Technology - Market Research Report, Industry Report, Analysis Report: April 2016

Friday, 29 April 2016

Industrial robotics market size to grow at a CAGR of 7.0% from 2014 to 2020: Grand View Research

The global industrial robotics Industry was estimated at USD 25.68 billion in 2013 and is expected to reach USD 40.00 billion by 2020 owing to increased number of deployments in the manufacturing sector to simplify complexities and enhance productivity. Industrial robots are being increasingly used to simplify business activities including marketing, designing, selling, building, installing, maintaining and operating.

An increased emphasis has been laid on productivity index to sustain in the competitive environment of the manufacturing sector and achieve quality results is expected to drive the industrial robotics market. Increasing labor costs coupled with growing demand from automotive industry is anticipated to be a key driving factor in the industry.

Manual labor has eventually replaced with self-programming robots owing to the job efficiency and cost-effectiveness on account of their ability to sense environmental changes through integration of sophisticated sensors. Growing measures concerning safety rights of laborers are also expected to augment growth in the market.

Application of robots in non-automotive industries namely chemicals, food & beverages, electronics, and electricals have resulted in the development of new opportunities and prospects over the past few years. Increasing installation costs and lack of skilled labor are expected to pose a challenge for the companies.

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In 2013, automotive robots contributed to the highest market share by volume. The market is projected to gain prominence over the forecast period on account of technological advancements and integration of artificial intelligence. Increasing demand from heavy machinery and food processing industries are also expected to have a positive impact on growth over the coming years.

Asia Pacific accounted for the largest market in 2013 on account of substantial investments by organizations to expand globally. Countries including Korea, Japan, and China have experienced significant growth owing to supportive government programs involving tax incentivisation, investments in skill management, and R&D funding while Singapore, Taiwan, and India are anticipated to have a high potential for growth.

Rising production capacities in North America coupled with the modernization of factories are expected to result in an increasing number of robotic installations. Significant investment in robotics by automotive industry players in Europe is projected to augment demand over the forecast period.

The industrial robotics market encompasses numerous Japanese suppliers namely Denso, Motoman and Fanuc. Europe comprises of specialized industrial robotics establishments including Kuka and Comau along with prominent corporations including BAE and ABB Systems.

New entrants are expected to emphasize on a particular application and find ways to diversify to cope with high capital cost. Initiatives including “Blue Competence” sustainability initiative by Anlagenbaue.V. (VDMA) and VerbandDeutscherMaschinen, which aims at achieving environmental sustainability through technological modernization, is expected to propel growth in the coming years.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Tuesday, 19 April 2016

Router And Switch Market Size Is Expected To Grow At A Cagr Of 3.4% From 2015 To 2022: Grand View Research, Inc

The global router and switch market is expected to reach USD 41.03 billion by 2022, according to a new study by Grand View Research, Inc. High scale network infrastructure modernization across residential and commercial applications is anticipated to drive growth over the forecast period.

Growing demand for high speed internet along with technological advancements such as big data solutions, SDN, and cloud computing are expected to positively impact demand for the router and switch market. Owing to upgrading in technology along with shift in demand from hardware networking solutions to software-based solutions is expected to propel demand for core Ethernet devices.

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Shift towards Bring Your Own Device (BYOD) market is propelling companies to increase their allocation of IT budgets for enhancing network security. Owing to increased usage of mobile and other electronic devices at work, there is an increased need to strengthen the network security for effectively managing and supporting the devices combined with mitigating the threat of an outside attack.

However, network failure and hardware inefficiencies with configuration of multiple platforms are expected to hamper the router and switch market.

Further key findings from the study suggest:

Internet exchange routers market accounted for over 40% of the overall consumption in 2014 and is expected to shrink over the next seven years. High adoption rates of carrier Ethernet services have been leading to growing competition among operators, which results in their need to differentiate their offering.

Multiservice edge router market is expected to grow at a CAGR of 3.4% from 2015 to 2022. It supports a variety of communication technologies, including frame relay, Integrated Services Digital Network (ISDN) and T1 circuits which is further expected to boost sales.

The overall service provider routing industry is expected to shrink over the forecast period. However, growing demand for core devices with technologies such as 100 GB Ethernet becomes affordable as well as service providers complete their evaluations of latest core routing platform. Trends in carrier Ethernet, IP TV and multiservice networking are expected to drive edge router demand to over USD 18 billion by 2022. Ethernet service delivery to enterprises is another prime key growth factor for these products.

The service provider edge router industry is expected to grow at a steady rate as several service providers continue to deploy these for LTE backhaul networks, however, other service providers cut down on investment into the fixed IP traffic networks.

The industry primarily includes services such as BRAS, Ethernet access, Ethernet aggregation, and internet data center. The internet data center segment was valued over USD 3 billion in 2014 and is expected to lose share over the forecast period.

Asia Pacific router and switch market is expected to witness significant growth over the forecast period. It accounted for over 25% of the industry share in 2014 and is estimated to exhibit high growth prospects over the next seven years. India router and switch market is expected to outpace the other regional segments, growing at a CAGR of over 6.5% from 2015 to 2022. This growth is attributable to the various initiatives and framing of tenders for government projects in the wireless infrastructure along with huge investments to build their backhaul for expansions and new network build-outs.

Notable manufacturers include Huawei, Juniper Networks, Cisco, ZTE Corporation and Alcatel-Lucent. Huawei is directing its R&D efforts by manufacturing quality equipment at lower prices along with strengthening its foothold in developed economies such as North America.

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