Passenger Service System (PSS) Market: Increasing Spending Capacity of People Drives Growth

Some of the key players in the global passenger service system (PSS) market are Sirena-Travel JSCS, Radixx International, Inc., Hitit Computer Services A.S., Intelisys Aviation Systems Inc., Bravo Passenger Solutions Pte Ltd., Unisys Corp., Hexaware Technologies Ltd., Travelport Worldwide Ltd., SITA NV, Sabre Corp., IBS Software Services Pvt. Ltd., Information Systems Associates FZE, Amadeus IT Group SA, Travel Technology Interactive, Mercator Ltd., Travelsky Technology Ltd., and KIU System Solutions.

As per a report by Transparency Market Research, the global passenger service system (PSS) market will likely expand at a robust 11.8% CAGR between 2016 and 2024 to become worth US$ 11.523 bn by 2024 from US$4.315 bn in 2015.

Small and Medium Operators Propel Airline Reservation System

Depending upon the various services offered, the global passenger service system (PSS) market can be segmented into airline inventory system, internet booking system, airline reservation system, airport management consulting, loyalty system, departure control system, ancillary services, and customer care system. Among them, the airline reservation system segment accounted for maximum share of 27.8% in 2015. Mainly driving the growth in this segment is the high uptake among medium and small airline operators.

Geographically, the key segments of the global passenger service system (PSS) market are North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, of them, is slated to expand its share at a healthy clip and contribute to the market substantially, in the forecast period. As per the TMR report, the market is Asia Pacific will likely rise at a CAGR of 13.0% between 2016 and 2024.

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Growing Number of Airline Operators Drive Market

Passenger Service System (PSS) is a clutch of solutions that enables efficient management of an airline front-end operation by managing passenger related activities. It is basically a communication system that offers services to passengers such as loyalty, customer care, online booking, reservation, and check-in and check-out status in real-time. “Increasing spending capacity of the middle-class population and the rise in number of airline operators is slated to provide a fillip to the demand for passenger service system in the coming years. Passenger service system helps airline operators to quickly monetize their offering and further generate revenue from non-core assets,” explains the lead analyst of the report.

At present, numerous passenger service system (PSS) providers are offering non-core PSS solution such as ancillary service, loyalty system and customer care system in response to demand from airline operators. In addition, some PSS providers are also providing airport management consulting solution to satisfy demand for smart airport offering.

“Market is at an interesting cusp where players are coming up with new platforms and new technologies to facilitate better services to customers,” adds the lead analyst of the TMR report. The demand for better PSS solutions such as home tagging for luggage, presence of augmented reality (AR), and artificial intelligence for customer service are expected to contribute to the growth of PSS solution over the forecast period. Growing penetration of the internet is another major factor boosting the global passenger service system (PSS) market.

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Terahertz Components and Systems Market: Asia pacific to Provide Most Promising Opportunities

With the growing involvement of international players in the market for terahertz components and systems, the degree of competition has increased significantly, finds TMR. The leading companies, namely, Advantest Corp, TeraView, Bruker Corp, NEC Corp, Menlo Systems GmbH, and Techcomp Group Ltd., are heavily investing in research and development activities to expand their product portfolios in order to sustain in this competitive environment.

Going forward, the companies are likely to compete on the basis of innovation and advancements. Product pricing will also play a key role in providing the manufacturers an edge over each other. Analysts at Transparency Market Research predict a high degree of competition as well as profitability in this market over the coming years.

Increasing Popularity of Terahertz Imaging Solutions Fuels Demand for Terahertz Components and Systems

“Terahertz technology has found a widespread application in the fields of biology, molecular spectroscopy, medical science, and space sciences”, states an analyst. As terahertz radiation does not possess any ionization threat for biological tissues, thanks to its low photon energy, terahertz imaging solutions are gaining immense popularity in medical applications, increasing the demand for terahertz components and systems significantly.

Going forwards, the advancement in terahertz technology and the augmenting application of terahertz components in medical imaging and non-destructive testing are anticipated to boost the market’s growth over the next few years.

On the other hand, the limited penetration level of terahertz radiation may hamper the application of terahertz components and systems in various other industries in the near future. Their demand may also be influenced negatively by the lack of awareness pertaining to the benefits offered by terahertz technology and the dearth of skilled professionals for the management of terahertz devices.

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North America to Save Leadership but Lose Significant Amount of Shares

According to TMR’s estimations, the global opportunity in terahertz components and systems in 2014 was worth US$56 mn. Expanding at a CAGR of 25.90% between 2015 and 2023, analysts expect it to increase to US$415 mn by the end of the forecast period.

North America emerged as the leading contributor to this market in 2014 with a revenue share of 45.2%. The region although will remain leading, it will lose a significant number of shares to Asia Pacific in the coming years, which is likely to register a rise in its total revenue share from 18.5% in 2014 to 23.2% by the end of 2023.

In 2014, terahertz components and systems were mostly utilized in research laboratories. However, their application is anticipated to increase significantly in industrial process monitoring during the forecast period. Terahertz sources were the most prominently demanded components in 2014. However, terahertz detectors are projected to exceed the former by 2023.

Currently, spectroscopy-based systems are leading the overall demand for terahertz systems and are expected to remain dominant throughout the forecast period.

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Millimeter Wave Technology Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

The millimeter-wave technology is electromagnetic spectrum is primarily considered to be the range of wavelengths between 0.4 inches (10 millimeters) to 0.04 inches (1 millimeter). Millimeter waves are shorter than microwaves or radio waves and longer than x-rays or infrared waves. The market has been segmented into by frequency band which includes E-band, V-band among others. The market is also segmented into by application which includes defense, telecommunication, automotive, industrial and healthcare among others. The market by geography has been segmented into, Asia Pacific, Europe, North America, Middle East and Africa and South America.

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The millimeter-wave technology of the electromagnetic spectrum primarily corresponds to 30 GHz to 300 GHz of radio band frequencies. This is called EHF (Extremely High Frequency) range. Growing demand for wireless technologies is one of the key factors boosting the market for millimeter wave technologies globally. Limited range and increasing environmental concerns are some of the restraints which may inhibit the growth of this market. Earth’s atmosphere may also pose as a restraining factor for the millimeter wave technologies. For instance 60 GHz is not appropriate for use in long-range radar or communications and it is suitable for local wireless area networks which are primarily used for portable systems or computers.  5G technologies offer potential opportunities for the millimeter wave technology. With the increasing research activities in the domain of millimeter wave technology equipment is fueling the market across different regions. Major companies are concentrating more on research activities in order to  increase application area of millimeter wave technology based equipment is different sectors which include defense and military, healthcare, automotive among others.

The major application fields of millimeter wave technology market include automotive, defense and military, telecommunication, industrial, security and healthcare. Telecommunication sector is leading the market, followed by defense and military sector. Moreover, industrial sector is also contributing in the positive development of the market. The growing advancement in the field of imaging systems, material research and process control in the industrial sector is driving the market for millimeter wave technology equipment across different nations globally. E-band is dominating the market. Telecommunication is the prime application area of E- band, which is contributing in the market and is expected to maintain its leading position over the forecast period, 2016 to 2024. The increasing demand for advanced technologies and high bandwidth-intensive applications along with rising application of small cell backhaul systems is fueling the requirement for millimeter wave technologies in different industries. Furthermore, growing ratio of data usage is also one of the prime factors behind the growth of millimeter wave technology equipment in the telecommunication sector.

North America and Europe is dominating the millimeter wave technology market worldwide. Rising demand for 5G technologies in the developing nations such as Asia Pacific is boosting the demand for the millimeter wave technology.  The U.S., U.K., Germany, France, Italy, Japan, South Korea, China, Brazil and India are expected to witness positive growth over the forecast period from 2016 to 2024. Increasing advancement in the field of satellite communication systems, radar, scanning and imaging systems is fueling the demand for millimeter wave technology.

Research and development, product innovation, merger and acquisitions are some of the prime business strategies adopted by the companies operating in this industry in order to strengthen its presence globally. NEC Corporation (Japan), E-Band Communications, LLC (The U.S.), LightPointe Communications, Inc (The U.S.), BridgeWave Communications (The U.S.),  Siklu Communication Ltd. (Israel), Keysight Technologies (The U.S.). There are some other companies which also playes an important role in the field of millimeter waves which includes SAGE Millimeter, Inc. (The U.S.), Millitech Inc. (The U.S.), Farran technology Ltd. (Ireland) and Trex Enterprises Corporation (The U.S.) among others are some of the major players operating in the millimeter wave technology market.

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Consumer Barrier Films Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

In the past couple of decades, rigid packaging has given way to the more convenient flexible packaging solutions. Consumer barrier films serve a variety of purposes, such as aroma protection, and increasing shelf life of the product within. Consumer barrier films find a wide range of applications in the food, home & personal care, pet food & pet care industries, and the likes, for flow wrapping, lidding and other purposes. The transparent nature of the consumer packaging films enables excellent product display, which enhances their chances of selling.

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Consumer barrier films are necessary for food and non-food products alike, for acting as an efficient aroma, odour, and gas barrier, thus facilitating growth in preference for consumer barrier films in the market. Consumer barrier films find applications in a variety of horizontal and vertical form-fill-seal applications. Rising demand for flexible packaging solutions that enhance the shelf life of the product, coupled with more consumer appeal for packaging solutions with excellent product presentation, are the major factors expected to ensure a positive outlook for the global consumer barrier films market, over the forecast period.

Global consumer barrier films market: Dynamics

The global packaging industry has undergone significant transformation in the past couple of decades, driven by evolving consumer-level and design-level trends. Significant improvements have been made in the way products are packaged, keeping ‘consumer-convenience’ as the main objective. Several factors are expected to fuel growth of the global consumer barrier films market, which, as discussed above, include a growing demand for packaging solutions which enhance the shelf life of the product. In addition, consumer barrier films decrease the need for preservatives, and prevent de-oxygenation of the product, thereby stopping degradation of the food product. Growth of the global consumer barrier films market could, however, be hampered by concerns regarding the ability of plastic material to enable exchange of vapors and gases, thereby threatening to compromise the safety and quality of packaged products. Manufacturers in the global consumer barrier films market have been focusing on consumer convenience for new product launches, which has enabled addition of new features such as high sealing strength, anti-fogging abilities, anti-static nature, and high printability. All these features are expected to drive growth of the global barrier films market, over the forecast period.

Global consumer barrier films market: Segmentation

The global consumer barrier films market is segmented as:

On the basis of material, the global consumer barrier films market is segmented as –

• PA
• EVOH
• OPA
• SiOx
• BOPP
• PVDC
• CPP
• Others

On the basis of end use industry, the global consumer barrier films market is segmented as –

• Food Industry
• Personal Care and Cosmetics Industry
• Others

Global consumer barrier films market: Geographical Outlook

The global consumer barrier films market is divided into seven regions –

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa (MEA)
• Japan

The Western Europe region is expected to lead the global consumer barrier films market, both in terms of production and demand. This is expected to be closely followed by the Asia Pacific region, which provides lucrative opportunities for growth of the global as well as regional consumer barrier films market. The North America region, owing to a large consumer retail industry, is expected to witness moderate growth in the regional consumer barrier films market, over the forecast period. The APEJ and the Latin America consumer barrier films market is poised to witness significant growth over the forecast period, owing to fast changing lifestyle of the local people, which is giving rise to the on-the-go consumption trend. As a result, local people are showing increased preference for ready-to-eat meals and microwavable packaging solutions. Rise in modern retail is further expected to bolster growth of the consumer barrier films market.

Global consumer barrier films market: Key Players

Few of the key players operating in the global consumer barrier films market are – Mondi Plc, Sealed Air Corporation, Amcor Limited, Flair Flexible Packaging Corporation, and Bemis Company, Inc.  

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Boilable Bags Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

The food and packaging industry is expected to grow in future because of the growing population and the demand for innovative packaging. There is a high demand for packaging products because of the changing lifestyles and growing urbanization where consumers look for options which are simple and effective. Boilable bags are one such segment of packaging products which provides a high protection from external factors and keeps the food fresh.

Market Overview:

Boilable bags market is expected to grow at a high CAGR in the forecast period. Boilable bags are also called vacuum or microwaveable bags which can be of different thickness and are used to store food and can also be used to directly heat the food without using any containers. The biggest advantage of using boilable bags is that it does not contain any harmful chemicals like BPA which can destroy the food and can be hazardous for consumption. Boilable bags can be used by campers, food processors, and backpackers or can also be used in medical processes and procedures.

Market Dynamics:

The driving force for the boilable bags market is its wide range of applications in meats, vegetables, or poultry. It can also be used in preserving food color, juices, and nutritional content. Boilable bags market is growing because of the exceptional qualities which these bags provide like preserving moisture, serving as an odor barrier and preserving the nutrition of the food. The other driving force for the boilable bags market is the vacuum seal which helps in keeping the air and moisture away from getting into food and destroying it. 

Most plastic bags cannot be used for storing food since they can be harmful for consumption but boilable bags are made with materials which do not react with the products kept inside and keep it safe and eatable. This has driven the boilable bags market. Boilable bags can be used at high temperatures because of their efficiency of not contaminating the food.

One of the restraints of boilable bags market is the availability of cheap alternatives which can replace them. Another factor affecting the growth of boilable bags is the proper disposal of these bags, if not done properly it can affect the environment.

Market Segmentation:

The boilable bags market is segmented on the basis of the temperature, by the type of products, by application and region.

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On the basis of the temperature, the boilable bags market is segmented into high temperature and low-temperature boilable bags.

On the basis of the applications, the boilable bags market is segmented into poultry, meat bags, vegetable bags, storing fish, pre – cooked foods, advance meal preparation and can also be used for medical processes or procedures

On the basis of geographies, the boilable bags market is segmented across 7 key regions; Latin America, North America, Japan, Asia Pacific excluding Japan, Western Europe,  Eastern Europe and Japan. North America has the highest market share of boilable bags market because of the high amount of packaged foods used there. Growing campers and young population have also driven the growth of boilable bags market in this region. Europe and Latin America are also expected to have a significant market share in the boilable bags market. Boilable bags market in Asia Pacific is expected to grow at a high CAGR in the forecast period because of the growing food and packaging industry in this region.

Market Key Players:

Few of the major key players active in the boilable bags market includes PackitGourmet LLC, Impact Corporation, AR-BEE Transparent Products Inc, Universal plastic bag corporation, Delstar Technologies Inc, Aceco Industrial Packaging, Peace Products Co, Golden Eagle Extrusions Inc, Maco PKG and Ultravack Solutions.

Hence it can be said that the boilable bags market is expected to grow in future because of a number of opportunities it creates in the market.

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Global Fragrance Packaging Market: E-Commerce Boosts Demand for Better Packaging, observes TMR

Transparency Market Research states that the global fragrance packaging market is likely to witness moderate competition as players are investing in innovative methods. Key players such as Gerresheimer AG, Saverglass sas, Verescence France SASU, and Swallowfield Plc are expected to focus on designing innovative packaging solutions to appeal to a larger crowd. Vendors are expected to look at materials that are long-lasting to making the packaging durable. Furthermore, the wave of developing environmental-friendly packaging materials to add a green touch to the product is also expected to be a key strategy of the global players. Several companies are also venturing into emerging economies to grab wider consumer base in order to expand their businesses.

According to the research report, the global fragrance packaging market is estimated to be worth US$2,119.9 mn by the end of 2025 from US$2,031.9 mn in 2016. During the forecast period of 2017 and 2025, the global market is estimated to register a CAGR of 5.0%. Out of the various materials used for packaging perfumes, metals are expected to dominate the global market as they offer the best durability. Metals held a share of 40% in the overall market in 2016, a trend that is anticipated to remain persistent throughout the forecast period. In terms of regions, Europe is projected to dominate the global market as it slated to rise at a CAGR of 3.9% over the forecast period.

Demand for Luxury Goods Bodes Well for Global Fragrance Packaging Market

The research report observes that the growing e-commerce business and the e-retailing industry have collectively augmented the growth of the global fragrance packaging market. The rapid penetration of the internet in the remotest corners of the world has allowed several consumers to shop from the convenience of their homes and various other locations. This fast-growing trend has allowed consumers a quick access to various international brands thereby boosting the sales of perfumes across borders in carefully packaged boxes. The research report also states the increasing awareness about personal grooming, appearance, and increasing interest in cosmetics and beauty products has also led to a demand for better fragrance packaging solutions.

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The soaring demand for luxury goods fueled by rising disposable incomes has also coaxed the industry to design stylish packaging solutions that make a mark in the consumer’s mind. Growing importance to advertising has also encouraged fragrance companies to focus on their packaging as the way their products are eventually marketed speaks volumes about it. Analysts anticipate that consideration of perfumes as valuable gifts, the notion of luxury associated with them, and their long-lasting nature are also some of the key growth drivers for the fragrance packaging market.

Fluctuation of Raw Material Prices to Challenge Market Growth

On the other hand, the increasing demand for environment-friendly packaging solutions is likely to hamper the market’s growth. Growing awareness about the hazardous impact of plastic, glass, and metal on the environment is dissuading several buyers. Owing to this reason, consumers are making a conscious move toward traditional perfumes. Furthermore, the consistent fluctuation of raw material prices is also expected to challenge market growth in the near future.

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Pro-Diet Bars Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Health and nutrition bars market are witnessing high demand owing to the growing awareness about health and wellness among the consumers. A wide range of nutrition bars is available to meet the consumer needs, among which pro-diet bars are one of the highly demanded nutrition bars. Pro-diet bars have gained popularity among the consumers driven by the nutritional attributes. Pro-diet bars have few carbs, vitamins, and minerals but high protein content which serves best for consumers who are on protein diets, athletes and gym enthusiasts. Pro-diet bars market primarily target the audience who demand protein sources that do not require any preparation. Pro-diet bars market is expected to grow over the forecast period attributed to the high demand among fitness freaks and athletes.

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Pro-Diet Bars Market: Market Dynamics

Increasing demand for pro-diet bars is driven by the nutritional benefits such as high protein concentration, less quantity of carbs, few vitamins and minerals. Pro-diet bars serve as a workout fuel for exercise enthusiasts which helps them in muscle build up. Pro-diet bars are equivalent to meals which avoid the consumers from overeating thus preventing them from gaining weight. Pro-diet bars market are driven by its multiple benefits which include the pro-diet bar being a meal substitute for consumers who are on a weight watch as it curbs out the appetite along with providing appropriate protein and nutrient content, pro-diet bars serve as an adequate protein diet for women who often miss out on consuming the required protein content from their daily meals. Pro-diet bars market is significantly boosted by the high demand among the athletes for whom, the pro-diet bars serve as a fuel for energy. Besides the demand generated by the consumers, another factor that contributes to the growth of pro-diet bars includes the availability of pro-diet bars in a variety of flavors which enhances the taste of the bars thereby stirring up the demand among consumers.

Pro-diet bars, in spite of offering multiple benefits face few restraints that hinder the growth of the pro-diet bars market globally. Pro-diet bars are protein derivatives such as whey, soy, and pea flour which taste awful. In order to enhance the taste to make it edible manufacturers add sweeteners such as sugar alcohol which have high chances of causing stomach upsets, bloating, flatulence and diarrhea. They also add high fructose corn syrup which can disrupt the metabolic syndrome. Few pro-diet bars contain high amounts of preservatives, artificial flavors and hydrogenated vegetable oils which can compromise on the nutritional attribute of the pro-diet bars.

Pro-Diet Bars Market: Market Segmentation

Pro-diet bars market can be segmented on the basis of raw materials used in its manufacturing, which includes:

• Whey Isolate
• Soya
• Pea Flour
• Milk Isolate
• Casein
• Soy Crisps
• Others

Pro-diet bars market can be segmented on the basis of sweeteners used in manufacturing, which includes

• Sorbitol (Sugar alcohol)
• Fructose
• Dextrose
• Others

Pro-diet bars can also be segmented on the basis of different flavors available. It includes:

• Chocolate
• Coconut
• Vanilla
• Strawberry
• Lemon
• Mint
• Others

Pro-Diet Bars Market: Regional Outlook

Regional coverage for pro-diet bars market includes North America, Latin America, Europe Asia-Pacific and China (APAC) and the Middle East and Africa (MEA). U.S market in North America and Europe account for a significant market share in the global pro-diet bars market owing to the presence of highly health conscious consumers, athletes and exercise and fitness enthusiasts. Pro-diet bars market in India witnesses a budding market attributed to the increasing rate of fitness freaks, increasing awareness about the product and its benefits, increasing sports activities and increasing incidences of health issues such as diabetes and obesity. Increasing purchasing power of the consumers also drives the pro-diet bars market in India.

Pro-Diet Bars Market: Market Players

Few players operating in the pro-diet market include Naturell, Xterra Nutrition, Nestle (PowerBar), Coca-Cola (Odwalla), General Mills, Kelloggs, Promax Nutrition and others.

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