Autonomous Material Handling Equipment Market Insights on Emerging Scope

• Autonomous material handling equipment is usually known as automated equipment, mainly employed for movement (lifting and placement) of discrete loads in a manufacturing unit or workstation. Many types of autonomous material handling equipment are offered for different operational applications including storage, assembly, waste handling, and distribution.
• Usage of autonomous material handling equipment is significantly increasing among various industries such as logistics, aerospace, and automotive, as organizing & managing the industrial unit or warehouse.

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Increasing demand for automated guided vehicles (AGVs) driving the global autonomous material handling equipment market

• Automated material handling vehicles are also known as automated guided vehicles (AGVs), which are used to relocate or transfer materials in warehouses or industrial units. Automated guided vehicles (AGV) are armed with a vehicle fleet management platform in order to deliver optimum productivity in automotive and manufacturing industries. In addition, an AGV fleet management software/platform is specifically designed for fleet, traffic, and further logistics purposes. The fleet management software/platform generally helps industries to enhance their operational efficiency and logistics flexibilities. AGV fleet management platform can reduce operational costs as well as the labor force for automotive and other manufacturers. It also enables industries to implement advanced material handling techniques and decrease waste incurred in industrial processes.
• Moreover, AGVs are majorly controlled and organized by advanced software, which is assimilated in vehicles and enables control and navigation of the vehicles. Additionally, various manufacturers or vendors are introducing mobile robots and vision guided vehicles to generate opportunities for the AGV fleet management software/platform. Automotive and manufacturing industries are emphasizing on increasing productivity and minimizing operational cost by employing automated guided vehicles (AGVs). This is expected to boost the growth of the autonomous material handling equipment market worldwide.

High initial investment expected to significantly hamper the autonomous material handling equipment market

• The primary or initial cost of installing and integrating autonomous material handling equipment is fairly high, that restricts the usage of these equipment in various industries. Therefore, high initial investment is significantly expected to hamper the autonomous material handling equipment market during the forecast period. However, introduction of new technologies and increasing spending in the automotive and manufacturing sector is expected to reduce the initial cost of automated material handling equipment in the future.

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North America to hold major share of the global autonomous material handling equipment market

• In terms of region, the global autonomous material handling equipment market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is anticipated to account for major share of the global autonomous material handling equipment market during the forecast period due to adoption of advanced manufacturing techniques and to minimize the waste incurred in the manufacturing process, specifically in the U.S. and Canada. Europe is estimated to be the second largest market for autonomous material handling equipment from 2019 to 2027, owing to an increase in investment and entry of leading automobile players, which is likely to help the growth of the autonomous material handling equipment market in the region.
• Asia Pacific is projected to be a rapidly expanding region of the global autonomous material handling equipment market during the forecast period owing to the increasing demand for automation and material handling equipment in distribution facilities and automobile assembly centers specifically in Singapore, China, India, Malaysia, South Korea etc., which is expected to increase the adoption of autonomous material handling equipment in the region.

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Laboratory Information Management System Market to Register Exponential Growth During COVID-19 Pandemic

Laboratory information management system is a software-based solution that helps in the day-to-day laboratory operations. Laboratory information management system are sometimes referred to as laboratory information system (LIS) or laboratory management system (LMS). Laboratories around the world depend on a laboratory information management system to manage data, assign rights, and manage inventory.

Rising demand for lab automation due to high emphasis on using the latest laboratory systems for maximum efficiency is driving the global laboratory information management system market.  Government support through grant of funds for procuring quality laboratory information management system are boosting the laboratory information management system market. Other factors boosting the market include improving drug discoveries, rapidly increase in disease outbreaks, and rise in sophistication regarding use of specific equipment.

However, high investment required for the procurement of laboratory information management system and research & development activities is likely to hamper the laboratory information management system market. Nevertheless, the picture is soon expected to change as numerous service providers companies are gradually introducing cost-effective laboratory information management system for utilization in various sectors. This is anticipated to create new opportunities in the market.

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The global laboratory information management system market can be segmented into component, deployment, type, end-use industry, and geography. In terms of component, the laboratory information management system market can be segregated into hardware, software, and services. Based on deployment, the laboratory information management system market can be classified into cloud based and on-premise based solutions. Of the two deployment segments, the majority revenue share in the global laboratory information management system market is expected to be held by cloud deployment segment. The cloud deployment model refers to hosted services which are delivered using the Internet. Benefits associated with cloud deployment include accessing mission critical data remotely, cost savings on infrastructure, and enhanced collaboration.

These benefits are expected to propel the cloud deployment model segment during the forecast period. Increasing demand from organizations to switch to alternate business models such Software-as-a-Service (SaaS), as it is perceived to be cost-effective and equipped with various features provided is expected boost the growth of the aforementioned segment.  On-premise deployment, refer to the computation that is located within the physical confines of an organization, is expected to hold a smaller share of the global laboratory information management system market. In terms of end-use, the market can be segmented into life sciences industry, contract services organizations, next-generation sequencing laboratories (NGS) laboratories, academic research institutes, pharmaceutical and biotechnology companies, bio banks & bio repositories, toxicology laboratories, petrochemical refineries, and oil & gas.

The global laboratory information management system market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to hold a prominent share of the global laboratory information management system market. This dominance can be attributed to the presence of several global players in this region, especially in the U.S. and Canada.

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Europe is expected to account for a significant share of the market. This trend can be attributed to the increasing focus on innovations through research & development and IT technologies in developed countries in the region. The market in Asia Pacific is expected to expand at a rapid pace from 2018 to 2026. High adoption of exploration & production solutions along with growing adherence toward regulatory compliances are some of the factors driving the laboratory information management system market in Asia Pacific. Developing economies in Asia Pacific such as India and China are inviting global players to their local markets. This, in turn, is propelling the market in the region.

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Harmonic Filter Market to Record a Robust Growth Rate for the COVID-19 Period 2027

Transparency Market Research delivers key insights on the global harmonic filter market. In terms of revenue, the global harmonic filter market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global harmonic filter market.

Harmonics are generated in an electric power system, due to presence of non-linear loads, such as drives, in the system. The growing need for ensuring quality of power and increasing use of non-linear loads producing harmonics, such as variable-frequency drives, are factors driving the global harmonic filter market. In addition to this, developing countries are focusing on developing their power infrastructure. This is expected to offer ample growth opportunities to the harmonic filter market in these countries during the forecast period.

Harmonic Filter Market: Dynamics

The global power industry is changing significantly, with the increasing demand for reliable and efficient power supply, implementation of sustainability policies, and government regulations and penalties imposed by utilities. Rise in automation across different commercial and industrial applications has raised the demand for variable-frequency drives. Variable-frequency drives are energy efficient, as the motor can be operated at variable speeds throughout their use, unlike other drives.

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However, fluctuating voltage levels in variable-frequency drives results in the generation of harmonics. Thus, the demand for harmonic filters is anticipated to increase in order to suppress the effect of harmonics generated by usage of variable-frequency drives. Moreover, in addition, governments of various countries are taking initiatives on setting a permissible limit on harmonic distortion. This factor along with the increasing demand for zero-tolerance interrupted power supply from industries such as IT, medical, and railways is expected to drive the global harmonic filter market during the forecast period.

Harmonic Filter Market: Prominent Regions

Asia Pacific is the leading region of the global harmonic filter market. Growth of the market in the region can be attributed to high investments in power infrastructure and industrialization in Asia Pacific. Moreover, the market in Middle East & Africa is expected to witness significant growth during the forecast period, due to increasing demand for harmonic filters, growing urbanization, rising generation of renewable power, and investments in mass transportation in the region. In other regions, the demand for harmonic filters is dependent on the growth of sectors such as industrial, IT & telecommunication, power generation & transmission, and residential & commercial.

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Ferrite Beads Market to Exhibit Rapid Surge by 2027

• Ferrite bead is a passive component used to suppress high frequency noise in electronic circuits. Ferrite beads are also called ferried choke, core, ring, or block.
• These beads are usually employed with data cables and medical equipment in order to develop high-frequency noise suppression devices.

Rise in Demand from Automotive Industry to Drive Global Market Expansion

• Ferrite beads have major applications in automotive and transportation industries.
• The use of electronic toll systems, emergency communications systems, vehicle to everything (V2X) communication, etc. has increased with technological developments.
• These electronic devices release high frequency noise, which is controlled by ferrite beads. Hence, ferrite beads are increasingly being used in the automotive industry
• The above mentioned factors are anticipated to propel the growth of global ferrite beads market throughout the research study.

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Cellular Assay Technology Segment to Lead Global Ferrite Beads Market

• In terms of technology, the global Ferrite Beads market can be divided into cellular assay, biochemical assay, in silica, and ex-vivo
• In the present scenario, cellular assay methods are widely used by industries in safety assessment, risk evaluation, and toxicity testing. The cellular assay method is mainly used to elucidate mechanisms of toxicity in a drug and its effect on a cell or a tissue.

Innovations and Product Launch to Offer Growth Opportunities

• As the global market is fragmented among several regional and international players, product differentiation became the crucial part for the players. The companies operating in global ferrite beads market are focused on research and development activities in order to achieve technical competence
• For instance, In August 2017, L-com introduced a new line of USB cables, USB 2.0 and USB 3.0, integrated with ferrite beads. These cables are designed to suppress high frequency noise in an environment where high electromagnetic interface can harm USB connected devices.
• In May 2018, Murata manufacturing announced the launch of a new high impedance ferrite bead into their BLM03EB_SH series. This new ferrite bead is of 0201 inch size (0.6 x 0.3 mm) GHZ band, designed for safety and automotive powertrain applications.
• These initiatives taken by the key players are anticipated to create new opportunities for the growth of the global market in future.

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North America to Lead Global Ferrite Beads Market

• The global Ferrite Beads market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the global market.
• The early adoption of technology is one of the major factor driving the growth of ferrite beads market in North America.
• Whereas, Asia Pacific is projected to show fastest growth during the forecast period. The growth can be attributed to rising economies in Asian countries including China, India, and Japan.

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Mobile CRM Market - Impact Of Covid-19 And Benchmarking

Mobility in software solutions are no longer add-on features but the strategy is on the path of becoming a new normal for businesses. Enterprises have seen the trend catching on fast, and creating a paradigm in their customer-facing business functions. Mobile customer relationship management has expanded the arena for enterprises who believe in business-on-the-go. Sales teams world over engendered by a growing trend of bring your own devices (BYOD) in enterprises are increasingly leveraging the potential of mobile CRM to expand their prospects. The large amount of customers’ data that come handy with mobile CRM enables them to close more deals, achieve their sales targets, and shorten overall the sales cycle. An array of mobile CRM solutions have come to the fore that allows sales teams to take customer interactions to a new level, underpinning the steadily evolving mobile CRM market.

Key verticals in the mobile CRM market are the banking and financial services industry, telecom, healthcare, retail, and automotive.

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Global Mobile CRM Market: Growth Dynamics

Enterprises world over are considering adopting mobility approach in customer relationship management is a key factor driving the demand in the mobile CRM market. Enterprises of all sizes see a vast potential in mobile CRM solutions and are striving to make them as an integral part of their CRM strategy. Particularly, mobile CRM has shown some benefits in customer retention strategy, opine industry experts. The growing role of mobile CRM in mobile marketing automation strategy is an attractive proposition for software providers and are key to new avenues in the mobile CRM market. The growing demands for platforms and solutions that help marketers process huge array of customer data and assess customer behavior is encouraging investments in the mobile CRM market. Further, mobile CRM has expanded the scope of personalization in sales.

Over the past few years, software providers in the mobile CRM market have unveiled solutions that integrate real-time intelligence and contextual data about customers’ on-the-go. The trend of CRM-on-demand has gathered noticeable momentum in recent years in the market. New growth potential in the market has come notably from equipping them with AI features and machine learning technology. In the coming years, new business models will add new dimensions to mobile CRM. For example, recent years have evidenced the growing popularity of ‘pay-per-use’ pricing models. Further, the advent of secure cloud-based solutions has unlocked altogether new prospects in the mobile CRM market.

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Global Mobile CRM Market: Notable Developments

Several industries are witnessing considerable benefits from deploying mobile CRM solutions for their various business functions. The retail industry, though relatively new, has harnessed the game-changing potential of recently unveiled solutions in the mobile CRM market. Partnerships between software providers are expediting the launch of promising solutions in developed markets.

Prospects Software and CoreLogic have entered into a partnership with Greater Las Vegas Association of REALTORS to unveil two mobile CRM solutions to help agents. The solutions accessible on both ioS and Android are integrated with the association’s multiple listing platform, CoreLogic Matrix. The solutions are aimed at transforming client relationships of real estate professionals. The solutions have several easy-to-use features, including inter alia, advanced listing searches and live market stats.

Global Mobile CRM Market: Regional Assessment

Of the various regions, developed economies have been early adopters of solutions in the global mobile CRM market. This is broadly underpinned by the rapidly increasing trend of mobile CRM strategy in various industries. Numerous CRM providers in recent years have unveiled solutions to expand their footprints in the North America market. Further, industries are sizably investing in mobile CRM solutions for improving customer-facing functions. Some of the other key regions in the mobile CRM market are the Middle East and Africa, Oceania, Latin America, North America, and Asia.

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High Power LED Market Value Share and Key Trends 2019-2027

The global High power LED market has been experiencing a considerable transition in its business dynamics. Various characteristics of high power LEDs, such as long life, compact size, less consumption of power, and high brightness, are boosting the demand for these LEDs across the world.

This research report presents an in-depth analysis of the global High power LED market, taking the key trends, market segmentation, and its future prospects in consideration. It also offers a deep insight into the market dynamics, in order to understand the status of the worldwide High power LED market over the period of 2019 – 2027.

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Global High Power LED Market: Notable Developments

The global High power LED market displays a highly competitive and fragmented business landscape. Cree, Samsung, OSRAM, Lumileds, LG Innotek, MLS, and Seoul Semiconductor are leading this market. These players are putting in considerable efforts in innovation and product development to compete with each other. Moving forward, they will be involved more in strategic partnerships with smaller players to strengthen their position in the global high power LED market in the years to come. They are also looking forward to expand their bases across developing countries in the near future.

Let’s have look at notables developments happened in this market in the recent past:

• Recently, Lumileds made an announcement relating to the novel additions to its LUXEON CoB LED product line, specially to the LUXEON CoB range and the LUXEON CoB Core range. The company is focusing on expanding its portfolio to strengthen its market presence. Previously, Lumileds, in partnership with Melexis, achieved a breakthrough in the operation of high power infrared LEDs. A team of researchers from Melexis and Lumileds demonstrated an operation of LUXEON IR LEDs of up to 40MHz. This development in the high-frequency operation of LUXEON IR expands the range of application of LEDs, which were previously limited by eye-safety or cost constraints.

Global High Power LED Market: Market Dynamics

With the significant rise in environmental concerns among consumers, the uptake of LED lights will increase in buildings, leading to a high growth in the global high power LED market. The ongoing expansion in the general lighting industry is also reflecting on the demand for high power LED lights. However, the availability of cheaper LED lights, especially manufactured by Chinese manufacturers, may hamper the demand for high power LEDs in the years to come. Nonetheless, the eco-friendliness of high power LEDs, as they do not contain mercury, which is quite hazardous, will normalize the impact of restraining factors and lead to a high-paced growth of the worldwide high power LED market in the next couple of years.

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Europe to Lead Global High Power LED Market

North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa have surfaced as the main categories of the worldwide high power LED market, in terms of the region. With a significant number of research activities taking place and increasing investments by players, Europe has been leading the global market. The current market scenario points towards the continued dominance of Europe over the global high power LED market in the forthcoming years.

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Ultra-light Aircraft Market Value Share, Analysis and Segments 2019-2027

• Ultra-light aircraft are lightweight aircraft with the capacity to carry one or two individuals, which weigh around 200-750 kilograms
• Ultra-light aircraft are used in travelling short-range distance and at low altitudes. They are largely used for sports and recreational activities.

Increase in Recreational Activities to Drive Global Ultra-light Aircraft Market

• Increasing interest of people in sports and recreational activities promotes growth of the global ultra-light aircraft market
• Owing to the low weight and reduced seating capacity of ultra-light aircraft, the cost of a basic ultra-light aircraft is much lower than that of a normal aircraft. This, in turn, fuels the demand for ultra-light aircraft for use in sports and other recreational activities.

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Increasing Use in Defense Sector to Drive Global Ultra-light Aircraft Market

• Security of a country is one of the most important concerns for the military & defense sector in the country. In the military & defense sector, ultra-light aircraft are used for surveillance and monitoring of border areas.
• In hilly areas, where vehicles are unable to monitor borders and enemy activities, ultra-light aircraft are much useful
• Moreover, rise in investments by governments and increasing budget for the military & defense sector drives the global ultra-light aircraft market

North America to Lead Global Ultra-light Aircraft Market

• In terms of region, the global ultra-light aircraft market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is anticipated to hold a significant share of the global ultra-light aircraft market during the forecast period. It is estimated to be followed by Europe in the near future. Dominance of North America is attributable to high demand for ultralight aircraft and risen spending of people in the region on recreational activities.

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• The ultra-light aircraft market in Asia Pacific is projected to expand at a rapid pace, led by increase in commercial applications of ultra-light aircraft. The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high potential for growth of the ultra-light aircraft market.

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