Military Vetronics Market – High Demand for Autonomous Operations Propels Demand for Power Systems Vetronics

With only a few established players, namely, Curtiss-Wright Corp., General Electric Co., TE Connectivity Ltd., Rheinmetall A.G., and BAE Systems Plc, in attendance, the global market for military vetronics is displaying a consolidated structure, finds a new research report by Transparency Market Research (TMR). For market penetration, these players have been concentrating especially on the technological advancements of their current offerings, such as power systems and armored personnel carriers, since long. However, they are expected to shift their focus towards mergers, acquisitions, and strategic partnerships in the near future for further expansion of their businesses, states the market report.

According to TMR, the global military vetronics market will rise at a CAGR of 5.30% during the period from 2015 to 2023 and its opportunity will reach a value of US$10.71 by the end of the forecast period. Currently, power systems are witnessing a higher demand among all types of military vetronics systems. Analysts anticipate this trend to continue throughout the period of the forecast. Among vehicles, armored personal carriers report the most prominent demand for military vetronics and is projected to remain doing so in the near future, thanks to their increased usage in military operations.

In terms of the geography, North America have emerged as the most profitable regional market for military vetronics. However, this regional market is soon to reach its maturity level, which may slow down its growth in the years to come. The market in Asia Pacific, on the other hand, is anticipated to experience a significantly high progress rate over the next few years on the grounds of the rising terrorist activities, notes the research study.

The global market for military vetronics is highly dynamic. “Various factors, such as commonality of embedded systems, network centric warfare, increasing preference for COTS-enabled SWaP specifications, and situational awareness, are driving this market substantially,” says a TMR analyst. Over the coming years, the advent of power systems are expected to propel this market, as a number of modern warfare strategies and military vehicular utilities are primarily depended on autonomous and remote controlled military operations.

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With power systems increasingly being incorporated in communication systems, the need for the deployment of high-end military vetronics is escalating, which will reflect greatly on this market in the years to come, states the research report.

Decreasing Defense Budget to Hinder Market’s Growth

In spite of the high demand for military vetronics across the world, the global market may face significant challenges in the near future from the decreasing defense budget in developed countries. The speeding demilitarization in various economies in North America and Europe is dissuading many vendors of conventional vetronics from continuing to expand in these regions, which is expected to impact the overall market negatively over the next few years. However, players are projected to shift their focus towards the scope of deploying vetronics systems in unmanned vehicles, which will normalize the effects of the limitations in the years to come, reports the study.

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Rise in HAP-based Wireless Communication Services to Spur High Altitude Platforms Market Growth

According to a new market report published by Transparency Market Research “High Altitude Platforms Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” the high altitude platforms (HAPs) market was valued at US$2.30 bn in 2014 and is estimated to reach US$4.77 bn by 2023, expanding at a CAGR of 8.7% from 2015 to 2023. North America accounted for the largest share, in terms of revenue, of the HAPs market in 2014. With high adoption of advanced UAV aircrafts and tethered aerostat systems, especially in the U.S., North America is expected to remain dominant throughout the forecast period. Asia Pacific is projected to emerge as the fastest-growing market for HAPs during the forecast period, expanding at a CAGR of 10.0% from 2015 to 2023. The market growth of HAPs in Asia Pacific region is mainly driven by the strong and increasing expenditure in HAP-based surveillance systems in China, India, Southeast Asia, Japan, and South Korea. Another significant factor boosting market growth is the growing Internet penetration and increasing demand for high-speed wireless communication services.

High altitude platforms (HAPs) are airborne systems deployed at altitudes of more than 50,000 feet. These systems are typically deployed in the stratosphere layer applications such as surveillance systems, communication, and navigation. The most significant factor fuelling the growth of the HAPs market is the large competitive advantages of HAPs over satellite systems. HAPs offer lower system and maintenance costs than satellite systems. In addition, HAPs can be controlled more conveniently and require less installation time than satellite systems. Government & defense accounts for the largest share, in terms of revenue and adoption, of HAPs worldwide.

Thus, high investment on HAPs from countries such as the U.S., China, India, and Israel substantially contributes to the HAP market’s growth. On the basis of platform type, the global HAPs market is segmented into airships, UAV aircraft, and tethered aerostat systems. In 2014, the UAV aircraft segment accounted for the largest market share of over 71%, in terms of revenue, of the overall HAPs market. UAV aircraft are the costliest HAPs and provide the largest coverage areas. These aircraft are used in countries such as the U.S., China, Russia, Israel, Turkey, and France. Despite high costs, these aircraft have experienced strong demand from the aforementioned countries and hence the segment is anticipated to remain dominant throughout the forecast period.

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On the basis of payloads, the global HAPs market is segmented into communication, surveillance systems, EO/IR imaging systems, and navigation systems. In 2014, the communication segment accounted for the largest share of around 38%, in terms of revenue, of the total HAPs market. Communication systems are the most integral for HAPs. Moreover, the segment is anticipated to hold its dominant position throughout the forecast period due to upcoming HAP-based wireless communication projects. The segment is projected to expand at a CAGR of 10.0% from 2015 to 2023. Furthermore, in terms of applications, the government & defense sector stood for the largest revenue share of over 70% of the total market. Due to high spending on HAP-based surveillance systems, the segment is expected to hold its dominant position in the coming years.

On the basis of geography, North America led the global high altitude platforms market in 2014, with a share of around 31% of the total market. High penetration of UAV aircraft, coupled with strong spending on other lighter-than-air (LTA) systems is the prime factor responsible for growth in this region.

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The global high attitude platforms market comprises players such as TCOM L.P., Lockheed Martin Corporation, Raytheon Company, Aerostar International, Inc. (Raven Industries, Inc.), Lindstrand Technologies Ltd., ILC Dover LP., Israel Aviation Industries Ltd., AeroVironment, Inc., Worldwide Aeros Corporation, and Rafael Advanced Defense Systems Ltd.

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Cap Applicators Market – Growth in Food and Beverages to Up Market Game

The market for cap applicators is largely characterized by a high level of fragmentation due to the coexistence of sizable players, medium businesses, and small vendors. This differential placement of players within the market is being challenged by the large market players. Mergers and acquisitions have surfaced across the market due to the quest of the large players to capture a greater market share while expanding their geographical reach. An ardent packaging machinery player, Kliklok Woodman was acquired by Bosch Packaging Technology in 2015, which is an example of the growing inclinations towards acquisitioning. The contemporary day players in the global market for cap applicators include Tetra Pak, Closure System International, Tecnocap Group, Federal Mfg. Co., Accutek Packaging Equipment Companies, Inc.Krones Ag, Bosch Packaging Technology, Karmelle Liquid Filling & Capping Solutions Limited, E-PAK Machinery, Inc., and Crowns Holdings Inc.

A recent report by Transparency Market Research (TMR) finds that the global cap applicators market would be valued at US$1,866.7 mn by 2024 growing from US$1,133.8 mn in 2016, thus, registering a CAGR of 6.4% over the forecast period of 2016-2024. The automatic cap applicators are expected to outreach all other varieties of applicators in terms of revenue, beating the hand-held and semi-automatic types. On a geographical outlay, Asia Pacific is expected to be the undisputed leader of the market, and is expected to register a CAGR of 6.6% during the forecast period.

The packaging industry is expected to be assisted by the growth of the food and beverages industry in the coming years. Currently, 55% of the sales of the packaging industry is attained from the supplies to the food and beverage industry, which is anticipated to underhandedly aid the market for cap applicators. Moreover, the invention of rinsing machines, fillers, and capping technologies in the packaging machinery domain is due to a dire need for these equipment in the food industry.

Product manufacturers have evolved newer and highly customized versions of closures and caps while designing their products. This is a key trend in the industry because it would also augment the demand for multiple capping applicators that can affix into the changing designs. The market would, henceforth, benefit hugely from the new designs of caps within the manufacturing industry.

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Moreover, the preferences of the clients keep changing which prompts the manufacturers to bring in innovation, and cater to the demands of the clients. This is expected to create immense room for the cap applicators market once it starts receiving customization requests from manufacturers.

Employing Refurbished Applicators to Inhibit Market Growth

There is an awakening in the market with regards to the efficiency of used or refurbished capping machines that could perform most of the functions of the new machinery. This inclines the manufacturers to continue using the old equipment in order to avoid extra cost for new machinery. The affinity to use old machinery slackens the progress of the market, making it woeful for the cap applicator companies. Moreover, a peculiar problem faced by these companies is the long life of the cap applicators. Although, it should be a positive sign for the industry, and emphasize the credibility of market players, the long lasting equipment prevents the sale of new ones and hampers market growth. Despite the challenges, the innovations within the packaging industry along with the introduction of customized capping designs, the market is expected to remain affluent.

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Mobile Virtual Network Operator (MVNO) Market – Europe Trumps Implementation Rate of Mobile Virtual Networks

The global mobile virtual network operator (MVNO) market features a markedly high level of competition, notes Transparency Market Research (TMR).  The top players in the market include Verizon Communications, Virgin Group Ltd., and AT&T. These players are resorting to strategic mergers and acquisitions and entering into carefully through alliances across geographies, to consolidate their shares in various regions. Several small-sized vendors are considering it worthwhile to enter the market through the route of mutual partnerships and agreements. As small entrants look to gain a better foothold in the market, the competition in the market is likely to intensify in the coming years, observes TMR.

Several prominent players are anticipated to offer cutting-edge technologies and at competitive pricing to retain their dominance. For instance, leading players are finding it lucrative to expand their reach into niche and untapped segments, in order to stay ahead of their competitors. In a number of saturated markets, notably in developed regions, players are offering data-based services and value-added services in a bid to differentiate their offerings and boost their revenue earnings.

The global mobile virtual network operators market for mobile virtual network operators is projected to rise at a promising CAGR of 7.4% from 2015 to 2023, vis-à-vis revenue. The market was worth US$45.86 bn by the end of 2016 and is projected to reach a valuation of US$75.25 bn by the end of the forecast period.

The two primary subscriber bases of mobile virtual network operators are business and consumer; of these, individual consumers forms the leading segment currently. The dominance of this segment can be attributed to the vastly rising demand for low-cost data and voice-based services among a growing number of individual subscribers. Geographically, Europe is the leading market and is anticipated to hold the sway throughout the forecast period. The growth is driven by several key regulatory bodies supporting wide implementations of MVNOs and mobile network operators (MNOs). This regional market, though largely saturated, will benefit from the burgeoning development of low-cost differentiated value-added services. A promising rate of development in mobile virtual networks is also accentuating the growth of the Europe market.

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A burgeoning mobile network subscribers in various parts of the world and substantial leasing of significant part of 3G network bandwidth to MNOs and MVNOs are key factors driving the mobile virtual network operators market. The staggering rise in number of mobile network subscribers in various developed and developing nations is a notable factor bolstering the demand for data-related services or value-added services. The intensifying demand for low-cost data and voice services is a crucial factor accentuating the growth of the market. The rising demand for mobile network subscribers for establishing professional and secure applications among enterprises is a crucial factor boosting the market.

The rising delivery of customized services at affordable cost is a notable trend catalyzing the growth of the market. This can be attributed to less capital expenditure required for spectrum development and infrastructure. The advent of high-speed and reliable 4G networks in several developing and developed nations bodes well for the market. Coupled with constant infrastructural developments in developed nations, favorable governmental regulations are expected to accentuate the growth of the market.

Cannibalization Risk of MNO by MVNOs Likely to Hit Revenue Earnings

The growing number of mergers among MNOs and MVNOs in developed regions such as Europe is contributing to the overall growth of the market. However, the notable risk of market cannibalization of MNO by MVNOs is a crucial factor likely to cripple the growth of the market to an extent. Nevertheless, the availability of affordable data-based and voice services is a notable factor anticipated to provide a robust impetus to the market. Furthermore, the adoption of MVNO services among telecom players for establishing low-cost communications portals is likely to unlock exciting avenues in the market over the forecast period.

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Smart Airports Market – Adoption of Automation for Improving Operational Efficiencies Boost Market

Some of the leading players operating in the global smart airports market are Siemens AG, Cisco Systems, Inc., and IBM, finds Transparency Market Research (TMR). Top companies in the market are currently developing new and innovative products by integrating physical and digital infrastructures. These players mainly opt for strategic partnerships and acquisitions in order to consolidate their shares, notes TMR. A number of emerging players are developing products that are focused on transforming airport operations as well customer experience, in a move to explore new revenue streams in the market. Some of the players fast emerging in the market are QinetiQ, Amadeus IT Group, and The Raytheon Company. Companies anticipated to grow at a medium pace and have a robust standing include SITA and Honeywell International Inc.

The global market for smart airport solutions stood at US$7.56 bn in 2015 and is projected to expand at a CAGR of 10.8% from 2016 to 2024. The market is anticipated to reach US$19.33 bn by the end of the forecast period.

Based on application, the market is mainly segmented into core and business applications. Of these, the core application segment held the leading share in the market. The segment is anticipated to remain dominant, rising at the leading CAGR of 18.4% during the forecast period. The growth is majorly fueled by substantial investments by airport operators and airlines in various core applications, including next-generation web technologies.  Regionally, the market is segmented into North America, Europe, the Middle East & Africa, Asia Pacific, and Latin America. Of these, North America presently leads the global market.

The intensifying demand for automated services in the airline industry to enhance passenger experience and bring vast process improvements is a key factor driving the smart airports market. The rising demand for self-service solutions at airports for a variety of tasks such as bag recovery, check-in, and flight rebooking is expected to boost the market. The growing need for boosting passenger touch-points is a key factor bolstering the adoption of smart airport solutions among various stakeholders. The need for continuous, real-time communication is a key factor propelling the demand for smart airport solutions. In addition, the rising need for advanced security capabilities is a key factor catalyzing the demand for smart airports solutions.

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The soaring passenger traffic in various parts of the world and the burgeoning IT spending to constantly improve operations are the key factor expected to accentuate the smart airports market. In addition, the rise in IT spending toward the adoption of smart, real-time communications anytime, is a key factor expected to boost the smart airports market. The growing popularity of the self-service solutions at airports such as bag recoveries, check-ins, and flight re-bookings is a prominent trend bolstering the uptake of smart airport solutions. Furthermore, the growing adopting of digital grids that enable real-time operations and process integration in the airline industry is a key trend boosting the market.

Smart Airport Solutions Compelling Propositions to Explore New Revenue Streams

The high upfront cost required for maintaining high connectivity and the high investment required for a robust infrastructure are the key factors likely to hinder the market to an extent. Nevertheless, the need for lowering operating expenditure (OPEX) of the airline industry and explore new revenue streams are the key factors stimulating the demand for smart airport solutions. A number of emerging and maturing communications technologies are propelling the demand for new business models and strategies, to sustain a high growth in the airline industry.

The emergence of new corporate governance requirements in various developing and developed nations is a crucial trend anticipated to create lucrative avenues in the coming years. The demand for personalized and media-rich passenger services by unleashing next generation web technologies is further expected to throw up exciting opportunities for vendors.

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Packaging Robot Market – China Maintaining Asia Pacific as Most Lucrative Region

A fresh market intelligence study by Transparency Market Research (TMR) projects the demand in the global packaging robot market to increment at a strong CAGR of 14.0% during the forecast period of 2016 to 2024. The report has also detected that the competition in the global packaging robot market is intense, and every single prominent player is aggressive about branding strategies in order to gain ground over the competitors. The study has evaluated that the top ten players, including KUKA Roboter GmbH, ABB Ltd., FANUC Corporation, and Yaskawa Electric Corporation, accounted for 32% shares of the market in 2016.

As per the estimations provided by the report, the global packaging robot market will be worth US$5.03 bn by the end of the forecast period, which is 2024, considerably up from its evaluated valuation of merely US$1.67 bn in 2016. In the near future, the report foresees the competitive landscape of the packaging robot market to witness a number of mergers and acquisitions and joint ventures, a pattern that has been very evident in the recent past. For example, in March 2016, KUKA Roboter GmbH collaborated with Huawei Technologies Co. Ltd. For research and development activities, whereas Bosch Packaging Technology aligned a joint venture with Klenzaids Contamination Controls Private Limited, an Indian firm. Along the same lines, FANUC Corporation has increased its focus on machine learning via its partnership with Preferred Networks Inc.

Picking Packaging Robot Garner Maximum Demand

Based on end-use industries, the global packaging robot market has been segmented into cosmetics and personal care, food, beverages, pharmaceuticals, chemical manufacturing, tracking, logistics, and transport, and consumer goods. While the late but very evident penetration of e-commerce in the emerging economies in Asia Pacific, such as India, which houses vast population, the tracking, logistics, and transport segment is expected to gain from, whereas food and beverage segments will gain from changing lifestyle of the urban population. Application-wise, the report categorizes the global packaging robot market into picking, packing including tray and cases, and palletizing, including bag palletizing, case palletizing, and de-palletizing. In 2016, picking packaging robot segment accounted for 39% of the demand, which was a reflection of increasing consumption of consumer products and food and beverages as a result of changing lifestyles among the urban population.

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Out of all important regions studied in by this report for the potential of packaging robot market, such as North America, Europe, and Asia Pacific, the latter is currently most profitable, projected to account for 64.5% of the global demand in 2024. Escalating usage of packaging robots in FMCG as well as food and beverage industries is the reason behind the substantial demand from Asia Pacific, which houses nearly the half of the world’s population. China, with its flourishing industrial packaging demand, is expected to keep Asia Pacific at the forefront of packaging robot market throughout the forecast period.

Increased Efficiency Driving Demand

High accuracy, reduced production damage, superior efficiency, and tireless functioning are some of the key factors pushing the adoption of packaging robots. Increase in the need for automation in various industries to increase the efficiency, and in turn production, and cost reduction advantages offered by the robots are two of the key factors augmenting the demand in the global packaging robot market. On the other hand, high initial cost and the lack of skilled labor are two key challenges faced by the packaging robot market.

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Plastic Bags & Sacks Market – LLDPE and LDPE Sub-segments Projected for Healthy Growth

According to a recent study by a group of professional market research analysts at Transparency Market Research (TMR), the global plastic bags and sacks market is high fragmented and the competition is getting stiffer, with introduction of new products. Most of the vendors operating in this market have full capabilities, and regularly indulge in mergers and acquisitions to strengthen their position. Some of the key vendors identified by the TMR report that are currently functioning in the global plastic bag and sacks market are Mondi Group, Bischof & Klein GmbH & Co, Berry Plastics Inc., Novolex, AEP Industries Inc., Alpha Poly, Ampac Holdings LLC, Goglio Group, Arihant Packaging, Interplast Group, Da Nang Plastic Joint Stock Company, Hanoi Plastic Bag JSC, and Schur Flexibles Group.

As per the projections provided by the TMR report, the global plastic bag and sacks market will increment the demand at a moderate CAGR of 3.0% during the forecast period of 2016 to 2024, growing steadily from its evaluated worth of US$18.2 bn in 2015. Development of customized products based on end-users preferences and acquisition of unorganized players are two key strategies adopted by the market leaders to maintain their stronghold over the fragmented market.

Based on material, the TMR report segments the global plastic bags and sacks market into biodegradable and non-biodegradable. While biodegradable segment is further divided into polyhydroxyalkanoates (PHA), polylactic acid (PLA), and starch blend resin, non-biodegradable segment is bifurcated into low density polyethylene (LDPE), high density polyethylene (HDPE), polypropylene (PP), linear low density polyethylene (LLDPE), and polystyrene (PS). In the market in its present scenario, non-biodegradable accounts for the most prominent share of demand in the global plastic bags and sacks market in terms of volume, although biodegradable segment is projected for the best growth rate during the forecast period. Among the biodegradable plastics and sacks segment, HDPE sub-segment continues to serve the maximum demand, although LLDPE and LDPE sub-segments are anticipated to gain incremented demand in the near future.

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Based on product, the report segments the global plastic bags and sacks market into gusseted bags, trash bags, t-shirt bags, lay flat bags, woven sacks, and rubble sacks, while application-wise, the market has been bifurcated into retail and consumer including grocery products, food and beverages, and clothing apparel, and institutional, including hospitals and healthcare facility and hospitality.

Geographically, the report takes stock of the plastic bags and sacks market in the regions of Europe, Asia Pacific, North America, Latin America, and The Middle East and Africa. While Europe and North America currently serve the maximum demand, stringent environment regulations in various countries in these parts are expected to considerably obstruct the demand for non-biodegradable plastic bags and sacks, and force the vendors to innovate for bio-degradable products. Asia Pacific, on other hand, has slightly flexible environmental regulations, and hence is projected to expand the demand at most prominent rate during the forecast period of 2016 to 2024.

Rising Disposable Income Driving Demand

Plastic bag remain as common form of minimized packaging for consumers across the globe, as it slender raw material in comparison to cartoons, boxes, and jars. Factors such increasing disposable income among the urban population, improvement in global economic performance, advancements in biodegradable plastic bags and sacks, and increasing demand for consumer goods and grocery are some of the key factors driving the demand in the global plastic bags and sacks market.

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