Sunday, June 27, 2021

Internet of Things (IoT) Fleet Management Market In-deep Analysis And Experts Review Report till 2025

June 28, 2021: Internet of Things (IoT) Fleet Management Market is expected reach USD 16.86 billion by 2025, as the scope, product types and its applications are increasing across the globe. The Internet of Things (IoT) is the network of vehicles, physical devices, home applications, and the other items surrounded with software, electronics, actuators, sensors, and connectivity; which permits these objects to exchange and connect data. The Internet of Things Fleet Management market is expected to grow at a CAGR of 20.8% in the upcoming period.

The rate of adoption for IoT fleet management has triggered due to the introduction of vehicular internet connectivity. Increasing necessity for optimal operative competences and vehicle security is one of the important inclinations stimulating market development. Furthermore, growing compatibility of tablets, smartphones, and the other smart devices with vehicles has formed an entrance for internet connectivity facilities.

On the other hand, factors such as growing price owing to application of IoT services and systems are disturbing market development. In the developing economies, lack of awareness among nations may hamper the growth of market in the forecast period. Internet of Things (IoT) Fleet Management market may be explored by management platform, services, cloud deployment, solution, applications, and geography. Internet of Things (IoT) Fleet Management may be explored by management platform as Device Management, Application Enablement, and Network Management.

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Internet of Things (IoT) Fleet Management may be explored by service as Professional, and Managed. Internet of Things (IoT) Fleet Management may be explored by cloud deployment as Private, Public, and Hybrid. Private cloud deployment segment is dominating cloud deployment. Growing necessity for a safe environment is one of the prime factors driving the demand of the private cloud sector in the IoT fleet management in the forecast period. The private cloud type accounts for the substantial share worldwide. With protected firewalls, private clouds offer healthy cloud-based protected environment, and could be sustained by the IT division of any specific business.

Internet of Things (IoT) Fleet Management may be explored by solution as Predictive Maintenance, Fleet Analytics, Fuel Management, Vehicle Tracking & Monitoring, Remote Diagnostics, and Driver Tracking & Monitoring. Internet of Things (IoT) Fleet Management may be explored by Applications as Commercial Vehicles, and Passenger Cars

North America has been at the forefront with regards to Internet of Things (IoT) Fleet Management market and will continue to rule the roost in the years to come. North America accounted for the major share of the Internet of Things (IoT) Fleet Management size analysis in 2016. and it is expected to maintain its foremost position during the upcoming period from 2014 to 2025. The marketplace for IoT fleet management in North America, especially in the U.S., is the most lucrative one and gaining robust traction from numerous features such as rapid technological advancements, initial acceptance of fleet management and stringent administrative orders to confirm security. North America is followed by the Asia-Pacific and Europe.

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Some of the key players that fuel the growth of the Internet of Things Fleet Management market include Trimble Inc.; Cisco Systems, Inc.; AT&T; Verizon; IBM; Omnitracs; Intel Corporation; Sierra Wireless; Telefónica and Tomtom International BV. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.


Market Segment:


IoT Fleet Management Platform Outlook (Revenue, USD Million, 2014 - 2025)

    • Device Management

    • Application Enablement

    • Network Management


IoT Fleet Management Service Outlook (Revenue, USD Million, 2014 - 2025)

    • Professional

    • Managed


IoT Fleet Management Cloud Deployment Outlook (Revenue, USD Million, 2014 - 2025)

    • Private

    • Public

    • Hybrid


IoT Fleet Management Solution Outlook (Revenue, USD Million, 2014 - 2025)

    • Driver Tracking & Monitoring

    • Fleet Analytics

    • Fuel Management

    • Predictive Maintenance

    • Remote Diagnostics

    • Vehicle Tracking & Monitoring


IoT Fleet Management Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Commercial Vehicles

    • Passenger Cars


IoT Fleet Management Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Mexico

    • Middle East & Africa (MEA)


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Food Colors Market Business Strategies, Growth Rate And Forecast Report till 2025

June 28, 2021: Global Food Colors Market size is expected to reach USD 2.97 billion by 2025. Food colors are added to beverages and food items to enhance their appeal. Dyes and pigment are the most common colorants added to food items and beverages in liquid gel, liquid, powder and gel paste form. Increasing use in end user industries and growing demand for colored food products due to their aesthetic appeal are anticipated to drive the demand for food colors in the coming period. The food colors market is expected to register a CAGR of 5.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

In the market, various types of food colors are available such as synthetic, natural, natural-identical, and others. The “natural” food color is expected to hold the largest market share in the upcoming period due to the growing awareness among consumers regarding the health benefits associated with natural food colors. The “natural food color” is segmented into beta carotene, astaxanthin, annatto, anthocyanin, and others. However, the “synthetic” food colors are projected to grow at a high CAGR in the next couple of years. The increasing demand for synthetic colors such as blue and green is expected to boost the growth of market in beverage manufacturing industry.

Applications such as dairy food, non-dairy food, alcoholic beverages, carbonated soft drinks (CSD) & non-alcoholic beverages, meat products, dressings & sauces, condiments, custards & pudding, frozen products, savory & snacks and others could be explored in food colors industry. The “carbonated soft drinks & non-alcoholic beverages” segment is expected to witness large market share in the upcoming period due to rising disposable income, economic development and growing demand for ready-to-drink beverages.

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The factors that play an important role in the growth of food colors market include increasing demand, growing population, increasing urbanization & industrialization, growing demand for clean label products, advancements in technological innovations, increasing demand for food colors for the production of canned products, growing consumer demand for low-fat food, rising demand for alcoholic and non-alcoholic beverages, growing adoption of processed food by consumers and stringent government rules & regulations. The other factors include changing lifestyle due to rapid urbanization, rising disposable incomes, increasing consumer preference for high-quality products, ongoing product innovation and strict government regulations.

Moreover, growing demand for the product across various industries such as bakery & confectionary, beverages, and dairy products is likely to positively impact the growth of market in the next couple of years. However, ban on trade of artificial colors and rising substitution by natural colors are negatively impacting the growth of food colors industry.

The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on product, application, form, solubility, and geography. The market is classified into form such as liquid dye, gel paste dye, powdered dye, gel paste dye, and others.

Asia Pacific has been at the forefront with regards to food colors market and will continue to rule the roost in the years to come. The increasing demand for natural products, changing consumer lifestyle, rising disposable income, and rising high adoption of product in the production of alcoholic & non-alcoholic beverages are major factors driving the growth of market in this region.

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The key players contributing to the robust development of the food colors industry include Archer Daniels Midland Company, FiorioColori, Chr. Hansen S/A, Koninklijke DSM N.V., Naturex S.A., Sensient Technology Corporation,Kalsec, FMC Corporation.D.D, RAHO, Williamson & Co. Inc. (DDW), ITC Colors, Döhler Group and Kalsec Inc.These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.


Market Segment:


Food Colors Product Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

    • Synthetic

        • Red 40/Allura Red

        • Yellow No. 5

        • Yellow No. 6

        • Others

    • Natural

        • Beta Carotene

        • Astaxanthin

        • Anthocyanin

        • Annatto

        • Others

    • Natural-identical

        • Other Mixed Carotene

        • Lutein

        • Canthaxanthin

        • Lycopene

        • Curcumin

        • Titanium Dioxide

        • Others

    • Others


Food Colors Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

    • Dairy Food

    • Non-Dairy Food

    • CSD & Non-alcoholic Beverages

    • Alcoholic Beverages


Food Colors Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • Spain

        • Italy

    • Asia Pacific

        • China

        • India

        • Japan

        • Australia

    • Central & South America

        • Brazil

    • Middle East & Africa


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Friday, June 25, 2021

Cooling Fabrics Market Business Strategies, Growth Rate And Forecast Report till 2025

June 25, 2021: Cooling fabrics market was valued at USD 1.25 billion in 2016 and is anticipated to be worth USD 3.24 billion by 2025, with a CAGR of 11.1%. The most important causes of triggering the progress of the cooling fabrics market are the growing demand from sportswear and defensive wearing market uses. Inventions in the fabric manufacturing and demand for new-fangled dresses that offer long enduring cooling effect, are furthermore estimated to motivate the cooling fabrics market in the approaching years. Innovative new-generation fabrics are being established, that practice humidity-administration know-hows or evaporative refrigerating know-hows. Some fabrics similarly work by way of dispensing sweat uniformly above the fabric, so as to it become dry more speedily and consecutively creates a cooling effect.

The international Cooling Fabrics market has developed meaningfully for the period of the last a small number of years; and it is likely to develop at a quick speed in the following years, principally motivated by the increasing ingestion in the Asia-Pacific area. The international cooling fabrics market may be divided by Type of Fabric, Type of Use, and the Area. The division of the international cooling fabrics market on the source of Type of Fabric spans Synthetic Cooling Fabrics, Natural Cooling Fabrics.

On the source of type, the synthetic cooling fabrics division is expected to nurture at the utmost proportion in the cooling fabrics market in the course of 2014-2025, owing to the growing demand from and practice in several end-use manufacturing. Sturdiness of synthetic fabrics and cooling delivered by them, which are every so often not possible with natural fabrics, tip to their greater market stake. Easy obtain ability of raw materials utilized to create these fabrics is additional issue that motivates the progress of this section. Therefore, synthetic cooling fabrics are extensively utilized in dissimilar end-use manufacturing. Therefore, synthetic cooling fabrics, factory-made from nylon, polyester, and spandex are utilized extensively.

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The division of the international cooling fabrics market by Type of Use span Sports Apparel, Protective Wearing, Lifestyle, and Others. By means of type of use, the sports apparel section was responsible for the biggest stake of the cooling fabrics market in 2016. Progress of this division is able to credit to the increasing sportswear market and growing number of sports supporters everywhere in the world. In sports clothing use, cooling fabrics are utilized to create T-shirts, headgears, wrist bands, and neck bands, between others. The division of the international cooling fabrics market on the source of Area spans North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The area of North America held the biggest segment of the cooling fabrics market in the year 2016. It was tracked by area of Europe. Growing expenses on military, inventions in cooling fabric merchandises for medicinal uses, and increasing worries for fitness and security of workers are estimated to motivate the demand for cooling fabrics in the North American market in the approaching years. Existing companies are preparing for capability spreading out in the next a small number of years, such as there are a growing demand for cooling fabrics commencing numerous end-use uses.

The cooling fabrics network consist of raw material and cooling fabrics producers. Some of the important companies operating in the Cooling Fabrics market on the international basis are Ventex Inc., Polartec LLC, Ahlstrom, The North Face, Shell Chemicals, Nan Ya Plastics, Adidas, Nike, and Coolcore LLC. The products “factory-made” by these firms are used by sports clothing, defensive clothing, lifestyle, and the other correlated manufacturing companies.

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Market Segment:


Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Synthetic

    • Natural


Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Sports Apparel

    • Protective Wear

    • Lifestyle

    • Others


Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • France

        • Rest of Europe

    • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

        • Rest of Asia Pacific

    • South & Central America

    • The Middle East and Africa


Get in touch

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Sodium Silicate Market Challenges, Opportunities, Trends And Top Key Players till 2025

June 25, 2021: The global Sodium Silicate Market is anticipated to reach USD 7.84 billion by 2025. Sodium silicate, also known as “Liquid glass” or “Water glass”, is a compound and usually a colorless transparent solid or white powder. It is soluble in water under prescribed limits. Factors, such as increasing demand for sodium silicate from applications such as precipitated silica, detergents, pulp & paper, construction, metal casting, water treatment, and food preservation. In addition, technological advancements, rising disposable income of people in emerging economies, increasing usage in the construction segment, shifting preferences regarding detergents and cleaning agents and growing demand are likely to drive the sodium silicate industry in forthcoming period.

On the other hand, hazardous effects on human health due to exposure to high concentration of sodium silicate are anticipated to hinder sodium silicate market growth in future. However, increase in demand for environment-friendly binding agents in the construction manufacturing is likely to create lucrative opportunities for the market. Sodium silicate industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Sodium silicate market is segmented by form, application, distribution channel, and geography. The market of sodium silicate is segmented by form as Solid Sodium Silicate and Liquid Sodium Silicate. The “Solid Sodium Silicate” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come. The key factors that could be attributed to the growth of the market includes easy use and easy to store as compared to liquid sodium silicate and low transportation cost.

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The key applications are segmented in the sodium silicate industry include Construction, Detergents, Precipitated Silica, Water Treatment, Pulp & Paper, Food Preservation, Metal Casting and Others (Fire Protection, Paints & Coatings, Cosmetics, Catalyst Manufacturing, and Textile). The “Detergents” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

The key factors that could be attributed to the growth of the market include rising demand for sodium silicate for the manufacturing of cleansing agent that are used for numerous washing. In addition, cleaning methods, such as industrial or domestic clothes washing, washing bottles, dishes, locomotives, dairy equipment, and floor cleaning, and metal degreasing and cleaning. The sodium silicate market is segmented based on distribution channel as offline and online distribution. The “Offline” segment accounted for a prominent share in the market. It is likely to witness a substantial growth in the years to come.

Asia-Pacific is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as rising demand for sodium silicate from applications such as construction and detergents, increasing foreign investments, rising population, development of the pulp and paper industry and rapid urbanization. China is the foremost consumer and producer of sodium silicate. Asia-Pacific is followed by European region owing to the rising demand for the compound in healthcare and pulp & paper applications.

Key players operating in the sodium silicate industry include CIECH Group, BASF SE, GHCL Limited, Evonik Industries AG, IQE Group, Huber Engineered Materials, Nippon Chemical Industrial Co. Ltd., Merck Millipore, PPG Industries Inc., Occidental Petroleum Corporation, Shangyu Huachang Industrial Co. Ltd., PQ Corporation, Sichem Silica Gel Co. Ltd. Shijiazhuang Shuanglian Chemical Industry Co. Ltd. Tata Chemicals Limited, Solvay S.A., W.R. Grace & Company and Tokuyama Corporation. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry

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Market Segment:


Sodium Silicate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Detergents

    • Catalysts

    • Pulp & Paper

    • Elastomers

    • Food & Healthcare

    • Others


Sodium Silicate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • U.K.

        • France

        • Spain

        • Italy

        • Russia

        • Netherlands

        • Switzerland

    • Asia Pacific

        • China

        • India

        • Japan

        • Australia

        • South Korea

        • Thailand

        • Indonesia

        • Singapore

        • New Zealand

        • Philippines

    • Central & South America

        • Brazil

        • Argentina

        • Chile

    • Middle East & Africa

        • Saudi Arabia

        • South Africa

        • United Arab Emirates (UAE)

        • Egypt

        • Iran


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Fog Computing Market Business Strategies, Growth Rate And Forecast Report till 2025

June 25, 2021: The global fog computing market size was estimated at USD 9.33 million in 2016 and is anticipated to reach USD 617.3 million by 2025. Fog computing, also termed as “edge computing” or “fogging” in association with cloud emphasis helps in faster decision-making strictly with computations on cognizable data by deployment of fog nodes close to Internet of Things (IoT) aided devices, placed anywhere in the network trajectory either on a factory floor, top of a power pole or an oil rig, subject having connectivity, computational and storage imperatives.

The primary drivers for fog computing market are inundation of IoT devices with parallel IoT connectivity, subsequent growth in cloud computing market size and Machine to machine (M-M) connectivity. The factors driving the fog computing market size include computational power speed, increased operational efficiency and cost savings across all verticals in the industry.  By type, the fog computing market size spans hardware and software. Software further disintegrates into fog computing platform and customized application software. By Application, the fog computing market size comprises building and home automation, smart energy, smart manufacturing, transport and logistics, connected health, security and emergencies and others-smart environment and smart retail.

By geography, the market size extends to North America, Europe, Asia Pacific, MEA and Latin America. The increased dominance of the Fog Computing Market by Software is underscored by presence of majority of the players in cloud and IoT ecosystem and would benefit by leveraging the system architecture at platform and applications hierarchy.

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Being a software domain, the providers are not stranded with heavy capital investment as would be with hardware, thus boosting the market. The fog computing market by smart manufacturing application is in a transformative phase gravitating towards process automation in the manufacturing sector and IoT with machine-machine connectivity is a relatively untouched area for fog computing market to monitor machine operations in real-time. North America with importance ascribed to Internet of Things (IoT) and displaying economic prosperity is a growing market for fog computing market. Being one among the most technically advanced and developed nations, U.S. and Canada are prime motivators of fog computing market.

Fog networking supports the Internet of Everything concept wherein most of devices of daily-use will be interconnected with each other, with phones, connected vehicles, consumer appliances, virtual reality (VR) using Google glass as prime examples. Virtual Reality (VR) devices work under a 5K environment and at network edge with dynamic feeds (Google glass, tablets, phones) in a cloud/fog scenario to reduce latency times, improve audio/video compression ratios that catches camera feeds in multi-camera systems.

The key stakeholders in the market include IT infrastructure equipment providers, support infrastructure equipment providers, component providers, software providers, system integrators, network service providers, monitoring service providers, support service providers, professional service providers, distributors and resellers, cloud providers, collocation providers, enterprises and data center vendors, government and standardization bodies, telecom operators, healthcare organizations and financial organizations.

As per an article dated Aug 2016, the verdict goes that IoT or Internet of Things with fog computing drastically turns the tide in favor of the market by getting IoT devices closer to the edge, the only access point for increasing bandwidth and help the medical industry where limitations in internet speed and latency times of IoT are reasons for a sluggish demand of the devices in telemedicine.

Growth in IoT industry owes its success to cloud service providers and inimitable data centers but with connected devices like self-driving cars where a delay of nanoseconds end in mishaps with same going for telemedicine where lives rest on speed and accuracy, a slight delay could prove fatal.

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The key industry players spanning the fog computing market size include Microsoft, Cisco, Dell, Intel, Arm Holding, Fujitsu and Schneider Electric Software. PrismTech Corporation, Nebbiolo Technologies and Dell Corporation.


Market Segment:


Fog Computing Solution Outlook (Revenue, USD Thousand; 2016 - 2025)

        • Hardware

        • Software


Fog Computing Hardware Outlook (Revenue, USD Thousand; 2016 - 2025)

        • Gateways

        • Routers & switches

        • IP video cameras

        • Sensors

        • Micro data center


Fog Computing Application Outlook (Revenue, USD Thousand; 2016 - 2025)

        • Connected vehicles

        • Smart grids

        • Smart cities

        • Connected healthcare

        • Smart manufacturing


Fog Computing Regional Outlook (Revenue, USD Thousand; 2016 - 2025)

        • North America

            • U.S.

            • Canada

            • EMEA

            • Germany

            • UK

        • MEA

        • Asia Pacific

            • China

            • Japan

        • Latin America

            • Brazil

            • Mexico


Get in touch

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Thursday, June 24, 2021

Human Machine Interface (HMI) Market Status, Share And Growth Factors Impact Analysis till 2022

June 24, 2021: The global Human Machine Interface (HMI) market is expected to reach $6.31 billion by 2022, owing to requirement of automation of complex industrial operations, improve productivity and efficiency.

Industrial processes have become more complex due to increase in competition and need to have competitive edge through product or service quality. Manufacturing industries are opting for automation to reduce the complexity of the operation process and to make to it cost effective. HMI software helps in industrial data management, integrated engineering, industrial communication and industrial security. Fully integrated automation has optimized the operation downtime, better performance due to interoperability of system tested components. The challenge in the HMI software and services marketplace is how suppliers can differentiate themselves and continue to offer increasing value propositions to end users and OEMs, especially in a slowing global economy. The market is extremely competitive and demand is expected to grow as many users recognize the benefits of HMI software.

Integration of Bluetooth and Wi-Fi in these products has improved device mobility, which is also anticipated to propel the demand over the forecast period. Evolution of industrial Internet of Things (IoT) has opened many opportunities. Advancement in technology will improve the process cycle time, make the process energy efficient and will provide data security. Smart HMI will give huge opportunities to the industries and is expected to have a positive impact on the demand.

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This market is segmented on the basis of software type and verticals. On the basis of software type it is segmented as HMI/client, software modules, and supervisory/server. On the basis of verticals, it is segmented as manufacturing, automotive oil & gas sector, and aerospace.

In manufacturing sector HMI helps in simultaneous view of real-time and historical data, configuration, colours, fonts, scales, limits, formats, grid lines and viewing orientation, and data gathering from different sources on the same trend. Software features include big picture views with drill down capabilities, ActiveX control and automation, configurability of new charts with auto-scale and auto-band, annotation with audit trail, and batch mode with time shifting to compare trends.

North America human machine interface market is expected to emerge as a dominant segment owing to early technology adoption. Further, the rise in a number of automation projects and increase in the labour cost is expected to play a key role in driving the regional demand over the forecast period.

Europe is expected to show relatively slow growth rate owing to European economies facing downturn due financial debt. The presence of major automotive industries such as BMW, Audi, and Volkswagen has maintained slightly positive sentiment for the market. The market is expected to show huge growth as and the economies revive.

Asia Pacific human machine interface market is anticipated rapid growth owing to growing industrialization. Additionally, availability of raw materials and low-cost labour may also catalyse regional demand. Countries like India, China and Japan are showing rapid economic growth which has increased the industrial automation in these economies.

Major companies present in this market are Advantech Co., Ltd., American Industrial Systems Inc., B-Scada, Inc., Elektrobit Corporation, Interlink Electronics, Inc., Panasonic Corporation, Schneider Electric Software, LLC, and Siemens AG

Companies in the market have adopted various strategic initiatives such as new product development, merger and acquisition, and partnerships and collaboration in order to have a competitive advantage and strong market share.

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In November 2014, Advantech Co., Ltd launched HMI/SCADA software with a HTML5 based business intelligence dashboard called WebAccess 8.0. This software can be operated by any HTML5 compatible browser. The Business Intelligent Dashboard analyses data and helps managers make decisions as to what to do and WebAccess 8.0 also provides developers with the tools to design their own widgets and applications and the integration of Microsoft Excel reports. Through HTML5, a limitless number of users, with varying access levels are able to read information and make changes from wherever they are using either the Internet or Intranet.

In May 2015, Siemens AG launched SPPA-T3000 R7.2 control system, it offers increased efficiency and effectiveness for power plant operators, easier and more simplified handling during day-to-day operation, and active support for control room staff in critical situations.


Market Segments


HMI Product Outlook (Revenue, USD Million, 2012 - 2022)

        • Display Terminals

        • Interface Software

        • Industrial PCs


HMI Application Outlook (Revenue, USD Million, 2012 - 2022)

        • Automotive

        • Healthcare

        • Food & Beverages

        • Oil & Gas

        • Packaging

        • Aerospace & Defense


HMI Regional Outlook (Revenue, USD Million, 2012 - 2022)

        • North America

        • Europe

        • Asia Pacific

        • RoW


Get in touch

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Metamaterial Market Overview, Challenges, Opportunities And Top Key Players till 2025

June 24, 2021: The global metamaterials market size was estimated at USD 316.0 million in 2016 and is expected to reach USD 1.35 billion by 2025, with a CAGR of 17.8%. Metamaterials are widely used in telecommunication and medical field. These materials are artificial having electromagnetic properties that may not be found in nature. The rare properties of metamaterial have led to the development of metamaterial antennas, sensors and lenses for minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a sensitive response to the dielectric media, strain, biological sensing applications and chemicals.

Metamaterials are artificial engineered materials that provide unique advantages over other conventional substitutes owing to properties that are not readily found in nature. They gain their distinctive properties from the structure of the homogeneities infused in them. Due to these factors, metamaterials have a long list of lucrative applications including invisible super lens, cloaking devices, absorbers and flat antennas which are highly impossible with traditional materials that are found in nature.

The growing demand for graphene based metamaterials in medical field is estimated to drive the market growth over the forecast period. Need for implementing wireless telemetry systems in medical field is expected to increase significantly increased owing to necessity for early diagnosis of infections or diseases and continuous intensive care monitoring of physiological parameters. Sensors and microwave antennas are major components of telemetry systems since they provide communication between the base station and patient. Metamaterials show electromagnetic properties at frequencies which is expected to attract interests form physicist and microwave engineers. These factors are anticipated to drive the market growth and provide a potential base to metamaterials in the next seven years.

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The global metamaterials market is driven by surge in wireless mobile communication, to improve the efficiency of solar photovoltaic cells and increasing investments by venture capital firms in the market. Metamaterials absorb a wide range of light with exceptionally high efficiency, which is expected to generate optical sensors and solar cells. These metamaterials can be extremely thin, saving weight and cost.  Rising demand and awareness of benefits that solar cells provide to generate energy is expected to drive this technology. These materials can be extremely thin, saving both cost and weight.

Lack of inadequate customer awareness of metamaterials are expected to pose a major challenge to the global market. Technical difficulties coupled with high cost and time taken for development cycle can be attributed as major challenges to the growth of the global market.

Based on the metamaterial types, the global market is segmented into terahertz, acoustic, photonic, microwave and radio metamaterials, other types include infrared and ultraviolet metamaterials. Microwave and radio frequency electromagnetic metamaterials are expected to contribute the largest market share owing to increase in wireless broadband, mobile communications and technological advancements in communication infrastructure.

On the basis of product type. The market is segmented into super lens, antennas, absorbers and cloaking devices. Metamaterial antennas are expected to have the largest market share than other segments. They provide efficient performance and size, high tunable directivity, operational efficiency coupled with improved bandwidth and radiation. The fastest growing segment is attribute to cloaking devices. These devices are stealth technology that provides objects with wholly or partially invisible properties to the electromagnetic spectrum which are widely used in defense and aerospace.

Based on the application the global market can be segmented into medical, optic, sensing, radar, telecommunication and aerospace & defense. Radar and communication were the largest application segment in 2014 and are likely to dominate the market over the forecast period. Medical imaging is expected to grow at a significant growth rate owing to various innovations and product development in this field. Optics and sensing are expected to emerge as the fastest growing markets for metamaterials over the next seven years.

North America is expected to be the largest market for metamaterials owing to government research investments, particularly in communication infrastructure and defense sector. The intensity of active association between companies, universities and metamaterials technologies to develop various products for civilian use is estimated to drive the market demand in Asia pacific and Europe. Emerging economies such as Brazil, China, and India are highly investing in medical, defense and infrastructure to increase their economic development.

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Key players in the global market are Applied EM, Kymeta, Teraview, Plasmonics Inc., JEM Engineering and Microwave Measurement Systems LLC. Other industry participants include Harris Corporation, Newport Corp. and Photonic Lattice Inc. Applied EM introduced tiny form factor antennas that reliably perform at low voltages and also developed enhanced electromagnetic simulation tools using asymptotic computational techniques.


Market Segment:


Metamaterials Product Outlook (Revenue, USD Million, 2014 - 2025)

        • Electromagnetic

        • Terahertz

        • Photonic

        • Tunable

        • Frequency Selective Surface

        • Non-linear


Metamaterials Application Outlook (Revenue, USD Million, 2014 - 2025)

        • Antenna

        • Absorber

        • Superlens

        • Cloaking devices

        • Others


Metamaterials End-use Outlook (Revenue, USD Million, 2014 - 2025)

        • Aerospace & defense

        • Medical

        • Automotive

        • Consumer electronics

        • Energy & power


Regional Outlook (Revenue, USD Million, 2014 - 2025)

        • North America

            • U.S.

        • Europe

            • Germany

            • UK

        • Asia Pacific

            • China

            • India

            • Japan

        • Central & South America

            • Brazil

        • Middle East & Africa

            • South Africa


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