Awareness about Skill Based Learning and Early Childhood Development to Foster Activity Kit Subscription and E-Learning Users in India: Ken Research

The concept of activity kit subscription for kids is new in India and the industry has gained traction only in 2016-2017 and the industry has penetrated <1% of its target addressable market. On the other hand, e-learning for K12 education has gained pace since 2018 and the demand has drastically increased during COVID lockdown due to increasing preference towards remote learning.

Increasing Demand of Activity Kits: The demand from 2-6 years old has drastically increased after entry of players such as Intellikit and Xplorabox. The 2-6 years segment is also an easy segment from business point of view because activity kits preferred over e-learning or screen learning for young kids, there is relatively low academic pressure which removes demand seasonality from the segment and the activities can be easily aligned to the curriculum for this segment. Flinto the market leader is also changing its focus towards younger age group by its home-schooling product known as Flintoclass @ Home.

Changing Product Portfolio of E-Learning Start-Ups: Majority of ed-tech start-ups introduced live classes during 2020 lockdown with increasing demand of personalised remote learning. Start-ups also vertically integrated or diversified to introduce coding classes in their portfolio, for instance, BYJU’s acquired WhiteHatJr to introduce coding and on the other hand Toppr and Vedantu introduced Toppr Codr & Vedantu SuperKids respectively. Companies also introduced specialised doubt solving platforms such Toppr Ask by Toppr and Vedantu acquired doubt solving start-up Instasolv. The demand from pre-primary segment gained traction only after introduction of BYJU’s Early Learn App.

Impact of NEP 2020: The NEP promotes use of experiential learning methodology in schools; this will in turn increase awareness about skill based learning among parents and will drive parents to invest on ed-tech platforms. This also open multiple B2B opportunities for ed-tech players as schools will require educational stories, videos, games and the technology to facilitate experiential learning in classroom. Introduction of State School examinations in Grades 3, 5, and 8 could force parents to send their kids to take additional tuition classes which can help ed-tech companies to expand their user base among younger age groups. Other reforms such as change in report cards, use of regional languages, and introduction of vocational courses and formalisation of schooling for 3-5 years old open multiple windows for the ed-tech industry.

According to a report by Ken Research titled “India Experiential Learning Market Outlook to 2025- Driven by Growing Awareness About Early Childhood Development Backed by Availability of Popular Kids-Friendly Themes” the K8 Activity Kit Subscription Industry and K12 E-Learning Industry have grown at CAGR (FY’15-FY’20) 103.9% & 41.5% respectively. Increasing awareness about ill-effects of futile screen time on kids and importance of early childhood development has derived the growth in the activity kit subscription industry. Increasing funding activities have enabled e-learning start-ups to attract parents by using their cleverly designed pompous marketing campaigns.

Key Segments Covered:-

K8 Activity Kit Industry Revenue By Age Group

2-4 years

4-6 years

6-8 years

8-10 years

10-12 years

+12 years

K8 Activity Kit Industry Revenue By Subscription Type

3 Months

6 Months

12 Months

Others (1 Month, 2 Month & 9 Month)

K8 Activity Kit Industry Revenue By Regions

Tier 1 Cities

Tier 2 Cities

Tier 3 Cities

K12 E-Learning Industry Revenue By Grade

UKG and LKG

Grade 1-5

Grade 6-8

Grade 9-12

Key Target Audience:-

E-Learning Companies

Activity Kit Companies

Toy Companies

Schools

Pre-School

Government Authority

Time Period Captured in the Report:-

Historical Period: FY’2015-FY’2020

Forecast Period: FY’2020-FY’2025

Companies Mentioned:-

Indian K8 Activity Kit Subscription Competitive Ecosystem

Flinto (Flintobox and Flintoclass)

Magic Crate

Xplorabox

Einstein Box

Intellikit

Math Buddy

Indian K12 E-Learning Competitive Ecosystem

BYJU’s

Meritnation

Cuemath

Toppr

Vedantu

PlanetSpark

CampK12

For More Information on the research report, refer to below link:-

India Experiential Learning Market

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Saudi Arabia E-Learning Market Outlook to 2025 - Rising initiatives by Government and Growing K-12 Enrollments to Boost E-Learning Market

Working Professional & Ed-Tech/University Paradigm Analysis for Online Up-skilling/Re-Skilling Programs during COVID-19 period

India Ed-Tech Driven Career Programs Market Outlook To 2025 – Increasing Technological Capabilities Of Ed-Tech Companies To Increase Program Enrolments And Spend In Future

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Different Develpoing and Increasing Trends Across World Retaining Rings Market Research Report 2024 (Covering USA, Europe, China, Japan, India and Etc) Outlook: Ken Research

 A retaining ring may be a fastener that holds elements or assemblies onto a shaft or in a very housing/bore once put in-generally in a very groove - for only once use solely. Once put in, the exposed portion acts as a shoulder which retains the particular part or assembly. Circlips are a sort of retaining ring. Carbon steel retaining rings together with Internal Retaining Rings, External Retaining Rings. These products are expected to witness important demand over the approaching years as they increase the sturdiness of the joined elements. Carbon steel retaining rings are used in Automotive, Consumer Products, Energy, Industrial and different trade. The most proportion of carbon steel retaining rings is utilized in automotive.

Турісаl mаtеrіаlѕ uѕеd tо mаnufасturе rеtаіnіng rіngѕ аrе саrbоn ѕtееl, ѕtаіnlеѕѕ ѕtееl, аnd bеrуllіum сорреr, аѕ wеll аѕ рhоѕрhоr brоnzе, Іnсоnеl, Еlgіlоу, Наѕtеllоу, еtс. Саrbоn ѕtееl іѕ рrіmаrіlу рrеfеrrеd оwіng tо іtѕ high ѕtrеngth, gооd duсtіlіtу, аnd аn ехсеllеnt ѕurfасе fоr рlаtіng tо еnѕurе соrrоѕіоn rеѕіѕtаnсе. Ѕtаіnlеѕѕ ѕtееl іѕ uѕеd duе tо іtѕ high ѕtrеngth аnd соrrоѕіоn-rеѕіѕtаnt рrореrtіеѕ, аѕ wеll аѕ, fоr nоn-охіdаtіоn at high tеmреrаturеѕ аnd bеrуllіum сорреr іѕ uѕеd for nоn-mаgnеtіс, соrrоѕіоn-rеѕіѕtаnсе аnd gооd еlесtrісаl соnduсtоr рrореrtіеѕ.

According to the study, ‘World Retaining Rings Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ it is states that there are several corporates which presently operating a lot with effective technologies and approaches to register the most market expansion and getting a good competitive edge whereas along with the effective moneymaking methods and policies likewise joint ventures, mergers, and acquisitions, partnership, amalgamation, and product development includes Barnes Group, Cirteq Limited, Rotor Clip, American Ring, IWATA DENKO, Hugo Benzing, MW Industries, Beneri, Ochiai Co, Wurth, Smalley, Garlock, and Star Circlips.

In addition, based on the regional investigation, the World Retaining Rings Market is classified across the globe which majorly involves USA, Europe, Japan, China, India and the last region is South East Asia. Europe is expected to be the main country across the world in terms of market share attributable to the rising number of Retaining rings consumers within the region. While, the underdeveloped countries across the Asia Pacific region is also expected to exhibit highest rate of growth/ CAGR over the forecast period.

Тhе ѕtеаdу growth of еnd-uѕеr іnduѕtrіеѕ like аеrоѕрасе, аutоmоtіvе, соnѕumеr аррlіаnсеѕ, gеnеrаl іnduѕtrу, соmрutеrѕ, еtс. iѕ аntісіраtеd tо drive the growth of the rеtаіnіng ring’s market in North Аmеrіса. As the funсtіоnіng of rеtаіnіng rіngѕ іѕ соmраrаtіvеlу ѕmооthеr, аѕ thеу rеquіrе thе lеаѕt рrераrаtіоn of thе ѕurfасе rеlаtеd tо ѕhаft or hоuѕіng predicted to propel the market growth. Тhе rеtаіnіng rіngѕ have ехtеndеd bеnеfіtѕ of роѕіtіоnіng ассurасу аѕ соmраrеd tо trаdіtіоnаl fаѕtеnеrѕ. Тhіѕ fасtоr ехресtеd tо fuel thе growth of world rеtаіnіng rіngѕ market in thе fоrесаѕt реrіоd. In аddіtіоn, thе low price аѕѕосіаtеd with rеtаіnіng rіngѕ offers а соѕt benefits tо mаnufасturеrѕ, thіѕ іѕ ехресtеd tо rise аdорtіоn of rеtаіnіng rіngѕ in vаrіоuѕ еnd-uѕе іnduѕtrіеѕ during the coming years аnd ехресtеd tо rеѕult in thе prominent grоwth of World Retaining Rings mаrkеt over the coming years more effectively.

For More Information, Click on the Link Below:-

World Retaining Rings Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Profitable Insights Of Global Ski Gear And Equipment Market Outlook: Ken Research

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Skiing has a history of nearly five millennia. The roots of modern skiing can be traced to Scandinavia. In keeping with ancient paintings, skiing may have been practiced in China for more than 100 centuries. Asymmetrical skis were utilized until the late 19th century, at least in Sweden, and northern Finland. Skiing is typically a competitive winter sport, or a recreational activity, during which the contestants use skis to skate on snow. Skiing, sometimes, can be used as a way of transport. Varied skiing sports or activities are acknowledged by the International Olympic Committee, and International Ski Federation. In these sports some equipment’s are used for safety purposes is like a helmet, ski boots, ski protection, and many more.

According to the study, ‘World Ski Gear & Equipment Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ it is calculable that there are several key players like Burton, Atomic, Rossignol, Head, Goldwin, Descente, Swix, Columbia, Decathlon, K2 Sports, Uvex, Fischer, Helly Hansen, DC, Black Diamond, Phenix, Mammut, Volkl, Dianese, Scott, Lafuma, Smith Optics, and several others which are presently functioning successfully for dominate the foremost effective growth of the market and getting the productive competitive edge although while implementing the effective strategies like joint ventures, mergers, and acquisitions, partnership, merger and products development. The world ski gear market can be separate based on application, product, end-user, and region. Depend on the product, the ski gear market will be classified into ski boots, skis & snowboard, ski apparel, ski protection, and others. Skis & snowboards hold a significant share of the ski gear market in Europe. In terms of application, the ski gear market will be classified into telemark, Alpine, Nordic, and others. Supported end-user, the ski gear market can be segmented into men, women, and kids.

The regional investigation of world ski gear and equipment, the market is taken into the account for the key regions like the USA, Europe, Japan, China, India, and the last one in South East Asia. North America anticipated being the most country over the world due to the growing consumption of the merchandise in ski gear equipment. Whereas, Europe is in addition anticipated to exhibit the highest rate of growth / CAGR over the forecast period.

Large-scale development of infrastructure for skiing is driving people to participate in skiing sports, which in turn, is anticipated to spice up the ski gear market within the close to future. Countries across the world that experience snowfall is implementing varied initiatives to spice up skiing as a recreational activity or sport. This is often as a result of the ski gear and equipment industry is probably going to propel the economy of the country. Governments and resorts are also giving various initiatives and sports-related to ski gear and equipment in order to extend contribution within the sport. All the factors mentioned above are expected to increase the ski gear and equipment market.

Furthermore, increasing the participation rate in outside activities like skiing and other snow sports, increasing government initiatives to encourage participation in skiing, and growth within the variety of ski resorts are a number of the key factors driving the sales of ski gear & equipment globally. Makers of ski gear & equipment are more focused on developing and launching new and innovative merchandise to satisfy the dynamic requirements and demands of customers by utilizing advanced technology. In recent years, the number of women participants in various sports has gone up globally as well as snow sports like skiing, therefore vendors are introducing ski gear & equipment specifically for women. Therefore, in the near years, it is predicted that the market of ski gear & equipment will increase around the globe more effectively over the forthcoming decades.

For More Information on the Research Report, refer to below links: -

Global Ski Gear And Equipment Market

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Global Ski Gear & Equipment Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

India Experiential Learning Market Outlook to 2025: Ken Research

 The report titled publication “India Experiential Learning Market Outlook to 2025- Driven by Growing Awareness About Early Childhood Development Backed by Availability of Popular Kids-Friendly Themes” provides a comprehensive analysis of the K8 Activity Kit Subscription Industry and K12 E-Learning Industry in India. The report provides the industry size basis revenue and number of subscribers of the activity kit subscription industry in India, ecosystem analysis, subscriber profile basis various socio-demographic variables, market segmentations, cost-revenue model, organizational structure analysis, marketing strategies, competition benchmarking, porter five force analysis, COVID impact, future projections and expected trends & challenges.

The report also talks about new trends witnessed in the industry along with new strategies & future way forward for an K12 E-Learning to move ahead. The report discusses the paid and unpaid e-learning users profile, funding & M&A activities, detailed competition analysis in e-learning and concludes with analyst recommendations providing a go-to-model for the industry.

K8 Activity Kit Subscription Industry

Market Overview

The activity kit industry in India is at its nascent stage and has penetrated <1% of its target addressable market. The industry has gained prominence since 2016 with entry of new players. The subscription price is highly volatile due to presence of demand seasonality. Over the review period, the activity kit market in India observed a healthy growth both in terms of revenues as well as number of subscribers.

By Age Group

Majority of activity kit subscribers are from 6-10 years age group category followed by 4-6 years, 2-4 years, 10-12 years and +12 years. There is a slight shift in focus towards 2-6 years old category after introduction of Intellikit and Xplorbox. The 2-6 years category is a easy audience from business perspective as the themes and boxes are simple for younger kids, there is no demand seasonality and parents prefer activity kits over e-learning to avoid the harmful screen time for young kids.

By Subscription Type

Majority of subscribers prefer 3 month subscription followed by 6 months, 12 months and others, however majority of revenue comes from 6 month subscribers due to huge difference in subscription price. Due to lack of awareness subscribers usually use 3 month subscription as a trial subscription. Majority of parents subscribing to activity kits are corporate employees and they prefer 6 months over 12 months to avoid a massive one time payment.

By Region

Majority of demand comes from tier 1 cities including Delhi, Bangalore, Mumbai and Chennai followed by tier 2 and tier 3 cities. Social media marketing and B2B partnerships with schools will help companies to penetrate in different tier 2 and tier 3 cities.

Competition Scenario

The activity industry faces highly concentrated competition with top 2 companies accounting for +90% of market share. There are ~10-15 firms competing on the basis of pricing, product quality, and brand value, type of activities, geographical presence and R&D strength.

Future Strategies-The Way Forward

The industry revenue is expected to grow with a double digit CAGR in the next 5 years. The industry will face competition from international players such as Mel Science. Companies are expected to venture into B2B business which in turn will enable them to expand their B2C presence. With increasing traction towards interactive learning, companies can add digital app based engagement in the package. Company can provide digital games and align the solution to the curriculum.

K12 E-Learning Market In India

Industry Overview

The K12 E-Learning industry is as its growth stage in India. The industry revenue is growing with a double digit CAGR and the industry experienced drastic increase in revenue and number of paid users during the lockdown in 2020. Increasing internet penetration and shift in preference from rote learning to experiential learning has been driving the growth in the industry. During 2020, live classes and new-age skill development courses such as coding, web development, etc. has gained traction. New business models such as revenue sharing and commission model has also emerged recently.

By Grade

Majority of revenue comes from Grade 9-12 users followed by 6-8 grade, 1-5 grade and pre-primary. Pre-primary grade has gained traction after introduction of BYJU’s Early Learn app in collaboration with Disney. The demand from Grade 1-8 grade is expected to grow at the fastest pace with introduction of state exams for class 3^rd, 5^th and 8^th according to the NEP 2020.

Competition Scenario

The competition in the industry is fierce, with companies competing on the basis of technological stack, teaching methodology, geographical presence, product portfolio, and price and after sale service. There is increasing market consolidation with companies with heavy financial backing are taking over other ed-tech companies providing different type (school curriculum assistance, test-prep, coding, etc.) of courses. For instance, BYJU’s acquired WhiteHatJr to provide coding coaching and Aakash acquired Meritnation to expand in school curriculum coaching for younger age groups.

Future Strategies-The Way Forward

The E-Learning industry is expected to take over the unorganized tuition classes industry in India. After implementation of lockdown in 2020 and introduction of NEP 2020 use of experiential learning platforms have drastically increased. E-learning players are expected to take over activity kit providers to provide a one-stop-shop to its users. Increasing funding by local & international investors will enable company to implement big marketing campaigns to drive the growth in number of paid users.

Key Segments Covered:-

K8 Activity Kit Industry Revenue By Age Group

2-4 years

4-6 years

6-8 years

8-10 years

10-12 years

+12 years

K8 Activity Kit Industry Revenue By Subscription Type

3 Months

6 Months

12 Months

Others (1 Month, 2 Month & 9 Month)

K8 Activity Kit Industry Revenue By Regions

Tier 1 Cities

Tier 2 Cities

Tier 3 Cities

K12 E-Learning Industry Revenue By Grade

UKG and LKG

Grade 1-5

Grade 6-8

Grade 9-12

Key Target Audience:-

E-Learning Companies

Activity Kit Companies

Toy Companies 

Schools

Pre-Schools

Government Authority

Time Period Captured in the Report:-

Historical Period: FY’2015-FY’2020

Forecast Period: FY’2020-FY’2025

Companies Mentioned:-

Indian K8 Activity Kit Subscription Competitive Ecosystem

Flinto (Flintobox and Flintoclass)

Magic Crate

Xplorabox

Einstein Box

Intellikit

Math Buddy

Indian K12 E-Learning Competitive Ecosystem

BYJU’s

Meritnation

Cuemath

Toppr

Vedantu

PlanetSpark

CampK12

Key Topics Covered in the Report:-

Target Addressable Audience, Serviceable Addressable Market and Share of Market for Experiential Learning

Existing Gaps in Experiential Learning Industry

Supply Ecosystem

Marketing Strategies, Marketing Expenditure and Customer Acquisition Cost

Organizational Structure of Activity Kit Company

Cost-Revenue Model and Unit Analysis

Working Model in E-Learning Industry

Revenue Streams in E-Learning Industry

Technological Stack

Impact of COVID

Funding Rounds and M&A Activities

Demand Side Survey Analysis

Impact of NEP 2020

Analyst Recommendation

For More Information on the research report, refer to below link:-

India Experiential Learning Market

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Saudi Arabia E-Learning Market Outlook to 2025 - Rising initiatives by Government and Growing K-12 Enrollments to Boost E-Learning Market

Working Professional & Ed-Tech/University Paradigm Analysis for Online Up-skilling/Re-Skilling Programs during COVID-19 period

India Ed-Tech Driven Career Programs Market Outlook To 2025 – Increasing Technological Capabilities Of Ed-Tech Companies To Increase Program Enrolments And Spend In Future

Contact Us:-

Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Dissimilar Trends and Developments Across World Rooftop Solar Photovoltaic (PV) Installation Market Research Report 2024 (Covering USA, Europe, China, Japan, India And Etc.) Outlook: Ken Research

 Rooftop solar PV installation is an electrical installation that converts solar energy into electricity. Within the recent years, solar photovoltaic rooftop has emerged as a potential green technology to combat climatic change by decreasing dependence on conventional fossil fuel based mostly energy. Rooftop solar PV systems are distributed power generation systems that helps to fulfil buildings energy desires by offer electricity inside an existing distribution network. The rooftop PV (RTPV) systems are smaller in size and are installed on rooftop residential and industrial buildings.

According to the study, ‘World Rooftop Solar Photovoltaic (PV) Installation Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)’ it is states  that there are numerous company which presently functioning with success for dominate the foremost effective enlargement of the market and obtaining the productive competitive edge while accepting the productive techniques like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes Trina Solar, Sun Power, Canadian Solar, Solar world, Hanwha, Yingli, Jinko Solar, Kyocera Solar, JA Solar, Sharp, Longi Solar, First Solar, Risen, Eging PV, GCL and several others.

Rooftop solar shows an enormous potential by the entire utilization of unutilized rooftops. Rooftop solar PV are used in urban areas, due to handiness of taller and multi-storey buildings. Moreover, solar RTPV systems exhibit large potential within the developing countries, like India, wherever transmission and distribution losses through utility are more than 30%. Furthermore, the rise in demand for energy in addition to depletion of fossil fuels, has more led to the demand of rooftop solar PV systems in each residential and industrial spaces.

Moreover, solar energy being renewable source of energy, helps to fulfil the country specific policy goals for secure, reliable, and reasonable energy by providing electricity access with lesser worth variations. And so, decrease in price of solar energy has led to the demand for production of solar power that proves to be an economical resolution.

The regional investigation of world Rooftop Solar Photovoltaic (PV) installation market is taken into the account for the key regions like USA, Europe, Japan, China, India and last one is South East Asia. Europe is predicted to the most prominent country across the globe due of the enforcement of demanding regulatory norms within the region. Whereas, North America is in addition anticipated to exhibit highest rate / CAGR over the forecast period 2020-2026.

Furthermore, the world rooftop solar photovoltaic installation market has witnessed a rise in demand, due to the provision of solar energy and increase in demand for electricity. Moreover, varied encouraging and incentivized steps are taken by government, like feed-in-tariff in addition to introduction of gross metering policy has further led to development of rooftop solar PV. Additionally, rise in adoption of distributed PV technology globally is predicted to spice up the market growth. Thus, the Rooftop Solar Photovoltaic (PV) Installation Market will increase in forthcoming years.

For More Information, Click on the Link Below:-

World Rooftop Solar Photovoltaic (PV) Installation Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Best B2B Service Providers In Indonesia Market Outlook: Ken Research

 As you would have thought, with the momentous developments in the markets along with the institution of advanced technologies in the business properties in the respective economy the market research has played a substantial role as it proved to be an important element to progress the entire profile of the companies. During recent times, there are ever additional tools, both free and premium that boom up of restructuring market research and distributing invaluable purchaser feedback.

Every individual business is disparate: the businesses are special, and the decisions they build or generate depend on a capriciousness of factors, like location, industry, company size/structure, and numerous others. Some attempt to prominent them collected into large groups can deliver pointless results. The establishments in the manufacturing and indiscriminately circulation space has roughly exclusive challenges when it descends to doing the king of best B2B service providers in Indonesia compulsory to describe their business strategies.

Not only has this, the best B2B service providers in Indonesia, determining the outsized sample magnitudes is often challenging, owing to the skirmish of finding a mammoth enough number of the accurate groupings of people who are whole-hearted to share information.

The best B2B service providers in Indonesia may demand to find accurate individuals within the precise natures of the businesses, whether they are decision-makers at a detailed level in the company pyramid, or in a precise department such as marketing or sales.

Furthermore, the corporates of B2B market research require robust market research owing to it tells them who their regulars are, and why they attain their outputs. It also suffers them to assisting out the metrics which encompass the cost per acquisition of the consumer, and it affords a Cristal a clear understanding of what the market petition in a good or service.

Although, the B2B market research undergoes the corporations to attain the appreciated information connected to the competitors, coming moneymaking opportunities, current market trends, consumer insights, economic shifts, and numerous others. Furthermore, the B2B market research also effectively supports businesses to distinguish the advanced improvement opportunities and hurdles in the money-spinning duration of intensifying the business.

Moreover, the customers of the B2B behave contrarily during a recent time, and this is a share of the cause of why the B2B market research is indispensable. The impending purchasers utilize the capability of the internet to educate themselves, to estimate and limit the observations of the other clients, and to slight down their grades of the impending vendors.

The managers of the B2B can access new analytics tools and mammoth data deliver the cutting-edge developments of function. The business managers also have an unpredictability of cradles they admittance to preserve informed.

Furthermore, during the coming years, with the noteworthy improvement in the functions of the researchers in this market it is probable that the B2B market research corporates will augment around the globe more suggestively over the coming years.

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Global Défense Equipment Maintenance, Repair, And Overhauling Services Market: Ken Research

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North America was the largest region in the global Défense equipment maintenance, repair, and overhauling services market, accounting for 36% of the market in 2019. The Asia Pacific was the second largest region accounting for 29% of the global Défense equipment maintenance, repair, and overhauling services market. Africa was the smallest region in the global defence equipment maintenance, repair, and overhauling services market.

Robotics and Unmanned Aerial Vehicles (UAVs) are widely used in the Aircraft Parts Manufacturing, Repair & Maintenance market. These help in automated inspections by capturing images, comparing them against the respective 3D models (digital twins) and reporting any damage which requires further inspection or repairs. It also helps the companies to shorten inspections by several hours and work can be done more accurately and safely. Companies that are actively making civil UAV's include DJI, Parrot, and 3DRobotics.

The Défense equipment maintenance, repair and overhauling services market consists of sales of defense equipment maintenance, repair, and overhaul services and related goods by entities (organizations, sole traders, and partnerships) that provide MRO services for all kinds of air, sea, and land-based defense equipment, including fighter aircraft, military helicopter, battleships, submarines, armored vehicles, missiles, and rocket launchers.

The global defense equipment maintenance, repair, and overhauling services market is expected to decline from USD 59.7 billion in 2019 to USD 55.3 billion in 2020 at a compound annual growth rate (CAGR) of -7.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach USD 59 billion in 2023.

For More Information on the Research Report, refer to below links: -

Global Défense Equipment Maintenance, Repair, And Overhauling Services Market

Related Report: –

Defense Equipment Maintenance, Repair And Overhauling Services Global Market Report 2019

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249