Transparent Barrier Films Market | Get In-depth Industry Analysis by TMR

Transparent barrier films have been an essential part of the packaging industry and since past 10 years have been gaining significant attention of manufacturers owing to their high application in the packaging of products such as foods and toiletries, electronic devices, and industrial materials. Transparent barrier films are coated with an inorganic layer coating on the surface through vapor deposition processing to suit multiple applications. Transparent barrier film prevents the permeations of gases, such as water vapor and oxygen, into the packaged content. It therefore helps keeping the content fresh and protects it from deterioration, such as rotting, drying, color and aroma loss, and vitamin breakdown caused due to the exposure to oxygen and water.

With the various developments and extensive research related to packaging technology, transparent barrier films now also allow electromagnetic permeability, which allows the content to be cooked or heated in ovens and microwaves. High demand from various industries, such as pharmaceuticals, consumer goods, and specifically food and beverages industry, has provided a significant boost to the transparent barrier film market.

The rise in demand for transparent barrier films can also be attributed to the growing focus of the consumers on convenience and sustainability. However, the market in certain regions is restricted owing to the increasing environmental regulations in these regions, and also because of the competition posed by cheap alternate technologies.

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The transparent barrier film market is segmented on the basis of end user industry into food & beverages, pharmaceutical packaging, personal care product packaging, household care product packaging, and other non-packaging markets. The food packaging market segment is the largest end user segment in the transparent barrier film market and is anticipated to remain the most dominant segment in the market during the forecast period. 

Transparent barrier films are also being used for the encapsulation of electronic devices and flexible solar cells and, thus, have a significant growth potential in the coming years.  The transparent barrier film market is segmented on the basis of polymer type into PET, polyamide, polypropylene, polyethylene, and others. On the basis of different coatings, the transparent barrier film market is segmented into silicon oxide, aluminum oxide, and ceramics.

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Driver Monitoring System (DMS) Market to Change the Future of Automotive Experience

Driver monitoring system (DMS) is a vehicle or driver safety system. Driver monitoring system (DMS) is used to monitor driver attentiveness through infrared sensors. It contains a CCD camera positioned on the steering column that is capable of tracking the eye of the driver. The system warns the driver through warning sounds and flashing lights if any dangerous situation is detected. The vehicle applies the brakes automatically if the driver does not take action in time. Driver monitoring system (DMS) monitors the driver for signs of inattention or sleepiness by using an infrared LED and a camera. Its features include distraction warning, dozing/drowsiness warning, and facial recognition.

The global driver monitoring system (DMS) market is primarily driven by the increase in need for safety for drivers. Rise in vehicular accidents has boosted the adoption of driver monitoring system (DMS). These accidents can be primarily ascribed to driver distraction, fatigue, and lack of alertness owing to drink and drive cases. Furthermore, increase in need for efficient, safe, and convenient driving experience is another key factor propelling the global driver monitoring system (DMS) market.

Presence of tight government safety regulations regarding driver safety is anticipated to fuel the demand for driver monitoring system (DMS) in the automation industry across the world. This is mainly because of vehicle companies have increased the safety content of their vehicles according to the government regulations and market. Currently, expansion in the luxury cars market is expected to boost the driver monitoring system (DMS) market across the globe. However, high cost of driver monitoring system (DMS) is a key factor anticipated to hamper the global driver monitoring system (DMS) market during the forecast period.

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The global driver monitoring system (DMS) market can be segmented based on component, vehicle class, monitoring type, material type, vehicle drive type, and region. Based on component, the driver monitoring system (DMS) market can be bifurcated into software and hardware. In terms of vehicle class, the driver monitoring system (DMS) market can be classified into passenger vehicles and commercial vehicles.

In terms of monitoring type, the driver monitoring system (DMS) market can be divided into driver alertness/distraction monitoring, driver fatigue monitoring, drunk driving monitoring, and identity recognition. Based on material type, the market can be segregated into image sensors/cameras, pressure mats, infrared sensors, strain gauges, and steering angle sensors. In terms of vehicle drive type, the driver monitoring system (DMS) market can be classified into IC engine vehicles and electric/battery vehicles.

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Economic Scope in Upcoming Driver Safety Systems Market | Business Opportunities in 2019

Players within the global driver safety systems market are striving to develop advanced systems in order to gain a competitive edge above the others. Leading players with in the market are developing Innovative features in order to maintain their positions in the market, says Transparency Market Research (TMR) in its latest research report on this market. An increasing number of market players are focusing their efforts on introducing advanced yet inexpensive driver assistance technologies. Some of the leading players within the global driver safety systems market are: Magna International Inc., Continental AG, Robert Bosch GmbH, Seeing Machines, Smart Eye AB, Valeo S.A., Denso Corporation, and Infineon Technologies AG.

According to the report, the global driver safety systems Market is anticipated to rise from US$1,921.3 Mn in 2017 to reach US$2,750.0 by the end of 2022. The market is anticipated to expand at a CAGR of 7.4% from 2017 to 2022. On the basis of technology, the global driver safety systems market is segmented into facial expressions, steering angle sensor, heart rate monitoring, eye tracking, and lane departure system. Of these, the eye tracking segment is anticipated to enjoy higher demand among car buyers. This segment was valued at US$ 456.6 Mn and accounted for 23.8% of the total market in 2017. The eye tracking segment is anticipated to exhibit and 8.1% CAGR between 2017 and 2022 and account for 24.5% of the total market by 2022.

On the basis of geography, it is anticipated that Asia Pacific excluding Japan APEJ will hold the maximum share of the market. The APEJ segment will expand at an 8.4% CAGR from 2017 to 2022. It is anticipated to gain 138 basis point market share by 2022. The market’s growth in Asia Pacific excluding Japan is attributed to the adoption of driver safety systems in passenger cars. The high demand from emerging economies in Asia Pacific excluding Japan his behind the leading status of this region within the driver safety systems market.

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Increasing Demand For Convenience And Rising Number Of Road Accidents Driving Market

Rising demand for convenience and passenger safety along with driver safety has led to the growth of the global driver safety systems market. The rising adoption of advanced driver assistance systems has led to a rise in the adoption of driver safety systems in compare, commercial, and mid-sized vehicles, and all types of cars. This market is also boosted by various initiatives taken by government for the improvement of safety of passengers as well as for the reduction of road accidents. Car makers are thus pressurized to adopt and implement driver safety systems on account of the growing focus of the government with regards to the safety of drivers and passengers.

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Safety Programmable Logic Controller Market – Internet of Things to Change the Competitive Environment

A safety programmable logic controller is a dedicated controller specially built to meet certain safety requirements such as the ISO 13849-1, IEC 62061 and IEC 61508 functional safety directives that define the Safety Integrity Level or the risk reduction level enabled by a particular safety function. There are several important differences at the hardware level between the physical programmable logic controller and the safety logic controller. The main difference between the two is the presence of self-checking and redundancy mechanisms in the safety programmable logic controllers that are not found in the standard programmable logic controller.

Another key difference is in the input and output stage. In the case of the former, a safety programmable logic controller continuously keeps track of the input status to identify and malfunctions or failures that could indicate a problem in the machine itself or sometime in the future. In the latter case, there is additional safety circuitry between a connected device and the output meant to limit the damage to the external device in the event of any fault of malfunction.

So how can it be decided if an organisation needs a regular programmable logic controller or a safety programmable logic controller? Typically, the machine safety requirements are understood in one of two ways; by the safety regulations governing machines in the country where it is going to be used or on the basis of the machine type designed. For e.g.- there are substantial machine safety requirement differences between the U.S. and the E.U. or between the E.U. and China. Even machines deployed in the food and beverage industry, a stamping press controller, or an oil refinery controller have different safety requirements that must be taken into account.

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The four main categories available in the safety programmable logic controller market are –

• Category 1 – Lowest category safety circuit. Single channel relay to safety
• Category 2 – Two channel safety circuit. The first channel is hardwired to an e-stop chain while the second channel can be either the PLC monitoring on safety switch auxiliary contact or another hardwire
• Category 3 – Two hardwired channels in a safety circuit. Those drives that have a ‘safe off’ feature are included in this category
• Category 4 – Two hardwired channels for a safety circuit with a safety relay that is self-monitoring. Category 4 is the toughest category and is the most popular in the automobile industry.

Safety Programmable Logic Controller Market: Advantages and disadvantages of safety programmable logic controllers

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The main advantages of a safety programmable logic controller are –

• Major savings in the field wiring, particularly in safety categories 3 and 4
• Highly flexible and scalable
• Remote I/O capability with an added element of safety
• Standard and safety controls in one unit
• Adequate diagnostic capability
• Perfect for many e-stop zone applications

There few disadvantages of safety programmable logic controller are –

• Higher upfront cost
• Requires a certain degree of programming
• Slightly complex for some applications
• Requires maintenance experts with specialized skills

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Ten-Year Forecast of Disruptive Technologies in Silo Bags Market to 2026

According to TMR’s report, the global silo bags market is expected to witness robust growth. The market is projected to register 6.5% CAGR during the forecast period 2017-2026. It is also projected to bring in US$ 693.2 million revenue by the end of 2026.

 

In regards to application, silo bags are expected to be largely used for grain storage during the forecast period 2017-2026. Geographically, North America is expected to remain dominant in the global silo bags market during the forecast period 2017-2026.

Rising Demand for Cost Efficient Storage of Grains to Augment Product Demand

The global silo bags market is witnessing growth due to the growth in awareness regarding wastage of grains at the time of cultivation. The pressure on the production of agricultural crops is increasing owing to the rising population. Hence, the demand for silo bags is also growing as they can protect grain for a long time and help in meeting the ever-increasing demand for grains.

The need for a cost-efficient solution for storage of grains and animal fodder has led to extensive preference for silo bags among farmers in the U.S. and Canada. The North America silo bags market is expected to witness healthy growth rate owing to small farmers demanding silo bags for short-term and affordable packaging and storage purposes.

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Rising demand for convenience packaging among new generation farmers has compelled the manufacturers of silo bags to innovate in terms of optimum space requirements, storage efficiency, high performance and flexible plastic sheets.

Stringent Environmental Regulations May Hamper Market Growth

Stringent guidelines issued by regulating authorities concerning food and environment have consequential implications on the silo bags market in North America. Stringent FDA regulations regarding the use of harmful chemical substances, and also various regulations for specific thickness, length and breadth for manufacturing of silo bags has led to market preference for alternative environment friendly products.

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Rapid Growth in E-Commerce Sector Fuel Demand for Automated Parcel Delivery Terminals

Globalization along with improved technology has boosted e-commerce sector phenomenally. Nowadays, online ordering and there is also a rise seen in cross-border delivery, which has augmented demand for automated parcel delivery terminals. Moreover, developing advanced distribution channel and the presence of swift modes of delivery have further boosted growth in the global automated parcel delivery terminals market. 

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Seeing growth in the e-commerce sector and advantages of using automated parcel delivery terminals, governments across the globe have started installing these terminals. Availability of these terminals has simplified the difficulty that was faced while fetching parcels. According to a market research company, the global automated parcel delivery terminals market is expected to rise at a staggering 12.3% CAGR between 2017 and 2025. Over this tenure, the market is expected to reach a valuation of US$1.03 bn by the end of 2025. 

Another significant contribution is made by players operating in the global automated parcel delivery terminals market. Players such as ByBox Holdings Ltd., TZ Ltd., Bell and Howell, LLC., ENGY Company, Neopost group, and Winnsen Industry Co., Ltd. are making sincere efforts in using advanced technologies to enhance services of automated parcel delivery terminals. Moreover, the entry of new players in the market is also expected to diversify the market at a great extent. Therefore, this market is seems fragmented due to the presence of a large number of old and new players operating in the global automated parcel delivery terminals market.

Cross-Border Delivery to Flourish Growth for Automated Parcel Delivery Terminals

A significant rise in the use of internet and advanced technologies has resulted in the growth of online sales. This is a crucial factor augmenting growth in the global automated parcel delivery terminals market. Advancements taking place in distribution channels and the presence of swift delivery modes have contributed to growing this market. In addition, rising cross border parcel system on a regular basis is also a primary factor driving growth in the global automated parcel delivery terminals market.

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Rising Standards Of Living Surge Demand in Global Air Conditioning Systems Market

Globally, the living standard of the people has increased largely due to rapid economic development has increased demand for air conditioners. Air conditioning systems have gained huge popularity in the last couple of years. Moreover, the popularity of inverter air and smart thermostats conditioners has also grown thus, driving overall demand in the global air conditioning market. Its application is seen in the industrial, residential, and commercial sector. As the demand for air conditioning systems has increased at a large scale, various manufacturers are focusing on improving the efficiency of these systems by following energy conservation norms. 

A market research company stated that the global air conditioning systems would rise at a steady 5.1% CAGR between 2016 and 2024. Over this tenure, the market will attain a valuation of US$167 bn by the end of 2024. These figures denote to the growing environmental consciousness that forced players to develop energy efficient systems. 

Adding to it, rising pressure from the government to create more energy efficient air conditioners has also encouraged players to taken conscious efforts in developing these types of systems. In fact, few players in developing regions are also managing their profits by lowering the prices of air conditioning systems. However, this diminishes their profit margins, as they are forced to manage prices as per customers’ capabilities. 

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Eco-Friendly Air Conditioning System Strengthened the Position of North America 

Players manufacturing air conditioning systems are now focusing on using new and advanced strategies to develop eco-friendly air conditioning systems; this will further expand growth in the global air conditioning systems market. Moreover, changing government policies that favor environment-friendly systems has also pressurized these to develop better and advanced environment safe air conditioning systems. In addition, players are also using advanced air purifying technologies that have further augmented growth in the global air conditioning systems market. On the other hand, rapid economic development and increasing living standards have boosted demand for air conditioning systems in Asia Pacific as well.

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