Global Anti-Drone Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Anti-Drone Systems Market was valued at ~US$ 500 million in 2017. Furthermore, owing to the increased use of drones to counter terrorism and prevent illicit activities, it is estimated to be ~US$ 1,500 million in 2022 and is expected to reach a market size of ~US$ 6,000 million by 2028 growing with a CAGR of ~25% during 2022 to 2028.

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Key Growth Drivers

• The increased use of unidentified drones for terror attacks and illicit activities is driving up demand for Anti-Drone.
• The advancement of remote sensing and surveillance technologies, such as automatic dependent surveillance-broadcast (ADS-B) is driving the demand for Anti-Drone.
• The higher costs of technologies associated with drones, such as radio frequency (RF) analyzers, sensors, and radar, are a major concern for the Anti-Drone market's growth.
• The ongoing COVID-19 pandemic initially disrupted the supply of Anti-Drone, but demand from the military sector was high, as global militaries' defense expenditures increased even during the peak of the pandemic.

Key Trends by Market Segment

By System: The detection segment held the largest market share of the global Anti-Drone systems market in 2021.

• Drone detection system is the most commonly known as they automatically detect unmanned aircraft systems (UAS), or drones.
• There are numerous technologies, including radio frequency (RF) technology, radar, and visual tracking, used to detect drone activity in the airspace, each technology has unique features relying on drone size and detection range.

By Technology: The laser system segment held the largest market share of the global Anti-Drone systems market in 2021.

• Its popularity largely stems from its ability to damage UAV cameras and temporarily disable the drone.
• Furthermore, an anti-drone laser system replaces conventional bullets to directly damage targets or render them ineffective by using a laser beam directed at the fire to produce three effects: ablation, shock wave, and radiation.

 By End-User: The military & defense segment held the largest market share of the global Anti-Drone systems market in 2021, owing to the increasing government initiatives to adopt counter-drone to monitor terrorist activities.

• The rapidly increasing number of terror attacks and illegal activities worldwide has fueled demand for anti-drone machines, which assist in safeguarding the area by preventing unauthorized drones from accessing.
• Growing concerns about the security risks posed by uncooperative and unregistered drones to both military and civilian entities were also likely to propel the anti-drone technology market forward.

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By Geography: North America accounted for the largest share of the global Anti-Drone Systems Market in 2021 and will remain dominant during the forecast period (2022-2028).

• The US Department of Defense's (DoD) increased investments in developing and deploying counter-drone systems are driving demand for Anti-Drone.
• For instance, in May 2022, according to the Congressional Research Service, a U.S.-based government agency, the United States Department of Defense (US DoD) announced plans to invest US$ 668 million on Counter-UAS (C-UAS) R&D and US$ 78 million in the procurement of such systems in May 2022.

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Competitive Landscape

The Global Anti-Drone Systems market is highly 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 radio frequency (RF) analyzers, acoustic sensors, optical sensors, radar, GPS Spoofers, high-power microwave (HPM) devices, and more.

Country-Niche players comprise about ~45% of the competitors, while regional players hold a share of ~35%. However most of the regional and country players are either suppliers of components or assembling partners of global players. Some of the major players in the market include Israel Aerospace Industries Ltd., Leonardo S.P.A, Rafael Advanced Defense Systems Ltd., Droneshield Ltd., Liteye Systems, Inc., Dedrone, DeTect Inc.,  MBDA, Battelle Memorial Institute, Saab Ab, Boeing, Drone Defense and among others.

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Recent Developments Related to Major Players and Organizations

• In October 2022, Dedrone, a U.S.-based software company, launched its next-generation handheld mitigation system named ‘Dedrone Defender’ with end-tan o-end counter-drone solution to deliver a connected gun for targeted precision Radio Frequency (RF) jamming.
• In June 2022, Israel Aerospace Industries (IAI), an Israeli manufacturer of aerial and astronautic systems, launched the 'Green Lotus,' a multi-sensor system. It is intended to provide maneuvering and stationary forces with high-performance counter-rocket, artillery & mortar (C-RAM), and air & ground surveillance capabilities.

CONCLUSION

The global Anti-Drone systems market is forecasted to continue the exponential growth that is witnessed since 2017. The major driving factor contributing to their expansion is the rising adoption of advanced technologies, including artificial intelligence (AI), and machine learning (ML) across industries and increased application areas, including military and defense, aerial imaging, cargo management, and others. Though the market is highly competitive with ~150 participants, few global players control the dominant share and regional players also hold a significant 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 maximum 2 working weeks.

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

Market Taxonomy

By System	Neutralizing Systems Detection Systems
By Technology	Electronic Systems Laser Systems Kinetic Systems
By End-User	Government Military & Defense Commercial Others
By Geography	North America (USA, Canada, and Mexico) Europe (France, Italy, Germany, Spain, UK, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific) LAMEA (Latin America, Middle East, and Africa)
Key Players	Israel Aerospace Industries Ltd. Leonardo S.P.A. Rafael Advanced Defense Systems Ltd. Droneshield ltd Liteye Systems, Inc. Dedrone DeTect Inc. MBDA Battelle Memorial Institute Saab Ab Boeing DroneDefense

Global Smart Grid Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Smart Grid Market is expected to record a positive CAGR of ~12% during the forecast period (2022-2028) and is expected to reach approximately US$ 100 billion by 2028.

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Key Growth Drivers

• The market is anticipated to be driven by factors like the popularity of smart meters, regional government initiatives, and funding for smart grid projects.
• The favorable regulatory frameworks of the governments of various countries that promote the implementation of smart grids are what largely drive the global smart grid market. By raising awareness of the advantages of smart grids, the legislative framework established by the government encourages and requires the implementation of such grids. The network defect can be detected by smart grids, and the network problem can then be automatically self-healed. Thus, the economy and numerous businesses are anticipated to benefit significantly from the reliable and efficient power supply provided by smart grids in the years to come.
• The high initial cost of automation becomes the market limitation
• Smart grid implementation in industries is a step in the automation process. The process of adopting automation equipment can be one of the most expensive ones. The cost of automating a process as well as the price of upkeep, repairs, and research and development are some of these expenditures.
• COVID-19 harmed the market in 2020. The market has now returned to its pre-pandemic levels. Long-term market growth is anticipated to be fueled by elements like expanding the use of renewable energy sources and growing the number of smart grid meters installed. During the projection period, the growing investments in EV charging infrastructure to encourage the adoption of EVs and reduce carbon emissions from the transportation sector are projected to present a market opportunity for the smart grid market.

Key Trends by Market Segment

By Component: The software segment held the largest share of the global smart grid market in 2021.

Utilizing digital technologies, smart grid software solutions enable the two-way exchange of energy and data between suppliers and customers. Digitizing the power grid reduces carbon emissions, lowers operating and managerial costs, lessens outages, increases security, and facilitates integrations with both traditional and renewable energy sources. A smart-grid meter, for instance, can be remotely programmed by the software developer or the utility company to enable two-way communication between provider and consumer. This is transforming the utility environment. Additionally, some businesses offer smart meter systems that feature improved metering infrastructure, automatic meter reading, and meter data management.

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By Technology: The advanced metering infrastructure technology segment held the largest market share in the global smart grid market in 2021.

• The expanding use of smart meters around the world is linked to upgraded metering infrastructure technology. Smart meters guarantee a regular, efficient, and dependable power supply that promotes market expansion. The cutting-edge metering infrastructure lowers operational costs, guarantees data security, detects network errors, and does many other things. The adoption of AMI is associated with a wide range of advantages, which is a major factor in this segment's growth.

By Application: The transmission application segment held the largest share of the global smart grid market in 2021.

• This can be ascribed to the increased global demand for safe, high-quality, and dependable transmission. Additionally, a significant worry that encourages the expansion of the transmission segment globally is transmission and distribution losses.
• Contrarily, it is anticipated that during the forecast period, the consumption category will expand the fastest. The primary drivers of this market category are the short reaction time for outages, better energy efficiency, and effective resource usage. Additionally, the segment's growth is accelerated by the growing use of ICT technology in smart grid systems.

By Geography: North America accounted for the largest market share in 2021 within the total global smart grid market.

• The formation of adequate and supportive regulatory frameworks linked to the implementation of smart grids in the region has received growing attention from the government in nations like the USA and Canada. Due to the region's early adoption of the smart grid and the improved financial stability of its economy, North America has become the market leader in this sector.
• The most opportunistic segment, on the other hand, is anticipated to be Asia Pacific during the projected period. Due to increased government initiatives and investments in the construction of smart grid systems across the nation for the effective delivery of power, countries like China, Thailand, and India are expected to offer attractive growth prospects in the years to come. For instance, to improve the operational effectiveness of Thailand's energy generation facilities, the Ministry of Energy collaborated with the New Energy and Industrial Technology Development Organization and the Marubeni Corporation.

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Competitive Landscape

The Global Smart Grid Market is highly competitive with ~400 players which include globally diversified players, regional players as well as a large number of country-niche players.

Large global players hold the highest market share of 45% which is followed by the regional players holding a 30% share. Most of the regional and country-niche players are suppliers of components or assembling partners of global players. Some of the major players in the market include General Electric, Schneider Electric, ABB Ltd., Siemens, Itron, Inc., Cisco Technology Company, Aclara Software Inc., OSI Systems, Oracle, Wipro, IBM, and others.

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Recent Developments Related to Major and Emerging Companies

• In May 2022, the introduction of electric vehicle charging stations throughout Saudi Arabia was announced by Electromin, a fully-owned subsidiary of Petromin and a turnkey solutions provider for e-mobility. A customer-focused smartphone application powers the network, which consists of 100 locations across the nation. To serve all consumer segments, Electromin's charging network will provide a full range of services, including AC home/office chargers, DC fast chargers, and DC ultra-fast chargers.
• In November 2022, together with Vodafone Corporation, Qatar Electricity and Water Corporation (KAHRAMAA) installed roughly 600,000 smart meters across Qatar. On Vodafone's Internet of Things (IoT) SIM platform, the smart meters are distributed, giving KAHRAMAA real-time data. The smart meter is run on the Vodafone Managed IoT Connectivity platform, a safe self-service platform that makes IoT management simple and gives the state-owned utility corporation all visibility and control over the smart meter systems.

Conclusion

The Global Smart Grid Market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the development of renewable and sustainable energy sources and growing efforts to reduce carbon emissions. Furthermore, the adoption of hybrid and electric vehicles has increased quickly around the world, which has led to an increase in energy demand. The market is highly competitive with ~400 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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 recently published report titled, Global Smart Grid Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions’ smart grid market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Component	Hardware Software
By Technology	Advanced Metering Infrastructure Distribution Management Substation Automation Communications Security Network Management
By Application	Generation Transmission Distribution Consumption
By Geography	North America (USA, Canada, and Mexico) Europe (Germany, UK, France, Spain, and Italy) Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia) LAMEA (Latin America, Middle East, and Africa)
Key Players	General Electric Schneider Electric ABB Ltd Siemens Itron, Inc. Cisco Technology Company Aclara Software Inc OSI Systems Oracle Wipro IBM

The Clinical Laboratories Industry in Vietnam is still growing, with a number of new opportunities on the horizon: Ken Research

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1. The Covid-19 pandemic, foreign investment and technological advancement were largely the factors boosting the Clinical Laboratories Market in Vietnam

The Clinical Laboratory market was initially facing a decline in growth rate between 2017-2019 owing to population not interested in taking regular diagnostic tests. Also, Covid-19 2020 generated exponential revenues as the number of RT-PCR conducted in 2020 was over 10 million. The Ministry of Health (MoH) Vietnam is also investing heavily into healthcare post this black swan event and the market is expected to grow in the coming years.

2.  Technological Advancements, Increasing Awareness and Rising Disposable Income are driving forward the Clinical Laboratories Market in Vietnam

There is a shift in focus from curative to preventive medicine which will give impetus to the consolidation of primary health and wellness centers.  Also, The Vietnamese population has become receptive to new technologies in healthcare. With Genetic Analysis Test introduced. Awareness about the routine health check-ups is increasing with an increase in media reach and Internet penetration and Vietnam faced a Covid-wave in early 2022 which has resulted in comorbidities in several patients and they are advised to take up regular diagnostic tests as a preventive measure.

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3.  Privatization, Change in Patient behavior and Government Support expected to contribute to the growth of Vietnam Clinical Laboratories Market

The Post-Covid comorbidities would contribute to major part of Testing revenue for the next 12-24 months in the market. Tests like D-dimer, Embolism, Myoglobin shall be essential. With the Healthcare Expenditure by the Vietnam Government expected to grow at a steady rate in the next 5 years and The CAGR of 10.4% in the Market reflects opportunity to enter the market in the coming years before the Market moves towards maturity.

For more insights on the market intelligence, refer to the link below:-

Vietnam Clinical Laboratories Market

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Philippines Clinical Laboratory Market Outlook to 2027F

Indonesia Clinical Laboratory Market Outlook to 2026F (Second Edition)

The Global Network Telemetry Market is expected to record a positive CAGR of ~20% during the forecast period (2022-2028) and is expected to reach approximately US$ 900 million by 2028.

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Key Growth Drivers

The increasing cases of cyberattacks which are targeted toward the companies’ servers and networks are helping the market grow.

• The cyberattacks can cause huge damage to companies as critical data and confidential information are stolen from their servers during such attacks. So, in order to have a safer network infrastructure, more and more companies are adopting network telemetry solutions and services thus positively impacting market growth.

The high upfront investments that are required for an organization to go for network telemetry services and solutions act as a constraint for market growth.

• The installation of network telemetry poses compatibility challenges for many organizations due to their existing legacy network. So, the complexities associated with the installations of the network telemetry solutions and services also act as a constraint for the market’s growth.
• Additionally, the strict regulations that are in place for network infrastructure-related activities also act as a constraint to the market’s growth.

The COVID-19 outbreak had a negative impact on the demand for Network Telemetry as various companies stalled their operations due to the imposition of the lockdowns initially. However, later as more and more organizations started operating from home, the companies required network telemetry solutions and services for managing their network infrastructure effectively which resulted in the market’s growth.

Key Trends by Market Segment

By Component: The Solutions segment held the largest market share in the Global Network Telemetry Market in 2021.

• As the adoption of network telemetry systems grows, the demand for network telemetry solutions among companies and service providers also grows.
• Services such as consulting, deployment, training, support, and maintenance are also growing as network telemetry companies are striving hard to offer the best services to their customers in managing the network telemetry system.

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By Deployment: The On-Premise segment held the larger share of the Global Network Telemetry Market in 2021.

• The on-premise segment offers greater control to the companies in terms of managing their data and also is more resilient than the Cloud-based tools. Also, the on-premise option helps companies manage real-time data to a more granular level which is helping this segment dominate.
• Cisco’s DNA Center appliance stores data for 14 days locally at its client’s location and the local network telemetry is neither sent to the cloud nor it is shared with any other servers.

By Enterprise Size: The Small & Medium Enterprises segment held the larger share of the Global Network Telemetry Market in 2021.

• The increase in the number of small and medium enterprises globally in almost all the industries such as Healthcare, IT, Telecommunications, Retail, Banking, etc., and a growing need to upgrade their existing network infrastructure as well as to have advanced technology and secure network infrastructure are helping this segment to dominate the market.

By End-user: The Service Providers segment held the larger share of the Global Network Telemetry Market in 2021.

• The increasing use of network telemetry systems by large global telecom companies to improve their network communication infrastructure and by cloud service providers to manage their network infrastructure through better analysis and optimization is helping the segment dominate.

By Geography: North America accounted for the largest market share in 2021 within the total Global Network Telemetry Market.

• North American region dominated the network telemetry market due to the presence of large data centers in this region, the presence of some of the biggest players in the market, and the growing investment by end clients to optimize their network infrastructure and IT data centers.
• The high volume of digital services also mandates that the network administrators demand better network telemetry systems to manage the already huge network infrastructure efficiently.

Competitive Landscape

The Global Network Telemetry Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players.

Approximately, the large global players constitute 10%, the regional players 30%, and country-niche players 60% of the market by type of companies operating in the market. Some of the major players in the market include Arista Networks, Inc., Cisco Systems, Inc., Juniper Networks, Inc., NVIDIA Corporation, VOLANSYS Technologies (An ACL Digital Company), Intel Corporation, Advanced Micro Devices, Inc, Marvell, Google, Netronome, and Apcela among others.

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Recent Developments Related to Major and Emerging Companies

• In June 2022, Arista launched its next-generation converged ultra-low 7130 Series for in-network applications. This system can integrate with CloudVision which is the multi-domain network telemetry management platform of Arista and can provide switching, monitoring, routing, etc. for the company’s extensive portfolio.
• In June 2022, Nvidia Corp. launched the latest version of NVIDIA NetQ to reduce downtime and automate network monitoring. It combines advanced telemetry and a user interface that simplifies troubleshooting as well as automates the network with reduced maintenance and downtime.
• In October 2021, Intel developed Open Standard Packet Telemetry that can help in improving data center visibility and making it more resilient. It is capable of tracking packets traversing the network and hence greater visibility on the performance of the network.

Conclusion

The Global Network Telemetry Market is forecasted to continue a strong growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing importance of highly secure and scalable network infrastructure, optimization of business performance through advanced network telemetry systems, and the need to have minimum downtime. The market is highly competitive with ~200 participants concentrating on expansion strategies through product innovations as well as acquisitions, partnerships and mergers.

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 recently published report titled Global Network Telemetry Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that segmented by Component (Solutions and Services [Consulting, Integration & deployment, and Training, Support & Maintenance]), Deployment (On-Premise and Cloud), Enterprise Size (Small & Medium Enterprises and Large Enterprises), End User (Service Providers [Telecom Service Providers (TSPs), Cloud Service Providers (CSPs), Managed Service Providers (MSPs)], and Verticals), and Region (North America, Europe, Asia Pacific, Latin America Middle East and Africa (LAMEA)).

Market Taxonomy

The Network Telemetry Market is segmented by component type, deployment, enterprise size, and end user. In addition, the report also covers market size and forecasts for the four major regions’ Network Telemetry Market. The revenue used to size and forecast the market for each segment is US$ million.

By Component

• Solutions
• Services
• Consulting
• Integration and Deployment
• Training, Support, and Maintenance

By Deployment

• On-Premise
• Cloud

By Enterprise Size

• Small and Medium Enterprises
• Large Enterprises

By End User

• Service Providers
• Telecom Service Providers (TSPs)
• Cloud Service Providers (CSPs)
• Managed Service Providers (MSPs)
• Others
• Verticals

By Geography

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

Key Players

• Arista Networks, Inc.
• Cisco Systems, Inc.
• Juniper Networks, Inc.
• NVIDIA Corporation
• VOLANSYS Technologies (An ACL Digital Company)
• Intel Corporation
• Advanced Micro Devices, Inc
• Marvell
• Google
• Netronome
• Apcela

Global Night Vision Device Market is expected to reach revenue US$ 14 Bn by 2028: Ken Research

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The Global Night Vision Device Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028) and reach revenues of about US$ 14 Bn by 2028, due to the rising spending by the governments on their military modernization, emerging technologies in the night vision devices, and the growing range of applications of these products in civil and defense-related security among other.

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Key Growth Drivers

• The rising cases of terrorist attacks globally every year are making governments focus and spend more on their security services to protect their citizens from such attacks which is one of the major factors propelling the Night Vision Device market growth.
• According to Global Terrorism Index 2022 data, there were 5,226 terrorist attacks globally in 2021, an increase of 17% from 2020.
• The availability of a variety of night vision devices such as riflescopes, goggles, cameras, and binoculars & monocular are providing the potential customers to purchase a product of their own choices based on their requirements which are driving the market as the companies are trying to offer products to cater to the demands of the end users.
• One of the leading players in the market Thales has been able to sell more than 70,000 units of its Lucie night vision goggles since its launch in 1995.
• The high costs associated with night vision devices are one of the biggest challenges to the growth of the market.
• For example, the night vision multipurpose monocular device offered by one of the major players in the market, American technologies Network corp., can cost anywhere in the range of ~US$4,000 to ~US$5,000.
• The Covid-19 pandemic had a positive influence on the growth of the market for night vision devices as it helped authorities monitor the citizens and the situation in a better way.
• For example, the United States Defense Department used thermal imaging techniques to check the elevated body temperatures of a person entering its military facilities to detect Covid-19 while allowing a safe distance between the operator and the individual.

Key Trends by Market Segment

By Device Type: Goggles segment holds the largest share of the Global Night Vision Device Market in 2021.

• Goggles category dominates the night vision devices market by device type as they use image enhancement technology and are able to provide a good image by amplifying the available light.
• The rise in research and development investment and increase in demand from military and defense sectors are driving its demand.
• In 2021, the American armed forces started using night-vision goggles which have augmented reality features. The Enhanced Night Vision Goggle-Binocular or ENVG-B uses an augmented reality overlay and combines thermal images with low light.
• The Camera segment is expected to grow at the fastest rate during the forecast period mainly due to their low maintenance cost and ability to reduce glare from harsh light sources.

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By Technology: The Image Intensifier technology segment dominated the market for Night Vision devices in 2021.

• This Image Intensifier technology is much cheaper than the other technologies such as thermal imaging which is a major factor in its growth.
• Furthermore, the integration of advanced technologies such as image intensifiers especially in border investigation applications for night vision devices is propelling the market growth.

By Application: The Surveillance segment held the largest market share in 2021.

• The Surveillance sector dominates the market due to the ever-increasing requirement of night vision security, enhanced border surveillance, and video surveillance to protect the ciites and citizens.
• During this covid pandemic period, video surveillance allows enforcement officers to keep an eye on the movement of people without causing any harm to themselves by keeping a safe distance.
• There has been a steady growth in security and surveillance budgets of governments. The US Homeland Security has budgeted US$ 86 Bn for border protection in 2023.

By Geography: North America accounts for the largest share among all Regions within the total Night Vision Device market in 2021.

• The security threats to countries like US and Canada coupled with the rising demand to bolster their internal securities 24/7 are driving the market growth of the North American market. The constant threat of cross-border human and drug trafficking for this region is also helping the market to grow.
• In September 2021, the US Army gave orders worth US$ 100 Mn to L3Harris Technologies to provide it the state-of-the-art night vision goggles. Till now the company has received orders worth US$442 Mn to deliver the night vision goggles and has provided more than 6,000 such goggles to the US Army.
• In April 2022, Americal Technology Network Corp. got approval from the U.S. government and delivered night vision devices to the Ukrainian army for its ongoing war with Russia.
• The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period 2022-2028, owing to the government’s investments in location-based devices, public transport systems, and the rising military and defense budgets.

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Competitive Landscape

The Global Night Vision Device market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche product ranges. The Night Vision Device market's growth is heavily reliant on the adoption of new technologies and advancements in the types of devices being made available to the end users.

Country-Niche players constitute majority of the competitors, while regional players hold a share of ~35% in terms of the number of competitors. Some of the major players in the market include L3 Technologies Inc., American Technologies Network Corp., BAE Systems PLC, Thales Group SA, SATIR, Elbit Systems Ltd., Teledyne FLIR LLC, Collins Aerospace, Meopta, Excelitas Technologies Corp., and Safran among others.

Recent Developments Related to Major Players and Organizations

• In April 2021, Elbit Systems got orders to provide Squad Binocular Night Vision Goggles to the U.S. Marine Corps for a price of US$ 41 Mn. This is part of a US$ 249 Mn deal between the company and the military that was signed in 2019.
• In October 2021, BAE Systems launched ultra low-light hawk eye image sensors which enable night vision even when there is an overcast starlight condition. Apart from the hawkeye, the company also launched a compact multichip camera module (MCM) that simplifies camera integration.
• In June 2020, Collins Aerospace Systems helped the U.S. Navy and Marine Corps in moving from an analog night vision systems to digital night vision systems. This helps the pilot to have better digital night vision for the pilot in low light conditions.
• In July 2020, two NATO countries opted for Safran’s wide-field view night vision goggles due to their reliability and robustness. Apart from these, the goggles also have the latest version of image intensifier tubes and defense optronics.
• In January 2022, the Defense Advanced Research Projects Agency (DARPA) as part of its Enhanced Night Vision in Eyeglass Form (ENVision) program tied up with 10 research teams representing industry players and universities. All these organizations will work in collaboration with the DARPA to develop night vision goggles that will be of comparable size and weight to regular eyeglasses.

Conclusion

The global night vision device market is forecasted to continue its stable growth since 2017. One of the major trends driving market expansion is the spiraling demand for lightweight products as well as the consumers having a wide range of products to choose from. Though the market is highly competitive with ~200 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 report delivered within maximum of 2 working weeks.

Ken Research has recently published report titled, Global Night Vision Device Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that segmented by Device Type, Technology, Application, and End-User. In addition, the report also covers the market size for each of the four regions' night vision device markets. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

By Device

• Goggles
• Monocular & Binoculars
• Camera
• Glasses
• Scopes
• Others

 By Technology

• Thermal Imaging
• Image Intensifier
• Infrared Illumination
• Others

 By Application

• Military & Defense
• Wildlife Spotting & Conservation
• Surveillance
• Targeting
• Navigation
• Others

 By Geography

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

Indonesia Used Tractor Market is in its growing stage, Driven By Remote Monitoring Technologies, Farm Mechanization and Dominated by Low Engine Power Tractors: Ken Research

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Focus on lower HP Tractors, New Government Policies, and the Contribution of Farmers in the market are major factors contributing to the development of the Used Tractor Market in Indonesia.

Growing Demand for lower HP tractors: Demand for lower HP tractors is high due to the low disposable income of farmers and high labour costs. One of the features of low an HP tractor is that it can be used in small farms and gardens. Such tractors also allow farmers to work during low visibility field conditions during rain, dust, and fog and maximize efficiency making farming more accurate and productive.

Contribution of Smallholder Farmers: Indonesia is 3rd largest producer of rice in the world. It has been hit by both droughts and floods in the past few years which has impacted the yield of crop production and it has the lowest proportion for smallholder farmers as compared to other Asian Countries helping the country to grow positively.

Promising Government Initiatives: Indonesia’s manufacturing exports are dominated by ‘low-tech’ agricultural spare parts & accessories and operations are focused mainly on blending and assembly. The Govt. has been taking multiple reforms to aid agricultural laborer's. Self-driven or automatic tractors are gaining traction in foreign countries. As a result, 2W tractors/tillers are also being imported by countries such US, France, and Indonesia.

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Increased Awareness about Mechanization: The need for improvement in the productivity of agricultural land and shift towards agriculture mechanization has caused the majority of farmers to increase their demand for tractors. Surge in demands for power, precision, handling, and efficiency have collectively led to the development of modern planter tractor and continue to drive the development of these tractors. The increasing cost of farm labour over the years has caused a majority of farmers to substitute farm labour with agricultural machinery, which resulted boost in sales of used tractors.

 Analysts at Ken Research in their latest publication “Indonesia Used Tractor Industry Outlook to 2026F, Driven By Remote Monitoring Technologies, Farm Mechanization and Dominated by Low Engine Power Tractors " by Ken Research provides a comprehensive analysis of the potential of Used Tractor Market in Indonesia. The rising consciousness among the population of mechanization, along with the growing Low Engine power Tractor and Government Initiatives, is expected to contribute to the market growth over the forecast period. Indonesia Used Tractor Market has been growing at a robust CAGR over the period of 2022-2026.

Key Segments Covered: -

Segmentation on basis of power:

• Less Than 30 HP
• 31-60HP
• 60-100HP
• 100HP+

Segmentation on basis of purpose:

• Agriculture
• Construction

Segmentation on basis of reason:

• Java
• Sumatra
• Sulawesi
• Lesser sunda island

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Segmentation Basis Sale Distribution Channel:

• Offline Channel
• Financial Institution/Auction
• Online Channel

Segmentation Basis Price (THB):

• Less than 70,000,000 IDR
• 70,000,001-100,000,000
• 100,000,001- 150,000,000
• 150,000,001+

Segmentation Basis Usage (hours):

• Less than 500 hours
• 501-1500
• 1501-3000
• 3001-5000+

Key Target Audience

• OEMs
• Multi-Brands
• Online Used Tractor Portals
• Used Tractor Financing Companies
• Government Bodies
• Investors & Venture Capital Firms
• Used Tractor Dealerships
• Used Tractor Manufacturing Companies
• Used Tractor Distributors
• Used Tractor Auction Houses
• Used Tractor Associations

Time Period Captured in the Report:

• Historical Period: 2017-2022P
• Base Year: 2022P
• Forecast Period: 2022–2027F

Companies Covered:

      OEM Companies:

• New Holland
• Traktor Nusantara
• Yanmar
• John Deere
• Kubota
• Cnh Industrial

Market Place/ Classifieds

• Com
• Tokopedia
• Olx Bri
• Com
• Shopee

Finance Companies

• BAF
• Mandiri
• JTO Finance
• Adira Finance

Key Topics Covered in the Report

• Indonesia Used Tractor Market Overview
• Indonesia Agricultural Market Overview
• Indonesia Used Tractor Market
• Market Ecosystem
• Market share of Major Used Tractor Companies, 2022P
• Value chain Analysis
• Detailed Analysis on Indonesia Used Tractor Market
• Market Segmentations; Competition; Future Market Size, 2027)
• Future Trends and the Way Forward
• Snapshot on Climate Change and its impact
• Snapshot on second hand agricultural vehicles
• Snapshot on staple crop of Indonesia
• Future Market Size of Indonesia
• Future Segmentation for Indonesia Used Tractor Market,2027F
• On- Demand Tractor Services
• Analyst Recommendations

For more insights on the market intelligence, refer to the link below: -

Future Outlook of Indonesia Used Tractor Market

Related Reports by Ken Research: -

Thailand Used Tractor Market Outlook to 2027F

Philippines Used Tractor Market Outlook to 2027F 

USA E-Commerce Logistics Market Outlook to 2026: Ken Research

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Focus on Increase in cross-border e-commerce activities and Technological Innovations Are Major Factors Contributing towards development of E-Commerce Logistics Market in USA

Increase in cross-border e-commerce activities: Increase in cross-border e-commerce activity drives the growth of the e-commerce logistics market is USA. Rising per capita incomes and increasing access to foreign brands are favoring cross-border e-commerce. Trade corridors facilitate trade between geographical regions and facilitate economic development. Logistics plays an important role in cross-border e-commerce. Cross-border B2C e-commerce activities have eliminated most supply chain shortcomings, such as cumbersome delivery routes. USA based e-commerce; Amazon has developed cross-border inventory sales program to streamline B2C cross-border e-commerce transactions in Europe. This will boost the market trend of B2C cross-border e-commerce.

Innovations: Cloud computing, mobile applications, social networking, and big data are new e-commerce innovations that can offer lucrative opportunities for service providers to rethink their business models, redefine their strategies, and reshape their business models. Drone delivery is becoming popular in the market. This means that e-commerce logistics companies have a better chance of survival in the market with automated delivery services, as drones can deliver on time even in difficult terrain. In the near future, the emergence of e-commerce warehouses and increasing opportunities for business growth in the e-commerce sector are expected to drive the expansion of the e-commerce logistics market.

Increase in number of warehouses: Number of warehouses in USA has increased from 17,389 in 2017 to 198,190 in 2020. Online shopping has become common and a go-to choose for essentially all types of customers thereby increasing the demand for warehousing spaces. Demand for U.S. distribution space is driven by increased speed of e-commerce operations.

Analysts at Ken Research in their latest publication “USA E-Commerce Logistics Market Outlook to 2026F- Driven by Increase in Cross-Border E-Commerce Activities along with Same Day Delivery and Technological Innovations” by Ken Research observed that E-Commerce Logistic market is an emergent Logistic market in USA at a growing stage from the economic crisis after pandemic. The Merger, acquisition and key investment, increase in number of warehouses along with Online shoppers buying behavior is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 14% CAGR during 2022-2026F owing to Same day delivery, Government regulations for USA e-commerce logistics market.

Key Segments Covered in the report

USA E-Commerce Logistics Market

• By Types of Shipment (By Revenue in %), 2021 and 2026F
• Domestic Shipments
• International Shipments

• By Types of Company (By Revenue in %), 2021 and 2026F
• 3PL
• Captive (E-Commerce Merchants)

• By Mode of Shipment (By Revenue in %), 2021 and 2026F
• Land
• Air & Sea

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• By Delivery Period (By Revenue in %), 2021 and 2026F
• Same Day
• 1 -2 Days
• 2-4 Days

• By Modes of Payment (By Revenue in %), 2021 and 2026F
• Cash on Delivery (COD)
• Prepaid (Credit Cards, etc.)

• By Type of Product (By Revenue in %), 2021 and 2026F
• Electronics
• Toys
• Fashion Apparels
• Others

Key Target Audience

• E-Commerce Companies aiming to establish in USA
• USA E-Commerce logistics industries
• Government Bodies & Regulating Authorities
• E-Commerce Industry
• Logistics industry
• Shipping company
• Warehousing Companies
• E-Commerce users
• Industry Associations

Time Period Captured in the Report:

• Historical Period: 2019-2021
• Base Period: 2021
• Forecast Period: 2022F-2026F

Companies Covered:

• DHL (North America)
• XPO Logistics (North America)
• Ryder (North America)
• Geodis (North America)
• Americold Logistics
• Amazon
• Ebay
• Walmart
• ShipBob
• FedEx
• UPS

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Key Topics Covered in the Report

• Ecosystem of major entities in USA e-commerce logistics market
• Overview of USA logistics infrastructure and dependent market
• Market overview & genesis
• Logistics business model
• Value chain analysis e-commerce logistics
• USA E-commerce Logistics Market Size, 2019 - 2022
• Segmentation by type of shipment and type of company on the basis of revenue
• Segmentation by mode of shipment & delivery period on the basis of revenue
• Segmentation by modes of payment & type of product on the basis of revenue
• Factors influencing partnership decision with logistics provider
• Cost component analysis for logistics provider
• SWOT analysis of USA e-commerce logistics market
• Trends & development of USA e-commerce logistics market
• Growth driver of USA e-commerce logistics market
• Issues and challenges of USA e-commerce and e-commerce logistics market
• Government regulations for USA e-commerce logistics market
• Impact of covid-19 on USA e-commerce and e-commerce logistics
• Key elements of the recovery phase for companies from pandemic
• Company profile of Amazon e-commerce company
• Company profile of E bay, Walmart, Target e-commerce company
• Strength and weakness of major e-commerce players in USA
• Company profile of DHL (North America)
• Company profile of XPO Logistics (North America)
• Company profile of Ryder (North America)
• Company profile of Geodis (North America)
• Company profile of Americold Logistics
• Cross-comparison of major players in USA e-commerce logistics market
• Brand awareness
• Strength & weakness of major players in USA e-commerce logistics market
• Future Outlook
• Analyst recommendation

For more information on the research reports, refer to below link:

USA E-Commerce Logistics Market Outlook to 2026: Ken Research

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Germany E-Commerce Logistics Market Outlook to 2026F

USA Logistics Industry Outlook to 2026

KSA E-Commerce Logistics and Warehouse Market Outlook to 2026F: Ken Research

KSA Dental Services Market Outlook to 2027F: Ken Research

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Snowballing burden of oral diseases and the aging population in Saudi Arabia, technological advancements in dentistry along with an inclination toward the use of minimally invasive procedures and artificial dentistry are propelling the growth.

Rise in General Awareness: Increasing general awareness about the oral hygiene have been a major growth driver in the recent years. Also, increased knowledge along with scientifically proven correlation between oral and medical health has made the population more aware about their oral health by helping them understand the consequences of neglecting oral health.

Initiatives by the Government: The government of KSA takes various initiatives to ensure proper oral health for the population. For instance, in 2019, Ministry of Health launched Mobile Dental Clinics to promote School Children’s health. There are Specialist Dental Centers run by Ministry of Health as well. The Health Sector Transformation Program under the Vision 2030 has taken various initiatives to improve the condition of healthcare in KSA; benefitting the dental services market as well. Also, the government of KSA ensures employment of the locals by policies that focuses on the employment of the Saudi citizens.  

Use of Advance Technology: Various technological advancements in terms of Artificial Intelligence and Virtual reality have been a factor of growth in the market. Also, the Internet of Dental Things offers a 'smart' dental health care strategy that has enormous promise in reaching out to patients in an increasing range of dental disciplines, including oral and maxillofacial pathology and surgery, prosthodontics and implant dentistry, periodontics, and oral public health.

Inequality and Low Dental Care Accessibility: One of the major challenges witnessed by the KSA Dental Services is socioeconomic-related inequality and horizontal inequity in dental care utilization. As per a survey conducted by Saudi Ministry of Health, the scarcity of dental health providers was highlighted in regions such as Jazan and others. However, these major challenges can be tackled with proper governance in the country.

Analysts at Ken Research in their latest publication “KSA Dental Services Market Outlook to 2027F- Driven by Rising Oral Health Awareness, Demand for Aesthetics among Saudi Arabians and Government Initiatives” by Ken Research observed that KSA Dental Service market is in the growing phase. The Rise in General Awareness, Use of Advance Technological Dentistry Devices, Organisation of multiple Dental Chains, increasing spending power and Government Initiatives are some of the factors that has contributed to the KSA dental service market growth. It is expected that KSA dental service market will grow at a CAGR of 14% for the 2022-2027F forecasted period.

Key Segments Covered

KSA Dental Service Market:

• By Type of Services (by Revenue:

• Endodontics

• Orthodontics

• Implantology

• Prosthodontics

• Periodontics

• By Institutions (by Revenue):

• Dental Clinics

• Hospitals

• By Type of Dental Clinics (by Revenue):

• Organized

• Unorganized

• By Revenue-Division (by Revenue):

• Domestic Tourist

• International Tourist

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• By Cities (by Revenue):

• Riyadh

• Jeddah

• Dammam

• Al Khobar

Key Target Audience

• Dental Service Providers

• Dental Equipment Distributors

• Dental Equipment Manufacturers

• Dental Clinics

• Hospitals

• Healthcare Companies

• Pharmaceutical Companies

• Tourism Agencies

• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2018-2021

• Base Year: 2022P

• Forecast Period: 2022P– 2026F

Companies Covered:

• AlMeswak Dental Clinics

• ALMUHAIDB Dental Group

• Safwat Al Muhaidib

• Al-Farabi Dental and Orthodontic Company

• Ram Clinics Group

• Segal Dental

• Kadoon Clinics

• Star Smile

• Image Dental Clinic

• Dr. Abdulaziz Al Ajaji Dental Clinics

• Avicena Dental Center

• Cham Clinics

• Andalusia Al-Sanabel and Prince Fawaz clinics

• Sigal Dental Clinic

Key Topics Covered in the Report:

• KSA Healthcare Overview

• Ecosystem and Business cycle of KSA Dental Services Market

• KSA Dental Services Market Size, 2019-2022P; and Segmentations, 2022P

• End User Analysis of KSA Dental Services Market

• Consumer Analysis of KSA Dental Services Market

• SWOT Analysis of KSA Dental Services Market

• Growth Drivers for KSA Dental Services Market

• Trends Driving Adoption of Digital Innovation

• Government Regulatory Bodies and Regulations of KSA Dental Services

• Major Challenges Faced in the KSA Dental Care Market

• Competition Analysis of KSA Dental Services Market

• Cross Comparison of Major Players in KSA Dental Services Market (Year of Establishment, No of Dentist, No of Dental Chairs, No of Employees, Avg ticket Size in SAR, Estimated Revenue, Insurance Partners)

• Cost Sheet of Major treatments and Price List of major Players

• Covid-19 Impact on KSA Dental Services Market

• Future Outlook & Projections of KSA Dental Services Market

• Analyst Recommendations

For more information on the research report, refer to below link:

KSA Dental Services Market Outlook to 2027F: Ken Research

Related Reports:

India Dental Services Market Outlook to FY’2027F – Driven By Rising Dental Awareness, Dental Tourism, Lower Dental Services Cost and Government’s Strong Initiatives in Healthcare System

Malaysia Dental Services Market Outlook to 2026F- Driven by Rising Dental Awareness, Cosmetic Dentistry, Government Policies and Increase in Disposable Income

Singapore Dental Services Market Outlook to 2026F– Driven by Rising Dental Awareness, Technological Upgradation and Government’s Health Insurance Programs in Healthcare System

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

The Global Fiber Glass Market was valued at ~US$ 12 billion in 2017. It is estimated to be ~US$ 15 billion in 2022 and is forecasted to reach a market size of ~US$ 20 billion, growing at a CAGR of ~5% owing to the rising demand from the manufacturing industry.

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Key Growth Drivers

• The expansion of the construction sector is the main driver for the growth of the fiberglass market. The market is growing due to a notable rise in attention paid to infrastructure and road quality. In the construction industry, fiberglass is used in mesh fabrics that prevent cracks in interior walls, floor covering, wall covering, in self-adhesive drywall tapes, waterproofing frit, and others. There has been a significant rise in modern architecture in recent years, leading to the development of modern materials such as glass fiber.
• The major challenge faced by the fiberglass market is the negative environmental effects during the production of the material. Fiberglass processing and production require a high volume of energy and resources which generally have an adverse impact on the environment. Fiberglass production generates not just air pollution but also solid and liquid waste. Strict restrictions and standards established by the governments of different countries may impede the growth of the fiberglass industry, influencing the overall market.
• The market was negatively impacted by the COVID-19 pandemic during the first half of 2020, as most of the end-use industries that use fiberglass were shut down and sales of fiberglass saw a major change of trend during this period. Production halts and supply chain disruptions during the COVID-19 pandemic led to the suspension of several other activities along the value chain of industries, such as automotive, construction, aerospace, and others. However, the market is expected to exhibit significant growth in the forecast period due to surging demand for fiberglass material products in the textile industry.

Key Trends by Market Segment

• By Glass Type: The E-Glass segment held the largest market share in the global fiber glass market in 2021, due to its qualities such as high flexibility, corrosion, and abrasion resistance.
• E-glass is produced from the oxides of magnesium, calcium, boron, and aluminum. It is lightweight woven plastic fabric that is frequently utilized in maritime, industrial, and aerospace applications.
• The S-glass segment is expected to register the highest CAGR during the forecast period, as it has high compressive strength, and high-temperature resistance, as a result, it is widely used in composites and textile industries.

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By Product Type: The glass wool segment held the largest market share in the global fiber glass market in 2021, as it is widely used as an indoor thermal and acoustic insulation material.

• Glass wool is a popular indoor thermal and acoustic insulation material. The product is most typically used beneath pitched roofs, on hardwood floors, or on interior walls.
• The chopped strands segment is expected to register the highest CAGR during the forecast period, due to its wide usage as a reinforcement material with high performance resin in automotive and electronics industries.

By Application: The composites segment held the largest market share in the global fiber glass market in 2021, due to the rising automotive and construction industries.

• The fiber glass composite materials help make automotive structures lighter in weight and exhibit high strength. With the rising environmental concerns, there is an increasing demand for lightweight composite materials across numerous industries for reducing carbon footprints.
• Growing focus on the production of lightweight vehicles is driving the usage of fiberglass composites in the automotive industry.

By Region: Asia Pacificheld the largest market share among all other regions within the global fiber glass market in 2021, due to the growing demand for eco-friendly products that have led to technological advancements to augment the growth of the region.

• The Asia Pacific is the largest consumer and producer of fiberglass owing to the presence of rapidly growing economies in the region such as China and India. Factors, such as the rising population, are likely to be the major drivers for the market in this region.
• The rising disposable income coupled with the presence of key players in the Asia Pacific is likely to drive the regional market over the forecast period.

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Competitive Landscape

The Global Fiber Glass Market is highly competitive with ~150 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of Fiber Glass used in various end-user industries.

Country-niche players constitute ~35% of the total number of competitors, while regional players dominate representing ~50% of total competitors. Some of the major players in the market include ASAHI FIBER GLASS Co., Ltd., 3B - the fibreglass company, China Jushi Co., Ltd., Johns Manville, Knauf Insulation, Nippon Electric Glass Co.,Ltd., Owens Corning, Saint-Gobain, xingtai jinniu fb glass, Taiwan Glass Industry Corporation, among others.

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Recent Developments Related to Major Players and Organizations

In January 2022, Therma-Tru, a renowned name in the door industry, announced the launch of its new sustainability-driven social initiative. Therma-Tru is known for its fiberglass door offerings that are made from 95% recycled content, and these sustainable offerings account for nearly half of its total fiberglass product portfolio.

In November 2021, Taishan Fiberglass Inc. invested US$ 250 million in the establishment of a Greenfield fiber manufacturing plant in Gujarat, India. With this plant, the company served the markets of India and the Middle East.

In July 2021, Owens Corning acquired Vliepa GmbH to broaden its non-woven product catalogue aimed to serve the building and construction sector in the European region.

Conclusion

The Global Fiber Glass Market witnessed a negative impact due to COVID-19 owing to the strict regulations in several countries that temporarily halted all types of processes and shut down all the major industries. E-Glass type is the most common type of fiber glass among other types such as S-glass, ECR-glass, H-glass, and AR-glass. Majorly, the fiber glass is used in composites that can further be utilized in various end-use industries such as automotive, building & construction, aerospace & defense, marine, sports & leisure, pipe & tank, and others. Though the market is competitive with over ~150 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

Note: This is an On-Demand/Planned report, so the figures quoted here for 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 report delivered within a maximum of 2 working weeks.

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

Market Taxonomy

lass Type E-Glass ECR-Glass H-Glass AR-Glass S-Glass Product Type Glass Wool Yarn Roving Chopped Strands Others Application Composites Insulation End-User Automotive Building & Construction Aerospace& Defense Marine Sports & Leisure Pipe & Tank Others Region North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific) LAMEA (Latin America, Middle East, Africa) Key Players Asahi Fiber Glass Co., Ltd. 3B - the fibreglass company China Jushi Co., Ltd. Johns Manville Knauf Insulation  Nippon Electric Glass Co.,Ltd. Owens Corning Saint-Gobain xingtai jinniu fb glass Taiwan Glass Industry Corporation

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

Global Fiber Glass Market: Ken Research

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Global Neuroprosthetics Market is Forecasted to reach a Market Size of ~US$ 15 billion: Ken Research

 Global Neuroprosthetics Market was valued at ~US$ 5 billion in 2017. It is estimated to be ~US$ 8 billion in 2022 and is forecasted to reach a market size of ~US$ 15 billion, growing at a CAGR of ~12% owing to the rising demand from the manufacturing industry.

Key Growth Drivers

• The increasing prevalence of neurological disorders is driving the growth of the market. Neuroprosthetics are used when other treatments are unable to cure a disease or condition. The adoption of neuroprosthetic technologies, such as SCS, DBS, Vagus nerve stimulation (VNS), and sacral cord stimulation, is growing in developed countries such as the US, Canada, and Australia, boosting the growth of the overall market.
• The high cost of neuroprosthetic products is challenging the neuroprosthetics market growth. Cochlear implants are more expensive than hearing aids. The high cost of surgery and difficulty in maintenance is anticipated to pose a significant challenge during the forecast time. The high cost of the implants, as well as the problem of maintaining them, has hampered market growth.
• The market was significantly impacted by the COVID-19 pandemic during the first half of 2020, due to a major drop in non-urgent treatments such as cochlear implant surgery around the world. With the increase in COVID-19 cases, governments around the world implemented various safety measures such as lockdowns and stringent guidelines, disrupting the international supply chain of cochlear implants.

Key Trends by Market Segment

By Type: The input neural prosthetics segment held the largest market share in the global neuroprosthetics market in 2021, owing to the growing burden of hearing loss and advancements in technology for the development of novel devices.

• The input neural prosthetics include a cochlear Implant and bionic eye/retinal Implant. These are electronic devices that can help to provide a sense of sound to a person who is profoundly deaf or severely hard of hearing.
• The motor prosthetics segment held a significant share of the market owing to the rising adoption of bladder control implants and brain-computer interfaces for paraplegic and lateral sclerosis patients.

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By Technique: The spinal cord stimulation segment held the largest market share in the global neuroprosthetics market in 2021, due to the rising prevalence of chronic pain among the population across the globe.

• The increasing failed back syndrome, and complex regional pain syndrome are projected to increase the demand for spinal cord stimulation technology-based neuroprosthetics devices.
• The recent product approvals based on spinal cord stimulation technology is likely to propel the neuroprosthetics market in the coming future. For instance, in July 2021, Nevro received FDA approval for its 10 kHz high-frequency spinal cord stimulation therapy for the treatment of chronic pain associated with Painful Diabetic Neuropathy (PDN).

By Application: The motor neural prosthetics segment held the largest market share in the global Neuroprosthetics market in 2021, owing to its rising adoption in parkinson’s and epilepsy coupled with the rising prevalence of these aforementioned disorders.

• Cognitive disorders segment is expected to hold the highest CAGR during the forecast period, owing to the rising incidences of Alzheimer’s disease and severe depression.
• The introduction of advanced implants capable of calculating limb trajectory and stimulating motor control for movements, used in the treatment of paralysis are further anticipated to augment the market growth over the forecast period.

By Region: North America held the largest market share among all other regions within the global neuroprosthetics market in 2021, due to the supporting government policies to augment the growth of the region.

• The large share of the region is attributed to the presence of factors, such as government & private funding and well-established healthcare facilities.
• In the USA, more than a thousand people are living with spinal cord injury and half of these people cannot move from the neck which is expected to drive the treatment through neuroprosthetics.

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Competitive Landscape

The Global Neuroprosthetics Market is highly competitive with ~150 players, including globally diversified players, regional players, and many country-niche players. Most of the regional players are the developers of Neuroprosthetics used in various end-user industries.

Country-niche players constitute ~25% of the total number of competitors, while regional players dominate representing ~45% of total competitors. Some of the major players in the market include Abbott, Boston Scientific Corporation, Cochlear Ltd, Cyberonics, Inc., LivaNova PLC, Medtronic, NeuroPace, Inc., BioRegio STERN Management GmbH, Second Sight, Sonova, among others.

Recent Developments Related to Major Players and Organizations

• In July 2022, Sensorion declared that regulatory authorities in Australia have given their approval for the start of a Proof of Concept (POC) clinical trial of SENS-401 (Arazasetron) in patients who are scheduled for cochlear implantation.

• In January 2022, TODOC, a Korean company that specializes in neural prosthesis and neuromodulation systems, announced the introduction of its artificial cochlear implant 'SULLIVAN' at the "CES 2022" in Las Vegas.

Conclusion

The Global Neuroprosthetics Market witnessed a negative impact due to COVID-19 owing to the strict regulations in several countries that temporarily halted all types of processes and shut down all the major industries. Input Neural Prosthetics, which include cochlear implants and bionic eye/retinal implants are the most common type of neuroprosthetics. Majorly, the spinal cord stimulation neuroprosthetics technique is used for treating cognitive disorders such as Alzheimer’s disease and paralysis. Though the market is competitive with over ~150 participants, regional players control the dominant share in the market and country-niche players also hold a significant share.

Ken Research has recently published report titled, Global Neuroprosthetics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that segmented by type, technique, application, and region. In addition, the report also covers the market size for each of the four regions' Neuroprosthetics market. The revenue used to size and forecast the market for each segment is US$ billion.