Artificial Intelligence
Sensor Market to Hit USD 228 Billion by 2026 to Attain CAGR of 6.22% | APAC Region to Spearhead the Global Sensors Market
Pune, Feb. 08, 2021 (GLOBE NEWSWIRE) — Market Analysis The integration of sensors into any device improves its functionality, accuracy, and efficiency, increasing its automation. This, in turn, leads to a high growth rate in the sensor market.
The sensor market outlook appears promising, showing significant opportunities in the automotive, consumer electronics, healthcare, industrial, and aerospace & defense industries. Increased automation due to a spurring increase in various industries has an impact on the dynamics of the sensor industry. In addition, emerging trends, such as sensor miniaturization, growing advances in IoT & IIoT technology, and the spread of industry 4.0, and the emergence of 5.0, promote market growth.
Increased use of image sensors in various applications, such as cameras and medicinal devices, advances in gas sensors, and many other sensors, has an influence on the growth of the industry. Owing to the rapid rise in hospitalization, sensors are increasingly being used in medical devices and equipment. In addition, the growing use of sensors in smart grids, smart homes, and intelligent transport systems and developments in information and communication technologies are promoting market development.
Get Free Sample PDF Brochure: COVID-19 Impact on the Global Sensor Market Nevertheless, post lockdown limitations getting relaxed with time, the sensor market is steadily increasing again. Innovative market participants have aggressively begun to look for increasing application areas of sensors in monitoring and tracking devices developed for COVID 19. For example, researchers at the University of California have recently announced the development of a wearable sensor that can signal if the user develops COVID-19, even without any symptoms.
Such novel research is proving to be significant in improving the sensor’s market share. At the same time, the rising demand for pharmaceutical product packaging and healthcare products to address SARS-CoV-2 could be favorable for the sensor market in the years to come. It is also expected that the product demand in the end-use sectors will be able to pick up after the lockdown in a number of countries.
Market Segmentation By type, the global sensor market has been segmented into image sensors, optical sensors, humidity sensors, biosensors, motion sensors, temperature sensors, pressure sensors, touch sensors, radar sensors, level sensors, proximity sensors, and other sensors. Of these, the image sensor held the largest share, followed by biosensors and optical sensors, respectively. The rising use of image sensors in smart grids, smart homes, and intelligent transportation systems drive segment growth. By technology, the global sensor market has been segmented into MEMS, CMOS, NEMS, and others. By vertical, the global sensor market has been segmented into consumer electronics, industrial, healthcare, automotive, IT & telecom, aerospace & defense, and others. Automotive, construction, healthcare, packaging textile, food & beverage, and others are the top market end-users. In 2018, the top spot was secured by the healthcare segment, on account of the rising uses of smart connected monitoring devices.
Browse In-depth Market Research Report (302 pages) on Sensor Market: Regional Analysis APAC to lead the global market Increased demand for sensors due to increased awareness of industrial safety concerns and toxic gases leads to the increase in the market share of humidity and gas sensors. The massive expansion of leading end-use industries such as healthcare, automotive, food & beverage, and packaging and rising automation in the manufacturing sector have an effect on regional market growth. The APAC sensor market is anticipated to post 7.23% of CAGR during the forecast period.
Competitive Landscape BAE Systems plc (UK) is a global defense, security, and aerospace company. Its strategy consists of five main long-term focus areas that will enable the organization to achieve its vision and mission. BAE focuses on sustaining and rising key franchises and ensuring growth opportunities.
Its three strategic goals, which are implemented across the group, provide a link between our long-term strategy and the near-term business objectives for all employees. Recently, on 30th November 2020, the company was awarded a $2.4 billion munitions contract to equip the United Kingdom Armed Forces.
Notable Players in The Global 5G Technology Market Are: Ask Your Queries: Industry News 23rd December 2020 – A research team from the University of Osaka has announced the development of a transparent sensor that represents a significant breakthrough in flexible and transparent devices.
23rd December 2020 – A research team from the University of Osaka (Japan) announced the development of a transparent electronic sensor sheet that marks a major advance in the field of flexible, transparent devices. The sheet shows promise in the role of nanowires in future electronics, including significant applications like head-up displays (HUDs) and wearable electronics. Although the development of transparent electronics has been rapidly growing, the ability of the sheet to act as a sensor while flexibility makes it suitable for wearable medical sensors and to adhere to organic surfaces without harm is a crucial step for flexible electronics.
14th December 2020 – BAE Systems reported the use of miniature weather sensors in microsatellites. The new miniature spectrometers provide high-resolution weather data from a constellation of satellites in low Earth orbit. The company draws on the experience building the Atmospheric Infrared Sounder (AIRS) instrument to develop miniature sensors for weather and climate monitoring applications.
Browse Related Reports Ultrasonic Sensor Market Research, By Product (Ultrasonic Through Beam Sensor, Ultrasonic Proximity Sensor, Ultrasonic Retro-Reflective Sensor), Application (Anti-Collision Detection, Distance Measurement, Liquid Level Measurement, Object Detection) — Global Forecast till 2023
Radar Sensors Market Research Report: Information by Type (Radar Detector Detectors, Radar Scrambling, and Others), by Band (HF, VHF, and HUF Bands; L, S, C, and X Bands; and Ku, K, Ka, V, and W Bands), By Application (Automotive, Traffic Monitoring, Aerospace & Defense, Industrial, Security & Surveillance, Weather Monitoring, and Others), By Component (Antenna, Duplexer, Transmitter, Receiver, Video Amplifier, and Processor) and Region – Forecast till 2025
Wireless IoT Sensors Market Research Report: Information by Component (Hardware, Service and Software), Type (Image Sensor, Motion Sensor, Proximity Sensor, Pressure Sensor, Magnetometer, Humidity Sensor, Temperature Sensor, Touch Sensor, Accelerometer, Gyroscope, Flow Sensor and others), Technology (Wi-Fi, Bluetooth, ZigBee, NFC, Z-Wave, RFID others), Vertical (Industrial IoT, Consumer IoT, Commercial IoT) – Forecast till 2025
About Market Research Future:
Market Research Future (MRFR) predicts the global sensor market size to reach USD 228.08 billion, registering a 6.22% CAGR from 2019 to 2026 (forecast period).
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The sensor market has gathered considerable momentum around the globe, largely due to the massive popularity sensors have achieved over the last few years. The outbreak of COVID-19, however, has created barriers to the growth of the market, bringing the world to a halt. With the lockdown imposed owing to the pandemic causing huge revenue losses to end-use industries like healthcare, automotive, electronics, and more, sensor prices got spiked, and the demand was lowered.
The global sensor market has been segmented into type, component, technology, and vertical.
Based on the component, the global sensor market has been segmented into transceivers, microcontrollers, ADC, DAC, amplifiers, and others.
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The global sensor market has been segmented into North America, Asia Pacific, Europe, and the rest of the world.
Since 2018, APAC has remained the market leader and has been able to continue its winning streak during the evaluation period. The rising industrial sector and the increasing number of small and medium-sized enterprises (SMEs) in the area are driving sensor market growth. In addition, the increasing use of consumer electronics and medical devices, along with rising production and sales of luxury cars, is boosting market demand in the region. India, Japan, China, and South Korea are the main sensor markets in the region.
The sensor market appears to be highly competitive, given the strong presence of existing industry players. Global suppliers are constantly faced with fierce competition from each other and local companies, which are increasingly aware of the regulations and suppliers in the industry. Eminent players are therefore looking for opportunities to integrate extensively through the extended value chain while concentrating on expanding production facilities, R&D investment, and M&A activities to gain impetus.
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24th December 2020 – Scientists at the US National Institutes of Health (NIH) revealed that they had developed an artificial intelligence (AI), a designed sensor, to help track serotonin transmission in the brain under various natural conditions, helping to resolve sleep disorders and mental health in the future.
Drone Sensor Market, by Sensor Type (Inertial Sensor, Image Sensor, Speed and Distance Sensor, Position Sensor, Pressure Sensor, Light Sensor, Current Sensor, Others) Platform Type (VTOL, Fixed-Wing, Hybrid), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement), End-User (Construction, Media & Entertainment, Precision Agriculture, Personal, Security & Surveillance, Defense, Law Enforcement, Transportation, Others) — Global Forecast till 2023
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Artificial Intelligence
TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program
Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.
TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.
TeraBox reveals some of its impressive Referral Program data.
TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.
TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.
As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.
About TeraBox
TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.
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Artificial Intelligence
Huawei Cloud: One Step to Intelligence, One Leap to Excellence
SHANGHAI, Sept. 20, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei Cloud hosted a Summit themed “One Step to Intelligence, One Leap to Excellence”, gathering global industry leaders to explore the intelligent transformation trend, share pioneering cases, and assist customers in their journey to cloud-based operational excellence. At the summit, Huawei Cloud and global customers, unveiled the Data Center-to-Cloud solution and the PRIME Framework white paper.
Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said: “Customers’ support enables us to innovate with finance, retail, autonomous driving, the Internet and many other sectors. By combining cutting-edge technologies with industry know-how, Huawei Cloud paves your way to digital and intelligence.”
Kevin Gao, President of Huawei Cloud Public Cloud Business, presented a keynote speech “One Step to Intelligence, One Leap to Excellence”. He outlined three critical factors for accelerating cloud migration and AI use: global infrastructure, continuous technological innovation, and lean operations.
In terms of global infrastructure, Huawei Cloud’s global infrastructure, KooVerse, offers extensive coverage, exceptional experience, and excellent quality. With 33 Regions and 93 Availability Zones (AZs) worldwide, Huawei Cloud supports over 10,000 customers in achieving business globalization. Huawei Cloud has interconnected with over 2,400 peers of global carriers, ensuring one hop to cloud and global business deployment for customers. Huawei Cloud data centers achieve Tier IV reliability.
Technological innovation is at the heart of Huawei Cloud’s mission to accelerate enterprise transformation. At this summit, three key areas were highlighted: compute upgrade, data-AI convergence, and application innovation.
The Data Center-to-Cloud solution released by Gao offers data center facilities, intelligent O&M, and DCN as a service, allowing customers to easily relocate and run dedicated compute resources on Huawei Cloud.
Huawei Cloud’s Ascend AI Cloud Service enables training jobs to run non-stop up to 40 days, shortens the fault recovery time to 10 minutes, and increases the linear scalability to 90% (the industry average are 2.8 days, 60 minutes, and 80%, respectively).
Huawei Cloud’s deterministic operations system has been adopted by over 300 global customers, maintaining a strong security record with zero intrusions and zero data breaches.
DeFacto from Türkiye leverages Huawei Cloud’s cloud native solution with Cloud Container Engine (CCE) and streamlines their services.
Huawei Cloud helps Chery to deploy, use, and manage the cloud. Currently, Huawei Cloud nodes in more than 10 countries and regions are providing services for Chery.
NavInfo has adopted Huawei Cloud’s R&D expertise and CodeArts software development pipeline to establish efficient development management standards and efficiency measurement systems.
Kingsoft and Huawei Cloud have collaboratively developed an excellence framework to optimize cost management.
Tencent Music’s Tianqin Lab has developed the MUSELight AI model acceleration framework, utilizing Huawei Cloud’s Ascend AI Cloud Service.
At the end of the summit, Huawei Cloud and global customers jointly released the Enterprise Excellence PRIME Model White Paper. This white paper offers a reference framework for enterprises to leap to excellence with digital and intelligent technologies.
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Artificial Intelligence
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
Download a Free Sample of our report on Autonomous Mobile Robots Market
Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
Name: Sunny M.Email: [email protected]: +91-952-918-4938
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