Digital Door Lock System Market Research Report With COVID-19 Update

An up to date intelligence report compiled at the headquarters of Transparency Market Research (TMR) has projected the demand in the global digital door lock system market to augment at a remarkable CAGR of 34.7% during the forecast period of 2017 to 2024. In terms of value, the digital door locking systems market is estimated to be worth US$11,230.0 mn by 2024, mounting rapidly from its evaluated valuation of US$1,481.8 mn as of 2017. Volume-wise, a demand for 258,101 units of digital door lock systems is foreseen by the end of 2024.

Local Vendors Eating into the Shares of Global Players

Besides providing figurative analysis into the lucrativeness of different segments of digital door lock system, and revealing demand-potential of important regions and countries, the report has a featured section on vendor landscape. The analyst of this business study has detected a highly competitive scenario, attributing it to the low entry barriers of the market. There is strong presence of domestic and country-wide players as the technology is now quite accessible. These players are expected to continue eating a significant chunk of shares in the digital door locking system market in the near future.

That being said, a few well-established and global companies do hold a position of moderate strength over regional and localized players, providing for a diverse portfolio and top-notch technology. The report profiles quite a few prominent companies operating in the global digital door lock system market, including Honeywell International, Inc., Siemens AG, the ASSA Abloy Group, Hitachi Ltd., Cisco Systems, Inc., and Godrej & Boyce.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9770

Going forward, acquisition of promising smaller players is expected to be a key strategy of the market leaders to increase their shares, as it helps them strengthen their supply chain as well as enhances their product portfolio. Pioneering advancements to leverage cloud-based and Bluetooth technologies is also anticipated to be a mode of carving a niche in the market for the financially stronger players.

On the basis of product type, the report segments the market for digital door lock system into keypad lock including magnetic stripe, electric strike, and electromechanical door, and biometrics, which has been further sub-segmented into the recognition of fingerprint, voice, face, signature, iris, and palm. Based on end-users, the digital door locking systems market has been bifurcated into residential, commercial, industrial, and government. Geographically, North America and Europe are currently providing for the most prominent chunk of demand. However, the region of Asia Pacific is primed to generate demand at an above-average CAGR during the forecast period of 2017 to 2024.

Mushrooming SMEs Driving Demand

Growth of small and medium enterprises (SMEs) across the world, particularly in the BRICS nations, is the primary driver of the global digital door lock system market. These systems enables SMEs to allow grant controlled access to their labor force, which goes a long way towards achieving greater efficiencies. In addition to the mushrooming of SMEs in the commercial sector, the global digital door locking system market is gaining traction from government emphasis on building smart cities. Building and construction companies are now equipping their apartments with modern locking systems to lure newer customers. As the awareness regarding the benefits offered by these system spreads, the market is expected to prosper. On the other hand, high cost of these systems is the most prominent restraint that is holding the market from flourishing.

Read More Press Release@  https://www.prnewswire.com/news-releases/eyewear-market-to-attain-us265-4-bn-by-2025--increasing-product-portfolio-by-manufacturers-boost-growth---tmr-300798718.html ​​​​​​​

Key Takeaways:

• Global digital door locking system market is estimated to be worth US$11,230.0 mn by the end of 2024
• A few players are mildly ahead of the curve in a highly fragmented competitive landscape.
• Innovation and strategic acquisition is foreseen as the key modes for greater shares.

Read More

Flea and Tick Product Market Size by Regions

The demand within the global flea and tick products market is expected to rise with growing adoption of pets across the globe. The comfort of their pets is the top-most priority for pet-owners. The use of flea and tick products ensures the wellbeing of dogs, cars, and other pets. The adoption rate of dogs and cats has increased over the past decade, and flea products are most commonly used for these two animals. Hence, the global flea and tick products market is projected to accumulate increased revenues in the years to follow. 

Several new investment entities have emerged within the global flea and tick products market. The investing entities in the global flea and tick products market have weighed the favourable dynamics of investment against the unfavourable ones. Furthermore, these entities have also conducted rigorous sampling and analysis of pet owners to determine the lucrative prospects within the flea and tick products market. The propensity of the masses towards providing a high standard of living to their pets has also given a thrust to market growth. 

Transparency Market Research (TMR) predicts that the global flea and tick products market would expand at a stellar pace in the years to follow. The CAGR of the global flea and tick products market for the duration between 2018 and 2026 is estimated to be 9.75%. Furthermore, the total value of the global flea and tick products market is projected to touch US$ 10,115.21 Mn by 2026. The most distinct driver of demand within the global flea and tick products market is the rising incidence of flea infections in dogs and cats. 

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11492

 Growing Pet Ownership to Propel Market Demand 

The adoption of pets, especially cats and dogs, has gathered swing across several western regions. 36.5% of people in the US own a dog, while 30.4% of the people pet cats. These figures are important for market vendors who are planning to expand their operations to the US. Furthermore, the sense of satisfaction associated with petting of animals has also played a vital role in the growth of the global flea and tick products market. The revenue index of the global flea and tick products market is expected to improve by leaps and bounds in the years to follow. 

Advancements in the Domain of Veterinary Care 

The rising number of veterinary practitioners has made it easier for pet owners to determine the kind of flea that affects their pet. Hence, the global flea and tick products market is projected to become a haven of opportunities in the years to follow. Furthermore, proper veterinary care ensures that pet owners buy the right products for their pets. This factor has given a thrust to the demand for specialised flea and tick products. 

North America to Lead Market Growth 

On the basis of geography, the global flea and tick products market can be segmented into North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. The flea and tick products market in Europe is expanding on account of the growing adoption of pets in the region. Furthermore, the growing propensity towards adoption of dogs in China and India has given a thrust to the Asia Pacific market. 

Read More Press Release@  https://www.prnewswire.com/news-releases/automotive-power-electronics-market-reach-us-22-65-bn-by-2025-introduction-of-advanced-technology-to-expand-automotive-power-electronics-market-says-tmr-841338970.html ​​​​​​​

Some of the leading vendors in the global flea and tick products market are Bayer AG, Ceva Sante Animale S.A. (Libourne, France), and Sergeant’s Pet Care Products, Inc. 

Read More

Luxury Handbag Market Report and Growth Forecast 2026

According to a new market report published by Transparency Market Research titled ‘Luxury Handbag Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global luxury handbag market is expected to reach a value of US$ 35,075.3 Mn by 2026. The market is estimated to expand at a CAGR of 10.0% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach over 152,985.1thousand units at a CAGR of approximately 9.0% by 2026.

The luxury handbag market in Asia Pacific is projected to expand at a rapid pace during the forecast period. According to the report, the global luxury handbag market is experiencing high-paced expansion in its size and valuation due to the growth in the e-commerce retail market which is driving the luxury handbag market at present and a similar trend is anticipated to be witnessed over the forecast period.

One of the biggest drivers of the luxury handbag market is increasing population of working women and changing male preference for buying various types of handbags. Luxury handbags are an important accessory in day to day life. Luxury handbags include shoulder bags, satchel bags, handheld bags, sling bags, tote bags, hobo bags, backpacks, wallets, and others. These type of bags are used by both men and women.The demand for luxury handbags is much higher in developing countries and is anticipated to continue rising over the next few years.

Request A Sample - 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31271

The luxury handbag market can be segmented based on type, material, gender, and distribution channel. Based on type, the market can be categorized into handbag, backpack, wallet, and others. The handbag segment accounted for a prominent market share in 2017 and is forecasted to continue its dominance in the coming years till 2026, as there are numerous varieties and types available in the handbag segment such as tote bags, hobo bags, sling, bags, etc., offering multiple buying options to the customer. In terms of material, the leather segment is expected to expand at a CAGR of over 9.5% to reach over US$ 10,000 Mn in the near future.

This is due to the fact that a stylish handbag made of leather is the first attention-grabber for the consumer. Leather is expected to be followed by the synthetic segment due to rising demand for customizable and unique designs which are more often used by women than men. In terms of gender, the market is largely dominated by women, and the segment is expected to expand at a steady pace as the foremost part of the total luxury handbag market is primarily generating revenue from the women’s segment.

However, the men’s segment is projected to grow at a faster rate in the coming years due to growing demand for male luxury products. Men have started spending more on luxury bags. Based on distribution channel, the market is currently dominated by the offline channel. However, in the near future, sales via the online channel are anticipated to rise at a fast pace owing to growing number of e-commerce platforms such as Amazon, Myntra, eBay, etc. Small manufacturers can sell their handbags through these platforms without investing in a standalone shop.

In terms of geography, Europe dominated the global luxury handbagmarket in 2017 with more than 25% market share and is expected to maintain its leading position in terms of revenue during the forecast period, followed by Asia Pacific. Asia Pacific is projected to be the fastest growing market in the coming years due to major contributions from countries such as China, India, Japan, Macau, and Hong Kong. Japan and China are the major contributors to the growth in this region due to the presence of a large manufacturing base. India is one of the most promising markets due to which luxury handbag players are making huge investments in luxury products, backed by the growing standards of living in the country. In addition, Asia Pacific is becoming a fast growing region with the rising GDP growth rates.

Read More Press Release@  https://www.prnewswire.com/news-releases/aviation-cyber-security-market-worth-us-4-759-3-mn-by-2025-technological-advancements-to-make-the-market-fly-high---tmr-300852338.html

Some of the leading players of the luxury handbag market are PVH Corp. (Calvin Klein), Compagnie Financiere Richemont SA (Chloe SAS), Furla S.p.A., GANNI A/S, Giorgio Armani S.p.A. (Armani), Loeffler Randall, Macy’s Inc., LVMH Moët Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC), Michael Kors Holdings Limited, Rebecca Minkoff, Sungjoo Group (MCM), The Cambridge Satchel Company, MAUS Freres SA (The Lacoste Group), Vera Bradley Sales, LLC., MILLY NY, Tapestry, Inc. (Coach, Inc.), and Longchamp S.A.S. These players are competing against each other to increase their market share. For example, in July 2017, eight new Chloe stores were opened worldwide to increase its luxury handbag offering. Moreover, product development by offering multi functionality options in the handbag, business expansion, strategic partnerships, and opening new facilitiesare other key business strategy adopted by luxury handbag companies across different regions.

Read More

Industrial Protective Footwear Market 2020 Global Size, Status and Outlook

The global industrial protective footwear market is foreseen to expand at a steady CAGR of 4.1% from 2018 to 2027. By the end of 2027, the global industrial protective footwear market  is foreseen to reach around worth US$ 9,270.1 Mn. On the basis of volume, the market is prognosticated to expand at a CAGR of 5.5% within the forecast period from 2018 to 2027. The market is estimated to flourish with 163,013 ‘000 units by the end of 2027. 

Although leather footwear segment accounted for the highest market share in 2015, plastic footwear segment is expected to witness the fastest growth rate during the forecast period. This is attributed to their resistance against low temperature, crack, UV radiation, and waterproof nature. North America is a significant personal protection equipment (PPE) market in the world. Industrial protective footwear or safety footwear is part of PPE. 

 

Poor Working Conditions for factory workers to hamper Market Growth 

Quick advancement in different businesses has expanded workforce globally. But, factory workers face poor working conditions, expanded work hours, and employment instability. This highly affects the development of the market. Stringent government directions with respect to work environment security have brought about surged demand of industrial protective footwear. 

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1472

Developing security requirements for labors in manufacturing and development parts should drive the size of industrial wellbeing footwear market. These industrial protective footwear give insurance against different dangers including moving machines, introduction to chemicals, falling items, and electrical contact. These shoes are fabricated in consistence with safety footwear models incorporating ANSI in the U.S. which may propelled the business development. 

Growing Industrial Mortality in Chemicals to Propel Demand 

Surged awareness towards security and health and labors alongside developing industrial fatality in chemicals, manufacturing parts and other development sectors inferable from absence of protection may propel the industrial healthcare footwear market development. These are intended to deflect and ensure slip resistance, foot fatigue, and give expanded help to the curve and impact point which are being fused in the footwear market, in this way stimulating the industry development. 

Read More

Power Bank Market - Key Players and Revenue Growth Analysis by Forecast To 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region, Asia Pacific acquired greater share in the power bank market in 2018.

Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc. Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

Request A Sample - 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4105

Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price.

Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide.

Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments. By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

Read More

Military Rifle Market Share by Manufacturers

The global military rifle market is projected to demonstrate ascending graph of demand during the forecast period of 2019 to 2028. This growth can be attributed to a plethora of reasons. Rising number of issues related to the safely of nations is one of the key reasons boosting market growth. The segmentation of the global military rifle market is performed on the basis of product, range, firing mode, and region. On the basis of firing mode, the global military rifle market is divided into semi-automatic, fully automatic, and non-automatic.

An upcoming research report from Transparency Market Research (TMR) aims to offer comprehensive assessment of key elements impacting positively and negatively on the growth of the military rifle market. It gives reliable data on volume, shares, revenues, key players, and demand dynamics of the global military rifle market. Thus, the report is a compilation of all valuable insights of the said market for the forecast period of 2019–2028.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global Military Rifle Market: Growth Dynamics

In recent years, the world is witnessing rising concerns related to the safety of overall common population, territories, and public wealth. This situation has called for taking initiatives and growing efforts toward strengthening the security of countries. As a result, the government bodies of many worldwide countries have increased their spending on military services. Many countries are procuring as well as manufacturing superior quality weapons. The main purpose of this move is to strengthen their military capabilities. This factor is working as a driver for the global military rifle market.

The global military rifle market is witnessing rising demand for various products from a wide range of countries. Light machine gun, assault rifle, designated marksman rifle, general-purpose machine gun, and sniper rifle are products that are in high demand these days. This aside, the market for military rifle is witnessing rising demand for fully automatic military rifles owing to numerous advantages they offer.

For Right Perspective & Competitive Insights on Automotive Brake Override System Market, Request for a Sample

Global Military Rifle Market: Competitive Analysis

The global military rifle market is consolidated in nature. Presence of many international players signifies that the competitive landscape of the market for military rifle is extremely intense. Several vendors are entering into MoU and partnership deals. Using these moves, companies are focusing on fulfilling the high demands for the products from the market for military rifle. At the same time, the unmet demand of end-users connotes the opportunity for entry of new players in the global military rifle market.

Another strategy used by enterprises working in the global military rifle market is advancing their production capability. For this purpose, many companies have announced the expansion of their factories. As a result, the players from the military rifle market for are witnessing prodigious avenues for growth during upcoming years.

The list of key players in the global military rifle market includes:

• Arsenal Inc.
• Adcor Defense
• Adams Arms
• Bravo Company MFG, Inc.
• Sig Sauer

Global Military Rifle Market: Regional Assessment

The global military rifle market is spread across seven key regions, namely, North America, Europe, East Asia, South Asia, Latin America, Middle East and Africa, and Oceania. Of them, North America is projected to maintain its leading position in the market for military rifle. Furthermore, East Asia and South Asia are prominent regions showing profound growth during forecast period of 2019 to 2028. One of the key reasons for this growth is presence of emerging economies in these regions. Thus, the rising demand from developing countries including India and China is fueling the military rifle market growth.

Read More

Tele-operated Marine Drone Market Demand & Future Scope Including Top Players

Tele-operated marine drones are flying unmanned marine robotics or vehicles that are controlled by human operators. these drone systems, the operators control the movement of the robots from a distance away. In the recent past, tele-operated marine drones have been utilized by navy practices such as intelligence gathering. At present, these drones are discovering a broad spectrum of end uses in commercial industries such as drone based photography, and search and rescue missions. Alongside the emerging tele-operated drone market, drone education has also been expanding. Marine drones are used in standard water sampling as well. In this case, a handheld terminal is used for monitoring the working status of a boat and remotely controlling it.

Several universities across the world are now providing bachelor degree in Unmanned Systems Applications. Besides, increase in usage of tele-operated marine drones in commercial applications such as media and entertainment, monitoring, inspection, mapping, and surveying has boosted the growth of the global tele-operated marine drone market. All over the world, governments have also implemented these drones for surveillance, and other law and enforcement purposes.

They are further implemented in scientific research and development, infrastructure, disaster management, and environmental study activities. Thus this broad range of applications, along with growth in demand for the information generated by tele-operated marine drones and the rapid technological progress in tele-operated drones, are expected to further bolster the rate of growth in this market in the coming years. These drones also help to capture videos and images of undocumented immigrants and smugglers across borders. As far as restraining factors hampering the growth are concerned, government laws and rules regarding private policy violation pulls back the market to a certain extent.

Request PDF Sample@  

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19349

However, tele-operated marine drones are broadly utilized to monitor volcanoes, search and rescue mammal species, and to monitor water pollution. This developing trend of implementation of these drones in different activities is expected to establish a number of market opportunities for marine drone producers in the market. These manufacturers concentrate on offering comprehensive design, safety and functionality for ensuring the best creative appearance and performance.

The global tele-operated marine drone market is segmented on the basis of application, product, type, and geography. On the basis of application, the market is segmented into marine patrolling, hydrographic survey, oceanographic survey, environmental measurement, healthcare, defense, entertainment and media, and other applications. Among these applications, the entertainment and media segment will expectedly account for the largest market share in terms of revenue during the forecast period.

This is because of the increasing usage of tele-operated marine drones for capturing high resolution pictures and recording videos by professionals. According to product type, the global tele-operated marine drone market is divided into hybrid, nano, rotary blade, and fixed wing. On the basis of type, this market is categorized into monohull, catamaran, and trimaran Based on geography, the market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Read More Press Release@  https://www.prnewswire.com/news-releases/automotive-power-electronics-market-reach-us-22-65-bn-by-2025-introduction-of-advanced-technology-to-expand-automotive-power-electronics-market-says-tmr-841338970.html ​​​​​​​

Among the various regions, North America is estimated to account for the largest market share in the coming years, and also grow at exponential rates because of Part 107 regulation released by Federal Aviation Administration in the U.S. in 2016.This paved a path for numerous market opportunities in commercial industries such as surveying, inspection, mapping, and other sectors. In Canada, tele-operated marine drones are being utilized in high risk roles and diverse environment such as oceanographic research. The Asia Pacific segmented is analyzed to witness the highest rate of growth in the near future. The key players in the global tele-operated marine drone market are Deep Ocean Engineering, the Oceanscience group, Subsea Tech, Edge Tech, EvoLogics, R&D Drone, Smart Own, ACSA, and Yunzho Tech.

Read More