Showing posts with label market growth. Show all posts
Showing posts with label market growth. Show all posts

Tuesday, 4 October 2016

Airborne Fire Control Radar Market to Reach $3,455 Million, Globally, by 2022

"By region, Asia-Pacific is projected to be one of the fastest growing airborne fire control radar markets during the forecast period, due to the strong economic growth and rising military expenditure, industrial development, and civil unrest situations in countries including India, Japan, and China."

A new report published by Allied Market Research, titled, "Airborne Fire Control Radar Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", forecasts that the global airborne fire control radar market is expected to reach $3,455 million by 2022, growing at a CAGR of 3.9% from 2016 to 2022. X-band segment is expected to witness highest growth rate, while region-wise North America is projected to lead the market during the forecast period.


Over the years, the demand for air and missile radar systems has increased significantly, owing to adoption of active electronically scanned array (AESA)-based systems, rise in concern for border security, automation of defense and surveillance radar systems, increase in military spending in various developing countries and others.

Radar has been extensively used by the defense industry after the Second World War and is now among the crucial component in military communications. High number of advancements in the recent years in radar technologies has given rise to increased flexibility of the tools. This has also resulted in the development of AESA in the airborne fire control radar systems. These types of phased array radar systems are much more precise, making it easier for airborne fire control radar in easy tracking of the target.

Furthermore, territorial conflicts in Asia-Pacific and Middle East & Africa pose a major challenge in todays environment. The cause for such conflicts includes a mix of political and economic interests, normative reasons, and struggle over scarce natural resources. It has been seen in the past that territorial conflicts were the leading cause of war, especially if two countries disagreed over specific parts of territory. Due to this, the countries have secured their borders with effective technologies through air, water, and land; this increase in security concerns gives rise to the demand for airborne fire control radar systems worldwide.

In terms of frequency band, S-band accounted for the maximum revenue share during the forecast period. In addition, X-band airborne fire control radar is expected to grow at the fastest rate.

North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period.

Key Findings of the Airborne Fire Control Radar Market:


  • In the year 2015, S band segment dominated the overall airborne fire control radar market in terms of revenue, and is projected to grow at a CAGR of 3.3%.
  • North America generated the highest revenue among all regions in 2015.
  • Asia-Pacific is the fastest growing region with India, China, and Japan as the leading countries for airborne fire control radar market.
  • U.S. and China accounted for the majority of the share, in terms of revenue, responsible for nearly 50% of the total market.

Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, SAAB Group, Thales Group, and Airbus Group are leading players in global airborne fire control radar market. They have adopted various strategies such as contracts & agreements, new product launches, expansion, and partnerships to sustain in the market.

Wednesday, 18 May 2016

Transportation Security Technology Market 2014 - 2020

Transportation security constitutes of various systems and services to provide security in all modes of transportation’s, viz. airways, waterways, roadways, and railways. The topic aims to provide an intense study on the security solutions exclusively used in transportation field. The Transportation Security Administration (TSA) is an agency of the U.S department of Homeland Security that exercises authority over the public transport in US. The transportation security market is lucrative market due to increase in security requirements and rapid change in regulatory requirements. The research focuses on the various technologies used in securing the modes of transports.

The significant increase in the transportation security market is due its advanced security methods. The constant need of public safety, massive infrastructural development and business continuity are some of the major drivers for the growth of this market. A huge number of passengers travel through all modes of transport; therefore, such modes of transport are vulnerable to terrorist attacks, which gives the transportation security technology a further push towards growth. Implementing the security applications in all modes of transportation and its high investment cost are the some challenges in this market.

Intelligent Transportation System (ITS) Market Forecasts, 2014 - 2020

The increasing number of mega cities and the population growth in developed and developing countries has increased the importance of deploying an intelligent transport system (ITS). ITS system constitutes both, road transport and an efficient metro/underground rail system. ITS involves the revamp of overall technological aspects such as GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc. Globally, the concerned government departments understand the importance of implementing an efficient ITS system, which is an important driving factor for the market growth.

Monday, 4 April 2016

Growth Projected for Meat Substitute Market

Beef tacos, spicy miso chicken, cottage pie, cabbage rolls, chicken coconut curry, Swedish meatballs – all recipes from around the globe with a focus on meat. But as the consumer mindset continues to shift for food to incorporate into healthy lifestyles, the demand for meat substitutes is projected to increase.

Friday, 18 March 2016

Enjoy a better living with Smart Homes

A smart home relates to security, energy efficiency, comfort that it provides to the owner. "Smart Home" is the word commonly used to define a house that has appliances, TVs, lighting, heating, computers, air conditioning, security, entertainment audio & video systems and camera systems that can communicate with one another and can be controlled by a time schedule from any room in the home, as well as remotely from any place in the world through internet or phone.

Friday, 11 March 2016

World ATM Market is Expected to Reach $21.9 Billion by 2020


A new report published by Allied Market Research titled, “World ATM - Market Opportunities and Forecasts, 2014-2020”, forecasts that the world ATM market is expected to garner revenue of $21.9 billion by 2020, registering a CAGR of 7.7% from 2015 to 2020. Integration of wireless communicating devices (smart phones) with ATM machines has reduced ATM frauds arising due to card skimming. This factor has significantly fostered the adoption of smart ATMs, which has consequently fuelled the growth of the world ATM market. According to the Federal Reserve System, the ATM market in developed countries, such as the U.S., the U.K., Canada, and France has attained maturity, while the Reserve Bank of India forecasts a rapid growth of the ATM markets in the emerging countries.

Monday, 29 February 2016

Smart Connected Home Appliance Market is expected to Grow Faster from 2015 onward

The smart appliance market had achieved little success since its introduction a decade ago but its revival now seems to be on more solid ground. The smart appliances which is seen as a niche segment, is predicted to enjoy robust growth from 2015 to 2020 because of many favourable circumstances.

First, in the last decade consumers have evolved and quickly adopted new technology products, as seen by higher adoption of smartphones, growing familiarity with touch controls and the world of apps, and access to the internet. Consumers seem to be more inclined, despite some concerns and reservations, to embrace these connected technologies, new applications and functionalities that the technology will bring - as long as they find the right price-to-value balance.

Wednesday, 17 February 2016

Pedaling to dominate the stationary bike industry

CNBC -  Rather than rubbing sweaty elbows in a cycling class at the gym, a new company is giving the fitness conscious the luxury of doing it in the privacy of their own homes.

Instead of traveling to the gym or a class, Peloton Cycle lets customers purchase stationary bikes and partake in live streaming classes from their houses. These bikes track speed and progress, and lets riders directly compete with others around the world.

Tuesday, 16 February 2016

Advanced Driver Assistance Systems Market is Expected to Reach $60.14 Billion, Global, by 2020

A new report by Allied Market Research titled, "Global Advanced Driver Assistance Systems Market Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", The Global Advanced Driver Assistance Systems (ADAS) market would garner $60.14 billion by 2020, registering a CAGR of 22.8% during 2014 - 2020. The deployment of sensors in vehicles has brought a massive transformation in the automotive industry by providing improved passenger experience and safety. The growing trend for comfort and safety while driving, along with favourable government initiatives has largely supplemented the growth of the ADAS market. An increase in electronic integration along with the multiple functions of different sensors which are used in various driving assistance applications would boost the ADAS market in the coming years. ADAS applications are majorly adopted in the European region and contribute for the largest revenue in the global market, followed by North America. Stringent government regulations and the rising income of people, account for the high growth of the Asian countries.

Friday, 5 February 2016

Meatless Meat Market Will Reach $5.2 Billion by 2020

Market research company predicts vegetable-based meat alternatives will skyrocket in the next four years.

A new report from Allied Market Research predicts that the meat alternatives market will reach $5.2 billion by 2020. The research profiled meatless meat producers such as Amy’s Kitchen, Beyond Meat, Garden Protein International, Inc. (Gardein), Quorn, and Morningstar Farms to reveal that meat alternatives—such as tofu and soy products but increasingly vegetable-based proteins—are slated to experience a compound annual growth of 8.4 percent overall. According to the report, “increasing health awareness coupled with increasing consciousness towards environmental sustainability and animal welfare have been the major factors driving the growth of meat substitute market.”