Market Research Blog – Page 3774 – New Product Development

Automatic Identification System Market: Projected to Reach US$ 534.9 Million by 2033 with a 7.3% CAGR

The market for automatic identification systems is expected to be worth US$ 264.5 million in 2023 and US$ 534.9 million by 2033. During the forecast period, the market is expected to grow at a CAGR of 7.3%.

Automatic identification systems are becoming more prevalent as a means of safeguarding ships. The market potential grows in lockstep with the volume of international trade as well as the size of ships and fleets. The maritime department employs an autonomous identification system to manage traffic and reduce collision risk, hence accelerating market growth.

Sales of autonomous identification systems are predicted to increase as navigational systems improve, globalization increases, and worldwide connectivity improves. The growing demand for automatic identification systems to communicate data from coastal authorities to crew members and vice versa is propelling the market growth. During the projection period, the government’s increasing investment in and support of the marine industry will result in a rise in market size.

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Marine Industry Drives Automated Identification System Market Opportunities

The marine industry is massive and spreads all over the world. Cruises, fleets, and ships facilitate almost 90% of international commerce activity. As a result, in order to maintain any circumstance or natural calamity, marine management is implementing an automatic identification system to follow the vessel, control it, and assist it in sailing smoothly.

Shipping businesses struggle to manage huge ships and fleets, such as communicating information, location, and other updates. The development of an advanced technical automatic identification system makes it easier for mariners to keep track of their daily records. Weather forecasts, fuel use, and job data are all monitored by the system. These opportunities in the marine sector propel market growth.

Key Takeaways:

The automatic identification system market is expected to have a valuation of US$ 534.9 million by 2033.
With a CAGR of 8.3%, the global market is expected to grow during the forecast period.
The United States automatic identification system market is anticipated to grow at a CAGR of 5.7% through 2033.
With a CAGR of 6.6%, the United Kingdom market is anticipated to significantly uplift during the forecast period.
The China market is expected to grow at a CAGR of 7.6% over the forecast period.

Who is Winning?

The prominent players are essential to uplift the global market. The players focus on research and development activities to dive deeply into the market. These players and top manufacturing companies are developing better products and services using novel technology.

The prominent vendors are making several marketing strategies to drive market growth. The players are adopting marketing tactics such as mergers, acquisitions, partnerships, and agreements.

A Few Prominent Players in the Market are:

Wartsila Corporation
Japan Radio Corporation
L3 technologies
Orbcomm Inc.
Garmin
True Heading AB
Raymarine
Jotron AS
C.N.S. Systems AB
ACR Electronics Inc.
ONWA Marine Electronics Co. Ltd

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Recent Development in the Automatic Identification System Market are:

In Oct 2021, ExactEarth announced US$ 1.5 million for a one-year contract for Satellite A.I.S. services with Geospatial Intelligence under an agreement.
In Sep 2021, ExactEarth and Spire Global Inc. agreed to a US$ 161.2 million conclusion to acquire ExactEarth.

Automatic Identification System Market by Category

By Category:

Vessel Based- Class A, Class B
Shore Based- AIS Base Station
AIS AtoN
Others

By Application:

Fleet Management
Vessel Tracking
Maritime Security
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Head-Up Display Market Forecasted to Surpass US$ 46.0 Billion by 2033, Driven by Remarkable 18.3% CAGR

The head-up display market is set to expand substantially in the coming years. In 2023, it is estimated to be worth around US$ 8.6 billion, and this value is predicted to soar to a staggering US$ 46.0 billion by 2033. This remarkable growth is driven by an impressive Compound Annual Growth Rate (CAGR) of 18.3% throughout the forecast period.

The market is primarily being driven by the rising global sales of automobiles. Along with this, rising customer demand for luxury and premium vehicles with cutting-edge display and safety features, such as HUD systems, is propelling the market’s expansion.

In order to provide a safer driving experience and thus boost product demand, several manufacturers are incorporating various driver aid features, such as augmented reality (AR) and a bigger space for graphics.

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In addition, a number of automakers are integrating HUDs into mid-range car models in an effort to appeal to middle-class and lower-income consumers, which is anticipated to boost the market.

Other factors influencing the expansion of the worldwide head-up display market include increased urbanization, rising consumer spending power, and a number of technological developments, including the use of liquid crystal displays (LCD) and light-emitting diodes (LED).

Key Takeaways from the Head-Up Display Market:

The U.K. is emerging as an appealing niche in the European market due to the increasing use of cutting-edge technical solutions in the automotive industry. The demand for head-up displays in the United Kingdom is anticipated to grow at a CAGR of 17.3% during the course of the study, according to the report.
Sales in the U.S. market are anticipated to increase at a staggering 18.1% CAGR through 2033 and reach a market share of US$ 16.6 billion by that year, according to FMI. The market is being stimulated by ongoing investments in the military and defense industry, and sales are anticipated to keep increasing in the years to come.
The projection unit had the highest sales volume in 2022, generating US$ 891.6 million in revenue. This is due to its high level of transparency and environmental friendliness.
HUD applications in the automotive sector are expected to grow at 24.2% over the forecast period. To improve the driving experience, leading automakers are deploying advanced HUDs in premium and exclusive vehicle lines.
The primers and base coat segment are dominant in the Heads-Up Display market. Both segments collectively hold around 66.3% of share in global Heads-Up Display market.

Competitive Landscape:

Leading companies in the worldwide head-up display market are concentrating on research and development to incorporate connective technologies like augmented reality and artificial intelligence (AI) (AR). Players want to diversify their product portfolios with this. In order to obtain a competitive edge in the market, firms are also engaging in mergers, acquisitions, and collaborations.

In January 2022, CY Vision introduced 3D augmented reality head-up displays for automobiles. (3D AR-HUD). It offers the broadest field of view in augmented displays now available for all kinds of weather and distances.
In September 2021, For its A320 family of aircraft, Airbus is creating a newly improved flight vision system (EFVS). The sophisticated vision sensor needed to create head-up displays will be provided by Collins Aerospace. The sensor, a system of many specialty cameras, a head-up display (HUD), and cockpit controls make up the EFVS now under development.

Key Players:

BAE Systems
Continental AG
Denso Corporation
Honeywell Aerospace
Microvision, Inc.
Nippon Seiki Co., Ltd.
Panasonic Automotive Systems
Pioneer Corporation
Robert Bosch
Rockwell Collins
Saab
Thales Group
Visteon Corporation
Yazaki Corporation

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Head-Up Display Market Segmentation:

By Component:

Projection Unit
Video Generator
Display Panel
Software

By Technology:

CRT
Micro Electromechanical Systems (MEMS)
Liquid Crystal Display (LCD)
DLP
LCOS
Waveguide

By Application:

Military and Defense
Civil and Aviation
Automotive
Others (Manufacturing, Wearable etc.)

By Type:

Windshield
Combiner
Head-Mounted

By Region:

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

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Enameled Cookware Market Primed for US$ 3.64 Billion Surge by 2033 | FMI

The global enameled cookware market is expected to grow at a compound annual growth rate (CAGR) of 6.45%, with a current valuation of US$ 1.95 billion by 2023. The healthcare industry’s technology advancements are expected to boost the market to US$ 3.64 billion by 2033.

Some of the main factors that drive the growth of global market for enameled cookware during forecast period are increasing awareness among consumer about health issues associated with aluminum coated and non-stick cooking utensils.

The rise in the number of restaurants and hotels is likely to boost market growth. This enameled cast iron cookware are commercially used due to their great warming capacity that makes food crisp and fully cooked while still such utensil undamaged. It makes it an extremely profitable growth potential for the market.

The enameled cookware market is booming due to increasing investments by industry leaders in R&D so that they can provide products for this much-used utilitarian item suited to every facet of consumer needs. Probably the leading markets for enamelled cookware will be North America and Europe, which is likely to maintain its lead throughout the period of assessment.

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Key Takeaways from the Market Study

As of 2023, the enameled cookware market was valued at US$ 1.95 Billion
From 2023 to 2033, the industry is poised to grow at a 6.4% CAGR
By 2033, enameled cookware market is slated to reach a valuation of US$ 3.64 Billion
By distribution channel, the offline segment accounted for the largest share of 70.3% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 6.2% with respect to enameled cookware in 2033

“Growing per capita income and increased spending on kitchenware are expected to radically transform the enameled cookware market in the coming years,” comments an analyst at FMI.

Competitive Landscape

Le Creuset France SAS, Staub Fonderie SA, Lodge Manufacturing Company, Tramontina USA Inc., Cuisinart, Williams-Sonoma Inc., Vermicular, Country Door, Camp Chef, The Coleman Company, Inc are some of the key companies in the enamelled cookware market.

These players are continuously adopting various strategies such as new product launches, facility expansions, mergers, collaborations, partnerships, and acquisitions to increase their revenue share and gain a competitive edge in the market. for instance,

In March 2022: Le Creuset recently launched a new piece of cookware designed to help bake bread, the Le Creuset Bread Oven. The brand says it can also use to make baked goods, meat and vegetables.
In March 2022– The Fulham Group, the exclusive Cuisinart® brand licensee for outdoor grilling products, has debuted an Outdoor Heating collection that brings style and warmth to outdoor entertaining spaces.
In October 2022, Lodge Manufacturing Company expanded and reconfigured its existing facility in South Pittsburg with USD 56 million investment, thereby creating 239 new jobs in the process.

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More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the enamelled cookware market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the Enameled Cookware Market by Market by Product (Ovens, Pots, Pans, Bakery Tray, Others) by application (Residential, commercial) by Distribution Channel (Online, Offline) By Region – Global Forecast 2022-2032

FMIs Domain Knowledge in Consumer Products

Our consumer product consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the industrial automation sector.

Our expertise in recognizing the challenges and trends impacting the global industrial automation industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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Nandini Singh Sawlani

Analog Phase Shifter Market Analysis: Exploring Market Share and Development by Companies Outlook

For constantly changeable phase, which is typically regulated by a voltage, analogue phase shifters are utilised. Varactor diodes or nonlinear dielectrics are used in electrically controlled phase shifters. The main purpose for analogue phase shifters is in phased array antennas, which are utilised in weather radars and satellites for military equipment.

Analog phase shifters have long been used in a small number of satellite communication and radar applications, with the defence industry accounting for a sizable portion of the market. This market situation is expected to alter in the upcoming years as 5G antennas use analogue phase changers. The market for analogue phase shifters will experience a significant increase due to the pervasive and ubiquitous nature of communications infrastructure.

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Analog phase shifter market to grow with arial defence gaining importance among security forces

As political instability and civil war continue in the Middle East, rich economies like the U.S. and Saudi Arabia are likely to spend heavily on their aerial defence programs. Procurement of air-to-surface missiles and up-gradation of military jets is also on the rise.

Many countries are even implementing usage of drones into their arsenal. As phased array antennas are largely used in missile defence systems and military jets, the increasing focus on aerial defence will result in a favourable demand for analog phase shifters in the coming years.

Phased array radars have become omnipresent to defence applications due to significant investments over a long period of time. Several technological advancements in this sector have garnered the interest of a number of industries.

Analog phase shifter market to grow with Arial defence gaining importance among security forces

As political instability and civil war continue in the Middle East, rich economies like the U.S. and Saudi Arabia are likely to spend heavily on their aerial defense programs. The procurement of air-to-surface missiles and up-gradation of military jets is also on the rise.

Many countries are even implementing the usage of drones into their arsenal. As phased array antennas are largely used in missile defense systems and military jets, the increasing focus on aerial defence will result in a favorable demand for analog phase shifters in the coming years.

The application of phased array technology is done in many technologies such as air traffic control, weather monitoring, and automotive radar. Other than this, the usage of phased array antennas is also rampant in passenger airlines and private space explorers to develop applications on top of the currently available products.

Key Segments Covered

By Application:

Radars
Satellites
Telecommunication

By Region:

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
MEA

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Security and Vulnerability Management Market Set to Hit US$ 4.2 Billion by 2027, Propelled by Increasing Cyber Threats

The global security and vulnerability management market is expected to reach a value of US$ 2.5 billion in 2022. It is projected to grow steadily at a compound annual growth rate (CAGR) of 11.3%, reaching a total worth of US$ 4.2 billion by the conclusion of 2027.

Security and vulnerability management solutions and services account for a 5% share of the global cybersecurity market. Enterprises are improving their threat intelligence and risk management operations with security and vulnerability management providers to create effective security systems for their operational infrastructure.

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Tools for threat intelligence and incident response, tools for vulnerability assessment and management, and security information and event management (SIEM) systems are important goods in this sector. Among others, Symantec, McAfee, TrendMicro, and RSA are significant market participants in the security and vulnerability management space.

By the end of 2027, the market for security and vulnerability management is projected to be worth US$ 4.2 billion, having grown at a CAGR of 11.3% from its estimated value of US$ 2.5 billion in 2022. Products and services for security and vulnerability management make up 5% of the global cybersecurity market.

Businesses are upgrading their threat intelligence and risk management operations with security and vulnerability management firms in order to provide effective security solutions for their operational infrastructure. Dynamics Affecting Growth in the Global Security and Vulnerability Management Market.

Global Security and Vulnerability Management Market: Forecast by Region

This research has coverage of the seven important geopolitical regions of North America, Latin America, Eastern and Western Europe, APEJ, Japan, and the Middle East and Africa. North America is anticipated to be the most alluring regional market in the worldwide security and vulnerability management market in terms of value over the course of the projection. However, throughout the projected period, the market in APEJ is anticipated to experience rapid year over year growth. The market in APEJ is anticipated to grow more quickly than other regions, with a CAGR of 13.3% predicted for the forecast period.

Global Security and Vulnerability Management Market: Forecast by Component

On the basis of components, the global security and vulnerability management market is segmented into software and services. In 2016, the software segment was the dominant segment, valued at US$ 4,774.6 Mn, and is expected to remain dominant in terms of value throughout the forecast period. However, the services segment is expected to exhibit relatively high growth rates in terms of value and is anticipated to exhibit a CAGR of 13.6% over the forecast period.

Leading Key Players:

IBM Corporation
Micro Focus
Symantec Corporation
Rapid7 Inc.
Qualys Inc.
Trend Micro Inc.
Tenable Inc.
McAfee LLC
Tripwire Inc.
RSA Security LLC (Dell EMC)

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Security and Vulnerability Management Industry Segmentation:

By Component:

Security and Vulnerability Management Software
Security and Vulnerability Management Services

By Enterprise Type:

Small Enterprises
Medium Enterprises
Large Enterprises

By Vertical:

IT and Telecom
Retail
Government
BFSI
Healthcare
Utility
Defence
Others

By Region:

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

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Demi-Fine Jewellery Market Forecast: 3% CAGR Envisioned until 2033 | FMI

The global demi-fine jewellery market is projected to develop at a compound annual growth rate (CAGR) of 3% from 2023 to 2033, with a valuation of US$ 2,541.40 million worldwide in 2023. Due to its affordability and use of premium materials, demi-fine jewellery makes a great present choice for customers of all ages and for a range of occasions. It therefore increases the market for demi-fine jewels.

The industry of e-commerce blossomed and the appearance of products on online platforms, as well as overall excess use of social media and applications offered a pretty bright perspective for market growth in terms increasing numbers within its target audience. A great number of customers will wear unique styles and desires for a huge variety of jewel pieces such as pendants, various earrings, bracelets rings over the forecast period. (2023-2033).

Net-a-Porter is 2016 one of just a few websites to create the first luxury costume jewelry line, and since then this percentage has increased by 250.A%. Big jewelry manufacturers of the demi-fine jewellery market offer a wide assortment of its models for female customers. In addition, the popularity of the product among women also contributes to its adoption in this industry.

As a result, players have great opportunities to enhance their security and establish themselves in the competitive market.

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Factors such as increasing prevalence of vascular diseases, technological advancements in embolization products and procedures, increasing research and development activities, and growing demand for minimally invasive procedures are driving the market growth. Europe is expected to have the fastest Growth rate of 3.5% during the forecast period. This is due to the rise in the supply of affordable and elegant jewellery. In 2022, Asia Pacific had the biggest market share of more than 45.3%. The sheer volume of key players in the region, such as Tanishq, Queelin, and others, has made significant contributions to catapult consumption.

Key Takeaways from Market Study

The offline segment held the highest market share of 86% in 2021 and is anticipated to dominate the market in the coming years.
The segment below USD 150 is estimated to rise at the highest CAGR of 5.3% over the forthcoming years.
In 2022, Asia Pacific had the biggest market share of more than 45.3%. The sheer volume of key players in the region.
Europe is expected to have the fastest growth rate of 3.5% during the forecast period.

“During the forecast period, a wide range of jewel pieces such as pendants, various earrings, bracelets, rings, and others will inspire a large number of customers to wear demi-fine jewellery in unique styles and desires,” says an analyst at Future Market Insights.

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Key Market Players

Top players in the demi-fine jewellery industry are Missoma Limited, Edge of Ember, Catbird, Astley Clarke Limited, WWAKE, Inc., Loren Stewart, Monica Vinader Ltd., Natasha Schweitzer, Sarah & Sebastian Pty Ltd. The key companies in the demi-fine Jewellery market are expanding internationally to meet demand, and implementing designs through ongoing development is likely to accelerate the Demi-fine Jewellery market forecasts revenue growth.

Otiumberg Ltd. and Hunza G Ltd. collaborated in June 2022 to develop the finest gold hoops. The collection combines Hunza G’s signature crinkle with Otiumberg’s iconic hoop design to produce something unique. The collection combines Hunza G’s signature crinkle with Otiumberg’s iconic hoop design to form something unique.
Missoma Ltd. launched a new demi-fine jewellery line employing recycled gold and conflict-free diamonds in February 2021. The latest collection includes a variety of products with the brand’s distinct style that has been crafted from higher-quality materials for a more luxurious completion.

Key Segments Profiled in the Demi-Fine Jewellery Market Industry Survey

Demi-fine Jewellery Market by Price Range:

Below 150 USD
151-300 USD
301-500 USD

Demi-fine Jewellery Market by Distribution Channel:

Online
Offline

Demi-fine Jewellery Market by Application:

Women
Men

Demi-fine Jewellery Market by Region:

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

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Non-Agriculture Smart Irrigation Controller Market Poised to Surge, Forecasting US$ 1,227.5 Million by 2033

The non-agriculture smart irrigation controllers market revenue totaled US$ 258.5 Million in 2020. As per a new research study, sales in the non-agriculture smart irrigation controllers market are expected to reach US$ 963.0 Million by 2031, at 12.8% CAGR between 2021 and 2031.

The report also forecasts that the market will surpass a valuation of US$ 287.6 Million by the end of 2021. Non-agriculture smart irrigation controllers can be monitored and managed from remote locations via devices such as smartphones, computers, or via smart assistants deployed in a household. Hence, the application of these smart irrigation controllers is increasing in the residential sector.

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Demand for non-agriculture smart irrigation controllers market is increasing due to cost-effectiveness and minimized water waste. These controllers also offer better long-term landscape health, internet of things (IoT)-based ecosystem for smart irrigation, and smart notifications in case of abnormalities.

Further, better ability and advantages of non-agriculture smart irrigation controller products over traditional controllers are is creating conducive environment for the demand in the market.

These smart irrigation controllers also provide better product design and development, customization service, restructuring of the supply chain for higher efficiency. This is expected to offer incremental growth opportunities for the key players.

Governments initiatives for supporting water conservation is increasing the adoption of smart irrigation systems. Also, factors such as the need for efficient irrigation systems, development of smart cities, and reduced cost of sensors and controllers used in smart irrigation systems are expected to propel the demand for smart irrigation products.

“Implementation of advanced technologies such as IoT/M2M sensors and remote control technologies in irrigation systems for various applications such as industrial, commercial, and industrial application will create opportunities for non-agriculture smart irrigation controllers market.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways
• By type, the standalone irrigation controllers segment is anticipated to account for the leading share in the global demand for non-agriculture smart irrigation controllers market during the forecast period.
• The smart irrigation sprinkler controllers segment is estimated to grow at a robust CAGR of 15.4% through 2031.
• By application, the adoption of non-agriculture smart irrigation controllers in industrial segment is anticipated to increase at a CAGR of 13.9% between 2021 & 2031.
• India is expected to witness growth at a CAGR of around 22.0% through 2031.
• In Japan, sales are expected to increase at a CAGR of ~17.3% over the next ten years.

Innovation in Communication Methods to Have a Positive Impact on Market

Connected technologies are becoming an integral part of smart deployments, and manufacturers are increasingly trying to integrate smartphone control functionality into their systems. Most of the smart home-based irrigation controllers are integrating functionalities that can enable them to communicate through smart home systems via voice, using smart assistant devices such as Amazon Alexa.

For instance, in March, 2018, Rain Bird launched Alexa-enabled controllers. Users are able to control their irrigation systems using the voice-activated personal assistant

There is continuous advancement in communication technologies which is creating potential opportunities for the non-agriculture smart irrigation controller market. It helps growers or residential users to access their irrigation systems remotely.

Advanced wireless sensors offer convenience, mobility, etc. and radio frequency technology in irrigation systems provides connectivity with wireless signal communication systems. These aforementioned factors are expected to provide an impetus to the demand in the market.

Leading Key Players:

The Toro Company
Hunter Industries
Scotts Miracle-Gro
Rain Bird Corporation
Skydrop, LLC
Mottech Water Solutions Ltd.
Holman Industries
FlyBird Farm Innovations Pvt. Ltd
Rachio Inc.
Weathermatic
HydroPoint Data Systems, Inc.
Galcon Ltd.
Banyan Water, Inc.
Netafim
Orbit Irrigation Products LLC
Nelson Irrigation Corporation

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More Valuable Insights on Non-Agriculture Smart Irrigation Controllers Market
Future Market Insight’s report on the non-agriculture smart irrigation controllers industry research is segmented into three major sections – type (plug-in irrigation controllers, standalone irrigation controllers, smart irrigation sprinkler controllers), application (industrial, commercial, residential), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the non-agriculture smart irrigation controllers demand outlook.

Non-Agriculture Smart Irrigation Controllers Industry Segmentation:

By Type:

Plug-in Irrigation Controllers
Standalone Irrigation Controllers Smart
Irrigation Sprinkler Controllers

By Application:

Industrial
Commercial
Residential

By Region:

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

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Wine Box Market Demand: Industry worth US$ 1,829.5 Million by 2032

A wine box is a container specifically designed for storing and transporting bottles of wine. These boxes come in various shapes, sizes, and materials, and they serve both functional and aesthetic purposes.

According to Future Market Insights, the global Wine Box Market size is expected to grow from US$ 1,112.5 Mn in 2022 to US$ 1,829.5 Mn by 2032. Overall sales of wine boxes are projected to surge at 5.1% CAGR between 2022 and 2032.

The sales of paper and paperboard wine boxes are poised for growth, with the top three countries expected to collectively capture a market share ranging from 25% to 30% by the conclusion of 2022. In terms of capacity, it is foreseen that multi-bottle boxes will dominate the market, accounting for approximately 84% of the market’s total value share by the end of 2022. This preference for multi-bottle boxes can be attributed to their capacity to accommodate more than one bottle simultaneously. Furthermore, in the box type category, slotted boxes are projected to exhibit a robust compound annual growth rate (CAGR) of 6.1% from 2022 to 2032.

By using wine boxes, there is no need for extra cushioning to be inserted inside, as corrugated boxes are designed to keep bottles safe with layers of corrugated board. Along with that, corrugated boxes also protect wine from moisture as the corrugated board has better performance than regular cardboard.

Rising consumption of bottled wine along with increasing demand for attractive customized packaging solutions is a key factor driving sales of wine boxes globally.

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Key Trends Shaping the Wine Box Market

Both international and local manufacturers are increasingly adopting recyclable corrugated board materials in the production of wine packaging, including wine boxes. This shift is attributed to the growing awareness among discerning consumers regarding the detrimental impact of non-environmentally friendly materials on our planet. Consequently, there is a rapid surge in demand for packaging solutions crafted from eco-friendly materials to mitigate the environmental harm caused by traditional packaging materials.

Drivers:

Growth in Wine Consumption: The increasing consumption of wine, both domestically and internationally, is a significant driver for the Wine Box Market. As wine continues to gain popularity, the demand for packaging solutions, including wine boxes, is on the rise.
Premiumization Trend: The trend toward premium and high-quality wines has led to the demand for sophisticated and attractive packaging. Wine boxes are often used for premium and gift-worthy wine bottles, driving their adoption.
Sustainable Packaging: Many wine producers are transitioning to sustainable packaging options, including eco-friendly wine boxes made from recyclable or biodegradable materials. This aligns with consumer preferences for environmentally responsible products.
Branding and Marketing: Wine boxes offer ample space for branding and marketing messages. Wineries use custom-designed wine boxes to reinforce brand identity, share stories, and engage consumers, enhancing brand recognition and loyalty.
Protection and Preservation: Wine boxes provide protection against physical damage and light exposure, helping preserve the quality and flavor of the wine. This aspect is crucial for maintaining product integrity during transportation and storage.

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Key Players

Smurfit Kappa Group
Mondi plc
Stora Enso Oyj
Graficas Digraf
Marber S.r.l.
Nordpack GmbH
Scotton SpA
OrCon Industries
Cartotrentina S.r.l.
Shenzhen Qingxin Packaging Co. Ltd.
SCHEFFAUER HOLZWAREN GESELLSCHAFT M.B.H.
YDP Quality Packaging (Shenzhen) Co., Ltd.
Adam Pack
Golden West Packaging Group
DS Smith plc

Wine Box Market by Category

By Material:

Paper & Paperboard
Wood

By Capacity:

Single Bottle Box
Multi Bottle Box

By Box Type:

Slotted Box
Folded Box
Telescope Box
Die-cut Box

By Region:

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

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Nandini Singh Sawlani

Mass Notification System in Healthcare Market Set to Reach US$ 3,326.5 Million by 2027 with Impressive 16.9% CAGR

The mass notification system in healthcare market is forecasted to reach US$ 1,521.5 Million in 2022, a valuation of US$ 3,326.5 Million by 2027, and exhibit a remarkable 16.9% CAGR between 2022 and 2027.

With advancements in wireless technology and increasing penetration of smart devices in healthcare associations, digital healthcare innovations are emerging and impacting clinical and business processes, according to FMI’s analysis. These improvements are creating potential growth opportunities for the mass notification system in the healthcare market.

This digital revolution is creating the need for a mass notification system in healthcare to deliver faster, safer, and more effective care for patients and for quick response time in case of emergencies. Moreover, with the emergence of IoT, providers of mass notification systems in healthcare are focusing on offering integrated solutions with IoT technologies and providing standalone systems.

As the healthcare sector continues to aggressively expand in developed and developing countries, it is expected that multiple opportunities will be created for key players in the mass notification system in the healthcare market in the near future.

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According to the report, the rise of IoT is also generating potential growth opportunities for service providers of mass notification systems in healthcare to integrate their solutions with IoT technologies in order to provide standalone systems. Moreover, the growing need for real-time communication solutions for enhanced communication services is also one of the major factors boosting the growth of the mass notification system in the healthcare market.

Target of Operational Expansion in Western Europe and Asia Pacific

Providers of mass notification system in healthcare are continuously focusing on increasing their businesses across countries in Western Europe and Asia Pacific such as Germany, U.K., India, and China. The implementation of various regulations in the healthcare sector of these countries is creating potential growth opportunities for the mass notification system in the healthcare market.

Furthermore, continuous increases in healthcare spending along with robust economic growth of these countries are propelling the growth of the mass notification system in the healthcare market.

For instance, according to the Economic Intelligence Unit, healthcare spending in Western Europe and the Asia Pacific is expected to increase with a CAGR of ~5% and ~6% respectively.

Increasing Demand for Real-time Communication System

Most healthcare organizations are majorly focusing on real-time communication systems to provide instant and secure messages which is creating potential growth opportunities for the mass notification system in the healthcare market.

Moreover, various healthcare organizations are ready to invest in advanced technologies such as distributed-recipient mass notification systems, which are expected to be one of the key growth opportunities for providers of mass notification systems in healthcare platforms.

Advancement in IT Systems and Healthcare Technologies

Rapid advancements in IT systems and healthcare technologies play an important role in fueling the growth of the mass notification system in the healthcare market. With the rapid development of mobile health technology to improve the patient care experience and care team communication, the adoption of mass notification systems in healthcare is increasing.

Furthermore, increasing use cases of mass notification systems in healthcare is amplifying the competition and resulting in product developments and differentiation strategies by providers of mass notification systems in the healthcare sector.

Leading Key Players:

Eaton Corporation
Honeywell International Inc.
Siemens AG
AtHoc, Inc.–(BlackBerry Limited)
Everbridge, Inc.
ONSOLVE, LLC
Singlewire Software, LLC
Desktop Alert, Inc.
Mircom Group of Companies
Alert Media Inc.
Spok, Inc.

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Mass Notification System in Healthcare Market Outlook by Category:

By Product Type:

In-building Mass Notification System
Outdoor Mass Notification System
Distributed or Hybrid Mass Notification System

By End-User:

Hospitals
Clinics
Nursing Home
Long Term Care
Ambulatory Surgical Centers (ASC’s)

By Region:

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

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Nandini Singh Sawlani

Flat Panel Display Market Surges: Forecasts a Striking US$ 217,682.7 Million Valuation by 2033, Driven by a Robust 3.8% CAGR

The flat panel display market is set to reach a market value of approximately US$ 149.4 billion in 2023, and this figure is anticipated to grow to around US$ 217.7 billion by 2033. Over the forecast period, we expect the sales of flat panel displays to experience substantial growth at a Compound Annual Growth Rate (CAGR) of 3.8%.

Flat panel displays find applications in various industries. In the entertainment sector, they offer high-resolution visuals, a wide colour gamut, and smart features, providing viewers with immersive and diverse content options.

In the computing and productivity realm, flat panel displays have become essential for professionals, gamers, and creative individuals who require high-quality visuals and seamless user experiences.

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Mobile devices, such as smartphones, tablets, and smartwatches, have also embraced flat panel displays, revolutionizing the mobile technology landscape. Furthermore, flat panel displays play a crucial role in advertising and digital signage, enabling dynamic and engaging advertising experiences for businesses.

One emerging trend that is set to drive the sales of flat panel displays is the advancement in information technology. The demand for electronic devices like laptops, televisions, mobile phones, and tablets with flat-panel displays is on the rise.

Manufacturers are focusing on incorporating retina displays and Ultra High Definition (UHD) 4K technology to enhance pixel density and improve visual quality. The flat panel display market is witnessing significant growth and innovation, driven by:

Advancements in display technologies.
Increasing demand for high-quality visual experiences across various industries.

As technology continues to evolve, we can expect further enhancements and exciting developments in the flat panel display industry.

Key Takeaways from the Flat Panel Display Market Report:

Sales of OLED displays are anticipated to expand at a 2.7% CAGR by the end of 2027.
The automotive application segment is projected to secure a CAGR of 4.9% in the coming years.
The consumer electronics segment is expected to rise at a CAGR of 3.3% and capture a significant market share.
In the United Kingdom, the demand for flat panel displays is anticipated to expand by 3.4% between 2023 and 2033.
In Japan, sales of flat panel displays are estimated to reach US$ 14.5 billion by 2027.

“Flat panel displays are transformative in the world of visual technology. These sleek and energy-efficient screens have become ubiquitous in various applications, from consumer electronics to signage and televisions, reshaping the way we view and interact with digital content,“ – comments Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Major Key Players:

AU Optronics Corp.
Emerging Display Technologies Corp.
Innolux Corp.
Sharp Corporation
Japan Display Inc.
Universal Display Corporation
LG Display Co. Ltd.
Panasonic Corporation
Sony Corporation

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Key Developments:

AU Optronics collaborated with PlayNitride Inc., a Micro LED technology vendor, in April 2020 to create high-resolution flexible micro-LED display technology. AUO and PlayNitride combined their display and LED experience to create a leading 9.4-inch-high resolution flexible micro-LED display with a great 228 PPI pixel density.
LG Display exhibited its latest displays and technologies at the CES 2020 in Las Vegas from January 7 to 10, 2020. The firm might introduce a 65-inch Ultra HD (UHD) Bendable OLED panel and a 55-inch Full HD (FHD) Transparent OLED display.
LG Display announced the launch of its 8.5th generation (2,200mm x 2,500mm) OLED panel production factory in Guangzhou, China, in August 2019, with a capacity of producing 10 million large-size OLED panels per year.

Flat Panel Display Market Segmentation:

By Technology:

Liquid Crystal Displays
Plasma Displays
Organic Light Emitting Diode Displays

By Application:

Consumer Electronics
Television
Mobile Phones
Personal Computers
Automotive

By Region:

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

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Contact Us:

Nandini Singh Sawlani