Market Research Blog – Page 11599 – New Product Development

U.S. Car Rental Industry holds a forecasted revenue of US$ 32 Bn in 2022, and is expected to cross US$ 59.7 Bn by 2032

The U.S. car rental market is likely to hold a moderate CAGR of 5% in the global market, during the forecast period. The U.S. car rental market holds a forecasted revenue of US$ 32 Bn in 2022, and is expected to cross US$ 59.7 Bn by 2032.

The concept of car rental is well-known all over the globe. In this concept, a car is rented out to the customer on an hourly, daily or monthly basis as per the rental agreement. This is largely practiced at tourist destination places, where travellers come to explore the city or country.

North America and Europe are the major regions where the car rental industry is prominent; this is because these areas are full of many nearby located tourist destinations and also tourists visit throughout the year from all over the globe who need a mode of the transport to cover all destinations.

Rental cars are available in both airport and downtown locations. The reason for renting a car differs as per the occasion and agenda of the passenger. Customers can choose different types of cars as per their convenience ranging from luxury cars, executive cars, SUVs, MUVs to economy cars. The passengers can rent the cars through offline channels by visiting the car rental outlets or can avail car rental facilities through online channels.

The business travellers who travel for work normally have a tendency to lean towards SUVs or sedans and passengers who travel for pleasure choose luxury and high-end vehicles. Broadly passengers of the car rental industry in the U.S are categorised into business, leisure, insurance replacement and airport, non-airport segments.

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U.S. Car Rental Industry: Drivers and Opportunity Areas

Largely, factors such as easy booking of rental cars through online channels, increasing globalisation of corporate operations, growth in the travel and tourism domain, growth in air travel, and a shift in customer preference towards comfort travelling are influencing the growth of the U.S. car rental industry. Moreover, the growth in the number of national and international events is also triggering the demand for car rental services in the US.

Among all types of passengers, tourists from other regions especially Asia Pacific are more inclined towards renting a car to travel within the country. The U.S car rental industry is very dynamic because of numerous small and big vendors operating their car rental business in this industry.

Hence they focus on innovation to adhere to a new customer base. Also, they are coming up with several schemes and offers to retain their old customers and tap into new customer segments. Tremendous opportunity for vendors in the U.S car rental industry is encountered especially in densely populated areas such as Washington DC, New York, and other key cities.

U.S. Car Rental Industry: Trends

There is a growing trend among vendors of the U.S car rental industry to maintain strategic alliances with hotels and airlines. Although this is done with the intention to retain their competitive advantages over other key industry players, this strategy is becoming a big trend today. Even tourists especially newlyweds and business tycoons prefer renting a car over using public means of transport to travel within the U.S.

U.S. Car Rental Industry: Key Players

There are many rental car vendors available across the US. Avis Budget Group (includes Payless) and Hertz Global Holdings (includes Firefly, Dollar Thrifty Automotive Group) are the leading players with majority market share in the U.S. car rental industry.

Some of the other notable players include Fox Rent A Car, Enterprise-Rent-A-Car Holdings (includes Enterprise Rent-A-Car, National Car Rental, Alamo Rent A Car), U-Save Auto Rental System (ownership of FSNA), ACE Rent A Car, and International Franchise Systems (Next Car, Rent-A-Wreck of America, and Priceless).

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This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Customised Holidays Market is Anticipated to Increase at a high CAGR of 13% 2022 – 2032, reaching a value of US$ 356.43 Bn by 2032

The customised holidays market is anticipated to increase at a high CAGR of 13% 2022 – 2032, reaching a value of US$ 356.43 Bn by 2032.

ith the rapid evolution of the travel industry along with a rise in disposable income, a new class of global travellers has emerged who don’t mind to pay more for their travel, but vie for a memorable experience while travelling as per their individual tastes and likes and dislikes. It is for such a class of travellers that the travel industry has come up with the idea of customised holidays.

Customised holidays are designed to suit the tastes and needs of a particular individual traveller or a group of travellers where they are the ones who decide the places they are going to visit, the duration of stay at each place, even the type of food they want to have and the hotel they want to stay in. Customised holidays are tailor made to suit the preferences of travellers unlike guided tours where everything is pre-decided and pre-fixed.

Customised Holidays: Drivers and Restraints

A rising affluent and middle class is giving rise to a new type of travellers who seek personalised experiences suited to their tastes and preferences, giving rise to customised holidays.

Rising disposable incomes and economic growth in the world are the major drivers for the rising preference of and inclination towards customised holidays. The main restraint to the spread of customised holidays is the high costs associated with it that all travellers cannot afford.

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Customised Holidays: Description

Tailor-made holidays or customised holidays are popular in the tourism and travel sector as they cater to the individual tastes and demands of travellers and don’t follow the philosophy of one size fits all, which is the idea on which packaged tours and guided tours work, where everything is decided in advance.

In a customised holiday, on the other hand, everything is decided by the traveller and the tour schedule is fixed as per the choices of the travellers themselves. Travellers send an initial request for proposal, in which they contact the chosen travel company even eight to nine months before the date of actual travel.

The traveller gives the travel dates, number of persons in the group, length of the journey, and the places that the traveller wants to see. Based on this information, the travel company prepares a draft itinerary and discusses the details with the traveller and also gives a rough cost estimate.

Based on subsequent discussions between the traveller and the travel company, and taking into consideration the special requests made by the traveller, the final travel itinerary is finalised and the customer is ready to enjoy a customised holiday.

A planning fee is charged by the travel company, which is automatically credited to the final payments made by the travellers for their trip. It is to be noted that safaris, cruises and other specialised trips may require a higher planning fee.

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Key Segments Profiled in the Customised Holidays Market Survey

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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India Sustainable Tourism Market Size is Projected to be valued at US$ 26.01 Mn in 2022

The India sustainable tourism market size is projected to be valued at US$ 26.01 Mn in 2022 and is anticipated to reach US$ 151.88 Mn by 2032, with a rapid CAGR of 19.3% from 2022 to 2032.

The demand for sustainable tourism in India is increasing as the country promotes resource conservation, regional culture and tradition, and economic progress. These factors are essentially increasing India sustainable tourism market share.

Extraordinary nature, the environment, cultural tradition, heritage, and a variety of other factors are expected to drive the India sustainable tourism market size over the forecast period. India is surrounded by southern tropical forests and the northern Himalayan peaks.

Furthermore, India has a wide variety of natural habitats, including hundreds of kilometres of coastline dotted with magnificent beaches and mangroves. As a result, sustainable tourism is gaining popularity in India.

The tourism industry’s approach to inclusive, long-term development is particularly important for livelihoods. India is a famous tourist destination on a global scale due to its enormous diversity. As a result, ensuring the tourism sector’s long-term viability is crucial. Most countries consider sustainable tourism as a vital trend for the tourism industry’s future.

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Furthermore, India is a huge country with beautiful and peaceful landscapes, as well as cultural and historical assets, which is one of the elements fuelling India’s sustainable tourism market growth. It is essentially a country offering tourist spots for all types of visitors. The tourist industry is the most active and contributes to global economic growth and recovery by assisting many other businesses such as lodging, catering, transportation, retail, and entertainment.

Due to COVID-19, tourism businesses have suffered significantly as a result of the outbreak, which has resulted in a significant drop in both tourists and revenue. All firms have had to undergo considerable modifications in order to continue to operate. However, as the situation stabilizes, India’s sustainable tourism market is anticipated to grow.

Key takeaways

Middle-aged people that are 26-35 age group segment will continue to hold the highest share in traveling in the forecast.
The domestic tourist segment will remain high in the tourist type category over the forecast period.
Indian government is highly involved in sustainable tourism and the government is launching a new strategy and plan to make the country sustainable.
In terms of tour type, the package travellers are estimated to account for the relatively highest value share in the Indian sustainable tourism market
The online booking segment is estimated to hold a major share in the sustainable tourism market for travellers in India. Travelers prefer online booking because is feasible and even get more offers and discounts in online booking

“India is a country with a tapestry of intercultural experiences, as well as the world’s oldest civilization with countless attractions, which is driving the regional sustainable tourism market share.“-FMI analyst

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Competition Landscape of India Sustainable Tourism Market

Leading companies providing India sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in India, and new offers that have driven sales growth of sustainable tourism in India.

Major leading companies providing sustainable tourism in India are Spiti Ecosphere, Tons Trails, Exo Travel, Travelife, Asian adventures, Sky view by Empyrean, Green People, Evolve Back, Himalayan Ark, Kipepeo, Desia Ecotourism, Grassroutes Journeys, and India untraveled.

Recent Developments in the India Sustainable Tourism Market:

Greeves India, an Indian travel firm, is offering a chance to stay at the most exquisite resorts in India for a fraction of the price.
Sky view by Empyrean announced the introduction of a new premium boutique accommodation service for travellers on October 20, 2021.

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India Sustainable Tourism Market by Category

By Tourism Type :

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel :

Phone Booking
Online Booking
In-Person Booking

By Tourism Type :

Domestic
International

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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New Zealand Sports Tourism Market Size is Poised to Reach a valuation of US$ 4,585 Million in 2022

The New Zealand sports tourism market size is poised to reach a valuation of US$ 4,585 Million in 2022. Sales are projected to increase at an 8% CAGR, with a historic CAGR of 7.7% from 2017 to 2021.

Governments recognize the demand for New Zealand sports tourism not just as a source of revenue, but also as a tool for promoting communal cohesion.

Further, the New Zealand sports tourism market is following various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services in order to increase value for customers and increase sales leading to New Zealand sports tourism market growth.

As the majority of potential customers are millennial who spend the majority of their time on the internet using search and social media, having an online presence will certainly increase the business’s value boosting the New Zealand sports tourism market key trends and opportunities.

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Offering contactless payment methods may be perceived as a need rather than a luxury by many customers and staff who loathe dealing with cash influencing the New Zealand sports tourism market future trends. As a result of the Covid outbreak, many people in the New Zealand sports tourism market have started to employ contact payment systems.

Key Takeaways:

In terms of tour type of New Zealand sports tourism market, the package travellers are estimated to account for the relatively highest New Zealand sports tourism market
By booking channel, the online booking segment is anticipated to hold a major New Zealand sports tourism market
The travellers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online affecting the New Zealand sports tourism market opportunities.
In terms of age group, demand in the 26-35 segments will continue gaining traction through 2032 positively impacting the New Zealand sports tourism market trends.
Based on tourist type of New Zealand sports tourism market, the domestic tourist segment will remain high over the forecast period.

“A drive from consumers for more genuine experiences, such as the experiencing the sports events in a realistic way, especially among the sports enthusiasts after the COVID period is expected to rise in forecast period” – Says an FMI analyst.

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Impact of COVID-19 on the Market

The impact of COVID-19 on all the sectors of the New Zealand tourism industry, including New Zealand sports tourism market, has been dramatic. Many of the local, national and international games have been cancelled or have been taking place in various social restrictions like a limited number of seating.

Various other Outdoor activities and programs have also been cancelled due to travel restrictions. But, since few forms of sports tourism activities, such as outdoor recreation, are alternatives to mass tourism, they are predicted to grow in the New Zealand sports tourism market future trends.

Moreover, the closing of public places and tourism activities as a result of the pandemic resulted in the New Zealand sports tourism market complete collapse during the crisis.

However, in light of this situation, players are now focusing on promoting and revitalizing their businesses through a variety of strategies, such as the development of online platforms and the provision of high-quality tourism services, as this allows them to reach a larger consumer base at a lower cost.

Who is winning?

Leading New Zealand sports tourism market manufacturers are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of sports tourism in New Zealand.

Major players present in the New Zealand sports tourism market are HAKA SPORTS TOURS, Sportsnet Holidays, Williment, All Blacks Tours, Dragonfish, Estilo Sports Travel, Exodus Travels, G Adventures, World Expeditions, Real New Zealand Tours Limited, and Intrepid Travel.

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New Zealand Sports Tourism Market by Category

By Sports Type:

Football/ Soccer
Cricket
Motorsport
Basketball
others

By Sports Tourism Type:

Sports Event Tourism
Nostalgia Sports Tourism
Active Sports Tourism
Passive Sports Tourism

By Consumer Orientation:

Men
Women
Children

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Region:

Oceania

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Mechanical Keyboard Market Comprehensive Shares, Historical Trends & Forecast By 2029

Another market research report by Future Market Insights on the mechanical keyboard market is supposed to develop at a CAGR of 10% during the estimate time of 2019-2029. Additionally, the worldwide mechanical keyboard market is probably going to encounter observable development in the estimate period because of different driving variables, for example, the developing notoriety of PC games, substitution of existing PC peripherals, and improved highlights when contrasted with layer based keyboards.

According to the market research report, a mechanical keyboard gives upgraded execution as far as reaction timing and physicality expected by experts and gamers. These variables are driving interest for mechanical keyboards in the gaming business. Additionally, the essential patterns saw in the worldwide mechanical keyboard marketplace remember the focal point of producers for growing the usefulness of individual keys.

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The reception of remote ergonomic keyboards and different stage viable keyboards keeps on widening in creating and created nations. Such factors are further prone to set out worthwhile open doors for makers working in the mechanical keyboard market.

Mechanical Keyboard Market – Key Research Findings

The global mechanical keyboard market was valued at ~US$ 881 Mn in 2018.
The mechanical keyboard market is expected to grow at a CAGR of ~10% during the forecast period of 2019-2029.
Rapid growth of the gaming industry, increasing adoption of wireless keyboards, and growing demand for multiple platform compatible keyboards are factors that have been driving the mechanical keyboard market growth.
North America is a prominent region for the mechanical keyboard market, which accounted for a market share of ~34% in 2018. However, the mechanical keyboard market in APEJ (Asia Pacific Excluding Japan) is expected to grow at a high CAGR during the forecast period and become the most significant market for mechanical keyboard.
In order to gain competitive edge, mechanical keyboard market players are opting for strategic partnerships with e-Commerce platform providers to meet the growing demand in various end-use industries including gaming, BFSI, government, and others.

According to the Future Market Insight’s report, the non-tactile linear switches are anticipated to generate an incremental opportunity of ~US$ 757 Mn for the mechanical keyboard market during the forecast period of 2019-2029. Moreover, the tactile non-click switches are likely to experience a healthy growth rate during the forecast period, owing to the growing demand for an ergonomic gaming keyboard. Furthermore, the world is witnessing a significant rise in synchronization options that allow mechanical keyboards to have effortless connection with mouse and headsets.

Mechanical Keyboard Market Structure Analysis

The global mechanical keyboard market has a competitive market landscape, where majority of the key players are maintaining a strategic focus on partnerships and new product innovations to target a stronger global footprint.
Increasing scope of applications related to mechanical keyboard and a competitive market have resulted in products differentiation and expansion strategies by providers of mechanical keyboard. These factors give a competitive edge and strengthen their market share, specifically to the desired end-use industry.
Tier-1 energy & power quality meter providers account for ~40% of the overall market. Vendors such as Logitech International S.A., Razer Inc. and Dell Inc. are among the largest and most experienced in the industry and have significant regional coverage across the globe.

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Mechanical Keyboard Market: Segmentation

Product

Non-Tactile Linear Switches
Tactile Non-Click Switches
Tactile Click Switches

Connectivity

Wired Keyboards
Wireless Keyboards

Application

Gaming
Office/Industrial

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa

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Home Wi-Fi Security Solutions Market Expectations & Growth Trends Highlighted Until 2026

APAC home Wi-Fi security solutions market income is supposed to extend at a year-more than year pace of 9.3% in 2016 north of 2015 and outperform US$ 8,824.9 in incomes. India, the biggest market for home Wi-Fi security solutions in APAC, will keep on areas of strength for witnessing rates in 2016.

A growing endorser base for web use and shrewd gadgets will keep on energizing the development of Wi-Fi security solutions market in the district. What’s more, expanding web infiltration, and the advancement of digital wrongdoing organizations and business scale tool compartments that make dangerous malware are impacting people to introduce home Wi-Fi security solutions.

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Based on home organization design, Wi-Fi switches will overwhelm market incomes, representing a 47.7% offer in 2016. Modem and switch (combo) gadgets will fill in prevalence owing for their potential benefits, for example, lower space prerequisite and need of less links. Consistent advancement in usefulness of Wi-Fi switch administrations and creation of savvy gadgets is supposed to additional drive the development of the market. By parts, the equipment section will keep on representing the most elevated share regarding income.

India will keep up with its situation as the main APAC home Wi-Fi security solutions market, representing more than 74.5% income share in 2016. Reasonable help accessibility and unavoidable wireless network will uphold the development of the market in the country. Malaysia and Indonesia will likewise display sound development rates owing to a rising reception of cloud in IoT administrations and growing market for M2M correspondence in these nations.

Home Wi-Fi Security Solutions: The Competitive Landscape

A number of startups are leveraging smart home technologies and the Internet of Things (IoT) to introduce innovative products and new business models for the home security market. Some of the key players in the Home Wi-Fi Security Solutions market include Cujo LLC, Koalasafe Inc., Eero Inc., Keezel, and Luma Home Inc. and Securifi.

Main sectors covered

By component type

hardware
software

By home network architecture

wifi router
Modem and router as one device
Modem and router as separate devices
Wi-Fi Range Extender

Applicable to major regions/countries

APAC
India
Malaysia
Indonesia

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e-Discovery Market Assessment & Key Insights Analyzed Till 2030

E-Discovery Market size is expected to develop from US$ 9,528.6 Mn in 2022 to ~US$ 18,067.3 Mn by 2030 and exhibit a remarkable 8.3% CAGR between 2022 and 2030.

Arrangements from e-Discovery vendors are expected to revolutionize the legal system by impacting the manner in which law offices operate. The market is expected to thrive as the number of electronically stored data (ESI) of multiple documents required for the identification and accommodation of evidence in legal investigations increases. The report expects to increase the reception of e-Discovery arrangements and software between the forecast years 2022-2030, with promises to store stacks and evidence stacks and prevent tampering.

The presentation of the e-Discovery process permits end users to process metadata, for example, stamps, creator, recipient data, file attributes, and time information, which was previously cumbersome and erroneous. This has reduced the damage to documents required to litigate in legal proceedings that can take years.

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Today, electronic discovery services and software are used for warning, forensics, contract review, chronicling of corporate information, and federal requirements. The capacity to make documents indestructible has become their greatest asset, prevailing upon huge customers the years. Needless to say, markets are being fueled by digitization in emerging economies, yet their capacity to drive operational efficiencies over the long haul has made documentation a manageable feat in the legal system.

Key highlights of the e-Discovery market study

The corporate sector is expected to witness a CAGR of 14% over the forecast period, approaching the largest share of the government and regulators sector at 60% in 2019.
The software segment leads the way with a market share of 55% in 2019. However, the services segment will increase by 2.4 times its current market value during the forecast period.
Asia Pacific is projected to surge at a CAGR of 12%, creating an incremental opportunity of approximately $7.2 billion during the forecast period.

Analysis of the impact of COVID-19 on the eDiscovery market

The COVID-19 outbreak has highlighted the need for businesses to ensure business continuity to adapt to the changing technology landscape and remain relevant during the pandemic. This sentiment is expected to drive more investment in technology-based infrastructure across law firms, the major end users of e-Discovery solutions. The influx of raw ESI during social distancing will allow for seamless collection, review, identification and sharing. The adoption of cloud computing will enable continuity of operations and avoid the potential delays commonly seen in judicial systems.

Analysts predict that the e-Discovery market will grow at a rate of 9% during the forecast period as end users realize benefits they have not yet discovered. Between 2020 and 2033, the cloud-based market is expected to witness a 15% growth rate and a 1.4x increase in its current market value.

Promoting growth through innovation

Collaboration and partnerships are essential to the growth of the global e-discovery market. Players are expected to focus on building their skills to expand geographically. For example, in May 2020, Microsoft Corporation entered into a partnership with Epiq, a US-based legal services provider. With this, Epiq has launched an information governance feature called ‘Epiq Compliance Connector for Microsoft Teams’. It is the first application to identify, thread, collect, and link message counts in Teams to speed up the eDiscovery process.

Companies operating in the global e-Discovery market are expected to focus on developing tools that will truly help reduce costs and risk of non-compliance. Ensuring absolute confidentiality and keeping your documents intact and safe from tampering will go a long way in making a significant difference in the handling of lawsuits from these vendors in the near future.

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A more valuable insight into the eDiscovery market

FMI’s report on the e-Discovery market is divided into components (software and services), deployment types (on-premises and cloud), end users (government and regulatory agencies, corporations [small and large enterprises], law firms) and geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) to enable readers to understand the opportunities in the e-Discovery market and make a profitable assessment.

E-Discovery Market Survey By Category

By Solution:

E-Discovery Software
Services

By Enterprise Size:

Large Enterprises
Small and Medium Enterprises (SMEs)

By End Users:

Government & Regulatory Agencies
Law Firms
Others

Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Interactive Whiteboards Market Key Players, End User, Demand & Consumption by 2030

Android form of whiteboard have three time more attractive elements than online, uncovers FMI in its as of late distributed worldwide interactive whiteboards market report. Training, exploration, and the scholarly world vertical have shown to be the vital promoters of enormous progressions being developed of interactive whiteboards.

A popularity for brilliant study halls and shrewd learning hardware has been seen on a worldwide scale, powering the interest for interactive whiteboards that imitate genuine communications.

Clients working in instructive organizations are making weighty ventures to purchase interactive whiteboards and contact sheets in mass and coordinate them the institutional framework. The execution and establishment of these equipment arrangements is supposed to open shifted income streams for the worldwide market.

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The interest for brilliant training, determinedly developing number of COVID-19 positive patients, and vulnerability over next scholarly year has brought about expanding number of understudies to sign up for virtual classes, in this way impelling the market at a noteworthy rate.

COVID-19 Impacts Interactive Whiteboard Market Positively

Governments across the globe trying to ensure spread of COVID-19 legislated stringent nationwide lockdowns. Authorities are requesting citizens to incorporate social distancing measures, which caused a mayhem in the education industry, resulting in deferred admission, delayed exams, and no clarity about the next academic year.

With strict lockdowns in effect, citizens of these countries are staying indoors and avoiding high pubic throughput venues. Students and corporate employees are required to work from home and attend lectures and meeting online.

Interactive Whiteboards Market Outlook & Key Findings

The global market is estimated to record a market value worth more than US$ 400 Mn by the end of 2020 with increasing significance of e-learning and virtual learning environments
Procurement of interactive whiteboards for educational use is the primary contributor to the growth of the global interactive whiteboards market
Assembled interactive whiteboards with integrated software and collaborative tools for operational applications to drive adoption
COVID-19 pandemic to boost adoption of interactive whiteboards nationwide lockdowns and social distancing measures disrupts schools and colleges

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Key Strategies Incorporated by Interactive Whiteboards Market Players

Demand for interactive whiteboards continues to increase in emerging economies of Latin America and Africa where educators are tackle low budget and lack of infrastructure
Private schools in the Middle East and Africa (MEA) to use new technologies to promote themselves
Economies such as India and China are rapidly implementing a foray of smart learning initiatives, which has led to a surge in adoption of interactive whiteboards and touch boards in the regional market
Remote working to boost demand for interactive whiteboards as conferences and meetings require virtual setups
Online training to up demand for interactive whiteboards as they mimic real-life training sessions with perfect ease

Competitors Focus on Innovation Strategies to Stay Ahead

Well-established vendors operating in the global interactive whiteboards market are focusing on offering innovative software and collaborative tools for end users looking to upgrade their existing interactive whiteboard systems.

For instance, SMART Technologies Inc. launched SMART Notebook Maestro software, as a part of the SMART Notebook Software platform enables teachers to remotely control the content that their students can view.

Following are the key players operating in the global interactive whiteboards market –

Xiamen Interactive Technology Co., Ltd
SMART Technologies ULC
PROMETHEAN LIMITED
Boxlight
Seiko Epson Corporation
InFocus Corporation

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Key Segments Covered

Solution

Hardware
Software
Collaborative Tools

Type

Resistive
Capacitive
Electromagnetic
Laser Scan
Ultrasound
Infrared

Size

Below 50 in
50 in – 79 in
79 in – 89 in
89 in – 99 in
Above 99 in

Application

Corporate
Educational
Others

Operating System

Windows
macOS
Others

Region

North America
Latin America
Europe
East Asia
Southeast Asia and Pacific
Middle East and Africa

Key Participants

The global market for x-band radar has included some key participants that are expected to dominate throughout the forecast period. The key stakeholders are ProSensing Inc., Reutech Radar Systems (RRS), Furuno Electric Co. Ltd., Japan Radio Company Limited, Raytheon Company, Terma A/S, Detect Inc., Saab Group, Northrop Grumman Corporation and Israel Aerospace Industries Ltd., among others.

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X-Band Radar Market Development Status, Competition Analysis, Type & Application Forecast to 2026

The worldwide X-band radar market was esteemed at USD 4,640.8 Mn in 2015 and is expected to expand at a CAGR of 3.8% during the conjecture time frame (2016-2026). The worldwide x-band radar market is grouped based on its sort and framework part.

X-band radars are tremendously utilized in reconnaissance and route frameworks of boundaries, airplane, ocean or coast. These radars likewise manage aviation authority frameworks at air terminals and furthermore control long-ran safeguard reconnaissance and disturbing frameworks. In a distributed report by Future Market Insights (FMI), the worldwide x-band radar market is expected to observe vigorous development all through the conjecture period, (2016-2026).

Likewise, the report is assessed that the market will expand at a CAGR of 3.8% over the evaluation period. Moreover, the portable x-band radar type fragment is probably going to observe an expansion of 4.1% CAGR and the ocean based x-band radar type section is predicted to expand at a CAGR of 3.8% in the impending time frame.

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Key Segments with Dynamics of Global Market for X-Band Radar

The report has provided a thorough forecast on the segments of the global market for x-band Radar. There are three major segments, such as different types of x-band radars, various system components and regions, in the market with their further segments.

On the basis of different types of x-band radar, there are two sub-segments, such as sea-based x-band radar and mobile x-band radar. Mostly in aircrafts and coastal areas, the mobile x-band radars are installed. And, the sea x-band radars are fixed on a floating tower that is attached in the sea. Dual-polarization and doppler are the two main features of mobile x-band radar. With a mobile x-band radar, rain, polarization parameters and radial winds can be measured in coastal areas and aircraft. Besides, this radar is moveable to both coastal and border areas.

The system component segment has further segmented into command & control system and communication system. Furthermore, it is expected that the command & control system segment is estimated to expand at a CAGR of 4.0% along with the largest market share during the forecast period. As per the strict instruction from government, 24/7 security and surveillance has become a compulsion due to identification of both internal and external crimes.

On the basis of geography, there are six major regions, include Latin America, Western Europe, North America, Eastern Europe, Middle East & Africa (MEA) and Asia-Pacific excluding Japan, have strong implementation of x-band radars. Henceforth, the x-band radars market in these regions are growing rapidly. U.S and Canada are the two growing cities in North America that are expanding robustly in the approaching years.

In addition, most of the radar manufacturers are from U.S., who provide the security & surveillance need to its government. Some of the countries, such as France, Spain, Germany, Italy, Nordic, U.K. and Benelux in Western Europe, are expected to grow rapidly in the near future. Maximum share of revenue to the global x-band radar market are coming from both Western Europe and North America regions. Besides, Brazil and Mexico are the two major countries in Latin America that are likely to witness a progressive demand for x-band radars in the upcoming years. In addition, India, ASEAN, ANZ & China in APEJ, Africa & GCC in MEA, Poland & Russia in Eastern Europe and Japan are the other developing

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X-Band Radar Market Segmentation by Region

North America and Western Europe regions are major contributors to the global x-band radar market. Majority of radar manufacturers are based in the U.S. and are catering to the security and surveillance need of the U.S. government. In the Western Europe region, countries such as Germany, France, and U.K are contributing heavily in the market. In December 2015, U.K government entered into an agreement with Raytheon Company Corporation for Advanced Combat X-Band Radar.

X-Band Radar Market Key Segments Covered

Key Segments Covered

By Type
- Mobile X-band Radar
- Sea-Based X-band Radar
By System Component
- Command and Control System
- Communication System

Key Regions/Countries Covered

North America
- U.S.
- Canada
Latin America
- Mexico
- Brazil
- Rest of LATAM
APAC Excluding Japan (APEJ)
- China
- India
- ASEAN
- ANZ
- Rest of Asia-Pacific
Japan
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
Middle East & Africa
- GCC
- Africa
- Africa
- Rest of MEA

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LED & OLED Lighting Products and Displays Market Size, Growth Analysis Report, Forecast to 2025

Future Market Insights (FMI) conveys key experiences on the Middle East LED & OLED lighting products and displays in its most recent report titled, “LED & OLED Lighting Products and Displays Market: Middle East Industry Analysis and Opportunity Assessment 2015-2025”. Center East LED & OLED lighting products and displays market is projected to enlist a solid CAGR of 14.3% and 4.9% separately regarding esteem during the estimate time frame (2015-2025). This predominantly credited to different elements, with respect to which FMI offers detailed bits of knowledge in its report.

Based on item type, Middle East LED & OLED lighting products market has been divided into sun oriented and traditional. Sun based portion represented 6.5% worth portion of the market in 2014 and is supposed to enlist a CAGR of 17.8% over the gauge period.

Result type, Middle East LED & OLED show market has been portioned into versatile displays, buyer TV displays and open air LED displays. Versatile displays section represented 15.4% worth offer in 2014 and is supposed to enroll a CAGR of 7.8% over the figure period.

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However, in terms of value, consumer TV segment is projected to be dominant by 2025, accounting for market share of 75.7%, as compared to mobile displays segment, with 20.7% share.

On the basis of end use, Middle East LED and OLED lighting products market is segmented into residential and commercial; among these, commercial segment accounted for a value share of 67.1% in 2014, which is projected to decrease to 65.2% by 2025. In Middle East LED & OLED lighting products market, residential segment is projected to exhibit the highest CAGR of 14.8% over the forecast period.

In Middle East LED and OLED displays market, outdoor LED displays segment is further segmented on the basis of product type and colour display. On the basis of product type, outdoor LED display segment is further sub-segmented into LED Billboards, LED mobile panels, LED video walls and LED traffic lights displays.

Key players in the Middle East LED & OLED lighting products and displays market include GE Lighting, LLC, OSRAM Licht AG, Daktronics Inc., and Samsung Electronics Co. Ltd. Major participants are focusing on R&D activities to provide innovative and environment-friendly products to attain sustainability. These key players are also focusing on expansion and strategic acquisitions to strengthen their product portfolio.

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Key Segment

LED & OLED Lighting Products

By Product Type
Solar
Conventional
Linear and Strips
Lamps and Bulbs
By End Use
Residential
Commercial

Key Regions/Countries Covered

GCC
UAE
KSA
Qatar
Oman
Bahrain
Kuwait
Levant
Turkey

LED & OLED Display Market

By Product Type
Mobile display
AMOLED
OLED
LCD
Consumer TV display

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