Digital Radio Frequency Memory Market estimated to be worth 1,222.2 Million USD by 2022

The Digital Radio Frequency Memory (DRFM) market is projected to grow from USD 613.9 Million in 2016 to USD 1,222.2 Million by 2022, at a CAGR of 12.16% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.

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Objectives of the Study:

The report analyzes the Digital Radio Frequency Memory (DRFM) market on the basis of application (electronic warfare, radar test & evaluation, electronic warfare training, and radio & cellular network jamming), platform (defense and commercial & civil), and architecture (processor, modulator, converter, memory, and others), as well as maps these segments and subsegments across major regions worldwide, namely, North America, Europe, Asia-Pacific, and rest of the world.

The report provides in-depth market intelligence regarding the Digital Radio Frequency Memory (DRFM) market dynamics and major factors that influence the growth of the market such as 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 DRFM 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 Digital Radio Frequency Memory (DRFM) market, in addition to business and corporate strategies adopted by key players.

The ecosystem of the Digital Radio Frequency Memory (DRFM) market comprises manufacturers, distributors, and end users. Key end users of digital radio frequency memory systems are the defense and commercial & civil sectors. Major DRFM system providers that include Airbus Group (France), Northrop Grumman Corporation (U.S.), Raytheon Company (U.S.), BAE Systems plc (U.K.), Elbit Systems Ltd. (Israel), Thales Group (France), Leonardo S.p.A. (Italy), Curtiss-Wright Corporation (U.S.), Israel Aerospace Industries (Israel), and Rohde & Schwarz (Germany) are offering advanced technology systems, products, and services. 

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These players are adopting strategies such as agreements & partnerships, new product developments, contracts, and business expansions to strengthen their positions in the Digital Radio Frequency Memory (DRFM) market.

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Industrial Valves Market estimated to have great revenue in coming years

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 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.”

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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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Thermoelectric Modules Market worth 890.6 Million USD by 2023

According to the new market research report "Thermoelectric Modules Market by Technology (Single Stage, and Multi Stage), Type (Bulk Thermoelectric, Micro Thermoelectric, and Thin Film Thermoelectric), Functionality, Offering, End–Use Application, and Region - Global Forecast to 2023", The thermoelectric modules market is expected to grow from USD 527.5 Million in 2017 and is expected to reach USD 890.6 Million by 2023, at a CAGR of 9.12% between 2017 and 2023. The demand for thermoelectric modules is mainly driven by its superior advantages such as precise temperature control, compact geometric size, reliable solid state operations, lower power consumption, rapid temperature cycling, fully reversible switch in polarity, integrated design, and rapid response time. 

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Browse 62 Market Data Tables and 33 Figures spread through 157 Pages and in-depth TOC on "Thermoelectric Modules Market"
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Hardware offering expected to lead the thermoelectric modules market

The hardware offering is expected to hold the largest share of the market between 2017 and 2023. This growth is attributed to the increasing usage of various hardware components for thermoelectric modules such as heat sink, heat dissipation component, thermoelectric element, ceramic substrate, electrical interconnect, and heat absorption. Moreover, hardware is expected to account for a larger share of the overall thermoelectric modules market compared with the software and services offering during the forecast period.

Thermoelectric modules market for the deep cooling modules is expected to grow at a higher CAGR between 2017 and 2023

The increasing use of deep cooling modules in the medical and laboratories application such as in vaccine storages, air-conditioning, medical services, food preservation, and cooling of electronic devices is the key reason for the growth of these modules. Moreover, these modules are used in other applications such as air conditioners, IR (radiative) cooling, biomedical, emergency power sources, mini-refrigerators lasers, transitional care units (TCUs), photodiodes, waste heat recovery, chillers, cold plates, wine cabinets, sensors, and remote sensor power.

Asia Pacific held the largest share of the thermoelectric modules market in 2016

Asia Pacific (APAC) held the largest share of the market in 2016. The largest share of APAC is attributed to the fact that a maximum number of manufacturers have their headquarters in this region. The other factors attributing to this growth are low manufacturing costs because of low overhead costs and cheap labor, and increasing demand for thermoelectric modules (across diverse applications) and waste heat recovery, industrial automation, and healthcare monitoring devices, as well as growing industrialization. Moreover, with the use of thermoelectric modules, higher efficiency levels and energy harvesting can be achieved in APAC.

Some of the major players in the thermoelectric modules market are Ferrotec (Japan), Laird (UK), II-VI Marlow (US), Crystal Ltd. (Russia), and RMT Ltd (Russia).

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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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Geographic Information System (GIS) Market Study & Analysis - Global Forecast to 2023

Geographic information system (GIS) is a structured collection of hardware, software, and geographic data. GIS is designed to capture, store, analyze, and display all forms of geospatial data. GIS is widely used in construction, transportation, and utilities. However, the integration of geospatial solutions with various technologies has broadened the application areas of GIS. The overall analysis of the market consists of evaluating various components, function, end user, and geography. On the basis of component, the market is categorized into hardware and software. Hardware has been further subsegmented into total stations, GIS data collectors, GNSS/GPS antennas, LIDAR, and imaging sensors. Further, on the basis of function, the market is segmented into mapping, surveying, telematics and navigation, and location-based services.

The market is expected to be worth USD 10.12 billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023. The market is mainly led by software component. The market is highly competitive with the presence of several big and small market players. Product launches and developments, partnerships, agreements, contracts, collaborations, and acquisitions are some of the major strategies adopted by the players to grow in the GIS market.

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As of 2016, Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), General Electric Co. (US), Pitney Bowes Inc. (US),  and Autodesk, Inc. (US) were the major players in the software market. These companies operate globally and provide comprehensive software and services. They rely on their R&D capabilities and product innovations to gain more market share.  

Environmental Systems Research Institute, Inc. (Esri) (US) ranked first in the GIS software market in 2016. The company has a diversified portfolio of GIS software and Geodata services. The core strengths of the company include comprehensive offerings, strong financial performance, global strategic alliances, and a strong customer base. The company primarily focuses on product launches and developments to offer technically advanced solutions to its customers. It has launched several new products in FY2016, with a focus on product enhancement and on the development of advanced geospatial technologies. The company operates as a core GIS solution provider, catering to a number of industries. In addition, it focuses on inorganic growth strategies to develop its capabilities to serve the distinct markets worldwide efficiently. For instance, in 2017, Esri partnered with Leica Geosystems AG (Switzerland) to provide state and federal government with GIS and global positioning system (GPS) technologies for real-time data collection.

Hexagon AB ranked second in the software market in 2016. The company offers a diversified range of geographic information software for surveying, construction, public safety, natural resources, transport and public service, and defense industries. Intergraph Corp. (US), a wholly-owned subsidiary of Hexagon offers software and services in the GIS market. Owing to its technological innovative capability, the company can offer diversified and innovative products for major industries, thereby driving the competitiveness in the market. The company invested USD 390 million in R&D to develop and launch innovative geospatial technology for new products and strengthen its position in the market. For instance, in 2016, the company launched M.App Enterprise that enables organizations to provide and share their own information services to address their location-based challenges.

The other players in the software market include Bentley Systems Incorporated (US),  Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Limited (Cadcorp) (UK), Geosoft Inc. (Canada), Golden Software LLC (US), SuperMap Software Co., Ltd. (China), Harris Corporation (US), AmigoCloud Inc. (US), Manifold Software Limited (Hong Kong), Maptoss Technologies Pvt. Ltd. (India), and Takor Group Ltd. (Australia).

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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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Unmanned Systems Fiber Reinforced Polymer Market projected to be worth $7.76 Billion by 2020

The Unmanned Systems Fiber Reinforced Polymer Market is estimated to be valued at $5.22 billion in 2015 and is projected to register a CAGR of 8.26% to reach $7.76 billion by 2020.

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The report segments the market on the basis of material type, platform, and region. It also discusses the material matrices and sub-segments of the platforms that constitute the whole unmanned systems. Further, it comprises the market projection and technological trends that are predominant in this market.

The Unmanned Systems Fiber Reinforced Polymer Market in this report is divided into five major regions, namely, North America, Europe, Asia-Pacific, The Middle & Africa, and Latin America. It is estimated that the market will be valued at $5.22 billion in 2014; North America is projected to have the largest market with 36.94% share, followed by Europe with 34.81%, and APAC with 14.46%.

Major players in market include Hexcel Corporations (U.S.) Royal TenCate N.V. (The Netherlands), Toray Industries (Japan), Owens Corning Corporation (U.S.), Cytec Industries (U.S.), and Teijin Limited (Japan).

The growth of the Unmanned Systems Fiber Reinforced Polymer Market has been primarily driven by the rising need for the lightweight unmanned systems, along with the highly improved performance of the unmanned systems using composite materials. The increased reliability and durability along with major properties such as stiffness and lightweight has increased the use of these materials in the manufacturing of unmanned systems.

The rise in research, procurement, and use of unmanned systems such UAVs, UUVs and UGVs over the past decade has seen significant advances in these systems with respect to the payloads and structure. Due to this, there has been a notified increase in the procurement of composite materials for manufacturing steadier and reliable unmanned systems.

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The growing demand for unmanned systems in the commercial sector has led to market opportunities for composite materials across the world. The carbon fibers and carbon fiber reinforced polymers (CFRPs) are the major materials used for the manufacturing for unmanned systems along with some proportion of glass fiber reinforced polymers (GFRPs), boron fiber reinforced polymers (BFRPs), and aramid fiber reinforced polymers (AFRPs).

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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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Surveying Satellite Bus Market for Growth Opportunities

“Increasing focus on reducing mission cost, advanced mechanics, ease of assembly and launch, mass production, and advanced technological development in satellite bus components are expected to drive the satellite bus market” 

This report provides an analysis of the satellite bus market over the next five years. It discusses industry and technological trends currently prevailing in the market. The report analyses factors driving and restraining the growth, as well as challenges faced by the satellite bus market. 

The satellite bus market is estimated at USD 10.21 billion in 2017 and is projected to reach USD 13.64 billion by 2022, at a CAGR of 5.97% during the forecast period. Key factors such as increasing focus on reducing mission cost, satellite miniaturization, and rise in demand for earth observation related activities are expected to fuel the growth of the satellite bus market.

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The satellite bus market in North America is expected to witness the highest growth during the forecast period, due to increasing participation of private players in satellite bus development and rising demand for satellites for use in earth observation related applications.

Technological advancements in the satellite industry have positively impacted the different verticals of the industry, such as the bus market, antenna market, and payload market. Key players in this market such as Orbital ATK, Inc. (US), Lockheed Martin Corporation (US), Thales Alenia Space (France), Airbus Group (Netherlands), and China Academy of Space Technology (China), among others are expected to benefit from technological advancements and cater end users effectively. 

Also, recent innovations have enabled the production of low-cost bus systems that are lightweight and have low-vibrations. Advanced electric power generation and energy storage technology has enabled the upgradation of electric power components that are now more efficient due to the use of triple-junction, lightweight solar cells, and high energy lithium-ion batteries. Government organizations and private agencies are also investing to a high extent for the development and manufacture of advanced and efficient buses.

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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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Inertial Navigation System (INS) Market | Study and Desing Stratergy for Grwoth

The inertial navigation system market report provides an analysis of the market from 2017 to 2022. It discusses industry and technology trends that are currently prevailing in the inertial navigation system market, along with the drivers, restraints, challenges, and opportunities in the market. The inertial navigation system market is projected to grow from an estimated USD 9.54 billion in 2017 to USD 12.26 billion by 2022, at a CAGR of 5.15% during the forecast period.

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The increase in aircraft orders is one of the key factors driving the inertial navigation system market. Emerging markets in the Asia Pacific and Latin American regions are expected to witness an increase in demand for aircraft during the forecast period. This growth can be attributed to factors, such as rise in passenger traffic across the globe due to increase in disposable incomes of the middle-class population in emerging economies. Due to the rapid growth in the procurement of aircraft, the demand for inertial navigation systems is expected to increase.

Technological advancements in MEMS-based INS have resulted in its increased applicability in unmanned aerial vehicles and small aircraft. The new quartz-based MEMS are smaller in size and less expensive as compared to conventional navigation systems. Furthermore, owing to its small size, MEMS can be mounted directly on a Printed Circuit Board (PCB), thereby facilitating seamless integration.

North America is expected to lead the inertial navigation system market during the forecast period, due to the growth in the aviation industry in the region and the presence of major aircraft OEMs such as Lockheed Martin (US), Bombardier (Canada), Boeing (US), and Bell Helicopter (US).

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Based on grade, navigation grade INS is estimated to lead the inertial navigation system market in 2017. The growth in the navigation grade segment of the inertial navigation system market can be attributed to the increase in the number of aircraft in the commercial aviation sector. Based on technology, the MEMS INS segment is projected to grow at the highest CAGR during the forecast period. MEMS INS are smaller, lightweight, and easily installed and can effectively eliminate problems caused by structural and acoustic vibrations as compared to other INS.

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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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Temperature Sensors Market | Get Detailed Study & Analysis

The temperature sensors market was valued at USD 4.99 Billion in 2016 and is expected to reach USD 6.86 Billion by 2023, at a CAGR of 4.5% between 2017 and 2023. The major factors driving the growth of this market include increasing demand for advanced and portable healthcare equipment, growing automotive industry, and increasing trend of home and building automation.

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This report segments the temperature sensors market on the basis of product type, end-use application, and geography. The chemicals and petrochemicals industries are likely to hold major shares of the temperature sensors market for process end-use applications by 2023. Temperature sensors are used in applications such as gas flow indicators, liquid level indicators, commercial vending machines, pipeline and temperature monitoring, and welding equipment. With the highly mature oil market and stiff competition amongst players, there is an increasing demand for lean manufacturing and process optimization, which can only be achieved by replacing obsolete technologies. The replacement demand for temperature sensors will drive the market for these applications.

The temperature sensors market for HVAC is expected to grow at a high rate between 2017 and 2023. This market growth can be attributed to the rising trend of home and building automation. Temperature sensor is one of the vital components of HVAC systems; it helps to control and monitor temperature and in increasing the efficiency of HVAC systems. Thermocouples and temperature sensor ICs are commonly used HVAC systems because of their wide compatibility and robustness.

Thermocouples accounted for the largest market size among all the temperature sensor products owing to their wide applications across process and non-process industries. Low cost and broad operating range make thermocouples an ideal choice for a majority of applications. Additionally, thermocouples are being used to generate electricity. The advance applications of thermocouples as a temperature sensing component also include aviation systems.

The market for temperature sensor ICs expected to grow at a significant rate between 2017 and 2023. This market growth can be attributed to the increasing demand for consumer goods and the rising trend of healthcare and fitness products. Accuracy, compact size, and low power consumption are a few properties that make the use of temperature sensor ICs feasible in various applications. ICs that are capable of integrating with ASIC are the new trend in temperature sensors market; development of such products can provide players with a competitive advantage over their competitors.

The temperature sensors market for the energy & power industry is expected to grow at a high rate between 2017 and 2023. This market growth can be attributed to the rapidly growing population and increasing demand for energy and power in emerging economies such as China, India, and Brazil.

Saturation in personal computers (PCs) has significantly impacted the temperature sensors market. Temperature sensors are used in personal computers to measure the temperature of CPUs, motherboards, and power management systems. The reduction in sales of PCs because of increasing popularity of tablets and mobile phones is impacting the growth of the temperature sensors market adversely.

The key players in this market are ABB Limited (Switzerland), Analog Devices Inc. (US), Emerson Electric Corporation (US), Maxim Integrated Products Inc. (US), Siemens (Germany), TE Connectivity (Switzerland), and Texas instruments Inc. (US)

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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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Riflescope Market Growth Factors | Study & Analysis

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.

The key end users of the market are civilians and Armed Forces. Key manufacturers in the riflescope market are Bushnell Optics (U.S.), Leupold & Stevens (U.S.), Burris Optics (U.S.), Vortex Optics (U.S.), and Nikon Optics (U.S.).


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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.

Riflescope Market worth 6.87 Billion USD by 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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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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Acoustic Wave Sensor Market Study - Global Forecast to 2023

The acoustic wave sensor market is expected to be worth USD 868.3 Million by 2023, at a CAGR of 10.7% between 2017 and 2023. The growth of this market is propelled by the high demand for SAW-based temperature sensors from various verticals.

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The industrial vertical held the largest share of the acoustic wave sensor market in 2016 as it involves the largest use of sensors. The automotive vertical held the second-largest market share in 2016. This dominance is attributed to the use of acoustic wave sensors for the security and surveillance applications in these verticals. For instance, pressure sensors are built into tires of cars to wirelessly transmit the pressure data to the driver of the vehicle. This helps prevent accidents caused by tire burst by warning the driver about low tire pressure.

The resonators segment held the largest size of the acoustic wave sensor market in 2016. The resonators are not altered by fluctuations in source and circuit voltage. Therefore, they are suitable for the applications such as automotive keyless entry and tire pressure monitoring.

The temperature sensing parameter holds the largest share of the  acoustic wave sensor market. The resonators are not altered by fluctuations in source and circuit voltage. The acoustic wave sensors for temperature sensing are used for critical applications such as monitoring rotating machine components and combustion chambers in the industrial and automotive verticals.

North America dominated the overall acoustic wave sensor market in 2016. Technological advancements, low manufacturing costs, and wireless and passive nature of the products are the major factors propelling the demand for the acoustic wave sensors in this region. The automotive vertical is a major contributor to the growth of the acoustic wave sensor market in North America in terms of market size. The use of acoustic wave sensors in the military segment is a major factor boosting the growth of the market in the region. The US military runs laboratories to provide superior technologies to its militants. The market in APAC is expected to grow at the highest CAGR to surpass the market in North America by 2023.

The technical issues associated with energy consumption and sensitivity is one of the major challenges witnessed by the acoustic wave sensor market. Devices based on metal-oxide-semiconductor technology consume more power than the electrochemical devices. Gas sensors face difficulty with the maintenance of a high level of sensitivity to detect different gases under high humidity conditions. Various sensors have different sensitivities, and their functionalities are specific for particular atmospheric conditions.

Market players such as Althen GmbH Mess- und Sensortechnik (Germany), Vectron International Inc. (US), Qualtre Inc. (US), SENSeOR SAS (France), NanoTemper Technologies GmbH (Germany), and Transense Technologies plc (UK) are focusing on product launches and developments, mergers, acquisitions, and collaborations to enhance their product offerings and expand their business.

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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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Global Airport Lighting Market Update

This report provides a market analysis of the airport lighting market over the next five years. It discusses industry and technology trends that currently prevail in the market. It analyses factors that drive and restrain the growth of this market, and challenges faced by this market. The global airport lighting market is projected to grow from USD 473.7 million in 2016 to USD 672.2 million by 2021, at a CAGR of 7.2% during the forecast period. Some of the key drivers influencing the growth of this market include rise in air traffic and increasing focus towards reducing energy consumption.

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The global airport lighting market has been segmented on the basis of type, position, and technology. Based on type, the market has been segmented into runway lighting systems, taxiway lighting systems, and apron lighting systems. On the basis of position, the market has been classified into in-pavement/inset lights, elevated lights, and PAPI. With respect to technology, the market has been categorized into LED and non-LED.

The runway lighting systems segment is expected to dominate the airport lighting market, segmented based on position. This segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the expansion in airport infrastructure and increasing focus on controlling maintenance costs.  

The Asia-Pacific (APAC) region is expected to exhibit the highest growth rate in the airport lighting market during the forecast period. This growth is mainly attributed to the increase in government spending for airport infrastructure development and upcoming new airports. 

Honeywell International, Inc. (U.S.): One of the key players in the airport lighting market

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.

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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Inside View: Battery Energy Storage System Market

The growth of the market is driven by the increasing demand for grid connected solutions, growing electric vehicle market, high requirement of lithium-ion batteries in various applications, and government support.

The battery energy storage system market is expected to grow at a CAGR of 37.0% between 2016 and 2022 and is expected to reach USD 6.81 Billion by 2022.

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The battery energy storage system market on the basis of battery type is segmented into advanced-lead acid batteries, flow batteries, lithium-ion batteries, and sodium-sulfur (NAS) batteries among others. 

The lithium-ion batteries (LIBs) are currently used in a majority of BEVs and PHEVs, and it is likely that they would continue to lead throughout the next decade. Furthermore, the increasing advancement in flow batteries which are considered safer than lithium-ion batteries are expected to support the growth of battery energy storage system. 

The flow batteries can resist greater temperatures and periods of idleness, which makes them suitable for storing and releasing renewable energy such as that from solar panels and wind turbines. The most popular flow batteries include vanadium redox flow battery and hybrid flow batteries which include zinc-bromine, zinc-cerium, and lead-acid among others. 

These factors are driving the growth of the market for battery energy storage system based on the flow battery technology.

The APAC region offers potential growth opportunities as there is a rise in the adoption of battery energy storage system owing to the attractive residential sector. Some of the major battery energy storage system developers located in Asia-Pacific are Samsung SDI (South Korea), LG Chem. (South Korea), Hitachi ltd (Japan), Panasonic Corporation (Japan), and NEC Corporation (Japan).

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The requirement of high investment acts as major restraining factor for the battery energy storage system market. In the market, LG Chem Ltd. is considered to be a leading provider of lithium-ion batteries. It offers products mainly for the battery segment. LG Chem. has won the world’s highest amount of second round order contracts for its automotive battery business. It continuously focuses on expanding its customer base in the energy storage battery business by winning large energy grid projects in North America and Europe. The company has a wide product portfolio that covers segments such as petrochemical, battery, and information & electric materials. The company holds a good position in the APAC region and is focusing on catering to other big potential markets such as Europe and North America.

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:
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Markets and Markets
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Battery Management System Market Study (Research)

The battery management system market was valued at USD 1.98 Billion in 2015 and is expected to reach USD 7.25 Billion by 2022, at a CAGR of 20.5% between 2016 and 2022. The growth of this market is propelled by the rapidly growing need for battery management system given the increasing number of vehicles that require charging such as electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid vehicles (PHV). These vehicles consist of series-connected battery packs which require extensive monitoring. Hence, battery management systems act as a crucial component in these vehicles for supervising and guaranteeing reliable and safe battery operations.

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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.

Major players in this market include Johnson Matthey Plc. (U.K.), Lithium Balance A/S (Denmark), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), Intersil Corporation (U.S.), Linear Technology Corp (U.S.), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (U.S.), Elithion, Inc. (U.S.), Vecture Inc. (Canada), and Ventec SAS (France).

This research report categorizes the global battery management system market on the basis of battery types, components, topologies, applications, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the battery management system market. The Porter’s five forces analysis has also been included in the report with a description of each of its forces and its respective impact on the position sensor 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

Satellite Bus Market: A Billion Doller Industry by 2022

The satellite bus market was USD 9.28 Billion in 2016 and is projected to reach USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

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Objective of the Study:

The objective of this study is to analyze the satellite bus market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the satellite bus market and map the segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and RoW. On the basis of satellite size, the satellite bus market has been segmented into small (1-500kg), medium (501-2,500kg) and large (>2,500kg). On the basis of subsystem, the satellite bus market has been segmented into structures & mechanisms, thermal control, electric power system, attitude control system, propulsion, Telemetry Tracking and Command (TT&C), and flight software. On the basis of application, the market has been segmented into earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation.

The report provides in-depth market intelligence regarding the market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the satellite bus market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the satellite bus 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 satellite bus market, in addition to business and corporate strategies adopted by key market players.

Key players: 

The ecosystem of the satellite bus market comprises satellite bus and component manufacturers, suppliers, and technology support providers, such as Airbus Defense and Space SAS (France), Boeing (US), Thales Group (France), Lockheed Martin Corporation (US), and Mitsubishi Electric Corporation (Japan), among others. These companies offer advanced technology systems, products, and services. They also provide a broad range of management, engineering, technical, communications, and information service capabilities.

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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.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com