#Europe Aerospace and Defense Market Share

[mordormr]

The Future of Europe’s Defense Industry: Emerging Technologies and Strategic Investments

Market Overview: The Future of Europe’s Defense Industry – Emerging Technologies and Strategic Investments

The Europe Aerospace and Defense Market is projected to be valued at USD 173.97 billion in 2024 and is anticipated to grow to USD 223.48 billion by 2029, with a compound annual growth rate (CAGR) of 5.14% during the forecast period (2024-2029).

The European defense industry is at a pivotal point, driven by a combination of technological advancements, increased defense budgets, and evolving geopolitical dynamics. According to Mordor Intelligence, the future of the Europe defense market will be shaped by the adoption of emerging technologies, strategic investments, and greater collaboration among European nations to enhance military capabilities.

Key Trends and Drivers:

Technological Advancements: The defense industry in Europe is increasingly focused on incorporating cutting-edge technologies such as artificial intelligence (AI), robotics, autonomous systems, and cyber defense capabilities. These technologies are vital in ensuring that European defense forces remain competitive and capable of responding to modern threats like cyberattacks, terrorism, and hybrid warfare.

Rising Defense Budgets: Many European countries are increasing their defense expenditures, driven by concerns over regional security threats, rising global tensions, and pressure from NATO allies. Nations like Germany, France, and the United Kingdom have committed to boosting defense budgets to modernize their forces and contribute to collective security measures. This increased funding has enabled larger investments in advanced defense technologies and modernization programs.

Defense Modernization and Strategic Investments: European defense forces are modernizing their air, land, and naval capabilities. Key projects include next-generation fighter aircraft (such as the Future Combat Air System – FCAS), advanced missile defense systems, and naval vessels equipped with cutting-edge technology. The European Union and its member states are investing heavily in defense research and development (R&D) through programs like the European Defense Fund (EDF), which aims to boost the region’s defense innovation and technology base.

Geopolitical and Security Concerns: The defense market in Europe is being shaped by growing concerns about Russia’s activities, the resurgence of threats from non-state actors, and tensions in the Middle East and North Africa. In response, European countries are working on closer defense cooperation and joint procurement programs to ensure collective security and operational readiness in the face of these challenges.

Sustainability in Defense: An emerging trend in the European defense industry is the push towards sustainability, with increased focus on green technologies and energy efficiency in military operations. The integration of renewable energy in military systems, such as solar-powered drones and electric combat vehicles, is becoming a key focus for defense companies and governments aiming to reduce carbon footprints.

Key Market Segments:

Aerospace & Defense Electronics: The future of aerospace electronics in Europe revolves around advanced avionics, radar systems, satellite communications, and sensor technologies that enhance situational awareness and precision in combat and defense operations.

Autonomous Systems and Unmanned Vehicles: Europe is making significant strides in developing unmanned aerial vehicles (UAVs), autonomous land vehicles, and naval drones. These systems are designed for intelligence, surveillance, reconnaissance (ISR), and combat missions, which reduce the risk to human personnel.

Cybersecurity: As modern warfare increasingly shifts to the digital domain, European nations are investing in cybersecurity to protect critical infrastructure and military networks from cyberattacks. Robust cyber defense capabilities are essential in countering espionage, cyberterrorism, and state-sponsored cyber threats.

Space Defense Capabilities: The European Space Agency (ESA) and defense agencies across Europe are working to enhance space-based defense assets, including satellite systems for communication, surveillance, and missile defense. Space is now recognized as a key operational domain, with investments being made to strengthen Europe’s space defense capabilities.

Strategic Collaborations:

To build a stronger, unified defense force, European countries are forming alliances and collaborating on defense projects. Major initiatives such as the Permanent Structured Cooperation (PESCO) and joint ventures like the FCAS program between France, Germany, and Spain highlight the region’s focus on collaborative defense R&D, procurement, and operational coordination.

Competitive Landscape:

European defense giants such as Airbus, BAE Systems, Leonardo, and Thales Group are leading the charge in developing next-generation defense technologies. These companies are heavily investing in R&D and forming partnerships to develop advanced aerospace, naval, and land systems. Additionally, smaller defense tech companies and startups are entering the market, bringing innovative solutions in AI, cybersecurity, and unmanned systems.

Conclusion:

A shift towards advanced technologies, increased defense spending, and collaborative defense programs will characterize the future of Europe’s defense industry. The combination of geopolitical challenges and the rise of new security threats will drive Europe’s defense modernization efforts. Strategic investments in R&D and emerging technologies will play a crucial role in shaping the competitiveness and operational effectiveness of Europe’s defense forces over the next decade.

The region’s defense market will continue to evolve, with strong government and private sector initiatives to address future challenges and capitalise on the latest technological innovations. Europe’s defense industry is poised for robust growth, positioning itself as a global leader in defense technologies and military capabilities.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/europe-aerospace-and-defense-market

[usafphantom2]

Turkish defense company tests high-tech EFSA radar that improves the country's combat aircraft

MURAD AESA radar of the Turkish ASELSAN completes inaugural flight with F-16 OZGUR warplane

Fernando Valduga By Fernando Valduga 03/28/2024 - 09:00 in Military

Turkey recently tested the nationally developed AESA radar, ASELSAN's MURAD, which recently conducted its first flight with an F-16 ÖZGÜR warplane.

“ASELSAN's AESA National Aircraft Nose Radar made its first flight with the F-16 ÖZGÜR platform. It will provide great capacity gains to our aircraft with simultaneous air-to-air and air-to-ground missions, detection/tracking of multiple targets, missile orientation beyond visual range, high-resolution ground images and electronic warfare functions,” the company confirmed in a social media post.

— ASELSAN (@aselsan) March 26, 2024

This demonstration provided data for additional testing and development of the radar system.

Future plans for MURAD include continuous testing and integration on various platforms, such as Bayraktar AKINCI TIHA, as well as other aerial platforms such as KIZILELMA, KAAN, HÜRJET, ANKA III, AKINCI and F-16.

According to the President of the Presidential Defense Industry, Prof. Haluk GÖRGÜN, the integration of the AESA radar will align the F-16 ÖZGÜR with the standards of generation 4.5 aircraft. In addition, radar integration could improve the capabilities of other platforms such as KAAN and combat UAVs, providing them with additional functionality and low visibility features.

Aselsan CEO Ahmet Akyol highlighted the versatility of AESA technology, emphasizing its application in various domains, including air, land and sea.

He noted that the internal development of Aselsan's EASA radar systems allows Turkey to maintain full control over technology and data, ensuring the highest level of security and capabilities.

The size of the global market for the combat aircraft equipped with AESA radar is estimated at $5 billion annually, with ongoing export negotiations positioning Aselsan radars as key actors in the global aerospace market.

The ÖZGÜR Project aims to modernize F-16 Block 30 warplanes with domestic avionics and software, including the AESA National Radar. This initiative is expected to align the capabilities of the F-16 ÖZGÜR aircraft with those of the F-16 Block 70 fighters, ensuring uniformity and effectiveness throughout the fleet.

The main functions and capabilities of the EFSA National Radar include long-range search, multiple target tracking, detection and tracking of terrestrial targets, weather detection, automatic target detection and electronic attack.

Tags: ASELSANMilitary AviationF-16 Fighting FalconAESA radarsTAF - Turkish Air Force / Turkish Air Force

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Fernando Valduga

Fernando Valduga

Aviation photographer and pilot since 1992, he has participated in several events and air operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. He has works published in specialized aviation magazines in Brazil and abroad. He uses Canon equipment during his photographic work in the world of aviation.

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[mariacallous]

US Plans 200% Tariff on Russia Aluminum as Soon as This Week

The US is preparing to slap a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears, according to people familiar with the situation. 

President Joe Biden has yet to give the official go-ahead, and there have been concerns in the administration about collateral damage on US industries, including aerospace and automobiles, said the people, who asked not to be identified discussing internal deliberations. 

The move, which has been contemplated for months, is also aimed at Russia, the world’s second-largest aluminum producer, because Moscow has been dumping supplies on the US market and harming American companies. The timing of the decision could slip past this week, one of the people said. 

The White House National Security Council didn’t immediately respond to requests for comment.

The escalation of pressure on Moscow comes after Washington unleashed unprecedented levels of sanctions to punish and isolate President Vladimir Putin’s government, including freezing its central bank assets globally, targeting its banking, technology and defense sectors and sanctioning individuals linked to Putin.

The move against aluminum also continues efforts by the US and European Union to blunt Russia’s role as global commodities powerhouse. The EU has banned imports of Russian oil, gas and fuels in an attempt to cut its reliance on Moscow. The impact of that move, however, has been mitigated by a redrawing of the global oil trade map, with most crude supplies going now to China and India at lower prices.

There’s no indication so far that the EU is planning a similar move on Russian aluminum. 

US Market

Russia, the world’s largest aluminum producer after China, has been a significant source of material for the US market. Most of it is value-added items, rather than in bulk product, with US buyers ranging from building and construction to automotive.

Such a steep tariff would effectively end US imports of the metal from Russia. While the country has traditionally accounted for 10% of total US aluminum imports, the amount has dropped to just more than 3%, according to US trade data.

The tariff option would be less severe than actions considered last year by the administration, including an outright ban or sanctions on Russia’s sole producer of the metal, United Co. Rusal International PJSC. Such a move risked wider market disruptions, by making Russian supplies essentially toxic for buyers globally. 

Rusal shares in Moscow were trading down as much as 3% on Monday after the news. The company declined to comment.

As the White House has weighed action on Russian aluminum, buyers in the US had been discussing the potential of alternate supply in the event of a ban, tariff or sanction. Industry participants in recent months have also tried to game plan where Russian metal would go if it was suddenly blocked out of the US market, as well as Europe, with many speculating that it could be transshipped via China or other countries and reexported, obscuring its origins.

Industry Support

Aluminum prices dropped about 15% last year amid worries of a slowing global economy and the ongoing pandemic lockdowns in China, the world’s largest consumer. 

Aluminum futures traded on the London Metal Exchange on Monday briefly erased gains and rose as much as 0.6% on news of the tariffs, before declining 1.7% to $2,526.50 a metric ton as of 3:25 p.m. London time.

The Aluminum Association, a trade group that represents the industry in the US, said in a statement Monday that “the aluminum industry stands in support of any and all efforts deemed necessary by the US government and its NATO allies” to address Russia’s invasion. “This is a global security and humanitarian disaster that goes far beyond the interests of any single industry.”

US imports of Russian aluminum had dropped to near zero in October as the administration weighed a ban, worrying domestic buyers who didn’t want to be stuck with the material. Imports rebounded to 11,600 tons in November before easing back to 9,700 tons in January.

[industrynewsupdates]

Quantum Computing Market Forecast: Growth, Opportunities, and Emerging Trends

The global quantum computing market size is anticipated to reach USD 4.24 billion by 2030, registering a CAGR of 20.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. 

Quantum computing is an emerging field with the potential to revolutionize various industries and computing paradigms. While the market for quantum computing is dynamic and subject to rapid changes, several global growth trends have been shaping up its dynamics.

Investments from governments, tech giants, and venture capitalists in quantum research and development are crucial for the advancement of quantum technology. These investments support research efforts, enable the development of cutting-edge hardware and software, and drive innovation across various industries. Quantum technology is highly complex and requires significant resources for research and development. These investments help accelerate progress by providing funding for experimental work, the recruitment of top talent, and access to advanced research facilities. For instance, in November 2023, the U.S. Defense Advanced Research Projects Agency (DARPA) awarded Phase 2 funding to Rigetti Computing. This potential grant, amounting to USD 1.5 million, is intended to support Rigetti Computing in developing benchmarks for assessing the performance of large-scale quantum computers in real-world applications.

Gather more insights about the market drivers, restrains and growth of the Quantum Computing Market

Quantum Computing Market Report Highlights

• Based on offering, the system segment dominated the market with a revenue share of over 64.2% in 2023. The service segment, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to the increasing number of startups investing in R&D related to quantum computing technology.

• Based on deployment, the cloud segment is projected to account for a larger market share than the on-premises segment from 2024 to 2030

• Based on application, the optimization segment held the largest revenue share of 30.8% in 2023. By leveraging the power and speed of quantum computing, an organization can optimize their operation, improve its decision-making, and reduce costs.

• Europe dominated the market with a revenue share of 34.2% in 2023. The region witnessed the emergence of several startup and spinoff companies focused on companies focused on quantum computing

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global AI agents market size was valued at USD 3.86 billion in 2023 and is expected to grow at a CAGR of 45.1% from 2024 to 2030.

• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030. 

Quantum Computing Market Segmentation

Grand View Research has segmented the global quantum computing market based on offering, deployment, application, end-user, and region:

Quantum Computing Offering Outlook (Revenue, USD Million, 2017 - 2030)

• System

• Services

Quantum Computing Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premises

• Cloud

Quantum Computing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Optimization

• Simulation

• Machine Learning

• Others

Quantum Computing End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Aerospace & Defense

• BFSI

• Healthcare

• Automotive

• Energy & Power

• Chemical

• Government

• Others

Quantum Computing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East & Africa

o KSA

o UAE

o South Africa

Order a free sample PDF of the Quantum Computing Market Intelligence Study, published by Grand View Research.

[industryforecastnews]

Metal Shim Market Size, Share And Trends Report, 2030

Metal Shim Market Growth & Trends

The global metal shim market size is expected to reach USD 232.9 million by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 4.3% over forecast period. Growth in construction, automotive, and aerospace industries are the major growth drivers for the market, where metal shim finds application in alignment and adjustment of critical components.

Based on material, the market is segmented into aluminum, stainless steel, copper, brass, plastic, and others. The usage of copper for developing metal shims is experiencing notable growth worldwide owing to its unique properties that cater to a wide range of industrial applications. Copper is renowned for its excellent electrical and thermal conductivity, as well as corrosion resistance that make it a popular material for developing shims used in industries wherein these properties are critical.

Based on product, the shim stock/sheet segment accounted for the largest revenue share, in 2023 of the global market. Shim stocks act as cost-effective solutions for adjusting gaps, compensating for wear or tolerances, and ensuring proper alignment of components of different types of machinery, equipment, and structural assemblies. Their ability to accommodate fine increments of adjustment helps optimize operational performance, reduce vibration, and extend the service life of critical components in industries such as automotive, aerospace, and construction.

Based on application, the demand for shims in aerospace and defense is driven by advancing aerospace technology, such as the development of next-generation aircraft and spacecraft platforms. These platforms require highly sophisticated engineering solutions to support advanced propulsion systems, avionics integration, and mission-critical functionalities.

Asia Pacific held the largest revenue share of the overall market in 2023 owing to substantial investments in renewable energy and electric vehicle infrastructure, advancements in battery manufacturing technologies, and supportive government policies promoting clean energy. The region's significant demand for consumer electronics and the presence of major battery manufacturers have also contributed to this dominant market position.

The global metal shim market is characterized as considerably competitive due to the presence of regional and multinational players that compete to increase their market share. The key players in the market are investing in product innovations. They are also enhancing their manufacturing capabilities through expansion.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/metal-shim-market-report

Metal Shim Market Report Highlights

Based on material, aluminum is expected to register a CAGR of 4.8% over the forecast period. The growth is attributed to growing demand for development of thin yet sturdy shims

Based on product, aluminum is expected to register a CAGR of 4.8% over the forecast period. The growth is attributed to growing demand for development of thin yet sturdy shims

Based on application, automotive held a share of around 26% in 2023 of the global market. Growth in vehicle production is boosting segment growth

Europe held a share of nearly 25% in 2023 of the global market. Rising investments towards renewable energy plants in the region is propelling market growth

Metal Shim Market Segmentation

Grand View Research has segmented the global metal shim market on the basis of material, product, application, and region.

Metal Shim Material Outlook (Revenue, USD Million, 2018 - 2030)

Aluminum

Stainless Steel

Brass

Copper

Plastic

Others

Metal Shim Product Outlook (Revenue, USD Million, 2018 - 2030)

Slotted Shims

Shim Stock/Sheet

Arbor Shim

Custom Shim

Others

Metal Shim Application Outlook (Revenue, USD Million, 2018 - 2030)

Automotive

Aerospace & Defense

Manufacturing & Industrial Manufacturing

Construction

Others

Metal Shim Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

Some of the Key Players in the Metal Shim Market

AccuTrex Products, Inc

Aloma Shim and Manufacturing Company

American Metals Corporation (RELIANCE, INC.)

Georg Martin GmbH

Houston Manufacturing Specialty Co., Inc.

Huyett

Mercer Gasket & Shim

MW Industries, Inc.

Northern Industrial Mfg.

Precision Micro

Queensland Gaskets

SPIROL

Starrett

Stephens Gaskets Ltd

Superior Washer & Gasket Corp.

The ShimShack

Trinity Brand Industries

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/metal-shim-market-report

[global-research-report]

Exploring the Future of Paint Protection Films: Market Trends and Innovations

The global paint protection film (PPF) market was valued at USD 499.7 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. This growth is primarily driven by a shift in consumer preferences towards preserving the aesthetic and finish of their vehicles, as well as growing awareness about the importance of maintaining automobiles' external appearance.

Consumers are increasingly seeking products that provide long-lasting protection against scratches, chips, and other damage that can affect the vehicle's paint. Paint protection films offer an effective solution by acting as a clear, durable layer that safeguards the vehicle's paint from everyday wear and tear, such as rock chips, bird droppings, and UV damage. As the demand for maintaining vehicles in pristine condition rises, the market for paint protection films is expected to see steady growth.

In particular, the United States is one of the largest automotive markets in the world and is expected to be a major driver of the paint protection film market. The U.S. market is characterized by a high level of consumer interest in automotive customization and protection products. As more consumers recognize the value of paint protection films in maintaining the appearance of their vehicles, demand for these films is expected to grow significantly during the forecast period.

Regional Insights

Europe:

Europe held the largest revenue share of 31.6% of the paint protection film market in 2023, primarily due to its robust automotive sector. The automotive industry in Europe plays a significant role in the region's economy, contributing over 7% of the European Union’s GDP. The sector is highly integrated with other industries, including textiles, chemicals, steel, mobility, and repair services, alongside information and communication technology (ICT).

Europe is home to major automotive manufacturers such as Volkswagen AG, Stellantis NV, Renault Group, and Mercedes-Benz Group AG. Additionally, foreign automakers like Hyundai, Toyota, and Kia have established significant manufacturing operations within the region. Countries such as Germany, Italy, France, and Spain are key hubs for automotive production, while nations like the Czech Republic and Hungary are home to a large number of small- and medium-sized enterprises (SMEs) specializing in automotive components.

The demand for paint protection films (PPF) in Europe is driven by the strong automotive sector, which increasingly emphasizes vehicle customization, durability, and long-term value retention. The region’s well-established automotive industry, coupled with the growing interest in keeping vehicles in pristine condition, positions Europe as a dominant player in the global PPF market.

North America:

North America is projected to grow at a CAGR of 5.9% from 2024 to 2030. A significant contributor to this growth is the increasing adoption of electric vehicles (EVs), particularly in the U.S. States like California, New Jersey, Washington, and Louisiana offer various tax incentives such as rebates, tax exemptions, and credits to encourage the adoption of EVs. For example, California provides rebates for the purchase and use of plug-in hybrid electric vehicles (PHEVs) and other zero-emission vehicles, while New Jersey and Washington exempt sales and use taxes on EVs. These tax benefits are expected to stimulate the market for EVs, which, in turn, will increase the demand for paint protection films to safeguard the exteriors of these vehicles.

In addition to the automotive market, the growing aerospace and defense sector in North America is also anticipated to drive demand for paint protection films. Both the U.S. and Canada are mature automotive markets, with a high proportion of pre-owned vehicles in circulation, further boosting the demand for PPF. The increasing focus on vehicle protection and aesthetics, coupled with the rising popularity of thermoplastic polyurethane (TPU)-based PPF due to its superior scratch resistance and aesthetic appeal, will also play a significant role in expanding the market.

Browse through Grand View Research's Category Paints, Coatings & Printing Inks Industry Research Reports.

The Central and South America automotive wrap films market size was valued at USD 165.7 million in 2024 and is projected to register a CAGR of 3.8% from 2025 to 2030. 

The global thermal insulation coating market sizewas estimated at USD 10.45 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030. 

Key Companies & Market Share Insights

The paint protection film market is characterized by strong competition, with several key players holding substantial shares in the global market. Two prominent companies operating in this space are 3M and XPEL, Inc. Both companies are heavily involved in the production, distribution, and installation of paint protection films, leveraging their extensive product portfolios, global reach, and strong brand recognition to maintain a competitive edge.

3M Company:

3M is a diversified global corporation known for its innovative solutions across a wide range of industries, including safety and industrial, healthcare, transportation, and consumer goods. The company operates in multiple business divisions, and paint protection films are produced through its Safety & Industrial segment. 3M's Scotchgard brand is highly recognized in the market for providing high-quality automotive protection solutions.

3M’s Scotchgard Paint Protection Film Pro Series offers exceptional protection to automotive surfaces, helping shield vehicles from weathering, chips, and scratches. The product is designed for use in the automotive industry, protecting paint and enhancing the vehicle's aesthetic appeal. 3M's extensive product range also includes automotive films, electronics films, window films, and architectural finishes, allowing the company to cater to a broad spectrum of customer needs.

3M has an extensive global presence, with 89 manufacturing facilities located in 30 countries. This widespread network enables the company to efficiently serve its customers worldwide, offering high-quality products and services on a global scale.

Key Highlights of 3M:

Operates under the Scotchgard brand, offering advanced paint protection films.

Provides a range of protective films for automotive, electronics, windows, and architecture.

Strong global presence with 89 manufacturing facilities in 30 countries.

Known for its innovations in adhesives, sealants, and films across multiple industries.

XPEL:

XPEL, Inc. is a leading manufacturer, distributor, and installer of aftermarket automotive products, including paint protection films, window films, and flat glass films. The company operates primarily in the U.S., Canada, and the UK, where it provides complete paint protection film solutions directly to independent installers, car dealerships, and retail customers. XPEL is renowned for its comprehensive offerings, including not only paint protection films but also installation training, design software, marketing support, and lead generation services for its partners.

The company's product portfolio includes XPEL paint protection films, automotive window films, flat glass window films, and plotters used in the cutting and customization of films. XPEL operates six company-owned installation centers in the U.S. and one installation center each in the UK and the Netherlands. These centers cater to wholesale and retail customers and offer additional services such as custom installations and consultations.

In markets outside of the U.S., Canada, and the UK, XPEL distributes its products through a network of third-party distributors who work under contracts with the company to provide installation services and supply products in international markets.

Key Paint Protection Film Companies:

3M

XPEL Inc.

Schweitzer-Mauduit International, Inc.

Eastman Chemical Company

Avery Dennison Corporation

Saint-Gobain S.A.

RENOLIT SE

Ziebart International Corporation

Hexis S.A.S

Garware Hi-Tech Films Ltd.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

[semmarketresearch]

Holographic Display Market Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2032

Holographic Display Market Overview

The Holographic Display Market was valued at USD 38.6 billion in 2023 and is expected to experience significant growth over the forecast period. By 2024, the market is projected to reach USD 43.19 billion, and by 2032, it is expected to grow to USD 94.9 billion, representing a compound annual growth rate (CAGR) of 10.34% from 2024 to 2032. The increasing demand for holographic displays in healthcare and their expanding adoption across multiple industries are the key factors driving this growth.

Get FREE Sample Report:

Key Market Drivers

Rising Demand in Healthcare Holographic displays have gained significant traction in the healthcare industry, where they are being used for advanced medical imaging and surgical planning. These displays allow healthcare professionals to visualize complex structures in three dimensions, providing an in-depth understanding of anatomical features, which enhances precision during surgeries and diagnostic procedures. Holographic projections offer real-time, interactive visualizations that are transforming traditional medical techniques, making healthcare a key driver for the growth of this market.

Adoption Across Multiple Industries The adoption of holographic displays is expanding across diverse industries, including entertainment, automotive, retail, education, and advertising. In the entertainment industry, holographic displays are used to create immersive experiences in gaming, movies, and live performances. In automotive and aerospace, they are employed for prototyping and design visualization, enabling engineers to interact with 3D models more effectively. Additionally, retail and advertising industries are leveraging holographic displays to create engaging customer experiences through 3D product demonstrations and interactive marketing campaigns.

Advancements in Holographic Technology Continuous advancements in holographic technology, such as improved image resolution, brightness, and portability, are making these displays more practical and appealing for various applications. These improvements are leading to greater adoption of holographic displays in both consumer and professional sectors. The technology’s ability to project highly detailed 3D visuals without the need for glasses or headgear is a major advantage that is driving its popularity across industries.

Market Segments

By Technology The holographic display market can be segmented by technology into electro-holographic displays, touchable holographic displays, and laser-based holographic displays. Laser-based holographic displays are expected to dominate the market due to their superior image clarity and wider range of applications. Touchable holographic displays are gaining attention for their interactive capabilities, particularly in retail and healthcare settings.

By Application The market can be further categorized by application into sectors such as healthcare, automotive, education, retail, entertainment, and defense. The healthcare sector is expected to experience the fastest growth, driven by the demand for advanced medical visualization tools. The entertainment and media segment is also anticipated to hold a significant market share due to the increasing use of holographic displays for immersive visual experiences in films, games, and live performances.

By Region Regionally, the holographic display market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share due to early adoption of advanced technologies and significant investments in healthcare and entertainment industries. Asia-Pacific, particularly countries like China, Japan, and South Korea, is projected to witness the fastest growth due to increasing investments in technology development and rising demand for holographic displays across industries like automotive, retail, and education.

Future Opportunities and Challenges

While the holographic display market shows promising growth potential, several challenges may hinder its expansion. These include high manufacturing costs, complexity in implementation, and the need for advanced infrastructure to support holographic technology. However, with ongoing advancements in technology and decreasing production costs, these challenges are expected to be mitigated in the coming years.

There are significant opportunities for growth, particularly in emerging applications such as remote collaboration, virtual classrooms, and training simulations. The increasing focus on smart cities and digitalization in sectors like education and public services may also open new avenues for holographic display adoption.

Get Related Reports:

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[ajjackstraits]

Co2 Laser Market Report, Market Size, Share, Trends, Analysis By Forecast Period

The 2024 Co2 Laser Market Report offers a comprehensive overview of the Co2 Laser Market industry, summarizing key findings on market size, growth projections, and major trends. It includes segmentation by region, by type, by product with targeted analysis for strategic guidance. The report also evaluates industry dynamics, highlighting growth drivers, challenges, and opportunities. Key stakeholders will benefit from the SWOT and PESTLE analyses, which provide insights into competitive strengths, vulnerabilities, opportunities, and threats across regions and industry segments. 

According to Straits Research, the global Co2 Laser Market  size was valued at USD 3.43 billion in 2023. It is projected to reach from USD 3.65 billion in 2024 to USD 6.14 billion by 2032, growing at a CAGR of 6.43% during the forecast period (2024–2032).

New Features in the 2024 Report:

Expanded Industry Overview: A more detailed and comprehensive examination of the industry.

In-Depth Company Profiles: Enhanced profiles offering extensive information on key market players.

Customized Reports and Analyst Assistance: Tailored reports and direct access to analyst support are available on request.

Co2 Laser Market Insights: Analysis of the latest market developments and upcoming growth opportunities.

Regional and Country-Specific Reports: Personalized reports focused on specific regions and countries to meet your unique requirements.

Detailed Table of Content of Co2 Laser Market report: @ https://straitsresearch.com/report/co2-laser-market/toc

Report Structure

Economic Impact: Analysis of the economic effects on the industry.

Production and Opportunities: Examination of production processes, business opportunities, and potential.

Trends and Technologies: Overview of emerging trends, new technologies, and key industry players.

Cost and Market Analysis: Insights into manufacturing costs, marketing strategies, regional market shares, and market segmentation by type and application.

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Regional Analysis for Co2 Laser Market:

North America: The leading region in the Co2 Laser Market, driven by technological advancements, high consumer adoption rates, and favorable regulatory conditions. The United States and Canada are the main contributors to the region's robust growth.

Europe: Experiencing steady growth in the Co2 Laser Market, supported by stringent regulations, a strong focus on sustainability, and increased R&D investments. Key countries driving this growth include Germany, France, the United Kingdom, and Italy.

Asia-Pacific: The fastest-growing regional market, with significant growth due to rapid industrialization, urbanization, and a rising middle class. China, India, Japan, and South Korea are pivotal markets fueling this expansion.

Latin America, Middle East, and Africa: Emerging as growth regions for the Co2 Laser Market, with increasing demand driven by economic development and improved infrastructure. Key countries include Brazil and Mexico in Latin America, Saudi Arabia, the UAE, and South Africa in the Middle East and Africa.

Top Key Players of Co2 Laser Market :

PRC Laser Corporation

TRUMPF

LIGHT MACHINERY, INC.

Boss Laser, LLC

Epilog Laser

Alma Lasers

SYNRAD

Kern Electronics & Lasers Inc.

GSI Group Ltd. Corporation

Beam Therapeutics Inc.

Caribou Biosciences, Inc.

OriGene Technologies

New England Biolabs

Inscripta

Mammoth Biosciences

Co2 Laser Market Segmentations:

 By Applications

Therapeutics and Diagnostics

LIDAR Imaging

Cutting and Perforations

Welding

Drilling

By Output Power

Up to 50W

50W to 500W

500W to 1000W

Above 1000W

By End-User

Military and Defense

Aerospace

Metal Processing

Healthcare

Manufacturing

Automotive

Telecommunication

Get Detail Market Segmentation @ https://straitsresearch.com/report/co2-laser-market/segmentation

FAQs answered in Co2 Laser Market Research Report

What recent brand-building initiatives have key players undertaken to enhance customer value in the Co2 Laser Market?

Which companies have broadened their focus by engaging in long-term societal initiatives?

Which firms have successfully navigated the challenges of the pandemic, and what strategies have they adopted to remain resilient?

What are the global trends in the Co2 Laser Market, and will demand increase or decrease in the coming years?

Where will strategic developments lead the industry in the mid to long term?

What factors influence the final price of Absorption Cooling Devices, and what raw materials are used in their manufacturing?

How significant is the growth opportunity for the Co2 Laser Market, and how will increasing adoption in mining affect the market's growth rate?

What recent industry trends can be leveraged to create additional revenue streams?

Scope

Impact of COVID-19: This section analyzes both the immediate and long-term effects of COVID-19 on the industry, offering insights into the current situation and future implications.

Industry Chain Analysis: Explores how the pandemic has disrupted the industry chain, with a focus on changes in marketing channels and supply chain dynamics.

Impact of the Middle East Crisis: Assesses the impact of the ongoing Middle East crisis on the market, examining its influence on industry stability, supply chains, and market trends.

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About Us:

Straits Research is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

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Address: 825 3rd Avenue, New York, NY, USA, 10022

Tel: +1 646 905 0080 (U.S.) +91 8087085354 (India) +44 203 695 0070 (U.K.)

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Waterjet Cutting Machines Market Insights: Regional Analysis and Market Dynamics

Waterjet Cutting Machines Market Growth Strategic Market Overview and Growth Projections

The global waterjet cutting machines market size was valued at USD 966.7 million in 2022. It is estimated to reach USD 1,340.60 million by 2031, growing at a CAGR of 3.7% during the forecast period (2023–2031).

The latest Global Waterjet Cutting Machines Market by straits research provides an in-depth analysis of the Waterjet Cutting Machines Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Waterjet Cutting Machines Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Competitive Landscape

Some of the prominent key players operating in the Waterjet Cutting Machines Market are 

Koninklijke Philips N.V.

Medtronic

Natus Medical Incorporated

3M

Ambu

Cognionics

Rhythmlink International

Leonhard Lang GmbH (Acquired by DCC PLC.)

CONMED Corporation

Compumedics Limited

Get Free Request Sample Report @ https://straitsresearch.com/report/waterjet-cutting-machines-market/request-sample

The Waterjet Cutting Machines Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Waterjet Cutting Machines Market: Segmentation

The Waterjet Cutting Machines Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Type

Pure

Abrasive

By Product

3D Waterjet Cutting Machine

Robotic Waterjet Cutting Machine

Micro Waterjet Cutting Machine

By Applications

Foam Product Cutting

Exotic Metal and Non-Traditional Material Cutting

Ceramic/Stone Cutting, Glass/Metal Art

Gasket Cutting

Fiberglass Cutting

By End-User

Automotive

Electronics

Aerospace and Defense

Mining

Metal Fabrication

Others

Stay ahead of the competition with our in-depth analysis of the market trends!

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Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Waterjet Cutting Machines Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Waterjet Cutting Machines Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Waterjet Cutting Machines Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Waterjet Cutting Machines Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com 

Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

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Unleashing Strength: The Revolution of High Performance Composites

The global high performance composites market is anticipated to experience steady growth, driven by rising demand across various industries, including aerospace, automotive, and wind energy. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of about 8% from 2022 to 2028. With a revenue of over USD 28 billion in 2022, the market is expected to reach more than USD 45 billion by 2028, underscoring its increasing significance in advanced manufacturing applications.

What are High Performance Composites?

High performance composites are advanced materials characterized by their superior strength-to-weight ratio, durability, and resistance to extreme environmental conditions. They are typically made of high-strength fibers, such as carbon or aramid, embedded in a matrix material like epoxy or thermoplastics, which provides enhanced properties for demanding applications.

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Market Dynamics and Growth Drivers

Key factors driving growth in the high performance composites market include:

Increasing Demand in Aerospace and Defense: High performance composites are widely used in the aerospace and defense sectors due to their lightweight properties, which contribute to fuel efficiency and performance optimization. The need for durable and corrosion-resistant materials in military and commercial aircraft is expected to sustain demand.

Growth in Automotive Industry: The automotive sector is increasingly adopting high performance composites to reduce vehicle weight, which helps improve fuel efficiency and meet stringent emission standards. As electric vehicles (EVs) gain traction, high performance composites play a critical role in enhancing battery range and vehicle performance.

Expanding Applications in Wind Energy: In the wind energy sector, high performance composites are used for manufacturing turbine blades due to their lightweight and high-strength characteristics. The growing emphasis on renewable energy sources is expected to boost demand for high performance composites in this industry.

Technological Advancements in Manufacturing: Advancements in composite manufacturing processes, such as automated fiber placement (AFP) and resin transfer molding (RTM), are enabling the production of complex shapes and large structures. These innovations help reduce production costs and improve material efficiency, further supporting market growth.

Regional Analysis

North America: North America holds a significant share in the high performance composites market, driven by the presence of major aerospace companies and a well-established automotive industry. The U.S. leads the region, with ongoing investments in defense and aerospace applications.

Europe: Europe is a prominent market for high performance composites, particularly in the automotive and wind energy sectors. Countries like Germany and France are notable for their advanced manufacturing capabilities and emphasis on sustainability, which drive the adoption of composites in renewable energy projects.

Asia-Pacific: The Asia-Pacific region is witnessing rapid growth, fueled by increasing industrialization and demand from automotive, electronics, and aerospace sectors. China, Japan, and South Korea are key contributors to market expansion in this region.

Latin America and Middle East & Africa: These regions are gradually adopting high performance composites, with growth opportunities in construction, energy, and automotive sectors. The Middle East, in particular, is focusing on diversifying its energy sources, which is likely to drive demand in the wind energy sector.

Competitive Landscape

The high performance composites market is highly competitive, with numerous companies focusing on innovation and expanding their product offerings. Key players in this market include:

Toray Industries, Inc.: A leader in carbon fiber composites, known for its extensive product portfolio catering to aerospace, automotive, and industrial applications.

Hexcel Corporation: Specializes in lightweight composite materials and is a prominent supplier to aerospace and defense markets.

SGL Carbon: Focuses on high-strength carbon fiber and composite solutions, supporting applications in automotive, energy, and industrial sectors.

Teijin Limited: Offers high-performance composite materials and is actively involved in expanding its automotive and wind energy portfolios.

Solvay SA: Known for its advanced materials and specialty chemicals, Solvay is heavily invested in the aerospace and automotive sectors, providing lightweight and durable composite solutions.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-high-performance-composites-market

Challenges and Opportunities

The high performance composites market faces challenges such as high production costs, limited recyclability, and the need for specialized processing equipment. These factors can impact the affordability and accessibility of composite materials, especially for smaller industries.

However, the market also presents numerous opportunities, particularly in sectors focused on sustainability and energy efficiency. The adoption of bio-based composites and the development of recycling technologies for composite materials are expected to open new growth avenues. Companies investing in research and development to improve material properties and production techniques are likely to gain a competitive edge.

Conclusion

The global high performance composites market is poised for robust growth, with projections indicating an increase from approximately USD 28 billion in 2022 to over USD 45 billion by 2028. As industries prioritize efficiency and sustainability, high performance composites will play a pivotal role in advancing manufacturing capabilities across sectors. Continued investment in innovation and strategic partnerships will be crucial for market players seeking to capture opportunities and address emerging challenges in this dynamic market.

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Laser Safety Glasses Market Forecast Report, Industry Trends, Size 2024 to 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Laser Safety Glasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Laser Safety Glasses Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Laser Safety Glasses Market?

The global laser safety glasses market was valued at US$ 610.1 Mn in 2023 and is expected to register a CAGR of 7.9% over the forecast period and reach US$ 1,209.5 Mn in 2032.

What are Laser Safety Glasses?                                                                                                                                                                            

Laser safety glasses are protective eyewear designed to shield the eyes from hazardous laser radiation in environments where lasers are used. Constructed with specialized lens materials and coatings, they effectively block or absorb specific laser wavelengths to prevent potential damage to the retina or cornea. Each pair is rated for Optical Density (OD) and specific wavelength ranges, offering tailored protection for various types of lasers commonly found in medical, industrial, scientific, and research applications. Essential for reducing eye injury risks, laser safety glasses provide both safety and comfort for those working with high-intensity laser equipment.

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What are the growth prospects and trends in the Laser Safety Glasses industry?

The laser safety glasses market growth is driven by various factors and trends. The laser safety glasses market is witnessing substantial growth driven by heightened awareness of workplace safety and the increasing adoption of laser technologies across various sectors, including healthcare, manufacturing, research, and entertainment. As laser usage becomes more widespread, the demand for protective eyewear to prevent eye injuries has grown significantly. Advancements in lens technology and materials, along with a stronger focus on compliance with safety regulations, are contributing to market expansion. Furthermore, the rise of e-commerce and online platforms has facilitated access to a broader range of laser safety eyewear options for consumers and businesses. This market is also bolstered by ongoing educational and training initiatives aimed at promoting laser safety in workplaces, ensuring proper usage and adherence to safety standards. Hence, all these factors contribute to laser safety glasses market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Technology

Glass Laser Safety Eyewear

Polycarbonate Safety Glasses

Thin Film Glasses

Laser Protective Face Shields

Intense Pulse Light Safety Glasses

By Application

Automotive

Medical

Chemicals

Military, Aerospace, and Defense

Others

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Honeywell International Inc.

3M

VS Eyewear

Thorlabs, Inc.

Univent Optical Technologies

Kentek Corporation

Laser Safety Industries

NoIR Laser Company LLC

uvex group

Phillips Safety Products, Inc.

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

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[usafphantom2]

Government of Canada orders 4 new Airbus A330 MRTTs

Diego Alves By Diego Alves 07/26/2023 - 12:00m Military

In an effort to strengthen its continental defense capabilities, the government of Canada granted Airbus Defence and Space a contract for four newly built Airbus A330 Multi Role Tanker Transport (MRTT) aircraft and the conversion of five used A330-200s.

With an order value of approximately CAD $3 billion, this Strategic Air Transport and Refueling Capacity (STTC) initiative aims to replace the former CC-150 Polaris fleet (A310 MRTT) currently operated by the Royal Canadian Air Force (RCAF).

The A330 MRTT was considered the appropriate solution to Canada's requirements to protect its sovereignty and improve operations within the North American Aerospace Defense Command (NORAD) and NATO. “As the most advanced multi-mission tanker in the world, the A330 MRTT perfectly meets the needs of Canada,” said Mike Schoellhorn, executive director of Airbus Defence and Space. The aircraft's superior technological capabilities, combined with its interoperability with other allied client nations of the A330 MRTT, position it ahead of global competition.

The new A330-200 fleet will be set up in Toulouse, France, and will undergo a conversion at the A330 MRTT facility in Getafe, Spain, from 2025. The first MRTT is scheduled for delivery to the RCAF in 2027. The A330 MRTTs will be equipped with refueling options via hoses, drugs and booms, along with cybersecurity solutions and countermeasures. In addition, the aircraft will have the Airbus Medical Evacuation kit solution, with two Intensive Care Units and additional stretchers.

The contract includes advanced training services, featuring the Full Flight Simulator, to ensure crew readiness and modernize the air operational training infrastructure of the Canadian Armed Forces. Airbus was selected as the only qualified supplier for the replacement of the C-150 refuel after an acquisition process opened in April 2021.

With 76 requests from 15 customers and proven combat experience in theaters such as the Middle East and the Eastern Flank in Europe, the A330 MRTT has a market share of 90% outside the US and more than 270,000 flight hours. The history of interoperability, mission success and high availability rates of this mature platform highlights its remarkable performance and makes it the ideal choice for Canada's strategic defense needs.

Tags: A330 MRTTairbusMilitary AviationRCAF - Royal Canadian Air Force/Canada Air Force

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[communicationblogs]

Electrical Steel Coatings Market — Forecast(2024–2030)

Electrical Steel Coatings Market Overview

As industries increasingly prioritize energy efficiency, there’s a growing demand for coatings that enhance the performance of electrical steel used in transformers and motors. Recent innovations focus on developing materials with superior insulation properties, corrosion resistance, and improved thermal conductivity. These advancements not only contribute to reducing energy losses in electrical devices but also align with global efforts toward sustainability. The Electrical Steel Coatings Market is undergoing a significant transformation with the rise in renewable energy infrastructure. As the world increasingly embraces renewable energy sources like wind and solar power, the demand for electrical steel coatings is surging. These coatings play a vital role in manufacturing components such as transformers essential for renewable energy systems. The trend underscores the industry’s pivotal role in supporting the global shift towards sustainable energy. The report covers various segments of the Electrical Steel Coatings Market and analyze the market landscape, drivers, and challenges within the forecast period.

COVID-19 Impact

During the COVID-19 Pandemic, many industries had suffered a tumultuous time, and it was no different for the Electrical Steel Coatings Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. Some integral industries that use motors and transformers are the automotive industry, aerospace and defense, and the electrical industry. During the pandemic, automotive production was greatly reduced as many production facilities shut down. However, many governments have relaxed lockdown procedures as the public is being vaccinated and industries are resuming production. As such, the Electrical Steel Coatings Industry is expected to grow tremendously during the forecast period of 2024–2030.

Market Snapshot:

Report Coverage

The report: “Electrical Steel Coatings Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electrical Steel Coatings Market.

By Type: C0, C2, C3 (C3A), C4 (C4A, C4AS), C5 (C5A, C5AS), C6.

By Coating Technique: Electroless plating, Physical Vapor Deposition, Chemical Vapor Deposition.

By Electrical Steel Type: Grain-oriented Electrical Steel, Non-oriented Electrical Steel (Non-oriented semi-processed Electrical Steel, Non-oriented fully processed Electrical Steel).

By Application: Static Machines (Power & Distribution Transformers, Welding Transformers, Audio Transformers, Current Transformers, Others), Rotating Machines (Electrical vehicle driving motors, Hermetic motors, AC motors, Intermittent service motors), Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa).

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Key Takeaways

The Asia-Pacific region holds the largest share in the Electrical Steel Coatings Market due to advancements in their Industrial, Automotive, and Energy sectors.

C5 type of electrical steel coating is the most commonly used electrical steel coating in the Electrical Steel Coatings Market.

The growth of industries like the Automotive industry and the Electrical industry are key drivers for the Electrical Steel Coatings Market.

Electrical Steel Coatings Market Analysis — By Type

The C5 coating type holds the largest share of around 38% in the Electrical Steel Coatings Market during the forecast period of 2024–2030. C5 coating type is a high-resistance insulation coating formed by a chemical treatment with the addition of an inorganic filler to enhance its electrical resistance. C5 coatings provide excellent surface resistivity both before and after stress relief annealing (SRA). The presence of organic parts ensures improved punch and die life during stamping operations. The C5A variant of C5 has a thinner coating thickness while C5AS is used primarily for preventing sticking of semi-processed non-oriented electrical steel and cold-rolled motor lamination steel during quality anneals. Some other types of electrical steel coatings are C0, C2, C3, C4, and C6 coatings. Their wide variety of applications in transformers and motors is one of the driving factors for the growth of this segment.

Electrical Steel Coatings Market Analysis — By Electrical Steel Type

Grain-oriented electrical steel is estimated to hold the largest share more than 50% in the Electrical Steel Coatings Market during 2024–2030. Grain-oriented electrical steel is an important material that can generate magnetic flux without rotation at a stationary state. As such, grain-oriented electrical steel is ideal for use in transformers. It is often used in the form of lamination, wound, or punched sheets. Transformers are essential power-generating devices used practically in every industry. Some of the core industries that use transformers are the industrial sector and power & energy sector. According to the National Informatics Centre (NIC) of India, India Sees an 11.5% Increase in Mineral Production. Another type of electrical steel that is used primarily in motors, is the non-oriented electrical steel. The growth in various sectors globally is projected to promote the growth of this segment and the Electrical Steel Coatings Market within 2024–2030.

Electrical Steel Coatings Market Analysis — By Geography

The Asia-Pacific region holds the largest share of 46% in the electrical steel coatings market during the forecast period of 2024–2030. This is because the region accounts for substantial growth in the industrial sector and different industries like the automotive industry, the electrical industry, and the power & energy sector have observed an increase in demand. According to IEA, in 2023, there will be close to USD 2.8 trillion invested in energy. Clean energy, which includes nuclear power, storage, grids, low-emission fuels, renewable energy, efficiency upgrades, end-use renewables, and electrification, will cost more than USD 1.7 trillion. These booming industries in the Asia-Pacific region prove to be a great driver for the global Electric Steel Coatings Market within the forecast period of 2024–2030.

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Electrical Steel Coatings Market Drivers

The exponential growth of end-use industries such as automotive and electrical Industry

As mentioned above, some of the key applications of transformers and motors are in the automotive industry and electrical industry among others. As such, the growth in these industries proves to be a great driver for the Electrical Steel Coatings market. According to IEA, Coal supply investment is currently significantly higher than it was prior to the pandemic and is predicted to increased by 10% in 2023. As per Acara Solutions India, India is a major auto exporter in the fiscal year 2023, the country’s auto exports increased by 15%. These factors are ideal for the growth of the Electrical Steel Coatings Market within 2024–2030.

Electrical Steel Coatings Market Challenges

Regulations against Energy Consumption and Pollution for various Industries:

One of the main constraints for the Electrical Steel Coatings market is the various regulations and laws that are put in place to limit and reduce energy consumption and pollution. For example, in Switzerland, The Federal Energy Law envisages measures to reduce energy consumption and regulate the energy consumption of installations, vehicles, and equipment. This is done so to ensure an economic and environmentally friendly supply of energy. While such regulations don’t directly affect the Electrical Steel Coatings market, they affect the primary end-users of electrical steel applications, namely the energy sector and the automotive sector. These regulations are only becoming more stringent as many countries and governments are adopting measures to make energy consumption as environmentally friendly as possible. As such, this proves to be a challenge for the Electrical Steel Coatings market within 2024–2030.

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Electrical Steel Coatings Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Electrical Steel Coatings top 10 companies include:

Axalta Coating Systems

Chemetall GmbH

ArcelorMittal

Dorf Ketal

PPG Industrial Coatings

Valmont Coatings

Silco Tek

JFE Steel Corporation

Novolipetsk Steel

Nippon Steel Corporation

Recent Developments

In April 2023, an industry leader in steel processing and technology, Fives has launched and supplied thermal sections for two new annealing and coating lines (ACL) and a new annealing and pickling line (APL). The performance and quality of electrical steel are largely dependent on the thermal section.

In May 2022, The Precoat Metals business division of Sequa Corporation, a portfolio company of international investment firm Carlyle, has been acquired by AZZ Inc., a global provider of welding solutions, specialty electrical equipment, galvanizing and metal coating solutions, and highly engineered services for maintaining and building critical infrastructure. The acquisition was completed as previously announced, with a purchase price of approximately $1.28 billion.

[industrynewsupdates]

Permanent Magnets Market Size, Share And Trends Analysis Report 2024 - 2030

The global permanent magnets market was valued at USD 22.18 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. One of the key factors driving this growth is the increasing focus on renewable energy sources, such as wind and solar energy. Permanent magnets play a crucial role in enhancing the efficiency of wind turbine generators, which is contributing to the market's positive trajectory. Specifically, rare earth magnets, such as Neodymium Ferrite Boron (NdFeB), are being extensively used in wind turbines due to their ability to increase the reliability of turbines while also reducing maintenance costs. This, in turn, is expected to fuel the demand for permanent magnets in the renewable energy sector throughout the forecast period.

In the U.S., the permanent magnet market is expected to grow at a faster rate compared to its ferrite magnet counterpart, driven by their widespread use in high-tech applications. These include sectors such as robotics, wearable devices, electric vehicles (EVs), and wind power. The automotive industry in the U.S. has experienced steady growth since the economic downturn of 2008-09. A key trend contributing to this growth is the rising adoption of plug-in electric cars, which is largely driven by the advanced technology and high-performance electric vehicles offered by leading manufacturers like Tesla, Chevy, Nissan, Ford, Audi, and BMW. Tesla, for example, was one of the first electric carmakers to integrate neodymium magnets into its electric motors, starting in early 2018. This shift toward using high-performance magnets in electric vehicle motors is expected to significantly drive the demand for permanent magnets in the U.S. market.

Overall, the growing applications in energy and transportation sectors, combined with the advancements in technology, are expected to accelerate the adoption of permanent magnets, boosting market growth globally, particularly in the U.S.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Regional Insights

Asia Pacific

In 2023, the Asia Pacific region dominated the global permanent magnets market, accounting for nearly 75.0% of the total revenue. This region is considered the manufacturing hub of the world, with countries like China, Japan, and South Korea playing a pivotal role in the production of a wide range of products, including automotive and electronic devices. These countries have become significant centers for the production of computer hardware devices, such as hard disks, computer chips, and microprocessors, all of which heavily rely on permanent magnets for their functionality. As a result, the demand for permanent magnets continues to grow, driven by the electronics and hardware manufacturing industries in the region.

Europe 

Europe is projected to become the second-largest regional market by 2030, although it faced challenges in recent years. The region saw a significant decline in industrial production in 2020, mainly due to the economic slowdown and political uncertainties, including Brexit. Additionally, the economic downturn was exacerbated by the COVID-19 pandemic, which led to widespread lockdowns and disrupted supply chains. However, as the economy recovers, Europe is expected to regain its growth momentum, bolstered by innovations and a focus on green energy and sustainability.

North America

North America accounted for a notable market share in 2023, although the COVID-19 pandemic had a severe impact on the region's supply chains. According to the International Monetary Fund, North America's GDP contracted by around 7% in 2020, reflecting a significant downturn in the output of key industries, including automotive & transportation, electrical & electronics, and aerospace & defense. However, with the resumption of economic activities post-pandemic, the demand for permanent magnets, particularly in electric vehicles and renewable energy sectors, is expected to rise.

Middle East & Africa

The Middle East & Africa region saw a decline in its market revenue in 2023, mainly due to the economic pressures exacerbated by the pandemic. In 2020, the region’s GDP contracted by approximately 4.2%, with Gulf countries particularly affected by rising deflationary pressures. Despite this, the demand for permanent magnets in the region is expected to gradually recover as economic conditions stabilize and industrial activities resume.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global chemical mechanical planarization market size was estimated at USD 6.01 billion in 2023 and is anticipated to grow at a CAGR of 7.2% from 2024 to 2030.

• The global aluminum wire market size was estimated at USD 31.95 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.

Key Companies & Market Share Insights

The permanent magnets market is highly competitive, with several prominent companies operating globally. Some of the key players include:

1. Hitachi Metals Ltd.: This company operates across three main business segments—automotive-related products, electronics-related products, and infrastructure-related products. Hitachi Metals offers a broad portfolio of products, including cutting tools, molding materials, exhaust components, magnets, LCD displays, semiconductors, medical equipment, and more. Its diverse range of products contributes to its strong position in the market.

2. Shin-Etsu Chemical Co., Ltd.: A major player in the industry, Shin-Etsu operates through several business segments, including PVC, silicones, specialty chemicals, semiconductor silicon, and electronics & functional materials. The company’s diverse product range, particularly in the materials used for semiconductor manufacturing, positions it well within the permanent magnets sector.

3. Ningbo Yunsheng Co., Ltd.: This company specializes in developing and manufacturing sintered and bonded NdFeB, AlNiCo, and SmCo magnets, as well as magnetic assemblies and electric motor products. It also focuses on research and management in sectors such as automobile motors, smart technology, and neodymium magnets.

Emerging Market Participants:

1. Earth-Panda Advance Magnetic Material Co., Ltd.: This company manufactures a wide range of permanent and flexible magnets, including ceramic and ferrite magnets. Its product portfolio includes items like extruded magnet strips, rubber magnet sheets/rolls, magnetic products, and magnetic toys. The company caters to various sectors, including electric motor seals, refrigerator seals, and office automation magnets.

2. Ninggang Permanent Magnetic Materials Co., Ltd.: Established in 2003 and based in Ningbo, China, this company produces sintered SmCo materials, rubber magnets, plastic injection magnets, bonded NdFeB magnets, and ferrite magnets. It is known for its advanced production technologies and strict quality control systems, which help ensure the delivery of high-quality permanent magnets in various shapes to meet industry demands.

Key Permanent Magnets Companies:

• Adams Magnetic Products Co.

• Earth-Panda Advance Magnetic Material Co., Ltd.

• Arnold Magnetic Technologies

• Daido Steel Co., Ltd.

• Eclipse Magnetics Ltd.

• Electron Energy Corp.

• Goudsmit Magnetics Group

• Hangzhou Permanent Magnet Group

• Magnequench International, LLC

• Ningbo Yunsheng Co., Ltd.

• Ninggang Permanent Magnetic Materials Co., Ltd.

• Shin-Etsu Chemical Co., Ltd.

• TDK Corporation

• Thomas & Skinner, Inc.

• Vacuumschmelze GMBH & Co. Kg

• Ugimag Korea Co., Ltd.

• SsangYong Materials Corp.

• Pacific Metals Co., Ltd.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

[harshnews]

Noise Source Mapping Market Size, Share, Trends, Growth Opportunities, Key Drivers and Competitive Outlook

"Noise Source Mapping Market – Industry Trends and Forecast to 2028

Global Noise Source Mapping Market, By Type (Hardware, Software), End-User (Automotive and Transportation, Aerospace and Defense, Power Generation, Consumer Electronics, Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Access Full 350 Pages PDF Report @

**Segments**

- **By Source Type**: The noise source mapping market can be segmented based on the type of noise source, which includes industrial noise, transportation noise, construction noise, and others. Industrial noise sources refer to noise generated in manufacturing facilities, while transportation noise includes noise from vehicles, airplanes, and trains. Construction noise pertains to noise generated during building and infrastructure development activities.

- **By Application**: In terms of application, the market can be segmented into environmental noise mapping, product noise mapping, building acoustics, and room acoustics. Environmental noise mapping involves mapping noise levels in outdoor environments to assess their impact on human health and the ecosystem. Product noise mapping is focused on evaluating and reducing the noise generated by products such as appliances, machinery, and electronic devices.

- **By End-User**: The noise source mapping market can also be segmented by end-user, which includes industries such as manufacturing, transportation, construction, healthcare, and entertainment. Each sector has specific noise sources that need to be analyzed and managed to ensure regulatory compliance and maintain a safe and healthy environment for employees and the general public.

**Market Players**

- **Brüel & Kjær**: A key player in the noise source mapping market, Brüel & Kjær offers a range of solutions for noise and vibration measurement, analysis, and mapping. The company's advanced technologies help clients address noise source identification and mitigation across various industries.

- **Norsonic AS**: Norsonic AS is another prominent player in the market known for its innovative noise mapping systems and software. The company's products cater to the needs of environmental consultants, urban planners, and industrial engineers seeking to manage noise pollution effectively.

- **Sonogamma**: Sonogamma specializes in noise source mapping solutions for industrial applications, with a focus on providing accurate and reliable noise mapping data to enhance workplace safety and regulatory compliance. The company's advanced tools assist industries in identifying and controlling noise sources efficiently.

- **SVTBrüel & Kjær, Norsonic AS, Sonogamma, and SVT are all key players in the noise source mapping market, each bringing unique strengths and offerings to cater to the diverse needs of industries and end-users. Brüel & Kjær's established presence and expertise in noise and vibration measurement technology position them as a frontrunner in providing comprehensive solutions for noise source identification and mitigation. Their advanced technologies enable clients to tackle noise-related challenges effectively across various sectors, solidifying their reputation as a trusted industry player.

Norsonic AS, on the other hand, stands out for its innovative noise mapping systems and software, tailored to meet the demands of environmental consultants, urban planners, and industrial engineers. By focusing on delivering effective noise pollution management tools, Norsonic AS has carved a niche for itself in the market as a reliable provider of solutions aimed at optimizing noise control strategies and enhancing overall environmental quality.

Sonogamma's specialization in noise source mapping solutions for industrial applications underscores its commitment to ensuring workplace safety and regulatory compliance through accurate noise mapping data. By offering advanced tools for identifying and managing noise sources efficiently, Sonogamma caters to the specific needs of industries seeking to enhance their operational procedures and safeguard employee well-being.

SVT brings a fresh perspective to the noise source mapping market, with a focus on leveraging data analytics and technological innovations to deliver new insights and strategies for noise management. By integrating cutting-edge methodologies and solutions, SVT positions itself as a dynamic player capable of providing transformative approaches to noise source mapping issues, offering clients a competitive edge in addressing evolving regulatory requirements and industry standards.

Overall, the noise source mapping market is witnessing dynamic growth driven by the increasing awareness of the impact of noise pollution on human health and the environment. As industries strive to comply with stringent regulations and standards, the demand for comprehensive noise mapping solutions continues to rise, creating opportunities for market players like Brüel & Kjær, Norsonic AS, Sonogamma,**Global Noise Source Mapping Market**

- **By Type (Hardware, Software)** - **End-User (Automotive and Transportation, Aerospace and Defense, Power Generation, Consumer Electronics, Construction, Others)** - **Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)** - **Industry Trends and Forecast to 2028**

The global noise source mapping market is experiencing significant growth, driven by the escalating awareness of the detrimental effects of noise pollution on human health and the environment. Industries across automotive, transportation, aerospace, defense, power generation, consumer electronics, construction, and various other sectors are increasingly recognizing the importance of effective noise mapping solutions to comply with stringent regulations and standards. This surge in demand is propelling market players like Brüel & Kjær, Norsonic AS, Sonogamma, and SVT to innovate and provide advanced technologies and tools for noise identification and mitigation.

In the automotive and transportation segment, the need for noise source mapping is crucial to address issues related to vehicle noise emissions and ensure compliance with regulatory noise standards. Similarly, the aerospace and defense industry relies

Global Noise Source Mapping Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Noise Source Mapping Market

Chapter 3: Regional analysis of the Global Noise Source Mapping Market industry

Chapter 4: Noise Source Mapping Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Noise Source Mapping Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Noise Source Mapping Market.

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[global-research-report]

Composites Market Dynamics: Opportunities, Challenges, and Growth Forecast

The global composites market was valued at USD 93.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is primarily driven by the increasing demand for lightweight components, particularly in the automotive and transportation sectors. Additionally, the growing adoption of advanced lightweight components across various manufacturing industries is expected to further boost market growth during the forecast period.

Composites are widely used in the aerospace and defense sectors due to their ability to significantly reduce the weight of military aircraft and helicopters. The reduction in weight is critical for enhancing fuel efficiency and improving overall performance, making it a key driver of growth in these industries.

Regional Insights

Asia Pacific:

The Asia Pacific region dominated the global composites market, accounting for 45.4% of the global demand in 2022. The region is expected to continue its strong growth trajectory during the forecast period, largely driven by the presence of key manufacturers in major economies such as China, India, and Japan. These countries serve as key hubs for industries like automotive, construction, aerospace, and electronics, which are major consumers of composite materials.

US:

In the United States, the demand for composites is primarily fueled by the growing need for lightweight materials in the automotive industry. The increasing capacity of the electrical and electronics sectors, along with steady growth in the automotive and aerospace industries, are expected to contribute significantly to the market expansion in the U.S. over the forecast period.

Europe:

In Europe, the demand for composites is predominantly driven by Western European countries, where large-scale manufacturing industries are well-established. The automotive, aerospace and defense, construction, and electrical and electronics sectors play a key role in driving the demand for composites. The emergence of new aircraft manufacturers, such as Commercial Aircraft Corporation of China, Ltd., is expected to further boost aircraft production and intensify competition among manufacturers, stimulating growth in the composite materials market.

Central & South America:

The composites market in Central and South America is showing solid growth, particularly in Brazil, where the construction sector has seen robust expansion in recent years. This growth, along with the increasing demand for composites in other end-use industries, makes the region an attractive market for both regional and local players, further strengthening the demand for composite materials.

Browse through Grand View Research's Category Advanced Interior Materials Industry Research Reports.

The New England air compressor market size was estimated at USD 225.0 million in 2024 and is projected to grow at a CAGR of 3.5% from 2025 to 2030.

The Central and South America geosynthetics market size was estimated at USD 1.16 billion in 2024 and is projected to grow at a CAGR of 6.4% from 2025 to 2030. 

Key Composites Companies

The competitive rivalry among manufacturers in the composites market is intense, driven by the presence of both global and regional players competing for market share. As the demand for composite materials increases across various industries, such as automotive, aerospace, construction, and electronics, manufacturers are vying to offer innovative and cost-effective solutions.

Some prominent players in the composites market include:

Teijin Ltd.

Toray Industries, Inc.

Owens Corning

PPG Industries, Inc.

Huntsman Corporation LLC

SGL Group

Hexcel Corporation

DuPont

Compagnie de Saint-Gobain S.A.

Weyerhaeuser Company

Momentive Performance Materials, Inc.

Cytec Industries (Solvay, S.A.)

China Jushi Co., Ltd.

Kineco Limited

Veplas Group

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.