Body Armor Market Research Report (2021–2027)

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.

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• 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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Underwater Connectors Market Opportunity Assessments 2021-2027

Transparency Market Research delivers key insights on the global underwater connectors market. In terms of revenue, the global underwater connectors 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 underwater connectors market.

Underwater connectors help in joining subsea optical or electric circuits to facilitate smooth underwater communication. The need for underwater connectors has been rising at a rapid pace in the global offshore industry, due to their use across oil & gas, oceanography, ROVs/AUVs, and telecommunication industries. Furthermore, with increasing focus on renewable energy sources, the demand for underwater connectors is gradually increasing in offshore renewable energy fields.

In this market report, TMR proposes that, the ROVs/AUVs and military & defense application segments are estimated to outpace other application segments by 2027. Increasing use of underwater connectors in underwater military and defense vehicles and systems, along with their growing use in remotely operated and autonomous underwater vehicles in and around numerous regions, is the key reason for the rise in the demand for underwater connectors across the globe. Furthermore, increasing worldwide military spending and growing adoption of ROVs led by the increasing demand for offshore energy and the rising number of offshore wells are expected to drive the global underwater connectors market from 2019 to 2027. For instance, AUVs are increasingly being used for deep-water surveys.

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Moreover, a large number of AUVs are being used for sea line inspections, worldwide, and with the growing infrastructure and subsea pipeline networks, the adoption of AUVs is expected to increase. Increasing adoption of AUVs is projected to fuel the demand for underwater connectors during the forecast period. In addition to this, the adoption of underwater connectors in oceanography and telecommunication applications is rising considerably, due to the increasing demand for data, worldwide. This is likely to drive the global underwater connectors market during the forecast period.

However, certain drawbacks of rigid-shell underwater connectors are likely to adversely impact the global underwater connectors market during the forecast period, as rigid-shell connectors can break as a result of variation in the pressure between the inner surface and the outer surface of the shell.

Report authors adopted a unique approach and two-step research methodology to conduct an in-depth analysis of the underwater connectors market and reach conclusions about market size-related information. Industry-validated insights obtained from secondary resources were verified through primary resources to obtain exclusive data on how the underwater connectors market will grow and expand during the forecast period.

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For the primary phase, analysts have conducted interviews and discussions with C-level executives, key opinion leaders, regional officers, product managers, brand managers, and marketing managers of companies in the supply chain of the underwater connectors market. Information gathered through these interviews have contributed to the development of the report.

Secondary resources referred to by the analysts for the report compilation are company annual and financial reports, research publications, white papers and industry association publications. Other resources include National Marine Electronics Association (NMEA), International Marine Electronics Alliance, British Marine Electrical & Electronics Association, and CIRM.

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Aerial Work Platform Market Progresses for Huge Profits by 2026

As per a recent report by Transparency Market Research the global aerial work platform market is expected to grow substantially in the duration of 2018 to 2026. The growth of the market is attributed to the growing demand for aerial surveillance. Based on similar demands the global aerial work platform market is projected to witness a consistent 6.1% CAGR during this duration. Also, with this development, the market is projected to bag US$ 8.7 bn by the end of 2026. The experts at Transparency Market Research states that the market had a global volume of 83,800 units in 2017. This implies that the global aerial work platform market has a huge growth potential for the market players from 2018 to 2026

Growing Number of Manufacturers to Toughen the Competition in the Market

The competition of the global aerial work platform market is getting tougher with every passing day. This is competition is the result of the growing number aerial work platform manufacturers in the market. Every manufacturer is offering technologically advanced platform which can perform efficiently and deliver high valued results. Due to this challenging landscape the entry of new players is getting quite difficult.

To avoid this, the new players are merging and collaborating with established players of global aerial work platform market. These strategies is allowing the new players to have technological edge as they can leverage their and other companies’ resources to develop advanced solutions.

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On the other hand, the established players are acquiring businesses. This allow the players to expand their production capacity along with distribution channel. This offers the players new exposure to the massive customer base. Also the players are also investing research and development which is allowing them bring new products to the market. With all these activities the players can acquire a competitive edge over their rivals and strengthen their grip over the global aerial work platform market.

The report also highlights the competitive landscape of the aerial work platform market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive aerial work platform market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the growth of the aerial work platform market.

Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution to the aerial work platform market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section.

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The global aerial work platform market report has profiled the top players having a global presence such as Aichi Corporation, Altec Inc., Bronto Skylift, Diversified Technologies., Haulotte Group, JLG Industries, MEC Aerial Work Platforms, Oshkosh Corporation, Palfinger AG,  Skyjack (Linamar Corporation), Tadano Ltd., and Terex Corporation.

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Industrial Agitator Market – Detailed Analysis of Current and Future Industry Figures till 2027

According to a new market report published by Transparency Market Research  titled ‘Industrial Agitator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global industrial agitator market is expected to reach US$ 2,324.9 Mn by 2027, expanding at a CAGR of 4.1% from 2019 to 2027. In terms of volume, the global industrial agitator market is expected to reach 424.8 ‘000 units by 2027, expanding at a CAGR of 3.9% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

North America is the second-largest market for industrial agitator in the world. Various end-use industries, ranging from oil, gas and petrochemical to water and wastewater treatment, utilize industrial agitators for mixing purposes. In North America, the U.S. is a prominent market for industrial agitator, followed by Canada. The U.S. is a major producers of natural gas, including shale gas, in the world. As per the U.S. Energy Information Administration (EIA), in December 2018, the U.S. produced about 65 billion cubic feet per day (Bcf/d) of natural gas (shale gas and tight oil), which is about 70.0% of total U.S. natural gas production.

Furthermore, in December 2018, the country produced about seven million barrels per day (b/d) of crude oil, which is 60.0% of the total U.S. oil production. Compared to production a decade ago, in December 2008, natural gas (shale gas and tight oil) accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Thus, a rise in the demand for shale gas across the U.S. is boosting the demand for industrial agitators across North America.

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Europe is the third-largest market for industrial agitator in the world. Among the various end-use industries that use industrial agitators across Europe, food & beverage is a prominent end-user. The food & beverage industry is a prominent manufacturing industry in Europe, in terms of gross value added to the economy and number of people employed. Germany, the U.K., and France are major markets for industrial agitator in Europe. In terms of value addition by the food & beverage sector, Germany is a notable market in Europe. Therefore, a rise in the demand for food & beverage products is driving the production of food & beverage, which is subsequently propelling the demand for industrial agitators in Germany.

The study provides a conclusive view of the global industrial agitator market by segmenting it in terms of product type and end-use industry. In terms of product type, the global industrial agitator market has been classified into top-mounted vertical/ top-entry, side entry/ side-mounted horizontal, static mixer, bottom entry and portable. In terms of end-use industry, the global industrial agitator market has been divided into water and wastewater treatment, Food & Beverage, chemical, oil, gas and petrochemical, pharmaceutical, and others.

The analysis of the above segments is based on present and forecasted global demand for industrial agitator products and the prevailing and future trends in the market. We have analyzed the present and estimated regional market size of Industrial Agitator products across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. The regional Industrial Agitator markets are further broken down into country level markets in the following geographies: the U.S., Canada, Germany, U.K., France, China, Japan, India, GCC, South Africa, and Brazil.

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Global Industrial Agitator Market: Competitive Landscape

The global industrial agitator market consists of global players as well as large number of medium and small players. The report includes detailed analysis of the global industrial agitator market, SWOT (Strength, Weakness, Opportunity, and Threats) analysis of the market, porter’s five force analysis, key macroeconomic indicators influencing the market and trends. The industry analysis includes value chain analysis of the global industrial agitator market.

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Automotive Hybrid Engine Market Analysis by Recent Developments and Overview Outlook – 2030

 

• The hybrid engine contains at least one electric motor along with the gasoline engine to drive the vehicle. The three types of hybrid engines are series hybrid, parallel hybrid, and plug-in hybrid. In a series hybrid engine, the electric motor is utilized to provide power to the wheel. The motor receives energy from the battery or from an engine generator. In a parallel hybrid engine, the electric motor and engine both, together, drive the wheel. The plug-in hybrid engine is used when higher power is required to drive the vehicle.

Key Drivers of Automotive Hybrid Engine Market

• Rise in demand for high performance vehicles is offering opportunities to improve vehicle engine efficiency. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Increase in government support across the globe for the adoption of alternate energy vehicles to reduce vehicle emission. According to the United States Environment Protection Agency, hybrid vehicles reduce 20% to 25% carbon emission, which is likely to increase the demand for hybrid engines across the globe.
• Growing awareness about environment protection across the globe is likely to increase the demand for hybrid engines across the globe. Reduce in cost of batteries is anticipated to boost the automotive hybrid engine market across the globe.

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Europe & Asia Pacific to hold significant share of global automotive hybrid engine market

• Europe is projected to account for a significant share of the global automotive hybrid engine market due to stringent rules and regulations regarding vehicle emission norms enacted across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers including Continental AG, Robert Bosch AG and Denso Corporation who have major facilities that undertake research & development regarding the hybrid engine, which is likely to propel the automotive hybrid engine market across the globe.
• Followed by Europe, Asia Pacific is projected to account for a significant share of the global automotive hybrid engine market due to an increase in sale of vehicles across the region. Governments across major developed countries are investing to increase industrialization across the region, which is likely to boost the automotive hybrid engine market across the Asia Pacific. Rising demand for fuel-efficient vehicles across Asia Pacific is likely to drive the automotive hybrid engine market in the region.

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Key Players Operating in Automotive Hybrid Engine Market

The global automotive hybrid engine market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive hybrid engine market are:

• Aisin Seiki
• Cummins Inc.
• BAE Systems
• BorgWarner Inc.
• Continental AG
• Delphi Automotive
• JATCO Ltd
• Magna International
• Denso Corporation
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Schaeffler AG

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Automotive Surface Material Market Development, Trends, Analysis & Forecasts 2020-2030

 

• Automotive surface materials are used in the interior of various vehicles and offer an attractive appearance, improved sustainability, and enhanced reliability to automobiles. They are utilized in the manufacture of various automotive interior components of vehicles.

Key Drivers of Automotive Surface Material Market

• Shifting consumer preference from sedans to SUVs and increasing disposable incomes of consumers have been propelling the demand for luxury cars around the world. Major economies, such as U.S, Europe, and China, are witnessing the trend of rising demand for luxury automotive vehicles. Consequently, this trend is fueling the demand for surface materials with high functional and haptic demands.

Restrains in Automotive Surface Material Market

• The COVID-19 pandemic has affected domestic as well as international automotive supply chains, manufacturing and R&D operations, and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening automotive manufacturing and supply chain operations, thus the COVID impact on the industry seems to have reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months, despite concerns around the risk of a second wave of infection in several countries and other geopolitical risks.

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Opportunities in Automotive Surface Material Market

• Globalization has resulted in a challenging automotive manufacturing environment that is changing at a rapid pace, resulting in growing competition between international and domestic car manufacturers. The automotive industry is working hand-in-hand with major technology companies to stay ahead in the competition and deliver highly advanced, safe, and comfortable vehicles. Car seats are important for safe driving, comfort seat systems can aid driver to concentrate on driving, thereby avoiding accidents. Shifting OEM’s focus towards offering feel good interiors to influence vehicle buyers, especially mid-range and compact-class vehicles will provide opportunity for the automotive surface materials market.

Europe to Dominate Automotive Surface Material Market

In terms of geography, Europe is expected to offer several opportunities to the automotive surface material market during the forecast period. Expansion of the automotive surface material market can be attributed to high penetration of luxury cars in the region. Germany, France, and the U.K. are key markets for automotive surface material market in Europe.

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Key Players Operating in Automotive Surface Material Market

The global automotive surface material market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the global automotive surface material market are:

• Duracote Corporation
• Continental AG
• Impact Consumer Products Group
• Covestro
• Borealis
• BASF
• SABIC

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Automotive Driver Capability System Market Status and Trend analysis 2020-2030

 

• Increase in adoption of information technology enabled solutions in vehicles, including artificial technologies, IoT (internet of things), and data analytics coupled with a rise in use of demand for systems enhancing the driver capabilities to drive safely such as driver fatigue monitoring systems, driver drowsiness monitoring systems, is anticipated to drive the global automotive driver capability system market.

Key Drivers of Automotive Driver Capability System Market

• Increase in use of artificial intelligence in automobiles is anticipated to boost the automotive driver capability system market, globally. Increase in adoption of artificial intelligence in autonomous vehicles is expected to reduce human errors in operation and enhance the efficiency of assigned task. Enabling AI in autonomous vehicles is expected to help vehicle operators to perform other tasks including booking the next fare, communicating with clients, or planning vehicle maintenance. Moreover, vehicle drivers/ operators would be better able to manage the fleet and dispatch tasks while being assisted by AI on the road.
• Rise in use of vehicle management system and services by vehicle fleet owners is expected to drive the global automotive driver capability system market. Driver capability systems enable the vehicle AI to execute steering, acceleration/deceleration in case the fatigue monitoring system detects irregular driving pattern and causes the vehicle to stop. This, in turn, reduces the probability of vehicle crashes and thereby, reduces fatality rate.

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Automotive Driver Capability System Market: Restraint

• Driver capability systems are outfitted with a significant amount of computing ability and sensing equipment, including LiDAR and powerful GPS systems. This additional equipment may cost up to US$ 100,000 on top of the base cost of the autonomous vehicle. Furthermore, the cost of a vehicle with artificial intelligence in it is much higher than that of a traditional vehicle. The high initial cost is expected to hinder the automotive driver capability system market.
• Increase in dependence on artificial driving systems is expected to further reduce the driving capabilities of drivers over time. This concern is likely to hamper the global automotive driver capability system market.

Europe & North America cumulatively to account for a prominent share of global automotive driver capability system market

• In terms of region, the global automotive driver capability system market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
• Increase in trend of integration of AI, rise in investments toward AI developments, rise in disposable income, and high demand for autonomous vehicles in countries such as U.S., Germany, U.K., France, and Italy across North America and Europe are key factors leading these regions to account for a significant share of the global automotive driver capability system market. Regulations pertaining to occupant and driver safety across North America and Europe compel automakers to adopt driver capability systems in their vehicles, thereby boosting the automotive driver capability system market.
• Moreover, baby boomer effect, sophisticated technology centers, and high consumer awareness about autonomous mobility are likely to propel the automotive driver capability system market across North America and Europe.

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Key Players Operating in Automotive Driver Capability System Market

The global automotive driver capability system market is highly concentrated due to the presence of top manufacturers. A few key players operating in the global automotive driver capability system market are:

• AISIN Group
• ALD Automotive
• Alphabet
• Aptiv Plc
• Continental Automotive
• Delphi Automotive
• Denso Corporation
• Electrobit

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