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Panel Level Packaging Market Size Forecast to Reach $3.5 Billion by 2026

Panel Level Packaging Market Size is forecast to reach $3.5 billion by 2026, at a CAGR of 18.5% during 2021-2026. Panel Level packaging (PLP) is one of the latest packaging trends in microelectronics. Besides technology developments towards heterogeneous integration, larger substrates formats also are targeted. In addition, manufacturers are increasingly driving their suppliers to provide panel -processing tools and materials to allow them to bring wafer-level precision to package processed on panel substrates. This packaging is used in the packaging of field programmable gate array (FPGA), CPU/GPU, power management IC module, baseband, and others. Cost-effective packaging solution and flexible circuit designs are some of the major influencing factors for the growth of panel level packaging industry. Especially, the smaller form factor with enhanced thermal performance has generated huge demand for panel-level packaging technology among several industrial applications such as consumer electronics, automotive, aerospace & defense, telecommunication, and others. Additionally, Panel Level Packaging have been observing several advancements in technology over the past few years, owing to which Panel Level Packaging Market is gaining traction in the forecast period 2021-2026.

Panel Level Packaging Market Segment Analysis - By integration type

Fan-out Panel Level Packaging segment is expected to hold significant share of 51% in 2020. Several packaging houses are implementing panel-level fan-out, a low-density technology that promises to lower the cost of fan-out. Fan-out Panel Level Packaging segment is expected to be essential for future applications on 5G, AI, Biotech, Advanced Driver- Assistance System (ADAS), smart city, and IoT related products. In addition ability to develop advanced packing and testing services and secure customer relations serve as major factors which are diving the market growth in the forecast period. Fan-out Panel Level Packaging segment finds large-scale applications in the consumer electronics sector to design ultra-thin portable devices such as smartphones, smart watches, and laptops as they offer high-performing, energy-efficient, thin, and small form factor packages. Surge in demand for high-power, miniaturized packaged ICs due to rise in popularity of IoT and technologically improved compact electronic devices such as smartphones, smart watches, tablet, TVs among others primarily drives the packaging technology fan-out wafer level market growth.

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Panel Level Packaging Market Segment Analysis - By Industry Vertical

Consumer Electronics sector is expected to witness a highest CAGR of 19.9% the forecast period, as this segment is powering a new wave of developments in electronic packaging. According to Consumer Technology Association, Consumer Electronic retail sales are expected to grow 4.3% in this year to $461 billion. With increasing consumer electronic sales year on year, the demand for panel-level packaging significantly rises. Further, Berlin’s Fraunhofer IZM is the place to be for leading industry players wishing in developing the fundamental processes for the new panel-level packaging and creates viable first demonstrators on large-scale organic substrate formats in the consumer electronics. After the successful venture for two years, the consortium is focused on embracing new members with new research avenues, In 2020, Systems Engineering & Management Company (SEMCO) achieved a new milestone by rolling out APE-PMIC devices with FO (Fan-Out) embedded panel-level packaging (ePLP) PoP technology for Samsung Galaxy Watch. Similarly in 2020, SEMCO announced to continue to innovate for a cost-effective HDFO market space to compete with TSMC for Apple’s packaging and FE business again. In addition, SEMCO’s HDFO is anticipated to be utilized first in Samsung’s cellphones. Besides, a restructure between SEMCO, and Samsung Electronics could be favorable for Samsung’s position as the full turnkey provider for a FE+BE bundle. In June 2020, Samsung Electronics Co Ltd announced that they began construction of a new domestic production line for NAND flash memory chips, betting on demand for personal computers and servers as the coronavirus prompts more people to work from home. Samsung mentioned that the additional capacity would also help meet the demand for 5G smartphones and other devices despite recent delays in deployments of 5G networks in Europe and other countries due to pandemic. The production line for NAND memory significantly raises the demand for panel level packaging market.

Panel Level Packaging Market Segment Analysis - By Geography

Panel Level Packaging market in Asia-Pacific region held significant market share of 35.5% in 2020. With the presence of several significant vendors in the power electronics market, which are actively investing for the development of advanced panel-level packaging technology. According to the Semiconductor Industry Association (SIA), Asia-Pacific generates more than 50% revenue in the global semiconductor sales. As Panel level packaging technology is used for the packaging of various semiconductor products, including a field-programmable gate array (FPGA), CPU/GPU, and power management IC module, baseband, WiFi devices, RF devices, transducers, and networking & servers, hence growth of semiconductor industry will drive the market growth. In the Smart phone application, PLP is primarily used for fingerprint sensor with its packaged thickness of < 0.2T. In this regard, APAC is considered as a hot spot for sensor chip manufacturing as most of the smartphone companies including Apple Inc., Samsung Electronics, Xiaomi Corporation, and others have their manufacturing units in the Asia-Pacific region. In addition, the growing penetration of 5G wireless communication and high performance computing has enabled the manufacturers to come up with newer technologies. For instance, Taiwan Semiconductor Manufacturing Company Limited (TSMC) is planning to extend its panel level packing segment into technologies like in Fan Out-Antenna-in-Package (AiP) and inFO-on-Substrate (oS). Hence these factors drive the Panel Level Packaging market industry outlook in the forecast period 2021-2026.

Panel Level Packaging Market Drivers

High Growth in Processing Technologies for Semiconductor Industry

Semiconductor components such as memory chips, logic, analog components, micro processing unit (MPU), discrete, sensors and others have seen a surge in demand due to increased sales of the consumer as well as industrial electronics products. Sophisticated electronics components in wearable electronics and IoT based products demand fast processing of electronic devices circuits which in turn has created potential space for highly flexible ICs withstanding greater thermal resistance and physical performance. To cater to the need of enhanced ICs for high-end industrial applications in automotive, electronics, aerospace, telecommunication and others, level packing technology providers are moving from traditional wafer-based packaging to new packaging technologies like FOWLP. According to Semiconductor Industry Association (SIA), memory, logic, analog, and MPU related semiconductor products accounts for more than 80% of the total sales in the semiconductor industry; hence providing a surged opportunity for market leaders to focus on packaging process for these particular products.

Growing R&D activities

Manufacturers are continuously focusing on R&D to develop new and effective Panel Level Packaging solutions to meet consumer demand. In 2019, TDK America showcased AFM 15 Flip Chip GGI Die Bonder and PLP Load Port at SEMICON West 2019. AFM 15 for GGI flip-chip back end assembly packaging allows for die-sized capability 80?m2 ~ 20mm2, low energy dies bonding, a clean, lead-free process, and high productivity. This type of development will enhance the production process. Furthermore, in November 2019, Quik -Pak, announced it acquired Santa Clara -based QBBS for broadening its portfolio of the wafer preparation services. This addition of QBBS’s automated capability enables Quik-Pak in processing customer wafers in large volumes. Quik-Pak will integrate the QBBS technology into its wafer prep line in 2020. In 2019, Samsung Electronics acquired the panel level packaging business unit from its own Samsung Electro-Mechanics company to enhance its capability in the panel level packaging market. This is also, to regain Apple Inc.'s contract for application processor development, which has been taken by Taiwan Semiconductor Manufacturing Company, Limited (TSMC) in 2015 through commercialization of its FOWLP (Fan Out-Wafer Level Package) technology. Hence these factors are analysed to drive the market growth in the forecast period 2021-2026.

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Panel Level Packaging Market Challenges

High initial Cost

Fan-out packaging on a large square panel is significantly more difficult, and mass adoption is not expected anytime soon. High initial investment for setting up a panel level packaging is analyzed to hamper the market growth, several companies such as Advanced Semiconductor Engineering, Inc. (ASE), Powertech, Nepes, and Samsung are looking to panel-level packaging to reduce cost of investment. According to ASE, It costs about $100 million to $200 million to build a panel-level production line. This high initial cost of setup hinder the market growth in the forecast period 2021-2026.

Panel Level Packaging Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Panel Level Packaging market. Panel Level Packaging top 10 companies include Amkor Technology, Inc., Deca Technologies, Lam Research Corporation, ASE Group, Siliconware Precision Industries Co., Ltd., Fraunhofer Institute for Reliability and Micro integration IZM, Taiwan Semiconductor Manufacturing Company, Shinko Electric Industries Co, Ltd., Samsung Electro-Mechanics, Jiangsu Changjiang Electronics Tech Co. among others.

Acquisitions/Product Launches

In 2020, Taiwan Semiconductor Manufacturing (TSMC) announced plans to build a $12 billion factory in Arizona with support from the state and the U.S. government. TSMC said the plant would be able to produce 20,000 semiconductor wafers a month, directly employing more than 1,600 people.

In 2019, Deca Technologies has reached an agreement with nepes Corporation whereby nepes will expand its geographic footprint and manufacturing capabilities by taking over the operations of Deca Technologies Philippines manufacturing facility.

Key Takeaways

Consumer Electronics sector is expected to witness a highest CAGR of 19.9% the forecast period, as this segment is powering a new wave of developments in electronic packaging.

Panel Level Packaging market in Asia-Pacific region held significant market share of 35.5% in 2020. With the presence of several significant vendors in the power electronics market, which are actively investing for the development of advanced panel-level packaging technology is driving the market growth.

According to Semiconductor Industry Association (SIA), memory, logic, analog, and MPU related semiconductor products accounts for more than 80% of the total sales in the semiconductor industry; hence providing a surged opportunity for market leaders to focus on packaging process for these particular products.

Panel Level Packaging companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

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Connected Streetlights Market Size to Grow at a CAGR of 14.82% During 2021-2026

Connected streetlights Market size was valued at $1.3 billion in 2020 and it is estimated to grow at a CAGR of 14.82% during 2021-2026. The growth is mainly attributed to the high penetration of internet of things (IoT), constant innovation in mobile networks along with wireless technology, increasing demand for efficient advanced lighting solutions across industries and awareness regarding energy conservation. Furthermore, exponentially growing investments in smart city projects and government initiatives for greener strategies to support sustainable development across the world are the major driving factors of connected streetlights market. Additionally, this technology also helps in environmental monitoring, video surveillance and traffic monitoring, which enhances the public safety level and creates massive growth opportunities for IoT-enabled connected streetlights. Hence, owing to the above mentioned factors the connected streetlights industry is gaining traction in the forecast period 2021-2026.

Connected Streetlights Market Segment Analysis – By Component

Connected streetlights market is segmented into hardware, software and services, based on component. Hardware segment is further segmented into LED Lamps, Sodium Vapor Lamps, Drivers and Ballast, Sensors, Switches, Controllers and others. Among all the components, hardware dominated the market with a share of 25.16% in 2020, due to the increasing environmental concerns across the world and increasing adoption of light emitting diode (LED) lights for its several benefits. Many countries across the globe are investing heavily for the installation of more reliable LED street lighting system. For instance, till April 2019, Energy Efficiency Services Ltd. (EESL) replaced over 89.15 lakh street lights with LEDs across 1,400 Indian cities. Similarly, a recent report of Pacific Northwest National Laboratory shows that, Chicago will save $10 million within a year in energy cost with the help of LEDs. Similarly a report from Department of Energy states that, by 2027, the usage of LEDs will save 348 Terawatt-hour (TWh) of electricity and $30 billion electricity cost, compared to non-LED lightings. In addition, increasing environmental awareness among the people creates a massive requirement for this technology that fuels the growth of this market. This technology is more environment friendly, energy efficient, than any other traditional lighting system. Moreover, LED technology offers durability, which means longer lifespan and compactness. This in turn boosts the adoption rate of this solution and triggers the growth of this market. Such advantages are analysed to drive the market in the forecast period 2021-2026.

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Connected Streetlights Market Segment Analysis- By End User Industry

On the basis of end-user industry, this market is segmented into residential, commercial, industrial and Public & Government.Public & Government sector is analyzed to grow with the fastest CAGR of 15.19% during 2021-2026. Increasing investment in smart city projects, penetration of internet of things (IoT), government’s initiatives in promoting more sustainable methods for economical as well as environmental development, increasing popularity of LED lights, environmental awareness and others are the key influencing factors behind this growth. For instance, in June 2019, Havells India enhanced their manufacturing capabilities by five times, to 25 lakh lamps from 5 lakh lamps per month to assist the government’s initiatives for improving efficiency in the power & energy sector. Furthermore, due to the pandemic, paper bureaucracy dependent Japan is taking initiatives toward its digital transformation, resulting in high investments on smart city projects by the Japanese Government which will work as a key influence for the digital transformation and economical revival of Japan. Apart from that, the adoption of solar lighting plays a major role in the growth of this market. Hence, the above mentioned factors are being seen as the opportunity for the players operating in the connected streetlights market during 2021-2026.

Connected Streetlights Market Segment Analysis- By Geography

North America region held the highest connected streetlights market share around 31.55% of in 2020. The growth is mainly driven by the early adoption of this technology, growth in internet of things (IoT) infrastructure, rising demand for energy efficient lights such as light emitting diode (LED), connected solar lights and others; and presence of prominent market players. Growing investment for smart cities and Governments’ initiatives for these projects are fueling the growth of this market. In May 2019, New Orleans invested $40 million in holistic smart city project to improve the citywide public safety system. Similarly, a Mexican town, Tequila is in the process of consolidating itself as a smart town under the name “Smart Tequila” and the local Government is also planning to complete the whole digitization process by the year 2040.Such strategic investments will create huge demand for IoT-enabled connected streetlights along with pedestrian lights that are also called piggyback lights and will drive the growth of connected streetlights market in this region during the forecast period 2021-2026.

Connected Streetlights Market Drivers

Increasing Investment in Smart City Projects:

One of the major drivers behind the growth of connected streetlights market is growing investment is smart city project. The number of smart city projects is analyzed to grow rapidly due to the public safety issues, urbanization, government’s initiatives in the form of investments, increasing concerns for environment, limited resources and others. These projects reduce the overall energy and maintenance costs and also open up new revenue opportunities. In June 2020, The Singapore Government announced to increase the investment in smart city projects and information technology by 30%. Similarly, in April 2021, Mitsubishi Corporation added a new urban transit oriented mixed use development project, to its already existing smart city program, near Jakarta. As the requirement of IoT-enabled connected streetlights is directly proportional to the number of smart city projects, thus,with growing investments in smart city projects across the globe, the demand for connected streetlights is also rising. These smart street lighting will help in building future-proof smart cities. For instance, In October 2019, UK-based smart city solution provider Telensa teamed up with Eaton Lighting to deliver connected solutions for outdoor lighting and related smart city applications across the world.

High Penetration of Wireless Technology and Digitization:

Growing penetration of wireless technology and increasing investment on wireless technology for digital transformation is analyzed to drive the connected streetlight market during the forecast period. In February 2020, Microsoft announced their $1.1 billion investment plan to drive the digital transformation in Mexico over next five years.Unlike wired connected streetlights such as PLC-based wired connected streetlights, wireless connected streetlights can be remotely monitored as well as controlled with the help of connected wireless networks. Along with this, the upfront cost of wireless streetlight is far less than PLC-based wired connected streetlights, which fuels the growth of this market. Moreover, connected streetlights technology can send information faster to a centralized management system through wireless technology than wired technology, which helps in controlling different parameters including voltage, current, temperature and others.Such advantages of wireless technology and increasing investment in wireless solutions are augmenting the growing adoption of connected streetlights globally.To meet the growing requirement of wireless connected streetlights players are launching advanced products. For instance, in October 2019, LED Eco Lights announced the launch of its new product - a networked wireless lighting control system, named Light Boss, which significantly reduces the energy and maintenance cost and monitors the usage and can be used across various sectors including commercial, industrial, education, healthcare and others. Hence, the above-mentioned factors are set to boost the market growth during 2021-2026.

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Connected Streetlights Market Challenges

High Installation Cost:

Even though, connected streetlights market is growing rapidly, high installation cost of this technology hampers the growth of this market. The growing penetration of IoT creates huge demand for this IoT-enabled connected streetlights market. Since this technology includes various types of hardware such as LED lamps, sodium vapor lamps, drivers and ballast, sensors, switches, controllers and others as well as software solutions, the overall price of this solution rises.Hence, the rise in installation price will hamper the growth of this market during the forecast period 2021-2026.

Connected streetlights Market Landscape

Technology launches, Acquisitions,Collaboration, and R&D activities are key strategies adopted by players in the connected streetlights Industry Outlook. Connected streetlights top 10 companies includes General Electric, Koninklijke Philips N.V, Telensa Holdings Ltd., Echelon Corporation, Osram Licht AG, Signify Holding B.V., Cisco Systems, Inc.,Trilliant holdings Inc., AxiomTek Co., Ltd., Cree Inc. and others.

Acquisitions/Technology Launches

In July 2021, Signify announced about its acquisition of a UK-based company, Telensa Holdings, for smart cities. By acquiring Telensa, Signify added a narrow-band and TALQ-compliant solution to its feature-rich, open and secured systems. This will make smart city infrastructure affordable to the cities utilizing the unlicensed radio space.

In June 2020, The New York Power Authority (NYPA) collaborated with Signify company, to support Smart Street lighting NY. Under this program, over 50,000 LED streetlights already had been installed or are currently being installed across New York.

Key Takeaways

Hardware held the highest market share in 2020 and is anticipated to witness significant amount of growth, owing to increasing awareness regarding environmental issues and growing adoption of LED streetlights.

Public & Government sector is analysed to witness the fastest growth between 2021-2026. Rising requirement for cost effective, energy efficient lighting technology and smart city project initiatives are the key factors behind the growth.

North America held the major market share in 2020 and is anticipated to witness significant growth during forecast period, owing to the early adoption of this technology, rising investments in smart city projects and the presence of prominent market players.

Increasing smart city investment and penetration of wireless technology works as a growth driver for this market during 2021-2026.

The top players of this market includes General Electric, Koninklijke Philips N.V, Telensa Holdings Ltd., Echelon Corporation, Osram Licht AG and others.

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Big Data Infrastructure Forecast to Reach $4.2 Billion by 2026

The market for Big Data Infrastructure is forecast to reach $4.2 billion by 2026, growing at a CAGR of 32.3% from 2021 to 2026 due to rapid increase in consumer and machine data developments. Big Data is referred as the collection of data sets so large and complex that it is not possible to process it in traditional way. The market will be driven by the growth of the structured and unstructured data. Big Data infrastructure is the cornerstone of the enterprises to sort, store, process and analyze the large data sets. An enterprise generates data in large volume with high velocity and veracity which cannot be stored and processed traditionally and this raises the demand for emerging data intensive analytical technology.

Big Data Infrastructure Market Segment Analysis - By Type

Big Data Infrastructure is the main component of the organization to sort, store, process and analyze the large data sets. Presently the global Big Data adoption trend focuses on application and not in the infrastructure. An enterprises generate the data in terabytes and petabytes which cannot be stored and processed traditionally which raise the demand for up gradation of IT infrastructure. Once there is proper hardware and analytical tool in place you can move up the stack and focus on your database and application. An updated Big Data infrastructure can provide you access, speed and availability of data to make quick decision and corrective approach. The Big Data Infrastructure consists various adoption process such as cluster design, server architecture, network architecture, storage architecture and information Infrastructure architecture. Most enterprises are using the Network attached storage (NAS) and Storage area network (SAN) for implementing Big Data to use the existing infrastructure even though Direct attached storage (DAS) is recommended. The storage segment is expected to dominate the Big Data Infrastructure Market in the forecast period. The storage used for big data needs a huge data handling capacity. The growth of this segment is also due to arrival of a new trend known as object storage. This architecture considers data as object and block and the stores them within the sectors. These factors drive the growth of the big data infrastructure market in the forecast period.

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Big Data Infrastructure Market Segment Analysis - By End Use Industry

Among all end use industries, automotive is the leading segment due to growing adoption of high tech vehicles. Huge amounts of constantly changing data that is difficult to handle but is of enormous value on the analysis of which we can provide new and improved user experience, is “big data.” In the automotive industry, this data can improve driver safety and experience, and in short provide better and safer vehicle services. Further the increase of electronics and usage of different services, generates the data in large amount which is known as Big Data and these data cannot be stored or analyzed by traditional way so the Big Data Infrastructure provides the ability to handle and process such data.

Big Data Infrastructure Market Segment Analysis - By Geography

North America will dominate the Big Data Infrastructure Market during the forecast period with 41% in 2020. The U.S. is the main region for big data infrastructure due to the presence of players such as HP, Dell, Cisco, and IBM. Big data has a high potential in the U.S due to increasingly extensive data collection practices. In Asia Pacific, the technological developments in the IT sector and growing business operations will benefit the market in the forecast period. Many organisations in Asia Pacific are depending on digital systems to reach their goals.

Big Data Infrastructure Market Drivers

Rising Usage of Hadoop for Bid Data Processing

One of the current trend in the Big Data Infrastructure Market is, the usage of Hadoop for processing, storing and analyzing has been increased compared to other tool such as NoSQL and massive parallel processing. Components such as Hadoop distributed file system, Map Reduce, and Spark are making it preferable. Also there has been an alternative to Hadoop which is making a foot print in the current market named “IBM Info sphere Big Insights” as it has capabilities such as high availability, performance, ease to use and can eliminate the single point of failure events in the Hadoop. Big Data infrastructure is also witnessing growing usage of cloud storage for storage of data which allows improved implementation with Hadoop.

Rising Amount of Data Generated by Organizations

One of the current trends in the Big Data Infrastructure Market is it is widely popular and in demand due to the rising storage capacity in terms of Terabyte and Petabyte of Big Data generated by the organizations. It is widely used because it can handle large amount of data and keep scaling to keep up growth and can provide input and output data to analytical tools for analysis. Big Data challenges include storage of data, capturing data and analyzing data. These can be done by few analytical tools such as Apache Hadoop, NoSQL, JAQL, Hive and others. Out of these tools Apache Hadoop is widely used and is in trend due to its storage capacity, Hadoop file storage system which can split data and can distribute across many nodes thus providing high availability. All these aspects are making Big Data Infrastructure market face higher adoption and we can expect the growth of this market, as more and more organization are looking forward for alternative tool or cloud storage to store its generated data to analyze it and make corrective approach to generate revenue.

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Big Data Infrastructure Market Challenges

Concerns Regarding Data Privacy

The biggest challenge with Big Data is the sensitive issue of data privacy and Infrastructure, which most organizations are facing. With the implementation of GDPR regulations, consumer data privacy issues have been put to the forefront. Privacy concerns are cropping up as companies feed more and more consumer and vendor data into advanced, AI-fuelled algorithms to create new bits of sensitive information, unbeknownst to affected consumers and employees. This is especially prevalent in the BFSI sector, where consumer data collection has been at the forefront in terms of big data challenges. These data privacy concerns will hinder the adoption of Big Data Infrastructure solutions.

Big Data Infrastructure Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Big Data Infrastructure Market. Accenture, Amazon Web Service, Dell, HP, IBM, Oracle, Cisco Cloudera, Concurrent, Dataguise and others are considered to be the key players of the Big Data Infrastructure Market.

Acquisitions/Technology Launches/Partnerships

In December 2020, NuWave Solutions Acquired BigBear, a Leading Provider of Big Data Analytics Solutions to the National Infrastructure Community.

In May 2020 Accenture acquired Byte Prophecy, an automated insights and big data analytics company from India. The acquisition will help Accenture to meet what it sees as growing demand for enterprise-scale AI and digital analytics solutions across the region. As part of the deal, nearly 50 data science and data engineer experts will join Accenture Applied Intelligence, the global IT consulting firm’s team and service for artificial intelligence, data, analytics and automation.

Key Takeaways

Growth of cloud based big data analytics will enhance the growth of the big data analytics software.

Growth of structured and unstructured data will provide many opportunities for big data platform.

Use of big data solutions in the financial services sector and analysis of conversations in social networking websites will propel the growth of the Big Data Infrastructure Market.

Large volume of data generated by enterprises will enhance the demand for big data infrastructure in the forecast period.

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Maldives Energy Drink Market Size to Grow at a CAGR of 4.8% During the Forecast Period 2021-2026

Maldives Energy Drink market size was estimated at $35.23 billion in 2020, growing at a CAGR of 4.8% during the forecast period 2021-2026. An energy drink contains stimulant ingredients, most commonly caffeine, and is advertised as giving mental and physical stimulation. It contains sugar, other sweeteners, herbal extracts, taurine, ginseng, guarana and amino acids, and it may be carbonated or not. Energy drinks are frequently mixed with alcohol to boost the good benefits of consumption while reducing the depressing effects. This can lead to increased alcohol use and an increase in alcohol-related adverse events. Athletes and sportspeople frequently consume energy drink, which helps them stay hydrated throughout the game. Energy drinks contain caffeine as over consumption of energy drinks cause health some problems. There are a variety of energy drinks available on the market, but Red Bull is the best energy drink. The increasing popularity of energy drink among consumer as it provides instant energy. Coupled with the growing disposable income of the people in this region are the major factors driving the growth of the market. Rising awareness about health benefits of energy drinks and changing lifestyle of the people are set to further enhance the overall market development of the Maldives Energy Drink Market for the period 2021-2026.

Maldives Energy Drink Market Segment Analysis – By Type

Based on type, the Maldives Energy Drink market is segmented into Alcoholic and Non-Alcoholic. Non-alcoholic held the largest share in the Maldives Energy Drink market in 2020. Non-alcoholic energy drinks contain less calories and compared to alcoholic alternatives, customers prefer calorie-free, zero-sugar, or diet drinks that are alcohol-free thereby increasing Maldives Energy Drink market. However, Alcoholic is estimated to register higher CAGR of 5.3% during the forecast period 2021-2026 owing to growing demand of alcoholic drinks from young population in parties and club.

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Maldives Energy Drink Market Segment Analysis – By Flavor

Based on flavor, the Maldives Energy Drink market is segmented into Unflavored and Flavored. Flavored held the largest share and also is estimated to register higher CAGR of 5.5% during the forecast period 2021-2026. Increasing preference of consumers towards flavored energy drinks as many flavors are available in the market such as mint, citrus, berries, mix and many others and also it enhance the taste of energy drink thereby increasing Maldives Energy Drink market.

Maldives Energy Drink Market Segment Analysis – By Distribution Channel

Based on distribution channel, the Maldives Energy Drink market is segmented into Supermarket/Hypermarket, Convenience Store, Specialty Store, Online Retailers and Others. Supermarket/Hypermarket held the largest share in the Maldives Energy Drink market in 2020. Supermarket/Hypermarket offer large variety of goods to customers at one place also offer better brand visibility, easy shopping experience thereby increasing Maldives Energy Drink market. However, online retailer is estimated to register higher CAGR of 5.1% during the forecast period 2021-2026 owing to Online Retail Stores provides more discounts and wider options to purchase.

Maldives Energy Drink Market Drivers

Increasing Consumption of Energy Drinks

Increasing consumption of energy drink among adolescents in this region is increasing the growth of the Maldives Energy Drink Market. Adolescents and athletes consume a lot of energy drinks because they claim to help them perform better, last longer, and be more attentive and also energy drink help to maintain a healthy level of taurine, an amino acid found in the body during excessive physical activity and acute stress, taurine levels are expected to drop dramatically. Long and erratic working hours as well as changing lifestyle of the people thereby increasing the growth of the Maldives Energy Drink Market during the forecast period 2021-2026.

Growing Product Innovation By Key Players

Increasing innovation in packaging of the product by key players in this region is increasing the growth of the Maldives Energy Drink Market. Packaging of energy drink such as sleek and colourful is attracting consumers since it is stylish and trendy. Manufacturers are focusing on expansion of products by introducing new flavors and categories thereby increasing the growth of the Maldives Energy Drink Market during the forecast period 2021-2026.

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Maldives Energy Drink Market Challenges

Health Issues

The major factor that is set to impede the growth of the Maldives Energy Drink Market is energy drinks contain caffeine and large amount of caffeine can cause heart and blood vessel problems. Another factor which hamper the growth of market is availability of alternative products in the market.

Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Maldives Energy Drink Market. In 2020, the Maldives Energy Drink Market share is consolidated by the top ten players present in the market. The Maldives Energy Drink Market, top 10 companies are, Red Bull GmbH, PepsiCo Inc., The Coca-Cola Company, Monster Energy, Hype Energy Drinks, XI Energy Drinks, Fraser and Neave Ltd., National Beverage Corp, Tenzing Natural Energy, and Royce Drink.

Recent Development:

In March 2020, Pepsico Inc. acquired Rockstar Energy Beverages, leading energy drink producer for $3.85 billion. This acquisition will expand Pepsico’s fast growing energy category.

Key Takeaways

Maldives Energy Drink Market is increasing in 2020 owing to increasing health and wellness awareness coupled with rise in number of affluent consumers in this region. The Maldives Energy Drink Market scope for different regions will be provided in the final report.

Increasing popularity among teenagers set to aid the market growth of the Maldives Energy Drink Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Maldives Energy Drink Market report.

Health risks associated with energy drinks is poised to create the hurdles for the Maldives Energy Drink Market.

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Ambient Noodles Market Size Estimated to Reach $25.68 Billion by 2026

Ambient Noodles Market size is estimated to reach $25.68 billion by 2026, growing at a CAGR of 4.2% during the forecast period 2021-2026. Ambient Noodles are shelf-stable noodles that do not require any refrigerated storage. Ambient noodles are increasingly being adopted among the working population across the world owing to the growing adoption of convenience foods and the rise in the demand for shelf-stable noodles. The rise in the adoption of spaghetti noodles and chow fun noodles among the young population, increase in awareness about the benefits of ambient foods, rise in the adoption of chow mein noodles in developed nations owing to the rise in the standard of living, and the growing investment by the key players to develop quality ambient noodles are the factors that are set to drive the growth of the Ambient Noodles Market for the period 2021-2026.

Ambient Noodles Market Segment Analysis-By Type

The Ambient Noodles Market based on the Type can be further segmented into Spaghetti Noodles, Chow Fun Noodles, and Chow Mein Noodles. The Spaghetti Noodles segment held the largest share owing to the factors such as the increase in the demand for spaghetti noodles among the young population and the rise in the product launches by the key players. The growing investment by the key players to develop quality spaghetti noodles is driving the growth of the Ambient Noodles Market. The Chow Mein Noodles segment is estimated to be the fastest-growing segment with a CAGR of 4.6% over the period 2021-2026. This growth is owing to the factors such as the growing adoption of chow mein noodles in developed nations and the increase in the consumer inclination towards ambient noodles.

Ambient Noodles Market Segment Analysis-By Distribution Channel

The Ambient Noodles Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the cost-effectiveness and the availability of a wide range of chow fun noodles and chow mein noodles with different brands and prices ranges. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 5.1% over the period 2021-2026. This growth is owing to the factors such as the growing demand for digitalized shopping experiences among the customers and the rise in the demand for door-stop delivery.

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Ambient Noodles Market Segment Analysis-By Geography

The Ambient Noodles Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Asia-Pacific held the largest share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of chow mein noodles in developed nations and the increase in the product launches by the key players. The growing demand for ambient foods is driving the growth of the Ambient Noodles Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the increase in the adoption of spaghetti noodles and chow fun noodles among the young population and the growing investment by the key players to develop high-quality Ambient Noodles.

Ambient Noodles Market Drivers

Increase in the Availability of Ambient Noodles with Various Flavors.

Ambient noodles, such as spaghetti noodles, chow fun noodles, and chow mein noodles are increasingly being available in various flavors along with vegetarian and non-vegetarian varieties. The key players across the world are focusing on developing ambient noodles with innovative flavors, which is one of the major factors driving the growth of the Ambient Noodles Market.

Rise in the Adoption of Ambient Noodles among Working Population.

The working population across the world is increasingly shifting towards ambient noodles owing to the growing demand for convenience foods and the rise in the purchasing power of the working population. Moreover, manufacturers are launching premium ambient noodles to meet the growing demand from the working population, which is further propelling the growth of the Ambient Noodles Market.

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Ambient Noodles Market Challenges

Growing Awareness about the Availability of Unhealthy Ingredients in Ambient Noodles.

The key players in the market are increasing their investment to carry out various research and development activities for developing quality spaghetti noodles and chow fun noodles. However, the growing awareness about the availability of unhealthy ingredients in ambient noodles is one of the major factors that is estimated to reduce the growth of the Ambient Noodles Market.

Ambient Noodles Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Ambient Noodles Market. Key companies of this market are Nestle SA, Inbisco India, Baixiang Food Co. Ltd, Hindustan Unilever Ltd, Capital Food India Ltd, Nissin, Patanjali, Hebei Hualong Food Group, GSK Consumer Healthcare Ltd, and ITC Ltd among others.

Acquisitions/Product Launches:

In February 2021, Nestle SA has launched masala veg atta noodles that are infused with spinach in every strand in India to meet the growing demand for the seasonal delight of vegetables like Spinach in noodles among consumers in the country.

Key Takeaways

Geographically, the Asia-Pacific Ambient Noodles Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of chow mein noodles in developed nations.

The increase in the demand for spaghetti noodles among the young population is driving the Spaghetti Noodles segment. However, the growing awareness about the availability of unhealthy ingredients in ambient noodles is one of the major factors that is said to reduce the growth of the Ambient Noodles Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Ambient Noodles Market report.

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Popcorn Market Size Forecast to Reach $10.7 Billion by 2026

The Popcorn Market size is forecast to reach $10.7 billion by 2026, growing at a CAGR of 4.4% during the forecast period 2021-2026. Popcorn is a variety of corn kernel that extends and puffs up when it gets heated. A kernel popcorn hull contains the starchy shell endosperm that has 14-20% moisture content in it and it turns steam as the kernel gets heated. It is a type of snack that is made of corn kernel. It has high nutritional content and is consumed as a snack food. It exist in two forms that is ready to eat popcorn and microwave popcorn. Caramel corn is made of popcorn coated with a sugar or molasses based caramel candy shell. Popcorns are rich and concentrated sources of polyphenolic compounds, fiber, vitamin B, antioxidants, and several other proteins. Increasing theatres and multiplexes and increase in the number of microwaves is the major factors driving the growth of the market. Change in eating habits of consumers and increasing awareness regarding the improvement in digestive system is set to further enhance the overall market developments of the Popcorn Market.

Popcorn Market Segment Analysis – By Product

Ready-to-Eat held the largest share in the Popcorn Market in 2020 and is estimated to grow at a CAGR 5.0% during the forecast period 2021-2026. This is attributed to the various health benefits that are associated with it. Popcorns are high in fiber, contains phenolic acids, and is a type of antioxidants that helps in reducing the risk of diabetes, hypertension, and heart diseases. It also has a low glycemic index that helps to maintain the blood sugar levels more easily and also helps in avoiding fluctuation that are associated with foods high in GI. It improves the lipid and glucose levels in the body. Ready-to-Eat are estimated to register the higher CAGR over the period 2021-2026.

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Popcorn Market Segment Analysis – By Application

Household held the largest share in the Popcorn Market in 2020 and is estimated to grow at a CAGR 5.3% during the forecast period 2021-2026. This is attributed to the various health benefits that are associated with ready-to-eat popcorns. Busy and hectic lifestyle of consumers have motivated them to adopt ready to eat popcorns over traditional meals. Increasing awareness related to health, change in the preference of eating habits, and increasing awareness regarding the healthy food is also increasing the growth of the market. Popcorn is the most popular snack as it is healthy, instant, and convenient that is prepared by heating the corn kernels. Household are estimated to register the higher CAGR over the period 2021-2026.

Popcorn Market Segment Analysis – By Geography

North America dominated the Popcorn Market with a major share of 35.2% in 2020. This is owing to the increasing demand of popcorns for inculcating flavors. Increasing inclination of the consumers towards the healthy diet, and increasing number of applications in the commercial sectors is also increasing the growth of the market in this region.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing demand of consumers towards the better texture, flavor, and appearance. Increasing usage of popcorns for reducing heart diseases, and increase in the consumption of ready-to-eat food is also increasing the growth of the market in this region.

Popcorn Market Drivers

Increasing Health Consciousness Among Consumers

Increasing health consciousness among consumers is increasing the growth of the Popcorn Market. This is owing to the nutritional benefits of the popcorn as it contains a huge amount of phenolic acids. Popcorn contains vitamin E that benefits the body as vitamin E supports reproduction, vision, and health of the brain, blood, and skin. Phenolic acids acts as an antioxidants that helps to prevent some serious health conditions. Popcorn has high fiber content and low calorie count, contributes to important health benefit. Thus, increasing the growth of the Popcorn Market during the forecast period 2021-2026.

Increasing Shift of the Consumers towards the Veganism

Increasing shift of the consumers towards the veganism is increasing the growth of the Popcorn Market. This is owing to the increasing awareness of the consumers regarding the health, social impact, and sustainability. There is an increasing shift of the consumers towards the veganism owing to the animal welfare, and personal health. Also, there is an increasing demand of the popcorns from household as well as commercial sectors. Thus, increasing the growth of the Popcorn Market during the forecast period 2021-2026.

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Popcorn Market Challenges

High Competition and Stringent Regulations

Some of the factors that are set to impede the growth of the Popcorn Market are high competition and stringent regulations. Allergic reactions associated with excess intake of popcorn and fluctuations in corn prices is also set to hinder the growth of the market.

Popcorn Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Popcorn Market. In 2020, the Popcorn Market share is consolidated by the top ten players present in the market. The Popcorn Market, top 10 companies are The Hershey Company, The Hain Celestial Group Inc., Weaver Popcorn Company Inc., Eagle Family Foods Group LLC, Conagra Brands Inc., and Propercorn among others.

Key Takeaways

North America dominated the Popcorn Market in 2020 owing to the increase in a huge number of commercial places and increasing awareness regarding healthy food. The Popcorn Market scope for different regions will be provided in the final report.

Increasing usage of nutritional supplements and increasing consumer inclination towards healthy diets are likely to aid the market growth of the Popcorn Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Popcorn Market report.

High competition and stringent regulations is poised to create the hurdles for the Popcorn Market.

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Food and Beverage Temperature Sensor Market Size to Growth at a CAGR of 12% During Forecast Period 2021- 2026

The Global Food and Beverage Temperature Sensor Market size accounted for $6.2 billion in 2020 and is anticipated to witness significant market growth with CAGR of 12% during forecast period 2021 to 2026. Sensors for measuring the temperature of a material or a medium for a specified set of requirements make up temperature sensors systems. Sensors such as this play an important role in a variety of applications, including maintaining a specific temperature range for equipment used to store process and raw food, clean other equipment, and manufacture hot liquids. Increasing demand for industrial automation products, growth of process automation industry and the increasing usage in wireless communication are the key growth factors for temperature sensors. Moreover, new technical advances in the Food and Beverage Industry are significant growth factors for the Food and Beverage Temperature Sensor Market. The growing popularity of thermistor temperature sensor in the beverage vertical owing to the rising need for temperature and safety sensors propels the market growth. Furthermore, integrated circuits deployed across tablets, smartphones and others are dependent on integrated silicon temperature sensors in micro-controllers and other electronics. Thus, the major driver for temperature sensors in food and beverages is the rapid rise of tablets and smartphones usage in the industrial sector as a result of enormous R&D advancements. Rising need for temperature sensors across sanitary CIP, high-temperature short-time(HTST), Flash pasteurization processes will drive the market growth. Additionally, process industry market trends such as miniaturization, rising automation, and the requirement to handle increasingly complex applications necessitate heat monitoring and control. This tendency, combined with strong sales and advances in sensor technology, is expected to maintain temperature sensors growth.

Food and Beverage Temperature Sensor Market Segment Analysis - By Product Type

Infrared Sensor segment is anticipated to witness significant market growth during the forecast period 2021-2026. Infrared temperature sensors play a vital role in automated process control for inspection, process monitoring and quality control, by assisting the parent system to evaluate, detect, quantify and process the variety of transitions that occur in industrial manufacturing sites, such as alternation of volume, position, height and dislocation. The automation sector, in particular industrial automation sector is the driving force behind the market for temperature IR sensors. Rising deployment of automation in different industrial vertical including chemicals, metals, pharmaceutical, semiconductor, electronics, machine tools, robotics, and others drives the need to implement appliances or devices that use IR sensors on a larger scale. Utilization of contactless monitoring of temperature distributions and profiles with industrial thermographic cameras in process temperature measurement benefits the market growth. Full temperature assessment and location monitoring is also conveniently feasible with high-level thermographic quality control. With the growing penetration of industrial automation in developing economies with major manufacturing hubs is analysed to be a major driving factor for the temperature IR sensor market. Apart from this, developments in IR sensing technology are helping to streamline device integration in order to make an automated system more efficient thereby propelling the market in developed economies as well. In October 2019, Terabee introduced its first industrial smart distance sensor. The sensor has six inbuilt modes of operation with customizable distance parameters that can be set for fast and simple set-up using teach-in buttons. The sensor is highly adaptable, such that a range of tracking, control, and distance sensing applications can satisfy requirements for various operation. Such product launches further is anticipated to propel the market growth.

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Food and Beverage Temperature Sensor Market Segment Analysis - By End user Type

Food segment held the highest market share in 2020 and is anticipated to witness significant market growth with CAGR 4.3% during the forecast period 2021-2026. The growing popularity of automation, as well as the growing demand for smart wearables, are some of the major reasons driving the growth of the temperature sensors market. The rapid rise can be due to its widespread use in smart monitoring technology in emerging countries. Temperature sensors finds application in heating and cooling, ventilation, fire detection systems, and others in this industry. The market's growth is being aided by the growing use of industrial automation application. Furthermore, market participants have expanded their product development to meet the increasing demand from competitors. For instance, in November 2019, Azbil Corporation launched a sealing temperature sensor for HVAC building automation. The sensor has a faster response time and increased accuracy, making it a prominent choice for indoor applications. Moreover, rising demand of digital temperature sensor for accurate temperature monitoring across the vertical boosts the market growth. People nowadays rely heavily on consumer electronic items such as mobile gadgets, such as wearables, phones, and tags, among other things in the industrial sector as well. Growing requirement for advanced electronic goods for industrial automation , as well as the expanding need for smart meters in the food and beverage industry, propels the consumer electronics application. Thus, the increasing use of these items necessitates the inclusion of in-built digital temperature sensors. These factors thus contributes towards the enhancement of market expansion.

Food and Beverage Temperature Sensor Market Segment Analysis - Geography

APAC region is estimated to witness the highest market growth rate of CAGR 12.4% during the forecast period 2021-2026. The market growth in this region is attributed to growing application of temperature sensors in beverage end user vertical. Moreover, increasing demand towards thermal imaging systems within the sector, and others benefits the market growth. Furthermore, increasing industrial automation, especially within the food & beverages sectors, is expected to drive the demand for temperature sensors in APAC. China, India, Japan, South Korea, and Australia are a few major countries that are contributing to the increase in demand for temperature sensor market in the APAC region. Such initiatives will further boost the demand for temperature sensors within the market in the near future. Additionally, with government funding on improving safety standards towards industrial procedures, there is increasing demand towards thermal imaging systems for monitoring various safety solutions. Such factors are anticipated to create high growth for temperature sensors within medical applications in order to provide efficient quality safety standards. In 2020, China’s Jiuyou Fund had announced of investing an amount of SEK 40 million ($ 4 million) in a Swedish based plastic passive infrared sensor manufacturer, JonDeTech Sensors AB. The sensor can be used for a range of applications including car heat surveillance, temperature surveillance for smartphones, fire detection and wearable and many others. In March 2020Emerson Electric Co., a provider of automated and commercial & residential solutions to a variety of sectors, introduced the Rosemount 214C temperature sensors. The new temperature sensors are equipped with a choice of thermocouple types and element combinations. This product launch assists the firm in strengthening its product portfolio. Such investments and product launches further will propel the market growth in this region during the forecast period 2021-2026.

Food and Beverage Temperature Sensor Market Drivers

Rising adoption of temperature sensors in Automation

Temperature sensors are used in the industrial sector to detect the temperature of an industrial process, storage temperature, and air to guarantee optimal operation. Automation temperature sensors usually consist of either a thermistor, thermocouple, resistance temperature detector or an infrared device. The demand for industrial automation is increasing as the rising wages and need for efficiency are driving a shift towards augomation growth. Furthermore, the global adoption of improved safety solutions, the rapid development of robotics, and the advancement of sensor fusion technology will all provide new opportunities for the automation temperature sensor market throughout the projected period.

Rising deployment across Processing Plants

Processing plants create a lot of heat, which might jeopardize the end product stability and integrity. As a result, there's a higher need for temperature sensors, which may assist detect anomalous temperatures and monitor power incursion and humidity throughout the process and storage facilities. The temperature sensor market benefits from the increased demand for processed food across the world which is driving the need for increased food and beverage processing plants.

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Food and Beverage Temperature Sensor Market Challenges

Low sensitivity towards external environment is anticipated to hinder the Food and Beverage Temperature Sensor Market growth.

Some of the temperature sensor types have a limited temperature range, which leads to device failure and increased expenses. For instance, Resistive Temperature Detectors (RTD) have very poor thermal sensitivity, that is, a change in temperature only produces a very small output change. Thus, low sensitivity to the external environment is one of the issues limiting market growth, which has a negative influence on the adoption of these sensors for industrial applications.

Food and Beverage Temperature Sensor Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Food and Beverage Temperature Sensor Market. As of 2020, the market for Food and Beverage Temperature Sensor Market is consolidated with the top players including TE Connectivity, Texas Instrument, On Semiconductor, Honeywell International, Inc, ABB Group, Robert Bosch GmbH, Omega Engineering, ABLIC Inc, Yokogawa, Instrumentation Dynatherm Inc. and others.

Acquisitions/Technology Launches/Partnerships

In Feb 2020, Texas Instruments has added linear thermistors to its temperature sensing portfolio, which are up to 50% more accurate than negative temperature coefficient (NTC) thermistors. The greater precision of TI's thermistors allows operating closer to the temperature limitations of the other components and the system as a whole. It can help engineers maximize performance while reducing bill-of-materials (BOM) and total solution cost.

In November 2019, Azbil Corporation launched a sealing temperature sensor for HVAC building automation. The sensor has a faster response time and increased accuracy, making it a prominent choice for indoor applications.

Key Takeaways

IoT has open path for new set of applications such as remote monitoring, predictive maintenance and others. The implementation of these applications require temperature such as thermostats, thus driving the market.

Emerging applications such as temperature stabilization in food and beverage processes are projected to drive market growth for temperature sensors.

Temperature sensors are projected to be in high demand in APAC due to rising industrial automation, particularly in the food and beverage sectors.

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Internet Protocol Television (IPTV) Content Delivery Network (Cdn) or IPTV Cdn Market Size Estimated to Reach $83.1 Billion by 2026

Internet Protocol Television (IPTV) content delivery network (Cdn)or IPTV Cdn Market size is estimated to reach $83.1 billion by 2026 at a CAGR of 15.28% during 2021-2026. IPTV is a television that delivers content over the internet protocols through a privately managed content delivery network. It uses various protocols for different services such as user datagram protocol for streaming media, Internet Group Management Protocol (IGMP) for live television broadcasting and Real-Time Streaming Protocol (RTSP)for on-demand programs, Real-Time Messaging Protocol (RTMP) and Hypertext Transfer Protocol (HTTP) and others. The IPTV CDN market size is growing due to the increasing demand for better video quality content and advancement of technologies. Apart from that, growing demand for OTT services plays a major role. In addition, Governments incentives in order to accelerate the adoption of IPTV services are fueling the market growth. These factors will drive the IPTV Cdn industry in the forecast period 2021-2026.

Internet Protocol Television (IPTV) CDN Market Segment Analysis - By End-User Industry

The IPTV Cdn market is segmented into commercial, government and public sector, industrial and residential, based on end-user industry. Among all the end-user, home-based residential users are estimated to grow with the fastest CAGR of 16.01% during the forecast period 2021-2026. IPTV is a personalized, on-demand multimedia service provider that offers various services including the delivery of video contents on demand, OTT services, parental control, availability to various devices, content recording and others, which has attracted the home-based customers towards IPTV Cdn. In August 2020, BSNL launched it IPTV services with 100+ channels at $1.7 in few cities of Kerala. Apart from that, this technology has more advantages than traditional TV systems which is a key factor for the growth of this market. All the above-mentioned benefits in one platform will provide significant opportunities for the deployment of IPTV Cdn in residential sector during the forecast period 2021-2026.

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Internet Protocol Television (IPTV) CDN Market Segment Analysis -By Geography

APAC is anticipated to grow at the fastest CAGR of 16.59% during 2021-2026, due to the increasing adoption of advanced technologies and growing demand for one-stop solution. According to TRAI’s recent report, till January 2020, 19.08 Million wired broadband subscribers were there in India. Furthermore, Government initiatives in terms of incentives offered by them to promote the adoption of IPTV in the region. In November 2020, China telecom collaborated with UTStarcom to launch its IPTV services. Hence these factors are analysed to drive the market in the forecast period 2021-2026.

Internet Protocol Television (IPTV) CDN Market Drivers

IPTV Cdn- A One-stop solution:

Iptv is a one-stop solution that offers OTT services, cable TV services and home networking services through one cable, making it more desirable technology to the customers, which drives the adoption rate of IPTV Cdn. In June 2020, Jio published it financial report of 2019-2020, which states that, till March 2020, Jiofibre has connected approximated 1 million homes that too within few months of its launch. Apart from that, video-on-demand (Vod), telecommunication services which make the TV more interactive are also a part of IPTV cdn services which fuels the market growth. The above mentioned factors will drive the market growth during the forecast period 2021-2026.

Initiatives to Improve the Quality of Services:

With growing competition, the vendors are focusing on improving their respective customer bases and in order achieve it, vendors are upgrading its services and putting more extensive Cdn for better reach and to offer better internet-based streaming services, resulting in increasing adoption of this technology. In April 2020, Verizon launched platform enhancements-a range of capabilities, in order to maximize the streaming reach and to create new ways to generate revenues by attracting audiences. Such strategic innovations by the vendors will augment the growth of global IPTV Cdn market.

Internet Protocol Television (IPTV) CDN Market Challenges

Dependency on the Speed of Internet and Slow Penetration

Even though IPTV Cdn market is growing at a rapid phase, still the dependency of IPTV on internet creates major issues in the growth path of this market. IPTV uses internet in order to deliver the services and if the internet connection faces some connectivity issues then the IPTV services will experience time-delay, jitter or loss. In underdeveloped countries, internet connection is still a major issue, which can affect the growth of this technology. Apart from that, these products are not available everywhere which can hinder the growth of this market during the initial years of the forecast period. Hence, the dependency on the internet speed for every service and unavailability of this product that is causing the slow penetration of this technology will hamper the growth of this market during the forecast period 2021-2026.

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Internet Protocol Television (IPTV) CDN Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the IptvCdn Market. In 2020, the market of IptvCdn Market industry outlook has been fragmented by several companies. Iptv Cdn Market top 10 companies include Akamai Technologies, Inc., Alcatel-Lucent SAS, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson Corporation, Huawei Technologies Co., Ltd., Level 3 Communications Inc., Limelight Networks Inc., Verizon Communications, Inc., ZTE Corporation, among others.

Acquisitions/Technology Launches

In January 2021, Cogeco Connexion announced about the launch of its new IPTV services, which is a combination of internet and television.

In September 2020, Airtel launched its new product AirtelXstresm Bundle, which is combination of AirtelXstreamFiber with speeds upto 1 Gbps, unlimited data, android 4K TV box and the access to all the OTT platforms.

Key Takeaways

Residential end-user segment is analyzed to grow with a fastest growth during the forecast period, as this technology offers personalized, on demand video content along with various OTT services.

APAC is anticipated to witness the highest market growth during the forecast period 2021-2026, owing high penetration of digital payment methods.

The demand for IPTV Cdnis estimated to witness significant upsurge during the forecast period, owing to the growing demand for one-stop solution among the customers.

This market is consolidated with top market players including Akamai Technologies, Inc., Alcatel-Lucent SAS, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson Corporation and others.

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Software Defined Storage Market Forecast to Reach $40.7 Billion by 2026

The Software defined Storage Market is forecast to reach $40.7 billion by 2026, advancing at CAGR of 25.7% during 2021-2026. The rapid growth of unstructured data volumes along with capabilities like ease of management and increased security act as major drivers boosting the growth of software defined storage market. Adoption of Software define Storage (SDS) solutions help in optimizing data management and storage costs with improved flexibility and scalability compared to traditional storage, gaining its wide popularity among various end-use markets. The paradigm shift from traditional storage array towards modern storage system will be assisting its market growth in the long run. Software defined Storage can also be implemented via appliances over traditional storage area network. Rise of cloud infrastructures, hyper scale data centers, technological advances are set to propel the need for SDS solutions during the forecast period.

Software defined Storage Market Segment Analysis - By Usage

Data Backup and Disaster Recovery segment is set to grow with the highest CAGR of around 9.3% during 2021-2026. With high costs and requirement of administrative efforts, data backup using traditional storage methods have become outdated, thus gaining wider adoption for software defined storage solutions. Traditional storage involves the need for a range of data protection solutions including physical server backup tools, virtualization backup tools, cloud backup tools, and others contributing to a complex as well as expensive environment. Overcoming such data protection and storage silos alongside eliminating the need for accessing different tools for recovering files, disks, systems, or an entire site, have helped in creating a positive impact towards deployment of software defined storage (SDS) solutions offering increased flexibility. Moreover, SDS can manage all aspects of storage from a single interface, thus eradicating the need for separate data protection, backup, replication or disaster recovery solutions, adding to organization’s profit. Deployment of SDS solutions help organizations to migrate, protect and recover data irrespective of storage locations in onsite, offsite or cloud, serving as an integral part in its growth across various industries. Rise of cybercrimes, security breaches and others will also drive the need for SDS for data recovery and data backup applications in the coming time. In October 2020, Fungible Inc. announced about the launch of a high-performance, secure and scale-out data storage platform, Fungible Storage Cluster, FS1600 SDS. This was done to provide services like data durability, data security and data reduction through built-in security, linear scalability as well as improved end-to-end performance, further set to boost the growth for SDS solutions for data backup and disaster recovery in the long run.

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Software defined Storage Market Segment Analysis - By End Users

Banking, Financial Services & Insurance (BFSI) sector is analyzed to grow with the highest CAGR of around 11.5% in the global Software Defined Storage Market during the forecast period 2021-2026. Due to the requirement of reliable storage solutions with high security as well as high availability storage capabilities to scale up for serving demanding application areas across banking & financial sectors, the demand towards software defined storage (SDN) have been significantly growing. Adoption of SDS solutions help in conducting BFSI sector related activities with improved efficiency, such as handling massive amounts of data sets, limited access for encrypted files, faster data backup or recovery and others. With rise of digital transformation across BFSI, there is wider adoption of software-defined infrastructures or storage solutions as a part of helping global bank or financial institutions with faster data access, analysis and sharing within on-premises as well as in cloud, making it a prime factor contributing towards its significant market growth of software define storage in the long run. For instance, PayPal had reported total payment volume of about $247 billion with a growth of 38% during Q3 2020, signifying the strongest growth in its history. In February 2021, NTT Ltd. had revealed about its plans of strengthening IT infrastructures at one of the India’s premier banking institution through deployment of software-defined infrastructure solutions. With this, the company will be integrating a software-defined storage solution within existing private cloud of the bank with enhanced efficiencies in order to enable business agility as well as optimized resource allocation. Such factors are set to further advance the market growth forward across BFSI sector in the long run.

Software defined Storage Market Segment Analysis - Geography

North America region had dominated the global Software defined Storage Market in 2020 with a share of around 35%, attributing to factors like growing adoption of cloud services, shift towards advanced IT infrastructures and others. Rapid industrialization, growing adoption of cloud-based infrastructure along with R&D investments from key market vendors such as NetApp Inc., IBM Corporation, VMware Inc. and others can be considered as some of the major factors driving the market growth forward within this region. In October 2020, NetApp announced about the launch of SolidFire Enterprise SDS solution, along with enhancements for its ONTAP data management software. These updates were done to help organizations optimize performance and security, easily extend data management from on premises to cloud, reduce costs as well as consume hybrid cloud infrastructure as a service. However, APAC region is estimated to witness the fastest growth during the forecast period 2021-2026, owing to rise in number of online transactions, rising internet penetration, technological advances and so on. Moreover, with outbreak of Covid-19 pandemic, there has been significant rise in usage of mobile payment applications like Phone Pe, Google Pay, Paytm and others, accelerating the need for software defined infrastructures. According to Cisco Systems, APAC region is estimated to witness cloud traffic reach up to 3469 exabytes per year by 2021, making it the heaviest cloud region after North America. This rise in cloud traffic will eventually create need for handling large data amounts with optimum security, efficiency, data management and others, which in turn will propel the need for SDS solutions in the long run.

Software defined Storage Market Drivers

Rapid growth in unstructured data volumes

Increasing shift towards advanced technologies like artificial intelligence (AI), internet of things (IoT) have led to rise in volume of unstructured data gathered from various sensors, equipment and connected devices across various industry verticals. Since these enormous unstructured data volumes need to be stored and processed continuously, the need for a highly scalable and efficient unified data storage and management solution becomes highly essential. Explosive growth of unstructured data across various organizations have been impacting the adoption of software defined storage (SDS) solutions with capabilities like scale-out architecture, non-virtualization support, integration with cloud environments, high data performance speeds and so on. The State of Unstructured Data Management 2019 report by Igneous had revealed about the rise of unstructured data volumes with 23% annual growth, showing almost doubling of data every 40 months. Furthermore, shift towards digitalization or automation trends across various industries, have been also attributing towards the need for SDS solutions to improve reliability, efficiency as well as flexibility for handling machine generated unstructured data and ease out decision making processes.

Ease of management and Increased Security

Benefits such as ease of management and increased security act as one of the major factors driving the market growth of software defined storage (SDS). As SDS model offers ease of integration or management along with control of multiple storage locations simultaneously be it on premise or multi cloud platforms, they have emerged as a popular choice across varied end-use applications. Adoption of SDS solutions help in offering improved data visibility, tracking of utilization, storage infrastructure changes and others, making it a better alternative compared to traditional storage with increased data security and efficient data management capabilities. Moreover, SDS solutions help in improving operational speed owing to its capability of handling large data sets while maintaining limited access to the encrypted files, data backup and data recovery, ensuring better data protection. In April 2021, Upstox had revealed about suffering a massive data breach which exposed important data of its customers including Aadhaar, PAN as well as bank account numbers, mobile numbers and email addresses. Such breach incidents is set to drive the demand towards secured storage solutions like SDS solutions in the coming time.

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Software defined Storage Market Challenges

Lack of awareness and technical expertise

Lack of awareness and technical expertise towards implementation or deployment of Software defined Storage (SDS) infrastructures act as a major challenge impeding its market growth. Owing to deployment complexities, there is need for skilled workforce capable of handling power, sophistication as well as flexibility enabled by SDS solutions, thereby slowing down its adoptability across data storage applications. Due to lack of awareness, training and educating end-use customers defining the importance of using SDS solutions over traditional storage hinders the market growth. Moreover, the need for software defined storage vendors to work on offering enhanced software solutions capable of reducing less data theft risks, which occurs during cloud location storage becomes essential for raising confidence among end users towards adoption of SDS solutions.

Software defined Storage Market Landscape

Partnerships and acquisitions along with product developments are key strategies adopted by players in the Software defined Storage Market. Major players in the Software defined Storage Market include IBM Corporation, NetApp Inc., VMware Inc., Fujitsu Limited, Dell EMC Corporation, Huawei Technologies Co Ltd., Citrix Systems Inc., HPE(Hewlett Packard Enterprise), Scality, Western Digital Corporation.

Partnerships/Mergers/Acquisitions

In October 2020, IBM announced about the enrich protection for its software defined storage solutions, designed to support the expanding container and Kubernetes ecosystem, including RedHat OpenShift.

In May 2020, Fujitsu Limited had introduced a high- high-volume data management solution, named Fujitsu Storage ETERNUS DSP, mean for enterprises relying highly on vast data amounts. This solution was meant to offer flexible and rapid storage expansion, while minimizing management burden on running and installation costs throughout the system.

Key Takeaways

BFSI sector is analyzed to account as the fastest growing segment in the global Software defined Storage Market during 2021-2026, due to rising rate of cybercrimes, need for faster data access and others.

North America had accounted for the largest share in the global Software defined Storage Market in 2020, owing to adoption of cloud services, high R&D investments from market players and others.

The top 10 Companies in the Software-defined Storage market include IBM Corporation, NetApp Inc., VMware Inc., Fujitsu Limited, Dell EMC Corporation, Huawei Technologies Co Ltd., Citrix Systems Inc., HPE (Hewlett Packard Enterprise), Scality, Western Digital Corporation.

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Bismaleimide Monomer Market Size Forecast to Reach $131.2 Million by 2026

Bismaleimide Monomer market size is forecast to reach $131.2 million by 2026, after growing at a CAGR of 4.8% during 2021-2026. Bismaleimide Polymers are high-performance thermosetting polymers. Certain characteristics like its exceptional dimensional stability and high-temperature performance are driving its demand growth in the market especially in the Aerospace and Electrical & Electronic Industry. The most dominant monomers are M-Phenylene bismaleimide and 4,4'-bismaleimidodiphenylmethane which comes in the form of yellow crystalline powder that improves the heat resistance, reduces heat, improves adhesion of the rubber and tire cord, and vulcanized rubber modulus. Asia-Pacific is an industrial hub across the globe for numerous industries including electrical and electronics, aerospace, and automotive with China being a foremost emphasis. The aircraft parts and assembly manufacturing sector in the country is emerging at a rapid pace, with the presence of over 200 small aircraft part manufacturers. Such increasing demand for many end-users is likely to escalate the demand for Bismaleimide Monomer in the forecast period.

COVID-19 Impact

Covid-19 brought the world economy to its knees with a downfall in the growth to negative 4.4% in 2020. Foreign trade got severely impacted and with a long national level lockdown on place, supply and demand of non-essential goods and services vanished. The global Bismaleimide Monomer market has slowed down owing to a contraction in demand from most of the industries such as aerospace, automotive, electrical & electronics, constructions, and others due to the COVID-19 outbreak. In the aerospace and automotive industry demands for spare parts went down since less maintenance is currently required also airlines canceling orders for new aircraft and OEMs Airbus is directly or indirectly impacting the Bismaleimide Monomer market.

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Bismaleimide Monomer Market Segment Analysis - By Type

4,4'-bis(maleimido)diphenylmethane (BMI) held the largest share of 30% in the Bismaleimide Monomer Market in 2020.  BMI hoarding significant pull in the market, owing to the offering of outstanding mechanical properties, high electrical insulation, abrasion resistance, anti-aging and anti-chemical corrosion, radiation resistant, hardly volatile in high vacuum, and excellent adhesion resistance, humidity resistance and oil-free self-lubricity, a variety of polymer materials and new rubber excellence modifiers, but also as the coupling agent and a curing agent of the other polymer compound.

Bismaleimide Monomer Market Segment Analysis - By Application

Bismaleimide resins dominate the Bismaleimide Monomer Market for its share held of 32% in 2020. They exist in different forms like Clear Yellow Liquid, Yellow Crystalline Powder, Beige Powder, Amber Liquid. Bismaleimide polyimide resins are low-viscosity resin use as a reactive diluent for epoxy, provides excellent mechanical properties at ambient or elevated temperatures, high temperature properties for use in structural composites and adhesives. They are also used in high-temperature circuit boards, supplied at 60%-70% non-volatiles in methyl ethyl ketone and propylene glycol monomethyl ether. Shikoku Chemicals Corporation is engaged in research and development of new benzoxazine and Bismaleimide (BMI) which makes excellent heat-resistance copolymer.  Benzoxazine is a new type of thermosetting resin, which can improve the electrical and physical properties of its compound as an additive to other resins. Moreover, it is effective as the resin of composite materials.

Bismaleimide Monomer Market Segment Analysis - By End-Use Industry

Electrical & Electronics Industry held the largest share in the Bismaleimide Monomer Market with 7% growth forecast in 2021. Rise in demand for bismaleimide monomer-based composites in Electrical & Electronics industries is anticipated to drive the bismaleimide monomer market. The availability of raw materials, together with cheap labor, and comparatively low cost are driving the growth of the sector. Besides, these companies are rapidly digitizing their business to attain end-to-end integration of their operation. Overall production by the global electronics and IT industries is estimated marginally growth of 2% in 2020 due to strong computer sales driven by the COVID19-induced surge in telework, greater semiconductor demand as data centers were enhanced to deal with spiking telecommunications volume, and buoyant solution service sales responding to more sophisticated data utilization.

Bismaleimide Monomer Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the Bismaleimide Monomer Market in 2020 up to 37% followed by North America and Europe. Asia-Pacific region is one of the foremost consumers of Bismaleimide Monomer in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the rise in industrialization in countries such as China, Japan, and India. Foremost manufacturers are resoluted in Nanchang, Shanghai, Chengdu, Xi’an, Harbin, Shijiazhuang, and Shenyang. The Chinese aerospace policy signifies one of the broadest attempts to enter the top levels of aerospace expansion and production. China is expected to be the world’s largest single?country market for civil aircraft sales over the next 20 years. It is also the largest electronic production base for years now. Along with the escalating disposable income of the middle-class population, the demand for electronic products is estimated to grow in the forecast period.

Bismaleimide Monomer Market Drivers

Bismaleimide for Aerospace Structures

Bismaleimide have proven themselves in missile and space vehicle applications, where extremes of heat at launch can be followed by exposure to extreme cold in space. The market demands are high mostly because of their resistance to moisture absorption. The reduction of weight can be achieved by replacing metallic parts and fabrication costs can also be reduced by its effective processes.   For instance, the US Air Force F-22 fighter jet is the first use of BMI resins at an industrial scale is aeronautics. Among the 24% of thermoset composite materials, half is made of carbon fiber with bismaleimide resins. With further development of an autoclave cure cycle for carbon Bismaleimide components could greatly reduce up to 50% recurring manufacturing costs and overall tooling investment in making of aircraft airframe structure.

Bismaleimide has resistance to fatigue and lack of corrosion

Bismaleimide composite materials have desirable physical properties such as resistance to fatigue and lack of corrosion. Carbon fibers exhibit a negative longitudinal thermal expansion coefficient, whereas matrices usually exhibit a positive one. Adjusting the materials and the structure of the laminates, a nearly zero expansion coefficient can be obtained. This is particularly useful for spatial applications, where the range of temperatures of uses varies from -180?C to 160?C

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Bismaleimide Monomer Market Challenges

Limitations such as high melting points, high curing temperature and extreme brittleness

BMI resins hold outstanding thermal and oxidative stability, as well as electrical and mechanical properties and a comparatively low propensity for moisture absorption. However, BMI resins have some downsides, such as high melting points, high curing temperature and extreme brittleness. It is flame retardants for thermally resistant polymers under either a nitrogen or air atmosphere. And lastly, it provides a narrow temperature window for handling the temperature alteration between the melting point of bismaleimide monomer and its start point of curing reaction which requires only a solution processing method.

Low electrical conductivity

Bismaleimide Monomers has somewhat low electrical conductivity through the thickness of laminates in aeronautics. As a result, a lightning strike generating local electrical charges would highly damage the material. Generally, the low electrical conductivity arises with low thermal conductivity which is also a problem, most matrices having a limited range of compatible temperatures.

The emergence of COVID-19 pandemic

The emergence of COVID-19, which is declared a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. Currently the Bismaleimide Monomer Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.

Bismaleimide Monomer Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Bismaleimide Monomer Market. Major players in the Bismaleimide Monomer are Huntsman Corporation, Teijin Ltd, K-I Chemical Industry Co. Ltd., Monomer Polymer & Dajac Labs, LLC., MPI Chemie B.V., TCI EUROPE N.V., and Wiling New Materials Technology Co., Ltd, ABR Organics Limited, Cytec Industries Inc., Evonik Industries AG, and Honghu Shuangma Advanced Materials Tech Co., Ltd.

Acquisitions/Technology Launches

In October 28, 2020, Huntsman Corporation, had agreed to sell its India based Do-It-Yourself (DIY) consumer adhesives business, part of the Advanced Materials division, to Pidilite Industries Ltd. in an all-cash transaction valued at up to $285 million, excluding customary working capital and other adjustments. The deal also includes the trademark licence for the Middle East, Africa and ASEAN countries.

In May 2019 Teijin Ltd introduced a new prepreg composed of unidirectional carbon fiber tape with a bismaleimide (BMI) matrix resin, targeted toward aerospace engine components. This BMI prepreg offers a Tg of 280°C and compression after impact (CAI) of 220 MPa with an improved moldability and reduced cure time

Key Takeaways

The 4,4'-bismaleimidodiphenylmethane division holds a major share of the market. It is one of the main monomers used for manufacturing bismaleimide resins. De`mand for 4,4'-bismaleimidodiphenylmethane for the use in bismaleimide resins is anticipated to escalate in the next few years owing to their curing and polymerizing properties.

Bismaleimide (BMI) is as the manufacture of heat-resistant structural materials, the ideal resin matrix in a H grade or F grade electrical insulating materials, becoming more widely used in aviation, aerospace, electrical, electronics, computer, communication, locomotive railway, construction and other industrial fields.

And with the escalation in the rising demands of BMI from all the respective industries, it is certainly estimated that the growth will increase in the forecast period.

Asia Pacific dominates the Bismaleimide Monomer Industry owing to rapid increase in Aerospace and Electrical & Electronics.

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Liquid Silicone Rubber Market Size Forecast to Reach $3.7 Billion by 2026

Liquid Silicone Rubber market size is forecast to reach US$3.7 billion by 2026, after growing at a CAGR of 8.1% during 2021-2026. Liquid Silicone Rubber is a thermoset elastomer that has both, organic and inorganic characteristics. Injection Molding process is used to produce durable and pliable parts of Liquid Silicone Rubber in high volumes. Liquid Silicone Rubber being a thermosetting polymer has excellent properties- stability under extreme temperatures, flame retardancy, radiation resistance, chemical resistance, high insulation resistance, durability, high dielectric strength and good mechanical properties. These unique characteristics make Liquid Silicone Rubber highly valuable and versatile. Therefore, it has a broad spectrum of applications in various industries. Some of the prominent trends that the market is seeing are raising demand for greater safety and security. The Medical industry is witnessing a huge demand for disposable medical and healthcare devices. Liquid Silicone Rubber is extensively being utilized in this industry owing to its biocompatibility and non-toxic properties which thereby fuels the growth of the market. Furthermore, the food packaging industry is also expected to drive the Liquid Silicone Rubber market. Another major contributing factor to the market growth is the progress in 3D printing.

Liquid Silicone Rubber Market Segment Analysis – By Grade

Medical grade Liquid Silicone Rubber accounted for the largest share in the Liquid Silicone Rubber Market in 2020 and is growing at a CAGR of 9.2% during 2021-2026. Medical, healthcare and life science companies have stringent requirements – parts must adhere to increasingly tight tolerances and meet hygiene and safety regulations. Liquid Silicone Rubber being chemically inert, resistant over a wide range of substances, and bio-compatible, makes it an ideal choice for an extensive range of medical and healthcare devices. To produce certain medical and healthcare products, hygiene is critical and production should be done in a hygienic, environmentally controlled environment. Liquid Silicone Rubber processed by Injection Molding process is ideal as it produces high purity, transparent and inert Liquid Silicone Rubber. The ever-evolving and highly innovative nature of the medical industry makes it necessary to have a material like medical-grade silicone rubber to fabricate products ranging from tubing to health care devices. High-growth application areas such as prosthetics and medical devices, and expeditious growth of the global healthcare industry are the key factors driving the growth of the medical grade Liquid Silicone Rubber market.

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Liquid Silicone Rubber Market Segment Analysis – By Processing techniques

Liquid Silicone Rubber is processed exclusively by injection molding and then heat-cured. The Liquid Injection Molding process has gained a reputation as the preferred process among many manufacturers of rubber parts, because of its superior end-product quality and durability. This injection molding process facilitates high levels of automation, consistency and speed thus enables 24/7 production. Almost every industry- automotive, medical, electronics, food, defense, textile and others utilize the opportunities presented in the liquid injection molding process which contributes to the market growth.

Liquid Silicone Rubber Market Segment Analysis – By Curing systems

Raw Silicone Rubber has to be cured to be transformed into a thermoset elastomer. Platinum-catalyzed addition curing does not produce any odorous by-products. This makes it ideal for food contact applications. Some Platinum cured liquid silicone rubbers are certified skin safe. Hence used as implants and prosthetic devices. Due to its non-toxicity and bacterial resistance Liquid Silicone Rubber is widely used in baking molds, packaging equipment, knife holders, spatulas, ice trays, oven doors etc. The U.S. is one of the largest markets of consumer goods. The demand for environmentally safe and non-toxic kitchenware is driving the market for Liquid Silicone Rubber in the US. The addition curing segment generated the highest revenue of 41% in 2020.

Liquid Silicone Rubber Market Segment Analysis – By Application/End-Use Industry

The medical industry segment held the largest share in the liquid silicone market in 2020 and is growing at a CAGR of 9.2% during 2021-2026. Liquid Silicone Rubber is a perfect fit for medical applications because of its excellent biocompatibility, biodurability and non-allergenic. The hygienic quality of Liquid Silicone Rubber helps it to resist the growth of microbes. It is flexible and soft which ensure the comfort of the patient. Its main applications are catheters, tubes, gloves, dialysis filters, syringe stoppers, membranes, respiratory care (masks) handles of medical instruments, medical cables, medical textile coating and others. Because of these superior qualities liquid silicone rubber is slowly becoming the material of choice and is replacing latex. The outbreak of the pandemic and awareness about personal hygienic practices has accelerated the demand for medical gloves. With regulatory agencies such as the FDA banning the use of powdered disposable gloves for the medical industry and the ongoing trend of using latex-free products is expected to fuel the demand for alternative safe products. Thus, having a positive impact of the Liquid Silicone Rubber market. The demand for lightweight materials is also boosting the market making this a significant driver in the medical industry market.

Liquid Silicone Rubber Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the liquid Silicone Rubber market in 2020 up to 40%, owing to the growing electronics and manufacturing industries in the region using Liquid Silicone Rubber. Another factor contributing to the growth of the Liquid Silicone Rubber market in this area is the increased use in automotive LED and spare parts which in turn influences market growth of Liquid Silicone Rubber. There has been a lot of key developments in the Electronics industry in India. In April 2021, Japanese electronics brand, AIWA, relaunched with five products in the TWS (True Wireless Stereo) and audio segments at a total investment outlay of US$ 10 million for Phase-1 of operations in India. In February, 2021, Amazon announced that it will commence manufacturing of electronics products from India with Cloud Network Technology later in the year. The device manufacturing program will be able to produce ‘Fire TV Stick’ devices in large quantities every year. In December 2020, Lenovo announced its plan to start manufacturing tablets in India and expand its laptop manufacturing by ten-fold. All these developments boost the Liquid Silicone rubber market.

The European region also is a significant contributor in the Liquid Silicone Rubber market. For instance, Germany leads the advanced vehicle production in the world. With the growing awareness about the environment and climate change and the switch over to Electric Vehicles in Europe, there is an increased demand for Liquid Silicone Rubber to be equipped with sensors and automotive safety electronics. According to figures from the KBA federal motor transport authority, sales of fully-electric vehicles in Germany increased three-fold to 194,163 units in 2020. A total of 230,635 new passenger cars were registered in Germany, up 37 percent from May 2020.

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Liquid Silicone Rubber Market Drivers

Technological advancements in the Manufacturing industry

In the manufacturing industry Liquid Injection Molding is dominating the scene. Liquid Injection Molding is a manufacturing method that molds Liquid Silicone Rubber into different products. The benefits of using this method are vast- high volume production, automation, direct injection (no waste), short cycle time and efficient production of an array of products. Because of its high purity and precision it can be used in the medical and healthcare industry. Another major advantage of liquid injection molding is that this process imparts much more design freedom over the conventional injection molding process. The liquid silicone rubber industry is also witnessing many trends like micro molding and cleanroom molding. Micro molding is a specialized molding process that produces high-accuracy, and high-precision tiny parts that weigh less than 1 gram. The concept of clean room molding is due to the wide range of medical applications of Liquid Silicone Rubber, so there are specific hygiene requirements that require production in a controlled contaminant free environment. Technological advancements using Liquid Silicone Rubber with Liquid Injection Molding techniques show that there is a lot of scope for growth and innovation making it a growing global market.

Growth of Medical industry

With the pandemic ravaging almost all the countries of the world and other facts such as increase in geriatric population and increased awareness of hygiene there has been tremendous growth in the Medical industry. The major obstacle is producing high volumes of safely manufactured high precision products. That’s where Liquid Silicone Rubber comes into the picture. It can be used for things like respiratory devices and wearable medical devices without causing skin irritation. Liquid Silicone Rubber with its superior biocompatibility has turned out to be the material of choice for producing masks, gloves, medical instruments, medical cables, medical textile coating, tubes, catheters, syringe stoppers and host of other products. Hindustan Syringes and Medical Devices (HMD) is one of the top five syringe and needle manufacturers in the world as well as the leading manufacturer of Auto Disable (AD) syringes. HMD claims a 60% share for disposable syringes and a 70% share for disposable needles in the Indian market. HMD's major products are marketed in more than 90 countries. With the pandemic hitting hard there has been a huge demand for PPE. The World Health Organization (WHO) has estimated the requirement for 76 million examination gloves each month. According to Invest India, gloves have the highest share of sales revenues at 25%. As Liquid Silicone Rubber continues to replace latex there is tremendous scope for market growth. Thus, it is anticipated that with the flourishing medical industry, there will be a great demand which will subsequently drive the Liquid Silicone Rubber market growth during the forecast period.

Increasing use of Liquid Silicone Rubber 3D printing

3D Printing is a process that creates a 3-dimensional object by adding material layer by layer using digital information instead of molds and tools. Owing to its durability and flexibility Liquid Silicone Rubber finds use in 3D printing. 3D printing technology that makes use of Liquid Silicone Rubber offers unique benefits such as ability to manufacture customized parts, unique print on demand and rapid prototyping. The use of 3D printing technology incorporating Liquid Silicone Rubber will accelerate the growth of the market.

Flourishing Semiconductor industry

Since of late there has been tremendous growth in Semiconductor Industry. Trends such as Artificial Intelligence, Virtual Reality, machine learning, and high-performance computing drive the semiconductor manufacturing industry. According to Global System for Mobile Communications Association (GSMA) 4G will account for 57% of the global mobile customer base, by 2025. Smartphone and 4G adoption are rising in many high growth emerging markets. For example, in India, smartphone penetration is now approximately 70%, with 85% of these smartphones running on 4G networks. In the Semiconductor industry there is an increased demand for high tech seals and components with chemical resistance and to minimize particle contamination. The components for the semiconductor industry require the highest levels of cleanliness and the need for contaminate-free components is increasing. Liquid Silicone Rubber checks all the boxes and is apt to overcome these challenges. Liquid Silicone Rubber made by micro molding and clean room technology helps to improve the functioning of Semiconductors where it is used mainly for protecting, sealing and bonding purposes.

Liquid Silicone Rubber Market Challenges

Rigid government regulations

The measure by governments to control healthcare cost and lack of investment in product development are restricting the growth of the market to some extent. Stringent and time-consuming regulatory policies are the major challenges for the market. The stringent demands especially in the medical industry pose a set of developmental challenges. While soft thermoplastics like TPE duplicate some of its characteristics, nothing else offers Liquid Silicone Rubbers combination of biocompatibility; resistance to heat, cold, chemicals and UV light; durability; design flexibility; and moldability. There is also the production cost of Liquid Silicone rubber that’s higher than thermoplastics. But this can be offset by longevity and high quality of the products as Liquid Silicone Rubber is a thermosetting polymer. Though it can be more expensive per pound, LSR offers higher product performance than any other rubber on the market. But some manufactures skimp out on quality to save costs. Such factors are a challenge to the Liquid Silicone Rubber market.

Liquid Silicone Rubber Market Landscape

Technological advancements, product innovation and R&D activities are key strategies adopted by players in the Liquid Silicone Rubber market. Liquid Silicone Rubber market top companies are The Dow Chemical Company, Wacker Chemie, Shin-Etsu Chemical, Nusil Technology LLC, KCC Corporation, Zhejiang Xinan Chemical Industrial Group Co., Simtec Silicone Parts, Momentive Performance Materials Inc., Simtec Silicone Parts, Stockwell Elastomerics Inc. and Laur Silicone.

Acquisitions/Technology Launches

In January 2019, Danish shoe designer ECCO and Dow collaborated to introduce QUANT-U footwear. ECCO’s QUANT-U footwear employs a breakthrough 3D-printable liquid silicone rubber from Dow to produce silicone midsoles customized to the wearer’s foot shape and natural movements.

Key Takeaways

Asia-Pacific dominates the Liquid Silicone Rubber market, owing to the electrical & electronics manufacturing industry in the region using Liquid Silicone Rubber. According to Invest India, the domestic electronics market in India to attain US$400 billion by 2025.

The adoption of liquid silicone rubber as a cost-effective alternative to traditional rubbers is seen as a breakthrough for market growth.

Increasing investment of medical technology companies is expected to boost the growth of medical industry. One of the biggest end-users of the Liquid Silicone Rubber Market are medical devices. Thus, in this industry there is a high demand for Liquid Silicone Rubber.

The major opportunity for this market is high research spending and innovative technologies. With the rising dominance of 3D printing, Artificial Intelligence, Virtual Reality and Internet of Things the demand for the use of Liquid Silicone Rubber in advance consumer products is skyrocketing.

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Wood Based Panel Market Size Forecast to Reach $224.8 Billion by 2026

Wood Based Panel market size is forecast to reach US$224.8 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. The Wood Based Panel products are flat, sometimes curved, sheets made from wood-based materials that are bonded together with synthetic adhesives such as urea-formaldehyde adhesives, and phenol-formaldehyde resins. Low product cost coupled with superior properties including strength and durability is the key factor driving the demand for wood-based panels for ceiling, cladding, roofing, flooring and furniture applications. The market is witnessing an increase in demand, due to the construction industry's growth, where the product finds extensive applications. The latest trends, such as lightweight wood products and furniture and innovations in the surfacing technology to apply coating materials, are expected to drive the Wood Based Panel market substantially during the forecast period.

COVID-19 Impact

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Respondents from all segments of the wood value chain saw digital technology adoption as the most important metric in a medium- to long-term recovery strategy. Other measures include increased resource efficiency, worker inclusion in social protection and  health care facilities, labor-saving technology, and industrial certification. The intensity of impact were not homogeneous, with one sector (pulp and paper) reporting a positive impact. Although it is too soon to assess the long-term impact of response measures, the wood sector may emerge from the crisis.

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Wood Based Panel Market Segment Analysis – By Type

The Particle wood segment held the largest share of 33%in the Wood Based Panel market in 2020. Particle Board is a composite panel product consisting of cellulosic particles of various sizes that are bonded together with synthetic adhesives under heat and pressure. Particle Board has excellent machining characteristics, which is important when post-forming high pressure laminate countertops. Particle Board is used extensively in residential kitchens, playing a role in cabinets, shelving, countertops and floor underlayment. The American National Standard for Particleboard (ANSI A208.1) is the North American industry voluntary standard that classifies particle Board by physical, mechanical and dimensional characteristics as well as formaldehyde levels. Particle Boards are lightweight, require no nails, and can be shipped or stored in only about 25 percent of the space required for standard lumber pallets. Due to this a number of opportunities are developing in shipping and packaging application.Thus,wood based panel Market will potentially grow in the forecast period.  

Wood Based Panel Market Segment Analysis – By Application

Furniture segment held the largest share in the Wood Based Panel market in 2020 and is growing at a CAGR of 6.8% during 2021-2026. Furniture made from Particle Board and Medium Density Fibre (MDF) are  moderate density fiberboard, so its raw materials and processing costs are not low, and the furniture price is relatively moderate. It meets the consumption requirements of various consumer classes. Hardwoods are commonly used in the construction of walls, ceilings and floors, while softwoods are often used to make doors, furniture and window frames. Plywood has a huge range of application within the construction industry. Some of its most common uses are, external walls formwork, or a mould for wet concrete furniture, cupboards, kitchen cabinets, and office tables, for packaging light doors and shutters. Plywood as a building material is formed into large sheets and also be curved for use in ceilings, aircraft, or ship building.

Wood Based Panel Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the Wood Based Panel market in 2020 up to 42%, owing to the huge demand for furniture, and construction industries due to vast population in the region. According to FAO’s (Food and Agriculture Organization of United Nations) forest product statistics, Asia-Pacific region accounted for 61 percent of global production in 2018 (248 million m³), followed by Europe (90 million m³, or 22 percent), Northern America (48 million m³, or 12 percent).Two regions Europe and Asia Pacific dominated international trade in wood-based panels, and together accounted for 71 percent of all imports and 82 percent of exports in 2018. Among panels, OSB and particle board had the fastest growth in production, increasing by 25 percent and 13 percent respectively over the period from 2014 to 2018. Most of this growth for both products occurred in Eastern Europe including the Russian Federation. Thus a significant growth can be predicted owing to the statistics in the Wood Based Panel Market.

Wood Based Panel Market Drivers

Increasing demand for sustainable furniture :

As housing conditions continue to improve in China, people are spending money on home decoration. In 2019, per capita disposable income grew 8.9%. This increased purchasing power has helped the furniture market to expand significantly. According the National Bureau of Statistics, the income of furniture manufacturers grew 1.5% to RMB711.72 billion (US$103.02 billion) in 2019, while total profits grew 10.8% to RMB46.27 billion (US$6.69 billion).Rosewood is a quality hardwood, and furniture made of such material is highly regarded. Mahogany is the most popular type of rosewood. This industry is booming, due to the rising demand of eco friendly furniture globally.

Potential of Wood framed construction Industry:

The long-term fundamentals supporting Chinese wood demand remain positive. The strong urbanization trend remains the core driver requiring an additional 7-8 million new homes needed by 2020.According to Margules Groome Publication, Another 50 million new homes are needed by 2030 as the Chinese government seeks to reach a 60% urbanization rate by 2020 and 70% by 2030. GDP per capita is at 6.9%/annum,­ increasing spending capacity and demand for larger, better quality housing. Currently, wood frame construction represents a minor segment of the Chinese residential construction industry at less than 0.05%.

Notably, several wooden building demonstration projects have been developed as the growth potential of this market is now recognized. For example, proof of concept construction projects such as the recent proposal by Dingchi Wood Industry Co. Ltd, shows that a six story wooden building is to be finalized later this year. When finished, it will be the tallest contemporary wooden frame building in China. Even though timber construction is still at the initial development stage, Chinese demand for structural timber as well as engineered wood products has significant potential for growth.

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Wood Based Panel Market Challenges

Higher Price of Raw Materials:

The rapid increases in the cost of petroleum-based fuels and products continue to affect the production and marketing of wood-based panel products. It has raised the cost of raw materials and transport, and led to higher rates of inflation. Costs of energy-intensive plastic, metal, and fibreglass substitutes are improving the relative price competitiveness of wood-based panels.

Health hazards due to adhesives in Wood based Panel :

There has been concerns recently about formaldehyde emissions and health effects, particularly when urea-formaldehyde resins are used in particle board and medium-density fiberboard. Technological improvements in both resin manufacture and application are expected to continue to reduce the problem of free-formaldehyde in panels utilizing these binders.

Wood Based Panel Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wood Based Panel market. Wood Based Panel Market top companies are Kronospan, Arauco, Daiken New Zealand, Duratex, Georgia-Pacific, Masisa, Swiss Krono Group, Norbord, Louisiana-Pacific, Weyerhaeuser, Egger, Sonae Industria, Pfleiderer, Kastamonu Entegre, Swedspan, Langboard, Finsa, Tolko, Arbec, West Fraser, GVK Novopan Industries, Sahachai Particle Board, Siam Riso Wood Products, Daya, Furen, Sengong, Jianfeng, Shengda, Fenglin, Weihua.

Acquisitions/Technology Launches

In June 2021,Metro Ply Group and Siempelkamp have signed a contract for the supply of a new particleboard plant with Generation 9 ContiRoll in the 8ft x 40.4m format to the Metro site in Surat Thani.

On 1st June 2021,Lubricant leader Metalube partners with Plastic Vision on wood-based panels sector to market a range of fully synthetic, high-temperature chain oils created for wood-based panel presses.

Key Takeaways

Asia Pacific dominates the Wood Based Panel market, owing to the growing uses of wooden panels in construction activities, furniture, in countries such as China, India, and Japan.

According to FAO’s forest product statistics in 2018, global Wood Based Panel production reached 408 million m³, a 1 percent increase over the previous year (404 million m³) and a 9 percent increase over the observed period. Wood-based panels is the product category that saw fast growth in production, owing to the rapid and consistent growth in the Asia-Pacific region

While the economically mature markets of the U.S., Canada, and Western Europe are expected to have a modest pace of housing starts, the fastest growing Asian countries such as China, India, Indonesia, Vietnam are expected to continue growth due to rising urbanization and disposable incomes.

Technological advancements and innovation, along with the increasing efficiency in repair, manufacturing, and renovation activities, will further energize the growth of the market.

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Polymeric and Inorganic Fibers Market Size Forecast to Reach $127.6 Billion by 2026

Polymeric and inorganic fibers market size is forecast to reach US$127.6 billion by 2026, after growing at a CAGR of 7.1% during 2021-2026. Inorganic fibers are gaining importance in end-use industries. These fibers are manufactured from the material available in the earth's crust such as glass, metal, carbon, and ceramics among others. Inorganic fibers are fibers made from inorganic materials such as amorphous fiber, wollastonite, and monocrystalline fiber. Inorganic fibers have more resistance, more rigid, higher melting point, and heat resistant compared to traditional fibers. The growing demand from various end-use industries including, automotive, aerospace, marine, textile, medical, and electronics & electrical among others are driving the market growth during the forecast period 2021-2026. The growing demand from the automotive industry along with the rising need for lightweight components in automotive production is propelling the market growth. The growing commercial aviation in developed regions is supporting the market growth during the forecast period. The rapid growth in medical along with the growing production of medical equipment globally is one of the major factors driving the market growth for polymeric and inorganic fibers during the forecast period. However, growing environmental concerns and the high cost of polymeric and inorganic fibers are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the fiber industry. The temporary shutdown of inorganic fiber manufacturing facilities has negatively impacted the market. The downfall in the production of fibers, disruption of logistical services, and lack of workforce impacted the market negatively during the covid-19 crises. Travel restrictions have reduced the supply of raw materials required for the manufacturing of polymeric and inorganic fibers, which, in turn, has affected negatively the market growth during the pandemic.

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Polymeric and Inorganic Fibers Market Segment Analysis - By Type

The inorganic fibers segment is expected to hold the largest market share in the global polymeric and inorganic fibers market during the forecast period. The carbon fibers segment of inorganic fibers type accounted for approximately 30% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. Carbon fibers are widely used in aerospace & defense, automotive, sports & recreation, and wind energy industries due to their high strength modulus property. Carbon fibers are also cost-effective and possess high tensile strength compared to other types. The polymeric fiber segment is expected to grow at a high CAGR of 7.5% during the forecast period. The growing demand and usage of synthetic fibers are driving the market growth for the polymeric fibers segment.

Polymeric and Inorganic Fibers Market Segment Analysis – By Application

Polymeric and inorganic fibers are used for manufacturing garments, automotive and aerospace components, medical devices, and others. The garments segment is expected to hold a significant market share and is estimated to grow significantly during the forecast period. The growing demand for high-strength fibers in garments is driving the market growth. These fibers are used for manufacturing sports garments, fire safety garments, and waterproof garments among others. The helmets segment also holds a significant share and is expected to grow at a CAGR of 6.9% during the forecast period. The growing number of bike accidents and government regulation on helmet usage is supporting the market growth for the helmets segment.

Polymeric and Inorganic Fibers Market Segment Analysis – By End-use Industry

The aerospace and automotive segment accounted for more than 32% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Automobile components such as brake pads, engine compartment, and gasket lining among others contain polymeric & inorganic fibers, including carbon fiber, and ceramic. The growing production of passenger cars in developing nation are driving the market growth during the forecast period. The growing usage of fuel-efficient vehicles and lightweight vehicles are supporting the market for polymeric & inorganic fibers between 2021-2026. The growing globalization of companies along with international trade activities are driving the market growth for aerospace and marine segments. The wind-energy segment is expected to grow at a significant growth rate between 2021-2026.  The growing demand for renewable energy production in developed and developing nations is boosting the market growth. Major players operating in the wind energy segment are using these fibers composites for the production of wind blade structural components.

Polymeric and Inorganic Fibers Market Segment Analysis - By Geography

North America region held the largest share in the polymeric and inorganic fibers market in 2020 up to 41%, owing to the presence of multiple end-users in the region. The presence of developed nations such as the USA, and Canada is driving the market growth in the region. The presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations is driving regional growth. According to the data published by OICA, the North American region produced approximately 13.37 million vehicles in 2020. The European region is expected to register a significant growth rate during the forecast period (2021-2026). The presence of leading automobile manufacturers such as BMW, Benz, DAF, Daimler AG, Fiat, and Bentley among others are driving the regional growth during the forecast period.

Polymeric and Inorganic Fibers Market Drivers:

Growing automotive and aerospace industry

Growth in the commercial aviation sector along with the expansion of fleet lines are driving the market demand. Polymeric and inorganic fibers are widely used in manufacturing Wings, tires, and gasket lining for aircraft. According to Airbus, North America ordered more than 2,500 commercial aircraft for domestic and international passenger services. They also mention North American carriers will require approximately 5,600 additional aircraft in the coming decades. According to the data published by Federal Aviation Administration (FAA), In 2020 the United States aviation industry contributed 5.2% to the country's GDP. The administration also stated that the country generated approximately US$488 billion in revenue from the aviation industry. According to the data published by ACEA, approximately 18.5 million motor vehicles were produced in the European Union in 2019. They also mentioned about 10.8 million passenger cars are produced in the European Union in 2020. According to the data published by OICA, India produced more than 3.3 million vehicles in 2020.

Growing demand for wind energy

The companies involved in wind energy are using carbon fibers and glass fibers-based composites for manufacturing rotary blades to increase performance efficiency, service life, and rotor dynamics. According to the data published by U.S. Energy Information Administration, in 2020, about 338 billion kilowatt-hours (kWh) of electricity were generated by wind, which occupies about 8.4% of total energy production. According to the US Energy Department, new wind projects account for US$10 billion of annual investments. The organization also mentioned there are 180 onshore and 17 offshore wind projects in the USA. Based on the data published by Wind Europe Organization, Europe installed about 14.7 GW of new wind capacity in 2020. Europe is also planning to install around 105 GW of new wind energy capacity over the next five years.

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Polymeric and Inorganic Fibers Market Challenges:

High cost of polymeric and inorganic fibers

The high cost of polymer and inorganic fiber is one of the major concerns associated with its growth. These fibers are still not used in large applications due to their high cost. The fibers such as carbon, and ceramic fibers are very expensive.  Carbon fiber is currently used in only high-end and racing cars due to its high cost. However, companies are also focusing on manufacturing low-cost fibers to meet the market demand.

Polymeric and Inorganic Fibers Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polymeric and Inorganic Fibers market. Major players in the Polymeric and Inorganic Fibers market are American Fiberglass Rebar, American Grating, LLC., Engineered Composites Ltd, B&B FRP Manufacturing INC.; TUF-BAR; FRP Composites Inc.; Ten Cate NV; Zoltek Companies, Inc.; Hyosung Corporation; Mitsubishi Rayon Co., Ltd.; SGL Group; DowAksa, Teijin and others

Acquisitions/Technology Launches

In June 2021, Teijin company announced that its Tenax™ carbon fiber prepreg is adopted by Airbus to manufacturing nacelle parts for its next-generation aircraft engine. The product Tenax™ prepreg can be molded at a lower temperature and in a shorter time than conventional prepregs for aircraft applications.

In April 2020, The BMW Group selected the SGL group to produce a glass fiber-based cover plate used on battery enclosures for future plug-in hybrid vehicle models. The company also supplied carbon fibers, textiles, and stacks for the BMW iNEXT model.

Key Takeaways

The Asia Pacific is expected to register the highest CAGR of 8.1% during the forecast period (2021-2026).  Changing lifestyles, increasing consumer spending, emerging economies, and rapid population growth are the major factors driving the market growth.

Inorganic fibers are also known as high-performance fibers or super-fibers. They have superior characteristics and properties that differ from other non-natural fibers.

The manufacturers are involved in developing advanced fibers for different end-use industries. Investments in research and developments to enhance the capabilities of polymeric and inorganic fibers are supporting the market growth.

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Chilled Beam System Market Size Forecast to Reach $317 Million by 2026

The market for Chilled Beam System Market is forecast to reach $317 Million by 2026, growing at a CAGR of 7.9% from 2021 to 2026. The chilled beam system market is estimated to witness substantial growth over the forecast period primarily due to increasing need for energy savings along with benefits offered by chilled ceilings, beam systems such as thermal comfort, improved air quality that is expected to drive the chilled beam system market during the forecast period. Chilled beam system is a type of convection HVAC system designed to heat and cool large buildings. The benefits of chilled beam systems increase in occupant comfort over traditional systems, energy efficiency and space adaptability. Today, chilled beams are one of the most common HVAC systems installed in Europe and from the last decade the technology has begun to catch in various regions especially North America, gaining more popular technology.

Chilled Beam System Market Segment Analysis - By Design

The market by design has been segmented into Active, Passive and Multi-service chilled beam. Active chilled beams are used when sensible cooling, heating and ventilation air is required. It is being used in classrooms, private and public office buildings, meeting facilities, healthcare facilities and other environments. Passive chilled beams are a good solution to provide sensible cooling in labs and other spaces where processes and people generate high heat loads, especially those that are sensitive to changes in pressure or ventilation and require no additional airflow.

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Chilled Beam System Market Segment Analysis – By Application

The market by application has been segmented into commercial office, educational institution, hotels, schools, hospitals, government institution and others. Using chilled beams in commercial office spaces improves energy efficiency through significant reductions in fan power and reheat requirements. It helps in low noise levels and thermal comfort and high air quality are critical design criteria for schools and all educational institutions. Hospitals are unique applications requiring a minimum number of air changes per hour which chilled beams can be utilized to maximize the effect of the treated outdoor air by inducing the room through chilled beams to satisfy the air change requirements. It can also be designed to ensure a high level of occupant comfort in terms of noise, velocity and temperature which helps in patient wellbeing.

Chilled Beam System Market Segment Analysis – By Geography

Global chilled beam system market is dominated by North-America region and is estimated to grow at a highest CAGR of 16.35% during the forecast period 2021-2026. The increasing commercial floor space along with the need for energy efficient equipment is expected to increase the market for chilled beam systems in North-America. The market for chilled beam technology in this region is in boom which is replacing the traditional systems such as air volume systems and fan coil units. On the other hand chilled beams in Europe have become prevalent in the Europe commercial spaces and are gaining popularity in other end-user applications such as laboratories, healthcare facilities and retail stores.

Chilled Beam System Market Drivers

Benefits of chilled beam systems over traditional HVAC systems driving market growth

Advanced chilled beams have many advantages over traditional HVAC systems. Traditional systems involve mixing return air with outdoor air handling the total supply air volume and sensible capacity at the air handling unit. Unlike them chilled beam systems handle return air and sensible load within the space, reducing the total volume of supply air and shifting partial loads from the unit to the space which results in large decrease in the amount of ductwork required. Operation and maintenance of chilled beam systems is very simple, reliable and far less likely to require maintenance or replacement parts. Such advantages over traditional systems driving the market growth of chilled beam systems.

Growing adoption of Multi-Service Chilled Beam System driving the market growth

Multi service chilled beam offers an alternative to suspended ceilings for ventilation, cooling, and heating which fulfils most needs for indoor climate. It incorporates building functions into its design such as lighting, sound devices, fire sprinklers, motion detectors and various other options. These chilled beams provide very economic cooling, modern lighting with variety of other services such as sprinkler systems, public address systems, smoke detectors, voice and data cables. Canada is one of the fastest growing markets in multi-service chilled beams and it is expected to be driven by use of products in commercial offices and hotels and other applications.

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Chilled Beam System Market Challenges

Rick of water leaks and high installation cost

Water leaks and high installation cost are one of the challenging factors of chilled beam systems. Piping and control valves must be installed to distribute chilled water to multiple beams in every space of the building as chilled beams are water-based systems which increases the risk of water leaks due to the increased pipe line connections. On the other hand chilled beam solutions have a higher installation costs associated with them due to which the capacity of the chilled beam is lower which leads to requirement of more chilled beams to cover large area and additional piping and control valves must be installed for each chilled beam which increases the installation cost.

Chilled Beam System Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Chilled Beam System market. The Chilled Beam System market is dominated by major companies which include Climate Technologies, FlaktGroup Holding GmbH, FTF Group, Halton Group, Lindab, Price Industries, Swegon Group AB, Systemair AB, TROX GmbH, and Johnson Controls International plc.

Key Takeaways

Increasing need for energy savings along with benefits offered by chilled beam systems such as thermal comfort, improved air quality are expected to drive the chilled beam system market

Chilled beam systems provide comfort features such as guest room air heating and cooling control, adjustment of individual room temperature set-point and reduced airflow which makes chilled beam system

North-America is expected to grow at the highest CAGR during the forecast period. It is due to increase in commercial floor space along with need for energy efficient equipment is expected to increase the market growth in this region.

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Borage Oil Market Size Estimated to Reach $60.6 Million by 2026

Borage Oil Market size is estimated to reach $60.6 million by 2026, growing at a CAGR of 4.4% during the forecast period 2021-2026. Borage oil is naturally extracted from a wildflower called borage or starflower, which belongs to the Boraginaceae family. Borage seed oil contains high concentrations of gamma linolenic acid, omega-6 fatty acid, and possibly small amounts of pyrrolizidine alkaloids. The oil is mainly derived from the seeds of the flower and is known for its nutritional value, anti-inflammatory properties, and health benefits. Owing to its anti-inflammatory and antioxidant properties, the oil is widely used in the production of cosmetics for various applications including skincare, hair treatment, and anti-aging purposes. Borage oil is prized for its high gamma linolenic acid (GLA) content. Besides, increased uses of borage oil in personal care and the cosmetic industry, an increase in the number of spa and massage centers are the factors that are set to drive the growth of the Borage Oil Market for the period 2021-2026.

Borage Oil Market Segment Analysis-By Application

The Borage Oil Market based on the Application can be further segmented into Cosmetics, Food and Beverages, Pharmaceuticals, and Others. The Pharmaceuticals segment held the largest share in 2020 owing to the proven benefits in treatments for various ailments which include stress, depression, hormonal problems, pneumonia, treatments for bronchitis, cold, nervous system function, and others. The growing focus to produce borage oil that is certified free of toxic unsaturated pyrrolizidine alkaloids is driving the growth of the Borage Oil Market. The Cosmetics segment is estimated to be the fastest-growing segment with a CAGR of 5.3% over the period 2021-2026. The growth is owing to its popularity in cosmetic aromatherapy. Moreover, the increasing demand for herbal or natural cosmetics is driving the demand for borage oil in the cosmetic industry.

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Borage Oil Market Segment Analysis-By Distribution Channel

The Borage Oil Market based on the Distribution Channel can be further segmented into Offline and Online. The Online segment held the largest share in 2020. The growth is owing to the wide range of availability coupled with the change in buying behavior of consumers and the door-to-door delivery of online retailers by serving even in remote parts of the cities. The easy availability of various products in online channels is driving the growth of the Borage Oil Market. The Offline segment is estimated to be the fastest-growing segment with a CAGR of 4.9% over the period 2021-2026. This is owing to the merchandising in supermarkets and other retail stores along with offers like bulk discounts.

Borage Oil Market Segment Analysis-By Geography

The Borage Oil Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Asia-Pacific held the largest share in 2020 with 31% of the overall market. The growth is owing to the increase in the use of nutritional supplements and functional food additive products and the growing demand for biotech cosmetic products in the countries of the region. The rise in awareness about the anti-inflammatory properties of borage oil is driving the growth of the Borage Oil Market. North America is estimated to be the fastest-growing segment over the period 2021-2026 owing to the increasing usage of borage oil in nutraceutical, pharmaceutical production in the region. Moreover, ongoing efforts by research institutions to determine the medicinal potential of borage oil are estimated to increase overall consumption levels in the region.

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Borage Oil Market Drivers

Increasing Demand for Borage Oil in Pharmaceutical Industry

The anti-inflammatory properties of borage oil are driving the demand in pharmaceuticals. Borage oil is a type of dietary supplement that contains a large amount of essential fatty acids that help regulate the immune system in the human body as well as fight arthritis. It has been found that borage seed oil relieves the symptoms of rheumatoid arthritis. When taken orally, borage oil is used to treat short and long-term conditions including stress, menstrual symptoms, hormonal imbalance, diabetes, and rheumatoid arthritis pain. It has also been used to reduce inflammation, menopausal symptoms and stimulate breast milk production.

Benefits Associated with Borage Oil

The presence of gamma linolenic acid in borage oil helps in maintaining brain function, skeletal health, reproductive health, and metabolism. The rising cases of inflammatory diseases, growing awareness among the people regarding health and beauty, the increasing importance of borage oil across the world are the factors driving the market growth. The various functions of borage oil such as tonic, hair revitalizer, anti-bacterial, anti-fungal, appetizer, and others have increased the demand for borage oil. It is considered an essential oil with a lot of benefits for the skin and body, and the demand for personal care and cosmetics, which is estimated to drive the market growth during the forecast period 2021-2026.

Borage Oil Market Challenges

Fluctuation in Raw Material Supply and Prices

Borage seeds are typically grown in higher latitudes to increase gamma linolenic acid content. Most processing companies require at least 22% gamma linolenic acid, which is not easy to obtain at latitudes below 38° is restraining the market. However, there is a high risk of crop failure owing to early, unpredictable weather. Therefore, borage seed production ranges from 500 to 2000 tons per year, and prices fluctuate between US $2.5 to US $4 per kilogram. These high fluctuations in raw material supply along with price changes are estimated to be a major factor restricting market growth. Besides the anti-inflammatory properties, the borage oil also containing hepatotoxic pyrrolizidine alkaloids (PA) is harmful and responsible for liver disorders, which is estimated to impede the growth of the global market for Borage Oil.

Borage Oil Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Borage Oil Market. Key companies of this market are Nature’s Way, Connoils LLC., Now Foods, NutriPlex Formulas, Desert Whale Jojoba Co., Deve Herbs, Aromex Industries, Nordic Naturals, Spring Valley Herbs, and Green Life U.K. among others.

Key Takeaways

Geographically, Asia-Pacific Borage Oil Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the increase in the use of nutritional supplements and functional food additive products.

The growing focus to produce borage oil that is certified free of toxic unsaturated pyrrolizidine alkaloids to enhance its benefits is driving the Pharmaceuticals segment growth. However, fluctuation in raw material supply and prices is one of the major factors that is said to reduce the growth of the Borage Oil Market.

Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Borage Oil Market report.

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Optocouplers Market Size Forecast to Reach $4.3 Billion by 2026

Optocouplers Market Size is forecast to reach $4.3 billion by 2026, at a CAGR of 8.5% during 2021-2026. Optocouplers are also called opto-isolators which physically isolates high voltage circuit systems from neighboring low-voltage systems and hence isolates the unwanted signals. Optocouplers are widely used in military, navy and aerospace space as it provides new isolation technologies giving rise to hermatic, extreme operation temperature and others. Optocouplers are widely used in phototransistors which are further used in most demanding applications such as smart buildings for ambient light sensing and street light sensing as they ensure signal isolation. Automatic street light circuits, simple fire alarm and others are equipped with the light dependent resistors which are using optocouplers which consist of an LED that produces infra-red light and a semiconductor photo-sensitive device and is used to detect the emitted infra-red beam. Moreover, optocouplers are used in galvanic isolation which are majorly used in automotive applications to prevent the triggering of dangerous ground loops. The rising penetration of image sensors and energy-efficient LEDs and the smart grids and smart meter along with the shift in global automotive toward electric and connected vehicles also given rise to the extensive development of the optocouplers market.

Optocouplers Market Segment Analysis - By Product Type

IC output optocouplers segment held significant market share of 33.29% in 2020, owing to the growing need for energy efficient devices worldwide along with the rising consumer electronics market. According to Intelligence Node, the number of smartphone users in United States crossed 260 million in April 2020, and smartphone shipments reached $161 million in 2019. This upsurge in usage of electronics devices and growth in consumer electronics industry have driven the demand for optocouplers. Moreover, these are finding their applications in automotive sectors as these are used for galvanic isolation along with the semiconductor industry where these are used as phototransistor and light dependent resistors. The government of United Kingdom funded $5 billion for the rural areas in 2020. It is an fiber investment to enhance the communication channels in the rural areas of the U.K. as the demand for fast internet has increased along with the surge in smartphone, laptops users. In addition, the rapid increase in the consumer electronics market and growing technological adoption in emerging economies such as China and India will enhance regional growth in the forecast period 2020-2026.

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Optocouplers Market Segment Analysis - By End Users

Consumer Electronics is expected to witness a highest CAGR of 9.15% during the forecast period. In the recent years, the consumers are increasingly concerned about long term growth in personnel wealth resulting in demand for consumer electronics as the consumers are using smart phones, television, personal computer. The surging demand for adopting gaming devices along with policy adopted by numerous businesses called Bring Your Own Devices (BYOD) are driving the growth of the market. Business laptops have enhanced connectivity options and with the increase in foreign direct investment in retail and e-commerce have boosted the market. In addition, growth of laptops, tablets and other electronic gadgets largely for business needs, work from home scenario, online classes, and gaming sectors are accelerating the market growth. Hence these factors are analyzed to drive the Optocouplers Market Size in the forecast period 2021-2026.

Optocouplers Market Segment Analysis - By Geography

APAC region is dominating optocouplers Market growth. This region held significant market share of 31.22% in 2020. Asia-Pacific is one of the most significant regions for the optocouplers market, mainly due to growth of semiconductor manufacturing along with the automotive sector. Also, the region is the largest producer of consumer electronics leading to the surge in smartphones, laptops uses. In 2020, the Chinese government raised around $23-30 billion to pay for the second phase of its National IC Investment Fund which has boosted the market growth as the optocouplers provides isolation between low and high voltage circuits in the ICs. The expansion of the consumer electronics industry throughout the region is bolstering the demand for optocouplers in the region. China is the hub of largest smartphone companies worldwide, posing tremendous opportunities for the optocouplers market. According to India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth $ 32.35 billion by 2025. Thus, the governments ongoing Make in India initiative is expected to result in investments in the Electronics and semiconductor industry in the country, further providing ample opportunities for the optocouplers market.

Optocouplers Market Drivers

Rise in demand for Electric Vehicles:

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2021, Ford Motor has committed to increase its investments in electric vehicles to $30 billion by 2025, up from a previous spend of $22 billion by 2023. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. As the optocouplers are high power converters due to which these are used to insulate high voltages and isolate unwanted signals. Moreover, increasingly used in powertrain systems to enhance their function and efficiency. Hence these investments are analyzed to drive the optocouplers industry in the forecast period 2021-2026.

Growth of the consumer electronics such as tablets, smartphones, laptops and others:

Optocouplers are used in laptops, tablets, smartphones and others as these consists of an LED that produces infra-red light and a semiconductor photo-sensitive device that is used to detect the emitted infra-red beam. Japan has been facing high market growth towards consumer electronics products in 2019, thus making it the third largest industry contributing towards its economy. Technological advancements towards advanced laptops, smartphones and others for high definition gaming are set to drive innovations in the field of consumer products have caused major players in the country to invest towards developing smart devices. Such growing advancements are expected to boost the market demands towards optocouplers market. The major industries accounting for the nation’s economy are automotive, electronics and Heathcare. In addition, the International Monetary Fund estimates the GDP growth forecast for Japan to be in the range of 1-1.5%, hence these capacity expansion are analysed to drive the Optoelectronics industry outlook in the forecast period 2021-2026.

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Optocouplers Market Challenges

Sales of Consumer Electronics Products declined post COVID-19 outbreak:

The sales of consumer electronics products such as desktops, smartphones and others declined post COVID-19 outbreak owing to low demand of products hindering the growth of the market. According to Mint, Worldwide PC shipments totaled 51.6 million units in the first quarter of 2020, a 12.3% decline from the first quarter of 2019, after three consecutive quarters of growth, the worldwide PC market experienced its sharpest decline since 2013 due to the COVID-19 outbreak which is set to negatively impact the procurement of optocouplers during the forecast period 2021-2026.

Optocouplers Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Optocouplers Market. Top players operative in Optocouplers Market are Broadcom, Inc., ON Semiconductor Corporation, Vishay Intertechnology, Inc., Senba Sensing Technology Co. Ltd., Isocom Components Ltd., Panasonic Corporation, Profit Golden Ltd.,  Renesas Electronics Corporation, Toshiba Electronic Devices & Storage Corporation, Shenzhen Kento Electronic Co. Ltd. among others.

Acquisitions/Product Launches

In September 2020, Toshiba Electronic Devices launched a new package of optocouplers for IGBTs and MOSFET grade named TLP5751H (LF4), TLP5752H (LF4) and TLP5754H (LF4).

In March 2020, Vishay Technology, Inc. launched automotive grade phototransistor named “VOMA618A” in a compact SOP- 4 mini flat-flat package to save energy and high reliability in automotive applications.

Key Takeaways

Asia-Pacific is one of the most significant regions for the optocouplers market, mainly due to growth of the automotive sector where optocouplers are majorly used in the powertrain systems.

Consumer Electronics sector is expected to witness a highest CAGR of 9.15% the forecast period, owing to various factors such as increase in sales of smart phones, laptops, tablets and others in countries such as India, China and so on.

Optoelectronics are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities of the semiconductor manufacturing equipment along with a vision to come up with solutions to cater to the changing requirements of customers.

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Silent Scan Technology Market Size Forecast to Reach $4.8 Billion by 2026

The Silent Scan Technology Market size is forecast to reach $4.8 billion by 2026, growing at a CAGR of 5.8% during the forecast period 2021-2026. Silent scan technology consists of various types of imaging modalities such as diagnostic imaging and magnetic resonance imaging systems that are used to get visual representations of the interior of a body. It includes various types of modalities that are used for imaging the human body. It is used for treatment of various diseases and human body for diagnosis. It plays an important role in health improvement. Technical advancements in silent scan technologies, increasing incidences of chronic diseases, and increasing number of medical imaging procedures in ambulatory surgical centres are the major factor driving the growth of the market. Increasing healthcare spending and increasing awareness for early diagnosis of clinical disorders are set to further enhance the overall market developments of the Silent Scan Technology Market for the period 2021-2026.

Silent Scan Technology Market Segment Analysis – By Technology

Diagnostic Imaging held the largest share in the Silent Scan Technology Market in 2020 and is estimated to grow at a CAGR 6.4% during the forecast period 2021-2026. This is owing to the increasing incidences of associated diseases and increasing technological advancements. Silent Scan technology use less changes in gradient excitation levels and is directly related to noise levels. Increasing demand for accurate and early diagnosis, and increasing adoption of CT scanners by hospitals is also increasing the growth of the segment. Several patients prefer efficient diagnostic imaging services. Patients wait for shorter period of time and have access to treatments using the latest technologies and more personalized service along with some other complimentary services. Diagnostic Imaging are estimated to register the higher CAGR

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Silent Scan Technology Market Segment Analysis – By End Users

Hospitals held the largest share in the Silent Scan Technology Market in 2020 and is estimated to grow at a CAGR 5.5% during the forecast period 2021-2026. This is attributed to the increasing demand for advanced imaging systems and silent scan technologies. Hospitals provide dedicated space for silent scan technology owing to increasing competition and increasing demand for healthcare service. There is maximum availability of funds for investments in systems such as MRI. Ambulatory Surgical Centres are estimated to register the higher CAGR over the period 2021-2026.

Silent Scan Technology Market Segment Analysis – By Geography

North America dominated the Silent Scan Technology Market with a major share of 38.2% in 2020. This is attributed to the highly efficient diagnostic imaging services at low prices, availability of more personalized services using the latest technologies, and increasing technological advancements in silent scan technologies.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the favorable reimbursement scenario and high patient awareness. Increasing incidences of chronic diseases and increasing preventive diagnostic practices is also increasing the growth of the market in this region.

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Silent Scan Technology Market Drivers

Increasing Prevalence of Chronic Diseases

The increasing prevalence of cardiovascular diseases is increasing the growth of the Silent Scan Technology Market. Some of the major factor of chronic diseases includes unhealthy diet, usage of tobacco, and physical inactivity among others which raises the blood pressure and blood glucose causing overweight and obesity. Along with the rapid increasing population globally, the prevalence of age-associated diseases such as Alzheimer’s disease, Parkinson’s disease, arthritis, and dementia, along with cardiovascular diseases and cancer is also increasing. Thus, increasing the growth of the Silent Scan Technology Market during the forecast period 2021-2026.

Technological Advancements

Technological advancements is increasing the growth of the Silent Scan Technology Market. Technological advancements has enabled the manufacturers to develop imaging systems that contains an ingestible flow sensors inside it. Increasing technical advancements in imaging systems has provided an opportunity to bio manufacturers. The majority of advancements were oriented towards the manufacturing of aseptically filled systems. Thus, increasing the growth of the Silent Scan Technology Market during the forecast period 2021-2026.

Silent Scan Technology Market Challenges

High Competition and Stringent Regulations

Some of the factors that are set to impede the growth of the Silent Scan Technology Market are high competition and stringent regulations. High cost of silent scan technology is also set to hinder the growth of the market.

Silent Scan Technology Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Silent Scan Technology Market. In 2020, the Global Silent Scan Technology Market share is consolidated by the top ten players present in the market. The Silent Scan Technology Market, top 10 companies are GE Healthcare Toshiba Medical Systems, Hitachi Medical Systems America Inc, Philips Healthcare and Siemens Healthcare among others.

Key Takeaways

North America dominated the Silent Scan Technology Market in 2020 owing to the increasing cardiovascular diseases and easy accessibility of silent scan technologies. The Silent Scan Technology Market scope for different regions will be provided in the final report.

Increasing investment funds and increasing demand for early disease diagnosis is likely to aid the market growth of the Silent Scan Technology Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Silent Scan Technology Market report.

High competition and stringent regulations is poised to create the hurdles for the Silent Scan Technology Market.

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