Industrial Automation

Format: 2017-01-17
Format: 2017-01-17
January 13, 2017 | 70 Pages | SKU: IRTNTR11534

Overview of the global consumer drones market

Technavio’s market research analyst predicts the global consumer drones market to grow at a CAGR of close to 16% between 2017 and 2021. With the huge surge in consumer electronics and devices such as smartphones, there has been rapid innovation in sensors, resulting in the easy availability of high-quality sensors at affordable prices. This has significantly boosted the production of consumer drones. With an increased focus to enhance the speed, maneuverability, durability, and quality of images and videos, the inclination towards the use of consumer drones will also increase. Moreover, vendors in the drones market are capitalizing on the availability of mobile, intelligent, and connected sensors to enhance the capabilities of their offerings. Consumer drones are primarily equipped with GPS, inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, consumer drones are increasingly being equipped with thermal, hyperspectral, and multispectral sensors, which will lead to further growth of the market over the next four years.

In the global consumer drones market, Parrot and GoPro are major players, which are leveraging the growth of virtual reality owing to the growing inclination towards offering 3D experience. For instance, Parrot’s Bebop 2 drones will have features for easy integration to virtual reality headsets like the Oculus Rift. It also works with ZEISS Cinemizer OLED glasses. With the increased deployment of such equipment providing virtual reality experience in drone racing, the overall market will grow significantly throughout the predicted period.

Competitive landscape and key vendors


January 13, 2017 | 81 Pages | SKU: IRTNTR11540

Overview of the Facility Management (FM) Services Market in North America

The facility management (FM) services market in North America is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The value proposition offered to build owners will drive the growth prospects for the FM services market in North America in the forthcoming years. For instance, vendors are strategizing to help businesses achieve objectives in terms of cost and energy efficiency by providing them assistance during the early stages of the building design process. The value proposition may vary from social, environment to economic concerns. Vendors offering social benefits concern and care for inhabitants, including staff, customers, and external stakeholders. Similarly, environmental measures minimize the environmental impact caused by building operations, and economic benefit maximizes the shareholder profits along with overall business growth.

The convergence of internet of things (IoT) and smart buildings will drive the growth prospects for the FM services market in North America until the end of 2021. The deployment of IoT by smart buildings generate a real-time information that indicates building performance in terms of energy efficiency.

Competitive landscape and key vendors

The FM services market in North America is highly fragmented, unorganized, and competitive due to the presence of a large number of small and medium-sized unorganized players across the globe. These vendors increasingly focus on providing integrated services to their customers as they have high end-user


January 12, 2017 | 66 Pages | SKU: IRTNTR11519

Overview of the global industrial robotics services market

The global industrial robotics services market is anticipated to grow at a steady rate and will post a CAGR of more than 9% during the forecast period. The increasing availability of remote services and the internet of things (IoT) by vendors in the market will drive the growth prospects for the global industrial robotics services market for the next four years. It has been noted that most vendors are increasingly providing online modes for delivering customer services with the growing adoption of internet worldwide. For instance, ABB is moving away from the conventional approach of providing break and fix services to incorporate services that are predictive and proactive through the combination of their Remote Service Platform and the IoT. IoT provides timely updates about the condition of robots and equipment in real time by monitoring parameters such as the temperature, central processing unit (CPU) load, and the number of hours the robot has been active and sends it to the remotely located vendors.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the market’s growth in the region is the increasing use of robotics in both discrete and process industries in the US. Also, the vendors in the region are increasingly particular about providing services without compromising on quality and flexibility, which, in turn, has resulted in the incorporation of industrial robotics in manufacturing processes in non-automotive industries including F&B.

Competitive landscape and key vendors

The global industrial robotics


January 11, 2017 | 72 Pages | SKU: IRTNTR11507

Overview of the global insulation market

The global insulation market is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The growing need for energy efficiency in buildings will drive the growth prospects of the global insulation market for the next four years. The commercial and residential buildings increasingly use refrigerator and air-conditioners and witness a high-energy demand, which contributes significantly to the global energy consumption. One of the major benefits of using insulation materials is to reduce the leakage of energy, which increase the efficiency of a building by cutting down on excess wastage of power.  Also, with the increasing cost of energy across the globe, the government of various countries is stressing on using products that consume less energy. Some of the major factors that drive the market’s growth include high noise reduction coefficient (NRC) value of 0.95, easy, hassle-free, and quick installation, and prevention of cracks in buildings due to thermal stress.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. Some of the major factors responsible for the growing demand for insulation in new projects are the infrastructural growth and the increased awareness about the advantages of building insulation. Also, the trend of building insulation in this region helps end users to inflate their overall profit margin as it allows them to regulate and optimize their energy consumption. Moreover, the growing rate of urbanization, industrialization, and the need for energy efficiency in buildings will also drive the demand for these insulation materials in the


Overview of the global artificial intelligence (AI) market in the industrial sector

The global artificial intelligence (AI) market in the industrial sector is anticipated to grow rapidly and will post a CAGR of close to 53% during the forecast period. The development of deep-learning technology will drive the growth prospects for the global AI market for the next four years. The deep-learning software is an advanced version of AI technologies that attempts to mimic the activity and functioning of the human neocortex. One of the major factors responsible for the increasing use of this product is its ability to recognize patterns of sounds, images, and other data. Also, it is highly gaining popularity among its end users as it enables computer scientists to model several layers of virtual neurons and multiple neural networks.

The increasing use of AI to combat cyber security threats will drive the growth prospects for the global AI market in the coming years. Some of the issues that can be addressed by such systems include the failure of firewall and signature-based techniques to stop current threats, a large volume of security threat data, and scalability challenges in addressing security threat data with people.

Competitive landscape and key vendors

The global AI market is highly competitive and diversified due to the presence of a large number of vendors across the globe. These vendors compete against each other based on factors such as product features, product prices, customized solutions, and the services offered. Also, they are increasingly


January 10, 2017 | 89 Pages | SKU: IRTNTR11477

Overview of the global collaborative robots market

Technavio’s market research analyst predicts the global collaborative robots market to grow exponentially at a CAGR of above 60% by 2021. One of the primary growth drivers for this market is the rise in the adoption of collaborative robots by SMEs. Cobots allow these industries to stay competitive despite high labor costs and maintain manufacturing activity in a developed country. This concept is also called reshoring and maintains the balance of manufacturing activity and employment globally. This advantage has generated high interest among small and medium scale enterprises to incorporate collaborative robots in their factory floor. For instance, vendors such as Comau have designed the Racer 3 collaborative robot targeted especially for small and medium-sized companies to automate their operations in metal processing, food and beverage, plastic, packaging and electronic industries. Moreover, these robots are developed by deploying the latest sensor integration, plug and play technologies, and automatic robot program generation from computer-aided design (CAD) data. Factors such as lowered cost, high efficiency, and the ability to execute vital tasks across industries will propel the growth of this market during the forecast period.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The collaborative robots market in APAC is characterized by its strong automotive, electrical and electronics, semiconductor, and metal processing industries. China, Japan, and South Korea are the major adopters of cobots in the region. In developing


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