Air Traffic Control Equipment Market To Witness Growth Based On Need For Construction Of New Airports & Expansion & Modernization Of The Existing Ones Till 2020: Grand View Research, Inc.

The Global air traffic control (ATC) equipment market is expected to reach USD 4.23 billion by 2020, according to a new study by Grand View Research, Inc. Need for construction of new airports, and expansion & modernization of the existing ones to address increasing passenger & freight traffic is expected to increase air traffic control equipment demand. Advancements in microelectronics have provided ample growth opportunities for the air traffic control equipment market and further innovations in the domain are expected to buoy market growth over the forecast period.

Owing to continuous need for monitoring air traffic, interruption in the activity is not feasible which makes replacement of obsolete ATC equipment a cumbersome task. In order to maintain the flow of traffic monitoring, new equipment is operated in parallel with the existing one before the latter is phased out completely, which poses a challenge to air traffic control equipment market growth.

Global Air Traffic Control (ATC) equipment market by product, (USD Million), 2012 - 2020

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Further key findings from the report suggest:

• The communications air traffic control equipment market accounted for a high revenue share in 2013 and the trend is expected to continue throughout the forecast period owing to increased need for replacement of obsolete equipment with new ones equipped with enhanced digital data communication.
• The military aircraft segment is expected to witness high demand throughout the forecast period owing to the mission-critical nature of the domain. In October 2014, Aquila, a joint venture between Thales and NATS was awarded a USD 2.36 billion contract by the UK Ministry of Defense (MOD) for transforming terminal air traffic management at military airfields.
• Europe and North America were the major air traffic control equipment regional markets in 2013, which can be attributed to increased government efforts pertaining to securing air traffic and aircraft. Asia Pacific is expected to witness high growth due to increased initiatives for efficient infrastructure.
• Leading players in the air traffic control equipment market have emphasized heavily on the enhancing equipment reliability to address minimum tolerance levels. Incorporation of effective collision avoidance system in ATC equipment is expected to be a key focus area for countering increased air traffic. Manufacturers and developers upgrade landing and navigation aids periodically to maintain safety and improve efficiency.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Armored Vehicle Market Is Projected To Witness Growth Based On Increased Fuel Efficiency And Efficient Armor Material Till 2022: Grand View Research, inc.

The global armored vehicle market is expected to reach USD 26.79 billion by 2022, according to a new report by Grand View Research, Inc. Increasing defense expenditure worldwide to improve military capabilities is expected to contribute to revenue growth.

Rising internal and external terrorism activity worldwide is expected to drive industry demand over the forecast period. Technology advancements such as unmanned vehicles are expected to fuel market growth. Increased focus of government such as India, China and the U.S. will contribute to industry growth.

According to Department of Industrial Policy & Promotion (DIPP) Indian government is expected to make investment of USD 130 billion on defense forces and additional USD 110 billion on homeland security over the next seven years. Rising unrest or civil war such as civil war in Iraq may also drive the armored vehicle market.

Companies are continuously investing in R&D to drive new technology and products. Enhanced fuel efficiency and protection are key aspects for future development. Budget limitations and macroeconomic conditions may delay the ongoing or future development over the forecast period.

U.S. armored vehicle market by product, 2012 - 2022 (USD Million)

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Further key findings from the report suggest:

• APC is key product segment and estimated to grow at a CAGR of 2.5% from 2015 to 2022. They are primarily used for safer deployment of infantry to battle fields or high threat areas and can be distinguished from IFVs based on the weapons they carry. Principally, APCs are not intended to take part in direct-fire battle, but are armored to provide protection from shrapnel and small arms fire and armed for self-defense. Mine-resistant ambush protected (MRAP) market is expected to growth at a CAGR of over 2.5%.
• Armored vehicles can be used to enhance defense capabilities, maintain homeland security, and for commercial applications. Homeland security works to prevent terrorist attacks with the country, reduce the vulnerability to terrorism, and minimize the damage from attacks that do occur.
• Asia Pacific armored vehicle market is estimated to be the key regional segment and accounted for over 30% of the overall revenue share in 2014. Rising defense budget of countries and increase in border or terrorism threats in Asia Pacific is expected to contribute to regional growth over the forecast period. North America armored vehicle market is estimated to hold over 25% of overall revenue share by 2022.
• This industry is highly competitive, key industry participants include BAE Systems, General Dynamics Corporation, Elbit Systems, INKAS, International Armored Group, Krauss-Maffei Wegmann, Iveco, Rheinmetall Ag, Lenco Industries, Inc, and Lockheed Martin.
• In September 2015, BAE Systems announced that it delivered the first production series ARCHER artillery system to the Swedish Defense Materiel Administration (FMV). Lenco Industries’ Bearcat and BEAR are used as military counter attack and rescue automobile; they are also used as patrol automobile on a military base or in urban environment. 

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Electric Water Heaters Market Is Anticipated To Grow Due To Improved Environment Sustainability And Temperature Control Over Longer Duration Till 2022: Grand View Research, Inc.

The Global Electric Water Heaters Market is expected to reach USD 29.32 billion by 2022, according to a new study by Grand View Research, Inc. Increasing residential and commercial projects worldwide is expected to drive market demand over the forecast period. Rising disposable income and preference for tankless heaters may further fuel the electric water heaters market.

Growing awareness for automated temperature control, energy efficiency and environmental sustainability is estimated to favor tankless heaters demand. Increasing government initiatives to improve rural infrastructure and uninterrupted electricity availability in these areas is expected to provide new opportunities to market growth. Rising electricity prices, volatile raw material prices and growing preference for solar water heaters may restrain market growth over the forecast period.

Global electric water heaters market by application, 2012 - 2022 (USD Billion)

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Further key findings from the report suggest:

• Global market demand is expected to reach 117.5 million units by 2022, growing at a CAGR of 6.9% over the forecast period.
• Storage water heaters are more commonly used for residential applications. They have capacity ranging from 2 gallons to 105 gallons with continuous hot water availability. They are also increasingly used in countries with limited or broken electricity supply as they can store hot water for future use. Residential storage tanks are highly insulated to minimize standby losses, which may be prominent owing to irregular and non-continuous use. The market is gradually moving towards tankless electric water heaters; however, the storage segment is still expected to remain dominant over the forecast period.
• Residential storage water heater tanks are highly insulated to minimize standby losses, which may be prominent owing to irregular and non-continuous use. Commercial water heaters can be glass lined, stainless steel lined, cement and hydrastine cement lined. Commercial developments such as restaurants, schools, hospitals, and hotels are expected to favor segment demand over the forecast period. Commercial electrical storage water heaters have capacity of up to 5000 gallons.
• Countries such as China and India are expected to contribute to regional growth over the forecast period. Rapid infrastructue developments in these countries are expected to favor the Asia Pacific electric water heaters market. However, increasing trend for use of solar water heater may restrict market demand gradually over the next seven years. These products are used mostly in urban areas whereas in rural areas electrified hand sticks and open fires are used to heat water. Storage technology is increasingly becoming popular in most large households, since pre-heated water can be used from tanks in case of power cuts.
• Key contributors to the electric water heaters market include A.O. Smith Corp, General electric, Rheem Manufacturing Co., and Siemens AG. Industry participants focus on offering energy-efficient and cost-effective products through technological advancements. They invest in R&D to offer innovative products to gain competitive advantage. A.O. Smith Corporation invested around USD 67.9 million, USD 57.8 million, and USD 51.7 million in 2014, 2013, and 2012 respectively for research & development.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Mobile Pos Terminals Market Is Predicted To Grow Swiftly Due To Growing Credit Card Payments And Ever-Changing Consumer Expectations Till 2022: Grand View Research, Inc.

The Global Mobile POS Terminals Market is expected to reach USD 42.99 billion by 2022, according to a new study by Grand View Research, Inc. Mobile POS terminals have evolved from basic payment processing tools to advanced analytics solution providers with greater processing capability and wireless communication support. The inflection of these terminals came with the adoption of consumer grade devices such as tablets for business use. Ubiquitous wireless connectivity such as the Bluetooth, availability of mobile printers, scanners, card readers and peripheral devices; and multiple platform support have driven the mobile POS terminals market in various applications.

Sophisticated data analytics, growing credit card payments and ever-changing consumer expectations are expected to spur the mobile POS terminals industry. This growth has encouraged retailers to leverage new applications and strategies to deliver seamless customer experience. Mobile applications have the ability to create new channels for revenue growth; as a result, vendors are increasingly trying to understand various marketing channels available in order to leverage technology to compete. Flexibility of having a tablet-based mobile POS owing to low installation costs has attracted SMBs to invest in this technology. Reduced customer time in line, increased security, free floor space and paper-free receipting services are the features driving mPOS terminals demand over traditional or fixed terminals.

The growing penetration of tablet devices, rising base of SMBs and micro-merchants, need for effective line-busting schemes to encourage card adoption are expected to propel market growth over the coming years. However, lack of standardization and data security concerns may restrain mobile POS terminals market growth. Increased penetration of Near Field Communication (NFC) in mobile devices is expected to augment demand. 

Global mobile POS terminals market by component, 2012 - 2022 (USD Billion)

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Further key findings from the report suggest:

• The mobile POS terminals market primarily includes components such as hardware and software. Mobile POS hardware systems accounted for majority of the market share in 2014; the segment is expected to lose market share through the forecast period. The software segment is expected to witness growth as consumers shift towards the use of consumer-grade electronics devices such as tablets for managing their POS needs.
• Retail segment accounted for over 30% of the overall market share in 2014. Growing adoption of mobile POS technology across SMBs and micro-merchants is expected to drive segment growth.
• Asia Pacific and Latin America mobile POS terminals market are expected to witness substantial growth over the forecast period. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Surge in demand across application segments is expected to spur the regional market.
• Notable companies operating in the industry such as Verifone, Ingenico, and Micros Systems provide various handheld and tablet-based mobile POS solutions. Verifone Systems introduced these solutions for SMBs along with iPayment to address the need of the marketplace.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Military Radar Market Is Predicted To Grow Swiftly Due To The Rising Need For Improving Border Safety Till 2024: Grand View Research, Inc.

The global military radar market size is expected to reach USD 13,779.7 million by 2024, according to a new study by Grand View Research, Inc.

The escalated demand for improving border safety is anticipated to propel growth in the security & surveillance systems and equipment, such as military radars. Radar systems used in the military sector are further used for weapon guidance, controlling air traffic, and air collision avoidance. Military radars are extensively used in missile guidance techniques, such as Active Radar Homing (ARH) and Semi-Active Radar Homing (SARH), as these systems help in the accurate target detection tracking.

The growing demand for military radars for the guidance of missile systems is expected to propel the demand over the next eight years. The need for high-resolution imaging radars for detecting fixed and moving targets in the battlefield is further anticipated to incite growth in the industry. The wide-scale adoption of military radars for aircraft collision avoidance is anticipated to contribute to the industry expansion.

The growth in market is highly susceptible to the prevailing economic conditions. The after effects of global recession have greatly impacted the military spending across the world, which is a significant factor responsible for driving down the growth opportunities in the industry. The European countries, such as the UK, Germany, and Russia, have experienced cuts in military budgets owing to the financial crisis and macroeconomic conditions. Another key factor affecting the growth of military radars is the cost of developing space-based radars, which demand an extensive spending on R&D activities and manufacturing.

North America military radar market revenue by type, 2014 - 2024 (USD Million)

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Further key findings from the report suggest:

• Convection ovens accounted for over 45% of the market share in 2014, which can be primarily attributed to their ability to cook food faster. In addition, these microwave ovens facilitate the cooking of multiple items simultaneously. Vegetables, cookies, roasted meats and cookies can be effectively prepared in a convection microwave oven. Grill ovens also contributed to a significant portion of the market revenue. Increased emphasis on healthy eating habits has propelled the demand for grill ovens as they are used for roasting food in a very short duration.
• Household microwave ovens contributed to over 60% of the overall revenue in 2014. Demand for household oven primarily originates from the working segment owing to quicker food preparation times. A surge in the establishment of hotels and fast food centers has favorably impacted microwaves’ adoption in commercial applications as they enable the serving of a large volume of food in shorter durations.
• Built-in microwaves have gained prominence over the last few years owing to their compact nature which facilitates their accommodation in modular kitchens. They also enhance the aesthetics of the kitchen as they can fit in a wall or a cabinet, thereby offering some counter free space in the kitchen. Counter-top microwaves are available in various sizes and can be installed manually without the need of an expert, owing to which they occupied a majority of the revenue share.
• North America accounted for over 30% of the market in 2014 which can be attributed to high penetration of microwaves across households and commercial establishments. The industry has reached its maturity stage in the U.S. and also several European countries, resulting in a potentially sluggish growth rate over the forecast period. Most of the microwave sales in North America and Western Europe are expected to emerge from customers opting for premium microwaves. The microwave oven industry has substantial growth prospects in the Asia Pacific region as majority of sales are expected to originate from customers purchasing microwaves for the first time.
• Key industry participants include Samsung, LG Electronics, Panasonic, Electrolux, and Galanz. Companies focus on product differentiation and geographical diversification as key strategies to expand their presence and achieve higher market penetration. Manufacturers also emphasize on the development of energy efficient microwaves to lower electricity consumption.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Material Handling Equipment Market To Witness Growth Based On The Mounting Demand For Automated Storage & Retrieval Systems Till 2025: Grand View Research, Inc.

The global material handling equipment market is expected to reach USD 41.1 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in manufacturing activities in the automotive, pharmaceutical, chemical, and food & beverage industries is projected to spur demand. The growing concerns for workplace safety are expected to remain a key driver.

The global material handling equipment market is anticipated to witness a high growth over the forecast period. This is accredited to the use of technologically advanced products, such as hydraulic components which are incorporated into this equipment. Furthermore, the integration of telematics solutions & tracking sensors into these products is expected to gain traction in the near future, thereby fueling the equipment sales. The rising espousal of automated storage and retrieval systems is expected to further catapult the equipment market growth over the next nine years.

China material handling equipment market by product, 2014 - 2025 (USD Billion)

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Further key findings from the report suggest:

• Automated storage & retrieval systems segment captured over 25% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 6.9% from 2016 to 2025. This growth is attributed to the surging espousal of automated equipment in warehouses and manufacturing centers
• On account of the wide scope of applications, these products aid in moving, protecting, and storing goods in warehouses. The e-commerce segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 10.0%.
• Asia Pacific emerged as the fastest growing market and is expected to witness a healthy CAGR of over 7%, which is primarily due to the rising manufacturing activities in the developing countries of this region
• The key purveyors in this industry comprise Daifuku,SSI Schaefer,BEUMER Group, Kion Group (Dematic), and Swisslog AG.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Marketing Automation Software Market Will Reach $7.63 Billion By 2025: Grand View Research, Inc.

The global marketing automation software market is expected to reach USD 7.63 billion by 2025, according to a new report by Grand View Research, Inc. Marketing automation software help organizations in automating repetitive and monotonous tasks, such as emails, social media, and other website functions, to save time, costs, and efforts. The technology is helpful in generating quality leads and successfully implementing marketing campaigns. It aids a marketing team in optimal usage of time and channelize its effort in working on multiple online sources.

The email marketing segment accounted for the largest market share, in the solution category, in 2015. However, the reporting & analytics segment is expected to grow at the highest CAGR of 13.3% over the forecasted period. The technology is expected to be applied in discrete manufacturing and grow at an estimated CAGR of 11.8% from 2016 to 2025.

The manufacturing industry is benefitting from marketing automation solutions, as they help in aligning office processes (both front and back) with an ERP or CRM. North America dominated the overall market and accounted for 54% of the total market revenue in 2015, owing to the presence of a large number of leading players.

Global marketing automation software market, by enterprise size, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The email marketing segment accounted for 30% of the total market share in the year 2015
• In 2015, cloud deployment was the most preferred way for deploying the technology and the segment is predicted to maintain its dominance over the next nine years.
• The telecom & IT segment accounted for 23% of the total market revenue in 2015
• The Asia Pacific region is expected to experience the highest growth over the forecast period, owing to the presence of emerging economies, such as India and China, which possess a large customer base. The regional market is expected to grow at a CAGR of 13.5% from 2016 to 2025.
• The prominent players in the market are Act-On Software, Inc., Adobe systems, Inc., HubSpot, Inc., IBM Corporation, Salesforce.com, Inc., and Oracle, among others

• A large number of vendors are acquiring other players to consolidate their market share and expand their existing portfolio

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Marine Propulsion Engines Market To Be Driven By Increase In The Demand For Financially Efficient And Operationally Dependable Ships Till 2020: Grand View Research, inc.

The Global Marine Propulsion Engines Market is expected to reach USD 10.95 billion by 2020, according to a new study by Grand View Research, Inc. Significant modernization in marine propulsion as a direct consequence of increased demand for operationally dependable and financially efficient ships is expected to drive the marine propulsion engines market. The shipping industry has started to focus more on reducing fossil fuel consumption by developing electric motors which also help increase energy efficiency.

The market is expected to be hindered by regulations of the International Convention for the Prevention of Pollution from Ships (MARPOL), which apply principally to the protection of the marine environment and prevention of contamination by oil, chemical spills, sewage, marine species, and air pollution by engine exhaust gases. With the advancement in technology and increasing awareness pertaining to environmental conservation, development of propulsion systems that run on alternate fuels and with minimal emissions has garnered special importance.

Although wind and solar energy have gained prominence as auxiliary propulsion sources in the marine propulsion engines market, they are inadequate to suffice the power requirements for primary propulsion purposes.

Global marine propulsion engines market by product (USD Million), 2012 - 2020

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High reliability and easy operability have resulted in diesel engines being the most extensively used to meet the primary as well as auxiliary ship propulsion needs in the marine industry. Presence of well-established spare part and repair networks globally coupled with availability of trained engineers and established training facilities has further driven the diesel marine propulsion engines demand.

Depleting conventional and shale gas reserves have led to the increase in the demand for liquefied natural gas (LNG) as a marine fuel which involve dual fuel diesel (DFD) engines as prime movers. Wind energy and solar energy have gained prominence as auxiliary power generating sources as they do not emit harmful pollutants. Although steam turbine systems were traditionally used as prime movers, they have been increasingly substituted by diesel and dual fuel diesel (DFD) engines. Steam marine propulsion engines are still used in niche applications such as coal carriers and LNG carriers.

Asia Pacific accounted for a substantial share of the overall marine propulsion engines market revenue in 2013, which can be attributed to significant investments by countries in the Far East such as China and South Korea. North America is among the highest adopters of LNG as a propulsion medium.

Leading marine propulsion engines manufacturers such as Wärtsilä, Rolls-Royce, MAN Diesel, Caterpillar, and Cummins adopt global multi-sourcing strategies to explore alternative sources of supply. Marine propulsion engines manufacturers have dedicated professional sales staff having expertise in the company’s entire product lines for identifying specific and tailored solutions. The marine propulsion engines market is characterized by frequent mergers and acquisitions in a bid to achieve competitive advantage.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Plastic Contract Manufacturing Market Is Predicted To Reach USD 41.22 Billion By 2025: By Grand View Research, Inc.

The global plastic contract manufacturing market is expected to reach USD 41.22 billion by 2025, according to a new report by Grand View Research, Inc. Consumer goods & appliances and medical are the major applications of plastic contract manufacturing worldwide. As per the World Health Organization, the global healthcare expenditure is expected to rise from USD 7,200.00 billion in 2013 to over USD 9,300.0 billion in 2018. 

The rise is expected to be fueled by the global economic recovery leading to an increase in the healthcare spending. In addition, the growing need for better healthcare services for the aging population, infrastructure improvements, and technological advancements are expected to drive growth of medical devices market, thereby leading to an increase in the demand for plastic contract manufacturing.

Contract manufacturing provides three major benefits for any business which includes knowledge base, offloading of work, and cost saving. Plastic contract manufacturers work along with the customer to determine the raw material, time requirement, design specifications, and certification requirement. Manufacturers offer customization and develop products as per specific size, design, and quantity requirements. Outsourcing a certain part of the production process leads to reduced cost for end-users.

U.S. plastic contract manufacturing market revenue, by product, 2014 - 2025 (USD Billion)

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Further key findings from the report suggest:

• ABS segment is expected to witness a CAGR of 4.9% from 2017 to 2025 on account of its properties including chemical resistance, impact resistance, strength, and chemical inertness
• Polyethylene accounted for a share of 17.7% in 2017 and is expected to witness considerable growth on account of high utilization in toys, milk bottles, shampoo bottles, pipes, houseware, containers, and medical device and equipment packaging
• Medical segment is anticipated to witness significant growth over the forecast period on account of growing demand for medical implants, components, trays, containers, and monitoring devices
• Aerospace & defense segment is expected to grow at a considerable rate over the coming years on account of stringent regulatory standards and utilization of high cost polymers for manufacturing of aerospace & defense components
• High aircraft and medical device manufacturing in North America and Europe is expected to have a positive impact on the industry over the next eight years
• Expansion and acquisition & mergers are the key strategies adopted by the companies in the market. In January 2017, GW Plastics expanded its San Antonio, Texas facility in order to cater to the growing medical device and automotive safety business in southwestern U.S.The facility is spread across 51,000 square feet for advanced manufacturing and external warehouse.

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Machine Translation Market Is Projected To Grow Quickly Due To Increasing Need For Enabling Global Collaboration Among Employees Till 2022: Grand View Research, Inc.

The global Machine Translation Market is expected to reach USD 983.3 million by 2022, according to a new study by Grand View Research, Inc. Technological advancements have led to the development of sophisticated translation technology with minimal errors and grammatical coherence, which has considerably widened the scope for machine translation. The ability to rapidly, seamlessly and cost-effectively translate documents and content in regional languages has spurred the machine translation market over the past few years.

The provision of machine translation Software-as-a-Service (MTSaaS) over secure cloud offerings hosted in data centers is expected to offer substantial growth opportunity for the market. Increasing prominence of cloud computing has resulted in growing demand for cloud-based translation tools, which is further expected to boost the machine translation market. Constant R&D and technological advancements have enabled the technology to seamlessly integrate into a range of products from enterprise-level systems to consumer devices. Upgrading of communication networks and the rising proliferation of smartphones has led to the introduction of machine translation apps that provide instant translation of multilingual text.

Global Machine Translation market by application, 2012 - 2022

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Further key findings from the report suggest:

• Electronics and automotive industries are expected to gain significant market share by 2022. Application of machine translation in healthcare is expected to gain market share over the next six years. The need for accurate and timely translation of a large amount of content is expected to drive demand in various application industries.
• Training of SMT-based translation engines consists of feeding in millions of segments of glossaries, bilingual texts, etc. for the engine to learn by examples. The demand for SMT has significantly increased over the past few years, due to its effectiveness over RBMT in terms of time and cost. It is also expected to remain the largest technology market through 2022.
• Government initiatives and the presence of a large number of service providers has helped boost market growth in the U.S. Microsoft and Google, two of the largest technology providers based in the U.S., have made statistical machine translation technology popular with their free online engines.
• Machine translation providers often sell products through their own websites or indirectly through a network of specialist sales agents. Most providers prefer having a direct sales force to market and sell their offerings. MT solutions are available as commercial software solutions (e.g., SYSTRAN Enterprise Server and SDL BeGlobal) or as free, web-based applications (e.g., Microsoft Bing Translator and Google Translate).

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Horizontal Directional Drilling Market Is Projected To Witness Growth Based On Rising Demand From Electricity Distribution, Natural Gas Distribution Utilities Till 2022:Grand View Research, inc.

The global horizontal directional drilling market size is expected to reach USD 14.95 billion by 2022, growing at a CAGR of over 14% from 2015 to 2022, according to a new report by Grand View Research, Inc.

Horizontal Directional Drilling (HDD), which is a trenchless technique used for the installation of underground cables, pipes, and conduits along a pre-determined path by using a surface-launched drilling rig, has gained immense prominence on account of negligible damage caused to the topography of the surrounding area.

The growth prospects for this market are bullish due to high demand originating from the telecommunications sector. Telecom companies have started taking measures in order to make 4G and 5G services available to all, which has consequently increased the demand for installation of cellular towers. Demand from utilities (electricity distribution, natural gas distribution) is expected to remain steady throughout the forecast period, thereby ensuring uniform growth of the HDD market.

Substantial HDD projects as a result of unqualified engineers and consultants without any prior HDD project design experience hired by owners and lack of contractor review for constructability prior to project inception are some of the challenges faced by the HDD industry.

North America horizontal directional drilling market by end-use, 2012-2022, (USD Million)

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Further key findings from the report suggest:

• Projected to grow at a CAGR of 15% from 2015 to 2022, telecommunications is expected to drive the horizontal directional drilling market over the forecast period. Fiber and telecommunication cable deployments have witnessed an upsurge over the last few years and are not expected to show any signs of weakening over the next seven years. The digitization trend has been gradually adopted by both, developed and developing countries worldwide and cable & broadband providers are striving hard to expand their networks to address the growing demand.
• Utilities contributed to over 55% of the overall revenue in 2014, and the sector is expected to continue being a key application area for HDD throughout the forecast period. This can be attributed to the growing need for electricity, water, and natural gas supply to cater to the needs of the expanding population.
• North America contributed to over 30% of the horizontal directional drilling market revenue and is expected to continue growing steadily over the next seven years, with telecommunication and energy garnering a major chunk of the revenue share. Asia Pacific is projected to grow at a CAGR of close to 15%, the high growth being attributed to increased demand for utility installations and growing broadband subscribers, particularly in China, India, Australia, and Japan.
• HDD equipment manufacturers including Vermeer, Ditch Witch, Midwest Underground, and Universal HDD provide drilling machines of varying thrusts and spindle torques depending on the application area. Some equipment manufacturers also forward integrate and provide contracting services to the end users, leveraging their expertise in the domain.
• Contractors such as UEA, Ferguson Michiana, Michels Corporation, and Nabors form a key element of the value chain. They are responsible for the execution of a complete project, from procuring equipment from the manufacturers, investigating the drilling site to determine feasibility, employ experienced drillers, monitor the HDD process and ensure that drilling standards are followed and ensure overall safety.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 For more information: http://www.grandviewresearch.com

Data Center Power Market Is Projected To Grow At A CAGR 6.7% CAGR from 2014 to 2025: Grand View Research, Inc.

The global data center power market is expected to reach USD 10.77 billion by 2025, according to a new report by Grand View Research, Inc. The global data center power market is majorly driven by the shift of various end-users towards hyper-scale and colocation data centers. The increase of such data center facilities is anticipated to result in an increasing demand for data center power equipment in the coming years.

Globally, data centers consume around 3% of the total energy generated, which is a considerably high figure. Moreover, since the energy prices are rising, the need to reduce PUE ratios is also growing. Data center designers are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser PUE ratios. This goal of reducing the PUE ratio is further expected to spur the demand for advanced and intelligent data center power products over the forecast period.

Uninterrupted Power Supply (UPS) is the backbone of data centers and are significantly deployed for the smooth working of servers and other networking devices. Furthermore, the cost of UPS is significantly higher than any other data center power products. As a result, the UPS product segment dominated the global data center power market in 2016. Additionally, most data centers use the smart UPS system, battery monitoring devices, and intelligent power distribution systems in a bid to reduce the PUE ratio. The increasing penetration of these new devices is further expected to boost the demand for UPS over the forecast period.

The U.S. has some of the biggest data centers in the world. The country accounted for more than 70% of the total market share of North America in 2016. Furthermore, Asia Pacific is projected to be the highest growing region owing to the increasing number of co-location data centers in developing countries such as India and China.

India data center power market by product, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The global data center power market is expected to witness a CAGR exceeding 6% from 2017 to 2025, owing to the increasing trend towards reducing the PUE ratio for better energy management in data centers.
• The increasing penetration of IoT connectivity and the integration of artificial intelligence are expected to favorably impact the data centers market, thereby driving the demand for data center power systems over the coming years.
• The UPS segment accounted for the largest share in 2016, which is accredited to the increasing demand for energy in data centers along with increasing penetration of co-location data centers globally.
• North America accounted for over 35% of the overall revenue share in 2016 and is also expected to dominate the market over the forecast period, owing to the increasing number of data centers in the U.S.
• Key players that captured a significant market share in 2016 were Vertiv Co., Schneider Electric, Legrand, General Electric, and Eaton, among others.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Flight Simulator Market Is Projected To Grow Due To Increase In Government Spending And Growing Security Concerns In Military Sector Till 2024: Grand View Research, Inc.

The global flight simulators market is expected to reach USD 5.62 billion by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of FFS owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for FTDs on account of their low operational costs, modular approach, real-time aerodynamic flight model, and remote configuration as well as management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.

The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the market. Increase in government spending and growing security concerns particularly in the military sector is anticipated to escalate product demand significantly. The rising concerns over pilot training cost along with fluctuating fuel prices may further drive demand for flight simulators over the next eight years.

China Flight Simulator Market By Product, 2012 - 2024 (USD Million)

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Further key findings from the report suggest:

• The FFS product segment accounted for over 90% of the overall revenue in 2015 and is expected to grow at a CAGR of over 4% from 2016 to 2024. This growth is owing to features that provide motion, sound, visuals, and all other aircraft operations that create a realistic flight training environment.
• The demand in civil application segment is primarily due to the rising air traffic coupled with the growing emphasis on the passenger as well as pilot safety. Governments in several countries have enforced strict regulations regarding the use and significance of simulation training.
• The services segment is anticipated to grow at a CAGR exceeding 3.0% over the forecast period. This is primarily attributed to the rise in number of simulator installation by international airways.
• Europe accounted for more than 30% of the overall market share in 2015 and is expected to exhibit a modest growth over the next eight years on account of the elevating enforcement of regulations pertaining to pilot training and passenger safety.
• The Asia Pacific flight simulators market is estimated to exhibit a substantial growth over the forecast period in light of the growing aviation industry, resulting in the increasing demand for flight simulators. The Middle East & Africa is also projected to showcase a substantial demand of over 4%, which is primarily be attributed to the presence of carriers including Emirates, Etihad Airways, and Qatar that are investing heavily in this industry.
• Prominent industry players include CAE, Boeing, L-3 Link Simulation & Training, Lockheed Martin, Rockwell Collins, Thales and SaaB. Industry participants emphasize on joint ventures, mergers and acquisitions in order to acquire greater financial, technical, marketing, manufacturing and distribution expertise.

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Flexitanks Market To Reach $1.49 Billion By 2024: Grand View Research, Inc.

The global flexitanks market is expected to reach USD 1.49 billion by 2024, according to a new report by Grand View Research, Inc. Increasing commodity export, particularly in Asia Pacific, is expected to foster flexitanks demand over the forecast period. Cost-effective and efficient nature of flexitanks has increased product popularity among the end-users. Flexitanks can carry more amount of liquid in a standard container than the ISO tanks or drums used for bulk transport traditionally.

Single trip was the leading product segment and accounted for over 90% of total market volume in 2015. Single trip flexitanks are very much cost-effective compared to multi-trip flexitanks, as they eliminate cleaning and repositioning costs incurred. Green logistic practices incorporated by most of the flexitank manufacturers and logistics providers ensure proper disposal of used flexitanks without causing any environmental ill-effect.

Virtually, flexitanks can be utilized for any liquid and semi-solid food material. This has helped higher flexitank penetration in the foodstuffs application segment. Higher operational benefits and cost-effectiveness have made flexitanks an attractive alternative.

China and South East Asian countries have become the prominent manufacturing hubs for key manufacturers in the world. Huge foodstuffs & chemicals’ export from Asia Pacific & North America is expected to push flexitanks demand to greater heights over the forecast period.

U.S. flexitanks market volume by product, 2014 - 2024 (Units)

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Further key findings from the report suggest:

• Global flexitanks market demand was 984,000 units in 2015 and is expected to reach 4,928,106 units by 2024, growing at a CAGR of 18.6% from 2016 to 2024
• Foodstuffs were the leading application segment and accounted for over 30% of total market volume in 2015. Easy availability of FDA approved flexitanks in all regions has been a major factor for its increased penetration.
• Chemical is expected to be the fastest growing application segment at an estimated CAGR of 19.0% from 2016 to 2024. The growth can be attributed to increasing popularity of flexitanks along with the fact that all non-toxic liquid chemicals can be transported using flexitanks.
• Asia Pacific emerged as the leading regional market and accounted for over 60% of the total volume in 2015. Increasing commodity trade along with higher market penetration is expected to spur the regional market growth over the next seven years. The region is also expected to witness the fastest growth over the forecast period.
• Key market participants operating in the global flexitanks market include Environmental Packaging Technologies Inc., Qingdao LAF Packaging Co. Ltd., Trans Ocean Bulk Logistics Ltd, and SIA Flexitanks Ltd.

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Enterprise Networking Market To Gain Demand Quickly Due To Reducing The Digital Divide & Improving Financial Inclusions Till 2024: Grand View Research, Inc.

The global enterprise networking market is expected to reach USD 64.63 billion by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of virtualization technologies by organizations to reduce the storage infrastructure costs is expected to offer lucrative opportunities to the market over the forecast period.

Growing popularity of wireless equipment and strong demand for internet-enabled devices is expected to drive the revenue growth. Enterprises are favoring the advanced technologies and features such as 100G Ethernet switches and adoption of 802.11 ac standards.

U.S. enterprise networking market by equipment, 2012 - 2024 (USD Million)

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Additionally, the proliferation of Bring Your Own Device (BYOD) and expanding mobile workforce is expected to augment industry growth. The BYOD trend epitomizing the concept of any device used anywhere is fuelling the need for invasive wireless networks and mission-critical mobility applications.

Growing IT infrastructure and increasing demand from economies such as India, Japan, and China is expected to fuel enterprise networking market growth. Rising bandwidth requirements and accelerating shift towards wireless systems are also projected to boost demand over the forecast period. However, rising security concerns and difficulty in managing complex networks is expected to hamper growth.

The shift towards Software Defined Networking (SDN) has had a considerable impact on the router and switch market. The switch manufacturers are making their hardware more accessible through Application Program Interface (API) which exposes their configurable elements. This transition in design offers flexible and application-driven customization of network infrastructure.

Moreover, small and medium-sized businesses are expected to continue investing in the networking market to make provisions for technological changes and to support their expansion goals. Government initiatives in developing economies are aiming at building smart cities, reducing the digital divide and improving financial inclusions are expected to augment the demand for enterprise networking market.

Further key findings from the report suggest:

• Ethernet switch is estimated to reach over USD 23.54billion by 2024 and growing at a CAGR of 4.5% from 2016 to 2024. Changing enterprise demand for high speed and better performance with a shift towards 40GE switching is expected to boost the sales of Ethernet switches.
• WLAN accounted for growing at a CAGR of over 8% from 2016 to 2024. This high growth can be attributed to continuous improvements in wireless technologies and standards that address the wireless applications.
• The Asia Pacific enterprise networking industry is expected to remain the largest market owing to the widespread implementation of hybrid IT environments among organizations. The regional industry is projected to account for over 40% by 2024, growing at a CAGR of over 7.0% from 2016 to 2024.
• Enterprise networking vendors are evolving new business models to meet the demand of customers by offering new solutions that reduce cost, improves operational efficiency and replace legacy network infrastructure
• Key players in the enterprise networking market include Cisco Systems, Hewlett-Packard, Alcatel-Lucent, Brocade Communications Systems and Juniper Networks. Competition for enterprise customers and service providers is particularly intense and increasingly focused on pricing. Growing adoption of SDN has lowered the barrier to entry in the networking space, creating new competitors for hardware vendors. Customer adoption of SDN is propelling proprietary hardware vendors to adopt new strategies to protect their revenue bases.

 For more information: http://www.grandviewresearch.com