Cash- in Transit Bags Market Emerging Growth Factors with Current Trends and Future Estimations

The global market for cash-in transit bags is expected to gain momentum on account of the emergence of new players into the market. The competition in the market has been intensifying over the past years due to a range of strategies adopted by the leading market players. The relevance of cash-in transit bags has increased in recent times which has in turn generated huge market gap. The market players are expected to take advantage of this sizeable market gap in order to enhance their growth prospects.

Furthermore, the market vendors are anticipated to focus on consolidating their position in the market by keeping a futuristic approach in all their endeavours. In other words, the business strategies of the players are aimed at acquiring long-term profits rather than short term gains. The leading market players are projected to rely on quality and durability of their products to gain a competitive advantage over others.

The small and medium-sized players are expected to form strategic alliances in order to avert the competition from established market players. Geographical expansion through acquisition of defunct local players is also foreseen as a key business strategy of the leading market players. ITW Envopak Limited, Dynaflex Pvt. Ltd, Harcor Security Seals Pty Ltd, The Versapak Group, A. Rifkin Co., TruSeal (Pty) Ltd, Mega Fortris Group, Amerplast Ltd., Shields Bags & Printing Co, Packaging Horizons Corp, Coveris Holdings S.A, Nelmar Group, Adsure Packaging Ltd, Initial Packaging Solution Ltd, ProAmpac Holdings, LLC, and Leghorn Group are the key players identified in the global market for cash-in transit bags.

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The global market for cash-in transit bags is expected to expand at a steady CAGR of 3.3% over the period between 2017 and 2025, finds Transparency Market Research (TMR). Furthermore, the market is expected to accumulate revenues worth US$ 452.2 Mn by 2025.

The global market for cash-in transit bags has been growing at the back for rising security concerns with regards to the transfer of cash or coins from geographical location to another. The manufacturers of cash-in transit bags have introduced safer, more secure, and environment-friendly bags that has given a push to the demand within the global market.

Since the consumers have shown an inclination towards biodegradable products, the availability of biodegradable cash-in transit bags has given an impetus to the growth of the global market. Besides this, cyber thefts and scandals have shifted the focus on physical transfer of currency from one place to another. Owing to the aforementioned factors, the demand within the global market for cash-in transit bags is expected to reach unprecedented levels over the forthcoming years.

Quick-Transaction Options could Hamper Market Growth 

Several online options for money transfer have emerged in recent times, and this has reduced the physical transfer of cash across regions. Furthermore, the installation of ATMs across the emerging economies has also affected the global market for cash-in transit bags. Cashless payment options do not come with the hassles of completing formalities of documentation and registration. This shifts the focus away from physical transfer of cash which in turn affects the global market for cash-in transit bags.

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The review is based on TMR’s report titled, “Cash- in Transit Bags Market (Bag Type- Deposit Bags, Shipping Bags, Coin Bags, Strap Bags, Stock Bags, Custom Bags; Material Type – Plastic Bags, Paper Bags, Fabric Bags; End Use -Financial Institutions, Hospitals, Casinos, Hotels, Retail Chains, Government Organizations, Courier Services, Academic Institutions) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.  

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Aircraft Ignition System Market Opportunities, Growth, Forecast To 2026

According to a new market report published by Transparency Market Research entitled “Aircraft Ignition System Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global aircraft ignition system market was valued at US$ 1,862.8Mn in 2017 and is expected to expand at a CAGR of 5.8% from 2018 to 2026, reaching US$ 3,073.6 Mn by the end of the forecast period. This market growth can be attributed to the increasing number of aircraft deliveries across the globe arising out of increase in air traffic.

Increasing number of aircraft deliveries across the globe to fuel market growth

One of the prominent reasons for the growth of the aircraft ignition system market is the spike in the number of aircraft deliveries across the globe. According to the General Aviation Manufacturers Association (GAMA) and Market Outlook Report by Boeing, aircraft deliveries of new airplanes is estimated to grow over 30,000 in the next couple of years. Furthermore, the increasing adoption of advanced technologies in aircraft ignition systems is assisting market growth across the globe.

Replacement of traditional Magneto Ignition Systems with Electronic Ignition Systems by key players a prevalent trend across regions

The key trend prevalent in the aircraft ignition system market is the replacement of traditional magneto ignition systems with electronic ignition systems. The traditional magneto ignition systems have enjoyed a greater market share during the last couple of decades. However, aircraft engine requirements are changing rapidly due to the advancements in aircraft technology. The new age electronics ignition systems offer compact form factor and better fuel efficiency in addition to increased reliability and reduced maintenance cost which is leading to its increased adoption.

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Turbine segment to be the major revenue generating segment in 2026

Based on engine type, the market has been segmented into turbine engine and reciprocating engine. In 2017, the turbine engine segment garnered a greater revenue share and is expected to expand at a higher CAGR of 5.8% over the forecast period.  This growth can be attributed to the widespread use of turbine engines owing to their high performance and low maintenance cost.

Spark plugs to demonstrate an impressive growth rate over the forecast period

Based on components, the market has been divided into igniters, exciters, leads, spark plugs, and others. The exciters segment commanded major revenue share in 2017 due to its high price. This growth can be attributed to the frequent replacements of spark plugs.

Asia Pacific to be the fastest growing region due to increased air traffic

In terms of global geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2017, Europe was the topmost revenue generating region followed by North America. The market in Asia Pacific is expected to grow at the highest CAGR from 2018 to 2026 owing to the increase in air traffic which is eventually leading to increase in the number of aircraft deliveries in the region.

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Key players in the market focusing on research and development of innovative and technologically advanced products to gain competitive edge

Key players in the market are focusing on research and development activities for the introduction of innovative products into the market. This will help them gain a competitive edge and improve brand positioning in the aircraft ignition system market. The key players profiled in the global aircraft ignition system market include Electroair, Generation 3 Ignition, Meggitt PLC, Sky Dynamics Corp., SureFly Partners, LTD., TransDigm Inc. (Champion Aerospace Inc.), Unison LLC, and Woodward, Inc, among others.

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Chip Scale Package (CSP) LED Market Growth, Opportunities, Forecast To 2026

The demand within the global chip scale package (CSP) LED market is growing at a stellar pace in recent times. The energy sector has actively advocated the use of energy-efficient lighting technologies. The need for saving costs and optimizing energy usage holds relevance for the global energy sector.

Therefore, the global chip scale package (CSP) LED market is expected to grow alongside advancements in diode technologies. The residential sector has emerged as a vital consumer of LEDs, and this is an important to consideration for the market vendors. LED is amongst the most sought-after lighting technologies of the contemporary times.

A report by Transparency Market Research (TMR) finds that the global chip scale package (CSP) LED market would expand at a remarkable CAGR of 13.90% over the forecast period, i.e., between 2018 and 2026. Furthermore, the total worth of the global chip scale package (CSP) LED market is expected to touch US$ 3,065.1 Mn by 2026. Availability of flash LEDs and backlight LEDs has helped in generating fresh revenues for the market players. Generating lighting uses of LEDs have also garnered the attention of the masses.

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Use of LEDs in Residential and Commercial Sectors

Use of LEDs in the commercial and residential sectors has emerged as an important dynamic of market growth. The luminescence offered by chip scale package (CSP) LEDs is a key consideration for several construction companies. Besides, use of these LEDs across banks and hospitals has created fresh opportunities within the global market. The next decade would be crucial for the vendors operating in the global market. The absence of any close alternatives for LEDs has become a vital factor responsible for the growth of the global market. The revenue index of this market is slated to improve in the years to follow.

Focus on Lighting Aesthetics

Focus on aesthetics across the constructions industry has given an impetus to market. Use of chip scale package (CSP) LED lights helps in furnishing symmetric light patterns across a premise. Moreover, the high lucidity of chip scale package (CSP) LEDs also gives them an edge over other models.

There is no doubt about the speedy adoption of these lights across a multitude of industries. The automobile industry has also emerged as an important consumer for the vendors. Use of LED lights in high-end models of cars has become a key trend pertaining to market growth. Several car companies have resorted to the use of LEDs that offer improved finish and luminescence. There is little contention about the inflow of fresh revenues from multiple avenues in the following years.

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Some of the notable vendors operating in the global chip scale package (CSP) LED market are Samsung Electronics Co., Ltd., LG Innotek, OSRAM Opto Semiconductors GmbH, and Lumileds Holding B.V.

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Battery Free RFID Sensor Market Business Statistics and Research Methodology by Forecast to 2026

The battery free RFID sensor market is expected to witness major growth in the near future, thanks to rising demand for IoT devices in manufacturing. The growth of automation, robotics, and IoT in manufacturing is likely to result in significant new opportunities for players in the battery free RFID sensor market.

The battery free RFID market is expected to reach an evaluation of $1269 mn by 2026, rising at an incredible 12.1% CAGR. A new study has shown that battery RFID are viable to use in mechanical parts like shafts or spindles. The new battery free devices can be set onto these parts and expected to generate electricity to record critical measurements and other information.

The low battery life and high costs of battery-laden devices was a major challenge for end-use industries in the adoption of IoT devices. However, the new technology promises to solve the challenge and also help with critical applications such as RFID labelling for a wide variety of applications. The rising demand for IoT technology, the growing advancements like battery-free technology, and critical end benefits like increase in productivity are expected to drive significant growth for the battery free RFID sensor market in the near future.

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Food Monitoring and Logistics Remain Key Opportunities

The rising cases of food contamination, rising demand for food products, and difficult to contain nature of contamination requires more inspection. Additionally, monitoring technology has delivered in its promise in various studies to improve food contamination. Moreover, the growth of the technology is expected to result in significant opportunities for growth in logistics as well.

Growth of automation in commercial trucking, and monitoring can result in significant cost-saving opportunities as well as growth for efficiency. Moreover, logistics industry provides significant opportunities as cold-storage of medical, industrial, and food items provides significant margin of error which can result in costly delays or damage in goods. The growing demand for improved performance, and rise of automation will drive further growth for players in the battery free RFID sensor market.

NFC still likely to Dominate Growth in the near Future 

RFID technology and NFC are predominantly use in combination with another in several applications. These new applications include environmental monitoring, fire control, and agriculture. The rising demand for these technology in defense, wireless communication, and other sectors is expected to drive more growth.

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Moreover, the technologies are likely to dominate unconventional sectors like manufacturing as well in the near future. The oil and gas exploration activity around the world is also on the rise. This is expected to create significant opportunities for players in the near future. Moreover, rising concerns about immigration, increasing volatile political environment, and threats like terrorism are also leading to more resource allocation for security teams. The growth of the RFID technology and NFC communication will likely continue to drive growth in the near future for players in the battery free RFID sensor market.

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Smart Thermostat Market Summary, Introduction, Sizing, Analysis and Forecast To 2026

The competitive landscape of the global smart thermostat market is consolidated and competitive with a limited number of companies operating in the market. Key players in the smart thermostat market are focusing on advanced technology to concretize their market position, says Transparency Market Research. Increasing demand for smart thermostat applications in commercial and residential sectors is expected to encourage investors to invest in smart thermostat technology.

Apart from this, companies are focusing to expand their business forming strategic partnerships, mergers, acquisitions, and collaborations to gain a competitive edge in the market.

Some of the prominent players operating in the smart thermostat market are Honeywell International Inc., Schneider Electric, Tado GmbH, Control4 Corporation, and Ecobee, Inc.

According to a new report by TMR, the smart thermostat market is expected to reach US$8,729.2 mn by 2026. The market is anticipated to grow at an astonishing 23.7% CAGR from 2018 to 2026.

On the basis of demand, Asia Pacific is projected to lead the global market during the forecast period. This is mainly because of the rising demand from countries such as China, India, Japan, and South Korea. Based on application, the residential segment is expected to account for a major market share in the forecast period. The segment anticipated to expand at a CAGR of 24.1% during the forecast period.

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Need to Optimize Electricity Consumption to Augment Growth

The global smart thermostat market is likely to witness considerable growth in the upcoming years. This is mainly because of the rising demand for smart thermostat in residential and commercial sectors.  Smart thermostat automatically achieves the required temperature changes for users, thus helps save energy. Prevailing energy crisis and growing need to optimize electricity consumption are the two key driving factors in the global smart thermostat market.

Along with this, supportive government initiatives to adopt energy saving equipment and growing awareness regarding the benefits offered by thermostat are anticipated to fuel the global thermostat market in coming years.

Furthermore, growing inclination of consumers towards connected devices and building automation solutions owing to growth of digitization could foster growth in the global smart thermostat market. Moreover, rising disposable income and technological advancements in the market are strong factors that will stimulate the smart thermostat market.

Rising Price based Competitions could Hinder Growth of the Market

Despite several growth opportunities, rising price-based competition and low awareness regarding product can hamper growth in the smart thermostat market. Other than this, stringent government regulations regarding quality of smart thermostats is likely to obstruct the smart thermostat market in the forthcoming years.

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However, continuous efforts by manufacturers to develop cost-effective and technologically advanced products are likely to offer lucrative opportunities in the smart thermostat market. For instance, Ecobee, a Canadian home automation company, developed a smart thermostat integrated with offers built-in Alexa voice service called ecobee4. This device offers features like auto adjust room temperature.  The device can save up to 23% of electricity used in the house and is easy to install and simple to us. The growing adoption of novel thermostat devices among the consumers with advanced features and compatibility among consumers is projected to bolster growth of the global smart thermostat market in coming years.

The review is taken from report titled, “Smart Thermostat Market (Component – Display, Temperature Sensor, Humidity Sensor, Motion Sensor; Connectivity – Wired and Wireless (Wi-Fi, Bluetooth, and Others); Application – Residential, Commercial (Education and Research, Retail, Hospital), Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.”

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Huge Growth for Night Vision Device Market by 2020-2026

According to a new market research report published by Transparency Market Research, the night vision device market is expected to reach US$ 14,861.2 Mn by 2026, expanding at a CAGR of 8.9% from 2018 to 2026. According to the report, the global night vision device market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, North America is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 9.3% from 2018 to 2026. China, India, Japan, and South Korea are expected to be major contributors to the night vision device market in Asia Pacific during the forecast period.

Rising Adoption and Upgrade of Different NVDs for Military and Defense Applications

In different countries across the world, government organizations are upgrading their existing weapons and devices in order to enhance navigation and targeting and surveillance capabilities of the military. Increasing terror threats in different countries is expected to be a major factor boosting the global night vision device market during the forecast period. Increasing demand for automotive night vision devices for use in high-end commercial cars is fueling the market for night vision devices. It is also expected to create better opportunities for manufacturers of night vision devices in the next few years.

Moreover, the night vision technology have become an important topic for scientists to conduct research on. Furthermore, rising need of the modern armies to operate at night and during conditions with poor visibility has led to significant advancements in the technology of night vision devices. With the increased spending by governments on NVDs to fulfill the demand for combat operations and night patrolling, the global night vision device market is expected to witness significant growth during the forecast period. This is expected to propel the demand for night vision devices in the next few years.

Global Night Vision Device Market: Scope of Report

The global night vision device market has been broadly segmented in terms of type, technology, application, and geography. Based on type, the market has been segregated into vehicle use and personal use. The personal use segment has been sub-segmented into scopes, googles (bi-ocular & monocular), cameras, and others. Among types, the personal use segment accounted for a major share of more than 80.0%, in terms of revenue and volume, in 2017.

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In terms of revenue, the personal use segment is anticipated to expand at a CAGR of 9.6% during the forecast period. In order to fulfill the global demand, various manufacturers of night vision devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of night vision devices. Developing infrastructure, economic growth, large population, and increasing urbanization are expected to drive the night vision device market during the forecast period. Military & defense is a leading sector driving advancements in the night vision technology. On the other hand, as applications in commercial markets continue to advance, the demand is estimated to increase further in the near future.

Based on technology, the night vision device market has been divided into image intensifiers, thermal imaging, and others. The image intensifiers segment held the maximum market share in 2017, in terms of both revenue and volume. Additionally, it is a highly attractive segment of the global night vision device market. It is expected to register the maximum growth rate of 9.4% during the forecast period. Growing concerns about the national security, lower prices of devices than thermal imaging devices, and rising adoption of night vision devices from the military & defense sector are fueling the night vision device market.

In terms of application, the night vision device market has been classified into military & defense, law enforcement, hunting, wildlife observation, surveillance & security, navigation, and others. Military & defense is a highly attractive application segment of the global night vision device market. In terms of revenue, the segment is expected to expand at a CAGR of 9.4% during the forecast period. The increasing need of the modern armies to operate at night and during conditions with poor visibility has led to significant advancements in the technology of night vision devices. With the increased spending by governments on NVDs to meet the demand for combat operations and night patrolling, the global night vision device market is expected to witness significant growth during the forecast period.

As per TMR analysis, in 2017, North America accounted for the maximum i.e. more than 35% share of the global market, in terms of both revenue and volume. The Asia Pacific night vision device market is primarily driven by increased investments in modernization of military infrastructure and risen urban population in the region, especially in developing economies such as China and India. The night vision device market is expected to witness further innovations and developments in the near future, as several leading manufacturers are investing in research and development activities.

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Global Night Vision Device Market: Competition Scenario

The research study includes profiles of leading companies operating in the global night vision device market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global night vision device market are Armasight, ATN Corporation, BAE Systems, FLIR Systems, Inc., Harris Corporation, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales Group. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by entering into strategic partnerships and offering innovative solutions.

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Rapid Growth for Unmanned Marine Vehicle Market by 2020-2026

According to a new research report on the unmanned marine vehicle market, published by Transparency Market Research the global unmanned marine vehicle market is expected to reach value of US$ 1270.89 Mn by 2026, expanding at a CAGR of 5.2% from 2018 to 2026. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period. In terms of demand, Europe is anticipated to be the leading market for unmanned marine vehicles, expanding at a CAGR of 5.6% between 2018 and 2026. This is primarily due to increasing demand for maritime security in coastal areas in Europe.

Rising Security-related Threats in Maritime and Coastal Areas Driving the Global Unmanned Marine Vehicle Market

The global unmanned marine vehicle market has witnessed strong growth over the last decade. The primary factor driving the market is rising threats in coastal areas across the globe. The defense sector is facing maritime security-related threats including anti-ship and anti-submarine missiles, seabed mines, and submarine warfare. These threats are forcing the defense sector to deploy unmanned marine systems i.e. either underwater or surface vehicles to counter these threats and minimize the human risk.

Unmanned marine vehicles are capable to collect data from the ocean floor while keeping humans out of harm’s way. These vehicles are able to conduct survey of the ocean and perform different tasks such as ship hull inspection, mine hunting, scientific exploration, and data gathering. These features of unmanned marine vehicles are likely to drive the global unmanned marine vehicle market in the next few years. In addition, defense forces of the U.S., the U.K., France, Russia, and China are investing large amounts in research, development and engineering activities to develop unmanned surface vehicles (USVs) and unmanned underwater vehicles (UUVs) with the latest technologies, which is likely to propel the global market during the forecast period.

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Global Unmanned Marine Vehicle Market: Scope of Report

The global unmanned marine vehicle market has been broadly segmented in terms of type, application, and region. Based on type, the market has been categorized into unmanned surface vehicle (USV) and unmanned underwater vehicle (UUV). The unmanned surface vehicle segment dominated the global market, holding 81.15% of the market share, in terms of revenue, in 2017. It is expected to expand at a significant CAGR of 5.3% during the forecast period.

This is primarily attributable to growing utilization of unmanned surface vehicles in off-shore discoveries and surveys. In terms of application, the global unmanned marine vehicle market has been divided into oceanographic survey, hydrographic survey, environmental monitoring, marine security & defense, marine patrolling, offshore mining, and others. The marine security & defense segment dominated the global market, accounting for a leading i.e. 26.31% share of the market in 2017. The segment is expected to expand at a high CAGR of 5.6% from 2018 to 2026, due to rising concerns about maritime security.

Among regions, North America is anticipated to hold the maximum share of the global market, while the market in Europe is likely to expand at the maximum CAGR during the forecast period. In 2017, North America accounted for 31.94% share of the global unmanned marine vehicle market. This is attributable to strong focus on the autonomy and intelligence of USVs and UUVs. Furthermore, the market in Europe is projected to expand at a significant CAGR of 5.6% between 2018 and 2026. This is primarily due to increasing demand from survey and scientific research industries in countries in Europe.

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Global Unmanned Marine Vehicle Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global unmanned marine vehicle market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the prominent players operating in the global unmanned marine vehicle market are BaltRobotics, Boeing, Deep Ocean Engineering, ECA GROUP, EvoLogics GmbH, General Dynamics Mission Systems, Inc., L3 ASV, Oceanalpha Co., Ltd., Subsea Tech, and Teledyne Marine. Companies are focusing on expanding their business through strategic acquisitions and partnerships.

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