Wednesday, 22 April 2020

Racing Drone Market Development Factors, Latest Opportunities and Forecast 2026

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.  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


Top Key Player : 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.

Increasing production propelled by adoption 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.


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 


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Clean Label Ingredients Market rends, and Forecast (2020-2026): Present Scenario, User Demand, Growth Analysis, Benefits and Regional Overview

The report “Clean Label Ingredients Market Share, Size, Trends, Industry Analysis Report By Application (Beverages, Bakery, Dairy & frozen desserts, Prepared food/ready meals & processed foods, Cereals & snacks, Others), By Form (Dry, Liquid), By Type (Natural colors, Natural flavors, Fruit & vegetable ingredients, Starch & sweeteners, Flours, Malt, Natural preservatives, Fermentation ingredients, Oils & shortenings, Emulsifiers, Cereal Ingredients)), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global Clean Label Ingredients market size is expected to reach USD 68.22 billion by 2026 according to a new study by Polaris Market Research

The market witnessed tremendous growth in the recent past and this trend is expected to continue from 2019 to 2026. Companies have developed products and formulations that have good taste, texture, smell, appearance and tolerance has resulted in wide consumer acceptance. The number of product clean label product launches is on the rise thus providing consumers with a wide variety of choice while still facilitating them to concentrate on their health. Dairy segment witnessed a wide range of product revamping and new product launches as well.


Growing product investment with using natural products for the coloring the products such as using brown colors from rice and organic sugarcane is boosting the product demand in processed food. The manufacturers are using organic processors desiring orange color from pumpkin juice and carrot concentrates. Shifting consumer preference towards organic based products is further enhancing the product growth. Shifting trend towards food that are least processed and maintaining the natural content of food will have significant impact over the coming years.

Increasing demand of consumer towards snacking and number of snacking occasions between meals will boost the product growth. Easy to carry and easy to use option of snacks offering healthy benefit will significantly improve the product demand. Snacks are widely preferred by the kids and parents are preferring to provide clean label cereal and snacks over conventional alternatives. Growing consumer focus on nutritional value of the product such as high protein, naturalness, high vitamins, no processing or minimum processing, is expected to significantly enhance the product demand. These are widely consumed in matured economies also. Increasing consumer spending towards health-oriented foods will further boost the product growth.


Presence of various major players particularly in the North American region are playing a significant role in the transformation of food and beverage industry. Multiple changes in nutritional recommendations, potential government legislation, and consumer demands has resulted in bringing the necessary amendments related to health conditions. The industry participants across the region are making strenuous efforts to bring advancements in clean label ingredients thereby enhancing quality of food products.

Clean Label product manufacturers completely offset the usage of artificial ingredients which have a negative impact on the overall human health. Clean Label Food & beverage manufacturers are deploying fortification of nutritional additives such as chia seeds, fruits, nuts, pumpkins, etc in their product offerings. The major motive of incorporating aforementioned additives in clean label food & beverage industry is to increase the nutritional content in food items.

Companies such as Cargill, Kerry Group PLC, Koninklijke DSM N.V., E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Tate & Lyle PLC, and Archer Daniels Midland Company are some of the key players operating in the global market.


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Natural Food Colors Market : Archer Daniels Midland Company (U.S.), Allied Biotech Corporation, BASF SE (Germany), CHR Hansen Holding A/S (Denmark) and others

The global natural food colors market size is expected to reach USD 2,984.9 Million by 2026 according to a new study by Polaris Market Research. The report “Natural Food Colors Market Size, Share & Trend Analysis Report, By Type (Carmine, Curcumin, Paprika, Turmeric, Beet, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina, Others); By Form (Liquid, Powder, Gel, Emulsion); By Application (Bakery & Confectionery, Beverages, Dairy Products, Frozen Products, Meat Products, Others), Regions and Segment Forecasts, 2020- 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 Some of the important players profiled in the report include Archer Daniels Midland Company (U.S.), Allied Biotech Corporation, BASF SE (Germany), CHR Hansen Holding A/S (Denmark), D.D. Williamson & Co., Inc. (U.S.), Diana Naturals, Dohler Group (Germany), DowDuPont (U.S.), Fiorio Colors S.R.L (Italy), FMC Corporation (U.S.), Food Colour Innovation S.L. (Spain), GNT Group (The Netherlands), IFC Solutions. (U.S.), Kalsec Inc. (U.S.), Kolorjet Chemicals Pvt.Ltd. (India), Koninklijke DSM N.V. (The Netherlands), Lycored Ltd. (Israel), Naturex S.A. (France), Phinix International (India), San-Ei Gen F.F.I., Inc. (Japan), Sensient Technologies Corporation (U.S.), Vinayak Ingredients India Pvt. Ltd. (India) among other notable players.


With leading market players holding significant market share, the market remains highly consolidated. Leading players of the natural color industry, while expanding their distribution network, continue to make heavy investments in research and development. The need for a wide range of products and a broader network creates high entry barriers to the market for natural colors of foods, making consolidating market positions difficult for local and regional players.

Food coloring is still playing a major role in the market, with companies still attracting consumers with attractive food colors. Various surveys show that food coloring remains of vital importance on the F&B market as consumers continue to base their assessment on food coloring. While the use of synthetic colors continues, recent research on the association of various health issues with synthetic food color consumption has brought the safety of the ingredients into question by consumers.



The key market trend in the current natural food colors is increased stability and function. The main aim of the manufacturers is also to create natural, powdered food colors especially in yellow, orange and brown. This is due to the use for ready-to-eat meals, sauces, and noodles and of a large amount of seasoning consumption. Herstellers are looking forward to develop a new natural food color source at a low cost. They are concentrating on developing new drying methods and materials that enable powder stability innovation at a competitive cost. As a result, food manufacturers are investing in clean labels, thereby bringing in newer products or revising existing product portfolios through the incorporation of clean label food colors. The result is a growing need for a number of products which bear claims such as “natural.”

Increased government aid is expected to boost the growth of the market in Asia Pacific in turn to encourage the adoption of natural food colors in different food and beverage applications. During the forecast period, the demand for natural colors in China and India is expected to increase. The launch of new products with natural ingredients is a key reason for this. Carmine is the most popular pigment in Asia-Pacific in red colors, while beta carotene and carotenoids are preferable in orange and yellow colors.


The world market for food colors is divided into types, form, applications and geographic areas. It is bifurcated into carmine, curcumin, paprika, turmeric, beet, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, and others based on the type. The form segments is further bifurcated into liquid, powder, gel, emulsion. The application section is further segmented into bakery & confectionery, beverages, dairy products, frozen products, meat products, and others. According to regions, the market has been analyzed on a country level throughout North America, Europe, Asia-Pacific and Latin America and Middle East & Africa. The maximum development rate on the global market is expected to occur in Asia Pacific due to high demand from economies such as India, South Korea, China, etc.  


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Hydrogen Fuel Cell Vehicle Market Historical Growth, Regional Trends, Forecast 2026

The global hydrogen fuel cell vehicle (HFCV) market size is expected to reach USD 28.82 billion by 2026 according to a new study by Polaris Market Research. The report “Hydrogen Fuel Cell Vehicle Market Share, Size, Trends, Industry Analysis Report By Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell); By Vehicle Type (Commercial Vehicle, Passenger Car); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In contrast to conventional gasoline, petrol or diesel vehicles, a hydrogen fuel cell incorporates oxygen and hydrogen, which in turn produce energy for the car. There are numerous factors affecting the forward momentum of the market. Developing varied technologies in the automotive industry generates new opportunities for growth. Furthermore, a hydrogen fuel cell vehicle’s enhanced cargo capacity and longer range contribute to its growth. Since hydrogen fuel cell cars can generate their own energy, many eco-conscious clients opt for fuel cell vehicles over domestic electric cars. Growing environmental awareness is expected to increase the global HFCV market during the forecast period. This is because of decreased carbon emissions from HFCVs, unlike conventional vehicles operating on petrol, diesel or petrol.


Many government organizations and concerned authorities and industry partners have initiated plans to such advanced infrastructure networks to spur the market at a global level. The leading automakers such as Toyota, Audi, and Honda have developed a range of hydrogen cell-based fuel cars for the global market. Owing to an increase in electric vehicles, there is a large number of such fueling stations being established in the parts of North America, Europe, and Asia-Pacific. In 2017, there were over 330 hydrogen fueling stations operating across the globe, with over 50 each in California, Germany, and Japan. There is around 35 retail hydrogen fueling station being built in California and nearly 15 hydrogen-fueling stations are operating in the UK in 2017. Moreover, the government authorities such as the US Department of Energy (DOE) are investing public funds for the rollout of hydrogen fueling stations, is further augmenting the growth of the global market.
  
Furthermore, according to the International Energy Agency, Germany has around 23 operating hydrogen fueling stations in 2017. These numbers are to be outnumbered by more than 50 as the country is constructing 25 more such stations, and at the end of 2017 around 60 stations are estimated to be operational. The National Organization Hydrogen and Fuel Cell Technology (NOW) coordinated Germany’s National Innovation Programme (NIP) to establish 50 stations with $134 million. Public and private stakeholders are convened by the Clean Energy Partnership to create this initial network. H2Mobility, a consortium of Air Liquide, Daimler, Linde, OMV, Shell, and Total, is planning and constructing this network. The consortium plans to have 100 stations by 2019, with around 10 stations each in Hamburg, Berlin, Rhine-Ruhr, Frankfurt, Stuttgart, and Munich metropolitan areas, and the remaining 40 as connectors and destination stations. This infrastructure backbone supports both light-duty and light commercial fuel cell vehicles, with the additional stations expected to grow with the rising growth of the global market.


Since January 2016, the Research Centre for Gas Innovation (RCGI) has been working to offer technology for obtaining fuel cells in 5 years. The center has the mission to investigate the use of the resource in terms of increasing their partnership in the Brazilian energy matrix. It is also making a contribution to the mitigation of greenhouse gas emissions. They have also emphasized that Brazil along with the US, Japan, and Germany, advanced programs to produce hydrogen-operated buses. Hence, this project will support the development of such vehicles.


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Hypercar Market Analysis Market: Key Strategies to Use to Dominate Globally 2026

The report “Global Hypercar Market Share, Size, Trends, Industry Analysis Report By Powertrain (Gasoline, Hybrid/Electric); By Regions, Segments Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global hypercar market size is expected to reach USD 110.9 billion by 2026 according to a new study by Polaris Market Research

The automobile industry concentrates on ultra-light construction of vehicles. The primary driving force in hyper cars will also be advanced technology, racing experiences, creative design and unique design. During the forecast period, shifting the client preference for high-performance vehicles as a sign of the status will influence product development. The increase in the production of hybrid / electric vehicles that are extremely clean, safe and fuel efficient will encourage product requirements. However, these vehicles are very expensive than their homes, so they are not available to everyone. This can hinder the sector’s growth during the forecast period.


The primary industry players include Ferrari, Automobili Lamborghini, Porsche, Pagani Automobili, Bugatti, Koenigsegg, Daimler Group, Maserati, McLaren, Hennessey Performance Engineering, and Zenvo

Competition among super sports car manufacturers is the primary factors driving the development of the hypercar industry. One of the driving factors that drive demand for luxury, intermediate and sports vehicles worldwide is improving socio-economic conditions in many countries. Furthermore, as the disposable income of clients increases, they are now ready to spend more on the purchase of a vehicle and the autocar sector has started to invest significantly on creating hypercars to enhance their brand names on the market.

In 2019 the hybrid / electric segment portrayed the significant share of the market. An important factor in the growth in the size and share of the hypercar sector in the years to come will be the incorporation of advanced and efficient electric motors. The industry has moved towards the electrification and development of leaner machines to minimize the environmental impact, boosting the automotive development of hybrid and electric motors.

Companies invest more in their research and development departments and produce fresh technologies for the car.  Due to sophisticated technology and fuel efficiently, the need for hypercars in the automotive market is growing. The hypercars are anticipated to be completely powered by electricity or gas. In these vehicles we are currently using high speed hydrogen gas. Intelligence can be used to fully automatically manufacture these vehicles. Since the neural network recognizes the driving pattern and learns the same as the brain. Fully electric hypercars would be environmentally useful.



Europe is a worldwide leader in hypercar production, where Italy, Germany and the United Kingdom, are the top three hypercar producers. Some of the world’s top brands are in the region, which are Europe’s main manufacturers of hypercars. North America is anticipated to be the next major hypercar production area, as there are brands like Ford that generate hypercars in the United States. Japan manufactures many economical vehicles instead of hypercars, but some vehicles are the biggest rivals for other hypercars. Over the forecast period, important investment in the market for advanced technology hyper vehicle research and development will be made by the national automotive industry.  The presence of sports car manufacturers such as Porsche, Aston Martin, Briggs and McLaren will encourage product development.

Because of the existence of a few well-established players including OEMs providing superior quality in their cars, the hypercar industry seems to be competitive. With the increasing popularity of these cars, competition among players in this industry is anticipated to intensify during the forecast period. Automotive companies invest strongly in sophisticated systems studies and development to satisfy customer demand for high-performance hyper cars.


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Hexafluoroacetone Derivatives Market Outlook | Development Factors, Latest Opportunities and Forecast 2026

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.

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.

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.


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.

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.


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.



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Agriculture Analytics Market Outlook | Development Factors, Latest Opportunities and Forecast 2026

The global agriculture analytics market size is expected to reach USD 1,991.6 million by 2026 according to a new study by Polaris Market Research. gives a detailed insight into current market dynamics and provides analysis on future market growth.

The primary growth driver for the farm analytics sector is government projects to implement modern agricultural techniques. Increasing pressure to satisfy the increasing global demand for food in combination with the need to enhance farm productivity also contributes to the application of agricultural analytics and the growth of the agricultural analytics sector. Agricultural digitization is anticipated to assist feed the increasing population. It is anticipated that the global population will rise by about 40% and reach 9.6 million by 2050. Therefore, to satisfy the increasing demand for food, the general food production requires to double. The present production rate, process, and distribution technique would not be adequate to feed the increasing population; therefore, it is anticipated that the implementation of fresh and advanced technology at different stages of farming will become essential to satisfy the increasing demand.


Top Companies Player : 

Accenture, Agribotix, Agrivi, Agvue Technologies, Awhere, Conservis Corporation, Deere & Company, Delaval, DTN, Farmers Business Network, Farmers Edge, Geosys, Granular, Gro Intelligence, IBM, Iteris, Monsanto Company, Oracle, Precisionhawk, Proagrica, Resson, SAP, Stesalit, Taranis, and Trimble are some of the players operating in the global market. These businesses are also attempting to enter into strategic alliances, company expansions, mergers and acquisitions, and advances in product / service.

Implementing analytics in farming and agricultural operations helps farmers evaluate all real-time information such as moisture, soil, crop, weather, and more. It also allows for an organized plan for the post-harvest operations of farm manufacturing. Accentuating government and regulatory bodies for the implementation of contemporary techniques in agriculture and agriculture such as the use of analytics, artificial intelligence among farmers has led in a favorable development of the market in agricultural analytics. Because of the enormous capital needed to implement sophisticated agricultural technology, the development of the agricultural analytics industry could be hampered. Nevertheless, technological improvements, sophisticated infrastructure and the use of high-end farm equipment enable farm investors to take measures towards the farming sector, which is expected to increase the development of the market for agricultural analytics in the foreseeable years.

Large farms held the largest market share in the global market in 2019. Because of the affordability and high economies of scale, the implementation of agricultural analytics solution in big farms is greater than that of small and medium-sized farms.


The increasingly competitive landscape and the need to satisfy worldwide food demands inspire them to turn to the solution and services of agricultural analytics to improve the use of resources for better manufacturing. Large farm size carries out high-level company activities that produce big amounts of data. Providers of agricultural analytics services assist big farms manage and use the information efficiently for maximum production.

Over the forecast period, North America is anticipated to dominate the global market for agricultural. This development is due to the increasing implementation of sophisticated farming machinery and is probable to stimulate the development of the worldwide agricultural analytics industry. However, Asia Pacific is anticipated to give the agricultural analytics market numerous favorable avenues for development.



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Fall Protection Equipment Market Company Profiles, Trends by Types and Application, Operating Business Segments 2026

The report “Fall Protection Equipment Market Share, Size, Trends, Industry Analysis Report By Product (Hard Goods, Soft Goods, Rescue Kits, Full Body Harness and Body Belts); By Application (Oil & Gas, Construction, Transportation, Mining, Telecom, Energy & Utilities, General Industry); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global fall protection equipment market size is expected to reach USD 2.9 billion by 2026 according to a new study by Polaris Market Research.

The global demand for fall protection equipment is escalating, with increasing focus on workers ‘ safety in construction, mining, energy and oil and gas industries. They include the use of controls that are preferably designed to protect staff from death and injury. Incident and occupational risk, including falling off overhead platforms or elevated workstations, is expected to contribute to the protection of industry demand.



Some of the key players in the market include 3M, MSA Safety Company, SKYLOTEC, Capital Safety, Honeywell Miller, Eurosafe Solutions, ABS Safety, Gravitec System, French Creek Production, FallTech and DBI-SALA . The key players in this market have adopted the strategy of mergers and acquisitions as a part of their strategy in order to gain competitive share in the global market.

Market growth is driven by a growing awareness of industrial security and stringent government safety regulations in various industries. One of the main drivers is increasing demand for fall protection equipment from the construction industry. However, increasing automation is expected to limit market growth in the end-use industries. In addition to this, the lack of awareness is expected to hamper the growth of this market over the forecast period. Increasing stringent regulations pertaining to safety of employees is also expected to bring in new opportunities for the key players in this market.

It is estimated that the body belts segment may surpass consumption of 53 million units by 2026 in the overall market. These are used primarily together with a full body harness for injury protection. OSHA also recommends the utilization of body belts from elevated platforms. Construction market segment is anticipated to hold major share in the global market till the end of forecast period. In addition to this, mining industry is also expected to witness significant growth in the global market over the forecast period.

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During the forecast period, North America will be followed closely by Europe. The market is expected to grow enormously due to rapid industrialization in both of these regions. In particular, Asia Pacific, due to anticipated growth in the construction industry during the forecast period, will be seen to increase the demand for fall protection equipment. This market growth can be mainly attributed to the rapid development of infrastructure, high investment in new industries, and the rise in construction in residential and commercial buildings in countries such as India, Indonesia, Thailand and China. The high demand for fall-protection equipment in the ever growing energy and utility industry of Latin America market is expected to register a significant CAGR during the forecast period.


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Tuesday, 21 April 2020

Electronic Contract Manufacturing Services Market Future Forecast Indicates Impressive Growth Rate 2020-2026

According to a new study published by Polaris Market, the global Electronic Contract Manufacturing Services market is anticipated to reach USD 554.2 billion by 2026. With the rising competition in the electronics industry, increasing cost reduction pressure on OEMs, complexity of electronic products, and decreased product lifecycles, the demand Electronic Contract Manufacturing Services market has boosted globally.

For attaining this, OEMs are seeking support from electronic contract manufacturing companies. These OEMs (hirer) subcontract electronic manufacturing contract companies to take advantage from their design expertise, supply chain management, and manufacturing capabilities. This helps the OEMs to leverage resources, reduce costs, access prominent manufacturing technologies, as well as reduce fixed capital investments and fulfil the Electronic Contract Manufacturing Services market demand.


The major players operating in the electronic contract manufacturing services market include Flextronics International Ltd, Hon Hai Precision Industry (Foxconn), Universal Scientific Industrial Co Ltd, Shenzhen Kaifa Technology, Beyonics Technology, New Kinpo Group, Benchmark Electronics, Sanmina-SCI, Zollner Elektronik, Celestica, Jabil, Inc., and Elcoteq SE among others.

In addition to this, electronic contract manufacturing also helps in retaining in-house activities and control responsibilities including, quality assurance, product cost management, network solutions integration, customer service, order management, customer interactions, and introduction of new products. These factors are highly responsible for propelling the Electronic Contract Manufacturing Services market growth for electronic contract manufacturing services during the forecast period.
  
The design & engineering segment is expected to notice a high growth during the projected period attributed to increasing preference of OEMs for subcontracting their design requirements. Also, the global market is observing an increase in growth, with the surging demand for electronic circuit boards attributed to its rising significance in several electronic devices including, smart phones and tablets. Several OEMs are subcontracting their circuit assembly requirements to contract manufacturers, resulting in significant increase in their profit margins.


The market operates in a highly competitive environment particularly, the players located in Taiwan and China are providing very economical subcontracted services for manufacturing. The current major focus of these vendors is to support and promote green technologies in their manufacturing processes. Another trend noticed in the current market scenario is increase in acquisitions, mergers and partnership activities. Moreover, the Electronic Contract Manufacturing Services market growth in the North American region is propelled by automotive as well as medical industries. Several R&D centers as well as healthcare institutes in North America are focused on the development of innovative diagnostic products that they plan to outsourcing from contract manufacturers. Such factors are expected to boost the market in the region.


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