Steel Wire Market size is expected to witness high growth from 2023 to 2032 | Global Value $180.9 billion 

Allied Market Research published a report, titled, “Steel Wire Market by Form (Rope, Non-Rope), By Material Type (Carbon Steel, Stainless Steel, Alloy Steel, Others), By End-Use (Construction, Automotive, Aviation, Energy, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032 “. According to the report, the global steel wire industry generated $96.6 Billion in 2022, and is anticipated to generate $180.9 Billion by 2032, witnessing a CAGR of 6.5% from 2023 to 2032.

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The global steel wire market is driven by the rising demand for steel wire from the construction and automotive industries. However, availability of alternatives is anticipated to hinder the growth of the market. Nevertheless, the surge in technological advancement is expected to offer lucrative opportunities for market growth in the coming years.

Based on form, the rope segment accounted for the largest share in 2022, contributing to around three-fourths of the global steel wire market revenue, and is projected to maintain its lead position during the forecast period. The same segment is the fastest growing segment and is projected to grow with a CAGR of 6.6% from 2023 to 2032. Steel wire rope, known as wire cable or wire rope, is a type of rope constructed from multiple strands of steel wire twisted or braided together. It is designed to provide strength, flexibility, and durability for various lifting, rigging, and suspension applications. Steel wire ropes are widely used in industries such as construction, mining, oil, and gas, maritime, and transportation.

Based on material type, the carbon steel segment accounted for the largest share in 2022, contributing to nearly three-fourths of the global steel wire market revenue, and is projected to maintain its lead position during the forecast period. Carbon steel wire typically contains around 0.05% to 2.0% carbon, along with small amounts of other elements such as manganese, phosphorus, sulfur, and silicon. It can be manufactured in various forms, including round, flat, square, and hexagonal shapes. Moreover, it may be further processed through heat treatment, galvanization, or coating to enhance its properties. Carbon steel wires are widely used in various industries due to their high strength, durability, and versatility. The stainless steel segment is projected to grow at a CAGR of 6.8% from 2023 to 2032. Stainless steel wire is commonly used in the food and beverage industry due to its hygienic properties. It is easy to clean, resistant to bacterial growth, and does not contaminate food, making it ideal for applications such as food processing equipment, conveyor belts, and filters. Moreover, stainless steel wire is used extensively in the medical and pharmaceutical fields.

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Based on end use, the construction segment accounted for the largest share in 2022, contributing to nearly one-third of the global steel wire market revenue, and is projected to maintain its lead position during the forecast period. Steel wire is extensively used in construction for a wide range of applications due to its strength, durability, and versatility. Steel wire, often in the form of steel rebars or welded wire mesh, is used as reinforcement in concrete structures. It enhances the tensile strength of concrete and helps resist cracking and structural failure. Reinforced concrete is commonly used in foundations, columns, beams, slabs, and other structural elements in buildings, bridges, and infrastructure. The energy segment is projected to grow at a CAGR of 7.2% from 2023 to 2032. The use of steel wire in the energy industry is critical for the generation, transmission, and distribution of various energy sources. Its strength, durability, and reliability make it well-suited for handling the demands and challenges associated with energy production and infrastructure.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly three-fourths of the global steel wire market revenue and is likely to dominate the market during the forecast period. The same region is projected to grow at a CAGR of 6.7% from 2023 to 2032. Asia-Pacific experiences significant urbanization with the growth in population and an increase in demand for housing, transportation, and infrastructure. Besides, Asia-Pacific is a major producer of automobiles with countries such as China, Japan, and South Korea being major players in the global automotive market. This drives demand for steel wires in automotive applications such as suspension systems, seat frames, springs, and wire harnesses.

Leading Market Players: –

JFE STEEL CORPORATION
ARCELORMITTAL
TATA STEEL LTD.
NUCOR CORPORATION
JSW STEEL LTD.
NIPPON STEEL SG WIRE CO., LTD.
SEVERSTAL
OPTIMUS STEEL
INSTEEL INDUSTRIES, INC.
WIRECO WORLDGROUP, INC.

The report provides a detailed analysis of these key players in the global steel wire 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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Impact analysis of Russia-Ukraine war on the steel wire market:

The ongoing conflict between Russia and Ukraine has had an impact on various industries, including the steel wire market. Ukraine is one of the largest steel producers in the world, and the conflict has led to disruptions in the steel production and supply chain in the country. This disruption can affect the availability and pricing of raw materials, including steel billets or rods, which are essential for manufacturing steel wire. The uncertainty and instability caused by the conflict can lead to fluctuations in the supply of steel wire in the market.
The conflict has resulted in the imposition of trade restrictions, sanctions, and tariffs by various countries on both Russia and Ukraine. These measures may impact international trade in steel wire, making it more challenging for companies to import or export steel wire to and from the affected regions. Trade barriers may disrupt established supply chains and lead to changes in market dynamics.

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Photomask Market: New Pathways for Research and Innovation are Being Opened by Trends with Top Industry Players

Allied Market Research published a report on the Global Photomask Market. The research provides a clear picture of the market’s current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the Photomask Market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape and other factors for the projected forecast period.

The Research report presents a complete judgment of the Photomask Market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of the market and make informed decisions and settle on educated business choices based on their business goals. 

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The analysis sheds insight on the global Photomask Market drivers, restraints, and opportunities. Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Research Methodology: 

The research uses both primary and secondary research to assemble data on the various facets of the international Photomask Market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on. The global Photomask Market report demonstrates information about the current and historical data of the market.

Competitive Analysis: 

The competitive environment of the global Photomask Market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, Photomask market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Some of the prominent players of the global Photomask Industry include Applied Materials, Inc., SK-Electronics, Advanced Reproductions Corporation, Photronics, LG Innotek, Infinite Graphics Incorporated, Compugraphics Photomask Solutions, Nippon Filcon, HTA Photomask, and Hoya Corporation.

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Segmentation Analysis: 

The global photomask industry is segmented into product, mask shop type, applications, and region. By product, the market is segregated into reticle, master, and others. By the mask shop type, the market in divided into captive mask and merchant mask.

The applications covered in this study include optical devices, discrete components, displays, MEMS, and others. The display segment is expected to dominate the global photomask market during the forecast period. 

By Region:

1) North America (Canada, Mexico, and the United States)

2) Europe (France, Italy, Germany, Spain, the United Kingdom, and rest of Europe)

3) Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific)

4) LAMEA (Africa, the Middle East, and Latin America)

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• The report analyzes regional and global Photomask Market trends, market segmentation, prominent players, market growth strategies, and application areas.
• Market participants’ positioning promotes comparative analysis and offers a clear knowledge of the market player’s current position.
• The major countries in each region are mapped based on their revenue contribution to the global Photomask Market.

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GaN Power Device Market Intelligence Report: Profit-Oriented Business Decisions and Strategies for Industry Players | Forecast, 2020-2027

Allied Market Research published a report on the Global GaN Power Device Market. The research provides a clear picture of the market’s current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the GaN Power Device Market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape and other factors for the projected forecast period.

The GaN power device market size is worth $110.3 million in 2019, and is projected to reach $1,244.9 million by 2027, to register a CAGR of 35.4% during the GaN power device market forecast period. 

The Research report presents a complete judgment of the GaN Power Device Market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of the market and make informed decisions and settle on educated business choices based on their business goals. 

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The analysis sheds insight on the global GaN Power Device Market drivers, restraints, and opportunities. Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Research Methodology: 

The research uses both primary and secondary research to assemble data on the various facets of the international GaN Power Device Market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on. The global GaN Power Device Market report demonstrates information about the current and historical data of the market.

Competitive Analysis: 

The competitive environment of the global GaN Power Device Market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, GaN Power Device market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Some of the prominent players of the global GaN Power Device Industry include Efficient Power Conversion Corporation (EPC), GaN Systems, On Semiconductors, Panasonic Corporation, VisIC, Texas Instruments Inc., Toshiba Corporation, Fujitsu Limited, Infineon Technologies AG, and Taiwan Semiconductor Manufacturing Company.

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Segmentation Analysis: 

The global GaN power devices market is segmented on the basis of device, application, and region. Based on device, the market is categorized into GaN power discrete devices, GaN power ICs, and GaN power module. By application, the market is classified into consumer electronics, IT & telecommunication, automotive, aerospace & defense, and others. 

By Region:

1) North America (Canada, Mexico, and the United States)

2) Europe (France, Italy, Germany, Spain, the United Kingdom, and rest of Europe)

3) Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific)

4) LAMEA (Africa, the Middle East, and Latin America)

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• The report analyzes regional and global GaN Power Device Market trends, market segmentation, prominent players, market growth strategies, and application areas.
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• The major countries in each region are mapped based on their revenue contribution to the global GaN Power Device Market.

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Current Sensor Market: Research Status, Business Growth Analysis by Top Countries Data and Segments Insights | Forecast, 2020-2027

Allied Market Research published a report on the Global Current Sensor Market. The research provides a clear picture of the market’s current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the Current Sensor Market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape and other factors for the projected forecast period.

The global current sensor market size is expected to reach from $1.65 billion in 2019 to $2.61 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027. 

The Research report presents a complete judgment of the Current Sensor Market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of the market and make informed decisions and settle on educated business choices based on their business goals. 

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The analysis sheds insight on the global Current Sensor Market drivers, restraints, and opportunities. Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Research Methodology: 

The research uses both primary and secondary research to assemble data on the various facets of the international Current Sensor Market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on. The global Current Sensor Market report demonstrates information about the current and historical data of the market.

Competitive Analysis: 

The competitive environment of the global Current Sensor Market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, Current Sensor market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Some of the prominent players of the global Current Sensor Industry include Infineon Technologies, Honeywell International Inc., Texas Instruments, Allegro MicroSystems, LLC, Tamura Corp., TDK Corporation, LEM International SA, Pulse Electronics, Eaton Corporation PLC, and Sensitec GmbH.

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Segmentation Analysis: 

The global current sensor market is segmented on the basis of type, current sensing technology, end use, and region. On the basis of type, the market is bifurcated into open loop and closed loop. By current sensing technology, the market is classified into Hall effect, current transformer, flux gate, and Rogowski coil. On the basis of end use, it is divided into automotive, consumer electronics, industrial, telecommunication, and others.  

By Region:

1) North America (Canada, Mexico, and the United States)

2) Europe (France, Italy, Germany, Spain, the United Kingdom, and rest of Europe)

3) Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific)

4) LAMEA (Africa, the Middle East, and Latin America)

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Q.2 What are the key products or services offered in the market, and how do they compare to each other?

Q.3 What are the regulations and legal aspects affecting the market?

Q.4 Who are the main players in the market, and what is their market share?

Q.5 How do companies set their prices in the market, and what is the competitive landscape like?

Q.6 What are the potential future prospects and growth opportunities in the market?

Q.7 What are the current trends and factors driving the market? What challenges and opportunities exist?

Q.8 How much revenue, sales volume, or number of users/customers does the market have?

Q.9 How do companies promote and market their products/services in the market?

Q.10 What are the preferences and behaviors of customers in the market?

Q.11 What are the different segments of the market, and how are they expected to grow?

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• Extensive market research, as well as information on major driving factors, restraining factors, and possible opportunities are provided.
• This research includes a quantitative study of the current trends, market segments, forecasts, and dynamics of the Current Sensor Market analysis during the forecast period.
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• Porter’s five forces study emphasizes the ability of consumers and vendors to strengthen their supplier-buyer network and make profitable business decisions.
• The report analyzes regional and global Current Sensor Market trends, market segmentation, prominent players, market growth strategies, and application areas.
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• The major countries in each region are mapped based on their revenue contribution to the global Current Sensor Market.

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Terrestrial Trunked Radio (TETRA) System Market Size to Hit $8.57 Billion by 2030 | 15.24% CAGR

According to the report, the global Terrestrial Trunked Radio (TETRA) system market was estimated at $2.14 billion in 2020, and is anticipated to hit $8.57 billion by 2030, registering a CAGR of 15.24% from 2021 to 2030. Rise in demand for efficient critical communication, developments in advanced communication system in the Industrial sector, and emergence of high-end technological advancements drive the growth of the global Terrestrial Trunked Radio (TETRA) system industry.

On the other hand, high investment and maintenance cost restrains the growth to some extent. However, increase in use of mobile radio in the transportation sector is expected to pave the way for lucrative opportunities in the industry.

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Terrestrial Trunked Radio (TETRA) System Market

KEY BENEFITS FOR STAKEHOLDERS:

• The study offers readers an in-depth analysis of the global Terrestrial Trunked Radio (TETRA) System Market, with current trends and future estimations to interpret the forthcoming investment pockets. 
• Thorough market research has been done with essential information related to key drivers, restraints, and opportunities of the global Terrestrial Trunked Radio (TETRA) System Market.
• A quantitative as well as qualitative analysis of the Terrestrial Trunked Radio (TETRA) System Market outlook forecast is done which is expected to enable the stakeholders to capitalize on prevailing market opportunities.  
• Porter's five forces study helps analyze the buyers & suppliers network and make profitable business decisions by understanding the competitive scenario.   
• The report includes an analysis of regional segments, market segments, key players, application areas, and market growth strategies.
• Major economies in each region are mapped according to their revenue contribution to the global Terrestrial Trunked Radio (TETRA) System Market.

The Hardware Segment to Dominate by 2030-

Based on component, the hardware segment held the major share in 2020, accounting for around two-thirds of the global Terrestrial Trunked Radio (TETRA) system market. This is attributed to the fact that ETRA hardware offers several advantages such as they provide alerts to users in case of an emergency and offer durability and man-down functionalities. At the same time, the software segment would register the fastest CAGR of 17.2% from 2021 to 2030. Implementation of software application for text messaging, monitoring radio, and accessing voice & data information is expected to heighten the demand for software component in the terrestrial trunked radio (TETRA) system market, thereby driving the segment growth.

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The Portable Segment to Maintain the Dominant Share-

Based on device, the portable segment contributed to more than two-thirds of the global Terrestrial Trunked Radio (TETRA) system market revenue in 2020, and is projected to lead the trail throughout the forecast period. This is because portable radios are handy and easy to use. However, the vehicular segment is projected to grow at the fastest CAGR of 16.5% from 2021 to 2030.

Asia-Pacific, followed by Europe and North America, Garnered the Highest Share in 2020-

Based on region, the market across Asia-Pacific, followed by Europe and North America, contributed to the highest share in 2020, accounting for around one-third of the global Terrestrial Trunked Radio (TETRA) system market, and is estimated to continue its dominant share in terms of revenue by 2030.

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Key Players in the Industry-

HYTERA Communications Corporation Limited
SIMOCO Group
BITEA Limited
ROHILL Engineering B.V.
DAMM Cellular Systems A/S
SEPURA PLC
Airbus Defense and Space OY
Motorola Solutions, Inc.
ROLTA India Limited
JVCKENWOOD Corporation

Text Analytics Market Expected to Reach USD 29.42 Billion by 2030 | Top Players Such as – Clarabridge, Luminoso Technologies and Megaputer Intelligence

Surge in need for social media analytics, predictive analytics for businesses, and rise in penetration of cloud computing technology drive the growth of the global text analytics market. However, lack of awareness, skilled workforce, & other operational challenges and data privacy & security concerns hinder the market growth. On the other hand, enhancing customer service and competitive intelligence present new opportunities in the coming years.

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The global text analytics market is segmented into component, deployment model, enterprise size, application, industry vertical, and region. By component, the market is bifurcated into software and services. On the basis of deployment model, it is categorized into on-premises and cloud. Depending ion enterprise size, the market divided into large enterprises and SMEs. The applications covered in the study include customer experience management, marketing management, governance, risk, and compliance management, document management, workforce management, and others. As per industry vertical, the market is fragmented into retail, BFSI, travel & hospitality, media & entertainment, healthcare, IT & telecom, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on component, the software segment held the highest market share in 2020, accounting for nearly three-fifths of the global text analytics market, and is estimated to maintain its leadership status throughout the forecast period. This is because it enables faster data extraction, data categorization, sentiment analysis, helping differentiate between people, and named entity recognition (NER), and even identifying the context. Moreover, the service segment is projected to manifest the highest CAGR of 19.1% from 2021 to 2030, as it helps organizations evaluate billions of points of view from a million people and determine the best course of action for their products (and even their brand as a whole) based on their customers’ preferences to assure customer happiness and increase revenues.

Based on deployment model, the on-premise segment accounted for the largest share in 2020, contributing to nearly three-fifths of the global text analytics market, and is projected to maintain its lead position during the forecast period. This is due to the fact that as it allows to be hosted within the organization’s network, giving the organization superior control over the functionality and performance of the software. However, the cloud segment is expected to portray the largest CAGR of 18.8% from 2021 to 2030, as it helps in rapid scalability and flexibility of cloud-based deployments along with further cost-effectiveness of this solution.

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Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly one-third of the global text analytics industry, owing to high adoption of text analytics solutions across end-user segments such as BFSI, retail, and healthcare and increasing investments in new technologies such as data analytics, big data, and machine learning. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 19.3% during the forecast period, owing to, evolving consumer trends in the region and high population density enabling business better customer insights.

The key players profiled in the text analytics market analysis are Clarabridge, Inc., IBM, Luminoso Technologies, Inc., Megaputer Intelligence, Inc., Microsoft Corporation, Micro Focus LLC, Open Text Corporation, Oracle Corporation, SAP SE, and SAS. These players have adopted various strategies to increase their market penetration and strengthen their position in the text analytics industry.

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Covid-19 Scenario

  • The text analytics market has witnessed stable growth during the COVID-19 pandemic, owing to rise in investments in emerging technologies, such as artificial intelligence and machine learning.
  • Moreover, text analytics is being widely adopted by small and medium-sized enterprises (SMEs) to gain results in real-time, make strategic decisions, and resolve customer issues at priority basis.
  • In addition, text analytics identify actionable insights by aggregating text analysis results and incorporating business intelligence (BI) tools or easy-to-understand reports and graphics.  This is positively influencing its utilization in the media, retail, healthcare, travel & tourism, military and defense, information technology (IT) & telecommunication, and banking, financial services, and insurance (BFSI) sectors.

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Photonic Sensors Market: Comprehensive Information On Latest Trends, Growth Strategies, and Competitions among the Players 2020-2030

As per the report, the global photonic sensors industry was accounted for $20.18 billion in 2020, and is expected to reach $94.26 billion by 2030, growing at a CAGR of 16.8% from 2021 to 2030. Need for improve safety & security solutions, surge in wireless sensing solutions, and enhanced alternatives for conventional technology have boosted the growth of the global photonic sensors market. However, high initial investment hinders the market growth. On the contrary, rise in number of smart industries and surge in adoption of photonics technology would unlock new opportunities in the future.

Major Players:

BK Technologies, BAE Systems, Hytera Communications, General Dynamic Corporation, L3 Harris, ICOM Inc, MCS Digital, Leonardo S.P.A., Thales Group, Motorola Solutions

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Photonic Sensors Market
Photonic Sensors Market

KEY BENEFITS FOR STAKEHOLDERS:

  • The study offers readers an in-depth analysis of the global Photonic Sensors Market, with current trends and future estimations to interpret the forthcoming investment pockets.
  • Thorough market research has been done with essential information related to key drivers, restraints, and opportunities of the global Photonic Sensors Market.
  • A quantitative as well as qualitative analysis of the Photonic Sensors Market outlook forecast is done which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • Porter’s five forces study helps analyze the buyers & suppliers network and make profitable business decisions by understanding the competitive scenario.
  • The report includes an analysis of regional segments, market segments, key players, application areas, and market growth strategies.
  • Major economies in each region are mapped according to their revenue contribution to the global Photonic Sensors Market.

The fiber optic sensor segment held the largest share

By product, the fiber optic sensor segment held the largest share in 2020, accounting for more than one-third of the global photonic sensors market, due to rise in demand in smart homes and buildings because of surge in energy crisis and security concerns. However, the biophotonic sensor segment is expected to register the highest CAGR of 17.6% during the forecast period.

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The fiber optic technology segment dominated the market

By technology, the fiber optic technology segment held the lion’s share in 2020, contributing to more than one-third of the global photonic sensors market, as it is a cost effective technology and offers long-distance intrusion monitoring, which has major application in telecommunication industry. However, the laser technology segment is estimated to manifest the highest CAGR of 17.4% from 2021 to 2030, as it allows 3D imaging in applications and reduces power consumption and offer accurate sensing functions.

North America held the largest share

By region, the market across North America dominated in 2020, holding more than one-third of the market, due to development toward industry automation and its application in industry processes in detecting wear and tear of the machinery. However, the global photonic sensors market across Asia-Pacific is projected to portray the highest CAGR of 19.1% during the forecast period, owing to presence of major market players in the region.

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Photonic Sensors Market Report Highlights

By Product

• Fiber Optic Sensor

• Image Sensor

• Biophotonic Sensor

• Others

By Technology

• Fiber Optic Technology

• Laser Technology

• Biophotonic Technology

By Application

• Industrial

• Healthcare

• Automotive And Transportation

• Safety And Security

• Others

By Region

• North America  (U.S., Canada, Mexico)

• Europe  (U.K., Germany, France, Rest of Europe)

• Asia-Pacific  (China, Japan, India, South Korea, Rest Of Asia Pacific)

• LAMEA  (Latin America, Middle East, Africa)

Key Market Players

Leonardo S.R.L., MCS Digital, General Dynamics Corporation, Hytera Communications Corporation Ltd, L3 Harris, BAE Systems plc, BK Technologies Corporation, ICOM Incorporation, omnisys – thales group, Motorola Solutions

Workplace Safety Market Expected to Reach USD 39 Billion by 2031| Top Players Such as – Hexagon AB, Wolters Kluwer and Bosch

Introduction of smart PPE serves as a potential opportunity for the expansion of the global workplace safety market. The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global workplace safety market, owing to the implementation of global lockdown which resulted in the adoption of work-from-home culture across the globe.

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The global workplace safety market is segmented on the basis of component, system, deployment, application and end user. On the basis of component, it is segregated into hardware, software, and service. On the basis of system, it is divided into environmental health and safety, access control and surveillance system, real time location monitoring, and others. On the basis of deployment, it is bifurcated into on-premise and cloud. On the basis of application, it is classified into incident and emergency management, PPE detection, personal tracking and others. On the basis of end user, it is segregated into energy and utilities, construction and engineering, chemical and materials, government and defense, healthcare, food and beverages and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on component, the hardware segment held the highest share in 2021, accounting for more than two-fifths of the global workplace safety market, and is expected to continue its leadership status during the forecast period. However, the services segment is expected to register the highest CAGR of 13.8% from 2022 to 2031.

Based on system, the environmental health and safety segment accounted for the highest share in 2021, contributing to more than two-fifths of the global workplace safety market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the real time location monitoring segment is expected to manifest the highest CAGR of 14.3% from 2022 to 2031.

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Based on region, North America held the largest share in 2021, contributing to around one-third of the global workplace safety market share. In addition, the Asia Pacific region is projected to maintain its dominant share in terms of revenue in 2031 and is expected to manifest the fastest CAGR of 15.4% during the forecast period.

Leading market players of the global workplace safety market analyzed in the research include HCL Technologies Ltd, inx software, Microsoft Corporation, hexagon ab, Wolters Kluwer, vector solutions, Bosch Ltd, IBM CORPORATION, Honeywell International Inc., intelex.

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Covid-19 Scenario:

  • The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global workplace safety market, owing to implementation of global lockdown which resulted in the adoption of work-from-home culture across the globe.
  • The market is expected to grow rapidly even after the pandemic.

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About Us 

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

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Future of Food Authenticity Market to be at $10.0 Billion Opportunity, CAGR 6.9 % | Europe was dominant region

According to a new report published by Allied Market Research, titled, “Food Authenticity Market by Target testing, Technology, and Food Tested: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global food authenticity market was valued at $5.3 billion in 2017, and is estimated to reach $10.0 billion by 2030, registering a CAGR of 6.9 % from 2021 to 2030. In 2017, the (PCR) polymerase chain reaction technology segment accounted for more than one-third share of the total food authenticity market.

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Global Leaders:

Archer Daniels Midland Company, BASF SE, Cargill, Inc., Danone, DuPont de Nemours, Inc., General Mills Inc., Koninklijke DSM N.V., Nestle S.A., PepsiCo, Inc., and Yakult Honsha Co., Ltd.

Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers or customers. The food standards agency (FSA) specifies two main target testing of food frauds, namely sale of food that is unfit and potentially harmful, and deliberate mis-description of food. In the recent times, food authenticity testing is not just a tool to identify gross substitution such as whisky, horsemeat, or olive oil, it is now quite possible to differentiate between Welsh or Scottish lamb, farmed or wild salmon, and pure or sweetened fruit juice. Food authenticity testing is not only used in identification of gross substitution in whisky, horsemeat, or olive oil but also is used to differentiate between Welsh or Scottish lamb, farmed or wild salmon, and pure or sweetened fruit juice.

Increased economically motivated adulterations (EMA) due to high competition and rise in incidence of food frauds globally are the prime factors that boost the growth of the global food authenticity market in the near future. Various regulations on food safety particularly in the developed economies, growth in instances of food fraud, and rise in economically motivated adulterations (EMA), owing to high competition among food producers drive the food authenticity market. However, high cost of food authenticity, availability of relatively cheap substitutes, and anti-dumping policies on food authenticity are expected to hamper the food authenticity industry growth.

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In 2017, the processed food segment was the leading revenue contributor to the global food authenticity market. The processed food segment includes numerous processed products, such as infant formula, packaged food, wine, bakery & confectionery, and other processed food products; hence, there are large chances for food frauds.

By target testing, the market is classified into meat speciation, country of origin & aging, adulteration test, and false labelling. The report emphasizes on different technologies used for food authenticity, which include polymerase chain reaction based, liquid chromatography–mass spectrometry, isotope method, immunoassay based/ELISA, and others. Depending on food tested, it is categorized into meat & meat products; dairy & dairy products; cereals, grains, and pulses; processed food; and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings Of The Study

In 2017, Europe dominated the global food authenticity market, with more than two-fifths Food authenticity Market share in terms of value.
Asia-Pacific is estimated to witness the highest growth during the forecast period.

The (PCR) polymerase chain reaction segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 8.2% from 2021 to 2030 and generated the highest revenue in 2017.

The meat speciation segment is estimated to register a highest growth rate, in terms of revenue, registering a CAGR of 7.8%.
In 2017, processed food was the leading segment, which occupied around one-third food authenticity Market share in global food authenticity market, in terms of revenue.

In 2017, Europe dominated the global market, owing to the strict food safety regulations and large number of consumer complaints. Furthermore, presence of major players in the region is anticipated to boost the food authenticity market in the near future. North America is the second leading revenue contributor to the global food authenticity industry, and is expected to register a CAGR of 5.1% in terms of revenue.

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Frozen Food Packaging Market

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Global Paint Remover Market to growing 4.6% CAGR from 2022 to 2032 | Global Value $1.5 billion 

Allied Market Research published a report, titled, “Paint Remover Market by Type (Solvent, Caustic, Acidic, and Others), By Application (Vehicle Maintenance, Industrial Repair, Building Renovation, Furniture Refinishing, and Others), By Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the paint remover market valued for $1.0 billion in 2022 and is estimated to reach $1.5 billion by 2032, exhibiting a CAGR of 4.6% from 2022 to 2032.

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Paint removers play a crucial role in industrial maintenance and repair tasks by facilitating the stripping of old coatings, allowing for repairs, surface treatment, and reapplication of protective coatings. The demand for paint removers in the industrial sector is driven by the need for efficient and reliable surface preparation solutions. These factors collectively contribute to the increasing demand for paint removers in various applications and are driving the growth of the paint remover market. However, health and safety risks associated with paint remover products restrains the market growth to some extent. Nevertheless, increased investments in construction and infrastructure provides ample opportunities in the upcoming years.

Based on type, the solvent segment accounted for the largest share in 2022, contributing to around two-fifths of the global paint remover market revenue. The solvent paint remover segment has been influenced by factors such as construction and renovation activities, industrial maintenance, and consumer demand for DIY projects. While the other segment is expected to grow at the highest CAGR of 5.1% during the forecast period.

Based on application, the industrial repair segment accounted for the largest share in 2022, contributing more than one-third of the global paint remover market revenue, and is projected to register the highest CAGR of 4.9% during the forecast period, owing to an increase in demand for paint remover in the aerospace and marine industry.

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Based on region, the North America region held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global paint remover market, owing to the presence of well-established aerospace and marine industries. While the Asia-Pacific region is expected to grow at the highest CAGR of 4.9% during the forecast period.

Leading Market Players: –

Asian paints
Nippon Paint Holdings Co., Ltd.
Henkel AG & Co. KGaA
Fiberlock
PPG Industries, Inc.
Akzo Nobel N.V.
Franmar
United Gilsonite Laboratories
EZ Strip Inc.
Sunnyside

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The report provides a detailed analysis of these key players in the global paint remover 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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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.