Electronic protection device coatings market to accrue significant profits from the automotive sector, global industry to surpass a valuation of USD 20 billion by 2025
Conceived in an era where electronics has liberally permeated everyday lives, electronic protection device coatings market has registered significant growth subject to the increasing demand for component protection. Electronic devices such as smartphones have fundamentally changed social interactions and have now come to replace a number of other gadgets that were very prominent merely a few decades back. Inevitably, smartphones have come to be considered as highly indispensable gadgets – indeed, consumers have shown preference to buy smartphones that have higher reliability and ruggedness against common causes of damage.
U.S. EPD Coatings Market Size, By End-User, 2014 – 2025 (USD Million)
According to reliable statistics, after shattered screen, liquid damage is the second most common cause for mobile phone damage. In fact, an estimate shows that a million smartphones a day are damaged by liquids which add to cost almost $100 billion each year. Prominent smart phone makers like Samsung and Apple use O-rings and gaskets as device protections. But what has caused a major disruption in the electronic protection device coatings market is the advancement of polymer coatings.
Being hailed as a game changing innovation in electronic protection device coatings industry, nano coatings are different from more physical liquid resistant solutions like seals and gaskets, given that they cover the device entirely instead of being built into the device. Nano coatings are a low-pressure deposition of a nano scale monomer coating over the entire device rather than a mechanically engineered barrier only inside the device. This coating method chemically adheres to whatever surface it is applied to and allows greater design liberty.
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Apart from consumer electronic devices, the automotive industry is yet another sector that deploys protective coatings for devices. Automobiles have come to increasingly include greater number of electronic devices with changing consumer demands. Amenities that were previously considered luxurious have now come to be available in standard cars. Features ranging from infotainment systems and driver-assistance to rear facing cameras and automated parking – all require protection against liquid ingress and other factors like braking liquid and gasoline fumes. Considering the harsh environmental conditions that are created in an automobile, fragile electronic components like PCBs and paths between PCBs require to be protected in a manner that does not add to the weight of the vehicle. This has created a plethora of demands for protective coatings from the automotive domain, widening the scope of opportunities for electronic protection device coatings market players.
Conformal coatings have lately gained traction in electronic protection device coatings industry, given the rising demand to protect PCBs in automobiles. The polymer coating layers can be as thin as 0.002 to as thick as 0.005 inch. These coatings allow for lighter assemblies than physical enclosures or resin potting. Conformal coatings are currently paving the path for improvement in device performance while permitting significant reduction of space required to accommodate device protection.
The expansive automotive and electronics domains aside, this technology is also being applied to devices like behind-the-ear hearing instruments and receiver-in-canal hearing devices, further widening the scope of electronic protection device coatings industry. Indeed, these devices are actually being developed for the younger generation of users that are more disposed to an active outdoor lifestyle where devices are at greater risk of being damaged by liquid ingress. As these coatings find a wider spectrum of applications in the years to come, electronic protection device coatings market size is expected to register a CAGR of 4.6% over 2018-2025.
Author Name : Paroma Bhattacharya
Aerospace & defense fluid conveyance systems market to amass hefty returns via aftermarket sales, global industry share to exceed USD 22 billion by 2024
The rising deployment of fleet services for transportation & military operations has been driving aerospace & defense fluid conveyance systems market considerably since the last few years. With increasing disposable incomes and subsequently changing lifestyles, air transportation has lately gained substantial momentum, fueling the need for commercial aircraft. In addition, in order to eliminate terrorist activities, which have been increasing rapidly since the last few decades, many countries have been deploying unmanned aerial vehicles and high-speed jets. Aided by changing military strategies and heavy investments in the defense sector, aerospace & defense fluid conveyance systems industry size is anticipated to witness a massive upsurge over 2018-2024.
U.S. Aerospace & Defense Fluid Conveyance Systems Market, By Fluid, 2017 & 2024, (USD Million)
Taking into account the primary need of fluid conveyance systems in aircraft production, leading aircraft manufacturers have been establishing partnerships with fuel system manufacturers. An instance of the aforementioned is GKN Aerospace’s contract signed with General Atomics Aeronautical Systems Inc., in 2017, for developing, designing, and manufacturing fuel conveyance systems. GKN Aerospace, through this development agreement, apparently looked forward to developing fuel systems for UAV (unmanned aerial vehicle) applications. The firm planned to manufacture fuel bladders through a vacuum forming process in conjunction with the latest polyurethane (PU) material that is durable and lightweight. Given that UAVs are prominently used in the defense sector for performing various surveillance and other military tasks, GKN is likely to strengthen its stance in aerospace & defense fluid conveyance systems market through this deal, in addition to encouraging its fellow adversaries to increase their investments in the development of military UAVs.
The surging deployment of aircraft for defense as well as commercial purposes has been creating lucrative opportunities not only for original equipment manufacturers but also for aftermarket product developers. In fact, in order to rake in maximum capital, aircraft companies are signing long-term deals with aftermarket product suppliers. The collaboration of airline companies with aftermarket product distributors is proving rather beneficial for this vertical, in terms of reduced maintenance cost and improved fleet reliability.
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Citing a recent instance justifying the aforementioned statement, in 2016, Emirates signed a 10-year aftermarket agreement with Unison Industries to upgrade the GE90 and GP7200 engine fleets. Emirates back then, could leverage Unison’s expertise in the areas of upgrades, exchange programs, and repairs with mutual goals of the highest quality support. The deal testified that requirement of the aftermarket is vitally important for maintaining fleet services. Indeed, as per estimates, aerospace & defense fluid conveyance systems market size from the aftermarket distribution channel is slated to register a CAGR of 3.5% over 2018-2024.
Elaborating further on the growth strategy scenario in aerospace & defense fluid conveyance systems market, it is noteworthy to mention in 2015, Parker Aerospace signed a long-term deal with Emirates to provide a maintenance package to its Airbus A330/A340 and Boeing 777 engines and aircraft. As per the agreement, Parker will establish its repair facilities and network outstations across the globe to support Emirates, which will emerge to be advantageous for regional companies and local support teams to generate a sufficient inventory pool for fleet maintenance. This in consequence would have a remunerative impact on the overall aerospace & defense fluid conveyance systems industry outlook over the years ahead.
The mutual cooperation between aircraft companies and product suppliers is likely to be one of the major driving forces of aerospace & defense fluid conveyance systems industry. The surging deployment of UAVs for performing military operations will also have a remarkable impact on product demand over the years ahead. Driven by the escalating demand for fleet components and the robust competitive hierarchy, aerospace & defense fluid conveyance systems market share will increase at a CAGR of 3% over 2018-2024.
Author Name : Sunil Hebbalkar
A concise overview of network attached storage market in terms of regional landscape, global share to record a double-digit CAGR over 2018-2024
The commercialization of global network attached storage market has indeed taken up a remarkable pace in the recent years, courtesy – the increasing number of enterprises diving into big data analytics & data mining. The rapid adoption of NAS solutions in home and consumer applications to offer storage that can be accessed by multiple devices have provided significant impetus to the growth statistics of network attached storage industry share. With NAS gaining considerable traction across SMEs and other businesses incorporating cloud-based network, analysts speculate the network attached storage architectural layout to witness a revolution of sorts in the coming years. Not to mention, technology interventions are deemed to remain the focal point of this transition.
North America NAS Market Size, By Business Application, 2017 & 2024 (USD Million)
Toshiba, for instance, has recently launched its next-generation 3.5″ NAS N300 HDD and 2.5″ L200 HDD that can be now used in laptops as well. The technology, as claimed by Toshiba works perfectly with any network attached storage devices that are used for personal, home office or small businesses. The NAS device has been designed to support around eight drive bays in a multi-RAID NAS and features rotational vibration sensors that automatically detect & compensate for transient vibrations, thereby delivering prompt performance in multi-bay storage enclosures.
In yet another significant instance, the Taiwanese technology company Synology has recently announced the availability of its “18-series” NAS servers in India. Reportedly, the servers are designed to serve as personal cloud storage with features such as media streaming, data backup, file sharing, photo management, and more. The instance further emphasizes another vital strategy undertaken by NAS market players – exploiting the enormous potential in the untapped economies. The increasing technologically advanced and aware consumer base is one of the chief regions drawing the stakeholders’ attention toward these emerging countries. Speaking along similar lines, the APAC region, as forecast by Global Market Insights, Inc. is slated to register the fastest growth rate over 2018-2024. The rapidly proliferating trends of digitization coupled with the rising demand for cost effective & scalable data storage solutions are overt to further sway the regional industry outlook.
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North America network attached storage market to lead the regional landscape
North America, being a major technological hub stands poised to hold significant share in the global NAS industry. The region moreover retains the presence of large scale enterprises that have adopted the cloud platforms and big data analytics – a factor further expected to garner high demand for NAS solutions in the coming years. The rapid adoption of consumer and home network attached storage systems in U.S. and Canada across various end-use sectors such as the BFSI and IT & Telecom market have significantly driven North America network attached storage industry share. The United States NAS industry share is forecast to record a y-o-y growth rate of 20% over 2018-2024.
Elaborating further on the geographical landscape, Europe is projected to procure second largest share in the NAS industry. The growth is mainly attributed to the rapid adoption of this technology by the SMEs in tandem with the massively growing data center developments in the region. Add to it, the continent, over the recent years, has been one of the top-notch spots for the industry players adopting regional expansion as their chief growth strategy.
All in all, endorsed with a rich competitive and application gamut comprising BFSI, IT & Telecom, healthcare, retail, consumer electronics, etc., the global network attached storage market is certain to become one of the most remunerative business spheres for potential stakeholders. In terms of commercialization, Global Market Insights, Inc., projects network attached storage industry size to surpass USD 20 billion by 2024.
Author Name : Ojaswita Kutepatil
Food enzymes market to accumulate heavy returns from the F&B sector, global industry to be characterized by facility expansion strategies over 2017-2024
Focusing on the shifting trends toward the consumption of healthy and quality food, pivotal contenders of food enzymes market have lately been making heavy investments in the development of innovative product solutions. Taking into account the escalating business opportunities in this vertical, biotech firms have also been penetrating food enzymes industry. A recent instance justifying the same is that of Novozymes, one of the leading producers of enzymes, focusing on product innovation preferentially for food and beverage applications, for which the firm has developed technology and innovation centers across major geographies.
North America Proteases Enzymes Market, By Application, 2016 & 2024, (Kilo tons)
Novozymes’ strategy has helped core food enzymes market players realize that the establishment of innovation centers may prove highly useful to develop legally approved products. More precisely, earlier in most of the European countries, food enzymes were regulated as processing aids, however, recently, safety regulations have been set up for enzyme production and usage. On these grounds, enzyme manufacturers have been setting up new research labs to manufacture products that adhere to the standard norms. The collaborative contribution of regulatory bodies, end-users, and industry players will have significant impact on food enzymes market share.
Speaking along the same lines, recently, Archer Daniels Midland Co. commenced a new enzyme laboratory in California to provide global access to advanced research facilities for the scientific community regarding nutrition and food science. In addition to promoting R&D activities, the firm has signed on an additional agreement with Qingdao Vland Biotech Group Co., Ltd. to develop and commercialize enzymes for maintaining nutrition and health of living organisms.
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Since the last few years, the F&B sector has been witnessing a huge demand for enzymes, however, the time frame has also observed a substantial wastage of edible food. In response to this, many biotechnology companies are establishing innovation centers for developing enzymes that could tend to minimize the food wastage. For instance, a month ago, the well-known biotechnology company, Novozymes inaugurated a new Innovation and Technology Center in Turkey for producing enzymes which could help curb food waste across the MEA region.
As per estimates, last year, the F&B sector has witnessed a 9% growth owing to the increasing number of developments in the baking and brewing businesses across MEA. The data received from Bread Producers Federation of Turkey claims that 10% to 20% of loaves of daily produced bread is wasted due to the inflexibility of flatbread. In accordance, the Innovation and Technology Center plans to enhance the durability of bread and improve the crumb quality. By using newly developed enzymes, bakers will now be able to manufacture healthier and tasty bread. The increasing usage of enzymes in various bakery products will thus have a commendable impact on food enzymes industry. Indeed, estimates have it on record that food enzymes market size from bakery applications will grow at a CAGR of 8% over 2017-2024.
With the favorable involvement of biotechnology companies, food enzymes market magnates plan to develop a diverse variety of products that will help them attain appreciable gains. The development of research centers to avoid food wastage and the subsequently rising production and acceptance of qualitative consumable food are certain to help augment food enzymes market outlook in the ensuing years. As per statistics, food enzymes industry size will be pegged at a revenue of more than USD 3.6 billion by the end of 2024.
Author Name : Sunil Hebbalkar
LMF-based milk fat fractions market to garner appreciable returns by 2024, rising awareness regarding the nutritional benefits of fractionated milk to expedite the global industry growth
The last few years have witnessed milk fat fractions market gaining massive traction, specifically in the healthcare sector, owing to the increasing concern among the masses regarding the health benefits of melted milk fractions. Melted milk categories, encompassing high melting fraction, medium melting fraction, and low melting fraction, are further classified based on their fatty acid profile. Being a critical indicator of sound health, milk fractions naturally command significance across the medical domain, the massive expansion of which will further impel this vertical. It is quite vivid that milk fat fractions industry is rather consumer-driven, as customer preferences change depending upon the richness of fatty acids in milk fat fractions.
North America Medium Melting Fractions Market, By Application, 2016 & 2024 (USD Million)
Fatty acids are vital ingredient of dietary fats, preferably used in infant formulas. In fact, many food regulatory authorities recommend breastfeeding and pregnant women to consume sufficient amount of long chain fatty acids. In addition, fractions of milk fat have many other health benefits that prove advantageous in the case of inflammation, digestive disorders, diabetes, weight loss, and colon cancers. Undoubtedly, driven by this range of long-lasting health benefits, fractions have come to be prominently used in the manufacturing of numerous consumable foods, which will fuel milk fat fractions industry share.
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Fractions are liberally used in the F&B sector, depending upon its product characteristics. For instance, LMF is used to manufacture natural butter, considering its natural buttery flavor. Milk fat fraction products including MMF, HMF, and LMF provide texturing and flavoring benefits while manufacturing various consumable milk and bakery items. Quite overtly, the substantial consumption of these products subject to changing dietary patterns will massively augment the overall milk fat fractions industry trends. As per estimates, LMF based milk fat fractions industry size is poised to register a CAGR of 5.5% over 2017-2024, driven by its applications in dairy powder, confectionary, and cold spreadable butter. Additionally, LMF products also serve as vital ingredients in MMF and HMF formulation blends.
Table Number 1: Applications of various milk fat fractions
The increasing deployment of next-generation food technologies is a major driving force fueling milk fat fractions market share. Layer crystallization for instance, is one of the prominently used technologies for the fractionation of melted milk, that helps augment the quality of the end-product post crystallization. The increasing implementation of this technology for improving the quality of milk derivatives obtained will majorly impel milk fat fractions market size.
With the rising awareness of sound health and a plethora of health benefits associated with the consumption of milk fat fractions, core industry players have been able to tap myriad growth opportunities in milk fat fractions market. Melted milk fat fractions have come to be used liberally in infant nutrition, cardiovascular disease medicinal formulation, and other inflammatory disease treatment methods. In consequence, this has led to governments and various health organizations recommending milk fat fractions as dietary supplements. Additionally, milk fact fraction contained food products cost lesser as opposed to other dietary and healthcare products, making them the most preferred choice for the consumer.
The rapidly increasing acceptance of various melting milk fractions as a primary ingredient for myriad consumables is certain to propel milk fat fractions market size, slated to register a CAGR of more than 7% over 2017-2024. Regional governments and regulatory bodies have been encouraging the masses to consume milk fractions for proper nutrition, thereby playing their part in impelling the demand for these products. Powered by a spate of modernization in existing milt fat crystallization technologies, major industry contenders are likely to amass substantial growth opportunities in the years ahead, robustly augmenting the revenue graph of milk fat fractions market.
Author Name : Sunil Hebbalkar
Data center infrastructure management (DCIM) market to register a phenomenal CAGR of 20% over 2018-2024, government sector to drive the end use landscape
The commercialization scale of data center infrastructure management (DCIM) market has been witnessing remarkable upswing in the recent years. The steady rise of this business space can apparently be accredited to the burgeoning complexity of managing large data centers and the limitations with regards to space and power. In addition to this, the robust proliferation of cloud technologies and big data along with the emergence of Internet of Things has necessitated numerous business verticals to focus on planning of physical infrastructure of IT based services. This has consequentially led to DCIM industry gaining tremendous traction over the past few years. In fact, according to reliable estimates, the overall revenue share of this business space is set to surpass USD 3 billion by 2024.
U.S. data center infrastructure management (DCIM) market size, by solution, 2017 & 2024 (USD Million)
Government sector to emerge as one of the leading end use segments that would drive DCIM market expansion
In an era when cyber-attacks from ‘nation state actors’ have become an everyday occurrence across the globe, it has been observed that numerous governments are increasingly allocating massive resources to fortify network security. In addition to this, various regulatory authorities have mandated stringent guidelines to monitor and identify potential vulnerabilities in the digital infrastructure of developed and developing nations.
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Nlyte Software, one of the major US based DCIM market giant, has recently announced to have received the much-coveted approval of the Department of Homeland Security for its DCIM suite. Reportedly, the latest approval makes it the first DCIM solution across the U.S. to adhere to all the stipulations prescribed in the Phase 1 of Continuous Diagnostics and Mitigation (CDM) Program of the federal government. For the record, the U.S. federal government had rolled out a Continuous Diagnostics and Mitigation (CDM) Program a few years back to ensure security and integrity of software and hardware assets of the nation.
Apparently, industry experts claim that such approvals would provide advanced tools and capabilities to various governmental agencies to continuously monitor the safety of critical data centers across various nations. Furthermore, it is quite needless to mention that such encouraging developments would eventually impel the growth potential of the overall DCIM industry in the ensuing years.
Elaborating further, it would be prudent to mention a similar instance of governmental initiative that has provided a substantial boost to the firms operating in Australia’s DCIM industry space. The Northern Territory government of Australia has recently declared its Budget for 2018-19 in which it has allocated a total sum of around AU$18.38 million to support initiatives under the Department of Corporate and Information Services.
As part of this scheme, the government plans to upscale the number of physical servers from 444 to 460 and intends to increase the number of its fully managed servers from 1600 to 1700 in the next financial year. With such enormous upgradation program in the pipeline, it is quite obvious that prominent firms partaking in DCIM industry of Australia sense an excellent opportunity to deploy their expertise in securing the nation’s data center network.
One of the major challenges being faced by DCIM market players has been the responsibility of bridging the complex web of interconnections among a network of data centers. With the advent of enhanced automated tools, highly optimized management workflow procedures, and deployment of real-time monitoring systems, the aforementioned challenges are being gradually surmounted by DCIM industry stakeholders. This trend of improved functionality coupled with powerful IT-based applications would invariably have a favorable influence on the growth prospects of DCIM market share in the times to come.
Author Name : Saif Ali Bepari