Specialty Food Ingredients Market Size, Future Forecasts, Growth Rate, and Industry Analysis 2026

New York City, 14 Feb 2020: According to a new study published by Polaris Market Research the global specialty food ingredients market is anticipated to reach USD 67.76 billion by 2026. The specialty food ingredient sector has outperformed other wider sectors of the food & beverage industry. This is due to the shift in dynamics within the food & beverage industry such as the changing consumer demands for more organic, natural and highly nutritious processed foodstuffs. Several studies have shown that the relationship between the specialty ingredients and processed food industry are evolving due to higher levels of collaborative innovation and product developments to fulfill stringent regulations and new consumer trends. A larger share of the value chain has been dominated by a relatively smaller number of ingredient suppliers, thus creating valuation and margin opportunities globally.

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These products also add to higher sustainability during processing of food, apart from offering their conventional functions for the food stuff. The components help to increase efficiency in food processing by limiting the quantity of raw material requirements and making the optimum use of it. Moreover, with their nutritional, technological and health related functions these product also offer other advantages such as enhancement of taste, higher food safety, and extended food choices and affordability. These factors have been crucial in considering specialty ingredients an integral part of the food supply and hence demand of these micro and macro constituents of food is expected to surge substantially in the immediate future. Also, the food industry being a innovation driven, the specialty ingredients sector is a key contributor in enhancing the competitiveness of the entire value chain.

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Key Findings from the study suggest that the largest share of the market in 2017 was of the Asia Pacific region. The region has been a substantially influential market in supply of these products to the other regions. China is one of the largest industries in the Asia Pacific and also globally with presence of an extensively diverse ingredient manufacturing sector with over hundreds of multinational and national players currently operating in the country. Some of the imperative factors for the higher growth of the regional industry include the increasing spending power, burgeoning economies, presence of a youthful population, growing westernization of FMCG market, increasing urbanization and a mounting interest in health and wellness among the consumers. North America is another significant market, which is home to most of the leading multinational ingredient manufacturers. The U.S. is the largest producer of these products in the region with over 85% of the companies concentrated in the country.

Some of the global manufacturers in the market include Cargill Inc., Royal DSM N.V., DuPont, Tate & Lyle, CHR. Hansen Holding A/S, Archer Daniels Midland (ADM), Kerry Group, Ingredion, General Mills, BASF, ABS Food and Givaudan.

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Magnetic Sensors Market Growth Prospect, Future Trend, Comprehensive Analysis and Forecasts to 2026

New York City, 13 Feb 2020: According to a new study published by Polaris Market Research the global magnetic sensors market is anticipated to reach USD 4,680.3 million by 2026. The growing acceptance of e-compasses owing to their competence to improve the navigation experience of the users’ is anticipated to mount the application of magnetic sensors in automobiles during the coming years. Moreover, the implementation of these sensors is rising in consumer electronics application such as smart phones, and tablets, which is expected to propel the opportunities of magnetic sensors in the consumer electronics segments during the forecast period

In the end-user segment, for consumer electronics market for magnetic sensors is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to its wide usage for navigation purpose in smartphones as in the modern day, almost every smartphone is integrated with e-compass. In smartphones, e-compass acts as a digital compass providing positioning of the smartphone concerning Earth’s magnetic field thus, facilitating the smartphone to sense the precise direction.

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The market in Asia Pacific and Europe together contributed the highest share. The presence of large automotive sector in European countries and consumer electronics manufacturers in Asia Pacific is bolstering the market growth. The emerging economies of Asia Pacific region such as China, India and other Southeast countries are contributing to the market growth with the increasing spending capability of population resulting in increased demand for consumer electronics, cars, gaming devices and others.

For instance, sale of cars in China surpassed the sales of US. Also, the semiconductor industry of Asia Pacific region is growing at a high pace thus, propelling the market growth for magnetic sensors.

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Major companies profiled in the report include Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc., Robert Bosch GmbH, NVE Corporation, Allegro Microsystems, Inc., Infineon Technologies AG, Melexis Corporation, austriamicrosystems AG (AMS), and NXP Semiconductors among others. However, the constant decrease in the average selling price of magnetic sensors components is restricting the entry of new players in the market.

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Key Findings from the study suggest Asia Pacific and European region is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 38% over the forecast period. The magnetic sensors market is presumed to develop at a CAGR of over 8.2% from 2018 to 2026. The consumer electronics and automotive segment is presumed to display the speediest development. The increasing implantation of magnetic sensors in several consumer electronics including budget smartphones, as well as growing demand for smart watches and fitness bands is driving the growth in APAC region.

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Lubricants Market Size, Future Forecasts, Growth Rate, and Industry Analysis 2026

New York City, 13 Feb 2020: According to a new research published by Polaris Market Research the lubricants market is anticipated to reach over USD 169.4 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

The growing manufacturing industry, rapid industrialization, and modernization of industrial machinery drive the growth of this market.  Other driving factors include growing automotive production, rising applications in mining industries, and increasing government initiatives to support industrial growth. However, high prices of bio-based and synthetic lubricants are expected to hamper market growth. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

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The demand for lubricants from the industrial sector has increased over the years. The increasing need for automation and strong growth in industries support the adoption of lubricants. In the industrial sector lubricants are used for various applications such as air compressors, transformers, heat transfer systems, auxiliary equipment, metal working, and natural gas compressors among others. Lubricants are also used in wind turbines, refrigeration, paper machines, quenching, and bearings.

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing growth of automation in manufacturing industries in the region coupled with high disposable income drives the market growth in the region. The rapid industrialization in China, Japan, and India, along with significant growth in transportation, construction, and mining industries would support market growth during the forecast period. The rising trend of bio-based lubricants, and increasing environmental concerns are expected to provide growth opportunities in the coming years.

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The different applications of lubricants include industrial, automotive, and others. In 2017, the automotive segment accounted for the highest market share. The increasing demand of lubricants from automotive, marine, and aviation sectors has increased significantly over the years. The growth in automotive industry, especially in Asia-Pacific coupled with growing disposable income and improving living standards support the growth of lubricants in automotive sector.

The well-known companies profiled in the report include Exxonmobil Corporation, Idemitsu Kosan Co. Ltd, Sinopec Limited, Royal Dutch Shell PLC., Chevron Corporation, BP PLC., Amsoil Inc., Nippon Oil, Quaker Chemical Corporation, Fuchs Petrolub AG, Total S.A., and Luk Oil among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers

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The well-known companies profiled in the report include Whirlpool Corporation, Robert Bosch GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics, Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Kitchen Appliances Market Growth Prospect, Future Trend, Comprehensive Analysis and Forecasts 2026

New York City, 13 Feb 2020: According to a new report published by Polaris Market Research the worldwide kitchen appliances market is anticipated to reach USD 340.9 billion by 2026. In 2017, the refrigerator segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The changing lifestyles and hectic schedules of the working professionals lead to growing demand for kitchen appliances. Consumers prefer kitchen appliances, which are easy–to-operate and facilitate faster cooking. Rising disposable income is one of the factors responsible for the growth of the market. Increasing propensity of consumers to spend on appliances to lead convenient lives has also resulted in an increased demand for kitchen appliances.

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The other factors responsible for the growth of the market are convenience in fast cooking and healthy food consumption. Players in the market are launching cooking appliances which enable faster cooking while keeping the nutrients of food intact. Introduction of energy efficient cooking appliances equipped with multiple cooking functionalities are available in the market to cater to the consumers in the market. Moreover, the increasing trend of smart appliances would also encourage manufacturers to launch innovative kitchen appliances, which are compact and easy-to-use.

There has been a considerable increase in middle class and young working population across the globe. Rising female working population and busy schedules of people have led to an increasing demand of kitchen appliances. Increase in the number of social gatherings coupled with growing need for quick and efficient kitchen activities has boosted the market. Growing purchasing power of individuals has led to increased spending on consumer goods. Rising disposable income enables consumers to purchase multipurpose and easy-to-operate kitchen appliances to simplify and ease their kitchen activities. Consumers generally opt for stylish and technologically advanced kitchen appliances, which complement their living standards. Market players are introducing new products equipped with advanced features at affordable prices to cater to the growing consumer demands.

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North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high living standards along with high disposable income in the region encourage consumers to purchase kitchen appliances to simplify kitchen activities. The growing adoption of smart technologies and home automation systems is further expected to augment market growth in the region. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to the increasing population and improving living standards.

The different types of kitchen appliances include cooking appliances, refrigerators, dishwaters, and others. In 2017, refrigerators accounted for the highest market share owing to increasing need to conserve edible items at a range of different temperatures. Consumers prefer to use energy efficient refrigerators owing to growing environmental concerns. Introduction of advanced refrigerators equipped with smart technologies is expected to drive the market in the future.

The various end-users of kitchen appliances include residential and commercial users. In 2017, residential users accounted for the largest share in the global market, and are estimated to grow at a substantial rate during the forecast period. Residential consumers are increasingly spending on kitchen appliances to simplify kitchen chores and lead comfortable lives. Household consumers are opting for kitchen appliances, which are energy efficient and have minimal space requirements. In addition, improvement in living standards has encouraged consumers to buy technology-driven and luxury kitchen appliances. Integration of technologies such as Internet of Things and smart technologies into kitchen appliances is expected to provide growth opportunities in the coming years.

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The well-known companies profiled in the report include Whirlpool Corporation, Robert Bosch GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics, Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Intelligent Transport System Market Size, Share, Scope, Growth Opportunities Analysis and Forecast

New York City, 13 Feb 2020: According to a new study published by Polaris Market Research the global intelligent transport system (ITS) market is anticipated to reach USD 73.9 billion by 2026. Owing to the growing concerns regarding the inclusion of safety measures and reducing the street mishaps, the intelligent transport system market is projected to gain traction over the forecast period.

The implementation of intelligent transport systems to reduce the road accidents and street mishaps is one of the major driver for this market. The adoption for vehicle to vehicle and vehicle to infrastructure communication for helping in improvement of street security is presumed to gain pace throughout the forecast years. One of the restrictions to the market are the interoperability issues between the vehicle and the control units, however successful communication can be accomplished just by developing an up embedded technology that gives real time notifications.

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The ITS frameworks also help to reduce carbon dioxide density in the air and greenhouse fumes in densely populated territories through traffic administration and therefore helps in lowering exhaust gases. Continuous fuel utilization is reduced by means of ITS as it helps in avoiding traffic blockage due to the real-time updates the driver receives.

The consistent development and improvement in the transportation system have turned into an essential need for advancement of street networking in the transportation frameworks. Advancements in vehicle transport technology, for example, blind spot location and electronic toll gathering has kept up the advancements of present and future prospects of practical traffic and transport administration.

Key Findings from the study suggest the market for ITS in North America is expected to be the highest during the forecast period. ITS is also anticipated to be implemented in many developing countries of Asia Pacific which is helping the market to grow in this region. Asia Pacific is presumed to be the fastest developing region, growing at the highest CAGR during the forecast period.

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The application for ITS in Traffic management segment is projected to have a highest market share owing to the demand for limiting the traffic congestion and reducing the pollution levels. The growing incorporation of the ITS frameworks has reduced transport-related issues in emerging economies such as India and China. The Advanced Traffic Management System (ATMS) segment is estimated to remain the biggest segment attributable to the rising need to get to real time data caught by cameras and sensors. This framework permits transport organizations to empower safety by recognizing and reacting quickly to the crises in real-time. Growing government concentration on passenger wellbeing and adoption by traffic administration for tasks and activities are driving the interest for intelligent transportation system.

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Artificial intelligence Market Increased International Technology Trade Opening New Opportunities 2026

New York City, 12 Feb 2020: According to a new study published by Polaris Market Research the global artificial intelligence market is anticipated to reach USD 54 billion by 2026. The advancements of robots and the rise in their deployment rate particularly, in the developing economies globally have had a positive impact on the global artificial intelligence market. Augmented customer experience, expanded application areas, enhanced productivity, and big data integration has highly propelled artificial intelligence market worldwide. Although, absence of adequate skilled workforce as well as threat to human dignity are some of the factors that could affect the growth of the market. However, these factors are expected to have minimal impact on the market attributed to the introduction of advanced technologies.

An extraordinary increase in productivity has been achieved with machine-learning. For instance, Google, with the help of its experimental driverless technology has transformed cars including, Toyota Prius. Integration of various tools by artificial intelligence has helped in the transformation of business management.

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These tools include brand purchase advertising, workflow management tools, trend predictions among others. For example, the Google’s voice accuracy technology has 98% of accuracy rate. Furthermore, Facebook’s DeepFace technology has a success rate of approximately 97% in recognizing faces. Such accuracy in technologies is further anticipated to bolster the market growth during the forecast period.

Currently, North America dominates the global artificial intelligence market attributed to the high government funding availability, existence of prominent artificial intelligence providers in the region, and robust technical adoption base. Also, the region is expected to continue its dominance during the forecast period. Moreover, the adoption of cloud-based services in key economies, such as the US and Canada, is considerably adding to the market growth in the North American region. The markets in Asia Pacific, MEA and South America region are expected to notice a high growth during the coming years. The growth in Asia Pacific region is attributed to the increasing demand for artificial technologies by the developing economies. Thus, the region is anticipated to grow at the highest CAGR during the forecast period.

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Major companies profiled in the report include Google Inc., Intel Corporation, Nvidia Corporation, Microsoft Corporation, IBM Corporation, General Vision, Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., and Baidu, Inc. among others.

Key Findings from the study suggest North America is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 65% over the forecast period. The artificial intelligence market is presumed to develop at a CAGR of over 55.9% from 2018 to 2026. The high implementation of artificial intelligence in several end-user verticals including, retail, automotive and healthcare is projected to boost the growth of the market over the forecast period. Several companies are making considerable investments to integrate artificial intelligence competences into their portfolio of products. For instance, in 2016, SK Telecom and Intel Corporation signed an agreement for the development of the artificial intelligence based vehicle-to-everything (V2X) technology as well as video recognition.

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Oil Free Compressors Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2026

New York City, 12 Feb 2020: According to a new study published by Polaris Market Research the global oil free air compressor market is anticipated to reach USD 16.2 billion by 2026. Owing to the growing focus upon energy efficient compressors that provide cost advantage, with lower installation and maintenance costs, the oil free air compressor market is projected to gain traction over the forecast period.

Oil free compressors provide high quality and contamination free air for critical environments. Such requirements are majorly in the pharma, healthcare, food & beverage and semiconductor industries. Increasing implementation of these oil free compressors in these industries are pushing the market. Along with this, governments of many countries are coming up with strict regulations and policies on energy conservation and environmental protection which are also anticipated to boost growth in this market. These compressors also provide increased flexibility and can be modified towards end-user requirements for the provision of enhanced service offerings. This is presumed to drive the oil free compressor market over the forecast years.

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The rotary screw air compressors held a considerable revenue share in 2017 inferable from their expanded implementation in heavy industrial end-uses and are anticipated to maintain their growth during the forecast period. The centrifugal compressor segment is expected to grow significantly over the forecast years, which is fundamentally attributed to the developing utilization in non-mechanical applications. Air compressors are intensely utilized as a part of manufacturing applications. A huge demand from the food & beverage sector, attributable to the compulsory health and safety mandates, is presumed to drive the oil free air compressors market over the forecast time frame.

Europe has the highest market share in 2017 and it is anticipated to lead the market followed by Asia-Pacific and North America. This growth is majorly due to stricter norms and regulations laid down by the government for health safety and environmental safety standards. Increasing industrialization, growing infrastructure and increasing petro-chemical plants and refineries in the developing countries of India and China in the Asia-Pacific region is pushing the market for these oil free compressors in this region.

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Key Findings from the study suggest the centrifugal oil free air compressors segment is presumed to witness quick development from 2017 to 2026, which is fundamentally credited to their capacity to diminish carbon impression guaranteeing clean and fresh air supply. Asia Pacific is projected to rise as the fastest developing region with a with a growth rate surpassing North America and Europe during the forecast period. Government activities towards advancement and the ascent in development of environmental laws around the globe has supplemented to the development of the oil free air compressor market. Owing to the qualities such as light-weight and strength the portable oil free air compressors were as a predominant section in 2017, and is foreseen to continue over the coming years. The manufacturing sector accounted for highest market share in 2027.  

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Vertical Farming Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2026

New York City, 12 Feb 2020 : According to a new study published by Polaris Market Research the worldwide Vertical Farming market is anticipated to reach over USD 11,905 million by 2026. In 2017, the shipping container dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

The growing population worldwide has resulted in significant increase in food demand. Vertical farming is increasingly being used to meet the high-demand for food crops. The factors driving the growth of vertical farming market include ability to produce high quality crops throughout the year, lesser use of water for crop cultivation, and lower dependency on weather conditions. Organic and chemical free crops can be grown with the help of vertical farming in artificially controlled environments, which further increases its adoption. Other factors driving the market include growing urban population, and reduced environmental pollution. However, high initial investment and crop production of limited varieties restrict the growth of vertical farming market.

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Asia-Pacific generated the highest revenue of $835 million in 2017, and is expected to lead the global market throughout the forecast period. This is owing to significant growth of population in the region. Lack of fertile land, Strong technical expertise in agricultural practices, and established R&D institutes in China and Japan further supplement the market growth.

The growing mechanisms used for vertical farming include hydroponics, aquaponics, and aeroponics. In 2017, hydroponics accounted for the largest share in the global market, and was estimated at USD 1,086 million in 2017, registering a CAGR of 23.3% during the forecast period. Hydroponics is a process of growing plants where the traditional soil medium is replaced by nutrient and mineral rich water solution. Hydroponics offer benefits such as availability of crops throughout the year, faster plant growth, and eliminate the growth of pesticides.

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On the basis of offerings, the market is segmented into lighting solutions, sensors, climate control, and hydroponic components. In 2017, the lighting solutions accounted for the major share in the global market. Lighting solutions are used to provide uniform lighting conditions suitable for plant growth. The leading market players offering lighting solutions for vertical farming include Koninklijke Philips N.V., Illumitex, Inc., and Everlight Electronics Co. Ltd.

The well-known companies profiled in the report include BrightFarms, Agrilution, Everlight Electronics Co., Ltd., American Hydroponics, Freight Farms, Illumitex, Inc., and Vertical Farm Systems among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Hexafluoroacetone Derivatives Market Revenue (Value) by Regions, Type and Application 2026

New York City, 11 Feb 2020 : The global Hexafluoroacetone Derivatives market size is expected to reach USD 979.1 million by 2026 according to a new study by Polaris Market Research. The report “Hexafluoroacetone Derivatives Market Share, Size, Trends, Industry Analysis Report By Product (Industrial, Reagents, Others); By Application (Textile Coating, Solvents, Adhesives, Pharmaceuticals, Others); By Regions, Segments Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing applicability across textile coatings, solvents, and pharma industry is majorly driving the Hexafluoroacetone Derivatives market growth. Strong resistive properties of the product against chemicals offering toughness have resulted in implementation of the product as a solvent for multiple chemicals. Industry players are developing novel products and implementing strong marketing strategies to promote the Hexafluoroacetone Derivatives sales.

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Rising spending capacity of people has resulted in high textile consumption across the and this factor is catering to the market growth. Enhanced functional performance of the product has resulted in increased usage across textile industry. Due to the low cost, fabrics are coated with hexafluoroacetone derivatives to improve the performance of the fabric.

Hexafluoroacetone derivatives available in industrial grade are utilized in bulk in polymer industry. Manufacturers are finding ways to reduce the overall cost of the production as well as innovative ways of mass production. One of the methods widely used in manufacturing is conversion of dimer to monomer effected by potassium fluoride in dimethylformamide. The commercial reagent formed is used as adhesives in pharmaceutical industry. Such trends are benefitting the overall hexafluoroacetone market growth over the forecast period.

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Solvent application accounted for majority of market share in 2019. Enhanced performance of the product offering high fatigue resistance and high wear resistance will drive the product growth. The product is also used as an intermediary in various chemical reactions. High solubility of these derivatives is boosting mass consumption of the product. Increasing disposable income is resulting in high demand for processed textiles treated with these derivatives.

Asia Pacific hexafluoroacetone derivatives is expected to witness fastest growth over the forecast study frame. Increasing manufacturing base in the region along with growing population is a key factor driving the industry growth. Textile companies are implementing the product to improve the quality and thereby positively impacting the industry growth. Currently north America and Europe hold majority of the industry share owing to presence of technology in the region and vast production base.

The key players in the market Halocarbon Products Corporation, Hangzhou Dayangchem Co. Ltd., Ltd, Solvay S.A., Sigma-Aldrich Corporation, Central Glass Co., Ltd., Sinochem Lantian Co., Parchem Fine & Specialty Chemicals, Leap Labchem Co.. E. I. du Pont de Nemours and Company, among others. Development of distribution channels and improving geographical footprint are some of the success factors in the industry.

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Racing Drone Market Strategies, Manufacturers, Countries, Type and Application, Global Forecast To 2026

New York City, 11 Feb 2020 : The global racing drones market size is expected to reach USD 2,060.7 million by 2026 according to a new study by Polaris Market Research

Racing drones also called FPV (First Person View) refers to high speed small sized drone with specific configurations required to participate into racing sport events worldwide. Drone racing is a sport event which was initiated in Australia (2013) wherein many drone pilots met together to participate in a championship. The participating machine must have to fulfill the specific requirements of organizing leagues wherein factors such as weight, speed, motors, and propellers plays very important role. Racing drones are basically high-speed machines along with FPV camera and controller which is operated by a high skilled pilot in such sports championships.

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Increasing production propelled by adoption across the world, introduction of high-speed drones, rising expenditure in R&D, increasing racing sports tournaments across different countries in the world, and increasing adoption of such racing trends by different countries are some of the major factors aiding in the growth of this market. In addition, factors such as requirement of highly skilled pilots to operate these machines in the racing tournaments and complexity in assembly of parts for beginners are some of the major restraining factors impacting negatively.

  

Among drone type, the market was segmented into RTF (Ready-to-Fly) and ARF (Almost-Ready-to-Fly). RTF are the drones which comes with complete assembled parts and a controller along with it to which the operator can easily operate it directly without any difficulties to assemble the parts. ARF comes up with disassembled parts to which the operator has to combine all the parts based on its requirements to make it operable in the field. Most of the FPV pilots have their preference towards ARF drones so that they can customize it to gain more speed by replacing high speed motors, propellers, and other components based on a event eligibility criterion. ARF segment was estimated to be largest sub-segment in 2019 and also it is expected to maintain its dominance during the forecast period as well. This is owing to cost of ARF against RTF which is more expensive as it has customizable options which provide the flexibility to the pilots.

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Among application, the market is segmented into rotorcross, drag race, and time trial. Rotorcross is a racing event where many drones compete across an arena full of obstacles & number of laps wherein the first drone to cross the finish line wins the championship. Drag race is a racing event in which a number of pilots race together wherein the drone which achieve highest speed wins the race. Similarly, time trial is a event wherein the participants have to complete the laps in a minimum amount of time. In 2019, rotorcross segment dominated the market and expected to be largest during the forecast period as well. This is owing to increasing number of rotorcross events across different regions of the world. For instance, MultiGP is one of the biggest racing events across the world and till 2019 it has organized more than 12,500 racing events since 2015. Similarly, DCL (Drone Champions League) is another major event which occurs every year across different regions in the world. These events are expected to increase the demand for FPV across the world.

Among region, North America was estimated to be the largest region in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is one of the major regions and accounted for more than 70% of share in North America. Moreover, increasing awareness for drone racing sports across the region among the audience and growing adoption across different end-use sectors are some of the major factors aiding the growth of the market in the region. Furthermore, Asia Pacific was expected to be the fastest growing region during the forecast period of 2020-2026 propelled by the countries such as China, Japan, and South Korea.

The global market is moderately consolidated and the top five players of this market accounted for more than a share of 45% in 2019, according to Polaris Market Research. These companies are continuously investing in R&D activities in order to fulfil the continuous demands for better technologically advanced products. Some of the major companies in this market include Airjugar Technology Co. Ltd., Autel Robotics, DJI, eachine, Guangzhou Walkera Technology CO. LTD, Hubsan, ImmersionRC Limited, mjxrc.net, Parrot Drones SAS, RotorX, Spin Master (Air Hogs), Skyrocket LLC (Sky Viper), UVify Inc., and YUNEEC are some of the major players in this market.

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Phone: 1–646–568–9980

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Aircraft Fairings Market Competitive Strategies and Forecasts to 2026, Focusing on Top Player

New York City, 11 Feb 2020 : The global aircraft fairings market size is expected to reach USD 1,713.1 million by 2026 according to a new study by Polaris Market Research. An aircraft fairing is an essential structure which manages and the flow of the airplane body in different directions and axes with reducing the various types of drags such as wave drag, interference drag, parasitic drag, engine cooling- drag and other types of drag. The implementation and functional characteristics play a critical role in design, certification and operational aspects of all narrow-body, wide-body, very large, regional and general aviation. These structures directly affect the performance of an airliner as compared to any other old generation airplane without these structures. In other words, airplane fairings are the smooth structures for reducing the air drag between the joints such as wings & fuselage and engine & wings during the flight.

Fairings are an essential feature of all airplanes as it reduces the drag at most of the areas of airplane body, reduces the roughness of the body surface, increases the smoothness by covering the gaps between the joints of structures, provides an external outline to the aerodynamic structure of the airliner and increases the speed and its efficiency. The complexity of aerospace fairings depends on several parameters including the type of jet, design, fairing application areas, and number of fairings. For instance, General aviation airliners have lesser complex fairings, whereas long haul/commercial jets usually have more complex fairings addressing the aircraft’s application requirements.

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Rise in global airplanes fleet size, rising demand to streamline aerodynamic structure of jets to boost speed & accuracy, growing global commercial aircraft & general aviation deliveries, introduction of new generation carriers and increasing trend of lightweight components in order to reduce overall weight & increase the fuel efficiency by reducing operational costs, are some of the major factors acting as key drivers of this market.

Among aircraft type, wide-body airplane was estimated to be the largest sub-segment in 2019 and is expected to be the largest during the forecast period as well followed by narrow-body aircraft and very large aircraft sub-segments. This is owing to increasing production and rising demand of wide-body airliner such as A320, B787, B737 and others. Moreover, Airbus anticipated that approximately 34,900 commercial airplanes (narrow-body, wide-body, and very large) will be delivered during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the growth engines for the commercial airplane segment.

Among material type, composites accounted for the largest share in 2019 and is expected to be the largest segment during the forecast period as well. Also, composites are expected to be the fastest growing material type for airplane fairings during the forecast period owing to increasing demand of lightweight components for airplane structures along with long endurance and less maintenance.

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Among manufacturing process type, prepreg layup process was estimated to be the largest sub-segment in 2019 and is projected to be most dominant during the forecast period as well. Also, its is expected to be the fastest growing manufacturing process type for aircraft fairings during the forecast period as well owing to its higher suitability for the composite fabrication and highly preferred method for complex structure for fairings parts. Higher preference towards the prepreg layup by the commercial, general aviation and regional airplane OEMs; increasing production rates of commercial jets, such as B787, A350XWB, and B737; upcoming or the new variants of existing aircraft such as Bombardier C Series and Embraer E-2 jets; and rising airplane fleet size are the major growth drivers of prepreg layup process for the manufacturing of the fairing components globally.

Among region, North America was estimated to be the largest region in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is growth engine of this region and accounted for more than 90% of share in the North American market in 2019. This is owing to large presence of small to mid-sized airplanes OEMs, fairing component manufacturers, raw material suppliers, & distributors. In addition, increasing production rates of the airliner models such as B737, B737 Max, B787, B797, B777x, and combat jet such as F-35 is another major factor aiding in the growth of this market in the region.

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According to Polaris market Research, the global market for airplane fairings has less than 90 players throughout the world, wherein top 5 major players accounted for a market share of more than 50% in 2019. Companies such as Composite Technology Research Malaysia (CTRM Aerocomposites Sdn Bhd), FACC AG, Finmeccanica-Alenia Aermacchi S.p.A., KAMAN CORPORATION, Korean Air Aerospace Division, Malibu Aerospace LLC, Royal Engineered Composites, ShinMaywa Industries Ltd., Spirit AeroSystems Inc., Strata Manufacturing (a Mubadala Investment Company), Triumph Group, Collins Aerospace (UTC Aerospace Systems) are some of the key players operating in this market. 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Phone: 1–646–568–9980

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Paints and Coatings Market Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2026

New York City, 10 Feb 2020:The Global Paints and Coatings Market is anticipated to reach USD 286.54 billion by 2026 according to a new study published by Polaris Market Research.

Global paints & coatings industry is expected to grow significantly over the forecast period from 2018 to 2026 owing to numerous advancements that is driven by a strong rebound in worldwide building, construction, manufacturing primarily in Western Europe, North America and Japan are projected to augment demand for architectural paints & coatings. Demand from automobile, chemical, general industrial manufacturing etc. will also grow at a higher pace in comparison to its counterparts that will benefit from an improved outlook of higher vehicle production annually along with increasing industrial activities that encompass the use of paints & coatings.

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Increasing demand for these products in automobiles owing to its growing popularity of protecting the architectural or non-architectural surfaces from extreme heat, acid rain, dust, UV radiations etc. along with its inherent characteristics of enhancing appearance are projected to be the major factors driving the demand for paints & coatings. These products used for paint or coat surfaces of buildings, automobiles, pipelines, wood, packaging products, marine vessels or any surface are capable of producing long-lasting surfaces in satisfying customers’ needs along with maximizing efficiencies, enhancing appearance and meeting environmental regulations.

 The present trends of paints & coatings and its application process are aggravated by its shrinking cost of manufacturing, delivering buyer satisfaction by means of corrosion protection and enhancing aesthetic features, along with mitigating environmental concerns. Tremendous quantity of consideration has already been put into the current used paints & coating systems, and they carry a level of sophistication that has been satisfying most customers globally. The advent of the new smart coatings and paints has almost alleviated the problem of corrosion, appearance and durability of components wherever these are applied making them perfectly acceptable for lifetime. The emergence of two-layer topcoats worldwide and the gloss, color, and chip resistance offered by these products remains functional in its first seven to ten years of use. These advantages associated with the products are the primary reasons anticipated to drive the market.

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 These products confront to almost every limitless environmental assaults. Targeting specific customers’ expectations, along with maximizing the efficiencies and compiling environmental regulations with the new processes, are expected to augment demands for these products.

 Asia Pacific was the largest regional market in 2017 and it is expected to emerge as the fastest growing regional industry. The region is anticipated to account for the maximum share of the overall worldwide market in terms of consumption. The robust increase in product demand from the Chinese economy and the emerging markets of the region including India, Vietnam, Thailand, and Indonesia are the major trends.

 Some of leading industry participants include Akzonobel N.V., BASF Coatings GmbH, Kelly-Moore Paints, Indigo Paints Pvt Ltd, Vista Paints Corporation, Diamond Vogel Paints, Sacal Inetrnational Group Ltd., Tiger Coatings GmbH & Co. Kg, Dunn-Edwards Corporation, Beckers Group, Masco Corporation, S K Kaken Co., Ltd, Shalimar Paints, Berger Paints India Limited, Hempel A/S, Tikkurila OYJ, Valspar Corporation, RPM International Inc, Kansai Paints Co., Ltd., Asian Paints Limited, Nippon Paint Holdings Co., Ltd., Jotun A/S, Axalta Coating System LLC, Sherwin-Williams Company and PPG Industries.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email: sales@polarismarketresearch.com