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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Global Marine Battery Market Is Appraised To Make $812 Million By 2025

The global report Marine Battery Market is estimated to be USD 250 million in 2020 and is projected to reach USD 812 million by 2025, at a CAGR 48.1% from 2020 to 2025. Implementation of sulfur 2020 rule and rise in the conversion of propulsion systems in passenger vessels are the major factors anticipated to boost the demand for marine batteries during the forecast period. The rise in seaborne trade across the globe, growing maritime tourism industry, and the development of lithium batteries are the other factors anticipated to fuel the growth of the marine battery market. By ship power, the 75–150 kW segment of the marine battery market is projected to register the highest CAGR during the forecast period. Medium-size passenger ferries are considered under ships having power between 75 and 150 kW. The need for a reduced or zero-emission transport system is high across countries. As per the International Maritime Organization’s MARPOL convention for the prevention of pollution from
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Airborne LiDAR Market Revenue Growth, Top Companies, Size, Share, Trends & Future Growth Opportunities Till 2023

The growth of the airborne LiDAR market is driven by the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications.Major strategies adopted by the players include contracts & agreements, new product developments, expansions, and mergers & acquisitions, among others. Contracts & agreements was the most commonly adopted strategy from 2014 to 2017. Industry players also adopted new product developments and business expansions to grow and sustain in the airborne LiDAR market. The global airborne LiDAR market size is projected to grow from an estimated USD 1,140.1 Million in 2017 to USD 2,533.7 Million by 2022, at a CAGR of 17.32% during the forecast period. North America was the largest market, followed by Europe in 2016. This trend is expected to continue till 2022. The growth of the airborne LiDAR market is driven by the increasing use of unmanned aerial vehicles in various applications a
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Vision Positioning System Market Is Estimated To Generate 9.25 Billion USD by 2022

  The global   vision positioning system market   is estimated to be valued at USD 5.58 billion in 2017 and is projected to reach USD 9.25 billion by 2022, at a CAGR of 10.65% from 2017 to 2022. With the advent of the GPS (Global Positioning System) technology, the application of positioning systems has increased significantly. Positioning systems are extensively used for outdoor navigation in various sectors, such as defense, tourism, and logistics & transportation, among others. However, for navigation in indoor locations, the GPS-based positioning systems lack accuracy and signal strength. Besides, GPS signals are also restricted over various high sensitive areas, such as military bases, research labs, and underground locations. Hence, vision positioning systems are extensively used for local navigation in these areas. Camera systems are used to capture real-time images to the processors which store the images in memory. In camera systems various sensors are used, such as pressu
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Growing Traction Of In-Vehicle Infotainment Systems To Promote Audio Amplifier Market Till 2024

  The global   Audio Amplifier Market   is projected to grow from USD 3.4 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of 5.6% during the forecast period. Major factors driving the growth of the audio amplifier market include increasing popularity of consumer electronic devices across the globe, growing traction of in-vehicle infotainment systems, rising demand for energy-efficient technologies in portable audio devices, and increasing demand for high-quality audio output. The audio amplifier market for home audio systems is projected to grow at the highest CAGR during the forecast period. Different types of amplifiers such as Class A, Class B, and Class AB are used in home audio systems. The growing demand for portable devices such as smart speakers, soundbars, and headphones used in home audio systems has led to the increased use of Class D architecture amplifiers as they dissipate less heat and offer extended battery life. The growing use of smartphones to stream music to s
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Air Traffic Control Market Growth Driving Factors and Research Report, 2025

Increasing demand for scalable air traffic navigation services is fueling the remote tower market. The remote tower system is a remote air traffic control (ATC) room with video-sensor-based surveillance instead of the conventional out-of-the-window view from a real tower. Factors such as modernization of air traffic management (ATM) infrastructure, an increase in the number of airports in emerging economies, and the need for efficient airspace management are anticipated to drive the growth of the air traffic control market. The  global air traffic control market size  is projected to grow from USD 9.3 billion in 2019 to USD 12.3 billion by 2025, at a CAGR of 4.8%. Factors such as modernization of air traffic management (ATM) infrastructure, an increase in the number of airports in emerging economies, and the need for efficient airspace management are anticipated to drive the growth of the air traffic control market. Remote tower systems are gaining popularity as they are cost-effective
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Aircraft Fairings Market Is Projected To Reach At A CAGR of 7.38% During The Forecast Period

  Aircraft Fairings are used to protect underlying structures and systems from adverse external environmental factors. These structures are cover for gaps and spaces between parts of an aircraft which help reduce drag.   The  global aircraft Fairings market size  is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023.   The North America aircraft Fairings market is growing at a significant pace due to factors, such as a rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft Fairings market can be attributed to the growth of the rise in disposable incomes and an increase in air travel. Aircraft fairings manufacturers are focusing on enhancing their market shares through research & development activities to minimize weight, drag, and fuel consumption of aircraft, and enable a greener environment. Additionally, they are also working towards developing high strength and durable mate
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