Smart Hospitality Market: Entering a New Era of Hospitality

smart hospitality market

The global hospitality sector has, for long, been undergoing a continuous transformation and this transformation is picking up even more pace as societies continue to welcome the fusion of different cultures into them. Cultures from the eastern world and the western world can be seen blending into what we, today, call as a modern society. From the way people live, to the way they eat, drink, socialize and interact with other elements of the modern ecosystem, societies are witnessing a continuous evolution on all key fronts. The pace at which this modernization of societies is taking place can be deduced from the pace at which urbanization is increasing worldwide. It is interesting to see how people’s desire to become a part of modern society is driving the urbanization engine worldwide. The figure given below shows the urbanization trend at a global level:

Global Urban Population, % of Total Population

smart hospitality market 

Source: The World Bank Group

Clearly, the drift of people from rural areas towards urban areas does not seem to stop any time soon and this drift is being fuelled by people’s perception about urban localities. People believe urban areas can offer them a better standard of living by improving the access they have to basic amenities and by offering them enough opportunities to boost both their professional and personal growth. As urbanization continues, and trends continue to change, players across hospitality sector can be seen putting in efforts to evolve their offerings. Since the growth of this sector is very closely aligned to the degree of comfort and cost-effectiveness players across this sector offer to customers, any change in societies reflects in the offerings by hospitality providers. Smart hospitality is a relatively new practice which involves the incorporation of technology into various aspects of hospitality in order to provide customers a better experience. The smart hospitality market growth is majorly attributed to rapid growth of tourism sector across the globe. The figure given below shows the increase in the number of international tourist departures from countries worldwide over the years:

Global International Tourism, Number of Arrivals, in Billion

smart hospitality market 

Source: The World Bank Group

This continuous increase in the number of international tourist arrivals is partially attributed to continuous efforts by many governments into strengthening their tourism sector.The government of Indonesia, for instance, is working towards making the country a more attractive tourist destination for travellers from high income countries and this focus of the government is visible through the initiatives being taken by it to meet this goal. For instance, in December, 2019, the government announced its focus on attracting tourists from European countries following a decline in the number of visitors from China on account of China’s ongoing trade war with the United States. While this is just one example, many other countries across the globe, which hold enough growth potential in their tourism sector, can be seen working rigorously towards strengthening this sector. As this continues, hospitality players are increasing the flow of investments into advanced technologies in order to offer high degree of comfort and satisfaction to their customers. Smart hospitality solutions use technologies like Internet of Things (IoT) and Artificial Intelligence (AI) to enhance their comfort and safety. Since these two parameters are very critical for the business growth of hospitality providers, many companies are adopting smart hospitality solutions across their businesses. Hilton, for instance, one of the key hotel chains in the United States, delivers smart, hyper-personalized hotel rooms to its customers.

The company spent more than US$100 million to develop and install a digital key technology that allows guests to open their rooms with their smartphones. This might seem a small functionality to some customers but adds significantly to the security, convenience and thus, to the overall customer satisfaction. Success stories like these are influencing many other players to adopt solutions like these in their hotels or other such establishments. This is fuelling the demand for smart hospitality solutions and services, thus driving the market growth. Since this market still holds immense growth potential, many smart hospitality companies are engaging in partnerships and other growth strategies to diversify their product portfolio so as to expand their market reach. In 2018, the creator of the speech-enabled device built for hotels, Roxy, partnered with leading provider of smart home solutions, Control4 to allow hotel guests to use their voice to adjust room controls including lights, thermostat, and blinds. This trend can be seen in other parts of the world as well. The growth of this business is also attributed to continuous advancements in technologies. As Internet of Things and Artificial Intelligence continue to become even more advanced, their penetration is not confined to some specific sectors. As their know-how continues to increase, these technologies are breaking the walls and penetrating into every sector across the globe. The adoption of these technologies across sectors like hospitality is also being fuelled by improving affordability of these technologies. Availability of enough skilled workforce, and presence of a large number of vendors offering everything from hardware and software to professional and managed services is making these technologies easily accessible for various customers. This is fuelling the shift towards smart hospitality, thus augmenting the market growth.

Geographically, the report, titled Smart Hospitality Market, from Knowledge Sourcing Intelligence, segments the market into North America, South America, Europe, Middle East and Africa, and Asia Pacific. To give a clearer view of the market, these regional markets have been further segmented into countries which account for a significant share in the market. North America and Europe account for a major market share while the Asia Pacific smart hospitality market is expected to show a higher growth over the next five years.

About the Author:

Dhiraj Kumar Sharma is a Market Research Analyst at Knowledge Sourcing Intelligence. He combines his outright understanding of technologies with years of experience working in the industry to deliver actionable information to clients who span across industries and geographies. Dhiraj often works closely with clients in order to better understand their requirements and is known for the quality of market insights he delivers to them.

Additive Manufacturing Market Trend – Changing Tomorrow’s Manufacturing Landscape

Also known as 3-dimensional printing, additive manufacturing (AM) is the process of creating three-dimensional (3D) objects in a layer based on data that is derived from CAD. Over the last few decades, AM has undergone an explosively swift evolution that has led to a transition from making basic models which are also better known as rapid prototyping through the ability to carry out near-net-shape processes to execute the production of objects with complex shapes ultimately being integrated to conventional production methods. The factor that is determinative in driving the anticipated growth of the market is the reduction of lead time and minimizing the cost of production.

additive manufacturing market

The other driver that forms as the basis of all other benefits is continuous investments in additive manufacturing technology that has rendered the manufacturing of metal components with high tensile strength and which are complex in shape practicable, enabling its utilization in a range of engineering applications, among others. There are quite a few techniques pertaining to AM that has been thus far developed, among them the noteworthy mentions are digital light processing (DLP), electron-beam melting (EBM), fused deposition modeling (FDM), selective laser melting (SLM), stereolithography (SLA), among others. Since the system incorporates the layer-by-layer process, it is possible to efficaciously create geometrically complex prototypes and products in relatively smaller quantities. Therefore, applications that are customized, complex, high value, time-sensitive application Viz. automobile and aerospace parts (complex designs), broken part replacement (time-sensitive), and medical implants (highly customized Viz.  hip joints replacement) are best served by AM.

The other factors that are conducive to the sustenance of the additive manufacturing market are the increased incidence of customer co-creating whereby the manufacturers are gaining better clarity on ways to leveraging the opportunities of supply chain reduction and inventory minimization by either producing the needful close to the production point where the requirement for the same is expected to arise. Another advantage is crowdsourcing, in case design resources and engineering divisions are not co-located or in the stray event of not being connected, or if the organizations are hard-pressed for time and involved in other deliverables. It has emerged as a viable means through which an organization can effectively capitalize on the opportunities, which arise from the aspect of democratization of technological applications.

One recent example of the aforementioned is an announcement made, in April 2020, by Volkswagen AG (ETR: VOW) which invited upcoming automotive designers and professional to upload their designs on their own Instagram profile and tag images with the #VolkswagenDesign2050 hashtag, whereby their uploaded design will be automatically entered in the competition. The goal of the challenge is to generate 3D printable ideas for automotive parts intended for the VW ID Buzz that will create added value for the customer through function, aesthetics, comfort, and/or customizability, necessitating a customer-centric approach. Thereafter 3 designs will be shortlisted by the executive director of Volkswagen Design among which the winning design will be printed. Further, the third driving factor is that of the sustainable production process, in other words with an additive manufacturing facility located close to the manufacturing line the cost of transportation is significantly reduced as well as due to the creation of lightweight parts.

Titanium and Articles Thereof, N.E.S.; Titanium Waste and Scrap (Excluding Ash and Residues Containing Titanium), Global Imports

additive manufacturing market

Source: International Trade Centre

In thousands of US$

Metal AM segment is expected to be occupy a significant market share since its increasingly finding itself in a myriad of applications. Metal AM offers high-performance parts that are made out of a variety of materials aluminum, bronze, cobalt alloys, copper, gold, nickel alloys, palladium, platinum, silver, steel, titanium alloys, and tungsten, intended for high-value industries like healthcare aerospace, automotive, among others, empowering them to facilitate the fabrication of parts with complex geometries leading to a reduced material weight. Selective laser melting (SLM) and direct metal laser sintering (DMLS) are metal AM processes that have been used traditionally. As the industry further progresses and is subjected to a higher degree of R&D, metal 3D printing with powder bed fusion is increasingly becoming the mainstay of the additive manufacturing market. In view of the above, the segment of metal as AM material is anticipated to witness a meteoric growth during the next few years, which is evident from a select few developments in 2018, that have been elucidated below.

February – Collaboration

The world's largest aerospace company Boeing [NYSE: BA], and a leading technology and engineering group, Oerlikon [SWX: OERL] reportedly signed a 5-year collaboration agreement to facilitate the development of standard materials and processes for metal AM. Other objectives are:

  • Unlock the capabilities of powder bed titanium AM for the aerospace industry
  • Development of a wide range of cost-effective, reliable, safe, and structural titanium aerospace components
  • Subsequent industrialization of titanium powder bed fusion AM leading to the production of parts as per the standards mandated by to Federal Aviation Administration and Department of Defense

April – Acquisition

Premium AEROTEC the German pioneer in metal 3D printing implementation for aviation and the first aviation supplier that was able to introduce 3D printed titanium components into the structure of aircraft had reportedly acquired APWORKS, the 3D print specialist, thereby reportedly making the latter’s eleven production units that utilize a wide variety of materials, among others,  accessible to clients.

October – Completion of AM Metal Powder Production Facility Construction

A Canadian company that is known for designing, developing and manufacturing systems pertaining to plasma waste-to-energy as well as plasma torch called PyroGenesis Canada Inc. (TSX-V: PYR), had reportedly announced the completion of its state of the art AM metal powder production facility that will be reportedly dedicated to plasma atomized Ti6Al-4V powders production, primarily intended for aerospace and biomedical industries.

Another aspect that has the potential to influence this market of the semiconductor industry is the high initial investment which restricts it to a few big entities. Nevertheless, the proverbial every cloud has a silver lining is also applicable to this market as it had been evidenced by Desktop Metal™ a Massachusetts based unicorn that was founded in 2015,which had reportedly raised $65 million in funding led by Ford Motor Company (NYSE: F) and with participation from independently managed sovereign wealth fund called Future Fund aiming to make AM accessible to all engineers, designers, and manufacturers outside highly specialized industries, among others. The other aspect is that of labor of which there is a dearth and hence it’s an expensive component of the AM process because AM equipment won’t function just by a push of a button, it requires trained technicians to operate them, this makes it somewhat difficult for  AM equipment to be accommodated into the existing manufacturing workflow. Nevertheless, just like mainframes had transitioned into desktop PCs decades ago the AM systems too are gradually transitioning from monolithic to a distributed setup, thereby driving the AM market to a new zenith.

E-Pharma Market Growth – Revolution Medicine Prescription and Dispensing

E-Pharma market

A pharmacy that can be accessed over the internet wherein licensed healthcare practitioners can prescribe medicines which can thereafter be delivered at the respective patients’ doorstep is essentially known as e-pharmacy giving rise to the eponymous E-Pharma market. Besides prescribed drugs over-the-counter (OTC) drugs can be obtained through a similar platform as well.

Population Aged 65+ of High-Income Countries (Forecast in Thousands)

E-Pharma market

Source: United Nations, Department of Economic and Social Affairs, Population Division

The factor that is a part of dominating drivers that are anticipated to strengthen the growth of the market during the next few years is the expanding section of the elderly population in developed economies. Elaborating further, driven by a decrease in fertility and advancements in the rate of survival which in turn is derived from developments witnessed all over the world that are of economic and social nature which have had a positive impact on medicine through investments in constant R&D, thus improving the overall public health. As a result, and evident shift in ages, the structure has occurred with subsequent cohorts having a longer life span with fewer children. Moreover, according to the estimations by the United Nations (UN), by the year 2059, one out of six people will be over 65 years of age. This is a reported increase from one in every 11 people which were the estimates for 2019 and accounted for 9% of the world population. Further in 2019 people who were over 65 years or over accounted for 703 million persons, around the world. This is figure is forecasted to double in 2050. Moreover, the count of individuals who are aged over 80 years of age is estimated to triple in 2050 that will constitute a population of 426 million from 143 million in 2019.  Before all foregoing, the year 2018, the total number of children under 5 years of age was surpassed by surpassing the number of individuals who are over 65 years of age.

With respect to health, the World Health Organisation (WHO) suggests that mild to moderate disability over the past 30 years (counting from February 2018) still exists. Further WHO also notes that common conditions among the elderly population are inclusive of but not limited to back and neck pain cataracts and refractive errors, chronic obstructive pulmonary disease (COPD), dementia, depression, diabetes, hearing loss, and osteoarthritis. Moreover, there are other conditions that people at this age are more susceptible to and which can’t be explicitly delineated within the purview of discrete categories of diseases. This is commonly known as geriatric syndromes which stems from multiple underlying factors and include delirium, frailty, pressure ulcers, urinary incontinence, among others. In view of there have been several geriatric medicines that are being developed. Thus, along with the availability of  OTCs, the requirement for such drugs, which has been made possible to be purchased from the comfort of one’s home is anticipated to drive the E-Pharma market during the next few years.

Pharmaceutical Products, EXPORT  (World)

E-Pharma market

Source: International Trade Centre

In Thousands of US$

From the perspective of the pharma industry, heavy and continuous investments in R&D initiatives and big-budget marketing campaigns have resulted in new product innovations. Further to respond to the need for solutions addressing an increasing degree of chronic diseases, a wide variety of opportunities have presented itself that the pharma industry is judiciously capitalizing on. Moreover, the accessibility of torrential data has led to the availability of actionable intelligence and has enhanced the pharmacoeconomic performance of different medicines, a part of which the E-Pharma market is expected to benefit from as well as contribute to, during the next few years. Moreover, the gradual expansion of self-medication also has resulted in a profusion of OTC medicines and substitutes. Additionally, the scientific foundation that supports the entire pharmaceutical industry is being adequately reinforced because of a host of advancements in areas like genomics, analytics, Bigdata, among others. Before all foregoing, the situation that has been brought about by COVID19 has necessitated the players in the pharma industry to engage with each other in an unprecedented manner as well as facilitate cross border cooperation in pharma product development. Moreover, national governments are increasingly investing in campaigns that promote prevention than cure which also is another reason for the innovation of prophylactic measures.

Another important aspect through which national governments bring about a sea change in their national healthcare landscape thus signaling a global change is the integration of e-solutions available for both patients and doctors and pharma players. In this regard taking the example of Estonia, a nationwide centralized and paperless e-prescription system that is used by doctors, patients, and pharmacies, was launched in 2010 by the Estonian Health Insurance Fund. Witch reportedly resulted in 84% prescription issuance, a year after the launch progressing to 99.9% in 2019 that constituted 10 million prescriptions each year conveying the acceptance of the system and the benefit of the error-free and time-saving method. Therefore, precedence has already been set for the current players in the relatively embryonic e-pharma market to take inspiration from.

The other factor that has achieved recognition as the backbone of ICT industry and is anticipated to drive the growth of the E-Pharma market during the next few years is the expanding reach of eCommerce which along with the support form courier services and the ubiquity of high speed can be also accessed by consumers who are living in relatively remote areas. To this end, it is important to note that according to United Nations Conference on Trade and Development (UNCTAD) worldwide sales pertaining to eCommerce had reached $25.6 trillion in 2018 which constituted 30% of the world’s gross domestic product (GDP). Moreover, due to the current condition of COVID19 to which the world has succumbed, has further catapulted the use of eCommerce. Further, the gross merchandise value of the world’s top 10 B2C companies in 2018 was to the tune of 2$ trillion., while the value of global B2B eCommerce in 2018 was $21 trillion, which accounted for all eCommerce activities. Besides the factors of expanding elderly population, increasing scope of self-medication, growing opportunities of pharma product developments, the profusion of eCommerce, free trade agreement facilitating the ease of cross border trade and customer convenience, aspects such as environmental sustainability achieved by elimination of paper use, supply chain, and product transparency, dissemination of value-added information about the concerned drug thus increasing the awareness of the consumers, among others, are expected to propel the E-Pharma market to a new echelon.

High Speed Camera: The Detailed Visual Analysis of Fast-Moving Objects

High-Speed Cameras are nowadays capable of addressing varied industrial and scientific measurement and troubleshooting applications.Whether stand-alone systems or attached to a PC-based system, these devices are utilized extensively across various end-use industry verticals that include travel and transport, media and entertainment, and many more. The current CMOS-based cameras re redefining the definition of high-speed. Traditionally, tube-based cameras that operate at 25fps and 30 fps were used in common in the broadcast industry. However, these were replaced by CCD and then by the CMOS-based imaging systems, where the camera designers increased the frame rates of the cameras. Today, the CMOS-based cameras are capable of achieving speeds between 250 fps to 200,000 fps. This broad spectrum of exposure spectrum has allowed to capture images for a range of applications. For example, for developing a low-cost industrial factory automation monitoring system, there might be a requirement of speed lying between 250 to 1000 fps. And this will depend on the speed of the production line.

In applications such as ballistics testing, there will be a requirement of imagers with a higher fps than previously discussed above along with other different considerations for determining the appropriate camera speed. The growing automation in industries is further providing an opportunity for the high-speed camera market to proliferate.

The introduction of machine vision technology has enabled the deployment of high-speed cameras for process monitoring and product analysis in different industries. One of the examples include high-speed cameras are utilized in a system for inspecting the position and orientation of solar cells and thus assists in the determination of chips, cracks, and bus-bar gaps among other abnormalities. Significant product launches by the key market players are further driving the high-speed camera market indicating innovation in the industry. In May 2020, Vision Research Inc, announced the launch of the new high-speed machine vision camera, the Phantom S710. The product offers exceptional frame rates to machine vision applications. Ranging up to 7Gpx/sec throughput. This has the capability of translating more than 7,200 frames per second at 1280 x 800 resolution and over 700,000 frames per second at reduced resolutions. The product contains the extremely popular high-speed camera, VEO710 and utilizes the proven Vision Research CMOS sensor, providing high quality imaging.

In 2018, Delta Electronics Company announced the launch of the advanced Delta Machine Vision System DMV2000 Series. The product series claims to offer a smart and user-friendly high-speed operation interface with a high-precision of up to 12 MB coupled with multi-processing ability. Up to 8 high speed cameras can be connected to the stand-alone systems. The series can be utilized effectively for product quality check, exterior size measurement, counting of finished products, identification check, and other automation processes in different industries namely general automotive industry, automotive, rubber and polymers, pharmaceuticals, food, printing, packaging, metal processing, robotic arm integrated applications, semiconductor, solar energy and several other industries in electronics and manufacturing. 

The use of high-speed camera for entertainment applications is further propelling the market growth. For example, nac Image Technology Inc., based in Tokyo, Japan, has been actively engaged in the production of high-speed imaging systems for the entertainment industry, since, its foundation, 1958. The company develops high-quality, reliable, super slow-motion camera systems. Through continuous innovation, the company is capable of building a comprehensive, unique and an innovative product portfolio highly preferred among the sports broadcasters, engineers, and technicians for capturing super slow-motion digital images. Hence, with the increasing number of sports events across the world, the market is projected to grow at a significant pace. However, with the outbreak of the global pandemic, the demand for high speed cameras have reduced with the banning of sports activities causing an impact on the sales of these devices for sports applications.

An increasing interest in choosing photography as a career among a range of individuals, particularly, the younger generation, is further contributing to enhancing the high-speed camera market growth.

high speed camera market

 

Available Products for High-Speed Photography

1. Shimadzu’s HPV-X2 high-speed video camera: The high-speed video camera is capable of capturing events that are hard to see through naked eyes. The product is a conjunction of high sensitivity and speed. Some of the applications include, nanomaterials manufacturing processes, automotive fuel injection process, and printer ink ejection process.

Important product features include: ultra-high-speed recording at 10,000,000 frames per second, high resolution recording at ultra-high speed, larger and clear photosensitivity, high-speed multi-camera synchronized recording and many more features.

2. AOS Technologies, Inc, high-speed camera includes the following products namely AOS 1 High-G High Speed Cameras, AOS 1 Non-High G High Speed Cameras, AOS 1 AIRBORNE High-Speed Cameras, and AOS 1 Long Record High Speed Cameras.

3. LaVision’s High Speed Camera Systems features include full integration and control of multiple high-speed cameras, operation of different camera models in the same multi-camera setup, hyper sampling for engine applications, lens-coupled HS-IRO intensifier for maximum light sensitivity removable camera when not required.

4. Photron high speed camera products involve the FASTCAM NOVA series combining unique CMOS image sensor technologies and comprehensive high-speed digital imaging expertise for various applications. The FASTCA SA series offer high-speed cameras for performance essential for stopping the motion of the fastest moving events via the use of ultra-high frame rates and ultra-short exposure times. The FASTCAM Mini series of high-speed cameras are designed for reliable operations under high-G loads, making them highly suitable for automotive and military applications.

5. Lambert Instruments BV offers a range of high-speed imaging products that include HiCAM, the ultra-fast gated intensified high-speed camera for low light level imaging applications. Other products include the HiCAM Fluo ultra-fast gated intensified high-speed camera for low light level imaging applications. The image intensifier is cooled for minimizing thermal noise.

The Asia Pacific is estimated to be the fastest-growing region in the global high-speed camera market. The market growth is predicted to increase in the developing economies of the region, particularly China and India, due to the growing consumer electronics industry and the growing demand for high-speed cameras for various industrial processing applications.

Industrial Tank Trucks Market: Strengthening the Backbone of Industrial Logistics

A tank truck, also referred to as tanker trucks in the United States, only tankers in the United Kingdom and gas trucks or fuel trucks in other parts of the world, is a motor vehicle which is meant to transport liquids or gases which require a controlled environment for their transportation. From large railroad tank-type vehicles, which are equipped to carry huge liquid loads, to small tank trucks for some small applications, the market has the presence of a wide range of tank trucks. Tank trucks can be insulated or non-insulated, capable of carrying a specific type of load or multiple types of loads, can be pressurized or non-pressurized. The continuous evolution of industries, which has been going on since decades, has been transforming various aspects of the sectors. From the way industry players produce or manufacture goods, to the way these goods reach customers, everything has witnessed a fairly significant degree of evolution since the beginning of this decade. Logistics is one such part of this industry which has witnessed a good degree of change. The type of vehicles which are used today for transportation of various types is different from what were used over two decades ago. Tanker trucks have also come a long way in this era of industrialization.

The demand for tank trucks is majorly being driven by rapid growth of chemical industry across the globe. Increasing demand for chemicals from sectors which are aligned to it is increasing the demand for more capital which can aid manufacturers in increasing the output. As demand for chemicals is showing a good growth, many manufacturers are pumping significant capital investments into this sector. The member countries of the European Union, for instance, can be seen maintaining a continuous flow of capital investments into the chemical industry.

This increasing capital spending across these countries is driving with it the sales of equipment which are critical to the overall productivity and profitability of a chemical manufacturing facility. Similar trend can be seen in Asia Pacific where countries like China, Japan and India among others are showing a good growth of the chemical industry. Japanese chemical Industry, for instance, is the second largest industry in the region and much of this position is attributed to the presence of some of the major market players like Mitsubishi Chemical Corporation, Sumitomo Chemical Co., Ltd, and Toray Industries, Inc. among others in this country. As these players continue to pump huge investments into capital, demand for tank trucks is also increasing, thus fuelling the market growth.

The market growth is being further fuelled by the growth of oil and gas industry in many parts of the world. Rigorous investment strategy is being adopted by many players who seek to leverage the presence of resources in many regions. The North American region, for instance, is one of the major producers of shale gas in the world with new reserves being discovered in the Arctic region. Argentina is another country with huge reserves of oil and gas. According to the US Energy Information Administration and Advanced Resources International, Argentina has the second largest shale gas resources in the world and the fourth largest shale oil resources (27 billion barrels). Since exploration activities across such sites are getting a continuous boost, the demand for machinery which can complement these activities is increase. Oil and gas, which is extracted from reserves through drilling, are transported to refining facilities for further processing. Since transporting oil and gas to every end user in every part of the world through pipeline is not cost-effective, it needs to be transported through specialized vehicles. As these products are highly inflammable, controlled environment is required in order to safely transport them. Presence of a good number of advanced tank trucks in the market, which offer high levels of reliability to customers, is increasing their adoption among them, thus propelling the market growth.

Tank trucks are popular even across the beverage industry since many beverages have the tendency to go bad if not stored in a favourable environment. Milk, for instance, is one such product which requires being stored in a specified environment in order to prevent it from going bad. Therefore, growing production of milk in many parts of the world is another major driving factor for this market. Increasing demand for milk, and availability of required resources for the production of milk, in many countries is increasing the production of milk across them. India, for instance, is a key economy which has been meeting a significant share of the global milk demand.

Increasing production of milk and other beverages, which require a controlled environment, is driving with it the demand for tank trucks among producers or manufacturers, thus contributing to the growth of tank trucks market. Geographically, the report, titled Global Tank Trucks Market, by Knowledge Sourcing Intelligence, segments the market into North America, South America, Europe, Middle East and Africa, and Asia Pacific. To give a clearer view of the market, these regional markets have been further segmented into countries which account for a considerable market share.

Wearable Sensor Market Growth – Ensuring Health & Regional Security

wearable device market

The profusion of wearable devices that necessitate real-time tracking of motion sensing activities, rising demand for wearable devices, transitioning from preventive to predictive healthcare, a proliferation of all-inclusive internet of things (IoT) and availability of high-speed connectivity are few of the factors that are core drivers of wearable sensors market. The growth is expected to be augmented by high investments in research and development that is leading to miniaturization of sensors as well as plausible elimination of high-power consumption. Another aspect that is anticipated to catapult the wearable sensors market to unprecedented heights is the growing middle-income group which is further expected to attain higher earning capacity through the means of a higher degree of education thereby resulting in a conscientious investment in healthcare and related aspects.

Total Household Spending, European Union (28 Countries)

wearable device market

Source: OECD

In millions of US$

Through constant research and development today, wearable sensors are being increasingly combined with attire and accessories whereby metabolic activities like heart rate, calorie count, blood oxygen level, and blood pressure can be satisfactorily monitored. Further, this data can also be shared with licensed healthcare practitioners or clinicians should the need arise. In view of the above, the healthcare segment is estimated to augment the growth of the wearable sensors market during the next few years. Further another sector that is expected to further push the boundaries of wearable sensors market is that of the defense and aerospace sector. With the concept of the Internet of Battlefield Things (IoBT) which was coined by U.S. Army Research Laboratory (ARL) to facilitate predictive analytics and transition the traditional command and control to a smart one, rendering battlefield services even more high-tech than it already is.

The defense sector is estimated to create ample opportunities enabling the growth of wearables sensors market

According to the Stockholm International Peace Research Institute (SIPRI), the global expenditure toward the military was estimated to be $1917 billion in 2019 the highest since 1988. Further, the global military expenditure as a share of global GDP (gross domestic product) in 2019 was 2.2% which is a minor increase from that of 2018. With the military expenditure that is to the tune of $732 billion, the USA was by far the largest spender accounting for 38 % of global military spending, an increase of 5.9% in 2019 from 2018. Followed by China which is the world’s second-largest military spender with an estimated budget allocation of $261 billion in 2019, which is equivalent to 14% of the global military expenditure. Along with the USA, Russia is increasingly invested in the modernization of its military that has required more military spending. Besides, soldiers are the most agile information gathering points on the battlefield. This creates an opportunity for military modernization to take into account of various sensors to be amalgamated with soldiers' equipment to provide the command center with information that is comprehensive and multidimensional. The first area of concern is that of the soldiers’ health which will ensure more optimized and adaptive execution in the multifaceted operational environment of the battlefield. 

Military Expenditure, in Constant Us Dollars (World Total)

wearable device market

Source: SIPRI

In billions of US$

This has necessitated investment in R&D of more ruggedized biosensors which are capable of providing real-time feedback on soldiers’ health, performance, and biothreats. In view of the above, it should be noted that Naval Air Systems Command (NAVAIR) had reportedly released a request for information regarding “physiological monitoring fabrics” for “biosensing garments suitable for Naval aviation” in December 2019. Moreover, in July 2020 it was reported that a NextFlexx consortium is working alongside U.S. Army and Air Force Research Laboratory to manufacture wearable health-monitoring devices, among others, in a potential cooperative agreement spanning over 7 years and which is to the tune of $154 million. While the aforementioned was pertaining to the health and wellbeing of the soldier another development that has recently taken place is that of a tactical nature in warfare. In July 2020, Raytheon Technologies Corporation (NYSE: UTX) had reportedly incorporated an application about military situation awareness based on a smartphone into a wearable system that has been created to aid soldiers to discern the location of hostiles sniper or fire attacks. Monikered as Boomerang Warrior-X technology, it employs a sensor that is used in the Boomerang III gunfire locator, which has been jointly developed by Defense Advanced Research Projects Agency and Raytheon BBN Technologies.

Albeit commercially available wearable devices incorporate a variety of sensors, necessitated by COVID 19, temperature sensors are anticipated to dominate this market

The onset of COVID 19 has affected many industries in an unprecedented manner. The semiconductor industry too, is one such industry that is experiencing a high degree of engagement by the traditional MedTech companies, non-industrial players as well as startups. Further with the detection of COVID 19 symptoms in the mix, temperature sensors have emerged as indispensable along with a few other complimentary wearable sensors. To this end, the most recent development is the announcement of the commercial availability of a wearable wrist tracker in July 2020 that is capable of detecting symptoms of COVID 19 at an early stage during August this year. The device is being developed by a startup that is incubated by the Indian Institute of Technology, Madras, India, which is reportedly raising a fund of Rs 22 crore. The device has heart rate, skin temperature, SpO2 (blood oxygen saturation) sensors incorporated that enables the continuously tacking these vital statistics remotely.

Further, in July 2020 an expansion of the Masimo SafetyNet™ platform was announced by Masimo (NASDAQ: MASI)with the introduction of Radius Tº™, a wearable, wireless sensor that provides continuous body temperature measurements. Masimo is a MedTech company renowned globally for developing and producing a wide selection of industry-leading monitoring technologies that includes solutions pertaining to automation, connectivity, innovative measurement, patient monitors as well as sensors. Further in July 2020, it was announced that Celsium the maker of wearable, medical-grade monitoring device intended for measuring core temperatures of the body, which essentially is a temperature sensor mounted over armpit that connects via Bluetooth to a smart monitoring platform and has been approved by the EU and US regulators as a medical device is reportedly raising capital for its expansion.

High-Speed Camera Market Growth – Enabling Research, Promoting Innovation

High-speed imaging has emerged as an essential means integral to a variety of application which is inclusive of but not limited to Automotive (airbag deployment, car crash testing); high-speed impact and material testing; machine vision technology for packing and sorting, ballistics and (nuclear) detonation and explosion; sports science. Further, high-speed imaging has been used in applications pertaining to fluid dynamics that include combustion, fluid dynamics propulsion and cavitation, shock waves, sprays and jets, turbines, and supersonic flows.

high speed camera

Moreover, the evolving applications in biomechanics, biomedicine, and microfluidics necessitate imaging systems that are capable of achieving high frame rates at a high spatial resolution at a high number of frames to resolve detail that is microscopic and at time resolution that is down to the level of microseconds. Thus, to facilitate high-speed imaging arises the demand for high-speed cameras with appropriate configurations. An industry that is expected to drive the demand for high-speed cameras among others is that of defense which according to the Stockholm International Peace Research Institute (SIPRI) witnessed a 3.6% increase in total military expenditure in 2019 from that of 2018.

Direct Budget Plan of Research, Dev, Test & Eval

high speed camera market

Source: Department of Defense, USA

In millions of US$

It accounted for $1917 billion in 2019 and represented 2.2 % of global gross domestic product (GDP), which equates to $249 per person approximately. At the forefront of military spending is the United States that accounted for 38 % of global military spending. When it comes to the territory of the military there have been breakthroughs as a consequence of certain path-breaking science and technology-related developments. The DOD also maintains that its budget allocation stems from the need to uphold its modernization priorities that have been delineated on the National Defense Strategy, issued in 2018. DOD officials also have noted the growing technological sophistication of China and Russia in certain prime areas that makes it’s a geopolitical strategic imperative for the USA to reconsider investments in R&D. Therefore, the segment pertaining to Military and Defense is expected to hold a significant share of the High-speed camera market due to research-oriented applications that are covered by a myriad of military testing. For example, the launch of a product called Phantom® VEO 1310, which was announced in February 2020 by Vision Research Inc., is reportedly enabled with 2.5X higher light sensitivity, capable of faster recording speeds, and features a new 1.2-megapixel CMOS sensor. It also comes equipped with the proprietary 2-bit CMOS sensor that is capable of achieving recording speeds over 10800 fps at full, 1.2-megapixel resolution and higher rates at reduced resolutions

Another product that was launched in August 2018, the FASTCAM NOVA, which is a versatile, high-performance high-speed camera system, that offers 12-bit image recording rates up to 12,800 frames per second (fps), which is made available at megapixel image resolution with shutter speeds that is less than 300 nanoseconds. At reduced image resolutions recording rates up to 1,000,000fps are made available. With the best quality of light sensitivity in its category, the camera is reportedly compact, rugged, lightweight among others. The other features that are standard to NOVA are internal mechanical shutter that allows remote systems calibration along with to facilitate high-speed image download and camera control. It also features memory segmentation that allows recording into one memory partition while downloading from another. It is also compatible with several industry-standard lens formats. This product is made commercially available by Photron which is globally known to manufacture a range of high-speed digital camera system that offers reliability and performance in the most challenging and research and testing application. Another product innovation that has reportedly been acknowledged due to its applicability in Ballistics, other than this of fluid dynamics, material testing, and research and testing, is that of the 60Gpixel/sec camera, Memrecam ACS-1 M60 by nac Image Technology, as announced in May 2020. It builds on the success of 40Gpixel/sec camera which was the world’s first and was introduced in late 2018. It reportedly provides one-megapixel images at an incredible 60,000 fps in high-quality mode. It is also capable of providing 100,000fps in NAC’s proprietary boost mode. It is light sensitivity is in accordance with industry-leading ISO 100,000 (Mono).  

With regards to laboratory application, San Diego based Fastec Imaging is a global name and known for providing high-speed camera systems that are uniquely portable and affordable and has a range of point-and-shoot systems, long-duration record systems, handheld, and compact PC-controlled cameras. The range of portfolio of application ion a wide range of applications that includes packaging, medical, industrial manufacturing, engineering, and academic research. The organization has reportedly launched an HS7 system that combines a high-speed camera with a dedicated controller. In this manner, the setup has been simplified that streamlines integration and optimizes workflow. It is reportedly capable of recording FHD (1080p) at 2500 frames per second, is the first product of tr family of new HS Series cameras that are expected to be released.  cameras with resolutions ranging from HD (720p) to UHD (2160p) and imaging rates exceeding 5 gigapixels/second are encompassed in the HS series. This product is reportedly suitable for technical applications the study of animal motion for neurological or robotics research, machine design and troubleshooting, Digital Image Correlation (DIC) for materials research, component testing as well as for analysis of droplets in microfluidic devices.

Another concern of safety is that of The Intelligent Transportation System (ITS) which stems from every need to ensure public safety and growing traffic congestions, development of smart cities and the all-encompassing inclusion of the internet if Things that are driving the demand for high-speed cameras. For example, as of July 2020, the Chinese ancient-walled city of Xi’an has reportedly deployed an intelligent traffic management system to help improve traffic flow and reduce journey times. The systems are poised to monitor queue length, traffic flow, as well as average driving speed from and to all directions of intersections in real-time thereby automatically adjusting signal timing to optimize vehicle flow.

Rise of E-Pharma Market

Growing adherence to an unhealthy diet coupled with the rising behavioral risks like drinking and smoking among the majority of the population in various parts of the world will lead to a further rise in disease prevalence that is poised to drive the E-Pharma market globally.

E-Pharma market

Covid-19 Impact

In recent years e-pharmacies were already gaining popularity on account of growing population resorting to online purchases, and the COVID-19 pandemic has further increased the demand for pharma through online sales channels. With the increasing number of cases globally leading to temporary lockdown in major economies has led to the growth in demand through the online distribution channel. Since social distancing is the only solution to prevent the prevalence of these diseases many offline retail stores who struggled to earn revenue during lockdown have also shifted towards online thus propelling the growth opportunities. In addition, due to government measures such as imposing lockdown or stay at home, people have started to stock up on over-the-counter medicines through online sources.  In fact, due to panic buying, many e-pharmacy companies have lifted the restriction like fairy usage policy where customers are restricted on the buying on certain commodities like sanitizers and surgical mask or gloves. Furthermore, despite the challenges such as low manpower during the lockdown phase the e-pharmacies companies are extending hard to ensure to deliver ample supply of medicines.

By drug type, over the counter (OTC) segment is expected to hold the dominant share in 2019, due to the high prevalence of chronic diseases, which is thereby leading to the rising demand for various drugs, pharmaceutical, and other healthcare industry products by consumers. In addition, an increase in initiatives by the government to attract investments is further anticipated to boost the growth of the market in the coming years. However, the presence of a large number of stringent regulations for e-pharmacies across the world is negatively impacting the growth of the market. Also, there are several numbers of illegal practices performed in developing economies of selling medicines illegally that are not approved for sale. Such risk of receiving counterfeit & contaminated medicines with wrong active ingredients from online platforms is expected to restrain the consumer from using online pharmacies.

Rising Consumption of Dietary Supplements

It has been observed that around 48.8% of the US population were found to consume dietary supplements from 2007 through 2010. In addition, forty-eight percent of men and fifty-six percent of women, without chronic diseases were found to consume multivitamin supplements on a weekly basis in the United States. According to a health survey by a US national, it was observed that over 30% of children and adolescents consumed dietary supplements without prescription (source: National Center for Biotechnology Information, U.S. National Library of Medicine). Furthermore, it was reported that the average rate of multivitamin supplement usage was around 20%–30% or more in other developed countries. In Canada, Japan, and South Korea, the rate of dietary supplement consumption was around 40.1%, 32%, and 62% respectively. This is due to the strong sales of dietary supplements especially in developed countries such as the United States with more than sixty percent of people in the United States are known to consume dietary supplements at least occasionally while more than forty percent consume on a regular basis. Hence, the consumption of dietary supplements with the change in lifestyle and dietary trends are favoring the market growth of online sales channels during the forecast period and in the coming years. Furthermore, high disposable income and the prevalence of the geriatric population are further driving the market growth during the forecast period owing to the growing trend towards healthy aging with the growing consumer spending ability on dietary supplements. Furthermore, according to the World Health Organization (WHO), 17.9 million people die each year due to cardiovascular diseases (CVDs), an estimated 31% of all deaths worldwide out of which more than 80% are caused due to heart diseases. Thus, the growing prevalence of heart diseases is one of the major driving factors for the growth of consumption of healthy supplements and thus fuelling the e-pharma market growth opportunities during the forecast period.

Growing internet penetration around the globe anticipated driving the growth of the e-pharma market over the forecast period.

According to the World Bank data, individuals using the internet as the percent of the total population in Brazil, Mexico, Philippines, and China has increased from 28.17%, 19.52%, 60.05% and 10.52% in 2006 to 67.47%, 63.85%, 60.05%, and 54.3% in 2017.

E-Pharma market

Source: The World Bank, Knowledge Sourcing Intelligence Analysis

Asia Pacific Region Holds Enormous Growth Potential for the Market

Chinese and Indian economy in the Asia Pacific has an extremely high prevalence of diabetes which is one of the major factors shaping the market for e-pharma. According to the World Bank Group, the prevalence of diabetes among individuals aged between 20 and 79 was 10.39% in 2017. This means that number of individuals hit by diabetes was around 139.12 million which was nearly 3% more than that in China in the same year. This is driving the demand for pharmaceutical drugs through an online retail business. Furthermore, the focus of governments in many parts of this country towards improving the affordability of patient care is also driving the adoption of online retailing among people, thus driving the growth of the market. In conjunction with this, high out-of-pocket expenditure in India is another major factor fuelling the growth of this market. According to the World Bank Group, out-of-pocket expenditure accounted for 67.014% of the total healthcare spending. Data from the National Sample Survey Office, Ministry of Statistics and Programme Implementation, shows that more than 35 million households in the country bore healthcare expenses which exceeded their annual per capita consumption. Around 70% of such households were in rural areas while the remaining 30% in urban areas. As these catastrophic health shocks continue, the adoption of preventive measures for various severe diseases among people is expected to continue over the projected period. 

Carbon Nanotube – Renewable Energy Sector Is Driving the Demand

carbon nanotubes market

Carbon nanotubes are a class of tiny allotropes of carbon that have sizes up to nanometers. Carbon nanotubes are widely being adopted across several industry verticals on account of their ability to offer high thermal and electrical conductivity. Carbon nanotubes are widely being adopted in the renewable energy sector.

Global Carbon Nanotube Market, Forecasts From 2019-2025, in US$ Billion

Carbon nanotube market

Source: Knowledge Sourcing Intelligence Estimates

The figure above represents the size of the global carbon nanotube market, which is evaluated at US$3.857 billion for the year 2019 and is estimated to reach US$9.689 billion by the year 2025. The market is poised to show a good throughout the course of the next five years. The major factors amplifying the demand for carbon nanotubes is the constantly growing focus of major countries of the world towards the adoption of sustainable methods of electricity generation to reduce the dependence on fossil fuels. Carbon nanotubes are used in solar PV panels as they can withstand high temperatures and poses high electrical conductivity. Also, they are used in turbine manufacturing in the anti-icing systems and further boost the performance. Thus, a significant increase in the investments renewable energy sector especially in wind and solar energy is playing a significant role in shaping up the market growth during the next five years. The market for carbon nanotubes may be restrained by the fact that their production costs are considerably higher. Also, the presence of substitutes is also inhibiting the adoption of carbon nanotubes in some industries which is thereby projected to restrain the market growth to some extent during the next five years. However, the burgeoning applications across several industries such as automotive and construction among others due to their excellent properties further widen up the opportunities for the market players over the course of the next five years.

Renewable Energy Sector Positively Impacting the Growth

The growing government focus in many countries plays a significant role in augmenting the global carbon nanotube market growth during the forecast period. Growing focus on sustainable energy generation has led to a significant increase in the adoption of renewable energy sources globally. This can be backed up by the fact that according to the data from the Organisation for Economic Co-operation and Development, the total renewable energy generation of OECD-Total, reached 539,347.818 thousand toes by the year 2017 from 424,782.129 thousand toes in the year 2010. Furthermore, the constantly growing focus on solar energy and wind energy across major countries has further led to an increase production of solar PV panels and turbines, which is further providing an impetus for the market to grow in the next five years.

Energy Generation From Renewable Energy, Thousand Toe, Oecd-Total, 2010 to 2017

carbon nanotubes market

Source: Organisation for Economic Co-operation and Development

Segment Overview:

The market has been segmented on the basis of product type, application, and geography.

The Multi-Walled-Carbon Nanotubes Are Expected to Hold a Decent Share

By product type, the global carbon nanotubemarket has been classified on the basis of single-walled carbon nanotubes and multi-walled carbon nanotubes. The multi-walled CNT segment is projected to hold a substantial share in the market. The major factor supplementing the significant share of this segment throughout the course of the forecast period includes the wide adoption across the polymers industry. Carbon nanotubes are widely used in polymers for the improvement of tensile strength. Also, the increase in the demand for engineered polymers in different industries. However, the single-walled CNT segment is expected to show a healthy growth during the forecast period. Single-walled carbon nanotubes offer high conductivity due to their nanoscale structures due to which their adoption is increasing in solar panels and displays among others.

Electronics and Batteries to Grow Substantially

By application, the market has been distributed into chemical and energy, electronics and batteries, polymers, and others. The electronics and batteries segment is poised to show a considerable growth throughout the forecast period on account of the growing adoption of carbon nanotubes due to high electrical conductivity. These are widely used in displays, semiconductor devices, sensors, and batteries among others. Thus, a significant increase in the demand for electronic products is projected to directly impact the demand for carbon nanotubes for the electronics industry, also the rising disposable income has led to an increase in the demand for various electronics products especially in the developing economies such as India and China among others. Also, the growing investments in electric vehicles is also anticipated to widen up the opportunities for the market players as the growing requirements for energy storage devices will propel the use of carbon nanotubes in the near future. However, the polymers segment is anticipated to hold a noteworthy share in the market throughout the forecast period on account of their wide application as reinforcement materials in the polymers industry. The booming polymers industry is expected to supplement the share of this segment in the coming five years.

Apac to Show Promising Growth

Geographically, the market has been distributed as North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American region is projected to hold a healthy market share. The presence of a world-class infrastructure across the industry verticals and the presence of well-established industries in countries like the United States and Canada are some of the major factors bolstering the share of the market in the North American region during the next five years. Also, the constant focus towards sustainable energy generation plays a significant role in shaping up the growth in North America during the next five years. Several initiatives by the governments across these countries to promote renewable energy led to the early adoption of renewable energy across these countries is further supporting market growth throughout the forecast period.

Furthermore, the APAC region is projected to show a healthy growth in the next five years. The presence of a well-established electronic manufacturing base in major countries such as India, China, and Vietnam. The growth of these industries in the APAC region is further bolstering the market growth in the Asia Pacific region during the next five years.

Inductor Market – A Brief Overview

An inductor is also known as a coil, choke, or reactor that is a passive two-terminal electrical component. It stores energy in a magnetic field when an electric current passes through it. The use of inductors for varied end-use industrial applications holds importance in driving the market growth.

Inductors deal with current and voltage where it is used for measuring change in current on the basis of voltage applied to it. The current increases when the voltage is laid across the inductor. Inductors react in a different manner to the alternating and direct current, AC and DC.

Inductors are used in different applications ranging from electronics to broad application areas that include noise elimination, voltage stabilization, power electronic equipments and automobile operations among others. According to the need of a specific industry vertical, inductors are available in different sizes and ratings. Also, they are of different types including coupled inductors, multi-layer inductors, molded inductors, power inductors, ceramic core inductors, and chokes. Different applications include their use in tuning circuits, utilization as sensors, inductors are utilized for energy storage in a device, they are utilized in induction motors, used as transformers, utilized as filters, and are also used as ferrite beads. The growing adoption of mobile devices round the world are contributing to surging the inductor market growth. This is mainly due to the fact that inductors in the form of ferrite beads are used in the most popular electronic devices such as laptops, mobile phones, TV tuners, and gaming systems. These are used for minimizing interference and ensuring signal integrity.

inductor market

There has been a surge in the adoption of mobile devices by the individuals of every age group in order to carry their day-to-day activities. An increasing shift from the basic desktop computers to mobile phones and other portable devices is increasing with time, further providing an impetus in fueling the market growth. Also, the amount spent on mobile internet has increased significantly, this is further attributed to the increasing penetration of mobile devices. The rapidly growing trend is observed among the emerging economies of the world such as China, where with the growing consumer electronics industry, the mobile market has also gone upwards. The rapidly growing AI powered mobile apps that include speech and image recognition, and semantic analysis features are further propelling the market growth along with the growing mobile phone market in the country. However, the onset of the global pandemic has impacted the production of mobile phones and other mobile devices, further putting a strong impact on the market growth amid COVID-19.

Furthermore, with the use of inductors in medical devices, the market is further poised to strengthen with the growing global medical device industry. As per the ITA, U.S. Department of Commerce, the United States is the largest medical device industry worldwide that accounts for holding around 40% in the global total in 2017. It is further predicted by the organization that by the end of 2023, the market is projected to increase to achieve USD208 billion from USD156 billion in 2017.

inductor market

Source: The International Trade Administration (ITA), Medical Device Market in the United States, in USD Billion

The medical device industry is dependent on the other industries where the country holds a competitive advantage. These comprise microelectronics, telecommunications, instrumentations, and software development. Significant collaborations resulting in recent technological innovations have further bolstered the medical device market growth, further strengthening the inductor market growth in the United States along with the other regions of the world. Additionally, with the growing geriatric population along with the growing number of chronic diseases, the demand for effective medical devices will continue to soar, further putting a positive impact on the market growth as well.

Product launches by the companies indicating innovations taking place at a significant pace are further contributing to propelling the market growth. In 2019, KEMET Corporation announced the launch of a novel range of SMD metal composite power inductors. The devices in the new product line are capable of developing more efficient DC to DC switching power supplies and other applications related to power that include EMI filtering.

In 2019, TDK Corporation announced the expansion of its line-up of metal core power inductors with the launch of novel SPM-VT series. These are designed specifically for meeting high thermal and current demand of automotive LED headlights. The product features include a wide operating temperature range between -55°C to +155 °C. The current ranges from 4.7 A to 36.6 A. The new components are currently available in three sizes. The inductance range is between 1 µH to 47 µH. The mass production is projected to start from September 2019.

In 2020, Coilcraft Inc. announced the launch of the three power inductors used for automotive and other harsh-environment applications. The high-performance molded power inductors provide operating voltage ratings of 120 volts, that is 50% higher in comparison to standards versions. These also offer low DC resistance and low AC losses for power converter efficiency at high ripple current and high frequencies. The inductors feature a rugged and composite construction that offer magnetic shielding and minimize audible buzzing. XEL401xV series are available in six inductance values ranging from 92 nanohenries to 780 nanohenries, with current rating to 24 A. XEL4020V series are available in 10 values ranging from 0.08 microhenries to 2.2 microhenries. The current ratings to 33.2 A. On the other hand, XEL4030V series are available in 13 values ranging from 0.10 microhenries to 6.8 microhenries, with current ratings to 30 A.

Furthermore, inductors are used for various mission critical defense and aerospace applications. The AE425P JB series of low-profile inductors from the Coilcraft-CPS company is made in accordance with the NASA low outgassing specifications. The power inductors are 1.8 mm high with a footprint of 3.9 mm2. The suspended core construction allows to pass vibration testing and shock testing to 80G and 1000 G. This feature has made it an ideal solution for a variety of mission critical applications in military and aerospace sectors. The use of high temperature materials has allowed the operation to be carried out in ambient temperatures up to 155 °C. For best possible board adhesion, the power inductor features tin-lead termination. 

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 https://www.knowledge-sourcing.com.