Aerospace

Automotive and aerospace industries to add growth impetus to magnetic sensor market over 2019-2025

Posted on

Magnetic sensor market trends are likely to depict substantial expansion over the forecast period, owing to increasing emphasis on automobile safety. Stringent laws necessitating the integration of magnetic sensors in automobiles, as well as implementation of navigation systems in numerous applications including transportation & delivery services, gaming consoles, smartphones, tablets, etc., will also augment the industry outlook.

U.S. magnetic sensor market size, by end-use, 2018 & 2025 (USD Million)
U.S. magnetic sensor market size, by end-use, 2018 & 2025 (USD Million)

Magnetic sensing devices provide an effective way to measure multiple mechanical quantities including angle of rotation, position sensing and speed sensing. Magnetic sensors are highly durable, as they do not require physical contact for measurements. Likewise, there are various other advantages including sustainability at different environmental conditions, low power consumption and compact size, which have helped to augment magnetic sensor industry growth.

Expansive use of GMR (Giant Magnetoresistance) technology is anticipated to favorably impact the magnetic sensor market size as its applications are diverse, including non-volatile magnetic memories, hard disk drives, automotive sensors, microelectromechanical systems and biosensors.

One of the major technological applications of giant magnetoresistance technology is in the data storage industry. GMRs can be integrated with several standard technologies including CMOS chips, thereby substantially augmenting magnetic sensor market share.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/2994

Aerospace magnetic sensors play a pivotal role in accurately detecting the direction and magnitude of external magnetic fields in aircrafts. These sensors are integrated in aircraft along with the magnets as safety interlocks to ensure that the aircraft components are precisely positioned. The aerospace industry is witnessing rapid growth, particularly in the United States. As per the U.S. Department of Commerce, the U.S. aerospace industry contributed $151 billion to export sales of the country in 2018.

The aerospace industry is a cooperation of public and private industries and is expanding in both the sectors. The use of magnetic sensors for sensing magnetic field in aircrafts is indispensable and is providing high growth potential to the aerospace magnetic sensor market.

Magnetic sensors are also used for security and military applications such as detection and localization of ferromagnetic objects, navigation, position tracking and antitheft systems. The development of magnetic sensors is of great importance in monitoring, surveillance, intelligence and security applications. This is especially advantageous for military applications where vehicles require timely updates of their movements along with precision targeting of armed enemy troops.

Magnetic sensors are essential elements for many security applications as magnetic field is invisible and penetrates through most of materials. The earth’s field is pervasive and cannot be switched off, so it gives backup to all navigation systems. Rise of magnetic sensor usage in military and for security purposes will significantly expand magnetic sensor industry size.

According to the European Automobile Manufacturers Association, in 2017, 19.6 million motor vehicles were manufactured in Europe, contributing to 20% of the global production. Europe is one of the chief regions in the magnetic sensor market due to the presence of a massive automotive industry and several automotive manufacturers including BMW, Volkswagen, Mercedes-Benz and others.

Magnetic sensor industry players are investing products to drive market growth. For instance, Honeywell Inc., a US-based engineering services and aerospace systems providing company introduced HTMC1021D, a high-temperature magnetic sensor for angle/position sensing, signal transformation and proximity sensing. The device, which operates in temperatures between 55-225°Celsius, works in applications where flux sensors were traditionally used. The device comes in a ceramic dip package, rough enough to handle high vibration and other hostile environments.

Growing trends for integration of IoT, navigation and tracking system coupled with stringent government policies for safety, will fuel growth of the market in the region. With the widespread application of magnetic sensors, the magnetic sensor market is estimated to witness an exponential growth rate. Global Market Insights, Inc., estimates the magnetic sensor market size to surpass $3.5 billion by 2025.

Author NameAakriti Kakkar

Fluorinated ethylene propylene market to garner appreciable valuation from tube sales over 2019-2025, chemical processing industry to drive the application landscape

Posted on

The global fluorinated ethylene propylene market is slated to experience immense growth prospects in the coming years owing to the product’s extensive use across the automotive, electronics, food & beverage, and medical industries. In the automotive sector, FEPs are widely used in compact and small-sized cars, in the tubing, bellows, and pressure hoses. The increasing shift among car buyers from sedans to more compact cars, especially in emerging economies will thus propel the growth of FEP industry.

U.S. Granules Fluorinated Ethylene Propylene (FEP) Market Size, 2018 & 2025, (Kilo Tons)

Fluorinated Ethylene Propylene Market

Small cars are also the most affordable vehicles to get on to the road and are easy to park as they don’t take up much space. For a middle-class family in emerging nations, a compact car facilitates savings since they are more fuel-efficient compared to sedans and SUVs. Hatchbacks also serve as the best option, in terms of passenger and driver safety with advanced collision control at affordable prices. In 2018, car manufacturers in India invested heavily on small cars to enhance sales records in smaller parts of the country.

For instance, Hyundai, relaunched its most loved hatchback Santro to appeal to Tier 1 and 2 cities where per capita vehicle ownership is still significantly small. Therefore, increasing demand for small vehicles from emerging and low-to-middle income nations will boost the global FEP market outlook.

Growing product demand for automotive ball bearings, paints, and adhesives, and sealants from the construction sector will also help the global FEP market gain traction in the coming years. Latest data from The Bureau of Labor Statistics and Timetric’s Construction Intelligence Center, estimates the construction industry to grow at a modest rate over the next several years. Industry professionals further predict one of the largest increase in real output for the construction space, with the business hitting the trillion-dollar remuneration space by 2020. This would remarkably surge the need for adhesives and sealants, driving FEP industry share.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/3263

Construction of residential housing will witness growth in the years to come owing to the rising population in the United States. Government spending to support homeownership, housing developments and a sustainable community in a bid to provide access to affordable housing will further increase the demand for construction projects. The development in the construction industry will massively boost the demand for paints, adhesives, and sealants, which will eventually drive the fluorinated ethylene propylene market in the coming years.

Fluorinated ethylene propylene tubing is a robust engineering fluoropolymer which offers excellent fluid visibility, low-temperature resistance, and low coefficient of friction and is perfect for flow control monitoring. Hence, the product finds significant use in chemical processing applications as well as the petroleum and oil & gas industry.

For instance, the Indian government has come out with new policy reforms, which makes drastic changes in the country’s Hydrocarbon Exploration Licensing Policy and the Open Acreage Licensing Policy in a bid to garner more domestic and foreign investment for exploration of oil and gas, which if successfully implemented could drive the demand for FEP tubes. According to a report by Global Market Insights, Inc., FEP tubes market from chemical processing application is estimated to register more than 6% over 2019-2025.

These materials are also commonly used in solar panel applications. Fluorinated ethylene propylene films serve as the perfect protective front sheet for solar panels due to their smooth, flexible and light-weight features. The material also makes sheets stronger, thereby improving the durability and life span of solar panels, while enhancing its looks as compared to traditional glass. The adoption of these glasses will be fueled by growing energy consumption and issues concerning energy-efficiency.

Increasing efforts to generate energy from renewable sources, stringent government regulations and the benefits pertaining to efficient energy use and affordability of solar panels will further propel the solar power industry. Recently, in an effort to become America’s leading rooftop solar company, automotive and energy giant Tesla, slashed prices of solar panels. Such moves will accelerate the adoption of solar energy, which will boost the demand for FEP films, thereby driving the global FEP market growth over 2019-2025.

Fluorinated ethylene propylene will continue to attract huge demand from numerous industries owing to its vast benefits. According to Global Market Insights, Inc., the fluorinated ethylene propylene market valuation is anticipated to reach $1.2 billion by 2025.

Author NameKrithika Krishnan

Non-Destructive Testing (NDT) Service Market to garner lucrative proceeds from ultrasonic inspection technology segment over 2019-2025, Europe to emerge as a leading terrain for industry expansion

Posted on

The commercialization potential of non-destructive testing (NDT) service market is set to witness renewed momentum owing to the evolving demands of the global industrial sector and the effect of digital transformation. These services are anticipated to reach a wider range of business verticals due to the rising number of disruptive innovations and the emergence of pathbreaking technologies such as AI and IoT.

U.S. Non-Destructive Testing (NDT) Service Market Revenue, By Method, 2018 & 2025
U.S. Non-Destructive Testing (NDT) Service Market Revenue, By Method, 2018 & 2025

Enhancements in the ultrasonic inspection technology to boost the remuneration scale of NDT service industry

Worldwide, assets of various business verticals are aging and the number of inspection regimes has witnessed an unprecedented uptick as safeguarding these assets is turning out to be a tough task. Invariably, the demand for agile inspection equipment has been intensifying lately. In this context, it is quite imperative to state that ultrasonic inspection testing is being regarded as one of the most prominent technology types among all the NDT services. Some recent developments associated with the improvement of the NDT services – utilizing high-end technologies and research – are set to not only enhance the productivity levels but also add stealth to the ultrasonic inspection testing. Enumerated below are a few major instances that are a testimony to the significant research activities and increasing product ingenuity:

  • Material testing services provider Element has recently launched a new testing lab spread across 20,700 square foot in Sheffield, United Kingdom. The new lab, which would be a prominent part of the undergoing industrial revolution in the region, will be situated close to Advanced Manufacturing Innovation District of Sheffield. It would be a center for excellence for NDT and inspection research and would prove advantageous to the consumers from the oil and gas and aviation sectors. Additionally, its location would ensure that it receives access to latest technical expertise and support, essentially propelling the growth prospects of NDT services market in the region.
  • Manufactured for a wide range of applications spanning from a flat plate to a tiny 50 mm diameter surface, Silverwing R-Scan is a new handheld portable B-Scan inspection system which aims to improve the probability of detection and data quality of ultrasonic inspections. Introduced by Eddyfi Technologies, the new NDT solution can be used to complete tank inspections where an automated and remote crawler such as the scropion2 system cannot be deployed. The registered information sets are displayed in a cross-sectional B-scan view that assists in improving in-service flaws, reveal corrosion, increasing speed, and the inspection quality. Remarkably, the addition of such agile, advanced, and portable inspection systems to the product range of ultrasonic inspection testing providers would boost the overall geographical reach of NDT service market.

Get a Sample Copy of this Report https://www.gminsights.com/request-sample/detail/3201

Europe to contribute massively toward strengthening the revenue profile of the global NDT service industry

Speaking of the growth of the NDT service industry in geographical terms, Europe held more than 30 percent of the revenue share of this business vertical in the year 2018. Presence of numerous well-known companies such as Bureau Veritas, SGS, and Intertek in the region has been a crucial factor in reaching out to a large customer base. In addition to this, stringent regulatory guidelines – rolled out by European Union along with various local governments – mandating the usage of NDT services to ensure product and employee safety has assisted the industry players to reach high potential growth areas.

Elaborating further on the leading position of Europe, it has also helped that the region’s aviation sector is on a roll with a clearance of a massive backlog of aircraft orders being concluded recently. To put things in perspective, prominent aircraft manufacturers such as Airbus and Boeing have a record backlog of more than 12,000 new aircraft that are to be manufactured by the year 2025, creating humongous growth opportunities for the Europe NDT service market in the forthcoming years.

Considering the humble beginnings of the NDT service industry, it is prudent to mention that drastic enhancements over the years have increased the usage of these services across numerous applications. This growth trajectory of the NDT service market is certain to continue in the coming years, as has been highlighted in the research report compiled by Global Market Insights, Inc. which claims that this business vertical would surpass a decent remuneration scale of about USD 4.5 billion by 2025.

Author NameSaif Ali Bepari

What are some of the essential driving forces for TIC services market outlook?

Posted on Updated on

Growing emphasis on consumer satisfaction and safety has proliferated testing, inspection, and certification (TIC) services market size as governments worldwide have implemented stringent quality regulations on almost every industry vertical. Whether it is construction, automobile, energy, healthcare or other segments, continuous advancement in products and components have necessitated upgraded testing and certification requirements.

What are the factors that will drive TIC services market trends over the forecast period?

Improvements in management, product quality, manufacturing processes, supply chains and service value have become imperative for the growth of any business, imposing the need for TIC services, which would eventually augment the industry outlook. Existence of recognized certifications such as ISO:9001 or ISO/TS 16949 make it easier for customers to search for companies that provide excellent product quality, better customer service and new, innovative solutions.

The global TIC services market share is anticipated to exceed USD 260 billion by 2025, driven by the obligation of companies towards meeting specific product requirements and to comply with international quality standards.

How will transportation application segment help propel the TIC services industry share?

Besides helping to control the quality, effective testing and inspection processes aid in minimizing rejections, reduce manufacturing costs and identify reasons for a defective output. The transportation segment, in general, constitutes a major part of the global manufacturing industry where thousands of components or auto parts go through daily quality checks.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/2318

As governments and international agencies are constantly raising the weight, material and other standards of automobile components to enhance the safety and efficiency of vehicles, the TIC services industry is subsequently gaining massive popularity. OEMs as well as small auto component vendors are striving to achieve high level of quality and get certified, to get documented and provide validity to their proficiencies and expertise.

Frequent inspection and evaluation of manufacturing processes by in-house or third party services to maintain a grip on the quality level will continually boost the TIC services market.

Will the life sciences segment help drive TIC services market outlook?

The TIC services market is rapidly witnessing demand from the healthcare and life sciences segment, with test and inspection reports of pharmaceutical equipment being critical in assessing whether the international standards are met. TIC companies are trying their best to evolve with technological developments and remain up-to-date with new regulations pertaining to safety and quality.

Products, apparatus and supply chains are subject to quality testing activities regularly, as pharmaceutical companies are responsible for providing vital therapeutic solutions. Even other parties involved in the supply chain must go through intense inspection by assigned representatives to be eligible to acquire critical certifications.

Author NamePankaj Singh

PESU-based sulfone polymers market to amass substantial proceeds over 2017-2024, global industry to surpass the 2-billion-dollar benchmark by 2024

Posted on Updated on

Sulfone polymers market size has been forecast to be fueled by the product’s diverse utilization range in various end-use domains, mainly because of the combination of its characteristics that make it highly heat resistant, mechanically tough, resilient to hydrolysis and transparent in high temperatures. Sulfone polymers find widespread usage across the automotive and aerospace industries, that require the application of thermally stable and light weight but tough plastic components. The growth of sulfone polymers industry can also be attributed to the product’s demand from the medical sector, owing to the fact that various polymers including polysulfone (PSU) and polyphenylsulphone (PPSU) have found varied usage in healthcare. It is noteworthy to mention that polyethersulfone (PESU) has contributed greatly to the growth of the sulfone polymers market in the pharmaceutical and biotechnology sectors, as it is a basic ingredient for filtration membranes.

Europe Sulfone Polymers Market Size, 2013 – 2024 (USD Million)
Europe Sulfone Polymers Market Size, 2013 – 2024 (USD Million)

The aerospace and automotive sectors, in recent times, have been moving away from using metals and leaning towards using engineering plastics to reduce weight and increase the fuel efficiency of aircrafts and vehicles. Sulfone polymers are widely used in these industries to manufacture vehicle and aircraft components that are highly creep resistant, register low mold shrinkage and remain stable at high temperatures. Automotive industry has a considerably huge share in the sulfone polymers market registering a CAGR close to 6% over 2017-2024. The application of sulfone polymers in aerospace industry has also been on a rise, as the demand for light but highly heat resistant material used to manufacture aircraft radomes, connectors and terminal blocks has been increasing lately. In consequence, this would have a commendable impact on sulfone polymers market share from the aerospace sector.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/1468

The field of medicine has been revolutionized by the use of engineering plastics, making patients’ lives safer and bringing about a dynamic change in the development of innovative medical devices, which in the years ahead, will commendably influence sulfone polymers industry share. In terms of volume, the medical field has made rather appreciable contributions toward the growth of sulfone polymers market, as plastics made of sulfone polymer have helped reduce medical costs, simplified pain management and prevented infections.

Among various sulfone polymers, polyethersulfone (PESU) has been forecast to register the fastest growth in sulfone polymers industry, given its numerous applications across myriad verticals. Polyethersulfone has gained popularity in sulfone polymers market for its specific features such as light weight, low smoke emission and high impact resistance. When reinforced with glass fiber, it creates a composite that exhibits high tensile elasticity and strength, while otherwise, the product is also used to manufacture filtration membranes that can be used to remove salmonella, mycoplasma and mammalian cells from liquids. Its widespread application spectrum has thus led analysts to forecast that polyethersulfone-based sulfone polymers industry share will register a CAGR of 6% over 2017-2024. Sulfone polymers have proven to be the most apt choice for the manufacturing of filtration membranes as they have excellent biocompatibility, outstanding hydrolytic stability and impressive mechanical properties. The deployment of sulfone membranes has found widespread usage in food processing, water treatment and gas separation as well, providing sulfone polymers industry with the much-needed stimulus.

Asia Pacific has been projected to witness the fastest growth in sulfone polymers market over the forthcoming seven years, driven by the growing automotive and aerospace industries in the emerging economies of China and India. The multibillion-dollar sulfone polymers market firm, Solvay has recently invested heavily in India to expand its plant capacity at Panoli.  Solvay alone has projected the increase of its global sulfone polymer production by 35% in the next 5 years, with significant investments in Asia and USA. Speaking of which, North America accounts for a major share in the production of leading medical instruments and automobiles. Driven by the demand for high performance engineering plastic in these industries, North America sulfone polymers market will witness a CAGR of 6.2% over 2017-2024.

Sulfone polymers market has taken a hit in the food and medical industry, as these products are derived from a combination of Bisphenol A (BPA) and disphenol. Scientific studies have shown that consumption of BPA has been deemed harmful to human lives and the environment. Therefore, some countries around the world have banned the use of polycarbonates in baby bottles. However, the FDA, CDC and WHO have all confirmed that low levels of BPA contamination is inconsequential to the human body, which may contribute toward eliminating some of the restraints in sulfone polymers market. The concern about BPA may affect consumer opinion about the presence of sulfone polymers in food containers and can liners. However, sulfone polymers market as an entity will remain unaffected and will continue to grow despite government regulations, as chemically stable and light weight engineering plastics obtained from sulfone polymers have been used to great advantage in the aerospace, medical, biotechnical and automotive industries.

Author Name : Paroma Bhattacharya

Carbon fibre composites market to gain massive proceeds via heavy product demand from the aerospace industry over 2017-2024

Posted on Updated on

Carbon fibre composites market is likely to carve out a successful growth path in the years to come, driven by the huge demand for these composites from the aerospace and automotive sectors. Carbon fibre composites are five times stronger than steel but only one third of its weight, making them viable candidates for building any structure that needs to be durable as well as lightweight. These composites are also used in robotics, defense instruments, race cars, aerospace vehicles, sports equipment and any other component that requires low weight combined with speed, thereby augmenting the already vast expanse of carbon fibre composites industry.

U.S. Carbon Fibre Composites Market, By End Use, 2016 & 2024, (USD Million)
U.S. Carbon Fibre Composites Market, By End Use, 2016 & 2024, (USD Million)

The growth in the aerospace domain is directly proportional to the carbon fibre market expansion, given the widespread use of carbon fibre composites in widebody aircrafts that has proven to be rather profitable in terms of revenue generation in commercial flights. In essence, the deployment of these composites has profoundly benefitted the airline manufacturing sector, since using these products in airplane bodies reduces fuel consumption as well as emissions, reduces maintenance costs, extends the lifespan of airplane parts, and brings down assembly and tooling costs. It also adds value to the passenger experience by damping engine noise and by creating favorable cabin atmosphere to prevent dehydration. It is estimated that carbon fibre composites will be used in the manufacturing of around 9,000 widebody aircrafts in the next 20 years, which is a direct growth indicator of carbon fibre composites market in the next few years. The demand for narrow-body aircrafts will also drive the carbon fibre composites industry, while simultaneously contributing toward making air travel more popular and affordable in the emerging economies of Asia and the Middle East.

The notion of reducing weight to achieve better fuel efficiency is expected to propel carbon fibre composites market from the automotive sector. Renowned automotive manufacturers like BMW have promptly taken note of the benefits of using carbon fibre composites in aircraft. BMW has also partnered with Boeing to tap into the latter’s expertise in carbon fibre composites usage and is gearing up to become the largest carbon fibre reinforced plastics manufacturer in the automotive industry. It has been often argued that carbon fibre composites are too expensive to be produced and profitably used in the automotive industry. However, customers fond of high-end automobiles, it is observed, are willing enough to pay for the extended price, that can be mainly attributed to the use of carbon composites in automobiles. In consequence, this would have a commendable impact on carbon fibre composites industry share from the automotive domain. It is also prudent to mention that the use of carbon fibres can reduce the cost of production down the line, thus offsetting the upfront material cost of the raw material, which would prove to further provide an impetus to carbon fibre composites industry size.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2180

North America and Europe, with their large aerospace and automobile industries will be the key regions massively driving the growth of the overall carbon fibre composites market. While North America is forecast to account for nearly 35% of the carbon fibre composites market share 2024, the presence of reputed automobile manufacturers in Italy and Germany will contribute to Europe carbon fibre composites market growth. Asia Pacific carbon fibre composites market on the other hand, will register a 12% growth over 2017-2024, driven by the fact that major manufacturers and suppliers of carbon fibre composites have their base established across countries like China, Japan and Taiwan.

Fluctuation in prices of raw material has been a major hindrance for the growth of the carbon fibre composite industry, though the expanding supply chain has stabilized the prices of raw materials in recent times. For instance, in 2005 the carbon fibre composites market was dominated only by 3 suppliers. But at present almost 20 competitors are vying for the top position, which affirms the profitable growth path carbon fibre composites industry has traversed until now.

High production cost and lack of recyclable qualities may also be attributed for a slight hindrance in the growth graph of carbon fibre composites market. But high production cost can be offset by the fact that carbon fibre composites are extremely resistant to corrosion related maintenance. For instance, Boeing 777 uses composite floor beams and in the last 10 years, none of the floor beams of the 565 commercial aircrafts required replacements. As the operational benefits of using carbon fibre composites are becoming more and more evident in aerospace, automotive and defense sectors, the growth path of the carbon fibre composites market is certain to depict a positive curve. As per estimates, carbon fibre composites industry size is expected to surpass USD 31 billion by 2024.

Author Name : Paroma Bhattacharya