Space Tourism Market (2022-2031): Projected 36.4% CAGR and $12,690.6 million USD

According to a new report published by Allied Market Research, titled, “Space Tourism Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the space tourism market size was $598.4 million in 2021 and is expected to reach $12,690.6 million by 2031, registering a CAGR of 36.4% from 2022 to 2031.

The market for space tourism is mostly driven by the rising trend of space tourism across the globe. The market for space tourism is expected to grow faster than expected throughout the projected period as the practice becomes more widely accepted in international markets. In addition, it is anticipated that increasing competition in the space tourism sector will drive down prices. Furthermore, as the orbit is reached by the next-generation space planes, the cost of entering space is anticipated to fall sharply. As a result, the price of launching satellites is probably going to drop significantly, which would lower the overall cost of space exploration operations. As a result, space flight will eventually become a viable economic option.

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The space tourism market shows high growth potential in Asia-Pacific and LAMEA. Significant contributors to the growth of the Asia-Pacific market include the China National Space Administration (CNSA), the Indian Space Research Organization (ISRO), and Japan Aerospace Exploration Agency (JAXA). CAS Space, a Chinese Academy of Sciences (CAS) spinoff, has been developing rockets for commercial satellite launches.

On the other side, the environment is harmed by space travel. Launches of rockets harm the environment in general. Ozone depletion is caused by the discharge of hazardous gases and black carbon (soot particles) into the upper atmosphere by rocket engines using rocket fuels. Some space firms, though, don’t use black carbon as fuel. Rockets powered by liquid hydrogen-hydrogen fuel are used by businesses like Blue Origin’s New Shepard. Burning hydrogen produces water vapor instead of carbon dioxide. Such factors are restraining the space tourism market growth.

The space tourism market forecast is segmented on the basis of type, end use, and region. On the basis of type, the market is divided into orbital and sub orbital. The sub orbital segment accounted for a major space tourism market share in 2021, and is expected to grow at a significant CAGR during the forecast period. Suborbital tourism is on the rise as it allows individuals to experience weightlessness and observe space without actually exiting the Earth’s orbit. As a result, human spaceflight can reach the edge of the universe without entering orbit.

As per end use, the space tourism market analysis is segmented into Government and commercial. The commercial segment accounted for a major share of the market in 2021, and is expected to grow at a significant CAGR during the forecast period. The commercial space tourism market is rising and expected to dominate the market. There were thirteen commercial spaceflight missions undertaken by several private and government organizations, of which seven missions were executed successfully. Billionaires have invested considerable sums in traveling to space and witnessing the Earth from above.

In 2021, North America accounted for 43.7% share in the global space tourism market and is expected to maintain its dominance during the forecast period. However, LAMEA and Asia-Pacific are expected to possess the highest CAGRs, owing to the rising space tourism market trends and Focus on Research and Development (R&D) initiatives by market players.

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The COVID-19 epidemic has had a significant impact on the commercial aviation sector and has prevented many people from travelling for both leisure and business. The growth of the space tourism market has been hampered by the setback in the travel and tourism sector. It is believed that this effect may lengthen space missions and momentarily halt long-haul missions. There are now more options for supersonic and hypersonic flights because to the expansion of corporate jet travel and in-flight connectivity. When compared to other mediums, it has enabled the companies to realize the potential for time savings on long-haul flights.

The major players analyzed for the global space tourism industry is Blue Origin, Virgin Galactic, SpaceX, Airbus Group SE, Boeing, ZERO-G, Axiom Space, Bigelow Aerospace, Orion Span, Space Adventures, Space Perspective, World View Enterprises, Zero2Infinity.

KEY FINDINGS OF THE STUDY

By type, the sub-orbital segment was the highest revenue contributor to the market with $355.3 million in 2021 and is estimated to reach $7,227.7 million by 2031, with a CAGR of 35.8%.
Depending on end-use, the commercial segment was the highest revenue contributor to the market, with $348.2 million in 2021, and is estimated to reach $7,046.4 million by 2031, with a CAGR of 37.7%.
Region-wise, North America was the highest revenue contributor, accounting for $267.2 million in 2021, and is estimated to reach $4,936.7 million by 2031, with a CAGR of 34.6%.

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o Australia Adventure Tourism Market is estimated to reach the market value of $33,519 million by 2027
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o Adventure Tourism Market is estimated to reach the market value of $1,169,095 million by 2028
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o Vacation Rentals market is projected to reach $315 billion by 2031
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Airport Catering Truck Market Post-COVID Business Recovery: Realizing New Opportunities

The global airport catering truck market is expected to have a significant demand growth owing to increase in global air passenger traffic, demand for cost-effective and profitable catering. Developed economies have demonstrated the huge growth potential of aviation industry, being a subset of this gigantic industry airport catering truck market offers an excellent investment horizon for both developed and developing economies. Major objectives of airport catering truck market are to assist inflight catering, loading and unloading of luggage.

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COVID-19 scenario analysis: 

Airport catering truck market has been particularly impacted by global travel ban, closing of airports and grounding of flights, owing to the COVID-19 scenario.

Manufacturers of airport catering truck system are facing procedural problems caused by disruption in supply chain of raw materials & components, caused by the statutory lockdown imposed by authorities to slow down the COVID-19 spread.

Delay in construction and upgradation for on-going projects of airport were induced by the COVID-19 pandemic.

After the COVID-19 outbreak the footfall of passengers has seen a massive decline in this rapidly growing market of aviation industry which further incurred financial losses in maintenance of airlines & airports without revenue growth.

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Proliferating investments in airport infrastructure globally, increase in number of airports, and rise in air transport are the factors that drive the global airport catering truck. Accidents and legal restrictions are restraints for the market growth. Factors such as nimble flight time market, swift operation of the aircraft and multiple flights at the airports further increases the demand of airport catering trucks.

The global airport catering truck market trends are as follows:

Proliferating investments in airport infrastructure globally

Increase in per capita income affected the preferences of people, comfort is among the most valued commodities in travelling nowadays. To address the consumer’s need of comfort the aviation industry is focussed on betterment of the air travel and services associated with it. In 2019, Adani group won the bidding of rights to run public funded Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati airports for 50 years from the central government. Globally airports possess high income generation possibilities and has led to growth in number of investments for the airport catering truck market.

Increase in number of airports

With increase in commercial as well as non-commercial air transport in the emerging and expanding economies, growth in number of airports is often supported strongly by the regulating authorities to provide strategic support for the economic growth in a region or nation. For instance, China’s civil transport airports have reached to 238 in total by the end of 2019, and is expected to reach 241 by 2020’s end. In this day and age of globalization and connectivity air travel is frequently chosen as the best possible way of transport. This increase in demand of air travel in due course gives rise to growth of airport catering truck market.

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Key benefits of the report:

  • This study presents the analytical depiction of the global airport catering truck industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global airport catering truck market share.
  • The current market is quantitatively analyzed to highlight the global airport catering truck market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global airport catering truck market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the airport catering truck market research report:

  • Which are the leading market players active in the airport catering truck market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Airport Catering Truck Market Report Highlights

AspectsDetails
By CapacityBelow 1500 Kg 1500-4000 Kg Above 4000 Kg
By ApplicationCommercial Airports Non-Commercial Airports
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, UK, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersAlVEST, AIR T INC, Rucker Equip. Industriais Ltda, Global Ground Support Equipment LLC., Smith Transportation Equipment, Rucker Equip. Industriais Ltda., DOLL Fahrzeugbau GmbH, Mallaghan Engineering Ltd, Eagle Industries DWC-LLC, Jiangsu Tianyi Airport Special Equipment Co.Ltd

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300cc Motorcycle Market Recent Advancements and Future Challenges

The 300cc motorcycle market has really started to look at motorcycling as a joyous activity, rather than something which fulfills their commuting needs. Most people prefer performance that matches or exceeds the looks of their motorcycle, and the but 300cc bike have loads of both, which make them a popular choice among the bikers. The automotive industry is witnessing significant technological advancements in manufacturing processes, design, and electronics across the globe. The 300cc motorcycle is a new advanced technology incorporated in motorcycles to be provided by both cruising combined with a sporty look along with racing capabilities in the two-wheeler mobility. 

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COVID-19 scenario analysis:

  • The COVID-19 pandemic has limited growth of the motorcycle market with the closure of plants has brought the industry to a standstill and added intense pressure on manufacturers as well as the distributors and supply chain of motorcycle components.
  • The pandemic is set to hit the economy of many countries, there is a chance of a recession period though there are many possibilities of sales going down in many manners.
  • The upcoming launching of many high-tech vehicles has been put to hold in many countries seeking the condition of the pandemic, and will crucially affect the 300cc  motorcycle market in the forecast period.
  • The full extent of COVID-19’s impact on human life, the global economy, and enterprises is not yet known but, it has become an extraordinary catalyst for change in the coming future.
  • In the short-term, people are changing, and enterprises should update their personalization strategies to keep up which quickly update their understanding of individuals’ wants and needs, and quickly retire information that is no longer valid.
  • The dynamics of the COVID-19 which are changing quickly and the inability to visit some physical sites have led to the realization that transparency about employee whereabouts and wellbeing, about goods in transit, and manufacturing has become very crucial.

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Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

The factors such as increase in popularity and demand for cubic capacity motorcycles worldwide, and the adoption of safety and security features boost the growth of the market. However, the lack of Internet of Things (IoT) infrastructure in the Middle East and the developing countries restrain the growth of the 300cc motorcycles industry. Furthermore, advancements in connectivity (cloud & 5G) is expected to provide new lucrative opportunities to the 300cc motorcycle market during the forecast period.

The 300cc motorcycle market trends are as follows:

Increase in popularity and demand for high cubic capacity motorcycles worldwide 

An increase in the strategic alliances among the key players is one of the significant factors for the growth of the 300cc motorcycle market, throughout the forecast period. For instance, some major competitors such as Kawasaki, Honda, Yamaha, and BMW Motorrad have entered into a joint venture to established the 300cc motorcycle market. Moreover, the advancements are anticipated to boost the growth of the motorcycle market and are expected to play a huge role for the market growth during the forecast period. Also, premium motorcycles have gained popularity and sales, which is further expected to drive the growth of the 300cc motorcycle market. 

Surge in bike sales around the World 

There is an increase in the awareness among the bike riders for the medium-range cubic capacity motorcycles. In addition, companies are targeting the Tier II countries for their growth by increasing awareness through roadshows and presence in various popular shows across the roads, which result in more sales leading to the growth of the 300cc motorcycle market.

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Key benefits of the report:

  • This study presents the analytical depiction of the 300cc motorcycle market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the 300cc motorcycle market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the 300cc motorcycle market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed 300cc motorcycle market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the 300cc motorcycle market research report:

  • What are the leading market players active in the 300cc motorcycle market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

300cc Motorcycle Market Report Highlights

AspectsDetails
By End-UserPrivate Commercial
By Sales ChanelOnline Offline
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) LAMEA  (Latin America, MIddle East, Africa)
Key Market PlayersSuzuki Motorcycle, KTM, Ninja, BMW Motorrad, KPIT, TVS Motor Company, Kawasaki, Honda, Yamaha, Bajaj Auto

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Workspace as A Service Market Analysis, Outlook and Deep Study of Top Key Players -2031 | Unisys, Google LLC, VMware Inc., 

According to the report, the global workspace as a service industry generated $6.5 billion in 2021, and is anticipated to generate $28.6 billion by 2031, witnessing a CAGR of 16.4% from 2022 to 2031.

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The increasing demand for flexible and remote working options, the global economic conditions, geopolitical events, and advancements in technology drive the growth of the global workspace as a service market. Moreover, the adoption of cloud computing is presenting new opportunities in the coming years.

Based on component, the solution segment held the highest market share in 2021, accounting for more than two-thirds of the global workspace as a service market and is estimated to maintain its leadership status throughout the forecast period, due to growth in cloud technology for virtual workspace. However, the services segment is projected to manifest the highest CAGR of 18.7% from 2022 to 2031, owing to a surge in outsourcing services among end users.

Based on deployment mode, the public cloud segment held the highest market share in 2021, accounting for more than three-fifths of the global workspace as a service market and is estimated to maintain its leadership status throughout the forecast period due to the easy access and low costs. However, the private cloud segment is projected to manifest the highest CAGR of 20.2% from 2022 to 2031, as the private cloud provides added data security.

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Based on enterprise size, the large enterprises segment accounted for the largest share in 2021, contributing to nearly two-thirds of the global workspace as a service market, and is projected to maintain its lead position during the forecast period. This is owing to an increase in the adoption of workspace technology by various enterprises for smooth and cost-effective operations. However, the small and medium enterprises segment is expected to portray the largest CAGR of 18.4% from 2022 to 2031, owing to a surge in the adoption of cloud-based services, as it provides cost-effective and efficient solutions for SMEs.

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global workspace as a service market, and is likely to dominate the market during the forecast period, owing to the rise in digital infrastructure and presence of key players in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 21.2% from 2022 to 2031, owing to increasing investments in cloud technologies and a rise in the number of SMEs in the region.

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The key players profiled in the workspace as a service market analysis are Amazon Web Services Inc., Citrix Systems Inc., Dell Inc., Dizzion Inc., Evolve IP, LLC, Google LLC, Microsoft, Unisys, Tech Mahindra Limited, and VMware Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the workspace as a service industry.

The report provides a detailed analysis of these key players of the global workspace as a service market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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Lastly, this report provides market intelligence most comprehensively. 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. 

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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Ski Gear and Equipment Market to Explore Excellent Growth in Future 

The ski industry is largely dependent on the snow season. Demand for ski gear is anticipated to rise due to increasing ski infrastructure, rising usage of helmets, and increasing number of initiatives to boost the participation in skiing. The number of people pursuing skiing as a recreation is more than the number of professional skiers. Increasing participation rate in outdoor activities like skiing and other snow sports, increasing government initiatives to encourage participation in skiing, and growth in the number of ski resorts are some of the major factors driving the sales of ski gear & equipment globally. Due to increasing concerns about the injuries caused by skiing, people’s awareness of the use of helmets and other ski equipment continues to increase, which is expected to promote market development during the forecast period. These trends of evolving snow sports infrastructure are anticipated to boost the scope of ski equipment & gear products in the near future. In recent years, the number of women participants in various sports has gone up globally including snow sports such as skiing, therefore vendors are introducing ski gear & equipment specifically for women. Clothing dominated the market in 2018 with revenue of $441.2 million. This development is attributed to the increased acceptance of progressive and new designs for several types of ski suits, including jackets, ski suits, ski pants, and moisture-wicking bases. Furthermore, rise in state, national, and international level competitions conducted by various governments across the globe leads to increased participation. This in turn drives the sports equipment and apparel market demand, which significantly contributes to the overall growth of the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-toc-and-sample/12350

COVID-19 Impact analysis

The global ski gear and equipment market has been growing consistently during past few years. However, due to the outbreak of corona virus there has been significant impact on supply chains globally. Ski gear and equipment manufacturing companies have faced huge losses during the first & second quarter of 2020, owing to disrupted supply chains and production schedules. COVID-19 has forced ski gear and equipment manufacturers to cease their production, order delivery, and operations due to lack of site access, interrupted supply chain, and shortage of manpower. In the wake of COVID-19 there is an increased vigilance globally against consumption and expenditure as people are not investing money in recreational activities and trying to increase their savings. Travel restrictions imposed by governments worldwide to control COVID-19 has also ceased all winter leisure & adventure activities, which has significantly affected the market for ski gear and equipment.

Top Impacting Factors

  • Increasing participation rate in outdoor activities, increasing government initiatives to encourage participation, and growth in the number of ski resorts are driving the growth of the market.
  • Serious accidents, and mountain avalanches is expected to hamper the growth of the ski gear and equipment market.
  • Developing and launching new and innovative products, and rising tourism industry can be seen as an opportunity for the market investments.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 :  https://www.alliedmarketresearch.com/ski-gear-and-equipment-market/purchase-options

Surge in winter tourism & adventure sports

Improvement of economic conditions and growth of disposable income are important factors that drive growth of the winter adventure tourism market. After the European economic crisis and China’s economic crisis, the world economy has stagnated. However, strong recovery from this crisis caused clear economic growth, particularly in developing economies and has led to increase in disposable income among middle-income groups. In addition, disposable income of individuals in North America and Asia-Pacific has witnessed a high growth rate, thus acting as a major driver for market as medium- and high-income consumers in urban areas are shifting their consumption trend from essential to premium goods & services. This trend is encouraging people to invest in recreational activities. Growing interest of consumers toward winter sport activities, coupled with improved participation among all age groups has influenced development of ski gear and equipment across the globe. Furthermore, in recent years, various government authorities have actively started accentuating promotion of winter sports. In several countries, initiatives have been commenced to encourage development of winter sports facilities and recreational skiing. Thus, surge in winter tourism & adventure sports is expected to propel the ski gear and equipment growth.

Key benefits of the report:

  • This study presents the analytical depiction of the ski gear and equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the ski gear and equipment market.
  • The current market is quantitatively analyzed to highlight the ski gear and equipment market growth scenario.
  • The report provides a detailed ski gear and equipment market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/12350

Questions answered in the ski gear and equipment market research report:

  • Which are the leading market players active in the ski gear and equipment market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the ski gear and equipment market?
  • What are the projections for the future that would help in taking further strategic steps?

 Ski Gear & Equipment Market Report Highlights

AspectsDetails
By TypeSkis & Snowboard Ski Boots Ski Apparel Ski Protection
By ApplicationAlpine Nordic
By Distribution ChannelOnline Retail Stores Offline Retail Stores
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersClarus, Helly Hansen, Black Diamond Equipment, K2 Sports LLC, Amer Sports Oyj, Fischer Sports GmbH, Alpina DOO, Coalition Snow, Volkl Int. GmbH, Groupe Rossignol

About Us :

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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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Automotive Central Locking Market Big Changes to Have Big Impact

As autonomous and electric vehicle technologies are in the expansion stage, the cost of these vehicles is higher compared to other vehicles in the market. Vehicles with a central locking system can be locked with a main button. When the car is locked with a key, the unique electronic code will be transmitted from the car key to the car, and the engine anti-theft system will be turned on. If the car receives the same password or uses the car key to manually unlock the car, the system will start. Various systems, such as alarms, remote keyless entry, passive keyless entry, etc. are related to vehicle locking. For example, if an intruder forcibly unlocks the vehicle, a central locking system with an alarm system can warn the vehicle owner by issuing an alarm. When the vehicle is locked using the central locking system, the switch in the main driving unit will move. The unit then sends a signal to the drive unit. This process unlocks or locks other doors in the vehicle together. This easy operation of central locking system enables fast locking/unlocking of vehicle and attracts global OEMs to install it in their vehicles, thereby driving its market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-toc-and-sample/12320

Market scope and structure analysis:

Report MetricDetails
 Market size available for years 2020–2030
 Base year considered 2020
 Forecast period 2021–2030
 Forecast units Value (USD)
 Segments covered Product Type, End User, Type and Region
 Regions coveredNorth America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)
 Companies coveredVALEO, DENSO Corporation, Pricol Limited, Robert Bosch GmbH, Minda Industries Ltd., Nippon Audiotronix Pvt. Ltd., Continental AG, Mitsuba, Autocop India Pvt. Ltd., and Lear Corporation.

COVID-19 Impact analysis

Since the onset of COVID-19 in December 2019, numerous economies around the globe experienced severe economic downturn due to the unexpected lockdowns and halt in international trade. The impact of COVID-19 on the automotive central locking market was witnessed since early 2020 owing to the lockdown implemented across various countries. In addition, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of central locking, which negatively impact the market growth. The whole automotive value chain has been suffering as many countries are dependent on others for manufacturing. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top Impacting Factors

  • Stringent security regulations, rising demand multi-factor authentication for vehicle safety, and increasing number of advanced security technologies are driving the growth of the market.
  • Potential risk of failure of electronic components, and risk of hacking of central locking systemsis expected to hamper the growth of the market.
  • Development of central locking systems which are impossible to breach can be seen as an opportunity for the market investments.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-central-locking-market/purchase-options

Increasing number of advanced security technologies

In order to strengthen the central locking system, the developer introduced an innovative solution. For example, biometric sensors can be used to lock/unlock the vehicle, thereby providing more security for the vehicle. Technological development, such as the development of artificial intelligence-driven connected cars, self-driving cars, etc. The use of safety systems in such vehicles, such as a central locking system, can provide additional safety to the vehicle. Manufacturers are focusing on working with technology providers to automate the central door lock system. It is expected that this will also promote the development of the central locking system market.

Potential risk of failure of electronic components

The central locking system allows keyless entry into the vehicle. Central locking system uses several electrical mechanisms, including wireless devices. These mechanisms are battery operated and may not operate properly in case of a battery failure. This may hinder central locking system market growth.

Risk of hacking of central locking systems

The central locking system uses a unique code, which is transmitted from the vehicle key and used to remotely lock the vehicle. If this code is hacked using a remote transmission system, the vehicle’s security may be compromised, resulting in vehicle being stolen. For instance, November 2020 group of researchers have demonstrated how easily Tesla can be accessed with key fob. This event may restrain the adoption of central locking systems.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/12320

Key segments covered:

SegmentsSubsegments
 Product TypeElectromagnetic Others
 End UserOEM Aftermarket
 TypeManual Type Remote Control Type
 RegionNorth America U.S. Canada Mexico Europe Germany France UK Italy Rest of Europe Asia-Pacific China Japan India South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Africa


Key benefits of the report:

  • This study presents the analytical depiction of the automotive central locking market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive central locking market.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the automotive central locking market growth scenario.
  • The report provides a detailed automotive central locking market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive central locking market research report:

  • Which are the leading market players active in the automotive central locking market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive central locking market?
  • What are the projections for the future that would help in taking further strategic steps?

 Automotive Central Locking Market Report Highlights

AspectsDetails
By Product TypeElectromagnetic Others
By Sales channelOEM Aftermarket
By TypeManual Type Remote Control Type
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersContinental AG, Nippon Audiotronix Pvt. Ltd., Minda Industries Ltd., Robert Bosch GmbH, Autocop India Pvt. Ltd., DENSO Corporation, Lear Corporation., VALEO, Pricol Limited, Mitsuba

About Us :

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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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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Precision in Pharma: Cold Chain Solutions in Pharmaceutical Logistics

According to a new report published by Allied Market Research, titled, “Pharmaceutical Logistics Market,” The pharmaceutical logistics market was valued at $66 billion in 2021, and is estimated to reach $106.8 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

In 2021, Asia-Pacific region is dominating the market in terms of revenue, followed by North America, Europe, and LAMEA. U.S. and China dominated the pharmaceutical logistics market during the forecast period. Increased adoption of outsourced logistics services in the region is driving the growth of the market in Asia-Pacific. Moreover, high government support for development of logistics infrastructure in the region is also boosting the market growth.

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There are prominent key factors that drive the growth of the pharmaceutical logistics market, such as growth in pharmaceutical sector, increase in international trade activities, and increase in demand for reverse logistics in pharmaceutical sector. The global logistics have experienced tremendous transformation in the past few years. Owing to the COVID-19 pandemic, the shippers are focusing on using faster and cost-effective method of shipping the cargo, which is expected to fuel the market for pharmaceutical logistics. Moreover, numerous healthcare service providing companies are focusing on expansion of their refrigerated warehouse capacity, which in turn contributes in the growth of the pharmaceutical logistics industry. For instance, in 2020, Zuellig Pharma announced that it will significantly expand its refrigerated warehouse or cold storage warehouse capacity in key regional markets over the next 12 months. In Cambodia, it is expected to build a new $6 million 6,300 square meters warehouse, which was expected to be fully operational by 2021. The new warehouse will be Cambodia’s largest pharmaceutical warehouse and company will enhance its cold storage capacity by four times. In Philippines, the company will add 10 medical grade freezers to augment its capacity in -80 degree Celsius storage such developments are expected to propel the pharmaceutical logistics market.

The pharmaceutical logistics market is segmented on the basis of operation, business type, application, type and region. By operation, it is divided into seaways, roadways, railways, airways, and storage & services. By business type, it is divided into transportation, warehousing, and value-added services. By application, it is segmented into bio pharma, chemical pharma, and specialty pharma. By type, it is divided into cold chain, and non-cold chain. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

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KEY FINDINGS OF THE STUDY

  • By operation, the seaways segment is projected to lead the global pharmaceutical logistics market
  • By business type, the transportation segment is expected to register a significant growth during the forecast period.
  • By application, the bio pharma segment is projected to lead the global pharmaceutical logistics market
  • By type, the cold chain segment is projected to lead the global pharmaceutical logistics market
  • Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players that operate in this pharmaceutical logistics market are Agility, Ceva Logistics, CJ Century Logistics, CWT Ltd, DB Schenker, DHL Supply Chain, Gemadept, Keppel Logistics, Kerry Logistics, Kuehne + Nagel, Singapore Post, Tiong Nam Logistics, WHA Corp., Ych Group and Yusen Logistics.

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Edible Oil Market Business Opportunity And Future Growth Analysis Report 2032

Edible oil is a liquid that is extracted from seeds, plants, and vegetables. It contains fatty acid, phospholipids, and other anti-antioxidants. The edible oil is used for human consumption and by food processing industry. Edible oil has low cholesterol, fats and calories that attract the health conscious consumers across the globe.  Increasing crop yields, oil production, in developing economies are the major factors for the significant growth of edible oil in the world market. Increasing popularity of olive oil and soybean oil will drive the global market for edible oil during the forecast period.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

  • Edible oil consumption has increased in developing nations due to an increase in fried-food practices and increasing disposable income of people. Moreover, producers of edible oil focusing on adopting advanced processing strategies to offer healthier and reasonable oil.
  • The global market for edible oil is anticipated to see a considerable development due to rising fame of fried-food sectors in fast-food joints and increase the demand from pollution to fried-food will major trend to success edible industry during the forecast period.
  • Increasing demand for fatty-acid free oils. Development in the use of healthier integrands and natural essence will result in market growth. Some other factors driving the market are enhancement of retail sector growth, developing economies, and increased the production crop-yields.
  • Increasing awareness of the health benefits of people and less consumption of fat-free oils has major impact on the edible oil market. Raising interest in olive oil and canola oil from the food industry will drive the edible oil market coming year.

Asia-Pacific region is the highest market share in terms of revenue and market growth. Asia-pacific is emerging as a growing market for edible oil due to increasing the fried-food practices and increasing food-chain joints are major growth of the edible oil market in the region.

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Key Benefits of the Report:

  • This study presents the analytical depiction of the edible oil market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global edible oil market share.
  • The current market is quantitatively analyzed to highlight the global Edible Oil market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global edible oil market analysis based on competitive intensity and how the competition will take shape in the coming years.

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About Us

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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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Aeronautic Innovations: The Integration of IoT in Aviation

According to a new report published by Allied Market Research, titled, “IoT in Aviation Market,” The IoT in Aviation Industry Size was valued at $1.3 billion in 2021, and is estimated to reach $8.6 billion by 2031, growing at a CAGR of 20.5% from 2022 to 2031.

North America includes the U.S., Canada, and Mexico across which the IoT in aviation market has been studied. The North America IoT in aviation market is expected to grow at a significant rate during the forecast period, due to the adoption of new digital solutions for air traffic management, and to enhance airport operations.

Airports in North America have witnessed an increase in number of passenger & cargo traffic in 2021. In 2021, overall passenger traffic increased by 73% in 2021 as compared to 2020, and overall cargo traffic increased by 12.8% in 2021 as compared to 2020. This increase in air traffic provides high potential for IoT implementation to enhance customers’ flying experience. Moreover, few airports in North America have already implemented IoT based solutions to enhance airport operations, which supplements the market growth. For instance, Seattle-Tacoma International Airport (SEA) has implemented IoT solutions to enhance the customer experience.

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Few countries have started to implement IoT enabled smart baggage trolley system at the airport in their region, which is boosting the growth of the market during the forecast timeframe. For instance, in November 2020, in India, GMR Hyderabad International Airport (GHIAL) has introduced an Internet of things (IoT)-enabled smart baggage trolley system for tracking and maintaining the availability of baggage trolleys in real time across the airport. Under the Airport Baggage Trolley Project, the entire fleet of 3,000 baggage trolleys have been installed with the LoRa (Long Range) platform. This project will reduce passenger waiting times and ensure adequate availability of the trolleys in real time.

MRO in aviation referred to maintenance, repair and overhaul. MRO focuses on inspection and correcting problems in aircraft components. Use of internet of things (IoT) in MRO related activities results in greater efficiency and less downtime for aircraft fleets. Aircraft companies in numerous countries are utilizing IoT to enhance their operational efficiency. For instance, Lufthansa has developed AVIATAR open platform for predictive maintenance. This aircraft IoT solution enables airlines to consistently monitor performance of aircrafts through sensors installed throughout the aircraft. If the system detects any malfunction in any part of aircraft during the flight, then a message is sent to ground crews to have necessary equipment for the repair or replacement upon arrival.

Aircraft manufacturers have also started to utilize internet of things (IoT) to develop powerful analytical techniques which will boost operational effectiveness. In addition, IoT aids the manufacturers to develop aircraft effectively and efficiently. Aircraft manufacturers have started adopting IoT-enabled smart meters in aircraft manufacturing in order to gain insight related with the energy usage throughout the entire production period. These smart meters analyze energy usage & propose energy-saving measures by exploiting advanced analytics algorithms.

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IoT is increasingly being used to enhance passenger experience. Passenger experience focuses on utilization of IoT to enhance the traveling experience of passenger from check-in point to boarding an aircraft. IoT has the ability to provide passenger with details about finding right boarding gate, alerts about departure time, and any change in schedules, customizing in-flight experience, and personalized recommendations based on previous choice.

Factors such as increase in air traffic across the globe, need to enhance the passenger experience, and greater need for improved air safety are expected to drive the market growth. However, potential risks associated with cyber threats is the factor that hampers the market growth. Furthermore, greater demand for air traffic solutions from emerging nations, and automated aircraft monitoring are the factors expected to offer lucrative opportunities for the market growth.

KEY FINDINGS OF THE STUDY

  • By component, the hardware segment is anticipated to exhibit significant growth in the near future.
  • By end user, the airport segment is anticipated to exhibit significant growth in the near future.
  • By application, the passenger experience segment is anticipated to exhibit significant growth in the near future.
  • By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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Key players operating in the global IoT in aviation market include Cisco Systems, Inc., Globeranger Corporation, Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corporation, Microsoft Corporation, SAP SE, Sita, Tata Communications Ltd., and Wind River Systems, Inc.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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From Earth to the Expanse: The Evolution of Space Robotics

According to a new report published by Allied Market Research, titled, “Space Robotics Market,” The space robotics market was valued at $4.3 billion in 2021, and is estimated to reach $8 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific and LAMEA. In addition, LAMEA is expected to grow at a highest growth rate over the forecast period, owing to the rising demand for space exploration.

The capability and the suppleness to reconfigure a space robot that is now in orbit are being demanded by the operatives. The ability to tweak the space robots and spaceship to the varying needs of the market is important for the operators of GEO (Geostationary Orbit) satellites that have a lifespan of more than 15 years. This may include switching its functionality from TV broadcasting to internet connectivity or moving a satellite and its robotic arm into a different position, which would be difficult with the traditional hardware-defined space robots.

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For instance, in 2021, Lockheed Martin, an American satellite manufacturer launched a set of CubeSats into the LEO (low Earth orbit). These CubeSats were distinct from regular CubeSats. They were introduced in structures, function as a space-based process data onboard, cloud computing platform, and have their functionality changed through updates in software operated from the ground during the mission.

This shows the entry of the leading companies into software-defined space robotics that rely on flexible software, generic hardware, and a distributed & advanced space on-board computing platform to identify their missions. With its automated on-board computing platform, software-defined technology offers the suppleness they need and could also decrease the costs in the future. Though, the operators and manufacturers have now introduced partially software-defined space robots for MEO and LEO constellations. Thus, software-defined technology is designed to create opportunities for the space robotics market.

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The rise in the number of space missions planned by various space agencies is driving the growth of the space robotics in deep space. In addition, the incorporation of technology is fostering the application and development of space exploration systems. These space missions aim at the investigation of several intended celestial bodies such as Saturn’s moons, Jupiter’s moons, Earth’s moon, asteroids, Sun, and Mars. Furthermore, these operations are meant to recognize the properties of the planets along with observing their atmosphere and analyzing the possibility of life at different planets.

Also, the advancements in technology have proliferated the demand for deep space exploration around the world. Additionally, the demand for space exploration technologies arises with the development and emergence of artificial intelligence. Moreover, the inclusion of solar electric propulsion systems, guidance and navigation technology is increasing the demand for the space robotics in deep space. Furthermore, leading players and space agencies are spending huge amounts in research & development activities for regular improvements in the field of space technology. Such factors are effectively driving the growth of space robotics market.

The rise of threats in military security have been ultimately fostering the need for satellite communication services as a part of ensuring reconnaissance, surveillance, and intelligence application areas. This further adds up to the necessity toward launching missiles, space crafts and many others to increase security standards and services within the defense & military units.

Likewise, the military or defense organizations supports the positioning of different types of satellites including surveillance satellites, communication satellites and many others towards monitoring or tracking of future security threats, thereby impacting the growth of space robotics in commercial markets. Such factors are further set to support the growth of space robotics market in the coming years.

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KEY FINDINGS OF THE STUDY

  • By solution, the remotely operated vehicles segment is projected to dominate the global space robotics market in terms of growth rate.
  • By application, the ground segment is projected to dominate the global space robotics market in terms of growth rate.
  • By end user, the government segment is projected to dominate the global space robotics market in terms of growth rate.

The key players operating in the space robotics market are Altius Space Machines, Astrobotic Technology, Honeybee Robotics, ispace Inc., Maxar Technologies, Motiv Space Systems Inc., Northrop Grumman Corporation, Oceaneering International, Inc., Olis Robotics, and Space Applications Services.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
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