Feed Additives Industry Landscape

Feed Additives are defined as the products which are used widely in animal nutrition. They have a wide variety of functions such as providing enhanced digestibility, providing produce and feed better and higher quality and improving the overall health of the animals. Feed additives are of 4 basic types, sensory additives, nutritional additives, zootechnical additives, and coccidiostats and histomonostats.

Sensory additives are which help in increasing and stimulating the appetite of the animals, nutritional additives are additives which provide those nutrients to the animals, which it has a deficiency of, zootechnical additives improve the nutritional content of the feed being provided to the animal and coccidiostats and histomonostats are types of antibiotics which are added which have the purpose to kill any bacteria or protozoa in the feed. Feed additives due to their many benefits are available for different animal species such as poultry, swine, ruminants, and aquaculture.

Current Scenario in Feed Additives Space:

1) Usage of feed additives to increase in emerging economies

In recent years, the demand for good quality produce has majorly being realized from the emerging countries of MEA and the Asia Pacific. The demand for feed additives is stemming from the fact that these emerging countries are witnessing an increase in the demand for good quality meat products and also because there has been substantial growth in disposable income as well. A rapidly evolving economy is leading to greater purchasing power among the population which is leading to increasing meat consumption and production. Furthermore, with some key players involved in bringing improvements and natural ingredients in feed additives, the feed additives market is poised to grow at a good rate in the upcoming years.   

2) Varieties: the success mantra for animal feed 

There are many different forms and varieties of animal feed products available in the market which has gained traction among the livestock farmers. The growing awareness among the livestock owners of the nutritional content and substances used in animal feeds has majorly led those preferring products with various nutrients and organic compounds rather than artificial in their animal feed products, therefore, manufacturers are continually working towards adding value and variety to their product ranges. Concerning quality and functional ingredients, natural and compound feed additives options are the key priorities for the animal feed producers. Also, the type of nutrients and components available in the animal feed has emerged as one of the prime factors among the livestock before deciding a particular brand. Currently, Compound feed additives are popular in the feed additives market and key players like DSM are providing their compound based feed additives.

3) The rising popularity of different varieties of feed additives

Livestock owners these days prefer better and advanced quality additives for an animal feed so that the animals can get proper nutrition as well as good overall health. Livestock owners want the best available products to add in the feed so that the quality of feed and the produce can increase. This demand is facilitated by all the new product launches in the past few years and investments made in the market. In 2017 a company Cargill Inc. partnered with a European phytogenic company Delacon, which specializes in natural additives for animal feed. Recently, in July 2019 A Polish Company Vetphage Pharmaceuticals which is an arm of the Polish biotechnology company Proteon Pharmaceuticals Group has launched two liquid feeds for the poultry industry. 

This liquid feeds Bafasal and Bafasal+G are special feed additives with the presence of bacteriophages which helps prevent bacterial infections in poultry. Players like DSM have launched a product that contains a combination of three essential oils thymol, eugenol, and piperine which help in ensuring a proper release of bioactive along the gastrointestinal tract. Also, a company Indian Immunologicals Limited which is a subsidiary of the National Dairy Development Board has launched new feed additive Calsagar which is a much better supplement than others and it contains both vitamins and minerals. Owing to the increasing demand and changes in the industry there have been some changes by the players such as Biorigin a company that has produced a natural based feed additive ProWean which provides immunity, intestinal health and complete nutrition to weaning animals. New players like Layn Corp which have entered this market recently are selling antioxidant based feed additives. Thus, increasing the participation of big players along with the entrants of new players in the food additives segment in introducing better and organic feed additives is set to propel the feed additives market growth.

4) E-commerce: Increasing feed additive sales 

Booming e-commerce in both developed and developing countries is revolutionizing animal feed additive sales. The rising propensity of livestock owners towards buying feed additives products via online stores is encouraging new players to enter into the food additives segment. In June 2019 a company Anpario said that it will be entering the online market so that commercial farmers and livestock owners can buy the feed products more conveniently and easily.

Conclusion:-

Currently,  compound feed additives hold a significant share in the global feed additives market and are anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from emerging countries. With respect to feed additives market trends, it is anticipated that organic and natural feed additives will flourish in the upcoming years with demand being generated from developed regions. The growing need for proper nutrition which is linked to good quality produce will continue to play a central role in driving the feed additives industry and will attract a lot of new entrants via online distribution channels and new entrants who will bring new and better changes in the formulation of these additives. Thus, the market will remain competitive in the upcoming years and despite falling birth rate in developed regions, it is projected to show modest growth in the upcoming years. More information on global feed additives market on https://www.knowledge-sourcing.com/.

Sternal Closure Systems Market: Closure Devices Expected to Hold Significant Market Share

Introduction

Sternum closure systems are used to close the sternum that is the last step in heart surgery and surgeries of the thoracic cavity that necessitate sternal closure. The sternal closure systems market size is estimated to increase in the coming years due to increasing cardiovascular patients across the globe.  According to WHO, more people die annually from CVDs than from any other cause. An estimated 17.9 million people died from CVDs in 2016, representing 31% of all global deaths. Of these deaths, 85% are due to heart attack and stroke.

Drivers and restraints of Sternal Closure Systems Market

The increase in the patient population requiring cardiovascular surgeries and sternal closure surgeries is estimated to drive the market across the globe. As per WHO, cardiovascular diseases are the leading cause of death globally, with an estimated 17.9 million deaths in 2016, representing 31% of all global deaths. Technological advancements in sternotomy techniques will also boost the sternal closure systems market growth. Favorable reimbursement policies across the major markets will also be a major factor bolstering the growth of the sternal closure systems market. However, procedural risks associated with the sternal closure procedures coupled with a lack of skilled professionals to perform the sternal closure procedures will restrain the growth of the market during the given time frame.

Market Segmentation

         

Supply chain studies show that the sternal closure systems market is segmented by type, sternotomy, material, and geography. By type, the market is segmented into closure devices, bone cement. The market of closure devices is expected to have a significant market share on account of rising cases of cardiovascular surgeries across the globe. By sternotomy, the market is segmented into median sternotomy, hemisternotomy, and bilateral thoracosternotomy. The median sternotomy segment is expected to grow at a rapid pace owing to wide-scale usage of this procedure accessing the body cavity. The market is expected to grow at a rapid pace due to the increasing number of cardiovascular surgeries.  By material, the market is segmented into stainless steel, titanium, and polyether ether ketone (PEEK). The titanium segment is expected to grow at a rapid pace in the coming years.

Geographically, North America is expected to have a significant market share of the global sternal closure systems market share. The market share is projected owing to the huge number of patients suffering from cardiovascular diseases and the presence of skilled professionals in the region. North America market growth is driven by the presence of key players and wide-scale adoption of technologically advanced sternal closure.

The sternal closure systems market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Idear S.R.L, A&E Medical, and Dispomedica among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is the market segmentation of the sternal closure systems market?

      ·         What are the types of sternal closure systems?

Software as a Medical Device Market Projected to Grow at a CAGR of 85.41% During the Forecast Period of 2019-2025

Introduction

SaMD is software intended to be used for one or more medical purposes without being part of a hardware medical device. For instance, the software used to show images from an MRI on phone is SaMD but the software which enables MRI will not be considered as a SaMD. They have several applications in the medical sector such as diagnosis, disease prevention, treatment, and modernizing care. SaMD helps in faster discovery, management, and treatment of a wide range of medical problems. 

According to industry research, software as a service market is segmented by device type, deployment, application, and geography. By device type, the market is segmented into PCs/laptops, smartphones/tablets, and wearable devices. By deployment, the market is segmented into the cloud and on-premise. By application, the market is segmented into screening and diagnosis, monitoring and alerting, chronic condition and disease management, and digital therapeutics.

Drivers and restraints of Software as a Medical Device Market

The Software as a Medical Device market is projected to witness a staggering growth during the forecast period owing to the rapid product launches and rising adoption of IoT in healthcare. Furthermore, ease in regulations for the certification of the SaMD will further boost the software as a medical device market growth. However, concerns regarding the privacy of the health data of the user might restrain the market during the given forecast period. Additionally, rising investments by the companies for SaMD will provide ample opportunities for the market players to flourish and further increase the software as a medical device market size.

Market Segmentation

Geographically, North America is estimated to hold a significant share of global software as a medical device market share. The market share is projected on account of a number of companies getting FDA clearance on their software as a medical device. This coupled with the burgeoning investment in the healthcare industry by major countries like the U.S.A. and Canada is further propelling the SaMD market growth in the region.

The growing adoption of smartphones for various applications in the healthcare industry is expected to drive the smartphone segment of the device type segmentation. By deployment, cloud-based SaMDs are projected to hold a significant share in the SaMD market owing to their rising popularity and greater functionality and scope in comparison to on premise-based devices. By application, the diagnosis system is expected to have a significant market share in the coming years. 

According to competitive intelligence, the software as a medical device market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Arterys Inc., Qlarity Imaging LLC, Imagen Technologies, Apple, Inc., iSchemaView, inc.(RAPID), MaxQ AI, Ltd., Greenfinch, Fitbit, Inc., Pear Therapeutics, Inc., SAMSUNG among others.

Key Questions Answered in This Report:

What are the key regions having a significant market share?

What are the drivers and restraints of the market?

Who are the key market players in the market?

What is the market segmentation of the software as a medical device market?

What are the applications of the market?

 

Data Center Colocation Market – An Economical Means of Data Storage

As the data requirement keeps growing so is there increasing demand for efficient Information Technology (IT) infrastructure. Datacenter colocation plays a major role in providing much-needed benefit to companies willing to reduce their operating costs and remain competitive. Enterprises (small, medium and large) which are facing challenges related to burgeoning data and moving their services onto the cloud, colocation has become one of the preferred options. This has led to a movement towards leasing of colocation facilities which was traditionally dominated by owning data centers and having a dedicated team of IT professionals for maintaining and troubleshooting the issues. The competitive intelligence section deals with major players in the market, which are Equinix, Rackspace, Telehouse, Verizon, Soft Layer, Colt Technology Services, Zayo Group, Century Link, Coresite Realty Corporation, Internap, Net Data Centers, and Single Hop.

Market Drivers:

The demand for the data center colocation market is driven by the increasing concerns regarding the cost of running the data center along with the high cost of maintenance and the non-availability of strategic locations. The growth is also augmented by the increased safety and availability of high bandwidth. Furthermore, the opportunity to focus on revenue generation rather than on non-revenue generation activities also support market growth, thereby increasing the data center collocation market size. The market will continue to grow  worldwide on account of increased spending by the SMBs and government enterprises, regulations, cloud computing and up-gradation of existing infrastructure.

Market Segmentation:

The data center colocation market has been segmented based on colocation model, enterprise size, industry vertical, and geography. Retail and Wholesale colocation is the major colocation models offered by different colocation service providers. Retail Colocation accounts for the major market while wholesale colocation providers have started focusing on short-term deals to remain competitive.

By enterprise size, the market is segmented as small enterprises, medium enterprises, and large enterprises. The large enterprise end-users hold the highest data center collocation market share on account for the need for reduction of cost and expenses associated with data centers and the increased safety and high bandwidth which comes with it. The growth of the market is also supported due to the increasing data theft which makes the users opt for these collocation services so that they can focus on the key revenue-generating activities.

By industry vertical, the market is segmented as Banking and Financial Services, Manufacturing, Communication and Technology, Healthcare, Energy, Education, Government, Media, and Entertainment, and Others. The banking and financial services hold a significant share of the market due to the vast amount of transactions which are done per second and the safety which is required in the increasing data fraud and data theft cases.

By geography, the market is segmented as North America, South America, Europe, Middle East, and Africa, and Asia Pacific. The data center collocation market analysis shows that the North America region holds the largest share in the market with the United States being the major market.

Key questions answered in the report:

What has been the performance of Data Center Colocation Market and how it will perform in the future?

What are the key players in the target market study?

What are the various segments on which the market research is conducted?

What are the driving factors that are leading to the growth of the market?

What are the recent developments happening in the industry?

Global Holter ECG Monitoring Market: North Holds Significant Market Share

Introduction

A holter monitor is an ambulatory electrocardiogram which is operated by battery and helps in the measurement and records the heart’s activity. Patients susceptible to the cardiovascular are recommended holter ECG tests for continuous tracking of the heart activity. The patient wears the device for one or two days and the holter monitor record the heartbeat of the patient during the entire duration while the patient was performing different activities. The data collected is analyzed by the holter analysis systems and software, giving the doctor proper knowledge about the condition.

Drivers and restraints of Global Holter ECG Monitoring Market       

The aging population is more prone to cardiovascular diseases. The globally increasing aging population has increased the demand for holter ECG monitors. Global holter ECG monitoring market trend is expected to be positive on account of the shift in the trend from the effective treatment to preventive care. Additionally, growing digitalization will raise the demand for digital holter monitors by many healthcare professionals and will contribute towards fuelling the demand for holter monitor thereby increasing the global Holter ECG monitoring market size. However, the absence of skilled professionals to correctly analyze the data may act as a restraining factor for the market.

Market Segmentation

According to industry research conducted by Knowledge Sourcing Intelligence, the wired holter monitors segment of product type segmentation is expected to have a significant market share on account of widespread usage of wired holter monitors in hospitals. The market of holter analysis system and software segment is expected to grow at a rapid pace owing to growing technological advancements. By lead type, the 12 lead holter monitor segment is expected to have a significant market share due to its widespread usage from patients suffering from cardiovascular diseases to police officers and firefighters. By end-user, hospitals and clinics segment is expected to have a significant market share on account of large scale utilization of holter monitors in hospitals and clinics for the diagnosis of patients suffering from cardiovascular diseases.

Geographically, North America region is expected to have a significant market share of the global holter ECG monitoring market share. North America is a technologically advanced region that is propelling the growth of the market in the region. Consumer awareness about the technology and inclination towards preventive measure for cardiovascular diseases instead of treatment is also fueling the growth in the region. The market of Asia Pacific region is expected to witness rapid growth owing to increasing consumer awareness and increasing inclination towards preventive measures for cardiovascular diseases instead of treatment.

Competitive intelligence shows that global holter ECG monitoring market shows that the market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include SCHILLER AG, BPL Medical Technologies, Koninklijke Philips N.V. and Cardiac Science Corporation among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share of the market?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is market segmentation of the global holter ECG monitoring market?

      ·         Which product type is having significant market share?

North America Holds Significant Share of Surgical Simulation Market

Introduction

Surgical simulation is a method of simulating surgical procedures for training medical professionals. The market of surgical simulators is growing as it avoids the use of patients for practice and ensures that trainees have had a practice before treating humans. Simulation is becoming popular as it helps in improving the skills. According to supply chain studies of Knowledge Sourcing Intelligence, the market is segmented by application, end-user, and geography. By application, the market is segmented into laparoscopy surgical simulation, gynecology surgical simulation, endoscopic surgical simulators, cardiovascular surgical simulation, arthroscopic physiotherapy surgical simulation, neurological surgical simulators, and other surgical simulation. By end-user, the market is segmented into hospitals and research & academic institutions.

Drivers and restraints of Surgical Simulation Market

The rapidly growing healthcare industry in many regions across the globe is fuelling the adoption of advanced technologies by various healthcare organizations to provide better patient care. The market growth of surgical simulators is boosted due to the increasing adoption of surgical simulators to eliminate the risk of failure during surgeries. Increasing investments by the key players in R&D activities and technological advancements are increasing the capabilities and reliability of the simulators thereby propelling the surgical simulation market growth. However, factors such as technological problems, real-time response and computing strength, and high cost of the simulators may restrain the growth of the market.

Investment by key players for developing the new and technologically advanced product is expected to increase the surgical simulation market size. Increasing adoption of AR and VR technologies in the surgical simulators to improve the efficiency of the trainees is expected to fuel the growth of the market.

Market Segmentation

Among the end-users, the hospital segment is expected to have a significant share on account of comprehensive utilization of simulation models during medical surgeries, efforts to reduce errors, focus on patient safety adoption of cost-effective means of training medical students and surgeons. Research and academic students segment is expected to grow at a rapid pace owing to increasing demand for simulators to enhance the skills of the trainees.

North America is projected to account for the significant share in the global surgical simulation market share. The presence of key players in the regions has improved the accessibility of simulation products, rising aging population, and the untapped the vast potential of the region are the factors that have been instrumental for the growth of the surgical simulation market in North America. The market of Asia Pacific region is expected to witness growth in the forecast period owing to the shift of key players to the region and booming healthcare sector in the region.

Surgical simulation market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include CAE Inc., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden AB and 3B Scientific among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share of the market?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is the market segmentation of the surgical simulation market?

      ·         Who are the end-users of the market?

3D Printing Market Growing With The Growth of End Users Industry

Introduction

3D printing is a process of making three dimensional solid objects from a digital file using a 3D printer. According to Knowledge Sourcing Intelligence, a market research company 3D printing has been segmented by component, technology, and geography. Based on component the market has been segmented into hardware, software, services, and material. By technology, the market has been classified into vat photopolymerization, metal extrusion, material jetting, binder jetting, direct energy deposition, powder bed fusion, and sheet lamination. On the basis of end-user, the market is segmented as healthcare, automotive, aerospace and defense, construction, and others. Geographically, the global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions.

Drivers of 3D Printing Market

The market of 3D printing is driven by the growth of the end-user industries like consumer electronics, healthcare and automotive among others. Growing demand for advanced technologies that can streamline the development process and also help in increasing the profit margin to reduce the operational cost is boosting the 3D printing market growth. Increasing investments in research and development for technological advancements and product launches are increasing the 3D printing market size.

Market Segmentation    

                                                      

Geographically, the 3D North America holds a substantial share in the global 3D printing market share. The market share is projected on account of presence of a large number of key players and early adoption of new technology in the region. US holds major share of the North America region. Europe region is also projected to hold a significantly large share in this market owing to the increasing demand for these printers from end-user industries such as healthcare, automotive, and consumer electronics among others. Asia Pacific region is expected to grow at a rapid pace in the coming years.

The medical segment is expected to have a significant market share. 3D printing techniques are used in medical sector as it helps in combining cells, works a growth factor, and biomaterials by fabricating biomedical parts to enhance characteristics of natural tissue to the maximum extent. The technology is growing in the healthcare industry due to the benefits offered by it such as efficiency, cost-effectiveness, and convenience.

According to competitive intelligence is done by Knowledge Sourcing Intelligence, 3D printing market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Stratasys Ltd., The Exone Company, Ultimaker BV, Xjet, HP, Materialise, SLM Solutions Group, Sciaky, Mcor Technologies Ltd., Optomec, DWS, 3DCERAM SINTO, Luxexcel Group, EnvisionTEC, and Arcam EBM among others.

Key Questions Answered in This Report:

•          What are the key regions having a significant market share of the global 3D printing market?
•          What are the drivers of the market?
•          Who are the key market players in the market?
•          What is market segmentation of the 3D printing market?
•        Who are the end-users of the 3D printing market?

  

A comprehensive study of Cardiac Implant Devices Market

Introduction:

By the end of 2024, the global market size for cardiac implant devices market is projected to grow with a CAGR of 4.30 percent to reach USD40.300 billion from USD31.300 billion in 2018. Cardiovascular implants are sophisticated devices used to treat heart diseases. Cardiac diseases are a major cause of death globally. But due to technological advancement in medical science, there is an increasing number of patients living with cardiovascular diseases. The market for cardiac implant devices is expected to have a significant growth rate driven by the rising prevalence of heart diseases and growing healthcare expenditure. The growth in the geriatric population is expected to further fuel the market growth as cardiac diseases are mostly age-associated. Technological advancement in the field of medical devices is also expected to drive the cardiac implant devices market growth.

Rising prevalence of heart diseases:

According to data by the World Health Organisation, 17.9 million people die each year from cardiovascular diseases (CVD), an estimated 31% of all deaths worldwide. Four out of five CVD deaths are due to heart attacks and strokes. A substantial number of these deaths can be attributed to tobacco smoking, which increases the risk of dying from coronary heart disease and cerebrovascular disease 2–3 fold. Physical inactivity and unhealthy diet are other main risk factors which increase individual risks to cardiovascular diseases. Implantable medical devices are increasingly being used for the treatment of these diseases. Cardiovascular IMDs are regarded as the most sophisticated IMDs to date. As these devices are implanted inside the body, the patients do not need to be hospitalized for long periods of time and can even be remotely monitored. The implementation of more IMDs with communication capabilities relieve the strain on health systems. So, the demand for cardiac implant devices is increasing globally with the rise in patients suffering from heart diseases. This is expected to have a positive impact on cardiac implant devices market size.

Cardiac implant devices market by product type:

By product type, the cardiac implant devices market is segmented as Implantable Closure Devices, Pacemaker Implants, Implantable Cardioverter Defibrillator (ICD), Left Atrial Appendage (LAA) Closure Device, Coronary Stents, and Prosthetic Heart Valves, Insertable Cardiac Monitor (ICM), Implantable Heart Pump, and Total Artificial Heart. The coronary stents segment is expected to hold a significant CAGR during the forecast period on account of the growing prevalence of coronary heart diseases worldwide. Implantable heart pump is expected to hold a significant cardiac implant devices market share.

Implantable Heart Pump:

A heart pump or ventricular assist device (VAD) is a mechanical pump that's used to support heart function and blood flow in people who are suffering from heart diseases. The device takes blood from a lower chamber of the heart and helps pump it to the body and vital organs, which is same as the working of a healthy heart. These devices can be connected externally or implanted inside the body. Implantable heart pump is used in patients who have heart failure. The cardiac implant devices market trend for this segment is expected to be positive in the forecast period due to increasing cases of heart failures and the growing geriatric population.

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green cement market analysis | Blister Packaging Market size | sports technology market growth | Airport Surveillance Radar Market | automotive braking system market trends | electronic toll collection systems market share 
           

A Comprehensive Study of Automotive Braking System Market

Introduction: 

The automotive braking system market is expected to grow at a CAGR of 1.62% in 2024 with a market size of US$38.738 billion from US$35.180 billion in 2018. With the evolution of automobiles, their braking systems have also evolved. Today, there are several types of braking systems with some advanced features. The market size of such systems is expected to have a significant growth with increase in demand for automobiles. 

The number of road accidents has also seen a considerable rise all over the world.  This increases the need to incorporate advanced technology in the braking system of commercial and passenger vehicles such as the anti-lock braking system (ABS). Governments and international organizations have introduced several safety norms including making ABS mandatory. So, the automotive braking system market growth is estimated to be significant during the forecast period.

Automotive Braking System Market By Brake Type:

On the basis of brake type, the market is mainly segmented into disc and drum brakes. Both of these brakes work on basis of frictional contact but disc brakes have more stopping power and score high in terms of efficiency and safety. The disc brakes dissipate heat more effectively. Brake fade occurs when brakes lose their effectiveness when the vehicle is going downhill. In case of disc type, it takes longer to achieve brake fade and so they work better on steep descends. Disc brake performs better in wet conditions as drum types have the potential to collect water during rain. Due to these advantages of disc type, the automotive braking system market share for this segment is expected to be significant. 

Disc brakes are used in most of the heavy-duty vehicles. Low and medium-priced vehicles are mounted with front-disc/rear-drum setup as drum types are cheaper and this mechanism is quite effective in stopping the vehicle. The disk brakes are completely self-adjusting because of which there is a wide variety of brake pads to choose from. There are disc brake conversion kits to change from drum brake to more efficient disc brakes. This is expected to fuel the market growth of this segment.

Automotive Braking System Market By Geography—North America:

The automotive braking system market size for North America is estimated to be significant while the Asia Pacific market is expected to have a notable growth rate. North America has several leading automotive manufacturers which has contributed to this large market share. There are stringent government regulations and a rising demand for advanced safety systems in vehicles. Within the North American region, the market is further segmented into US, Canada and Mexico. US is estimated to lead the market growth among these segments. 

There is high demand for technologically advanced automobiles in this region. The demand for SUVs has grown in North America because of its use in off-terrain activities. The braking system being an integral part of the vehicle, its demand has also seen a considerable rise. So the automotive braking system market trend is expected to be positive in the years to come.

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A Study On The Factors Driving The Growth Of Airport Surveillance Radar Market

Introduction: 

An airport surveillance radar system is a system which is used at airports to identify and exhibit the position of an airplane in aerospace around airports. It is used to monitor air traffic around the airport. This system controls traffic inside a radius of 30 to 50 nautical miles (56 to 93 km) of the air terminal and can detect and track aircraft at altitudes less than 25,000 feet. The surveillance radar system contains two systems; the primary and secondary surveillance radar.  The global airport surveillance radar market is projected to grow at a CAGR of 7.05% to reach US$592.624 million by 2024 from US$393.765 million in 2018. There are a few factors driving this market growth.

Growth in Air Traffic: 

Air traffic has grown by a substantial amount with the growth of the world economy. The number of air passengers (domestic and international) rose from 3227291386 in 2014 to 3978849402 in 2017 (source: The World Bank Group). This is giving rise to the growth in the number of airports, thus, leading to the growth of air transport services as well in order to achieve more efficient, and safe airport operations. 

This is attributed to rising disposable income and adopting high living standards especially in the emerging economies like China and India. Also, the availability of cheap air tickets due to rising price competition between the companies in the aviation sector is propelling the increasing use of flights as a regular means of transport. Furthermore, globalization and growing travel and tourism industry are supporting the need for the development of new airports with the rise in the number of air passengers. This has led to an increase in demand for radar and other telecommunication equipment in order to coordinate the landing and take-off of flights. This is estimated to lead to growth in airport surveillance radar market size.

Concerns regarding passenger safety: 

Growing fatalities in the aviation industry due to poor surveillance have led the governments across the globe to equip airports with advanced surveillance technology. These surveillance systems also alert the aircraft and direct it to safe landing during severe weather or hazardous conditions. So, the airport surveillance radar market trend is expected to be positive in the coming years.

Increased investment in the aviation sector: 

The aviation sector is receiving huge investment from both the public and private sector. The government has increased its spending substantially on the construction and maintenance of airports and for ensuring the safety of passengers. The number of private players in the aviation sector has also increased leading to increased competition. So, they take all measures to enhance customer experience including their safety. As a result, the airport surveillance radar market growth is estimated to be high.

Technological advancement: 

Innovations in radar surveillance technology is also expected to increase the airport surveillance radar market share. These technological advancements are rapidly being adopted by advanced and emerging nations in order to achieve greater efficiency in air traffic management. With the advancement in space technologies, satellite-based technologies are being implemented to improve their air navigation surveillance-related operations.

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