Industry Research Report

Friday, 25 June 2021

Neuralgia Treatment Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

Global Neuralgia Treatment Industry: Set to Witness Huge Growth by 2028

The global neuralgia treatment market size is predicted to reach USD 2.83 billion by 2027 according to a new study by Polaris Market Research. The report “Neuralgia Treatment Market Size, Share & Trends Analysis Report, By Treatment (Drug Based [Anticonvulsant Medicines, Tricyclic Antidepressants], Surgeries [Balloon Compression, Glycerol Injection, Radiofrequency Thermal Lesioning, Stereotactic Radiosurgery, Microvascular Decompression]); By End-Use; By Region, And Segment Forecasts, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The neuralgia treatment market is expected to witness significant growth owing to the increasing incidences of diabetes and trigeminal neuralgia. Furthermore, multiple sclerosis is also one of factors which can cause neuralgia. Multiple sclerosis decreases the body immunity owing to the neurodegenerative condition which affects the myelin sheath that can cause neuralgia. This is likely to drive market demand over the forecast period.

The potential drug candidates and the expected drug approval is expected to stimulate the global market, with high concentration of pharmaceutical companies engaged in the research & development of novel drugs for neuralgia treatment. For instance, U.S-based drug manufacturer, Biogen Inc. is developing BIIB074 (Vixotrigine) for the treatment of trigeminal neuralgia and is currently in phase II.

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Market participants such as Allergan Plc, GlaxoSmithKline Plc., Biogen, Inc., Abbott Laboratories, PixarBio Corporation, Merz Pharma GmbH, Trigemina Inc., Pfizer Inc., Novartis, Lupin, and others. are some of the key players operating in the global market. Biohaven pharmaceuticals has Rimegepant in the phase II clinical trials and it is estimated to be completed by December 2020. The drug is a potent antagonist of the CGRP receptor. The receptor is responsible for neural sensitization and neuropathic pain.

In May 2020, CODA Biotherapeutics, Inc. (CODA), the U.S.-based clinical stage pharmaceutical company currently in the process of developing gene therapy based chemogenetic platform announced the collaboration with the Facial Pain Research Foundation (FPRF) to utilize company’s proprietary platform to develop potential therapies and treatment options for the trigeminal neuralgia and other neurological conditions.

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Polaris Market Research has segmented the neuralgia treatment market report on the basis of treatment, indication, distribution channel, and region

Neuralgia Treatment, By Treatment (Revenue – USD Million, 2016 – 2027)

Drug Based
- Anticonvulsant Medicines
  - Carbamazepine
  - Oxcarbazepine
  - Topiramate
  - Gabapentin
  - Pregabalin
  - Clonazepam
  - Phenytoin
  - Lamotrigine
  - Valproic Acid
- Tricyclic Antidepressants
  - Amitriptyline
  - Nortriptyline
Surgeries
- Balloon Compression
- Glycerol Injection
- Radiofrequency Thermal Lesioning
- Stereotactic Radiosurgery
- Microvascular Decompression

Neuralgia Treatment, By End-Use (Revenue – USD Million, 2016 – 2027)

Hospitals & Clinics
Ambulatory Surgery Centers
Others

Neuralgia Treatment, By Regional Outlook (Revenue – USD Million, 2016 – 2027)

North America
- U.S.
- Canada
Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
Central & South America
- Mexico
- Brazil
- Argentina
Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa

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Architectural Coatings Market Recent Developments | Impact of Covid 19 Detailed Analysis

Global Architectural Coatings Industry: Set to Witness Huge Growth by 2028

The global architectural coatings market size is expected to reach USD 99.03 billion by 2027 according to a new study by Polaris Market Research. The report “Architectural Coatings Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Acrylics, Alkyds, Epoxy, Urethanes, Vinyl, Others); By Technology (Water-borne, Solvent-borne, Powder); By Application (Residential, Non-Residential); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for architectural coatings is expected to witness growth on account of increasing demand in the residential and non-residential sectors. In addition, technological advancement in the field of coatings and development of green products is expected to drive the demand for architectural coatings across the globe. Furthermore, increasing construction projects in Asia Pacific countries such as China and India are likely to complement market growth.

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Several traditional solvent-based architectural coatings owing to presence of high levels of Volatile Organic Compounds (VOCs) are losing popularity in the coatings industry. On account of the wide range of advantages of solvent-based coatings such as liquefying properties, increased evaporation rates, and reduced drying time, solvent-based coatings are being used in a variety of industrial applications. Water-borne coatings are gaining popularity on account of eco-friendly nature of the coatings.

Increasing levels of emission of Hazardous Air Pollutants (HAPs) and Volatile Organic Compounds (VOCs) from conventional solvent-based coatings have raised concerns pertaining to environmental degradation. The government across the globe are restricting the usage of toxic and harmful coatings. With enactment of stricter laws and regulations to curb air pollution caused due to hazardous emissions and conventional solvent-based coatings are likely to be soon replaced by green- or bio-based solvents. In order to comply with the laws and regulations, consumers are increasingly opting for green coatings.

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Market participants such as PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Kansai Paints Co., Ltd., Asian Paints Limited, and Nippon Paint Holdings Co., Ltd., BASF SE, Masco Corporation, Jotun Group, and RPM International Inc. are some of the key players operating in the concerned market. The research scholars at the premier IIT Hyderabad are using fly ash to form water repellent structure. These hydrophobic structures can be used as anti-soiling coatings, stainless textiles, self-cleaning coatings, and anti-sticking surfaces for the antennae.

Access Control System Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

Global Access Control System Industry: Set to Witness Huge Growth by 2028

The global access control system market size is expected to reach USD 15.62 billion by 2027 according to a new study by Polaris Market Research. The report “Access Control System Market Share, Size, Trends, Industry Analysis Report, By Type [Hardware (Card-based Readers, Biometric Readers, Multi-technology Readers, Electronic Locks, Controllers, Others), Software (Visitor Management System, Other), Services (Installation & Integration, Support & Maintenance); By End Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The shift from key-based to keyless Access Control System has eliminated the stress associated with key-dependent access systems, such as keys misplacement, etc. It has, furthermore, enhanced the end-user experience, as these systems are comparatively more efficient, faster processing power, and multitude options for unlocking doors (RFID, biometric, keypad, and key, all in one access system to eliminate the dependence on one type of access system), and remote accessibility.

Owing to such features, Access Control System are now widely installed across several industries, and the market, globally, is furthermore expected to witness impelling growth during the forecast period as well. Moreover, the desired need for enhanced security, living standards, and spending capability of the population are furthermore expected to drive the market.

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Finger-vein recognition technology requires finger scanning with the use of infrared sensor and a chargeable device, which highlighting unique finger pattern in a database aiming to reduce dummy finger issues providing high security and has found mass growth in sectors like attendance tracking, border control, etc.

Owing to the increasing burglaries in residential areas has led to the high demand for enhanced access systems. Besides this, increasing adoption of smartphones is observed, globally. Henceforth, the lack of presence of competition in the remote access control system market, in response to the increasing demand for remote access security from the end-users, poses a high growth opportunity for vendors planning on investing in the same.

Use of artificial intelligence and smart applications like biometrics and card-based access control system add value to business ensuring high-level security with enormous indirect data collection pertaining to the employees. High-security doors mounted with intelligent PACs are being installed in areas like server room racks and cabinets, this is expected to drive market growth.

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Companies such as Honeywell International, Allegion, Avigilon, Bosch security, Johnson controls, 3M Cogent Inc., Accu-Time Systems Inc., Aware Inc., Bio-Key International Inc., Axis communications, Assa Abloy, United Technologies Corporation, Digital Persona Inc., IrisID Systems Inc., Morphotrak LLC, NEC Corporation, and Secugen Corporation are few key players operating in the Access Control System market.

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Thursday, 24 June 2021

Background Music Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

Global Background Music Industry: Set to Witness Huge Growth by 2028

The global background music market size is expected to reach USD 2.49 billion by 2027 according to a new study by Polaris Market Research Restaurants and other food service outlets use multiple marketing tactics and strategies to increase the footfall. Acoustic branding, which involves design and presentation of appropriate background music that reinforces the brand personality is gaining traction among establishments. Within the hospitality industry, it is pivotal that the background music is in sync with brand values to create distinct and unique customer experiences.

Auditory experience plays a vital role in distinguishing the restaurant brands from their competitors, which makes it a key area of consideration for every restaurant or café chain. However, the perceived benefits associated with background music systems can vary from customer to customer, as a result, it has a certain level of limitations to it.

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Lucrative business of retail giants such as Walmart, Whole Foods, the Kroger Co., Costco, and Home Depot; and further expansion of retail network is expected to offer growth opportunity for the market. Buoyancy in hospitality industries and adoption of innovative business strategies to enhance profits have positively impacted the demand for background music.

Hiring of music consultants by stores, restaurants, and many other businesses is rising significantly owing to their ability to provide expertise on suitable background music. Music consultants are being increasingly approached by business units to create distinct and cohesive musical identities for their brands, which also implies fusion of the brands with specific heritages. This, in turn, is also creating large-scale penetration for background music systems across various business verticals.

Further, the fitness industry in the region is evolving to align their offerings with changing fitness trends. According to the International Health, Racquet & Sports Club Association (IHRSA), over 25,000 health clubs of fourteen markets in Asia Pacific attracted over 22 million members. The expanding middle class and significant influence of millennial population have significantly propelled the growth of the end-user industries that use background music systems to strengthen consumer relations and obtain business profits.

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Some of the key participants in the industry include PlayNetwork, Inc., Sirius XM Holdings, Inc., Auracle Sound, TouchTunes Music Corporation, Imagesound, Soundnet Limited (Soundjack), Easy on Hold, Xenox Music & Media B.V., Express Melody, Qsic Pty Ltd., OpenEar Music, Cloud Cover Music, Almotech Media Solutions, and Mood Media Corporation.

Special Effect Masterbatches Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

Global Special Effect Masterbatches Industry: Set to Witness Huge Growth by 2028

The global special effect masterbatches market size is expected to reach USD 4.69 billion by 2027 according to a new study by Polaris Market Research. The report “Global Special Effect Masterbatches Market Share, Size, Trends, Industry Analysis Report, By Effects Type (Appearance, Functional, Material), By Application (Hygiene & Baby Product, Automotive, Home Care & Household, Consumer Appliances, Packaging, Sports & Leisure, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Special effect masterbatches are used for medical applications are medical equipment, drug delivery systems, and single-use devices. They are also used for diagnostic imaging equipment such as MRI scanners, CT scanners, ECG machines, ultrasound machines, x-ray systems, patient monitoring systems, and diagnostic kits. Special effect masterbatches are also used in single-use devices such as surgical clips, wound clips, filter media, housing and functional parts for disposable items, and multiple-use devices such as components for sterilizer equipment, grips/handles for surgical instruments, minimally invasive surgical devices.

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Product development and process innovation are key aspects of the special effect masterbatches market. Constantly changing consumer needs and preferences are defining trends in the current market scenario. Pre-designed special masterbatches are of high demand in industrial applications such as automotive, packaging, consumer appliances, etc.

One of the technologies used for making special effect masterbatches is blow molding. Blow molding is a robust manufacturing technology, with the help of which, resonating plastic pieces are manufactured. The common blow molding types include injection blow, extrusion, and injection stretch blow molding. Furthermore, blow molding has several advantages, and it is used in the automotive industry. Also, due to the advancement in this technology, it can now compete with injection molding and thermoforming technologies. An important new area for this technology is in packaging products.

The gross domestic product (GDP) is one of the prime factors indicating the economic health of any country. Since the global economic crisis in 2008, the world GDP has witnessed significant growth in the past seven-eight years. The global GDP is estimated to grow at an average rate of 3% per year and is expected to double in the next two decades.

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The global special effect masterbatches market is predicted to remain buoyant throughout the forecast period. The companies continually reinventing growth drivers by producing creative content adapted to each tribe of application. Among the major applications, the packaging and consumer appliances segment have lucrative opportunities over the forecast period.

Some of the key participants in the special effect masterbatches industry include both tier-I and tier-II players. Clariant AG, Ampacet Corporation, Polyone Corporation, A. Schulman, Inc., Dongguan Greentech Plastics Co., Ltd, KK Polycolor Asia ltd, Cabot Corporation, Kandui Industries Pvt. Ltd, Teknor Apex, Hubron International, Sonali Polymers Pvt. Ltd, Gabriel-Chemie, Plastika Kritis S.A., Americhem Inc., Plastiblends India Ltd, Tosaf Group, and Penn Color, Inc. In March 2020, the Asia business expansion consultant, DKSH, entered into a distribution agreement with China-based Chengdu Silike Technology Co., Ltd, for its silicone masterbatches in Europe.

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Capacitive Sensors Market Global Industry Analysis By Trends, Future Demands, Growth Factors 2028

Global Capacitive Sensors Industry: Set to Witness Huge Growth by 2028

The worldwide Capacitive Sensors Market is anticipated to reach around USD 40 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer electronics segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Capacitive Sensors market.Capacitive Sensors Market Is Expected to Reach USD 40 Billion in 2026

The demand for capacitive sensors has increased owing to rising demand for consumer electronics, growing demand for vehicles from emerging economies, and modernization of vehicles. The rising use of capacitive sensors in consumer devices, and growing demand from healthcare sector has resulted in the capacitive sensors market growth. The rising adoption of touch screen displays, and connected devices has increased the demand for capacitive sensors across the globe.

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The growing implementation of scratch-resistant non-glass surfaces, and miniaturization of sensors further accelerates the adoption of capacitive sensors. Growing demand from emerging economies, development of smart devices, increasing adoption of IoT, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The leading companies profiled in the Capacitive Sensors Market report include Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, Inc., 3M Company, Fujitsu Limited, Cypress Semiconductor Corporation, Analog Devices Inc., TPK Holding Co. Ltd., Siemens AG, and STMicroelectronics NV. 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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In 2017, Asia-Pacific accounted for the highest share in the global Capacitive Sensors market. The primary factors driving the Capacitive Sensors market growth in the region include established automotive industry, rising demand for consumer electronics, technological advancements, and high investment in R&D. The economic growth in countries such as China, Japan, and India, increasing development of smart technologies, and rising disposable income of consumers further increases the demand of Capacitive Sensors in the region.

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Activated Carbon Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

Global Activated Carbon Industry: Set to Witness Huge Growth by 2028

According to a new study published by Polaris Market Research the global Activated Carbon Market is anticipated to reach USD 13.44 billion by 2026.

Activated carbon is a widely used adsorbent and a major component in industrial processes. Composed of homogenous and micro porous structures along with higher surface areas it shows immense stability for radiation. Stringent regulatory framework mainly in the U.S. and China markets are expected to drive the activated carbon market growth. In these markets, along with other industrially developing countries, stringent regulatory framework have reflected rising emphasis on removal of mercury. This in contrast stringent regulatory framework and stepped up enforcements have stem them from efforts to fight water and air pollution caused due to rapid industrialization.

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Increasing manufacturing activities in several industrializing countries have also added to product demand for the activated carbon market. Globally developing and increasing output from the pharmaceuticals and chemicals sector have also augmented for higher product demand due to increasing need of activated carbon for purifying feed water and several other components during manufacturing processes. Yearly increasing production of vehicles are supporting demand for activated carbon, owing to the fact that developing and even developed countries implement rigorous standards for emission from motor vehicles, thus creating the need for larger activated carbon based canisters.

Activated carbon injection technology has gained immense popularity as a primary technology for mercury removal mainly in coal-fired power plants, solid waste incinerators, cement plants and industrial boilers. Several European countries and Canada has also framed mercury emission standards, however these are not as stringent as that of in the U.S. Disinfection byproduct limit for water used for consumption is also projected to drive product demand for activated carbon market over the forecast period. This is however a mature application in most of the developed countries, but for the emerging nation especially for the Asia pacific region it is a promising end-use segment.

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The process for manufacturing of high performance activated carbons do not comply with the regulatory schemes of every developed nation and hence import or export of the products is a tedious task. Regenerated activated carbons do not retain efficiency to its full potential and increasing availability of effective yet inexpensive alternatives for activated carbon is a serious threat to the industry growth.

North America activated carbon market was the leading region in 2017. The U.S. Environment Protection Agency framed new forces of air and mercury toxic standards last year. These regulations require significant reductions for removal of mercury emitted from industrial processes. Stringent regulations for emission control in the country are the main reason that will increase demand for the product over the forecast period. Asia Pacific activated carbon market is anticipated to be the fastest growing market by 2026. China is the leading market in the region and implementation of their new five year plan for cutting down emission will drive product the activated carbon market demand over the forecast period.

Some of the leading industry participants in the activated carbon market include Oxbow Activated Carbon LLC, Prominent Systems Inc. , Silcarbon Aktivkohle GmbH , Donau Carbon GmbH , Kureha Corporation , Haycarb PLC , Kuraray Co. Ltd , Calgon Carbon Corporation , Cabot Corporation and Osaka Gas Co., Ltd.

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Wearable Sensors Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

Global Wearable Sensors Industry: Set to Witness Huge Growth by 2028

The worldwide Wearable Sensors Market is anticipated to reach around USD 4,281 million by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global wearable sensors market.

The expanding telecommunication industry, along with increasing demand from the healthcare sector increases the demand for wearable sensors. The increasing use of wearable sensors in consumer electronics and wearables, along with growing health awareness among consumers support the wearable sensors market growth. The rising adoption of MEMS and NEMS technologies, and IoT boosts the adoption of wearable sensors. Other factors driving the market growth include growing geriatric population, technological advancements, and development of smart technologies. New emerging markets, emerging consumer demographics, and increasing applications would provide growth opportunities for Wearable Sensors market in the coming years.

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In 2017, North America accounted for the highest share in the global wearable sensors market. The primary factors driving the wearable sensors market growth in the region include established healthcare sector, rising healthcare costs, growing consumer awareness, and rising health concerns. The increasing demand for consumer electronics, technological advancements, and high investment in R&D further supports market growth in the region. The introduction of favorable government regulations regarding wearable sensors, and rising demand for fitness devices boost the wearable sensors market in North America. The increasing development of smart technologies, and growing adoption of connected devices and IoT further increases the demand of Wearable Sensors in the region.

The companies operating in the wearable sensors market include Infineon Technologies AG, Texas Instruments Inc., Broadcom Limited, Asahi Kasei Microdevices Corporation, NXP Semiconductors N.V., Robert Bosch GmbH, Invensense, Inc., TE Connectivity Ltd., Knowles Electronics, LLC, and Panasonic 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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Ultracapacitors Market SWOT Analysis, Growth Rate of Top Manufacturers Profiles

Global Ultracapacitors Industry: Set to Witness Huge Growth by 2028

The global ultracapacitors market is anticipated to reach USD 8,017.7 million by 2026, according to a new research published by Polaris Market Research. Asia-Pacific is expected to grow at the highest rate during the forecast period.

The diverse applications of ultracapacitors in industries such as healthcare, automotive, and consumer goods among others are expected to support the growth of the ultracapacitors market. Other driving factors include rising demand for ultracapacitors in electric vehicles, growing use of smart meters, and rising awareness regarding use of efficient energy storage devices. However, high production costs hamper the growth of the ultracapacitors market. Growing demand from emerging economies, growing adoption of electric vehicles, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

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The growing adoption of electric vehicles, and increasing modernization of vehicles is expected to support market growth of the ultracapacitors market. The increasing requirement to reduce vehicle emissions and global carbon footprint drives the demand for electric vehicles. Use of electric vehicles offer benefits such as low maintenance costs, reduced harmful vehicle emissions, while providing comparable power.

Asia-Pacific is expected to grow at the highest rate during the forecast period owing to the presence of emerging industries such as healthcare, agriculture, construction, and automotive. The increasing use of ultracapacitors in consumer electronics, and electric vehicles, substantial initiatives in research and development, and increasing awareness regarding energy efficiency drive the market growth. Rapid industrialization and growth of manufacturing industry further support market growth in the region.

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The key players operating in the ultracapacitors markets include Maxwell Technologies, Skeleton Technologies, Nippon Chemi-Con Corporation, CAP-XX, Supreme Power Solutions Co. Ltd, VINATech Co.,Ltd., NEC-TOKIN, LS Mtron, Nesscap, and Ioxus 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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Satellite Propulsion System Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

Global Satellite Propulsion System Industry: Set to Witness Huge Growth by 2028

The global Satellite propulsion system market is anticipated to reach over USD 29.9 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the chemical propulsion segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Satellite propulsion system market.

The growing adoption of small satellites for commercial applications owing to its low cost and light weight supports the Satellite Propulsion System Market growth. Growing use of satellites in defense sector would boost the growth of this market. Technological advancement in terms of miniaturization of components, and associated software has encouraged established organizations, and small and medium enterprises to invest in small satellites, thereby supporting market growth. The increasing deployment of satellites in commercial applications such as remote sensing, earth observation, and technology development, and rising deployment of cubesats fuels the growth of the Satellite Propulsion System Market. Growth in space expeditions, rising need for long range missiles, increasing military expenditure worldwide, and technological advancements are expected to provide growth opportunities during the forecast period.

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The North America Satellite Propulsion System Market is expected to dominate throughout the forecast period. Rise in applications of satellites in agriculture, real estate, defense, and government sectors in this region is the major driver for market growth. The affordable price of small satellites also accelerates the penetration in the commercial sector. Rise in investment in the defense sector, along with technological advancement is expected to drive the market growth during the forecast period.

The leading companies profiled in the Satellite Propulsion System Market report include Ball Aerospace & Technologies Corp., Thales Group, Safran S.A, Mitsubishi Electric Corporation, Airbus Defense and Space, Airbus Defense and Space, The Boeing Company, Orbital ATK Inc., Aerojet Rocketdyne, OHB System AG, Bellatrix Aerospace, and Northrop Grumman Corporation 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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