Household Vacuum Cleaners Market Witness Excellent Revenue Growth During 2012-2022: Grand View Research Inc

Some Recent developments

Lockdown restrictions due to pandemic have caused increase in the tendency to automate house works. This house automation frenzy has also affected the sales in the vacuum cleaner market, causing it to accelerate at a high rate. Due to the absence of domestic help in several household, several busy and elderly families are turning to machines for some respite from the works. For example, Chinese manufacturer Xiaomi, which has been aggressively marketing its appliances, launched a robotic vacuum cleaner in mid-April and by May received 75% of pre-orders from top cities in the countries it was launched, specially India.

In March 2020, Ecovacs has launched its new AI-driven robotic floor cleaner called as Deebot Ozmo T8 AIVI. It features simultaneous vacuuming and mopping with advanced laser-based home mapping, object identification and avoidance, and remote monitoring. The robotic vacuum is equipped with TrueMapping laser mapping and navigation technology, based on advanced DToF sensor and AIVI (Artificial Intelligence and Visual Interpretation) technology featuring a high-performance AI chipset and camera module. Its ability to map any home at a very quick pace and with greater precision than current LDS navigation technology makes it a product highly sought after.

On May 2020, LG launched its next-generation vacuum model, the LG CordZero cordless stick vacuum featuring Kompressor technology. The vacuum features 200 watts of powerful suction, a portable charging stand and five-step HEPA filtration system that filters 99.99% of dust, pollen and pet dander. With Kompressor technology that condenses dirt, pet hair and debris, it fits more in the dust bin while maintaining an easy-to-maneuver design. This new LG product is starting to earn a name for itself in the market, due to its many capabilities, which includes two upgraded quick-release rechargeable lithium-ion batteries giving the user 120 minutes of continuous cleaning while charging. It is supposed to garner greater demands in the market as days pass.

In May 2019, iRobot launched two new robots named Roomba s9+ robot vacuum cleaner and the Braava jet m6 robot mop, which complement each other while doing cleaning job. The two robots can use iRobot’s Imprint Link Technology to “talk to each other” — vacuuming and then mopping automatically. The technology also works with the Roomba i7+, which was launched in September of previos year. iRobot is thus introducing two robots that can clean together “as a team.” Owners of the robots can initiate a “Linked clean” in the iRobot Home app. This new launches have fascinated a lot of people all around and has garnered much hype and demand from people, boosting the market growth rate.

In January 2020, at CES 2020, LG Electronics unveiled new cord-less cleaning products with mopping capabilities called the LG CordZero ThinQ A9 Stick Vacuum and the CordZero ThinQ Robotic Mop. The LG CordZero Robotic Mop features power drive dual spin mops enhanced with Dual Eye technology. With its front-mounted Dual Eye camera, the robotic mop can accurately detect and recognize its surroundings to avoid collisions with household furniture and pets. Along with this, several different technological advancements have made it something to look forward to in the household vacuum cleaners market.

In September 2019, Qingdao Haier completes the acquisition of the renowned Italian appliance maker, Candy, which strengthened its global leadership in snart home appliance sector. The acquisition perfectly fits into Haier's strategy to attain a leading position in all regions across the world. The acquisition will benefit from the high complementarity of Haier and Candy's brand portfolios and product platforms in covering all market segments in terms of pricing and product offering, and in providing sustainable home-living solutions to European and global customers. It will provide a fresh source of energy to Haier and will help it initiate innovations in household vacuum cleaner product line as well.

In September 2019, Shark has expanded its assortment of robotic vacuums with the debut of the IQ Robot Self-Empty unit. The new vacuum features room-by-room navigation, a self-cleaning brush roll and a self-empty dock. The dock allows the robot to empty its contents into a bagless base allowing it to be ready for the next cleaning job. This product of Shark makes sure that it has entered the market with a surety to flourish.

In August 2019, Bissell is expanding its assortment of floor care products with the launch of its ICONpet high-powered cordless vacuum. The unit’s digital motor turns up to 420 miles per hour, has three power modes that allow the vacuum to be used on a variety of flooring surfaces and its lithium battery provides up to 50 minutes of cordless cleaning. It provides a helping hand to pet-owners during the shedding days, making it good product to bet on.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Demand Digital Asset Management Market Increasing in Most Part of World 2025

 Some Recent Developments

In August 2018, Brandfolder unveiled Smart CDN, focusing on three critical features – the first of which automatically facilitates the dissemination of online changes to any asset, ranging from a logo or image to a significant corporate rebranding.  In addition, Brandfolder clients can leverage Smart CDN to reformat assets directly within their Brandfolder and manage usage rights through Digital Rights Management (DRM) capabilities. Its AI-powered tools auto-tag assets upon import, which further allows users to search for images with specific criteria. It gives a good helping hand to the user while dealing with the data at crucial times.

In June 2020, Adobe announced the integration of Adobe experience manager as a cloud service and as a part of Adobe experience cloud. This addition is making headlines as it brings together rich out-of-box capabilities and content customization options that marketers and developers demand, combined with SaaS-like agility. Also, Adobe Experience Manager as a Cloud Service is a modern, purpose-built application for experience management that integrates scalable, secure and agile content management (CMS), digital asset management (DAM), digital signage management and customer communication (CCM) applications, giving user a wholesome experience while using. Simply put, it bodes well for the Adobe DAM services in the market.

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In November 2019, Buzzfeed has partnered with WoodWing for its digital asset management solution, to develop a repository for BuzzFeed’s millions of photos, illustrations and other digital assets. This collaboration helps highlight the importance of DAM services in managing the large digital assets of content creators along with boosting the credibility of WoodWing in handling the high profile works, such as this.

In April 2019, Pandora selected OpenText’s Digital Asset Management platform as the asset storage and management application for its audio and display advertising.  OpenText Media Management will support the production and management of over 35,000 advertisements per year. OpenText stood out in the evaluation of Pandora, while zeroing in on the suitable DAM provider due to its robust customization capabilities and seamless systems integrations.

In May 2019, Netcentric won the Audience Choice Award Best Innovation Experience at the 2019 Adobe Awards ceremony, for implementing an innovative asset management system for Siemens. This recognition reflects the commitment of Netcentric and the amount of innovation that they put into accomplishing client’s digital visions, while making full use of Adobe Cloud Technology. Tasked with implementing a new dedicated assets management system for Siemens, Netcentric used Adobe Experience Manager Assets system to migrate millions of assets, ensuring a seamless UI that would allow users to search and filter all content with ease. Netcentric ensured the migration of 12 terrabytes of assets, providing Siemens with an entirely new and separate digital asset management user interface, which acts as a reliable and clean single point of truth for content. This highlights the importance of usage of DAM services and will definitely boost the demand for the services in the market.

In June 2019, Oracle divested itself of its Digital Media Solutions business and DIVA Content Storage Management product line to EcoDigital, a privately-held company based in Atlanta, Georgia, with previous experience in digital archiving technologies. This will enable Oracle to focus on other business capabilities and EcoDigital will bring fresh energy in the digital asset management and other digital media solutions, which will prove beneficial to the market.

In November 2018, Sitecore, a digital experience service provider, announced at its sytecore symposium the acquisition of Stylelabs, Belgium based Digital Asset Management provider. Stylelabs and Sitecore devised a marketing strategy of ‘Better Together’. According to this, Stylelabs will be integrated into Sitecore, but also will branch into new marketers in both DAM and MRM spaces. This collaboration proved to be beneficial for both the companies, along with the DAM market on the whole.

In February 2018, Bynder acquired Digital Asset Management service WebDam from Sutterstock. Like Bynder, Webdam’s focus is on helping enterprises and agencies manage their digital assets. Currently Webdam customers include the likes of Starbucks, Zillow, Alaska Airlines, Subway, HTC and Band & Olufsen. This acquisition has been helpful for Bynder as it has been able to make better on the expertise of WebDam in healthcare, education fields and in the U.S midsize company market. Along with that, it also provided Bynder a presence in Bay area, as WebDam is headquartered there.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automotive LiDAR Market to Witness Tremendous Growth and Expansion by 2024

 Some Recent Developments

In June 2020, LeddarTech along with STMicroelectronics, is working on a new LiDAR evaluation kit. The evaluation kit will demonstrate technical concepts and offer development capabilities in a functional LiDAR for automotive Tier 1-2 suppliers and industrial system integrators to develop a LiDAR solution based on LeddarEngine technology. This kit will include ST’s MEMS mirror-based laser-beam scanning solutions along with technologies, products, and services from other LeddarTech ecosystem partners. This collaboration fastracks the strides industries are taking to increase the speed in volume deployment for Advanced Driver Assistance Systems, Autonomous Driving, and Industrial Applications.

In March 2020, Blickfield concluded its series A financing, which was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners. Blickfeld will use the new financial resources to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets. This vision is actually very helpful for the development of the automotive usage of LiDAR technology in the coming years, boosting the growth of automotive LiDAR market.

In June 2019, Velodyne LiDAR acquired the mapping expert and best in the business, Mapper.ai, to accelerate the development of LiDAR based ADAS technology.  In addition to ADAS, Velodyne will also incorporate Mapper technology into lidar-centric solutions for other emerging applications, including connected and autonomous vehicles (CAVs), last-mile delivery services, security, smart cities, smart agriculture, robotics, and unmanned aerial vehicles. The acquired Mapper technology will enable Velodyne to accelerate the development of its Vella software that operates in conjunction with its directional view Velarray lidar sensor. This acquisition will be very beneficial to company as well as the market in the coming years.

In February 2020, Continental ADAS delivered a new high-resolution 3D flash lidar (HFL) sensor developed for use at close range – 50 m (164 ft) or less, is capable to paint a precise three-dimensional profile of a vehicle’s surroundings, which is very useful for automated driving. This is automotive grade and solid state, meaning no moving parts. It’s a bunch of semiconductors, which is ideal for commercial vehicle and even more so for the off-highway environment – they don’t have a lot of hours [of operation] but their environments can be pretty rigorous. This technology will drive demands from these sections of consumers in high rate.

In January 2020, Silicon Valley-based lidar company Velodyne announced its new compact lidar sensor called the Velabit at CES. The new sensor is a low cost lidar for developers of self-driving vehicles and other autonomous machines. Velabit lidar sensor advances the company's mission to make high-quality 3D lidar sensors accessible to startups working on self-driving cars and other autonomous technology. Its compactness, high performance and inexpensive nature, makes it a product highly sought after, leading to higher demands in the market.

In April 2020, Velodyne Lidar, Inc.  announced a three-year agreement with EasyMile, a global leader in driverless technology and smart vehicle solutions. EasyMile uses Velodyne lidar sensors in production of its EZ10 autonomous passenger shuttles that are deployed on public and private roads in more than 30 countries around the world. Growing adoption of EasyMile all over the world has great significance as, it will also boost the demand for LiDAR technology used in its vehicle provided by the Velodyne. This agreement hasa potential to boost the growth rate of automotive LiDAR market to a new high.

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In later half of 2017, Velodyne announced the solid-state automotive Velarray LiDAR ranging system in test kits, which helped automotive consumers make important changes boosting the efficiency. With the Velarray sensor, which can be seamlessly embedded in both autonomous vehicles and advanced driver-assist safety (ADAS) systems, Velodyne LiDAR again sets the industry standard for image quality and functionality delivered in smaller, more cost-effective form factors. The Velarray enables not only fully autonomous vehicles, but also ADAS systems such as adaptive cruise control, while at the same time providing a miniature form factor and mass production target prices, leading to increased popularity all over.

In August 2016, ZF Friedrichsafen acquired 40% of Ibeo Automotive systems and joined in the biggies such as Denso, Velodyne and others in the automotive LiDAR market. This is definitely a smart move from ZF as the sensor fusion technology was what was missing from ZF’s existing sensor portfolio. Ibeo has already proven themselves with a highlight project “Lux Fusion” lidar scanners where they worked with BMW on the “Connected Drive 5” series vehicle in 2013, making it an established organization in the market. This will definitely be beneficial for Ibeo and ZF, along with the automotive LiDAR market.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Endpoint Security Market Size, Latest Trends, And Factors During The Forecast Period

 Endpoint security refers to the practice of securing the entry points or end-points of a number of end-use devices such as laptops, desktops, mobile and other portable devices, in order to prevent them from being broken into or hacked by bad actors or campaigns. Endpoint security has drastically evolved from its early days of being used as antivirus software, to offering all-round protection from sophisticated malware and zero-day threats. With both big and small organizations being the target of enemy nations, hackers and organized crime, endpoint security has assumed much greater importance in today’s data-driven environment.

With more and more devices, software and application being integrated in an organizational network, there has been an exponential increase in the number of security and data alerts. The introduction and rapid growth in adoption of BYOD (Bring Your Own Device), which allows professionals to use their personal laptops or mobiles for performing official work, has added complexity to the data and network security, thus highlighting the importance of endpoint security systems. Additionally, there has been an emerging trend of virtualization, which involves separation of physical systems into a number of virtual machines that require similar endpoint protection. This has added another layer to endpoint security, thus significantly expanding the market.

A 2019 survey by SlashNext and Dark Reading revealed that 66 percent of enterprises surveyed had detected phishing attacks on their network frequently, with 41 percent of enterprises frequently detecting malware. Additionally, 36% of businesses have experienced more than one serious breach or compromise a year, while three percent experienced such a compromise on a daily basis. A separate survey by SANS in 2018 revealed that 28% of participating respondents reported that their endpoints had been breached, and only 39% of attacks were detected by traditional antivirus. All these statistics point towards the importance of presence of a sophisticated endpoint security infrastructure, which has driven the market in recent years.

Access Research Report of Endpoint Security Market

Major companies in the endpoint security market such as McAfee, FireEye and Sophos have focused their operations on developing technologies that can improve capabilities, secure internet protocols, test software and analyze vulnerabilities. furthermore, there has been a growing adoption of cloud-based security services, which enables storage of significant amounts of data at one place. Various government regulations have been put in place to oversee this aspect, which is factoring in the market growth. Endpoint security serves a number of key sectors such as IT & telecom, BFSI and Retail, which provides significant opportunities for growth and expansion to major industry players.

In terms of solution, the endpoint security market has been segmented into firewall, antivirus, application control, MDS, ID/IP and encryption technologies, among others. Antivirus segment accounts for a respectable share in the market, as it is very useful in reducing or negating the threat of trojans, viruses, worms, adware, spyware, keyloggers and rootkits. The mobile device security segment is anticipated to grow at a rapid pace in the coming years, on account of the drastic increase in the usage of mobile and portable devices across organizations, coupled with the popularity of the BYOD system that is being rapidly implemented across companies.

Based on deployment, the endpoint security market is segmented into on-premise and cloud. Cloud-based services are expected to be the dominant segment in the near future, as more and more organizations move towards adoption of cloud across every aspect of the company. Additionally, the on-premise segment is much more expensive to maintain than cloud, which has led to migration of many professionals towards the latter segment.

With regards to organization, the endpoint security market has been classified into enterprise and SMBs. The former segment currently dominates the market, and is expected to remain so in the near future, on account of constant upgradation of existing security infrastructure. SMBs are expected to show substantial growth in the market, as organizations both big and small move towards adoption of cloud technology for storing data, thus necessitating the presence of strong security systems. However, it is expected that reluctance of SMBs to outsource security services to a third party will restrain the growth of the market to some extent.

Based on application, the endpoint security market has been segmented into IT & telecom, BFSI, Industrial, education, retail and medical, among others. IT & Telecom segment is expected to remain the major customer of endpoint security systems, while BFSI is also expected to generate substantial revenue for the market, on account of the growing regulation in the finance sector.

The medical sector is expected to show noticeable growth in the endpoint security market on account of the increasing risk of hacking faced by the multitudes of internet-connected healthcare systems. Moreover, mobile healthcare has also gained a lot of prominence across developed and emerging economies, which has necessitated the presence of an efficient security system. The 2019 Healthcare Data Breach Report by HIPAA Journal found that the year saw 510 healthcare data breaches in the US, in which 500 or more records were exposed, with the total number of patient records exposed drastically increasing from 13,947,909 in 2018 to 41,335,889 in 2019.

The North American and European regions are projected to dominate the endpoint security market in coming years, owing to the presence of established healthcare and IT infrastructure, and the rapid adoption of cloud-based security in the regional economies. The growth has been accelerated by the presence of major market players such as Bitdefender, IBM, Intel, Cisco and Microsoft in these regions. Asia Pacific is anticipated to show substantial market growth in the coming years, as the trend of BYOD and cloud adoption has massively caught up with the regional organizations in recent years, and more specifically in the emerging economies of India, Malaysia and China that have seen IT and telecom sector grow by leaps and bounds.

Recent Trends and Developments

COVID-19 Impact: The global COVID-19 pandemic has led to shutdown of workplaces across global economies, with organizations instead asking employees to work from home. This is expected to become a norm even after the pandemic recedes, as organizations are taking extra precautions for their employees. A recent Gartner survey revealed that 70% of the CFOs would be encouraging employees to work remotely, and this situation is expected to boost the development of the endpoint security market, as professionals make use of their personal devices and VPN networks for performing their tasks, which would enhance the risk of cyberattacks. To combat this situation, the company may provide established antivirus software as well as proactive solutions like moving target defense.

Intel announced in June 2020 regarding its plans to introduce new hardware-based protection against common malware attacks in the company’s upcoming 10-nanometer Tiger Lake laptop processors. This will be the first Intel processor family to utilize the new Intel Control-Flow Enforcement Technology (CET). CET is a set of silicon-level instructions that targets a malware type known as control-flow hijacking that has been traditionally difficult to mitigate through software. The feature is expected to satisfy the demands of organizations prioritizing endpoint security in the current work-from-home scenario due to the current coronavirus scenario.

In June 2020, Siemens teamed up with SparkCognition to collaborate on a new product and service offering aimed at devices utilized in industrial operational technology (OT) networks. This is a machine learning-based endpoint security offering, with the partnership expected to address the issue of the longstanding issue of tracking and protecting endpoints in OT networks. The product will initially offer support to only endpoints running Windows 2000 and later versions, and would be expanded to include other systems gradually.

Symantec revamped its endpoint portfolio with the introduction of Symantec Endpoint Security (SES) in October 2019, with the system delivering protection, detection and response in a single solution, along with a new attack surface reduction, threat hunting, and breach assessment and prevention capabilities. Furthermore, customers can deploy and manage SES via cloud or on-premises, or a hybrid of both, for all operating systems including mobile devices, with single agent installation.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Companion Animal Diagnostics Market Expected to Deliver Dynamic Progression by 2026

 Companion Animal Diagnostics Market Growth & Trends

The global companion animal diagnostics market size is expected to reach USD 4.1 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.4% during the forecast period. The anticipated rise in companion animal population would increase the demand for veterinary healthcare facilities. According to a 2018 report by the American Pet Products Association (APPA), the overall spending in the U.S. pet industry has increased by 4.1% from 2016 to 2017. Moreover, veterinary care spending has increased by 7% from USD 15.95 billion in 2016 to USD 17.07 billion in 2017.

The demand for advanced diagnostic facilities for rapid and accurate testing of sample is propelling the growth of companion animal diagnostics over the forecasted period. The approvals and the new product launches by the key industry players to deal with the rising demand are driving the market. The companies are constantly trying to develop innovative devices to tap the enormous growth potential of the market. For instance, Idexx Laboratories gained a significant presence in the market by launching the new chemistry analyzer. Zoetis increased their penetration by acquiring one of the top veterinary diagnostics company Abaxis in July 2018.

Moreover, the rising concern of people for their pets leads to an increase in insurance claims. Most of the pet insurance covers major chronic conditions except any pre-existing one. The millennials are considered an attractive target population for the companies playing in this space. Millennials around the world consider pets and presence of animals good for their emotional and physical health. The demand for easy to administer and rapid diagnosis is anticipated to further boost the revenue.

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Companion Animal Diagnostics Market Report Highlights

• In 2018, clinical pathology held the largest revenue share of the companion animal diagnostics market in terms of application owing to its wide usage for multiple disease diagnosis
• Clinical biochemistry acquired major market share in 2018 within the technology segment and is expected to expand at the fastest CAGR by 2026. The growth can be attributed to the increased use of clinical chemistry analyzers and glucose monitors for rapid diagnosis of some chronic diseases in pets
• On the basis of animal type, cats was the fastest growing segment in 2018 and is expected to register a CAGR of over 8.00% by 2026, majorly owing to increasing prevalence of chronic diseases such as arthritis and diabetes among others
• The point of care/in house testing segment is expected to showcase lucrative growth over the forecast period, attributed to the rapidity, efficiency, and convenience of these tests
• Asia Pacific is expected to emerge as the fastest growing region over the forecast period. North America held the largest revenue share in 2018 due to the presence of major industry players in the region
• Some of the major market players include Zoetis Inc.; Idexx Laboratories Inc.; Heska Corporation; Thermo fisher Scientific; and Neogen

Companion Animal Diagnostics Market Segmentation

Grand View Research has segmented the global companion animal diagnostics market based on technology, animal type, application, end use, and region:

Companion Animal Diagnostics Technology Outlook (Revenue, USD Million, 2014 - 2026)

• Clinical Biochemistry
  • Clinical Chemistry Analyzers
  • Glucose Monitoring
• Immunodiagnostics
• Hematology
• Molecular diagnostics
• Urinalysis
• Others

Companion Animal Diagnostics Animal Type Outlook (Revenue, USD Million, 2014 - 2026)

• Dogs
• Cats
• Equine

Companion Animal Diagnostics Application Outlook (Revenue, USD Million, 2014 - 2026)

• Clinical Pathology
• Bacteriology
• Parasitology
• Others

Companion Animal Diagnostics End Use Outlook (Revenue, USD Million, 2014 - 2026)

• Laboratories 
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities

Companion Animal Diagnostics Regional Outlook (Revenue, USD Million, 2014 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Recreational Oxygen Equipment Market to Expand with Significant CAGR During 2019 – 2026: Grand View Research Inc.

 The global recreational oxygen equipment market size is expected to reach USD 299.8 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 16.2% over the forecast period. High prevalence of unhealthy lifestyle among a large section of the global population has increased the risk of respiratory disorders such as chronic obstructive pulmonary disease (COPD). This is a major factor driving the need for recreational oxygen equipment. In addition, growing geriatric population, who is prone to numerous health disorders requiring supplemental oxygen, is expected to boost the market.

Consumer oxygen efficiently treats dementia and muscle recovery. Increase in awareness levels pertinent to the benefits of consumer O₂ in the treatment of Obesity Hypoventilation Syndrome (OHS), COPD, dementia, and stress are projected to drive demand in the coming years. In 2015, the total population suffering from dementia was pegged at 47.47 million and is anticipated to rise to 75.63 million by over the next seven years. This represents lucrative opportunities for manufacturers in the field.

Recreational oxygen is also helpful during strenuous physical activities such as mountain climbing, where the altitude makes it difficult to breathe normally. Apart from this, these products have also been utilized in other recreational sports like skiing, hiking, biking, snowboarding, or floating at altitude. Owing to increasing popularity of these sports, demand for portable O₂ devices for recreational use is on the rise. However, low awareness regarding the benefits of these devices in underdeveloped economies is hampering market growth. Key players in the market are focusing on creating awareness among consumers for medical as well as sports use, especially in untapped regions. This will help them establish a strong market presence over the course of the forecast period.

Companies are also investing in developing new, more effective, and innovative equipment to gain a foothold in the market. For instance, Sub Sea Systems installed the world's first underwater oxygen bar in Cozumel, Mexico in April 2015. This underwater attraction is designed to give customers the experience of being in a 13,000-gallon aquarium to play games and take pictures, all the while breathing in enriched O₂.

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https://www.grandviewresearch.com/industry-analysis/recreational-oxygen-equipment-market

Further key findings from the study suggest:

• Portable oxygen concentrators accounted for the largest revenue share by product in 2018. Manufacturers have been focusing on manufacturing compact, stylish portable oxygen concentrators to cater to changing consumer demands. This segment is also expected to exhibit the fastest growth over the forecast period
• The athletics segment is expected to witness lucrative growth in the coming years. Professional athletes have been increasingly adopting this equipment owing to availability of portable and user-friendly products
• New product launch has been the focus of manufacturers in the market. Key industry participants include Oxygen Plus, Inc.; Boost Oxygen, LLC; Koninklijke Philips N.V.; Chart Industries; and Inogen.

Grand View Research has segmented the global recreational oxygen equipment market on the basis of the product, application, and region:

Recreational Oxygen Equipment Product Outlook (Revenue, USD Million, 2014 - 2026)

• Concentrators
• Bar Equipment
• Others

Recreational Oxygen Equipment Application Outlook (Revenue, USD Million, 2014 - 2026)

• Athletics/Sports
• Medical
• Others

Recreational Oxygen Equipment Regional Outlook (Revenue, USD Million, 2014 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Argentina
  • Mexico
• MEA
  • South Africa
  • UAE
  • Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Hospital Services Market Set to Record Exponential Growth by 2026: Grand View Research Inc.

 Hospital Services Market Growth & Trends

The global hospital services market size is expected to reach USD 14.8 Trillion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Growing incidence of cancer & other chronic diseases and high cost of treatment are expected to be the vital impact rendering drivers for the market.

Globally, around USD 100 Billion is spent on detecting and treating various cancers, of which, USD 35 Billion is spent on chemotherapy and other cancer drugs alone. According to the American Society of Clinical Oncology, for the year 2016 in the U.S, there were more than 15.5 million cancer survivors, with around 1.7 million individuals being newly diagnosed-a growth of 2% when compared to 2015.

In order to cater to a large consumer population that can afford quality treatments, private hospitals are expected to diversify their specialist service offerings and exhibit growth during the forecast period. Hospital industry is shifting toward premium services, especially in North America and Europe (particularly U.K.), which will increase the value of the market further.

Longer patient wait times and poorer quality of services in state-owned hospitals are major driving forces for private players leading the hospital services market.

Private hospitals are more inclined to provide quality outpatient services via various online and telecommunication networks in terms of consultation, diet/medication review, and health monitoring. Outpatient service quality has therefore improved steadily, and their demand is expected to outgrow inpatient services in the future.

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Hospital Services Market Report Highlights

• Outpatient services is expected to be the fastest growing hospital service type over the forecast period, at a CAGR of 8.5%
• As per analysis of hospital industry, private hospitals are expected to lead the market among state owned and community hospitals, as increasing consumer affordability and lucrative facilities provided by private hospitals attract more patients globally.
• North America was the leading hospital services market in terms of hospital revenue and is expected to maintain its position during the forecast period, as the region has the most expensive healthcare service providers in the world.
• Based on application, neurorehabilitation & psychiatry services is expected to be the fastest growing, as a result of rising incidence of mental disorders and growing demand for mental wellness services. The segment is expected to fuel growth of outpatient services further, since the introduction of telemedicine in healthcare.
• Some major players include HCA Healthcare; Ascension Health; Cleveland Clinic; Community Health Systems, Inc.; Spire Healthcare Group plc.; and Mayo Clinic.

Hospital Services Market Segmentation

Grand View Research has segmented the global hospital services market based on service type, hospital type, service areas, and region:

Hospital Services Service Type Outlook (Revenue, USD Million, 2015 - 2026)

• Inpatient Services
• Outpatient Services

Hospital Services Hospital Type Outlook (Revenue, USD Million, 2015 - 2026)

• Private Hospital
• State-owned Hospital
• Public/Community Hospital

Hospital Services Service Areas Outlook (Revenue, USD Million, 2015 - 2026)

• Acute Care
• Cardiovascular
• Cancer Care
• Neurorehabilitation & Psychiatry Services
• Pathology Lab, Diagnostics, and Imaging
• Obstetrics & Gynecology
• Others

Hospital Services Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Italy
  • France
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Pet Insurance Market Size Is Expected To Reach USD 14.9 Billion by 2028

 Pet Insurance Market Growth & Trends

The global pet insurance market size is expected to reach USD 14.9 billion by 2028, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 16.3%. Rapidly growing consumer awareness and product acceptance has benefited the market. According to Department of Clinical Veterinary Science (CVS) and Pet Food Institute (PFI), 30.0% of the pets in Sweden and almost 23.0% of the pets in the U.K. are covered by these insurance policies. However, less than 1.0% of the pets in the U.S. are insured.

Industry operators or players in pet insurance primarily compete with consumers who choose to self-fund pet medications and veterinary costs. However, with increasing availability of advanced technology and growing usage of veterinary services, costs are expected to increase. This increase in costs and with marketing efforts by players, the adoption of pet insurance has increased.

The market is growing as veterinary care is expensive and many owners cannot afford it; however, with insurance, they can claim around 90.0% of veterinary bills. Besides, rise in number of pet injuries and prevalence of diseases is also aiding growth. As per veterinary records, 2017, almost one in every three pets need urgent veterinary care every year. Furthermore, new strategies being undertaken by players are expected to aid further growth. For instance, MoreThan, a pet insurance company, in 2019, formed a partnership with PitPat, the dog activity monitor manufacturer, offering cash rewards of up to USD 112 to owners who exercised their pets regularly.

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Pet Insurance Market Report Highlights

• Agency held the dominant share of the sales channel segment as of 2018, owing to large customer base
• Bancassurance is anticipated to exhibit lucrative growth over the forecast period. The key driver includes large and established bank network across the globe
• Dog insurance segment was the dominant application in 2018. Increase in the number of dog owners across the globe is the key driver for this segment
• The cat’s segment is anticipated to grow at an exponential rate throughout the forecast period. Cats are increasingly being adopted in Canada and preferred over dogs
• On basis of product, accident and illness insurance had the largest share as of 2018. The key drivers of the segment are high veterinary treatment & diagnostic costs, rise of companion animal population, and increase in awareness about pet insurance
• The key drivers of the segment include increasing health issues in animals and high treatment costs
• In 2018, Europe held a dominant share of the regional segment.
• North America held the second largest revenue share as of 2018. The key drivers of the pet insurance market are a rise in companion animal population and increase in awareness
• Some key players are Petplan Limited; Trupanion, Inc.; Nationwide Mutual Insurance Company; Hartville Group, Inc.; Pethealth, Inc.; PetFirst Healthcare LLC; Royal & Sun Alliance Insurance Company of Canada, Inc.; and Embrace Pet Insurance Agency, LLC

Pet Insurance Market Segmentation

Grand View Research has segmented the pet insurance market on the basis of the product, animal type, sales channel and region:

Pet Insurance Product Outlook (Revenue, USD Million, 2014 - 2028)

• Accident and Illness
• Accident Only

Pet Insurance Animal Type Outlook (Revenue, USD Million, 2014 - 2028)

• Dogs
• Cats
• Others

Pet Insurance Sales Channel Outlook (Revenue, USD Million, 2014 - 2028)

• Agency
• Broker
• Bancassurance
• Direct Writing

Pet insurance Regional Outlook (Revenue, USD Million, 2014 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Veterinary Artificial Insemination Market To Make Great Impact In Near Future by 2027: Grand View Research Inc.

 Veterinary Artificial Insemination Market Growth & Trends

The global veterinary artificial insemination market size is expected to reach USD 5.86 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.78% from 2020 to 2027. The market for artificial insemination (AI) is anticipated to witness a rise in demand owing to increasing consumption of animal protein and growing demand for high cattle productivity & milk yield. To fulfill the continuously increasing demand, market players are adopting artificial insemination to breed high-quality livestock and enhance production. The demand has increased over the years, owing to the rising prevalence of various animal diseases, such as zoonotic diseases, and the growing adoption of companion animals.

According to Food and Agriculture Organization (FAO) publication 2019, livestock contributed almost 40% of the global value of agricultural output in developed countries and 20% in the developing ones, and it provides food security and livelihood to more than 1.3 billion people worldwide. Favorable government regulations, intended to improve productivity, are also leading to growth; For instance, the Indian government approved an Agriculture Export Policy in 2018 to enhance agricultural economic growth in the nation. The new policy is aimed at boosting India's agricultural output to USD 60 billion by 2022 and USD 100 billion with a predictable foreign policy framework in the next few years.

The market follows the standards set by the International Society of Artificial Insemination (ISAG) and leading animal research laboratories, such as The University of California Davis (U.C. Davis). The ISAG standard panel consists of 18 STR markers and any company in artificial insemination needs to follow the panel and standard set by the authority. However, increasing population is expected to pose a continuous challenge to food availability and animal protein requirement, aiding the growth of the market.

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Veterinary Artificial Insemination Market Report Highlights

• Cattle segment was the largest revenue-generating segment in 2019, owing to the increasing consumption of milk and its products in Asian countries
• The normal semen segment accounted for the largest revenue share in the products segment in 2019, owing to the low cost of the procedure
• In the end-user segment, the animal husbandry accounted for the largest share and is expected to maintain its dominance throughout the forecast period. The growth can be attributed to the maximum number of semen collection procedures performed under these facilities.
• Sexed semen usage is expected to show the fastest growth during the forecast period. In 2016, ST Genetics produced 4 million X chromosome into an AI straw. The company sells sexed semen for five species of animals, including cattle, deer, sheep, horses, and goats. The rate of semen straws ranges between USD 65 and USD 250 for a piece as of 2018, depending on the quality, species, and use of the animal
• Asia Pacific was the leading regional sector and accounted for the largest revenue share in 2019, mainly due to the large cattle population in the region
• Some of the major players are Genus Plc, Select Sire, Semex, Swine Genetics, Hendrix Genetics Corporate, and Animal Genetics among others.

Veterinary Artificial Insemination Market Segmentation

Grand View Research has segmented the global veterinary artificial insemination market on the basis of animal type, product, end-use, and region:

Veterinary Artificial Insemination Animals Type Outlook (Revenue, USD Million, 2016 - 2027)

• Cattle
• Swine
• Sheep
• Canine
• Equine
• Others

Veterinary Artificial Insemination Product Outlook (Revenue, USD Million, 2016 - 2027)

• Normal Semen
• Sexed Semen

Veterinary Artificial Insemination End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Veterinary Hospitals
• Animal Husbandry
• Others

Veterinary Artificial Insemination Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Veterinary Artificial Insemination Market

• Swine Genetics International
• Select Sires, Inc.
• SEMEX
• Cooperative Resource International (GENEX)
• Zoetis
• Cogent
• Genus plc
• Viking Genetics
• Polar Genetics India
• Fox Fire Farm
• Xcell Breeding & Livestock Services Private Limited

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Shock Sensors Market Set to Surge Significantly During 2019-2025: Grand View Research Inc.

 The global shock sensor market size is expected to reach USD 1,726.7 million by 2025, registering a CAGR of 17.2% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The increasing use of shock sensors in oil & gas exploration activities and products such as laptops, ATMs, bank vaults, burglar alarms, and sports & safety helmets is expected to remain the key factor driving their demand over the forecast period. The increasing number of smart city initiatives undertaken across different countries is expected to further fuel the shock sensors market growth.

Shock sensors are compact in size as well as affordable. These benefits are leading to their large-scale use by buyers in the consumer electronics segment. They are also deployed inside cars and homes, wherein any kind of forced entry or a slight tap triggers an alarm. Moreover, they are user-friendly and consumers can operate and track the alarm performance using a laptop or a smartphone. These easy-to-use features are leading to a surge in their demand.

Furthermore, shock sensors are widely used in sports helmets. They are embedded in helmets and mouth guards to record impacts whenever players injure themselves and play a crucial role in determining the nature of the injury, thereby helping doctors/health experts decide the best course of treatment. The data emitted by these sensors is transferred to smartphones or a connected computing device, which helps offer timely medical assistance. For instance, i1Biometrics, a Washington-based company, manufactures a variety of shock sensors designed specifically to be attached to helmets for rendering timely assistance to sportspersons.

There has been a growing need for protecting shipped goods from damages caused during transit. This is one of the major factors expected to drive the market growth over the forecast period. Additionally, the demand for shock sensors is increasing in Asia Pacific, Alaska, and Africa owing to the steady growth in oil & gas exploration activities in these regions. The shock sensors used for various applications in the oil & gas industry are rugged and can withstand harsh environments with very high temperatures.

The major players have been shifting their focus on research & development activities aimed at the development of new technologies and fine-tuning their existing products to sustain the growing competition. The manufacturers also offer a few key add-on services such as maintenance services and the add-on software analytics used to measure shocks. These measures are enabling manufacturers to maintain their market positions.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/shock-sensor-market

Further key findings from the report suggest:

• Aerospace segment is anticipated to register the highest CAGR from 2019 to 2025 owing to the growing use of sensors for recording and monitoring vibrations in hazardous environments
• The strain gage segment is anticipated to register the highest CAGR of 20.6% from 2019 to 2025 owing to the increasing adoption of strain gage shock sensors as primary sensors
• The Asia Pacific regional market is anticipated to reach USD 545.6 million by 2025 owing to the increase in aerospace and defense budgets of countries such as India and China
• Key industry participants include TE Connectivity; Murata Manufacturing Co., Ltd.; PCB Piezotronics Inc.; Honeywell International, Inc.; Dytran Instruments Inc.; Mobitron AB; Meggitt SA; Spotsee; IMI Sensors; SignalQuest, LLC; Climax Technology Co. Ltd.; and i1Biometrics.

Grand View Research has segmented the global shock sensors market on the basis of type, material, end use, and region.

Shock Sensors Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• Piezoelectric
• Piezoresistive
• Capacitors
• Strain Gage
• Others

Shock Sensors Material Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• Tourmaline
• Quartz
• Salts
• Gallium Phosphate

Shock Sensors End-Use Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• Automotive
• Aerospace
• Industrial
• Consumer Electronics
• Others

Shock Sensors Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Colombia
• Middle East & Africa 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Mobile Cranes Market Trends, Demand, Production, Analysis and Forecast to 2025: Grand View Research Inc.

 Mobile Crane Market Growth & Trends

The global mobile cranes market size is expected to reach USD 17.03 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 6.1% over the forecast period. Rising construction activities focused on the refurbishment of existing infrastructures and increasing government initiatives for building better infrastructures, such as houses, schools, hospitals, stadiums, government buildings, and airports, are anticipated to boost the market growth. The increasing application of mobile cranes in both core and non-core industrial projects and maintenance works is also expected to propel their demand over the forecast period.

In India, the demand for mobile cranes is growing owing to the increasing number of infrastructure projects, which has led to requirements for erection and lifting. The growth is evident in the industrial as well as the core infrastructure sectors. Mobile crane manufacturers and rental agencies are witnessing an upsurge in demand for medium and high capacity cranes. Mobile cranes are widely used in India for major industrial applications such as power plants and turbine manufacturing.

Meanwhile, the demand for mobile cranes in China is growing due to the One Belt One Road initiative taken by the government in the country. Through this initiative, the Chinese government aims to develop better trade facilities such as roads, bridges, and infrastructure such as energy projects, railway, and buildings between China, India, Pakistan, and Europe. Moreover, house building projects have increased in Europe, mainly in London and South East Europe, thus providing a good pipeline for infrastructure work.

Meanwhile, the U.S. government is anticipated to increase its infrastructure expenses by over USD 1 trillion over the next ten years in order to create more jobs. This initiative is expected to bolster the demand for mobile cranes in the country. Additional factors that have propelled the market growth include increasing competition, growing use of mobile cranes in the mining companies, robust industrialization, commercialization, adoption of telematics, and the use of GPS technology in mobile cranes.

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Mobile Crane Market Report Highlights

• The market for mobile cranes is expected to register a CAGR of 6.1% from 2019 to 2025
• The truck mounted segment emerged as a prominent product segment in 2018. The demand for crawler cranes is increasing in the Middle East & Africa owing to the growing oil & gas industry in the region
• The Asia Pacific regional mobile crane market is projected to witness substantial growth over the next decade owing to growing construction activities in the region
• Key players operating in the market include Liebherr-International AG, Manitowoc, XCMG Group, Kobelco Construction Machinery Co. Ltd., and Tadano Ltd., accounting for majority shares of the total revenue in 2018

Mobile Crane Market Segmentation

Grand View Research has segmented the mobile crane market on the basis of product type, application type, and region: 

Mobile Crane Product Type Outlook (Revenue, USD Billion, 2015 - 2025)

• Truck Mounted
• Trailer Mounted
• Crawler Crane

Mobile Crane Application Type Outlook (Revenue, USD Billion, 2015 - 2025)

• Construction
• Industrial
• Utility

Mobile Crane Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Milling Machine Market Trends Analysis And Forecast Till 2025: Grand View Research Inc.

 Milling Machine Market Growth & Trends

The global milling machine market size is expected to reach USD 100,861.0 million by 2025, registering a CAGR of 7.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing popularity of multi-axis milling machines, which can potentially transform the overall machining process by making it more accurate, reducing the amount of human intervention required, and improving the surface finish of the final product, is expected to contribute to the growth of the market.

The demand for fabricated metal products, particularly from the construction and machinery industries, is growing across the globe. Fabricated metal products are widely used in a variety of commercial as well as household use products such as ammunition, cutlery and utensils, and building items. The growing demand for such and other fabricated metal products is driving the demand for milling machines globally.

CNC machining has become pivotal for the manufacturing industry and is turning out to be a widely-sought technique to machine metal parts with a high level of precision. CNC machining involves a precise automation process that can produce high-quality metal products without any human intervention. Moreover, manufacturers are increasingly opting for machines with multi-axis machining capabilities in order to produce high-quality metal parts within shorter time durations.

Some of the latest trends the market has been witnessing include the continued adoption of 5-axis and 6-axis milling machines. While 5-axis machines have had a significant impact on the metal processing industry by eliminating the turnaround time, reducing waste, and increasing efficiency; 6-axis machines hold the potential to transform the machining operations and processes in their entirety. The growing demand for high-quality fabricated metal products from defense & aerospace and automotive, among other industries, is leading to growth opportunities for developing new and innovative multi-axis machine tools.

Automation is gaining traction in the machining industry in developed as well as developing economies. However, Asia Pacific is poised to emerge as the dominant regional market over the forecast period. Asia Pacific is home to a large and well-established manufacturing sector, which requires a myriad of machine tools and metal cutting products. As such, companies in the Asia Pacific market are expected to adopt innovative technologies to manufacture metal cutting products and machine tools.

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Milling Machine Market Report Highlights

• Advances in technology coupled with a large consumer base are expected to create growth opportunities for automatic milling machines
• The automotive end-use segment is expected to register the highest CAGR over the forecast period owing to the growing demand for metal parts with high-quality cuts and finishes
• In terms of type, the vertical milling machine segment is expected to register the highest CAGR of 7.45% from 2019 to 2025. This can be attributed to the fact that these machines are affordable to procure and occupy smaller floor space
• Europe is anticipated to emerge as the fastest-growing regional market as Europe is home to a continuously-growing automotive industry and a promising energy sector
• Some of the key players of milling machine market are AMADA CO., LTD.; Amera Seiki, DATRON Dynamics, Inc.; DMG MORI; Haas Automation, Inc.; FANUC CORPORATION; Okuma Corporation; Shenyang Machine Tool Co., Ltd. (SMTCL); Hurco Companies, Inc.; Dalian Machine Tool Group (DMTG) Corporation; and Yamazaki Mazak Corporation.

Milling Machine Market Segmentation

Grand View Research has segmented the global milling machine market on the basis of type, end use, and region.

Milling Machine Type Outlook (Revenue, USD Million, 2014 - 2025)

• Horizontal Milling Machine
• Vertical Milling Machine

Milling Machine End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

Milling Machine Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Italy
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Mexico
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smart Advertising Market Projected To Be Worth USD 2,175.8 Million By 2025: Grand View Research Inc.

 The global smart advertising market size is expected to reach USD 2,175.8 million by 2025, registering a CAGR of 19.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The capability of smart advertising to deliver highly customized multimedia content to target customers is a key factor anticipated to drive market growth over the forecast period. Furthermore, the increasing consumption of digital media in comparison to conventional printed billboards and posters by the consumer has led to an increased demand for smart advertising.

The growth of high-speed broadband and wireless 4G and 5G internet connectivity has enabled Digital Out Of Home (DOOH) media companies to stream high-resolution, customized, and interactive multimedia content to consumers through digital posters and billboards. Technological advancements such as Bluetooth Low Energy (BLE) beacons and geofencing have enabled DOOH advertising companies to offer personalization and tracking functionalities to advertisers. Apart from content personalization, the immersive experience offered by high-resolution digital displays has been successful in increasing customer engagement and stimulating purchase desire. In the current visually-cluttered digital environment, smart advertising has enabled companies to develop a creative, innovative, and improved DOOH advertising strategy using a network of digital displays, digital posters, and interactive kiosks.

The increasing focus of multinational companies to tap the rapidly growing Asia Pacific markets such as India and China is also expected to propel market growth. Furthermore, DOOH media companies are aggressively deploying new networks of digital displays to cater to the growing demand of advertisers. The increased focus of several countries in the Asia Pacific region on the development of high-speed internet infrastructure as part of smart city initiatives is also expected to drive the demand for smart advertising and digital billboards over the forecast period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-advertising-market

Further key findings from the study suggest:

• In terms of component, the hardware segment is anticipated to emerge as the fastest-growing segment over the forecast period. This can be attributed to the increasing deployment of digital billboards, digital posters, and interactive kiosks at public places such as airports, stations, and highways
• In terms of product, the digital poster segment is anticipated to gain traction over the forecast period owing to their growing deployment in private and commercial locations such as business centers and shopping malls
• In terms of end use, the corporate segment is expected to witness the fastest growth over the forecast period. This is attributed to the increasing number of highly customized and creative advertising campaigns undertaken by corporates to increase consumer engagement and drive sales
• The Asia Pacific regional smart advertising market is expected to register the highest CAGR over the forecast period. This can be attributed to the high expenditure on marketing by multinational companies that are striving to establish a strong presence in the emerging economies of India and China
• Key players operating in the market include OUTFRONT Media Inc., Lamar Advertising Company, CIVIQ Smartscapes, JCDecaux Group, Clear Channel Outdoor Holdings, Inc., Include Ltd., Intersection, Changing Environments Inc., IKE Smart City, Exterion Media (UK) Limited, and Captivate, LLC

Grand View Research has segmented the global smart advertising market based on component, product, end use, and region:

Smart Advertising Component Outlook (Revenue, USD Million, 2016 - 2025)

• Hardware
• Software
• Services

Smart Advertising Product Outlook (Revenue, USD Million, 2016 - 2025)

• Interactive Kiosk
• Digital Billboard
• Digital Poster
• Others

Smart Advertising End Use Outlook (Revenue, USD Million, 2016 - 2025)

• Corporate
• Government
• Education
• Food & Beverage
• Others

Smart Advertising Regional Outlook (Revenue, USD Million, 2016 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Player Tracking System Market to Record an Exponential CAGR by 2025

 The global player tracking system market size is expected to reach USD 10.70 billion by 2025, registering a CAGR of 25.4% from 2019 to 2025, according to a new report by Grand View Research, Inc. The continued emphasis of the coaching staff of prominent teams on tracking and enhancing the performance of players is expected to drive the growth of the market. Efforts aimed at preventing injuries to players are also necessitating the use of an appropriate player tracking system, thereby contributing to the growth of the market.

GPS-based tracking systems are expected to witness a high rate of adoption over the forecast period. The ease of installation, affordability, and availability are increasingly encouraging various sports teams to utilize GPS-based tracking systems for practice sessions as well as during tournaments. Many colleges and universities have started using GPS trackers for their football and rugby teams owing to similar reasons. For instance, Baylor University from Texas, University of Oregon, University of North Carolina, and Vanderbilt University from Nashville are some of the educational institutes in the U.S. that are using GPS trackers to monitor the performance of their players.

Asia Pacific is emerging as one of the promising regional markets for player tracking system companies. Several sports leagues in the region are increasingly adopting different kinds of tracking systems for players. For instance, the Board of Control for Cricket in India (BCCI) had signed a deal with STATSport Group, asports tech company based in the U.K., to implement a GPS-based player tracking system for the Indian cricket team ahead of the ICC Cricket World Cup 2019 to measure physical metrics of individual players.

However, the market is getting highly competitive as new entrants are foraying into the market with innovative and customized products. For instance, Gpexe System and Catapult Sports have launched wireless charging GPS trackers for players. These devices can be paired with smartphones to track the players in real time using dedicated apps. Moreover, market players are also forming strategic alliances with sports teams to gain a competitive advantage in the market. For instance, in March 2019, Sonda Sports announced a collaboration with Lions Rugby Co., a South African rugby team, to provide GPS tracking system. Similarly, in April 2019, Kinexon partnered with Brose Bamberg, a German basketball team from Bamberg, North Bavaria, to provide a sports tracking system.

Access Research Report of Player Tracking System Market @ https://www.grandviewresearch.com/industry-analysis/player-tracking-system-market

Further key findings from the report suggest:

• The services segment is expected to exhibit the highest CAGR over the forecast period owing to the growing demand for application-based monitoring systems
• The wearables segment is expected to register a high growth rate owing to the affordability and easy availability of GPS trackers
• The team sports segment is expected to exhibit the highest CAGR owing to the continued adoption of latest tracking technologies
• The Asia Pacific regional market is anticipated to register a CAGR of over 28% owing to the continued rollout of high-speed internet networks and proliferation of smart devices in the sports industry
• Some of the prominent players of player tracking system market include ChyronHego Corporation, Stats LLC, STATSports Group, and SPT Group Pty Ltd., among others.

Grand View Research has segmented the global player tracking system market on the basis of offering, technology, end use, and region:

Player Tracking System Offering Outlook (Revenue, USD Million, 2015 - 2025)

• Solution
• Services

Player Tracking System Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Optical
• Wearables
  • Satellite
  • Others (Bluetooth, LPS, and RFID)

Player Tracking System End Use Outlook (Revenue, USD Million, 2015 - 2025)

• Individual
  • Tennis
  • Golf
  • Others
• Team Sports
  • Football
  • Basketball
  • Rugby
  • Others

Player Tracking System Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Australia
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Volatile Organic Compound Gas Sensor Market Will See Strong Expansion Through 2025: Grand View Research Inc.

 The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power.Technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others. However, these sensors still exhibit limitations such as poor selectivity and lack high operating temperatures. Hence, to counter these challenges, companies are coming up with advanced MEMS sensors to overcome the limitations.

The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.

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Further key findings from the report suggest:

• Stringent regulations such as the World Health Organization (WHO) Air Quality Guidelines for Europe have specified the permissible levels of formaldehyde, toluene, and tetrachloroethylene gases that are released in the atmosphere as a result of industrial processes
• Single gas detection sensors are majorly used in automotive applications and are widely used for the detection of VOC gases such as combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others
• PID sensors can detect concentrations of explosives and hydrocarbons below the Lower Explosive Limit (LEL). Therefore, they are ideal for applications such as monitoring and controlling of decontamination and leak detection in closed rooms and confined spaces
• The use of VOC sensors is growing at a rapid pace for real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment
• Key players in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX Sensortech among others

Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:

Volatile Organic Compound (VOC) Gas Sensor Type Outlook (Revenue, USD Million, 2014 - 2025)

• Single Gas Detection Sensor
• Multiple Gas Detection Sensor

Volatile Organic Compound (VOC) Gas Sensor Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Photo-Ionization Detector (PID)
• Infrared-based Detection
• Metal-oxide Semiconductor
• Others

Volatile Organic Compound (VOC) Gas Sensor Application Outlook (Revenue, USD Million, 2014 - 2025)

• Oil & Gas
• Agriculture
• Automotive
• Chemical Industry
• Manufacturing
• Food & Beverages
• Metals & Mining
• Others

Volatile Organic Compound (VOC) Gas Sensor Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.