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Eco-friendly Labels expected to boost the Growth of Continuous Inkjet Inks During 2020-2030; Coronavirus Outbreak to Impacts Supply Chain till Outbreak Subsides

Expansion in globalization and trade has increased the demand for continuous inkjet inks. These inks are known to sustain in harsh weather conditions when utilized for labeling any type of packaging. This has led to an increase in higher sales of continuous inkjets inks across several brands of food, beverage, electronics & electricals, pharmaceuticals, and other verticals.

The expansion trend of the continuous inkjet inks market is anticipated to be upward. The global market is expected to touch the market valuation of more than US$ 488.6 Mn towards 2030 end, reflecting a CAGR of 4.7% over the assessment period (2020-2030)

Key Developments & Product Innovations

Labels have exhibited their significance in the development and augmentation of a brand. This has encouraged the manufacturers to push their products to fit the requirements of their end-users. Needham Ink, in 2018, declared novel halal marking inks that indicated that the company is set to fortify its market in Islamic nations such as GCC and other Islamic Asian nations.

Additionally, Squid Inks, in March 2020, launched a variety of mineral oil-free inks that discharge less odor and offer surety of no harm to the printers. The no mineral label might aid the company to fit the criteria of a few novel markets, opening new roads for entry into markets.

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Key Takeaways of Market Study

Food sector will be the foremost end-users of the market and is slated to hold 39.8% in the global market through 2030
As a substrate, glass is anticipated to record a CAGR of 6.1% over the projected period 2020-2030
Water-based inks anticipated to account for almost 50% of the global market, and touch slightly above US$ 220 Mn by 2030.
Pharmaceuticals category amid the other end-use industries likely to hold 22.9% of the market share.

COVID-19 Impact Analysis

The businesses all over the globe are experiencing challenges and losses due to the global COVID-19 pandemic. Regionally, the US holds a noteworthy uptake of continuous inkjet inks. Conversely, the devastating impact of COVID-19 on this region has decelerated packaging activities, affecting the inks sales.

Europe is the second-majorly affected region by COVID-19 outbreak and the second-biggest user of continuous inkjet ink. United Kingdom, Spain, Germany, France, and Italy being the most effected nations are poised to undergo sluggish growth till circumstances get in control. However, import-export disruptions because of the pandemic situation have limited the accessibility of raw material supply which is the biggest challenge for companies.

Regional Insight

North America expected to expand by 1.4X throughout 2020-2030. Absolute $ prospect in the North America market is estimated to be the US $ 28 Mn during the forecast period. East Asia is expected to have an incremental prospect of US$ 61.5 Mn during the forecast period with the presence of abundant ink producers.

Competitive Landscape

The major participants contribute around one-fourth of the global market. Market participants are coming up with ink solutions, for instance, UV curable inks for the inkjet printers. Inkjet Inc., in July 2018, presented a novel category of UV invisible printer which has a particular invisible ink, which could be recovered a lot faster. Such innovations are ideal for OEM graphics that could be inked without hindering products to avert forging.

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PP homopolymer Market Pegged at US$ 76.67 Bn Value Pool in 2026; Supply Chain Disruption Due to COVID-19 Challenges Rapid Market Growth

PP homopolymer offers good weldability and chemical resistance and offers a higher strength to weight ratio. Due to its vast application base, PP homopolymer is a huge volume of commodity material. The global uptake of PP homopolymer was recorded at 42.0 Mn metric tonnes in 2015. The global PP homopolymer market is estimated to be valued at US$ 76.67 Bn towards 2026 End, registering a CAGR of 5.5% in terms of sales revenue during the assessment period (2016–2026).

New Developments & Product Innovations

To abide by several environmental and government regulations, automobile producers worldwide are focused on reducing carbon emissions from automobiles and PP homopolymer acts as an important role here. Usage of PP homopolymer direct towards decreased vehicle weight, accordingly boosting its fuel efficiency. To capitalize on the prospects in the market, companies are presenting new PP homopolymer grades to boost their market share globally.

COVID-19 Impact Analysis

The COVID-19 outbreak is causing economic hardship and widespread concern for communities, businesses, and consumers across the globe. The pandemic has resulted in several challenges in key regions such as supply chain disruption, fall in demand due to uncertainty in the capital markets, and the global economy. Workforces are encountering the risk of infection, and governments are beginning to impose movement restrictions and both add an unpredictable aspect to the outbreak.

Companies are required to upgrade their typical contingency plans that earlier help then to enable operational effectiveness following events such as power outages, cyber incidents, and natural disasters, among others.

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Key Takeaways of Market Study

In terms of processing technology, the injection molding category is estimated to account for the highest market value share during the projected period and is likely to generate total incremental prospects of US$ 14.62 Bn during 2016-2026
A rise in demand for injection molded products for appliances, personal care, home care, and other applications will be a major reason for the category’s growth by 2026.
In terms of the end-use, the packaging category is projected to dominate the global market during the conjectured time frame owing to higher demand in Western Europe and North America. This category is likely to generate total incremental prospects of US$ 15.16 Bn towards 2026 end.
Rise in consumption of PP homopolymer – especially for flexible packaging utilized in the food & beverage sector is likely to fuel the growth of the packaging category in the global market.

Regional Insights

The APEJ region is likely to dominate the global market based on value and record a CAGR of 5.8% during the assessment period. The Middle East and Africa(MEA) region are projected to foresee a CAGR of 5.4% over the assessment period, making the region the second biggest market based on CAGR.

Competitive Landscape

Market players are presenting new grades of PP homopolymer to address different regulatory and technical requirements for several end-use industries. Some of the market players are focused on introducing new PP homopolymer grades for several applications to boost their brand value. Top market players are also increasing their manufacturing capacities to fortify their product portfolio and attain a bigger market share.

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Power Tools Sales to Expand at 6% CAGR Through 2030; Halted Production Due to COVID-19 Pandemic Challenges Rapid Market Growth

The power tools market prospect stays optimistic with firm market fundamentals projected to sustain momentum. In case it is integrated connectivity, battery performance, design, and ergonomics, innovations in this field are keeping the producers on the hooks. The global power tools market is slated to record a CAGR of 6% during the forecast period of 2020-2030.

Key Developments & Product Innovation

Rising preference for electric power tools among the consumers is anticipated to influence market players to broaden their product portfolio. Companies such as Milwaukee and Bosch have presented on new battery platforms that have solutions for innumerable problems encountered by end-users based on durability and charging. Based on wireless transmission of switching magnetic fields, inductive charging is a novel technology that is at present only presented by Bosch.

Key Takeaways of Market Study

The global market will foresee higher implementation in the industrial sector, therefore, prompting the market to attain an estimation of US$ 58.2 Bn by 2030.
Based on end-use, the DIY/individual trend has proliferated during the COVID-19 crisis as individuals are increasingly buying these tools to do minor household jobs.
Power tools are seeing increased implementation in the automotive sector. With the power tools ability to execute heavy-duty tasks, for example, metal sheets cutting, producers in the automotive sector are taking advantage of these for increased sales

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Impact of COVID-19 on the Market

The power tools market is amid near-term variations with halted production and sluggish demand at production facilities. The first half of 2020 has foreseen a considerable drop in both volume and value for power tools, due to the outbreak of coronavirus in China, one of the biggest production hubs for power tools.

Restriction on discretional spending and stalled projects is a negating requirement in the construction industry. As manufacturing resumes and begins to hit an even keel, producers will limit their reliance on mainstream end-uses to other areas to endure the widespread uncertainty.

Regional Insights

Post-COVID-19, the expansion of the power tools market is poised to be the maximum in the APAC region. With the recommencement of production and trade in China, companies will also target nations such as India for reduced dependency on supply chains and re-shoring to China. Until now the low cost of China produced power tools was keeping up the competition scenario. This will vary in the aftermath of the COVID-19 situation as impacted regions look at bringing down their reliance on China

Competition Landscape

One of the top players, Stanley Black and Decker is in the global market offering its solutions for storage, several power tools, as well as related accessories. For example, its pro coping saw and retractable utility knives not only offers a reformed grip and additionally quicker blade replacement.

Specializing in heavy-duty tools, Robert Bosch GmbH has raised demand expectations in the industrial and construction sector. Bosch’s GKS 235 Turbo Professional circular saw has a robust motor that has a sturdy structure. Moreover, it has durable operability in innumerable applications.

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Plant-Based Yogurt Sales Soar as More Consumers Prefer Plant-based Products amid COVID-19 Pandemic, Says FMI in a New Study

The growing popularity of the vegan lifestyle and the significant downside of commercial animal agriculture is directing the companies to invest in plant-based yogurts and consecutively driving the plant-based yogurt market. The global plant-based yogurt market is anticipated to surpass a market valuation of US$ 5.0 Bn by 2030, recording a CAGR of 10% during the forecast period, 2020-2030.

Key Developments & Product Innovation

Plant-based yogurt manufacturers are conducting several studies for innovation in texture, taste, and flavors. They are preparing yogurt from various new bases, such as oat or hemp to exclusive flavors like blueberry and mango.

Lyrical Foods, Inc., earlier in 2020, set up two innovative plant-based products, which incorporate Kite Hill Blissful and Kite Hill Sour Cream Alternative. The former is a coconut milk-based yogurt, while Kite Hill Sour Cream is produced with a mix of coconut milk and almond milk.

European manufacturer, Springfield Creamery, Inc., in 2019, established oatmilk plant-based yogurts that are gluten-free and present billions of probiotics per serving, it comprises 30-50% less sugar as compared to competitors brands.

The demand for plant-based products and ingredients is rapidly growing in the food & beverage sector, the non-dairy yogurt market will foresee significant expansion. Apart from this, the rising occurrences of health issues related to dairy products, rising flexitarian, and vegan population, and rising animal welfare concern is boosting the market prospects.

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Key Takeaways of the Market Study

Based on flavors the global market includes raspberry, blueberry, vanilla, peach, and strawberry among others. Among these, the strawberry flavor will expand at the highest 14.7% CAGR during 2020-2030.
Customers are witnessing organic plant-based yogurts as a healthy and nutritious alternative to conventional yogurts. Organic yogurts are anticipated to foresee a higher CAGR of 13.1% throughout the assessment period. Customers are getting more aware of a healthier lifestyle. Consequently, they favor eating healthy and expending more on functional food as compared to medical treatments.

COVID-19 Impact analysis

Growing focus on wellness and health amid customers because of the COVID-19 outbreak is projected to boost the market for plant-based yogurt in the approaching years.

Regional Insights

Europe and North America keep on to be the majorly lucrative markets for plant-based yogurt particularly and plant-based products in general. Changing dynamics nevertheless is favoring expansion in East Asia. The regions are projected to stay dominant in the global markets. Partnerships and acquisitions by big giants would offer substantial momentum to the market all over these regions. The increasing health awareness among customers is essential to the veganism growth in the APAC market. Inevitably this will bolster development prospects for the market

Competitive Landscape

The biggest market share stays with top companies, which generally belongs to the U.S. and Europe. Companies are expanding their product portfolio by increasing their operations to other regions by fortifying their distribution channels. Multinational companies are centering on the extension of their production facilities, acquiring local players, and partnerships that will go together with their product offerings.

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Motorcycle Suspension System Market Value to Reach US$ 2.4 Bn by 2029; Halted Production Due to COVID-19 Pandemic Challenges Rapid Market Growth

Air suspension systems have practical applications on any motorcycle configuration and other vehicles. Highly influenced by the adaptability quotient, motorcycle suspension systems improve the vehicle’s ride characteristics and the overall function. The rising suspension replacement frequency, increasing populace, and augmented demand for comfort are anticipated to push the market growth for the motorcycle suspension system. As per the latest market research, the motorcycle suspension system market is likely to reach US$ 2.4 Bn by 2029 and will expand at CAGR of 5% during 2019-2029.

With the growing traffic congestion, scooters are in demand when compared to conventional motorcycles, because of their low price range, good stability, and easy handling. It is being opted by all age groups, especially females, teenagers, and aged citizens. Higher gasoline and the natural gas costs are also pushing users to choose two-wheelers rather than four-wheelers. This might positively influence the growth of OEM production units in the motorcycle suspension system market during the projected period. Also, building well-established direct sales-supply agreements with OEMs in the automotive sector is a major winning approach for market players.

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Demand for Aftermarket and Electronic Controlled Suspension Systems to Witness Rapid Growth

Although the motorcycle suspension systems market keeps on leading the sales by OEM, the aftermarket is anticipated to record the highest expansion during the estimated time frame. This trend is stronger in developed regions in which, suspension systems replacement rate is more prominent than the rest of the world. According to a study published by World Economic Forum, road conditions in Latin American, African, and South Asian nations are poor; thus, in these countries, the prospects for the aftermarket will be medium to high in the global market.

Presentation of advanced features, for example, electronic controlled suspension systems in conventional scooters and motorcycles are driving the market growth.

COVID -19 Impact Analysis

COVID-19 could influence the worldwide economy by directly impacting market demand and production, by supply chain disruption, along with its financial effect on firms. With the strict implementation of lockdown, quarantines along with cross border travel bans, it has brought effects on the automotive sector.

Now, with a little relaxation in lockdown, especially in Asian nations, makers are opting for various measures to cope up with the current scenario such as OEMs have set up disinfectant chambers at the plant, put out mandatory usage of personal preventive equipment(PPE), set about periodic sanitization, as well as made social distancing standards-essential as guided by the Government. Moreover, to ascertain the safety of the potential consumers, participants and dealerships are likely to embrace digitization.

The motorcycle suspension system market is fairly consolidated. Major players operating in the market include ZF Friedrichshafen AG, Gabriel India Limited, KYB Corporation, Showa Corporation, and BMW Group. These prominent market players hold a noteworthy market value share.

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Mobile Tracking Solution Market to Foresee Rapid Growth Due to Development of Sensor Technology & Connected Devices; Coronavirus Outbreak May Generate Growth Opportunities

Global Mobile Tracking Solution Market: Drivers

The global mobile tracking solutions market is estimated to witness rapid growth due to the development of sensor technology and connected devices over all the verticals, and reduction in search time for lost and misplaced assets. A few of the factors that are anticipated to fuel the market growth all over the globe are easy access to cost data for accounting purposes and asset depreciation, and better customer service. The mobile tracking solution market is likely to exhibit substantial growth in CAGR during 2015-2025.

However, high expenditure of the mobile tracking solution and lack of connectivity infrastructure in emerging regions are few of the constraints which are hampering the market growth of the mobile tracking.

Global Mobile Tracking Solution Market: Key Developments

With the technological progressions, industries have begun collecting reliable data with the help of wireless technology to offer valuable services concerning the asset supply or usage. By customizing their tracking solutions to meet the unique requirements of their customers, these businesses can leverage more competitive benefits as they have all the data required to make quick and smart decisions.

ORBCOMM’s CargoWatch® Secure is robust cargo security solutions that offer enhanced assets visibility in-storage and in-transit in addition to comprehensive asset lifecycle awareness. CargoWatch Secure supports management through KPIs, dashboards, and the capability to correct and detect supply chain anomalies in real-time. Additional insights are offered via advanced analytics and daily reports. Real-time, event-based notifications moreover allow quick corrective measures when any setbacks are observed.

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COVID-19 Impact Analysis

The COVID-19 pandemic is anticipated to amplify the gap between business 5G services and consumers. The private and government sectors are increasingly dependent upon data-driven technologies to help track and control the COVID-19 pandemic. However, it has also raised concerns regarding personal privacy, which might hinder the market growth.

Key Takeaways of Market Study

In terms of technology, the global market is categorized into GPS, RFID tags, and other technology.
Based on vertical, the market is segmented into the healthcare sector, public sector, BFSI sector, logistics, and transport sector, commercial sector, retail sector, energy & utility sector, industrial sector, manufacturing sector, and others.

Global Mobile Tracking Solution Market: Regional Insights

Future Market Insights in their recent research, forecasts that rising economies such as the Middle East & Africa, Latin America, and the Asia Pacific, are projected to generate new business prospects for the mobile tracking solution suppliers.

Global Mobile Tracking Solution Market: Competitive Landscape

Key participants in the mobile tracking solution market concentrate on the introduction of new enhance solutions and product innovation to outperform competitors. In addition, acquisition and merger is another major strategy opted by major participants in the mobile tracking solution market. For instance, ORBCOMM Inc. acquired SkyWave Mobile Communications (SkyWave) in 2015.

A few of the major participants identified in the global market are Mobile Asset Solutions., Wasp Barcode Technologies., Barcodes, Inc., ORBCOMM Inc., Wavetrend Ltd., Verizon, Spireon, Inc., Vix Technology, NFC Group, and Libelium Comunicaciones Distribuidas S.L.

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Specialty API Sales to Expand at 7.0% CAGR Through 2030, Raw materials Supply Shortages Due to COVID-19 Pandemic Challenges Rapid Market Growth

Technological progressions to increase manufacturing capacity in API production offers higher market prospects in developed markets for specialty active pharmaceutical ingredients (API). Substantial investments in the growth of permitted specialty API is one of the most important variables amid companies in the specialty API market. The specialty API market is anticipated to expand at a CAGR of over 7.0 % in terms of revenue consistently during the forecast period 2020-2030.

Specialty API Market: Key Developments

Rising cases of chronic diseases such as cardiovascular, diabetes, cancer, and infectious ailments are additionally offering potential prospects to the companies for the development of small-molecule APIs in the specialty API market.

Progressions of analytical methods offer better characterization and quantification of the specialty APIs of interest which also decrease the production and time. For instance, the presentation of the latest LC/MS methods in the past few years which utilizes both – low levels of triethylamine (TEA) and hexafluoroisopropanol (HFIP) as a mobile-phase buffer, impel the refinement processes and as well reduce cost and time.

Moreover, there has been substantial growth in proprietary chemical processes to augment production capabilities that have significantly bring down the production cost of specialty API.

Key Takeaways of Market Study

Based on product type, the small molecules API category stays dominant in the specialty API market, during the forecast period.
The growing acceptance of small molecules (non-biologics) due to myriad generic drugs in development and patent expiry has resulted in low-cost healthcare expenses which are projected to fuel the specialty API market.

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COVID-19 Impact Analysis

The immediate risk to the pharmaceutical sector from the supply shortages of vital raw materials from China because of the COVID-19 outbreak is limited. COVID-19 pandemic has directed towards a decrease in the manufacturing capability of several specialty API producers incorporating Contract Manufacturing Organization (CMOs) and pharmaceutical companies. Over a longer-term, the API sector in emerging economies such as India will stand to benefit as regulators, to encourage investments as well as incentivize the API sector and reduce dependence on China.

Regional Insights

Europe continues to be a thriving market for specialty APIs because of the higher implementation rate of patented/innovative medicines followed by North America. The U. S. stays a flourishing nation in the global market and it has consistently reflected noteworthy annual growth rates of over 5.5% in 2020. Apart from North America and Europe, India, China, Japan, and GCC Countries reflect noteworthy prospects for specialty API market players.

Competitive Landscape

The majority of the market players of the specialty API market are developing business strategies and highly innovative approaches to keep the market extensively consolidated.

The major market players are focusing on the growth of technologies, acquisition of medium and small-sized companies, and exclusive product licensing to keep up their strong market position. Also, partnerships, new product development, distribution agreements are the other approaches adopted by the prominent market players to lead themselves in the specialty API market.

For example, Anacor Pharmaceuticals, Inc. a top pharmaceutical company involved in building small molecule therapeutics API was taken over by Pfizer Inc, in June 2016.

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Sludge Treatment Chemicals Market Pegged at US$ 10,944 Mn Value Pool by 2026, Halted Production Due to COVID-19 Pandemic Challenges Rapid Market Growth

Expanding efforts towards water preservation exercises by environmental associations, industrial bodies, along with municipal corporations is boosting the sales of sludge treatment chemicals. The global sludge treatment chemicals market based on value reached US$ 6,580.0 Mn during 2015, which is anticipated to reflect a CAGR of 4.8% throughout the assessment period, to touch US$ 10,944 Mn towards 2026 end.

Key Developments

The demand for sludge treatment chemicals is projected to grow at a remarkable pace across industrial and municipal sludge treatment plants as a result of the strict regulations by the environmental and government agencies such as the Environmental Protection Agency (EPA) in North America. Growing awareness amid the public and absence of freshwater resource availability is also expected to boost demand for sludge treatment chemicals market globally. Quick industrialization outcomes in a rise in industrial sludge production that necessitates being treated, hence are supporting the market development during the forecast period 2016-2026.

Technological developments are prepared to create processes that discover the content of nutrients in the sludge. The fertilizer made from industrial sludge is anticipated to replace agricultural synthetic fertilizers and it will boost the industrial sludge treatment chemical market growth during 2016-26.

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COVID-19 Impact Analysis

Several leading market players in the industry have come forward to manufacture raw materials for safety products required for restricting the virus spread. The major market players such as INEOS, Huntsman, and Dow are ramping up the manufacturing of hand sanitizers.

Production plants are worker-dense as most of the operations cannot be executed remotely. To deal with the social distancing concerns, amid the COVID-19 pandemic, market players are carrying out staggered shifts and ascertaining a safe distance amid workers.

Key Takeaways of Market Study

Based on product type, the flocculant category accounted for 56.3% of the market share in the globally during 2016.
The disinfectant product type’s market share is likely to grow by 1.8x with sales anticipated to be estimated at US$ 656.4 Mn towards 2026 end.
In terms of application, the municipal category held the majority of market revenue share and is anticipated to record noteworthy CAGR during 2016-2026.
Based on treatment, the primary treatment is anticipated to dominate the market share in volume and value terms.
The tertiary treatment category will reflect a CAGR of 5.1% during 2016-2026.

Regional projections

The Asia Pacific regional market is likely to foresee a comparatively higher CAGR of 6.0% in revenue terms over the forecast period. Western Europe and North America are projected to add remarkable revenue share to the sludge treatment chemicals market all through the conjectured period. Stringent regulation concerning the sludge treatment has directed towards long term supply agreements.

Competitive Landscape

Supply chain strengthening, especially in regions such as Latin America and APEJ, is the foremost focus area for companies in this market. Producers are focused on the development of multifunctional polymers that could help in improved efficiency and cost-cutting. Several sludge treatment chemicals manufacturers have been engaged in strategic mergers and acquisitions to increase their customer base worldwide.

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Blockchain Technology Market Valuation to Surpass US$ 1.5 Bn by 2020; Coronavirus Outbreak to Generate Growth Opportunities

With consumers and businesses to increasingly depend on Bitcoin transactions, the money and payments use case of blockchain technology would also foresee growing demand during the forecast period. Consequently, by 2030 end, the valuation of the blockchain technology market is projected to expand over 35 times its value in 2019. The global blockchain technology market is anticipated to offer an incremental opportunity valuing over US$ 55 Bn from 2020 to 2030. The global market is anticipated to surpass US$ 1.5 Bn by 2020 end.

Blockchain Technology Market: New Developments & Product Innovations

Blockchain technology has laid out luxury brands with a unique solution to tackle entry to fraudulent products and counterfeiters in the market. For example, IBM’s TrustChain will accurately indicate the origin of jewelry from mine to store, assuring the supply chain stays fraud-free. The capacity of tracking jewelry with a unique special code would present the product’s history, right from the place of origin to the reseller and the seller.

The trust system at play, assuring the authenticity of the jewel, is likely to be this technology’s USP. Paperwork elimination assures to make the procurement system and sale more efficient during the whole process.

COVID-19 Impact Analysis

Blockchain technology is anticipated to emerge as a new digital society status quo, amid the COVID-19 pandemic. The blockchain technology is likely to accelerate major technological progressions that are already underway. Cryptocurrency and blockchain innovations will push forward the growth in the finance sector, ahead of other industries.

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Key Takeaways of the Market Study

Based on the solution, the blockchain platforms will offer major lucrative revenue generation prospects.
Based on the use case, the supply chain management is the key use case in the global market, trailed by decentralized finance.
In terms of enterprise size, large enterprises will remain as the key contributors to the market growth.
BFSI industry is the key contributor to market expansion with transportation & logistics industries trailing suit.

Regional Insights

The U.S. hosts majority of leading companies functioning in the global market. Heavy procurement of blockchain technology and a high focus on technology innovation in transportation and logistics, healthcare, and BFSI industries has made it possible for the nation to register the highest valuation in recent years. With this trend, North America will account for over 45% of global market share during the assessment period.

Higher demand in transportation and logistics, government, retail, and e-commerce and BFSI industries in nations such as Switzerland, U.K., France, Italy, Spain, and Germany will help the European blockchain technology market register the fastest development rate.

Competitive Landscape

As the technology is falling back in worldwide dispersal, start-ups in blockchain technology are endeavoring to grow long term partnerships with the integrators. The move comes to guarantee consistent revenue generation over the conjectured time frame. Start-ups are cooperating up with man-made reasoning (AI) based innovation designers to advertise extensive answers for decentralized budgetary applications. Market players, for example, Bitfury Group Limited are concentrating on growing their blockchain portfolio to incorporate hardware solutions that allow end-users to share or transfer resources assets and safely over a blockchain-based system.

Other market players, for example, Cegeka, are enhancing their current blockchain solutions to amplify business impact. These players are creating adaptable blockchain solutions that incorporate exceptionally desirable capabilities showcased at competitive rates.

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Surging Mobile Subscriber Base to Generate Opportunities for the Base Station Antenna Market by 2028; Industries Functioning at 50% Capacity Due to COVID-19 Outbreak: Concludes FMI

Enhanced omni-directional functioning and broader area connectivity of base station antennas are major aspects that are driving growth in the base station antenna market. Additionally, the surge in the mobile subscriber base is generating prospects for the base station antenna market.

Technical Progressions, Eases Connection Between Wired and Wireless Phones to Boost Base Station Antenna Sales

Rapid industrialization in developing and developed nations, a growing number of cell phone users worldwide, and technological progressions in communication equipment to ease the connection between traditional wired phones and wireless phones are some key variables anticipated to boost sales in the global market.

Companies such as CommScope provides an extensive range of base stations antennas, designed to assist in improving network capacity, with solutions supporting increased efficiency, densification, and new spectrum (includes remote electrical tilt, ultra-wideband flexibility for future spectrum releases, small cell/metro cell antennas, etc).

In the next few years, 5G will see continued development and innovation for passive antennas. Moreover, the Beijing Base stations are anticipated to experience a transformation in terms of quantity and quality with 6G. This transformation will maintain speeds of over 1 terabit per second or more than ten times faster than 5G. China and South Korea, home to worldwide producers of mobile phones, electronic parts, and base stations, are tapping the market players’ expertise and aim to take the lead in setting 6G tech standards via private-public efforts.

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COVID-19 Impact Analysis

The impact of the COVID-19 outbreak has lead majority of the industry, function at around 50% capacity, nevertheless, China has resumed its manufacturing operations since February. The outbreak has a significant influence on the technology sector, impacting raw materials supply, disrupting the value chain of electronics, and stimulating an inflationary risk on products. The cross border checks’ concerning COVID-19 has worsened the scenario. Moreover, the disruption has encouraged remote working, and a rapid focus on de-risking and evaluating the end-to-end value chain.

APAC to Dominate and Foresee Higher Expansion

The Asia Pacific leads the global market trailed by the Western Europe & North America region. The APAC market will foresee higher expansion because of the rising advanced mobile communication technologies and increase in the number of mobile subscriber base. Additionally, the need for the base station antenna in Western Europe is rising and will add to the sales valuation. MEA and Latin America will be contributing noteworthy market share over the assessment period.

Competitive Landscape

The growing investment by prominent players for technological progressions and expansion of advanced base station antenna, improves network capacity and solutions supporting densification will generate revenue prospects for market players operating in the target market.

Panorama Antennas, in July 2017, introduced light-duty base station antenna which offers superior broad area connectivity, especially for difficult signal environments. This light-duty base antenna endures LoRa technologies and low power wide area network (LPWAN) in several applications such as remote monitoring in utility meters, smart-grid, and oil and gas.

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