Aerial imaging market to register a double-digit CAGR over 2018-2024, disaster management to evolve as a pivotal growth ground over 2018-2024

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A slew of advancements in geospatial technology has been instrumental in adding impetus to aerial imaging market lately, to such as extent that government organizations to commercial businesses, have now found ways to utilize the technology to their own advantage. Hurricane Harvey is one of the most iconic examples that demonstrates the progress of aerial imaging industry. The prompt intervention of EagleView Technologies had then restored some relief to the hurricane affected victims, while simultaneously increasing the popularity of aerial imaging.

Aerial Imaging Market Size, By Application, 2017 – 2024 (USD Million)
Aerial Imaging Market Size, By Application, 2017 - 2024 (USD Million)

Elaborating further, when Harvey flooded Texas and Louisiana with 27 trillion gallons of water in 2017, it turned out to be one of the most devastating natural disasters in the US history. Besides, it also happened to be one of the most expensive catastrophes which cost approximately $190 billion. Amidst a scenario where thousands of people were displaced from their homes and thousands of others did not know if they had any home left to go back to, the Henrietta based aerial imaging company EagleView Technologies presented a possible means of relief to the victims of the destruction Harvey left in its wake. The company launched a website that depicted aerial views of the streets ravaged by the hurricane. Users could enter a street name and view before and after images to access the extent of damage. EagleView Technologies has so far collected almost 350 million images of over 90% of the most populated areas of the U.S. on behalf of clients which comprise local and state governments as well as insurance companies, that may benefit the hurricane victims.

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However, aerial imaging industry is not limited to amassing millions of pictures alone. The vertical is now focusing on collecting images and teaching machines to look at images and generate a report if something of crucial importance is being reflected in those images. For instance, when an electric utility company requires aerial imaging, they do not just want thousands of images of power lines, what they want is to discern which poles are damaged or have broken conductors and need to be repaired. Machine learning facilitates this process by analyzing each image and producing a report for the repair crew with the location of the problem spots. Information collecting companies that are mainstream end-users of aerial imaging market are heavily dependent on this technology to access damage of personal and public property after natural catastrophes. Since it is not possible to send out claim adjustors to every place right after the disaster despite the crucial importance to assess damages as quickly as possible, aerial imaging market has received a considerable boost from the insurance industry.

As such implications clearly point out, disaster survey and management is expected to become one of the most lucrative growth avenues for the aerial imaging industry. In fact, aerial imaging market size from disaster management is expected to register a CAGR of 16% over 2018-2024. Most governments have regulations dictating the pilot of an aerial imaging vehicle to be in the visible range of the vehicle. But as climate change has increased the incidence of natural disasters, such restrictions are being slowly lifted. Advancement of technology is also ensuring that human pilots can be replaced with self-flying drones. This not only decreases the chance of harming human life while they are out in disaster zones but also helps in better assessment as machines can be taught to fly straight and maintain constant altitude. The advent of advanced technology will thus play a pivotal role in aerial imaging market expansion.

Recently Airbus Aerial and DroneBase announced a partnership that will deliver a multi-source data service solution for aerial imaging from a single provider. Such an initiative will enable companies to use a single service provider for all their data and imagery insights. With an international leader and pioneer in aerospace industry like Airbus and DroneBase which has 100,000 commercial missions flown in over 70 countries making a significant investment, other investors are also expected to join in the battle. As the contributions by prominent contenders strengthens the case for this vertical, aerial imaging industry size is expected to cross USD 4 billion by 2024.

Author NameParoma Bhattacharya

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APAC flooring market to witness remarkable growth over 2017-2024, expanding construction sector to drive the regional trends

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The growth prospect of flooring market is forecast to be substantially high in the ensuing years, augmented by the expanding construction ecosystem. Robust increase in construction spending across industrial, commercial, and residential sectors has significantly upscaled flooring market demand, especially across emerging nations. As per reliable estimates, global construction spending is expected to surpass USD 15 trillion by the end of 2024, which clearly portrays the lucrative opportunities for the global flooring market in the coming years. ‘Smart flooring’ has already become the latest buzzword among the infrastructural players, with workplace décor and stylish homes claimed to be the ultimate reflection of high standards of living. In response to the growing demand for flooring materials with blend of style, economic, as well as efficiency quotients, flooring market giants are coming up with variety of options that not only reflects aesthetics in design, but also stands as the test of time.

China Flooring Market, By Product, 2012-2024, (USD Billion)
China Flooring Market, By Product, 2012-2024, (USD Billion)

Boasting a diversified product portfolio that encompasses soft flooring, resilient flooring, seamless flooring, and non-resilient flooring, flooring industry size in 2016, was almost USD 270 billion. Accounting for a sizable chunk of almost 35% of the overall industry share in 2016, soft covering emerged as one of the leading product domains in the global business space. The increasing demand for rugs and carpets in offices and housing complexes has phenomenally swayed the product penetration across major economies. Endorsed with a unique dust binding property and reduced noise effect, soft flooring market was almost USD 110 billion in 2016.

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Speaking of the geographical trends, the flooring market size has, of late, witnessed a rapid escalation in the emerging economies – Asia Pacific being one of the major names in the list of growth avenues. The reason behind APAC to become the preferred investment destination for flooring market giants is quite overt- its expanding construction sector. As per reliable sources, APAC is projected to account for over 46% of the global construction market by 2020. Besides, extensive developments in manufacturing sector along with growing population have further propelled flooring industry proliferation in this belt. Experts claim, China and India to be the two protruding regions that would showcase tremendous growth. In this regard, China’s National Urbanization plan for the period 2014-2020, that revolves around the mission of settling more than 100 million urban inhabitants by the end of 2020, and which would raise the urbanization rate in China to 60%, is estimated to be one of the major initiatives influencing the regional flooring market trends.

Worldwide, flooring industry is highly fragmented with the presence of a large number of regional and local manufacturers. Some of the leading names include Tarkett, Shaw Floors, Mannington Mills, Beaulieu, Armstrong, Marazzi Group, and Mohawk Industries. Driven by the sustainability trends that have created an increasing demand for ecofriendly floor coverings, these giants are heavily investing in innovative solutions that are not only stylish in décor but also are environmentally viable. The Polyester (P.E.T) Berber carpet is one such sustainable flooring solution that has gained a global attention of late. Reportedly, these carpets are produced from 100% recycled tires and bottle caps. With established giants leading the way toward innovative products and solutions, it is certain that flooring market is certain to undergo a positive transformation in the coming years.  In terms of commercialization, Global Market Insights, Inc., estimates flooring industry size to exceed a valuation of USD 450 billion by 2024.

Author Name : Satarupa De

Increasing usage of mobile devices is predicted to drive bring your own device (BYOD) market growth

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According to new study based Report on Bring Your Own Device by Global Market Insights, BYOD market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022. The report provides granular quantitative information on market together with key BYOD industry insights.

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Recently BYOD has been adopted across various verticals including logistics and retail, Telecom, IT, manufacturing, healthcare, public etc.  This surging adoption of this system for enhancing organizational productivity is expected to drive the market growth.

Increasing use of, tablets, and laptops is anticipated to have a positive impact on the market. Furthermore, the  proliferation of smartphones and 4G LTE is expected to fuel the market growth. A smartphone is expected to be the most preferred device, as it simplifies handling of both personal life and office work. The tablet segment is forecast to witness substantial growth over 130 billion in a predicted time frame.

Bring Your Own Device (BYOD) Market Size

Healthcare, financial services and insurance industry segments are predicted to be most key verticals. Moreover, both mid-to-large sized and small scale businesses have started adopting the system and are predicted to further the growth.

The report discusses the in-depth analysis of the Bring Your Own Device industry at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia,  China, Singapore, New Zealand, Malaysia, Philippines, and U.S.

U.S. BYOD market is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific BYOD market share is likely to witness substantial growth, at a growing CAGR of 20% during the expected period owing to lower hardware expenses, and surging smartphone penetration.

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The report covers competitive analysis of the market discussing the profiles, key market strategies of major market players accumulating major market share in the market are: Alcatel-Lucent, Cisco Systems, MobileIron, Good Technology,and IBM Corporation.

Increased productivity owing to growing use of personal devices is expected to trigger the market growth. Possible security threats, including device theft, challenges in tracking data and risk exposure, etc. need to be addressed to support the employees.

The report features:

  • Market Definition for BYOD along with restraints, drivers, challenges, opportunities and adoption of trends in the market
  • Market sizing and forecast
  • Segmentation of competitive market and assessments on a regional scale
  • Distribution channel assessment
  • Analysis with factors influencing the market landscape
  • Competitive Analysis of major market participants, company profiles and strategic activities
  • Pricing and substantiality trends

Author NameDhananjay Punekar

Implementation advantages coupled with rising need to reassess data center infrastructure is anticipated to fuel the integrated systems market

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Integrated systems market size was earlier USD 9.5 billion in the year 2014 and is expected to touch USD 30 billion in 2022 with a CAGR of 15% according to study done by Global Market Insights. Thriving business demand and accelerated challenges in IT sector is projected to upsurge the demand of this market. The dynamic nature of IT industry is full of advancements and innovations. Transformation from mainframe servers to internet computing has changed the way with which customers build, buy, use, and deliver technology. IT & telecommunication integrated systems market report touched USD 2 billion in the year 2014 and is estimated to cross USD 7 billion till 2022.

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Installation along with integration services reached USD 6 billion in the year 2014 and these figures reflect its demand in small, medium and also large-scale industries. It is predicted that increase in demand for change in data center will expedite its growth in coming years. It can also be stated here that increase in requirement for agility and proficiency in industries will also fuel up the market in future. Integrated systems market trends for infrastructure have reached 4.5 billion in 2014 and are estimated to exceed USD 15 billion in 2022, thus bringing decent return on investment for enterprises along with conversion of former data centers into capable, reliable and sustainable operations. These systems comprise of extra software and tailored systems for supporting development of application, storage, integration and testing. It is estimated to rise by 14.8% CGAR in the year 2015 to 2022.

Integrated Systems Market Size

Talking about some figures here, U.S. market is expected to go beyond USD 10.4 billion till 2022. Asia Pacific was noticed USD 2.5 billion in the year 2014 and is likely to maintain continuous rising graph till 2022. Indian market is expected to cross USD 1.6 billion till 2022. Transformation in data center in promising countries like India and China has contributed a lot towards regional growth.

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A significant growth in banking sector is also observed because of this new collaboration. It is projected to touch USD 8 billion in 2022 which was USD 2.8 billon in the year 2014. Moreover, retail industry has accounted 18% of overall share in the year 2014 and is likely to cross 5.8 billion till 2022.

Top industry players like Oracle Corporation, Hewlett-Packard, and IBM emphasize more on collaborations as it accelerates technology exchange, marketing, and development of product. These companies have acquired 50% market share in 2014. Other prominent companies include Accenture, Deloitte, Fujitsu, Cisco, Hitachi and Huawei.

Author NameDhananjay Punekar

An overview of mobile virtual network operator market in terms of corporate strategies, industry to register a double-digit growth rate over 2018-2024

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Mobile virtual network operator market has been gaining extensive recognition in recent times, in sync with the evolving business models in a hyper connected digital realm. The progressive pathway carved by MVNO market is vividly evident from the recorded share of USD 55 billion in 2017.  Even nearly half a decade back, MVNOs were mostly associated with B2C (business-to consumer) services, and the marketplace has experienced many ups and downs with economic forces and consumer preferences. Now, close to the termination of three decades since its onset in 1990’s, with the influx of huge data in IT infrastructure, the industry is observing lucrative opportunities from the B2B space. As per estimates, business transactions on internet (both B2B and B2C services) by the end of 2020 would be more than 400 billion per day. As enterprises seek to add extra value to their business models with consumers expecting more seamless and customized real time connectivity, MVNO industry is certain to chart a profitable roadmap in the years ahead.

UK MVNO market size, by business model, 2017 & 2024 (USD Million)
UK MVNO market size, by business model, 2017 & 2024 (USD Million)

Lately, as it has been observed, mobile virtual network operator market is remnant of encouraging initiatives by renowned biggies who have been constantly collaborating with vendors to extend the service network. In this regard, it is important to take note that product and price differentiation are the major parameters where the MVNO market players are focusing on to win a competitive edge. Mentioned below is a gist of some of the latest contributions by companies making an impact on the mobile virtual network operator industry landscape.

  • Globally acclaimed mobile operator Three has recently teamed up with health & beauty retailer Superdrug to launch a new MVNO service- Superdrug Mobile. The deal reportedly comes as a part of Three’s multi-brand strategy to target the increasing opportunities of this segment beyond its own brand. If reports are to be relied on, Superdrug Mobile is claimed to be the fourth provider to Three Network, after its patent MVNO, leading communications provider Gamma, and SMARTY.
  • Citing another recent instance, Toka, the famous electronic payment solution provider, has scarcely selected renowned mobile technology specialist XIUS for launching its latest MVNO services in Mexico through its brand Tokamóvil. For the records, Toka would be operating its MVNO scheme on Telefonica Movistar’s network. This in consequence, would allow Tokamóvil to have comparatively low capital investment. In addition, the alliance, as per experts’ opinion, would further provide customers a lucrative product base that too with appealing tariffs and impeccable service.

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These aforementioned instances depict only a minor fraction of the developments underlining mobile virtual network operator industry.

Regional governments are also taking laudable interest in issuing commercial licenses to players operating in the market even including foreign invested firms. Say for instance, few years back, in 2014, the Ministry of Industry and Information of China had reportedly issued 37 MVNO licenses in the regional market to increase the competition in the mobile sector. This year, the Chinese government made its way to the headlines with the announcement of its decision of issuing formal licenses to private entities that deal with mobile service reselling as virtual networks. Backed by such a supportive regulatory framework with more than 59 million subscribers, China MVNO market is slated to witness a remarkable CAGR of 16% over 2018-2024.

In the light of the recent scenario, it is vividly conspicuous that MVNOs have become integral vertical in leading companies worldwide. While cable companies are vying with one another to unlock its potential in fixed mobile convergence, some retailers are transiting into MVNO market in a bid increase their profit margin. With companies and modern business models seeking to explore new avenues of cost-effective and customer-centric approach, mobile virtual network operator industry size is sure to mark an escalation in terms of revenue streams. Global Market Insights, Inc. forecasts the overall business space to exceed a valuation of USD 120 billion by 2024.

Author NameSatarupa De

Increasing hygiene awareness among consumers coupled with growth in personal care & cosmetic products demand is expected to drive aerosol propellants market

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Aerosol propellants market share is forecast to hit 13.73 million tons at an annual growth rate of 4.7% from year 2015 to 2022, according to a new study based market report by Global Market Insights. The report features segment, region and application based analysis with insights on market trends, restraints, challenges, opportunities and drivers expected to impact the market size.

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The market growth is attributed to rising awareness for household hygiene like disinfectants, insect repellents and air fresheners and personal care products like deodorant, dry shampoo, hairspray, sheen spray, shine spray, body spray, mousse, temporary hair color spray and shaving cream, etc. among consumers. Innovations and the advent of technology is like to further the growth. The demand in the personal care product segment is forecast to reach 6,700 million units at a growing CAGR of 2.9% during the predicted time frame.

Growth in infrastructure spending and automobile production in various countries has attributed to the growth in demand of paints in construction and automotive sectors and is likely to further industry growth. Health and environmental problems associated with propellants used in aerosol products are likely to restrain industry growth.

Aerosol Propellants Market Size

Industrial and automotive applications are likely to continue the growth trend with anticipated growing CAGR of above 4.5% during the Forecast period. Rising demand for sealants, adhesives, lubricants is expected to propel the industry growth. Hydrocarbon propellants expected to exhibit stable growth by 2022.

The report covers in-depth analysis of the aerosol propellants industry on the regional scale. The market is witnessing substantial growth and is largely driven by regions, including North America, Europe and Asia-Pacific.  Growing demand for cosmetic products in Europe is projected to spur aerosol propellants market growth. Asia Pacific, the market is expected to witness a substantial growth with anticipated gains of 5.6% in the next seven years.

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The report covers the analysis of the key market players, profiles, competitive scenario and business strategies. Strict Government regulations regarding aerosol propellants are discouraging the new market participants owing to considerable amount of investment during the start-up phase. Key market players include Honeywell, Covestro, Harp International, Lapolla Industries, Aeropres Corporation, AkzoNobel, Lapoll and Avalos.

The key topics covered in the report are:

  • Categorization of the global market on the basis of application, region and competitive scenario
  • Volume and revenue estimations for the market over anticipated period
  • Market Dynamics and Insights with market strengths and weakness, opportunities and threats
  • Current and future Regional Trends
  • Company profiles, Positioning, business strategies of Key Players

Author NameDhananjay Punekar

U.S. solar tracker market to exhibit remarkable proceeds over 2017-2024, driven by favorable regulatory framework

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Solar power has emerged from a niche segment to mainstream electricity source, the prime factor that has upscaled solar tracker market demand immensely. Solar trackers help in improving the energy output by orienting the payloads toward the sun.  In fact, estimates claim that these trackers are capable of increasing the power output by almost 10-25% than their conventional counterparts, depending upon the geographic location of the tracking systems. Undoubtedly, technological innovations have played a pivotal role proliferating the overall market trends.

    North America Solar Tracker Market Size, By Application, 2016 & 2024 (USD Million)
  North America Solar Tracker Market Size, By Application, 2016 & 2024 (USD Million)

For instance, NEXTracker, one of the pioneers of solar tracker industry, has recently launched a solar plus energy storage solution named NX Fusion Plus, reportedly in November 2016. This groundbreaking innovation integrates a self-powered single-axis tracker, battery, software, and inverter into a single platform to provide a better ROI to the solar plant owner. This is arguably one of the biggest breakthroughs of recent times in the solar tracker market landscape, given the fact it is claimed to be the first of its kind. Some of the other biggies involved in solar tracker industry include Grupo Calvijo, Abengoa, SunPower, First Solar, and Wuxi Hao Solar, and, Array Technologies.

Favorable incentives such as soft loans, feed-in-tariffs, tax rebates implemented by governments of developing & developed nations have complemented solar tracker market penetration. Clean energy demand has witnessed a comprehensive upsurge with the growing urbanization, solar power demand being at the pinnacle. In this regard, it is important to note that the economics of solar power market has been improving rapidly. A large number of leading companies are inking solar deals not only to experience green credentials but also to diversify their supply sources at comparatively lower costs. Alongside, increasing global concern regarding the detrimental consequences of greenhouse gas emission has brought a renewed attention to the solar power sector, with a subsequent demand for solar tracker industry as well.  As per Global Market Insights, Inc. global solar tracker industry is forecast to exceed a revenue of USD 27 billion by the end of 2024, exceeding an annual installation of 70 GW over the coming seven years.

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Speaking along the similar lines, a diversified range of strategies implemented by international organizations pertaining to the reduction of greenhouse gas emissions has catered solar tracker market commercialization. For instance, the Energy Star Program initiated by the United States EPA demonstrates the profitability potential by the reduction of GHG emission and energy consumption. The program deals with providing the consumers and the organizations enough technical information regarding the benefits of choosing energy efficient solutions. Driven by a favorable government participation in the deployment of energy efficient solutions, U.S. solar tracker industry is forecast to exceed an installation of 12GW by 2024. Indonesia has also profoundly enlisted its name in the global industry landscape, taking into consideration the country’s National Action Plan of greenhouse gas reduction. Under the presidential reduction plan, the country has set a target to reduce GHG emission by 26% by 2020. Solar tracker market is indirectly characterized by such exemplary initiations across the globe, in extension to which the market investors are betting big on the commercialization landscape.

The growth of solar tracker industry is extremely dynamic and varies strongly with geographies. While many countries have already incorporated solar trackers in their solar panel for a more energy efficient output, there are many underdeveloped regions that are still hesitant about deploying this highly efficient technology. Subject to their inbuilt complex design and operation, these trackers are slightly more expensive than their stationary counterparts, which can be taken as a stumbling obstacle hindering the market penetration. However, ongoing electrification programs promoting deployment of energy efficient solutions along with several incentive benefits pertaining to clean energy power generation is expected to upswing solar tracker market demand in the coming years.

Author Name : Satarupa De