M2M Services Market overview, Trends and Forecast to 2025

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The global M2M services market is featured by the dominance of some of the large telecom companies that have global presence, says a recent market publication by Transparency Market Research (TMR). Some of the prominent names in the global M2M services market are AT&T, Deutsche Telekom AG, Gemalto NV, PTC, Ericsson AB, EE Limited, Sprint.com, Aeris Communications Inc., PTC, Verizon Wireless, and Oracle.

Keen players in the market are investing heavily in research and development to acquire advanced communication technologies and are resorting to collaborations and partnerships for expanding their outreach. Key players in the market are also seen to tap into opportunities in emerging markets after the revival of the economy post the economic slump of 2008.

As per a report by TMR, the global M2M services market is likely to expand at a phenomenal 27.2% CAGR for the forecast period between 2017 and 2025. At this pace, the market is likely to attain a value of US$83,616.1 mn by the end of the forecast period in 2025 from its evaluated worth of US$9,695.1 mn in 2016.

The segments of the global M2M services market depending upon organization size are large enterprises and small and medium enterprises (SMEs). Of the two, large enterprises held the leading share in 2016 and accounted for the leading revenue contribution to the global M2M services market.

On the basis of industry vertical, consumer electronics led the market in 2016 vis-à-vis revenue. However, the manufacturing segment is expected to display the leading CAGR over the forecast period between 2017 and 2025.

Geography-wise, North America tops amongst other key regional segments in the global M2M services market. Early adoption of new technology generally and the region being home to some of the leading telecom companies are key factors for the supremacy of North America.

Improved Internet Connectivity Ramps M2M Services Demand

The key growth drivers of the global M2M services market include expanded fiber optic cable networks and improved Internet connectivity. M2M communication is carried out over mobile networks that use fiber optic cables for transfer of large amount of data. With significant improvement in Internet connectivity and connection speed over the last couple of years, M2M service providers have the capability to offer advanced and integrated telecom solutions to industrial consumers. Moreover, cloud solutions provided by M2M service providers can be used over a number of a devices and can help transfer large amount of data.

Apart from this, significant drop in operational costs involved with M2M services due to improved wireless connectivity speed are adding the growth of M2M services market.

Huge investments by telecom companies for development of fiber optic networks is also fuelling growth of M2M services market. For example, India based Reliance Industries’ telecom venture Reliance Jio involves hefty investments in fiber optic network. Launched in June 2017, fiber cable network of Reliance Jio has a total length of 25,000 kilometers that connects countries in Asia, Europe, and Africa. Another example of investment in fiber optic network is Google’s 9,000 kilometer long fiber optic cable that connects the U.S. and Japan.

Lastly, the increasing number of connected devices that transfer data using fiber optic networks is expected to boost the global M2M services market in the upcoming years.

Incidents of Cyber-attack leading to Information Theft across Connected Devices Hampers M2M Service Adoption

On the flip side, repercussions of theft of valuable data in the event of a cyber-attack are providing headwinds to the growth of global M2M services market. This is because M2M service connects multiple devices to the back-end IT infrastructure of an organization that results in hacking of information from multiple devices through a single platform.

Nevertheless, players in the market are engaged in designing secure M2M platforms and imparting knowledge among M2M service users about the safe usage of M2M communication technology.

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3D Printing Market Research Study for Forecast Period 2017- 2025

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An up-to-date study by Transparency Market Research (TMR) has detected that the global 3D printing market is distributed among a vast number of large and mid-level vendors, and going forward, the competitive landscape will remain fragmented. However, a few companies do hold a position of strength in the global 3D printing market, such as Stratasys, Ltd., EOS GmbH, and Solidscape, Inc. These three companies accounted for the most prominent chunk of the pie in 2016, staying ahead via strong geographical presence. Some of the other key participants of the 3D printing market identified by the report are: Concept Laser GmbH, Optomec, ExOne GmbH, Voxeljet Technology GmbH, SLM Solutions GmbH, and Arcam AB.

The TMR report projects the demand in the global 3D printing market to increase at a phenomenal CAGR of 18.0% during the forecast period of 2017 to 2025, and estimates it to reach a global valuation of US$32.3 bn by the end of 2025, substantially up from its evaluated worth of US$7.3 bn in 2016. In the near future, as the market for 3D printing is still in emerging stage, the report expects entrance of new players with innovations to further intensify the competition. Another key observation of the report is that the global 3D printing market is heavily dependent on research and development of new techniques that can add value to diverse end-use industries it finds applications in.

The commercial sector serves considerably more demand than personal usage in the global 3D printing market, whereas fuel deposition modeling (FDM) and polyjet are most widely used technology segments. Low cost of FDM in comparison to polyjet is increasing its adoption, especially in the personal use segment. However, polyjet may be expensive but finds strong commercial applications. Application-wise, consumer products and electronics is emerging as a highly profitable category, although the automotive sector is highly profitable too. Geographically, North America is currently the most lucrative region, while Asia Pacific is projected to increment the demand in the global 3D printing market at most robust CAGR during the forecast period.

Benefits over Conventional Methods Driving Demand

3D printing industry has experienced robust growth in the last few years due to its expanding application areas. Increasing awareness about the benefits of using 3D printing over conventional methods of manufacturing is supporting its growth. Furthermore, the ongoing technological advancements, such as incorporation of new materials and surface enhancement of the final model, are expected to expand the application areas of 3D printing thus driving the growth of the 3D printing industry during the forecast period. Ease in the development of customized products, reduction in manufacturing cost, and government investments in 3D printing projects are some of the other factors favoring the prosperity of the global 3D printing market. On the other hand, limited availability and high cost of materials, reduction in manufacturing cost, and the lack of a standard process control are a few restraints faced by the global 3D printing market.

Lack of Efficient Supply Chain Management Obstructing Market Prosperity

As per the author of the report, there are significant potential to enhance manufacturing processes and a glaring requirement for efficient supply chain management. In addition to that, vast untapped market in several end-use industries such as printed electronics, education, jewelry, and automotive will continue to open new opportunities for the vendors, provided they can ensure product quality and limit designing tools.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Photonic Integrated Circuits (ICs) Market Industry Shares, Market Strategies And Key Players

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The high degree of competition between Infinera Corp., Huawei Technologies Co. Ltd., Ciena Corp., and Alcatel-Lucent S.A. characterizes the competitive landscape of the global photonic integrated circuit (IC) market, finds a recent report by Transparency Market Research (TMR).

Owing to this rivalry, new entrants with niche offerings can expect growth opportunities in the form of mergers, acquisitions, and strategic alliances with the market leaders. Going forward, the competition in the market is likely to intensify as the number of participants is expected to increase over the forthcoming years.

Benefits of Photonic Integration in Optical Systems Create Demand for Photonic ICs

“The advent of photonic integration has provided optical systems manufacturers a platform for the miniaturization of these systems in order to expand their application area as well as reduce the manufacturing costs,” an analysts at TMR states. Photonic ICs assist these manufacturers in integrating optical devices such as modulators, lasers, multiplexers, optical amplifiers and various others into a single package, making the overall system compact. This assimilation also leads to a reduced production cost on these devices, owing to which the application of photonic ICs has increased significantly in the recent times.

At the same time, photonic ICs also find extensive application in a wide range of emerging futuristic applications, which is likely to impel their demand considerably over the next few years.

Lack of Digitization Could Interrupt Rising Demand for Photonic ICs

On the other hand, inadequate digitization across the world is expected to hamper the usability of photonic ICs in the years to come. As of now, photonics is still at the analog stage; however, electronics actually utilize them in the digital format with the help of analog transistors. Since the usage of photonics in digital format allows a higher level of integration of various components into a single unit structure, digitization is crucial for photonic integration for a number of product applications.

The complex designs of integrated circuits in large-scale photonic integration are also projected to limit the application of these ICs in the forthcoming years.

North America to Continue to Exhibit Strong Demand for Photonic ICs

North America exhibits a high demand for photonic ICs, states TMR. In 2014, the region accounted for a revenue share of 39% in the overall market. Between 2015 and 2022, the demand for photonic ICs in this region is likely to remain high; however, analysts anticipate Asia Pacific to report the fastest growth rate. The opportunity for photonic IC in North America is projected to rise to US$505.8 mn by 2022, whereas Asia Pacific is estimated to register an exponential CAGR of 26.50% during the period from 2015 to 2022.

Optical communication emerged as the leading application area of photonic ICs in 2014 and is expected to remain the key consumer over the coming years. In the meanwhile, photonic ICs with hybrid integration are anticipated to most demanded ICs based on integration. Indium phosphide-based ICs will lead in terms of demand based on raw materials.

The global photonic ICs market is projected to rise from US$0.2 bn in 2014 to US$1.3 bn by 2022, increasing at a remarkable CAGR of 25.30% between 2015 and 2022.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Key Growth Factors and Industry Analysis 2025 | Thermal Energy Flow Metering Solutions Market

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The growing uptake of thermal energy flow metering solutions has egged savvy companies to extend their product portfolio, worldwide. Besides, players are also focused on product differentiation by adding innovative features to their products. They are designing thermal flow meters that provide exceptional accuracy and repeatability over a wide range of flow rates and can even gauge flow in large pipes. This, coupled with numerous manufacturers in the space, makes the market for thermal energy flow metering solutions highly competitive.

Further, entry of new players is also predicted to heat up competition in the global thermal energy flow metering solutions market in the near future.

Some of the prominent participants in the global thermal energy flow metering solutions market are QMC, ABB Ltd, Elster Water, Siemens, Enercare Connections Inc., Fluid Components LLC, Emerson Electric Co., Kamstrup Group, Sage Metering, Landis+Gyr AG, Shenitech LLC, GE Electric Co., Sierra Instruments Inc., Yokogawa Electric, and Corporation.

According to a report by Transparency Market Research, the global thermal energy flow metering solutions market will likely register a CAGR of 5.9% from 2017 to 2025 to become worth US$4.706 bn by 2025.

Technological Progress Drives Maximum Growth in Asia Pacific Market

The global market for thermal energy flow metering solutions can be segmented based on different parameters. Depending upon type, the global thermal energy flow metering solutions market can be segmented into portable, insertion, and inline. Among them, the portable segment is expected to expand at a healthy clip in the next couple of years.

Depending upon geography, the key segments of the global thermal energy flow metering solutions market are North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Of them, Asia Pacific is slated to clock maximum growth on the back of technological progress and the rising demand for continuous emissions monitoring systems in countries such as Japan, China, and India. Another factor stoking growth in the Asia Pacific market is the industrial sector’s growing demand for better measurement solutions for estimating the total mass flow rate of a fluid.

Onsite Power Generation Initiatives by Nations Drives Market

There are a number of growth drivers in the global thermal energy flow metering solutions market. Thrust by many nations on onsite power generation and solar thermal energy, in order to bring down their annual fossil fuel import and up energy security, have served to stoke demand in the market. In addition, with the concept of sustainable buildings and green building gaining traction, the market growth is getting boosted further. The swift pace of urbanization, worldwide, too is catalyzing growth in the market by driving up demand for proper water supply and the need to monitor it.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Service Robotics Market -Industry Shares, Market Strategies And Key Players

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The global service robotics market has been projected in a market intelligence report published by Transparency Market Research (TMR) to observe the dominance of four leading players, viz. Samsung Techwin Co. Ltd., AB Electrolux, iRobot Corporation, and Panasonic Corporation. These players had secured a substantial share en masse for service robotics in the recent past. According to the analysts, the competitive landscape of the market could revolve around key strategies such as new product development and expansion of business.

As per the numerical findings of the TMR report, the global service robotics market has been expected to expand at an 18.8% CAGR during the forecast timeframe 2015–2021. By the end of the forecast period, the market could attain a valuation of around US$22.50 bn. Professional service robotics has been foreseen to achieve a share of US$14.64 bn by 2021. For the same forecast timeframe, North America could gather pace to progress at a 17.9% CAGR.

In the coming years, the global service robotics market has been forecasted to witness a high focus on the development of intelligent offerings. The main objective of companies to develop intelligent products providing exceptionally innovative solutions could be to satisfy the rising requirement of advanced automation in a range of industries.

Defense Sector to Binge Adopt Service Robotics for Cutting Back Human Casualties

The world service robotics market has been envisaged to gain an unwavering impetus from defense organizations of different countries. With a view to decrease the count of human casualties in the defense sector, governments could take to a greater adoption of robotics in the near future. As both external and internal threats on security take a leap, government bodies across the world have been predicted to seek robotic solutions in cooperation with their defense sector. As a result, there could be a series of successful operations taking place on the part of unmanned aerial vehicles, demining vehicles, and unmanned ground vehicles.

In view of their ability to complete the assigned tasks without the need for human intervention, service robots such as METAL-STORM and TALON have been expected to be frequently employed in the U.S. defense sector. Service robotics could be implemented in a wide gamut of activities, considering the rise of pioneering discoveries in the field of automation.

Exorbitant Funding Required for Research and Development to Subdue Adoption

On the gloomy side, the international service robotics market could be strained by extortionate funding required for the research and development of new products. Companies have been envisioned to hesitate when investing in the development and design of service robots on account of the uncertainty of the time required to commercialize products. Investments in service robotics could also be discouraged owing to the difficulty that consumers face when trying to comprehend the complex interfaces of service robots. Such factors have been projected to sidetrack further development or investment in the market.

Nevertheless, there could be business opportunities taking birth in the international service robotics market with an increasing adoption not only in defense but also other industries such as agriculture and healthcare. One of the reasons for this growth could be the drastic improvement in work efficiency experienced in these sectors with the implementation of service robotics. In healthcare, complex surgeries could be easily carried out with great precision and accuracy with the help of service robotics.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Commercial Refrigeration Equipment Market Recent Analysis of Industry Trends and Technological Improvements For 2022

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commercial refrigeration equipment market to see strong growth as traditional refrigerators are to be replaced by new refrigeration equipment, Asia Pacific leads commercial refrigeration equipment market, increasing international food trade rises commercial refrigeration equipment market

The competition for gaining market share in commercial refrigeration equipment manufacturing is very intense. In 2014, Frigo Glass, Hoshizaki International, Manitowoc Company, Inc., and United Technologies Corporation were the leading manufacturers of commercial refrigeration equipment, with a collective share in value of 21.6%.

A large number of globally prominent players hold almost comparable shares in commercial refrigeration equipment and this locks them all in a highly competitive environment where there are also a large number of regional players.

According to the latest publication by Transparency Market Research, the heavy competition is due to the high dependence of commercial refrigeration equipment manufacturers on commercial alliances within commercial manufacturers of HVAC and regional retail chain operators.

The global market for commercial refrigeration equipment is expected to progress at a CAGR of 9.1% within a forecast period from 2015 to 2022, in terms of revenue. The revenue is expected to reach US$39.44 bn by the end of 2016 and US$66.88 bn by the end of 2022.

APAC Scope for International Food Trade Grows, Spurs Demand for Commercial Refrigeration Equipment

Asia Pacific has not only been the leading region to generate revenue in commercial refrigeration equipment, but also the region showing the leading CAGR of 12.0% from 2015 to 2022. By the end of 2022, Asia Pacific is expected to accrue a revenue of US$29.06 bn in commercial refrigeration equipment.

The transportation product segment for commercial refrigeration equipment is expected to be the leading one in terms of demand. It is expected to progress at a CAGR of 11.2% from 2015 to 2022.

A collective product segment that the report refers to as ‘Others’ is expected to dominate the market in 2022, with a projected revenue generation of US$25.36 bn. This segment comprises cryogenic equipment, liquid chillers, ice machines, refrigerated display cases, egg refrigerators, compressor racks, dairy coolers, and few other lesser used equipment.

Food Trade Soars, Seafood and Horticulture Demand Creates Greater Scope of Commercial Refrigeration Equipment Manufacture

“A combination of growing disposable income in emerging economies and the shift in eating trends towards healthier options is the cause of the high rate of food trade that we are seeing today,” states a TMR analyst. He adds, “The total amount of seafood and processed food consumed across the world has increased greatly over the past years and will continue to do so. This is driving the makers of commercial refrigeration equipment towards producing a larger quantity of high quality goods.

Developed economies are more open to food imports while emerging economies are in a position to export more seafood and processed food, thereby driving the need for more commercial refrigeration equipment.

High energy Consumption of Commercial Refrigeration Equipment Deters Smaller Retailers

A key disadvantage that manufacturers of commercial refrigeration equipment need to get over is high amounts of energy consumed by these units. Increasingly stringent environment protection and energy conservation standards will be a big challenge for these players.

Additionally, they have to face the increasing use of alternative cooling methods, such as temperature-controlled food packs.

“There is still much that can be done by commercial refrigeration equipment manufacturers, such as the introduction of solar powered refrigerators, the use of smart refrigeration tech for remotely monitoring and controlling the equipment, and the very important need to consolidate warehouse chains,” states the TMR analyst.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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5 Key Trends in the Industrial Gas Regulator Market

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Industrial Gas Regulator Market (Gas Type – Inert, Corrosive and Toxic; Regulator Type – Single Stage and Dual Stage; Application – Oil & Gas, Chemical, Steel & Metal Processing, and Food & Beverages) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

In a dynamic global industrial gas regulator market, mergers and acquisitions are a key trend prevalent among key players in the larger oil and gas sector to expand their operations and to garner greater share in the overall market. Consequently, this is making the industry more consolidated and aiding market participants to gain a strong foothold. A case in point is Praxiar Inc. – a leading industrial gas supplier in North and South America. The company merged with the Linde Group together that form a global leader in the industrial gases market.

Further, key players in the oil and gas sector are pouring money into innovation and product development that will help them gain a competitive advantage in the industrial gas regulator market.

Prominent participants to name in the global industrial gas regulator market include Emerson Electric Co., Air Liquide S.A., GCE Group, Praxair Technology Inc., Honeywell Process Solutions, The Linde Group, Air Products and Chemicals Inc., Cavagna Group S.p.A, Rotarex S.A., and Itron Inc.

“A report by Transparency Market Research estimates the global industrial gas regulator market to reach a valuation of US$18,240 mn by the end of 2025, from US$13,783.7 mn in 2016 expanding at a CAGR of 3.11% between 2017 and 2025. Vis-à-vis volume, the global industrial gas regulator market is predicted to reach 313.18 mn units by 2025-end.

The segment of dual type regulator is anticipated to account for a volume share of 31.8% in the overall market by 2025-end. Amongst the key application segments, oil and gas is projected to display a significant CAGR and account for leading revenue share in the market by 2025. Powered by the U.S., North America led amongst key regional markets for industrial gas regulator in 2016 vis-à-vis revenue.

Efforts to Promote Use of Natural Gas as Industrial Fuel Stokes Growth

Growing demand for industrial gases from various industries for power generation and for operations of industrial units is primarily driving the industrial gas regulator market. Several governments across the world are championing the use of natural gas in place of fossil fuels for power generation in order to curb CO2 emissions. This is greatly influencing the industrial gas regulator market.

Apart from this, advancement in automobile technology leading to the development of automobiles that run on liquefied natural gas is also stoking growth of industrial gas regulator market.

Further, economic development in countries such as India is witnessing a heightened demand for plastic and polymers. This has led to an exponential growth of the chemical sector that discharges plastic and polymers as byproducts. Consequently, this has led to an upped demand for industrial gas regulators to be used in chemical industries.

Lastly, product innovation and advancement of existing products due to efforts undertaken by key players is immensely influencing the market’s growth. These initiatives are leading to the creation of products with a high degree of safety, operational ability, and efficiency virtues.

Strict Regulations for Safety of Gas Equipment Limits Growth

On the flip side, existence of strict regulations and norms for gas equipment is limiting the market’s growth. Nonetheless, the introduction of innovative and technologically advanced products that will overcome the drawbacks of predecessor products will act in favor of the market’s growth in the next few years.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Aircraft Seat Actuation Systems Market Industry Analysis, Growth, Size, Manufacturers, and Forecast to 2021

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The highly fragmented vendor landscape of the global aircraft actuation systems market is currently led by companies such as Zodiac Aerospace, Buhler Motor GmbH, B/E Aerospace, and Rollon S.P.A, states Transparency Market Research (TMR) in its recent market study. Despite the prevailing competition, the market provides ample opportunities for the entry of new players offering innovative technologies. The market requires significant initial investment for research and development, which not many players find encouraging. However, it is likely to provide lucrative returns in the long run.

“A majority of the companies operating in the market are focusing on product development and investing in extensive research and development activities to gain a competitive advantage,” said a lead TMR analyst.The global aircraft seat actuation systems market to reach US$382.2 mn by the end of 2021. The market was valued at US$150 mn in 2014. If these figures hold true, the global aircraft seat actuation systems market will report an impressive 13.1% CAGR between 2015 and 2021.

Rising Air Travels will Fuel Demand for Aircraft Seat Actuation Systems

Surging air travels have been fuelling demand for more comfortable flight experience. Manufacturers are therefore focusing on ergonomic seat designs to help passengers maintain a comfortable and correct seating position. Appropriate seat designs are also necessary for pilots and flight crew members to ensure comfort and reduce fatigue from being seated for long hours. Comfortable seating is deemed necessary to allow pilots operate aircrafts efficiently. These are primary factors fuelling demand for aircraft seat actuation systems.

Furthermore, the demand for air travel has remarkably increased in the last couple of years. The number is poised to surge exponentially in the forthcoming years, thus creating demand for advanced aircraft seat actuation systems in response. Besides, the rising demand for premium air travel will aid the expansion of the aircraft seat actuation systems market as well.

Emerging Concept of Low Frill Airlines Dampens the Market’s Growth

“Despite the overall growth trends for the market being positive, rising concept of low frill airlines is dampening its growth to an extent,” said a TMR analyst. The low frill airlines mainly aim to provide low cost travel solutions. The concept is gaining significance as an increasing number of consumers are starting to use low frill airlines. Since these planes offer lesser air fares, the comfort quotient has been compromised with. This in turn presents a key challenge for aircraft seat actuation system manufacturers.

The high cost of aircraft ownership and maintenance is also acting as a restraint for purchasing aircrafts in bulks. This subsequently limits the scope of sales aircraft seat actuation system manufacturers.

Market Sees Growth Opportunities in the Latest Technological Advancements

Despite incumbent challenges, the aircraft seat actuation systems market is likely to gain from the recent technological advancements. In the forthcoming years, the aircraft seat actuation systems are expected to become lightweight in nature, while offering enhanced comfort to passengers. Additionally, the ongoing technological development is focused on producing intelligent seat actuation systems will flexible design and less noise. Such technological developments are expected to fuel growth opportunities for the market in the forthcoming years.

By type, the business class accounted for the dominant share of 32% in 2014. The rising demand for comfortable flight experience during international trips is fuelling demand from this segment.

Regionally, Europe dominated the global aircraft seat actuation systems market, followed by North America. The Europe market significantly gains from the presence of several prominent enterprises in the region and is thus projected to reach US$131.1 mn by the end of 2021.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Facial Recognition Market Competitive Landscape and Regional Analysis by 2022

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According to a new market report published by Transparency Market Research “Facial Recognition Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”, the global facial recognition market is forecast to reach US$ 2,671.8 Mn by 2022. The market is driven by increased demand for surveillance systems by civil and government agencies.

This is majorly due to the rising number of crimes and terrorist activities across the globe that would elevate the demand for efficient facial recognition solutions/systems in the near future. In addition, acceptance of facial recognition in the entertainment industry coupled with extensive use of facial recognition in consumer electronics is expected to fuel the demand for facial recognition technology in future. The report provides in-depth analysis of the market by segmenting it on the basis of parameters such as technology type and end-use industry.

The global facial recognition market was valued at US$ 1,307.0 Mn in 2014 and is expected to grow at a CAGR of 9.5% from 2015 – 2022. The global facial recognition market comprises technology types as: 2D facial recognition, 3D facial recognition, and facial analytics. Of these, the market for 3D facial recognition technology segment, because of its high and better accuracy in terms of identifying facial features, is expected to record faster growth as compared to 2D facial recognition technology during the forecast period. In addition, growth of the market for facial analytics, an emerging technology used for examining facial images of people without disturbing their privacy, is further expected to record steady growth as compared to that for 2D facial recognition technology.

The demand for these facial recognition technologies is further influenced by increasing demand from various industries, namely, government and utilities, military, homeland security, retail, banking, financial services and insurance (BFSI), and others. Of these, government and utilities, which includes law enforcement and passport and visa programs, accounted for the largest share. Further, with increased proliferation of retail outlets globally, facial recognition market is expected to experience significant growth in retail segment. This is supported by rising concerns of security and use of marketing strategies to analyze the customers based on their age, gender, and other facial attributes. It will thus, help in customer engagement at retail stores. Moreover, rising concerns of security have led companies to adopt tools such as CCTV recordings which are analyzed by facial recognition technique, alarm systems, and source-tagging.

Geographically, North America is expected to remain the largest regional market for facial recognition throughout the forecast period. This is mainly due to high expenditure on security systems in government as well as public sector. In addition to this, use of facial recognition technology by law enforcement agencies, military sector, and other public sector industries is expected to drive the market for facial recognition technology during the forecast period. Europe is also estimated to see increased adoption of facial recognition technology, with extensive demand for border control and identity validation applications. Furthermore, the European Union (EU) is keen on developing better verification process for border control as maximizing security is of prime importance. Border control and identity validation has further gained importance due to rise in passport frauds and fundamental right for EU citizens, as guaranteed by the EU, which allows free movement of people across EU Schengen States. Moreover, active adoption of facial recognition technology across the Asia Pacific region due to rising population and need for surveillance systems in retail industry is expected to bolster demand in this region in the near future.

The global facial recognition market is dominated by players that develop facial recognition technology solutions. These players are continuously looking out for opportunities to strengthen their distribution network and to develop advanced solutions, so as to enhance their competitive position in the market. Globally, players such as NEC Corporation, Safran Group (Morpho S.A.), Cognitec System, and Cross Match Technologies are identified as the leading facial recognition algorithm developers and solution providers. Other prominent players in the market are 3M Cogent Inc., Aynoix Inc., FaceFirst LLC (Airborne Biometrics Group Inc.), Aware Inc., Animetrics, Inc., ZK Software, and Aurora Computer Services Ltd., among others.

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Agriculture and Farm Machinery Market Garbage Bag Market Analysis, Segments, Growth and Value Chain 2022

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A market research report, titled “Agriculture and Farm Machinery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”, has been recently announced by the market intelligence company Transparency Market Research.The report projects that the global agriculture and farm machinery market will have a valuation of US$281.61 bn by 2022. The market, which had a valuation of US$144.10 bn in 2014, is expected to expand at an 8.7% CAGR between 2015 and 2022 to achieve such a rise in its prospects.

The chief factors leading to the high demand for agriculture and farm machinery across the globe include the rising level of mechanization in the agriculture sector and government subsidies in many countries for purchasing agriculture and farm machinery as a way to promote improved farm production. Furthermore, the rising demand for food products to satisfy the ever-increasing global population has also prompted an increased demand for a variety of agriculture and farm machinery in the global market.

The report segments the global agriculture and farm machinery market based on two criteria: product types and key regional markets.Based on the types of products, the market is segmented into farm tractors, plowing and cultivation machinery, planting and fertilizing machinery, harvesting machinery, haying machinery, and parts and attachments.

Of these, the high demand for farm tractors and harvesting machinery across the globe is projected to propel the overall market for agriculture and farm machinery over the report’s forecast period. The demand for harvesting machinery is most prominent in Asia Pacific, where these products are observing high demand from countries such as India and China. The high demand can be attributed to the rising food consumption for sufficing the rising population of these countries. The report states that the market segments of planting and fertilizing machinery and plowing and cultivation machinery will expand at moderate pace over the report’s forecast period.

Geography-wise, the market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. In terms of adoption of new technologies, Asia Pacific, Europe, and North America were the key contributors to the global agriculture and farm machinery market in 2014, with Europe leading the market, accounting for a 36% market share.The report states that the global market for agriculture and farm machinery is highly fragmented and features a large number of businesses vying for a share of profits in this highly competitive market. Many businesses have focused their attention on the area of making agriculture and farm machinery technologically advanced. Many other companies, catering mostly to price-conscious developing markets, are introducing innovative technologies at competitive costs.Some of the key vendors in the market are CLAAS KGaA mbH, Deere & Company, AGCO Corporation, and CNH Global N.V.

About Us:

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us:

US Office

90 State Street, Suite 700

Albany, NY 12207

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