Pumps Industry Trends and Forecasts: Comprehensive Statistical Report

 

Pumps Industry Data Book Covers Centrifugal Pump and Positive Displacement Pump Markets.

The economic value generated by the pumps market was estimated at approximately USD 57.7 billion in 2023. The demand for pumps is on the rise owing to their varied use in such as water & wastewater, power construction, chemicals, and oil & gas industries. Rising expectations of customers in the past few decades have led to increased spending by the end-user industry globally to improve the quality of industrial pumps along with installing advanced process control. This has led to increased spending by the pump manufacturers in an attempt to improve energy efficiency, which is likely to drive the demand for improved energy-efficient pumps over the forecast period.

 

Access the Global Pumps Industry Data Book from 2024 to 2030, compiled with details by Grand View Research

 

Centrifugal Pump Market Growth & Trends

The global centrifugal pump market size was reached to USD 38.6 billion in 2023, expanding at 3.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins.

 

Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period.

 

In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for clean water. This is expected to drive the global water and wastewater treatment equipment market over the forecast period.

 

Expanding industrial sectors including food & beverage, chemicals, pulp & paper, pharmaceutical, power, metal & mining, textiles, semiconductors, and oil & gas result in increased consumption of clean water, which is expected to drive the demand for the centrifugal pump industry across the globe.

 

Manufacturers of centrifugal pumps adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others. For instance, in October 2022, Sulzer introduces updated features for the AHLSTAR A line of process pumps. AHLSTAR A pumps made of ductile iron have a 180°C temperature limit and a maximum working pressure of 16 bars.

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Positive Displacement Pump Market Growth & Trends

The global positive displacement pumps market size was valued USD 19.1 billion in 2023, growing at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Positive displacement pumps are crucial components in various industrial applications, and their efficiency is influenced by several driving factors. One key factor is the nature of positive displacement, ensuring a consistent flow regardless of system pressure. The ability to handle high-viscosity fluids and maintain a steady flow rate under varying conditions makes them ideal for processes requiring precision and reliability. In addition, these pumps are often preferred due to their self-priming capabilities, making them effective in situations where a suction lift is necessary.

 

The product versatility in accommodating different fluids, from thin liquids to highly viscous substances, further contributes to their widespread use in industries, such as oil & gas, chemical processing, and food production. Moreover, advancements in design and materials, as well as the integration of innovative technologies, continue to enhance the efficiency, durability, and overall performance of positive displacement pumps, making them indispensable for critical industrial processes. In industries, such as oil & gas, pharmaceuticals, and food processing, these pumps are favored for their ability to handle shear-sensitive fluids and provide a consistent output. For instance, positive displacement pumps, such as gear or reciprocating pumps, are commonly used to transfer crude oil from production sites to refineries through pipelines.

 

Crude oil often contains a mix of hydrocarbons with varying viscosities, and positive displacement pumps excel at handling these different fluid properties. The consistent flow provided by these pumps ensures a steady and reliable transfer of crude oil over long distances. The self-priming feature is particularly advantageous in applications like wastewater treatment. These pumps can start and continue to operate effectively even when there is air in the suction line, simplifying the pumping process in systems where maintaining a consistent flow is critical. Moreover, these pumps find extensive use in the food & beverage industry for tasks, such as pumping syrup or handling high-sugar content liquids. The pumps' ability to maintain a consistent flow is vital in ensuring the precise mixing of ingredients and the production of uniform products.

 

Positive displacement pumps can be designed for high efficiency, contributing to energy savings, and reduced operational costs. This is particularly important in industries where pumps operate continuously, such as water treatment plants, where energy-efficient pumps can lead to substantial long-term savings. Moreover, the need for reliable and efficient fluid-handling solutions is further boosting market growth. Furthermore, growing industrialization in emerging markets, along with increased investments in sectors like oil & gas, chemical processing, and water treatment, is driving product demand. For instance, according to the International Energy Forum, the anticipated annual investment in upstream activities is projected to rise from USD 499 billion in 2022 to USD 640 billion in 2030 to secure ample energy supplies

Go through the table of content of pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study.

 

Competitive Landscape

Key players operating in the Pumps Industry are –

• Grundfos Holding A/S
• Xylem
• Flowserve Corporation
• ITT INC.
• Sulzer Ltd.
• EBARA International Corporation
• Ingersoll Rand
• KSB SE & Co. KGaA
• Iwaki America Inc.
• HERMETIC-Pumpen GmbH
• Vaughan Company Inc.
• SPX Flow

Global pumps sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

 

Physical Security Market To Rise Up, Based On Increasing Terror Threats, Border Disputes And Refugee Crises Drive

 

 

 

The global physical security market is expected to reach USD 203.05 billion by 2030, growing at a CAGR of 6.1% according to a new study by Grand View Research, Inc. lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices.

 

Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth. For instance, in February 2022, Hangzhou Hikvision Digital Technology Co., Ltd, the world's prominent manufacturer of innovative video surveillance systems and solutions, introduced the TandemVu PTZ camera line, which combines PTZ and bullet camera capabilities into a single unit. These cameras can monitor broad regions and zoom in on individual security incidents while simultaneously maintaining attention on both viewpoints. Further, this camera would be deployed in commercial complexes and residential societies to reduce terror threats and adopt more physical security on the premises.

 

Physical Security Market Segmentation

Grand View Research has segmented the global physical security market report on the basis of component, organizational size, end-user and region:

 

Based on the Component Insights, the market is segmented into Systems, Services.

• The systems segment led the market in 2021 and accounted for a share of over 65.00% of the global revenue.
• The segment is further categorized into Physical Access Control Systems (PACS), video surveillance systems, perimeter intrusion detection and prevention, Physical Security Information Management (PSIM), Physical Identity And Access Management (PIAM), and fire & life safety. The video surveillance system sub-segment dominated the systems market in 2021. The system included in video surveillance systems is analog cameras, axis network cameras, video encoders, monitors, and storage solutions.
• Technological advancements, such as UHD, coupled with decreasing cost of equipment, have led to increased adoption of video surveillance systems to enhance remote monitoring and physical security.
• This would improve existing security systems by adding a layer of awareness to detect future threats ahead of time. The services component segment is expected to grow at the fastest CAGR over the forecast period.
• Services comprise deployment, maintenance, and updating of equipment as well as software, which further improves performance by providing the user with optimum control of the complete security infrastructure.
• The sub-segments of services include system integration, remote monitoring, and others. Driven by factors, such as changing approach of customers toward security operations, demand for cost-effective physical security systems, stringent regulatory compliance, and rapid growth of enterprises, system integration led the services segment in 2021.

 

Based on the Organization Size Insights, the market is segmented into SMEs, Large Enterprises.

• The SMEs segment is anticipated to witness the fastest CAGR of 8.2% over the forecast period. The segment growth can be attributed to theft, environmental dangers, and intruders, as small businesses also have a lot of resources and people to protect.
• The large enterprise segment is also anticipated to register a significant CAGR over the forecast period. The segment is driven by the factors, such as more significant infrastructure to safeguard, highly critical information to protect, and greater revenue to spend.
• Furthermore, protecting their data from thefts, cyberattacks, and unauthorized access lets the segment shift towards physical security solutions. Cyber threats are most likely to target businesses that store essential personal and sensitive information. These threats further result in financial losses, information security, and data breaches.
• The PBAC connects to a cloud authorization service and enables businesses to quickly develop dynamic permission for employees to access facilities and protect their highly critical information from cyber-attacks or thefts.

 

Based on the End-user Insights, the market is segmented into Transportation, Government, Banking & Finance, Utility & Energy, Residential, Industrial, Retail, Commercial, Hospitality, Others.

• The residential segment is projected to register the highest CAGR of 6.9% over the forecast period due to the high number of damages caused to assets and resources during thefts and other attacks. Application in residential properties has enhanced user experience along with protecting assets from any potential risks.
• The growth is attributed to the development of smart homes coupled with the increased use of advanced video surveillance and access control systems.
• Moreover, remote monitoring through cloud-based services has made it easier to supervise and control the physical environment. Transportation is projected to be the second-fastest-growing end-user segment over the forecast period. 
• Over the past few years, several industries & sectors, such as BFSI, residential, government, and transportation, have witnessed several cases of security breaches. These factors are expected to drive the demand for physical security systems.

 

Physical Security Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Market leaders focus on providing diverse solutions to cater to various applications to gain a higher market share. Companies also focus on strategic alliances, mergers, and acquisitions to enhance their product offerings and improve their market share.

 

Some prominent players in the global physical security market include:

• Hangzhou Hikvision Digital Technology Co., Ltd.
• Honeywell International, Inc.
• Genetec, Inc.
• Cisco Systems, Inc.
• Axis Communications AB
• Pelco
• Robert Bosch GmbH
• Johnson Controls
• ADT LLC

 

Order a free sample PDF of the Physical Security Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Interactive Whiteboard Market To Strike CAGR, Boosted By Emergence Of Virtual Classrooms And E-Learning Courses

  

 

Interactive Whiteboard Industry Overview

 

The global interactive whiteboard market size is estimated to reach USD 2.8 billion by 2027, growing at a CAGR of 7.6% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Surging need for standalone systems for collaborative meetings and digital learning methods is expected to boost the demand for interactive whiteboards across the globe. Rising popularity of digital learning and increasing technological advancements are also responsible for driving the demand market for interactive whiteboard over the forecast period.

 

Interactive Whiteboard Market Segmentation

Grand View Research has segmented the global interactive whiteboard market based on technology, form factor, projection technique, application, and region:

 

Based on the Technology Insights, the market is segmented into Infrared, Resistive Membrane, Electromagnetic Pen, Capacitive, Others.

• The resistive membrane segment accounted for the largest share in 2019 and is projected to exceed USD 1000 million by 2027, growing at a CAGR of over 7% over the forecast period.
• Resistive membrane-based interactive whiteboard support touch-based interactions and can be wholly operated using a finger or a stylus. Additionally, the cost-effective factor is expected to fuel the growth of interactive whiteboard integrated with resistive technology over the forecast period.
• The infrared segment is projected to exhibit a CAGR exceeding 6.5% over the forecast period. Infrared-based IWBs are easy to operate and are durable as compared to other technology-based IWBs such as resistive membrane or capacitive IWBs.

 

Based on the Form Factor Insights, the market is segmented into Fixed, Portable.

• The portable IWBs segment held the largest market share exceeded 47% in 2019 and is predicted to register the highest growth rate over the forecast period.
• Portable IWBs are suitable for last-minute presentations during business trips. Portable IWBs do not require any external support or surfaces and support multi-touch functionality. Owing to these aforementioned advantages portable IWBs are gaining popularity among consumers, and hence the market for portable interactive whiteboard is expected to witness significant growth.
• The fixed segment is also expected to grow at a significant rate over the forecast period. This growth is attributed to several features such as high resolution for high image quality, low latency time, and more accurate and responsive interactivity.
• Fixed IWBs are user-friendly and offer standard aspect ratios that are compatible with a majority of the existing computer setups and projectors.

 

Based on the Projection Technique Insights, the market is segmented into Front Projection, Rear Projection.

• The front projection technique secured a market share exceeding 60% of the global market for the interactive whiteboard in 2019 and is anticipated to grow at the highest rate from 2020 to 2027. Interactive whiteboard with front projection technique are equipped with video projectors.
• Interactive whiteboard equipped with rear projection are expected to grow at a CAGR of more than 9.5% over the forecast period.
• The rear projection technique identifies and eliminates presenter shadow present behind the interactive whiteboard and overcomes a key concern associated with front-projection IWBs. Thus, the presenter has to face the projector while communicating with the audience.

 

Based on the Application Insights, the market is segmented into Education, Corporate, Commercial, Others.

• The education segment is expected to emerge as a lucrative market for manufacturers of IWBs. Interactive whiteboard in educational institutions enable teachers to easily create customized learning objects from existing content in order to offer a real-time visual experience to students.
• Additionally, IWBs also increase student participation in knowledge sharing sessions and group discussions, whilst also eliminating the need for taking down notes. These aforementioned factors are expected to propel the demand for the market for interactive whiteboard over the forecast period.
• The corporate segment accounted for more than 15.0% of the global market share in 2019. Interactive whiteboard are gaining traction within the corporate sector as professionals in corporate meeting and conference rooms make use of whiteboard during the planning, designing, and various other developmental stages of a product.

 

Interactive Whiteboard Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The market players particularly focus on introducing new products in the market to enhance their product portfolio and to gain a competitive edge in the market.

Some prominent players in the global interactive whiteboard market include

• BenQ Corporation
• Boxlight Corporation
• Cisco Systems, Inc.
• Google Inc.
• Microsoft Corporation.

 

Order a free sample PDF of the Interactive Whiteboard Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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Distributed Fiber Optic Sensor Market To Forsee Commendable Growth, Due To Rising Need Amongst Enterprises And Corporations To Engage In Effective Sensing Operations Of Their Machine Systems

 

 

 

 

 

The global distributed fiber optic sensor market size is expected to reach USD 2,533.5 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.3% from 2022 to 2030.

 

The distributed fiber optic sensors (DFOS) market is expected to grow exponentially over the forecast period globally. Factors such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector substantially boost the adoption of distributed fiber optic sensors. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, its capability to work in a challenging environment is another factor propelling the market growth.

 

Distributed Fiber Optic Sensor Market Segmentation

For the purpose of this report, Grand View Research has segmented the distributed fiber optic sensor market based on application, technology, vertical, and region:

 

Based on the Application Insights, the market is segmented into Temperature Sensing, Acoustic/Vibration Sensing, Other.

• The temperature sensing segment dominated the market and accounted for a revenue share of 45.3% in 2021. DFOS sensors help to generate a continuous profile of strain, acoustics, temperature, or conditions along the entire length of the fiber.
• Deploying distributed temperature sensing systems (DTS) enables enterprises and organizations to engage in effective temperature measurement practices in challenging scenarios. The high accuracy of the technology being used and the ability to be deployed in several industries such as oil and gas, industrial, civil engineering, and power and utility drive the market for the technology. 
• Acoustic and vibration sensing also captured nearly 39% revenue share in 2020, thus showcasing the importance of the technology and application for various uses. However, the high cost of deployment and technological complexities act as refraining factors for the market.

 

Based on the Technology Insights, the market is segmented into Rayleigh Effect, Brillouin Scattering, Raman Effect, Interferometric, Bragg Grating.

• The Raman Effect technology segment captured the highest revenue share of more than 38.0% in 2021.
• This can be accredited to the use of technology in critical situations such as the safety of large structures, coolant leak detection, and fire detection with uses in advanced data processing practices.
• The Rayleigh effect segment is expected to offer significant growth opportunities to the market. It is due to the technology's ability to measure almost all physical parameters such as strain and temperature.

 

Based on the Vertical Insights, the market is segmented into Oil and Gas, Power and Utility, Safety and Security, Industrial, Civil Engineering.

• The oil and gas segment dominated the market and accounted for a revenue share of 36.0% in 2021. Also, other verticals, including power and utility, safety and security, industrial, and civil engineering, have a major impact on the market's growth.
• DFOS is essential in real-time and accurate downhole measurement for optimized performance, leading to real-time data-driven decision-making. The use of fiber optics for Distributed Temperature Sensing (DTS) and Distributed Acoustic Sensing (DAS) helps solve daily oil and gas field encounters, which is further offering an impetus to market growth.
• The power and utility sector has gained significant revenue share due to increasing demand amongst electric utility companies for localization and hot spot detection, smart grid, and ampacity. 

 

Distributed Fiber Optic Sensor Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Rising R&D activities and increasing investments made by service providers to accelerate innovation and provide better service offerings offer an impetus to market growth. This has helped users engage in data-driven decision-making and closely administer machine systems to mitigate potential risks.

 

Some prominent players in the global distributed fiber optic sensor market include

• Halliburton
• Schlumberger Limited
• Yokogawa Electric Corporation
• OFS Fitel, LLC
• Qinetiq Group PLC
• Omnisens SA
• Brugg Kable AG
• Luna Innovations Incorporated
• AP Sensing GmbH

 

Order a free sample PDF of the Distributed Fiber Optic Sensor Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Volatile Organic Compound Gas Sensor Market Is Extrapolated To Grow, Due To Increasing Imposition Of Regulations And Policies By Government Association

 

 

 

Volatile Organic Compound Gas Sensor Industry Overview

 

The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

 

Volatile Organic Compound Gas Sensor Market Segmentation

Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:

 

Based on the Type Insights, the market is segmented into Single Gas Detection Sensor, Multiple Gas Detection Sensor.

• Single gas detection sensors detect one gas at a time and they are majorly used in automotive applications. They are best suited for combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others.
• Every process involving the manipulation and production of hydrocarbons emits VOC gases. As a result, the product is used for industrial applications such as oil refining, chemical processing, and petrochemical plant among others.
• Multiple gas detection sensors are widely used in the oil and gas sector owing to their portability and cost-effectiveness. These detectors are most commonly used for monitoring pipeline operations and detecting different gases, such as benzene, methylene chloride, perchloroethylene, MTBE, and formaldehyde.

 

Based on the Technology Insights, the market is segmented into Photo-Ionization Detector (PID), Infrared-based Detection, Metal-oxide Semiconductor, Others.

• Metal oxide semiconductor gas sensors operate when VOC gas comes in contact with metal oxide surfaces as oxidation or reduction of the gas changes conductivity or resistivity of the metal oxide surface. The conductivity of resistivity change is measured by electronic circuitry.
• They are widely used by end-use industries such as automotive, petrochemical, and medical owing to the benefits such as resistance to corrosion and longer life. Semiconductor technology-based sensors accounted for a considerable market share in 2018.

 

Based on the Application Insights, the market is segmented into Oil & Gas, Agriculture, Automotive, Chemical Industry, Manufacturing, Food & Beverages, Metals & Mining, Others.

• While production optimization remains the main focus for implementing sensors in oil and gas, health and safety are also important aspects. As a result, the use of VOC sensors is growing at a rapid pace for the real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment.
• Increasing demand for natural gas and petroleum has led to potential risks during production, such as exposure to toxic and combustible gases during extraction as well as gas leakage.
• The food and beverage manufacturing industry are expected to witness the rapid adoption of digital transformation and smart manufacturing initiatives in the forthcoming years. This growth is expected to arise from numerous food processing industry players that are functional across the value chain.

 

Volatile Organic Compound Gas Sensor Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The majority of the players are manufacturing IR based VOC sensor above 1.8 microns as most gases such as butane, methylene chloride, propane, acetone, and combustible gases are absorbed in a wavelength ranging from 2.0 microns to 4.0 microns.

Some prominent players in the global volatile organic compound gas sensor market include

• AlphaSense
• City Technology Ltd.
• Bosch Sensortec
• ABB Ltd
• Siemens AG
• Aeroqual Limited
• SGX Sensortech
• Integrated Device Technology, Inc.
• EcoSensors
• GfG Europe Ltd.

 

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Automated Test Equipment Market To Show Astonishing CAGR, Owing To Implementation Of ATE In Semiconductor Manufacturing Companies

  

Automated Test Equipment Industry Overview

 

The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market.

 

Automated Test Equipment Market Segmentation

Grand View Research has segmented the global automated test equipment market on the basis of product, vertical, and region:

 

Based on the Product Insights, the market is segmented into non-memory ate, memory ate, discrete ate.

• The non-memory ATE segment led the automated test equipment market and accounted for more than 66% share of the global revenue in 2020.
• Recent innovations in IoT devices and autonomous vehicles along with significant advancements in defense and aerospace sectors have drastically changed the market dynamics.
• Companies are focusing on enhancing customer satisfaction by ensuring faster time-to-market along with superior product quality and low testing costs. These factors act as significant growth drivers for the market.
• The product segment is further segregated into non-memory, memory, and discrete automated test equipment. Increased complexities in semiconductor chip manufacturing needs a significant amount of test cost and time.
• Semiconductor companies focus on reducing the testing costs and consider outsourced equipment for the testing process instead of in-house development which is one of the primary factors driving the growth.

 

Based on the Vertical Insights, the market is segmented into automotive, consumer, aerospace & defense, it & telecommunications, others.

• The IT and telecommunications ATE segment led the market and accounted for more than 48% share of the global revenue in 2020.
• The others segment includes Banking, Financial Services and Insurance (BFSI), entertainment, e-commerce, and medical.
• Increasing application of automatic test equipment in the semiconductor assembly and manufacturing industry is expected to drive the demand for ATE.
• The IT and telecommunication vertical is expected to have a significant market over the forecast period.
• The demand for automated test equipment is driven mainly by the increasing ST production, complexity, and performance level of semiconductor devices used in electronic products along with the emergence of development in semiconductor device technology.
• Furthermore, the increasing pricing pressure among semiconductor manufacturers has forced suppliers to leverage the utilization of capital equipment across multiple devices.
• Increasing application in the semiconductor assemble and manufacturing industry is expected to drive the product demand.

 

 

Automated Test Equipment Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The ATE market is consolidated, wherein the top players accounted for the majority of the market share in 2020. The companies such as Teradyne Inc. and Advantest Co., Inc. are identified as the prominent ATE providers.

 

Some prominent players in the global automated test equipment market include:

• Aemulus Holdings Bhd (“Aemulus”)
• Chroma ATE Inc.
• Aeroflex Inc. (a subsidiary of Cobham plc)
• Astronics Corporation
• Advantest Corporation
• LTX-Credence Corporation (Xcerra Corporation)
• Teradyne Inc.
• STAr Technologies Inc. (a subsidiary of Innotech Corporation)
• Tesec Corporation
• Roos Instruments, Inc.
• Marvin Test Solutions Inc.
• Danaher Corporation

 

Order a free sample PDF of the Automated Test Equipment Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

 

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Perimeter Security Market Is Extrapolated To Rise As Of Increasing Threat Of Terrorism And Cross-Border Intrusions

  

Perimeter Security Industry Overview

 

The global perimeter security market size is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period, according to a new report by Grand View Research, Inc. The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems.

 

Technological proliferation has led to the growth of smart cities and smart infrastructure. Owing to this, the implementation of security systems at commercial complexes, entertainment hubs, and public sites is on the rise. The integration of security systems with the internet and the latest mobile devices has made surveillance easier. The latest technology has also led to the introduction of infrared, microwave, radar, and seismic sensors.

 

Perimeter Security Market Segmentation

Grand View Research has segmented the global perimeter security market report on the basis of system, service, end-use, and region:

 

Based on the System Insights, the market is segmented into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems active barriers and others

• The software video surveillance systems segment dominated the industry and accounted for the highest share of more than 45.5% of the global revenue in 2021.
• Video surveillance systems are estimated to emerge as the fastest-growing type segment in the market owing to the increasing focus on the continuous capturing of images and complete safety.
• The segment mainly comprises video cameras, CCTV cameras, video analytics, and smart video devices that can be linked to more than one device.
• The ease of installation of video surveillance systems and their myriad applications are resulting in their increased adoption across the globe.
• Video surveillance solutions deter revenue loss from stolen merchandise, vandalism, and destruction of valuable information among others.
• The video surveillance systems include alarm systems and wireless home security systems that notify law enforcement agencies at the time of trouble.

 

Based on the Service Insights, the market is segmented into system integration & consulting, risk assessment & analysis, managed services and maintenance & support

• System integration and consulting services are gaining traction among security system providers and the segment accounted for the maximum share of more than 51.00% of the global revenue in 2021. The integration of various security systems provides the controller with more accurate information and enhanced decision-making power.
• System integration and consulting services help businesses with streamlined & optimal functional workflow, access to real-time data, and effective performance of business operations.
• The adoption of cutting-edge technologies, such as IP-based security cameras for remote access, motion sensors, and wireless technology, is driving the industry forward.
• The risk assessment & analysis services are estimated to grow at a very fast pace over the forecast period.
• Managed security services are increasingly used by large organizations as they find it easier to outsource the entire security system, thereby identifying loopholes in the security of crucial information and preventing intruders from accessing their company premises.

 

Based on the End-use Insights, the market is segmented into government, military & defense, transportation, commercial, industrial and others

• The military and defense segment dominated the global market in 2021 and accounted for the maximum share of more than 25.5% of the global revenue.
• The increasing population and growing shopping & outing trends, along with the presence of large entertainment hubs at various locations, have led to the emergence of a vast application for perimeter security systems.
• The transportation end-use segment is expected to grow at the fastest growth rate from 2022 to 2030. This growth is attributed to a wide scope of product applications in railways, freight cars, and cargo vehicles to protect the valuable assets on board.
• Government sites and offices are increasingly adopting perimeter security systems and this segment is expected to witness substantial growth over the forecast period. These systems are widely used to detect any intrusion into the restrained facility. Also, these systems ensure the safeguarding of privately owned land or an industrial facility.

 

Perimeter Security Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Key players are focusing on increasing their customer base to gain a competitive edge in the market and these players are adopting various strategic initiatives, such as mergers & acquisitions, partnerships, integrating with other firms for particular technologies, and new product development.

 

Some of the prominent players in the global perimeter security market include:

• Axis Communications AB
• Barrier1 Systems, Inc.
• Optex, Inc.
• Honeywell International, Inc.
• Tyco International Ltd.
• Puretech Systems
• Senstar Corp.
• Delta Scientific Corp.
• RBtec Perimeter Security Systems
• Cias Elettronica Srl

 

Market Industry Development

• April 2019: Thales acquired Gemalto, an international digital security company based in the Netherlands. This acquisition equipped Thales Group with a larger product portfolio to become a global leader in digital identity and security. 
• May 2016: Hikvision acquired U.K.-based intrusion alarm specialist Pyronix. This acquisition will give Hikvision a foothold in an entirely new sector of the security hardware industry.

 

Order a free sample PDF of the Perimeter Security Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.