Monday, May 22, 2017

Global Aircraft Interface Device Industry Production: 2017 Analysis & Its Market Insights

Increase need for situational awareness and increase in demand for real-time analytics are key factors expected to drive the growth of the market. The aircraft interface device market is projected to grow from USD 115.9 Million in 2016 to USD 230.8 Million by 2021, at a CAGR of 14.76% during the forecast period.

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Based on aircraft type, the aircraft interface device market has been segmented into narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, business jet aircraft, military rotary wing aircraft, and fighter aircraft. The narrow body aircraft segment is estimated to dominate the market in 2016.

According to Boeing’s Current Market Outlook 2016, the global fleet size of narrow body aircraft was 14,870, which is anticipated to reach 32,280 aircraft by 2035. Asia and North America have the largest fleet of narrow body aircraft, with 4,540 and 4,010 aircraft respectively. Increase in demand for narrow body aircraft globally is driving the market.

The aircraft interface market has been segmented and analyzed, based on fit, into retrofit and linefit. The retrofit segment is estimated to dominate the overall aircraft interface device market, owing to the increased need for fully connected aircraft to reduce operational costs and the modernization of various aircraft by airliners to install advanced systems.

The geographical analysis of the market includes regions, such as North America, Europe, Asia-Pacific, Middle East, and rest of the world. North America is estimated to lead the global aircraft interface device market in 2016, owing to the presence of major aircraft manufacturers, such as Boeing (U.S.), Bombardier (Canada), Lockheed Martin (U.S.), Bell Helicopter (U.S.), and Sikorsky Aircraft (U.S.) in the region. These manufacturers help generate demand for aircraft interface device. Airlines also playing significant role in generating demand for AID through retrofit.

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Wednesday, May 17, 2017

Filtration and Contamination Control Market : Size, Trends and Forecast 2017 - 2022

The filtration and contamination control market is estimated to reach USD 39.73 Billion by 2022, at a CAGR of 5.13% between 2017 and 2022.

The market is expected to grow substantially owing to the growing demand for cleaner fuels due to stringent environmental emission standards, strong demand for filtration across on-road and off-road applications; and requirement of higher power efficiency performance among mechanical equipment and factory processes.

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The market has been segmented on the basis of application into engine and industrial segments. The industrial segment further includes industrial machinery, oil & gas, aerospace, gas turbine, power generation, and others.

The industrial machinery subsegment further includes end users in pulp and paper; chemical and petrochemical refineries; and iron, steel, and other metal manufacturing industries. The engine application segment has been subsegmented into on road, agriculture, construction, and mining and marine. In the overall market, the industrial filtration segment is expected to grow at a higher rate because of the high rate of deployment and diffusion of filtration devices in applications across the industrial machinery segment.

The market for OEM (first fit) customer type is expected to grow at the highest rate during the forecast period. Growing number of new power generation facilities and exponential rise in demand from on-road vehicles are the key factors contributing to the growth of the OEM (first fit) customer type.

Liquid filtration holds the largest share of the filtration and contamination control market. Mobile engines; process industries (including pulp and paper); chemical and petrochemical refineries; and power generation are some of the industries strongly dependent on liquid filtration. Growth of these industries in emerging economies such as China, India, Brazil, and Saudi Arabia is expected to drive the liquid filtration market at the highest rate during the forecast period.

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In 2016, North America led the filtration and contamination control market, followed by Europe and APAC. The U.S. held the largest share of the North American market, followed by Canada and Mexico.

Some of the major companies in the filtration and contamination control market include MANN+HUMMEL Holding GmbH (Germany), Donaldson Company, Inc. (U.S.), Cummins Inc. (U.S.), Parker-Hannifin Corp. (U.S.), Pall Corporation (U.S.), Clarcor Inc. (U.S.), Filtration Group Corporation (U.S.), Eaton Corporation plc (Ireland), HYDAC International GmbH (Germany), and CECO Environmental Corp. (U.S.).

Monday, May 15, 2017

IOT Chip Market 2017: Increasing Growth Opportunities & Its Scope

The IoT chip market constitutes hardware such as processors, sensors, connectivity ICs, memory devices, and logic devices which are used in IoT-enabled devices. The major drivers for the growth of the IoT chip market are the increasing demand for application-specific MCUs and flexible SoC-type designs and increasing investments by major giants of this industry in the IoT market.

According to the global research, the IoT chip market is expected to grow at a CAGR of 13.2% during the forecast period, to reach USD 14.81 Billion by 2022.

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All the major end-use applications, automotive and transportation held the largest share of the IoT chip market in 2015. The growth of the automotive and transportation application was primarily driven by the development of intelligent transportation systems (ITS) and high potential for the growth of connected cars.

The IoT chip market for the retail end-use application is expected to grow at the highest CAGR from 2016 to 2022, followed by wearable devices. The rising demand from customers for easier and better shopping experience would drive the use of IoT in the retail application as it would help customers to reduce checkout times, facilitate easier payment procedures, and enable a comparative cost analysis.

On the basis of hardware, the IoT chip market has been segmented into processor, sensor, connectivity IC, memory device, and logic device. Connectivity ICs held a major share of the market in 2015. The significant recent development of IoT-enabled products is one of the key factors leading to the dominance of this segment.

North America held the largest market share of the global IoT chip market in 2015. The increased research and development in the field of Internet of Things and the changing lifestyle of the population are the major driving factors for the growth of the market in this region. The IoT chip market in APAC is expected to grow at the highest CAGR from 2016 to 2022 owing to the huge investments by the companies for the development of IoT.

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Wednesday, May 10, 2017

Demand for Non-Lethal Self-Defense Weapons is Exploding

Factors such as militarization of law enforcement agencies, polarization of civilians and driving maximum efficacy and minimum liability, among others are directly influencing the non-lethal weapons market.

The global non-lethal weapons market is projected to grow from USD 5.65 Billion in 2015 to USD 8.37 Billion by 2020, at a CAGR of 8.2% during the forecast period.

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The global non-lethal weapons market is a highly dynamic and high-potential market for several reasons. The volatile dynamics of this market can be attributed to the changing geo-political dynamics of the global economy as well as the increasing incidences armed conflicts, violence, and terrorism, among others.

For instance, the Middle East, North Africa, and South Asian regions have been identified to be high-potential markets for non-lethal weapons, owing to the exponential growth in demand from these regions in recent years.

The Asia-Pacific region is expected to exhibit the highest growth rate in the non-lethal weapons market, and is projected to grow at the highest CAGR during the forecast period from 2015 to 2020. The Asia-Pacific market is expected to grow at the highest CAGR because several Asia-Pacific countries such as India, China, Australia, South Korea, and others have focused on production of non-lethal weapons for military and law enforcement application, such as border control, riot control, and de-escalations use in one-on-one conflict, among others.

The growth of the non-lethal weapons market may, however, be affected by certain major restraints in the coming years. These factors include stringent environmental and governmental regulations, and declining defense budgets of advanced economies, among others.

The key players operating in the global non-lethal weapons market have been identified to be Taser International Manufacturing Company (U.S.), Combined Systems Inc. (U.S.), The Safariland Group (U.S.), and Amtec Less Lethal Systems Inc. (U.S.) and Condor Non-lethal technologies (Brazil), among others. Long-term contracts, and mergers and acquisitions are the major growth strategies adopted by the major players to strengthen their position in the non-lethal weapons market, while also enhancing their product offerings.

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Monday, May 8, 2017

"Position Sensor Market" Set For Strong Growth

The growth of this market is propelled by the increasing investment in manufacturing infrastructure, integration of position sensors in modern automobiles, and growing adoption of position sensors in the aerospace industry. The market is further driven by the growing trend in industrial automation and robotics application.

According to latest forecast news, the position sensor market is expected to reach USD 5.98 Billion by 2022, at a CAGR of 6.27% between 2017 and 2022.

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This report covers the position sensor market based on type, contact type, output, industry, application, and geography. In terms of application, robotics is expected to grow at the highest rate during the forecast period.

Position sensors play an essential part in robotic construction. They are used to obtain the position feedback of the moving arm as well as the wheel of a robot, thereby improving the efficiency and reducing errors during its operation. Moreover, with a significant rise in the adoption of robotics in various industries, the demand for these sensors has been growing further.

The position sensor market for the automotive application is expected to grow at the highest rate between 2017 and 2022. Position sensors play an essential role in many parts of a high-tech or branded automobile.

Position sensor finds its application in areas such as the body, powertrains as well as safety of the vehicle. Moreover, the growth of the automotive electronic control systems (ECS) due to the rising importance of safety and driver convenience feature is expected to significantly propel the demand for position sensors, thereby driving the growth of this market.

The position sensor market in Asia Pacific (APAC) is expected to hold the major share between 2017 and 2022. APAC is the major hub for most of the established markets such as consumer electronics and automotive.

The major challenge for the companies is deficient procedures to measure performance standards of position sensors in the studied market. The major manufacturing players in the position sensor market are ams AG (Germany), Honeywell International, Inc. (US), MTS Systems Corporation (US) Renishaw plc. (UK), TE Connectivity Ltd. (Switzerland), Vishay Intertechnology, Inc. (US), Allegro MicroSystems, LLC (US), Panasonic Corporation (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Qualcomm Technologies, Inc. (US), Bourns Inc. (US), and Dr. Johannes Heidenhain GmbH (Germany).

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Friday, May 5, 2017

Container Weighing Systems Market Latest Insights & Trends 2017

The market is expected to witness significant growth in the coming years owing to stringent regulations worldwide to reduce the maritime accidents by implementing SOLAS regulations.

The adoption of container weighing systems can help prevent the occurrence of accidents, particularly during transportation through ships. Overloaded ships cannot withstand harsh weather and rough seas or currents. The increasing automation across the ports and manufacturing areas facilitates the adoption of container handling equipment integrated with weight measurement systems

The container weighing system market is expected to be worth USD 3.95 Billion by 2022, at a CAGR of 4.6% between 2017 and 2022.

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North America held the largest share of the container weighing system market in 2016. Stringent regulations for the safety transportation and increasing automation across the various industry verticals are the driving factors for the growth of the container weighing system market in North America.

Weighbridges held the largest market size, in terms of offering, as they have more functional benefits. These benefits such as load cells in weighbridges enable the end user to measure the weights accurately over other offerings. Weighbridges are considered legal weight measurement equipment across the industry verticals and the use of weighbridges is the traditional method to measure the weights.

The market for the waste management and recycling segment is expected to grow at the highest CAGR between 2017 and 2022. This growth is mainly attributed to the increasing focus on the reduction of wastes and efficient ways to recycle waste. The market has ample growth opportunities for measuring the potential benefits of recycling waste by measuring its weights accurately using the container weighing system.

The ship medium of transportation accounts for more than 90% of the total trade across the world. In addition, trade using this medium would continue to expand in the future as it provides competitive freight costs over other transport mediums. In addition, the mandated SOLAS regulations are expected to drive the market in the future. The container weighing system is used to implement the SOLAS regulations by verifying the gross mass of the container within the tolerance limits.

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