Safety Laser Scanner Market 2022 Comprehensive Shares, Historical Trends And Forecast By 2027

The Safety Laser Scanner Market is estimated at US$ 298.1 Mn in 2022 to US$ 402.2 Mn in 2027, likely to surge at a vigorous 6.2% CAGR during the assessment period 2022 – 2027. The report positions the high accuracy level of safety laser scanners to remain the primary factor boosting their demand, and further projects that brisk growth in the shipments of mobile safety laser scanners will continue to contribute significantly to the revenue growth of the safety laser scanner market in the coming years.

A large number of manufacturing companies are encouraging the demand growth in safety laser scanners for packaging and logistical operations, which is a high impact factor driving the market growth at present.

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Automotive Applications Continue to Drive Maximum Shipments

With rising concerns of the safety of industrial workers as well as machinery, it is more likely that the safety laser scanner sales would remain on a constant high over the course of coming years. Favorable regulations driven by various regional governments regarding industrial safety are playing a pivotal role in pushing the adoption of safety laser scanners across various industrial verticals.

Accounting for more than 35% share of the global market value in safety laser scanner landscape, automotive industry remains the most prominent end use industry, says the report. While vehicle navigation and a heap of more such applications have been maximum scope of applicability for safety laser scanners, the report also sheds light on the several other end use applications of safety laser scanners in consumer electronics, F&B, healthcare, and pharmaceuticals.

Report Evaluates Competition on the Global Landscape

The report analyzing global safety laser scanner market provides detailed profiles of leading companies operating in the market, revealing their strategic developments. While some of the profiled market players include Rockwell Automation, Panasonic Corporation, Keyence Corporation, Sick AG, Omron Corporation, Leuze Electronic GmbH, and a few others, a majority of them are retaining their strategic focal point on the product quality improvement and innovation. Moreover, according to the report, the likes of Sick AG are concentrating on delivering improved customer experience by augmenting investments in product upgrades.

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Higher Applicability of Safety Laser Scanners Projected in APEJ’s Pharma & Healthcare Sectors

Owing to strong presence of established manufacturing brands utilizing safety laser scanners on a large scale, North America’s market safety laser scanner is slated to hold leading contribution in the global market revenue. Brisk progress of the automotive industry riding on the cutting edge technological innovations will remain the key factor enabling this region to maintain the lion’s share in safety laser scanner landscape at a global level.

On the other side, bolstering shipments of safety laser scanners targeting applications in the rapidly expanding healthcare and pharma industries is likely to underpin improved penetration of safety laser scanner into developing economies in Asian region. In addition, highly lucrative opportunities residing in Asia Pacific for consumer electronics manufacturers are expected to present attractive investment avenues to safety laser scanner manufacturers over the upcoming years. The report forecasts a significant year on year revenue growth for safety laser scanner market in APEJ.

Safety Laser Scanner Market Survey By Category

By Type:

  • Stationary Safety Laser Scanner
  • Mobile Safety Laser Scanner

By End User:

  • Automotive
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Consumer Electronics
  • Others

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Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • Japan
  • APEJ

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Base Station Analyser Market Key Players, End User, Demand and Consumption by 2027

Global deployment of base station analyzers will represent over 200 (‘000) units in 2019 due to continued demand from the IT and telecommunication industries.  A recently published research report evaluating the base station analyzer environment estimates it to be just over 5% per year. About $1 billion in market revenue increased over what was achieved in 2018.

While the greatest potential for base station analyzer installations is identified in the semiconductor and electronics sectors, the IT and telecom sectors and the industry’s total revenue share is estimated at over 55% in 2019.

It is reported that the deployment of base station analyzers in developing markets such as China and India will continue to increase due to dramatic changes in the telecommunication industry, superior Internet reach, and rapid IoT penetration across industries. On the other hand, Japan is also referred to as a lucrative investment pocket for base station analyzer manufacturers, with the exception of Europe and North America.

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VIAVI Solutions Inc. Launches First 5G Base Station Analyzer

The report highlights the importance of 5G and other next-generation technologies that are currently under the spotlight of strategic developments by leading companies operating in the base station analyzer market. Leading manufacturers of high-performance base station analyzers to support already operational WiMAX, 2G, 3G and 4G networks are now shifting their focus to developing optimally operable base station analyzers for upcoming 5G connections.

The growing deployment of wireless technology infrastructure is cited as the most prominent driver driving the demand for base station analyzers worldwide. VIAVI Solutions Inc., one of the market leaders, recently unveiled the industry’s first ‘true’ 5G base station analyzer to meet the needs of 5G NR and 5G TF standards. Claimed to have the capabilities to verify and troubleshoot 5G wireless access, CellAdvisor 5G is poised to strengthen the company’s relationship with its Tier 1 customer companies, facilitating further product innovation.

Favorable position in APAC with impressive and positive prospects for 5G technology

The rapid penetration of 5G technology has closely supported the growth of the Asian market in the field of base station analyzers. This has been further strengthened by increasing foreign direct investment in the Asia Pacific region, particularly China and India.

The growing importance of high-speed internet connections, coupled with the active adoption of advanced technologies across industries, is likely to boost the demand for base station analyzers in Asia significantly over the next few years.

The report highlights the analysis of the pivotal role of government-led FDI in creating lucrative business opportunities residing in developing countries for the world’s leading brands in the base station analyzer market.

Advances in next-generation technology deployments boost developed regional markets.

North America, a major market for base station analyzer manufacturers, is expected to maintain a significant position in the global environment owing to strong government and regulatory support for adoption of 5G technology. Looking at the rate of expansion of next-generation technologies in North America, it is more likely to witness the emergence of 5G wireless applications in the regional market of base station analyzers in the near future.

Although the US is said to be the first country to accept a large 5% wireless application, the study predicts a healthy growth prospect for the US base station analyzer market. On the other hand, Europe is already deploying a number of next-generation technologies in the wireless category, so it is likely to retain high potential business opportunities for base station analyzer manufacturers in the next few years.

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Benchtop Base Station Analyzer Ships Facing Fierce Competition from Laptops

Benchtop base station analyzers can continue to maintain a market value share of around 40% compared to portable and handheld analyzers due to their superior performance and durability. However, hand-held base station analyzers offer attractive opportunities.

Although the advanced features of benchtop base station analyzers can keep deployments higher than others, the report highlights installations for RF test and wireless applications as important factors influencing segment growth. As their popularity grows in the ICT industry, portable base station analyzers will witness an increase in demand, especially from network engineers and RF test engineers.

Manufacturers need to keep their focus on stronger distribution networks.

The in-depth assessment of the global competitive landscape of the Base Station Analyzers Market points to a prominent majority of players in the market who are watching for opportunities to expand their global distribution networks. Manufacturers are likely to enter contractual partnerships with key suppliers in an effort to gain a foothold in the market.

This study covers some of the major players competing in the global base station analyzer space including, but not limited to, RF Industries, Keysight (formerly Agilent), Anritsu, Tektronix, fieldSENSE, GW Instek, Rohde & Schwarz, Fluke Corporation, Rigol Technologies . Inc. and CommScope.

Key Segments

By Product Type

  • Handheld
  • Portable
  • Benchtop

By Vertical

  • Aerospace and Defense
  • IT & Telecommunication
  • Semiconductors & Electronics
  • Others

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Key Regions

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • MEA

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Self-testing Market demand anticipated to reach US$ 11.55 Billion by 2030 | CAGR 5.6% – By FMI

As per the latest market study by Future Market Insights (FMI), the global self-testing market demand is projected to record a CAGR of 5.6% amid the forecast period, 2022-2030.

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice.

Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

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Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

 “Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

Self -Testing Market – Major Takeaways

  • The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
  • By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
  • Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
  • Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

  • Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
  • Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
  • Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

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Self -Testing Market – Regional Analysis

  • North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
  • The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
  • East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies.

Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

Self- Testing Market – Taxonomy

Product

  • Digital Monitoring Instruments
  • Midstreams
  • Cassettes
  • Cups
  • Strips
  • Test Panels
  • Dip Cards
  • Others

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Application

  • Pregnancy & Fertility Testing
  • Blood Glucose Testing
  • STD/ STI Testing
  • Cancer Testing
  • Cholesterol Testing
  • Drug of Abuse Testing
  • Thyroid Testing
  • HIV Testing
  • Others

Sample

  • Blood
  • Urine
  • Stool
  • Saliva
  • Semen
  • Vaginal Swab

Distribution Channel

  • Drug Stores
  • Retail Pharmacies
  • Supermarket/Hypermarket
  • Online Pharmacies

Get Valuable Insights into the Self Testing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global self testing market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the self testing market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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Medical Protective Equipment Market demand to reach US$ 41.6 Billion in 2030, Get Insights FMI

Global medical protective equipment market demand will experience a major upturn in 2022 and onwards, amid the global COVID-19 pandemic, reaching a projected valuation of over US$ 41 Bn through 2030.

The growing pandemic of community infections owing to emergence of new pathogens is expected to increase the demand of medical protective equipments in the global market. This rising number of community and hospital acquired infections will drive market growth in the near future, says a new Future Market Insights (FMI) report.

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Key manufacturers operating in the market offer a wide range of products such as medical masks, gloves, protective clothing, gowns and other products. Owing to non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogen and development of effective treatment, there has been an increasing demand for medical protective equipment, creating an absolute opportunity for growth of the medical protective market.

Covid-19 Pandemic Crisis Fosters Demand

Sudden virus pandemic situation has created huge gap between supply and demand of medical protective equipments. Recently in December 2019, Covid-19 pandemic has been emerged across the global geographies. This highly-transmissible respiratory disease has significantly rise the unmet demand of medical masks, gloves and other protective equipments.

For instance, according to WHO study, WHO has advised personal protective equipment industry and governments to increase manufacturing by 40% to meet rising global demand of personal protective equipment (PPE) amid global Covid-19 outbreak.

Key Takeaways of Medical Protective Equipment Market Study

  • Medical gloves segment is expected to contribute more than 40% of revenue share in the medical protective equipment market.
  • Owing to use of gloves in prevention of primary infections and to perform surgical procedures by healthcare workers, medical gloves segment is the most dominated product type.
  • Disposable medical protective equipment will gain more than 75% of market share in the medical protective equipment market throughout the forecast period.
  • Hospitals and NGO’s/ government organization segments are expected to collectively gain more than 60% of market share in the medical protective equipment market during 2022-2030.
  • Europe is the highest revenue generating market by region due to aging population and high rate of new pathogenic infections. North America is expected to offer lucrative opportunities owing to higher incidence of new infections and increasing volume of innovative surgical procedures.

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Manufacturing Collaborations Preferred to Tackle Massive Demand Growth

Leading manufacturers in the medical protective equipment market are extensively focusing on expansion of their manufacturing capabilities in the disruptive demand. Government is actively encouraging local manufacturers to prioritise an emergency demand of medical protective equipments in the public hospitals and other healthcare set-ups.

For instance, in March 2020, the 3M Company, the U. S. based global leader in medical protective equipments has collaborated with giant automobile manufacturer Ford to transform auto manufacturing facility into respirators manufacturing plant.

Medical Protective Equipment Market by Category

By Product:

  • Gloves
  • Protective Clothing
  • Gowns
  • N95 Respirators
  • Surgical Masks
  • Goggles
  • Face Shields
  • Head Cover
  • Shoes Covers

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By Usage:

  • Disposable
  • Non-disposable

By End User:

  • Hospitals
  • NGO’s/ Government Organization
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Diagnostic and Research Laboratories

By Region:

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

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Ablation Devices Market Size is Expected to total US$ 8.3 Billion by 2029, Says Future Market Insights

The ablation devices market size is expected to reach US$ 3.9 billion in 2022. By 2029, the market is anticipated to grow at a strong 11.3% CAGR and reach US$ 8.3 billion. Here are a few elements that should help to continued growth within the given projection period.

Ablation devices are gathering momentum around the world, owing to their proven procedural efficacy, improved safety profiles, and awareness in current asymptomatic procedure-related events. Over the last decade, ablation devices market have undergone significant technical improvements. These devices offer the benefits of enhanced patient quality of life, patient safety, and clinician efficiency, and are used as a frontline therapy.

Decrement in long-term hospitalization and minimal invasion are critical factors that are expected to propel the growth of the ablation devices market over the coming years. Ablation devices have gained clinical significance on the basis of effective treatment across various medical applications, as well as due to shorter recovery time with affordable minimal invasive procedures.

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Moreover, rising prevalence of chronic diseases such as cardiovascular diseases and tumors are expected to provide impetus to market growth.

However, the coronavirus (COVID-19) pandemic has put forward a challenging situation for players in the ablation devices market. The pace at which the pandemic is spreading and the resultant humanitarian toll is making it difficult for market players to react accordingly. As the healthcare industry is addressing the pandemic along with patients’ ever-evolving expectations, market players are devising future-ready strategies to brace themselves for the humanitarian and economic concerns ahead.

The global ablation devices market was valued at US$ 2.7 Bn in 2021, and is anticipated to witness a CAGR of 11% during the forecast period (2022–2029).

Key Takeaways of Ablation Devices Market Study

  • Advanced ablation catheters has emerged as the largest segment by product type, representing 68% of overall revenue of the ablation devices market in 2021. This is attributed to being a viable alternative management strategy and their frequent use in the clinical management of paroxysmal atrial fibrillation. Further, better clinical outcomes through new ablation technologies to treat most arrhythmias and certain types of structural heart disease are responsible for their significant market share.
  • Hospitals accounted for a leading revenue share of 52%, owing to the availability of ablation devices and skilled personnel for better clinical management of various diseases across several medical domains.
  • Radiofrequency captured a major value share in the technology segment, attributable to its lesser potential risk and side effects, lesser recovery time, and its effective application on patients suffering from multiple tumors.
  • By functionality, automated or robotic ablation devices are expected to grow at an impressive rate; these accounted for around one-third of the global ablation devices market in 2021.

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  • Cumulatively, North America and Europe hold a major share of the global ablation devices market, with the former holding a noteworthy share, and is expected to progress at a high CAGR during the forecast period.
  • Increasing prevalence of chronic diseases, high purchasing power, technology advancements, and government support for quality healthcare are contributing to the hegemony of North America in the ablation devices market, in terms of value.

Ablation Devices Manufacturers to Focus on New Product Launches

Continuous upgradation and product launches in the ablation devices market are spurring intense competition among market players. Several companies are focusing on new product approvals for ablation devices. For example, in February 2020, Hologic, Inc. launched a next-generation NovaSure ADVANCED global endometrial ablation (GEA) system in the U.S. This system has been approved by the Food and Drug Administration (FDA). Regional and local players are also implementing these differentiating strategies to sustain their competitiveness.

Ablation Devices Market by Category

By Product Type:

  • Bipolar Energy Ablation Devices
  • Cryotherapy Ablation Devices
  • Hydrothermal Ablation (HTA) Devices
  • Thermal Balloon Ablation Devices
  • Advanced Ablation Catheters
    • Cryoablation Catheters
    • Irrigated tip RF Ablation Catheters
    • Laser Ablation Catheters
  • Standard Ablation Catheters
    • Conventional Radiofrequency Ablation Catheters
  • MRI Guided Neurosurgical Ablation
    • MRI Guided Laser Therapy Systems
    • MRI Guided RF Ablation Systems
    • MRI Guided Focused Ultrasound Systems
    • Accessories

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By Technology:

  • Laser
  • Radiofrequency
  • Microwave
  • Ultrasound
  • Others

By Application:

  • Cardiovascular
  • Cancer
  • Urological
  • Ophthalmic
  • Others

By Functional:

  • Automated Robotics
  • Conventional

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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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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Cold Forging Machines Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031 

Cold forging is a manufacturing practice in which shaping of work piece is done by applying certain forces at room temperature. If the same process is done at higher temperature then it is known by hot forging. Hence, the machines used for conducting cold forging process devoid of higher operating temperatures are termed as cold forging machines. The growing usage of these machines is completely dependent on the growth of major industries such as automotive and heavy engineering as the expansion and increasing output volumes are the only factors that are supposed to create new demand for cold forging machines. Automotive, construction, general manufacturing, heavy engineering among others are the major end users of the cold forging machines. The growth of these industries will having positive impact on the overall growth of the target market.

Additionally, the growing adaptation of cold forging machines in the global market can be attributed to the highly finished products obtained coupled with cost saving advantages due to skipping of fabrication process. Therefore, the growth of end use industries coupled with advantages offered by cold forging machines is expected to uplift the overall demand for cold forging machines in the future.

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Global Cold Forging Machines Market: Dynamics
Advantages of cold forging machines over hot forging machines is one of the key driver for the market as the parts forged using cold forging process do not requires or very little finishing work. Moreover, the lots of material is also saved in precision shapes coupled with increasing production output are also considered as key factors forcing the manufacturers to prefer cold forging machines over hot forging machines. Additionally, the life span of dies used in cold forging machines are also more. Making the cold forging machines more attractive in the market.

Moreover, there are certain disadvantages of cold forging machines which may have negative impact on the overall growth of cold forging machines market. The machines required for conducting cold forging must be heavier and more powerful. Therefore, the cold forging machines are of higher cost. Furthermore, the products obtained after forging are less ductile and residual stress may occurs during the operation.

Global Cold Forging Machines Market: Segmentation
The global cold forging machines market can be segmented on the basis of product type, process type, end use and region.

On the basis of product type, the global cold forging machines market is segmented as:
2-Die Station Cold Forging Machines
3-Die Station Cold Forging Machines
4-Die Station Cold Forging Machines
5-Die Station Cold Forging Machines
6-Die Station Cold Forging Machines

On the basis of process, the global cold forging machines market is segmented as:
Forging by Hammers
Pneumatic forging hammers
Electro-hydraulic forging hammers
Power-operated forging hammers
CNC hydraulic die forging hammers
Forging by Press
Mechanical press
Hydraulic press
Crank type Mechanisms
Rotary Machines

On the basis of end use, the global cold forging machines market is segmented as:
Automotive
Heavy Engineering
General Manufacturing
Construction
Aerospace

Global Cold Forging Machines Market: Regional Outlook
In the global market of cold forging machines, Asia Pacific is anticipated to dominate the market in terms of both market share and demand. The rising manufacturing activities in the region is expected to create significant demand for cold forging machines in the future. Moreover, high investment in this region owing to higher growth opportunities in the region is also anticipated to drive the cold forging machines market of the region. However, demand form North America and European market is also expected to witness healthy demand for cold forging machines in the coming years. This can be attributed to the demand for lighter and high precision components and parts which can be easily forged using cold forging machines. Furthermore, Middle East & Africa and Latin America Markets are expected to witless relatively higher growth owing to establishment of new industries in the respective regions.

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Global Cold Forging Machines Market: Market Participants

Names of some of the manufacturers engaged in the manufacturing and sales of cold forging machines across the globe are:
National Machinery
STAMTEC, INC.
Nedschroef Herentals
SIJIN INTELLIGENT FORMING MACHINERY CO. LTD.
Zhejiang Dongrui Machinery Industrial
Zhejiang Shengtuo Machinery Co., Ltd.
JYICHYNG.
ZHEJIANG YESWIN MACHINERY
Sacma
Hyodong Machine
Ningbo Sijin Machinery
Wuxi Zhengyao Machinery
Hatebura

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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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Blind Spot Detection Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2027

Over the forecast period of 2022-2032, the blind spot detection system market is expected to grow at a CAGR of 13.9% to reach a valuation of US$ 8.14 Bn by 2032.
Several commercial vehicles are large in size and despite being well-equipped with mirrors, they have poor visibility which increase the risk of accidents. Drivers are unable to see areas adjacent to the vehicle thus side collision with the heavy vehicle is imminent. This is compelling all heavy duty manufacturers to install BSD, which is expected to bolster the growth In the market.
Automobile manufacturers are subject to stringent passenger safety regulations and standards, which are imposed by various government bodies in various countries. During the forecast period, the automotive industry’s technological growth, focus to adopt advanced technologies, develop structured safety features, and a rising adoption of autonomous vehicles is anticipated to create opportunities for the blind spot detection market.

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During the forecast period, the global BSD market is anticipated to be benefited from an increase in per-capita spending power in developing economies, as well as growing demand for premium and luxurious features in passenger vehicles.

“Rising demand for passenger vehicles equipped with ADAS is expected to fuel sales of blind spot detection systems. Besides this, stringent regulations regarding the adoption of safety systems in commercial vehicles will propel the growth in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:
• By technology type, sales in the camera sensor segment are expected to grow at a 13.8% CAGR over the forecast period.
• The U.S. will continue dominating the North America blind spot detection market, with total sales reaching a valuation of US$ 4 Bn in 2022.
• By Region, Europe and East Asia is expected to remain key markets for BSD, about 0% of the total market share by 2032.
• Based on vehicle type, the passenger vehicle segment is forecast to dominate the market with more than 2% of the total market share.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, Magna International, and Mobileye are some of the key manufacturers of BSD system.

Manufacturers /developers of blind spot detection are focusing on mergers, acquisitions and collaborations with OEMs and start-ups to improve their product portfolios and to gain a competitive edge in the market.

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About Us

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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Upper Limb Prosthetics Market share will reach a value of US$ 505 Mn by 2028 at a CAGR of 4.9% | FMI

Global sales of upper limb prostheticsstood at around US$ 379 Mn in 2022. As per detailed industry analysis, the global Upper Limb Prosthetics Market Share is anticipated to grow at a CAGR of 4.9% and reach a valuation of US$ 505 Mn by the year 2028. Upper limb prosthetics have been witnessing progressing sales scenario at a modest pace over the recent past. Besides a rising trend of cosmetic prosthetics, prevalence of sports injuries is significantly contributing to the demand growth of upper limb prosthetics in the global market.

Use of additive manufacturing/3D printing for prosthetics has been gaining momentum within the marketplace, particularly among amputees who are unable to afford the high price point associated with conventional limb prosthetics. Adoption of upper limb prosthetics has been pervasive at hospitals, at a steadily increasing rate.

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FMI expects a higher rate of adoption across prosthetic clinics in the years to come. However, an expensive price point, coupled with mass production incompatibility, is most likely to limit rapid revenue growth of upper limb prosthetics market.

Several prominent players in the competitive landscape of upper limb prosthetics market are prioritizing new product launches eyeing the opportunities lying in competitive price ranges. While this strategy is likely to aid companies improve penetration into developing markets, others will also focus on development of convenient accessories to assist the usage of upper limb prosthetics – such as hand gloves.

As per FMI’s analysis, a considerable number of companies competing in upper limb prosthetics market are concentrating on providing rehabilitative prosthetic services and amputee care. Consistently increasing demand for prostheses following accidental and aging related disabilities will primarily push sales of upper limb prosthetics. Rapid surge in the number of orthopedic disorders and post-traumatic disabilities will also remain a key factor determining demand for upper limb prosthetics in the near future, according to the report.

Prosthetic Wrist to Hold over One-Fourth Market Share

Transradial disarticulation (below elbow) will remain the key indication generating maximum demand for upper limb prosthetics. The report points to a higher revenue share of over 1/4th of the total value, collectively contributed by wrist disarticulation and transhumeral disarticulation (above elbow). Sale of partial hand has also been registering a moderately growing share in the market revenue.

Prosthetic wrist sales account for over a fourth of the total market value whereas, prosthetic arm is likely to develop highest-selling potential in the years to come. Prosthetic elbow and terminal devices are currently among highly sought after components of upper limb prosthetics after prosthetic wrist, according to FMI’s study. The combined revenue share of these two in the market has been anticipated to be more than 45% in 2019. However, prosthetic shoulders will also continue to experience moderate demand over the course of next few years.

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Almost 2/5th of the total demand for upper limb prosthetics is accounted by myoelectric prosthetic devices, followed by body powered counterparts. As per FMI’s analysis, passive prosthetic devices can be positioned as a relatively lucrative type of upper limb prosthetics.

North America & Europe Hold over 55% Share in Market Value

While more than 55% share of the global market revenue is contributed by developed regional markets, the penetration of upper limb prosthetics within most of the developing regions remains in its latency. According to FMI’s study, the market in China, India, and some of the fast-developing economies in East and South Asia economies hints at promising growth prospects post 2019. The report attributes this growth to the sophistication of healthcare infrastructure, improvements in reimbursement scenario, rapid expansion of the patient pool, and the flourishing medical tourism sector.

Increasing per capita healthcare spending, spike in the private and public investments in R&D, and the influx of activities involving shifting of manufacturing bases to developing regional pockets have also been instrumental in establishing a positive growth outlook for upper limb prosthetics market in these regions.

FMI forecasts a 4.9% CAGR for the upper limb prosthetics market revenue over 2022-2028. The report has tracked some of the most prominent players active in the global upper limb prosthetics market, including Fillauer LLC, Touch Bionics Inc., Endolite India Ltd., College Park Industries, and Ottobock SE & Co. KGaA, among others.

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Key Segments of Upper Limb Prosthetics Industry Survey

Upper Limb Prosthetics Market by Product:

  • Passive Prosthetic Devices
  • Body-powered Prosthetic Devices
  • Myoelectric Prosthetic Devices
  • Hybrid Prosthetic Devices

Upper Limb Prosthetics Market by Component:

  • Prosthetic Wrists
  • Prosthetic Elbows
  • Prosthetic Shoulders
  • Prosthetic Arms
  • Terminal Devices

Upper Limb Prosthetics Market by Indication:

  • Forequarter Amputations
  • Shoulder Disarticulations
  • Transhumeral Disarticulations
  • Elbow Disarticulations
  • Transradial Disarticulations
  • Wrist Disarticulations
  • Partial Hand Amputations
  • Fingers Amputations

Upper Limb Prosthetics Market by End User:

  • Hospitals
  • Prosthetic Clinics
  • Rehabilitation Centers

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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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Hammer Mill Market 2022 Assessment and Key Insights Analyzed Till 2032

The global hammer mill market size stood at around US$ 641.3 Mn in 2021 and is expected to expand at a CAGR of 4.3% to reach a valuation of US$ 1,016 Mn by 2032.

Hammer mills are machines that shred or break down heavy movable materials such as rock and mineral ores into tiny parts. Milling grain, fruit juice manufacturing, ethanol facilities, paper shredding, trash management, and farm machinery that mill grain into coarse flour use hammer mills.

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Hammer mills are good for breaking down hard, dry materials like straw, maize cobs, wood chips, and other fibrous materials. They are suitable for use in residential areas due to their low vibration and noise levels, but they are also an excellent investment for commercial applications due to their long life and low maintenance requirements. Because of their diverse processing capabilities, they can be used in a wide range of industries, and the speed can be adjusted to meet a variety of materials.

These days, hammer mills are becoming increasingly popular. The main reason for this is that they are highly adaptable devices. They can be used for a variety of things, including the production of biomass and feed. They are also extremely effective and capable.

“Increased machine utilization and demand for high-quality goods in various sectors, as well as the integration of smart devices into equipment, are driving the expansion of the hammer mill market,” says an FMI analyst.

Key Takeaways:

  • At a CAGR of 5.8%, the fastest-growing product type is Pneumatic Discharge from 2022 to 2032.
  • From 2017 to 2021, the market for Hammer Mill increased at 3.4% CAGR and is expected to grow by 4.3% in 2022
  • Over the forecast period, the hammer mill market in Germany is projected to grow at a significant CAGR of 3.9%.
  • Over the forecast period, the hammer mill market in agriculture sector is projected to grow at a significant CAGR of 4.2%.
  • By Sales Channel, OEM is set to account for more than 95% of the global market
  • By 2032, East is estimated to have the largest share of the global market, accounting for more than 48%.

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Competitive Landscape

Some of the key hammer mill manufacturers included in the report are Andritz, Sandvik AB, Manfredini & Schianchi Srl, Prater Industries, Kurimoto Group, Hosowaka Micron Corporation, Rasa Corporation, Lehra Fuel Tech Pvt Ltd, Perkin Elmer, Kahl & Schlichterle, Schenck Process Holding Ltd Gmbh, Gebr Bellmer Gmbh Maschinenfabrik and Doppstadt.

About FMI – Industrial Automation

The industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry.

We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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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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RFID Kanban Systems Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

The benefits will grow dramatically in the future as cloud-based data storage becomes an integral part of RFID systems. RFID Kanban System market size is expected to reach US$ 1.6 Billion in 2022 registering a CAGR of 18.1% from 2022 to 2032, reaching US$ 8.4 Billion. The mobility offered by RFID technology has long been a major selling point in the market.

As data is stored in the cloud, it can be accessed in real time to improve stock accuracy, replenishment, and product availability. Cloud services can improve productivity and accuracy throughout the entire supply chain, making warehouse employees, IT experts, and other critical members of business more efficient.

Industry leaders will continue to develop new ways to take advantage of RFID Kanban system features beyond materials and technology. These systems will become increasingly valued as more than just tags, providing integrated solutions encompassing a wide range of applications and platforms.

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Key Takeaways:

  • Growing demand for restocking of products the demand for RFID box segment to grow at a CAGR of 17.5% during the forecast period
  • The U.S. market is expected to reach US$ 3 Billion by 2032, growing at a CAGR of 17.9% by the forecast period.
  • Growing demand for automation businesses in China are expected to grow at a CAGR of 17.4% from 2022-2032.
  • Multi-Bin RFID Kanban Systems is expected to grow at a CAGR of 17.9% during the forecast period.
  • A growing demand for inventory management of drugs in Japan is projected to drive market growth at a CAGR of 16.2% during the forecast period.

“Supply chain and inventory management using cutting-edge technology and AI will pave the way to a better future for prominent RFID kanban systems manufacturers, leading to enhanced market growth,” remarks an analyst at FMI.

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RFID Kanban Systems: Competitive Landscape

New technologies and increasing technological innovations in the market will benefit manufacturers. Strategic partnerships can allow a company to expand its operational capabilities. Business expansion can be made smarter and more dynamic to reduce security breaches and power outages.

  • In December 2021, InvoTech Systems, Inc., a leader in trusted identity solutions, was acquired by HID Global, a worldwide provider of trusted identity solutions. As a result of the acquisition, HID Global’s RFID portfolio grows even further to provide a comprehensive range of advanced textile inventory management solutions for uniforms, linens, and laundry operations.
  • In April 2022, Chipotle Mexican Grill is going to test radio-frequency identification (RFID) technology in nearly 200 of their restaurants and distribution center in Chicago. This test has been developed in collaboration with the RFID Lab at Auburn University. In order to enhance inventory and traceability, the company plans to utilize the technology. With this new technology, Chipotle will be able to respond quickly to concerns about food safety and quality.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global RFID Kanban Systems market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by type (Single Bin RFID Kanban System, Multi-Bin RFID Kanban System), by Component (RFID Box, RFID Base, RFID Shelf/Cabinet, Electronic Shelf Displays, Others), By Application (Supply Chain Inventory Management, Equipment Identification, Track, and Trace Solution, Others) & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America.

About Us

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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