Global aerospace landing gear market from commercial aviation was valued at over USD 12 billion in 2017 and is projected to continue its dominance over the study timeframe

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The global aerospace landing gear market has experienced augmented growth in years, as higher consumer spending combined with the rising frequency of air travel has amplified the production of new aircrafts. While operating in different surroundings and the most challenging conditions, efficient landing gears bear the entire weight of an aircraft and allow for a comfortable and safe landing. Undoubtedly, the aerospace landing gears plays a vital part in ensuring the safety of passengers and enhance the overall value of an aircraft thought its life cycle.

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Rotary wing segment will grow significantly at around 6.8% CAGR from 2018 to 2024. This can be credited to the benefits offered including vertical take-off and landing operations, travel in any direction, and travel to areas with space constraints. Increasing adoption of helicopters for military applications including combat and non-combat operations further supports the segment growth. The adoption of fixed wheels and retractable landing gears depending on the weight of the helicopters will provide a positive outlook for the aerospace landing gear market growth.

Global aerospace landing gear market from commercial aviation was valued at over USD 12 billion in 2017 and is projected to continue its dominance over the study timeframe. This is attributed to the introduction of wide-body aircrafts with enhanced passenger seating capacity up to 500 passengers for long distance travel. Increasing transportation of cargo and proliferation of the commercial air freight are boosting the revenue generation till 2024.

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Global aerospace landing gear market from tri-cycle arrangement accounted for 12,221 units in 2017 and is expected to continue its dominance till 2024 owing to several benefits offered including prevention of nose over while braking at higher landing speeds, enhanced visibility from flight deck, easier maneuvering & landing, and prevention of aircraft ground looping. The reduced weight of the system along with lower drag compared to its counterparts further strengthens the volume share till 2024.

Asia Pacific aerospace landing gear market will grow significantly at around 5.7% till 20024 owing to increasing air passenger traffic. For instance, according to the Association of Asia Pacific Airlines (AAPA), multiple airlines spread across the region carried over 1,214 million passengers and 20 million cargo in 2017. The increasing population and decreasing air ticket fares coupled with proliferating tourism sector will boost the regional growth till 2024.

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The prominent players in the aerospace landing gear marketplace include Safran Landing Systems, AAR Corporation, GKN Aerospace Services, Liebherr Group, Triumph Group, and Eaton Corporation. Other notable players include Magellan Aerospace Corporation, Heroux-Devtek Inc, SPP Canada Aircraft, Whippany Actuation Systems, CIRCOR Aerospace UTC Aerospace Systems, and Aerospace Turbine Rotables.

Table of Contents (ToC) of the report:

Chapter 4 Aerospace Landing Gear Market, By Position
4.1 Aerospace landing gear market share by position, 2017 & 2024
4.2 Main landing gear
4.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)
4.3 Nose/Tail landing gear
4.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

Chapter 5 Aerospace Landing Gear Market, By Arrangement
5.1 Aerospace landing gear industry share by arrangement, 2017 & 2024
5.2 Tail wheel
5.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
5.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)
5.3 Tandem
5.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
5.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)
5.4 Tri-cycle
5.4.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Million)
5.4.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Million)

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Europe held the largest automotive turbocharger market share and is projected to continue its dominance over the study timeframe.

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The Automotive Turbocharger Market is set to grow from its current market value of more than $13 billion to over $24.5 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Increasing demand for medium sized vehicles with lower capacity engines and efficient performance is driving the turbocharger market share over the forecast timeframe. The automobile industry is undergoing technological advancements to provide higher power with reduced engine size. The ability of the product to reduce fuel consumption and emit lower carbon emissions will induce a positive effect on the automotive turbocharger market place.

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Supporting government regulations are playing a major role in boosting the automotive turbocharger market place till 2024. For instance, the sub 4-meter rule in India enables automobile manufacturers to offer a wide range of cars including hatchbacks, sedans, SUVs, and crossovers under length of four meters for benefiting from reduced tax, thereby supporting the industry share over the projected timeframe.

PCVs accounted for a revenue share of around 60% in 2017. This growth is attributed to the increasing sales of SUVs across the globe. Shifting trend towards buying compact SUVs and crossovers owing to smaller footprint along with superior power and ruggedness are boosting the segment share till 2024.

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Diesel accounted at more than 60% of the overall volume share in 2017. This dominance is attributed to the availability of multiple diesel vehicle models fitted with turbochargers across a diversified price range. Additionally, the improved fuel efficiency along with lower fuel cost compared to its counterparts strengthens the business growth. The availability of higher torque at lower RPM range along with smoother uphill driving experience plays a significant role over the study timeframe.

Europe automotive turbochargers market will grow considerably over the study timeframe. This can be credited to the presence of major automobile companies adopting turbocharging technologies across their product portfolio. For instance, Volvo is working on an innovative engine technology that combines turbocharging and supercharging technologies for providing superior power and torque.

Browse key industry insights spread across 360 pages with 582 market data tables & 17 figures & charts from the report, “Automotive Turbocharger Market Size By Vehicle (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin Turbo), By Fuel (Gasoline, Diesel), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, Japan, India, South Korea, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:

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Glimpse of Table of Content (ToC)

Chapter 4 Automotive Turbocharger Market, By Vehicle
4.1 Automotive turbochargers market share by vehicle, 2017 & 2024
4.2 PCV
4.2.1 Market estimates and forecast, 2013 – 2024, (Thousand units) (USD Million)
4.2.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand units) (USD Million)
4.3 LCV
4.3.1 Market estimates and forecast, 2013 – 2024, (Thousand units) (USD Million)
4.3.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand units) (USD Million)
4.4 HCV
4.4.1 Market estimates and forecast, 2013 – 2024, (Thousand units) (USD Million)
4.4.2 Market estimates and forecast, by region, 2013 – 2024, (Thousand units) (USD Million)

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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The growth of the wireless fire detection system market can be attributed to the increasing emphasis on preserving the building design, reducing asbestos, and improving the aesthetics coupled with the ease-of-installation of such systems

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Owing to the rapid adoption of smart technologies such as IoT and Big Data, wireless fire detection system market share has witnessed a remarkable uptick of late. The convergence of integrated solutions coupled with a marked increase in the deployment of advanced fire detection systems would further augment product demand. Apparently, the new-age systems offer enhanced aesthetics by eliminating the need for drilling holes and cabling requirements, prevent the utilization of asbestos, and provide ease-of-installation.

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The growing trend of infrastructure development in developing regions including India, Brazil, and Thailand coupled with new construction activities, tightening of fire safety and security norms, and proliferation of wireless connectivity is expected to favorably boost the demand for wireless fire detection system market over the forecast period in such regions. The rise in the adoption of radio fire alarm systems in developing regions offers a stupendous potential for market growth over the next six years. In addition, the need for enhanced safety and security features that match the laid-out compliances and protocols is expected to drive wireless fire detection system industry growth over the mature markets of Europe and North America.

Numerous technologies for sensing and detecting the presence of fire include heat detectors, smoke detectors, gas detectors and multi-sensor detectors. The ongoing trend in the wireless fire detection system market is the integration of sensors within a single detector, resulting in greater efficiency and lowered cost. The growth in the infrastructure development, facilities, and utilities has alleviated the need for the adoption of advanced sensors and detectors such as smoke detectors across the globe. In addition, the sensor technology’s conformation to various industry standards, such as ISO, EN, FCC, NFPA, UL, and CE, helps in standardizing the product offering and aid end users in making the best purchase decisions.

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Stringent government regulations regarding safety and a high degree of technology adoption have made China a dominant player in the wireless fire detection system market. China has a modern economy, which runs on reliable electricity, telecommunication, and roads & rails. Infrastructure development remains the top priority for the government of China as the government has spent huge funds on infrastructure for the economic growth.

With continuous improvements in radio fire alarm systems, these solutions are able to offer advanced features such as temporary fire alarms in cases of accidental or deliberate activation of call points and adaptability of the system to respond to real and genuine emergencies. Issues, such as radio signal interference, can be minimized by an automatic change of frequencies as needed, leading to reduced risks of system failures and improving the overall reliability. The global rise in the demand for wireless fire detection system market in industrial and commercial applications has forced several established layers to expand their expertise in the segment through product innovations or strategic acquisitions.

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Table of Contents (ToC) of the report:

Chapter 5. Wireless Fire Detection System Market, By Product (Revenue, Shipment)
5.1. Global wireless fire detection system industry share by system type, 2017 & 2024
5.2. Smoke detector
5.3. Market estimates and forecast, by region, 2013-2024
5.3.1. Photoelectric
5.3.1.1. Market estimates and forecast, by region, 2013-2024
5.3.2. Ionization
5.3.2.1. Market estimates and forecast, by region, 2013-2024
5.3.3. Dual Sensor
5.3.3.1. Market estimates and forecast, by region, 2013-2024
5.3.4. Others
5.3.4.1. Market estimates and forecast, by region, 2013-2024
5.4. Gas detector
5.4.1. Market estimates and forecast, by region, 2013-2024
5.5. Heat detector
5.5.1. Market estimates and forecast, by region, 2013-2024
5.6. Multi-sensor detector
5.6.1. Market estimates and forecast, by region, 2013-2024

Chapter 6. Wireless Fire Detection System Market, By Model (Revenue)
6.1. Global wireless fire detection system market share by Model, 2017 & 2024
6.2. Fully wireless
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013-2024
6.3. Hybrid
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region, 2013-2024

Chapter 7. Wireless Fire Detection System Market, By Installation Type (Revenue)
7.1. Global wireless fire detection system industry share by installation type, 2017 & 2024
7.2. New installation
7.2.1. Market estimates and forecast, 2013-2024
7.2.2. Market estimates and forecast, by region, 2013-2024
7.3. Retrofit
7.3.1. Market estimates and forecast, 2013-2024
7.3.2. Market estimates and forecast, by region, 2013-2024

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Technological advancements in paint technologies play a major role in expanding the automotive paints and coatings market size over the projected timeframe.

Selbyville, United States – June 27, 2019 /MarketersMedia/ —

The Automotive Paints & Coatings Market is set to grow from its current market value of more than $16 billion to over $27.5 billion by 2025; as reported in the latest study by Global Market Insights, Inc.

Rising automobile sales along with increasing consumer preference towards improved vehicle aesthetics of vehicles are driving the automotive paints & coatings market over the study timeframe. The benefits offered by the paints including protection to the vehicle base material from corrosion along with improved finishes further expands the market. Additionally, the proliferating vehicle customization alternatives based on color and graphic schemes further accelerates the business share.

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Increasing preference for refurbishment and repair services owing to rising cases of accidents and crashes are boosting the revenue generation. Additionally, customers prefer to restore their vehicles to the original aesthetic and working condition, thereby accentuating the market over the study timeframe.

Industry players are continuously investing in R&D for developing advanced environmentally friendly paints with focus on minimizing the VOC content. Moreover, major automobile OEMs are continuously innovating their product portfolio with improved paints and coatings with a focus on superior body finishes, minimizing the occurrence of scratches and color fading.

Passenger cars will grow considerably in the automotive paints & coatings market over the study timeframe. The growth can be attributed to the availability of a wide vehicle model range across diversified price range. The availability of easier vehicle financing alternatives along with discounts offered by vehicle manufacturers in festive seasons to increase their sales are further supporting the market demand. Additionally, the entry of new players in the market are supporting the revenue generation over the projected timeframe. For instance, in May 2016, Berger Paints through their subsidiary BNB Coatings entered the passenger car painting business.

Clear coat automotive paints & coatings market will showcase considerable growth owing to benefits offered by this coat in protecting primer and base coats from adverse environmental conditions. The clear coat is non pigmented and offers superior mirror finish and glossy appearance to the vehicles. Additionally, the coat is also mixed with UV blockers to protect the base coat from harmful sun rays that fades the paint.

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Europe will showcase significant growth in automotive paints & coatings market owing to stringent vehicle paint regulations. The limiting usage of VOC based paints and development of wide water-borne paints and coatings are boosting the product penetration across the region. Moreover, the presence of multiple automobile OEMs focusing on offering a wide range of vehicles with diversified paint schemes at varied costs further accelerates the regional share over the study timeframe.
Major automotive paints & coatings market players include Eastman, Nippon Paints Holdings Co. Ltd., Cabot Corp, Covestro, Dupont, PPG Industries Inc, and BAFS SE. The other notable participants are Axaltra Coating Systems, Donglai Coating Technology, Akzo Nobel NV, Wanda refinish, Valspar, and Clariant AG.

Browse key industry insights spread across 300 pages with 1998 market data tables & 13 figures & charts from the report, “Automotive Paints & Coatings Market Size, By Vehicle (Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Cars), By Coating (Primer, Basecoat, Clearcoat, Electrocoat), By Technology (Waterborne, Solvent borne, Powder, UV Cured), By Texture (Solid, Metallic, Matte), By Distribution Channel (OEM, Aftermarket), By Raw Material (Polyurethane, Epoxy, Acrylic) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, Australia, Thailand, Japan, South Korea, Indonesia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, Iran, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automotive-paints-and-coatings-market

Table of Contents (ToC) of the report:

Chapter 3. Automotive Paints & Coatings Market Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. Regional pricing
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.4.2. Cost structure analysis
3.5. Technology landscape
3.6. Regulatory landscape
3.6.1. North America
3.6.2. Europe
3.6.3. Asia Pacific
3.6.4. Latin America
3.6.5. Middle East & Africa
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. North America
3.7.1.2. Europe
3.7.1.3. Asia Pacific
3.7.1.4. Latin America
3.7.1.5. Middle East & Africa
3.7.2. Industry pitfalls & challenges
3.8. Innovation and sustainability
3.9. Growth potential analysis, 2018
3.10. Porter’s analysis
3.11. Competitive landscape, 2018
3.11.1. Top players analysis
3.11.2. Strategy dashboard
3.12. PESTEL analysis

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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North America is leading the virtual router market due to the implementation of NFV and SDN solutions in the region

Selbyville, United States – June 27, 2019 /MarketersMedia/ —

Global Market Insights presents the Virtual Router Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue.

The Asia Pacific virtual router market is projected to grow at a high growth rate during the forecast timeline. The growing adoption of 4G and the increasing spending for the development of 5G infrastructure propel the adoption of virtual routers in the region. Over the past three years, a rapid shift toward the higher speed mobile technology in the region has been witnessed. In 2016, mobile broadband technologies such as 3G and above have dominated network technologies. Japan, South Korea, and Australia are the virtual router market leaders in terms of 4G adoption. However, China will emerge as one of the key countries in 4G uptake during the forecast period with over one billion 4G connections by the end of 2018.

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The explosion of content & mobile devices, the advent of cloud services, and server virtualization are forcing the networking industry to reconsider the traditional network architecture. The traditional network architecture made sense when client-server computing was dominant. However, such static architecture is unsuitable for the dynamic storage and computing needs of the modern carrier environment and enterprises. Moreover, the increasing pressure to decrease the Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) is also encouraging the adoption of virtual routers among organizations.

A virtual route has been used in several applications including virtual broadband services, virtual route reflection, and virtual cloud gateways. These routers are deployed in Layer-2 Tunneling Protocol (L2TP) network servers and Broadband Network Gateways (BNGs) to support wholesale and residential broadband services. It enables and supports all the routing protocols and host residential service protocols such as Point to Point Protocol over Ethernet (PPPoE), Dynamic Host Configuration Protocol (DHCP), RADIUS subscriber interfaces, and Pseudowire Headend Termination (PWHT).

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Route reflection is one of the prominent applications of the virtual router. The cost-effectiveness, scalability, and high performance of virtual routers are the primary factors augmenting their demand for route reflection among network service providers. Furthermore, their ability to offload route reflection from hardware routers, which extends their lifespan by freeing up the processor cycle also drives their demand.

The intensity of the competitive rivalry in the virtual router market is high due to the existence of both, multinational network solution providers and promising regional players. The key players in the virtual router market are Cisco, Ericsson, Brocade, Juniper Network, Huawei, Nokia, HPE, IBM, 128 Technology, ZTE Corporation, Arista Networks, Palo Alto Networks, Check Point, and Tredent. The players are leveraging on mergers and acquisitions to gain technical expertise and expand their customer base. For instance, Cisco acquired Embrane in 2015 to expand its NFV and SDN offerings and gain an edge over their competitors.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Europe photoelectric sensor market is expected to grow at a rapid rate during the forecast period due to the presence of market players, manufacturers, and high adoption of these sensors for industrial automation

Selbyville, United States – June 27, 2019 /MarketersMedia/ —

The Photoelectric Sensor Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Another driving factor of the photoelectric sensor market is its advantage over other sensors. These sensors provide high reliability and long-range object detection for small parts, etc., irrespective of the shape, color, material, and surface property. The photoelectric sensor industry is proliferated by advancements in the sensor technology, such as the ability to work under harsh conditions and reliable suppression of undesirable reflections, making them even more versatile and appropriate for industrial usage. These sensors have been used in the defense sector for surveillance and biological agent detection contributing significantly towards the market growth with increasing expenditure in the military sector across developed and developing nations.

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The photoelectric sensor market is classified into retro-reflective, thrue beam and diffused, based on technology. These components based on retro-reflective technology enables the detection of transparent objects and offers cost savings due to reduced maintenance and installation costs. It provides a long sensing range and transmits a beam, which is reflected by the object and the output is generated by the receiver. Due to this capability, it is used in packaging and printing industries driving the photoelectric sensor industry growth. The working principle of retroreflective involves a reflector, which is used to reflect light from the transmitter back to the receiver and the target is detected when it blocks the beam from the reflector.

The photoelectric sensor market is witnessing a great demand in the packaging industry. Packaging plays an important role in preserving & protecting products & materials from getting contaminated or mixed with other unwanted particles. These sensors are used to count bottles on high speed conveyor, detection of contents inside the carton, and detect missing labels on bottles. The use of these sensors allows high-efficiency packaging operations by positioning the products on a conveyor, recognizing the shapes, and checking their qualities. In addition, the rapidly transforming automotive industry is further contributing towards the growth of the industry. These sensors enable several operations in vehicles including detection of objects and parking lots.

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The food & beverage industry is one of the sectors, which is expected to propel the photoelectric sensor market in the upcoming years. There are many challenges associated with the food & beverage environment including hygiene issues. Along with efficient processing, there is also a need for automated devices, which will help in avoiding contaminants, where sensors with high accuracy are required. Due to its features, such as background suppression, high-speed, and durability, it has a high demand in the industry.

Europe photoelectric sensor market is expected to grow at a rapid rate during the forecast period due to the presence of market players, manufacturers, and high adoption of these sensors for industrial automation. With the growth of urbanization, the integration of the sensor technology is propelling the market. The Asia Pacific region is expected to witness tremendous growth over the forecast period due to growth in IoT investment. With the increasing use of automated systems in sectors such as commercial electronics, the market is expected to expand in this region.

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Industry participants in the photoelectric sensor market are Schneider, Baumer Group, Omron, Pepperl Fusch, Panasonic, and Banner. Players in the market are investing heavily in R&D activities to advance existing technologies and provide customized products to the customers to remain competitive, augmenting the photoelectric sensor market growth.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rising demand for light weight fire control systems are positively influencing the fire control system market over the projected timeframe

Selbyville, United States – June 27, 2019 /MarketersMedia/ —

Global Fire Control System Market report 2025 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.

Asia Pacific fire control system market share will grow considerably on account of rising defense expenditure across the region. For instance, the Chinese government increased its defense budget growth target up to 7.5% in 2019. Moreover, countries are also engaged in procuring modern equipment to improve their military operations significantly. For instance, in April 2019, the Indian government signed a strategic contract with Russia to procure 464 T-90 tanks with advanced fire control systems.

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Incorporation of advanced sensors and tools for felicitating automated fire control operations and trajectory correction are boosting the fire control system market. Moreover, industry players are offering customized and advanced fire control systems for complying to the requirements of military. For instance, in March 2019, Leonardo entered into a strategic contract with the U.S. Army to offer vehicle-based infrared sensors for fire control systems and surveillance for a wide range of ground combat vehicles.

Based on system, the fire control system market size is segmented into target acquisition & guidance, ballistic computers, navigation, and power. Target acquisition & guidance systems will account for a considerable share over the projected timeframe owing to the development of lightweight and compact target acquisition systems by industry players. Incorporation of inertial sensors and higher adoption of these systems by military forces to enhance the nation security are further supporting the segment penetration.

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Based on platform, the fire control system market size is categorized into land, airborne, and naval. Naval segment is expected to account for a considerable share on account of rising terrorism activities on seas globally. Moreover, industry players are entering into strategic contracts with government organizations for supporting their equipment. For instance, in October 2016, Lockheed Martin announced a strategic agreement with the U.S. Navy for providing logistics and engineering support for the MK 92 Fire Control Systems.

Few of the prominent players in the fire control system market share include Raytheon Company, BAE Systems, Safran, General Dynamics Corporation, Lockheed Martin, Rheinmetall AG, Leonardo, Aselsan A.S., and Elbit Systems Ltd. Manufacturers are signing long term contracts with countries to provide fire control systems and increase their revenue share. For instance, in January 2019, the Raytheon Company announced a deal with the U.S. Navy to provide MK 99 fire control systems.

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Source URL: https://marketersmedia.com/fire-control-system-market-to-witness-exceptional-proceeds-in-asia-pacific-over-2019-to-2025/88890551

Source: MarketersMedia

Release ID: 88890551