Technical Drawing Tools Market with Coronavirus (COVID-19) Impact Analysis

Technical drawing tool refers to drawings that are used to visually communicate how something is constructed. Technical drawings, sketches, and graphic images can be created using a variety of instruments, such as rulers, compasses, pencils, and a variety of triangles as well as by using the computer. Such equipment is used to make legible drawings and accurate models. A computer can be used for modeling and drawing and is widely preferred. Traditional drawing instruments are important, particularly for freehand sketching and for experimenting with lines and shapes. Technical drawing tools are useful and are widely adopted by consumers across the globe while sketching, drawing, or attempting basic graphics work.

Technical drawing is important in several industries in order to generate better ideas that are associated with industries and engineering. To make the drawings easier to understand, people use familiar symbols, perspectives, notation systems, units of measurement, page layout, and visual styles. Together, such conventions constitute a visual language and help to ensure that the drawing is unambiguous and relatively easy to understand. Rise in demand for accuracy has resulted in the development of more technologically advanced tools over the years. Manufacturers focus on continuous research and development in order to develop technologically advanced products that help consumers to work accurately and in lesser time.

The global technical drawing tools market has been segmented in terms of different product types, methods, application, and distribution channel. Based on methods, the technical drawing tools market has been segmented into sketching, computer aided designs, and manual.

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On the basis of different product types, the market has been segmented into protractor, mechanical pencils, compass, and ruler. By different drawing material, the market has been segmented into drafting paper, thick draft paper, tracing paper, and cloth inks among others. Based on application, the technical drawing tools market has been segmented into engineering and industrial. In terms of distribution channels, the market has been segmented into online distribution channel and offline distribution channel. Online distribution channel is expected to witness the fastest growth during the forecast period due to the convenience factor.

Rapid product innovation with unique features has resulted in the rise in demand for technical drawing tools in recent years. However, rising prices and rapid change in technologies is restraining the global technical drawing tools market. Development of new technologies that result in lesser time in drawing is expected to generate opportunity to the global technical drawing tools market during the forecast period. Companies focus on developing innovative products in order to grab more number of customers in the coming years.

In terms of region, the global technical drawing tools market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America and Europe captured a significant market share owing to the rise in 3D techniques in the regions. 3D drawings are an important technique to represent a structure virtually. Developing 3D techniques manually entails considerable time; hence, manufacturers focus on developing technologically advanced methods to generate results faster. Asia Pacific is expected to witness the fastest growth during the forecast period owing to the continuous research and development among the manufacturers in order to develop new products.

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The manufacturers of technical drawing tools face intense competition and are focused on product innovation. Some of the major players in the global technical drawing tools market are Tombow Pencil Co., Ltd, Hindustan Pencil Pvt Ltd, Staedtler, Newell Brands Inc., Pentel Co., Ltd. Mitsubishi Pencil Co., Ltd., and Faber Castle Corporation among others.

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Water Heater Market to Witness a Pronounce Growth During 2026

The water heater is an electrical device used to heat water for various purposes. 

The global water heater market is expected to expand and expand the industry. 

Change in consumer preference, owing to improvement in quality standards, is estimated to boost the market in the near future. 

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However, government initiatives in increasing the popularity of solar-powered water heaters are likely to propel the water heater market. 

Technological innovation is a key trend in the water heater market. Coilless is one such technology. U.S.-based company, American Hometech, Inc. has developed an advanced coilless technology designed to increase efficiency and conserve water while its usage. This technology prevents lime scale buildup, thereby protecting the water heaters. According to the U.S. Department of Energy, coilless technology can help households save water and energy.

The global water heater market can be segmented based on product, storage, end-user, distribution channel, and geography. Based on product, the water heater market can be classified into electric heater, solar heater, gas and propane heater, and geothermal heater. In terms of storage, the market can be divided into storage heater (tank type), tank less heater, and hybrid (heat pumped) heater. Based on end-user, the market can be segregated into residential, commercial, and industrial. In terms of distribution channel, the water heater market can be split into online and offline market. The offline market can be further sub-segmented into supermarket and hypermarket.

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In terms of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Prominent players operating in the water heater market include, Ariston Thermo Group, Bajaj Electricals Ltd., Nortiz Corporation, Bradford White Corporation, Rinnai Corporation, Rheem Manufacturing Company, AO Smith Corporation Venus, HTP, Haier Electronics Group Co. Ltd, SIEMENS AG, Himin Solar Co., Ltd, and Zhongshan. These players are continuously competing with each other in order to maintain their position in the market, by emphasizing on new product innovations, technological innovations, etc.

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Aerospace and Defense Fuel Market Future Forecast 2020-2028

The aerospace and defense fuel market may record a stable growth across the forecast period of 2019-2028 due to a plethora of factors, with the growing numbers of economical aircraft in the aviation industry being one of the prime factors. According to some statistics, air traffic may increase considerably across the forecast period barring the COVID-19 lockdown period.

The SARS-CoV-2 outbreak has disrupted the global aviation industry and has a direct impact on the growth rate of the aerospace and defense fuel market. The post-lockdown era may hopefully see the aerospace and defense fuel market on the greener side as international travel resumes when countries ease border restrictions. Meanwhile, the defense sector continues to boost the growth of the aerospace and defense fuel market as the demand for surveillance aircrafts increases.

This upcoming report on the aerospace and defense fuel market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the aerospace and defense fuel market. The segmental study enables an individual to thoroughly understand the aerospace and defense fuel market.

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Aerospace and Defense Fuel Market: Competitive Analysis and Notable Developments

Competitors in the aerospace and defense fuel market are coming up with new technologies to introduce sustainability across the aviation sector. The growing environmental concern across the globe has triggered the use of sustainable fuels across all sectors including the aviation sector. Various formulations and technologies are implemented to increase the efficiency of the fuel. Hence, such developments are expecting to boost the growth rate of the aerospace and defense fuel market greatly.

Activities like mergers and acquisitions help various players in the aerospace and defense fuel market retain their market position and sometimes, expand their foothold in the aerospace and defense fuel market. Some well-entrenched players in the aerospace and defense fuel market are Reliance Industries Ltd., Bharat Oman Refineries Ltd., Kuwait Aviation Fueling CO., Royal Dutch Shell Plc., Sinopec, Chennai Petroleum Corp. Ltd., and Hindustan Petroleum Corp. Ltd.

• Researchers have developed a novel process to convert sugar and organic molecules obtained from biomass called ketones into compounds that could assist greatly in the production of sustainable aviation fuel.
• Sybhelion, a company established by a group of researchers at the federal technology institute, is on the verge of creating a zero-emission fuel mechanism for the aviation sector. This development highlights the growing research and development activities in the aerospace and defense fuel market.

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Aerospace and Defense Fuel Market: Key Trends

The use of hydrogen as an additive to aviation fuel is expecting considerable traction across the aerospace and defense fuel market. Hydrogen helps in entirely removing the CO2 emissions and also can remove other greenhouse emissions. Therefore, the hydrogen added aerospace fuel may bring considerable growth for the aerospace and defense fuel market.

Aerospace and Defense Fuel Market: Regional Outlook

The aerospace and defense fuel market are geographically segmented into Asia Pacific, North America, Central and South America, the Middle East and Africa, and Europe. North America may emerge as an important arena of growth for the aerospace and defense fuel market.

Asia Pacific is also a fast-emerging region with the continuous expansion of military aircraft and various government initiatives for the civil aviation industry is bringing good growth opportunities for the aerospace and defense fuel market in the region. A classic instance is the UDAN program by the Government of India to encourage the use of domestic flights at affordable rates to strengthen regional connectivity across India.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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3D Printing Medical Devices Market Expected to Witness a Sustainable Growth over 2025

A stew of medium and small scale industries have barged into the global 3D printing medical devices market, making it a high competition amongst the players, notices Transparency Market Research in a newly published report. In order to fortify a strong foothold, organizations are trying to collaborate with local companies. Expansion of product portfolio, product differentiation, accompanied with deep research are the other things that the players are focusing on in order to build their brand name.  Some of the key players in the global 3D printing medical device market are Materialise NC, SLM Solutions, Arcam Ab, FabRx Ltd., Cyfuse Biomedical K.K., Concept Laser, 3D Systems Inc., Envision Tec, and Organovo Holdings.

 On the basis of component the market is classified into material, printer, software and services. Amongst these the software and services accounted for the highest share and is expected to continue so during the forecast period. This is because of the installed printers which requires maintenance and services overtime, is bolstering the market growth. Geographically, the North America holds the largest share in term of revenue and is expected to continue so in future.

It is anticipated that the global 3D printing devices market to be worth around US$3513.o mn in terms of revenue by 2025 from revenue worth of US$713.3 mn accounted in 2016. During the assessed period, the market is anticipated to expand at 17.7% of CAGR.

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Technological Advancement in 3D Printing Medical Devices Is Expected To Drive the Global Market

Tremendous technological advancement happening in the 3D printing sector after the arrival of this concept is pushing the global 3D printing market to perform better. This is because the 3D printing sector finds its abundant usage in healthcare sector apart from construction, military and automobile sector. The 3D printing medical device has recently gained popularity among the patients. It has gained the trust of both doctors and patients, thus fueling the market growth. Rise in need 3D printing medical device for implants, surgical instruments, tissue fabrication, surgical instruments, and prosthetics has increased the demand for these device.

High Initial Cost To Deter the Market Growth

Thought the 3D global medical device is expected to grow at a steep rate, but strict regulations in various countries regarding the sale of these devices imposed by both private and government agencies is expected to deter the market growth rate. The market is also challenged by the high initial cost of such devices.

Other factors such as heavy funds required for a small organization to have a strong foothold in the market is curbing the growth rate. Another major factor which is expected to bring down the growth rate of the market is absence of skilled expertise and the lack of accessibility of such advanced device in the rural or underdeveloped region. Though the inflow funds by leading player for research and development is expected to attract the consumer at a faster rate. 

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The study presented here is based on a report by Transparency Market Research (TMR), titled, “3D Printing Medical Device Market (Component - Printers, Materials, and Software and Services; Technology - Electron Beam Melting, Selective Laser Melting, Selective Laser Sintering, Photo polymerization, and Direct Metal Laser Sintering; Application - Orthopedic and Cranial Implant, Dental Restorations, Surgical Instruments, Tissue Fabrication, and External Prosthesis) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025”.

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Automotive Electronic Devices Market Emerging Trends and Competitive Landscape Forecast

High-tech electronic systems are a permanent fixture in cars nowadays and carry out a range of functions from regulating fuel to detecting problems. Anything between 30 to 80 separate electronic controllers – most of which are for safety – are fitted in cars these days. Such electronic components, which include adaptive cruise control and lane assist systems, constitute about 30% of the vehicles cost and in the years ahead that figure is slated to increase further. Other functions served by automotive electronic devices are advanced driving assistance, infotainment, and enhancing comfort. 

A report by Transparency Market Research, segments the global automotive electronic devices market based on products and technologies and studies each segment carefully to present a granular overview of the market. Depending upon the product type, for example, it divides the market into entertainment systems, control devices, GPS systems, and video devices. Among them, entertainment systems such as DVD player, satellite radio, audio devices, and dashboard players are most popular. The report predicts the global automotive electronic devices market to attain a value of US$18.5 bn by 2018.  

Global Automotive Electronic Devices Market: Trends and Opportunities 

The most obvious growth drivers in the global automotive electronic devices market are the burgeoning automobile sector and technological advancements that have resulted in a host of automated electronic devices for a seamless driving experience. Other factors stimulating the market are the increasing urbanization and the rising disposable income worldwide that has pushed up the demand for premium cars rigged with fancy electronic gadgets. 

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Stringent regulations by concerned authorities and regulatory boards to install automotive electronic devices to enhance safety is also encouraging quick uptake of the product. Some of the important and common devices for safety are padded knee bolster, passenger sensing system, airbags, electrochromatic auto dimming mirrors, and backup sensing system. Further, automated car control systems accord the driver control over multiple devices while driving without diverting his focus thus ensuring safety. 

Going forward, rising thrust on research and development to innovate more sophisticated products and increasing traffic congestion due to the growing number of automobiles owned per family worldwide would further fuel demand for electronic devices. A recent noticeable trend in the global automotive electronic devices market is integration different systems that can help to widen the scope for new technology, system, and designs, besides bringing about cost optimization. 

Global Automotive Electronic Devices Market: Regional Outlook 

Geographically, the global market for automotive electronic devices can be segmented into Asia Pacific, North America, Europe, and the Rest of the World. Currently, North America accounts for maximum market share but is slated to slow down its growth pace in the upcoming years. Europe too is expected to exhibit a slower growth pace in the near future due to the euro debt crisis dealing somewhat of a blow to the growing sales of automobiles. 

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Asia Pacific and Latin America are predicted to majorly contribute to the global automotive device market on the back of substantial sales in the automobile sector. The densely populated emerging economies in the two regions are predicted to fillip demand due to a fast expanding urban population with a means to splurge of premium products. Regulatory policies too are expected to drive growth in the market. The government of China, for example, has encouraged C-NCAP’s safety appraisal encouraging buyers to see a five-star rating as a benchmark to a vehicle’s quality. 

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Automotive Homologation Services Market Outlook To 2030 – Business Opportunity and Technological Innovations

The stricter regulations in terms of automotive homologation across the globe and the growing need for assurance of safe and efficient vehicles among a considerable populace can serve as prime growth factors for the automotive homologation services market. The companies offering automotive homologation services help an individual to obtain the ideal approvals required to sell a vehicle in a specific country. The automotive homologation standards aim to enhance car safety, ensure the environmental compliance of the vehicle, and also assure that the parts of the vehicle are of good quality.  

The automotive homologation services market provides its services to automobiles like passenger vehicles, motorcycles, commercial vehicles, trailers, and others. Based on sourcing type, the automotive homologation services market can be classified into Outsourced services and In House services.

This report on the automotive homologation services market offers an expanded analysis of the varied growth aspects such as current trends, competitive scenarios, regional overview, and others. The thorough analysis proves of great advantage to the stakeholders and offers a helping hand in designing exceptional strategies for cementing their foothold in the automotive homologation services market. The report also includes the COVID-19 impact on the automotive homologation services market.

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Automotive Homologation Services Market: Competitive Scenario

The automotive homologation services market can be classified as fragmented with numerous players in fray for offering cutting-edge homologation services. Local players with expertise in their countries are gaining considerable traction. The players in the automotive homologation services market are always engaged in spinning a strong web of network through tie-ups with ISO/IEC 17025-compliant laboratories for expanding their foothold around the globe and assure complete accuracy in test reports of the vehicles.

A focus on developing services based on the latest regulations brings extensive growth opportunities for the players in the automotive homologation services market. Some well-established players in the automotive homologation services market are Applus Services S.A., Lloyd’s Register Group Limited, TÜV SÜD Group, Eurofins Scientific, Formel D, Bureau Veritas S.A., EKRA SE, MISTRAS Group, Inc., and SGS Group.

Automotive Homologation Services Market: Impact of Driverless Technology

The advancements in technology have taken big leaps across the automobile industry. Driverless technology is one of the prominent technological developments and is prophesied to change the dimensions of the automobile industry. As the production and global reach of autonomous vehicles gain traction, the governments of different countries are coming up with novel regulations regarding autonomous vehicles.

The players in the automotive homologation services market are focusing on these developments and are investing in comprehensive capabilities for supporting the success of emerging technologies. Many players in the automotive homologation services market are offering services that cover Bluetooth compliance, device durability testing, cellular regulatory and carrier approvals, etc.

• Such developments may bring immense growth prospects for the automotive homologation services market. Here are some developments regarding the regulations for autonomous vehicles.
• The Australian Transport Ministry is developing a national regulatory framework to allow smooth operations of autonomous vehicles in Australia and the work is stated to complete in 2021
• The National Highway Traffic Safety Administration (NHTSA) recently announced the new Automated Vehicle Transparency and Engagement for Safe Testing Initiative Test (AV Test) that will help in tracking the status of Autonomous Vehicles’ (AVs) in the U.S.
• The German Government is in the process of preparing legislation commercializing driverless vehicle technology soon; it will be the first comprehensive legal framework that will cover road traffic requirements and homologation for robot axis

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Automotive Homologation Services Market: Regional Segmentation

The automotive homologation services market is spread across North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. Europe may contribute greatly to the automotive homologation services market during the forecast period due to the increase in automotive production activities in the region. The growing influence of autonomous vehicles may also bring considerable growth for the automotive homologation services market.

Asia Pacific may also hold a substantial share of the automotive homologation services market due to the escalating foreign trade activities.

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Automotive Radiator Fan Market To Witness Comprehensive Growth By 2030

According to the report, the global automotive radiator fan market is projected to surpass ~US$ 1 Bn by 2030, expanding at a CAGR of ~2% during the forecast period. Increase in global warming across the globe is prompting most vehicle manufacturers to develop an efficient cooling system for their vehicles, which is anticipated to boost the automotive radiator fan market across the globe. Technological progression and development of several advanced combustion modes, such as homogeneous charge compression ignition (HCCI), is anticipated to boost the automotive sector, owing to a rise in demand for high efficiency and low carbon emission. The automotive internal combustion engine market is expected to witness significant expansion due to the high demand for vehicles during the forecast period.

The rise in demand for refrigerated transportation across developing countries is likely to boost the automotive radiator fan market, as a radiator fan is required to provide air flow in order to prevent engine from overheating and improve air condition performance required to transport frozen food. This is expected to boost the automotive radiator fan market across the globe.

Expansion of Automotive Radiator Fan Market

The surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive radiator fan market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

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Based on vehicle type, the global automotive radiator fan market has been segmented into passenger vehicle, commercial vehicle, and electric vehicle. Passenger vehicle and electric vehicle are likely to be highly lucrative segments during the forecast period. This is primarily due to the rise in production of passenger and electric vehicle across the globe. The growing adoption of electric vehicles in major developing countries, including the U.S., China, Germany, and Japan is expected to propel the automotive radiator fan market across the globe.

In terms of radiator fan type, the electric radiator fan segment dominated the market, as an increase in demand for electric vehicles due to enactment of emission regulation is fueling the demand for automotive radiator fan. Moreover, the demand for noiseless fan is increasing, which is also likely to drive the demand for electric radiator fan and subsequently, propel the automotive radiator fan market.

Regional Analysis of Automotive Radiator Fan Market

In terms of region, the global automotive radiator fan market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive radiator fan market in 2019. It is anticipated to hold a leading share during the forecast period, due to the rise in production and sale of vehicles in China and ASEAN. The increased demand for electric vehicle across Asia Pacific is anticipated to boost the automotive radiator fan market in the region.

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Prominent players operating in the global automotive radiator fan market include AMETEK Inc., Denso Corporation, Valeo SA, FLEXXAIRE, BorgWarner Inc., CalsonicKansei North America Inc.., Delta Radiator Fan Ltd., ebm-papst, Guangzhou Tech Master Auto Parts Co., Ltd, Horton Holdings Inc., Multi-Wing International a/s., SPAL Automotive, Sunonwealth Electric Machine Industry Co. Ltd, Toshiba Electronic Devices & Storage Corporation USUI Co. Ltd., YILI Technologies, Bergstrom Climate Control Systems, and AVID Technology Limited.

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