Terrestrial Trunked Radio (TETRA) Market Became a Highly Profitable Industry: Revenue Analysis and Industry Forecast, 2018-2026

A fresh market intelligence study by Transparency Market Research (TMR) detects the global terrestrial trunked radio (TETRA) market is largely a concentrated one with key market share held by a few dominant players that operate globally as well in regional markets. In a highly competitive business landscape, prominent companies are striving to stay ahead by providing differentiator services such as in public safety and critical communication spaces. This is also helping these companies to expand their geographical outreach. For instance, in May 2017, Hytera Communications acquired Sepura Gropup Plc. to expand their services in the European region.

Key players that operate in the global TETRA market include Motorola Solutions, ROHILL Engineering B.V., Damm Cellular Systems A/S, Airbus Defense and Space Oy, Rolta India Limited, Simoco Wireless Solutions, Cobham plc, JVCKENWOOD Corporation, Hytera Communications, and Leonardo among others.

As per the TMR report, the global TETRA market is likely to expand at a healthy 11.97% CAGR during the forecast period from 2017 to 2025. At this pace, the market will become worth US$12,166.7 mn by the end of 2025.

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The application segments of the global TETRA market include transportation and logistics, aviation, oil & gas, public safety, and others. Of them, the public safety segment is anticipated to account for the leading revenue contribution to the overall market over the forecast period. Among the key component types, hardware is likely to occupy for the leading 43.9% revenue contribution to the TETRA market by 2025. Geography-wise, Asia Pacific TETRA market is a significant one mainly due to the adoption of TETRA in a host of service areas.

Foolproof Communication Needs of Public Safety Agencies Boosts Adoption

First and foremost, the rising need to provide foolproof mission-control critical communication system for homeland security of nations is primarily driving the TETRA market. Further, the need to serve communication needs of various public safety agencies such as fire department, police, utility companies, and other services is also stoking the market’s growth. These agencies handle critical information that needs to be transmitted in a timely manner.

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Biometric Sensors Market | How It Is Going To Impact On Global Industry To Grow In Near Future

The global biometric sensors market depicts the presence of a substantially competitive landscape, says Transprarency Market Research, based on a research report. Numerous local as well as international companies operate in this market. Most companies are incorporating strategies such as mergers and acquisitions, collaborations, and partnerships, expand in the global biometric sensors market. Moreover, the players are also focusing on improving the device quality as well as services provided. The competition is likely to intensify as the number of companies grows in the global biometric sensors market. Some of the major players operating in the market are CrossMatch Technologies, Inc., Infineon Technologies AG, 3M, NEC Corporation, ZKTeco Inc, Suprema Inc., IDEX ASA, Precise Biometrics Ab, and Safran, among several others. 

According to expert analysts from Transparency Market Research, the global biometric sensors market is prognosticated to expand at a splendid CAGR of 9.6% during the forecast period ranging from 2015 to 2023. The market had registered revenue worth US$710.0 mn in 2014. This revenue is expected to reach a valuation of 1625.8 mn by the end of the forecast period. 

The global biometric sensors market is segmented on the basis of type, application, and end use. With respect to application, the market showcases the fingerprint sensors segment to lead with highest revenue generation capacity. This is mainly due to an increase in demand and use of authentication-based services. This is mainly due safeguard and secure important data and other information stored in systems. From a regional perspective, Asia Pacific holds a leading position in the global biometric sensors market, mainly due to increasing number of corporate companies in the region. 

Increasing Need for High Security Standards Boosts Biosensors Market’s Growth

The demand for fingerprint identification is increasing by the day, mainly due to rising use of latest smart devices and smart phones. Several organizations need to store classified information. Moreover, entry to several places needs to be facilitated through restriction. These are major reasons that necessitate the use of biometric sensors, thereby driving growth in the global biometric sensors market.

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In addition, with several advancements in technology occurring at a breath-neck pace, an increasing level of sophistication exists in terms of security and data protection. This factor too majorly contributes towards the global biometric sensors market’s expansion. The sensor technology is being made substantially lightweight and compact, as well as equipped with state-of-the-art security features. With increasing demand for such advantages and features, the global biometric sensors market is expected to witness a major surge in terms of revenue generation in the near future. 

Lack of Availability and Standardization Issues Hamper Market’s Presence

However most of the sensors are substantially expense. This might make it difficult for several small organizations having less capital to procure them. Moreover, these sensors are still not in vogue in various developing as well as underdeveloped economies as a result of high cost and less availability. These are two major factors acting as restraints affecting the global biometric sensors market. There also exists lack of standardization in terms of development and implementation of sensor devices.

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Growth of the Manufacturing Industry to Fuel the Smart Home Market

Digital has become the most preferred medium of communication today. While it facilitates communication between two individuals, it has also opened avenues for humans to communicate with gadgets. For instance, one could switch on his bathroom’s geyser while driving back home from work, and instantly step into the shower. These are called smart devices and fall under the global smart home market.

In the last few years, the global smart home market has caught pace, thanks to the surge in consumption of smartphones and internet. A Transparency Market Research Study analyzes the global smart home market and predicts that the market would grow at an astounding CAGR of 18.4% during the forecast period. The global smart home market was valued at US$36.27bn in 2017, analysts at TMR cite in the report.

Innovation forms the fulcrum for competition in the global smart home market as competitors strive hard to roll out products that would attract the attention of consumers. As the tech savvy population grows across the world, demands will also vary from one geography to another. This will push players in the global smart home market to develop variants that suit a wide variety of requirements.

When it comes to regions, the global smart home market is scattered across the world. Technologically advanced nations like the U.S. and Canda propel demand in North America. Therefore, this region is expected to reign the global smart home market. Further, players in the global smart home market will have a keen eye on Asia Pacific as demand for smart home devices is growing in countries like India, China, Malaysia, South Korea, and Japan.

 

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Easy Access to Internet Spurs Demand

The primary requirement for the global smart home market is internet. Today, every corner of the world is connected with internet. Smart home devices are connected to the internet and have to be controlled by an external device, or can be by used by voice command. Today, most people possess a smartphone which is connected to internet, thus promoting possibilities of consumption in the global smart home market.

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3D Sensor Market is Forecast to Reach US$ 2,556.6 Mn by 2026

According to a new market report pertaining to the 3D sensor market, published by Transparency Market Research, the global 3D sensor market is expected to reach US$ 2,556.6 Mn by 2026, expanding at a CAGR of 7.2% from 2018 to 2026. According to the report, the global 3D sensor market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 7.9% through 2026.

Need to improve performance of electronic devices driving the global 3D sensor market

Most 3D sensors enhance performance of consumer electronic devices including smartphones, laptops, cameras, and gaming devices, apart from many other automotive, and healthcare applications. The additional features provided by 3D sensors such as depth sensing, augmented reality in gaming devices, and some other significant features improves performance of these devices and offers better user experience. This has led to the growth in integration of 3D sensors in electronic devices which helps to drive the global 3D sensor market.

3D Sensor Market: Scope of the Report 

The global 3D sensor market is broadly segmented in terms of type, technology, end use, and region. By type, the global 3D sensor market is segmented into image sensor, position sensor, acoustic sensor, proximity sensor, and others. Among all the sensor types, the image sensor segment held the highest market share of 48.83% in 2017. Image sensors offer artificial intelligence in smartphones introduced by some of the leading players such as Apple. Apple has already taken the lead to include image sensors in their smartphones, and other companies are also following the same trend.

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Hence, the image sensor segment is anticipated to be the dominant segment with the highest CAGR of 7.9%. By technology, the global 3D sensor market is segmented into stereo vision, time-of-flight, structured sensor, infrared sensor technology, and hall technology. Among these technologies, time-of-flight contributed the largest market share of 37.18% in 2017 and is anticipated to dominate the market during the forecast period owing to increasing adoption in multiple applications. This is mainly due to much higher frame provided by time-of-flight compared to other technologies.

Based on end use, the market is segmented into consumer electronics, healthcare, aerospace & defense, automotive, industrial robotics, security & surveillance, media & entertainment, and others. Among the end users, automotive sector is anticipated to dominate the global 3D sensor market with the highest CAGR of 8.3% throughout the forecast period. 3D sensors are used in vehicles for real-time imaging in various applications such as passenger monitoring, autonomous driving, and to monitor driver attentiveness. This has influenced the use of 3D sensors inside vehicles which is resulting in increasing growth scale of 3D sensors in the automotive sector.

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Slider Zipper for Packaging Market Witnessed To Take An Uptick In The Forecast Year 2028

Slider zippers are commonly utilized in primary packaging. Slider zippers, helps reinforce primary packaging which is done to preserve and protect the constituents of the package from contamination and damage. Slider technology employ a small sliding piece which helps in opening and closing the package. Apart from being light weight, these slider zipper for packaging ensures that the constituents of the package are completely sealed off from the environment.

Plastic pouches along with other packaging formats can easily be fitted with slider zippers. Slider zipper adds reclosability to the aforementioned packaging formats. Slider zippers can also be useful for the packaging of products or materials which require repeated access. Their reclosability adds only a small cost to the packaging, yet significantly increases the perceived value. Along with that, slider zippers for packaging greatly intensifies the convenience, portability and single-handed use.

Companies functioning in the slider zipper for packaging market are involved in a lot of research and development to find new applications for them. Among the major innovations in the market are the Fresh-Lock press-to-close zippers by Presto Products Company. The company has also innovated closure systems called Slide-Rite and Child-Guard child-resistant technology. Also, the companies in the Slider zipper for packaging market, to reduce the waste and encourage recycling, are looking for new ways to manufacture such zippers. With aforementioned developments in the slider zipper for packaging market, the sale of such slider zipper for packaging is expected to surge and provide positive push for the market in the years to come.

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Some of the key players operating in the global slider zipper for packaging market are – Tier I (Presto Products Company, The YKK Group, SVP Packing Industry Pvt Ltd., UVA Packaging, Layfield Group Ltd., Zip-Pak, Inc.), Tier II (Millennium Packaging & Marketing, Diamond Flexible Packaging, Olympic Zipper Limited, Fujian SBS Zipper Science & Technology Co.Ltd., Zhejiang Sandeli Zipper Co., Ltd., Goel Zippers, Ansun Multitech), Tier III (Guangzhou QLQ Enterprise Co.,Ltd., Zhejiang Dawei Zipper Co., Ltd., Kao Shing Zipper Co., Ltd., Lenzip Mfg. Corp., Euro-A Zipper Company Limited, W&T Company Inc., NEO Zipper Co., Ltd., and Ditta Giovanni Lanfranchi S.p.A.).

Future Prospects

The growth in the disposable income around the world is expected to entice the demand for slider zipper for packaging market as more and more people use them. Furthermore, the convenience these slider zippers provide to the end-users is also expected to be a major factor driving the market. Moreover, the change in lifestyle owing to the increasing urbanization is also projected to add to the demand for slider zipper for packaging market. While the market is expected to ascend in the next few years, there are certain challenges too. The difficulty in recycling the slider zippers for packaging is expected to offer resistance to market growth in the coming years.

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Ultra Violet Glass Bottles Market | Key Development Opportunities Hidden In Emerging Economies

Ultra violet glass bottles, as opposed to the conventional glass bottles, offer a lot more advantages. Ultra violet glass bottles help in extending the freshness and potency of stored materials, contrasting to the conventional glass bottles which just store contents. Conventional glass bottles provide improper protection against visible light as compared to the ultra violet glass bottles which can extend the freshness of the stored material by blocking out the harmful spectrum of visible light responsible for degradation and decomposition while selectively allowing infrared and UV-A rays. These bottles can preserve goods ranging from six months to two years.

Ultra violet glass bottles are airtight, thus locking-in the freshness & fragrance inside them. In addition to that, ultra violet glass bottles are eco-friendly. Ultra violet glass bottles are fairly durable as they are made of special pigmented glass which is thicker than conventional glass bottles. They can easily survive most everyday carpet falls. Moreover, such bottles look aesthetically beautiful and premium, making them a great proposition for cosmetic and food companies. Compared to other packaging formats made of plastic, ultra violet glass bottles do not contain additives/chemicals that might influence the hardness, or the texture of material stored.

Companies operating in the ultra violet glass bottles market are involved in a lot of research and development to find new application for these bottles. Also, these manufacturers in the ultra violet glass bottles market, to reduce the waste and encourage recycling, are looking for new ways to create even lighter glass bottles. With aforementioned developments in the ultra violet glass bottles market, the sale of such ultra violet glass bottles is expected to increase and provide positive push for the market in the years to come.

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Some of the key players operating in the global Ultra Violet Glass Bottles market are – Tier I (Infinity Jars, MIRON Violetglass BV, JUVITUS), Tier II (PremiumVials, LA Container Inc., MONVERA GLASS DÉCOR, JZ), Tier III (New arts, QINGTEAN, Qingdao Xinte Packaging Co., Ltd., WELLBOTTLE, Ruipack, YM bottle, SDU, bottlecn, YB, F&C, Hongyuan, and Sheenland).

The increasing awareness about the advantages of ultra violet glass bottles is also anticipated to emerge as a major driver of growth. Their growing usage in medicine, food & beverage and cosmetics as these bottles can keep their constituents fresh and intact is also projected to boost the market size in the coming years. While the market is expected to spur in the next few years, there have been challenges too. Ultra violet glass bottles are typically more expensive than conventional glass bottles. Their high price is expected to hinder the growth of the market. Moreover, ultra violet glass bottles have low penetration rate in the developing world.

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Medication Dispensing & Packaging Systems Market Forcasted for Accelerated Growth by 2026

According to various surveys that have taken place globally, it has been found that around 5% of the patients have to go to medical attention due to wrong consumption of medication. The automatic medication dispensing & packaging systems has provided an efficient solution for this concern by dispensing medication for one time intake in a sachet with the patient and medication details. Moreover, this adds great ease in handling a large volume of medication prescription in a much lesser time.

The automatic medication dispensing & packaging systems have evolved from the tabletop unit dose medication pouch packaging systems which contain a single small canister of tablets and dispense tablets in pouch according to operator’s instructions. Pharmacy automation technology, including medication dispensing & packaging systems market, is rising at a considerable pace majorly in developed countries of North America and Western Europe due to a large number of retail pharmacy chains operating regionally and handling a large volume of prescriptions.

Majority of the players in global medication dispensing & packaging systems market are focusing on establishing a strategic partnership with end-users such as retail pharmacy chains, hospital pharmacies, long-term care pharmacies and others. Regarding technological advancements, the operating speed of medication dispensing & packaging systems has grown from 2,400 pouches to 18,000 pouches per hour. This has enabled pharmacies to minimize workforce and eliminate human errors in serving prescribed medication to the consumer.

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Integration of medication verification systems has added great operating accuracy and consumer satisfaction with the service provided by the pharmacy. Advanced operating systems incorporated in the medication dispensing & packaging systems has enabled usage of various application software that performs several patient and medication related analysis and stores information for future reference. These developments has propelled the medication dispensing & packaging systems market.

The medication dispensing & packaging systems market is dependent on the investment capability and growth of the pharmaceuticals and healthcare industry. Therefore, to arrive at the regional market share of the global medication dispensing & packaging systems market, all the countries in each region are studied with respect to the pharmaceuticals market and trade data, GDP in each country which indicates the investment capability of consumers and pharmacies, availability of raw materials and machinery manufacturing industry, and few other factors are studied and given suitable weight to arrive at the market share of each region.

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