Battery Energy Storage System Market market set to grow

The battery energy storage system market was valued at USD 747.61 Million in 2015 and is expected to grow at a CAGR of 37.0% between 2016 and 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the battery energy storage system market segmented on the basis of battery type, connection type, revenue source, ownership, application, and geography. The increasing demand for grid-connected solutions and growing electric vehicle market is expected to impact the market in the future.

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The ecosystem of the battery energy storage system market includes the raw material provider and component manufacturer, battery energy storage system manufacturers, system integrators, and distributors. The key players in the market include ABB Ltd. (Switzerland), AEG Power Solutions (The Netherland), General Electric Co. (U.S.), Hitachi ltd (Japan), LG Chem. (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Samsung SDI Co., ltd. (South Korea), Siemens AG (Germany), and Tesla Motors Ltd. (U.S.) among others.

The transportation sector expected to lead the battery energy storage system market

The growing implementation of batteries in battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) is expected to support the growth of the BESS market. The implementation of battery types such as lithium-ion, Nickel-cadmium (NiCd), Nickel-metal hydride (NiMh), Li-ion polymer is driving the transportation application of the battery energy storage system market. The lithium-ion batteries gain huge traction as they provide high energy and power density in terms of volume and high charge/discharge efficiency and are more lightweight than other batteries such as lead-acid batteries. These factors are supporting the growth of battery energy storage system in transportation sector.

The residential sector expected to grow at a high rate between 2016 and 2022

The market for battery energy storage system for the residential sector is expected to grow at a high CAGR between 2016 and 2022. The residential segment use battery energy storage systems to provide power to houses. The renewable energy such as wind and solar generates power intermittently with high variable output. The ability of BESS to store this energy during peak production is driving the mass adoption of renewable energy in residential and commercial applications. All these factors are expected to drive the residential sector supporting the growth of the battery energy storage system market.

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This research report categorizes the global battery energy storage system market on the basis of battery type, connection type, ownership, revenue source, application, and geography. This report describes the drivers, restraints, opportunities, and challenges with respect to the battery energy storage system market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the battery energy storage system market. Brief information on the research methodology implemented for the report can be found in the report description provided on the website.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Laser Processing Market, 2016–2022

The laser processing market is estimated to grow from USD 6.40 Billion in 2015 to USD 9.75 Billion by 2022, at a CAGR of 6.13% from 2016 to 2022. The report aims at estimating the size and future growth potential of the laser processing market across different segments such as type, application, vertical, and region. The base year considered for the study is 2015 and the market size has been projected from 2016 to 2022. With the rise in adoption of laser processing systems in the machine tools, microelectronics, medical, and automotive sectors, solid, gas, and liquid lasers are expected to play a key role in propelling the growth of the laser processing market in the next five years.

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The research methodology used to estimate and forecast the laser processing market begins with capturing data on key market player revenues through the secondary research. The market player offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global laser processing market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through the primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is shown in the following figure.

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The laser processing ecosystem comprises several key market players such as Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), ROFIN-SINAR Technologies Inc. (U.S.), Trumpf Group (Germany), Newport Corporation (U.S.), Jenoptik AG (Germany), and Lumentum Holdings Inc. (U.S.) among many others. These companies develop or use the laser processing systems and provide solutions to end users, catering to their unique requirements. The end users are from a wide range of verticals, including machine tools, microelectronics, medical & life sciences, architecture, automotive, and many others.

Key Target Audience

• Technology providers
• Laser processing system providers
• Research organizations and consulting companies
• Associations, organizations, and forums related to laser processing
• Venture capitalists and private equity firms
• Startup companies

Scope of the Report

The research report segments the laser processing market to following submarkets:

By Type:

• Solid laser
• Gas laser
• Liquid laser
• Other lasers

By Application

• Cutting
• Welding
• Drilling
• Marking & engraving
• Microprocessing
• Advanced P\processing

By Vertical:

• Machine tools
• Microelectronics
• Medical & life sciences
• Automotive
• Aerospace & defense
• Architecture
• Others

By Region:

• North America
• Europe
• Asia-Pacific (APAC)
• Middle East and Africa (MEA)
• South America

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Airport Lighting Expected to Be the Largest Market by 2021

The airport lighting market is projected to grow from USD 454.5 Million in 2015 to USD 672.2 Million by 2021, at a CAGR of 7.2% during the forecast period. Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.

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The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.

Objectives of the Report

• To define, describe, and forecast the airport lighting market on the basis of type, position, technology, and geography
• To analyze the degree of competition in the market by identifying various parameters, including key market players
• To identify and analyze the key drivers, restraints, opportunities, and challenges, influencing the airport lighting market
• To analyze the demand side and supply side indicators and provide a factor analysis for the airport lighting market
• To forecast the market size of segments with respect to various regions, which include North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW)
• To identify and illustrate political, economic, social, and technological factors influencing the airport lighting  market
• To strategically profile key market players and comprehensively analyze their market share and core competencies
• To track and analyze competitive developments such as contracts, joint ventures, mergers & acquisitions, and new product developments in the airport lighting market

Target Audience for this Report

• Airport Lighting Manufacturers
• Original Equipment Manufacturers
• Sub-component Manufacturers
• Technology Support Providers

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report:

Airport Lighting Market, By Type

• Runway Lighting Systems
• Taxiway Lighting Systems
• Apron Lighting Systems

Airport Lighting Market, By Position

• In-Pavement/Inset Lights
• Elevated Lights
• Precision Approach Path Indicator

Airport Lighting Market, By Geography

• North America
• Europe
• Asia-Pacific
• Middle East
• Rest of the World

Available Customizations

• Along with the market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:
• Geographic Analysis
• Further breakdown of the RoW airport lighting market
• Company Information
• Detailed analysis and profiling of additional market players (up to five)

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Some Key Factors Expected to Drive The Global Mixed Reality Market !!!

The mixed reality market was valued at USD 48.1 Million in 2016 and is expected to reach USD 453.4 Million by 2020, at a CAGR of 75.2% during the forecast period. The penetration of head-mounted display devices in the gaming, sports, and entertainment space; evolution of hardware and software components for reality technologies; and increase in internet connectivity are the major factors driving the mixed reality market.

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The objectives of the study are as follows:

• Define, describe, and forecast the mixed reality market by component, application, device, and geography
• Provide market statistics with detailed classification, along with the respective market size
• Strategically analyze the micro markets with respect to individual growth trends, prospects, and contribution to the total market
• Provide detailed information regarding key factors influencing the growth of the market (drivers, restraints, opportunities, and winning imperatives)
• Forecast the size of the market segments with respect to four main geographies (along with countries), namely North America, Europe, Asia Pacific, and Rest of the World
• Analyze opportunities in the market for stakeholders and detail the competitive landscape for market players
• Strategically profile the key players operating in this market and comprehensively analyze their market ranking and core competency
• Track and analyze competitive developments such as joint ventures, mergers and acquisitions, product launches, and research and developments activities in the mixed reality market
• Map the competitive intelligence based on the company profile, strategy of key players, and game-changing developments—such as product development, collaboration, and acquisition

The value chain of the mixed reality market includes original manufacturers for head-mounted displays, wearable device manufacturers, and distributors. Major companies that are part of the value chain include Atheer, Inc. (US), Canon, Inc. (Japan), DAQRI LLC (US), Eon Reality, Inc. (US), Layar B.V. (Netherlands), Magic Leap, Inc. (US), Meta Company (US), Microsoft Corporation (US), Seiko Epson Corporation (Japan), and Sulon Technologies (Canada).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Growth and Opportunities: Ammunition Market

The global ammunition market is projected to grow from USD 18.08 Billion in 2016 to USD 21.98 Billion by 2021, at a CAGR of 3.98% from 2016 to 2021. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

Factors such geopolitical tensions, territorial conflicts, and political unrest in various countries across the globe are expected to drive the growth of the global ammunition market during the forecast period.

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The defense application segment is projected to lead the global ammunition market during the forecast period, 2016 to 2021.

The defense application segment is projected to lead the global ammunition market during the forecast period, 2016 to 2021. Increased presence of defense forces across the globe, along with growing number of conflicts in several parts of the world including North Africa, the Middle East, and Latin America, is the factors expected to drive the growth of the defense application segment of the global ammunition market during the forecast period.

The small caliber ammunition segment of the global ammunition market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021.

The small caliber segment of the global ammunition market is projected to grow at the highest CAGR during the forecast period, owing to increased usage of small caliber ammunition by civilians and homeland security personnel due to their less lethality. Moreover, open online marketplaces for small arms and ammunition also act as major factors contributing towards the growth of the small caliber ammunition segment of the global ammunition market during the forecast period.

The Middle East ammunition market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021.

The Middle East ammunition market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. There has been a significant increase in military expenditures in the Middle East region in the recent years. As a result, industries related to military products have been witnessing significant growth in the region. Over the past decades, production of arms has also increased in the Middle East region, thereby becoming a major business for the key countries of the region.

Key players in the global ammunition market include Orbital ATK Inc. (U.S.), Olin Corporation (U.S.), General Dynamics Corporation (U.S.), BAE Systems (U.K.), Remington Arms Company, LLC (U.S.), and Nammo AS (Norway), among others.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Vision 2022 Technological Evolution : Lithium Ion Battery Market

The lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022.
Factors that are driving the growth of the market include increase in demand for electric vehicle (EV), strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.

The major players involved in the lithium ion battery market are LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (South Korea), BYD Co. Ltd. (China), BAK Group (China), A123 Systems, LLC. (U.S.), GS Yuasa Corporation (Japan), Hitachi, Ltd. (Japan), Johnson Controls Inc. (U.S.), Saft Groupe S.A. (France), Toshiba Corporation (Japan), and Valence Technology Inc. (U.S.).

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The research methodology used to estimate and forecast the market begins with capturing data on revenue of the key vendors through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the lithium ion battery market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives.

Key Target Audience

• Automotive consultants
• Consumer electronics manufacturers
• Lithium ion battery distributors and providers
• Lithium ion battery manufacturing companies
• Research organizations and consulting companies
• Smart grid integrators
• Technology investors
• Technology standard organizations, forums, alliances, and associations

 “This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

This research report categorizes the lithium ion battery market on the basis of type, power capacity, industry, and geography.

Lithium Ion Battery Market, by Type:

• Lithium Nickel Manganese Cobalt (LI-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminium Oxide (NCA)

Lithium Ion Battery Market, by Power Capacity:

• 0 to 3000mAh
• 3000mAh to 10000mAh
• 10000mAh to 60000mAh
• More than 60000mAh

Lithium Ion Battery Market, by Industry:

• Aerospace and Defense
• Automotive
• Consumer Electronics
• Industrial
• Marine
• Medical
• Power

Lithium Ion Battery Market, by Geography:

• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five)

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Markets and Markets
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Galley Equipment Market (Analysis) worth 6.36 Billion USD by 2020

The report "Galley Equipment Market by Fit (Line Fit, Retro Fit), by Galley Type (Single Aisle, Twin Aisle, Business Aviation), by Galley Inserts (Electric Inserts and Non-Electric Inserts), by Application (Aviation, Marine), by Geography - Global Forecast 2020", is projected to reach USD 6.36 Billion by 2020, at a CAGR of 4.21%. A number of factors, such as increasing demand for ship and aircraft, rise in demand for lightweight galley equipment, demand for galley customization as per customer’s preferences, and increase in demand for modular galleys are expected to drive the growth of the galley equipment market.

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On the basis of type, the galley equipment market has been segmented into single-aisle, twin-aisle, and business general aviation. The single-aisle segment is projected to grow at the fastest CAGR during the forecast period of 2015 to 2020, primarily driven by growing demand for single-aisle aircraft across the globe.

The market for galley equipment has been segmented based on application into aviation and marine. The marine segment dominates the studied market, and is expected to continue its dominance over the next five years, primarily driven by increasing number of marine shipments across the globe. Countries such as Russia, U.S., Japan, China and U.K. are spending huge amount on developing their naval forces. This spending includes addition of new marine vehicles. Increasing government spending on development of naval forces is further expected to drive the galley equipment application in the defense sector.

The APAC region is expected to exhibit the highest growth rate in the galley equipment market during the forecast period from 2015 to 2020. The region has been witnessing strong growth in aviation and maritime industry over the past few years, mainly driven by increasing demand for new aircraft deliveries and increasing marine fleet in the region, which is expected to boost the galley equipment market. This growth can also be attributed to the increase in government spending in developing naval forces, increasing disposable of the population in emerging countries, such as India and China.

Factors such as delay in shipment deliveries may lead to order cancellation of aircraft and the increasing demand for low cost carriers may inhibit the growth of the galley equipment market.

Key players in the galley equipment market include B/E Aerospace (U.S.), Zodiac Aerospace (France), JAMCO Corporation (Japan), and Diehl Stiftung & Co. KG (Germany), and Meili Marine (U.S.), among others. The strategy of supply contracts and agreements accounted for a major share of the total growth strategies adopted by the leading players in the galley equipment market. For instance, Jamco had signed an agreement of Memorandum of Understanding (MoU) with Panasonic Corp. to enhance and promote innovation in product design and functionality for aircraft products, such as seats, galleys and lavatories.

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About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
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Battery Management System Market - Industry Analysis, Size, Share, Growth Global Trend and Forecast to 2022

According to the new market research report "Battery Management System Market by Battery Type (Lithium-Ion, Advanced Lead-Acid, Flow Battery, & Nickle Battery), Component, Topology (Centralized, Modular, Distributed), Application, and Geography - Global Trend and Forecast to 2022", the battery management system market is expected to reach USD 7.25 billion by 2022, at a CAGR of 20.5% between 2016 and 2022. The increasing integration of battery management systems in consumer electronics and renewable energy systems among other applications is the major driver for the battery management system market.

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The battery management system for lithium-ion–based battery leads the battery management system market since lithium-ion–based battery is popular in various application industries owing to its high energy and power density, light weight, and low standby losses. The high energy density lithium-ion battery requires battery management systems for its efficient operation and management in these applications. Moreover, the current price reduction of the li-ion battery and its growing adoption in applications such as electric vehicle, UPS, telecommunication, renewable energy system, and other applications is expected to drive the market in the near future.

The battery management system market for modular topology is expected to grow at a high CAGR during the forecast period. Most of the manufactures prefer modular topology as it offers a good computational power and is also safe as it does not require extensive wire harnesses. The modular topology is also suitable for a range of applications such as in energy storage systems, industrial UPS, medical mobility vehicle, parts of electric vehicles, and drones among others. The increasing demand for modular topology from these applications is expected to drive the market at the highest rate during the forecast period.

North America held the largest share of the battery management system market in 2015, while the market in Asia-Pacific is expected to grow at a high rate during the forecast period and lead the BMS market by 2022. The high growth of the Asia-Pacific region is attributed to the presence of a number of leading portable devices manufacturers and the demand for battery management from countries such as China and Japan owing to the increasing adoption of electric vehicles in these countries.

One of the key restraining factors for companies operating in this industry is the lack of standards for developing battery management systems as most of the products available in the market vary in terms of technical specifications, functions, and applications. This makes difficult to compare the performance of two battery management systems, which creates a demand for concrete standards to be developed.

In the battery management system market, Johnson Matthey Plc. (U.K.) is a major player which holds a leading position in sustainable technologies as well as specialty chemical technology. The company has a strong presence in the battery management system market and offers battery management system with modular architecture, using its own battery management electronics. The company’s BMS is designed for application in electric vehicles as well as hybrid electric vehicles.

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About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
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Acoustic Wave Sensor Market expected to be worth 868.3 Million USD by 2023

According to the new market research report "Acoustic Wave Sensor Market by Type (Surface Acoustic Wave, Bulk Acoustic Wave), Device (Resonator, Delay Line), Sensing Parameter (Temperature, Pressure, Humidity), Vertical (Military, Automotive, Industrial) and Geography - Global Forecast to 2023", the acoustic wave sensor market was valued at USD 422.8 Million in 2016 and is expected to reach USD 868.3 Million by 2023, at a CAGR of 10.7% between 2017 and 2023.

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Browse 62 Market Data Tables and 38 Figures spread through 139 Pages and in-depth TOC on "Acoustic Wave Sensor Market - Global Forecast to 2023"
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The acoustic wave sensor market is driven by factors such as the growing adoption of acoustic wave sensors by various industries and the increasing demand for acoustic wave sensors for security and surveillance in verticals such as industrial, automotive, military, and healthcare.

Resonator expected to hold largest size of market based on device during forecast period

The resonator segment is anticipated to hold the largest share in the acoustic wave sensor market. Surface acoustic wave (SAW) resonators are independent of the mass of the piezoelectric substrate and, therefore, are suitable for high-frequency applications. The vibrations generated in SAW resonators are mechanical and are not affected by the fluctuations in electricity supply or peripheral circuit voltage, which is the primary factor contributing to the growth of the market.

 

Automotive expected to hold largest size of market based on vertical by 2023

The automotive vertical is anticipated to hold the largest share of the acoustic wave sensor market. The microelectromechanical sensor (MEMS) technology is an example for automotive applications such as pressure sensing in tire-pressure monitoring system (TPMS), emission control sensors, torque sensors, and inertia sensors.

Market for torque sensing expected to grow at highest CAGR between 2017 and 2023

The acoustic wave sensor market for the torque sensing parameter is expected to grow at the highest CAGR during the forecast period. Growing trend toward electrical power steering and condition-based maintenance in vehicles is the main factor contributing to the high growth of the market for the torque sensing parameter in automobiles.

 

Market in APAC anticipated to grow at highest CAGR between 2017 and 2023

APAC is one of the largest manufacturing hubs in the world for the automobiles, and the growing integration of acoustic wave sensor systems in automobile applications is likely to boost the acoustic wave sensor market in this region. This market is expected to grow at the highest pace during the forecast period. Major players involved in the acoustic wave sensor market include Althen GmbH Mess- und Sensortechnik (Germany), Vectron International Inc. (US), Qualtre Inc. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany), Transense Technologies plc (UK), Sensor Technology Ltd. (US), Pro-micron GmbH & Co. KG (Germany), Hawk Measurement Systems (Australia), and H. Heinz Meßwiderstände GmbH (Germany).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Power Electronics Market worth 41.73 Billion USD by 2022

According to the new market research report on the "Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022", this market is expected to be valued at USD 41.73 billion by 2022, at a CAGR of 2.4% between 2016 and 2022. The major factors driving the growth of the power electronics market include increasing demand for energy-efficient battery-powered portable devices, rising trend of energy harvesting technologies, enhancement of power infrastructure, and the growing focus toward using renewable power sources.

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This report segments the market on the basis of material, device type, vertical, and geography. The market for silicon accounted for the largest share of the power electronics market based on material in 2015. This growth could be attributed to the applicability of silicon in various power electronics devices and products.

The power integrated circuits (IC) is expected to witness a significant growth during the forecast period. Power ICs are widely used for high-frequency range, high power amplification, and microwave radiation applications. Growth of the power ICs market in the industrial, ICT, aerospace and defense verticals is driven by various high-power and high-frequency applications such as radio frequency (RF), high-frequency wireless communication, radio detection and ranging (RADAR), satellite communication, and electronic warfare among others.

The power vertical accounted for the largest share of the power electronics market in 2015. Power electronics-based solutions are replacing the traditional electricity generation, transmission, and distribution systems at an increasing rate, which in turn is acting as a driving factor for the growth of this vertical.

Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast period in the power electronics market. This growth can be attributed to the increasing demand for consumer goods and energy requirements in emerging economies such as China and India. The APAC region has emerged as a strong manufacturing hub with leading manufacturers of consumer goods increasing their manufacturing activities in this region.

The report also profiles the most promising players in the power electronics market. The competitive landscape of this market presents an interesting picture where a large number of big and small players have become a force to reckon with. The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Important Factors Of Integrated Bridge Systems & It's Scopes

The report "Integrated Bridge Systems Market by Platform (Commercial Ships, Naval Warships), Component (Small Ship IBS, Medium Ship IBS, Large Ship IBS), Size (Small Ships, Medium Ships, Large Ships), Module, Software Providers, Region - Global Forecast to 2021", The Integrated Bridge Systems(IBS) market is estimated to be valued at USD 5.08 Billion in 2016 and is projected to reach USD 5.60 Billion by 2021, at a CAGR of 1.97% from 2016 to 2021.

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Objectives of the Study:

The objectives of this study are, to analyze the integrated bridge systems market, along with statistics from 2016 to 2021, as well as to define, describe, and forecast the integrated bridge systems market on the basis of platform (commercial ships and naval warships), size (small ships, medium ships, and large ships), and components (small ship integrated bridge system components, medium ship integrated bridge system components, large ship integrated bridge system components). These segments and subsegments are mapped across major regions, namely, Asia–Pacific, North America, Europe, and the rest of the world.

The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the integrated bridge systems market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the integrated bridge systems market.

The report also covers competitive developments such as, long-term contracts, joint ventures, mergers, new product launches and developments, and research & development activities in the integrated bridge systems market, in addition to business and corporate strategies adopted by the key market players.

The key players profiled in the integrated bridge systems market report include, Northrop Grumman Sperry Marine (U.K.), Raytheon Anschutz (Germany), FURUNO Electric Shokai Ltd. (Japan), Transas (Ireland), and L-3 Communications Mapps Inc. (Canada), among others.

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The integrated bridge systems market is divided into four geographic areas namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).  The integrated bridge systems market is led by the Asia-Pacific region, predominantly by China. The shipbuilding industry within the Asia-Pacific region is on the rise, and the key players in the region, such as Korea, China, and Japan are making advances in their technological competencies so as to capture a greater market share of the commercial maritime industry.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Industrial Valves Market projected to be worth 84 .30 Billion USD by 2023

According to the new market research report on the "Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023", this market is expected to be valued at USD 84.30 Billion by 2023, at a CAGR of 3.60% between 2017 and 2023. The major factors driving the growth of the industrial valves market include growing demand of valves from oil & gas production-related facilities in the GCC countries, rising demand for energy in APAC, and increasing focus on smart cities in developing nations.

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The objective of the report is to provide a detailed analysis of the market based on material type, valve type, size, industry, and region; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, the objective of this report is to strategically profile the key players and competitive landscape for market players, and provide information on product launches, acquisitions, partnerships, agreements, contracts, and collaborations in the industrial valves market.

The research methodology used to estimate and forecast the size of the industrial valves market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation.

The bottom-up procedure has been employed to arrive at the overall market size for industrial valves from the revenue of the key players. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The analysis of the market includes extensive primary research to gather information, verify, and validate critical conclusions arrived at after an extensive secondary research.

The ecosystem for industrial valves comprises manufacturers such as AVK Holding (Denmark), Avcon Controls Private Limited (India), Cameron – Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and The Weir Group Plc. (UK).

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The target audience for the report includes:

• Raw material and material testing equipment suppliers
• Industrial valve integrated device manufacturers (IDMs)
• Industrial valve technology platform developers
• Industrial valve original design manufacturers (ODMs)
•  Industrial valve original equipment manufacturers (OEMs)
•  Distributors and traders
•  Research organizations
• Organizations, forums, alliances, and associations related to industrial valves

“The study answers several questions raised by the stakeholders, primarily which market segments to focus on in the next two to eight years for prioritizing efforts and investments.”

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Electronic Warfare (EW) Market projected to be worth 25.36 Billion USD by 2021

The report "Electronic Warfare (EW) Market by Category (ES, SIGINT, ELINT, COMINT, EA, Jamming, Deception, EP), Product (Directed Energy, Jammers, Radar Warning Reciever, DIRCM, Antennas, Decoy), Platform, Technology, Portable, and Region - Global Forecast to 2021", growing at a CAGR of 4.29% during the forecast period.

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There are several factors that are expected to drive the demand of the EW systems. These factors include the growing number of wars and transnational disputes, emergence of cognitive electronic warfare technology, increased system reliability and efficiency due to the introduction of TWT (travelling-wave tube)-based solutions, and advancements due to integrated EW systems. The

Research Methodology:

Key players in the EW market have been identified through secondary research and their market shares have been determined through both primary and secondary researches. These include a study of annual and financial reports of the top players and extensive interviews of key industry personnel.

All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to procure the final quantitative and qualitative data. This data has been consolidated, added with detailed inputs and analyzed by MarketsandMarkets, and presented in this report.

EW market has been analyzed on the basis of category, platform, product, technology, and portable EW systems. The report provides a competitive landscape for key players in the market with an explicit focus on their product offerings, key financials, and growth strategies adopted by them to sustain their market position.

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In 2015, the electronic warfare market was dominated by BAE Systems Plc. (U.K.), The Raytheon Company (U.S.), Thales Group (France), Lockheed Martin Corporation (U.S.), and Saab AB (Sweden).

The report segments and analyzes the electronic warfare market on the basis of electronic warfare category (Electronic Support, Electronic Warfare, and Electronic Protection), Platform (Air, Land, Naval, and Unmanned), Product (Directed Energy, Integrated Suits, Jammers, Radar Warning Receivers, DIRCM, Antennas, and Airborne Decoys) and maps these segments across six major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Global Riflescope Market worth 6.87 Billion USD by 2022

The market is estimated to grow from USD 5.36 Billion in 2016 to USD 6.87 Billion in 2022, at a CAGR of 4.24% during the forecast period. Increase in the growth of the market size can be attributed to the rise in popularity of hunting activity in North America and Europe. This report forecasts the riflescope market and its dynamics over the next six years, while also recognizing market application gaps, recent developments in the market, and high potential countries. The objectives of the report are to study the factors influencing the market, map major industry players and competitor landscaping. The year 2015 has been considered as the base year and the forecast period is from 2016 to 2022.

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Based on sight type, the telescopic segment is projected to lead the riflescope market during the forecast period

For precision applications such as hunting or sniping, iron sights have been replaced by telescopic sights. Telescopic sights provides better vision and help shooters aim better at the target. Precision in attack is expected to drive the riflescope market for telescopic sight type.

Based on technology, the thermal imaging/infrared segment of the riflescope market is estimated to grow at the highest CAGR during the forecast period

Riflescopes with the thermal imaging/infrared technology are increasingly finding applications in Armed Forces, owing to their utility in night missions. Animal hunters who hunt at night also use thermal imaging/infrared riflescopes. Owing to these factors, the thermal imaging/infrared segment is estimated to grow at the highest CAGR during the forecast period.

The Europe riflescope market is expected to grow at the highest CAGR during the forecast period

Europe is estimated to lead the riflescope market during the forecast period, owing to the increase in popularity of animal hunting activities, soldier modernization programs, and shooting sports. North America is estimated to be the second-largest market for riflescopes.

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Bushnell (U.S.), Leupold & Stevens Inc. (U.S.), and Burris Optics (U.S.) are some of the key players in the riflescope market

The major challenge for system manufacturers is high cost. The major players in the riflescope market are Bushnell (U.S.), Leupold & Stevens Inc. (U.S.), and Burris Optics (U.S.). This report provides detailed information and forecasts the riflescope market from 2016 to 2022. The riflescope market has been segmented on the basis of application, sight type, technology, and region.  On the basis of application, the Armed Forces segment is estimated to grow at the highest CAGR during the forecast period. Based on application, the hunting segment is estimated to lead the riflescope market during the forecast period. On the basis of technology, the riflescope market has been segmented into electro optic, thermal imaging/infrared, and laser. The thermal imaging/infrared segment is projected to grow at the highest CAGR during the forecast period.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
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Vein Illuminator Market (227.2 Million USD by 2022 ) Analysis Global forecast to 2022

The vein illuminator market was valued at USD 32.2 Million in 2015 and is expected to reach USD 227.2 Million by 2022 at a CAGR of 32.41% between 2016 and 2022. The base year for analysis in this report is considered as 2015 and the forecast period is between 2016 and 2022.

The market is segmented on the basis of technology, application, end users, and geography. The demand in hospitals is expected to drive the market growth in all the regions, namely, North America, Europe, APAC, and RoW. The North American market is expected to hold the largest share and grow at the highest CAGR between 2016 and 2022. The near infrared illumination (NIR) technology is expected to drive the market owing to its ability to deeply penetrate the biological tissue up to 3 mm deep, which makes it possible to clearly visualize the twisted and curved vessels.

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Hospitals to drive the growth of the vein illuminator market

Vein illuminator devices have a number of applications in end users such as hospitals, rehabilitation centers, academic institutions, blood donation camps, and others. Hospitals are expected to hold the largest share of the vein illuminator market because of the various applications of blood draw and IV access that demand success in the first attempt of pricking to reduce patient discomfort and ensure greater patient satisfaction level. The vein illuminator market for hospitals is expected to grow at the highest CAGR between 2016 and 2022

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North America to hold the largest share of the market

This report covers the vein illuminator market based on four geographic regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is expected to hold the largest market share during the forecast period because of the increasing aging population and pediatric applications. According to the U.S. Census Bureau projection, the population of Americans over the age of 65 is expected to increase by 36% till 2020. This is the segment of the population with the greatest medical needs, including vascular access. As these numbers increase, so does the demand for physician services, which drives the growth of the vein illuminator market.

The major vendors in the vein illuminator market include AccuVein Inc. (U.S.), Christie Medical Holdings, Inc. (U.S.), TransLite LLC. (U.S.), Venoscope LLC. (U.S.), Sharn Anesthesia (U.S.), VueTek Scientific (U.S.), InfraRed Imaging Systems (U.S.), ZD Medical Inc. (U.S.), Cambridge Medical (Asia) Private Limited(Singapore), and Near Infrared Imaging Inc. (U.S.).

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The scope of the report covers detailed information regarding the major factors influencing the growth of the vein illuminator market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key players has been done to provide insights into their business overview, products & services, key strategies, new product launches, agreements, and recent developments associated with the vein illuminator market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com