Meteorological Equipment Market Analysis and Forecast by Type and Application

 

• Meteorological equipment are those instruments or sensors which help to gauge the state of atmosphere in a given time. These equipment are developed and designed to function in any climatic zone under natural conditions, and helps to measure and record the values of meteorological elements. The equipment operates reliably, provides stable readings over a wide temperature range, and does not get affected by high wind and dust.

Key Drivers of the Global Meteorological Equipment Market

• Rising adoption of meteorological equipment is attributed to the increasing changes in climate patterns, as unpredictable climatic conditions creates an adverse impact on several industries.  This compels companies to deploy such systems which helps to improve their business conditions, which is a major factor contributing to the growth of the meteorological equipment market.
• Airlines, fisheries, agriculture, and defense industries require reasonable amount of accuracy regarding weather elements such as wind humidity, pressure, cloudiness, and temperature. Growing dependency of major businesses on climatic conditions is majorly contributing to the growth of the meteorological equipment market globally.

Factor Restraining the Global Meteorological Equipment Market

• Small and medium scale businesses in emerging countries do not measure climate risk while operating business activities, which is a major factor that can hinder the growth of the meteorological equipment market.

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Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global meteorological equipment market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the meteorological equipment market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the meteorological equipment market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America meteorological equipment market is segmented into Brazil, and Rest of South America.
• North America accounted for largest share of the global meteorological equipment market due to the presence of major manufacturers operating in the region. Extensive adoption of meteorological equipment in aviation and commercial industries is a prime factor driving the growth of the meteorological equipment market in North America.
• The meteorological equipment market in Asia Pacific is projected to expand rapidly during the forecast period due to the growing number of small and medium scale industries in the region that are mainly dependent on weather conditions. Moreover, agriculture is a major source of revenue for countries such as India and China which propels the demand for accurate systems to predict climate conditions. This is expected to propel the meteorological equipment market in the region.

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Key Players Operating in the Global Market

Companies in the meteorological equipment market are focusing on becoming more proficient and developing products with advanced technologies which will enhance their competitive advantage and market share globally. Companies are launching products which gives accurate climate forecast solutions which helps logistics and e-commerce industries in better supply chain management. All these factors help to propel the sale of meteorological equipment.

A few of the key players operating in the global meteorological equipment market are:

• Airmar Technology Corp.
• All Weather, Inc.
• Campbell Scientific, Inc.
• Columbia Weather Systems, Inc.
• Felix Technology Inc.
• G. Lufft Mess- und Regeltechnik GmbH
• Microteknik
• Morcom International, Inc.
• Skye Instruments Limited

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Shooting Ranges Market Business Outlook, Revenue, Trends and Forecasts 2030

Transparency Market Research delivers key insights on the global shooting ranges market. In terms of revenue, the global shooting ranges market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global shooting ranges market report.

In this market report, TMR predicts the increasing investment in shooting ranges across the globe to have a noteworthy impact on the overall shooting ranges market. Major defense forces are investing huge amounts to technologically enhance indoor and outdoor live fire training stations or shooting ranges to increase shooting efficiency of soldiers. This factor is also bolstering the growth of the shooting ranges market.

A shooting range is a premise, facility, or field designed specifically for shooter training, practice, or competitions. These are mostly operated by commercial spaces and military or law enforcement agencies in the form of outdoor and indoor spaces.

Key manufacturers of shooting ranges continuously focus on investment in research & development to introduce innovative solutions. Prominent players of shooting ranges are continuously engaging with their clients through customized solutions and after sales services. Likewise, the introduction of cost effective innovative solutions and advanced technology has forced manufacturers to focus on research and development to provide innovative products to the users. Additionally, the promotion of laser-based targets or virtual simulators in shooting range premises is projected to encourage the growth of the shooting ranges market in the upcoming years.

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The replacement of old ranges by technologically advanced shooting ranges for training of professionals, such as law enforcement, military, and security personnel, and other gun owners is likely to promote the shooting ranges market during the forecast period. In addition, end users having to meet government standards to maintain a safe environment in commercial and professional shooting range premises is encouraging owners to invest in innovative solutions, such as modular ranges, advanced components, and integrated solutions. This is also likely to drive the shooting ranges market in the near future.

In terms of type, the shooting ranges market has been segmented into indoor shooting ranges and outdoor shooting ranges. The indoor shooting ranges segment has been bifurcated into virtual simulators and targets. In recent years, the targets sub-segment is highly preferred by end users in shooting ranges for better shooting practice, which is likely to drive the market. Outdoor shooting ranges include moving targets and fixed targets.

Based on application, the shooting ranges market has been categorized into military and recreational. The rising preference for commercial shooting ranges by users for recreational activities, along with continuous investment in smart shooting solutions by defense forces for training of security personnel is fueling the growth of the shooting ranges market.

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Shooting Ranges Market: Prominent Regions

North America led the shooting ranges market in 2020, and the region is expected to retain its dominance during the forecast period. The rising preference for indoor and outdoor shooting ranges in developed countries, such as the U.S. and Canada is propelling the shooting ranges market. Apart from North America, Asia Pacific also significantly contributes to the growth of the global shooting ranges market. China, Japan, and India are considered major markets for shooting ranges in Asia Pacific. In addition, increasing participation of end users in shooting games, along with the presence of massive defense forces in the region is likely to create more demand for shooting ranges in Asia Pacific.

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Man-portable Anti-armor Weapons Market Regions, Type And Application, Forecast To 2025

The global market for man-portable anti-armor weapon is likely to see a positive growth over the coming years. According to a report by Transparency Market Research (TMR), a substantial 58% of the overall market revenue was held by the top four market players in 2016, making it a consolidated market. Yet, a number of small- and medium-sized enterprises are doing brisk business in regional markets, on account of their swiftly developing economies. The prominent players are expected to engage in the pursuit of valuable contracts from administrative and defense organizations in governments, who are constantly on the lookout for technologically advanced weapons and armor. Recently, Bharat Dynamics Ltd made a contract with the Indian Ministry of Defense to provide them with Milan-2T-Anti-tank guided missiles for the Indian Army. Prominent vendors in the global man-portable anti-armor weapons market are General Dynamics Corporation, MBDA Missiles Systems, Thales Group, Lockheed Martin Corporation, and Raytheon Company.

Our report predicts that the global man-portable anti-armor weapons market, which stood at US3.64 bn in the year 2016, will likely rise to US$6.38 bn by the end of 2025. Thus, over the forecast period from 2017 to 2025, the market in all probabilities will register a 6.5% CAGR.

Asia Pacific Region to Clock in Swiftest Growth Rate

While North America continues to dominate the market share in revenue since 2016, Asia Pacific is anticipated to witness a brisk growth rate. This could be attributed to the rising number of research and development activities being undertaken in the field of lightweight weapons in the region. Countries like India and China are heavily investing into developing anti-armor weapons of low weight. South Korea and other countries in the Asia Pacific expend vast amount of money in the procurement of man-portable anti-armor weaponry.

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Based on type, our report segments the overall man-portable anti-armor weapons market into anti-tank rifles, anti-aircraft missiles, recoilless rifles, and rocket propelled grenades. Among these, recoilless rifles are foretold to continue holding a substantial share in the market. The segment is expected to showcase a high growth rate among others. This significant demand could be on account of the rising utilization of these rifles in defense applications.

Research in Lightweight Weaponry to Propel Market Upswing

The surge in use of portable weapons in defense has increased considerably in the past few years primarily because of the increment in urban warfare. Such type of warfare demands mobility man portable weapon systems for rapid operations against the enemy station. Lightweight weapons provide significant anti-bunker, anti-tank, and anti-personnel capabilities to ground troops. This has, in turn, led to an increased focus on research and development activities aimed at the introduction of modern lightweight technologies to destroy armored tanks, vehicles, and aircrafts.

The swift increase in the defense budgets all over the world and the urgent need to fortify the law enforcement and defensive agencies are egging governments to invest heavily in the research and development of robust and advanced ammunition. In present times, defense budgets across the globe have increased significantly, leading to further upswing of the global man-portable anti-armor weapons market.

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This review is based    TMR’s report titled, ““Man-portable Anti-armor Weapons Market (Type – Anti-aircraft Missiles, Rocket Propelled Grenades, Anti-tank Rifles, and Recoilless Rifles; Technology – Guided Weapons and Unguided Weapons) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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Industrial Diamond Market Opportunities, Trends Analysis and Forecast Till 2024

Industrial diamonds possess several characteristics such as high wear resistance, corrosion resistance, strength, and thermal conductivity. Owing to these factors, their demand is high for various industrial purposes. Various studies indicate that about 80% of the global diamond produced is used for industrial applications. Synthetic industrial diamonds are preferred to natural diamonds as their physical properties can be modified according to requirements. Moreover, the issues related to human rights exploitation during the mining of natural diamonds is triggering the demand for synthetic diamonds.

The report provides a 360-degree view of the global industrial diamonds market. It does so by offering valuable insights into several critical parameters of the market including its dynamics, geographical landscape, technological developments, and competitive landscape. Information from a number of press releases, presentations, white papers, paid databases, and journals has been collected for compilation of this report.

Global Industrial Diamond Market: Drivers and Restraints

The burgeoning demand for abrasives for various purposes such as grinding, cutting, and polishing is among the primary factors driving the global industrial diamond market. Some of the major end-user industries are construction, transportation, automotive, and electronics. The flourishing growth of these industries is, therefore, working in favor of the growth of the market. Moreover, factors such as the development of new infrastructure along with repair of old highways and the growing production of automobiles are augmenting the market.

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The global industrial diamond market is highly influenced by the global economic conditions. Therefore, volatile prices can adversely affect the overall revenue generation of the market. Furthermore, the growth of the market is threatened by the presence of cheaper substitutes. Nevertheless, continuous research and development activities for lowering production costs and increasing application scope of industrial diamonds is creating ample growth opportunities for the market. The rising adoption of nanodiamonds in medical applications is likely to bode well for the growth of the market in the forthcoming years.

Global Industrial Diamond Market: Geographical Segmentation

On the basis of geography, the global industrial diamond market can be fragmented into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific will be a lucrative market throughout the forecast period, with China being a site of high growth rate. The growth of the region can be attributed to the improving economic conditions and increasing investments industrial and manufacturing activities in emerging countries such as China and India. Moreover, China is among the leading producers of synthetic industrial diamonds globally.

North America will be command a significant share in the market throughout the same period. The U.S. is expected to be a major contributor to the growth of the region. The growing demand for nanodiamonds is propelling the growth of the region. The growth of the Rest of the World region is driven by the rapid industrialization in Latin America. Brazil is one of the leading sources of natural industrial diamonds.

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Global Industrial Diamond Market: Competitive Landscape

Players in the global industrial diamond market are implementing nanoscience in their manufacturing processes in order to gain a competitive edge over their contemporaries. Some of the key players in the market are Applied Diamond Inc., Industrial Abrasives Limited, Advanced Diamond Solutions Inc., Diamond Technologies Inc., Hebei Plasma Diamond, Diamonex, Morgan Technical Ceramics, Scio Diamond Technology Corporation, Novatek, Sumitomo Electric, and Worldwide Diamond Manufacturers Pvt. Ltd.

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Automated Optical Metrology Market by Manufacturers, Regions, Type, Applications 2021

KLA Tencor Corporation, ASML Holding N.V., and Steinbichler Optotechnik GmbH, the three top providers of automated optical metrology services, collectively held a share of 39.4% of the market value in 2014, states Transparency Market Research (TMR) in a new report.

The key competitive strategy employed by most top players in the automated optical metrology market is driving company growth through constant product innovation and development. Transparency Market Research states that innovation for new products is a necessity in this market to maintain a strong foothold within its stiff competitive landscape. Apart from this, companies are also focusing on mergers and acquisitions. Close to half the market shares were held by regional players in 2014, and key players can look for opportunities in regional expansion through this fragmented set.

Industries Pull in Advanced Automated Optical Metrology Solutions to Comply with Measurement Standards

“The lack of measurement standardization within any industry can be extremely detrimental when it comes to trade,” states a TMR analyst. “As such, most industries are striving to keep up with the market growth by inculcating the measurement standards to ensure high quality of products that can be exported.”

Quality control, measurement, and inspection have thus become a core necessity in all manufacturing processes. The International Bureau of Weights and Measures is one such organization that is responsible for fixing measurement standards on an international scale.

All companies affiliated with these industries must adhere to these standards to ensure high quality product quality, therefore ramping up the demand for automated optical metrology.

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Lack of International Measurement Standards Hinder Automated Optical Metrology Players from Expanding Geographically

While industries follow their own measurement standards for quality control, each organization possesses its own set of standard measurements. Furthermore, these clustered measurement standards can also prove to be contradictory to other standards, causing significant confusion and loss of product manufacturing time.

Companies applying these non-standard measurement for international trade are the ones most hit. The lack of international measurement standards is therefore, something that needs to be resolved to improve the growth rate of automated optical metrology.

Automotive Industry Ups Demand for Automated Optical Metrology Systems

The global automated optical metrology market is expanding at a CAGR of 7.6% within a forecast period from 2015 to 2021 in terms of revenue. This revenue is expected to reach US$1,565.3 mn by the end of 2021.

The region with the largest revenue share in automated optical metrology is Europe. Its revenue is expected to reach US$479.6 mn by the end of 2021. North America and Asia Pacific are expected to be a close second and third respectively.

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The largest scope of use for automated optical metrology services is found in the automotive industry. The revenue generated by automated optical metrology players from the automotive industry by 2021 is expected to reach US$421 mn.

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Gantry Crane Market Analysis by Top Key Vendors and Forecast to 2030

Transparency Market Research delivers key insights on the global gantry crane market. In terms of revenue, the global gantry crane market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global gantry crane market.

The global gantry crane market is affected by several factors, including development of shipyards and ports, construction industry, and various end-use industries. Improvements in product offerings & services by manufacturers coupled with penetration in developing nations are expected to drive the gantry crane market during the forecast period.

Gantry Crane Market: Dynamics

The construction industry includes activities of civil engineering construction, specialist construction, and development and construction of residential and non-residential buildings. The construction industry has a direct impact on the global economy and other related sectors. The global construction industry is projected to rapidly grow during the forecast period. The overall outlook of the construction industry is positive. Population growth, need for infrastructural upgrade, and investment in renewables and telecommunication are set to drive the construction market, thus creating business for gantry cranes during the forecast period.

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Trade between nations is an important parameter for the development of a country’s economy. Around 70% – 80% of the trade is seaborne, and trade volumes have shown modest growth over the past few years. Globalization and production of complex industrial processes/products have increased the importance of ports in the supply chain. Thus, the development of ports during the forecast period is anticipated to drive the gantry crane market.

The cost of a gantry crane is determined by its type and lifting capacity. Greater the lifting capacity, higher is the price. Gantry cranes, which are used at shipyards and ports, are expensive, as they are used to lift heavy objects and cannot be replaced by other cranes. However, the use of gantry cranes in other industries can be replaced with other types of cranes, thus impacting its demand.

The demand for gantry cranes is likely to increase due to the growth of end-use industries. The market is dominated by a few major players; however, the emerging manufacturing sector will create ample opportunities for new players in the form of semi gantry and portable gantry cranes.

Gantry Crane Market: Prominent Regions

In terms of region, Asia Pacific is anticipated to be the most lucrative for the growth of the gantry crane market, followed by Europe, owing to increasing construction activities in the region. Asia Pacific led the gantry crane market in 2019, and is expected to show sustainable growth during the forecast period. Countries such as China, India, and Japan will contribute significantly to the expansion of this regional market. The primary driver for the growth of the gantry crane market in Asia Pacific is rising trading and construction activities due to the advent of smart cities and rapid urbanization. Middle East & Africa is also anticipated to experience promising growth in the gantry crane market during the forecast period.

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China accounts for a majority share of the Asia Pacific gantry crane market, followed by India. The demand for gantry cranes is projected to increase due to the ongoing One Belt One Road initiative. Many developing nations in Asia Pacific, which generate the demand for various products, are increasing trading and production capabilities. The construction sector is expected to witness fast growth, owing to a huge pipeline of infrastructure projects.

Germany accounts for a dominant share of the Europe gantry crane market, followed by the U.K. Regional markets continue to benefit from delegated powers and cooperative strategies to make investment decisions relevant to regional needs. Europe’s huge construction and engineering sectors with high-speed rail, highways, logistics, and technology are expected to drive the demand for gantry cranes during the forecast period. Stronger external demand, new wave of automobile demand, and stable business confidence are factors projected to fuel the growth of the gantry crane market across the region during the forecast period.

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Pharmaceutical Plastic Bottles Market Segments and Forecast to 2024

According to a research report by Transparency Market Research (TMR), a leading market intelligence firm, the U.S. pharmaceutical plastic bottles market is anticipated to experience a high growth rate in the coming years. The market demonstrates a highly fragmented and competitive business landscape, with a few players, such as Gerresheimer AG, AptarGroup Inc., Berry Plastics Group Inc., AptarGroup Inc., Alpha Packaging, and Amcor Ltd., displaying intense rivalry amongst them. The leading manufacturers of pharmaceutical plastic bottles have been concentrating on launching innovative products to remain significant in the competition. Going forward, they are expected to shift their focus towards incorporating latest technologies in their product portfolios in order to gain more and more traction. They are also projected to increase their investments in this market to capture more share in the years to come, states the research report.

The research report by TMR further states that the U.S. pharmaceutical plastic bottles market will register a steady growth at a CAGR of 4.10% over the period from 2016 to 2024. The main type of products in this market are dropper bottles, liquid bottles, packer bottles. Among these, the packer bottle segment is witnessing the most significant demand across the U.S. Researchers expect this scenario to remain so over the next few years.

These bottles find extensive application in the packaging of topical medication, droppers, oral care products, liquid, and e-liquid. The oral care product and the topical medication segments report the maximum demand for pharmaceutical plastic bottles and the revenue from these segments is likely to remain high in the years to come. Pharmaceutical companies and pharmaceutical packaging companies have surfaced as the prime end users of pharmaceutical plastic bottles in the U.S., notes the market study.

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“The increasing application of pharmaceutical plastic bottles for the packaging of oral medications is generating tremendous revenue in the U.S. pharmaceutical plastic bottles,” says a TMR analyst. Apart from this, the increasing focus of pharmaceutical bottle manufacturers on using recycled plastic, in a bid to minimize the harm to environment caused by plastic, is also influencing the growth in the U.S. pharmaceutical plastic bottles market positively.

Plastic bottles are highly cost efficient and cater to a number of applications in the pharmaceutical packaging industry. The ease of designing these bottles in a variety of shapes and sizes, as per their application, has fuelled their demand among pharmaceutical packaging companies, which is projected to boost the U.S. pharmaceutical plastic bottles market in the long run, states the research report.

Availability of Eco-friendly Substitutes to Hinder Growth Trajectory

Though the future of the U.S. pharmaceutical plastic bottles market looks bright, there are a few factors that may cause hindrance in its growth trajectory over the forthcoming years. Among those factors, the most important one is the easy availability of eco-friendly and viable substitutes, such as metal bottles and paper packaging products, in the market.

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However, the increasing applications of pharmaceutical plastic bottles for the packaging of chemical products and their rising demand in compounding pharmacies and medical and healthcare centers are projected to offer lucrative growth opportunities for the U.S. pharmaceutical plastic bottles market over the next few years. The convenience, plastic bottles offer over glass bottles, is also projected add to their demand in the pharmaceutical industry, thereby supporting the growth of the U.S. pharmaceutical plastic bottles market in the near future, states the research report.

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