Smart Camera Market Anticipated to be worth US$ 9,829.1 Mn by 2020

According to Future Market Insights’ new market research report, “Smart Camera Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020”, the global smart camera market is anticipated to witness a stellar compound annual growth rate (CAGR) of 23.84% through 2020, and reach a valuation of US$ 9,829.1 Mn; the global smart camera market was valued at US$ 2,469 Mn in 2014. In terms of volume, the smart camera market is anticipated to expand at a CAGR of 23.84% through 2020 and reach 85.47 Mn units by 2020.
Advancement in home- and industrial- automation has augured well for the prospects of the smart camera market. Smart cameras are used for surveillance and monitoring purposes in home automation, whereas in industrial automation, these are used for a host of applications, depending upon the specific industry. It is anticipated that increased demand from these sectors will fuel the smart camera market during the forecast period, 2015-2020.
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The global smart camera market is also propelled by technological advancements in smart camera technology. Innovation in CMOS image sensors, embedded system designs, smart lenses, and chip manufacturing has expanded the scope of smart camera applications.
FMI’s analysis found that the projected growth in the electronics and semiconductor industry will create new opportunities for smart camera market. Price reduction in PC-based smart camera and government focus on strengthening the surveillance and security system is also anticipated to provide an impetus to the smart camera market during the forecast period.
Lack of standardisation is a key challenge for the widespread adoption of smart cameras. Regulations regarding limited use of smart cameras for surveillance at public places is another factor that can restrain the growth of the market. Furthermore, the use of smart cameras in developing countries is limited to surveillance, security, and transportation sectors, and this can create challenges for market expansion during the forecast period.
Smart camera incorporates a host of components, including image sensor, memory, processor, communication interface, lens, and display. Among these, lens and processors accounted for 48% of the smart camera market share in 2014, and this is anticipated to amplify to 50% by 2020. FMI estimates that these two segments will expand at CAGRs of over 20% during the forecast period.
Evolution of user-friendly technologies is anticipated to boost the demand for smart cameras among consumers. The consumer segment was worth US$ 649 Mn in 2014 and FMI estimates that it will witness a CAGR of over 18% through 2020. Increased demand for smart cameras from transportation and automotive industry is anticipated to provide growth opportunities, with this segment anticipated to witness a CAGR of 24.5% through 2020. Other key application segments of smart cameras, including healthcare & pharmaceutical, food & beverages, military & defence, commercial area, and ‘others’ are also anticipated to witness a healthy growth rate through 2020.
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Asia Pacific is the most lucrative market for global smart camera market. Product innovation by manufacturers in China, India, Taiwan, Korea, and Singapore is fuelling the growth of smart camera market in the region. FMI estimates that the Asia Pacific smart camera market will witness a CAGR of 21.7% during the forecast period. Other key regions for smart camera market include North America, Western Europe, and Japan. Smart camera market in Latin America is at a nascent stage, however, FMI estimates that it will witness the fastest CAGR of 31.7%.

Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market. Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation and Panasonic Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, and XIMEA GmbHare focusing on developing innovative products to consolidate their position in the market.

Quad-Flat-No-Lead Packaging Market is expected to register a CAGR of 13.1% from 2017 to 2027

Future Market Insights presents a comprehensive analysis and valuable insights on the adoption of quad-flat-no-lead packaging in various applications and sectors across the globe. The report titled “Quad-Flat-No-Lead Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers a wide angle of the global market with the help of a detailed market segmentation. The research report also discusses various opportunities for quad-flat-no-lead packaging, various trends influencing the global market, key drivers fuelling the growth of the global market as well as restraints that have a negative impact on revenue growth of the global quad-flat-no-lead packaging market. The research report presents historic data as well as future market projections for a period of 10 years.
Global Quad-Flat-No-Lead Packaging Market: Factors Influencing Growth
Factors such as rising demand for wireless applications, growing adoption of portable devices, small form factor, enhanced thermal performance, rising applications in the automobile sector, high electrical performance and increased reliability are boosting adoption and consequently the growth in revenue of the global quad-flat-no-lead packaging market. However, aspects such as changing price of raw materials, more space needed by QFN packaging, wirebond challenge, high competition with WLCSP and BGA, high cost and problems associated with assembling the QFN package are hindering the growth of the global market.
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Global Quad-Flat-No-Lead Packaging Market: Segmental Snapshot
The global quad-flat-no-lead packaging market is segmented on the basis of type, QFN variants, application and by region.
By type, the plastic moulded QFNs segment is expected to reflect high market attractiveness and is the largest segment. The plastic moulded QFNs segment is estimated to reach a value higher than US$ 180 Bn by the end of the year of forecast thus dominating the global market. Air-cavity QFNs segment is projected to grow at a higher pace in the coming years.
By QFN variant, the quad-flat-no-lead segment is anticipated to reach a noteworthy valuation by the end of the assessment period. The ultrathin quad-flat-no-lead segment is projected to grow at the fastest rate to register a CAGR of 14.4% throughout the period of assessment.
By application, the radio frequency devices segment is estimated to be valued at around US$ 26 Bn in 2017 and is likely to lead the global market. The wearable devices segment is projected to register the fastest growth rate of 0% owing to increased use of quad-flat-no-lead packaging in wearable devices.
By region, Asia Pacific excluding Japan reflects high growth potential. The quad-flat-no-lead packaging market in Asia Pacific excluding Japan is projected to grow at the highest rate and is estimated to be the largest among all other regional markets, thus dominating the global market.
Global Quad-Flat-No-Lead Packaging Market: Forecast Highlights
The global quad-flat-no-lead packaging market is anticipated to reach a value higher than US$ 235 Bn by the end of the year of assessment from a valuation of more than US$ 68 Bn in 2017. The global market for quad-flat-no-lead packaging is projected to grow at a stellar CAGR of 13.1% throughout the period of forecast.
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Global Quad-Flat-No-Lead Packaging Market: Competitive Assessment

The research report on the global market for quad-flat-no-lead packaging includes analysis on key players and presents vendor insights in a dedicated chapter. Intelligence on key players such as NXP Semiconductor, Fujitsu Ltd., Toshiba Corporation, Texas Instruments, Microchip Technology Inc., STATS ChipPAC Pte. Ltd., ASE Group, Amkor Technology, UTAC Group, Linear Technology Corporation, Henkel AG & Co., and Broadcom Limited has been included in this chapter.

Mass Notification Systems Market is expected to register a CAGR of 10.9% from 2017 to 2027

Future Market Insights has published a research study on mass notification system market with revised forecast analysis on each segment of the global market. According to a recent market report titled, “Mass Notification Systems Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2027,” the global market was valued at US$ 4228.5 Mn in 2017, and is expected to register a CAGR of 10.9% from 2017 to 2027.
Global Mass Notification Systems Market: Forecast Highlights
According to the report on global mass notification systems market published by FMI, revenue generated by global mass notification systems market witnessed an increase and is estimated to reach value more than US$ 11 Bn by 2027 end, from US$ 4228.5 Mn in 2017.
Global Mass Notification Systems Market: Segmentation Analysis
Global mass notification systems market is categorized on the basis of solution, application, verticals, product and region. On the basis of solution, the market is segmented as in-building solution, wide-area solution and distributed recipient solutions. The revenue contribution from the wide-area solution segment is anticipated to expand at a CAGR of 11.6% during the forecast period.  The in-building solution segment is expected to lead the global market with a high valuation during the period of assessment.
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On the basis of application, the global market is segmented into interoperable emergency communication, integrated public alert and warning, business continuity (BC) & disaster recovery (DR) and business operation. The revenue contribution from the business operation segment is anticipated to expand at a CAGR of 11.6% during the forecast period.
On the basis of verticals, the global market is segmented into commercial, education, energy & power, healthcare, defense, automotive, transportation & logistics and government institutions. The revenue contribution from the government institutions segment is anticipated to expand at a CAGR of 11.9% during the forecast period. The education segment is anticipated to reach a higher estimation of more than US$ 2800 by the end of the year of assessment and is likely to lead the global market.
On the basis of product, the global market is segmented into hardware, software and services. The hardware segment is further segmented as led display & system, microphones, speakers, siren & strobe lights and others. Also the services segment is further segmented as installation & integration, maintenance and consulting services. The revenue contribution from the software segment is anticipated to expand at a CAGR of 11.4% during the forecast period.
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This report also covers trends driving each segment and offers analysis and insights regarding the potential of mass notification systems market in regions including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 13.2% over the forecast period. Revenue from the Mass notification systems market in North America account for over 57.5% of the global Mass notification systems market revenue in 2017. Mass notification systems providers can focus on expanding across several countries in APAC and North America regions such as India, China and U.S.
Global Mass Notification Systems Market: Competitive Analysis

Key competitors in Mass notification systems market are Everbridge, Inc., Metis Secure Solutions, LLC, Mir3, Inc., Omnilert, LLC, xMatters, Inc., AtHoc, Inc.–(BlackBerry Limited), Eaton Corporation Plc., Honeywell International, Inc., International Business Machine Corporation (IBM) and Siemens AG.

Version Control Systems Market Expected to Behold a CAGR of 11.5% through 2017-2027

A new report published by Future Market Insights titled “Version Control Systems Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)” tracks the details of the global market for a projected period of 10 years, i.e. between 2017 and 2027. According to this report, global sales of version control systems is estimated to be valued at US$ 326.1 Mn in 2017 and is estimated to reach US$ 971.8 Mn by 2027. Sales revenue is expected to expand at a CAGR of 11.5% during the forecast period 2017–2027. North America was the dominant market in 2016 in terms of revenue sales of version control systems. In the coming years, countries in North America such as the U.S. are expected to be key markets for sustainable revenue generation from version control systems.
Global Version Control Systems Market: Recommendations
Every enterprise whether large, medium or small sized, should adopt version control systems as it effectively maintains the dynamics of a team by eliminating maximum complexities associated with software programming. Additionally, it keeps a backup of every change and notifies by offering information about changes such as when was the change made, who made the change, etc.
For an enhanced performance, an integration of centralised and decentralised version control systems should be introduced. The resulting version control system would effectively eliminate the cons of both types and offer an enhanced end-user experience.
Asia Pacific is a strong regional platform for version control system vendors owing to the rapid growth of small and medium sized enterprises across the region.
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Global Version Control Systems Market: Forecast by Type
On the basis of type, the global version control systems market is segmented into distributed version control system, centralised version control system, and local version control system. The centralised version control systems segment dominated the global version control systems market with 66.6% share in terms of revenue in 2016. In terms of value, the centralised version control systems segment is projected to be the most attractive in the global version control systems market during the forecast period. However, the market for distributed version control systems is expected to register high Y-o-Y growth rates throughout the forecast period. The distributed version control systems segment is expected to gain significant traction over the forecast period and is expected to expand at a CAGR of 14.5% during the forecast period.
Global Version Control Systems Market: Forecast by Operating Environment
The operating environment segment of the global version control systems market comprises Linux, Windows and Others. The Windows segment is anticipated to exhibit high market attractiveness index over the forecast period. However, in terms of being the fastest growing operating environment segment, Linux and Others have represented 12.6% and 13.8% CAGRs respectively, which are more than the CAGR of the Windows segment.
Global Version Control Systems Market: Forecast by Enterprise Type
Enterprise type segment consists of large enterprises and small & medium enterprises. The small and medium enterprises segment is anticipated to expand at a CAGR of 12.5% during the forecast period. The large enterprises segment was dominant in terms of value, accounting for 61.1% share in 2016.
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Global Version Control Systems Market: Forecast by Region
The seven key geographies of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA have been covered in this report. The APEJ version control systems market is expected to witness a relatively high growth rate over the forecast period while the market in Europe is anticipated to witness a moderate growth rate. The North America market is estimated to be valued at US$ 101.8 Mn in 2017 and is expected to witness high growth in terms of revenue throughout the forecast period to reach a valuation of US$ 271.9 Mn in 2027.
Global Version Control Systems Market: Key Players

The key players operating in the global version control systems market are Microsoft Corporation, The Apache Software Foundation, Perforce, Git, Mercurial and Canonical Ltd.

Industrial Furnaces Market Plying for Significant Growth During 2017 - 2027

Industrial Furnaces Market: Introduction
Industrial furnaces are the thermal enclosures in which raw materials, both solid state and liquid state, are processed at high temperatures. They attain higher processing temperatures as compared with open-air systems. The industrial furnaces can be designed according to their functions, temperature variance, fuel type and method of combustion. The basic construction of Industrial furnaces consist of radiant section, convection section, radiant coil, burner, flue gas stack and insulation. These furnaces have a basic working principle. The materials in fluid form are heated up to optimum temperature levels in the radiant section where the fuel is burnt using the burner. There may be more than one burner in the arrangement as per the requirement. Next, the fluid in the radiant tubes pass through convection section where the heat exchange takes place and the flue gases are condensed before they are released into the atmosphere through stack or chimney.

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Industrial furnaces are available in market in various formats. These are used in numerous industries like glass, ceramic, metal, food processing and many more. The industrial furnaces have everlasting demand as the industries won’t shut down anyway. Metals, glass, cement, refractories, ceramic, plastic and fiber all these industries are booming with the ever growing demand for each and every industry thus mentioned. This shows how much the market needs industrial furnaces each year. The processing of materials however, can be improvised by resolving energy losses and improving the efficiencies by doing some R & D in the field of thermodynamics. The market is demanding for more efficient industrial furnaces.
Industrial Furnaces Market: Market Dynamics
Usage of industrial furnaces is mandate in major industrial sectors for processing various materials, oils, gases and food products. Although there are different versions of them but there is no alternative presented in the market to replace industrial furnaces. Although the life of an industrial furnace is long, there are newer industries being set up every year all over the world. Some are the new entrants while most of the industries being set up are by the old player with an idea to expand their market presence. This sense of competition has brought in better scopes for the industrial furnace industry and can be considered as a new trend in the market. The key driver for this market is the perennial demand for steel and Iron along with other important metals and materials.

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With the growing demand for metals across several industries including but not limiting to automobiles, rail roads and metallurgy, more vehicles, ornaments, bridges, buildings and various other things are being manufactured and constructed. This calls for more and more industries to be set up to quench the rising demand which further ensures that there’s a lot of demand for industrial furnaces from businesses all over the world. With the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the concept of industrial furnace has changed the whole scenario by opting for better efficiencies and automation.

This boom can be an opportunity for those manufactures who would be the early adopters of this technology. In the hindsight, the restraint for the market lies in the fact that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a low product replacement rate. Secondly, most of the countries in the world are well equipped with sufficient industries and fewer no. of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market.

Commercial Aircraft Market Poised to Reach US$ 330 Billion by 2022

The commercial aircraft market is driven by a number of factors such as skyrocketing passenger traffic, aviation network infrastructural improvements, development of quieter and fuel-efficient aircraft, and government initiatives taken by several national governments encouraging the domestic commercial aircraft market. Some of these include liberalized taxation regions, R&D investments, and measures that aid the indigenous manufacturing of commercial aircraft. The commercial aircraft market is projected to witness a modest CAGR of 4.1% for the period from 2017 to 2022.

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• Narrow body aircraft are the most popular in the commercial aircraft market and had the largest revenue share in the year 2017. Narrow body aircraft are poised to be the biggest beneficiary in the shift away from wide-body aircraft that carry more passengers at the cost of fuel efficiency. The narrow body aircraft segment is expected to be worth just under US$ 170 billion in end 2022, making it well-worth the while of all major stakeholders in the commercial aircraft market
• Wide-body aircrafts have lost a large part of their appeal in the commercial aircraft market and are anticipated to lose further BPS over the course of the forecast period. However, the APEJ region could be the bright spot in the wide-body aircraft market as the region is predicted to record a CAGR of just under 5%. APEJ, riding on the shoulders of exploding air passenger traffic in China and India should require a large number of wide-body aircrafts throughout the duration of the five-year study and companies must be in a position to cater to this demand
• Regional jets occupy the third slot in the commercial aircraft market and have a revenue share of approx. a sixth by product type. Key stakeholders in the commercial aircraft market are recommended to focus their attention on the North America and Europe regional jets market as both are estimated to push past a value of US$ 14 billion by the end of 2022. A higher CAGR is likely to be in Europe over North America during this time
• The turboprop aircraft segment is a comparative niche in the commercial aircraft market and it accounts for minimal revenue share. Nonetheless, an absolute dollar opportunity of over US$ 7 billion is waiting to be tapped in the turboprop segment of the commercial aircraft market from 2017 to 2022. North America holds the greatest chunk of the turboprop aircraft segment with a contribution of almost a third of the commercial aircraft market
• It can be safely assumed that the future of the commercial aircraft market lies in the APEJ region as the fundamentals of this region are quite strong. Booming economic growth, a rising middle class in China and India demanding greater air connectivity and travel options for business and leisure, coupled with government initiatives encouraging domestic manufacturing should ensure that this region remains paramount in commercial aircraft market

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• Profiled companies in the report are Avions de transport regional, Pilatus Aircraft Ltd., Piaggio Aero Industries SpA, General Dynamics Corporation, Dassault Aviation SA, Textron, Bombardier, Embraer SA, Airbus SE, and The Boeing Co.

Ammonia Market Projected to Reach a value at US$ 73.84 Bn by 2025

Persistence Market Research has come up with a new publication titled “Ammonia Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),” with forecasts for the global ammonia market for a period of eight years, i.e. between 2017 and 2025. The global ammonia market is likely to witness a steady growth and is estimated to account for US$ 57.06 Bn by the end of 2017, expanding at a CAGR of 3.3% during the projected period. At the end of the assessed period, i.e. by the end of 2025, global ammonia market is expected to be valued at US$ 73.84 Bn. Growth in the market is expected to be driven by increasing consumption of fertilizers in the current scenario. To seek opportunities in untapped markets of Asia Pacific and Latin America is the key strategy of global players in the ammonia market.

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Global Ammonia Market: Drivers

• Robust growth of mining operation in the region
• Growing demand from fertilizers
• Rising demand from the agrochemical industry
• Growing agriculture and mining sector
• Fertilizer Industry is the major consumer market, particularly in MEA
• Government subsidy on certain fertilizers, mainly in India

Global Ammonia Market: Forecast by Product

On the basis of product type, the global ammonia market is segmented into anhydrous ammonia and aqueous ammonia. The anhydrous ammonia segment’s revenue share is expected to be on the higher side due to high demand for the product, due to two reasons – the first being its availability in the gaseous form and the second being its low cost as compared to aqueous ammonia. On the other hand attributing to niche applications and limited scope of consumption of aqueous ammonia as compared to anhydrous ammonia, the segment is considered to have a lower market attractiveness index with respect to its counterpart.

Global Ammonia Market: Forecast by Application

On the basis of application, the global ammonia market is segmented into MAP (Mono-ammonium Phosphate), DAP (Di-ammonium Phosphate), urea, nitric acid, ammonium sulphate, ammonium nitrate and Others. Urea segment, by application segment, is anticipated to witness maximum value CAGR of 3.6% in the global ammonia market and this segment is expected to consistently lead in terms of value over the forecast period. This can be attributed to the higher use of fertilizers in many regions, in order to enhance the quality and quantity of production of crop. However, among the various varieties of fertilizers, urea consumption is maximum, followed by other agrochemicals, such as MAP, DAP, and ammonium nitrate, among others.

Global Ammonia Market: Forecast by End Use

On the basis of application, the global ammonia market is segmented into industrial chemicals, agro chemicals, explosives, others. Agrochemicals segment is expected to continue its market dominance over the forecast period. The agrochemicals segment followed by the explosives and industrial chemicals segments is expected to be on higher side of market share because of the maximum demand for fertilizers, as the agricultural sector is growing in many regions, and also due to the increasing mining activities in various regions. Agrochemical segment is expected to account for a 51.4% share in the total global ammonia market by 2025.

Global Ammonia Market: Forecast by Region

The global ammonia market has covered five regions namely, North America, Latin America, Europe, APAC and MEA. APAC is a significant market for ammonia in terms of market value, accounting for 52.4% revenue share in 2025. APAC region is estimated to hold comparatively high market in terms of market value and was valued at US$ 28.28 Bn in 2016. This growth can be attributed to the high consumption of ammonia for various applications, especially for agrochemicals and explosives. The region is expected to remain the dominant market over the forecast period. The market is expected to expand at a CAGR of 3.6% over the forecast period. APAC will be followed by Europe and North America.

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Global Ammonia Market: Competitive Landscape

Some of the key players in the global ammonia market are included in this report. They are- Yara International ASA, CF Industries Holdings, Inc., Potash Corp, Orica Limited, Incitec Pivot Ltd., Mitsubishi Gas Chemical Co., Inc., Praxair., Inc., Achema AB, Linde Group, Jiangsu Huachang Chemical Co., Ltd., Koch Fertilizer LLC, SABIC, BASF SE, The Dow Chemical Company, Toggliazot PJSC, OCI Nitrogen, Haifa Chemicals Ltd., CNPC (China National Petroleum Corporation), Trammo, Inc., and Haldor Topsoe A/s.

Professional Services Robots Market Revenue is expected to Surpass a value of about US$ 7,400 Mn by 2022

A rapid growth in the service industries and the pressing need to adapt to the changing demand of the consumers, market challenges and a rapid advancement in technology with a backdrop of cut throat competition are the factors responsible for the growth of the professional services robots market. Robots have made their presence felt already in the realm of industrial automation where they are employed for carrying out repetitive tasks. However, with advancements in the fields of machine learning, artificial intelligence, cognitive science and adaptive computing are enabling the robots to assist humans in a variety of tasks. The development of technologically advanced robots that have an improved intelligence and can perform touch-sensitive tasks in a better manner and in addition also have the ability to interact with humans seamlessly will help their better adoption in fields such as healthcare.  

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The global professional services robots market is slated to touch a value of about US$ 7,400 Mn in the year 2022 and grow at a robust CAGR during the assessment period. 

4 Forecast Highlights on Global Professional Services Robots Market

• As per the forecast of Persistence Market Research, the professional cleaning segment is slated to touch a value of nearly US$ 650 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The professional cleaning segment is estimated to account for nearly one-tenth of the revenue share of the application segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the inspection & maintenance segment will reach a value of about US$ 180 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The inspection & maintenance segment is forecasted to account for a miniscule share of the total revenue share of the application segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the water-based segment is slated to reach a value of nearly US$ 1,800 Mn in 2022. The water-based segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the water based segment. 
• Persistence Market Research forecasts the U.S. professional services robots market to exhibit a compound annual growth rate (CAGR) of more than 20% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the professional services robots market like Kuka AG, Robert Bosch GMBH, AB Electrolux, Northrop Grumman Corporation, Boston Dynamics, Inc., iRobot Corporation, Gecko Systems International Corporation, Daifuku Co., Ltd., Yujin Robot Co., Ltd, Aethon Inc. and Elbit Systems Ltd.

Functional Composites Market Rugged Expansion Foreseen by 2024

Functional composites are materials or compounds that offer special magnetic, electrical, and optical properties. These properties cannot be achieved by its single constituent separately. Thus, functional composites combines properties of different materials as well as advantages of different group of materials. Functional composites are stiff, strong, tough, light, and more durable when compared to their original materials. Other special properties of functional composites include new formulations for extrusion products, weather resistance, adhesive properties, high temperature resistance, low weight, biodegradability, barrier properties, and mechanical properties.
The functional composites group includes composites with magnetic, optical, and electrical properties. Dispersoids are functional composites with large amount of electrical properties. The ion flow is carried out almost on the matrix filler interphase in dispersoids. Functional composites usually implement special properties in combination with initial product properties. Combination of the magnetostriction of phase 1 and the piezoelectricity of phase 2 resulting in the magnetoelectric effect in the composite is one of the example.

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Functional composites includes photonic crystals, wherein the matrix as well as the filler are solid phases such as in opal and other structures. These composites also cradle many biomaterials  which are protected from interaction through efficient coating systems. Composite material is a multi-phase system that consist of matrix material and reinforcing material. Matrix material is a continuous phase, and it includes metal matrix composite materials, inorganic non-metallic matrix composite materials and polymer matrix composites.
Functional composites can be segmented on the basis of type into: polymer matric composites, metal matrix composites (aluminum matrix composites), and epoxy resin matrix composites. Polymer matrix composite material uses fiber as reinforcement and organic polymer as matrix. Usually, the strength of reinforcement fiber are higher than that of matrix material, thus, making fibers the main load-bearing part. Metal matrix composites employ low-density metal, such as aluminum; which is reinforced with fibers of a ceramic material, such as graphite/silicon carbide. Aluminum metal matrix is widely used in the automotive industry, owing to its low density and high specific mechanical properties. Aluminum composite matrix dominates the demand for functional metal matrix composites. Growth in automotive and aerospace industries is the key driver of the demand for aluminum matrix composites. In terms of reinforcement, functional composites material can also be classified into: diffusion-enhanced composite materials, particle-enhanced composite materials, and fiber-reinforced composite materials.. Functional composite materials are widely used in several industries such as automotive, aerospace, defense, electrical, electronics, and aerospace.

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Currently, countries in Europe and North America account for the major share of the global functional composite market, owing to developed defense base and aerospace industry in these regions. Large number of manufacturers of function composites are based in North America and Europe. However, in terms of year-on-year growth in demand for functional composites, countries in Asia-Pacific is expanding at a steady rate. Growth in industrialization in Asia-Pacific is the major driver for the demand for various types of functional composites. Automotive and aerospace industries in Asia Pacific especially in China, India, and Japan; are expanding at a steady rate. This, in turn, is boosting the demand for functional composites in the region. Rise in investments,  and formation of alliances, joint ventures, acquisition, and collaborations are encouraging companies to expand their market share and attain competitive edge against existing competitors.

Key manufacturers and suppliers of wax emulsion products include Kyocera Corporation, Materion Corporation, 3M Company, 3A Composites Inc., Air Products & Chemicals, Inc., Bayer AG, E. I. Du Pont De Nemours & Company, Momentive Performance Materials Inc., Applied Materials Inc., Ametek, Inc., and Momentive Performance Materials Inc.
 

Potassium Iodate Market: Global Forecast over 2016 - 2024

Potassium iodate is a chemical compound majorly used in the food and healthcare industry. It is an oxidizing agent and catches fire if it comes in contact with reducing agents or combustible materials. It can be prepared by adding iodine to a hot, concentrated solution of potassium hydroxide. It can also be prepared by reacting a potassium-containing base such as potassium hydroxide with iodic acid.
Potassium iodate is used as an additive to raise herbage iodine levels. Potassium iodate is used for iodination of table salt to prevent iodine deficiency in humans. Iodine is an essential trace element; the thyroid hormones thyroxine and triiodothyronine contain iodine. In areas where there is little iodine; iodine deficiency gives rise to goiter, which results in developmental delays and other health problems. In some regions, potassium iodate is used as a source for dietary iodine. It is a major ingredient in some baby formula milk. Potassium iodate is also used in the food industry for various purposes.

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The growing demand for potassium iodate in agriculture is expected to boost the market within the forecast period. The demand for potassium iodate has experienced a continuous rise in the past few years and this trend is expected to continue in the next few years as well. The major reason for this is the diverse range of applications of potassium iodate. It is used in agriculture, water treatment, food preservation, medical, industrial and fire service applications among others. It is used in agriculture as a stable form of iodine, for animal to correct iodine deficiency and prevent various animal diseases, in food industry for iodisation of table salt and in pharmaceuticals it is used for the production of disinfectants, antiseptics and deodorants. Owing to such a wide range of applications, potassium iodate is widely used in several end-user industries. The growing demand for these application products from is anticipated to drive the demand for iodate in the next few years. However, the US Food and Drug Administration has expressed serious concerns about the safety and effectiveness of iodate, and the fact that its manufacturers are not in conformity with FDA rules to assure safety, quality and purity of the product. In addition, potassium iodate has the disadvantage of being a stronger intestinal irritant. These parameters may act as restraining factors  for the growth of the potassium iodate market in the near future.
The regions such as Asia Pacific, Africa and Latin America are predicted to emerge as the fastest growing markets for potassium iodate. The demand is expected to be highest from the emerging economies such as China and India. The continual and rapid growth in the industries in these regions is expected to drive the demand for potassium iodate in the production of various applications products. Moreover, developed markets such as the U.S. and European economies are steadily recovering from the economic downturn and are anticipated to generate significant demand for potassium iodate in the coming years. Due to the positive outlook across the world, the global potassium iodate is predicted to record a strong growth in the near future.

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Key manufacturers of the potassium iodate market are Chemicals India Company, Chongqing Changyuan Chemical Corporations Limited, Tianjin Chemical Industry Co., Ltd. and Themedica among others. Potassium iodate market is fragmented in nature with many small, medium and large scale industries. 

Chromium Chloride (III) Market to Register a Stout Growth by 2024 End

Chromium chloride typically finds use as a catalyst and as a precursor to dyes for wool. The major applications of chromium chloride mainly include dyestuffs, organic synthesis and as a precursor to organochromium complexes. Chromium(III) chloride comprise various compounds of having the formula CrCl3(H2O)x in which x can be 0, 5 or 6. The anhydrous compound with the formula CrCl3 is a violet solid. The most common form of the trichloride is the dark green hexahydrate. Chromium chloride is generally used as a precursor to several inorganic compounds of chromium, for instance, bis(benzene)chromium which is analogue of ferrocene.
Phosphine complexes which are derived from chromium chloride catalyses the trimerization of ethylene to 1-hexene. Moreover, chromium chloride is used in organic synthesis in which chromium(III) chloride is used for the in situ production of chromium(II) chloride which is a popular reagent for the reduction of alkyl halides and also for the synthesis of (E)-alkenyl halides. This chemical reaction is generally performed by using two moles of chromium chloride per mole of lithium aluminum hydride, even though if aqueous acidic conditions are suitable zinc and hydrochloric acid might be sufficient. Chromium(III) chloride is also utilized as a Lewis acid in various organic reactions, for instance, for catalyzing the nitroso Diels-Alder reaction. Dyestuff is also a major application of chromium chloride. A wide variety of chromium-containing dyes are broadly used for commercial applications of wool. Major types of dyes produced from chromium chloride are triarylmethanes which consists of ortho-hydroxylbenzoic acid derivatives. The growing demand for chromium chloride in all such applications is expected to drive the global chromium chloride market in the next few years.

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Asia Pacific is expected to be the fastest growing market for chromium chloride in the next few years. The main reason for this is the growing demand for chromium chloride from developing nations such as China, India, Indonesia and Thailand. Also, the countries in the regions such as Africa, South America and the Middle East are showing rapid economic growth since the last few years. These nations typically include South Africa, Brazil, Jordan, Nigeria, Egypt, Saudi Arabia, Qatar, Israel and Kuwait. Additionally, the U.S. and European countries are slowly recovering from the economic deceleration. All these factors are creating a positive outlook for the global industrial dynamics. Considering this positive outlook, the industries such as dyes and pigments are anticipated to record an astonishing growth in the next few years.
Moreover, there is a enormous market potential for the different types of dyes in the developing countries such as China, India and Brazil. The increasing demand for various types of dyes in the industries such as home textiles, apparels and geo-textiles across different geographies of the world, especially in the developing countries, is expected to drive the global dyestuff market in the next six years. This will eventually result in an increase in the demand for chromium chloride in the next few years.  The major players operating in the chromium chloride market are largely focusing on the developing countries for tapping their massive market potential. The major companies operating in the chromium chloride market are installing huge production facilities in these developing countries to fulfill the swiftly growing local demand for chromium chloride. Therefore, the global chromium chloride market is expected to witness a notable growth in the next six years.

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American Elements and OXKEM are the major producers of chromium chloride.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Microcellular Polyurethane Foam Market Set to Surge Significantly During 2016 - 2024

Microcellular polyurethane foam is a flexible, closed-cell and open-cell polyurethane foam material. This foam is an advanced material, which is highly durable and light in weight. Microcellular polyurethane foam is inexpensive and it depicts exceptional resistance to compression. It possesses excellent cushioning, sealing, and vibration control due to low compression property. Gases and vapors can pass through this material, owing to its open-cell structure. Microcellular polyurethane foam can also be formulated to form an essential skin, as it is mechanically mixed, and hence, the cell size is more uniform. This material is utilized in numerous industries such as automotive, aerospace, and construction, owing to its light weight. The automotive application segment accounts for a leading share of the global microcellular polyurethane foam market, owing to its use in cushions as well as car bodies, wherein its insulation properties provide protection against heat and noise of the engine. Usage of microcellular polyurethane foam helps in reducing the structural weight of products manufactured in various industries.
Densities of microcellular polyurethane foam typically range from two pounds per cubic foot to 50 pounds per cubic foot. The unit cost of microcellular polyurethane foam increases in a more linear manner with density. Asia Pacific, Europe, and North America are leading markets for the microcellular polyurethane foam. Asia Pacific is the speedily expanding market. Countries such as China, India, Japan, South Korea, Malaysia, and Thailand witness high demand for the material. The U.S, the U.K., Germany, Italy, France, and Canada have also been the leading markets for microcellular polyurethane foam.

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The global microcellular polyurethane foam market can be segmented on the basis of types, applications, and geographies. On the basis of types, the market has been segmented into high-density microcellular polyurethane foam and low-density microcellular polyurethane foam. The high-density microcellular polyurethane foam segment holds a major share in the global market. This growth is driven by widespread utilization of high-density microcellular polyurethane foam in upholstery, automotive seating, and bedding. On the other hand, the advantage of low-density microcellular polyurethane foam is that it is an effective sound barrier, and is also ideal for the manufacture of bespoke insulated panels. According to applications, the global microcellular polyurethane foam market has been classified into automotive, building & construction, electronics, medical, aerospace, and others.
On the basis of geographies, the global microcellular polyurethane foam market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The demand for lightweight materials in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K. is expected to drive the global microcellular polyurethane foam market. Brazil, Mexico, Argentina, the UAE, and Qatar are expected to drive the microcellular polyurethane foam markets in Middle East & Africa and Latin America. The increasing number of automotive manufacturers is expected to drive the automotive segment, as microcellular polyurethane foam is used extensively in automobiles to increase comfort, safety, quality, and visual appeal of vehicles.

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The global microcellular polyurethane foam market has several players operating at regional and global levels. Key players include BASF SE, ERA Polymers, Evonik Industries, Griswold International LLC, Huntsman Corporation, Inoac Corporation, Mearthane Products Corporation, Rogers Corporation, Rubberlite Inc., Saint-Gobain Performance Plastics, and The DOW Chemical Company.

Plug In Hybrid Electric Vehicles Market Will Amass US$20,000 mn by 2022

Across the world, efforts to curb growing population concerns has escalated in the past decade the trend is expected to continue in the near future, which is providing tremendous thrust on the global plug-in hybrid electric vehicles (PHEVs), according to the lead analyst of a fresh business intelligence study by Persistent Market Research (PMR). The report has detected that customers are now aware of their duty when it comes to reducing pollution levels and at the same time, governments are offering subsidies for the investors of green energy. Consequently, the demand in the global plug-in hybrid electric vehicles is projected to increment at an eye-catching CAGR of 13.4% during the forecast period of 2017 to 2022. As per the estimations of the PMR report, the opportunities in this market would constitute for a revenue of US$20,000 mn by the end of the forecast period, 2022.

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The primary driver of the global plug-in hybrid electric vehicles is its potential of lowering greenhouse gas emissions. Consumers are now willing to pay extra for this hybrid vehicles which can run on electric charges for the first duration and once that finishes, it can make use of fossil fuel such as gasoline or diesel for the further journey. By using current electricity infrastructure and green up the grid, the automotive manufacturers are able to manufacture PHEVs without having to construct a whole new prototype. From the consumer’s perspective, plug-in hybrid electric vehicles offers not only environmental benefits, but also are economically affordable on the longer run and includes benefits such as flexibility during longer runs.

Some of the other factors augmenting the demand in the global plug-in hybrid electric vehicles market are: benefit of overcoming the dependency on fast charging infrastructure which is not readily available, incremented focus of automotive players to develop these plug-in hybrid electric vehicles, extension of battery capacity and running range after the recent technological advancements, and creation of LEZs and emission-free zones in various cities of several countries. On the other hand, the consistent need from the end users to charge their PHEV regularly, lowered fuel economy and CO2 emission whenever the vehicles are running on fossil fuel, and the need to further improve the range are a few factors obstructing the prosperity of the global plug-in hybrid electric vehicles market. The analysts of the report expect the lower lifecycle of plug-in hybrid electric vehicles to improve radically over the course of forecast period as more than 100 new models are in pipeline and are expected to generate a demand of 3.7 mn units across the globe.

Based on power source, the PMR report segments the global PHEV market into stored electricity and on board electric generator. In the near future, the stored electricity PHEVs segment is expected to outshine the other segment, providing for a demand share of more than three-fourth. On the basis of powertrain, the market has been bifurcated into parallel hybrid, series hybrid, and combined hybrid plug-in electric vehicles. The former is currently the most sought-after category while series hybrid accounts for only one-fourth of the total demand. Based on vehicle type, the market gains significantly more demand for passenger cars than other segments, viz. commercial vehicles, two wheelers, and others including gold carts.

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Nissan Motor Corp., Ltd., Renault SA, Honda Motor Company, Ltd., Volkswagen AG, General Motors, Daimler AG, Ford Motor Company, Bayerische Motoren Werke AG, Toyota Motor Corporation, and Mitsubishi Heavy Industries Ltd. are some of the companies who are currently ahead of the curve in the global PHEVs market.

Steep Slope Roofing Materials Market to Exceed US$ 14,500 Mn by 2022

Steep slope roofs are the kind of roofs which have a slope of 3:12 or more. That means for every 12 horizontal inches, the rise in the height of roof is 3 inches or more. Such type of roofs having a steep slope are usually preferred by home owners and architects alike as they add beauty to the elevation of the building and are also good in their performance. Steep slope roofs provide an enhanced aesthetic appeal to the building, possess a long service life, resists the elements of nature and can be maintained easily. 

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Also, due to the steep slope of the roof, it doesn’t allow the water to get collected on the roof, and the water is able to drain out easily from the roof. The growth in the market for steep slope roof materials is directed related to the growth in the construction industry. With the rise in disposable incomes and an increase in the overall economic activity, the construction industry has benefitted, giving a fillip to the steep slope roofing materials market. However, contrary to this, the economic slowdown in certain regions of the world has negatively impacted the construction industry, consequently hampering the growth of the steep slope roofing materials market as well.

The global steep slope roofing materials market is slated to touch a value of about US$ 14,630 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.

4 Forecast Highlights on Global Steep Slope Roofing Materials Market

• As per the forecast of Persistence Market Research, the tiles material type segment is slated to touch a value of nearly US$ 1,850 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The tiles material type segment is estimated to account for more than one-tenth of the revenue share of the material type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the re-roofing segment will reach a value of nearly US$ 9,350 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The re-roofing segment is forecasted to account for nearly three-fourths of the total revenue share of the end-market segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the strips form type segment is slated to reach a value of nearly US$ 2,890 Mn in 2022. The strips form type segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the strips form type segment.
• Persistence Market Research forecasts the United States steep slope roofing materials market to exhibit a compound annual growth rate (CAGR) of less than 3% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the steep slope roofing materials market like Atlas Roofing Corporation, Malarkey Roofing Products, Tarco, Inc., Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., CertainTeed Corporation, TAMKO Building Products, Inc., IKO Industries, Ltd. and Henry Company LLC.

Color Masterbatches Market to Grow at CAGR of 5.1% through 2022

Color masterbatches are combinations of pigments and additives that are used in various applications, for instance, roofing, storage containers, cables, electronics, cosmetic objects, toys, belts, silage sheets, pipes etc. They have numerous benefits owing to which several synthetic fiber and plastic producers use color masterbatches – they come in form of pellets which makes it easier to apply, store or move as compared to powdered pigments, it is easier to handle and feed the color concentrates during manufacturing where color masterbatches are used, binding agent used in the masterbatches can be easily matched to the polymer which is used for enhanced melt processing, they offer good control on transparency as well as opacity of colored objects and special effects can be added to enhance color thus distinguishing between different objects. Moreover, for certain applications, polymer material needs special properties like UV balance, surface resistivity, optical brightness, enhanced transparency, avoiding yellowing, flame retardation and scratch resistance, with a view to achieve improved performance, which is provided by color masterbatches. These factors have favored the expansion of the global color masterbatches market in recent years.

According to Persistence Market Research, the global color masterbatches market is projected to grow at 5.1% CAGR during the period of assessment, 2017-2022.

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5 Key Highlights on the Global Color Masterbatches Market

• Europe region to show positive growth during the assessment period. it is anticipated to witness moderate growth during 2017-2022 period and is expected to dominate the global market in terms of high market share
• Asia-Pacific excluding Japan (APEJ) region shows high potential due to increased adoption of color masterbatches in various industries such as packaging and automotive. China and India are major contributors to the growth of color masterbatches in the APEJ region, making it a potential region for the color masterbatches market. Several manufacturers are investing in this region to develop manufacturing plants due to low cost, high labor availability and increasing demand for color masterbatches
• In the application category, the scratch and mar additives segment is anticipated to ascend at a higher CAGR of 5.8%. The growth of this segment can be attributed to the anti-scratch property that color masterbatches deliver which is widely used on polymers to perform special functions especially in interiors of car, consumer goods and electronic devices
• Marine segment by end user category is projected to witness fast pace to register a robust 5.9% CAGR followed by electronics and electrical segment during the period of forecast. However, color masterbatches are widely used in packaging segment, which leads the global market
• Standard color and specialty color masterbatches are anticipated to witness similar growth pace during the assessment period; but standard color masterbatches have experienced higher revenue than specialty color masterbatches during 2016 -2017 and is likely to continue this trend in the coming years. However, tailor-made color masterbatches are projected to experience high market share by the end of 2022

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The research report has also profiled key players in the global color masterbatches market. These include players such as Marval Industries Inc., RTP CO, Americhem, Uniform Color Company, Inc., Cabot Corporation, Ferro-Plast Srl, Standridge Color Corporation, Techmer PM Inc., Ampacet Corporation, Clariant AG, A. Schulman, Polyone Corporation and BASF SE.

Electric Vehicle Supply Equipment Market to Reach US$ 726 Mn by 2022

The global market for electric vehicle supply equipment is gaining popularity all around the world due to the increasing popularity of electric vehicles. An electric vehicle supply equipment, also known as electric vehicle charging station, electric recharging point or even charge point, and is used to supply electricity in order to recharge electric vehicles such as electric cars or hybrids. In the present times, there is a rapid awareness about pressing environmental issues like degrading air quality due to the burning of the fossil fuels which also leads to other complex issues such as that of global warming. In order to counter such issues, governments all over the world are encouraging the sales of electric vehicles in which the emissions are nil. In order to encourage the sales of electric vehicles, governments all over the world are giving subsidies on the electric vehicles and exempting them from paying road tax. In addition, manufacturers are investing a great deal in R&D to offer more advanced versions of electric cars that are also affordable for the general public. 

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The global electric vehicle supply equipment market is slated to touch a value of about US$ 726 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.

4 Forecast Highlights on Global Electric Vehicle Supply Equipment Market

• As per the forecast of Persistence Market Research, the Level 2 (> 3.7 kW and ≤ 22 kW) segment is slated to touch a value of nearly US$ 112 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The Level 2 (> 3.7 kW and ≤ 22 kW)  segment is estimated to account for nearly one-fifth of the revenue share of the charger type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the commercial segment will reach a value of nearly US$ 210 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The commercial segment is forecasted to account for more than one-third of the total revenue share of the end-user segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the train stations segment is slated to reach a value of nearly US$ 141 Mn in 2022. The train stations segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the train stations segment. 
• Persistence Market Research forecasts the US electric vehicle supply equipment market to exhibit an annual growth rate (CAGR) of 4.7% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the electric vehicle supply equipment market like ABB Ltd, Schneider Electric S.E., Tesla Inc., General Electric Company, ChargePoint, Inc., SemaConnect, Inc., Car Charging Group, Inc., Robert Bosch GmbH, Eaton Corporation PLC, and AeroVironment, Inc.

In Dash Navigation System Market Poised to Rake in US$ 20 Bn by 2022

The global in-dash navigation systems market has been estimated to exhibit an impressive expansion during the forecast period 2017 to 2022, according to a new study by Persistence Market Research (PMR). Global sales of in-dash navigation systems are expected to account for revenues over US$ 20 Bn by 2022-end.

OEMs Offering In-Dash Navigation Systems in Hatch-back Vehicles

Along with the focus on providing embedded systems, OEMs are also aiming to offer technologically advanced vehicle systems, which will render various functionalities in a single unit. OEMs are also concentrating on providing in-dash navigation systems in hatch-back vehicles, to increase their popularity among consumers, and gain a competitive edge. Busy lifestyles of individuals, especially across urban regions, has driven demand for vehicles that have an in-built system providing real-time information on traffic as well as the vehicle performance, along with improvements in the vehicle’s operational efficiency.

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Several vehicle norms provided by regulatory bodies have been encouraging automobile manufacturers to produce higher fuel-efficient vehicles. In-dash navigation systems are crucial in reducing the vehicle’s fuel consumption, as they offer information regarding shortcuts in routes, and traffic jams in close-proximity areas. The aforementioned factors are expected to drive growth of the market over the forecast period.

Some other prominent factors impacting market growth are government regulations concerning use of embedded navigation systems, surge in the production of vehicles, and rise in purchasing power of individuals across developed as well as developing economies. In addition, increasing demand for lightweight components of vehicles, along with legislations related to emissions will further augment demand for the in-dash navigation systems in vehicles.

Key Insights Offered by PMR’s Report on Global In-Dash Navigation System Market

• Aftermarket will continue to be the largest sales channel in the market, with sales poised to exceed US$ 13,000 Mn in revenues by 2022-end. Sales of in-dash navigation system in OEM will exhibit a relatively faster expansion through 2022.
• On the basis of vehicle type, in-dash navigation systems will witness the highest demand in mid-sized passenger cars.
• Screen size of 4 inches will remain highest-selling in the global in-dash navigation system market.
• Although LCD display will be sought-after among consumers in the market, sales of high-definition (HD) display for in-dash navigation systems will exhibit the fastest expansion through 2022.
• Europe is estimated to remain the most-lucrative region in the global in-dash navigation system market. In addition, North America and Europe will exhibit equal CAGRs in the market through 2022.

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• Asia-Pacific excluding Japan (APEJ) will also account for a major revenue share. This can be highly attributed to increasing vehicle product in emerging economies of APEJ such as China and India.
• Key players actively operating in the market include TomTom NV, Robert Bosch GmbH, Pioneer Corporation, Mitsubishi Electric Corp, Luxoft Holdings Inc., Garmin International, Denso Corporation, Delphi Automotive PLC, Continental AG, Alpine Electronics Inc., and Clarion Co. Ltd.

Satellite Payloads Market to Touch US$ 14.8 Bn by 2022

Optimal selection of satellite payloads has a governing influence on maximizing the utility of the satellite. However, manufacturers continue to struggle in development of satellite payloads under power supply constraints associated with satellite buses. In spite of attaining surplus investments, companies operating in the global satellite payload market continue to rely on experimental solutions for eliminating such shortcomings. According to Persistence Market Research, the global market for satellite payloads is expected to witness a moderate growth in the next five years.

The report published by Persistence Market Research projects that by the end of forecast period, 2017-2022, the global market for satellite payloads will have registered modest CAGR and procured a little over US$ 14.8 Bn revenues. Various factors influencing the dynamics of global satellite payload market have been compiled in the report, wherein rising investments in space exploration sector is observed as key driver for the market’s growth.

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Segmental Analysis of Global Satellite Payload Market

The report has segmented the global market for satellite payloads on the basis of orbit-type, payload-type, applications and frequency bands.

• In 2017, the global market for satellite payloads witnessed higher demand for hosted payloads designed for low earth orbit (LEO) deployment. While satellite payloads developed for LEO deployment will witness highest revenue share, global revenues contributed by this segment will incur sluggish growth throughout the forecast period.
• Through 2022, navigation payloads will attain the largest revenue share, followed by imaging satellite payloads and communication payloads. Deployment of a majority of commercial satellites is expected to be directed towards boosting the strength of global navigation network.
• Concurrently, navigation is expected to remain the largest application for satellite payloads. By the end of 2022, navigation application of satellite payloads is anticipated to procure around US$ 7 Bn in global revenues. Towards the end of forecast period, scientific research applications of satellite payloads are also expected to gain traction.
• The report further projects that sales of C K/KU/KA band payloads will dominate the market, recording nearly one-fourth share on global market throughout the forecast period.

Satellite Payloads Market: Regional Overview

The Asia-Pacific excluding Japan (APEJ) region is exhibiting growing interests in space technology and utilization, which has contributed to the surging demand for satellite payloads. The report projects that throughout the forecast period, the APEJ region will dominate the global market for satellite payloads. The APEJ satellite payload market is anticipated to create an incremental opportunity of US$ 780 Mn between 2017 and 2022. North America’s satellite payloads market, on the other hand, is pegged to reflect a moderate CAGR through 2022, wherein a few US-based space technology companies are expected to deliver astronomical ROIs. Emerging space administration sector in Europe is also expected to factor in global expansion of satellite payload market.

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The report has also profiled leading players in the global satellite payload market which include, Airbus Defense and Space, Boeing Company, Thales Group, Lockheed Martin Corporation, Mitsubishi Electrical Corporation, Honeywell International Inc., Harris Corporation, and Lucix Corporation.

Building Products Market: Plaster building products market is poised to grow at a CAGR of 5.3% by 2025

An exhaustive market evaluation put forth by Persistence Market Research on building products (including drywall) market in its new research publication “Building Products (Including Drywall) Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” focuses on the impact of drivers, challenges, restraints, trends and opportunities on the global market along with key player analysis during the 2017-2025 period. An in-depth market segmentation is included in the research report using which the value and volume analysis of various categories is possible during the period of forecast across important geographies of North America, Europe, Latin America, Asia Pacific (APAC) and Middle East and Africa (MEA).

Global Building Products (Including Drywall) Market: Forecast

The global building products market is poised to reflect a moderate CAGR of 5.2% during the period of forecast. It is expected to reach a value of around US$ 49 Bn by the end of 2025 from a value of US$ 33.16 Bn in 2017. The global drywall market is anticipated to register a steady growth rate and exhibit a CAGR of 4.2% during the period of forecast, to reflect a value of US$ 27 Bn by the end of 2025 from a value of US$ 18 Bn in 2017.

Global Building Products (Including Drywall) Market: Segmental Analysis

Global plaster building products market is poised to grow at a CAGR of 5.3% throughout the forecast period to reflect a value of about US$ 37 Bn by the end of 2025. Gypsum building plasters sub segment is expected to contribute to the growth of the plaster building products market by reflecting a higher CAGR of 5.9% followed by cement sub segment, which holds significant market share by revenue. The gypsum segment has the highest market share thus witnessing dominance.

Global skim coats building products market is expected to reach a value of US$ 2.9 Bn by the end of 2025 with a CAGR of 6.5% during the forecast period. The polymer sub segment is poised to reflect the highest growth rate to reach a CAGR of 7.3% followed by gypsum and cement throughout the forecast period. Lime sub segment is poised to witness sluggish growth throughout the forecast period.

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Global filling compound building products market is expected to reflect a volume CAGR of 5.2%. The polymer sub segment is expected to reflect a volume CAGR of 5.7%, and is expected to be the fastest growing segment in terms of both value and volume.

Global render building products market is poised to reach a value of about US$ 8.6 Bn by the end of 2025, with a high CAGR of 5.8% throughout the forecast period. The cement sub segment is expected to be the fastest growing in the render building products market to reflect a CAGR of 6.1% during the period 2017-2025, followed by the polymer sub segment.

Residential segment by end user is poised to be the fastest growing segment, reflecting a CAGR of 5.7% during the forecast period and reaching a market value of about US$ 24 Bn by the end of 2025, thus dominating the market.

Asia Pacific is the fastest growing region, also dominating the global market with respect to market share. The APAC region is poised to reflect a higher growth rate to register a CAGR of 6.2% during the forecast period. The region dominates the global market with an estimated market value of about US$ 24 Bn by the end of 2025.

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Global Building Products (Including Drywall) Market: Competitive Landscape

Persistence Market Research has analyzed all key tier companies involved in the global building products (including drywall) market. Companies such as Akzo Nobel N.V., PPG Industries, Inc., Sto SE & Co. KGaA, USG Corporation, Compagnie de Saint-Gobain, China National Building Company Limited, Rockwool International A/S, Ardex, Knauf Gips KG, Kerakoll Group, PCI Group, Parex Group SA, Mapei S.p.A, PABCO Building Products, LLC, Etex S.A., Baumit GmbH, Toupret, Caparol, JUB Group and Ceresit are featured in the report.

Sorting Machines Market Size to Escalate at a Rapid Scale Through 2025

Sorting Machines Market: Introduction

Sorting is arranging items in systematical way or grouping similar items. Sorting Machines are used to separate things into predetermined ways. Sorting Machines are designed to make things easier and the Sorting Machine techniques can be optical sorting, digital sorting, sensor sorting, magnet sorting and many more and these equipment sort objects on the basis of color, structural properties, weight, size, chemical composition, shape etc. in automated manner.  Color sorting machine technology can be camera, X-ray, Laser, LED based, Hyper Spectral Imaging. Food sorting machines are integration of mechanical and optical sorting technologies.

Functions performed by these sorting machines can be aligning, packaging, distributing, transporting, collecting, defect removal etc. thereby expediting the processes. Sorting Machines are used in distribution, packaging, food processing, mining, recycling, waste management, chemical, plastic industries. Another Major application of sorting machines is they are also used for Note Sorting.

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Sorting Machines Market: Dynamics

Increased production capacity of consumer goods and simultaneous monitoring of the batch products manufactured is a primary factor for employment of sorting machines in respective end use industries. Growing concern of food quality is the primary driver of Sorting Machine Market in the growing urbanization. The Sorting Machines market is expected to witness potential growth in Food industry as they are used in the food processing industry to ensure the quality of raw material used. Pharmaceutical industry is another prominent segment which is projected to facilitate a greater share of sorting machines for continuous batch production process. 

Improved automation technologies in Sorting Machines is increasing adoption of Sorting Machines as it reduces operation, maintenance and waste management cost. Also, Productivity can also be greatly improved by use of Sorting Machines, Therefor Sorting Machines market is expected to see huge market growth in coming future.

Governments across the globe has implemented strict policies to reduce waste reduction, Recycling and food safety and these stringent policies must be followed by all the organization involved in such sectors, hence ultimately boosting the demand of Sorting Machines and its Market growth. 

Emerging Economy and shift of mining activities toward it will generate more demand of Sorting Machines in the Market thus impacting the growth of Sorting equipment Industry.

However, the restraining factor of the sorting machine market is that these Sorting Machines are costly equipment and their number of extra parts adds extra cost making it very expensive. Also the existing installed base which has a fair shelf life will cause limited growth of the market where relatively less number of new units is likely to be procured by end users. Slowdown of manufacturing sector in developed economic countries is another factor as a deterrent for the growth of Sorting Machines market.

Sorting Machines Market: Segmentation

On the Basis of Product type, the Sorting Machine Market is segmented as follow:

• Belt Sorters
• Freefall Sorters
• Channel Sorter
• Automated Defect Removal (ADR) Sorters

On the Basis of Application, the Sorting Machine Market is segmented as follow:

• Food Industry
• Chemical Industry
• Plastic Industry
• Pharmaceutical Industry
• Wood Industry
• Packaging
• Agriculture

Sorting Machines Market: Regional Outlook

Europe dominates the market of Sorting Machines and is expected to maintain its position in coming years as the regions increasing focus on high degree efficiency and precision in removing impurities from food products thus boosting the market growth and adoption of Sorting Equipment.

United states government has implemented regulations under the Environmental Protection Agency about the policies of protection of state environment and   management of waste, and the segregation of waste, sorting of wastes, mining activities has set of requirements of Sorting equipment. Thus current critical environment condition and stringent rule of US in the region will call for increasing number of Sorting Machines and is expected to see potential growth.

Asia Pacific owns sizable market in Sorting Machines as growth in pharmaceutical, FMCG, food & beverages sector in the region will significantly drive the Sorting Machine Market in the forecast period.

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Sorting Machines Market Key Players: Tomra, Bühler Sortex, BarcoVision, Sesotec, Aweta, Raytec Vision, Daewon GSE, Bühler Sortex, BT-Wolfgang Binder, Concept Engineers