Thursday, May 23, 2019

Philippines Logistics and Warehousing Market Outlook to 2024: Ken Research

The report titled “Philippines Logistics and Warehousing Market Outlook to 2024 – By Freight Forwarding (Air, Sea, Land), Domestic and International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture and Others), Express and E-commerce Logistics, Balikbayan Box, Third Party Logistics” provides a comprehensive analysis of the logistics market of Philippines. The report also covers logistics infrastructure in the country, value chain analysis of the market, the overall market size in terms of revenue; segmentation by service mix for logistics and warehousing market; segmentation by mode of service, mode of transport, flow corridors, mode of freight, type of delivery, owned and rented logistics services for freight forwarding market; segmentation by mode of transport, delivery type and business model for express logistics market; segmentation by channel, by time duration, by area of delivery and by payment method for e-commerce logistics market; segmentation by market for third party logistics market; segmentation by end users, domestic and international companies, business model and owned and rented warehouses for warehousing market; segmentation by seasonal demand for balikbayan box market; market drivers and trends, regulatory scenario, issues and challenges, SWOT analysis and company profiles. The report concludes with market projection for future markets described above and analyst recommendations highlighting the major opportunities and cautions.

Philippines Freight Forwarding Market Overview and Size: Philippines freight forwarding market witnessed an increase during the period 2013-2018. Expanding FMCG sector, retail sector, food and E-commerce industry in the country has attributed to the extraordinary growth of the freight forwarding industry. In Philippines, sea transport dominated the overall freight forwarding industry, thereby accounting for maximum revenue share in the freight forwarding market during 2018, followed by land transport and air transport with lesser revenue shares respectively. Companies in the Philippines have been focusing towards providing data oriented solutions and other services for operational excellence, timely customer support and the effective adherence of the consumers’ expectations to provide customer satisfaction and retain customers. Over the forecast period, Philippines freight forwarding market is further anticipated to generate high revenues by the year ending 2024E, thus growing at a robust CAGR during 2018-2024E. The freight forwarding industry in the Philippines will continue to dominate the overall logistics market in the coming years. Government of Philippines has initiated a ‘Build-Build-Build’ infrastructure program under which many projects have begun with their in cargo transportation industry.

Philippines Warehousing Market Overview and Size: Philippines warehousing market revenues were witnessed to significantly grow at a five year CAGR during the review period of 2013-2018. The rapid evolution of its logistics industry has been credited to high trade traffic in both international and domestic market. Companies such as DHL and FedEx have penetrated the local Filipino market through effective collaborations with domestic companies. These companies have been responsible for the establishment of industry benchmark for the use of technology in logistics sector. Industrial / Retail sector is the largest contributor to the warehousing sector, followed by container freight, cold storage, agriculture and others in the year 2018. Increasing prominence of online shopping will increase the size of E-commerce industry in the Philippines. The companies from retail sector, FMCG sector, pharmaceutical sector, apparels and other accessories are further anticipated to witness robust growth. Over the forecast period 2018-2024E, the Philippines warehousing market revenues are estimated to increase by the year ending 2024E. E-commerce companies require warehousing facilities to store the products which will trigger the demand for warehousing space in coming future.

Philippines Express Delivery Market Overview and Size: Philippines express delivery market witnessed an increase during 2013-2018, thus exorbitantly growing at a five year CAGR during the review period 2013-2018. Express delivery systems have been considered as a crucial segment of the Filipino logistics market as they are utilized for faster delivery of shipments in comparison to general services. The geographical location of Philippines has aided the overall market growth majorly due to good connectivity with Asia Pacific countries. Air express segment has dominated the international express delivery market, followed by road express in terms of revenue in the year 2018. Over the forecast period 2018-2024E, Philippines express delivery market is further estimated to continue growing at a positive CAGR. The services provided by express delivery companies such as guaranteed delivery services, door to door delivery, track orders and others have strengthened the growth of the logistics market will continue to drive the demand for express delivery services in near future.

Philippines E-Commerce Logistics Market Overview and Size: The Philippines E-commerce logistics market revenues witnessed an increase by the year 2018, thus growing at a five year CAGR during 2013-2018. Escalation in the number of smart phones in the country has augmented the growth of E-commerce in the country. As a result, the demand for online services in the Philippines logistics industry has witnessed a steady rise during the review period. The growth in E-commerce orders for logistics has been majorly driven with an increase in internet affinity and demand for value added services. Over the forecast period, Philippines E-commerce logistics market is expected to drive up the demand because of expected surge in internet penetration, especially its exposure to the youth. Additionally, internet has made companies to alter their strategies to cater to the younger generation. Filipino E-commerce logistics market revenues are expected to further increase to by the year ending 2024E.

Philippines Third Party Logistics Market Overview and Size: Third party logistics providers are independent companies that provide multiple logistics services to a purchasing company. Some of the significant services offered by 3PL providers in the Philippines include warehousing, freight forwarding, customs brokerage, product labeling and packaging, inventory management and fleet management. Philippines 3PL market revenues witnessed a sizeable growth at a five year CAGR of during the review period 2013-2018. Rising E-commerce activities in the country have led to increase in demand for 3PL (Third Party Logistics) services on account of rising need to handle growing delivery and warehousing volumes. This is anticipated to drive an increase in the demand for 3PL providers in the Philippines, which will aid in maintaining efficient supply chain systems for all the companies. Philippines 3PL market revenues are further expected to incline during the forecast period 2018-2024E.

Philippines Balikbayan Box Market Overview and Size: With more than 10 million Filipinos deployed in foreign nations, the total worth of Balikbayan boxes shipped to the Philippines has witnessed an increase during the years 2013-2018. The Philippines balikbayan box market revenues were evaluated to increase in the year 2018, thus growing at a five year CAGR during the review period. Over the years, the industry has witnessed entry of new players which has resulted in huge competition among the companies in the market. Due to this the companies are focusing on decreasing shipment cost and cut profit margins to provide better delivery. The influx of Balikbayan boxes to the Philippines has been examined to increase during the holiday season whereas, slow growth was observed in balikbayan box shipments during off-season.

Competitive Landscape in Philippines Logistics and Warehousing Market
Philippines Freight Forwarding Market: The freight forwarding industry in the country is highly fragmented with the presence of both domestic and international players in the industry. Over the years the competition has increased in the industry as domestic and international players are focusing on increasing their presence in the country.

Philippines Warehousing Market: The Philippines warehousing industry is highly fragmented with the availability of large number of large and medium scaled warehousing companies spread across the country. The market encompasses a mix of unorganized and organized players. The companies in the country are competing with each other on the basis of the size and location of the warehouse.

Philippines Express Delivery Market: Though the domestic express delivery firms have a strong presence in several cities nationwide however, it is the international express delivery firms which dominate the Philippines express delivery market.

Philippines E-commerce Logistics Market: The E-commerce logistics industry of the Philippines was observed to be highly concentrated with the presence of major players such as Lazada, LBC Express, DHL, Shopee and Zalora covering majority of the market share in the year 2018. These companies were witnessed to compete on parameters such as shipping points, coverage area, delivery assistance (last mile) and payment collection medium.

Philippines Balikbayan Box Market: The competition in the Balikbayan box market has been intensified due to rising presence of a large number of domestic and international players in the industry.

Key Segments Covered
Logistics and Warehousing:
By Service Mix (Freight Forwarding, Warehousing and Value Added Services)

Freight Forwarding:
By Mode of Transport (Water Transport, Road Transport and Air Transport)
By Major Flow Corridors (Asia, North America, Europe, Middle East and Others)
By Owned and Rented / 3PL
By Delivery Type (Normal Delivery and Express Delivery)
By Mode of Freight (International Freight and Domestic Freight) 

Express Delivery:
By Mode of Transport (Air Express and Road Express)
By Delivery Type (International Express and Domestic Express)      
By Business Model (B2B, B2C and C2C)

E-Commerce:
By Channel (E-Commerce Merchants and 3PL Companies)
By Time Duration (One Day Delivery, Two Day Delivery, Same Day Delivery and Others)
By Area of Delivery (Intracity and Intercity)
By Payment Method (Cash on Delivery and Others)

Third Party Logistics:
By Market Type (Freight Forwarding and Warehousing Services)

Warehousing:
By End User (Food and Beverage, Pharmaceuticals and Medical Consumables, Textile and Footwear, Electronics, Chemicals and Others)
By Domestic and International Companies
By Business Model (Industrial / Retail Freight, Container Freight, Cold Storage, Agriculture and Others)
By Owned and Rented Warehouses

Balikbayan Box:
By Seasonal Demand (On-Season and Off-Season)

Key Target Audience
Logistics Companies
Warehousing Companies
Cold Chain Companies
Courier and Parcel Companies
Express Logistics Companies
E-Commerce Logistics Companies
E-Commerce Companies
Logistics Association
Government Association
Investors and Private Equity Companies
  
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2019-2024

Companies Covered:
Freight Forwarding and Warehousing Market:
Chelsea Logistics Holdings Corporation
International Container Terminal Services Inc.
Lorenzo Shipping Corporation
Metro Alliance Holdings & Equity Corporation
Asian Terminals Inc.
AAI Worldwide Logistics Inc.
Kintetsu World Express
Royal Cargo
Yusen Logistics Co. Ltd.
All Transport Network Logistics (ATN)
F2 Logistics All Systems Logistics (ASL) 
LF Logistics
Nippon Express
Panalpina
Expeditors
Orient Freight International
Metro Combined Logistics Solutions Inc.
Infinity Logistics Philippines Co.
MMG Corporation Philippines

Express Delivery Market:
LBC Express
Philippines Postal Corporation
2Go Group Inc.
JRS Express
AirFreight 2100 (Air21)
Xend Business Solutions
Abest Express

E-Commerce Logistics Market:
Lazada Express
Shopee
DHL Philippines
Zalora

Balikbayan Box Market:
Jolly B Box
Forex Cargo
Afreight
Zalora
Manila Forwarders
LBC Express

Key Topics Covered in the Report
Executive Summary
Research Methodology
Philippines Logistics and Warehousing Market Introduction
Transport and Logistics Infrastructure in Philippines Logistics and Warehousing Market
Value Chain Analysis in Philippines Logistics Market
Philippines Logistics and Warehousing Market Size
Philippines Logistics and Warehousing Market Segmentation
Philippines Freight Forwarding Market
Philippines Warehousing Market
Philippines Express Delivery Logistics Market
Philippines E-Commerce Logistics Market
Philippines Third Party Logistics (3PL) Market
Philippines Balikbayan Box Market
Philippines Logistics and Warehousing Market Drivers and Trends
Regulatory Scenario in Philippines Logistics and Warehousing Market
Issues and Challenges in Philippines Logistics Market
SWOT Analysis in Philippines Logistics and Warehousing Market
Company Profiles of Major Players Operating in Philippines Logistics and Warehousing Market
Philippines Logistics and Warehousing Market Future Outlook and Projections
Analyst Recommendations in Philippines Logistics and Warehousing Market
Macroeconomic Variables Affecting Philippines Logistics and Warehousing Market

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Saudi Arabia Warehousing Market Outlook to 2023: Ken Research

Saudi Arabia Warehousing Market
The report covers various aspects including an overview and market size, market segmentation, value chain analysis, strength and the weakness of major players, heat map, competitive landscape, market share of major players in Warehousing market. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
Market Overview and Size
Warehousing Market in Saudi Arabia is at the growth stage. Saudi Arabia is emerging as a transshipment hub and customers are demanding modern warehouse solutions at cheaper costs. Along with warehousing services, Logistic Service Providers (LSPs) offer value-added services such as grading, packing, and container stuffing to stay competitive. Moreover, in the review period 2013-2018, the Saudi Arabia warehousing market has increased at a positive CAGR largely due to growth in the E-commerce sector, rising foreign direct investment and increasing demand from industrial and retail sector for warehousing.
Saudi Arabia Warehousing Market Segmentation
Business Model (Industrial/Retail, Cold Storage and Container Freight/Inland Container Depot): The industrial/retail warehousing dominated the overall Saudi Arabia Warehousing Market in terms of revenue in the year 2018. Increasing demand for packed food and beverages from consumers has helped retail warehouses to realize better revenues. Cold storage contributed the second highest share in revenue, whereas Container freight/Inland Container Depot accounted for the remaining revenue share in the overall Saudi Arabia Warehousing market.
By Type of Warehouses (Closed Temperature Controlled Warehouses, Closed Non-Temperature Controlled Warehouses, Cold Storage and Open Yards):
Closed (temperature controlled) warehouse segment was observed as the leading segment in the Saudi Arabia warehousing market in terms of generating revenue. This was followed by cold storage, open yards and closed non-temperature controlled warehouses respectively.
By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive, and Others): In Saudi Arabia Warehousing market, consumer retail was analyzed to account majority share in terms of revenue in the year 2018. The robust output of FMCG sector has positively impacted consumer retail business in Saudi Arabia which has increased the demand for warehouses in the country. Food and Beverages sector accounted for the second highest revenue share which is followed by Healthcare, Automotive, and Other sectors respectively.
By Cities (Jeddah, Riyadh, Dammam, and Others): Jeddah accounted for the largest share in terms of generating the revenue for the warehousing market of Saudi Arabia in 2018. This is due to better infrastructure, easy availability of manpower and well-developed ports that have helped augment international trade. On the other hand, Riyadh accounted for the second highest revenue share, Dammam accounted for the third highest share in revenue and the remaining revenue share is accounted by others (Khobar, Medina, Tabuk, and several others).
By Ownership (Owned and Third Party Logistics (3PL) Warehouses):
In Saudi Arabia warehousing market, owned warehouses accounted for the largest share in generating revenue for the market. This is majorly due to owned warehouses aid in having better control over operations and these warehouses tend to have world-class facilities which help them in providing the space on lease. On the other hand, Third Party Logistics (3PL) accounted for a mere revenue share.
Competitive Landscape
Competition in Saudi Arabia Warehousing Market is highly fragmented. LSC Logistics is the market leader with the highest market share on the basis of warehousing space. This was followed by Agility Logistics, Almajdouie Logistics, Mosanada Logistics, and Others. Companies were observed to compete with each other on the basis of parameters such as warehousing space, types of warehousing options and the provision of another value-added service.
Saudi Arabia Warehousing Market Future Outlook
In the future, it is anticipated that Saudi Arabia Warehousing market in terms of revenue will increase at a positive CAGR during the period 2018-2023E. Positive growth in the market is attributed to the rise in manufacturing activity, burgeoning international trade, rising domestic consumption and the easing of government regulations. Additionally, increasing adoption of warehouse automation technologies such as EDI, RFID, Human-Centric Designs and Drones are expected to improve the operational efficiency of Saudi Arabia Warehousing Market in the forecast period of 2018-2023E.
Key Segments Covered:-
By Business Model
Industrial/Retail
Cold Storage
Container Freight/Inland Container Depot
By Type of Warehouses
Closed Temperature Controlled Warehouses
Closed Non-Temperature Controlled Warehouses
Cold Storage
Open Yards
By End Users
Consumer Retail
Food and Beverages
Healthcare
Automotive
Others
By Cities
Jeddah
Riyadh
Dammam
Others
By Ownership
Owned Warehouse
Third Party Logistics (3PL) Warehouses
Key Target Audience
Warehouse Companies
Logistics Companies
Trading Companies
Real Estate Companies
Construction Companies
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2023
Companies Covered:-
LSC Logistics
Agility Logistics
Almajdouie Logistics
Mosanada Logistics
Tamer Logistics
BAFCO International Logistics and Shipping Co
Hala Supply Chain Services
United Warehouse Company Limited
Wared Logistics
Takhzeen Logistics
Etmam Logistics (Shahini Group)
Aramex
Khaden Logistic
Panda Retail Company
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Saudi Arabia Warehousing Market Overview and Genesis
Saudi Arabia Warehousing Market Size, 2013 - 2018
Saudi Arabia Warehousing Market Segmentation, 2018
Saudi Arabia Warehousing Market Segmentation by Business Model, 2018
Saudi Arabia Warehousing Market Segmentation by Type of warehouse, 2018
Saudi Arabia Warehousing Market Segmentation by End Users, 2018
Saudi Arabia Warehousing Market Segmentation by Cities, 2018
Saudi Arabia Warehousing Market Segmentation by Ownership, 2018
Saudi Arabia Warehousing Market Regulatory Framework
Competitive Landscape in Saudi Arabia Warehousing Market
Shares and Company Profiles of Major Players in the Market
Saudi Arabia Warehousing Market Future Outlook and Projections, 2018-2023E
Analyst Recommendations for Saudi Arabia Warehousing Market
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Increase in Maritime Security to Boost AUV Market: Ken Research


Autonomous Underwater Vehicles (AUVs) are commonly known as unmanned underwater vehicles. They are used in underwater survey missions for detecting and mapping samples underwater like rocks, wrecks and crashes, which otherwise is hazardous to navigate. They are capable of conducting survey missions without operator interventions. However, in today’s age, AUVs vary in the way they are built and different AUVs can be personalised and vary in sizes from small to large. They are used for various purposes – commercial, military, research and exploratory purposes. In commercial sense, they are used for oil and natural gas drilling for assistance in appropriate geographical areas. In military sense, they are useful in finding boot-traps on the ocean beds. For research and exploratory purposes, they help in finding and tracking coral reefs and underwater ecosystem. The size of AUVs are detrimental in determining the depth till which they can be used.

Ken Research’s Global Autonomous Underwater Vehicles (AUVs) Market 2017-2025 by Industry Vertical, System Component, Vehicle Type, Propulsion System and Region gives a detailed analysis on the global market for autonomous underwater vehicles. The report likewise covers current aggressive situation and the anticipated assembling pattern; and profiles worldwide AUV sellers including market pioneers and significant rising players. In particular, potential dangers related with putting resources into worldwide AUVs advertise are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. The top market players are Atlas Elektronik Gmbh, Boston Engineering, ECA Group, Fugro Subsea Services Ltd, General Dynamics Mission Systems, International Submarine Engineering (ISE) Ltd., i-Tech (Subsea 7), Kongsberg Gruppen ASA, Lockheed Martin Corporation, Oceaneering International, Inc., Oceanserver Technology, Inc., SAAB SEAEYE LTD., Teledyne Gavia EHF. And Teledyne Technologies Inc.

There are various market drivers in AUVs – scientific, industrial, political and economic. There is growing demand for high resolution mapping and imaging data, which is expected to give deeper insights about geological processes. Industry drivers include new offshore renewables and caprbon capture and storage (CCS) and seafloor observatories. A common demand from all the drivers are high – resolution mapping data for environmental assessments and monitoring. Governments are also spending and investing on new equipment for both security and exploratory sakes. New Marine Protected Areas and other marine monitoring programmes have been a huge boost for companies. The only major market deterrents are high costs.

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Increasing Trends Worldwide Regarding the Automated Medication Dispensing Systems Market Outlook: Ken Research


The automated medication dispensing systems (AMDS), also well-known as the automated drug cabinet (ADC). These are robotic pharmacy recommendation dispensing devices, which enable the automatic or semi-automatic drug-storage and medicine dispense. The manufactured or designed for the effective utilization at hospital and retail pharmacies, these systems decrease the medication inaccuracies, hold the inventory prices, develop the admittance to drug information at point of attention, and enable for the conformation of system to meet specific clinical and operational needs. Furthermore, the players of automated medication dispensing market are innovating new application for developing the functioning of such technologies and increasing the demand which further benefitted for increasing the amount of revenue and leading the fastest market growth during the forecasted period more positively.



According to the report analysis, ‘Global Automated Medication Dispensing Systems Market 2017-2025 by End-user, Application, Operation and Region’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the high value of market share across the globe in the coming years more positively while introducing the new and effective techniques of advanced developed at a reasonable price and adopting the effective strategies and policies of working with the innovated technologies includes Abacus Rx, Inc., Accu-Chart Plus Healthcare Systems, Inc., Aesynt Incorporated, AmerisourceBergen Corporation, ARxIUM Inc., Baxter Healthcare Corporation, Becton, Dickinson & Co, Capsa Solutions, LLC, Cerner Corporation, ForHealth Technologies, Innovation Associates, Inc., InterMetro Industries Corporation, Omnicell, Inc, Parata Systems, Pearson Medical Technologies, LLC, RxMedic Systems, Inc., Scriptpro LLC, Swisslog Holding AG, Talyst, LLC, Willach Pharmacy Solutions GmbH, Yuyama and several others. Moreover, the focused players in this market are effectively using the growth opportunities, growth drivers and analyzing the profitable aspects of the market for increasing the value of profit and leading the fastest market growth in the short span of time more positively.

Additionally, the global market of automated medication dispensing is sectored into different sectors which majorly involves end user, application, operation and region. Whereas, based on the application the market is further sectored into in-patient automated dispensing and out-patient automated dispensing while, on the basis of operation, the market is split into centralized systems and decentralized systems. Not only has this, based on the geography, the market is spread around the globe which majorly involves APAC, Europe, North America, Latin America and Rest of the World.

Although, the potential players of this market are working more positively on the technological advancements minimizing the loss, developing the appropriate business models, effective formation of policies and strategies and influencing the players for investing the high amount of money. Furthermore, the North America region is expected to dominate the market growth more significantly by doing significant developments in the technology and techniques of working. The Asia Pacific region is also projecting to be an efficient player of this market in the terms of revenue along the significant developments in the underdeveloped regions. Therefore, in the coming years it is predicted that the market of automated medication dispensing systems will increase around the globe more positively over the recent few years.

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Rise in Urbanization Coupled with Escalating Disposable Income by the Individuals to Drive the Global Premium Eyewear Market over the Forecast Period: Ken Research

Eyewear consists of items & accessories worn over or on the eyes, for protection against the environment, fashion or adornment, and to improve or enhance visual acuity. It includes lenses, spectacles, and sunglasses worn for vision correction & protection of eyes from harmful ultra violet (UV) lights or dust particles.

According to study, “Global Premium Eyewear Market Size study, by Type (Prescription Eyeglasses, Sunglasses), by Application (Young Adults, Adults, Mature Adults, Seniors) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the global premium eyewear market are Luxotica Group S.p.A, Grand Vision, Essilor International, Carl Zeiss AG, Formosa Optical, Charmant, Hoya Corporation, De Rigo S.p.A, Safilo Group S.p.A, Indo Internacional, TEK Optical Canada, CIBA Vision, Johnson & Johnson, Marchon, Coopervision, GBV, Bausch & Lomb, Fielmann AG. All these manufacturers offer innovative spectacles & lenses, due to availability of lightweight materials and technological advancements.

Based on type, global premium eyewear market is segmented into sunglasses and prescription eyeglasses. Based on distribution channel, market is alienated into hospitals, multi-brand stores, company outlets or franchises, clinics and e-commerce or online. Based on application, market is characterized as adults, young adults, mature adults and seniors.

These days vision problems are general in both the male & female population across the world. The anxieties related with eyes of or problem seeing may vary significantly in proportion of harshness beginning from negligible blurred vision to complete blindness. The age-related macular degeneration and diabetic retinopathy is the most common ocular conditions. The vision limitation is the most common concern in females as compared to the male population and impact to older individuals which raise the usefulness of eyewear & further positively manipulate the growth & development of premium eyewear market.

The global premium eyewear market is driven by the rise in urbanization. Some of the other driving aspects include high healthcare expenditure in emerging markets, escalating disposable income of the individuals, upsurge in elderly populace & extended live expectancy and growing middle class population. The old aged people are liable to experience a large gamut of vision related problems such as cataract and presbyopia, thereby fostering a mounting demand for eyewear. Apart from advantages, some of the challenges include increasing number of refractive eye surgery and availability of counterfeiting eyewear. Additionally, some of the new trends are high prevalence of myopia & high myopia and escalating online eyewear retail channel.

North American region is a significant region across the world of this market. Whereas, due to the countries such as Japan, China, and India, Asia Pacific region is expected to exhibit higher growth rate over the projected period 2018-2025. In addition, the Europe region is expected to be the top growing region on account of escalating eye related disorders & diseases mainly in the countries such as France, Germany, United Kingdom and Spain. It is estimated that the global premium eyewear market will be reached at US $226.6 billion, by 2025. In upcoming years, it is probable that this market will be grown fast owing to rising hope on electronic gadgets which includes tablets, mobile phones television & computers which has resulted into vision concerns & has paved mode for the adoption of eyewear product

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Changing Dynamics Of The Worldwide Underwater Wireless Market Outlook: Ken Research

The underwater wireless communication network delivers help and discriminated services for the applications such as real-time observation, communication tools, surveillance for UAV and weather anticipating. With the effective rise in the off-shore oil and gas industry, collection of data from the bottom of the sea, observing the pollution in the water environment, detection of the new objects and transmission of the data among the ships have become crucial and demand proper communication. Whereas, over the past two decades, the heavy cables are being utilized to inaugurate a high-speed communications channel among the inaccessible source and the surface. This has got many shortcomings which involve durability and cost. To astound these happenings, the necessity of underwater wireless communication is proving vital. Furthermore, many of the players in the underwater wireless market are doing effective developments in the technology and techniques of performing a task for delivering the better consumer satisfaction and establishing the high-speed communication channel which further benefitted for leading the fastest market growth and dominating the high value of market share around the globe in the coming years.
Underwater wireless communication Market
According report analysis, ‘Underwater Wireless Communication Market - Global Drivers, Opportunities, Trends, and Forecasts to 2022’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the highest value of market share across the globe in the coming years while effectively facing the challenges related to the networking, advancing changing environment and growing security concern includes DSPComm, SONARDYNE, Subnero Pte LTD, Teledyne Technologies Incorporated, EvoLogics GmbH, Kongsberg Gruppen, Fugro, Saab AB and several others. Moreover, many of the players in this market are effectively adopting the strategies and policies of doing work for enlarging the business premises, delivering better product or services and generating the high amount of revenue in the short span of time. These factors also benefitted for increasing the value of a market share and leading the fastest market growth during the forecasted period.
The Underwater Wireless Communication market is predicted to observe an effective CAGR of 18.5% during the forecast period of 2016-2022. Moreover, the market of underwater wireless is sectored into different sectors which majorly involve interface platforms, regions and applications. Whereas, on the basis of region, the market is underwater wireless communications are spread around the globe which majorly involves Americas, Europe, Asia Pacific, and Middle East & Africa. Whereas, the Americas is set to be a significant region for the underwater wireless communication market growth followed by Europe. Asia Pacific region is known for enhancements in industries and project & programs by governments (India and China). MEA is set to be the evolving region with an effective bunch of opportunities and is predicted to reach USD 165.5 million by 2022.
Additionally, the transition to wireless communication could support to decrease the risks, cost, and develop production. Real-time observation, surveillance, & detecting (earthquake and tsunami) are some of the major factors driving the market. Therefore, in the near future, it is anticipated that the market of underwater wireless will increase more positively over the recent few years.
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