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Lockheed Martins (US) and Raytheon Technologies (US) are leading players in Solid State Radar Market

Solid state radars replace the magnetron with electronic components to generate microwaves. These radars consume less power and have no consumable parts, which reduces the cost of operation. Solid state radars generate stable frequency signals, which eliminate background noise. The solid state radar market is projected to grow from USD  1.7 billion in 2021 to USD 2.0 billion by 2026.

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August 2, 2021

Market Leadership - 3D Sensor Market

The 3D sensor market size is estimated to be USD 2.7 billion in 2021 and is projected to reach USD 9.4 billion by 2026; it is expected to grow at a CAGR of 28.1% from 2021 to 2026. Although 3D sensors have been in existence for a long time, the market for 3D sensors is growing owing to factors such as the rising demand for 3D sensing-enabled consumer electronics, increasing demand for medical imaging solutions, growing penetration of image sensors in automobiles, and surging requirement of security & surveillance systems.

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August 2, 2021

DuPont Water Solutions (US) and Hydranautics (US) are the Key Players in the Reverse Osmosis (RO) Membrane Market

The global RO membrane market size is projected to reach USD 5.0 billion by 2026 from USD 3.1 billion in 2021, at a CAGR of 10.0% during the forecast period. The increasing demand for RO membrane in water & wastewater treatment is driving the market. In addition, increasing water scarcity and evolving government regulations mandating treatment of industrial and municipal wastewater are also driving the RO membrane market....... Read More
August 2, 2021

Increased Demand for Permanents Magnets from Automotive Industry is Expected to Drive the Market

Permanent magnets are the type of magnets that retain their magnetic strength even after the removal of the external magnetizing force. Permanent magnets are mainly categorized into neodymium iron boron magnets, ferrite magnets, samarium cobalt magnets, alnico magnets, and others (which include flexible magnets, injection-molded magnets, and compression-molded magnets). The end-use industries of permanent magnets are broadly categorized into consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense, and others (military, household, water turbine, and thin-film coating equipment). The global Permanent magnet market is expected to grow from USD 34.4 billion in 2021 to USD 54.1 billion by 2026, at a CAGR of 9.5% during the forecast period.

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July 30, 2021

Market Leader - Hearing Aids Market

The global hearing aids market is projected to reach USD 10.2 billion by 2026 from USD 7.5 billion in 2021, at a CAGR of 6.4% during the forecast period. Growth in this market is mainly driven by factors such as the growing prevalence of hearing loss, technological advancements in hearing aids, and the increasing adoption of smart hearing aids due to the rising incidence of noise-induced hearing loss. However, the high cost of hearing aids and the requirement of high capital investments are the major factors hampering the growth of this market....... Read More
July 30, 2021

Coordinate Measuring Machine Companies - Hexagon (Sweden) and Nikon Corporation (Japan) are the Key Players

The global coordinate measuring machine (CMM) market size is expected to reach USD 4.3 billion by 2026 from USD 2.8 billion in 2021, growing at a CAGR of 8.8%. The key factors driving the growth of the market include the growing use of 3D data in modeling and analytical applications, increasing R&D spending on developing metrology products, and thriving automotive sector.

Major Coordinate Measuring Machine companies include: 

  • Zeiss Group (Germany),
  • FARO Technologies (US),
  • Hexagon (Sweden),
  • Nikon Corporation (Japan),
  • Mitutoyo (Japan),
  • Tokyo Seimitsu (Japan),
  • Keyence Corporation (Japan),
  • Creaform (Canada),
  • Perceptron (US), and
  • Wenzel  Group (Germany)  are among a few major players in the CMM market.
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July 30, 2021

ATI Specialty Alloys & Components (US) and SAES Getters S.P.A. (Italy) are the Leading Players in the Shape Memory Alloys Market

The global Shape Memory Alloys market size is estimated to be USD 11.0 billion in 2021 and is projected to reach USD 18.8 billion by 2026, at a CAGR of 11.2% between 2021 and 2026. The growth in the market is highly attributed to the increasing demand for SMAs in the manufacturing of biomedical devices & surgical instruments, aircraft components and automotive actuators, and consumer electronics. North America is the largest market for SMAs, owing to huge demand from biomedical device manufacturing. The growth in the market is also attributed to the increasing demand for high-quality life-saving medical devices and better automotive & aircraft components. The physical properties of SMAs are encouraging their use in various end-use industries....... Read More
July 29, 2021

Market Leader - Medical Sensors Market

The medical sensors market is estimated to be worth USD 1.8 billion in 2021 and projected to reach USD 3.0 billion by 2026, at a CAGR of 10.3%. Growing elderly population and increasing life expectancy, increasing adoption of sensors in portable and connected medical devices, rising demand for wearable medical devices, surging adoption of IoT-based medical devices, burgeoning expenditure on healthcare and accelerating demand for ventilators due to COVID–19 are some of the important factors for the growth of the medical sensors market globally.

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July 29, 2021

Smart Lighting Companies - Signify (Philips Lighting) (Netherlands) and Acuity Brands, Inc. (US) are the Key Players

The smart lighting market is expected to reach USD 27.7 billion by 2026 from USD 10.9 billion in 2021; it is expected to grow at a CAGR of 20.5% from 2021 to 2026. APAC has the highest growth rate and is projected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and Australia. China is projected to lead the smart lighting market in APAC owing to the availability of cost-effective land for setting up manufacturing plants as well as for new constructions of commercial spaces, presence of multiple lighting manufacturers, and continuing growth in commercial and industrial buildings as well as smart offices. The booming commercial and industrial sectors would further fuel the adoption of smart lightings in APAC. Factors such as the high initial cost of deployment, and security and reliability issues of smart with IoT-based lighting systems are restraining the growth of the smart lighting market. Growing smart office and smart retail trends, geographical opportunities in APAC and RoW regions, development of human-centric lighting solutions, growing demand for PoE-based lighting solutions in commercial and healthcare applications, the rapid transition from traditional lighting to connected lighting, and the growing inclination toward energy-efficient lighting solutions are the major opportunities for the smart lighting market. The smart lighting market witnessed a considerable decline in 2020 as a result of COVID-19, but the market has a huge potential as the region has major manufacturing and assembling plants, which could be an opportunity for players in the smart lighting market after it recovers from the COVID-19 crisis by 2023. The smart lighting market is projected to reach a value of USD 10,476 million by 2026 due to the demand for increasing contactless payments, government schemes for national ID cards, and rising e-commerce shopping.

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July 29, 2021

Electronic Flight Bag Companies - Raytheon Technologies Corporation (US), Honeywell International Inc. (US) are the Key Players

The Electronic Flight Bag (EFB) Market is estimated to grow from USD 2.4 Billion in 2021 to USD 3.3 Billion by 2026, at a CAGR of 6.2% from 2021 to 2026. Some of the major factors driving this market include reduction in aircraft weight through EFB incorporation, increase in aircraft deliveries, real-time data sharing through EFBs, and the use of EFBs for helicopters and eVTOL vehicles.

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July 29, 2021

Trinseo (US) and BASF (Germany) are Leading Players in the Latex Binders Market

The global latex binders market size is projected to reach USD 9.0 billion by 2026 at a CAGR of 6.5% from USD 6.6 billion in 2021. The increasing demand from technical textiles, increase in demand for protective coatings for roofs and floors in industrial and commercial facilities, increasing demand from emerging economies, and rising per capita consumption of paints is driving the market for latex binders.

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July 29, 2021

Market Leaders - Industrial Counterweights Market

The industrial counterweights market is expected to grow from an estimated USD 6.7 billion in 2021 to USD 8.5 billion by 2026, at a CAGR of 4.5% during the forecast period.  Cast iron, followed by carbon steel, is widely used in manufacturing of industrial counterweights.

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July 28, 2021

Henkel AG (Germany), H.B. Fuller (US) are Leading Players in the Americas Structural Adhesives Market

The Americas Structural Adhesives market is projected to grow from USD 3.0 billion in 2021 to USD 3.8 billion by 2026, at a CAGR of 5.1% between 2021 and 2026. The growth of the structural adhesives market is primarily driven by the increasing use of modified epoxies and polyurethane adhesives, along with increasing penetration of methyl methacrylate adhesives in wind energy, marine, building & construction, and automotive applications.

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July 28, 2021

Market Leadership - Marketing Resource Management Market

The Marketing Resource Management (MRM) Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.9 % during the forecast period, to reach USD 5.5 billion by 2026 from USD 3.2 billion in 2021. Increased digitalization during COVID 19, rising demand of SaaS based solutions among small enterprises to enhance marketing operations, increased focus on investing in the latest technologies to improve marketing practices are expected to spur the demand for MRM offerings across the globe.

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July 28, 2021

Dow Inc. (US) and LyondellBasell Industries Holdings B.V. (Netherlands) are the Leading Players Propylene Oxide Market

The propylene oxide market is projected to grow from USD 22.5 billion in 2021 to USD 29.5 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. The propylene oxide market is majorly driven by the rising demand for polyurethanes in various end–use industries, such as automotive, building & construction, textile & furnishing, chemical & pharmaceutical, packaging, and electronics....... Read More
July 28, 2021

Aerospace Valves Companies - Eaton Corporation PLC (Ireland), Safran (France) are the Key Players

The global Aerospace Valves Market size is projected to grow from USD 11.4 billion in 2021 to USD 14.0 billion by 2026, at a CAGR of 4.1% from 2021 to 2026. The market is driven by various factors, such as increase in global aircraft fleet size, short replacement cycle of aerospace valves and growing demand for Unmanned Aerial Vehicles.

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July 27, 2021

Medical Alert Systems Companies - Philips (Netherlands) and Connected America (US) are the Key Players

The medical alert systems market is expected to grow from USD 6.8 billion in 2021 to USD 11.1 billion by 2026; it is expected to grow at a CAGR of 10.3% during the forecast period. Home based users and assisted living facilities are the key applications, which dominate the medical alert systems market and also contribute significantly to its growth.

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July 27, 2021

Market Leadership - Silicone Fluids Market

The global silicone fluids market size is projected to grow from USD 5.1 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. Silicone fluids are a family of synthetic liquids in which the groups identified as methyl groups may represent any organic groups. All the organic groups can be the same or different. They are linear Polydimethylsiloxanes (PDMS) obtained through the condensation of dimethyldichlorosilane. They are thermally stable, chemically inert, and retain their viscosity over a wide range of low and high temperatures. It is of two types: straight and modified. Silicone fluids is widely used and preferred in end-use industries such as personal care & beauty, textiles, automotive & transportation, industrial, building & construction, amongst others.

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July 26, 2021

Market Leader - Automotive Adhesive Tapes Market

The global automotive adhesive tapes market size was USD 8.5 billion in 2020 and is projected to reach USD 12.1 billion by 2026, at a CAGR of 5.9% between 2021 and 2026, owing to an increase in demand of automotive adhesive tapes in lightweight hybrid vehicles. Poly-vinyl chloride is projected to record the fastest growth during the forecast period, at a CAGR of 7.1% from 2021 to 2026. Poly-vinyl chloride, as a backing material for adhesive tapes, caters to some of the largest applications in automotive industry, such as wire harnessing, UV resistance, electrical insulation, device shielding, and others.

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July 26, 2021

TomTom (the Netherlands) and HERE Technologies (the Netherlands) are the Key Players in the HD Map for Autonomous Vehicles Market

The HD maps for autonomous vehicles market, by value, is estimated to be USD 1.4 billion in 2021 and is projected to reach USD 16.9 billion by 2030, at a CAGR of 31.7% from 2021 to 2030. The key factors that drive this market include the increasing investment by OEMs and tier-1 suppliers into HD mapping companies and collaboration between various HD mapping companies to offer a standardized HD map product across all regions. The HD map market is dominated by global players such as TomTom (the Netherlands), HERE Technologies (the Netherlands), NVIDIA (US), Waymo (US), and NavInfo (China). A large number of startup companies such as Fixposition (Switzerland), Point One Navigation (US), Geo Digital (Canada), and CivilMaps (US) also has increased the competition in this market space....... Read More
July 23, 2021

Market Leaders - Exhaust System Market

The exhaust system (OE) market, by vehicle type is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to stringent emission and fuel economy regulations and growing penetration of aftertreatment devices in combinations are boosting the growth of the exhaust system market.

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July 23, 2021

Aircraft Exhaust System Companies - Magellan Aerospace (Canada) and GKN (UK) are the Key Players

The Aircraft Exhaust System Market was valued at USD 661.3 million in 2017 and projected to reach USD 987.4 million by 2023, at a CAGR of 7.78 % during the forecast period. The objective of this study is to analyze the aircraft exhaust system market. It also aims to define, describe, and forecast the aircraft exhaust system market segmented on the basis of aviation type, system, component, end user, and region. 2017 has been c.

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July 23, 2021

Market Leader - Specialty Tapes Market

The global specialty tapes market size was USD 45.9 billion in 2020 and is projected to reach USD 67.2 billion by 2026, at a CAGR of 6.4% between 2020 and 2026. The driving factor for the specialty tapes market is the growing use of specialty tapes in diverse end-use industries....... Read More
July 22, 2021

Market Leader - Refrigeration Oil Market

The refrigeration oil market size is projected to reach USD 1.4 billion by 2026 from USD 1.1 billion in 2021, at a CAGR of 4.1%. Growing demand for frozen food and in the pharmaceutical industry is expected to support the growth of the refrigeration oil market. However, huge investment in R&D and strict rules to limit the use of fluorocarbon refrigerants is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.

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July 22, 2021

Hand Tools & Woodworking Tools Companies - Stanley Black & Decker, Inc. and Apex Tool Group are the Key Players

The hand tools and woodworking tools market size is expected to grow from USD 8.4 billion in 2021 to USD 10.3 billion by 2026, at a CAGR of 4.0%. The growth of the market is attributed to the increasing commercial as well as residential construction and infrastructure projects, adoption of hand tools in households for residential/DIY purposes as well as growing manufacturing setups and increasing repair and maintenance operations across the world.

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July 22, 2021

Berry Global Inc. (US) and Mondi (UK) are the Key Players in the Flexible Plastic Pouches Market

The global flexible plastic pouches market size is estimated at USD 53.7 billion in 2021 and is projected to reach USD 73.5 billion by 2026, at a CAGR of 6.5%, between 2021 and 2026. Flexible plastic pouches are single-use bags commonly made of plastic, metal foil, and paper. They are used for packaging everything from snack foods to industrial liquids and are commonly found on supermarket shelves across the globe. These are extensively used in food packaging because many of them are resealable, environmentally friendly, and cheaper than alternatives like glass, metal, and cardboard containers. These plays a vital role in keeping the product fresh, damage proof, and acts as an excellent marketing tool. Their widespread adoption is attributed to a lower carbon footprint than the alternative packaging materials mentioned above and take up less space in landfills....... Read More
July 21, 2021

Drone Taxi Companies - Airbus (Netherlands), Boeing (US) are the Key Players

A Drone Taxi can be used to carry passengers for intracity or intracity transportation. They will be equipped with cutting-edge technology that is silent, safe, and environmentally friendly. Drone taxis are designed to fly remotely piloted or autonomously, avoid obstacles, and take-off, fly, and land precisely every time. Drone taxi propulsion can be fully electric or hybrid electric. Some of the advantages of drone taxis include reduction in traffic congestion, sustainability, increased transportation efficiency, and noise reduction. The global drone taxi market is forecasted to grow from USD 74 million in 2025 to reach USD 860 million by 2030, at a CAGR of 63.0% during the forecast period. The growth of the Drone Taxi market is majorly attributed to the rapid increase in urban demographics and increasing demand of eVTOLs for intracity transportation in various countries.

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July 19, 2021

BASF (Germany) and Lanxess (Germany) are Leading Players in the Industrial PU Elastomer Market

The global industrial PU elastomers market size is projected to reach USD 10.5 billion by 2026 from USD 7.7 billion in 2021, at a CAGR of 6.3% during the forecast period. Industrial PU elastomers market has witnessed decent growth in the past few years. This growth can be primarily attributed to the increasing demand for highly efficient and lightweight materials in the transportation industry and stringent emission regulations by the government of various countries. Moreover, automotive manufacturers around the world prefer elastomers over conventional metals as they increase automobile efficiency by reducing fuel consumption, carbon emissions, and engine size. Similarly, increasing demand for highly efficient, lightweight, and comfortable materials across different end-use industries is also driving the consumption for industrial PU elastomers. On the other hand, instability of raw material prices challenges the growth of industrial PU elastomers market. Furthermore, hazardous impact on human health and environment and stringent emission levels also hampers the industrial PU elastomers market growth.

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July 16, 2021

Increasing Demand For Hppas for Variety of Applications from High Growth End-Use Industries to Give Boost to the Hppas Demand During the Forecast Period

The global HPPAs market size was USD 2.8 billion in 2021 and is expected to reach USD 4.0 billion by 2026, projecting a CAGR of 7.4% between 2021 and 2026. HPPAs are increasingly used in the automotive, electrical & electronics, industrial, medical, and other end-use industries. The increasing demand of recyclable materials drives the demand for HPPAs. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for HPPAs. Due to the lockdown scenario in Europe and North America, the demand for HPPAs from automotive, electrical & electronics, industrial, medical, and other industries have declined in the first half of 2020....... Read More
July 16, 2021

Market Leader - Fuel Additives Market

The fuel additives market size is estimated to be USD 6.0 billion in 2021 and is expected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% during the forecast period. Factors such as stringent government regulations and an increase in automotive production in emerging economies will drive the fuel additives market. The major restraint for the market will be rise in demands for alternative fuels and growth in demand of hybrid vehicles. However, increasing demand for ultra-low fuel diesel will act as an opportunity for the market.

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July 15, 2021

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