Textile Colorant Market Size Report 2021, Recent Trends, Share, and Growth forecast to 2028 The global textile colorant market is set to gain impetus from the high demand for natural dyes over synthetic ones because of their beneficial properties. They do not have carcinogenic & toxic chemicals, are itch-resistant, renewable, and have excellent UV absorption capacity. Various prominent boutiques and fashion houses are hence opting for these dyes for the manufacturing of their products. In May 2021, for instance, Akané Studio introduced a wide range of naturally dyed fabrics in the Indian market. This information is given by Fortune Business Insights™ in a report, titled, “Textile Colorant Market, 2021-2028.” As per the report, the market size was USD 9.16 billion in 2020. It is projected to grow from USD 9.42 billion in 2021 to USD 13.24 billion in 2028 at a CAGR of 5.0% during the forecast period. Segments- Technical Textiles Segment Held 4.1% Share in 2020: Fortune Business Insights™ Based on applications, the market is segregated into clothing, technical textiles, home textiles & carpets, and automotive textiles. Amongst these, the technical textiles segment procured 4.1% in terms of the textile colorant market share in 2020. This growth is attributable to the high demand for trekking clothes and sportswear on account of the shift of youngsters towards a healthy lifestyle. Drivers & Restraints- Availability of Unique Housing Benefits and High Spending Capacity to Boost Growth The high demand for living spaces across the globe owing to the surging population is set to propel the textile colorant market growth in the upcoming years. Regulatory bodies nowadays are implementing novel housing benefits for citizens, such as home loan reduction schemes. Hence, many people prefer to buy and decorate their houses. They are majorly opting for the services of interior designers and architects for creating a cutting-edge identity for their homes. Products, namely, carpets, sofas, curtains, bedsheets, and cradles are gaining more popularity as the spending capacity of people is increasing rapidly. However, government agencies, such as REACH, have restricted the usage of specific types of dyes in consumer goods because of their harmful effects on humans. It may hamper the demand for textile colorant. Regional Insights- Presence of GAP, Adidas, Nike, and Calvin Klein to Help North America Grow Geographically, Asia Pacific earned USD 4.24 billion in terms of revenue in 2020. It is estimated to remain at the forefront in the near future because of the availability of cheap labor and raw material. In North America, on the other hand, the presence of reputed clothing brands, such as Reebok, Nike, GAP, Adidas, Calvin Klein, and Hanes would propel the demand for textile colorant. Europe is expected to showcase significant growth on account of the ongoing infrastructure renovation activities. Browse Summary https://www.fortunebusinessinsights.com/textile-colorant-market-105468

Eggs Market Demand, In-depth Analysis, Industry Dynamics, Scope, Share, Size and Forecast by 2030 The global eggs market size was valued at USD 136.17 billion in 2022. The market is projected to grow from USD 143.29 billion in 2023 to USD 207.08 billion by 2030, exhibiting a CAGR of 5.40% during 2023-2030. The eggs market has been evolving and adapting to new PETA-friendly methods due to the rapidly changing consumer base. Different types of eggs in the market, including organic, cage-free, and free-range, are gaining prominence. The nutritional benefits associated with eggs have significantly increased their consumption rate globally, and is expected to drive market growth during the forecast period. Leading Players Featured in the Research Report: Companies leading Eggs Market are Cal-Maine Foods, Inc. (U.S.), Rose Acre Farms Inc. (U.S.), Hillandale Farms (U.S.), Versova Holdings LLP (U.S.), Daybreak Foods (U.S.), CP Group (Thailand), Beijing Dequingyuan Agricultural Technology Co. Ltd. (China), Ise Inc. (Japan), Arab Company of Livestock Development (ACOUD) (Saudi Arabia), Gemperle Family Farms (U.S.) COVID-19 Impact Pandemic-Driven Consumer Behavior Shifts Spurred Market Growth amid Supply Disruptions Stringent government regulations and lockdowns aimed at controlling the spread of the virus led to a surge in retail demand for eggs due to their perceived health benefits. However, the closure of food service segments and disruptions in the supply chain caused by the pandemic resulted in increased egg prices and a sudden growth in the global egg market. Segments: Conventional Eggs Maintain Market Leadership, Fueled by Production Efficiency and Widespread Availability By product type, the market is segmented into conventional, cage-free, organic, and free-range. The conventional segment is projected to hold a significant market share during the forecast period. The growth is attributed to the high availability of conventional eggs due to their increased production rate. Easy Accessibility and Hypermarket Convenience Propel Retail Segment's Share Based on end-use, the market is divided into food service and retail (supermarkets/hypermarkets, grocery stores, e-commerce, and others). The retail segment is estimated to hold the highest market share during the forecast period, owing to the easy accessibility of eggs in grocery stores. The rising convenience of supermarkets/hypermarkets will further boost this segment. Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Drivers & Restraints Market Flourishes as Health Awareness Spurs Consumption and Government Backing Boosts Growth The eggs market has witnessed significant growth in egg consumption, particularly post-pandemic, with consumers of various demographics increasing their egg consumption. Rising health consciousness and awareness of healthy diets among consumers have driven the market growth. Additionally, government initiatives aimed at spreading awareness regarding the health benefits of eggs are propelling market growth. However, the increasing global temperature due to global warming is expected to hamper egg production worldwide, affecting market growth. Regional Insights Asia Pacific Takes the Lead as China and India Steer Consumption and Production Trends Asia Pacific holds the largest eggs market share and is anticipated to continue its dominance during the projected period. The growth in the region can be attributed to the high consumption rate of eggs in India, China, and Japan, with China and India being prominent egg producers. North America is also estimated to hold a major share of the market due to increased egg consumption in North American countries, including Mexico and the U.S. Competitive Landscape Increasing Technological Investments by Key Players to Propel Market Growth Key players in the market, including Cal-Maine Foods, Inc., Hillandale Farms, and Rose Acre Farms, Inc., S.A., are investing significantly in technological advancements to enhance organic products' production rate. These investments are expected to boost market growth during the forecast period. Browse Summary of this Research Report: https://www.fortunebusinessinsights.com/eggs-market-108483

Polypropylene Market Revenue, Development, Revenue, Future Growth, Future Strategies, Business Opportunities, Growth Statistics by 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Regional Insights Promising Growth of the Packaging Industry to Aid the Asia Pacific Market Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billionin 2020. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

Textile Colorant Market Size, Share And Major Industry Players Forecast (2020-2028) The global textile colorant market is set to gain impetus from the high demand for natural dyes over synthetic ones because of their beneficial properties. They do not have carcinogenic & toxic chemicals, are itch-resistant, renewable, and have excellent UV absorption capacity. Various prominent boutiques and fashion houses are hence opting for these dyes for the manufacturing of their products. In May 2021, for instance, Akané Studio introduced a wide range of naturally dyed fabrics in the Indian market. This information is given by Fortune Business Insights™ in a report, titled, “Textile Colorant Market, 2021-2028.” As per the report, the market size was USD 9.16 billion in 2020. It is projected to grow from USD 9.42 billion in 2021 to USD 13.24 billion in 2028 at a CAGR of 5.0% during the forecast period. COVID-19 Pandemic: Halt of Production and Order Cancellations are Impacting Growth The COVID-19 pandemic has taken a huge toll on the textile dyes and pigments industry because of the strict lockdown measure implemented by governments in major manufacturing countries, such as Bangladesh, China, Brazil, and India. It further resulted in the halt of production processes. At the same time, numerous garment companies are facing financial losses as buyers are cancelling their orders. Additionally, big brands have gone bankrupt and are therefore delaying deadlines of payment confirmations. We are providing in-depth research reports to help you at such a difficult phase with your business. Drivers & Restraints- Availability of Unique Housing Benefits and High Spending Capacity to Boost Growth The high demand for living spaces across the globe owing to the surging population is set to propel the textile colorant market growth in the upcoming years. Regulatory bodies nowadays are implementing novel housing benefits for citizens, such as home loan reduction schemes. Hence, many people prefer to buy and decorate their houses. They are majorly opting for the services of interior designers and architects for creating a cutting-edge identity for their homes. Products, namely, carpets, sofas, curtains, bedsheets, and cradles are gaining more popularity as the spending capacity of people is increasing rapidly. However, government agencies, such as REACH, have restricted the usage of specific types of dyes in consumer goods because of their harmful effects on humans. It may hamper the demand for textile colorant. Regional Insights- Presence of GAP, Adidas, Nike, and Calvin Klein to Help North America Grow Geographically, Asia Pacific earned USD 4.24 billion in terms of revenue in 2020. It is estimated to remain at the forefront in the near future because of the availability of cheap labor and raw material. In North America, on the other hand, the presence of reputed clothing brands, such as Reebok, Nike, GAP, Adidas, Calvin Klein, and Hanes would propel the demand for textile colorant. Europe is expected to showcase significant growth on account of the ongoing infrastructure renovation activities. Browse Summary https://www.fortunebusinessinsights.com/textile-colorant-market-105468

Respiratory Protective Equipment Market Size, Share And Major Industry Players Forecast (2020-2027) The global respiratory protective equipment (RPE) market size is projected to reach USD 12.88 billion by 2027, exhibiting a CAGR of 7.2% during the forecast period. Spread of the coronavirus through air route will surge the adoption of RPE throughout 2020, observes Fortune Business Insights™ in its report, titled “Respiratory Protective Equipment (RPE) Market Size, Share & COVID-19 Impact Analysis, By Product (Air Purifying Respirators (APR) {Unpowered Air-Purifying Respirators [Disposable Filtering Half Mask, Half Mask, and Full Face Mask], and Powered Air-Purifying Respirators (PAPR) [Half Mask, Full Face Mask, and Helmets, Hoods & Visors}, and Supplied Air Respirators {Airline Respirators, Self-Contained Breathing Apparatus (SCBA), Combination SAR/SCBA or APR/SAR}), By End-Use (Industrial, Oil & Gas, Mining, Petrochemical, Construction, Healthcare, Pharmaceuticals, Fire Service), and Regional Forecast, 2020-2027” Market Driver Extensive Utilization of RPE in Mining Industry to Stoke Growth Respiratory protective equipment is commonly used by miners owing to the massive health risks involved during mining operations, particularly coal mines. The most widely utilized RPE are powered air-purifying respirators (PAPRs) on account of their high efficacy in filtering out dust particles. These particles are known to cause severe lung disorders in miners who have had prolonged exposure to harmful dust. Such exposure has been known to lead to a common lung condition called pneumoconiosis, or dusty lung, which usually manifest in the form of silicosis and coal miners’ pneumoconiosis (CWP), or black lung. Both these conditions are incurable and invariably lead to premature deaths. Effective RPE can prevent miners from inhaling these toxic dust particles and save them from developing lifelong debilitating health conditions. Regional Insights Strict Implementation of Workplace Safety Rules to Accelerate the Market in North America In North America, where the market size stood at USD 2.5 billion in 2019, the market is expected to perform exceptionally well as regulatory bodies such as the Occupational Safety and Health Administration (OSHA) have been strictly imposing workplace safety rules. As a result, the adoption of RPE and other personal protective equipment such as hard hats has become mandatory in the US and Canada. Asia Pacific is expected to present lucrative opportunities owing to the rapid expansion of the construction, manufacturing, and healthcare sectors in the region. In Europe, the demand for effective RPE is escalating, primarily from workers in core industries. For example, Germany’s RPE market share in construction industry stood at 11.9% in 2019. Browse Link: - https://www.fortunebusinessinsights.com/respiratory-protective-equipment-rpe-market-103534

Wood Flooring Market Size, Share And Major Industry Players Forecast (2020-2027) The global wood flooring market size is expected to showcase a considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced wood flooring solutions globally. This information is published by Fortune Business Insights, in its latest report, titled, “The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027. DRIVING FACTORS Increasing Government Support to Promote Wooden Products to Surge Demand The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global wood flooring market in the forthcoming years. SEGMENTATION: Residential Segment to Hold Major Market Share The residential segment, based on application, is expected to showcase significant growth owing to the increasing demand for lumber-based wood flooring products for the residential projects across the globe. REGIONAL INSIGHTS Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region. The market in Europe is expected to experience a significant growth backed by the growing focus of companies to develop heat compatible wood flooring products in the region between 2020 and 2027. Information Source: https://www.fortunebusinessinsights.com/wood-flooring-market-104011

The global airborne fire control radar market size is expected to showcase exponential growth by reaching USD 3,866.4 million by 2028 while exhibiting a CAGR of 4.73% between 2023 and 2028. According to Fortune Business Insights' recent report titled "Airborne Fire Control Radar Market, 2021-2028," the market reached a value of USD 2,655.4 million in 2020. The report highlights that the market is expected to witness significant growth due to factors such as the rising demand for target detection equipment and the increasing adoption of advanced technologies like active electronically scanning arrays (AESA). These factors are projected to drive the global adoption of airborne fire control radar systems. The airborne fire control radar market refers to the industry involved in the development, production, and sale of radar systems specifically designed for airborne platforms, primarily used for fire control applications. These radar systems are used in military aircraft, such as fighter jets and attack helicopters, to detect, track, and engage targets effectively. Information Source : https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048 Market Segmentation: The airborne fire control radar industry can be segmented based on: Platform Type: Fixed-wing Aircraft, Rotary-wing Aircraft. Frequency Band: X-Band, S-Band. Range Capability: Short-Range, Medium-Range, Long-Range. Application: Air-to-Air, Air-to-Ground, Multi-mode. Geography: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. What does the Report Include? The market report offers a comprehensive analysis of the airborne fire control radar market, encompassing qualitative and quantitative insights. It covers crucial aspects such as materials, leading companies, applications, and products. The report provides a deep understanding of the market trends, highlighting significant industry developments. It includes historical data and forecasts the revenue growth globally, regionally, and at the country level. The report analyzes the latest dynamics and identifies opportunities that will influence market growth from 2023 to 2028. DRIVING FACTORS Increasing Demand for Reconnaissance and Targeting Activities to Promote Market Growth The rising intrusion activities and the growing focus on upgrading their militaries by countries worldwide will boost the demand for advanced technologies for reconnaissance and targeting activities. Moreover, the increasing focus on accurate target detection and handling crucial missions is leading to the development of advanced radar systems. For instance, Israel Aerospace Industries Ltd has developed reconnaissance and targeting ELM-20600 RTP POD that efficiently detects, classifies, and precisely tracks and selects ground targets. Moreover, it includes inflight SAR images recording capabilities that ensure real-time target assessment. The increasing adoption of active electronically scanning array (AESA) technology that provides high reliability and low interception rate is further expected to bode well for the global airborne fire control radar market growth in the forthcoming years. REGIONAL INSIGHTS North America – The region stood at USD 891.41 million in 2020 and is projected to hold the highest position in the market during the forecast period. This is attributable to the presence of established airborne fire control radar manufacturers such as Northrop Grumman Corporation, Raytheon Technologies Corporation, and Lockheed Martin Corporation in the region. Europe – The market in the region is expected to showcase exponential growth backed by the growing demand for advanced airborne fire control radar systems by the Air Force of countries such as the U.K. and Germany between 2021 and 2028. Asia-Pacific – The increasing focus on the procurement of advanced 5th Generation fighter jets by China is expected to propel the product’s adoption in the region. Moreover, the surging demand for innovative UAVs is likely to contribute to the regional growth in the forthcoming years. COMPETITIVE LANDSCAPE Contract Signing by Major Companies to Strengthen Their Market Positions The market is witnessing fierce competition amongst the major companies operating in it. These companies are focusing on signing lucrative contracts to expand their airborne fire control radar portfolio. Moreover, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaboration that will favor the growth of the market in the forthcoming years. Industry Development: February 2021 - Hindustan Aeronautics Limited (HAL) announced the installation of the ELTA-sourced active electronically scanning radar in the Jaguar Darin III fighter jets. The company reports that the radar is primarily designed for air-to-air attack and provides solid-state active electronically scanning array technology.

The global gallium nitride (Gan) device market share is set to gain impetus from the high demand for fast chargers worldwide. The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period. The gallium nitride (GaN) device market refers to the market for electronic devices that are based on gallium nitride semiconductor technology. GaN devices offer a number of advantages over traditional silicon-based devices, including higher efficiency, faster switching speeds, and greater power density. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/gallium-nitride-gan-devices-market-103367 Drivers & Restraints- Gallium Nitride Device Market Expansion of Telecommunications Domain to Accelerate Growth The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth. Segment- Gallium Nitride Device Industry Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells. Regional Insights- Gallium Nitride Device Industry The gallium nitride (GaN) device market is a global market that is spread across various regions. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the major regions in the market. North America is the largest market for GaN devices, due to the presence of a large number of key players in the region. The increasing demand for GaN devices in the automotive and consumer electronics sectors is also driving the growth of the market in this region. The Asia-Pacific region is expected to witness the highest growth rate in the GaN device market during the forecast period. The growth in this region is primarily attributed to the increasing demand for power electronics in countries such as China, Japan, and South Korea. The region is also witnessing significant investments in research and development activities related to GaN devices. Competitive Landscape- Key Companies Focus on Winning New Contracts to Intensify Competition The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments: June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system.

The global Inertial Measurement Unit (IMU) Market size is projected to reach USD 24.91 billion by 2027, exhibiting a CAGR of 9.22% during the forecast period. The inertial measurement unit (IMU) market refers to the industry that produces and sells IMUs, which are electronic devices that measure and report a body's specific force, angular rate, and sometimes the magnetic field surrounding the body, using a combination of accelerometers, gyroscopes, and magnetometers. IMUs are used in a wide range of applications, including aerospace, navigation, robotics, automotive, and consumer electronics. The global IMU market has been growing steadily over the past few years and is expected to continue to grow in the coming years. Factors driving the growth of the IMU market include the increasing demand for IMUs in the aerospace and defense sectors, the rising adoption of automation and robotics in various industries, and the growing demand for consumer electronics such as smartphones and wearables. Information Source: https://www.fortunebusinessinsights.com/industry-reports/inertial-measurement-unit-market-101827 Market Driver There are several drivers contributing to the growth of the inertial measurement unit (IMU) market. Some of the key drivers include: Increasing demand from the aerospace and defense sector: IMUs are extensively used in aerospace and defense applications, such as aircraft, missiles, and unmanned aerial vehicles (UAVs). With the increasing demand for advanced defense systems and commercial aircraft, the demand for IMUs is also growing. Adoption of automation and robotics: The adoption of automation and robotics is increasing in various industries, such as automotive, manufacturing, and healthcare. IMUs are used in these industries to provide accurate information about the position and motion of objects, which is essential for the functioning of these systems. Growing demand for consumer electronics: IMUs are a critical component in consumer electronics such as smartphones, wearables, and gaming devices. The increasing demand for these devices is driving the demand for IMUs. Advancements in MEMS technology: The advancements in micro-electromechanical systems (MEMS) technology have led to the development of smaller, lighter, and more accurate IMUs. These advancements are making IMUs more accessible and affordable, which is driving the growth of the market. Increasing demand for autonomous vehicles: IMUs are used in autonomous vehicles to provide information about the vehicle's motion and orientation. With the increasing demand for autonomous vehicles, the demand for IMUs is also growing. Regional Insights North America to Lead the Charge; Asia-Pacific to Register Steady Growth North America, with a market size of USD 6.70 billion in 2019, is poised to dominate the inertial measurement unit market share during the forecast period owing to the strong presence of IMU manufacturers in the region. Moreover, the US is the highest defense spender in the world and is known to use some of the most advanced weaponry and surveillance technologies. These factors provide the necessary fodder for the growth of this market in the region. On the other hand, the market size in Asia-Pacific is anticipated to expand steadily on account of rising military spending in India and China. Other than this, the region is also experiencing surging usage of smartphones and other consumer electronics, which are the critical factors favoring market growth in the region. Competitive Landscape Growing Investment in R&D by Companies to Intensify Competition Development of IMUs requires innovation in engineering techniques and therefore, most players in this market are ramping up their R&D investment to enhance their innovation capabilities. This is also enabling them to strengthen their position in this market, diversify their portfolio, and expand globally. Industry Developments: January 2020: The Japanese electronics company, TDK Corporation, launched a family of inertial measurement units called InvenSense, featuring high performance and fault-tolerance capacities. Conceived for industrial applications, the novel offerings can measure three dimensions of rotation rate and three dimensions of linear acceleration. September 2019: Honeywell International, the US-based conglomerate, released HGuide, the company’s new world-class, lightweight, and low-cost IMU. The product is designed to withstand any environmental condition and caters to several application areas, including transportation, UAVs, surveying and mapping, robotics, and agriculture.

The global small satellite market size was valued at USD 4.90 billion in 2021 and reached USD 5.60 billion in 2022. According to a report titled "Small Satellite Market, 2022-2029" by Fortune Business Insights™, the market is anticipated to reach a valuation of USD 12.02 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 11.53% during the forecast period. The market growth is expected to be driven by the swift adoption of 3D printing technology for satellite manufacturing and the growing utilization of satellites across various industries. List of Key Players Profiled in the Report: Airbus S.A.S (Netherlands) The Boeing Company (U.S.) Lockheed Martin Corporation (U.S.) Northrop Grumman Corporation (U.S.) Sierra Nevada Corporation (U.S.) ST Engineering (Singapore) Thales Group (France) SPACEX (U.S.) L3Harris Technologies, Inc. (U.S.) Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917 Small Satellite Industry Segmentation: By Type: Miniature Satellite Micro Satellite Nano Satellite Pico Satellite Femto Satellite By Application: Communication Earth Observation Scientific Research Technology Development Mapping and Navigation Military and Defense Others By End-User: Commercial Civil Government Defense By Region: North America Europe Asia Pacific Latin America Middle East & Africa Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Robust Internet of Things Adoption in the Manufacturing Sector to Foster Market Progress Small satellites are objects developed and designed for earth observation, communication, navigation, and other purposes. Satellites are launched into several orbits that comprise Geostationary Earth Orbit (GEO), Medium Earth Orbit (MEO), and Low Earth Orbit (LEO) with the help of rockets. The robust Internet of Things (IoT) adoption in the manufacturing sector is expected to enhance satellite adoption. Furthermore, the rising adoption of satellites for transport, consumers, oil & gas, and mining is likely to fuel industry growth. These factors may drive the small satellite market growth. However, launch vehicle shortage is expected to hinder the market growth. Regional Insights Rising Research & Development Investments in NASA to Fuel Growth in North America North America is expected to dominate the small satellite market share due to rising research and development investments in NASA. The market size in North America stood at USD 2.53 billion in 2021 and is expected to gain a huge portion of the global market share in the coming years. Furthermore, the adoption of tri-band antenna and SKYWAN technology is expected to foster the industry’s progress. For example, CubeSat announced a launch initiative from its international space station for the 109th CubeSat in July 2020. In Europe, launching IoT services and the internet for numerous applications is expected to enhance the product adoption. Furthermore, the rising focus on executing and developing low-cost missions is expected to propel market growth. In Asia Pacific, strong demand from India, Japan, and China is expected to foster industry growth. Furthermore, the development of plans by ISRO is expected to foster the industry’s progress. Key Industry Development May 2022: Thales Alenia Space entered into a joint venture with Leonardo and Thales to complete tasks associated with the final integration of Orion’s European Service Module 4 essential systems.