Aircraft Synthetic Vision Market Growth, Revenue, Demand and Forecast to 2025

Aircraft synthetic vision system is an aviation technology that provides the database of runways, terrains, airports, obstacles, and flight plan information to build a virtual environment that corresponds to the real world. It combines this database with the computing platform, position sensor, and display to provide a computer generated perspective view to the pilot. This system helps to enhance the situational awareness of the pilot by providing a lucid image of the external environment during night time or low visibility conditions.

The aircraft synthetic vision system gives the pilot a very intuitive and natural view of the terrain features ahead. Thus, aircraft synthetic vision systems have enhanced the operational capability of aircrafts by reducing the chances of accidents. It consists of a low cost synthetic flight bag portable system which implements moving map, synthetic vision, and route planning in a single hardware and software package. Synthetic vision technology helps to reduce accidents which are caused due to loss of control, CFIT, and runway incursion.

The major factor which is driving the growth of the aircraft synthetic vision system market is the rising Controlled Flight into Terrain (CFIT). CFIT is an event in which an aircraft which is under pilot control accidentally flows into the water, ground, mountain, or any obstacle. In such conditions, pilots are generally unaware of the danger before it is too late. CFIT has led to constant safety improvements in commercial aircrafts and general aviation sectors, thereby increasing the demand for aircraft synthetic vision systems.

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The major cause of CFIT accidents is the lack of awareness of the surrounding terrain, while working in poor visibility due to bad weather or at night. With current cockpits, pilots rely heavily on paper charts in order to understand their ongoing operations with the nearby threatening terrain. For this purpose, pilots locate their position on the charts with the help of radio navigation aids, thereby projecting their relative location on the chart. This adds to the workload of the pilot, especially during descent landing and climb to cruise altitudes. Research activities conducted by NASA under the Aviation Safety Program (AvSP) are paving the way for aircraft synthetic vision systems.

The major opportunity for the market lies in the incorporation of more advanced and innovative technology in existing aircraft synthetic vision systems. This would facilitate aircrafts to work in more demanding environment conditions having very low visibility. Moreover, global positioning system (GPS) is expected to provide an alternative source of approach for navigating these aircrafts in future. Growing demand for synthetic surveillance systems (SVS) and rotorcraft platforms, growing retrofit market, and improved safety standard are also some of the drivers for market growth.

The aircraft synthetic vision system market is segmented on the basis of applications and geographical regions. Based on applications, the market is segmented into general aviation aircraft, business jets, rotorcraft, and commercial transports including both passenger and goods. Aircraft synthetic vision systems contribute to the use of cost-effective vision displays, global navigation, obstruction, terrain and airport databases. The application aircraft synthetic vision system to low-end general aviation (GA) aircraft will advance the existing technologies to control the GA CFIT and loss of control accidents.

Geographically, the market is expected to grow tremendously in the North America and Europe region due to growth of the aerospace sector along with regulations that necessitate aerospace companies to deploy enhanced vision systems in these regions. Asia Pacific is also expected to rapidly grow with China, Japan, India, and South Korea contributing majorly in this region.

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Various vendors are developing a new and improved range of SVS products for diverse aircrafts. Some of the key players in the aircraft synthetic vision system market include Honeywell International, Inc., Garmin Ltd., Hilton Software, ADB Airfield Solutions LLC, ATG Airports Ltd., Rockwell Collins, Astronics Corporation, L-3 Avionics Systems, Rockwell Collins, Universal Avionics System, Multi Electric Manufacturing Inc., Hilton Software, Aspen Avionics, Systems Interface Ltd, ForeFlight, SAAB Sensis, and Rockwell Collins, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Medium-voltage Switchgear Market Revenue Analysis by 2026

According to a new market research report on the medium-voltage switchgear market, published by Transparency Market Research, the global medium-voltage switchgear market is expected to reach value of US$ 8,395.0 Mn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 6.8% between 2018 and 2026.

Grid modernization to reform electricity transmission and distribution networks is driving the global medium-voltage switchgear market

From traditional electricity grids to smart grids, from power grids based on fossil fuels (such as coal and petroleum) to grids integrating renewable energy sources (such as solar and wind power), grid systems play a key role in the electricity sector. Resources such as coal and petroleum are not unlimited or renewable. The faster they are used, the quicker they would be depleted. Energy-saving methods can be attained through advancements in technology and development of new forms of power grids, while improving the production of renewable energy and reducing the emissions of greenhouse gases. Thus, increasing government initiatives for renewal of existing transmission and distribution networks along with grid modernization are expected to propel the demand for medium-voltage switchgear during the forecast period.

Medium-voltage Switchgear Market: Scope of Report

The global medium-voltage switchgear market has been broadly segmented in terms of voltage, insulation, end-use industry, and geography. In terms of voltage, the market has been classified into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV, and 28kV – 40kV. Among these, the 6kV – 15kV segment accounted for a major market share around 30% in 2017. The segment is expected to expand at a significant CAGR of 6.4% during the forecast period. Based on insulation, the medium-voltage switchgear market has been divided into air-insulated switchgears, gas-insulated switchgears, and others. The air-insulated switchgears segment held the leading share of the market in 2017.

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Air-insulated switchgears are extensively used in rural areas and favorable offsite terrains, where space, climatic conditions, seismic occurrences, and environment-related concerns is not an issue. In terms of end-use industry, the market has been classified into power plants, commercial sector, oil, gas and petrochemical, utility sector, paper & pulp industry, and others. In 2017, the utility sector segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 5.7% during the forecast period.

Based on region, the global medium-voltage switchgear market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global medium-voltage switchgear market in 2017, with China holding a major share of the market in the region. Demand for switchgears in China is primarily driven by increasing investments in electricity transmission and distribution networks across the country, renewal of faulty and aging electricity transmission and distribution networks, and rapid electrification in rural areas of the country.

The U.S. dominates the market in North America, owing to increasing usage of medium-voltage switchgears in various electrification projects in commercial and residential sectors across the country. Europe is also expected to contribute significantly to the global medium-voltage switchgear market in the next few years. The medium-voltage switchgear market in Europe is expected to expand at a CAGR of 6.3% during the forecast period.

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Global Medium-voltage Switchgear Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global medium-voltage switchgear market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players operating in the global medium-voltage switchgear market are ABB Ltd, Chint Group Eaton Corporation Plc., General Electric Hyosung Corp, Mitsubishi Electric Corporation, Powell Industries, Inc., Romac, Inc., Schneider Electric SE, and Siemens AG. Companies are focusing on expanding their business through strategic acquisitions and partnerships.

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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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