Aerospace 3D Printing Market Analysis By Applications

3D printing of parts is a new technology that has come up with the potential to transform the way enterprises build new products, including parts for defense and aerospace. This new manufacturing process is known as 3D printing or additive manufacturing. This technology involves manufacturing physical objects by printing one layer at a time, using special material deposition devices and digital models. This generation’s 3D printing equipment has evolved in a short span of time and is capable of producing complex components among different types of materials which includes titanium, steel, aluminum, and different variety of plastics. Thus because of its potential, 3D printing is gaining importance in various manufacturing and fabricating sectors.

The aerospace sector recognizes the unique competence of 3D printing and is pursuing ways to exploit these competences. For example, Boeing is utilizing 3D printing to manufacture plastic interior parts out of nylon and polyetherimide for their test evaluation and prototype units. Boeing is utilizing 3D printing technology to swiftly manufacture tools for making composite parts. Additionally Pratt & Whitney aerospace company is investing extensively in a state-of-the-art 3D manufacturing center in association with the University of Connecticut.

The 3D printing technology in the aerospace sector, generally in plastic, has developed into a mainstream prototype fabrication practice of aerospace parts. This technology empowers designers to skip the fabrication of tools and go straight to finished parts. Although printing a prototype component may consume several hours, it is still considerably faster than manufacturing tools that are then used to manufacture prototype parts. This capability to swiftly manufacture prototypes allows engineers to authenticate design concepts much faster, thus speeding up the overall improvement process.

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The major drivers driving the aerospace 3D printing market are factors such as efficient use of raw materials, accuracy, customizable product creation and reduction of errors while manufacturing of parts. The above mentioned factors are going to push the 3D printing market towards its growth during the forecasted period from 2016 – 2024.

The aerospace 3D printing market can be segmented into six broad categories. By material type, by form, by process, by technology, by software, and by application. By material the aerospace 3D printing market can be further segmented into plastics, metals, ceramics, and others. By form, the market is segmented into filament, powder, and liquid. By process, the market has been segmented into binder jetting, material extrusion, direct energy deposition, powder bed fusion, sheet lamination, material jetting, and vat photo-polymerization.

By technology the market has been further divided into stereo lithography, Selective Laser Sintering (SLS), Fuse Deposition Modeling, Direct Metal Laser Sintering (DMLS), polyjet printing, inkjet printing, Laminated Object Manufacturing, Digital Light Processing (DLLP), Electron Beam Melting (EBM), and Laser Metal Deposition (LMD). Additionally the global aerospace 3D printing market has been further divided into five regions; they are North America, Asia Pacific, Middle East, Europe, and Africa and Latin America.

North America was the market leader in the aerospace 3D printing market in the year 2015. 3D printing is generally used in major industrial manufacturing sectors such as aerospace & defense, and healthcare companies. For example, GE utilizes laser-powered 3D printers to make products and parts for the aerospace industry.

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Continuous technological developments and monetary support from the government is also propelling the market for aerospace 3D printing in the North America region. The market for aerospace 3D printing in Asia Pacific is expected to grow at a prime rate during the forecast period from 2016 – 2024. This tremendous growth can be attributed to government funding and initiatives in research and development in the Asia Pacific region. 

Major players in this industry are EOS GmbH (Germany), Organovo Holdings Inc (U.S.)., 3D Systems Corporation, Stratasys Ltd (U.S.), Solvay S.A.(Belgium), Sandvik (Sweden) and Höganäs AB (Sweden) among others.

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Smart Weapons Market to Witness Sales Slump in Near Term Due to COVID-19

With shift in nature of warfare, demand dynamics of weapons is changing across the globe. Lately, countries are opting for smart weapons. Integration of technology in weapons is shaping smart weapons. Moreover, the integration is facilitating ease of application of these smart weapons. At the same time, it is increasing the risk of causality even in case of slight mistake.

Most of these weapons are powered by laser and similar advanced technology. As a result, it offers high accuracy, reliable shots, and quick hit capability. Also, light weight of the weapon is minimizing the logistics carrying cost.  All these factors conjointly are boosting the adoption rate of smart weapons in defense system to enhance security system of country. Although, stringent arm regulations applied in various countries are likely to limit the growth of smart weapons market in forthcoming years.

The upcoming smart weapons market report provides insights about the segments and trends influencing growth of the market. The market report is divided on the basis of product type, end-user, application area, and regions. Further, role of each category is specified in the growth of market in the duration of forecast period (2019-2027).

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Smart Weapons Market: Notable Developments

Lately, Indian Police were supposed to be equipped with with biometric weapon safety and tracking system (WSTS). This will assist in tracking stolen weapons. Also, any stealing case could be easily prevented.

In the past few years, the police filed complaint of numerous incident of gun-snatching. As per the report, since 2016, almost 200 weapons, including AK-47s have fallen into hands of militants.

The weapon safety and tracking system has palm print and finger print scanners built into the grip that helps in operating trigger locks. Further, the integrated GPS in the weapon will enable easy tracking of the weapon, if lost. The devices can only be removed by biometric authorization of the enrolled user.

Some of the pioneers in smart weapons market are-

• BAE Systems plc
• The Boeing Company
• L3Harris Technologies Inc.
• Thales Group
• Raytheon Company
• MBDA

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Smart Weapons Market: Key Trends

Ammunitions along with other product segments are anticipated to account for significant growth rate in the course of forecast period. The growth is attributed to development of sensor fused weapons and advanced electro-optical precision integration kits.

In June 2018, Rafael launched firefly, a miniature loitering ammunition. It can be used along with electro-optical precision integration kit (EPIK) to provide precision guidance to surface-to-surface multiple rocket launch systems. In addition, it can also be used by dismounted soldiers.

Likewise, German Ministry of Defense provided Gesellschaft für Intelligente Wirksysteme mbH contract to initiate the manufacturing process of serial production of the SMArt 155 ammunition (Sensor-fuzed Munition for Artillery 155 mm), again. Earlier, the production was stopped in the year 2006. Serial production is planned to begin from 2024.

Smart Weapons Market: Regional Analysis

In recent years, North America has emerged as major market share holder and is anticipated to exhibit maximum growth in coming years as well. Increasing defense budget and on-going research and development activities are prominent factors contributing to the growth of smart weapons market in the region. Further, government regulations are also supporting growth of the market.

For example, the U.S. army placed an order BONUS to BAE Systems Bofors and Nexter Systems for production of a 155-millimeter heat-seeking anti-tank shell.

Likewise, in October 2016, the US navy signed a contract to provide advanced precision kill weapon system (APKWS) and laser guided rockets. The main reason behind the contract was to meet the weapon requirement of US Army, US Air Force, US Marine Corps, and to the allied nations.

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Vibration Control Systems Market Forecast 2028 Major Companies

The vibration control systems are isolation systems that quickly detect incoming vibrations and have the potential of controlling the vibrations in a static or moving machine to decrease friction in static or moving machines. These systems also assist in safeguarding machine parts operations, heat generation, energy loss, cracks, and breakage. The aforementioned properties of vibration control systems may invite novel opportunities for the vibration control systems market to increase the growth rate across the forecast period of 2019-2028. The use of vibration control systems in a plethora of applications such as healthcare, oil and gas, manufacturing, aerospace and defense, electrical and electronics, and others can also aid in gathering sufficient steam for the growth of the vibration control systems market.

Rising disposable income and increased urbanization have resulted in the growth of the automotive sector to a great extent. These factors can eventually increase the growth rate of the vibration control systems market. The adoption of vibration control systems significantly for increasing automobile durability has brought tremendous growth opportunities for the vibration control systems market. Airplanes also use these systems for assuring maximum safety and comfort to the flight passengers. Hence, the vibration control systems market is also predicted to grow largely across the aviation sector.

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The COVID-19 outbreak has put a strain on the vibration control systems market growth to a certain extent. Nevertheless, prospects look bright post-lockdown and there is a ray of hope as the lockdown is being relaxed slowly and steadily, permitting various manufacturing units to resume the operations.

This upcoming report on the vibration control systems market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the vibration control systems market. The segmental study enables an individual to thoroughly understand the vibration control systems market.

Vibration Control Systems Market: Competitive Analysis And Notable Developments

The vibration control systems market is a highly competitive market with various key players eyeing the dominant position in the vibration control systems market. Consistent research and development activities are gaining traction across the vibration control systems market. Some established players in the vibration control systems market are Cooper Standard, GERB, LORD Corporation, Bridgestone Corporation, and VICODA GmbH.

• Bosch recently launched washing machines with noise-reduction technology and smart washer features. This development highlights the growing use of vibration control systems in electrical appliances.
• The Government of India recently announced the withdrawal of government monopoly in the mining sector. It has allowed commercial mining to encourage private sector participation. This development enables the mining sector to offer substantial avenues for increasing the growth rate of the vibration control systems market.

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Vibration Control Systems Market: Key Trends

The vibration control systems market is garnering considerable traction due to a plethora of factors. The increasing use of vibration control systems in electrical and electronics appliances is bringing exponential growth for the vibration control systems market. In addition, government support is also proving to be beneficial for the growth of the vibration control systems market. As mentioned above in the notable development section, the removal of government monopoly in the mining sector by the Government of India is a classic instance.

Vibration Control Systems Market: Regional Outlook

Geographically, the vibration control systems market is segmented into Asia Pacific excluding Japan (APEJ), North America, the Middle East and Africa, Western Europe, and Eastern Europe. North America and APEJ may emerge as the key growth contributors for the vibration control systems market due to rapid industrialization and sound government policies across the regions.

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Marketing Mix Optimization Market - Key Players Profile, Statistics and Growth to 2027

Marketing mix optimization, is also referred to as marketing mx modeling. It is a method that is employed for statistical analysis of the different advertising and campaigns to market a product. It enables to examine performance of a product in the market and its acceptance by consumer.

Some of the basic strategies in marketing mix are modeling of the product, pricing, brand and product promotion, and distribution of the product. Each of these strategies are designed closely before finalizing the suitable model for marketing of every product.

The marketing mix modelling enable quantification of sales and revenue generated by the marketing campaigns dedicated for each product. Further, it helps in the planning the strategies for marketing of particular product or marketing service in much optimized way.

The upcoming report on the global market mix optimization market is a comprehensive study of its drivers and trends that will contribute to growth of the market mix optimization market is between 2019 and 2028. The report has emphasized on segments that are likely to contribute significantly to growth of the market. Also, regional growth is covered in the report

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Marketing Mix Optimization Market- Competitive Analysis

In recent years, a shift has been observed in the global markets. The market mix optimization market is inclining towards emerging regions such as India, Russia, China, and Brazil. On the other hand, established markets are on verge of reaching the threshold of saturation. As a result, the manufacturers are moving towards the untapped regions.

The emerging regions provide enormous growth opportunities, owing to low investment and high rate of return on investment.

Several giant organizations are adaption the marketing mix modeling for the purpose of optimized marketing of their products.

Considering the rise in demand rate and adoption of the marketing mix modeling for optimized marketing of their products, the global marketing mix optimization market is anticipated to register moderate growth during the forecast period.

Some of the key companies operating in the global marketing mix modeling market are Wipro Limited, The Nielsen Company, ThinkVine.com, Polaris Research, Analytic Partners Inc., and Decision Analyst Inc., among others.

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Marketing Mix Optimisation Market- Drivers and Restrains

The global marketing mix modeling market is basically driven by rising demand for efficient marketing strategies by organizations including those of the fortune 500 companies. The marketing mix optimization is aiding companies to regulate their investments in marketing of a particular product. This, in turn, helps the companies to proliferate the return on investment in terms of marketing costs by enhancing sales of a particular product.

Making use of marketing mix modeling enable the companies to accomplish the targeted goals and in addition, multiply benefits of the organization as a whole.

On the other hand, lack of transparency in the modeling methods and unstandardized measurement of the market are some of the major challenges which obstructs in getting actual predictions. This may restrain the market growth during the forecast period.

Marketing Mix Optimisation Market- Regional Outlook

On geographical level, global marketing mix optimization market is segmented into seven key market segment namely Asia Pacific, North America, Latin America, Eastern Europe, Western Europe, and Middle East and Africa.

Marketing mix optimization models are new concepts when compared to that of conventional ones. Hence, it is being adapted gradually in the developed and emerging economies.

A global trend has been observed in recent years where the giants are shifting their business to Asia Pacific, Eastern Europe, and Latin America to tap the growth avenues in these regional markets. This, in turn, is boosting growth of marketing mix modeling market in these regions.

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Automotive Lighting Market Factors, Forecast 2027 Major Companies

The automotive industry is flourishing and along with it, various other supporting industries are growing at a rapid rate. In the past recent years, demand for electronic vehicles has soared across the globe and gave the automotive industry various new avenues to grow and prosper. This growth has further augmented growth in the global automotive lighting industry. Advanced electric vehicles have different type and designs of lighting systems to attract customers and help automotive companies stand out of the league. Moreover, manufacturers focusing on improving visibility in the dark and providing better automotive lighting market functions in bad weather conditions.

Market to Witness Outstanding Growth by Rising At 5.7% CAGR

Information presented in a report published by the Transparency Market Research reveals that the global automotive lighting market is likely to witness incremental opportunity of ~ US$ 18 billion over the period of eight years from 2019 to 2027. This market is also projected to reach ~ US$ 51.8 billion by the end of 2027. With such a high incremental opportunity available in the market, the key players are projected to grow and prosper significantly in the coming years.

The report gives systematic analysis on prominent players operating in the market including Magneti Marelli S.p.A, Hella KGaA Hueck & Co, ICHIKOH INDUSTRIES LTD, General Electric Co., Hyundai Mobis, SAMSUNG ELECTRONICS Co., Ltd, Royal Phillips Electronics, and Zizala Lichtsysteme GmbH. Leading players are engaged in extensive research and adopting advanced technologies to innovate their products. This will also help them in improving their position in the market against their competitors. Competition among the players in the global automotive lighting market is projected to increase considerably during this tenure.

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This is mainly because of the presence of a large number of players that have created a fragmented vendor landscape in the market. However, few players will have a higher position, as they can invest more money in research and development activities and can even manage with fluctuating cost of raw material. One of the recent examples is ZKW who started the production of the laser-beam headlamps first in the world for the BMW i8.

Asia Pacific Considered as a Promising Investment Pocket for Manufacturers in the Automotive Lighting Market

Asia Pacific is considered as a highly crucial region for the growth of the automotive lighting market. Lucrative opportunities available for automotive manufacturers, easy access to raw material, and increasing purchasing power of people are some of the leading factors augmenting growth in Asia Pacific automotive lighting market. Besides, the focus on improving fuel efficiency due to booming technological innovation in the automobile industry, manufacturers are also making persistent efforts in providing enhanced customer experience and high product quality.

Moreover, they are also coming up with outstanding product features at a lower price range to meet buyer’s expectations. To work on all these areas, players in the lighting industry are expanding their presence mainly in China and India, as the automotive industry is growing massively in these regions. Low operating costs along with increased disposable income are other reasons for them to focus on these regions.

Thriving Production of Passenger Vehicles Augmenting Growth in Automotive Lighting Market

On the significant rise for passenger vehicles further boosted demand in the automotive lighting market. Globally, the production of passenger vehicles is three-time more than commercial vehicles. According to various studies, 30% of vehicle accidents occur at night, due to which the importance of advanced automotive lighting has increased in passenger vehicles. This factor is also influencing growth in the global automotive lighting market.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Automotive Lighting Market (Vehicle Type - Passenger and Commercial; Application - Front lighting, Rear lighting, Interior Lighting, and Side lighting; Technology - Halogen, Xenon, and LED; Product Scale - OEMs and Aftermarket Product) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027”.

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Wearable Fitness Trackers Market Future Trends 2026

Increasing demand for continuous health monitoring devices and growing requirement for fitness tracking apps is likely to influence growth of the global wearable fitness trackers market. A surging prevalence of obesity and rising disposable income too are other major factors expected to trigger growth in the market in near future.

On the other hand, high costs of products and data tampering risks is likely to limit growth of the global wearable fitness trackers market during the forecast period from 2017 to 2023.

Based on channel of distribution, indirect distribution channel is likely to hold maximum share in the global market. This is mainly due to growing customer preference for online shopping across the globe.

The report provides brief analysis about the global wearable fitness trackers market along with a thorough segmental and regional analysis.

Global Wearable Fitness Trackers Market: Trends and Opportunities

The increasing awareness about the obesity and rising preference for online store due to increasing demand for fitness app device is likely to be key drivers influencing growth of the global wearable fitness trackers market. In addition, growing trend for wearable technology is expected to boost growth in this market. The growing preference by the geriatric population for frequently requirement for tracking the health status is likely to fuel the global wearable fitness trackers market in coming years. Moreover, the rising healthcare spending due to growing disposable income is another trend likely to drive growth of the global wearable fitness trackers market in upcoming years.

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Many of these devices are equipped with highly interactive features. Along with these features, the presence of high-end tracking systems present in these devices are majorly boosting growth in the global wearable fitness trackers market in foreseeable future. An increasing trend for development of Internet of Things (IoT)-based systems is another trend fueling growth of this market. Moreover, there is continues demand for the wireless health monitoring device among the elderly population and the related disease among the same age group. For instance diabetes requires continuous monitoring device and this likely to stimulating demand for the wearable fitness trackers across the globe. 

Global Wearable Fitness Trackers Market: Regional Outlook

From a geographical standpoint, North America is likely to dominate the global wearable fitness trackers market due to the presence of large number of prominent players such as fossil, fitbit Inc., and Apple Inc. Rising incidences of chronic disease, surging healthcare expenditure, and growing adoption of fitness trackers are prime factors propelling growth in the global wearable fitness tracker market.

Global Wearable Fitness Trackers Market: Companies Mentioned

The prominent players operating in the global wearable fitness trackers market are Motiv Inc., Sony Corporation, Sensoria Inc., Xiaomi Inc., Garmin Ltd., Apple Inc., and Tom Tom International BV. The players are majorly focused towards mergers and acquisitions, collaborations, and partnership to launch new products and strengthen their presence across the globe.

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For instance, Forbit Inc. recently announced a partnership with the DexCom, Inc. to develop device for monitoring glucose level in blood. This will further help the consumers to track their activities and glucose level by monitoring wrist. In addition, the advancements in technology is promoting the growth of the global wearable fitness trackers market in coming years. The presence of large and small players in the global wearable fitness trackers market demonstrates a highly over the assessment period.

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Test Automation Market Analysis And Forecasts To 2025

The competitive landscape of the market for test automation is a fragmented one that is marked with the presence of quite many large vendors, according to a publication by Transparency Market Research. It is divulged in the report that these prominent vendors that are operating in the market hold most of the market share. Some leading companies in the international market for test automation are Capgemini S.A, Cognizant Technology Solutions Corp., Hexaware Technologies, IBM Corporation, Tata Consultancy Services, Wipro Ltd., SeaLights Technologies Ltd, Infosys Ltd, Qasymphony, Inc., and so on. The major players are now emphasizing on research and development work pertaining to test automation field in a bid to obtain upper hand and stay ahead of their rivals. These leading names are also making a shift towards the expansion of their geographical territory through associations with regional players.

The market for world test automation was worth around US$30.45 bn in the year 2016, and is predicted to reach a value of around US$109.69 bn over the tenure of forecast that stretches from 2017 to 2025. The test automation market is likely to expand at a double digit CAGR of 15.4%.

Digital Transformation to Spearhead Market Growth

Digital transformation is all around and is transforming the society in an unprecedented way. Digitization is much of a phenomenon. The very base of a digital society depends on the software testing and quality assurance technology and as such it is crucial for every enterprise to ensure that the software that is to be used gets tested first. This has led most of the IT companies to invest substantially in software testing and quality assurance. As such, much of the impetus that is needed for the growth of the market for test automation is obtained from these aforementioned factor.

Furthermore, there is an increase in the market demand owing to the phenomenal penetration of mobile phones and augmented usage of mobile applications in productivity, communication, and multimedia travel. At the base of usage and application of all of these technologies lie software testing. In addition to that, cloud based applications that are now widely prevalent and used by the consumers is giving the market a boost that is again driving the growth for test automation market. Most of the organization today are opting for managed services and as such the same is projected to lead the segment of Services in the market for test automation.

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There are, however, restraining factors that mar the progress of the market as well. There is a high cost factor that is associated with the market for test automation. Huge investment is mandatory for the setup of suitable test laboratories. Besides, delayed timeframes are also responsible for retraining the growth of the market.

North America to Continue to Play Dominant Role in the Market for Test automation

When geographical segments are taken into consideration, the market for international test automation market has been classified into Middle East and Africa, Latin America, Europe, Asia Pacific and North America.

North America emerges as a clear leader of the market and the region is predicted to retain its geographical supremacy over the period of forecast. It accounts for the lion’s share of the market. The factors that are fuelling the regional market growth are augmented traction of QA in many of the organizations. North America is followed by Europe owing to the maturity and enhanced sophistication of QA and testing field. The report also indicates that there will be immense opportunities in the emerging economies of Asia Pacific and South America.

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