Pressure Sensor Market Growth Opportunity, Status and Forecast Analysis Report till 2025

February 02, 2021: The global Pressure Sensor Market is expected to reach USD 11.91 billion by 2025. A pressure sensor can be defined as a device that is used to sense pressure changes and translate it into an electrical signal, that can be moderated depending on the strength of pressure. Factors, such as advancements in MEMS & NEMS technologies for various applications, increase in use of pressure sensors in automotive industry. In addition, favorable regulations for use of pressure sensors and increase in demand for pressure sensors in consumer electronics are likely to drive the pressure sensor industry in the forthcoming period.

On the other hand, intense pricing pressure is anticipated to hinder pressure sensor market growth in the future. However, the increasing demand for pressure sensors in numerous applications is likely to create lucrative opportunities for the market. Pressure sensor industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Pressure sensors market is segmented by type, product type, application and geography. The market is segmented by type as Resonant Solid State, Piezoresistive, Capacitive, Electromagnetic, Optical and Others. The “Piezoresistive” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include increasing use of MEMS sensors in wearable devices and consumer electronics is boosting market growth.

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Based on product type, the pressure sensors industry is segmented by Gauge Pressure Sensors, Absolute Pressure Sensors, and Differential Pressure Sensors. The “Absolute Pressure Sensors” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factor that could be attributed to the growth of market includes increasing demand in industrial applications for the measurement of vacuum levels.

The key applications are segmented in the pressure sensor market include Oil & Gas, Consumer Electronics, Industrial Applications, Automotive, Medical, and Others. The “Consumer Electronics” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include rising use of MEMS devices in wearable devices and consumer electronics is boosting the segment growth. The Consumer electronics segment is followed by the Automotive sector in the forthcoming period.

North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as increasing awareness about the advantages of automated systems and growing deployment of automated retrieval and storage systems (ASRS), presence of several semiconductor establishments, sensor manufacturers, and foremost system suppliers in North American countries. North America is followed by the Asia-Pacific region.

Key players operating in the pressure sensor industry include ABB Ltd, Emerson Electric Co., Analog Devices, Inc., Robert Bosch Gmbh, Delphi Automotive Plc, Denso Corporation, Honeywell International Inc., NXP Semiconductors, N.V., Damco Corporation, and Schneider Electric. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Product Outlook (Revenue, USD Million; 2014 – 2025)

• Absolute Pressure Sensors

• Differential Pressure Sensors

• Gauge Pressure Sensors

Type Outlook (Revenue, USD Million; 2014 – 2025)

• Wired

• Wireless

Technology Outlook (Revenue, USD Million; 2014 – 2025)

• Piezoresistive

• Electromagnetic

• Capacitive

• Resonant solid-state

• Optical

• Others

Application Outlook (Revenue, USD Million; 2014 – 2025)

• Automotive

• Oil & gas

• Consumer electronics

• Medical

• Industrial

• Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

• North America

• U.S.

• Canada

• Mexico

• Europe

• UK

• Germany

• France

• Russia

• Nordic Region

• Asia Pacific

• India

• Australia

• China

• Japan

• Latin America

• Brazil

• Argentina

• MEA

• Saudi Arabia

• UAE

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Automotive Electronic Control Unit (ECU) Market Growth by Top Companies And Forecast Report till 2025

January 29, 2021: The global Automotive Electronic Control Unit (ECU) market is set to expand at an exponential CAGR of 6.8% by the year 2025. Electronic control unit management is the science of electronically equipping, calibrating, and controlling an engine to achieve supreme and error-free engine performance. An ECU takes inputs from the in-vehicle network of sensors to carefully maneuver the driver’s movements.

“The law enforcement organizations and insurance companies have mandated the incorporation of a latest technological innovation called as an Event Data Recorder (EDR) to record all important events in a tamper-proof box. The EDR stored data is then used to reconstruct an accident scene by carefully studying the written data such as the driver’s behavior, speed, driving pattern, etc. and investigate the post-accident scenario.”

The increasing safety concerns across the globe is projected to drive the automotive ECU production and sales. Numerous technological advancements, along with growing awareness regarding the use of energy-efficient vehicles is providing an impetus to the industry demand. However, the rising incidences of catastrophic electronic control unit failure have demonstrated market growth hindrance. The regulatory bodies of different regions are emphasizing on incorporating anti-lock braking and automated safety systems, which in turn is boosting the demand for automotive ECU.

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Automotive ECU market can be segmented based on passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Passenger vehicles have been further sub-segmented into internal combustion engines, battery electric vehicles (BEV), and hybrid vehicles. By sales channel, the market has been categorized into original equipment manufacturers (OEM) and aftermarket. The automotive electronic control unit (ECU) industry has found its widespread applications across engine control module, powertrain control module, transmission control module, body control module, climate control module, airbag control module, electronic braking control module and steering control module among others.

Geographical segmentation has presented a detailed analysis of automotive electronic control unit market growth prospects across the regions of North America, the Asia Pacific, Europe, the Middle East, and Africa, and Latin America. North America is set to hold the highest market share ascribed to the widespread deployment of latest and advanced technologies like semiconductors and ultra-reliable low-latency network communications technologies. Penetration of high-end vehicles with onboard driver assistance system and the rising automotive investments have propelled Asia Pacific to emerge as the fastest growing region in the global market.

The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the dominant players operating in the automotive electronic control unit (ECU) market include Delphi Automotive, Robert Bosch GmbH, ZF TRW Automotive, Denso Corporation, Hitachi Automotive, Autoliv Inc., Mitsubishi Electric Co., Magneti Marelli S.p.A., Continental AG, and Takata Corporation among others.

The key players have identified current market dynamics in terms of its size, supply-demand value chain mechanism, prevailing trends, governing factors, drivers, challenges and opportunities, their competitive landscape and product innovation. Players are entering into business partnerships with fellow contestants and are significantly investing in innovation strategies, which is estimated to drive the cellular vendors to reach new growth markets. The market participants have identified the major distribution channels, supply chain mechanism, industry cost structure and production capabilities.

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Considering the changing competitive dynamics and the current scenario of the industry, it has set the automotive electronic control unit industry to grow at an exponential rate during the forecast years.

Market Segment:

Automotive ECU Application Outlook (Revenue, USD Billion, 2014 – 2025)

• ADAS & Safety System

• Chassis Electronics

• Powertrain

• Infotainment

• Others

Automotive ECU Regional Outlook (Revenue, USD Billion, 2014 – 2025)

• North America

• U.S.

• Mexico

• Canada

• Europe

• Germany

• UK

• France

• Asia Pacific

• China

• Japan

• India

• South Korea

• Rest of World

• Brazil

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Ceramic Tiles Market Growth Factors, Strategies And Highlights of The Market till 2022

January 25, 2021: Global Ceramic Tiles Market is expected to witness a massive growth in the forecast period. Ceramic tiles are one of the most prevalent tiles and they are used in building and structural activities. Ceramic tiles are a significant building material used in the construction industry as they are sophisticated, hard-wearing, and adaptable. They play an essential role in the decor of any space. Ceramic tiles are manufactured from numerous minerals and clays such as feldspar, zircon, bentonite, kaolin, and clay.

Numerous factors have been influencing the growth of the ceramic tiles industry such as urbanization, growing economy, higher per capita income, demand for repair and maintenance, are generating higher sales for the ceramic tiles. Additionally, there is a huge increase in the demand for enhanced aesthetics, sustainability and organizational dependability without a noteworthy surge in price is expected to form immense opportunities in ceramic tiles market in the current scenario.

Looking at the present set-up of the market, the existing as well as some new investors to invest more in this market, which will eventually encourage the manufacturers to come up with some intense innovations. This will eventually aid the ceramic tiles industry to foresee massive progress that will increase its demand, sales and supply chain tremendously in the estimated time span.

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The ceramic tiles market is segmented on the basis of type (wall tile, floor tile, vitrified tile, industrial tile); by application (floor, wall, rood, ceiling, countertop); by raw material (feldspar, kaolin, bentonite, silica sand); by construction (residential replacement, new residential, commercial, others); by end user (residential, non-residential) and by region (North America, Europe, Asia Pacific, South America, Middle East & Africa).

From a regional perspective, Asia Pacific is anticipated to generate the highest CAGR over the forecast period as the demand for residential replacement segment is accelerating the domination of this region globally. Followed by this, North America and Europe are likely to experience modest growth in the estimated time span. In the near future, ceramic tiles industry will continue to come up with some extraordinary product innovations to attract new consumers and investors, for them to continue the domination.

Some of the prominent key players outlined in the ceramic tiles market report are RAK Ceramics, China Ceramics Co., Ltd., Crossville Inc., Kajaria Ceramics and Saloni Ceramica. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the growth of the market efficiently.

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Market Segment:

Raw Material Outlook (Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 – 2022)
    • Alumina
    • Zircon sand
    • Silica
    • Kaolin
    • Others

Product Outlook (Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 – 2022)
    • Wall Tiles
    • Floor Tiles
    • Other Tiles

Application Outlook (Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 – 2022)
    • Residential Replacement
    • New residential
    • Commercial
    • Others

Regional Outlook (Volume, Million Sq. Mtrs.; Revenue, USD Million; 2012 – 2022)
    • North America
        • U.S.
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • China
        • India
    • South & Central America
        • Brazil
    • Middle East and Africa
        • Saudi Arabia

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Embedded System Market Opportunity, Status and Forecast Report 2020

January 21, 2021: In 2013, the Embedded System Market was valued USD 140.32 billion and is predicted to reach USD 214.39 billion by 2020 growing at CAGR of 6.3% from 2014 to 2020. The increased investment in automation technologies and growth in sales of electronic devices are key factors that are expected to drive the market. The use of embedded system has increased in many sectors. The Automotive industry is dominating among other industries. Embedded system is application-specific system that ensures accurate and desired functionality. The demand for devices such as smart electric meter is expected to propel the market.

The demand for smart meter has increased due to its capabilities such as sending accurate reading to suppliers and is expected to increase even more in forecast period. Technological advancement and availability of electronic components at low price will have positive impact on market. Embedded system has numerous applications in various fields; as a result the demand for systems is high. Besides, the demand from areas such as healthcare is expected to fuel market in next six years.

Product Insights
The hardware components used in embedded system dominated the overall market share in 2013. It accounted about 93.8% and is expected to dominate in coming period. Digital signal Processors, microcontrollers and microprocessors are key components used in embedded systems. The software component contains operating system (OS) that act as middleware between system and user. From 2014 to 2020, the segment is expected to grow at a CAGR of 8.1%.

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Application Insights
The use of embedded systems in automotive applications was the highest in 2013 and it accounted about 20.8% of market. The use in automotive industry is expected to dominate due to its use in infotainment, engine control and safety. Use of GPS and increasing use of electric vehicles (EV) and hybrid electric vehicles (HEV) is expected to boost the market.

The use of embedded system in healthcare sector is expected to be fast growing at a CAGR of 7.1 from 2014 to 2020. Embedded systems are designed to independently execute specific function. The growth in production and sale of consumer electronics such as smartphones, LED TV’s and other home appliances will help in growth of this sector in next six years. Data acquisition and feedback control system, smart metering system for automation will contribute in growth of the industry.

Regional Insights
In 2013, the North America was largest market and is expected to dominate in forecast period. Asia-pacific is expected to grow at a CAGR of 6.7% from 2014 to 2020. The number of trained professional and Taiwan semiconductor manufacturing company (TSMC) is main reason for growth of industry in the region. The use of java in mobiles in-order to develop different applications and to control NFC will eventually boost the market.

Competitive Insights
There are major player in the industry that offers different hardware and software products. Hardware component includes DSP’s, microcontroller and microprocessors. Automobile, consumer electronics, healthcare and telecommunication are sector in which embedded systems are used. Intel corporation, Atmel and Qualcomm, Samsung electronics Corporation are some key players among the established organization.

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The global embedded systems market was valued at USD 140.32 billion in 2013 and is expected to reach USD 214.39 billion by 2020, growing at a CAGR of 6.3% from 2014 to 2020.

Market Segment:

Embedded Systems Product Outlook (Revenue, USD Billion, 2012 – 2020)
        • Embedded Hardware
        • Embedded Software

Embedded Systems Application Outlook (Revenue, USD Billion, 2012 – 2020)
        • Automotive
        • Consumer Electronics
        • Healthcare
        • Industrial
        • Military and Aerospace
        • Telecommunication
        • Others

Embedded Systems Regional Outlook (Revenue, USD Billion, 2012 – 2020)
        • North America
        • Europe
        • Asia Pacific
        • RoW

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Injection Molded Plastic Market Business Opportunities with Prominent Investment Ratio till 2025

January 20, 2021: Global Injection Molded Plastic Market is anticipated to reach USD 496.22 billion by 2025. Injection molding is a method of manufacturing parts by injection of molten materials into a mold to get a preferred size and shape of the product. This procedure is used on several substrates such as elastomers, metals, glasses, but are mostly used in thermosetting polymers and thermoplastics.
Factors, such as growing construction activities in developing markets, increasing saturation in an automotive application, positive outlook of the packaging industry, technological advancement and rising disposable income are likely to drive the injection molded plastic industry in the forthcoming period.

On the other hand, unstable prices of key raw materials that include propylene, benzene, and styrene and rising environmental concerns related with their disposal are anticipated to hinder injection molded plastics market growth in the future. However, rise in spending on construction specifically in growing markets is likely to create lucrative opportunities for the market.

Injection molded plastic industry is expected to expand at a CAGR of 6.0% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Injection molded plastic market is segmented by raw material type, application, distribution channel, and geography.

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Injection molded plastics industry is segmented by raw material type as High-Density Polyethylene, Acrylonitrile-Butadiene-Styrene, Polypropylene, Polystyrene, and Others. The “Polypropylene” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include increasing consumption of household goods, packaging applications, and automotive components.

The key applications that is segmented in the injection molded plastics market include Consumer Goods & Electronics, Automobile, Building & Construction, Packaging, and Healthcare. The “Packaging” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include increased shelf life of food products, improved resistance towards tear and wear, and high strength is a limited requirement of plastics that need to meet for packaging applications. The injection molded plastic industry is segmented based on distribution channel as Offline and Online distribution.

Asia-Pacific is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as increasing infrastructure spending, growing automobile demand in countries such as India, China, Malaysia, and Indonesia, technological advancement in the region, rising disposable income and key end-use industries such as automobile and electronics are shifting their manufacturing base to APAC countries such as India, China, Indonesia and Thailand due to low labor prices. Asia-Pacific is followed by the Europe region.

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Key players operating in the injection molded plastic market include HTI Plastics, The Dow Chemical Company, BASF SE, Newell Rubbermaid, DuPont, INEOS Group, Nypro Incorporation, Rutland Plastics, LyondellBasell Industries, Berry Plastics Group, SABIC, Huntsman International Corporation, Becton Dickinson and Magna International Incorporation. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost inorganic growth of industry.

Market Segment:

Injection Molded Plastics Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
    • Packaging
    • Consumables & Electronics
    • Automotive & Transportation
    • Building & Construction
    • Medical
    • Others

Injection Molded Plastics Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
    • Polypropylene
    • ABS
    • HDPE
    • Polystyrene
    • Others

Injection Molded Plastics Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S
    • Europe
        • Germany
        • France
        • Italy
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East and Africa
        • Saudi Arabia

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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

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