Aircraft Leasing Market Size, Share, Growth, Analysis Forecast to 2023

Industry Highlights:

Aircraft leasing is a technique where the airline companies procure the aircraft on lease from leasing airlines companies and other aircraft operators. Over the last few years, several airlines companies have switched to aircraft leasing for their operations to reduce the financial burden and to increase the number of aircrafts. Owing to this, the market for aircraft lessor has grown significantly. Aircraft leasing is mainly of two types: wet leasing and dry leasing. However, wet leasing aircraft are procure for shorter period of time, whereas, dry leasing is used for longer leasing period. The major buyers of the aircraft leasing are the big airlines, financial investors and others. However, these buyers mainly go for the OEMs or from the leasing companies.

As per MRFR analysis, the Aircraft Leasing Market is expected to witness a remarkable growth during the forecast period as several companies are opting for leasing of aircraft. The global aircraft leasing market is expected to reach USD 134.6 billion by 2023 with a growing CAGR of 6.78%. Major influencing factors that have driven the global aircraft leasing market are the dominance of Irish and Chinese companies. Ireland is one if the major hub for aircraft leasing which has consumed around half of the market share of the global market. As a result, Europe has become the major revenue generator for the global market. Additionally, the rising demand for wet leasing market is also driving the market as several new airlines companies are coming into the market. Subsequently, the execution VAT on aircraft leasing has also boost up the market. On the other hand, the rising pricing of crude oil and complicated and unclear leasing regulations and taxation policies could affect the market growth of aircraft leasing market.

The prominent players in the aircraft leasing market include AerCap, Air Lease Corporation, BOC Aviation, GECAS, BBAM, CIT Commercial Air, Aviation Capital Group, Boeing Capital Corporation, SAAB Aircraft Leasing, International Lease Finance Corporation and among others.

For the purpose of this study, MRFR has segmented the global aircraft leasing market into leasing type, aircraft type and region. On the basis of leasing type, the market has been divided into wet leasing and dry leasing. Wet leasing is dominating the global aircraft leasing market by type as several companies are opting for wet leasing as it comes with a shorter leasing period as compared to dry leasing. Whereas on the basis of aircraft leasing, the market has been divided into wide body aircraft and narrow body aircraft. Among these aircrafts, wide body aircraft consumed the largest market share in terms of value.

Geographically, the market has been divided into for major regions such as North America, Asia-Pacific, Europe and Rest of the World. Among these regions, Europe has come up as the leading region in terms of revenue. Presence of Irish companies and increasing attraction of other companies to start operations in Ireland is one of the major growing factors. However, Asia-Pacific is the second and fastest growing region followed by North America.

The report for Global Aircraft Leasing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Satellite Propulsion System Industry – Analysis and Forecast by 2023

Industry Highlights:

Advent of low cost satellites and development of reusable space launch vehicles are some of the major factors driving the growth of the market. The usage of new-generation and reusable launch vehicles is paving the way for another successful and cost-effective makeover of the domain of satellite systems. In the recent years, a number of the countries are focused on innovative, cost-effective satellite launches.

In addition, satellite launches are mostly done using expendable launch vehicles (ELV) that carry a payload to the orbit and can be used only once. The majority of the satellite launch cost comes from building the rocket, which gets used for a single mission. However, instead of an ELV, a reusable space launch vehicle can substantially reduce the cost of access to space, if the rockets could be effectively used for multiple missions, similar to that of airplanes. Companies such as SpaceX have been working to develop such reusable space launch vehicles that can re-enter the earth without burning and return to the launch pad for a vertical landing.

Also, rapid deployment of Cubesats is one of the newest trends of the market. With the growing demand for nano and microsatellite, it is expected that the manufacturing base of satellites will widen to various regions of the world. Many of the developing nations have also shown a keen interest in the utilization of satellites such as CubeSats (U-class spacecraft). These satellites use enhanced electro-optical/infrared (EO/IR) sensor systems to obtain images of Earth. Earth Observation (EO) from such nano satellite platforms will revolutionize the scope of the EO/IR sensors. These satellites are majorly accelerated using all-electric propulsion systems, which widen their mission capabilities, reduce their weight, and lessen their launch costs.

Aerojet Rocketdyne (U.S.), Airbus Defense and Space (France), Bellatrix Aerospace (India), Boeing (U.S.), OHB System AG (Germany), Safran S.A. (France), Ball Aerospace & Technologies Corp. (U.S.), Mitsubishi Electric Corporation (Japan), Orbital ATK Inc. (U.S.) and Thales Group (France) are some of the leading players operating in the global satellite propulsion system market.

As of 2016, North America dominated the global Satellite Propulsion System Market, with U.S accounted for the largest share. The countries in the region have advanced infrastructures and are involved in various space programs. Companies, such as National Aeronautics and Space Administration (NASA) and SpaceX, in the U.S., are developing new systems (such as the reusable satellite launch vehicle) that can be used for multiple satellite launch missions and to meet the growing demand for satellites in the future.

On the basis of propulsion type, the global satellite propulsion system market is segmented as chemical propulsion, hybrid propulsion and all-electric propulsion. Chemical propulsion accounted for the largest share in 2016. Chemical propulsion systems are the traditionally used propulsion systems. They carry a substantial amount of fuel for the satellite missions, which is not possible in the case of nano and microsatellite designs.

Scope of the Report

This study provides an overview of the global satellite propulsion system market, tracking one market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global satellite propulsion system market by its propulsion type and region.

Continued…..

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Submarine Market: Key Driver, Top Vendors, Application Analysis and Outlook

Industry Highlights:

The global submarine market is expected to witness high growth over the forecast period. The market is majorly driven by the increasing demand for UUV’s for naval intelligence; mine countermeasures (MCM) operations; intelligence, surveillance, and reconnaissance roles; and anti-submarine warfare missions. Many countries are modernizing their naval defense units by manufacturing submarines, surface- mine countermeasure unmanned underwater vehicles, and other combat and tactical UUVs, which is driving the growth of the global submarine market.

However, the growth of this market will be hampered, due to the costs associated with refit & maintenance and proliferation of nuclear weapons.

The global Submarine Market is projected to grow at ~4% CAGR during the forecast period.

Of all types, the SSN segment is projected to account for the largest market share. Unlike the SSKs, these submarines do not have to surface periodically for air, which preserves their stealth characteristic. Such advantages will drive the demand for SSNs globally during the forecast period. Although many countries refuse to accept nuclear-powered vessels, due to the nuclear Non-Proliferation Treaty (NPT), SSNs have a high demand due to their advantages (longer endurance, higher speeds, and better efficiency) over the traditionally powered SSKs.

Of all regions, the Asia-Pacific region is expected to dominate the global Submarine Market. With the increasing defense budgets and spending, defense authorities of all the nations of the region extensively invest into submarines and other underwater vehicles. The rapid modernization of China’s submarine fleet has also impelled the demand in countries such as India, Japan, Taiwan, Australia, and Vietnam. The growth is significantly driven by major countries such as China, India, Australia, and South Korea, due to the rising number of maritime conflicts in the Indian Ocean and the South China Sea. As a result, these countries are developing their naval capabilities.

The key players of global submarine market include BAE Systems AB (U.K.), Daewoo Shipbuilding & Marine Engineering Co., Ltd (South Korea), General Dynamics Electric Boat (U.S.), Huntington Ingalls Industries (U.S.), Kawasaki Heavy Industries Ltd. (Japan), Fincantieri – Cantieri Navali Italiani S.p.A. (Italy), Lockheed Martin (U.S.), Mitsubishi Heavy Industries, Ltd. (Japan), Saab group (Sweden) and Thales Group (France).

Scope of the report

This study provides an overview of the global submarine market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Submarine market by its type and region.

Moreover, regional disputes between nations such as India and Pakistan or China and Japan have triggered the demand for nuclear submarines. Globally, many nations are modernizing their fleets due to their unstable security situations. Submarines are used for electronic warfare and as force multipliers; command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems; target recognition systems; and damage-assessment systems.

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Laser Defense Eyewear Market Analysis and Opportunity 2017 to 2023

Industry Highlights:

War fighting and protection of civilians can be made more effective by employing superior strategies coupled with ingenious tactics and modern technologies. Military operations of most countries rely significantly on their advanced weapons, making them essential elements of current and future military operational plans. Although these advancements enhance combat effectiveness, the success of a military campaign still hinges upon the proficiency and defense strategies of the armed troops.

As a result, there has been continued focus on the protection of armed forces, homeland security forces, and law enforcement officers from bullets, explosive materials, laser strikes, mines, and UV rays. The growing violence and the increasing number of extremist threats and attacks have elevated the demand for advanced personal protective equipment. To achieve this objective, a number of companies are integrating LPE with the comprehensive protective headgear to make it more effective, both cost-wise and operationally.

The emergence of advanced battlefield technologies has changed the Defense Industry Warfare Systems. With the emergence of DEW (directed-energy weapons), which pose a threat to the public health and safety, there have been simultaneous developments of LPEs to counter the laser strikes. However, traditional LPEs are vulnerable during night-time, where the glasses fail to respond to the incoming laser rays. Consequently, the pilots and the police are the general victims of such attacks. Thus, introduction of day-and-night use LPEs, is expected to be the newest market trend.

Gentex Corporation (U.S.), Honeywell (U.S.), ESS Eye Pro (U.S.), NoIR LaserShields (U.S.), Laser Safety Industries (U.S.), Metamaterial Technologies Inc. (MTI) (Canada), PerriQuest Defense Research Enterprises (U.S.), Revision Military (U.S.) and others are some of the leading players operating in the global laser defense eyewear market.

As of 2016, North America dominated the global Laser Defense Eyewear Market, while U.S accounted for the largest share. The U.S government in 2008 launched the Military Combat Eye Protection (MCEP) program that validates and authorizes the use of protective eyewear devices for military personnel. The glasses sanctioned for use by soldiers, are listed in the Authorized Protective Eyewear List (APEL), and they render protection in various conditions against different types of threats ranging between eye injuries, ballistic projectiles, fragmented munitions and dust & sand, plus ultraviolet light and laser beams.

Laser defense eyewear is used to protect the eyes from damage caused by visible and invisible wavelengths of laser beams. It can be similar to general goggles or lenses that are incorporated into a protective eyewear. LPEs are required for intra-beam viewing of lasers, even for the laser lights with low power. These LPEs filter out the uni-frequency laser rays and prevent eye damage. The global laser defense eyewear market is expected to grow at approximately 5% CAGR, during the forecast period.

Scope of the Report

This study provides an overview of the global laser defense eyewear market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global laser defense eyewear market by its application and region.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Commercial Aircraft Actuation System Market Analysis and Opportunity 2017 to 2023

Industry Highlights:

The global commercial aircraft actuation system market has been experiencing substantial growth in recent years primarily due to growing air travel in developing nations. Of late, the emergence of auto pilot systems is also gaining traction. Autopilots are the best safety aid when flying in the clouds, low visibility, or in congested airspace. According to the Federal Aviation Administration (FAA) norms, an autopilot system is a mandate when a single pilot is operating the aircraft. FAA certifies the current technology autopilots at low cost. The integration of digital display systems and technologies, such as the autopilot system and FMS, in the cockpits of the aircraft, relieve the pilots of their workloads and assures availability of essential flight information. To enhance safety, the organization encourages the development and installation of autopilots in the aircraft. As a result, autopilot manufacturers are investing in the creation of new digital smart autopilots that is compatible with a variety of aircraft without additional certifications bearing high costs.

Automation enhances flight operational safety and efficiency, which is especially critical for commercial airlines. It aims to cut down operating costs for greater profits. In 2014, a survey of airline pilots was conducted, which reported that the pilots operating the Boeing 777 military transport spent just seven minutes manually piloting their aircraft during a flight, whereas only half the time was required for those operating Airbus planes.

Tremendous progress in the aviation industry with the development of the More Electric Aircraft (MEA), such as the Boeing 787 Dreamliner, Airbus A380, and Lockheed F35 airplanes was seen in last 15 years. In these aircraft, the pneumatic or hydraulic actuation systems have been replaced by the electric actuators, which make the aircraft lighter in weight and reduce fuel consumption. In addition, Airbus plans to develop 100 passenger electric aircraft during the forecast period. Therefore, thermal challenges of MEA can hinder the market growth.

The major player operating in the market is Honeywell, Parker Aerospace, UTC Aerospace Systems, Eaton Corporation Plc, Liebherr, Moog, Curtiss Wright, Saab AB, Woodward Inc., and Triumph Group Inc.

In 2016, North America accounted for the largest share in global Commercial Aircraft Actuation System Market. A number of the major actuation system OEMs are present in the region, resulting in a high market share of the region. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.

Based on aircraft type, it is segmented as narrow body aircraft, wide body aircraft and others. Narrow-body aircraft accounted for the largest share in 2016. Although these aircrafts have lesser capacity than the wide-body aircraft, they are larger in number. Some major narrow-body aircraft are Airbus A318, A319, A320, and A321; the Boeing B727s, and B737s. These planes generally fly over short routes, and are, thus suited to cater to budget travelers. As of 2016, there were over 15,000 narrow-body planes, across the globe, which would be replaced by approximately 12,000 such planes by 2035. Concurrently, there has been a rise in the number of low-cost carriers in the recent years, which has propelled the market for narrow-body planes, globally.

Scope of the Report

This study provides an overview of the global commercial aircraft actuation systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global commercial aircraft actuation systems market by its type, by aircraft type and region.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Set-Top Box Market is expected to reach at USD 31 Billion by 2023

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Market Highlights

The study reveals that set-top box is trending in North America region. With the growth of hybrid boxes which is driving by the increasing demand of over-the-top content services by the users. In 2017, Sagemcom Group and Telecable had launched android TV 4K set-top box for Telecable tedi service which is latest cutting-edge technologies and enables access over hundred TV channels. The companies are investing in manufacturing the set top box due to its low cost and generating high revenue in entertainment and gaming services. In 2017, Sumitomo Electric Industries, Ltd. has released Hybrid 4K Set-Top Box with Android TV Built-in which is improving the customers experience in movies, music, games, and community information.

In North America region, the set-top box demand is growing with huge demand among various users including commercial use, residential use and others. The prominent companies such as Apple Inc. (U.S), Google Inc. (U.S), Arris International Plc. (U.S), EchoStar Corporation (U.S), are manufacturing set-top box that can improve the performance at reduced cost. Due to the changing market trends & emerging opportunities, set-top box market is estimated to grow with huge demand in the market.

Major key Players

Huawei Technologies Co. Ltd. (China),

Apple Inc. (U.S),

Google Inc. (U.S),

Samsung Group (South Korea),

Arris International Plc. (U.S),

EchoStar Corporation (U.S),

Humax (U.K),

Sagemcom (France),

Technicolor SA (France),

Skyworth Digital (China)

The global Set-Top Box Market is growing rapidly over 6% of CAGR and is expected to reach at USD 31 Billion by the end of forecast period.

Market Segmentation

The global set-top box market is bifurcated on the basis of types, content resolutions, application, and region. The types are segmented into cable, satellite, digital terrestrial television, internet protocol, over-the-top content and others. The application are segmented into secure digital (SD), high definition (HD), 4K and others. The end users are segmented residential use, commercial use and others. The region includes North America, Europe, Asia Pacific and rest of the world.

Market Research Analysis:

On geographic basis, global set-top box market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the set-top box market. The set-top box are gaining huge demand due increasing demand of IPTV which is appealing the hybrid set top box market. In this market, Europe is to be estimated to be the second largest market share for set-top box during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.

Intended Audience

  • Set-top box companies
  • Set-top box providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Data Center Infrastructure Market To Grow At A CAGR Of 42%

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Market Highlights

The study reveals that data center infrastructure is trending in North America region. The increasing demand of cloud in data center infrastructure has boosted the market growth as the private cloud infrastructure is growing with huge demand followed by public cloud. The companies are investing in providing data center infrastructure solution due to its huge demand among the organizations. The data center infrastructure is facilitating the delivery of more automated business service of the companies.

In North America region, the Increasing use of cloud computing is driving the market growth of data center infrastructure to the large extent. The data center infrastructure demand are growing as the prominent companies such as International Business Machines Corporation (US), Oracle Corporation (US), Hewlett Packard Enterprise (U.S), Dell EMC. (U.S), Microsoft Corporation (U.S), are providing data center infrastructure solution. The data center infrastructure provides assurance of timely data availability with maximum security.

Major key Players

Hewlett Packard Enterprise (U.S),

Dell EMC. (U.S),

Cisco Systems, Inc. (U.S),

Microsoft Corporation (U.S),

International Business Machines Corporation (U.S),

VMware, Inc. (U.S),

Lenovo Group Ltd. (U.S),

Oracle Corporation (U.S),

NetApp, Inc. (U.S),

Huawei Technologies Co. Ltd. (China),

The global Data Center Infrastructure Market is growing rapidly over 42% of CAGR and is expected to reach at USD  49 Billion by the end of forecast period.

Market Segmentation

The global data center infrastructure market are bifurcated on the basis of component, user type, deployment, verticals and region. The components are segmented into hardware, software, solution, service (servers, storage, storage area network switches, routers, ethernet switches, network security, and virtualization software). The user type is segmented into small and medium-sized enterprises, large-scale enterprises. The deployment is segmented into on cloud, on premises. The verticals are segmented BFSI, IT & telecom, retail, healthcare and others. The region includes North America, Europe, Asia Pacific and rest of the world.

Market Research Analysis:

On geographic basis, global data center infrastructure market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the data center infrastructure market. The data center infrastructure are gaining huge demand as it helps in quickly and effectively access servers, network devices, and others. In this market, Europe is to be estimated to be the second largest market share for data center infrastructure during the forecast period. Asia Pacific is expected to forecast the highest CAGR in the coming years.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Industrial Automation Services Market to Significant Growth Foreseen by 2023

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Market Highlights

The global industrial automation services market is projected to witness a rapid growth during the forecast period owing high growth opportunities in emerging economies and rising adoption of automation techniques. Moreover, increasing demand for industrial automation services across various industry verticals such automation and transportation, metals and mining, oil and gas, energy and power system, chemical, material and food is likely to boost the market growth.

Industrial automation services refer to methods used for controlling industrial process automatically by means of electronically controlled systems.

Siemens AG is one the prominent players in the industrial automation services market. It offers automation services to various industrial verticals such as building technologies, energy and power, healthcare and others. Furthermore, it offers services such as maintenance of automation system, industrial communication, industry software, power supplies, and process automation.

Major factors driving the industrial automation services market include demand for operational efficiency, rapidly growing SMES, emerging technology such as Internet of Things(IoT) and cloud-based automation, growing demand for smart factories, mass customization, supply chain synchronization, integration of systems, advancement in the M2M communication technology. However, factors such as lack of trained professions and high installation and maintenance cost msy slow the market growth.

Major Key Players

Siemens AG (German)

Honeywell International Inc.,(U.S.)

General Electric Company (U.S.)

Mitsubishi Electric(Japan)

Rockwell Automation(U.S.)

Johnson Controls Inc.(U.S.)

Samsung Electronics Co., Ltd. (South Korea)

Schneider Electric (France)

Yokogawa Electric Corporation(Japan)

OMRON Corporation (Japan)

Danaher Corporation (U.S.)

The Global Industrial Automation Services Market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.

Industrial Automation Services Market Segmentation:

The global industrial automation services market is segmented on the basis of solution, service, and end user. The end user segment is classified into automation and transportation, metals and mining, oil and gas, energy and power system, chemical, material and food. The demand for the product is increasing from the environment and building technologies, heavy industries, and other segments. The energy and power systems are one of the major factors driving the demand for the industrial automation industry across globe.

Regional Analysis:

The global industrial automation services market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North American region accounts for the largest share of the market. Asia Pacific is expected to show the highest growth opportunities, prominently, in India and China. Owing to increasing population, manufacturers in the region are using automation systems in their assembling units to improve plant operation and to meet international standards, low cost labor and skilled workforce.

Intended Audience

  • Technology Investors
  • Research/Consultancy firms
  • Technology Solution Providers
  • Government Bodies
  • Original Equipment Manufacturers
  • Consulting and training service providers

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                    

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Advanced Process Control Market to Witness Exponential Growth by 2023

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Market Highlights:

Advanced Process Control (APC) is a proven control and optimization technology delivering measurable and sustainable improvements in production yield, coupled with the added value of energy savings. With APC, complex situations can be mathematically described with process parameters or variables and used for automatic and flexible plant operation. It provides process management that can significantly reduce the consumption of energy and raw materials consistently maintain high quality standards and contribute to more flexible production.

Advanced process control (APC) systems are a set of excellent control and optimization products, which are fully integrated into a uniquely powerful collection that meet the requirements of every application, from a small-scale single-unit plant to a large-scale multi-unit facility. It enables the organization to increase the efficiency, productivity, and to reduce the downtime of the industry.

Rising demand for energy efficient production process, safety and security, and demand for a software systems, which can predict the failure at the component level are driving the advanced process control market.

Major Key Players

ABB Ltd. (Switzerland)

Aspen Technology, Inc. (U.S.)

Emerson Electric Co.  (U.S.)

General Electric Co. (U.S.)

Honeywell International, Inc. (U.S.)

Rockwell Automation, Inc. (U.S.)

Rudolph Technologies, Inc. (U.S.)

Schneider Electric SE (France)

Siemens AG (Germany)

The Global Advanced Process Control Market is expected to grow at a CAGR of 11% during the forecast period.

Regional Analysis

The competitive landscape of global advanced process control market is formed by major players of the market. The automated process control has driven many areas like oil & gas, power, pharmaceuticals, food & beverages, chemical, and others. North America leads the market for global advanced process control. ABB Group (U.S.) a leader in automation and robotics recently won an order to provide overall process control to SCA’s Ostrand Pulp mill expansion. The aim of the project is to double the production capacity of bleached softwood Kraft pulp. Valmet’s (Finland) APC application has improved combustion for the biomass boiler at West Rock’s Covington mill in Virginia, USA. By optimizing combustion, the mill has been able to maximize and increase the main steam output of the biomass boiler beyond the maximum continuous rating (MCR). Other benefits include more stable and controlled boiler steam output as well as improved operational uniformity across shifts, furnace symmetry, and spray valve control.

The global advanced process control market is segmented on the basis of type, revenue source, application, and region. On the basis of the type the segment is further classified into advanced regulatory control, multivariable predictive control, inferential control, sequential control, and compressor control. On the basis of revenue source the segment is further divided into software and services. APC caters wide area of applications like oil & gas, power, pharmaceuticals, food & beverages, chemical, and others.

By Type

  • Advanced Regulatory Control
  • Multivariable Model Predictive Control
  • Inferential Control
  • Sequential Control
  • Compressor Control

By Revenue Source

  • Software
  • Services

By Application

  • Oil & gas
  • Petrochemicals
  • Pharmaceuticals
  • Power
  • Food & Beverages
  • Chemicals
  • Others

By Region

  • North America
  • Europe
  • Asia pacific
  • Rest of the world

Intended Audience

  • Software Developers
  • IT Enablers
  • Industries
  • Testing

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Smart Lock Market is expected to reach at USD 2 Billion by 2023

marketresearchfuture

Market Highlights

The study reveals that North America region dominates the smart lock market. Innovation in technology and biometric smart lock technologies with fingerprint technology for smart homes are boosting the demand for smart locks in the market. These locks are embedded with sensors that are used for security purposes. There are a number of smart lock screen security options in the market with different operating system such as android, windows and others.

Due to Emergence of internet of things and implementation of advanced technology are the driving factors of the growth of smart locks market. The advanced technologies such as near-field communication, Bluetooth, ZigBee, and others, help in synchronizing with smart locks at any time. With the increasing demand of cloud services, the market growth is also experiencing the upsurge. With these cloud services, the wireless cloud based smart lock technology are widely used in all sizes of companies.

The global smart lock market is segmented into lock type, products type, communication protocol, end user, and region. The locks type is segmented into deadbolt, lever handles, padlocks and others. The products type are segmented into Bluetooth-based smart lock, Wi-Fi-based smart lock and others. The communication protocol are segmented Bluetooth, WI -Fi, ZigBee, Z-Wave, Thread, NFC, and others. The end users are segmented into commercial, residential, institution & government, industrial and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

Major Key Players

The Assa Abloy Group (Sweden),

Allegion Plc (Ireland),

Dormakaba Holding AG (Switzerland),

Spectrum Brands Holdings, Inc. (U.S.),

Salto Systems S.L. (Spain),

Onity Inc. (U.S.),

Cansec Systems Ltd. (Canada),

Master Lock (U.S.),

August, Inc. (U.S.),

Kwikset (U.S.),

Haven Holidays (U.K),

The Global Smart Lock Market is expected to reach USD ~ 2 billion at a CAGR of over 11% by the end of the forecast period.

The North America region is experiencing higher demand from various sectors such as commercial, residential, institution & government, industrial and others. The prominent companies such as Spectrum Brands Holdings, Inc. (U.S), Onity Inc. (U.S.), Master Lock (U.S.), August, Inc. (U.S.), Kwikset (U.S.), are providing smart lock solutions to safety systems. The advanced RFID technology is integrated with fingerprint sensor or even face detection sensors are boosting the smart lock market growth and is estimated to grow rapidly with a huge demand in the market. These RFID based smart locks are integrated with a small chip and induction loop in which the transmitter on the keycard reader can be access and controlled.

Intended Audience

  • Smart lock companies
  • Smart lock providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                    

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com