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Instrument Cluster MarketOverview, Global Analysis Market Size, Share, Top Trends, Growth and Forecast 2018 – 2028

Instrument Cluster Market – Introduction

A clear and precise display of information is vital for the driver to ensure a safe and comfortable ride. The different types of instrument clusters have been witnessing increasing traction in the automobile sector, as they provide attractive and accurate information to keep the driver vigilant while driving. Instrument cluster is a driver information system that combines vital details, such as vehicle speed, traffic condition, and amount of fuel available, and displays it to ensure a safe drive. This instrument cluster system includes speedometer, illumination, fuel gauge, and warning indicators & pointers. Instrument cluster has become the key product differentiator for automotive original equipment manufacturers (OEMs) in recent years.

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The proliferating automotive industry is fueling the adoption of instrument clusters, as these driver information systems are witnessing increased adoption in a various vehicles that range from entry level to premium models. The growing penetration of instrument clusters in the ever evolving automotive industry pushed the market to value roughly US $ 9 Billion in 2018.

Instrument Cluster Market – Competitive Landscape

  • In January 2019, Yazaki introduced an instrument cluster with seamless appearance, enhanced display content visibility & better clarity to provide optimal driving experience. This launch has made Yazaki the first automotive supplier to use an optical coupling adhesive in instrument cluster design in a bid to provide a seamless display appearance.
  • In November 2018, German multinational engineering & electronics company, Robert Bosch GmbH, launched the world’s first curved instrument cluster on the road. The new 1,500mm curved instrument cluster is highly customizable, with preference options for viewing the navigation maps, speedometer, and telephone list, among others.

Robert Bosch GmbH

Established in 1886 & headquartered in Stuttgart, Germany, Robert Bosch GmbH operates as a subsidiary of Robert Bosch Stiftung Gmbh. The company offers technology and services across the world. Robert Bosch GmbH operates in four segments: industrial technology, mobility solutions, energy and building technology, and consumer goods, segments.

Continental AG

Founded in 1871, and headquartered in Hanover, Germany, Continental Aktiengesellschaft (AG) was formerly known as Continental-Caoutchouc- und Gutta-Percha Compagnie. Continentawl AG develops products, systems, and services for various industries worldwide, and operates through powertrain, tires, interior, chassis & safety, and ContiTech segments

Visteon Corporation

Headquartered in Michigan, USA, Visteon Corporation is an American global automotive electronics supplier that spun off from the Ford Motor Company in 2000. Viseon Corporation provides automotive systems, modules, & components to vehicle manufacturers as well as the aftermarket industries. Visteon Corporation manufactures a wide range of products, such as electronics, interiors, climate control systems, and lighting, and serves customers worldwide.

Toshiba Electronic Devices & Storage Corporation

Founded on 2009, and based in Tokyo, Japan, Toshiba Electronic Devices & Storage Corporation is a subsidiary of Toshiba Corporation, and provides semiconductors. Toshiba Electronic Devices & Storage Corporation has an extensive product portfolio, including, storage products, MOSFETs, diodes, ASSPs, sensors, microcomputer products, & optical semiconductor devices, among others. The company provides services to various industries, mainly automotive, motor control, industrial, consumer electronic, and wireless communication markets worldwide.

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Instrument Cluster Market Dynamics

Burgeoning Adoption of Hybrid Technology in Instrument Clusters Fueling their Sales

Shifting consumer preference for clearer and easy-to understand information display has been increasing adoption of hybrid technology in instrument cluster market. Automotive companies are increasingly incorporating hybrid instrument clusters for an a wide range of vehicles, including commercial vehicles, passenger cars, and two-wheelers, which in turn is driving growth in instrument cluster market. Furthermore, unprecedented growth in the sales of passenger and commercial vehicles is simultaneously fueling the adoption of hybrid instrument clusters across various vehicles.

Upward Demand for Instrument Cluster in Connected and Hybrid Cars Driving Market Growth

Burgeoning focus on technologies involved in developing a vehicle’s ability to connect with other devices and vehicles to enhance the overall driver experience is gaining significant traction in instrument cluster market. Furthermore, increased consumer awareness about the potential of advancing technology has been driving auto makers to adopt vehicle components that deliver enhanced driving experience. Consequently, automotive companies are incorporating advanced, wide & clear, and connected customizable instrument clusters to appeal to a wider consumer base. With manufactures increasingly investing in advancing technology, especially for high-end luxury cars, instrument cluster market is anticipated to witness positive changes in the forthcoming years.

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Instrument Cluster Market – Segmentation

Based on application, instrument cluster market is segmented into:

  • Speedometer
  • Odometer
  • Tachometer
  • Others (Temperature Gauge, Fuel Gauge, Oil Pressure Gauge)

Based on vehicle type, instrument cluster market is segmented into:

  • Passenger Car
  • Commercial
  • Two-wheeler
  • Agriculture
  • Off-highway

Based on technology, instrument cluster market is segmented into:

  • Analog
  • Hybrid
  • Digital

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Interventional Radiology Market Current Scenario and Future Growth Analysis by 2025

Global Interventional Radiology Market: Snapshot

Interventional radiology (IR), also known as vascular and interventional radiology (VIR), is a medical specialty which provides minimally invasive image-guided diagnosis and treatment of various diseases and ailments. A vast range of procedures are performed by interventional radiologists all over the globe, However, the application of image guidance and minimally invasive techniques in order to minimize risk to the patient, are two principles followed by all radiologists, regardless of which procedure is used.

Interventional radiologists mainly perform both diagnostic and therapeutic procedures. However, diagnostic angiography is becoming less common as the quality and reliability of CT and MRI angiography caused alternative forms of non-invasive evaluation and treatment to spring up.

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Diagnostic interventional radiology mainly includes three subcategories – angiography and, cholangiography, and biopsy. Angiography involves retrieving images of the blood vessels to check if abnormalities are present with the use of various contrast media. Such media includes iodinated contrast, gadolinium based agents, and CO2 gas. In contrast, cholangiography deals with retrieving images of bile ducts within the liver to look for areas of blockage. In case of biopsy, a tissue sample is taken from the area of interest, and is checked for pathological examination from a percutaneous or transvenous approach.

Compared to diagnostic methodologies, numerous therapeutic exist such as endovascular aneurysm repair, balloon angioplasty, embolization, thrombolysis, dialysis, endovascular laser treatment, central venous catheter placement, drainage catheter placement, and many others. From an overall perspective, the therapeutic procedures are divided into various sub-categories such as vascular, intervention, catheter placement, ablative, genitourinary, and pain management.

With numerous chronic diseases on the rise in recent times owing to unhealthy lifestyles and other habits, a large need of interventional radiology procedures is happening in recent times. This has been greatly propelling the market. However high costs required for availing these treatments may hinder the global interventional radiology market’s growth.

Global Interventional Radiology Market: Overview 

Interventional radiology (IR) is a medical sub-specialty of radiology, which uses minimally invasive image-guided procedures and methods to diagnose and treat various diseases. IR techniques include a range of radiological image guidance methods such as ultrasound, X-ray fluoroscopy, computed tomography (CT), and magnetic resonance imaging (MRI). IR has transformed every sphere of patient management process and has gained traction among clinicians and patients due to the use of minimally invasive image-guided techniques.

The interventional radiology market is highly competitive. Interventional radiologists provide cost-effective and better quality care than most other surgical alternatives by minimizing risks to patients and improving health outcomes. Most popular IR procedures include central venous access, angiography, balloon angioplasty, stenting, embolization, and a variety of catheter-based diagnostic and therapeutic tools. 

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Global Interventional Radiology Market: Key Trends 

The interventional radiology market is primarily driven by the thrust for minimally invasive techniques in the diagnosis and treatment of diseases worldwide. The host of benefits that make IR procedures preferable to traditional treatments include reduced risks to patients, shorter hospital stays, lower cost of treatment, enhanced comfort, and speedy convalescence. The use of IR for treating a wide spectrum of chronic diseases has provided an impetus to the global market.  Constant technological advancements in computer-assisted visualization and robot-assisted surgery are anticipated to positively impact the IR market. In addition, relentless efforts by healthcare providers in improvising the success rate of IR procedures are expected to propel the market over the forecast period. Fueled by prominent trends in a value-based healthcare environment, IR services are being increasingly targeted at outpatient settings.

Global Interventional Radiology Market: Market Potential 

The range of therapeutic and diagnostic conditions targeted by IR procedures is continually expanding, so is the growth outlook of the IR market. Inroads made by artificial intelligence (AI) in various automation technologies have recently opened up new vistas in interventional radiology and likely to transform patient care in the not-so-distant future. Last month, interventional radiologists at the University of California in Los Angeles (UCLA) sed AI to create a virtual radiologist, called “chatbot”, a type of virtual consultant developed to help clinicians make crucial decisions.

Powered by “deep learning technologies”, these interventional radiologists can automatically communicate with various referring clinicians and provide them with evidence-based answers via text messages. This helps the referring physicians equip their patients with real-time information related to the next phase of treatment and help them select the best course of action. Currently, the prototype is being tested by a small team of radiation oncologists, hospitalists, and interventional radiologists at UCLA.

The potential of the technology can be gauged from the fact that the researchers used over 2,000 model data points based on the most common queries interventional radiologists are generally asked during consultations. The research findings were presented at the annual scientific meeting of the Society of Interventional Radiology 2017 held in March 2017. The investigator of the study, Kevin Seals, MD, a resident physician at UCLA, intends to expand the potential of AI to design a master assistant that will be independent of institutions and can be used for other medical specialties.

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Global Interventional Radiology Market: Regional Outlook

Geographically, North America is a prominent market for interventional radiology procedures. The impressive growth of the regional market is attributed to increasing prevalence of chronic diseases, the soaring demand for minimally-invasive image diagnostics, and advancement in automation technologies.  Meanwhile, the Asia Pacific market is expected to clock a higher CAGR over the forecast period driven by rising geriatric population, increasing government support, and significant advances in healthcare infrastructure. Various emerging markets in Asia mirror ample opportunities for companies on account of a large untapped market. 

Global Interventional Radiology Market: Competitive Analysis 

Companies are making substantial R&D investments in various imaging modalities to improve the success of IR procedures. Leading players are targeting emerging economies to consolidate their shares in the IR market. Some of the prominent players eyeing profitable avenues in the interventional radiology market are Siemens Healthcare GmBH, Toshiba Medical Systems Corporation, Koninklijke Philips N.V., Carestream Health, Inc., GE Healthcare, Hitachi Medical Corporation, Esaote S.p.A, Fujifilm, Hologic, Inc., and Medison.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Brain Monitoring Market Scope and Opportunities Analysis 2017 – 2025

Global Brain Monitoring Market: Snapshot

Brain monitoring systems are used to measure the electrical or neuronal activity of the brain for various reasons such as to calculate bispectral index, i.e. the depth of anesthesia, diagnosis and monitoring of neurological and brain disorders, sleep disorders, trauma injury,to monitor intracranial pressure, and many other activities. These devices can be invasive or non-invasive and are also used to guide surgeons and other healthcare specialists while they carryout brain surgeries. Brain monitoring devices are also used to check health outcomes, while treatment of brain disorders is being undertaken.

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These devices use either intracranial pressure and blood flow dynamics, or electrical impulses as an indicator of brain activity, to function. In contrast to its functioning, interpretation of data derived from the brain monitoring system depends on the level of expertise present in a clinician who is behind the entire treatment processes. In this case, technical aspects of methodology also are play a large role in the phase of interpretation of received data. Intracranial pressure (ICP) monitors, electroencephalograph (EEG) monitors, oximeters, and Transcranial Doppler sonography, among many others, are key brain monitoring systems used all over the world.

As incidences of neurological disorders is rising expansively all over the world, the global brain monitoring market is experiencing extensive growth in recent times. Widespread advancements in technologies associated with healthcare and medical sectors, especially in term of neurological disease diagnosis and treatments, has also made the market pick up rampant pace. The increasing occurrences of shock, traumatic injuries, post-surgical injuries, and other associated scenarios have also made the market grow rapidly.

However, high costs of providing monitoring followed by treatments is greatly restricting the global brain monitoring market. Nevertheless, many companies are expected to introduce cost-effective solutions in the next few years, which could reduce the effect of restraints, substantially.

Global Brain Monitoring Market: Overview

Recent findings bring out the crucial role of brain monitoring devices in critical care units, driven by the increasing number of accidents. The global brain monitoring market offers a range of devices that monitor and identify abnormal brain activities, assisting in the treatment of brain-related disorders. According to the U.S. National Institute of Mental Health, every fourth adult in the U.S. is affected by a brain disorder, while nearly 6% of the population suffers from disabilities originating from severe brain damage.

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By end user, neurology centers, ambulatory surgical centers, hospitals, clinics, and ambulances can be some of the major segments of the market. Based on procedure, invasive and non-invasive can be the two broad categories. By type of disease, traumatic brain injuries, epilepsy, Huntington’s disease, sleep disorders, strokes, dementia, headache disorders, and Parkinson’s disease can be the key segments.

Global Brain Monitoring Market: Key Trends

Growing incidence of neurological and psychotic conditions, greater number of traumatic brain injuries, increasing awareness pertaining to neurodegenerative diseases and technological breakthroughs in the domain of brain monitoring have been the key growth drivers of the global brain monitoring market. The demand for non-invasive brain monitoring procedures has been escalating, promoting the market’s growth. Greater safety, reduced costs, enhanced speed, and convenience of these methods are some prominent advantages of non-invasive brain monitoring.

On the contrary, the dearth of skilled professionals, high costs of these devices, and the presence of unfavorable reimbursements might create obstacles for the growth of the global brain monitoring market. However, the emergence of cutting-edge technological solutions will open up doors to newer opportunities.

Global Brain Monitoring Market: Market Potential

The global market for brain monitoring is characterized by an upsurge in R&D activities and new product developments. For instance, a probe for monitoring brain activity was revealed by a consortium of European scientists in March 2017. The probe is made using graphene, a material offering greater flexibility, chemical stability, and biocompatibility. Graphene technology is in its nascent stage and promises great opportunities in brain interfaces with prosthetic devices, brain stimulation therapies, and clinical monitoring equipment.

Similarly, a novel technology developed at Northwestern’s Kellogg School of Management assessed the brain waves of movie trailer viewers to predict the success of that particular film at the box office. The surprisingly accurate results of the study can aid researchers determine what content is most appealing, memorable, and engaging to consumers. This new technique that uses brain monitoring was developed by neuroscience and business professor, Moran Cerf in collaboration with neuroscience Ph.D. researcher Sam Barnett. They are working on how it can be used in sports stadiums, political campaigns, and classroom environments.

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Global Brain Monitoring Market: Regional Outlook

By geography, the global brain monitoring market can be segmented into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Led by the U.S. and Canada, North America is likely to claim the leading share in the global market for brain monitoring. The growth of this region can be attributed to the rising incidence of sleep and neurodegenerative disorders, greater availability of insurance coverage, and government encouragement. Asia Pacific is slated for substantial growth over the next few years as the demand for brain monitoring devices in China and India goes on increasing, triggered by growing geriatric population and greater health awareness amongst people.

Global Brain Monitoring Market: Competitive Analysis

A number of companies are opting for mergers and acquisitions, collaborations, and partnerships to ramp up their profit. Some of the major companies operating in the global market for brain monitoring are GE Healthcare, Electrical Geodesics Incorporated, Nihon Kohden Corporation, Covidien PLC, Advanced Brain Monitoring, Natus Medical Inc., Philips Healthcare, CAS Medical Systems, Inc., Siemens Healthineers, Medtronic plc, and Compumedics Ltd.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Ultrasound Market Segmentation Detailed Study with Forecast to 2025

Global Ultrasound Market: Snapshot

The rising prevalence of various chronic diseases, such as cancer and cardiovascular diseases (CVDs), is driving the global market for ultrasound, significantly. The increasing preference for minimally invasive, as well as non invasive diagnostic procedures, together with innovation and advancements in technology, is projected to boost this market in the near future. The increasing cases of injuries in tendons, muscles, joints, vessels, and other internal organs are expected to support the growth of this market over the next few years.

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Apart from this, the expansion in the geriatric population base across the world, the increasing number of hospitals, clinics, and diagnostic centers, and the continuous introduction of highly efficient imaging products in the market are also expected to act as the growth drivers for this market in the years to come. Moreover, the rise in the global population base (birth rate) is anticipated to fuel the demand for advanced ultrasound devices in the near future. The increase in the expenditure in the medical and healthcare sectors, rise in the funding and investments in public and private sectors partnerships for advanced ultrasound devices, and the constant miniaturization of ultrasound devices are projected to offer significant opportunities for growth of the global market for ultrasound over the next few years.

The worldwide market for ultrasound is mainly spread across North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Europe, among all, has occupied the leading position. Analysts at TMR Research project this regional market to remain on the top over the next few years, thanks to the presence of a well-established medical and healthcare infrastructure.

Global Ultrasound Market: Overview

The increasing number of pregnancies and medical complications have been driving the global ultrasound market for the past few years. Hospitals are showing fast adoption of ultrasound devices in areas of urology, radioecology, gynecology, cardiology, vascular, and others. Though radiology/general imaging has a dominant share in the market, the cardiovascular segment is projected to show rapid progress due growing demand for understanding complicated problems associated with the heart. Improved imaging is expected.

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Global Ultrasound Market: Key Trends

The incidence of cardiovascular diseases and cancer have shown tremendous rise in the past decade due to the drastic changes in lifestyle and dietary choices. Thus, the high prevalence of wide range of infectious and chronic diseases are expected to augment the demand for ultrasound devices in the coming years. The global market is also expected to witness a spur in demand as the number of accidental and sporting injuries go up in numbers. Injuries caused to vessels, joints, tendons, muscles, and other inaccessible organs of the body require and ultrasound checkup to determine the intensity and decide the intervention.

The popularly used devices in the global ultrasound market are display devices and portable devices. The portable devices segment includes handheld ultrasound devices and trolley/cart based ultrasound devices. Analysts anticipate that the emergence of point-of-care (POC) diagnostics are expected to drive the global market in the coming years. On the other hand, the display segment includes color display and black and white display. Of these, the color display segment is gaining good traction as it offer clear visuals.

Global Ultrasound Market: Market Potential

Augusta University is working on developing a 3D ultrasound machine to not just support their research but also to aid conclusive diagnoses of concussions and other injuries to the head. This machine will be designed, specifically for sports injuries. The team received a handsome grant to develop a chip that will be incorporated in the conventional transducer to make it a 3D transducer. This machine will be relatively cheaper than the currently available 3D and 4D ultrasound solutions.

Such initiatives by leading players and other research institutes will create a positive atmosphere for the growth of the global ultrasound market. Firms are also looking at collaborating with colleges and other research institutions to deliver higher quality of products. Miniaturization could be the next novel trend in the global market as it will revolutionize ultrasound for several, giving them a chance to understand the condition at a lower rate.

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Global Ultrasound Market: Regional Outlook

In terms of geography, the global ultrasound market is segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Of these, Europe held a leading share in the global market in 2014. Analysts predict that the region will lead the way for others as the healthcare sector is witnessing rapid technological innovation that has led to the launch of new products. Additionally, strong presence of leading players and increasing investments in research and development are expected to propel the growth of the global market.

North America is also projected to be instrumental to the growth of the ultrasound market. The well-established healthcare sector in the region and supporting government initiatives are expected to boost this regional market. The vast potential of unmet medical needs and the rising prevalence of diseases such as cancer across Asia Pacific is expected to boost the regional market.

Key Players Mentioned in this Report are:

Some of the key players operating in the global ultrasound market are GE Healthcare, Fujifilm Holdings Corporation, Analogic Corporation, Toshiba Medical Systems Corporation, Siemens Healthcare, Esaote S.P.A, Philips Healthcare, Hitachi Medical Corporation, and Mindray Medical International Ltd.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Cancer Diagnostics Market Latest Trends and Future Growth Study by 2025

Global Cancer Diagnostics Market: Snapshot

With the tremendous rise in the prevalence of cancer across the world, the global market for cancer diagnostics is witnessing a remarkable surge in its size. The technological advancements in devices used in the diagnosis of cancer are also supporting the growth of this market, significantly. One of the main causes of deaths, globally, is cancer. Therefore, medical and healthcare professionals are concentrating on the development of efficient diagnostic and treatment solutions to control the prevalence rate. Since, the early diagnosis increases the success ratio of treatment regimens, medical and healthcare agencies and device vendors through several awareness programs are encouraging routine checkups for cancer diagnosis, worldwide. This, in turn, is likely to boost the global market substantially in the years to come.

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The global market for cancer diagnostics is led by imaging devices, in terms of products. Thanks to the advent of imaging modalities, such as magnetic resonance imaging (MRI) and computed tomography (CT) scan, this product segment is expected to remain on the top over the next few years. Among the types of tests, laboratory and genetic tests have been leading the global market and is projected to continue doing so in the years to come. North America, among regional markets, has acquired the dominant position, thanks to the presence of a well-established medical and healthcare infrastructure. Researchers anticipate this scenario to remain the same over the forthcoming years. Asia Pacific and Europe, among other regional markets, are also projected to witness high growth in the near future, thanks to the presence of lucrative growth opportunities.

Global Cancer Diagnostics Market: Overview 

Cancer, caused by environmental factors causing gene mutations and affecting cell regulatory proteins, is one of the diseases that is resulting in the highest expenditure for treatment. Growing incidences of cancer is fueling the market for cancer diagnostics at an exponential rate. Advancements in technology coupled with growing government funding, and initiatives for research and development have resulted in the positive growth of the global cancer diagnostics market. As per the World Health Organization, the number of deaths reported due to cancer was 8.2 mn in 2012. In addition to this, 14 mn new cases are being registered across the globe. All these factors are expected to push the demand for cancer diagnostics.

Cancer can be diagnosed by using diagnostic devices which not only confirms the presence of tumor, but also gives information regarding the rate at which it is growing inside the body. This is boosting the global demand for cancer diagnostic devices.

Global Cancer Diagnostics: Key Trends

The advent of proteomics, genomics, metabolomics, transcriptomics and other such breakthrough detection techniques is expected to fuel the demand for cancer diagnostic devices. Additionally, the breakthrough development in companion diagnostics is also expected to create positive environment for an increase in the demand for cancer diagnostic devices. Some of the other factors anticipated to drive this market is the rise in the awareness level of patients and an increase in the number of screenings, which in turn is leading to an early diagnosis of cancer and increasing the chances of survival. However, there are various factors that are affecting the demand for these devices. Some of them include, the high cost of medical laboratory infrastructure, insufficient reimbursement for innovative technologies, and strict guidelines and procedures implemented by government.

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Global Cancer Diagnostics: Market Potential 

Cancer diagnostic devices are being used by pharmaceutical companies for monitoring, administering, and diagnosing the cancer treatment process. Pharmaceutical companies such as Roche are shifting their focus from developing drugs to diagnostic devices. Roche’s cobas EGFR mutation test helps in the diagnosis of neck and head cancers.

Scientific advancements have made possible complex and customized approach to cancer in molecular diagnostics. Abbott Molecular is one of the key players in oncology molecular diagnostics and has developed Vysis FISH assays, which offers features such as processing flexibility, reduced inventory management, and simplified workflow. All these factors help to reduce operating costs. Such developments are helping the growth and progress of the global cancer diagnostics market.

Global Cancer Diagnostics Market: Regional Outlook

In terms of geography, North America, followed by Europe is leading in the cancer diagnostics market. The adoption rate of preventive diagnostic techniques is high, fueled by increasing government efforts to create awareness about cancer. Other factors pushing the demand for cancer diagnostic devices in the region include, growing prevalence of breast, lung, and prostate cancer in these regions.

As per the report, Asia Pacific is also expected to witness a positive growth in the forecast period with developed nations such as Australia and Japan as well as developing nations such as China, Thailand, Singapore, and India creating opportunities of growth for the cancer diagnostics market.

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Global Cancer Diagnostics Market: Competitive Landscape 

Some of the key vendors operating in the global cancer diagnostics market are: Abbott Laboratories, AstraZeneca, Ambry Genetics, Eli Lilly and Co., bioMerieux, Roche, GlaxoSmithKline plc, Pfizer, and Novartis. 

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Wound Dressings Market Share and Growth Factors Impact Analysis 2017 – 2025

Global Wound Dressings Market: Snapshot

A significant rise in the geriatric population and the growing incidences of diabetes are some of the key factors that are estimated to encourage the growth of the global wound dressings market in the next few years. The rising government initiatives and the growing awareness among people regarding new technologies are anticipated to accelerate the growth of the overall market in the coming years. The key players in the market are focusing on technological advancements and innovations, which is predicted to offer potential growth opportunities for market players in the next few years.

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The increasing number of mergers and acquisitions and the increasing growth potential in several emerging nations are some of the other key factors that are estimated to enhance the growth of the overall market in the near future. On the flip side, the high cost of technologically-advanced products is likely to restrict the growth of the global wound dressings market in the next few years. Nonetheless, the rising focus on innovations and developments are predicted to accelerate the growth of the overall market in the near future.

Among the key regional segments, Asia Pacific is projected to lead the global wound dressings market in the coming years. The growing demand for traditional wound dressings and the rising geriatric population are projected to encourage the growth of wound dressing market across Asia Pacific in the next few years. This region is estimated to be followed by North America, thanks to the rising contribution from the U.S.

The competition among the leading players operating in the wound dressings market across the globe are Organogenesis Inc., Convatec, Inc., Acelity L.P., Inc., Derma Sciences, Inc., Covidien PLC, Hollister, Inc., Medline Industries, Inc., Mölnlycke Health Care, Smith and Nephew PLC, Coloplast Corp., Integra Lifesciences Holdings Corp., and 3M Company. Several new players are predicted to enter the global market in the next few years.

Global Wound Dressings Market: Overview

The two type of wound dressings available in the global wound dressings market are traditional and advanced. The traditional wound dressings continue to be popular in developing countries due to the known certainty of their outcome. On the other hand, the advanced wound dressings are still trying to find their footing in the overall market. However, improving awareness about healthcare institutes, caregivers, and patients about benefits of advanced wound dressing materials such as foams, films, alginates, and collagen amongst others is expected to propel the market’s growth. The widening applications of wound dressings that go beyond accident cases and household wounds to diabetic ulcers and surgical complications have also triggered substantial demand for good quality of wound dressings.

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Global Wound Dressings Market: Drivers and Trends

The rising pool of the aging population, who are susceptible to injuries and thus require medical attention are expected to fuel the rise of the global wound dressings market. Growing number of diabetics who require swift healing measures and effective wound dressings are also expected to boost the overall market. The increasing number of infections, injuries, and accidents have all contributed significantly to the soaring profits of the global wound dressings market.

The rising healthcare expenditure and the improving awareness amongst patients about wound dressings have also had a positive impact on the global market. Furthermore, introduction of affordable wound dressing materials is also projected to open up several lucrative opportunities for the global market.

Global Wound Dressings Market: Market Potential

Hartmann, a key player in the global wound dressings market, launched HydroClean(R) plus. The product won the ‘Most Innovative New Dressing’ award at the Journal of Wound Care Awards 2017. The product has been integrated with a unique rinsing-absorption mechanism that allows autolytic debridement, thereby letting the physician to clean the wound effectively to ensure the best possible wound progression. The company is focused on delivering simple, affordable, and effective wound care solutions that will change the way healthcare professionals look at wound care. HydroClean(R) plus aids moist wound bed preparation, which improves the healing time and ensure better quality of life for the patient.

Thus, the players operating in the global wound dressings market have a tremendous potential for growth in the coming years if they focus on product innovation. Designing wound dressings materials that are effectively and ensure faster healing will garner a loyal consumer base in the long run, predict analysts.

Global Wound Dressing Market: Regional Outlook

In terms of geography, the global wound dressings market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, Asia Pacific is expected to lead the pack in the coming years due to a high demand for traditional wound dressings. The high level of price sensitivity in the developing economies of the region is expected to fuel the growth of the traditional wound dressings market in the near future. This conventional wound dressings segment will also progress in Asia Pacific regional market due to the low adoption of newer technologies.

On the other hand, the U.S. will lead North America wound dressings market during the forecast period. The growing awareness of diseases and disorders, high prevalence of surgeries, diabetic patients, and improved access to healthcare are expected to fuel the regional’s progress in the near future.

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About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Infrared Imaging Market Poised to Expand at a Robust Pace Over 2028

Infrared Imaging Market – Introduction

Infrared (IR) imaging is a technique used to capture invisible infrared image to convert it into a visible image. Infrared light is invisible to human eye and needs IR cameras and imagers. Infrared imaging devices are equipped with special sensors which enables them to operate even in darkness, and make them a viable choice for various applications. Infrared imaging market is rapidly accelerating owing to the growing adoption of infrared imaging systems for applications, such as security check, and surveillance of important equipment in enterprises.

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Infrared imaging was initially developed for military applications, such as binoculars, gun lights, and night vision cameras, however, now it is widely used for various commercial purpose due to growing technology advancement in this space. As closed circuit television (CCTV) camera technologies fail to provide proper detection of image in darkness, infrared imaging technology is gaining traction for the same. Infrared imaging system can easily penetrate through dust, smoke, fog and even during the worst lighting conditions to capture images, which is fueling its adoption for various applications. These driving factors pushed the infrared imaging market to value roughly US$ 5 Billion in 2018.

Infrared Imaging Market – Competitive Landscape

  • In April 2019, publicly traded sensor technology developer FLIR Systems made a strategic investment in an outsourced drone imaging company DroneBase to offers its thermal product solutions to DroneBase customers.
  • In March 2019, responding to the growing need to protect documents inside & outside of the enterprise, General Dynamics Mission Systems has inked an OEM deal with Vera. This agreement is aimed at incorporating Always-on File Security into Route 66 Cyber Enterprise Digital Rights Management software as a service and on-premises offerings of General Dynamics.

Bosch Security Systems

Founded in 1968, Bosch Security Systems, Inc. is a subsidiary of Robert Bosch GmbH and designs and supplies security equipment for communications, access control, video surveillance, and intrusion and fire detection applications across the world. Bosh Security Systems has an extensive product portfolio. Some of the company offerings are access control and system solutions; analog cameras, IP cameras, monitors, accessories, digital video recorders, and video software; conference systems, and fire alarm systems.

Axis Communications AB

Founded in 1984, Axis Communications AB is headquartered in Lund, Sweden, with additional offices in Washington, DC; Nairobi, Kenya, and Irvine, California. The company operates as a subsidiary of Axis AB (publ), and develops and offers a wide range of video surveillance & access control solutions. Some of them are fixed cameras, thermal cameras, fixed domes, panoramic cameras, HD and megapixel cameras, PTZ cameras, and outdoor cameras; and video encoders & video server racks. Axis Communications AB also provides Network Radar Detector for area detection of moving objects in diverse light and weather conditions.

Infrared Integrated Systems Ltd

Founded in 1996 and headquartered in Northampton, United Kingdom, InfraRed Integrated Systems Ltd. is a subsidiary of TGA Industries Limited. InfraRed Integrated Systems Ltd. offers a wide range of products and services for people counting & real time queue management across the United States and internationally. The company also offers thermal sensors for diverse applications across various industries.

General Dynamics Mission Systems, Inc,

Founded in 2002, General Dynamics Mission Systems Inc, is headquartered in Fairfax, Virginia, and was formerly known as General Dynamics Advanced Information Systems, Inc. General Dynamics Mission Systems, is a subsidiary of General Dynamics Corporation, and designs, develops, and manufactures imagery sensors, secure communications systems, cyber products, and command & control systems for customers in the United States and beyond.

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Infrared Imaging Market – Dynamics

Wide Industrial & Commercial Applications Driving Adoption of Infrared Imaging

The infrared imaging market is growing at a steady pace due to their growing adoption for industrial and commercial use. This burgeoning adoption of infrared imaging systems is attributed to the growing development in high speed and advanced IR cameras, coupled with their rising implementation in military application under soldier modernization programs. Additionally, the introduction of high definition imaging technology has also triggered the adoption of infrared imaging systems in various sectors.

High Cost & Potential Inaccuracy in Result Impeding Growth in Infrared Imaging Market

High cost of infrared imaging systems has been making some enterprises reluctant towards the adoption of this technology. Additionally, as infrared imaging system can’t detect the difference in objects with a similar range of temperature, it often leads to inaccurate results. These factors are challenging the growth of stakeholders, who are in the pursuit of leveraging innovation to develop low-cost and more precise infrared imaging systems.

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Infrared Imaging Market – Segmentation

Based on technology, the infrared imaging market is segmented into:

  • Cooled Infrared Imaging
  • Uncooled Infrared Imaging

Based on application, the infrared imaging market is segmented into:

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection

Based on wavelength, the infrared imaging market is segmented into:

  • Near Infrared
  • Shortwave Infrared
  • Mid-wave Infrared
  • Long-wave Infrared

Based on vertical, the infrared imaging market is segmented into:

  • Industrial
  • Nonindustrial

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COVID-19 Industry Impact

Automatic Lubrication System Market foreseen to grow exponentially over 2028

Automatic Lubrication System Market Introduction

With the increasing trend of industrialization worldwide, the demand for automatic lubrication systems has reached new heights. Automatic lubrication systems are being adopted to ensure the long life of manufacturing equipment and optimum performance of the whole machinery. A variety of industrial end-users are adopting advanced technology of automatic lubrication systems to attain more reliability of mechanical components and a significant reduction in production downtime.

The global market for automatic lubrication systems was pegged at US$ 742 million in 2017, and increasing awareness about the advantages of implementing high-tech automatic lubrication systems is expected to trigger growth of the market in the upcoming years. The growth prospects of the market are mainly attributed to the industrial growth and continually evolving lubrication technologies.

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In addition, the improved accuracy and efficiency of automatic lubrication systems with developments in technologies is expected to attract more customers in the coming future. Thereby, leading players in the automatic lubrication system market are adopting next-generation technologies to introduce advanced and innovative features, which will sync with end-users demands, to boost their profitable sales.

However, unawareness about the operational technicalities about automatic lubrication systems remains a major impediment for growth of the automatic lubrication system market. Dearth of skilled workers and lack of knowledge about the system’s maintenance cycles can lead to an automatic lubrication system’s failure, which is likely to restrict market growth in the upcoming years.

Automatic Lubrication System Market – Notable Developments

  • AB SKF – a leading bearing and seal manufacturing company based in Sweden – recently announced the launch of its new grease reservoir filling filter and a remote monitor for automatic lubrication systems. The company declared that the new filter can help to limit the amount of contaminants and impurities entering in the automatic lubrication systems. In addition, the new remote monitor for automatic lubricant systems are specifically designed to be compatible with grease and oil, and for the application with systems that cannot be monitored every day due to the position or nature of the automatic lubrication systems.
  • Apex Dynamics, a U.S.-based player in the automatic lubrication system market, recently introduced a fully automatic smart lubrication system that automate manual lubrication processes for moving parts. The company announced that its smart automatic lubrication system is environmentally friendly, cost-effective, and more productive, as it lowers the production downtime. Apex also declared that the new automatic lubrication system can be used in unique applications such as lift and movement platforms, running belts, paternoster systems, and automatic proofing systems for bakeries.

Some of the most prominent competitors operating in the competitive landscape of global automatic lubrication systems market include –

  • Graco
  • Cenlub Systems
  • SKF
  • Freudenberg Group (Klüber Lubrication)
  • BAIER + KOEPPEL
  • Pricol
  • Timken

Automatic Lubrication System Market Dynamics

Preference for Automatic over Manual Lubrication Remains a Major Driver for Market Growth

The global manufacturing industry is undergoing technological transformations and machines are replacing human resources in a variety of operational sectors in the industry. The similar trend has been contributing to the increasing demand for automatic lubrication systems, as the manual lubrication processes carried flaws and lacked efficiency.

A majority of end-users are opting for automatic lubrication systems over their manual variants, especially where the position of nature of its application is unreachable for the human resources. In addition, automatic lubrication systems are provide more cost-efficient as compared to manual lubrication processes and consume less time, thereby offering improved productivity.

In addition, the ongoing developments in technologies is further expanding the scope for innovations in the design of automatic lubrication systems, which will further improve prospects of the automatic lubrication system market in the coming years.

Increasing Growth of the Steel Industry will broaden the Range of Applications

According to the World Steel Association, which is an international trade body for the iron and steel industry, the global steel production increased from 1.4 billion tons to nearly 1.7 billion tons between 2010 and 2017. Increasing growth of the global steel industry is mainly attributed to the favorable global economic momentum and increasing use of steel in a wide range of industrial sectors including automotive, packaging, and construction.

Growth of the automotive lubrication market mainly hinges on the developments in and expansion of the global steel industry as increasing use of high-quality steel has triggered the need for efficient and high-performance automatic lubrication systems. Growing adoption of manufacturing equipment made of high-quality steel is expected to boost sales of automatic lubrication systems to ensure the durability and operational efficiency of the equipment. This is expected to play an important role in growth of the automatic lubrication system market.

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Automatic Lubrication System Market Segmentation

The automatic lubrication system market is segmented based on:

  • System Types
  • Lubrication Type
  • End-use Industry

Based on the types of systems, the automatic lubrication system market is segmented into:

  • Oil and Air Lubrication System
  • Circulating Oil Lubrication System
  • Series Progressive Lubrication System
  • Single-Line Lubrication System
  • Dual-Line Lubrication System
  • Multi-Line Lubrication System

Based on the types of lubrication, the automatic lubrication system market is segmented into:

  • Oil-based Lubrication
  • Grease-based Lubrication

Based on the end-use industries, the automatic lubrication system market is segmented into:

  • Steel
  • Manufacturing
  • Transportation
  • Mining
  • Power
  • Cement
  • Construction
  • Paper & Printing
  • Agriculture

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TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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COVID-19 Industry Impact

Industrial Lifting Equipment Market is likely to register double digit CAGR during 2018 to 2028

Industrial Lifting Equipment – Competitive Landscape

  • In April 2019, Toyota Industries North America formally acquired the assets of Hoist Liftruck Manufacturing LLC, a U.S. manufacturer of high-capacity liftrucks. Toyota has called this acquisition the ideal next step in the expansion of their big truck strategy.
  • In February 2019, a leading player in industrial lifting equipment market, Liebherr showcased its four novel mobile cranes, LR 1800-1.0 crawler crane, LTM 1230-5.1 mobile crane, an 8-axle and a 5-axle crane at bauma 2019. These newly-launched cranes make high performing, cost effective, and flexibility lifting equipment, as they are backed by the company’s consistent advanced development of successful technologies.

Liebherr-Werk Ehingen GmbH

Founded in 1969, Liebherr-Werk Ehingen GmbH is a global leader in mobile cranes manufacturing space. The company’s extensive product portfolio include high-tech telescopic & lattice boom cranes on crawler and wheeled chassis.

Toyota Industries

Founded in 1926 & headquartered in Kariya, Japan, Toyota Industries Corporation manufactures & sells material handling equipment, textile machinery, and automobiles in Japan and beyond.

KION Group

Established in 2006 & headquartered in Frankfurt am Main, Germany, the group provides a wide range of industrial trucks, supply chain solutions, warehouse technology, and related services globally. KION Group develops, manufactures, and sells forklifts & warehouse trucks, and operates in Supply Chain Solutions, and Industrial Trucks & Services segments.

Terex Corporation

Founded in 1925 and headquartered in Westport, US, Terex Corporation is a global manufacturer of lifting & material handling solutions for diverse industries, such as construction, shipping, mining, infrastructure, energy, transportation, refining & utilities. Terex Corporation operates through three segments: Cranes, Material Processing (MP), and Aerial Work Platforms (AWP).

Columbus McKinnon

Established in 1875 & based in Getzville, New York, Columbus McKinnon designs, manufactures, & markets cranes, rigging tools, hoists, digital power control systems, actuators, and other material handling equipment for industrial and commercial applications worldwide.

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Industrial Lifting Equipment Market Dynamics

Upward Demand for Lifting Loads in Diverse Industries Driving Market Growth

Burgeoning demand for lifting loads in the expanding shipping industry coupled with the rising adoption of forklifts in the warehouse & logistics segment are driving the sales of industrial lifting equipment. As industrial lifting equipment makes loading and unloading of heavy metals products an easy task for shipping purposes, their demand is likely to grow further in the forthcoming years.  Furthermore, mining industry considerably relies on hoists and cranes for several applications, which are also creating lucrative growth opportunities for industrial lifting equipment companies.

High Initial Costs & Slow Speed of Industrial Lifting Equipment Impeding Market Growth 

High initial costs of industrial lifting equipment are increasingly making several companies reluctant towards the adoption of these machines. Moreover, the incapability of industrial lifting equipment to lift up wide range of weights are also restraining their adoption. Additionally, high failure rate and maintenance requirements are other factors impeding the growth in global industrial lifting equipment market.

Advanced Technology Takes Centre Stage as Industries Seek High-Performing Lifting Equipment

Shifting industrial preferences for fast operating, robust, and compact lifting equipment is driving the demand for customized and advanced machinery. Also, the demand for industrial lifting equipment that occupy less space for transit and installing applications is growing rapidly. Consequently, companies are focusing on developing low-cost, and compact industrial lifting equipment that can lift wide range of weights and can operate at a fast pace, in a bid to appeal a wider target audience.

Industrial Lifting Equipment Market – Segmentation

Based on type, the industrial lifting equipment market is segmented into:

  • Lifts
  • Fork lifts
  • Hoists
  • Stackers
  • Pallet trucks
  • Robotic arms

Based on mechanism involved, the industrial lifting equipment market is segmented into:

  • Hydraulic
  • Pneumatic
  • Electrical
  • Magnetic
  • Scissor lifts

Based on nature of installation, the industrial lifting equipment market is segmented into:

  • Overhead
  • Fulcrum
  • Vehicle mounted

Based on application area, the industrial lifting equipment market is segmented into:

  • Manufacturing industry
  • Process industry
  • Shipping industry
  • Dockyards
  • Warehouses
  • Others

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About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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COVID-19 Industry Impact

Depth Sensing Market Estimated to Experience a Hike in Growth by 2028

Depth Sensing Market Introduction

The global market for depth sensing had been growing at an exponential rate in the past decade. The market crossed the US$ 1 billion market in 2017, and it is likely to grow at a double-digit CAGR during the next decade.

The tech industry is constantly undergoing transformations, giving rise to new groundbreaking innovations, which is one of the most important factor instrumental in boosting development of the depth sensing technologies. The depth sensing market is witnessing impressive growth as depth sensors are becoming the most commonly used components in the latest tech innovations in robotics and Artificial Intelligence (AI).

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Depth sensing is becoming an important feature in next-gen electronic products, including smartphones and laptops, as the conventional world of 2D smartphone cameras is transitioning towards the 3D world. Smartphone manufacturers’ futuristic approach towards the tech-based features is expected to boost growth of the depth sensing market. Leading manufacturers in the tech industry are hinging on the recent developments in the depth sensing industry to launch groundbreaking features of consumer electronic products.

Depth Sensing Market – Notable Developments

  • In January 2019, Sony Depthsensing Solutions – a leading developer of imaging sensors and a top-tiered company in the depth sensing market – announced that it has adopted strategies to introduce the next generation of visual-processing chips through depth sensing lenses and a new set of 3D sensors. The company also declared its plans to ramp up its production of visual-processing chips in the coming years while catering to the increasing demand from smartphone manufacturers to introduce better face recognition features.
  • Intel Corporation – an American multinational corporation and technology company and a leading player in the depth sensing market – recently announced that it has expanded its D400 RealSense cameras series with the launch of two new RealSense depth cameras – D415 and D435. The company also announced that the newly launched depth sensing cameras enable end-users to process depth data at high framerates in real time, which makes these cameras ideal for educators and content creators.

Some of the most prominent competitors operating in the competitive landscape of global depth sensing market include –

  • Sony Depthsensing Solutions
  • Intel
  • Texas Instruments
  • Qualcomm
  • BECOM BLUETECHNIX
  • Infineon Technologies
  • Stereolabs
  • Creative
  • Pmdtechnologies
  • Espros
  • Occipital
  • Vrmagic
  • Melexis
  • Tower semiconductor
  • ASUSTeK Computer
  • Nerian Vision Technologies
  • PrimeSense
  • Aquifi
  • Sunny Optical Technology
  • LIPS Corporation

Depth Sensing Market Dynamics

Growing Applications of Depth Sensing in Consumers Electronics will Drive Market Growth

Ever-growing demand for next-generation consumer electronics, such as smartphones, tablets, and laptops, has triggered applications of state-of-the-art technologies in the consumer electronics industry. Leading technology companies are incorporating latest technologies to offer depth sensing features to the latest versions of their existing products, to maintain a competitive edge in the market. With the implementation of innovative technologies to introduce depth sensing features, such as AR-VR (augmented reality and virtual reality), face recognition, scanning, and gesture control, in new smartphones, the global market for depth sensing is expected to witness positive growth in the upcoming years.

Asia Pacific Region to Prove Lucrative for Depth Sensing Market Players

With the strong presence of leading technology companies in developed countries, such as the U.S. and leading European Countries, the depth sensing market is witnessing positive growth in the developed regions. However, the unprecedented surge in the sales of next-generation consumer electronics has attracted global giants in the technology industry to invest in developing countries. Thereby, exponentially increasing demand for technologically advanced consumer electronic products, such as gaming headsets, laptops, and smartphones, in developing countries in the Asia Pacific region is expected to boost the incremental growth of the depth sensing market in the region.

Ever-expanding Smartphones Market will Generate Positive Growth Opportunities

Depth imaging features of smartphone cameras is one of the most prominent applications of the depth sensing technology, and growing popularity depth imaging features is expected to augur well for growth of the depth sensing market in coming future. Leading players in the depth sensing market are aiming to capitalize on increasing growth of the smartphones market, especially in the emerging economies, to gain momentum in the market.

Another important factor, which is triggering growth of the depth sensing market with rapidly-expanding smartphones industry, is the advantages of depth sensing is providing accurate sizing in customized applications of 3D body shape scanning. Discovery of such advanced features of depth sensing applications in smartphones and incremental growth prospects of the smartphones industry will provide an impetus to growth of the depth sensing market in the coming future.

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Depth Sensing Market Segmentation

The depth sensing market is segmented according to:

  • Technology
  • Product types
  • Component types
  • End-use industries

Based on technology, the depth sensing market is segmented into:

  • Time-of-Flight
  • Structured Light
  • Stereo Vision

Based on the product types, the depth sensing market is segmented into:

  • Active
  • Passive

Based on the component types, the depth sensing market is segmented into:

  • Camera/Lens Module
  • Illuminator
  • Sensor

Based on the end-use industries, the depth sensing market is segmented into:

  • Consumer Electronics
  • Industrial
  • Building Automation
  • Medical
  • Automotive

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TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.