Revolutionize Operations of Industries
The integration of electronics, robotics and computer science is anticipated to contribute to growing technological advancements in the domain of claytronics. These advancements are one of the key drivers behind the growth of the market owing to their ability to revolutionize the future operations of all the industries and provide customized solutions across various industry verticals.
Ability to Replicate Humans
The ability of claytronics to replace human for the purpose of performing the actual work in various industries such as healthcare, disaster relief work, education, entertainment, defense and others is anticipated to expand the opportunities and applications of claytronics across the world. Moreover, visual realization creates new prospects for the expansion of the claytronics market. These are some of the notable factors that are predicted to boost the growth of the market over the forecast period.
Emerging Complex Technology
Emerging standardization and complexity in fabrication of claytronics technology is estimated to slow down the growth of the claytronics industry around the globe. These factors combined with requirement of high investment and enormous computer power in research and development of claytronic are anticipated to restrain the growth of the market during the forecast period.
Claytronics market is anticipated to witness significant opportunities and is estimated to progress at an accelerating rate over the forecast period, i.e., 2019-2027. The market is segmented by application into consumer products, disaster relief, entertainment, hotels, medical, robotics, virtual meetings and 3d physical modeling, out of which, 3d physical modeling is estimated to hold the largest share on account of its ability replace 3D computer models, which implies it is estimated to owe a feature that allows the user to work on the replicated model than on the computer using the software tools. On the basis on catom type, it is segmented into electrostatic catoms, giant helium catoms, millimeter scale catoms, planer catoms, and stochastic catoms, out of which, giant helium catoms are anticipated to hold the largest share on account of its ability to offer scientists a comprehensive mechanism to study and innovate. On the basis of industry type, the market is segmented into aerospace & defense, automotive industry, entertainment, healthcare, robotics and others wherein all the industries are expected to modernize with breakthrough innovations and applications. On the basis of service type, it is segmented into hardware and software, out of which, hardware is likely to hold the major share in the claytronics market owing to its ability to transform one object into another object when programmed. DOWNLOAD SAMPLE REPORT HERE
Our in-depth analysis of the claytronics market includes the following segments:
By Catom Type
By Industry Type
By Service Type
On the basis of the regional analysis, the claytronics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is anticipated to hold the largest market share over the forecast period on the back increase in investment and growing research and development in the field of claytronics. The claytronics market in Europe is anticipated to grow at an incremental rate on account of increasing investment and advancements in the field of artificial intelligence to support innovation in claytronics technology in the region. Furthermore, the market in Asia Pacific is projected witness growth owing to increased investigation of claytronics technology in the emerging economies of the region.
The claytronics market is further classified on the basis of region as follows:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh