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Augmented Reality and Virtual Reality Market is expected to register a CAGR of 42.2% between 2017 and 2025

Future Market Insights has recently published a report on “Augmented Reality and Virtual Reality Market – Global Industry Analysis & Forecast, 2017-2025”. The global augmented reality and virtual reality market was valued at US$ 5,176 Mn in 2016 and is expected to register a CAGR of 42.2% between 2017 and 2025. Technology companies, especially, the gaming companies are focusing on increasing investments and are driving the growth of the global Augmented Reality and Virtual Reality market.

Global Augmented Reality and Virtual Reality Market: Overview, Analysis, & Forecast

The global augmented reality and virtual reality market is segmented by device type, technology, end user, application and component. The component segment has been further categorized into hardware, software and services. The hardware segment has been categorized into these sub-segments: display, processor, sensors, user interface ICs, power management ICs and others. The Sensors sub-segment is anticipated to register a CAGR of 50% during the forecast period.

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On the basis of technology, the global augmented reality and virtual reality market has been segmented into augmented reality and virtual reality. The virtual reality segment registered highest market share and was valued at US$ 3,498 Mn in 2016 globally. Further, the adoption rate of AR & VR in gaming is increasing rapidly and is responsible for the growth of the segment in the overall market. However, the virtual reality segment is expected to register a stable CAGR of 40.5% during the forecast period.

On the basis of devices, the global augmented reality and virtual reality segmented into head mounted display, handheld devices, head-up display, smartglasses and others. The head mounted display segment accounted for a CAGR of 44% during the forecast period. Head mounted display segment also accounted for highest market share in 2016 and was valued at US$ 4,156 Mn in 2016 in the overall devices segment.

On the basis of end-user, the global augmented reality and virtual reality market is segmented into consumer and commercial. The commercial segment accounted for a CAGR of 46% during the forecast period. In 2016, the consumer segment accounted for the highest market share and represented a valuation of US$ 3,099 Mn.

On the basis of application, the global augmented reality and virtual reality market is segmented into gaming, media & entertainment, real estate, retail, education, engineering, healthcare and others. The gaming segment accounted for a CAGR of 45% during the forecast period. Gaming segment held the largest market share in 2016 and was valued at US$ 1,997 Mn in 2016.

Key Segments Covered in the Augmented Reality and Virtual Reality Market are :

By Technology Type

Augmented Reality
Virtual Reality

By End-user Type

Commercial
Consumer

By application

Gaming
Media & Entertainment
Real Estate
Education
Retail
Healthcare
Engineering
Others

By Device

Head Mounted Display
Handheld Devices
Head-up display
Smartglasses
Others

By Component

Hardware
- Display
- Processor
- Sensors
- User interface ICs
- Power Management ICs
- Others
Software
Services

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The report also covers trends driving each segment and offers analysis and insights regarding the potential of Augmented Reality and Virtual Reality market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest market share in 2016 owing to the increasing adoption of AR & VR in gaming in countries, such as the U.S. and Canada. Countries, such as GCC, China and Japan, in Asia Pacific region offer greater potential, which will drive the growth of the global augmented reality and virtual reality market in the region. MEA and Asia pacific region is expected to register healthy CAGR during the forecast period.

Key competitors in the Augmented Reality and Virtual Reality market are Vuzix Corporation, Samsung Electronics Co. Ltd, Microsoft Corporation, Google Inc., EON Reality Inc., Oculus VR, LLC, Magic Leap, Inc., DAQRI LLC, Blippar.Com Limited and Osterhout Design Group, Inc. (ODG).

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.

Energy Management System Market is expected to register a CAGR of 14.8% by 2025

According to a recent market report published by Future Market Insights titled, “Energy Management System Market – Global Industry Analysis 2012 – 2016 & Opportunity Assessment, 2017 – 2025”, the global energy management system market was valued at US$ 6340 Mn in 2016, and is expected to register a CAGR of 14.8% from 2017 to 2025. The increasing demand for energy management solutions in the commercial sectors, augmented energy prices, continuous increase in regulatory obligations and industry guidelines, strengthening company brand value and reputation, and vendors capitalizing on adoption of emerging technologies such as mobility, cloud, big data, are the major factors expected to drive the growth of the global energy management system market.

The energy management system measures and reviews the results of energy efficiency improvements. The energy management system helps to structure energy policy of the company, which supports the development of an energy policy and contributes to the structure of an energy plan to achieve targets. The energy management system also facilitates engagement (commitment and agreement) of management and has a positive contribution towards the energy targets. All the resource-intensive industries utilize significant amount of raw materials, water and energy resources, thus leading to a large amount of solid waste, effluents, and emissions. These industries are often subject to numerous global and local regulations, along with several plant level geography compliance. In order to comply with these stringent regulations, enterprises are adopting energy management system and are employing various methodologies, such as product lifecycle assessments, carbon & energy footprint analysis, and devising processes to ensure a sustainable and eco-friendly supply chain, to cater to these requirements.

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The energy management system creates awareness and a commitment about energy, i.e., consumption, use, efficiency, renewable sources within the organization. The energy management system improves the ability of organizations to manage energy risks and their possible impacts in an efficient way, and strengthens the competitiveness of organizations and reduces their vulnerability with respect to energy price fluctuation and availability of energy.

The global energy management system market is categorized on the basis of deployment, vertical and software. On the basis of deployment, the market is segmented into on-premise and cloud-based. The on-premise sub-segment was valued US$ 3,931.8 Mn in 2016. However, the cloud-based sub-segment is projected to register a high CAGR of 18.9% during the forecast period.

On the basis of vertical, the global energy management system market is segmented into automotive, building automation, oil & gas, manufacturing, pharmaceutical, utilities & energy and others. The oil & gas sub-segment accounted a high market share and was valued at US$ 1,727.7 Mn in 2016. However, the building automation sub-segment is expected to register a healthy CAGR of 17.3% during the forecast period.

On the basis of software, the global energy management system market is segmented into utility energy management, industrial energy management, enterprise carbon and energy management, and residential energy management. Enterprise carbon and energy management segment accounted a high market share and was valued at US$ 2,257.0 Mn in 2016 and registered a CAGR of 17.0%.

The report analyses the trends driving each segment and offers analysis and insights regarding the potential of the energy management system market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted a large share of 38.3% in the global energy management system market in 2016. Asia Pacific is expected to have a high CAGR of 17.2% during the forecast period.

Examples of some of the key competitors in the energy management system market are International Business Machines Corporation, C.A Technologies, Schneider Electric SE, Eaton Corporation PLC, Cisco Systems, Inc., Siemens AG, Honeywell International, Inc., Asea Brown Boveri (ABB) Ltd., General Electric Company, and Emerson Electric Co.

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Continuous increase in regulatory obligations and industry guidelines one of the major driver

All the resource-intensive industries utilize significant amount of raw materials, water and energy resources, thus leading to a large amount of solid waste, effluents, and emissions. These industries are often subject to numerous global and local regulations, along with several plant level geography compliance.
In order to comply with these stringent regulations, enterprises are adopting energy management solutions and are employing various methodologies, such as product lifecycle assessments, carbon & energy footprint analysis, and devising processes to ensure a sustainable and eco-friendly supply chain, to cater to these requirements.
With environmental and energy sustainability becoming a global concern, there is an upsurge in the number of investors, customers, and suppliers who consider energy management system as a key factor in taking decisions about their relationship with manufacturers.
Therefore, enterprises are engaging in developing sustainability goals, and are investing significantly into energy management solutions, to strengthen their brand value and reputation.
Moreover, these enterprises try to avoid failing to resonate with what their major stakeholders feel is important, as this will adversely impact their brands and ultimately the business.

About FMI

anamikaJanuary 7, 2022

IP Multimedia Subsystem (IMS) Market anticipated to grow at a CAGR of 15% by 2026

Future Market Insights (FMI) recently published a report on the global market for IP multimedia subsystem, findings from which assert that the market will surge at an impressive pace over the forecast period (2016-2026). Demand for IP multimedia subsystem is anticipated to grow at a pronounce rate and bring in US$ 50,347.4 Mn in revenues by 2026-end, reflecting a CAGR of 15% during the forecast period. Increasing use of shared service infrastructure is cited as a key factor propelling growth of the global IP multimedia subsystem market. In addition, interworking with Internet and support for quality of service is also likely to drive the demand for IP multimedia subsystem in the near future.

As per the FMI report, the global market for IP multimedia subsystem is expected to represent an incremental opportunity of US$ 37,927.6 Mn between 2016 and 2026. The market is anticipated to witness overwhelming growth owing to the increasing usage of services such as instant messaging, multimedia, and conferencing. Moreover, enterprises are now using IP multimedia subsystem to communicate with other business clients in real-time. IP multimedia subsystems enable service expansion, especially in multimedia communication and integrated voice services. This helps in collaboration of multiple media, multiple points of access and multiple modes of communication into a single network, which is why a large number of network operators are adopting IMS services. Mitel Networks Corporation, Cirpack SAS, Italtel S.p.A, Cisco Systems, Inc., Huawei Technologies Co. Ltd., Du, IBM Corporation, ZTE Corporation, Etisalat, Ericsson Inc., Nokia Corporation, MTN Irancell Telecommunication Services Company are recognised as top companies providing IP multimedia subsystem solutions.

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Key Highlights of the Report include:

In 2016, revenues from the sale of mobile/wireless mode IP multimedia subsystem stood at US$ 8,687.9 Mn and is expected to reach US$ 40,931.3 Mn towards the end of the forecast period representing a CAGR of 20.8%. Consumers and enterprises are increasingly adopting IP multimedia subsystem solutions due to increasing usage of wireless phones, laptops and other wireless devices.
Application of IP multimedia subsystem in Internet and web service is expected to garner US$ 14,579.8 Mn in revenues by the end of the assessment period, reflecting a CAGR of 17.2% over 2026. This is attributed to the robust use of internet and web-based services for managing online business applications, VoIP applications, VoLTE applications and others Internet-based communication. Meanwhile, use of IP multimedia subsystem in VoIP is also increasing owing to the growing popularity of video and voice-based communication.
By the end of 2026, US$ 28,283.7 Mn worth IP multimedia subsystems are expected to be sold globally to end-user consumers. Consumers are rapidly adopting IP multimedia subsystem services owing increasing adoption of social media platforms for social and personal communication.

ip multimedia subsystem market

Market Taxonomy

By Mode of Communication

Mobile/Wireless
Cable/Wireline

By End User

Consumer
Enterprise

By Application

Internet & Web Service
VoIP
SMS
Video Conferencing
Video on Demand
Others

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Among regions, the market for IP multimedia subsystems in North America is expected to remain dominant throughout the forecast period. In 2016, the region’s market reached a valuation of US$ 3,318.2 Mn, with 26.7% revenue share. APEJ is also expected to witness a robust growth of its IP multimedia subsystems market, increasing at an attractive CAGR of 18.5 % during the forecast period.

Key Questions Answered in the Report

What is the outlook of the global IP multimedia subsystem market?

The global IP multimedia subsystem market is expected to grow from almost US$ 14.3 billion in 2017 to nearly US$ 50.4 billion by 2026, with 15% CAGR.

2. Which are some market players in the global IP Multimedia Subsystem?

Ericsson (Sweden), Huawei (China), NEC (Japan), Nokia (Finland), ZTE (China), Athonet (Italy), Cirpack (France), Cisco (US), CommVerge Solutions (China) are some prominent IP multimedia subsystem manufacturers

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Embedded Security For Internet Of Things Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2027

The global embedded security for internet of things Market held US$ 2,525 Mn in 2017 and is projected to secure almost US$ 11,125 Mn by the end of 2027.

The controller chip sector of the global embedded security for Internet of Things (IoT) market is expected to increase at a CAGR of 14.7% between 2017 and 2027.

In 2017, the controller chip category is expected to be worth US$ 2,300 Mn accounting for more than 80% of global market revenue.

The controller chip segment is predicted to stay dominating during the forecast period. Between 2017 and 2027, it is expected to generate about US$ 6,800 Mn in additional revenue.

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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.

embedded security for internet of things Market

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.

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

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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.

Key Questions Answered in the Report

What is the outlook of the global embedded security for Internet of Things (IoT) market?

Global embedded security for internet of things (IoT) market was estimated to account for US$ 2,525 Mn in 2017 and is expected to grow at a CAGR of 15.9% by 2027.

2. Which are key players in the embedded security for Internet of things?

Cisco Systems, Inc., Infineon Technologies AG, NXP Semiconductors N.V., and Samsung Electronics Co., Ltd. are some prominent embedded security for IoT service providers

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Transportation Predictive Analytics and Simulation Market Set for Rapid Expansion during Forecast Period 2021-2027

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.

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

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.

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.

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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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.

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Growing Applications in Electronics and Semiconductor Production Drives Developments in Hydrofluoric Acid Market: New Study

Increasing demand for high-octane gasoline, fluorine compounds, and electronics is expected to aid the growing demand for hydrofluoric acid. According to a new study by Future Market Insights (FMI), the market for hydrofluoric acid is set to rise sluggishly with a CAGR of less than 3% through the end of the projection period in 2031.

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The global requirement for hydrofluoric acids has grown steadily owing to wide scope of applications for refrigerant compounds in multiple sectors. Strict government regulations associated with the environmental impacts of fluorocarbons will influence long-term demand. In metal sector operations, hydrofluoric acid also finds roles in the processing and production of aluminum products for automotive and packaging sectors.

Hydrofluoric acid is also used in the chemical processing sector in multiple roles including as etching agents, cleaning agents, and for the production of fluorides such as sodium fluoride, cryolite, and aluminum trifluoride, in addition to fluorocarbons, fluoropolymers, freons, and more. Hydrofluoric acid is also gaining attention as a precursor to niche drugs, a key factor which indicates regular demand from the global pharmaceutical industry.

The growing demand for hydrofluoric acids, particularly from emerging economies will influence the direction of the market. On the other hand, the high concentration of fluorspar in China unbalances production capabilities. In addition, health and environmental concerns are also issues holding back growth. With further restraints on end user industries, during the covid-19 pandemic, demand is likely to recover gradually through 2021.

Key Takeaways of Hydrofluoric Acid Market Study

Hydrofluoric acid sales to increase at 2.9% CAGR through the assessment period.
The dominant fluorochemical applications of hydrofluoric acid, are likely to decline in the near future owing to stringent regulations associated with climate change.
Continuing demand for fluorochemicals the metal industry allows Germany to register a relatively higher growth rate.
United States market is projected to face major challenges owing to strict environment protection regulations.
China will remain a dominant market, owing to easy availability and restrictions on imports associated with key raw materials.

“The consumption of hydrofluoric acid in the production of fluorinated derivatives is growing rapidly. Other niche applications including pharmaceuticals production, glass etching and cleaning, metal pickling, uranium fuel production, and oil refining will continue to support sales, even as manufacturers eke out new strategies to sustain growth through ever-restricting environmental regulations,” says an FMI analyst.

Fluorspar Constraints Influence Market Developments

According to FMI, the unbalanced state of global fluorspar supplies, has pushed hydrofluoric acid manufacturers to focus on the development of alternative production avenues to reduced the gap in raw material supples.

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The use of fluorosilicic acid has been gaining traction in the industry. The material is produced through reactions between sulfuric acid and phosphate rock with silicates. It is being viewed as a commercially feasible alternative to fluorspar supplies.

Currently, the use of fluorosilicic acid for the production of hydrofluoric acid is still in a nascent stage. However, an increasing number of manufacturers are expected to adopt the technology over the coming decade. The major advantage of this method is the significant reduction in production costs, resulting in a substantial rise in profit margins for the foreseeable future.

Who is Winning?

The global hydrofluoric acid market can be considered as moderately consolidated, with a few leading players accounting for a major share of the overall hydrofluoric acid production. Manufacturers are increasingly focused on investments into research and development aimed towards product development with a focus on environment protection.

Key market participants including Gulf Fluor, Laxness AG, Solvay SA, Honeywell International, Buss ChemTech AG, Sinochem International Corp., Tanfac Industries Ltd., Fubao Group, Navin Fluorine International Limited, Merck KGaA, SRF Limited, Gujarat Fluorochemicals Ltd., Stella Chemifa Corporation, Morita Chemical Industries Co. Ltd., and Soulbrain Co., Ltd. amongst others are also focusing on consolidating their presence in the global market by diversifying supplies and distribution channels, dealing with the fallout of the covid-19 pandemic.

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Want to Know More?

Future Market Insights has published a market research report on the hydrofluoric acid market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the hydrofluoric acid market through three different segments- grade, application, and region. The hydrofluoric acid market report further provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market along with a detailed overview of the parent market.

Rugged Thermal Cameras Market 2021 Growth, COVID Impact, Trends Analysis Report 2030

Global sales of rugged thermal cameras market are anticipated to exhibit a CAGR of 9.5% during the forecast period, 2020-2030. 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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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.

Rugged Thermal Camera Market By Technology

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 2015-2019 and forecast statistics from 2020-2030. 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.

RUGGED THERMAL CAMERAS MARKET TAXONOMY

The global rugged thermal camera market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Technology

Cooled Thermal Cameras
Uncooled Thermal Cameras

Application

Security & Surveillance
Monitoring & Inspection
Detection & Measurement
Others

End User

Government
Industrial
Commercial
Residential

Region

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

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KEY RESEARCH FINDINGS

The global rugged thermal cameras will exceed its US$ 2 Bn in 2024.
Cooled thermal cameras remain highly preferable; uncooled thermal cameras to falter markedly.
Market players eye security and surveillance for meaningful business returns.
Government sector continue to be primary end user of rugged thermal cameras.
North America remains in the vanguard; Asia Pacific (APAC) to offer potential growth avenues.

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Barite Market Experiencing a Slowdown amid COVID-19 Outbreak; Untapped Opportunities in Medical Industry Indicate High-potential Investment Pockets: FMI

Drilling mud applications are expected to account for substantial revenues amongst all applications, in the global barite market. Untapped opportunities in the medical industry are also generating incremental opportunities for manufacturers. Barite would experience steady demand growth in paints and plastics industries, as it is widely utilized to control the viscosity and add brightness to end products. Global barite market will cross the US$ 2 Bn mark by the end of 2030. Expansion of the automotive industry is creating revenue streams for manufacturers due to growing demand for brake pads and clutches for cars, as indicated by a new Future Market Insights (FMI) report.

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Key companies in the barite market are set to experience disruptions in supply chains owing to recent developments related to coronavirus crisis. Manufacturers are accelerating efforts to join the fight against COVID-19 pandemic by taking a step forward to donate barite cement for the construction of hospital radiotherapy bunker where coronavirus treatments are carried out.

Key Takeaways of Barite Market Study

Innovative approaches in determination of normal and abnormal anatomy of the gastrointestinal tract with the help of high-purity barite holds promising business potentials.
Barite is being extensively used as a weighted filler in paper, textile and rubber production.
Manufacturers are focusing on construction sector where barite is mixed with cement to make special containers used to store radioactive materials.
North America being the frontrunner in terms of revenue amongst all regions has created opportunities for manufacturers to comply with the regulations of the American Petroleum Institute to innovate in weighting agents for oil & gas industry.

Demand for weighting agents in the ever-increasing oil & gas industry are creating a stable business ground for manufacturers. Untapped opportunities in construction industry owing to demand for high density cement is fueling market growth.

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Lucrative Opportunities in Paints & Coatings

Companies in the barite market are increasing their production capabilities to manufacture paint-grade barite powder. This has deployed ease in handling and beneficial in transportation activities. High whiteness, low impurity and excellent dispersibility are key imperatives that are highly preferred in paint-grade barite powder. Latex paints, coatings and pigments amongst others are fueling demand for barite powder. Increasing number of powder coatings applications in households and other interior applications are generating value-grab opportunities for manufacturers.

Demand for Weighting Materials in Petroleum Industry to Bolster Market Growth

Fine grinding applications are catalyzing the demand for barium sulfate, owing to its high density and chemical inertness. An overwhelming majority of barite is being pervasively used in the petroleum industry as a weighting agent in the formulation of drilling mud. As such, the revenue if drilling mud applications is predicted to climb high growth from US$ 1 Bn in 2019 to US$ 1.4 Bn by the end of 2030. Commercial deposits of barite are primarily found in the U.S., China, India and Morocco.

Manufacturers Prepare for Volatile Demand Amidst COVID-19 Pandemic

Employee and worker safety amidst the coronavirus crisis has become the first priority of companies in the barite market. Hence, manufacturers have adopted telecommunication to support remotely via phones, Skype and VPN amongst other communication platforms. Global economic turbulences are anticipated to affect the barite market. Manufacturers are increasing efforts to devise contingency plans to address the uncertainty associated with lockdown relaxations in the upcoming months.

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Nutricosmetics Market steady growth over the forecast period 2020-2030 with a CAGR of above 8%

Nutricosmetics are expected to see a boost in the growth owing to innovative product launches according to a recent report published by Future Market Insights (FMI). These new launches are focusing on including the product in the diet of the consumers easier and more attractive than before.

The market is expected to grow at CAGR of above 8% by the end of forecast period 2020-2030 according to FMI.

Companies are coming together and getting into partnerships in order to provide innovative products which appeal to the consumer. Additionally, innovations in the functionality of the products is another key focus for manufacturers and consumers alike.

The role of nutrition is much clearer than before and people are becoming more aware of the products and its contents making an impact on their bodies. Thus more consumers are looking for products with nontoxic, natural and organic ingredients and scientific evidence to take care of their bodies.

For instance, a popular skin care brand by the name Ceramiracle has come up with an innovative approach for its products. The company owns a café which offers a variety of custom blended organic teas, rich in antioxidants and collagen boosting compounds.

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Key Takeaways

Companies are focusing on premium products as penetration and accessibility is higher compared to mass products.
Physical channels of sales such as specialty stores, departmental stores, and other convenience stores for the highest value share in the nutricosmetics market.
Online sales are expected to expand at the highest CAGR during over the forecast period.
North America is expected to hold the largest value share in the global nutricosmetics market.
Demand for mid-range nutritcosmetics is forecast to be higher
While hair and nail care segment dominates in terms primary function, multi-functional nutricosmetics will surpass in the near future

“Players in the global nutricosmetics market are focusing on creating awareness about the benefits of their products to the masses, along with bringing affordable and accessible products in order to explore the market potential,” says an FMI analyst.

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COIVD-19 Impact

Recent outbreak of Covid 19 pandemic has disrupted life in more than one way. The lockdowns implemented by governments across the world to curb the spread of the disease further has impacted supply chains, production and every other aspect of business. It has brought challenges to the entire global business community.

Nutricosmetics industry is also impacted by the imposing of lockdown worldwide. Production is hampered as transport is disrupted resulting in lack of raw materials. Also, consumers are vary of spending on things that are not absolutely essential for survival.

As the things are getting back on track, the industry is expected to get back to normal within a short time.

Who is winning?

Companies in the global nutricosmetics market are focusing on new product launches with innovative functionalities to appeal to the consumers. Also, in order to expand their footprint, companies are targeting regions in East and South Asia where the consumer is getting health conscious and also the disposable income is increasing.

For instance, single product with multiple benefits was launched by Amway when it came up with their protein powder. They marketed the product in such a way that it hit the multiple sections of consumers who were looking for weight loss, skin care, radiance and glow, weight management and many other benefits.

Some of the key players operating in the Nutricosmetics market are Pfizer Inc., Herbalife Nutrition Ltd., Amway Corporation, Phyto Botanical Power, Viviscal Limited, Everest NeoCell LLC, Amazing Nutrition, 21st Century HealthCare, Inc., Nature’s Bounty, Nutrawise health & beauty corporation, PureLogical International, Ivy Bears, Vitabiotics Ltd., MartiDerm, Shiseido Co. Ltd., H&H Group, Origo Cosmecuticals Pvt. Ltd., and among others.

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To Know More about Nutricosmetics Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global Nutricosmetics market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the nutricosmetics market based on the product type (supplements, and beauty beverages/drinks), primary function (skin care, sun care, anti-aging, radiance & glow, anti-acne/pimple, hair & nail care, weight management, and multi-functional), price range (economy, mid-range, and premium), distribution channel (hypermarkets/supermarkets, convenience stores, specialty stores, direct selling, departmental stores, e-Commerce, and other retail formats) across seven major regions.

Protective Clothing Market | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2030

Work related injuries and deaths, tight government policy and new product development are the primary factors for protective clothing market. Protective clothing are expected to provide protection against flames, chemicals, biological agents, punctures, insects, rain, cold, ultraviolet (UV) radiation and extreme heat etc. Few notable developments are super repellent coatings, electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic (inspired by nature) materials. Research investment in areas like nanotechnology and intelligent materials lead to new technologies which brings advance & new protective clothing in the market.

On the back of these factors, the global protective clothing market is estimated to cross US$ 9 Bn in 2020 and is anticipated to expand more than 6% CAGR during the forecast period of 2020-2030.

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Outbreak of Covid-19 Disease Surge in Demand for Protective Clothing across the Globe

The outbreak of Covid-19 pandemic which had started in China, now spread all over the world. As of 7^th April, 2020, the total positive cases recorded were 1.4 Mn and 81,049 total number of deaths. It has effected more than 209 countries and territories so far. Apart from some essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The pandemic has raised a sudden need of protective clothing among doctors, nurses, and other health care professionals.

The use of coverall and lab coats are in high demand for medical professional, lab testers etc. Companies are facing enormous demand for protective clothing, and as a result, companies are currently expanding their production capacity to meet growing market demand. Lakeland Industries Inc., DuPont, have expanded their production capacity of protective clothing. Many other companies also started production of protective clothing to meet the domestic and global demand to fight against Covid-19.

Key Takeaways from the Protective Clothing Market Study

East Asia is expected to dominate the global protective clothing market owing to rise in demand for protective clothing in hospitals to eliminate spread of disease and treat coronavirus patients coupled with significant presence of prominent companies in China and Japan. Moreover, large number of low cost labour base and availability of raw material in East Asia are also the factors for the growth of protective clothing market in the region.
According to FMI, coverall segment are expected to see higher sales than its counterpart such as vest, jackets, aprons etc. Growing need for protection in chemical and manufacturing sector and healthcare industries have propelled the sales of coverall.
Non-Woven material are mostly used in protective clothing market. It is expected to hold the largest share during the forecast. Advancement in Nano technology and materials such as electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic materials are expected to see a robust growth during the forecast.
Manufacturing sector holds the largest share in the global protective clothing market. However, healthcare sector is expected to grow at significant CAGR owing to high demand for coverall, lab coats, and medical grown. Moreover, ongoing coronavirus pandemic has increased an enormous demand for protective clothing across the globe.

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Manufacturing Capacity Expansion To Increase Product Supply

Currently, the organizations in the market are focused on expanding their manufacturing base to fulfil the rising demand. The WHO (World Health Organization) has urged the governments of countries to work with companies in order to increase the production of necessary medical and healthcare protection clothing and equipment supplies in view of the global pandemic outbreak. A well-established company DuPont has increased its production of Tyvek hazmat suits which is important to protect the doctors and nurses fighting the pandemic in the frontline.

“Due to the ongoing pandemic, the demand for protective clothing has reached to a new level, especially for doctors and nurses. Companies are increasing its production capacity. Many companies from other sectors are switching their production lines to fight COVID-19 such as Arvind Mills are currently producing protective coveralls and masks to ensure adequate supply in the market” says an FMI analyst.

Some of the key players operating in the protective clothing market are 3M Company, Ansell Limited, Kimberly Clark Corp., Teijin Limited, Sioen Industries, Lakeland Industries, Inc., W. L. Gore & Associates, Workrite Uniform Company, Inc., Cetriko, Lakeland Industries, Inc.,Ballyclare Limited, Glen Raven, DuPont and others.

Who is winning?

Several leading companies are expanding their production capacity. Extensive R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of protective clothing.

In March 2020, Lakeland Industries Inc. has expanded its manufacturing capacity by 30% to support market for the requirement of protective clothing.
In 2018, Radians, a manufactures industrial protective clothing had acquired Neese Industries, Inc. to increase its production capability.

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Get Valuable Insights into Protective Clothing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global protective clothing market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The protective clothing study reveals compelling insights on the protective clothing market on the basis of product type (coverall, vest, jacket, apron, others), material type (non-woven, woven, knit), end use industry (manufacturing, oil & gas, healthcare, others), demographics (men, women), and sales channel (offline, online) across all regions.