Semiconductor Memory Market Growth, Trends And Forecast 2020-2023

The global semiconductor memory market is anticipated to develop rapidly within the forecast period from 2015 to 2023. This is credited to increasing penetration of cell phone and advancement in technology combined with increasing adoption and popularity of smart devices. Notable emergence of Solid-State Drives (SSD) and mobile computing technology in the market is additionally foreseen to boost the development of global semiconductor memory market in future. Furthermore, surging demand in electronic sector is also impacting the market growth positively.

The market is witnessing high sales in business and growth on the technological front. However, several government regulations are foreseen to hamper the market. The semiconductor memory market are majorly classified as per types of data storage and data access into non-volatile Read Only Memory (ROM) and volatile Random Access memory (RAM).The item has various applications including flash memory card, code and data storage in MP3 players, mobile phones, and PDAs. These segments play an important role in computing and advanced processing. In addition, the increasing requirements and complexities for advanced computing abilities in several data centers in the world are also providing lucrative opportunities for the key players to invest in the global semiconductor memory market growth.

Evolution in the form of automation and digitalization in entire electronics sector, along with use of memory-based elements in technologically advanced products in several industry verticals such as automobile, IT and telecom, and consumer electronics, etc are escalating the global semiconductor memory market. The expanding usage of semiconductor parts in the electronics and automobile systems, for example, NAND Flash, DRAM, and others, are the key generators for the demand regarding the integrated gadgets and chips.

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The automobile frameworks, for example, automated safety and luxury and driving and control frameworks that consolidate various storage solutions will give expanded speed and network in self-ruling and electric vehicles. In addition, the high utilization of cell phones, workstations, smart devices, and consumer electronic gadgets over the globe is signifying the necessities for exceptionally productive chips.

Semiconductor Memory Market - Overview

Semiconductor memory is an essential constituent for today’s electronic devices. It’s a kind of device in which digital information is maintained by using IC (Integrated Circuit) technology. These memories are classified on the basis of types of data access and types of data storage and these mechanisms can be categorized in two groups that are volatile RAM (Random Access Memory) and non-volatile ROM (Read Only Memory). 

RAM and ROM can be further classified on the basis of technologies and applications available. RAM includes DRAM, SRAM, SDRAM, and MRAM. ROM can be categorized in to PROM, EPROM, EEPROM, Flash memory etc. DRAM, mainstream memory holds a larger market share followed by NAND Flash, 3D ReRAM, NOR Flash. PCRAM is a new technology in the market and possesses better features than conventional memories. It also provides power saving opportunities to customers. 

Semiconductor Memory Market - Drivers and Restraints?

Growing market for smartphones, tablets and SSD (Solid-state drives) are the major growth drivers for the semiconductor memory market. Government regulations and manufacturing standards might restrict the growth of semiconductor memory market as marketers believe that implementation of these regulations and standards might affect the sourcing of materials and increase the cost of products. 

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Semiconductor Memory Market - Key Players

Some of the notable companies in semiconductor memory market are Toshiba, SanDisk Corporation, Micron Technology, Inc., Intel, IBM, Fujitsu, Cypress Semiconductor, Samsung, Atmel Corporation, Crocus Technology, Everspin Technology among many others.  Samsung and Micron Technology are regarded as leading companies in the R&D of PCRAM technology. SanDisk Corporation is engaged in developing the non-volatile technologies such as phase-change memory, charge-trap flash, memristor and other technologies. 

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Boat Rental Market Trends, Analysis And Forecasts To 2027

Transparency Market Research has published a new report on the global boat rental market for the forecast period of 2019–2027. According to the report, the global boat rental market is projected to reach a value of ~US$ 26 Bn by 2027, expanding at a CAGR of ~4% during the forecast period.

Expansion of Global Boat Rental Market

• The market for boat rental is expanding significantly across all regions. Europe and North America are highly developed markets for boat rental, and the markets in these regions are estimated to expand at a notable pace during the forecast period. Countries along the Mediterranean and Caribbean Seas are key boat rental markets. In Asia Pacific, Japan, Australia, and New Zealand are developed markets for boat rental; however, high emphasis on the development of nautical tourism in South Korea and Thailand is likely to boost the market for boat rental in these countries.
• The development of online portals and expansion of boat rental companies have made hiring boats highly convenient and cost-effective, which, in turn, is boosting nautical tourism and consequently propelling the boat rental market.
• Rise in per capita income in most countries has prompted society to spend higher on leisure and luxury activities. Furthermore, nautical tourism and marine activities are gaining popularity across developed and developing regions. Thus the boat rental market is expanding at a notable pace. Rise in the preference for cruise events and boat charters for leisure has played a significant role in the expansion of the global boat rental market.

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International tourism has been a key source of income for numerous countries, which aids in the economic development of that particular country. Consequently, countries with nautical tourist destinations have been investing consistently for the development and maintenance of these destinations.

• Shift in lifestyle has led to a distinct break from the traditional sailing destinations of the Caribbean and Mediterranean waters to less familiar destinations in Asia Pacific, the Middle East, and Antarctic. Thus, a surge in the inclination among consumers to explore new destinations, and a rise in the number of marine destinations, worldwide, are boosting the number of boats available for rent or lease. This is likely to propel the global boat rental market in the near future.

Based on business model, peer to peer (P2P) is the prominent segment, which is expanding at a remarkable pace. The availability of several service platforms such as Boatsetter and GetMyBoat are driving the P2P segment in the boat rental market. Moreover, boating enthusiasts who live along coastal areas in North America and Europe own boats and offer them for hire through online portals. This provides employment and enough earning to maintain and service these boats.

Regional Analysis of Global Boat Rental Market

In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a prominent share of the global market in 2018, due to the presence of a large number of marinas, and high preference for water sports and leisure activities. Greece and Croatia are major markets for boat rental, and the market in these countries is expanding consistently due to expansion of nautical tourism in the region.

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Countries such as South Korea, Thailand, Brazil, and China are rapidly emerging markets for boat rental, due to high emphasis by governments on the development and promotion of nautical tourism in their respective countries.

Prominent players operating in the global boat rental market include Boatsetter, Nautal, Sailo Inc., Zizooboats GmbH, GETMYBOAT INC., West Coast Marine, Le Boat, Incrediblue, Boatjump, S.L., Odyssey Boats, GLOBE SAILOR, THE MOORINGS, Blue Boat Yacht Entertainment Company, BLUE BAY MARINE, Yachtico Inc., Navigare Yachting, and Products Corporation.

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Farm Tractor Market Forecast and Analysis of Key players 2027

According to a new market report published by Transparency Market Research titled “Farm Tractor Market (Less than 40 HP, 40 HP – 80 HP, 81 HP – 120 HP, 121 HP – 180 HP, 181 HP – 250 HP, More than 250 HP) – North America and Europe Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” the North America and Europe Farm Tractor market is expected to record sale volume of 650 thousands tractors by 2027. Furthermore the farm tractor market in the region is estimated to expand at a CAGR of 3.88 % during the forecast period from 2019 to 2027. Increasing demand for food, favorable government policies, growing farm mechanization and hobby farming are the key factors driving the growth of the farm tractor market in the region.

Comparing the two regions, North America farm tractor dominated the market in 2018 in terms of unit shipments. The market revenues from North America farm tractor market is estimated to be US$ 5.4 Bn in 2019. This is owing to positive growth in the U.S. farm tractor market which witnessed huge demand for medium tractors in below 40 HP- 80 HP horsepower category. However, higher horsepower segments exhibited marginal volume growth in the country. Conversely, farm tractor market in Canada is estimated to witness steep decline in the shipments.

This is owing to the frequent fluctuations and weakening of Canadian dollar. The farm tractor market across all the horsepower segments is estimated to witness a dip in 2019 as well. Moreover, all the major tractor manufacturers witnessed tough time in maintaining their market shares in the Canada, as large volume of local demand is met through imports, which escalates proneness to currency fluctuation.

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In 2018, Europe farm tractor market recorded shipments of 281 thousand units with Germany being the top contributor followed by France and the U.K. Additionally, Italy is anticipated to be a major contributor in the rest of Europe farm tractor segment. European countries including the U.K, Finland and the Netherlands, have relatively large (area) farms, and therefore farm tractor market above 40 HP is estimated to exhibit significant market share in these countries. However, in other European countries including Germany, small and compact tractor segment is anticipated to dominate the market.

The presence of large farms, although in few numbers, is anticipated to generate demand for higher horsepower tractor segment during the forecast period till 2027. Farm tractor prices across all the horsepower segments witnessed high fluctuations in the Europe market as well. This is owing to frequent price adjustments from major farm tractor manufacturers to maintain their market shares in the region amidst weak sales forecast. Tractor manufacturers are also working towards incorporating new technologies so as to differentiate their offering from others while adding value to products and services being delivered. This is seen as key strategy in the long run for players to retain their competitive position. Moreover, with expected proliferation of smart technologies in agricultural applications, this is seen as more of a need then the strategy to ensure sustainable growth in the long run.

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Commercial Avionics Systems Market Developments, Swot Analysis And Strategies

The vendor landscape in the global commercial avionics systems market is dynamic in nature with the presence of quite a few market players, observes Transparency Market Research (TMR). The primary factor that has been driving the global commercial avionics systems market is the increasing requirement for systems that can make precise and correct calculation of real time data for the aviation industry. It has been forecasted that the overall effect of this requirement would be very high in the years to come and is expected to influence and shape the market in a specific way.

Global commercial avionics system is anticipated to become more competitive in the next few years to come. Noted market players are estimated to put more focus on technologically advanced systems and innovation. It is also expected that there will be low cost entry in the global commercial avionics system market in the next few years which is lead to the foray of a number of new entrants.

Some of the prominent names that adorn the global market for commercial avionics systems are Avidyne Corporation, GE Aviation, Panasonic Avionics Corporation, Rockwell Collins Inc., Honeywell Aerospace, Universal Avionics System Corporation, and United Technologies Corporation, Garmin Ltd amongst many others.

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As per a market research report by Transparency Market Research, it has been forecasted that the global commercial avionics systems market is expected to expand at a CAGR of 3.5% over the forecast period of 2019 - 2027. Expanding at such a growth rate, it is expected that the global commercial avionics systems market will reach a market value of US$ 34.44 bn by the end of the forecast period.

Evolution of Aviation Industry to Stimulate Market Growth

Rapid evolution of the aviation industry, especially in developed economies such as North America and Europe is another factor that is driving the global commercial avionics systems market. Substantial opportunity for development and improvement are being offered to the market players of the global commercial avionics systems.

Global commercial avionics systems market is also believed to have benefitted from various technological innovations and advancements that are taking place in the aviation industry. Technological developments such as better in-flight entertainment systems and modern glass cockpits are benefitting the global market for commercial avionics system.

However, unwillingness of the market players to participate in larger activities owing to high system maintenance costs is restricting the growth of the global market for commercial avionics systems. Furthermore, aviation vehicles have become more vulnerable to online hacks due to the usage of modern commercial avionics system.

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North America to Lead the Market throughout the Forecast Period

The market research study delves into the global market for commercial avionics systems market and its performance in the major regions of the North America, Europe, Asia Pacific, and rest of the World. The report makes an effort to comprehend the regional dynamics that are at play in the global commercial avionics systems market. It is forecasted that in terms of revenue generation and market demand, North America is likely to remain the market leader for the global commercial avionics systems market in the forthcoming years. Amongst all of these regions, North America dominated the global market for commercial avionics systems with around 42.4% of the total market share in the year 2019. 

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Aerial Imaging Market Type and Application, Forecast to 2020-2025

Updation of mapping technology has been the major factor responsible for the expansion of the global aerial imaging market. Aerial imaging finds itself in a wide range of applications across industries like tourism, journalism, archeology, construction and development, and cartography. Such popularity of aerial imaging is ascribed to the need for high-resolution imagery arising.

Existing organization in the global aerial imaging market is vying for more market share. They have shifted their focus to betterment of their features like intelligence surveillance, urban planning, route designing, and volume-based calculations. The companies are also into strategic collaborations for the expansion of their geographical footprint. Some of the renowned market players that have been analyzed in the global aerial imaging market are NRC Group ASA, Google Inc., High Eye Aerial Imaging Inc., Fugro N.V., EagleView Technologies Inc., and ARC Aerial Imaging Limited.

Transparency Market Research (TMR) has studied the global aerial imaging market in detail and has come up with a report on the same. Utilizing extensive research methods, TMR has included information pertinent to the dynamics of the global aerial imaging market. Analysts at TMR prophesize that the market is estimated to expand at 14.6% CAGR over the period of assessment, from 2017 to 2025.

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Asia Pacific and North America Jointly Lead Growth of the Market

For the purpose of analysis, the global aerial imaging market has been segmented into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America.

The global aerial imaging market is estimated to be commanded by North America during the forecast period. The regional dominance of North America is likely to continue throughout the assessment period due to the augmented use of aerial imaging technology by the forestry and agricultural industry. Increased implementation of innovative tools drones in various industries for high-resolution aerial images are driving the market during the period of assessment.

In addition, for the purpose of disaster management, urban planning, monitoring and surveillance, aerial imaging tools are used extensively, which is driving the progress of the market in Asia Pacific. Rise in the affordability level of companies to make use of such premium technologies is fostering regional market growth.

Multiple Uses across Many Industries is Likely Facilitate Market Expansion

The global aerial imaging market is likely to be driven by accentuated use of the system in construction and development sector. In the construction sector, high-resolution images aids in ensuring safety of the workers. Those images are also used for marketing of construction projects.  These images can be utilized for the creation of 3D BIM models and shared with stakeholders to assess the viability of projects. Harnessing the benefits of aerial imaging technology, efficacious management of energy and resource is obtained, which adds to the growth of the market. Personal aerial mapping systems (PAMS) is finding increased use in present times, which is likely to offer lucrative growth opportunities to the global aerial imaging market over the timeframe of assessment.

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Archeological researches have started involving aerial videography and photography so as to facilitate better analysis and study of ancient landscapes and site of historical significance. Property advertisements have also started using aerial images to attract more customers through better images. According to the analysts of TMR, cost effective yet highly efficient aerial photography is rapidly becoming a popular choice among the property sellers.

Of late, geospatial technology has been making increased utilization of aerial imaging to provide precise location details for various purposes. The security and defense segment has emerged as a prominent user both geospatial data and aerial images.

High awareness levels among the consumers and with the availability of high-resolution aerial images from various providers have added impetus to the expansion of the aerial imaging market during the forecast period. Rapid growth in use of unmanned aerial vehicles or UAVs has facilitated augmented use of aerial images for many purposes. Growing popularity of location-based services among common people for entertainment and information is likely to open up new growth prospects for the market during assessment period, from 2017 to 2025.

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Industrial Fasteners Market Research Report 2026

According to a new market report published by Transparency Market Research titled “Industrial Fasteners Market (Commodity – Bolts, Nuts, Screws, Washers, Rivets, Others; Application – Automotive OEM, Machinery OEM, Fabricated Metal Products, Construction, Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,” the global industrial fasteners market is expected to reach a value of US$ 104.94 Bn by 2026. In terms of value, the market is estimated to expand at a CAGR of 2.2% during the forecast period from 2018 to 2026.

In terms of volume, the market stood at around 26.7 million metric ton in 2017. The Asia Pacific industrial fasteners market is projected to have the highest growth during the forecast period in terms of value (US$ Mn). The market witnessed considerable growth in this region due to increased growth in construction, automotive, and manufacturing industries, leading to positive growth in the industrial fasteners market.

The industrial fasteners market is influenced by market dynamics with the prime driving factor of increasing fasteners demand from the construction industry. In terms of commodity, the screws segment is anticipated to gain the largest share with total value of US$ 21.30 Bn by 2026 at a CAGR of 1.6% annually. In terms of application, the global figures for automotive OEM segment are anticipated to be valued at US$ 30.67 Bn by 2026 at a CAGR of 2.6%. However, fluctuating prices of raw materials such as steel, copper, and aluminum have impacted the margins of manufacturers and is one of the major challenges restraining the growth of the industrial fasteners market.

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The bolt and nut segment is expected to expand at a CAGR of 2.6% and 2.9% respectively in terms of value over the forecast period due to their increasing applications in the automotive and construction industry. Furthermore, growing manufacturing of medium commercial vehicles, light commercial vehicles, heavy earth moving equipment, textile machinery, machine tools, aircrafts, and utility vehicles have led to the enhanced growth of the fasteners as their sub or main assembly part. The market for industrial fasteners is fragmented in nature and is characterized by large competition with small and large players in the industry competing to maintain their respective positions. High tensile fasteners are majorly utilized in engineering applications which include industrial, automotive, and various other sectors.

The top companies considered while studying this report for the global industrial fasteners market are Acument Global Technologies Inc., Arconic Inc., Bulten AB, STANLEY Engineered Fastening, Fortana Group, Hilti Corporation, LISI Group, MacLean-Fogg Company, MISUMI Group Inc., Nifco Inc., Precision Castparts Corp., The SFS Group, A&G Fasteners, SA Fasteners, etc.

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Industrial Gas Turbine Ignition System Market Opportunity & Industry Outlook Research Report, 2019-2026

According to a new market report published by Transparency Market Research titled “Industrial Gas Turbine Ignition System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,” the global industrial gas turbine ignition system market is expected to reach a value of US$ 2,454 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 9.6% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 534 thousand units in 2016. The Asia Pacific industrial gas turbine ignition system market is projected to have the highest growth during the forecast period. The market witnessed considerable growth due to increased demand for gas turbines in diverse applications.

The industrial gas turbine ignition system market is influenced by market dynamics with the prime driving factor of increasing gas-fired power generation especially in developing countries. Out of the global installations of gas turbines in Japan, Russia, Taiwan, etc., Japan stands at first position in terms of largest number of installations. Rise of industrial gas turbine ignition systems is also impacted by the increasing demand for electricity across diverse applications.

On the other hand, one of the main challenging factors affecting this industry is the continuous price war among industrial gas turbine ignition system players. The industrial gas turbine ignition system market is expected to provide opportunity to players who are catering to those gas turbines which use micro turbine technologies.

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In 2017, based on component, the spark plug segment accounted for market value of about US$ 142.3 Mn in the global industrial gas turbine ignition system market. This is because of frequent replacements across diverse industrial gas turbine applications. Based on gas turbine type, light-duty gas turbine segment is expected to expand at the highest CAGR of about 9.6% in terms of value due to diverse new applications coming up for small and medium scale turbines. Additionally, transportation pipeline networks consisting of gathering system uses low pressure and small diameter pipelines.

Aeroderivative gas turbines using various combined-cycle operations are seeing enhanced installations across the globe. Furthermore, in terms of application, the power generation segment is expected to hold the highest market share during the forecast period. This is because increasing efficiency and durability of gas turbines is expected across energy production. By geography, Asia Pacific region is expected to continue its dominant share in the industrial gas turbine ignition system market with more than 30% market share during the forecast period. Across the Asia Pacific region, China held more than 58% market share in 2017 in the industrial gas turbine ignition system market.

TMR understands that the improved type of gas turbine installed base across the globe calls for appropriate quality ignition systems in the industrial space. Additionally, the improving natural gas industry is enabling the increasing installations of gas turbines as part of cheap alternatives. Companies are improving on base load electricity generation from natural gas. Moreover, there is a positive impact expected in gas turbine sales as shale gas is expected to see potential growth.

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The global gas turbine installed capacity especially in developed regions such as North America and Europe reflects the aging existing infrastructure, and accordingly replacements are expected to happen in future. The industry in these regions is supporting more of light-duty turbines, indirectly impacting positively the volume sales of ignition systems.

The top companies considered while studying this report for the global industrial gas turbine ignition system market are Woodward, Inc., Unison, LLC, Champion Aerospace, Inc., Knite, Inc., Hatraco Technische Handelsonderneming B.V., Chentronics, LLC, Federal-Mogul LLC, Tesi Group, Meggitt PLC and Hoerbiger Holding.

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