Industrial Air Filtration Market Analysis and Segment Forecasts to 2020

The Global Industrial Air Filtration Market is expected to reach USD 6.23 billion by 2020, according to a new study by Grand View Research, Inc. Stringent regulations and the need to comply with several emission standards is expected to impel market demand over the forecast period. Industrial air filtration systems enhance the health and safety aspects of operating a pressurized system, thereby increasing the supply reliability while minimizing the risk of lost of production, which is also expected to drive market growth over the forecast period. Further, an effective industrial air filtration system helps save energy by considerably reducing energy consumption across several industrial applications. They also improve overall system reliability and improve manufacturing processes, thereby offering avenues for market growth.

Industrial air filtration systems are also used to remove different types of air-borne contaminants from the various manufacturing stages. They also remove any odors and oil vapor or any dust particulates. A few specialized filters such as high-performance HEPA filters help remove germs and viruses thereby producing sterile air, and are expected to fuel market demand over the next six years.

Global industrial air filtration market by product, (USD Billion), 2012 – 2020

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Further key findings from the study suggest:

• HEPA filters are expected to witness high growth over the forecast period. The segment accounted for over 20% of the overall market in 2013. HEPA filters have found extensive usage across several applications, and exhibit high penetration. The primary technical benefits derived HEPA filtration technology include, greater machine availability and reliability, maintenance of high initial power output, improved efficiency, increased component life, zero production downtime and lower emissions.
• On account of several regulations pertaining to occupational safety, metal processing is expected to witness significant growth over the forecast period. Presence of fumes, dust and vapor in the metal processing industry needs an efficient filtering solution to protect employees, improve manufacturing quality and to comply with emission standards.
• Europe accounted for over 25% of the global industrial air filtration market in 2013. Several norms and standards aimed at reducing emissions are expected to drive the regional market demand.
  Key market players include Clarcor Inc., Donaldson Company, Cummins Filtration, Camfil and Pall Corporation. Investing in R&D, new product development, sales and marketing activities so as to gain competitive advantage forms a part of core business strategy. Manufacturers emphasize on providing an extensive product portfolio with varying profit margins.

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In-Flight Entertainment and Connectivity (IFEC) Market Analysis and Segment Forecasts to 2024

The global In-Flight Entertainment And Connectivity (IFEC) market size is expected to reach USD 9.82 billion by 2024, according to a new report by Grand View Research, Inc. The emergence of BYOD and development of novel wireless solutions are expected to boost market growth. The increasing commercial aviation & fleet expansion have further bolstered industry growth. Growing availability of HD content across dynamic platforms are expected to increase IFEC systems’ demand.

These systems can be categorized on the basis of product into hardware, connectivity, and content. Hardware is divided into portable and fixed while content is classified as streamed and stored. The portable hardware segment is expected to grow at a remarkable pace owing to the enhanced customer experience the devices offer.

Recent administrative regulations pertaining to the IFEC integration into aircraft in countries such as the U.S. are further expected to throttle industry growth. These regulations restrict the in-flight entertainment & connectivity integration to a certain degree to offer safe travel to passengers by minimizing the possibility of mishaps associated with the cabling and weight of these systems.

North America IFEC market revenue by product, 2014 – 2024 (USD Million)

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Further key findings from the report suggest:

• Opportunities are presented by the market owing to the launch of innovations such as high throughput satellites in the Ka band and Ku band. This innovation is expected to increase the data speeds for connectivity and make the service provision cost efficient. With pressure rising in the airline sector as the major players are adopting cabin connectivity, other players need to adopt it to stay competitive.
• The number of narrow body application planes in North America and Asia Pacific is multiplying with intense competition in the airlines industry, as a result of which the demand for these systems is to be significant in this segment. The U.S. and Canada are attractive markets on account of high flight connectivity and development in the technology followed by Europe.
• The Asia Pacific in-flight entertainment and connectivity industry is expected to grow at a CAGR of close to 20% from 2016 to 2024. As the industry is dynamic, upgrades of the existing infrastructure incur high operational costs, installation time, and certification requirements. For embedded systems, it is thus necessary to ensure high returns on investment made in the infrastructure. The Bring Your Own Devices (BYOD) segment imposes logistical requirements and the need for updating & maintaining consistency across the fleet increases technological complexity.
• Key industry participants include Cobham Plc., Global Eagle Entertainment Inc., Lufthansa Systems AG, Iridium Communications Inc., Thales Group S.A., OnAir, Viasat Inc., Gogo LLC, Panasonic Avionics Corporation, and Zodiac Aerospace S.A. The hardware suppliers are anticipated to dominate the content delivery industry to offer exclusive content, along with creating new revenue streams for airlines. In addition, they concentrate on evolving data storage competencies or collaborating with data centers to increase data volumes.

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Digital Camera Market Analysis and Segment Forecasts to 2020

The global market for digital cameras is expected to reach USD 19.77 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for interchangeable lens cameras with higher selling prices is expected to fuel industry growth over the forecast period. These include digital single lens reflex cameras (DSLR) as well as non-reflex cameras, also referred to as mirrorless cameras. Increasing replacement demand coupled with technological enhancements such as Wi-Fi-enabled cameras is expected to favorably impact the market.

The trend of sharing images over the internet and availability of image processing tools has given impetus to the market. Widespread adoption of internet services and surge in social networking activities is expected to further bolster industry outlook. However, proliferation of smartphones globally is a major concern for industry participants, on account of the ready availability and convenience offered by smartphone cameras. The value chain consists of manufacturers of digital cameras and associated parts, as well as retailers or distributors.

Global Digital Camera Unit Shipments, by Product Segment, 2012

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Further Key findings from the study suggest:

• Global digital camera unit shipments were estimated to be 98.6 million units in 2012, and is expected to reach 171.7 million units by 2020
• Built-in lens cameras accounted for over 78% of the overall shipments in 2012. Interchangeable lens cameras contributed to over 50% of the market revenue in 2012, which can primarily be attributed to high selling prices of these products. Digital Single Lens Reflex (DSLR) cameras occupied over 80% of the market in 2012; however, they are expected to lose market share with an estimated CAGR of 3.8% from 2013 to 2020.
• Asia Pacific is expected to be the largest and fastest growing regional segment, and is estimated to grow at a CAGR of 8.1% over the forecast period to account for approximately 36% of the global market by 2020. This can primarily be attributed to rising purchasing power and relatively lower product penetration. Compact cameras with built-in lenses accounted for over 75% of regional shipments. Mirrorless cameras are also compact in nature as compared to DSLRs, and have been witnessing growth in countries such as Japan and China.
• The market is dominated by Japanese participants; Canon Inc. and Nikon Corporation account for majority of the overall market share. Key players also include Sony Corporation, Samsung Electronics Corporation, Fujifilm Holdings, Olympus Corporation and Ricoh Imaging Company among others. Manufacturers have been focusing on the high-end product segment in order to stay competitive in an ecosystem characterized by changing user trends.

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Automotive Tire Market Analysis and Segment Forecasts to 2024

The global automotive tire market size is expected to reach USD 374.22 billion by 2024 according to a new report by Grand View Research, Inc. Increasing automotive sales especially in countries such as China, India, Japan, and South Korea is anticipated to favorably impact the global automotive tire market over the forecast period. This growth can be attributed to rising disposable income and improvement in the overall lifestyle of consumers.

Technological proliferation and the development of the innovative and environment-friendly green tires have opened up broad growth avenues for the industry participants. Moreover, increasing radial tire up gradation activities owing to its benefits such lesser vibrations, reduced fuel consumption and extended tire life due to less heat generated has favorably impacted the industry growth.

However, stringent emission norms by governments and regulatory authorities worldwide are expected to challenge demand. For example, on September 1, 2010, the California Air Resources Board’s (ARB’s) Tire Pressure Regulation was formulated to reduce greenhouse gas emissions from vehicles operating with underneath inflated tires by inflating them to the suggested pressure rating.

Asia Pacific Automotive Tire Market Revenue by Type, 2014 – 2024 (USD Billion)

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Further key findings from the report suggest:

• Two wheelers segment is anticipated to grow at CAGR of over 7.5% from 2016-2024. Increasing demand for two-wheelers across the developing countries such as India and China will contribute to the segment growth.
• Increasing manufacturing and infrastructure building activities have spurred the sales of light commercial vehicles (LCV). Growing number of LCVs in Europe has led EU regulatory bodies and OEMs to enhance and improve the safety aspects of LCVs. The passenger car segment dominated the industry with over 40% revenue share in 2015 owing to the increasing advancements and innovations such as Plug-in cars.
• The tire industry has witnessed a remarkable shift from the traditional to the technically advanced radial products. Radialisation of the truck tire market is anticipated to fuel the demand over the forecast period. In 2012, manufacturers in China produced over 50% of the global radial truck tires industry.
• Stringent government guidelines worldwide are expected to regulate the global automotive tire market over the coming years. Asia Pacific dominated the industry contributing to over 40% of the global revenue in 2015. The presence of several prominent automobile manufacturers and ancillaries in the region is expected to generate high demand over the forecast period.
• Key industry participants include Bridgestone, Continental, Goodyear, Michelin, Pirelli and Sumitomo. Manufacturers are gradually adopting innovative production techniques to gain a competitive advantage over others. Vendors are now adopting modern supply chain and distribution strategies such as e-commerce and retail chains to reach efficiently the end-user apart from the conventional supply to automobile assemblers and aftermarket industry.

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Homeland Security Market Analysis, Size and Growth to 2024

The global homeland security market size is expected to reach USD 452.46 billion by 2024 according to a new report by Grand View Research, Inc. Technological advances in homeland security across the globe are expected to drive the market over the forecast period. Asia Pacific is anticipated to witness considerable growth owing to the advancements across emerging economies such as China and India. Currently, police modernization along with tackling terrorism is the largest growing segments in India with the increasing annual spending.

Manufacturers in the homeland security market are increasingly adopting mergers & acquisitions as a part of their growth strategy. For example, in 2015, Harris Corporation acquired Exelis Inc., which brings a strong portfolio of complementary technologies. The acquisition also significantly enhances the company’s position as one of the primary provider of mission-critical solutions while expanding channels and product offerings to the growing customer base.

The Homeland Security Advanced Research Projects Agency (HSARPA), established by the Homeland Security Act of 2002, supports fundamental research to create revolutionary changes in new capabilities, technologies and risk & threat assessments for the Homeland Security Enterprise (HSE). It uses modernization and innovation for scientific progress and produces front-line products. These products support DHS components such as the U.S. Secret Service, U.S. Customs and Borders Protection, the U. S. Coast Guard, and the Transportation Security Administration.

Asia Pacific Homeland Security Market Revenue by Type, 2015 – 2024 (USD Billion)

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Further key findings from the report suggest:

• Cyber security is anticipated to grow at a CAGR of over 5.5% from 2016 to 2024, owing to the increasing number of cyber crimes and rising privacy concerns. Cyberspace and its essential infrastructure are vulnerable to a wide range of risk increasing from both physical and cyber threats & hazards.
• The maritime segment accounted for over 8% of overall revenue share in 2015, which is expected to grow over the forecast period. It has become critical due to the rising number of maritime threats, sabotage, piracy and unlawful acts. During recent years, maritime terrorism has drawn considerable attention in the marine sector. Incidents of maritime terrorism are very few as compared to piracy. However, it attracts more media attention due to the involvement of greater loss of life, property and consequential economic losses.
• Aviation segment is expected to witness substantial growth at CAGR of nearly 5% over the period of 2015 to 2024. Airport safety has undergone enormous transformations after the terrorist activities across the globe. Also, it has endured significant improvements regarding protection. Several airports such as ODG (Paris), Munich, Chhatrapati Shivaji Airport (India) and Narita (Tokyo) are the examples of the change in airport protection technologies.
• Stringent government guide lines worldwide are expected to regulate the global homeland security market over the future. North America dominated the industry contributing to over 25% of the global revenue in 2015. The presence of several prominent homeland safety solutions manufacturers in the region is expected to generate high demand over the forecast period.
• Key industry participants include FLIR Systems Inc.,Elbit Systems Ltd., General Dynamics Corporation, L-3 Communications Holding Inc., Harris Corporation, Megal Security Systems Ltd., Safran SA, Raytheon Company, Thales SA and Unisys Corporation. Manufacturers are steadily adopting innovative production techniques to gain a competitive advantage over others.

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Commercial Flooring Market Analysis, Size and Growth to 2020

The Global Commercial Flooring Market is expected to reach USD 166.63 billion by 2020, according to a new study by Grand View Research, Inc. Technological advancements have led to the development of new innovative products and hassle-free installation techniques, which has considerably widened the scope across residential, commercial and industrial flooring applications. Increasing demand in the construction industry is expected to be the key driving force for the market over the next six years. Development and use of eco-friendly flooring materials such as Polyester (P.E.T) Berber, linoleum, cork, reclaimed hardwood, bamboo, glass, and rubber is expected to positively impact the commercial flooring market.

Raw material costs have had a significant impact on the commercial flooring industry. Along with the issue of transportation cost, manufacturers have to deal with increasing fossil fuels prices as a result of which their margins have shrunk to a large extent. Carpet and resilient flooring are largely derived from fossil fuels.

Global commercial flooring market by product, 2012 – 2020

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Further key findings from the study suggest:

• The resilient category is poised for high growth over the next six years. Vinyl sheets goods are predominantly used in education and healthcare, with the latter accounting for substantial quantity usage of homogeneous sheet in clinical settings. Luxury vinyl tiles (LVT) have made swift penetration in all application sectors. LVT has increasingly replaced vinyl composite tiles (VCT) in back office applications, break rooms, corridors and cafeterias.
• Carpets’ penetration into the commercial flooring sector is higher than that in the residential sector. Although residential carpet primarily comprises broadloom, carpet tiles have made inroads into the commercial sector. Porcelain comprises a majority of the ceramic commercial flooring market owing to its inherent characteristics such as stain resistance and high temperature tolerance. Laminate and hardwood are used in niche commercial flooring applications.
• Commercial offices accounted for a substantial market share in 2013, with significant demand originating from both, owner-occupied spaces and tenant improvement. Healthcare is expected to exhibit high growth potential throughout the forecast period with high demand anticipated from medical office buildings, acute care, and senior living categories. Considerable remodeling activity, particularly in higher-end retail stores is expected to play a pivotal role in high commercial flooring demand from the retail sector.
• Asia Pacific captured a sizable amount of the commercial flooring market in 2013, which can be primarily attributed to growing infrastructure facilities and rapid urbanization in the region. Steady demand from education and healthcare sectors supplementing increasing demand from the corporate section has driven the North American commercial flooring market.
• Key commercial flooring market players such as Armstrong, Forbo, Mohawk, Nora, and Interface Global are constantly evolving and innovating in a bid to maintain competitiveness. Manufacturers have emphasized on developing display and distribution systems to aid consumers in choosing the appropriate product.

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Process Spectroscopy Market Analysis, size and Growth to 2022

The global process spectroscopy market is expected to reach USD 1.27 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government initiatives to heighten quality awareness on a global level is expected to contribute to revenue growth.

Technology development and price is anticipated to be the critical parameter affecting the industry. Popularity of portable or handheld technology products is anticipated to drive gains over the forecast period.

Process spectroscopy market is anticipated to witness growth owing to rising quality awareness among end-use industries. These instruments are used to analyze, monitor, and control process along with identifying defect at an early stage to avoid production delays. Increasing trend for reducing operation expenditure is anticipated to drive industry growth.

Industry participants are increasing adopting spectroscopy instruments to enhance their product quality and adhere to international quality standards such as ISO and Six Sigma. Companies such as Boeing, 3M, Hewlett Packard (HP), General Electric (GE), and Lockheed Martin have implemented Six Sigma to minimize error in manufacturing and gain operational effectiveness.

North America process spectroscopy market share by technology, 2012 – 2022 (USD Million)

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Further key findings from the report suggest:

• Near Infrared (NIR) accounted for over 60% of the revenue in 2014 and is expected to remain the key technology segment over the forecast period. Raman spectroscopy market is anticipated to show high potential. Products that can offer combined functionality of the available technologies are expected to gain popularity.
• Pharmaceutical is anticipated to be key end-use segment over the forecast period, with an estimated CAGR of over 8.0% from 2015 to 2022. The polymer application segment is anticipated to witness growth owing to high demand, stringent quality parameters, and availability of customized products.
• Pharmaceutical industry in the U.S. is anticipated to show increase in demand owing to Process Analysis Technology (PAT) initiative by the Food and Drug Administration (FDA). Asia Pacific process spectroscopy market is anticipated to show high growth potential owing to presence of fast growing nation such as Japan, China and India. “Make in India” initiative is anticipated to open new avenues for industry players.
• Key industry players include Thermo Fisher Scientific, Inc., Bruker Corporation, ABB Ltd, Danaher Corporation, Agilent Technologies Inc., Foss A/S, and Horiba Industries. Companies such as Bruker Corporation, ABB Ltd., Thermo Fisher Scientific, Inc., and Agilent Technologies, Inc. are key players in the chemical application segment. In May 2012, Thermo Fisher Scientific introduced Nicolet iS50, which can initiate novel Raman, ATR, and NIR modules, without needing to manually change system components.

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Commercial Telematics Market Analysis, Competitive Strategies, and Forecasts, 2015 To 2022

Telematics are the cornerstone of efficient logistic systems as well as fleet management systems. The global market size for commercial telematics is anticipated to exceed USD 45.0 billion by 2022. Rising fuel prices along with advancements in mobile connectivity across the automotive segment provides several growth opportunities.

High demand for connected vehicles is one of the primary factor expected to fuel market demand over the next seven years. The technology is matured in developed regions including North America and Europe; however market penetration for the same is somewhat on a lower side.

Aftermarket telematics is expected to capture a sizeable market share in 2014, which may be attributed to a surge in demand for applications including infotainment and satellite navigation. However, over the next few years the OEM telematics segment may witness high demand in comparison to aftermarket telematics owing to increasing partnerships among telematics service providers and automobile manufacturers.

Government mandates pertaining to the installation of GPS trackers and satellite navigation play a key role in driving market demand. Further, installation of telematics solutions in light commercial vehicles has been mandated in several regions, which is expected to drive the demand for embedded OEM telematics segment over the forecast period. In 2014, the segment accounted for more than 60% of the overall OEM telematics market share.

Telematics adoption by commercial fleets has several benefits as the technology empowers fleet-based organizations to lower fuel consumption. Recent, upsurge in internet and cellphone usage has drastically led to a decline in cost for mobile terminals and telecom charges. On account of which the telematics market is expected to witness high growth across the commercial vehicle segment over the foreseeable future.

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Key competitors in this market place are largely focused on location and tracking-based products. However, new entrants are now focusing on computational science and data analytics software that these systems utilize to provide more advanced products to its customers.

In recent times, fuel price volatility has impacted the commercial vehicle industry adversely. This has also created a demand for several innovative applications that allow fleet-wide fuel optimization and is anticipated to impel the demand for telematics systems across the commercial fleet segment over the next seven years. Further, driver monitoring and safety is poised to emerge as a new application area, which may drive innovation and development across the telematics segment.

The market has a clear demand for advanced decision support systems, which is expected to take telematics services and their applications to a level where a large segment of regional, as well as local long-haul commercial fleet subscribers, can be attracted. Fleet managers often under the impression, that telematics services merely provide a large volume of data with little or no actionable information, which may pose a challenge to the industry growth. Therefore, creating a sense of awareness among the commercial fleet owners in regards to the solution benefits is pivotal to fuel market demand.

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LiDAR Market Analysis, Size and Growth to 2022

The global LiDAR market is expected to reach USD 944.3 million by 2022, according to a new study by Grand View Research, Inc. Technological advancements in automated processing ability in image processing and data processing capabilities are anticipated to be the major factors to spur growth.

Rising government initiatives towards the adoption of these systems and increasing automation leading to reduced human efforts are also expected to drive demand. The LiDAR market is expected to witness significant growth owing to large infrastructure investments along with the need for road mapping.

LiDAR technology applications in government and commercial areas, which include railways, roadways management, and forestry, are also expected to spur growth owing to increasing demand for adoption of technology coupled with 3D imagery solutions over the forecast period. This technology has witnessed major evolutions with surge in eminence of laser beams driving the demand. 3D imaging and scanning are considered to be its major application, which are frequently used in the healthcare, manufacturing, and automotive sectors. It has successfully acquired the clientele of photogrammetry systems due to its higher accuracy and subtle operational deliverance. Surging applicability of UAVs in commercial operations is directly linked to industry growth.

Increased adoption of direct visualization using point splatting, façade modeling using LASERMAPs, and automated indoor modeling are some of key factors expected to drive the demand over the forecast period. Increasing speed of acquisition, better handling of sensors, and higher accuracy would have a major impact on the general use of low-cost mobile mapping systems.

North America LiDAR market by product, 2012 – 2022 (USD Million)

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Further key findings from the study suggest:

• Terrestrial LiDAR market accounted for over 30% of the overall revenue in 2014 after airborne systems. Terrestrial systems offer remote acquisition and measurement increasing efficiency & safety of surveys and high point density data ensuring depiction of topography.
• Mobile mapping industry is anticipated to exhibit significant growth, growing at a CAGR of over 25% from 2015 to 2022. Increased penetration rate of mobile communication devices has compelled service providers to provide enhanced network coverage with high cost-benefit ratio.
• North America LiDAR market is expected to have substantial share in terms of revenue over the forecast period. This may be primarily attributed to increasing adoption of 3D imagery technologies by the government in the region.
• Notable companies operating in the LiDAR market, such as Phoenix, Quanergy, and Velodyne provide varied data collection solutions. The key participants offer professional training and equipment deployment services in the art of data acquisition. Mergers and acquisitions are being adopted by the key players to extend their share across the globe. For example, Velodyne launched VLP-16 also known as the Velodyne Puck, which is capable of achieving 16 channels of data with 300,000 measurements per second. This technology has been incorporated into Phoenix Aerial System’s solution for UAV-based mobile mapping, combining high-end IMU with differential GPS along with Velodyne Puck device.

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Automotive HVAC Market Analysis, Size and Growth to 2022

The global automotive HVAC market size is anticipated to reach USD 22.12 billion by 2022, according to a new study by Grand View Research, Inc.

Price, energy efficiency, and technological advancement are key factor affecting buying behavior. Development of eco-friendly solutions owing to rising environmental concerns and lower the carbon footprints is expected to provide competitive advantage to industry players.

Industry players make huge investment in research and development to enhance their offering and gain competitive edge for instance; initiatives are taken to lower weight and size of system for better adaptability Increasing demand for private vehicle owing to growing car rental industry and rising average time spent in vehicles is anticipated to boost industry growth. Additionally, easy automobile finance schemes may also favor the global market.

U.S. automotive HVAC market by technology, 2012 – 2022 (USD Million)

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Further key findings from the study suggest:

• Passenger car segment is expected to witness increase in demand owing to improving road infrastructure worldwide and is estimated to grow at a CAGR of around 8% over the forecast period. Increasing personnel mobility needs and growing urbanization is expected to boost passenger HVAC demand over the forecast period. Popularity of electric or hybrid vehicle is also anticipated to contribute to the overall revenue growth.
• Macroeconomic condition and regulation such as mining ban in India may affect the demand of Heavy Commercial Vehicle (HCV). Increasing LCVs demand particularly in rural areas is expected to open new growth opportunities for the segment growth.
• Asia Pacific automotive HVAC market is estimated to show growth owing to rising middle class population and increasing disposable income. Presence of developing economies such as India and China is expected to boost industry growth over the next seven years. Increasing adoption of premium automobile brands in developing nation such as India and Brazil may also provide growth opportunities for industry players.
• According to Valeo Group, number of vehicle produced in China has doubled since 2007, with more than 23 million vehicle productions in 2014, which accounted for 27% of global production. North America automotive HVAC market is anticipated to grow at a CAGR of over 7.5% from 2015 to 2022.
• The key industry participants include Denso Corporation, Hanon Systems, Mahle Behr GmbH, Valeo Group and Japan Climate Systems Corporation. Other prominent vendors include Air International Thermal Systems, Sanden Holdings Corporation, Calsonic Kansei, DelStar Technologies, Brose Fahrzeugteile GmbH & Co. Kg, Engineered Plastic Components, Johnson Electric, and Sensata Technologies.
• In October 2015, Aotecar New Energy Technology Company Ltd acquired Air International Thermal Systems to offer integrated air-conditioning systems to automobile manufacturers. In December 2013, Air International Thermal Systems and Tata Toyo Radiator Limited signed a joint venture to provide HVAC systems to the Indian automotive industry.
• In February 2015, Delphi entered into a definitive agreement with MAHLE GmbH to sell its thermal business for USD 727 million. This acquisition has helped Mahle Group to increase its market penetration and enhance its technological capability.

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