Virtual Sensors Market Size Is Predicted To Reach $1.4 Billion By 2025

The global virtual sensors market size is expected to reach USD 1.4 billion by 2025, expanding at a CAGR of 27.2%, according to a new report by Grand View Research, Inc. Growing use of virtual sensors in the human activity recognition and in the healthcare domain is driving the market. Implementation of cloud platforms integrated with IoT applications is driving the market growth.

A virtual sensor is expected to achieve multiple objectives built for a specific purpose and result in a meta-analysis about its environment. These circuits can range from very simple to very complex design and undergo changes to produce a desired output. The device is an intangible form of sensor which is activated via two kinds of input, one from user and other from physical sensor. However, virtual sensors, in terms of capabilities are much beyond physical devices that can work individually and collectively irrespective of their physical counterparts.

Trends such as new product launches and agreements are likely to be witnessed in the market. In order to enhance industrial facilities, GE offers virtual sensors to reliantly work on predix, which is a cloud-based platform mainly used in the industrial space. Moreover, Siemens AG is working on digital twin technology for the development of virtual sensing solution for its customers. Siemens AG has developed Simcenter solution that is combining the system simulation and 3D CAE for predicting the performance parameters earlier and throughout the product lifecycle.

The solutions segment is expected to witness largest virtual sensors market share over the forecast period. This is attributed to advent of industry 4.0 and rising demand for cloud-based solutions in the manufacturing facilities. Such solutions are anticipated to promote the robot guidance operations by sensing and reducing accidents.

The market in Asia Pacific offers lucrative growth opportunities in terms of technology output, competitive advantage, and relevancy. In addition, the market witnesses a high influx of investments by stakeholders in various verticals pertaining to product development. Compliance policies and government regulations are pivotal in creating a sustainable market development. North America is expected to hold largest market share over the forecast period. This is attributed to rising demand for IoT cloud models and continuous innovations in the field of VR. In addition, growing adoption of advanced technologies among the companies in the region is driving the market growth.

Full Research Report On Virtual Sensors Market Visit Here: https://www.grandviewresearch.com/industry-analysis/virtual-sensors-market

Further key findings from the report suggest:

• The service segment is anticipated to witness higher growth owing to growing training and consulting activities for imparting significant knowledge and advantages of virtual sensors
• The cloud deployment segment is expected to witness a steady market growth, which can be attributed to the rise in use of IoT approach
• The aerospace and defense segment is accelerating the product demand for enhancing the passenger’s safety and safer flight operations
• The key players in the virtual sensors market are Siemens AG, General Electric Company; Aspen Technologies, Inc.; Elliptic Laboratories A/S; and Tactile Mobility.

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Grand View Research has segmented the global virtual sensors market based on component, deployment, end use, and region:

Virtual Sensors Component Outlook (Revenue, USD Million, 2014 - 2025)

• Solution
• Service

Virtual Sensors Deployment Outlook (Revenue, USD Million, 2014 - 2025)

• Cloud
• On-premise

Virtual Sensors End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Oil & Gas
• Automotive & Transportation
• Manufacturing & Utilities
• Electronics
• Healthcare
• Aerospace & Defense
• Others

Virtual Sensors Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

 

Software Defined Radio Market Size Is Estimated To Reach $39.6 Billion By 2027

The global software defined radio market size is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Rising demand for efficient transmission devices influences SDR applications. The commercial growth of software defined radio is driven by the re-configurability and interoperability of SDR for different applications. The Europe market is projected to grow at a significant rate, and would primarily be driven by the increasing need for data centers to fix issues pertaining to data flow. The software defined radio market is flourishing due to an increase in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players through the forecast period.

Full Research Report On Software Defined Radio Market Visit Here: https://www.grandviewresearch.com/industry-analysis/software-defined-radio-sdr-market

Further key findings from the report suggest:

• Cognitive radio is projected to emerge as the fastest-growing segment over the forecast period as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
• Software is expected to register the highest CAGR over the forecast period. This is attributed to the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
• Ground-based SDR systems are witnessing a surge in demand owing to the implementation of ground station receiver with Single Antenna Interference Cancellation (SAIC) technique
• UHF band frequency segment is expected to register a significant CAGR over the forecast period owing to its increasing usage in aerospace and satellite communications
• Commercial is anticipated to emerge as the fastest-growing end use segment owing to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
• The Asia Pacific market is anticipated to witness significant growth owing to the adoption of SDRs by government agencies for the development of communication networks such as Government Radio Network (GRN) by the Chinese government in the city of Beijing
• The key players in the software defined radio market include Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

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Grand View Research has segmented the global software defined radio market on the basis of type, component, frequency band, platform, end use, and region:

Software Defined Radio Type Outlook (Revenue, USD Million, 2016 - 2027)

• General Purpose Radio
• Joint Tactical Radio System
• Cognitive Radio
• TETRA

Software Defined Radio Component Outlook (Revenue, USD Million, 2016 - 2027)

• Hardware
• Antenna
• Transmitter
• Receiver
• Others
• Software
• Service

Software Defined Radio Platform Outlook (Revenue, USD Million, 2016 - 2027)

• Ground
• Naval
• Airborne
• Space

Software Defined Radio Frequency Band Outlook (Revenue, USD Million, 2016 - 2027)

• HF Band
• VHF Band
• UHF Band
• Others

Software Defined Radio End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Aerospace & Defense
• Space
• Military
• Telecommunication
• Public Safety
• Commercial
• Others

Software Defined Radio Region Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• India
• China
• Japan
• Australia
• Latin America
• Brazil
• Mexico
• MEA

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Agriculture Equipment Market Growth & Trends

The global agriculture equipment market size is expected to reach USD 244.2 billion by 2025, expanding at a CAGR of 8.9% from 2019 to 2025, according to a study conducted by Grand View Research, Inc. Rising population has escalated demand for food and has pressurized the agriculture sector to be increasingly efficient and productive. Additionally, increased mechanization in the agriculture sector, rise in demand for agricultural products, and need for profitability and operational efficiency are some of the factors anticipated to drive the agricultural machinery market demand over the forecast period.

Rise in adoption of technology-driven equipment and machinery such as robotics is also anticipated to drive the farm machinery market demand over the forecast years. Farmers in developed regions are adopting modern technologies such as drones, moisture sensors, GPS enabled devices, self-driving tractors, smart irrigation, and terrain contour mapping to increase farm yield and address soaring food demand. Such technological advancements are fuelling the espousal of farm equipment across the globe.

The farm machinery market is also estimated to be driven by increasing sales in developing nations such as India, China, and Brazil, as these countries continue to mechanize their agricultural sectors. Furthermore, strong economic growth and population expansion are expected to impose pressure on the agriculture sectors to be more competent, thus increasing sales.On the down side, high cost of agricultural machinery and financial crisis faced by farmers are some of the major challenges hindering market growth.

The agriculture equipment market is highly competitive and fragmented owing to the presence of few prominent players, along with several medium- and small-scale players accounting for the market share. The key players in the market include John Deere, AGCO, Mahindra & Mahindra, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota.

Several leading vendors are investing in R&D in order to develop innovative equipment and maintain a strong foothold in the market. For instance, in April 2017, Mahindra & Mahindra Limited launched its 24hp 4WD small tractor. It has been available in the Indian market since April 2017. The tractor caters to row cropping and horticulture applications, is capable of lifting up to 750 kg, and is equipped with automatic depth & draft control (ADDC) features.

Full Research Report On Agriculture Equipment Market Visit Here: https://www.grandviewresearch.com/industry-analysis/agriculture-equipment-market

Agriculture Equipment Market Report Highlights

• The global agricultural equipment market is expected to register a CAGR of 8.9% from 2019 to 2025, due to technological advancements in agriculture automation and robotics as well as ever-increasing population
• Growing number of government initiatives in developing countries, especially China and India, to enhance agricultural productivity is expected to further spur sale of farm equipment over the forecast period
• By product, the tractors segment held the dominant share of over 25.0% in 2018, which is accredited to the fact that farmers are increasingly preferring tractors to increase production and restrict dependency on farm labor
• On the basis of application, the harvesting and threshing segment is anticipated to witness significant growth over the forecast period and is expected to exceed a CAGR of 10.0% from 2019 to 2025
• The Asia Pacific market is projected to expand at a CAGR of over 9.0%, owing to its existing and improving infrastructure levels, alternative sales channels, and government support
• Key players in the market include John Deere, AGCO, Mahindra & Mahindra, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota.

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Agriculture Equipment Market Segmentation

Grand View Research has segmented the global agriculture equipment market based on product, application, and region:

Agriculture Equipment Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Tractors
• Harvesters
• Planting Equipment
• Row Crop Planters
• Air Seeders
• Grain Drills
• Others
• Irrigation & Crop Processing Equipment
• Spraying Equipment
• Hay & Forage Equipment
• Others

Agriculture Equipment Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Land Development & Seed Bed Preparation
• Sowing & Planting
• Weed Cultivation
• Plant Protection
• Harvesting & Threshing
• Post-harvest & Agro Processing

Agriculture Equipment Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Netherlands
• Spain
• Denmark
• Russia
• Asia Pacific
• China
• India
• Japan
• Singapore
• South Korea
• Taiwan
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Legal Services Market Size Is Predicted To Reach $1,045.2 Billion By 2025

The global legal services market size is anticipated to reach USD 1,045.24 billion by 2025, exhibiting a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. The growing use of latest technologies in offering legal services is expected to drive the market growth. A strong emphasis on ensuring transparency in the relationship with clients is also expected to drive the growth of the market.

Law firms are increasingly adopting chatbots to aid in optimizing the work process and save time and costs for themselves as well as their clients. Chatbots can help law firms in digitizing the information and searching for lawyer-specific documents, among other tasks. Chatbots can also help in following up with non-responsive clients and seeking the required information through automated conversations.

Law firms are exploring different ways to help their clients in reducing exposure to risks and the costs incurred on compliances by aiding them in better management of information, thereby paving the way for adopting document automation software in legal services. Document automation software takes end users through a questionnaire to collect relevant data and direct them throughout the entire document creation process. Such an approach relieves the end users from the tedious process of understanding the terminologies appearing in the document.

Social networking holds significant potential to transform the way legal services are delivered. As such, law professionals are adopting various social media tools to accomplish a myriad of legal tasks as well as pursuing their career objectives. Social networking platforms, including LinkedIn, Facebook, and Twitter, are particularly helping law professionals in reaching a larger audience.

Full Research Report On Legal Services Market Visit Here: https://www.grandviewresearch.com/industry-analysis/global-legal-services-market

Further key findings from the report suggest:

• The corporate segment is expected to emerge as the fastest-growing segment over the forecast period as disputes over organizational audits, discrimination and harassment of employees, copyright violation, and patent infringement continue to rise
• The private practicing attorneys segment is expected to witness substantial growth over the forecast period owing to the increased opportunities for attorneys in large enterprises as well as small- & mid-sized enterprises
• Law firms are changing their hiring patterns in line with the evolving requirements of the clients
• Law firms are collaborating with professional service providers to offer unified multi-disciplinary services to their clients
• Some of the key players in the market include Baker & McKenzie, Clifford Chance LLP, DLA Piper, and Ernst & Young (EY), among others.

Request a Sample Copy of the Report @ https://www.grandviewresearch.com/industry-analysis/global-legal-services-market/request/rs1

Grand View Research has segmented the global legal services market on the basis of services, firm size, provider, and region:

Legal Services Outlook (Revenue, USD Billion, 2014 - 2025)

• Taxation
• Real Estate
• Litigation
• Bankruptcy
• Labor/Employment
• Corporate

Legal Services Firm Size Outlook (Revenue, USD Billion, 2014 - 2025)

• Large Firms
• Medium Firms
• Small Firms

Legal Services Provider Outlook (Revenue, USD Billion, 2014 - 2025)

• Private Practicing Attorneys
• Legal Business Firms
• Government Departments
• Others

Legal Services Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Argentina
• Chile
• MEA

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Autonomous Mobile Robots Market Size Is Estimated To Reach $8.3 Billion By 2027

The global autonomous mobile robots market size is expected to reach USD 8.3 billion by 2027 registering a CAGR of 19.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Autonomous Mobile Robots (AMRs) have triggered a paradigm shift in performing tasks that are commonly associated with manufacturing and distribution, such as material picking, handling, and sorting. These robots ensure reliable handling of raw material and manufactured items within any particular distribution and production facility, thereby eliminating any potential disruption in the operations. AMRs are typically equipped with different types of sensors, such as LiDAR sensors, to navigate safely through the equipment and workers.

Manufacturing and distribution facilities are aggressively deploying material handling automation systems for tasks, such as picking & packing, moving, and sorting items. Incumbents of the transportation & logistics industry are particularly deploying AMRs as part of the efforts to boost the production and distribution operations in line with the increasing demand. For instance, in April 2020, United Parcel Service of America, Inc., a supply chain management and package delivery company based in the U.S., partnered with Softeon, a provider of supply chain solutions, to launch the Warehouse Execution System (WES). The WES leverages autonomous robot capabilities to bring more efficiency to order intake and fulfillment.

The market is highly competitive and manufacturers are pursuing various strategic initiatives, such as M&A and R&D, to gain a competitive edge. For instance, in October 2019, Teradyne, Inc., a robotics company based in the U.S., completed the acquisition of AutoGuide Mobile Robots for USD 165 million. Teradyne, Inc. envisages leveraging AutoGuide Mobile Robots’ modular architecture and innovative technologies to expand its reach in the autonomous mobile robot (AMR) market.

Full Research Report On Autonomous Mobile Robots Market Visit Here: https://www.grandviewresearch.com/industry-analysis/autonomous-mobile-robots-market

Autonomous Mobile Robots Market Report Highlights

• The adoption of material handling automation solutions for inventory management is growing significantly across various industries
• The growing adoption of AMRs by the incumbents of the logistics industry to move intermediate products within the facility is expected to drive the market
• The manufacturing end-use segment held the largest revenue share in 2019 and is expected to retain its leading position throughout the forecast period
• This growth is due to the rising adoption of AMRs in the manufacturing sector as the costs associated with the maintenance and procurement of AMRs is significantly lesser than the costs incurred on staff salaries and other related benefits

Autonomous Mobile Robots Market Segmentation

Grand View Research has segmented the global autonomous mobile robot market on the basis of type, battery type, end-use, and region:

Autonomous Mobile Robots Type Outlook (Revenue, USD Million, 2016 - 2027)

• Goods-to-Person Picking Robots
• Self-Driving Forklifts
• Autonomous Inventory of Robots
• Unmanned Aerial Vehicles (UAVs)

Autonomous Mobile Robots Battery Type Outlook (Revenue, USD Million, 2016 - 2027)

• Lead
• Lithium-ion (Li-ion)
• Nickel-based
• Others

Autonomous Mobile Robots End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Manufacturing
• Automotive
• Aerospace
• Electronics
• Chemical
• Pharmaceuticals
• Plastics
• Defense
• FMCG
• Others
• Wholesale & Distribution
• E-commerce
• Retail Chains/Conveyance Stores
• Others

Autonomous Mobile Robots Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East and Africa (MEA)

List of Key Players of Autonomous Mobile Robots Market

• ABB
• Bleum Robotics
• Boston Dynamics
• Clearpath Robotics, Inc.
• GreyOrange
• Harvest Automation
• IAM Robotics
• inVia Robotics, Inc.
• Kuka AG
• Teradyne, Inc.

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com