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Tuesday, February 16, 2021

What are the Smart Mirror Market Key Insights and COVID-19 Business Impact?

the smart mirror market forecast to grow at a cagr of 9.5% by generating a revenue of $4,415.4 million by 2026.

A smart mirror is a device that functions like any other mirror but the additional capability of displaying multimedia stuff and many other internet of things make it different from other normal mirrors. It has multiple features like internet connection, touch capabilities, temperature detection, displaying handset notification and many other useful and necessary information on the mirror.

Increasing use of technologies is considered to be the major driver in the smart mirror market. Today’s generation is more inclined towards the technological stuff and smart mirror is one of the most advanced levels of mirror which gives the user to face the mirror with many internet of thing experience. A smart mirror is used in various segments like the hospital, malls, clothing shops, barbershops and several segments which gives the user-experience differently.

The cost of the smart mirror is one of the main restrains. As the cost of the smart mirror is considered to be very high only the premier and top segment can only afford it. The security concern is considered to be the major restrains in smart mirror market. Such mirrors have linked to the customer’s personal information, which is shared inadvertently but may result in a breach of security.

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The software segment for smart mirror market size is projected to grow at a CAGR of 10.7% by generating a revenue of $1,123.5 million by 2026. Smart mirrors are powered by specific upgraded software’s like magic mirror 2, Raspberry Pi and others which includes application programming interface (API) and operating systems which interpret the data to detect motion control as well as perform facial recognition. Moreover, cloud based software provide remote access to data generated by customer. The hardware segment is mainly divided into sensors, cameras, audio system and others. These hardware are primarily used for voice input, image processing with power saving. It is further anticipated to generate a revenue of $2658.1 million by 2026 with a CAGR of 8.7% in the forecast period.

Automotive is expected to generate revenue of $922.0 million by 2026 with a CAGR of 9.0% in the forecast period. Smart mirror is significantly used in automobile sector. Smart mirrors for automotive are mainly bifurcated into exterior electrochromic automatic-dimming rear view mirrors & interior electrochromic automatic-dimming rear view mirrors. A smart mirror is integrated with various other features to ensure safety and convenience to the drivers while driving. Smart mirrors are featured with temperature display, Bluetooth and hands-free connectivity, navigation, microphone, and automatic garage openers, among others. These features enhance driver convenience and are easy to operate. Due to these features, the demand for smart mirrors are increasing rapidly. The hospitality segment in 2018 was $349.5 million and is further expected to reach $766.2 million by 2026. The smart mirror can be considered as the revenue generators for the resort, hotels and restaurants as it gives the better experience to the customer. Rising acceptance for the high end hotels and recent technological innovations are projected to boost the global market for the smart mirror.

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North America is considered to be the one of the best market for the smart mirror market. The most premium class users reside in north America in compared to rest of the world who have high purchasing power and are technology enthusiast. North region was $613.4 million in 2018 and is further anticipated to generate a revenue of $1,279.4 million by 2026. Asia pacific is one of the future market for the smart mirror. The smart mirror is anticipated to have a remarkable growth owing to the increasing purchasing power parity of the customer and the production of vehicle. Asia-pacific smart mirror market size was $495.0 million in 2018 and is projected to reach $1,169 million by 2026.

Smart mirror market players are Seura, Samsung Electronics, Perseus motors, Murakami corporation., Magna international Inc., Japan display Inc., Gentex corporation, Ficosa(Panasonic), Electric motors, Dension Inc. and many others.

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The COVID-19 Fallout: 3D Sensor Market Key Growth Factors and Opportunities in 2020-2026

the global 3d sensor market forecast will be $11,276.8 million by the 2026, rising at a rate of 28.0% cagr, from $1,464.6 million in 2018, according to a study conducted by research dive.

Rising demand from several sectors such as electronics, mobile phones & notebooks, gaming applications, security and surveillance cameras are major 3D sensor market drivers. Furthermore, the technical advancements in 3D sensor technology such as gesture recognition, motion detection and 3D navigations have led to the transformation of 2D technology to 3D sensor technology. This aspect will enhance the market growth. However, the price of the 3D sensor and huge investments are related with the maintenance of the 3D sensors which are hampering the 3D sensor market growth. The introduction of virtual reality and augmented authenticity in gaming has increased the demand of 3D sensors in recent times. 3D sensor technology-based gaming is increasing rapidly in smart mobiles and PCs for 3D motion-controlled gaming, which is estimated to drive the market growth in the upcoming years. In addition, the increasing popularity for enhanced vision and several 3D enabled electronic appliances such as media players, cameras, PCs and others are projected to drive the market growth. Moreover, the increase in the concerns about security & surveillance is impacting the demand of 3D sensor market and is increasing the usage of 3D sensors in security cameras. This aspect is anticipated to rise the growth of the 3D sensor market in the near future.

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The position sensor market is anticipated to experience healthy growth during the forecast period and is projected to reach $2.593.7 million by the 2026. The image sensors held the global market size and it was valued at $541.9 million in the 2018. This growth is majorly owing to rise in the acceptance of image sensors for the smart mobiles, cameras and others. The image sensor market is predicted to reach $4,475.5 million by 2026, growing at a 29.2% CAGR.

The automotive sector registered for second major share of the market in 2018 and is projected to experience a substantial growth at a rate of 28.4% CAGR during the estimated time. This growth is attributed to the adoption of 3D sensing technology by automotive industry. The adoption of 3D sensors for innovative systems to offer comfort and safety to the driver and increasing number of automobiles across the globe are also expected to propel the market growth. Consumer electronics sector generated the largest 3D sensor market size in 2018 and is anticipated to account for $2,729.0 million by 2026, rising at a CAGR of 28.2%. This is majorly attributed to increase in the demand for 3D sensors from smart mobiles, cameras, PCs and others.

The global 3D sensor market for Asia-Pacific will witness a noteworthy growth in the projected time and is growing with the highest CAGR of 28.8%. The growth in the market size is attributed to the rising requirement of 3D sensors for consumer electronics, automotive, manufacturing and others. Moreover, China and India are developing economies and have huge manufacturing facilities in the consumer electronics, automotive and manufacturing sectors. The market for Asia-Pacific is predicted to generate a revenue of $3,067.3 million by 2026. The North America market held the majority of the global 3D sensor market share, which was 32.0% in 2018 and is estimated to reach $3,540.9 million by 2026. The dominance is majorly because of great demand for 3D sensors mainly from the automotive and consumer electronics industries. In addition, increase in the adoption of 3D sensors for the autonomous

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The major key manufacturers in the global 3D sensor market include Qualcomm Technologies, Inc., pmdtechnologies ag, Sony Depthsensing Solutions SA/NV, Infineon Technologies AG, KEYENCE CORPORATION, Microchip Technology Inc., SAMSUNG, COGNEX CORPORATION, OmniVision Technologies, Inc., Occipital, Inc., LMI TECHNOLOGIES INC. among others. These manufacturers are increasing their efforts to improve the product performance by modification of current technology, R&D activities and new product launches to gain majority of the market share in the overall 3D sensor industry. In February 2019, COGNEX CORPORATION has launched new 3D technology, which is high-performance 3D vision system and containing laser displacement sensor.

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What Is the Impact of COVID-19 on Oil Condition Monitoring Market During Projected Period of 2020-2026?

according to a study conducted by research dive, the global oil condition monitoring market forecast size is expected to reach $1,268.3 million by the end of 2026, registering 8.7% cagr over the forecast period.

Oil Condition Monitoring is a very important element for any prophetic maintenance schedule. Oil condition monitoring consists of monitoring, measuring, and analyzing the changes in fuel oils and lubricants for chemical content and contamination, along with tracking decrease in oil quality from new to end-of-life. These collected data helps the user to analyses and examine the performance of the machines and can maintain them timely.

The high-quality oil state examination helps in understanding the status and the health of the machineries. Pollution caused by acid or water or fuel, has the ability to lead the oil to lose its lubrication properties which can in turn damage the equipment. Thus, to overcome these issues oil condition monitoring devices are used. The aforementioned are the key factors driving the oil condition monitoring market over the forecast period.

The cost associated with the installation of oil condition monitoring devices and additional requirement to upgrade the devices to sync with the oil condition monitoring devices is expected to restrain the market growth in the forecasted period.

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The global Oil Condition Monitoring market is bifurcated on the basis of sampling type into on-site sampling and off-site sampling. Among these, the on-site sampling segment is anticipated to boost the global Oil Condition Monitoring market, which is expected to reach $878.3 million by 2026, growing at CAGR of 9.5% during the forecasted period. On-site sampling can analyze the oil and can decrease costs incurred by maintenance and servicing, along with improving equipment productivity, reducing the oil wastage and disposal. These key factors are expected to drive the on-site sampling segment in the global oil condition monitoring market. However, off-site sampling segment held the highest market share in the year 2018 accounting for $371.5 million and is expected to reach $689.9 million by 2026 growing at a CAGR of 8.0% during the projected years.

On the basis of the product type, the global Oil Condition Monitoring market is divided turbines, engines, hydraulic systems, compressors and gear systems. Among these, the market for engines segment led the market in 2018 accounting for $175.0 million. Turbines segment is projected to rule the Oil Condition Monitoring Market during the projected period. The growth is majorly due to the growing usage of turbines in various applications, that needs regular check-ups for better operations. The turbines that are being used in various industries work under high pressure; at such high pressures, the turbines are widely prone to the damages that can be caused due to friction. To avoid system shutdown, organizations use high-quality oil as the lubricant in the turbines, which reduces the friction that is caused due to the heavy pressures. These keys factors are expected to drive the oil condition monitoring market.

The oil & gas segment led the global oil condition monitoring market end-user segment accounting for $193.3 million in 2018 and is expected to reach $360.2 million during the forecast period. In addition, the transportation segment is projected to dominate the end-user segment during the recent years accounting for $263.8 million by 2026 growing at a CAGR of 9.6%. The oil condition monitoring aids in overcoming critical engine failures that may occur in ships and airplanes among other transportation mediums. The above-mentioned factor helps to boost the transportation segment during the forecasted timeframe.

The global Oil Condition Monitoring market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The North America region held the largest market value in 2018 accounting for $184.8 million and is anticipated to reach $339.9 million by 2026, growing at a CAGR of 7.9% during the forecast period. Asia-Pacific region is expected to dominate the Oil Condition Monitoring market; this growth is majorly due to the growing transportation expenditure in this region along with the growing mining and automotive industries. Asia-Pacific region accounted for $149.0 million in 2018 and is expected to reach $300.6 million by 2026, growing at a CAGR of 9.2 during the forecast period.

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Top gaining participants of global Oil Condition Monitoring market are Parker Hannifin, Chevron, General Electric, Shell, BP, Intertek Group, Eaton, SGS, Trico and Bureau Veritas many others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain majority of the market share in the overall Oil Condition Monitoring industry.

• Porter’s Five Forces Analysis for Oil Condition Monitoring Market:

1. Bargaining Power of Suppliers: The key players present in this market are very high due to which the supplier’s power is high.
The bargaining power of suppliers is High.

2. Bargaining Power of Consumers: The number of consumers is very high thus the bargaining power of consumers in high.
The bargaining power of consumers is High.

3. Threat of new entrants: Initial investment to develop an oil condition monitoring device is very high thus the threat of new entrants is low
The threat of new entrants is Low.

4. Threat of substitutes:There is no alternative for Oil Condition Monitoring, and thus the threat of substitutes is low.
The threat of substitutes is Low.

5. Competitive rivalry in the industry:This market includes a few market participants. Many of the key players are following similar strategies for the improvement of technologies.
The competitive rivalry in the industry is High.

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How COVID-19 Pandemic Will Impact on Display Dielectric Materials Market Growth in 2020 and Coming Future?

according to a new study conducted by research dive, the global display dielectric materials market forecast will surpass $88,004.9 million by 2026, at a 7.9% cagr, growing from $47,900.0 million in 2018.

Display Dielectric Materials Market Drivers: The significant driving aspects for the display dielectric materials market growth are wide use of products in consumer electronics along with distinctive properties of the enhanced dielectric displays. Also, increasing usage of dielectric based displays such as LCDs, LEDs, OLEDs and other advanced displays in the consumer electronics including laptops, TVs, tablets and smartphones will propel the growth of the market. In addition, dielectric displays are being usedin promotional platforms by advertising players to display new products is also boosting the growth of the market. In addition, constant growth of technological advancements in dielectric displays along with frequent emergence of advanced displays are significantly producing growth opportunities for global display dielectric materials market.

However, some of the factors such as growing raw material cost that is directly impacting the investment costs for the manufacture of display dielectrics is a major restraint for the market growth. Also, dearth of the skilled workforce is projected to limit the display dielectric materials market growth.

LED display dielectric materials market registered for a significant market share in the previous years and is expected to grow at a moderate rate during the estimated time. The growth is majorly owing to extensive use of LED displays for the consumer electronic applications. OLED technology segment will experience a significant growth and is already growing at a faster rate of 8.6% CAGR during the forecast period. This expected rise in market size is because of unique properties such as thin, flexible and enhanced 4K & 8K resolutions. In addition, growing technological advancements and rising adoption of OLED in smartphone applications are also anticipated to drive market size in the estimated time.

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Conventional displays accounted for largest display dielectric materials market size in 2018 and is expected to grow at a rate of 56.7% in the estimated time. This dominance is mainly owing to extensive use of dielectric display products in conventional applications including advertising platforms, promotional screens etc. 3D displays segment will witness to grow at a noticeable rate and is projected to generate $18,657.0 million by 2026. Increasing demand for 3D displays from the consumers and benefits such as enhanced visual experience will boost the market growth.

Asia-Pacific has dominated the global display dielectric materials market size in terms of volume and revenue in the previous years and is anticipated to generate a revenue of $26,313.5 million by 2026. This growth is mainly because of abundant manufacturing hubs in the developing economies such as India and China. Moreover, existence of significant players in Japan along with increasing customer preference towards advanced display systems will drive the growth of the market in Asia-Pacific.North America region accounted for the second highest market share in 2018 and is anticipated to grow at a healthy rate of 8.6% CAGR during the forecast time. This expected growth is attributed to growing adoption rate and growing purchasing rate of advanced displays in the North America region.

The top gaining display dielectric materials market players are DuPont, Corning, LG Chem, Asahi India Glass Limited, SAMSUNG SDI CO., LTD, DIC CORPORATION, UNIVERSAL DISPLAY, Idemitsu Kosan Co., Ltd, Sumitomo Chemical Co., Ltd, JSR Corporation, NITTO DENKO CORPORATION, TORAY INDUSTRIES, INC., Merck KGaK, Hodogaya Chemical Co., Ltd., among others. These manufacturers are emphasizing on R&D investments, joint ventures, collaborations & partnerships and mergers and acquisitions to rise their company position in the global display dielectric materials industry.

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• Porter’s Five Forces Analysis for Display Dielectric Materials Market:

– Negotiating Command of Dealers: Display dielectric materials market includes huge number of small & medium and large sized enterprises and the resulting exchanging costs of products are projected to be high. The negotiating power of dealers is HIGH.

– Bargaining Power of Consumer: This market has high number of consumers that create huge demand for products. However, the price of the advanced display products is very high and increasing per capita income of individual is supporting the demand for display dielectric materials. The negotiating power of the consumer is HIGH.

– Risk of New Contestants: Heavy initial funds are needed for the production of the display dielectric products. Also, skilled workers are required for production of dielectric displays and rising consumers demand is producing MODERATE threat of new entrants into the market.

– Risk of Alternatives: Display dielectric materials market contains minimal number of alternatives providing potential support for the products demand and resulting inLOW risk of alternatives.

– Competitiveness in the Market: This market contains large number of large and small& medium size players and these key players are concentration on joint ventures, geographical expansions and collaborations to gain major competitive share. These strategies delivering HIGH rivalry between the key players.

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Potential Impact of COVID-19 on Industrial Machine Vision Lens Market: What to Expect from Industry in 2020?

industrial machine vision lens market is predicted to grow with a cagr of 6.1% over the forecast period by generating a revenue of $9,537.4 million by 2026.

Industrial Machine Vision Lens are a form of technology that would allow a computer system to examine, analyze and recognize objects or items which are in motion. The lens in the front end are used to capture images and process them into the system through the hardware and software components. Machine vision is different compared to computer vision.

The fast processing ability of these machines allows the manufacturing units to keep a complete track on their operational work. The ability of the vision system to process huge information within a fraction of a second is predicted to be the major driving factor for the Industrial Machine Vision Lens market growth. Moreover, increasing use of machine learning and automation in the sectors is predicted to drive the Industrial Machine Vision Lens market growth during the forecast period.

The lack of skilled labors in this field is predicted to be the major restraint for Industrial Machine Vision Lens market during the forecast period. The Industrial Machine Vision Lens market have been witnessed to have constant technological advancements like image recognition, face recognition, hand-written text processing and much more. Professionals are not up to date with the present technologies. With advanced technology innovation, there can be shortage of skilled labors, which is predicted to hamper to the growth of the Industrial Machine Vision Lens market over the forecast period.

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The robot cell deployment segment is predicted to have the fastest growth rate over the forecast period. The robot cell deployment segment is predicted to grow with a CAGR of 7.1% over the forecast period by generating a revenue of $4,635.2 million by 2026. The advancement in artificial intelligence and machine learning robotic cell reduces the work force required, which consequently results in reducing the cost of company. This factor is predicted to be driving the robot cell deployment segment growth over the forecast period.

Smart camera product type is predicted to have the highest growth rate over the forecast period. The smart camera product type is predicted to grow with a CAGR of 8.4% over the forecast period by generating a revenue of $4,911.8 million by 2026. The Smart camera product type is predicted to have the highest growth rate due to the ability of inspection in multiple ways, from part selection and assembly verification to final tracking, and inspection with the help of several programs and algorithms.

Software component segment is predicted to have the highest growth rate over the forecast period. Software component segment is predicted to grow with a CAGR of 7.7% over the forecast period by generating a revenue of $4,415.8 million by 2026. Software are used to examine natural objects and materials, manufacturing process, and human artifacts in order to detect defect and improve quality in the operational activities due to which it is predicted that Software component segment will give boost to the overall market during the forecast.

Predictive maintenance segment is anticipated to grow immensely over the forecast period with the highest growth rate. Predictive management segment is predicted to grow with a CAGR of 6.8% over the forecast period by generating a revenue of $2,165.0 million by 2026. The predictive maintenance segment is predicted to grow as compared with other segments in applications type due to the organization focusing more on their cost-effectiveness for their operational activities.

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Asia-Pacific is estimated to have the highest growth rate over the forecast period. Asia-Pacific is predicted to grow with a CAGR of 6.9% over the forecast period by generating a revenue of $2,537.0 million by 2026. The Asia-Pacific market is expected to expand due to the availability of labor at a cheaper rate with the emergence of a large number of production units in various countries. Asia-Pacific is predicted to grow with a CAGR of 6.4% over the forecast period by generating a revenue of $2,813.5 million by 2026. It is expected that the European market will rise due to lower cost of production and the lower cost of capital machinery rendering it appropriate to audit, gauge and quantify the performance of the workforce.

Major players in the industrial machine vision lens market are Intel Corporation, ISRA VISION AG, Sony Corporation, Teledyne Technologies Incorporated, OMRON Corporation, KEYENCE CORPORATION, National Instruments, AlphaTechSys Automation LLP, OMRON Corporation and COGNEX CORPORATION among others.

• Porter’s Five Forces Analysis for Industrial Machine Vision Lens Market:

– Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be low. The bargaining power of suppliers is very low.

– Bargaining Power of Consumers: In this market, the concentration of buyers is high. The bargaining power of consumers is high.

– The threat of New Entrants: Huge initial investments are essential to start a new industrial machine vision lens market. The threat of new entrants is low.

– The threat of Substitutes: This market has numerous alternatives of products; moreover, technology also offers high switching costs for clients. The threat of substitutes is high.

– Competitive Rivalry in the Market: The industrial machine vision lens market has only major players to sell their products; it becomes difficult for small and medium enterprises and local manufacturers to get into the market. Many major players are following several strategies, and product differentiation among them. The competitive rivalry in the industry is high.

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Why Dynamics of Humanoid Robot Market Is Changing Drastically? What If History Is Any Guide?

according to humanoid robot market analysis by research dive, the global market forecast will surpass $9,630.0 million in 2026, at a 36.4% cagr, growing from $803.7 million in the year 2018.

Humanoid Robot Market drivers: The growing advancements in robot manufacturing coupled with rising adoption of humanoid robots from retail sector to enhance the user experience and engagement are considered as major driving aspects for the humanoid robots’ market growth. Furthermore, growing importance of personalized robots to support in the consumer’s daily activities is driving the demand for humanoid robots in the forecast time. In addition, there is rising acceptance of humanoid robots with enabled internet of things (IoT) from hospitality sector to improve the guest experience; for instance, Henn-na hotel in Nagasaki replaced front desk employees with robots.This factor is estimated to impel the growth of the market in the forecast period. In addition, continuous increasing technological developments for the improvement of cost effective and efficient robots is expected to create significant opportunities for the growth of the humanoid robot market. Furthermore, swift growth in the implementation of humanoid robots in the military & defense sector for enemy activities on war fields is also projected to enhance the market growth in the near future.

However, huge initial prices of robots coupled with high R&D expenses are required for robots manufacturing are major restraints for the growth of humanoid robot market. Furthermore, lack of high-level interfacing systems and unpredictable performance are estimated to still challenge the manufacturers, which is expected to hinder the humanoid robot market growth.

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Biped product segment generated $417.9 million in the global humanoid robot market in 2018 and is expected to grow significantly at a CAGR of 37.6% during the forecast timeframe. This growth over the global market is accredited to extensive utilization of biped robots in the manufacturing and assembling application in the automotive, electronics and other industry verticals. Besides biped product, the market for wheel drive product segment will witness to grow at a remarkable rate and is projected to produce substantial revenue opportunities in the forecast period. Growing utilization of wheel drive models for entertainment purposes at theme parks, amusement parks and science events, will enhance the market size in the upcoming years.

The market for retail application segment registered for largest humanoid robot market size in 2018 and is estimated to generate a revenue of $2,060.8 million by 2026 at a growth rate of 35.9% CAGR in the forecast timeframe. Most of the retailers are using humanoid robots in the supermarkets, shopping malls and retail stores to improve consumer experience and engagement. The humanoid robot market for hospitality application segment accounted for second highest market size; it will witness to grow at a CAGR of 36.6% and is projected to register for $1,752.7 million till 2026.

Europe humanoid robot market will witness to rise at a remarkable rate of 37.3% and is estimated to register for $2,783.8 million by the end of 2026. This enormous growth is majorly because of growing number of end use industries such as manufacturing, automotive and other industries in the Europe. Moreover, increasing adoption of humanoid robots by the industrial verticals due to modernization and industrialization in Europe is anticipated to propel the market size in the forecast time.North America generated for a significant humanoid robot market share in 2018, which was 31.2% and is anticipated to grow enormously throughout the forecast time. This dominance in the humanoid market is attributed to the presence of key manufacturers and growing adoption of automated machines by industries. Moreover, heavy labor prices and unavailability of workers are driving the requirement of humanoid robots to achieve tasks in the several industries including retail, construction and manufacturing industries; this aspect is anticipated to enhance the growth of the market in North America.

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The major humanoid robot market players including HYULIM Robot Co., Ltd, Engineered Arts Limited, HANSON ROBOTICS LTD, ROBOTIS, Honda, SoftBank Robotics, KAWADA Robotics Corporation, Sanbot Co, Toshiba Corporation,Willow Garage, Hajime Research Institute, Ltd, UBTECH Robotics, Inc. and Trossen Robotics. These major players are adopting several strategies such as R&D investments, new technology introductions, geographical expansions and mergers & acquisitions to increase their market size in the global humanoid robot industry.

• Porter’s Five Forces Analysis for Humanoid Robot Market:

– Negotiating Power of Providers:Humanoid robot market contains high concentration of small & medium and large size providers and negotiating power is anticipated to be high. The cost of the robot models is changing from one provider to another. However, growing user demand is producing huge growth prospects in the market. The negotiating power of providers is HIGH.

– Negotiating Power of Consumer: Humanoid Robot Market contains huge number of consumers, but price related to advanced robots is high. Similarly, inclination towards computerization of the industry verticals is projected to drive the demand for humanoid robots. The negotiating power of the consumer is HIGH.

– Risk of New Contestants: This marker requires high investments for the manufacturing of robot models. In addition, dearth of high-level infrastructure required for the maintenance of humanoid robots is predicted to be a hindrance for new contestants in the industry. The risk of new contestants is LOW.

– Risk of Substitutes: This market has fewer number of substitutes and provides significant demand for the humanoid robots. The risk of substitutes is LOW.

– Competitiveness in the industry: Humanoid robot industry contains large number of key manufacturers. These manufacturers are underlining on novel technology introduction, R&D activities and new product launches to produce most compact and cost-effective robots. These are most the frequent tactics flowed by key manufacturers. The competition in the market is HIGH.

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COVID-19 Impact: What Challenges Humidity Sensor Market May See In Next 5 Years?

according to a study conducted by research dive, the global humidity sensor market forecast size is expected to reach$1,551.9 million by the end of 2026, registering 7.5% cagr over the forecast period.

Humidity sensor is a device used for detecting environmental humidity and is also called as hygrometer. This device plays a vital role in sensing, measuring, and recording the moisture & temperature of surrounding air. These sensors are made up of two metal plates. In between these two plates, there is a non-conductive polymer film that senses the moisture from the air and alters the existing voltage. These alterations in voltage are then converted to appropriate digital readings.

The humidity sensors have limited long term stability and the sensors cannot work efficiently under 0°C In addition, the limited measurement range is another key factor that is expected to hamper the growth of the global humidity sensors market during the forecasted period.

The global humidity sensor market is divided on the basis of type into absolute humidity sensor and relative humidity sensors among others. Among these, the relative humidity sensor segment is anticipated to boost the global humidity sensor market,which is anticipated to reach $577.3 million by 2026, growing at CAGR of 8.3% during the forecasted period. The growing necessity for relative humidity sensors is majorly due to the ability of the sensors to improve air quality and control moisture levels in the air.This is the key growth factor that is anticipated to drive the relative humidity sensor segment in the global humidity sensor market. However, absolute humidity sensor segment held the highest market value in the year 2018 accounting for $522.1 million and is expected to reach $897.0 million by 2026 growing at a CAGR of 7.0% during the projected years.

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The global humidity sensor market is divided into automotive, industrial, food &beverages, agriculture, pharmaceutical &healthcare, building automation & domestic appliances, environmental and other. The automotive segment led the global humidity sensor market end-user segment accounting for $160.1 million in 2018 and is expected to reach $277.8 million and is anticipated to grow at a CAGR of 7.1% during the forecasted period. In addition, the industrial segment is projected to dominate the end-user segment during the forecasted years accounting for $242.1 million by 2026 growing at a CAGR of 7.9%. Humidity sensor solutions are being used to monitor the ambient moisture widely in various industries such as mining, oil & gas, paper, power & energy,and textile, among other industries.

The global humidity sensor market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The North America region held the largest market value in 2018 accounting for $244.5 million and is projected to reach $419.0 million by 2026, growing at a CAGR of 7.0% during the forecast period. Asia-Pacific region is expected to dominate the humidity sensor market; this growth is majorly due to the growing automotive end-user industries in the developing and developed nations. Asia-Pacific region accounted for $221.0 million in 2018 and is expected to reach $405.0 million by 2026, growing at a CAGR of 7.9 during the forecast period.

Top gaining participants of global humidity sensor market are General Electric Co., Michell GmbH,Honeywell International Inc., Galltec Mess-und Regeltechnik GmbH,Innovative Sensor Technology (IST) AG, Sensirion AG, Arthur Grillo GmbH, B+B Thermo-Technik GmbH, E + E Elektronik GES.M.B.H, and TE Connectivity many others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain majority of the market share in the overall humidity sensor industry.

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• Porter’s Five Forces Analysis for Humidity Sensor Market:

1. Bargaining Power of Suppliers: The key players present in this market are high in number due to which the supplier’s power is high.The bargaining power of suppliers is High.

2. Bargaining Power of Consumers:The number of consumers is very high, and thus the bargaining power of consumers in high.The bargaining power of consumers is High.

3. Threat of new entrants: Initial investment to develop a humidity sensor device is very high, and thus the threat of new entrants is low.The threat of new entrants is Low.

4. Threat of substitutes: There is no alternative for humidity sensor, and thus the threat of substitutes is low.The threat of substitutes is Low.

5. Competitive rivalry in the industry: This market includes a many market participants. Many of the key players are following similar strategies for the improvement of technologies.The competitive rivalry in the industry is High.

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Corona Impact: Is Beacon Technology Market will Propel at a Defining Pace 2020

according to a study of research dive, the global beacon technology market forecast shall cross $45,213.7 million by 2026, growing at a cagr of 75.4%.

The growing adoption of beacons for innovation in the business model is one of the significant factors for the growth of the beacon technology market.Beacon is a versatile product that has a key role in the application of retail, education, healthcare, and others. Moreover, to gain competitive advantages,market players are focusing high on business intelligence. For instance, FUJITSU has invented Bluetooth beacons which make indoor navigation accurate and it also provide an improved user experience. These beacons are cost-effective and provide valuable information such as bottlenecks, the effectiveness of offers and, customer movements.These factors are anticipated to boost the demand for beacons in the global market. In addition, beacons have great significance in the retail sector mainly because they provide key benefits of being highly effective, easy to deploy and lower in cost. However, alternatives like HubSpot Marketing, kpeiz, and Onlypult social media platform are available in the global market. These platforms are expected to decline the global beacon technology market growth. On the other hand, solar-powered BLE (Bluetooth Low Energy) beacons are an attractive solution for IoT applications such as healthcare, advertisement, and transportation. Solar-powered beacons can be used for the reduction of maintenance and increase of the lifespan of networks. Solar-powered BLE beacons give the best performance in terms of accuracy and energy efficiency.These renewable evolutions in beacon technology are anticipated to create vast opportunities for the beacon technology market.

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The global cloud segment has a rapidly growing market, and it will generate a revenue of $23,330.3 million by 2026, increasing at a CAGR of 76.9%, during the forecast period. Cloud-based beacons can connect and manage to any smart device within a 50-meter range. Also, users can automatically update this beacon anytime and from anywhere, across the globe. Furthermore, cloud beacon has a feature to set and schedule UUID (universally unique identifier), to provide infrastructure security.

The global AltBeacon platform has the fastest growing market, and it shall surpass $14332.7 million by 2026, growing at a CAGR of 77.1%, over the forecast period. This is mainly because AltBeacon has an open and interoperable specification for proximity beacons. For instance, Radius Networks, Inc. is offering AltBeacon which has more significance over multiple platforms from Android, iOS, Windows, and many others.

The education sector has a lucrative market, and it will cross $6,917.7 million by 2026, increasing at a CAGR of 76.6%, during the projected period. This is mainly because beacon technology in education is significantly used to enhance the in-class experience. An instructor can use beacon technology to take attendance. In addition, by using beacon technology, the lecturers can create (learning zones) a more interactive workshop or learning environment. Furthermore, it also provides key benefits such as seamless communication between professor and student, the facility of a push notification, and an interactive learning environment.Recently, Oklahoma University implemented BLE beacon technology in their campus and have around 50 battery-powered beacons which are expected to expand consistently.

The Wi-fi segment has the fastest-growing market, and it will register a revenue of $9,268.8 million by 2026, rising at a CAGR of 76.6%, throughout the forecast period. Wi-Fi and beacon are working together to drive the mass adoption of IoT enterprise solutions, across the globe. Wi-Fi beacon is extremely useful in vast spaces such as hospitals, stadiums, airports, and others. Also, this Wi-Fi beacon helps in the reduction of infrastructure costs.

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The beacon technology of the Asia-Pacific region has the fastest-growing market globally, and it shall generate a revenue of $11,258.2 million during the forecast period, growing at a CAGR of 76.7%.Growing demand of beacons for educational institutions rising popularity of tablets and smartphone devices and high demand in the logistics and transportation operations are anticipated to foster the growth of the Asian beacon technology market, particularly in India, South-Korea, and China. Moreover, growing focus on business intelligence to gain a competitive advantage preferably in countries such as China, India, and Japan are boosting the growth of the beacon technology market. Moreover, the existence of global players such as FUJITSU in this region is also expected to augment the growth of the Asian market.

The beacon technology of the European region is the dominating market, and it will surpass $13,473.7 million over the forecast period. This is mainly because of the extensive deployment of beacon technology in the application fields like transportation, healthcare, and tourism. Also, the availability of internet infrastructure in economies like Germany, the UK, and Italy are expected to upsurge the beacon technology market in Europe.

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The major beacon technology market manufacturers arePaeDae, Inc. dba Gimbal, HID Global Corporation/ASSA ABLOY AB., by Kontakt.io, Estimote, Inc, Apple Inc., RECO, Glimworm Beacons, SAMSUNG,Qualcomm Technologies, Inc., and Hewlett Packard Enterprise Development LP.To elaborate more on the competitive landscape analysis of market players, the porter’s five force model is explained in this report.

• Porter’s Five Forces Analysis for Beacon Technology Market:

Bargaining Power of Suppliers:Established ventures are experimenting with product designs by using multiple raw materials. So, if the price of one raw material increases then the company can shift to another material. Moreover, these companies of beacons are focusing mainly to make efficient supply chains with numerous suppliers.The bargaining power of suppliers is LOW.

– Bargaining Power of Buyer:Customers of beacon have low bargaining power, mainly because of the vast customer base, across the globe. The bargaining power of the buyer is LOW.

– Threat of New Entrants: Emergingstartups are focusingmainly on product development and technological evolutions. Also, theseemerging companiesemphasizingon economies of scale for the cost reduction per unit. The threat of new entrants is HIGH.

– Threat of Substitutes: Beacon technology offers a value proposition that is highly different from the present service of the market.In addition, the switching cost for the buyer will be high. The threat of substitutes is MEDIUM.

– Competitive Rivalry in the Market: Beacon industryhasnumeroussmall, medium, large, established ventures. These established ventures are building a sustainable differentiation and also emphasizingmajorly on technological evolution. The competitive rivalry in the industry isVERY HIGH.

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Why Mini LED Market May Skyrocket: Study Revealed Which Players May Turn Game

according to a study conducted by research dive, the global mini light emitting diode (led) market forecast is expected to reach $3,342.6 million by the end of 2026, registering 85.6% cagr over the forecast period.

The lower failure rate compared to traditional LEDs and the higher yield-rates compared to OLED’s is anticipated to drive the global mini LED market during the forecast period. However, the longer lifespan of the mini LED is another key factor that is expected to boost the global demand for mini LEDs over the forecasted timeframe.

The key factors hampering the growth of the mini LED market are the high cost associated with the Mini LEDs and the number of IC’s required to operate the mini LED’s are more in comparison to OLED and QLED; these factors are expected to restrain the market growth in the near future.

The growing demand of mini LEDs for applications such as in PC monitors, televisions and automotive industry is expected to create better growth opportunities in the near future. The growing demand is majorly due to the various properties exhibited by mini LEDs such as better contrast ratios and less power consumption.

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On the basis of application, the global mini LED market is categorized into television,consumer electronics, automotive, mobile phone, laptop/notebook, and others. Among these, the mini LED market for television application is expected to boost the global market reach to $585.0 million by 2026, growing at a CAGR of 86.3.This growth is majorly due to the various factors exhibited by the mini LED’s such as the enhanced display and better life span compared to other LEDs that are being used currently.

The global mini LED market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The North America region held the largest market value of $6.6 million in 2018,and is anticipated to reach $902.5 million by 2026, at a CAGR of 84.8% during the forecast period.The Asia-Pacific mini LED market is expected to experience a swift growth during the forecast period growing at a CAGR of 86.1%.

Top gaining participants of global mini LED market are AU Optronics Corp., BOE Technology Group Co., Ltd., Unity Opto Technology Co., Ltd., EPISTAR Corporation, Foshan Nation Star Optoelectronics Co. Ltd., Everlight Electronics Co. Ltd., Harvatek Corporation, Japan Display, Inc., Innolux Corporation, Tianma Microel ectronics Co., Ltd., among others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain majority of the market share in the overall mini LED industry.

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• Porter’s Five Forces Analysis for Mini LED Market:

– Bargaining power of suppliers: The key players present in this market are limited and the demand for the mini LED is growing at a rapid pace; thus the supplier’s power is high.

– Bargaining power of consumers: The number of consumers is very high,due to which the bargaining power of consumers will also be high.

– Threat of new entrants: The threat for new entrants is low as the manufacturing price of mini LED is low.

– Threat of substitutes: There are many alternatives for Mini LED, and thus the threat of substitutes High.

– Competitive rivalry in the industry: This market includes many market participants. These key players are following similar strategies for the improvement of technologies. The competitive rivalry in the industry is high.

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Tuesday, February 16, 2021

• Porter’s Five Forces Analysis for Oil Condition Monitoring Market:

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• Porter’s Five Forces Analysis for Industrial Machine Vision Lens Market:

• Porter’s Five Forces Analysis for Humanoid Robot Market:

• Porter’s Five Forces Analysis for Humidity Sensor Market:

• Porter’s Five Forces Analysis for Mini LED Market: