Market Research Blog – Page 9755 – New Product Development

5G Tester Market is Predicted to Grow at 16.7% CAGR Through 2032

The 5G Tester Market valuation to exceed US$ 629 million in 2019 and is expected to register a CAGR of 16.7% between 2019-2027. The report further estimates the 5G tester market valuation to exceed US$ 629 million in 2019, witnessing a bullish 14.6% increase over the value attained in 2018.

In line with businesses seeking networks delivering faster connectivity at lower latency, telecommunication service providers, mobile device companies, and network equipment manufacturers are prioritizing 5G adoption.

Complementing the increasing priority of businesses for data transmission over private networks, global industrial giants are accelerating their move towards owning private 5G networks. While Audi is pioneering the trend of private 5G network ownership in collaboration with Ericsson, Daimler, BMW, and Volkswagen are most likely to follow the trend, thereby fueling demand for 5G testers in the years to come.

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Rapid Upsurge in 5G Trials to Propel 5G Tester Sales

The number of trials for effective 5G implementation has been on a constant rise in the recent past, particularly in the US, South Korea, Japan, the UK, and a few other countries. The report cites 5G trials as the key booster to demand growth of 5G tester in the global market. Developed regional markets will however showcase greater potential for 5G tester market growth owing to high capital investment associated with adoption of 5G testers.

The West of England Combined Authority recently hosted an event as a part of the 5G Smart Tourism Project. The project has been launched in partnership with 25 partners, which also include Aardman, BBC, and Bristol City Council among others. This and more such projects underway are projected to create a favorable growth scenario for the 5G tester market in years to come.

5G Tester Manufacturers Facing a Host of Challenges

FMI’s report has profiled some of the most prominent players operating in 5G tester market, including Keysight Technologies, Anritsu, VIAVI Solutions Inc., Spirent Communications, LitePoint, and Rohde & Schwarz among others. In tandem with 5G introduction, manufacturers of 5G tester are eyeing the emerging opportunities to develop end use-specific equipment.

5G technology implementation is in sight over the next few years. However, telecom industry veterans opine that the 5G technology evolution will bring along a set of accompanying challenges related to measurement and test in terms of design, validation, and manufacturing. This according to the report will be the key demand determinant for 5G tester.

Moreover, the focus of 5G technology developers on mmWave for mobile access is most likely to introduce a new set of testing challenges in the market, which prompts at growing necessitation of a new testing infrastructure in the near future. This will extend strong support to the growth of 5G tester market, according to FMI’s analysis.

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Key SegmentOn the basis of product type

network analysers
signal analysers
signal generators
oscilloscope

On the basis of end-user

network equipment manufacturers
mobile device manufacturers
telecommunication service provider

On the basis of industry

IT & telecommunication
automotive
healthcare
media & entertainment
others

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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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Head-Up Display Market is expected to push sales at a 21.4% CAGR during Forecast 2022 to 2028

The overall head-up display (HUD) market size is projected to top US$ 7.053 Bn in 2022, as per another market assessment by Future Market Experiences (FMI). Growing revenue for free vehicles is supposed to push bargains at a 21.4% CAGR, with the market size showing up at US$ 22.6 Bn by 2028.

Furthermore, the blend of connective headways like mechanized thinking (artificial intelligence) and extended reality in HUDs to chip away at the driving experience and road security will remain a focal improvement driver. As per FMI, applications in the auto region are supposed to remain high, addressing 22% of the hard and fast head-up display market share in 2022.

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Extensive Demand from Automotive and Military and Defense Sectors to Present Lucrative Growth Prospects

The demand for advanced cars has increased substantially in developed as well as developing regions with the disposable income of consumers increasing along with the average household income. Consumers are moving forward with the trends and technologies taking shape in the automotive industry based on which it has been anticipated that the integration of augmented reality is going to be relatively high in the near future, thus pushing the sales of head-up displays. Not only is the automotive sector one of the lucrative end users, the military and civil and aviation sectors are also going to emerge as potential sectors for manufacturers to invest in the near future.

The average household income of consumers in the Asia Pacific region has been constantly increasing over the past couple of years and is expected to maintain the forward trend in the coming years as well. ASEAN countries and India are likely to exhibit a high a demand for advanced and new consumer electronics and cutting edge automotive products including head-up displays. With these factors in consideration, APAC is expected to rise at an outstanding

Companies to Gear up with Population Specific Strategies

The manufacturers and suppliers of head-up displays should focus the middle-class population as their target consumers, mostly developing countries. The introduction of economical and feasible products will help in the expanding their consumer base and also cater to the technological needs of the developing regions. The leading companies in the market are BAE Systems, Continental AG, Denso Corporation, Honeywell Aerospace, Panasonic Automotive Systems, and Robert Bosch, among several others.

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Competition Landscape

Leading players operating in the global head-up display market are focusing on research and development to integrate connective technologies such as artificial intelligence (AI) and augmented reality (AR). Through this, players are aiming to diversify their product portfolios. In addition to this, players are investing in mergers, acquisitions, and collaborations to gain a competitive edge in the market. For instance:

In February 2021, Panasonic displayed a futuristic augmented reality (AR) head-up display (HUD) at the 2021 Consumer Electronics Show. The new HUD uses artificial intelligence to detect and highlight potential obstacles and hazards including pedestrians, cyclists, vehicles, and bridges.
In October 2019, Nippon opened a new development center in Tokyo, Japan, for its HUD business. The new R&D center will focus on tasks such as integrated cockpit development and next-generation HUD development for product enhancement.

How Will the Integration of Connective Technology Influence Head-Up Display Sales?

Augmented reality (AR) is a developing area of technology, which is attracting interest in its ability to overlay digital objects in the surroundings at the consumer’s disposal. To improve the safety features and visibility in autonomous vehicles, manufacturers are getting inclined towards the integration of augmented reality (AR) and artificial intelligence (AI) in HUDs.

When combined with existing holographic HUDs, AR potentially enhances functionality by overlaying navigation indications and other obstacles with color-coded strips and other indicative features.

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Head-up Display Market: Segmentation

By Component

Projection Unit
Video Generator
Display Panel
Software
Others

By Technology

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

By Application

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

By Type

Windshield
Combiner
Head Mounted

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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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Tunable Filter Market is poised to grow at a value CAGR of 7.4% by the end of 2027

According to a new research report titled “Tunable Filter Market: Global Industry Analysis and Opportunity Assessment (2017-2027)” published by Future Market Insights, the global market for tunable filters is expanding rapidly.

During the assessment period of 2017-2027, this market is expected to grow at a value CAGR of 7.4%. During this time, the global market is expected to experience a twofold increase in income. The global tunable filter market was valued at around US$ 77 million in 2017 and is expected to be worth more than US$ 159 million by 2027.

The examination report covers a few factors that drive this development as well as few other perspectives that have a negative impact on it. The comprehensive research distribution includes patterns, threats, opportunities, development drivers, and challenges, as well as their impact on the global tunable filter market.

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The exploration study also discusses itemised evaluating examination of various tunable filters across key areas. The segmental analysis is carried out across North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan, and the Middle East and Africa (MEA), and is used to track the future projections for the global tunable filter market over a decade.

Global Tunable Filter Market: Factors Impacting Growth

There are several factors that have a positive influence on the growth of the tunable filter market. The increasing spending in defence has spurred the use of tunable filters in vehicular radios, wireless communication equipment and radars thus actively contributing to the growth of the global tunable filter market. Moreover, growing wireless sector is expected to drive the growth of tunable filter market. Also, the emergence of 5G is expected to contribute to the market’s growth.

Tunable filters are used in 5G networks and have a crucial role of ensuring proper functioning of 5G technology-based communication systems. However, limited commercial availability of some tuneable filters (for instance, BST or Barium Strontium Titnate) is expected to hinder the growth of the global tunable filter market.

Global Tunable Filter Market: Segmental Snapshot

The global tunable filter market is segmented on the basis of application and region.

In the application category, the wireless communication equipment segment is the largest thus leading the global market. This segment reflected high growth rate owing to increased adoption of tunable filters in wireless communication equipment

With respect to region, North America is expected to present high growth opportunities for tunable filters. in addition, the Asia Pacific excluding Japan (APEJ) region is also highly lucrative and the tunable filter market in this region is projected to grow at a high rate during the forecast period.

Global Tunable Filter Market: Competitive Assessment

This exhaustive research contains detailed intelligence on various players involved in the manufacturing and distribution of tunable filters. Prominent players include Analog Devices Inc., RS Microwave Co Inc., K&L Microwave, Inc., Fairview Microwave Inc., I2R Nanowave Inc., Pole/Zero Corporation and Atlanta Micro, Inc.

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Wireless communication equipment to extensively make use of tunable filters in the coming years

Use of tunable filters has been increasing across several application areas. However, the demand for tunable filters has been meteoric in the wireless communication equipment sector. The wireless communication equipment segment in the application category was valued at around US$ 62 Mn in 2017 and is estimated to reach a high valuation of more than US$ 135 Mn by the end of the year of assessment.

During the period of assessment, 2017-2027, the wireless communication equipment segment is expected to register a stellar value CAGR of 8.1%. Moreover, the Y-o-Y growth of the wireless communication equipment segment is comparatively high than other application segments during 2017-2027 timeline.

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Actionable intelligence which accompanies at every step
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A near to 100 percent accuracy in data and statistics
In-depth weighted analysis with a deep dive in the market across several regions with a detailed five level segmentation
Analytically strong ten year forecasts to assist in planning future moves
Covers market controlling aspects, key developments and innovations from strategic and technological standpoints respectively

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Market Segmentation

By Application:

Tactical Radios
Avionics and Shipboard Cosite Mitigation
Military Vehicular Mount Radio Components
Wireless Communication Equipment

By Region:

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

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Machine Safety Market is supposed to arrive at US$ 9.4 Bn by the end of 2031

According to Future Market Insights, the global machine safety market will be worth US$ 4.8 billion in 2020. (FMI). The global machine safety market is expected to reach US$ 9.4 billion by 2031, growing at a 6.4% CAGR. According to another Future Market Insights report titled “Machine Safety Market: Global Industry Analysis (2016-2020) and Opportunity Assessment (2021-2031),”

This growing income growth is attributed to the consistent development of new machine safety equipment, which is also assisting the market’s development. The presence of unmistakable market members such as Honeywell International Inc., Rockwell Automation, Inc., ABB Group, and others suggests that the United States will be a significant market in the overall machine safety market. China and India, both emerging Asia Pacific economies, have enormous market potential.

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Global Machine Safety Market: Restraints

Complexities in fulfilling environment health and safety regulations
Increasing competition for machine safety product manufacturers leading to a need to maintain quality at low cost
Lack of awareness about machine safety especially in the developing countries of Eastern Europe such as Bulgaria, Hungary, Poland, and Romania
Insufficient testing equipment and laboratories for machine safety equipment
Functioning of industries on low operating margins, especially in the APEJ region
Availability of counterfeit products in the global market
Lack of understanding of machine safety applicability

Global Machine Safety Market: Forecast by Region

North America and Western Europe were the dominant markets in 2016 in terms of revenue sales of machine safety equipment. Countries in North America and Western Europe such as the U.S., the U.K. and France are expected to be key markets for sustainable revenue generation in the global market.

New innovations in products are expected to remain as the key strategy for players in this market to increase their sales growth. In terms of value, Western Europe is projected to be the most attractive market in the global machine safety market during the forecast period. In 2017, the market in Western Europe is estimated to be valued at US$ 662.1 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global Machine Safety Market: Forecast by End Use Industry

By end use industry, the market is segmented into automotive, food & beverages, packaging, material processing, pharmaceuticals, electronics & semiconductors and others. The automotive segment is expected to witness a high market attractiveness index over the forecast period. This segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.6% during the forecast period.

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Global Machine Safety Market: Forecast by Product Type

Product type includes emergency stop control, safety sensors, safety interlock switches, programmable safety system, safety modules and others. Safety interlock switches segment is further sub segmented into electromechanical (Keyed & Unkeyed), hinged pin, limit, non-contact, tongue, and trapped key. Non-contact segment is sub-segmented into RFID, hall, and REED. Safety sensors segment remains the key segment and is estimated to account for over 20% of the revenue share in the global machine safety market by 2017 end.

Machine Safety Market – Competitive Landscape

Some of the key companies in the global market for machine safety that have been profiled in detail in this report include Honeywell International Inc., ABB LTD., Rockwell Automation, INC., Mitsubishi Electric Corporation, Schneider Electric S.A., Eaton CORP. PLC, Datalogic S.p.A., OMRON Corporation, SICK AG, K. A. Schmersal Gmbh & CO. KG., and elobau GmbH.

Companies operating in the market are aiming at innovation and strategic partnerships with other vendors in order to expand their portfolio of services while addressing the demand from an expanding customer pool. For instance:

In October 2021, OMRON Corporation announced the launch of its new inspection system, the VT-S10 Series. The new inspection system makes use of artificial intelligence and imaging technology in order to automate high-precision processes for PCB sub-assemblies, thereby eliminating the need for specialist operator skills. The newly launched system shall help in ensuring the security and safety of the production.
In June 2019, Schneider Electric, announced the launch of Smart Factory in the US, in order to exhibit how its EcoStruxure architecture and related suite of offerings can reduce costs for its customers and support increasing operational efficiency.

Market players are also focusing on entering into partnerships with other solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.

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Machine Safety Outlook by Category

By Component:

Presence Sensing Safety Sensors
Safety Interlock Switches
Programmable Safety Systems
Safety Modules
Emergency Stop Controls
Others

By Industry:

Automotive
Food & Beverages
Packaging
Material Processing
Pharmaceuticals
Electronics & Semiconductors
Others

By Region:

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

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Construction Material Testing Equipment Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The Construction material testing equipment sales surpassed 1 million units in 2018, equaling a market value worth US$ 2.5 billion. A new study by FMI projects revenues to grow at 4.9% y-o-y in 2019. The overall growth of the construction material testing equipment market can be attributed to,

Growing interest of property buyers to investigate the quality of construction before the purchase
Rising importance of durability of construction projects in a bid to ensure public safety
Bullish growth of the construction materials market and introduction of innovative products
Stringent regulatory standards for construction material testing

“Civil engineering projects are largely dependent on the quality of construction materials as they help builders in identifying problems before utilizing the resources, thereby ensuring the economic output of the construction project. This puts construction material testing equipment at hotspot wherein their operations determine the longevity of any infrastructure while lowering future investments in repair and maintenance,” says FMI.

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As construction material testing equipment is an integral part of construction projects, their demand is likely to remain steady in the construction sector. The study finds that demand for construction material testing equipment market is likely to remain higher in on-site locations – in 2018, 5 in 10 construction material testing equipment were sold in on-site location projects.

R&D laboratories and educational institutes also use construction material testing equipment, wherein construction materials are tested during the process of materials production or pilot studies. Extensive research and development activities in the construction materials industry to introduce innovative yet durable materials further increases the importance of construction material testing equipment.

Over 3 in 10 Testing Equipment Sold in Commercial Applications in 2018

Material testing plays a crucial role throughout construction testing as it provides affordable as well as important measures required to ensure long-term sustenance of all infrastructures. With the rising commercial building constructions in developed as well as developing regions, application of construction material testing equipment is likely to consolidate in the commercial application which accounted for over one-third of total sales in 2018.

The FMI study finds that commercial applications accounted for nearly 30% of global sales of construction material testing equipment, whereas transport applications accounted for nearly 20% sales. Residential application also contributed to a significant demand for construction material testing equipment as manufacturers now deliver residential application-specific testing equipment.

Soil Testing Equipment Remain Highly Sought-After

The FMI finds that demand for soil testing equipment remains highest in the construction material testing equipment market and accounted for over 4 in 10 testing equipment sold in 2018. Inspection of soil properties is essential to implement any infrastructure project successfully. Henceforth, soil testing equipments play crucial role in helping builders to understand the behavior of soil which will be used in construction projects as a structural or filling material.

The study opines that remaining 60% share of the construction material testing equipment sales was attributed to equipments that test materials such as aggregate, concrete and other construction materials.

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According to the FMI study, APEJ accounted for one-third of the global demand for construction material testing equipment in 2018. Over the past few years, investments in infrastructure have been one of the key drivers of the region’s economic development.

The region has a dynamic construction sector wherein some countries are engaged in developing domestic infrastructure whereas others are leveraging the potential of export market. In particular, China remains a highly competitive market for construction material testing equipment and accounted for over one-fourth of APEJ demand in 2018.

Europe follows APEJ in terms of construction material testing equipment units sold in 2018. Demand remains concentrated in Germany, whereas the UK also accounts for a significant share of demand in the construction material testing equipment market.

The FMI report tracks the construction material testing equipment market for the period 2019-2027. According to the report, the construction material testing equipment market is projected to grow at 4.9% CAGR through 2027.

Key Segment

On the basis of location

on-site
R&D laboratories
educational institutes

On the basis of application

residential
commercial
transport
other applications

On the basis of product type

soil testing equipment
aggregate testing equipment
concrete testing equipment
others

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Cement and Mortar Testing Equipment Market Providing Information on Key Players, Growth Drivers and Industry Challenges

Increasing demand for process automation across industries is primarily fueling the adoption of cement and mortar testing equipment in construction industry. Poised to see just-under 5% yearly growth in the revenue, the global market for cement and mortar testing equipment is likely to cross the value of US$ 550 million in 2019.

Developing Asian Economies Remain the Hotbed of Opportunities

With more than 1/3rd share of the total market revenue, APEJ remains the most lucrative region for cement and mortar testing equipment manufacturers and distributors.

Although an important market for cement and mortar testing equipment penetration, Europe is likely to demonstrate steady year on year revenue growth in 2019 and ahead.

Whereas developing regions such as Latin America and MEA are poised to display promising performance in coming years – says a newly released market research intelligence study by Future Market Insights.

“China, India, and Singapore are serving a vital role in boosting the growth of cement and mortar testing equipment market across Asian region,” says a senior market research professional at the company.

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Manufacturers to Discover High Potential Opportunities in R&D Sector

Accounting for around half the market value share, on-site material testing has been the largest area for adoption of cement and mortar testing equipment. However, the report prompts at a rapidly emerging opportunity for manufacturers in the R&D sector.

Looking at the rate of revenue generation emerging in R&D sector, it is more likely that research and training laboratories would register relatively higher demand for cement and mortar testing equipment in coming years, according to the report.

Tightening Regulatory Standards for Construction Materials Push Market Growth

Product type assessment of the cement and mortar testing equipment landscape reaffirms continued dominance of compression machines, followed by tensile testing machines.

The analyst explains, “A growing number of strict regulatory standards emerging for quality testing of construction materials including cement and mortar is subsequently creating a positive outlook for further penetration of cement and mortar testing equipment. With growing significance and criticality of adoption of appropriate material testing equipment across the construction industry, compression machines and tensile testing machines are expected for higher growth over other equipment types”.

The machine type analysis of global cement and mortar testing market reveals that lightweight, easy-to-transport, and low maintenance portable cement and mortar testing equipment is currently accounting for over 60% share in the global market value, followed by stationary cement and mortar testing equipment.

Key Insights Drawn from Competitive Landscape Analysis

R&D of advanced technology based testing equipment is likely to help manufacturers enhance their existing portfolio of offerings.
Long-term contractual distribution partnerships with regionally or globally leading distributors are expected to strengthen distribution networks of leading market companies.
Digital testing equipment offering additional features such as digital data recording, and increased automation of equipment delivering higher level accuracy are likely to remain on the radar of key players.

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The top 10 ranking players in cement and mortar testing equipment market account for around 45% share of the total market revenue, leaving the competitive landscape fragmented. The global cement and mortar testing equipment market report offers thorough profiles of leading companies with an objective to shed light on their key strategic developments in recent years.

Some of the players covered in cement and mortar testing report include Humboldt Mfg. Co., NL Scientific Instruments SDN BHD, Controls S.p.A., ELE International, EIE Instruments, Accro-Tech Scientific Industries, Cement Test Equipment, Aimil Ltd., Qualitest International Inc., and Matest.

In an effort to address a longstanding challenge of the lack of skill to efficiently and accurately operate cement and mortar testing equipment, Controls Group – one of the leading suppliers of material testing equipment – recently organized a training session for consumer companies, on the details of operating cement and mortar testing compression machines, in Italy.

Table of Content

1. Global Cement and Mortar Testing Market – Executive Summary

2. Global Cement and Mortar Testing Market Overview

2.1. Introduction

2.1.1. Global Cement and Mortar Testing Market Taxonomy

2.1.2. Global Cement and Mortar Testing Market Definition

2.2. Global Cement and Mortar Testing Market Size (US$ Mn & Volume) and Forecast, 2013-2027

2.2.1. Global Cement and Mortar Testing Market Y-o-Y Growth

2.3. Global Cement and Mortar Testing Market Dynamics

2.4. Value Chain

2.5. Construction Industry Senario

2.6. Global Urbanization Rate

2.7. R&D Expenditure By Country

2.8. Contribution of Construction Industry to GDP

2.9. Lab Equipment Outlook

TOC Continue…

Orbital Shakers Market to Display Impressive Growth of 6.6% with Rising Demand

The approximately US$ 572 million orbital shakers market is likely to demonstrate just-under 7% year on year expansion in 2019. As indicated by a recent market research report published by Future Market Insights, the demand for orbital shakers will remain on a healthy growth trajectory over the next few years.

“With the flourishing laboratory automation industry, the sales of advanced technology laboratory systems are on a constant rise. The subsequently growing demand for orbital shakers is thus pushing the revenue prospects for orbital shakers in recent years. Significantly growing adoption of next-generation laboratory equipment, especially across developing regional markets, is predominantly driving the growth of orbital shakers market,“ explains a senior market research analyst at the company.

However, longer lifespan of orbital shakers, i.e. up to 10 years will remain the longstanding barrier to frequent adoption of orbital shakers, mentions the report.

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Widening Research Expanse Propels Application-specific NPD

Healthcare, medicine, and life sciences industries are increasingly creating a positive outlook for R&D, which is translating into healthy revenue growth prospects for laboratory equipment such as orbital shakers or laboratory shakers. Besides lab and clinical research centers, orbital shakers find wide applicability in the industrial sector, reports FMI research.

The application-specific demand for orbital shakers has been pushing product innovations based on the desired load, weight capacity, orbital range, and speed. Research laboratories are thus exploring the available alternatives in orbital shakers for an appropriate lab environment, creating attractive revenue generation opportunities for orbital shakers manufacturers.

Automatic Orbital Shakers Remain Highly Favored for R&D

The global sales of automatic orbital shakers are projected to exceed the valuation of US$ 435 million in 2019, of which more than 1/4^th is estimated to be contributed by North America. The orbital shakers market in North America is forecast to remain the top consuming region and is anticipated at the highest yearly growth at around 8% in 2019. The FMI report concludes that the ability of automatically operated orbital shakers to adjust the shaking speed according to the load continues to attract maximum sales potential.

Researchers Fuel Sales of Experimental Equipment

Moreover, the report projects global revenue of experimental equipment to be more than US$ 255 million, towards the end of 2019. Dramatically increasing number of research laboratories and lab experimental activities continues to be the key driving force behind the escalating sales of high-speed orbital shakers. The widening application base is likely to create strong growth prospects for orbital shakers market at a global level.

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Thermo Fisher Scientific Remains Global Leader

Thermo Fisher Scientific, the leading player in orbital shakers landscape, currently accounts for more than 14% share of the global market revenue.
Focusing on firming up the global footprint, the company is augmenting investments in R&D directed to new product launches for an extended and diverse offering portfolio.
Thermo Fisher has already invested around 4% of its annual revenue in R&D activities, as indicated by the report.
The company is currently strategizing collaborations and acquisitions, the latest of which include the deals with Patheon N.V., Phenom-World, and IntegenX Inc.

Benchmark Scientific has been innovating its range of mini orbital shakers, and thermal and incubation shakers. Eppendorf Inc. on the other hand offers the widest range of premium range, high-performance orbital shakers.

IKA-Works, another active competitor in the orbital shakers landscape, provides a selection of orbital shakers with a large LED display and the PID temperature control that allow the regulation of speed and time of shakers.

The report indicates that a large number of manufacturers of orbital shakers are focusing on developing advanced products with incubation, display integration, RPM specificity, and temperature regulators. Launching such products is likely to enable companies to tap into new application areas and thereby penetrate into new markets.

Key Segments Covered

Type
- Automatic
- Semi-Automatic
Application
- Industrial Equipment
- Experimental Equipment
- Others

Key Regions Covered

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

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USA Sustainable Tourism Market is Expected to Valued at US$ 602.21 Million in 2032 | FMI

The USA sustainable tourism market is projected is valued at US$ 228 Million in 2022. As per the report, sales are forecast to increase at a robust 10.2% CAGR, and the market is expected to valued at US$ 602.21 Million in 2032.

The demand for sustainable tourism in USA is rising as various organizations are following promotional activities such as direct marketing, discounts, offering free giveaways, sales, hosting an event. USA sustainable tourism market share is anticipated to grow as the majority of potential customers are millennials who spend the majority of their time on the internet using search and social media.

The adoption of sustainable tourism in USA is anticipated to grow as It is driven by an increase in travel to unique locations, a desire to see wildlife, coral reefs, and unspoilt places, as well as an increase in attention to sustainability. However, a lack of lodging options and a dearth of upscale, hygienic eateries in tourist areas are likely to hamper USA sustainable tourism market expansion.

On the other hand, public-private partnerships that subsidize air travel to far-flung tourist sites, enhance transportation capacities, and facilitate access is likely to open up new opportunities in the USA sustainable tourism market.

Sustainable Tourism has proved to be one of the most strategic economic segments, especially for lesser-known destinations that can thus advantage from positive economic spill-over effects that concern also the entire territorial system.

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Popular sustainable tourism destinations in USA have incorporated emergency health care measures and restrictions enforced on social movements around the world. Beaches and resorts are unoccupied, peoples’ movements are stopped, and traveling between territories is strictly controlled.

Key takeaways

In terms of tour type, the package travelers are estimated to account for the relatively highest value share in the Spain sports tourism market
By booking channel, the online booking section is expected to hold a major share in the market.

The travelers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online.

Research is important for the sports tourism analysis as it helps in assessing the overall growth and contribution of the sports tourism sector to the nation’s GDP.
Based on the tourist type, the domestic tourist segment is likely to remain high over the forecast period.
The five key support columns of sustainable tourism development are tourism ancillary, accessibility, amenity, attraction, and community involvement.

Competition Landscape of USA Sustainable Tourism Market

Leading companies providing USA sustainable tourism are focused on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in USA, and new offers that have driven sales growth of sustainable tourism in USA.

Key players in the USA sustainable tourism market are Bouteco, Kind Traveler, Responsible Travel, Wild Frontiers Adventures Travel, Wilderness Holding Limited, Beyonder Experiences, Undiscovered Mountains, Gondwana Ecotours, Row Adventures, Natural Habitat Adventures, Cheeseman’s Ecological Safaris, Sustainable Travel International, NATIVE TOURS, INC., and others.

Recent Developments in the USA Sustainable Tourism Market

In order to share stories from hoteliers and other change-makers in the travel industry from every country in the world, one at a time, Bouteco launched its #BOUTECOWORLDSTORIES series on Instagram in June 2020.
On January 5, 2022, Kind Traveler debuted a freshly enhanced platform with numerous opportunities for visitors to give back and support the places they travel to. The Kind Traveler 2.0 model, which is the first Give + Get hotel booking platform in the world, offer 45 new hotel alternatives, 20 new charities, several room categories, special incentives, tree-planting possibilities, volunteerism opportunities, and a measurable positive impact report with each booking.

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USA Sustainable Tourism Market by Category

By Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

By Tourism Type:

Domestic
International

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Mountain and Ski Resorts Market is Estimated at USD 15.0 Billion in 2022 | FMI

Over a decade the tourism market has shown an immense growth. The tourist travels various place for many reasons. In recent years there has been a rise in tourist travelling for leisure. As people are becoming health and fitness cautious the peoples plan to travel the places which are located in natural environment and also that will budget friendly. Therefore, there is a high demand for mountains and ski resorts.

The mountains and snow tourism majorly account for approximately 15-20% of total tourism industry. The cultural landscape, fresh air, nature beauty, the scenic mountains attract travelers to visit mountain and ski resorts. The resort owners try to provide the best service with unique factor the natural touch of the environment. This allows resorts to benefit from the natural environment as well as travel get an opportunity to experience something new along with the activities.

Hakuba ski resort situated in hakuba valley offers various activities such as like snow sports and mountain sports but along with that they offer services like snowboard school, snow sports school, and ski lessons. Apart from that they promote Japanese culture by Japanese touch in cloths and ambience of resort. They also organize various tours that represents Japanese culture.

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As such, the global mountain and ski resort market is estimated to expand at a CAGR of over 9.0% throughout the forecast period of 2022-2032, to be valued at US$ 28.0 Bn by the end of 2032.

Key Takeaways from the Mountain and Ski Resorts Market Study

In case of tourist type there will be high number of international tourist to travel to the mountain and ski resorts. The rising trends of outdoor activities such as hiking, trekking, skiing, snow activities in countries like America, India, China and attractions towards famous snow destinations will attract travellers across the country. This will result in huge demand for mountains and ski resorts.
Mountain and ski resorts are fuelling the business of local manufactures of the region. The mountain and ski resorts source food and necessary products such as artisans, linens etc. from local vendors. This strategy creates a good bond with nearby manufacturers and allows to provide a little local atmosphere to their customers.

Impact of COVID-19 on the Market

Covid-19 had a major impact on all the sectors and majorly effected tourism sector specially on hospitality sector. As a result of lack of tourism due to covid-19 lockdown restriction imposed by the government of various regions there was a less demand for mountain and ski resorts. Also, the result of pandemic resulted in disturbance of supply chain and disrupted the operations of mountain and ski resorts.

Hence resorts faced a huge loss during pandemic situations. The post covid-19 impact had a positive effect on resorts. In post pandemic situations the people become health conscious and considered natural environment as a source of their recovery and sustainability. The pandemic triggered the behavioral change in travelers. The moderate influence of environment and sustainability raised the opportunity for mountain and ski resorts.

Who is winning?

Leading manufacturers of Mountains and Ski Resorts market are focused on promotional strategies, upgradations and technological development, and new merger strategies that have driven sales growth of mountains and ski resorts market globally.

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Major players present in the mountains and ski resorts market are Whistler Blackcomb, Himalayan Castle Resort, Tochal Ski Resort, Chamonix, Breckenridge, Hakuba, Jackson Whole Mountain Resort, Arapahoe Basin Ski Resort, Solang Valley Resort, The Vintage, Vail Resorts, Steamboat, are among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global mountains and ski resorts market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the mountains and ski resorts market based on the Service Type (Skiing, Trekking, Rides, Sledding, Snowmobiling, Others) Booking Channel (Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Group Trip, Family trip) Consumer Orientation (Men, Women & Children) Age Group (15-25 Years, 26-35 Years, 36-45 Years) across seven major regions.

Global Mountain and Ski Resorts Market by Category

By Services Types, Global Mountain and Ski Resorts Market is segmented as:

Skiing
Trekking
Rides
Sledding
Snowmobiling
Others

By Booking Channel, Global Mountain and Ski Resorts Market is segmented as:

Online Booking
In Person Booking

By Tourist Type, Global Mountain and Ski Resorts Market is segmented as:

Domestic
International

By Tour Type, Global Mountain and Ski Resorts Market is segmented as:

Independent Traveler
Group Trip
Family trip

By Consumer Orientation, Global Mountain and Ski Resorts Market is segmented as:

Men
Women
Children

By Age Group, Global Mountain and Ski Resorts Market is segmented as:

15-25 Years
26-35 Years
36-45 Years

By Region, Global Mountain and Ski Resorts Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Tourism Industry Big Data Analytics Market Reached a Valuation of US$ 220.0 Bn in 2022

The global tourism industry and big data analytics market is estimated at USD 220.0 billion in 2022 and is projected to reach USD 350.0 billion by 2032, at a CAGR of 15.0% from 2022 to 2032.

In the age of digital era the tourism industry is making a vast progress with the help of technology. With the increasing trends of cultural tourism, ethno tourism, and other tourism there is a rise in participation of travelers eventually. Hence more number of participants is generating a vast amount of data. The big data tools help to store and channelize this data into a meaningful insight that help companies to form business decisions. The big data analytics is making a huge contribution to the immense growth of tourism industry. Various companies irrespective of their size of operation have adopt big data analytics for better efficiency and to stay competitive in nature.

The Starwood Hotels and Resorts the international chain of hotel use big data analytics. They combined information from macroeconomic factors and other events cost to frame a strong pricing strategy. This help them to maximize the revenue. The Hilton hotel and Intercontinental Hotels Group make use of big analytics tools to analyze their performance computation and for dynamic pricing in real time scenario. There are various other companies or type of travel aggregators that make use of big data analytic tools to enhance customer experience.

As such, the global tourism industry big data analytics market is estimated to expand at a CAGR of over 15.0% throughout the forecast period of 2022-2032, to be valued at US$ 220.0 Bn by the end of 2032.

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Key Takeaways from the Global Tourism Industry Big Data Analytics Market Study

In case of deployment outlook there will be high demand and use of cloud management. The big analytics data is vast in amount and cannot be stored on devise. Hence it is advisable to store on cloud database. Cloud database is a hybrid space on internet that help to store a massive amount of data. It also ensures safety features and allow to perform analysis effectively. Other than this it also offers certain data sets for data analysis.
In case of enterprise almost all type of enterprise has started adopting and using big data analytics for better results. But there may be a huge demand from large enterprise due as they conduct their analysis on large scale and need to analyse various data on each level to provide better service in market.

Impact of COVID-19 on the Market

Although the covid-19 had a major impact on the tourism industry and the rest of the major industries of the world but it had a positive as well as negative impact on the big data analytic companies in tourism industry. Due to the pandemic effect and government restrictions many companies lose potential customers which eventually led to closure of various travel agencies due to market crunch and lack of working capital.

This also affected the big data analytics companies as they lose business due to the lack of affordability by their client. However, there was a significant increase in new clients as many travel agencies and big players decided to make use of big data analytics for various purposes such as direction for their business, revenue management, find and acquire new set of customers, develop new strategies in response to the pandemic, understand the flow of market, understand the traveller’s needs, development of new services, and others. Hence it can be concluded that impact of pandemic has led to rise in demand for big data analytic companies in tourism industry.

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Who is winning?

Leading manufacturers of Tourism industry big data analytics market are focused on promotional strategies, upgradations and technological development, and new merger strategies that have driven sales growth of tourism industry big data analytics market globally.

Major players present in the tourism industry big data analytics market are Microsoft, SAP, Google, Amazon Web Services, IBM, Dell, Cisco, Splunk, Tableau, Hewlett Packard Enterprise, Hitachi, Oracle, Accenture, TIBCO, SAS, Cloudera, Stibo Systems, New Relic, Riversand Technologies, are among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global tourism industry big data analytics market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the tourism industry big data analytics market based on the Product Type (Descriptive Analytics, Predictive Analytics, Perspective Analytics and Others (Structured Data, Unstructured Data and Semi Structured Data)) End-Use Outlook (Transport, Accommodation, Travel Agencies, Others) Deployment Outlook (Cloud Warehouse, On-premise) Enterprises (Small to Medium Enterprise, Large Enterprise) Purpose (Revenue Management, Reputation Management, Strategic Management, Customer Experience, Others (Market Research, Target Marketing, Market Intelligence)) across seven major regions.

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Global Tourism Industry Big Data Analytics Market by Category

By Product Types, Global Tourism Industry Big Data Analytics Market is segmented as:

Descriptive Analytics
Predictive Analytics
Perspective Analytics

By End-Use Outlook, Global Tourism Industry Big Data Analytics Market is segmented as:

Transport
Accommodation
Travel Agencies
Others

By Deployment Outlook, Global Tourism Industry Big Data Analytics Market is segmented as:

Cloud Warehouse
On-premise

By Enterprises, Global Tourism Industry Big Data Analytics Market is segmented as:

SME
Large Enterprises

By Purpose, Global Tourism Industry Big Data Analytics Market is segmented as:

Revenue Management
Reputation Management
Strategic Management
Customer Experience
Market Research
Target Marketing
Market Intelligence

By Region, Global Tourism Industry Big Data Analytics Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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