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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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Combat Management System Market by Platform (Destroyers, Submarines, Frigates, Corvettes) and Region - Global Forecast to 2022

The global negative pressure wound therapy market is expected to reach USD 2, 724.2 million by 2023, from USD 2,113.6 million in 2018, at a CAGR of 5.2%. This market is segmented by product type, wound type, end-user, and region. The base year for this study is 2017, and the forecast period is 2018–2023.

Negative Pressure Wound Therapy (NPWT) devices are used to treat chronic wounds, such as diabetic ulcers, pressure sores, and post-operative wounds, through the application of sub-atmospheric pressure to an open wound. Growing prevalence of diabetes, increasing spending on chronic and surgical wounds, government initiatives to prevent SSIs, and high rate of cesarean sections in elderly mothers leading to increasing post-operative use of NPWT devices are some of the factors expected to drive market growth during the forecast period.

Negative Pressure Wound Therapy Market Growth Overview

By product type, conventional NPWT devices segment is expected to account for the largest market share during the forecast period

Growing demand for advanced situational awareness systems for naval ships and submarines and increase in upgradation of legacy combat management systems by different navies across the world are expected to drive the combat management system market during the forecast period.


The global combat management system market size is projected to grow from USD 298.3 Million in 2016 to USD 365.5 Million by 2022, at a CAGR of 3.57% during the forecast period.The growth of the market is supported by factors such as growing demand for advanced situational awareness systems for naval ships and submarines and increase in upgradation of combat management systems by different navies across the world.

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The report analyzes the combat management system market based on component, sub-system, and platform. These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW). The report provides an in-depth market intelligence regarding major market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges that may influence the growth of the market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the overall market.

The report also covers competitive developments, such as long-term contracts, agreements, and research & development activities in the combat management system market, in addition to business and corporate strategies adopted by key market players.

Asia Pacific is expected to be the fastest-growing market for combat management systems during the forecast period

The combat management system market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period due to the increase in combat ship building activities and deliveries of combat vessels in this region. Most of the countries in the region, such as China, India, Japan, Philippines, and Taiwan, are increasing their naval capabilities by upgrading existing naval systems to combat management systems. These upgradations are expected to drive the demand for combat management systems in the region.

Major players operating in the combat management system market include BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Leonardo S.p.A.(Italy),  Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France), among others.

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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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