Fuel Filler Caps Market Benefits from Growth of Automotive Industry

The global fuel filler caps market is mainly driven by the growth of the automotive industry. A business intelligence publication by Transparency Market Research (TMR) points out various factors that could impact the growth of the fuel filler caps market over the 2017-2025 forecast timeframe. The report is titled “Fuel Filler Caps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

The growth of the automotive industry is primarily driving the fuel filler caps market. Cars, buses, trucks, and heavy commercial vehicles use fuel filler caps to prevent leakage of fuel. The defense sector stokes heavy demand for fuel filler caps for defense tanks and other vehicles to prevent fuel leakage that can lead to accidents. 

The fuel filler caps market could be segmented on the basis of raw material, type, end-user, and region. By raw material, the fuel filler caps market could be segmented into aluminum, polyethylene, stainless steel, polypropylene, and others. On the basis of type, the market could be divided into plastic, metal, and others. In terms of end-user, the fuel filler caps market could be classified into automotive, commercial and regional aviation industry, petroleum, chemical, and defense.

By geography, the fuel filler caps market could be divided into the key regions of North America, Latin America, Asia Pacific excluding Japan (APEJ), the Middle East and Africa, Western Europe, and Eastern Europe. Europe is the leading market for fuel filler caps as the region is home to some well-established automobile companies. North America stands as a significant market for fuel filler caps. This is because the region is a leading exporter of defense tanks and military vehicles.

Key companies operating in the global fuel filler caps market include Newton Equipment Ltd., Wisco Products, W.W. Grainger Inc., Demon Tweeks, Think Automotive Ltd., HOLMWOOD HIGHGATE, Partners Industrial Co. Ltd., Magna International Inc., MOTORSPORT CONNECTIONS PTY LTD, Anglo Parts, and Autocaps Aust Pty Ltd.

Aerospace and Life Science Testing Certification Market: Concerns about Aircraft Health Promotes Demand

A recent report by Transparency Market Research, titled, “Aerospace & Life Science Testing Certification Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2023,” finds that testing certification has emerged as an important part of the service industry. This is because testing and certification enable manufacturers improve quality by following certain standards set by the government or standardization institutions. This, in turn, go a long way in assuring end users that all rules and regulations have been adhered to in the production process. 

Depending upon application, our report broadly splits the market for aerospace and life science testing into aerospace and life science. It further divides the segment of aerospace into airframes, avionics, rotor systems, lightning, and passenger service unit. Similarly, it further divides the life science market into pharmaceutical, environment, personal care, food and agriculture.

Majorly fuelling the global market for aerospace and life science testing certification are the increasing number of stringent regulations pertaining to the aircraft’s health. This has been warranted by the alarming increase in air crashes in the recent past. Testing and certification help avoid such untoward incidents by detecting faults in the testing phase; certification is awarded only after the aircraft passes all certification tests.

Those are some of the growth drivers and restraints molding the trajectory of the market for aerospace and life science. But which regions can prove to be an excellent bet for players? Well, Asia Pacific on account of the plethora of rules and regulations is one of them. A solid awareness among end-users about the benefits of such a thorough testing procedure is also benefitting the market in the region. 

Some of the prominent players operating in the global market for aerospace and life science testing certification are Bureau Veritas, BSI Group, Dekra Certification GmbH, Dayton T. Brown Inc., ALS Global, ASTM International, Exova, Eurofins Scientific, and Intertek Group PLC among others.

Smartphone Sensors Market: Fast 4G Network Penetration around the Globe Responsible for Better Revenue

We all know how much importance smartphones have in our lives, and hence Transparency Market Research has compiled a detailed report revolving around a crucial component of these devices, viz. the smartphone biometric sensors. The report titled, “Smartphone Biometric Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” extensively covers key market drivers, restraints, geographical spread, leading segments, and several other factors.

Rising demand of wearable and smart devices is a prime factor providing an impetus to the global smartphone biometric market. Never-ending product innovations owing to tremendous technological development is also responsible for gradually bolstering the market. These days, 4G data networks are available in almost every developed as well as developing economy, which has led to increase in sales of newer varieties of smartphones. And this has ultimately proved beneficial to the global smartphone biometric sensors market. Biometric sensors play a crucial role in protecting sensitive information stored in smartphones, as well as in enabling mobile payment processes. In this way, the demand for smooth transactions as well as personal data security are both important growth propellants for the smartphone biometric sensors market.

Based on the region, the global smartphone biometric sensors market could showcase its prominence in geographical regions like North America, Asia Pacific, Europe, and Rest of the World. Of all these regions, Asia Pacific could rake in maximum revenue. Such a growth, as per our research analysts, is due to rapid rise in utilization of fingerprint biometric systems in countries such as India and China.

Based on our work, the global smartphone sensors market could depict a tough yet healthy competitive landscape, which comprises not just international but local players too. LG Innotek, Mobbeel, M2SYS, BioEnable Technologies, Apple, Fujitsu, ImageWare Systems, and several others are some of the key players in the global smartphone sensors market.

Site Specific Action and Instant Pain Relief Making Topical Pain Management Therapeutics Popular in Sports Medicine

In order to relieve acute musculoskeletal pain, strains, or any general sprain topical pain management therapeutics are used which involve where is the classes such as anaesthetics, analgesics, and skeletal muscle relaxants. With topical pain relievers becoming increasingly popular among sportspersons for their cost effectiveness, site specific action, availability, and instant pain relief, the global topical pain management therapeutics sports medicine market is slated to grow at a healthy pace in the next few years. According to the latest research report by transparency market research TMR, the global topical pain management Therapeutics in sports medicine market which was worth US$1.4 bn in 2016 to be worth US$2.97 bn by the end of 2025, expanding at a CAGR of 8.9% from 2017 to 2018. 

The following blog post answers important questions regarding the global topical pain management therapeutics in sports medicine market by TMR analysts:

Q. What are the factors which are expected to drive the global topical pain management therapeutics in sports medicine market?

One of the key factors helping this Market to grow is the emergence of online platform for topical therapeutics. The improvement in the distribution of the pain relief therapeutics in emerging nations is also behind the growth of this market. In addition to this, the growing demand for reasonably priced instant pain relief therapeutics by both national as well as international sports players will bolster the growth of the global topical pain management therapeutics in sports medicine market. The introduction of novel pipeline product is anticipated to drive the growth prospects of the global topical pain management therapeutics and sports medicine market. 

Q. What are the factors responsible for restricting the growth of the topical pain management therapeutics in sports medicine market from reaching its fullest potential?

The most important factor which is restricting the growth of this market is the unavailability of speciality products in emerging economies. The high cost of medicine would also restrict the market's growth to a certain extent. In addition to this, a lack of awareness regarding pain management therapeutics in developing nations will hamper the growth of the global topical pain management therapeutics in sports medicine market. The rising preference among patients for using pain management devices in order to treat injuries caused while playing some sport is posing a threat to the growth of the topical pain management therapeutics in sports medicine market. 

Q. Which region is anticipated to offer promising growth prospects in the next few years within the market? 

On the basis of geography, the highest revenue generator is North America followed by Europe. At the forefront of the European market for topical pain management therapeutics in sports medicine is Germany and the UK as these countries exhibit higher adoption rates for the therapeutics as compared to any other country on account of the rising number of sports injuries. The approval of novel products from the US FDA is expected to bolster the growth of the North American market for topical pain management therapeutics and sports medicine. The rising participation in sports among the people coupled with developed and advanced healthcare infrastructure are two important factors boosting the growth of the topical pain management therapeutics in sports medicine market in these two regions. Apart from these two regions, this market will also see a rapid growth in Asia Pacific. The growth of the Asia Pacific topical pain management therapeutics in sports medicine market is attributed to rising efforts taken by governments to motivate youngsters for participating in various sports activities. Developed nations in Asia Pacific such as Japan and Australia are also showing favourable signs for growth in this market. Rising participation in sports activities fuelled by government initiatives especially in countries such as India and China are expected to bolster the growth of the topical pain management therapeutics in sports medicine market in Asia Pacific.

Development of Low-power and High-Performing Industrial Lasers Gaining Traction

The use of laser technology in various industries is gaining popularity in major application areas such as marking, drilling, cutting, welding materials. Industrial lasers are increasing being used in processing manufacturing materials in a number of verticals, including aeronautics and marine, construction, automotive, electronics, and food and textile. The demand for industrial lasers rides on the back of the need for cutting manufacturing materials, with precision and accuracy in these industry verticals. 

The development of advanced sensor technology has increased the performance of industrial lasers, has enhanced its reliability in metalworking operations, and boosted its flexibility. Among all types of lasers, fiber lasers have added a new dimension to laser cutting operations as they are typically equipped with nanosensors and calls for a low maintenance. 
The rising number of welding and heating operations in the automotive and electronics manufacturing is spurring the demand for laser technology. The demand is also expected to get a sustained push from the need for precise cutting technology for aluminum and steel sheets. The advent of less-power intensive industrial lasers bodes well for the overall market. Witnessing a bright future ahead, the global industrial laser market is projected to expand at a CAGR of 4.6% from 2017 to 2026, estimates Transparency Market Research. 

Which industry verticals are likely to provide lucrative prospects in the industrial laser market?

The key industry verticals where industrial lasers are used comprise defense, medical, aeronautics and marine, automotive, construction, electronics, utility, and food and textile. Among these, the oil and gas and medical industries are anticipated to witness strikingly attractive demand for industrial lasers. Stringent regulation to contain emissions in oil and gas exploration and production activities in several parts of the globe is a noteworthy factor likely to bolster the uptake. The substantially rising demand for sensing technology in a variety of medical devices also puts the demand for industrial lasers at the forefront. 

The extensive use of LIDAR sensors and GPS receivers in automotive, manufacturing, and aerospace sectors is also driving the demand for industrial lasers. These industries are also expected to provide vast promising prospects to manufacturers of industrial lasers. Meanwhile, the consumer electronics industry is expected to witness a robust demand for industrial lasers over the forecast period. The end-use vertical is expected to rise at a prominent pace over the assessment period. 

Which technology or product type of industrial lasers is estimated to witness extensive adoption?

The key product types of industrial lasers are CO2 lasers, fiber lasers, and solid state lasers. Of these, there is widespread demand for fiber lasers in various industrial verticals. The popularity of this technology in the market can be accounted to several benefits. The high performance parameters such as fast operational speed and the low cost of maintenance add to the attractive demand for fiber lasers. Add to this, the flexibility of automation features which seeks to increase the convenience of machine operations. These factors account for a burgeoning demand for fiber lasers in process manufacturing applications in the automotive industry for welding airbag initiators and diesel injectors.  

In recent years, the market is witnessing attractive demand for compact and easy to use industrial laser and has therefor witnessed technologically-advanced product launches. Laser Photonics, a prominent developer of next generation industrial lasers, has in January, 2018 launched the first fully integrated, industrial-grade fiber lasers, the Titan FXi, for cutting operations. The fiber lasers is characterized by low cost of operation and less consumption of power.  Such developments bode well for the market and is expected raise the ante in the industrial laser market in the coming years. 

Yacht Charter Market Benefits from Increased Convergence of Web-based Yacht Charter Applications in Yacht Chartering Business

Yacht chartering - the act of renting yachts for corporate or recreational purposes - has emerged as a highly lucrative business in the past few years. Owing to the fact that the maintenance of yachts incurs vast expenses and yachts are used only occasionally by their owners, the provision of yacht chartering gives yacht owners a convenient and sure-shot way of recovering the equally vast maintenance costs of yachts. In the past few years, factors such as the rising population of affluent people across the globe, the rising popularity of yacht vacations amongst young people, and the ease of booking yachts owing to the vast development of the online booking platforms have collectively propelled the global yacht charter market.

A recent report by Transparency Market Research estimates that the global yacht charter market will register a 7.2% CAGR over the period between 2017 and 2025. If the estimate holds true, the market could rise from a valuation of US$8.123 bn in 2016 to US$14.987 bn by 2025. In terms of volume, the market is slated to rise to 7,684 units by the end of 2025.

In this article, TMR analysts highlight some of the key trends being observed in the global yacht charter market:

What are the key growth opportunities in the market?

The ease of booking of yacht chartering services can be attributed to the vast developments in the area of web-based yacht chartering applications in the past few years. These developments have made it easy for yacht chartering businesses to be more visible and accessible to the consumer. Owing to these applications, customers can now easily search for yacht chartering services on the web, look up for suitable options, and make the required bookings within minutes. This factor is expected to develop significant growth avenues for the global yacht charter market over the next few years. Some of the key trends observed in the market in the past few years include the rising inclination towards booking large yachts that can accommodate big groups; booking yachts with the help of web-portals; and rising partnerships among yacht charter mediators with travel (air or land) booking service providers.

The market could also benefit from the vast rise in popularity of promotional events among sellers, buyers, and boat lovers, and a significant rise in boat shows across the globe. This could provide a promising growth opportunity for yacht charter companies as well as yacht manufacturers to market their products and services to the potential consumers directly. The increased demand for luxurious yachts with lavish interiors is also a promising growth opportunity for companies operating in the yacht charter market.

How are growth opportunities distributed from a geographical standpoint?

From a geographical standpoint, the global yacht charter market earns a significant share in its revenue from countries in the Mediterranean and Caribbean regions. In 2016, the market in Europe dominated, accounting for a significant share in global revenue. However, the market is expected to expand at the most promising pace in the Asia Pacific regional market over the next few years. Demand for yacht charter services in Asia Pacific will be driven by the affluent middle class population, to which exotic vacations and parties have become affordable on account of the high disposable incomes. The market will also witness significant growth in Europe as the demand for leisure activities has again increased owing to the post-recession stability in the region’s economy.

Application to Person SMS Market: Increasing Number of Applications to Bolster Market Growth

The international market for application-to-person (A2P) SMS comes with a mostly fragmented vendor landscape. There is no clear leading market player that accounts for a sizeable share of the market in terms of global revenue, as noted by Transparency Market Research in its recent market intelligence report. The level of competition is intense in the market for application to person SMS and absence of differentiation amongst various product offerings and the presence of several market players in the world market can be attributed for intensity of competition. Silverstreet BV, Fortytwo Telecom AB, AMD Telecom SA, and Syniverse Technologies LLC are a few of the eminent market players that adorn the global market for application to person SMS.

According to the published market research report, the world market for application to person SMS exhibited a market revenue valuation of around US$ 62.01 bn in the year 2017 and is forecasted to reach an amount of US$ 86.53 bn by the year 2025, rising at a growth rate of 4.2% CAGR from the time period that extends from the year 2017 to the year 2025. The volume of the world market for application to person SMS market stood at around 1,717 bn in the year 2017 and the same is forecasted to increase to a quantity of around 2,353 bn by the year 2025, rising at a growth rate of CAGR of 4.2% from the year 2017 to 2025. 

What could be the Growth Trajectories for the Market?

The international market for application to person SMS is forecasted to be encouraged by various growth promoting elements like the soaring number of mobile subscribers across the globe, increase in activities of mobile marketing by developers and marketers of application. Proliferation of application to person SMS services in mobile health, mobile payment across many different sectors, and mobile banking are also fuelling the market growth. Many factors like widespread availability of low-cost smart phones together with phenomenal penetration of internet, flourishing industry of industry of e-commerce, rise in services that are cloud/web enabled such as mobile banking and mobile payments are also forecasted to promote growth of the market for application to person SMSs over the period of forecast.

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A wide array of applications makes use of application to person SMSs currently and as such this wide usage is fuelling its demand. Utilization like updation about opportunities that are location-based, brand promotion, campaign perks, breaking news, and various promotional campaigns are attributed with the growth of the market. Broadcasting transactional messages make use of application to person SMS services widely and the same is used by numerous industries such as banking, entertainment, tourism, media and healthcare, retail, financial services, and marketing. As such with increasing set of applications pertaining to these services the need for application to person SMSs is also forecasted to bolster. 

However, there is a flipside of the market too. Certain growth restraining elements such as technical anomalies that are associated with phishing and spam messages, the concept of bulk SMS, illicit routes that affect revenues of the operators of telecom and all these are estimated to restrain growth of the said market.

Which Geographical Segments would Retain Its Lead in the Industry?

From the regional point of view, in the present market scenario, Asia Pacific and North America respectively held two leading spots in the world market. The regional dominance of Asia Pacific is owing to large base of human population and phenomenal increase in the number of subscription of mobile. The flourishing market for E-commerce and BFSI are also forecasted to the propel the said market in Asia Pacific.

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