A Market Place Research – Page 35

Electric Aircraft Market Register Unwavering Growth $23.5 billion by 2031

Significant factors impacting the growth of the electric aircraft market include integration of AI and ML in optimization of power resources, technological innovation to improve the efficiency of aircraft batteries, customer-centric approach, goal to achieve carbon net neutrality, rise in number of electric aircraft vendors across the globe, impact of COVID-19, establishment of regulatory infrastructure, increase in air traffic passengers, inclination of end-user towards human-machine interface, supporting automation, and threat of cybersecurity and data breach.

The electric aircraft industry size was valued at $8.50 billion in 2021, and is estimated to reach $23.5 billion by 2031, growing at a CAGR of 10.9% from 2022 to 2031.

North America accounted for a significant share of the global electric aircraft market in 2021. North America includes the U.S., Canada, and Mexico. North America is expected to account for a prominent share of the market owing to presence of significant number of companies in the region. Technological advancement in North America is intended to ensure secure, cost-effective, and efficient channels of electric aircraft manufacturing processes.

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The U.S. has an extensive air transportation network. In 2020, eight of the world’s thirty busiest airports by passenger volume were in the U.S. Denver International Airport is the largest U.S. airport by size, covering a surface of 137.26 km² (33,917 acres). Due to the geography of the U.S. and the generally large distances between major cities, air transportation is the preferred method of travel for trips over 300 miles (480 km), such as for business travelers and long-distance vacation travelers, which can be a major driver for the US electric aircraft market.

On the basis of platform, the global electric aircraft market has been segmented into fixed wing and rotary wing. The rotary wing segment accounted for a significant market share in 2021. The rotary wing segment refers to revenue generated through sales and manufacturing of helicopter, drones and other rotary wing electric aircrafts. The rise in demand to strengthen military forces and increase in application of helicopter in medical, tourism and commercial application support the growth of this segment.

The fixed wing segment is expected to experience significant growth during the forecast period. This segment includes revenue generated through sales and manufacturing of electric aircrafts that are integrated in fixed wing commercial as well as military aircraft. Aggressive research and development by global players on commercial front to reach carbon neutrality level and reduce carbon footprint of aviation industry support the segment growth. The aim is projected to accelerate innovations within the fixed wing segment, generating novel business potential.

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Aerostructures are one of the most crucial components of electric aircraft. The efficiency of electric propulsion system coupled with aerodynamics of an aircraft will play a major role in deciding the flight length of an aircraft. New design concepts and innovation in manufacturing technologies to manufacture aircrafts with improved aerodynamics is one of the major factors supporting the market growth.

Both primary (single use) and secondary (rechargeable) batteries can be utilized in aviation applications. Any battery intended for use as a power source for devices installed on or regularly transported on aircraft must not only be secure but also ideally have a high energy density, be lightweight, dependable, require little upkeep, and function effectively over a broad range of environmental conditions. Battery manufacturers continue to develop new technologies in an effort to realize these ideals, but frequent compromises in these non-safety objectives are required, and in some cases, the safety implications of new designs have been overlooked, especially in light of the rapidly expanding use of Lithium batteries. Research and development toward increase in overall operating capacity of battery support the business opportunities.

Top Companies
Key players operating in the global electric aircraft market include AeroVironment, Airbus, Ampaire, Duxion, EHang Holdings Ltd., Elbit Systems Ltd., Embraer SA, Eviation, Joby Aviation, Lilium, Pipistrel Aircraft, Rolls Royce Plc, Volocopter GMBH, Wright Electric, Inc., and ZeroAvia.

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Segmentation Based On:

By Takeoff Type
• Conventional Takeoff and Landing
• Short Takeoff and Landing
• Vertical Takeoff and Landing

By Component
• Batteries
• Electric Motors
• Aerostructures
• Avionics
• Others

By End Use
• Commercial
• Military

By Platform
• Fixed Wing
• Rotary Wing

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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Electric Ships Market Record Ascending Growth of $23.8 Billion by 2032

Electric ships are water-based vessels that utilize electric motors, eliminating the need for conventional combustion engines and resulting in zero emissions. This makes them a highly sustainable option for urban transportation. In addition to their eco-friendly nature, electric ferries provide several distinct advantages over conventional ferries, which includes cost-effectiveness, reduced noise and vibration, enhanced efficiency, improved passenger experience, and lower maintenance requirements. Electric ferries provide cost advantages through lower operational expenses attributed to the relatively inexpensive cost of electricity compared to traditional fossil fuels. Furthermore, they necessitate reduced maintenance and possess fewer components, offering potential long-term cost savings.

The electric ships industry was valued at $4.6 billion in 2022, and is estimated to reach $23.8 billion by 2032, growing at a CAGR of 18% from 2023 to 2032.

Retrofitting refers to the process of upgrading existing ships with new technologies or systems to improve their performance, efficiency, or compliance with environmental regulations. Retrofitting allows ship owners to gradually adopt electric propulsion technology without the need for a complete fleet replacement. Retrofitting a hybrid system provides a more cost-effective approach to transition towards electric ships. This lower barrier to entry makes electric propulsion more accessible and attractive to ship owners.

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LAMEA comprises Latin America, Middle East, and Africa. The growth of the electric ships market in the LAMEA region is driven by the abundant renewable energy potential available, such as solar and wind resources. Electric ships can tap into this potential by utilizing renewable energy sources to charge their batteries. This integration of electric ships with clean energy aligns with the region’s focus on sustainable practices and supports the development of a greener and more environmentally friendly maritime sector.

There is a rise in the adoption of advanced electric ferry technology to meet the growing demand for efficient and environmentally friendly marine transport. Moreover, Dubai authorities plan to explore innovative and eco-friendly transportation options to enhance the city’s infrastructure and sustainability efforts. For instance, in October 2022, Artemis Technologies, a UK-based company reportedly engaged in discussions with Dubai authorities to introduce high-speed electric ferries in the region. The company aims to leverage its expertise in electric propulsion systems and fast-charging technology to deliver efficient and sustainable transportation solutions. The proposed electric ferries would offer high-speed capabilities, potentially revolutionizing marine transport in Dubai. The use of electric propulsion systems would ensure zero-emission operations, reducing environmental impact and improving air quality in the region. Such developments are expected to drive the growth of the market in the region.

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On the basis of propulsion type, the global electric ships market is segmented into fully electric and hybrid. Fully electric ships are ships that completely rely on electric power for propulsion and onboard systems, eliminating the requirement for conventional fossil fuel engines. These ships utilize energy from different sources, such as batteries or fuel cells, to drive the ship forward and fulfill all electrical needs during its operation.

Unlike traditional fossil fuel-powered ships that emit greenhouse gases (GHGs), such as carbon dioxide (CO2), sulfur oxides (SOx), and nitrogen oxides (NOx), electric ships produce no harmful emissions during their operation. Moreover, ports are increasingly using electric ships for environmental and economic benefits. For instance, in August 2019, New Zealand’s Ports of Auckland signed a contract with Damen Shipyards for a purchase of a fully electric ship-handling tug. The electric tug is a Damen RSD-E Tug 2513 model which was unveiled in 2018. It has a bollard pull of 70 tonnes, making it a powerful and efficient vessel for ship-handling operations. In addition, stringent environmental regulations and targets are being implemented globally to curb emissions from the shipping industry.

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For instance, the adoption of the revised GHG Strategy during the 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80) in July 2023, marks a significant step towards curbing greenhouse gas (GHG) emissions from international shipping. The new targets aim to progressively reduce GHG emissions from international shipping. By 2030, the target is to achieve a 20% reduction in emissions compared to 2008 levels. This reduction will be further increased to 70% by 2040. Such ambitious targets encourage the shipping industry to adopt cleaner and more sustainable alternatives to traditional fossil fuel-powered ships which is expected to drive the growth of fully electric ships.

Segmentation Based on:

• By Propulsion Type
• Fully Electric
• Hybrid

By Mode of Operation
• Autonomous
• Non-autonomous

By System
• Energy Storage
• Power Conversion
• Power Generation
• Power Distribution

Top Companies:
Key players operating in the global electric ships market include Leclanché SA, Siemens, Wartsila, ECHANDIA AB, KONGSBERG, ABB, Corvus Energy, HOLLAND SHIPYARDS GROUP, Brodrene Aa, and Norwegian Electric Systems. The companies are adopting strategies such as agreement, product development, partnership, contract, and others to improve their market positioning.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Face Shield Market Value To Cross $2.4 Billion By 2031 | Growth With Recent Trends & Demand

Allied Market Research published a report, titled, “Face Shield Market by Type (Disposable, Reusable), by Product Type (Half Face Shield, Full Face Shield), by End-use Industry (Healthcare, Manufacturing, Construction, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global face shield industry generated $1.3 billion in 2021, and is estimated to reach $2.4 billion by 2031, witnessing a CAGR of 6.5% from 2022 to 2031. 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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Drivers and Opportunities

Increase in demand for healthcare sectors wherein face shields are widely used for protection from hazards, growth of the construction sector, and rise in demand for consumer goods which has surged the development of chemical manufacturing facilities in both developed and developing economies drive the growth of the global face shield market. However, materials used for the production of face shields such as polycarbonate, acetate, polyethylene terephthalate glycol, and others are derived from crude oil which is a highly volatile commodity in terms of cost. Thus, the volatility in crude oil prices affects the prices of face shields, which hampers the market growth. On the other hand, increase in awareness of safe working conditions in both developed and developing economies, and the emergence of eco-friendly reusable face shields present new opportunities for the market in the coming years.

Covid-19 Scenario

Many local players got involved in the manufacturing of face shields, owing to the increase in demand for face shields and other protective equipment during the COVID-19 pandemic period. This made the availability of face shields at relatively low prices.
The face shield market witnesses a healthy growth rate during the post-COVID-19 period, owing to increase in awareness of personal protection equipment and communicable diseases, and rise in expenditure on healthcare facilities across the world.
Increased spending on the development of the healthcare sector resulted in the growing demand for face shields used for the face protection of health professionals and workers.

The reusable segment to rule the roost during the forecast period

Based on type, the reusable segment was the largest market in 2021, contributing to more than half of the global face shield market, and is expected to maintain its leadership status during the forecast period. Moreover, the same segment is projected to witness the fastest CAGR of 6.7% from 2022 to 2031. There are certain advantages associated with the use of reusable face shields such as their eco-friendly nature, inexpensiveness, and easy availability that has made customers become more linear toward using reusable face shields, which drives the segment.

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The full face shield segment to maintain its dominance during the forecast period

Based on product type, the full face shield segment held the largest market share of more than three-fifths of the global face shield market in 2021, and is expected to maintain its dominance during the forecast period. Moreover, the same segment is projected to witness the largest CAGR of 6.6% from 2022 to 2031. Full face shields come with both adjustable and fixed visor and are mostly used by doctors, nurses, medical staff, workers, and armed forces for protection from germs, viruses, bacteria, hazardous chemicals, and others. Full face shields find wide application in sectors including construction, medical, chemical industries, oil & gas, and others.

The manufacturing segment to maintain its dominance during the forecast period

Based on end use industry, the manufacturing segment held the largest market share of more than one-third of the global face shield market in 2021, and is expected to maintain its dominance during the forecast period. Moreover, the same segment is projected to witness the highest CAGR of 6.9% from 2022 to 2031. This is attributed to the increasing demand for consumer goods, which in turn, has surged the development of chemical manufacturing facilities in both developed and developing economies where face shields are widely used for the protection from hazardous and toxic chemicals, fumes, and other harmful gases.

Europe to maintain its dominance by 2031

Based on region, Europe was the largest market in 2021, capturing nearly two-fifths of the global face shield market, and is expected to lead the trail during the forecast period. Germany is the most promising market in the region due to the increased adoption of face shields in the automotive sector. Furthermore, countries such as the UK and Italy put more emphasis on construction activities where face shields are used by workers to prevent themselves from optical radiations or sparks during metal cutting, brazing, and other operations. However, the Asia-Pacific market is projected to manifest the fastest CAGR of 7.3% during the forecast period. The growth in building & construction, transportation, industrial, and other sectors has enhanced the performance of the face shield market in the region. China’s industrial sector is increasing rapidly, which in turn, has enhanced the performance of the face shield market in the region.

Leading Market Players

JBC Technologies Inc.
Printex Transparent Packaging
Vee Protect
Honeywell International Inc.
Alpha Pro Tech Ltd.
Casoc Bay Molding
Kimberly-Clark Worldwide Inc.
Lakeland Inc.
Precept Medical Products Inc.
Pyramex Safety Products
Sanax Protective Products
Key Surgical
Medline Industries LP
The 3M Company
KARAM

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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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Railway Telematics Market to Discern Stable Expansion $12.43 Billion by 2030

Railway telematics is the combination of numerous components such as sensors, GPS & navigation system, LiDAR, RADAR and several components which are helpful in safer and smoother propulsion of the train. With the advancement in technology followed by the development of railway infrastructure, the need for the installation of several devices aroused which has the potential to provide real-time information of the train in all conditions.
The global railway telematics industry size was valued at $4.98 billion in 2020, and is projected to reach $12.43 billion by 2030, registering a CAGR of 9.5% from 2021 to 2030.

Telematics in railways are installed to keep a record of the information related to the status of the vehicle, distance covered by the vehicle, keeping a track of surrounding information and other things. Telematics in trains are connected at the on-board diagnostics port (OBD II Port) of the engine, which is located beneath the operating panels of the engine as well as at different locations across the train compartments, thus making the installation of the device an easier process. Once the component is installed in trains, it starts to record the information on numerous aspects such as suspension, shock absorption, weight on the trains, live status and others.

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Europe dominates the market in terms of revenue, followed by Asia-Pacific, North America, and LAMEA. France garnered the highest share in 2020. However, LAMEA is expected to grow at a significant rate during the forecast period, due to increase in infrastructural development across LAMEA region.

In addition, numerous developments have been carried out by key manufacturers such as Alstom, Siemens AG, ORBCOMM, Railnova and others toward the introduction of advanced telematics devices, which has supplemented the growth of the global railway telematics market. In line with the same, the increased railway budget towards infrastructure development coupled with the need for modernization and introduction of autonomous trains is acting as a booster for the growth of the global market.

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The global railway telematics market is segmented on the basis of solution, mode of operation, train type and region. Based on solutions, the global market is segmented into fleet management, collision detection & prevention, railway tracking & tracing and others. Based on mode of operation, the market is segmented into semi-autonomous and fully autonomous. Based on train type, the market has been segmented into passenger train and freight train. By region, the global railway telematics market report has been analyzed across North America, Europe, Asia-Pacific and LAMEA.

Factors such as increase in allocation of budget for development of railways, rise in demand for secure, safer & efficient transport system and reduction in pollution & accidents supplements the growth of the market across the globe. However, high possibilities of hacking the system and high cost incurred in train automation are the factors that are expected to hamper the growth of the market across the globe. Moreover, factors such as improvement in railway infrastructure in developing countries and increase in freight transport through train are the factors that are expected to provide numerous opportunities for the growth of railway telematics market across the globe.

Top Companies:
The key players analyzed in this report are Alstom, Hitachi Ltd., Intermodal Telematics, Intrex Telematics, ORBCOMM, Railnova, Robert Bosch GmbH, Savvy Telematics, Siemens AG and Trinity Industries.

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Segmentation Based On:

By Solution:
Fleet Management
Collision Detection & Prevention
Railway Tracking & Tracing
Others

By Mode of Operation:
Semi-Autonomous
Fully Autonomous

By Train Type:
Passenger Train
Freight Train

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Pharmaceutical Logistics Market to Discern $106.8 Billion by 2031

The pharmaceutical supply chain industry size 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.

There are prominent key factors that drive the growth of the pharmaceutical supply chain 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 supply chain. 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 supply chain industry.

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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 supply chain 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.

The pharmaceutical supply chain 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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Segmentation Based on:

By Business Type:
Transportation
Warehousing
Value added Services

By Application:
Bio Pharma
Chemical Pharma
Speciality Pharma

By Type:
Non Cold Chain
Cold Chain

By Operation:
Seaways
Roadways
Railways
Airways
Storage and Services

Top Companies:
The key players that operate in this pharmaceutical supply chain 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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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Hypercar Market Perceive Robust Expansion $15.2 billion by 2031

According to a new report published by Allied Market Research, titled, “Hypercar Market,” The Hypercar Industry Size was valued at $15.2 billion in 2021, and is estimated to reach $224.5 billion by 2031, growing at a CAGR of 31.1% from 2022 to 2031.

Europe is expected to dominate the global hypercar market. Italy, Germany, and UK are some of the leading producers. The prominent presence of the industry’s leading players is assisting the industry’s growth in Europe. In July 2022, Red Bull announced their first in-house hypercar RB17 at $5.62 million. The Advanced Technologies division of Red Bull’s Formula One team has announced plans to launch its own $5.62 million million hypercar in 2025. The limited edition, two-seated RB-17 will be built at Red Bull’s Milton Keynes factory, with only 50 cars built for civilian use rather than professional Formula 1 racing.

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/hypercar-market/purchase-options

Several companies operating in hypercar market are launching new electric hypercar in the market, which fuels the growth of the market. For instance, in March 2019, Automobili Pininfarina unveiled its new electric hypercar Battista at Geneva Motor Show. The new car has 1900 Bhp, and 2300 nm torque. It has potential to accelerate to 62 mph in less than two seconds, which is faster than a Formula 1 car.

The growth of the global hypercar market is propelling, due to growth in demand for comfortable and luxurious driving experience. However, high cost of hypercars is the factor hampering the growth of the market. Furthermore, production of electric hypercars is the factor expected to offer growth opportunities during the forecast period.

𝐂𝐎𝐕𝐈𝐃-19 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The impact of the COVID-19 pandemic resulted in supply-chain disruptions, causing low sales of passenger cars and temporary suspension of production of vehicles across the globe. The global automotive production has witnessed decline by 16% in 2020 as compared to automotive production in 2019. Moreover, the global sales of automotive witnessed drop by around 14% (Y-o-Y) from 90.42 million units in 2019 to 77.97 million units in 2020.

In addition, the COVID-19 pandemic also forced hypercar manufacturers to halt the launch and the production of their new hypercars across the globe. For instance, in 2020, Bugatti had to halt the plan to launch its new Chiron hypercar due to the COVID-19 crisis.

However, post pandemic, development of electric and hybrid hypercars has been observed, which is expected to drive the growth of the hypercar market during the forecast period. For instance, in January 2021, Toyota Motor Corporation launched the GR010 hybrid Le Mans hypercar, which is powered by hybrid powertrain.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

– By propulsion, the battery electric segment is anticipated to exhibit significant growth in the near future.
– By end-use, the racing 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.

Key players operating in the global hypercar market include Aston Martin, Audi AG, Automobili Lamborghini S.P.A, Bentley Motors, BMW AG, Bugatti – — — Automobiles S.A.S, Ferrari N.V., Horacio Pagani S.P.A, Koenigsegg Automotive AB, Mclaren Group Limited, Mercedes-Benz Group AG, and Porsche Automobil Holding SE.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Reinforcement Materials Market Value To Cross $36.8 Billion By 2030 | Top Companies and Industry Growth Insights

According to the report published by Allied Market Research, the global reinforcement materials market generated $16.3 billion in 2020, and is estimated to generate $36.8 billion by 2030, witnessing a CAGR of 8.7% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.

Increase in global construction activities, rise in end-use applications of fiber composites, GRFM advantages, surge in demand for lightweight materials that reduce car emissions significantly drive the growth of the global reinforcement materials market. On the other hand, complex and expensive carbon fiber manufacturing process impede the market growth. However, surge in adoption of reinforced materials from the automotive industry create new opportunities in the coming years.

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Covid-19 scenario:

The outbreak of Covid-19 had a negative impact on the global reinforcement materials market. Due to the worldwide lockdown many construction and other industries have been halted, resulting in a drop in demand for reinforcement materials.
Manufacturing, aerospace & defense, transportation, and wind energy are the primary industries that utilize reinforcement materials, and these industries have seen a sharp decline in growth rates as a result of the national lockdown. The market for construction materials dropped significantly in the first quarter of 2020, and this trend is expected to continue for the next six months.
Due to interruptions in the global supply chain and delays in the refining and petrochemicals activities, which are major end-users of aramid fiber, the aramid fiber market is moderately affected.

The report offers detailed segmentation of the global reinforcement materials market based on material type, end user, and region.

Based on material type, the glass fiber segment held the highest market share in 2020, accounting for nearly three-fifths of the total share, and is projected to maintain its leadership status during the forecast period. However, the carbon fiber segment is estimated to grow at the fastest CAGR of 10.9% from 2021 to 2030.

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Based on end-user, the construction segment accounted for the largest share in 2020, contributing to nearly one-third of the global reinforcement materials market, and is expected to maintain its lead position during the forecast period. However, the industrial segment is projected to portray the highest CAGR of 9.4% from 2021 to 2030.

Based on region, Asia-Pacific contributed the highest share in 2020, accounting for nearly two-fifths of the total share, and is expected to continue its dominant share in terms of revenue by 2030. Moreover, the same segment is projected to manifest the largest CAGR of 9.0% during the forecast period.

Leading players in the global reinforcement materials market discussed in the research include Bast Fibers LLC, BASF SE, Binani Industries, Honeywell International Inc., DuPont, NFC FIBERS GMBH, Hyosung Corporation, Teijin Limited, Owens Corning, and Toray Industries Inc.

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Energy Logistics Market to Gain Significant Value $1,383.74 billion in 2031

According to a new report published by Allied Market Research, titled, “Energy Logistics Market,” The Energy Logistics Industry was valued at $351.20 billion in 2021, and is estimated to reach $1,383.74 billion by 2031, growing at a CAGR of 14.7% from 2022 to 2031.

The concept of energy logistics is typically attributed to the outsourcing model of energy-based logistics operations, where the service provider integrates with the company’s supply chain department. This logistics partner is responsible for assessing, designing, building, running, and measuring integrated supply chain solutions for the organization. It handles the complete process-to-pay workflow, including managing inbound raw material supply, dynamic logistics, demand-driven logistics, and global distribution. For instance, in August 2021, DSV acquired Agility’s Global Integrated Logistics (GIL) business, which made DSV offer better solutions across air freight, ocean freight, road transport, project transportation, and contract logistics and made DSV the third largest freight forwarder in the world.

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/energy-logistics-market/purchase-options

In addition, the Global energy logistics market has witnessed significant growth in recent years, owing to improved customer service, reduction in operating costs, and the emergence of a large number of manufacturers & regional energy logistics operators. Furthermore, the companies operating in the market have adopted partnerships, acquisitions, and business expansion to increase their market share and expand their geographical presence. For instance, in May 2022, Kuehne + Nagel International AG partnered with Shell Plc, a British multinational oil and gas company, to support the construction of one of Europe’s most extensive biofuel facilities. Kuehne + Nagel International AG helped in the heavy-lift logistics and module transportation for the hydro-processed esters and fatty acids (HEFA) biofuels project for the facility in the Netherlands. In addition, it also provided sustainable logistics solutions for the safe transport of all machinery and equipment to set up the plant.

The factors such as rise in trade-related agreements, rise of tech-driven energy logistics services, growth in adoption of IoT-enabled connected devices, and increase in wind energy production capabilities supplement the growth of the energy logistics market. However, poor infrastructure & higher logistics costs and lack of control of manufacturers on logistics service are the factors expected to hamper the growth of the market. In addition, emergence of last-mile deliveries coupled with logistics automation and improvement in efficiency and workforce safety creates market opportunities for the key players operating in the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/8176

COVID-19 Impact Analysis:

Owing to this pandemic, many businesses are halted and are waiting for the market conditions to improve. As a consequence of the coronavirus outbreak, important supply chains in the logistics and transportation industry are hampered, though differently across air, freight, and sea sectors. In addition, logistics firms, which are involved in the movement, storage, and flow of goods, have been directly affected by the COVID-19 pandemic. As an integral part of value chains, both within and across international borders, logistics firms facilitate trade & commerce and help businesses get their products to customers. China has its vast supply chain network operational across most of the COVID-19-affected countries, including the U.S., India, Japan, South Korea, Italy, Germany, Spain, the UK, Hong Kong, and Singapore. Moreover, apart from China, all these countries are also involved in trade activities with one another for exchange of varied essential & non-essential goods, including energy-based products, automobile & their ancillary parts, industrial equipment, mobile phones, and even active pharmaceutical ingredients (APIs). However, because of the COVID-19 outbreak, countries were left with no choice but to temporarily discontinue their trading activities with one another, which adversely impacted the supply of goods, thus causing a disruption in the supply chain.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By application, the renewable energy segment dominated the global energy logistics market in terms of growth rate.
By end user, the government sector segment dominated the global energy logistics market in terms of growth rate.
By mode of transport, the railways segment dominated the global energy logistics market in terms of growth rate.

𝐌𝐚𝐤𝐞 𝐚 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 : https://www.alliedmarketresearch.com/purchase-enquiry/8176

The leading players operating in the energy logistics market are A.P. Moller – Maersk, Apollo Power Ltd., Beijing Automobile Co., Ltd., BYD Motors Inc., C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG, Dongfeng Motor Company, DSV, Geodis, Hellmann Worldwide Logistics, Kuehne+Nagel International AG, Logistics Plus Inc., MGF, Phoenix Freight Systems, Rhenus Group, and Yusen Logistics Co., Ltd.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Autonomous Emergency Braking System Market Discern Magnified Growth $67.67 billion by 2023

According to a recent report published by Allied Market Research, titled, Autonomous Emergency Braking System Market by Product Type, Technology, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global autonomous emergency braking system market was valued at $43.7 billion in 2016, and is projected to reach at $67.67 billion by 2023, growing at a CAGR of 6.7% from 2017 to 2023.

High adoption rate of advanced braking system and rise in number of road accidents drive the global autonomous emergency braking system market. However, high cost of AEBS technology restricts autonomous emergency braking system market growth. Furthermore, increased passenger vehicle registrations and increased demand for luxury vehicles presents a lucrative opportunity for the market.

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/autonomous-emergency-braking-system-market/purchase-options

Europe dominates this market presently, followed by North America. In 2016, Japan dominated the market in Asia-Pacific; similarly, Germany led the overall market in the European region. At present, the U.S. is dominating the market in North America.

In 2016, the high-speed AEBS segment dominates the global autonomous emergency braking system (AEBS) in software tool segment, in terms of revenue. However, based on technology, dynamic brake assist led the global market followed, by crash imminent braking in 2016. Commercial vehicle led the AEBS market by end use in 2016. However, passenger vehicle is anticipated to depict the highest CAGR throughout the forecast period.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐄𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐲 𝐁𝐫𝐚𝐤𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:

– Product type-high-speed AEBS generated the highest revenue of the global AEBS market, in 2016.
– In 2016, the dynamic brake support technology generated the highest revenue in the AEBS market.
– LAMEA is anticipated to exhibit a highest CAGR during the forecast period.
– In 2016, the commercial vehicle segment contributed the highest market shares in the AEBS market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/4093

The key players profiled in the report include Robert Bosch GmbH, Continental AG, Delphi Automotive LLP, ZF Friedrichshafen AG, Mobileye, Autoliv Inc., Hyundai Mobis, AISIN SEIKI Co., Ltd., Hitachi Automotive Systems, Ltd., and Mando Corporation

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Transportation Security Technology Market Record Exponential Growth $61,272.1 Mn by 2025

According to a recent report published by Allied Market Research, titled, Transportation Security Technology Market by Transportation Mode and Application: Global Opportunity Analysis and Industry Forecast, 2017-2025, the global transportation security technology industry was valued at $33,130.0 million in 2017 and is projected to reach $61,272.1 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025.

Transportation security technology finds applications in various industry segments, to confirm safety of goods, products, or people in travel. This technology is majorly used in airport security, courier companies, railway departments, mass transit, logistics, port security, and returnable transport items. The demand for transportation security equipment has been increasingly significantly, owing to the advanced security while in transit.

With the increase in the need for public safety, the government has been exploring the expansion of passenger and luggage screenings, owing to the possible fatal threats. Further, adoption of innovations in transportation security technologies, such as biometrics, data analytics, and 3-D or multi-view scanning, provides lucrative growth opportunities for the key players operating in the global transportation security technology market. Analytics solutions that have been deployed for the surveillance systems are being made smarter and closer towards the Internet of Things (IoT), which is opportunistic for the transportation security technology market.

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭- https://www.alliedmarketresearch.com/transportation-security-technology-market/purchase-options

At present, the North America region dominates the global transportation security technology market. The region has major players offering advanced solutions. This is attributed to the extensive adoption of advanced technology by the region for the security of public and infrastructure, which is expected to propel the market growth. An example of such adoption is the Canadian Air Transport Security Authority (CASTA), which is an agent crown corporation funded by the government. In 2017, CASTA screened over 68.1 million passengers and their belongings at airport checkpoints across the country.

In the transportation mode segment, the airway sub-segment dominated the market in 2017, owing to the highest availability of airports throughout the world.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 :

In 2017, the airway sub-segment generated the highest revenue in the global transportation security technology market.
In 2017, the video surveillance sub-segment generated the highest revenue among the application segment in the global transportation security technology market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬- https://www.alliedmarketresearch.com/request-sample/250

The key market players profiled in the report include Raytheon Company, Smiths Detection, Inc., Security Electronic Equipment Co. Ltd., Lockheed Martin, L-3 Communications Holdings, Inc., Honeywell International, Inc., Rapiscan Systems, United Technologies Corporation, Alstom, and Kapsch.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭: