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Future Market Insights (FMI) estimates that the demand for Small Satellite will grow at a robust CAGR of 18.5 percent between 2021 and 2031.

By the end of 2021, the market is expected to be valued at more than US$ 3.2 billion, according to the analysis. According to FMI, the emergence of artificial intelligence, the internet of things, and 5G have created opportunities for the market for small satellites to increase. These technologies are now crucial for enhancing economic competitiveness, which fuels market expansion.

Key Takeaways: Small Satellite Market

• By type, the nanosatellite segment is anticipated to account for the leading share in the global market for small satellite during the forecast period. However, the microsatellite segment is estimated to grow at a robust CAGR of 19.5% through 2031.
• By end user, the adoption of small satellites in commercial sector is anticipated to increase at a CAGR of 17.5% between 2021 and 2031, while civil segment is currently dominating the market.
• North America is expected to lead the global small satellite market followed by Europe in 2021.
• The market in Japan is expected to progress at a CAGR of around 16% through 2031.
• In the U.K., sales are expected to increase at a CAGR of close to 13% over the next ten years.

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COVID-19 Impact Analysis on Small Satellite Market

Due to rapid spread of COVID-19  in many regions such as Europe, the US & Asia Pacific, there was a significant drop in demand for small satellites. Also there was corresponding reduction in revenues for various service providers, suppliers across small satellite market owing to manufacturing shutdown, late delivery, limited availability of equipment and limited staff at manufacturing facilities.

For an instance, the U.S. Space Force delayed the launch of Falcon 9, a GPS satellite, by 2 months due to COvid-19 impact. However, the global small satellite demand is anticipated to recover by 2022 fully.

Increasing Demand for High-Resolution Images  

The demand for small satellites is growing substantially all around the world. As per records of nanosats.eu, there are more than 2800 nanosatellites launched into Earth’s orbit as of January 2021. Key players in the industry are launching constellations of nanosatellites or microsatellites into Earth’s orbit for applications including telecommunications and earth observation.

For an instance in January 2020, Sateliot, a nanosatellite and telecommunications operator, signed a Memorandum of Understanding (MoU) with the European Space Agency (ESA) to research, develop, and deploy novel space-capable technologies, goods, and services leveraging 5G. At the back of these factors, the market of small satellites is expected to grow at a significant rate during the forecast period.

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Small Satellite Outlook by Category

By Type:

• Minisatellite
• Microsatellite
• Nanosatellite
• Others

By End User:

• Civil
• Commercial
• Military
• Others

By Region:

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

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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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With a predicted CAGR of 12.2% from 2022 to 2027, the worldwide video walls market is expected to generate revenues of US$ 13,965.6 Mn by 2027, up from a total of US$ 6,870.3 Mn in 2021. The market for video walls makes up around 10% of the overall display advertising industry.

A study report named “Video Walls Market: Global Industry Analysis (2013-2021 and Opportunity Assessment (2022-2028)” was recently released by Future Market Insights (FMI). The use of specialised settings has increased as technology has become more pervasive. Technology behemoths are putting a financial emphasis on research and development and developing new technologies while incorporating new features into their goods in order to increase their customer base.

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Video walls are one such item that has become more popular over the past few years. In newsrooms, conference rooms, and concerts, there is an increasing demand for huge displays and a number of monitors. As a result, over the course of the forecast period, the market for video walls is anticipated to register a remarkable CAGR of 14.1%. By the end of 2027, the market is anticipated to have grown from a worth of approximately US$ 3,738 million in 2017 to one of roughly US$ 13,966 million.

A Plethora of Advantages of Video Walls to Trigger Growth in Demand and Adoption

Video walls provide several benefits in comparison to traditional large screen displays. Earlier, large screen displays were being extensively used in numerous applications such as sports, digital signage, and stadiums, among others. However, video walls offer a high quality pixel density and uniform brightness for each and every picture. As a result, inclination towards the deployment of video walls in the aforementioned applications has increased significantly and is expected to gain traction in the long run.

Apart from this, a single video wall has the ability to display multiple pictures in different formats and resolutions that are being sourced from multiple areas at the same time. Moreover, video wall displays are never limited to a particular design and the images can be presented in various creative forms providing high flexibility. Traditional large screen displays are increasingly being replaced by the unusual video wall concept, due to which the video walls market is expected to grow at a healthy rate over the course of the forecast period.

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Integration of IT Technologies Good Sign for Global Market Growth

Continuous technological advancements have led to the development of video walls with enhanced performance and flexibility. Additionally, the development of new technologies in video walls attract customers into buying them and therefore, can pave the way for the market to reap high revenues. For instance, the development of touchscreen video walls can momentously enhance user friendliness for users, thereby fuelling global market growth.

Video Walls Outlook by Category

By Component, Video Walls Market is segmented as:

• Video Walls Hardware
• Video Walls Software
• Video Walls Services

By Display Technology, Video Walls Market is segmented as:

• LED Video Walls
• LCD Video Walls
• Others (LPD, DLP)

By Industry, Video Walls Market is segmented as:

• Government & Public
• Retail & Consumer Goods
• Travel & Hospitality
• Education
• Healthcare
• Media & Entertainment
• Others

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By Region, Video Walls Market is segmented as:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific (Excluding Japan)
• Japan
• China
• Middle East and Africa (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 5-years.

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The Radar Market size is forecast to total US$ 34.2 Bn in 2022, expanding at a 10% CAGR, the market valuation is anticipated to surpass US$ 60.5 Bn by 2028. A new report published by Future Market Insights (FMI) titled “Radar Market: Global Industry Analysis (2017-2022) and Opportunity Assessment (2022-2028)” states that with the increasing focus of governments on security and the growing funding of the sector are expected to trigger substantial growth in the global radar market in the coming years.

Radar is a type of object-detection system that employs radio waves for determining the angle, range, or velocity of respective objects. It can also be used for detecting ships, aircraft, guided missiles, motor vehicles, weather formations, spacecraft, and terrain. As a result of these benefits, the demand for radar is likely to rise over time, especially in the defence and aerospace sectors.

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Increasing Application Areas to Present Lucrative Growth Prospects

Radar detectors are employed to map out climatic conditions for the air force, army, and other maritime tasks. Shuttle, air ship, boats, and vehicles are few of the key users of radar innovation. The presentation of 3D radar innovation and an expansion in the utilization of unmanned aerial vehicles (UAVs) is driving the market for radar framework and innovation internationally. Unmanned vehicles are basically utilized in peacekeeping activities and are additionally utilized for reconnaissance purposes.

These UAVs work on radio signs, and the installed radar permits these UAVs to execute moving target location, which can track and distinguish moving articles, for example, tanks, choppers, and flying machine with a range up to 9.32 miles. This has brought about and advancement in UAVs for military powers over the world, which will, thus, drive the market for radars in the forthcoming years.

However, budgetary constraints and the dearth of indigenous capacities in several nations are likely to act as a road block in the growth of the global radar market in the course of the forecast period.

Defence and Aerospace to Grab a Substantial Piece of the Pie; Automotive to Catch up

Growing security concerns along with rising defence budgets of both developing and developed nation are the core factors that are expected to boost the growth of the global radar market in the long run. Technological proliferation is expected to have incessant impacts on the growth of the market in this sector.

The developing market for radars is expected to be in the automotive industry. While today’s cars make limited use of radars, future cars are anticipated to integrate radars as a default element in their models. The chances for radar companies to capitalize on this evolving market are currently very high. Several automakers are still looking to partner with component manufacturers on integrated radar systems. For radar manufacturers, the time to invest in automotive radars is ideal because automotive radars are still under research and an early investment from the companies in the R&D process would stand them to gain a favourable learning chance.

Other than these, based on type, detection and search radars will the most used radars followed by weather sensing radars by the end of the forecast period. On the basis of range, the market is expected to be led by medium range. Based on platform, radar are likely to be used highly in airborne activities.

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Key Players to Focus on Technological Enhancement

The players operating in the market are likely to focus on technological enhancement at present to maintain a strong hold over the market in the long run. The leading companies in the market are BAE Systems, SAAB AB, General Dynamics Corporation, Honeywell International Inc., and Leonardo S.p.A, among others.

Radar Market by Category

Platform:

• Land
• Naval
• Airborne
• Space

Range:

• Short Range
• Medium Range
• Long Range

Application:

• Defense & Aerospace
• Marine
• Weather Forecasting
• Remote Sensing
• Automotive

Type:

• Detection and Search
• Targeting Radars
• Weather Sensing Radars
• Navigational Radars
• Mapping Radars

Region:

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

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Automatic Identification System Market is projected to grow at a prolific CAGR of 7.0%, recording a valuation of US$ 348.5 Mn between 2022 – 2027.

An automatic identification system (AIS) is a tracking system used on ships to increase the safety aspect of sailing. A new research report by Future Market Insights briefs all about the global automatic identification system. This comprehensive research report is titled, “Automatic Identification System Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2027)”, which presents the current market scenario along considering the dynamics affecting it.

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Global Automatic Identification System Market: Trends And Opportunities

The robust growth rate expected for global automatic identification system is a result of mandating government regulations to use AIS due to rising safety concerns. Owing to this, players associated with the automatic identification system market are focusing on research & development and continuously upgrading their product portfolios in order to meet the demands of the competitive automatic identification system market.

The emergence of satellite or cloud based communication is also a great opportunity for major players to develop innovative offerings which integrate modern AIS with satellites. Cloud management for AIS is at a development stage, and soon, it will have a high demand in the market due to its advanced and smart features. Companies providing this feature will have huge opportunity by being technologically ahead in the market.

Global Automatic Identification System Market: Segmental Analysis

• Based on Region, APEJ is expected to be the strongest region, with market size expected to reach over US$ 130 Mn by the end of 2027, growing at a CAGR of 7.1% during the forecast period. In terms of growth rate, MEA is also expected to be one lucrative segment during the forecast period.
• Based on Application, vessel tracking segment dominates the market with a high market size and growth rate. It is expected to reach a market size of over US$ 180 Mn by the end of 2027, growing at a CAGR of 8.8% during the forecast period.
• On the basis of Category, the vessel based segment is projected to be the most attractive one in terms of value, with an expected market size of over US$ 250 Mn by the end of 2027. Among the types of vessel based AIS, class A contributes the most in the growth of vessel based products.

Global Automatic Identification System Market: Competitive Landscape

FMI’s report on the Global Automatic Identification System market includes a major section on the competitive analysis of the market. This section briefs the major players who are leading in the global automatic identification system market. Some of these key players mentioned in the report are Wartsila Corporation, Japan Radio Corporation, L3 technologies, Orbcomm Inc., Garmin, True Heading AB, Raymarine, Jotron AS, C.N.S. Systems AB, ACR Electronics Inc., ONWA Marine Electronics Co. Ltd etc.

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Automatic Identification System Market By Category

By Category:

• Vessel Based
  • Class A
  • Class B
• Shore Based
  • AIS base stations
  • AIS AtoN
  • Others

By Application:

• Fleet Management
• Vessel Tracking
• Maritime Security
• Others

By Region:

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

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As per the revised market research by Future Market Insights (FMI), the global mass notification systems market reached a valuation of around US$ 7.6 Bn in 2020, and is anticipated to surge at a CAGR of 18.5% over the next ten years.

The proliferation of smartphones and the accessibility of the Internet across the globe have improved the mass notification systems, catapulting it as an incredibly powerful, efficient and flexible business tool.

With the help of smartphones and Internet, it is now possible to communicate with any number of people, irrespective of their location. According to the report, factors such as increasing adoption of wireless emergency alert system and proliferation of smartphones across the globe are projected to drive growth of the mass notification systems market.

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Key Takeaways from Market Study

• The South Asia & Pacific market is expected to offer lucrative growth opportunities due to growing industrialization and increasing frequency and natural disasters in the region.
• Growing trend of cost-effective mass notification systems along with technological advancements are creating growth opportunities for component manufacturer and providers.
• The market in the U.S. is projected to expand at a CAGR of 13.2% through 2031.
• Germany will emerge as a highly lucrative market for sales. Demand in Germany has been forecast to rise at around 16.0% CAGR through 2031.
• Market growth in China, Japan, and India is expected to be much higher, at around 19.7%, 23.9%, and 29.9%, respectively.
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • Applications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban centers

Impact of COVID-19 on Mass Notification Systems Market

The COVID-19 pandemic outbreak has disrupted many industries, including the mass notification systems market. Mass notification systems are installed to alert people about prospective exposure, without triggering panic.

The demand for mass notification systems solutions and devices such as in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems and IP-based notification devices however increased during the lockdown resulted by COVID-19 outbreak. This created opportunities for the market growth.

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Emergence of Connected Safety Solutions Driving Market Growth

A crisis is the worst situation to draft messages for various audiences, doing phone calls, social media posting and other activities, especially when risks is on rise with every passing second. Mass notification systems not only reduce the staff workload but help resolve and recover from any incident quickly, with as little damage as possible.

Connected safety solutions uses IoT-connected sensors to increase the ability to gather data and make informed decisions.

It helps prepare better and quicker response to peoples in crisis situations. Emergence of IoT helps in boosting the reach, speed, and cost-effectiveness of mass notification systems. IoT enables to automate manual processes in an intelligent way, so the output is always relevant to the situation and to the person receiving the notification.

More Valuable Insights on Mass notification systems Market

A new market research report published by Future Market Insights (FMI) on the global mass notification systems market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.

The report provides valuable insights on the basis of component (hardware (fire alarms,   public address systems,   alert beacons, duress systems, others) emergency notification platform, services (installation & deployment, support & maintenance, warning system designing, emergency response services)), solution (in-building mass notification systems,   wide-area mass notification systems, distributed recipient mass notification systems), application (emergency & crisis notification, business continuity and disaster recovery, business communication & operations, and others), end-use industry (military & defense, government & public sector, industrial, commercial, event & sports venues, critical infrastructures, and others), and across six major regions.

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Europe is projected to hold the largest share of 22% in the VVT actuators market during the forecast period. Due to the presence of some of the most well-known manufacturers in this region, the demand for VVT actuators has increased. The majority of passenger buses and cars in the European areas have VVT actuators, which encourage fuel efficiency.

Furthermore, VVT Actuators are witnessing high demand in Eastern Europe, not just from the automotive and marine industries but also from the aerospace industry.

VVT Actuators enable mechanisms such as advancing or retarding valve timings, and also change or overlap or even lift valves in some applications. VVT actuators controls valve timing and contributes significantly to fuel efficiency improvement and emission reduction by optimally adjusting the opening and closing timing of intake and exhaust valve, as per the need of driving condition. These actuators mostly operates hydraulically and typically uses oil pressure to change the position of a phaser mechanism.

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The technology has been widely used across a variegated range of Japanese and European engines which includes Honda, Nissan, Toyota, Audi, BMW, Mercedes and Volkswagen. However, over the last few years many local manufacturers have also incorporated VVT actuators with their engines. The global VVT actuator market is expected to witness decent growth over the forecast period.

VVT Actuators Market: Drivers & Restraints

The major factors boosting the growth of VVT Actuators market is rising automation across automobile industry. With rising disposable income, the global automobile market is expected to continuously increase over the forecast period. A large chunk of this demand is anticipated to come from the developing nations of Asia pacific and Latin America.

This coupled with increasing focus on improving fuel efficiency and incorporating automation for better control, together will drive the market for VVT Actuators.  Also, as local and regional car manufacturers also increasingly incorporate VVT actuators, demand is on the go.

Furthermore, it is anticipated that many countries will mandate the incorporation of VVT actuator in passenger automotive vehicles, on the backdrop of increasing fuel efficiency, which will significantly fuel the global market for VVT actuators.

Further, with the advent of driverless cars demand for VVT Actuators become unavoidable and the factor is expected to fuel the global VVT Actuators market over the end years of forecast period.  However, high cost of VVT Actuators, still keeps the technology tapered with high end vehicles.

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VVT Actuators Market: Regional Outlook

Geographically, VVT Actuators market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.North America anticipated to be the global leader in terms of demand for VVT Actuators. The region has endorsed some of the most advanced technologies in vehicle automation, and caters wide-scale technological adoption rate.

Further with the advent of companies into driverless vehicles, demand in the regions VVT actuators market is anticipated to shoot up over the end of forecast period. Western Europe being home to some of the most prominent global car manufacturers also caters huge demand for VVT Actuators, as many passenger cars and buses in the regions comes equipped with this technology, amid saving significantly on fuel efficiency.

With increasing demand for cars in Asia Pacific Exc. Japan (APEJ) region, amid rising disposable income, demand for cars with high end features such as VVT Actuators is also on the rise. A large chunk of demand for VVT actuators is expected to come particularly from China and India based automobile manufacturers, as they shift towards global standards.

Latin America, on similar lines as APEJ is expected to boost its demand for automotive vehicles over the forecast period, fuelling more demand for VVT Actuators in the region. Eastern Europe also attracts high demand for VVT Actuators not only from automotive segments, but also from Marine and Aerospace segment.

The Middle East and Africa, VVT Actuators market is also expected to witness gradual growth over the forecast period, as global car manufacturers are expected to gradually set up their manufacturing bases in the region, over the last years of the forecast period.

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VVT Actuators Market: Key Players

Some of the players identified in Global VVT Actuators market are:-

• Mitsubishi Electric Corporation
• Camcraft, Inc.
• Metal Seal Precision, Ltd.
• Mikuni American Corporation
• Zhejiang DiMa Vehicle Industry Company
• Autorun
• GOGO Automatic Company Ltd
• Delphi Automotive LLP

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

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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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North America is anticipated to hold a pin marking machine market share of 16% by the end of 2022. The United States Department of Defense, which has regulated the use of the visible mark on tangible goods in combination with the unique item identifier, is responsible for promoting the demand for pin marking machine, which is likely to uphold the position of the regional market during the forecast period.

Pin marking machine is equipment that uses direct pin marking process to permanently mark parts of product with information such as part number, serial no, barcodes, batch number and date codes which allow tracking the part through the life cycle of the product. The pin marking machine uses  a pneumatic or electric pin to stamp or engraves small series of spaced dots to mark brief of the product for the permanent period ensuring 100% reliable part traceability.

Pin marking machine is driven by embossing permanent information to the parts of the products that gives them unique identification. Rapid and high-performance dot is achieved through pin marking on various metal and plastic part, which are visible throughout the product life cycle and it becomes easy to identify the related information about the embossed part thus gives pin marking machines market as a potential growth factor.

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Pin marking machine are driven by the automotive industry owing to its robust use in embossing serial number and batch number on parts of the vehicle. Moreover, use pin marking machines over automotive parts helps during the theft of the vehicle, as the embossed writing cannot be changed or tampered and thus adds to another potential factor to the growth of global pin marking machine.

The application of pin marking machine in electronic is another driving factor to the growth of market owing to its extensive use in chips installed in laptops and mobile phone to mark the unique identification for each chip and gives brief information about the manufacturing series.

The air pressure in pneumatic pin marking machine allows deeper and smoother looks at a much faster speed which are required for airplane parts as well agriculture machinery as the metal get corrosive during its life cycle which later can be identified easily.

The machine can be used on various metals such as iron, brass, copper, as well as plastic are some factors that support the growth of the pin marking machine market. The application of pin making is also observed in logistic industries and construction equipment that gives the product permanent identity.  The growth of laser marking in automotive and manufacturing industries possesses major threat to the pin marking machine market.

Global Pin Marking Machine Market: Region Wise Outlook

The global pin marking machine market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA).

North America is estimated to hold a significant high share in the global pin marking machine market. The significant share is accredited by the United States Department of Defense that has regulated the use of the visible mark on tangible items in aggregation with the unique item identification.

Followed by North America is Western Europe to hold a significant share in the global pin marking machine market owing to the presence of car manufacturing units which has an extensive application of pin marking machine. Developed regions of global pin marking machines such as North America and Western Europe are anticipated to grow at healthy CAGR during the forecast period.

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APEJ is expected to grow at a relatively high CAGR during the global pin marking machine forecast period. Rapid industrialization and increase in manufacturing units of automotive industry are estimated to drive the growth of APEJ region.

Global Pin Marking Machine Market: Prominent Players

Few of the prominent players in the Pin Marking Machine market are as follows

• Kwik Mark Inc.
• Mecco Partners LLC
• Gravotech Group
• SIC Marking, Inc.
• Telesis Technologies, Inc.
• Gravotech Engineering PVT Ltd
• Edward Pryor & Son Ltd
• Ostling Marking Systems (SEA) Pte. Ltd.
• Pannier Corporation
• Nichol Industries Pty Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil and Rest of Latin America)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
• Eastern Europe (Poland, Russia and Rest of Eastern Europe)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, and Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Pin Marking Machine Market: Segmentation

Based on pin marking system: Global Pin Marking Machine market is segmented into

• Single pin marking
• Dual pin marking
• Multiple pin marking

Based on system: Global Pin Marking Machine market is segmented into

• Hand held system
• Bench-top system
• Integration system
• Combo system

Based on technology: Global Pin Marking Machine market is segmented into

• Pneumatic
• Electromagnetic

Based on end-use: Global Pin Marking Machine market is segmented into

• Automotive
• Electronics
• Aerospace
• Oil & gas
• Agriculture machinery

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The Size Of Commercial Induction Cooktops Market is expected to be valued at US$ 17.5 Billion in 2032 and exhibit immense growth at a CAGR of 8.2% in the forecast period from 2022 to 2032.

Europe is expected to procure the largest commercial induction cooktops market share in the forthcoming years. This growth is attributable to the increasing adoption of technologically advanced induction cooktops in hotels and restaurants across the U.K., Italy, and Germany.

Increasing number of non-residential development projects across the globe is anticipated to drive the sales of commercial induction cooktops in future years. As per FMI, the global commercial induction cooktops market is likely to reach US$ 12.3 Billion in 2022.

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Induction cooking is considered to be one of the most efficient technologies for cooking in both commercial and residential sectors. Commercial induction cooktops work on the principle of magnetic induction, in which the excitation of eddy currents is done in the presence of an oscillating magnetic field. The process is done in a ferromagnetic cookware and by the joules effect, these induced currents can generate and dissipate heat directly in the cooking vessel for cooking.

As a result, there is lower heat loss due to inefficient thermal conduction between cookware and heating element. Size Of Commercial Induction Cooktops Market can transfer 90% of the consumed energy to food. In comparison, traditional electric systems offer only about 74% of thermal efficiency and gas offers only 40% thermal efficiency.

Furthermore, various configurations of commercial induction cooktops, such as single hob, double hob and multi hob commercial induction cooktops, are available in the market, catering to various requirements. Additionally, based on the type of installation, there are mainly three types of commercial induction cooktops available in the market: countertop, drop-in and floor-standing commercial induction cooktops. The configuration may differ according to the end users in the commercial sectors. The prime end users of commercial induction cooktops are restaurants, hotels, canteens, etc.

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Commercial Induction Cooktops Market: Regional Outlook:

The Asia Pacific region is expected to be the most lucrative market for commercial induction cooktops owing to growing urbanization and increasing demand for new alternative for cooking processes. Emerging countries such as, China, India, Japan, etc., are projected to observe significant growth in the market of commercial induction cooktops due to growing number of restaurants and hotels. In Europe, the growing popularity of size of commercial induction cooktops market is projected to drive the market of commercial induction cooktops in the region.

The growing demand for multifunction cooktops from the commercial sector in North America anticipated to drive the size of commercial induction cooktops market in the region. Latin America and Middle East & Africa also expected to register decent growth in the commercial induction cooktops market.

Commercial Induction Cooktops Market: Market Participants:

Some of the market participants in the global commercial induction cooktops market are:

• Panasonic Corporation
• CookTek
• The Vollrath Company, LLC
• Garland Group
• Elecpro
• APW Wyatt
• Equipex
• True Induction
• Globe Food Equipment Co.
• Lincat Limited
• Buffalo
• Fisher & Paykel Appliances Limited
• ELAG Products GmbH
• Dipo Induction
• Admiral Craft Equipment Corp.
• Hatco Corporation
• Spring USA

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Key Segments Profiled in the Commercial Induction Cooktops Industry Survey

By Number of Hobs:

• Single Hob Commercial Induction Cooktops
• Double Hob Commercial Induction Cooktops
• Multi Hob Commercial Induction Cooktops

By Type of Installation:

• Countertop Commercial Induction Cooktops
• Drop-In Commercial Induction Cooktops
• Floor-Standing Commercial Induction Cooktops

By End User:

• Restaurants
• Hotels
• Canteens
• Others

By Region:

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

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.

Contact:
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In terms of market share and revenue, North America is expected to grow steadily throughout the projection period of 2022-2032. The analysts at Future Market Insights predict that by 2022, the market of Ceramic transducers in North America is expected to acquire a global market size of 26.8%.

Furthermore, due to the widespread use of ultrasonography in general diagnostics and the rising prevalence of lifestyle-related chronic disorders, North America is expected to lead the market. Furthermore, the region’s high demand for technologically advanced medical equipment is expected to fuel the growth of the ceramic transducers market.

Ceramic transducers are employed as sensors in a wide range of applications, including detection and alarm systems, the automobile sector, medical equipment and gadgets, and distance measurement with time, acceleration, and flow rate measurements, to name a few. This significant advantage drives the global market.

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Ceramic transducers are used in a variety of applications, including ink printing, structural health monitoring, airbag sensors, seat belt buzzers, radio resonators, tyre pressure indicators, keyless door entry, robots and toys, electronic cigarette lighters, microwave ovens, thickness gauging, vibration measurements, and other similar applications. Ceramic transducers have also used ultrasonic transducers, which transform electric voltage into deformations or vibrations. The vast range of application industries will drive up demand on the global market.

In addition to the end use sectors currently in use, the use of ceramic transducers as sensors in additional applications such as TV, radios, cellular phones, chemical plants, the power sector, aeroplanes, telecommunications, healthcare, and so on is expected to present growth opportunities during the anticipated period.

What Are the Factors Hindering the Ceramic Transducers Market?

One of its limitations is that piezoelectric materials cannot be used for entirely static measurements. In addition, the durability and unfavourable compatibility of piezoelectric materials with concrete structures are drawbacks. Such elements may hinder product demand on the global market.

The market for ceramic transducers is anticipated to be constrained during the forecast period by the availability of substitute products as well as the overall manufacturing sector downturn.

Additionally, the piezoelectric transducer should only be used for dynamic measurements; static measurements are inappropriate. A high piezoelectric cable is required for electrical contact because the device only requires a small electric charge to function. The piezoelectric transducer’s low output necessitates the addition of an external electrical circuit. These restrictions would restrict the global market for ceramic transducers during the forecasted period.

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Market Competition

Businesses in the ceramic transducers industry are getting more and more involved in developing strategies like targeted marketing, CSR initiatives, and other similar initiatives to boost their visibility on a worldwide scale. The fact that these firms are now trying to manage a certain business-related activity in a nation with advantageous policies is a noteworthy development that is being observed across the board.

This enables these businesses to save expenses while still retaining the services of industry specialists at each crucial stage of their respective organisations. Governments in developing nations like India, Taiwan, China, and Indonesia, among others, are putting in place policies to encourage international investors to their various manufacturing sectors by lowering trade taxes and customs in an effort to increase employment.

The key players of this market include

• Crest Ultrasonic Corporation,
• Sensor Technology Ltd.,
• YDA Ultrasonic,
• Precision Acoustics Ltd.,
• TRS,
• TDK,
• Sparkler Ceramics,
• SensorTech,
• Risun Electronic, PI Ceramic, Noliac, Meggitt Sensing, MURATA Manufacturing Co. Ltd, CeramTec, APC International, HARRIS Corporation.

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Key Segments Profiled in the Global Ceramic Transducers Market Report

Ceramic Transducers Market by Material:

• Lead Magnesium Niobate (PMN) Ceramic Transducers
• Lead Titanate (PT) Ceramic Transducers
• Lead Zinc Titanates (PZT) Ceramic Transducers

Ceramic Transducers Market by Application:

• Underwater Acoustic Ceramic Transducers
• Ultrasonic Ceramic Transducers
• Ceramic Transducers for Standard Signal Source
• Ceramic Transducers for Sensing and Measurement
• Ceramic Transducers for Electro-Acoustic Transducers

Ceramic Transducers Market by Region:

• Ceramic Transducers Market in North America
• Ceramic Transducers Market in Latin America
• Ceramic Transducers Market in Europe
• Ceramic Transducers Market in Asia Pacific
• Ceramic Transducers Market in MEA

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.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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