Monday, 30 March 2020

Rise in Demand for Automated and Self-service Processes is driving the Global Smart Airports Market

  March 30, 2020    No comments
According to a new market report titled Smart Airport Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’ published by Transparency Market Research rise in demand for automated and self-service processes and increasing number of air passengers leading to high airport traffic are the major factors driving the smart airports market. Globally, the smart airports market is anticipated to expand at a CAGR of 13.0% during the forecast period from 2019 to 2027.
Smart Airport Market: Scope of the Report
The global smart airport market can be segmented –based on infrastructure, application, solutions and services. Based on infrastructure, the market can be classified into endpoint devices, communication systems, passenger, cargo and baggage handling, air traffic control systems, security systems, and others. The security system segment is anticipated to dominate the market in terms of investment during the forecast period.
The expansion of the security systems segment is likely to be driven by rising demand for biometric devices by airports for the identification and checking process. Based on solution, the market can be segmented into terminal side, airside, and landside. The expansion of the terminal side segment is expected to be driven by rising demand for digital video surveillance and management solutions by airports to enhance the security and productivity of the workplace. In terms of application, the market can be split into core and business application segments.
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Based on service, the smart airport services market can be classified into smart transport and parking, smart retail, hospitality, and entertainment, smart workplace, smart airport processes, and smart business-to-business services. The smart airport processes segment is expected to expand owing to high demand for location-based, terminal-side, and landside services. Moreover, the rise in penetration of smartphones and tablets is playing a major role in changing the outlook of smart airports. Effective customer service differentiation and cost reduction are the two main benefits provided by the presence of mobile check-in facilities.
Demand for automated and self-service processes is on the rise due to increasing number of passengers at airports and the rise in need for effectively managing airport operations. This is, in turn, driving the requirement for upgraded solutions that would ease and allow automation of the processes at airports. A majority of airports are now focusing on self-service solutions and adopting new technologies such as robotics kiosk, facial recognition, automated passport control, and others to manage airport operations effectively.
Companies are also introducing advanced technology solutions and systems in the market and are investing heavily in digital technologies and IT to provide value added services to customers. Rising demand for various technologically-advanced communication systems, non-aeronautical systems, and security systems is anticipated to boost the market over the forecast period.
Global Smart Airport Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global smart airport market. Some of the key players in the smart airport market are SITA, Amadeus IT Group SA, IBM Corporation, Vision-Box, Siemens AG, Honeywell International, Inc., CISCO System, Inc., Thales Group, ESA, S.A.S., and Lufthansa Systems GmbH & Co. KG. Business strategies being adopted by the market leaders are largely focused on business expansion by offering cost-effective ICT infrastructure to midsized airports including smart connectivity and improving airport experience, and enhancing the product and service offerings through R&D. Leading players are currently focusing on integrating products to create a new customer base. 
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Shift from Cash to Cashless Payment Driving Growth for Mobile Point-Of-Sale Solutions Market

  March 30, 2020    No comments
Innovative strategies are used by leading players operating in the global mobile point-of-sale market, observes Transparency Market Research. Competition among these players is also expected to rise mainly to strengthen their position in the global market. They are also expected to obstruct growth of small players. Moreover, prominent players are also using different organic and inorganic activities to get larger share and create their dominance among other players. For example, recently square and TouchBistro extended their collaborated to enable process payments. They used Square on the TouchBistro iPad mobile app across the UK. 
Other players are also taking substantial steps to increase their shareholding in the global mobile point-of-sale market. Oracle Corp., PAX Technology Ltd., Ingenico S.A., PayPal Holdings Inc., VeriFone Systems Inc., iZettle AB, and First Data Corp. 
According to TMR analysis, the global mobile point-of-sale market is expected to rise at staggering 35.40% CAGR over the forecast period between 2017 and 2025. In terms of valuation, the market is likely to touch US$47.7 bn by the end of 2025. In 2017, the market earned US$4.2 bn. 
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Based on technology, the demand for EMV chip and pin, NFC, and hybrid technology solutions is comparatively high than others. This growth is attributed to the low cost of devices such as tablets, card swipe dongles, handheld terminals, as compared to cash and register systems. Moreover, higher rate of investment by using these technologies and ease of deployment led demand in these segments. With respect to geography, Europe held maximum share in the global mobile point-of-sale market in 2016. Over the forecast period, this region is likely to maintain to dominance.
Growing demand for mPOS solution by vendors for merchant-related services and significant rise in IoT based services has further led demand in this market. However, Asia Pacific and North America are also expected to hold substantial share in the market in the forthcoming years. Bettering economic condition, urbanization, and growing confidence among customers in this solution is driving demand for mobile point-of-sale in these regions. 
Increasing affordability and growing spending capacity of people has led demand in the global mobile point-of-sale market. Moreover, growing acceptance for newer and advanced technologies is also projected to drive demand in this market. Rising internet connectivity, high internet penetration, and high demand for IoT technologies is augmenting growth in the global mobile point-of-sale market. 
Application of mobile point-of-sale solutions is seen in restaurants, health care, retail, warehouse and distribution, hospitality, entertainment, government, and transportation sectors, which has augmented growth in the global mobile point-of-sale market.  Additionally, shift seen towards cashless payments due to the rise of online transactions and mobile point-of-sale solutions have further expanded the global mobile point-of-sale market. 
Unorganized Nature of Mobile Point-Of-Sale Solutions to Deter Prospects 
Though the demand in the global mobile point-of-sale market, some factors might deter growth in this market. Unorganized nature of mobile point-of-sale solutions especially in developing regions economies is expected to deter growth demand in the global mobile point-of-sale market. Moreover, high cost of deployment of mobile point-of-sale solutions in the industrial framework might refrain small businesspersons to easily adopt these solutions.                                                
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North America to Continue to Play Dominant Role in the Market for Test automation

  March 30, 2020    No comments
The competitive landscape of the market for test automation is a fragmented one that is marked with the presence of quite many large vendors, according to a publication by Transparency Market Research. It is divulged in the report that these prominent vendors that are operating in the market hold most of the market share. Some leading companies in the international market for test automation are Capgemini S.A, Cognizant Technology Solutions Corp., Hexaware Technologies, IBM Corporation, Tata Consultancy Services, Wipro Ltd., SeaLights Technologies Ltd, Infosys Ltd, Qasymphony, Inc., and so on. The major players are now emphasizing on research and development work pertaining to test automation field in a bid to obtain upper hand and stay ahead of their rivals. These leading names are also making a shift towards the expansion of their geographical territory through associations with regional players.
The market for world test automation was worth around US$30.45 bn in the year 2016, and is predicted to reach a value of around US$109.69 bn over the tenure of forecast that stretches from 2017 to 2025. The test automation market is likely to expand at a double digit CAGR of 15.4%.
Digital Transformation to Spearhead Market Growth
Digital transformation is all around and is transforming the society in an unprecedented way. Digitization is much of a phenomenon. The very base of a digital society depends on the software testing and quality assurance technology and as such it is crucial for every enterprise to ensure that the software that is to be used gets tested first. This has led most of the IT companies to invest substantially in software testing and quality assurance. As such, much of the impetus that is needed for the growth of the market for test automation is obtained from these aforementioned factor.
Furthermore, there is an increase in the market demand owing to the phenomenal penetration of mobile phones and augmented usage of mobile applications in productivity, communication, and multimedia travel. At the base of usage and application of all of these technologies lie software testing. In addition to that, cloud based applications that are now widely prevalent and used by the consumers is giving the market a boost that is again driving the growth for test automation market. Most of the organization today are opting for managed services and as such the same is projected to lead the segment of Services in the market for test automation.
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There are, however, restraining factors that mar the progress of the market as well. There is a high cost factor that is associated with the market for test automation. Huge investment is mandatory for the setup of suitable test laboratories. Besides, delayed timeframes are also responsible for retraining the growth of the market.
When geographical segments are taken into consideration, the market for international test automation market has been classified into Middle East and Africa, Latin America, Europe, Asia Pacific and North America.
North America emerges as a clear leader of the market and the region is predicted to retain its geographical supremacy over the period of forecast. It accounts for the lion’s share of the market. The factors that are fuelling the regional market growth are augmented traction of QA in many of the organizations. North America is followed by Europe owing to the maturity and enhanced sophistication of QA and testing field. The report also indicates that there will be immense opportunities in the emerging economies of Asia Pacific and South America.
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Smart Irrigation Market Sales and Growth Outlook

  March 30, 2020    No comments
The global smart irrigation market is intensely competitive, which is expected to up over the years, finds Transparency Market Research (TMR). The pace of new product developments and innovations in the global smart irrigation market heavily influences the contours. A majority of players in the global smart irrigation market consider spending on research and development activities as a worthwhile strategy to strengthen theirs shares in the global smart irrigation market. Top players in the global smart irrigation market include Telsco Industries Inc., The Toro Company, Rain Bird Corporation, Orbit Irrigation Products Inc., and Rachio Inc. The growing number of mergers and acquisitions in the smart irrigation market in various parts of the world is a key trend expected to escalate competition.
The global smart irrigation market is projected to reach a worth of US$2.32 billion by 2026 end. The market is predicted to register at an impressive CAGR of 13.10% during 2017–2026.
Among the various types of components, smart irrigation controller systems account for a prominent sales share in the global smart irrigation market. The segment is expected to account for a sales worth of US$900 Mn by 2026 end. The prominence is attributed to the rising role of controller systems in smart irrigation.
On the regional front, Asia Pacific excluding Japan (APEJ) is expected to rise at the most attractive year-over-year growth over the assessment period. This is attributed to the rapid uptake of various smart irrigation technologies in several of it emerging economies.
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Growing Application of Smart Irrigation Technologies for Water Conservation catalyze Growth
The global smart irrigation market is driven by the need for bringing advancements in food production in various developing and developed regions. The intensifying need for reducing the reliance of agriculturists on rainfall for water needs in irrigation in developing economies has offered a big momentum to the growing significance of such technologies. In addition, rising need for minimizing excess water use in the agriculture sector is expected to bolster the need for smart irrigation technologies. These technologies enable agriculturists to monitor soil temperature and soil moisture, which helps in correctly estimating water needs of plants. Furthermore, the demand or smart irrigation systems is propelled by growing awareness about several long-term benefits of smart irrigation on soil quality and agricultural yield.
The global smart irrigation market is expected to garner a large gain from the rising adoption of an array of wireless communication systems and sensors. Constant technological advances in networked sensors and microcontrollers used in smart irrigation systems are anticipated to boost the market. Substantial adoption among agricultural professionals world over is expected to accentuate the growth.
Lack of Awareness about Benefits and High Cost key Constraints
Limited awareness among consumers pertaining to benefits of smart irrigation technologies and the high cost of installing the equipment are factors hampering the uptake. Nevertheless, the smart irrigation market has witnessed new, exciting avenues in the integration of the technologies with internet of things (IoT). Moreover, substantial advances made in communication technologies used in smart irrigation systems have opened promising avenues in recent years. Furthermore, the advent of easy-to-manage and intuitive technologies for farmers is expected to boost the smart irrigation market.
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Global Unmanned Package Delivery Market: Regional Outlook

  March 30, 2020    No comments
Of late, the global market for unmanned package delivery has been registering a significant upsurge in its valuation and size. The increasing trend of automation has been the key factor behind the growth of this market. With the advancements in technology and rising uptake of drones, this market is likely to remain reporting high growth in the near future.
This market study is a thorough research of the performance of the global unmanned package delivery market in previous times and during the period from 2017 to 2025. The research emphasizes on the driving forces, obstacles, challenges, opportunities, and the prominent trends in this market in a bid to determine its future status.
Global Unmanned Package Delivery Market: Drivers and Restraints
The swift penetration of drones in a number of industries across the world is the key trend that has been pushing the global market for unmanned package delivery upwards. However, the lack of safety features in drones may limit their uptake, especially in dense urban areas. Apart from this, the high level of noise pollution caused by drones, flying in large numbers at the same time, may also restrict their usage. These factors, collectively, may hamper the growth of the unmanned package delivery market over the coming years.
Global Unmanned Package Delivery Market: Segmentation
Majorly, the worldwide market for unmanned package delivery is analyzed on the basis of the end user and the application. Based on application, the market is segmented into domestic and commercial. The domestic application segment is projected to lead the global market in the near future, thanks to the increasing preference of consumers for direct delivery of required products at their doorstep.
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In terms of the end user, the market is classified into logistics companies and online retailers. Logistics companies generally have to bear a substantial labor expenses in terms of payments made to pilots, drivers, operators of call centers, and loading crews and ground and administrative staff. Online retailers majorly provide complete product delivery through drones.
The global market for unmanned package delivery registers its presence across Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East and Africa. North America, among these, has emerged as the most prominent market for unmanned package delivery, thanks to the early uptake of technology in this region. The North America market for unmanned package delivery is projected to remain on the top spot over the forthcoming years, supported by the increasing uptake of drones. Other regional markets are also anticipated to witness steady growth in the years to come.
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Fifth Wheel Coupling Market Research Report 2020

  March 30, 2020    No comments
Transparency Market Research has released a new market report titled “Fifth Wheel Coupling Market (Mounting Type: Fixed and Sliding; Coupling Type: Compensating Coupling, Semi-oscillating Coupling, and Fully Oscillating Coupling; Material: Steel, Aluminum, and Other; Operation: Mechanical, Hydraulic, Pneumatic; Load Carrying Capacity: Less Than 20 Tons, 20 – 30 Tons, 30 – 45 Tons, and Others; Number of Pins: Single Pin and Double Pin; Application: Light Duty Application, Medium Duty Application, Heavy Duty Application; Sales Channel: OEM and Aftermarket; and Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, in terms of revenue, the global fifth wheel coupling market is estimated to expand at a CAGR of about 4 % during the forecast period. 
Fifth wheel couplings are a cost-effective and reliable component that provide proper coupling between semi-trailers and tractors, pick-up trucks and recreational vehicles, and trucks & tankers. Fifth wheel couplings are mounted at the rear end of the vehicle, such that over the last axle of tractor, truck, and pick-up truck. Semi-trailer or trolleys are attached to the fifth wheel coupling by means of kingpin that is inserted in the fifth wheel coupling.
Therefore, demand for fifth wheel couplings is rising along with the rise in demand for semi-trailers and heavy duty trucks, which is attributed to increase in trade volume due to rise in industrialization and development of road infrastructure across the globe. Moreover, implementation of government norms have led to an increase in the allowable length of medium and heavy duty vehicles in order to curb emission by enhancing vehicle load carrying capacity, which in turn is estimated to fuel the demand for semi-trucks and trailers. 
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Sliding fifth wheel couplings are capable of compensating variation in length of semi-trailers or trolleys being attached to them. The sliding fifth wheel coupling allows the user to vary load distribution on the towing tractor or truck, and hence, demand for this coupling is rising among consumers. Moreover, consumer preference for sliding fifth wheel couplings is also attributed to reselling and aftermarket. However, fixed fifth wheel couplings provide a highly rigid coupling between the tractor and semi-trailer, which is capable of handling heavy loads. Moreover, it is less expensive than the sliding fifth wheel coupling and hence, fixed fifth wheel couplings are highly preferred by consumers and fleet operators. Consequently, the fixed segment accounted for a major share of the market, in terms of revenue, in 2018. 
Semi-oscillating type of couplings are highly suitable for trucks and trailers, primarily operating over well-maintained road surfaces. Semi-oscillating couplings are being highly preferred, as most trucks and trailers operate across well-developed road infrastructure. Moreover, semi-oscillating couplings are less expensive than the other types of fifth wheel couplings. Therefore, the semi-oscillating coupling segment held a notable share of the market, in terms of revenue, in 2018.
Steel is a highly preferred material to manufacture fifth wheel couplings. Steel possesses extreme corrosion and wear resistance, and is less likely to bend or deform under varying loads and force. Moreover, it is comparatively less expensive than aluminum and cast iron. Therefore, the steel segment accounted for a prominent share of the market, in terms of revenue, in 2018. 
In terms of operation, the global fifth wheel coupling market has been segregated into mechanical, hydraulic, and pneumatic segments. Mechanical systems are less complicated, in terms of design, and have significantly lower weight. Therefore, mechanically operated fifth wheel couplings are highly preferred by consumers and OEMs. A hydraulic or pneumatic system is preferred for several sophisticated applications, where consumer demands ease of locking and unlocking the fifth wheel coupling. 
Heavy duty vehicles, long haul trucks, and road trains prefer fifth wheel couplings in order to enhance vehicle maneuverability across sharp turns & stiff roads. Demand for heavy duty vehicles, such as those having a capacity of more than 30 tons, is likely to rise significantly in the near future owing to a surge in demand for road trains. Therefore, above 30 tons capacity segments are expected to expand at a considerable CAGR between 2019 and 2027. Single pin fifth wheel couplings are capable of handling significantly higher loads and hence, are utilized in a majority of applications. Consequently, the single pin segment accounted for a notable share of the market, in terms of revenue, in 2018. Double pin fifth wheel couplings are utilized in select applications, where the loads are extremely high. 
Heavy duty vehicles, such as vehicles deployed on off-road conditions, prefer fifth wheel couplings in order to handle the varying center of gravity of the trailer. Generally, medium and heavy duty trucks and tractors have a longer length as compared to conventional trucks and tractors, which poses a challenge while navigating sharp turns and bends. Governing bodies across several countries have increased the legal length of freight transporting vehicles, which is aimed at enhancing the load carrying capacity of individual vehicles. Several heavy duty truck and tractor manufacturers provide fifth wheel couplings as standard on their vehicles in order to enhance performance of their vehicles. Moreover, several consumers prefer OEM installed fifth wheel couplings, as OEMs provide proper fifth wheel couplings according to end-use application and hence, the OEM segment is projected to account for a prominent share of the market during the forecast period. 
Asia Pacific accounted for major share of the global fifth wheel coupling market, in terms of revenue, in 2018, which is primarily attributed to the deployment of a large number of medium and heavy duty vehicles across China. China is the second-largest trading country globally. Therefore, a large volume of consumer and industrial goods are being transported across the country. China has a prominent automotive manufacturing industry, which demands for a reliable and faster transportation system. This fuels the demand for long haul trucks and tractor trailers, which in turn drives the demand for fifth wheel couplings. 
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Expansion of Automotive Electric Vacuum Pump Market

  March 30, 2020    No comments
Transparency Market Research has published a new report on the global automotive electric vacuum pump market for the forecast period of 2019–2027. According to the report, the global automotive electric vacuum pump market is projected to reach ~US$ 4 Bn by 2027, expanding at a CAGR of ~15% during the forecast period. 
Global Automotive Electric Vacuum Pump Market: Key Insights 
  • According to the report, the global automotive electric vacuum pump market is expected to expand steadily at a CAGR of ~15%, due to the rise in the adoption of electric vehicles.
  • The U.S., Germany, and China are anticipated to emerge as key countries leading the global automotive electric vacuum pump market.
  • The global automotive electric vacuum pump market is expanding at a consistent pace, owing to a rise in vehicle production across the globe, coupled with a surge in the dependency of society on automobiles, which boosts the aftermarket of brake systems and brake boosters, and ultimately, the aftermarket for electric vacuum pumps, owing to increasing concerns about vehicle safety. 
  • Rising demand for superior braking performance and increased consumer awareness about vehicle safety are driving the automotive electric vacuum pump market. Electric vacuum pumps provide on-demand, safe, and effective braking, and hence, are preferred in braking systems.
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  • Electric vacuum pumps can be utilized for vehicles with lower engine power that generate pneumatic boost required for safe braking. Electric vacuum pumps lower the energy requirement of the vehicle due to their on-demand operation. The integration of an electric vacuum pump minimizes the load on the engine, and consequently, improves the fuel-economy of the vehicle. Rise in consumer demand for fuel-efficient vehicles is expected to boost the demand for automotive electric vacuum pumps.
  • Increasing stringency in emission norms is compelling automakers to adopt fuel-efficient technologies and electric vehicles, thereby fueling the demand for electric vacuum pumps. 
Global Electric Vacuum Pump Market: Key Segments 
Based on application, the global automotive electric vacuum pump market has been classified into electric vehicles and gasoline/diesel vehicles. The electric vehicles segment has been further sub-segmented into battery electric vehicle, hybrid vehicles, and plug-in hybrid vehicles. The gasoline/ diesel vehicles segment held a major share of the global market in 2018, owing to significant demand and sale of cost-effective conventional gasoline/diesel vehicles. An electric vacuum pump is a basic component of an electric vehicle. Electric vacuum pumps are directly powered by a battery, and do not require engine power for operation. Consequently, rising sales of electric vehicles are expected to boost the demand for automotive electric vacuum pumps. 
Based on type, the global automotive electric vacuum pump market has been divided into leaf, diaphragm, and swing piston. Diaphragm type vacuum pumps are a widely utilized in the auto industry, owing to their simple design, reliability, and ease of maintenance. 
Global Automotive Electric Vacuum Pump Market: Regional Analysis 
In terms of region, the global automotive electric vacuum pump market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a leading share of the global automotive electric vacuum pump market in 2018, owing to the presence of large electric vehicle fleets in China. North America and Europe held significant shares of the global automotive electric vacuum pump market. The penetration of electric vehicles is rising in Germany, the U.K., Belgium, Nordic countries, and The Netherlands. As such, the demand for electric vacuum pumps is expected to rise in these countries. 
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...