Hardware and Semiconductor
Overview of the global torque sensors market
Market research analysts at Technavio predict that the global torque sensors market will grow steadily during the forecast period and will post a CAGR of almost 10% by 2020. This market research analysis identifies the penetration of electric power assisted steering (EPAS) systems in automobiles as one of the primary growth factors for this market. The growing demand for passenger, commercial, and high-performance vehicles have resulted in the higher penetration of EPAS systems in automobiles as they play a major role in achieving the desired fuel-efficiency levels and also consume much lesser energy when compared to the standard steering systems. Since EPAS systems mainly constitute a torque sensor fitted in-line with the steering column, a rapid increase in their adoption will positively impact the growth of this market.
One of the major trends that will gain traction in this market is the rise in demand for wireless connectivity in torque sensors. Focusing on enhancing their energy efficiency and to cut operational costs, industries have the need to closely monitor all involved processes for inconsistencies. This will increase the adoption of industrial wireless sensor networks (IWSNs) as they facilitate the sensing of designated signals. These signals are then interpreted and analyzed by a system that makes conclusions related to several parameters such as machine performance statistics, safety parameters, and automation and robotics. This widespread adoption of IWSNs will demand the wireless connectivity in torque sensors as well and torque sensor manufacturers will start focusing on implementing wireless technology in their
Outlook of the global RFID smart cabinet market
Technavio’s market research analyst predicts the global RFID smart cabinet market to grow steadily at a CAGR of around 14% during the forecast period. The increasing need for inventory management in hospitals is the primary growth driver for this market. RFID smart cabinets provide accurate, real-time tracking at the item level. They also eliminate the risk of stock-outs, reduce inventory waste, and prevent shrinkage, and equipment losses. Due to these benefits, numerous hospitals from across the globe have started to adopt RFID smart cabinets as they help in the efficient tracking of their supplies at the item level.
The high adoption of RFID smart cabinets in emerging countries will impel the prospects for growth in this market during the forecast period. The advent of private healthcare establishments and the rising adoption of healthcare information technologies in developing countries, such as India, China, and Brazil, have led to the augmented adoption of RFID smart cabinets in hospitals during the forecast period.
Application-based segmentation of the RFID smart cabinet market
- Others (retailers, discrete manufacturers, and organizations)
The healthcare application segment will be the largest market for RFID smart cabinets during the forecast period and will account for an impressive market share of around 90% until 2020. Much of this segment’s growth can be attributed to the increasing need for inventory management in hospitals. In this sector, RFID smart cabinets help to reduce shrinkage and improves the overall supply chain performance.
Geographical segmentation of the RFID smart cabinet market
Global outlook of the electronic design automation (EDA) for PCB and MCM market
Technavio’s market research analysts predict the global EDA for printed circuit board (PCB) and multi-chip module (MCM) market to grow steadily during the next four years and post a CAGR of more than 3% by 2020. This industry research report identifies the miniaturization of electronic devices to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The constant demand for compact electronic devices from industries such as communication, automotive, industrial manufacturing, and healthcare equipment has induced semiconductor IC manufacturers to increase their R&D investments to optimize the IC performance while reducing the size. This led to the emergence of 3D semiconductor devices and microelectromechanical systems (MEMS). MEMS and 3D ICs are much denser than the traditional ICs which requires finer deposition and patterning. This in turn, will induce engineers and designers to adopt EDA for PCB and MCM software tools to develop better end products.
The availability of online EDA tools will be one of the major trends that will gain traction in this market in the coming years. the high penetration of the Internet will induce EDA vendors to extend their global reach by offering their tools and software online. This would mainly help small-scale industries in designing and fabricating semiconductor chips as it reduces ownership and infrastructure costs and also helps in improving supply chain management.
Competitive landscape and key vendors
The market comprises of several large- and small- scale vendors and is dominated by
Overview of the global vacuum capacitors market
Market research analysts at Technavio predict that the global vacuum capacitors market will grow steadily during the next four years and will post a CAGR of more than 12% by 2020. This market research analysis identifies the rise in demand for flat panel displays as one of the primary factors driving the growth of this market. Technological advances in the media and communications industry, the growth in broadband and mobile internet infrastructure, and the easy availability of high-end communication and entertainment devices have resulted in the increased consumption of high definition (HD) and ultra-high definition (UHD) videos, which in turn, led to the rise in demand for HD and 4K televisions. Since vacuum capacitors are widely used in the impedance matching networks in flat panel displays, this rising demand for HD televisions will propel the growth of the market in the next four years.
The introduction of vacuum capacitors for solar applications will be one of the major trends that will gain traction in this market in the next four years. The rising demand for energy across the globe will induce countries around the world to focus on the extensive usage of renewable energy. This will induce capacitor manufacturers to manufacture capacitors that are specifically used for solar applications. One of the leading market players COMET, has already launched capacitors such as Uni-Solar and Power-Solar, designed exclusively for solar and industrial applications.
Competitive landscape and key vendors
The market is characterized the presence of a limited number of vendors where one of the leading vendors COMET, accounts for a majority of the market share.
Global outlook of the semiconductor IP market
Technavio’s market research analysts predict that the global semiconductor IP market will grow steadily during the next four years and will post an impressive CAGR of almost 15% by 2020. This industry research report identifies the increase in production of mobile devices to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The recent years have witnessed an exponential increase in demand for consumer electronics devices such as smartphones and tablet computers. The need to differentiate products will induce original equipment manufacturers to integrate advanced technologies and offer products with larger displays, higher resolution, swift processing speed, and better storage capacity. These advanced functionalities increase the complexity of mobile system on chip (SOCs). As a result, SOC designers will utilize semiconductor IP cores from third party providers to reduce the risk of design integration in devices, which will consecutively lead to the growth of the semiconductor IP market.
In terms of geographical regions, the Americas will be the major revenue contributor to the semiconductor IP block market throughout the next four years. The technological boom in Silicon Valley and the availability of angel investors resulted in the emergence of numerous small- and large-scale fabless companies in the US. Factors such as stable economy, favorable government policies, and the growing demand and acceptance for consumer electronics devices, will drive the growth of the market in this region.
Competitive landscape and key vendors
The market consists of different application
Overview of the global 3D display market
Technavio’s market research analyst predicts the global 3D display market to grow steadily at a CAGR of more than 28% during the forecast period. The penetration of 3D technology is on the rise all across the globe, as 3D display panels are being used in several applications such as in mobile handsets, tablet PCs, and in billboards for advertisements. The growing popularity of 3D video content has led to the emergence of several 3D channels over the past few years. Majority of movies made in Hollywood are in the 3D format, offering a unique experience to consumers. Also, several gaming vendors are developing 3D gaming devices, such as 3D tablet PCs, which uses autostereoscopic 3D technology. Moreover, the emergence of ultra-high-definition (UHD) TVs will also positively aid to the demand for 3D displays which offer multi-view, stereoscopic, and high picture quality.
At present, 3D displays are used in flat panel TVs, portable gaming devices, and advertisement billboards. However, there is a projected increase in 3D display applications in the coming years such as 3D smart displays, mobile handsets, displays used in the healthcare sector, notebooks, monitors, and large-sized displays. Such growing number of 3D display applications will result in the increased penetration of 3D displays and will be a prominent driving factor for the market during the forecast period. Also, several 3D device manufacturers are focusing to offer consumers with products that have extra features, such as direct-lit LED backlights, ultra-slim form factors, and