North America 5G Equipment and Device Market is expected to reach US$ 320 Bn by 2030: Ken Research

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5G is the 5th Generation mobile network technology that delivers lower latency, which can enhance the functionality of corporate applications and other digital experiences including online gaming, videoconferencing, self-driving cars, etc.

According to Ken Research analysis, the North America 5G Equipment and Device Market is expected to record a positive CAGR of ~20% during the forecast period (2022-2030) and reach ~ US$ 320 Bn by 2030, driven by the growing demand for immersive content and enhanced broadband connectivity. The market for 5G devices is predicted to rise as connectivity, digital apps, and wearable technologies become more widely used. Additionally, modernizing current support infrastructures, such as modems, towers, and other support equipment, will open up a lot of doors for new players.

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The 5G’s high bandwidth and low latency capacities deliver a better experience for consumers, which is likely to leverage the deployment of 5G networks. The Covid-19 pandemic had a positive impact on the North American 5G Equipment and Device Market owing to the vital role of the mobile industry that developed focus during the pandemic as people relied on mobile networks to stay connected and access life-enhancing services. In 2020, 4% of GDP in North America was generated from mobile technologies and services. The data traffic per smartphone increased from 8.4 GB/month in 2019 to 11.1 GB/month in 2020 due to the high uptake of unlimited data plans across the region.

• The growing demand for immersive content and enhanced broadband connectivity is likely to leverage 5G’s high bandwidth and low latency capacities to deliver a better experience for consumers.
• According to the GSM Association, North America report in 2022, the 5G in the US accounts for 3% of the technology mix in 2020, and is estimated to account for 68% of the technology mix by 2025.

• US operators Verizon and AT&T are spending billions to deploy 5G in its C-band spectrum. Verizon is likely to spend about US$ 5 billion in 2022 and AT&T is expected to spend US$ 6 billion on its 5G deployment by 2023. With the rolling out of the C-band, the end user is likely to get faster speed.
• Owing to the surge in demand for 5G technology because of its low latency, operators have started investing in 5G technology providing a growth opportunity for the market.
• The deployment of the C-band spectrum is expected to drive the investment of US$ 293 billion for 5G by mobile operators in North America by 2025. It is expected to provide a middle ground for capacity and coverage of 5G networks.

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Key Trends by Market Segment

By Equipment vs Device: According to Ken Research analysis, the device segment holds the largest share of North America’s 5G Equipment and Device market, it is expected to reach a market share of ~40% by 2030.

• 5G device provides improvements in speed, capacity, latency, and network management features such as network slicing which enables mobile operators to create multiple virtual networks within a single physical 5G network.
• It provides better availability for real-time analytics.

By Testing Equipment: According to Ken Research analysis, the Signal and Spectrum Testing Equipment segment accounts for the largest share of the market, with an estimated market share of ~25% in 2021.

The growth of vector signal generators is likely to grow fastest, mainly attributed to low business risk factors and an increase in network traffic. Furthermore, the deployment of vector signal generators helps to prevent infrastructure delays and deployment issues.

The oscilloscope segment is expected to grow slowest during the forecast period (2022-2030), owing to the increase in demand for self-monitored facilities, and increased bandwidth which all are contributing to the increase of intelligence in electronic equipment. Oscilloscope has the advantage of an advanced user interface, and high acquisition rate, which is likely to drive the growth of the oscilloscope segment.

• In January 2021, Ericsson launched a 5G network slicing solution for radio access networks (RAN) which will enable communication service providers to deliver customized 5G services.
• Additionally, in February 2022, Samsung collaborated with industry-leading innovators—including providers of chipsets, cloud platforms, and servers—to expand the 5G vRAN ecosystem. This effort is made to drive multiparty collaboration and innovation for the advancement of software-based networks.

By Network Infrastructure: The Macro cell segment holds the largest market share in 2021 and is expected to grow at a CAGR of around 10% in the North America 5G Equipment and Device Market. Whereas the Small cell segment is expected to grow at a higher CAGR than the Macro cell segment during the forecast period.

• The small cell is cheaper to install and faster to deploy than the macro cell. Furthermore, it provides coverage in areas where signals are either weak or unavailable, which is likely to drive the growth of the small cell segment during the forecasted period.
• In addition, it uses low power as compared to the macro cell along with it also uses the available frequency spectrum by re-using the same frequency in a given area.

By Frequency: Mid-band is estimated to account for the largest market share of ~50% in 2022 and is forecasted grow further by 2030.

• Mid-band is estimated to grow, owing to its capacity of carrying plenty of data while traveling significant distances.
• Furthermore, mid-band supports larger channel bandwidths, they are considered ideal for 5G as it offers an optimal mix of speed, capacity, and coverage where connectivity demands are high.
• In May 2022, Nokia announced that it has extended its long-term relationship with UScellular to deploy the energy-efficient Nokia AirScale portfolio in mid-band C-Band and 3.45 GHz mid-band spectrum to boost its 5G network speed, capacity and coverage.
• In June 2022, NEC Corporation along with Tokyo Tech developed a 5G millimeter wave (mmWave). The innovative design applies two well-known techniques the Doherty amplifier and digital pre-distortion to a mmWave phased-array transceiver and overcomes the issues in conventional designs, producing exceptional energy and area efficiency and outperforming other state-of-the-art 5G transceivers.

By Device: The Smartphone segment holds the largest market share in the North America 5G Equipment and Device Market during the forecasted period (2022-2030).

• A smartphone is a portable computing device that combines mobile telephone and computing functions in one unit. It is a cellular device with advanced features owing to hardware capabilities and operating system which provide software, internet, and multimedia functionality along with calling and text messaging.
• It is connected to the cellular network and has Wi-Fi connectivity to access sophisticated applications.
• The smartphone segment is growing primarily due to the rise in demand for high-speed data for integrated Internet of things (IoT). The smartphone manufacturing player is estimated to adopt the 5G technology as a next-generation communication solution.
• In December 2021, Samsung launched Galaxy A13 5G in the United States. Samsung Galaxy A13 5G aims to provide key innovations at an accessible price, including 5G connectivity. It includes features such as a long-lasting battery, a triple-lens camera, and an edge-to-edge display.
• In March 2022, AT&T launched Samsung Galaxy Tab S8 5G+, which includes the fastest S Pen on nationwide AT&T 5G.

By End User Segment: The Individual segment holds the largest market share in the North America 5G Equipment and Device Market during the forecasted period (2022-2030).

• Individual segment includes internet-connected devices, smart TVs, and smart home devices.
• Rise in remote working, online learning, e-commerce, and virtual healthcare is likely to boost the residential 5G equipment and devices during the forecasted period.
• 5G network deployment with the development of 5G mmWave is likely to offer high-speed 5G Fixed Wireless Access (FWA) in both urban and low-density areas.
• The growth of individual segments is due to the surge in demand for 5G technology because of its latency, and the growing need for enhanced broadband capacity for virtual meetings. Furthermore, with the increasing popularity of virtual and augmented reality, artificial intelligence is likely to propel growth for the individual segment.
• In December 2021, Samsung launched Galaxy A13 5G in the United States. Samsung Galaxy A13 5G aims to provide key innovations at an accessible price, including 5G connectivity. It includes features such as a long-lasting battery, a triple-lens camera, and an edge-to-edge display.
• In February 2022, Samsung Electronics Co., Ltd. and SK Telecom (SKT) completed the industry’s first 5G-4G SA Option 4 (NE-DC, New Radio–E-UTRAN Dual Connectivity) trial in SKT’s 5G Standalone (5G SA) commercial network.

By Geography: The United States accounts for the largest share within the total North America 5G Equipment and Device market.

• US is forecasted to grow during the forecasted period, owing to the high subscriber penetration along with high consumer spending on 5G equipment and device.
• Canada is expected to witness growth as many wireless operators are expected to invest US$ 26 billion for the deployment of 5G infrastructure over the next few years hence propelling the growth of the 5G in the country
• Furthermore, an increase in the usage of mobile data is one of the main growth drivers. Mexico's mobile industry continues to be essential post-Covid-19. People have used the internet as a resource to work remotely and access educational and healthcare services. Due to this, mobile data traffic has increased significantly.

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Competitive Landscape

The 5G Equipment and Device market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche across multiple product categories.  Country niche players represent about ~55% of the competitors, while regional players hold the second largest share in terms of number of competitors. Some of the major players in the market include Samsung, Huawei Technologies Co., Ltd, ZTE Corporation, Cisco System Inc., AT&T, Anritsu, Ericsson, NEC Corporation, Verizon, BEC Technologies, and Key sight.

Recent Developments Related to Major Players

• In July 2022, Nokia joined AT&T Mexico’s 5G innovation lab as a strategic partner to explore the development of 5G use cases suited for Mexico and the local 5G ecosystem. Under the deal, Nokia will provide equipment from its energy-efficient 5G AirScale RAN portfolio, powered by its latest ReefShark System-on-Chip chipset.
• ZTE Corporation and Ooredeo Group signed the agreement for the supply of radio, cloud core, transport, and 4G/5G CPE/terminals as well as related implementation and integration services for the Ooredoo Group’s operating companies for the next five years in December 2021.
• In Nov 2021, Verizon announced its acquisition with TracFone Wireless, Inc. and TracFone, a family of brands, bringing the leading premium and value wireless brands together on the leading wireless network.
• In Feb 2022, Keysight Technologies, Inc. announced its acquisition with Sanjole, a leader in solutions for protocol decoding and interoperability of 4G, 5G, and other wireless technologies.
• Anritsu and AeroGT labs partnered in June 2022 to provide 5G Multiple-In Multiple-Out (MIMO) Over-the-Air (OTA) test platforms to characterize, test, and optimize antennas.
• On July 21, 2022, Ericsson acquire Vonage, with this acquisition Ericsson will create a market for easy-to-adopt global network application Program Interfaces which will drive the next wave of digitization.

Conclusion

 The North America 5G Equipment and Device Market are forecasted to continue the rapid growth that is witnessed since 2019, during the forecast period also, primarily driven by enhanced broadband connectivity and growing demand for immersive content.  Though the market is highly competitive with over 100 participants, few global players control the dominant share, and country niche players also hold a significant share.

Ken Research has published a report title North America 5G Equipment and Device Market Size, Segments, Outlook and Revenue Forecast 2022-2030 that is segmented by Equipment vs Device, Testing Equipment, Network Infrastructure, Frequency, Device, End User Application, and Generation and Delivery Mode. In addition, the report also covers market size and forecasts for the region's three major countries' 5G equipment and device markets. The revenue used to size and forecast the market for each segment in US$ billion.

Market Taxonomy

By Equipment vs Device                 

Equipment

Device

By Testing Equipment

Oscilloscopes

Signal and Spectrum Testing

Vector Signal Generator

Network analyzer

Others

By Network Infrastructure

Macro Cell

Small Cell

By Frequency

High-Band (mmWave)

Mid-Band (sub 6 Gz)

Low-Band (sub 1Gz)

By Device

Smartphones

Tablets

5G Hotspot Devices

Laptops

Others

By End User Segments

Individual

Industrial / Commercial Organizations

Government

By Geography

United States

Canada

Mexico

Rest of North America

Europe Green Hydrogen Market is expected to record a positive CAGR of 40% during the forecast period (2022-2030): Ken Research

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The Europe Green Hydrogen Market is expected to record a positive CAGR of ~40% during the forecast period (2022-2030), due to the rising demand for renewable energy sources, notably in electricity generation. The ongoing COVID-19 pandemic has benefited the green hydrogen industry, notably in 2020, by intensifying the trend toward decarbonization by minimizing hydrocarbon demand. Unlike grey and blue hydrogen, green hydrogen is generated by transmitting renewable energy through an electrolyzer, which separates water molecules into hydrogen gas and oxygen.

Rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions are major growth drivers for Europe’s Green Hydrogen market. For instance, according to Eurostat, a statistical office of the European Union located in Luxembourg, renewable energy sources accounted for 37% of total EU electricity consumption in 2020, up from 34% in 2019.

• In addition, wind and hydropower accounted for more than two-thirds of total renewable electricity generation (36% and 33%, respectively), while solar power increased from 1% in 2008 to 8% in 2020.
• Emergence of advanced electrolysis technologies is likely to create opportunities for a wide range of industries/sectors in the forthcoming years to reliably produce green hydrogen at a low cost from outages and evolving renewable energy sources. For instance, the EU hydrogen strategy proposed by the European Commission, plans for increasing renewable hydrogen production via electrolysis to 10 million tonnes of hydrogen by 2030, with an installed capacity of 40 gigatonnes (GW) electrolyzers.
• The high cost of producing hydrogen in comparison to fossil fuel equivalents is the most significant barrier to widespread green hydrogen adoption.

Key Trends by Market Segment

By Technology:  Alkaline Electrolysis Technology holds the largest share of Europe’s Green Hydrogen market.

• Alkaline Electrolysis Technique is a commonly used method for generating large amounts of hydrogen.
• The primary advantage of alkaline technology is that it uses a liquid electro catalyst instead of expensive metal materials.
• Alkaline electrolysis cells, which are well-known for their long-term stability and lifetime, can also be stacked in large quantities.
• For instance, in October 2021, the Council on Energy, Environment, and Water, an Indian non-profit research organization, asserted that alkaline electrolysis is the most commonly used technique or process to generate green hydrogen, with ~ 65% global market share, followed by PEM electrolyzers with ~35% market share.
• As per the International Energy Agency (IEA) statistics about global installed electrolysis capacity by technology from 2015 to 2020, alkaline electrolysis technology accounted for two-thirds of capacity in 2020, however PEM electrolyzers technology share increased from just 12% to 34% during this period.

By Application: Industrial Processes and Domestic Energy Systems together account for the majority share of the Europe Green Hydrogen Market.

Rising industrialization across European countries, as well as the large and centralized demand for hydrogen in refineries, chemical industries, and steelmaking, is fueling the demand for green hydrogen in Industrial processes, and Domestic Energy Systems.

• For instance, according to Eurostat, Germany recorded the highest value of sold industrial production in 2021, representing 27 % of the EU total, followed by Italy with 16%.
• According to European Construction Industry Federation (FIEC EU), in 2021, the volume of residential construction output in the Netherlands increased by 3.6%.
• The green hydrogen market in the mobility industry is expected to grow at the fastest rate during the forecast period (2022-2030), as green hydrogen provides three times more energy per unit than fossil fuels. In addition, the mobility industry had no other viable options for fossil fuels before the commercialization of fuel-cell-based engines. Furthermore, green hydrogen-powered vehicles are ideal for mining vehicles, trains, planes, Lorries, buses, and even marine transport. It is the best way to meet advanced countries' zero-carbon footprint targets.
• For instance, in April 2022, Transports Metropolitans de Barcelona (TMB), a Spanish transit company, announced in April 2022 its intention to incorporate 508 low-carbon buses by 2025, of which 233 will be electric and 46 hydrogen-powered.
• Additionally, in April 2022, The German Federal Ministry of Transport announced the investment of USD 644.72 Mn (600 Mn euros) for 1,600 low- and zero-emission buses.

By Generation and Delivery Mode: The captive segment holds the largest market share in the Europe Green Hydrogen Market as captive production meets the majority of Europe's hydrogen demand.

• According to the 2020 EU Fuel Cells and Hydrogen Observatory (FCHO) report, nearly 88% of total capacity is captive, while the remaining 12% is often supplied by merchant facilities.
• The merchant segment is expected to grow at a faster rate during the forecast period, owing to increased demand from small-scale industries, such as steel manufacturing and pharmaceuticals, as well as the limited capacity of medium-scale industries to afford high capital costs.
• In addition, increased investment in green hydrogen projects, combined with the company's ability to supply hydrogen at competitive prices, will drive its market growth.

By Geography: Germany accounts for largest share among all countries within the total Europe Green Hydrogen market, accounting for about 20% of total market revenue.

• France is expected to witness fastest growth during the forecast period, followed closely by Spain, owing primarily to solar and wind generation capacity growth. For instance, in December 2021, French government announced investment of nearly 2 bn euros (USD 2.14 bn) in green hydrogen technologies as part of its 2030 investment plan.
• In addition, the Spanish government created a "hydrogen roadmap" to help the country achieve climate neutrality and a 100% renewable electricity system by 2050, with goals for 2030 and a vision for 2050 to ensure that green hydrogen adds to the country's climate neutrality by 2050.
• The green hydrogen market in Poland and Italy is also expected to grow significantly in the coming years, as the Italian government has prioritized hydrogen in its plans for an ecological transition, and has made strong goals for the advancement and adaptation of this energy vector by 2030.
• Additionally, the growing adoption of hydrogen strategies for the adoption of e-fuel vehicles in Poland is increasing green hydrogen demand.

Competitive Landscape

The Green Hydrogen market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in water electrolysis tech advancement for multiple industries. Most of the country-niche players are renewable energy and equipment suppliers.

Large global players control about 45% of the market, while regional players hold the second largest share. Some of the major players in the market include Linde Plc., Shell Plc., Air Products and Chemicals Inc., Air Liquide, Thyssenkrupp AG, Nel ASA, Siemens Energy, Schaeffler AG, Toshiba Energy Systems & Solutions Corporation, Ballard Power Systems, Plug Power Inc., Bloom Energy and among others.

The leading global specialist companies such as Linde Plc, Shell Plc, Air Liquide, and Thyssenkrupp are highly focused on providing a significant number of clean/green hydrogen solutions and advanced techniques that can be used across multiple industries, including aviation, manufacturing, oil and gas, energy, and more.

Recent Developments Related to Major Players

• In July 2022, RWE, a German-based energy company, collaborated with Linde to build a 200 MW electrolyzer plant in Western Germany, to increase the site's green hydrogen production capacity to 2 GW by 2030.
• In August 2022, Shell confirms its plan to buy 4 solar plants being developed by Anesco, a UK-based solar energy company, to meet the UK's growing demand for renewable energy.
• In April 2022, Air Products announced that it will work collaboratively with World Energy, a U.S.-based company that produces and distributes biofuels, to construct a new USD 2 billion massive construction project at World Energy's California Sustainable Aviation Fuel (SAF) production and distribution hub.
• In May 2022, Air Liquide announced its plan to develop 3 GW of electrolysis for hydrogen production by 2030.
• In July 2021, Nel signed a partnership agreement for the PosHYdon project, an innovative energy transition initiative in the Dutch North Sea that intends to validate the integration of offshore wind, natural gas, and hydrogen, offshore in the Netherlands.
• In May 2021, Siemens Energy has partnered with Dubai Electricity and Water Authority (DEWA) and Expo 2020 Dubai to establish the Middle East and North Africa's first industrial-scale, solar-powered green hydrogen facility.

Conclusion

The Europe Green Hydrogen Market is forecasted to continue an exponential growth that is witnessed since 2019, during the forecast period also, primarily driven by rising demand for cleaner energy from all major industry sectors and escalating environmental issues arising from carbon emissions. Though the market is highly competitive with over 150 participants, few global players control dominant share and regional players also hold significant share.

Ken Research has recently published a report title Europe Green Hydrogen Market Size, Segments, Outlook and Revenue Forecast 2022-2030 that is segmented by Technology, Application, and Generation and Delivery Mode. In addition, the report also covers market size and forecasts for the region's six major countries' green hydrogen markets. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

By Technology

Alkaline Electrolyzer

Proton Exchange Membrane (PEM) Electrolyzer

Solid Oxide Electrolyzer

By Application

Industrial Processes

Domestic Energy Systems (Residential Premises, and Commercial Premises)

Power Grids

Mobility

By Generation and Delivery Mode

Captive

Merchant (Pipeline/Tube Trailers, Liquid Tankers, Trucks, and Ships)

By Geography

Germany

The Netherlands

Poland

Italy

France

Spain

Rest of Europe (Belgium, the UK, Denmark, Norway, Sweden, Finland, Portugal, Austria, Romania, and Others

Global Cultured Meat Market is expected to reach nearly US$ 2,000 million by 2030: Ken Research

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According to Ken Research Analysis, the global cultured meat market is expected to record a positive CAGR of ~25% during the forecast period (2022-2030) and is expected to reach nearly US$ 2,000 million by 2030, owing to the increasing number of investments for research and development of cultured meat along with rising inclination towards environmental sustainability and animal welfare.

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Key Growth Drivers

Growing consumers’ preference for nutritional diets along with increasing innovation in cellular techniques to produce cultured meat are anticipated to propel the growth of the Global Cultured Meat Market during the forecast period.

• The rising number of investments by big giants like Cargill, Tyson, and others in cultured meat and the increased focus of manufacturers on producing slaughter-free meat to fulfill consumers’ demand for animal protein is likely to propel the growth of the Global Cultured Meat Market.

The global Cultured Meat Market faces challenges due to the high production cost and consumer skepticism towards lab-based meat products.

• The production cost for cultured meat is comparatively higher than that of conventional meat as cultured meat requires a growth medium to stimulate cell growth, which adds to the cost of the production and may hinder the growth of the market. However, intensive research and development are going on to reduce the cost of production. In addition, cultured meat is a new concept in the market, and skepticism of consumers toward lab-based meat products is also expected to restrict the growth of the market.

The COVID-19 pandemic positively impacted the Cultured Meat Market owing to the increased demand for nutritional products including meat products. Moreover, consumers are shifting towards nutritional diets or protein-rich diets to lead a healthier lifestyle, which is expected to increase the demand for animal products including cultured meat. Lab-based meat gained more attraction among consumers during the pandemic to scale up the healthy diet, which has benefitted the growth of the Global Cultured Meat Market.

Key Trends by Market Segment

By Source: The poultry segment held the largest share of the Global Cultured Meat Market by type in 2021, owing to the growing demand for poultry products in quick-service restaurants and the food service industry.

• The easy availability of cultured poultry products at affordable prices along with the rising popularity of poultry products among consumers has encouraged manufacturers to develop innovative cultured poultry products to meet consumers’ demand, which is expected to fuel the demand for the segment in the Global Cultured Meat Market.

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By End Products: The nuggets segment accounted for the largest share of the Global Cultured Meat Market in 2021, attributed to rising demand for on-the-go food products like nuggets and increasing consumption of snacking food products.

• The increasing consumption of meat products in the form of nuggets, especially chicken nuggets in various countries, is anticipated to aid the growth of the segment in the Global Cultured Meat Market.

By Production Technique: Scaffold-Based Technique segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide usage of the technique to produce cultured meat among various manufacturers.

• The rising adoption of the technique among cultured meat manufacturers due to simple usage and efficient scale-up is anticipated to boost the demand for the segment in the market.

By End-User: The food service industry segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the increasing trend for dining out globally.

• Rapid urbanization and an upsurge in disposable income along with an increasing number of hotels, restaurants, cafes, and others offering cultured meat products, is likely to boost the demand for the segment in the Global Cultured Meat Market.

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By Distribution Channel: Supermarkets/hypermarket segment accounted for the largest share of the Global Cultured Meat Market in 2021, due to the wide availability of different brands in one place, a large consumer base, and the capacity to hold multiple users simultaneously.

• The availability of a wide range of Cultured Meat end products of different brands in supermarkets or hypermarkets coupled with increasing demand for nutritional meat including cultured meat products among consumers are anticipated to propel the growth of the segment in the market.

By Geography: North America region accounted for the largest share of the Global Cultured Meat Market in 2021, owing to the high spending on research and development for innovative cultured meat products.

• The growing consumption of meat and meat products among North American consumers along with rising awareness regarding the benefits of cultured meat over conventional meat among consumers, is expected to augment the growth of the region in the Cultured Meat Market.

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Competitive Landscape

The Cultured Meat Market is highly competitive with ~100 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Cultured Meat.

Country-niche players comprise ~70% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Aleph Farms, AVANTMEATS, BlueNalu, Inc., Finless Foods Inc., Future Meat, Upside Foods, Meatable, Eat Just, Inc., MosaMeat, and Integri Culture Inc. among others.

The leading global cultured meat companies such as Upside Foods, Aleph Farms, and Eat Just, Inc. are highly focused on gaining investment for the research and development of new cultured meat products and on the production of slaughter-free meat products.

Recent Developments Related to Major Players

• In June 2022, AVANTMEATS, a Hong Kong-based cultured meat manufacturer, raised US$ 10.8 million in a Series A funding round. Multiple companies invested in Series A funding round but S2G Venture, has invested US$ 5 million in AVANTMEATS. The company aimed to secure investment to support its research and development for its cell-cultured seafood.
• In December 2021, Upside Foods, a manufacturer of cultivated meat, seafood, and poultry products, developed a breakthrough cell feed (also called media) that is completely animal component-free (ACF). This new development of media was the crucial step towards making cultivated meat cost-effective, delicious, and scalable along with protecting animal welfare and the environment.
• In July 2021, Aleph Farms, a manufacturer of sustainable, cultivated meat products, gained US$ 105 million in funding in a Series B funding round. The funding round was led by DisruptAD, the largest venture platform in the Middle East, and the Growth Fund of L Catterton, a consumer-focused private equity firm. The company aimed to utilize the funds for large-scale global commercialization of cultured beef steaks and to expand the company’s product portfolio.

Conclusion

The Global Cultured Meat Market is forecasted to continue exponential growth, primarily driven by the increasing number of investments to support the research and development of cultured meat products. Innovations in cellular agriculture and increasing focus to develop new techniques to produce culture meat that is cost-effective as well as efficient are likely to propel the growth of the market. Moreover, the rising inclination towards environmental sustainability and animal welfare is anticipated to boost the demand for slaughter-free production of meat. Though the market is competitive with ~100 participants, regional players control the dominant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Cultured Meat Market Size, Segments, Outlook, and Revenue Forecast 2022-2030 market is segmented by source, end products, production technique, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Cultured Meat Market. The revenue used to size and forecast the market for each segment is US$ million.

By Source

• Poultry
• Beef
• Seafood
• Pork
• Duck

By End Products

• Nuggets
• Burger Patties
• Meatballs
• Hot Dogs & Sausages

By Production Technique

• Scaffold-Based Technique
• Self-Organizing Technique
• Cell Culture Media

By End-Users

• Households
• Food Services Industry
• Processed Food
• Pet Food Industry

By Distribution Channel

• Direct
• Wholesalers
• Hypermarkets/Supermarkets
• Specialty Stores
• Online Retail
• Other Retail Sectors

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
• LAMEA (Latin America, Middle East, Africa)

Key Players

• Aleph Farms
• AVANTMEATS
• BlueNalu, Inc.
• Finless Foods Inc.
• Future Meat
• Upside Foods
• Meatable
• Eat Just, Inc.
• MosaMeat
• Integri Culture Inc.

Global Industrial Starch Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Industrial Starch Market was valued at ~US$60 billion in 2017. It is estimated to be ~US$ 85 billion in 2022 and is expected to reach a market size of ~US$ 125 billion by 2028 growing at a CAGR of ~7% during the forecast period (2022-2028). The increasing use of industrial starch as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient is expected to drive the demand for industrial starch during the forecast period.

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Key Growth Drivers

• Industrial starches can stabilize products like yogurt, bread goods, and convenience meals, manage texture, control moisture, and assist manufacturers to achieve the desired product quality. The worldwide industrial starch market is anticipated to benefit from increased customer knowledge and concerns about the food components used in food products and rising consumer preference for bio-based ingredients.
• The worldwide food and beverage sector is being significantly impacted by the trend toward clean-label ingredients and products. Furthermore, the rapid expansion of the food processing industry provides considerable potential for ingredient manufacturers to implement strategic steps to meet rising demand.
• Growing demand for sap sticks as a starch substitute in the paper and material industries is putting the global market's growth to the test. Significant R&D expenditures are also limiting the growth of the Industrial Starch Market during the period.
• During the COVID-19 pandemic, the pharmaceutical sector helped the industrial starch market to prosper. Starch is utilized in the pharmaceutical sector as a disintegrant and binder. Furthermore, the successful implementation of mass vaccination efforts in 2021 resulted in increased commercial activities.

Key Trends by Market Segment

By Type: The Native segment held the largest market share in 2021, due to several qualities, including high water restriction and maintenance, excellent feed texturization, and a longer usable lifespan.

• The original form of starch is native starches. They are frequently used in the formulation of foods, medications, and other industrial goods.
• By applying acids and other chemicals to the native starch at particular temperatures, the characteristics can be altered to fit a variety of uses.

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By Source: Corn segment held the largest market share in 2021, due to its diverse use as a very versatile ingredient in the food and beverage industry.

• A carbohydrate called corn starch is taken out of the endosperm of corn seeds. Corn starch is becoming more popular on the market since it is gluten-free. It is a good source of energy and protects those with nocturnal hypoglycemia from low blood sugar.
• Cornstarch is a thickening agent that is used in gravies, marinades, sauces, soups, and casseroles.

By Form: Dry segment held the largest market share in 2021, due to customers' preference for convenient foods that are readily available and have good nutritional value, dry industrial starch usage has expanded due to the busy lifestyle and high disposable income.

• The food industry employs dry starch. In food items, it serves as an emulsifier and a stabilizer. Dry starch is used in baked goods, confections, and frozen foods.

By Application: Food & Beverage segment held the largest market share in 2021, due increasing use of industrial starch in the bakery and confectionery industries.

• The global industrial starch market is anticipated to increase significantly due to the use of industrial starch in food and beverage.
• Starches are frequently utilized in meat processing for their ability to retain water and improve texture. To lower the cost of formulation and enhance texture, industrial starches are added to meat product formulations as water binders.
• Industrial starches are also widely utilized as emulsifiers and swelling agents in baking and confectionery.

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By Geography: North America accounted for the largest market share in 2021 of the global industrial starch market, due to the presence of numerous multinational food manufacturing and processing businesses, there is a rising need for industrial starch.

• The demand for native starch in this North America is expected to increase due to the expanding customer base's need for healthier food and beverage options and the manufacturers' increased adoption of new methods to reduce calories, fat, and sugar.
• Presence of leading companies operating in industrial starch, like Archer Daniels Midland Company, Grain Processing Corporation, and others, will catalyze the expansion of this market.

Competitive Landscape

The Global Industrial Starch Market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the starch market.

Country-niche players constitute ~55% of the market, while the regional players are the second largest by type. Some of the major players in the market include Cargill, Incorporated, Tate & Lyle, AGRANA Beteiligungs-AG, Tereos, Archer Daniels Midland Company, Ingredion, Grain Processing Corporation, Roquette Frères, Cosun, Altia Inc., among others.

Recent Developments Related to Major Players

• In April 2021, Cargill Inc. has stated that it will broaden its specialty tapioca starch offerings in the Asia Pacific area. Cargill collaborated with Starpro, a Thai company that makes food-grade tapioca starch. To meet the product processing needs of food manufacturers and consumer expectations, it intends to grow in the Asia-Pacific region.
• In September 2021, Tereos Group announced the sale of its investment in starch operations in China to the YKA Group as part of its new strategy, which will be unveiled in June 2021. The business declared its intention to cut its debt and focused on its three key business operations.

Conclusion

The global industrial starch market is forecasted to continue its growth that is witnessed since 2017, due to its increasingly used as a thickening, stabilizing, and gelling agent, binder, diluent, and excipient, leading to strong demand for industrial starch. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Industrial Starch Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four region’s Industrial Starch Markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type	Native Starch Derivatives & Sweeteners
By Source	Corn Wheat Cassava Potato Others
By Form	Dry Liquid
By Application	Food & Beverage Paper Making Pharmaceutical Construction Paint and Coating
By Geography	North America US Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia-Pacific China Japan South Korea India AustraliaRest of Asia Pacific LAMEA Latin America Middle East Africa
Key Companies	Cargill, Incorporated Tate & Lyle AGRANA Beteiligungs-AG Tereos Archer Daniels Midland Company Ingredion Grain Processing Corporation Roquette Frères Cosun Altia Inc.

 

Global Food Grade Lubricants Market is forecasted to grow approximately US$ 500 Million by 2028: Ken Research

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Food Grade lubricants are categorized under oil and grease, acceptable for use in meat, poultry, and other food processing equipment, application, and plants. Lubricants are broken into different categories on the likelihood they will contact food. As of now, food-grade lubricants are designated as H1, H2, and H3. The approval and registration of new lubricants into one of these categories are based on the ingredient used in the formulation.

According to Ken Research estimates, the Global Food Grade Lubricants Market – which grew from approximately US$ 200 Million in 2017 to approximately US$ 300 Million in 2022 – is forecasted to grow further into approximately US$ 500 Million opportunities by 2028, owing to the strict government rules and regulation on mandating the usage of food-grade lubricants.

• Surging the food and beverages industry, is likely to propel the growth of the food-grade lubricants market. For instance, as per Germany Trade & Invest, Germany is Europe’s largest food producer and the food & beverages industry represents the fourth largest industry sector in Germany. Exports of processed foods and agricultural commodities generated sales of US$ 70.21 Million in 2018, making Germany the third largest exporter of food and beverages worldwide. Rising health concerns regarding food safety among consumers, Government food safety regulations, and healthy investment in the food and beverages sector, are all those factors driving the food-grade lubricants market.
• Lack of technical knowledge about the Food-Grades such as H1, H2, and H3 among the manufacturers, is likely to cause a restraint for this market. NSF International, an American health organization, mentioned that lubricants registered as H1 or certified to ISO 21469 are considered food-grade. Manufacturers used conventional lubricants in food processing units or plants because of lower costs, which can degrade the quality of food.
• COVID-19 has decelerated the growth of the Food Grade Market. This is because of the temporary shutdown of assembly lines, disruption of the supply chain, restriction on manufacturing activities, and decline in the number of export and import of various food product types. But as the market is recovering and people are getting more aware of food safety, it is estimated that the food-grade lubricants market will grow significantly in the forecasted period.

Key Trends by Market Segment:

By Product Type: The mineral segment accounted for the largest market share in 2021, as it is used for multiple applications such as food, beverages, cosmetics, and others.

• According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.
• In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth of the mineral oil product segment.

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By Grade: The H1 segment accounted for the largest market share in 2021, owing to the extensive usage in the food industry.

• H1 lubricants are food-grade lubricants used in food manufacturing plants where there is less possibility of occasional contact with food.
• H1 lubricants are produced with a base oil like polyaphaolefines, polyalkenes glycol, and easter, mixed with additives, that help in to maintain the quality of food.

By Application: The food application segment held the largest market in 2021, owing to increased usage, and multiple applications in various sub-sector in the food industry.

• As per Invest India, India ranks 1^stin milk production and contributes 23% of milk production growing at a CAGR of ~6.2% to reach 209.96 MT in 2020-21.
• According to the USA Department of Agriculture, Japan’s food processing industry manufactured US$ 218.3 billion in food and beverages products.

By Geography: Europe accounted for the largest market share within the global food-grade lubricants market in 2021, owing to the presence of various renowned companies.

• According to European Commission, the food and drink industry is the EU’s biggest manufacturing sector in terms of jobs and value-added.  The rising food and drink industry are likely to fuel the demand for food-grade lubricants.
• Presence of leading companies operating in adult incontinence products, like Lanxess, Eni, SKF, FUCHS Petrolub SE, and others, will catalyze the expansion of this market.

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Competitive Landscape:

• The global food-grade lubricants market is significantly competitive with ~100 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in manufacturing food-grade lubricants products for various applications. Country-niche players comprise the largest share by competitor type, while large global players comprise about 15% of the competitors by type. Some of the major players in the market include CITGO, Lanxess, Exxon Mobil, Eni, SKF, FUCHS Petrolub SE, Dow Chemical Company, Total Energy, ENEOS Corporation, Phillips 66, and others.

Recent Developments Related to Major Players

• In September 2022, Piedmont Lithium announced an investment of US$582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Southeast Tennessee.
• In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.
• In June 2021, the FUSCH group acquired Gleitmo Technik AB, Sweden to strengthen the specialty lubricating business.

Conclusion

The global food-grade lubricants market witnessed significant growth during the period 2017-2021, owing to the increasing application of food-grade lubricants in the food and beverage industry. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~100 participants, the majority of country-niche players dominate the market share by type, and global players hold a significant market share.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has published a report title Global Food Grade Lubricants Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That is segmented by product type, grade, and application. In addition, the report also covers market size and forecasts for the four regions in the Food Grade Lubricants Markets. The revenue used to size and forecast the market for each segment is US$ Million.

Market Taxonomy

By Product Type

Mineral

Synthetic

Bio-Based

Others

By Grade

H1

H2

H3

By Application

Food

Beverages

Pharmaceuticals

Others

By Geography

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy)

Asia Pacific (China, Japan, South Korea, India, Australia)

LAMEA (Latin America, Middle East, Africa)

Key Players

CITGO

Lanxess

Exxon Mobil

Eni

SKF

FUCHS PETROLUB SE

Dow Chemical Compamy

Total Energy

ENEOS Corporation

Phillips 66

Global Food Deaerators Market is expected to reach a market size of US$ 400 million by 2028: Ken Research

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Deaerators are used in a variety of sectors where steam is produced from boiler-feed water using a boiler. Deaerators aim to remove dissolved oxygen and unwelcome dissolved gases from boiler feed water before it enters boilers. Food deaerators are used to release trapped gases from liquids, including oxygen. Food deaerators are adept at releasing trapped gaseous air from liquids by spreading the liquid in a thin film on a rotating disc while under a strong vacuum. Many beverage products, including dairy goods, fruit drinks, and alcoholic beverages, require food deaerators.
According to Ken Research Analysis, the Global Food Deaerators Market was valued at ~US$ 230 million in 2017. It is estimated to be ~US$ 300 million by 2022 and is expected to reach a market size of ~US$ 400 million by 2028 growing at a CAGR of ~5% during the forecast period (2022-2028). One of the main drivers of market growth is the expansion of the food and beverage sector.

• Food deaerators are devices that take the gases out of the liquids. To extract the dissolved gases from the liquid, it is spread out on a rotating disc and placed in a high vacuum. The market is anticipated to develop as the food and beverage industry expands. The industry is expected to increase as a result of rising customer demand for food goods with an extended shelf life.
• Government spending on machinery and equipment for the food processing industry is improving the market's prospects for expansion. The market is expected to expand as a result of technological investment in the creation of new food and beverage processing equipment.
• There are numerous uses for food deaerators in the industry, but the investment cost associated with the equipment is one of the biggest obstacles for the food processing sector. Additionally, the cost of production due to an increase in energy and labor costs is one of the main barriers to the market.
• Due to low demand from a variety of industries, including manufacturing, breweries, and food and beverage due to the lockdown enforced by governments of many countries, the market for deaeration machines is anticipated to decline in the year 2020. Due to the protracted lockdown in many developed nations, the COVID-19 pandemic has halted the manufacture of several items in the deaeration machine business. This has considerably slowed the market for food deaerators in recent months. Equipment and machinery sales have already been impacted by COVID-19 in the first quarter of 2020, and the market growth is projected to suffer throughout the year.

Key Trends by Market Segment

By Type: The spray-tray segment held the largest market share in 2021, owing to their effectiveness and efficiency in comparison to other types of deaerators.

• The spray-tray type deaerators, also known as open-top systems, work by spraying the substance inside to help remove dissolved gas. A high-pressure steam injector uses water to spray over the food's surface to remove any air or gases before packaging. Many other types of food, including cooked ham slices, hot dogs, and sausages, can be deaerated with a spray tray.
• The benefits of employing the spray-tray type include the fact that it operates without vacuum or inert gas and consumes very little energy (electricity) because only a low water temperature is needed to heat the components.

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By Function: The oxygen removal segment held the largest market share in 2021, owing to its application that helps in the removal of oxygen from food and beverage.

• A food deaerator is a device that is typically used to remove oxygen from food and beverages, extending the shelf life of goods. These are the elements that are anticipated to enhance demand for deaerators' oxygen removal capabilities in the beverage industry.
• It encourages the extension of the product's shelf life by lowering the concentration of numerous gases, mostly oxygen, and improving the thermal efficiency of the boiler by raising the water temperature. A little more than one-third of the $680 billion (or around 1.3 billion tons) worth of food produced annually is lost or wasted. The meal can be used many days later owing to this method, which also reduces food waste. Additionally, trapped oxygen during the processing of fruit juices may be dangerous. The tastes are enhanced during this process, raising the juice's quality.

By Application: Beverage segment held the largest market share in 2021, due to the increased consumption of beverages in emerging countries worldwide.

• Due to the expanding demand for packaged flavored drinks, food deaerators are increasingly being used in beverage applications. Utilizing this equipment helps to reduce needless oxidation-related waste while keeping the sensory qualities and nutritional content of the finished product.
• Food deaerators are used to remove air from the water phase before packaging operations or following the filtering process to speed up production without sacrificing product quality.

By Geography: North America region held the largest market share in 2021, increasing demand for food deaerators in the beverage industry is driving market expansion in North America.

• The region's rise can be attributed to factors such as increased consumer worries about the safety of consumers around chemicals used in beverages, the developing beverage sector, and rising demand for packaged foods.
• Due to strong demand from end-use sectors such as drinks and processed foods as well as its growing focus on R&D efforts for increasing its product portfolio, the USA, the region's largest consumer of food deaerators, is anticipated to maintain its leadership during the projection period.

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Competitive Landscape

The global food deaerators market is highly competitive with ~150 players which include globally diversified players, regional players, and country-niche players with their niche in the Food Deaerators market.

Country-Niche players constitute ~55% of the competition, while the Regional players are the second largest by type. Some of the major players in the market include GEA Group, JBT., SPX Flow, Parker Boiler, Alfa Laval, The Cornell Machine Company, Mepaco, Stork, The Fulton Companies, Jaygo Incorporated, and among others.
Recent Developments Related to Major Players

• In January 2017, by building a new production campus in Europe, SPX FLOW increased the scope of its production capabilities. The organization was able to grow its clientele in the area because of this development.
• In April 2019, Tipper Tie, Inc. (US) was acquired by JBT Corporation for US$ 160 million. As a result, the business was able to grow its food processing division.
• In January 2019, GEA finalized the acquisition of Slovenia-based filling technologies company Vipoll.

Conclusion

The global food deaerators market is forecasted to continue the positive growth that is witnessed since 2017, government investments in the food processing machinery and equipment sector and rising capital consumption in the beverage industry create attractive growth prospects. Though the market is highly competitive with ~150 players, few global players control the dominant market share and regional players also hold a significant market share.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken research has published a report title Global Food Deaerators Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that is segmented by type, function, application, and distribution channel. In addition, the report also covers market size and forecasts for the four region’s food deaerators markets. The revenue used to size and forecast the market for each segment is US$ million.

Market Taxonomy

By Type

Spray-Tray Type

Spray Type

Vacuum Type

By Function

Oxygen Removal

Water Heating

Aroma and Flavor Retention

Others

By Application

Food

Beverages

By Geography

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy)

Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)

LAMEA (Latin America, Middle East, Africa)

Leading Companies

GEA Group

JBT.

SPX Flow

Parker Boiler

Alfa Laval

The Cornell Machine Company

Mepaco

Stork

The Fulton Companies

Jaygo Incorporated

Global Commercial Drones Market is expected to grow at a ~15% CAGR from 2022 to 2028: Ken Research

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According to Ken Research Analysis, the global commercial drones market was valued at ~US$ 5 billion in 2017, it is estimated to be ~US$ 12 billion in 2022 and is expected to grow at a ~15% CAGR from 2022 to 2028, with market size of ~US$ 30 billion in 2028. Commercial drones' increased capability in gathering high-resolution images and conducting aerial surveys has resulted in their popularization.

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Key Growth Drivers

• The advancement of remote sensing and surveillance technologies, such as automatic dependent surveillance-broadcast (ADS-B) is driving the demand for commercial drones.
• Favorable government guidelines regarding the use of drones in a number of industries, notably in the ongoing COVID-19 pandemic also accelerating the growth of the Global Commercial Drones Market.
• Higher costs associated with drones, and the lack of farmers’ awareness regarding farming technologies are the challenges to the growth of the commercial drone market.
• The ongoing COVID-19 pandemic has initially disrupted the supply side of commercial drones, but demand has increased significantly later on due to labor shortages across countries.

Key Trends by Market Segment

By Type:  The Rotary segment held the largest market share of the Global Commercial Drones Market in 2021.

• The growth is mainly attributed to the fact that rotary drones are highly adopted and most commonly used across industries due to a number of benefits, including greater versatility, which allows them to fly in areas other drones cannot, stay in a stationary position, and provide vertical take-off and landing (VTOL) functionality.
• They also have increased payload capacity, allowing them to carry far more payload than fixed-wing, and hybrid drones.

By Mode of Operation: The Remotely Operated segment held the largest market share of the Global Commercial Drones Market in 2021.

• The growth is mainly attributed to its popularity and frequent use, as most individuals are not keen to adopt high-tech mechanisms.
• However, as people are becoming aware of advanced technologies, they are opting for hi-tech drones, resulting in increased market growth for autonomous and semi-autonomous drones.

By Application: The Filming & Photography segment held the largest market share of the Global Commercial Drones Market in 2021, owing to the advent of digitalization in photography and the utilization of new technology.

• Aerial photography was previously done using hot-air balloons, airplanes, kites, helicopters, and more. Nowadays, drones are increasingly popular for aerial photography as they are simpler to use and much more cost-effective than renting a helicopter and provide high-quality images and videos from expansive angles.
• Furthermore, drones' associated advanced features, such as computer-assisted smart shots and smart management systems, are also boosting the demand for drones in film industry as well.

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By Geography: North America accounted for the largest market share in the global Commercial Drones market in 2021.

• Increased government expenditure to support the expansion of UAVs/drones is fueling the region's market growth.
• For instance, according to Federal Aviation Administration (FAA), a U.S. government agency, 865,505 drones were registered in the United States in May 2022, with 314,689 of them being commercial drones.
• In July 2020, the United States Department of Defense (DoD) awarded five companies contracts totaling US$ 13.4 million to support the domestic small unmanned aerial system (sUAS) industrial base.
• Furthermore, rising UAVs demand for aerial photography, surveillance, and monitoring activities, along with the presence of well-established market players in countries such as USA and Canada, are also propelling the regional market growth.

For instance, in February 2022, according to Al-Monitor, a U.S.-based online news portal, the U.S. Navy and security partners will patrol Middle Eastern seas with 100 drones by 2023 to improve defenses against illicit activities.

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Competitive Landscape

The Global Commercial Drones market is competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche tech offerings, such as autonomous or advanced navigation systems, increased range, heavy payload, image stitching, red, green, and blue (RGB) color model, and more.

Country-Niche players constitute about ~45% of the market, while regional players hold a share of ~35%. Some of the major players in the market include AeroVironment Inc., SZ DJI Technology Co., Ltd., Parrot SA, SenseFly (AgEagle Aerial Sys), Insitu Inc., Yuneec International CO. Ltd, Autel Robotics, Delair, Ehang Holdings Limited, Aerialtronics, and among others.

Recent Developments Related to Major Players and Organizations

• In September 2022, AeroVironment, a U.S.-based vehicle manufacturer, unveil the new unmanned aircraft system (UAS) named ‘VAPOR Helicopter’, which supports increased endurance and expanded payload capacity to meet evolving needs of defense, commercial, and industrial customers.
• In September 2022, Autel Robotics, a Chinese drone manufacturer, announced the launch of new drones and supporting products, including the new ‘Autel EVO II V3 Series’, a new Live Deck video streaming accessory, and two new smart controllers to support the updated drones.

Conclusion

The global Commercial Drones market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the expansion of commercial drones is the rising adoption of advanced technologies, including artificial intelligence (AI), and machine learning (ML) across industries and increased application areas, including precision agriculture, aerial imaging, cargo management, traffic monitoring, and others. Though the market is highly competitive with ~100 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within maximum 2 working weeks.

Ken Research has recently published report titled, Global Commercial Drones Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 Market is segmented by type, mode of operation, and application. In addition, the report also covers market size and forecasts for the four major regions' Wax Markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type

• Fixed Wing
• Rotary
• Hybrid

By Mode of Operation

• Remotely Operated
• Semi-Autonomous
• Autonomous

By Application

• Mapping & Surveying
• Precision Agriculture
• Filming & Photography
• Inspection & Maintenance
• Others

By Geography

North America

• USA
• Canada
• Mexico

Europe

• France
• Italy
• Germany
• Spain
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia Rest of Asia Pacific

LAMEA

• Latin America
• Middle East
• Africa

Global Automotive Glass Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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The Global Automotive Glass Market – which grew from approximately US$ 15 billion in 2017 to approximately US$ 20 billion in 2022 – is forecasted to grow further into approximately US$ 30 billion opportunity by 2028, owing to the increasing demand for electric, hybrid, and luxury vehicles.

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Key Growth Drivers

• The automotive industry is surging worldwide as manufacturers are continuously upgrading vehicles as per customer demand, and governments’ active involvement to speed up the production of automobiles. Growing demand for smart glass is also one of the key factors driving this market. Smart glass such as HUD can display the fuel level, speed, temperature, and other warnings. According to the Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce mentioned that India’s passenger car market was valued at US$ 32.70 billion in 2021, and it is expected to reach a value of US$ 54.84 billion by 2027. The increasing production of vehicles is likely to boost the demand for the automotive glass market.
• High initial cost to set up a glass manufacturing plant, along with further repair and maintenance costs, is a restraining factor for the automotive glass market. Major players operating in this segment such as Fuyao Glass, Saint-Gobain, and others, preferred to expand their existing plant rather than invest in a newer facility. These strategies restrict players to expand their geographical presence.
• COVID-19 has decelerated the growth of the automotive glass market. This is because of the temporary shutdown of assembly lines, disruption of the supply chain, restriction on manufacturing and construction activities, and decline in the sale of automobiles. But as the market is recovering and restrictions are easing down, it is estimated that the automotive glass market will recover within the forecasted period.

Key Trends by Market Segment:

By Glass Type: Tempered glass segment held the largest market share of the Global Automotive Glass Market in 2021, owing to the lower cost and better durability than other glasses.

• Tempered glass is a type of glass manufactured through heat or chemicals to provide safety. In the event the glass breaks, it does not shatter into big pieces but rather into thousand pieces that do not have a sharp edge.
• Tempered glass is most commonly used because of its lower cost than laminated glass. It is used in the backlite, windshield, and sideline door.

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By Vehicle Type: The passenger car segment accounted for the largest market share in 2021, due to a shift in the trend of consumer behavior and the growing middle-class population.

Passenger cars refer to vehicles designed and constructed for carrying individuals. Comprising of not more than eight seats inclusive of the driver’s seat, and having a maximum mass not exceeding 3.5 tonnes. There are various kinds of passenger cars including sports, luxury, family-oriented, small cars, and sports utility vehicles (SUVs). Growing environmental concerns led to low-emission and lightweight vehicles on the road, which is also a driving factor for the passenger car segment.

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By Application: The windscreen segment held the largest market in 2021, owing to the importance of windscreens in a vehicle structure along with safety concerns.

• Windscreen of a vehicle is the glass window at the front that the driver looks at. The windscreen provides clear vision and acts as a protective shield. The windshield protects all passengers from any external injuries such as accidents or any mishap. Growing demand for smart windscreens is also boosting the growth of this segment.

By End-Use: The OEM segment held the largest market in 2021, because, the majority of the auto glasses are utilized in the production of vehicles.

• OEM generally supplies manufactured products to cater to the demand from the end product manufacturer. OEM products are generally used as a component in the final product of another company.

By Geography: The Asia Pacific accounted for the largest market share within the Global Automotive Glass Market in 2021, owing to rising investment in the auto industry, and growing demand for passenger cars.

• Toyota, Volkswagen, Honda, Geely, and other major automobile manufacturers are continuously improving as per the demand from customers, and shifting customer preferences toward luxury vehicles in China is also fueling the demand in this market.
• According to the International Trade Association (ITA), a USA agency that promotes trade and investment, China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.

Competitive Landscape:

The global automotive glass market is significantly competitive with ~100 players which include globally diversified players, and country-niche players as well as a majority number of regional players having their niche in automotive glass manufacturing for OEMs and aftermarket sales.

Regional players constitute ~45% of competitors while large global players constitute ~20%. Some of the major players in the market include FUYAO Glass Industries Co., Ltd., Nippon Sheet Glass Co., Ltd, Saint-Gobain, Xinyi Glass Holdings Limited, AGC Inc., Central Glass Co., Ltd., Corning Incorporated, Guardian Industries Holdings, Sisecam, Webasto Group, and others.

Recent Developments Related to Major Players

• In October 2021, Guardian Glass invested in its Goole, East Yorkshire float glass production plant to increase the company’s ability to supply float glass, primarily to the UK and Ireland.
• In August 2021, Webasto announced the acquisition of Carlex Glass Luxembourg SA. Carlex deals in the manufacturing of glass elements for passenger cars and counts many international carmakers among its customers.
• In June 2021, Corning Inc and Jeep (automobile manufacturer), announced the launch of a windshield for the Jeep Wrangler and Jeep Gladiator with Corning Gorilla Glass.

Conclusion

The Global Automotive Glass Market witnessed significant growth during the period 2017-2021, owing to the growing automotive industry and shifting trend towards smart glass. The growth rate is also expected to remain significant during the forecast period. Though the market is significantly competitive with ~100 participants, the majority of global players dominate the market revenue share, and regional players hold a significant share.

Note: This is a Planned/On-Demand report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Automotive Glass Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four regions in the Automotive Glass Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Glass Type	Laminated Glass Tempered Glass
By Vehicle Type	Passenger Car Light Commercial Heavy Commercial Electric Vehicles
By Application	Windscreen Backlite Sidelite Sunroof
By End-Use	Original Equipment Manufacturer Aftermarket
By Geography	North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy) Asia Pacific (China, Japan, South Korea, India, Australia) LAMEA (Latin America, Middle East, Africa)
Key Players	FUYAO Glass Industries Co., Ltd. Nippon Sheet Glass Co., Ltd Saint-Gobain Xinyi Glass Holdings Limited AGC Inc. Central Glass Co., Ltd. Corning Incorporated Guardian Industries Holdings Sisecam Webasto Group

KSA Data Center industry witnessing robust growth in the era of virtualization and Cloud Computing

 

1.  KSA Data Center Market is being driven by rising investments in data centers from private sector and government support towards technology.

Saudi Arabia enjoys a strategic location between Africa and APAC that can easily connect both the regions, which is benefiting the operators to invest in a submarine cable network passing through the country. The growing adoption of smart devices and increasing demand for analytics, cloud adoption, and the growth of wireless networking technologies have led several organizations in Saudi Arabia to invest in big data and IOT technology.

2. Additionally, increasing awareness of cloud services along with adoption of Cloud first policy is fueling KSA Cloud Services Market.

Saudi’s Cloud Services market has seen a tremendous growth due to surge in online activities majorly in all workplace systems along with investments and new market entrants. The COVID-19 outbreak has considerably boosted growth of the cloud services market, owing to the accelerating demand for the cloud to support several crucial applications for efficient business operations. Additionally, new regulations such as requirement of major cloud providers like Microsoft, AWS to have their own software and data center in KSA are fueling growth. However, there is only one electricity provider in KSA while some players like Nournet have their own generators which is a restraint for market growth.

3. Demand for Data Centers has been underpinned by technological advances and this trend is likely to intensify and drive demand in the coming years. 

• The government of the KSA is focusing on e-government concept. KSA has increased its efforts to adopt cloud-computing technology and was one of the earliest countries in the region to adopt specific regulations for cloud service provider.

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• The increase in demand for online retail or e-commerce has acted as a catalyst for the data center industry. Customers want more personalized data and for this data center, services are very helpful. They help in storing and analyzing the data.
• Higher online media consumption and installation of IOT devices and sensors in manufacturing plants along with Govt. programs such as cloud first and investments in data center as well as the burgeoning demand from SMBs for cloud solutions are increasing demand for data storage.

4. Unclear Regulatory Framework, Environmental Conditions, Cyber-attacks and Power Cost are few of the challenges and bottlenecks faced in KSA Data Center Market.

• There are no standalone regulations for KSA Data Center Market, however there are multiple unclear regulations making it tough for foreign IT service providers to tap the KSA DC market.

• Setting high operating temperatures causes a negative ripple effect on the condensers or outdoor chiller units which become an overkill on the efficiency as these cooling units and associated outdoor units are oversized to compensate.

• The rising adoption of cloud services and IOT devices has increased the threat of cyberattacks. KSA ranks number two in the world in terms of data breach costs.

• KSA Data Center power consumption and cost index is considerably higher other middle east countries. The average electricity pricing in Saudi Arabia is $0.069 per kWh for industries, which is comparatively higher than other countries.