Military & Commercial Parachutes Market 2019-2025 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 The global military and commercial parachutes market size is expected to reach USD 930.4 million by 2025, growing at a CAGR of 6.1% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The increasing expenditure of governments in the defense sector across the world and the growth of adventurers pursuing skydiving/parachuting as a leisure activity are the major driving forces for the growth of the market. Moreover, advancements in the fabric technology amid smart textiles’ evolution and its application in parachute manufacturing is likely to propel the utility of parachutes in military and commercial applications.

The application of parachutes for the deployment of troops and supplies during military action and rescue operations in the wake of natural calamities is likely to boost the market for military chutes in the long run. The growth of commercial chutes in aerial sports like parachuting and skydiving has immense growth potential among the adventure seekers, particularly millennials. As per the U.S. Parachuting Association (USPA) records, in 2018, the association had exceeded 40,000 members for the first time in its history of 72 years, corroborating the trend that people are increasingly pursuing the sport.

The rise in number of aerial sports institutes and skydiving schools across the globe has been instrumental in attracting the parachutists and promoting the growth of the skydiving community. Various international skydiving associations such as U.S. Parachute Association, British Parachute Association, Australia Parachute Federation, and New Zealand Parachute Federation promote the culture of parachuting by setting standard rules and regulations and organizing competitions across the regions.

The occurrence of accidents and reports of deaths during parachuting activities, have raised concerns over the safety of the existing chutes. However, research and development and innovations in textile technology are expected to improve the safety, consequently propelling the military and commercial parachutes market growth during the forecast period.

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Further key findings from the study suggest:

• The ram-air type segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to its attributes such as increased stability and controlled maneuverability
• The troop/personnel parachutes segment is anticipated to witness the fastest growth over the forecast period due to the increasing adoption and attraction of aerial sports like parachuting and skydiving among the adventure seekers
• The Asia Pacific regional market is expected to exhibit the highest CAGR from 2019 to 2025 owing to the growing arrival of international tourists for experiencing adventure sports and establishment of skydiving hubs in countries such as Singapore, New Zealand, and Australia
• Key players operating in the market include Aerodyne Research, LLC; Airborne Systems; BAE Systems; Butler Parachute Systems, Inc.; Complete Parachutes Solutions; FXC Corporation; Mills Manufacturing; Parachute Systems; SPEKON; and Zodiac Aerospace.

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Grand View Research has segmented the global military and commercial parachutes market on the basis of type, application, and region:

Military and Commercial Parachutes Type Outlook (Revenue, USD Million, 2014 - 2025)

• Round
• Cruciform
• Ram-air
• Others

Military and Commercial Parachutes Application Outlook (Revenue, USD Million, 2014 - 2025)

• Troop/Personnel
• Cargo/Extraction
• Deceleration
• Emergency
• Others

Military and Commercial Parachutes Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
  • Germany
• Asia Pacific
  • China
  • New Zealand
  • India
• Latin America
  • Mexico
  • 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.

Facing the Facts in the Fascinating World of Facial Recognition

 The facial recognition market is witnessing exponential growth owing to the rising need to increase productivity and limit human interference without compromising security. Facial recognition technology is a part of biometric artificial intelligence that implements identity verification by comparing different video frames or digital images with the facial images stored in a database. Its popularity has significantly increased in recent times, with rapid advancements in the digital era.

With increasing application areas in mobile technology and social media to targeted marketing campaigns, security utilities at airports, and law enforcement, the deployment of facial recognition technology is unsurprisingly a vital part of our future. For instance, the tourism industry has successfully begun exploring the benefits of facial recognition. The technology helps speed up the documentation and authentication process and helps with maintaining controlled access to specific areas and identifying security threats.

The Science behind the Smile:

The world has seen the technology in action – be it unlocking phones with a glance or security cameras tracking faces. But how exactly does the technology work? While a smile might be a go-to mantra for a selfie, facial recognition digs much deeper.

Facial recognition software functions on robust algorithms that break down a face image into a series of fragments. These fragments contain points that are focused on the mouth, nose, and eyes and help create a unique ‘facial signature’. The magic happens when this unique signature is compared across an enormous database of different faces. High-end algorithms calculate the distance between the key points and even subtle variations in facial shapes and contours. With the help of this comparison, the system can identify an individual accurately.

The technology is evolving rapidly and facial recognition systems are increasingly becoming proficient at handling differences in angles, lighting, and even facial hair. It is projected that 3D facial recognition will augment the industry growth for even more precise identification. It is undoubtedly a complex orchestra of algorithms, facial signatures, and mathematic calculations that turns unique identity into a key to unlock the advancements in facial recognition.

Key Industry Trends:

• Accuracy on the Rise: With the increasing advancements in AI and machine learning, facial recognition systems are becoming more precise and accurate. 3D facial recognition, robust processors, and exceptional algorithms are expected to create new growth avenues in the industry. Also, the applications of deep neural networks for feature extraction have resulted in significant improvements over the current state of facial recognition.
• Applications beyond Security: Facial recognition technology is not just limited to security anymore. There are increasing application areas of the technology in business-facing and consumer-facing uses, including secure transactions in the FinTech sector, personalized retail, and interaction with AI assistants, among other developments.
• The Pandemic Effect: With Apple iOS 15.4 or later, Face ID can be recognized even with a mask for unlocking your iPhone while wearing a mask.

Unmasking the Face of the Future:

The potential of facial recognition technology to bolster security and streamline tasks is undeniable. However, the possibility of misuse and ethical concerns loom large. As the technology is attaining maturity, striking a balance between security and the rights of individuals becomes pre-eminent. Responsible developments help ensure that the technology ushers in a future that is a win-win situation for the makers, end-users, and individuals.

Global Market For Sailboat to Witness Tremendous Growth and Expansion by 2030

Sailboat Market Growth & Trends

The global sailboat market size is predicted to reach USD  4,623.6 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a recent analysis from Grand View Research, Inc. The market is a dynamic industry shaped by a combination of factors that cater to sailing enthusiasts worldwide. It encompasses a wide range of sailboat types, from small dinghies to luxurious yachts, each offering unique experiences for a diverse customer base. Several key factors influence the dynamics of this market, reflecting its adaptability to changing consumer preferences, environmental concerns, and technological advancements. One of the significant drivers of the market growth is the rising interest in recreational boating. People seek outdoor activities and leisure experiences, which drives market growth.

The appeal of setting sail, exploring coastlines, and experiencing the tranquility of open waters resonates with both seasoned sailors and newcomers to the sport. The traditional monohull sailboats, cherished for their classic design and aesthetics, continue to be popular choices, especially among those who value the authenticity and heritage of sailing. Moreover, economic conditions play a substantial role in shaping the sailboat market. Factors like disposable income levels, consumer confidence, and overall economic health directly impact purchasing decisions. During periods of economic prosperity, individuals are more likely to invest in leisure activities like sailing, contributing to market growth. However, economic downturns can lead to reduced sales and fluctuations in demand.

In recent years, there has been a growing focus on sustainability and eco-consciousness, which has influenced sailboat designs. Sailboat manufacturers are increasingly incorporating eco-friendly features like electric propulsion systems, solar panels, and efficient waste management solutions. This aligns with the broader societal shift towards environmental responsibility and appeals to a market segment seeking greener alternatives. Technological advancements have also transformed the sailboat market. Innovations in sail controls, navigation systems, and materials have improved safety and performance. In addition, digitalization has played a significant role, with virtual boat tours, online sales platforms, and digital navigation aids becoming standard practices in the industry.

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Sailboat Market Report Highlights

• The monohull segment market is expected to witness substantial growth with a CAGR of 4.4% since monohull sailboats are well-suited for long-distance cruising and are gaining popularity among sailors seeking adventure and exploration
• By length, the 20-50 ft. segment accounted for the maximum share of 59.2% in 2023. Innovations in materials ranging from carbon fiber to advanced composites have a profound impact on the weight, strength, and overall performance of sailboats within the 20-50 ft. size range
• Although the COVID-19 pandemic restricted market growth due to travel restrictions, it led to high-net-worth individuals desiring private and exclusive holidays. It has also changed the way sailboat companies are carrying out their business. Companies are embracing digital transformation and investing in new websites to sell and charter sailboats virtually
• The Asia Pacific regional market growth is fueled by factors, such as economic prosperity and a growing middle-class population, which propel the demand for sailing as a leisure pursuit, particularly in countries, such as China and India

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Sailboat Market Segmentation

Grand View Research has segmented the global sailboat market based on on hull type, length, propulsion technology, and region:

Sailboat Hull Type Outlook (Revenue, USD Million; 2017 - 2030)

• Monohull
• Multi-hull

Sailboat Length Outlook (Revenue, USD Million; 2017 - 2030)

• Up to 20ft.
• 20-50 ft.
• Above 50 ft.

Sailboat Propulsion Technology Outlook (Revenue, USD Million; 2017 - 2030)

• Fixed Pitch Props
• Variable Pitch Props
• Folding Props

Sailboat Regional Outlook (Revenue, USD Million; 2017 - 2030) 

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

List of Key Players of Sailboat Market

• Hallberg-Rassy Varvs AB
• Groupe Beneteau
• Catalina Yachts
• HanseYachts AG
• CANTIERE DEL PARDO S.p.A.
• Fountaine Pajot
• Oyster Yachts
• Nautor Swan Srl
• Bavaria Yachts
• Najad
• Storm Marine Group

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.

Fire-resistant Glass Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Fire-resistant Glass Market Growth & Trends

The global fire-resistant glass market size is expected to reach USD 5.92 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Rising emphasis on improving the fire safety standards owing to increasing instances of fire accidents and the growing development of innovative infrastructure is expected to propel the market growth during the projected period.

Fire-resistant glass is produced for bearing heat and holding high temperatures, as a result, they provide a barrier against smoke, fire, and extreme heat. It is used in various applications like doors, windows, partition walls, and stairways, in numerous end-use industries including building & construction, marine, automotive, aerospace, and others. The rising product consumption in the building & construction industry owing to an increasing number of fire incidents and the imposition of strict norms & regulations for the incorporation of fire-resistant materials in construction activities will support market growth.

Rising disposable incomes, growing preference toward look & appeal in interiors, and increasing awareness about fire safety have augmented the product demand in premium or luxury construction. For instance, in May 2021, TECFIRE had received a contract to provide fire-rated glass for the development of infrastructure for island resorts, marinas, commercial districts, residential areas, and several entertainment districts at Lusail City, Qatar. Thus, increasing spending on the development of infrastructure projects from a safety perspective is likely to fuel the product demand over the forecast period.

The COVID-19 pandemic has impacted the construction sector, with restrictions on construction projects and stagnancy in infrastructure spending resulting in a downfall in global revenue. The major short-term challenges include fluctuation in raw material prices, unemployment, minimal production, mandatory shutdowns in construction projects, and disruptions in logistics. These factors have significantly hampered the market growth during the pandemic.

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Fire-resistant Glass Market Report Highlights

• In 2020, the ceramic product segment dominated the market in terms of revenue
• Ceramic-based product has high strength, low thermal expansion coefficient, and wear resistance, which makes it suitable for challenging environments in high-temperature applications
• The building & construction application segment is estimated to account for the maximum revenue share by 2028
• Increased construction activities coupled with rapid urbanization, particularly in developing countries like Africa, Thailand, Vietnam, China, India, and the Middle East countries, boost the product demand
• Moreover, the product usage in commercial buildings for various applications, such as server rooms, fire-safe floors, glass partitions, doors & windows, lift enclosures, and stair entry & exit points make the segment more lucrative
• North America is anticipated to maintain its dominance throughout the forecast period due to the rising focus on the improvement of the fire safety regulations & building safety standards by the governments and regulatory bodies

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Fire-resistant Glass Market Segmentation

Grand View Research has segmented the global fire-resistant glass market on the basis of product, application, and region:

Fire-resistant Glass Product Outlook (Revenue, USD Million, 2017 - 2028)

• Wired
• Ceramic
• Gel-filled
• Tempered
• Others

Fire-resistant Glass Application Outlook (Revenue, USD Million, 2017 - 2028)

• Building & Construction
• Marine
• Others

Fire-resistant Glass Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Fire-resistant Glass Market

• Saint-Gobain
• AGC, Inc.
• GlasTrösch
• Nippon Sheet Glass Co., Ltd.
• POLFLAM sp. z o.o.
• Shandong Hengbao Fireproof Glass Factory Co., Ltd.
• Diamond Glass
• Pyroguard
• Safti First
• Schott AG

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.

Window Coverings Market Size Projected to Rise Lucratively during 2024 to 2030: Grand View Research Inc.

 Window Coverings Market Growth & Trends

The global window coverings market is anticipated to reach USD 60.16 billion by 2030 and it is projected to grow at a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising income levels, changing lifestyles, increasing media penetration, and the invasion of other cultures have all contributed to increased consumer expenditure on various designs and luxury homeware. During the forecast period, all of these aspects are expected to present considerable growth possibilities for market vendors. Moreover, with increasing urbanization and globalization trends, home décor has become more popular in both developed and emerging economies such as India, Brazil, and China. This increase in home decor is boosting the demand for window covering in the residential sector.

Moreover, different technologies and improvements, such as sensor-based window coverings, together with an increase in the number of smart homes, provide growth potential. The market faces a challenge from the easy availability of low-quality and counterfeit products at low rates, as well as the major slowing of the supply chain caused by the COVID-19 virus outbreak.

Smart window solutions are bringing connected shades, blinds, and curtains to the home interior, significantly improving comfort and convenience while always maintaining the right balance of natural and artificial light, occupant well-being, and everyday conveniences. For example, at the Consumer Electronics Show (CES) 2020 in January 2020, Somfy, a company that specializes in the motorization and connectivity of interior window coverings, exterior shading products, and access management systems, unveiled its new smart shading and its Sonesse ULTRA 30 WireFree Zigbee Li-Ion motor.

Moreover, with the emergence of COVID-19, home renovations became more popular, although market sellers reported a drop in bespoke window covering sales. This was in keeping with the ban on house visits. In addition, a sizable DIY industry has evolved as a means of facilitating economical restoration.

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Window Coverings Market Report Highlights

• Based on type, the blinds and shades segment is projected to register the fastest CAGR during the forecast period. Due to technological developments in the product, blinds and shades are becoming more popular. Manufacturers have developed technology such as remote control shades and automatic weather sensor shades, resulting in a surge in demand in recent years
• Based on application, the commercial application sector is expected to witness steady growth over the forecast period. The growing number of hotels and restaurants owing to the growth of the travel and tourism industry across the world has widened the opportunity for the product
• Based on the distribution channel, the online segment is expected to grow the fastest CAGR during the forecast period. The increasing availability of a wide range of products from different brands, free delivery, and seasonal discounts on e-commerce platforms are among the major reasons driving the segment
• Based on installation, the retrofit category dominated the market. Rising inclination towards home renovation compared to new house purchasing owing to high costs associated with home prices as well as mortgage rates, consumers are largely moving towards home remodeling
• North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2023. The demand for window curtains and drapes for interior spaces in the North American market is booming due to the growing number of smart houses and increasing penetration of smart technologies in households in the U.S. and Canada

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Window Coverings Market Segmentation

Grand View Research has segmented the global window coverings market report on the basis of type, application, installation, distribution channel, technology, and region:

Window Coverings Type Outlook (Revenue, USD Million; Volume, Million Sq. Ft., 2018 - 2030)

• Blinds & Shades
• Curtains & Drapes
• Shutters
• Others

Window Coverings Application Outlook (Revenue, USD Million; Volume, Million Sq. Ft., 2018 - 2030)

• Residential
• Commercial

Window Coverings Distribution Channel Outlook (Revenue, USD Million; Volume, Million Sq. Ft., 2018 - 2030)

• Online
• Offline
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Multi Brand Stores

Window Coverings Installation Outlook (Revenue, USD Million; Volume, Million Sq. Ft., 2018 - 2030)

• New Construction
• Retrofit

Window Coverings Technology Outlook (Revenue, USD Million; Volume, Million Sq. Ft., 2018 - 2030)

• Automatic
• Manual

Window Coverings Regional Outlook (Revenue, USD Million; Volume, Million Sq. Ft., 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • South Africa

List of Key Players in the Window Coverings Market

• Hunter Douglas Inc.
• Lotus & Windoware, Inc.
• Bombay Dyeing & Manufacturing Co Ltd.
• Insolroll Window Shading Systems
• Springs Window Fashions
• Welspun
• SKANDIA WINDOW FASHIONS, INC.
• MechoShade Systems, LLC
• Lafayette Interior Fashions
• COMFORTEX WINDOW FASHIONS

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.

North America Wheelchair Market is Likely To Touch $2.9 Billion by 2030: Grand View Research Inc.

North America Wheelchair Market Growth & Trends

The North America wheelchair market size is expected to reach USD 2.9 billion by 2030, expanding at a CAGR of 7.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. This is mainly due to an increase in the adoption of advanced, compact, and portable mobility aids on account of the growing target population in the U.S. Rising geriatric population is most likely to create higher demand for mobility products, such as wheelchairs.

As per the U.S. Census Bureau, mobility is the most common disability among older Americans in 2022. 61 million adults live with a disability in the U.S. today, out of which, 13.7% have mobility disabilities with serious difficulties faced while walking or climbing stairs.

The COVID-19 pandemic exacerbated a global shipping and logistics crisis in early 2020, resulting in container shipping shortages and rising costs. This has led to various interruptions and can continue the worldwide disruptions to trade in the near future. It also made it difficult for wheelchair manufacturers to obtain the necessary products, components, and raw materials. However, companies are anticipated to restart operations due to the ease of lockdown, which will support market growth in the years to come.

According to the Urban Institute, the number of Americans above 65 and older will double over the next four decades, reaching 80 million by 2040. An increasing number of elderly people coupled with rising incidents of falls among the elderly is projected to drive demand for mobility aids during the forecast period. Aging is considered to be the greatest risk factor for developing chronic conditions. Hence, with the growing geriatric population, the prevalence of chronic conditions, such as diabetes, cardiovascular disorders, arthritis, & other lifestyle disorders is expected to increase, aiding the market growth. The elderly remain the key target population for personal mobility devices like wheelchairs.

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North America Wheelchair Market Report Highlights

• The manual wheelchair product segment dominated the market with the largest revenue share of more than 61.1% in 2022. This growth can be attributed to the high product demand due to its low cost, weight, and non-dependability on charging
• The adult category segment accounted for the highest revenue share of over 69.1% in 2022. This is owing to the fact that adults have a higher rate of spinal injuries, neuromuscular diseases, and trunk/neck weakness than children
• The rehabilitation centers application dominated the market with a revenue share of more than 34.1% in 2022

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North America Wheelchair Market Segmentation

Grand View Research has segmented the North America wheelchair market based on product, category type, application, and region:

North America Wheelchair Product Outlook (Revenue, USD Million, 2018 - 2030)

• Manual
• Electric

North America Wheelchair Category Type Outlook (Revenue, USD Million, 2018 - 2030)

• Adult
• Pediatric

North America Wheelchair Application Outlook (Revenue, USD Million, 2018 - 2030)

• Homecare
• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers

North America Wheelchair Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada

List of Key Players in the North America Wheelchair Market

• Carex Health Brands, Inc.
• DeVilbiss Healthcare LLC
• GF Health Products, Inc.
• Invacare Corporation
• Medline Industries, Inc.
• Sunrise Medical
• Karman Healthcare, Inc.
• Quantum Rehab
• Numotion
• Pride Mobility Products Corp.
• Sermax Mobility Ltd.

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.

Railway Telematics Market Poised to Expand at a Robust Pace of $18.37 Billion Over 2030: Grand View Research Inc.

Railway Telematics Market Growth & Trends

The global railway telematics market is expected to reach USD 18.37 billion by 2030, registering a CAGR of 6.7% from 2023 to 2030, according to Grand View Research, Inc. Increase in government initiatives for smart railways owing to rapid urbanization and evolution of smart cities, globally, is driving the market growth. Governments across the globe are laying emphasis on undertaking several smart city initiatives to speed up operational activities in public transport services and offer better infrastructure for transportation.

Several countries such as Germany, India, France, and Canada have recognized that the expansion of the railway infrastructure is a significant factor supporting economic development. As a result, OEMs and numerous countries are investing considerably in railway infrastructure. For instance, in September 2022, Siemens mobility announced a contract with NS Groep N.V., a transportation company, to upgrade 176 ViRM trains with the most up-to-date ETCS European Train Control System (ETCS) Level 2 technology.

With the ETCS Level 2 update, the fleet will be able to function more effectively to balance its useful life while also satisfying the most recent European criteria for rail safety compatibility. Equipment for the ETCS onboard unit, installation assistance, and seven years of system maintenance services will all be supplied by Siemens Mobility.

The majority of the prominent players in the railway telematics market belong to European region. OEMs including Alstom, DB Cargo, Knorr-Bremse, and Siemens AG hold a majority of the share in the railway telematics market. Several railway operators are replacing old technologies with progressive train signaling and control systems. For instance, in May 2022, Rail Pulse announced a partnership with Railinc, a rail data services provider company.

Under this partnership, Railinc and Rail Pulse will provide sensor and telematics technology to the North American freight rail sector. Under a 10-year agreement, Railinc will create, maintain, and run the technology platform for Rail Pulse to track the current location, and condition of railcars.

The outbreak of COVID-19 has negatively impacted the market. The lockdown restrictions imposed by the various governments have hampered freight and logistics activities, globally, during the first half of 2020. This has led to a significant decline in the adoption of telematics services. However, with the ease in the lockdown restrictions imposed by various governments, globally, and the revival of logistics and freight activities along with the business resumption, the market is expected to witness significant growth during the forecast period.

The prominent players that dominated the railway telematics market globally in 2020 include Hitachi Ltd., Siemens AG, Robert Bosch GmbH, Knorr-Bremse AG, and Alstom SA. These players majorly focus on strategic partnerships and mergers & acquisitions to enhance their business operations. For instance, in January 2022, Hitachi Rail Limited partnered with Intermodal Telematics BV (IMT), a software services provider for the intermodal transport industry, to improve its rail freight market offerings.

As part of this partnership, IMT's monitoring sensors that provide real-time monitoring will be integrated into Hitachi's present digital freight service. These sensors support the accurate verification of railcar locations, loading status, door and hatch open/close conditions, cargo temperature and pressure, along with the condition of bogies and wheelsets.

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Railway Telematics Market Report Highlights

• The fleet management segment is expected to dominate the railway telematics market due to the increasing freight activities, globally. The segment growth can be attributed to the rising need to manage the performance and the condition of rail assets
• The telematics control unit segment is expected to dominate the component segment and the trend is expected to continue during the forecast period. The growth can be attributed to the increased profitability, safety, and maintenance provided by the advanced telematics control unit in railcars
• North America is estimated to account for the majority share of the market during the forecast period. Growing transportation requirements of freight and logistics industries and increasing awareness about safety and accident prevention are some of the major drivers of the market growth in this region

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Railway Telematics Market Segmentation

Grand View Research has segmented the global railway telematics market based on solution, railcar, component, and region:

Railway Telematics Solution Outlook (Revenue, USD Million; 2018 - 2030)

• Fleet Management
• Automatic Stock Control
• Remote Data Access
• Railcar Tracking And Tracing
• Others

Railway Telematics Railcar Outlook (Revenue, USD Million; 2018 - 2030)

• Hoppers
• Tank Cars
• Well Cars
• Boxcars
• Refrigerated Boxcars
• Others

Railway Telematics Component Outlook (Revenue, USD Million; 2018 - 2030)

• Telematics Control Unit
• Sensors

Railway Telematics Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of key players in the Railway Telematics Market

• Siemens AG
• Hitachi Ltd.
• Alstom SA
• Knorr-Bremse AG
• Robert Bosch GmbH
• A1 Digital
• Rail nova SA
• SAVVY Telematics Systems AG
• Wabtec Corporation
• Amsted Industries
• Orbcomm

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.

Non-alcoholic Beverages Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Non-alcoholic Beverages Market Growth & Trends

The global non-alcoholic beverages market size is expected to reach USD 1,997.25 billion by 2030, registering a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. As consumers become more health-conscious, there is a growing demand for beverages that offer nutritional benefits, such as hydration, and contribute to overall well-being. This trend has shifted the spotlight from traditional sugary and carbonated drinks to healthier and functional beverage options.

Consumers increasingly seek alternatives to sugary sodas and high-calorie beverages, driven by concerns about obesity, diabetes, and other health issues. Non-alcoholic drinks that promote natural ingredients, low or no sugar content, and functional additives such as vitamins, antioxidants, and probiotics are gaining popularity. Companies in the market respond to this demand by innovating and introducing a diverse range of healthier beverage options, including herbal teas, infused water, natural fruit juices, and functional drinks.

The rise of alternative and plant-based ingredients is contributing to the growth of this market. Plant-based beverages, such as almond milk, soy milk, and other dairy alternatives, have gained traction as consumers explore options that align with their dietary preferences, including vegan and lactose-free choices. Health considerations and environmental and ethical concerns drive this shift toward plant-based and alternative ingredients.

The retail stores have become integral to the global economy in recent years. These stores have a competitive advantage in terms of proximity to customers and, in most cases, an extremely loyal customer base. Retail sales growth has thus become a major factor in the growth of the market.

For instance, in 2022, Koios Beverage Corporation, a beverage manufacturer, partnered with McLane Co., a company that buys, sells, and delivers more than 50,000 consumer products to nearly 110,000 locations across the U.S. This helped the former to grow its distribution network for its Fit Soda line (organic, natural soda) in convenience stores and gas stations in the U.S. Furthermore, the company is expanding its footprint in many new markets and regions.

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Non-alcoholic Beverages Market Report Highlights

• Based on product, the carbonated soft drinkssegment dominated the market in 2023. As consumers seek less sugar in beverages, several manufacturers are diversifying their product offerings by providing zero and low-calorie products to prompt growth within this category
• Based on distribution channel, the retail segment is expected to grow at the fastest CAGR from 2024 to 2030. Several brands are launching innovative products such as mock tails, artisanal sodas, and other non-alcoholic products through retail channels such as supermarkets, convenience, and department stores. These retail channels offer various options to accommodate different tastes and preferences. Moreover, retailers usually dedicate shelf space for non-alcoholic beverages, further increasing their visibility and potential for sales
• Asia Pacific dominated the overall non-alcoholic beverages industry in 2023. Asia Pacific, particularly in emerging countries, has created a strong demand for non-alcoholic beverages, including energy drinksand fortified juices. The growing awareness of the need for an active lifestyle, given the prevalence of lifestyle diseases, has encouraged consumers to opt for healthy and sugar-free drinks

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Non-alcoholic Beverages Market Segmentation

Grand View Research has segmented the global non-alcoholic beverages market based on product, distribution channel, and region:

Non-alcoholic Beverages Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Carbonated Soft Drinks
• Bottled Water
• RTD Tea & Coffee
• Functional Beverages
• Juices
• Dairy-based Beverages
• Others

Non-alcoholic Beverages Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Food Service
• Retail

Non-alcoholic Beverages Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Non-alcoholic Beverages Market

• Nestlé
• PepsiCo
• Unilever
• Keurig Dr. Pepper Inc.
• The Coca-Cola Company
• Jones Soda Co.
• Danone S.A
• Suntory Beverage & Food Ltd
• Asahi Group Holdings, Ltd.
• Red Bull

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.

Australia & New Zealand Healthcare CROs Market Projected to Discern Stable Expansion by 2030

 Australia & New Zealand Healthcare CROs Market Growth & Trends

The Australia & New Zealand healthcare CROs market size is expected to reach USD 2.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.5% from 2023 to 2030. The rising costs associated with drug development are anticipated to drive the demand. As clinical trial costs continue to increase and challenges related to patient recruitment persist, biopharmaceutical companies are increasingly turning to countries such as Australia, New Zealand, China, and India in search of cost savings and efficient patient recruitment. As a result, the market is expected to benefit from this trend over the forecast period.

R&D tax credits are available in both countries. According to the April 2021 update from Brandon Capital Partners, a key Australasian life sciences venture capital firm, the R&D tax incentive given to international sponsors in Australia can lead to savings in costs of up to 43.5%, in comparison to New Zealand's 15%. In addition, the article stated that the Australian government projected that its tax credit helped the clinical trial sector reach a value of USD 1 billion, which would eventually boost the Australia and New Zealand contract research organizations industry’s growth.

The growing adoption of digital health technologies, such as telemedicine, wearables, and AI, is impacting drug development & clinical trials, creating new opportunities for contract research organizations. Australia is one of the leading countries to conduct decentralized clinical trials; according to Novotech, During the COVID-19 pandemic, Australia demonstrated significant progress in online care platforms. From March 2020 to April 2021, more than 56 million telehealth services were provided to around 13.6 million patients. In addition, the government's recent 2021-2022 Federal Budget allocated an additional USD 204.6 million to telehealth, bringing the total investment to USD 3.6 billion.

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Australia & New Zealand Healthcare CROs Market Report Highlights

• Based on phase type, the clinical segment dominated the market in 2022, with the largest share of 76.4%, because it comprises four elaborate phases, including human subjects. The significant demand for new treatments has further contributed to the growth of the segment
• The regulatory/medical affairs service segment is expected to register the fastest CAGR of 15.6% over the forecast period
• The oncology application segment accounted for the largest market share of 40.2% owing to the increasing incidence of cancer, advancements in oncology research, and the growing demand for targeted therapies
• Pharmaceutical & Biopharmaceutical companies by end-use segment is expected to register the fastest CAGR of 11.7% over the forecasted period

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Australia & New Zealand Healthcare CROs Market Segmentation

Grand View Research has segmented the Australia & New Zealand healthcare CROs market based on phase type, service, application, end-use, and country:

Australia & New Zealand Healthcare CROs Phase Type Outlook (Revenue, USD Million, 2018 - 2030)

• Drug Discovery
  • Target Validation
  • Lead Identification
  • Lead Optimization
• Preclinical
• Clinical
  • Phase I Trial Services
  • Phase II Trial Services
  • Phase III Trial Services
  • Phase IV Trial Services

Australia & New Zealand Healthcare CROs Service Outlook (Revenue, USD Million, 2018 - 2030)

• Project Management/Clinical Supply Management
• Data Management
• Regulatory/Medical Affairs
• Medical Writing
• Clinical Monitoring
• Quality Management/ Assurance
• Bio-statistics
• Investigator Payments
• Laboratory
• Patient and site Recruitment
• Technology
• Others

Australia & New Zealand Healthcare CROs Application Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology
• Cardiovascular
• Autoimmune/Inflammation
• Central nervous system (CNS)
• Dermatology
• Infectious diseases
• Respiratory
• Others

Australia & New Zealand Healthcare CROs End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & Biopharmaceutical Companies
• Medical Device Companies

Australia & New Zealand Healthcare CROs Country Outlook (Revenue, USD Million, 2018 - 2030)

• Australia
• New Zealand

List of Key Players in the Australia & New Zealand Healthcare CROs Market

• PAREXEL International Corporation
• Thermo Fischer Scientific, Inc.
• SGS SA
• ICON plc
• Medpace Australia Pty. Ltd
• Charles River Laboratories International, Inc.
• IQVIA
• Novotech
• Laboratory Corporation of America Holdings
• Syneos Health

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.

Europe Transfer Molded Pulp Packaging Market Booming Trends and Forecast Assessment for the Period

 Europe Transfer Molded Pulp Packaging Market Growth & Trends

The Europe transfer molded pulp packaging market size is expected to reach USD 1.04 billion by 2030, expanding at a CAGR of 6.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the Europe transfer molded pulp packaging industry is fueled by various factors, including the eco-friendly nature of transfer molded pulp, increasing consumer preference for recyclable materials, the rise in disposable incomes, and the growing demand for packaging that is both reusable and sustainable.

European countries such as Germany, France, Austria, Russia, and the UK are some of the major egg-producing countries globally. As the production and subsequent consumption of eggs continue to grow, there is a parallel need for sustainable packaging solutions to accommodate the packaging of these eggs. Transfer molded pulp packaging offers a protective and eco-friendly option for packaging eggs, ensuring their safe transportation and storage. Hence, the market is witnessing growth due to the rising demand for lightweight and cost-effective packaging solutions for the transportation of fragile products such as eggs.

The increasing consumption of on-the-go products and single-serve meals, driven by the growing number of working professionals in Europe and the desire for convenience, is expected to drive the demand for transfer molded pulp packaging products in the food service industry over the forecast period. The growing popularity can be attributed to the rise in the number of working professionals in European countries. According to Eurostat, the number of working professionals in Europe is expected to exceed 250 million, accounting for approximately 73.1% of the total population in 2021.

Additionally, the employment rate in all EU member states witnessed growth in 2022 compared to the previous year. This increase in the working population has led to a rising trend among consumers to opt for ready-to-eat meals, on-the-go snacks, and beverages from restaurants and fast-food chains, as they offer convenience and time-saving benefits.

The ban on plastic in European countries can be a significant factor driving the growth of the market. In October 2023, England introduced a ban on specific single-use plastic items, which prevents businesses from providing products such as polystyrene cups and plastic cutlery. This initiative is part of a larger goal to eliminate all "unnecessary plastic waste" entirely by 2042. As a result, this outlook is expected to boost demand for alternative packaging materials that are more sustainable and eco-friendly, such as transfer molded pulp packaging across the UK.

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Europe Transfer Molded Pulp Packaging Market Report Highlights

• Based on application, the food packagingsegment dominated the market in 2023. Transfer molded pulp packaging products, such as wine shippers, trays, inserts, and divider sets are used for shipping wine or champagne. These packaging solutions provide a sustainable and eco-friendly alternative for transporting wine bottles
• Healthcare is projected to be the fastest-growing segment of the market. The healthcare industry encounters notable obstacles in preventing cross-contamination among patients and staff, especially when it comes to managing human waste. The utilization of transfer molded pulp products, such as single-use urinals, dishes, and bowls can effectively mitigate this risk and enhance safety measures in healthcare settings
• Western Europe dominated the region in 2023 and is expected to grow with the fastest growth rate over the forecast period. The demand for transfer molded pulp packaging products, including egg cartons and trays, is driven by the growing production and consumption of eggs in Western Europe. The rising consumption of wine in the region is also fueling the demand for fiber-molded wine or champagne shippers
• In February 2023, Huhtamaki completed the acquisition of Huhtamaki Tailored Packaging Pty Ltd (HTP), a prominent Australian food service packaging distribution and wholesale group, thereby obtaining full ownership. Initially acquiring a majority stake in 2018, Huhtamaki already held approximately 76% ownership of the company prior to this transaction. The debt-free purchase price for the additional shares amounts to approximately USD 20 million

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Europe Transfer Molded Pulp Packaging Market Segmentation

Grand View Research has segmented the Europe transfer molded pulp packaging market based on application and region:

Europe Transfer Molded Pulp Packaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food Packaging
• Food Service
• Electronics
• Healthcare
• Industrial
• Others

Europe Transfer Molded Pulp Packaging Region Outlook (Revenue, USD Million, 2018 - 2030)

• Western Europe
  • Germany
  • France
  • Netherlands
  • Belgium
  • Austria
  • Slovakia
  • Czech Republic
  • Rest of Western Europe
• Eastern Europe
  • Poland
  • Hungary
  • Romania
  • Rest of Eastern Europe
• Scandinavian
  • Sweden
  • Denmark
  • Finland
  • Rest of Scandinavian

List of Key Players in the Europe Transfer Molded Pulp Packaging Market

• Brødrene Hartmann A/S
• Omni-Pac Group
• Huhtamaki
• Pulp-Tec Limited
• TART
• PAPACKS Sales GmbH
• KIEFEL GmbH
• James Cropper plc
• TRIDAS
• Goerner Formpack GmbH
• buhl-paperform GmbH

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.

Cut Flowers Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Cut Flowers Market Growth & Trends

The global cut flowers market size is expected to reach USD 51.83 billion by 2030 and it is projected to grow at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The cut flower market is witnessing significant shifts driven by evolving consumer preferences and market dynamics. A notable trend is the increasing use of cut flowers for various occasions such as weddings, celebrations, and cultural events, alongside a growing preference for locally grown and sustainable options, particularly in the Asia Pacific market. This demand for eco-friendly products has led to a surge in homegrown floriculture.

Owing to a stiff competition from international suppliers who offer lower prices and greater volume, U.S. flower farms are carving out a niche by focusing on speciality varieties not readily available from overseas distributors. These local growers are emphasizing high-quality stems, including delicate blooms that may not withstand long-distance shipping or have shorter vase lives, catering to discerning customers seeking unique offerings.

Among various flowers, roses are considered as timeless symbols of love and affection, remain immensely popular across various occasions, driving demand for cut flowers. Their diverse colors and versatility in arrangements further contribute to their appeal among consumers.

Small-scale cut flower farms, characterized by their entrepreneurial spirit, often adopt direct-to-consumer sales strategies through avenues such as farmers markets, CSA programs, and agritourism ventures. In addition, experienced local growers may collaborate with wholesale distributors, florists, or event services to supply specialty flower varieties, leveraging their expertise and market connections.

Research conducted by Columbia & Stock in 2021 and Curtis & Stock in 2023 underscores the significance of these market trends and the strategic approaches adopted by players in the cut flower industry to meet evolving consumer demands and capitalize on emerging opportunities.

In terms of sales of cut flowers through online channel, there has been a notable surge in online flower purchases, attributed to the convenience and exceptional quality offered by digital platforms. This escalating trend is fueled by the ease with which customers can browse and buy flowers from the convenience of their homes, with just a few clicks.

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Cut Flowers Market Report Highlights

• The global cut flowers market is anticipated to experience the fastest CAGR during the forecast period, as it is fueled by the increasing use of cut flowers in events, special occasions, ceremonies, parties, and welcoming gestures
• Based on product, the rose segment has a historical significance as a symbol of romance and ardor, with nearly every culture and religion attributing sentiments of love, passion, and longing to the red rose
• Cut flowers serve as captivating focal points at home when arranged in vases or containers, adorning dining tables, coffee tables, or mantelpieces with natural beauty
• Online flower shopping offers not just convenience but also time and effort savings. Through online flower delivery services, customers can easily send flowers directly to their desired recipients for birthdays, anniversaries, or any other significant occasion

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cut-flowers-market

Cut Flowers Market Segmentation

Grand View Research has segmented the global cut flowers market report based on product, application, distribution channel, and region:

Cut Flowers Product Outlook (Revenue, USD Million, 2018 - 2030)

• Rose
• Chrysanthemum
• Carnation
• Gerbera
• Lilium
• Others

Cut Flowers Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial
• Home

Cut Flowers Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Supermarkets & Hypermarkets
• Specialty Stores
• Online
• Others

Cut Flowers Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)
  • South Africa

List of Key Players of the Cut Flowers Market

• The Queen’s Flowers Corp
• Selecta Cut Flowers SAU
• Sher Holland BV
• Multiflora Corp
• Rosebud Ltd
• Karen Roses Ltd
• Washington Bulb Co Inc
• Dummen Orange Holding BV
• Esmeralda Farms LLC
• Marginpar BV

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.