Household Cooking Appliances Market Regional Outlook and Forecast 2020-2026

According to a new market report published by Transparency Market Research titled Household Cooking Appliances Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2026, the global household cooking appliances market is expected to reach a value of US$ 110.58 Bn by 2026. In terms of value, the market is estimated to expand at a CAGR of 6.1% during the forecast period from 2018 to 2026. Increasing number of working women, and rising purchasing power and disposable income of consumers is expected to drive the market growth of household cooking appliances over the forecast period. Increasing preferences of consumers for energy-efficient alternatives rather than gas and electric devices and rising technological development of smart equipment for cooking food is also projected to boost the market growth in the coming years.

Rising living standards have influenced consumers to opt for better designed and smart appliances in their kitchen which further positively influences the demand for household cooking appliances. Increasing trend of nuclear families and stability in terms of finance encourages consumers to invest in cooking appliances with enhanced technology, thus increasing their demand.

Cooktops and cooking ranges segment is expected to hold the largest market share in terms of revenue and is also projected to grow steadily over the forecast period. This is due to introduction of smart equipment or IoT enabled equipment across the range which can be directly controlled by smartphones. In cooktops & cooking ranges, gas cooktops are anticipated to witness enormous growth in coming years due to their ability of regulating temperature instantly. The preference of consumers for energy efficient technology to cook food is expected to influence the increased demand for induction cooktops over the forecast period. Furthermore, increasing awareness about the benefits of induction cooktops such as easy installation and handling, minimal risk, effective management of heat, simplified cleaning process, and cost efficiency are expected to spur the demand for household cooking appliances over the forecast period.

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Demand for ovens is also expected to increase in the near future due to the availability of a variety of ovens with high capacity. Ovens are projected to witness a moderate growth rate during the forecast period due to the presence of innovative products equipped with easy control panels and auto program to enhance their usability and to meet the consumer demand. In the foreseeable years, manufacturers of microwave ovens in different parts of the world are likely to boost their use by addressing the changing requirements of food processing and the food service industry.

Furthermore, specialized appliances such as toasters, mixers, food processors, and blenders are also considered as essential appliances. Almost all consumers own these special appliances for their daily chores in the kitchen. Therefore, the volume share of specialized appliances is more compared to the volume of ovens.

The household cooking appliances market in Asia Pacific is expected to witness the highest growth over the forecast period due to the changing lifestyle, higher disposable income, coupled with greater affordability which has increased the demand for household cooking appliances in the region. The market in the region is expected to witness growth at a CAGR of 6.9% in terms of revenue during the forecast period. In Asia Pacific, cooktops & cooking ranges are expected to have substantial growth over the forecast period. The growth is attributed to the major adoption of gas cooktops across the urban as well as rural sector. The region comprises more of middle class consumers; therefore, gas cooktops are expected to have high demand during the forecast period. Among the countries of Asia Pacific, China is anticipated to dominate the household cooking appliance market over the forecast period. As the electronics industry has been a pillar of success in China, the country is known for producing electronics and smart devices at a massive scale. Low labor cost and a sizeable customer base gives China a high attractiveness index. .

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Countries such as India and Japan are projected to have a considerable growth rate during the forecast period due to the growing number of households and their attraction toward household cooking appliances. The consumer durables industry in India and Japan has witnessed considerable change in the past couple of years.

Some of the major players in the global household cooking appliances market are Electrolux AB, Haier Group Corporation, Hitachi, Ltd., Koninklijke Philips N.V., LG Electronics Inc., Midea Group, Miele & Cie. KG, Robert Bosch GmbH, Samsung Group, and The Whirlpool Corporation.

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Air Fryer Market Share, Development by 2020-2026

According to a new market research report published by Transparency Market Research titled “Air Fryer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026,” the air fryer market across the globe is anticipated to reach US$ 1110.8 Mn by 2026. The market is expected to expand at a CAGR of 6.8% during the period 2018-2026.

The air fryer market based on product type includes digital and manual air fryers. The digital air fryer segment is expected to expand at a faster rate compared to its counterpart. Manual air fryers are preferred due to their price and easy control. Market share of digital air fryers is expected to increase due to consumers shifting to automatic solutions. Demand for smart featured appliances, increase in number of smaller households, and rising health concerns among end-users leading to preference for oil free food is expected to accelerate the global air fryer market during the forecast period from 2018 to 2026.

Based on application segment, air fryers are segmented into residential and commercial. The commercial segment is divided into hotels, cafes, and quick service restaurants. On the basis of distribution channel, air fryers can be bought either online and offline. Online segment is further sub-segmented into e-commerce retailers and company’s own website. In addition, offline segment is sub-segmented into hypermarkets, specialty stores, and multi-brand retailers.

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The large working population and the large number of people in the middle class bracket are preferring healthier food options. An air fryer is a most modern method of preparing less oily food. Majority of demand for small consumer appliances originates from people who prefer latest and technologically advanced products. Furthermore, greater availability of products and higher awareness regarding small appliances with smart features drives the demand

In the current scenario, a surge in demand for smart air fryers in the global market is giving tech savvy customers a new reason to buy this product. Though smart air fryers are sold at high prices, manufacturers are seeing an opportunity in this segment to create a foothold in the near future. However, there are a few well established players having strong distribution networks across different regions. Companies are strengthening their position by continuously investing in research and development (R&D) to come up with solutions to cater to customer requirements.

Based on geography, the air fryer market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is the largest region in the air fryer market. The market in Europe for digital air fryers is expected to expand at a CAGR of 6.7%. Demand for air fryers in Europe is likely to grow rapidly in France and the U.K. due to demand from households and a thriving industrial sector in these countries. According to the report, the Asia Pacific air fryer market is expected to expand at a CAGR of 7.2% in terms of revenue. South America and Middle East & Africa are expected to expand at a CAGR of 6.7% respectively in the air fryer market. The market in North America is expected to grow at a gradual rate.

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The air fryer market is highly competitive with a large number of players present across the globe. Some of the leading industry players profiled in the study include Koninklijke Philips N.V., Tatung Company of America, Inc., De’Longhi America Inc., Ming’s Mark Inc., Groupe SEB, Avalon Bay, Bajaj Electricals Limited, American Micronic Instruments, Mayer, and Gorenje.

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Hair Removal Wax Market Size, Share, Development by 2020-2026

According to a new market report published by Transparency Market Research titled ‘Hair Removal Wax Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global hair removal wax market is expected to reach a value of US$ 18,814.3 Mn by 2026. The market is estimated to expand at a CAGR of 9.4% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach over 5,000 million units at a CAGR of approximately 8.0% in 2026.The hair removal wax market in Asia Pacific is projected to expand at a rapid pace during the forecast period. According to the report, the global hair removal market is experiencing high-paced expansion in its size and valuation, owing to increase in beauty consciousness among consumers across the world. The need to maintain a well-groomed physical appearance is one of the major factors responsible for the expansion of the market.

Waxing offers clean and clear skin for a longer duration as compared to the other alternatives. It can be easily carried out on any area of the body, including eyebrows, face, bikini area, legs, arms, back, abdomen, and feet. The demand for hair removal solutions is much higher in beauty salons & spas and is anticipated to continue rising over the next few years.

Moreover, rise in popularity of at-home hair removal wax techniques with the usage of wax strips among the younger and adult generations is likely to boost the hair removal wax market. Furthermore, more men are seeking waxing services as tailored grooming becomes mainstream, and women of all ages are looking for alternatives to shaving to achieve smooth skin. This is expected to propel the market.

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The hair removal wax market can be segmented based on type, application, end-user, and distribution channel. Based on type, the market can be categorized into soft wax and hard wax. The soft wax segment accounted for a prominent market share in 2017, owing to the ability of soft wax to adhere to skin more than hard wax and exfoliating skin. Soft wax is able to hold fine hair perfectly and works better on large parts of the body.

Soft wax is generally cheaper than hard wax and less painful for most people, and businesses are making more money using it. In terms of application, the commercial segment is expected to expand at a CAGR of over 9.0% to reach over US$ 14,000 Mn in the near future. The segment is expected to be followed by the individual segment. More and more consumers prefer to visit beauty salons or spas for waxing as they are less messy and provide specific procedures of waxing, such as bikini wax, Brazilian wax, and Hollywood wax. There are even waxing procedures available that cater specifically to men. In terms of end-user, the market is largely dominated by the women segment, which is expected to expand at a faster pace owing to the changing beauty trends among women and increasing consumer awareness about personal grooming.

While more than 90% of today’s wax users are women, the number of men waxing their chests, backs, ears, nose, and other areas is also increasing steadily. Based on distribution channel, the market is currently dominated by the offline channel. However, in the near future, online sales are anticipated to rise at a fast pace owing to technological advancements and preference of brands for selling products online as it makes it easier for them to penetrate different markets.

In terms of geography, North America dominated the global hair removal wax market in 2017 with more than 25% market share and is expected to maintain its leading position during the forecast period, followed by Europe. In Asia Pacific, China and India are dominating the hair removal wax market, followed by Japan. Preference of the growing population for the waxing method of hair removal and innovation in hair removal wax products, such as introduction of natural ingredient-based wax, are significantly boosting demand for waxing among women. This, in turn, is fueling demand for hair removal wax in Asia Pacific.

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Some of the leading players of the hair removal wax market are American International Industries, Church & Dwight Co., Inc. (Nair), Coloris Cosmetics, FILO BIANCO S.r.l.,GiGi, Harley Wax, Jax Wax Australia, Karaver, Kera-Ban Wax Products, Lee-Chem Laboratories (Mandy’s), MarzenaBodyCare, Inc., Parissa Laboratories Inc., PerronRigot, Reckitt Benckiser (Veet), Sally Hansen, Starpil Wax Co., Sue Ismiel and Daughters (Nad’s), The Darent Wax Company Ltd., and Xanitalia. The companies involved in this market are concentrating on research and development activities along with product innovation to strengthen their foothold in the market. Moreover, strategic partnerships and agreements with other companies is another key business strategy adopted by hair removal wax companies across different regions. For instance, in January 2018, Cirepil and Epillyss came together under Perron Rigot Company to offer both strip and non-strip waxes.

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Aerial Imaging Market to Witness Robust Expansion by 2020-2025

Updation of mapping technology has been the major factor responsible for the expansion of the global aerial imaging market. Aerial imaging finds itself in a wide range of applications across industries like tourism, journalism, archeology, construction and development, and cartography. Such popularity of aerial imaging is ascribed to the need for high-resolution imagery arising.

Existing organization in the global aerial imaging market is vying for more market share. They have shifted their focus to betterment of their features like intelligence surveillance, urban planning, route designing, and volume-based calculations. The companies are also into strategic collaborations for the expansion of their geographical footprint. Some of the renowned market players that have been analyzed in the global aerial imaging market are NRC Group ASA, Google Inc., High Eye Aerial Imaging Inc., Fugro N.V., EagleView Technologies Inc., and ARC Aerial Imaging Limited.

Transparency Market Research (TMR) has studied the global aerial imaging market in detail and has come up with a report on the same. Utilizing extensive research methods, TMR has included information pertinent to the dynamics of the global aerial imaging market. Analysts at TMR prophesize that the market is estimated to expand at 14.6% CAGR over the period of assessment, from 2017 to 2025.

For the purpose of analysis, the global aerial imaging market has been segmented into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America.

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The global aerial imaging market is estimated to be commanded by North America during the forecast period. The regional dominance of North America is likely to continue throughout the assessment period due to the augmented use of aerial imaging technology by the forestry and agricultural industry. Increased implementation of innovative tools drones in various industries for high-resolution aerial images are driving the market during the period of assessment.

In addition, for the purpose of disaster management, urban planning, monitoring and surveillance, aerial imaging tools are used extensively, which is driving the progress of the market in Asia Pacific. Rise in the affordability level of companies to make use of such premium technologies is fostering regional market growth.

Multiple Uses across Many Industries is Likely Facilitate Market Expansion

The global aerial imaging market is likely to be driven by accentuated use of the system in construction and development sector. In the construction sector, high-resolution images aids in ensuring safety of the workers. Those images are also used for marketing of construction projects.  These images can be utilized for the creation of 3D BIM models and shared with stakeholders to assess the viability of projects. Harnessing the benefits of aerial imaging technology, efficacious management of energy and resource is obtained, which adds to the growth of the market. Personal aerial mapping systems (PAMS) is finding increased use in present times, which is likely to offer lucrative growth opportunities to the global aerial imaging market over the timeframe of assessment.

Archeological researches have started involving aerial videography and photography so as to facilitate better analysis and study of ancient landscapes and site of historical significance. Property advertisements have also started using aerial images to attract more customers through better images. According to the analysts of TMR, cost effective yet highly efficient aerial photography is rapidly becoming a popular choice among the property sellers.

Of late, geospatial technology has been making increased utilization of aerial imaging to provide precise location details for various purposes. The security and defense segment has emerged as a prominent user both geospatial data and aerial images.

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High awareness levels among the consumers and with the availability of high-resolution aerial images from various providers have added impetus to the expansion of the aerial imaging market during the forecast period. Rapid growth in use of unmanned aerial vehicles or UAVs has facilitated augmented use of aerial images for many purposes. Growing popularity of location-based services among common people for entertainment and information is likely to open up new growth prospects for the market during assessment period, from 2017 to 2025.

The information shared in this review is based on a TMR report, bearing the title, “Aerial Imaging market (End-use – Government, Commercial Enterprises, Civil Engineering Industry, Military, Forestry and Agriculture, Energy Sector, and Insurance; Application – Energy, Geospatial Technology, Natural Resources Management, Construction and Development, Disaster Response Management, Defense and Intelligence, Conservation and Research, and Media and Entertainment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”

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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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