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Thermoform Packaging Market Analysis based on End-User Industry, Type, Material, Heat Seal Coating & Segment Forecast till 2025

In this report, the Global Thermoform Packaging Market was estimated at USD 32.16 Billion in 2015, and is anticipated to reach USD 54.22 billion by 2025, growing at a CAGR of 5.60% over the forecast period.

"Thermoform Packaging Market", published by Xpodence Research, provides extensive insight and analysis of the thermoform packaging market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.

Thermoforming packaging involves plastic sheets fabrication by heating and converting into a malleable form as per the customer specifications. Ongoing developments, thermoformed plastics are casted as metal replacements employing heavy gauge process, offering applications in transportation, aerospace, industrial equipment, medical devices and kiosks centers.

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Increasing consumer preferences towards packaged and fresh food is also anticipated to augment market growth. Factors including minimal packaging wastes; rising demand in food and beverages sector, retail & pharmaceuticals industries; home & personal care goods is expected to drive the global thermoform packaging market.

Thermoform material minimizes the packaged weight by more than 50% as compared with the conventional injection-molded plastic or glass packaging products. Packaged weight reduction also aids in efficient shipping. Manufacturers are developing advanced thermoform machine technology to enhance machine cycle speed and deliver better output rates in order to meet the continuous demand from end-users.

North America region has been anticipated to lead the growth owing to the rapid industrialization and emerging packaging industry over the forecast period. Growing manufacturers and suppliers of thermoformed plastic products in the region is predicted to enhance the industry. Asia Pacific region is estimated to be the fastest growing region.

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The report includes –

Segmentation:

Based on types, the market has been segmented to illustrate the revenue, market share and growth rate of each type, mainly split into • Blister Packaging • Clamshell Packaging • Skin Packaging • Others

By Heat Seal Coating segment, the market displays the revenue, global share and growth rate of each type, majorly fragmented into • Solvent-based • Water-based • Hot Melt-Based

Based on end-users, the market shows the revenue, global share and growth rate of each type, majorly divided into • Food & Beverage • Electronics • Personal Care & Cosmetics • Pharmaceuticals

Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of Thermoform Packaging Market for these regions, from 2015 to 2025 (forecast) • North America: U.S., Rest of North America • Europe: Germany, France, UK, rest of Europe • Asia Pacific: China, Japan, India and Rest of Asia Pacific • Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA • Latin America: Brazil and Rest of Latin America

Key players: Overview of market leaders in Thermoform Packaging Market by top manufacturers/players, with Thermoform Packaging Market revenue (Billion USD) and market share for each manufacturer/player; the top players including Amcor Limited, Anchor Packaging, Sonoco Products Company, Placon Corporation, Bemis Company, Inc., Display Pack Inc., Pactiv LLC, Westrock Company, E.I. Du Pont Nemours and Company, and DS Smith PLC.

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Selective Compliance Assembly Robots Arms (SCARA) Robots Market, 2014-2025 by opportunities, Future Road map, Competitive Landscape and Discuss major trends

The shipment for the Global SCARA Robots Market was estimated to be 36,263 units in 2014 and is anticipated to have moderate growth over the forecast period.

Growing demand for automation for increasing the efficiency and reducing the manual labor is expected to enhance the industry growth. The ability of the SCARA robots to perform function in multiple dimensions enables the robots to perform various tasks which include sealing, material-handling, welding, assembling, cutting, picking, spraying and painting, and machine tending.

Increasing need for assembling and material handling in process line in the automotive industry has enhanced the persistent demand for the robots. SCARA robots offer high speed abilities and require minimum operation space. The robot demand is growing exponentially with the enormously growing electronics and automotive industry, since these robots need less maintenance costs positively impacting the industry.

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The extreme competition of the robots with the Cartesian robots and articulated robots has led to the development of SCARA robots. Since, high competition in the robot’s industry has led the vendors to investigate the opportunities and hence, increasing the R&D activities for developing more cost-effective products.

Increasing robots demand for palletizing also one of the major drivers positively influencing the market growth. These robots are employed for performing mechanical operations such as packaging or stacking items on pallets or surfaces. Growing investment in food &beverage, electronics and electrical industries and increasing application in semiconductor industries and in other segments such as ceramics and stone, paper, textile, optical and printing in Asia Pacific region has enormously contributed to the market growth.

Based on the end user, the market is categorized into Electrical and Electronics industry, Automotive industry, Rubber and Plastic industry, Food & Beverage industry, Heavy machinery industry, Metal industry and others. The robots market in food & beverage industry is anticipated to grow steadily over the forecast period owing to the preference of articulated robots over SCARA robots for ease of pick and place applications in EMEA and North America regions. Asia Pacific region is projected to acquire the major share of the market owing to the increasing FDI in electrical and electronics and automotive industries in Japan, China and India. Additionally, favoring government initiatives for influencing the end-users for selecting the robotic solutions in their manufacturing processes and for increasing the investment opportunities will also benefit the market. The rubber and plastic industry is projected to gain traction in Latin America and Asia Pacific region owing to the falling production cost and improving logistical connections.

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 Key industry players include EPSON Robots, Adept Technology, Kuka, Yamaha Robotics, Toshiba Machine, Omron Adept Technologies and Staubli Robotics. The SCARA robot’s market is characterized by the presence of diversified regional, international, and local vendors. Various local and regional vendors offer high level of customization at a very low-price comparative to international vendors.

The new competitors emerging find it difficult to survive in terms of features, quality and functionalities owing to the high competition in the market. The competitive environment in the market is expected to intensify with the increase in product extensions, better services, technological innovations, and mergers and acquisitions during the forecast period.

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The global power over Ethernet (PoE) market is estimated to be USD 445.3 Million in 2015 and is expected to grow steadily over the forecast period.

The increasing demand for fast and cost-effective communication with the growing number of internet users is expected to propel the market. The technology allows the transfer of data along with the electric power over the same Ethernet cable to the PoE enabled devices which include wireless access points and IP cameras.

Factors such as low cost, low maintenance, easy installation and less downtime among others are few technological factors making it more advanced compare to the traditional network power cables. Increasing adoption of VoIP technology and rising demand for network security cameras RFID readers and proximity cameras are projected to drive the PoE industry which are placed at higher place on the walls.

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Increasing investments of several players such as SBC and Verizon for rising the penetration of cable to residences owing to increasing adoption of wireless networking and VoIP phones will benefit the industry. Additionally, increasing demand for PoE based products from commercial buildings for security and connectivity & access control applications is considered to be one of the major factors influencing the industry.

Growing acceptance for the PoE technology-based lighting solutions has led to the growth of PoE solutions in the commercial vertical as well. Although, limitation on the amount of power delivered to the end-users may hinder the growth of PoE industry. Moreover, factors such as rising awareness about the energy savings and increasing performance along with reduced costs of LED products have led to the enhanced growth of LED products. The growth of LED products are positively influencing the PoE technology, since the technology is used for connecting, powering and controlling the smart LED hubs.

Based on the products, the market is segmented into power sourcing equipment (PSE) and powered devices (PD). PD segment is expected to witness significant growth over the forecast period. Furthermore, application segment is categorized into commercial, residential and industrial. The commercial segment which includes implementation of PoE in healthcare, retail and office buildings is projected to be the key segment for generating revenue over the forecast period.

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North America is expected to contribute significantly in the industry owing to the vast availability of advanced infrastructure, rich IT and telecom sector with increasing demand for PoE controllers and ICs. Asia Pacific is also projected to witness significant growth over the forecast period. Expanding IT hubs in China, India and Japan and adopting PoE technology in various industries in manufacturing hub, China are few factors driving the growth in the sector. Major industry players include Maxim Integrated Products, Inc., Axis Communications AB, Texas Instruments, Inc., Broadcom Ltd., STMicroelectronics N.V., Linear Technology Corp., and Microsemi Corp. The companies in the market are focusing on the strategic acquisitions and tapping the product innovation for expanding the business and maintaining their dominance in the market.

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Passive Optical Network (PON) Market 2014-2025: By Structure, Component, Shares and Segment Forecast

The global Passive Optical Network (PON) market was estimated at USD 5.83 Billion in 2015 and is projected to grow significantly over the forecast period. Growing demand for digitization and secure and reliable network operation is expected to drive the market growth.

Increasing requirement for faster and uninterrupted network and rising expansion in the network technologies is further projected to augment the industry growth. Furthermore, growing demand for optimized bandwidth connectivity and increasing penetration of internet and telecom services will positively benefit the industry growth over the forecast period. This will further boost the gigabyte PON technology in the industry.

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Growing FTTH deployments for faster access to videos, voice and other services and increasing demand high-speed network for accessing smart systems at home is also projected to enhance the market growth. Furthermore, the increasing penetration of e-governance service, smart grids, and cloud computing will fuel the industry growth over the forecast period.

Few other factors accountable for the technology growth in the market includes growing fiber to the home (FTTH) requirements, high return on investments, rising growth in IP traffic, and low cost of ownership. The technology assists in reducing the operating expenses since it needs less installation time, with higher reliability and also helps the telecom companies for faster voice, data and other services.

The market is categorized into structure, component and application.

Based on the structure, PON is segregated into Gigabyte Passive Optical Network (GPON), Ethernet Passive Optical Network (EPON) and Wavelength Division Multiplexing Passive Optical Network (WDM-PON). GPON is estimated to acquire the share of over 60% of the market in 2015 and is expected to grow steadily over the forecast period. GPON utilizes the encapsulation method and a single fiber can be used for downstream and upstream data.

Based on the component, the industry is segregated into Optical Line Terminal (OLT) and Optical Network Terminal (ONT). ONT is further categorized into Optical Network Unit (ONU) and splitters. ONT is accounted for major share in the market and is also expected to witness enormous growth over the forecast period. ONT is placed at the end-user premises and while OLT is placed at the central site of the service provider.

Global PON Market Revenue, By Structure, 2014– 2025 (USD Billion) The PON market application is segregated into Fiber to the x (FTTx), mobile backhaul. FTTX is further categorized to Fiber to the home (FTTH), Fiber to the building (FTTB), and Fiber to the cabinet/curb (FTTC). FTTx is used for broadband network architecture for optical fiber deployment. FTTH applications is attaining major share within telecommunication operators and is projected to boost the industry growth.

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Increasing data traffic has led to the advancement in technology structure for enabling higher capabilities and is anticipated to spur the industry demand. Additionally, the presence of robust optical network setup and increasing demand for conservation of energy are expected to drive the market growth. Increasing investments in R&D from both the public and private entities for enhancing the efficiency and connectivity will also enhance the market growth.

Europe PON market region is estimated to acquire significant market share owing to increasing investments from government, and rising demand for passive optical network equipment is further projected to enhance the market growth. Asia Pacific region is also projected to grow significantly over the forecast period. The factors attributing growth of the region include increasing number of internet users, rapid network implementations in India and China, and increasing demand for greater bandwidth in the emerging economies such as Japan, India and China.

Key competitors include Freescale Semiconductor, Inc., Mitsubishi Electric Corporation, Adtran Inc., Ericsson Inc., Verizon Communications, Inc., and Huawei Technologies Co., Ltd.

The key players adopt various strategies to maintain the position in the industry. The strategies include partnership & collaboration, product launch, acquisition, R&D and expansion. Merger & acquisition is considered to be one of the most adopted strategies amongst the players which further help in expanding the market share.

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Industrial Controls and Factory Automation Market Analysis by Expert based on Present and Future Status of Market

The Global Industrial Controls and Factory Automation Market were estimated as USD 109.0 Billion in 2014 and is projected to witness a stable growth over the forecast period.

Growing demand of automation for streamlining the processes through real time gathering and control in Chemical, Oil & gas, Water treatment, Automotive industries is projected to fuel the market growth.

Extensive application of technology in manufacturing processes, need for supply chain and mass production for catering the growing population are few factors positively influencing the industry growth. Furthermore, growing government initiatives for adoption of industrial automation in various industries is anticipated to fuel the industry growth.

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Automation in the industry aids in monitoring the production, ensuring fast production, product quality, reducing waste, while minimizing the costs, standardizing the manufacturing processes. This also provides reliable and flexible solutions in manufacturing plants. The emerging application which includes electronic power distribution systems, heating ventilation air conditioning (HVAC), and human machine interface (HMI) is projected to further spur the market growth over the forecast period.

Based on the product, the automation market is categorized into Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), Distributed Control System (DCS), Programmable Logic Controller (PLC), Drives, Relays and Sensors. The end users include Process industries and Discrete industries.

The MES is anticipated to acquire the major share in the industry over the forecast period due to its association with tasks of production management in a comprehensive software system. The process industry is also projected to major share in end-user segment owing to the rising cost pressure on manufacturers for optimizing the production process.

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Although, lack of expertise for handling the control and factory automation and initial high capital investments for installation may impede the industry growth. However, introduction of cost-effective models for adopting industrial control and intuitive and user-friendly model of automation system is anticipated to create growth opportunities.

Europe and North America regions are estimated to attain the foremost share of the industry. Increasing focus towards the renewable energy in the European countries is projected to build the demand for the automation solutions over the forecast period. Furthermore, increasing demand for the building the smart factories in manufacturing-based countries such as China and Germany have created an emerging environment for automating their existing manufacturing facilities.

Asia Pacific region is also anticipated to emerge as a promising market owing to the increased industrialization and rising awareness for automation control with supportive government policies in various countries which include China, Japan, and India.

Key players in the industry include ABB Ltd, Emerson Electric, General Electric Co., Honeywell International, Schneider Electric, Ametek Inc., and Siemens Ag. Other players include Yokogawa Electric Corporation, Bosch Automation, Mitsubishi Corporation, National Instrument Corporation, Omron Corporation and Rockwell Automation.

The developers and vendors of ERP solutions are increasingly offering cloud-based solutions as automation solution for reduce the implementation cost and on-demand customization for meeting the specific requirements of various businesses.

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Fingerprint Sensors Market: Size, Status, Growth and Opportunities till 2025

The global fingerprint sensors market was valued at USD 2.82 billion in 2015 and is expected to significantly over the forecast period. Rising penetration of the sensors in smartphones and growing adoption of mobile commerce is expected to drive the market. Additionally, the growing need for simplified and secure user access will also benefit the industry growth.

Fingerprint sensors offers fast, reliable and easy access to the contacts details, mails, payment information, location data and other form of encrypted data to authorized person. Growing implementation of the technology in consumer electronics such as tablets, smartphones, and laptops are also projected to benefit the market growth over the forecast period.

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Increasing government support for adopting the biometrics in various fields is also expected to boost the industry growth. Growing implementation of the technology in banking and finance field, such as smart cards, are few factors projected to provide huge opportunities to the industry. Rapidly growing mobile commerce is expecting to create potential opportunities for banking applications. Furthermore, mobile payments made for transferring money and for shopping on smart phones will raise the market exponentially.

The technology also facilitates management and easy record keeping to the attendance portals and is moderately less costly in contrast to other biometric authentication devices. Growing deployment of fingerprint-based authentication system in government and corporate organizations has led to the exponentially growth of the market.

The fingerprint sensors market is segregated into type, sensor technology, application and region.

Based on the type of sensors, the industry is categorized into area & touch sensors, swipe of sensors whereas the technology segment is categorized into capacitive and RF capacitive sensing technology, optical sensing technology and other sensing technology.

The application segment is segregated into government, consumer electronics/mobile devices, banking & finance, military & defense, commercial, healthcare and others. Capacitive & RF capacitive sensors are expected to grow at the significant rate owing to greater accuracy and compactness of the sensors.

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Mobile devices/consumer electronics is estimated to hold the major share in the industry Growing demand for additional secured mobile devices, rise in mobile payments and mobile platforms such as Apple Pay, Samsung Pay, and Alipay and growing security concerns are projected to fuel the market growth. Banking & finance segment is also projected to grow significantly over the forecast period owing to the increasing adoption of biometric products and cards.

Increasing penetration of sensors in smart cards which can perform as a debit card or credit card is also expected to boost the industry. Furthermore, the technology reduces the risk of internal and external fraud in the banking & finance sector.

Few key players include Dermalog Identification Systems, Egis Technology Inc, 3M Cogent Inc., NEC Corporation, Fingerprint Cards AB, Synaptic Inc., and IDEX ASA. Collaborations, agreements, partnerships and contracts are few strategies followed by the players.

Asia Pacific is accounted for major share in 2016 Growing consumer electronics industry and increasing penetration of smartphones in China, India and South Korea are few factors for the growth in the region. Furthermore, increasing government initiatives for implementation of biometric systems owing to the security concerns is anticipated to fuel the market growth. However, lack of awareness among consumer towards higher security provided by the technology may hinder the market growth over the forecast period.

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Collaborative Robots Market, 2014-2024 by opportunities, Future Road map, Competitive Landscape and Discuss major trends

The global collaborative robots (Cobots or Co-robots) market was valued at USD 145.3 Million in 2016 and is expected to grow immensely over the forecast period. The force-limited joint is the unique feature of Cobots which has been designed to identify forces due to impact and respond quickly.

The robots offer advanced industrial automation solutions to end-user industries and are considered as the one-stop solution for safe working environment. The Cobots are designed with advanced software and sensors which has further reduced the injuries of the employees. The Cobots with low price and high return on investment are further expected to fuel the market growth over the forecast period.

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The market is projected grow significantly owing to the substantial traction due to reduced total cost of ownership and benefits associated with co-bots from small and medium size enterprises. The significant growth of Cobots is encouraged by three key markets which include electronic manufacturers’ service companies and electronics manufacturers, manufacturers seeking optimized agile production methodologies and SME’s.

The collaborative robot’s market is segmented based on payload capacity, industry, application and region.

The payload capacity segment includes up to 5kg, up to 10kg, and above 10kg, whereas the application segment is segregated into assembly, pick & place, handling, packaging, quality testing, machine tending, gluing & welding and others. The industry using the technology includes automotive, food & beverage, furniture & equipment, plastic & polymers, metal & machinery, electronics, and pharmaceutical.

Cobots with payload capacity of above 10kg is anticipated to grow significantly during forecast period. The Cobots above 10kg payload capacity are estimated to witness significant growth owing to their capability of handling immense tasks with high precision and reliability.

Furthermore, assemble and pick & place application segment are projected to grow significantly owing to their high flexibility for performing application-specific tasks with easy programming and changing end grippers. The assembly application growth is attributed to the growing demand in major industries which include electronics, automotive, and furniture & equipment.

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Global Collaborative Robots Market Revenue, By Payload Capacity, 2014– 2025 (USD Billion) The automotive industry is estimated to acquire major market share in the application segment in 2016 owing to the huge application in assisting employees in the production line and assembly line for enhancing the operational efficiency and productivity of the process. The growth is attributed by the increased efficiency in deployment of Cobots for enhanced productivity.

Although, several industries are deploying the Cobots at a significant rate, however rapidly changing robotics industry, lack of skilled force and compliance with stringent regulations are few factors are projected to hinder the growth over the forecast period.

Europe is accounted for major share in 2016

Europe collaborative robot’s market is projected to acquire the major share of over 40% followed by North America and Asia Pacific. The industry growth is driven by strong government funding for factory automation solutions and collectively or independently developed robot-human collaboration for increasing efficiency and reliability which is further driving the market over the forecast period.

Few key players include Cisco, Akros Silicon, Inc., Flexcomm Technology, Microsemi Corporation and Maxim Integrated. Other players include ON Semiconductor, Shenzhen Quanma Industry Co. Ltd., Silicon Laboratories, STMicroelectronics, VISIX.

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The Building automation and control system market was estimated as USD 30.8 Billion in 2014 and is expected to grow at a CAGR of 9.04% over the forecast period.

The control system is applied to control and monitor the MEP system such as power monitoring, security, escalators & elevators, CCTV, water monitoring, fire alarm system and plumbing. The control system is installed majorly in residential, commercial, public buildings and institutional buildings. Therefore, the system is also referred as the structural interlink network control system.

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Increasing need for quick response with accuracy has led to the enhanced adoption of automation and control system in the industry. The control system helps in reducing the operating cost with existing energy resource and decreases the emission of carbon dioxide in the environment. Furthermore, growing need for the maintenance, reliability, support, customization and demand for the energy efficiency is projected to fuel the market growth over the forecast period.

One of the major factors for aiding the market growth and implementation in building is energy efficiency. The energy efficiency helps in reducing the environmental footprints and controls rising energy cost, hence raising the value of a building. Additionally, increasing trend of the wireless connectivity which further supports in control, remote monitoring, and increased security in buildings has also benefitted the industry growth.

Increasing implementation of IoT in commercial buildings such as corporate offices, retail stores, and production factories has further decreased the energy consumption, enhancing the energy efficiency. The industry players are switching from pneumatic devices to digital direct control (DDC) owing to their compatibility with the new devices.

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Furthermore, the market is segmented by products which include security and access control, lighting system, BMS, HVAC control, Fire and life safety, and others. The end users of building automation and control system market are categorized into residential, commercial and institutional and public buildings.

Increasing trend for the energy efficient buildings has managed the premises to implement automated lighting control system such as sensors, timers, photo sensors, thus saving the excess usage of energy. Several lighting sources are employed in building for achieving the energy efficiency factor including incandescent lamps, LEDs which requires less maintenance with better lighting coverage.

Furthermore, the enhanced security systems such as CCTV, HDR system integrated with software for illegal intrusion, smoke and fire alarms are also installed for enhanced security within the premises. Rising demand for operational efficacy, ease of maintenance and energy efficiency in the commercial sector has positively impacted the industry.

The emergence of several local, regional, international automation solution vendors has increased high competition in the commercial automation sector. The industry vendors offer customized automation solutions at competitive price for specific applications to meet the diversified needs of the customers which include increasing the operation efficiency and reducing the energy costs, thus generating various opportunities for growth.

North America is expected to dominate the automation market over the forecast period owing to the increasing large-scale adoption in healthcare and industrial market in countries such as Mexico, U.S. and Columbia. Rising awareness for energy efficiency and growing investments in infrastructure is further anticipated to boost the market in Europe region. Furthermore, Asia Pacific is projected to witness significant growth over the forecast period owing to increasing investments from foreign investors in Oil and Gas sector, infrastructure, and industrial parks. The major players in the market include Johnson Controls, Honeywell, Automated Logic and Schneider Electric. The competitive business environment within the players has led to the product innovation and extension within the industry. The players are investing heavily in R&D activities enabling them to offer innovative solutions to the customers.

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Qurate business intelligence offers building automation and control system market market research, custom industry reports, consulting services and competitive analysis focusing on all market size, trends, revenue, analysis by industry experts

The Building automation and control system market was estimated as USD 30.8 Billion in 2014 and is expected to grow at a CAGR of 9.04% over the forecast period.

The control system is applied to control and monitor the MEP system such as power monitoring, security, escalators & elevators, CCTV, water monitoring, fire alarm system and plumbing. The control system is installed majorly in residential, commercial, public buildings and institutional buildings. Therefore, the system is also referred as the structural interlink network control system.

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Increasing need for quick response with accuracy has led to the enhanced adoption of automation and control system in the industry. The control system helps in reducing the operating cost with existing energy resource and decreases the emission of carbon dioxide in the environment. Furthermore, growing need for the maintenance, reliability, support, customization and demand for the energy efficiency is projected to fuel the market growth over the forecast period.

One of the major factors for aiding the market growth and implementation in building is energy efficiency. The energy efficiency helps in reducing the environmental footprints and controls rising energy cost, hence raising the value of a building. Additionally, increasing trend of the wireless connectivity which further supports in control, remote monitoring, and increased security in buildings has also benefitted the industry growth.

Increasing implementation of IoT in commercial buildings such as corporate offices, retail stores, and production factories has further decreased the energy consumption, enhancing the energy efficiency. The industry players are switching from pneumatic devices to digital direct control (DDC) owing to their compatibility with the new devices.

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Furthermore, the market is segmented by products which include security and access control, lighting system, BMS, HVAC control, Fire and life safety, and others. The end users of building automation and control system market are categorized into residential, commercial and institutional and public buildings.

Increasing trend for the energy efficient buildings has managed the premises to implement automated lighting control system such as sensors, timers, photo sensors, thus saving the excess usage of energy. Several lighting sources are employed in building for achieving the energy efficiency factor including incandescent lamps, LEDs which requires less maintenance with better lighting coverage.

Furthermore, the enhanced security systems such as CCTV, HDR system integrated with software for illegal intrusion, smoke and fire alarms are also installed for enhanced security within the premises. Rising demand for operational efficacy, ease of maintenance and energy efficiency in the commercial sector has positively impacted the industry.

The emergence of several local, regional, international automation solution vendors has increased high competition in the commercial automation sector. The industry vendors offer customized automation solutions at competitive price for specific applications to meet the diversified needs of the customers which include increasing the operation efficiency and reducing the energy costs, thus generating various opportunities for growth.

North America is expected to dominate the automation market over the forecast period owing to the increasing large-scale adoption in healthcare and industrial market in countries such as Mexico, U.S. and Columbia. Rising awareness for energy efficiency and growing investments in infrastructure is further anticipated to boost the market in Europe region. Furthermore, Asia Pacific is projected to witness significant growth over the forecast period owing to increasing investments from foreign investors in Oil and Gas sector, infrastructure, and industrial parks. The major players in the market include Johnson Controls, Honeywell, Automated Logic and Schneider Electric. The competitive business environment within the players has led to the product innovation and extension within the industry. The players are investing heavily in R&D activities enabling them to offer innovative solutions to the customers.

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The global automated test equipment (ATE) is expected to reach USD 4.3 Billion by 2022. The equipment employs the semiconductor chips for testing. Growing demand in computing, consumer and communication industry is expected to fuel the market growth. Furthermore, growing demand and need for efficiency in various end-user segments which include healthcare, consumer electronics, communication, automotive, and defense is anticipated to upsurge the industry growth over the forecast period.

Constant developments in software, computing and instrumentation technology are projected to fuel the innovation and growth in the industry. Growing demand for consumer electronics and rising adoption of SoC is anticipated to boost the market growth over the forecast period. Growing device integration with rising consumer demand for additional features has led to an increase in the number of RF ports.

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Agriculture Drone Market: Analysis, Segments, Leading Player, Application & Forecast to 2024

The global agriculture drone market was estimated as USD 193.4 million in 2015 and is expected to grow significantly over the forecast period. The technology is gaining the traction among farmers for better productivity and efficient use of land, water, and fertilizers.

Increasing investments and interest in technology from venture firm to the manufacturers are also anticipated to be enhancing the market demand. Agriculture drones are emerging as a productive sector in commercial drone application industry. The technology includes imaging capabilities, sensors and better materials which are further expected to drive the market.

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These drones contribute in taking snapshots of a vast area of fields, providing the important and crucial data related to soil and crops, that further aids in crop management. The drones or UAVs are used for crop monitoring which also enhance yields and further reduces the cost of airplane fly-over filming.

Growing applications have influenced the industry for investing significantly in funding the drone-based startups. The startups in the industry are focusing on developing the software & hardware and the services associated with the UAVs which has accounted for more than 80% of the market.

Based on the products, the market is segregated into rotary blade, fixed wing and hybrid. The fixed wing segment is expected to dominate the market owing to the capabilities of carry heavy payloads and cover long distance in the long run. Increasing need for inspection and mapping, for monitoring the fields has enhanced industry demand over the forecast period.

The application segment of agriculture drones is segmented into field mapping, variable arte categorization, crop scouting and others. Furthermore, the field mapping application is estimated to dominate the market in 2015 owing to the benefits associated which include analyzing and monitoring the crops for increased yields.

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The drones have the capability to precisely spray fertilizers without causing any issues related to over spraying and disturbing soil fertility, further enhancing the crop scouting application market over the forecast period. Additionally, increasing yields and reduction of wastage of crops and pesticides & fertilizers is also anticipated to propel the industry.

Although, stringent regulations and lack of trained pilots is projected to hinder the industry growth over the forecast period. Maintaining the drone as a legal entity and securing the air safety are the major concerns of the industry. Few countries such as Kenya, Nepal have bans or have implemented strict regulations for the applications of UAVs.

The North America region is estimated to dominate the industry in 2016 owing to the increasing implementation of UAVs for enhancing the productivity and rising awareness of precision farming for filed mapping and crop scouting is further anticipated to drive the industry. Asia Pacific region is projected to witness the significant growth over the forecast period. Increasing adoption and investments in R&D for technological developments will benefit the industry.

Trimble Navigation, Drone Deploy, Precision Hawk, DJI and AeroVironment are some of the major players in the agriculture drone’s market. The industry players are focusing strategic acquisitions for gaining the competitive market share. Corporate investors such as Syngenta, Monsanto are backing the emerging start-ups for further developments and improvements in drone application fields. Furthermore, the existing players are also projected to face enormous competition lowering the drones market price trend in the forecast period.

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