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Ammunition Market Worth USD 16.07 Billion By 2024: Grand View Research, Inc.

The global ammunition market is expected to reach USD 16.07 billion by 2024, according to a new report by Grand View Research, Inc. Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.

Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.

Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.

Global ammunition market revenue, by end-use, 2013-2024 (USD Million)

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Browse full research report on Ammunition Market: http://www.grandviewresearch.com/industry-analysis/ammunition-market

Further key findings from the report suggest:

  • The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to grow significantly by 2024 in light of technological advancements and development for the smart weapons to maintain law and order in developed economies.
  • Bullet segment is expected to witness considerable gains at a CAGR of 3.8% from 2016 to 2024. This growth is attributed to the measures taken by different governments to introduce latest technologies for the overall advancement of the industry.
  • AAI Corporation has developed an advanced light machine gun which uses 5.56mm ammo. This is also referred as telescoped ammunition and does not contain conventional brass cartridge, which reduces the weight approximately by 40% as compared to the traditional ammunition.
  • Asia Pacific accounted for 32.9% of the overall revenue share in 2015 and is projected to witness high growth. Recent increase in terrorist activities along with the need to maintain internal peace and order, counties such as India, China and Pakistan are continuously enhancing their defense mechanism, which in turn is boosting the market.
  • Ammunition industry is dominated by key participants including include General Dynamics Corporation, BAE Systems, Remington Arms Company, Inc., Ruag Ammotec, Poongsan Corporation, Federal Premium Ammunition and Maxam. Companies are collaborating in order to remain profitable and retain their position in the global market.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-ammunition-market                                                                         

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

3D Printing Market To Witness Growth Rapidly Due To Increasing Demand For Prototyping Applications Till 2025: Grand View Research, Inc.

The global 3D printing (3DP) market is estimated to reach USD 23.79 billion by 2025, according to the new report conducted by Grand View Research, Inc. This technology is also called Additive Manufacturing (AM), is referred to as a procedure that produces parts through the successive addition of layers of materials in various 2D shapes. The layered 2D shapes are built upon one another to form a three-dimensional object. The process is different from the subtractive method of production where one begins with a block of material and grinds out unnecessary materials to obtain the desired final shape of the object.

The industry is well-established in the industrial sector owing to enhanced product manufacturing and time required for a product to reach the market. This technology is widely adopted in the industrial vertical, which is expected to lead to the largest market share of 3D printers in industrial applications. Additive manufacturing, which is the industrial version of three-dimensional printing, is anticipated to reach maturity over the forecast period.

However, desktop 3D printing is likely to hold a promising future owing to the growing popularity of the technology among hobbyists, innovators, and the education sector for technical training and domestic/personal uses. The technology is expected to be highly touted for its economic advantages rather than being perceived as a labor-intensive industrial manufacturing technique. Local shops that install 3D printers and offer 3D printing materials, filaments, 3D modeling, and 3D printer software have become an alternative business model, especially in developing economies such as Brazil, South Africa, and India.

The market is fragmented into three major application areas, namely prototyping, tooling, and functional part manufacturing. Apart from the industrial vertical, the automotive, healthcare, and aerospace & defense verticals are the strong adopters of the technology. Manufacturers in these verticals emphasize on the accuracy of operations, enhancement in product designing, and reliability offered by the parts, coupled with the time required for the product to arrive the market and expenditures involved in the production. Benefits offered by the technology are expected to lead to increased applications in these industry verticals in future as well. Moreover, factors such as intensive R&D along with heavy investments carried out by the public and private sectors are expected to result in numerous advancements in 3D printers and related technologies, owing to active government funding and initiatives carried out by developed economies.

North America held majority of the market share in 2016, accounting for more than 35.0%. The large market share is attributed to the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing of objects in several sectors. The Asia Pacific region has significantly emerged as a large manufacturing hub on account of the presence of a huge consumer base and surplus foreign investments in the region, thereby portraying a remarkable growth over the estimated duration.

3D printing is a capital-intensive technology and bears a few disadvantages, such as misconceptions among manufacturers about prototyping. Furthermore, the market currently lacks standard process controls and skilled workforce. These factors currently hamper the market growth; however, they are anticipated to be overcome over time owing to increasing government initiatives and growing awareness among individuals regarding the benefits of 3D printers.

U.S. 3D printing market by vertical, 2014 – 2025 (USD Million)

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Browse full research report on 3D Printing Market: http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis

Further key findings from the report suggest:

  • 3D printing is gaining interest among individuals owing to benefits such as accurate and rapid prototyping along with the optimized time-to-market factors.
  • The increasing application of 3D printers in automotive, healthcare, and aerospace & defense verticals are also expected to significantly drive market growth over the forecast period.
  • Desktop printers are expected to gain noticeable attention over the forecast period on account of increasing popularity among researchers, hobbyists, small enterprises, personal users in domestic applications, and in the educational sector for training purposes.
  • The prototyping application segment dominated the market in 2016 and is projected to continue dominating in future as well, accounting for a considerable market share by 2025.
  • The others vertical segment, which includes imitation & jewelry, clothing, construction & engineering, architecture, toys, footwear, and so on, is expected to witness an extensive adoption of 3D printers for manufacturing goods & structures over the forecast period.
  • The Asia Pacific market is predicted to showcase a significant rise on account of increasing applications in the automotive, consumer electronics, infrastructure, urbanization, military & defense, and healthcare sectors, among others, especially in countries such as China, Japan, South Korea, Taiwan, and India.
  • Prominent players in the industry include Stratasys Ltd., 3D Systems, Inc., 3D Ceram, GE Additive, HP Inc., Tiertime, Dassault Systemes, Made In Space, and Voxeljet AG.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-3d-printing-market                                                                        

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

VRL Market Worth USD 5.13 Billion By 2025: Grand View Research, Inc.

The global veterinary reference laboratories (VRL) market is expected to reach USD 5.13 billion by 2025, according to a new report by Grand View Research, Inc. Increase in incidence of zoonotic diseases is a key driving factor for market growth. Increase in adoption of integrated diagnostic systems coupled with information ecosystems for veterinary diagnostics is anticipated to fuel development.

Rise in demand for advanced diagnostic tests and growing awareness amongst consumers are some of the factors expected to boostdemandover the coming years. Moreover, companies are investing in R&D for the advancement of test kits for cost-effective diagnosis & monitoring of animal health, which is expected to boost growth. Some of the advancements in this market include efficient information management systems used in animal diagnostic applications, vaccine banks, and mobile apps for continuous monitoring. High focus toward innovation in veterinary health is anticipated to fuel the demand for reference labs. For instance, Innovative Medicines Initiative (IMI) is a public-private partnership that supports pharmaceutical innovations in Europe.

In addition, MediLabSecure, a laboratory network project was established, which aims to identify emerging viruses& pathogens in 19 countries in the Mediterranean regions and 57 labs were involved. Furthermore, increase in the number of government initiatives to promote veterinary diagnostics products is presumed to drive the overall growth.

U.S. VRL market revenue by animal type, 2014 – 2025 (USD million)

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Browse full research report on Veterinary Reference Laboratory (VRL) Market: http://www.grandviewresearch.com/industry-analysis/veterinary-reference-laboratory-vrl-market

Further key findings from the report suggest:

  • The clinical chemistry analyzers segment held the dominant share of the market as of 2016 owing to growing demand for veterinary diagnostics products
  • Increase ininstances of contamination in pet foods that causesevere illnesses and deaths amongst animalsis expected to boost the demand for toxicology testing services
  • Production animals accounted for largest revenue share in 2016 owing to their highest consumption rate
  • The market was dominated by North America and is expected to retain its position throughout the forecast period
  • Presence of prominent industry players, advanced healthcare infrastructure, and high healthcare expenditure are some of the factors responsible for growth
  • Companies offering reference laboratories are focusing on the development of cost-effective diagnostic solutions for animal health
  • IDEXX Laboratories, Inc. held a dominant share owing to its presence across the globe and a wide product portfolio of advanced diagnostic tests
  • Strategies such as regional expansion, new product developments, merger & acquisitions, and research collaborations are anticipated to propel growth
  • For instance, inJanuary 2017, Mars, Inc. announced the agreement for acquiring VCA Inc. in a probe to capture higher share

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-veterinary-reference-laboratory-vrl-market                                                                      

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Surgical Drainage Devices Market To Gain Demand Quickly Due To Increasing Incidence Of Chronic Diseases Till 2025: Grand View Research, Inc.

The global surgical drainage devices market is anticipated to reach USD 2.3 billion by 2025, according to a new report by Grand View Research, Inc. The growth of this market is catapulted by increasing incidence of chronic diseases, the need to curb healthcare expenditure, and additional benefits associated with surgical drain devices. Majority of the times, these devices are used for prevention of fluid accumulation and in postsurgical treatment & care.

With the escalating number of diseases that require surgical intervention, these devices are now being used in hospitals, clinics, and ambulatory surgical centers. Active surgical drain devices make use of negative pressure or vacuum to remove fluid buildup, and are preferred over conventional passive drain devices as they help in healing the wound quickly.

Drainage devices are used in cardiothoracic surgeries, neurosurgical procedures, orthopedic surgeries, and abdominal surgeries among others. Global rise in musculoskeletal diseases, arthritis, and osteoporosis has resulted in an increase in number of surgeries being performed, which has further led to an increase in adoption of these devices.

The North American region accounted for the largest market share due to technologically advanced medical infrastructure and successful integration of ambulatory health services in its healthcare system. Emerging countries like India, China, and Brazil are also expected to flourish during the forecast period owing to their developing healthcare infrastructure and increasing adoption of advanced medical technology to curb chronic diseases.

Japan surgical drainage devices market by product, 2014 – 2025 (USD million)

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Browse full research report on Surgical Drainage Devices Market: http://www.grandviewresearch.com/industry-analysis/surgical-drainage-devices-market

Further key findings from the report suggest:

  • Active surgical devices are expected to gain considerable market share owing to their increasing usage in surgeries
  • With a wide range of passive surgical drain devices being available in the market, product penetration is high, fetching them adequate share in the market
  • With an increase in the incidence of musculoskeletal diseases, arthritis, and osteoporosis, orthopedics application is expected to witness the fastest growth during the forecast period
  • Cardiothoracic application is expected to be the largest segment due to global rise in cardiovascular diseases and the number of surgeries being performed
  • North America accounted for the largest market share owing to local presence of dominant players in the market and availability of sophisticated infrastructure as well as existence of healthcare reforms to curb the incidence of chronic diseases
  • The Asia Pacific region is expected to flourish during the forecast period owing to the change in various healthcare reforms and development of new medically advanced technologies

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-surgical-drainage-devices-market                                                                      

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Ceramic Coating Market Worth USD 13.1 Billion By 2025: Grand View Research, Inc.

The global ceramic coating market is expected to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.2% over the forecast period, owing to Increasing utilization in automobile engine components and the aerospace & defense industry is projected to propel the market growth over the next eight years.

Ceramic coatings are being extensively used in the automobile and transportation industry owing to its anti-corrosion properties and offering resistance to abrasion and heat.  Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax.

With growing research and development activities, ceramic coatings are venturing into wider application segments. Currently, automobile and transportation are expected to be the largest application for ceramic coatings. However, with further product innovations, the ceramic coating is likely to have larger application share than its counterparts such as PTFE or regular coatings.

Acquisition and joint ventures are an integral part of this market and allow companies to expand their market position and hold. Recent strategic initiatives signify that the end-use companies are acquiring/merging with companies possessing technology and patents for producing the ceramic coating to reduce the process cost and thus the final product prices.

U.S. ceramic coating market revenue by application, 2014 – 2025 (USD Million)

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Browse full research report on Ceramic Coating Market: http://www.grandviewresearch.com/industry-analysis/ceramic-coatings-market

Further key findings from the report suggest:

  • The global ceramic coating market demand is expected to exceed 46.3 million tons by 2025, growing at an estimated CAGR of 5.1% from 2017 to 2025
  • In the product segment, oxide accounts for the largest share globally. The U.S. oxide segment was estimated to be around USD 1.37 billion in 2016
  • Asia-Pacific was the largest consumer in 2016 in terms of volume. It accounted for more than 40% of the global consumption in 2016
  • China is anticipated to be the largest consumer in Asia Pacific owing to presence of large number of industries coupled with tightening environment norms
  • The industrial components segment was the largest consumer in Asia Pacific in 2016 while aerospace & defense generated the substantial revenue in the U.S.
  • The automobile & transportation sector is projected to have the highest growth as major manufacturers are adopting ceramic coatings on engine components to combat corrosion

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-ceramic-coating-market                                                                    

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Protein Purification & Isolation Market Is Projected To Grow Rapidly Due To Increasing R&D Investments By Pharmaceutical Companies Till 2025: Grand View Research, Inc.

The global protein purification and isolation market is expected to be USD 9.5 billion by 2025, based on a new report by Grand View Research, Inc. Increased funding from both public and private research organizations for research and development of structure-based drugs and technological advancements are key drivers for the market.

Demand is increasing for the development of protein purification products based on single use purification process owing to increased proteomics research and rising need to identify new protein-based ligands with high specificity. Availability of a wide range of novel resins specific for different end users is estimated to be one of the drivers increasing the adoption rate of protein purification techniques.

U.S. protein purification & isolation market, by technology, 2014 – 2025 (USD Billion)

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Browse full research report on Protein Purification & Isolation Market: http://www.grandviewresearch.com/industry-analysis/protein-purification-isolation-market

Further key findings from the report suggest:

  • Reagents were observed to be the largest as well as the fastest growing segment under the product outlook. These are highly used during cell lysis and help in separating soluble proteins from the cell debris.
  • Increasing adoption of automated protein purification techniques for achieving desired purity & process consistency and saving time is estimated to result in stable growth of the segment
  • On the basis of technology, chromatography held a significant share of the market owing to factors such as high reliability, availability of a wide range of products, and improved results for purifying complex proteins.
  • High R&D initiatives undertaken by market players for the screening of potential drugs through protein-protein interaction and structure-based studies is estimated to contribute toward fastest growth of the drug screening segment
  • By end use, CROs are considered as the fastest growing segment. Increase in investments in the R&D sector is expected to contribute toward market growth
  • In 2016, North America held the largest share owing to advancements in the technology, presence of major players, and established infrastructure especially in this region, which acts as a driving force to the market
  • The highest CAGR is anticipated in Asia Pacific over the forecast period due to a rise in economic stability, increasing number of CROs, and growing R&D in academic & research institutes
  • Some of the key players of this market are Thermo Fisher Scientific; Merck KGaA; Sigma-Aldrich Co.; QIAGEN; Bio-Rad Laboratories, Inc.; Agilent Technologies; Promega Corporation; GE Healthcare; Norgen Biotek Corporation; and Abcam plc.
  • Some of the strategies implemented by these companies are mergers & acquisitions, strategic collaborations, and expansion of product portfolio through R&D initiatives, which have helped the market grow.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-protein-purification-isolation-market                                                                   

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Artificial Intelligence Market Hits USD 35,870 Million By 2025: By Grand View Research, Inc.

The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

 Artificial Intelligence – Direct & Enabled Revenue, 2014 – 2025 (USD Million)

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Browse full research report on Artificial Intelligence Market: http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further key findings from the report suggest:

Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption

The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.

The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.

The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.

The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market                                                                          

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com