Rising Health-Related Issues and a Desire To Live a Healthier Lifestyle Among Consumers Is the Driving the Dried Blueberries Market Growth

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Dried Blueberries (RIS) Market size was estimated at $4.8 billion in 2020, projected to grow at a CAGR of 6.3% during the forecast period 2021-2026. Dried Blueberries industry has witnessed huge demand in its application in various fields such as confectionery, personal care products, bakery products, and others. The dried berries are dehydrated fruits that are processed to lengthen their shelf life. Blueberries are rich in antioxidants, Vitamin K, iron, vitamin C, potassium, and other soluble dietary fibers are abundant in berries such as grapes and blueberries. They are often consumed as health or dietary supplements, and are used in the manufacturing of personal care products as they aid in the treatment of various skin and hair care issues such as acne, aging, hair thinning. Blueberries are delicious, nutritious, and widely consumed. They are also referred to as superfoods as they are low in calories and extremely beneficial to health. The blueberry bush Vaccinium sect. Cyanococcus is a flowering shrub that grows blueberries, which are berries with a bluish, purple hue. Blueberries are available in a number of ways, such as fresh or processed fruit, juice, and dried or flavored berries. Blueberries are used in confectionery, baking products, and a number of recipes such as jellies, preserves, and snack foods, as well as a breakfast cereal additive. Highbush and lowbush blueberries are the most popular varieties of blueberries. Owing to increasing awareness of the nutritional benefits of dried blueberries, food producers are focusing on them, resulting in a rise in demand around the world. Natural origin products with natural ingredients are becoming more common as people become more health conscious. Dried blueberries have become much more common as an ingredient in bakery and confectionery products.

Dried Blueberries Market Segment Analysis – By Product Type

Based on Product Type, Dried Blueberries market is segmented into Sun Dries, Freeze Dried, Infused Dried, Others. Infused Dried segment was accounted for the largest revenue market share in 2020 owing to its high energy sources. Blueberries are rich in antioxidants. Free radicals are unstable compounds that can kill cells and lead to aging and diseases like cancer. Antioxidants protect body from them.

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Dried Blueberries Market Segment Analysis – By End User:

Based on End User, Dried Blueberries market is segmented into Confectionery, Bakery Products, Beverages, Dairy Products, Cosmetics, Cereals & Snacks Bar. Bakery Products is accounted for the largest revenue market share in 2020 owing to the fact that bread, rolls, cookies, pies, pastries, and muffins are some of the most common bakery products, and many of them contain dried blueberries. These are usually made with oat flour or oat meal.

Dried Blueberries Market Segment Analysis – By Geography

Based on Geography, North America Dried Blueberries Market accounted for the 35% revenue share in 2020. This is majorly attributed to the presence of key market players such as Graceland Fruit and Maduri Farms. Rising health-related issues and a desire to live a healthier lifestyle among consumers is the driving the market growth.

Dried Blueberries Market Segment Analysis-Drivers

Health Benefits of Blueberries:

Antioxidant properties in blueberries help to reduce the risk of heart attacks. Antioxidants aids in the control of free radical damage that occurs in the early stages of atherosclerosis. Furthermore, dried blueberries are high in anthocyanins, which are powerful phytochemicals responsible for the blue color of berries. Aside from that, anthocyanins aid in the battle against free radicals. According to a report published in 2017 by functional food and superfood, clinical and epidemiological studies have shown a connection between anthocyanins and improved cardiovascular health.

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Dried Blueberries Market Segment Analysis-Challenges

High Cost of Blueberries:

Blueberries have a good reason for their high price. They take a long time to grow and need very unique growing conditions. That is the reason people who don’t have the time to plant their own blueberries, stock up on them when they’re on sale or also put them in the freezer if necessary.

Dried Blueberries Market Segment Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Dried Blueberries Market. Dried Blueberries Market top 10 companies are Helsu International BV, Karen’s Naturals, Bergin Fruit and Nut Company, Shoreline Fruit, LLC, Meduri Farms, Royal Nut Company, Oregon Berry Packing, Inc., del Monte Foods, Inc., Kiantama Oy, CAL-SAN Enterprises Ltd, Nturipe Farms, LLC.

Acquisitions/Product Launches:

In August 2019, Del Monte Pacific Limited Announces Plans To Restructure Del Monte Foods’ Supply Chain In The United States. In the United States, DMPL’s subsidiary operates ten factories.

Key Takeaways
According to the USDA’s agricultural research service, eating blueberries will reduce the risk of a heart attack in women by 33%.

According to the World Health Organization, nearly 17.8 million people die each year as a result of cardiovascular diseases. Furthermore, dried blueberries can help reduce the risk of heart attack, and it is expected to be a major driver of market growth.

Muscle soreness and fatigue are common side effects of strenuous exercise. Local inflammation and oxidative stress in the muscle tissue contribute to this. Blueberry supplements can minimize molecular damage, resulting in less soreness and decreased muscle performance.

However, market growth is expected to be limited by the high price of dried blueberries and the limited supply of blueberries in some countries.

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Source URL: https://marketersmedia.com/dried-blueberries-market-size-to-grow-at-a-cagr-of-63-during-the-forecast-period-20212026/89037530

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Release ID: 89037530

Growing Popularity of Organic Fertilizers Due to a Variety of Environmental Benefits, Including Improved Soil Structure and Water Conservation Is Driving the Market Growth.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Organic Fertilizers and Horticulture Products Market size is forecast to reach $13.2 billion by 2026, after growing at a CAGR of 6.5% during the forecast period 2021-2026. Globally, the increasing usage of organic fertilizers such as animal manure adds nitrogen, potassium, phosphorus, and others in numerous horticulture products. With an expanding number of health-conscious consumers seeking improved food quality and safety, the growing health and wellness trend has been establishing a strong basis for organic foods. Thus the demand for organic fertilizers and horticulture products is rising. Furthermore, organic fertilizer encourages increases in heterotrophic bacterial biomass, which boosts secondary productivity and mineralizes nutrients to boost primary productivity of horticulture products. Moreover, with increasing consumer awareness of the negative consequences of foods cultivated with synthetic fertilizers, is prompting farmers to seek out organic fertilizer alternatives.

Organic Fertilizers and Horticulture Products Market Segment Analysis- By Form

Liquid form held the largest share in the organic fertilizers and horticulture products market in 2020. Increasing usage of agricultural residues and industrial wastes to make liquid organic fertilizers are raising the demand for organic fertilizers. Since the agricultural methods are progressively gravitating toward a commitment to environmental sustainability. As a result, many farmers have begun to accept organic fertilizers. Many people use organic liquid fertilizer since it is more environmentally friendly. The efficiency of application and storage are the primary drivers of the liquid formulations segment’s growth.

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Organic Fertilizers and Horticulture Products Market Segment Analysis- By Crop Type

Cereals & Grains sector held the largest share with 24% in the organic fertilizers and horticulture products market in 2020. Increasing production of cereals & grains in various regions has raised the demand for organic fertilizers worldwide. On a global scale, total cereals & grains production has been increasing, and with the rise in cereal & grains production and consumption, it has become more important for growers to concentrate on yield and quality by employing effective organic fertilizers.

Organic Fertilizers and Horticulture Products Market Segment Analysis- Geography

Asia-Pacific region held the largest share of more than 38% in the organic fertilizers and horticulture products market in 2020. Increasing concerns about the region’s current fertilizer usage trend, heavy reliance on nitrogen fertilizers, poor nutritional management, a lack of additional inputs, decreasing soil fertility, and weak marketing and distribution systems have all emerged as major roadblocks to improving fertilizer performance. Organic fertilizers such as animal manure and plant-based organic fertilizers have developed and fueled the fertilizer market in the area as a result of these concerns. Asia-Pacific region is expected to dominate the organic fertilizers and horticulture products market in the upcoming years with the rising demand for organic fertilizers.

Organic Fertilizers and Horticulture Products Market Drivers

Increasing demand for organic foods

Rising demand for organic food products has uplifted the growth of the organic fertilizers and horticulture products market. Organic food industry growth is fueled by increasing environmental awareness and customer demand. Also, in order to avoid artificial chemicals, the consumption of organic foods has increased. According to the Organic Trade Association’s 2020 Organic Industry Survey, consumers are consuming more organic food and using more organic goods than ever before. Furthermore, in 2019, the organic industry in the United States had a banner year, with organic sales in the food and non-food sectors reaching a new high of US$ 55.1 billion, up from 5% from the previous year (2018).

Rising Innovations in the Production of Organic Fertilizers

The growth of the organic fertilizer market is being fueled by advances in the manufacturing process for organic fertilizers. Composting food wastes, rotting vegetables, fruits, grass, and leaves the traditional way takes time to turn into fertilizers. Biomax Technologies, based in Singapore, has recently created a groundbreaking technology known as the “Rapid Thermophilic Digestion System,” which can turn organic wastes into organic fertilizers in as little as a day. The organic fertilizer market is expanding as a result of these types of advances in the manufacturing process.

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Organic Fertilizers and Horticulture Products Market Challenges

Lack of Awareness

The most significant impediment to organic fertilizers development is the government’s failure to make a firm decision to support organic agriculture at the policy making stage. Simply creating regulations has turned out to be ineffective unless there is a simple and unambiguous guidance from the Center to the panchayat levels in terms of both financial and technical support. Many farmers in various countries have only hazy understandings of organic fertilizers and its benefits over chemical fertilizers.

Organic Fertilizers and Horticulture Products Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the organic fertilizers and horticulture products market. Major players in the organic fertilizers and horticulture products market are The Scotts Miracle-Gro Company, Tata Chemicals Limited, Krishak Bharati Cooperative Limited Coromandel International Limited, National Fertilizers Limited, Italpollina, ILSA S.p.A, Perfect Blend, LLC, AgroCare Canada, Inc., BioStar Systems, LLC, and Sustane Natural Fertilizer, Inc., among others.

Acquisitions/Technology Launches

In July 2020, The Indian Farmers Fertilizer Cooperative Limited (IFFCO) introduced Neem Cake, an organic manure fertilizer. The fertilizer is an all-purpose organic manure fertilizer which is rich in N, P, K, and organic carbon.

Key Takeaways

Asia-Pacific region dominates the organic fertilizers and horticulture products market owing to the rising demand for organic fertilizers, with the expanding health and wellness trend in emerging economies such as China, India, Japan, and South Korea.

Growing popularity of organic fertilizers due to a variety of environmental benefits, including improved soil structure and water conservation is driving the market growth.

The increasing adoption of organic foods and rising adoption of new production techniques for the production of organic fertilizers is further accelerating the growth of the organic fertilizers and horticulture products market.

Furthermore, rising usage of animal manure owing to their superior aeration and water retention characteristics which improve soil fertility is driving the growth of the organic fertilizers and horticulture products market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/organic-fertilizers-and-horticulture-products-market-size-forecast-to-reach-132-billion-by-2026/89038271

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Release ID: 89038271

Rise in the Adoption of New Technologies in Forming, Extruding, and Coating Is Driving the Growth of the Food Processing & Handling Equipment Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Food Processing & Handling Equipment Market size is estimated to reach $208.8 billion by 2026, growing at a CAGR of 6.2% during the forecast period 2021-2026. Food Processing & Handling Equipment refers to processing machines, systems used to cook, handle, prepare, package, and store food products. Food processing & handling equipment are primarily aimed towards palatability and perform auxiliary functions, such as preparation, handling, and packaging. These equipment are increasingly being employed to produce food product applications, such as bakery & confectionery products, dairy products, meat & poultry products, and alcoholic beverages. The rise in awareness about the importance of pasteurization, increase in the commercial availability of homogenizer equipment for alcoholic beverages, and growing investment by the key players to develop advanced food processing & handling equipment are the factors that are set to drive the growth of the Food Processing & Handling Equipment Market for the period 2021-2026.

Food Processing & Handling Equipment Market Segment Analysis-By Equipment Type

The Food Processing & Handling Equipment Market based on the Equipment Type can be further segmented into Food Processing Equipment, Foodservice Equipment, and Food Packaging Equipment. The Food Processing Equipment segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 6.7% over the period 2021-2026 . This growth is owing to the factors such as the increase in the commercial availability of homogenizer equipment for alcoholic beverages and the growing product innovations to provide advanced and efficient technologies for food manufacturers. The rise in the adoption of new technologies in forming, extruding, and coating is driving the growth of the Food Processing & Handling Equipment Market.

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Food Processing & Handling Equipment Market Segment Analysis-By Application

The Food Processing & Handling Equipment Market based on the Application can be further segmented into Bakery & Confectionery Products, Dairy Products, Meat & Poultry Products, Alcoholic Beverages, Non-alcoholic Beverages, Fish & Seafood Products, and Others. The Bakery & Confectionery Products segment held the largest share in 2020 owing to the factors such as the increase in the adoption of processing equipment including industrial ovens, mixers, blenders, and cutters for manufacturing bakery & confectionery products, and rise in the investment by the key players to develop advanced food processing & handling equipment for bakery and confectionery products. The increase in the popularity of innovative bakery products, such as pastries and chocolate-coated donuts is driving the growth of the Food Processing & Handling Equipment Market. The Alcoholic Beverages segment is estimated to be the fastest growing segment with a CAGR of 6.9% over the period 2021-2026.

Food Processing & Handling Equipment Market Segment Analysis – By Geography

North America held the largest share with 34.9% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing awareness among the food manufacturers about the importance of pasteurization and an increase in demand for filters and pressing equipment for dairy products. The rise in the commercial availability of homogenizer equipment for alcoholic beverages is driving the growth of the Food Processing & Handling Equipment Market. Asia-Pacific segment is estimated to be the fastest growing segment over the period 2021-2026.

Food Processing & Handling Equipment Market Drivers

Rise in the Demand for Hygienic and Convenience Food Products

Customers across the world are rapidly shifting towards hygienic and convenience food products owing to their busy lifestyles and rise in the standard of living. This growing inclination towards hygienic and convenience products, such as bakery and confectionery products, dairy products, and alcoholic beverages has increased the demand for homogenizer and other thermal equipment, which is further propelling the growth of the Food Processing & Handling Equipment Market.

Increase in the Adoption of Robotic and Automated Technologies

Robotics and automated technologies are increasingly being adopted across the world owing to their ability to improve food safety and also to track food over the entire value chain. The rise in awareness about the importance of pasteurization has further propelled the demand for these technologies as they easily monitor the potential status of any product, which is one of the major factors driving the growth of the Food Processing & Handling Equipment Market.

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Food Processing & Handling Equipment Market Challenges

Lack of Awareness About the Regulations of Food Safety

The governments and various food safety organizations across the world are increasingly imposing strict regulations on food processing and handling equipment owing to the rise in the prevalence of foodborne diseases. However, the lack of awareness about the regulations of food safety is one of the major factors that is estimated to reduce the growth of the Food Processing & Handling Equipment Market.

Food Processing & Handling Equipment Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Food Processing & Handling Equipment Market. Key companies of this market are GEA, Middleby Corporation, Buhler Ag, JBT Corporation, Alfa Laval, IMA Group, Multivac, Tetra Pak, Dover Corporation, and Robert Bosch among others.

Acquisitions/Product Launches:

In July 2020, JBT Corporation has launched ReadyGo Liquifusion equipment to combine food and beverage processing operations in a single system for handling a range of products, such as condiments, juices, cheese, and purees.

In June 2020, GEA has launched Whitebloc Filling System Aero that was specially designed for Extended Shelf Life (ESL) beverages for handling the process from raw material reception to final palletization and bottling.

In May 2020, Tetra Pak has launched its complete processing equipment for feta-type white cheese products. This equipment has a fully automated and integrated solution to ensure a high level of standard of food safety to market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/food-processing-handling-equipment-market-size-estimated-to-reach-2088-billion-by-2026/89038273

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Release ID: 89038273

Increasing Demand for Gelatin From the Nutraceutical and Sports Nutrition Industrial Segment Are Likely to Aid the Growth of the Gelatin Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Gelatin Market size is forecast to reach $4.9 billion by 2026, growing at a CAGR of 6.3% during the forecast period 2021-2026. Gelatin is a colorless, translucent and flavorless food ingredient. It is made from collagen taken from animal body part such as skin, tendons, ligaments, and others from different animals such as fish, pig, sheep, and bovines among others. It is rich in protein and improve joint and bone health. Gelatin is a natural protein derived from the partial hydrolysis of collagen, which is present in animal skin and bones. Gelatin has unique properties that make it especially useful as a gelling agent, binder, emulsifier, or thickener. Gelatin has a special amino acid sequence that contains a moderately large quantity of glycine, proline, and alsnine. Gelatin’s bioactivities are caused by the inclusion of biologically active peptide sequences in its primary structure. Gelatin is used in photographic films and marshmallows. It is available in various form such as capsule, powder, sheets and others. Increasing application of Gelatin in various industries such as food & beverages, pharmaceuticals, dietary supplements, nutraceutical and others are the major factors driving the growth of the market. Increasing consumption of protein-rich food products is set to further enhance the overall market development of the Gelatin Market for the period 2021-2026.

Gelatin Market Segment Analysis – By Source

Porcine held the largest share in the Gelatin Market in 2020 and is estimated to grow at a CAGR 6.8% during the forecast period 2021-2026. Pigskin contains a high concentration of collagen proteins, which are thought to be more stable than gelatin derived from other sources. Porcine gelatine is used as a stabilizer in vaccines to ensure that the vaccine stays healthy and stable during storage. Porcine is estimated to register the higher CAGR over the period 2021-2026.

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Gelatin Market Segment Analysis – By Application

Food & Beverages held the largest share in the Gelatin Market in 2020 and is estimated to grow at a CAGR 7.0% during the forecast period 2021-2026. Gelatin is a high-protein medium that can be used to make functional and nutritious food and beverage products. The growing need for nutritious foods and drinks has boosted the demand for gelatin. Gelatin is a clean label ingredient that is naturally extracted from animal connective tissues. As a result, the customer demand for clean label products is driving the global gelatin industry forward. Food & Beverages are estimated to register the higher CAGR over the period 2021-2026.

Gelatin Market Segment Analysis – By Geography

Europe dominated the Gelatin Market with a major share of 37.3% in 2020. This is attributed to increasing consumption of gelatin in this region. Furthermore, growing urbanization, increasing disposable income of the people coupled with presence of key manufactures in this region is also increasing the growth of the market in this region. However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising demand for nutritional and food and beverage products coupled with increasing preference of the people towards healthy food products. Growing awareness among the consumer about benefits offered by Gelatin is also driving the growth of the market in this region.

Gelatin Market Drivers

Increasing Demand For Functional Food And Beverages

Increasing prevalence of prostate cancer among men is increasing the growth of the Gelatin Market. The functional food industry is witnessing increased demand as customer demands for high-quality food items rise. Gelatin base, which is composed of gelatin powder, starch, and other ingredients, is used in the production of pastries, cakes, and a variety of other specialty food items. Thus, increasing the growth of the Gelatin Market during the forecast period 2021-2026.

Growing Consumption of Gelatin

Increasing consumption of Gelatin is increasing the growth of the Gelatin Market. Gelatin contain high amount of protein so that consumers are preferring high protein products. Gelatin does not contain carbohydrate or fats. A one-ounce container of gelatin powder has about 23 calories and six grams of protein. Gelatin has a unique amino acid sequence and is rich in glycine, proline, and alsnine. Thus, increasing the growth of the Gelatin Market during the forecast period 2021-2026.

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Gelatin Market Challenges

Presence Of Low Quality Products

The presence of low-quality products, as well as the lengthy period required for ingredient clearance, are hampering market development. Furthermore, raw material cost volatility and the nature of alternative products such as agar-agar are further restraining its market growth during the forecast period 2021-2026.

Gelatin Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Gelatin Market. In 2020, the Gelatin Market share is consolidated by the top ten players present in the market. The Gelatin Market, top 10 companies are, Darling Ingredients, Gelita, Nitta Gelatin, Gelnex, Italgelatine, Sterling Biotech Group, Trobas Gelatine, Lapi Gelatine, Junca Gelatines, SAS Gelatines Weishardt.

Key Takeaways

Europe dominated the Gelatin Market in 2020 owing to increasing consumption of functional foods and beverages. The Gelatin Market scope for different regions will be provided in the final report.

Increasing demand for gelatin from the nutraceutical and sports nutrition industrial segment are likely to aid the market growth of the Gelatin Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Gelatin Market report.

Presence of low quality products and variability in raw material prices are challenging the growth of the market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/gelatin-market-size-forecast-to-reach-49-billion-by-2026/89037056

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Release ID: 89037056

Rise in Awareness for Cervical Illness Are Amongst the Major Factor Projected to Impel Growth of Cervical Pillows Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Cervical Pillows Market size was valued at $1,037 million in 2020, and is anticipated to grow at a CAGR of 5.2% during the forecast period 2021-2026. The cervical pillows industry growth rate is attributed to the rising demand regarding various cervical pillows owing to rise in awareness for cervical illness and is anticipated bringing new opportunities. Cervical pillows aim to provide support to sleep apnoea, acid refluxes, etc. hence, can use cervical pillows alongside other therapeutic approaches to help relieve neck pain. A proper fitting cervical pillow helps to maintain the normal cervical curve while sleeping on back, allowing muscles and ligaments to relax and regain their normal length. This specialized pillow can also aid side sleepers by preventing unnatural bending in the neck. Also it offers support where the traditional pillow will not as these traditional pillows not always support the back of the neck and the head. Actually, the major benefit to sleeping with a cervical pillow is that it actually helps improve posture while sleep disorders like sleep apnoea. Furthermore, they also help by relieving and supporting tense muscles in the neck and shoulders thereby, increasing blood flow to the head.

Cervical Pillows Market Segment Analysis – By Material Type

In 2020, on the basis of material type, standard segment accounted for the largest segmental revenue of the cervical pillows market. The standard held the largest market on account of the fact that this material type has a greater acceptability and wider market penetration than the other types. Also, the segment is to hold its dominance through the forecast period 2021-2026 as these standard pillows undergoes improvements in the material and the material quality as well as fabrication at regular intervals.

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Cervical Pillows Market Segment Analysis – By Distribution Channel

On the other hand, e-commerce segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 5.50%. The e-commerce segment is to witness a healthy growth owing to increase in ease of use of retail e-commerce websites, rapid advancement observed in internet penetration, and growth in popularity of e-commerce shopping portals over the last decade. Moreover, the availability of a wide range of products be it for gastroesophageal reflux related or sleep related disorders and the presence of required support and information through expert customer service personnel coupled with the adoption of retail strategies, such as pricing and wide assortments by retailers is anticipated to positively impact the growth of this segmental market during the forecast period 2021-2026.

Cervical Pillows Market Segment Analysis – By Geography

North America is the major region dominating the cervical pillows market with a market share of 35.69% in the year 2020. This can be attributed to the fact that the presence of well-established infrastructure, key market players as well the constantly investing into research and development activities. Furthermore, rising prevalence of cervical disorders coupled with increasing demand of technologically advanced products as well as its adoption favor the U.S. cervical pillows market growth, which further fuels the regional market.

Cervical Pillows Market Drivers

Rapid Increase In Demand For Cervical Pillow

The cervical pillows market is poised to receive upswing owing to the rapid increase in demand for cervical pillow owing to an increasing prevalence of symptoms for neck muscle, joint strains, sprains, sleep apnoea that has resulted in all major pharmaceutical companies focusing on the R&D of therapeutic antibodies. Hence, there is a rising use of cervical pillows and is to propel the market growth over the forecast period 2021-2026.

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Cervical Pillows Market Challenges

High Cost Of Cervical Pillows

One of the major factors lowering the cervical pillows in many countries around the world is owing to high cost of cervical pillows that are obstructing market development during the forecast period 2021-2026.

Cervical Pillows Market Landscape

Cervical pillows market top 10 companies are Core Product International Inc. Chiroflow Inc., Sleep Innovations Inc., Malouf Inc., DC Labs, My Pillow Inc., Mediflow Inc., Arc4life Inc. , Coop Home Goods and others.

Acquisitions/Product Launches

In March 2021, Sleepsia launched an innovative cervical pillow that relieves neck pain and stiffness. This new and innovative cervical pillow that provides additional structural support for the head and neck region and it’s butterfly design ensures proper head and neck alignment with the spine.

In March 2020, Bedsure launched its brand new Memory Foam Contour Pillow. The pillow provides unmatched support to the head and neck at a comfortable temperature all year round.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/cervical-pillows-market-anticipated-to-grow-at-a-cagr-of-52-during-the-forecast-period-2021-2026/89037040

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Release ID: 89037040

Rise in Security Concerns of Various Industries and Fast-growing Technology in Communication Sector Is Expected to Drive the Military Communications Market Growth.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Market for Military Communications is forecast to reach $37.2 billion by 2026, growing at a CAGR of 4.3% from 2021 to 2026. The Military Communications Market is estimated to witness a sustainable growth over the forecast period majorly because of its applications in Governmental Organizations in embedded systems for communications. In day-to-day lives where end users come through many situations in which human life and other services for society are at risk and end-users require next-level communication flexibility, vast coverage, high capacity, high security, high data rate and low latency satellite communications between first responders and the receiver. It is essential to avoid or at least reduce damage during any sort of communication process. Rise in security concerns of various industries and fast-growing technology in communication sector is expected to drive the market growth. On the other hand, factors such as slow adoption of technology such as software defined radio, high installation costs, lack of accessibility, limited data capacity hinders its market growth. Lack of transparency between Military organizations and private narrow band radio network systems providers brings major challenge for the Military Communications Market growth.

Military Communications Market Segment Analysis – By Network Technology

Long-term Evolution (LTE) has dominated the Military Communications Market with 32% share in 2020 as compared to the other Network technologies. LTE network provides more efficient and faster way of communication as compared to other network technologies such as software defined radio. The requirements of public safety communications are rapidly changing in the forecast period which involves the adoption of broadband-based multimedia applications, remote surveillance, and robotic technologies such as unmanned aerial vehicles (UAVs). These demands among public safety agencies are replacing their narrow-band public safety networks with LTE-based networks. This promotes the adaption of LTE network technology.

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Military Communications Market Segment Analysis – By Type

High costs associated with the R&D and deployment of a satellite in the space is anticipated to increase the demand for the HF radio system which is cost-efficient and more reliable compared to satellite communication. This increase in deployment of HF radios especially in military end-user applications is anticipated to drive the military communication market growth. The global HF Radio Market size is estimated to grow at a CAGR of 5.1% during the forecast period 2021-2026.

Military Communications Market Segment Analysis – By Geography

North America accounts for the highest market among other regions by geography at 38.5% in 2020. The market growth in this region is predominantly rising due to economies such as United States, Canada and Mexico. Ongoing developments in technologies to increase communication flexibility, vast coverage, high capacity, high security, high data rate and low latency communications uplifts the market growth in this region. North America is closely followed by Europe in which United Kingdom has the largest market.
Military Communications Market Drivers

Ongoing Developments drives market growth

Military suppliers developed communication technology of MR and Software Defined Radio for their voice communication specialised systems based on private narrow band radio network systems such as TETRA (Terrestrial Trunked Radio) or Project25 (P25). Recently, In December 2020, Telstra and Motorola Solutions has joined together to provide Tasmania’s emergency responders and governmental organisations with a highly advanced, state-wide mission Military Communications network to effectively respond to emergencies. These technology developments involved in safety and security monitoring at vast scale is fulfilled by Military Communications systems. This vast expansion in technology boosts its market growth globally.

Rise in Public safety measures taken by Governmental Organizations

Due to increase in Governmental regulations to bring mission-critical and business-critical end-users and manufacturers together to develop business relationships and leverage high-level networking opportunities in global market has enhanced the Military Critical Communications Market globally. Initiatives such as Critical Communications World 2021, taken by Total Critical Communications Association (TCCA) has been a major step in driving its market growth. Moreover, with the implementation of Industry 4.0, end users from mining and healthcare or to transportation and manufacturing and in Public Protection & Disaster Relief (PPDR) agencies, the adoption of applications that leverage smart infrastructure and wireless connectivity to transform the ways public and employee safety are maintained. These developments and measures has enhanced the market growth of Military Communications Market.

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Military Communications Market Landscape

The Military Communications Market is dominated by major companies such as Ascom, Cobham Wireless, Ericsson, Harris, Huawei, Inmarsat, Leonardo, Mentura Group, Motorola and Nokia.

Key Takeaways

The Military Communications Market is estimated to witness a sustainable growth over the forecast period because human life and other services for society are at risk and where fast and reliable communications between first responders and the receivers is essential.

Ongoing demands of next-level communication flexibility, vast coverage, high capacity, high security, high data rate and low latency communications between military personnel and the receiver tends to promote technological advancements which uplifts market growth.

Rising security concerns in various military organizations where the communication with the responder is most important tends to drive its market growth in many Governmental Organizations.

The capabilities of LTE networks are not only bound within the Military Communications of systems on respective solutions, but to enrich them by allowing users to exchange multimedia content in addition to voice and enjoy access to mobile broadband. These features promote the adoption of LTE technology and thus enhances the market growth.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/military-communications-market-size-forecast-to-reach-372-billion-by-2026/89038285

Source: MarketersMedia

Release ID: 89038285

Rising Investment From Market Leaders and Rising Focus on Improving Customer Experience Driving the Growth of AR and VR Market

Hydearbad, India – July 24, 2021 /MarketersMedia/ —

The AR and VR Market was estimated to grow to $140.1 billion by 2026, growing at a CAGR of 38.4% from 2021 to 2026. The market is driven by the increasing popularity of Augmented & Virtual Reality Devices due to better user engagement with a high recall rate. The commerce industry saw a huge change when e-commerce concept gained mass adoption. Prominent companies such as Walmart, Blockbuster suffered when people began purchasing products online, and players such as Amazon, eBay and Netflix gathered the majority of market share. Owing to such demand, augmented reality market and virtual reality market are gaining traction. AR and VR tools inhibits the confinement of human physical possibilities and relishes one’s quest for all sorts of endeavors. Augmented reality market and virtual reality market growth is not only fueled by entertainment content but also expands to healthcare, aviation, and defense sectors in particular.

AR and VR Market Segment Analysis – By Device Type

In Device Type Segment, Video Walls stood as the fastest growing subset with an estimated CAGR of 35% during the forecast period. MAR (Mobile Augmented Reality) is expected to account for more than 52% of AR Application Market by 2026. Microsoft is now selling development versions of its mixed-reality visor called the HoloLens and Magic leap which is a new start up based in Florida has also come up with smart glasses technology, a pair of transparent glasses, which are capable of sending the user into a mixed reality world.

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AR and VR Market Segment Analysis – By End Use Industry

Engineers can use AR headsets for on job improvisation centered to the fact that the human mind processes technical information more efficiently presented in a 3D format faster than having to translate it from a 2D perspective. VR is becoming an integral backbone of numerous drill programs for future accident and emergency doctors, aiding for better preparation of practitioners for surgery using VR systems, before having to commence actual patients. A classic business application example of AR headsets can be derived from the manufacturing process of Boeing, 78-7 Freighter.

AR and VR Market Segment Analysis – By Geography

Being one of the most advanced settlement in terms of cutting-edge technology being implied in all its industrial operations, North America is reckoned to be dominating the global augmented reality market and virtual reality market demand. This region, housing some of the pioneering players such as Google Inc., Microsoft Corporation, and Facebook, is responsible for a substantial 34% of the global demand as of 2020.

AR and VR Market Drivers

Rising Investment from Market Leaders

The market for AR and VR is rising due to increased investment from market leading players. Facebook integrating augmented reality ads into its application: Facebook will be providing users an augmented reality experience via advertisements in the application. Users of the application may view fashion goods such as eye glasses and shoes, and try them on virtually.

Rising Focus on Improving Customer Experience

Augmented Reality & Virtual Reality is a perfect mix of technologies to engage a customer. A memorable happy experience often leads to a satisfied customer. AR/VR technologies are likely to give an enriching experience to the customer which increases the chances of customer satisfaction significantly. As this technology is meant to make it easy and memorable for customers and it is likely to have an upper hand in leading to satisfied customers for companies as well. Customer engagement and Interactivity is not only required after onboarding the customer but is important to aware and attract as well. These AR/VR technologies can extensively be used as marketing tools to spread awareness about a product. This enhanced customer experience offered through AR and VR solutions will drive market growth.

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AR and VR Market Challenges

Lack of Awareness of AR Content

The biggest challenge with AR is the lack of awareness of AR content from consumers. AR and VR content can come in many forms, and this could be a cause for confusion. There’s still not much clarity over whether consumers are aware these tools are available to them, or if they realize they’re engaging with AR or VR when they use them. In a recent research study conducted by GWI in the UK and U.S., we found that over 90% of consumers in these markets are aware of VR, with around 65% saying they’re aware of AR.

AR and VR Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the AR and VR market in Commerce. Key Companies operating in the market include Amazon, Ikea, Facebook, Sephora, BMW, Harley Davidson, Sotheby and various other companies.

Acquisitions/Technology Launches/Partnerships

In April 2021, Inpixon announced the acquisition of a suite of augmented reality (AR), computer vision, localization, navigation, mapping, and 3D reconstruction technologies, including patents, trademarks, software and related intellectual property from Visualix.

In April 2021, Facebook announced it has acquired Downpour Interactive, the studio behind the hit multiplayer military simulator Onward.

Key Takeaways

One of the major driver is the rise in adoption of smartphones. Hence, Mixed Reality devices incorporated/enabled with smartphones offering plug and play features would cause a paradigm shift to the mixed reality devices market. For instance, Lenovo has developed a new smartphone “Phab 2 Pro” enabled with Google Tango which offers mixed-reality features to an extent.

Both Augmented Reality and Virtual Reality technically elaborates the scope of E-Commerce and took the interaction to a whole new level altogether.

As per IndustryARC research, more than 60% of online shoppers prefer to purchase items that offer Augmented Reality on websites in one way or the other. It’s inarguable fact that both Augmented Reality and Virtual Reality has increased user interaction for many companies and helped them to upsurge their user base.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/ar-and-vr-market-estimated-to-grow-to-1401-billion-by-2026/89037126

Source: MarketersMedia

Release ID: 89037126

The Rising Adoption of Bringing Your Own Device (BYOD) in IT Enterprises, Concerns Regarding Security Are Some of the Major Factors Driving the Growth of Access Control as a Service Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Access Control as a Service Market is expected to reach $2.6 billion by 2026 at a CAGR of 15.1% during the forecast period 2020-2025. Owing to adoption of “bring your own device “(BYOD) in IT enterprises, concerns regarding security has attributed to the growth of access control as a service market. Additionally, increasing use of cloud computing platforms along with the adoption of IoT is fueling the market growth. In addition technological shift from traditional systems to the advanced security system and an increase in the use of personal devices by the employees of an organization is the primary factors are driving the growth of the medium access control market.

Access Control as a Service Market Segment Analysis – By Service

Hosted Services is expected to grow at highest CAGR of 18.7% in the forecast period through 2026 as this service offers higher level of security to the end user. The Hosted Access control system is a managed and hosted service that links multiple employees, points of entry and locations to a centralized hosting and monitoring centre.

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Access Control as a Service Market Segment Analysis – By Deployment

Hybrid cloud is growing at a CAGR of 21.4% in the forecast period owing to the increased Hybrid cloud platform that has been gaining popularity as it not only offers flexibility, scalability, and multi-cloud space, but also provides security assurance to organizations. In addition, the step toward hybrid cloud makes the integrity of data and services a major priority for organizations. Therefore, it is significant to get the right combination of access control as-a-service offerings to confirm the constant availability of data that can be coordinated across multiple platforms.

Access Control as a Service Market Segment Analysis – By Geography

North America dominated the market by a market share of more than 35.4% in 2020, owing to the presence of developed economies such as U.S and Canada. Increasing adoption of electronic security products among end users, coupled with availability of advanced technological security solutions are factors propelling growth of the target market in this region. Similarly, with the consumerization of IT, the region has widely adopted the practice of BYOD that allows employees to bring their own computing devices such as smartphones, laptops to the workplace for use and connectivity on the corporate network. Such practices have the potential to lead into cyber-attacks such as malware infiltration, man-in-the-middle attack.

Access Control as a Service Market Drivers

Increase in adoption of cloud-based services among SMEs

SMEs are continuously focusing on streamlining their business models for achieving business efficiency. The SMEs across verticals do not have stringent security measures for safeguarding their data, networks, endpoints, and applications. Cyber-attackers widely target them. These enterprises still do not have advanced cybersecurity solutions to combat the evolving threat landscape. Sophisticated cyber-attacks bypass traditional security systems easily.

Rising Security Concerns

The rising adoption of bringing your own device (BYOD) in IT enterprises, concerns regarding security are some of the major factors driving the growth of access control as a service market. Additionally, an increase in the usage of cloud computing platforms, along with the acceptance of IoT, is anticipated to boost the access control as a service market growth in the forecast period 2021-2026.

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Access Control as a Service Market Challenges

Availability of free Access Control Services

Cloud service providers offer security as a service to organizations for managing their infrastructure growth and resources, cutting costs, and delivering services quickly and efficiently. A wide range of cloud services offered by various vendors at discount prices and sometimes as bundled services for free.

Access Control as a Service Market Landscape

In 2019, the market of Access Control as a Service industry outlook has been fragmented by several companies. Access Control As A Service top 10 companies include ADS Security, AIT Ltd., ASSA Abloy AB, Brivo Inc., Centrify Corporation, Cloudastructure Inc., Dorma+Kaba Holding AG, Gemalto NV, Honeywell Security, Kisi Inc. among others.

Acquisitions/Technology Launches

In May 2021 American Alarm and Communications announced it had completed the acquisition of Phoenix Security Systems Inc. of Wilmington, MA, which provided security, access control, fire alarm, and video surveillance systems and services for more than 800 businesses and homes, primarily in the metropolitan Boston and south shore areas of Massachusetts.
In May 2019, Morphean SA has entered a technology partnership with Simons Voss to utilise Simons Voss digital access control system.

Key Takeaways

Increasing adoption of electronic security products among end users, coupled with availability of advanced technological security solutions are factors propelling the growth of the target market in North America.

Hosted Services are growing at a highest CAGR of 18.8% in the forecast period as this service offers higher level of security to the end user.

Hybrid cloud platform has been gaining popularity as it not only offers flexibility, scalability, and multi-cloud space, but also provides security assurance to organizations. In addition, the step toward hybrid cloud makes the integrity of data and services a major priority for organizations.

Access Control As A Service top 10 companies include ADS Security, AIT Ltd., ASSA Abloy AB, Brivo Inc., Centrify Corporation, Cloudastructure Inc., Dorma+Kaba Holding AG, Gemalto NV, Honeywell Security, Kisi Inc. among others

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/access-control-as-a-service-market-expected-to-reach-26-billion-by-2026/89038258

Source: MarketersMedia

Release ID: 89038258

Rapid Adoption of Cardiac Assist Devices Driving the Growth of Cardiac Assist Devices Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Cardiac assist devices Market size was valued at $1,307 million in 2020 and is anticipated to grow at a CAGR of 8.2% during the forecast period 2021-2026. The cardiac assist devices industry growth rate is attributed to the increasing focus on the growing demand for efficient cardiac assist devices in developed countries, along with an increase in the prevalence of heart failure which is poised in bringing new opportunities. Cardiac Assist Devices (CADs) are blood pumps that support the circulatory functions of severely ill cardiac patients. CADs are usually implanted in patients with acute heart failure, for example after myocardial infarction or after surgery. Furthermore, patients awaiting a heart transplant, whose cardiac function deteriorates before a suitable organ can be implanted, need circulatory support for the period before a transplant. In selected patients with dilative cardiomyopathy, a CAD might be removed after a prolonged support period, and when the patient’s own heart has recovered and can maintain blood circulation.

Cardiac Assist Devices Market Segment Analysis – By Modality

In 2020, on the basis of modality, implantable segment accounted for the largest segmental revenue of the Cardiac Assist Devices market. The implantable held the largest market on account of the fact that this modality type ventricular assist devices has shown a surge in the usage owing to an increase in the number of several myocardial infarction cases globally. Also, the segment is to hold its dominance through the forecast period 2021-2026 with a healthy growth in CAGR of 8.69% as this segment is visualizing the entry of numerous market players specifically focused into the innovation of new products hence; broadening the scope of application is also poised to hold the market share.

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Cardiac Assist Devices Market Segment Analysis – By End Users

On the basis of end users, hospital segment accounted for the largest segmental revenue of the cardiac assist value market in 2020. The large share can be attributed to the high adoption of cardiac assist devices among hospitals, owing to the emergence of the COVID-19 pandemic coupled with the increase in the number of several cardiovascular diseases cases such as myocardial infarction globally are also to boost the adoption of such devices in hospitals, and this will accelerate the growth of the hospital segment in the CADs market during the forecast period 2021-2026.

On the other hand, ambulatory care centers segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 8.50%. .

Cardiac Assist Devices Market Segment Analysis – By Geography

North America is the major region dominating the cardiac assist devices market with a market share of 37.90% in the year 2020. This can be attributed to the fact that the rise in demand for cardiac assist devices sales is increasing owing to the availability of advanced features such as connectivity with Bluetooth and smart countdown. Furthermore, the presence of well-established reimbursement policies and increasing awareness pertaining to ventricular assist devices such as bridge-to-transplant, destination therapies, etc. are boosting the cardiac assist devices market share, which further fuels the regional market.

Cardiac Assist Devices Market Drivers

Rapid Adoption Of Cardiac Assist Devices

The cardiac assist devices market is poised to receive upswing demand owing to the rapid increase in demand for several cardiac assist devices and attributed to the fact that these kits are equipped with several cutting-edge innovations, such as a smart countdown and Bluetooth connectivity that has resulted in all major pharmaceutical companies focusing on such innovative formulation technologies. Moreover, there is also a rise in the number of incidence of patients with heart failures such as myocardial infarction over the globe thereby, leaving them with little time to seek medical help hence, there is a rising use of cardiac assist devices and is to propel the market growth over the forecast period 2021-2026.

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Cardiac Assist Devices Market Challenges

High Price Of Cardiac Assist Devices

One of the major factors lowering the cardiac assist devices is owing to the fact that advanced cardiac assist devices are sold at higher prices coupled with expensive follow-up care which is hindering the market growth during the forecast period 2021-2026.

Cardiac Assist Devices Market Landscape

In 2020, Cardiac Assist Devices market share is fragmented by the top ten players present in the market. The Cardiac Assist Devices market top 10 companies are Calon Cardio-Technology Ltd., MAQUET GmbH & Co., Biophan Technologies, Berlin Heart GmbH, Teleflex Incorporated, Heart Ware International, Bioheart, Abiomed Inc., Thoratec Corporation, SynCardia Systems and others.

Acquisitions/Product Launches

In October 2019, Abbott received FDA approval for the HeartMate 3 left ventricular assist device (LVAD) as destination therapy for advanced heart failure patients who are ineligible for a transplant.

In May 2019, Abiomed launched the Impella CP commercially with SmartAssist at the 2019 Society for Cardiovascular Angiography & Interventions (SCAI).

Key Takeaways

The factors such as rising adoption of innovative various cardiac assist devices owing to rise in the incidence of heart failures and several patients with cardiovascular diseases (CVDs) such as myocardial infarction are amongst the major factor projected to impel growth of cardiac assist devices market.

Additionally, factors such as rising government funding for product development and ongoing research activities are to create opportunities paving a way for the growth in the market during the forecast period 2021-2026.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/cardiac-assist-devices-market-size-to-grow-at-a-cagr-of-82-during-the-forecast-period-20212026/89037682

Source: MarketersMedia

Release ID: 89037682

The Upsurge in Offshore Drilling Activities, Mining Activities, and Other Commercial Applications Have Driven the Demand for Advanced Unmanned Underwater Vehicles Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Global Unmanned Underwater Vehicle (UUV) Market is estimated to reach $6.5 billion by 2026, growing at a CAGR of 10.6% from 2021 to 2026. There are various stages at which value is added in the process of manufacturing and selling of the unmanned underwater vehicles including the AUV’s (Autonomous Unmanned Vehicles) and ROV’s (Remote Operated Vehicles). The value chain of the UUV (Unmanned Underwater Vehicles) is a combination of the supply chain as well as the supporting organizations. The supply chain of the UUV contains the suppliers of the raw material, followed by the component manufacturers, product manufacturers, distributors, and finally the operation/sales of the UUV. The Research and development is supporting body for the UUV development. Supporting organizations for the UUV value chain include educational institutions, industry associations, and others. The rising demand for AUVs and ROVs as drone ships for hydrographic survey and anti-submarine warfare will drive market growth.

Unmanned Underwater Vehicle Market Segment Analysis – By Type

By Type, the market is segmented into AUV, ROV and Hybrid. ROV Unmanned Underwater Vehicles are dominating in the market at 46.2% share in 2020 owing to its wide range of applications in commercial and scientific applications. Capex is yet another driver for the underwater unmanned vehicle market. The more the capital expenditure, the more will be exploration and drilling activity, which will drive the ROV market.

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Unmanned Underwater Vehicle Market Segment Analysis – By Application

Subsea exploration activity is forecast to escalate the usage of underwater unmanned vehicles market growing at a CAGR of 14.5% through 2026.The ROV operations market is driven by the start of new oilfield development, active oilrig count and the volume of offshore capital expenditure.

Unmanned Underwater Vehicle Market Segment Analysis – By Geography

By Geography the Unmanned Underwater Vehicles Market is dominated by North America with a market share of 34.5% in 2020. In North America the presence of industrial sectors along with continuous growth of technological advancement have resulted in the requirement of Unmanned Underwater Vehicles, as these are equipped with turbine engines, sensors and cameras which provides them high power density, enormous thrust capacity, good efficiency with good load capacity, fuel quality and others making them convenient in these industrial and commercial applications..

Unmanned Underwater Vehicles Market Drivers

Growing Distribution Network

The distribution network in the case of UUV’s consists of 2 members that is the Brokers and the post production service providers. Distributors are required to reduce the administrative costs and increase product awareness. There is a low value-added at this stage due to the dearth of companies that involve a distribution company. Brokers and sales representatives are local & small companies having the rights to distribute and sell UUVs. Usually manufacturers are involved in direct selling in the home market and they sell via distributors of foreign subsidiaries in other countries. Post-production support services include repair, maintenance, and training services. Service-after-the-sale is usually conducted in the manufacturing facilities. Sometimes the manufacturer may authorize service representatives that provide local support. These services involve, providing the customer support, maintaining close contact with the customer and evaluating product performance. This shift to an increasingly distributor based approach will significantly drive the market growth.

Technological Advancements:

The technological advancements have led to the adoption of cloud computing, GIS, low cost LiDAR systems, wireless technologies, high precision cameras and others. The technological advancements have resulted in the development of LAN infrastructure due to which the implementation of a software layer is possible in the Unmanned Underwater Vehicles. This software layer allows each computation module of the Unmanned Underwater Vehicles to support multiple applications by providing service to the network. Owing to the advanced technological advancements, there is a communication gateway between the Unmanned Underwater Vehicles and the ground station, predominantly procured and used in military applications. NASA has designed new technologies like cutting wing weight, shape memory technology for the buildup of more efficient and scalable Unmanned Underwater Vehicles.

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Unmanned Underwater Vehicles Market Challenges

Lack of efficiency:

Unmanned Underwater Vehicles are used in various applications such as mapping, agriculture, mining, construction and others but these drones faces many changes in terms of battery capacity, size of area, cost and others. The major restraining factor is the efficiency in terms of mapping large areas.

Unmanned Underwater Vehicles Market Landscape

Some prominent players of Underwater and Unmanned vehicles are SAAB Seaeye, Subsea7, Oceaneering International Inc., Deep Ocean Engineering, MC Schilling Robotics LLC, Bluefin Corp, Fugro Subsea, ECA Robotics, Forum Energy Technologies, Seabotix Teledyne Technologies, Kystdesign, Saipem (Sonsub), SMD (Soil machinedynamics) and others. Some prominent explorers and operators are Monterey Bay Aquarium Research Institute, Ocean Explorer, Canyon Offshore, Oceaneering International, Hibbard Inshore LLC, SaipemAmerica and others

Acquisitions/Technology Launches

In October 2020, DJI launched two new Unmanned Underwater Vehicles named “Zenmuse P1” and “Zenmuse L1”. These drones are used for data collection for precise aerial inspection and data collection missions in aerial surveying.

Key Takeaways

The upsurge in offshore drilling activities, mining activities and other commercial applications have driven the demand for advanced Unmanned Underwater Vehicles.

The Renewable Energy harvesting sector is witnessing a significant growth in the market

In North America, rise in archeological surveying, mining activities, growth of the emerging economies, investments in the construction activities and others are fuelling the growth of the market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/unmanned-underwater-vehicle-market-estimated-to-reach-65-billion-by-2026/89037155

Source: MarketersMedia

Release ID: 89037155