Exclusive Report on Pet Dietary Supplement Market 2021

Transparency Market Research delivers key insights on the global pet dietary supplement market. In terms of revenue, the global pet dietary supplement 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 pet dietary supplement market.

The global pet dietary supplement market is broadly affected by several factors, such as the pet humanization phenomenon across the globe and increase in the pet population, which is propelling the global market for pet dietary supplements.

Pet Dietary Supplement Market: Dynamics

In terms of pets, the pet dietary supplement market has been segregated into dog, cat, horse, and others. The demand for pet dietary supplements for dogs is higher globally. Based on supplement, the pet dietary supplement market has been divided into glucosamine, omega 3 fatty acids, probiotics & prebiotics, multivitamins, antioxidants, protein & peptides, and others. Glucosamine, multivitamins, omega 3 fatty acids, and probiotics & prebiotics segments are the most common across the globe. Based on ingredient, the market has been classified into fish, meat & animal derivatives; dairy products & eggs; vegetables; cereals & cereal byproducts; and others (sugars, ascorbic acid, etc.).

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In terms of form, the pet dietary supplement market has been categorized into tablets & capsules derivatives; soft gels & gummies; liquids; powders; and others (sticks, etc.). Liquids as a segment has dominated the pet dietary supplement market in recent years and is likely to continue to dominance in the near future. Pet supplement, in the form of liquids, can be easily mixed into a pet’s meal.

Based on application, the pet dietary supplement market has been divided into skin & coat, joint health, liver, gastrointestinal tract, kidney support, balanced diet, and others. Joint health and skin & coat are the major application areas where pet dietary supplements are most commonly used. These two segments cover the major share of the pet dietary supplement market across the globe. In terms of distribution channel, the pet dietary supplement market has been bifurcated into online and offline. The offline segment dominated the market in 2020, owing to the preference of consumers to experience the quality of the product physically before purchasing it.

Stakeholders in the pet dietary supplement market are unlocking growth opportunities in the professional animal industry. Competitive animals such as racehorses and search & rescue dogs require special nutrition. Hence, manufacturers are increasing their R&D efforts to tailor specialty formulations for the professional animal industry.

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The high supplementation diet is being preferred for animals in the professional animal industry. Such diets are associated with high values of erythrocytes and hemoglobin in dogs as compared to those receiving low supplementation diet. Companies in the pet dietary supplement market are increasing the production capacities to offer high supplementation diet to pets, which holds promising potentials to boost in energy production of professional animals. Protein-based fortification and supplementation are effective ways to meet dietary needs of professional animals.

Companies in the pet dietary supplement market are witnessing an explosion in online sales through websites such as Amazon and pet-specific shopping sites. Pet owners are using the Internet to become more informed about pet care. Manufacturers are gaining a strong research base in latest ingredients that have the potential to meet pet’s changing health and wellness needs.

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Commercial Seaweed Market Status and Business Outlook 2021 to 2025

Seaweed farming refers to the practice of harvesting and cultivating seaweed. Commercial seaweeds are very rich in minerals and vitamins. These vitamins and minerals are copiously used in a wide array of healthcare, personal care products, and foods. Seaweeds are kind of edible algae that come with extensive use across the food industry. The global commercial seaweed market is likely to witness sluggish growth over the timeframe of the forecast, from 2017 to 2025. Augmented demand for seaweed-based food items is forecasted to propel the growth of the global commercial seaweed market

DuPont de Nemours, Inc, CP Kelco, Cargill, Incorporated, Seasol international, Seawin Biotech Group Co., Ltd, and Acadian Seaplants Ltd. are some of the prominent companies found in the global commercial seaweed market.

Analysts at Transparency Market Research have prepared an all-inclusive report on the global commercial seaweed market for the period of 2017 to 2025. Utilizing extensive methods of research, experts at TMR have prophesized that the global commercial seaweed market is likely to witness moderate growth rate.

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Popularity of Seaweeds to Fuel Growth in Asia Pacific 

Based on the regional segmentation, the utilization of seaweed as a delicious food item has a strong footprint in Asian countries like South Korea, Japan, and China. The demand for seaweed has also spread into the regions of Europe, Latin America, and North America. These days, however, seaweed is cultivated in almost all of the continents. Canada, Mexico, and the US are likely to witness considerable growth over the tenure of assessment, from 2017 to 2025.

It is prophesized that Asia Pacific commercial seaweed market will rise at a sound rate of growth of the period of assessment. Such growth of the market is owing to its extensive cultivation of commercial seaweeds.

High Content of Vitamins and Minerals to Open Up New Avenues of Growth

Seaweeds are a rich source of minerals and vitamins, which plays an important factor of growth for the global commercial seaweed market in years to come. Agriculture is a vital segment for the sustenance of livelihood for human beings. It is also important for maintaining the stability of the global economy. It is extremely important to cater to the increasing demand for food and to meet up with the future requirement of food. Increasing global population has put tremendous pressure on food production. Such a rise in demand for food is likely to propel the growth of the global commercial seaweed market during the period of review.

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Technologies in the food industry coupled with various innovations have emerged supporting the agriculture sector. These innovations and technologies have made a foray into the cultivation of seaweed as well. Integration of advanced technologies plays an important role in the expansion of the global commercial seaweed market. Furthermore, increased application of commercial seaweeds in healthcare, animal feed, and fertilizers are expected to drive the market over the assessment tenure. The popularity of various seaweeds extracts like alginate, carrageenan, and agar has emerged as an important growth factor for the global commercial seaweed market.

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Aircraft Engines Market Overview, Scope and Advancement Outlook Till 2027

The worldwide aircraft engines market is anticipated to draw a good amount of demand attributable to the rising requirement of cutting edge private and commercial aircrafts, states Transparency Market Research (TMR) in a research report. This might be a direct result of the foray of new aircraft organizations into the market and network development of the firms as of now working in the market. The continuous need to take over from or supplant outdated aircrafts is another factor promoting demand for aircraft engines.

GE Aviation’s launch of the M601H-80 Turboprop Derivative Engine II-49 and other new engines with different pattern on account of constant thrust on innovationss is expected to bring more sales in the market. Similar efforts by other leading players in the market for aircraft engines is also predicted to benefit growth and intensify competition.. The players operating in the market are Honeywell Aerospace, Safran. MTU Aero Engines, IAE International Aero Engines, Engine Alliance, CFM International, Pratt & Whitney, GE Aviation, and Rolls-Royce plc.

The worldwide aircraft engines market is anticipated to gain a value of US$92.3 bn by2022-end at a CAGR of 6.4%. In 2017, the market pulled in a revenue of US$67.8 bn. As far as application is concerned, the market is classified into general, military, and commercial. Out of these applications, commercial is anticipated to display a commanding revenueof US$46.0 bn by 2022-end. It could exhibit a 6.7% CAGR and rise by about US$2.5 bn every year. The different products in the global market for aircraft engines are turboprop, turbofan, and turboshaft.

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Region-wise, North America is expected to command  a titanic share in revenue. By the end of 2022, this region could acquire a valuation of US$41.2 bn. Japan, will likely rise at a sluggish pace to rake in a revenue of US$5.8 bn by the end of the forecast period.

Need for Advanced Mechanical Inputs to Benefit Market in Long Run

An aircraft engine is the piece of the impetus system for an aircraft used to create mechanical power. In an aircraft motor, air is attracted at the front through a gulf, packed by a fan, blended with fuel and combusted, and after that expunged as hot, quick moving fumes at the back, which propels the plane forward.

The need for shorter journey time is driving innovation in the aircraft engine market.;

Growing Air Traffic to Play Key Role in Market Development

The worldwide aircraft engines market is anticipated to sustain its development in the face of growing air traffic.The demand for fuel-proficient aircrafts is forecasted to rise in the backdrop of stringent laws being framed to protect the environment.

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Information provided in this review is obtained from a TMR report, titled, “Aircraft Engines Market (Application – Commercial, Military, and General; Product – Turbofan, Turboprop, and Turboshaft) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”

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Aircraft Ignition System Market Analysis, Status and Business Outlook 2021 to 2026

According to a new market report published by Transparency Market Research entitled “Aircraft Ignition System Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global aircraft ignition system market was valued at US$ 1,862.8Mn in 2017 and is expected to expand at a CAGR of 5.8% from 2018 to 2026, reaching US$ 3,073.6 Mn by the end of the forecast period. This market growth can be attributed to the increasing number of aircraft deliveries across the globe arising out of increase in air traffic.

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Increasing number of aircraft deliveries across the globe to fuel market growth

One of the prominent reasons for the growth of the aircraft ignition system market is the spike in the number of aircraft deliveries across the globe. According to the General Aviation Manufacturers Association (GAMA) and Market Outlook Report by Boeing, aircraft deliveries of new airplanes is estimated to grow over 30,000 in the next couple of years. Furthermore, the increasing adoption of advanced technologies in aircraft ignition systems is assisting market growth across the globe.

Replacement of traditional Magneto Ignition Systems with Electronic Ignition Systems by key players a prevalent trend across regions

The key trend prevalent in the aircraft ignition system market is the replacement of traditional magneto ignition systems with electronic ignition systems. The traditional magneto ignition systems have enjoyed a greater market share during the last couple of decades. However, aircraft engine requirements are changing rapidly due to the advancements in aircraft technology. The new age electronics ignition systems offer compact form factor and better fuel efficiency in addition to increased reliability and reduced maintenance cost which is leading to its increased adoption.

Turbine segment to be the major revenue generating segment in 2026

Based on engine type, the market has been segmented into turbine engine and reciprocating engine. In 2017, the turbine engine segment garnered a greater revenue share and is expected to expand at a higher CAGR of 5.8% over the forecast period.  This growth can be attributed to the widespread use of turbine engines owing to their high performance and low maintenance cost.

Spark plugs to demonstrate an impressive growth rate over the forecast period

Based on components, the market has been divided into igniters, exciters, leads, spark plugs, and others. The exciters segment commanded major revenue share in 2017 due to its high price. This growth can be attributed to the frequent replacements of spark plugs.

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Asia Pacific to be the fastest growing region due to increased air traffic

In terms of global geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2017, Europe was the topmost revenue generating region followed by North America. The market in Asia Pacific is expected to grow at the highest CAGR from 2018 to 2026 owing to the increase in air traffic which is eventually leading to increase in the number of aircraft deliveries in the region.

Key players in the market focusing on research and development of innovative and technologically advanced products to gain competitive edge

Key players in the market are focusing on research and development activities for the introduction of innovative products into the market. This will help them gain a competitive edge and improve brand positioning in the aircraft ignition system market. The key players profiled in the global aircraft ignition system market include Electroair, Generation 3 Ignition, Meggitt PLC, Sky Dynamics Corp., SureFly Partners, LTD., TransDigm Inc. (Champion Aerospace Inc.), Unison LLC, and Woodward, Inc, among others.

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Ring Laser Gyroscope Market Scope and Advancement Outlook Till 2026

According to a latest market report titled “Ring Laser Gyroscope Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” published by Transparency Market Research, the global ring laser gyroscope market is expected to reach market value of US$ 948.3 Mn by 2026, expanding at a CAGR of 3.5% from 2018 to 2026. According to the research study, the Asia Pacific market is expected to register prominent CAGR of 4.9% during the forecast period propelled by growing demand from the defense and commercial sector and increasing demand for advanced inertial navigation systems in aircraft, naval ships, and submarines.

Increased demand for advanced navigation systems in aircraft applications and rapid growth of robotics and space vehicles is driving the global ring laser gyroscope market

Some of the major factors driving the global ring laser gyroscope market includes increased demand for advanced navigation systems in aircraft applications and rapid growth of robotics and space vehicles.There is a growing trend of using laser gyroscopes for developing and upgrading inertial navigation systems to incorporate better accuracy as compared to FOG based navigation systems or other satellite based navigation systems.

Additionally, ring laser gyroscopes have various advantages such as compact size and being lightweight (owing to extensive research and development during the last decade and ongoing R&D activities), which are suitable for aircraft application, thus finding increasing adoption in aerial applications. Defense organizations of major economies across the globe are investing to upgrade the existing defense vessels and in the development of new and advanced aircrafts, and unmanned vehicles. This is anticipated to passively drive the ring laser gyroscope market during the forecast period.

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Ring Laser Gyroscopes: Scope of the Report

The global ring laser gyroscope market has been segmented based on number of axis, application, and end-user. Based on number of axis, the market is segmented into single axis ring laser gyroscope, and multi axis ring laser gyroscope. According to TMR analysis, the single axis ring laser gyroscope segment is estimated to dominate the global market in terms of revenue, while multi axes ring laser gyroscope is anticipated to dominate the market in terms of growth rate during the forecast period. This is mainly due to increasing demand for multi axis ring laser gyroscopes in various commercial applications.

Based on application, the global ring laser gyroscope market is categorized into platform stabilization, missile navigation, aeronautics navigation, submarine navigation, and satellite navigation. Among the application segments, the aeronautics navigation segment is anticipated to be dominant, expanding at a CAGR of 3.4% during the forecast period. On the basis of end-user, the global ring laser gyroscope market is segmented into commercial, defense, and spacecraft. According to TMR analysis, defense segment accounted for the largest market share in 2017, contributing 51.7% to the global market.

Ring laser gyroscope is mostly employed in aircrafts, missiles, naval ships, and submarines, and in underwater and aerial unmanned vehicles in the defense arena. The geographical segmentation comprises North America, Europe, Asia Pacific, Middle East & Africa, and South America. According to TMR analysis, currently the ring laser gyroscope market is dominated by North America, whereas Asia Pacific is anticipated to reflect highest CAGR of 4.9% during the forecast period, propelled due to growing demand from defense and commercial applications in this geography.

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Global Ring Laser Gyroscope: Competitive Dynamics

The research study includes profiles of leading companies operating in the global ring laser gyroscopemarket. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. Some of the key players in the ring laser gyroscope market are Ericco International Limited, Heppel Photonics GmbH, Honeywell International Inc., Kearfott Corporation, Mitsubishi Precision Co., Ltd, Northrop Grumman Corporation, Optics Blazer AG, Safran Electronics & Defense SAS, Sperry Marine B.V, Teledyne CDL, Inc., and Xsens Technologies B.V. Various business strategies are being adopted by market leaders, focusing on business expansion by developing strategic partnerships to offer innovative solutions in the end-use market.

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OPGW Cable Market Regional Analysis and Global Forecast to 2026

According to a new market report published by Transparency Market Research entitled “OPGW Cable Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global OPGW cable market was valued at US$ 515.6 Mn in 2017 and is expected to expand at a CAGR of 5.07% from 2018 to 2026, reaching US$ 797.1 Mn by the end of the forecast period.

Growing demand for electricity from emerging economies expected to be the primary market driver

The OPGW cable market is primarily driven by the growing demand for electricity from the emerging economies, especially China and India. According to the International Energy Agency (IEA), about two thirds of the energy growth comes from countries in Asia such as India and China and electricity is one of the fastest growing forces for the end use of energy. As this rising demand for electricity is met, electricity utility companies will increase their transmission and distribution network to make electricity available to people across these regions.

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This will stir the demand for OPGW cables which would be deployed on the top of the towers to offer protection to power cables against faults, short circuit current, and lightening. However, the high cost of installation and upgrade of existing ground wire of OPGW cables might be a hindrance to the growth of the OPGW cable market. Nonetheless, the growing popularity and widespread adoption of OPGW cables by electric utility companies is anticipated to affect the OPGW cable market positively.

Growing demand for high speed internetcan be seen as a prevalent trend across regions

A key trend observed among various regions across the globe is the growing demand for high speed internet. High speed internet has been identified as an important tool for the economic progress of any country. A large number of consumers especially in growing economies such as India are switching to smartphones and driving the demand for high speed internet. For instance, in April 2018, the Department of Telecommunications (DoT) in India announced plans to increase the minimum speed requirement for internet services to be classified as broadband to 2 Mbps from the previous 512 Kbps, in the wake of the growing high speed internet demand.

220-500 KV segment to be the fastest growing throughout the forecast period

Basedon application, the globalOPGW cable markethas been segmented into below 220 KV, 220-500 KV, and above 500 KV. In 2017,the 220-500 KV segment was seen to be a major revenue generating segment. 220-500 KV segment includes the OPGW cables used along with the transmission lines carrying voltages in the range of 220 KV, 345 KV, and 400KV. The200-500KV segmentis expected to expand at a significant CAGR of 5.24% over the forecast period.

The market in Europe is projected to expand at a significant CAGR during the forecast period. Additionally, many key players in the cable industry are entering into strategic partnerships to improve their market presence and increase their client base.

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The OPGW cable market is gaining traction in the South America region due to the improvement in economic health of the region and increasing demand for internet and increased electricity generation. Additionally, various key players in the OPGW cable market are investing in the region for the installation of OPGW cable in transmission networks.

Prysmian Group, Fujikura Group, Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Sterlite Technologies Limited, ZTT International, and Tratos among others are some of the major players operating in the OPGW cable market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Key market players are establishing partnerships, entering into strategic M&A, and expanding to enhance their OPGW cable offerings worldwide.

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Force Sensor Market Supply and Demand with Size (Value and Volume) by 2026

According to a new report published by Transparency Market Research, the global force sensor market is projected to reach US$ 2,099.7 Mn by 2026, expanding at a CAGR of 4.2% from 2018 to 2026.The global market is expected to be influenced by a range of macroeconomic and industry-specific factors during the forecast period. Demand for force sensors is likely to be significant in Asia Pacific from 2018 to 2026.The market in the region is anticipated to expand at a CAGR of 4.9% during the forecast period.

Rising demand for force sensors in healthcare sector drives the market

Force sensors are hidden supporters in medical devices as they play a key role in many critical applications, most notably infusion pumps. The demand for force sensor depends on the growth of medical devices such as infusion pumps. Growth of infusion pumps will be driven by increasing occurrence of chronic diseases, geriatric population, and rising surgical procedures. Rising demand for infusion pumps and surgical instruments will drive the demand for load cells and this is expected to propel demand for force sensors during the forecast period.

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Global Force Sensor Market: Scope of the Report

The global force sensor market has been segmented based on measurement type, end-use industry, and region. In terms of measurement type, the global market has been classified into tension force sensor, compression force sensor, and both. The tension and compression force sensor segments are projected to account for the largest market share during the forecast period. In these sensors, transducers are used to measure tension and compression forces. For application with limited space or to measure small forces they are used in miniature design. These are mainly three types – load cells with internal or external threads, S-type force sensors, and flat sized force transducers.

Typical applications for these sensor types are for material testing machines, rope or elastic force measurement, etc. The tension and compression force sensor segment is driven by increase in adoption of sensors in medical, and material test­ing fields. Based on end-user industry, the global force sensor market has been categorized into oil & gas, automotive, medical, industrial, and aerospace & defense. Medical and automotive is the most important end user industry for force sensors followed by machinery, and pharmaceutical & biotech industries. Investments will continue in all these industries, but TMR expects to see especially strong investments in the automotive sector during the forecast period.

Attracted by this expanding market and underlying latent demand, several players are expanding their business through new product development and strategic mergers and acquisitions and partnerships with several industries. In 2017, HITEC Sensor Developments was formed by the merger of Hitec Sensor Solutions and Sensor Developments.

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The new company will offer a wide range of custom sensor solutions and services for load, force, pressure, torque strain, motion and temperature testing, as well as both in-house and on-site strain gaging and data acquisition and strain gage bonding. Some of the prominent players as identified in the force sensor market include Flintec Group AB, Dytran Instruments, Inc., HITEC Sensor Developments, Inc., Kistler Group, Honeywell International Inc., Futek Advanced Sensor Technologies, TE Connectivity, Tekscan, Inc., Sherborne Sensors Inc, Lorenz Messtechnik GmbH and ME-Meßsysteme GmbH. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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