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Law Enforcement Robots Market Size May Reach $5.7 Billion By 2022

  • The global law enforcement robots market was valued at nearly USD 1 billion in 2015. It is projected at USD 5.7 billion by 2022. Increasing terrorist activities will impel market growth over the forecast period (2016-2022).Scaling incomes and technological maturity will rapidly make these robots more affordable; further driving the market. The robots provide a level of protection to the human officers on duty to do their job remotely.

    Terrorist operate outside the national borders as well as within the country. This has increased the safety & security budget of every country; increasing the use of robots by local police force and military alike. Law enforcement robots aim to safeguard the lives of law enforcement officers in the field. Officers face dangerous situations on the field, risking their lives to safeguard civilians. These manned police (robots) are operated by the police on force. They replace officers in vulnerable situations.

    Next-generation law enforcement robots leverage sophisticated design, better material, tablet remote control, and software technology. These robots are implemented as platforms, used for accepting a range of components to repurpose units on the field. The robots are mobile automated process platforms, responsive to homeland security.

    Mobile security technology is revolutionizing old security cameras, allowing a proactive approach to security. These robots can survey the field, protecting humans from impending dangers. The robots are equipped with video cameras facilitating communication and visual. The market comprises applications and products.

    Applications, law enforcement robots respond to hostage taking, barricaded law breakers, surveillance, terrorists, bomb disposal, training, and natural disasters.

    For Market Research Report on “Global Law Enforcement Robots Market” Visit – http://www.radiantinsights.com/research/law-enforcement-robots-market

    Bomb squad robots require robots that are flexible and easy to maneuver. In addition to this they require a better technology. The robots can be modified to perform certain activities. Modular systems represent platform technology for the specific robot. The modules can be targeted to specific situations. Remote maneuvering empowers the law enforcement authorities with more functions and improves their performance.

    The robots are required by security personnel under dangerous situations. Specifically designed ground robots are used to tackle terrorism, aid fire department, and local law enforcement. They support the community and cities safety patrol. Systems of engagement apps enable specially designed ground robot networks to be used for fire department requirements to and cities safety patrol.

    On the basis of products the market is divided into bomb disposal unit, border patrol, and search and rescue robots (SAR), among others. Matilda is a low-cost investigation robot by Mesa Associates. The robot weighs 25 pounds and has rechargeable batteries that can last for nearly 6 to 10 hours. It comes with optional attachment like a detachable breaching mechanism and manipulator arm. Matilda can climb stairs at a 50° incline and can pan & tilt the camera. It also has an option cart which can carry nearly 500 pounds of equipment for the law enforcement team or food for hostages.

    Police use search and rescue (SAR) robots are used in rescue missions. For instance, unsafe damaged buildings after a disaster, where first responders are unable to enter. These robots are being developed for search & rescue situation, as global positioning system (GPS) and thermal imaging was added to arsenal accessible to robots. In situations where the officials and/or civilians are wounded but can’t be removed from the scene, SAR robots step in and rescue the victim. It uses its own bulk to protect the injured.

    Mitsubishi Next-generation, Google, Endeavour Robotics Kongsberg, and Robosoft are leading players of the law enforcement robots market.

    Global Law Enforcement Robots Market

    Information Source: Radiant Insights

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Cancer Immunotherapies Market To Be Valued At $112.1 Billion By 2022

  • The global cancer immunotherapies market is expected to reach value of USD 112.1 billion by 2022, growing at a CAGR close to 24% over the forecast period. It reportedly stood at USD 16.9 billion in 2015. It will enjoy good returns on account of various cancer-related diseases. These diseases include melanoma, ovarian cancer, breast cancer, and non-small cell lung cancer (NSCLC).

    Cancer immunotherapy (treatment) uses drugs to stimulate one’s own immune system to fight or defend against cancer cells. Many tumors exhibit antigens which can be identified by the immune system as cancerous. But some of these cells avoid detection and can grow within the body. This treatment is highly effective against these cancers & has low chances of recurrence. Its high efficiency is expected to drive the overall market demand.

    The worldwide cancer immunotherapies market is segmented on the basis of immunotherapy types, vaccines, end-users, and regions. Immunotherapy types comprise monoclonal antibodies (mAbs), immune checkpoint inhibitors, immunomodulators, and others. Others include interferons, cytokines, interleukins, and granulocyte macrophage-colony stimulating factor (GM-CSF).

    For Market Research Report on “Global Cancer Immunotherapies Market” Visit – http://www.radiantinsights.com/research/global-cancer-immunotherapies-market-to-2022

    mAbs had a large market share in 2014 on account of targeting specific tumor-associated antigens (TAA). Many mAbs drugs have been given U.S. FDA (Food & Drug Administration) approvals, which will encourage product growth over the forecast period. It will be a lucrative segment on account of continuous developments of over expressed antigens and combination antibodies. Immunomodulators are drugs which can regulate the immune system. They work in tandem with chemotherapy to fight repress cancer. 1-methyl-tryptophan is an immunomodulator which can kill 2,3 dioxygenase (IDO), a cell which causes T-cells to malfunction in the immune system.

    Vaccines encompass prevention and treatment vaccines. The former held a lion’s share of the global market in 2014 owing to the prevalence of various cancers. It will show rapid growth over the next eight years due to rising cancer cases & awareness regarding their treatment and diagnosis.

    Major market end-users are clinics, hospitals, cancer research institutes, and ambulatory surgery centers (ASCs). Hospitals will acquire huge market shares in 2016 due to the increasing use of immunotherapeutic drugs. They also encourage patients to participate in the clinical trials of the latest drugs. Thus, this sector will be lucrative for industry players to distribute their latest products.

    On the basis of regions, the cancer immunotherapies market is divided into North America, Latin America, Asia Pacific (APAC), Middle East & Africa (MEA), and Europe. North America led the worldwide market in 2014 on account of increasing death rates in the region. The geriatric populace and reimbursement plans which cover expensive cancer therapies have boosted market demand regionally.

    APAC will be the fastest growing market owing to the increased healthcare budgets of many developing countries. The ease of doing business in China and India has led to many manufacturers setting up base in the region.

    Key market players are AstraZeneca plc; Novartis AG; Bristol-Myers Squibb (BMS); and Amgen Inc. Collaborations and mergers are common strategies adopted by these players to expand their presence and expand their portfolio.

    AstraZeneca, a British-Swedish pharmaceutical company, had partnered with Celgene, an American biotechnology company in 2015 for a USD 450 million deal for its programmed cell death ligand 1 drug (“MEDI4736”). These drugs can be used for treating NSCLC, head, and neck cancer. This will allow AstraZeneca to successfully enter the blood cancer market. Outsourcing the research and development of drugs is another market strategy which allows these players to launch new products into the cancer immunotherapies market.

    Cancer Immunotherapies Market

    Information Source: Radiant Insights

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Anion Air Purifier Market To Gain From Enhanced Consumer Awareness Till 2021

  • The global anion air purifier market is expected good returns over the forecast period (2017-2021), according to a report on Radiant Insights, Inc. It is driven by consumer awareness regarding benefits of anion air purifiers as well as the harmful effects of indoor air pollutants. Growing urbanization in economies of China and India will pave new avenues for the market. But the refusal of major manufacturers to invest in this product can hamper market growth.

    Anion air purifiers dispel anions (or negative ions) to create a comfortable atmosphere. Anions which are released into the air contain a negative charge. They are attracted to positive ions dispelled by smoke particles. The union of these substances causes the smoke particles to fall to the ground due to the heavy weight. These particles can be cleaned with the help of a vacuum cleaner.

    The worldwide anion air purifier market is segmented according to applications and regions. Market applications include air conditioners, indoors, cars, refrigerators, and washing machines. Indoor and car applications together constitute for major market shares. Car pollutants originate from car engine, car seats, and other interiors. Need to eliminate air pollutants as well as a clean environment is driving this segment.

    For Market Research Report on “Global Anion Air Purifier Market” Visit – http://www.radiantinsights.com/research/global-anion-air-purifier-2021

    Regions encompass North America, Europe, China, India, Japan, and Southeast Asia. China and India together will lead the market over the forecast period on account of rising pollution levels. Deteriorating air quality in major Indian cities as well as disposable levels of consumers will ensure a steady market demand.

    China has reportedly high PM (particulate matter) levels between the range of 2.5 and 10. This is evident from the recent smog incidences and the sale of air purifiers. China exported nearly 9 million air purifiers to North America, Korea, Japan, and China itself.

    Europe could also be one of the lucrative regions for the global market. Its improving macroeconomic conditions and high pollution levels could be a major market contributor. Growing incidences of respiratory diseases caused by toxic air levels are growing annually. It had caused more than 400,000 deaths according to the European Environment Agency (EEA). North American market demand is driven primarily by U.S., Mexico, and Canada. The U.S. Government in particular, has used anion purifier to rid poultry farms of air pollutants. These purifiers have been known to reduce bacterial levels to 96% in hospitals. This resulted in increased healing rates of patients.

    Some major market players are Broad Group, Sharp Corporation, Vollara, Honeywell International, and Midea Group. Investing in R&D (research and development) to improve the current products is a core strategy incorporated by these players. Some innovations have even reached hair straighteners aimed at women, which release a steady stream of negative ions into the air while combing. This would result in cool and plushy hair.

    Sharp Corporation recently launched an anion air purifier for clean bathroom solutions. Dubbed as “Sharp Plasmacluster Ion Generator”, it activates based on motion and sprays the bathroom with fresh anions. Additionally, it also functions as a LED light bulb, functioning dual purposes at the same time.

    Another company, Honeywell International has decided to break into this niche segment. It has launched its latest purifier, “Honeywell HHT-145 HEPAClean Tower Air Purifier”, targeted at consumers living in densely polluted areas. The product can kill nearly 99% of the particles present in the air.

    Global Anion Air Purifier Market

    Information Source: Radiant Insights

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Augmented Reality (AR) Market Value To Reach 100.2 Billion By 2024

  • The Augmented Reality (AR) market is expected to be valued at USD 100.2 billion by 2024. The AR market is anticipated to experience a substantial growth on account of developments in sophisticated mobile software and hardware technologies. Various emerging trends like mounting convergence between AR, Internet of Things (IoT), and wearable devices, are projected to augment the demands over the forecast period (2016 to 2024).

    The convergence of these technologies is said to offer more interactive, as well as immersive, user experience. Augmented reality has been utilized effectively in advertising & PR initiatives for motion picture, television, and several other media promotional campaigns. Thus, the rising adoption of the AR technology by the entertainment segment is expected to boost the growth of the global market in near future.

    The global augmented reality (AR) market is categorized as component, display, application, and regions. The component segment comprises hardware & software. The software segment led the global market in the past. The growing penetration of tablets and smartphones are anticipated to boost the software segment growth. The segment is said to grow at a healthy CAGR of over 55 % during the forecast period. The rising demands for AR applications in retail, entertainment, and gaming sectors are also said to contribute towards the industry growth.

    For Market Research Report on “Global Augmented Reality (AR) Market” Visit – http://www.radiantinsights.com/research/augmented-reality-ar-market-shares

    The hardware segment is also projected to have a substantial growth with a CAGR of over 90 % by 2024. Various innovations in hardware, for instance, the advanced Head-Mounted Displays (HMDs) equipped with AR processors and the development of smart contact lenses, are anticipated to increase the growth prospects for the hardware segment.

    The display segment includes Smart Glass, Head-Up Display, and Head-Mounted Display (HMD). The HMD segment is said to lead the global augmented reality (AR) market with a CAGR of over 70 %from 2016 to 2024. This growth can be credited to the growing scope of applications across the medicine, military, scientific visualization, education, manufacturing, training, entertainment, and navigation sectors.

    The smart glass segment is also likely to have a considerable growth due to the rising adoption levels of smart glasses in the consumer section. Innovative advancements in smart glasses such as improved battery life, better FOV, and more miniaturization, are said to augment the segment demands.

    The application segment includes gaming, aerospace & defense, industrial, medical, e-Commerce & retail, and automotive. Automotive sectors expected to grow at CAGR of over 70 % over the forecast period owing to the rising adoption levels of AR across the automotive industry.

    The industrial segment contributed over 20 % of the overall revenue share in 2015 and is expected to experience a decent growth at a CAGR of over 70 % over the estimated years. The rising scope of applications in complex machinery, assembly, and maintenance is also likely to boost the expansion, which, in turn, will result in gaining substantial profits.

    The APAC augmented reality (AR) market is expected at over USD 44.3 billion by 2024. China is said to drive the APAC regional market growth due to the rising investment levels in AR devices & software. The European market is likely to grow at a CAGR of over 75 % during the forecast period. This is attributed to the growing investments from various economies such as the United Kingdom and Germany. Some of the major companies in the augmented reality (AR) market include Sony Corp.; Daqri LLC.; Microsoft Corp.; Apple Inc.; and Infinity Augmented Reality Inc.

    Global Augmented Reality (AR) Market

    Information Source: Radiant Insights

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Global and Chinese Vitamin B5 Market To Grow Exponentially

  • Expansion in the global and Chinese Vitamin B5 market can be attributed to the pivotal role of this vitamin in good health. The product maintains the health of nervous system, hair, skin, liver, and eyes. It converts carbohydrates to glucose to generate energy. It helps to consume fats & proteins. These are some of the key factors that drive market growth over the forecast period (2016-2024).

    Vitamin B5 reduces bad cholesterol & blood triglycerides. It plays a key role in the production of neurotransmitters & hormones. Moreover, B5 helps in processing other vitamins (especially B2), creating hormones & red blood cells and synthesizing cholesterol.

    Research has shown that consuming B5 supplements enhances wound healing and is immensely beneficial. Deficiency of this vitamin can lead to hypoglycemia, irritability, fatigue, muscle cramps, and paresthesia.

    For Market Research Report on “Global and Chinese Vitamin B5 Market” Visit - http://www.radiantinsights.com/research/2016-global-and-chinese-vitamin-b5-industry

    An adult requires nearly 5 mg of the product every day. This water-soluble vitamin is flushed out of the body through the urinary system. However, excessive intake of Vitamin B5 may cause diarrhea. Dexpanthenol is a derivative of pantothenic acid (another name for this product). It is often used in the form of nasal sprays & injected into muscles.

    Patients suffering from hemophilia and stomach blockage are discouraged from taking Vitamin B supplements. Hemophilia is a genetic disorder wherein blood does not clot properly. However, the consumption of these supplements extends the time needed for blood clotting, impeding market sales.

    The global and Chinese Vitamin B5 market is divided into foods, applications, and regions. ‘Pantothenic’ means ‘from everywhere’. As the name suggests, the product is naturally found in foods; such as kidney & liver meat. It is also present in other foods; like egg yolk, fish & shellfish, milk & dairy products, and vegetables & legumes. Commercial Vitamin B5 supplements are known as calcium pantothenate, dexpanthenol, and D-pantothenic.

    Cosmetics, hair care, soaps, skin care, and vitamin supplements constitute the industry applications. The product is used in night & anti-wrinkle creams. This helps moisturize the skin. The product also acts as an oxygen booster & antioxidant. Moreover, it improves skin health and is used in soaps. Pro vitamin B5 strengthens hair, making it shiny & healthy.

    Adequate intake of Vitamin B5 supports brain development, when given to children. The product works as an ‘anti-stress’ product. It supports adrenal glands and regulates the production of cortisones, which are the human body’s natural anti-inflammatory hormones. Vitamin B5 supplements also find applications in athletes. Moreover, they aid in the treatment of ADHD (attention deficit-hyperactivity disorder) and eye dryness & trauma.

    Regions in the global and China Vitamin B5 market are North America, Latin America, Europe, the Middle East & Africa (the MEA), and Asia Pacific. BASF; DAI-ICHI KOGYO SEIYAKU CO., LTD.; Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd.; and Shandong Xinfa Pharmaceutical Co., Ltd are some of the leading manufacturers of the global and Chinese industry.

    BASF’s concepts & products for product supplements cater to the daily requirements of people. Its hugely relevant pipeline caters to health & prevention and witnesses constant developments.

    Global and Chinese Vitamin B5 Market

    Information Source: Radiant Insights

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Global Social Media Messaging Market To Grow Exponentially Till 2024

  • The global social media messaging market is projected around USD 28 billion by 2024. Rising internet penetration should play a pivotal role in market growth over the forecast period (2016-2024). Advancements in mobile data networks, like 4G will provide better internet services, favoring the market.

    ’Social media messaging’ costs are relatively lower compared to conventional services (provided by mobile network companies). This is predicted to spur market sales. Governments worldwide monitor social media platforms to keep abreast with the latest events and curb unlawful activities. Similarly, messaging companies are expanding their designs to increase adoption. These factors can also further the market in the coming eight years.

    Smartphones have justified their name. Tablets and smartphones have replaced personal computers (PCs). Social networks provide a base of communication for people wanting to socialize and/or partake in e-commerce recommended by known sources. They serve as instant messaging services that help users to connect with their colleagues, family members, friends, and others. These platforms allow users to share news, trends, pictures, private information, etc.

    For Market Research Report on “Social Media Messaging Market” Visit - http://www.radiantinsights.com/research/social-media-messaging-market

    Herein, messages can be shared in multiple formats; such as videos, gifs, photographs, and texts. Different companies use social media messaging to make their brand more popular and advertise their products. These platforms provide gaming, payment, life-logging, & other services. They are the most extensively used application globally. The employment of online media messaging is primarily dependent on mobile app engagement.

    Facebook, an online media platform has immensely benefitted from the mobile frenzy due to its wide adoption. Facebook Messenger enables texting through smartphone data plan, bypassing the need to pay for individual text messages. However, false information and inappropriate content can affect the transparency of messaging platforms. Furthermore, lack of internet penetration and unavailability of technology in developing nations would inhibit industry growth.

    The social media messaging market is fragmented into messaging, platforms, age demographics, and regions. On the basis of messaging, the industry is divided into non-instant and instant. Platforms are bifurcated into mobile based and social media. Age demographics consist of 18 to 29, 30 to 49, and 50 years & above.

    Market regions encompass North America, Latin America, Europe, Middle East & Africa (MEA), and Asia Pacific. Europe and North America could exhibit substantial growth owing to regional adoption of social media platforms, high internet penetration, and high-speed mobile technologies.

    Tencent Holdings Limited is a China based company that owns ‘WeChat.’ It dominates the online media messaging industry in the country. Apart from chatting, this app is used for shopping. The app is available for Android and iOS smart phones, appealing to larger masses.

    Kakao Inc., a Korea based company launched ‘KakaoTalk’ app that is available on Android and iOS operation systems. KakaoTalk is catapulting user-engagement to a whole new level. It has gone beyond simple communication portals and morphed into a platform for taxi services, payments, media, e-commerce, & gaming.

    Accredited to their global presence, leading mobile messaging companies are evolving into key communication hubs. Major players in the worldwide social media messaging market comprise Facebook Inc., Twitter Inc., and Telegram Messenger LLP.

    Social Media Messaging Market

    Information Source: Radiant Insights

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Global Hydropower Market Expected To Grow At 4% CAGR

  • Dependency on fossil fuels for power generation has led to their depletion. This has propelled governmental initiatives on the adoption of renewable sources. One of the most reliable renewable sources & technology for generating power is hydropower. The worldwide hydropower market is predicted to have an installed capacity over 1, 760 GW (gigawatt) by 2024. It could register about 4.1 % CAGR during the forecast period (2016 to 2024).

    Hydropower does not emit poisonous waste or greenhouse gases (GHGs). A hydropower plant requires a dam and necessary equipment to generate power from flowing water. The water quantity is replenished by rains & snowfalls. Hydropower can be controlled through turbines by engineers. It is used by almost sixty countries across the globe. Hydropower accounts for around 20% of the renewable power worldwide. This figure should increase significantly till 2024.

    For Market Research Report on “Hydropower Market” Visit - http://www.grandviewresearch.com/industry-analysis/hydropower-industry

    The hydropower market will grow due to reduction in carbon footprints and creation of cost-effective electricity-production sources. As estimated by the ‘International Energy Agency,’ sustainable hydropower deployment could assist in clearing nearly one billion tons of yearly CO2 (carbon dioxide) emissions by 2050.

    The industry is additionally driven by the demand for power in China, India, and Brazil. This is evident from the installation of 32 turbines and completion of the third phase of the ‘Three Gorges Dam’ in China. Supportive policies and increasing funding programs in Canada and Italy are predicted to offer future opportunities.

    The hydropower market is split by applications and regions. Applications comprise industrial, commercial, and residential. Industrial accounted for nearly 45% shares in 2013. This was credited to rapid industrialization in China & India. The segment will attain an installed capacity of approximately 694.4 GW by 2020.

    Regions in the industry are North America, Europe, Asia Pacific (APAC), and RoW (Rest of the World). APAC is anticipated to reign till 2020, with China accounting for majority of the consumption. China was the largest producer in 2013. It had 24% shares that year. The country should witness the fastest growth (6.2%) during 2013 to 2020. It will have an installed capacity over 400 GW in 2020. Ongoing constructions of the Baihetan, Wudongde, and Xiangjiaba dams are expected to spur Asian Pacific sales.

    North America should grow lucratively in the eight years ahead. Supportive governmental regulations in the United States drive regional demand. Policies such as Small Conduit Hydropower Development and Rural Jobs Act and Hydropower Regulatory Efficiency Act can increase the nation’s capacity to generate hydropower. The global market will see future investments in South America, Asia, and Africa.

    Notable players in the worldwide hydropower market encompass GE Energy, China Three Gorges Corporation (CTGC), China Hydroelectric Corporation, and Sinohydro Corporation. Mergers & partnerships are followed by private companies. CTGC is close to signing an agreement with Nepal Electricity Authority (NEA) for manufacturing a hydropower plant. This plant would have a capacity of 750 MW (megawatt) & be located in the western Nepal.

    CTGC managed to acquire the operating rights of Ilha Solteira and Jupia stations in Brazil. This cemented its position as the second largest electricity producer in the nation. The said company is also looking to invest in hydropower projects in Mozambique and Angola to boost its geographic reach.

    Hydropower Market

    Information Source: Grand View Research

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Global Rare Earth Elements Market To Grow At 12.4% CAGR Till 2024

  • The global rare earth elements market is anticipated to grow at a CAGR over 12.4 % from 2016 to 2024 (forecast period). It should reach around USD 16 billion by 2024.Rare earth metals have numerous applications in advanced products; such as nuclear batteries, television sets, tablets, military warfare, superconductors, etc.

    Booming mobile devices have raised the demand for rechargeable batteries, thus pushing market sales. In addition, the demand for metal catalysts; like cerium (Ce) and lanthanum (La) is projected to propel the industry. The said catalysts find applications across industries comprising metallurgy, automobiles, and glass.

    For Market Research Report on “Rare Earth Elements Market” Visit -http://www.grandviewresearch.com/industry-analysis/rare-earth-elements-market

    Some factors; such as strict regulations, diminishing reserves, and complex extraction will pose challenges for industry players. Expansion in the automobile sector is predicted to further the demand for magnets, thus driving the market.

    However, the recycling of rare earth elements from waste may provide excellent opportunities to them. Despite the multiple applications of these elements, the market faces challenges in the form of decreasing resources & feedstock. Also, eco-hazards associated with mining have coerced several nations, like China to prohibit excessive mining to prevent resource-exploitations.

    The market is categorized into products, applications, and regions. Product segments include cerium, neodymium, praseodymium, lanthanum, yttrium, gadolinium, dysprosium, etc. Cerium led and accounted for significant shares in the past.

    Lanthanum was the second largest segment. Neodymium is one of the  essential rare earth elements and utilized in permanent magnets. The demand for permanent magnets has been rising fast, specifically in electronics and automobile industries.

    Applications encompass catalysts, magnets, polishing, glass, metallurgy, etc. Metallurgy and magnets were the biggest segments and jointly accounted for substantial shares. Metallurgy would experience the fastest growth till 2024 due to the adoption of lanthanum, neodymium, yttrium, and cerium; which are mainly added to enhance metals’ physical features.

    Geographically, the worldwide rare earth elements market is fragmented on the basis of Asia-Pacific, North America, Europe, and RoW. Asia-Pacific was the biggest market in 2013. It is estimated to register the highest growth with respect to consumption. Regional demand could be fueled by growing applications in China, India, South Korea, etc.; among which China has the biggest resources. Chinese monopoly in the market is expected to record a decline.

    Extractions and rapid urbanization across China also drive regional growth. The RoW consists of Latin America and the Middle East & Africa. It is anticipated to observe considerable expansion owing to its automotives & metallurgy industries. North America was the 2nd biggest customer base of the global market in 2013. It consumed more than 14 kilo tons the same year. However, this region can lose shares to the Middle East, Latin America, and Asia Pacific in the coming eight years.

    Some of the major companies with the worldwide rare earth elements market are Lynas Corporation Ltd.; Indian Rare Earths Ltd.; China Rare Earth Holdings Ltd.; and Great Western Mineral Group Ltd. China Rare Earth Holdings Ltd. and Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co were the biggest suppliers of rare earth elements and together occupied about 33% shares in 2013.

    Rare Earth Elements Market

    Information Source: Grand View Research

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Medical Sensors Market Size Expected To Reach $19 Billion By 2024

  • The worldwide medical sensors market is mainly propelled by the rising demand for these devices across diagnostic & therapeutic industries. It stood around USD 9.5 billion in 2015 and is likely to attain a size of nearly USD 19 billion by 2024. Analysts say that wider incidences of high-blood pressure, diabetes, & other chronic ailments are raising the adoption of therapeutic & monitoring instruments, thus furthering industry demand.

    Sensor devices record physiological parameters and caution doctors in case of major ‘vital-sign’ deviations. Also, market demand is witnessing a rise due to multiple applications of sensors in the identification & measurement of analytes & parameters. The sector of medical ‘Internet of Things’ is full of wearable devices and plays a key role in the medical sensors industry. The geriatric and chronically-ill populace undergoes regular examinations, thus driving the growth of sensors.

    For Market Research Report on “Medical Sensors Market” Visit – http://www.grandviewresearch.com/industry-analysis/medical-sensors-market

    Inactive lifestyles and unhealthy foods have led to obesity, diabetes, high cholesterol, and other lifestyle illnesses. This is estimated to promote market growth during the forecast period (2015 to 2024). Novel technologies with regards to portability, preciseness, and cost-efficiency linked with innovative sensors have also raised the adoption of these devices. The medical sensors market is split by applications, products, end-users, and regions.

    Therapeutics, diagnostics, surgical, and monitoring constitute the applications. Surgical is predicted to lead till 2024. Monitoring and therapeutics will grow profitably due to ‘sensor’ advancements that have made these devices special & reliable for measuring purposes. High-tech & easily operable monitoring devices are being developed, giving highly accurate results within no time.

    Industry products comprise temperature, pressure, flow, bio, image, & SQUID sensors and accelerometers. Biosensors are further divided on the basis of pregnancy, blood glucose, cholesterol, infectious illnesses, and drug discovery. Biosensors reigned in 2015 and are anticipated to expand further in the near future. Diagnostic kits have experienced broader adoption in view of diabetic incidences.

    End-users consist of physician chambers, hospitals, nursing centers, ambulatory care, and home healthcare. Hospitals occupied key shares in 2015 and were propelled by patient volumes and ample healthcare staff. Home healthcare would register lucrative gains in the forecast period because of high hospital expenditures. Cost-efficient diagnostic kits also drive this segment.

    Geographical segments of the medical sensors market are Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. North America captured significantly large shares in 2015. The same owed to its dominating ‘sensor manufacturers’, rising disposable earnings, and well-established medical reimbursements. Conversely, Asia Pacific is projected to be the most rapidly growing market from 2016 to 2024. Regional chronic disorders and financial conditions could account for the same.

    Its supportive regulatory proposals also drive regional growth. Unmet demands of the expanding target populace may pave the way for novel industry opportunities globally. Some of the key participants investing in the worldwide market include Avago Technologies Ltd.; Analog Devices, Inc.; Honeywell International Inc.; and Danaher Corporation. Collaborative endeavors and product advancements constitute the prime strategies employed by these companies to improve their global presence and widen their businesses.

    Medical Sensors Market

    Information Source: Grand View Research

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