Unmanned Marine Vehicle Market Volume and Growth Prospects 2021

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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Smart Home Security Market Estimated to Experience a Hike in Growth by 2027

The global smart home security market is projected to witness significant growth, thanks to presence of large number of operating in this market. The prominent players are adopting various strategies in order to strengthen their presence across the globe, finds Transparency Market Research. Some of the key players functioning in this market are Amazon, Ingersoll Rand, Legrand, and ADT. The major players are also adopting various strategy in order expand their product portfolio and maintain their presence across the globe.

As per a report by TMR, the revenue generated by the global smart home security market stood at US$ 1491.77 Mn in 2018. The market is projected to touch valuation of US$ 7950.94 Mn by the end of 2027. The global smart home security market is expected to expand at a CAGR of 20.6% during the course of forecast period from 2018 to 2027.

On the basis of types, the safety and security segment is likely to dominate the global smart home security market in 2018. This segment is expected to account for 21% share in the global market during the assessment period. From the geographical point of view, Europe is likely to lead the global smart home security market. This is owing to increasing adoption of security device in luxury villas, mid-range homes, and luxury apartments.

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Increasing Security Concern in Luxury Vilas to Drive Global Smart Home Security Market

The growing usage of smart home security device in luxury apartments, luxury villas and mid-range apartment is expected to drive demand market demand in the coming years. Several of these devices already have microphones and speakers in it and the presence of these applications in device are other factor promoting market growth. Comparatively low deployment rate of the smart home security is one of prime factor supporting growth of the global smart home security market in the coming years. DIY home security solutions in which homeowners monitor and install system by their own are another driving factor promoting growth of the overall market.

The wireless integration and other smart homes features that offer greater convenience and flexibility for the consumer are one of the key factor influencing demand. There has been wide range adoption of safety and security application in the luxury villas and this is one of the key factor promoting growth in the global smart home security market.  The growing demand for self-automated smart device is other factor triggering demand for the smart home security market in the coming years. However, growing disposable income among the population is another factor positively supporting growth of this market in the year to come.

The growing introduction of internet of things has increased number of connected devices throughout the world and the growing concern to secure home digitally, along with this growing penetration of smartphones is another reason stimulating growth of the global smart home security market. The increasing adoption of the Internet of Things is one of the important trend boosting connected security system. The smart home security also saves energy and security and this other driver boosting market growth in the year to come.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Smart Home Security Market (Type – Alarm System, Safety and Security (Video Surveillance, Access Control (Biometric Access Control, Non-biometric Access Control)); Application – Big Villa, Apartment) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027.”

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Profilometer Market Status and Precise Outlook During 2021 to 2026

According to a new market report published by Transparency Market Research titled “Profilometer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global profilometer market is expected to reach US$ 528.47 Mn by 2026, expanding at a CAGR of 4.4% from 2018 to 2026. Europe held the highest share in the profilometer market in 2017.

Surface profilometers are devices that help to measure the surface profile in order to quantify the roughness. Factors such as higher usage of 3D non-contact profilometers and demand from electronic, semiconductor, and automotive fields is set to fuel the global profilometer equipment market, consequently resulting in the rising demand for profilometers. Regulations and policies increase the product standard and quality. High investment cost of machinery for setting up production units is expected to hamper the global profilometer market. However, manufacturers of profilometers are more focused on product development and innovating new advance profilometer technology which are expected to create huge opportunity for the profilometer market during the forecast period.

Rapid industrialization and focus on rapid growth has resulted in significant dominance of profilometers in 2017. Contact profilometer is preferred due to the accuracy of the data that is received. However, non-contact profilometer is expected to witness the fastest growth due to the advancement in technology such as adoption of visualization tools in order to receive accurate results of the study.

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Optical methods are expected to witness rapid growth during the forecast period due to the adoption of several advanced techniques which are related to the rising computing capabilities over the years. Optical methods help to derive accurate results even on complex shapes. Additionally, optical methods conducted by the non-contact profilometer are portable and also provides correct measurements without touching the surface. However, contact and pseudo contact profilometers dominated the market in 2017.

Under the dimension segment, 3D optical profilometers are preferred and are used in industries such as semiconductors and electronics due to the fact that they provide accurate results. It can measure any surface with the help of axial chromatist. With non-contact profilometers, there is no need for any sample preparation. Additionally, 3D non-contact profilometers can measure any surface such as opaque, transparent, diffusive, rough, and polished. These features of 3D non-contact profilometers are anticipated to accelerate the growth of the global profilometer market during the forecast period.

Due to the large-scale demand for 3D non-contact profilometers in the semiconductor and electronics industry, demand for profilometers in these sectors is experiencing significance dominance over the years. Additionally, growth in semiconductor and electronic sectors has also resulted in the rise in usage of such instruments in these industries over the years.

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The market in Asia Pacific is expected to be dominant during the forecast period. China’s impact on the semiconductor industry increased in 2015. In fact, both China’s semiconductor consumption and production revenues increased at a greater rate than worldwide revenues. As a result, China’s share of the worldwide consumption market increased to 58.5% in 2016, while its share of the worldwide semiconductor industry increased to 16.2%. From 2005 through 2016, China’s semiconductor industry grew at a ten-year compounded annual growth rate (CAGR) of 18.7%.

Companies are focusing on achieving long-term growth by providing value added services to customers in the profilometer market. The companies profiled in the global profilometer market report include KLA-Tencor Corporation, Mahr Federal Inc., Zygo Corporation, Solarius Development Inc., Mitutoyo America Corporation, Schaefer Technology GmbH, Tokyo Seimitsu Co., Ltd, L. S. Starrett Company, Sensofar Group, Bruker Corporation, Jenoptik AG, Teräspyörä-Steelwheel Oy, Alicona Imaging GmbH, and AMETEK. Inc.

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Industrial Gas Regulator Market Key Indicators Forecast 2026

According to a new market report published by Transparency Market Research titled Industrial Gas Regulator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026, the global industrial gas regulator market is expected to reach a value of US$ 18.96 Bn by 2026. In terms of value, the market is estimated to expand at a CAGR of 3.4% during the forecast period from 2018 to 2026. Rising demand for natural gas for power generation and operation of industrial units in various industries is projected to offer lucrative opportunities to the industrial gas regulators market.

Governments of different countries globally are promoting the use of natural gas instead of conventional fossil fuel for the generation of power to reduce carbon emissions. Furthermore, growing demand for technologically advanced gas regulators is anticipated to build a new standard of products with high degree of operational ability, safety, and efficiency.

Stringent government safety regulations and guidelines across the globe for the manufacturing and processing sector is expected to be the major factor responsible for the increasing demand for industrial gas regulators globally. Furthermore, the utilization of various gases during R&D and processing requires specific gas regulators to prevent dangerous accidents, which have led to the enhanced demand for industrial gas regulators in the market.

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The pressure reducing industrial gas regulator is expected to grow steadily due to its applications across all end-use industries. Based on gas type, inert gas is expected to witness growth at a CAGR of 3.1% over the forecast period because of its increasing demand from pharmaceutical, oil & gas, and chemical industry. In a bid to follow good manufacturing and safety operation practices, industrial gas regulators are expected to drive the market based on gas type segment. Based on regulator type, single stage regulator segment is expected to dominate the market in terms of revenue and expand at a CAGR of 3.6% during the forecast period. The growth is attributed to its ability of low energy consumption and availability at cheaper prices. These regulators are best suited for all applications with minimal inlet pressure variation.

Oil & gas application segment in the industrial gas regulator market is expected to witness steady growth of 3.3% over the forecast period. Rise in demand for operating and monitoring of manufacturing units has led to the growth in the manufacturing sector which is further projected to enhance the business of industrial gas regulators. Furthermore, advanced industrial gas regulators are expected to dominate the market due to their high reliability and safety advantages. Pipeline service providers and operators are planning to enter strategic collaborations for the further development of industrial gas regulator technology. Additionally, rising demand for gas powered power stations and automobiles are also projected to provide growth opportunities to the industrial gas regulator market. These gas regulators are majorly utilized as pressure indicators of the tanks in various industries.

The industrial gas regulator market in Asia Pacific is expected to witness the highest growth over the forecast period owing to the growing awareness amongst end-users and rising demand for industrial gas regulator products in the region. The market in the region is expected to witness growth at a CAGR of 4.1% during the forecast period. Factors such as increasing demand for industrial gases, specifically in chemicals, energy, oil & gas, medical care, and various other sectors are projected to spur the market growth.

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China is anticipated to be the dominant country in the Asia Pacific industrial gas regulator market during the forecast period. Rapidly increasing metal production and manufacturing industries in the country along with the growing electronics market are considered to be the factors behind the market growth. Additionally, industries such as printing, textile, paper & pulp, and polymer consumes high quantity of chemicals which further offer growth opportunities for the supply of industrial gas regulators.

Some of the major players in the global industrial gas regulator market are Emerson Electric Co., The Linde Group, Air Liquide S.A., Praxair Technology, Inc., Air Products and Chemicals Inc., GCE Holding AB, Cavagna Group S.p.A, Honeywell Process Solutions (HPS), Itron Inc., Rotarex, and PietroFiorentiniS.p.a.

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Split Air Conditioning Systems Market Size and Share Estimation by 2026

According to a new market report published by Transparency Market Research titled ‘Split Air Conditioning Systems Market (Equipment Type – Mini-split, Multi-split, VRF, and Floor Ceiling); (Application – Residential and Commercial); (Distribution Channel – Online and Offline; (Offline – Conventional Stores and Company-owned Stores); (Conventional Stores – DIY Stores, Specialty Stores, and Supermarkets); (Company-owned Stores – Dealers and Installers)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global split air conditioning systems market is expected to reach US$ 186,574.2 Mn by 2026, expanding at a CAGR of 4.5% from 2018 to 2026. In terms of volume, the market is expected to reach 114,402 ‘000 units by 2026, expanding at a CAGR of 3.6% from 2018 to 2026. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

The air conditioning system market in Asia Pacific is the largest in the world. Split air conditioners hold a major market share in the air conditioning system market of Asia Pacific. Hot climate, rise in disposable income, changing lifestyle, and rise in residential construction across the Asia Pacific region is increasing the demand for split air conditioners. China is the largest market for split air conditioner systems in the world. In China, split air conditioners dominate the air conditioning system market.

Among split air conditioners, mini-split air conditioners hold a major share in the market. Japan and India are other important split air conditioning markets in Asia Pacific. India is the third largest split air conditioning system market after China and Japan. Compared to window air conditioners, split air conditioners dominate the room air conditioner market in India. The market share of split air conditioners has risen from 42.0% in FY06 to 85.0% in FY18. Penetration of room air conditioning systems in India was 4.0% in FY18 as per the Investor Presentation of Blue Star Limited.

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Europe is the second largest split air conditioning system market in the world. Split air conditioners dominate the market in Europe and among split air conditioning systems, mini-split air conditioners hold a major share in Europe. Russia is the largest split air conditioner market in Europe. Other major split air conditioner markets in the region are France, Spain, Italy and the U.K. Increasing demand for VRF (Variable Refrigerant Flow) air conditioners, which are comparatively costly than other type of split air conditioners is driving the Europe split air conditioning system market demand.

In North America, split air conditioners hold a minor share in the overall air conditioning system market. Mini-split air conditioners hold a major share and the segment is expected to expand over the forecast period. VRF systems are highly energy efficient split air conditioning systems. VRF systems observe high demand in the U.S., which is increasing the overall demand for split air conditioning systems in North America. Canada is an important split air conditioning market in North America.

The Middle East &  Africa (MEA) split air conditioning system market is the fourth largest in the world. GCC and Nigeria are major markets in the MEA split air conditioning system market. GCC region is experiencing a change in the air conditioning market. The region intends to reduce its energy consumption as indicated by the decision taken by the Dubai Supreme Council of Energy, the UAE which focuses on reducing energy demand in the UAE by 30.0% by 2030. As air conditioning systems are major energy consumers, energy efficient air conditioning systems are preferred in GCC. This is leading to high growth in demand for VRF systems across GCC which is increasing the overall demand for split air conditioning systems in the MEA region.

The South America split air conditioning system market is the smallest in the world. Brazil is the largest and most significant split air conditioning system market in South America and the market is expected to grow moderately over the forecast period.

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The study provides a conclusive view of the global split air conditioning systems market by segmenting it in terms of equipment type, application, and distribution channel. In terms of equipment type, the global split air conditioning systems market has been classified into mini-split, multi-split, VRF, and floor ceiling. Based on application, the market has been segmented into residential and commercial. Based on distribution channel, the market is segmented into online and offline. The offline channel is further segmented into conventional stores and company-owned stores. The conventional stores distribution channel is further divided into DIY stores, specialty stores, and supermarkets. The company-owned stores distribution channel is divided into dealers and installers.

The report highlights major companies operating in the global split air conditioning systems market that include Daikin Industries, Ltd., United Technologies Corp., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, Midea Group Co., Ltd., Samsung Electronics Co., Ltd., Hitachi, Ltd., Sharp Corporation, and Lennox International Inc.

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Lightning Protection Products Market Development and Forecast by 2026

Lightning is one of the natural most destructive and powerful phenomena that causes major problems to various industries such as buildings destruction, and damage critical electronic systems. In order to serve these issues companies are developing novel lightning protection products to serve consumer needs. Lightning protection products delivers complete protection against lightning risk, safeguard critical equipment along with transient overvoltage protection with an effective, low resistance route from lightning protection system to earth. The function of lightning protection products is to intercept, conduct, and disperse of lightning strike safely to earth surface and without such products building structure, electrical systems are all at high risk.

Lightning protection products can prevent from lost or destroyed data, repair work mainly costly for remote or unmanned installations, equipment damage, loss of essential services, and fire & electric shock hazards. The main components of lightning protection systems are rods, cables, and air terminals which work together to carry immense current away from the structure, prevents from fire, and most appliance damage.

Lightning Protection Products Market: Drivers and Restraints

Lightning protection products market are witnessing maximum growth owing to growing concern of damage to building materials & appliances through direct lightning strikes, expanding number of smart homes through advance technology, provides protection against high voltage spike and current generated through lightning, and increase in demand for customized products.

Moreover, growing adoption of lightning protection products among various end user such as water treatment, nuclear power plants, utilities, warehouses, airports, military, residential area, and healthcare along with developing telecommunication facilities and rising pressure from regulatory bodies to protect commercial facilities such as schools, office, healthcare facilities, and many more are some of the factors that can boost the demand for lightning protection products over the forecast period. However, any product defect, stringent government regulations across different regions, and rising industrial standards may hamper the growth of lightning protection products market in near future.

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Lightning protection products market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well in the near future owing to the fact that it protect building & its occupants from lightning strikes, minimize the business disruption, and prevent expensive electronic appliances from damage.

Moreover, growing urbanization, demand for technically advanced lightning protection products, and rising adoption of photovoltaic are some of the factors that can accelerate the market revenue growth of lightning protection products during the forecast period. Based on application, industrial application is anticipated to grow at the fastest CAGR over the forecast period attributed to expanding manufacturing, construction activities coupled with increase in utilities such as power stations and mining industries events. Lightning protection products are also installed in various commercial facilities such as financial services institutions, office blocks, commercial centers, and showrooms.

Lightning Protection Products Market: Region-wise Outlook

Depending on the geographic region, lightning protection products market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. North America dominates the lightning protection products market followed by Europe, and Japan owing to advanced technology, developed telecommunications and wireless sectors, high usage of electronic products in houses as well as commercial places, presence of key players in these regions.

Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth in terms of rise in awareness among people, rapid urbanization, expanding public service facilities and industrialization, growing safety standards, rising demand for electronic devices, and home automation technologies are some of the factors which strengthens the growth of lightning protection products market throughout the forecast period.

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Lightning Protection Products Market: Key Players

Some players of lightning protection products market are Pentair Plc., Harger, Inc., Alltec Corporation, A. N. Wallis & Co Ltd., Fatech Electronic Co., Ltd., NexTek, Inc., AXIS Electrical Components (India) Pvt. Ltd., , K.M.L.Technology Co., Ltd., MTL Instruments Group, Lightning Protection International Pty Ltd.

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.

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Automotive Fleet Market By Product Type, Industry Application And Future Technology 2025

Automotive fleet is a group of vehicles which is owned and managed by a government organization or a private company. At times, the government organization or private company governing the automotive fleet also prefers to lease the vehicles.

Rising industrialization is fueling the demand for a large number of high capacity vehicles for large-scale transport and shipment of goods and services in several countries across the world. This is expected to drive the automotive fleet market during the forecast period. The entry of several companies into fleet management and service business and increasing government investments in the automotive fleet management sector are anticipated to further fuel the automotive fleet market in the near future.

Companies are strategically utilizing their fleet of vehicles as a means to gain public exposure by placing logos and advertisements on each vehicle. Increasing technological advancements such as vehicle-to-vehicle connectivity, also known as “platooning” of vehicles, and increasing efforts by OEMs to develop and introduce autonomous vehicles on the road are anticipated to boost the automotive fleet market during the forecast period.

However, maintaining an entire fleet of vehicles requires high cost and space. This is anticipated to hamper the automotive fleet market during the forecast period. Furthermore, rising sales of vehicles in the retail segment is expected to restrain the automotive fleet market in the near future. Unplanned short order production cycles by OEMs lead to a shortage of supply of commercial fleet vehicles, primarily trucks. This creates a gap between the demand and supply of fleet vehicles, especially trucks. This is anticipated to hinder the automotive fleet market during the forecast period.

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The global Automotive Fleet Market can be segmented based on vehicle, type, nature of fleet, electric vehicle, and region. In terms of vehicle, the automotive fleet market can be classified into passenger vehicles and commercial vehicles. The commercial vehicles segment can be further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. The heavy commercial vehicles segment is anticipated to expand at a rapid pace during the forecast period owing to the increased leasing of heavy-duty trucks for transport of materials and services across the world.

Based on the type, the automotive fleet market can be divided into ownership and leasing. The leasing segment is anticipated to expand at a rapid pace during the forecast period, since owning an entire fleet of vehicles requires considerable investment. An automotive fleet is usually owned by government organizations and associations.

Based on nature of fleet, the automotive fleet market can be segmented into goods & services carrying vehicles and passenger carrying vehicles. The goods & services carrying vehicles segment is expected to expand at a high growth rate owing to the rising demand for transportation of goods & services across the world, due to the rapid industrialization in various regions across the world.

Based on electric vehicles, the automotive fleet market can be segregated into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). The hybrid electric vehicles segment is anticipated to expand at a significant growth rate during the forecast period, since HEVs combine the conventional internal combustion engines (ICE) with the electric propulsion systems. The electric propulsion system aids in improving the fuel-efficiency of the vehicle.

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Based on geographical region, the automotive fleet market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to lead the automotive fleet market during the forecast period owing to the rapidly increasing demand for fleet vehicles for transport of goods & services in the region and the developed economies in this region, which promote the maintenance and management of automotive fleets.

Key players operating in the global automotive fleet market include ARI, Element Fleet Management Corp., LD Automotive Pvt. Ltd., Midas International Corporation, Enterprise Fleet Management, and BBL Fleet.

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