Market Research Blog – Page 9510 – New Product Development

Enterprise VSAT Systems Market Size Predictions : US$ 7.1 Billion by 2032

According to a recent study done by FMI, the Enterprise VSAT Systems Market is expected to reach US$ 7.1 billion by 2032, up from US$ 4.7 billion in 2022, growing at a high CAGR of 4.3%. This study presents that the factors such as the expanded adoption of VSAT Systems in the maritime industry are expected to propel the market growth during the forecast period. Enterprise VSAT Systems are commonly installed on ships to provide fast broadband connectivity for both personal contact and business operations, which is a factor that is driving the market growth.

VSAT is used in video conferencing and ERP in industry-related activities and it is used in streaming, video messaging, and email in personal communications, which is another factor the drives the market growth during the analysis period. Moreover, Enterprise VSAT is also used in surveillance applications to support security forces in maritime operations that require compact, lightweight, and small equipment, as well as to protect coastal areas which drive the Enterprise VSAT System Market.

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Businesses are rapidly implementing enterprise VSAT technology innovations due to increased competitiveness, which can help them improve their product and service delivery and hence drive the growth of the market. Furthermore, the growing number of space exploration missions, increasing interest in satellite-assisted warfare, increased deployment of small satellites, and cost-effective satellite launch operations are all expected to drive the Enterprise VSAT System Market size in the future.

Key Takeaways from the Market Study

Global Enterprise VSAT Systems Market was valued at US$ 4.7 Bn by 2022-end
The US to account for the highest value share of US$ 1.9 Bn of global market demand for Enterprise VSAT Systems Market in 2032
From 2015 to 2021, the Enterprise VSAT System demand expanded at a CAGR of 4.7%
By Component, Hardware constitutes the bulk of Enterprise VSAT Systems with a CAGR of 3.8%.

Factors such as demand for a broadband data connection from business and government sectors are expected to accelerate the growth of Enterprise VSAT Systems Market in the forthcoming years, remarks an FMI analyst.

Competitive Landscape

Players in the global Enterprise VSAT Systems Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In March 2022, Hughes Network Systems, LLC (HUGHES) demonstrated two new technologies at the SATELLITE 2022 trade show in Washington, D.C. Hughes showcased new technology that seamlessly integrates Geostationary (GEO) satellite and LTE transports into a single, reliable, low-latency broadband internet connection for consumers. Hughes then revealed its new technology for electronically steerable, flat-panel antennas, including a prototype for delivering OneWeb Low Earth Orbit (LEO) connectivity services.
In February 2022, Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions, and services, expanded strategic partnership with SES. SES had selected Gilat’s SkyEdge IV platform to operate with its SES-17 satellite, a very high throughput satellite (VHTS) to provide fixed services and mobility services.
In January 2022, KVH Industries, announced that ScanReach, an innovator in onboard wireless connectivity solutions designed specifically for the steel vessel environment, had joined the KVH Watch Solution Partner program to offer KVH Watch Cloud Connect services. ScanReach’s breakthrough onboard wireless connectivity technology enables data to travel anywhere on the vessel without cabling; combined with KVH Watch Cloud Connect, the data will travel to the cloud for useful data analysis to improve vessel performance.

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Know More About What the Enterprise VSAT Systems Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Enterprise VSAT Systems Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Enterprise VSAT Systems Market, the market is segmented on the basis of component, type, enterprise size, and end-use industry across five major regions.

Key Segments Covered In The Enterprise VSAT Systems Industry Report

By Component:

Enterprise VSAT Hardware Systems
- Antennas
- Modems
- Others
Enterprise VSAT Services

By Type:

Dedicated Bandwidth VSAT Systems
Shared Bandwidth VSAT Systems

By Enterprise Size:

Enterprise VSAT Systems for SMEs
Enterprise VSAT Systems for Large Enterprises

By End-Use Industry:

Industrial Enterprise VSAT Systems
Enterprise-based Enterprise VSAT Systems

By Region:

North America
South America
Europe
Asia Pacific
MEA

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Identity As A Service Market is Anticipated to Reach US$ 13.7 Bn by 2032 | Report by FMI

The size of the global identity as a service market is anticipated to grow consistently between 2022 and 2032 at a CAGR of 11.9%. From US$ 3.7 Bn in 2021, the market for identity as a service is projected to grow from US$ 4.4 Bn by 2022 to US$ 13.7 Bn by 2032. The need to fulfill regulatory mandates and data protection legislation, as well as increased demand for cloud-based security solutions and services, are the primary reasons driving the identity as a service market.

The velocity at which the COVID 19 problem has escalated has taken the international economy by surprise. The COVID 19 epidemic has had an impact on public health, the economy, and people’s social well-being all across the world. In such cases, a rising tendency of working remotely may be seen in nations where government officials have enforced a lockdown.

To secure essential organisational data, organisations would improve the identity and access management framework by adding a complete security layer in data protection and identity and data theft prevention. Organizations that encourage their workers to work remotely would implement Single Sign-On (SSO) to cloud apps.

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The growing need for cloud-based security services and solutions as a result of data security concerns is expected to drive the use of Identity as a Service (IDaaS) solutions. Organizations must give access to workers working remotely while ensuring security compliance, necessitating the use of identity and access solutions. Identity as a Service Solutions is in high demand due to stringent regulatory regulations and data protection legislation. To maintain strong security against the escalating threats associated with cloud service adoption, end-to-end identity, and access management features would be necessary.

The growing popularity of the Bring Your Own Device (BYOD) trend in most telecommunications and information technology organisations is likely to help promote industry development. Businesses’ IT departments are striving to secure their organisations’ informational assets when external gadgets penetrate the company’s network.

Furthermore, the penetration of multi-cloud computing systems in the current organisational environment, particularly in telecommunications and IT firms, is increasing considerably. The increasing popularity of such multi-cloud computing systems highlights the need for far more robust identity management services to secure their public cloud infrastructures.

Many governments and financial institutions are presently encouraging digital payments in order to reduce operational expenses and increase transaction visibility. As a result, the merging of digitalized payment systems into banking and government services is likely to increase demand for identity-as-a-service in the near future.

Furthermore, increased government and corporate business expenditure on security solutions to ensure regulatory compliance and prevent identity theft are likely to drive development. North America is the region’s biggest identity as a service market. Due to the increasing number of security threats and data breaches, North America is the major consumer of cyber security solutions.

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Key Takeaways:

The provisioning from identity as a service market is expected to grow at the fastest CAGR of 11.9% in the component sector.
Hybrid cloud is expected to grow at a high rate in the deployment type sector of identity as a service market, with a CAGR of 10.8% during the forecast period.
China’s identity as a service market is expected to be worth US$ 995.1 Mn by 2032, with a CAGR of 11.7% over the forecast period.
The market size for identity as a service in the United States is expected to reach US$ 4.9 Billion by 2032, growing at a CAGR of 11.7% during the research period.
UK is expected to reach a market size of US$ 579 Mn in identity as a service market by 2032, with a CAGR of 10.9% during the research period.
Japan is expected to have a market size for identity as a service of US$ 786.2 Million by 2032, with a CAGR of 10.4% during the research period.
By 2032, South Korea is expected to reach a market size of US$ 479.1 Million in the identity as a service market, with a CAGR of 9.4% during the research period.

Competitive Landscape:

The market for identity as a service is very competitive, with numerous significant companies. In terms of identity as a service market share, the industry is currently dominated by Okta, Ping Identity, Idaptive, Microsoft, and Oracle.

This identity as a service market leader is working on strengthening its product lines via integration and growing its consumer base into international regions. These firms are increasing their identity as a service market share and profitability through smart joint projects and acquisitions.

Ping Identity Corporation announced the launch of PingID multi-factor authentication on the AWS marketplace in March 2020, allowing AWS customers to effortlessly acquire and deploy PingID into their work network from home, adding an extra layer of security to their existing AWS infrastructure. The organisation has aspired for AWS security competence accreditation as an advanced technology partner in the AWS Partner Network (APN).
January 2020 – OneLogin Inc. announced the launch of its Trusted Experience Platform, which enables enterprises to deliver scalable, secure, and intelligent experiences. It is an end-to-end identity and access management solution that utilises the company’s investment and AI experience to assist manage organisational digital identities for its workforce and customers.

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Key Segments

By Component:

Provisioning
Single Sign-on
Advanced Authentication
Audit, Compliance, and Governance
Directory Services
Password Management

By Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size:

SMEs
Large Enterprises

By Vertical:

BFSI
Telecom and IT
Retail and Consumer Goods
Public Sector
Energy and Utilities
Manufacturing
Healthcare
Education
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Ethernet Storage Fabric Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022-2032

According to a recent study done by FMI, the Ethernet Storage Fabric market is expected to reach US$ 5.4 billion by 2032, up from US$ 1.6 billion in 2022, expanding at a high CAGR of 13.2% from 2022 to 2032. This study explains that the growth in the demand to adopt enterprise mobility is expected to achieve operational efficiency in different enterprises, which will further accelerate the market value.

The rise in the adoption of simplified data center management services, especially by small and medium scale enterprises is another factor bolstering the growth of the market. The growing volume of organizational data will further carve the way for the growth of the market. The major growth rate of the ethernet storage fabric market is due to the growing demand for high bandwidth, performance, and scalability in enterprise and cloud service provider data center. In addition, the rise in the number of businesses and their data has mandated data storage.

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As a result, businesses are turning to innovative storage technologies like Ethernet storage fabric and big data. As the number of businesses grows, so does the volume of data. Data centers and Ethernet storage fabric are becoming more important as a result of this which will drive the market for Ethernet storage fabrics. Increased focus on the technological advancements and rapid increase in the rate of preference by the various verticals will emerge as the major market growth driving factors.

Key Takeaways from the Market Study

Global Ethernet Storage Fabric Market was valued at US$ 1.6 Bn by 2022-end
China to account for the highest value share of US$ 0.4 Bn of global market demand for Ethernet Storage Fabric Market in 2032
From 2015 to 2021, ethernet storage fabric demand expanded at a CAGR of 15.4%
By Application, Enterprise Data Center constitutes the bulk of ethernet storage fabric deployment with a CAGR of 14.0%.

Competitive Landscape

Players in the global Ethernet Storage Fabric Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In August 2021, Arista Networks announced an expansion of its cloud-grade routing solutions that extends its products to the edge. The company had added new features to its EOS operating system to enable its products to be used as edge routers, including new capabilities for virtual private networks (VPN) and traffic engineering.
In May, 2021, Juniper Networks took intent networking to the next level with new Apstra Software to simplify deployment and Day 2 operations in even more data center environments.
In April 2021, Marvell extended automotive networking leadership with a launch of 802. 3ch 10G ethernet PHY.

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More Insights Available

Future Market Insights offers an unbiased analysis of the global Ethernet Storage Fabric Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered In The Ethernet Storage Fabric Report

By Storage Type:

Block Ethernet Storage Fabric
File Ethernet Storage Fabric
Object Ethernet Storage Fabric
Hyper-Converged Ethernet Storage Fabric Infrastructure

By Device:

Ethernet Storage Fabric Switches
Ethernet Storage Fabric Adapters
Ethernet Storage Fabric Controllers

By Switching Port:

Ethernet Storage Fabric of 10 GbE or 25 GbE
Ethernet Storage Fabric from 40 GbE to 50 GbE
Ethernet Storage Fabric of 100 GbE and above

By Application:

Ethernet Storage Fabric for Enterprise Data Centers
Ethernet Storage Fabric for Cloud Service Provider Data Centers
Ethernet Storage Fabric for Telecommunications
Ethernet Storage Fabric for Government

By Region:

North America Ethernet Storage Fabric Market
Latin America Ethernet Storage Fabric Market
Europe Ethernet Storage Fabric Market
Asia Pacific Ethernet Storage Fabric Market
MEA Ethernet Storage Fabric Market

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Factors Influencing the Growth of the Ice Cream Processing Equipment Market: FMI

With the increasing consumption of ice cream and other dairy products, the manufacturing of automated ice cream machinery has increased. Evolving eating habits and demand for innovative flavors of ice cream have compelled manufacturers to switch to advanced automated ice cream manufacturing machinery.

Following the outbreak of COVID-19, the market registered year-on-year (YoY) growth at 3.5% CAGR during 2020-21.

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Relaxation of stringent restrictions imposed during the pandemic has helped in the gradual recovery of the food sector. This is expected to bode well for the global market.

During the FQ-20, surging demand from consumers for packaged ice cream and desserts has helped the market to sustain growth. In the following years, growth will continue on account of the increasing demand for low-fat and organic ice cream.

Backed by this, the market is expected to reach a shipment of 56,000 units during the forecast period.

Key Takeaways from FMI’s Ice cream Processing Equipment Market Study

In terms of product type, the hard ice cream processing equipment segment is expected to lead the market
The continuous freezers segment is expected to be the largest segment, expanding at 4.8% CAGR during the forecast period
Molding equipment is expected to register the fastest growth based on equipment type, followed by the extrusion equipment
India is expected to witness high growth owing to the increasing demand for natural and organic flavored ice cream
China is expected to be one of the most lucrative countries in East Asia for the ice cream processing equipment market
The U.S. is anticipated to retain its dominance, registering steady growth at over 3.6% CAGR during the forecast period
Italy and Germany are identified as key producers and will spearhead the growth of Europe’s ice cream processing equipment market
South Korea and Japan, collectively, are expected to register growth at 4% CAGR in 2021

“Increasing consumption of ice cream, technological advancements and growing urbanization in developing economies including India and China are expected to create lucrative growth opportunities in Asian countries,” says the FMI analyst.

Vendor Landscape

The global ice cream processing equipment market is highly fragmented owing to the presence of numerous local and established players.

Future Market Insights has identified some key players in the market such as ROKK Processing Ltd, Tetra Pak Processing Equipment GmbH, Gram Equipment A/S, CARPIGIANI GROUP, Guangzhou Guangshen Electric Produce Co., Ltd, and Nanjing Puyuan Ice Cream Machinery Manufacturing Co., Ltd among others.

Leading players in the market are establishing new plants and introducing new products to gain a competitive edge in the industry. Forming alliances with key companies and local players is another strategy adopted by key manufacturers to sustain their position.

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For instance, in June 2021, ice cream producer Dreyer’s Grand Ice Cream announced the expansion of its two production lines for Drumstick Products. The company announced the investment of US$ 145 million of its new plant in Indiana, U.S.

Also, according to Future Market Insights, Tetra Pak is one of the leading players dominating the ice cream processing equipment market. Tetra Pak specializes in complete solutions for processing, packaging, and distributing food products, especially popular for ice cream and cheese products.

A few years back Tetra Pak launched a high-capacity extrusion line most efficient solution for the large-scale production of ice cream sticks and sandwiches. This company has the most and highest efficient continuous freezer and high precision cutting equipment that guarantees a uniform product with high stability and effective temperature control at every stage, perfecting the product thickness.

As per FMI, currently, Tetra Pak holds the majority of the ice cream processing equipment market share of over 7% and is dominating the global market.

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Ice Cream Processing Equipment Market by Category

By Equipment Type:

Mixing Equipment
Continuous Freezers
Filling Freezers
Homogenizers
Extrusion Equipment
Molding Equipment

By Product Type:

Soft Ice Cream Processing Equipment
Hard Ice Cream Processing Equipment

By Operation:

Automatic
Semi-Automatic

By Region:

Americas
Greater China
Europe & Central Asia
southeast Asia & Oceania
Middle East & Africa

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Future Market Insights (ESOMAR Certified Market Research Organization And A Member Of The Greater New York Chamber Of Commerce) Provides In-Depth Insights Into Governing Factors Elevating The Demand In The Market. It Discloses Opportunities That Will Favour The Market Growth In Various Segments Based On Source, Application, Sales Channel And End-Use Over The Next 10 Years.

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The Market For Aircraft Sequencing Systems Is Forecast To Grow At A Double-Digit Rate.

FMI has released a report titled ‘Aircraft Sequencing System Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2027.’ The aircraft sequencing system market is expected to grow at a significant 11.5 percent CAGR during the forecast period, owing primarily to increased air traffic and constantly improving commercial airline spending globally.

While North America and Europe will remain the most important regional hubs for aircraft sequencing market participants in the coming years, developing countries in APAC and MEA have been identified as attractive investment pockets for aircraft sequencing system market participants. Apart from its significant contribution to global air traffic and trade, North America’s market leadership in this sector is attributed to the strong presence of prominent vendors.

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The aircraft sequencing system market in the Asia Pacific is estimated to witness promising growth in coming years, with governments of fast developing economies such as China and India augmenting their aviation spending. Increasing trade activities involving some of the other prominent Asian countries such as Australia, Singapore, Malaysia, and others will also contribute heavily to the growth of the aircraft sequencing system market within APAC.

MEA’s aircraft sequencing system market is likely to emerge lucrative in line with the flourishing tourism industry within the region. Moreover, the increasing spending on military airports and growing usage of airfreight transportation will strongly boost aircraft usage in MEA, further pushing the revenue growth of the aircraft sequencing systems market.

Thriving World Trade & International Business Relations to Accelerate Adoption of Aircraft Sequencing Systems

Air traffic is expected to increase during the forecast period, attributed to the increasing world trade among various countries including the US and UK, UAE, Kuwait, China, India, South Africa, Brazil, and others. Moreover, the number of airports in these countries is expected to increase due to increasing world trade.

Furthermore, international business relations are becoming stronger due to globalization and the expansion of MNCs. The aforementioned factors are expected to significantly contribute to the growth of the aircraft sequencing system market during the forecast period.

Long-term Contractual Agreements to Trend in Competition Landscape of Aircraft Sequencing System Market

According to FMI’s analysis, some of the market participants in the global aircraft sequencing system market report include Harris Corporation, Amadeus IT Group SA, ATRiCS Advanced Traffic Solutions, GmbH & Co. KG, Thales Group, Eurocontrol, Airtopsoft (Transoft Solutions Inc.), PASSUR, Aerospace, Collins Aerospace (United Technologies), ADB SAFEGATE (Carlyle Group), and Copperchase Limited.

In addition to focusing on delivering seamless customer experience round the clock, key companies in the aircraft sequencing system market are emphasizing long-term contracts with the end users of aircraft sequencing systems. The latter is likely to remain a prominent developmental strategy in the competitive landscape of global aircraft sequencing systems market, according to the report, and will supplement efforts of companies in revenue generation through innovations.

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Key Segments for the Aircraft Sequencing System Market:

By Component

Software
Services

By Type of Airport

Domestic
International

By Application

Commercial
Military
Training Institute

Regions Covered in the Aircraft Sequencing System Market Report:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
APEJ
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
Japan
MEA
- GCC Countries
- Israel
- South Africa
- Rest of MEA

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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Solar Shading Systems Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2032

The solar shading systems market is anticipated to expand at a steady 3 percent CAGR through 2027. By the end of 2027, the market for solar shading systems is expected to be worth US$3,931.3 Mn, up from US$3,672.6 Mn in 2017. Solar shading systems have become very popular in recent years because they make it possible to store and use energy while preventing heat radiation from entering buildings used for residential or commercial purposes. Solar shading systems, which seek widespread adoption to protect buildings against overheating, include adjustable heat-reflecting louvres as a key component.

Solar shading systems provide shading as well as strong architectural features and solutions for intense solar radiation. In order to comply with the most recent solar shading technologies, roofing materials and roofing shingles have undergone significant advancements.

As creative and effective methods of shading spaces, solar shading systems continue to experience a sharp increase in sales. Solar shading systems have become increasingly popular among consumers and owners of commercial space as a result of the widespread concern about global warming.

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The major players in the solar shading systems market offer installation services as well as post-sale services related to maintenance and repair tasks as part of their product offerings.

The market’s top players for solar shading systems are also concentrating on offering automated systems in association with integrated service providers. Airports, train stations, shopping centres, and tourist destinations are some of the lucrative application areas for solar shading systems that have sped up adoption in recent years.

Sales of Solar Shading Systems Are Increasing In Tandem With Urbanization’s Upward Trend.

The expansion of the real estate sector into suburban areas and the resurgence of infrastructure development activities point to opportunities for the solar shading systems market’s players in the near future.

The expansion of smart city initiatives worldwide and the promising prospects of the service sector are additional growth drivers of the solar shading systems market. Commercial spaces are being encouraged to invest in solar shading systems and pertinent smart devices as a result of the expanding carbon footprint of the industrial sector and the mounting pressure of power demand on energy grids.

Construction of Smart Homes and Smart Architecture: The Market for Solar Shading Systems

The idea of a smart building has become increasingly popular as part of the infrastructure of the future city. The market for solar shading systems is anticipated to expand alongside the popularity of smart homes, as these homes generate demand for both aluminum-based and various types of fabrics.

Solar shading systems are used as a crucial component of the infrastructure in commercial buildings based on the smart home concept, which will support market growth in the near future. The increase in home improvement projects has indirectly fueled the use of smart technology and tools to address issues with solar radiation.

Market for Solar Shading Systems: Investing in Home Improvement to Maintain Sales

Spending on enticing luxury and comfort has multiplied in recent years due to the improving global economic climate and rising GHDI of consumers. Home interiors are not an exception to this rule, with recent studies indicating a sharp increase in activities related to home aesthetics. Leading suppliers of solar shading systems are responding to the trend by releasing eye-catching designs that are suitable for consumers’ changing needs.

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Key players operating in the solar shading systems market include WAREMA Nederland B.V., Glasscon GmbH, Thermosash , Alumet, Insolroll controller, Alliance Shadin, Roda Licht- und Lufttechnik Gmb, Comhan, InSync Solar, LINAK, Draper, Inc, Glazing GmbH, Solar Shading Systems, Inc., Construction Specialties, Coltinfo.co.uk, SWFcontract., Norsk Hydro ASA, and Duco Ventilation & Sun Control.

These companies are expected to provide a significant number of quality products, and highly influence the growth of the solar shading system market during the forecast period.

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Demand for Rivet Processing Tools Will Be Driven by Rising Housing Investments and Rapid Urbanization

The report covers comprehensive information on the market trends, value (US$ Mn) and volume (units), competition projections, recent developments and dynamics in the global rivet gun market for the duration between 2018 and 2028. The global rivet gun market is estimated to reach US$ 799.9 Mn by the end of forecast period, registering a CAGR of 6.1% in terms of value. The rising demand for pneumatic rivet guns and the increasing online sales of rivet guns are some of the key factors expected to boost the demand for rivet guns in the global market.

Rivet Gun Market – Competition Landscape

The global rivet gun market is moderately consolidated with top market players holding single digit market shares as of 2017. The top ten players in the global rivet gun market are projected to collectively hold between a 25% and 30% market share.

In the past few years, the rivet gun market has witnessed significant developments from a competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the key strategies adopted by market players to expand and sustain in the global rivet gun market.

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In August 2014, Atlas Copco North America, Asia-Pacific, and U.K. Holding company has completed the acquisition of all entities of self-pierce riveting specialist Henrob with main sirtes in the UK and the US
In March 2015, the company acquired Newell Brands’ Tools Business for US $1.95 billion to strengthen its position in the global tools industry

Some of the key manufacturers covered in this study on the global rivet gun market are GESIPA Blindniettechnik GmbH, Arconic Inc. Atlas Copco AB, Stanley Black & Decker, Inc., Rivetec s.r.o., Malco Products, SBC, Degometal, Fastening Systems International Inc., Ingersoll-Rand plc, LOBTEX Co., Ltd., JPW Industries Inc, Honsel Umformtechnik GmbH, FAR, Campbell Hausfeld and Astro Pneumatic Tool Company.

Rivet Gun Market: Segmentation

On the basis of product type, the global Rivet Gun market has been segmented into:

Pneumatic Rivet Guns
Manual or Hand Operated Rivet Guns
Battery Operated Rivet guns

On the basis of capacity, the global Rivet Gun market has been segmented into:

Light duty Rivet Guns (less than 3mm)
Medium duty Rivet Guns (3-5 mm)
Heavy Duty Rivet Guns (> than 5mm)

On the basis of operation type, the global Rivet Gun market has been segmented into:

Pop Riveting
Slow Hitting
Fast Hitting

On the basis of distribution channel, the global Rivet Gun market has been segmented into:

Online Sales
Offline Sales (Retailers, Distributors)

On the basis of end use, the global Rivet Gun market has been segmented into:

Automotive & Transportation
General Manufacturing
Electronics
Building & Construction
Others

On the basis of region, the global Rivet Gun market has been segmented into:

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

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The Military Parachute Market Is Projected To Reach A Valuation Of US$ 2.3 Bn By 2032

Throughout the forecast period, it is anticipated that demand for military parachutes will grow at a CAGR of 5.5%. The military parachute market is expected to grow from US$ 1.35 billion in 2022 to US$ 2.3 billion or more by 2032.

With the defence industry being the primary end use industry in the market, it is anticipated that the majority of the sales of military parachutes will be driven by their use in a variety of military operations. Additionally, there has been an increase in the use of UAVs for ISR operations, which has been made possible by the growing popularity of parachutes among procedures like leisure.

Future growth in military parachutes sales is also expected to be fueled by an increase in international conflicts. Technical innovations like the use of lightweight cloth, followed by the inclusion of GPS systems, drogue chutes, and recovery parachutes, are likely to help the military parachute market expand globally. Business experts concur that all of these elements appear to be favourable for the expansion of the military parachute market.

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North America to Dominate Military Parachute Landscape; APAC Fastest Growing

While North America is estimated to dominate the military parachute landscape with the maximum market share, falling military spending in the Middle East over the past few years, despite increasingly growing tensions in regions like Iraq, Libya, Syria and Yemen, demonstrates a limited revenue-generating landscape in the Middle East. On the other hand, the military parachute market in Asia-Pacific is projected to exhibit a relatively higher CAGR, considering growing maritime patrol operations across the South China Sea and the Indian Ocean coupled with substantial defence expenditures by China and India.

“FMI forecasts notable spending on RDT&E activities, aimed at expanding the applications of parachutes used in the military sector. In addition, the growing demand for troop parachutes and air-dropping of troops would supplement to the adoption of lightweight and high-load carrying military parachutes. The Lightweighting of military parachutes is expected to remain a crucial revenue-generating opportunity for the manufacturers. Although nylon remains the most widely used material given its high elasticity and more resistance to mildew, Dacron and Kevlar have also been used for parachute canopies”, Senior Analyst, Future Market Insights.

FMI Identifies Pain Points that need to be addressed

Military Parachute Manufacturing Lacks Regulation Standardization

Manufacturers of military parachutes are governed by region-specific regulations with varied testing standards. Moreover, in the absence of uniform flammability standards, manufacturers use their own testing protocols, making it difficult for such products to find prominence, at a global level.

Military Parachutes Users are More Prone to Injuries

Although parachuting is a fast and effective way of transporting a large number of troops, it also is responsible for a number of injuries and sometimes, death owing to imperfect landing. Several studies indicate that injuries in the static line group is much higher compared to the free fall group. In addition, light suits replacing the traditional free-fall parachute jumps for tactical operations, is projected to limit the sales of military parachutes, in the coming years.

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Round-Type Military Parachutes Generate Maximum Revenue; Ram-Air Parachutes Gain Prominence

With approximately 40 percent market share, round-type parachutes will push maximum revenue into the global military parachute market given their superior utility in in military, emergency, and cargo applications. However, advancing at a relatively higher year-on-year growth rate, compared to other types of military parachutes including cruciform parachutes and ribbon and ring/annular, the Ram Air parachutes are the most recent innovation designed to handle, spread, and mitigate the stresses of deployment at terminal velocity. Also, known as parafoils, Ram Air parachutes have the ability to lose altitude quickly, eliminating the need for spirals and S-turns, thereby making it crucial in tactical assault systems.

“In terms of application, military parachutes for personnel will account for almost 85 percent market share, by 2027-end, considering its responsive handling, safe flight characteristics, and better glide performance”.

Insights from Competitive Landscape Analysis

Tier-1 players are projected to exhibit dominance over 35-40 percent market. Such players include BAE Systems, Safran SA, CIMSA Ingenieria de Sistemas, S.A., and FXC Corporation.
Nearly 60-65 percent market concentration is demonstrated by tier-2 players including Complete Parachute Solutions, Inc., and Aerodyne Research, LLC.

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In 2022, The Commercial RAC PD Compressor Market Is Expected To Exceed US$ 5.1 Billion.

A new market research report by Future Market Insights on the commercial RAC PD compressor market is slated to top US$ 5.1 Bn in 2022, likely to surge at a vigorous 4.0% CAGR during the assessment period 2022 – 2028.

The report investigates the commercial RAC PD compressor market and provides key insights over the forecast period of 2019-2029. A rise in food & beverage production, coupled with the growth of cold chain capacities to ensure efficient storage of food, is anticipated to support the demand for commercial RAC PD compressors, worldwide, over the forecast period.

The global commercial RAC PD compressor market is estimated to reach ~US$ 4.5 Bn in 2019 and increase at a CAGR of ~4% over the forecast period of 2019-2029. This growth is majorly driven by the replacement of old commercial RAC PD compressors and innovation in compressor technology.

As several government policies continue to support the production and usage of environment-friendly refrigerants, commercial RAC PD compressor manufacturers are leveraging energy technologies to offer cost-efficient products with lower carbon footprint, reports the FMI study.

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East Asia Commercial RAC PD Compressor Market Attractiveness Rising

Regions such as East Asia, North America and South Asia, are projected to capture substantial market shares in terms of value. However, the East Asia commercial RAC PD compressor market is estimated to project lucrative growth during the forecast period of 2019-2029. This growth is driven by the rapid increase in cold storage food trucks in countries such as China, South Korea, and Japan.

Moreover, significant changes in living standards and improving macro-economic scenario have led to a substantial surge in the number of organized retail stores, worldwide. The prompt growth of the organized retail sector considered by the rise in the number of hypermarkets, supermarkets etc., is anticipated to drive the growth of the overall food chain, that in turn, is expected to boost the sales of commercial RAC PD compressor for refrigerated display cases and other refrigeration equipment. The commercial RAC PD compressor market is likely to grow at a significant rate during the forecast period, supported by the increase in the number of retail stores across the globe.

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Supermarkets and Convenience Stores to Remain Key End-Use Sectors of Commercial RAC PD Compressor

The global market of commercial RAC PD compressors has been segmented based on different types of Commercial RAC PD compressors, their multiple applications, and regions such as Latin America, North America, Europe, East Asia, South Asia, and Oceania and MEA.

By refrigeration, the commercial RAC PD compressor market has been categorized into R134A, R290, R410A, R744, R404A, R407C, and others. Among these, the R410A segment is expected to grow at a high pace, owing to its various advantages such as stretched cooling capacity, better efficiency, and size reduction of the compressor

By product type, the commercial RAC PD compressor market is segmented into reciprocating and scroll compressors. The reciprocating compressor accounts for nearly 64% value wise share, on account of its wide application in various commercial refrigeration equipment in the global commercial RAC PD compressor market.

Commercial RAC PD Compressor Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global Commercial RAC PD Compressor market such as are The Danfoss Group, Huayi Compressor Co., Ltd, Midea Group, Emerson Electric Co., Nidec Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, United Technologies, Corporation, GEA Group AG, MAYEKAWA MFG. CO., LTD.

The global Commercial RAC PD Compressor market is significantly consolidated with some players holding prominent shares of the market. Tier-1 manufacturers account for ~15%-20% of the global market with revenue from the Commercial RAC PD Compressor market of ~US$ 800Mn. Tier-1 manufacturers includes are The Danfoss Group, Huayi Compressor Company Ltd. and United Technologies Corporation

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The Demand For Bandsaw Machines Is Expected To Grow At A Rate Of Over 3.9% Between 2022 And 2029.

However, limitations in terms of producing perfectly-shaped curved edges continues to threaten the relevance, thereby adding new uncertainties to the near-term outlook of bandsaw machines.

Industrial technologies are currently experiencing a seismic shift from the conventional technologies to bandsaw machines. The primary reason behind this trend reversal is an ever-increasing demand for flexibility during cutting applications that comes from the end users, which will further help them serve requirements of their customers in a much more efficient way.

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The FMI analyst opines that there are signs of a majority of the industries moving towards ‘energy efficiency’, which marks positive beginnings for the adoption of bandsaw machines market during the assessment period.

The global bandsaw machines market reflects a fair degree of fragmentation, with a handful of market players accounting for approximately 29-31% revenue share. However, the mid-level and emerging players will command for a major chunk of overall market share i.e. 69-71%, and will remain focused toward extending their sphere of influence via affordable products with ‘best-in-class’ features.

To align with end user proclivity for high-quality bandsaw machines that bring down operational and maintenance costs, manufacturers are placing emphasis on use of high-cost components and working toward reduction of blade changeover downtimes.

According to the FMI analyst, the market players are also shifting their strategic focus toward the development of differentiated and customized bandsaw machines that are suited to varying end-user needs and requirements.

According to the FMI analysis, fully-automatic machines accounted for more than 1/3^rd of the bandsaw machines sales in 2021, with a tough competition by semi-automatic bandsaw machines. Though end-users will remain biased toward bandsaw machines with horizontal orientation, the ones with vertical orientation will witness exponential demand through 2029.

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While the former offers benefits of easy mobility and transportation, the latter offers better visibility on account of the enhanced accessibility. Automotive and transportation will continue to account for a significant pie of the overall market revenues in 2022, standing firmly as the largest end-user of bandsaw machines.

Competitive Landscape:

Key companies in the global Bandsaw market are focusing on launching novel products and services to expand their service portfolio. Some of the players are also aiming at merger and acquisition to gain competitive edge.

Starrett
AMADA Machine Tools Co. Ltd.
Mega Machine Co. Ltd.
Pedrazzoli IBP
Everising Machine Co.
Petra Stroji D.O.O.
MEBA Metall-Bandsagemaschinen GmbH
Santec Group
Cosen Saws International Inc.
ITL Industries Limited
Behringer GmbH
Soitaab Impianti SRL
Multicut
Kasto Machinenbau GmbH & Co. KG.
Others

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Online Channel: The New Pacemaker for Sustained Revenue Growth

With ‘online’ emerging as the new synonym of ‘convenience’ and ‘flexible purchasing’, manufacturers are investing in online sales channels to gain maximum ROI. The growth of online sales is the consequence of dramatic shifts in purchase habits of end users, who seek high-quality bandsaw machines available at the best of prices. The growing number of well-informed customers are calling for reliable information on the product integrity, which also works in favor of online channels that include detailed product descriptions for the consumers’ reference.

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