Adaptive Optics Market: Increasing Range of Application Areas to Drive Growth of Market

The global market for adaptive optics is of a highly fragmented nature due to the presence of several international as well as local companies. This has resulted into an intense competition in the market to gain larger share in the market. The top four players in the global adaptive optics market, namely Canon Inc., Carl Zeiss Meditech AG., Olympus Corp, and Northorp Grumman Corporation, cumulatively accounted for only 24% of the overall market share in the year 2015. In order to stay ahead of the pack, the key strategies adopted by majority of the top players in the market involve product development and product innovation. The development of new varieties and differentiation of product is vital to tackle the stiff market competition. Growing focus on the developing advanced astronomical gadgets and research activities focusing on the enhanced usage of adaptive optics in treatment of retinal diseases and retinal microscopy are projected to allow leading players in the global adaptive optics market to leverage significant opportunities of growth over the course of the given forecast period.

According to the recent report published by Transparency Market Research, the global adaptive optics market stood at an overall valuation of US$0.458 bn in the year 2015. This valuation is expected to rise and reach a figure worth US$10.968 bn over the course of the given forecast period of 2016 to 2024. This growth is expected to be achieved with the help of a staggering CAGR of 83.9% over the same period of forecast.

 

From geographical standpoint, the adaptive optics market in North America is expected to continue its domination in the international market in terms of generation of revenue, with accounting over 40% of overall market share in 2015. With respect to technology, the wavefront sensor segmented accounted for 45% of overall market share in the global market in the year 2015.

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Increasing Popularity of Adaptive Optics in High Turnover Industries to Augment Market Growth

There are numerous factors responsible for driving the growth of the global adaptive optics market. One of the chief factors for driving the growth of the market is the increasing scope of applications of adaptive optics. Adaptive optics systems are acquiring increasing popularity across numerous industries with high turnovers such as astronomy, biomedicine, and defense and security which has permitted the influx of huge sums of money for the activities of research and development of cutting edge technologies. Technological advancements are thus, in turn, leading to a wide range of scope of developing several components of adaptive optics at lower prices. This is also expected to considerably drive the overall growth of the global adaptive optics market in the near future. This will also augment the demand for adaptive optics across a wide range of industries in the market.

Complex Regulatory Restriction to Impede Market Development

The technology of adaptive optics consists of aiming high frequency laser beams into the earth’s lower atmosphere to correct the distortions in the atmosphere. Numerous rules and regulatory issue connected to the usage of strong laser have been set by various nations, mainly for the purpose of security. These restrictions are expected to act as a big impeding factor in the growth of the global adaptive optics market. In addition to this, the procedure for approval of these optics can be very time consuming, and thus limiting the capacity of researchers to answer to certain unexpected events. Regulatory issue are thus expected to act as a major restraining factor in the overall growth of the global adaptive optics market.

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Pet Wearable Market: Pet Safety Concerns; Innovations in Technology to Provide Growth Opportunity

The global pet wearable market is prognosticated to showcase immense growth in the coming years. Transparency Market Research (TMR) recently published a report predicting the complete landscape of the pet wearable market. The vendors present in the industry are highly competitive and are expected to adopt strategic expansion to monetize upon the industry gains. There are a number of companies vying for the top spot such as PetPace Ltd, DeLaval Inc., Bedap N.V., IceRobotics Ltd., and Loc8tor Ltd. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market.

The report authored by TMR prognosticates the worldwide pet wearable market to exhibit a vigorous CAGR of 12.0% between 2016 and 2024, the forecast duration. The market, which stood at US$1.0 bn in 2016 is expected to reach a valuation of US$2.5 bn by 2024. North America and Europe are anticipated to dominate the market with about two-thirds of the market share in their hands. The percolation of Internet of Things into a plethora of technologies could be responsible for rise of location-based and tracking applications.

Rising Demand for Pet Tracking to Boost Worldwide Market

The rising selection and use of therapeutic diagnostics for pets is anticipated to drive the market over the forecast duration. Medical tagging of pets, animals, and endangered species is counted upon to gain momentum and significance. Moreover, IoT is predicted to profoundly affect restorative finding and medicines. Growing awareness for the remote observing, distinguishing proof and tracking, and conduct checking and control of pets are expected to fuel demand throughout the upcoming years. Usage of GPS-based screens, cameras, and wellbeing trackers that utilization application innovation for acquiring ongoing updates on buyer gadgets is anticipated to be a pivotal market driver.

The rising interest for wellbeing and security, ongoing situating and development in mapping entries with the expansion infiltration of cell phones are anticipated to invigorate the GPS innovation demand in pet wearable gadgets.

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Technological Innovations to Provide Impetus to Market Upswing

The global pet wearable market is prognosticated to witness immense opportunities for growth in the coming years. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market. The Internet of Things (IoT) interfaces include billions of gadgets and sensors to create inventive applications. The IoT correspondence fundamentally associates different gadgets, for example, cell phones, portable PCs, and tablets, with individuals and groups of people. This association additionally sends information to the unified server through systems, for example, remote neighborhood (WLAN), RFID, and Bluetooth. At present, some minimal effort remote sensor hubs are being utilized as a part of IoT frameworks. These hubs are anything but difficult to convey and can be controlled and observed from remote areas. They likewise incorporate low power radio and power administration systems for consistent operation. Thusly, these sensors have turned into an essential piece of the IoT innovation in numerous applications including the smart pet wearables.

Another key factor influencing growth of the pet wearables market is the rising utilization of computerized maps by cell phone producers. It has been deduced that the use of advanced maps has been growing altogether over businesses including the pet wearable market. Versatile applications created with inbuilt computerized maps recover data from pet tracker gadgets to track the area of their pets if lost or stolen. For instance, Tractive forms applications and online networking stages alongside pet wearables to build up a biological system for pet proprietors. The organization offers Tractive GPS 2, which gives constant following component by utilizing various sensors, for example, movement, encompassing temperature, and light.

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Machine Learning as a Service Market – Analysis Detailed Profiles of Top Industry Players and Their Segments Till 2025

The global machine learning as a service (MLaaS) marketis choc-o-bloc with players which makes the market intensely competitive, states a market publication by Transparency Market Research (TMR). The top three players, namely Amazon Web Services, IBM Corporation, and Microsoft Corporation that largely steer the market accounted for more than 73% of the overall market in 2016 as these companies are at the forefront for advancements in machine learning processes.

To hold on to their positions and to expand their outreach, key players in the market are expected to be engaged in carefully crafted mergers and acquisitions and strategic alliances with regional players over the forthcoming years.

 

As per TMR estimations, the global machine as a learning services market is projected to rise at a whopping 38.40% CAGR for the forecast period between 2017 and 2025. Expanding at this pace, the market which was stood at 1.07 bn in 2016 will present an opportunity of US$19.86 bn by the end of 2025.

North America to Continue to Stay in Lead

The segment of private cloud depending upon deployment type led the global MLaaS in 2016 revenue-wise. However, public cloud segment is expected to gain market share due to ease of installation and as a cost effective solution for organizations.

Healthcare and life sciences are the key application segments anticipated to contribute the leading revenue share and expand at a significant growth rate between 2017 and 2025.

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North America commands the MLaaS market over other key regions on account of rapid integration of machine learning as a service with big data, Internet of Things (IoT), and other advanced technologies. The region being home to topnotch companies for machine learning as a service adds to its benefit. The region contributed US$362.7 bn to the global market in 2016.

Need to Make Vast Amount of Data Utilizable Boosts Adoption

“Digitalization and the Internet revolution has led to a mounting volume of structured and unstructured data in enterprises, which needs to be made utilizable for organizational growth. This is the key factor driving adoption of machine learning solutions thus fueling the global MLaaS market, as per a TMR analyst. Further, the rising uptake of IoT connected devices is predicted to present new opportunities for machine as a service market. This is because machine learning capabilities are expected to be integrated with more platforms and applications for organizations to take advantage of them.

Besides this, the increasing uptake of cloud-based technologies is stoking growth of the MLaaS market worldwide, as an increasing number of companies are switching to cloud computing solutions to access machine learning services. The adoption of advanced analytics technology by a number of end-use industries such as BFSI, telecom, retail, and manufacturing among others to enhance the decision making capability of machines is having a positive impact on the growth of machine learning as a service market.

While the future of the global machine as a learning service market looks promising, the dearth of skilled personnel and increasing concerns among consumers about data security may hold back the market’s growth in the upcoming years, notes the research study.

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Application Specific Standard Product (ASSP) Market – Outlook, Opportunity & Future Trends Upto Forecast Period

Application specific standard product (ASSP) is an integrated circuit used for a specific product in multiple units. These products consist of embedded programmable logic, mixed-signal, analog products as well as digital products. General purpose of ASSP integrated circuits is to cater to a wide range of applications. These circuits are used in several system-design houses across the globe. The market is expected to witness steady growth during the forecast period. The anticipated increase in demand for consumer electronics is anticipated to affect the demand for ASSP positively in the next few years. For providing detailed overview of the ASSP market, it has been segmented on the basis of applications and geographies. On the basis of applications, the market can be segmented into: communications, automotive, consumer electronics, computers, industrial applications, and others. Geographically, the ASSP market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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Use of ASSP in consumer electronics makes them highly cost-effective and efficient. Such beneficial features along with increasing usage are expected to dominate the market during forecast period. ASSP provides images with high quality. Such beneficial features made the innovation of the global smart Television, high resolution DSLR camera and smart phones is driving the opportunities for universal ASSP market. ASSPs are consolidated circuits that can perform audio and/or video de-coding and/or encoding. Short replacement cycle (SRC) of portable electronic devices increases the demand for consumer electronic devices, which is anticipated to drive the ASSP market. The automotive industry has been enjoying a period of relatively stronger profitability and growth worldwide.

This is the most important factor driving the global application specific standard product market. Fueled by demand from carriers and data center technology is the most important factor driving the market opportunities for the global ASSP market. In addition, rising demand from the mobile phones & tablets industry is driving the global ASSP market. Local producers are introducing tablets and mobile phones. This market expansion is expected to augment the demand for ASSP during the forecast period. Things are more closely, smart-home applications such as automated lighting and heating growing demand in the market. This in turn has boosted the demand of these technology to a great extent in the global market.

However, high capital investment in the semiconductors industry is anticipated to limit several manufacturers from entering the ASSP market. This is estimated to hamper the growth of the ASSP market during the forecast period.

Geographically, in terms of revenue, North America held the major share in the global application specific standard product market in 2015. In Asia Pacific, China and India hold the leading share of the market in the region, due to growing consumer preference to electronic products and automation. The U.S. is the main hub for R&D (research and development) activities that take place in the semiconductors industry, which is opportunities for growing these market in future. Owing to significant growth in the electronics segment in China, India, the U.S., and Japan, the countries are major emerging markets for ASSP. Ever-changing consumer needs in the electronics industry is a key factor influencing the market for application specific standard product. The advancement of medical technology equipment may also act as a driving factor for the market.

The application specific standard product market is characterized by presence of numerous key players. These companies include NXP Semiconductors (Netherlands), Infineon (Germany), Skyworks Solutions (the U.S.), Linear Technology (the U.S.), Renesas Electronic (Japan), ON Semiconductor (the U.S.), Melexis (Belgium), STMicroelectronics (Switzerland), Texas Instruments (the U.S.), Toshiba (Japan),, and Maxim Integrated Products (U.S).

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Paper & Paperboard Trays Market – Global Industry Trends, Opportunities & Geographical Analysis

The drive for paper and paperboard trays stems from the growing need for an environmental-friendly and flexible packaging for packing food and beverages and fast-moving consumer goods. The rising demand for semi-rigid structures for a cost-effective and versatile packaging applications in diverse industries such as consumer durables, electronics, personal care & cosmetics, and homecare products, is propelling the demand for these containers. In various parts of the world, recycled paperboard packaging solutions made from sustainable materials have gained traction for packing disposable foodservice products. This has bolstered the adoption of paper and paperboard trays in recent years. The substantial benefits of on-the-go convenience of these packaging applications in the food service segment has boosted the demand for various paperboard trays, including corrugated boxes. Advancements in molding and printing technologies has enabled manufacturers in various developed and developing regions to develop paper and paperboard trays that allow retail players achieve competitive branding.

The global paper and paperboard trays market is projected to rise from a valuation of US$4,444.3 Mn in 2017 to reach a worth of US$5,893.9 Mn by the end of 2022. The market is predicted to clock a CAGR of 5.8% during the forecast period of 2017–2022.

An in-depth insight into the key factors impacting the growth trajectory of the global paper and paperboard trays market is offered below:

The rising worldwide demand for sustainable and flexible packaging applications in various industries, notably in the food and beverages industry, is a key factor driving the global paper and paperboard trays market. The rising demand for cost-effective paperboard packaging for food and beverages is a vital factor stoking the demand for paper and paperboard trays. A wide array of benefits offered by these containers to end-use industries, such as retail differentiation, thermal stability, and moisture benefits, is boosting the uptake in various regions.

Stricter implementation of global food safety standards in several developed countries has led to a wider adoption of paper and paperboard trays for disposable foodservice packaging applications.

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A number of supply chain concerns and cost constraints faced by players in the paper and paperboard packaging is a critical factor likely to negatively influence the growth of the market to an extent. On the other hand, several manufacturers are investing in new materials and better water technologies to address these concerns.

The advent of customizable trays for premium quality food grade packaging is a crucial trend expected to open exciting avenues during the forecast period. In addition, the striking flexibility of vast graphics printability possible with corrugated boxes helps in upping the brand appeal, thereby bolstering their demand.

Regionally, Asia Pacific excluding Japan (APEJ) holds the dominant revenue shares of the global market and is expected to retain its lead throughout the forecast period. The APEJ paper and paperboard trays market is predicted to create an absolute opportunity estimated US$607 Mn during 2017–2022. The dominance of the regional market can be attributed primarily to the substantial demand for cost-effective and sustainable packaging, especially for food grade applications. Of all the material types in making paper and paperboard trays, corrugated board is the leading segment and is projected to witness dominant growth, in absolute terms, over the assessment period. The segment is estimated to be worth US$3,344.1 Mn by the end of 2022.

Competitive Dynamics

A number of emerging and prominent players are offering high-performance paperboard packaging solutions with superior benefits and properties for a diverse end-use industries, in order to gain a competitive edge over others. Some of the leading players operating in the paper and paperboard trays market are International Paper Co., Huhtamaki Oyj, Mondi Group plc., ESCO Technologies Inc., Brodrene Hartmann A/S, UFP Technologies, Inc., Henry Molded Products, Inc., Pactiv LLC, OrCon Industries Corporation, and Fibercel Packaging LLC. 

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Molded Fiber Trays Market – Industry Analysis, Growth and New Market Opportunities Explored

The intensifying need for eco-friendly packaging and protection materials world over has led to the rising preference of molded fiber or molded pulp packaging over other packaging types. The vast popularity of molded fiber trays in the packaging of various consumer durables and food & beverages is motivated by several benefits such as robust product presentation, efficient protection, and enhanced shelf-life. Molded fiber trays are also gaining wide adoption as a cost-effective biodegradable and flexible packaging of healthcare products, automotive and mechanical parts, and food service disposables components. The need for packaging materials that can be recycled and is biodegradable is a key factor stoking the demand for molded fiber trays in various parts of the world. Constant advancements in molding and processing technologies, such as 3D manufacturing, are notable factors accentuating the worldwide market.

The global molded fiber trays market is projected to rise from a valuation of US$1,777.0 Mn in 2017 to reach US$2,422.8 Mn by the end of 2022. The market is anticipated to expand at a CAGR of 6.4% during the forecast period of 2017–2022.

A critical assessment of various factors and trends impacting the growth of the global molded fiber trays market is offered below:

The rising demand for sustainable and biodegradable packaging applications across numerous end-use industries such as electronics, food and beverages, healthcare, automotive, transportation and logistics is a key factor driving the market. The growing need for cost-effective production of packaging materials that are also less expensive than most plastic alternatives has bolstered the demand for molded fiber trays. The flexibility of myriad designs possible with molded pulp materials is a crucial factor boosting the popularity of molded fiber trays in several packaging applications. The advent of a variety of fibers such as that of sugarcane, palm, and bamboo is a key factor catalyzing the growth of the molded fiber trays market.

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The burgeoning demand for eggs and beverages in several countries is a key factor expected to fuel the demand for molded fiber trays. In addition, the growing demand for molded fiber trays for packing goods that need to be transferred in humid and high temperature conditions has bolstered the uptake. The marked ease of handling molded fiber trays is a crucial factor spurring its demand for a variety of packaging applications. The mounting concern of non-degradable packaging materials such as those by plastics is a key factor likely to bolster the demand for molded fiber trays in various regions.

The various pulp type used for making molded fiber are transfer molded, thick wall, thermoformed fiber, and processed pulp. Of these, the demand for transfer molded fiber is expected to be dominant throughout the forecast period. Growing at a value of US$76.3 Mn annually during 2017–2022, the segment is projected to hold a share of 55.6% in the market by the end of the forecast period.

Regionally, Europe is the most lucrative market for molded fiber trays and is estimated to hold dominant shares throughout the assessment period. The vast advances in processing and packaging technology in recent years and the growing demand for sustainable packaging in several parts of the region are key trends fueling the regional market. The Europe molded fiber trays market is projected to create an opportunity pegged at US$231.2 Mn between the forecast timeline.

Competitive Dynamics

Several prominent players are focused on developing an extensive range of recyclable molded pulp products. They are offering specialty packaging for a variety of end-use applications, in order to gain a better foothold in the market. Some of the leading players operating in the global molded fiber trays market are Brødrene Hartmann A/S, UFP Technologies, Inc., Huhtamaki, Oyj, Henry Molded Products, Inc., Pactiv LLC, Fibercel Packaging LLC, Orcon Industries Corporation, and Vernacare Limited.

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Pet Food Packaging Market Driven by Rising Spending Power of Modern Pet Owners

The global pet food packaging market is set to exhibit steady progress in the coming years due to the steady growth of the pet care sector in developed economies and the growing disposable income of pet owners. Pet food packaging has also become important for pet food manufacturers for branding purposes, making it likely to receive significant investment from key players in the pet food market in the coming years. The global pet food packaging market is set to be driven primarily by demand from developed regions in the coming years, though emerging countries such as Japan, China, Indonesia, India, Taiwan, Korea, and Australia could also make major contributions to the global pet food packaging market.

The global pet food packaging market is likely to be valued at US$8.3 bn by the end of 2017. The market is likely to exhibit a 5.2% CAGR from 2017 to 2022, enabling a strong rise to US$10.7 bn by 2022.

Here are the key insights into the global pet food packaging market’s growth prospects in the coming years:

Rising demand for pet ownership in developed countries such as the U.S., Canada, the U.K., France, and Germany is likely to remain the leading driver for the global pet food packaging market in the coming years. Pet owners in developed countries are more aware about pet food quality and its impact on pet health, as well as being more affluent and able to purchase a wider variety of premium pet food. Developed regions such as North America and Europe are thus likely to remain the key geographical segments for the global pet food packaging market in the coming years, with the North America pet food packaging market likely to reach a valuation of US$3,472.5 mn by 2022 and the Europe market expected to rise to US$2,877.5 mn. The North America pet food packaging market was valued at US$2,688.9 mn in 2017, and is expected to exhibit a strong 5.2% CAGR over the 2017-2022 forecast period.

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However, developing regions such as Asia Pacific except Japan are likely to emerge as promising contributors to the global pet food packaging market in the coming years due to the growing preference for pet ownership in urban centers in the region. The growing affluence of customers in Southeast Asia and Australia has also helped the pet food packaging market in the region. The APEJ market for pet food packaging market is set to exhibit the highest 6.2% CAGR over the 2017-2022 forecast period to emerge with a valuation of US$1,974 mn by 2022.

The growing diversity in the pet food market is one of the key drivers for the global pet food packaging market. Due to growing research in pet nutrition and pet care, pet food manufacturers are coming up with a number of options for customers willing to spend extra to ensure better food for their pet. The rising demand for frozen pet food is likely to remain a significant factor for the global pet food packaging market in the coming years, as the convenience presented by frozen food to pet owners is likely to make it a significant part of the commercial dynamics of the pet food packaging market in the coming years.

Competitive Dynamics

Leading players in the global pet food packaging market include Amcor Ltd., Sealed Air Corp., Berry Global Group Inc., DS Smith Plc, Ball Corporation, Packaging Corp. of America, Crown Holdings Inc., Smurfit Kappa Group Plc, Ardagh Group SA, Mondi Ltd., Bemis Co. Inc., and Georgia-Pacific LLC.

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