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Thermoelectric Modules Market  overview, dynamics, Trends, Strategies and Forecast 2027

Market Highlights

According to Market Research Future, the market for the global thermoelectric modules has been segmented on the basis of type, model, function, offerings, application, and region.

Thermoelectric Modules are electronic components that work on the principle of the Peltier effect. It functions as a heat pump moving heat from one side of the device to the other. The growing adoption of electric vehicles, growing inclination toward renewable energy sources, and increase in demand for energy-efficient consumer electronics are the key factors driving the Thermoelectric Modules market. However, the high cost of thermoelectric modules, design complexity, and heat dissipation issues are expected to restrain market growth during the forecast period.

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Based on type, the market has been categorized as bulk thermoelectric modules, micro thermoelectric modules, and thin-film thermoelectric modules. The bulk thermoelectric module segment is projected to account for the largest share during the review period owing to its benefits such as high power output and voltage. However, the micro-thermoelectric modules segment is expected to register the highest CAGR during the forecast period.

Based on the model, the market has been categorized as single-stage and multi-stage. The single-stage segment dominated the market in 2018. However, the multi-stage segment is expected to register the highest CAGR during the forecast period from 2019 to 2025. In 2019, TEC Microsystems introduced a new range of ultra-small multistage thermoelectric coolers—4MD03 series that has eight times smaller volume dimensions.

Based on function, the market has been categorized as deep-cooling and general-purpose. The deep-cooling segment is expected to dominate the review period and is expected to register the highest CAGR during the forecast period. Deep-cooling thermoelectric modules are expected to register a high demand from the US.

Based on offerings, the market has been categorized as hardware, software, and services. The hardware segment is expected to dominate the review period whereas the services segment is expected to register the highest CAGR during the forecast period

Based on application, the market has been segmented into consumer electronics, IT & telecommunication, industrial, automotive, oil & gas, and others. The consumer electronics segment is expected to dominate the thermoelectric modules market during the forecast period owing to the growing adoption of these modules in devices such as water dispensers, small refrigerators, and air conditioners.

Regional Analysis

The Global Thermoelectric Modules Market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific, followed by North America, is expected to be the largest market in the forecast period. Within Asia-Pacific, China is expected to hold the highest market share. Furthermore, the growing market for telecommunication and consumer electronics drives the demand for thermoelectric modules in the Asia-Pacific.

Key Players

The Prominent Players in the Global Thermoelectric Modules Industry are Ferrotec Holdings (Japan), Laird Thermal Systems (US), II-VI Marlow Inc. (US), TE Technology, Inc. (US), TEC Microsystems GmbH (Germany), Crystal Ltd (Russia), Thermonamic Electronics (Jiangxi) Corp., Ltd. (China), KELK Ltd (Japan), Guangdong Fuxin Technology Co., Ltd (China), Thermion Company (Ukraine), EVERREDtronics Ltd. (China), Hi-Z Technology Inc. (US), and Phononic (US).

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Telepresence Robots market Competitive overview, Consumption and Forecasts to 2027

Market Highlights

Recently, in September 2018, Temi, Inc. has introduced a telepresence robot enabled with AI based voice assistant systems and Harman Kardon Speakers. This robot is enabled with components such as 360 degree camera, omnidirectional microphones, infrared depth cameras, RGB cameras, proximity sensors among others.

In March 2018, Ava Robotics, a manufacturer of telepresence robots, launched a new robot which can provide navigation autonomously. The new robot is integrated with 360 degree camera, and upgraded sound & gesture based controls.

Padbot, VGo, Ohmni, and Beam telepresence robots are the domiating the market as these are capable of providing multi-features in a single product to their client.

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Key players

AMY Robotics, AXYN Robotique, MantaroBot, Suitable Technologies, Double Robotics, VGo Communications (a subsidiary of Vecna), Xandex (took over production and sale of the Kubi from Revolve Robotics), Anybots Collaborate i/o, SuperDroid Robots, Adept MobileRobots, Ava Robotics (a subsidiary of iRobot), Orbis Robotics, Inbot Technology Ltd., Endurance, Giraff Technologies, and FutureRobot are some of the key players in Telepresence Robots market.

Regional Analysis

The market for Telepresence Robots is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Telepresence Robots market is studied for North America (U.S, Canada, and Mexico), Europe (Germany, U.K, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacifc), and the Rest Of The World (including the Middle East, Africa, and Latin America).

North America is expected to dominate the Telepresence Robots market during the forecast period. North America is an established region in terms of advanced infrastructure and is widely known as an early adopter of new technologies. The demand for more personalized and collaborative robots by industries in North America is fueling the adoption of Telepresence Robots in the region.

Europe is expected to be the second dominant market of Telepresence Robots. Increasing demand of telepresence robots to serve the ageing population is one of the primary driving forces of the market in the region. Further, presence of key players such as No Isolation, and VGo Communications are further fueling the market growth in Europe as these players are investing heavily in their research & development of telepresence robots targeting healthcare, medical and education sector in the region.

Asia-Pacific Telepresence Robots market is projected to grow with fastest growing CAGR during forecast period. China, Japan, South Korea among all other countries is leading the Telepresence Robots market in the region. South Korea is currently, a leading market of robotic process automation. And the government with support of key industry players are investing in innovating their healthcare sector in order to serve increasing ageing population in the country. China, after South Kores, is the largest market of selling of industrial robots in the world. China is also planning to increase the presence of robots in the healthcare sector to cater applications such as critical surgeries, rehabilitations, and medicines distribution, among others. Japan, on the other hand, is investing heavily in developing safety standards and verification techniques which is expected to increase the market of service robots in the coming years in the country, which is indirectly expected to fuel the market of telepresence robots in the country.

Rest of the world (RoW) comprise of Telepresence Robots market in The Middle East & Africa and Latin America. RoW Telepresence Robots market is expected to grow with slow and steady growth rate due to lack of technical skills and infrastructure.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Security testing market  Trends, Strategy and Forecast to 2027

Market Highlights

The IT and software industry has undergone various advancements paving the way for a number of opportunities. However, with these advancements, there has been increased risk of cyber threats and data loss. Considering the increasing need for data protection, efficient security systems are being deployed across various enterprises and industrial verticals. The major features of security testing are protection and secure access to data. These features are suitable for both web-based and desktop-based applications. The factors contributing to the growth of security testing market are the increasing need for protection of customer data and web and mobile applications, increased adoption of cloud-based security solutions, and rising number of cyber attacks and need for improved security.

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The key players in the security testing market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Cisco Systems, Inc. (US), Hewlett Packard Enterprise (US), IBM Corporation (US), Qualys, Inc. (US), WhiteHat Security (US), Applause App Quality, Inc. (US), Veracode (US), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group Plc. (UK). These players contribute a major proportion towards market growth. Apart from the top key players, there are other players that contribute nearly 30-35 % in the security testing market. These include Valency Networks Pvt Ltd (India), Capgemini SE (France), Wipro Limited (India), Cognizant Technology Solutions Corp (US), Infosys Limited (India), Tata Consultancy Services Limited (India), Hexaware Technologies Limited (India), Zensar Technologies Limited (India), CloudBees (US), Symetrics (Netherlands), Rohde & Schwarz UK Ltd (Germany), Beyond Security (US), TraceSecurity (US) and others.

Regional Analysis The global market for security testing is driven by increasing adoption rate of the Internet of Things, cloud solutions across different industries, and growing demand for software-based networking. The market is estimated to grow at a significant rate during the forecast period from 2017 to 2023. The geographical analysis of security testing market is covered for major regions such as North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to lead the security testing market during the forecast period. North America is an established region in terms of IT infrastructure and is widely known as an early adopter of new technologies. The US is one of the major contributors in North America with leading market share. US has a higher concentration of major players and holds nearly 68% of the key IT vendors. On the other hand, Europe closely follows North America in information & technology sector. Countries such as Germany, the Netherlands, and the UK are among the highest contributing nations in terms of IT advancement and technological developments. One of the major factors responsible for the growth of security testing market is the deployment of data centers across industries due to which enterprises are realizing the need to implement security testing solutions. Asia-Pacific is expected to register the highest growth during the forecast period. Adoption of wireless technology for industrial operations, cloud services, and increased government initiative towards digitization are the major factors contributing to the growth of Asia-Pacific market. Countries like China, India, South Korea, and Taiwan are enhancing their existing communications system technology.

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Industrial valve market  Expected to Boost Moderately over 2027.

Market Overview

The demand for high-resolution image capturing devices is estimated to develop the light field market in 2020. The camera, display & lighting industry reports are produced by Market Research Future, which highlights market options for expansion. An income of USD 1,872 million while progressing at a CAGR of 15% is forecasted for the market by 2023.

The sharp rise in the popularity of smartphones and consumer electronics is estimated to shape the light field market’s long term growth. The broadening of applications in media & entertainment and the military & defense sector is estimated to create traction for the light field market share expansion. The investment into R& D for product designs is estimated to create better growth opportunities for light field market companies in the forecast period.

Segmental Analysis

The segmental examination of the light field market is conducted on the basis of verticals, technology, and region. The verticals-based segmentation of the light field market comprises of military & defense, healthcare, media & entertainment, and others. Based on the imaging solution, the light field market comprises of image reconstruction, 3D scanning, layout and animation, 3D modeling, 3D rendering, and others. Based on the regions, of the light field market consists of Asia-Pacific, North America, Europe, and the rest of the regions. Based on the technology, the light field market comprises of light field display, the imaging solution, and others.

Detailed Regional Analysis

The regional scrutiny of the light field market encompasses regions such as Asia-Pacific, North America, Europe, and the rest of the regions. The North American regional market is the principal region in the world in terms of market stake. The light field market of this region has an enormous demand due to the escalating implementation of machine learning technologies & artificial intelligence, which are boosting the market augmentation to a large degree. The light field market in the European region is projected to observe rapid growth in the approaching period owing to the escalating penetration of highly developed technology-based photographic devices amid users in these regions. While, the Asia-Pacific nations, such as Japan, India, and China, are the promising light field markets that are anticipated to grow at the uppermost CAGR in the approaching years.

Competitive Analysis

The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the approaching years. The conundrum present in the global market relating to the fundamental assets of the corporations is being optimized to fair the existing pandemic more successfully. The growth restraints of the market are anticipated to be momentous and will need to be neutralized to unlock favorable development in the market. The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period. The declining effects evident in the market globally are anticipated to stay for the foreseeable future to the scale of impact on the worldwide market. The necessity for tactful analysis of the market cues and demand projections is anticipated to lead to a robust expansion in the market.

The influential companies in the light field market are Avegant Corporation (U.S.), FoVI 3D Inc. (U.S.), Raytrix GmbH (Germany), Lumii (U.S.), Holografika (Hungary), Pelican Imaging Corp. (U.S.), Japan Display Inc. (JDI) (Japan), Apple Inc. (U.S.), Cannon Inc. (Japan), Lytro, Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), OTOY (U.S.), Leia (U.S.), Nvidia Corporation (U.S.), Sony Corporation (Japan), Toshiba Corporation (Japan), Light Field Lab, Inc. (U.S.), Panasonic Corporation (Japan), and Ricoh Innovations Corp. (U.S.), among others.

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Light Field Market Projected to Grow by 2027

Market Overview

The demand for high-resolution image capturing devices is estimated to develop the light field market in 2020. The camera, display & lighting industry reports are produced by Market Research Future, which highlights market options for expansion. An income of USD 1,872 million while progressing at a CAGR of 15% is forecasted for the market by 2023.

The sharp rise in the popularity of smartphones and consumer electronics is estimated to shape the light field market’s long term growth. The broadening of applications in media & entertainment and the military & defense sector is estimated to create traction for the light field market share expansion. The investment into R& D for product designs is estimated to create better growth opportunities for light field market companies in the forecast period.

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Segmental Analysis

The segmental examination of the light field market is conducted on the basis of verticals, technology, and region. The verticals-based segmentation of the light field market comprises of military & defense, healthcare, media & entertainment, and others. Based on the imaging solution, the light field market comprises of image reconstruction, 3D scanning, layout and animation, 3D modeling, 3D rendering, and others. Based on the regions, of the light field market consists of Asia-Pacific, North America, Europe, and the rest of the regions. Based on the technology, the light field market comprises of light field display, the imaging solution, and others.

Detailed Regional Analysis

The regional scrutiny of the light field market encompasses regions such as Asia-Pacific, North America, Europe, and the rest of the regions. The North American regional market is the principal region in the world in terms of market stake. The light field market of this region has an enormous demand due to the escalating implementation of machine learning technologies & artificial intelligence, which are boosting the market augmentation to a large degree. The light field market in the European region is projected to observe rapid growth in the approaching period owing to the escalating penetration of highly developed technology-based photographic devices amid users in these regions. While, the Asia-Pacific nations, such as Japan, India, and China, are the promising light field markets that are anticipated to grow at the uppermost CAGR in the approaching years.

Competitive Analysis

The restitution and operations on a daily basis are anticipated to take some time, which will show the way to concentrated development of the backlogs created in delivery. The financial backing provided by the administrations and trade bodies is anticipated to reclaim the situation in the approaching years. The conundrum present in the global market relating to the fundamental assets of the corporations is being optimized to fair the existing pandemic more successfully. The growth restraints of the market are anticipated to be momentous and will need to be neutralized to unlock favorable development in the market. The unsteadiness in the forces of demand and supply is expected to produce an advantageous bearing on the market taken as a whole in the forecast period. The declining effects evident in the market globally are anticipated to stay for the foreseeable future to the scale of impact on the worldwide market. The necessity for tactful analysis of the market cues and demand projections is anticipated to lead to a robust expansion in the market.

The influential companies in the light field market are Avegant Corporation (U.S.), FoVI 3D Inc. (U.S.), Raytrix GmbH (Germany), Lumii (U.S.), Holografika (Hungary), Pelican Imaging Corp. (U.S.), Japan Display Inc. (JDI) (Japan), Apple Inc. (U.S.), Cannon Inc. (Japan), Lytro, Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), OTOY (U.S.), Leia (U.S.), Nvidia Corporation (U.S.), Sony Corporation (Japan), Toshiba Corporation (Japan), Light Field Lab, Inc. (U.S.), Panasonic Corporation (Japan), and Ricoh Innovations Corp. (U.S.), among others.

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IoT Chips Market  Global Demand, share Growth and Industry Analysis 2021

Regional Analysis

The Global IoT Chips Market is estimated to grow at a significant rate in the near future. The geographical analysis of the IoT chips market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. IoT chips are modules comprising processors, sensors, ICs, and memory and logic devices, among others. These modules are integrated into smart devices to transfer data in real-time across a network. The adoption of wireless technologies has gained traction over the past few years, which has propelled the growth of the global IoT chips market across the globe. The customers’ inclination towards AI and 5G is also expected to drive the growth of the global market. However, lack of data privacy and security across networks might hamper the market growth during the forecast period. Also, a lack of standardization of protocols across platforms is expected to restrict market growth.

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As per the MRFR analysis, Asia-Pacific accounted for the largest market share in 2019. China accounts for the largest market share in the region due to the increase in government initiatives towards the development of smart homes and smart cities. The adoption of 5G technology, along with AI, is also expected to fuel market growth. The region has also witnessed a strong presence of consumer electronics manufacturers. Additionally, the presence of various companies in the region is also driving the growth of the market in the region.

Europe accounts for the second-largest market share in the IoT chips market. Germany held the largest share of Europe’s IoT chips market in 2019 due to the presence of the automobile industry in the country and the increasing adoption of IoT devices by consumers. On the other hand, France is expected to be the fastest-growing country-level market in the region during the forecast period.

North America is projected to be the fastest-growing regional market during the forecast period. The region has a major presence of small and medium enterprises that have commenced the adoption of IoT in their enterprises, which is expected to fuel the market growth. Technological advancements and increasing investments by the manufacturing industries for enhancing their product quality are key factors responsible for the market growth in this region.

Key Players

MRFR recognizes the key players in the global IoT chip market as Intel Corporation (US), Qualcomm Technologies, Inc (US), Texas Instruments Incorporated (US), NXP Semiconductors NV (Netherlands), Microchip Technology Inc. (US), MediaTek Inc. (Taiwan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (US), Cypress Semiconductor Corporation (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), MediaTek Inc. (Taiwan), Microchip Technology Inc. (US), Silicon Laboratories. (US), Telit (Italy), Nordic Semiconductor ASA (Norway), Semtech Corporation (US), Marvell (Bermuda), and AMD (US), among others. The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There have been recent mergers & acquisitions among the key players, a strategy that business entities employ for strengthening their reach to the customers.

Key Segments

Global IoT Chips Market has been segmented based on Product, End User, and Region.

By Product, the market has been segmented into processors, sensors, connectivity ICs, memory devices, logic devices, and others.

By End User, the market has been segmented into consumer electronics, automotive & transportation, healthcare, retail, BFSI, agriculture, entertainment & media, and others.

By Region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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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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