Wednesday, 8 July 2020

Small satellite Market Opportunities and Forecast By 2026

The global market for small satellite is presumed to grow rapidly in the coming years owing to less mass weight and better storage capability of the miniature satellites. Small satellites are reduced in size in order to lessen the economic cost of launching vehicles. Apart from that the cost of constructing such satellites are also less as compared to that of the larger ones. Small satellites are comparatively more useful than their larger counterparts. More number of small satellites can prove to be multifunctional for instance, in order to gather information or for scientific data collection or even for radio relay.

There are different variations to the global small satellite market with respect to end user, application, and satellite type. On the basis of type, the small satellite market can be categorized into nanosatellites, microsatellites, and minisatellites. Based on segmentation by application, the market is segmented into technology demonstration, scientific research and experimentation, telecommunication, and earth observation. End user category is further divided into government, commercial, defense, and civil.

The report presented above is a complete evaluation of the global small satellite market with major focus on market dynamics. It also includes market drivers, restraints, and trends and opportunities. The above presented report also offers geographical and other segmentation of the market.

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Global Small Satellite Market: Trends and Opportunities

 The global small satellite market is driven by a couple of factors. One amongst them is the satellite miniaturization. Apart from that, the fact that mission cost and expenditure have reduced with the introduction of small satellites is also among the major factors boosting the overall market for small satellites.

However, the scarce intellectual asset of the small satellites may be a challenge for researchers to overcome during an operation. Apart from that, the issues regarding availability of radio spectrum may also hamper the overall market. Another factor that may rise up as a major issue negating the growth of the market is the regulatory challenges that may be faced by the rise in the number of small satellites proposed.

The limitations that are related to the design and features of small satellites can constrict market growth of small satellites in the long run. Besides, lack of dedicated launch vehicles that are used for small satellite launching into space is also less as compared to the number of small satellites.

Nevertheless, the proposed development of all satellite networks to work on internet where broadband connectivity does not reach is seen as a lucrative opportunity of growth in the market. Adding to that is the high rate communication of data and the huge amount of capitals invested in small satellite market that will propel the growth of the market in future years.

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Global Small Satellite Market: Regional Analysis

The global small satellite market is geographically segmented into the regions of Europe, North America, Asia Pacific and the Rest of the World. Among these, the North American region is projected to be dominating the market. This is owing to the number of research laboratories and base camps in its developed nations of the U.S. and Canada. The rising need for high resolution image services and high speed communication levels is also boosting the market to grow. Asia Pacific on the other hand is expected to grow in the field of rocket science and small satellites in the coming years.

Touch Screen Display Market Growth Prospects

The global touch screen display market is experiencing extreme competition in the market, observes Transparency Market Research. The fierce competition is among some of the leading players in the market such as Samsung, Fujitsu, 3M, Panasonic Corp, and LG Electronics. The prominent players are also highly focusing on mergers and acquisitions that could help them to expand their business. Focus on research and development activities in increasing, as players want to use innovative technologies and develop new products. Emerging economies is also seen lucrative opportunity by the players due to the presence of cheap labor and high availability of raw materials.

Statistics presented by Transparency Market Research, the global touch screen display market is anticipated to reach a valuation of US$ 121.1 bn by the end of 2027 progressing from US$ 57.1 as estimated in 2018. Over the forecast tenure between 2019 and 2027, the global market is projected to expand at 8.90% CAGR.

The application of touch screen display is high in retail kiosk as these screens are highly preferred as compared to other applications in this segment. The retail kiosk segment is expected to lead the market due to presence of multiple retail outlets spread across the globe. On regional front, North America held 35% market share in 2018. Over the forecast period, this region is expected to continue its dominance owing to the presence of key manufacturers in the region. On the other hand, Asia Pacific is also projected to be one of the key regions for the growth of this market due to increasing demand for touch screen display in this region.

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Retail Sector to Play a Crucial Role in Fueling Demand for Touch Screen Display

Application of touch screen display is seen in retail kiosks, gas pumps, public transport kiosks, car wash centers, automated teller machines (ATMs), sports arenas, parking terminals, medical equipment, and trade shows and exhibitions. Thus, with the growing application the demand for touch screen display is expected to grow significantly in the coming years. Among these applications, retail kiosk to lead the market as large number of retail outlets use touch screen display across the globe. This has given a significant push to the market’s growth. Moreover, to increase customer engagement various retailers are also adopting these advanced technologies. Introduction of infrared touchscreen and gesture sensing is also expected to benefit the market growth.

High Production Cost To Impede Market Growth

Despite the growing demand for touch screen display, few challenges are present in the market that could hamper the growth of this market. One of the major challenges is the limited availability of raw material. In addition, heavy competition and high cost of production may also lower down the prospects for growth in this market. However, operational ease and cost efficiency provided by these displays are projected to overcome these restraints in the coming years. Moreover, constant technological innovation that enhance the usability of these displays is helping in increasing the popularity of these displays. Thus, in the near future, the demand for touch screen displays are likely to increase at a significant rate.

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The information presented in this review is based on a TMR report, titled “Touch Screen Display Market (Application - Gas Pumps, Automated Teller Machines (ATM), Retail Kiosks, Trade Shows and Exhibitions, Car Wash Centers, Parking Terminals, Sports Arenas, Public Transport Kiosks, and Medical Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

Water Meter Market Top Companies and Trends

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market. 

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

Computer Numerical Controls (CNC) Market Size Forecast (2020-2027)

The computer numerical controls (CNC) market is characterized by a highly competitive vendor landscape, mainly due the presence of numerous players in the market. Participating in mergers & acquisitions, focusing on achieving product differentiation, and facilitating product regulation also are prime strategies implemented by most players operating in this market.

The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players. DMG Mori Co. Ltd., Haas Automation, Fanuc Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH, GSK CNC Equipments Co. Ltd., JTEKT Corporation, Takisawa Machine Tool Co. Ltd., OKUMA Corporation, and Yamazaki Mazak Corporation, are chief players operating in the global computer numerical controls (CNC) market.

Statistically speaking, the global computer numerical controls (CNC) market is expected to fetch a revenue of US$ 115.1 bn by 2027, which is a significant rise from an initial revenue worth US$ 64.0 bn registered in 2018. This growth is expected to occur at a rising CAGR of 6.7% during the forecast period from 2019 to 2027.

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Need for Automation Boosts Market’s Growth

Rising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation. Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market. This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.

Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines. Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.

Costly Maintenance and Servicing Dampens Product Sales

However, high costs associated with set up of CNC machines is profoundly retraining the market’s growth. This is as a result of low costs making it difficult for small-scale business with low capital to invest in the equipment. Even after the CNC instruments are purchased, they are quite costly to maintain, as they need to be serviced on a regular basis. Therefore, this factor is acting as a chief hindrance affecting the global computer controls (CNC) market. However, a slow-paced change has been occurring in the fundamental working mechanisms of the CNC machines, which is expected to reduce the workload and improve efficiency. Such changes are truly expected to offset some of the restraints affecting the global computer controls (CNC) market.

This market is mainly spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America lead the pack with maximum revenue earned owing to a strong industrial infrastructure and associated development.

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The study presented here is based on a report by Transparency Market Research (TMR), titled, “Computer Numerical Controls (CNC) Market (Types - Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application - Automotive, Industrial, Power & Energy, and Defense & Aerospace) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

Key Takeaways:

  • Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines
  • The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players

Family/Indoor Entertainment Centers Market Revenue Forecast by Regions

Family / indoor entertainment centers are the places designed for people of the various ages to spend their time. The large number of gaming options for entertainment makes it possible to observe a large crowd and thus to drive the market at family entertainment centers. These centers offer a variety of fun options including arcades, gaming consoles, video games, playground areas, indoor playground systems, redeemers, child-driving, skill-oriented machine games, and virtual and enlarged-reality gambling. FECs are also host to private events such as birthday parties and corporate events in areas such as malls.

This report offers a comprehensive study of the global family/indoor entertainment centers market, with focus on market opportunities and possible constraints, along with the latest trends driving the market.

Global Family/Indoor Entertainment Centers Market: Notable Developments

Adoption of Technologically Advanced Games/Entertainment

Currently, increasing reality (AR) and virtual reality games (VR) are trendsetting and players on the market of families and indoor entertainment centres. In addition, several gaming companies also focus on developing different technologies to enhance the experiences of the gaming in families and indoor entertainment centres. Manufacturers work on mixing AR and VR technology to produce new technologically advanced games with 3D projection mapping and interactive digital surfaces.

Loyalty Programs Offered by Vendors 

Family / indoor entertainment facilities offer loyalty programs, which is an important market driver. The program is supported by parameters like visit points, reward points, cards, memberships, etc. Loyalty programs. These loyalty programs are used to retain and attract new customers with advertising aid in family / indoor entertainment centers. 

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  • Launch of Innovative Offerings and Services 

Dave and Busters, the current leading establishment in the global family/indoor entertainment centers market is expediting its growth by offering unique services and efficient promotional marketing. The vendor focuses on providing users with an unforgettable experience, which is a key trait that the millennial generation demands. Dave and Busters has catered to this demand quite efficiently, making them global leaders in the market. 

Key vendors operating in the global family/indoor entertainment centers market are CEC Entertainment, Dave & Buster's, Main Event Entertainment, Time Zone Entertainment, and Smaash Entertainment.

Global Family/Indoor Entertainment Centers Market Dynamics

Because of various economic factors, ticket prices at entertainment centers constantly increase. Ticket prices will also vary based on the location of family entertainment centres, which also impedes FEC's growth in revenues during the projected period. The increase in disposable income per capita, the availability of diversified gaming and entertainment options and favorable demographics among young people in the Asia-Pacific region drive the growth of the market for family-oriented entertainment centers. 

Family centers for indoor and entertainment usually calls for 8-14-year-olds and their parents. In many Asian countries the median age is in the twenties and early thirties. This shows the penetration into the Asia-Pacific of young persons under the age of 14 years, and parents spend more on their children with rising revenues & expectations, which are expected to drive growth in the global families / indoor entertainment centers market. 

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North America to Dominate Regional Markets 

Due to the numerous players involved in this region, the market for the family and indoor entertainment centers in North America is forecasted to dominate the global market for family and indoor entertainment centers. The family / indoor entertainment facility market in Asia-Pacific is estimated to increase at a significant rate over the forecast period, given that growing GDP in Asia-Pacific countries such as China, India and Japan has increased the capacity of individuals in the region. As a result of a consistently growing middle class population and increased disposable revenue, this regional market is prognosticated to grow.

Carbon Dioxide (CO2) Laser Market Sales, Revenue and Gross Margin

Laser action in a Carbon Dioxide (CO2) molecule was first demonstrated by Kumar Patel in Bell Laboratory in 1964. The Carbon Dioxide (CO2) lasers can be operated in radio frequency range by using AC current or DC current. Due to its high drive voltages and current, CO2 laser is considered to be hazardous. Additionally, during the year of 1984, the CO2 lasers reliability has been approved by the U.S. Food and Drug Administration (FDA). Globally, CO2 lasers are used in different end use industries which includes automobiles, manufacturing, military and healthcare among various other.

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This is mainly due to CO2 lasers has various efficient characters such as performance, high output power, compact size, and durability among others, which have also proven to be very useful tool for different application. Last couple of years, growing demand for research & development activities in medical application have tremendously increased the scope and applicability of CO2 lasers. The range of dermatological applications of the CO2 laser is expected to continue to increase in the future. Furthermore, CO2 lasers are used in multiple medical application which includes dermatology and surgery worldwide. The global CO2 laser market is estimated to witness a stable growth during the projection period, from 2018-2026.

Technological advancement in CO2 laser technology have meant greater precision and smaller spot sizes for laser surgery, and more flexibility in tip sizes and protocols for fractional CO2 laser treatment. Global CO2 laser market has been segmented on the basis of laser type, end use industry and geography. On the basis of laser type, the CO2 laser market has been segmented into flowing CO2 gas lasers, sealed off CO2 laser and transverse flow CO2 gas lasers among others. In coming years, flowing CO2 gas lasers segment is expected to grow at a high CAGR rate. On the other hand, in 2017 flowing CO2 gas lasers and sealed of CO2 lasers hold the major share in global CO2 laser market.

Based on end use industry, the CO2 laser market has been bifurcated into automotive, military & defense, manufacturing and healthcare among others. In 2017, healthcare and manufacturing segment hold the major share in the CO2 laser market. These applications are expected to maintain their dominance during the forecast period.  However, in coming years, healthcare segment is anticipated to grow at a highest CAGR rate. This is mainly due to, rising application and increasing use of CO2 laser technology in healthcare applications will further drive the market growth during the forecast period. On the flip side, availability of other substitute’s inspection product in compare with lower price is anticipated to hinder the growth of this product market in coming years.

Geographically, CO2 laser market is segmented into North America, Europe, Asia Pacific, Middle- East and Africa and South America. The growth in demand for automotive and manufacturing welding and cutting is majorly driven by Asia Pacific. In addition, Asia Pacific is predicted to witness the most auspicious market in the coming years, owing to increasing number of automotive and consumer electronic device manufacturers are continuously focusing to expand their operation and manufacturing units across the different part of Asia Pacific. Cumulative emphasis on research and development happenings by government initiative in robotics industry is also acting as a key factor in the growth for Asia Pacific market. Across the globe most promising and developing countries in North America to dominate the second market share within next forecast period. Asia pacific region is expected to be the fasted growing market for this product due to rapid industrialization and increasing adoption of new technologies across different end use industry vertical.

This report explores the major global industry players in detail. Major companies operating in the global CO2 laser market are Coherent Inc. (The U.S.), SYNRAD (Europe), Directed Light Inc. (The U.S), GSI Group Ltd. (The U.S), SPECTRAL (Europe), Edinburgh Instruments Ltd. (The U.K.) Han's Laser Technology (China), LightScalpel (The U.S.), Kern Technologies, LLC. (The U.S.) And Lumenis Ltd. (Israel) among others.

Wireless Charging ICs Market Size 2020 and Strategic Assessment

Transparency Market Research delivers key insights on the global wireless charging ICs market. In terms of revenue, the global market is estimated to expand at a CAGR of ~29% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global wireless charging ICs market.

Wireless charging ICs offer multiple advantages over the traditional charging systems in terms of efficiency, cost-effectiveness, and safety. Wireless charging is the method of transmitting power-based resonance technique or electromagnetic induction to tablets, mobile phones, wearable devices, and smart electronic devices. Wireless charging can be called ‘the next industrial revolution,’ as it is changing the manner in which people work, entertain, live, and travel, along with the manner in which businesses and governments interact with the world.

A wireless charging IC is an integrated circuit for wireless charging. It consists of a receiver and a transmitter. The transmitter coil transmits wireless energy, while the receiver coil receives power transmission. The transmitter coil helps in transfer of power to the receiver coil through electromagnetic induction. Businesses are leading adopters of wireless charging ICs. Wearable electronic devices are the second-largest adopters of wireless charging ICs, followed by mobile phones. Wireless charging ICs are primarily used in mobile phones, tablets, wearable products, and consumer electronics devices.

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Wireless Charging ICs Market: Dynamics

Increase in the demand for wireless charging and rise in the installation of wireless charging devices at retail and public outlets are likely to fuel the global wireless charging ICs market during the forecast period. Wireless charging eliminates the need for cables required to charge mobile phones, tablets, computers, and wearable products. With a wireless charging solution, the battery inside any battery-powered operation is charged by simply placing the appliance nearby the wireless power charging device. Over the last few years, manufacturers across various industry verticals are registering high demand for specialized charging solutions to cater to the needs of their customers.

Furthermore, wireless charging ICs are increasingly being used in applications such as smart phones and tablets, wearable electronic devices, medical devices, and automobile devices. However, wireless charging technology is standardized by the Global Qi Standard. Global manufacturers are using this standard while developing their wireless charging products. Manufacturers are not able to use other techniques or any other standardization to develop a new product segment, which is one of the most important factor likely to restrict the growth of the wireless charging ICs market during the forecast period. This compatibility nature of product creates a negative influence to enter small manufacturers in the market. Furthermore, compact product design and facility of charging multiple devices are expected to drive the global wireless charging ICs market during the forecast period.

Wireless Charging ICs Market: Prominent Regions

Asia Pacific is the dominant region of the global wireless charging ICs market. This can be attributed to high adoption of consumer electronics devices such as mobile phones and tablets and wearable electronics devices in the region. The market in North America is estimated to witness significant growth during the forecast period, owing to high adoption of wireless technology in the region.

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Wireless Charging ICs Market: Key Players

Key players operating in the global wireless charging ICs market are NXP Semiconductors, Vishay Intertechnology, Inc., MediaTek Inc., Qualcomm Inc., Texas Instruments Inc., Broadcom Corporation, Toshiba Corporation, On Semiconductor, Analog Devices, Inc., ROHM Semiconductor, and Integrated Device Technology Inc.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

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