Light Sensor Market Showing Impressive Growth with COVID-19 Impact Analysis, Forecast To 2027

According to a new market research report pertaining to the light sensor market, published by Transparency Market Research the global light sensor market is expected to reach value of US$ 2,435.9 Mn by 2027, expanding at a CAGR of 8.2% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors.

In terms of demand, Asia Pacific would continue to lead the global market, with the market in the region expanding at a CAGR of 9.4% from 2019 to 2027. China, India, Japan, and South Korea are anticipated to be major contributors to the light sensor market in Asia Pacific during the forecast period.

Rising adoption of smart home technology driving the global light sensor market

Light sensors convert light input into the corresponding electric output. Light sensors are used in different types of end-use applications such as automatic brightness control in electronic devices, automatic street lighting, signal control system, and smart home devices. Use of light sensors helps in minimizing the power consumption of devices. The light sensors market is recently gaining traction, due to increasing demand for consumer electronics products such as mobile phones, tablets, smart watches, and televisions worldwide.

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Moreover, smart home devices are increasingly adopting light sensors. This is likely to fuel the global light sensor market in the next few years. Across the globe, light sensor manufacturers are increasing their investments in the light sensor market in order to meet the increasing demand from various industry verticals such as consumer electronics, smart homes, automotive, health care, agriculture, and transportation.

Global Light Sensor Market: Scope of Report

The global light sensor market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the global light sensor market has been segmented into photo conductive cells, photo voltaic cells, and photo junction diodes. In terms of revenue, the photo conductive cells segment accounted for a major market share of more than 40% in 2018. The segment is anticipated to expand at a CAGR of 9.0% during the forecast period.

In order to fulfill the global demand, various manufacturers of light sensors are focusing on research and development activities on a regular basis in order to find advanced applications of light sensors. Light sensors are used in different types of power- and energy-saving applications as well as energy conservation solutions. Increasing population and rising demand for smart electronics devices are expected to propel the demand for light sensors during the forecast period. Light sensors are cost effective and easy to operate. They have low maintenance costs.

Based on application, the light sensor market has been segregated into placement detection, brightness control, security, planning & agriculture, and others. In terms of revenue, the brightness control segment held the maximum market share in 2017. In addition to this, in terms of both value and volume, the brightness control segment is expected to expand at the maximum CAGR during the forecast period. Based on end-use industry, the light sensor market has been classified into consumer electronics, automotive, aerospace & defense, energy & power, healthcare, transportation, and others. In terms of revenue, the consumer electronics segment accounted for a major market share of more than 30.0% in 2018 and it is anticipated to expand at a CAGR of 8.9% during the forecast period.

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As per TMR analysis, Asia Pacific accounted for a leading i.e. more than 35% share of the global light sensor market, in terms of both revenue and volume, in 2018. The Asia Pacific light sensor market is primarily driven by increased investments in modernizing of the infrastructure and risen urban population, especially in developing economies such as China and India. The global light sensor market is expected to witness further modifications, innovations, and advancements in light sensors in the near future, as several leading manufacturing companies are investing in research and development activities.

Global Light Sensor Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global light sensor 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 light sensors market are Vishay Intertechnology Inc., STMicroelectronics, Texas Instruments, AMS AG, On Semiconductor, Broadcom, Maxim Integrated, Everlight Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Sharp Corporation, and ROHM Semiconductor. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by developing strategic partnerships and offering innovative solutions.

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Wiring Duct Market: Key Players, Growth, Analysis, 2020–2027

It is expected to witness expansion at a CAGR of 4.6% during the years 2019 and 2027. The market will be effected by a range of macroeconomic factors throughout the forecast period. As per recent report by Transparency Market Research, the global wiring duct market is expected to reach the value of US$524.3 Mn by the year 2027.

With the advancement of technologies, the applications of industrial automation is expanding rapidly. This is resulting in emergence of sophisticated but complicated technologies. This contributes to the increase in complexity during the interconnection of system components between sensors and top-level controllers. Hence, in order to combat the complexity, wire ducts are used to properly route as well as conceal cables and wire bundles in the control panel. Consequently, this will augment the size of the wiring duct market globally during the forecast period.

At the same time, proper disposal of ducts and recycling is a major challenge interfering with the expansion of the wiring duct market. Polyvinyl chloride cable is the commonly used duct material. It is also used for jacketing or insulating metal wires. The chemical is neither bio-degradable nor eco-friendly. Also, burning of PVC releases dioxins, which is highly toxic. The toxic byproduct enters into human food chain by contaminating water and land.

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Wide Range of Industrial Application Bolster Revenue Generation

On the basis of application, the commercial segment is expected to majorly contribute in the expansion of global wiring duct market in the given forecast period. There is a high demand for cabling and wiring ducts in the telecom industry, network cabling systems, retail complexes, and hospitals for organization of bundles of cables and separate them in an electric enclosure. At present, numbers of telecom industry, IT hubs, and data centers are increasing in huge numbers. This, in result, is expected to augment the production of wiring ducts in the course of the forecast period.

Moreover, industrial application of the wiring duct has come as another driving factor in the wiring duct market. Demand of wiring ducts in oil and gas industries, grain elevators, and chemical plants is expected to boost the global duct market in the course of the forecast period.

Modernization of Industrial Processes in Emerging Economics Expands Growth Avenue

On geographical segment, the wiring market is witnessing diverse phases. The opportunities in the wiring duct market are saturated in North America and Europe due to presence of both industrial and commercial sectors on large scale. On the other side, Asia Pacific, Middle East and Asia are expected to witness surge in the demand for wiring ducts. Modernization and upgrade in the industrial processes are the main reasons behind the demands.

The companies are focusing on the expansion of the business through strategic acquisitions and partnership with various end-users. Some of the key players in the wiring duct market are Hua Wei Industrial Co., Hager Group, Phoenix Contact GmbH & Co. KG, ABB Ltd, Hammond Manufacturing and OMEGA Engineering.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Wiring Duct Market (Product Type – Slotted Wire Duct (Wide-slotted Wire Duct, Narrow – slotted Wire Duct, Round hole Wire Duct), Solid wall Wire Duct, Flexible Wire Duct; Application – Commercial, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027”.

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Non-Lethal Weapons Market Developments, Business Opportunities & Future Investments to 2026

According to a new market report on non-lethal weapons, published by Transparency Market Research, the global non-lethal weapons market is expected to reach US$ 6,591.8 Mn by 2026, expanding at a CAGR of 6.3% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 7.2% through 2026.

Surging demand for less lethal and self-defense weapons by civilians driving the global non-lethal weapons market

Stringent government regulations and measures are being adopted to provide better security measures to civilians worldwide. In addition, globally, non-lethal weapons manufacturers are constantly developing and launching innovative products, compliant with international and regional laws, in order to provide citizens with self-defense alternatives. The use of lethal force against assailants is discouraged by law, which in turn is opening up new opportunities for use of less lethal weapons.

Non-Lethal Weapons Market: Scope of the Report

The global non-lethal weapons market is broadly segmented by product, technology, application, and region. By product, the market can be segmented into direct energy weapons, conducted energy weapons, gases and sprays, water weapons, and others. The direct energy weapons segment is anticipated to be the highest revenue contributing segment in 2018 with 25.4% of total market revenue and is expected to rise at a significant CAGR of 5.9% over the forecast period.

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This is mainly due to technological advancements in this sector. In terms of technology, the market has been divided into mechanical and kinetic non-lethal weapons, chemical non-lethal weapons, acoustic non-lethal, electromagnetic non-lethal weapons, and other technologies. Acoustic non-lethal weapons segment is expected to grow tremendously at a CAGR of 8.1% due to inclination toward crowd repellent weapons. Based on application, the global non-lethal weapons market has been segmented into military,law enforcement agencies, and civilian. The market share of military is estimated to increase at a healthy CAGR of 6.6%, reaching market value of US$ 3,242.3 Mn by 2026.

Presence of numerous market players and significant number of small and medium sized industries in the global market is a primary factor for the adoption of non-lethal weapons. In 2017, North America accounted for the largest market share as the U.S. is observed to be the largest developer, operator, and exporter of non-lethal weapons. However, Asia Pacific is predicted to be the fastest growing region by reaching US$ 1,582.5 Mn at a CAGR of 7.2% during the forecast period. This is mainly due to focus on development of non-lethal weapons for military and law enforcement applications in order to control attacks and riots in India, China, and other APAC countries.

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Global Non-Lethal Weapons Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global non-lethal weapons 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 in the non-lethal weapons market include BAE Systems Plc., Combined Systems, Inc., General Dynamics Corporation, Lamperd Less Lethal, Inc., LRAD Corporation., PepperBall Technologies, Inc., Safariland, LLC, Stringer Solutions, TASER International, Inc., The Boeing Company, The Raytheon Company, and Yellow Jacket Case. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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Taps and Dies Market Developments, Business Opportunities & Future Investments to 2026

The global taps and dies market has been meticulously analyzed by Transparency Market Research (TMR). The research report includes a complete market intelligence package on taps and dies that covers analysis on major players competing in the global market of taps and dies. The competitive section in the research report covers analysis of the key players that encompasses aspects such as financial outlook, product overview, developments, innovations, key personnel, strategies and geographical spread.

The key players are continuously striving to enhance their hold in the market and expand their global footprint with use of different strategies and tactics. Key players such as Kyocera, Atrax, M.A. Ford, Accupro, Michigan Drill, OSG, Chicago Latrobe, Guhring, Titex Tools, Triump Twist Drill, Cleveland and Kennametal have been profiled in this extensive analytical research report.

According to TMR’s analytical research report on taps and dies, their global market is projected to expand at a value CAGR of 3.8% throughout the period of assessment to touch a significant market valuation of around US$ 2300 Mn by the end of the year of assessment.

Key Segmental Insights on Global Taps and Dies Market During 2017-2026

The global market for taps and dies has been segmented into product type, application, sales channel and region.

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With respect to product type, the global market for taps and dies is further segmented into carbon steel, alloy steel, high speed steel and tin coated. The use of tin coated and high speed steel is expected to showcase higher market share, with high speed steel being at the vanguard of dominance.

The high speed steel and tin coated product type segments both are projected to grow at a similar rates during the forecast period, which implies that their adoption rate across the globe is similar across various applications. Alloy steel segment is the third largest with a significant valuation and is expected to grow at a value CAGR of 3.0% throughout the period of forecast, 2017-2026. Carbon steel segment, on the other hand, is the smallest with a low market share and also expected to reflect slow growth rate during the said period.

By application, the global market is categorized into industrial and household and DIY segments. The application of taps and dies across these sectors various from region to region. However, to generalize the use of taps and dies across the globe, the industrial sector is expected to showcase higher demand for taps and dies as compared to the household and DIY segment.

Industrial segment is expected to reflect dominance with a higher market attractiveness and market share in the coming years. This segment is estimated to reach a valuation higher than US$ 1 Bn by the end of the year of assessment (2026). Also, this application segment is expected to rise at a comparatively high value CAGR than the household and DIY segment during the forecast period.

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In the region category, Asia Pacific excluding Japan (APEJ) is expected to reflect increased adoption of taps and dies across various applications. Moreover, taps and dies market in APEJ is projected to grow at a high value CAGR of 5.3% during the period of assessment. Europe region is expected to lead the global market in terms of higher market value during the forecast period.

By sales channel, the global taps and dies are expected to witness increased sales via retail and online channels. The retail distribution channel segment is the largest, whereas online segment is expected to gain high steam during the forecast period and is expected to rise at a high value CAGR during the 2017-2026 timeline.

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Industrial Gloves Market is Rapidly Growing with Huge Application Scope & Opportunities by 2020-2025

The Asia Pacific industrial gloves market is solidified with top four organizations holding a huge 61% of the market. These players are: Top Glove Corporation Bhd, Hartalega Sdn Bhd, Kossan Rubber Industries Bhd, and Supermax Corporation Bhd. Players in the market are contending with each other and endeavoring to pick up an edge by methods for item development, expresses another report by Transparency Market Research (TMR). Key players are obtaining set up players with an end goal to acquire pieces of the pie. A key technique embraced by players is extending their assembling abilities to obtain more offer in the market. Investigating undiscovered markets and teaming up with organizations are a portion of alternate business systems received by players in the Asia Pacific industrial gloves market.

According to the report, the Asia Pacific industrial gloves market was worth US$0.66 bn in 2016 and is relied upon to achieve US$1.25 bn before the finish of 2025, exhibiting a 7.6% CAGR over the forecast period of 2017 to 2025.

In view of materials, elastic overwhelmed the industrial gloves market in 2016 and is relied upon to remain the lead through the years to come. Elastic gloves, otherwise called latex gloves are common material which is produced using elastic. A portion of the key properties of elastic gloves incorporate its appropriate fitting, abnormal state of touch affectability, useful for wearing for a drawn out stretch of time, tough against high-hazard circumstances that includes irresistible materials, practical, bio-degradable, and has an abnormal state of versatility among others.

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In recent times, nitrile gloves is supplanting elastic and is one of the best speculation pockets. These nitrile gloves are picking up prominence in the business because of their hypersensitivity free properties, cut protection and strong nature. Greater part of players in the expendable industrial gloves market have concentrated on the assembling of these gloves attributable to their popularity. Along these lines, can be considered as one of the best speculation pockets.

Burgeoning Industrial Growth to Provide Impetus to Market Growth

With the fast development of different industrial sections including assembling, social insurance, and development, there has been an expanding center to guarantee the laborers are protected from any word related dangers. As these businesses are work serious it is basic for them to keep up a protected workplace for the laborers and additionally the customers. In addition, the legislatures of a few nations have acquainted stringent laws relating with security at working environment.

For example, Occupational Safety and Health Administration (OSHA) has enrolled benchmarks that should be followed by different portions, for example, development, horticulture, sea and so on. Likewise, OSHA offers specialist insurance data to work in such industrial settings, which will support the execution of wellbeing laws, prompting the enlarged selection of industrial security gloves over the coming years.

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The expanding utilization of green and recyclable material for making industrial wellbeing gloves is a vital pattern increasing huge footing in the market. Most glove producers are proceeding to accentuate on green assembling procedures, advances, and maintainability. The utilization of eco-accommodating materials and non-sustainable power source assets altogether limits the general cost of generation and utilization of non-gainful power.

The data and information presented in this review are based on a TMR report titled as “Industrial Gloves Market (Product – Disposable Gloves and Re-Usable Gloves; Material – Rubber/Latex, Nitrile, Vinyl, Neoprene, and Polyethylene; Application – Pharmaceuticals, Food Healthcare, Chemicals, and Manufacturing) – Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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Bakery Release Agents Market 2020-2026 Is Booming Worldwide with Comprehensive Study Explores Huge Revenue Scope in Future

According to a new market report published by Transparency Market Research titled “Bakery Release Agents Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global bakery release agents market is expected to reach a value of US$ 597.3Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 5.2% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 630.4 thousand tons in 2017.

The North American bakery release agents market is projected to have the highest growth during the forecast period.The market witnessed considerable growth due to increased demand for bakery products by manufacturers, supported by the population demand.

The bakery release agents market is growing primarily due to the increased consumption of bakery products supported by the ever increasing population in developing countries. Out of the global network of release agents, the U.S. stands at first position in terms of demand for these products. The demand for bakery release agents in the U.S. and other countries are influenced by the rise in consumption of bread.

Bread being the highest consumed bakery product, has the largest application of bakery release agents. On the other hand, one of the main challenging factors affecting this industry is the cost of ingredients such as vegetable oils. However, the bakery release agents market is expected to overcome this challenge by the use of cost effective organic ingredients.

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In 2017, based on form of these agents, the liquid segment accounted for market value of about US$ 184.9 Mn in the global bakery release agents market. Liquid bakery release agents are widely manufactured and consumed globally due to its properties that result in a smooth texture of the products, and easy application.

In terms of product type, globally the pastries segment is expected to expand at the highest CAGR of about 5.4% in terms of value, followed by bread which accounted for the largest market share. Bread being the highest consumed bakery product, has the largest application of bakery release agents. The use of a low-viscosity, high-performance release agent is generally recommended for these baked products.These factors are expected to showcase growth potential for bakery release agents in bread.

In terms of ingredients, the vegetable oil segment is anticipated to account for the largest market share in terms of value. Vegetable oils affect the polymerization/ resinification and oxidation stability in bakery product processing. Vegetable oils such as soybean oil, palm oil, and others are widely used by bakery products manufacturers. This factor is primarily responsible for the major share of vegetable oils in the bakery release agents market.

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Furthermore, in terms of end-use, the industrial and commercial segment is anticipated to account for the largest share and is expanding at a higher CAGR than the residential segment.The industrial utility of bakery release agents is categorized by various products such as baked goods, biscuits, and breakfast cereals. By geography, North America region is expected to continue its dominance in the bakery release agents market with more than 35% market share in 2017. Across North America, the U.S held 41% market share in the bakery release agents market in the year 2017.

The top companies considered while studying this report for the global bakery release agents market are Archer Daniels Midland Company, Mallet & Company, Inc., Masterol Foods Pty. Ltd., Cargill, AAK AB, Avatar Corporation, Sonneveld Group B.V., British Bakels Ltd., Lasenor Emul, S.L., and Maverik Oils, L.L.C.

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Automotive Adhesive Market Trends by Countries, Type and Application

According to the report, the global automotive adhesive market is projected to surpass US$ 7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period, owing to increasing usage of adhesives in vehicles to achieve lightweighting and higher fuel economy. A car in the 1990s contained around 22 pounds of adhesives, which has presently increased to about 33 to 39 pounds.

Expansion of Automotive Adhesive Market

Adhesives have been utilized for bonding metal sheets in vehicles for over 40 years. Increasing trend of aerodynamic bodies and flatter designs to create minimal wind resistance have led to the usage of adhesives, as opposed to conventional spot welding. Decline in the number of welding points and increased use of adhesives in structural bonding are likely to boost the global automotive adhesive market during the forecast period.

Vehicles manufactured with adhesives are more cost-effective and safe as compared to their welded counterparts. Welding, bolting, or riveting impact the rigidity of assembled parts, the use of adhesive acts as a buffer and absorbs high energy. Increased demand for safer vehicles among consumers and competition among automakers to achieve higher safety rating are driving the global automotive adhesive market.

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Based on adhesive type, the structural segment held a leading share of the global automotive adhesive market in 2019. Adhesives have been widely adopted for gluing structural components and panels to lower the vehicle weight and improve stability and safety. The threadlocks & retainers segment is anticipated to expand at a high growth rate during the forecast period, as they are cost-effective and prevent corrosion, leakage, and loosening of fasteners/bolts/screws.

In terms of vehicle type, the passenger vehicle segment held a leading share of the global automotive adhesive market, owing to the higher production volume of cars and high usage of adhesives in cars to achieve interior esthetics, lightweighting, and to lower vehicle noise and vibrations.

Regional Analysis of Automotive Adhesive Market

In terms of region, the global automotive adhesive market has been segregated into North America, Europe, East Asia, South APAC, Middle East & Africa, and Latin America. Asia Pacific held a leading share of the global automotive adhesive market in 2019. High production of vehicles in China, Japan, and India led to the dominance of Asia Pacific in the global automotive adhesive market. Europe and North America held a prominent share and the market in these regions are anticipated to expand at a steady pace post recovery from the COVID19-induced auto recession.

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Key Players of Automotive Adhesive Market

Prominent players operating in the global automotive adhesive market include Henkel AG & Co., KGaA, Arkema S.A., DuPont, Hunstman International LLC, Sika AG, Jowat SE, Dow Inc., 3M, Ashland, H.B. Fuller Company, and Franklin International.

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