Global Cold Form Blister Packaging Market: Players to Focus on Delivering Superior Quality Products at Minimal Cost, says TMR

Transparency Market Research says that the competitive landscape in the global cold form blister packaging is highly fragmented. With a handful of key players, the overall market is run by several local entities. Amcor Limited, Bemis Company, Inc., Constantia Flexibles Group GmbH, Uflex Ltd., and Tekni-Plex, Inc. have been identified as the significant players in the global cold form blister packaging market. Most of these players are expected to focus on expansion, collaboration, and product innovation to stay ahead of the competition. Offering superior quality of products at a minimal cost is expected to be one of the key strategies of the companies operating in the overall market.

According to Transparency Market Research, the global cold form blister packaging market was worth US$715.4 mn in 2016 and is expected to reach a valuation of US$1, 1437.7 mn by the end of 2025. During the forecast period of 2017 and 2025, the global cold form blister packaging in expected to surge at a CAGR of 5.1%. Out of the various end users, the pharmaceuticals industry is likely to lead the global market in the near future. In terms of volume, this segment is expected to acquire a share of 97.8% during the forecast period in the global market. In terms of geography, Asia Pacific is expected to hold a dominant share in the overall market. This regional market is estimated to surge at a CAGR of 4.8% between 2017 and 2025.

Demand for High Barrier Packaging Products Boosts Demand for Cold Form Blister Packaging

The global cold form blister packaging is gaining market traction with a remarkable growth throughout the forecast period primarily due to the increase in the demand for high barrier packaging products in the pharmaceutical industry for the packaging of the unit dose medicines. The cold form blister packaging provides zero permeability to the moisture and surrounding gases. The cold form blister packaging is the best alternative to the thermoform blister packaging due to its high deamination resistance properties. The traditional cold form blister foil is made up of the multilayer structure which consists of the aluminum, oriented polyamide, and polyvinyl chloride. The composition of the aluminum, OPA, and PVC in a typical cold form foil is approximately 50%, 15%, and 35% respectively, by weight.

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Also, the cold form blister packaging is around 1.5x to 2x costlier than the PVC-based thermoform blister due to high consumption of the material for the same size of pack. The latest trend observed in the cold form blister packaging market is the introduction of the innovative products such as burgo packs, shell packs, and calendar packs which remind patients to take medicine on exact time with proper tracking features. Also, the introduction of the Polypropylene and Polyester material as an alternative to the PVC in the multilayer structure is expected to change the dynamics of the market in the coming years. The opportunities in the cold form blister packaging market includes the growing demand for the unit dose medicines in the Europe and the Japan market due to the increasing dependency towards medicinal drugs with rise in ageing population.

Slow Speed of Production to Restrain Global Market

The main restraints in the cold form packaging market are the challenges in achieving the economies of the scale and lack of transparency during the production, filling, and inspection process. The production process of the cold form blister packs is quite slow when compared to thermoform blisters. The slow speed of production consumes more energy for the production of the same number of packs.

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Harmonic Filter Market: The Market is to be Spearheaded by the Trends in Quality Management

The competitive landscape of the market for harmonic filter market is a fragmented one characterized with the presence of many  players along with several regional players, according to a report published by Transparency market research. Three companies, namely Schneider Electric SE, Emerson Electric Co., and ABB Ltd., account for a total of 41% of the total market share in this highly concentrated market. ABB Ltd. account for 17.7% of the total market share of the world harmonic filter market.

Industrial sector account for the highest consumption of harmonic filters and ABB Ltd. provides harmonic filters to utilities, manufacturing processes, and metal processing. As such, ABB Ltd. account for such a large chunk of the market for harmonic filters.

 

In 2016, the revenue of the global Harmonic Filter market is anticipated to reach US$1.2 bn towards the end of the forecast period of 2016-2024. The market is anticipated to register a CAGR of 6.50 % during the forecast period.

Asia Pacific to Remain Dominant during the Forecast Period

So far as geography is concerned, the market has been segmented into Middle East and Africa, Latin America, Asia Pacific, Europe, and North America.

The region of Asia Pacific is anticipated to expand with a very high CAGR over the forecast period of 2017-2025. The region is anticipated to account for around 38% of the total market share. It has also been forecasted that the major contributing countries for the market of Harmonic Filter would be China, and India. There are several factors that are playing a major role in the expansion of the market in this region.

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Countries of the Asia Pacific region experience massive loss of power during transmission and distribution of power, thus many companies are resorting to the use of harmonic filters in a bid to obtain better quality of power. The region experiences increasing demand for electricity thus harmonic filters are also being forecasted to find increasing usage in this region. This region is forecasted to register a CAGR of 6.80% and reach an amount of US$ 471.6 mn in 2024 from US$264.3 mn in 2015

Europe comes as second in this market for harmonic filter. However, the growth for this regional market is expected to be sluggish owing to prevalence of high quality infrastructure of power.

Demand to be Adversely Affected by Lack of Consumer Awareness

The market for harmonic filters is set to experience growth owing to various factors like poor quality of power in the countries of Asia Pacific and Latin America. The market has been bifurcated into four categories by the segment of Type, namely passive harmonic filters, active harmonic filters, tuned passive harmonic filters and de-tuned passive harmonic filters. Of these, passive harmonic filters are set to enjoy more demand as compared to the active ones. The reason being robust design and cost efficiency. Active harmonic filter is forecasted to gain momentum in the next few years to come.

However, the growth of the market for harmonic filters is anticipated to be restrained owing to the lack of consumer awareness about harmonic filters. In addition to this, the cost of harmonic filters is on the higher side which is also adversely affecting the market for harmonic filters.

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Video Conferencing Market: Rising Trend of Business Operations at Multiple Locations Catalyzes Growth

Cisco. Systems Inc. that leads the global video conferencing market has been instrumental in the development and promotion of video conferencing technology, says a new report by Transparency Market Research. The company offers a spectrum of newer video conferencing products that integrate voice, video, data, and software apps. These offerings have enhanced its brand image across the world.

Besides innovation, strategic acquisitions is the focus of the company to expand its outreach. For example, Cisco Systems Inc. acquired Acano Ltd. in a bid to expand dynamically in the video conferencing market.

 

Some other prominent companies in the global video conferencing market are Huawei Technologies Co. Ltd., West Unified Communications Services, ZTE Corporation, Polycom Inc., Vidyo Inc., Adobe Systems Incorporated, Microsoft Corporation, Arkadin International SAS, Logitech International S.A., Orange Business Services, and JOYCE CR, S.R.O.

As per a report by Transparency Market Research, the global video conferencing market is expected to be worth US$8,958.7 mn by 2025, expanding at a CAGR of 8.3% during the forecast period between 2017 and 2025.

North America Market to Continue Displaying Strong Growth in Future

Amongst deployment type segments, on-premise dominates the video conferencing market in terms of revenue. However, cloud-based video conferencing is anticipated to surpass on-premise segment in terms of growth rate over the forecast period.

North America held supremacy in terms of revenue in the video conferencing market in 2016. The widespread popularity of telepresence and high adoption of managed video conferencing solutions are the key factors for the dominance of the region. The region is expected to display a significant growth rate over the forecast period.

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Real-time Communication among Distantly Located Teams Fuels Growth

The foremost factor driving the global video conferencing market is the increasing trend of virtual meetings with rising globalization across industries. Video conferencing allows real-time communication over long distances that benefits in the form of enhanced productivity and faster decision making. Additionally, it saves travel expenses and addresses customer queries.

In the corporate sector, video conferencing is a major communication tool used by enterprises for enhanced collaboration. It is because it allows two-way audio and video communication at minimal cost, especially in present times when organizations are focused on curtailing costs related to their means of communication. This has extended widespread opportunities for the video conferencing market.

Small and medium enterprises (SMEs) are also increasingly adopting video conferencing solutions for communication with clients at distant locations. SMEs generally rely on managed video conferencing solutions for which only peripherals such as cameras, speakers, and microphones are need to be provided by subscriber of the service. Video conferencing infrastructure including multipoint control units (MCUs), video conferencing systems, and other advanced applications and features are provided and managed by the video conferencing service provider.

The increasing trend of mobile workforce and Bring Your Own Device (BYOD) has positively impacted cloud-based video conferencing services.

On the flip side, high initial investments and high installation costs are acting as major challenges to the growth of video conferencing market. Video conferencing systems that are designed to provide a close-to-real experience of a person present in another location require high-quality video devices. These systems also need to be protected with firewalls and security software for secure data transmission that add to the cost of the system.

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Policing Technologies Market: A cutting-edge technology,industry survey and new business opportunities 2024

The highly competitive policing technologies market in Europe has companies such as PredPol, Inc., Aventura Technologies, Inc, Reveal Media Ltd., Zepcam B.V., Basler AG, SmartWater Technology Limited, Computer Sciences Corporation, Brite-Strike Tactical Illumination Products Inc., Aeryon Labs Inc., and Taser International Inc at the forefront. Transparency Market Research predicts that the competition among the major players will intensify during the forecast period with manufacturers competing with each other for contracts of various projects.

“Competitive rivalry in terms of product upgrade and new product development will work in favor of the policing technologies market,” the author of the study comments. Continuous research and development to introduce new features to existing technologies is a key growth strategy identified by TMR. For instance, Aventura Technologies launched a new software in February 2016 that has the ability to evaluate face recognition, access control, video analytics, and license plate recognition on a common operating platform.

Europe’s Law Enforcement Bodies Support Widespread Use of Policing Technologies

“Europe has been a witness to several terrorist attacks over the recent past, a factor that has forced law enforcement departments to become more vigilant and efficient in countering such attacks,” the lead author of the report states.

In 2014 alone, an estimated 774 individuals were arrested in the European Union for various terrorism-related offences. The number of deaths caused by terrorist attacks in Western Europe has risen significantly since 2004. This has greatly driven the need for effective and advanced policing technologies in the region.

The crime rate in Europe has also exhibited an alarming increase, TMR finds. Crimes such as drug trafficking, theft, and assault are rather common and Europe’s comparatively lenient criminal-sentencing regimes have added to the troubles citizens face. This acts as a driving factor for the policing technologies market.

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Complexities Associated with New Policing Technologies Deter Adoption

The lack of proper training acts as a major deterrent to the policing technologies market in Europe. The incorporation of new technologies in the police departments requires additional staff training. There is also the need to thoroughly and regularly test, upgrade, and maintain these technologies and the various products and devices they encompass. The complexities associated with the adoption and use of new policing technologies is likely to limit its usage in Europe.

Moreover, strict international human rights laws prohibiting the use of various weapons in the region is also a factor threatening to hamper the policing technologies market.

Aviation Technology to Offer Promising Opportunities

The Europe policing technologies market is expected to register a 6.0% CAGR from 2016 to 2024, with the revenue set to increase from US$1.4 bn in 2015 to US$2.4 bn by the end of the forecast period. Accounting for a share of 36% in 2015, detection and surveillance technologies emerged as the leading policing technologies segment by type. This segment is poised to expand at a 6.2% CAGR during the course of the forecast period to cross US$910 mn by 2024. Registering a steady 6.8% CAGR from 2016 to 2024, aviation technology is projected to emerge as the fastest growing segment by revenue.

By geography, the U.K. formed the leading market for policing technologies. The country is also forecast to be the most rapidly growing regional segment in the overall market, fueled by the introduction of technologies such as automatic number plate recognition.

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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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