Medium and Large Satellite Market – Qualitative Analysis on Demand 2026

The global medium and large satellite market for space industry was valued at US$ 171.92 Bn in 2017 and is projected to expand at a compound annual growth rate (CAGR) of over 4.1% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Medium and Large Satellite Market for Space Industry – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ This is mainly due to an increase in satellite projects across the globe, which is likely to boost demand for medium and large satellites. Moreover, huge demand for medium and large satellite across military reconnaissance and communication applications is expected to propel the market during the forecast period.

The global medium and large satellite market for space industryhas been segmented based on solution, mass, band, orbit, propulsion type, application, and region. Based on solution, the market has been divided into hardware, software, data processing, and launch service. By mass, the market has been categorized into 500 Kg – 1000 Kg (medium satellites) and above 1000 Kg (large satellites). By band, the market has been divided intoX-Band, K-Band, Ka-Band, and Others (Ku Band). In terms of orbit, the market is segmented into GEO (Geo-stationary Earth Orbit), MEO (Medium Earth Orbit), LEO (Low Earth Orbit), and HEO (Highly Elliptical Orbit).

By propulsion type, the market is divided into Chemical Propulsion and Electrical Propulsion. Electrical propulsion is further segmented into Electrothermal, Electromagnetic, and Electrostatic. In terms of application, the market has been segmented into navigation and mapping, communication, reconnaissance, and others (earth observation and remote sensing). Based on geography, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

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The electrical propulsion system segment anticipated to be highly lucrative during the forecast period

The Electrical Propulsion (EP) system is a technology that makes use of electrical power to accelerate a propellant by different possible electrical and/or magnetic means.The use of electrical power enhances the propulsive performances of the EP thrusters compared to conventional chemical thrusters. These reduce the mass of satellite and cuts down the launch cost. Hence, electric propulsion systems are expected to contribute to the growth of the market during the forecast period. Furthermore, there are three types of electric propulsion systems categorized according to the method used to accelerate the propellant: electrothermal, electrostatic, and electromagnetic. Electrothermal propulsion systems accelerate the propellant using heating, whereas electromagnetic and electrostatic propulsion systems accelerate the ionized propellant by means of magnetic field and electric field.

Communication application segment expected to hold a prominent share during the forecast period

In terms of application, the communication segment is anticipated to constitute a significant share in 2018. The segment is expected to be driven by factors such as the rising demand for next generation communication systems.This can be further attributed to the requirement for higher bandwidth to provide faster Internet, broadcasting, and radio services. Medium and large satellites can be used to provide robust and sophisticated secure communications network in the military sector. Additionally, satellite communication technology has been used as a means to connect to the internet via broadband data connections from remote areas and hence contributes to the growth of the market.

North America holding a prominent market share

In terms of geography, the global medium and large satellite market for space industryhas been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to hold a significant share of the market over the forecast period followed by Europe and Asia Pacific. This is primarily due to the United States. Early technology penetration and high space budgets are some factors that provide dominance to the region. Further, the market in Asia Pacific is anticipated to grow at a significant pace in the near future due to the contribution from countries such as India, Japan, Indonesia, and China providing launch facilities for medium and large satellites.

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Some of the prominent players identified in the medium and large satellite market for space industry include Gomspace, Lockheed Martin Corporation, SES SA, Inmarsat PLC, Airbus D&S, SpaceX, DigitalGlobe, UrtheCast, AMOS Spacecom, and EchoStar Corporation.

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Thermoelectric Module Market Overall Study Report Analysis 2021-2027

According to a new market research report titled ‘Thermoelectric Module Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019–2027,’ published by Transparency Market Research, the global thermoelectric module market is expected to reach value of US$ 1,713.9 Mn by 2027, expanding at a CAGR of 11.7% from 2019 to 2027. According to the report, the global market is expected to be influenced by a range of macroeconomic factors, such as GDP and market trends, during the forecast period. In terms of demand, Asia Pacific is projected to lead the global market in the next few years. The market in the region is likely to expand at a CAGR of 12.1% during the forecast period.

Advantages offered by thermoelectric modules over conventional products to drive the global thermoelectric module market

The global thermoelectric module market is projected to expand at a significant growth rate during the forecast period, owing to advantages offered by thermoelectric modules over conventional products across the world. Large thermoelectric systems have been built for special applications such as railroad cars, cooling within submarines, and semiconductor manufacturing. Presently, thermoelectric systems with high power are being preferred in the market. Thermoelectric systems with their capacity ranging from 200 Watt to 400 Watt are being commonly used in various sectors such as automotive and industrial.

Global Thermoelectric Module Market: Scope of Report

The global thermoelectric module market has been broadly segmented based on technology, material, type, application, end-use industry, and region. In terms of technology, the market has been segmented into single stage and multi stage. Among these, the single stage segment holds a significant share of the market and it is anticipated to expand at a CAGR of 11.4% during the forecast period. Based on material, the market has been classified into bismuth telluride (Bi2Te3), lead telluride (PbTe), silicon germanium (SiGe), and others.

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Among these, the bismuth telluride segment held a prominent i.e. 39.9% share of the global thermoelectric module market in 2018. It was followed by the lead telluride segment. In terms of type, the global thermoelectric module market has been divided into bulk (standard) TEM, micro TEM, and thin-film TEM. Among these, the bulk (standard) TEM segment held a significant share of the global market in 2018. It is expected to expand at a CAGR of 11.5% during the forecast period.

In terms of application, the market has been categorized into analytical instrumentation, automotive electronics & safety systems, refrigeration & cryogenics, thermal cycling, detectors, and others. The refrigeration & cryogenics segment held a major share of the global market in 2018. It is anticipated to expand at a CAGR of 11.2% during the forecast period. Based on end-use industry, the market has been segmented into aerospace & defense, automotive, consumer electronics, healthcare, food & beverages, energy & utility, and others. Among these, the consumer electronics segment held a significant i.e. 33.5% share of the global market in 2018. In terms of region, the global thermoelectric module market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In terms of revenue, Asia Pacific held a leading share of the global thermoelectric module market in 2018. The market in the region is anticipated to expand at a CAGR of 12.1% during the forecast period. Use of advanced thermoelectric materials for the manufacture of thermoelectric modules has led to rise in the adoption of thermoelectric modules in the region. In terms of revenue, China holds a major share of the thermoelectric module market in Asia Pacific, followed by Japan. Moreover, in terms of revenue, the market in India is anticipated to expand at a significant CAGR of 12.7% between 2019 and 2027.

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Global Thermoelectric Module Market: Competition Scenario

The research study includes profiles of leading companies operating in the global thermoelectric module market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global market are Crystal Ltd., Ferrotec Corporation, GENTHERM, II-VI Marlow Incorporated, KELK Ltd., KRYOTHERM, Laird Technologies, RMT Ltd., TE Technology, Inc., TEC Microsystems GmbH, Thermion Company, Thermonamic Electronics (Jiangxi) Corp. Ltd., and TOSHIBA MATERIALS CO., LTD.

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Electric Motor Market Trends, Regulations And Competitive Landscape Outlook to 2028

Electric motor has been an integral part of various machineries such as heating equipment, refrigerator, cooling equipment (HVAC), water pumps, and others. Hence, it is widely used in multiple industry verticals such as motor vehicles, home appliance, and industrial machinery among others. Further innovations in motors have increased the operational insulation, safety, and functionalities of motors. As a result, electric motors have been adopted in different industries. This, in turn, is enhancing the growth in electric motor market.

Further, growing concerns pertaining to energy consumption and impact of generation of energy using conventional energy source are driving demand for electric motors. Rising demand for efficient energy is resulting in expansion of electric motor market in coming years.

On the other hand, lack of awareness about usage of electric motor is limiting its use in small and medium enterprises. Consequently, growth of electric motor market is getting hampered.

The upcoming report on electric motor market provides insights about various segments and trends, which are projected to contribute to expansion of global electric motor market in between 2019 to 2027. It talks about several factors likely to affect growth of the market during forecast period.  Further, it provides details about the anticipated regional contribution to the global electric motor market.

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Electric Motor Market: Notable Developments

Automotive sector is expected to witness major change in the duration of forecast period, owing to introduction of electric vehicle. Electric vehicles are widely adopted in various regions across the globe, in order to combat greenhouse emissions and regulate carbon footprint. Further, stringent government policies are also supporting the adoption rate of electric vehicles.

Electric motor, being an indispensable component of the vehicle, will also be required in large numbers. Hence, electric motor market is anticipated to witness significant growth in coming years.

Further, investment on power generation machineries to combat rising demand for electrical energy is rising. Green power generation methods are required to sustain development across the globe. At present, application of electric motor contribute approximately 40% of the global energy demand.

This, in turn, is likely to boost demand for electric motor. As a result, global electric motor market is anticipated to witness enormous growth during forecast period.

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Some of the key players in global electric motor market are

• Siemens AG
• Toshiba Corp.
• ABB Ltd. Rockwell Automation
• AMETEK Inc.
• Hitachi
• Johnson Electric Holdings Limited

Electric Motor Market: Key Trends

Rising fuel prices and depleting conventional energy sources are entailing people to shift to non-conventional fuel alternatives. Electric vehicles are manufactured to meet the demand for energy efficient vehicle. Also, these will help reduce greenhouse emission and carbon foot print.

Upsurge in production of electric vehicles is expected to influence the demand for electric motors. As a result, electric motor market will grow subsequently.

Electric Motor Market: Regional Analysis

In 2018, Asia Pacific dominated global electric motor market, owing to high adoption rate of electric motor in various industries. The adoption rate is likely to increase. As a result, it is anticipated that the region will dominate the market during the forecast period.

Industries such as automotive, petrochemical, fertilizers, and chemical are booming in Asia Pacific. This, in turn, is likely to present enormous growth opportunity for global electric motor companies.

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Concerns pertaining to pollution due to industrial concern is rising. As a result, people are switching to clean energy. Hence, they are widely adopting energy-efficient electric motors.

Sale of electric motors has increased significantly. Increasing sale is attributed to favorable government policies. The electric motor market is anticipated to witness similar growth rate during forecast period, as China is one of the biggest market for electric vehicles.

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Commercial Fluorescent Lighting Market Segmentation and Opportunities Forecast to 2029

Fluorescent lighting is a device that uses set of chemical reaction inside a glass structure for illumination. The reaction occurs between mercury vapour and gas. This results in emission of UV light. Further, the light illuminates the phosphor powder placed inside the enclosed glass structure. This, eventually, result in fluorescent light effect.

Energy efficiency and cost-effective product are key factors driving growth of the market value. The fluorescent lighting is adopted across the globe because of their high illuminating capabilities. Rapid industrialization is likely to act as a significant driving factor.

On the other hand, inflow of upcoming alternatives of lighting products and high instalment cost are likely to interfere with the growth rate of commercial fluorescent lighting market in coming years. In addition, adverse effect of commercial fluorescent lighting on human beings, surrounding environment, delay in achieving full brightness due to radio interference, and its inefficiency at extreme temperatures are some of the major challenges posing threat to expansion of the global commercial fluorescent lighting market.

The upcoming report on commercial fluorescent lighting market provides insights about various factors affecting growth of the market during forecast period (2019-2029). The market intelligence report also provides details about restraining factors that are likely to interfere with growth of commercial fluorescent lighting market.

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Commercial Fluorescent Lighting Market: Notable Developments

In May 2018, Acuity Brands Lighting inc. acquired IOTA Engineering LLC. The acquisition was done with aim to mark its presence in several regions. Also, the acquisition will aid to enhancement of smart lighting and building solutions.

Likewise, in April 2018, LEDVANCE Gmbh stated its acquisition by MLS. LEDVANCE. However, it will continue to operate as a German Gmbh. The company will be situated at the same headquarters. In addition, the acquisition will aid to widen product portfolio of both the companies and   enhance their product quality.

Some of the key players operating in the global commercial fluorescent lighting market are-

• Koninklijke Philips N.V.
• Visa Lighting
• Amerlux,
• LLC
• SORAA
• GENERAL ELECTRIC
• Semiconductor Co. Ltd.
• Technical Consumer Products Inc.
• Energy Focus
• Intematix Corporation
• Acuity Brands Lighting Inc.
• Hubbell
• Waldmann Group
• AFX Inc
• LEDVANCE GmbH
• Eaton

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Commercial Fluorescent Lighting Market: Key Trends

Advancement in lifestyle and rapid urbanization are key trends driving commercial fluorescent lighting market.  It is highly economical and provides higher lumen efficacy.  These are prominent factors pushing the adoption rate of fluorescent lighting.

Commercial Fluorescent Lighting Market: Regional Analysis

The commercial fluorescent market is widespread in North America, Latin America, Europe, Asia Pacific, and Middle East Asia Pacific. Latin America is likely to hold significant share in the global commercial fluorescent lighting market. The significance is attributed to growing industrialization, escalating demand for electricity, and growing population in the region. On the other hand, high installation cost and alternative products might affect the growth trajectory of the regional market.

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Further, Asia Pacific regional market seems to be a promising one. The market is likely to contribute significantly to growth of the global commercial fluorescent lighting market. Owing to growing urbanization, high electrification rate in developing economies, and rise in per capita income are likely to push the adoption rate of fluorescent lighting in the region.

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Programmable Stage Lighting Market Price Analysis 2021-2026

According to a new research report by Transparency Market Research (TMR), the global programmable stage lighting market is demonstrating a competitive vendor landscape, thanks to the presence of a large pool of participants. The degree of competition within this market is expected to increase substantially in the years to come, owing to the continual launches of innovative products.

Altman Lighting Co., Guangzhou Yajiang Photoelectric Equipment Co. Ltd., PR Lighting Ltd., Chauvet & Sons Inc., Martin Professional, Guangzhou GTD Lighting Technology Co. Ltd., General Electric Co., ADJ Products LLC., Clay Paky S.p.A., Brand Lighting, ROBE lighting s. r. o., and Robert Juliat are some of the key vendors of programmable stage lighting products across the world, reviewed in this research study.

As per the study, the global market for programmable stage lighting, which stood at US$1.19 bn in 2016, is expected to rise at a CAGR of 7.0% during the period from 2018 to 2026 and increase to a value of US$2.29 bn by the end of the period of the forecast. LED lights have been reporting a higher demand than any other type of programmable stage light and are expected to continue on the same path over the next few years. Strip lights have surfaced as the most favored product in this market and are projected to remain so in the years to come. North America led the global market in 2016 with a share of nearly 50%. Researchers anticipate the regional market to retain its position over the period of the forecast.

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Advancements in LED Technology to Support Market’s Growth

“The demand for programmable stage lights has increased significantly over the last two decade, thanks to the rising usage of such lights across the world for music events, stage shows, live in concerts, premier clubs, conference rooms, bars, theme parks, shops, and architectural environments,” says an analyst at TMR.

The market is likely to gain remarkably from the significant advancement in the LED technology over the next few years. The augmenting demand for smart wireless lighting controls is also expected to contribute positively to the growth of this market in the years to come, report the market study.

Availability of Cheap Lighting Products to Reflect Negatively on Market

On the other hand, the availability of cheap lighting products, especially in emerging economies, may limit the growth of the worldwide market for programmable stage lights in the near future. However, the shift of consumers in these regions towards LED-based programmable stage lighting is anticipated to normalize the impact of these restraints over the forthcoming years, states the research report.

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The review is based on a report by Transparency Market Research (TMR), titled “Programmable Stage Lighting Market (Light Type – Laser Light, LED Light, and Halogen; Product Type – Moving Head Lights, Strip Lights, and PAR Can Lights; Technology – Bluetooth and Wi-Fi; Application – Entertainment Places and Theatres) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026.”

Key Takeaways:

• LED lights have been reporting a higher demand than any other type of programmable stage light.
• Strip lights have surfaced as the most favored product in this market.

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Thin Wafer Processing and Dicing Equipment Market Opportunities with Investment Analysis By Top Players

Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp, Advanced Dicing Technologies, and Tokyo Electron Ltd. are operating in the global thin wafer processing and dicing equipment market.

According to TMR, the global thin wafer processing and dicing equipment market is likely to expand at a CAGR of 6.80% over the forecast period to attain a value of US$692.5 mn by 2024-end. The market had acquired a value of US$388.9 mn in 2015.

Based on the type, the blade-dicing segment dominated the global thin wafer processing and dicing equipment market and is expected to remain dominant by the end of the forecast period. However, the laser-dicing segment is expected to expand with the fastest CAGR over the predicted years. This growth of the market is attributable to the demand for the high-speed dicing coupled with superior breakage strength.

Based on the region, Asia Pacific accounted for the leading share of 64.2% in 2015 and is anticipated to remain dominant over the forecast period. This growth is due to growing semiconductor manufacturing along with growing industrialization in the region is boosting its adoption. However, North America held the second largest share in the thin wafer processing and dicing equipment market.

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Highest Applications in RFID to Propel Market Growth 

The thin wafer processing and dicing equipment market is gaining traction due to the incorporation of microelectronics across consumer electronics. The demand for technologies such as power devices and MEMS devices are boosting demand for the thin wafers. Additionally, this demand is boosting demand for better manufacturing processes, which is an important phase in the ultra-thin wafer manufacturing processes.

Additionally, the thin wafer processing and dicing devices have robust applications among radio-frequency identification devices (RFID) for wafer processing and dicing equipment. Some of the traditional methods are trying to lower the size of the wafer to make it suitable for RFID applications. As RFID requires the thin wafer as thin as 50 to 120 micrometers, the thin wafer processing meets this demand. GroRequest Sample For More Information@wing applications of RFID across identity solutions and consumer electronics is resulting in extensive the growth of the global thin wafer processing and dicing equipment market. Furthermore, RFID has widened its application across smart cards and other identification tags. These applications demand for a smooth surface with the thinned wafer, which is encouraging the use of the thin wafer processing and dicing equipment market.

Investment for Improvement in Wafers to Offer Lucrative Opportunities 

Further, growing advancements and lowering size of the wafers is boosting its application across chemical mechanical polishing (CMP). The wafers are increasingly integrated into processing mainly to the high-quality flat surface of the wafer. This is propelling growth of the global thin wafer processing and dicing equipment market. Nonetheless, growing investments for improvement in deposition systems and multiple designs from customers of numerous sectors is offering lucrative opportunities for growth of the thin wafer processing and dicing equipment market. Manufacture of the technologies based on radio frequency (RF) devices supporting to 4G and 5G wireless infrastructure is expected to offer opportunities for growth over the forecast period.

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This information is encompassed in the report by TMR, titled, “Thin Wafer Processing and Dicing Equipment Market (Application – Logic and Memory, Micro Electro Mechanical Systems (MEMS), Power Device, Radio Frequency Identification (RFID), and CMOS Image Sensor; Wafer Thickness – 750 micrometer, 120 micrometer, and 50 micrometer; Dicing Technology – Blade Dicing, Laser Dicing, and Plasma Dicing) – Global Industry Analysis, Trend, Size, Share and Forecast 2016 – 2024.”

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Air Bearings Market By Production, Manufacturer, Revenue Analysis And Forecast To 2027

Transparency Market Research delivers key insights on the global air bearings market. In terms of revenue, the global air bearings 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 air bearings market report.

In air bearings, the balls are replaced by a cushion of air. The most common application of air bearings is the hovercraft. Large fans blow underneath the hovercraft and the air is trapped under a flexible rubber ‘skirt’. This cushion not only supports the craft’s weight but also acts as a soft spring, which allows it to smoothly float over water or land. A similar principle is used by air bearings, where high pressure air is fed into the gap between stationary bearings and a rotational shaft. The gap is very small – around 1/100 of a millimetre, allowing the air pressure to be maintained within the bearing.

In this global air bearings market report, TMR predicts that, the aerostatic segment is expected to have a prominent share of ~ 56% in the global air bearings market, which was valued at US$ 4.3 Bn in 2018, and is expected to expand at a CAGR of ~ 7% from 2019 to 2027. Aerostatic bearings are preferred over the aerodynamic type, owing to their features such as high speed and higher acceleration during its operation.

This bearing can also support its entire designed load at zero speed. Aerostatic bearings can be used with low heat with accurate rotation. Additionally, aerostatic bearings are less rigid and are easier to handle smaller load capacities. Aerostatic bearings are useful in multiple applications such as micro-positioning, machining, and grinding that require frictionless superior performance at zero speed.

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Air bearings are commonly used to support linear variable differential transformer (LVDT) cores to improve reliability and reduce gauging forces. Aerostatic bearings do not suffer from friction-induced wear, and additionally, they have no starting and stopping friction. Aerostatic bearings are popularly used in grinding, machining, and micro positioning applications, where full performance at zero speed and the absence of friction is extremely vital.

Air Bearings Market: Prominent Regions

North America held the second-largest share in the air bearings market, accounting for 29.9% of the overall industry in 2018. Technological advancements and the flourishing automotive industry in this region are primarily driving the air bearings market. The industry competition for air bearings is high, and investment and technology thresholds in this industry are relatively high. The demand for air bearings for industrial machinery is also expected to be highly stimulated by rising global manufacturing activity, which helps increase associated fixed investment expenditures. The dominance of the automotive industry over the years in the U.S has resulted in a rise in the demand for air bearings. Moreover, investments in research and development have also led to the strong growth of the automotive and space aviation industry in the U.S.

Asia Pacific dominates the air bearings market, and is expected to grow at a CAGR of ~ 8%. The region accounted for a 34.1% share of the overall air bearings market in 2018. Growth in the Asia Pacific market is attributed to expansion of the aviation industry and rapid industrialization in the region. Manufacturers of air bearings that are required for the steel industry are concentrated in Japan, Europe, China, and North America. China is the largest manufacturer of bearings for the steel industry, followed by Europe and North America.

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Air Bearings Market: Key Players

Key players operating in the global air bearings market include Air Bearings Ltd., APG-Neuros, Bladon Jets, Capstone Turbine Corporation, Honeywell International Inc., Hovair Systems Inc., IBS Precision Engineering, LAB Motion Systems, Specialty Components Inc., SKF, Seagull Solutions Inc., R&D Dynamics Corporation, PI Nelson Air Corp, OAV Air Bearings, Mohawk Innovative Technology Inc., and Leuven Air Bearings NV.

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