Airbags are inflatable cushions that have been primarily developed to protect passengers and drivers from serious injury in cases of major collision. Air bags are an essential component of air cushion restraint systems, which aim to supplement the primary protections provided by seat belts. The system normally comprises tor lamps, air bag, steering wheel, connecting coils, gas generator, diagnostic monitoring units, and crash sensors.

It is fairly common for automobiles to earn better safety ratings and certification based on their airbag systems. Automotive air bag systems include frontal, side torso and side curtain airbags. Premium vehicle versions are also likely to be installed with rear-seat airbags.

Leading Innovations in the Airbag Industry

The future of airbag technology is expected to make automotive travel much safer. Some of the major innovations becoming mainstream in the auto sector include inflatable seat belts, which provide a marked reduction chest, head, and neck injuries. Also, knee airbags have made advances, which are largely designed to reduce injuries to limbs and organs of the lower body. These driver airbags are wedged between glovebox panels, which inflate towards the front of the driver and front passenger’s legs.

Another prominent innovation has been the front center airbag. Introduced initially by General Motors, this type of airbag is positioned towards the center of vehicle, between the front seats, and is aimed to reduce the impact of passenger side crashes, and reduce damage from impacts between the driver and other passengers.

Innovations to Minimize Airbag Injuries

The deployment process of airbags takes place in the span of a few milliseconds, owing to the explosive force created by the gas generator in inflating the bags. Consequently, people hit by airbags are liable to be injured and in rare cases even killed. To solve the issue, auto OEMs have replaced conventional airbags with depowered variants, which substantially reduce inflation forces.

Further, modern airbags have improved on functionality with dual stage designs, which can deploy in varying speeds through the analysis of the impact, primarily to reduce injury risks for children. Another innovation in a similar vein is the venting airbag which relies on the forward movement of the passenger or driver to inflate, reducing the speed of inflation in lower intensity impacts.

Future Prospects of Automotive Airbag Market

According to a recent study by Future Market Insights, the global automotive airbags market is expected to rise strongly and surpass US$ 25 billion in the coming decade. Government and international initiatives to cut down the number of road fatalities, which has forced automotive OEMs to install airbag systems in both mainstream commercial vehicles and passenger cars.

The industry is expected to witness significant improvements in active pre-collision technologies. Sensors, and by wire technologies have major advancements in driver assistance functionality to improve crash mitigation, allowing deployment even before the accident with low energy.

With all of these lifesaving airbag innovations, the automotive accident survival rate is likely to witness a significant increase in the near future. Manufacturers in the curtain automotive airbag market have been observed designing wearable versions of airbags, aimed towards two-wheeler riders. Some air bag systems are also developed to protect the car exteriors to minimize the change of injuries to passengers within. Changing safety regulations will remain major influencers for developments in the global automotive airbag marker for the foreseeable future.

Fiber drums are used for storing and shipping of a variety of products including food products and flavourings, dye and colorants, adhesives, rolled sheet material as well as various hazardous chemicals. Fiber drums are a cost-effective alternative to more expensive plastic and steel drums or barrels. Fiber drums are also eco-friendly and recyclable in nature. They are sturdy and can hold a great deal of weight in either liquid or solid form. Fiber drums fulfil a wide range of packaging requirements in industries such as pharmaceuticals, chemicals, agro, and food processing.

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In the report, FMI suggests that the chemical segment in end-use industry is expected to play a key role in the growth of the fiber drums market during the forecast period. Fiber drums are expected to witness substantial growth in many emerging countries owing to the rise in demand of fiber drums in the retail sector. The chemical segment in the fiber drums includes glue, dyestuff, and colourants. Research also suggests that the food and agro-allied segment in the end-use industry is anticipated to have positive potential in the growth of the fiber drums market. The growth is mainly attributed to the contributions of countries like India, China, and ASEAN countries in the APEJ region. Manufacturers are adopting fiber drums as they reduce the manufacturing costs and increase efficiency. North America is expected to have high potential growth, considering that most of the manufacturing sector has been captured by the chemical segment in fiber drums. The growth in intercontinental trade of fertilizers and chemicals is anticipated to boost the growth of the global fiber drums market. China is expected to be at the forefront, spearheading the growth of the Asian fiber drums market during the forecast period. According to the research by FMI, the fiber drums market has witnessed rapid growth in the past couple of decades due to a steady rise in the end-use industry. However, fluctuation in plywood or Kraft paper prices may affect the fiber drums market globally.

The growing retail sector and increasing use of high capacity drums are some of the key drivers for the growth of the global fiber drums market. Budding demand in end-use applications such as chemical, food and agro-allied industries is also escalating the market. Fiber drums are required to meet certain high-quality international shipping standards. Hence, both hazardous and non-hazardous materials can be transported through them.

Preview Analysis of Fiber Drums Market Segmented by (Closure Type - Metal Closure, Plastic Closure & Fiber Closure; Capacity - Below 25 Gallons, 25-50 Gallons, 50-75 Gallons & Above 75 Gallons; End Use - Chemical Industry, Food & Agro-allied Industry, Pharmaceutical Industry, Building & Construction Industry & Others;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2027: https://www.futuremarketinsights.com/reports/fiber-drums-market

The key players in the fiber drums market are focusing on enhancing their production capacity, both by establishing new production facilities and by modifying existing sites. The key motive is to have a global presence through acquisitions, collaboration, or exports. The manufacturers of fiber drums are likely to eye the lucrative regions of APEJ in the coming years. Growing industrialization in the emerging countries is expected to be the fundamental driving force behind the growth in demand for fiber drums.

Key players considered in the report on fiber drums market include Grief Inc., C.L.Smith, Mauser Group B.V., TPL Plastech Ltd., Industrial Container Services, Three Rivers Packaging Inc., Milford Barrel Co. Inc., Orlando Drum and Containers Corporation, Enviro-Pak Inc., Sonoco Product Company, Fibrestar Drums Limited, Great Western Containers and Patrick J. Kelly Drums, Inc. Many unrecognized and local players are expected to contribute to the global fiber drums market in 2018-2027.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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According to Future Market Insights analysis, the global jerry cans market is expected to hold a market value of over US$ 2,700 Mn in 2017, reaching a valuation of over US$ 4,600 Mn in 2027. The market is anticipated to grow at a 5.5% CAGR during the forecast period 2017 - 2027. The report systematically indicates how various factors such as a devalued Euro and an increasing acceptance of reused cans has impacted the global jerry cans market.

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Global Jerry Cans Market: Segmental Highlights

The global jerry cans market is segmented based on different parameters. The analysis of these segments helps in understanding each and every aspect of the market to get a clear view with more accuracy. Some of the key highlights of the segmental analysis are:

• By material type, plastic (HDPE) segment is way ahead of the metal segment in terms of market value, with a projected valuation of over US$ 3,900 Mn in 2027 growing at the rate of 5.6% during the forecast period.
• On the basis of end use, the food and beverages segment leads the market with an estimated market value of over US$ 2,300 Mn in 2027. However, the petroleum and lubricants segment dominates the other end use segments in terms of CAGR during the forecast period.
• By capacity size, the global market is dominated by the 10-25 litres segment. However, the above 25 litres segment is also in tough competition with a higher growth rate during the forecast period.
• On the basis of region, Asia Pacific is expected to witness the highest demand for jerry cans helping this regional market to have the maximum market value with a CAGR of 7.2% during the forecast period. The Latin America jerry cans market is expected to register a good CAGR during the forecast period.

Browse Research Release at https://www.futuremarketinsights.com/press-release/jerry-cans-market

Global Jerry Cans Market: Competitive Analysis

The report includes a brief analysis of the competitive scenario of the global jerry cans market. It presents the profiles of key players in the market along with their current developments and future market strategies. Some of the companies mentioned in the report are Time Technoplast Ltd., Greif, Inc., Scepter Canada Inc, SCHÜTZ GmbH & Co. KGaA, Parekhplast India Limited, Barrier Plastics INC., Yates Steels Pvt. Ltd, Kadu Jaya Perkasa, Plastic Container Packaging Corporation, Mauser Group B.V, . Singa Plastics limited etc.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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The herb oil market study provides an outlook through metrics such as Y-o-Y growth, CAGR and absolute dollar opportunity to provide readers all the quantitative data pertaining to the herb oil market that they require. The report has taken an in-depth look at the supply chain by evaluating the relationship that exists between various supply chain partners or stakeholders and highlighted the cost structure that exists in the herb oil market. The pricing analysis, raw material source analysis and a list of distributors has been included in this section of the herb oil market report. At the end of the report, a list of important participants is provided on a regional intensity map.

The report includes the company profiles of key manufacturers of herb oil in North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and the Middle East and Africa. All the key applications of herb oil have been considered based on secondary sources. Some of the key data points involved in the modelling approach include the food & beverages industry scenario, pharmaceutical industry scenario and personal care industry scenario. The market has been forecasted based on constant currency rates.

A detailed study of the herb oil market has provided our analysts observations pertaining to a shift towards the consumption of herb oil over the forecast period. Consumers are increasingly preferring naturally derived food products, especially herb oil, due to the benefits offered by them.

A number of primary and secondary sources were consulted during the course of the herb oil study. Secondary sources include Factiva, Hoovers, U.S. Food and Agriculture Organization databases, country associations and company annual reports & publications. This report covers market dynamics related to herb oil that include the drivers & trends of each segment and opportunities in the herb oil market. The report also includes an analysis and insights into the potential of the herb oil market in specific regions. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of herb oil manufacturers and recent developments in the herb oil market space. Some of the key players in the herb oil market are Young Living Essential Oils LC, Symrise AG, Givaudan SA, International Flavors & Fragrances Inc., Biolandes SAS, DoTERRA International LLC, The Lebermuth Company, China Flavors and Fragrances Company Limited, Citrus and Allied Essences Ltd. and Enio Bonchev Production Ltd.

Global Herb Oil Market – By Product Type

• Basil
• Mint
• Thyme
• Dill
• Other Herbs

Global Herb Oil Market – By Application

• Personal Care and Cosmetic
• Food & Beverage
• Pharmaceutical
• Aromatherapy
• Industrial
• Other Application

Global Herb Oil Market – By Extraction

• Distillation
• Solvent Extraction
• Cold Pressing
• Other Extraction Method

Global Herb Oil Market – By Sales Channel

• Specialty Store
• Modern Trade
• Drug Stores
• Online Store
• Other Sales Channel

Global Herb Oil Market – By Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

The data scrutiny of the global herb oil market is estimated in terms of value consumption. To arrive at the consumption of herb oil, the production data of countries producing different types of herbs across the globe has been taken into consideration. In addition, the production and application of herb oil in top producing countries is tracked for benchmarking. Furthermore, Future Market Insights has estimated volume data on the consumption of herb oil for several countries by understanding the demand and supply of herb oil. This includes a scrutiny of the production, growth, volume & value sales, transition, pricing, population and consumption of herb oil among end-user verticals.

FMI then determined the volume consumption of herb oil across various regions, including North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan and Middle East and Africa. Forecasting is done based on an internal proprietary model using different macro-economic industry-based demand-driving factors that impact the market and its forecast trends by identifying and allocating a weighted score to forecast factors that influence the demand for herb oil.

Given the characteristics of the market, FMI triangulated the data based on supply side, demand side and dynamics of the global herb oil market. To develop the global herb oil market forecast, FMI analysed various factors to understand their respective impact on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the herb oil market as well as identify the right opportunities.

Another key feature of this report is the analysis of the global herb oil market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the herb oil market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global herb oil market.

To understand key segments in terms of their growth and performance in the global herb oil market, Future Market Insights has also presented a market attractiveness index, which is expected to help providers identify existing market opportunities in the global herb oil market.

The report covers an in-depth analysis of all value-chain components in the global herb oil market. In the final section of the report on the global herb oil market, a competitive landscape is included to provide a dashboard view of global herb oil manufacturers.

Globally rising levels of diabetes, obesity, and cardiac issues have shifted consumer focus towards natural, fruit-based, and healthy products. This is well reflected in the recent emergence of 'superfruits', a term that refers to highly nutritious fruits. Acerola and its derivatives fit well into this context, given the fruits' impressive nutrient profile. Apart from Vitamin C, acerola is rich in pectin, pectolytic enzymes, carotenoids, fibre, Vitamin B, proteins, and other salts. Additionally, acerola extract contains relatively low calories and exhibits a fat-free nature, which further enhances its nutritional profile. Acerola extract has found wide opportunities in the cosmetics industry due to its ability to provide several skin related benefits, much of which is centred on its high Vitamin C concentration. It acts as an antioxidant and prevents free radicals that can cause skin aging; brightens the skin tone; and increases the skin's ability to retain moisture. These factors are expected to boost acerola extract demand and subsequently boost the global acerola extract market growth in terms of revenue over the forecast period.

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Segmentation highlights

The global acerola extract market is segmented on the basis of Product Form (Powder, Liquid) and Application (Beverages, Food Supplements, Meat Preservation, Snacks, Bakery Preservation, Confectionery Products, Others).

• The Powder segment is anticipated to be valued at US$ 5,057.5 Mn by 2016 end and is projected to expand at a CAGR of 8.6% during 2016 - 2026
• The Food Supplements application segment is anticipated to be valued at US$ 2,102.1 Mn by 2016 end. The Food Supplements application segment is anticipated to witness a CAGR of 8.7% between 2016 and 2026. The Beverages application segment is projected to create absolute $ opportunity of US$ 126.2 Mn in 2016 over 2015

Preview Analysis on Global Acerola Extract Market Segmentation By Product Form - Powder and Liquid, By Application - Food Supplements, Beverages, Confectionery Products, Snacks, Meat Preservation, Bakery Preservation and Others: http://www.futuremarketinsights.com/reports/acerola-extract-market

Regional market projections

The global acerola extract market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The North America acerola extract market was valued at US$ 1,728 Mn in 2015, which is likely to increase at a CAGR of 8.1% during the assessed period to reach US$ 2,715.6 Mn by the end of 2021. Increasing use in pharmaceutical applications is driving the North America acerola extract market. The APEJ acerola extract market is expected to be valued at US$ 2,835.6 Mn by the end of 2026. Increasing supply chain and production facilities in APEJ are anticipated to drive revenue growth of the market.

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Vendor insights

The global acerola extract market report features some of the leading companies operational in the worldwide market. Companies profiled in the report include Nature's Power Nutraceuticals Corp., Niagro, Naturex, Nutrilite (Amway), Duas Rodas Industrial, Diana Naturals, Nichirei Corporation, iTi Tropicals, NutriBotanica, Vita Forte Inc., Florida Food, Inc., Optimally Organic, The Green Labs LLC, Blue Macaw Flora, and Amazonia Exportacao E Representacao. Top market companies are focussing on expanding their supply chain network globally and are producing and supplying products in partnership with local players to enhance their sales and distribution network.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Food and Beverages Market Insights: http://www.futuremarketinsights.com/reports/category/food-beverages

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Global Automotive Airbags Market Estimated to Register 4.96% Volume CAGR through 2027

FMI's report projects the global automotive airbag market to register a healthy 4.96% CAGR, in terms of volume, during the forecast period 2017 to 2027. Global sales of automotive airbags will reach nearly 1500 Mn units in 2017; by 2027 this number is estimated to surpass 2000 Mn units. Consumers across countries such as the U.S. and Canada are getting more knowledgeable and aware about vehicles and driving safety. This has led to rising preference for vehicles comprising all safety equipment, including all types of airbags. Government of Latin America has made it mandatory to install drivers' and front seat airbags in every new vehicle including light trucks. This is likely to lower the number of accidents and injuries, improving safety. Such factors are expected to drive the market growth.

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In addition, growth of the market is also attributed to other factors including increasing utilisation of curtain airbags, growing demand for high performance luxury vehicles, rising number of road accidents, technology advancements, advanced safety technology, and surging demand for external airbag. However, emergence and adoption of several substitute safety technologies such as advanced seatbelts, and antilock braking system are estimated to restrain growth of the market.

By product type, drivers' airbags will remain sought-after in the market. Over 500 Mn units of drivers' airbags are estimated to be sold in 2017. In addition, sales of side airbags are projected to exhibit highest 5.6% CAGR through 2027, followed by curtain airbags and knee airbags. Although sales of passenger airbags will register lowest CAGR in the market, these will continue to be second-most preferred product in the global automotive airbag market.

Sales of Neoprene-coated Airbags to Reach Nearly 100 Mn Units by 2017-End

Neoprene-coated airbags will remain dominant in the market during the forecast period, with sales pegged to reach nearly 1100 Mn units in 2017. Sales of silicone-coated and non-coated airbags are estimated to reach 168 Mn units and 157 Mn units respectively by 2027-end. By yarn type, nylon will continue to remain preferred in the market, expanding at 5.2% CAGR through 2027, in terms of volume.

In terms of value, passenger cars will account for highest share of the market based on vehicle type, and are expected to retain their dominance in the market. In terms of volume, sales of passenger cars are projected to reach nearly 2000 Mn units, expanding at 5% CAGR through 2027. In terms of volume, sales of mid-sized cars are estimated to exhibit highest CAGR in the market. In contrast, luxury cars will continue to account for lowest sales in the market throughout the forecast period.

OEM to Remain Preferred Sales Channel for Automotive Airbags

In terms of value as well as volume, OEM will remain preferred sales channel for automotive airbags. Sales of automotive airbags through OEM are expected to surpass 2000 Mn units by 2027-end. In terms of volume, aftermarket is projected to register 4% CAGR through 2027.

Preview Analysis on Global Automotive Airbag Market Segmentation Product Type - Driver Airbags, Passenger Airbags, Side Airbags, Curtain Airbags, Knee Airbags, Other Airbags; Coating Type - Neoprene Coating, Silicone Coating, Non-Coated; Vehicle Type - Passenger Cars(Compact, Mid-Sized, Premium, Luxury), CV/LCV, HCV; Sales Channel - OEM, Aftermarket; Yarn Type - Nylon, Polyester: http://www.futuremarketinsights.com/reports/automotive-airbag-market

North America will continue to be the largest market for automotive airbags, followed by Western Europe and Asia Pacific Excluding Japan (APEJ). Sales of automotive airbags in North America are projected to exceed 500 Mn units by 2027-end. APEJ is anticipated to be the fastest growing market for automotive airbags, expanding at 6.1% CAGR through 2027. In contrast, Middle East & Africa (MEA) and Japan are projected to register sluggish growth in the global automotive airbag market.

Key market players identified in FMI's report include Autoliv, Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., Porcher Industries SA, Nihon Plast Co. Ltd., Delphi Automotive PLC, Wacker Chemie AG, Hyosung Co., Toyobo Co., Ltd., HMT (Xiamen) New Technical Materials Co., Ltd., UTT Technische Textilien GmbH & Co. KG, Key Safety Systems, PHP Fibers GmbH, Sumitomo Corporation.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Commercial Aircraft Video Surveillance Systems Installation Favored by Regulatory Standards

With growing incidences of terror attacks and a number of serious illegal activities at national as well as international levels, it is most likely that the rate of adoption of advanced security solutions will see healthy growth, subsequently driving the commercial aircraft video surveillance systems market.

After the 9/11 attack at the World Trade Centre and a heap of other instances over the years, the concept of commercial aircraft video surveillance systems came into existence. North America is projected to remain a prominent region in terms of market share in the commercial aircraft video surveillance systems market.

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The growing number of air travel passengers has also created demand for travel security solutions, which is boosting demand for commercial aircraft video surveillance systems. Global organizations, such as ICAO (International Civil Aviation Organization), Federal Aviation Administration, European Aviation Safety Agency amongst others, have mandated installation of commercial aircraft video surveillance systems within all commercial aircrafts, providing a prominent impetus to the demand growth of commercial aircraft video surveillance systems.

Cabin & Cargo Surveillance Systems Gaining Ground in Commercial Aircraft Video Surveillance Systems Market

Based on the type of aircraft, commercial aircraft video surveillance systems market is likely to sustain ~70% of the demand from single aisle (narrow body) aircraft. As the number of jet planes has been estimated to almost double by the end of next decade, commercial aircraft video surveillance systems are poised to experience healthy growth in sales over the coming years.

Preview Analysis of Commercial Aircraft Video Surveillance Systems Market Segmented by (Product Type – Cabin Surveillance systems, Cargo Surveillance Systems, Cockpit Surveillance systems & Ground Maneuvering Camera System; Aircraft Type – Narrow Body, Wide Body, Regional Jets & Turboprop; Application – Personal & Passenger Aircrafts & Logistics & Cargo Aircraft; Assembly – Retro Fit & Line Fit;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028: https://www.futuremarketinsights.com/reports/commercial-aircraft-video-surveillance-systems-market

Cockpit surveillance systems and ground manoeuvring camera systems have been installed in a majority of aircrafts. However, there has been rise in demand for cabin and cargo surveillance systems to monitor passenger and crew safety. The day/night capability camera system to analyze passengers’ behavior in a variety of cabin conditions such as dark or light is gaining popularity in commercial aircraft video surveillance systems market.

Air cargo currently represents over 35% of the global trade, by value. Major E-Commerce players such as Amazon, Alibaba, and eBay among others have been registered high reliance on air transport for express deliveries, thereby creating significant opportunities for commercial aircraft video surveillance systems installation within cargo planes.

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Europe Accounts for Nearly 1/4th Share of Market Revenue

Substantial fleet size and aircraft production have been placing North America at the leading position in commercial aircraft video surveillance market. As suggested by FMI’s report, Europe will also be a significant region, with ~25% revenue share in the global commercial aircraft video surveillance systems market.

Asia Pacific’s market for commercial aircraft video surveillance systems is anticipated to expand at relatively higher growth rate owing to the growing investments for the development of aerospace industry, rapidly expanding fleet, and increasing production and number of air travel passengers.

Commercial Aircraft Video Surveillance Systems Market: Key Vendors

The report highlights some of the top companies operating in the global commercial aircraft video surveillance systems market such as Securaplane Technologies Inc. (Meggitt Plc), UTC (United Technologies Corporation), Airbus S.A.S., AD Aerospace, Global Airworks Inc., Latecoere Group, navAero AB, Orbit Technologies Ltd., Cabin Avionics Limited, and Kappa Optronics GmbH.

For additional insights on the performance matrix, key dynamics, and trend analysis of the global commercial aircraft video surveillance systems market through 2028, write to the analyst at press@futuremarketinsights.com

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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According to a latest research by Future Market Insights, development of AI systems is fuelling the growth of global demand for neuromorphic chips. Scientists and researchers developing diverse AI platforms are integrating neuromorphic chips to improve smart functioning and reasoning abilities of machines. Governments from several parts of the world are inducing surplus expenditure towards development of AI systems, which is incidentally catalysing the demand for neuromorphic chips in the global tech industry.

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In 2015, about US$ 1.5 billion worth of revenues were attained through the global sales of neuromorphic chips. Increasing preference for neuromorphic engineering over conventional computing and a large-scale integration of analogue circuits for improving neurological & biological mimicking in smart machines continues to drive the demand in the global market for neuromorphic chips.

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Future Market Insights' report, titled "Neuromorphic Chips Market: Global Industry Analysis & Opportunity Assessment, 2016-2026," projects that the global neuromorphic chips market, which is currently valued at an estimated US$ 1.6 billion, will rake in revenues worth US$ 10,814.9 million by 2026 end. According to the report, the size of global neuromorphic chips market will expand exponentially - at 20.7% CAGR. Technical hurdles such as developing complex algorithms, and a sluggish commercialization of neuromorphic chips inhibits the market's growth to some extent. And, high costs associated with the pricing as well as production of neuromorphic chips remains a key challenge for the key players in global neuromorphic chips market.

Regional Forecast of Global Neuromorphic Chips Market

Key findings assessed while analysing the neuromorphic chips market across several regions in the world include,

• North America's neuromorphic chips market is projected to be valued at nearly US$ 3 billion by the end of forecast period.
• In 2015, Western Europe recorded US$ 304.5 million revenues through sales of neuromorphic chips, rendering it the second-most dominant region in the global market after North America.
• Nevertheless, the neuromorphic chips revenues attained in Asia Pacific excluding Japan (APEJ) region will increase at the fastest growth rate, exhibiting a stellar 23.6% CAGR through 2026.
• Following APEJ, the Japanese neuromorphic chips market is estimated to be valued over US$ 1.6 billion by 2026-end.
• Demand for neuromorphic chips in Middle East & Africa will be comparatively less, while the expansion of neuromorphic chips market size in Eastern Europe and Latin America is predicted to be more than 17% CAGR throughout the projection period.

Preview Analysis on Global Neuromorphic Chip Market Segmentation by Application - Image Recognition, Signal Recognition, Data Mining and Others; By Vertical - Aerospace & Defence, Automotive, Consumer Electronics, Healthcare, Industrial and Others: http://www.futuremarketinsights.com/reports/neuromorphic-chip-market

Global Neuromorphic Chips Market: Competitive Backdrop

Industry leaders and tech giants such as IBM Research Inc. and Intel Corporation are participating in the growth of global neuromorphic chips market. Being a leading developer of advanced integrated platforms in digital technology has favoured Intel Corporation to engaging in designing, manufacturing & computing of neuromorphic chips. In 2016, IBM Research used phase-change materials to advance the data storing & processing capacities of neurons in analog chips. Besides these, companies such as Qualcomm Technologies, Inc., BrainChip Holdings Ltd., HRL Laboratories, LLC, General Vision Inc., Hewlett-Packard Labs, and Knowm Inc., are leading participants shaping up the competitive landscape of global neuromorphic chips market.

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Global Neuromorphic Chips Market: End-users & Applications

Advanced technologies are being used for development of alternative processing chips that recognize images or 3-dimensionally classify objects while capturing live environments. So, the demand for neuromorphic chips in image recognition is less likely to grow higher over the forecast period. About 37% of global neuromorphic chips market value is currently accounted by image recognition, but is projected to steep below 35% by 2026-end. Signal recognition & data mining applications, on the other hand, will witness a considerable rise in their global market share over the forecast period. With respect to the key end-user industries, aerospace & defence, consumer electronics and automotive are expected to collective account for nearly 60% of global neuromorphic chips revenues by the end of forecast period. Global neuromorphic chips sales accounted by aerospace & defence are expected to be more than US$ 2 billion by 2026-end. Healthcare industry, on the other hand, is projected to exhibit a US$ 1.3 billion incremental opportunity from 2016 to 2026.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Rising urbanisation is the primary factor fuelling the demand for robotic vacuum cleaner. In addition, vacuum cleaners are gaining higher traction since the past few years owing to busy lifestyle of people worldwide and lesser time dedicated to household chores. Increasing consumer inclination toward automated cleaning devices is another key factor driving the growth of the global residential robotic vacuum cleaner market. Robovacs or residential robotic vacuum cleaners are lightweight, compact, portable, and possess intelligent sensors for efficient cleaning. These features, in addition to time and energy efficiency, collectively escalate the demand in market.

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Consumers nowadays are highly concerned about indoor air quality and indoor air pollution management. This is anticipated to hold a positive influence on the demand. Greater emphasis on health and hygiene will remain an important factor impacting the adoption positively. Increasing prevalence of asthma and allergic conditions spur the sales of HEPA filter-equipped vacuum cleaners. Growing awareness about managing indoor air pollution and increasing adoption of automated home appliances in developing countries will be a major factor influencing the demand in near future.

Rising R&D investments and launches of innovative products, such as vacuum cleaners with spinning brushes, UV sterilisation, and security cameras are foreseen to strongly support the market growth. Discovery of stair-climbing robot cleaner is identified to create lucrative growth opportunities. In 2015, iRobot Corporation introduced an advanced robotic vacuum cleaner (Roomba 980) that has in-built adaptive navigation, visual localisation, and connected app control. It is designed for enhanced efficiency on carpets. However, higher costs and stringent energy-efficiency regulations are likely to challenge the market growth.

Preview Analysis on Global Residential Robotic Vacuum Cleaner Market by Revenue: http://www.futuremarketinsights.com/reports/global-residential-robotic-vacuum-cleaner-market

Based on the robot type, the global market for residential robotic vacuum cleaner is classified into in-house and outdoor robot segments. In terms of value, the in-house robot segment is projected to reach US$ 1,221.8 Mn, accounting for over 81% market share by the end of 2016. Outdoor robot segment, with merely 18% share in 2016, is likely to witness a stellar Y-o-Y growth of 29.5% in 2017 over 2016.

By the mode of charging, the global residential robotic vacuum cleaner market is segmented into manual charging and auto battery charging segments.

Based on geography, the market for residential robotic vacuum cleaner is fragmented into five key regional markets viz. North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Europe will remain dominant with around US$ 665.0 Mn revenues and 44% market value share by 2016 end. APAC will continue to be another key market with over 18% market value share in 2016. MEA is identified to be the fastest growing region.

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Some of the leading companies operating in the global market for residential robotic vacuum cleaners, include Neato Robotics, Inc., Yujin Robot, Co., Ltd., Robot Corporation, Dyson Inc., Ecovacs Robotics, Inc., Hayward Industries, Inc., Samsung Electronics Co., Ltd., Philips Electronics N.V, Pentair plc, and Milagrow Business & Knowledge Solutions (Pvt.) Limited. Most of the key players are currently focusing on innovative product development to take over the competition.

Long-term Outlook: Over 2016-2021, the global residential robotic vacuum cleaner market is estimated for a robust CAGR of 12.0%, reaching a value beyond US$ 2.4 Bn by 2021 end.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Electronics, Semiconductors, and ICT Market Insights

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
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Sales: sales@futuremarketinsights.com

Press Office: Press@futuremrketinsights.com

Website: http://www.futuremarketinsights.com

Rapid digitalization and strong knowledge regarding use and efficiency of modern appliances have been largely contributing to the market growth. Steady economic growth in several countries and rising need for comfort are influencing consumers to upgrade their existing appliances to smarter variants. In addition to providing convenience, reducing manual efforts, and saving time, manufacturers are focusing heavily on product innovations to satisfy the evolving needs of their customers.

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Technology is surely bringing a paradigm shift in consumer appliances industry, and FMI's study analyzes that stakeholders are helping consumers achieve their energy conservation goals through green technologies and sustainable-centric innovations. Impressive developments in smart connectivity area are also set to gain momentum in the coming years, representing a substantial competitive advantage for the market players.

White Goods Capture Robust Share over Brown Goods

According to the study, white goods such as refrigerators, washing machines, and air conditioners have garnered relatively high traction as compared to brown goods. In recent times, these products have become standard in almost every household, backed by availability at affordable prices. Additionally, provision of smart connection in white goods, along with fast urbanization and rural electrification, especially in developing economies, remained instrumental in accelerating the overall sales of consumer appliances. Far from being confined to bigger appliances, manufacturers are also working on incorporating robotic technologies in small appliances to provide user-friendly interface and enable ease of operations.

Preview Analysis Global Consumer Appliances Market Segmentation By Product Type (Kitchen Appliances, Small Appliances, Washing Machines); By End User (Domestic, Professional); By Sales Channel (Offline, Online): https://www.futuremarketinsights.com/reports/consumer-appliances-market

As smart homes become a reality all over the world, the FMI study opines that demand for consumer appliances from households or domestic segment will continue to grow at a significant pace. Introduction of technologically advanced models which can be connected to smartphones and controlled remotely along with rise in per capita income is likely to remain a key to gaining distinct competitive edge.

Opportunities galore for consumer appliances market stakeholders, as identified by FMI study with growing working population and rapid infrastructural development, resulting into increasing number of hotels, salon & grooming parlors, and quick service restaurants (QSRs).

According to the study, growth prospects of the consumer appliances market are high in Europe, owing to strong presence of reputed brands which continuously focus on fulfilling consumers need for appliances that can perform maximum tasks with minimal resources. Newer opportunities are expected in Asia Pacific stemming from a number of trends such as increased purchasing power, growing middle class population, advances in digital transformation, and favorable government policies that encourage the use of energy-saving appliances.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-10083

As the importance of internet increases and e-commerce sites see an upsurge, stakeholders are implementing omni-channel marketing strategy to reach wide range of customers across the globe. According to the study, sales of consumer appliances through online sales are likely to register a CAGR of 4% during the forecast period.

FMI's business intelligence offers an incisive outlook on competitive scenario of consumer appliances market by discussing key strategies adopted by the players. The market shows a high level of fragmentation, with a large number of regional and local players restricting the geographical expansion of international companies. Prominent players are thus focusing on strategic collaborations and joint ventures for increased production capacities and enhanced customer base.

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About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Industrial Automation & Equipment Market Insights

Contact Us

Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44 (0) 20-7692-8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Blog: http://www.keepfacts.com
Website: https://www.futuremarketinsights.com/