Gas Sensors Market Expected to Witness a Sustainable Growth over 2020-2028

The gas sensor market is ready to expand its horizon of growth rate during the forecast period from 2019-2028. Gas sensors identify the harmful gas present in the environment and alert individuals by raising alarm sounds. Gas sensors identify a variety of gases such as toxic gases, combustible gases, and flammable gases. It is used by a plethora of industries such as chemicals, metals, power stations, food and beverage, and transportation.

Growing demand for electronic device miniaturization is driving the growth of the gas sensors market. Health and safety regulations across the globe, an increase in critical industry demand, rising air pollution levels, and the urgency for air quality monitoring in big cities are also some important factors that may accelerate the growth rate of the gas sensors market.

This upcoming report on the gas sensors market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The segmental study enables an individual to thoroughly understand the gas sensors market

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Gas Sensors Market: Competitive Landscape and Notable Developments

Manufacturers in the gas sensors market are constantly involved in developing innovative strategies to make their products more beneficial. Some instances are introducing sensors related to specific types of consumer electronics, healthcare industries, and the automotive sector. The key players in the gas sensors market are making inroads through enhancing their research and development capabilities to a great extent. Key players in the gas sensor market are Teledyne Technologies Inc., Figar Engineering Inc., Siemens, Honeywell International Inc., and Yokogawa Electric Corporation.

• Recently, Firago Engineering Inc. launched the TGS8101 IAQ digital sensor. The novel gas sensor comprises a metal oxide compound placed on a micro hot plate. This enables the gas sensor to detect alcohol gas and VOC.
• A Switzerland based company; Sensirion developed SCD40, a miniaturized CO2 sensor measuring just one cubic centimeter.
• Gas sensors are even leaving their mark in the space application sector. RLS, a company associated with Renishaw introduced a miniature encoder sensor for pace applications.

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Gas Sensors Market: Key growth drivers

A rise in the demand for smart sensing technologies for detecting hazardous gases is accelerating the growth rate of the gas sensors market. Other technologies like infrared technology may also record gains for the gas sensor market. Infrared technology in the gas sensors market has considerable benefits such as longer product life in comparison to the sensing objects and enhanced efficiency for hydrocarbon gas detection. Wireless gas sensors may also experience a spur during the forecast period. This is because of low-cost installation and saves space as compared to wired sensors. Innovative wireless solutions are being developed for efficient gas monitoring. Therefore, increasing investments in technological advancements of gas sensors may enable the gas sensors market to grow at a steady pace.

Gas Sensors Market: Regional analysis

The Asia Pacific region is expected to gain traction during the forecast period. This can be attributed to a plethora of factors such as awareness about environment conservation and stringent government regulations in the region. Furthermore, countries in these regions are launching action plans to curb air pollution. North America is also expected to witness steady growth. This is because the U.S.A is observing large scale gas sensors demand from the petrochemical industry. Europe may also see a good growth rate due to the imposition of strict regulations in terms of pollution.

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Airborne Weather Radar System Market: Competitive Dynamics & Global Outlook 2020-2030

 

• An airborne weather radar system is an essential tool for pilots that enables the strategic and tactical planning of a safe flight trajectory. The airline industry is highly competitive, and the generated profits are attributed to many contributing factors.
• Three common types of weather aids are used in an aircraft flight deck, often referred to as weather radar. These include actual on-board radar for detecting and displaying weather activity, lightning detectors, and satellite or other sources of weather radar information that is uploaded to the aircraft from an outside source.
• Exponential increase in air traffic over the years owing to drop in aviation fuel prices has resulted in cheaper air travel. Airlines have extra dispensable cash that is being utilized to procure new-generation aircraft and modernize aviation.
• Consequently, airborne weather radar technology has significantly evolved, and a range of enhanced products with more features and capabilities are now available in the market. The need for protection from harsh weather is expected to drive the airborne weather radar system market growth during the forecast period.

Need for Protection from Harsh Weather

• Severe turbulence, wind shear, and hail are major concerns to pilots, and since signals are generated in radar systems due to hail and wind shear, the turbulence can be interpreted from the movement of any precipitation that is detected.
• In recent times, passengers and crew have suffered injuries due to severe turbulence in flights. Several other cases are being reported of aircraft fuselage getting considerably damaged following a hailstorm encounter.
• If proper airborne weather radar systems are equipped in commercial aircrafts, they can easily prevent crucial and expected injuries in aircrafts due to bad weather conditions. The detection and avoidance of adverse weather conditions within safe time limits is crucial for a safe and comfortable flight.

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Limitations Related to Weather Radar Systems

• The reflectivity of precipitation particles varies considerably depending on the type of precipitation particle. For example, wet hail, rain, and wet snow are much more reflective than dry hail, ice crystals, or dry snow. Unfortunately, aircraft radars do not see frozen precipitation as well as they see wet precipitation.
• Thus, thunderstorm tops, which are composed of mostly low-reflectivity precipitation particles, are not seen well by the aircraft radar. NEXRADs on the other hand, do not suffer from this limitation, especially at higher altitudes where most commercial aircraft operate.
• Another limitation of airborne weather radars is called shadowing or attenuation. This is a phenomenon which occurs when the weather is simply unable to make the two way trip through it, meaning the size, shape, and intensity of that weather as displayed to the pilot may not be accurate. The more intense the precipitation, the less distance the radar can see into and through a storm.

Asia Pacific to Lead the Global Market

• In terms of region, the global airborne weather radar system market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The airborne weather radar system market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period. This growth can be attributed to population increase, improving standards of living, and rise in development and expenditure on aircraft manufacturing. China is the leading exporter of technological equipment in the world. Thus, airborne weather radar system manufacturers in the region are expecting an increase in demand for their products.

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• The airborne weather radar system market in North America and Europe is likely to witness stagnant growth. The market in Latin America and Middle East & Africa is estimated to show sluggish growth during the forecast period.

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Lithography Equipment Market Growth Trends and Competitive Analysis 2020-2026

The global lithography equipment market is characterized by a consolidated landscape with few prominent vendors holding a major chunk of the market, finds Transparency Market Research (TMR). As the cost of acquiring new lithographic equipment is markedly high, there are not too many suppliers in the market. A number of top players are focused on introducing cutting-edge technologies and bringing advancements that tend to increase the cost-efficiency of the entire equipment and of the various functionalities therein, notes TMR. Their efforts directly correlates with improving the profitability of manufacturers in the integrated circuits (ICs) and semiconductors industry. Introducing cost-efficient enhancements in production technology has helped these manufacturers develop advanced ICs with reduced cost per function.

Some of the players operating in the market include Ultratech, SUSS, Canon, Nikon, EV Group, ASML Holding, USHIO America, Inc., Orbotech, and Screen Semiconductor Solutions Co., Ltd.

The lithography equipment market is projected to rise at a robust CAGR of 15.7% during 2017– 2026. The worldwide sales is anticipated to garner a revenue exceeding US$ 600 million by the end of this period.

The key application areas comprise advanced packaging, MEMS devices, and LED devices, with advanced packaging projected to hold the major revenue share in the global market throughout the forecast period. However, the LED devices segment is estimated to rise at the dominant growth rate over the forecast timeline.

Among the various regional markets for lithography equipment, Asia Pacific excluding Japan (APEJ) leads accounting for the most lucrative market. A burgeoning semiconductor manufacturing industry and the presence of several prominent players in the region account for its prominence. A major chunk of revenue is expected to come from the sales of the equipment.

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The growth of the global lithography equipment market rides on the back of incessant stride being made by the semiconductor industry in various parts of the world. Lithography equipment is extensively employed in wafer fabrication processes in semiconductor manufacturing and hence occupy a very vital role in the IC production technology. As a result, bringing advancements in lithography equipment directly reflects of the efficiency and effectiveness of the overall production process.

The rapid advances made by the electronics industry in several developing and developed regions has led to proliferating demand for ICs in areas such as memory devices, communication, and sensor devices. The staggering rise in uptake of consumer electronic devices is emerging economies is also bolstering the demand for semiconductor ICs. Furthermore, the uptake of lithography equipment will benefit largely from the rising demand for micro-electromechanical systems and devices.

Developing Next-generation Lithography Technologies gaining Traction, However Challenges Remain

Introducing innovations in lithography equipment to improve their energy-efficiency and cost-effectiveness are helping in the rapid expansion of the market. Improvements in production technology are led by recent advancements in lithography equipment, which have helped manufacturers make ICs with remarkably high current density and increased performance. For instance, the advent of 450mm wafers and extreme ultraviolet lithography bodes well for the market.

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Although, the focus on developing next-generation technologies for high-volume production of wafers is gaining traction, various challenge are surfacing to the fore. Several concerns about consistent throughput of these technologies will continue to affect their commercialization for some time to come. Nevertheless, the relentless efforts to bring enhancements in lithography equipment and technology will help manufactures address these concerns over time.

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Microgrid-as-a-Service Market Size Survey by 2020-2027

Transparency Market Research delivers key insights on the global microgrid-as-a-service (MaaS) market. In terms of revenue, the global microgrid-as-a-service market is estimated to expand at a CAGR of ~14% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global microgrid-as-a-service market.

Microgrid-as-a-service is a cloud-based microgrid control solution that allows a third party to utilize the benefits of microgrids, without hassles related to development, operations, and upfront costs. Microgrid-as-a-service (MaaS) comprises software; design and engineering packages; and operations and maintenance support, which are all delivered from a hosted environment. Microgrid-as-a-service systems are designed for use in different sectors, including government, utilities, and industrial and commercial facilities, with advanced monitoring, control, and optimization of distributed energy at an affordable cost. The use of a microgrid-as-a-service system eliminates the hassle of maintaining on-site IT infrastructure. In addition, microgrid-as-a-service offers significant advantages such as improved scalability, dynamic monitoring, and energy efficiency.

Power grid systems have witnessed significant technological advancements over the last few years. Owing to the usage of renewable energy sources, microgrid-as-a-service offers cost-effective electricity and helps in reducing the financial losses caused by electricity outages. The demand for microgrid-as-a-service is increasing rapidly in different industrial verticals as well as remote areas. This is primarily due to the declining costs of distributed energy resources and significant features of microgrid-as-a-service, such as high reliability, smart grid integration, low cost, and energy efficiency.

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Additionally, microgrid-as-a-service facilitates autonomous working. This ensures access to electricity for consumers residing in remote locations. The above-mentioned advantages provided by microgrid-as-a-service over traditional grids are boosting the demand for microgrid-as-a-service. This, in turn, is likely to fuel the global MaaS market during the forecast period.

However, the global power industry witnesses shortage of skilled labor, which is affecting the demand for smart grid systems. According to the U.S. Department of Energy (DoE), the smart grid & electric utility industry in the country would need 105,000 new workers by 2030, but it expects that only 25,000 existing industry personnel are interested in filling those positions.

Global Microgrid-as-a-Service Market: Prominent Regions

North America is the dominant region of the global microgrid-as-a-service market. It is anticipated to continue its dominance in the global microgrid-as-a-service market throughout the forecast period. This can be attributed to increasing adoption of microgrids and high investments in microgrid infrastructure in the region. The microgrid-as-a-service market in Asia Pacific is expected to witness prominent growth in the near future, owing to the rising demand for uninterrupted and reliable power supply in the region. The microgrid-as-a-service markets in the Middle East and South America are expected to witness moderate growth in the near future.

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Key players operating in the global microgrid-as-a-service market are displaying synergies through close cooperation and collaborations in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing their production capacities, in order to meet the rising demand.

Global Microgrid-as-a-service Market: Key Players

Key players operating in the global microgrid-as-a-service market are Green Energy Corp., Schneider Electric, ENGIE, Spirae, LLC, Aggreko, ABB, General Electric, Eaton, Tech Mahindra, and Siemens AG.

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Body Armor Market Forecast Analysis by 2020-2027

According to a new research report published by Transparency Market Research the global body armor market is expected to reach value of more than US$ 3,200 Mn by 2027, expanding at a CAGR of around 4% from 2019 to 2027. According to the report, the global body armor market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, North America is projected to continue to be a prominent region in the global body armor market, with the market in the region expanding at a CAGR of more than 4% between 2019 and 2027.

Global Body Armor Market: Overview

• The global body armor market is expected to be driven by the rising demand for technologically-advanced and light body armors, especially in countries that are consistently modernizing their defense systems.
• Rise in terror threats around the world has also led to the adoption of body armors in the defense forces of several countries, in an attempt to protect their military personnel.

Level IV Segment Prominent in the Global Body Armor Market

• Level-IV body armors provide protection from .30 caliber armor-piercing (AP) bullets (U.S. military designation M2 AP), having nominal mass of 10.8 g (166 gr), impacting at a minimum velocity of 869 m/s (2850 ft./s) or less. They also provide at least single-hit protection from Level I, Level II-A, Level II, and Level III attacks.
• Factors such as the implementation of Soldier Modernization Programs and replacement of obsolete body armors with advanced variants are driving the Level IV segment in the body armor market.

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Composite Ceramics a Highly Lucrative Material Segment of the Global Body Armor Market

• Ceramics used in combination with polyethylene-based materials are capable of offering Level IV protection and repelling armor piercing ammunition.
• The composite ceramics segment held a 47.55% share of the global body armor market, in terms of revenue, in 2018.
• The demand for composite ceramic body armors is expected to remain high throughout the forecast period, as they are extensively used for military purposes.

Defense Segment to Dominate the Global Body Armor Market

• The defense segment accounted for a leading share of the global body armor market in 2018, and it is anticipated to expand at a high CAGR during the forecast period.
• The increasing demand for providing defense suits with enhanced ballistic- and stab-resistance for soldiers is one of the primary factors fueling the defense segment in the body armor market.

North America to be a Highly Lucrative Market for Body Armor

• In terms of geography, the global body armor market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America dominated the global market, holding 43.5% of the market share in 2018. The body armor market in the region is expected to expand at a high CAGR during the forecast period.
• In North America, the U.S. is anticipated to be a major market for body armor. The continuous procurement of latest and highly-advanced body armors by military organizations in the U.S. is likely to drive the body armor market in the country during the forecast period.
• Increasing incidences of handgun crimes are also expected to drive the body armor market in North America.

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Body Armor Market: Competition Landscape

• With the objective of business expansion, several players operating in the global body armor market are expanding their offerings through investments in new product development. An increasing number of players are spending significantly on R&D activities to develop technologically-advanced and lightweight body armors.
• Some of the prominent players operating in the global body armor market are Point Blank Enterprises, Inc., BAE Systems, Inc., Australian Defence Apparel Pty Ltd, ArmorSource LLC, Survitec Group Limited, Sarkar Defense Solution, MKU Pvt. Ltd., KDH Defense Systems, Inc., Safariland, LLC., U.S. Armor Corporation, Du Pont (E.I.) De Nemours., and Honeywell International Inc.

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Industrial Agitator Market Overview Report by 2020-2027

According to a new market report published by Transparency Market Research  titled ‘Industrial Agitator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global industrial agitator market is expected to reach US$ 2,324.9 Mn by 2027, expanding at a CAGR of 4.1% from 2019 to 2027. In terms of volume, the global industrial agitator market is expected to reach 424.8 ‘000 units by 2027, expanding at a CAGR of 3.9% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

North America is the second-largest market for industrial agitator in the world. Various end-use industries, ranging from oil, gas and petrochemical to water and wastewater treatment, utilize industrial agitators for mixing purposes. In North America, the U.S. is a prominent market for industrial agitator, followed by Canada. The U.S. is a major producers of natural gas, including shale gas, in the world. As per the U.S. Energy Information Administration (EIA), in December 2018, the U.S. produced about 65 billion cubic feet per day (Bcf/d) of natural gas (shale gas and tight oil), which is about 70.0% of total U.S. natural gas production.

Furthermore, in December 2018, the country produced about seven million barrels per day (b/d) of crude oil, which is 60.0% of the total U.S. oil production. Compared to production a decade ago, in December 2008, natural gas (shale gas and tight oil) accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Thus, a rise in the demand for shale gas across the U.S. is boosting the demand for industrial agitators across North America.

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Europe is the third-largest market for industrial agitator in the world. Among the various end-use industries that use industrial agitators across Europe, food & beverage is a prominent end-user. The food & beverage industry is a prominent manufacturing industry in Europe, in terms of gross value added to the economy and number of people employed. Germany, the U.K., and France are major markets for industrial agitator in Europe. In terms of value addition by the food & beverage sector, Germany is a notable market in Europe. Therefore, a rise in the demand for food & beverage products is driving the production of food & beverage, which is subsequently propelling the demand for industrial agitators in Germany.

Asia Pacific is a significant market for industrial agitator in the world. In Asia Pacific, China is a major market for industrial agitator, followed by Japan and India. As per the CEFIC (European Chemical Industry Council), China increased its share of global chemical sales from 14.8% in 2007 to 37.2% in 2017. Both South Korea and India increased their share of global chemical sales from 3.3% and 2.1% in 2007, respectively, to 3.5% and 2.9% in 2017, respectively. On the other hand, the share held by Japan of the global chemical sales declined from 6.8% in 2007 to 4.4% in 2017. Therefore, a rise in the demand for chemicals across the countries in Asia Pacific is propelling the demand for industrial agitators in the region.

Middle East & Africa (MEA) is a relatively minor market for industrial agitator in the world. GCC (Gulf Cooperation Council) countries, which include the United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain, is a prominent market for industrial agitator in the region. South Africa is the second-largest market in MEA.

South America is the fourth-largest market for industrial agitator in the world. Brazil is a prominent market for industrial agitator in South America. Expansion of oil & gas industry in Brazil is driving the demand for industrial agitators in Brazil.

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The study provides a conclusive view of the global industrial agitator market by segmenting it in terms of product type and end-use industry. In terms of product type, the global industrial agitator market has been classified into top-mounted vertical/ top-entry, side entry/ side-mounted horizontal, static mixer, bottom entry and portable. In terms of end-use industry, the global industrial agitator market has been divided into water and wastewater treatment, food & beverage, chemical, oil, gas and petrochemical, pharmaceutical, and others.

The report highlights major companies operating in the global industrial agitator market, which include Sulzer Ltd, Ekato Group, Philadelphia Mixing Solutions, Ltd., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines Ltd., SPX FLOW, Inc., and Fluid Kotthoff GmbH.

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Logistics Market Information, Figures and Analytical Insights 2020– 2027

The global logistics market is a highly competitive one, as reported by Transparency Market Research (TMR). The vendors in the global logistics market are expected to adopt several organic as well as inorganic growth strategies in order to gain momentum in the industry. Among these, leveraging the latest technological innovations is a popular scheme amongst logistics market players.

The global logistics market is projected to rise at a 4.5% CAGR over the forecast period 2019 to 2027. The market was estimated to reach a value of US$ 15,273.21 Bn by 2027 according to TMR analysts.

Logistics market has been considerably impacted by the introduction and use of new technologies. Some of new technologies in logistics market are global positioning system (GPS), order entry systems, warehouse management systems, dispatching communication system, the Internet of Things, automated transportation and similar futuristic innovations, and transportation management system (TMS) among others.

Asia Pacific logistics market is expected to grow rapidly over the forecast period. The study shows that, because of the development of the retail sector in e-Commerce, which is currently driving the logistics market, the worldwide logistics industry is expanding rapidly. A comparable trend is expected during the forecast period.

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E-commerce plays very crucial role in offering freight customers new options to support their economic growth. E-commerce is anticipated to persist as the major driver of growth in the transportation industry. According to, FedEx CEO, Henry Maier, owing to e-commerce logistics, the shipments and sales went up by more than a 100%. The prolonged growth through e-commerce will be significant for all freight and retail companies.

Rising internet-based retailing is boosting the growth of the logistics market. Exponentially proliferating online shopping across global market is behaving as major driver of the logistic market. Moreover, hassle free shopping and home delivery options are supporting the market currently. Further, short time consignment delivery, after sales support and services are fueling the internet retail market. Knowing the fact, online retailer should provide good logistics services to form and maintain good and satisfactory relationships with the customers. The growth in internet retail market is thus driving the logistics market at present and similar trend is anticipated to be witnessed over the forecast period.

Outsourcing to be Key Market Trend

Growing usage of logistics services outsourced in the region has led to market growth. Growing imports and exports, together with the enormous demand for logistics services, are driving producers to trade worldwide as a result of economic growth and urbanization. The logistics infrastructure is improved to satisfy the requirement of additional logistics characteristics using the IT to ensure smooth data flows from one source to the next. This factor augments demand in the global logistics market to a great extent.

Automation Will Changing the Logistics Industry

Adoption of autorotation and robotic delivery system across warehousing is very common these days. Robots are preferred for flawless and efficient loading, unloading, and delivery for the materials or finished goods. Robots implementations has witnessed increased output. Knowing the facts, companies are investing in such industrial robots. For instance, Amazon has introduced Kiva robots. Besides material and goods handling, robots are also helping companies packaging and transportation of items and supporting enterprises to automate the processes and enhance the business operations.

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In the current market, over 80% of warehouses are manually operated. Warehouse robotic automation is expected to create great opportunity in near future. Thus the global logistics market is expected to witness significant revenue opportunity in near future. Leading players in the logistics market are J.B. Hunt Transport Services, Ceva Holdings LLC, Expeditors International of Washington Inc., C.H. Robinson Worldwide, Inc., and Americold Logistics, among others.

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Logistics Market (Type of Transport – Road, Waterways, Rail, Air; Application – Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages; Customer Type – B2B, B2C; Logistics Model – First Party Logistics, Second Party Logistics, Third Party Logistics, Fourth Party Logistics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.” 

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