Overview of the global industrial joysticks market
Technavio’s market research analyst predicts the global industrial joysticks market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the demand for customized joysticks. The demand for customized industrial joysticks from manufacturing industries is on the rise. For instance, the maritime, construction, and oil and gas industries require customized industrial joysticks to control different operations in their plant equipment. To take advantage of this opportunity, vendors are providing uniquely customized joysticks as per the end-user requirements with more user-friendly features like high-quality design, excellent touch and feel, protection from electromagnetic interference (EMI), and safety. Further, in the heavy machinery segment, the demand for better machine control operations will augment growth in the global industrial joysticks market during the forecast period.
One of the latest trends gaining traction in this market is the development of operator chair systems. Integrated systems provide adjustability and switches for operator safety and comfort, taking ease-of-use and efficiency to new levels while using industrial joysticks. The combined operating system structure comprises an assembly of different functions to enhance comfort and minimizes stressful seating spots for drivers and operators. Consequently, the rapid adoption of operator chair systems is expected to induce growth in the global industrial joysticks market in the coming years.
Competitive landscape and key vendors
The global industrial joysticks market is a highly consolidated market dominated by established MNC automation
Overview of the global building cable management systems market
Technavio’s market research analyst predicts the global building cable management systems market to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the rapidly accelerating bandwidth requirements for upgrading existing networks. The volume of data that is transmitted within an organizational network has increased significantly over the past few years. The growing use of instant messaging, VoIP, and video conferencing in organizations have increased the volume of packet data. This rapid increase in network traffic has led to a reduction in network efficiency and predictability. This rising demand for higher bandwidth for network traffic can be fulfilled by cable management systems. As these systems, can interconnect different networking devices on various network segments and store information about the location and availability of various network devices, the transmission of packet data becomes faster. This ability of the cable management system to facilitate faster data network will augment the global building cable management systems market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The cable management systems market in the Americas is driven by developed economies, such as the US and Canada. North American countries are expected to witness rapid developments in hospitality, retail, and office buildings, which will increase the scope of wired network implementation in such buildings. Moreover, in Mexico, he rising property prices and foreign investments in the commercial and residential sectors will
Overview of the global automated container terminal market
According to Technavio’s analysts, the global automated container terminal market is anticipated to grow rapidly and post a CAGR of 25% during the forecast period. The need to increase the rate of productivity of terminals will drive the growth prospects for the global automated container terminal market until the end of 2021. Some of the key factors driving the need for automation in container terminals includes cost reduction, improved consistency, predictability, the safety of operations, and reduced environmental impact. For instance, the deployment of automated stacking cranes (ASCs) results in better space utilization. Also, automated container terminals deliver containers much faster to truckers than fully manned terminals and are also cleaner, safer, and quieter than conventional terminals. Moreover, harmful diesel emissions are replaced with electricity and batteries that power these cargo-handling equipment which prevents harmful emissions. Furthermore, since container stacks are positioned perpendicular to the sea-going vessel and the gates, trucks can move quickly into and out of the terminals. In addition, yard efficiency and safety are further enhanced by separating the traffic from the machines that move the containers from the cranes to the stacks.
The growing number of new terminals with the adoption of automation will drive the growth prospects for the global automated container terminal market for the next four years. For instance, automation of container cranes is spreading across Europe with the growing number of investments in the world’s first automated depot for empty containers.
Competitive landscape and key vendors
Overview of the global remote input/output (I/O) modules market
According to Technavio’s market research analyst, the global remote input/output modules market is predicted to grow at a CAGR close to 6% during the forecast period. The increasing use of open-source software for programming remote I/O modules is one of the significant factors propelling this market’s growth prospects. The open source industrial automation software is an independent platform that offers a set of tools for growth and implementation. Besides offering a substitute for expensive in-house designs, the software also provides development libraries, interface applications, mass configuration tools, and front and back-end applications. The software supports companies that are under constant pressure to cut down on the development costs or are required to introduce new features in connected embedded designs quickly. Moreover, open programming software helps in faster application development, reduces commissioning time, and reduces life cycle costs, which will boost the adoption of I/O modules in the coming years.
One of the latest trends that is anticipated to gain traction in the global remote I/O modules market is the hike in the wireless I/O modules with cloud connectivity. Widely used for the operation and control of field instruments, the wireless remote I/O modules are fitted with high-speed data transfer confirming its easy operation among the field equipment. To add to the developments of the industries and smart cities, vendors provide remote I/O modules appropriate for an extensive range of the industries. Moreover, these wireless remote I/O modules lessen the cable costs and facilitate easier deployment as they can be used to gather
Overview of the global process safety systems market
Market research analysts at Technavio predict that the global process safety systems market will grow steadily during the next four years and post a CAGR of more than 4% by 2021. This market research analysis identifies the need for risk reduction in hazardous operations as one of the primary growth factors for the process safety equipment market. It has been observed that despite the application of a wide variety of safeguarding measures, process industries are constantly prone to accidents. This results in the increased need for the application of a variety of technical and non-technical layers of protection, such as safety instrumented systems (SIS) since they will help in boosting the productivity and also help in producing high-quality products at a much lower cost.
This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the process safety system market throughout the predicted period. The increased demand for energy and power in several countries in APAC and the growth of the major end-user industries in the region such as oil and gas and chemical and petrochemical, will significantly aid in the growth of the market in this region.
Competitive landscape and key vendors
This consolidated market is characterized by the presence of several international and small local players and is dominated by the well-established multinational automation manufacturers such as ABB, Honeywell International, Rockwell Automation, Siemens, and Yokogawa Electric. All the major vendors have well-established distribution networks and a clear
Overview of the global industrial clutches and brakes market
Technavio’s market research analyst predicts the global industrial clutches and brakes market to grow steadily at a CAGR of around 2% by 2021. One of the primary drivers for this market is the increasing demand for higher capacity conveyor drives. A conveyor drive system is a mechanical arrangement used for carrying goods from one location to another. An electric or mechanical drive controls the speed of the conveyor system through suitable arrangements of gear, clutch, and brake systems. Also, it has been observed that there is a rising demand for consumer goods, especially in the food and beverage sector, this has prompted the increase in requirement for high-capacity conveyor drives for the expansion of production processes. This rising investment in the food and beverage and power sectors across the world is facilitating the rapid employment of high-capacity conveyor drives to scale up production processes. As a result of this rise in demand for high-capacity conveyor drives the global market for industrial clutches and brakes will also witness growth during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The exponential expansion of the food and beverage industry in the US is the major contributor to the market dominance of industrial clutches and brakes products in the region. Moreover, the US is expected to convert most of its existing coal-fired power plants to natural gas and renewable-based power plants by 2035. This shift will further augment growth in the global industrial clutches and brakes market in the coming years.
Competitive landscape and key vendors
While traditionally the automation industry has not been on the cutting edge of technology, it has done a good job of co-opting widespread innovations in mainstream markets and using these developments for internal growth.
The industry has expanded significantly in recent years because of technologies like programmable logic controllers (PLCs) and distributed control systems (DCSs). These have helped reduce production cycle times and manufacturing costs and improved the overall efficiency of the manufacturing industry. Over the next few years, this industry is poised for significant growth, largely due to further technological innovations in areas such as M2M networking, nanoscale assembly systems, nanotechnology, and robotics.
Technavio’s industrial automation research is aimed at delivering in-depth insights on the market, with a focus on up-and-coming innovations in this space.