Pressure Sensitive Adhesives Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Pressure Sensitive Adhesives Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Pressure Sensitive Adhesives Market was valued at USD 8.81 billion in 2015. The market is driven by the increasing consumption of the product in construction, consumer goods, automotive, and packaging industries. The rising requirements for reducing weight in products providing high bonding solutions is expected to drive market growth.

The increasing use of low-cost engineering and lightweight plastics in numerous end-use applications such as electronics, construction, and automotive is expected to have a positive impact on the PSA market demand. The low plastic materials are evolving as substitutes for wood assembly, construction material, glass, and heavy materials.

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The largest product segment was labels at CAGR of over 5% owing to the rising demand for retail labeling and RFID labels. The key driving factor for the growth in this segment is a wide range of applications in security, health & beauty, food & beverage, and transportation industry.

RFID labels contributed to one of the largest application segment owing to their ability to track security and inventory locations including sea ports, shopping malls, and companies. Graphics application accounts for a small market share as opposed to tapes and labels is a potential future market owing to a wide range of applications in cushioning and home décor.

Tapes dominate the market with wide application scope in construction & building, medical, electrical, and automotive industries. They are used in mounting, HVAC & pipe wrapping, splicing, casketing, sealing, and masking.

End-use Insights

The dominant end-use segment was packaging accounting for over 25% of the market volume in 2015, owing to the high use of the product in food packaging industry. The advent of packaging technology coupled with increased requirement of PSAs flexible materials on account of its attributes including good adhesion at low temperature is anticipated to fuel market demand.

The extensive use of the product in electronics & electrical industries is on account of its performance specifications including easy application, strong bond strength, easy application, and transparency coupled with decreased processing time. The electronic appliances including refrigerators and microwaves together with membrane switches are likely to have a positive impact on PSA market growth.

Asia Pacific contributed to over 45% of the market volume in 2015. The easy availability o funds via personal loans and EMI coupled with increasing disposable income is expected to drive market growth in the region. The demand for the product is primarily from the electronic & electrical and automotive industries.

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Market Segment:

Pressure Sensitive Adhesives Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

       • Water-Based

       • Solvent-Based

       • Hot-Melt

       • Radiation

Pressure Sensitive Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

       • Tapes

       • Labels

       • Graphic Films

       • Specialty

       • Others

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Pharmaceutical Grade Silica Gel Market Profile | Emerging Trend, Sales & Price | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Pharmaceutical Grade Silica Gel Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Pharmaceutical Grade Silica Gel Market was valued at USD 40.8 million in the year 2015 and is anticipated to experience a substantial growth over the analysis period. The market will be driven by the increasing demand from major application industries such as drug carrier, desiccants, and adsorbent.

The desiccants are used to preserve and adsorb the water vapors in the formulation of a drug. The existence of excess moisture may harm the efficiency of the drug. Major pharmaceutical firms are adopting the on-going industry trends and are attaining economies of scale through utilization of cost reduction methods. The global market for desiccants is expected to be driven by the growth of biotech companies.

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The superior absorption ability at relatively high humidity has been a key factor for its usage in desiccants sachets. The constantly climbing sodium silicate prices owing to the rising energy and transportation costs are anticipated to adversely affect the specialty silica market, which will eventually impact the pharmaceutical grade silica gel market.

Application Insights

The industry is segmented into adsorbent, the drug carrier, glidant, desiccant and other excipients. The application segment of drug carrier is additionally divided into liquid drugs and scarcely soluble drugs. The silica gel protects antibiotic formulations from moisture and improves the storage stability and shelf life. The growth of the pharmaceutical sector is expected to remain a significant contributing factor over the forecast period.

The product is widely used in the application segment of desiccants on account of its ability to exhibit a comparatively lower vapor pressure than the ambient pressure. The desiccant substance is a hygroscopic element that withstands the state of dryness in the formulation of the drug. The performance varies with relative & absolute humidity and temperature, and its usage is defined after examining the condition in which it is being used.

Regional Insights

In terms of the global volume share, Asia Pacific held 45.10%, followed by North America. Asia Pacific is also expected to witness the fastest growth on account of its increasing demand from the pharma industry for the purpose of protective packaging in the form of packets/bags, canisters and desiccants. In addition, abundant availability of sulfuric acid in the region is anticipated to boost the product demand in the near future.

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Market Segment:

Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)

       • Desiccant

              • Scarcely soluble drugs

              • Liquid drugs

       • Drug carrier

       • Adsorbent

       • Glidant

       • Other excipients

Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)

       • North America

              • U.S.

       • Europe

       • Asia Pacific

              • China

              • India

              • Japan

       • Central & South America

       • Middle East & Africa

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Oriented Strand Board (OSB) Market Insights | Opportunities & Future Scope | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Oriented Strand Board (OSB) Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Oriented Strand Board (OSB) Market size was estimated over USD 8.0 million in 2014. The growing substitution of plywood by OSB in applications such as residential construction and commercial sector is expected to have a positive impact on market demand. The high strength to weight ratio and easy installation advantages provided by oriented strand board are driving market growth of these products.

This product is consumed for both non-structural and structural applications such as shelving, pallet manufacture, frames, furniture, industrial tabletops, dry storage pallets, packaging and crafting. Technological advancements in countries such as Brazil, Russia, China, and India for the development of new products is anticipated to create new growth avenues over the forecast period.

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In 2014, construction segment accounted over USD 4.0 million. Increasing consumption of structural insulated panels, industrial containers, single-layer flooring, subflooring, webs for wood I-joists, wall and roof sheathing, mezzanine deck, and sheathing ceiling is expected to drive product demand over the forecast period.

In terms of revenue, packaging is projected to grow at a CAGR of 29.0% over the forecast period. The high level of strength exhibited by these products coupled with low prices is boosting demand in this application segment. Growing packaging industry in countries such as UK, Hong Kong, India, Canada, Thailand, Taiwan, U.S., Singapore, China, and Australia is likely to fuel the market growth over the forecast period.

Regional Insights

In terms of volume, North America was the largest global market and accounted for over 55.0% in market share owing to raw material availability and strong environmental regulations. The growing export from Canada is expected to drive market growth over the forecast period.

Asia Pacific witnessed rapid growth in construction and packaged foods industry. The rising disposable income coupled with urbanization in emerging economies is expected to have a positive impact on market demand for oriented strand board.

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Market Segment:

Oriented Strand Board (OSB) Application Outlook (Volume, Million square Meters, Revenue, USD Thousand, 2012 - 2022)

       • Construction

       • Packaging

       • Others

Oriented Strand Board (OSB) Regional Outlook (Volume, Million square Meters, Revenue, USD Thousand, 2012 - 2022)

       • North America

              • U.S

       • Europe

              • Germany

              • U.K

       • Asia Pacific

              • China

              • India

       • Latin America

              • Brazil

       • MEA

              • Saudi Arabia

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Agriculture Drones Market Insights | Global Trends, Competitive Scenario | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Agriculture Drones Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Agriculture Drones Market is use of drones in farming that helps farmers to monitor crop growth and increase crop production. In 2015, the agriculture drone market was valued at USD 193.4 million globally. Agriculture drones are used for collecting high-quality data and its data processing tools are less expensive and easy to use. The use of advance technologies and its increasing awareness among farmers will propel the growth of market.

The advantages such as efficient water usage, fertilizers and land, better productivity will drive the market of Agriculture drones. The various capabilities such as imaging capabilities, sensors, and better materials will lift the market.

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The market share of Hybrid drones is expected to be highest by 2022. The drones takes snapshot of different sectors of field that provides crucial and important data regarding crop, soil and yields in order to assist in crop management. Agriculture drones are emerging as a lucrative sector due to its small size, low cost and easy use.

The UAV-based start-ups are booming due to its application in wide areas. The start-ups are focusing on providing hardware and software and services that will cover about 80% of market. The Universities, technical institute and different organizations are organizing various programs to provide guidance for operating UAV’s, which is expected to propel market. Government regulation and lack of trained pilot in some regions may act as barrier to market growth.

The capability of hybrid UAV’s such as covering long distance will help them to grow with a CAGR of 40% from 2016 to 2024. Compared to manned aircraft, the UAV’s are capable to monitor field areas with ease which will have positive impact on market growth.

Asia Pacific agriculture drone industry will have a compelling growth among different regions over the forecast period. The emerging economies in these regions are constantly investing in R&D to make efficient and advanced drones. Different companies are developing economical and efficient UAV’s that has vast applications in farming sector.

The North American region will dominate the agriculture drone industry. The emerging need to increase productivity and trends of implementing UAV’s is anticipated to influence market growth. The need of precision farming has led farmers to use UAV’s in farming.

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Market Segment:

Product Outlook (Transaction Revenue, USD Billion, 2014 - 2024)

    • Fixed wing

    • Rotary blade

    • Hybrid

Application Outlook (Transaction Revenue, USD Billion, 2014 - 2024)

    • Field mapping

    • Variable rate application

    • Crop scouting

    • Others

Regional Outlook (Transaction Revenue, USD Billion, 2014 - 2024)

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • MEA           

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Bring Your Own Device (BYOD) Market Profile | Emerging Trend, Sales & Price | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Bring Your Own Device (BYOD) Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Bring Your Own Device (BYOD) Market was valued at USD 75.99 billion in 2013. It is anticipated to foresee significant growth throughout the forecast period. Surging use of Smartphone and rise in the various services including 3G and 4G LTE are anticipated to boost the growth of the market in developed as well as developing countries. Since employees are used to their personal devices, they can execute task efficiently leading to the increased productivity.

One of the major challenges for enterprises while adopting this model is overcoming security concerns which are presented by BYOD implementations. Probable risks to security are unauthenticated access to private information, challenges in tracking data and measuring the risk exposure of data, theft of devices and the employees escaping the organization with these devices.

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BYOD programs are carry-out through tablets, laptops, and Smartphone. Smartphone’s dominated the market in 2013 and has a revenue share of over 55% that can be associated with the fact that mobile developers have come up with various applications which have several computer-built programmers which includes Microsoft Excel, Microsoft PowerPoint and Microsoft Word which are of immense importance to employees for the both the personal and professional work.

Tablets are offering features of both the Smartphones and laptops which is becoming popular and are anticipated to cause transformation in the adoption of BYOD.

Enterprises of all size which includes small businesses to mid-to-large sized businesses have begun to adopt BYOD programs as reducing both the capital and operating expenditure. Employees bring their personal devices at work which eliminates the cost of device or hardware. In addition, a large number of employees also bears the data costs that is incurred on their devices which help to reduce the overall cost of the organization.

Mid-to-large sized businesses held the share of 75% in 2013; this can be associated with the availability of a large number of resources as well as advanced communication networks along with provisions for security. Small businesses are also gaining a noble step and are anticipated to grow at a CAGR greater than the global average.

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Market Segment:

BYOD Device Outlook (Revenue, USD Billion, 2012 - 2020)

    • Smartphones

    • Tablets

    • Laptops

BYOD End-Use Outlook (Revenue, USD Billion, 2012 - 2020)

    • Mid-to-Large Sized Businesses

    • Small Businesses

BYOD Regional Outlook (Revenue, USD Billion, 2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • RoW

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Automotive Vehicle-to-Everything (V2X) Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Automotive Vehicle-to-Everything (V2X) Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Automotive Vehicle-to-Everything (V2X) Market was USD 2.83 billion and it is expected to grow considering the feature like automobile safety and superior traffic management. The industry is moving towards sustainable growth. Vehicular communication system incorporates more specific type of communication such as V2I, V2V, V2P, V2D, and V2G. The convenience aspect of vehicles has increased due to safety features and communication technology. The consumer demands for safety has increased and it act as driver for this industry’s market growth.

Technological advancement has lead to driverless and automatic cars which is still under research stage and its commercialization is expected soon. Driverless transportability can be achieved with the help of V2X communication technologies. V2X is all about communicating with automobiles which will have potential threat like hacking and manipulation. Security feature thus become a important factor for growth of this market. This technology is based on WLAN and it works between vehicles within each other’s range. Key aspect for implementing these technologies will be a definite framework for its integration.

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Passenger car in this segment is predicted to dominate market as it did in 2015. Despite this the demand for commercial vehicle is high than passenger car. Boom in construction sector have increased commercial vehicle sale by approx. 6% from 2015 to 2016. Asia pacific has emerged a hub for automotive production.

The need for safety in Commercial vehicle is high due to more travel time that will drive the automotive V2X market. The growth rate will be 30% in this segment over the forecasted period.

Regional Insights

It is estimated that North America will have largest market share in automotive V2X market. Canada and U.S. in this region will adopt technology with ease due to its infrastructure and technological advancement. This region has approx. 26% of population of world running on road. High rate of greenhouse emission and traffic congestion are serious issues in this region. The implementation of V2X system will act as solution to these problems acting as important driver for growth of this market.

The automotive industry in Europe is governed by rigorous safety and emission norms. Features such as cruise control, blind spot detection and lane assist uses V2V communication and will enable growth of automotive V2X market in future.

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Market Segment:

Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014 - 2025)

    • Vehicle-To-Vehicle (V2V)

    • Vehicle-To-Infrastructure (V2I)

    • Vehicle-To-Pedestrian (V2P)

    • Vehicle-To-Home (V2H)

    • Vehicle-To-Grid (V2G)

    • Vehicle-To-Network (V2N)

Automotive V2X Connectivity Type outlook (Revenue, USD Million; 2014 - 2025)

    • DSRC

    • Cellular Connectivity & Others

Automotive V2X Vehicle Type outlook (Revenue, USD Million; 2014 - 2025)

    • Passenger Cars

    • Commercial vehicles

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Automotive Sensor Market Share, Size, Growth and Dynamics | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Automotive Sensor Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Automotive Sensor Market was anticipated at USD 18.68 billion in 2014. Approving initiatives of government for the security and safety of passenger are expected to propel the growth in the revenue. Automotive sensors help in the detection of parameters which include speed and heat and take preventive measure when in danger, thus it becomes an important part of automobiles. Owing to technological improvement vehicles are provided with various sensing devices which give information on numerous parameters thus confirming security, safety, and comfort.

Due to the increasing demand of consumers for comfort and fuel-efficiency as well as agreeable regulations of government on safety along with emission standards, there has been an increase in the number of devices used per vehicle.

The switch for self-driving cars could notably drive the market of automotive sensors as some devices are required to process intelligent data for making autonomous decisions. For instance, Google’s self-driving cars make use of quad-core PCs which process 1.3M laser measurements thus comes to the 20 driving decisions every second.

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The application segment comprises of safety and security, emission control and engine and drivetrain. Safety and security accounted for over 24% of overall revenue in 2014 and is anticipated to grow at a CAGR of 10.4% from 2015 to 2022. Sensing devices for security and safety applications evaluate tire inflation of occupant position along with the speed of the wheel.

For example, Jaguar F-type makes use of these sensors to monitor blind spot and closed vehicle sensing devised to make the driver alert regarding the existence of another vehicle in an near lane through a visual indicator that gives warning in the door’s mirror.

These applications are important for the growth of industry due to the rising adoption of features which includes anti-lock brake, rollover detection, electronic stability control and TPMS. Engine and drivetrain segment lead the global revenue share of USD 6.66 billion in 2014.

Due to the existence of major automobile manufacturers in the Asia Pacific region, particularly India and China, the automotive sensor market of Asia-Pacific was the largest regional segment and is anticipated to grow at a CAGR of 9.9% from 2015 to 2022.

It is followed by Europe which accounted for over 22% of the revenue share in 2014. North America also had a substantial share of revenue and is anticipated to grow at a CAGR of 8.6% from 2015 to 2022. The growth is owing to the pleasant legal situations particularly in U.S.

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Market Segment:

Automotive Sensor Product Outlook (Revenue, USD Million, 2012 - 2022)

    • Physical Property

    • Process Variable

    • Proximity & Positioning

    • Chemical Property

    • Others

Automotive Sensor Application Outlook (Revenue, USD Million, 2012 - 2022)

    • Engine & Drivetrain

    • Safety & Security

    • Emission Control

    • Others

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Automotive Air Filter Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Automotive Air Filter Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Automotive Air Filter Market is projected to reach USD 8.62 billion by 2024. Since 1980s the automotive sector of North America is integrated and accounts for 40% of trade in the region. After 2008 - the recession period the automotive industry has grown significantly owing to linearization of trade and investments. The increasing concern of the green house gases emission which has given rise to many climatic changes, environmental and heath related problems has fetched the government of North America to respond and impose stringent environment regulations on original equipment manufacturers for emissions control and fuel economy.

Considering the cabin air filter market, North America is not far behind Europe. Consumers in American market are health cautious which allows other companies also to grow their business. As the number of vehicles in the region increases the duration for filter replacement decreases which proves to be advantageous for market players to cling on to the opportunity.

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Fibrous materials constitute major part of an air filter which is used to remove solid particles like dust, bacteria, pollen from the air that is fed to the engine. A filter which consists of a catalyst or absorbent is chemical filter which removes organic contaminants. A filter consisting of a catalyst or absorbent is used for removing ozone or volatile contaminants. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and in vehicle engines. The cabin automotive air filter is a paper-pleaded filter, which is located in the air intake from outside for the passenger compartment of the vehicle. Some of the automotive air filters are rectangular or similar in shape as that of the combustion air filter, others have a unique shape to fit the available space of outside-air intakes. The very first automaker to provide a disposable air filter in order to clean the ventilation system was Nash Motors. The combustion automotive air filter restricts particulate matter to enter into the engine’s cylinders, where it can cause oil contamination and mechanical wear. Nowadays, fuel injected vehicles are using a paper pleated filter element that is in a flat panel form. These filters are placed in a plastic box connected with a throttle body. Older vehicles using throttle body or carburettors fuel injection system use a cylinder air filter, which are a few inches and are between 6 to 16 inches.

The North American automotive air filter market is expected to reach USD 1.6 billion by 2024. High penetration of automotive sales as well as presence of many OEMs in the region has resulted in higher penetration of air filters. Large number of vehicles plying on road combined with consumer awareness pertaining to the periodic maintenance will probably trigger the market growth over the forecast period.The automotive air filter market is expected to grow at CAGR of 7.8 % during 2013-2018. The expected revenue to be generated is $157.15 billion by 2018.

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Market Segment:

Application Outlook (USD Million, 2014 - 2024)

    • Passenger car

    • Light and heavy commercial vehicle

    • Two wheelers

Product Outlook (USD Million, 2014 - 2024)

    • Intake

    • Cabin

End-use Outlook (USD Million, 2014 - 2024)

    • OEM

    • Aftermarket

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Aerial Imaging Market Profile | Revenue, Gross Margin & Share | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Aerial Imaging Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India: Oct. 28, 2019 - Aerial Imaging Market is expected to reach USD 2.24 billion by 2020. Aerial Imaging is the technology of taking the images of ground from elevated position. The technology offers effective solutions for different purposes which include volume calculation map renovations, planning, route design and others. Aerial Imaging is employed for many purposes such as disaster management, geospatial technology, research & conservation and also construction and development.

Increasing technological developments in aerial platforms along with camera systems is anticipated to drive the growth of the market over the forecast period. In addition, rising awareness for benefits of this technology is also expected to favor market demand. Developing location-based services is anticipated to stimulate the growth of aerial imaging market over the forecast period.

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The aerial imaging market has applications in insurance, commercial, civil engineering, military defense, government, agricultural and forestry and others. The government sector dominated the worldwide aerial imaging market in 2015 and is anticipated to be the major end-use segment throughout the forecast period. Government sector employs this technology for different purposes such as homeland security, monitoring environmental studies, energy management and urban planning and much more. Moreover, agriculture and forestry along with commercial applications are also predicted to develop at a significant rate over the forecast period.

This technology has applications in the agriculture sector which include soil sampling, examination, and scheduling of pesticides and fertilizers, etc. Further, commercial sector uses this technology for advertising and evaluating the construction progress. In addition, increasing usage of aerial imaging in construction and management of the natural resource is anticipated to favor the growth of the market over the forecast period. Energy applications uses comprise of logistic activities and drilling. Land use calculations and road planning along with proving reference for ground screw are some of the applications in civil engineering.

Regional Insights

Due to the development of PAMS and UAVs, North America is anticipated to be the major regional market over the next six years. The North America dominated the aerial imaging market with USD 575.9 billion in revenues. The European market stood second and is also expected to grow significantly over the forecast period. Increasing number of organizations in Europe engaged in collection aerial photography and rising use of aerial imaging to monitor the aquatic vegetation are fueling this market.

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Market Segment:

Aerial Imaging Application Outlook (Revenue, USD Million, 2012 - 2020)

    • Government

    • Commercial

    • Civil Engineering

    • Military & Defense

    • Forestry & Agriculture

    • Energy

    • Insurance

Aerial Imaging Regional Outlook (Revenue, USD Million, 2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • RoW

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Stevia Market Insights | Current Trends & Growth Prediction | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Stevia Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

Pune, India - Stevia Market size is likely to reach USD 553.7 million by 2024 and is anticipated to grow at a CAGR of 6.1% during the forecast period. Rising popularity of stevia owing to its superior sweetening properties, and its ability to restrict any contrary effects on the fitness of the consumers is thrusting the industry growth over the next nine years. The food sector is expected to remain one of the most vital segments of this market owing to the increasing demand for low-calorie substitute products. The increase in consumer awareness concerning consumption of healthy nourishment will ultimately lead to the rise in the penetration of stevia in confectionary and bakery products.

Promotion to use stevia in different forms such as powered and dried drives the positive perception of the food and beverage sector in countries such as Vietnam, Singapore, China, South Korea and Japan on account of growing acceptance of stevia-based compounds and new product launches. In addition, the rise in the awareness of consumers towards fitness routine has also caused various carbonated drink producers which consist of The Coca-Cola Company to announce the stevia based product in their product line of soft drinks, which also helped them to widen their consumer base.

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In terms of total volume, the beverage was the primary application industry accounting for over 34.8% in 2015. Increasing demand for juices, carbonated drinks, and low-calorie beverages is anticipated to cause the expansion of stevia market over the next nine years.

A significant share of 22.2% global volume for tabletop sweeteners was projected as the third major industry. Artificial sugar is expected to be replaced by stevia-based sweeteners in this sector over the forecast period to cater consumers with diseases such as diabetes.

Another important segment of the market is pharmaceutical industry. Superior medicinal abilities such as its capacity to control obesity and blood pressure along with healing of injuries and wounds are presumed to open new growth opportunities soon.

Regional Insights

In terms of global volume share, Asia Pacific was the major market which accounted for 35.3%. Stevia-based sweeteners has been a substantial part of the diet regime of consumers for a significant period which resulted in the broad acceptance in these countries such as South Korea, China, and Japan. Developing nations such as Malaysia, India, Indonesia, and Thailand are predicted to be the important markets for stevia on account of the growing food and beverage industry.

North America and Europe are anticipated to experience a substantial growth at CAGR of 4.5% and 4.3% respectively, over the forecast period. Latest approvals by the FDA regarding the product will have a positive impact on the total market and thus improve the penetration of stevia-based products.

Competitive Insights

With extensive coverage areas and large manufacturing capacities, the market is dominated by a limited number of players. On account of a firm foothold in application sector together with essential infrastructure for research and development, Evolva Holding S.A, GLG Life Tech Corp., Tate & Lyle Plc., Pure Circle Ltd. and Cargill Inc., are projected to lead the market.

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Market Segment:

Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

    • Beverage

    • Food

    • Pharmaceuticals

    • Tabletop sweeteners

    • Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S.

    • Europe

        • Germany

    • Asia Pacific

        • China

        • Japan

        • South Korea

    • Latin America

        • Brazil

    • Middle East & Africa (MEA)

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria,

Model Colony, Shivaji Nagar, Pune, MH, 411016 India

tel: 91-20-65300184

Email: sales@millioninsights.com

Visit Our Blog: www.millioninsights.blogspot.com