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Manufacturing Execution System Market with COVID-19 Impact - Global Forecast to 2026

The Manufacturing Execution System market study offers a thorough analysis of the key factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. The manufacturing execution system market is expected to grow from USD 11.5 billion in 2021 to USD 17.1 billion by 2026 at a CAGR of 8.3% from 2021 to 2026. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=536&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali COVID-19 has severely impacted the global economy and all the industries throughout the globe. Earlier mostly companies had to put a stop to all the manufacturing operations but now the lockdown has been uplifted in many parts of the world. Many remedial regimes have been followed in attempts to come up with a reliable treatment for COVID-19. At present, the approaches being used by the authorities are not prescribed by WHO. As the production has been affected by the COVID-19-triggered lockdown in 2020, the use of manufacturing execution systems has reduced. Most of the revenue generated in the manufacturing execution system market is from the services provided in the market. As the services are directly proportional to manufacturing activities, the manufacturing execution system market was thus getting significantly affected by COVID-19. This has resulted in a lower year-on-year growth rate for 2020 as compared with 2019. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=536&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali IT/OT convergence is the integration of information technology (IT) systems with operational technology (OT) systems. IT systems are used for data-centric computing, whereas OT systems monitor events, processes, and devices make adjustments in enterprise and industrial operations. IT and OT convergence also define the integration of IT systems, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) applications, with OT systems, such as Manufacturing Execution Systems (MES) and Supervisory Control and Data Acquisition (SCADA). Various organizations unlock several benefits from process automation and business intelligence with IT and OT for ensuring regulatory compliance.

Smart Home Market Size Forecast to 2026 with COVID-19 Impact Analysis

The latest Smart Home Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most players in this market. The smart home market size is expected to reach USD 138.9 billion by 2026 from USD 84.5 billion in 2021, at a CAGR of 10.4% during the forecast period. Key players in the smart home market include Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), ABB (Switzerland), Robert Bosch (Germany), Sony (Japan), Samsung Electronics (South Korea), Crestron Electronics (US), LG Electronics (South Korea), and Legrand (France). Apart from these, Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), SimpliSafe (US), Armorax (US), Canary (US), Lutron (US) are among a few emerging companies in the smart home market. Download PDF Brochure @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=121&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali The increasing number of internet users and growing adoption of smart devices along with growing need for energy-saving and low carbon emission-oriented solutions has been crucial for increased demand of smart home systems. In addition to this, factors such as increasing importance of home monitoring in remote locations and growing concern with regards to safety, security and convenience among general population is driving the growth of the smart home market. “Entertainment and other controls to hold the largest share of the smart home market during the forecast period” The entertainment and other controls segment is expected to account for the largest share of the smart home market during the forecast period. The growth of the audio, volume, and multimedia room control market is driven by the convenience offered by these controls for managing as well as controlling entertainment systems within a house. The advancements in wireless communication technologies are a major factor boosting the growth of the home theater system control market, thereby driving the smart home market for entertainment control. The market growth of the other controls segment can be attributed to the high demand for smart meters and smoke detectors as well as the increasing popularity of smart plugs, smart hubs, and smart locks. “Behavioral type software and services segment to hold larger market share during the forecast period”

Industrial IoT Market by share, size, Trend and Forecast

Industrial IoT Market Report provides an in-depth summary of IoT Market Status as well as Product Specification, Technology Development, and Key Manufacturers. The IIoT market is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2026, at a CAGR of 6.7% during the forecast period. The growth of the IIoT industry is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129733727&utm_source=freepro-sonali&utm_medium=sonali&utm_campaign=sonali The COVID-19 pandemic has significantly impacted the industrial IoT market. With the pandemic persisting in North America and developing Asian countries, the manufacturing sector is facing tremendous challenges. The US automotive industry, one of the biggest in the world, has stagnated since the third quarter of 2020. Various automotive companies have downsized their manufacturing activities across the region, rendering technologies such as IoT, AI, and Blockchain employed in their manufacturing units useless. Mexico is a big beneficiary of the automotive industry in North America. However, the significantly reduced production of automobiles has resulted in tremendous losses for the Mexican automotive sector. Market Dynamics of IIOT Market Drivers : Rapid adoption of artificial intelligence (AI) and Internet of Things (IoT) in the manufacturing sector Since the inception of Industry 4.0, the penetration of AI and IoT technologies in the manufacturing sector has been increasing rapidly. AI- and IoT-integrated systems allow optimization of manufacturing processes, send early alerts, contribute to quality control, and forecast equipment failure in machinery. By gathering precise data, manufacturers can develop innovative AI applications to differentiate themselves from their competitors. The outbreak of the COVID-19 pandemic in 2020 resulted in a testing time for the manufacturing sector. Restrictions on movement, stringent lockdowns, and unavailability of workforce forced manufacturers to improvise their production processes. This resulted in an accelerated use of AI and IoT in manufacturing processes. Activities such as condition monitoring and equipment maintenance were carried out with the help of AI and machine learning (ML) algorithms in the absence of a regular workforce in manufacturing units.

Thermal Imaging Market worth $4.7 billion by 2026

The Thermal Imaging Market research study has 137 market data Tables and 57 Figures spread through 220 Pages and in-depth TOC. The thermal imaging market is projected to grow from USD 3.6 billion in 2021 and is expected to reach USD 4.7 billion by 2026, growing at a CAGR of 5.5% during the forecast period. The key factors driving the growth of the global thermal imaging market include Increasing government expenditure on the aerospace & defense sector boosting the growth of the thermal imaging market, Increasing adoption of thermal imaging in the automotive industry, growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions, and others. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1300&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali Thermal cameras segment to account for the largest share of thermal imaging market during the forecast period On the basis of product types, the thermal imaging market has been segmented into three categories—thermal cameras, thermal scopes, and thermal modules. The thermal cameras segment held the largest share of the thermal imaging market in 2020 and is expected to continue this growth during the forecast period. Several reasons, such as an electronic image of high-quality precision produced in less time and the availability in different types (handheld, mounted, and standalone) and various micro-and nano-sizes, contribute to this dominance. Security and surveillance segment to account for the largest share of thermal imaging market during the forecast period Based on applications, the thermal imaging market has been segmented into security and surveillance, monitoring and inspection, and detection and measurement. The security and surveillance segment held the largest share of the thermal imaging market during the forecast period. Rapid urbanization increases the demand for advanced thermal imaging solutions for security and surveillance applications. The rising conflicts and terrorist activities among countries also increase the demand for well-equipped systems to monitor the countrys borders from the illegal intrusion of enemies and protect the country from them.

Electronic warfare Market worth $20.9 billion by 2025

The electronic warfare market 2021 research study has 273 market data Tables and 82 Figures spread through 340 Pages. The electronic warfare market size is projected to grow from USD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. The electronic warfare market is dominated by a few globally established players such as BAE Systems Plc. (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies, Inc. (US), Israel Aerospace Industries (Israel), and SAAB AB (Sweden), among others, are the key manufacturers that secured electronic warfare contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of armed forces across the world. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1301&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali COVID-19 Impact on the Electronic warfare Market Electronic warfare is now among the crucial requirements of the defense and intelligence agencies across countries. Hence, military and intelligence agencies are the key end users, showcasing greater demand for electronic warfare equipment. Some industry experts have noted that the COVID-19 pandemic has not affected the demand for electronic warfare, especially for military end use. Companies such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), and L3Harris Technologies (US) received contracts for the supply of electronic warfare to the armed forces of various nations in the first half of 2020, showcasing continuous demand during the COVID-19 crisis. However, due to the precautionary measures undertaken by government agencies to minimize the spread of COVID-19, many manufacturing facilities have been temporarily closed, which has resulted in delays in order deliveries. This trend seems to vary with countries in 2020. While countries in Europe show steady growth in demand for electronic warfare; a more significant increase in demand is observed in North America. Below are some important developments that showcase the increase in demand for electronic warfare in the defense sector during the COVID-19 crisis in the North American region. Opportunities: Development of new-generation air and missile defense systems

COVID-19 Impact on the FSO Market

The overall FSO market is expected to grow from USD 402 million in 2020 to USD 1,977 million by 2025; it is expected to grow at a CAGR of 37.5% during 2020–2025. The overall VLC market is expected to grow from USD 6.3 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 66.5% during 2020–2025. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=946&utm_source=Freeprom-sonali&utm_medium=sonali&utm_campaign=sonali Key factors fueling Free Space Optics (FSO) and Visible Light Communication (VLC)/Light Fidelity (Li-Fi) Market growth include the alternative solution to overburdened RF technology for outdoor networking, last-mile connectivity, faster and safer data transfer than other challenging technologies, and less energy consumption by LEDs. The demand for Li-Fi technology is increasing across the world to provide secure communications with high data bandwidth, and so on. Various applications such as healthcare, consumer electronics, defense, and commercial create a strong demand for FSO/Li-Fi for efficient industrial operations in the midst of COVID-19. The software is expected to account for the largest share of the Li-Fi market by 2025. Due to the commercialization of bidirectional VLC in late 2017, the demand for software solutions is projected to rise and support the uplink and downlink for two-way communications in various applications Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=946&utm_source=Freeprom-sonali&utm_medium=sonali&utm_campaign=sonali The FSO market for the healthcare application and VLC market for underwater communications application is expected to grow with the highest CAGR during the forecast period. FSOs are hugely deployed in the healthcare application, where wireless communication through radio waves is not allowed due to potential health hazards. On the other hand, Underwater communications rely on acoustic technologies that limit the speeds to a fraction of terrestrial wireless systems. RF does not work underwater, but visible light can support high-speed data transmission over short distances in this environment. VLC can be a safe alternative to RF communication and serve the purpose of this untapped application area.

What is a challenge for the Energy Harvesting System Market?

The energy harvesting system market growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance surging implementation of IoT devices in automation and energy harvesting systems for building and home automation increasing trend for green energy and favorable initiatives by governments rising adoption of wireless sensor networks equipped with energy harvesting systems are some of the prominent factors for the growth of the market globally. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=734&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali The energy harvesting system market is estimated to be worth USD 468 million in 2021 and is projected to reach USD 701 million by 2026, at a CAGR of 8.4 %. The emergence of COVID-19, a deadly respiratory disease that originated in China, has become a pandemic and has spread globally at a fast pace. The impact of COVID-19 on the energy harvesting system market is currently limited, but the adoption of energy harvesting solutions may reduce more than expected in the short term as many service providers and integrators are involved in managing the unprecedented pandemic. The US is a major hub for the adoption of energy harvesting systems in applications such as building and home and industrial automation. Europe is home to many major players in manufacturing energy harvesting systems. With COVID-19 still impacting many economies across the world, it is impossible to predict the accurate impact on the market. As there are several suppliers of components and devices in Europe, the impact of lockdown is expected to affect global players. The disruption caused by the shortage of semiconductor components has resulted in a delay in the development of new energy harvesting modules and products. This has further stagnated the growth of existing orders received for energy harvesting systems. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=734&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali Devices powered by harvested energy are used in industrial applications, building and home automation, consumer electronics, and wearable devices. The conventional cabling systems for sensor networking require a lot of time for installation and also incur high costs due to the wiring. Portable power equipment such as lithium-ion, magnesium-ion, and lead-acid batteries have a short lifespan and are more prone to damage. Research has proven that it is possible to increase the energy density in lithium-ion batteries through paper folding techniques; however, it increases the risk of explosion if the temperature rises above the threshold due to overcharging. On the other hand, by harvesting a small amount of wasted energy, an increase in equipment uptime can be witnessed without using any battery as a primary power source. Energy harvesting requires no external electricity to charge the device. Thus, there is no need to power the device externally, either by cables or by portable batteries, which consequently reduces the maintenance cost and saves the overall operating cost. Several companies are working on enhancing energy harvesting technology to reduce the cost of the devices and save energy. EnOcean (Germany) installed several wireless and self-powered switches that save 40% of the energy cost by automatically controlling the lighting in buildings. Since there is no need for additional battery; no replacements or maintenance is required. Perpetuum (UK) manufactures electrodynamic vibration harvesters, which are used for powering systems and extending their lifespan to 18 to 20 years owing to the absence of batteries.

Millimeter Wave Technology Market Size Forecast to 2026 with COVID-19 Impact Analysis

The latest Millimeter Wave Technology market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the players in this market. The global millimeter wave technology market size is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8%. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali Increase in broadband and mobile speeds, rise in use of millimeter wave in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications are among the factors driving the growth of this market. Considering the telecom sector, millimeter wave technology products have found increasing adoption mainly due to the increasing trends in 5G infrastructure. COVID-19 will delay 5G delivery, which could affect revenue and CapEx projections. In March 2020, 3GPP, the global association developing the world’s 5G technology, announced a three-month delay in the timeline for the completion of 5G specifications: Releases 16 and 17. Stage 3 of Release 16 was completed in July 2020. Also, further work on Release 17 is shifted by 3 months, so the freezing of Stage 3 will take place in September 2021. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=981&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali Broadband speed is a crucial enabler of IP traffic. Broadband speed improvements result in increased consumption of high-bandwidth content and use of applications. The global average broadband speed is expected to grow twofold between 2020 and 2025, from 62.5 Mbps to >130 Mbps. Several factors influence the fixed broadband speed forecast, including the deployment and adoption of fiber-to-the-home (FTTH), high-speed DSL, and cable broadband adoption, as well as overall broadband penetration. Countries such as Japan, South Korea, and Sweden lead in terms of broadband speed largely because of their widespread deployment of FTTH. Currently, 5G technology standards are still in the development phase. However, in some of the developed nations, 5G has been deployed, which includes pre-standard 5G technologies using millimeter wave spectrum for low-latency, high-capacity fixed wireless broadband networks. Millimeter wave frequencies enable the use of very narrow beamwidth antennas, allowing generated power to be precisely directed to where it is needed with a high-speed capacity. The unique characteristics of millimeter waves enable near-line-of-sight wireless networks and make point-to-multipoint technology possible, enabling a single transmitter to serve multiple transceivers at various locations.