Market Research Blog – Page 16060 – New Product Development

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

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

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

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

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

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

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COVID-19 Impact Analysis

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

APAC to Dominate and Foresee Higher Expansion

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

Competitive Landscape

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

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

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Automotive Washer System Sales on an Upswing, Easing Lockdown worldwide Due to Coronavirus Outbreak to Generate Growth Opportunities

Growing vehicle production and effectuation of efficient washer & wiper technologies are the major factors supporting the sales of automotive washer systems worldwide. The automotive washer systems sales were expected to touch 1,453.4 Mn units, in volume terms, during 2016 and is likely to grow at a CAGR of 3.5% during the assessment period 2016–2026. The global Automotive Washer Systems Market is likely to account for a market valuation of US$ 29.6 Bn towards the end of 2026.

Key Developments

Some of the major trends witnessed in the global market are a smart technology amalgamation, growing usage of washer systems for the rear camera, expanding acceptance of headlamp washer systems in mid as well as semi-luxury cars and advances in nozzle design & wiper blade.

Additionally, notable opportunities present for washer system manufacturers via an extension in emerging economies. Current vehicle recalls due to the supply of defective washer system along with guidelines commanding usage of headlamp washer systems will make critical weight on the supply side to make cost-proficient, strong, and reliable washer systems, to gain market share.

COVID-19 Impact Analysis

The COVID-19 pandemic effects are getting under control, with the recovery of a gradual automotive sector, although at varied rates. With easing lockdowns worldwide in May 2020, auto sales have started to reflect some signs of improvement. Conversely, key risk aspects of the pandemic’s resurgence stay high, with the chance of markets entering lockdown again.

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Key Takeaways from Market Study

Based on components, windshield wipers will hold a dominant volume share and record a volume CAGR of 4.4% during the conjectured period. The category has huge demand from the aftermarket since it has a comparatively higher replacement pace.
The wiper motor component category will remain dominant during the estimated period. The category is likely to be estimated at US$ 13.1 Bn towards 2026 end, recording a 5.0% value CAGR during 2016-2026.
Pumps and reservoir category will foresee a moderate CAGR expansion throughout the estimated period.
Based on vehicle type, the passenger car category will be most lucrative and generate the highest incremental $ prospect during the anticipated period. The category will hold 74.5% of the overall revenue generated in 2016.
The LCV vehicle type category will foresee comparatively slower CAGR expansion during 2016-2026 in contrast to HCV and passenger cars.
In terms of application, the windshield washer system will uphold dominance both in volume and value terms throughout the forecast period.
The headlamp washer system will foresee quick growth and reflect an 8.3% value CAGR in contrast to 4.5% of the windshield washer system.
Based on technology, the mechanical washer system will foresee descent in growth pace. The electrical category accounted for 87.1% value share during 2015 and is likely to stay dominant during the projected period.

Regional Insight

APEJ (the Asia Pacific excluding Japan) is anticipated to dominate the market with a projected market share of 31.6% during 2016 and 38.0% by 2026. Conversely, regions such as North America are projected to lose notable basis point share throughout the assessment period due to the current shift of vehicle manufacturing facilities to Mexico, Brazil, and growing nations of Asia Pacific. New product development and innovation are likely to be the key focus of the leading players in the Eastern and Western European region. The MEA region is likely to account for minimal share all through the projected period.

Competitive Landscape

Automobile producers are projected to favor locally sourced components for sustainable supply and economical pricing, consequently benefitting domestic washer system producers. Moreover, international players can influence their capacities to grow into such markets via collaborations with regional participants.

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Sales of Aerospace Electrical Inserts Soar with Growing Frequency of Air Travel; Market Revenue Faces Significant Slowdown Amid COVID-19 Pandemic

The aerospace electrical inserts market will be witnessing a remarkable growth pace, due to the growing frequency of international and domestic air travel. There is a growing need for superior catering services, as airlines pelt along to offer differentiation based on in-flight services. Due to this, the need for aircraft galley equipment will increase significantly, aiding in the growth of the aerospace electrical inserts market over the next decade. Also, as galley equipment companies focus on providing reliable and lightweight galley equipment according to the needs of the aviation sector, the market players are expected to keep up with the same trend.

The expanding requirement for customized aircraft interiors is additionally projected to help the expansion of the market in the near future. The requirement for customized aircraft interiors is high and will drive demand for aerospace electrical inserts. A rising number of international tourists, the numbers of long-haul and international flights have augmented over the past few years. This trend is likely to continue in the approaching years, pushing the demand for aerospace electrical inserts.

Integration of Smart Technologies in Galley Equipment to Influence Market Growth

The development of galleys using smart technologies is expected to create new avenues for the aerospace electrical inserts market growth. For instance, Safran Cabin recently developed the Smart System Integrator Galley at Frankfurt Airport for the Boeing ecoDemonstrator. The galley’s features include an access point for communication to the iCabin network and Boeing, integrated & connected sensors, and connected E-Panel for monitoring noise, a connected electrical oven, connected E-Locks, humidity, and temperatures. The galley also incorporates a smart trolley solution called Sophy that optimizes and controls catering operations by communicating real-time, sharing and collecting, accurate data.

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COVID-19 Impact Analysis

The novel COVID-19 pandemic has hindered the aerospace electrical inserts market alike any other industry. With partially resumed production to implement stringent safety and health measures, the work stations would only re-open if they abide by self-distancing, cleaning, and hygiene guidelines.

North America & Europe to Remain Significant Markets

Asia Pacific will be a lucrative market, as it is home to rapidly growing economies that foresee the quick growth of their international as well as domestic airline fleets. Several airlines have placed orders for some huge new aircraft and are focusing on higher consumer service levels, whereas there is also the rising demand for aircraft retrofits, assisting the growth of the market. North America and Europe continue to stay significant markets for aerospace electrical inserts, with high customization needs and stable demand. India, China, Germany, the US, UAE, UK are a few of the major countries to witness strong demand growth.

Competitive landscape

Due to the individual airline operator’s customized preferences, players have the opportunity to offer flexible aerospace electrical inserts by adapting the customized needs of its customers and comply with the industry and international standards. The inserts are generally expected to comply with the ARINC or ATLAS standards worldwide, among others. With rising competition in the market, market players are hastening to offer aerospace electrical inserts that are low weight, reliable, and easily adaptable to retrofit or new aircraft requirements.

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Aerial Work Platform Sales to Expand at 4.2% CAGR Through 2030, Market is set for Sturdy Revival Amidst COVID-19 Crisis

Development in the aerial work platform market is characterized by renting and leasing of access equipment such as boom lifts, scissor lifts, and articulated boom lifts. The aerial work platform market is anticipated to reflect CAGR of over 4.2% over the projected period (2020-2030)

Key Trends

Progressions in telematics, new safety standards, and aerial technology innovations are governing the global market scenario. Based on safety standpoint, anti-entrapment systems are attaining rapid traction on compact equipment and lifts. These are particularly utilized in the construction industry where risk is maximum.

Diagnostic systems and remote access for aerial work platforms are mainly upping the troubleshooting and efficiency quotients of OEMs. Discreet tasks are additionally being made more independent to improve productivity.

Several stakeholders are seeking the online option for introducing their scissor lifts and boom aerial lifts together with a free subscription. With a lack of service techs, consumers could access all the significant information concerning the rental company online or via telematics, therefore, aiding rental companies to save on sustainment requests.

Key Takeaways of Market Study

Based on product type, boom lifts and scissor lifts will remain the major sellers among other categories.
In terms of ownership, the global market includes rental service providers and end-use industries (includes entertainment, construction, manufacturing, commercial and others (agriculture, public administration, etc.)

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COVID-19 Impact Analysis

The global market is poised for sturdy revival during the COVID-19 crisis with a rapid consumption across Europe which checked its disease curve flattening. Future Market Insights indicates that the market will foresee firm single-digit development due to investments in R&D and quickened construction activity.

Several stakeholders are nowadays hedging their bets on the higher development of utility infrastructure, particularly the development of 5G. Post pandemic, India, Japan, South Korea, and China will be thriving for the manufacturers.

Regional Insights

More strict legislations regarding higher labor costs and worker safety have made Europe and North America early adopters of the market. The market is more mature with better penetration rates. Europe market accounted for around one-third of the global sales in 2019.

China and India would continue to be thriving markets. The India aerial work platforms market has progressively shown a robust CAGR at 8% in 2020.

Competitive Landscape

The majority of the producers are centering on cost reduction plans in the current pandemic while focusing on the high durability, strength, and quality of their products.

For example, Skyjack, a subsidiary of Linamar Corporation, presented the latest sort of scissor lifts build particularly for rough terrain. These possess larger platform spaces and better working heights.

Moreover, the company has also presented the ELEVATE telematics solution that allows scissor lifts to directly react to commands given over a mobile phone network or the phone and execute tasks independent of steering, driving and lifting. Players are centering on partnering with strategic distributor dealerships for businesses in the rental landscape. Distributors will aid to hold the market in several regions.

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Automotive Glass Film Sales on an upswing; COVID-19 Pandemic Challenges Rapid Growth Due to Halted Automobile Production: FMI

The rise in usage of both new units of passenger cars and commercial vehicles has made ways for sales of automotive glass film. The user-friendly and unique features of automotive glass film have helped in making a good impact on the market. Due to gradual decrease in fossil fuel sources, the sale of electric motor vehicles is gaining traction. This would help the automotive glass film market to grow during the forecast period 2018-2026. The usage of automotive glass film today has pulled in existing vehicle users to discover the new products and utilize the films via aftermarket sales channels.

Automotive Glass Film: Key Developments & Innovations

Luxury vehicles such as the McClaren and Mercedes S-Class have been an early adopter of novel automotive glass technologies. Instances of these technologies include instantaneously tint car windows at the touch of a button, making the rides safer with privacy glass, and in-vehicle entertainment boosts the driver’s and passenger’s experience. However, these innovations will soon be a broadly adopted as standard material in serial manufacturing. Some other technological progressions seen in the market are IR cut windshields and solar controlled glass for sidelites and backlites, turning windows into dynamic advertising surfaces, acoustic windshield for cars, heated windshields and water repellent glass for side windows.

COVID-19 Impact Analysis

With the first COVID-19 outbreak in China, companies are considering to establish alternative supply chain. Market players are seeing nations such as India, Thailand, and Vietnam as a good investment opportunity to move their manufacturing units and procurement of raw materials from China. In a post-COVID-19 world, the utility and use of vehicles are likely to change extremely. The market can see increase in the user’s digital engagement, during the outbreak. Therefore the internet and connectivity features, particularly in cars are expected to surge.

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Regional Insights

The European region together with North America and the Middle East has been the prominent market for the automobile sector. The rise in vehicles sale in the Middle East and Asia and the European Union, together in recent years could prove to be a big platform for the automotive glass film market. China is another prominent market where the number and sales of vehicles in use both are expanding at higher rates. The growth in the number of vehicles in use together with moderate new vehicle sale expansion in the North America could be beneficial for the market to expand. Latin America can overturn the automotive glass film market because of diminishing sales and a moderate rise in the number of vehicles in use in previous years. India has exhibited considerable growth in the sales of vehicles in the past few years and could be a huge market for automotive glass film.

Competitive Landscape

Market players are engaged in R&D activities and are beginning to develop glass films keeping in mind users’ comfort. For instance, 3M has come up with window tint to enhance the appearance and comfort of the vehicle users incorporating features such as increased privacy, reduction of excessive heat, UV protection, glare or security, and a faded interior.

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Lecithin Market to Witness Decline in Growth as a Result of Coronavirus Outbreak

The worldwide lecithin market is anticipated to touch US$ 7 Billion towards 2030 end. At present, the market is estimated at US$ 4 Billion. The worldwide market is anticipated to reflect a 5.7% CAGR during 2020-2030. Market development of lecithin could be because of the rising demand for lecithin in food and feed applications along with the upcoming trend in dietary supplements and cosmetics for the utilization of natural ingredients. The higher level of customer awareness concerning functional food and developing health concerns amid customers slated an upward trend of market growth. The rising need for phospholipids in the pharmaceutical and cosmetic sectors and the increasing requirement for substitute sources of lecithin are the foremost aspects fueling the expansion of the market.

Alteration in Buying Behavior Because of COVID-19 Pandemic

Lecithin is generally accessible in cosmetic, medicinal, and different foods & supplements. The requirement in the pharmaceutical and cosmetic sectors and the developing requirement for elective lecithin sources are the foremost driving the market development of the lecithin. The market has foreseen a higher demand for de-oiled lecithin because of nutritional advantages to purchasers.

The virus spread has been perhaps the greatest danger to financial markets and the worldwide economy. In the interim, COVID-19 stresses have shaken markets all over the globe, with bond yields and equity prices pluming. With large-scale quarantine and travel restrictions imposed all over China, individuals invested a great deal of time inside at home. Shopping propensities shifted in like manner. Foot traffic to physical stores has declined significantly and individuals purchase undeniably a greater amount of everything online – incorporating fresh produce.

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Larger labor markets and factories are easing back down because of COVID-19, and generally speaking, manufacturing is slowing fundamentally. Along these lines, the market is seeing lower income with downstream makers decreasing need, materials as well as shutting down ventures. The market is likely to consider additional pressure to be as worldwide makers’ slow manufacturing, producing even less competition for the worldwide essential material makers. As the figure of instances of COVID-19 keeps on expanding, worries of a worldwide pandemic and ensuing monetary effects have risen, prompting a sharp drop in numerous worldwide markets, which had at first demonstrated just a gentle response to the outbreak.

A few of the foremost players functioning in the worldwide lecithin market are Cargill, Incorporated, Archer Daniels Midland Company, LASENOR EMUL, S.L., Stern-Wywiol Gruppe GmbH & Co. KG, Lipoid GmbH, Avanti Lipids Polar, Inc., Lecico Gmbh, DuPont., Ruchi Soya Industries Limited, The Valspar Corporation, Vav Life Sciences Pvt. Ltd., and others. Additionally, M&A stays a popular approach amid market participants. Organizations aim to increase their regional impression via strategic collaborations. The foremost strategies of participants in the market for lecithin & phospholipids are product expansions by research & development. Rising needs in North America as well as Europe for non-genetically modified lecithin is bringing forth new business prospects for the worldwide lecithin & phospholipids sector.

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Entrance of Eco- Labels & Higher Versatility for Eco- Labels by Producers will Boost the Kraft Paper Bakery Bags Market Demand

The bakery sector provides products that are new and perishable. The packaging is of significant concern with regards to packaging or delivery of baked products. Because of consumer requirements for economical and environment-friendly packaging, kraft paper bakery bags is a perfect answer for packed bakery products. Expanding the utilization of bakery products universally has prompted the ascent in the requirement of bakery packaging. These bags are a sustainable solution for the bakery products pack. Developing retail outlets, supermarkets, and hypermarkets are foreseen to help market development. These bags are strong and simple to convey which makes them advantageous for use. These aspects may build the market requirement for kraft paper bakery bags.

Topmost brands utilize kraft paper for identity promotion as a green brand. Moreover, the premiumization of kraft paper with attributes, for example, coatings and printability have prompted higher acceptance of kraft paper bread kitchen packs. Expanding the utilization of bakery products items is required to climb the market demand. These bakery bags are financially savvy and are easily accessible. Quickly changing eating habits and development in the food & beverage sector is foreseen to prompt the development of kraft paper bakery bags. The increasing requirement is because of customer awareness in regards to the environment and the risks of utilizing plastic bags. Barrier attributes, for example, water, grease, and oil resistance prompt higher demand for the market. Besides, the entrance of eco-labels and higher versatility for eco-labels by producers is probably going to expand the demand for the market.

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Key Takeaways from Market Study

Government initiative concerning the banishing of single-use plastic for safeguarding the environment is another aspect sustaining expansion of the market.
The APAC region on account of its large populace is projected to be the market chief. Expansion in the food & beverage sector and altering lifestyles of the populace are anticipated to influence the market expansion.
The North America region has higher bakery utilization and the maturated markets are expected to exhibit a sturdy expansion in the market for kraft paper bakery bags. Strict government regulations & rules have directed towards the expansion of the market in the European Union.

COVID-19 Impact Analysis of Kraft Paper Bakery Bags Market

Makers are confronting challenges because of the crisis and the foremost challenge is supply chain disruptions. Several nations all over the world are under lockdown as well as have directed towards stocking of medical supplies and essential groceries. Bakery products, for instance, bread that is essential grocery is higher in demand. On the other hand, the need for bakery products is low because of the closing of restaurants, bakeries, lounges & café. Therefore, there is a sturdy need for kraft paper bakery bags in 2020. The market expansion is anticipated to increase gradually as the lockdowns lift.

A few of the foremost participants functioning in the market are WestRock Company, Classic Packaging Corp, Fisher Paper Products, Alpha Packaging, Inc., Mil-Spec Packaging for GA, Inc., Bemis Company Incorporated, Imperial Paper, Stanpac, Kent paper, Linpac Packaging Limited, and Genpak.

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Integrated Advances to Better Compliance and Patient Care to Increase Home Sleep Screening Devices Market Demand

Sleep insufficiency negatively affects both the mental and physical well-being of a person, which makes it one of the critical zones to be tended to. The predominance of rest inadequacy is on a ceaseless increment, attributable to altering psychological and physical reasons. Home sleep screening devices have developed as a significant forward leap in the landscape of sleep-health’, wherein they aid with the viable conclusion of insomnia and sleep apnea with the assistance of sleep apnea diagnostic systems in the solace of one’s own home.

Key Takeaways from Market study

The worldwide market for home sleep screening devices was projected to reach around US$ 2,148.0 Million during 2017.
The worldwide market is likely to increase at a CAGR of 8.4% throughout 2018-2028
The higher occurrence of sleep apnea signifies a higher need for Home Sleep Test (HST) and sleep tracking devices, for instance, home sleep screening devices, globally, especially in the US.
The North America market for home sleep screening devices along with the European market, trailed by the East Asia market, is projected to stay the biggest regional markets in the worldwide market for home sleep screening devices.
South Asia and East Asia accounts for a higher expansion potential for the worldwide market.
Wearable screening devices and home sleep tracking would stay the most favored home sleep screening devices.

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Elevating Sleep Tracking Technology to Pick up Sales Potency of Sleep Screening Devices

The technology utilized in-home sleep screening devices depends on the mapping of a deep sleep, respiration patterns, heal rate, and REM sleep. On the other hand, the latest home sleep screening devices are joining a similar innovation since the one utilized in polysomnography and actigraphy devices. The developing trend of using a sleep tracker as a lifestyle accessory is evaluated to advance the market development of the home sleep screening devices.

Technological progressions in smart home sleep screening devices have prompted the making of hybrid devices that track action yet also track sleeping patterns. These smart devices are fit for following fitness viewpoints, for example, calories consumed, the distance walked, pulse checking, and could additionally follow sleep examples, for example, light & deep sleep along with REM.

For example, Fitbit, Inc. item Fitbit Ionic tracks activity/fitness in addition to sleep patterns. It could register the REM, light & deep sleep, in addition, to give tips to proficient sleeping patterns dependent on a person’s lifestyle. Comparable innovative trends are assessed to take out the variables controlling the market development.

The Consumer Electronics Association has teamed up with The National Sleep Foundation and shaped “The Wearable Sleep Monitoring Equipment Group,” which was planned for boosting the improvement of sleep technologies. This is additionally projected to enhance the nature of wearable home sleep screening devices to guarantee better information storage and collection. The presentation of certain new progressions and innovations are projected to make a development prospect for the market.

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Novel Technologies & Innovations to Boost Hardgel Liquid Capsule Filling Machines Market Demand

The requirement for healthcare facilities is expanding worldwide because of the rise in the aging population and chronic illnesses. Hardgel liquid capsule filling machines are utilized by the makers to boost their production scale to enhance production capacity efficiency. With technological innovation and introduction, machines are automated and have quick production with no human interference. This is projected to boost the hardgel liquid capsule filling machines market demand.

Hardgel capsules are utilized in various sectors, for example, cosmetics, pharmaceuticals, and food & beverages. This is because of the advantages of hardgel liquid capsules that are demonstrated to improve health and strengthen bones. This is probably going to support the requirement for hardgel liquid capsule filling machines. These machines are progressively efficient which has prompted their expanded consumption. Also, these machines have superb functionality where the procedures are computerized and it doesn’t require an enormous number of workforce focused on one explicit procedure.

The machines ascertain quality and consistency which clung to the clinical guidelines and thus is anticipated to help the market demand. The market hardgel liquid capsules demand is expanding because of longer shelf life since they could be handily put away in a humidity-controlled environment without affecting the capsule’s quality. This has prompted the versatility among the brand owners. Also, the machine ensures higher manufacturing together with the capacity to fill capsules of several sizes and compositions. Also, disassembling and easy assembling of the machines prompts simple maintenance of the machines thus supporting the market need.

Key Takeaways from Market Study

Asia Pacific region is anticipated to lead the overall market throughout the assessment period as a result of a growing population and expanding costs on the healthcare facilities.
The existence of several pharmaceutical makers is expected to support the market development in the APAC region.
North America on account of its developments in the pharmaceutical sector and biotechnological innovations is projected to foresee huge requirements from the pharmaceutical industry. This is anticipated to have a positive influence on market demand.

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COVID-19 Impact Analysis on the Hardgel Liquid Capsule Filling Machines Market

Economies all over the globe are distress from the impact of coronavirus, businesses are confronting challenges and globalization has directed towards interdependencies amid nations. The outbreak has halted the manufacturing lines as a result of the inaccessibility of the workforce or raw materials. The disposable income of the customers has come down drastically which is anticipated to impede the expenditure form in the approaching times. On the other hand, pharmaceutical companies are taking center stage in the battle against COVID-19, and the market is projected to foresee a positive development. Novel technologies and innovations are likely to expand the market demand to cater to the huge requirement as well as to balance the supply and demand equilibrium.

Some of the topmost participants in the worldwide Market are Sainty Tec,Wenzhou Huale Machinery Co., Ltd., Sino Pharmaceutical Equipment Development (Liaoyang) Co., Ltd., Tianmin, Cap Plus Technologies, ACG Pam Pharma Technologies Private Limited, Kwangdah, Hualin Pharma Machinery, Robert Bosch GmbH, United PharmaTek, and Joysun Pharma.

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Sales of Aircraft Pushback Tugs Surged on the Back of Up-Gradation & Expansion of Airport Infrastructure, COVID-19 Outbreak to Halt Production: FMI

The growing airline sector is anticipated to boost the requirement for new aircraft & airport ground support equipment (GSE).This is projected to impel the aircraft pushback tugs market at a substantial pace during the assessment period. Moreover, the number of new airports is rising in developing nations. The up-gradation and expansion of airport infrastructure will fuel the aircraft pushback tugs market during the assessment period, 2018-2028.

Aircraft Pushback Tugs Market: New Developments and Product Innovations

Aircraft tugs have progressed from their roots as converted work trucks and farm tractors. They are technologically progressed machines that are customized to a definite function of securely moving aircraft on the ground. Earlier accessible as omni-directional units, tractor style, and manned pushback style that contain and lift the aircraft’s nose landing gear, is now accessible as remotely operated electric units.

As markets dictate progressions in technology, pushback tug operators required a more user friendly and faster machine than traditional tractor tugs. Mototok Company launched, Spacer 8600, an automatic guided vehicle (AGV) that simplifies the pushback operation with a basic interface, and doesn’t necessitate an additional license to maneuver. This, in turn, lets more members of ground handling personnel execute with the push of a button and significantly reduce delays.

Moreover, these machines can place themselves accurately every single time, pushback at a regulated pace, and come back to docking autonomously.

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COVID-19 Impact Analysis

The COVID-19 outbreak has had a severe and swift impact on all industries globally including the aircraft pushback tugs market. Indications include a disruption in Chinese components exports, large scale production interruptions all over Europe, and the shutdown of assembly plants in the United States. This is strongly pressurizing on the industry already coping with a downshift in worldwide demand, and probably leading to increased M&A exercises.

Europe to Witness Increasing Demand for Aircraft Pushback Tugs

The Asia Pacific is projected to be the most lucrative market, due to developing economies of India and China. The rising population of the region and growing air traffic is prompting the airline industry growth in the region. The growing number of airports and the comparatively rising demand for new aircraft GSE is anticipated to notably boost the demand for aircraft pushback tugs in that region. The MEA region is projected to reflect significant development in the market during the assessment period as a result of the growing airline industry and air traffic in the region.

Moreover, Europe is projected to have prominent growth in the global market, as a result of the increasing demand for aircraft and the extension of airport infrastructure. North America is likely to have moderate growth due to the increasing airline transportation and rising expenditure on airport infrastructure.

Aircraft Pushback Tugs Market: Competitive landscape

Market players in the aircraft pushback tugs market are recognizing concerns such as safety issues, higher investments, and cost-intensive trained staff, and are working towards developing advanced solutions. Market players are joining forces to further develop towbar-less aircraft tugs, Eagle Tugs, and Tronair, Inc. is a key example of such development.

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