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Future Market Insights (FMI)’s upcoming research study on the global Carbide Tools market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the Carbide Tools market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Carbide Tools market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The Carbide Tools market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Carbide Tools market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Carbide Tools market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

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Carbide Tools Market: Segmentation

To analyze the Carbide Tools market effectively and efficiently, the information has been segregated into key segments and sub-segments.

By Product Type, the Carbide Tools market is segmented into

• Circular Saw Blades
• CNC Inserts
• Router Bits
• Cutters
• Mills
• Tap & Dies
• Reamers

By end user, the Carbide Tools market is segmented into

• metal fabrication
• automotive & transportation
  • automotive
  • railway
  • aerospace
  • marine
• heavy machinery
• construction
• furniture & carpentry
• oil & gas
  • fabrication
  • manufacturing purposes
• other manufacturing

Carbide Tools Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Carbide Tools market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Carbide Tools market report.

Key players covered in the report include:

• KYOCERA Corporation,
• Sandvik AB,
• YG-1 Co., Ltd.,
• Makita Corporation,
• CERATIZIT S.A.,
• Mitsubishi Materials Corporation,
• Guhring Limited,
• Allied Machine & Engineering Corp.,

Crucial Questions Answered in the Report

• Which end-use industry remains the top consumer of Carbide Tools in different regional markets?
• At what rate has the global Carbide Tools market been expanding during the forecast period?
• How will the global Carbide Tools market look like by the end of the forecast period?
• What innovative technologies are the Carbide Tools market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global Carbide Tools market?

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Key Offerings of the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
• Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Carbide Tools market

The global  dewatering pumps market  is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Leading players in the market are focused to shift their production bases to Asia Pacific in order to capitalize on the economies of scale. The global market, characteristically, is poignant towards consolidation. Several mergers were seen during the recent past; the same trend is anticipated to continue over the coming years with profitability to remain as the core strategy behind these acquisitions.

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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Market Taxonomy

By Equipment

• Civic Infrastructure Construction
  • Commercial Construction
  • Tunnels
• Mining & Metals
• Paper & Pulp
• Chemicals
• Power Generation
• Food & Beverages
• Municipal
• Others

By Capacity

• 0.5-3 hp
• 3-10 hp
• 10-50 hp
• Above 50 hp

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• China
• South East Asia & Pacific (SEAP)
• India
• Japan

By Application

• Sludge Pumps
• Slurry Pumps
• Drainage Pumps
• Hybrid Pumps

By Technology

• Positive Displacement Type
• Centrifugal Type

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Low Priced China-based Pumps to Act as Hindrance to Market Growth The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

Future Market Insights (FMI) in a new study has presented optimistic outlook for the marine radar market, especially with the advent of next generation solid state radars. The demand is expected to remain consistent through the forecast period, enabling the market register Y-o-Y growth at little above 2% in 2021.

Maritime safety and efficiency is of utmost concern when it comes to merchant marine. Hence the segment dominates in terms of application and position is expected to remain impact through the course of the report’s forecast period. Also, the rising military and naval application to enable market players maintain a strong footing.

According to FMI, X-Band radar holds significant share in the market. It is also used in a wide range of applications including merchant marine, fishing vessels, yacht/recreational and military/ naval. Technology advancement and growing demand for progressive intrusion detection systems are underpinning the market growth. FMI has projected the market’s valuation to reach US$ 971 Mn by the end of 2031.

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Key Takeaways of Marine Radar Market Study

• The global marine radar market is projected to expand at a CAGR of ~2.4% by during the forecast period of 2021-2031
• The U.S. will remain a key pocket for sales, accounting for over 90% of the North America Market based on value in 2021
• Slump in growth is likely in the U.K. following the pandemic outbreak in 2020. FMI projects the market to record -0.5% Y-o-Y growth in 2021. However, recovery is on cards 2022 onwards
• Germany will remain a bright spot for sales in Europe, while negative growth is likely in France as well
• After sluggish return in 2020, sales in both Japan and South Korea market are likely to improve

    “With the increase of naval fleet and quantum of capital investments for navigation and communication systems across regional defence sectors at a healthy rate, the demand of marine radar is expected to be buoyed in wake of the mentioned factor. Furthermore, market is also expected to evolve towards maintenance & services domain for the market participants to extend their business footprint.” says a FMI analyst.

The demand for Marine Radar is expected to grow at moderate rate owing to its increasing consumption in Merchant Marine application. Military Naval is the segment is expected to grow during the forecast period with fastest CAGR. Naval sector plays an important role in structuring command on the marine radar market. China and India are the major target locations for supply of Marine Radar for manufacturers.

Key Segments

Product Type

• X Band Radars
• S Band Radars

Application

• Merchant Marine
• Fishing Vessels
• Yacht/Recreational
• Military/Naval

Region

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

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Who is Winning?

The global marine radar market is equally integrated at global and regional levels. Some of the leading players included in the report are FURUNO ELECTRIC CO., LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Japan Radio Co. Ltd., BAE Systems, JRC (Alphatron Marine), and Garmin, Raytheon Company, Wärtsilä SAM Electronics Gmbh, Transas Marine International AB and others. To gain competitive advantage in the market, market participants are involved in acquisition activities expansion, merger, and expansion with regards to excessive market growth.

Want to Know More?

Future Market Insights has released a Marine Radar market research report providing the 2016-2020 global industry analysis and the 2021-2031 opportunity assessment. The report provides an in-depth analysis of the Marine Radar Market across various segments, namely the type, application and region of the product. The Marine Radar Market study, along with an overview of the parent market, also provides supply and demand trends.

Key Questions Answered in the Report

Which is the most lucrative market for marine radar?

China currently leads the global market for marine radar. China will continue accounting for more than half of the East Asia market for marine radar through the forecast period.

Which type of marine radar is more in demand?

X Band Radars are highly preferred for many applications. The demand for X Band Radars is expected to remain high in the near future, especially due to its increasing use in various applications in merchant marine and fishing vessels.

Which end-use application is exhibiting high demand for marine radar?

Marine radar are widely used in merchant marine applications. Their usage in fishing vessels and yacht/recreational is rising day-by-day.

Which are some of the leading companies providing marine radar?

Some of the leading companies manufacturing marine radar are FURUNO ELECTRIC CO., LTD., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Japan Radio Co. Ltd, etc.

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Enquiry before Buying

• Is this research conducted by Future Market Insights?Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst.
• What research methodology is followed by FMI?FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology.
• Who are the respondents for primary research?FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
• What are the sources of secondary research?FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
• Is a sample of this report available for evaluation?Yes, you can request a sample and it will be sent to you through an email.
• How can I buy this report?FMI provides a secure online payment system to buy report effortlessly. You can buy the report securely and safely.

Hydraulic gear pump sales continue to grow strong with the construction industry’s growth, sustained automobile sales, and adoption by mining industry operators. A recent Future Market Insights (FMI) study projects a steady growth outlook for the global hydraulic gear pumps market, reaching the valuation of US$2.5 Bn at the end of forecast period (2010 – 2030). Greater emphasis on upgrading existing pump models to enhance their energy efficiency quotient will mark an important trend in the hydraulic gear pumps market. High manufacturing costs however remain a longstanding challenge limiting the rapid growth of hydraulic gear pumps market, says the FMI study.

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Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the growing outlook of transportation and logistics across the globe. Manufacturers of hydraulic gear pumps thus need to align their product offerings with the changing material handling equipment requisites.

Hydraulic Gear Pumps Market Outlook & Key Findings

• Hydraulic gear pumps market will witness a growth rate of just about 3% in 2021 over that projected for 2020
• In the following decade, these is expected rise in demand for material handling equipment and construction equipment will primarily drive the sales of hydraulic gear pumps
• Increasing demand for low maintenance pump solution from various end users, as hydraulic gear pumps are having relatively high maintenance costs that lead to increasing operating expenses
• Despite high maintenance costs, controllable output and ability to tackle a wide range of viscosities continue to drive preference for hydraulic gear pumps over other pump types
• A majority of market participants are developing long-term agreements and collaborations with OEMs for long-term business opportunities and a competitive advantage in global market.

Hydraulic Gear Pumps Market: Taxonomy

The global hydraulic gear pumps market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Type

• External Gear Pumps
• Internal Gear Pumps

Operating Pressure

• Upto 15 bar
• 15 – 50 bar
• 50 – 150 bar
• 150 – 250 bar
• 250 – 300 bar
• More than 300 bar

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End Use

• Construction Equipment
• Mining Equipment
• Automotive
• Material Handling Equipment
• Off Highway Vehicles
• Processing Industry
  • Chemicals
  • Petrochemicals
  • Oil & Gas Refineries
  • Others
• Other Industrial Machinery and Equipment

Region

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

Increasing Adoption in Agriculture and Forestry Equipment

Agriculture sector is also a significant end user shaping up the market for hydraulic gear pumps. The demand is expected to increase for the agricultural applications. A majority of manufacturers in the global hydraulic gear pumps market are following the trends of manufacturing and providing hydraulic gear pumps specifically for agricultural and farming equipment.

Competitive Landscape Analysis

The hydraulic gear pumps market represents a fairly fragmented market structure, owing to the presence of a large number of hydraulic gear pump suppliers across the globe. Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH remain some of the market leaders, operating with medium to high level global presence. Top 10 market participants in the hydraulic gear pumps landscape currently account for more than 30% revenue share and prefer to concentrate on strategic collaboration agreements with regional leaders in distribution space. New regional distributorships will enable them to gain a competitive advantage while introducing new offerings to newer regional markets.

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Know More About the Report Coverage

The research report analyzes the total sales of Hydraulic Gear Pumps on the basis of volume (Th. units) and value (US$ Mn). The market is projected on the basis of factors such as Rising Construction Spending, Growth in Material Handling Equipment Industry, Increasing Automotive Production and Fleet Scenario, Swelling Demand for Oil & Gas, Consumption of Chemicals, COVID-19 Crisis Impact and Automation in Agricultural Activities. The scope of the research report includes the sales of Hydraulic Gear Pumps used in Construction Equipment, Mining Equipment, Automotive, Material Handling Equipment, Off Highway Vehicles, Processing Industry and Other Industrial Machinery and Equipment. As per our research scope, we have considered the External Gear Pumps and Internal Gear Pumps.

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

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Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study. In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

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Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO₂), and Sulphur dioxide (SO₂) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Key Segment

By Product Type

• Mining Loaders
• Mining Trucks
• Mining Drills
• Mining Bolters
• Mining Shearer
• Continuous Miners
• Mining Excavators & Shovels
• Mining Scalers
• Others

By Mining Technique

• Soft Rock Mining
• Hard Rock Mining

By End Users

• Mining Operators
• Rental Service Provider

By Region

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

Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

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FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

Connected Healthcare Market Overview

According to the latest research by Future Market Insights, Connected healthcare market is set to experience 15.6% growth during the year 2021-2031. Due to need for effective communication.

What is driving Demand for Connected healthcare market?

Growth in the incidence rate of injuries in all age groups is one of the major factors driving the growth of connected healthcare market.  Various activities such as trekking and adventure sports further results in abrasion, minor injuries, multiple cuts and wounds on different body parts. In such cases, elastic bandages are use while the treatment procedure takes place.

Moreover, rising count of road accidents has increased significantly worldwide. These accidents can be considered as fatal or non-fatal injury, some of these non-fatal injuries require speedy application of bandages in order to stop any further damage

For instance, according to Stanford children’s health approx. number of around 3.5 million children’s of around 14 years and below get injured while playing sports or doing any adventurous activity

Elastic Bandages used for upper limbs and lowers is likely to augment connected healthcare market.

For lower limbs, the elastic bandages are used for the treatment of hairline fracture, joint dislocation, cure factures, ankle sprains, orthopaedic procedures, varicose veins, deep cuts, accidental amputations, thigh cramps and muscle pulls. Bandages for lower limbs are majorly used by the athletes and its sales in the market is quite significant during sports season such as Olympics, national games and international games.

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For the purpose of upper limbs, bandages are used widely for the treatment of hairline fractures, joint dislocation, acute injuries and swelling, it further offers support to injured soft tissues. They are widely used in cases of elbow figure eight, hand wrist figure eight along with compression dressings.

U.S. and Canada Connected healthcare market Outlook

U.S. and Canada are expected to have the highest share and therefore will dominate the connected healthcare market. This is due to the increasing orthopaedic injuries, upward trend growth rate in the surgeries and prevalence of chronic wounds are further resulting in the growing usage of elastic bandages along with medical tapes in this region.

Europe Demand Outlook for Veterinary Home Diagnostics

The European market for veterinary home diagnostics is estimated to grow at a considerable rate during the forecast period. This surge in growth is due rising geriatric population with venous diseases in this region. Th growing prevalence of deep vein thrombosis, lymphedema and chronic leg ulcers has further significantly increased the use of elastic bands in this region

Moreover, the presence of various key players in this region along with easy availability of elastic bandages is contributing positively towards the market growth. Furthermore, rising awareness of compression therapy, along with the increasing usages of elastic bandages and expansion of various key players in this region uplifts the market growth of elastic bandages in this region.

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Who are the Key Manufacturers and Suppliers of Veterinary Home Diagnostics?

Some of the key players operating in the Connected healthcare market are

• 3M
• CardinalHealth
• Avcor Health Care
• Tetra Medical Supply Corp
• Patterson Medical
• DJO Global
• Paul Hartmann
• Medtronic
• Kerma Medical Products
• DeRoyal Industries
• BSN Medical Inc
• Alimed
• Anji Chaoqiang Bandage Weaving Factory
• Andover Healthcare
• Anji FangYuan Sanitary Material
• Anji Jixiang
• Zhejiang Dongyang Dongsheng Medical Dressing
• Hubei Joy Bone Medical Products
• GSPmed.

Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and merger, expansion, product launch, etc.

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.

Connected healthcare market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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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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Future Market Insights (FMI) in a new study has presented optimistic outlook for the marine radar market, especially with the advent of next generation solid state radars. The demand is expected to remain consistent through the forecast period, enabling the market register Y-o-Y growth at little above 2% in 2021.

Maritime safety and efficiency is of utmost concern when it comes to merchant marine. Hence the segment dominates in terms of application and position is expected to remain impact through the course of the report’s forecast period. Also, the rising military and naval application to enable market players maintain a strong footing.

According to FMI, X-Band radar holds significant share in the market. It is also used in a wide range of applications including merchant marine, fishing vessels, yacht/recreational and military/ naval. Technology advancement and growing demand for progressive intrusion detection systems are underpinning the market growth. FMI has projected the market’s valuation to reach US$ 971 Mn by the end of 2031.

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Key Takeaways of Marine Radar Market Study

• The global marine radar market is projected to expand at a CAGR of ~2.4% by during the forecast period of 2021-2031
• The U.S. will remain a key pocket for sales, accounting for over 90% of the North America Market based on value in 2021
• Slump in growth is likely in the U.K. following the pandemic outbreak in 2020. FMI projects the market to record -0.5% Y-o-Y growth in 2021. However, recovery is on cards 2022 onwards
• Germany will remain a bright spot for sales in Europe, while negative growth is likely in France as well
• After sluggish return in 2020, sales in both Japan and South Korea market are likely to improve

    “With the increase of naval fleet and quantum of capital investments for navigation and communication systems across regional defence sectors at a healthy rate, the demand of marine radar is expected to be buoyed in wake of the mentioned factor. Furthermore, market is also expected to evolve towards maintenance & services domain for the market participants to extend their business footprint.” says a FMI analyst.

The demand for Marine Radar is expected to grow at moderate rate owing to its increasing consumption in Merchant Marine application. Military Naval is the segment is expected to grow during the forecast period with fastest CAGR. Naval sector plays an important role in structuring command on the marine radar market. China and India are the major target locations for supply of Marine Radar for manufacturers.

Key Segments

Product Type

• X Band Radars
• S Band Radars

Application

• Merchant Marine
• Fishing Vessels
• Yacht/Recreational
• Military/Naval

Region

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

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Who is Winning?

The global marine radar market is equally integrated at global and regional levels. Some of the leading players included in the report are FURUNO ELECTRIC CO., LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Japan Radio Co. Ltd., BAE Systems, JRC (Alphatron Marine), and Garmin, Raytheon Company, Wärtsilä SAM Electronics Gmbh, Transas Marine International AB and others. To gain competitive advantage in the market, market participants are involved in acquisition activities expansion, merger, and expansion with regards to excessive market growth.

Want to Know More?

Future Market Insights has released a Marine Radar market research report providing the 2016-2020 global industry analysis and the 2021-2031 opportunity assessment. The report provides an in-depth analysis of the Marine Radar Market across various segments, namely the type, application and region of the product. The Marine Radar Market study, along with an overview of the parent market, also provides supply and demand trends.

Key Questions Answered in the Report

Which is the most lucrative market for marine radar?

China currently leads the global market for marine radar. China will continue accounting for more than half of the East Asia market for marine radar through the forecast period.

Which type of marine radar is more in demand?

X Band Radars are highly preferred for many applications. The demand for X Band Radars is expected to remain high in the near future, especially due to its increasing use in various applications in merchant marine and fishing vessels.

Which end-use application is exhibiting high demand for marine radar?

Marine radar are widely used in merchant marine applications. Their usage in fishing vessels and yacht/recreational is rising day-by-day.

Which are some of the leading companies providing marine radar?

Some of the leading companies manufacturing marine radar are FURUNO ELECTRIC CO., LTD., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Japan Radio Co. Ltd, etc.

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The global mobile device management market is expected to register a CAGR of 22.9% during the forecast period of 2022 to 2028. North America, SEA & others of APAC and China are expected to account for an approximate market share of 50% by the end of the forecast period.

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Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

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On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

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Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails conveyor belt manufacturing, service, and maintenance.