Machine Vision Global Market Report 2023 – By Product (PC Based, Smart Camera Based), By Offering (Hardware, Software, Service), By Deployment Type (General Machine Vision System, Robotic Cell, By Application (Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Predictive Maintenance), By End Use industry (Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductor, Pulp And Paper, Printing And Labeling, Food And Beverage, Postal And Logistics, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Automated test equipment refers to computer-controlled test and measurement equipment that will allow for testing with minimal human interaction. It is used for testing and evaluating quality and functionality in various applications. This equipment is also used to test printed circuit boards, interconnections, and verifications. The main types of products in automated test equipment are memory IC test systems, linear & discrete test systems, system-on-chip (SoC) test systems, and others. An integrated circuit configured to store bits of data in memory cells within a memory array whose primary purpose is storing and retrieving such electronic data is referred to as a memory IC test system. The different technologies include WCDMA and RF technology, LTE technology, optical inspection technology, machine vision technology, X-Ray inspection technology, and others, and involve various components such as industrial PC, mass interconnect, handler, prober, and others. It is employed in several sectors, including aerospace and defense, consumer electronics, IT and telecommunications, automotive, healthcare, and others. The global automated test equipment market is segmented - 1) By Product Type: Memory IC Test System, Linear and Discrete Test System, System-on-Chip (SoC) Test System, Other Products 2) By Component: Industrial PC, Mass Interconnect, Handler, Prober, Other Components 3) By Technology: WCDMA and RF Technology Based Testing, LTE Technology Based Testing, Optical Inspection Technology Testing, Machine Vision Technology Testing, X-Ray Inspection Technology, Other Technologies 4) By End-Users: Aerospace and Defense, Consumer Electronics, IT and Telecommunications, Automotive, Healthcare, Other End Users The global automated test equipment market size will grow from $6.71 billion in 2022 to $7.27 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automated test equipment is expected to grow to $9.59 billion in 2027 at a CAGR of 7.2%. The increasing demand for consumer electronics is contributing to the growth of automated test equipment. Any home equipment, gadgets, or digital devices intended for ordinary home usage are referred to as consumer electronics. The automated testing equipment is used in testing and evaluating the quality of consumer electronics, as a result, an increase in demand for consumer electronics increases the demand for automated test equipment. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, the consumer electronics industry is expected to reach $21.18 billion by 2025. Therefore, the increasing demand for consumer electronics is expected to drive the automated test equipment market growth. Major players in the automated test equipment market are Aemulus Hldgs, Chroma ATE Inc., Aeroflex Inc., Astronics Corporation, Advantest Corporation, SPEA S.p.A., Teradyne Inc., STAr Technologies Inc., Roos Instruments Inc., Marvin Test Solutions Inc., National Instruments Corporation, Chroma ATE Inc., Agilent Technologies Inc., Anritsu Company, Rohde & Schwarz GmbH & Co KG, Xcerra Corporation, TRICOR Systems Inc., Advint LLC, and Solvay S.A. Strategic partnerships have emerged as a key trend gaining popularity in the automated test equipment market. Major companies operating in the automated test equipment sector are focused on partnerships to meet consumer demand. For instance, in November 2020, JOT Automation, a Finland-based manufacturer of electronics, partnered with Digitaltest GmbH, a Germany-based manufacturer of automated test equipment. Through this partnership, the two firms will work together to bring innovative solutions to the market for a new level of performance, new revenue streams, and improved customer experience. Moreover, in November 2020, STMicroelectronics, a Switzerland-based semiconductor manufacturing company, partnered with Advantest, a Japanese manufacturer of automatic test equipment. Through this partnership, these two companies will jointly develop an advanced, fully-automated final-test cell system that improves overall equipment efficiency and quality in semiconductor test and packaging operations. In October 2021, Advantest Corporation, a Japan-based manufacturer of automatic test equipment R&D Altanova for an undisclosed amount. Through this acquisition, both firms will adopt integrated business activities, which will be based on Advantest's corporate mission of providing customer value to the growing semiconductor value chain. R&D Altanova is a US-based company that manufactures automatic test equipment. North America was the largest region in the automated test equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automated test equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automated test equipment market consists of sales of printed circuit boards, analog-to-digital converters (ADCs), digital-to-analog converters (DACs), comparators, track-and-hold amplifiers, and video products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automated test equipment market research report is one of a series of new reports from The Business Research Company that provides automated test equipment market statistics, including automated test equipment industry global market size, regional shares, competitors with a automated test equipment market share, detailed automated test equipment market segments, market trends and opportunities, and any further data you may need to thrive in the automated test equipment industry. This automated test equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The computational photography refers to the use of digital software to enhance the photos clicked by the camera. Computational photography is used in digital cameras, particularly in smartphones by automating settings to make for better shooting abilities. Computational photography helps in improving the clarity of images by reducing motion blur and adding simulated depth of field, improving color, light range, and contrast by using image processing algorithms. The main types of computational photography are single- and dual-lens cameras, 16- lens cameras, and other types. The single-lens camera uses a prism system and a mirror that allows the photographer to see through the lens and know what exactly is being captured whereas a dual-lens camera offers two sensors that help in capturing high-quality pictures as well as adds more elements. Computational photography is offered in camera modules and software in smartphone cameras, standalone cameras, and machine vision cameras that have various applications such as 3d imaging, augmented reality imaging, virtual reality imaging, mixed reality imaging, digital imaging, other applications. The global computational photography market is segmented - 1) By Type: Single And Dual Lens Camera, 16- Lens Camera, Other Types 2) By Offering: Camera Modules, Software 3) By Product: Smartphone Cameras, Standalone Cameras, Machine Vision Cameras 4) By Application: 3D Imaging, Augmented Reality Imaging, Virtual Reality Imaging, Mixed Reality Imaging, Digital Imaging, Other Applications The global computational photography market size will grow from $13.52 billion in 2022 to $16.69 billion in 2023 at a compound annual growth rate (CAGR) of 23.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global computational photography market is expected to grow to $40.88 billion in 2027 at a CAGR of 25.1%. The growth of the smartphone market is expected to propel the growth of the computational photography market in the forecast period. Computational photography is increasing due to rapid improvements in the smartphone cameras such as photo-taking capabilities using 3D technology sensors for high quality. According to the India Brand Equity Foundation blog (IBEF), an Indian Government export promotion agency, as per the National Electronics Policy (NEP), the domestic smartphones market is estimated to reach $ 80 billion by 2025-26, from $ 25.1 billion in 2018-19. Therefore, the growth of the smartphone market will drive the growth of the computational photography market. Major players in the computational photography market are Apple, Light, Nvidia, Qualcomm, Samsung Electronics, Adobe, Nikon, Sony Corporation, LG Corp, Canon, Algolux, Almalence Inc., HTC, Xperi Corporation, Lytro, Pelican, Movidius, Oppo, Intel, Corephotonics Ltd., Leica Camera AG, and Raytrix. Technological advancements are shaping the computational photography market. Technological advancements are being made in the computational photography market to sustain the competition as this market is driven by innovation. For instance, in 2020, Qualcomm Technologies, a subsidiary of Qualcomm based in the US that creates semiconductors, software, and services related to wireless technology., launched Qualcomm QCS610 and Qualcomm QCS410 system-on-chips. These QCS610 and QCS410 are unique as they are designed to bring premium camera technology that includes powerful artificial intelligence and machine learning into mid-tier camera segments. In August 2021, IL MAKIAGE, a US-based tech-focused beauty brand, acquired Voyage81 for an undisclosed amount. The acquisition would further advance the company’s AI capabilities and help it create better offerings for its customers. Voyage81 is a Israel-based AI computational imaging company. North America was the largest region in the computational photography market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global computational photography market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the computational photography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The computational photography market includes revenues earned by entities by in-camera computation of digital panoramas, high-dynamic-range images, and light field cameras. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The computational photography market research report is one of a series of new reports from The Business Research Company that provides computational photography market statistics, including computational photography industry global market size, regional shares, competitors with a computational photography market share, detailed computational photography market segments, market trends and opportunities, and any further data you may need to thrive in the computational photography industry. This computational photography market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart factories refer to factories where physical production processes and operations are combined with digital technology, smart computing, and big data to create a more opportunistic system for companies that are focusing on manufacturing automation and supply chain management. The main types of products in the smart factory market are machine vision systems, industrial robotics, control devices, sensors, communication technologies, and others. An industrial robot refers to a mechanical machine that is programmed to automatically perform production-related tasks in industrial environments. The different components include smart factory hardware, smart factory software and smart factory services and are employed in automotive, aerospace and defence, electrical and electronics, food and beverages, healthcare and pharmaceuticals, and other industry verticals. The global smart factory market is segmented - 1) By Product: Machine Vision Systems, Industrial Robotics, Control Devices, Sensors Communication Technologies, Other Products 2) By Component: Smart Factory Hardware, Smart Factory Software, Smart Factory Services 3) By Industry Vertical: Automotive, Aerospace and Defense, Electrical and Electronics, Food and Beverages, Energy and Utilities, Healthcare and Pharmaceuticals, Other Industry Verticals The global smart factory market size will grow from $70.44 billion in 2022 to $79.04 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart factory is expected to grow to $119.28 billion in 2027 at a CAGR of 10.8%. The growing demand for industrial robots is expected to propel the growth of the smart factory market going forward. Industrial robots refer to mechanical machines that are programmed to automatically perform production-related tasks in industrial environments. A smart factory focuses on the optimization and industrial automation of its resources, using tools such as information and smart sensor technologies, robotics, the internet of things, or artificial intelligence. For instance, in 2021, according to the International Federation of Robotics, a Germany-based non-profit organization, sales of new robots grew slightly by 0.5%, and robot installations are expected to rebound strongly and grow by 13%. Therefore, the growing demand for industrial robots is driving the smart factory market growth. Major players in the smart factory market are ABB, Emerson Electric Co, General Electric, Honeywell International Inc., IBM, Johnson Controls International PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric, Siemens, Yokogawa Electric Corp., Cisco Systems Inc., Dassault Systèmes, Endress+Hauser AG, Kollmorgen, Kuka AG, Omron Corporation, and Oracle Corporation. Technology advancements are a key trend gaining popularity in the smart factory market. Major companies in the smart factory sector are using advanced technologies to improve the production process and achieve better efficiency. For instance, in 2021, Panasonic, a Japan-based company operating in smart factory solutions, launched the Miraie Pro factory platform, an Industrial IoT/smart factory solution developed indigenously at the company’s India Innovation Centre. Miraie pro factory uses new-age technologies such as Cloud, IoT, analytics, and mobile apps, to name a few, to manage end-to-end operations, resulting in enhanced production efficiency. By using this technology, manufacturing productivity can increase by 8–15%. In December 2021, Inpixon, a US-based indoor intelligence platform company, acquired IntraNav for an undisclosed amount. Through this acquisition, Inpixon is expected to expand its location intelligence and would also help in market expansion. Also, it would enable Inpixon with the fourth industrial revolution, commonly called Industry 4.0, which would help in the digitalization of the horizontal and vertical value chains through automation and data exchange, leveraging IoT and cloud computing. IntraNav is a Germany-based industrial automation startup that provides components for the smart factory. Asia-Pacific was the largest region in the smart factory market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart factory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The smart factory market consists of sales of blockchain manufacturing, the industrial internet of things, and asset management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart factory market research report is one of a series of new reports from The Business Research Company that provides smart factory market statistics, including global market size, regional shares, competitors with a smart factory market share, detailed smart factory market segments, market trends and opportunities, and any further data you may need to thrive in the smart factory industry. This smart factory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Leasing is a financial arrangement in which a person, company, or other entity pays to use land, a vehicle or other property for a set period. The cash outflow and payments related to leasing are spread out over several years, hence saving the burden of one-time significant cash payments, which helps a business to maintain a steady cash-flow profile. The main types of leasing are automotive equipment leasing, consumer goods, general rental centers, machinery leasing,g and lessors of nonfinancial intangible assets. The automotive equipment leasing industry includes businesses that rent or lease vehicles without drivers, such as passenger cars, truck tractors, utility trailers, buses, semi-trailers, trucks, recreational vehicles (RVs,) and passenger vans. The different modes include online, and offline and involve various lease types such as closed-ended lease, option to buy the lease, sub-vented lease, and others. The global leasing market is segmented - 1) By Type: Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets 2) By Mode: Online, Offline 3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types Subsegments Covered: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And RV (Recreational Vehicle) Rental And Leasing, Consumer Goods Rental, General Rental Centers, Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental, Oil Royalty Companies, Patent Owners And Lessors The global leasing market size will grow from $1519.9 billion in 2022 to $1674.39 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of leasing market is expected to grow to $2424.62 billion in 2027 at a CAGR of 9.7%. The emergence of startups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which is often high-priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the market. For instance, according to the Department for Promotion of Industry and Internal Trade report, there are 16,000 start-ups in India during 2020-2021, depicting new opportunities for the leasing market in the client expansion and revenue generation. Major companies in the leasing market include Enterprise Holdings Inc., Berkshire Hathaway Inc., McDonald's, Daimler AG, LeasePlan Corporation N.V., General Electric Company, United Rentals Inc., Koninklijke Ahold Delhaize N.V, Tokyo Century and Ford Motor Co. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the leasing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Internet of things technology is widely being used by car rental and leasing companies to maintain and manage fleets. The Internet of things is a network of internet-connected objects or devices able to collect and exchange data using embedded sensors. According to ABI Research, a US-based technology company, 30 million new connected vehicles are sold worldwide in 2020, accounting for about 41% of all new auto sales. Furthermore, approximately 94 million IoT-connected cars are shipped in 2021, which is likely to be 82% of all cars shipped. Using IoT technology, car leasing companies can access odometer and diagnostic trouble codes (DTCs) in real time which facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking doors help avoid the management of a large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs. Asia-Pacific was the largest region in the leasing market in 2022. North America was the second-largest region in leasing market. The regions covered in the leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the leasing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The leasing market consists of revenues earned by entities that are engaged in providing variety of tangible goods leasing services such as passenger car rental, consumer goods rental, general rental, heavy construction machinery rental. This market does not include house leasing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The leasing market research report is one of a series of new reports from The Business Research Company that provides leasing market statistics, including leasing industry global market size, regional shares, competitors with a leasing market share, detailed leasing market segments, market trends, and opportunities, and any further data you may need to thrive in the leasing industry. This leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Foundries refer to a type of plant where machine parts are made by melting metal and pouring it into containers with specific shapes to produce castings by pouring molten metal into molds that are used in production of different types of metallic products to ease metal manufacturing, reduce cost of operations and produce high strength products. The main types of foundries are ferrous metal foundries and nonferrous metal foundries. Ferrous metal foundries process a variety of alloys for various applications. The foundry types are pure-play foundry and integrated device manufacturers. These are used in automobiles, pipes & fittings, agricultural machinery, electrical equipment, machine tools, and other applications. The global foundries market is segmented - 1) By Type: Ferrous Metal Foundries, Nonferrous Metal Foundries 2) By Foundry Type: Pure Play Foundry, Integrated Device Manufacturers 3) By Application: Automobile, Pipes and Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools, Other Applications Subsegments Covered: Iron Foundries, Steel Foundries, Nonferrous Metal Die-Casting Foundries, Aluminum Foundries (except Die-Casting), Other Nonferrous Metal Foundries (except Die-Casting) The global foundries market size grew from $174.07 billion in 2022 to $188.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of foundries is expected to grow to $250.01 billion in 2027 at a CAGR of 7.3%. The foundries' market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth is3.3% in 2020 and 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the growth of the foundries market during the forecast period. Major companies in the foundries market include Ryobi Limited, Aludyne Inc., Kobe Steel Ltd., Georg Fischer AG, Grupo Industrial Saltillo S.A.B. de C.V, Neenah Enterprises Inc., Vesuvius plc, Anhui Yingliu Electromechanical Co. Ltd., Allegheny Technologies Incorporated, and Doosan Heavy Industries & Construction Co. Ltd. The global prices of steel, nonferrous metals, and other metals were volatile during the forecast period and restrained the growth of the foundries market. In 2020, according to the World steel association, the global crude steel output had decreased by 0.9%. when compared to 2019. steel prices showed an overall growing trend with tendencies to drop in the first half of each year, The volatility of metal prices created difficulties for companies in securing stable purchasing contracts for raw materials, restraining the growth of the foundries market. Automated manufacturing systems are gaining popularity as they enhance manufacturing productivity and reduce operating costs. Automation systems refer to a machine, tool, or technology such as robotics and AI that helps to reduce human intervention and improve safety in metal manufacturing processes such as processing, assembling, and material handling. This allows metal manufacturing companies to increase efficiency and production, improve safety on the manufacturing floor, enhance product quality, perform complex and varied tasks, enhance process stability, provide flexibility to produce products, and eliminate routine manual tasks. For instance, in November 2021, ABB Limited, a Switzerland-based manufacturing technology company, launched a smart factory solution. The new system is exceptional because it provides powerful real-time ladle tracking in addition to automated crane scheduling, a predictive thermal modeling engine, and other features. The tracking engine continuously monitors the movement of ladles using cranes and transfer carriages. In comparison to radio-frequency identification (RFID) solutions, radar and laser positioning technologies offer precise vision while requiring less hardware and maintenance. Job forecasting, route planning, and automatic job acknowledgment are all part of the automated crane scheduling process. The Asia-Pacific was the largest region in the foundries market share in 2022. Western Europe was the second-largest region in the foundries market. The regions covered in the global foundries market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the foundries market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The foundries market consists of sales of iron foundries, brass foundries, and bronze foundries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The foundries market research report is one of a series of new reports from The Business Research Company that provides foundries market statistics, including foundries industry global market size, regional shares, competitors with a foundries market share, detailed foundries market segments, market trends, and opportunities, and any further data you may need to thrive in the foundries industry. This foundries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Machinery leasing is a process of obtaining commercial-type and industrial-type machinery, vehicles, or other equipment for temporary use in exchange for periodic payments paid to the machinery owner as leasing rent. Machinery leasing helps make lower monthly payments than with a loan, benefiting from tax advantages, getting a fixed financing rate instead of a floating rate, conserving working capital and avoiding cash-devouring down payments, and gaining immediate access to the most up-to-date business tools. The main types of machinery leasing are heavy construction machinery rental, commercial air, rail, and water transportation equipment rental, mining, oil and gas, forestry machinery and equipment rental, office machinery, and equipment rental, and other commercial and industrial machinery and equipment rental. Heavy equipment rental refers to a location where huge pieces of machinery or large vehicles, typically related to construction, can be stored and retrieved for public use, and may also feature extra and related retail activities. The different modes including online, and offline involve various lease types such as closed-ended lease, option to buy the lease, sub-vented lease, and others. The global machinery leasing market is segmented - 1) By Type: Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental 2) By Mode: Online, Offline 3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types The global machinery leasing market size will grow from $372.83 billion in 2022 to $406.76 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of machinery leasing market is expected to grow to $560.72 billion in 2027 at a CAGR of 8.4%. The emergence of start-ups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which is often high-priced, start-ups have started renting or leasing their equipment. The increasing number of start-ups is also expected to positively impact the market. For instance, according to the Department for Promotion of Industry and Internal Trade, the number of start-ups in India reached 16,000 in 2020, depicting new opportunities for the leasing market in client expansion and revenue generation. Major companies in the machinery leasing market report are General Electric Company, United Rentals Inc., Tokyo Century, Berkshire Hathaway Inc., Ashtead Group plc, AerCap Holdings N.V., Fuyo General Lease Co., Ltd., NetJets, Nissan Motor Co Ltd., and Air Lease Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the machinery leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the machinery leasing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy Companies are increasingly leasing 3D printing equipment for manufacturing purposes. The 3D printer is a computer-aided manufacturing device that creates three-dimensional objects by receiving digital data from a computer as input by building a three-dimensional model out of custom material. 3D printing is gaining popularity as manufacturers are becoming more familiar with industrial-grade 3D printers. Industrial-grade 3D printers are capable of printing large products with high precision and with a wide range of materials. 3D printer leasing can reduce the overall reduction of cost of the manufacturer rather than buying. For instance, Divide by Zero Technologies offers 3D printers on a lease for customers in India. Asia-Pacific was the largest region in the machinery leasing market in 2022. North America was the second-largest region in the machinery leasing market share. The regions covered in the machinery leasing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machinery leasing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The machinery rental market consists of revenues earned by entities that provide capital or investment-type equipment that clients use in their business operations. These establishments typically cater to a business clientele and do not generally operate a retail-like or storefront facility. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machinery leasing market research report is one of a series of new reports from The Business Research Company that provides machinery leasing market statistics, including the machinery leasing industry global market size, regional shares, competitors with a machinery leasing market share, detailed machinery leasing market segments, market trends and opportunities, and any further data you may need to thrive in the machinery leasing industry. This machinery leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Commercial and industrial machinery and equipment repair and maintenance refers to repairing and maintaining industrial machinery and equipment and keeping them running and in good condition. It is the process of maintaining machinery to keep it in good working order. It may include upkeep done as part of a regular schedule or in advance of any type of break or damage. The main types of commercial and industrial machinery and equipment repair and maintenance are commercial machinery repair and maintenance, and industrial machinery repair and maintenance. Commercial machinery repair and maintenance refer to the maintenance of commercial machinery. The various applications include agriculture, construction, packaging, food processing, mining, semiconductor manufacturing, and others. The global commercial and industrial machinery and equipment repair and maintenance market is segmented – 1) By Type: Commercial Machinery Repair and Maintenance, and Industrial Machinery Repair and Maintenance 2) By Application: Agriculture,Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing, Other Applications The global commercial and industrial machinery and equipment repair and maintenance market size will grow from $301.85 billion in 2022 to $326.93 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of commercial and industrial machinery and equipment repair and maintenance is expected to grow from $434.82 billion in 2027 at a CAGR of 7.4%. The growth is mainly due to rapid urbanization and rising economic growth. Rapid urbanization and rising economic growth are expected to propel the growth of commercial and industrial machinery and equipment repair going forward. Urbanization refers to the population shift from a rural area to an urban area. Because of the increase in urbanization and population increase the usage of commercial machinery helps to increase repairs for commercial goods. For instance, according to Uncharted, a US-based company that provides information regarding economic trends, for the year 2020 56.2% of the people living in urban areas are expected to increase to 79% by 2050. Their fore increase in Rapid urbanization and rising economic growth are driving the growth of the commercial and industrial machinery and equipment repair market. Major players in the commercial and industrial machinery and equipment repair and maintenance market include Caterpillar Inc., ABB Group, Deere & Co., CNH Industrial NV, and Linde AG. Strategic collaborations for innovating new products have emerged as a key trend gaining popularity in the commercial and industrial machinery market. Major companies operating in the commercial and industrial machinery market are focused on collaborating with one another to create new technologically advanced products to sustain their position in the market. For instance, in November 2022, The Chemours Company, a US-based chemical company with a Mexico-based commercial and industrial refrigeration equipment technology and manufacturing company, Bohn de Mexico. In accordance with the agreement, Bohn de Mexico will use OpteonTM XL20 (R-454 C), OpteonTM XL40 (R-454 A), and OpteonTM XL10 (R-1234 YF) for its new line of BOHN Ecoflex condensing units. These refrigerants are non-ozone depleting (ODP) and have low global warming potential (GWP). The OpteonTM XL refrigerant line provides very low GWP solutions that are ideal for the new Ecoflex equipment generation from Bohn de Mexico, which offers cutting-edge technological innovations for the best energy efficiency of refrigeration systems and aids the business in achieving its sustainability goals. Asia-Pacific was the largest region in the commercial and industrial machinery and equipment repair and maintenance market in 2022. The regions covered in commercial and industrial machinery and equipment repair maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the commercial and industrial machinery and equipment repair and maintenance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The commercial and industrial machinery and equipment repair and maintenance market includes revenues earned by entities by minimizing costly downtime, and lowering the risk of workplace accidents. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial and industrial machinery and equipment repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides commercial and industrial machinery and equipment repair and maintenance market statistics, including commercial and industrial machinery and equipment repair and maintenance industry global market size, regional shares, competitors with a commercial and industrial machinery and equipment repair and maintenance market share, detailed commercial and industrial machinery and equipment repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the commercial and industrial machinery and equipment repair and maintenance industry. This commercial and industrial machinery and equipment repair and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Silicone refers to a polymer produced from siloxane and used in the manufacturing of lubricants and synthetic rubber. They are characterized by their thermal stability, hydrophobic nature, and physiological inertness. Silicone (except resins) is widely used in the medical industry to manufacture surgical implants and dental impression materials. The main product types of silicone are elastomers, fluids, gels, and other products. Elastomers are polymers that have viscosity and elasticity and therefore are known as viscoelasticity. The silicone products are applied in construction, transportation, electrical and electronics, textiles, personal care and pharmaceuticals, and other applications that are used by industrial, electronics, machinery, aerospace, and medical sectors. The global silicone market is segmented - 1) By Product Type: Elastomers, Fluids, Gels, Other Product Types 2) By Application: Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals, Other Applications 3) By End Userr: Industrial, Electronics, Machinery, Aerospace, Medical The global silicone market size will grow from $18.31 billion in 2022 to $20.75 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global silicone is expected to grow from $38.18 billion in 2027 at a CAGR of 16.5%. Rising demand for silicone in different industries is expected to propel the silicone market. Silicone materials are being extensively used in industries such as construction, transportation, electrical & electronics, textiles, personal care, and pharmaceuticals. Silicone materials such as silicone sealants, adhesives, and coatings have major applications in construction. Also, in the electronics sector, silicon is used to provide high thermal stability and resistance to weathering, ozone, moisture, and UV radiation in electronic products. Major players in the silicone market are Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, and Gelest Inc. Rising prices of raw materials, adding to the manufacturing costs, are expected to restrain the growth of the silicone market. The low availability of raw silicone resulting from the shutting down of the manufacturing facilities is considered to be an important factor affecting the prices of silicone materials. The shutdown of silicone production facilities in Germany, the USA, and China due to different environmental factors and government sustainability policies has disrupted the supply of silicone in recent years. This has increased pressure on the manufacturers to raise the prices of silicone materials. For instance, companies such as Wacker Chemie AG, Elkem Silicones, Shin-Etsu Chemical Co., and Momentive Performance Materials Inc. increased silicone elastomer prices by 10% to 30% due to an increase in raw material and energy costs. Therefore, fluctuations in the prices of raw materials are expected to hamper the silicone market growth. The increasing demand for green chemicals is driving the growth of the silicone market. The silicone market is positively affected by the increasing stress on the use of environmentally friendly materials. Silicone products are regarded as environmentally friendly and more durable than plastic products. For instance, in May 2020, SK Global Chemical, a Korean chemicals company announced that it will produce 70% of its products green by 2025 from 20% of its green products currently. Thus, the increasing demand for green chemicals will drive the growth of the silicone market. In October 2021, Rogers Corporation, a US-based specialty engineered materials company acquired Silicone Engineering Ltd for an undisclosed sum. The acquisition enhances the existing advanced silicones platform of Rogers and enables it to offer advanced solutions to its customers with European Center of Excellence. Silicone Engineering Ltd is a UK-based producer of silicone material solutions. Asia-Pacific was the largest region in the silicone market. North America was the second-largest region in the silicone market report. The regions covered in the silicone analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the silicone market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The market consists of the sales of emulsion, oil, caulk, grease, resin, foam, and solid silicones. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The silicone market research report is one of a series of new reports from The Business Research Company that provides silicone market statistics, including silicone industry global market size, regional shares, competitors with a silicone market share, detailed silicone segments, market trends and opportunities, and any further data you may need to thrive in the silicone industry. This silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.