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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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