Friday, 10 July 2020

Reefer Container Market Size, Industry Outlook and Forecast to 2024

Reefer containers are refrigerated insulated containers used to ship temperature-controlled cargos such as fruits, fish, meat, vegetables, and dairy products.  They are also used to ship inedible products such as flowers, pharmaceuticals, and chemicals. Some products need to be transported in chilled, frozen, or temperature-controlled containers. Reefer containers help transit such products without the risk of decay or spoilage. Reefer containers can keep products frozen at a temperature of even minus 60°C. Optimal humidity conditions are also ensured inside reefer containers through de-humidification systems. This enables flowers to stay fresh and bananas and other fruits do not turn brown even after being in transit for miles and over several days inside the reefers.

Reefer containers can maintain and lower temperature in harsh and unsuitable conditions. These containers can help maintain temperature of 30°C for goods that need to be kept warm regardless of the temperature prevalent outside. However, reefer containers are not meant to lower the temperature of cargos, but maintain the pre-cooled cargo temperature. These containers are characterized by bottom air delivery units designed in a way that lets in chilled air through the floor of the reefer via a T-shaped decking. This, in turn, provides the advantage of producing consistent and uniform flow of cold air across the container, thereby ensuring suitable exchange of air in goods.

Innovative methods of shipment of cargos have replaced conventional methods. Conventional methods of transportation primarily include the transit of goods by roads, which takes long time. Goods may perish in such a method of transportation. Although navigation facilities are available, the absence of thermal insulated containers may damage edible and inedible products that need to be stored under controlled temperatures.

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Global cold chain has expanded significantly since the last few years due to the discovery of reefers, which help transit edible and inedible products easily in a stipulated duration without causing any damage. Increase in international trade and easy navigation facilities have also boosted the reefer container market. Of late, reefer containers have been replacing temporary warehouses, as the former lower packaging and labor costs. Low transportation costs, fast and easy transshipment of goods, and low terminal turnaround times are driving the reefer container market. Protection from theft and spoilage are also responsible for the increase in usage of reefer containers.

Lack of availability of the appropriate reefer container is one of the major challenges facing the reefer container market since utilization of the latest cooling technology is vital. Transportation costs and freight charges have decreased substantially.

However, significant investment in terms of fixed capital expenditure is needed in arranging and maintaining reefer containers. This is another factor that hampers the reefer container market. Ports also need to be spacious in order to accommodate large containers; thus, occupancy becomes a challenge. Allowing trade of cargos in reefer containers also increases the incidences of illicit trade, as contents are unknown.

The reefer container market can be segmented based on the types of products transported and geography. Food products and non-food products that can be further segmented into liquid items, pharmaceuticals, and chemicals are the types of products or cargos transported in reefer containers. 

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Based on geography, the reefer container market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America. Of these, APAC and North America are the leading markets. Both these regions are technologically advanced and have some of the key manufacturers of reefer containers. These regions are also known to engage in extensive overseas trade across the globe.

Key players operating in the reefer container market are Daikin (Japan), Klinge Corporation (the U.S.), Singamas (China), Fortune Container Trading (HK) Limited (China), and Global Sea Containers Limited (the U.S.). These companies are leading in terms of manufacture of reefer containers. Major vendors operating in the market include Maersk Line (Denmark), MSC (Switzerland), and NYK Line (Japan).

Commercial Aircraft Market Manufacturers Analysis

The global commercial aircraft market is on course to achieve a stellar growth in the coming years of the forecast period. As the global tourism flourishes and becomes accessible to more people, the airline companies will look to expand their fleets. Moreover, airline industry is becoming more customer oriented and thus is projected to upgrade to new generation of aircrafts to provide their customers with unique experiences. Such developments are thus projected to help in the overall development of the global commercial aircraft market.

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Global Commercial Aircraft Market – Notable Developments

Some of the key developments in the global commercial aircraft market are given below:

  • The global commercial aircraft market is mainly dominated by Boeing Company and Airbus SE. In December 2019, United Airlines Holdings Inc., one of the top airlines across the globe, placed a huge order of aircrafts with Airbus SE. United Airline places their first long-range A321neo jets with Airbus. The valuation of the deal is worth over US$7 billion.
  • In November 2019, Emirates Airline and Boeing Company together a issued a statement in which they announced the Emirates have agreed upon purchasing 30 787-9 Dreamliner aircrafts. The value of the deal is expected to be around US$8.8 billion.

Global Commercial Aircraft Market – Drivers and Restraints

There are multiple factors that are helping to push the growth of the global commercial aircraft market. One of the biggest driving factor for the market growth has been the recent rise in the number of air traffic. Emerging economies in particular are contributing considerably in such matters and are thus fueling the development of the global market. Another important factor for the development of the global market has been the launch of new air routes for improving the global connectivity. It is causing the airline companies to expand their aircraft fleet. This is in turn helping to drive the demand for procurement of the next generation of commercial aircrafts. Furthermore, in recent years, there has been a considerable economic growth of the middle class population. This coupled with the growing trend and ever increasing popularity of global tourism is expected to fuel the development of the global market.

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Global Commercial Aircraft Market – Geographical Outlook

The global commercial aircraft market features a vast geographical landscape with five main regional segments. These regions are North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Of these segments, the region of Asia Pacific is currently leading the global commercial aircraft market. The dominance of the regional segment is because of the increasing number of aircraft procurement occurring there. In addition to this, recent rise in the amount of air passenger traffic is also helping to fuel the development of the market. Evolving nations such as India and China are experiencing massive developments in their domestic air traffic culture and are thus contributing in the overall development of the Asia Pacific segment of the commercial aircraft market. Moreover, introduction of next generation aircrafts and launch of new air routes are also helping to fuel the market growth.

Real Time Store Monitoring Platform Market Trends, Key Players, Competitive Strategies and Forecasts to 2028

The real time store monitoring platform market may record steadfast growth in the forecast period of 2019-2028 on the back of the associated advantages such as prevention of consumer data loss, vendor fraud detection, identification of internal theft, etc. Real time store monitoring platforms are used by multichannel retailers primarily for efficient data management and for gaining a competitive edge in multichannel execution. The real time store monitoring platform enables proper viewing of all the store activity on a day-to-day basis and provides clear data on store performance.

The ongoing report on the real time store monitoring platform market analyses and displays a wide range of possibilities that can place the market shareholder on the path of growth even during unprecedented situations like COVID-19 pandemic. The report sheds light on vital components important for boosting the growth of the real time store monitoring platform market such as ongoing trends, competitive assessment, and regional outlook. The report presents an expert microanalysis of every aspect that can influence the growth rate of the real time store monitoring platform market positively.

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Real Time Store Monitoring Platform Market: Competitive Analysis

The real time store monitoring platform market is extremely competitive with many key players in the fray for acquiring the top place in the pyramid of well-established names. The players involved in the real time store monitoring platform market invest hugely in extensive research and development activities for achieving this goal. Mergers, acquisitions, collaborations, joint ventures, and partnerships also take place frequently for strengthening the market position. This aspect eventually benefits the real time store monitoring platform market in terms of growth.

  • Renmark Holdings recently partnered with Chinese systems integrator, Hanvon Technology, for transformation of China Mobile’s 17,800 corporate stores into smart retail stores.
  • Checkpoint systems launched a new system to assist retailers in viewing in-store occupancy. Employees and managers can access the information via cloud-based technology on tablets or any other device connected with the software.

Real Time Store Monitoring Platform Market: Key Trends

With cashier-less stores like Amazon Go gaining traction across the world, the real time store monitoring platforms play an important role in managing these types of stores. Observing the growing trend of such stores, startups are coming up with novel real time store monitoring platforms that support efficient cashier-less monitoring. For instance, Grabango, a startup has launched a real time store monitoring platform where the products in the store picked by the consumers are tracked through computer vision technology. While a consumer leaves a store, it automatically tallies the items and enables payment through the Grabango app, eliminating the need for cashier payment. Such technologies in the real time store monitoring platform market may gain considerable momentum in the near future.

The use of real time store monitoring platforms for dynamic pricing of the products through analyzing the overall market scenario is also picking pace as a vital feature. Price monitoring tools equipped in the real time store monitoring platforms are rapidly acquiring a place of importance as highlighters that convince an enduser for purchasing. Improving the overall store experience by providing offers and promotions on the basis of customer preference may also bring good growth opportunities for the real time store monitoring platform market.

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Real Time Store Monitoring Platform Market: Regional Assessment

The real time store monitoring platform market is geographically segmented into Latin America, the Middle East and Africa, North America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), and Japan. North America may serve as a growth leader for the real time store monitoring platform market owing to the rising number of cashless stores across the region and the growing influence of technology in the retail sector.

Radio Frequency Identification Market Intelligence Report Offers Growth Prospects

The global radio frequency identification market is predicted to observe substantial growth in the timeframe of analysis due to rise in demand for the technology for various purposes. The demand for radio frequency identification technology is likely to be driven by the rising demand for monitoring, tracking, and locating human beings and objects for resource optimization, safety, and security. The entire world is making a shift toward internet of things (IoT), sensor networks, and real time location system (RTLS), the global radio frequency identification market is likely to witness considerable growth over the tenure of assessment,

The radio frequency identification systems are set up in the industry and comprise three important elements, which are middleware, readers, and tags. The tags are estimated to comprise leading chunk of the market and are estimated to witness major developmental activities. Both active and passive tags are gathering momentum due to rise in the use of these products in many applications in the last few years.

Application, product, and region are the three important parameters based on which the global radio frequency identification market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global radio frequency identification market.

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Global Radio Frequency Identification Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global radio frequency identification market is mentioned below:

  • In January 2017, Zebra Technologies Company released Zebra Smart Sense RFID for use in the retail spaces in a bid to figure out and track the location of products, consumers, and associates in the stores in real-time.

Some of the prominent organizations in the global radio frequency identification market include the below-mentioned:

  • Zebra Technologies Corporation
  • RFID Global Solution, Inc
  • NXP Semiconductors N.V
  • Checkpoint Systems
  • Applied Wireless
  • Alien Technology

Global Radio Frequency Identification Market: Key Trends

The global radio frequency identification market is characterized by the presence of the following restraints, drivers, and opportunities.

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Augmented Use of Tags in the Healthcare and Retail Sectors to Trigger Market Demand

The major trends that are predicted to assist in the growth of the global radio frequency identification market are near field communication (NFC), asset tracking and payments, real-time intelligence, supply chain management, and automation. The governments have mandated the use of RFID tags so as to keep a track of the several industry products, such as data centers, livestock, and defense products. This factor is likely to propel growth of the global radio frequency identification market in the years to come.

Technological progress made in the ultra high frequency technology coupled with the convergence of radio frequency (RF) devices are predicted to play the role of a catalyst in driving demand for radio frequency identification technology in the near future. Besides, efficient use of memory, hybrid systems, and pre-printed tags are estimated to offer plethora of opportunities for the vendors in the market. This factor is predicted to shape the contours of global radio frequency identification market in the forthcoming years.

Global Radio Frequency Identification Market: Geographical Analysis

Driven by the extensive use of RF tags in healthcare as well as retail industries, North America is predicted to exhibit significant growth in the global radio frequency identification market in the years to come. Rise in the high volume shipments in the region, particularly in the US, in the last few years is expected to play a major role behind the growth of the market in the region.

Flue Gas Desulphurization Market May Set New Growth Story

Flue gas desulfurization is mainly used for extracting hazardous sulfur dioxide emissions from the flue gas. The flue gas desulfurization systems assist in cutting down the levels of SO2 and other greenhouse gas emissions. Dry Flue gas desulfurization and wet Flue gas desulfurization have emerged to be the key technologies in the global market. Generally, wet FGD systems are priced high in comparison to the dry FGD systems. They have lower operating costs and lower maintenance expenses. Wet FGD systems capture the majority of the market and expected to maintain its dominance in coming years.

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Global Flue Gas Desulphurization Market – Competitive Landscape

The flue gas desulphurization market is mainly concentrated, with few leading players holding majority of the market share. Some of the leading players such as Alstom, Mitsubishi Heavy Industries (MHI), Babcock and Wilcox have sustained their positions by expanding globally and providing turnkey integrated solutions to their consumers.

The companies in the global market are expected to adopt highly aggressive growth strategies such as mergers, acquisitions, joint ventures, and strategic partnerships in order to stay ahead of the competitive curve.

Global Flue Gas Desulphurization Market – Drivers and Restraints

One of the key driving factors for the growth of the global Flue gas desulfurization market has been the issuance of stricter environmental regulations. In addition to this, increasing energy demand across the globe has also created a solid demand for Flue gas desulfurization. All such factors are thus playing important roles in driving the growth of the global Flue gas desulfurization market in the coming years of the forecast period.

However, there are couple of factors that might impede the growth of the market in the near future. These factors will slow down the market growth and stop it from reaching its full potential. One of the key restraining factors for the market growth has been the high installation costs of these Flue gas desulfurization. Another important restraining factor is the higher waste disposable expense associated with these systems. However, increasing demand from the emerging economies such as India and Japan is projected to present lucrative growth opportunities in the coming years of the forecast period.

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Global Flue Gas Desulphurization Market – Geographical Outlook

There are five key regional segments of the global flue gas desulphurization market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, Asia Pacific is projected to show a stable growth over the course forecast period. Chinese FGD market is expected to grow due to rising thermal power generation that is likely to fuel the FGD systems demand in Asia Pacific region. The market comprises of key application segments including new systems and replacement and reagents market. With the increasing number of FGD systems, the demand for reagents to run FGD systems has increased. The market for FGD equipment and components has also increased significantly for replacing old FGD components.

Previous research showed that India and China presented incredible opportunity. However, now the focus is now mainly shifting away from China. Production units are now looking at moving their bases from China to other nations such as Japan and India as the world works towards emerging from the COVID-19 pandemic. As coal will likely to remain the main as well as cheap source of energy in emerging economies, the rise of manufacturing will be Asia Pacific’s way ahead in the global economy. 

Power Management Integrated Circuit (PMIC) Market Growth Factors, Demand and Trends Forecast to 2026

Providers of power management integrated circuit (PMIC) solutions have been tapping into the wide cross-section of demands for ICs in space-constrained applications. Revenue streams in the power management ICs market stem from the need for high-power density and a configurable power management design in computationally intensive platforms, notes Transparency Market Research. Key players have been seeing new opportunities from the constant flux of wearable, sensors, and internet of things devices in several industry verticals.  They are quick to unveil solutions that increase programmability, maximize performance per watt, and reduce power dissipation.

Some of the companies who have been at the forefront of the revenues in the PMIC market are Maxim Integrated Products, Texas Instruments, Inc., ON Semiconductor Corporation, Mitsubishi Electric Corporation, STMicroelectronics N.V., and Analog.

The global PMIC market is projected to climb to US$ 56.48 bn by the end 2026, clocking a CAGR of 4.6% from 2018 to 2026.

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Rapid Uptake of Portable Consumer Electronics Fuel Application

Automotive manufacturers and industrial sectors adopting voltage converters and regulators are key factors propelling the expansion of the global PMIC market. World over, there has been substantial uptake of PMICs extending battery life and reducing power dissipation in several of the compact devices hitting the consumer markets. Over the years, various emerging consumer markets have seen a surge of such devices. A large drive for the business proposition for PMICs stems from the proliferating sales of such consumer electronics, most notably smartphones.

Semiconductor devices with configuration and programmable features are gathering traction among electronics manufacturers in various parts of the world. A case in point is the growth in popularity of field-programmable gate array and systems-on-chip semiconductor ICs.

Deluge of Mobile Connected Devices Reflects on Promising Avenues of Emerging Markets

Several of aforementioend growth factors are the salient characteristics of emerging markets, notably Asia Pacific. In fact, the report projects the Asia Pacific PMIC market to expand at CAGR of 5.5% from 2018 to 2026. Proliferating demands for Li-ion battery-based applications in portable devices among the regional consumers have catalyzed the rise in opportunities in the regional market. Further, the growth has been fueled by the rapid applications of PMICs in automotive.

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The deluge of mobile connected devices has kept the prospect of Asia Pacific substantially lucrative in the global PMIC market over the past few years. Further, the rapidly growing demands for PMIC in networking devices in the key economies of the region has also driven new prospects in the market.

Growing demand for energy-efficient products have propelled the popularity of low-power PMICs. The uptake has been motivated increasingly by government regulations to optimize the energy consumption and heat dissipation from consumer electronics. Advances made in wearable have also stimulated high level of integration of chips, thus unlocking new potential in the global PMIC market. Semiconductor companies striving for solutions that reduce the standby power consumption of an appliance has expanded the scope of innovations in the market.

Smart Antenna Market 2020 Recovering From Covid-19 Outbreak

The global smart antenna market was valued at US$ 5,296.0 Mn in 2018 and is anticipated to register a stable CAGR of 7.9% during the forecast period 2019 to 2027, according to a new report published by Transparency Market Research (TMR) titled “Smart Antenna Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” Increasing application of smart antennas in smartphones and growing demand for smart antennas in wireless communication has increased the penetration and growth of the smart antenna market globally. The market in North America is expanding at a significant CAGR of 8.8% on the backdrop of numerous technological innovations in communication technology.

Increasing Popularity of Smartphones to Drive Growth of the Smart Antenna Market

Growing popularity of smartphones is ultimately resulting in high demand for smart antennas worldwide. Smartphones have become a viable alternative to laptops and personal digital assistants (PDAs), offering features such as SMS and voice messages coupled with multimedia functionality, internet applications, inbuilt GPS capabilities, and high data processing capabilities. Huge investments and advancements in technology are boosting the demand for smartphones globally. The growing requirement of quick data transmission and high speed of downloading and web browsing will continue to create heightened demand for smart antennas.

Rise in the Adoption of MIMO (Multiple Input Multiple Output) Technology to Drive Market Growth

By technology, the smart antenna market has been segmented into SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output), and MISO (Multiple Input Single Output). Due to its higher spectral efficiency and link reliability or diversity, MIMO has evolved to become an important part of modern wireless communication standards such as HSPA+ (3G), Long Term Evolution (4G), WiMax (4G), and IEEE 802.11n (WiFi). MIMO held the largest share of the market in 2018.

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By type, the smart antenna market is classified as switched multibeam antenna and adaptive array antenna. In 2018, adaptive array antenna was the largest contributor to the market. Dominance of the market by adaptive array antennas is expected to continue during the forecast period. However, the switched multibeam antenna segment is expected to expand significantly during the forecast period. Switched beam antenna systems offer significant increase in capacity and coverage as compared to conventional antenna based systems.

Growing Adoption of Smart Antennas due to Technological Advancements in Cellular Network in the U.S., China, India, Israel, and South Africa to Create More Market Opportunities

Geographically, the global smart antenna market is divided into five major geographical regions. These include North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2018, North America was the topmost revenue generating region followed by Europe. The demand for smart antennas has been the highest across North America due to the prominence of the telecommunications industry in the region. Furthermore, technologies such as radio frequency identification and ultra-wideband are in great demand across the US and Canada.

The U.S. held highest market share in 2018 in North America and is estimated to expand at the highest CAGR during the forecast period. The market in Europe is anticipated to grow at a significant CAGR during the forecast period due to advancements in the domain of wireless connectivity across the region. The smart antenna market in Asia Pacific is expected to expand at the highest CAGR of 9.1% over the forecast period. The growing need for faster data transmission in modern communication systems with high speed downloading and web browsing has forced companies to improve the efficiency of wireless transmission and this has enhanced the consumption of smart antennas in China and India.

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Cobham Antenna Systems, Intel Corp., Samsung Electronics Co. Ltd. and Alcatel-Lucent International Holdings Inc. Likely to Continue to Lead the Global Smart Antenna Market

The company profiling of key players in the global smart antenna market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years 2016 to 2018. The key players profiled in the global smart antenna market report includes Cobham Antenna Systems, Intel Corp., Samsung Electronics Co. Ltd., ArrayComm LLC, Alcatel-Lucent International Holdings Inc, Motorola Solutions Inc., Broadcom Corp, California Amplifier Inc., Accel Networks LLC., and Jiashan Jinchang Electronics Co., Ltd. Various players are introducing technologically advanced smart antennas and establishing partnerships with other players to meet the continuously growing demand for wireless communication technologies.

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

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...