Nondestructive Testing Equipment Market to Reach $4.72 Billion, Globally, by 2025 at 9.0% CAGR

Nondestructive Testing Equipment Market

Nondestructive Testing Equipment Market

Need for extending the life of obsolete infrastructure, and rising oil & gas and power generation projects drive the market growth

PUNE, MAHARASHTRA, INDIA, November 25, 2020 /EINPresswire.com/ — Safety regulations by the government, demand for efficient and safe performance of the machines in various industries, need for extending the life of obsolete infrastructure, and rising oil & gas and power generation projects drive the market growth. However, lack of skilled and qualified professionals and high cost of automated NDT equipment restrain the market growth. On the other hand, increasing infrastructure development in emerging economies and use of advanced NDT equipment offers immense growth opportunity in the industry.

The report offers an in-depth analysis of key market players and their strategies, dynamic market trends, major segments, market size & estimations, and overall business landscape. As per the report, the nondestructive testing equipment market accounted for $2.38 billion in 2017 and is anticipated to reach $4.72 billion by 2025, registering a CAGR of 9.0% from 2017 to 2025.

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Ultrasonic Testing is a lucrative segment

Based on testing method, ultrasonic testing contributed for nearly one-third of the total market share in 2017 and is expected to lead in terms of revenue throughout the forecast period, owing to increasing usage of ultrasonic testing in various industry. However, liquid penetrant testing is expected to register the highest growth with a CAGR of 11.1% from 2017 to 2025, owing to its low cost and user-friendly approach. The research also offers insights on radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy current testing, and others.

Volumetric Examination to remain dominant throughout the forecast period

Based on technique, volumetric examination accounted for more than 50% of the total market share in 2017 and is expected to remain dominant throughout the forecast period, owing to increasing applications in radiology and ultrasonic testing. However, others are expected to grow at the highest CAGR of 10.2% from 2017 to 2025, due to increasing investments in oil & gas and power generation projects.

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Energy & Power to maintain its top status by 2025

Based on industry vertical, energy & power accounted for nearly one-third of the total market share in 2017 and will maintain its leadership status by 2025. This is due to increasing number of power plants and testing equipment. However, automotive & transportation segment is expected to register the highest CAGR of 10.6% from 2017 to 2025, owing to rising demand and production of motor vehicles globally.

LAMEA to grow at the fastest rate

LAMEA is expected to grow at the fastest CAGR of 10.4% from 2017 to 2025, due to increase in number of construction projects and rising industrialization. However, North America holds the major market share, accounting for one-third of the total share in the world, due to increasing demand for oil & gas and power generation industries.

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Key market players

Key market players highlighted in the research are Olympus Corporation, Intertek Group Plc, SGS SA, Ashtead Technology, Inc, General Electric, Sonatest, Zetec, Inc. YXLON International GmbH, Mistras Group, Inc. and Magnaflux Corporation.

Related Reports:

X-Ray Detector for Non-Destructive Testing Market

Industrial RT for Non-Destructive Testing Market

Explosive Detector Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Brake System Market Boom in Near Future!

Allied Market Research

Increase in manufacturing volumes, sales of commercial vehicles and off-highway trucks, stringent automotive active safety regulations drive brake system market

PORTLAND, OR, UNITED STATES, November 25, 2020 /EINPresswire.com/ — Brake System Market 2020-2030: Allied Market Research published a report, titled, "Brake System Market by Product Type (Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet Brake, and Regenerative & Dynamic Braking), Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket) and End Use (Automotive, Construction Equipment, Agricultural Equipment, Industrial Trucks, and Mining Equipment): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global brake system industry generated $41.62 billion in 2019, and is expected to reach $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.

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Prime determinants of growth

Rise in production & sales of commercial vehicles and off-highway trucks, surge in stringency of automotive active safety regulations, and initiatives of new car assessment program (NCAP) on electronic brake systems drive the growth of the global brake system market. However, huge development cost of electronic brake systems and high maintenance costs restrain the market growth. On the other hand, regulations regarding load carrying capacity, mandates on air brakes installation, and emergence of the brake-by-wire system and regenerative braking create new opportunities in the coming years.

COVID-19 Scenario:

Many original equipment manufacturers (OEM) have stopped production of brake systems due to lockdown enforced by governments. The supply of raw materials has been disrupted. Concerns related to inventory management, reduction in manufacturing, and ban on shipping, also affected the production.
Moreover, the demand from the automotive industry has been decreased significantly due to shutdown of production facilities of electric vehicles. The R&D activities have been stopped due to closure of factories.
Manufacturing activities have been coming on track as factories are opened during the post-lockdown period. The demand would increase steadily from end-use industries.

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The drum brakes segment to continue its leadership status during the forecast period

Based on product type, the drum brakes segment accounted for the highest market share in 2019, contributing to nearly half of the total share of the global brake system market, and is estimated to continue its leadership status during the forecast period. This is due to cost-effective solutions and high compatibility. However, the regenerative & dynamic braking segment is estimated to grow at the fastest CAGR of 9.8% from 2020 to 2027, owing to surge in adoption of electrical vehicles across the globe.

The automotive segment to maintain its highest share during the forecast period

Based on end-use, the automotive segment contributed to the largest market share, holding more than half of the total share of the global brake system market in 2019, and is projected to maintain its highest share by 2027. Moreover, this segment is projected to maintain the highest CAGR of 7.6% during the forecast period. This is due to the optimistic outlook toward the transportation and logistics industry and penetration of the electrical vehicles. The report also offers a detailed analysis of segments including construction equipment, agricultural equipment, industrial trucks, and mining equipment.

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Asia-Pacific to offer lucrative opportunities, North America to grow steadily

Based on region, Asia-Pacific contributed to the largest share in terms of revenue of the global brake system market, accounting for more than two-fifths of the total share in 2019, and will maintain its lead position throughout the forecast period. Moreover, this region is expected to portray at the highest CAGR of 8.0% from 2020 to 2027. This is attributed to wide presence of the end-use market players and implementation of cost-effective manufacturing solutions in the region. However, North America is projected to register a CAGR of 5.7% during the forecast period.

Leading market players

AISIN SEIKI Co., Ltd.
BREMBO S.P.A.
CONTINENTAL AG
Delphi Technologies
HALDEX
Hitachi Automotive Systems, Ltd.
KNORR-BREMSE AG
Nissin Kogyo Co., Ltd.
Robert Bosch GmbH
ZF FRIEDRICHSHAFEN AG

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Similar Reports We Have on Automotive & Transportation Industry:

Brake Override System Market by Sensor Technology (Radar, LiDAR, Camera, Infrared, and Ultrasonic) and Vehicle Type (Passenger Cars and Commercial Vehicles) – Global Opportunity Analysis and Industry Forecast, 2017-2023.

Air Brake System Market by Type (Air Disc Brake, Air Drum Brake), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, Slack Adjuster, and Others), and Vehicle Type (Trucks, Bus, and Rolling Stock): Global Opportunity Analysis and Industry Forecast, 2018–2026.

Automotive Brake System Market by Type (Disc and Drum), Technology (Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake Force Distribution (EBD)), Vehicle Type (Passenger ICE Vehicle, Commercial ICE Vehicle, and Electric Vehicle), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019–2026.

Automotive Brake Pad Market by Material Type (Semi-Metallic, Non-Asbestos Organic (NAO), Low-Metallic and Ceramic), Position Type (Front and Front & Rear), Sales Channel (Original Equipment Manufacturer (OEM) and After-market), and Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire

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Armored Vehicles Market Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis 2020-2030

Allied Market Research

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A surge in need for armored vehicles owing to militarization of law enforcement agencies coupled with increase in armored vehicles market.

PORTLAND, OR, UNITED STATES, November 25, 2020 /EINPresswire.com/ — Armored Vehicles Market 2020-2030: According to the report published by Allied Market Research, the global armored vehicle market accounted for $15.96 billion in 2018 and is anticipated to garner $21.97 billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.

An increase in demand for armored vehicles due to militarization of law enforcement agencies and surge in demand for bulletproof vehicles have boosted the growth of the global armored vehicles market. On the contrary, reduction in the national defense budget hinders the market growth. However, the adoption of unmanned combat vehicles and the production of modular armored vehicles would unlock lucrative opportunities in the coming years.

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The global armored vehicle market is segmented on the basis of application, drive type, vehicle type, and geography. Based on the application, the market is divided into defense and commercial. The commercial segment is expected to manifest the fastest CAGR of 5.4% through 2026. However, the defense segment dominated in 2018, contributing more than four-fifths of the total revenue.

On the basis of drive type, the market is categorized into wheel and track. The wheel segment is expected to portray the largest CAGR of 4.6% during the study period and held the largest share in 2018. The segment contributed to more than three-fourths of the market.

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The global armored vehicle market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe is anticipated to register the fastest CAGR of 5.0% from 2018 to 2026. Moreover, the market across Europe held the lion’s share in 2018, contributing to more than one-third of the market.

The global armored vehicle market report includes an in-depth analysis of the major market players such as BAE Systems, Oshkosh Defense, LLC, General Dynamics Corporation, Rheinmetall AG, Krauss-Maffei Wegmann GmbH & Co. (KMW), International Armored Group, Lockheed Martin Corporation, Lenco Industries, Inc., INKAS Armored Vehicle Manufacturing, and STREIT Group.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Space Agriculture 2020 Market Research and Development, Future Outlook Analysis To 2026

WiseGuyReports.Com Publish a New Market Research Report On –“ Space Agriculture 2020 Market Research and Development, Future Outlook Analysis To 2026”.

PUNE, MAHARASTRA, INDIA, November 25, 2020 /EINPresswire.com/ —

Space Agriculture Market 2020

Description: –

Global Space Agriculture market is highly classified by enriched products to help diverse industries grow with their business operations. The key players scattered across different regions of the globe are putting in their maximum efforts to make sure that the products can be developed at a higher pace to meet the growing needs and requirements of the consumers. As the demands are growing on a larger scale, the key players are also improvising the products along with the manufacturing infrastructure, in order to increase the production speed without compromising on the quality of the product. Hence, they are executing progressive measures to help grow the overall demand of the products listed under the global Space Agriculture market.

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Key Players Included in Space Agriculture Market are:
CASC
NASA

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type, the Space Agriculture market is segmented into
Plant
Seed

Segment by Application
Scientific Research
Agriculture

There are many industries that have already accepted the efficiency of the products and are implementing it for their businesses to experience a progressive hike. As a result, the industries put their trust in the primary key players who are also reputed brands across various regions. The essential players do the promotions and even handle the sales to generate revenue for the overall global market. They make sure that the supply chain of the products under the global Space Agriculture market runs seamlessly without much interruptions related to quality or shortage in stock. Therefore, the key players keep their brand reputation intact with all the positive implementations along with the quality manufacturing of the products.

The report focuses on the global Space Agriculture market strength to deal with the upcoming fluctuations. The report states the preparatory measures taken by the global Space Agriculture market for upgrading the selling and promoting methods to retain the lost consumers and bring new ones as well. Along with that, the report also focuses on the regional classification that states the market strength across various regions of the globe. The market size of the global Space Agriculture market in the previous forecast period was large, which was the highest of all time. But as the demand has grown stupendously in the past few years, the market size is expected to grow even higher, breaking its own record during the period 2020 to 2026.

Space Agriculture Market Regional Classification 2020

Based on the geographical classification, the global Space Agriculture market is widely spread across various regions that include North America, South America, Europe and Asia-Pacific. The key players across these regions are putting in their collective effort to improvise the products and contribute to enhancing the overall demand and revenue for the global Space Agriculture market.

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Table of Contents – Major Key Points of Space Agriculture Market

1 Space Agriculture Market Overview

2 Global Space Agriculture Market Competition by Manufacturers

3 Space Agriculture Retrospective Market Scenario by Region

4 Global Space Agriculture Historic Market Analysis by Type

5 Global Space Agriculture Historic Market Analysis by Application

6 Company Profiles and Key Figures in Space Agriculture Business

7 Space Agriculture Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Market Dynamics

10 Global Market Forecast

Continued…

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Space communications are in safer hands with SpaceBelt and Red Piranha Partnership

Learn more about Red Piranha's MOU with SpaceBelt

Red Piranha Crystal Eye XDR

Learn more about SpaceBelt

As new networks develop over time, it is imperative that cybersecurity solutions adapt and evolve to meet the growing demands of the industry.”

— Adam Bennett, CEO at Red Piranha

PERTH, WA, AUSTRALIA, November 25, 2020 /EINPresswire.com/ — Red Piranha, Australia's leading developer and manufacturer of advanced cybersecurity technology, has signed a Memorandum of Understanding (MoU) to forge a partnership with Cloud Constellation's SpaceBelt. Working in collaboration to formulate an Information Security Strategy to assist the adoption of SpaceBelt's technology within the government, defence, banking, healthcare, and other related industries.

The MoU includes, but is not limited to co-operation concerning:
• Assisting SpaceBelt in its plans to establish its Australian operations and commercial interests.
• Continue the development of our partnership for future potential collaborations with our CESOC within SpaceBelt's discreet environment.

The partnership with SpaceBelt will see our flagship Crystal Eye XDR platform and our Security Operations Centre be the first line of defence, in the protection of highly sensitive information, using the world's first cloud and data service based entirely in outer space.

Adam Bennett, Chief Executive Officer at Red Piranha, said: "As new networks develop over time, it is imperative that cybersecurity solutions adapt and evolve to meet the growing demands of the industry. Red Piranha is proud to be involved with SpaceBelt in securing the new frontier in cosmic communications."

Space and space technologies are becoming increasingly important in the development of the modern economy. Red Piranha is proud to be working alongside SpaceBelt in providing governments and corporate identities the ability to secure, high-speed global cloud storage networks of space-based data centres, continuously interconnected by an exclusive architecture of low earth orbit satellites.

"We are excited to partner with Red Piranha by bringing next-gen innovative Cybersecurity technology leveraging on Space Infrastructure to the local market. Red Piranha have proven that they have the best expertise and Cybersecurity solutions, products and services and this prove to be a clear win-win for both companies," said Kok Rie Ooi, Managing Director of SpaceBelt Pte. Ltd. "Working together as one team, we shall unlock the full potential suites of Cybersecurity protections instruments to our customers and offer the best path for success in the Cybersecurity landscape."

As businesses industry-wise struggle to cope with the ever-changing cyberthreats, this partnership between Red Piranha and SpaceBelt is committed to providing an effective, efficient solution to the continually evolving cybersecurity landscape.

-ENDS-
Media relations contact:
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Ph: +61 8 6365 0450
E: marketing@redpiranha.net

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Aviation Analytics Market Share to Hit $7,178 Mn By 2023 | Analysis, Sales Revenue, Key players and Future Investment

The sales & marketing segment is expected to exhibit significant increase in the global aviation analytics market during the forecast period.

PORTLAND , OREGON, UNITED STATES, November 25, 2020 /EINPresswire.com/ — The global aviation analytics market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2018, contributing more than two-fifths of the market. However, the market across the Asia-Pacific region is projected to portray the fastest CAGR of 20.3% during the forecast period.

Increased emphasis on competitive intelligence & analytical solutions, rise in aviation passenger traffic, high volume of data generated in the aviation industry, and surge in customer-centricity are the major drivers for the global aviation analytics market. However, diversity of data models according to business need and dearth of analytically skilled workforce hamper the market growth. On the contrary, rise in adoption of analytical solutions in the aviation industry and technological advancements are expected to create lucrative opportunities in the near future.

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Sales & marketing and finance segments jointly accounted for about 55.73% of the global aviation analytics market in 2016, with the former constituting around 31.40% share.

The market report includes an in-depth analysis of the market players such as IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Ramco Systems, General Electric, Aviation Analytics Ltd, Mu Sigma, Booz Allen Hamilton Inc., and Mercator.

On the basis of end-user, the market is categorized into airlines, airports, and others. The airports segment is expected to manifest the fastest CAGR of 16.8% during the forecast period. However, the airline's segment dominated the market in 2016, accounting for more than half of the market.

Based on business function, the market is bifurcated into sales & marketing, finance, maintenance, repair & operations, and supply chain. The sales & marketing segment held the largest share in 2018, contributing more than one-fourth of the market. However, the supply chain segment is estimated to register the fastest CAGR of 18.7% during the study period.

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Top Impacting Factors Such as –

1. Increase in Emphasis On Competitive Intelligence And Analytical Solutions

2. High Volume of Data Generated in the Aviation Industry

3. Increasing Aviation Passenger Traffic

Key Findings of the Aviation Analytics Market :

• The sales & marketing segment is expected to exhibit significant increase in the global aviation analytics market during the forecast period.

• In 2016, the airlines segment accounted for the highest revenue among the other end user in the industry.

• Service segment generated the highest revenue in 2016.

• Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

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Commercial Drones Market
https://www.alliedmarketresearch.com/commercial-drone-market

Commercial Avionics Systems Market
https://www.alliedmarketresearch.com/commercial-avionics-systems-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Small Drones Market Generating Revenue To Cross $13.4 Billion By 2023 | Top Companies and Industry Growth Insights

entertainment agriculture, drones have entered the commercial market. The adoption of aerial drones technology has evolved drastically in the last few years.

PORTLAND , OREGON, UNITED STATES, November 25, 2020 /EINPresswire.com/ — The Objective of the “Global Small Drones Market” report is depict the trends and upcoming for the Small Drones industry over the forecast years. Small Drones Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due development and improvement in the innovation.

The year of 2019 would be-without a doubt-a year of small and commercial drones. After the Federal Aviation Administration (FAA) announced its new rule regarding registration of drones, the number of registered drones has increased nearly 300,000. Moreover, there were remarkable developments regarding compliance frameworks for drones in the European region and countries such as India. This has offered the required boost for the small drones industry.

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From security insurance and from entertainment agriculture, drones have entered the commercial market. The adoption of aerial drones technology has evolved drastically in the last few years. This is one of the major trends in the commercial drones market. The use of unmanned aerial vehicles (UAV) has expanded its customer base, offering a wide range of drones that can perform dedicated tasks according the user’s requirement.

This month, there was a news regarding the decision taken by the emerging military power, India and the mighty U.S. tco-develop small air launch drones. According ta reliable Pentagon official, the countries have identified small air-launch UAV along with a lightweight small arms technology project increase defense capabilities. Moreover, the U.S. and India recently had their round of Defense Technology and Trade Initiate (DTTI) talk in Washington. However, the military sector is not the only field that demands high-end and technologically advanced UAVs.

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North America and Europe, together accounted for about 64.6% of the total small drones market in 2016, with the former constituting around 37.4%. From a growth perspective, Asia-Pacific and LAMEA are the potential markets, expected witness a considerable increase in growth rates during the forecast period. At present, these segments account for 35.4% of the small drones market. Their cumulative contribution in the overall market of the Asia-Pacific and LAMEA regions is anticipated teach 36.8% by 2023, owing thigh market growth over the next seven years. Asia-Pacific is expected grow at a lucrative rate of 12.5% during the forecast period.

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Key Market Players Profiled

Lockheed Martin Corporation
Aerovironment Inc.
Elbit Systems, Ltd.
Parrot SA
3D Robotics Inc.
BAE Systems, Inc.
The Boeing Company
SAAB AB
Thales Group
Textron Inc.

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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https://www.alliedmarketresearch.com/commercial-drone-market

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Airport Stands Equipment Market Share Will Hit $1,547 Million By 2023 | Growth With Recent Trends & Demand

Airport Stands Equipment Market

Airport Stands Equipment Market

The preconditioned air unit segment is expected to exhibit significant increase in the global airport stands equipment market during the forecast period.

PORTLAND , OREGON, UNITED STATES, November 25, 2020 /EINPresswire.com/ — Airport stands equipment Market by Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global airport stands equipment market was valued at $1,096 million in 2016, and is projected to reach at $1,547 million by 2023, growing at a CAGR of 5.20% from 2017 to 2023.

Continuous rise in global freight and passenger traffic, modernization of airports, and high demand of new aircrafts drive the growth of the global airport stands equipment market. However, long shelf life of airport stand equipment and dearth of skilled workforce hampers the market growth.

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Based on type, the boarding bridges segment led the airport stands equipment market in 2016, and is projected to maintain its dominance in the future. However, the preconditioned air unit segment is expected to witness the highest growth, owing to its increased adoption due to different initiatives taken by countries to reduce the carbon emission of aircraft on the ground.

High Demand for New Aircraft
Surge in demand for new aircrafts across the world is projected to drive the growth of the market. For instance, according to Airbus Global Market Forecast, air traffic is expected to double over the next 15 years due to strong and resilient passenger traffic growth. Moreover, this would lead to deployment of 34,900 new aircraft by 2036, of which 34,170 will be passenger aircraft and 730 will be freighters. Asia-Pacific is expected to account for 41% of the total demand, with the US and Europe jointly representing 36%.

Rise in Greenfield and Brownfield Airport Projects
Greenfield airport project is a terminology defining construction of new airports on a greenfield land, whereas brownfield airport involves the modification or upgrade of airports as per the global standards. Continuous rise in greenfield and brownfield airport projects in the developing economies is expected to provide lucrative opportunities for the market. For instance, the airport infrastructure in India has witnessed improvisation and expansion of airports on a massive scale due to increase in support from private participants.

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Key Market Players
* Aero Specialties, Inc.
* Airport Equipment
* FMT Aircraft Gate Support Systems AB
* Textron Inc.
* JBT Corporation
* Cavotec SA
* ThyssenKrupp AG
* ADELTE Group S.L.
* HDT Global
* ShinMaywa Industries, Ltd.

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Automotive Wiring Harness Market: Development & Increase in Usage of Aluminum Wiring Harness

Allied Market Research

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Global automotive wiring harness market was valued at $66,543 million in 2015, and is expected to reach $93,069 million by 2022, says Allied Market Research.

PORTLAND, OR, UNITED STATES, November 25, 2020 /EINPresswire.com/ — The automotive wiring harness market is driven by the rapid growth of automobile industry owing to various technologically advanced features implemented in vehicles. High competition exists among car manufacturers to design cars with various safety features and electronic gadgets. In contrast to the conventional wiring methods, automotive wiring harness provides secure and reliable connections, among such gadgets. In addition, deploying such wiring harness systems improves the fuel efficiency of the vehicle and complies with the ongoing government regulations for fuel usage and emissions. These advantages of automotive wiring harness in turn is fueling the market growth. However, overheating or short circuit of the wiring harness in regions with extreme climatic conditions, such as rain and snow results in high cost of replacement of the entire, which are restraining the market growth. The increase in use of safety sensors, such as blind spot detection and automated steering control systems, provides numerous opportunities for market expansion.

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Asia-Pacific and Europe are the potential markets for the growth of automotive wiring harness. Moreover, rise in use of aluminum to manufacture wiring harness further supplements the market growth. In addition, rise in demand for electric vehicles and proactive government initiatives are anticipated to provide various opportunities for growth. Incorporation of these systems in passenger cars and two wheelers is expected to increase rapidly in the coming years.

According to a new report published by Allied Market Research, titled, Automotive Wiring Harness Market by Application Type and Vehicle type: Global Opportunity Analysis and Industry Forecast, 2014-2022, the global automotive wiring harness market was valued at $66,543 million in 2015, and is expected to reach $93,069 million by 2022, growing at a CAGR of 5.1% during the forecast period. The passenger cars segment is anticipated to dominate the market throughout the analysis period. Asia-Pacific accounted for approximately 45% share of the global market in 2015, and is projected to lead in the future.

Automotive wiring harness is an assembly of cables or wires that transmit signals or electrical power. They are bound together by straps, cable ties, sleeves, cable lacing, electrical tape, or a combination of these systems. Wiring harnesses are usually designed according to geometric and electrical requirements. Automotive wiring harness is better safeguarded against the impact of vehicular vibrations as compared to the individual electric wires in an automobile. Moreover, this harness is more secure from abrasions and moisture. The automotive wiring harness industry is witnessing technological advancements to increase the efficiency of the harness. The price of automotive wiring harness has declined in recent times due to falling copper prices (one of the raw materials) and several lawsuits against the price control practice by the key manufacturers. This reduction in price has further increased the demand for automotive wiring harness globally.

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By application type, the automotive wiring harness market is divided into body wiring harness, engine wiring harness, chassis wiring harness, HVAC wiring harness, and sensors wiring harness. Chassis wiring harness accounted for the highest revenue in 2015, owing to its high adoption rate and large number of global manufacturers. Moreover, HVAC wiring harness segment is anticipated to witness the highest CAGR of 6.2%.

By vehicle type, the automotive wiring harness market is divided into two wheelers, passenger cars, and commercial vehicles.

The passenger cars segment accounted for about 52% market share in 2015, and is anticipated to register a CAGR of 4.9%, owing to their rise in sales globally and high adoption rate of advanced & lightweight wiring harness by automobile manufacturers. Two wheelers are anticipated to witness a high growth rate of 7.2% during the forecast period, due to their high electrification.

Asia-Pacific accounted for the highest revenue in 2015, and is anticipated to grow at a CAGR of 5.3%, owing to the increase in use of speed sensors wiring harness and HVAC wiring harness due to high demands for premium vehicles and rise of upper middle class in Asia-Pacific. Europe is projected to grow at the highest CAGR of 5.5% owing to stringent regulations enforced by government about vehicular emission control.

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Key Findings of the Automotive Wiring Harness Market
In 2015, passenger cars led the overall automotive wiring harness market, generating revenue of $34,284 million, and is estimated to grow at a CAGR of 4.9%.
Two wheelers market is anticipated to grow at the highest CAGR of 7.2% during the forecast period.
In 2015, chassis wiring harness lead the overall market, with $22,593 million, and is expected to maintain its dominance ahead as well.
HVAC wiring harness segment is anticipated to witness the highest CAGR of 6.2%.
Asia-Pacific dominated the market, generating revenue of $30,163 million in 2015, and is projected to grow at a CAGR of 5.3%.
Europe is anticipated to grow at the highest CAGR of 5.5%.
The key players profiled in the automotive wiring harness market include Delphi Automotive LLP, Furukawa Electric Co. Ltd., Sumitomo Electric Industries, Ltd., Lear Corporation, THB Group, SPARK MINDA, Samvardhana Motherson Group, Nexans Autoelectric, Yazaki Corporation, and Yura Corporation.

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David Correa
Allied Analytics LLP
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Source: EIN Presswire

Start-up Avatar Airlines Delivers LOI to Thai Airways to Purchase 10 Boeing 747-400s

Avatar Airlines

Company offers equity stake in exchange for aircraft

We’ve developed a creative and considerable investment opportunity for Thai Airways to … potentially realize a far greater return than if the aircraft were simply liquidated for cash”

— Barry Michaels, Avatar founder and CEO

BOCA RATON, FL, UNITED STATES, November 24, 2020 /EINPresswire.com/ — Ultra-low fare newcomer Avatar Airlines has stretched its wings across the globe and extended a letter of intent to Thai Airways to acquire 10 long-haul Boeing 747-400 aircraft.

“We’ve developed a creative and considerable investment opportunity for Thai Airways to convert some of its unused and off-lease wide-body aircraft and potentially realize a far greater return than if the aircraft were simply liquidated for cash,” said Avatar’s founder and Chief Executive Officer Barry Michaels. Due to the nature of the deal, specific terms were not disclosed.

Avatar plans to operate scheduled service between major city pairs throughout the United States and Hawaii with routes including popular domestic vacation destinations and large family-oriented attractions.

Avatar has issued a private placement memorandum to raise $300 million by offering 20 million shares of Series A Convertible Preferred Stock at an initial price of $15 per share. Qualified investors may purchase a minimum of 5,000 shares, with special “pre-takeoff” incentives for the first 25 investors, as outlined in the company’s investment documents, which are available on its website. Three webinars have been scheduled In December for potential investors to learn more about the offering. To register, go to https://event.webinarjam.com/channel/AvatarInvestWebinar.

“Our offer to Thai Airlines is part of a bigger partnership opportunity that we believe will not only accelerate Avatar’s plans to start flying within 12-18 months,” said Michaels, “but also position Thai Airways for a codeshare entry into the U.S. market and a long-term relationship between our two companies.”

The long-haul 747, known in aviation circles as “Queen of the Skies,” remains highly popular among experienced travelers and offers a roomy cabin built to accommodate as many as 581 comfortable seats. Its considerable cargo space also enables more efficient point-to-point commercial hauling of storage containers and pallets, ideal to meet the growing needs of e-commerce retailers and customers.

Florida-based Avatar plans to be a U.S. leader in ultra-low passenger fares – 30 percent to 50 percent lower than competitors’ regular fares, with no baggage or change fees. The airline also plans to generate income through a number of other revenue streams, including external and in-flight advertising, cargo transportation and partnerships with popular attractions and vacation destinations.

For more information about Avatar Airlines, visit avatarairlines.com.

About Avatar Airlines
Avatar Airlines believes it’s time to fly big again. Powered by an experienced team of leaders and flight operations professionals, Avatar plans to revolutionize the airline industry by transforming the traditional long-haul Boeing 747 aircraft into an innovative, cost-efficient supersized passenger and cargo airline brand. For more details, visit avatarairlines.com.

Peter Tosches
Avatar Airlines
901-484-3144
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New Airline Coming


Source: EIN Presswire