3D Scanners Market is Expected to Reach a High Valuation of USD 9.65 Billion by 2030 | Future Market Insights, Inc.

The 3D scanners market is projected to reach USD 9.65 Billion by 2030, at a CAGR of 14.5% between 2022 and 2030. 3D scanners have been witnessing huge adoption for commercial use cases.

In addition, the flexibility of 3D scanning technology to be customized as per professional requirements in several industries has boosted its adoption across prominent end-use industries. Case in point, in the healthcare sector, 3D scanners are leveraged to model body organs in three dimensions, which are utilized to create prosthetics.

The coronavirus (COVID-19) pandemic has hit the profit margins of electronics manufacturers, globally. As such, players in the 3D scanners market are confronting raw material shortages with weeks of delays, on average. Further, manufacturing and automotive industries are key revenue creators for the 3D scanners market, and the pandemic has severely affected these industries too.

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Consequently, the 3D scanners market would witness a notable drop in demand from these industries. A majority of manufacturers are forecasting a decline in sales over the first two quarters of 2020, and over 60% of players are projecting business operations to recover by October 2022.

Key Takeaways from the 3D Scanners Market Report:

  • 3D scanners/hardware will continue to hold the leading market share over the following decade.
  • Among all the services, 3D design and modeling services are expected to expand at the highest CAGR over the coming years.
  • Market players continue to capitalize on portable/handheld 3D scanners, while robot-mount 3D scanners offer potential value-capture opportunities.
  • Short-range (less than 1m) 3D scanners would capture a prominent revenue share; long-range (more than 300.1m) 3D scanners to witness adoption upsurge in the coming years.
  • Healthcare and manufacturing industries would remain the key end users of 3D scanners; the latter to show the most worthwhile prospects in the near term.
  • North America continues to engage market players; in East Asia to offer potential growth avenues.

Increasing Usage of 3D Laser Scanners in Collision Detection to Drive Market:

3D scanners are used in collision avoidance as well as in-vehicle navigation applications. These scanners come with features such as high accuracy of recorded measurements, making 3D scanners immensely useful for use cases, including reconstruction and collision detection.

Furthermore, handheld 3D scanners are utilized to record the interiors of damaged vehicles, allowing internal damages to be recorded, measured, and analyzed. As such, 3D scanners tick all the boxes of safety, speed, and flexibility, to offer complete collision detection as well as reduce the impact of traffic flow.

Leading Key Players:

  • Hexagon AB
  • Faro Technologies Inc.
  • Nikon Metrology NV
  • Topcon Corporation
  • Trimble Inc.
  • Creaform, Inc.
  • Perceptron Inc.
  • GOM MBH
  • Konica Minolta
  • Maptek Pty Ltd

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More Valuable Insights on the 3D scanners Market:

In its latest report, Future Market Insights offers an unbiased analysis of the global 3D scanners market, providing historical data for the period of 2015-2021 and forecast statistics from 2022 to 2030.

To understand the opportunities in the 3D scanners market, the market is segmented based on component (3D scanners/hardware, 3D scanning software, services), type (portable/handheld, desktop-based, fixed-mount, robot-mount), range (short range, medium range, long-range), and end-user (automotive, aerospace & defense, civil & architecture, healthcare, education, manufacturing, media & entertainment, others), across six major regions.

3D Scanners Market Segmentation:

By Component:

  • 3D Scanners /Hardware
    • Laser 3D Scanners
    • Optical 3D Scanners
    • Structured-light 3D Scanners
  • 3D Scanning Software
  • Services
    • 3D Design & Modelling
    • Integration & Deployment
    • Consulting
    • Support & Maintenance

By Type:

  • Portable/Handheld 3D Scanners
  • Desktop-based 3D Scanners
  • Fixed-mount 3D Scanners
  • Robot-mount 3D Scanners

By Range:

  • Short Range (Less than 1m) 3D Scanners
  • Medium Range (1.1m to 300m) 3D Scanners
  • Long Range (More than 300m) 3D Scanners

By End User:

  • Automotive
  • Aerospace & Defense
  • Civil and Architecture
  • Healthcare
  • Education
  • Manufacturing
  • Media & Entertainment
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Advanced Distribution Management Systems Market is Growing at a Strong CAGR of 20.0% by 2029 | FMI

The advanced distribution management systems market is predicted to reach USD 12,102 Million by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.

These systems supply situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly switching network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

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Key Takeaways from the Advanced Distribution Management Systems Market Report:

  • The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
  • Among all the applications, fault location and isolation & service restoration are estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
  • Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost-effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth:

The world is witnessing an increase in the transmission, generation, and distribution of energy. With growth in the energy sector, the electricity demand is increasing at a rapid pace. In 2021, the global electricity demand increased by 4% to more than 23,000 TWh.

Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested USD 44.9 Billion in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

Leading Key Players:

  • Schneider Electric
  • ABB Corporation
  • Capgemini SE
  • GE Digital
  • Oracle Corporation
  • Siemens AG
  • Tata Power DDL
  • Open Systems International
  • Survalent Technology Corporation
  • DNV GL
  • Etap
  • Axxiom
  • Grid Bright
  • Alstom
  • S&C Electric Company
  • Advanced Control Systems
  • Hitachi
  • Anterix
  • Hexagon Safety & Infrastructure

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Advanced Distribution Management Systems Market Segmentation:

By Solution :

  • ADMS Platforms
  • Services
    • Support &Maintenance Services
    • Consulting
    • Integration & Implementation

By Application :

  • Supervisory Control & Data Acquisition
  • Distribution Management Systems
  • Outage Management Systems
  • Distributed Energy Resource Management Systems
  • Geospatial Information Systems
  • Fault Location and Isolation & Service Restoration

By Industry :

  • Transportation & logistics
  • Energy & Utilities
  • Oil & Gas
  • Manufacturing
  • Others

By Region :

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Secure Web Gateway Market | In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2029

A Secure Web Gateway (SWG) Market is a type of security solution that is used to protect an organization’s network from online threats such as malware, phishing, and other types of cyber attacks. The Secure Web Gateway market is a growing market, with an increasing number of organizations looking to protect their networks from these types of threats. The market includes a variety of vendors offering SWG solutions, with different features and capabilities.

These solutions can be deployed on-premises or in the cloud, and are often used in conjunction with other security solutions such as firewalls, intrusion detection and prevention systems, and antivirus software. The market is expected to continue to grow as organizations increasingly rely on the Internet for business operations and the need for advanced security solutions increases.

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Software-as-a-service (SaaS) apps are becoming widespread in businesses of all sizes and sectors, and as a result, security control is moving to the cloud. As a result, there have been substantial advancements made in secure web gateway systems to manage bandwidth usage, restrict web traffic, and shield consumers from online risks.

SWG solutions presently have a higher revenue share (2/3) than services in the secure web gateway industry, but the demand for the former is expected to skyrocket in the near future. The vast majority of businesses today still require Internet access, thus market participants are focusing more on their services to stay current.

Which companies are leading the secure web gateway market?

Key players in the global secure web gateway market include

  • Symantec,
  • Forcepoint,
  • Cisco Umbrella,
  • Zscaler, Inc.,
  • McAfee, LLC,
  • Trend Micro Incorporated,
  • Sophos Ltd.,
  • Barracuda Networks, Inc., and
  • Webroot Inc.

Secure Web Gateway Market – Key Highlights

  • As Latin America exhibits a CAGR of 24%, this region is expected to overtake North America by 2026.
  • On the basis of industry segmentation, BFSI accounts for almost 1/5 of global adoption of SWG.
  • Market vendors have shifted their focus to URL filtering, malware defense, and tunnelling options.
  • On the basis of region, Europe has taken the spotlight with Western Europe being at the top.

Secure Web Gateway Market – Driving Factors

  • Wide applications and adoption of secure web gateway in e-commerce and retails industries is driving the market.
  • Network designing and integration services is gaining pace in the developing economies and contributing to the economy.
  • MEA is set to provide series of opportunities and is said to be the most lucrative of all.
  • As the financial and industrial sectors are digitalizing themselves by adopting SWG, this market is growing at a considerable rate.

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Secure Web Gateway Market: Segmentations

The global secure web gateway market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Component

  • Solutions
  • SWG Hardware Appliances
  • SWG Virtual Appliances
  • Services
  • Professional Services
  • Security Consulting
  • Technical Support
  • Network Designing and Integration
  • Managed Services

Deployment

  • Cloud
  • On-premise

Enterprise Size

  • SMEs
  • Large Enterprises

Industry

  • BFSI
  • Government and Defence
  • Healthcare
  • IT and Telecom
  • Retail and e-Commerce
  • Energy and Utilities
  • Manufacturing
  • Others

Region

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Commodity Plastic Market Projected to Reach USD 1170 Billion by 2034 with a CAGR of 6.7%

Commodity Plastic Market Trends
Commodity Plastic Market Trends

The global commodity plastic market is anticipated to witness substantial growth, with projections indicating a value of USD 610.1 billion by 2024, and a remarkable surge to USD 1170 billion by 2034. This forecast suggests a compound annual growth rate (CAGR) of approximately 6.7% over the decade. Such expansion underscores the increasing demand for plastic materials across various industries worldwide, reflecting a significant market trajectory driven by evolving consumer needs, technological advancements, and industrial applications.

As emerging nations become more urbanized, there will be a surging demand for high-demand plastics, particularly from the infrastructure, consumer goods, and construction industries. The growing middle class is expected to increase the demand for packaged goods, including food, drink, and household goods packed in generic plastic.

It is anticipated that continued developments in material science, manufacturing techniques, and package designs will drive the development of new commodity plastic varieties. The increasing trend of contemporary consumers buying online is expected to propel the demand for both regular and bulk plastics.

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Demand is expected to be driven by businesses’ continued preference toward environmentally friendly substitutes for traditional mainstream plastics, such as recycled materials, biodegradable polymers, and bio-based plastics. Leading companies’ attention to the creation of a circular economy is anticipated to spur improvements in material recovery, recycling techniques, and waste management procedures.

It is anticipated that increased awareness of plastic pollution and the implementation of strict regulations to reduce it in a number of nations would spur innovation in the commodity plastic sector. Interactive consumer interaction, shelf life extension, and tamper-evident solutions are expected to be made possible by the incorporation of functional additives, active substances, and innovative technologies into commodity plastic packaging solutions.

Key Takeaways from the Commodity Plastic Market Report-

  • South Korea is set to lead the commodity plastic market by showcasing a CAGR of 8.0% in the forecast period.
  • Japan’s commodity plastic industry is projected to witness a CAGR of 7.7% in the evaluation period.
  • The United States is expected to reach a valuation of US$ 210.1 billion by 2034.
  • Based on type, the polyethylene (PE) segment is anticipated to witness a CAGR of 6.5% from 2024 to 2034.
  • In terms of the end-use industry, the packaging segment is predicted to showcase a CAGR of around 6.4% in the estimated period.

“The need for commodity plastic manufacturing is expected to rise in emerging countries due to the ever-expanding e-commerce sector, which mostly uses plastics for packaging and shipping. Countries with well-established automobile sectors are set to witness new opportunities as manufacturers frequently employ commodity plastics to create lightweight exterior and interior elements that increase fuel efficiency.” – says Analyst at Future Market Insights, Inc.

Competitive Landscape

In order to meet the increasing demand from contemporary customers, leading enterprises in the commodity plastic market are concentrating on offering creative plastic packaging solutions. Large sums of money are being spent on research & development in an effort to find innovative packaging that complies with regulations and helps lessen plastic pollution. A few other businesses are attempting to increase their market share in the antibacterial commodity plastic industry.

Key Companies Profiled in the Commodity Plastic Market Report

  • LG CHEM
  • INEOS
  • LYONDELLBASELL
  • SUMITOMO CHEMICAL
  • SABIC

For instance,

  • In November 2023, Reusable Plastic Containers (RPCs) designed especially for banana packing were introduced in partnership with Arena Packing by Fresh Del Monte Produce Inc., a well-known manufacturer of premium fruits and vegetables. With this packaging, the company hopes to extend the shelf life of bananas while cutting expenses and carbon emissions.
  • Ecolab and TotalEnergies collaborated to introduce their revolutionary plastic packaging in February 2023. As the packaging solution is composed of recycled materials, the heavy-use packaging sector will be more sustainable. The companies claimed that their innovative packaging method would help the industry meet the EU’s circularity obligations.

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Commodity Plastic Market Outlook by Category

By Type:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyethylene Terephthalate (PET)
  • Poly (Methyl Methacrylate) (PMMA)

By End-use Industry:

  • Packaging
  • Automotive
  • Electronics
  • Consumer Goods
  • Construction
  • Textiles
  • Medical & Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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SQL Server Transformation Market to Reach USD 30.4 Billion, Globally by 2029 at 10.1% CAGR: Future Market Insights, Inc.

The SQL server transformation market is projected to reach USD 15.5 Billion in 2022 to USD 30.4 Billion by the end of 2029 and will witness a robust CAGR of more than 10.1% during 2022 – 2029.

SQL server transformation-based relational database management systems (RDBMS) add a layer of security to a database while providing convenience for the database users. The combination of high capacity and economically feasible storage solutions made available to a user by integrating SQL server transformation solutions would remain a strong factor in opening new avenues for database management systems and service providers on a global scale.

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Key Takeaways – SQL Server Transformation Market Study

  • IT and services are the key verticals contributing to the adoption of SQL server transformation solutions and services, and the segment is estimated to generate the highest incremental opportunity among all other verticals in the global marketplace owing to the high adoption rate.
  • Among all the use cases, the adoption of SQL server transformation solutions for the purpose of enterprise data warehousing is estimated to dominate the global market throughout the forecast period.
  • The SQL server transformation market in the Asia Pacific excluding the Japan region is estimated to offer the highest incremental opportunity among all the regional markets during the forecast period, owing to the high adoption rate showcased by the technologically evolving retail industry.
  • The SQL server transformation market in Western Europe is estimated to record the second-highest incremental opportunity.

Emergence of New SQL Databases to Boost Growth of Global SQL Server Transformation Market

New SQL, a new class of databases, addresses some of the conventional shortcomings of SQL server transformation-based relational databases and relational database management systems including dynamic schema support, operational distribution, and horizontal scalability.

This technology is especially well-suited for SQL server transformation applications that require fast response times (1-2 milliseconds, on an average), very high ingest rates, and transactional accuracy.

Some of these SQL server transformation applications are real-time fraud detection, real-time authorization, or customer billing. New SQL solutions are best suited for enterprises working with huge volumes of structured data. Large enterprises operating in the retail and e-Commerce vertical are estimated to contribute the most to the adoption rate of New SQL databases, thus contributing to growth of the global SQL server transformation market.

Competitive Landscape:

SQL server transformation providers are investing in the expansion of their service offerings to cater to the changing trends of large enterprises and SMEs. SQL server transformation vendors are also expected to focus on the rising popularity of New SQL databases and develop new solutions specific to it.

Some key players are:

  • Oracle
  • Microsoft
  • SAP SE
  • IBM
  • Alphabet
  • Amazon Web Services Inc.
  • Teradata

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Key Segments of SQL Server Transformation Industry Survey

By Enterprise Size:

  • Large Enterprises
  • Small Enterprises

By Function:

  • Data Integration Scripts
  • Analytical Queries
  • Information Retrieval
  • Other Applications

By Use Case:

  • Business Operations
  • Enterprise Data Warehousing

By Vertical:

  • IT and Services
  • Healthcare
  • Financial Services
  • Professional Services
  • Education
  • Retail
  • Construction

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analystsworldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fiber Reinforced Polymer Panel and Sheet Market Set to Reach USD 1.9 Billion by 2034, Driven by Fire Retardant Demand

Fiber Reinforced Polymer Panel and Sheet Market
Fiber Reinforced Polymer Panel and Sheet Market

The global fiber reinforced polymer panel and sheet market is poised for significant growth, with an anticipated valuation of USD 1.1 billion in 2024. This surge is primarily driven by the increasing demand for fire retardant materials, which are becoming crucial across various industries for enhanced safety and durability. As a result, the market is projected to experience a robust compound annual growth rate (CAGR) of 5.9% from 2024 to 2034, ultimately reaching an estimated valuation of approximately USD 1.9 billion by the end of the forecast period. This growth trajectory underscores the expanding role of FRP products in meeting evolving safety standards and performance requirements.

A major factor contributing to the growth of the market is the emergence of biocomposite materials, which combine natural fibers with polymer matrices. Biocomposites offer environmental benefits, reduced dependency on petroleum based resins, and improved recyclability compared to traditional fiber reinforced polymer materials.

The adoption of digitalization and Industry 4.0 technologies is transforming manufacturing processes in the fiber reinforced polymer industry. Advanced modeling and simulation tools enable manufacturers to optimize material usage, reduce waste, and improve production efficiency.

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Energy efficient building solutions, such as passive solar design and green building certifications, are driving the demand for high performance building materials like fiber reinforced polymer panels and sheets. The materials contribute to improved thermal insulation, daylighting, and indoor air quality, leading to energy savings and occupant comfort in commercial and residential buildings.

Key Takeaways from the Market Study

  • Global fiber reinforced polymer panel and sheet market was valued at US$ 1.0 billion in 2023.
  • From 2019 to 2023, the market demand expanded at a CAGR of 7.5%.
  • The market in Japan is expected to expand at a CAGR of 7.2% through 2034.
  • By fiber type, the glass segment to account for a CAGR of 5.8% through 2034.
  • The absolute dollar growth of the market is projected to reach a value of US$ 834.0 million during the forecast period.
  • The market in the United Kingdom is expected to expand at a CAGR of 6.5% through 2034.

“The growth of e-commerce platforms and direct to consumer channels is expanding the market reach for fiber reinforced polymer manufacturers and suppliers. Online marketplaces offer greater visibility, accessibility, and convenience for customers seeking fiber reinforced polymer panels and sheets for various applications,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the Fiber Reinforced Polymer Panel and Sheet market are Brianza USA Corporation, Captrad Ltd, Crane Composites, Inc. (Crane CO.), Dofrp (Miyabi FRP), Hill & Smith Holdings PLC, Kal-Lite, Kalwall, Krempel GmbH, Panolam Industries International, Inc., and Redwood Plastics and Rubber, among others.

Company Portfolio

  • Crane Composites Inc. is a leading manufacturer of fiber reinforced polymer panels and sheets for applications in the transportation, construction, and recreational vehicle industries. Their product line includes lightweight and durable panels designed to meet industry standards and customer specifications.
  • Dofrp (Miyabi FRP) specializes in the production of fiber reinforced polymer panels and sheets for architectural and decorative applications. Their products feature innovative designs, aesthetic appeal, and superior performance characteristics suitable for interior and exterior use.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global fiber reinforced polymer panel and sheet market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the fiber reinforced polymer panel and sheet market, the market is segmented on the basis of fiber type (glass, carbon, others), and end user industry (transportation, building and construction, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Hard Disk Drive Market is Projected to Increase at a CAGR of 12% by 2033 | Future Market Insights, Inc.

The hard disk drive market exhibited remarkable growth in 20223, with a valuation of approximately USD 40,880 million. This robust performance is projected to continue over the next decade, as the market is anticipated to expand at a commendable CAGR of 12%. By the year 2033, it is expected to soar to a staggering valuation of USD 126,967 million.

This impressive upward trajectory can be attributed to various factors, including the ever-increasing demand for data storage solutions in an increasingly digital world, coupled with advancements in hard disk drive technology. As organizations and individuals alike continue to generate and store vast amounts of data, the hard disk drive market is set to play a pivotal role in meeting these storage needs and driving substantial industry growth.

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As data storage capacities of hard disk drives continue to increase, leading manufacturers such as Toshiba are frequently rolling out hard disk drive storage technology upgrades. Consequently, magnetic storage remains a highly preferred option for long-term high-capacity data backup and archiving, which would further push hard disk drive sales.

Key Takeaways from the Hard Disk Drive Market Report:

  • Network-attached Storage (NAS) hard disk drives that currently hold a market share of over 2/5th, would remain top selling in the global market for HDD. With the highest estimated incremental opportunity to be attained through 2029, NAS HDDs will continue to see double-digit growth throughout the projection.
  • Sales of hard disk drives with storage capacities of up to 1 TB and above will collectively account for three-fourths of total HDD sales. Low storage capacity, though relatively less preferred, continues to witness sustained traction.
  • USB port hard disk drives that currently make up for over a third of total sales will see steady adoption shortly. Whereas, plug-in power sources of HDDs are set to gain popularity.
  • Geographic expansion and collaborations with other hard disk drive providers would be the preferred developmental strategies of key players in the HDD market.

Offline Functionality of HDD Storage Technology Remains USP:

Owing to persistent ransomware attacks on networks of various organizations, customers have started procuring efficient magnetic storage technologies. The presence of an air gap acts as a security measure that isolates hard disk drives and prevents them from establishing external network connections.

This prevents the information stored on these tapes from falling prey to cyber-attacks, as they are not connected to the enterprise network, at least when switched off. Hard disk drive storage technology also trumps cloud infrastructure in this condition. Offline functionality of hard disk drive storage technology will thus bolster the growth of the global hard disk drive market during the forecast period.

Insufficient Storage Capacities Continue to Limit Market Growth:

Manufacturers in the hard disk drive market are focusing on enhancing data storage capacities to efficiently cater to massive digital data volumes. The relatively low availability of digital storage capacities will however continue to create a sizeable digital gap throughout the forecast period. The insatiable demand for enhanced data storage capacities in hard disk drives would thus restrict the market growth to a large extent.

Leading Key Players:

  • Western Digital Corporation
  • Seagate Technology LLC
  • Toshiba Corporation
  • Transcend
  • ADATA Technology Co. Ltd.
  • Hewlett Packard Enterprise Development LP
  • Buffalo Americas Inc.

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Hard Disk Drive Market Segmentation:

By Drive Type:

  • Portable HDDs
  • Desktop HDDs
  • Network-attached Storage HDDs

By Storage Capacity:

  • Less than 250GB
  • 250GB – 1TB
  • Above 1TB

By Drive Interface:

  • USB 3.0
  • USB 2.0
  • USB 3.1 Gen1
  • USB 3.1 Gen2
  • Ethernet
  • Others

By Power Source:

  • Small Facility
  • AC Adapter
  • USB Port
  • eSATA Bus
  • Plug-in

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Geospatial Solution Market to be Worth USD 1,970.9 Billion by 2029: Future Market Insights, Inc.

The geospatial solution market is anticipated to increase from USD 703.5 billion in 2022 to USD 1,970.9 billion in 2029. From 2022 to 2029, the geospatial solutions market is projected to expand at a CAGR of 15.9%.

According to a recent research intelligence analysis by Future Market Insights (FMI), the worldwide geospatial solution market will experience phenomenal growth from 2022 to 2029, with a CAGR of around 15%. The improvements in processing power for geospatial solution-based research and applications have been credited with this market’s high growth prognosis.

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Faster networking is catering to the ever-growing demand for efficient geospatial information distribution and transmission. This, in turn, enables consumers and governments to more effectively use and share spatio-temporal data for real-time applications, thereby propelling geospatial solution market growth.

Key Takeaways from the Geospatial Solution Market Study

  • Developers are offering geomedicine solutions, which is not an emerging field, yet holds a lot of potential to boost the growth of geospatial solution market during the following years.
  • Blockchain technology is estimated to witness massive adoption in the foreseeable future. This technology can be geospatially enriched when combined with geospatial solution-based technologies such as Geographic Information System (GIS).
  • Drones are estimated to witness a considerable adoption rate during the forecast period. New standards and legislations introduced by national governments are likely to motivate drone manufacturers and end users to operate more freely, thus driving the growth of the geospatial solution market.
  • Global Positioning System (GPS) is estimated to retain a substantial revenue share in geospatial solution market.
  • Remote sensing technology will register a significant CAGR over the projection period.

Geospatial Information Becoming Critical Asset for Businesses

Conventionally, geospatial technology was confined to use in aeronautical and maritime organizations, intelligence agencies, and the military sector. However, the demand for geospatial solutions is rising in almost every end-use industry.

Geospatial solutions have become an essential element in how organizations operate their business. At present, organizational decision-making is highly dependent on data processing technologies. Thus, organizations are prioritizing geospatial data analysis as they recognize collected geospatial information as a mission-critical resource to manage.

A constant search for new information tools, sources, experts, and solutions drives end-users to persistently find new and innovative ways to utilize data and discover patterns in the accumulated information using geospatial solutions.

One of the most noteworthy growth areas in the broad data processing arena is data visualization. Existing end users have found geospatial solutions to be the key to efficient data visualization, irrespective of whether the accumulated information is two or three-dimensional.

Leading Key Players:

  • Trimble Inc.
  • Pitney Bowes Inc
  • Hexagon AB
  • Maxar Technologies
  • Harris Corporation
  • Apple Inc.
  • Amazon Web Services, Inc.
  • IBM
  • Oracle
  • SAP
  • Microsoft
  • General Electric Company
  • TomTom International B.V.
  • Alphabet (Google)
  • Topcon
  • HERE
  • Esri
  • Baidu
  • Telenav
  • RMSI

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Know More About Geospatial Solution Market Study

Future Market Insights puts forward an unbiased analysis of the global market for global geospatial solution market, providing historical data for 2014 – 2021 and forecast statistics from 2022 – 2029.

To understand opportunities in the geospatial solution market, the market is segmented based on technology, component, application, and end-user, across seven major regions.

Geospatial Solution Market Segmentation:

By Technology:

  • GIS/Spatial Analytics
  • Remote Sensing
  • GPS
  • 3D Scanning

By Component:

  • Geospatial Software
  • Geospatial Hardware
  • Geospatial Services

By Application:

  • Surveying and Mapping
  • Geovisualization
  • Planning and Analysis
  • Land Management
  • Others

By End-user:

  • Defense and Internal Security
  • Infrastructure
  • Urban Development
  • Utilities
  • Retail and Logistics
  • Agriculture
  • BFSI
  • Disaster Management
  • Citizen Services
  • Natural Resources
  • Telecommunications

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Direct Methanol Fuel Cell Market Poised for Explosive Growth: Projected to Reach USD 12.2 Billion by 2034

Direct Methanol Fuel Cell Market
Direct Methanol Fuel Cell Market

The direct methanol fuel cell market is set to experience significant growth, with its valuation expected to surpass USD 3.4 billion in 2024 and reach an impressive USD 12.2 billion by 2034. This remarkable expansion reflects a robust compound annual growth rate (CAGR) of 13.8% over the decade. Driven by advancements in fuel cell technology and increasing applications in portable and stationary power systems, the market is poised to thrive as demand for efficient and eco-friendly energy solutions continues to rise.

The need for portable electronics is growing since we live in a society where people move around constantly. Consumers want simplicity and mobility in everything from smartphones to wearable technology. Direct methanol fuel cells provide a portable, light power source that meets the demand for dependable mobile energy solutions. Companies can tap into profitable markets by incorporating direct methanol fuel cells into their product offerings and capitalizing on the trend of extended battery life, which meets customer demand while improving user experience.

A tactical route for direct methanol fuel cell industry expansion is the military and defense industry. By using the mobility and quick refueling of DMFCs, businesses can secure contracts to supply power to vital military hardware, unmanned systems, and field operations. This application diversity offers a stable income stream, bolsters the company’s position as an important force in military technology innovation, and aligns with national security imperatives.

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Direct methanol fuel cell integration in fuel cell electric vehicles (FCEVs) presents a strategic potential when working with automotive original equipment manufacturers (OEMs). Businesses can use DMFCs as backup power sources or range extenders to assist in the development of environmentally friendly and effective transportation options. By positioning the firm as a significant facilitator of automotive electrification, this strategic alliance corresponds with the worldwide move towards emission-free automobiles. It opens up opportunities for collaborations with important players in the automotive sector.

The direct methanol fuel cell market features a dynamic environment where success depends heavily on strategic agility. Customer-centric innovation, regulatory alignment, and cooperative partnerships are the main forces behind this. Regulatory compliance, technology innovation, and customer-focused strategies are essential for businesses to navigate this quickly changing industry. Says an Analyst at Future Market Insights, Inc.

Key Takeaways from the Direct Methanol Fuel Cell Market Report

  • The global direct methanol fuel cell market size expanded at a 16.2% CAGR through 2034.
  • The bipolar plates segment is projected to rise at a 13.6% CAGR through 2034.
  • The portable application segment is expected to develop at a 13.4% CAGR through 2034.
  • The market size in the United States is projected to rise at a 14.2% CAGR through 2034.
  • The market size in Japan is anticipated to develop at a 15.1% CAGR through 2034.
  • The market size in the United Kingdom is estimated to surge at a 15.4% CAGR through 2034.
  • The market size in South Korea is expected to thrive at a 16.0% CAGR through 2034.

Competitive Landscape

The direct methanol fuel cell market is characterized by intense competition, with well-established players like Ballard Power Systems and SFC Energy AG, coexisting with innovative startups like Oorja Protonics. Market dynamics heavily depend on strategic alliances and collaborations, particularly with large corporations. Businesses that comply with the criteria benefit from the regulatory policies that significantly impact the adoption of renewable energy. Businesses extensively spend in R&D to improve the efficiency and design of DMFCs, making technological innovation a crucial arena of rivalry. Market leaders must prioritize customer-centric initiatives, mergers, and acquisitions to maintain their positions in this quickly changing industry.

Key Players in the Direct Methanol Fuel Cell Market

  • SFC Energy AG
  • Oorja Protonics
  • Antig Technology Co., Ltd.
  • Serenergy A/S
  • Horizon Fuel Cell Technologies
  • Meoh Power
  • Viaspace Green Energy Inc.
  • Fujikura Ltd.
  • MTI MicroFuel Cells Inc.
  • Ballard Power Systems Inc.
  • Samsung SDI Co., Ltd.
  • Toshiba Corporation
  • Hitachi Zosen Corporation
  • Johnson Matthey Plc
  • Neah Power Systems Inc.

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Direct Methanol Fuel Cell Market Segmentation

By Component:

  • Bipolar plates
  • Current Collectors
  • Catalysts
  • Membranes

By Application:

  • Portable
  • Stationary
  • Transportation

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Polymeric Membrane Market Set to Reach USD 11.15 Billion by 2033, Driven by Demand from Key Industries

Polymeric Membrane Market
Polymeric Membrane Market

The global polymeric membrane market is poised for significant growth, projected to reach USD 11,153.9 million by 2033, driven by a steady CAGR of 4.4% throughout the forecast period. This surge is primarily fueled by increasing demand across key end-use industries such as chemical processing, food and beverage, industrial processing, and water treatment. As these sectors expand and seek advanced filtration and separation solutions, the polymeric membrane market is set to experience substantial growth, meeting the rising needs for efficient and effective membrane technologies.

Polymeric Membranes are becoming necessary due to their unique properties such as high selectivity, permeability, and chemical resistance, these membranes are widely used in various industries such as the augmenting healthcare sector use these membranes for utilization in virus removal, sterile filtration, and protein purification Techniques. Technology like Nano-filtration and pervaporation are frequently used in the pharmaceutical industry to remove dangerous components from the effluent stream. The growth of the market is also driven by the thriving demand for clean water and effective wastewater treatment as the world’s water challenges are getting worse as population growth continues, and it is clear from the growing number of desalination projects that this technology is growing as the game-changer.

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The Polymeric Membrane industry faces several obstacles, including Alternative separation methods like distillation, adsorption, and ceramic membranes could restrain the market’s expansion. The high initial cost of the polymeric membranes owing to the intricate manufacturing processes is also hindering market expansion.

The market is creating huge ample space as owing to the rising emphasis on sustainable energy sources like natural gas and hydrogen. Manufacturers will profit from spending money on the development of anion exchange and proton exchange membranes to boost the expansion of green hydrogen production.

The Polymeric Membrane business has a lot to gain from the expansion of renewable energy sources like Lithium-ion batteries and hydrogen fuel cells which will ramp up sales for the market during the assessment period.

Key Takeaways from the Polymeric Membrane Market:

  • The Polymeric Membrane industry in the United States is predicted to reach US$ 1,984.4 by 2033, increasing at a 0% CAGR.
  • The Polymeric Membrane industry in the United Kingdom is estimated to reach a market share of US$ 390.3 Million, expanding at a CAGR of 4.7% by 2033.
  • By Technology, the Reverse Osmosis segment is expected to grow at a significant CAGR of 6% from 2023 to 2033.
  • The Polymeric Membrane industry in India is predicted to reach US$ 862.9 Million by 2033, increasing at a 3% CAGR.
  • Wastewater Treatment segment of end-use is estimated to create an incremental dollar opportunity of about US$ 2,940.6 Million during the period of 2023 and 2033 in the Global market.

How Does the Competition Look in the Polymeric Membrane Market?

There are key companies competing for market share in the fiercely competitive polymeric membrane sector. Toray Industries, Inc., Danaher Corporation (Pall Corporation), Parker-Hannifin Corporation, Evonik Industries AG, Honeywell International Inc., and other companies are some of the prominent players in this market.

The Key Players are particularly spending money on Research and development projects to develop innovative products with increased effectiveness, dependability, and affordability. To address the shifting needs of customers, they are putting their efforts into expanding their product line and fortifying their distribution networks.

Strategic partnerships and affiliations with other companies are common in the industry, allowing firms to capitalize on one another’s strengths and increase their market share. To strengthen their market position and expand their product portfolios, Polymeric Membrane manufacturers have been engaging in strategic partnerships, collaborations, and acquisitions. These activities allow companies to access new technologies, enhance their production capabilities, and enter new geographical markets.

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Key Players in the Polymeric Membrane Market

  • Toray Industries, Inc.
  • Danaher Corporation (Pall Corporation)
  • Hyflux Ltd.
  • Parker-Hannifin Corporation
  • Air Liquide S.A.
  • Evonik Industries AG (Evonik)
  • Air Products and Chemicals, Inc.
  • Veolia Environment SA
  • Nanostone Water
  • Nitto Denko Corporation (Hydranautics)

Segmentation Analysis of the Market

By Technology:

  • Ultrafiltration
  • Microfiltration
  • Nano-filtration
  • Reverse Osmosis

By End Use:

  • Chemical
  • Food and Beverage
  • Water Treatment
  • Industrial Processing
  • Medicine
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube