Metrology Software Market is projected to growing at a CAGR of around 7.0% by the end of 2031

As per the metrology software industry examination by Future Market Insights (FMI), the interest enrolled in the metrology software market will increment at a CAGR of 7.0% from 2021-2031.

The report likewise estimates that the market will outperform a valuation of ~US$ 900 Mn toward the finish of 2021. According to Future Market Insights, a continuous shift toward inline metrology or cycle coordinated estimating instruments and quick mechanical progressions have set out more than adequate open doors for the use of metrology software. These advancements have become fundamental in working on financial seriousness across enterprises, which is impelling market development.

Metrology is the logical investigation of estimations and their progressive organization across different businesses. The interest inside the worldwide market for metrology software has been ascending by virtue of progressions in the field of gadgets and semiconductors.

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Metrology has a wide area of activity and has arisen as a significant interaction across a variety of businesses. Consequently, it is normal that the worldwide market for metrology software would grow at a huge rate in the years to come.

Furthermore, growing acceptance for point cloud capabilities, drive towards precision engineering, and demand for portable Coordinate Measuring Machine (CMM) software are collectively driving adoption of metrology software solutions across the globe.

Additionally, their ability to integrate multiple functions within a single unit, thereby making device compact has further fueled market momentum in different verticals. These factors are projected to contribute towards a single digit compounded annual growth rate during the forecast period.

Key Takeaways: Metrology Software Market

  • By solution, the on-premises metrology software segment is anticipated to account for the leading share in the global demand for metrology software during the forecast period. However, the cloud-based metrology software segment is estimated to grow at a healthy CAGR of more than 6.0% through 2031.
  • The application of metrology software in measurement and alignment segment is anticipated to increase at a CAGR of nearly 7.0% between 2021 & 2031, while quality control and inspection segment is currently dominating the market.
  • The adoption of metrology software by healthcare sector is expected to rise at the maximum pace. As per Future Market Insights, demand in this segment will increase by a CAGR of around 6.5% between 2021 and 2031.
  • North America is expected to lead the market followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of around 6.0% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 7.5% over the next ten years.

Entry Barrier for New Players Might Restrict Growth

The presence of large and strong players in the market such as Hexagon AB, FARO Technologies Inc., and others who enjoy a strong presence in sales and distribution channels, provides a significant challenge to small and new players with limited resources.

New players also find it difficult to provide all solutions bundled in a single metrology software package, which can cater to the breadth and depth of the entire product line of an end-user affecting decision-making while giving contracts.

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Electronic Manufacturing Sector to Witness Significant Growth

Primary factors driving the demand for the metrology software are application of advanced technologies to facilitate electronic manufacturing and consistent development of advanced nanotechnology, smart materials, flexible electronics, and green manufacturing.

Metrology software solutions have become indispensable for electronic manufacturing and quality inspection activities. In the rapidly-growing electronic manufacturing industry, organizations are aiming to design and manufacture new products.

More Valuable Insights on Metrology Software Market

Future Market Insights’ report on the metrology software industry research is segmented into four major sections – solution (metrology software and services), application (measurement  and alignment, quality control and inspection, virtual simulation, reverse engineering, and others), industry (automotive, aerospace and defense, power and energy, consumer electronics, healthcare, manufacturing, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the metrology software demand outlook.

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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.

Contact:

Future Market Insights Inc.   
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T: +1-845-579-5705
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Force Sensors Market are expected to surpass US$ 5,286.2 Mn, With a CAGR of around 5.5% from 2022 to 2032

The force sensor market income added up to ~US$ 3,448.8 Mn in 2021. The force sensor market is projected to outperform ~US$ 5,286.2 Mn by 2029, developing at a CAGR of 5.5% for 2022 – 29. Force sensor market represented around 3% of worldwide sensor market.

The force sensors like burden cell, capacitive, piezo-resistive, piezo-electric are significantly utilized for observing and control and test and estimation of modern applications. The developing reception of force sensors in clinical gadgets, is supposed to fuel the interest of force sensors before very long.

A force sensor assumes a fundamental part in modern computerization industry. With expanding infiltration of mechanical technology, there has been expanded reception of an incorporated little variant of force sensors. Huge reception of force sensors for mechanical applications, for example, deburring, crushing, and boring will keep on representing significant income age in the worldwide force sensor market. The reception has likewise been astounding in mechanical clinical frameworks.

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Key Takeaways – Force Sensor Market Study

  • Automotive and medical & healthcare industries would remain key end users of force sensors. These two verticals currently account for a collective market share of nearly 40%.
  • Rising demand for portable medical devices and assist machines for emergency medical treatment is likely to push the adoption of force sensors by healthcare industry at a higher rate.
  • In-house development of paper force sensors for musical applications is expected to create new growth opportunities in force sensor market.
  • The capacitive force sensor will continue to lead the way in force sensor market throughout the projection period.

Medical & Healthcare Industry Turning into a Hub of Opportunity

Growing emphasis on improving the quality of healthcare services offer significant opportunities to force-sensing technology developers. Increasing demand for force sensor in various healthcare applications such as infusion pumps, patient weight monitoring systems, physical therapy, surgical staple guns, and oxygen tank monitoring are expected to create new and lucrative opportunities for manufacturers in the force sensor market. However, long regulatory approval processes and counterfeit semiconductor components are major challenges that may hamper the growth of the force sensor market.

Product Innovation to Remain Key Strategy

Key vendors focusing on force sensor platforms are strategizing to develop and innovate new products related to intelligent force measuring technology in order to achieve full global coverage and offer precise global force measurement services.

  • In September 2019, Haehne GmbH launched intelligent force measuring technology with IO-Link. This IO-Link interface for force tension sensors is used for force measurement 4.0. The IO-Link from HAEHNE is a global data interface with intelligent two-side communication for data transmission among the plant control systems and the force measurement sensors in the field.

Applications of Force Sensor Technology in Musical Industry

The market scenario is expected to change in the foreseeable future after the introduction of advanced and cost-effective force sensors and sensing solutions for the musical industry. Manufacturers are also focusing on offering force sensor products for various applications such as electronic drum triggers, keyboard after touch, foot pedal controllers, programmable mixed arrays, and interactive dance floors. These factors are creating potential growth opportunities for developers and providers of force sensors.

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More About Force Sensor Market Study

In this report, the global force sensor market is tracked in terms of value, and is calibrated to obtain the market revenue estimates across different regions. To understand and evaluate these opportunities in the force sensor market, the market is segmented into four major sections such as product type (load cell, capacitive, piezo-resistive, piezo-electric, others), application (monitoring & control and test & measurement), end user (automotive, medical & healthcare consumer electronics, clothing & textile, food & beverage, manufacturing, aerospace & defence, oil & gas, construction, agriculture, and others), and region.

Force Sensor Market Outlook By Category

By Product Type, Force Sensor Market is segmented as:

  • Load Cell
  • Capacitive
  • Piezo-resistive
  • Piezo-electric
  • Others(Optical)

By Application, Force Sensor Industry is segmented as:

  • Monitoring & Control
  • Test & Measurement

By End-User, Force sensor Industry is segmented as:

  • Automotive
  • Medical & Healthcare
  • Consumer Electronics
  • Clothing & Textile
  • Food & Beverage
  • Manufacturing
  • Aerospace & Defense
  • Oil & Gas
  • Construction
  • Agriculture
  • Others

By Region, Force sensor Sales is segmented as:

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

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About Us

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

Contact:

Future Market Insights Inc.   
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Digital Folding Cartons Market: Global Industry Analysis and Opportunity Assessment 2028

The market for digital folding cartons is anticipated to grow as a result of the high demand for printed and customised packaging. The market for digital folding cartons is still developing as a result of the removal of additional expenses for targeted marketing and advertising. Sales of digital folding cartons are anticipated to increase throughout the anticipated time frame due to the growth of delivery services like Deliveroo in the United Kingdom. Digital folding carton manufacturers emphasise variants with configuration choices including variable printing, serialisation, and track & trace, among others.

The findings of our study show that over the past ten years, the worldwide packaging market has undergone tremendous change. Food packaging and brand promotion use digital folding cartons most frequently. Digital printing has had an impact on the packaging industry over the last 10 years.

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Digital folding cartons: Dynamics

The global packaging market has undergone significant transformation in the past decade. Digital folding cartons mostly find applications in food packaging and brand advertisement. Digital printing has made its mark on the packaging industry in the last ten years. The packaging industry has proved to be a catalyst for the growth of the digital printing market, as manufacturers and brands invested on converting their packaging formats so as to make them compatible with digital printing presses.

Digital folding carton manufacturers emphasize on variants with customization features such as variable printing, serialization, and track & trace, among others. One of the key factors supporting the growth of the global digital folding cartons is the elimination of extra charges for promotional and targeted marketing. The increase in delivery services such as Deliveroo in the UK, are expected to increase sales of digital folding cartons during the forecast period.

Furthermore, digital printing also enable embossing the cartons in Braille language to aid visually challenged people. One key factor which might pose as challenges for the growth of the digital folding cartons market is the current market dominance of offset printing. However, digital printing with its advantages of cost-effective short runs, customizability, and quick turnaround is expected to gradual gain market share during the forecast period.

Global digital folding cartons market: Key players

One of the key players which operate in the global digital folding cartons market is – CCL Industries Inc.

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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Global digital folding cartons market: Segmentation

Globally, the digital folding cartons market has been segmented as –

On the basis of material used, the global digital folding cartons market is segmented as –

  • Plastic
  • Paper

On the basis of end use, the global digital folding cartons market is segmented as –

  • Food
  • Confectionery
  • Fruits & vegetables
  • Bakery
  • Dairy products
  • Meat, poultry, and seafood
  • Others (pet food, baby food, etc.)
  • Beverage
  • Alcoholic beverages
  • Non-alcoholic beverages
  • Tobacco
  • Personal Care & cosmetics
  • Pharmaceuticals
  • Electronics
  • Others

On the basis of region, the global digital folding cartons market is segmented as –

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

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Acetate Cloth Tape Market – Global Industry Analysis, Share, Size and Forecast 2028

The need to prevent parts from overheating is becoming more and more important as a result of the constant pressure within the worldwide electronics and electrical sector to minimise component size. Pressure-sensitive acetate fabric tape is used for insulation. A pressure-sensitive adhesive is coated on one side of acetate fabric, which makes up the structure of acetate cloth tape. The adhesive properties of acetate cloth tape are reliable.

These tapes are constructed of stretchy acetate cloth and are effective on both flat and wavy surfaces. Acetate cloth tape is printable, has a pleasing look, and provides great conformability in coil wrapping applications. It can withstand temperatures of up to 120 °C. With printed acetate cloth tapes, coils and relays are ultimately bandaged and identified, and this is the main application for these tapes.

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Global Acetate Cloth Tape Market: Drivers & Restraints

The demand for acetate cloth tape is expected to grow during the forecast period on the backdrop of pressure sensitive tape market. Acetate cloth tape can absorb varnishes and electrical insulating resins. Acetate cloth tape is hand tearable and doesn’t require an additional tool such as scissors or knife for cutting or tearing. The key application of acetate cloth tape is in the electrical and electronics industry. Acetate cloth tape is known for high-quality finishing and durability. These tapes are made with heat curing adhesive to resist over a range of high temperatures.

Acetate cloth tape manufacturers utilize the printing space for branding and promotional purpose. Increasing significance of packaging in industries full supply chain and logistics functions have provided packaging manufacturers to offer packaging products such as acetate cloth tape to cater to clients operating in the electrical and electronics industry. Acetate cloth tape is easy to apply and stays stuck as the strength of thermosetting rubber adhesive increases over time and on exposure to high temperatures. These factors are expected to further drive the global acetate cloth tape market during the forecast period.

Acetate Cloth Tape Market: Some of the Key Players

Following are some of the key players operating in the acetate cloth tape market are

  • 3M Company,
  • Nitto Denko Corporation,
  • Teraoka Seisakusho co.,Ltd.,
  • Parafix Tapes & Conversions Ltd,
  • PPI Adhesive Products (C.E.) s.r.o.,
  • Kruse Adhesive Tape, Symbio, Inc.,
  • Kingzom Co., Limited, etc.

Many more unorganized and local players are expected to contribute to the global acetate cloth tape market during the forecast period.

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, macroeconomic indicators and governing factors along with acetate cloth tape market attractiveness as per segments. The report also maps the qualitative impact of various market factors on acetate cloth tape market segments and geographies.

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Global Acetate Cloth Tape Market: Segmentation

The global acetate cloth tape market has been categorized on the basis of carrier adhesive type, thickness, liner, application, and end-use industry.

On the basis of adhesive type, the global acetate cloth tape market has been segmented as:

  • Thermosetting Rubber Adhesive
  • Acrylic Adhesive

On the basis of thickness, the global acetate cloth tape market has been segmented as:

  • Up to 6 mil
  • 6 to 8 Mil
  • More than 8 Mil

On the basis of liner, the global acetate cloth tape market has been segmented as:

  • With Liner
  • Liner less

On the basis of application, the global acetate cloth tape market has been segmented as:

  • Insulation
  • Sealing
  • Bundling
  • Wrapping

On the basis of end-use industry, the global acetate cloth tape market has been segmented as:

  • Electrical Industry
  • Electronics Industry

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Paragon Glass Jar Market is estimated to reach US$ 120.49 billion by 2032, growing at a CAGR of 5.3%

By 2032, the market for Paragon glass jars is anticipated to reach US$ 120.49 billion, expanding at a CAGR of 5.3% from 2022 to 2032. By 2022, the market for Paragon glass jars is anticipated to be worth US$68.27 billion. The food and beverage industry’s increased need for glass containers is anticipated to drive the expansion of the paragon glass jar market.

Glass packaging has unique benefits including chemical inertness, high recyclability, non-porosity, and impermeability, which are anticipated to fuel the growth of the global paragon glass jar market.

The need for packaged food products from end-user industries is anticipated to fuel the global paragon glass jar market. Olive oil and jam are only two examples of the many culinary products that are packaged using paragon glass

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Elegance Unlocks Better Sales Opportunities for Market Players

Paragon glass jar is widely used for canning food products such as jam, spices, and food products. The straight and tall body of paragon glass coupled with a wide dispensing opening makes paragon glass jar adequate to store more food. Paragon glass provide excellent compatibility of materials with high strength. Glass delivers exceptional barrier properties to the food products which are contained in the paragon glass jar.

Due to the elegant looks provided by the paragon glass they are preferred by the end-user industries as well as consumers for household care. The surface of the paragon glass jar can be easily printed with different printing techniques such as screen printing and digital printing. The paragon glass jar usually has the lug finish which contains thin edges and only requires a half turn to seal the container.

The slender body with high length makes paragon glass jar an ideal solution for space saving. Besides, the transparency provided by the glass allows the consumers to clear showcase the product.

Paragon Glass Jar Market: Dynamics

The distinct advantages provided by glass packaging such as chemical inertness, high recyclability, non-porosity, and impermeability is expected to propel the global paragon glass jar market. The escalated demand of packaged food products from the end-user industries is anticipated to fuel the global paragon glass jar market.

The paragon glass is extensively used to package food products such as olive oil and jams. The increase in demand for these food products is expected to bolster the paragon glass jar market.

However, the increasing penetration of the plastic and metal packaging across the globe can adversely affect the demand of paragon glass jar. The delicate glass body of paragon glass jar makes their use perilous, especially in the household.

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Paragon Glass Jar Market: Key players

Some of the key players operating in the global paragon glass jar market are –

  • MJS PACKAGING. ALL
  • Vanjoin Hubei Industry Limited (Glassware)
  • Foshan Nanhai Luocun Wuzhuang Mingzhu Glass Factory
  • Xuzhou Brotherway Glass Products Co., Ltd.
  • Berlin Packaging L.L.C.
  • Xuzhou Jinzheng Glass Products Co., Ltd.
  • Xuzhou Eagle Glass Products Trading Co., Ltd. UPC Packaging
  • Plasdene Glass-Pak Pty Ltd.,
  • Gamer Packaging, Inc.
  • Xuzhou Pengxu Glass Products Co., Ltd.
  • Y-Not Design & Mgf

Paragon Glass Jar Market: Segmentation

Globally, the paragon glass jar market is segmented on the basis of capacity and end-user industries which are further segmented as –

On the basis of capacity, the global paragon glass jar market is segmented as-

  • Less than 10 oz
  • 11 oz – 20 oz
  • More than 20 oz

On the basis of end-user industry, the global paragon glass jar market is segmented as-

  • Food
  • Beverages
  • Alcoholic
  • Non – alcoholic
  • Household Care
  • Chemical
  • Others

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Straight Sided Glass Jar Market is expected to develop at a CAGR of 5% over the next ten years

The market for straight-sided glass jars is anticipated to reach US$ 703.5 billion in value in 2022 and grow at a CAGR of 5% during the following ten years. According to experts, the worldwide market for straight-sided glass jars is estimated to be worth over US$ 1146 billion by 2032.

Due to the special advantages that glass packaging offers, like resistance to chemicals or acids contained in food and high sustainability as it is recyclable and less expensive than metal containers, the demand for straight-sided glass jars and its entire market is predicted to increase.

Additionally, metal containers present the risk of corroding, rendering them unsuitable for the storage of wet goods and, as a result, driving up demand for glass jars with straight sides among consumers.

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Global Straight Sided Glass Jar Market – Key Players

A few of the key players in the straight sided glass jar market are

  • Kaufman Container Company,
  • Burch Bottle & Packaging, Inc.,
  • K.G. International, Inc. (KGI),
  • Compagnie de Saint-Gobain S.A.,
  • Piramal Glass Limited,
  • Gerresheimer AG,
  • Owens-Illinois Group, Inc.,
  • Ardagh Group S.A.,
  • Vetropack Holding AG,
  • Wiegand Glas GmbH,
  • Stölzle Oberglas GmbH, etc.

The report on straight sided glass jar market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.

The report straight sided glass jar market provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Straight sided glass jar market also maps the qualitative impact of various market factors on market segments and geographies.

Inert Characteristics of these Glass Jar Gain Reliance of End Users

From many years jars are being considered to be one the most widely used packaging for several applications such as cosmetics, ointments, creams, etc. One such type of jar which is widely used are straight sided glass jar which are getting traction in recent years.

Straight sided glass jar provide several advantage over other packaging forms such as due to its transparency the product stored in it can be easily seen. Straight sided glass jar can be used in several end use applications such as food & beverages, personal care & cosmetic application, pharmaceutical, chemicals, etc.

Straight sided glass jar also provides luxury look to the product which many cosmetic manufacturers use for increasing their brand value. In addition, straight sided glass jar also provides aesthetic and visual appeal to the product stored in it.

Furthermore, straight sided glass jar are inert which does not react with the food or cosmetic items stored in it. All these above aspects have positively impacted the straight sided glass jar market during the forecast period.

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Global Straight Sided Glass Jar Market – Dynamics

There have been a shift in demand towards incorporating customization in packaging design. Another factor which is expected to rise the demand for straight sided glass jar is its durability and toughness towards heat. In addition, metal jars can be used only once by straight sided glass jar can be used multiple times. Straight sided glass jar also provides better grip for canning process as compared to metal jars.

Furthermore, premium luxury packaging solutions like straight sided glass jar enhances the consumer satisfaction and increases the chance of repurchasing the brand. Manufacturers nowadays are preferring straight sided glass jar for packaging of several food items like mayonnaise, sauces, jams, etc. for better visibility of food product. However, straight sided glass jar can easily break while transit is the major reason for hampering its market.

Global Straight Sided Glass Jar Market – Segmentation

The global straight sided glass jar market is segmented by material type, by product type, by capacity and by end use industry. The pricing for straight sided glass jar has being done based on product type segment in US$ million, and the volume is considered in units.

On the basis of material type, the global straight sided glass jar market is segmented into –

  • Type 1
  • Type 2
  • Type 3

On the basis of product type, the global straight sided glass jar market is segmented into –

  • Thick Walled
  • Double Walled

On the basis of capacity, the global straight sided glass jar market is segmented into –

  • Less than 10 oz
  • 10 oz to 25 oz
  • 25 oz to 50 oz
  • 50 oz to 100 oz
  • 100 oz & above

On the basis of end use industry, the global straight sided glass jar market is segmented into –

  • Food & Beverages
  • Jams & Fruit Pulp
  • Confectioneries
  • Sauces
  • Spices & Condiments
  • Personal Care & Cosmetics
  • Hair Care
  • Skin Care
  • Body Care
  • Home Care
  • Pharmaceuticals
  • Ointments
  • Creams
  • Chemicals & Lubricants
  • Petrochemicals

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Smart Agriculture Solution Market size is expected to grow by 10.3% CAGR by the end of 2031

The worldwide smart agricultural solution market will develop at a CAGR of 10.3 percent over the projected period, according to a study by Future Market Insights (FMI). By the end of 2031, global sales of smart agriculture solution market are expected to exceed US$ 13.2 billion.

Market expansion will be fueled by the implementation of sophisticated technologies such as artificial intelligence in drones to boost agricultural productivity.

The expansion of the agriculture industry in India, Australia, and China is a significant element driving demand for advanced agricultural technologies including sensor-based variable rate technology.

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Between 2016 and 2020, the worldwide smart agricultural solution market increased at a CAGR of 5.7 percent. Sales of smart agriculture solutions increased by 4.6 percent in 2021, thanks to the introduction of precision farming and the use of agriculture 5.0 technology.

The demand for sensor-based and map-based solutions will increase as precision farming and smart greenhouses become more popular. According to FMI, the worldwide smart agricultural solution would expand 6.8% year over year in 2021.

FMI’s Smart Agriculture Solution Market Study Highlights

  • The variable rate technology category is expected to grow at the fastest rate through 2021 and beyond.
  • The hardware category, which accounts for about half of the market share, is predicted to expand the quickest.
  • Through 2031, the drones sector will account for a significant portion of the worldwide market.
  • During the projected period, the sensor monitoring system segment is predicted to increase significantly.
  • Through 2031, India is predicted to be one of the most attractive markets for smart agricultural solutions.
  • Latin America’s smart agricultural solution market is predicted to develop at a CAGR of 12.3% during the forecast period, with Brazil leading the way.

Competitive Landscape

As per the study, key players operating in the smart agriculture solution market are investing in developing modern and smart agriculture products such as smart aerial drones to gain competitive edge.

Some of the players are focusing on introducing new products and forming strategic partnerships with local agricultural product providers to expand their consumer base. For Ex:

  • Dirt Road Data Inc.
  • Iteris Inc.
  • CropMetrics LLC
  • Agribotix LLC
  • AgriSight Inc.
  • SemiosBio Technologies Inc.
  • Granular Inc.
  • Trimble Navigation Ltd.
  • Site-Specific Technology Development Group Inc.

Why is the Demand for Smart Agriculture Solution Hardware Increasing?

As per the study, the hardware sub-segment of the component segment in smart agriculture solution market is expected to account for more than 50% of global market share. Increasing adoption of drones in agricultural activities to improve the crop productivity is the major factor driving the growth in the segment.

Also, integration of smartphones and adoption of artificial intelligence in sensor monitoring system and GPS enabled ranging system to monitor and manage the farm in precision farming will boost growth in the segment.

Due to the surging demand for automation in precision farming, smart agriculture solution providers are introducing new products such as drones with GPS and aerial-climate detection to expand their customer base.

For instance, in November 2021, XAG, leading agriculture robotics and AI-powered smart agriculture solution provider, launched its V40 and P40 Agricultural Autonomous Drone, that can conduct mapping, spraying, and broadcast on farm, supporting farmers’ transition to climate smart practices and reducing carbon footprints.

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Smart Agriculture Solution Market by Category

Component Type:

  • Hardware
    • Sensor Monitoring System
    • Smart Detection System
    • GPS Enabled Ranging System
    • Drones
  • Software
  • Services
    • Climate Information Service
    • Supply Chain Management Service
    • Others (System Integration, Maintenance and Consulting Service)

Application:

  • Automated Machinery Guidance Control
  • Tractor Collision and Obstacle Detection
  • Machinery Safety and Parameter Monitoring
  • Variable Rate Technology
  • Building and Premises Surveillance

Region

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

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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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CMOS Power Amplifier Market is Expected to Grow at a 16.3% by the end of 2026

Expanding application base of the Internet of Things (IoT) is translating into rapid technological advancement and miniaturisation of devices that entails stronger connection peripherals. This, in turn, is resulting in higher demand for CMOS power amplifier. Future Market Insights has recently conducted an analytical study on the global CMOS power amplifier market that projects a stout growth in terms of revenue between 2016 and 2026. The arrival of superior wireless communication networks and extended benefits of CMOS technology is expected to provide an impetus to the overall development of the market.

Over the next couple of years, it is anticipated that network issues brought on by new wireless standards would also support demand for CMOS power amplifiers. By the end of 2026, the US$ 1,017.9 million CMOS power amplifier market is anticipated to reach US$ 4,714 million, growing at a CAGR of 16.6%. Leading CMOS power amplifier vendors and manufacturers expect that widespread use of CMOS power amplifiers in GSM/EDGE, LTE, CDMA 2000, and other wireless communication technologies will open up lucrative market potential.
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Market Restraints

The “CMOS Power Amplifier Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” research from Future Market Insights also states that technological difficulties in CMOS power amplifier design may, to some extent, temper the market’s burgeoning momentum over the assessment period. Furthermore, the employment of CMOS power amplifiers is restricted to low-PAR (peak-to-average ratio) modulation systems due to their inherent weak linearity.

Usage of CMOS Power Amplifier in LTE Technology to Grow Higher

In 2015, the GSM/EDGE sector held a nearly 31 percent revenue share of the market based on modules. However, quick adoption and development of 4G and 5G wireless communication are causing CMOS power amplifier consumption in LTE technology to increase. The LTE module market is also expected to grow at the fastest CAGR of 20.2 percent over the study period. In order to address the expanding need for broader bandwidth and quicker transmission rates, manufacturers are concentrating on building high-performance CMOS power amplifiers.

Application of CMOS Power Amplifier in Smartphones to Remain Dominant

In 2015, the smartphone segment registered the largest market share, reaching a market valuation of US$ 423.4 Million. The segment is expected to hold its top position throughout the forecast period, expanding at 17.9% CAGR over 2026.

Global CMOS Power Amplifier Market: Regional Outlook

Future Market Insights’ report delivers key insights and offers analysis on the potential of the CMOS power amplifier market through a regional overview. In 2015, Asia Pacific excluding Japan (APEJ) commanded a dominant share of the market attributed to the healthy existence of consumer electronics manufacturers across the region. The market in Asia Pacific is projected to remain dominant and expand at a staggering 19.4% CAGR over the forecast period.

Competitive Dashboard

Key stakeholders in the global market for CMOS power amplifier include Skyworks Solutions, Inc., Toshiba Corporation, Broadcom Ltd., ACCO Semiconductor, Inc., DSP Group, Qorvo, Inc., Qualcomm Technologies, Inc., Texas Instruments Inc., and Murata Manufacturing Co., Ltd. Most of these companies are concentrating on further product innovation to increase their market presence at a global level. For instance, in October 2015, ACCO Semiconductor Inc., a leading provider of fabless semiconductors headquartered in the U.S. launched a range of CMOS power amplifier technologies designed to support quad-band GSM/EDGE and 12-band 3G/LTE smartphones as well as Internet of Things applications.

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Market Segmentation

By Module

  • GSM/EDGE
  • UMTS
  • LTE
  • CDMA 2000
  • TD-SCDMA
  • FOMA/Others

By Application

  • Smartphone
  • Feature Phone
  • Connected Tablet
  • Others

CDMA 2000 segment is anticipated to create significantly higher incremental opportunity between 2016 and 2026

  • Future Market Insights forecasts revenue from the CDMA 2000 segment in the global CMOS power amplifier market to be valued at nearly US$ 500 Mn by 2026 from about US$ 100 Mn in 2016
  • Revenue from the CDMA 2000 segment is expected to register a CAGR of 16.2% during the assessment period
  • The CDMA 2000 segment is projected to create incremental dollar opportunity of nearly US$ 400 Mn between 2016 and 2026

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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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Video Event Data Recorder Market Worth at a US$ 3,500 Mn by 2026 at a CAGR of 6.9%

Future Market Insights analyses the global video event data recorder market for a 5-year forecast period, 2016-2026. According to a recent market outlook report, “Video Event Data Recorder (VEDR) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” the US$ 1.64 Bn market is likely to reach beyond US$ 3.2 Bn by the end of 2026.

The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026).

This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data capture capabilities offered by VEDR devices.

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In the global VEDR market report, Future Market Insights provides detailed information on market definition and segmentation analysis, market dynamics and key insights, and competition assessment and key company profiles.

The overall market outlook remains positive and the compound annual growth rate is estimated at 6.9% over the decade. Although market growth will be healthy by 2021 end, it will experience a slight decline in terms of CAGR in the second half of the assessed period.

Key research findings:

Motor vehicle safety standards will continue to fuel the sales of technologies pertaining to vehicle safety In addition to growing cognisance and adoption of vehicle safety measures, burgeoning automotive investments are also anticipated to favour VEDR market growth Growing inclination of OEMs and drivers toward digitisation will push the market further With technological advancements, various cost-effective products are being developed.

Several manufacturers are also emphasising integration of smart software An increasing number of VEDR manufacturers are strategically investing in order to capitalise on opportunities offered by commercial fleets such as cabs/rental fleets/taxis globally

Key player insights:

The global market for video event data recorder is predominantly governed by the top five players in the competitive landscape. Digital Ally Inc., WatchGuard Video, Omnitracs LLC, Rosco Inc., and Safety Vision LLC collectively account for roughly 85% market revenues. A few other notable players include Convoy Technologies, OCTOCAM Srl, and L-3 Mobile-Vision, Inc.

Key metrics incorporated in the report 

CAGR for the various segments across key regions assessed Year-on-Year (YoY) growth rate for the different segments growth to understand the predictability of the market and to identify the right opportunities across the global video event data recorder market Basis Point Share (BPS) analysis to understand individual segments’ relative contribution to market growth and hence identify the key trends governing the global video event data recorder market Absolute dollar opportunity analysis of all key market segments to assess the level of opportunity that providers can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global video event data recorder market

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Market Segmentation

By Type of Data Storage:

  • Flash Card
  • Cloud Data Storage

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By End User:

  • Law & Enforcement Agencies (LEAs)
  • Commercial Fleet

By Sales Channel:

  • Auto OEM
  • Aftermarket

By Region:

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

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High Voltage Direct Current (HVDC) Transmission System Market is Expected to Grow at a CAGR of 10.6% from 2022 to 2032

According to Future Market Insights, the global high voltage direct current (HVDC) transmission system market size is expected to reach ~US$ 28,508.2 Mn by 2032, growing at a CAGR of 10.6% in the forthcoming years (2022 – 2032). It stood at ~US$ 9,484.0 Mn in 2021.

The report states that the market is expected to reach a valuation of ~US$ 10,380.2 Mn by the end of 2022. Future Market Insights mentions that in the next decade, the market for HVDC transmission systems is anticipated to witness considerable expansion due to the rapidly expanding renewable energy industry, as well as rising energy consumption across the globe.

Due to the rapid development of submarine power transmission systems worldwide, the market for high voltage direct current (HVDC) transmission systems is predicted to expand significantly. As international power trading is nowadays receiving more attention, undersea electricity transmission is becoming more significant.

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The high voltage direct current transmission system in submarines enables electricity trading between nations divided by water bodies, which is a key growth factor as various countries want to profit from the excess electricity produced by using renewable energy sources.

Key Takeaways: High Voltage Direct Current (HVDC) Transmission System Market

  • By component, the services segment is set to dominate by exhibiting a CAGR of around 0% between 2022 & 2032.
  • By technology, the line commutated converters (LCC) segment is expected to grow at a CAGR of around 1% between 2022 & 2032.
  • By application, the renewable energy segment is projected to showcase significant growth at a CAGR of around 7% between 2022 & 2032.
  • By deployment, the subsea segment is set to remain at the forefront by witnessing a CAGR of around 9% between 2022 & 2032.
  • By power rating, the below 1000 MW segment is projected to showcase a steady growth rate at a CAGR of around 9% between 2022 & 2032.
  • By region, the Europe high voltage direct current (HVDC) transmission system market held the highest share of around 7% in 2021.

 “In densely populated urban areas, where the density of necessary overhead wires could significantly obstruct the flow of electricity, HVDC systems are considered to be ideal. Underground power lines are being used more frequently in urban areas despite their expensive nature, which would further drive the demand for high voltage direct current (HVDC) transmission systems,” says FMI analyst.

Demand for Submarine HVDC Transmission Systems to Grow by 2032

High voltage direct current (HVDC) transmission systems are a crucial piece of technology used for the development of power transmission networks. Across long subsea distances, HVDC transmission is the only solution available for the transfer of high power.

HVDC submarine transmission is primarily used to connect remote offshore platforms to main transmission grids and to connect countries or islands that are separated by water. Additionally, increasing number of offshore projects like offshore wind farms and offshore oil & gas upstream projects would also help in expanding the economic prospects for HVDC technology globally.

For instance, as of September 2021, Egypt and Greece are in discussions to connect their power networks by laying 2 Gigawatts (GW) of HVDC submarine interconnectors at the bottom of the Mediterranean Sea. On the back of these factors, the high voltage direct current (HVDC) transmission systems market is expected to grow at a significant rate during the forecast period (2022-2032).

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More Valuable Insights on High Voltage Direct Current (HVDC) Transmission System Market

Future Market Insight’s report on the high voltage direct current (HVDC) transmission system industry research is segmented into five major sections by component (product (ac & dc harmonic filters, converters, dc lines, circuit breakers, others), services(repairs & maintenance, engineering & consulting), by technology (LCC (line commutated converters), VSC (voltage source converters), and others), by application (energy transmission & distribution, distributed energy resources (der), renewable energy), by deployment (overhead, underground, subsea, combination), by power rating (below 1000 MW, 1001 – 2000 MW, above 2000 MW)and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the high voltage direct current transmission system demand outlook.

Competitive Landscape

Key players in the high voltage direct current (HVDC) transmission system market are concentrating on various tactics to increase their research & development spending in order to update their technologies to meet the changing consumer demand. In order to meet the rising client demand, numerous organizations are also acquiring and forming partnerships with other businesses to establish their own high voltage direct current (HVDC) transmission system solutions.

For instance:

  • In October 2021, Hitachi ABB signed a contract to build an interconnection that allows Saudi Arabia and Egypt to interchange up to 3000 MW of power. With the help of this project, the 1350-kilometer-long connecting line will transfer electricity through overhead power lines and a subsea cable across the Red Sea.
  • In June 2021, for an underground transmission project in the U.S., Prysmian Group was hired to provide high-voltage DC cable systems. The SOO Green HVDC Link, which is a 2100 MW interregional transmission project connecting two of the biggest energy markets in the U.S., was a component of this deal.

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High Voltage Direct Current (HVDC) Transmission System Market Outlook by Category

By Component:

  • Products
    • AC & DC Harmonic Filters
    • Converters
    • DC Lines
    • Circuit Breakers
    • Others
  • Services
    • Repairs & Maintenance
    • Engineering & Consulting

By Technology:

  • Line Commutated Converters (LCC)
  • Voltage Source Converters (VSC)
  • Others

By Application:

  • Energy Transmission & Distribution
  • Distributed Energy Resources (DER)
  • Renewable Energy

By Deployment:

  • Overhead
  • Underground
  • Subsea
  • Combination

By Power Rating:

  • Below 1000 MW
  • 1001 – 2000 MW
  • Above 2000 MW

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The 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 10-years.

Contact:

Future Market Insights Inc.   
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Suite 401, Newark, 
Delaware – 19713, USA   
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