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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Commercial Refrigeration Equipment Market Analysis, Advancement and Precise Outlook – 2025

The analysts of a recent business intelligence study by Transparency Market Research (TMR) has detected that the commercial refrigeration equipment market in the region of Latin America is consolidated in nature, with merely six companies accounting for about 92% of the total shares in 2016. The six companies, viz. Metalfrio Solutions, Illinois Tool Works, United Technologies Corp., Dover Corp., Daikin Industries Ltd., and Lennox International, are expected to maintain their stronghold over the competitive landscape in the near future too, while the competition among them will remain intense at the same time.

For these six market leaders in the Latin America commercial refrigeration equipment market, the emphasis is expected to remain on strengthening of their supply chain, particularly in the important countries of Mexico, Brazil, and Argentina. Development and launches of new products that meet diverse demands is another mode for the market leaders to gain ground over their competitors.

Latin America Commercial Refrigeration Equipment Market to be worth US$1,619.0 mn by 2025

If the projections of the TMR report are to be believed, during the forecast period of 2017 to 2025, the demand in the Latin America commercial refrigeration equipment market will increment at a notable CAGR of 6.50%. By the end of the forecast period, 2025, the analysts have estimated that the opportunities in the market will translate into a revenue of US$1,619.0 mn, considerably up from its evaluated worth of US$927.4 mn in 2016. As far as the new entrants are concerned, the entry barrier is expected to remain high in the near future and shares will remain distributed among the aforementioned six market leaders.

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Based on product type, the report segments the Latin America commercial refrigeration equipment market into refrigerator and freezer, transportation refrigeration equipment, commercial refrigeration equipment parts, and beverage refrigeration. In 2016, the refrigerator and freezer segment provided for 37.4% of the demand in 2016 and is anticipated to remain most prominent throughout the forecast period. Application-wise, the market has been bifurcated into food and beverage retail, food services, food and beverage production, and food and beverage distribution. On the basis of refrigerant type, the market has been classified into inorganic, fluorocarbon, and hydrocarbon or natural. Country-wise, Brazil has been highlighted as the most profitable nation for the vendors of this market to concentrate on, providing for 38% of the total demand in the Latin America commercial refrigeration equipment market in 2016.

Rapid Urbanization a Boon for Commercial Refrigeration Equipment Market

Changing food consumption pattern of urban populations across the emerging economies of Brazil, Argentina, and Mexico is the primary driver of the Latin America commercial refrigeration equipment market. The restless lifestyle that urban population are resorting to in order to gain disposable income is showing on increased consumption of packaged food that utilize refrigeration processes to maintain freshness and nutrition for longer durations. While the prosperity of the food and beverage industry is propelling the demand in the commercial refrigeration equipment market, development of diverse type of equipment that ideally meet different requirements is driving the adoption, despite the substantial cost of these products.

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In many cases, food and beverage companies provide these refrigeration equipment to retail shop vendors as the space occupied helps them as a mode of advertising and market of products right where the customer footfall is maximum. These advertising companies generate bulk demand. Mexico commercial refrigeration market, in particular, is foreseen for a healthy future on the back of incrementing demand for frozen and ready-to-eat food as well as the presence of a formidable food processing industry in the country.

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Smart Manufacturing Market Drivers and Growth Opportunity Analysis Report, 2019-2024

• The global smart manufacturing market is prognosticated to witness a positive growth curve in forthcoming years, reports Transparency Market Research (TMR). The vendors that are part of the smart manufacturing market’s business landscape are exhibiting cut-throat competition with each other. Nevertheless, a few leading players currently dominate the market. The strategies used by leading vendors is increased focus on geographical expansion, and strategic collaborations, and increasing their production capacities in the industry. A prime example of this would be the vendors acquiring start-ups involved with autonomous delivery robots. This is a key trend that is expected to be capitalized on by players in the market to increase their shares.

  Other prominent steps taken by vendors to increase their footprint in the global smart manufacturing market include resource allocation to product innovation, mergers and acquisitions, and exploring untapped regional markets. For instance, GE Power Services entered into a milestone agreement with Edison, to improve efficiency at its Puglia power station that has a Candela combined cycle.

  Leading vendors in the global smart manufacturing market are Honeywell International Inc., Johnson Controls Inc., Siemens AG, ABB Ltd., and Emerson Electric Company.

  TMR predicts that the global smart manufacturing market will exhibit a CAGR of 13.2% over the forecast period of 2016 to 2024. The market was estimated to be worth US$159.05 bn in 2015, and is likely to reach a value of US$548.14 bn by 2024.

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  The growth of the smart manufacturing market is likely to be propelled by the high demand from the end-use segment of defense and aerospace. These sectors are responsible for generating high demand for quality controlled and customized equipment. According to a study led by Capgemini, as of March 2017, 62% of aerospace and defense enterprises had adopted a smart manufacturing initiative.  At present, North America is leading the global smart manufacturing market, on the back of the region’s established industrial sector.

  Dire Need to Improve Efficiency Steers Market Trajectory

  Different vendors in the industry are seeking ways to reduce costs, improve product quality and production efficiency. Thus, improved productivity and reduced production cost structure drive the growth of the world's smart manufacturing market. Smart production technology has seen a significant market growth since it provides ample technological solutions for small and medium-sized companies and its users with connected supply chains. In the next few years, this is expected to emerge as a key factor in driving the smart production market.

  Adoption of MES Technology to Drive Growth

  Business data in companies and multi-plant transactions need to be centralized with the aid of real-time analysis, which is one of the features of MES that drives the expansion of this market. Due to the availability of cost-effective MES solutions for various process and discrete vertical industries, this demand is expected to increase, not least among small and medium enterprises (SMEs).

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  Industry 4.0 to Emerge as Key Market Trend

  Smart Manufacture (in the USA) or Industry 4.0 (in Europe), is the most recent wave in the Industrial Revolution. The Smart Manufacturing Leadership Coalition (SMLC) in the United States is working on the future of production. In comparison with the current situation, this concept of production will significantly increase the technological complexity of the value added processes. Industry 4.0 percolation is identified as a key trend that is likely to boost the global smart production market.

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Service Robotics Market Growth, Opportunity and Forecast 2021

Transparency Market Research reports said that the service robotics market is extremely competitive and fragmented. This is due to the presence of a large number of young entrants with innovative technological solutions. Major companies are progressively concentrating on emerging new technologies, improving the existing portfolio of product, and launching new products with enhanced features. Key enterprises in the service robotics market provide a broad range of robots for supporting in numerous applications. Moreover, they are collaborating and acquiring with other prime entrants in the service robotics market. This owes to the improvement in their offerings and increases their customer base. 

One of the notable growth instances for service robotics technology is, in 2014, the Intuitive Surgical, Inc. has introduced the da Vinci Xi Surgical System for the surgeries to be less risky. It is the most advanced and less prone to risk option for complex surgeries. The XI lets the surgeon to discover a various portion of the body in the middle of operation without shifting the whole equipment. 

As stated by the analyst of TMR, the market for service robotics had acquired profits value of US$5.57 bn in 2014. The market is expected to expand and reach to US$22.50 bn until 2021. This expansion is estimated to occur at an impressive CAGR of 18.8% from 2015 to 2021. Based on products, the global service robotics market is segmented into professional and personal service robots. Among these, the professional service robots are estimated to acquire the maximum revenue shares of the market. This is due to their growing implementation in field, healthcare, and defense sector. 

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The largest region for service robotics market is North America, trailed by Asia-Pacific. The U.S. is holding the maximum revenue share in the developed economy. During the recessionary period, the Canada was relatively stable and the profits were more noticeable. As North America is a technologically developed economy, better quality chips, low-cost sensors, cloud-based machine learning, and developed in speech understanding are being advanced. These driving factors are projected to improve the future of the service robotics market. Service robot models are utilized for office cleaning, package deliveries, and improving safety and security. 

Rising Demand of Networked Robots is driving the Service Robotics Market 

The service robotics market is now working to inspect and monitor several of workflows and processes through numerous sectors. This monitoring would be done through networked robots, along with deployed regions. These services allow enterprises systematize effectively the processes, particularly in region, where human interference can’t be used. Moreover, it can primarily lessens the dependence of human workforce. The accuracy and performance of networked robotics has majorly enhanced in the past few years. This is due to rising developments in hardware and processing incorporation. The growing labor cost, comprises the immense pressure on producers to meet deadlines, has resulted in the rising implementation of networked service robotics. This increased usage of network robots has driven the global service robotics market in the past few years. 

Expansion in Capital Investments to Limit the Growth of the Market 

There are aspects that are retraining the growth of market like the need for expanding investment of capitals, surge in cost of R&D, along with the intricacy related with robot programming. Furthermore, absence of awareness about the benefits of these service robots in the developing regions is also hindering the market. In addition, the safety concerns related with the application of such robots is limiting the market growth. However, the increasing penetration of deep learning technologies and IoT into the systems is improving the complete features of the robot. It allows them for real-time decision making in unpredictable conditions and industrial surroundings is propelling growth of the service robotics market. 

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The study presented here is based on a Transparency Market Research report titled “Service Robotics Market (Product - Professional Service Robots and Personal Service Robots; Application - Defense, Agriculture, Healthcare, Logistics, Aerospace, Infrastructure, Entertainment, and Research and Development) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

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