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According to Future Market Insights analysis, the Global Laser Cutting Machine Market is expected to reach US$ 3,386.4 Mn in 2022, growing at a CAGR of 5.8% from 2022 to 2032.

Laser cutting has emerged as a versatile, cost-effective method that delivers extremely high precision as compared to conventional cutting methods for many applications. Laser cutting machines have applications in many industries, such as automotive, aerospace, ceramics, metal cutting, defense, semiconductors, glass, ceramics, paper, etc. This product helps to cut material without creating heat or any mechanical stress.

The accuracy, productivity, and efficiency of laser cutting machines are more preferable as compared to other cutting machines. Because they are so well suited to mass production processes, highly complex and specialized components are typically preferred for many industries. As it can cut items more quickly than a waterjet cutting machine, laser cutting is a more cost-effective choice. These are the driving forces behind the market’s expansion, making it more stable in the years to come.

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Key Takeaways of Laser Cutting Machine Market Study

• The value of mechanized Laser Cutting Machine is projected to increase at a value CAGR of 5.8% to reach around US$ 5,974.1 Mn by the end of 2032.
• In terms of End Use, Automotive and Transportation are anticipated to create an absolute dollar opportunity worth US$ 805.6 Mn.
• In the Global Laser Cutting Machine market, fiber based technology in Laser Cutting Machine is projected account for more than 60% share by the end of forecast period owing to its demand which is increasing in day to day applications
• By Region, East Asia is anticipated to account for more than 25% of market share in terms of volume by the end of 2032 and is expected to remain dominant throughout the forecast period.

“Adoption of technologies for improving machines and customer centric product offerings are the key trends paving the way for futuristic growth for the Laser Cutting Machine market.” says Future Market insights analyst

Competitive Landscape

The market is fragmented among the market participants, accounting for market share ranging from 30% to 40% of market revenue in 2021. Prominent players in the market are aim to concentrate on diversifying their product lines with technologically advanced products in order to gain a prominent share in the market and offer significant efficiency and better output to their customers.

The TRUMPF, Bystronic DNE, Hans Laser, HSG Laser, Amada Co. Ltd., Coherent, Inc. are a few of the market’s major participants.

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More Insights into the Laser Cutting Machine Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the Global Laser Cutting Machine market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on by Technology, by mode of operation, by end use and by region.

Key Segments Covered in Laser Cutting Machine Industry Analysis

Laser Cutting Machine Market by Technology:

• Gas Based
• Solid State
• Fiber Based

Laser Cutting Machine Market by Mode of Operation:

• Mechanized
• Manual

Laser Cutting Machine Market by End Use:

• Automotive and Transportation
• Consumer Electronics and Appliances
• Electrical and Heavy Machinery
• Metal Fabrication
• Other Industrial

Laser Cutting Machine Market by Country:

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

About Future Market Insights – Industrial Automation

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

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

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Lead Acid Battery Market Size –  North America is anticipated to be the largest market for lead acid due to the matured and developed automobile sector in the region. The presence of leading automobile companies, such as Toyota, Ford motor company, General Motors,

Solar Microinverter Market Size – Global demand for solar microinverter is expected to at a CAGR of 18.1% from 2022 to 2032, reaching a valuation of US$ 5,716.0 Mn by 2032

Biocomposites Market Size – According to Future Market Insights, the global demand for biocomposites is projected to increase at a prolific CAGR of 16% during the forecast period between 2022 and 2032.

Industrial Safety Footwear Market Size – The increasing rate of ergonomically designed safety shoes is one of the latest protective shoe market trends. Ergonomically designed footwear has a more significant influence on body weight and movement, which if not implemented can lead to several health issues accompanied by comfort and fitness issues.

Solar Inverter Market Size – In 2022, the solar inverter market in the U.S. is predicted to expand at a  5.2% CAGR. The development of new and innovative products by manufacturers operating in the U.S. will augment the growth in the market.

Powered Lawn Mowers Market Size – During the forecast period, a rapid growth rate in the market for powered lawn mowers in North America is anticipated with a market share of 34.0% in 2022.

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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During the forecast period, the market for extrusion equipment is anticipated to increase at a CAGR of 5.3%. It is anticipated to increase in value from US$ 5,243.7 Million in 2022 to US$ 8,764.6 Million in 2032.

Rising extrusion product demand and quickening manufacturing sector investment are expected to hasten the adoption of extrusion equipment. However, because of the high installation and maintenance costs of this equipment, market growth is probably going to be restrained.

On the other hand, recent technological advancements and regional government initiatives geared toward micro, small, and medium-sized enterprises (MSME) are anticipated to create lucrative market share opportunities.

The production of plastic sheets and pipes is raising the possibility of apprentice vendors in the extrusion equipment market trends. The leading market players also work to achieve market maturity by employing polymers, such as PP, PE, and PVC, strategically to create seamless products, particularly plastic.

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Performance of the North America Extrusion Equipment Market

With a market share of 26.3%, North America is the largest extrusion equipment market. This is due to the region’s expanding manufacturing infrastructure and the high per capita income of the population, particularly in the United States.

The U.S. already possesses established expertise across a variety of end user industries as well as robust distribution and sales networks, which are predicted to increase the size of the extrusion equipment market globally. The growth of the extrusion equipment market is also anticipated to be boosted by the entry of new market participants and OEMs.

Europe Extrusion Equipment Market Will Expand

With a market share of 22.9%, Europe is the second largest extrusion equipment market. This is due to the existence of a developed market for snack foods that offers a sizable consumer base with potential for growth.

Due to the rising demand for various snack product types in this area, manufacturers are forced to source extruded snack products from other parts of the world in order to maintain a steady supply of raw materials. These factors necessitate the use of food extrusion equipment, which is expected to generate novel business opportunities for extrusion equipment manufacturers.

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Key Segments

By Product Type:

• Single Screw Extruders
• Twin Screw Extruders
• Downstream Equipment
• By Load Type:
• Variable
• Hydrostatic

By Press Position:

• Horizontal
• Vertical

By End User:

• Plastic Goods
• Processed Food
• Pharmaceutical
• Non-Conventional Energy
• Construction Materials

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

About Future Market Insights (FMI)

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

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According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market is projected to record a CAGR of nearly 18% through 2028. Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and growing integration of IoT, to the emergence of connected car eco-systems in vehicles.

Automotive remote diagnostic solutions have gained pervasive popularity among automakers and vehicle owners alike, in light of the value-added advantages of the technology. Reduced maintenance and service downtime, along with the identification of the bottlenecks beforehand, and enabler of on-point, efficient solutions, are some of the key benefits of the automotive remote diagnostics that are driving their demand.

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Additionally, attributes of the automotive remote diagnostics, beneficial for vehicle owners, in terms of identifying potential downturns, defects, and shortcomings of the vehicle in advance, and reducing the total time and cost spent during maintenance, are further expected to drive growth of the automotive remote diagnostics market.

The upward trend of vehicle electrification has had a massive and direct influence on growth of the automotive remote diagnostics. Additionally, recent rise in the connected-car ecosystem, along with the proliferation if IoT and connected devices in the automotive industry, will continue to favor growth of the automotive remote diagnostics market in the foreseeable future.

Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

• Equipment
• Software

By Vehicle Type

• Passenger Cars
• Compact
• Mid-Sized
• Luxury
• SUVS
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Application

• Vehicle System & Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance

By Region

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

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Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

About Future Market Insights (FMI) 

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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Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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The market for industrial fuel filters is anticipated to generate US$ 476.8 million in 2022 and US$ 784.3 million by 2032. A CAGR of 5.1% is anticipated for the market during the forecast period. Prior to that, from 2016 to 2017, the historical market had a 4.5% return.

In recent years, the use of industrial fuel filters has grown due to the rise in electric vehicles and advanced automation. Additionally, rising emissions standards and increased production are driving the recent growth of the market for industrial fuel filters. However, despite having a higher CAGR during the forecast period, the market is expanding at a moderate rate.

The need for industrial fuel filters is growing as indoor air quality and machinery effectiveness are improved. Industrial fuel filters are increasingly being used by end-use industries because they clean the fuel supply. Additionally, fuel filters get rid of dust components like rust, pollen, and liquid droplets. In addition to cleaning, it improves efficiency and enhances engine performance.

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Industrial Fuel Filters Market is Surging by Improving Engine Performance

The demand for industrial fuel filters is growing due to providing engine safety during the forecast period. Moreover, types of industrial fuel filters such as metal cartridge fuel filters, fuel injection filters, spin-on fuel filters, and metal-free filters are likely to increase the demand by end-users requirement during the forecast period. In addition, rising awareness related to environmental concerns and government initiative policies is driving the industrial fuel filter market growth in recent years.

The market is divided into types, which are further subdivided into chemicals, oil & gas, and marine. Over the course of the forecast period, the oil and gas sector is anticipated to rule the market. Increasing environmental regulation and increasing technology in the industry boosted the market during the forecast period. It improves the oil & gas quality are likely to accelerate the demand for oil & gas during the forecast period.

Regional Insights:

During the forecast period, North America is likely to secure 24% of the share. The market will grow during the forecast period as a result of new technology and rising vehicle production. Moreover, manufacturing is anticipated to boom in the market by investing in various automotive, industrial fuel filters during the forecast period in the region.

Rapid industrialization and the government’s strict policy on air pollution make the Asia Pacific one of the fastest growing industrial fuel filters market during the forecast period. Shifting of industries towards the region has observed exponential growth of industrial activities, which results in enormous emissions of pollutants. This ultimately increases the demand for industrial fuel filters, acquiring higher CAGR in the region.

Competitive Landscape:

The market is fragmented by the presence of prominent players globally during the forecast period. These players are launching and developing new products and focusing on the consumer’s demand as per their requirements. Some common marketing strategies are acquisitions, product launches, collaborations, and mergers.

• The Mann+Hummel Group
• Donaldson Company, Inc.
• MAHLE GmbH
• Clarcor Inc.
• AC Delco Inc.
• Ahlstrom Corporation
• Cummins Inc.
• Sogefi SpA
• Denso Corporation
• Hengst Se & Co. Kg
• GUD Holdings Limited
• Ryco filters
• Advanced Filtration Systems

Poor gas mileage, erratic performance, and in some cases a complete engine shutdown are the effects of a damaged industrial fuel filter. An engine suffers significant wear and tear from even the minimal particles. The growing demand for long drain intervals associated with industrial fuel filters is expected to hinder the growth of the industrial fuel filter market.

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According to Future Market Insights research, during the projected period, the global Material Handling Equipment market is set to enjoy a valuation of US$ 213.35 Bn in 2022. According to the FMI analysis, the global Material Handling Equipment market is anticipated to register a CAGR of 5.7% during 2022-2032.

The demand for the material handling equipment is primarily driven by the growing e commerce industries and increasing automation in the logistics sectors. The top 5 key players of the global Material Handling Equipment market are Liebherr Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, Eisenmann AG., etc.

A new forecast by FMI analysis estimates that Material Handling Equipment sales will augment during 2022-2032 and is anticipated to create a growth opportunity of US$ 158.05 Bn. This growth opportunity I owing to the booming industrial sectors worldwide which is demanding the surge in material handling equipment.

The growing industrial and factory automation with increasing technology and process automation is projected to create a growth opportunity for the global Material Handling Equipment market during the forecast period. Manufacturers, factory owners and industry person are more concentrating on minimizing the hard work and process timing of movement of goods and products and transportation.

The rise in sectors like transportation, agricultural, courier facility, shipping and machinery industry is fueling the surge in demand for worldwide market of Material Handling Equipment.

Competitive Landscape

The key players operating in the global market are focusing on expanding their capacities and resources to meet the growing demand of Material Handling Equipment by establishing their new plants in the targeted market. Also, the key players are adopting collaboration & joint venture strategies to increase their presence and resources.

Some of the key developments are–For instance, In March 2021, Aarekies Brienz AG, based in Brienz, Switzerland, acquired an industrial truck called ‘LH 60 M Port Litronic’ from Liebherr Group. Organizations can use the product to efficiently manage common shipments and large items.

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Material Handling Equipment Market by Category

By Product Type, the market is segmented as:

• Conveying Equipment
• Industrial Trucks & Lifts
• Hoist
• Cranes & Monorails
• Automated Material Handling Equipment

By End Use, the market is segmented as:

• Aerospace
• Agriculture
• Air Cargo
• Automotive
• Building and Construction
• Electrical & Electronic Equipment
• Industrial Machinery
• Shipping Industry
• Warehousing
• Postal/Express Delivery
• Other industries

By Region, the market is segmented as:

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

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The market for industrial weighing equipment is anticipated to reach US$ 3,992.5 Million by 2032 from its current value of US$ 2,456.2 Million in 2022. During the forecast period of 2022–2032, the market is anticipated to grow at a CAGR of 5%.

Industrial weighing machines are used to determine the weight of any objects, products, and gadgets with accuracy and precision. Analog or digital industrial weighing scales are available. Industrial weighing machines are widely used because of their many advantages, including their high precision, ease of calibration, and ease of reading the result.

Additionally, to precisely fill raw materials and check the weight of delivered goods, industrial weighing equipment is used. Manufacturers require industrial weighing machines because they offer accurate weight readings to a predetermined number of decimal places and help to reduce production costs by preventing material waste and overfilling.

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Industrial weighing scales can quickly and accurately measure weights ranging from milligrammes to metric tonnes. They are dependable, strong, and quick. Agriculture, pharmaceuticals, construction, food, and other end-use industries are those that use industrial weighing machines the most. Depending on their intended use, industrial weighing machines come in a variety of types, such as the conveyor scale, which weighs items as they move along a conveyor, and the weighbridge, which weighs massive trucks and other vehicles.

The market for industrial weighing equipment is expected to grow as a result of rising acceptance and demand for automation across a variety of industries. Higher labour costs and problems with manual weighing devices are two additional factors predicted to boost the industrial weighing equipment market. The labour and time required for weighing processes can be reduced with the help of automatic industrial weighing equipment. The global market for industrial weighing equipment is also anticipated to be stimulated by an increase in industry infrastructure spending.

Outlook Of The North American Industrial Weighing Equipment Market

During the projection period of 2022–2032, the North American market is anticipated to be the dominant market for industrial weighing equipment in terms of market share and revenue. According to Future Market Insights analysts, the industrial weighing equipment market in North America will reach a global market size of 24.8% by 2022.

North America currently controls the majority of the market share as a result of the end-use industry’s continued expansion and the expanding range of equipment implementations. The presence of well-known US companies and the ongoing trend toward automation support the regional market. Due to increased investments across a number of industry sectors and the simple availability of raw materials needed for industrial weighing equipment, the market is anticipated to expand.

Also, due to its sizable pharmaceutical industry, robust retail sector, and rising household demand for health monitoring, the U.S. dominates the region. Such advances are expected to propel the market in North America during the forecast period.

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The European Market Driving Demand For Industrial Weighing Equipment

Europe will control about 22.1% of the global market by 2022. During the forecast period, 2022–2032, this region is anticipated to have one of the fastest growing markets for industrial weighing equipment.

The region’s high concentration of retail stores and laboratories, as well as growing consumer health consciousness, are driving the demand for electronic weighing equipment. Germany and the UK are the biggest investors in and contributors to the regional market’s expansion. The low cost of the product in the area as a result of the presence of regional businesses is largely responsible for the region’s economic dimensions and the strong leadership of regional companies. Throughout the anticipated period, this is anticipated to fuel demand for industrial weighing equipment solutions.

What Can Be Expected from the Asia Pacific during the Forecast Period?

During the forecast period, the Asia Pacific region is anticipated to grow at the fastest CAGR. China has been the market leader in terms of the use and production of various products.

China will continue to be the world’s largest auto market when global car production rises to 40 million units by 2022 and 53 million units by 2025, according to the Chinese government. The Chinese government opened up its manufacturing industry to foreign companies by lowering the tariffs on automotive parts and raising the bar on foreign investment in the industry, which is also boosting the growth of the international industrial weighing market. Such regulations are projected to boost the expansion of industrial weighing equipment throughout the area.

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About Future Market Insights (FMI)

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

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In 2022, sales in the global transportation condensing units market are anticipated to reach US$ 2.8 Billion. By 2032, the market size is expected to reach US$ 4.87 Bn, growing at a robust 5.7% CAGR.

More than 200 thousand units of transportation condensing units were sold in the year 2018, according to the findings of a new research report of Future Market Insights (FMI). The report further projects that the unit sales of transportation condensing units will witness a promising just-under 5% yearly growth in 2019.

1. Global transportation condensing units market size in 2018 – Nearly US$ 2.3 Bn
2. The transportation condensing units market is likely to thrive at an estimated 5.6% CAGR over 2018-2028.

The demand for transportation condensing units is highly likely to be influenced by rapid industrial developments in the cold chain space, evolving federal policies, and sprawling urbanization that continues to drive demand for transportation of a range of commodities via cold storage chain.

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While over 45% of the total sales is accounted by medium-to-high capacity i.e. 10-15 KW transportation condensing units, it is highly likely that the high-capacity i.e. above 15 KW transportation condensing units that currently hold just-under a fourth of the total market volume, will gather momentum in coming years. The report has attributed this growth to increasing demand for large-scale application areas.

According to the report, single-temperature, single-compartment refrigerated trailers/trucks or multi-temperature, and multi-compartment refrigerated trailers/trucks are the most prominent users of transportation condensing units.

Developed Regions Account for over 70% Share in Total Sales of Transportation Condensing Units

Europe and North America are mature transportation condensing units market, and are likely to observe modest growth rates over the coming years. Moreover, trailers are the main vehicle type using transportation condensing units in these regions. Currently, North America and Europe hold a combined volume share of over 70% in the global transportation condensing units market.

The modernization of existing stores, pack houses, and ripening facilities in Latin America and ASEAN countries are anticipated to create lucrative opportunities in the global transportation condensing units market. As indicated by the report, the market growth will be considerable in the East Asia-South Asia-Oceania cluster, over the course of coming years.

Manufacturing enterprises of transportation condensing units in China have begun to flourish in recent years. China has been a prominent contributor to the market in terms of agricultural and animal products, with an annual value of over US$ 300 billion. The inadequacy of chilling facilities will further broaden the scope of new opportunities for infrastructural development, thereby reinforcing the demand for transportation condensing units.

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Competition Landscape of transportation Condensing Units is Consolidated and Turning Highly Dynamic

Transportation condensing units or transportation refrigeration units are offered with a robust portfolio of products and services, designed to help manage and monitor the cold chain of the most temperature-sensitive, perishable products, including food, pharmaceuticals, biologics and bioengineered drugs, and vaccines, in addition to some industrial chemical classes. Increasing installation of transportation condensing units for short- and long-haul applications on private and commercial carriers will continue to supplement the revenue of transportation condensing units market.

The competition landscape of the global transportation condensing units is highly consolidated, with the top two accounting for nearly 90% of the total revenue generated. Strategic efforts of a majority of leading players are most likely to remain concentrated in engineering improved designs of transportation condensing units, planning stronger product launches, and maintaining a high sustainability quotient. Constant efforts are expected to emerge in the introduction of innovative materials and technologies to extend product life cycles.

Key market players are also focused on enhancing their production capabilities, for better geographic reach. Importantly, strong distribution network, powerful customer management, and unique product and service portfolios are likely to remain the key developmental strategies of leading players competing in the global transportation condensing units market landscape. Moreover, companies will focus on the expansion in international markets by the assessment of demand patterns in various regional markets.

Prominent players in transportation condensing units market will also strategize on strengthening relationships with distribution partners and local market operators, as well as others across the supply and distribution network. Looking at the swift expansion of retail space, several companies are also investing in establishing tie-ups with a variety of retail channels. Some of the leading companies are also augmenting investments in the development of next-generation hybrid-electric transportation condensing units, according to FMI’s analysis.

Key Segment

By Cooling Capacity

• Below 5 KW
• 5 – 10 KW
• 10 – 15 KW
• 5.3.4. Above 15 KW

By Compressor Type

• Reciprocating
• Rotary
• Scroll

By Sales Channel

• OEM
• Aftermarket

By Vehicle Type

• Trucks
• Trailers

Region

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

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Some of the key companies that have been covered in the global transportation condensing units market report, include Carrier Transicold, Thermo King, Guangzhou Snowfall Refrigeration Equipment Co., Kingtec, Zanotti, and Electric Reefer Solutions.

Transportation Condensing Units Market Structure Analysis

• The global transportation condensing units market is a consolidated competition landscape, wherein, tier 1 companies hold more than 82% revenue share.
• While most prominent players maintain strategic focus on the North American and European markets, FMI’s report states that new technology assessment and environment-friendly products will be an important developmental strategy for companies.
• Leading players in the transportation condensing units market are also concentrating on the ASEAN, Indian, and Chinese markets where cost competitiveness will remain a strong differentiation strategy.

About Future Market Insights (FMI) 

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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The global demand for commercial aircraft video surveillance systems is expected to remain strong, at an estimated CAGR of 5.3% over 2022-2028. Cabin and cockpit surveillance systems will remain among the most sought after products in commercial aircraft video surveillance systems market, according to FMI’s analysis.

1. Commercial aircraft video surveillance systems market size in 2017 – Nearly US$ 135 Mn
2. Estimated CAGR for the commercial aircraft video surveillance systems market – 5.3% over 2022-2028.
3. Regulatory framework mandates installation of commercial aircraft video surveillance systems.

Commercial Aircraft Video Surveillance Systems Installation Favored by Regulatory Standards

With growing incidences of terror attacks and a number of serious illegal activities at national as well as international levels, it is most likely that the rate of adoption of advanced security solutions will see healthy growth, subsequently driving the commercial aircraft video surveillance systems market.

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After the 9/11 attack at the World Trade Centre and a heap of other instances over the years, the concept of commercial aircraft video surveillance systems came into existence. North America is projected to remain a prominent region in terms of market share in the commercial aircraft video surveillance systems market.

The growing number of air travel passengers has also created demand for travel security solutions, which is boosting demand for commercial aircraft video surveillance systems. Global organizations, such as ICAO (International Civil Aviation Organization), Federal Aviation Administration, European Aviation Safety Agency amongst others, have mandated installation of commercial aircraft video surveillance systems within all commercial aircrafts, providing a prominent impetus to the demand growth of commercial aircraft video surveillance systems.

Cabin & Cargo Surveillance Systems Gaining Ground in Commercial Aircraft Video Surveillance Systems Market

Based on the type of aircraft, commercial aircraft video surveillance systems market is likely to sustain ~70% of the demand from single aisle (narrow body) aircraft. As the number of jet planes has been estimated to almost double by the end of next decade, commercial aircraft video surveillance systems are poised to experience healthy growth in sales over the coming years.

Cockpit surveillance systems and ground manoeuvring camera systems have been installed in a majority of aircrafts. However, there has been rise in demand for cabin and cargo surveillance systems to monitor passenger and crew safety. The day/night capability camera system to analyze passengers’ behavior in a variety of cabin conditions such as dark or light is gaining popularity in commercial aircraft video surveillance systems market.

Air cargo currently represents over 35% of the global trade, by value. Major E-Commerce players such as Amazon, Alibaba, and eBay among others have been registered high reliance on air transport for express deliveries, thereby creating significant opportunities for commercial aircraft video surveillance systems installation within cargo planes.

Europe Accounts for Nearly 1/4^th Share of Market Revenue

Substantial fleet size and aircraft production have been placing North America at the leading position in commercial aircraft video surveillance market. As suggested by FMI’s report, Europe will also be a significant region, with ~25% revenue share in the global commercial aircraft video surveillance systems market.

Asia Pacific’s market for commercial aircraft video surveillance systems is anticipated to expand at relatively higher growth rate owing to the growing investments for the development of aerospace industry, rapidly expanding fleet, and increasing production and number of air travel passengers.

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Key Segment

By Product Type

• Cabin Surveillance systems
• Cargo Surveillance Systems
• Cockpit Surveillance systems
• Ground Maneuvering Camera System

By Aircraft Type

• Narrow Body
• Wide Body
• Regional Jets
• Turboprop

By Application

• Personal & Passenger Aircrafts
• Logistics & Cargo Aircraft

By Assembly

• Retro Fit
• Line Fit

By Region

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

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Commercial Aircraft Video Surveillance Systems Market: Key Vendors

The report highlights some of the top companies operating in the global commercial aircraft video surveillance systems market such as Securaplane Technologies Inc. (Meggitt Plc), UTC (United Technologies Corporation), Airbus S.A.S., AD Aerospace, Global Airworks Inc., Latecoere Group, navAero AB, Orbit Technologies Ltd., Cabin Avionics Limited, and Kappa Optronics GmbH.

Key Questions Answered by the Report

• What is the size of the commercial aircraft video surveillance systems market?The commercial aircraft video surveillance systems market was valued at US$ 140.4 million in 2018. The projected growth rate for the commercial aircraft video surveillance systems industry is a healthy 5.1% CAGR between 2018 and 2028.
• Which are the largest markets for commercial aircraft video surveillance systems?North America will hold a dominant share of the market for commercial aircraft video surveillance systems. Security concerns over potential for domestic or international terrorism is a key aspect driving adoption.

About Future Market Insights (FMI) 

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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