LeapZipBlog: Steve Blade

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Basalt Fibers as an Alternative to Steel Reinforcements Empowers Basalt Fibers Market Growth

March 11, 2019 by Steve Blade  

The burden of regulations for the automotive manufacturers to reduce the vehicle weight has triggered the demand for basalt fibers by nearly 7% during the past four years, explains Fact.MR. The stringent regulations prevailing in the automotive industry regarding the reduction of vehicle weight to reduce emissions has positively impacted the demand for basalt fibers. Moreover, composites made of basalt fiers are being widely used in the aerospace industry for fuel efficiency. The additional properties of fire protection have led to a rise in the demand from the fire protection clothing segment.

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Attributed to superior properties as compared to other glass and carbon fiber and steel reinforcements, there has been a constant rise in the demand for basalt fibers. Only 1/10th of basalt fibers is required as a reinforcing material to obtain the same strength as steel. Basalt fibers also exhibit good mechanical strength, chemical and thermal resistance, and are also economically priced as compared to carbon fibers.

Basalt fibers have exhibited better mechanical strength, chemical and thermal resistance, insulation and other properties. There has been an increase in the use of basalt fibers as an alternative to steel reinforcements owing to a number of properties such as corrosion resistance and light-weight, which allows mounting without the use of lifting or any other specialized equipment. Basalt fibers also outperform e-glass fiber in composites used for construction. In all the forms i.e. roving, chopped strands, fabrics, etc. basalt fibers have witnessed higher breaking load capacity and better durability and stiffness.

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However, there are a few challenges with respect to the production of basalt fibers. For instance, the quality and exact chemical composition of the basalt rock required for the formation of basalt fibers is available at only specific locations in Eastern Europe. Therefore, though the raw material is available at cheap cost, it has to be imported. Moreover, the initial set up and equipment cost are quite high and require capital investment, thus posing a major challenge for the manufacturers.

On the basis of end-use industry, sales of the basalt fibers are likely to remain concentrated for the building and construction industry where it is widely used as a replacement to the conventional steel and other carbon and fiber-based reinforcements. Automotive and aerospace segments in the basalt fibers market are also projected to expand significantly over the forecast period.

To remain at the forefront of the competition, leading market players in the Basalt fibers market are focusing on long-term partnerships with composites manufacturers, and expanding their regional market footprint. The report highlights some of the leading companies operating in the global basalt fibers market such as TECHNOBASALT-INVEST LLC, Sudaglass Fiber Technology, Kamenny Vek, Zhejiang GBF Basalt fibers Co., Ltd (GBF), Mafic SA, JiangSu Tianlong Continuous Basalt fibers Co.Ltd, Shanxi Basalt Fibre Technology Co., Ltd, Isomatex SA.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Air Flow Sensors Market: China Remains dominate Region  

March 11, 2019 by Steve Blade  

 Use of airflow sensors in building automation projects, especially as a component in HVAC systems are positioned to create plethora of white spaces for air flow sensor manufacturers. China along with ASEAN and South Asian countries to captivate global air flow sensor industry stakeholders.

Fact.MR delivers key insights on the Airflow Sensors Market in its report titled ‘Airflow Sensors Market Forecast, Trend Analysis & Competition Tracking- Global Review 2017 to 2026.’ The long-term outlook on the global Airflow Sensors market will remain positive, with the market value expected to increase at a CAGR of 3.6% during the forecast period.

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In the report, average volume per year from airflow sensors has been expressed in volume (‘000 Units). According to end use industry, the building automation segment is expected to register healthy growth during the forecast period, with companies focusing on developing integrated solutions as per the demand from various countries. Based on output type, the analog segment is expected to witness a significant CAGR, in terms of volume and value, during the forecast period.

On the basis of output type, the global Air flow sensors market is segmented into digital and analog air flow sensors. Among them, analog type air flow sensors market accounted for 63.2% share in 2017 in terms of value. On the basis of flow range, Upto 50 segment of the market is expected to account for 49.9% share in 2017 in term of value.

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On the basis of end-use, the global Air flow sensors market is segmented into automotive, aerospace, healthcare, food & beverage, chemical, building automation and other industrial segments. The building automation segment of the air flow sensors market is expected to account for sizable share in the overall air flow sensors market by the end of the forecast period owing to increasing demand of HVAC (heating, ventilating, and air conditioning) systems in developing and developed countries.

China Air flow sensors market accounted for a value share of 21.8% in 2017 and is forecast to maintain its dominance in the global Air flow sensors market over the forecast period and the Europe Air flow sensors market is projected to represent significant incremental opportunity between 2018 and 2026. The North America Air flow sensors market, on the other hand, is estimated to expand at a significant CAGR in terms of value and volume over the forecast period. Sales of Air flow sensors in Japan is projected to represent total incremental opportunity of US$ 54.2 Mn between 2018 and 2026 while the MEA Air flow sensors market is projected to expand at a moderate CAGR, in terms of value, over the forecast period.

Some of the key market participants included in the Global Airflow Sensors market report are TE Connectivity, Honeywell International Inc., DENSO CORPORATION, First Sensor AG, Delphi Technologies, HELLA GmbH & Co. KGaA , Continental AG, Sensata Technologies, Inc., TDK Corporation, Siemens AG, OMRON Corporation, and Robert Bosch GmbH and others.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Genealogy Products & Services Market Expectations & Growth Trends Highlighted until 2024

March 8, 2019 by Steve Blade  

According to a recent Fact.MR study, the genealogy products and services market is likely to be valued at over US$ 3 billion in 2019. The market is likely to continue its bullish run with a myriad of factors influencing the strategy of key players. Surging demand for genetic and DNA testing in an assortment of industries, coupled with the growing awareness about genealogy are some of the vital factors bolstering market growth. Technological advancement also remains a key influencer, as efficient data storage and retrieval become key priorities for market players.

Demand for genealogy in tracing lineage and creating family trees is on the rise with service providers using aggressive marketing techniques to draw in new consumers. Commercials promoting self-discovery through lineage tracing are increasingly finding greater appeal as they resonate with the human psychology of tracing their heritage in order to gain a sense of wider connection.

Additionally, the concept is being popularized by an array of television programs such as “Who Do You Think You Are?” and features providing information about the ancestry of famous personalities and linking it to their career and life.

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According to the study, in addition to curiosity about culture and heritage, lack of formal records is also promoting the growth of the market. For instance, demand for tracing lineages in China is on the rise with a significant percentage of population eager to trace their genealogy owing to the lack of records that were destroyed during wars in China and the Cultural Revolution. The Fact.MR study finds that the family records segment is one of the largest in the genealogy products and services market, accounting for nearly 45% of total share.

The substantial reduction in the costs of DNA sequencing technology is also aiding genealogy products & services companies to find an extensive consumer base. Reduction in the size of DNA testing kits and the convenience it offers to consumers is another key cause behind the surge in demand for genealogy products & services.

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DNA Testing Finding Greater Penetration in Forensics

DNA and genetic testing is gradually gaining traction in the field of forensics with sophisticated technology and sequencing techniques enabling efficient investigation. Advancement in genetic testing is allowing forensics departments to identify suspects using smaller and mixed DNA samples which, in turn, can aid in solving complex crimes. These factors are boosting the adoption of genealogy products and services in the forensics domain.

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According to the Fact.MR study, concerns surrounding the misuse of genealogy products & services are creating clamor for imposing strict regulations on market functioning. Use of genealogy products & services has been linked to the creation of predictive criminal profiles which can potentially influence policing decisions. Additionally, increasing instances of police departments basing their decision on the analysis of the DNA databases created using direct-to-consumer genetic testing data is raising concerns about the system in place. These factors could potentially restrain market growth with consumers becoming increasingly aware of the drawbacks of participating in genetic testing.  

The Fact.MR report tracks the genealogy products & services market for the period 2018-2024. According to the report, the genealogy products & services market is projected to grow at 11.4% CAGR through 2024.

Industrial Motor Market Expectations & Growth Trends Highlighted until 2026

March 8, 2019 by Steve Blade  

Companies are moving towards using technically advanced industrial motors that can save energy as well as reduce operation cost. Among various motor designs used in industrial applications, DC motors are being used in servo applications on a large scale where accuracy and speed are important. Meanwhile, AC motors are being largely used in heating and cooling equipment.  

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As per the new study by Fact.MR, the global industrial motor market is likely to experience slow growth during 2017-2026. By 2026 end, the global market for industrial motor is projected to bring in US$ 14,959.1 million revenue. Stringent regulations on energy conservation and rising prices of electricity are driving the demand for energy-efficient industrial motor. However, the high cost of industrial motor as compared to the conventional motor, and high cost of installation are some of the factors hampering the global market for industrial motor. 

IE2 Industrial Motor to Gain Maximum Traction in the Market

IE2 industrial motor is likely to gain maximum traction in the global market for industrial motor. Accounting for nearly one-third of the revenue share, IE2 industrial motor is projected to reach close to US$ 4,900 million revenue. Increasing use of IE2 industrial motor in industrial applications such as pumps, hydraulics, mixers, gears, HVAC and fans is driving the growth. Moreover, IE2 low voltage motors are also witnessing significant growth.

Industrial Motors to Find Largest Application in Pumps and Fans

Industrial motors are likely to find the largest application in pumps and fans. Towards 2026 end, pumps and fans are projected to create an absolute dollar opportunity of over US$ 2,300 million between 2017 and 2026. Energy efficient motors are being used on a large scale in the pumps and fans as it affects both the amount of mechanical power required by entire system and overall energy consumption.

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DC Brushless Motor to be the Highly Preferred Motor Type

Compared to the various types of industrial motors, DC brushless are likely to emerge as the highly preferred motor type. DC brushless is projected to exceed US$ 6,900 million revenue by 2026 end. Brushless motor help in alleviating various issues related to the more common brushed motors. Moreover, these motors have much simple design. Brushless motors also offer various advantages such as high efficiency, minimum maintenance, and long life. These motors are finding high application in compressors, pumps and fans, where ruggedness and reliability are required.

Commercial HVAC to Emerge as the Largest User of Industrial Motor

Commercial HVAC is likely to emerge as the biggest user of the industrial motor. Commercial HVAC is projected to create an incremental opportunity exceeding US$ 1,000 million between 2017 and 2026. HVAC systems are the largest consumers of energy in the building, hence, the demand for energy-efficient industrial motor in HVAC is growing. Manufacturers are also developing smart industrial motors that reduce payback time and offer high energy saving. 

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global industrial motor market through 2026, which include Shandong Huali Electric Motor Group Co. Ltd., CG Power and Industrial Solutions Limited, Regal Beloit Corporation, Nidec Corporation, Hyosung Corporation, Toshiba Corporation, TECO Electric & Machinery Co., Ltd., WEG SA, Siemens Aktiengesellschaft, and ABB Limited.

Scanning Probe Microscopes Market Projected to Augment at a Notable CAGR during the Forecast Period until 2026

March 8, 2019 by Steve Blade  

Growing need for conducting detailed analysis regarding the performance of electronic products has led to surge in adoption of the scanning probe microscopes globally. In addition, surge in demand for conducting research studies to develop innovating solutions is projected to impact the global market growth of scanning probe microscope positively. Fact.MR states that the global market of scanning probe microscope is projected to reflect a CAGR of 7.1% over the forecast period, 2017-2026.

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Factors Fuelling Global Market Growth

Growth of the global scanning probe microscope market is mainly bound by various macro-economic and micro-economic factors. As the need for conducting in-depth research studies to develop innovative solutions is projected to fuel the global market growth of scanning probe microscope significantly. Growing need to progress with the research studies and make in-depth analysis has led the researchers to opt for microscopes equipped with leading technology. Surge in demand for viewing magnified version of the images for detailed analysis while conducting research is projected to boost demand for the scanning probe microscopes in the global market. Surge in the number of research studies conducted in the pharmaceutical, chemical, biotechnological and healthcare institutions is projected to fuel demand for the scanning probe microscopes significantly during the forecast period.

In addition, surge in production of the electronic components and products is further projected to fuel the global market growth of scanning probe microscope. As the need for conducting a failure analysis before launching the final products in the global market arises, manufacturer are increasingly looking to opt for equipment that are equipped with enhanced technological features. Surge in demand for scanning probe microscopes that enable magnified view and three-dimensional view of the images has led to surge in adoption of the scanning probe microscopes among the electronic manufacturers. Moreover, increasing demand to analyze and monitor the performance of the semiconductor integrated in the electronic products is further projected to impact the global market growth of scanning probe microscope during the forecast period. Also, manufacturers in the electronic industry are increasingly opting for atomic force microscope in order to make accurate analysis to ensure the operability and functioning of the electronic products before the launch.

Besides adoption in the electronic industry, demand for the scanning probe microscope also continue to remain high in the educational institutions. Growing need to impart in-depth information and knowledge to the students in various educational institutions has led to surge in adoption of instruments that are equipped with advanced technological features such as nanotechnology and scanning probe microscopes. The scanning probe microscopes enable the students to view the images in three-dimensional view with magnified images, due to which the educational institutions are increasingly adopting scanning probe microscopes significantly. Such factors are expected to impact growth of the global market during the forecast period.

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Sales to Remain High for Atomic Force Microscopes

Surge in the production of various electronic products has led to increasing demand for the atomic force microscopes in the global market. In terms of revenue, the atomic force microscope technology type segment is projected to represent a significant revenue growth, accounting for more than US$ 200 Mn by the 2026-end. On the other hand, the scanning tunneling microscopes (STM) technology type segment is projected to reflect the highest CAGR during the forecast period.

On the basis of application, the materials and nanomaterials research segment is projected to generate significant revenues, recording for around US$ 71 Mn by 2017-end. In contrary, the life science application segment is projected to represent a robust CAGR throughout the forecast period.

Market Players

Major players in the global market of scanning probe microscope are Bruker Nano, Agilent Technologies, NT-MDT, Hitachi High-Tech Science Corporation, Park Systems, Oxford Instruments/Asylum Research, Anasys Instruments, AIST-NT, Angstrom Advanced Inc., Anfatec,    JPK Instruments, APE research srl, Multiprobe, Inc., Nanonics Imaging and Kleindiek Nanotechnik.

Organic Honey Market Inclinations & Development Status Highlighted for the Forecast Period between 2017-2022

March 8, 2019 by Steve Blade  

Organic honey is referred to honey produced by nectar obtained from bees, which were only fed with organically growth flowers. Various types of organic honey available in the market include clover honey, manuka honey, sourwood honey, buckwheat honey, rosemary honey, and dandelion honey.

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Market to Witness Consolidation Owing to M&As between Well-Established Players and Small Businesses

With growing emphasis on leading healthy lifestyle, consumer preferences have inclined toward consumption of food products with natural ingredients, owing to concerns regarding chemical additives. This has significant positive influence on adoption of organic honey as well. With increased awareness about various types of organic honey, methods of its production, and health benefits are some primary factors driving adoption. All manufacturers who claim their product to be organic are required to comply with certain standards imposed by regulatory authorities, followed by a certification process to label their product “organic”. As certification for organic products is mandatory to ensure consumers about the product authenticity, small business face barriers in terms of cost. This is further resulting into consolidation of the market, as these small businesses are being eyed upon by well-established players for merger, or acquisition, for expanding their market presence. For example – Amazon recently announced its aim of acquiring Whole Foods Market, a supermarket chain with natural and organic food products, to boost its sales of organic honey.

Manufacturers find it difficult to seek appropriate apiary sites favoring the organic honey standards. Higher transition time and capital is involved in production of organic honey. The production also includes other investments related to auditing, sampling, and certification. These factors might impede expansion of the market in the foreseeable future. Despite these challenges, Fact.MR has projected an impressive growth for the global organic honey market over the forecast period (2017-2022). Global sales of organic honey are estimated to exceed US$ 150 Mn by 2022-end.

North America to be Fastest Expanding Market for Organic Honey

The United States Department of Agriculture (USDA) has mandated all manufacturers producing organic products to be USDA-certified, in order to label their products as ‘organic’. This might positively influence demand and sales of organic honey in North America. The region is expected to be the fastest expanding market for organic honey during 2017 to 2022.

Manuka honey and buckwheat honey are anticipated to remain fast-selling types of organic honey. Revenues from sales of these two types of organic honey will account for over 30% share of the market during 2017 to 2022. Sourwood honey will register the lowest CAGR in the market through 2022.

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Organic Honey Sales for End Use in Food & Beverages to Register Robust Expansion through 2022

Sales of organic honey for end use in food & beverages are projected to register a robust expansion, to surpass US$ 130 Mn in revenues by 2022-end. Revenues from end use of organic honey in pharmaceuticals & nutraceuticals will remain low, however sales in this end use segment is likely to witness a significant increase during the forecast period.

Based on sales channel, Market Conditions for sales of organic honey in convenience stores and online sales will remain approximately similar throughout the forecast period. In terms of revenues, wholesaler/distributor will continue to be the largest sales channel for organic honey.

In terms of packaging type, glass jars will continue to account for the largest revenue share of the market, and their sales are projected to rise at a CAGR of nearly 7% through 2022.

Competition Tracking

Key players identified by Fact.MR in its report on the global organic honey market include Glorybee Inc., Little Bee Impex, Madhava Honey Ltd., Wholesome Sweeteners Inc., Y.S. Eco Bee Farms, North Dallas Honey Company L.P., Heavenly Organics, LLC, Wedderspoon Organic Holdings, L.P., and Barkman Honey LLC.

Cancer Profiling Market Scenario Highlighting Major Drivers & Trends, 2018 to 2028

March 8, 2019 by Steve Blade  

Cancer profiling has emerged as one of the leading approaches used in identification, prognosis, research analysis and treatment of various cancers. Various approaches such as proteomics, genomics, and metabolomics are being used in cancer profiling. Also, precision medicine treatment is being adopted on a large scale in order to analyze individual genetic profiles and offer personalized treatments. Moreover, cancer is the focus of precision medicine. Moreover, around 631 cancer therapies are in the global oncology research and development pipeline.

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Next-generation sequencing in the cancer profiling is helping in identifying multiple tumor mutations. Many cancer centers have already adopted next-gen sequencing-based genetic profiling using target gene capturing. Oncologists across the world are using cancer profiling method along with the rise in adoption of cancer biomarkers for tumor profiling. Moreover, factors including point-of-care diagnostic test, and rising demand for personalized medicine is offering opportunities for leading companies in the cancer profiling market.

As per the research report compiled by Fact.MR, the global cancer profiling market is expected to witness strong growth, registering 17.7% CAGR during the forecast period 2017-2026. By the end of 2026, the global cancer profiling market is estimated to reach US$ 122,129.6 million revenue. Increasing incidences of new cases of cancer are resulting in the rising use of cancer profiling. As per National Cancer Institute, new cancer cases are likely to reach 22 million within next two years. Moreover, increasing adoption of precision medicine treatment is also driving the demand for cancer profiling. Below are the few insights on how the global cancer profiling market will perform in the coming years.

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Forecast Highlights on Global Cancer Profiling Market

  • North America is expected to remain dominant in the global cancer profiling market during the forecast period 2017-2026. Changing lifestyle with increasing consumption of alcohol, smoking is leading to the increasing number of people suffering from cancer. Moreover, increasing investment in research and development activities are driving the demand for cancer profiling in the region.
  • Asia Pacific Excluding Japan (APEJ) and Europe are also witnessing significant growth in the cancer profiling. Increasing incidence of lung cancer and prostate cancer in central, eastern, and southern Europe is driving the demand for cancer profiling. Meanwhile, breast cancer is the most diagnosed cancer among women in China and India.
  • Next-generation sequencing is expected to be the highly-preferred technique in cancer profiling market. By the end of 2026, next-generation sequencing is estimated to reach 62,000 million revenue.
  • Pharmaceutical and biotech companies are expected to be the largest users of cancer profiling. Pharmaceutical and biotech companies are estimated to surpass US$ 52,400 million revenue by the end of 2026.
  • Diagnosis is expected to witness significant growth in the global cancer profiling market. By the end of 2026, diagnosis is estimated to surpass US$ 40,000 million in terms of revenue.

The report has also profiled leading players in the global market for cancer profiling, which will remain active through 2026. These include companies such as Roche Holdings, Caris Life Sciences, GenScript, Illumina, Inc. (U.S.), Proteome Sciences PLC, BioTheranostics, NeoGenomics Laboratories, RiboMed Biotechnologies Inc., Genomic Health Inc., Oxford Gene Technology Ltd., and Agendia.

Intrusion Detection & Protection System Market Forecast Covering Growth Inclinations & Development Strategies until 2026

March 8, 2019 by Steve Blade  

Growing need for securing confidential information in various organizations has led to surge in demand for the intrusion detection and protection system globally. In addition, surge in demand for protection against malicious attacks is projected to impact the global market growth of intrusion detection and protection system positively. Fact.MR states that the global market of intrusion detection & protection system is projected to reflect a CAGR of 12.3% over the forecast period, 2017-2026.

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Factors Fuelling Global Market Growth

Growth of the global intrusion detection & protection system market is mainly bound by various macro-economic and micro-economic factors. As the need for sharing and receiving imperative information through various networks continues to increase, organizations are looking to adopt leading technological solutions to maintain safety of the shared information. Lack of robust security of the networks allows the hackers to intrude into the networks and gain access to the sensitive and confidential information of the organizations. Moreover, increasing instances of malware attacks through the unprotected network system has led to significant data losses for various organizations. As data theft and intrusion through networks continue to persist, organizations are increasingly focusing on adopting intrusion detection and protection solutions in their network systems.

In addition, unprotected networks of various financial institutions could lead to significant data losses. Loss of confidential and sensitive data of the financial organization could hinder the progress of the firms and the customers loyal to the services offered by these financial institutions. Intrusion and loss of sensitive information regarding the firm and clients of the firm can hinder growth of various financial institutions significantly. In order to prevent intrusion and loss of sensitive information, the financial organizations are increasingly opting for signature-free intrusion detection and protection system. Adoption of innovative intrusion detection and protection solutions and as signature-free services monitors the network well and quickly identifies the malicious attacks and possibility of intrusions through access of various applications. This enables the organizations to maintain the integrity of their information and protect their database from malicious attacks and possibilities of intrusions. Bound to such factors, the global market of intrusion detection & protection system is projected to witness a significant growth during the forecast period.

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Demand for robust intrusion detection and protection solutions continue to remain high in various government organizations and large business organizations. Surge in demand for innovative intrusion detection and protection solutions is projected to contribute towards the global market growth of intrusion detection & protection system significantly during the forecast period.

Sales to Remain High in BFSI Industry

As the need for securing sensitive information continues to arise, demand for intrusion detection and protection solutions is projected to remain high in the large business organizations. In terms of revenue, the large enterprise deployment type segment is projected to represent the highest growth, recording more than US$ 2,000 Mn by 2026-end. On the other hand, the SaaS deployment type segment is projected to reflect a healthy CAGR throughout the forecast period.

By 2017-end, the network based IDS system application segment is projected to represent a significant revenue growth, accounting for more than US$ 1,900 Mn. During the forecast period, this segment is projected to reflect the fastest growth in the global market of intrusion detection & protection system. Based on industry, the BFSI segment is projected to reflect a robust CAGR during the forecast period. Moreover, the BFSI industry segment is projected to generate significant revenues, accounting for more than US$ 890 Mn by 2026-end.

Market Players    

Major players in the global market of intrusion detection & protection system are Cisco Systems, IBM, McAfee, Symantec Corporation, Trend Micro, CheckPoint Security Software Market, TippingPoint, Juniper Networks, Inc, Trustwave and SourceFire. 

Organic Substrate Market Highlighting Regional Revenue Share Dominance During 2017 to 2026

March 8, 2019 by Steve Blade  

Organic electronic materials made using organic small molecules and polymers are being used on a large scale. Owing to the good dimensional control, better electrical performance, organic substrate are witnessing significant growth in various applications. Organic substrate is also being used in flat panel display as the flat panel displays are cost-effective and energy efficient. More functionality is being added in RF modules for smartphone and other wireless applications. Hence, both low temperature co-fired ceramic and organic substrate are used for RF modules.

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Organic substrate are more cost-effective, as embedding filter into the inner layer of the organic substrate does not occupy module surface area and results in module cost saving and also helps in reducing module size for cost sensitive and critical size products, for instance, Bluetooth RF front-end module. The rise in consumer trend towards lower cost solutions is also resulting in the increasing use of the organic substrate.  

According to the report by Fact.MR, the global organic substrate market is expected to experience steady growth, registering 5.6% CAGR during the forecast period 2017-2026. The global organic substrate market is also estimated to bring in US$ 13,438.1 million revenue towards the end of 2026. Organic substrates are being used on a large scale as a base material in semiconductor manufacturing and application. Most of the organic substrate are manufactured using PCB technology. Hence, an organic substrate has good CTE match with PCB. Organic substrates are witnessing significant demand by the majority of area array packages. Following are the key insights on how the global organic substrate market will perform in the coming years.  

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5 Forecast Highlights on Global Organic Substrate Market

  • Asia Pacific Excluding Japan (APEJ) is expected to dominate the global organic substrate market during 2017-2026. Presence of key manufacturers in the region is resulting in the growth of the market. Owing to the increasing demand for semiconductor and IC packaging materials, organic substrates are witnessing growth in the APEJ region.  
  • North America is also expected to witness growth due to the presence of the major technology companies and rapid adoption of advanced technology in developing smartphones and flat panel displays.
  • Tape substrate is expected to be the largest substrate type in the global organic substrate market during 2017-2026. Tape substrate is estimated to bring in nearly US$ 9,200 million revenue by the end of 2026.
  • Small outline packages are expected to witness the highest growth in the organic substrate technology segment. By the end of 2026, small outline packages are estimated to bring in close to US$ 4,500 million revenue.
  • Mobile phones are expected to witness the maximum use of organic substrate during the forecast period 2017-2026. Mobile phones are estimated to exceed US$ 4,900 million revenue by the end of 2026.

The report also offers a detailed profile of all the leading market players in the global market for organic substrate, which will perform actively through 2026. These include companies such as Hitachi Chemical, Samsung Electronics, Dow Chemicals, BASF, Sumitomo Chemical Co. Ltd., Henkel AG, Amkor Technology, STMicroelectronics, Qualcomm Technologies, Shinko, Kyocera, and Mistubishi Electric. 

Pharyngitis Market Scenario Highlighting Major Drivers & Trends, 2017 - 2026

March 8, 2019 by Steve Blade  

Pharyngitis also known as pharynx is inflammation of the back of the throat resulting in a sore throat. It may be bacterial or viral, the most common bacteria that infect human throat is Group A Streptococcus. Various market players are working on developing rapid diagnostic testing solutions for the fast detection of infection to provide treatment at an early stage. According to the medical professionals, around 50% of a sore throat or pharyngitis is caused by viral infection, while around 15-20% is caused by bacterial infection. Hence, throat lozenges are also being prescribed for people suffering from pharyngitis and it also offers temporary relief from cough and cold, which the most common cause of sore throat.

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As per Randomized Controlled Trial (RCT) published recently in Canadian Medical Association Journal, found that probiotics and xylitol chewing gum have no effect on a sore throat or pharyngitis symptoms. Hence, drug manufacturers are conducting research to develop new drugs to fight sore throat without causing any side-effects.

As per the report compiled by Fact.MR, the global pharyngitis market is expected to witness sluggish growth. The market is likely to register 3.4% CAGR during the forecast period 2017-2026. The global pharyngitis market is also estimated to reach US$ 1,679.0 million revenue by the end of 2026. Pharyngitis is the most common problem among people. It is mostly caused due to other illness such as flu, cold, or mononucleosis it results in sore throat. Most of the health providers diagnose pharyngitis with the help of rapid strep test. Medicines are given by doctor only after determining whether the infection is viral or bacterial. Hence, manufacturers of drugs are conducting research to develop more effective drugs to treat pharyngitis. Below are few insights on how the global pharyngitis market will perform in the coming years.

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5 Forecast Highlights on Global Pharyngitis Market

  • Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global pharyngitis market during the forecast period. Group A Streptococcus is a most common disease caused in settings of poverty, where transmission of an organism is possible due to the poor living condition. Hence, APEJ presents an opportunity for drug manufacturers. Moreover, the presence of key drug manufacturers in the region is also resulting in the growth of the market.
  • North America is also expected to witness growth in the coming years. As the cigarette smoking is very common among young adults and is significantly associated with sore throat. Moreover, there has been an increase in the cases of acute pharyngitis diagnosed in children in the U.S.
  • Beta lactams is expected to be one of the highly preferred drug class in the global pharyngitis market. By the end of 2026, beta lactams is estimated to reach close to US$ 500 million revenue.
  • Retail pharmacies and drug stores are expected to witness the highest growth during the forecast period 2017-2026. Retail pharmacies and drug stores are estimated to exceed US$ 600 million revenue towards the end of 2026.
  • Oral drug delivery is expected to be the most preferred drug administration route as it is convenient and also costs the least. Accounting for more than half of the revenue share, oral drug delivery is estimated to exceed US$ 1,200 million revenue by the end of 2026.

The report has also profiled leading players in the global market for pharyngitis, which will remain active through 2026. These include companies such as GlaxoSmithKline PLC, Pfizer Inc., Novartis AG, Zambon Group SpA, and BioStar Pharmaceuticals, Inc.