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Aircraft Health Monitoring System Market Worth $1,489 Million in 2023 | CAGR: 7.4%

The global aircraft health monitoring system market was valued at $926 million in 2016, and is projected to reach at $1,489 million by 2023, growing at a CAGR of 7.4% from 2017 to 2023. Wide-body aircraft possesses maximum potential, which is expected to create lucrative opportunities for industry players.

This system closely relates to the maintenance, repair, and overhaul (MRO) segment in an airline industry. Implementation of AHMS decreases maintenance & operational costs and improves overall safety of an aircraft. The growth of the aircraft health monitoring system market is driven by rise in demand for real-time fault management, high demand for performance monitoring, and increased need for custom alerting & analysis solutions.

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The current business scenario has witnessed surge in adoption of aircraft health monitoring system in the developed and the developing regions, owing to the technological innovations in product offerings, increased need to improve performance and operational efficiency, rise in demand for real-time monitoring systems, and increase in application areas among end users. Furthermore, factors such as the need to reduce costs towards maintenance operations, increase in airplane data availability, high need to reduce flight delays & air turnbacks, and growth in awareness about AHM are expected to provide numerous opportunities for aircraft health monitoring system market growth. However, lack of trained professionals is expected to restrict the market growth during the forecast period.

The commercial segment dominated the market in 2016, with around 63% revenue share of the global market. This is attributed to the improved IT infrastructure and increased cloud-related expenditures to cater to the untapped markets among the developing nations.

The narrow body aircraft segment dominated the global aircraft health monitoring system market, with around 73% share in 2016, followed by wide-body aircraft segment. Furthermore, regional jets segment is estimated to grow at the highest CAGR of 11.9%, owing to widespread adoption of advanced health monitoring systems and increased aerospace & defense spending.

Asia-Pacific was the highest revenue contributor in 2016, accounting for around 44% share. However, LAMEA is projected to grow at the highest CAGR of 9.9% during the forecast period.

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The report features the competitive scenario of the aircraft health monitoring system market and provides comprehensive analyses of the significant growth strategies adopted by major players. The key players operating in the aircraft health monitoring system market include Honeywell International Inc., Rockwell Collins Inc., Boeing Company, Ultra Electronics Holdings PLC, RSL Electronics Ltd., United Technologies Corporation, General Electric Company, Meggitt PLC, Rolls-Royce PLC., and Airbus Group.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

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Automotive Fabric Market is Projected to Reach $37,282.2 Million by 2025

the global automotive fabric market was valued at $29,839.9 million in 2017, and is projected to reach $37, 282.2 million by 2025, registering a CAGR of 2.9% from 2018 to 2025.

At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global automotive fabric market in 2017, whereas India is expected to grow at a significant rate in Asia-Pacific during the forecast period.

The growth of the global automotive fabric market is driven by rise in sales of vehicle; rapid economic improvement; and implementation of stringent safety standards for usage of airbags, safety belts, and others. Moreover, growth in production of passenger vehicles in developing countries of Asia-Pacific is majorly characterized by rise in disposable income. These factors are largely responsible for the expansion of the automotive fabric market, as growth in adoption of fabric materials is directly related to advancement in applications of the passenger vehicle segment.

Automobile companies focus on the innovations of fabric material. The recent developments is done nylon fabric form that is provided specifically for the application of automotive. The innovation in varieties of polyamides like high ultra violet resistance provides a spectrum of colour choices. In addition, recently in 2018, SUVs such as Mazda, Holden Acadia, Kia Sorento, and Toyata Kluger have started offering digital fit floor liner to improve interior protection in premium models in Australia.

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Automakers alongwith the vendors are equally trying to improve safety factors of various systems implemented in automobiles. In addition, the leather manufacturing companies are expanding their business, R&D centers with the latest technical innovation. For instance, BoxMark Leather Company has developed Research and Development Centers (RDC) to innovate products as well as state-of-the-art manufacturing technologies for the development in leather product.

The automotive environment is changing at a rapid pace due to globalization. The increase in automotive sales has been caused due to the improvement in manufacturing facilities in most of the emerging countries such as China, India, and Brazil among others. Global automotive sector promises better productivity and sales as this sector consists of different segment such as premium and four wheelers among others, which in turn drives excellent profitability. This factor majorly influences prominent players of automotive sector to invest and expand the business through different segments to gain better profitability. Also, increase in disposable income of consumers and surge in passenger vehicles sale across the globe has fueled the rising demand for automotive vehicle. Developing countries such as India, China, and Brazil among others are the most promising countries for the automotive sector. The increasing demand for vehicles in automotive sector fuels the growth of the fabric market. In recent years, consumers have shifted their interest to technologically advanced, requiring low cost and maintenance vehicles that has number of interior applications. This in turn increases the overall use of fabric in vehicle. Thus, such rise in the sales of automotive vehicles due to their advanced features is expected to create numerous opportunities for market expansion.

The automotive market is positively affected by safety regulations implemented by government for installation of airbags, seat belts and anti-lock braking systems (ABS) in every vehicle. Europe and North America have been witnessed to follow these regulations more stringently as compared to Asia-Pacific and rest of the world. However, in developing countries, OEMs are providing airbags and anti-lock braking system (ABS) as standard features in vehicles, supporting the government to improve safety measures. This in turn increases the use of fabric material needed for in-vehicle safety features. These safety systems need separate fabric material for different component applications to function. Also government of India is planning to set up its own safety authority Bharat National Car Assessment Programme (NCAP) that rates vehicle on the basis of safety features used inside the car. Such initiatives from the various governments are creating awareness about the safety features that directly boosting the growth of automotive fabric market.

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A Various raw materials such as steel, rubber, and leather, are used to manufacture interior components. Therefore, increase in the prices of these raw materials negatively affect the automotive interior vendors. The tariff on import of steel and aluminum is adversely affecting many players in the market. Growth in demand and addition of tariffs increased the steel prices by around 40% in the U.S. from 2017 to 2018. This rise in prices of raw materials is expected to hamper the growth of the automotive interiors market during the forecast period.

The key players analyzed in this report are SRF Limited, Lear Corporation, Acme Mills Company, Suminoe Textile Co. Ltd., Adient Plc, Heathcoat Fabrics Limited, Seiren Co., Ltd., Toyota Boshoku Corporation, Martur Automotive Seating System, and Grupo Antolin Irausa, S.A.

Spark Plug Market

Spark Plug Market to Reach $2,904 Million by 2022: Allied Market Research

Spark Plug Market Report, published by Allied Market Research, projects that the global spark plug market is estimated to reach $2,904 million by 2022, registering a CAGR of 4.2% during the period 2014-2022. Automobile segment is expected to maintain its dominant position throughout the forecast period. Asia-Pacific accounted for the highest share of 46% in 2015, and is anticipated to maintain its dominance throughout the forecast period.

Electrode material segment is divided into copper, iridium, and platinum. In 2015, iridium spark plug accounted for the largest revenue among others. This is attributed to its benefits such as long service life, approximately five times greater than copper spark plug, and high ignitability due to fine tipped center electrode. However, copper spark plug is anticipated to witness decreased growth trend. Moreover, platinum spark plug is anticipated to witness the highest growth rate of 4.8% CAGR among others.

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Spark plug finds its application across several verticals such as automobile, marine, industry, and others (working equipment, brush cutters, scythes, mowers, saws). In 2015, automobile segment accounted for the largest market share among others, and is anticipated maintain its dominance due to increase in number of gasoline-based vehicle and rise in demand for natural gas vehicles. However, industrial segment is expected to witness the highest growth rate of 7.2% CAGR among others due to growth in urbanization and industrialization in developing countries, which further boosts the demand for petrol or natural gas generator.

Asia-Pacific accounted for the majority of revenue in 2015, and is expected to maintain its dominance, followed by Europe and North America. This is attributed to the increase in sales and production of automobiles such as two-wheelers and passenger cars and LCV.

Spark plug is a type of lighter that ignites the compressed air-fuel mixture at the top of cylinder head. Spark plugs must be able to withstand at temperature of about 25000C and combustion pressure as high as 50 Kg/cm2. Centre electrode material is most important part of spark plug, as fuel economy and engine efficiency is based upon that. As per the key executive, one of the major spark plug manufacturer havetested around 2,000 electrode materials and over 25,000 insulator combination. Moreover, impendingneed of fuel efficient vehicles owing to increasing carbon footprint has fueled the demand of natural gas based vehicles eventually increasing the demand of spark plug. Among different applications of spark plug, automobile segment is anticipated to witness the robust growth rate owing to burgeoning number of sales and production of vehicle across the globe, states Eshan Hira, Research Associate, Automotive & transportation, Allied Market Research

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The key players in the spark plug market are focused to expand their business operations in the emerging countries with new product launches as a preferred strategy. The major players profiled in this report include NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Denso Corporation, Robert Bosch Gmbh, FRAM Group IP LLC (Autolite), Enerpulse Technologie, Stitt Spark Plug, Acdelco Corporation, E3 Sparkplugs, Zhuzhou Torch Spark Plug, Weichai Power Co. Ltd., MSD Performance, Ford Motor Company, and Valeo.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States           

Toll Free: +1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1?855?550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Artificial Intelligence Market

Artificial Intelligence Market is Projected to Grow at a CAGR of 55.6% from 2018 to 2025

The global artificial intelligence market size is expected to reach $169,411.8 million in 2025, from $4,065.0 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025. Artificial intelligence has been one of the fastest-growing technologies in recent years. AI is associated to human intelligence with similar characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of such a technology. AI is positioned at the core of the next gen software technologies in the market. Companies such as Google, IBM, Microsoft, and other leading players have actively implemented AI as a crucial part of their technologies.

The rise in number of innovative start-ups and advancements in technology have led to increase in investment in artificial intelligence technologies. Moreover, growth in demand for analyzing and interpreting large amounts of data is boosting the demand for artificial intelligence industry solutions. Furthermore, development of more reliable cloud computing infrastructures and improvements in dynamic artificial intelligence solutions have a strong impact on the growth potential of the AI market. However, lack of trained and experienced staff can hinder the growth of the artificial intelligence market.

The AI market is segmented by technology, industry vertical, and geography. The various technologies are sub-divided into machine learning, natural language processing, image processing, and speech recognition. In 2016, the machine learning segment dominated the market, in terms of revenue, and is expected to maintain this trend in the coming years, owing to increase in demand for artificial intelligence industry solutions. Based on industry verticals, the market is categorized into media & advertising, retail, telecom & IT, healthcare, automotive & transportation, and others (agriculture, law, educational institutions). The IT & telecom segment is anticipated to dominate the global artificial intelligence market throughout the forecast period. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, North America region contributed the highest share in the artificial intelligence market and is anticipated to secure the leading position during the forecast period, owing to the presence of key companies and large investment in the AI market.

Competition Analysis

Competitive analysis and profiles of the major artificial intelligence market players, such as Alphabet (Google Inc.), Apple Inc., Baidu, IBM, IPsoft, Microsoft Corporation, MicroStrategy, Inc., NVIDIA, Qlik Technologies Inc., and Verint Systems Inc (Next IT Corp) are provided in this report. The key strategies adopted by the key players from 2015 to 2018 were product launches, acquisitions, and collaboration.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States           

Toll Free: +1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1?855?550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Coffee Beans Market

Global Coffee Beans Market: Increasing Demand With Key Players

The Global Coffee Beans Market size was valued at $10,471 million in 2017 and is likely to reach $15,635 million at a CAGR of 6.1% during the forecast period. The demand for coffee beans in Asia-Pacific has grown significantly over the years, owing to increase in its consumption. Japan, India, and Philippines are the major contributors to its growth.

The global coffee beans market growth is driven by increase in coffee consumption among consumers. In addition, health benefits associated with coffee and expansion of retail market makes the buying process easy for the consumers, which boost the global coffee beans market. Moreover, decrease in consumption of carbonated drinks has supplemented the coffee beans market growth. However, availability of tea is projected to restrain the global coffee beans market.

The report segments the coffee beans market based on product, end use, and geography. Based on product, the coffee beans market is categorized into arabica, robusta, and others. By end use, it is classified into food, personal care, and pharmaceuticals. Bakers have been integrating coffee into muffins, cookies, and cakes for years. The different flavors, such as baking with espresso provides a richer, deeper flavor to the recipe than the lighter roasts. These coffee-made cookies and cakes are gaining popularity and hence, supplementing the coffee beans in the food products industry. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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These beans are more resistant to pests and diseases and are widely produced in Vietnam. Robusta is likely to grow at the fastest rate because of its high caffeine content and strong properties as blends. These beans are comparatively small, rounded, and brownish yellow in color. Robusta beans are typically used in instant coffee, espresso, and as a filler in ground coffee blends.

The usage of coffee beans in the pharmaceutical industry is augmenting the global coffee beans market. The health-benefits that are associated with coffee beans in the form of dietary supplements have increased its consumption. The green coffee beans extract has a higher level of chlorogenic acid as compared to other roasted and regular coffee beans, as these beans are not roasted. Thus, the adoption of green coffee beans in the form of weight loss supplements has been widely observed among consumers.

“Coffee Beans Market: https://www.prnewswire.com/news-releases/global-coffee-beans-market-experiences-growth-in-asia-pacific-with-growing-urbanization-amp-health-benefits-840308516.html

LAMEA is one of the emerging regions in terms of coffee consumption, as Brazil, South Africa, Saudi Arabia, and Turkey offer potential opportunities for the coffee beans market. New product offerings and flavor differentiation are the key strategies adopted by manufacturers to increase their market share. Furthermore, manufacturers have introduced promotional pricing strategies to increase their sales. Moreover, introduction of appealing packages and new flavors combined with campaigns through social events and networks fuel the growth of the global coffee beans market.

The key players operating in the coffee beans industry include Kicking Horse Whole Beans, Death Wish Coffee, La Colombe Corsica Blend, Caribou Coffee, Luigi Lavazza S.P.A., Illycaff S.p.A., Hawaiian Isles Kona Coffee Company, Ltd., La Colombe Torrefaction, INC., Peets Coffee & Tea, Inc., Coffee Beans International, Inc.

Simulation Software Market: Extensive Analysis of the Current & Emerging Market Trends

According to a recent report published by Allied Market Research, titled,Simulation Software Market by Component, Deployment Mode, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,the global simulation software market was valued at $5,135 million in 2017 and is projected to reach $10,029 million by 2025, growing at a CAGR of 8.90% from 2018 to 2025.

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Rise in demand for eco-friendly work environment, need for creating and simulating models that are less expensive than producing and testing hardware prototypes, and increase in the use of simulation software in automotive industry drive the growth of the global simulation software market. In addition, increase in focus on R&D activities and significant adoption of simulation among aerospace & defense are expected to provide lucrative opportunities for the growth of the market. However, risks associated with data security of simulation software are anticipated to hamper the market growth during the forecast period. Emerging trends such as digital twins in the industry 4.0 and use of simulation software to develop IoT supporting devices are expected to provide lucrative opportunities for the global simulation software market during the forecast period.

Based on deployment mode, the on-premise segment led the simulation software market in 2017. However, the cloud segment is expected to witness the highest growth, as product complexity, need for agility and collaboration drive the cloud-based simulation software market adoption.

The global simulation software market was led by the electronics and electrical sector in 2017 and is projected to maintain its dominance during the forecast period. However, the aerospace & defense sector is anticipated to witness the fastest growth, registering a CAGR of 13.30% during the forecast period.

Some of the key players operating in the simulation software market include Altair Engineering, Inc., ANSYS, Inc., Autodesk, Inc., Bentley Systems, Dassault Systmes, Hexagon (MSC Software Corporation), The MathWorks, Inc., PTC, Inc., Siemens PLM Software, and The AnyLogic Company.

Curcumin Market

Curcumin Market Will Reach $104.19 Million by 2025: Allied Market Research

Rise in consumer awareness regarding health benefits of curcumin, growth in demand for herbal nutritional supplements and increase in the scope of application of curcumin in the cosmetic and pharmaceutical industry are the major factors that drive the global curcumin market.

According to a new report published by Allied Market Research, titled,Curcumin Market by Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025 the global curcumin market was valued at $52.45 million in 2017, and is projected to reach $104.19 million by 2025, registering a CAGR of 8.9% from 2018 to 2025. In 2017, the pharmaceutical segment accounted for more than 50% share of the global curcumin market in terms of value.

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Curcumin is a bioactive compound found in turmeric, known for its powerful medicinal and therapeutic properties. It has been used as a spice and medicinal herb for thousands of years in Asian countries such as India, Thailand, Indonesia, and others. Owing to its anti-inflammatory, antioxidant, and cartilage building properties curcumin finds extensive applications in the cosmetic and pharmaceutical industry. Medicines containing curcumin extracts are used for treatment of numerous diseases and health problems such as wound healing, treating sprains, arthritis, liver problems, diabetes, gastric problems, Alzheimer, and migraine. Curcumin extracts have been formulated in many skincare applications in the form of skin creams, ointments, powder, and others. It helps to heal and prevent dry skin, treat skin conditions such as eczema and acne, and delay the aging process. Thus, the increase in use of curcumin in cosmetic and pharmaceutical industry has propelled the curcumin market growth in recent years.

Curcumin is responsible for the aroma, color, and bitter-warm taste of turmeric. Turmeric is used as one of the most traditional spices in many Indian, Thai, and Western cuisines. It enhances and balances the flavors of all other ingredients; hence it is used for flavoring, coloring, and seasoning purpose. The focus of food manufacturers is mostly on incorporation of curcumin in food products, which is expected to provide ample opportunities for curcumin industry. Other factors such as rise in living standards, increase in preference for healthy & natural food products, rapid urbanization, and surge in demand for ayurvedic and herbal skincare products have an indirect positive influence on the growth of the global curcumin market. Nonetheless, the presence of less expensive synthetic food colorants and formulation challenges in curcumin-based items are expected to hamper the market development. Technological advancements and introduction of innovative curcumin extract products such as powder, capsules, and syrups in pharmaceutical, skincare, and other commercial applications are expected to provide lucrative opportunities for the curcumin industry during the forecast period.

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Key Findings of the Curcumin Market:

  • The pharmaceutical segment was the highest contributor to the curcumin market in 2017, and is projected to grow at a CAGR of 9.1%.
  • Europe is the quickest developing locale enlisting a CAGR of 9.5% over the figure time frame. Developing interest from purchasers combined with administrative help from the European Food Safety Association (EFSA) is expected to fuel the growth of the Europe market.
  • In 2017, North America was the most elevated donor regarding quality and volume and is projected to grow at the most astounding CAGR of 9.0% from 2018 to 2025.
  • In 2017, Asia-Pacific accounted for almost 14% of the share in terms of value in the global curcumin market and is projected to grow at a significant CAGR of 8.2%.
  • China accounted for the highest curcumin market share accounting approximately 36.5% in the Asia-Pacific region, in 2017.
  • In 2017, the food & beverage segment accounted for 33.2% of curcumin market share and is expected to grow at significant CAGR of 9.5%.

In terms of value, Asia-Pacific and LAMEA collectively contributed one-fifth share in the global curcumin market in 2017. The key players operating in the curcumin market are Biomax Life Sciences Ltd., Synthite Industries Ltd., BioThrive Sciences, Konark Herbals & Health Care, Arjuna Natural Extracts Ltd., SV Agrofood, Star Hi Herbs Pvt. Ltd., NOW Health Group, Inc., Phyo life Sciences, and Herboveda India Pvt. Ltd.

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