Railway Traction Motors Market – In-Depth Analysis and Forecast on Market Dynamics, Emerging Trends, Growth Factors

The railway traction motors market in North America is consolidated to a certain degree, with the five leading players collectively accounting for a share of over 55% in 2015. These players are ABB Ltd., Bombardier Inc., Mitsubishi Electric Corporation, Alstom S.A., and Siemens A.G. Transparency Market Research states that considering the current trends in the railway traction motors market in North America, the market shares of some of the key players are likely to undergo significant moderations during the course of the forecast period. 

“In order to retain their lead position in the market and gain a larger share, companies have been focusing on a number of strategies, including investment in research and development, enhancing product offerings, expansion of sales and marketing networks, acquisitions, emphasizing on emerging markets, and synchronizing with upcoming technologies and companies,” the author of the study observes. The opportunity in the North America railway traction motors market is expected to rise from US$10.05 bn in 2015 to US$13.21 bn by 2024, reporting a 3.1% CAGR therein. 

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U.S. to Continue to Present Highly Lucrative Options for Growth 

By type of motor, the market is led by alternating current traction motors and the segment is projected to account for a revenue share of over 50% by 2024. This segment is also poised to be a highly attractive market with a 3.5% CAGR from 2016 to 2024. 

By application, diesel-electric locomotives will retain their lead in the North America railway traction motors market throughout the forecast period, followed by diesel locomotives. The segment of electric locomotives, on the other hand, is projected to register a considerable CAGR from 2016 to 2024. In terms of country, the U.S. accounted for the leading share in the railways traction motors market in North America and is projected to generate just under US$8 bn by 2024, registering a 3.5% CAGR during the forecast period. 

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Innovation in Railway Technologies Boosts Demand for Traction Motors  

The ongoing investments in research and development have significantly driven the railway traction motor market in North America. “The development of regenerative brakes, hybrid locomotives, and transformers for voltage modulation, among others, is a result of rising investments in innovative railway technologies,” the lead analyst states. 

A steady rise in railway passenger traffic in North America has compelled rolling stock manufacturers and railroad companies to focus on the modernization of passenger railcars. Looking to improve overall comfort, enhance performance, minimize quality issues and design errors, and reduce need for frequent maintenance, companies across the region have already initiated the process of modernizing passenger rail cars. This modernization is expected to boost the demand for improved rail equipment such as traction motors. 

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Smart Cards Market: High Levels of Security to Drive Uptake of Smart Across Different End-use Industries

Leading companies in the global smart market cards technologies and solutions have come up with strategies that concentrate on contactless, contact, and dual interface services. The four dominant companies in the global market for smart cards are Gemalto NV, Infineon Technologies AG, NXP Semiconductors NV, and Giesecke & Devrient (G&D) GmbH. These four companies cumulatively hold majority of share in the all the key geographical regions pertaining to the use of smart cards and terminals of smart cards.

The overall competitive landscape of the global market for smart cards is considered to be highly competitive and has been consistently bossed by the four players mentioned before. However, players in the global market are presently vying to sustain high standards and deploy smart card based software and services as a part of their elemental business strategies. On the other hand, the spectrum of growth of new market entrants such as Eastcompeace Technology Co. Ltd. and Watchdata that are making improvements in their respective businesses, are giving a tough fight to the established players by introducing newer solutions that are designed to fit the way customers want to conduct their transactions on a day to day basis.

 

The global market for smart cards stood at an overall valuation of US$8.5 bn in the year 2016. This valuation was expected to grow and reach a figure worth US$14.1 bn by the end of 2023. This considerable growth of the global smart cards market in terms of value is expected to be achieved with the help of an impressive CAGR of 7.4% over the course of the given forecast period of 2016 to 2023.

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In terms of type of smart cards, the segment of contactless smart cards is expected to show a most promising CAGR of 11.5% over the course of the given forecast period of 2016 to 2023 with respect to generation of revenue. However, the segment of contact smart cards is expected to sustain its rank of top earning segment for the same period of forecast, and is estimated to reach an overall market valuation worth US$7.7 bn by the fall of 2023.

High Security Offered Augments Uptake of Smart Cards

There are multiple factors that are helping in driving the overall growth of the global market for smart cards over the course of the given forecast period. One of the key factor responsible for augmenting the growth of the market is the security offered by the smart cards. The traditional magnetic strip cards are presently highly vulnerable to attacks of data theft because of the absence of proper encryption codes. This is factor has been easily dealt with by the current smart cards, where the feature of EMV chip on chip has added an extra level of security to the information of the user.

In addition to this, with the advent of near field communication (NFC), IoT, net banking, and e-commerce, there has been a growing preference towards using smart cards all across the globe. This has also significantly helped in driving the overall growth of the market.

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High Prices of Adoption to Impede Market Growth

However, there are some factors which might negatively impact the growth of the market in the coming years. One of the key restraining factor for the global market is thought to be the high cost related to the adoption of these smart cards.

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Rise in Ecommerce to Propel the Demand for Global Logistics Market

The competitive scene of the worldwide logistics market has so far been exceptionally fragmented, and is probably going to remain the same, as indicated by an analysis report discharged by Transparency Market Research. The four driving players in the market –Deutsche Post DHL, Ceva Logistics, UPS, Inc., and FedEx – procured just around 15% of the market in 2015. As per the recent report published by Transparency Market research (TMR), the players in the market, from a worldwide point of view, have been putting more into business developments, item advancement, and physical areas extension prepares of the bend from neighborhood and also other worldwide competitors. The market is bifurcated into small and large merchants however it is commanded by small and medium size enterprises. Rivalry is extreme because of ascend in M&A among the players prompting a union and the players are continually adjusting to the changing marketplace to pick up an upper hand. The players contend as far as conveyance speed, value, unwavering quality, and production network limit yet the upper hand is because of the esteem included administrations gave by the merchants.

According to the analyst, the global market is anticipated to grow with a steady CAGR of 7.5% within the forecast period from 2015 and 2024. In year 2015, the market was evaluated to be around US$ 8.1 trillion. This market figure is expected to reach at US$ 15.5 trillion by the end of 2023. Based on volume, the global logistics market is soaring high with a strong CAGR of 6.0%. Road transport is the most broadly utilized transport framework comprehensively and has ended up being key to the social coordination and monetary improvement of different areas. By income, roadways held the overwhelming shares and by volume, conduits represented the main offer in 2015. The logistics market in North America has become altogether finished the years. This can be ascribed to an expansion in exchange exercises between the U.S. what’s more, South America and Europe.

Rise in Number of Ecommerce Customers to Support the Global Market Growth

The internet business industry and its productive development rate has massively affected almost every one of the ventures related with it. Web based shopping is quickly turning into an exceptionally famous option for all purchaser socioeconomics, with comfort and assortment being the best reasons. This has made a blast of interest for speedier, better, and more productive logistics administrations. The key contributing component to this situation presently is the expanding number of customers with access to fast web which is a solid empowering agent for perusing web based shopping gateways.

Furthermore, current logistics are ending up progressively shopper driven, offering various points of interest to their customers and their purchasers, including operational cost diminishments, better conveyance execution through computerized stamping and capacity of buyer portfolio, to produce better consumer loyalty appraisals. This is additionally anticipated to keep supporting the development of the worldwide logistics market.

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Increase in Trade Agreement Globally to Contribute in Demand for Logistics

The research report recognizes the expansion in trade agreement among countries as one of the essential development factors for this market. Ideal government exchange arrangements have brought about an expanded interest for logistics administrations to keep pace with the expanded logistics needs of merchants and exporters which gives chance to development to the current sellers. The casual trade agreement help in exchange by lessening levies and disentangling traditions methodology therefore decreasing the travel times and proficiency of business operations. The trade agreement concentrate on decreasing exchange levies, expelling confounded administrative hindrances, and expanding the speculation condition of the two gatherings in the understanding.

APAC will be the real income supporter of the market all through the estimate time frame because of the expanded reception of outsourced logistics administrations. Increment in imports and fares notwithstanding the colossal interest for logistics benefits because of the financial development and urbanization brings about makers exchange over the globe.

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Anti-Drone Market: Measures to Counter Border Infiltration for Civilian Safety to Boost Deployment

The presence of a significant pool of big and small players in the global anti-drone market indicates a highly dynamic and competitive vendor landscape, as per a new study by Transparency Market Research (TMR). Keen players in the market are relying upon innovation to be progressive in this market that is competitive yet opportunity-laden, notes the study. Further, the emergence of start-ups with their bandwagon of ideas for innovation is expected to alter the current dynamics and intensify competition among manufacturers of anti-drones in the upcoming years.

Some prominent players operating in the global anti-drone market include Blighter Surveillance Systems Ltd., Dedrone Detect Inc., DRONESHIELD, Boeing Co., Lockheed Martin Corporation, SAAB A.B., and Theiss UAV Solutions LLC.

 

A report by Transparency Market Research evaluated the global anti-drone market to be worth US$214.7 mn in 2016. Expanding at an impressive 19.9% CAGR between 2017 and 2025, the market is expected to attain a value of US$1,204.9 mn by 2025.

North America to Display Notable Growth through 2025

Amongst end users, government and military dominate with the segments holding the leading share of the anti-drone market in 2016. The military is also predicted to display rapid growth amongst all end-use segments over the forecast period followed by the government.

In terms of anti-drone types, the segment of neutralizing system held the leading share in the market vis-à-vis revenue in 2016.

Region-wise, the global anti-drone market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America is expected to display the leading growth, amongst all key regions, at a CAGR of 21.6% over the forecast period between 2017 and 2025.

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Reduced Prices of Anti-Drone Systems lead to Increasing Uptake for Commercial Applications

Across the world, need to counter security threat posed by unwanted intrusion of unmanned aerial vehicles (UAVs) and unmanned aerial systems (UASs) is the prime factor driving the anti-drone market. Several governments and law enforcement agencies in parts of the world have started to recognize the potential of security threats from UAVs and UASs. Anti-drone systems have the ability of tracking, locating, and detecting UAVs from a certain distance and thwart unlawful activities that may cause harm to civilian life.

In recent years, rapid technological advancements for the manufacture of UAVs and UASs have led to significant drop in their prices. This, in turn, has increased their affordability among several end users. Although UAVs were originally developed for military applications, which has grown manifold in terms of size, payload, and capabilities in recent years; their use for unlawful activities such as piracy, unauthorized surveillance, and spying is also on the rise. This has necessitated the deployment of anti-drone systems to counter such activities, especially in war-prone countries such as Iraq, Syria, and other African countries.

The commercialization of technologies for the development of anti-drone systems has also been stoking growth of this market. Local companies are coming up with their own versions of commercial anti-drone technologies, although they are not as lethal as those used by the military sector.

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However, factors such as strict government regulations for deployment of anti-drone systems and high initial investments for the setup of the anti-drone manufacturing facility are acting as restraints to the growth of this market.

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LiDAR Drone Market – Advanced technologies & growth opportunities in global Industry

Governments and research institutions around the world are encouraging the adoption of LiDAR drones. This reflects positively on the year-on-year sales reported by the global LiDAR market. LiDAR drones are mainly used for enhancing automation and reducing dependence on human efforts. Some of the most common applications of LiDAR drone include archaeology, mapping, precision farming, entertainment, and construction.

Based on product type, the global LiDAR drone market can be bifurcated into fixed wing and rotary wing. Of these, the rotary wing LiDAR segment is expected to report the highest CAGR between 2016 and 2023. The robust demand that the segment has been witnessing is attributed to the compact size and cheaper price of rotary wing LiDAR as compared to fixed wing LiDAR. Additionally, the design of rotary wing LiDAR enables easy access to confined specs such as bridges and pipeline, due to which it is preferred for monitoring and inspection applications. A rotary wing LiDAR can fly both horizontally and vertically. It can also hover in a fixed position, which makes it best suited for high resolution video capturing and aerial photography.

The report provides a comprehensive analysis of the various factors that will have a positive impact on the global LiDAR market. An overview of major restraints threatening the market’s growth is also included in the report. To present insights into the prevailing vendor landscape, the report also includes the profiles of the leading companies operating in the market.

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Global LiDAR Drone Market: Key Opportunities and Threats

The global LiDAR market is also significantly gaining from the rising demand for laser scanners. These scanners exhibit high wavelength and are used for making clear 3D models for surveyed areas. Based on application, the corridor mapping segment has emerged dominant in the market due to rapid urbanization and increasing construction of highways, roadways, and railways.

Despite witnessing positive growth opportunities worldwide, the lack of skilled pilots is hampering the global LiDAR market to an extent. Unlike pilots for conventional aircrafts, drone pilots are required to ensure reliability of the entire system, which includes ground station, vehicle, and communication equipment. While drones do not carry passengers or on-board pilots, any human error while operating a drone could still prove disastrous.

Drone systems mainly rely more on autopilot, radio transmission, and computer technology than conventional airplanes. Hence, operating and maneuvering drones require a greater degree of knowledge and expertise because the accident rate in drones is much higher than in manned aircrafts. However, this issue can be resolved by designing advanced drones.

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Global LiDAR Drone Market: Regional Outlook

Regionally, the Asia Pacific market has been exhibiting attractive prospects for vendors operating in the global LiDAR drone market. Increasing awareness of customers regarding the benefits offered by LiDAR drones such as low cost, high accuracy, and government support are key factors fuelling demand for LiDAR drones in Asia Pacific. The regional market is also benefitted by the increasing adoption of LiDAR drones in countries such as India, Japan, and China.

Global LiDAR Drone Market: Competitive Insight

To study the prevailing vendor landscape in the market, the report has profiled companies such as Phoenix Aerial Systems, Velodyne LiDAR, Inc., Leica Geosystems AG, and others. Among these companies, Velodyne LiDAR holds a major share in the market and has played a significant role in promoting LiDAR drones worldwide. The report presents an in-depth analysis of the strategies adopted by these companies. Their strengths and weaknesses are studied and insights are presented into the threats and opportunities that these companies could face during the forecast period.

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Property Management Software Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

Managing data related to property has been a significant issue since long time. Technology has proven itself as a problem solver in many business scenarios. Property management software has enabled proper maintenance all the data related to property through systematic integration. Moreover, it has also helped the property managers to save time and other property management costs as well. Thus, by using property management software, the managers can focus on property negotiations.

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Furthermore, the property management software provides a visual and interactive interface so as to keep track of important events, property deals, and inquiries which helps in understanding the performance of the real estate agency. The customization of these software enables choosing the level of structure of business as required. Moreover, property management software has also lessened the amount of paper work as the system itself enables interaction with other parties over E-mail. Important alerts and messages can be delivered over E-mail. Thus, the property management software delivers a hassle free environment in the real-estate sector.

Property Management Software Market: Drivers

The selection of the property management software is basically based upon three characteristics including upgrades, initial cost and level of integration. The factors driving the growth of property management software market include software’s ability to provide easy access to property management data, rise in demand for rent as well as for purchasing property, and growth in both commercial and residential infrastructure.

Furthermore, stringent property related regulations by various governments, rising adoption of cashless transaction and demand for increased transparency among businesses in order to enhance services and are also aiding the growth of property management software market. As real-estate companies handle a large amount of legal as well as financial data, property management software helps to track information automatically in the system. Despite the numerous benefits of property management system, it has some limitations restraining the growth of market. Poor level of account and property integration, low mobile compatibility, and lack of reporting capabilities are some of the factors that may hinder the growth of this market.

Property Management Software Market: Opportunities and Recommendations

The vendors in property management software marketcan seek for growth opportunities by offering cloud-based services, and expand their reach to new geographies. Additionally, companies are implementing business intelligence associated software with a view to make smarter decisions. Companies are also entering into mergers and acquisitions to strengthen and improve their market presence and explore new markets as well.

During the coming years, an increase is expected in the uses of online purchase order systems for properties due to faster processing of invoices, and reduced operating time. Companies are also focusing tracking local markets in order offer suitable properties to customers.

The dominant players in the global property management software are AppFolio, Buildium, London Computer Systems, MRI Software, RealPage, and Yardi Systems. Other prominent vendors in the market are: RentPost, Accruent, PROMAS, Genkan, Property Boulevard, ARGUS Software, Rentec Direct, Rosmiman Software Corporation, Skyline Property Management, Total Management, Realty Information Systems, and TOPS Software.

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Earphone Market – Drivers & Restraints, Market Segmentation, Region-wise Outlook and Key Players 2023

Earphones are a pair of small hearing devices that are designed to be fitted in a user’s ears, facing the ear canal. They are electroacoustic transducers through which the electrical signal is converted into a corresponding sound. They are typically designed to enable a single user to listen to an audio privately, unlike the loudspeakers, which produces sound in open air, for anyone to hear nearby.

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Earphones are portable device and are convenient, however some people consider them uncomfortable and prone to falling out. The earphones consist of separate units that are plugged into the ear canal of the users. In the terms of telecommunication, a headset is a combination of earphone/headphone and microphone. They either connect directly to an audio amplifier, CD player, radio, portable media player, mobile phone, electronic musical instrument, video game consoles or use wireless bluetooth technology. Earphone consists of different audio imitation quality capabilities. The headsets used for telephone cannot reproduce sound with highly reliable expensive units that are designed for listening music.

Using earphones at a high volume level may lead to permanent or temporary hearing damage or deafness. The sound volume has to compete with nearby background noise, especially in places such as subway, railway stations, aircraft, as well as in large crowds. Some portable music devices manufacturers have tried to introduce safety circuits in order to limit the output volume and warn the user when the volume used is at dangerous level. However, this concept has been rejected by majority of public who favor their personal choice of volume.

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Earphones exhibit high consumer adoption rate during workouts, travelling, etc. which has escalated their demand in the recent years. Other factors such as rising disposable income, products integrated with enhanced noise annulment capabilities may swell the earphones market demand during the forecast period. Further, earphone market is composed for high growth owing to its short replacement cycle, which is attributed to growing consumer needs, functionalities and loss or damage. The use of portable music systems, such as tablets, smartphones and handheld music players, is significantly growing in the market which in turn, is driving the market for earphones currently. In the recent years, various technological advancements in earphones have led to minimizing of the overall size and weight of earphones.

The key developments in wireless technologies such as bluetooth, Wi-Fi, Infrared (IR) and SKAA are expected to further increase the growth of the earphone market. The demand for earphones is strong in corporate sector, mainly in the expanding call center industry. The growing adoption of VOIP services for video conferencing is also behind the increasing demand for earphones from the corporate sector. Proliferation of various e-commerce websites, along with competitive pricing is further anticipated to swell the sales of earphones via online store during the coming years.

The major participants in the global earphone marketinclude companies such as JVC Corporation, Sony Corporation, Sennheiser Electronic GmbH & Co. KG, Bose Corporation, Apple Inc., Harman International Industries, GN Netcom A/S (Jabra), Plantronics Pty Ltd., Audio-Technica Corporation, and Philips Electronics Ltd.

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