Linear Actuators Market Growth Factors And Forecast To 2027

The global linear actuators market is highly fragmented, with the top five players accounting for a less than 20-25% of the market’s overall valuation in 2018, observes a recent report by Transparency Market Research. Investment aimed at the development of technologically advanced product varieties, product innovations to meet the constantly changing demands of different industries, and adherence to high quality standards are some of the key growth strategies adopted by market players in the market. Some of the leading players in the market are Emerson Electric, Co., Rockwell Automation, Inc., Honeywell International, Inc., Parker Hannifin Corporation, and Tsubakimoto Chain, Co.

The global market holds an immense promise of growth in the near future. Transparency Market Research estimates that the market will exhibit a promising CAGR over the period between 2019 and 2027. Of the key product varieties, the segment of electric actuators, which currently accounts for over 25% of the market’s overall revenue, is expected to remain the most promising over the forecast period. Geographically, the U.S. will continue to hold a prominent share in revenue, but the rate of growth of the Mexico market will surpass that of both the U.S. and Canada.

Rise in Industrial Automation to Reinforce Demand for Linear Actuators in North America

• The Global market is chiefly driven by the favorable rise in industrial automation across all industries such as automotive, oil and gas, fluid, and defense in the region. Industrial automation is largely supported by various types of linear actuators, owing to which, the potential future rise in industrial automation is expected to positively impact the growth of the linear actuators market in North America.

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Additionally, the significant rise in demand for efficient water and wastewater management is also predicted to drive the application of a variety of linearly actuated valves at an exponential rate in the region. With the rising stringency of environment sustenance norms, the focus on water conservation and wastewater management is expected to further strengthen in the region in the next few years. This is expected to emerge as a high-impact factor for the future growth prospects of the Global market.

• Furthermore, the growth region’s aerospace and defense industry, where linear actuators have varied applications, is also expected to aid the demand for a variety of linear actuators in North America in the near future. The impact of this factor on market’s development is presently medium but is expected to be high during the forecast period.
• Further, many market players are launching tool that can help in the purchasing of the linear actuator. For instance, in 2019, Firgelli Automations, a linear actuator system manufacturer announced a calculator for the measurement of force prior to making the buying decision on linear actuator. It will help customer in choosing and purchasing precise linear actuator depending upon the applications.

Decline in Manufacturing and Mining Sectors to Keep Demand in Check

The market is, however, expected to bear the brunt of the recent slowdown in the manufacturing sector in the near future. The manufacturing sector is one of the key consumers of a variety of linear actuators. The slowdown in its operations is indeed a big restraint and could have a sizeable negative impact on the growth of the linear actuators market in North America. The impact of this restraint is presently medium and is expected to further lessen during the forecast period.

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The mining industry in North America is also facing a rough patch owing to decline in demand, lack of financing, and strict regulations regarding a number of environmentally taxing operations. The mining industry being another key consumer of linear actuators, it’s declining growth prospects are expected to have a notable negative effect on the linear actuator market in the region.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Linear Actuators Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

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Optical Position Sensors Market Revenue, Price and Gross Margin

A report by Transparency Market Research on global optical position sensors market states that the market is expected to witness an above-average 9.0% CAGR in the forecast period of 2018 to 2027. According to the report the growth of the market is attributed to extensive use of technologies like VR and automations that can process and visualize data in real-time. Further, with growing application of optical sensors in automotive industry, is expected to boost the global optical position sensors market to reach to the value of US$ 3.3 bn by the end of 2027.

Extensive Shipments of Optical Sensors Asia Pacific

The growth in the demand for optical sensors is expected to continue with the steady pace in Asia Pacific. This growth is backed by the increasing demand for smart electronic devices in the region. As a result of the growing disposable income of the consumer, they prefer to adopt optical sensors to maintain the safety of their assets. All these factors cumulatively support the dominance of the Asia Pacific in global optical position sensors market. Based on the data acquired, the report by Transparency Market Research states that Asia Pacific optical position sensors market is expected to bag US$ 886.3 mn by the end of 2027.

Consumer Electronics Emerges as the Leading Segment

The global optical position sensors market is categorized on the basis of the type, technology, applications, and end users. Of these categories, the consumer electronics segment under application parameter is expected to emerge as the lading segment during the forecast period 2018 to 2027. The segment accounts for more than 51.2% of total revenue generation of the global optical position sensors market. One of the key factors that boost the segments growth is the growing application of optical sensors in various consumer electric products like smartphones, and smart cameras. Some of the other end user industries that constitute the global optical position sensors market are defense and aerospace.

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Smart Devices Drive Better Growth

Devices like smartphones, smart watches, and tables are some of the smart devices that extensively use optical sensors. The growth in the sales of these products soar the revenue for global optical position sensors market. In order to capture majority share of global optical sensors market, manufacturers of these devices are rolling out new products with competitive price range and features. Because of the arrival of new products in terms of technology, price, and features, smart devices are driving the growth of global optical position sensors market in the forecast period of 2018 to 2027.

Moreover, use of smart devices in agriculture sector is another factor that drives the growth of global optical position sensors market these days, says the report. According to the experts at Transparency Market Research, agriculture domain has increased the use of smart devices to predict the condition of the soil, temperature, and weather. These hiked up adoptions are one of many factors that are driving the growth of global optical position sensors market in the forecast period of 2018 to 2027.

Lack of Precision may Hamper the Growth

One of the most prominent drawbacks of optical sensors is that they lack precision.  It makes it difficult for the user to ensure the quality of the results and accuracy of the information they provide. This is majorly because of the absence of proper international standards in order to determine the performance of the sensors. Due to these inconsistencies, the global optical sensors marker might face some downfall during the forecast period. However, manufacturers are incorporating technologies such as IoT and VR that can provide impactful result for their optical sensors. Based on these technologies, the global optical position sensors market is expected to maintain its growth in the forecast period of 2018 to 2027.

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The study presented here is based on a report by Transparency Market Research (TMR), titled, “Optical Position Sensors Market (Types - One Dimensional Optical Position Sensors, Two Dimensional Optical Position Sensors, and Multi-axial Optical Position Sensors; Application - Aerospace and Defense, Automotive, Consumer Electronics, and Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019–2027.”

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Capsule Filler Market Share by Region

Transparency Market Research delivers key insights on the global capsule filler market. In terms of revenue, the global capsule filler market is estimated to expand at a growth rate of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global capsule filler market report.

In the report, TMR predicts that the global capsule filler market would be largely driven by factors such as increasing demand for nutraceuticals, and rising demand for capsules in emerging markets across the world. Moreover, the growing usage of automatic capsule fillers is expected to boost the growth of the capsule filler market in the coming years.

According to the capsule filler market research report, in terms of type, the market has been divided into manual, semi-automatic, and automatic. Automatic capsule fillers are expected to remain dominant in the global capsule filler market and their dominance is projected to continue during the forecast period. Increase in demand for large scale production of capsules is the major reason for the dominance of automatic capsule fillers.

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In terms of filling material, the global capsule filler market has been classified into liquid, semi-solid, and solid. Solid filling material held majority share in 2019 and is projected to hold the same position based on revenue generation during the forecast years, owing to the increasing demand for powder and granule form in medicines as they have faster dissolution rate. Moreover, they enable easy filling of granules in capsules, preventing any type of leakage or contamination both before and after filling of the capsules.

Capsule Filler Market: Drivers, Opportunities, and Restraints

Globally, the use of capsule fillers is expected to experience steady growth. Growth of the capsule filler market is the result of stringent pharmaceutical regulations by governments of different countries. These regulations are leading to a growing need for capsule fillers, which can fill capsules more precisely at a faster rate. The most dominant factor driving the growth of the capsule filler market is the growing usage of capsules. Capsules are gradually being favored as majority of people choose to intake medications or supplements in the form of capsules. Therefore, in countries where advanced drugs are made, capsules are mainly preferred, owing to their well-defined advantages over tablets, which is expected to drive the overall market in the coming years.

Increasing demand for capsules entails large-scale production with more capsule filling capacity, which offers opportunity for the development of new capsule filler machines that can produce more capsules in an hour. Furthermore, increasing application of technology by different pharmaceutical companies is driving demand for complete automation of capsule manufacturing processes. This is also projected to create new opportunities for the capsule filler market globally throughout the forecast years.

However, the major challenge faced by the capsule filler market is the increasing prevalence of skin problems, which require topical administration of medication, and diseases in which drugs need to be administered intravenously. In such cases, drugs cannot be administered in capsule form, which is likely to hamper the capsule filler market in the coming years.

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Capsule Filler Market: Prominent Regions

In 2019, North America dominated the global capsule filler market. The dominance can be attributed to increasing use of capsules inside inhalers for the highly prevalent pulmonary diseases in the region. However, the market in Asia Pacific is expected to grow at a faster rate throughout the forecast period. The capsule filler market in Asia Pacific is driven by rising applications in nutraceuticals and pharmaceutical companies. Increasing consumer preference for capsule-based formulations and rising disposable income are some of the significant factors expected to drive market growth in the coming years.

Europe is also likely to witness steady growth rate throughout the forecast years, generating around 20% to 23% of the total capsule filler revenue globally. The capsule filler market grew in response to the increasing health awareness in the region, which is leading to the growth in the pharmaceutical industry. Therefore, demand for capsule fillers is rising in the region.

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Nanosatellite & Microsatellite Market Strategies, Factors Contributing To Growth 2020-2027

The global nanosatellite & microsatellite market is extremely competitive and fragmented in nature, states a latest report by Transparency Market Research (TMR). Some of the prominent players operating in the global market are Clyde Space, Gomspace, Ruag Group, Raytheon, and Sierra Nevada Corporation. These companies are focusing on investing in research and development activities to introduce innovative products in the marketplace to gain a competitive edge in the global nanosatellite & microsatellite market. Alternatively, these players are entering into mergers and acquisitions to penetrate the global nanosatellite & microsatellite market. New players are entering the global nanosatellite & microsatellite market.

Growing focus on reducing the cost of miniature satellites, rising development of infrastructure, and advancements in satellites are expected to boost the global nanosatellite & microsatellite market during the forecast period. The global nanosatellite & microsatellite market is projected to expand at a CAGR of 12.9% from 2019 to 2027 to reach value of US$ 3.4 Bn by the end of the forecast period.

Geographically, the global nanosatellite & microsatellite market is expected to be dominated by Asia Pacific during the forecast period. Growth of the market in the region can be attributed to rising demand for applications related to earth observation and research and development of network infrastructure in developing countries in Asia Pacific.

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In terms of industry type, the global nanosatellite & microsatellite market has been segmented into agency, defense, educational, non-profit, energy & infrastructure, and others. Among these, the global nanosatellite & microsatellite market is expected to be led by the defense sector during the forecast period. This growth can be attributed to high demand in the defense sector to communicate with soldiers located in far-flung areas.

Technological Advancements to Promote Growth of Global Nanosatellite & Microsatellite Market

Rising demand for miniature satellites and low costs incurred for production of miniature satellites are expected to boost the global nanosatellite & microsatellite market in the next few years. Increasing number of telecom companies is likely to generate demand for nanosatellites and microsatellites. These companies invest in nanosatellites and microsatellites to improve their Internet connectivity and bandwidth. Cost effectiveness and better features provided by modern microsatellites as compared to conventional ones are projected to drive the global nanosatellite & microsatellite market during the forecast period.  Hence, the global nanosatellite & microsatellite market is projected to expand at a substantial rate during the forecast period.

Moreover, advanced technologies that help in setting up research universities are projected to provide new growth avenues to the global nanosatellite & microsatellite market during the forecast period. Rising need for communication by using smart devices is projected to boost the global nanosatellite & microsatellite market in the next few years.

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Implementation of Strict Regulations to Restrain Market

Stringent rules and regulations by International Telecom Union regarding radio frequencies are estimated to hamper the global nanosatellite & microsatellite market in the next few years. Moreover, lack of launch vehicles to launch miniature satellites are projected to hinder the global nanosatellite & microsatellite market in the next few years.

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High Resolution Dispensing Systems and Equipment Market Demand, Trends and Forecast to 2027

The competitive landscape in the global high resolution dispensing systems and equipment market is consolidated, as top five players held 50% share in the market in 2018. Leading players paved their way by concentrating more on innovative technologies and developing advanced items. Owing to these strategies, players are able to strengthen their positions and expand their geographical reach. Players are also making deliberate efforts to meet the growing demand from various end-user industries. To name a few leading players operating in the global high resolution dispensing systems and equipment market are Dover Corporation, Nordson Corporation, AptarGroup, Inc., Jensen Global Inc., Franklin Fueling Systems Inc., and Musashi Engineering Inc.

According to Transparency Market Research report, the global high resolution dispensing systems and equipment market is projected to rise at steady CAGR of 6.30 over the projected tenure between 2019 and 2027. If the market progresses at this growth rate, the market valuation will reach up to US$ 3.75 bn by the end of 2027. In 2018, the market earned US$ 2.16 bn.

The demand for automatic dispensing systems that falls under the product category has gained huge attention and acquired a larger share in the market in 2018. Manufacturers developing automatic dispensing systems are using automatic variants due to its multiple advantages. Moreover, automatic dispensers help in preventing dispensing in wrong locations that encourages overall productivity, lowers the chances of part failure, and reduces cost.

With respect to geography, Europe held dominant share in the global high resolution dispensing systems and equipment market 2018 and is expected to lead the market over the projected tenure. Increasing use of advanced technology and higher investments in the electronics industry strengthen position of this market. Moreover, Asia Pacific market is also projected to contribute in growing the global high resolution dispensing systems and equipment market.

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Increasing Application Various Industries to Expand Market Performance

Integration of automation in various industries is the key driving factor behind the growth of the global high resolution dispensing systems and equipment market. In fact, the growing needs customization, accuracy, and control among the end-users is also expected to fuel growth in this market. Moreover, increasing employment of high resolution dispensing systems and equipment in various industries such as automotive, aerospace and defense, and oil and gas is also anticipated to provide a fillip in this market.

Adding further, growing use of high resolution dispensing systems and equipment in the electronic industry might also create growth opportunities in this market in the coming years. High resolution dispensing systems and equipment is used in electronic applications such as protecting, kiting, and plastic holding to gain high accuracy and precision.                                                    

Expensive High Resolution Dispensing Systems and Equipment Could Limit Market Growth

As the cost of high resolution dispensing systems and equipment is generally higher than ordinary dispensing systems and equipment which might restrain growth in this market. This cost is increased due to innovation taking place in high resolution dispensing systems and equipment which overall increases the cost of products. Moreover, design limitations are also projected to restrict growth in this market. However, increasing demand for precision and accuracy might encourage the growth in the global high resolution dispensing systems and equipment market. 

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Athletic Footwear Market Growth and Demand

The athletic footwear market report is a detailed study of trends, growth indicators, and economic forecast during 2018-2028. The report promises to provide key insights into the falling ratings for sports broadcasts. Currently, the falling ratings for all sports including NBA, MLB, and NFL is a major challenge worrying investors. According to sports illustrated, there is a 9.7% drop in overall NFL rating during the 2017-2018 season. Moreover, there was an 8% fall in the NFL rating in 2015-2016. This pattern is consistent over all major networks including ESPN, MLB, and Fox. This is an important trend to watch out for in the athletic footwear market. The dynamic shifts in viewing patterns of of the audience is expected to bring about a sea of change in loyalties, branding, marketing and distribution channels in the athletic footwear market.

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Global Athletic Footwear Market: Notable Developments

K-Swiss, a major brand for athletic footwear designed new sneakers especially for esports players in 2019. According to a new report by Goldman Sachs, the esports market will be worth $2.7 billion by 2022. Moreover, the move by K-Swiss is in line with other major brands including Adidas and Nike which also signed sponsorship deals with e-sports in 2019.

While speaking in an interview, former vice president of digital and brand strategy at phoenix Suns said, the rising usage of tablet and smartphone has led to increased consumption of online channels on Youtube as well as Netflix. On the other hand, the Brian Hughes, senior vice president MAGNA Global USA said, there is an increased interest in quick highlights, stats, and updates.

Athletic Footwear Market: Drivers and Restraints

More consumer are engaging in cord cutting, cord shaving, and responsible for the falling ratings. This may be a worrying trend but it is a sign telling investors to adapt more to the digital medium. The interactive and vibrant interaction of digital medium needs to be analysed further in order to find more suitable and lucrative branding and marketing opportunities.

Many analysts believed the reason for the sudden drop in ratings has a lot to do with generational change. They believed millennial aren’t keen on watching sports as much as their previous generation. However, new studies have debunked this theory. The number of millennial watching NFL on TV actually increased from 65% to 67% in 2016-2017 season. So, the challenge here is not essential generational, or lack of interest. However, it’s about fighting short attention spans.

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Global Athletic Footwear Market: Geographical Analysis

The global athletic footwear market report will cover key regions of the globe which display huge diversity in their viewership trends towards sports. On one hand, North America and Europe are witnessing huge stride towards e-sports. On the other hand, countries like China are witnessing major uptake of new sporting viewership including MLB and NBA. The e-sports market will likely remain dominant in the near future as rising urbanization globally, congested space, and busy lifestyle are moving city dwellers away from conventional sports. Additionally, the e-sports in the virtual world provide a far more interactive, community-based, and passionate fan following. The growing demand for athletic footwear in conventional sports is likely to remain high, thanks to expanding outreach to new regions, growth in interest for shorter formats of the game, and rising disposable income in developing countries. However, the digital arena leaves large scope for investigation as new players, new regions, and dynamic shifts in advertising, marketing, and distribution promise to create new opportunities for growth.

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Pet Care Market Set to Witness Huge Growth by 2024

The global pet care market is substantiating a sturdy growth with next generation pet tracking and monitoring breakthroughs, such as Whistle 3 for more reliable, faster, and smarter pet care. The wireless and GPS enabled device works remarkably for locating a lost pet and taking charge of the pet’s daily activities and exercise. With phenomenal features such as companion mobile app, accurate location tracking, and waterproof on-collar device of all shapes and sizes, Whistle 3 is currently making the cut in the industry. The advanced pet tracking gadget is a fine illustration of the market’s quantum leap in technology.

The global pet care market report brings to light some of the salient factors and progressions of the industry while presenting two pivotal segmentations. The analysts have segmented the market taking into consideration the major geographical regions. With reference to the different pet types, the market is split into five segments and an exclusive segment which incorporates the not-so-common types of pets.

In respect of the several microeconomic and macroeconomic aspects making a difference in the international pet care market, the report foresees the growth factors and their impact for the forecast period 2016–2024. Interested parties also have access to the present and future market scenario as the study spotlights the prevailing trends and market size until the end of the forecast period. Overall, the report offers an across-the-board analysis of the market to help make knowledgeable business decisions and have a preliminary visibility of the future market.

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Global Pet Care Market: Trends and Prospects

The pet care market is mainly comprised of pet health care and pet food on a worldwide platform. Pet owners are taking to premium food products and creative grooming commodities to care for their domestic pets. This has considerably raised the spending limit of pet owners in the industry, thereby adding to the growth of the global market. As pet owners are accepting their pets as family members due to altering cultural and socioeconomic factors, the market is expected to witness a valuable growth. In addition to the aforementioned drivers, the escalating disposable income of pet owners belonging to the middle income group and rising trend of nuclear family are anticipated to lay a robust foundation for the advancement of the market.

The global pet care market could find some hurdles in its growth path due to strict cultural and government regulations, rising incidence of allergies from pets, and swelling prices of pet care products. Howbeit, the elevating concerns towards pets and surging number of pet owners are envisioned to repair the shortcomings of the market.

Global Pet Care Market: Geographical Evaluation

With the lowest birth rate in the world, China is foretold to boost the global pet care market as the average income population chooses to spend more on their pets rather than having children. However, India tops the Asia Pacific market in terms of healthy growth. Comparative prospects are also expected to be witnessed by North America in the international market.

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Global Pet Care Market: Competitive Landscape Analysis

The competitive landscape of the global pet care market is envisaged to be driven by extended trends and innovations apart from the usual pet care products. Services such as pet day care and pet training are prophesied to influence the market. The report elaborates more on the competitive scenario of the market, taking into account other decisive factors.

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