Outlook of the global SMT placement equipment market
Technavio’s market research analyst predicts the global SMT placement equipment market to grow steadily at a CAGR of more than 6% during the forecast period. The recent increase in the number of contract manufacturers will impel the prospects for growth in the SMT placement equipment market. Factors such as the augmented demand for smart gadgets and electronic components are likely to increase the capacity of new and existing market participants, which in turn will bolster the demand for SMT placement equipment during the predicted period.
The miniaturization of electronic components and the large batch production of varying components will necessitate the utilization of advanced pick and place machines that are highly efficient. This increase in the usage of pick and place machines will generate a strong demand for SMT equipment during the forecast period. Additionally, SMT equipment manufacturers are investing heavily on the R&D of new products as it will help them to meet the end users’ demands. For instance, ASMPT, one of the leading market participants, is planning to invest close to 10% of its revenue in developing customized SMT solutions.
End-user segmentation of the SMT placement equipment market
- Electronic industry
- Other industries (automotive, aerospace and defense, and medical)
In this market research, analysts have estimated the other industries segment to exhibit the highest market growth rate during the predicted period. Factors like the rising utilization of circuit boards to monitor and control different aspects of components will result in this segment’s steady CAGR of more than 7% during the forecast period.
Geographical segmentation of the SMT placement equipment market
Overview of the global process agitators market
Market research analysts at Technavio have predicted that the global process agitators market will grow steadily at a CAGR of more than 5% by 2020. Green engineering techniques and processes minimize pollution from the plants while achieving high production efficiency. As a result, companies have started adopting and implementing green engineering techniques in their plants, where the final plant output is in exact proportion to the component elements of its formula. Kinetics and mass transfer are used to enhance the production and operation units in a manufacturing plant. Kinetics involve the minimum use of non-renewable energy, which leads to the reduced generation of pollutants. Mass transfer is concentrated toward reducing the gap in yield, increasing purity, improving the physical appearance, and particle size by product formation, filterability, and catalyst deterioration. The use of industrial agitators enhances the reaction performance for mass transfer controlled situations. For instance, EISENMANN, a biogas plant that collects bio-waste and converts it into bio-methane, adopted agitators for processing both the liquid and solid wastes in the plant. This helped the company convert 20,000 metric tons of bio-waste into 1,500 metric tons of fuel.
In terms of geography, the Americas is expected to dominate the process agitators market throughout the forecast period and will account for a market share of almost 40% by 2020. The US is identified to be the major contributor for the market in the region since the majority of process industries across the country use agitators in their plant. Moreover, companies have also started reshoring their production plants, which will lead to the construction of new plants. Also, the availability of low-
Turbochargers are mechanical devices that are used to improve the internal combustion of an engine. They work with the assistance of an internal turbine and are powered by exhaust gasses. These devices have gained huge popularity in most of the process and discrete industries owing to the growing focus on fuel efficiency. The use of turbochargers enhances the energy efficiency and optimizes the usage of raw materials. Speed, temperature, and structural load are the key factors that influence the performance of turbochargers. Mitsubishi, ABB, and Honeywell have been identified as the prominent vendors in the turbocharger market.
The report, global industrial turbocharger market, is part of Technavio’s industrial automation research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automation and robotics. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Overview of the global motion simulation market
Market research analysts at Technavio have predicted that the global motion simulation market will grow steadily during the predicted period and will post an impressive CAGR of about 11% by 2020. One of the major factors that will contribute to the growth of the motion simulation software market in the next four years is the increasing popularity of cloud-based motion simulation and analysis software. The limited availability of high-performance computing devices has made it difficult for engineers to operate their complex and computationally demanding simulation software. Cloud-based motion analysis software offers several advantages such as large space for data storage, flexibility, ease of access, and increased security. Moreover, cloud-based services do not require customers to pay for licensing, offers improved scalability, and also requires very less maintenance. Such benefits will induce more software vendors to partner with cloud service platform and hosting solution providers to provide efficient cloud-based motion simulation services to customers.
Aerospace and defense companies are constantly on the lookout for new space launch systems for space exploration missions. To attain the highest quality and cost and time reduction, companies rely on product lifecycle management (PLM) software to develop efficient space launch systems. The recently launched Atlas V rocket was designed using engineering analysis and simulation software from Siemens’ PLM software business. Another major aerospace company, ATK Aerospace
Global overview of the industrial control systems (ICS) security market
Extensive research carried out by the analysts at Technavio has shown that the global industrial control systems (ICS) security market will grow at an impressive CAGR of around 9% over the predicted period. The industrial control systems are used in the power generation, transmission, and distribution sectors to collect, store, and analyze data from multiple data points in national or regional networks. The advent of global smart grid projects is broadening the scope of SCADA systems in developing countries, like India and Brazil. SCADA uses the data from smart meters and sensors equipped with smart grid to measure and monitor electricity consumption and automatically execute the decisions to optimize the grid’s operations. As a result, governments across the globe are eventually shifting to smart grids to improve efficiency and reduce energy consumption and cost. However, the security of the smart grid network is prone to cyber-attacks due to the frequent exchange of sensitive information through communication networks, such as the Internet, intranets, and corporate networks. Hence, power utilities require robust security measures to counter such complex threats.
ICS security is highly prone to cyber-attacks and is, at present, among the top-targeted sectors globally. Malware infections and other types of cyber-attack on systems like PLC, DCS, and SCADA can lead to invalid data
Overview of the global kiln shell scanner market
Market research analysts at Technavio have predicted that the global kiln shell scanner market will grow steadily and post a CAGR of about 3% by 2020. This market research analysis identifies the increased use of wireless technology for rotary kiln shell scanners as one of the primary growth factors for this market. Conventional data collection methods involve manual inspections with handheld thermometers and pyrometers and are highly inefficient and potentially dangerous. As a result, end-users have started preferring the use of wireless devices that can be placed in close proximity and collect accurate real-time data. Online permanent systems provide continuous coverage and data of rotary kilns for production processes. Additionally, wireless technologies also offer advantages such as convenience of operations, increased speed of industrial data transmissions, untethered operations, easy access to hazardous areas, and an overall reduction in operational costs.
One of the newest additions to rotary kiln shell scanner technology is the cloud-enabled software, which enables an interactive platform for end-users with multiple options and constant real-time input. Consolidated into meaningful information, this can help detect defects in shell lining and facilitates better decision making. It also allows rapid data sharing across different locations which help end-users to collaborate easily with kiln manufacturers and effectively schedule repairs. Their ease of operation and numerous benefits have induced several manufacturers to offer
Automating workflows allows for easy monitoring and control, and has helped end-users in both industrial and non-industrial sectors achieve accuracy and consistency in all processes.
There is an increased need to normalize different data points in a process or discrete industry. The monitoring and controlling activities of these data points is continuously automated in order to increase the productivity and quality of the end product. Additionally, to minimize operational expenses, original equipment manufacturers are opting for automation services because they reduce direct labor costs.