Industrial Computed Tomography Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 

Industrial Computed Tomography Market Growth & Trends

The global industrial computed tomography market size is expected to reach USD 1,116.5 million by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Industrial computed tomography is a non-destructive testing method for examining components such as aluminum and plastics. It is a type of radiography testing used to detect flaws in components without contact. It is increasingly used across various industries, including electronics, automotive, and oil & gas, among others. The COVID-19 pandemic negatively affected the market due to lockdowns and government travel restrictions, reducing industrial production worldwide. Growing industrialization and the rising adoption of additive manufacturing techniques across industries are driving the growth of the market for industrial computed tomography. 

The benefits offered by industrial CT include improved product design and manufacturing cost reduction and reduced product failure instances. These benefits are expected to boost the adoption of industrial CT scanners in the industries. Industrial CT scanners offer high-quality inspection images detailing the product under inspection. This improves the inspection process across industries.

Based on offering, the market is divided into exploratory equipment and services. The wide availability of various software-enabled computed tomography scanners is driving the growth of the segment. Based on type, the market is divided into high-voltage CT, micro CT, and others. High-voltage CT scanners are used for large and dense components, whereas micro CT scanners are used for small to medium-sized components.

The market players are introducing innovative solutions for industrial computed tomography to improve offerings. For instance, in February 2022, Comet Group announced the launch of a new computed tomography system called YXLON UX50. The system is based on the Geminy software platform. It is designed for foundry and automotive industries for production environment.

Some of the key players include Nikon Corporation; OMRON Corporation; Baker Hughes Company; Comet Group; ZEISS Group; Shimadzu Corporation; North Star Imaging Inc. (Illinois Tool Works Inc.); Werth Inc.; Rigaku Corporation; and VJ Technologies. These key players are adopting different development strategies, such as product launches and others, to expand their presence and market share.

In April 2023, Japan-based Nikon Corporation announced the launch of two new X-ray computed tomography inspection systems. The two variants, VOXLS 30 M 450 and VOXLS 30 C 450 deliver continuous X-ray power of up to 450 watts. The new systems have applications such as scanning large turbine blades and 3D-printed parts.

Request a free sample copy or view report summary: Industrial Computed Tomography Market Report

Industrial Computed Tomography Market Report Highlights

• The increasing need to reduce product recall instances and improve overall product quality drives the market growth
• The services segment is projected to grow at the fastest CAGR over the forecast period
• The high-voltage CT segment is expected to dominate the market in 2022 with a revenue share of 42.7% and is expected to expand at a CAGR of 7.5% from 2023 to 2030
• The cone-beam CT segment is projected to grow at the fastest CAGR of 7.9% over the forecast period
• The flaw detection and inspection segment held the largest revenue share in 2022 and is expected to expand at a CAGR of 8.6% from 2023 to 2030
• The electronics segment is projected to grow at the fastest CAGR of 8.5% over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-industrial-computed-tomography-market

Industrial Computed Tomography Market Segmentation

Grand View Research has segmented the global industrial computed tomography market based on offering, type, scanning technique, application, vertical, and region:

Industrial Computed Tomography Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Equipment
• Services

Industrial Computed Tomography Type Outlook (Revenue, USD Million, 2017 - 2030)

• High-voltage CT
• Micro CT
• Others

Industrial Computed Tomography Scanning Technique Outlook (Revenue, USD Million, 2017 - 2030)

• Fan-beam CT
• Cone-beam CT
• Others

Industrial Computed Tomography Application Outlook (Revenue, USD Million, 2017 - 2030)

• Flaw Detection and Inspection
• Failure Analysis
• Assembly Analysis
• Dimensioning and Tolerancing Analysis
• Others

Industrial Computed Tomography Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Oil & Gas
• Aerospace and Defense
• Automotive
• Electronics
• Others

Industrial Computed Tomography Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Industrial Computed Tomography Market

• Nikon Corporation
• OMRON Corporation
• Baker Hughes Company
• Comet Group
• ZEISS Group
• Shimadzu Corporation
• North Star Imaging Inc. (Illinois Tool Works Inc.)
• Werth Inc.
• Rigaku Corporation
• VJ Technologies

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.

Hair Dryer Market 2023-2030 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Hair Dryer Market Growth & Trends

The global hair dryer market size was valued at USD 13.64 billion in 2030, expanding at a CAGR of 6.0% from 2023 to 2030, according to a report by Grand View Research, Inc. The key dynamics driving the demand for hair dryers are growing standards of living and greater emphasis on personal appearance. Evolving fashion trends in hair care and styling and the rising hair styling trends featured in movies and on fashion runways are considerably impacting the sales of hair dryers globally, across all age groups. Hairdryers help style, curl, straighten, volumize, or flatten the hair using heat.

An increase in consumer spending on professional salons and hair styling tools is expected to open new avenues for market growth. Consumer expenditure on professional salons and hairstyling tools is driving the global hair dryer industry. With the growing popularity of social media, beauty trends have changed a lot, which has led to a surge in demand for hair dryers. According to the Philips Global Beauty Index 2019, nearly 76% of women used a hair dryer regularly. Such trends will lead to the high adoption of hair dryers by consumers.

The global economy deteriorated rapidly in the first quarter due to the impact of lockdowns and other restrictions in various countries to counter the COVID-19 pandemic. However, economic activities around the world began to pick up in the second quarter of 2020. By the end of the third quarter and later, new waves of COVID-19 infections led to another round of restrictions and extensions of existing restrictions in various countries. Bottlenecks for semiconductors and other economic issues occurred toward the end of the fiscal year.

The corded product segment held the largest market share more than 83.0% in 2022 and is expected to witness progressive growth in demand during the forecasted period. Generally, corded hair dryers are preferred for use in households and professional services, where portability is not required. They are also more powerful than cordless hair dryers and can dry the hair quicker. They have better airflow and heat settings, hence they are preferred by consumers.

The professional segment is expected to register the highest CAGR of 6.2% during the forecast period. With the rise in disposable incomes and increased beauty standards of the modern world, the trend of visiting hair salons to style hair has been growing in recent years and hair salons are witnessing a higher footfall. This has fueled the demand for professional hair dryers.

The offline segment dominated and held the largest revenue share of over 72.05% in 2022. Offline is the most widely used channel for purchasing hair dryers. Offline stores provide consumers with the option of testing the operations of the product before making a purchase decision.

North America accounted for the largest revenue share of over 34.0% in 2022, particularly owing to the presence of a large consumer base with high awareness about personal grooming and self-care. Furthermore, as consumers in North America have a higher disposable income compared to the rest of the world, especially those in the U.S. and Canada, the tendency of purchasing high-end hair dryers is greater in the region.

The major players account for a considerable market share and have a strong presence across the globe. The hair dryer industry also comprises small and medium sized local players who offer a selected range of products at much cheaper rates and mainly serve regional customers. Global brands face tough competition from these players since smaller players have a better grasp and reach in regional or country markets.

Request a free sample copy or view report summary: Hair Dryer Market Report

Hair Dryer Market Report Highlights

• The corded product segment accounted for the leading market share of more than 83.0% in 2022 and is expected to witness significant growth in the near future. Generally, corded hair dryers are preferred for use in households and professional services, where portability is not required
• The professional segment is expected to register the highest CAGR of 6.2% during the forecast period. With the rise in disposable incomes and increased beauty standards of the modern world, the trend of visiting hair salons to style hair has been growing in recent years and hair salons are witnessing a higher footfall
• The offline segment dominated the market and held a revenue share of over 72.05% in 2022. The offline channel is the most widely used channel for purchasing a hair dryer. Offline stores provide consumers with the option of testing the operations of a product before making a purchase decision
• North America accounted for the largest revenue share of over 34.0% in 2022, particularly owing to the presence of a large consumer base with high awareness about personal grooming and self-care

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

Hair Dryer Market Segmentation

Grand View Research has segmented the global hair dryer market based on product, application, distribution channel, and region:

Hair Dryer Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Cord
• Cordless

Hair Dryer Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Professional
• Individual

Hair Dryer Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Online
• Offline

Hair Dryer Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Hair Dryer Market

• Conair LLC
• Panasonic Holdings Corporation
• Koninklijke Philips N.V.
• Dyson Limited
• Tescom Co., Ltd. (Tescom Denki Co., Ltd)
• Spectrum Brands, Inc.
• Revlon Inc.
• Ghd Hair (Jemella Ltd)
• Harry Josh Pro Tools
• Braun GmbH (A brand of Procter & Gamble)

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.

Powered Wheelchair Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 Powered Wheelchair Market Growth & Trends

The global powered wheelchair market size is expected to reach USD 3.21 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The primary factors driving the market are the increasing disability rates, a growing aging population, technological advancements, and government initiatives and regulations. According to the Centers for Disease Control and Prevention (CDC), around 27%, 1 in every 4 adults in the United States have some type of disability out of which 12.1% of adults in the United States struggle significantly to walk or climb stairs due to mobility impairment. In the United States, there are an estimated 3.3 million wheelchair users, and this figure is rising annually. Due to the rise in the baby boomer group who has a high need for wheelchairs, the demand for wheelchairs is rising.

Moreover, the rising customization offered by several players is anticipated to boost the market. Wheelchairs are being designed with a greater focus on customization to meet individual needs and preferences. Manufacturers are offering options for adjustable seating, backrests, armrests, and other features, allowing users to have a personalized and comfortable experience.

The COVID-19 outbreak negatively impacted the market in the initial phase of 2020. Due to lockdowns and travel and manufacturing restrictions, the pandemic caused disruptions in the world's supply-chain networks. This has affected the production and distribution of wheelchairs and their components, leading to potential delays in manufacturing and delivery. However, the market recovered soon as there was demand was a surge in demand for healthcare equipment, including wheelchairs, in medical facilities. Hospitals and clinics required additional equipment to manage patients with mobility issues, which contributed to an increased demand for both manual and powered wheelchairs.

Request a free sample copy or view report summary: Powered Wheelchair Market Report

Powered Wheelchair Market Report Highlights

• The marketing the healthcare industry was estimated at USD 2.01 billion in 2023 and is expected to reach USD 3.21 billion in 2030
• The market for powered wheelchairs is expected to expand at a compound annual growth rate of 6.9% from 2024 to 2030 to reach USD 3.21 billion by 2030
• North America dominated the global market in 2023 and accounted for the largest revenue share of 47.8%. This growth is owing to the high target population and increased adoption of advanced wheelchairs
• By category, the adult segment dominated the electric wheelchair industry in terms of revenue share of 86.3% in 2023. Adults comprise individuals from the age group of 18 onwards. Disability in older people due to arthritis pain, or stiffness in a knee, hip, ankle, or foot increases the demand for wheelchairs

Powered Wheelchair Market Segmentation

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

Grand View Research has segmented the global powered wheelchair market based on age category, product, portability, end-use, and region:

Powered Wheelchair Age Category Outlook (Revenue, USD Million, 2018 - 2030)

• Adult
• Pediatric

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

• Front-wheel Drive
• Mid-wheel Drive
• Rear-wheel Drive
• Others

Powered Wheelchair Portability Outlook (Revenue, USD Million, 2018 - 2030)

• Standalone
• Portable

Powered Wheelchair End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Homecare
• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers

Powered Wheelchair Regional Outlook (Revenue in USD Billion 2018 - 2030)

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

List of Key Players in Powered Wheelchair Market

• Drive Medical Design & Manufacturing
• Invacare
• Sunrise Medical LLC
• Karman Healthcare
• Quantum Rehab
• Numotion
• Pride Mobility Products Corp.
• Ostrich Mobility
• MEYRA
• Jinmed

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.

Medical Devices Reimbursement Market to Reflect Impressive Expansion During 2023 to 2030: Grand View Research Inc.

 Medical Devices Reimbursement Market Growth & Trends

The global medical devices reimbursement market size is expected to reach USD 1028.2 billion by 2030, expanding at a CAGR of 8.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Medical device reimbursement is defined as the payment a third-party private or public insurer pays a healthcare provider for the cost incurred while using medical equipment. The major factors fueling the industry growth are growing dependence on reimbursement, the increasing prevalence of chronic diseases, and growing preventive care. Focus on early diagnostics and preventive care may in turn lead to higher activity within the diagnostic device industry, thus promoting more reimbursement share from them.

For instance, a fundamental paradigm shift towards incentivizing early diagnosis through reimbursement has been noticed across developed economies, such as thorough screening for breast cancer. During the COVID-19 pandemic, surgeries such as robotic-assisted procedures were postponed. However, during the pandemic recovery period, these surgeries are expected to improve particularly in Asia pacific as the countries such as Japan and China are actively involved in providing reimbursement to robotic-assisted providers to improve the accuracy of surgeries. Such initiatives are likely to have a positive impact on market growth in the post-pandemic period. With an increasing demand for medical equipment, reimbursement services are expected to provide various opportunities for healthcare industries to poach upon. Additionally, the increasing number of people pursuing insurance and consolidation of the healthcare system are major factors fueling the industry growth.

North America dominated the market with a revenue share of over 50.2% in 2022 and is expected to maintain its dominance over the forecast period. The rising demand for healthcare equipment and the increasing number of healthcare centers are expected to drive the industry in this region. The growing prevalence of chronic diseases is driving the demand for various healthcare instruments. This is further expected to support the growth of the regional market. Over the years, the Centers for Medicare & Medicaid Services have reduced the reimbursement for diagnostic radiology in the U.S. For instance, in January 2022, a study published in Science Direct stated that, between 2011 - 2021, there was a steady decline in the reimbursement for diagnostic imaging studies. A continuation of this trend by the government agencies is expected to have a negative impact on the regional market growth in the post-pandemic period.

Request a free sample copy or view the report summary: Medical Devices Reimbursement Market Report

Medical Devices Reimbursement Market Report Highlights

• The private payer segment dominated the market with a revenue share of over 65.0% in 2022 due to the presence of a large number of private players
• By healthcare setting, the hospitals segment held the largest revenue share of over 51.8% in 2022 due to recent technological developments and high patient footfall requiring the use of healthcare instruments
• Asia Pacific is projected to witness rapid growth during the forecast period owing to the rising penetration of insurance services in rural and urban areas

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-devices-reimbursement-market

Medical Devices Reimbursement Market Segmentation

Grand View Research has segmented the global medical devices reimbursement market by payer, healthcare setting, and region:

Medical Devices Reimbursement Payer Outlook (Revenue, USD Million; 2018 - 2030)

• Public
• Private

Medical Devices Reimbursement Healthcare Setting Outlook (Revenue, USD Million; 2018 - 2030)

• Hospitals
• Outpatient Facilities
• Others

Medical Devices Reimbursement Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Norway
  • Denmark
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Kuwait

List of Key Players in Medical Devices Reimbursement Market

• Aviva
• Nippon Life Insurance
• CVS Health
• WellCare Health Plans, Inc.
• BNP Paribas
• Allianz
• Humana Inc.
• Cigna
• UnitedHealth Group
• Anthem Insurance Companies, Inc.

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.

Global Biostimulants Market Outlook & Future Forecast Report Till 2030

 Biostimulants Market Growth & Trends

The global biostimulants market size is expected to reach USD 4.6 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2023 to 2030. This is attributable to surging consumption of the product in several end-use applications such as foliar, seed, and soil treatment. Foliar treatment held the largest market share in the global market on account of its vast adoption across the agricultural sector. The treatment is highly performance efficient on account of the direct application of the product onto the leaves of the plant. The application procedure is highly labor-intensive but also leads to the minimal wastage of biostimulant. Its extensive benefits over other application techniques have resulted in augmented demand for the product.

Synthetic fertilizer is presently used in large amounts in most regions for soil amendment. However, the growing focus on providing environmental sustainability, improving the soil, and crop yield as well as enhancing the overall productivity has caused a shift toward biobased solutions such as biostimulants. This is expected to have a positive impact on the market in the near future.

The organic food sector has witnessed significant growth over the past few years owing to the rising health concerns among consumers. Organic food contains all the necessary nutrients and does not contain unnecessary toxins that are harmful to human health.

The growing demand for organic food has contributed to the adoption of bio-based products by food & beverage producers in the U.S. According to the U.S. Department of Agriculture, organic food sales account for around 4% of the total U.S. food sales. According to The Food and Agriculture Organization of the United Nations, organic farming is practiced in around 187 countries and as of 2021, 72.3 million hectares of agricultural land was managed organically by around 3.1 million farmers.

Request a free sample copy or view report summary: Biostimulants Market Report

Biostimulants Market Report Highlights

• The seaweed extract biostimulants segment has a strong hold in the market with a highest growth rate of 8.1% over the forecast period. This growth is attributable to the presence of plant growth chemicals such as auxins, cytokinins, gibberellins carbohydrates, and various other nutritive metal elements such as aluminum, potassium, iron, nitrogen, and potassium
• The row crops and cereals segment is growing significantly with a CAGR of 7.1% as they are highly lucrative, and are grown widely across the globe and include millets, corn, and barley
• The seed treatment application segment is estimated to grow at highest rate of 8.6% in terms of revenue over the forecast period owing to its cost effectiveness as compared to other types of conventional techniques
• Asia Pacific region is expected to witness the fastest growth rate of 9.6% in terms of revenue, from 2023 to 2030. This is attributable due to favorable government policies in agricultural sector to promote the use of biobased products and attract investments in the industry have created a wide scope for the growth of product demand in the region
• The global market is fragmented in nature and consists of many small and medium-sized market players coupled with a few big players. The players face stiff competition from local players operating in developing regional markets. Europe is a major market for biostimulants industry

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

Biostimulants Market Segmentation

Grand View Research has segmented the global biostimulants market on the basis of active ingredients, crop type, application, and region:

Biostimulants Active Ingredient Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

• Acid Based
• Seaweed Extract
• Microbial
• Others

Biostimulants Crop Type Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

• Row Crops & Cereals
• Fruits & vegetables
• Turf & Ornamentals
• Others

Biostimulants Application Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

• Foliar Treatment
• Soil Treatment
• Seed Treatment

Biostimulants Regional Outlook (Volume, Million Hectare; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Biostimulants Market

• Isagro Group
• BASF SE
• Biolchim S.P.A.
• Sapec Agro S.A.
• Platform Specialty Products Corporation
• Novozymes A/S
• Valagro SpA
• Italpollina SAP
• Koppert B.V.
• Biostadt India 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.

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.

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

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.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-military-commercial-parachutes-market

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.

Request a free sample copy or view report summary: Sailboat Market Report

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

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

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.

Request a free sample copy or view report summary: Fire-resistant Glass Market Report

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-fire-resistant-glass-market

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.

Request a free sample copy or view report summary: Window Coverings Market Report

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

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

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.

Request a free sample copy or view the report summary: North America Wheelchair Market Report

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

Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-wheelchair-market-analysis

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.