Capacitive sensing involves sensors that are used for the detection and measurement of proximity, position, pressure, humidity, force, displacement, fluid level, and acceleration. The growing consumer electronics industry is burgeoning the market demand.
The utilization of capacitive sensors in varied consumer electronics goods is propelling the market growth. The growing smartphone penetration is further augmenting the market demand. This is further supported by the installation of touchscreens on these devices among other mobile devices like iPad and tablets. With the onset of virtual reality, the market is continuing to keep pace with evolving consumer interests. Cirque Corporation, an inventor of the capacitive touch technology, in 2018, announced the launch of its state-of-art technology platform, called as VR Grip™, a solution that is a combination of capacitive touch with proximity sensing for the creation of a truly integrated virtual reality experience. The novel solution amalgamates tracking of a user’s hand and fingers on the controller surface, and through proximity sensing tracks position of finger in the open space above the controller surface. The product is similar in function to a glove tracking system, while continuing the direct touch sensing feedback and trigger control of a controller. Such innovations will further continue to drive the capacitive sensor market growth at a significant pace.
The use of interactive displays like an HMI in varied end-use industry verticals is further propagating the market growth. With advancements in technology, capacitive sensors are highly preferred and are replacing mechanical buttons, switches, scroll bars, and jog wheels at a fast pace in many of the electronic devices. Capacitive sensing differs from that of inductive sensing, it is capable of sensing different substances such as skin, plastic, metal, and liquid. Thus, these devices offer a smart and rugged choice in comparison to the traditional options. In case of rugged industrial applications where there is a requirement of a control device for tolerating sustained exposure to conditions like temperature swings, humidity, dirt, accidental spills, or long exposure to moisture, capacitive sensors excel in their performance. Hence, owing to their exceptional performance characteristics, these are in high demand among the electronic device manufacturers.
In airports, the installation of interactive displays provide convenience to air passengers traversing through busy airports to regain information required at their fingertips. However, in the current coronavirus pandemic scenario, the demand for touchscreens have reduced to a greater extent due to the imposed travel bans. Hence, this has impacted the market growth severely in this sector. However, after recovery, with adjustments made as per the new normal, the market will further continue to gain pace at a steady rate in airports.
For broadcast applications, in the media and entertainment industry, the market is continuing to grow at a rapid pace, even in the mid of the pandemic scenario. This is due to the fact that whether on the set or while in the production room, broadcast outlets are realizing the importance of interactive displays in their operation, and hence are in high demand.
For business presentations, interactive displays are contributing to gaining more viewer attention. Displays can be configured to display content through any device, via desktop or mobile and through multi touch features, the audience can explore data that is being presented. However, amid COVID-19 scenario, touchscreen displays are in demand for video conferencing, among other electronic devices for contacting people around the world and carrying out their business operations through remote working. This is further contributing to surging the capacitive sensor market growth. The displays are available in different screen sizes as per the need.
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In education sector as well, interactive displays are being adopted as a powerful novel way to interact with students. The utilization of multi-touch displays has allowed the instructors and teachers to enhance their teaching methods by the use of high-resolution images, 3D models, and interactive videos. This have further contributed to gather a better understanding of the subject, in addition, students are capable of relating the acquired subject knowledge to real world applications in a much better way.
In automotive manufacturing, capacitive sensors are utilized for the measurement of brake disc deformation. Due to the high temperature development, very few sensors hold suitability for operating close to the measurement object. Capacitive transducers are capable of detecting changes at nanometer level, and thus, measures the erosion on the brake disc.
In the gaming industry, multitouch displays providing interactive visualization for gamers are offering immense opportunities for manufacturers to develop innovative games. Thus, contributing to providing a whole new gaming experience to their customers.
Interactive touchscreen kiosks in shopping malls and other commercial spaces have led to providing unlimited information to the user. Hence, it has become quite convenient for users to extract immediate important information at the tip of their fingers. This has further surged the market demand with the growing construction of shopping complexes with increasing urbanization, especially, in the developing regions of the world.
Capacitive sensors are used for tolerance testing applications in mass production, vibration measurement, strain measurement, thickness control of thin metal foils and plastic foils at the time production process and many more applications. It is also utilized in semiconductor industry for bevelling and bending of wafers during production.
In power industry, capacitive sensors are used for dynamic measurements in turbines or engines. The centrifugal forces exerted on turbine blades lead to the expansion of the blades. For designing and construction of these blades, it is necessary that there is no imbalance that result in instability of the system. Hence, the use of capacitive transducers allows the detection of changes at the nanometer level and hence provide data for finite element analysis (FEM). The growing demand for energy and power will continue to propel the market demand. According to the OECD Green Growth Studies, the share of nuclear power is projected to increase from 6% to 7% during the time period 2009 to 2035. In addition, the use of renewable energy is expected to rise to around three-folds over the same time period.
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Source: OECD Green Growth Studies, Increase in Share of Nuclear Power
ABOUT THE AUTHOR:
Vibha Saklani is a Market Research Analyst at KSI, working on the estimates and global reports on multiple industries spanning from IoT to food and beverages, with a special knack for healthcare, medical devices, and related markets. With the addition of her formal education in Biotechnology and having a research background, she is able to shed more light on the detailed analysis of the story. To read more articles by her, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
Machine Condition Monitoring: Keeps Your Machines Fit and Fine
BlogCondition monitoring for machines within an industrial facility helps in keeping track of the machine’s health and performance with time. Along with condition monitoring, parameters like temperature, current, vibration, and revolutions per minute, i.e. RPM are measured. The technique is an indispensable tool in order to monitor machine conditions in a real-time scenario. This is further useful in avoiding unanticipated downtime, tailor preventative maintenance schedules for the fulfillment of the usage demands in industrial operations, in addition to collecting necessary data for further diagnostic and predictive maintenance. Thus, machine condition monitoring offers ease and convenience in improving the overall equipment effectiveness, OEE; and overall production effectiveness, OPE.
The increasing adoption of IoT in various industries will contribute to propelling the machine condition monitoring market demand. With the surging adoption of IoT in industries, it has provided convenience in monitoring machine performance even while staying at a distant place. The increasing adoption of IoT in industries is further propagated by the growing digitization worldwide, thus, fueling the consumption of connected devices at a large scale. Also, technological innovations in machine condition monitoring solutions have led to the launch of cloud-based condition monitoring solutions, further augmenting the market growth. Furthermore, the adoption of IoT and web-based monitoring tools have helped in reducing the unplanned machine downtime that decrease the product and service turnaround times, and hence, contributed to lowering the production costs to a greater extent. An industrial IoT platform containing machine monitoring features has raised interest among the manufacturers to turn to IoT-driven condition monitoring for identifying issues that could affect the production quality and further assist in the replacement of faulty parts before the situation worsens.
The presence of companies offering condition monitoring solutions is contributing to driving the market growth at present and in the future. For example, National Instruments Corp. offers condition monitoring for rail and heavy equipment. This is because of the fact that the maintenance of a fleet of heavy equipment is challenging during the movement or distribution. The use of wireless sensors capable of collecting insights from harsh environments and communication via condition monitoring software in predicting and prioritizing maintenance is gaining momentum. The company offers online monitoring software for avoiding logistical stress that is linked to fleet maintenance. The information comprises data ranging from wheel bearings on rail cars to gearboxes deployed on open-pit mining machinery. Products and solutions include InsightCM, NI monitoring devices, and InsightCM add-Ons.
Emerson Electric Co. condition monitoring solutions offers routine monitoring of equipment resulting in necessary data for generating information regarding the machine condition. The company’s solutions are particular to a specific application and delivers data through accurate machine condition diagnosis.
Products include machinery health analyzer, wireless vibration transmitter, machinery health expert, processor card for machinery health monitor, channel output relay module for machinery health monitor, prediction processor card for machinery health monitor, transient processor card for machinery health monitor, wireless Bluetooth headphones for AMS 2140, impact hammer for use with AMS 2140, vibration strobe light, and break away cable. The company in 2020 news release announced its collaboration with Mitsubishi Hitachi Power Systems Americas for the development of digital technologies, software, and services for helping utility consumers. This partnership is poised to drive operational excellence in the North American region. The collaboration is further focused on digital solutions for the optimization of performance and reliability, enabling predictive and artificial intelligence-driven maintenance strategies, in addition to the automation of operational decision making. Such collaborations will further contribute to bolstering the machine condition monitoring market growth.
Significant product launches in machine condition monitoring are further fueling the market growth indicating innovations in the industry. Advantech Co., Ltd., in October 2017, announced the launch of a machine condition monitoring software for convenient sensor signal acquisition, signal analysis, feature extraction, data management, and interpretation, and alert notifications for online condition monitoring and smart inspection. The company, along with this software, is providing its customers an extensive solution for machine monitoring and management focused on the fulfillment of the multiple application needs. The software is compatible with varied Advantech DAQ computers and cards that allow customers in the quick installation or seamless integration into the monitoring system or device. Additionally, the software consists of a user-guided graphical interface that can be of great help to engineers and system integrators for easy configuration settings without any programming. Furthermore, condition monitoring offers 3 modes that include scope mode, intelligent inspection mode, and condition monitoring mode.
In 2020, ACOEM Group announced the launch of a novel ecosystem for the augmented mechanic, RT-300. The mobile and connected solution is aimed at simplifying the process and thus provides all the relevant information in a proactive manner, contributing to making right and accurate decisions at the time of maintenance operations. This involves a conjunction of instantaneous diagnostic tools, precision lineage, and cloud connectivity to report and gain access to the machine history, fit for unique 4.0 maintenance solution. The provision of an in-depth machine health report will further help in reducing the time between the decision and intervention of a machine operator to a greater extent, further contributing to providing assurance for enhanced production performance and quality.
STMicroelectronics, in 2020, announced the release of a novel vibration-sensing solution for optimizing the enabling of smart maintenance of factory equipment. The vibration sensor along with a supporting multi-sensor evaluation kit is poised to escalate the development of the condition-monitoring systems for boosting productivity through the derivation of the equipment maintenance needs.
On-premise versus cloud-based: It has been noticed on a wide scale that there is an ongoing evolution from an on-premise platform to a cloud-based platform. In order to store data on-premise, a vendor or a supplier will require a data center containing many dedicated servers for sensor data collection and processing. The amount of data to be stored is quite limited as per the local data center storage capability. Hence, this limits the operational ability of an on-premise condition monitoring system. Also, the distributed nature of the industrial manufacturing facilities does not allow the manufacturing of a data center close to a piece of machinery to be monitored, in such cases, cloud-based platforms offer the best solutions. As cloud computing allows the storage of huge amounts of data in the cloud and this data can be easily deduced through connected machines. Also, it is possible to scale up storage capacity.
Capacitive Sensor Technology: Strengthens With the Booming Electronics Industry
Thought ArticlesCapacitive sensing involves sensors that are used for the detection and measurement of proximity, position, pressure, humidity, force, displacement, fluid level, and acceleration. The growing consumer electronics industry is burgeoning the market demand.
The utilization of capacitive sensors in varied consumer electronics goods is propelling the market growth. The growing smartphone penetration is further augmenting the market demand. This is further supported by the installation of touchscreens on these devices among other mobile devices like iPad and tablets. With the onset of virtual reality, the market is continuing to keep pace with evolving consumer interests. Cirque Corporation, an inventor of the capacitive touch technology, in 2018, announced the launch of its state-of-art technology platform, called as VR Grip™, a solution that is a combination of capacitive touch with proximity sensing for the creation of a truly integrated virtual reality experience. The novel solution amalgamates tracking of a user’s hand and fingers on the controller surface, and through proximity sensing tracks position of finger in the open space above the controller surface. The product is similar in function to a glove tracking system, while continuing the direct touch sensing feedback and trigger control of a controller. Such innovations will further continue to drive the capacitive sensor market growth at a significant pace.
The use of interactive displays like an HMI in varied end-use industry verticals is further propagating the market growth. With advancements in technology, capacitive sensors are highly preferred and are replacing mechanical buttons, switches, scroll bars, and jog wheels at a fast pace in many of the electronic devices. Capacitive sensing differs from that of inductive sensing, it is capable of sensing different substances such as skin, plastic, metal, and liquid. Thus, these devices offer a smart and rugged choice in comparison to the traditional options. In case of rugged industrial applications where there is a requirement of a control device for tolerating sustained exposure to conditions like temperature swings, humidity, dirt, accidental spills, or long exposure to moisture, capacitive sensors excel in their performance. Hence, owing to their exceptional performance characteristics, these are in high demand among the electronic device manufacturers.
In airports, the installation of interactive displays provide convenience to air passengers traversing through busy airports to regain information required at their fingertips. However, in the current coronavirus pandemic scenario, the demand for touchscreens have reduced to a greater extent due to the imposed travel bans. Hence, this has impacted the market growth severely in this sector. However, after recovery, with adjustments made as per the new normal, the market will further continue to gain pace at a steady rate in airports.
For broadcast applications, in the media and entertainment industry, the market is continuing to grow at a rapid pace, even in the mid of the pandemic scenario. This is due to the fact that whether on the set or while in the production room, broadcast outlets are realizing the importance of interactive displays in their operation, and hence are in high demand.
For business presentations, interactive displays are contributing to gaining more viewer attention. Displays can be configured to display content through any device, via desktop or mobile and through multi touch features, the audience can explore data that is being presented. However, amid COVID-19 scenario, touchscreen displays are in demand for video conferencing, among other electronic devices for contacting people around the world and carrying out their business operations through remote working. This is further contributing to surging the capacitive sensor market growth. The displays are available in different screen sizes as per the need.
In education sector as well, interactive displays are being adopted as a powerful novel way to interact with students. The utilization of multi-touch displays has allowed the instructors and teachers to enhance their teaching methods by the use of high-resolution images, 3D models, and interactive videos. This have further contributed to gather a better understanding of the subject, in addition, students are capable of relating the acquired subject knowledge to real world applications in a much better way.
In automotive manufacturing, capacitive sensors are utilized for the measurement of brake disc deformation. Due to the high temperature development, very few sensors hold suitability for operating close to the measurement object. Capacitive transducers are capable of detecting changes at nanometer level, and thus, measures the erosion on the brake disc.
In the gaming industry, multitouch displays providing interactive visualization for gamers are offering immense opportunities for manufacturers to develop innovative games. Thus, contributing to providing a whole new gaming experience to their customers.
Interactive touchscreen kiosks in shopping malls and other commercial spaces have led to providing unlimited information to the user. Hence, it has become quite convenient for users to extract immediate important information at the tip of their fingers. This has further surged the market demand with the growing construction of shopping complexes with increasing urbanization, especially, in the developing regions of the world.
Capacitive sensors are used for tolerance testing applications in mass production, vibration measurement, strain measurement, thickness control of thin metal foils and plastic foils at the time production process and many more applications. It is also utilized in semiconductor industry for bevelling and bending of wafers during production.
In power industry, capacitive sensors are used for dynamic measurements in turbines or engines. The centrifugal forces exerted on turbine blades lead to the expansion of the blades. For designing and construction of these blades, it is necessary that there is no imbalance that result in instability of the system. Hence, the use of capacitive transducers allows the detection of changes at the nanometer level and hence provide data for finite element analysis (FEM). The growing demand for energy and power will continue to propel the market demand. According to the OECD Green Growth Studies, the share of nuclear power is projected to increase from 6% to 7% during the time period 2009 to 2035. In addition, the use of renewable energy is expected to rise to around three-folds over the same time period.
Source: OECD Green Growth Studies, Increase in Share of Nuclear Power
ABOUT THE AUTHOR:
Vibha Saklani is a Market Research Analyst at KSI, working on the estimates and global reports on multiple industries spanning from IoT to food and beverages, with a special knack for healthcare, medical devices, and related markets. With the addition of her formal education in Biotechnology and having a research background, she is able to shed more light on the detailed analysis of the story. To read more articles by her, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
The Bright Future of Electromechanical Relay
BlogElectromechanical relays are often referred to as switches that control high power electrical devices simply by using a small amount of power. These relays are used in the operation of both AC and DC current; and a magnetic force is generated when the power is supplied while controlling the mechanism in the switch. These electromechanical relays have various applications ranging from power supply switching in televisions and DTH boxes to the factory automation, and motor controllers, among others.
Expanding the telecom industry in developing countries like China and India coupled with increasing demand for energy-efficient solutions is expected to be the prime driver for the growth of the electromechanical relay market during the forecast period. For instance, according to the Chinese Ministry of Industry and Information Technology, the telecom sector revenue increased by nearly three percent year on year to 1.3 trillion Yuan in 2018 showing a great opportunity for electromechanical relay manufacturers and vendors.
Increasing energy prices globally is expected to drive the demand for advanced electromechanical relays aiming to reduce power consumption. Also, the growing number of renewable energy projects in various parts of the world is fuelling the demand for high capacity electromechanical relays, thus favoring the electromechanical relay market trend.
There has been a growing focus on reducing the construction time of a power plant to meet the growing global power demand. Simultaneously, the growing demand for electromechanical relays in the energy and semiconductor industry is due to its low cost, long operation life, less power consumption, and easy maintenance. Besides, the wide adoption of electromechanical relays in electronic appliances coupled with the rising use in the automobile sector in the fuse box to prevent the circuits from overload and faults is also expected to fuel the growth of the market over the forecast period. Simultaneously, there is also a growing trend towards the adoption and production of renewable sources of energy globally. For instance, in Europe, wind energy remains the second largest from power generation capacity and moreover, it is expected to overtake gas installations by 2019 (Source: Wind Europe) all such initiative by both public and private players is expected to create ample opportunities for electromechanical relay manufacturers and vendors. Simultaneously there are currently 454 operable civil nuclear power reactors globally, with a further 54 under construction (Source: World Nuclear Association). Thus, the growing plant turbine production to meet the growing global power demand along with its increasing use in the nuclear power plant will boost the demand for electromechanical relay solutions in the energy and power sector.
China Is Expected to Hold a Significant Share in the Global Market
Expanding the power and utility industry in the country coupled with increasing investment by both the public and private sectors is further expected to boost the adoption of the electromechanical relay in the coming years. In fact, according to China Electricity Council (CEC), the country is expected to put another 110 gig watts (GW) of new power generation into operation with half consisting of clean energy sources like solar by the end of this year. In addition, China is also stepping up its efforts to build charging stations in order to foster new energy car sector and these controllers are widely used across the charging station which is expected to boost the demand in the coming years. According to the China Association of Automobile Manufacturers, China is the world's largest new energy vehicle market with the sale of 1.25million cars in 2018 amid sluggish overall car market. Also, Volkswagen AG and FAW group Co sign an agreement as a part of the multibillion-dollar investment for setting up a network of a fast-charging station in China. Moreover increasing number of construction projects in the country along with the growing trend of mega projects like Beijing Daxing International Airport which started in 2014 whose first phase is expected to be complete by the end of 2019, increases the demand of automatic power factor controllers because of its ability to improve voltage, reduce power systems losses and increasing load carrying capabilities. All such factors are expected to further propel the electromechanical relay market growth opportunities for manufacturers and vendors in the coming years.
Aerospace and Defense Industry
Factors such as supportive government initiatives, effective talent recruitment strategies being adopted by the government, and the private sector, has led to relevant job skills training being provided to the new workforce. This, in turn, is bolstering the growth of the aerospace industry in developed regions such as North America and Europe and thereby impacting the growth of the electromechanical relay market. Favorable macroeconomic factors such as high economic growth and rapid industrialization have led to the setting up of aerospace clusters in the region, thereby positively impacting the demand for advanced electromechanical relays in various parts of the world. Rising investments by major aerospace companies in developing regions such as MEA and APAC owing to growing domestic demand and burgeoning tourism industry is further providing the necessary impetus to the thermal spray coating market for the aerospace segment. For example, in November 2019, Boeing predicted that India would require 2,380 commercial planes, valued at US$330 billion to handle the growing demand for air travel in the coming 20 years.
Source: The World Bank
In addition to this, rapid advancements in the electromechanical relay technologies are further estimated to boost their demand in the years to come. According to the World Bank, military expenditure at current USD in Germany and France has increased from US$42.552 and US$ 60.595 billion in 2007 to US$49.471 and US$63.8 billion in 2018, respectively. Furthermore, globally air transport passenger carried in recent years have also shown significant growth for instance, according to the World Bank recent report transport passenger carried has increased from 2.5 billion in 2009 to 4.233 billion in 2018 which is showing a growth of more than eighty percent thus opening the growth opportunities for electromechanical relay manufacturers and vendors.
World of Aseptic Packaging
Thought ArticlesAseptic packaging is the process of filling sterile products into the sterile containers, within the aseptic chambers and environment. A significant number of advantages offered by this process has led to an increased usage of aseptic packaging products across food, beverage, and pharmaceutical industries. The expanding food and beverage industry coupled with a shifting trend towards food and beverages without preservatives is expected to be the prime driver for the growth of the market during the forecast period.
Shifting Trends Towards Foods and Beverages Without Preservatives Is Driving the Growth of the Market During the Forecast Period
Today, preservatives have been widely used to extend the shelf life of various products. However, many of the preservatives, which are approved by many authorities around the globe are capable of causing multiple health hazards. This has led to people avoiding the adoption of products that use them. There are also alternative thermal sterilization techniques such as Ultra High Temperature (UHT) processing which eliminate the use of preservatives, but it also requires pre-sterilized packaging solutions in the form of aseptic packaging, which is expected to drive the growth of the aseptic packaging market. Furthermore, multiple food preservatives, such as Sodium Nitrate and Sodium Nitrite, have also been linked to cancer, but are allowed in smaller quantities in many countries. This has further increased the demand for the avoidance of any forms of preservatives in foods and beverages and is snowballing the demand for other forms of treatment and aseptic packaging solutions for their packaging.
Packaging Material Insight
By packaging material, the global aseptic packaging market is segmented based on paper, plastic, glass, and metal. Paper is expected to hold a significant share in the market and is also projected to grow at the exponential rate owing to the heavy regulations regarding the promotion of renewable and sustainable packaging in various parts of the world. Also, developed economies around the world have recently committed to creating 100% renewable, compostable, and recyclable packaging by 2025, positively impacting the demand for paper-based aseptic packaging. In addition to this, the paper is also preferred as the outer layer as it makes it easier to be printed on and increase the aesthetic appeal of the product. Multiple key players are also focusing on producing aseptic packaging solutions catering to this need for multiple foods and beverage manufacturers. Additionally, both plastic and glass segments are also expected to hold a substantial share in the market due to their growing applications in various industry verticals such as food and beverage, pharmaceuticals and healthcare, cosmetics among many more. Besides, plastic packaging is also heavily used in other food and beverage packaging juices, and multiple other beverages are commonly packed in bottles made out of PET (Polyethylene Terephthalate). The changing lifestyle and preferences of convenient and easy to carry packaging solutions have resulted in a rise in the consumption of such beverages, resulting in a further rise in usage of plastic for aseptic packaging in overall packaging industry. However, metal is projected to hold a nominal share in the market and is also seen to grow at the marginal rate in the coming years.
By Application, Aseptic Packaging for Food and Beverage Segment Is Holding a Significant Share
Food packaging and beverage packaging held a significant market share owing to the high adoption of processed foods and the trend towards the adoption of aseptic packaging solutions due to the numerous advantages it offers. Aseptic packaging is used by the beverage manufacturers for a variety of purposes including improving the shelf life, cost- efficiency, and the quality of the product at room temperatures. In addition, a rising number of supermarkets in the region and convenience offered by aseptic packaging to consumers boost the demand for this packaging technique.
Source: Organisation for Economic Co-operation and Development
The trend towards the adoption of aseptic packaging solutions due to its faster-processing speed and cost-efficiency due to its ability to relatively lower the logistics and storage cost is one of the major factors driving the demand for this packaging technology for beverage technology. The manufacturers and food processors are increasingly investing in aseptic packaging to gain a competitive advantage. For instance, in March 2018, Nestle has launched its largest ready-to-drink aseptic products factory in the world in Anderson, Ind., with production dedicated to meet growing the United States consumer demand for Nestle Nesquik ready-to-drink and coffee-mate liquid products through various distribution channels. In addition, new players entering the market by providing beverages without the addition of any preservatives will add to the demand for aseptic packaging. Furthermore, increasing healthcare expenditure and growing health concerns are some of the major factors driving the demand for aseptic healthcare packaging. Furthermore, the aging population in countries like Japan, Italy, and Canada will add to the growing demand for pharmaceutical products, thereby augmenting the demand for aseptic packaging in the coming years.
Product Segment Insight
Cartons and boxes hold a substantial share in the market owing to rising demand for convenience and quality products coupled with growing disposable income in developing countries like China, India, and Brazil. Bottles are widely used in the beverage industry and the established dairy industry in developing countries like India, China, and Indonesia will further favour the aseptic packaging market trend during the forecast period.
Furthermore, aseptic pouches are widely used in the food industry particularly to store semi-liquid products. With the shift in consumer preference against the use of food preservatives, there is an increase in the adoption rate of aseptic pouches by the manufacturers in the country and thereby augmenting the demand for aseptic pouches packaging in the coming years.
Recent News
February 2019, Sealed Air Corporation announced the acquisition of MGM, a specialist in printing and laminating in addition to providing flexible food packaging materials for consumer-packaged goods market in South East Asia. Following the acquisition, the company aims for the expansion of food packaging operations in Asia.
October 2018, SIG expands global partnership with Nestlé to Brazil. SIG has started supplying filling machines for 500, 750, and 1000ml combiblocMidi carton packs to Nestlé Brazil’s Molico and Ninho UHT milk.
October 2018, Tetra Pak acquired Big Drum Engineering GmbH, a leading supplier of filling machines for the ice cream industry to strengthen its product offerings for ice cream manufacturers. This deal further extends the company’s portfolio to provide end to end solutions for food and beverage companies around the world.
ABOUT THE AUTHOR:
Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from healthcare to automotive, with a special knack for packaging. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit https://www.knowledge-sourcing.com.
Industrial Enzymes Market Trend – Assuring Feed Safety to Ensure Food Security
Thought ArticlesFrom the very first enzyme-assisted alcohol production through the processing of grains, where aspergillus strains had been employed, in Neolithic China, wine production at the site of Tepe in Neolithic Mesopotamia, the use of microorganism and malt in bread making by Egyptians to applications of enzymes that are based out of 20th-century inventions like organic synthesis, textiles, animal feed, enhanced application in food and beverage, in pharmaceuticals, in personal care, in molecular biology as well as biofuels, among others, industrial enzymes remain integral to the sustenance of consumption.
Besides advancements in chemicals and materials industry, scientific progress has precipitated many breakthroughs, one that is contextually pertinent is an increase in life expectancy and increase in birthrate. This is also a result of increasing access to education, which is resulting in enhanced earning capacity that further leads to the awareness of a healthy lifestyle. Further, the share of working women has increased too during the past few years, which has resulted in enhanced postnatal care as well as more health-conscious consumption during pregnancy. Thus, to surmise the aforementioned the population is expected to grow rapidly so is the rate of urbanization underscoring the importance of food security more than ever. While vegan oriented consumption has gained steam in the developed economies, meat and dairy-based consumption hasn’t been entirely abstained from and still are among the mainstay of the economies. Further, consumers in emerging economies as well as those of the developing economies are expected to consume more meat and dairy products during the next few years. According to FAO, the consumption of animal products is expected to rise by 70 % by 2050. This in turn will necessitate an increase in animal production, which will require an additional amount of feed to be produced to ensure sustainable production of safe and affordable animal proteins.
Projections of Poultry Meat Production, Developing Countries
In kt cwe (thousand tons at carcass weight equivalent)
Source: OECD-FAO
Moreover, according to FAO, the global meat products in 2020 is forast to drop by 333 million tons (carcass weight equivalent), 1.7 % lower than that of 2019. Further, a drop in global production of pig meat is also expected due to African swine fever (ASF) that is largely concentrated in Asian countries. Nevertheless, in contrast, the global production of poultry meat is expected to expand with a modest output growth that is predicted for ovine meat, international meat trade is estimated to grow by 37 million tons in 2020, a year-on-year increase by 2.4%. Further world milk production is estimated to grow by 0.8 % to 859 million tons. The main reasons contributing to this increase are expansion in production in Asia and North America, with moderate increases in Africa, Central America, Oceania, and the Caribbean. Moreover, farm modernization in China and the growing market share of dairy cooperatives through the means of products derived from milk in India are expected to sustain milk products leading to the growth in dairy production in Asia. Moreover, owing to a robust consumer and industrial demand, Mexico is expected to witness decent growth in milk output. The Russian Federation too is expected to witness an increase in milk output due to modern dairy farms.
Albeit the economic hardship, due to COVID-19 along with logistical bottlenecks and a sharp decline in demand from the food services sector due to lockdown measure resulting in a global downward draft in import, demand for meat and dairy is expected to climb after the world economy normalizes especial now that a myriad of COVID vaccines is in the trial phase. Thus, to sustain the supply of food and ensure food safety, feed safety is of paramount importance leading to the reinforcement of the cognizance of feed to be an integral part of the food chain. Thereby feed production is also subjected to an equal degree of quality assurance as is the case of food production.
Enzymes; Prepared Enzymes, N.E.S. (Exports)
In Thousands of US$
Source: International Trade Centre
Thus, regarding animal feed, mycotoxins are a perennial issue and are always present in the feed, to date hasn’t been able to successfully eliminated and in a normal scenario, it will be resorbed and taken up into the bloodstream of the livestock animal. To this extent, it is important to note that leading animal nutrition firm BIOMIN had reportedly reached a milestone in the EU registration of FUMzyme®, which is the only commercially available mycotoxin-deactivating enzyme, in July 2020. Further climate change is also responsible of creating an environment that is conducive to spread of Fusarium fungi, leading to a rise in fumonisin contamination of crops, making it a concern for dairy farmers as it leads to a significant reduction of average daily milk yield, reduce the digestibility of dry matter and leads to liver damage in dairy cows. In view of above the European Food Safety Authority (EFSA) Panel on Additives and Products or Substances used in Animal Feed (FEEDAP) concluded that the aforesaid additive, when used at the minimum, recommended dose of 40 U/kg feed has the potential to degrade fumonisin in fermenting feed. Earlier FUMzyme® had received EU authorization for application in pig and poultry diets.
Besides the aforesaid, the have been notable developments that have reinforced animal feed industries share in the industrial enzyme market and facilitating a consequent increase in market share. The developments of 2018 are being elucidated below:
February – Joint Development Agreement
A joint development agreement for the development and commercialization of enzymes for animal feed applications was reportedly announced by Archer Daniels Midland Company (NYSE: ADM) and Qingdao Vland Biotech Group Co., Ltd.Under the terms of the agreement, enzyme-producing strains will be shared by the companies, based on which feed enzymes development will be carried out, ultimately facilitating the objective of animal nutrition and health enhancement. Further, it was also agreed that products developed under the agreement will be commercialized by both companies
September – Product Launch
DSM (Euronext: DSM) world leader in animal nutrition and Novozymes A/S (Nasdaq Copenhagen: NZYM B) world leader in biological solutions had reportedly announced a new feed additive called Balancius™, which was the world’s first at the time of the launch to improve gut functionality for broiler chickens, acting as an enabler for broilers for a better nutrients uptake from the feed aiding in better growth, minimization of feed use and facilitating the production of 3% more food from the same amount of feed. This product not only cut costs for livestock management but also reportedly aids in a significant reduction of greenhouse gas (GHG) emission.
November – Strategic Partnership
Kerry Inc’s (ISEQ: KRZ; LSE: KYGA) Kerry Animal Health & Nutrition and Agrivida, the Massachusetts-based biotechnology startup has reportedly announced a strategic partnership, providing Kerry with rights to promote Agrivida’s pioneering GRAINZYME® Phytase technology for poultry use for the U.S.A. market. This product was designed with the rationale to replace a fraction of the traditional corn that producers already feed their flocks, which would reportedly result in higher business profitability.
Therefore, from the aforementioned, it can be concluded that the need for food security requires assurance of food safety, among others, which in turn is poised to drive the need for feed safety. Moreover, with growing awareness of the negative externalities of animal husbandry on the environment coupled with the demand for high quality, affordable food as part of a healthy, balanced diet by consumers has led to the development of enhanced feed that is devoid of chemicals and is primarily derived naturally. Thereby leading to a higher demand for animal feed which in turn will facilitate healthy growth of industrial enzymes during the next few years.
Servo Motors and Drives Market Growth – Effectuating a Paradigm Shift Through Automation
Thought ArticlesWith motion control being fundamental to automation, among a myriad of aspects that are subsumed under it, servo motors and drives are essential to translate low power command signals from the controller to high power voltage and current to the motor. Based on the nature of applications like quick reversing, high accuracy positioning, among others, these electric devices can regulate and properly coordinate the motor’s desired position, speed, and torque. Further, they are easy to install and doesn’t involve any cost of maintenance.
Motor Vehicles for the Transport of >= 10 Persons, Incl. Driver – Imports
Source: International Trade Centre
In thousands of US$
Insights – Applications, Technology, Motor Configuration
From the perspective of the application, the segment of robotics is expected to occupy a substantial share of the servo motors and drives market, chiefly due to the integration of robotics in a variety of end-use applications and the concomitant stratospheric growth of the robotics industry. Owing to, among others, a huge volume of trade that the world is currently witnessing, the segment pertaining to printing and packaging is also expected to register a decent growth rate. Furthermore, albeit the downward draft due to COVID19 and the recent African swine fever (ASF) which restricted trade and livestock farming to a certain extent, among others, the all-encompassing food & beverages industry is expected to drive the demand for servo motors and drives to a new zenith because of the growing need for automation which provides enhanced accuracy in a host of processes that the industry entails. Applications pertaining to textiles, pulp & paper among others are also increasingly adopting these electronic devices. Automotive is another segment that is expected to occupy a huge space in the servo motors and drives the market.
Besides, from the technological aspect, the segment of the single-axis servo system is expected to contribute to a meteoric rise of the servo motors and drives market as compared to multi-axis servo systems. This is mainly due to the relatively reasonable cost and an efficacious performance that ist widely known to offer. Further repetitive operations like those of CNC machines, XY tables, assembly arrangements, among others, necessitate the use of linear servo motors and drives. Moreover, with a greater number of manufacturers making linear servo motors commercially available, consumers have a greater degree of liberty to settle for the product that best fits their needs, even though rotary servo motors also hold an equivalent space in this market. With respect to motor configurations, AC servo motors and drives are poised to hold a substantial space in the market due to its adaptability to both light and heavy power load without compromising on performance, with synchronous types being the most preferred types.
Flat-Rolled Products of Stainless Steel, of a Width of >= 600 MM, Hot-Rolled or Cold-Rolled "Cold-Reduced"- Exports
Source: International Trade Centre
In thousands of US$
Strategic Landscape & Consequent Influences
The global market for servo motors is fragmented due to the presence of small-scale manufacturers of servo motors and drives around the world. The major companies are expected to hold a great share of the global market which has been augmented by full-fledged companies in emerging markets as well. Further, to gain competitive advantage the players in the market have increasingly adopted strategies like business expansions, acquisitions, collaborations, and product launch, which is anticipated to lead to a substantial growth of the market. Some of the strategies adopted by the players in the semiconductor industry during 2018 are detailed below.
February – Collaboration
SEW-EURODRIVE a world leader in drive technology and a pioneer in drive-based automation and subsidiary of GENERAL ELECTRIC (NYSE: GE), GE Power, which is the world’s energy leader that operates in 180 countries, and reportedly equips 90% of power transmission utilities worldwide with their technology had announced a collaboration with each other. The primary rationale for this collaboration is enabling a new generation of connected machines with rich motion and drive technology. Based on this rationale, Sew-Eurodrive’s robust portfolio that comprises servo gear-motors among others is based on modular components that can be assembled in a variety of different configurations that best suit the customer needs at a reduced cost. Sew-Eurodrive’s drives and servo motors with variable frequency will be integrated into the GE PACMotion product line. In this manner GE Power’s Automation & Controls business, which had recently launched industrial Internet Control System (IICS) that combines both control and connectivity into a single device facilitating the transitioning of controls into the digital era, will be enhanced., while enabling Sew-Eurodrive to integrate a rich set of analytics resulting enhanced operational efficiency and reduced cost. For consumers, this collaboration translates to greater accessibility of a wide range of intelligent products.
June – Acquisition
The acquisition of Lafert Group, a European leader in the design and production of electric motors and drivers, which are tailor-made for industrial use was reportedly acquired by Sumitomo Heavy Industries Ltd and its Power Transmission and controls division. The value of the transaction was reportedly equal to an equity value of EUR 172.65 million. After the transaction, Lafert will be a part of the Japanese market brand Sumitomo Drive Technologies and will execute the function of being a global Competence Center for research and development. Further, the total value of the production of electric motors of Sumitomo Drive Technologies after the acquisition of Lafert was reported to be to the tune of 250 million Euro, of which 24% comprise brushless servomotors and torque motors.
July – Busines Expansion
It was reportedly announced that Yaskawa Electric Corporation (TYO: 6506, FSE: 6506) completed the construction of its third plant at Economic and Technological Development Area, Shenyang, China, and subsequently started its operations. This plant was established for augmenting the production capacity of robot controllers, servo amplifiers, servo motor which are fundamental components of automation equipment.
November – Product Launch
It was reportedly announced that Kollmorgen leading global motion solutions provider and a subsidiary of Danaher (NYSE: DHR) had announced the launch of Dual-Axis AKD®2G Servo Drive which was reportedly a power-dense industrial servo with drive-resident graphic display (an industry first) made commercially available in the market. The primary features and advantages that substantiates the launch are:
Features:
Advantages:
Extra notes: AKM2G is a synchronous servo motor that is configurable and has high-performance featuring more power density and enhanced torque/speed ratio, enabling OEMs to reportedly achieve up to 30% more performance out of a motor that is equivalent in size or achieve the same degree of performance with a motor that is smaller in size.
Thus, from the aforesaid strategic landscape, it is discernible that advancements in automation have increased various strategic adoptions enabling the market to satisfactorily bring about motion control solutions, which in turn is expected to empower a variety of industries to address the challenges of rising labor cost, unavailability of adequate labor as well as the need for substituting inefficient electric motors, and the need for adhering to global standards of energy efficiency, thus consequently leading to an anticipated servo motor market growth.
Breaking the Myth of Underfloor Heating System
BlogThe underfloor heating system is a heat source that is simply used for keeping the room of a building warm. It can be installed under the floor, walls, or even the ceiling to ensure that the rooms heat faster. The growing trend of installing modern interior has been instrumental in supplementing the demand for an underfloor heating system since it does not occupy additional space and ensure that there is enough room for instating modern architecture. Furthermore, the ability of the underfloor heating system to work with all types of flooring further makes it an attractive option, with the global underfloor heating market size estimated to grow from US$4.110 billion in 2019 to US$6.303 billion in 2025 at a CAGR of 7.39%. Even though, the underfloor heating system requires an initial investment that is typically almost 30% higher than that of the traditional radiators, the ability of these systems to pay off the investment, in the long run, is seen as an appealing option for the building/homeowners as they are more efficient and require less maintenance in comparison to the traditional radiators. Moreover, the performance of electrical underfloor heating is similar to that of the radiators, making them popular, specifically in regions where the climate is harsh and cold.
Rising Focus on Building Energy Management
According to the U.S Department of Energy – heating, cooling, and ventilation captures 34.94% of the residential and commercial building’s energy use. Similarly, according to the Department of Industry, Science, Energy, and Resources – Australian Government, HVAC typically consumes 39% of the energy supplied to an office building in the country, within which, 6.6% of the overall energy is consumed by the heating requirement of the building.
Typical Energy Consumption in an Office Building
Source: Department of Industry, Science, Energy, and Resources – Australian Government
Thus, efforts have made by the government, specifically in the United States and Europe, to optimize energy consumption and make the commercial and residential building energy efficiency meet their respective climate change goals. The energy and power industry have been recommending replacing conventional equipment and appliances with green and power-efficient equipment. Comparing the environmental impact, due to its size and dimension, the underfloor heating system requires relatively less energy to provide a similar level of performance as the conventional radiator, with the former consuming 20%-40% less energy than the latter to heat a room of similar dimension. Thus, in order to reduce the share of HVAC in building’s energy consumption and to optimize overall building’s energy demand, replacing conventional heating equipment with the underfloor heating system may provide a small but significant stimulus in ensuring controlled carbon emission in the immediate future.
Recent Market Developments
Rising Remodeling Expenditure Providing High Revenue Generation Opportunity
According to the European Insulation Manufacturers Association, single-family and multi-family houses combine 67% of the total floor area in Europe. The underfloor heating system tends to improve the value of the property significantly. In fact, it has been suggested that underfloor heating is the second or the third most popular choice among the individuals that they spent on while getting a major home improvement in Europe. Thus, the rising household expenditure on remodeling/renovation directly correlates with the growth of the underfloor heating market. For instance, close to double-digit growth of household remodeling spending has been observed in key European markets such as the United Kingdom, Germany, and France in the last couple of years.
Distribution of Floor Area per Building Type in Europe, in %
Source: European Insulation Manufacturers Association
Similarly, in the Nordic region, specifically, in Norway – more than seven out ten apartments are owned by the private individuals (source: Statistics Norway) and property owners are the most important factors for carrying out the renovation activity in the country. In Finland, however, the spending on renovation construction has declined by 4.2% to reach EUR 6 billion in 2019 (source: Statistics Finland), however, a significant proportion of the individuals have planned spending on heating system renewal in the next three years. Similarly, in the United States, remodeling spending has been growing at a good pace over the years and has been instrumental in driving the underfloor heating market growth in the country.
Intelligent Packaging: Quality Checking at Its Best
BlogIntelligent packaging is referred to as a packaging system that is capable of carrying out smart functions such as detection, sensing, recording, tracing, communication, in addition to the application of scientific logic. This further helps in the facilitation of decision making, an extension of the shelf life of the product, safety enhancement, improving the quality of the product, providing relevant information regarding the product status, and warning about possible problems. The technology consists of temperature and freshness indicators, RFID tags, and sensors.
Intelligent Packaging for Food
The market is projected to grow at a significant pace with the rising trend towards the achievement of product safety, high-quality, and sustainability. With the increasing demand for food in order to satiate the rising global population, there is a need for sophisticated technologies that help in providing information regarding the quality status, thus preventing food wastage and spoilage. Hence, the adoption of intelligent packaging will help in the form of a quality indicator for the purchased food product. This will keep the consumer well-informed about the food quality and thus will curb food wastage to a greater extent. The growing demand for livestock products like meat, milk, and eggs will fuel the intelligent packaging market demand along with the growing demand for animal protein. As per the WHO information, there has been a surging pressure on the livestock industry for the production of high-value animal protein. Hence, the livestock sector is continuing to grow at a rapid pace and the major driving factors behind this growth are attributed to the rapidly growing population, increasing income, and rapid urbanization. The meat production on an annual basis is predicted to surge from 218 million tonnes during 1997-1999 to attain a production size of 376 million tonnes by the end of 2030.
Source: WHO, Annual Meat Production, 1997/99 to 2030, in Million Tonnes
A strong relationship between the rising income levels and animal protein consumption is depicted with the consumption of animal products like meat, milk, and eggs growing at the cost of commonly consumed staple foods. Additionally, with a sharp decline in prices, it has been noticed that the developing or the emerging economies of the world have commenced on higher meat consumption levels in comparison to the developed economies. According to the FAO predictions, the annual meat consumption in the emerging economies is projected to soar from 25.5 kg per person in 1997/99 to 37 kg per person by the end of 2030. In the industrialized nations, it is predicted to surge from 88 kg per person to 100 kg per person during the same time period. For milk and dairy products, the consumption is projected to grow from 45 kg per person per annum to 66 kg per person in the emerging economies, for the developed economies, it is predicted to surge from 212 kg per person to 221 kg per person. On the other hand, egg consumption is projected to rise from 6.5 kg per person to 8.9 per person; and from 13.5 per person to 13.8 per person in the developing and developed economies respectively.
The use of intelligent packaging for such perishable food items will definitely be of immense help in providing accurate information regarding the freshness level of the animal-derived food products.
Intelligent Packaging for Pharma Sector
The introduction of smart packaging in medicines is further providing an impetus in boosting the intelligent packaging market growth. The need for intelligent packaging is continuing to grow at a significant pace owing to the increasing prevalence of drugs that are sensitive to certain parameters such as moisture, increasing patient population that requires constant reminders for drug intake on a regular basis, and concerns regarding the sale of counterfeit drugs. It has been noticed that the use of Near Field Communication, NFC, can be highly effective in stopping the sale of counterfeit drugs. The technology involves a unique secure code that is invisible to the human eyes. The secure code is embedded inside the packaging of the pharma product. An authentication server stores the database of the pharmaceutical product, in addition, the server also stores the unique secure code related to the product. Then a mobile device is connected to the server and is configured to read the code that was inserted inside the product packaging. By bringing the mobile device close to the pharmaceutical packaging, the mobile is capable of identifying the genuine pharmaceutical product through communication with the authentic server, and, this, in turn, compares the unique secure code saved in the database.
Previous studies state that even high-income countries with strong regulatory systems that are capable of excluding false drug products also faced issues regarding the sales of counterfeit drugs in their markets. Also, as per OECD information, the incidence of adverse health consequences was noticed due to the use of fake medicines. It was estimated that around 72,000 to 1,69,000 children were expected to die from pneumonia every year after the consumption of fake drugs. Also, it was further assessed that false anti-malarial drugs are predicted to be responsible for additional 1,16,000 deaths (source: WHO, 2017).
Furthermore, significant product launches of smart packaging for drugs is contributing to burgeoning the market growth. In 2019, Log Pharma announced the release of its ActiveGuard Connect smart packaging solutions. The package designing is done for addressing the needs of patient adherence to a prescription drug or nutraceutical supplementation. The technology consists of an incorporated desiccant chamber that is designed to be attached and synchronized with a consumer’s smartphone.
Intelligent Packaging for Cosmetics
Beauty brands are also leveraging intelligent packaging technology that will not only allow the tracking of their cosmetic and personal care products but will also help in interacting with the user, in addition to offering an advanced product. Significant partnerships among organizations in the field of smart packaging for cosmetic and personal care commodities are further providing an opportunity for the market to thrive. In 2018, Cambridge Design Partnership teamed up with the international beauty brand, Avon, for utilizing smart packaging to support customer trials for a novel anti-ageing product.
A Guide to Display Panel Industry
Thought ArticlesDisplay panels are referred to the electronic viewing devices that enable people to view a piece of information in the form of images. These mostly comprise still images, moving images or texts, or any other visual material. Today, display panels hold immense market potential with the growing consumer electronics industry. The growing gaming and entertainment industry are further contributing to propelling the market growth. Also, the advent of mobile devices including smartphones, laptops, and tablets are propagating the market demand at present and in the upcoming years. Industries such as healthcare, transportation, and others integrate display panels into their equipment for providing a user-friendly interface for viewing data.
The growing HMI industry is further fueling the display panel market demand, also the adoption of touch screen panels has strengthened further market growth prospects. Human machine interface is an important tool providing convenience to the operator for interaction or machine control, or the entire process. HMI evolved from hard wired push buttons and indicator lights on a control panel to digital visual touch screens. Traditional HMIs lacked any sort of visual display. The operator had to constantly rely on the audible feedback, and alarm systems, in addition, push buttons were utilized for controlling the process. The next HMI panel consisted of text panels or alpha numeric-based operator interfaces. The hard-wired push buttons and indicator lights were replaced by the text panels having membrane push buttons on them. The only advantage of this type of panels was that an operator was capable of reading pre-programmed messages onto the LCD screen. Hence, providing the information to the operator in a visual format. Thus, in an HMI industry, since the onset of text panels, display panels started gaining momentum. With the revolution in industrial automation, there was a rise in the adoption of more refined control systems and visualization commodities. Slowly, touch screen models came into being with advanced graphical displays replacing text display panels with better screen resolution. This provided flexibility to a programmer in designing visually pleasing screen, also, the screen can provide a user or an operator what is going on in the entire plant without the need to manually conduct the scanning process. This is because of the fact that everything is displayed right onto the HMI screen.
The growing disposable income, especially in the developing economies of the world have put a significant impact on the market growth. The major reason lies in the fact that with the growing consumer disposable income, the willingness to spend on premium consumer goods, like kitchen appliances and other electronic gadgets, has certainly risen. This has resulted in the surge of the display panel demand for incorporation in these devices. The rising middle-income-population of the developing countries like India and China from the Asia Pacific region has provided a large consumer base for the consumer goods market to proliferate. Additionally, the increase in family income, with more than one earning member, specifically, with women entering the main workforce is also contributing to the market growth. The increasing global final consumption expenditure is adding to surge the display panel market growth. As per the World Bank predictions, the final consumption expenditure of the world grew from USD55.417 trillion in 2015 to USD63.083 trillion in 2018. In China, the final consumption expenditure grew from USD5.972 trillion in 2015 to USD7.65 trillion in 2018. In India, the final consumption expenditure rose from USD1.461 trillion in 2015 to USD1.91 trillion in 2018.
Source: The World Bank Group, Final Consumption Expenditure, World, India, and China, in USD Trillion
Significant investments in display panel manufacturing facility are providing an impetus in surging the market growth. In 2020, Samsung Display announced its investment of USD500 million in India. The investment amount will be dedicated towards setting up a manufacturing unit for the production of smartphone displays. The Korean company, Samsung recently, in 2018 inaugurated a smartphone manufacturing plant in Noida for expansion of its presence in India, the second-largest mobile phone market after China. Samsung Displays novel manufacturing unit to be located in Noida, Uttar Pradesh, is geared to help its parent organization in securing smartphone display panels at a cheaper rate and enhancing productivity.
The growing adoption of wearables worldwide is further propagating the display panel market demand. This can be assessed through numerous innovative wearable product launches. In 2019, Huami announced the release of the multiple series of novel and innovative wearable products at the consumer electronic show, 2020. The event was announced to take place in Las Vegas. The world’s largest company is poised to expanding its Amazfit portfolio beyond the smartwatch range. With growing consumer demand for health and fitness products, the company aims to build a strong foundation and ecosystem of wearables with a focus on health and fitness management.
In 2020, Huawei announced the launch of its next wearable, Huawei band 4 product. The novel product is equipped with heart rate monitor, oxygen saturation, and sleep monitoring features. The wearable fitness tracker band device consists of an in-built USB charging port, with a long-lasting battery, for nine days on a one-time full charge. The band has a colour touch screen display in addition to a glass front with 2.5D with an oleophobic coating. The band provides 9 exercise modules that include outdoor run, rowing machine, outdoor walk, free training, outdoor cycle, elliptical machine, indoor walk, and indoor cycle. In addition, there is a provision for setting reminder alarms. The band offers other features as well apart from the health and fitness capabilities, these include cold calls identification, remote shutter, smart clock, and phone finder features.
The increasing popularity of digital signage is providing an opportunity for the market to thrive at a significant pace. One can see the increasing adoption of digital outdoor signage in almost every industry vertical, hotel industry, at retail locations, transportation facilities, entertainment venues such as a sport event, and many more. The major reasons for its growing popularity are attributed to the dynamic and interactive content, it is cost-effective in comparison to the traditional broadcasting boards, digital signages have shown improvement in remembering the content, thus, contributed to increasing the content retention rates. Furthermore, digital outdoor signages are designed in a way that can be easily understood, even in direct sunlight, further providing the consumers with a much better viewing experience than before. Also, the availability of innovative outdoor-specific screens capable of enduring wind, high and low temperatures, and moisture is further offering robust market growth prospects.
An Electrical Engineered Innovation Capacitive Sensor
BlogCapacitive sensors are often called non-contact devices that are used to detect the presence or absence of virtually any object regardless of any type of material. Expanding the automotive industry is one of the prime drivers for the growth of the capacitive sensor market during the forecast period. Also, growing demand for smartphones, tablets, and other advanced consumer electronics worldwide is further fuelling the demand for capacitive touch displays, thus positively impacting the demand for capacitive sensors in various parts of the world.
Increasing Demand for Electronics Across Industry Verticals
Consumer electronics comprising capacitive sensors includes smartphones, wearables, and advance tablets among other consumer electronics. Increasing adoption of consumer electronics and the availability of a variety of products, the demand for consumer electronics is increasing, simultaneously which will further push the demand for capacitive sensor during the forecast period. In addition, the increasing household consumption expenditure also plays an important role in increasing the demand for consumer electronics, which further increases the demand for innovative sensors from semiconductor industry. For instance, as per the World Bank, the household’s final consumption expenditure has grown remarkably from US$ 2.732 trillion in 2011 to US$ 4.698 trillion by 2017. Furthermore, rapid urbanization and increasing disposable income in developing economies like India, China, and Brazil are anticipated to increase the demand for consumer electronics which will further widen up the growth opportunities for vendors and manufacturers during the forecast period.
Moreover, with the increasing popularity of wireless power, interactive displays, and advance robotics there is a burgeoning demand for better performance. With this heavy expenditure are being done by the manufacturers of consumer electronic devices worldwide, in the R&D to bring out the state-of-art technology, as a result, the demand for semiconductors is expected to grow in the coming years. In addition, the demand for these devices in the communication industry will see a rise due to their increasing application in smartphones and other communication devices. Smartphones utilize multiple sensors, ranging from proximity sensors, accelerometers and gyroscopes, magnetometers, and light sensors, among others. Furthermore, the technological advancements in the field have also led to manufacturers further improving the capacitive sensor usage in smartphones.
With the advancement in embedded technologies, technologies such as industrial PCs are used in electronics manufacturing plants so as to increase productivity. Industrial automation in the manufacturing industry is playing a significant role in increasing the demand for capacitive sensors. Panel PCs are increasingly being utilized in the manufacturing plants because they meet the demands of a rigorous working environment. Emerging technologies such as the Industrial Internet of Things (IIoT) are shaping the manufacturing processes in the electronics industry. It is becoming a core component of industrial transformation across the globe. Manufacturers are steadily adopting industrial IoT to upgrade their facilities and to gain a competitive edge. Thus, increasing demand for such technologies is expected to bolster the capacitive sensor market growth. The market is expected to grow at a steady pace owing to the growing semiconductor and electronics industry in the developed and developing countries. Emerging technologies such as Industrial Internet of Things (IIoT) is shaping the manufacturing processes in electronics industry. It is becoming a core component of industrial transformation across the globe. Manufacturers are steadily adopting industrial IoT to upgrade their facilities and to gain competitive edge. Thus the market is expected to grow at a steady pace owing to the growing semiconductor and electronics industry in the developed and developing countries.
Source: Apple Annual Report, Knowledge Sourcing Intelligence Analysis
China Is Driving the Growth of the Market
In China, the government policy also aims at supporting the creation of manufacturing innovation centers to 15 by 2020, and to 40 by 2025. Moreover, the availability of cheap labor and other supportive government practices have also assisted China in being a hub for electronic manufacturing and attracts producers from around the world to set up production sites in the country, further amplifying the semiconductor production and thus, positively impacting the demand for capacitive sensors in the coming years. The Chinese region is also a prominent manufacturer of solar cells. According to the Global Market Outlook for Solar Power, 2018 to 2022, by the European Photovoltaic Industry Association, China installed 53.3% of the world’s solar capacity in 2017, and the country is also responsible for more than half of the global demand. With the country still projecting a high growth in solar cell production, the demand for capacitive sensors to assist the same will also increase in the region during the forecast period.
Understanding the Japanese Capacitive Sensor Market
The domestic consumer spending has been relatively week in recent years, even though, there has been a growing indication of the improvement in real wages on account of rising employment trends. The growing consumer spending in the country is stimulating the production of personal computers, smartphones, and audio-visual equipment, among others. Thus, after a recent decline in domestic production of Japan’s electronic industry by 6% in 2016 (source: Japan Electronics and Information Technology Industries Association), the industry is projected to witness moderate growth during the forecast period, more specifically for display devices, storage/server equipment, electronic medical equipment, and electric measuring instruments.
Moreover, the production of passenger cars and commercial vehicles has also improved since 2015. For instance, the vehicle production in the country, including passenger vehicles, trucks, and buses, totalled 791, 315 units in December 2017, representing 1.3% year on year increase during the same month in 2016 (source: Japan Automobiles Manufacturer’s Association). Furthermore, the instance of a trade war between the United States and China in which the United States imposed steep import duties for the Chinese manufactured good is resulting in some firms shifting their production facilities from China to other countries such as Japan and Korea among others in order to maintain higher margins. Thus, the anticipated economic recovery and relatively favourable trade policies are projected to push the growth of the capacitive sensor market in Japan.