Market Research Blog – Page 14842 – New Product Development

Mud Pumps Market Is Forecast To Register 3.4% CAGR During Forecast Period 2021-2031

As per Future Market Insights (FMI) analysis, the mud pumps market sales will total US$ 872.2 Mn in 2021. Demand outlook remains fairly positive as the market is forecast to register 3.4% CAGR between 2021 and 2031 Despite challenges posed by COVID-19 outbreak, the mud pumps market registered 1.0% year-on-year growth between 2020 and 2021. Dynamic pricing trends adopted by original equipment manufacturers (OEMs) will create attractive prospects for growth of the market in the coming years.

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For instance, EOG resources, a US company headquartered in Houston, has been extensively dabbling in the exploration of shale gas reserves. Its success was evidenced with an astounding 92% sales in Q3 of 2018 that too in a relatively low-price environment. The company has also been deploying its own drilling rigs and mud pump systems adding to its overall value.

Key Takeaways Of Mud Pumps Market Study

68% of mud pumps market revenue remains concentrated in three countries Led by strong gains in the US, North America will maintain its position as regional powerhouse exhibiting 1.2X growth through 2031 Stringency in regulatory norms will boost uptake of electric pumps on back of their excellent operability and environmental friendliness Triplex pumps continue to be preferred over duplex pumps; with 30% lower weight, they offer excellent mud displacement and smoother discharge The top 10 players in the market are expected to hold more than 50% of the market share through 2031

“Enhancing efficiency points of mud pumps will be key focus area of manufacturers. This can be done by finding issues that threaten pump integrity and increase emissions such as excessive degradation of seals, valves and flanges”, says the FMI Analyst

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COVID-19 Temporarily Clouds Mud Pumps Outlook

Energy transitions are greatly impacting the oil and gas outlook. Rig operators and drilling equipment manufacturers are now looking at a scenario where investments towards ongoing supply must be balanced out against emission control. Fuel demand destruction is a huge challenge in the ongoing pandemic as well as a rapidly decarbonizing world.

Containment strategies that have been instituted in North America and Europe will have a less adverse effect on demand for oil as compared to China. With the discovery of new oil wells and reservoirs in China, an improving market landscape in China in the second quarter of 2020 will bode well for the deteriorating demand for oil and subsequently the mud pumps industry.

Supply wise, geopolitics have continued to be a wild card for the oil and gas industry. With supply gluts prevailing major OPEC nations have been forced to cut output. While supply will see a comfortable trajectory through 2025, oil and gas and the pumps industry will see a visible contraction through 2020 with recovery expected in 2021.

By Segmentation:

Product Type:

Duplex
Triplex
Quintuplex

Driven System:

Electric
Fuel Engine

Application:

Onshore
Offshore

Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

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Market Growth Characterized By Organic Strategies Undertaken By Key Players

Bigger players in the mud pumps market landscape have a huge advantage of continuous cash flow. Thus they are showing greater resiliency by channelizing their resources and acquiring shale players, oil and gas service companies without having to rely heavily on organic product portfolios.

Many are already investing in non-traditional markets with a very negligible impact on their bottom line. A significant number of market players are putting in almost 20% of their capital expenditures towards the setting up of on-shore and off-shore drilling equipment and mud pump systems. While this accrues to be a large chunk of investment, in actuality it is tantamount to just over 5% of its yearly revenues.

Pharmaceutical Filtration Market is anticipated to be worth more than US$ 17 billion by the end of the forecast period in 2022

Active pharmaceutical ingredients are a key component of the pharmaceutical industry in the 21^st century. Filters are essential in a number of cases during the course of API creation and are necessary in bioscience laboratory applications as well. An increased production of large biologics and molecules, nano fibre technological advancements, generic market growth, and regulatory guidelines for cleanroom pharmaceutical production are the main factors driving the pharmaceutical filtration market. Additional funds diverted towards R&D expenditure by major biopharmaceutical organizations also boost the profile of the pharmaceutical filtration market. According to Future Market Insights, the pharmaceutical filtration market is expected to record a robust CAGR of 6.1% for the period from 2017 to 2022.

Manufacturing has the major portion of the revenue share in the pharmaceutical filtration market by operation in 2017 and is likely to remain so throughout the duration of the forecast period. The manufacturing segment is expected to cross a value of more than US$ 9.3 billion by end 2022 making it imperative for companies to be present in this operation segment of the pharmaceutical filtration market. The pilot scale segment follows at a considerable distance but cannot be overlooked entirely in favour of manufacturing. The pilot scale filtration segment has strong scope in North America as the continent represents a little over a third of the pharmaceutical filtration market and is estimated to retain this share going forward
The cell separation segment comprises slightly above a sixth of the pharmaceutical filtration market by application and is predicted to lose popularity in the future. Nonetheless, the North America cell separation market alone is on track to push past a billion dollars by end 2022 and companies are advised to take this into account while devising their business strategies. The water purification segment has a similar revenue share to the cell separation segment in the pharmaceutical filtration market by application. After North America, the water purification segment is particularly prominent in Europe
In terms of technology, microfiltration is quite popular as it contributes nearly half the revenue share in the pharmaceutical filtration market in the year 2017. Furthermore, microfiltration is anticipated to witness a high CAGR of more than 5.5% for the period 2017-2022 ensuring that all key stakeholders have ample opportunity in this lucrative technology. Ultrafiltration is not as prominent as microfiltration in the pharmaceutical filtration market but is gaining traction recently. Ultrafiltration technology has the greatest scope in both North America and Europe as these two continents are projected to cross a billion dollars in terms of value by end 2022
North America is the largest region in the pharmaceutical filtration market and is poised to grow to more than US$ 6 billion by end 2022
The report has profiled a few of the companies in the pharmaceutical filtration market. These include The Marmon Group LLC, Sartorius Stedim Biotech, Meissner Filtration Products, Parker Hannifin Corporation, Pall Corporation, Merck KGaA, GE Healthcare Inc., Eaton Corporation Plc., Amazon Filters Ltd., and 3M Companies.

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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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UTI Cat Food Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2030

The overall demand for different cat food products has increased, as the global pet food industry has been growing at a rapid pace. The mounting number of cat parents around the world has significantly triggered the growth of the cat foods industry, creating positive growth prospects for stakeholders in this landscape. However, the conventional cat food products and the cat food products that are produced to cater to the specific health needs differ in characteristics, and cat parents are becoming aware of this fact. Growing health concerns among cat parents are expected to trigger the demand for specialty food products for cats in the coming years. Mainly, the seriousness of urinary tract infections (UTI) in cats will primarily shape the growth prospects of the UTI cat food market, and ongoing research & development activities will further give rise to the introduction to innovative ingredients that help in treating UTI in cats faster and more effectively. These factors are expected to drive positive growth of the global UTI cat food market in the coming years.

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Growing Prevalence of Urinary Tract Diseases in Cats to Boost Demand for UTI Cat Food ProductsAccording to a survey conducted by Nationwide – one of the largest providers of pet health insurance in the United States, among the most common medical conditions observed in cats, bladder or urinary tract diseases topped the list in the U.S. in 2017.

This indicates that the UTI is among the most common health conditions that have prompted visits to a veterinarian among insured cats in the country.Though UTI is not a serious health condition among cats, it can be extremely painful, and cat food plays an important role in mitigating the pain and improving their urinary health.

Growing prevalence of UTI and such diseases among cats along with the rise in awareness about the role of cat food in curing these diseases is expected to boost growth of the UTI cat food market in the coming years.

Leading players in the global UTI cat food market are increasing their focus on discovering innovative ingredients that can contribute in reducing urine pH levels and support a healthy urinary tract in cats.

Compliance with Strict Governmental Quality Standards and Regulations is Mandatory

The global market for UTI cat food products is mainly characterised with stringent regulations and high quality standards.

Especially in the United States, stakeholders in the UTI cat food market must conform to the laws, regulations, and guidelines established by various governing bodies including the U.S. Food & Drug Administration (FDA) and Association of American Feed Control Officials (AAFCO).

Though there is no need for stakeholders in the UTI cat food market to gain pre-market approval from FDA, mainly in North America, the organization ensures that the ingredients in these UTI cat food products are safe.

UTI Cat Food Market: Region-wise Analysis

Based on the geographical factors, the UTI cat food market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

The growth of the North American market for UTI cat food products is expected to remain healthy, and it will be mainly triggered by the increasing presence of global leaders in the region.

A majority of research institutes in the United States are increasing their focus on discovering and investigating the factors causing UTI among cats and this will further enhance the growth prospects of the North American market for UTI cat food products.

Thereby, leading players are likely to join forces with research institutes in the region to gain a competitive edge by introducing innovative ingredients of UTI cat foods in the market.

UTI Cat Food Market: Competitive Landscape

Nestlé Purina PetCare
Halo Pets
Blue Buffalo Co., Ltd.
Diamond Pet Foods
Hill’s Pet Nutrition, Inc.
Royal Canin
Holistic Select Natural Pet Food
Merrick Pet Care
Weruva
Instinct
WholeHearted
Merrick Pet Care.

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Global UTI Cat Food Market: Key Players (this is an indicative list – full list of key players available upon request)

Nestlé Purina PetCare Company
Young Again Pet Food LLC.
Hill’s Pet Nutrition, Inc.
Mars, Incorporated
Mars Chocolat France SAS
Big Heart Pet, Inc.
SCHELL & KAMPETER, INC.
Wysong Uretic
Tiki Pets
WellPet LLC
Blue Buffalo Co., Ltd.

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
(China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.

Global UTI Cat Food Market: Market Segmentation

By form

Wet
Dehydrated
Dry
Others

By packaging type:

Can
Jar
Bag
Box
Others

By price range

Mass
Premium

By End-use

Pet care centers
Veterinary Clinics
Pet Shops
Others

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By sales channel

Direct
Indirect
Independent Small Stores
Wholesalers/Distributors
Specialty Stores
Independent Small Stores
Online Sales Channel
Veterinary clinics
Pet Stores
Others

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Downstream Processing Market is poised to exhibit a robust CAGR in the period of assessment

Downstream processing is used to manufacture antibiotics, antibodies, hormones, vaccines and also used for the production of industrial enzymes. In downstream processing, the purification and recovery of biosynthetic products is done that are derived from natural sources such as tissues of animals and plants. The growth of the downstream processing market is fuelled by the ever growing demand for biopharmaceuticals and increasing R&D spending on the development of such products. However, the high cost of the instruments involved in downstream processing and a dearth of skilled workforce is hampering the growth of this market.

The global downstream processing market is slated to touch a value of about US$ 25,800 Mn in the year 2022 and display a robust CAGR during the assessment period.

4 Forecast Highlights on Global Downstream Processing Market

As per the forecast of Future Market Insights, the filters product type segment is slated to touch a value of nearly US$ 5,700 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The filters product type segment is estimated to account for more than one-fifth of the revenue share of the product type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Future Market Insights, the contract manufacturing organizations segment will reach a value of nearly US$ 5,500 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The contract manufacturing organizations segment is forecasted to account for more than one-third of the total revenue share of the end users segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
As per the forecast of Future Market Insights, the monoclonal antibody production segment is slated to reach a value of about US$ 8,300 Mn in 2022. The monoclonal antibody production segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the monoclonal antibody production segment.
Future Market Insights forecasts the gel chromatography segment to exhibit a compound annual growth rate (CAGR) of nearly 15.0% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the downstream processing market like Sartorius Aktiengesellschaft, Repligen Corporation, Merck & Co Inc., Thermo Fisher Scientific, Inc., Eppendorf AG, General Electric Company, Corning Incorporated, 3M Company, Lonza Group Ltd. and Danaher Corporation.

Embedded Security For Internet Of Things Market Research Report 2022 – Global Forecast till 2027

The report reveals, the global embedded security for internet of things held US$ 2,525 Mn in 2016 and is projected to secure almost US$ 11,125 Mn by the end of 2027. The market is anticipated to exhibit high double-digit CAGR throughout the forecast period (2017-2027), in terms of revenues. The market in APEJ (Asia Pacific excluding Japan) is anticipated to reflect comparatively higher expansion throughout the forecast period, in terms of value.

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Rising number of devices which are being associated through IoT network is considered as a vital factor propelling demand for embedded security for IoT. Additionally, increasing strength of cyber-attacks on IoT devices as well as on networks combined with the introduction of revised industry guidelines to utilize embedded hardware solutions are noticed as major driving factors of embedded systems for IoT. The embedded security for IoT is forecasted to move towards delivering security to hyper-connected technologies. A recent report on embedded security for Internet of Things developed by Future Market Insights (FMI) offers such critical things in it.

embedded security for internet of things Market

Dynamics of Market

The controller chip segment is projected to procure more than four-fifth share of the market, in terms of revenues, exhibiting staggering double-digit CAGR throughout the assessment period. In terms of revenues, the segment is projected to retain its dominance throughout the forecast period. Moreover, the segment is estimated to generate incremental dollar opportunity of over US$ 6,800 Mn during 2017-2027.

The use of embedded security for IoT in connected cars is projected to expand at significant growth rate during the assessment period. Embedded security systems for IoT worth nearly US$ 687 Mn were used in connected cars in the year 2016.

Automotive industry, by vertical type is anticipated to retain its dominance in the market throughout the forecast period, securing almost one-third revenue share by the end of 2027.

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Regional Segmentation

Moreover, the North America is anticipated to remain most lucrative regions for embedded security for Internet of Things market throughout the assessment period. The market in this region has secured nearly US$ 773 Mn in the year 2016 and secured nearly one-third revenue share of the market. In terms of revenue, the North America region is anticipated to retain its dominance over the assessment period. Rising utilization of IoT devices has led to increased security concerns, thereby numerous government regulatory bodies in US region have allotted security guidelines for IoT solution providers throughout various verticals. During this period, the market for embedded security for Internet of Things in Western Europe region is anticipated to reach nearly US$ 1,677 Mn by the end of 2027, procuring staggering CGAR throughout the assessment period. Further, number of government authorities in different countries are ensuring that device manufacturers execute better security programs in order to secure cyber-attack on IoT networks and devices.

Competitive Landscape

Blackberry, a Canadian telecom service provider introduced an IoT platform based on cloud technology with device management features allowing data collection from range of networks and devices. This platform allows business partners, application developers and others to combine various aspects of IoT solutions comprising security. Primarily, the platform was directed towards shipping and automotive sector and in foreseeable period it is likely to be extended to other sectors such as healthcare and energy.

Several key market players, operating in the market are profiled in the report include, ARM Holdings Plc. (SoftBank Corp), Trend Micro Incorporated, Intel Corporation, NXP Semiconductors N.V., Gemalto N.V., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Synopsys, Inc., Infineon Technologies AG, Inside Secure, and Cisco System Inc. The report reveal that these market players are likely to contribute more in the growth of the global market for embedded security for Internet of things.

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Market Segmentation

By Component

Software
Controller Chip

By Application

Smart Factory
Smart Grid
Connected Car
Networking Equipment
Computing Devices

By Vertical

Retail
Aerospace and Defence
Healthcare
Gaming
Automotive
Others

By Region

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

Key Questions Answered in the Report

What is the outlook of the global embedded security for Internet of Things (IoT) market?
Which are key players in the embedded security for Internet of things?

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Pharmacy Automation Systems Market is expected to retain its dominance throughout the forecast period

According to a recent market report published by Future Market Insights titled “Pharmacy Automation Systems Market – Global Industry Analysis and Opportunity Assessment, 2016–2026,” the global Pharmacy Automation Systems market was valued at US$ 3,344.7 Mn in 2016, and is expected to register a CAGR of 6.2% from 2022 to 2026.

Pharmacy Automation Systems are increasingly being installed by various end-users such as hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. There is an increase in the usage of Pharmacy Automation Systems in hospital pharmacies due to an increase in the demand for medication dispensing cabinets to provide formulary across health system to support nurses and pharmacists to manage the medication dispensing and administration. Moreover, there is a rise in the usage of Pharmacy Automation Systems in the clinic pharmacies, retail pharmacies, mail order pharmacies, and pharmaceutical SMEs.

There is an increasing inclination of pharmacists for automation systems as it automates time-consuming and routine tasks such as medication compounding, packaging, dispensing, storage and retrieval, etc. Also, these automation solutions streamline pharmacy workflow and also reduce risk of errors, which enables physicians to focus on direct patient-care activities. The system streamlines the outpatient and inpatient drug dispensing process by ensuring the appropriate drug reaches the right patient at the right time. Therefore, increasing number of pharmacists opt for pharmacy automation systems to eliminate the risk of errors which otherwise are caused due to manual compounding and dispensing of medications. This, in turn is anticipated to drive the revenue growth of pharmacy automation systems market in the near future.

Pharmacy automation systems comprises automated cabinets, barcode systems and automated dispensing systems, tablet splitters, etc. that enable pharmacists and healthcare providers to have real-time access to the stock along with proper inventory management.

Also, pharmacy automation systems provide enhanced safety to patients requiring medications. Automation in pharmacy also reduces number of staff required to manage and control pharmacy operations that in turn reduces labor cost. Increasing awareness about these benefits of pharmacy automation technologies is expected to fuel the demand for pharmacy automation systems in the near future.

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However, the higher cost of automated dispensing systems, vial filling robots, tablet counting machines is a major factor hampering its adoption of pharmacy automation systems across resource poor countries. Typical vial-filling robots will automate approximately 45% of daily retail pharmacy prescription volume at an initial installation cost of approximately US$ 200,000. Moreover, the higher maintenance costs associated with these systems installation along with exorbitant pricing for training and development program for end users impede the practical implementation of pharmacy automation systems. Thus, decreased adoption of pharmacy automation systems in small retail pharmacies, has led to decrease in market growth.

The global pharmacy automation systems market is categorized on the basis of product type, the pharmacy automation system market is segmented into medication dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. In terms of revenue share, medication dispensing cabinets (ADC) dominated the global pharmacy automation systems market in 2016 and is expected to retain its dominance throughout the forecast period.

On the basis of application, the Pharmacy Automation Systems market is segmented into drug dispensing & packaging, drug storage and inventory management. In terms of revenue share, drug dispensing and packaging dominated the global pharmacy automation systems market in 2016 and is expected to do so throughout the forecast period. The inventory management application segment is anticipated to expand at the fastest CAGR during the forecast period.

On the basis of end-use industry, the global pharmacy automation system market is segmented into hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. Hospital pharmacies currently account for the highest revenue in the pharmacy automation systems market due to increasing usage of pharmacy automation systems in hospitals in developed countries.

This pharmacy automation systems market report also covers trends that drive each segment and offers analysis & insights regarding the potential of the pharmacy automation systems market in regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among these regions, the APEJ pharmacy automation systems market is projected to exhibit relatively high growth in the global pharmacy automation systems market with a CAGR of 8.2% during the forecast period. Revenue from the pharmacy automation systems market in North America is estimated to account for over 62.3% of the global pharmacy automation systems market revenue in 2016. The pharmacy automation systems manufacturers and technology providers can focus on expanding across several countries in APEJ such as India and China.

Some of the key competitors in the pharmacy automation systems market are AmerisourceBergen Corporation, Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell Inc., and ScriptPro LLC Corporation; Inc. These key players are constantly focusing on product innovation and geographical expansions to sustain their market presence and increase revenue generation by developing various types of solutions and delivering outstanding offerings to several end-users.

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Transportation Predictive Analytics And Simulation Market 2022 | Present Scenario and Growth Prospects 2027

As the global transportation & logistic industry observes convergence through adoption of data-centric solutions, predictive analytics & simulation software are likely to be in great demand in the future. As a measure to improve efficiency of transportation operations, predictive analytics and simulation software use the captured data to determine patterns, and show future outcomes & trends related to transportation. Apropos the report published by Future Market Insights, rising number of connected vehicles will also be a key booster for adoption of transportation predictive analytics & simulation solutions. Since vehicle connectivity is on an upsurge, several automakers have modified their automotive offerings by instating features such as sensors and advanced tracking systems enabled with engine diagnostics.

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According to Future Market Insights’ report, connected cars are capable of generating information regarding traffic flow, engine performance, etc. in real time. This data can be extracted using transportation predictive analytics and simulation, thus providing better analysis of transportation authorities. In terms of value, the global transportation predictive analytics and simulation market was valued at US$ 1,550.0 Mn in 2016, and is expected to reach US$ 3,916.6 Mn by 2027-end. During this forecast period, the market will reflect robust growth at a CAGR of 8.9%.

transportation predictive analytics and simulation market

Increasing vehicular traffics witnessed across the globe, and the earnest need for saving costs through cost-effective data solutions, and thereby rendering operational efficiency in logistics sector are also observed as key drivers for growth of global transportation predictive analytics & simulation market. In the report, titled “Transportation Predictive Analytics & Simulation Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” North America is projected to remain the largest market for transportation predictive analytics and simulation solutions North America’s transportation predictive analytics and simulation market will account for 35% of the market revenues by 2027-end. The region will also register fastest revenue growth at 10.5%, while Japan and the Asia-Pacific excluding Japan region will reflect growth at more than 9% CAGRs.

The report emphasizes on how predictive analytics can help companies to maximise revenue and minimise transportation costs by predicting customer demand while dealing with any capacity limitations. They can help airline companies devise a business strategy such as adjusting flight schedules or flight fares during different demand periods, and help maximise revenues as well as increase customer satisfaction. In 2016, more than US$ 230 Mn worth of transportation predictive analytics and simulation solutions were deployed in airline transport sectors across the globe. Nevertheless, in the long run, roadways will remain the most crucial component of transport for adoption of predictive analytics and simulation solutions; global revenues from which will soar at 9.8% CAGR through 2027.

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Taking into account the rising use of microscopic transportation simulation platforms for infrastructure planning, more than one-third of global transportation predictive analytics and simulation revenues will be accounted by microscopic simulation throughout the forecast period. Demand for macroscopic simulation, however, is projected to witness marginal decline in terms of its global revenue share. The report also predicts that on-premise deployment models will lose traction, but will still dominate the market revenues. Meanwhile, cloud-based deployment of transportation predictive analytics and simulation in the forecast period will bring in over US$ 1,400 Mn in global revenues.

More than 90% of the global transportation predictive analytics and simulation market will remain dominated by software over services. And, the report has profiled leading developers of transportation predictive analytics and simulation software & solutions, which include, IBM Corporation, Xerox Corporation, SAP AG, PTV Group, Cubic Corporation, Space-Time Insight, Tiger Analytics Inc., T-Systems International GmbH, Predikto Inc., and Cyient-Insights.

Market segmentation

By Region

North America
Latin America
APEJ
Japan
Western Europe
Eastern Europe
MEA

By Component

Software
Services

By Deployment Model

On-Premise
Cloud-based

By Simulation Method

Microscopic
Macroscopic
Mesoscopic

By Component of Transport

Roadways
Railways
Airways
Seaways

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Key Questions Answered in the Report

What is the outlook of the global transportation predictive analytics and simulation market?
Who are some prominent transportation predictive analytics and simulation service providers?

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Rugged Thermal Camera Market 2022 Development Status, Competition Analysis, Type and Application 2030

Global sales of rugged thermal cameras market are anticipated to exhibit a CAGR of 8.4% during the forecast period, 2022-2030. Thermal imaging finds immense utilization in the aviation industry, primarily for military purposes. Its application radar consists of diverse domains including, navy, automotive, geological survey, agriculture, and fault detection.

Given a drop in prices of infrared (IR) imaging, civilian surveillance applications are widely embracing the technology. These rugged thermal cameras can be used remotely and controlled through internet in real time by leveraging ascendant remote management software (ARMS) from any device.

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rugged thermal camera market

COVID-19 Pandemic Impact Analysis

The sudden coronavirus (COVID-19) pandemic situation has widened the gap between supply and demand of security and surveillance systems, which, in turn, is severing the supply chain as well as manufacturing operations of various video surveillance system manufacturers. In the course of past five years, the market for rugged thermal cameras has grown by almost 8%, globally.

Furthermore, due to the pandemic, nationwide lockdowns and restrictions on transportation & logistics are resulting in production downtime and worker scarcity. In China, where the pandemic initially began, supply chains have also been negatively impacted by the COVID-19 spread, hindering the overall Chinese production by 2%.

Key Takeaways of Rugged Thermal Camera Market Study

North America is expected to hold significant share in the global rugged thermal camera market over the forecast period.
Cooled thermal cameras are likely to capture leading revenue share among all technology, as these cameras are widely used in extreme conditions worldwide.
Security and surveillance is anticipated to remain key application area of rugged thermal cameras.
Players in rugged thermal cameras continue to invest in government sector over the decade.

The rugged thermal camera market in South Asia & Pacific is likely to witness rapid growth, owing to upsurge in military expenditure in countries such as India, Singapore, and Malaysia. In addition, rise in adoption of new-age security systems for detecting and preventing security breaches is creating fertile ground for rugged thermal camera market players.

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Increasing Adoption of Rugged Thermal Cameras in Maritime Industry to Propel Sales

Rugged thermal cameras are highly effective in maritime environments, wherein they are used to detect objects that can damage a vessel, and shipping lane traffic buoys. They monitor activities in port and detect approaching vessels without alerting them. Furthermore, rugged thermal cameras provide mariners with professional multi-sensor marine thermal vision to see other vessels, people in the water and navigational hazards.

Interested in More Valuable Insights on Rugged Thermal Camera Market?

Future Market Insights offers an unbiased analysis of the global rugged thermal camera market, providing historical data for 2015-2021 and forecast statistics from 2022-2030. To understand opportunities in the rugged thermal camera market, the market is segmented on the basis of technology, application, and end user across seven major regions.

Key Segments of Rugged Thermal Camera Industry Survey

By Technology :

Cooled Thermal Cameras
Uncooled Thermal Cameras

By Application :

Rugged Thermal Cameras for Security & Surveillance
Rugged Thermal Cameras for Monitoring & Inspection
Rugged Thermal Cameras for Detection & Measurement
Others

By End User :

Rugged Thermal Cameras for Government Use
Rugged Thermal Cameras for Industrial Use
Rugged Thermal Cameras for Commercial Use
Rugged Thermal Cameras for Residential Use

By Region :

North America Rugged Thermal Camera Market
Latin America Rugged Thermal Camera Market
Europe Rugged Thermal Camera Market
East Asia Rugged Thermal Camera Market
South Asia & Pacific Rugged Thermal Camera Market
Middle East & Africa (MEA) Rugged Thermal Camera Market

Key Questions Answered in the Report

Which region holds a dominant position in the rugged thermal camera market?
What are the key trends in the rugged thermal camera marketplace?
How are sales of rugged thermal cameras anticipated to perform over the forecast years?
Currently, what is the rugged thermal camera market value?
What is the sales forecast for 2030?

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Smart Agriculture Solution Market 2022 | Scope of Current and Future Industry 2031

According to the report by Future Market Insights (FMI), the global smart agriculture solution market will register growth at 10.3% CAGR during the forecast period. Sales of smart agriculture solution across the globe are estimated to surpass US$ 13.2 Bn by the end of 2031.

Increasing adoption of advanced technologies such as artificial intelligence in drones to improve the crop production will drive the market growth.

Expansion of agriculture sector across India, Australia, and China is the major factor fueling the demand for modern technologies such as sensor based variable rate technology in agriculture sector.

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Historically, the global smart agriculture solution market grew at 5.7% CAGR between 2016 and 2020. With advent of precision farming and adoption of agriculture 5.0 technologies, sales of smart agriculture solution registered an inclination of 4.6% in 2021.

smart agriculture solutions market sector region wise plc position and notable trends 2021 2031

With increasing adoption of precision farming and smart greenhouses application, demand for sensor based and map based technologies will drive the sales. As per FMI, the global smart agriculture solution registered year-on-year growth of 6.8% in 2021.

Key Takeaways from FMI’s Smart Agriculture Solution Market Study

In terms of application, variable rate technology segment is anticipated to record highest CAGR through 2021 & beyond
Based on component, hardware segment is expected to witness fastest growth, accounting for nearly half of the market share
Drones segment will account for substantial global market share through 2031
Sensor monitoring system segment is expected to witness significant growth during the forecast period
India is expected to emerge as one of the most lucrative smart agriculture solution market through 2031
With Brazil leading the growth of Latin America smart agriculture solution market, Latin America is expected to record a CAGR of 12.3% during the forecast period

“Smart agriculture solution providers are collaborating with local and small- and medium sized agriculturists and IT companies to expand their product portfolio. Besides this they are integrating advanced technologies such as artificial intelligence and machine learning to offer smart farming solutions. This is expected to improve the crop productivity and efficiency,” says the FMI analyst.

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Competitive Landscape

As per the study, key players operating in the smart agriculture solution market are investing in developing modern and smart agriculture products such as smart aerial drones to gain competitive edge.

Some of the players are focusing on introducing new products and forming strategic partnerships with local agricultural product providers to expand their consumer base. For instance:

In March 2021, to improve cow comfort and hoof condition, leading player DeLaval announced the launch of its new robot collector series, DeLaval robot collector RC550 and RC700, designed for solid floors with unique rotary manure intake system.
In November 2020, John Deere, to improve the crop yield in precision farming, announced the launch of its new precision agriculture farming application Auto Path which uses data collected from the first pass in the field to establish precise row guidance for all field passes.

Get Valuable Insights on Smart Agriculture Solution Market

Future Market Insights, in its updated report, presents an exhaustive analysis on the global smart agriculture solution market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights on growth drivers and market potential in detailed segmentation basis of component (hardware (sensor monitoring system, smart detection system, GPS enabled ranging system, and drones), software, and services (climate information service, supply chain management service, and others)) and application (automated machinery guidance control, tractor collision and obstacle detection, machinery safety and parameter monitoring, variable rate technology, and building and premises surveillance) across seven major regions including North America, Latin America, Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan.

Smart Agriculture Solution Market by Category

Component Type:

Hardware
- Sensor Monitoring System
- Smart Detection System
- GPS Enabled Ranging System
- Drones
Software
Services
- Climate Information Service
- Supply Chain Management Service
- Others (System Integration, Maintenance and Consulting Service)

Application:

Automated Machinery Guidance Control
Tractor Collision and Obstacle Detection
Machinery Safety and Parameter Monitoring
Variable Rate Technology
Building and Premises Surveillance

Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa
Japan

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Key Questions Answered in the Report

What is the current value of the global smart agriculture solution market?
At what rate did the global smart agriculture solution market grow between 2016 and 2020?
What are the key trends boosting smart agriculture solution sales?
What is the total share of top players operating in the global smart agriculture solution market?
Which are the major countries driving demand for smart agriculture solution?
What will be the demand outlook for smart agriculture solution in North America?
What will be the market value of Europe smart agriculture solution market during the forecast period?
What will be the market share of South Korea and Japan in smart agriculture solution market?

The rising prevalence of sleep deficiency is the primary factor driving the growth of Contact-Free Sleep Monitoring Systems Market

Contact-Free Sleep Monitoring Systems Market Overview

Contact-free sleep monitoring system is a medical device for the monitoring the patient sleep and records the stages of sleep in the different times at the night. This device is connected to user smartphone app. This app receded s all the activities during the sleep time of the particular patient. After recording the data about different stages of sleep it also suggests the improvement in the sleep position. Besides that, it also suggests the improvement in the eating and drinking to improvise patient sleep. This device works on sound wave technology and records the slightest movement of the patient. These devices sweep the sound waves 16 times every second to the patient which is responsible for the granular level observation of sleep. The app connected to this device generate the static data of sleep which make the user to understand the areas of improvement in their sleep. This app also suggests the optimum sleep time for the patient and trigger the alarm to awake the patient.

Contact-Free Sleep Monitoring Systems Infection Market : Drivers and Restraints

The rising prevalence of sleep deficiency is the primary factor driving the growth of contact-free sleep monitoring system market. The advancement in the smartphone technology will responsible for the launch of the improved product for sleep testing which increases the penetration of contact-free sleep monitoring system market over the forecast period. The rising incidences of chronic health problem due to high stress and lack of sleep will also upsurge the growth of contact-free sleep monitoring system market. Increasing healthcare expenditure and focus on personal care will propel the growth of chronic disorder of sleep The lack of awareness people regarding the contact-free sleep monitoring system in under developing economies will hamper the growth of this market. Besides the strict regulatory scenario for the approval of the medical device for sleep testing will also deter the growth of contact-free sleep monitoring system market over the forecast period.

Contact-Free Sleep Monitoring Systems Market: Overview

Contact-free sleep monitoring system market is expected to show significant growth over forecast period due to rising incidences of chronic disorder of sleep. Accor ding to report published on Journal of Clinical Sleep Medicine current 50-70 million Americans are suffering from chronic disorder of sleep and wakefulness. Chronic disorder of sleep affect daily functioning, safety, quality of life, health, and longevity which force the consumer to focus on the their health. There are only few contact-free sleep monitoring system available in the market where as few systems are in the pipeline. The leading manufacturer of contact-free sleep monitoring system are focusing to collaborate will the rehabilitation centers and long term care centers to upsurge the awareness of this product among the consumers.

Contact-Free Sleep Monitoring Systems Market: Regional Overview

Based on geographic region Contact-Free Sleep Monitoring Systems market is classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. North America dominates the contact-free sleep monitoring system market due to high health care spending by consumers. This market is the followed by Western Europe and Japan. Increasing focus of among consumer about personal care is responsible for the robust t growth of contact-free sleep monitoring system market in Western Europe and Japan over the forecast period.

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Contact-Free Sleep Monitoring Systems Market: Key Players

Examples of some of the market participants in Contact-Free Sleep Monitoring Systems market identified across the value chain include SleepScore Labs, Resmed, Samsung, EarlySense Ltd., Sense. There are few device in the pipeline for contact-free sleep monitoring. Leading manufacturer of contact-free sleep monitoring is focused to collaborate with the regional and local distributors to expand their market presence and upsurge their revenue from this system.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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