Friday, 27 April 2018

LiDAR Market Raw Material Analysis and Market Trend Forecast Report to 2024

"LiDAR market was valued at USD 309.8 million in 2015"
LiDAR Market covers key segments such as terrestrial, airborne and mobile & UAV LiDAR systems. It is a surveying method that measures the distance with help of laser light and sensors that creates 3D representation of target. Airborne systems dominated in market share and are predicted to grow in forecast period. The advantages such as high accuracy and detailed information of Airborne system has increased their use over photogrammetry. The systems deliver large area mapping in short time and are efficient.


LiDAR is used in high-resolution maps the technology is also used in navigation and control of autonomous cars. The vertical integration in LiDAR market has various advantages and adds significant value to supply chain operators. Light Detection and Ranging systems have made mapping of objects, detection, and examination easier than photogrammetry technique. The Chinese firm Nova Work vision Digital Technology Co. Ltd. Provides outsourcing service along with mapping products such as Digital Terrain model (DTM), Digital surface model (DSM), and Digital elevation model (DEM).


"The airborne systems market is expected to grow at a CAGR of over 13.6% from 2016 to 2024"
Airborne systems uses laser light generate a 3D representation of target landscape. LiDAR systems provide a precise data points in short time for creating digital elevation models and are anticipated to replace the present photogrammetry mapping technique due to their high ability of 3D scanning of images in short time. Government initiatives, large scale engineering infrastructure projects, increasing urbanization and improved project efficiency are vital factors that will have a positive impact on the market in forecast period.

LiDAR is used for atmospheric research and meteorology and the LiDAR instruments also have applications in aircraft, satellites with main purpose of surveying and mapping. The mobile system collects 3D point cloud data for creating map. Mobile and UAV systems will have great opportunities in emerging Economies and will drive the market worldwide over forecast period.


"The corridor mapping application segment accounted for over 37.99% of the global market in 2015"
LiDAR market is segmented based on application that includes Engineering environment, Advanced Driver Assistance (ADAS), corridor mapping and others. Among these segments the corridor mapping is expected to dominate with over 37.99% of industry share in 2015. A corridor may be highway passage, pipeline inspection, and railway track or power line. The mapping of corridor means collecting accurate data with help of airborne and terrestrial methods.

The LiDAR sensor is bounded to helicopters that fly at lower altitude and scans corridor and collects accurate information. The data collected is beneficial as it can be used in planning of work to be done, monitoring purpose and repair & deflections of areas. By 2024, he ADAS application is expected to gain prominence because of its application in automotive safety such as Automated Emergency Braking (AEB) systems especially in Europe and North American region.

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"The LiDAR laser scanning devices are anticipated to spectate the colossal growth opportunities"
On basis of components the LiDAR industry is fragmented into GPS components, navigation device, laser scanner and other devices that are used for capturing, processing and storing data such as camera equipment. Laser scanner has great importance in LiDAR technology, owing to this fact the laser segment is expected to grow at a significant rate. Different type of laser scanner is used for airborne, terrestrial and mobile & UAV platforms that scan entire area as per the mapping and scanning requirement.

"Velodyne LiDAR, Inc. to dominate the automotive LiDAR solicitation arcade"
The key players at present are witnessing severe competition in market. Major players are aiming high market share by providing enhanced quality products and opting different strategic initiatives such as merger and acquisitions. Leica Geosystems Holding AG, RIEGL USA Inc., Velodyne LiDAR Inc., Faro Technologies Inc., and Trimble Navigation limited are major players in LiDAR market.
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Laser Processing Market Key Manufactures and Drivers Analysis by 2025

Industry Insights
In the year 2015 the Global Laser Processing Market was sized at $10.36 billion and is estimated to grow at a significant rate due to the increase in material processing applications. Precise and accurate operations of industrial processes are achieved by implementing the laser technology in manufacturing. The regulations and the norms set by the governments are expected to positively affect the growth of laser processing market in next few years.


Due to their increased usage in various applications ranging from marking, cutting to welding, drilling, engraving the technology all set to witness tremendous growth in during the forecast period. The strict directives set by the governments on the usage of laser technology in marking and its increased use in the growing field of medical surgeries and devices is expected to drive the laser processing market in the near future.


Product Insights
The products related to laser technology consist of fiber, gas and solid-state lasers. Gas segment consists of nitrogen, copper, carbon monoxide, carbon dioxide, helium-neon and argon-ion lasers. Solid state lasers are further divided into YAG or Nd lasers, Q-switched Nd lasers, small-diode pumped Nd, YVO4 lasers and large sized lasers in end or side pumped configuration. Manufacturers are benefitted by the use of fiber lasers with their use in the manufacturing technology which acts as a driver fir the market. Varied field applications in the fields such as aerospace, machine tools, automotive, medical and packaging is estimated to fuel the global laser processing market over the forecast period.

Process Insights
Laser processing segment consists of marking and engraving, material processing and micro-processing. This section comprises of all the major factors of laser and material processing involving implementation of laser beam welding, hybrid processes, micro drilling, surface modifications, ablation of bulk material and coatings, cutting & machining direct manufacturing and so on. Crude oil extraction that involves mainly mining and drilling activities is largely benefitted by laser technology.


Aerotech offers development in main areas such as mechanics, laser controls and controls. They also aid the system integrators, OEMs, end users using processes such as cutting systems, marking, welding, etching and marking systems. Furthermore, the engagement of laser technology with water-jet cutting technology in smooth surface with narrow cuts, increases the overall efficiency subsequently fuelling the market growth over next few years.

Application Insights
Application segment mainly includes OEMs, Automotive, electronics and microelectronics, aerospace, medical and packaging. Rise in the rate of adoption of laser in various industrial applications such as cutting, welding, drilling engraving and various material processing activities is expected to drive the market to new growth heights in the next few years particularly due to extensive use of this technology as machine tools. The ever increasing demand in the fields of microelectronics and medical sector is expected to drive laser processing growth.

Key role is played by the process of welding the medical applications primarily such as implantable devices, pacemakers, surgical tools which involve non-porous and ultra-fine sterile surfaces which are implemented in cardio logical processes. Emerging applications in the fields of oil and gas and automotive sector will fuel the growth of laser technology along with the increase in the usage of machine tools over the next few years. Moreover, high speeds offered by laser cutting, improves the quality of cutting edges and provides the material in automotive segment with low-heat operation.

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Regional Insights
Largest market share was accounted by the Asia-Pacific region in the year 2015 consuming over 30% of overall revenue. It is expected to witness substantial growth due to the rising number of OEMs in this region. Moreover, key consumer of industrial laser and subsystems is expected to be China which is raising its applications in material processing and micro processing. Regulations set by governments that lay permanent and clear paths for the use of laser processing are also expected to drive the growth of laser processing technology across several regions. Additionally, the growing automotive sector in the European region with rising adoption of laser processing are expected to boost the demand of this technology over the forecast period.

Competitive Insights
Few major global players present intense competition which essentially is the characteristic of the market. These key players hold a majority of the market share. New product developments and research procedures are undertaken by firms so that newer business opportunities are available in front of them. Universal Laser Systems is the firm that provides products to the military branches and security agencies for custom parts fabrication, asset management and other security and production uses. Naval bases, Air bases and military bases all over the world use this technology.
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Internet of Things (IoT) Market Key Manufactures Analysis and Growth Forecast to 2022

Industry Insights
The Global Internet of Things (IoT) Market size was valued at USD 605.69 billion in 2014. Expansion of technology along with rising investments is anticipated to drive the overall market over the next seven years. Remarkable progress in the telecommunication, as well as increasing penetration of broadband services and internet, has furthermore propelled the industry growth. Big companies in technology along with corporate investors are witnessed to make notable investments in IoT industry. Companies like Dell and Intel actively started opening innovation labs and IoT divisions.


Also, start-ups of innovative technology which includes Electric Imp, Zuli, and IoT cloud service provider and smart plug maker have mastered to attract comprehensive funding due to the growing use of products across various verticals of an industry. At the same time, security and privacy related issues like unofficial access to connected devices or entering the system of connectivity can restraint the growth of the market. Also, a dearth of universally accepted operational standards as well as the existence of various strategic associations in the industry is expected to influence the industry growth.


Application Insights
On the basis of application, IoT market is segmented into Healthcare, Transportation, Manufacturing, Retail and Consumer Electronics. The segment of consumer electronics application dominated the market and held a market share of about 30%. IoT couple’s various devices and appliances using the internet thus enabling real-time wireless communication with users. The concept of connected car has shown one more successful use in the industry of IoT. Connected car is associated with the network and gives information that is necessary to the customers from a car.

In the case of urgency, connected cars deliver a message pursuing attention, thus indicating the location coordinates. Technologies which are IoT-based are capable of enhancing the visibility in producing in such a manner that each production unit can be viewed throughout the process of production. Also, expansion and growing installations of industrial robots have truly influenced the industry.


Component Insights
On the basis of components, the industry is segmented into Platforms, IT services, Connectivity, and devices. The connected devices as well as components allow associativity and interchanging information. Internet of things sensors and modules gained over 30% revenue of industry. The price of such sensors is anticipated to decrease drastically due to the improvement in the technological manufacturing of such devices and sensors.

The aim of IoT is to construct platforms like Qualcomm’s Alljoyn, IoTivity by Intel Corporation appear as a platform or a center to link different devices on a network. Additionally, the launch of Google Brillo along with Apple HomeKit, focusing on mainstream IoT are anticipated to achieve reputation due to the platforms that are consumer-friendly and seamless with full assimilation with their particular application stores.

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Regional Insights
Due to the existing major technology providers, North America has become a dominant force in the IoT market. The entrance of technological giants which includes Samsung, Google Inc., and Cisco into the market is the reason for the progress of creative connectivity solutions across different applications as well as devices. To make an associated environment for optimal security, the regulators in U.S. have acted on the major issues of privacy and security of data in IoT.

The region of Asia Pacific dominated the market in 2014 in terms of revenue with a share of around 35%, and it is predicted to grow at a CAGR near to 18% from 2015 to 2022. The industry growth is driven by growing penetration of internet services which gives high speed along with a decline in the average selling price for modules and sensors, in the region throughout the forecast period.

Competitive Market Share Insights
To achieve the prior mover advantage, technological giants has increased their investment in R&D in the sector. Also, companies are heading towards mergers and acquisitions for the growth and entry in the market. There is huge competition in the industry which is driven by innovations in the product and There is huge competition in the industry which is driven by innovations in the product and technology. Major Key players are Oracle, IBM, Accenture PLC, Huawei Technologies, Alcatel-Lucent, Hewlett-Packard, Amazon, Google Inc., Cisco Systems and Atmel Corporation.
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Transparent Ceramics Market Regional Analysis by Industry Overview to 2024

Industry insights
The Global Transparent Ceramics Market size was valued at USD 178.50 million in the year 2015 and is anticipated to experience a significant growth over the forecast period on account of its increasing demand from various application sectors as an alternative for traditional glass technologies in numerous functions for instance armours, optical fibers, lasers and infrared domes. The increasing emphasis on deployment cutting and laser tools is enhancing the transparent ceramics market globally.


In addition, growing penetration of transparent ceramics on account of its excellent properties as compared with conventional ceramics is presumed to fuel the expansion over the forecast period. The product consists of materials which are transparent under the electromagnetic wave as well as UV and IR light. Some of its materials provide multipurpose and special properties which are appropriate for lasers and scintillators.


Application Insights
The aerospace, defense & security sector accounted for 22.3% of the overall market share in the year 2015. The sector is anticipated to witness a speedy growth over the next eight years on account of increasing expenditure in this sector for new advancements. Transparent ceramics are used for manufacturing windows, hemispherical domes and armours for missiles. The constant rise in the expenditure for the improvement of aerospace & defense segment, specifically in the Middle East, is presumed to fuel the overall growth.

The optics & optoelectronics industry is anticipated to garner revenues worth USD 302.40 million by the year 2024. The product is utilized in CCDs, CMOS, transmitter, couplers and image & display sensors on a large scale, as a result optics & optoelectronics application sector is expected to garner the highest revenue share over the forecast period.


Product Insights
The monocrystalline transparent ceramics accounted for over 53.4% of the total revenue share in the year 2015. They are projected to witness augmented growth over the forecast period. The polycrystalline transparent ceramics are expected to witness the fastest growth over the forecast period on account of its increasing application scope such as armors, laser equipment and optoelectronic devices.

Material Insights
The demand for spinel is anticipated to witness a rapid growth over the next eight years on account of its increasing application for manufacturing defense industry related products. The polycrystalline structure of the material enables it to be a commercially feasible option for application in spinel. Sapphire accounted for 41.30% of the total revenues in the year 2015.

The material segment is presumed to continue its dominance over the next eight years on account of its rising usage in electronics & semiconductor industry. Yttrium aluminium garnet (YAG) is projected to grow at a moderate rate on account of its increasing application in defense vehicles and optic devices. The material segment is expected to garner a market share of around 22.1% by the year 2024.

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Regional Insights
Asia Pacific accounted for approximately 45.0% of the total market share in the year 2015. The demand in this region is fueled by the increasing application of the product on account of its excellent properties. In addition, the rising demand for iron & steel and defense sectors owing to rapid industrialization is presumed to boost the overall growth. The availability of raw materials at cheaper rates along with large number of manufacturers and suppliers is a crucial factor for the market growth in this region. China is expected to lead the growth of Asia Pacific during the analysis period.

The U.S. market was estimated at USD 20.90 million in the year 2015 and occupied more than 60.0% of the total revenue share in the North America. In addition, increasing expenditure of the country in defense sector is projected to fuel the demand over the forecast period. The global market in Europe is highly influenced by the glass & ceramic refractory and steel & iron industry. It is expected to witness a significant growth rate of 18.4% CAGR over the forecast period.

Competitive Insights
The major players are continuously engaged in R&D activities for new product development and innovations with an aim of strengthening their foothold in the market and achieve a competitive edge over the competitors. The major participants include Coorstek, Schott AG., Surmet Corporation, IBD Deisenroth Engineering, Murata Manufacturing Co. Ltd., CeramTec, Koito Manufacturing and Ceranova. The increase in the applications for transparent ceramics is anticipated to provide a competitive advantage to the market participants.
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Thermoplastic Elastomers Market Development Trends and Gross Margine Analysis to 2022

Industry Insights
In 2014, the Global Thermoplastic Elastomers (TPE) Market was estimated at 3.82 million tons. The rising replacement of ethylene propylene diene monomer (EPDM) by TPE in construction equipment is likely to fuel the product market. The superior chemical and physical properties of the product as opposed to thermoset plastics are expected to widen the application scope, thereby aiding market demand. The growing application of TPE in electronics, consumer goods, construction, and footwear is expected to have a positive impact on the product demand.


The rising demand for TPE in the automotive industry owing to the changes in consumer preferences regarding lightweight and high performance passenger cars has been instrumental in driving the market growth. The characteristics of the product to be recycled, re-shaped, and re-molded result in minimizing the product wastage, resulting in high application scope. The product acts as substitutes for conventional plastic and rubber on account of its attributes including resistance to oxidation, UV, chemicals coupled with imparting soft-touch.


The regulations by federal bodies including US Pharmacopeia, FDA promote safety and health ensuring the product utilization in various end-use industries. In addition, the environmental norms by various governments regarding reduction in carbon emission by increasing fuel efficiency is expected to witness a subsequent growth in the product application in automotive OEMs as an alternative to alloys and metals. The fluctuating prices of major raw materials including polyurethane, propylene, and styrene is likely to hamper the market growth.

Product Insights
The products are bifurcated as SBC, TPO, COPES, TPV, and TPU together with melt processable rubber & thermoplastic polyamides. SBC contributed to over 47% of the global market volume in 2014. The major SBC product consumed is SBC accounting for over 70% of the total product volume. The increasing demand for SIS in India & China in the automotive industry is likely to aid the product segment. The leading application segment for SBC was roofing & paving contributing to over 35% of product volume.


The rising demand in automotive industry for high performance plastics is likely to propel TPV segment growth. The penetration of TPU in the construction sector is growing on account of its acoustic and thermal insulating properties. In addition, the rise in consumer awareness regarding sustainability coupled with regulatory framework regarding zero energy construction is anticipated to fuel TPU growth in the sector.

Regional Insights
Asia Pacific contributed to over 40% of the global product consumption in 2014. The industrial growth in this region is on account of favorable government norms coupled with monetary policies regarding private investments. The major contributors to TPE consumption India and China are estimated to grow exponentially at around 66% during the analysis period.

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North America accounts for over 35% of the TPO product consumption market. The rising demand for the product in the construction & industrial sector is likely to propel market growth. The industrial growth in the region is based on increased application scope coupled with high R&D activities by local companies. The increased production in the automotive sector in Mexico and US coupled with the growth of consumer & construction industries is likely to have a positive impact on the TPE demand during the analysis period.

Competitive Insights
The global TPE market is highly fragmented with the major four companies contributing to over 45% of the market share. These major companies include Lyondell Basell, Sinopec, Kraton Polymers, and Dow Chemical Company. The other key players include Kraton, Evonik, Dynasol Elastomers, Bayer Material Science, and Arkema. The key companies are changing their production to the emerging markets in India, China, Southeast Asia, and Brazil.

This production shift can be characterized by favorable production conditions including low labor, raw material & operational costs. The presence of local suppliers in Japan and China is likely to increase the competition. The major manufacturers Zeon and Muller Kunstsoffe are expanding to Japan and China. In addition, Mitsubishi is engaged in R&D for developing eco-friendly bio-based TPU and improving manufacturing processes by the elimination of phosgene toxics.
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Tuesday, 24 April 2018

Bring Your Own Device (BYOD) Market Development Trend, Strategy and Analysis by 2020

Industry Insights
The Global Bring Your Own Device (BYOD) Market was valued at USD 75.99 billion in 2013. It is anticipated to foresee significant growth throughout the forecast period. Surging use of Smartphone and rise in the various services including 3G and 4G LTE are anticipated to boost the growth of the market in developed as well as developing countries. Since employees are used to their personal devices, they can execute task efficiently leading to the increased productivity.


Employees use a solo device for dual work i.e. professional and personal work so as to avoid inconvenience and theft from carrying separate devices. Such an environment eliminated the need to carry many devices or changing among personal and professional devices. One of the major challenges for enterprises while adopting this model is overcoming security concerns which are presented by BYOD implementations. Probable risks to security are unauthenticated access to private information, challenges in tracking data and measuring the risk exposure of data, theft of devices and the employees escaping the organization with these devices.


Device Insight
BYOD programs are carry-out through tablets, laptops, and Smartphone. Smartphone’s dominated the market in 2013 and has a revenue share of over 55% that can be associated with the fact that mobile developers have come up with various applications which have several computer-built programmers which includes Microsoft Excel, Microsoft PowerPoint and Microsoft Word which are of immense importance to employees for the both the personal and professional work.

Laptops are anticipated to shoe constant growth over the forecast period due to its familiarity with the above-mentioned programs thus creating a working environment at home. Tablets are offering features of both the Smartphones and laptops which is becoming popular and are anticipated to cause transformation in the adoption of BYOD.


End-Use Insights
Enterprises of all size which includes small businesses to mid-to-large sized businesses have begun to adopt BYOD programs as reducing both the capital and operating expenditure. Employees bring their personal devices at work which eliminates the cost of device or hardware. In addition, a large number of employees also bears the data costs that is incurred on their devices which help to reduce the overall cost of the organization. Mid-to-large sized businesses held the share of 75% in 2013; this can be associated with the availability of a large number of resources as well as advanced communication networks along with provisions for security.

Small businesses are also gaining a noble step and are anticipated to grow at a CAGR greater than the global average. A noticeable proportion of SMBs (Small and Medium-sized business) used an MDM (Mobile Device Management solution to govern and manage mobile devices to reduce concerns about security. To educate employees and establish policies around mobility are the plan for Several SMB’s IT executives. Mid-sized businesses have driven demand for MDM adoption. Banking, Financial services and Insurance (BSFI) along with healthcare are anticipated to arrive as key verticals to adopt such programs throughout the forecast period.

Provision of remote access to account information as well as facilitating collaboration with customers and co-workers are anticipated to penetrate into the BFSI sector. Doctors need access to mobile as they also work outside the hospitals. Issues of liability under Health Insurance Portability and Accountability Act (HIPAA) have authorized ensuring applications of PHI (Protected Health Information) on mobile. Different Agency such as defense also came across threats to cyber security. A policy such as COPE (Corporate-Owned Personally Enabled) needs to be adopted by them including devices that are customized, thus creating niche opportunities to provide solutions in large numbers for merchants.

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Regional Insights
The market of North America was valued at over USD 25 billion in 2013 and is anticipated to remain dominant over the forecast period. Several U.S companies are allowing their employees to work from home due to which penetration is high in North America. Asia Pacific BYOD industry has been grown by the use of Smartphone and tablets in large number coupled with the consumerization of IT. Though a higher number of people is using devices during their work, lack of policies which are formalized for support of BYOD is challenging one. Employees in the countries of India and China are working even outside the office hours which are not observed in the U.S and most of the European countries.

Competitive Market Share Insights
The market mainly includes hardware device providers along with enterprise mobility management solution providers. The participant focuses on giving assistances which include talent retention, simplification of operation through an approach that is unified. Cisco Systems, Alcatel-Lucent, Good Technology, IBM, and MobileIron were the leader in the BYOD market share in 2014.

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4K Display Market Size, Share, Growth Outlook and Geographical Analysis by 2020

Industry Insights
Viewing experience of the customer over the world has improved because of the new trend in smart devices which is called as high Definition. Technological advancement has remarkably changed the size as well as resolution of the screen in last few decades. A market for large screen TVs has witnessed growth owing to the transition from standard to high definition resolution. This market trend spurred the development of another advanced product named as Ultra High Definition(UHD) better known as 4K Television. The 4K format mainly used for the shooting of motion pictures.


Crystal clear picture qualities, better display as well as improved sound quality as compared to its conventional display technologies are some of the principal features of 4K which is projected to fuel the 4K display demand. In addition, 4K supports faster frame rates along with extended colours on the screen which is another factor driving product sales. Consumers all over the world demand for the big screen TV along with features like improved image resolution with enhanced image quality. So these requirements are the primary market drivers for 4K technology. This technology has a distinct advantage over its previous display techniques in the areas of higher resolution display.


Also, it has four times greater resolution than the regular full HD panels which makes it ideal for high end TV category. As a result of these benefits coupled with rising consumer demand, the key market players are heavily adopting 4k technology. As there is advancement in Ultra HD cameras market also many TV shows and Movies can get recorded and edited in4K UHD format. Also increasing demand for a gaming consoles is expected to drive the market in the near future.4K technology also helps sports genre thanks to its commercial appeal in the consumers. However, 4K streaming requires high bandwidth and thus negatively impacts the market growth. Further, signal integrity and mismatched resolution are some other issues which is anticipated to hamper market growth.

Application Insights
Personal and commercial applications are the two broad categories in which the 4K display is segmented. Household, Business, and education, aerospace; defense, retail, and advertisement are some of the major areas of the application of this product. Television sets are the original use of 4K panels also this board can be used in personal computers, industrial purposes, and Smartphone. This in turn is projected to increase the demand for 4K panels over the forecast period.


Regional Insights
Adoption of 4K technology is expected to witness rapid growth in Asia Pacific Region in the near future. Also, China is expected to become a leader in Shipment of 4K TV over the coming years. North America has been the early-adopter of this technology early and is anticipated to exhibit high growth over the forecast period.

Competitive Insights
There are many companies are present in the 4K display market. Many companies are launching new innovative products in this segment. For example, Samsung Electronics has launched Curved 4K TV which is first in its category. Other leading players in the market are LG Electronics, Au Optronics Corp, Panasonic, Sharp, Sony, Eizo, canon, etc. Walt Disney Company, Warner Brothers, Sony Pictures, and Paramount Pictures have combined and have set the standard for 4K for Digital Cinema.

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Intel and Samsung have come together to manufacture 23.6 inches 4K panels at the affordable price which will drive the demand of the market. On the similar line Intel, View Sonic, TPV has come together for manufacturing Budget monitors which also help market to grow further.

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Stevia Market Restraint Analysis and Research Methodology by 2024

Industry Insights
In 2015, the Global Market size for Stevia was estimated at USD 337.7 million. Rising popularity of stevia owing to its superior sweetening properties, and its ability to restrict any contrary effects on the fitness of the consumers is thrusting the industry growth over the next nine years. The food sector is expected to remain one of the most vital segments of this market owing to the increasing demand for low-calorie substitute products. The increase in consumer awareness concerning consumption of healthy nourishment will ultimately lead to the rise in the penetration of stevia in confectionary and bakery products.


Promotion to use stevia in different forms such as powered and dried drives the positive perception of the food and beverage sector in countries such as Vietnam, Singapore, China, South Korea and Japan on account of growing acceptance of stevia-based compounds and new product launches. In addition, the rise in the awareness of consumers towards fitness routine has also caused various carbonated drink producers which consist of The Coca-Cola Company to announce the stevia based product in their product line of soft drinks, which also helped them to widen their consumer base.


The approval from the EU Commission and the U.S. FDA which resulted in optimistic regulatory outlook is presumed to be a crucial factor fueling the growth of stevia market soon. The favorable atmosphere and consumer awareness concerning the advantages of natural sweeteners have influenced large-scale production in APAC and Latin America which resulted in an acceptance of compounds based on stevia in nations such as South Korea, Japan, and Brazil.

Product Insights
In terms of total volume, the beverage was the primary application industry accounting for over 34.8% in 2015. Increasing demand for juices, carbonated drinks, and low-calorie beverages is anticipated to cause the expansion of stevia market over the next nine years. A significant share of 22.2% global volume for tabletop sweeteners was projected as the third major industry.


Artificial sugar is expected to be replaced by stevia-based sweeteners in this sector over the forecast period to cater consumers with diseases such as diabetes. Another important segment of the market is pharmaceutical industry. Superior medicinal abilities such as its capacity to control obesity and blood pressure along with healing of injuries and wounds are presumed to open new growth opportunities soon.

Regional Insights
In terms of global volume share, Asia Pacific was the major market which accounted for 35.3%. Stevia-based sweeteners has been a substantial part of the diet regime of consumers for a significant period which resulted in the broad acceptance in these countries such as South Korea, China, and Japan. Developing nations such as Malaysia, India, Indonesia, and Thailand are predicted to be the important markets for stevia on account of the growing food and beverage industry.

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North America and Europe are anticipated to experience a substantial growth at CAGR of 4.5% and 4.3% respectively, over the forecast period. Latest approvals by the FDA regarding the product will have a positive impact on the total market and thus improve the penetration of stevia-based products.

Competitive Insights
With extensive coverage areas and large manufacturing capacities, the market is dominated by a limited number of players. On account of a firm foothold in application sector together with essential infrastructure for research and development, Evolva Holding S.A, GLG Life Tech Corp., Tate & Lyle Plc., Pure Circle Ltd. and Cargill Inc., are projected to lead the market. The crucial features of the market are expected to be product innovation and the establishment of strategic partnerships with farmers and cultivators along with mergers and acquisitions. Archer Daniels Midland (ADM) Company partnered with GLG Life Tech Corp. to industrialize and distribute stevia-based products in July 2016.

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Specialty Pulp And Paper Chemicals Market Application Trends and Cost Analysis by 2020

Industry Insights
Specialty Pulp and Paper Chemicals are utilized as raw materials for processing fine quality basket weave, perforated, carbonless, translucent, and no tear polyester paper types. These products consume less water & energy, reduce the product weight and keep the optical and functional properties of the finished product intact. Furthermore, specialty products are incorporated during wastepaper processing thus maintaining the environmental sustainability.


The global market is categorized into four different product segments that include basic, bleaching, process, and functional chemicals. Owing to key attributes such as, flexibility, optimum raw material utilization and better performance under varying operating conditions, these products are used in numerous application industries. Labeling, graphic arts, food, and filtration are the key application sectors that incorporate the use of treated pulp and specialty paper.


Specialty chemicals are specifically utilized in processing of premium quality customized papers and not the normal quality ones that are used in publishing shops and common printing areas. Filtration media and high value product packaging are the major customized end-uses of the product. Asia Pacific is considered to drive the market demand, owing to the rising consumption of specialty paper in various parts of the region. Additionally, the increasing usage of biodegradable products coupled with sustainable practices implemented by manufacturers is expected to spur the industry growth during the forecast period.

However, presence of stringent environmental and health regulations in developed countries are likely to hamper the consumption of these specialty chemicals. Moreover, high raw material cost is considered as another growth dampening factor of the industry, over the forecast period. Specialty chemicals for the paper & pulp processing industry, are likely to witness enormous growth in the future, due to technological advancement, especially in developed regions including North America and Europe.


Product Insights
The global market is categorized into four different product segments, which include basic, bleaching, process, and functional chemicals. Functional chemicals were the largely consumed products of the total industry in 2014. This category improves the mechanical strength of the pulp or paper, thus enhancing the surface printability. Furthermore, the consumption of functional specialty products is expected to increase during the forecast period, as a consequence of significant end-user requirements of dyed, pigmented & coated paper.

Rise in the literacy rate in countries such as China, India and Indonesia, is projected to boost the utilization of printed books. This in turn is considered to amplify the printing and paper processing activities and ultimately consume significant amounts of specialty and chemicals. Bleaching chemicals was the second-largest segment of the global industry. These products are characterized by various attributes, which include increasing brightness, color lightening of the pulp, ability of reducing pitch content and improving clarity of the pulp. Process chemicals category is estimated assumed to witness fastest growth during the forecast period.

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Regional Insights
In terms of volume, Europe and North America were the largest consumers of the industry, owing to significant product utilization in the regional packaging & labelling markets. In terms of revenue, these regions are estimated to witness expansion at a CAGR of more than 4% in the next couple of years. Furthermore, presence of major wood pulp manufacturing plants in countries including Canada and US is expected to augment the product demand. A noteworthy market growth is likely to be witnessed in the Asia Pacific region, owing to rapid industrialization and escalating retail market. This scenario is anticipated to reflect in countries including Indonesia, Japan, China and India by the end of the forecast period.

Competitive Insights
Shell Chemicals, AkzoNobel, Clariant, Kemira Oyj, Buckman Laboratories International, Ashland Inc., Bayer AG, BASF SE, SNF Floerger, Evonik Industries, ExxonMobil Chemicals, Nalco and The Dow Chemical Company are the prominent manufacturers operating in the industry.

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Next Generation Cancer Diagnostics Market Economic Impacts and Market Forecasts to 2025

Industry Insights
Global Next Generation Cancer Diagnostics Market size was worth USD 4,964.05 million in 2016 which is anticipated to grow at a CAGR of more than 9.7% over the forecast period. Rise in mortality rate due to the increasing occurrence of the cancer, second most predominant disease accounting for approximately 8.8 million deaths in 2015 is anticipated to escalate the market for these tests. Advancements in tests enable early diagnosis and assist efficient detection of different types of tumors which in turn is expected to promote growth over the projected period.


The introduction of new products by large bodies, merger, and acquisitions, and joint agreements such as the development of RNA-Seq Kit version by Agilent Technologies Inc. and Agendia Inc. are the factors accountable for the estimated CAGR. An escalation in the development of companion diagnostics in order to deliver advanced and personalized genomic medicine is also responsible for progress in the coming years. Furthermore, the technological advancements driving the innovation in point-of-care testing devices is anticipated to aid in commercialization of advanced products thereby supporting revenue generation.


Technology Insights
Incorporation of technological advancements such as melting curve examination for identification of mutations, qPCR tools for profiling of tumor in clinical test centers, and gene deletions are accountable for the largest share apprehended by multiplexing and qPCR segment. With the development of next-generation sequencing technology, the use of traditional methods such as protein and DNA microarrays is expected to decrease through the years. Other factors such as data interpretation tools, growth of supportive library preparation procedures, and technological advancements are accountable for the lucrative adoption of next generation oncology tests among researchers.

Cancer Type Insights
Major categorization for the types of cancer includes cervical, breast, lung, colorectal, and other tumor forms. The other types constitute leukemia, prostate, bladder, brain, skin, uterine, esophageal, Non-Hodgkin lymphoma, ovarian, liver, and thyroid. In 2015, as per World Health Organization lung cancer was accountable for approximately 1.7 million deaths. Moreover, breast cancer incidence is also estimated to grow thereby escalating the demand for screening and diagnostic technologies.


Application Insights
Growth in the number of research schemes to develop novel products and services which enable primary detection of tumor-causing mutations is expected to affect the advancement in genetic analysis over the forecast period. Biomarker tests offer greater sensitivity in screening and also demonstrate 90% accuracy levels in investigational studies which is attributive to induce progress in the coming years.

Function Insights
Risk analysis, prognostic based diagnosis, tumor screening, therapeutic monitoring, & theranostics are the different functions of next generation oncology diagnostic tests. The prognostic diagnostics segment is anticipated to witness the fastest growth in the coming years as a consequence of higher adoption of prognosis which plays important role in designing oncology therapies and protocols for chemotherapy, radiation-based treatment, and gene therapy.

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Regional Insights
The next generation cancer diagnostics market is dominated by North America with approximately 40% market share. Favorable government initiatives such as launch of “80% by 2018” program for detection of colon cancer is anticipated to propel progress in the coming years. In this program, almost 170 groups including medical professional societies, health departments, government health departments, and cancer coalitions are functioning to accomplish the mutual goal of attaining 80% screening for oncology diseases by 2018 and are working forward to eliminate the oncology disorders. Asia Pacific is anticipated to be the fastest developing region. Factors such as economic augmentation, higher investments, and greater untapped market are accountable for the fastest growth of resign in diagnosis sector.

Competitive Insights
Major entities functioning in the market include Novartis AG, Myriad Genetics Inc., Illumina Inc., Almac Group, Sysmex Corporation, F. Hoffmann-La Roche Ltd, Agilent Technologies, Genomic Health, Almac Group, Koninklijke Philips N.V, and Cepheid. Market players by offering clinical analysis amenities are implementing geographic expansion strategies. Furthermore, reimbursement coverage plays an important factor to increase the patient convenience to the precision drug. For example, in October 2015, U.S., Medicare started the reimbursement procedure for a prostate tumor type known as Oncotype DX.

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Gastroesophageal Reflux Disease (GERD) Therapeutics Market Growth Forecast by 2025

Industry Insights
The Global Gastroesophageal Reflux Disease (GERD) Therapeutics Market size was valued at USD 5.66 billion in 2016 and by is estimated to be USD 4.37 billion by 2025, it is anticipated to observe a decrease in its revenue at a negative CAGR of -2.9%. Expiration of patented blockbuster drugs, which are indicated for the management of disorders of acid reflux is major restraining factors for this market. With strong clinical pipelines and patent litigations, the market continues to experience significant changes. Proton pump inhibitors (PPI) and antagonists of histamine H2 receptor have the importance in current scenario of the market.


Upon loss of patent protection of formerly leading branded drugs, generic molecules with low-price can ingest the sales of the branded ones up to 90%. Rising number of companies being exposed to price scrutiny associated with shift in the focus of government on the promotion of consumer convenience will stimulate further reduction of drug prices. Although market turnover is affected by the expiration of major patents and the demand of drugs used to reduce acid, due to the increasing prevalence of heartburn, is anticipated to increase in the upcoming years. The devices of GERD serves as a substitute for management of heartburn, because of low rate of success and failure in clinical trials.


Hence, very limited acceptance of devices of GERD management contribute for the rising demand of drugs having acid neutralizing property, as the major therapy approach. Nevertheless, the advent of devices which are minimally invasive to address anatomical defects are gaining popularity coupled with supportive evidence from clinical data for performing various procedures including trans oral fundoplication, which helps in preventing reflux of non-acid and acid contents. The adoption of these devices have been further reinforced in the U.S. in 2016 with the advent of a CPT code (43210) which helps in facilitating reimbursement process.

Drug Type Insights
In 2016, market was dominated by the antacids segment and is anticipated to keep its top position over the forecast period. Most preferred first-line therapy for infrequent and mild symptoms is antacids, as the therapy neutralize the secretion of gastric acid immediately. Convenient OTC (over-the-counter) accessibility various forms such as syrups, powders and tablets is accountable for the extreme adoption. Moreover, the AHFS (American Hospital Formulary services), amongst other countries, enlisted over 120 preparations too advocate.


In 2016, the second largest segment was found to be PPIs as it is the most common medication prescription type for the diseases such as heartburn. Generics inflow leading to the loss of exclusiveness of popular drugs, including Prilosec and Nexium, is estimated to negatively affect the sales of branded versions. A further decrease is appearing more with the expected expiration of other patented drugs, such as Dexilant.

Regional Insights
In 2016, the largest region was found to be North America in terms of share for GERD market. Every year, GERD symptoms are experienced by more than 80 million people in the U.S., of which, approximately 25 million patients suffer from acid reflux and heartburn daily and approximately 60 million patients monthly. Moreover, outpatient clinic visits for GERD disorder in the U.S. has been increased in the past few years because of the more prone geriatric population to develop acid reflux and heartburn.

On the contrary, the Asia Pacific is estimated to witness the fastest growth rate. The increasing geriatric population and dietary and lifestyle risk factors such as diet with high fat and obesity, is anticipated to drive the growth. In developing countries, the inclination towards self-medication is quickly increasing because of the affordability and availability of OTC antacids as in China and India.

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Competitive Insights
Competitive market, which is generics-driven is creating a pressure on the prices of drug with decreased retail sales, which will stimulate stationary growth in future. Companies producing them range from high to medium on the basis of competitive rivalry. Eisai Co., Ltd.; AstraZeneca PLC; GlaxoSmithKline PLC; Johnson & Johnson and Takeda Pharmaceutical Co., Ltd.; are some of the top key players. In addition, Daewoong Pharmaceutical Co., Ltd.; SRS Pharmaceuticals Pvt. Ltd.; SFJ Pharmaceuticals Group and Ironwood Pharmaceuticals, Inc. are some emerging companies.

Among others, RaQualia Pharma, Inc. and Ironwood Pharmaceuticals, Inc. are focusing more on development of new generic molecules, which involves novel and existing drug mechanisms as a part of the strategy to enter into the competition. Many generic players are also trying to focus on these spaces in an attempt to capture a larger share by the new version to replace the patent expired drugs.

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Freeze Drying Equipment Market Size and Top-down Market Estimation by 2020

Industry Insights
Freeze Drying is a desiccation process typically used to preserve a perishable material. It is also known as lyophilisation or cryodesiccation. The method comprises of removing all the moisture content from a material by drying and freezing it. This prevents the growth of the fungi & bacteria and preserves the products for longer storage duration in a moisture free conditions. The equipment for the process includes vacuum pumps, cryogenic liquid storage, freezing & vacuum chamber, tubing & nozzles and various sensors which help in the implementation of the process. Modern technologies are being used in the cryodesiccation process, replacing the traditional ones owing to the effectiveness and efficiency.


Dry freezing not only helps in the elimination of moisture but also retain the chemical properties, enhance usability in varying conditions and keep the aroma of the product. Demand for preserving beverages and food with a better quality and longer shelf life has been growing to fulfil the need of customers. The medical and pharmaceutical industry is experiencing rising demand for latest improved products to efficiently & effectively cater to the needs of the consumer. Medical & pharmaceuticals and food processing sector are anticipated to fuel the market growth of freeze drying equipment. Moreover, eco-friendly taxidermy and interments coupled with a constant rise in the leather and flower preservation for a longer time are projected to drive the market demand for lyophilisation equipment. The development and growth of these segments are anticipated to be simultaneous.


The primary application of the dry-freeze is in the packaging, biotechnology, surgical procedures, and pharmaceuticals. Presently available industrial freeze drying equipment is massive in size and complex in nature, making their flexibility and movability a challenge. High maintenance and setup cost of these equipment can hamper the market growth of the freeze-drying market.

Product Insights
The global market for freeze drying equipment is divided into five categories namely general purpose, industrial freeze-dryers, bench top freeze-dryers, mobile dry freezers and laboratory freeze-dryers. Laboratory equipment is one of the leading product lines which is used for development purpose in medical industries. Bench top equipment is used in laboratories for biological studies by researchers and students. Industrial freeze drying equipment is widely used for preservation of beverages and food products. Portable freeze drying equipment is also anticipated to witness market growth due to the transportability and their multi-functionality. Generally, freeze-dryer are used for moisture elimination of food, leather, flowers etc.


Application Insights
On the basis of Application pharmaceuticals, biotechnology, surgical procedures, and food processing are the four segments for lyophilisation equipment. Other niche applications include leather conservation and flower preservation. The demand of the freeze-drying equipment is rising in the food processing segment with increasing adoption of preserved food. Furthermore, with the advancements in technology, other sectors of applications are also anticipated to grow with the rising demand of a variety of flowers and its transport & import/export business growth.

Regional Insights
In the segments such as food processing and pharmaceuticals, North America is one of the dominating application markets for freeze-drying equipment. Asia Pacific is anticipated to grow due to its emerging pharmaceutical market and expanding food packaging market. Europe retains a persistent growth in the dry freezing equipment market with the usage in various sectors.

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Competitive Insights
The key players in the global freeze drying equipment market are Thermo Fisher Scientific Inc., GEA Niro, Telstar S.A., I.M.A., Labconco Corp., MechaTech Systems Ltd. Cuddon Engineering Ltd., Operon, Freezedry Specialities Inc., Shanghai Tofflon Science & Technology Co. Ltd., SP Scientific and Millrock Technology Inc.

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Friday, 20 April 2018

Material Handling Equipment Market Growth, Segmentation, Manufacturing, Trend Analysis and Forecasts 2025

The Global Material Handling Equipment Market size is anticipated to reach $41.1 billion by 2025. The market is projected to witness the high growth owing to the increasing manufacturing activities in the pharmaceuticals, chemical, food & beverages and automotive industries paired with safety concerns over the workplace. Moreover, a technological development like robotic arms, escalators, automation, etc. started an evolution in the industries which efficiently perform tasks with error free and time & cost saving manufacturing processes, may fuel the market growth.


The increasing demand for retrieval systems and automated storage in pharmaceutical, food & beverages, chemical, and automotive industries are expected to be a key driving factor of the market growth due to the adoption of equipment by manufacturers in warehouses as well as the distribution & production centres. The product handling equipment reduces the cost as well as the risk of damaging a product due to manual transportation and processing activities. Trucks are the dominating segment of handling equipment and had the highest market share in 2015. However, retrieval systems & automated storage is likely to acquire significant market share over the forecast period owing to increased adoption of the automation systems across the APAC.


Product Insights
A variety of Automated, semi-automated, and manual material handling equipment lower the handling cost, shorten the delivery time and reduces the risk of damage and inventory. Thus, the adoption of material handling equipment is projected to upsurge.

End-use Insights
The e-commerce industry is anticipated to persist as a leading and fastest growing segment of the end-use due to the rising adoption of material handling equipment for storage & transportation purpose in a warehouse. These mechanical products used for the movement of goods, storage, tracking products, organization of orders and protection of material. Thus, they reinforce the operational capability, handle warehouse activities efficiently, and streamline the supply chain.


The flourishing e-commerce and manufacturing industries like textile, chemical, automotive, food & beverage, and pharmaceutical inducing a demand for warehousing the goods for managing and storing purposes. Thus, material handling systems act as a key factor in managing external and internal manufacturing/warehousing operations. They are widely used in the automotive industry owing to lessen the labor intensity, improved production activities, and timely delivery of goods or material.

Regional Insights
Europe is one of the dominating regions with a significant market share in 2015 and estimated over 35% of the sector share. However, APAC is expected to grow at a CAGR of over 7% making the region a fastest growing market in the forecast period. The increase in the manufacturing facilities, paired with the expansion of the e-commerce and industrial sector in APAC, is likely to drive the material handling equipment market in the region. Moreover, the mounting importance of safety at a workplace in manufacturing and chemical industries is projected to increase the demand in the forecast period.

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The rapid global development of e-commerce and industrialization are projected to boost the demand for the market in warehouses. Moreover, Middle East, Africa and Latin America are anticipated to make massive investments in the material handling equipment market.

Competitive Insights
The market is highly competitive with the existence of major players and small vendors supplying a broad range of the equipment. Furthermore, the industry is witnessing joint ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and included Automated Guided Vehicles (AGV) in its product portfolio. Additionally, manufacturers are adopting automation to sustain in the market. At present, the sector is dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V.
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Gas Sensor Market Key Manufactures Analysis and Growth Forecast to 2020

Industry Insights
The Gas Sensor Market size by sales was valued at $1.78 billion in 2013 and is anticipated to grow at a CAGR of 5.1% over the forecast period. Innovations, modern technologies, embedded electronics and enhanced manufacturing procedures are likely to drive the gas sensors market. For instance, as per the vehicle emission standard, the permissible amount of specific air pollutants that released by engines to the atmosphere is predetermined, and sensors such as NOx and CO detectors makes it possible to monitor and keep the level of pollutants as per norms, thus increasing the global revenue growth.


Furthermore, cabin air quality can be checked by the amount of oxygen present in the room or in transportation mediums by deploying oxygen sensors. Moreover, the growing industrialization worldwide releases the toxic fumes into the surroundings and atmosphere endangering the nearby life, boosting the demand for gas sensors to monitor these toxic elements in the air. Other key drivers fueling the demand are increasing adoption of these systems to ensure safety & health, smart sensors and wireless technologies.


Product Insights
Oxygen sensors is a dominating segment of the market with 10% of the total revenue in 2013 and are anticipating a further growth over the period. CO2 sensing systems have been witnessing increasing demand from the food processing sector to detect spoilage and level of carbon dioxide in controlled packages and storage. The higher cost of carbon dioxide sensing systems may hamper the market growth of the segment. Carbon monoxide sensors detect & monitor the concentration of the gas. Carbon monoxide is a toxic gas which is harmful to life above 35ppm concentration level. It is formed as a result of partial oxidation of carbon-containing materials and is detrimental to humans in high concentrations.

Technology Insights
Proportional-integral-derivative based devices are mostly useful in sensing ammonia, hydrogen sulfide, Volatile Organic Compounds (VOCs), etc. Thus, they are suitable for applications like monitoring and controlling a leak and decontamination in confined spaces and closed rooms. Catalytic sensors are used for detection of combustible smoke; these are flexible, easy to install & calibrate, and can be employed to control emissions from various sources. Detectors based on the catalyst technology can function over a wide range of temperature and represents a large number of systems used and manufactured today. Solid state systems can be used in harsh conditions like corrosive environment, high temperature and are robust in nature. The products based on thermal conductivity primarily used in gas chromatography.


End-Use Insights
Gas detectors are required in the commercial as well as residential space for avoiding oxygen deficiency and controlling hazardous emissions. It is used in sectors like real estate, medical, automation, environmental, domestic appliances, automotive and petrochemical. Ecological applications credited over 12% of the total revenue in 2013. The industrial sector is anticipated to dominate the global market during the forecast period.

Regional Insights
The Asia Pacific region dominated the gas detectors market in 2013 and credited over 25% of global sales revenue, owing to economic and technological development. Increasing demand for cohesive systems in handheld devices has also encouraged growth activities in the region. Moreover, government regulations such as the Wealth & Welfare, Industrial Safety Act are projected to drive local demand. Energy conservation initiatives and emission control standards are predicted to favor the demand of the gas sensing system market in Europe.

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Competitive Insights
Key industries in the gas detectors market include City Technology Ltd., Alphasense, Dynament Ltd, Figaro Engineering, AG, and Membrapor. Innovation and technological development are the primary strategies adopted by manufacturers. City Technology highly invests in research & development, state-of-art equipment, automation and focus largely on developing innovations.
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