Category Archives: Others

Commercial Vehicle Air Filter Market Forecast to Reach $2.7 Billion by 2026

Commercial Vehicle Air Filter Market Is Estimated to Witness Substantial Growth Due to Growing Demand for Small Trucks, Pick-up Vans, and Other Light Commercial Vehicles

Hyderabad, India – July 24, 2021 /MarketersMedia/

The Commercial Vehicle Air Filter Market is forecast to reach $2.7 billion by 2026, growing at a CAGR of 4.8% from 2021 to 2026. The commercial vehicle air filter market is estimated to witness substantial growth over the forecast period. The use of Commercial vehicle for logistics industry, construction industry and others have increased in the regions such as Europe and APAC which is driving the commercial vehicle market and in turn Air Filter market is expected to have growth into the market. The rising demand for mall trucks, pick-up vans, and other light commercial vehicles is expected to boost the demand for cabin air filters and air intake filters market as this market depends on vehicle demand.

Commercial Vehicle Air Filter Market Segment Analysis – By Applications

The market is segmented by Applications into Cabin air filter and Engine air filter. Engine air filters are developed to make automobile engine work efficiently by taking account of environmental conditions. APAC is the largest market holder of commercial vehicle air filter, engine air filters tends to be used more by the vehicle when compared to cabin air filter. As engine air filter worn out fast than a cabin air filter it result into boosting engine air filter in the market. Cabin air filters purifies air which passes into the cabin and make a clean atmosphere for the driver to stay in cabin for long time. Thus this leads to boost the market in forecasted period at 5.3% CAGR through 2026.

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Commercial Vehicle Air Filter Market Segment Analysis – By Vehicle Fuel Type

BEV Filter is growing at a highest CAGR of 12.5% in the forecast period 2021-2026. Initially, the shorter driving range was one of the major disadvantages of BEVs. However, with advancements in technology, the driving range of BEVs increased significantly. For instance, including all variations of the Nissan LEAF and Tesla Models, the average battery range is 253 miles. BEV sales are also increasing, which is attributed to government incentives to OEMs for increasing electric vehicles in their fleets.

Commercial Vehicle Air Filter Market Segment Analysis – By Geography

APAC is expected to dominate the market with a largest share in forecasted period at 36% in 2020 and the region is estimated to witness the highest growth during the forecast period, 2020-2025. The United States is expected to have highest market share of North America vehicle Air Filter and is estimated to have substantial growth in forecasted period. Engine air filters resulted for substantial market share of North America vehicle Air Filter market. However cabin air filter also plays an important role into the market.

Commercial Vehicle Air Filter Market Drivers

Increase in vehicle production

Commercial vehicle such as pick up van, small trucks and other light commercial vehicle are rapidly increasing due to easy commute, for instance rise in logistic industries and e-commerce businesses resulting to increase in production of commercial vehicle which in turn expected to boost the growth of air filter market. However vehicle manufactures are increasing heavy trucks and containers for construction industries and other which are also driving the commercial vehicle air filter market. Thus increase in vehicle production will lead to increase in consumption of Air filters and is expected to have substantial growth into the market.

Advancement in technology

Advancement in air filters are expected to maintain driver health and engine safety. Air Filters are advanced in filtration which provides better air flow resulting in engine efficiency and increasing fuel efficacy. Air filters are made up of synthetic glass fibre, cellulose, and activated carbon which ensures better air flow into the cabin and engine. Advancements in air filter technology will leads to a huge opportunity for commercial vehicle air filter to propel into the market.

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Commercial Vehicle Air Filter Market Challenges

Increasing installation rate of non-replaceable filters

Although Automotive Filters are analyzed to grow at a rapid rate, increased installation of non-replaceable filters hinder the market growth. These non-replaceable filters are washable and can be used for a longer period. In the future, the filter aftermarket would be impacted by the non-replaceable filters since various filters, such as air and cabin filters, need not be changed in the entire lifespan of the vehicle. Hence increased installation of non-replaceable filters will hinder the market growth in the forecast period 2021-2026.

Commercial Vehicle Air Filter Market Landscape

Commercial vehicle air filter market is dominated by major companies such Mann + Hummel GmbH, K&N Engineering Inc., Toyota Boshoku Corporation, Parker Hannifin Corp., Cummins Inc., Freudenberg & Co. KG, Donaldson Company Inc., Sogefi Spa, Robert Bosch GmbH, Valeo S.A.

Acquisitions/Technology Launches

In April 2020, MANN+HUMMEL launched Frecious Plus, a latest innovation in cabin air filtration. The filter blocks bad smells and dust and ensure to remove almost 100 per cent of harmful dust particles and other gases.

In March 2020, Donaldson introduced its Filter Minder wireless monitoring system for air filters on heavy-duty engines. Filter Minder wireless monitoring system sensors sends filter performance data to the cloud, and provide signals about it life.

Key Takeaways

The commercial vehicle air filter market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for small trucks, pick-up vans, and other light commercial vehicles.

Air filters are now made by cellulose, and activated carbon which provide good quality air flow for better performance.

Intake (engine) Air filter is expected to have highest market growth in North America and is expected to have substantial growth into the market.

Rising in production of commercial vehicles is expected to boost up the market for both cabin air filter as well as engine air filter. However engine air filters are expected to propel more when compared to cabin air filters.

APAC to have largest market share into the commercial vehicle Air filter market. North America is estimated to witness growth 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.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/commercial-vehicle-air-filter-market-forecast-to-reach-27-billion-by-2026/89036782

Source: MarketersMedia

Release ID: 89036782

Low Speed Vehicle Market Size Forecast to Reach $6.1 Billion by 2026

Increase the Performance of the Vehicle, Having Low Cost and No Maintenance Which Is Expected to Boost the Low Speed Vehicle Market Growth .

Hyderabad, India – July 24, 2021 /MarketersMedia/

The Market for Low Speed Vehicle is forecast to reach $6.1 billion by 2026, growing at a CAGR of 7.5% from 2021 to 2026. The Low Speed Vehicle Market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for adoption of these vehicles in golf courses, hotel, industries, resorts and other areas. Low Speed Vehicle has less carbon emission and has very low noise which plays a crucial role in attracting customers to adopt low speed vehicle which is environment friendly and easy to use. These off-road electric vehicles generally run at a speed 20-25mph and mostly run on battery leading to eco-friendly transportation. Hotels and resort tend to hold highest market share in low speed vehicle due to increase in providing commutation services to their guests in personnel carriers and golf carts for gaining customer interest. North America is estimated to have highest market growth during the forecasted period due to its high number of golf courses, high geriatric population and luxury tourism.

Low Speed Vehicle Market Segment Analysis – By Vehicle Type

Low speed vehicle is segmented into vehicle type such as Golf cart, Commercial turf utility vehicle, industrial utility vehicle, personal mobility vehicle and others. Golf Cart is expected to hold the largest market share at 31% in 2020 due to increase in number of golf courses around the world along with rising geriatric population. Personnel carriers are majorly used in Hotels & resorts, playgrounds, gated communities, golf courses and others. The demand for commercial turf low-speed vehicles in North America and Europe is anticipated to increase low-speed vehicles market.

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Low Speed Vehicle Market Segment Analysis – By Application

Hotel and resorts accounted for maximum revenue share of the global Low Speed Vehicle market at 36.5% in 2020. Hotel and resort are rapidly increasing the use of low speed vehicle to provide service to their guest, this factor is likely to propel the demand for low speed vehicle market. The rise in demand for golf have increased the golf courses and in turn increased the requirement of these vehicles which is further expected to have substantial growth in the market. An increase in traveling across the globe has increased the use of low speed vehicles by airport authorities for carrying luggage and passengers and is likely to spur the low speed vehicle market.

Low Speed Vehicle Market Segment Analysis – By Geography

Low Speed Vehicle market is dominated by North America at 38% share in 2020 and is expected to have substantial growth over the forecasted period. High standard and luxury tourism in North America drives the Electronic low speed vehicle and is estimated to boost the American market in upcoming time. APAC region on the other hand is expected to have substantial growth in low speed vehicles in the field of industrial sector. For emerging industries, low-speed vehicles are used as it has less carbon emission compared to other vehicles. These vehicles comply the government norms which ultimately boost the market growth.

Low Speed Vehicle Market Drivers

Zero Carbon Emission and Low Noise

One of the major drivers of low speed vehicles market is the lower emission of gases and has less noise compared to regular vehicles. These vehicles are most preferred by airport authorities, golf courses, and industry warehouses which help them to use eco-friendly vehicles. The pollution control norms laid down by governments are compiled by these vehicles and has increased the demand for low speed vehicles. Low speed vehicles are adopted by luxury tourism as they produce less noise and carbon emission than some other vehicles. Thus, this driver is expected to boost the market in forecasted period 2020 to 2025.

Increase in Use of Batteries

The use of lithium ion batteries is rapidly increasing in low speed vehicles for its long life and high power generation. Low speed vehicle manufacturers are increasing the adoption of these batteries as they are more power efficient and have the capacity to generate higher energy, which tends to increase the performance of the vehicle, having low cost and no maintenance which is expected to boost the market growth .

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Low Speed Vehicle Market Challenges

Lack of safety

Though low speed vehicles have many advantages it lags behind in term of safety, these vehicles are not as safe compared to other vehicles. The safety issues like Braking in golf cars becomes a challenge as most these vehicles have only rear wheel breaking system which may lead to loss of control while breaking the vehicle. Hence it becomes one of the major challenges for low speed vehicle market.

Low Speed Vehicle Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Low Speed Vehicle market. The Low Speed Vehicle market is dominated by major companies such Yamaha Motor Corporation, Textron Inc., Toro Company, Polaris, Kubota, John Deere Renault, Moto Electric Vehicles, Club Car LLC., American Landmaster.

Acquisitions/Technology Launches/Partnerships

In June, 2020 Textron Specialized Vehicles Inc. has launched its Hauler 800 ELiTE electric utility vehicle, powered by Samsung SDI lithium technology. This offers zero-maintenance batteries with increased range and energy efficiency.

In January, 2020 Textron Specialized Vehicles Inc. introduced closed-loop electronic fuel injection (EFI) technology which adjusts the fuel-to-air ratio in the engine to improve fuel economy.

Key Takeaways

The Low Speed Vehicle market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for adoption of these vehicles in hotels, industries and others.

Electric vehicle is set to account for maximum revenue share of the Low Speed Vehicle market.

Hotels and resorts are expected to have maximum revenue due to increase in use of low speed vehicles for providing commutation service to the guests..

Low Speed Vehicle market is dominated by North America and is expected to hold highest market share during the forecast period, 2020-2025.

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.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com

Source URL: https://marketersmedia.com/low-speed-vehicle-market-size-forecast-to-reach-61-billion-by-2026/89038353

Source: MarketersMedia

Release ID: 89038353

5G Market Forecast to Reach $64.2 Billion by 2026

Rising Adoption of IoT and Growing Requirement for Better Digital Ecosystem Will Accelerate the Growth of the 5G Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

The global 5G Market forecast to reach $64.2 billion by 2026, growing at CAGR 65.0% from 2021 to 2026. The market growth is mainly driven by the factors including growing demand for enhanced mobile broadband services along with virtual networking architecture in telecom industry, growing investment in development of 5G and machine-to-machine communication solutions. Apart from that, rising adoption of IoT and growing requirement for better digital ecosystem will accelerate the growth of the 5G industry. In addition, demand for high-speed connections, greater reliability and access to real time information also contribute towards the market growth. In addition, 5G supports Virtual Networking Architecture (NFV) as well as Distributed Network Function Virtualization’s (D-NFV), which is specifically designed to reduce the requirement of dedicated hardware. NFV also offers location, implementational as well as cost benefits to the network providers, which plays a major role in the growth of 5G market size. Hence, these factors are set to boost the market growth for 5G Market during the forecast period 2021-2026.

5G Market Segment Analysis – By Network Infrastructure

By Network Infrastructure, this market is segmented into Standalone and non-standalone network infrastructure. Non-standalone (NSA) held the highest market share of 100% in 2020, attributed to the early rollout of NSA technology across the world and the lack of standalone implementation. Apart from that, NSA is analysed to witness significant growth during the forecast period 2021-2026. The deployment of Non-standalone solution focuses on enhanced mobile broadband services to fulfil the demand of high data-bandwidth and reliable network connectivity.

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5G Market Segment Analysis – By End-User Industry

Based on end-user industry, 5G market is segmented into Residential, Commercial, Industrialand others (government and public sectors, defence and others). The market for industrial sector is estimated to witness the highest market growth with a CAGR of 73.1%, during the forecast period 2021-2026. Growing demand for better M2M communication solutions along with increasing penetration of IoT across industries is one of the major factors fuelling this growth. In October 2020, The ETSI announced the launch of a new version of DECT which supports massive machine type communication system and can be used in building automation, asset tracking, industry 4.0, condition monitoring and others.

5G Market Segment Analysis – By Geography

APAC region is estimated to witness the fastest market growth with a CAGR of 67.5%, during the forecast period 2021-2026.Many Asian countries including China, Japan and India are investing heavily for the development of 5g network infrastructure. In December 2020, NEC Corporation set up an OpenRAN lab in India to accelerate the development of 5g ecosystem. In addition, to meet the customers growing requirement of high speed mobile broadband services, mobile carrier organizations are investing heavily.

5G Market Drivers

Rising Adoption of M2M Communication System:

With growing penetration of IoT in various sectors, the adoption of machine-to-machine communication is rising, to connect smart devices such as smart cars, machines, sensors, meters, consumer electronics and others, and to offer better digital ecosystem. In June 2020, Qualcomm Technology, JLC infrastructure collaborated with IGNITE cities to develop a suite of smart and connected technology solution, in order to fulfil the demands of customers in various sectors such as industrial, commercial, municipal as well as residential and to work as accelerator for smart city projects. According to recent studies conducted by IndustryARC, the estimated number the connected devices surpassed 30 billion across the world in 2020. Apart from that, increasing investment towards digitalization and growing requirement for high-speed communication solutions to get real-time data for M2M communication as well as analysis will boost the market growth during 2021-2026.

Growing Investment in 5G:

The investment in 5G and its adoption are estimated to grow rapidly due to the growing demand for high-speed broadband, virtual networking architecture and its ability to offer enhanced capacity, better network coverage and connectivity, greater data transmission speed compared to other network solutions. According to recent research conducted by IndustryARC, mobile network operators are estimated to invest more than $1.6 trillion globally during the forecast period 2021-2026, for the development of 5g technology. Increasing investment in 5Gs and the wide adoption of 5g are some of the major growth drivers for this market.

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5G Market Challenges

Spectrum Availability and High Cost Issues

5g networks can operate on wide range of frequencies, nearly up to 300GHz and these bands can offer ultra-fast speed, nearly 20 times more than LTE networks. However, availability and high cost of these spectrums create challenges in the path of the growth of this market. Apart from that, high capital investment also creates hurdles for the growth of this market, especially South American and Middle East region suffers due to the lack of capital investment. These challenges are poised to impede the 5G market growth during the forecast period 2021-2026.

5G Market Landscape

5G Market is consolidated with the top players including Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, ZTE Corporation, NEC Corporation, Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson,SK Telecom, Airspan Networks, among others.

Acquisitions/Technology Launches/Partnerships

In September 2020, Samsung announced that to develop 5G network infrastructure for Verizon Communication over the next 5 years, under a $6.6 billion contract.

In July 2020, Samsung launched fully visualized 5G RAN technology, which will offer better efficiency, cost effectiveness and management benefits to mobile operators.

Key Takeaways

Non-standalone technology held the major market share in 2020, due to the early rollout of this technology.

Industrial sector is analyzed to grow with the highest CAGR during the forecast period, owing to high penetration of IoT and growing demand of M2M communication across industries.

APAC is anticipated to witness the fastest growth due to the rising adoption of new technologies and growing investment for the development of 5Gs.

The market of 5G is estimated to witness significant upsurge during the forecast period, owing to the growing adoption of M2M communication and IoT across industries.

The market is consolidated with top market players including Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, ZTE Corporation, NEC Corporation, Cisco Systems, Inc. and 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.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/5g-market-forecast-to-reach-642-billion-by-2026/89037627

Source: MarketersMedia

Release ID: 89037627

Cyanate Ester Resins Market Size Forecast to Reach $423.33 Million by 2026

Growing Demand for High-temperature-resistant Resins for Manufacturing Aerospace & Defense and Medical Equipment Is Driving Growth of Cyanate Ester Resins Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

Cyanate Ester Resins Market size is forecast to reach $423.33 million by 2026, after growing at a CAGR of 9.5% during 2021-2026. Cyanate ester is a chemical compound in which the hydrogen atom of the phenol OH group is replaced by the cyanide group. Cyanate ester resins offer good processing characteristics, high-temperature stability, excellent toughness, very low water absorption, and strength with improved electrical conductivity. Thus, due to these properties and the growing demand for high-temperature-resistant resins for manufacturing aerospace & defense and medical equipment is driving the market growth. As cyanate ester resins have utility in a variety of thermosetting polymers, composite plastics, and novolac derivatives. The developing transportation sector in the emerging nations is also driving the market growth.

Cyanate Ester Resins Market Segment Analysis – By Type

Bisphenol-Based Cyanate Ester Resin segment held the largest share of more than 35% in the Cyanate Ester Resins Market in 2020. The Bisphenol-grade Cyanate Ester Resin has properties like low viscosity, low moisture uptake, superior mechanical, excellent thermal stability, low water absorption, low dielectric constant, and dissipation factor. These properties of Bisphenol makes them suitable to use in spacecraft, aircraft, missiles, antennae, Radomes, microelectronics, and microwave products.

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Cyanate Ester Resins Market Segment Analysis – By Form

Liquid segment held the largest share of more than 40% in the Cyanate Ester Resins Market in 2020. Cyanate Ester Resins in liquid form have a relatively high glass transition temperature level of over 400-degree centigrade and have low viscosity compared to solid form. Hence, liquid forms are used in high-temperature applications like electronic chip adhesives, encapsulants, and thermal interface materials. Whereas, liquid form cyanate ester resins are also widely used for manufacturing industrial composites for telecommunication & appliances, industrial equipment & machinery, automobile parts, ballistics, aerospace, and oil and gas. Thus, any industrial growth is likely to drive market growth.

Cyanate Ester Resins Market Segment Analysis – By Application

Composite & Compound segment held the largest share of more than 40% in the Cyanate Ester Resins Market in 2020. The composites materials like carbon fiber and glass fiber are used in various applications from manufacturing aerospace components to automotive parts. Cyanate ester resins are used to enhance the properties of these composites-based products like low dielectric constant, high strength, easy processability, and enhance durability. Whereas, the uses of thermosetting polymer, composite plastics, and novolac derivatives also offer many structural and weight advantages over traditional steel and injection molded automotive parts.

Cyanate Ester Resins Market Segment Analysis – By End-Use Industry

The Defense & Aerospace segment is projected to witness a significant growth of 7.4% in the Cyanate Ester Resins Market during the forecast period. Cyanate ester resins are used as a functional material in the aerospace and defense industry. Cyanate Ester Resins are used in the internal and external parts of aircraft, missiles, rockets, and radars. Cyanate Ester Resins possess properties like lightweight, high strength, excellent performance in high temperature, and 3D moldability, that makes them highly suitable to use across various aerospace & defense application.

Cyanate Ester Resins Market Segment Analysis – By Geography

Asia-Pacific segment is projected to witness the highest CARG of 11.4% in the Cyanate Ester Resins Market during the forecast period. China, Japan, South Korea, and India are the major countries in the market. The increase in demand for electronic and energy needs and consumer applications are driving the market growth in this region.

Cyanate Ester Resins Market Drivers

Increasing Demand for Cyanate Ester Based Composite Material

Cyanate Ester Based Composite Material is excellent to work with, and are being widely used in several industry like aerospace, automotive, electric, and construction. Cyanate Ester Resins are used as additives to enhance the performance of composite plastic. Increasing demand for cyanate ester-based composite plastic across various industrial applications is driving the cyanate ester resin market. Cyanate Ester based composites have high strength, workability, better thermal conductivity & high-temperature resistance, better moldability, and resistance to chemicals, which makes them suitable to use in various applications like aerospace, defense hardware, satellites, space shuttles, automobile engine component, and wind turbines.

Superior properties of Cyanate ester resins and the growing demand for Light Weight Products drive the market growth

Cyanate ester resin provide good electric conductivity, provide high strength & high durability with lightweight and provide excellent strength. Due to these properties, Cyanate Ester Resins used for high-temperature composites plastic, thermosetting polymer, and novolac derivatives also drive the market growth and adhesive applications, which are lighter in weight but have high strength, and make them fuel efficient.

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Cyanate Ester Resins Market Challenges

Decline in the aviation industry and slow growth rate in automobile sales

The COVID-19 pandemic continues to unfold every day with a severe impact on people, communities, and businesses. The growth in several industries will be impacted significantly. The growing pandemic situation has led to the weakening demand for Cyanate Ester Resins due to a sharp decline in the aviation industry and slow growth rate in the automobile sales, which is hindering the growth of cyanate ester resin market.

Cyanate Ester Resins Market Landscape

Major players in the Cyanate Ester Resins Market are Tencate Advanced Composites, Zoltek, Argosy International Inc., Novoset, Esterline Technologies Corp., Lonza, Huntsman Corp., Cytec Solvay Group, Gurit Holding AG., Kuraray Co., Ltd., and among others.

Acquisitions/Technology Launches

In May 2020, Huntsman Corp. announced the acquisition of CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets. The acquisition will enhance Huntsman product portfolio of composite and adhesives used in a wide range of applications and markets.

Key Take away

North America is projected to witness the significant growth in the market due to the demand in aerospace and medical industry, especially in the United States.

Covid 19 has impacted the global aviation industry, which hampers the growth of Cyanate Ester Resins market.

The issue related to the recyclability, and re-moldability of cyanate ester resin is also deterring the market’s 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.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
Website: https://www.industryarc.com/

Source URL: https://marketersmedia.com/cyanate-ester-resins-market-size-forecast-to-reach-42333-million-by-2026/89037172

Source: MarketersMedia

Release ID: 89037172

Large Format Printer Market Size Poised to Reach $12.0 Billion by 2026

Rise in Adoption of UV Curable Inkjet Printer Has Accelerated the Growth of the Large Format Printer Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

The global Large Format Printer Market is poised to reach $12.0 Billion by 2026, advancing at a CAGR of 3.3% during the forecast period 2021-2026. Large Format Printer is generally used to print banners, posters, wallpaper, vehicle wraps, trade show graphics, constructional plans and so on and is considered to be more economical than screen printing. The surge in demand for large format printing increases across various industries such as textiles, advertising and packaging industries and availability of wireless printing facilities provide consumers to print documents from any wireless device acts as the major drivers for the growth of Large Format Printer during the forecast period 2021-2026. Moreover the usage of UV-curable ink for large format printers to print images on board, glass and wood also accelerate the market growth. The growing popularity of Dye-Sublimation printing in event photography & photo booths also propels the market growth. In August 2020, Epson, a global provider of digital image and printing solution announced the launch of 24 inches dye-sublimation ink tank printer in India. It is designed to produce customized T-shirt, personalized awards and so on. Hence these factors drive the market during the forecast period 2021-2026.

Large Format Printer Market Segment Analysis – by Print Width

Large Format Printer with width ranging from 24” to 36”is analyzed to hold the highest share with a value of 32.2% in 2020, owing to usage in signage, CAD applications and so on. Printers with 24”-36” are technologically updated with a wide range of features such as high-speed printing, wireless printing from anywhere, inbuilt ram, compatibility with mobile devices and efficient ink cartridges. In October 2020, EPSON India announced the launch of 2 new SureColor P-Series printers 24” SureColor SC-P7530 and 44” SureColor SC-P9530, designed to capture every detail with amazing colors brilliance and accuracy. It is ideal for Photo, Fine Arts, Graphic Design and Proofing Applications.

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Large Format Printer Market Segment Analysis – by Application

By Application, the Large Format Printer Market is segmented into Apparel & Textile, Signage, Advertising, Décor and CAD as well as Technical Printing. Signage in Large Format Printer segment is growing at 28.2% in 2020 and is projected to witness fast growth during the forecast period 2021-2026, owing to the increasing usage for advertising and marketing. In May 2021, HP Inc announced the latest edition to its HP Stich Portfolio i.e. 126 HP Stich S1000 printer for soft signage and interior decorations. It is designed to provide high quality printing with greater versatility and smooth operation.

Large Format Printer Market Segment Analysis – By Geography

APAC dominated the Large Format Printer Market by a market share of more than 38% in 2020, owing to rise in use of large format printer for graphic printing, signage, textile printing and Computer aided design (CAD) as well as technical printing. APAC region is nerve center for textile industry. China and India are the largest exporters of textile in the world. As per Industry Arc recent studies, in 2019 China was the largest textile producing and exporting country in the world with a value of $119.8 Billion.Moreover, the emerging graphic printing, digital textile printing and advertising as well as marketing industry has been assessed as the key driver assisting the large format printer market growth during 2021-2026.

Large Format Printer Market Drivers

Increasing adoption of UV-curable Inkjet Printer

Rise in adoption of UV Curable Inkjet Printer has accelerated the growth of the Large Format Printer Market during the forecast period 2021-2026. UV Inkjet printer uses UV digital printing technology to transform a 2D digital image to a 3D object. It offers high quality images as well as improves productivity. UV-Curable Ink is used in printers and offer high speed,quick dry,low energy and environmentally friendly solution. It is widely used in variety of industries such as electronics, promotional, interior decoration and so on. With UV-Inkjet printer, direct printing is possible on resin, glass and metal.

Growing adoption of large format printer in vehicle wrap and home furnishing applications

Demand for digital print on curtains, wall hangings to cushions and bed covers is increasing, which accelerates the adoption of Large Format Printer for home décor applications. Large Format Printers are used to print high quality images quickly and accurately. Presently, Dye-Sublimation printers are used in home décor applications by production of more vibrant colors. In February 2020, Mimaki Engineering Co Ltd, a renowned manufacturer of industrial ink jet printer, plotter and 3D printer, announced the launch of Tx300P-1800MKII, a hybrid digital textile printer. It is designed with capabilities such Sublimation Transfer and expand the possibilities of new materials and applications drastically.

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Large Format Printer Market Landscape

The top companies in the Large Format Printer are Epson, Hewett Packard Inc, Roland DG Corporation, Mimaki Engineering Co Ltd, Agfa-Gevaert NV, Mutoh Holdings Co, Canon Inc, Ricoh Company Ltd, Konica Minolta and Xerox.

Key Takeaways

Large Format Printer with width ranging from 24” to 36”is analyzed to hold the highest share during the forecast period.

Signage is analyzed to hold highest share at 28.2% in 2020 and is projected to witness fast growth during the forecast period 2021-2026, owing to wide range of applications such as advertisement, warning signs and so on.

APAC dominated the Large Format Printer Market in 2020 with a share in excess of 38%, owing to emerging graphical industry.

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/large-format-printer-market-size-poised-to-reach-120-billion-by-2026/89038359

Source: MarketersMedia

Release ID: 89038359

Potash Ores Market Size Forecast to Reach US$1.5 Billion by 2026

Increasing Usage of Potash Ore in Fertilizers to Improve the Appearance of the Crop and Reduce the Incidence of Pests and Diseases Is Driving the Potash Ore Market

Hyderabad , India – July 24, 2021 /MarketersMedia/

Potash Ores Market size is forecast to reach US$ 1.5 billion by 2026, after growing at a CAGR of 3.2% during 2021-2026. Globally, the increasing demand for potash ores typically rich in potassium chloride (KCl), sodium chloride (NaCl) and other salts and clays, is driven by the growth of the fertilizer industry. The potash is an effective fertilizer intended for crop and plant nutrition. In addition, potash ores are the mixture of sylvite and halite, clays and iron staining, which are useful during the treatment of waste water, and contribute to the development of the market growth. Furthermore, rising R&D activities on potash as bio-fertilizers is projected to bring new opportunities for the potash ores industry to expand during the predicted period.

Potash Ores Market Segment Analysis – By Form

Muriate of Potash (MoP) segment holds the largest share in the potash ores market. Muriate of Potash (MoP), also known as potassium chloride, contains 60 percent potash. Potash is important for the growth and quality of plants. It plays a crucial function in the development of protein and sugar as well. Since muriate of potash (MoP) mixes well with most fertilizers and is easy to handle and store the demand for muriate of potash from the fertilizer industry is rising. It also defends against draught by preserving the water content of plants, which in turn is helpful for photosynthesis as leaf maintain their shape/strength.

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Potash Ores Market Segment Analysis – By Application

Fertilizer held the largest share in the potash ores market in 2020 and is projected to grow at a CAGR of 3.8% during the forecast period 2021-2026. Potash contains soluble potassium, which makes it an excellent addition to agricultural fertilizers. It ensures proper maturation in a plant by improving root strength, overall health, disease tolerance and yield rates. In addition, potash produces a better finished product, which enhances the colour, texture and taste of the food. There is no economically available substitute that adds as much potassium to soil as potash, rendering it invaluable for crops.

Potash Ores Market Segment Analysis – By End Use Industry

Agriculture segment held the largest share in the potash ores market in 2020. The necessity to engage in creative agricultural development techniques and to reduce the dependency on manual labor has fueled the market for potash ores globally. By far, most of the world’s potash production is often used in agriculture. Potash is important for agriculture because it improves the water retention, yield, nutritional value, flavor, texture, colour, and disease resistance of food crops. Potassium chloride is one of the main plant nutrients and, as such, must be added to all intensive agricultural soils in relatively significant quantities for high crop production.

Potash Ores Market Segment Analysis – Geography

Asia Pacific held the largest share with 38% in potash ores market in 2020. Development of the fertilizer industry is one of the key factors driving the demand for potash ores in this region. With the growing production and demand for potassium and phosphate fertilizers in emerging economies such as China, India, and Japan, the demand for potash ores is anticipated to increase in the forecast period.

Potash Ores Market Drivers

Increasing Demand for Potash Ores in Food and Beverages

The food sector uses potash as a general additive (potassium carbonate). It is often used as a food seasoning source. The brewing of beer is also done using potash. In German baked goods early potash was once used. It has similar properties to baking soda and was used to strengthen recipes like gingerbread or baked food. According to the U.S. Food and Drug Administration (FDA) it is verified that potassium chloride is generally recognized as healthy, as a multipurpose ingredient in foods without limitations other than the existing good manufacturing practice, which means that food producer can use potash ingredient on the appropriate levels in order to achieve its technical impact in the foodstuff.

Growing Demand from the Glass Industry

Potash is much denser than soda-lime glass; it moves more easily from molten to rigid state and is thus harder to treat in elaborate form. But it’s harder and more brilliant and provides decorative methods like facet cutting and graving copper wheeling. Also, the use of stabilizers makes the glass strong and water resistant. With the fusing mixture of potassium carbonate, calcium carbonate and silica potash glass is formed. Potash glass has a higher point of fusion and can resist higher temperatures.

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Potash Ores Market Challenges

Environmental Effects from Potash Mining

The operations of the phosphate rock and potash mining industry theoretically result in a wide spectrum of adverse environmental consequences. Environmental issues that are influenced by mining operations are grouped under air, water and land. Air quality can be impaired by pollutants of dust, exhaust particles and exhaust gasses such as carbon dioxide (CO2), carbon monoxide (CO), nitrogen oxides (NOx) and sulfur oxides (SOx), and volatile organic compounds (VOCs) from fueling and workshop activities and methane from some geological strata.

Potash Ores Market Landscape

Major players in the potash ores market are K+S GmbH, Agrium Inc., BHP Billiton Ltd., PotashCorp, EuroChem, Elementals Minerals Limited, Encanto Potash Corp., Intrepid Potash, Mining Associates, and Uralkali among others.

Key Takeaways

APAC region dominated the potash ores market due to the increasing demand for potash ores typically composed of sylvite and halite, from various end use industries owing to the expected decrease in crop prices and the residual effect of nutrient applications contributing to a drop in consumption.

Increasing usage of potash ore in fertilizers to improve the appearance of the crop and reduce the incidence of pests and diseases is henceforth driving the potash ore market development.

The need to participate in innovative agricultural production strategies and to reduce the dependency on manual labor has fueled the market for potash ores globally.

Rising environmental concern with the effects of potash mining will hamper the growth of the potash ore market growth over the forecast period.

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/potash-ores-market-size-forecast-to-reach-us15-billion-by-2026/89037518

Source: MarketersMedia

Release ID: 89037518

Terahertz Market Size Forecast to Reach $ 1701.34 Million by 2026

Increasing Demand for Terahertz Technology in Medical Sector Driving the Growth of Terahertz Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

The Global Terahertz Market size is forecast to reach $ 1701.34 million by 2026, growing at a CAGR of 28% from 2021 to 2026. The growth of Terahertz market is attributed to applications of terahertz submillimeter radiation in fields such as spectroscopy, photovoltaic, medicine, pharmacy, quality assurance, dentistry, communication, and astronomy. Additionally, increasing applications of terahertz in cancer treatment and increasing adoption of terahertz spectroscopy in food inspection industries for quality check are also the contributing factors for the growth of the market.

Terahertz Market Segment Analysis -By System Type

System based on imaging held the highest market share in 2020 with market revenue of around 130.5 million. This system includes imaging by Canning, incoherent imaging and others. Deployment of such systems in food& beverages, healthcare, biomedical and others uplifts the market growth.

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Terahertz Market Segment Analysis -By Application Type

Industrial NDT segment held the highest market share in 2020 with market revenue of around 128.9 million. Terahertz-based non-destructive quality inspection is becoming increasingly common, especially in the automotive and aviation industries. Terahertz waves is used for non-destructive testing to examine multi-layered systems and can help detect anomalies such as foreign material inclusions, heat injury, mechanical impact damage, and water or hydraulic fluid ingress. Increased use of terahertz technology in these sectors has propelled the market growth.

Terahertz Market Segment Analysis – Geography

The region of Americas held the highest market share in 2020 with market revenue of around 145.37 million. Market growth is attributed to significant R&D investments in this region within the sectors including military and defense, automotive and others. Rising investments in the military have created demand for sophisticated surveillance applications, including terahertz sensors, alarms, explosives detection imaging devices, bombs, biochemicals, and others. Consequently, increased deployment of terahertz technology in these sectors is set to enhance the growth of market. According to Stockholm international research peace research institute (SIPRI), the military expenditure in the U.S. has been increased from $669.44 billion in 2016 to $731.75 billion in 2019. Moreover, APAC region is anticipated to witness significant market growth with CAGR 30.9% during the forecast period 2021-2026.

Terahertz Market Drivers

Rising demand from semiconductor industry

The key factor driving the market’s growth is technical innovation in the emerging semiconductor industry. Semiconductors are the brains of contemporary electronics, allowing cutting-edge innovations in fields such as healthcare, networking, computing, and transportation, among many others. For instance, EOTPR, or electro-optical terahertz pulse reflectometry, is an ultra-fast laser source-driven electro-optical device that has successfully applied terahertz to microelectronics in fault isolation and defect detection. In February 2021, the Semiconductor Industry Association (SIA) announced the global semiconductor industry sales were $439.0 billion in 2020, an increase of 6.5% compared to the 2019 total of $412.3 billion. Thus the growth in the market of Semiconductor tends to drive the market of Terahertz owing to its applications.

Increasing Demand for Terahertz Technology in Medical Sector

High demand in research laboratories and process control monitoring processes, as well as growing application of high-end terahertz instruments in biology and medical science, are some of the factors driving market development. Terahertz has a lot of upside in biomedical research owing to its special features like non-invasive and label-free living cell recognition and medical imaging. Terahertz technology is widely used for blood cell detection, cancer cell characterization, bacterial identification, and biological tissue discrimination that are increasing the growth of terahertz market.

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Terahertz Market Challenges

Increasing deployment of alternative technologies

Alternative technologies such as new-infrared (NIR) imaging have been developed for surveillance and defense applications. This alternative technique uses simple, low-cost electronics and is more compact and user-friendly than terahertz technology, which is restricting the terahertz market’s expansion.

Terahertz Market Landscape

As of 2020, the market for Terahertz market is consolidated with the top players including Advanced Photonix, Inc., Menlo Systems GmbH, Microtech Instruments, Inc., TeraView Limited, Toptica Photonics AG, Digital Barriers PLC, Advantest Corporation, Acal PLC, TeraSense Inc., Applied Research & Photonics Inc. and among others.

Acquisitions/Technology Launches/Partnerships

In March 2020, Digital Barriers PLC launched remote fever screening solution to help safeguard frontline workers with a highly effective means of quickly identifying staff and customers who show sign of an infection,minimizing transmission securities.

In November 2019, TeraView, announced the launch of its latest high performance terahertz system, the TeraPulse Lx. The system is portable and positionable for imaging a variety of objects, and provides large area scanning (30 cm x 30 cm) with a unique auto-focus capability to ensure that contrast and resolution are maximised in images

Key Takeaways

Rising investments in the healthcare sector along with growing implementation of Terahertz for blood cell detection, cancer cell characterization, bacterial identification, biological tissue discrimination and others are anticipated to open up new opportunities for market growth.

In the U.S, increased adoption of terahertz technology has changed the manufacturing scenario in the America region, thus propelling the market growth.

Key companies such as RaySecur Inc. (U.S), Lumitron Technologies (U.S) and many others has developed a new advanced terahertz technology such as MailSecur, Micro-radar & algorithms for the security purpose that increases the demand for terahertz 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/terahertz-market-size-forecast-to-reach-170134-million-by-2026/89037526

Source: MarketersMedia

Release ID: 89037526

Anti-Corrosion Coating Market Size Forecast to Reach $24.7 Billion by 2026

Rising Investments for Infrastructure Development Driving the Growth of Anti-Corrosion Coating Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/

Anti-Corrosion Coating market size is forecast to reach $24.7 billion by 2026, after growing at a CAGR of 5.5% during 2021-2026. Anti-corrosion coatings are used to protect metal/alloys from natural degradation caused by different corrosive agents such as moisture, chemicals, salt, and others. They act as a barrier between the surface and the corrosion agent, and prolong the life of the structure as well as enhances its efficiency and aesthetic value. As anticorrosion coatings are extensively used in the oil & gas industry for coating various equipment’s including oil storage tanks, drill bits, and drill pipes, the growth in the oil & gas industry will drive anticorrosion coatings market growth. The growth in automotive production will drive anticorrosion coatings demand. For instance, according to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally, and the number will increase up to 125 million by 2030. Whereas, the growing demand of Chlorinated Rubber, Epoxy coating, and Polyurethane-alkyd resin coatings due to growing use for maintenance paints, traffic marking, swimming pool paint, adhesives, and fire retardants further drive the growth.

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Anti-Corrosion Coating Market Segment Analysis – By Application

Oil & Gas is the dominant application for anticorrosion coatings market and is anticipated to grow at a CAGR of 3.86% through the forecast period. In the oil & gas industry, corrosion in the pipelines or storage system due to reactive chemicals or organic salt in the oil can eventually cause a loss of containment of process fluids or can lead to a serious accident affecting workers, the environment, and the economy. Therefore, to reduce the risk of corrosion and safeguard the equipment containing crude oil and protect the whole refinery process, anticorrosion coatings like Epoxy coating and Polyurethane-alkyd resin-based coatings are widely used in this industry.

Anti-Corrosion Coating Market Segment Analysis – By Geography

APAC dominated the anti-corrosion coatings market with a share of approximately 56% in 2019, owning to growing investments in the infrastructure and construction industry in emerging countries such as China, India, and Japan. In 2019, China approved to invest $142 billion in 26 infrastructure projects. In addition, according to India Brand Equity Foundation, India plans to spend US$ 1.4 trillion on infrastructure in the next five years. Therefore, the growth in infrastructure projects is driving anticorrosion coatings demand in the region. Furthermore, the growing investment in road safety,

Anti-Corrosion Coating Market – Drivers

Rising investments for infrastructure development

Anti-corrosion coatings are extensively used in the iron pillars of the building, which reduces the risk of damage caused by rusting or corrosion, as well as it is also used as roof-top coating preventing any reaction from the atmospheric pollutants. A surge in economic losses owning to corrosion of structure has increased the usage of anticorrosion coatings in the construction and infrastructure sector. In addition, the investment in infrastructure development is significantly increasing which is driving anti-corrosion coatings market growth. For instance, in 2019, China government invested 1.9 billion on 13 public housing projects.

Growth in automotive and aerospace industry

According to International Trade Administration (ITA), China is the world’s largest vehicle market. The Chinese government is expecting that automobile output will reach 35 million by 2025. According to China Association of Automobile Manufacturers, over 27 million vehicles were sold in 2018. In 2017, according to International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market an increase of 0.9% from 2016. According to OICA in 2018, global light commercial vehicles production increased from 19,482,394 to 20, 635,799 i.e., 5.9% from 2017. In addition, according to Boeing, 44,000 new jetliners are required over the next two decades owing to a rise in passenger traffic, which is expected to grow at an average annual rate of 4.6% over the next 20 years.

Growing demand for durable and wear-resistant metals

Globally, large investments are being made in the development of metals products for infrastructure and vehicles, energy production and machinery, building materials, and even consumer products. These investments are fuelled by the need to develop metals that are durable, stronger, and wear-resistant throughout their use. Anti-corrosion coatings protect metal or other surfaces from natural degradation caused by different corrosive agents such as moisture, chemicals, and salt. Globally, corrosion causes huge financial losses in a large number of industries.

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Anti-Corrosion Coating Market Landscape

Major players in the Anti-Corrosion Coating market are BASF SE, Hempel A/S, PPG Industries, Kansai Paint Co., Ltd., Jotun, Axalta Coating Systems, AkzoNobel N.V., The Sherwin-Williams Company, RPM International Inc., and Nippon Paint Holdings Co., Ltd., among others

Key Takeaways

APAC dominated the anticorrosion coatings market with a share of approximately 56% in 2020, owing to growing investments in the infrastructure and construction industry in emerging countries such as China, India, and Japan.

In oil & gas industry, corrosion in the pipelines or storage system due to reactive chemicals or organic salt in the oil can eventually cause a loss of containment of process fluids or can lead to serious accident affecting workers, environment and economy. Therefore, to reduce the risk of corrosion and safe guard the equipment containing crude oil and protect the whole refinery process, anticorrosion coatings are widely used in this industry.

Waterborne technology is gaining popularity, as it possesses low levels of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs).

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/anti-corrosion-coating-market-size-forecast-to-reach-247-billion-by-2026/89038363

Source: MarketersMedia

Release ID: 89038363

Display Market Size Forecast to Reach $166.4 Billion by 2026

An Increase in Automated Embedded Devices Is Expected To Spur the Growth of the Display Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

The Display Market size is forecast to reach $166.4 billion by 2026, growing at a CAGR of 4.2% from 2021 to 2026. The Display market is estimated to witness substantial growth over the forecast period primarily due to the growing demand of Displays in medical, automation, industrial, wearable, and other sectors. Displays are fast in executing a color and organic Light Emitting Diode and Liquid Crystal Display display interfaces, with features such as touch screen as well as non – touch screen along with smart graphical user interface. It comprises of hardware and software, the compatibility of Displays depends on Embedded software.

Display Market Segment Analysis – By Technology

The market is segmented by Technology into Liquid Crystal Display, LED, Organic Light Emitting Diode and others. The High pixel-pitch, brightness, enhanced efficiency, high light intensity, enhanced power efficiency, long lifespan and high scalability makes LED technology much more acceptable and is expected to propel the market growth. In the forecast period 2021 – 2026 LED displays are expected to set significant and fastest growth in Display market at 5.9% due to increase in adoption of Display in automotive sector and medical sector where LED Displays are being used more.

Display Market Segment Analysis – By Device Type

The fixed device is expected to hold largest market share in the forecast period at 66%. Its affordable price, high scalability, longer life, contrast and pixel resolution and more, makes fixed device to be accepted more into the market than portable devices.

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Display Market Segment Analysis – By Geography

Display market is dominated by APAC at 39% share in 2020 followed by Europe. The Research and development activities at the industry-level in North America is continuously rising and making rapid advancement in automated embedded device technology which is increasing the adoption rate of Display devices in healthcare, automotive, industrial sectors, defence and others. The presence of large number of end device manufacturers in APAC is also expected to spur the market.

Display market Drivers

Increase in use automated equipment

Different sectors are adopting automated equipment for different purposes, this adoptions has a great impact on Displays which are available in high efficiency at low cost and is expected to enhance the market growth. The embedded devices are extensively used as they provide long lifespan and high scalability along with high intensity, brightness and more. The factors such as affordable price, efficient brightness, and longer life boost the organic light emitting diode and liquid crystal Display market and are set to have fastest growth in the market during the forecast period. The higher adoption rate of Displays by medical, education, automotive sectors is expected to spur the market growth.

Increase in adoption of Display in 3D systems

The use of Displays in 3D systems is also one of the drivers enhancing the market growth. The rapid development in advanced technologies in Displays enables the user to use it for the 3 system. Consumer, industrial, medical, automotive and other sectors use 3D systems which requires Displays for projecting the dimensions and this factor is expected to set significant growth into the market.

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Display market Challenges

Increase in adoption of widescreen display

For the past few years entertainment, educational, commercial and other sectors are considering the use of widescreen displays. These displays provide wider screen than the normal display. The projectors which are used for widescreen displays are offered in affordable price with high definition which makes widescreen display as an alternative of the Displays and becomes one of the major challenges for Display market.

Display Market Landscape

The Display market is dominated by major companies such as Microsoft Corporation, Eaton Corporation, Green Hills Software Inc., Intel Corporation, Anders DX, Avnet Inc., Planar Systems, EDT, and Ansys.

Acquisitions/Technology Launches/Partnerships

In May 2020, Planar Introduced Planar FX Series a high brightness LED displays for Indoor and outdoor applications.

In March 2020, Ansys announced a partnership with Physical Optics Corporation for the development of avionics for military aircraft of US. The partnership aimed to accelerate their products certification and development by integrating new functionality at a much lower cost and enabling a faster path to market.

Key Takeaways

The Display market is estimated to witness substantial growth over the forecast period primarily due to an increase in adoption of Display by automation, medical, wearable, and other sectors.

Due to high efficiency, longer life, high intensity, high pixel-pitch and brightness LED technology in Display is expected to have substantial growth over the forecasted period.

Rise in adoption of automated embedded devices in the market has a great impact for the market growth of Displays. The high quality display at low cost makes the Displays propel into the market.

It is observed that in the recent past research and development activities for Displays in North America are rising, thus creating a market for Display as this has a great impact on adoption by medical, automation and other sector.

Display market is dominated by APAC followed by Europe. APAC region is also considered to have the fastest growth due to increase in automation and other sectors by the countries like India, China and 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/display-market-size-forecast-to-reach-1664-billion-by-2026/89037522

Source: MarketersMedia

Release ID: 89037522

Non Relational Database Management System Market Forecast to Reach $45.4 Billion by 2026

Supports Low Latency Applications and Increasing Storage Capacity Driving the Growth of Non Relational Database Management System Market

Hyderabad, India – July 24, 2021 /MarketersMedia/

Global Non Relational Database Management System Market is forecast to reach $45.4 billion by 2026, growing at a CAGR of 12.7% during the forecast period from 2021 to 2026. The Non Relational Database Management System market is driven primarily by the factors such as increasing structured as well as unstructured data in the market due to fast growing businesses and industries across the globe as well as increasing demand for NoSQL databases and schemaless databases. Moreover, high flexibility and elastic scalability are some major reasons for rising popularity of Non Relational Database Management System systems. High demands for low-latency Document database applications are expected to fuel the market growth of non relational database management system in the near future.

Non Relational DBMS Market Segment Analysis – By Organization Size

Large enterprises held the largest share in the Cloud Database Market in 2020 and is projected to grow at a CAGR of 11.1% through 2021-2026. Large enterprises are majorly opting for private cloud databases based on No SQL implemented storage thereby ensuring security along with additional benefits including reduced infrastructure configuration, management overheads and so on. Enterprises can use the cloud virtualization solutions, tools and databases to develop their cloud based applications and solutions. The rising usage of databases as a virtual image machine will further drive the market.

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Non Relational DBMS Market Segment Analysis – By End Use Industry

IT and Telecom held the major market share in the Non reelational DBMS Market in 2020 and is also analyzed to grow at highest CAGR of 9.7% during the forecast period 2021-2026. Document Databases are majorly deployed in IT industry majorly owing to the advantages such as high scalability, low cost and accessed through cloud platform.

Non Relational DBMS Market Segment Analysis – Geography

North America is expected to have a major growth in the global Non Relational Database Management System market during the forecast period from 2021 to 2026. The presence of key players such as Oracle Corporation, IBM and Microsoft are acting as major drivers for the growth of Non Relational Database Management System market. Oracle contributed for a major share in the cloud database market during 2020, thus adding to the growth rise in the U.S market. Increasing demand of cloud computing by large enterprises can also help in fuelling the market growth for DBMS market.

Non Relational DBMS Market Drivers

Supports low latency applications

The rising demand of Non Relational Database Management System systems are growing due to overcoming problems faced by relational database systems. The Dynamo DB by Amazon is helping to trigger the market growth of Non Relational Database Management System systems due to its use in low latency applications. Investments of fast growing businesses and various enterprises towards the Non Relational Database Management System due to their high demands towards a highly flexible and scalable system to support heavy critical workloads.

Increasing storage capacity

With rapid technological growth, there is rise of structured as well as unstructured data in the market. Large enterprises as well as small scale businesses, both require a flexible database to store their huge amounts of data securely. With the adoption of cloud database systems, industries are able to store their massive amounts of data efficiently as cloud offers high storage capacity.

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Non Relational DBMS Market Challenges

Security reasons

As the technology is advancing at a rapid pace, adoption of cloud based technology in advanced data management systems are gaining popularity in the database market With the use of Non Relational Database Management System systems, data storage and management has become more smooth and efficient.

Non Relational DBMS Market Landscape

The major key players in the Non Relational Database Management System Market include IBM Corporation, Amazon Web Services, Oracle Corporation, Microsoft Corporation, Google, Redis labs, Rackspace Inc., MongoDB Inc., Alibaba Cloud, SAP and Tencent.

Partnerships/Product Launches/Acquisition

In February 2020, Couchbase launched fully manageable database service called Couchbase cloud for enterprises. This cloud database service will help the customers to retain full control on their data using their own virtual private cloud. As per company claims, this database service will be providing support to multiple cloud providers and offer multiple pricing options regarding user’s infrastructure consumption.

In October 2019, Alibaba Cloud had collaborated with Mongo DB which helped China to get access of authorized MongoDB service This partnership was made by Alibaba in order to provide customer management support for current and future MongoDB versions with bug fixes. As stated by CEO of Mongo DB, this new partnership with Alibaba had helped it to establish its database service in a new market and also got selected in the list of top three cloud providers.

Key Takeaways

The Cloud model is expected to have a major growth during the forecast period 2021-2026 owing to its use in mobile, web, adtech and many other related applications.

Key market players such as Oracle Corporation and Amazon Web Services contributed with major shares in the database management market in 2020, which helped in fuelling the market growth in North America region.

With large industries facing problems for storing their massive amounts of data, adoption of cloud database systems can help them majorly in successfully managing sensitive company information systematically.

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/non-relational-database-management-system-market-forecast-to-reach-454-billion-by-2026/89036753

Source: MarketersMedia

Release ID: 89036753