In-flight Catering Services Market to Soar in the Coming Years in Top Regional Markets

The growth of the global in-flight catering services market is reflective of the customer-centricity of airlines. World-renowned airlines have earned the trust of frequent fliers through their premium services. Besides, the aviation industry has transcended as the most sophisticated, customer-oriented, and refined sector. The importance of in-flight catering services in adding value to the experience of guests has played a vital role in market growth.

Airline operators invest large sums of money in training flight attendants to provide premium catering services. Moreover, airlines are also investing ample time in narrowing down on the best option for in-flight meals. It is, therefore, safe to expect that the global in-flight catering services market is riding along a lucrative pathway.

Transparency Market Research, in a research report predicts that the global in-flight catering services market would expand at a steady CAGR of 5.0% over the period between 2019 and 2027. Furthermore, the total value of the global in-flight catering services market held a total value of US$ 18 Billion in 2018.

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Strategies of Renowned Airlines

Singapore airlines has earned the prestige of being one of the most customer-centric airlines. With their personalised approach and premium services, the airlines have constantly earned accolades and appreciation from travellers. The expertise of the staff in food catering has been a matter of distinction for the Singapore Airlines. The growth of this well-acclaimed carrier has also contributed towards the growth of the global in-flight catering services market. Moreover, other airlines are also making prudent efforts to match the starry standards set by Singapore airlines.

Emirates has emerged as the favourite airline in terms of food catering. The meals provided by emirates are a matter of discussion amongst allied travellers. The desserts and snacks provided by emirates are especially very popular amongst frequent fliers. The hospitality of the emirates staff while offering food catering services has also earned global recognition. It is expected that the global in-flight catering services market would grow alongside key developments across major airlines. A major proportion of the airline budget is dedicated towards ensuring premium in-flight catering services.

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Boom in the Aviation Industry to Drive Sales

After witnessing a prolonged damp period, the aviation industry has regained momentum over the past few years. The boom in the industry can be attributed to multiple factors including favourable government policies, large-scale funding from key-investors, and increasing air traffic. Considering the aforementioned factors, the global demand within the in-flight catering services market is expected to touch new heights. However, introduction of paid meals by certain airlines is a matter of concern for the market vendors.

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Online Gambling & Betting Market to Fuel Revenue Growth During the Forecast Period

According to a new market research report published by Transparency Market Research titled “Online Gambling & Betting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027,” the global online gambling & betting market is expected to reach a value of US$ 134.5 Bn by 2027, growing at a CAGR of 11.9% from 2019 to 2027. Europe held the leading share in the online gambling & betting market in 2018 and is expected to maintain its dominance over the forecast period.

The online gambling and betting market is expected to witness a rapid growth during the forecast period due to regulatory environment, which in turn is expected to propel the global market across the globe. Moreover, increase in prevalence rate of gambling, rise in disposable income of consumers, trust in the mode of online gambling and betting, growth in penetration rate of Internet, and adoption of Internet-based devices are major factors driving the online gambling & betting market.

Participation in online gambling & betting helps end-users to witness gambling and betting activities in real-time through their Internet-based devices. Online gambling and betting consists of gambling and betting games such as poker, casino, sports betting, and lottery which are played through digital platforms.

Relaxation of laws for online gambling & betting across the globe provides new opportunities for internet based gambling & betting operating players to generate revenue. Major online gambling & betting players are involved in the business of innovative game development along with online transaction services. Companies operating in the online gambling & betting market include 888 Holdings plc, The Stars Group, Paddy Power Betfair plc. Fortuna Entertainment Group, GVC Holdings Plc., and Kindred Group, as profiled in this report.

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With the adoption of mobile devices in online gambling, gamification is expected to play a crucial role in disrupting the market over the coming years. Today, operators are trying different ways to generate customer loyalty in the online gambling market. However, players are not able to find major differences between similar games, since all games are built on the same gaming models.

Gamification is expected to provide an advantage for operators by offering strategies such as real-time performance analytics, competition with player-friends, virtual rewards, and loyalty bonuses. This, in turn, is expected to generate brand loyalty in players and distinguish the operator’s games from those of its competitors. Furthermore, it is expected to drive innovation among operators in order to create new forms of gambling games in the coming years.

The global gambling revenue is expected to grow at a healthy rate owing to high disposable incomes, favorable regulation, and tax rebates in respective regions. The end-users comprising the age group from 35 to 55 years having high disposable incomes and a passion for the adoption of the latest technological devices as part of leisure. Therefore, the end-user segment is more likely to adopt online gambling technologies in the coming years.

Generations Y and Z, consisting of the age group between the years of 15 to 25, are more inclined to use mobile devices and may find online gambling a part of leisure in the coming years. Thus, combining the inputs from both age groups, the online gambling and betting market is expected to register positive growth over the forecast period.

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In terms of geography, Europe accounted for the highest share in 2018. Asia Pacific is expected to grow at a higher pace in coming years. Key factors attributing to the Asia Pacific market growth are relaxation of laws, growth in participation of wagers through Internet, and availability of foreign gambling & betting sites with attractive offers. In addition, increase in penetration of Internet-based devices and trust in using online gambling & betting sites are stimulating the market.

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Fencing Market Share to Exhibit Steady Growth in the Coming Decade

According to a new market report published by Transparency Market Research  titled ‘Fencing Market (Product Type – Privacy Fencing, Picket Fencing, and Others); (Material Type – Metal, Wood, and Plastic & Composite); (End-use – Residential, Commercial, and Agriculture)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, the global fencing market is expected to reach US$ 62,766.5 Mn by 2027, expanding at a CAGR of 3.6% from 2019 to 2027. In terms of volume, the global fencing market is expected to reach 3,901.7 Million Feet, expanding at a CAGR of 2.2% from 2019 to 2027. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

Fencing is a part of the global perimeter security market. The perimeter security market in North America is a mature market and is growing at a healthy rate. In North America, rise in demand for perimeter security products are driving the demand for fencing products. Consumers in North America are increasingly demanding decorative home products, which is increasing the demand for ornamental iron and steel fences in the region. In North America, privacy fences hold the largest market share and are expected to grow in market size during the forecast period.

Across North America, there are specific rules and regulations regarding quality of the material used to make fences. Fences made of metal such as aluminum, steel, wrought iron, etc. hold the largest share in North America. Presently, plastic and composite fences such as fences made of vinyl are increasing in popularity in North America and are expected to see rising demand during the forecast period. In North America, the U.S. is the dominant fencing market, followed by Canada.

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The perimeter security market in Europe is a mature market and growing. In Europe, rise in overall demand for perimeter security products are increasing demand for fencing products. Increase in demand for attractive home protection products are leading to rise in demand for fences in Europe. Privacy fences hold the largest market share in Europe and are expected to hold a share of 44.0% by the end of the forecast period. In Europe, market players operating in the fence market have to follow specific rules and regulations. In Europe, metal fencing holds a major share of the market. Ornamental iron and wrought iron fences are increasing in popularity as they have low maintenance cost. Fences made of plastics and composites such as PVC are also popular in Europe. France, Germany, and the U.K. are the major fencing markets in the region.

The Asia Pacific perimeter security market is a growing market. In Asia Pacific, increasing usage of perimeter security products is increasing the demand for fencing products. Privacy fences hold the largest market share in Asia Pacific and are expected to hold a share of 43.0% by the end of the forecast period. Picket fences, chain linked fences, etc. are also growing in demand. In Asia Pacific, metal fencing holds a major share in the market. Wrought iron, ornamental iron, steel, and aluminum fences are increasing in popularity as they have low maintenance cost. Fences made of PVC are seeing increasing demand in Asia Pacific. China, Japan, and India are the major fencing market in the region.

Demand for fencing products is growing in MEA with rise in perimeter security products. GCC and South Africa are the major fencing markets in the region.

The perimeter security market in South America is small compared to other regions. Demand for fencing products is rising in South America with enhanced use of perimeter security products. Brazil is the largest fencing market in the region. In Rest of South America, Argentina is a major fencing market.

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The study provides a conclusive view of the global fencing market by segmenting it in terms of product type, material type, and end-use. In terms of product type, the global fencing market has been classified into privacy fencing, picket fencing, and others. The others category includes pool fencing, pet fencing, semi-privacy fencing, rail fencing, chain linked fence, etc. In terms of material type, the global fencing market has been segmented into metal, wood, and plastic & composite. In terms of end-use, the market is segmented into residential, commercial, and agriculture.

The report highlights major companies operating in the global fencing market including Compagnie de Saint-Gobain S.A., Bekaert, Ameristar Perimeter Security, Associated Materials, LLC., Jerith Manufacturing LLC., Long Fence Company Inc., Gregory Industries, Inc., Betafence Group, Ply Gem Holding Inc., and Builders Fence Company (BFC), Inc.

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Fiber Optic Connectors Market Research Report And Predictive Business Strategy By 2025

Transparency Market Research delivers key insights on the global fiber optic connectors market. In terms of revenue, the global fiber optic connectors market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global fiber optic connectors market.

The global fiber optic connectors market is broadly affected by several factors, including usage of fiber optic connectors in the data center sector and increasing applications in the telecommunications sector. Thus, expanding applications of fiber optic connectors in different sectors are propelling the global market for fiber optic connectors.

Fiber Optic Connectors Market: Dynamics

Fiber optic connectors (FOC) are used to mechanically connect two optical fibers, thereby permitting light to transmit from the core of one fiber to the other fiber in order to link the fiber optic connection equipment. Different types of connectors are utilized for multi-mode and single-mode fibers. FOC is a critical technology, which enables the use of optical fibers in outside plant applications, public telecommunication networks, and in wiring installations at customer premises.

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Optical fibers help to transmit all optical signals, and fiber optic connectors enable the low-loss transmittance of these signals between the optical and electro-optical devices. Based on type, fiber optic connectors market can be segmented into lucent connector (LC), standard connector (SC), CS connectors, SN connectors, straight tip (ST), multiple-fiber push-on/pull-off (MPO/MTP), and others. In terms of application, fiber optic connectors market can be divided into telecom industry, data center, dense wavelength division multiplexing (DWDM) systems, lasers, and others.

Fiber optic connectors are extensively used in the telecommunications industry. Fiber optic connectors are used for high data rate and long-distance transmission in the telecommunications network. Fiber optic connectors are also popular in data center applications, since they are mostly used in optical interconnects in data center networks. They are used in DWDM applications that accumulate data from various sources together on a single optical fiber and employs light wavelengths to transmit data. Among applications, the telecom industry is anticipated to reach value of US$ 2,002.58 Mn by 2025 at the highest CAGR of 7.57% during the forecast period.

Fiber Optic Connectors Market: Prominent Regions

The fiber optic connectors market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of telecommunication and data center applications in the region. The fiber optic connectors market in North America is projected to witness favorable growth during the forecast period, due to significant rise in telecommunication applications for high data rate and long-distance transmission in telecommunication networks in the region, which is projected to reach US$ 1,987.10 Mn by 2025. The Asia Pacific fiber optic connectors market is likely to expand at the highest CAGR of 7.83% during the forecast period, owing to the presence of a large number of players manufacturing fiber optic connectors.

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Fiber Optic Connectors Market: Key Players

Key players operating in the global fiber optic connectors market are Amphenol Corporation, Broadcom, Corning Cable Systems LLC, Diamond SA, Furukawa Electric Co. Ltd., Hitachi Ltd., Hirose Electric Co., Ltd., Molex LLC, Radiall, Senko Advanced Components, Sumitomo Electric Industries, Ltd., TE Connectivity, and US Conec Ltd.

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Photonic Integrated Circuits (PIC) Market Size, Share, COVID-19 Impact | Industry Trends & Analysis 2027

According to a new research report pertaining to the photonic integrated circuits (PIC) market, published by Transparency Market Research, the global photonic integrated circuits market is expected to reach a value of ~ US$ 3.3 Bn by 2027, expanding at a CAGR of ~ 23% from 2019 to 2027. According to the report, the global PIC market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.

• In terms of application, the global photonic integrated circuits market has been segmented into optical communication, sensing, optical signal processing, and biophotonics.
• The optical communication segment in the PIC market is anticipated to dominate the market, due to a rise in the demand for optical communication systems that transmit large volume of data at high speed over a long distances.
• Furthermore, the adoption of optical communication systems offers additional advantages over electric communication, such as high bandwidth capability, low latency, and superior flexibility.
• Moreover, sensing applications are also anticipated to play a major role in driving the photonic integrated circuits market in the near future, as photonics offer electromagnetic immunity, metal-free operation, and low-cost integration with electronic devices, as well as high sensitivity in the field of optical sensing.
• The optical communication segment in the PIC market is anticipated to expand at a significant CAGR from 2019 to 2027. The sensing segment in the photonic integrated circuits market is also anticipated to expand at a substantial CAGR during the forecast period.

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Increasing Use of Silicon Technology in Photonic Integrated Circuits

• The report on the PIC market offers detailed segmentation of the global photonic integrated circuits market in terms of integration type (monolithic integration, hybrid integration, and module integration), raw material (indium phosphide, gallium arsenide, lithium niobate, silicon, silicon-on-insulator, and others), components (lasers, modulators, detectors, attenuators, multiplexers/de-multiplexers, and optical amplifiers), and application (optical communication, sensing, optical signal processing, and biophotonics). The global photonic integrated circuits market has also been segmented based on region (North America, Europe, Asia Pacific, Middle East and Africa, and South America).
• Among the raw materials, the silicon segment accounted for a substantial share of the global photonic integrated circuits market in 2018, and is anticipated to gain a higher market share during the forecast period, owing to low-cost integration of silicon-based PICs by using silicon-based semiconductor manufacturing techniques.

North America to be a Highly Lucrative Market for PICs

• North America witnesses high investments in optical communication and sensing applications. The optical communication segment is anticipated to dominate the global photonic integrated circuits market throughout the forecast period, owing to the increasing penetration of PICs in long-haul and transport networks across the U.S. and Canada.
• Furthermore, with significant investments in sensing and biophotonics applications in the region, the photonic integrated circuits market in North America is anticipated to expand at a high CAGR during the forecast period.

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• Moreover, the optical signal processing segment is anticipated to gain traction in the PIC market during the forecast period, owing to the increasing demand for higher bandwidth and data transfer rates for optical signal processing networks.

Investments by Key Players to Boost Photonic Integrated Circuits Market

The report provides the profiles of leading players operating in the global photonic integrated circuits market. These include Agilent Technologies, Broadcom, Ciena Corporation, Enablence, Finisar Corporation, Hewlett Packard, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Kaiam Corp, Luxtera, MACOM, Mellanox Technologies, NeoPhotonics Corporation, Oclaro, Inc., TE Connectivity, Uniphase Inc., and VLC Photonics S.L.

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Deep Learning Chipset Market Future Estimations, Growth Drivers and Forecast to 2027

Transparency Market Research delivers key insights on the global deep learning chipset market. In terms of revenue, the deep learning chipset market is estimated to expand at a CAGR of ~24% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the deep learning chipset market.

The deep learning technology is driving advancements in artificial intelligence (AI). In the current scenario, the deep learning chipset technology is being led by graphics processing units and central processing units. However, in the next few years, other chipset types including, application-specific integrated circuits and field programmable gate arrays, are expected to play an extended role.

Deep Learning Chipset Market: Dynamics

While in the current scenario, a large number of developments are being witnessed in the robotics industry, the difference between human skills and robot motor skills still remains large. Machines still need to go a long way to match the human proficiency even at the level of basic sensorimotor skills such as grasping things. However, by linking learning with a continuous feedback, this gap can be bridged. By doing so, it would become easier for robots to understand the complexity of the current world and handle issues intelligently and reliably. The neural network technology has made great strides to design computer programs that can process images, text, and speech, and can draw pictures too.

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However, introducing various actions and control mechanism adds substantial new challenges to the network. Overcoming these challenges would help in understanding the method in which machines would communicate in the current ecosystem. By bringing the power of large-scale deep learning to the robotic control, fundamental issues in robotics and automation can be easily resolved. This, in turn, is expected to augment the deep learning chipset market during the forecast period.

Deep Learning Chipset Market: Prominent Regions

North America is the dominant region in the deep learning chipset market. Growth of the market in the region can be attributed to high investments and a large number of manufacturers in the region.

Moreover, the market in Europe is expected to witness significant growth during the forecast period, due to increasing demand for deep learning chipsets for use in prediction of frauds and failures in the region. Asia Pacific, South America, and Middle East & Africa are emerging markets for deep learning chipsets, offering lucrative opportunities to vendors and system integrators in the long term.

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Deep Learning Chipset Market: Key Players

Key players operating in the global deep learning chipset market are IBM Corporation, Graphcore Ltd, CEVA, Inc., Advanced Micro Devices, Inc., NVIDIA Corporation, Intel Corporation, IBM Corporation, Movidius, XILINX INC., TeraDeep Inc., QUALCOMM Incorporated, and Alphabet Inc.

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Worldwide Analysis on Computer Numerical Controls (CNC) Market Strategies and Forecasts, 2020 to 2027

The computer numerical controls (CNC) market is characterized by a highly competitive vendor landscape, mainly due the presence of numerous players in the market. Participating in mergers & acquisitions, focusing on achieving product differentiation, and facilitating product regulation also are prime strategies implemented by most players operating in this market.

The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players. DMG Mori Co. Ltd., Haas Automation, Fanuc Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH, GSK CNC Equipments Co. Ltd., JTEKT Corporation, Takisawa Machine Tool Co. Ltd., OKUMA Corporation, and Yamazaki Mazak Corporation, are chief players operating in the global computer numerical controls (CNC) market.

Statistically speaking, the global computer numerical controls (CNC) market is expected to fetch a revenue of US$ 115.1 bn by 2027, which is a significant rise from an initial revenue worth US$ 64.0 bn registered in 2018. This growth is expected to occur at a rising CAGR of 6.7% during the forecast period from 2019 to 2027.

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Need for Automation Boosts Market’s Growth

Rising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation. Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market. This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.

Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines. Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.

Costly Maintenance and Servicing Dampens Product Sales

However, high costs associated with set up of CNC machines is profoundly retraining the market’s growth. This is as a result of low costs making it difficult for small-scale business with low capital to invest in the equipment. Even after the CNC instruments are purchased, they are quite costly to maintain, as they need to be serviced on a regular basis. Therefore, this factor is acting as a chief hindrance affecting the global computer controls (CNC) market. However, a slow-paced change has been occurring in the fundamental working mechanisms of the CNC machines, which is expected to reduce the workload and improve efficiency. Such changes are truly expected to offset some of the restraints affecting the global computer controls (CNC) market.

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This market is mainly spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America lead the pack with maximum revenue earned owing to a strong industrial infrastructure and associated development.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “Computer Numerical Controls (CNC) Market (Types – Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application – Automotive, Industrial, Power & Energy, and Defense & Aerospace) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

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