Thursday, 7 May 2020

Commercial Aircraft Aftermarket Parts Market Future Forecast Indicates Impressive Growth Rate

The global commercial aircraft aftermarket parts market size is estimated to reach USD 51.14 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Commercial Aircraft Aftermarket Parts Market Share, Size, Trends, & Industry Analysis Report, By Product Type (MRO parts, Rotable Replacement Parts, Others); By Aircraft Type (Wide Body Aircraft, Narrow Body Aircraft, and Regional Jet); By Region: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the MRO parts segment dominated the global commercial aircraft aftermarket parts industry, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

The expanding global commercial aircraft industry, along with increasing average age of commercial aircrafts majorly drives the market growth. Introduction of stringent regulations regarding safety and efficient aircraft operation pushes airline operators towards proper maintenance and repair of commercial aircrafts, which supports the market growth. Other factors driving market growth include growing need for upgrade, and repair of commercial aircrafts, technological advancements, rising demand for fuel-efficient commercial aircraft, and increasing air traffic. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for the market in the coming years.


The Commercial Aircraft Aftermarket Parts market is highly competitive. Vendors offer products and services required for repair and maintenance for wide range of aircrafts. Operators consider factors such as quality, price, convenience, and aircraft age before making informed decisions about repair and maintenance offered by market players.
  
In 2017, North America accounted for the highest share in the global Commercial Aircraft Aftermarket Parts industry. Increasing air traffic, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. Asia-pacific is expected to grow at the highest rate during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Stringent regulations regarding safety and operation of commercial aircrafts are expected to augment market growth during the forecast period.


The well-known companies profiled in the commercial aircraft aftermarket parts report include LKD Aerospace, B/E Aerospace, Inc., Atlantis Systems Corp., Aventure International Aviation Services, General Electric Company, Pratt & Whitney, A J Walter Aviation Limited, Rockwell Collins, Honeywell International, and BF Goodrich among others. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.


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Plastic Packaging Market Globally Expected to Drive Growth through 2026

The Plastic Packaging market size is anticipated to reach USD 416.2 billion by 2026. In 2017, the bottles 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. A significant increase in disposable income, changing lifestyles, and improving living standards have increased the demand for food products, consumer electronics, and retail products among others, which supports the market growth.

Initiatives by market players to offer innovative products in the market, communicate brand values, and create brand differentiation also drive the market growth. Other driving factors include growing middle class population, and increasing penetration of e-commerce platforms. The significant growth in e-commerce and rising consumer demand for consumer goods has resulted in growth in packaging segments such as protective packaging, flexible pouches and innovative bottles. Increasing demand from developing nations, and technological advancements are factors expected to provide numerous growth opportunities to the market players during the forecast period.


Large brands are focusing on personalized and customized plastic packaging to create an impact on consumers and enhance brand awareness. Packaging enables companies to differentiate brands and offer personalization. Packaging can provide links to information about the product, both enhancing the product and providing details about its provenance. Plastic packaging enables enhancing of brand power for global brands and offers an effective method to compete with private label and emerging local players. Growth in digitalization offers consumers access to vast and detailed information. Communicating brand values effectively and enabling product differentiation is a major factor driving the growth of the plastic packaging industry.
  
Asia-Pacific generated the highest revenue in the plastic packaging market in 2018, and is expected to lead the global market throughout the forecast period. The increasing population in the region coupled with growing disposable income has increased the sale of food and beverages, apparel, and consumer goods, driving the market growth. Consumers in the region are increasingly opting for packaging that is easy to use and convenient to transport. Smaller, lighter and easily disposable packaging is being used to make consumption-on-the-go easier. The growing healthcare, retail, and pharmaceutical industries in countries such as China, Japan, and India support the market growth.

The well-known companies profiled in the report include Mondi Group, Berry Plastics Corporation, Sonoco Products Company, Amcor Limited, DS Smith plc, Bemis Company, Inc., NatureWorks LLC, Consolidated Container Company, Reynolds Group Holdings Limited, and Alpla Werke Alwin Lehner GmbH & Co. KG. These companies launch new products and collaborate with other players in the global plastic packaging industry to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Polaris Market Research has segmented the global plastic packaging market on the basis of type, product, end user and region:
Plastic Packaging Type Outlook (Revenue, USD Billion, 2015 – 2026)
  • Rigid Plastic Packaging
  • Flexible Plastic Packaging
Plastic Packaging Product Outlook (Revenue, USD Billion, 2015 – 2026)
  • Bags
  • Cans
  • Bottles
  • Pouches
  • Others
Plastic Packaging End User Outlook (Revenue, USD Billion, 2015 – 2026)
  • Food and Beverage
  • Healthcare
  • Pharmaceutical
  • Retail
  • Personal and Home Care
  • Others
Plastic Packaging Regional Outlook (Revenue, USD Billion, 2015 – 2026)
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
  • Asia Pacific (China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (UAE, Saudi Arabia, South Africa)

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Conductive Inks Market Size, Share, Growth, Trends And Forecast 2026

Global Conductive inks market is anticipated to witness significant growth over the forecast period. Research initiatives to develop cost-effective raw materials, such as copper, nickel, and grapheme, which have properties similar to that of silver, are projected to further aid in the market growth in the near future. The research initiatives undertaken by both government and industry participants and are expected to increase multiple potential applications, which in turn are projected to complement the global conductive inks market growth.

Conductive inks have excellent electron mobility, high conductivity & low resistivity, as well as high thermal & chemical stability. These inherent properties contribute to increased efficiency of conductive ink applications such as PCB boards, RFID tags printing, and circuit repairing. Furthermore, the particle size of conductive inks can be adjusted to suit the requirements of the application. Increasing need for customization coupled with favorable properties of conductive inks suitable for electronic application needs is expected to aid in the overall market growth.


New product types, which suit rigid as well as flexible substrates and can achieve low electrical resistivity, have been developed. These developments are expected to benefit the conductive inks market globally. Inks requiring low curing temperature and having anti-shrinking properties were also launched in the past.

The electronics market is highly competitive in nature, and, therefore, key market players are constantly attempting to miniaturize their product offerings. Miniaturization involves the manufacturing of optical, mechanical, and electronics products to achieve product differentiation. Conductive inks are used to produce electrical contacts, short network connection, and improved layout design, which aids in miniaturization. These require single-sided assembly and resistance is created at the same time. The need for miniaturization is anticipated to grow over the forecast period due to the rising competition in regional markets such as in the Asia Pacific & Europe regions.


They are used for manufacturing printed circuit boards, which are widely employed in automotive components. They are used to coat assemblies and components to shield them from radio interference. Car seat heaters and window defoggers use them for circuit tracing. Various companies are trying to develop interactive displays for achieving product differentiation. For instance, Henkel is involved in the manufacturing of fully printed ink products such as silver inks, dielectric inks, transparent, and bendable resistive inks, which are primarily used for electronic assembly purposes.
Silver inks are widely being used in electronic application owing to their excellent conductibility and printability. However, manufacturers have come up with alternative solutions that exhibit properties similar to that of silver due to the scarce availability of raw materials and high costs of silver inks. Copper has been identified as a good alternative for silver due to its low cost and high electrical conductivity. Therefore, due to these properties, manufacturers can reduce the production cost of conductive inks.

Companies such as Henkel have introduced conductive inks containing minimal silver formulations. The conductive ink produced by Henkel LOCTITE ECI 1001 E&C, finds use in the automotive sensor application, as customers demand a low-cost alternative of conductive silver inks. The product, which delivers the same performance as traditional conductive silver inks, is inexpensive and contains lesser silver content.


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Lecithin Market Industrial Analysis | Market Current Insights, Growth & Opportunities

The Lecithin Market is anticipated to reach over USD 1,605 million by 2026 according to a new research published by Polaris Market Research. In 2017, the soy segment dominated the global market, in terms of revenue. Europe was the leading contributor to the global market revenue in 2017.

A significant increase in awareness regarding healthy diet, changing lifestyles, and health benefits offered by Lecithin drive the growth of the Lecithin Market.  Other driving factors include growing inclination towards use of naturally sourced products, and increasing use of Lecithin in medicinal and pharmaceutical applications.


Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific further fuels the growth of the Lecithin market. Factors such as increase in per capita income, changes in consumer behavior, and increased awareness regarding health and nutrition are expected to accelerate the adoption of Lecithin in the coming years. Increasing demand from developing nations, and growing use in the nutraceuticals industry is expected provide numerous growth opportunities to the market players during the forecast period.

Europe generated the highest revenue in the Lecithin Market in 2017. The increasing health awareness in the region coupled with high disposable income drives the market growth. The increasing demand of Lecithin in the region is owing to high consumer awareness regarding the benefits of Lecithin, and growing industrial applications. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising demand of Lecithin for animal feed, and pharmaceutical.

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The well-known companies profiled in the Lecithin Market report include Stern-Wywiol Gruppe Pvt. Ltd., Lipoid GmbH, E. I. duPont de Nemours Company, Cargill, Inc., Archer Daniels Midland, Wilmar International, American Lecithin Company, Northland Organic Food Corporation, VAV Life Sciences Pvt. Ltd., and Soya International. 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.

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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Automotive Suspension Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2026

The worldwide Automotive Suspension Market is anticipated to reach USD 127.6 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the passenger cars segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automotive suspension market.

The increasing need to offer high quality driving experience along with enhanced comfort and safety drives the automotive suspension market growth. The increasing production of motor vehicles across the world, and growing popularity of luxury automobiles boosts the adoption of automotive suspension. 


The growing safety concerns have encouraged market players to integrate advanced automotive suspension systems in vehicles to improve the overall driving experience. Factors such as technological advancements, and use of light-weight material for suspension systems would fuel the automotive suspension market growth during the forecast period. New emerging markets, increasing demand of automobiles, and growing safety concerns are factors expected to influence the market in the coming years.

Asia-Pacific is expected to lead the global automotive suspension market during the forecast period. Significant investment by market players to improve driving experience coupled with favorable regulations regarding transportation safety drive the growth of Automotive Suspension market in this region. Technological advancement and introduction of advanced automotive suspension systems by the market players has increased the acceptance of automotive suspension systems in the region. The rising demand for luxury vehicles, and economic growth in countries such as China and India boost the market growth in the region. Expansion of global players into these countries to tap market potential boosts the market growth.


The key players operating in the automotive suspension market include Multimatic Inc., Continental AG, Tenneco Inc., ZF TRW, Hendrickson USA, L.L.C, Thyssenkrupp AG, Magneti Marelli S.p.A, Sogefi SpA, WABCO Holdings Inc., and NHK Spring Co., Ltd. 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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Material Handling Equipment Market Growth Factors, Regional Analysis, Applications, & Manufacturers and Forecasts

 The global material handling equipment market size is anticipated to reach USD 46.2 billion by 2026 growing at a CAGR of 6.6% from 2019 to 2026 according to a new study published by Polaris Market Research. The report ‘Material Handling Equipment Market Size By Type (Storage & Handling Equipment, Industrial Trucks, Bulk Material Handling Equipment, Others); By Application (Assembly, Storage, Packaging, Transportation, Others); By End-User (Automotive, Electronics, Chemical, Pharmaceutical, Aviation, Others); and By Region]’ Segments and Forecast 2019 – 2026’ provides insights on the current market scenario and the future prospects.

 In 2018, the industrial trucks segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market in 2017. There has been an increase in adoption of material handling equipment across the world owing to growing manufacturing industry. The increasing need for efficient warehouse operations, and increasing automation of manufacturing processes further supports the market growth.


Other factors driving the growth of this market include growth in the global automotive industry, reduced availability and high labour costs. Also, increasing demand of material handling equipment in chemical, pharmaceutical, electronics, and food and beverage industries has created the need to develop new innovative products for diversified application areas in these sectors. However, high initial investment might restrict the growth of material handling equipment market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the market during the forecast period.

The global Material Handling Equipment industry is segmented on the basis of type, application, end-user, and region. Based on the type, the market is segmented into storage & handling equipment, industrial trucks, bulk material handling equipment, and others. The application segment is divided into assembly, storage, packaging, transportation, and others. The end-users scope includes automotive, electronics, chemical, pharmaceutical, aviation, and others.

  
During 2018, Europe generated the highest revenue in the Material Handling Equipment market. The increasing automation in the manufacturing sector, and the established automotive industry drive the growth of this market in Europe. Government encouragement and related strict regulations to implement operator safety measures are driving the companies towards material handling systems for operating hazardous materials. Moreover, increasing investments and subsidies by governments are expected to boost the adoption of material handling equipment in this region. The need to improve efficiency and productivity along with increased industrialization and automation further supplements market growth. Asia-Pacific is expected to grow at the highest CAGR in during the market during the forecast period.

The Material Handling Equipment Market report also includes a section for profiles of key companies in this market. Some of the key vendors profiled in this report include Daifuku Co., Ltd., KUKA AG, Dematic GmbH & Co., Crown Equipment Corporation, Clark Material Handling Company, Columbus McKinnon Corp., Beumer Group GmbH, Kion Group, Intelligrated, Inc., SSI Schaefer


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Computer Numerical Control Machine Market Analytical Overview, Growth Factors, Demand and Trends by 2026

The global CNC machines market size is anticipated to reach USD 106.54 billion by 2026 according to a new report published by Polaris Market Research.  The report “Computer Numerical Control (CNC) Machine Market Share, Size, Trends, Industry Analysis Report By Type (Milling Machine, Lathe Machine, Grinding Machine, Welding, Winding Machine, Laser Machines, Others); By Application (Industrial, Automotive, Aerospace and Defense, Electronics, Others); By Regions, Segments & Forecast, 2019 – 2026” provides contemporary market insights and taps future growth trends.

In 2018, lathe machine segment dominated the global industry in terms of revenue. Among regions, Asia Pacific will represent region with maximum computer numerical control machine market share during forecast period.

An increasing mechanization drive happening globally in sectors such as healthcare, construction, automotive and oil and gas are expected to support growth. The other factors include high accuracy, greater precision, reduced human errors and increased safety. The rising demand for mass production would boost industry during forecast period. However, restraints in the form of high investment costs pull the market down. Growing demand from emerging economies and technological advancements are factor expected to boost CNC machine market.


Computer numerical control machines are used to automate manufacturing and produce large number of products in verticals such as aerospace, automotive, defense, electronics and healthcare. Increasing demands for energy efficient computer numerical control machines have been on the word go for over the years. Use of energy efficient computer numerical control machine assists in conserving electricity and reducing costs while manufacturing high quality products.  Thus, manufacturers would prosper by introducing energy efficient CNC machines along with good prospects for computer numerical control machine market growth.

Asia Pacific generated the highest revenue in 2017 and will do so throughout the forecast period. The presence of emerging sectors such as agriculture, healthcare, finance, construction and automotive, including focus on R&D efforts, and growing need for automation drive growth. Fast industrialization and huge growth of manufacturing industry bolsters growth in the region.


The different types of CNC machines include milling machine, lathe machine, grinding machine, welding and winding machine and others. In 2017, lathe machine segment accounted for largest CNC machine market share.  The introduction of multi-axis machine types, ease of operation and high precision foster the adoption of lathe machines. Lathes are used widely in industries such as automobiles, mining, manufacturing, construction and others.

The leading players in Computer Numerical Control Machine Market include Fanuc Corporation, Mitsubishi Electric Corporation, Siemens AG, GSK CNS Equipment Ltd., Amada Machine Tools Co. Ltd., Haas Automation, Inc., DMG Mori Co., Ltd., Heldenhain GmbH, Sandvik AB, Bosch Rexroth AG, Soft Servo Systems, Inc., and Yamazaki Mazak Corporation among others.


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Wednesday, 6 May 2020

Pet Wearable Market Regional Insights, Trends, Revenue & Forecast To 2026

The worldwide pet wearable market is anticipated to reach USD 4,172 million by 2026 according to a new research published by Polaris Market Research. In 2017, the identification and tracking segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global pet wearable market.
The increasing adoption of pets, along with growing awareness regarding pet care and safety majorly drives the market growth. Consumers are increasingly becoming aware of safety concerns regarding pets, which support market growth. The increasing penetration of mobile devices, and increasing disposable income encourage consumers to invest in pet wearable. Other factors driving market growth include increasing need of monitoring pets, growing adoption of IOT, and technological advancements. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for pet wearable market in the coming years.Sale of products through online channels has gained significant popularity over the years. 
The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

North America is expected to dominate the global market during the forecast period. This is due to high living standards and high disposable income. Presence of global players in these countries taps market potential and boosts the market growth. Increasing use of mobile devices and increasing sale of GPS-enabled products further augments market growth. Growing concerns regarding pet safety, and technological advancements further boost the market growth.

The various types of pet wearable products include smart collar, smart camera, smart harness, and others. Smart cameras dominated the global market in 2017 owing to increase need to monitor pets. These cameras monitor the pet activities while also offering features such as audio and toys. Growing awareness regarding smart wearable technology coupled with increasing development of customized mobile applications and software platforms is projected to fuel the demand for smart cameras. 
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The well-known companies profiled in the report include DogTelligent, Garmin Ltd., GoPro, Dairymaster, Fitbark, IceRobotics, Loc8tor, PetPace LLC, Whistle Labs LLC, Otto Petcare, DeLaval, i4C Innovations. 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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We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Fuel Cell Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2026

The global fuel cell market is estimated to reach USD 13.71 billion by 2026 growing at a CAGR of 17.5% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Fuel Cell Market Share, Size, Trends, & Industry Analysis Report, By Type (Solid Oxide Fuel Cells, Phosphoric Acid Fuel Cells, Proton Exchange Membrane Fuel Cells, Molten Carbonate Fuel Cells); By Application; By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the stationary application 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.

Government regulations and favorable public initiatives regarding energy consumption have boosted the adoption of fuel cell. Growing concerns regarding environment, increasing demand for unconventional energy sources, and increasing adoption of power efficient energy systems further support the market growth. Additionally, higher efficiency offered by fuel cells as compared to other power generating systems, and growth in adoption of distributed power system would boost the market growth during the forecast period.


Other factors supporting market growth include supportive government regulations, increasing awareness, adoption of green technologies, and technological advancements. Increasing investments by vendors in advancements in hydrogen storage, and increasing demand of fuel cell vehicles further boosts the market growth.
  
Asia-Pacific generated the highest revenue in the fuel cell industry in 2018, and is expected to lead the global market throughout the forecast period. The increasing awareness among consumers, and rising environmental concerns drive the fuel cell market growth in the region. The governments in the region are investing significantly to promote the adoption of fuel Cell. The increasing application of fuel cells in commercial, and transportation sector further supports the market growth in the region. The increasing penetration fuel cell electric vehicles, and significant increase in power consumption accelerates the adoption of fuel cells in the region.

The Phosphoric Acid Fuel Cells (PAFCs) use liquid phosphoric acid, ceramic electrolyte and a platinum catalyst. PAFCs operate at a higher temperature, and are capable of handling small amounts of fuel impurities. PAFCs are used in high-energy demand applications, such as hospitals, schools, and manufacturing and processing centers. Solid Oxide Fuel Cell (SOFCs)


are the highest temperature fuel cells, operating at about 1800 degrees Fahrenheit. SOFCs use a dense layer of ceramic as an electrolyte, a non-platinum catalyst, and are commonly fueled by natural gas. SOFCs can achieve electrical efficiencies of 50% to 60%, and 70%-80% in CHP applications. SOFCs are used in applications such as small residential auxiliary power units, and large-scale stationary power generators for buildings and businesses.

The well-known companies profiled in the report include Aisin Seiki Co. Ltd., Ceres Power Holdings PLC, Plug Power Inc., Panasonic Corporation, Ballard Power Systems, Inc., Nedstack Fuel Cell Technology, Horizon Fuel Cell Technologies, Intelligent Energy Limited, Mitsubishi Hitachi Power Systems, Ltd., and Toshiba Fuel Cell Power Systems 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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Solar Panels Market 2020-2026 | Growth Opportunities to Tap into in 2020-2026

The global solar panels market size is anticipated to reach USD 90.23 billion by 2026 growing at a CAGR of 12.4% from 2018 to 2026 according to a new report published by Polaris Market Research. It provides insights on the current market scenario and the future prospects. In 2017, the commercial segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2017.

The increase in the adoption of renewable energy sources, significant investments in environmental protection, coupled with government initiatives aimed at increasing the adoption of solar panels majorly drives the market growth. Increasing demand for sustainable energy solutions and government efforts in the form of incentives and schemes boost the market growth. Growing concerns regarding environmental pollution caused by use of fossil fuels and their limited availability further support the market growth. New emerging markets, and declining costs of photovoltaic materials would provide growth opportunities in the market in the coming years.


Asia-Pacific generated the highest market share in terms of revenue in 2017, and is expected to lead the global market throughout the forecast period. The growing urbanization, and depleting traditional energy sources has accelerated the market growth in the region. A significant rise in the initiatives taken by governments of China, India, and Japan to promote the use of solar technology to reduce carbon footprint supports the market growth in the region.
Leading global players are expanding their presence in developing nations of India, China, and Japan to tap the growth opportunities offered by these countries. In June 2017, Heraeus Photovoltaics, a major player in the solar energy market, partnered with Solar Space, a China-based multicrystalline solar cell producer for technological advancement and development of innovative solar panels. In September 2017, Heraeus Photovoltaics, entered into a partnership agreement with JinkoSolar Holding Co., Ltd. Through this partnership, the companies plan to develop advanced solar panels offering higher efficiency and lower costs.


The well-known companies profiled in the Solar Panels market report include Yingli Green Energy Holding, Suntech Power Holdings, SunPower Corporation, Panasonic Solar Panels, Hanwha Q CELLS, Jinko Solar, Canadian Solar, Trina Solar, First Solar, and Bosch Solar Energy. 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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Digital Signage Market Trends, Drivers, Strategies, Segmentation Application with Top Key Players

According to a new study published by Polaris Market Research the global digital signage market is anticipated to reach USD 34.9 billion by 2026. Digital signage helps the companies to promote their products and services using creative ideas, thus reaching out to a large number of audiences at a single time. Digital signages uses audio visuals, thus eliminating the need for printed materials. They are also used for information sharing with the help of self-service kiosks and information kiosks. Different industry verticals are adopting to this technology, owing to its cost effectiveness and due to the ease of content sharing.

The data on digital signages can be shared simultaneously to different screens installed at different locations, thus reducing the time and cost and helps in providing better control over the data displayed. Due to these advantages, the market for digital signage is projected to gain traction over the forecast period.

Displays play a major role in the overall digital signage market. Display technologies such as LCD, LED and projection are widely used. Currently the market for LCD is high, however with the growing adoption of LED display panels, the market for LED display is anticipated to gain traction during the forecast period. This is majorly due to the flexibility, brightness and clarity which these LED screens provide. There are different types of digital signages which are being used in the market which include transparent LED screens, video walls, video screens digital posters and kiosks.


The market share for video screens is high, however video walls are estimated to gain a larger market share due to its increasing usage in different industry verticals. These video walls can be used both indoors and outdoors and can be installed and implemented according to the different shapes of the buildings. Kiosks on the other hand are being used widely in educational institutes, offices and malls for self-help and are estimated to gain traction.

Digital signage components which include hardware, software and service are also gaining a good traction in the market. Hardware is one of the crucial component for digital signage, since it is used for displaying the information. This hardware is expensive and majorly include screens, connectivity hardware and sensors. Software on the other hand helps to display and upload the content on these screens and help them to connect with the central servers. The service segment includes installation and maintenance of these hardware and software. It is estimated that the market for hardware would gain a significant traction followed by software and service segment during the forecast period.

Retail sector is one of the largest adopter of the digital signage technology followed by banking, transportation, government and hospitality industry. This adoption by the retail sector is due to the increasing need and requirement of the retail stores to promote their products, service, offerings in a more attractive way to attract more customers. Along with this sector, the transportation vertical incorporates the use of computerized advertising and screens at airplane terminals, railroad stations, metro platforms, and transport stands. Furthermore, the digital screens are additionally utilized on the streets, over and inside taxis, public transport systems, and on terminals for information sharing as well for advertisements. This increased usage and application in different verticals is boosting the global market for digital signage.

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