Welcome Message

twitter

Follow on Tweets

Precision Agriculture Market Disrupted by Drone Technologies and the Concepts of Agriculture 4.0

| Comments: (0)

Posted in

The precision agriculture market has gained tremendous impetus from the increased commercial viability of drone technologies. Drones will be supporting the farmers in a wide range of tasks from forecasting and planning to the actual cultivation of the crops in the forthcoming years. This will subsequently aid in supervising the fields to make sure that the crops grown are healthy. Additionally, the concepts of Agriculture 4.0 and advancements in the GPS technologies are poised to revolutionize the global precision farming market, which was worth $5.2 billion at the end of 2018 and the revenue avenues are estimated to increment at a notable CAGR of 14% during the forecast period of 2019 to 2025.
The world’s population is anticipated to grow to almost 10 billion in 2050. The elevation of the demographics will lead to an increase in the production of 70% more crops by 2050. The high growth can be attributed to the escalation of the use of advanced analytics and the Internet of things (IoT) by farmers. Advanced analytics is a part of data science that uses tools and methods to ensure that the soil and crop receives an adequate amount of nutrition and predicts data, which helps the farmers to design their plan of action accordingly.
North America Leading the Precision Agriculture Market
In 2018, North America led the global precision agriculture market revenue with a regional share of 33.6%. Numerous government initiatives are being taken by the government for the development of infrastructure and the adoption of modern agriculture technologies. The Canadian government took an initiative to help its farmers in November 2016. The government invested $42 million in the Clean Seed Capital Group Ltd. to commercialize and enhance the precision agriculture technology. The objective behind the investment was to decrease the use of the excessive amount of pesticides and fertilizers. This investment led to the development of CX-6 SMART Seeder equipment for the farmers, due to this farming became an easy process for them. Similar initiatives by the government and the major players are persuading the growth of the precision agriculture market.
Variable Rate and Soil Monitoring Applications Gaining Tremendous Traction
Variable rate and soil monitoring are the fast-growing and the most developing segments of the precision agriculture market. Variable rate application (VRA) is a range of technology that in a given landscape it only focuses on the automated application of materials. These materials such as fertilizers, seeds, and chemicals are used based on the data collected by GPS, maps, and sensors.  Furthermore, soil monitoring application is the crux of the precision farming revolution in this era. These monitoring sensors are cost-effective, smaller in size, and easier to use. Because of this, farmers have begun deploying them in greater numbers to acquire more dynamic and precise picture to understand what is happening in the land. Moreover, the increasing demand for the key segments is poised to grow at a profitable CAGR of 15.4% through to 2025.
Agriculture 4.0: A New Approach Towards Precision Framing
The agriculture sector is catching up as technology is changing the world. The introduction of automated farm equipment, drones, and the Internet of things (IoT) sensors have changed the business of agriculture. This transformation is widely known as Agriculture 4.0. Agriculture 4.0 considers the value chain side along with the demand side of the food-scarcity situations, by using the technology to address and improve the real needs of consumers and structure the value chain. Agriculture 4.0 has four major objectives that will place pressure on the agriculture industry to meet the demands of the future by taking into consideration of the aspects such as scarcity of natural resources, demographics, climate change, and food wastage. Additionally, it will not be only dependent on fertilizers, pesticides, and applying water across the field. Besides, the agricultural sector will rely on temperature and moisture sensors, robots, GPS, and aerial technology in the upcoming years. In addition to this, the three general trends that are disrupting the precision agriculture market addressing Agriculture 4.0 are:
·Produce Differently Using New Techniques: Hydroponics, algae feedstock, desert agriculture, seawater farming, and sustainable packaging using bioplastics are the major changes that are observed as the latest techniques in Agriculture 4.0. These techniques are the enhanced versions of farming that is driving the growth of the precision agriculture market.
·New Technologies are Bringing Food Production to the Consumers: The new technologies such as vertical and urban farming, genetic modification, and applying 3 D printing technology are augmenting the demand for precision agriculture. Considering genetic modification, the crop improvements with traditional techniques were used to grow drought-resistant wheat. However, genetic modification is needed to meet the demand for foods in the future.
·Cross-Industries Technologies and Applications: Precision agriculture is also driven by nanotechnology. This revolution is observing the nanoparticles that are delivered to plants and advanced biosensors for precision farming. Nanofertilizers helps in the sustained and slow release of agrochemicals that results in the precise dosage for the corps. Furthermore, as precision agriculture will grow the efficiency and productivity will increase in the future. It is expected that 75 million IoT devices for agriculture will be used by 2020 with an average arable land generating 4.1 million data points daily by 2050. This will further expand the precision agriculture market growth.
The Major Players in the Precision Agriculture Market
The key players dominating the precision agriculture market are Raven Industries, Teejet Technologies, Dickey-john Corporation, Trimble Navigation Limited, AGCO Corporation, ropMetrics LLC, Cropmetrics, Deere & Company, Topcon Positioning Systems, and Agjunction. These companies have been continuously focusing on R&D investments, partnerships, JVs, and acquisitions to strengthen their portfolio of products. For instance:
·Trimble Navigation Ltd, a global precision agriculture leader, is committed to the Indian government’s mission to double farmers’ income and to boost farm productivity. The company is in discussion with the tractors OEMs expand its auto-guidance and auto-steer technologies among the Indian farmers. Trimble’s auto-guidance and auto-steer technology are embedded with the GNSS-based navigation as it can perfectly guide the tractor’s movements in the farms which will lead to better harvesting of crops and sowing of seeds. Additionally, the company is also exploring rental and pay-per-use models for precision agriculture tools. This innovation will make it easier for farmers to invest more in cutting-edge precision agriculture technologies.
·Topcon Agriculture and Raven Industries declared their partnership last year in September 2018 to further Topcon’s use of the Slingshot Application Programming Interface (API). With this API, Topcon AG provides data through a wireless connection with Raven hardware that offers a flawless integration solution to its customers. With the help of Slingshot API, it is easy for the customers to access important and useful tools and data.
· AGCO Corporation and AgIntegrated entered into a partnership in May 2018, focusing on delivering AG information management system services to the former’s clients. This step is claimed to digitalize farming techniques and significantly create better scopes for the precision agriculture market growth.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=7444    
Related Reports:
Precision Farming and Tools Market
https://www.industryarc.com/Report/208/Precision-Farming-Market-Research-Analysis-Report.html
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=7444                    
Media Contact:
Mr. Venkat Reddy
Sales Manager          
Email: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Competition Among Semiconductor Industry Players Enticing Innovation and Aiding the Growth of the Global Photomask Market

| Comments: (0)

Posted in

Growing automation in the electronics and semiconductor industry has witnessed significant advancement over a period of time. As the market is witnessing the growth and the adoption of automation, the integration of robotics will predominantly impact the market in the upcoming years. Since the introduction of robotics, the photomask market has been gaining traction among the end-user applications. Robot integration helps in providing a plan for automation, analyzing the system needs, and put the automation in production. The integration of robotics is a way towards automation in the industries, peripherals and assembling machinery into a single frame and work as one unit. It also enables the industrial robots to perform a specific manufacturing task, bring down the expenses, decrease the cycle time, and enhance the quality of the product. Additionally, the adoption of robotics and automation across various end-use applications such as smart manufacturing are growing substantially. Technological advancements along with growing automation in the semiconductor industry are fueling up the growth of the photomask market. Consequently, in 2018, the global photomask market size evaluated to be $3.78 billion and the demand is projected to grow at a CAGR of 4% during the forecast period 2019-2025.
According to the SEMI, the total semiconductor photomask sales recorded at $4.04 billion in 2018 and is expected to reach $4.2 billion by the end of 2020. Photomask market is experiencing this increase in the sales due to the development of chips coupled with high circuit density, however, the density of the chips is being referred to the number of transistors built into a single chip.
Increasing Technological Advancements Offering Profitable Growth Opportunities
The rising technological advancement is boosting the growth of the photomask market in the semiconductor industry. For transferring circuits and display patterns, the photomask companies are adopting lithography techniques which are surging up the growth of the global photomask market. Additionally, another trend that has flourished amongst the photomask market companies is the short replacement cycle with the rise in the disposable income, which has subsequently spur the sales of consumer electronics.
APAC Holding a Significant Share in Global Market
Moreover, APAC dominated the global photomask market with a regional share of 33% in 2018 with China and South Korea being the leading country. These two countries are witnessing huge demand for semiconductor components. Additionally, the Chinese government has also taken initiatives to increase the domestic production of ICs and to encourage development in the domestic semiconductor industry. Thus, the growing need for photomasking is being fulfilled with a massive production of the ICs in the country.
Furthermore, the photomask market is also growing traction because of the high demand for printed circuit boards. As every new set of circuit diagrams require a newer set of the photomask, the demand for the same is continuously rising and has emerged as the key market application segment. This segment is projected to grow at a CAGR of 5% through to 2025.
Competitive Landscape
The photomask market consists of several major players with high competition. Many companies are introducing new products in order to increase their market presence or entering into strategic mergers and acquisition, joint ventures, and partnerships. The key players dominating the global photomask market are Toppan Photomasks, HTA Photomask, Dai Nippon, KLA-Tencor Corporation, Heidelberg Instruments, HOYA Corporation, LG Innotek Co., Ltd., Nippon Filcon Co., Ltd., Compugraphics Photomask Solutions, and Lasertec Corporation.

Heidelberg Launched ULTRA Semiconductor
In October 2018, Heidelberger Instruments, a global leader in the design, development, and manufacturing of complex laser based maskless lithography systems, launched the ULTRA semiconductor laser mask writer. It is considered to be the most economical solution for the manufacturing of photomask with 150 nm design node. The product is ideal to address multiple applications in the semiconductor industry, with its minimum feature size, excellent overlay, high throughput, CD uniformity, and 2nd layer alignment.

KLA- Tenor Acquires Orbotech Ltd
In March 2018The KLA- Tenor, a global capital equipment company, announced an agreement to acquire Orbotech Ltd. With this acquisition KLA-Tenor will have a huge increase in its revenue of $2.5 billion for an addressable market opportunity in the printed circuit board, packaging, flat panel display and semiconductor manufacturing areas. Additionally, KLA-Tenor will acquire Orbotech for $38.86 in cash and 0.25 of share in exchange every KLA Tenor ordinary share of Orbotech, with a total consideration of $69.02 per share. This acquisition is expected to be consistent with the company strategies to sustain profitable growth by further expansion into adjacent markets. This will further have a positive impact on the growth of the photomask market.

DNP and Photronics Inc., Ventures for Semiconductor Photomask
Dai Nippon Printing Co. Ltd (DNP) completed its incorporation formalities for a joint venture with Phototronics Inc. in 2018. The objective of the JV is to establish China-based semiconductor photomask sales and manufacturing. China is expected to show significant growth with approximately 20% of global production capacity by 2020. DNP and Phototronics have strategized to expand its production through localized production. The partners have announced to invest $160 million over the next five years and construct a new plant in Xiamen City. This will perhaps increase the supply of photomask to fulfill the rising demand in the country.

Toppan Printing Introduced Leading-Edge Photomask Equipment
In 2018, Toppan Photomasks Inc., photomask manufacturer, announced an additional investment to be made in new leading-edge equipment for mass production of the advanced photomask in a facility at Toppan Photomask Company Limited, Shanghai. The leading-edge equipment installation began in April 2018 with an initial production of 65/55 photomasks. The company is also planning to begin the fabrication of 28nm and 14nm photomasks in the first half of 2019.

Bruker Acquires RAVE LLC
Bruker Corporation, an American manufacturer of scientific instruments, acquired the semiconductor mask repair and cleaning business RAVE LLC, an advanced photomask repair equipment company in 2018. The new business has built a powerful status due to its comprehensive portfolio of laser and nanoprobe-based photomask repair equipment along with CO2 cryo-cleaning technology for water and photomask applications. Since the acquisition, the newly acquired business has been running profitably and has earned a revenue of approximately $25 million. The amalgamation of Bruker's probe control technology and automated AFM proprietary imaging with RAVE’s core nanomachining technology has given an immense range of potentiality to support the latest advancements that are being made by the semiconductor customers.    

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=16362    

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=16362                    
Media Contact:
Mr. Venkat Reddy
Sales Manager          
Email: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Customer Experience Management Market: Increasing Digital Adoption by the Businesses and the Evolution of the BFSI Sector Causing Disruptions

| Comments: (0)

Posted in

Radical ubiquity of smartphones in the past decade has paved numerous new avenues for enterprises to engage customers and entice sales, and almost entirely restructured the customer experience management market. Smartphones enable personalization with mobile marketing tools and location-based services, allows emotional analytics to conclude whether the prospected customer benefitted from the initial interaction, and supports the knowledge management systems – all in real time. In the present scenario, and for a foreseeable future, the onus is on enterprises to leverage the new tools offered by the customer experience management market companies and stay ahead of the curve or trail in the competition. As of 2018, the global customer experience management market valued $8.2 billion and is projected to prosper at a notable compound annual growth rate (CAGR) of 12.7% during the forecast period of 2019 to 2025.
Among multifarious end-use industries that the customer experience management marketplace caters to, the banking, financial services, and insurance (BFSI) is currently the most lucrative segment. The BFSI segment will be exhibiting an above-average CAGR of 14% over the forecast period, driven primarily by the realizations of banking sector giants that a happy customer is an opportunity for lifetime profitability, and their recommendation to fellow friends and family has far greater benefits than the negative perception of a dissatisfied customer. In the past year or so, banks across the world have introduced a number of innovative customer experience tools –
Erica, AI-powered chatbot by the Bank of America: Launched in March 2019, Erica garnered more than one million users in the first quarter, helping customers search transaction history, deposit or transfer funds, and gain an advance on other financial products offered by the bank. The integration with Bank of America’s financial literacy library helps Erica to seamlessly retrieve resources for customers. The chatbot is capable of understanding voice and text commands.

Bconomy App by BBVA: Over in Spain, Banco Bilbao Vizcaya Argentaria is aspiring to aid customers set goals, save money, and track their progress on a daily or monthly basis. Additionally, the app makes a suggestion on how to save money as well as provides a comparison between daily needs including groceries and utilities. Irrespective of their real-time location, Bconomy is making it easier for BBVA’s customers to track their financial activities and, within the first three weeks of its release, it the app lured half a million users. Such instances from the global players are simultaneously driving the growth of the customer experience management market.

Financial Habits Improved by AI-Powered Virtual Assistant: In 2017, Sberbank of Russia, adopted an AI-based tool, known as Tips to serve its customer by achieving automation. This algorithm offers personal tips that are relevant to the specific bank customers. Tips have been helpful to its users in saving time, efforts and money. In addition to this, Tips is created at the digital assistance intersection such as financial services Mint and Siri. Therefore, the more a customer uses Tips, the better is the recommendations.

Grab+GO, Barclaycard Phone Wallet: Barclaycard in the U.K is using an innovative technology that has transformed the customers’ mobile phone to pocket checkouts, Grab+Go are being used by the shoppers’ to scan and pay for goods. Without having to wait in line, the customers can scan and shop and can pay through the mobile application. This application helps the customers to streamline their shopping and can spend more time doing things that they love. Similar innovations are anticipated from Barclaycard competitors and generate greater demand in the customer experience management market.

Smart Branches Introduced by BMO: Banking industry is evolving as the customers are expecting more from their banks. BMO Harris Bank opened a smart branch recently with a combination of best interactive human and technology devices. The branch now has video teller installed that provide customers with live on-demand interactions with the bankers on the video screen. Additionally, the banks also offer smart ATMs for the customers that give an option for mobile cash withdrawals with using the debit card.
Another prominent factor making BFSI the most significant application industry of the customer experience management market is the arrival of a whole new array of competitors such as Amazon Cash, Paypal, Google Pay, Facebook Messenger P2P, and other mobile money market players. These non-traditional financial services companies are excellent at customer ease and experience.
Therefore, digital payments and Revised Payment Service Directive (PSD2) have made its way that is booming the marketplace. This year is considered as the game-changing year for retail banking as many new opportunities such as digital currencies and cryptocurrencies have knocked the doors. Owing to this, PSD2 has introduced new concepts such as open banking, consumers allowed to choose free payment services, and digital payment services. Moreover, digital payment has brought the revolution that is boosting the market. The national and international initiatives that are taken to promote digital payments, need to provide better customer service at POS terminals, and the high rate of smartphone adoption. One such example is the Irish Central Bank that has opened its doors for Facebook to allow the transfer of money in European Union socially without seeking authorizations from the individual member states.
North America Leading the Global CEM Market
North America dominated the global customer experience management market with a regional share of 36.7% in 2018. The growth of North America is attributed to the increasing demand for the CEM software in the end-user industries, such as telecom, retail, and banking & finance. These end-user sectors provide enhanced and consistent customer experience across various channels. Moreover, with an increase in the adoption of technology, customer experience has become a major reason for operators’ digital transformation. The customer service providers look for customer experience to be a key service as the business organizations in North America understand the importance of their customers. Furthermore, the U.S. based customers are likely to try additional services or products from brands that provide superior customer experience. Furthermore, Walmart in the United States has introduced several digital initiatives to help streamline their customers’ in-store experience. They launched touch-screen, tire-search kiosk, and fun-for-all-ages toy explorer. Along with the sensor-driven smart-life hub to a fast and efficient process known as Walmart Pay. These initiatives help Walmart create a more engaged overall experience for its customers.  Thus, the customer experience management market is likely to expect further growth owing to such technological adoption by the companies.
Growth Drivers and Market Trends:
· Robotics Process Automation Gains Importance
Robotic process automation (RPA) supports the business to automate repetitive tasks to decrease costs and increase efficiency. When the machines control the tedious and monotonous tasks, humans have more dedication towards handling uniquely human tasks such as being creative, strategizing, innovating, connecting with customers, and developing the strong customer experience.  Additionally, RPA tools are developed software programs to communicate with other digital systems and interpret transactions. These can be customized to exactly what each company needs. Companies use different tools for CEM, Allstate Corporation, an insurance provider company, uses Chatbot called Amelia to interact with their customers.
·Digital Transformation Surpassing Business Problems
The companies are scrambling to become more digital these days as the digital transformation has generated a lot of interest amongst businesses. This has provided a solution in solving the business-related problems. However, some companies are still planning to change their business model and some of them have a completely adopted the innovation with a drastic transformation. This has given success to the companies in handling their customers and providing them with better customer experience. Thus, customer experience management is leaping up at the global level.

Competitive Landscape:
The major companies that are dominating the customer experience management market are SAP, Nokia, Oracle Corporation, Tech Mahindra, IBM, Avaya Inc., OpenText, Qualtrics, MaritzCX, and Zendesk.  For instance, in April 2019, Centerbridge Partners, a private investment firm, acquired IBM’s marketing technology space. Centerbridge is planning to form a standalone company with a new name and brand identity. The new company will handle all marketing and commerce activities including the customer experience management & analytics and payment gateway. The new acquisition will lead to the next-generation of marketing and customer satisfaction software solutions by investing in AI, giving marketers’ tools to protect customers’ privacy, and growing the marketing eco-system. This latest acquisition is promoting growth for the companies in the customer experience management market.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=500684   
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=500684                   
Media Contact:
Mr. Venkat Reddy
Sales Manager          
Email: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Constantly Innovating LCD and OLED Technologies in Smartphones And Television Sets Provide Impetus To The Transparent Conductive Films Market

| Comments: (0)

Posted in

With every passing day, human dependence on electronic devices such as touch UI interface devices and tablet PCs is rising significantly. This factor has positively impacted the transparency conductive film market which has witnessed a remarkable increase in R&D by key market players over the past decade. This is quite evident in the soaring sales and rising requirement for transparent conductive films grapheme, transparent conductive films carbon nanotube, transparent conductive polymer films, and flexible transparent conductive films. Low-cost transparent conductive films are being developed, owing to an increase in application across several end-user industries. Researchers at Oxford University have developed a low-cost film made out of materials found abundantly on Earth, thus decreasing the overall production costs. This transparent conductive film was manufactured in order to meet the growing demand for light-emitting diode (LED) and liquid crystal display (LCD). Extensive innovation in the smartphone market is leading to increased demand for flexible screens that require high optoelectronic performance, resulting in bulk production by key companies. Resultantly, they are relying on transparent conductive films that can provide a sharp display with high optical quality while maintaining ductility of the screen. For instance, in May 2019, Hitachi Chemical Company, Ltd. qualified C3Nano’s ActiveGrid ink for the production of its transparent conductive transfer film product. This technology has been developed to simplify the patterning process while production and enable easy manufacturing of silver nanowire-based transparent conductive films.
The transparent conductive films market can be segmented on the basis of technology, application, and entropy. By technology, the market can be divided into ITO on PET, ITO on glass, non-ITO oxides, silver nanowires, graphene, carbon nanotube, metal mesh, micro-fine wire, and PEDOT. Based on application, the market can be segmented into smartphones, tablet and tablet PCs, notebooks, all-in-one PCs, TV displays, OLED lighting, OPV, and DSSCs. And by entropy, the market is segmented into new product launches, partnerships, joint ventures, and collaborations. TV displays are the most prominent application segment of the market, owing to the public’s consistent interest in entertainment. Watching television continues to be a favorite pastime for people, and this has revolutionized the display market and provided it with the necessary impetus to thrive and supplement growth in markets for display components such as transparent conductive films. The application segment of TV displays, particularly LCDs, will experience above-average growth during the forecast period of 2019-2025, growing at a CAGR of 12.2%.
The APAC region has emerged as the geographical leader in the transparent conductive films market, holding a share of 38.8% in 2018. This share can be attributed to several factors, the major ones being rise of renewable energy in developing nations and a well-established smartphone manufacturing industry in China. Transparent conductive films are extensively used in photovoltaic cells, and this has helped their market in attaining expansive growth in the APAC region. Renewable energy plants and parks are flourishing in China and India, with a giant panda-shaped solar park spread over 248 acres being now recognized as China’s most important renewable energy development. Moreover, China has established itself as a global hub for smartphone manufacturing with eminent names such as Apple importing iPhone components manufactured entirely in the country.
Transparent Conductive Films Market: Growth Drivers
·Rapidly Rising Renewable Resources of Energy
With the incessant consumption of non-renewable resources of energy, the world is current plagued with a noticeably alarming depletion of fossil fuels that could not only hinder energy production, but negatively impact smooth functioning of industries and manufacturing units. An increasing number of countries are now moving towards a complete transition to producing electricity from renewable resources. The primary source of renewable energy is solar power that is now being harnessed by both emerging and developed nations. Countries lying in the APAC region including India and China have boosted solar energy production by investing a sizable portion of their budgets into construction of solar parks. In 2018, the Indian government announced an official target of installing 175 GW of renewable energy capacity by the end of 2022, of which 100 GW will be generated from solar energy parks. These plants and parks would essentially be incomplete without photovoltaic cells that make abundant use of transparent conductive films. Conductive oxides, that are transparent, are used in thin film photovoltaic cells which generate electricity more efficiently as compared to their silicon counterparts. Such increasing usage of conductive oxides in solar cells has propelled growth for the transparent conductive films market, and this is expected to continue in the forecast period.
Increasing Demand for Smartphones
Smartphones have almost become a necessary component of human life with the dependence on these devices rising consistently. With electronics and information technology companies working in synchronization, innovation in smartphones is growing at an extraordinary rate. Humans have become increasingly reliant on digital communication with several functions essential to a social life now being possible through the click of a button on smartphones. With the advent of cloud databases, smartphones have become increasingly useful to humans as they can store abundant data without any hassles. In Q4 2018, Apple reported iPhone sales of 46.9 million, which highlights the growing number of smartphone sales occurring globally. Smartphone displays are being made more flexible by manufacturers in a bid to ensure better image quality and ease of touchscreen access. These displays would be redundant without transparent conductive films that form the basis of flexible displays and provide excellent optical quality. Increasing sales of smartphones have, therefore, provided the necessary impetus for the market to grow and prosper during the forecast period.
Major Players in the Market
In the electronics industry, transparent conductive films market companies have had an important role to play with testing various metallic prototypes to instigate technological inventions in the display market. These conductive films are used to manufacture semiconductors which are increasingly being utilized in several types of displays including LCD, OLED lighting, and others. The key players of the transparent conductive films market have invested resources in increasing the overall sales and usefulness of their products. These companies include Teijin Ltd., Toyobo Co. Ltd, Nitto Denko Corporation, TDK Corporation, Canatu Oy, Cambrios Technologies Corporation, C3Nano, Gunzer, Dontech Inc., and Blue Nano . Japan-based Teijin Limited, which specializes in manufacturing high-performance fibers has invented Eleclear, a transparent conductive film especially meant for capacitive touch panels. They not only provide an extremely clear display but have anti-glare properties that accentuate picture quality.
Talk to one of our sales representative about the full report by providing your details in the link below:
Related Reports:
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
Media Contact:
Mr. Venkat Reddy
Sales Manager          
Email 1: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Factory Automation Market Gaining Traction with the Emergence of Industry 4.0 Revolution

| Comments: (0)

Posted in

Emergence of Industry 4.0 trend for real-time process control and data monitoring is accelerating the demand for factory automation among industries, by necessitating the use of smarter and automated processes such as robotics, to improve the production process. In recent times, manufacturers are seeking ways to transform their global business operations across their value chain by reducing the need for manual intervention. programmable logic controllers, computer numerical control systems, programmable automation,  computer-aided process planning, and flexible automation systems are becoming commonplace technologies in the manufacturing sector. Human errors are always cited as a primary cause of all man-made disasters. It is generally considered that most of industrial accidents are caused due to human error. For example, approximately 75% to 96% of accidents in the marine industry are due to human error. In the need of an hour, automation technology helped the industries with its ability to minimize the errors incurred due to human intervention. Within a short span of time, factory automation gained unprecedented demand due to its sophistication and superiority over conventional manufacturing mechanisms in terms of eliminating human intervention. Moreover, factory automation facilitates standardized industrial processes, reliable and flexible process of manufacturing, consistent productivity, reduced labor-intensive work, enhanced profits, increased safety, and optimal efficiency. These aforementioned benefits are a prime impetus for the unprecedented adoption of automation by various industries.   
On the back of rapid industrialization across the globe, there is an increased demand for both skilled and unskilled labors which increases labor cost. The UK labor costs had risen at the fastest rate for five years, leading to an increase in unit labor costs of 3.1%, the highest annual growth rate since 2013. The rise in labor costs is persuading manufacturers to adopt factory automation, as it comprises the usage of robots, control systems, computers, and information technologies to manage industrial processes. The global factory automation market has been evaluated to reach a remarkable size of $159 billion in 2018. Foreseeing the rapid adoption of automation techniques in the majority of industry verticals, the factory automation market size is projected to grow at a CAGR of 8.8%, during the forecast period 2019-2025.
Factory Automation Market Leveraging Automobile Industry as the Vehicle Production attains Cruising Speed—
The incessantly increasing demand for automobiles across the world are instigating the automotive industry to adopt advanced technologies such as automation, to enhance the speed and efficiency of the manufacturing processes. Now, world motor vehicle production increased from 94.9 million in 2016 to 97.3 million in 2017. Moreover, with the emergence of Industry 4.0 revolution, the integration of automated machines and equipment into the traditional factory has become easy, which further prospects for the market growth. Thus, the flourishing automotive industry is considered to be prominent growth driver for the factory automation market.
Factory Automation Market Gaining Unprecedented Growth from APAC Region—
The APAC is analyzed as the dominant region in the factory automation market. The region accounted 35.28% of the total factory automation market share. The major regional share in the market is attributed to the presence of some fastest developing economies such as India, China, and Japan. China is by far the biggest robotics market in the world, as robot sales in China increased by 27%, to reach 87,000 units of automation entities in 2016. Also, the same source suggests that during 2018-2020, industrial robot sales are expected to increase between 15%-20%, on an average per year. Thus, the rise in the adoption of automation technology by these countries has rendered APAC with the maximum market share. Moreover, the increasing population in India and China, associated with increasing purchasing power, stimulated industries to adopt automation technology for a high rate of production. Hence, these prime factors are propelling the growth of the factory automation market in this region.
Semiconductor and Electronics Segment to Portray the Maximum Growth Prospects—
Semiconductor and electronics is considered as the key application in the factory automation market and the vertical observed to grow at a CAGR of 10%, during the forecast period 2019-2025. Semiconductor and electronics industry involves complex production steps and engineering activities starting from product designing, prototyping, modeling, manufacturing, testing, inspection, quality control, assembling, and packaging. Moreover, accuracy and precision are the key factors in this industry, as it deals with small and miniature components. These attributes led to the adoption of IoT, M2M communication technology, and robotics, which further led to the growth of the factory automation market.
Market Forces Influencing the Growth of the Factory Automation Market:
·Increased Production:
Enterprises and manufacturing industries are tremendously adopting automation technology as it significantly enhances the speed and efficiency of production processes. The majority of work is performed by robots that result in no variability and inconsistency in work and resultantly increase the output. The rapid adoption of automation techniques in numerous industries is expected to support the global factory automation market growth.
·Safer Work Environment:
Industrial automation systems have the ability to transform the error-prone manual work into the error-free environment, as replaces the human with robotic machines. The automation technology restricts the role of humans to monitor the work performed by robots, thereby providing a safer work environment to them. The trending wave of robotic integration in numerous the end-user industry will concurrently penetrate profits in the automation market.
Technologies and Trends Disrupting the Factory Automation Market:
·3D Printing:
Automated 3D printers can produce 3D solid parts from a computer file with high accuracy and precision. The objects can be manufactured in different sizes, shapes, materials, colors, and complexities, at high-speed by clicking on Print options.
·Nano-manufacturing:
Nano-manufacturing is a branch of science that deals with the production of nano-scale materials, devices, and systems. Automation facilitated the manufacturing of products on a molecular or atomic level. Products such as solar cells and batteries are manufactured by the integration of automation and nano-manufacturing.
·Artificial Intelligence:
Artificial intelligence is anticipated as the biggest technological revolution of the decade. It is anticipated that artificial intelligence will optimize the automation processes with advanced computing techniques in multiple end-user verticals such as manufacturing, automotive, healthcare, and construction industries.
Innovation and Advancement Induced by Leading Companies:
Innovation is a bridge to survive in the factory automation marketplace. Consequently, companies are investing in R&D activities to carve a niche for themselves. Some of the key players of the market are Honeywell International Inc, ABB, General Electric Company, Fanuc Group, Yokogawa Electric Corp, Emerson Electric Co., Schneider Electric, Siemens AG, Eaton Corp. Inc., Rockwell Automation, Inc., Panasonic Corp., Omron Corp., Endress+Hauser, and Mitsubishi Electric Corp. 
Owing to increasing labor costs coupled with labor shortages, there is a rising demand for automation of manufacturing operations in China. In 2018, Omron Corporation announced the construction of its second factory of Omron in the city of Shanghai, China. This expansion will ramp up the capacity of various types of control equipment to fulfill the demand of automation on factory floors in that country. The company deployed FH-Series Vision System in the automation market, which empowers the productivity and quality control of the manufacturing industry.
In 2018, Emerson announced the acquisition of intelligent platforms, a division of General Electric. This acquisition is intended to expand the company’s horizons in the global automation market. Through this agreement, Emerson has gained opportunities to expand its horizons in machine control involved in metals and mining, life sciences, food and beverage, and packaging industries. Moreover, in 2018, Emerson announced its partnership with Texas A&M College of Engineering to establish Emerson Advanced Automation Laboratory. The laboratory was funded with an amount of $1.5m, as a donation to provide practical knowledge for the purpose of automation in Oil and Gas, Refining, Life Sciences, and Food and Beverage industries.
Talk to one of our sales representative about the full report by providing your details in the link below:
Related Reports:
A. Automation Market
B. Retail Automation Market
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
To request for a proposal, provide your details in the below link:
Media Contact:
Mr. Venkat Reddy
Sales Manager          
Email: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Subscribe to: Posts (Atom)