Connected Worker Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 The global Connected Worker market size is projected to reach USD 21.9 billion by 2028, growing at a CAGR of 27.0% during the forecast period. The report “Connected Worker Market Share, Size, Trends, Industry Analysis Report By Component; By Technology (RFID Location Triangulation, Wi-Fi, Cellular, Bluetooth, Low-Power Wide-Area Network (LPWAN), Wireless Field Area Network (WFAN), and Zigbee); By Deployment; By End-user (Manufacturing, Construction, Mining, Oil & Gas, and Others); By Regions, Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The hardware segment has registered a higher revenue share in the global connected worker market. The software segment is anticipated to grow exponentially with a CAGR of 27.8% during the forecast period, i.e. 2021 to 2028. In terms of regional outlook, the Asia Pacific region is anticipated to grow substantially with a CAGR of over 28%. Furthermore, the RFID location triangulation segment is projected to rise to USD 6.3 billion by 2028.

 

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The report gives a holistic view of current market dynamics and provides a prediction on future market trends. The increasing need for a collaborative working environment, rapid technological advancements, rising demand for mobility, and improved workforce productivity are some of the major factors fueling the growth of the global connected worker market. Increased use of smartphones, growing adoption of IoT, and increasing inclination towards technology further boosting the growth of the global connected worker market. The rising need for streamlining business operations to increase productivity and ensure safety fostering the adoption of connected worker technologies. In addition to this, growing safety concerns and strict regulations for workforce safety are the key driving factors for the global market.

 

All the workers from the manufacturing plant were previously used to manually cross-check all the day to day operations. With the emergence of connected worker technology, the industry experiencing an advanced era of connectivity. This has greatly reduced the possibilities of human errors and enhanced digitalization for smoother operations. A connected worker solution is a unique platform that helps to keep continuous tracking and real-time visibility of all processes. Flexible remote assistance with the assistance of augmented reality technology is some of the key features that further supported the connected worker platforms.

 

The leading market players are involved in various activities such as acquisitions, collaboration, joint ventures, partnerships, and mergers for taking lead in the global connected worker market.  Increasing technological advancements along with the invention of innovative products at low costs and rising spending from the IT services industry are envisioned to bolster the demand for the global connected worker market over the forecast period.

 

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The connected worker market in the North American region is providing lucrative opportunities in the form of expansions for several market players. Increased smartphone penetration along with improved internet & broadband connectivity coupled with rising customer demand for continuous access to content are expected to foster the growing connected worker market. In addition to this, several new entrants are entering the market focusing to expand their operations, boosting demand for connected workers. On the basis of regions, North America emerged as the biggest market for connected worker solutions.   

 

Some well-established companies operating in the global connected worker market include Avnet, Inc., Accenture, 3M Company, Honeywell International Inc., Fujitsu Ltd., Intel, Oracle Corporation, Smart Track S.R.L., Wearable Technologies Limited, Vandrico Solutions Inc., Wipro, and Zebra Technologies. Key market participants are continuously involved in collaborations and product launches to innovate solutions offering to meet growing requirements from consumers.

 

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Autonomous Underwater Vehicle Market Size, Share, Opportunities, In-Depth Analysis And Forecasts

 The global autonomous underwater vehicle market size is expected to reach USD 3.22 Billion by 2028 according to a new study by Polaris Market Research. The report “Autonomous Underwater Vehicle (AUV) Market Share, Size, Trends, Industry Analysis Report By Technology (Collision avoidance, Navigation, Communication, Imagery, Propulsion); By AUV Type (Shallow, Medium, Large); By Payload (Sensors, Cameras, Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler Current Profilers, Others); By Application (Army & defense, Petroleum & gas, Environmental security & tracking, Oceanography, Archeology & exploration, Search & rescue activities); By Regions – Segment Forecast, 2021 – 2028”gives a detailed insight into current market dynamics and provides analysis on future market growth.`

 

Autonomous underwater vehicles or AUVs can also be used to track illegal trafficking in human beings and drugs alongside the smuggling of products and equipment. Autonomous underwater vehicles are helpful for a broad spectrum of tasks such as shipwrecks, rock formations mapping, and other obstacles that could be hazardous to recreational and commercial navigation ships. Autonomous underwater vehicles are fitted with state-of – the-art sensor systems, such as sonar systems and oceanographic sensors, which, instead of operator interference, can finish the entire task.

 

 

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Increasing numbers of research operations in the oil & gas industry, combined with growing public expenditure on marine water surveillance to preserve the equilibrium of aquatic life, are anticipated to drive the global AUV market over the forecast period. The creation of an intricate seabed map ensures that petroleum and gas enterprises build pipelines and facilities is assisted by the use of autonomous underwater vehicles. Furthermore, mapping the ocean floors by autonomous underwater vehicles makes installation of submerged floors more cost-effective without harm to the underwater environment.

  

In addition, fast development in fish farming is also paving the way for the AUV market to grow as these vehicles can provide an inexpensive and safe platform for aqua farmers to monitor water quality parameters such as temperature, turbidity, and conductivity and observe fish conduct during aquaculture feeding procedures.

 

The growth of the AUV industry is hampered by the high capital investment and the difficulties in the establishment of connections at deep water levels. This hinders the vehicles in transmitting or sending data and other relevant information above sea level. Although sales volumes are rising, the use of vehicles that hinder the AUV sector is regulated by several government organizations.

 

Furthermore, in autonomous vehicles, the automotive manufacturers and their technology partners are engaged in the development of AI-driven systems to enable autonomous underwater vehicle. These systems integrate a broad range of AI-enabled technologies, including NLP and neural networks. These technologies offer several features that increase the understanding of underwater vehicles, enabling the safe drive with or without driver on board.

 

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Autonomous underwater vehicle manufacturers are found to adopt primarily three kinds of approaches, namely acquisitions, collaborations and product launches, to create distinctive brand value and enrich their global market shares. Manufacturers of autonomous underwater vehicles are installing state-of-the-art sensor systems like Sonar. Atlas Elektronik GmbH, Bluefin Robotics, Saab Group, Lockheed Martin Corporation, Boston Engineering Corporation, Oceanserver Technology, International Submarine Engineering (ISE) Ltd., Kongsberg Groups, Teledyne Technologies, Eca Group, Graal, Inc., and Fugro are major players working in the AUV market. The increasing rivalry among AUV players to maintain their position by providing innovative and unique technology-based cars is progressively making them invest in multiple R&D operations and helping to eliminate the disadvantages provided by current vehicles.

High-end Lighting Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 Global High-end Lighting Industry: Set To Witness Huge Growth By 2026

The global high-end lighting market size is expected to reach USD 25.3 billion by 2026 according to a new study by Polaris Market Research. The report “High-end Lighting Market Share, Size, Trends, Industry Analysis Report By Light Source (HID, LED, Fluorescent Lights), Application Type (Wired, Wireless); End-user (Industrial, Commercial, Residential and Others); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Lighting market has witnessed a huge transformation in the past few years due to the introduction of LED lights. The high-end lighting market is sure on transition state from traditional lighting technologies. However, the global events have given clear contours to the advancements in lighting industry, causing a shift in some of the parameters in the past few years. Introduction of stringent regulations pertaining to usage of energy saving lights has led to augment in usage of energy efficient lights such as LED as well.

 

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The inclination towards smart homes that are connected has led to massive transition in the demand for high-end lighting in the past few years. The introduction of standardized deviation color matching systems (SDCM) is also one of the major factors driving growth of high-end lighting market. Technological advancements in the lighting market coupled with introduction of green lighting systems has also fueled the growth in demand for these high end lighting, thereby driving the growth of the market. Major players in this market can focus on cross industry expansion, thus bring in new opportunities in terms of revenue.

 

 

Wireless high-end lighting technology are anticipated to enjoy a very bright future. The high-end lighting market is dominated by wired systems, however, a shift to wireless systems is expected in the near future. However, the latter is not expected to replace wired technologies in near time. Augment in interest for minimalist designs for homes has led to installations for wireless high end lightings. New technologies have also led to better connectivity with other devices in homes, and commercial setups. Growth in commercial sector in developing countries has also led to increase in demand for high-end lights, thus driving the growth of this market.

 

 

Asia Pacific is expected to witness exponential growth in demand for high-end lightings over the forecast period. Ban on usage of HID and incandescent lightbulbs as a part of energy conservation law in China, has also driven the adoption of LEDs in this country. This in turn, has led to augment in demand for high-end lightings in the recent years, thus fueling the growth of the market. In addition to this, Europe has accelerated the switchover to ecological lighting systems by extending regulation to ban usage of low-voltage halogen lamps. Japan is also expected to witness increase in installations of high-end lighting at the 2020 Tokyo Olympics. Hence, the market size for high end lightings is anticipated to witness significant growth in this country.

 

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The key players in this market include OSRAM Licht AG, Philips Lighting Holding B.V., CREE Inc., General Electric Company, Toshiba Co., Digital Lumens, Inc., Holtkoetter, CMD Ltd., Helestra Leuchten GmbH, and less’n’more gmbh among others. These key market players are continuously focusing on R&D activities in order to gain major market share. In addition to this, the key market players in high end lighting have adopted the strategy of signing agreements with other small players so as to geographically increase the visibility of their products.

 

Industrial Microwave Heating Market Is Expected To See Huge Growth. Latest Research Report

 Global Industrial Microwave Heating Industry: Set To Witness Huge Growth By 2028

The global Industrial Microwave Heating Equipment Market size is expected to reach USD 1.57 billion by 2027 according to a new study by Polaris Market Research The market is expected to grow at a substantial rate over the forecast period. Government regulations aimed at reducing energy usage, efforts taken by companies to achieve sustainable goals, coupled with rising industrialization across the globe especially in Asia Pacific region is expected to benefit the overall industry growth. Inherent advantages of industrial microwave heating systems such as low energy requirement, better control over the process and ability to offer customized services have resulted in wide applicability of these systems in a spectrum of end-use industries thus further driving the market growth.

 

The market is characterized by frequent mergers, acquisition, as well as other strategic initiatives by leading market participants. In August 2020, Meyer Burger Technology, a Swiss based conglomerate sold its subsidiary business Muegge, to Germany based equity firm HQ Equita. Muegge is involved in providing industrial microwave heating systems in addition to plasma equipment to a host of application industries.

 

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Industrial Microwave Heating Equipment is finding widespread applications in food & beverage industry and is used for microwave food drying, pasteurization, sterilization, tempering, heating, among others. The usage of microwave equipment ensure that all these processes are ensured with high efficiency, retention of original nutritional content, and in less cost. This scenario is further driving the penetration of these equipment in the food & beverage industry. This trend has resulted in a rise in demand for industrial microwave heating equipment for applications in food & beverage industries thus resulting in overall market growth.

 

China occupies a majority of market share in the Asia Pacific region. The country is highly industrialized and has emerged as a major manufacturing hub in the world. These trends have benefitted the overall market growth. The country effectively curbed the coronavirus outbreak and hence, did not suffer as much as other European countries. This ensured that the manufacturing in the country to be operational, thus benefitting the overall market growth.

 

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Industries, in the recent past paid special attention to development and modification of Industrial Microwave Heating Equipment technology to exactly match the process needs of their clients. Different application needs have different process requirements and it is imperative that these heating systems have the ability to modify parameters such as Working Frequency, Working Temperature, Working Temperature, Control Method, Conveyor Speed, Drying Temperature, among others. Continuous R&D has enabled participants to achieve the same and this trend is a major contributor to the generalization of Industrial Microwave Heating Equipment in various application industries.

                                                     

Some of the key market participants that operate in the industry include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation among others

 

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Catheters Market Is Expected To See Huge Growth. Latest Research Report

 Global Catheters Industry: Set To Witness Huge Growth By 2028

According to a new report published by Polaris Market Research, the global catheters market is anticipated to reach USD 56.5 billion by 2025. In 2017, by product type, cardiovascular catheter segment captures the largest market shares in terms of revenue and hold major share in the market. Regionally, North America accounted for the major share in the catheter market.

 

Catheters are thin tubes made up of plastic, nylon, polyvinyl chloride (PVC), and silicon rubber. Catheters are majorly used in catheterization while surgical procedures like angioplasty, and neurosurgery. The catheters market is primarily driven by continuous growth in the population suffering from cardiovascular disorders and diabetes. Presently, various countries showed the growth in number of patients suffering from hypertension and diabetes which is braced by factors such as smoking, drinking and sedentary lifestyle of the population. In addition, favorable reimbursement policies, increasing demand for minimal invasive surgeries, and technological advanced catheter with high effectiveness by its use would spur the global catheter market during the forecast period. on other hand, the wide application of catheter in various surgeries such as angioplasty would also push this market. The reimbursements by the Medicaid program that provide approximately 100 catheters per month to add the growth of catheter market in the future.

 

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Cardiovascular Catheters, holds a major share in the global catheter market. The cardiovascular catheter market is further segmented as PTCA balloon catheters, IVUS catheters, PTA balloon catheters, electrophysiological catheters, and others. The growth of cardiovascular catheters is majorly driven by the increasing incidences of cardiovascular diseases supporting the growth of cardiovascular interventional procedures. While, urological catheter holds the second largest segment with largest revenue. The factors contributing for the growth of urological market are continuous technological advancements, and increasing prevalence of urological diseases in the coming year.

 

Geographically, North America holds a dominating position in the global catheter market followed by Europe and Asia Pacific. The growth in the North America catheter market is driven by the presence of refined health infrastructure, high volume of catheterization in medical procedures, high healthcare expenditure by the individuals, and high level of patient awareness about the use catheters. Whereas, Asia Pacific is expected to reach remarkable growth owning to the increased penetration rate of these devices in the developing countries, growing technological advancements pertaining the development of new-catheter devices, and improving healthcare expenditure would influence the catheter market in Asia Pacific during the forecast period.

 

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The leading companies operating in this industry include Johnson & Johnson Inc., Abbott Laboratories, Becton, Dickson and Company, B. Braun Melsungen AG., Medtronic plc., Boston Scientific Corporation, Cook Group Incorporated, Teleflex Incorporated, Cardinal Health Inc., Smiths Medical, Arrow International Inc., Edward Life Science Corporation, and Coloplast.

 

Key Findings from the study suggest products available in the market are continuously concentrating on the technological advancements that will reduce the side effects caused by the use of catheters. The leading companies while developing new products considers the factors such as increasing disposable income, and untapped market potential. North America is presumed to dominate the global catheter market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

 

Healthy Snacks Market Is Expected To See Huge Growth. Latest Research Report

 The Report “Healthy Snacks Market [By Product Type (Dried Fruit Snacks, Meat Snacks, Cereal and Granola Bars, Nuts and Seeds Snacks, Others); By Distribution Channel (Offline, Online); By Regions]: Market size & Forecast, 2017 – 2026 “the Global Healthy Snacks Market is anticipated to reach around USD 40,699 million by 2026. In 2017, the cereal and granola bars segment dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global healthy snacks market.

 

The rapid increase in the obesity rate of the global population majorly drives the growth of healthy snacks market. Growing concerns regarding healthy eating habits and increasing disposable income in developing regions support the market growth. The consumers are increasingly consuming snacks with a high content of fiber, calcium, protein, whole grains, vitamins, and minerals. There has been an increasing demand of snack products, which enable consumers to maintain weight, provide nutritional requirements, and align with their health goals. Major factors for increased demand include an additional source of protein and other nutrients. However, the high costs of healthy snacks limit the growth of the market. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for healthy snacks market in the coming years.

 

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Top Companies Player PepsiCo Foods, Nestlé S.A., General Mills, The Kellogg Company, The Kraft Heinz Company, Herbalife Ltd., Nutrisystem Inc., Mondelez International, Inc., Hormel Foods Corporation, Tyson Foods, Inc., Calbee Inc., and B&G Food Inc. among others.

Increasing incidences of health disorders related to obesity have resulted in increased awareness regarding healthy eating habits. The growing digitization and access of information has further increased consumer awareness. Health and fitness consciousness is also increasing in countries such as China and India due to improving lifestyle and changing food habits. Consumers are tracking their nutritional intake, and consuming healthy snacks, thereby supporting market growth. Leading players in the market are also taking initiatives to increase awareness among consumers through health subscription and other marketing campaigns

 

Asia-pacific is expected to grow at the highest CAGR during the forecast period. A significant rise in the obese population has been registered over the past few years in Australia, China and Japan among others. The obese and geriatric population is increasing in this region, increasing the demand of healthy snacks in the region. The sedentary lifestyle coupled with hectic work schedules is encouraging consumers to adopt healthy snacking options to meet their nutritional requirements. Increasing awareness regarding the health benefits of healthy snacks and rising disposable incomes in developing countries of this region augment the market growth in the region. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

 

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The various types of healthy snacks include dried fruit snacks, meat snacks, cereal and granola bars, nuts and seeds snacks, and others. The cereal and granola bars segment is expected to lead the market during the forecast period owing to increasing demand of on-the-go nutritious snacks. Additional features such as better taste and increased filling capacity further encourage its consumptions. These bars provide instant energy, thereby increasing its demand among sportsmen.

 

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Electric AC Motors Market Is Expected To See Huge Growth. Latest Research Report

 The global electric AC motors market is estimated to reach USD 166.5 billion by 2026 growing at a CAGR of 8.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Electric AC Motors Market Share, Size, Trends, & Industry Analysis Report, By Type (Induction AC Motors, Synchronous AC Motors); By Application (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the Induction AC Motors segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

The increasing automation in various industrial processes, and use of electric AC motors in diverse applications such as healthcare, construction, automotive, and consumer goods among others is expected to support the market growth. Increasing use of electric AC motors in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include rising demand for household appliances, growing use in HVAC applications, and government support for development of high efficiency electric AC motors. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the electric AC motors industry during the forecast period.

 

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Asia-Pacific generated the highest revenue in the market during 2017, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support the strengthening of electric AC motors industry in the region. The increasing sale of passenger vehicles, coupled with high penetration of electric vehicles in countries such as China, and Japan increases the adoption of electric AC motors in the region.

 

The different types of electric AC motors include induction AC motors, and synchronous AC motors. In 2018, the induction AC motors segment accounted for the highest share in the electric AC motors industry owing to the increasing demand from industries such as agriculture, paper & pulp, and chemicals. Some key features offered by induction AC motors include controlled acceleration, simplicity, low-cost, quiet, long-lasting, and low power demand on start, among others.

 

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The well-known companies profiled in the electric AC motors market report include Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation, Inc., Baldor Electric Company, Allied Motion Technologies Inc., Ametek Inc., Asmo Co. Ltd., Franklin Electric Co. Inc., and ABB Limited among others. These companies are consistently launching new products to enhance their offerings in the electric AC 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.

Aerial Refueling Systems Market 2021 Industry Outlook, Comprehensive Insights, Growth And Forecast

 The global aerial refueling systems market size is expected to reach USD 719.8 million by 2026 according to a new study by Polaris Market Research. The report “Aerial Refueling Systems Market Share, Size, Trends, Industry Analysis Report By Aircraft Type (Combat & Tanker, Turboprop & Helicopter, UAV), By System (Hose & Drogue, Boom & Receptacle), By Component (Hose, Drogue, Probe, Boom, Refueling Pods, Others), By End User (OE, Aftermarket), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The aerial refueling systems have evolved over the time and continuous enhancements in technology is perceiving the growth in applications of these systems over the course of time leading to a well-established market in the future. continuous improvements are taking place in the aerial refueling systems to manufacture advanced systems with high-level precision and reliability. Air-to-air refilling has always been a key enabling factor for air military power as these systems are supporting the combat aircraft and enhancing the capabilities of these aircraft during wartime and other missions. Today’s defense air forces are majorly dependent on air-to-air refilling systems, but on the other hand, aerial refilling for commercial aircraft still seems to be a challenging task. Although, the aviation industry is looking forward to introducing aerial replenishing for long distance flights, the experts and engineers are still pondering upon the successful execution process to accomplish air-to-air refueling for commercial aircraft.

 

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Increasing military expenditure, growing tanker aircraft deliveries, emergence of multi-role tanker aircraft, increasing tanker aircraft fleet globally, and rising demand of long-run military aircraft for special purpose missions are some of the major factors aiding growth of market. The demand for air-to-air replenishing tanker is highly dependent upon military expenditure and thereby impacting the market for aerial refueling systems. Some of the countries in Asia Pacific region such as China, India, South Korea, & Saudi Arabia have already been increasing their military expenditure for acquisition of advanced weapon systems and aircraft. Also, the U.S. is largest country which spends highest in their defense budget globally. For instance, in 2016, the global military expenditure was estimated to be around US$ 1,695 million in which the U.S. accounted for more than 35% of share. Also, the U.S. accounts for largest fleet of military aircraft in the world which in turn drives the demand for air-to-air refilling systems globally.

 

Among aircraft type, combat & tanker aircraft was estimated to be the largest segment for air-to-air refueling systems in 2019, owing to high need for aerial refueling systems for covering a long-distance defense mission. Moreover, rising tensions in the world are compelling both the developed and developing economies to prepare themselves by having an advanced fleet of air-to-air fueling tankers to fuel their combat aircraft for covering a longer distance for successfully accomplishing the defense missions.

 

Among end user, OE was estimated to be largest segment in 2019 and is expected to retain its dominance during the forecast period as well. This is owing to increasing purchase and deployment of combat & tanker aircraft along with refilling systems by military forces of different countries. Moreover, continuous replacements of old generation tankers & combat aircraft with the new ones is another major factor aiding in the growth for aerial refilling systems globally. For instance, currently the USA has 550 KC-135 tanker aircraft as their fleet to which the government has decided to replace it with 179 Boeing’s KC-46 tankers by 2027 which in turn will drive the market for OE segment in the near future and thereby impacting the market positively. In addition, according to Polaris Market Research analysis, OE is also expected to be the fastest growing end user segment in the global market during the forecast period of 2020-2026.

 

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Among region, North America was estimated to be the largest segment in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is growth engine of this region because of its largest military aircraft fleet and continuous upgradations & replacements of aircraft systems. Moreover, the U.S. is also the largest country comprising of highest market share for aerial refueling systems among all other countries in the world owing to its highest military expenditure and its existing fleet of military aircraft. 

 

Companies in this industry are trying to develop new and innovative products in order to reduce the challenges faced by the users. For instance, Nottinghamshire-based Icon Aerospace has developed a key enabling technology to create the very first intelligent connector (IC) for in-flight refilling. Companies such as Airbus SE, Cobham plc, Draken Internationnal, Eaton Corporation, GE Aviation, Marshall Aerospace & Defence Group, Parker Hannifin Corporation, Safran, and Zodiac Aerospace are some of the key players operating in this market. 

 

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Lecithin Market Is Expected To See Huge Growth. Latest Research Report

 Global Lecithin Industry: Set to Witness Huge Growth by 2028

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.

 

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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.

 

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.

 

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Smart Home Automation Market Is Expected To See Huge Growth. Latest Research Report

 The worldwide Smart Home Automation Market is anticipated to reach around USD 203.3 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the entertainment segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Home Automation market.

 

The growing demand for remote monitoring of homes, along with increasing costs associated with energy use increases the demand for smart home automation. The increasing use of mart home automation in the development of smart cities, along with government regulations regarding energy use and emissions support the smart home automation market growth. The rising adoption of Internet of Things, and smart devices boosts the adoption of smart home automation.  Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and development of smart cities. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for smart home automation market in the coming years.

 

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The rising concerns regarding energy efficiency has increased the adoption of smart home automation. Smart home automation systems maintain the controls of home equipment to maximize energy efficiency. For instance, the thermostat uses a temperature threshold to govern the home’s heating and cooling system. They can also be programmed with different target temperatures to keep energy usage at a minimum.

 

In 2017, North America accounted for the highest share in the global smart home automation market. The primary factors driving the smart home automation market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the smart home automation market in North America. The increasing concerns regarding safety and access control, increasing development of smart cities, and growing adoption of connected devices and IoT further increase the demand of Smart Home Automation in the region.

 

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The companies operating in the smart home automation markett include Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufacturing Company, Inc. 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.

Continuous Glucose Monitoring Device Market Size, Share, Opportunities, In-Depth Analysis And Forecasts

  The global Continuous Glucose Monitoring Device Market size was valued at USD 3,512.8 million in 2019 and size is expected to reach USD 12.18 billion by 2026 according to a new study by Polaris Market Research.

Continuous Glucose Monitoring Device have witnessed tremendous growth in the recent past and this trend is expected to continue from 2020 to 2026. Health agencies as well as governments have issued health advisories which explicitly mention that people suffering from diabetes are at high risk of corona virus infection. Experts have also specifically mentioned that continuous monitoring of blood glucose levels to avoid worsening of conditions. CGM is expected to benefit from such trends.

 

In order to cope with the rising demand for COVID-19 tests, companies such as Abbot have customized their production lines and manufacturing schedules to produce corona virus test kits. However, such companies have stressed on the fact that the production of other products such as CGM will not be hampered. It is expected that there will be exponential rise in demand for CGM products in the next few years. As of now, healthcare has become of prime importance and there is rising importance of preventive healthcare. Ease of usage of CGM products, easy availability coupled with COVID-19 scare is expected to fuel the market growth.

 

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Although, point of care diagnostic procedures such as CGM proves to be very effective in delivering healthcare to all, they are an expensive affair for healthcare facilities dealing with high test volumes. This is expected to impede market’s growth in the cost sensitive undeveloped economies of the market. However, the introduction of cheap and cost-effective devices for point of care diagnoses is expected to gradually reduce the impact of this restraint over the forecast period.

 

The regulatory framework is one of the most restraining factors pertaining to pharmaceutical, biotechnology and medical technology industry. Absence of clear regulatory framework/guidelines for the diagnostic sector in developing countries such as India and China where the CGM market has great growth potential due to the presence of a large patient base is anticipated to impede growth in the coming years. The presence of such discrete and uncertain scenario about the regulations for CGM devices creates confusion among CGM manufacturers regarding commercialization.

 

North America emerged as the largest market in 2019 and the regional market is expected to dominate the market up to the end of the forecast period i.e. 2026. Strong presence of market participants, high awareness regarding device usage and high inclination towards preventive healthcare are some of the factors benefitting the regional market growth.

 

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Companies such as Senseonics Holdings, Inc., Insulet Corporation, Bayer AG, Ypsomed Holding AG, LifeScan, Novo Nordisk, Medtronic PLC, Dexcom Inc., Abbott Diagnostics Inc., and Roche Diagnostics are some of the key players operating in the Continuous Glucose Monitoring Device Market.

 

Polaris Market research has segmented the Continuous Glucose Monitoring Device Market report on the basis of component type, end-use and region

Continuous Glucose Monitoring Device component type Outlook (Revenue, USD Million, 2015 – 2026)

• Transmitters & Receivers
• Sensors
• Insulin Pumps

Continuous Glucose Monitoring Device end-use Outlook (Revenue, USD Million, 2015 – 2026)

• Hospitals
• Homecare Diagnostics
• Others

 

Read More : https://www.medgadget.com/2020/06/continuous-glucose-monitoring-device-market-size-worth-12-18-billion-by-2026-cagr-15-8-exclusive-study-by-polaris-market-research.html

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