Vibration Control System Market Size Worth $6.7 Billion By 2027

The global vibration control system market size is expected to reach USD 6.7 billion by 2027, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of the technology in healthcare applications is expected to drive market growth over the forecast period. Vibration control systems are being used in healthcare applications to mitigate the impacts of quiver on sensitive equipment such as DNA sequencing microarrays and Magnetic Resonance Imaging (MRIs).

The technology is also extensively used in the aerospace and defense industry to decrease the vibrations causing damage to the aircraft windshield, windowpanes, doors, and shipments. Based on system type, the market is segmented into motion and vibration control systems. The demand for motion control systems in automotive, power plants, and oil and gas industry has increased over the last few years. Motion control systems isolate the effects of quiver and shock in power plants, thereby increasing the demand for such systems among these industries.

Besides, the electronics and electrical industry, including industrial goods, is witnessing a paradigm shift in terms of increasing usage of vibration control methods. Moreover, the technology is also used in the industrial goods industry for isolating vibrations on electronic instruments and measuring equipment. In Asia Pacific, the market is anticipated to witness significant growth owing to the presence of major manufacturers in China. The low cost of capital and availability of cheap labor and material in the region is expected to drive the market in the region by 2027.

In North America, the vibration control system market is anticipated to witness considerable growth attributed to rising demand from aviation, healthcare, and defense sector in U.S. and Canada. U.S. is expected to dominate the market in North America owing to increasing use of the technology in automotive, electrical and electronics, and food manufacturing sectors.

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Further key findings from the study suggest:

The market is anticipated to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including healthcare, oil and gas, and aerospace and defense
The vibration control segment accounted for the highest market share in 2019, owing to growing demand for automation in power plants and oil and gas industries
The aerospace and defense industry is expected to register highest growth over the forecast period, owing to increasing stringent regulations by defense authorities and airlines authorities on system design
In Europe, the market held the largest share in 2019, owing to the presence of large number of automobile manufacturers in the region
Key players in the vibration control system market include ContiTech AG; Lord Corporation; Resistoflex (P) Ltd.; HUTCHINSON; Fabreeka; Sentek Dynamics Inc.; VICODA GmbH; Isolation Technology Inc.; Trelleborg AB; and Kinetics Noise Control, Inc. New product development and expansion remains the key strategy adopted by the leading manufacturers in the market.

Interactive Tables Market Size Worth $1.5 Billion By 2027

The global interactive tables market size is expected to reach USD 1.5 billion by 2027, registering a CAGR of 7.2% over the forecast period, according to a new study by Grand View Research, Inc. Implementation of multi-touch technology in the education sector is expected to drive the market over the forecast period. Growing demand for digital classrooms that allow numerous students to work together for cooperative learning is expected to boost market growth.

Interactive tables are also extensively used in trade shows and exhibitions that require the display to be clear as well as allow multi-touch. 32 to 65 inch tables are witnessing increased demand among the exhibitions as they provide better clarity and are highly portable.

Furthermore, growth of the market is attributed to emergence of various interactive display technologies, especially in North America. Besides, the hospitality sector is witnessing a paradigm shift in terms of the transportation sector, including train stations, airports, and public places. At such public places, visitors and travelers can get personalized information, such as booking & check-in, social media sharing, and special offers, at interactive info screens and kiosk terminals.

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https://www.grandviewresearch.com/industry-analysis/interactive-tables-market

Further key findings from the study suggest:

The market is anticipated to witness substantial growth in the coming years owing to rising significance of gamification in the education system and adoption of interactive tables in the hospitality sector
Based on technology, the capacitive segment accounted for the largest market share in 2019 owing to improved touch technology and distance sensing
By screen size, 32 to 65 inch tables captured a significant market share in 2019 and are witnessing high demand across various sectors as they are portable and easy to carry from one place to another
The interactive tables market in North America is expected to witness significant growth owing to the presence of a large number of restaurants using interactive technologies, coupled with strong presence of touch table solution providers in U.S.
Key players in the market include Box Light Corporation, DigaliX, eyefactive GmbH, Garamantis GmbH, and HORIZON DISPLAY, LLC.

Aviation Connector Market Worth $7.2 Billion By 2027

The global aviation connector market size is expected to reach USD 7.2 billion by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the increased manufacturing of new aircraft in the commercial and military sectors for replacing the lesser efficient fleet.

The governments of prominent countries such as U.S., Singapore, India, and China are making significant investments for upgrading their military jets and aircraft fleets, which are specially designed for harsh weather and war conditions. Moreover, the introduction of new technology and solution in business jets, commercial and general aircraft avionics systems such as real-time weather technology, supersonic avionics, and Open Mission Systems (OMS) Software is also expected to provide an impetus to market growth.

The manufacturing of electronic boards and controls for aircraft require a different type of connectors such as PC card, Flat or ribbon Cable, Circular/Cylindrical, Nano, Micro, or Coaxial. The selection of the right type of connector is crucial in determining the functionality and service life of the component and electrical connection. As aircraft fly under high air pressure, the need for a sturdy and reliable connector becomes more vigilant.

The use of advanced aviation connectors contribute towards robust avionic system performance and assist in achieving higher efficiency. With the growing competition, it has become essential for the aircraft manufacturer to incorporate such latest cutting-edge technology and components, which proves beneficial in driving their sales performance. Moreover, vendors in the aviation connector market space are keenly launching new products and adopting an expansion strategy to strengthen their foothold in the market. For instance, in October 2019, the Angelus Corporation division named PIC Wire and Cable launched MACHFORCE, which is a 10G Ethernet connectors line of product. Therefore, competition among the prevailing and emerging vendors is anticipated to intensify further in the next five years.

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https://www.grandviewresearch.com/industry-analysis/aviation-connectors-market

Further key findings from the report suggest:

The commercial segment accounted for over 56% of the revenue share in 2019
Revenue from the PCB connector segment is expected to reach approximately USD 1.4 billion by 2027 The growth of the segment is attributed to the need for connecting electrical components securely, which facilitates transmission of signal and power between the boards in the aviation system
The North America region is expected to dominate the global aviation connector market by 2027 owing to the presence of a large manufacturing hub for commercial, military, and trainer aircraft
Some of the major players operating in the market are Amphenol Corporation; Bel Fuse Inc.; Carlisle Companies Inc.; Conesys Inc.; Eaton Corporation; Esterline Corporation; Fischer Connectors SA; ITT Corporation; Radiall and CONEC Elektronische Bauelemente GmbH; Rosenberger Group; Smiths Group PLC; and TE Connectivity.

Webcam Market Size Worth $11.60 Billion By 2027

The global webcams market size is expected to reach USD 11.60 billion by 2027, expanding at a CAGR of 8.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Webcams can be connected to laptops and desktops for real-time recording at any given location. Growing need for security and surveillance systems to capture intruders, trespassers, and miscreants in commercial as well as residential premises is expected to drive the product demand over the forecast period.

These devices are widely being deployed in the corporate sector for video conferencing and telecommuting for more accessible communication with counterparts at distant locations. Hence, key market participants are emphasizing on new model launches and technological advancements to cater to the demand for devices with higher recording, streaming, microphone, and zoom quality.

For instance, in December 2019, Logitech launched a 4K Ultra HD webcam for Mac Pro with Right Light 3 technology, enabling automatic adjustment of lightening conditions for better video quality. Moreover, emergence of advanced video cameras with the capability of connecting the entire conference of people to a single user is propelling market growth.

Furthermore, multiple attributes of webcam technology have extended its scope in the healthcare sector to assist the patients suffering from chronic diseases and emergency situations. These devices are highly being utilized for the telehealth consulting services as they provide simplified connectivity between patients and healthcare professionals through video conferencing on mobile devices or laptops.

Owing to the COVID-19 pandemic, governments of the profoundly affected countries have already announced national lockdowns and are mandating the public to maintain social distancing. Webcams are being used for communication and live virtual events due to in-home isolation worldwide for minimizing the social and economic impact of the outbreak. For instance, leaders of the G20 countries held a video conference summit for a discussion on preventive measures to be undertaken to reduce the impact of the current global pandemic.

Furthermore, governments are using Unmanned Aerial Vehicles (UAVs) for surveillance purposes as mobility restrictions are tightening worldwide owing to the COVID-19 pandemic. For instance, the State Police of Western Australia announced the deployment of drones for remotely monitoring recreational sites to ensure if people are following social distancing guidelines. In the light of the current scenario, market demand is expected to boost over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/webcams-market

Further key findings from the report suggest:

By technology, analog webcams accounted for over 60.0% share of the total revenue in 2019
Based on distribution channel, e-commerce is expected to expand at the highest CAGR of 11.9% in terms of revenue from 2020 to 2027
In 2019, North America accounted for the largest revenue share of over 35.0%
Asia Pacific is expected to witness a significant increase in the product demand during the forecast period.

Team Collaboration Software Market Size Worth $24.2 Billion By 2027

The global team collaboration software market size is anticipated to reach USD 24.2 billion by 2027, exhibiting a CAGR of 12.7% over the forecast period, according to a new report by Grand View Research, Inc. A rising trend amongst enterprises to indulge in distributed workforce strategies and embrace the gig economy by teaming up with freelancers is expected to offer significant prospects to the market growth. The need to establish efficient and seamless operations and effective communication between team and project members is expected to offer an impetus to the demand. Furthermore, increasing spending on team chat applications is expected to rise due to the demand for collaboration and communication software among enterprises.

The transportation and logistics segment is expected to benefit significantly due to the adoption of team collaboration software. Adoption of these software in logistics enables companies to effectively manage leads, bookings, document procurement, and facilitate seamless operations in geographically distant places. Furthermore, the rising trend amongst service providers to develop mobile and tablet PC specific collaboration applications to enable the functioning of more seamless business practices in logistics and supply chain organizations in various locations is further expected to offer significant growth opportunities. Deploying such software in the logistics sector enables effective collaboration between fleet maintenance, custom officers at customs, warehouse employees, and fleet drivers, thus ensuring effective management of resources and practicing cost-saving methodologies.

Another factor that has boosted the adoption of team collaboration is the advent of 5G delivery model. Rising demands of clients and increasing remote workforce facilitate the requirement to be connected and be productive, which can be achieved by leveraging 5G technology. The provision of high-speed internet offers the ability to indulge in seamless video conferencing, superior VoIP experience, and faster data processing and transfer rates. Organizations are preparing to introduce 5G by investing in a flexible network, which can adapt to new collaboration and communications tools. The adoption of upgraded software with 5G capability is expected to trigger the market growth over the next few years.

Furthermore, the trend among enterprises to implement open-office floor plans in place of cubicles has given rise to instances of dampened productivity of employees. The need to indulge in a quick impromptu or scheduled meetings is promoting organizations to invest in huddle rooms equipped with team collaboration technologies. Huddle rooms offer privacy to user teams, thus facilitating more focused brainstorming sessions and confidential discussions. Moreover, the low cost and effort of the creation of these rooms enable large enterprises and SMEs to benefit from them, which is expected to offer significant growth prospects to the market.

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https://www.grandviewresearch.com/industry-analysis/team-collaboration-software-market

Further key findings from the study suggest:

The cloud-based deployment segment is expected to witness the highest CAGR of more than 17% from 2020 to 2027, owing to a more connected and efficient infrastructure
The conferencing segment is envisioned to witness the fastest growth owing to rising demand among corporations to facilitate seamless collaboration between remote workforce and on-site employees
Healthcare segment is anticipated to witness growth attributed to the rising need to gain real-time insights on patient health and monitor their health even in the absence of doctors
Team collaboration software is expected to witness an increased demand in Asia Pacific owing to the growing trend towards digitization of enterprises

Europe Industrial Air Filtration Market Size Worth $4.61 Billion By 2027

The Europe industrial air filtration market size is expected to reach USD 4.61 billion by 2027, expanding at a CAGR of 6.5% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Stringent government regulations, intense competition among key players, technological advancements, and the development of cost-effective filtration solutions is expected to positively impact the growth. Furthermore, factors such as increased investments in industrial applications, stricter environmental constraints along with environment awareness are also anticipated to fuel the market growth.

The market is expected to witness significant growth on account of stringent government regulations in the European Union (EU). The market for industrial air filtration in Europe is expected to be primarily driven by the enforcement of occupational health and safety regulations. Favorable government regulations create and drive the demand for products that help limit emissions. The Directive on Integrated Pollution Prevention and Control (IPPC) along with several sectoral directives on large combustions plants set emission limit values (ELVs) designed to deliver reductions in anthropogenic emissions to air from industrial sources. Furthermore, the formulation of EN 779:2011, a European standard for particulate air filters is also expected to fuel the demand over the forecast period. The new standard will help eliminate several issues related to synthetic filters and filter performance.

Financial drivers may also play a key role in incentivizing end users to enhance manufacturing performance and reduce costs. The key requirement of the IPPC Directive is the application of Best Available Techniques (BAT). The main objective of this policy is to stimulate the diffusion of several advanced environmental technologies across diverse industries. This objective is achieved through the BREF process that defines techniques as being BAT and at the same time outlines BAT emission levels for use across the EU.

Surging demand for products that deliver high-performance and improved efficiency, while at the same time reduce energy consumption, is also expected to favorably impact the regional growth over the forecast period. High efficiency is a key requirement for any industrial air filtration system. Additionally, filter media performance is also crucial in any industrial air filtration system, and therefore, manufacturers emphasize on developing more efficient solutions without compromising on other filtration requirements.

The emergence of new raw materials including, small fibers coupled with advancements in the non-woven technology is expected to offer avenues for the market growth over the forecast period. Owing to this, manufacturers are taking R&D initiatives to innovate in the field of nanotechnology and small fibers. However, high cost of materials is expected to hinder the market growth.

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https://www.grandviewresearch.com/industry-analysis/europe-industrial-air-filtration-market

Further key findings from the report suggest:

HEPA filters are projected to expand at a CAGR of over 7.2% over the forecast period. This upsurge is attributed to its technical benefits such as greater machine availability and reliability, maintenance of high initial power output, improved efficiency, increased component life, zero production downtime, and lower emissions
Oil mist collectors are also expected to exhibit significant penetration and growth over the next few years. This can be attributed to increasing applications across the food and beverage and metal processing industry. Their ability to eliminate any air-borne contaminants and improving the food quality as well as safety is also expected to power the segment growth
Food end-use segment is expected to expand at a CAGR of over 8% from 202 to 2027. Stringent sanitary regulations, cross contamination, and/or food handling regulations, are some of the factors expected to favourably impact the growth

Vascular Closure Devices Market Size Worth $1.3 Billion By 2024

Global vascular closure devices market size is anticipated to reach USD 1.3 billion by 2024, according to a new report by Grand View Research, Inc. Growing popularity of femoral artery cardiac catheterization and high success rate of vascular closure device (VCDs) for improved patient comfort and shortening of hemostasis time are potential factors for the projected growth of VCDs market over the forecast period. Adoption of VCDs for diagnostic and therapeutic interventions that facilitate endovascular image-guided interventions to detect coronary heart disease are expected to contribute toward the growth of this market throughout the forecast period.

Male cardiologist gestures while discussing diagnosis with an unrecognizable female patient.

Moreover, ability of VCDs to overcome complications, such as prolonged bed rest and patient discomfort caused by manual compression, is expected to revolutionize the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/vascular-closure-device-vcd-market

Further Key Findings From the Report Suggest:

VCDs offer three types of products, which includes active approximators, passive approximators, and external hemostatic devices. Out of all three, active approximators dominated the market in 2015 as they shorten the time to ambulation and possess high efficiency rate.
Amongst the different end-users of VCDs, acute care facilities accounted for the largest share and are expected to maintain their dominant position over the forecast period. This is attributed to the rising popularity of VCDs in acute care treatment facilities.
Asia Pacific is estimated to witness the fastest growth over the forecast period owing to the presence of unmet demands by the hospitals and rising R&D investment in this region.
Some key players operating in this industry include Cardinal Health; Abbott Laboratories; COOK; Medtronic; W L. Gore & Associates; Boston Scientific Corporation; Biotronik GMBH & CO.KG; TZ Medical, Inc.; C. R. Bard, Inc.; ST. JUDE MEDICAL; Cardiva Medical, Inc.; Merit Medical Systems, Inc.; ESSENTIAL MEDICAL, INC; and Scion BioMedical.
This market is expected to witness lucrative growth owing to high level of competitive rivalry, which translates to high revenue generation in this sector. These prominent players are opting for different strategies to boost their status in this market. Companies are involved in developing novel VCDs and in turn broaden their product portfolios. Acquisition and collaboration with small companies in order to enhance presence is also expected to propel growth in this vertical.
For instance, in October 2015, Cardinal Health acquired Johnson & Johnson’s Cordis business. Cordis is a leader in manufacturing and marketing of cardiology and endovascular devices. This acquisition was intended to expand Cardinal’s VCD product catalog to reinforce its status in the market.
North America dominated the vascular closure device market in 2015, with over 33% of total revenue. The presence of key players in this region, which are primarily involved in marketing and development of innovative VCDs, to facilitate cardiac surgeries can be attributed to the largest share of North America. Demand of products for monitoring of coronary artery disease is also expected to drive growth.

Latin America Magnesium Nitrate Market Worth $113.5 Million By 2026

The Latin America magnesium nitrate market is projected to reach USD 113.5 million by 2026, according to a new report by Grand View Research, Inc. registering a 4.5% CAGR during the forecast period. Growing demand from fertilizers and explosives manufacturing industry is expected to drive market growth over the forecast period.

Magnesium nitrate is used as a catalyst for making explosives as it is a strong oxidizer and enhances the combustion of other substances that are utilized in the production of explosives. In the mining industry, explosives are used to extract the ore and discover ore-bodies. Latin America comprises of some of the largest and profitable mines, which is one of the prominent reasons for the robust growth of the mining industry. One of the largest mines of Latin America, Yonacoda gold mine, is situated in Peru and has been recognized as the second-largest open-pit gold mine in the world

Brazil is one of the fastest emerging economies in Latin America, with the chemical and agriculture sector as the backbone of a growing economy. The ability of magnesium nitrate to function as a stabilizer and preservative is likely to increase its utilization in the chemical industry. In addition, with a total arable land availability of 329 million hectares, the country designated 24.3% of the land to produce perennial crops and 52.1% for pastures.

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https://www.grandviewresearch.com/industry-analysis/latin-america-magnesium-nitrate-market

Further key findings from the report suggest:

The additive segment accounted for the largest market share of 64.0 %, in terms of volume, in 2018 owing to the increase in consumption of fertilizers in agriculture sectors
Nitric acid application is expected to grow at a CAGR of 3.7% from 2019 to 2026 owing to rising demand in the production of explosives and fertilizers
Chile is the fastest growing country with a CAGR of 4.6%, in terms of volume, on account of increased mining activities in the region, particularly due to the government regulations encouraging controlled mining in order to boost economy
Mexico dominated the Latin America magnesium nitrate market with a volume share of 21.1% in 2018 due to growth in consumption of synthetic fertilizers and flourishing mining sector
Some of the key industry participants are Avantor Performance Materials, Haifa Mexico, Sigma Aldrich, American Elements, Van Iperen International, Yara International, Neochim PLC, AKO Kasei Co. Ltd., and Rongyu Chemical Co. Ltd.

CSA Food Safety Testing Market Size Worth $1.36 Billion By 2025

The Central & South America food safety testing market size is expected to reach USD 1.36 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.7% during the forecast period. Increasing food safety concerns due to consumer preference for processed and packaged eatables are expected to contribute to the market growth in the region. Moreover, rising demand for exotic vegetables and fruits, premium coffee, and imported products continue to contribute to safety concerns. This is projected to augment the market growth.

Changing lifestyle and increased per capita income have resulted in high demand for packaged and ready-to-eat products, which is also likely to boost market growth. Manufacturers are taking increasing efforts to ensure food safety owing to economic losses caused by foodborne diseases. Foodborne disease outbreak is a major cause of diarrheal diseases and poses a significant threat in the majority of the Central & South American countries. Such diseases cause severe and long-lasting damages including ulceration, meningitis, chronic diseases affecting articular and respiratory system. This is expected to have a positive impact on the market expansion. In addition, rising awareness levels among consumers regarding safety will also contribute to the market development in the years to come.

Furthermore, regional governments have launched initiatives, such as Good Farming Practice (GFP) and Good Manufacturing Practice (GMP) to ensure safety. Safety testing service providers have their own laboratories that offer various services including microbiological, allergen, Genetically Modified Organisms (GMO), nutritional analysis, and residue and contamination testing. In addition, vegetables and fruits producers perform routine tests by using test kits to check their products for any contamination. Meat, poultry, and seafood is the largest application segment, followed by processed eatables. Increased exports of cocoa from tropical countries and quinoa from Bolivia is estimated to boost the market growth.

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https://www.grandviewresearch.com/industry-analysis/central-south-america-food-safety-testing-market

Further key findings from the study suggest:

Microbiological testing segment accounted for 43.1% of the total revenue share in 2017 as this testing focuses on the detection and enumeration of microorganisms using biological, biochemical, molecular, or chemical methods
GMO testing segment is projected to expand at a CAGR of 5.8% during the forecast years due to strict regulations regarding the cultivation of GMO seeds and rising instances of illegal GMO crops cultivation in the region
Meat, poultry, and seafood end-use segment accounted for a significant share of the market in 2017 as these products require testing on a regular basis for their microbiological quality as well as for the presence of chemical constituents
Market in Peru is expected to register a strong CAGR owing to rise in disease outbreaks in the country along with increased government regulations to ensure food safety
The market is highly concentrated with a few number of companies accounting for large market share along with the presence of numerous small-scale firms providing specialized services to food sector across the value chain

Collagen Market Size Worth $7.5 Billion By 2027

The global collagen market size is expected to reach USD 7.5 billion by 2027, expanding at a revenue-based CAGR of 6.4%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to high demand for collagen in cosmetic surgeries and wound healing treatments. Increasing consumer spending capacities coupled with the popularity of skin surgeries has propelled product demand across the world.

Bovine, porcine, poultry, and marine are the four main sources required for manufacturing collagen. Collagen from bovine source accounts for a substantial share of 35% as of 2019, as opposed to other sources, on account of the abundance of bovine sources and relatively lower price as compared to marine and porcine sources. Marine is superior to that of bovine or porcine sources, owing to its high absorption rate and bioavailability. However, the product obtained from marine costs relatively higher than from bovine and porcine, which is expected to restrain the growth of the segment.

The gelatin segment dominated the market in 2019 owing to the substantial demand for the product as a food stabilizer. The growth of fishing industry in India and China has attracted gelatin manufacturers in the Asia Pacific to use fish as a raw material for gelatin production. The market for hydrolyzed collagen is also anticipated to register the fastest growth over the forecast period, backed by its increasing use in the healthcare sector for tissue repair and dental applications. Increasing efforts by the companies for using hydrolyzed collagen in the treatment of bone related disorders, such as osteoarthritis have favored the growth of the segment.

The key applications for the product include food and beverages, healthcare, and cosmetics. Healthcare emerged as the largest application segment of the industry in 2019 and is forecasted to retain its dominant position over the forecast period. The food and beverage industry is expected to be a major contributor to the demand for gelatin and hydrolyzed collagen, as the product is an essential protein for the human body and has multiple nutritional, skin, and health benefits.

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https://www.grandviewresearch.com/industry-analysis/collagen-market

Further key findings from the report suggest:

The collagen market size is anticipated to reach USD 7.5 billion by 2027, at a revenue-based CAGR of 6.4% from 2020 to 2027
In terms of revenue, the marine source segment is projected to ascend at a CAGR of 7.3% over the forecast period
In terms of volume, cosmetic surgery and wound healing emerged as the largest healthcare application segment in 2019, owing to its ability to treat chronic wounds as they inhibit the action of metalloproteinase
Asia Pacific is projected to witness a remarkable growth rate of 6.6% in terms of volume, in the near future, owing to the increasing consumption of healthcare and cosmetic products in the region
Some of the key players operating in the industry include Koninklijke DSM N.V.; Collagen Matrix; CONNOILS LLC; Rousselot BV; and Advanced BioMatrix, Inc.