Trending Now

GT Podcast – Episode 129 – The Port Authority of NY…

New Articles

Innovation Takes Center-Stage as the Electronics Sector Witnesses Proliferating Demand for Molded Pulp Packaging 

global Integrated Passive Devices pulp demand power manufacturing electronics
Archives, Global Trade Daily, Technology

Innovation Takes Center-Stage as the Electronics Sector Witnesses Proliferating Demand for Molded Pulp Packaging 

Leave a comment

In light of these trends, Global Market Insights Inc., states that the global molded pulp packaging market may to amass $7.3 billion in annual revenue by 2032. 

In an era defined by sustainability, the demand for renewable, clean, recyclable, and biodegradable products has increased across several sectors, most notably the packaging industry. In effect, plastic packaging, which has formed the crux of this sector for a remarkably long time, is now undergoing significant changes with respect to design, manufacturing, and deployment. To that end, the molded pulp packaging market is garnering increasing attention lately, mainly due to its environmentally friendly benefits.

Molded pulp has emerged as a strong sustainable packaging contender. This kind of packaging is designed with round corners and complex three-dimensional shapes for securely protecting the end products. It is produced from fibrous materials, comprising recycled paper, and cardboard among other natural fibers, and is recycled again following its useful life cycle. 

The rapid strides in the food industry are paving the way for sustainable packaging as companies strive to ensure the safe handling and distribution of processed and fresh food products through diverse supply chains. This has led to rising exploration and advancements in the molded pulp packaging market. Lately, the increased intake of eggs from chicken, duck, goose, and quail has pushed the volume of egg transportation, driving the need for egg-shaped curved structures. Consequently, molded pulp egg trays and cartons are gaining traction, driven by benefits such as better ventilation, freshness, preservation, and cushioning. 

The molded pulp packaging industry is extensively supported by the growing number of initiatives actively undertaken by several leading manufacturers to meet the growing industrial requirements. The product is made from paper-based mono-materials and is part of the firm’s swiftly expanding portfolio of Better Planet Packaging that renders sustainable alternatives to the present-day single-use plastic solutions.

Mold pulp clamshells to record significant packaging uses across multitude of industries

The collective inclination toward enclosed retail packaging containers is increasing the demand for molded pulp clamshells for packaging products, like eggs, electronics and appliances, and industrial parts. Clamshells not only offer a sturdy covering to encapsulate products, comprising beverage bottles and medical supplies & components, but also eliminate the need for extra assembly using tape and lids.

In a bid to effectively hold food items for both takeout and point-of-service uses, molded pulp packages are reinforced with the ability to resist water and oil penetration. Rapid advancements in the food service industry have thus led to a rise in the demand for pulp-based thermoformed clamshells, favoring the molded pulp packaging industry expansion.

Lately, OEM molded paper pulp clamshell is increasingly deployed for the packaging of tube jars. The rising number of research activities is also paving way for innovations in these packaging solutions. 

Electronics sector to emerge as a prominent revenue hub for the molded pulp packaging industry

Considering the increasing call for eco-protection, leading contenders in the electronics sector are placing their bets on sustainable packaging solutions made from natural resources like recycled paper, as a go-to option for the shipping of goods and fragile gadgets. Lately, compostable pulp has also surged in popularity to cater to more environmentally friendly packaging needs. 

Custom molded pulp packaging is not only robust but also prevents damages caused by static or dust abrasion, in turn becoming a strong contender for shipping electronics. These solutions are hence used for various fast-moving and consumer durable goods to offer protection and eliminate the chances of commodity breakage from storage to transportation. Pulp molded cushioning, owing to its good plasticity and buffering, is also witnessing soaring demand as edge protectors and pallets in handling and shipping applications for most electric appliances. 

Molded pulp packaging market – The Road Ahead

In the forthcoming years, molded paper pulp is likely to remain at the forefront of the packaging sector. The requirement for this product is increasing across varied segments, as innovative as nutrition pots and flower containers, given that it offers the benefit of self-degradation. Rising technological advancements and the influx of various painting techniques have made way for more sophisticated packaging that has smoother surfaces to impart stylish apparency. 

For instance, in October 2020, HP introduced a new 3D printing-related tooling technique for molded pulp for both molded fiber packaging manufacturers and their customers. As the need for visual appeal gains more importance than ever, several global consumer brands, like Apple and PUMA, are also expected to come up with distinctive and elegant retail packaging with molded pulp.

 

automotive fuel cell
Archives, Global Trade Daily, Market insight, Technology

Automotive Fuel Cell Systems Market To Accumulate US$ 65 Billion By 2033

Leave a comment

As per Fact.MR, a provider of market research and competitive intelligence, the global automotive fuel cell systems market is expected to garner US$ 65 billion by 2033, skyrocketing at 41.6% CAGR from 2023 to 2033.

Fuel cell vehicles use hydrogen fuel to propel themselves. This fuel is stored in high-pressure tanks before being delivered into a fuel cell stack, where hydrogen and oxygen, both naturally present in the air, react to produce electricity.

Government assistance to promote zero-emission vehicles and rapidly growing consumer awareness are the main factors boosting the expansion of the global automotive fuel cell systems market. Furthermore, stringent emission standards and the advancement of fuel cell technology are propelling the market growth.

Fuel cell-powered vehicles have a longer driving range, quieter operation, and faster refilling technology than competitors, making them perfect for transportation. Moreover, this fuel can be utilized in a variety of transportation applications, including LCVs (light commercial vehicles), HCVs (heavy commercial vehicles), trains, buses, and defense vehicles.

Asia Pacific is leading the global market due to supportive government FCEV (fuel cell electric vehicle) deployment targets and increased hydrogen-fueled infrastructure investments. Furthermore, the existence of numerous large-scale fuel-cell passenger car manufacturers in the region is projected to bolster regional market growth.

Key Takeaways from Market Study

  • The global automotive fuel cell systems market amounted to US$ 2 billion in 2023.
  • Worldwide demand for automotive fuel cell systems is projected to surge at a CAGR of 41.6% during the forecast period (2023 to 2033).
  • The global market is estimated to touch US$ 65 billion by 2033.
  • Asia Pacific accounted for 65% share of the global market in 2022.
  • Passenger cars captured 84.3% share of the worldwide market in 2022.

“Soaring demand for zero-emission vehicles and significant government support are primary aspects driving the global market for automotive fuel cell systems. Moreover, rising gasoline prices globally are increasing the demand for fuel-cell-powered vehicles,” says a Fact.MR analyst.

Winning Strategy

Major car manufacturers are focusing on collaborations to introduce new vehicles and expand their presence in the worldwide market.

  • For example, Toyota launched hydrogen fuel-cell trucks in conjunction with Isuzu and Hino Motors in June 2022. These trucks can drive great distances to perform multiple delivery tasks in a single day.
EV emission silicone
Archives, Global Trade Daily, Market insight, Technology

Increased Adoption of Electric Vehicles to Surge the Demand for Liquid Silicone Rubber

Leave a comment

The liquid silicone rubber market is anticipated to register a CAGR of 3.9% during the forecast period. The market is expected to hold a valuation of US$ 6.9 billion in 2023. By 2033, the value is expected to cross US$ 10.1 billion.

Surging application in the construction and automotive industry.

The ability to withstand extremely high and low temperatures makes it highly flexible for many applications.

Enduring long-term exposure to UV rays, thereby providing resistance from weathering.

Expansion of production capacity at both local and global levels is one of the key industry trends currently being observed. In addition to this, key players aim to launch new & advanced products to expand their product portfolio.

Medical manufacturers are currently having a massive demand for liquid silicone rubber. This can be attributed to its ability to function efficiently at extreme temperatures and display chemical resistance. As per the sources, the liquid silicone rubber is capable of meeting FDA, ISO, and Class VI medical-compliant grades, which makes it reliable. Within the medical sector, it is used in general surgery, cardiology, neurosurgery, ENT, etc.

Why is the USA liquid silicone rubber market registering robust growth?

Rising number of body implantation surgeries to elevate the sales of liquid silicone

FMI states that the USA is anticipated to remain a lucrative liquid silicone rubber market in North America.

A substantial rise in the number of body implantation surgical procedures has been witnessed owing to the growing emphasis on enhancing body aesthetics across the country. According to a report by the American Society of Plastic Surgeons, nearly 193,073 breast augmentation and 1,179 buttock implantation surgeries were conducted across the USA in 2022.

As liquid silicone is used in the production of body implants due to its high biocompatibility, the rise in implantation surgeries is estimated to bolster the growth in the USA market. An increase in the sales of liquid silicone rubber in the USA assisted North America, accounting for nearly 25% of the revenue share in 2022.

The United Kingdom: Driven by the automotive market

Growing applications in the automotive industry to fuel the demand for liquid silicone rubber

The United Kingdom is home to a few famous automotive manufacturers. Liquid silicone rubber is finding applications in the automotive industry owing to its high thermal stability, superior compression set, and excellent chemical resistance. It is increasingly being used in sensor cover assembly, sealing covers, vehicle interiors, and others during the production of automotive vehicles.

Increasing production and sales of automobiles in the United Kingdom is anticipated to create strong demand for LSR in the forthcoming years.

What are the factors augmenting the sales of liquid silicone rubber in China market?

Growing popularity in the consumer electronics industry to bolster the liquid silicone rubber sales

China had a dominant market share of more than 34.9% in the Asia Pacific excluding the Japan region in 2022.

Liquid silicone rubber has become one of the prime manufacturing materials owing to its chemical inertness, electrical resistance, and ability to withstand extreme temperatures. It is extensively gaining popularity across the consumer electronics industry for manufacturing the components such as remote buttons, phone covers, wristbands, smartwatch belts, and others. Hence, the growing penetration of innovative devices, such as wearable technologies, across the country is estimated to favor the growth of the liquid silicone rubber market in China.

Japan market: Backed by the surging sales of electronic vehicles

The electric vehicle market in Japan is expected to witness a massive CAGR of nearly 23% during the forecast period. The market is projected to reach US$ 5.67 billion in 2023. The manufacturing of electric vehicles involves extensive usage of liquid silicone rubber. The seat covers, coatings, spark plug wires, and a lot of other components are manufactured by the application of liquid silicone rubber.

The construction sector in Japan has always displayed positive sentiments. Being prone to a number of natural disasters, the nation’s construction sector has always been creating innovative alternatives. Liquid silicone rubber is used in sealants and adhesives, which are very crucial for all kinds of buildings.

India: Home to a mammoth consumer electronics market

India is one of the largest buyers of consumer electronics. As of 2021, the valuation of the Indian consumer electronics market stood at US$ 75 billion. During the pandemic, the sales were even significant due to the imposition of the lockdown. The massive demand for consumer electronics might boost the sales of liquid silicone rubber. These are mainly used as Integrated Circuits for miniaturizing the size of the device and improving the speed as well.

Apart from that, there are a number of overseas electronics companies which are investing huge funds in India. This creates massive opportunities for the Indian liquid silicone rubber market.

test equiptment market
Archives, Global Trade Daily, Technology

In the United States, The Need for Automated Test Equipment is Propelling the Growth of Rising Sales of Electric Vehicles and Connected Devices

Leave a comment

The automated test equipment market is anticipated to thrive at a CAGR of 9.8% between 2023 and 2033. The market is anticipated to cross a market share of US$ 23.76 billion by 2033 while it is valued at US$ 9.33 billion in 2023.

The growing manufacturing and corporate spaces adopting ioT systems are thriving the demand for automated test equipment. The demand for cost and time-reducing elements in the market is expected to play a vital role in the growth of the automated test equipment market.

Advanced machinery that works on high-speed networks and is autonomous is also adopting faster testing measures such as automated test equipment. The growth is attributed to the expanding component markets like cloud computing, AI, and machine learning

The growth of new connected devices along with higher penetration of 5G networks are fueling people to adopt IoT services. Hence, it fuels the demand for automated test equipment.

Advanced device manufacturing units functioning with high-end research have flourished in the automated test equipment market.

Lower cost and time-saving prospects delivered by these ATE units are helping the manufacturing units.

Expanding automotive industry fuels the demand for vehicle testing systems that automate machinery systems. The growth of healthcare wearables has also fueled the demand for ATE units as it freshly trends in the market.

Key Points

  • The United States market is attributed to the flourishing industrial growth along with the rapid digitization and addition of IoT devices in the manufacturing hubs. The extended research and development programs have also fueled the growth of the regional market.
  • China automated test equipment market is also a crucial market. The regional growth is attributed to the higher sales of connected devices across the verticals such as healthcare, automotive, and education.
  • Europe with hyper-digitized cities is adopting IoT and implementing it in almost every sector that fuels the demand for automated test equipment for better deployment.
  • The linear and discrete segment is likely to thrive in the type of category due to faster and better testing. It is expected to hold a value of US$ 2.5 billion by 2032.
  • The ICT industry segment tops the application category it holds a 25% share of the global market in 2023. The growth of this is fueled by the extra consumption and higher penetration of computing devices.

Competitive Landscape

The key competitors focus on building reliable, faster, cost-reducing technology for the end-users. Key competitors also merge, acquire, and collaborate with other companies to increase the network range, connectivity, supply chain, and distribution channel. The key players in the market are: Teradyne, National Instruments, Chroma ATE, Astronics Corporation, Star Technologies, Roos Instruments, Marvin Test Solutions, Cohu, Advantest Corporation, and OMRON Corporation.

Recent Market Developments

  • Advantest Corporation has added a new E5620 DR-SEM for the review and classification of ultra-small photomask defects. The product comes with high accuracy, high-throughput defect sensing, etc.
  • OMRON Corporation has introduced its IC test system and handler, semiconductor wafer test system, and general and in-circuit tester.
materials amplifiers chips dutch
Archives, Global Trade Daily, Technology

Applied Materials’ Innovative Pattern-Shaping Technology Reduces the Cost, Complexity and Environmental Impact of Advanced Chip Manufacturing

Leave a comment

Applied Materials, Inc. today unveiled a breakthrough in patterning technology that allows chipmakers to create high-performance transistors and interconnect wiring with fewer EUV lithography steps, thereby lowering the cost, complexity and environmental impact of advanced chipmaking.

Customers increasingly use EUV double patterning to print chip features smaller than the resolution limits of EUV to optimize chip area and cost. Using EUV double patterning, chipmakers split a high-density pattern in half and produce two masks that adhere to the resolution limits of EUV. Both halves of the pattern are combined on intermediate patterning films and then etched into the wafer. While double patterning is effective at increasing feature density, it adds design and patterning complexity along with process steps that consume time, energy, materials and water – and increase the cost of wafer fabs and wafer production.

Introducing the Applied Materials Centura® Sculpta® Patterning System

To help chipmakers continue shrinking designs without the added cost, complexity, and energy and materials consumption of EUV double patterning, Applied Materials worked closely with leading customers to develop the Centura Sculpta patterning system. Chipmakers can now print a single EUV pattern and then use the Sculpta system to elongate the shapes in any chosen direction to reduce the space between features and increase pattern density. Because the final pattern is created from a single mask, design cost and complexity are reduced, and the yield risk from double-patterning alignment errors is eliminated.

EUV double patterning requires a number of added manufacturing process steps that generally include CVD patterning film deposition, CMP cleaning, photoresist deposition and removal, EUV lithography, eBeam metrology, patterning film etching and wafer cleaning. For each EUV double patterning sequence it replaces, the Sculpta system can provide chipmakers with:

  • Capital cost savings of approximately $250 million per 100K wafer starts per month of production capacity
  • Manufacturing cost savings of approximately $50 per wafer
  • Energy savings of more than 15 kwh per wafer
  • Direct greenhouse gas emissions reduction of more than 0.35 kg of CO2 equivalent per wafer
  • Water savings of approximately 15 liters per wafer

The Sculpta system is receiving high interest from leading chipmakers and has been selected as a production tool of record for multiple steps in high-volume logic manufacturing.

Additional information about Applied’s Sculpta system will be discussed at the company’s “New Ways to Shrink: Advanced Patterning Products Launch” event being held today.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future.

market processor iot device
Archives, Global Trade Daily, Technology

The Enterprise IoT Market has been Anticipated to Rise at a CAGR of 13% from 2023 to 2033, Surpassing US$ 2,021.19 billion by 2033

Leave a comment

The enterprise IoT market is anticipated to rise at a CAGR of 13% from 2023 to 2033, surpassing US$ 2021.19 billion by 2033. The market is anticipated to be worth US$ 595.42 billion in 2023.

The enterprise IoT market is driven by several factors such as the increasing adoption of IoT in various industries to improve operational efficiency and reduce costs. The increasing adoption of cloud-based IoT platforms is also expected to drive market growth.

In addition, the growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market. The increasing adoption of enterprise IoT in smart cities and smart homes, as well as IoT-enabled automation in various industries such as manufacturing and transportation, is also expected to drive market growth.

Another key driver of the enterprise IoT market is the increasing focus on digital transformation across various industries. With the rise of big data and analytics, organizations are looking to leverage IoT technology to gain valuable insights and make data-driven decisions. This is leading to increasing demand for enterprise IoT solutions in various industries such as healthcare, transportation, and manufacturing. Additionally, the growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market.

The increasing adoption of enterprise IoT in emerging technologies such as AI, ML, and big data is also expected to drive market growth during the forecast period. These technologies enable organizations to analyze large amounts of data generated by IoT devices and make data-driven decisions.

The growing demand for enterprise IoT in various industries such as agriculture and energy management is also expected to drive market growth. Government initiatives and regulations to promote the use of energy-efficient equipment are also anticipated to boost the adoption of IoT during the forecast period. These factors are making enterprise IoT an attractive investment opportunity for companies looking to tap into the growing market.

Key Takeaways:

  • The hardware sector accounted for more than 45% of total revenue in 2022 and is expected to dominate the market over the projected period.
  • During the projected period, the software and solutions category is predicted to grow at the quickest rate, with a CAGR of 15%.
  • The small and medium-sized firm category held the biggest share of 68% in 2022 and is expected to lead the market from 2023 to 2033.
  • Manufacturing held the greatest market share of 26% in 2022.
  • The enterprise IoT industry in the United States is expected to grow at a CAGR of more than 15% between 2023 and 2033.
  • The enterprise IoT industry in the United Kingdom is predicted to grow at a CAGR of 12% between 2023 and 2033.
  • The enterprise IoT industry in Japan is expected to grow at a CAGR of more than 14.5% between 2023 and 2033.
  • The enterprise IoT industry in China is expected to grow at a CAGR of more than 16% between 2023 and 2033.

Competitive Landscape

The enterprise IoT market is highly competitive, with a few major players holding a significant market share. Leading companies in the market are increasingly implementing growth strategies such as collaborations, partnerships, and product development & launches to maintain their market position. The market has a high entry barrier, making it difficult for small and medium players to enter. Technological advancements play a major role in driving the market, creating a differentiating factor between new entrants and established players.

  • In October 2021, Cisco Systems, Inc. introduced its first global work index, which utilizes AI and mobile technology and operates on a hybrid model.
  • Siemens AG and PTC Inc. have developed IoT solutions for use in industrial contexts such as manufacturing and transportation.
  • Cisco Systems, Inc. and Bosch have created security solutions for protecting IoT devices and networks from cyber-attacks.
Electronic Thermal Management Materials
Archives, Global Trade Daily, Technology

Electronic Thermal Management Materials Market size to Surpass $8.7 Bn by 2026

Leave a comment

As per the latest research conducted by Global Market Insights Inc., the Electronic Thermal Management Materials Market revenue is anticipated to cross USD 8.7 billion until 2026

With the growing need for special solutions to remove excess heat in miniaturized electronic devices, the deployment of electronic thermal management materials has been gaining momentum worldwide. The burgeoning trend of miniaturization and the rapidly increasing power ratings of electronic modules have led to high heat flux, thus requiring complex thermal management techniques.

These increased products sales during the pandemic are asserting a positive influence on electronic thermal management materials market development in recent years.

The rising awareness about the reliability of thermal management materials is making them a sought-after solution for implementation in myriad industry verticals, including automotive and healthcare. Listed below are 4 factors spurring the electronic thermal management materials business for industrial applications:

  • Need for temperature monitoring of EV batteries

In the electric vehicle industry, thermal management of the EV battery and systems is one of the major concerns. To solve a range of challenging management problems and allow the battery to operate efficiently and safely, the adoption of battery thermal management systems for electric vehicles has been a key focus of vehicle makers. 

Over the years, more and more auto companies have been emphasizing the expansion of their EV fleet. Ford, for example, unveiled plans to boost the production capacity of EVs to 600,000 units by 2023 globally. This, in turn, could fuel the demand for temperature monitoring systems designed for EV batteries, to increase the reliability, range, and robustness of the vehicles.

  • Mandatory thermal management requirements of space vehicles

Space is considered one of the central technological platforms, with advanced electronics being a fundamental element in the aerospace sector. Over recent years, various aerospace companies have been increasingly developing orbital launch vehicles. 

Citing an instance, in September 2020, Isar Aerospace commenced the production of launch vehicles in its promising segment of medium- and small-sized satellites and satellite constellation. Factors like these are augmenting the growth of the electronic thermal management materials market, as the precise thermal management of electronic devices used in space vehicles is mandatory for their efficient functioning. 

  • Demand for semiconductor technology with improved thermal performance

Over the years, government departments have been making significant investments to advance 5G wireless networking. In August 2021, the U.S. Department of Energy, for example, unveiled plans to invest $6 million in 5 research and development projects to boost 5G wireless networking for various science applications like environment and climate data gathering. 

Despite the accelerating deployment of 5G networks, there are multiple challenges associated with thermal management materials. This factor could influence telecom service providers to adopt wide-bandgap semiconductors such as gallium nitride with improved thermal performance, contributing to electronics thermal management materials market expansion from telecom applications.

  • Importance of thermal management of medical devices

To boost domestic production and create a pipeline of innovative medical devices, several medical research bodies are undertaking strategic measures in emerging nations like India. For example, in November 2021, the ICMR (Indian Council of Medical Research) partnered with the IITs to develop centers of excellence. This initiative was aimed at amplifying the strategic Make in India product commercialization and development in the diagnostics and medical device sectors.

Since efficient thermal management is crucial for the reliability and performance of medical equipment, escalating product launch initiatives like these could support the growth of manufacturers of thermal management materials for medical electronics.

 

vector artificial intelligence robotics market refurbished AI
Archives, Global Logistics, Global Trade Daily, Technology

Packaging Robots Market will Manage to Achieve USD 8.39 Billion by 2030

Leave a comment

The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the packaging robots market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the packaging robots market are present across various countries in the above-mentioned regions.

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as type, application, end-user, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
The significant players operating in the global packaging robots market are Yaskawa Electric Corporation, Krones AG, ABB, Kuka AG, Mitsubishi Electric Corporation, Brenton, LLC, Schneider Electric SE, Remtec Automation, LLC, Syntegon Technology GmbH, Fanuc Corporation among others. To achieve a substantial market share in the worldwide packaging robots market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Products are packaged to keep them safe. Various end-user industries are now-a-days shifting towards fully automated technologies such as packaging robots. The purpose of packaging robots is to pick objects up from various storage locations and place them on shelves following a pre-defined route. Robotic arms are normally programmed to move along predefined routes to pick up objects. Using Packaging Robots, labor-intensive tasks can be done faster, and more effectively. Their ease of use comes from their integrated controls and intuitive human-machine interfaces with advanced sensors and software. Packaging robots have the advantage of being flexible, consistent and accurate. The global packaging robots market is predicted to grow positively because of the need for automatic detection and sorting, a key factor identified in a research analysis. With the help of advanced sensors, vision technology, and laser detection, packaging robots determine the location of objects. There are some factors which are hampering the growth of the packaging robots market such as high installation cost and lack of skilled labour. A significant capital investment is required when installing an automated packaging system in new packaging lines or existing lines.  Due to the high capital investment required to install and maintain packaging robots, small and medium sized manufacturers are reluctant to install them.

Scope of Packaging Robots Market Report:

Report Metric Information
Study Period 2022-2030
Base Year              2022
Forecast Period 2023-2030
Market Share Unit USD Billion
Segments Covered Type, Application, End-User, and Regions.
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players Yaskawa Electric Corporation, Krones AG, ABB, Kuka AG, Mitsubishi Electric Corporation, Brenton, LLC, Schneider Electric SE, Remtec Automation, LLC, Syntegon Technology GmbH, Fanuc Corporation among others

Segmentation Analysis

Primary packaging is expected to be the fastest-growing segment in 2022. 

The type segment includes primary packaging and secondary packaging.  The primary packaging segment is expected to witness the highest growth rate during the forecast period. Food and beverage and pharmaceutical industries use primary packaging to manufacture and package sensitive and delicate products. Primary packaging maintains the shelf life of products. The implementation of robots in primary packaging of medicines and liquid syrups provides high precision to maintain quantity and quality.

Pick & place is expected to be the fastest-growing segment in 2022. 

The application segment includes filling, case packing, pick & place, tray packing and others. The pick & place segment is expected to witness the highest growth rate during the forecast period.  The CAGR for pick & place applications is predicted to be the fastest over the forecast period because of the rapid growth of e-commerce and the use of packaging robots as a substitute for manual picking. Packaging robots will also boost market share because of their advantages like reduced damage, and increased efficiency in pick & place operations.

Food & beverage is expected to be the fastest-growing segment in 2022. 

The end-user segment includes logistics, consumer products, food & beverage, pharmaceutical and others. The food & beverage segment is expected to witness the highest growth rate during the forecast period. By automating the packaging operations using packaging robots, assembly line operations are made more efficient, reliable, and high-quality, which drives the adoption of vision-enabled packaging robots. Packaging robots offer proper handling of the product by reducing the chances of spillage in case of liquid of semi-solid products.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the packaging robots market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The Asia Pacific region witnessed a major share. There are several factors contributing to the dominant position of packaging robots in Asia Pacific at present, including the increasing use of packaging robots resulting from high levels of automation and intelligent modernization, and the adoption of vision sensor technology. Moreover, presence of major key players in the region, also contributing a large share in the market growth.

Country Analysis

  • Germany

Germany’s packaging robots market size was valued at USD 0.29 billion in 2022 and is expected to reach USD 0.59 billion by 2030, at a CAGR of 9.4% from 2023 to 2030.
Firms are expected to increase their demand for industrial packaging robots as they place a greater emphasis on precision in supply chains. Additionally, autonomous robots will be able to generate an upward growth trend in the country as automation levels grow across a range of end-use industries.

  • China

China’s packaging robots market size was valued at USD 0.41 billion in 2022 and is expected to reach USD 0.86 billion by 2030, at a CAGR of 9.8% from 2023 to 2030.
Packaging robot market growth is attributed to factors such as the need to reduce operational costs in the packaging industry, as well as advancements in manufacturing technology resulting from high consumer demand.

  • India

India’s packaging robots market size was valued at USD 0.32 billion in 2022 and is expected to reach USD 0.67 billion by 2030, at a CAGR of 9.7% from 2023 to 2030.
There are several factors driving the market growth, including an increased demand for high degree automation and modernization, rapid industrialization, technological advancements such as the usage of vision sensor technology.

Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the increase due to the rising technological advancements.

eSim subscription
Archives, Global Trade Daily, Technology

eSIM Subscription Market to Open up New Avenues for Telecom Sector Business

Leave a comment

The worldwide eSIM subscription market net value is forecast to reach over US$ 980 Mn in 2023, with a substantial CAGR of 30% expected from 2023 to 2033. According to the eSIM subscription industry analysis, the market’s entire worth would rise to US$ 13,510 Mn by 2032.

The rising use of eSIM subscriptions in consumer electronic items is being pushed by benefits such as greater connectivity, reliability, and security. The consumer electronics industry remains a crucial component affecting the development, advancement, and revolution of a number of technological services, including eSIM subscriptions.

Again, because features like eSIM 4G and 5G services make switching mobile phone network carriers easier, it would encourage more physical SIM card network providers to embrace and compete in the eSIM subscription market.

The growing trend among smartphone manufacturers to include an eSIM within the device is expected to enhance demand for eSIM subscriptions and the hardware category. Furthermore, eSIM enables the administration of M2M devices, many of which are completely remote and located, and it is expected that it will effectively have the largest market share throughout the projection period. The usage of M2M and IoT technologies in the automotive industry is also expected to raise demand for eSIM subscriptions. The GSMA Embedded SIM Specification, which will improve vehicle connectivity and pave the way for a new generation of connected cars, has just received support from the automotive industry, and it is expected to increase demand for eSIM subscriptions from a variety of connected services, allowing the industry to grow.

Key Takeaways

  • Due to its achievements in commercial eSIM deals as well as IoT eSIM, Giesecke + Devrient Mobile Security GmbH is the rightful leader in the eSIM subscription industry.
  • Thales is a close second on the list, with high marks for its operating system and interoperability, eventually topping the list of eSIM phones.
  • With a larger consumer base of smartphone users, Asia Pacific nations are the fastest-growing economies in terms of eSIM subscription acceptance.

Competitive Landscape

Some of the prominent companies in the worldwide eSIM subscription market include Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics, Deutsche Telekom AG, Giesecke + Devrient Mobile Security GmbH, Gemalto NV, and ARM Holdings.

According to the eSim subscription market research, G+D leads the market and has supplied subscriptions for the greatest number of digital SIM card-capable devices, including cellphones, wearables, iPads, and iPhone dual SIM devices.

Recent Developments in the eSIM Subscription Business

In the previous year, Kigen released the first EAL5+-approved iSIM hardware to the market in conjunction with Sequans. Kigen has built several strong and reliable alliances that cover the whole value chain, allowing it to penetrate the market and operate at scale.

In September 2021, Deutsche Telekom AG, in collaboration with Bayerische Motoren Werke AG, unveiled the first version of in-car 5G and personal eSIM networking capabilities. Vehicle communication with the customer’s cell device may now be linked through 5G utilizing a personal eSIM offered by Deutsche Telekom AG.

Spark Plug Price in U.S. Drops 32% to $0.5 per unit
Archives, Global Trade Daily, Market insight

Spark Plug Price in U.S. Drops 32% to $0.5 per unit

Leave a comment

U.S. Spark Plug Import Price August 2022

In August 2022, the average spark plug price amounted to $0.5 per unit, with a decrease of -32.3% against the previous month. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 57% month-to-month. As a result, import price attained the peak level of $0.7 per unit, and then fell significantly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2.1 per unit), while the price for the Czech Republic (less than $0.1 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Spark Plug Imports

In August 2022, approximately 102M units of sparking plugs were imported into the United States; with an increase of 38% on the previous month. In general, total imports indicated a remarkable increase from January 2022 to August 2022: its volume increased at an average monthly rate of +5.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -22.4% against April 2022 indices. The growth pace was the most rapid in February 2022 with an increase of 54% m-o-m. Over the period under review, imports hit record highs at 131M units in April 2022; however, from May 2022 to August 2022, imports remained at a lower figure.

In value terms, spark plug imports dropped to $46M (IndexBox estimates) in August 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 48% month-to-month. As a result, imports reached the peak of $59M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Spark Plug Imports by Country

In August 2022, Russia (47M units) constituted the largest supplier of spark plug to the United States, with a 46% share of total imports. Moreover, spark plug imports from Russia exceeded the figures recorded by the second-largest supplier, Japan (21M units), twofold. the Czech Republic (15M units) ranked third in terms of total imports with a 15% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Russia totaled +7.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+2.4% per month) and the Czech Republic (+17.2% per month).

In value terms, Japan ($21M) constituted the largest supplier of spark plug to the United States, comprising 45% of total imports. The second position in the ranking was held by Mexico ($8.3M), with an 18% share of total imports. It was followed by Thailand, with a 12% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Japan stood at -2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-0.5% per month) and Thailand (+8.9% per month).

Source: https://www.indexbox.io/blog/spark-plug-price-august-2022/