Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

Feb 22, 2021/IndustryNewsGlobal/--The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Voice Recognition Market.  

It was estimated prior to this unanticipated outbreak Voice Recognition Market will reach CAGR of 17.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Voice Recognition Market Insights

Voice Recognition Market is likely to witness an impressive CAGR of 17.5% during the forecast period. Factors such as growing demand for easier, faster, and safer user authentication among various sectors, stringent government policies associated with user’s data security, growing fraudulent activities in several industry verticals, and increasing adoption of AI-based voice recognition systems are some of the major factors driving the growth of the market during the forecast period.

Market Share Analysis

Voice Recognition Market Share: By Deployment Model Type

Based on the deployment model type, the market is segmented as on-premise and cloud. The cloud-based deployment model is expected to register higher growth during the forecast period. It offers various gainful features, such as IT security, scalability, high speed, and 24*7 services and requires only a proper internet connection which minimizes the physical infrastructural costs, boosting the segment’s growth over the forecast period.

Voice Recognition Market Share: By Technology Type

Based on the technology type, the market is segmented as AI-based and non-AI based. AI-based technology is estimated to hold the major share of the market during the forecast period. Factors such as capability of AI models to process larger dataset with more accuracy compared to traditional models, to adapt changes in language on their own and enhance their accuracy level through their self-learning abilities, to identify various components such as semantics, accent, context, and words from foreign languages, are expected to fuel the product demand in the market during the forecast period.

Voice Recognition Market Share: By End-Use Type

Based on the end-use type, the market is segmented as aerospace, automotive, BFSI, consumer electronics, government & defense, healthcare, and others. BFSI sector is projected to witness significant growth during the forecast period on account of rapidly growing digital banking coupled with increase in number of identity frauds. Increasing identity fraud activities can lead to enormous losses for financial institutions, thus banks are focusing on implementing technologies, such as voice recognition technology to authenticate users’ identity and process a secure transfer of their information from remote locations, increasing the accuracy of detecting a person with a fraudulent behavior, fueling the market growth during the forecast period.

Voice Recognition Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing region in the market owing to increasing adoption of smart electronic devices in the region during the forecast period. Factors such as consumer electronics devices being integrated with biometric-based voice recognition technology which offers hands-free activation and interactive actions using voice commands, and growing production and consumption of electronic devices in the region are expected to accelerate the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Feb 22, 2021/IndustryNewsGlobal/--The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Bearings Market.  

It was estimated prior to this unanticipated outbreak Bearings Market will reach CAGR of 7.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Bearings Market Insights

Bearings Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Surge in vehicle sales and increasing adoption of electric and connected vehicles, introduction of advanced high capacity wheel bearings along with enhanced lubricating performance, and growing demand for specialized bearing solutions to fulfill industry-specific requirements, such as gas meters, medical imaging equipment, and flight support systems are some of the major factors driving the market growth during the forecast period.

Market Share Analysis

Bearings Market Share: By Product Type

Based on the product type, the market is segmented as ball bearing and roller bearings. The ball bearing segment is projected to hold the major share of the market during the forecast period as it offers excellent features, such as friction reduction, high durability, load carrying capability, facilitating motion and position of moving machine parts, and cost-effective replacement. It has a simple design and possesses shield sealing which causes prevention of lubricants leakage and help in avoiding entry of foreign particles into the casing that minimizes the maintenance cost, fueling the segment’s growth during the forecast period. Also, the ball bearing segment is further divided into deep groove ball bearings and others, out of which, deep groove balls are estimated to witness significant growth rate in the market during the forecast period owing to their simple design, low friction, and low maintenance cost features.

Bearings Market Share: By Application Type

Based on the application type, the market is segmented as automotive, agriculture, electrical, mining & construction, railway & aerospace, automotive aftermarket, and others. Automotive is estimated to be the dominant application type of the market during the forecast period owing to growing vehicle sales and increasing demand for various automotive moving parts which need bearing to function. Bearing finds a wide range of application in the automotive industry, such as in gearboxes, transmissions, engines, steering, pumps, wheels, and electrical motors, boosting the product demand in the market over the forecast period.

Bearings Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the dominant region in the market with China, Japan, India, and South Korea being the major countries providing lucrative growth opportunities with increasing investments in the automotive industry during the forecast period. Also, other factors, such as easy availability of raw materials and cost-effective manufacturing along with the presence of various industry participants in the region is further expected to fuel the product demand in the bearings market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

This new report from Stratview Research analyses the Aviation Weather Forecasting Services Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Aviation Weather Forecasting Services Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aviation Weather Forecasting Services Market is no different. Derived from the previous market scenario, the Aviation Weather Forecasting Services Market is likely to reach US$ 447.6 million in 2024 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

• • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Market Share Analysis

Aviation Weather Forecasting Services Market Share by Forecasting Type

The global aviation weather forecasting services market is segmented based on the forecasting type as Aerodrome Forecast, Area/Route Forecast, and Special Forecast. Aerodrome forecast is expected to remain the most dominant segment of the aviation weather forecasting services market over the next five years. Almost every airport in the world has Terminal Aerodrome Forecast (TAF) written for them. Due to a continuous increase in fleet size and increasing involvement of private players in these services, the segment is expected to grow at a healthy rate in the coming five years.

Aviation Weather Forecasting Services Market Share by Forecasting Duration Type

Based on the forecasting duration type, the global aviation weather forecasting services market is segmented as Short-Term, Medium-Term, and Long-Term Forecast. Short-term forecast is projected to remain the most dominant segment of the global aviation weather forecasting services market over the next five years. Short-term forecasts are the most widely used in the aviation industry, owing to their higher accuracy as compared to longer-term forecasts. Additionally, the technological innovations, an increase in the usage of electronic mode of transmission, and a more efficient weather-model further facilitate the use of short-term forecasts.

Aviation Weather Forecasting Services Market Share by Distribution Method Type

Based on the distribution method type, the aviation weather forecasting services market is segmented as Electronic and Written.  The electronic forecast segment is projected to remain the dominant mode of communication in the global aviation weather forecasting services market during the forecast period, propelled by the advancement of technology, uninterrupted data transfer, and a better avionics user-interface.

Aviation Weather Forecasting Services Market Share by Aircraft Type

Based on the aircraft type, the aviation weather forecasting services market is segmented as Civil Aviation and Military Aviation. Civil aviation is expected to remain the growth engine for the aviation weather forecasting services market over the next five years, whereas military aviation is projected to showcase a flatter growth during the same period.

Regional Insights

Based on regions, North America is expected to remain the largest aviation weather forecasting services market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of Asia-Pacific is driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, presence of the most weather-sensitive nations, such as India and the Philippines, and rising aircraft fleet size.

Key Players

Some of the key players in the aviation weather forecasting services market include Universal Weather and Aviation Inc., Rockwell Collins, The Weather Company – IBM, Jeppesen, and World Fuel-Colt. The development of improved weather forecasting models, facilitation of public-private partnership in providing services, and formation of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

Feb 18,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Laminating Adhesives Market.

It was estimated prior to this unanticipated outbreak that the Laminating Adhesives Market was expected to grow at a CAGR of 7.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

With the increasing awareness about product safety, laminating adhesives are increasingly being used in specialty flexible packaging which are initially regarded as too expensive and not technically advanced enough for lamination. Laminating adhesives are used to bond laminated plastic films to other plastic film substrates, paper substrates, or metallic foil substrates in food, medical, and industrial packaging.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the technology type, the market is segmented as solvent-based, water-based, solventless, and others. Water-based laminating adhesive dominated the market in 2019, and is expected to remain dominant during the forecast period. Due to increasing concern on VOC emission from solvent-based laminating adhesives, water-based products are more preferred. Furthermore, water-based laminating adhesives are compatible with a wide range of substrates such as plastics, metallic films, natural and synthetic textiles, etc.

Based on the resin type, the laminating adhesives market is segmented as polyurethane, acrylic, and others. Polyurethane-based laminating adhesives account for the largest share as they offer excellent adhesion with plastics, textile, metal, rubber, leather, paper, wood, etc. They also offer good resistance to solvents and chemicals while providing excellent performance on heat-sensitive substrates.

Based on the end-use industry type, the laminating adhesives market is segmented as packaging, industrial, and automotive & transportation. Packaging accounted for the largest share of the market in 2019. The packaging industry has been witnessing the transition from rigid packaging to flexible packaging due to the latter’s advantages such as light weight, easy handling & transportation, longer shelf life, and smooth printability. As laminating adhesives are used in flexible packaging extensively; this development is expected to propel the laminating adhesives market.

In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period. Significant growth in flexible packaging’s demand in Asia-Pacific with the changing lifestyle, growing middle-class population, and rising disposable income are expected to fuel the demand for laminating adhesives in the region.

Key Players:

Some of the major players in the laminating adhesives market are-

• Arkema S.A.
• Ashland Inc.
• COIM Group
• DIC Corporation
• DowDuPont Inc.
• Flint Group
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• The 3M Company
• Vimasco Corporation
• Others.

The report on the Aerial Refueling Systems Market has an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offers insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aerial Refueling Systems Market is expected to reach an estimated value of US$ 671.9 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:

●by Aircraft Type (Combat Aircraft, Helicopter, and Others) – Combat aircraft is likely to remain the growth engine of the market.
●by System Type (Hose and Drogue, and Boom and Receptacle) – Hose & Drogue will remain the larger and faster-growing system type segment.
●by Component Type (Refueling Pods, Refueling Probes, and Fabrics) – Boom will remain the dominant component of the market.
●by End -User Type (OE and Aftermarket) – OE will remain the larger and faster-growing segment of the market.
●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Highlights of the Report:

The market is segmented based on the aircraft type as Combat Aircraft, Helicopter, and UAV. Combat aircraft is likely to remain the growth engine of the market during the forecast period. Increasing demand for combat aircraft, owing to rising tensions, and large aging combat aircraft fleet size and a greater need of multiple tanker aircraft for refueling are the major factors that are proliferating the demand for refueling systems in the segment. The UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs.

Based on the system type, the market is segmented as Hose & Drogue and Boom & Receptacle. Hose & Drogue is expected to remain the larger and faster-growing system type in the market during the forecast period of 2019 to 2024, driven by low cost and ease in refueling. All the major tanker aircraft are increasingly opting for hose and drogue system. KC-46 tanker aircraft of Boeing, the most talked tanker aircraft, are equipped with a permanent centerline drogue system and removable wing air refueling pods.

In terms of region, North America is expected to remain the largest aerial refueling systems market during the forecast period. The USA is likely to remain the growth engine of the North American market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years.  

Asia-Pacific is expected to experience the highest growth during the same period. Increasing defense budget of the major Asian markets, such as China, India, Japan, and South Korea; and good order size of tanker aircraft are likely to drive the demand for aerial refueling systems in the region.

Key Players of the Market

The key aerial refueling system manufacturers are Cobham Plc., Eaton Corporation, Safran S.A. (Zodiac Aerospace), GE Aviation Systems, and Marshall Aerospace and Defense Group.

Features of the Report

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:

• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth