A Market Place Research – Page 1694

Soil Conditioner Market is Likely to Escalate in the Years to Come, Influencing the Market Substantially

The global soil conditioners industry generated $2.3 billion in 2021, and is anticipated to generate $3.7 billion by 2031, witnessing a CAGR of 4.7% from 2022 to 2031.

Prime determinants of growth

Rise in deforestation, soil erosion, and land clearance and increase in use of organic soil conditioner in agriculture & gardening applications drive the growth of the global soil conditioners market. However, the time-consuming process, high cost of inorganic soil conditioners, lack of awareness, and low adaption rate restrict the market growth. Moreover, inorganic soil conditioners are mineral-based soil conditioners that can be used to rebuild the soil quality and it has macro & micro nutrients in which plants can easily uptake nutrients for a longer period. These factors present new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of the Covid-19 pandemic has had a negative impact on the global soil conditioners market, owing to disruptions in the supply chain for various agrochemical products.
The decreased consumer demand has put downward pressure on the prices and production of soil conditioners.

The inorganic segment to maintain its leadership status throughout the forecast period

Based on product type, the inorganic segment held the highest market share in 2021, accounting for nearly three-fifths of the global soil conditioners market, and is estimated to maintain its leadership status throughout the forecast period, owing to wide usage in various sectors such as agriculture, mining, roofing, and construction. However, the organic segment is projected to manifest the highest CAGR of 5.0% from 2022 to 2031, attributed to large demand for sustainable and organic farming.

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The sand segment to maintain its lead position during the forecast period

Based on soil type, the sand segment accounted for the largest share in 2021, contributing to nearly two-fifths of the global soil conditioners market, and is projected to maintain its lead position during the forecast period, owing to enhancement of the soil productivity. However, the clay segment is expected to portray the largest CAGR of 5.1% from 2022 to 2031, due to a wide range of applications in construction, pottery, gardening, and other end-use sectors.

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue 2021, accounting for nearly two-fifths of the global soil conditioners market. Moreover, the same region is expected to witness the fastest CAGR of 5.2% from 2022 to 2031. Surge in use of soil conditioners for providing nutrients, enhancing soil fertility, and other soil amendment purposes strengthens the growth of the soil conditioners market in this region. Other segments mentioned in the report include North America, Europe, and LAMEA.

Leading Market Players: –

BASF SE
UPL Limited
Gujarat State Fertilizers And Chemicals Limited
Jaipur Bio Fertilizers
Novozymes A/S
Evonik Industries AG
Greenfield Eco Solutions Pvt. Ltd.
Oro Agri Europe S.A.
SANOWAY GmbH
Saint-Gobain

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Deep Learning Chip Market 2022 Emerging Trends and Global Demand During the COVID-19 Period till 2030

Allied Market Research published a report, titled, “Deep Learning Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Technology (System-on-chip, System-in-package, Multi-chip module, and Others), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others) – Global Opportunity Analysis and Industry Forecast, 2018-2025”.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-sample/2558

The report offers an extensive analysis of changing market dynamics, key investment pockets, major segments, value chain analysis, competitive landscape, and investment feasibility. The research offers a detailed analysis of drivers, restraints, and opportunities of the global deep learning chip market. These insights provide necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.

The research provides a comprehensive analysis of driving factors, restraining factors, and opportunities of the global deep learning chip market. This analysis is helpful in identifying driving forces, achieving maximum growth, and adopting strategies to sustain in the market. Furthermore, investors, market players, and new entrants are able to gain insights to explore the deep learning chip market potential, avail new opportunities, and gain the competitive advantage. Detailed elaboration of each factor is mentioned in the report to help market players in thorough understanding.

Extensive Segmentation

By Chip Type
- GPU
- ASIC
- FPGA
- CPU
- OTHERS (NPU & HYBRID CHIP)
By Technology
- System-on-chip (SoC)
- System-in-package (SIP)
- Multi-chip module
- OTHERS (PACKAGE IN PACKAGE, TSV)
By Industry Vertical
- Media & advertising
- BFSI
- IT & telecom
- Retail
- Healthcare
- Automotive
- Others

For Full TOC check out the Report@ https://www.alliedmarketresearch.com/deep-learning-chip-market

An extensive analysis of each segment and sub-segment is offered in the research with in graphical and tabular formats. This analysis is helpful in determining the highest revenue generating and fastest growing segments and implementing different strategies to achieve the growth during the forecast period.

Scope of the Report: –

Report Attribute	Details
Revenue forecast in 2030	$81,776.8 million
Growth rate	CAGR of 35.2% from 2021 to 2030
Forecast period	2021 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Key companies profiled	AMD (Advanced Micro Devices), Google, Inc., Intel Corporation, NVIDIA, Baidu, Bitmain Technologies, Qualcomm, Amazon, Xilinx, and Samsung Access Table PDF

The research provides a detailed competitive scenario of the global deep learning chip market for every region. Regions analyzes in the report include North America (United States, Mexico, and Canada), Europe (The U.K., Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Aforementioned segments are analyzed for each region in the research. The data and statistics mentioned in the report provide a valuable guidance to determine the untapped potential in different regions markets and adopting various strategies. AMR also offers customization services for particular regions and segments as per the requirements.

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Covid-19 impact Analysis

Manufacturing activities of deep learning chip market halted due to lockdown measures taken place across many countries. Moreover, supply chain disruptions and shortage of raw materials created challenges in carrying out manufacturing in full capacity.
The demand from end use industries reduced significantly due to halt in day-to-day operations during lockdown. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.

The report offers a detailed scenario of the global deep learning chip market during the Covid-19 pandemic. These insights are helpful for market players, investors, startups, and others to revise their strategies and minimize the impact on their businesses. The impact mentioned in the report is the result of thorough research.

Competitive Landscape

The report offers a detailed analysis of major market players operating in the global deep learning chip market. The leading market players profiled in the report are AMD (Advanced Micro Devices), Google, Inc., Intel Corporation, NVIDIA, Baidu, Bitmain Technologies, Qualcomm, Amazon, Xilinx, and Samsung. The competitive landscaope and the strategies adopted by market players are mentioned in the report. These deep learning chip market players have adopted various strategies such as new product launches, partnerships, joint ventures, collaborations, mergers and acquisitions, expansion, and others to avail sustainable growth and strengthen their presence in the global deep learning chip market.

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Safes and Vaults Market 2022 Size, Share, Growth Analysis Outlook 2030 – Alpha Safe & Vault, CARADONNA

Allied Market Research published a report, titled, “Safes and Vaults Market By Type (Cash Management Safes, Depository Safes, Gun Safes & Vaults, Vault & Vault Doors, Media Safes, and Others) and End User (Banking Sector and Non-Banking Sector): Global Opportunity Analysis and Industry Forecast, 2020–2027”.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-sample/4354

The report offers an extensive analysis of changing market dynamics, key investment pockets, major segments, value chain analysis, competitive landscape, and investment feasibility. The research offers a detailed analysis of drivers, restraints, and opportunities of the global safes and vaults market. These insights provide necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.

The research provides a comprehensive analysis of driving factors, restraining factors, and opportunities of the global safes and vaults market. This analysis is helpful in identifying driving forces, achieving maximum growth, and adopting strategies to sustain in the market. Furthermore, investors, market players, and new entrants are able to gain insights to explore the safes and vaults market potential, avail new opportunities, and gain the competitive advantage. Detailed elaboration of each factor is mentioned in the report to help market players in thorough understanding.

Extensive Segmentation

By Type
• Cash Management Safes
• Depository Safes
• Gun safes and vaults
• Vault and vault doors
• Media Safes
• Others

By End User
• Banking Sector
• Non-Banking Sector

For Full TOC check out the Report@ https://www.alliedmarketresearch.com/safes-and-vaults-market

Scope of the Report: –

Report Attribute	Details
Revenue forecast in 2027	$9.14 billion
Growth rate	CAGR of 8.1% from 2020 to 2027
Forecast period	2020 to 2027
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Key companies profiled	American Security Products Co., Alpha Safe & Vault, Inc., CARADONNA, Diebold Nixdorf Incorporated, Godrej & Boyce Manufacturing Co. Limited, Gunnebo AB, Kumahira Co., Ltd. ,KASO Safeguard Safes, and Shinjin Safes Access Table PDF

The research provides a detailed competitive scenario of the global safes and vaults market for every region. Regions analyzes in the report include North America (United States, Mexico, and Canada), Europe (The U.K., Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Aforementioned segments are analyzed for each region in the research. The data and statistics mentioned in the report provide a valuable guidance to determine the untapped potential in different regions markets and adopting various strategies. AMR also offers customization services for particular regions and segments as per the requirements.

For More Information or Query or Customization Before Buying, Visit @ https://www.alliedmarketresearch.com/request-for-customization/4354

Covid-19 impact Analysis

Manufacturing activities of safes and vaults market halted due to lockdown measures taken place across many countries. Moreover, supply chain disruptions and shortage of raw materials created challenges in carrying out manufacturing in full capacity.
The demand from end use industries reduced significantly due to halt in day-to-day operations during lockdown. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.

The report offers a detailed scenario of the global safes and vaults market during the Covid-19 pandemic. These insights are helpful for market players, investors, startups, and others to revise their strategies and minimize the impact on their businesses. The impact mentioned in the report is the result of thorough research.

Competitive Landscape

The report offers a detailed analysis of major market players operating in the global safes and vaults market. The leading market players profiled in the report are American Security Products Co., Alpha Safe & Vault, Inc., CARADONNA, Diebold Nixdorf Incorporated, Godrej & Boyce Manufacturing Co. Limited, Gunnebo AB, Kumahira Co., Ltd. ,KASO Safeguard Safes, and Shinjin Safes. The competitive landscape and the strategies adopted by market players are mentioned in the report. These safes and vaults market players have adopted various strategies such as new product launches, partnerships, joint ventures, collaborations, mergers and acquisitions, expansion, and others to avail sustainable growth and strengthen their presence in the global safes and vaults market.

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Military Laser Designator Market 2022: Explore Top Factors that Will Boost the Global Market by 2029

Military laser designator is a laser light source, which is used to designate a target. Laser designators assist armed forces targeting laser-guided bombs, missiles, or precision artillery munitions. When a target is marked by a designator, the beam is invisible and does not shine continuously. Instead, a series of coded pulses of laser light is fired.

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Key Market Players

UTC Aerospace Systems
Alpha Design Technologies Pvt. Ltd.
Northrop Grumman Corporation
Thales Group
L-3 Technologies Inc.
Leonardo S.P.A.
General Atomics
Elbit Systems Ltd.
FLIR Systems Inc.
RPMC Lasers

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COVID-19 scenario analysis:

The global market for military laser designator is severely impacted by the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
Owing to the lockdown implemented across various countries, 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 military laser designator, which negatively impact the market growth.
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

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Key benefits of the report:

This study presents the analytical depiction of the military laser designator market for military and aerospace 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 military laser designator market for military and aerospace share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight military laser designator market for military and aerospace.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed military laser designator market for military and aerospace analysis depending on competitive intensity and how the competition will take shape in coming years.

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Questions answered military laser designator market for military and aerospace report:

Which are the leading players active in the military laser designator market for military and aerospace?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What are the projections for the future that would help in taking further strategic steps?

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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.

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Research Department Explosive (RDX) Market: Pyrotechnics Type to 3.6% CAGR During 2020-2030

Allied Market Research published a report, titled, “Research Department Explosive (RDX) Market by Type (Explosives, Pyrotechnics, and Others), Application (Military and Civilian), and Sales Channel (Domestics and International): Global Opportunity Analysis and Industry Forecast, 2021–2030.”According to the report published by Allied Market Research, the global Research Department Explosive (RDX) market was estimated at $9.83 billion in 2020 and is expected to hit $13.92 billion by 2030, registering a CAGR of 3.4% from 2021 to 2030.

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Drivers, restraints, and opportunities-

Increased mining activities and rising expenditure on defense & military applications drive the growth of the Research Department Explosive (RDX) market. On the other hand, stringent regulatory frameworks and availability of alternate methods for mining & blasting restrain the growth to some extent. However, surge in demand for RDX in military operations and innovation & development toward offering advanced products are expected to create lucrative opportunities in the segment.

COVID-19 Scenario of RDX Market –

There was a huge disruption in the supply chain in the chemicals & materials industry along with falling business confidence, especially during the initial phase, which in turn impacted the global Research Department Explosive (RDX) market negatively.
However, as the global situation is getting better, the market is anticipated to revive soon.

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The explosives segment to retain the lion’s share-

On the basis of type, the explosives segment held the major share in 2020, garnering nearly half of the global Research Department Explosive (RDX) market, due to the increased mining and construction activities carried out across the globe. The Pyrotechnics segment is expected to cite the fastest CAGR of 3.6% throughout the forecast period.

The military segment to dominate by 2030-

On the basis of application, the military segment contributed to the lion’s share in 2020, holding more than three-fourths of the global Research Department Explosive (RDX) market, owing to the increased production of military ammunition, war heads, explosives & other war based products. However, the civilian segment is projected to cite the fastest CAGR of 4.4% from 2021 to 2030. This is attributed to the fact that international companies have been operating in the industry since a long period of time.

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Asia-Pacific, followed by North America, held the major share in 2020-

By region, the market across Asia-Pacific, followed by North America, dominated in 2020, garnering more than two-fifths of the global Research Department Explosive (RDX) market, due to the presence of countries which are inclined toward increasing their annual defense budget quite frequently. Simultaneously, the LAMEA region is expected to cite the fastest CAGR of 4.6% throughout the forecast period. Increased infrastructural developments in the province fuels the market growth.

Key players in the industry-

BAE Systems
Chemring Group PLC.
Dyno Nobel
EPC Groupe
Austin Powder Company
Eurenco
Mil-Spec Industries Corporation
Orica Limited
PRVA ISKRA – NAMENSKA A.D.
Nitro-Chem SA.

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About Us

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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Digital Freight Forwarding Market: Healthcare Vertical to Garner at 24.1% CAGR During 2020-2030

According to the report published by Allied Market Research, the global digital freight forwarding market generated $2.92 billion in 2020, and is anticipated to reach $22.92 billion in 2030, manifesting a CAGR of 23.1%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

Growth of the e-commerce industry across the globe and increase in free trade agreements fuel the global digital freight forwarding market growth. On the other hand, inadequate infrastructure, higher logistics costs, and strict regulations imposed on air freight hamper the market growth. On the contrary, increase in acceptance of DTC e-commerce logistics and decline in cost-cutting and lead time due to the use of multimodal systems create several market opportunities.

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COVID-19 scenario:

The COVID-19 outbreak pushed the countries to impose strict lockdown measures that caused flight cancellations and a ban on e-commerce services.
The pandemic also caused a massive decline in and logistics activities across the world.
The market suffered from a huge supply-demand issue and caused long delays in the activities of digital freight forwarding operations across the globe.
The report segments the global digital freight forwarding market on the basis of function, transport, deployment mode, vertical, and region.

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Based on mode of transport, the sea segment contributed to the highest market share in 2020, attributing to nearly half of the total market share, and is anticipated to dominate the market during the forecast period. The segment is expected to manifest the fastest CAGR of 23.7% from 2021-2030. The report also covers segments such as land and air.

Based on function, the transportation management segment contributed to the highest market share in 2020, attributing to more than three-fifths of the total market share, and is anticipated to lead during the forecast period. The segment is expected to manifest the fastest CAGR of 23.9% from 2021-2030. The report also analyzes the warehouse management segment.

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Based on region, the Asia-Pacific, followed by North America, contributed to the highest share in 2020, holding nearly two-fifths of the total share, and is expected to lead during the forecast period. The global digital freight forwarding market across this segment is anticipated to exhibit the fastest CAGR of 24.7% during the forecast period.

Key players of the global digital freight forwarding market analyzed in the research include Deutsche Post DHL Group, Descartes Kontainers, Flexport, Inc., iContainers, Forto GmbH, Kuehne+Nagel International AG, Turvo Inc., Twill, Transporteca, and Uber Freight LLC.

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Military Array Antenna Market Emerging Technological Growth, Future Growth and Business Opportunities 2029

The global military array antenna market is experiencing a significant growth due to increase in demand for antennas with long-range capabilities for defense applications. Antenna arrays are composed of group of similar antenna elements that increases the gain compared to a single element antenna. Meanwhile, the same radiated power is more concentrated to one certain direction, owing to reduced beam-width compared to the single element antenna. Antenna type & size can vary depending on the frequency used by antenna as well as system in which antenna is installed. Military antennas are used with various military systems for applications such as tracking, enemy aircraft warning, incoming missile warning, electronic-warfare, and ground mapping & surveillance.

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Key Market Players

Raytheon Company
Comrod Communications
Lockheed Martin Corporation
Antenna Products Corporation
MTI Wireless Edge
Harris Corporation
Eylex Pty Ltd.
Rohde & Schwarz GmbH
Cojot Oy
Barker & Williamson.

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COVID-19 scenario analysis:

Military antenna manufacturers are forced to shut down production operations due to government-imposed lockdown in the wake of COVID-19 pandemic.

Communication system manufacturers are facing operational issues due to supply chain disruption caused by the government initiatives to control the COVID-19 outbreak.

Military antenna developers have postponed the test & development of under-development military antenna in the absence of international technical workforce required for the job.

Governments have redirected all financial resources to fight the COVID-19 outbreak; hence, procurement of military antennas will be delayed until situation neutralizes.

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Key benefits of the report:

This study presents the analytical depiction of the global military array antenna 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 military array antenna market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global military array antenna market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global military array antenna market analysis based on competitive intensity and how the competition will take shape in coming years.

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Questions answered in the military array antenna market research report:

Which are the leading market players active in the military array antenna 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?

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U.S. Commercial Drones Market: Construction & Archaeology Application to Rise at 17.0% CAGR During 2020-2030

According to the report published by Allied Market Research, the U.S. commercial drones market generated $899.6 million in 2020, and is expected to reach $3.75 billion by 2030, witnessing a CAGR of 15.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Manufacturing activities of commercial drones halted due to lockdown measures implemented across the U.S. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out manufacturing with full capacity. Ban on import-export activities also added to challenges.
However, the use of drones for surveillance raised a debate regarding privacy and individual rights on mainstream media as well as social media platforms as these drones were utilized for tracking and monitoring the spread in containment zones.
The report offers detailed segmentation of the U.S. commercial drones market based on type, application, and function.

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Based on type, the rotary blade drones segment held the highest share in 2020, accounting for more than two-thirds of the total share, and is expected to continue its leadership status during the forecast period. However, the fixed-wing drones segment is projected to witness the largest CAGR of 20.3% from 2021 to 2030.

Based on application, the government segment accounted for the highest share in 2020, contributing to more than one-fourth of the total share of the U.S. commercial drones market, and is projected to continue its dominant share during the forecast period. However, the energy segment is expected to manifest the fastest CAGR of 17.2% from 2021 to 2030.

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Based on function, the solutions segment contributed to the highest share in 2020, accounting for more than two-fifths of the total market share, and is projected to continue its leadership status by 2030. However, the connectivity segment is expected to portray the largest CAGR of 16.9% during the forecast period.

Leading players of the U.S. commercial drones market analyzed in the research include AeroVironment Inc., Aeryon Labs Inc., American Robotics Inc., Leptron Unmanned Aircraft Systems, Inc., Insitu Inc., Trimble Inc., PrecisionHawk Inc., GoPro Inc., 3D Robotics, and Skydio.

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Missile Defense System Market: Hypersonic Missiles to Grow at 5.3% CAGR During 2020-2030

Allied Market Research recently published a report, titled, “Missile Defense System Market by Range (Less than 100Km, 101-200Km, and 201-400Km), Threat Type (Subsonic Missiles, Supersonic Missiles, and Hypersonic Missiles), and Domain (Ground and Marine): Global Opportunity Analysis and Industry Forecast, 2021–2030″. As per the report, the global missile defense systems industry generated $26.16 billion in 2020, and is expected to reach $40.04 billion by 2030, growing at a CAGR of 4.4% from 2021 to 2030.

Major determinants of the market growth

Increase in number of conflicts and surge in defense spending globally have boosted the growth of the global missile defense systems market. However, high costs associated with missile defense systems hinder the market growth. On the contrary, rise in development regarding the deployment of hypersonic missiles and rise in adoption of AI in military operation are expected to open new opportunities for the market players in the future.

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Covid-19 scenario:

The Covid-19 pandemic forced governments to implement strict lockdown and ban and import-export of raw materials. This led to sudden fall in the availability of important raw materials for manufacturing.
The prolonged lockdown delayed several initiatives regarding development of modern missile defense systems.

The 201-400Km segment to manifest the highest CAGR through 2030

By range, the 201-400Km segment is expected to showcase the highest CAGR of 5.0% during the forecast period, due to increase in development of the largest range missiles. However, the 101-200Km segment held the largest share in 2020, contributing to more than half of the global missile defense systems market, owing to high demand for missile defense system that can destroy missiles as they enter 200km of its periphery.

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The ground segment held the lion’s share

By domain, the ground dominated the market in terms of revenue, accounting for around 90% of the global missile defense systems market in 2020, due to the majority of the missile defense system being land-based. However, the marine segment would portray the highest CAGR of 5.0% during the forecast period, due to rise in demand for extra layer of defense against missile threats.

North America held the largest share

By region, the global missile defense systems market across North America held the lion’s share in 2020, contributing to more than two-fifths of the market, due to high defense budget, rise in R&D activities, and technological development by key players. However, the market across Asia-Pacific is projected to manifest the highest CAGR of 5.2% during the forecast period, owing to rise in adoption of missile defense system, high defense spending, and increase in conflicts across developing nations.

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Key market players

BAE Systems plc
Leonardo Spa
General Dynamics Corporation
MBDA
Lockheed Martin Corporation
Raytheon Technologies Corporation
Northrop Grumman Corporation
Thales Group
Rheinmetall AG
The Boeing Company

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Marine Telematics Market Business Strategies, Technological Innovation, Trends & Top Players by 2030

According to a recent report published by Allied Market Research, titled, “Marine Telematics Market by Component type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global marine telematics market size was valued at $6.80 million in 2018, and is projected to reach $29.95 million by 2026, registering a CAGR of 21.3% from 2019 to 2026. By application, the commercial segment was the highest contributor to the market in 2018, accounting for $5.3 million and is estimated to reach $23.0 billion by 2026, registering a CAGR of 20.9% during the forecast period. In 2018, the marine telematics market share was accounted highest for the Asia-Pacific region.

The Europe region is expected to dominate the market, followed by Asia-Pacific, North America, and LAMEA. In Asia-Pacific, Japan dominated the Marine Telematics market in 2018, whereas India is expected to grow at a significant rate during the forecast period.

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The transportation industry is changing at a rapid pace due to globalization. Therefore, increase in automotive sales due to improvement in manufacturing facilities and adoption of advanced technologies for safety in most of the emerging countries such as Japan, Norway, China, India, and Brazil are the factors that drive the demand for the market. Incorporation of real-time fleet monitoring systems in marine, rise in use of cloud-based technology for marine operations management solutions, and improvements in vehicle monitoring & fuel management in the transportation sector is anticipated to influence prominent players to invest and expand the marine telematics market. In addition, reduction in accidents and increase in cargo transportation across the globe fuels the demand for telematics solutions-based technology for ships, which, in turn, will help to boost the growth of the market.

Developing countries such as China and Brazil are the most promising countries for the transportation sector, owing to the increasing development and adoption of latest technologies used for ships and rise in number of vessels. Furthermore, increase in awareness about latest technologies used in the automotive industry and rise in deployment of autonomous marine devices from giant companies are expected to fuel the growth of the market. In the recent years, consumers have shifted their interest toward technologically advanced, safe, and secured transportation service-based vehicles for various applications in the marine industry.

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Furthermore, the global marine telematics market is driven by enhanced ship monitoring and fuel management and rise in trend of connectivity solutions. In addition, vehicle diagnoses due to telematics systems also propels the growth of the market. However, high integration cost and lack of uninterrupted and seamless internet connectivity are some of the major factors that restrain the marine telematics market growth. Furthermore, the anticipated trend of automation in marine transportation and better driver and vessel safety ensures emerging growth opportunities for this market globally.

The marine telematics market analysis totally depends on the components used for applications of marine telematics. Moreover, safety services offered in applications of telematics are an appropriate example of cutting-edge aftermarket asset and operation-based management technology, which involves sharing data between vehicles and users. Safety is a combination of telecommunication and automobile technology used to improve vehicle efficiency, monitor fuel level, enhance security & safety measures, and assist drivers to enhance their overall driving experience. These factors not only boosts the demand for the system but also fosters the growth of the market.

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Moreover, the leading giant companies in the marine telematics industry are taking steps to expand their business through various business strategies. For instance, Navis started offering telematics solutions named by Bluetracker One, Bluetracker Automatic, and Bluetracker Reporting for real time vessel performance management. In addition, Market Spectrum, Inc also started the use of remote analytics tools for vessel monitoring which includes VTracker Insight X2, Nevata, XPulse, and others. Furthermore, introduction of autonomous marine technology and marine automation in marine transportation is expected to eventually lead to the growth of the marine telematics market in the near future.

In addition, the introduction of autonomous marine devices, especially in cargo vessels, are expected to create demand for transportation of cargo by sea routes. Thus, all these parameters help to lead the increase in demand for telematics solutions for applications in real time monitoring. The marine telematics market is studied for the forecast period from 2019 to 2026.

The use of telematics solutions is increasing significantly, as it provides wide range of critical alerts, real-time alerts, driver behavior, anti-theft notifications, and safety alerts. Moreover, these systems are specially made to track vehicles in real time to reduce idle time and transportation costs, thereby, increasing the operational efficiency of vehicle management.

Hardware and software used in ship telematics track vehicles through route optimization or selection of best routes in real time that further reduces the transportation costs and idle time, by increasing the operational efficiency. The purpose of marine telematics is to deliver effective real-time monitoring, fleet tracking, and security. Moreover, data generated from cloud, IoT, and sensors help to analyze and make a cost-effective decision as per requirement.

Key Finding of The Marine Telematics Market:

In 2018, by component, the hardware type segment generated the highest revenue.
In 2018, by application, the commercial was the highest revenue contributor.
In 2018 region-wise, Asia-Pacific was contributed the highest revenue, followed by Europe, North America, and LAMEA.

The key players analyzed in Marine Telematics market report include Technoton, AST MSL., Boat Command , Sentinel Marine solutions, Navis, Cybernetica, ki2 Infotech, Market Spectrum, Traxens, and Metocean.

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