Armored Vehicle Market Opportunities, Growth, Forecast To 2023

The innovation and technology-driven for armored vehicles market features a select few vendors that mostly take up contracts from government and commercial bodies, with the defense sector being the key determinant of the market’s overall development, finds a new research report by TMR. Most of the market’s leading and most reputed vendors are headquartered in North America and Europe, making these regions the frontrunners and leading regional segments.

The demand for integration of technologically advanced electrical, photonic, and efficient and highly secure communication components in armored fleet to maintain an edge over extremist powers is gaining strength, stimulating the need for technological transformation for the market. In the next few years, continual investment in R&D activities, development of highly advanced, and innovative technologies will be the core of growth strategies adopted by key vendors, including Oshkosh Corporation, Elbit Systems Ltd., BAE Systems plc, Lockheed Martin Corporation, and Rheinmetall Defence.

Rising Military Modernization Activities in Asia Pacific and RoW and Focus on SWaP Specifications Key Facilitators of Growth

Rising concerns regarding security from insurgent groups and terrorist attacks in countries across Asia Pacific have highlighted the need for modernization of military groups, pressing government bodies to allot more funds to the defense sector in the past few years. Countries such as India, China, and South Korea are focusing on the procurement of enhanced armored vehicles, driving the global market. Developed nations such as UAE, Israel, Saudi Arabia, Iran, and Turkey are also substantially increasing their military budgets and increasing the numbers of technologically advanced armored vehicles in their military troops.

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The need for reducing the weight and size of vehicles deployed in the defense sector, and the demand for highly efficient, compact, and robust vehicles and weapons is also a key driver of the global armored vehicle market. Promising advancements on fronts such as communication medium, adaptability, navigation, surveillance, protection, and enhanced situational awareness are expected to appeal to an extended set of clients in the next few years.

Dearth of Regulatory Standards and High Costs of Advanced Armored Vehicles Major Deterrent in Low-income Countries

In most countries across Asia Pacific and the RoW sectors, lack of regulatory standards differentiating protection levels leads to high prices and an increased risk of fraudulence from manufacturers. These factors are also leading to the emergence of several unauthorized vehicle armoring companies in countries such as India, China, and Brazil, challenging businesses of established companies to a certain extent.

The high costs of advanced armored vehicles is also a major deterrent for the global armored vehicles market, especially when sales across cost-conscious developing economies are considered. Fluctuating raw material costs, import expenses, and a horde of taxed levied by countries often result in increased costs of end products. Maintaining a balance between the base cost of products and their quality is thus one of the key challenges for the global armored vehicles if companies wish to expand their businesses across emerging economies.

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Transparency Market Research states that the global armored vehicle market is expected to expand at a CAGR of 5.2% from 2015 to 2023. At this pace, the market, which had a valuation of US$22.73 bn 2014, is expected to rise to US$35.49 bn by 2023. In terms of technology, the market is presently dominated by the mine protection segment, which accounted for over 24% of the overall market in 2014. In terms of end-use segment, the military sector held over 62% in the global market in 2014.

This review is based on a recent market research report published by Transparency Market Research, titled “Armored Vehicle Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.”

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Aircraft Seating Market Service Applications, Forecast To 2026

The vendor landscape of the aircraft seating market is moderately consolidated with the presence of few prominent players in the aircraft seating market. Transparency Market Research figured RECARO Holding, Gmbh, HAECO and Zodiac Aerospace as the leading players in the market with more than 50% of total market share altogether while rest shares are dominated by local players.

The major players are focusing on acquisitions and mergers, collaboration and business expansion. For instance, Zodiac Aerospace collaborated with Safran this will help improving its R&D capabilities as well as production capacity.

Apart from this, players are adopting several instrumental expansion strategies to stay ahead in the global aircraft seating market.  Players in the market are developing seats with ergonomic designs and enabling cost-effective production through optimized use of raw materials. Other players are focusing towards business expansion to strengthen their market share.

According to TMR, global sales of aircraft seats is poised to grow at a CAGR of 12.9% during the forecast period 2017-2026. Rising at this CAGR, the sales aircraft seats market is expected to touch a valuation of US$ 27.5 bn by the end of 2026. The analysts noted the market at US$12 in the year 2016.

Geographically, North America is projected to dominate the aircraft seating market during the forecast period, thanks to the high demand for air transportation, international air traffic, increasing flight frequency. Further on the basis of type, the narrow-body segment is anticipated to hold highest share the coming few years. This is mainly due to the increase in number of narrow-body aircraft delivery.

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The aircraft seating market is projected to grow at a prominent pace in the coming few years. This is mainly due to the increase in number of new aircraft orders coupled with rise in demand for premium economy class seats.

The airline industry at present witnessing the most lucrative phase with decrease in oil prices. Further, rise in global economy and significant increase in disposable income is making air transport easy and accessible for the middle class population. That’s the reason a large number of people are preferring air travel than land transport. Increase in number of air travellers is prompting air companies to invest in amenities. In aircrafts, seats play a vital role as a passenger spend most of its time on seat. This is expecting to offer a significant boost to the aircraft seating market in the coming few years. `

Further, surge in investment in upgrading their existing aircraft fleets and service provider’s willingness to improve customer experience are some significant factor expected to drive the aircrafts seating market.

However, complexities in supply chain is a great challenge for the aircraft seating manufacturers, this is expected to increase their revenues. Nevertheless, players are taking measures to ensure that there is no disruptions in the supply chain of individual components.

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Use of Lightweight Polymers for Seat Manufacturing to Offer New Opportunities

Furthermore, players are experimenting with the development of new lightweight materials that will provide new opportunities for the growth of the aircraft seating market. This will provide more opportunities for the growth of the aviation market by providing more savings to the airlines operators.

The information is derived form TMR’S report titled, “Aircraft Seating Market (Aircraft Type – Regional Jets, Narrowbody, Small Passenger Widebody, Medium/ Large Passenger Widebody, and Turboprop; Seating Class Type – Economy Class, Business Class, and First Class; Fit Type – Retro Fit and Line Fit) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026.”

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Counter Drone System Market Outlook, current and upcoming Industry landscape Analysis 2030

The growth of the global counter drone system market largely hinges on to advancements in communication technologies. Use of counter drone systems spans into a multitude of areas of national relevance. Drone systems and anti-drone technologies are a part of the national critical infrastructure of nations. Growing anarchy across leading regional borders has compelled national decision makers and government to invest in protection and security technologies. This is an important dynamic of growth for the vendors and developers operating in the global counter drone system market. The importance of anti-drone systems in leading industries and developed nations has given an impetus to market expansion.

This review by Transparency Market Research (TMR) assesses the leading trends and opportunities that have aided the growth of the global counter drone system market. The review deep dives into some of the resilient factors and propensities that are shaping the growth of the global counter drone system market. The evolving nature of technologies used for developing counter drone systems has created new pathways for market expansion. Furthermore, the humongous relevance of protecting national borders has also prompted governments to invest in buying counter drone system.

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Counter Drone System Market: Competitive Landscape

The manufacturers of anti-drone systems are deploying resilient technologies for testing and developing effective drone systems. The leading vendors also provide robust manufacturing, repair, and overhaul (MRO) services in order to captivate the attention of the masses. The use of anti-drone systems in disruption-prone regions has given a lucrative opportunity for growth to the leading market vendors. Localization efforts of several companies and entities have consolidated regional markets. Therefore, the vendors operating in the global counter drone system market are investing in new technologies.

Anti-drone systems have helped regions in averting attacks on the integrity of their national assets. The growing investments in physical security have created strong avenues for expansion across the global counter drone system market. The counter drone system market is slated to increase in size and revenues over the years to follow. Some of the leading players vendors in the global counter drone system market are Boeing Co., DRONESHIELD, Dedrone Detect Inc., Battelle Memorial Institute, Hertz Systems, L-3, Enterprise Control Systems, and Communications ASA Limited.

Global Counter Drone System Market: Key Trends

The growth of the global counter drone system market is a function of increasing investment in military and defense technologies. Attacks launched by foes on the defense infrastructure of regions have compelled the latter to invest in anti-drone systems. The use of drones to attack nations has raised concerns across international communities. Despite stellar efforts for conflict resolution, the threat of unanticipated drone attacks continues to rise across nations. The impacts of drone attacks can be dismal, and could affect the integrity and normal functions of countries. Therefore, anti-drone systems have emerged as a sound technology for protecting the integrity of drone systems.

Use of drone systems in the domain of landscape inspection and cybersecurity has also created new avenues for market growth. Foreign drones could enter national territories to steal critical information. This has also necessitated the use of anti-drone technologies across the world. In the context of defense advancement, the global counter drone system market is at an important juncture of growth. Several regional territories are investing in anti-drone technologies in order to retain and protect the integrity of their defense, military, and security forces. The global counter drone system market is, therefore, at the brink of acquiring the growth threshold.

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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.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

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Body Armor Market Forecast by current Industry Status and Growth Opportunities Upto 2027

According to a new research report published by Transparency Market Research the global body armor market is expected to reach value of more than US$ 3,200 Mn by 2027, expanding at a CAGR of around 4% from 2019 to 2027. According to the report, the global body armor 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 continue to be a prominent region in the global body armor market, with the market in the region expanding at a CAGR of more than 4% between 2019 and 2027.

Global Body Armor Market: Overview

• The global body armor market is expected to be driven by the rising demand for technologically-advanced and light body armors, especially in countries that are consistently modernizing their defense systems.
• Rise in terror threats around the world has also led to the adoption of body armors in the defense forces of several countries, in an attempt to protect their military personnel.

Level IV Segment Prominent in the Global Body Armor Market

• Level-IV body armors provide protection from .30 caliber armor-piercing (AP) bullets (U.S. military designation M2 AP), having nominal mass of 10.8 g (166 gr), impacting at a minimum velocity of 869 m/s (2850 ft./s) or less. They also provide at least single-hit protection from Level I, Level II-A, Level II, and Level III attacks.
• Factors such as the implementation of Soldier Modernization Programs and replacement of obsolete body armors with advanced variants are driving the Level IV segment in the body armor market.

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Composite Ceramics a Highly Lucrative Material Segment of the Global Body Armor Market

• Ceramics used in combination with polyethylene-based materials are capable of offering Level IV protection and repelling armor piercing ammunition.
• The composite ceramics segment held a 47.55% share of the global body armor market, in terms of revenue, in 2018.
• The demand for composite ceramic body armors is expected to remain high throughout the forecast period, as they are extensively used for military purposes.

Defense Segment to Dominate the Global Body Armor Market

• The defense segment accounted for a leading share of the global body armor market in 2018, and it is anticipated to expand at a high CAGR during the forecast period.
• The increasing demand for providing defense suits with enhanced ballistic- and stab-resistance for soldiers is one of the primary factors fueling the defense segment in the body armor market.

North America to be a Highly Lucrative Market for Body Armor

• In terms of geography, the global body armor market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America dominated the global market, holding 43.5% of the market share in 2018. The body armor market in the region is expected to expand at a high CAGR during the forecast period.
• In North America, the U.S. is anticipated to be a major market for body armor. The continuous procurement of latest and highly-advanced body armors by military organizations in the U.S. is likely to drive the body armor market in the country during the forecast period.
• Increasing incidences of handgun crimes are also expected to drive the body armor market in North America.

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Body Armor Market: Competition Landscape

• With the objective of business expansion, several players operating in the global body armor market are expanding their offerings through investments in new product development. An increasing number of players are spending significantly on R&D activities to develop technologically-advanced and lightweight body armors.
• Some of the prominent players operating in the global body armor market are Point Blank Enterprises, Inc., BAE Systems, Inc., Australian Defence Apparel Pty Ltd, ArmorSource LLC, Survitec Group Limited, Sarkar Defense Solution, MKU Pvt. Ltd., KDH Defense Systems, Inc., Safariland, LLC., U.S. Armor Corporation, Du Pont (E.I.) De Nemours., and Honeywell International Inc.

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Dissolved Gas Analyzer Market Outlook and Opportunities in Grooming Regions with Forecast to 2027

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

Dissolved gas analyzers monitor and detect developing faults within the main tanks of transformers and associated oil field equipment. Transformers have been employed since the earliest days of electricity generation and transmission. High thermal and electrical stress causes the mineral oil that is used in a power transformer to decompose. Hydrogen (H2), ethylene (C2H4), carbon monoxide (CO), methane (CH4), and acetylene (C2H2), among other gases, are formed as a result of this process. Such gases are formed depending on the faults of the transformer. The introduction of low-cost test methods for dissolved gases and the increasing number of aging power transformers are propelling the growth of the dissolved gas analyzers market.

Global Dissolved Gas Analyzer Market: Market Dynamics

Increased demand for tracking transformer safety in order to improve operational efficiency is expected to fuel the adoption of gas analyzers significantly during the forecast period. The primary use of dissolved gas analyzers is to detect faults in early-stage power transformers. They help energy companies (users) to set up maintenance programs that are designed to fix and prevent faults, and enhance the lifespan of power transformers.

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The dissolved gas analyzer (DGA) market is fueled by numerous technological advancements. Rising demand for safe power transformers prompts manufacturers to innovate and develop better technological solutions in order to fulfill the needs of customers. Increasing installation of power transformers, worldwide, is expected to drive the market in the near future. Rising number of environmental pollution-related programs aim to have a significant impact on the global economy.

Different steps are being taken by various governments around the world to reduce carbon footprint, with the hope that the overall market would expand in the next few years. The demand for dissolved gas analyzers is estimated to increase in the near future, as end-user industries are focused on the enhancement of their equipment performance and reducing the risks involved in their use. Significantly high risk posed by power transformer facilities, due to lack of monetary resources and ageing and weakening labor force, may restrict the global market.

Global Dissolved Gas Analyzer Market: Prominent Regions

Asia Pacific is a dominant market for dissolved gas analyzers, globally. Expansion of the market in the region can be attributed to considerably high investments in research & development activities by manufacturers operating in the region. Moreover, the rising adoption of dissolved gas analyzers in developing economies in Asia Pacific, owing to technological advancements and cost-efficiency, is also attributed to drive the market in the region. Developing economies in the region are witnessing expansion of infrastructure; therefore, the installation of power transformers is increasing along with emerging research on online DGAs.

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This, in turn, is boosting the overall demand for DGAs. The DGA market in North America is estimated to expand significantly during the forecast period, owing to the presence of aging power transformers in the region, which require safe monitoring. Therefore, the need to ensure the accurate detection of fault gases in new transformers is projected to fuel the demand for DGAs in the region. The dissolved gas analyzer markets in the Middle East & Africa and South America are expected to expand at a moderate pace in the near future, due to the considerable expansion of the oil & gas industry in these regions.

Global Dissolved Gas Analyzer Market: Key Players

Key players operating in the global DGA market include LumaSense Technologies Inc., Weidmann, General Electric, Morgan Schaffer Corporation, ABB Ltd., Doble Engineering, Gatron Gmbh, OELCHECK Gmbh, SD Myers, Inc., Qualitrol Company LLC., EMH Energy-Messtechnik GmbH, and Sieyuan Electric Co. 

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Water Meter Market Regional Outlook, Competitive Strategies & Forecast Up To 2027

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market.

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

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Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

Nevertheless, water metering market is gaining immense popularity as they are offering enhanced r connectivity and advanced features over their conventional counterparts.

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Air Quality Monitoring Equipment Market to Undertake Strapping Growth During 2020-2027

Transparency Market Research delivers key insights on the global air quality monitoring equipment market. In terms of revenue, the global air quality monitoring equipment market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global air quality monitoring equipment market.

Air quality monitoring equipment are used for monitoring the level of pollution present in the atmosphere. These equipment help in keeping a track of the pollution level and air quality in order to avoid fatigue, discomfort, and dizziness, which further hamper the overall productivity level. The global air quality equipment market is primarily driven by rising concerns pertaining to ill effects on air pollution on the health of citizens in addition to prompt efforts by governments of various countries to curb air pollution. Based on type, air quality monitoring equipment are classified into indoor air quality monitoring equipment and outdoor air quality monitoring equipment.

Among these, outdoor air quality monitoring equipment are largely being adopted, as these equipment are useful to monitor the level of pollution present in the atmosphere. Furthermore, based on application, the global air quality monitoring equipment market has been segmented into industrial, commercial, and residential. The industrial sector is increasingly adopting air quality monitoring equipment and governments of multiple countries are focusing on implementing stringent rules to reduce air pollution. This, in turn, is expected to boost the global air quality monitoring equipment market during the forecast period.

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Air Quality Monitoring Equipment Market: Dynamics

Adoption of air quality monitoring equipment in smart city projects is growing. This is due to the emergence of smart cities, population, and increase in the number of vehicles. This has led to rise in air pollution. Thus, efficient management of air quality plays an important role in smart cities. Air quality monitoring equipment have been evolving led by the rising trend of Internet of Things (IoT). Air quality monitoring sensors used in large numbers in these equipment help in collecting a large volume of data related to air quality. This data is useful while making decisions pertaining to air pollution. Several smart cities across the globe are installing air quality monitors to evaluate air pollution. In 2019, in London (the U.K.) an air quality monitoring network equipped with a large number of air quality monitors was launched to improve the quality of air in the city. Thus, growth in the number of smart city projects across the world is expected to boost the demand for air quality monitoring equipment in the near future.

Moreover, demand for air quality monitoring equipment is rising worldwide, as a result of launch of a large number of air quality monitoring systems in several countries. For instance, in 2019, Jersey, a player based in the U.K., announced the launch of an air quality monitoring system that can collect real-time environmental data to help government agencies in curbing air pollution. Launch of new air quality monitoring systems across the globe is projected to drive the global market for air quality monitoring equipment during the forecast period.

Furthermore, India and the U.K. entered into strategic partnerships with each other in the year 2019 to build a comprehensive air quality monitoring system that can measure air pollution. This partnership would be leading to the installation of air quality monitoring systems in Bengaluru, India, to measure the air pollution level by collecting data from sensors. Additionally, several manufacturers are focusing on the development of technologically advanced air quality monitoring equipment to curb air pollution effectively. Furthermore, the demand for air quality monitoring equipment is rising among consumers for use in homes, owing to increased awareness about air quality monitoring at residential places and increasing adoption of smart buildings. This is expected to be a prominent factor propelling the global air quality monitoring equipment market during the forecast period.

Air Quality Monitoring Equipment Market: Prominent Regions

Asia Pacific is the dominant region of the global air quality monitoring equipment market. Growth of the market in the region can be attributed to growing adoption of air quality monitoring equipment in the industrial sector in the region. Air quality monitoring equipment are used in various sectors, which include industrial, commercial, and residential. Among these, air quality monitoring equipment are largely used in industrial applications such as power & utilities, construction, mining, and oil & gas. This is attributable to increasing awareness about monitoring of air quality among environmental protection agencies in various countries. Moreover, increasing number of air quality monitoring stations is expected to further drive the air quality monitoring equipment market in the region during the forecast period.

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Thus, rising adoption of air quality monitoring equipment in industrial applications is driving the demand for air quality monitoring equipment in Asia Pacific. Additionally, multiple manufacturers of air quality monitoring equipment operate in Asia Pacific, which are continually striving to develop technologically advanced air quality monitoring equipment. Thus, rising adoption of air quality monitoring equipment in the industrial sector is likely to boost the demand for air quality monitoring equipment in Asia Pacific between 2019 and 2027. The market in North America and Europe is estimated to witness significant growth during the forecast period, owing to high demand for air quality monitoring equipment in the industrial sector in these regions to keep a track of the pollution level and air quality. The air quality monitoring equipment market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

Air Quality Monitoring Equipment Market: Key Players

Key players operating in the global air quality monitoring equipment market are Aeroqual, Ecotech, Vaisala, Teledyne Technologies Incorporated, Thermo Fisher Scientific, Inc., TSI Inc., Horiba Ltd., Siemens AG, Kaiterra, Chemtrols Industries Pvt. Ltd., Envirotech Instruments Private Limited, SV Tech Engineers, and VASTHI INSTRUMENTS Pvt. Ltd.

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