COVID-19 Impact Review: What to Expect from Ultrasonic Displacement Sensor Industry in 2020?

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According to a recent report published by Research Dive, titled, "Ultrasonic Displacement Sensor Market by Type, Component, Transducer Type, and End-users: Global Opportunity Analysis and Industry Forecast, 2019-2025," the global Ultrasonic Displacement Sensor market size was valued at $ 2,627.65 Million in 2018, and is projected to reach $ 4,736.67 Million by 2025, registering a CAGR of 8.86% from 2019 to 2025. North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global Ultrasonic Displacement Sensor market share in 2018, whereas Canada is expected to grow at a significant rate in the U.S. during the forecast period. Ultrasonic displacement sensors are basically used to detect objects and measure distance in industrial applications in which versatility and reliability are the key factors. For instance, Pepperl+Fuchs offers a wide variety of ultrasonic sensors which feature benefits such as large measuring ranges of up ...
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COVID-19 Impact: Why IGBT-Based Power Semiconductor Market Is Catching on Faster in Automotive Industry?

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According to a study conducted by Research Dive, the global Insulated-Gate Bipolar Transistor (IGBT)-Based Power Semiconductor market forecast size is expected to reach $20,103.1 million by the end of 2026, registering 17.6% CAGR over the forecast period.

The rise in the usage of renewable energy such as hydro, solar, and tidal energies due to the deteriorating climatic conditions and increasing technological advancements in the developed and developing economies globally are expected to boost the global IGBT market. IGBTsare widely used in high and medium-power applications such as switched-mode power supplies, induction heating and traction motor control. IGBT modules basically consist of multiple devices in parallel and have the capability to handle high current competencies and hundreds of amperes along withblocking the voltages upto 6500 V.

Moreover, the increasing prices, the rising demand for integrated circuits(ICs), and the capability that the integrated circuits have to replace power semiconductors are expected to hinder the IGBT-Based power semicondutors market in the near future.

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The global IGBT-Based Power Semiconductor market is analyzed on the basis of type into discrete, module and power IC’s. Among these, the modules market segment is expected to drive the IGBT-Based Power Semiconductors market growth accounting for $7,938.1 million by 2026, growing at CAGR of 18.4% during the forecasted period. 

This dominance is mainly attributed to the rising electronic components market in the automobile industry, and the growing demand for portable electronic products and telecommunication sectors are some of the key factors driving the IGBT-Based Power Semiconductors Market. 

On the basis of application, the global IGBT-based power semiconductors market is categorized into consumer electronics, industrial technology, energy sector, aerospace, automotive and others. Among these, the market for consumer electronics held the largest market share in 2018 valued for $1,517.1 million. Industrial technology is 

expected to dominate the IGBT-Based Power Semiconductors Market during the forecasted period due to the, integration of IGBTs in various industries to control high voltage current is boosting the market growth. The automotive end-use industry is one of the key potential areas for rectifiers, TVs, MOSFETs, Zener diodes and switching Schottky, optoelectronics and ESD protection. IGBTs are widely used in ignition coil driver circuits.

The global IGBT-Based Power Semiconductor market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the largest market value in 2018 accounting for $1,868.5 million and is anticipated to reach $6,654.1 million by 2026, growing at a CAGR of 17.2% during the forecast period. Asia-Pacific region is anticipated to continue its dominance during the projected time frame; this dominance is majorly due to swift growth in the demand for consumer electronics and growing concentration over renewable energy resources in this region. The market for Europe region is anticipated to grow at a swift rate during the projected time frame. Europe market is predicted to reach $1,247.4 million by 2026, growing at a CAGR of 18.4%.

View out Trending Reports with the Impact of COVID-19: https://www.researchdive.com/covid-19-insights

Top gaining participants of global IGBT-Based Power Semiconductor market are Mitsubishi, Fuji Electric,Infineon Technologies, ON Semiconductors, Semikron, Texas Instruments Incorporated, Fairchild Semiconductors, STMicroelectronics, Toshiba and IXYS among many others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain majority of the market share in the overall IGBT-Based Power Semiconductor industry.

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