#Armored Vehicle Market Demand

[lalsingh228-blog]

Armored Vehicle Market to enjoy 'explosive growth' to 2030

Latest business intelligence report released on Global Armored Vehicle Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Armored Vehicle market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis: Oshkosh Corporation (United States), UralVagonZavod (Russia), Ukroboronprom (Ukraine), General Dynamics Corporation (United States), BAE Systems plc (United Kingdom), NORINCO (China), Rheinmetall AG (Germany). Download Free Sample PDF Brochure (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/1792-global-armored-vehicle-market-1 Brief Overview on Armored Vehicle: The armored vehicle is a vehicle that is guarded by means of armor plate. The major companies are adding more proven technologies systematically and strategically in the Asia Pacific, Africa and the Middle East owing to increasing political pressure, hostile activities, and terrorism in this region. Moreover, growing defense spending by governments globally is likely to support the growth of the armored vehicles market. For instance, BAE Systems received a contract worth USD 376.0 million from the US Government for the development, engineering, and manufacturing of mobile protected firepower vehicles for use across the spectrum of terrains and operations. Key Market Trends: Technological Developments and Improvements towards Reducing the Weight and Size of Armored Vehicles Opportunities: Increasing Demand for Modular Armored Vehicles

Rising Demand from the Developing Economies

Market Growth Drivers: Increasing Incidences of Cross-Border Conflicts

Emphasizing On Military Modernization Plans

Challenges: Absence of OEMs in Emerging Economies Segmentation of the Global Armored Vehicle Market: by Platform (Combat Vehicles (Main Battle Tanks (MBTs), Infantry Fighting Vehicles (IFVs), Armored Personnel Carriers (APCs), Armored Amphibious Vehicles (AAVs), Others), Combat Support Vehicles (Armored Supply Trucks, Armored Command and Control Vehicles, Repair and Recovery Vehicles, Others), Unmanned Armored Ground Vehicles), Mobility (Wheeled (4x4, 6x6, 8x8, Others), Tracked), System (Engines, Drive Systems, Ballistic Armor, Composite Armor, Explosive Reactive Armor, Electric Armor, Others) Purchase this Report now by availing up to 10% Discount on various License Type along with free consultation. Limited period offer. Share your budget and Get Exclusive Discount @: https://www.advancemarketanalytics.com/request-discount/1792-global-armored-vehicle-market-1 Geographically, the following regions together with the listed national/local markets are fully investigated: • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (Saudi Arabia, UAE, South Africa)Furthermore, the years considered for the study are as follows: Historical data – 2017-2022 The base year for estimation – 2022 Estimated Year – 2023 Forecast period** – 2023 to 2028 [** unless otherwise stated] Browse Full in-depth TOC @: https://www.advancemarketanalytics.com/reports/1792-global-armored-vehicle-market-1

Summarized Extracts from TOC of Global Armored Vehicle Market Study Chapter 1: Exclusive Summary of the Armored Vehicle market Chapter 2: Objective of Study and Research Scope the Armored Vehicle market Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027 Chapter 5: Decision Framework Chapter 6: Market Dynamics- Drivers, Trends and Challenges Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 8: Appendix, Methodology and Data Source Buy Full Copy Armored VehicleMarket – 2021 Edition @ https://www.advancemarketanalytics.com/buy-now?format=1&report=1792 Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 sales@advancemarketanalytics.com

[warabidakihime]

From Setback to Comeback

Characters: Kageyama Tobio x Reader (a/n: honestly, i'm still thinking about this but now my heart's leaning towards kageyama the most, so-) Premise: Oshi no Ko/Mushoku Tensei-esque plot. | Reincarnation | Feel good fic with a DASH of angst | Eventual Smut | Happy Ending Synopsis: They were like puzzle pieces, intricately shaped to fit each other's broken edges, completing a picture that spoke of healing, understanding, and well, love. Chapters: 1/?

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Prologue

Dark clouds hung low in the sky as rain poured relentlessly, casting a gloomy atmosphere over the city.

The rhythm of droplets hitting the windows echoed the weight you carried on your shoulders. A young woman in her mid-20s, you were weathered by the storms of life, but despite the hardships you endured, there was an indomitable spirit within you—a flicker of resilience that refused to be extinguished.

Your journey had been anything but easy. From a young age, you faced adversity head-on, growing up in a tumultuous environment. As you grew older, your teenage years were overshadowed by mental health struggles. The weight of darkness threatened to consume you, but somehow you managed to prevail.

Through sheer determination and the support of a few cherished friends, you found a glimmer of hope that carried you through the darkest nights. You also found solace in the pages of books and the embrace of fictional worlds and other hobbies that kept you occupied and entertained.

In the present, you worked as a marketing executive, navigating the corporate world with a resilience that had become your armor. Despite the demands and pressures of the office, you held your ground, a force to be reckoned with. You poured your creative energy into campaigns and projects, finding purpose in each successful endeavor.

And as you embarked on your daily commute, you fetched your phone from your bag, eager to make the most of the long bus ride ahead. With a quick swipe and a pair of earphones, you immersed yourself in the latest Haikyuu episode, determined to make the most of your time despite the rain and the distance to your destination.

Season 1, Episode 20, played on the screen, with the familiar characters you had grown to love coming to life before your eyes. Hinata's infectious energy filled the air as he spiked the ball with determination, while Kageyama's precision and strategic genius mesmerized you with every toss. The intensity of the match between Karasuno and Aoba Johsai sent chills down your spine, and you found yourself rooting for your beloved team with all your heart. A soft smile tugged at your lips as you immersed yourself in the volleyball battles and camaraderie, finding inspiration in their unwavering determination.

As the bus journeyed through the storm, the world outside blurred, and the soft glow of your phone screen became the only anchor in the swirling chaos. Lost in the captivating scenes, you reveled in the anticipation of what lay ahead for the characters you admired.

But fate had other plans in store for you.

The bus skidded violently, its tires losing traction on the slick road. Panic erupted among the passengers as the vehicle careened out of control. The world around you spun into chaos, and within moments, the crash consumed everything.

Your vision blurred, and suddenly everything faded to black.

When you next opened your eyes, you were greeted by the sight of two unfamiliar faces. A woman with kind eyes smiled down at you, her voice filled with warmth. "Akane," she said softly, giving you a name that felt both strange and familiar. Confusion filled your thoughts as you tried to respond, only to find that your voice had been replaced by the innocent babbling of a baby.

The woman turned to the other person in the room, her eyes shimmering with tears. "Our daughter is so pretty," she whispered, her voice quivering with emotion. The realization slowly dawned on you—a reincarnation had taken place. You had been granted a second chance at life—a new beginning in this unfamiliar world.

And so, for the next few months of your newfound life, a montage of precious moments unfolded with your new family. The initial shock of being in an environment so vastly different from your previous life washed over you, but it was a pleasant surprise.

As someone who had endured hardships, the warmth and love that surrounded you felt like a dream come true. The tender love of your new parents enveloped you as they embraced the role of guardians with unwavering dedication. You watched with wide eyes as your two older siblings showered you with affection, guiding you through your first steps, words, and birthdays. The way they doted on you and included you in their games was a stark contrast to the solitude you had known. Laughter filled the air as your siblings guided you through playful adventures, introducing you to a world of joy and camaraderie you had longed for.

Your joy overflowed when you discovered the truth—you had been reborn in the Haikyuu universe. And how did you find out? Well, it turns out that your grandfather is none other than Washijo Tanji, the head coach of the Shiratorizawa Academy boys' volleyball team. The revelation caught you completely off guard, leaving you in a state of disbelief. You never imagined that the stern and grumpy coach could have such a soft spot for his youngest grandchild. As you observed him closely, you couldn't help but notice that he appeared significantly younger than he does in the actual series. This revelation filled you with excitement because it might meant that you had been reincarnated before the events of the series had even begun. You couldn't contain your joy at the thought of being the same age as some of the beloved characters from the show. You fervently prayed that you would find yourself in the same age group as the first years, or perhaps even the second years.

The realization manifested in the form of giggles and delighted shouts, leaving your family smitten by your adorable excitement during dinner time.

With each passing day, the gravity of your second chance became more apparent. The lost years of your previous life seemed to fade into the background as you embraced this new chapter. Challenges awaited, but armed with determination, you were ready to relive the moments you had missed and forge a new path towards happiness.

And so, as the sun continued to shine outside, you gazed into the future with hope in your heart. This was the beginning of your second chance, a journey of self-discovery, friendship, and perhaps even a touch of destiny. The pages of your new life awaited, ready to be filled with tales of triumph and growth.

[astralfrontier]

More Star Wars head canon

At one point in the Republic's history - the Clone Wars - all of their military equipment, from weapons to vehicles to armor, could be built to match the specifications of a single man.

Jango Fett is either left or right handed. He's this tall. His eyes are a certain distance apart. His particular diet is best served by including these nutrients. His ass sits most comfortably and safely in these kinds of piloting chairs.

At this moment in time, life was really good for the logistics chain.

Then we get the Empire, and all of this eventually changes.

You have recruits eating the standard rations and going "why the fuck is this dipping sauce a mixture of 43% mayo and 27% ketchup and the rest we can't even identify?"

At some point, there's a huge huge transport that is just full of chairs. It docks, they offload the chairs, tear out all the old fixed-sized ones from all the fighters, and put the new ones in. Not everything is perfect, though, so one day a pilot is chasing rebels and suddenly his chair comes unbolted from the fighter's frame and he bumps his helmeted head, and that's why Princess Leia got away with the Death Star plans.

There is a sudden glut of used Stormtrooper armor on the black market, wearable if you are (a) this one particular dude or (b) a tailor. There's a sudden demand for new, more flexible armor, and tools to resize the various parts of it.

All of this costs the Empire a monumental quantity of credits. Mid-level accountants bring this problem to their superiors, who say nothing about it to their managers, because after that one guy told Vader to pay up and got a crushed trachea for his trouble, saying nothing is the secret to a long life and healthy career. The executives who actually have to pay for this take two routes: sell a bunch of Clone War era gear to mercenaries and Rebels under the table to make up the difference, or detail a squad of goons and one guy in black robes and a hood and glowing red eyes to go deal with the company asking to get paid.

A few decades later, the people who make decisions like this are all gone, and the galaxy is better off for it. But until then, it's a wild ride.

[trendingrepots]

Carbon Fiber Market - Forecast (2024 - 2030)

Carbon Fiber Market Overview

Carbon Fiber Market size is forecast to reach $15.3 billion by 2030, after growing at a CAGR of 11% during 2024-2030. Carbon fiber is a high strength, low weight, high stiffness, conductive to electricity, and is one of the most corrosion and heat resistant material. Growing demand for lightweight products from aerospace & defense, automotive, and wind energy industries and minimizing carbon emissions are driving the market growth. Whereas, the growing building and construction sector in the emerging country is also driving the market growth. As carbon fiber is used primarily in the strengthening and reinforcement of concrete, steel, timber, and masonry. Furthermore, increasing demand for carbon fiber composite in consumer electronics has made the products lighter and thinner, and more textured is likely to drive the market growth. The carbon fiber market is witnessing a significant trend with an increased adoption in the automotive industry. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, carbon fiber composites offer a lightweight alternative to traditional materials. This shift is driven by the demand for electric and hybrid vehicles, where minimizing weight is crucial for optimizing energy efficiency and extending battery range. Carbon fiber's high strength-to-weight ratio contributes to improved vehicle performance and structural integrity. Moreover, advancements in manufacturing processes and cost reductions are making carbon fiber more economically viable for mass-produced automobiles. This trend signals a transformative shift in the automotive sector, with carbon fiber playing a pivotal role in the development of next-generation, sustainable transportation solutions. A notable development in the carbon fiber market is the increasing focus on sustainable production methods. With rising environmental concerns and a push for eco-friendly materials, carbon fiber manufacturers are exploring ways to minimize the environmental impact of their production processes. Innovations include the use of bio-based precursors, recycling of carbon fiber waste, and energy-efficient manufacturing techniques. This trend aligns with global efforts to achieve carbon neutrality and reduce the overall carbon footprint of industries. Sustainable carbon fiber production not only addresses environmental concerns but also caters to the growing demand for green products in various sectors, including aerospace, automotive, and renewable energy. As sustainability becomes a key consideration for businesses and consumers alike, the carbon fiber market is evolving to meet these changing expectations and contribute to a more environmentally responsible future.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 

Carbon Fiber Market Report Coverage

The report: “Carbon Fiber Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Fiber Industry. 

By Raw Material: Polyacrylonitrile Based (PAN), Pitch Based (Mesophase Pitch Based, and Petroleum Pitch Based), and Others (Ultra High Elastic Modulus (UHM), High Elastic Modulus (HM), and Low Elastic Modulus (LM)).

By Tow Type: Continuous, and Chopped.

By Application: Composite, Non-Composite, Molding Compound, Woven Fabric, and Others.

By End-Use Industry: Aerospace & Defense (Fighter Jets, Armored Vehicles, Commercial Jets, Rotorcraft, Satellites, and Others), Automotive (Interior, Exterior, and Others), Sporting Goods (Tennis Rackets, Golf Club, Hockey Sticks, Archery, Others), Energy and Power (Wind, Solar, and Others), Building & Construction (Residential, Commercial, and Others), Marine, Healthcare, Electric & Electronic, and Others.

By Geography: North America, South America, Europe, Asia-Pacific, and Middle East & Africa

Key Takeaways

Europe will continue to have the major share of total worldwide wind energy carbon fiber demand during the forecast period owing to its renewable energy targets and use of offshore wind capacity.

High price of carbon fiber is one of the factors that’s hindering the markets growth.

COVID-19 will hinder the markets growth, as the end use industry are facing a slow growth, hence reducing the demand for carbon fiber.

Carbon Fiber Market Segment Analysis - By Raw Material

Polyacrylonitrile Based (PAN) segment held the largest share of more than 65% in the carbon fiber market in 2023. The PAN based component offers various benefits like low density, high strength, high modulus, high-temperature resistance, wear resistance, corrosion resistance, fatigue resistance, creepage resistance, electric conduction, heat conduction, and far-infrared radiation. These properties of PAN make it suitable to use across various end-use industries like the aerospace & aviation industry, automotive industry, wind turbines, anti-flame materials & clothes, and sports equipment. Thus, growth in these end-use industries further drive the market growth.

Carbon Fiber Market Segment Analysis - By Tow

Continuous tow segment held the largest share of more than 60% in the carbon fiber market in 2023. Continuous tow is the most widely used tow, due to its weight, compatibility with resins, and various range of sizing available for optimal processing. These are heavy tows with 50,000 filaments, each of these tows have heavy mechanical properties, which can be transferred to the finished products and components to enhance their properties such as strength, durability and structural properties. Furthermore, Continuous tows provide cost advantage, especially when used in a high-volume process, increases the reliability of the end product, enhance production efficiency and can be merged with all thermoset and thermoplastic resin systems. Continuous tow also makes carbon fiber far superior to glass and aramid fibers because of their added strength & stiffness and are used in manufacturing wind turbines, industrial, and automotive manufacturing. Therefore, these properties & advantages of continuous tow will further drive its demand in the market.

Carbon Fiber Market Segment Analysis - By Application

Composite segment held the largest share of more than 55% in 2023 and is forecasted to be the most utilized application of carbon fiber. The high strength, high thermal & electrical conductivity, light weight, and high modulus properties of composite makes them suitable to use across aerospace & defense, automotive, sports, and wind turbine industry, which are ideal for its growth. According to a 2022 report released by Aerospace Industries Association (AIA), in 2022 American aerospace & defense industry export amounted for $100.4 billion, which rose by 11.2 percent from 2021. The other industry driving the markets growth is automobile industry. For instance, a report released by Indian Brand Equity Foundation (IBEF) in 2023, In the first quarter of 2023-24, total production of passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles was 6.01 million units. Furthermore, the growing demand for BMW i3 is also driving the market growth. As the BMW i3 is still the only car with a significant amount of carbon composite content.

[creativeera]

Electro Optical Targeting System Market Set for Rapid Growth Due to Increased Military Modernization Programs

The electro optical targeting system market comprises precision electro optic and infrared technologies that provide day and night targeting capabilities across air, land and naval platforms. EOTS offer enhanced situational awareness and precision strike abilities to armed forces worldwide. The growing emphasis on network centric warfare, target tracking and engagement has led to a surge in EOTS integration across fighter aircraft, helicopters, battle tanks and warships.

Global electro optical targeting system market is estimated to be valued at USD 13.96 Bn in 2024 and is expected to reach USD 20.18 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

Key Takeaways Key players operating in the electro optical targeting system market include BAE Systems, Elbit Systems, FLIR Systems, General Atomics, Harris Corporation, Hensoldt, Leonardo S.p.A., L3 Technologies, Northrop Grumman, and Raytheon Technologies. These market leaders have strong footholds across geographies and possess comprehensive EOTS capabilities from sensors to fully integrated targeting pods. The Electro Optical Targeting System Market Growth  offers significant opportunities owing to integration across emerging platforms such as unmanned combat vehicles, loitering munitions and space assets. Add-on considerations such as augmented reality overlays, targeting algorithms and deep learning are widening EOTS functional scopes. Furthermore, the demand for mobile and transportable EOTS from security forces and special operations is on the rise. The global expansion of EOTS suppliers and original equipment manufacturers is being driven by burgeoning defense budgets and military modernization programs across Asia Pacific, Middle East, Eastern Europe and Latin America. Partnerships with local defense firms are enabling international EOTS players to participate in co-development and offset programs. Market drivers The key driver for the Electro Optical Targeting System Companies growth is increased military modernization programs by major armed forces globally. Leading countries are aggressively procuring new generation aircraft, helicopters, Armored Vehicles and warships equipped with advanced EOTS. Furthermore, continuous upgradation of existing military hardware and platforms with improved targeting and sensor suites is propelling aftermarket revenues. Rising global threats, border conflicts and expansion of strategic deterrence roles have strengthened the business case for sophisticated EOTS among defense organizations.

PEST Analysis Political: The electro optical targeting system market is influenced by defense budgets and spending allocated by governments. Changes in defense priorities and geopolitical risks affects procurement of these systems. Economic: Economic growth impacts defense modernization plans of armed forces. Defense expenditure is dependent on macroeconomic conditions of nations. Social: Rising threats relating to security and terrorism drives demand for advanced targeting solutions for precision strikes. Growing awareness regarding national security concerns influences investments. Technological: The market is witnessing integration of computer vision, AI and connectivity features in electro optical targeting systems. Advanced sensors and technologies enable improved detection, tracking and engagement capabilities. Geographical Regions of Concentration North America holds the major share of the electro optical targeting system market in terms of value. This can be attributed to large defense budgets and ongoing modernization initiatives of US, Canada and Mexico. Significant expenditure on military hardware supports demand from regional armed forces and allied nations. Fastest Growing Region Asia Pacific is poised to witness the fastest growth during the forecast period. Rapid defense capability enhancement of China, India, Japan, South Korea and other nations is a key factor driving the market. Initiatives to develop indigenous manufacturing capacities along with import of advanced technologies will propel the APAC electro optical targeting system market.

Get more insights on Electro Optical Targeting System Market

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

[saltypeanutnerd]

Véhicules blindés, Prévisions de la Taille du Marché Mondial, Classement et Part de Marché des 20 Premières Entreprises

Selon le nouveau rapport d'étude de marché “Rapport sur le marché mondial de Véhicules blindés 2024-2030”, publié par QYResearch, la taille du marché mondial de Véhicules blindés devrait atteindre 28360 millions de dollars d'ici 2030, à un TCAC de 4,8% au cours de la période de prévision.

Figure 1. Taille du marché mondial de Véhicules blindés (en millions de dollars américains), 2019-2030

Selon QYResearch, les principaux fabricants mondiaux de Véhicules blindés comprennent General Dynamics, BAE Systems, Rheinmetall, China North Industrial, Oshkosh, Nexter Systems, Hyundai Rotem, Uralvagonzavod, FNSS, STREIT Group, etc. En 2022, les dix premiers acteurs mondiaux détenaient une part d'environ 70,0% en termes de chiffre d'affaires.

Figure 2. Classement et part de marché des 20 premiers acteurs mondiaux de Véhicules blindés (Le classement est basé sur le chiffre d'affaires de 2022, continuellement mis à jour)

The Armored Vehicles market, which encompasses a wide range of vehicles designed for protection against ballistic attacks and explosive devices, is witnessing growth due to several key drivers:

: The persistent threat of terrorism, asymmetric warfare, and civil unrest worldwide has led to increased demand for armored vehicles by military forces, law enforcement agencies, and private security firms.

: Many countries are investing in modernizing their military capabilities, including replacing aging fleets with technologically advanced armored vehicles that offer improved protection, mobility, and firepower.

: The shift towards urban warfare has emphasized the need for highly maneuverable and well-protected armored vehicles capable of operating effectively in congested city environments.

: International peacekeeping forces and organizations involved in humanitarian aid often require armored vehicles to ensure the safety of personnel in unstable regions.

: The growth of the private security industry, particularly in regions with high crime rates or in the protection of VIPs, has fueled demand for armored passenger vehicles and cash-in-transit vehicles.

: Innovations in materials science, such as lightweight composites and advanced armor solutions, improve vehicle performance while maintaining or enhancing protection levels, making armored vehicles more attractive.

: Governments are investing in homeland security measures, including the procurement of armored vehicles for border patrol, emergency response, and critical infrastructure protection.

: Economic growth in certain regions leads to increased defense budgets, allowing for the acquisition of new armored vehicles and upgrades to existing fleets.

: Countries with strong defense industries are capitalizing on export opportunities to nations seeking to enhance their defense capabilities, further expanding the global market.

: The need for effective response to threats posed by non-state actors, such as insurgent groups and terrorists, has led to the development and deployment of specialized armored vehicles suited for counter-insurgency operations.

These drivers indicate a robust and evolving market for armored vehicles, reflecting the ongoing need for advanced protection solutions in various security and military contexts worldwide.

À propos de QYResearch

QYResearch a été fondée en 2007 en Californie aux États-Unis. C'est une société de conseil et d'étude de marché de premier plan à l'échelle mondiale. Avec plus de 17 ans d'expérience et une équipe de recherche professionnelle dans différentes villes du monde, QYResearch se concentre sur le conseil en gestion, les services de base de données et de séminaires, le conseil en IPO, la recherche de la chaîne industrielle et la recherche personnalisée. Nous société a pour objectif d’aider nos clients à réussir en leur fournissant un modèle de revenus non linéaire. Nous sommes mondialement reconnus pour notre vaste portefeuille de services, notre bonne citoyenneté d'entreprise et notre fort engagement envers la durabilité. Jusqu'à présent, nous avons coopéré avec plus de 60 000 clients sur les cinq continents. Coopérons et bâtissons ensemble un avenir prometteur et meilleur.

QYResearch est une société de conseil de grande envergure de renommée mondiale. Elle couvre divers segments de marché de la chaîne industrielle de haute technologie, notamment la chaîne industrielle des semi-conducteurs (équipements et pièces de semi-conducteurs, matériaux semi-conducteurs, circuits intégrés, fonderie, emballage et test, dispositifs discrets, capteurs, dispositifs optoélectroniques), la chaîne industrielle photovoltaïque (équipements, cellules, modules, supports de matériaux auxiliaires, onduleurs, terminaux de centrales électriques), la chaîne industrielle des véhicules électriques à énergie nouvelle (batteries et matériaux, pièces automobiles, batteries, moteurs, commande électronique, semi-conducteurs automobiles, etc.), la chaîne industrielle des communications (équipements de système de communication, équipements terminaux, composants électroniques, frontaux RF, modules optiques, 4G/5G/6G, large bande, IoT, économie numérique, IA), la chaîne industrielle des matériaux avancés (matériaux métalliques, polymères, céramiques, nano matériaux, etc.), la chaîne industrielle de fabrication de machines (machines-outils CNC, machines de construction, machines électriques, automatisation 3C, robots industriels, lasers, contrôle industriel, drones), l'alimentation, les boissons et les produits pharmaceutiques, l'équipement médical, l'agriculture, etc.

[industrynewsupdates]

Cash-in-Transit Services Procurement Intelligence: Driving Business Growth

The cash-in-transit (CIT) services category is expected to grow at a CAGR of 7.9% from 2023 to 2030. APAC region holds the largest share in this category. The cash-in-transit service category is driven by a number of factors which includes the increasing number of totally automated cash-in-transit machines in developing countries, the rise in acceptance of virtual money, the large risk of demolition of banknotes due to physical damage, the increasing flow of cash in the vault for cash management, the rising deployment of ATMs, the increasing cash demand from emerging economies, and the increasing income of the population. These factors are expected to boost the growth of the category in the forecast period.

Mobile ATMs are a new trend in the CIT service category. These ATMs can be moved from location to location. This makes them ideal for meeting consumer demand in areas where there are no traditional ATMs. Major companies operating in this category are focused on introducing mobile ATMs. For instance, in May 2021, HDFC Bank, an Indian banking company, deployed mobile ATMs to provide innovative services to its customers. The mobile ATMs eliminate the need for people to withdraw cash in limited or sealed locations. Thus, customers can complete more than 15 different types of transactions using the mobile ATM.

The cash-in-transit (CIT) industry is highly competitive, with the top five suppliers constituting to more than 50 percent of the global market. Brink's is the leading supplier, followed by Prosegur, Loomis, Garda World, and G4S. More than 500 regional or local suppliers occupy the other 44 percent of the market. This supply landscape makes it favorable for mergers and further industry consolidation. The undifferentiated nature of services in the CIT industry forces suppliers to reduce prices to beat the competition. For instance,

• In July 2022, Prosegur Cash and Armaguard Group have agreed to merge in order to form a sustainable and secure cash-in-transit business in Australia.

The largest cost components in the CIT services industry are labor, vehicles, insurance, and technology. These costs are incurred due to the need for highly trained and experienced personnel, specialized vehicles, and specialized technology to safely transport cash. The cost of labor is the largest cost component, accounting for an estimated 60-70% of total costs. This is due to the need for highly trained and experienced personnel to safely transport cash. The cost of vehicles is the second largest cost component due to the need for specialized vehicles that are designed to safely transport cash. The cost of armored vehicles varies between USD 25,000 to 80,000 depending on the size, capacity, and other particular specifications of the vehicle.

Order your copy of the Cash-in-Transit Services Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Cash handling and transaction services can be outsourced to specialists who can provide these services with precision and security. This is because specialist service providers can continuously implement new technologies, such as the CIT Tracker, which is a covert device that alerts security personnel when theft occurs. The CIT Tracker also supports in recovering assets and apprehending criminals. Both India and China have a large workforce and a low cost of labor. This means that the cost of cash-in-transit services in these countries is relatively low. Additionally, there are many local manufacturers of armored vehicles in both countries, which further lowers the cost of vehicles. The cost of insurance is also relatively low in both countries. For sourcing CIT services, in addition to doing research and getting quotes, organizations can also get recommendations from peers, look for providers accredited by industry associations, and ask about contingency plans in case of incidents such as thefts. These are all good ways to ensure that a cash-in-transit provider meets high standards and can protect cash in the event of an emergency. 

Cash-in-Transit Services Procurement Intelligence Report Scope

• Cash-in-Transit Services Category Growth Rate: CAGR of 7.9% from 2023 to 2030

• Pricing growth Outlook: 6 - 8% (annual)

• Pricing Models: Fixed fee pricing model, Unit pricing model, Value-based pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier selection criteria: Pricing, reputation, compliance, security, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• ATM Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Payment Processing Solutions Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key companies profiled

• Brink’s Incorporated

• Cash Logistik Security AG

• CMS Info Systems Ltd.

• G4S Limited

• GardaWorld

• Global Security Logistic Co.

• Security and Intelligence Services Ltd.

• Loomis AB

• Prosegur

• Cash in Transit Solutions Pty Ltd.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[rutujamnm]

Armor Materials Market worth $16.1 billion by 2027

The report "Armor Materials Market by Materials Type (Metals & Alloys, Ceramics, Composites, Para-Aramid Fibers, UHMWPE, Fiberglass), Application (Vehicle, Aerospace, Body, Civil, Marine), & Region (Asia Pacific, North America, Europe, South America) – Global Forecast to 2027", size was USD 11.0 billion in 2021 and is projected to reach USD 16.1 billion by 2027, at a CAGR of 6.6% from 2022 to 2027.

Download pdf-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25444492

The market is projected to grow because of the expanding use of lightweight aluminum alloys in military vehicles like troop carriers. Lightweight aluminum alloys are utilized for equipment transportation, especially air transport for military vehicles, due to their superior performance. The government's growing concern over safety issues has also resulted in new investments in body armor for law enforcement and military personnel, expanding the market for armor materials.

 Vehicle armor was the largest application of the armor materials market, in terms of value, in 2021

Due to the increasing use of lightweight aluminum alloys in military vehicles like personnel carriers, which will spur market growth, the vehicle armor segment accounted for largest share in 2021, in terms of value. Lightweight aluminum alloys are utilized for equipment transportation, especially air transport for military vehicles, due to their superior performance.

Metals & alloys is estimated to be the largest material type of the armor materials, in terms of value, during the forecast period.

Metals and alloys, ceramics, composites, para-aramid fiber, ultra-high-molecular-weight polyethylene, fiberglass, and others are the different market segments based on the material type. During the projection period, Metals & Alloys are projected to hold the largest market share for armor materials. The metals utilized as armor materials for diverse applications, such as vehicle, aircraft, body, civil, and marine armor systems, include high-density steel, titanium, aluminum, and their alloys.

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North America is estimated to be the largest market for the armor materials market, in terms of value, during the forecast period.

North America is projected to be the largest market for armor materials, driven by the US Army's constant need for advanced armor systems and the spike in demand for homeland security applications. Rising geopolitical and bilateral tensions exist among the major countries. Also, the rise in terrorist operations has resulted in a rise in the purchase of armor materials to produce defense gear.

The key players profiled in the report include DuPont De Nemours, Inc. (US), Teijin Limited (Japan), 3M Company (US), ATI, Inc. (US), and Honeywell International Inc. (US).

[amrutmnm]

The Growing Demand for Military Actuators: A Market Forecast and Overview

The Military Actuators Market is set to experience steady growth over the forecast period from 2019 to 2024. With an expected increase from USD 1.1 Billion in 2019 to USD 1.4 Billion by 2024, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.79%. This growth can be attributed to the increasing demand for efficient and reliable actuation systems within the aerospace and defense sectors. As the industry shifts towards more advanced and integrated solutions, military actuators are becoming essential components in various applications, including flight control, gun positioning, and armored vehicle systems. This comprehensive report provides an in-depth analysis of the market size, trends, drivers, challenges, opportunities, and key players shaping the Global Military Actuators Industry.

1. Market Overview

1.1 Market Size and Growth

The global military actuators market is forecasted to grow significantly, reaching a market size of USD 1.4 billion by 2024. This growth is driven by several key factors:

Advancements in Aerospace & Defense Technology: The continuous evolution of technology in the aerospace and defense sectors is a primary driver. As military operations become more sophisticated, the demand for advanced actuator systems that offer precision, reliability, and efficiency is increasing.

Shift Towards Electrical Actuators: Electrical actuators are gaining popularity due to their advantages over traditional hydraulic actuators. These include lighter weight, improved performance, enhanced security, and reduced maintenance costs. The shift towards electrical actuators is contributing to the overall market growth.

Increased Military Spending: Rising defense budgets globally are leading to increased investments in modernizing military equipment, further driving the demand for high-performance actuators.

1.2 Geographical Insights

The military actuators market is witnessing growth across different regions, with significant contributions from North America, Europe, Asia-Pacific, and the Rest of the World.

North America: North America is expected to lead the market during the forecast period. The presence of major combat aircraft manufacturers, such as Lockheed Martin and Northrop Grumman, as well as leading actuation system providers like UTC and Honeywell, is driving market growth in this region. Additionally, substantial defense budgets and ongoing technological advancements are contributing to the dominance of North America in the military actuators market.

Europe: The European market is experiencing steady growth due to increased defense spending and technological innovations. Countries like the UK, Germany, and France are investing in modernizing their military forces, which is driving the demand for advanced actuator systems.

Asia-Pacific: The Asia-Pacific region is witnessing rapid growth, driven by the expansion of military capabilities in countries such as China and India. The increasing focus on enhancing defense infrastructure and the procurement of advanced military equipment are contributing to the growth of the actuators market in this region.

Rest of the World: The Middle East, Africa, and Latin America are also seeing an increase in military investments, leading to a growing demand for military actuators in these regions.

1.3 Market Segmentation

The military actuators market is segmented based on system type, component type, and end-user applications.

1.3.1 System Type Segmentation

Hydraulic Actuators: The hydraulic actuators segment is expected to be the largest contributor to the market during the forecast period. These actuators are powered by pressurized liquids and are widely used in gun positioning and armored plate positioning applications. Despite being more rugged and capable of producing greater force than pneumatic actuators, hydraulic actuators may involve additional maintenance costs due to oil leakage issues.

Electrical Actuators: Electrical actuators are gaining traction due to their lightweight design and improved performance. They are increasingly being used in flight control systems and other applications where energy efficiency is critical.

Pneumatic Actuators: While less powerful than hydraulic actuators, pneumatic actuators offer advantages in certain applications where cleanliness and safety are priorities.

1.3.2 Component Type Segmentation

Cylinders: The cylinders segment is projected to lead the market during the forecast period. Various types of cylinders, such as DOT high-pressure cylinders and ISO high-pressure cylinders, are essential components used in military actuators. These cylinders are widely used in military vehicles for transporting, storing, and dispensing gases.

Motors and Pumps: Motors and pumps are integral components that provide the necessary force and motion for actuator systems.

Valves and Other Components: Valves and other components play crucial roles in controlling the flow and pressure of fluids in hydraulic and pneumatic actuators.

1.3.3 End-User Applications Segmentation

Aerospace and Defense: The aerospace and defense sectors are the primary end-users of military actuators. These actuators are used in aircraft control systems, missile launch systems, and other critical military applications.

Land Systems: Actuators are used in armored vehicles, tanks, and other land-based military systems for various positioning and control applications.

Naval Systems: Military actuators are employed in naval systems for applications such as missile launch systems, torpedo deployment, and other control systems.

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2. Market Trends

2.1 Technological Advancements

Technological advancements are shaping the military actuators market:

Integration of Smart Technologies: The integration of smart technologies, such as IoT and AI, is enhancing the capabilities of military actuators. These technologies enable real-time monitoring, predictive maintenance, and improved performance.

Development of Lightweight Materials: The development of lightweight materials for actuators is reducing the overall weight of military equipment, improving mobility and fuel efficiency.

Advancements in Electrical Actuators: The shift towards electrical actuators is driven by advancements in electrical motor technologies, offering better performance and reduced maintenance compared to hydraulic systems.

2.2 Increasing Demand for Electrical Actuators

The demand for electrical actuators is on the rise due to several advantages:

Energy Efficiency: Electrical actuators are more energy-efficient compared to hydraulic actuators, making them ideal for applications where power consumption is a concern.

Reduced Maintenance: Electrical actuators require less maintenance, as they do not involve fluid systems that can leak or require frequent servicing.

Improved Performance: Electrical actuators offer precise control and faster response times, making them suitable for critical military applications.

2.3 Focus on Reliability and Safety

The focus on reliability and safety is a key trend in the military actuators market:

Robust Design: Actuators are being designed to withstand harsh environmental conditions and demanding military applications.

Enhanced Security Features: Advanced security features are being integrated into actuator systems to prevent unauthorized access and ensure operational integrity.

2.4 Market Expansion in Emerging Economies

Emerging economies are witnessing increased investments in defense infrastructure:

Rising Defense Budgets: Countries in Asia-Pacific, the Middle East, and Latin America are increasing their defense budgets, leading to greater demand for military actuators.

Modernization of Military Forces: Emerging economies are focused on modernizing their military forces, driving the need for advanced actuation systems.

3. Industry Drivers

3.1 Increasing Defense Spending

Rising defense spending globally is a major driver of the military actuators market:

Modernization of Military Equipment: Nations are investing in modernizing their military equipment, leading to increased demand for advanced actuators.

Expansion of Military Capabilities: The need to enhance military capabilities is driving the procurement of high-performance actuation systems.

3.2 Demand for Efficient and Reliable Systems

The demand for efficient and reliable systems is driving the growth of the military actuators market:

Precision and Accuracy: Actuators play a critical role in ensuring precision and accuracy in military operations, driving demand for high-performance systems.

Reduced Downtime: Reliable actuator systems minimize downtime and enhance the operational readiness of military forces.

3.3 Technological Advancements in Actuation Systems

Technological advancements are propelling the growth of the military actuators market:

Integration with Advanced Control Systems: Actuators are being integrated with advanced control systems for improved performance and operational efficiency.

Development of Smart Actuators: The development of smart actuators with real-time monitoring and diagnostics capabilities is enhancing the overall performance and reliability of military systems.

3.4 Shift Towards Electrical Actuators

The shift towards electrical actuators is a significant driver of market growth:

Reduced Environmental Impact: Electrical actuators have a lower environmental impact compared to hydraulic systems, aligning with sustainability goals.

Improved Operational Efficiency: The efficiency and precision of electrical actuators contribute to improved operational performance in military applications.

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4. Challenges in the Market

4.1 High Initial Costs

High initial costs pose a challenge to the adoption of advanced actuators:

Investment Requirements: The development and implementation of advanced actuator systems require significant investments, which can be a barrier for some military organizations.

Budget Constraints: Budget constraints in certain regions may limit the procurement of high-cost actuator systems.

4.2 Maintenance and Repair Challenges

Maintenance and repair challenges can impact the operational efficiency of actuator systems:

Complex Maintenance Procedures: Hydraulic actuators, in particular, may require complex maintenance procedures due to issues such as fluid leakage and component wear.

Availability of Skilled Personnel: The availability of skilled personnel for maintenance and repair can be a challenge, especially in remote or challenging environments.

4.3 Regulatory and Compliance Issues

Regulatory and compliance issues can impact the deployment of actuator systems:

Compliance with Safety Standards: Ensuring compliance with safety standards and regulations is essential for the deployment of military actuators.

Navigating Export Controls: Export controls and regulations can impact the international trade of actuator systems.

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5. Opportunities in the Market

5.1 Emerging Markets and Technological Advancements

Emerging markets and technological advancements present significant opportunities for growth:

Expansion in Emerging Economies: The expansion of military capabilities in emerging economies offers opportunities for market growth.

Technological Innovations: Ongoing technological innovations are creating new opportunities for the development of advanced actuator systems.

5.2 Integration with Advanced Systems

The integration of actuators with advanced systems offers growth opportunities:

Collaboration with Aerospace and Defense Industries: Collaboration with aerospace and defense industries can lead to the development of integrated solutions that enhance operational capabilities.

Development of Smart Systems: Developing smart systems with real-time monitoring and control capabilities is a promising Growth area.

5.3 Focus on Sustainability

The focus on sustainability presents opportunities for the development of eco-friendly actuator systems:

Development of Green Technologies: The development of green technologies and sustainable solutions is gaining traction in the military actuators market.

Reduced Environmental Impact: The focus on reducing the environmental impact of military operations is driving the demand for sustainable actuator systems.

6. Competitive Landscape

The Military Actuators Market is characterized by the presence of key players, including Curtiss-Wright, Moog, Parker Hannifin, Honeywell, Triumph Group, Meggitt, Venture Mfg. Co, Kyntronics, and Nook Industries. These companies are investing in research and development, strategic partnerships, and innovative solutions to gain a competitive edge in the market.

6.1 Key Market Players

Curtiss-Wright (US): Curtiss-Wright is a leading player in the military actuators market, offering a wide range of high-performance actuation systems.

Moog (US): Moog is known for its advanced motion control solutions and innovative actuator technologies.

Parker Hannifin (US): Parker Hannifin is a specialist in electromechanical actuators and is expected to be a major supplier in the market.

Honeywell (US): Honeywell offers a comprehensive portfolio of actuation solutions for military applications, focusing on reliability and performance.

Triumph Group (US): Triumph Group provides innovative aerospace and defense solutions, including advanced actuator systems.

Meggitt (UK): Meggitt is a global leader in aerospace and defense technologies, offering cutting-edge actuation systems.

Venture Mfg. Co (US): Venture Mfg. Co specializes in precision-engineered actuator solutions for military applications.

Kyntronics (US): Kyntronics is known for its innovative actuator technologies and advanced control solutions.

Nook Industries (US): Nook Industries provides a wide range of actuation solutions for aerospace and defense applications.

6.2 Strategic Partnerships and Innovations

Strategic partnerships and innovations are key strategies adopted by market players:

Partnerships for Advanced Solutions: Companies are forming partnerships to develop advanced solutions that meet the evolving needs of the military actuators market.

Innovations in Actuator Technologies: Continuous innovations in actuator technologies are driving market growth and enhancing operational capabilities.

The military actuators market is poised for significant growth, driven by technological advancements, increased defense spending, and the demand for efficient and reliable systems. While challenges such as high initial costs and maintenance issues exist, the market presents ample opportunities for growth and innovation.

Key players are focusing on strategic partnerships, technological innovations, and the development of sustainable solutions to gain a competitive advantage. As the industry evolves, the integration of smart technologies and the shift towards electrical actuators will play a crucial role in shaping the future of the military actuators market.

The global military actuators market is set to experience steady growth over the forecast period, with significant contributions from key regions and industry players. As the market continues to evolve, the focus on advanced technologies, sustainability, and operational efficiency will drive the development of next-generation actuator solutions for military applications.

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[futuristicpaintercat]

Aramid Fibers Market Poised to Grow Substantially Driven by Rising Demand from Aerospace and Defense Industries

The global aramid fibers market is estimated to be valued at US$ 5123.58 Mn in 2024 and is expected to exhibit a CAGR of 17.% over the forecast period from 2024 to 2031.

Aramid fibers are high-performance synthetic fibers known for their superior mechanical, thermal, and chemical resistant properties. They find wide applications across aerospace, defense, security & protection, and friction & sealing among other industries. The rising demand for lightweight and high strength materials from the aerospace & defense sectors has been a key driver of growth for aramid fibers. Key Takeaways Key players operating in the aramid fibers market are Essilor International, Johnson & Johnson Vision, CooperVision, Hoya Corporation, Zeiss Group, Bausch + Lomb, Menicon Co., Ltd., SEED Co., Ltd., Alcon (Novartis), Visioneering Technologies Inc., Paragon Vision Sciences, Euclid Systems Corporation, Art Optical Contact Lens Inc., SynergEyes Inc., Nevakar Inc. The key opportunities in the aramid fibers market include increasing demand from emerging economies and rising focus on development of bio-based and eco-friendly aramid fibers. Technological advancements have led to production of nanometer diameter aramid fibers with superior tensile strength and flexibility. Market Drivers The main driver for the Aramid Fibers Market Share is the rising demand from the aerospace and defense industries. Aramid fibers find widespread application in aircraft components owing to their high strength to weight ratio. They help reduce weight and achieve substantial fuel savings. The growing defense budgets and increasing procurement of advanced fighter jets, helicopters, ships and armored vehicles are driving consumption. Additionally, stringent safety norms have boosted the use of aramid fiber-based products in bulletproof jackets, helmets and other protective gear.Current challenges in the Aramid Fibers Market The Aramid Fibers market is facing many challenges currently due to fluctuations in raw material prices and supply shortages as well as disruptions caused by the global pandemic. Major raw materials used in making aramid fibers such as p-phenylenediamine (PPD) and terephthalic acid (TPA) have seen significant price volatility in recent years making production planning difficult. Supply chain bottlenecks have also increased leading to delays and cost overruns for manufacturers. The pandemic has further exacerbated these issues causing labor shortages and disruptions across different regions impacting the overall market growth negatively.

Get more insights on Aramid Fibers Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[poonamcmi]

Secure Logistics Market is Estimated to Witness High Growth Owing to Increasing Concern for Safety and Security of Valuables

Secure logistics refers to the transportation and delivery of valuables securely with necessary precautionary measures. The secure logistics market involves providing transportation for cash, jewelry, precious metals and several other high-value items securely. The secure logistics offers safeguarded services for the delivery of valuables to various destinations. Features like real-time tracking, armed guards, alarm systems and surprise checks ensure protection during transit. The increasing concern regarding safety and security of valuable goods in transit and limited storage facilities is a major factor driving demand in the secure logistics market.

The global secure logistics market is estimated to be valued at US$ 103.62 Mn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the secure logistics market are Garda World, Brinks, Securitas, G4s, and Loomis. Garda World is one of the leading security companies globally providing secure transportation facilities.

The growing e-commerce industry generating demand for safe delivery of high-value items is a key opportunity in the Secure Logistics Market Demand  Also, increasing cash handling requirements of organizations is promoting adoption of secure logistics services.

The market players are focusing on expanding their global footprint by entering emerging markets of Asia and South America. Partnerships with local players help international players to strengthen global supply chains.

Market Drivers The increasing incidents of theft, burglary, and attacks on cargo and vehicles transporting valuables have raised concerns regarding safety and security. This is a major driver promoting adoption of secure logistics services for protection during transit. Strict government regulations regarding safety and security of valuable goods are further necessitating adoption of secure logistics.

PEST Analysis

Political: Secure Logistics Market Size And Trends is influenced by political regulations related to transportation of valuables, cash, and other important documents across borders.Changes in import-export policies impact cross border movements.

Economic: Economic growth, rise in disposable income leads to increased transportation of goods and valuables driving demand for secure logistics. Recession impacts industries relying on secure logistics.

Social: Digitalization trend increased online shopping raising need for secure delivery of goods.Also, rising crime rates increase safety concerns boosting secure transportation. Technological: Advancements like GPS tracking, biometrics, video surveillance enhanced security and monitoring during transit. Telematics improved fleet management and security. Blockchain increased transparency.

Geographical regions with high market concentration The secure logistics market in terms of value is highly concentrated in North America and Europe. In North America, U.S holds majority market share owing to large number of cash handling and armored vehicles transportation companies. Major European countries like U.K, Germany, and France account for over 40% of European market. Large banking sector and high ownership of precious metals and jewelry in these regions increase security requirements.

Fastest growing regional market

The Asia Pacific region is expected to witness fastest growth in the secure logistics market during the forecast period. This is attributed to expansion of banking, retail, and manufacturing sectors in emerging economies of China, India and other ASEAN countries. Additionally, initiatives by governments to modernize transportation infrastructure will also support market growth in the region. Get More Insights On, Secure Logistics Market About Author: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[digitalwibe]

South Korea Armored Vehicle Fire Suppression Systems Market Insights 2024-2032

The South Korean armored vehicle fire suppression systems market is set to experience significant growth from 2024 to 2032, driven by technological advancements, increasing defense investments, and a focus on enhancing military capabilities. South Korea is emerging as a key player in the global defense sector, and understanding the market insights can help stakeholders capitalize on opportunities.

Market Insights

Technological Innovations: South Korea is rapidly advancing in defense technology, including armored vehicle fire suppression systems. Innovations such as automated fire detection, high-efficiency suppression agents, and integrated systems are driving market growth. These advancements are crucial for improving the safety and operational effectiveness of armored vehicles.

Defense Spending and Modernization: South Korea's focus on modernizing its military and increasing defense spending supports the demand for advanced fire suppression systems. The government’s commitment to enhancing military capabilities through upgraded armored vehicles creates opportunities for manufacturers and suppliers.

Key Market Players: Major players in the South Korean market include Korea Aerospace Industries (KAI), Hanwha Aerospace, and LIG Nex1. These companies are at the forefront of developing and supplying fire suppression systems, contributing to market growth. Understanding their strategies, product offerings, and market positions can provide valuable insights for stakeholders.

Regulatory Environment: South Korea’s defense sector adheres to stringent regulations, which impacts the development and deployment of fire suppression systems. Compliance with these regulations ensures product reliability and safety, offering a competitive edge in the market.

Market Forecast

The South Korean armored vehicle fire suppression systems market is projected to grow at a compound annual growth rate (CAGR) of approximately 7-9% from 2024 to 2032. This growth is supported by advancements in technology, increased defense investments, and a focus on enhancing military capabilities.

Opportunities for Stakeholders:

Technological Leadership: Investing in advanced technologies and innovative solutions can attract high-value contracts and enhance market position.

Partnerships and Collaborations: Collaborating with South Korean defense contractors and military agencies can lead to valuable business opportunities and market expansion.

Export Potential: Leveraging South Korea’s growing defense sector to explore international markets can enhance revenue potential.

Challenges:

Competitive Landscape: The market is competitive, requiring continuous innovation and strategic differentiation to remain competitive.

Regulatory Compliance: Ensuring adherence to defense regulations and standards is essential for securing contracts and maintaining market credibility.

About US

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[para-imperium]

Horizon: Rebuilt, Chapter 14

Horizon looked over her shoulder anxiously as she attached the portable hydrogen tank to the pump. Her paychip should still have had enough sacs on it to pay for the fuel, this was technically completely legal, but she still couldn’t take the chance that anyone might recognize her under her holograms. The safety collar locked over the nozzle after she inserted the paychip and Horizon groaned as she watched the numbers rise on the readout.

Just to keep herself busy Horizon turned to glance around the fuel depot again. There were a couple more ground vehicles besides her van, one at the electrical charging station and another fueling up on ethane. Pure hydrogen fuel was typically reserved for aerospacecraft, or those who didn’t want to be seen on IR sensors. She made sure the attendant was still focused on her tablet, then allowed her focus to drift. Sam, she thought. How much longer can we stretch out our funds?

“Considering we haven’t had any new income in the past two months,” the AI answered. “And our food and energy consumption… I would estimate a month. Maybe six weeks if we stretch our reserves out.”

The raccoon grumbled. The Friendlies had been very generous in allowing her and Shawn to keep the cash they’d withdrawn for that ill-fated black market transaction, but living “off the grid” was proving expensive on Surtur. How could we extend our reserves? She asked.

“For starters we could ditch the nerd,” Sam suggested.

Out of the question, Horizon snarled silently.

“Are you sure,” Sam’s avatar appeared in the middle of her field of view. “Has he been any help since you set out on your own? His implants haven’t even developed very far in all these months.”

Horizon slammed a fist into the side of the pump. We are not letting them get any more of our people, visions of Jenny being carried off by a power armored goon played in front of her eyes. No more.

“Fine then,” the illusion of a red panda shrugged. “I guess we’ll just steal stuff.”

I can live with that, the raccoon replied. So long as it’s from the Company or someone else who deserves it.

“That’s doable then,” Sam turned around to look behind her. “You might as well start here.”

The AI blinked out of view and Horizon saw the attendant’s booth behind her. Said attendant had dropped his tablet and picked up a stun rod while Sam had been blocking her view. Horizon glanced back at the pump and noticed the dent her fist had made in the side.

“Damnit,” she sighed out loud. “I was hoping I could get through the month without getting into any fights.”

The attendant, a large and shaggy donkey of some sort, swung open the door to his booth and advanced towards her. “Who the Hel are you?” he shouted. “And why are you wearing that hologram?”

Horizon sized him up, she should be able to knock him out quickly, faster if she wasn’t careful about leaving him alive. Though the apparent fact that he’d somehow seen through her hologram disturbed her. He started to raise his bludgeon and Horizon leapt forward. She bent his arm at the elbow, slamming the stun rod into his own forehead. The equine convulsed for a few moments, then collapsed.

What the Hel just happened? Horizon demanded. How did he know that I was wearing a hologram?

“Sorry about that,” Sam answered, sounding a bit sheepish. “Your suit glitched for a moment when you backhanded that pump.”

Well this is just great, the raccoon picked up the stun rod, prying it out of the unconscious attendant’s hands. As she stood back up she spotted the other vehicles at the depot racing off. Might as well start my life of crime now, she thought with a sigh.

Horizon dashed over to the vending machine next to the attendant’s booth and wrenched the front open. Inside was a rack of assorted chip bags, protein bars, and other vaguely edible items. “That’ll only buy you another week,” Sam commented.

Yeah, Horizon admitted, piling up snacks in her arms. We eat a lot don’t we.

“Try and salvage some of the electronics too,” the AI suggested. “Look for batteries.”

Horizon yanked out a few components that looked important. She wasn’t familiar enough with that kind of hardware to identify specific parts, that had been MechRat’s area of expertise, but most of the parts she grabbed were large and solid. How long do we have before security forces arrive?

“Let me check,” Sam’s avatar took a quick look around. After a couple minutes she stopped, staring off at some point off in the distance. “Picking up a radio signal with Company security force encryption. Moving rapidly.”

How fast? Horizon gathered up as many snacks and components as she could carry and dashed towards the van. After tossing them in the back she turned back to the hydrogen pump.

“I would estimate in the range of 300 to 400 kilometers per hour,” Sam answered. “They should arrive in less than ten minutes.”

Horizon’s eyes widened and she lunged for the hydrogen tank, popping the line loose and tossing it carelessly aside. We need to go now! She thought. Horizon hurriedly strapped the tank in and leapt in the driver’s seat. That kind of speed meant aircraft, with the higher horizon they could spot her from a great distance.

She hit the ignition button and slammed it into gear, tearing across the pavement and down the road. Give me a map, she thought and a topographic map of the region appeared in the corner of her eye. She frantically searched the map for a place to hide the van. They were still over fifty kilometers from the campsite and unfortunately Sam’s map was limited to her own recorded observations. She hadn’t had the chance to scan much of this area yet.

“Eight minutes until they catch us,” Sam added. Horizon sped up and swerved along the road. She focused on a hill that she’d spotted on the map. As she approached the hill she swerved towards it. But with a closer look at it she realized there was nowhere she could hide there like she’d hoped. “Seven minutes.”

Horizon scanned her digital mental map for another possible hiding spot. There, two snow drifts with a narrow gap between them. Can we get a message to Shawn?

“Encrypted,” Sam replied. “But it will be detected. Six minutes until arrival.”

The raccoon focused on the vole and composed a quick message. Under attack by aircraft, looking for a place to hide. Do not reply. After she shot the message off she lurched the van off the road and straight for the gap.

“Five minutes,” Sam stated. Horizon sped up towards the gap between the drifts, bouncing as the van drove over a bump in the terrain.

She caught a glimpse of a small flying object off in the distance with the right-side mirror. “Fuck!” she swore out loud. The odds that they hadn’t been seen were slim to none now.

The van lurched as it drove over another rock, beginning to tip to the left. “No, no no!” Horizon struggled to keep the van upright, but her efforts were in vain. The vehicle fell onto its side and skidded the last few meters into the gap. It ground against both drifts, knocking loose snow that fell on top of the sideways van.

Horizon gave herself a quick body scan. No major damage, just a couple bruised ribs that her leukosynths could fix in a matter of minutes. She jabbed the ignition, shutting the van down, and hit the release on her seat belt. The raccoon slumped onto the left door, which was temporarily filling in for the floor.

As much as she would have preferred to lie there and heal, time was of the essence. Horizon turned and climbed over the side of her seat into the back of the van. Infrared she thought, and her vision shifted to shades of blue and red. Most of the cooling interior was a faint purplish shade, save for some red spots around the vents. She looked for the hydrogen tank she’d just filled, but specific shapes were hard to discern in this spectrum.

Eventually she found it, a box of dark blue, colder than the chilled air of the van. She carefully walked over to it, trying not to trip on the stolen parts and snack bags that had tumbled about in the crash. When she reached the tank she ran a hand over it, searching for punctures. She breathed a sign of relief when she found none. Reassured, Horizon moved onto the rear doors, felt for the handle, and pushed it open just a crack.

Horizon peered through the crack into the blue-tinged outdoors. Deep blue flakes drifted down to the equally blue ground, but she could still spot one little red spot growing rapidly larger. Visible, she thought, and her vision switched back to normal. Against the dark night sky of Surtur the aircraft was invisible, not even running lights. She switched back to infrared and found the craft’s heat signature again. Probably police and not military if they’re giving off heat, that’s some small relief.

“Surt Company security forces are still authorized to carry automatic weapons,” Sam stated. “Based on their radio pulses I’d estimate they are less than two minutes from arrival.”

Camouflage me and dampen my heat signature, Horizon scanned for another place to hide. We can’t stay here.

Sam appeared in front of Horizon, looking concerned. “You won’t be able to fix your NiTan skeleton if I lower your temperature. Are you sure about that?”

Horizon gritted her teeth and leapt out of the stranded van. Yes, multiple bullet wounds would be harder to heal. She broke out into a run, racing across the snow at top speed.

The red spot in the sky grew larger and the sound of gunshots sounded as tracer rounds streaked overhead. Horizon dropped to the ground and rolled onto her back. In infrared she could see the small points of light as they flew, but mercifully they didn’t come any closer to her.

What little relief she felt as she laid there was dashed when she heard the explosion. She sat up and looked in the direction she’d come, where she saw nothing but an expanding fireball.

“They must have hit the tank,” Sam stated.

Gee, you think? Horizon snarled silently at her AI assistant. Now what are we going to do?

Sam’s avatar gave a shrug. “Insufficient data.”

Great, Horizon laid there, slowly slipping into despair. What could she do now?

“Enemy aircraft still approaching,” Sam reminded her. Horizon turned her attention back to the airborne heat source overhead. She followed it with her eyes as it descended, growing larger and larger.

She switched back to the visible spectrum once it was the size of a beach ball in her perspective. A blinding light shone in her face for a few moments, then moved on, apparently they hadn’t seen her. Is my camo working again? Horizon inquired.

“It is reasonably functional,” Sam answered. “So long as you don’t move very much. It has trouble compensating for motion.”

Horizon followed the craft as it descended towards the burning vehicle. Two spotlights continued to sweep the ground underneath it. She picked up a pattern to their sweeps. If I move while they’re looking away, I might be able to catch them when they land.

“It’s risky,” Sam evaluated. “But might work if you move quickly. You’re losing body heat fast.”

The raccoon leapt to her feet and raced as fast as the loose snow would let her towards her wrecked van. When she noticed the searchlights approaching she froze stiff, mere moments before the light touched her. The light continued on its way and Horizon broke off running again. However, after the second stop-and-go cycle, she noticed herself slowing down. Tiring, for the first time in quite a long time.

Sam answered before she had a chance to ask. “It’s your metabolism, you’re using up your ready reserves. If you want more energy you’ll have to up-regulate your body temperature soon or you’ll fall into a torpor.”

Great, Horizon thought. I’m on a timer too. She raced further towards the burning van as the searchlight arced her way.

“STOP!” Sam shouted just as the light covered her. Horizon froze mid-step, but that didn’t stop the searchlight from pausing on top of her. She couldn’t see anything in the blinding light as she stood there, stiff as a board, but she did hear the two large *thumps* hitting the snow.

Motors revved and Horizon switched back to infrared, replacing the blinding light with a dull red glow. Two light orange blurs shaped like snowmobiles with riders swung around wide to face her and raced in her direction, one on either side of her. She waited, unable to move lest she risk getting gunned down. As they approached, Horizon noticed that the snowmobile on the left was veering slightly closer to her than the other, and came up with a plan.

The snowmobile drove within five meters of her, and without even turning to look where she was going, she sprang. In moments, the cyborg’s synthetic hindbrain had calculated an arc that would bring her on a collision course with the driver, knock them off, and grasp hold of the handlebars. Mid-air she switched back to the visible spectrum just in time to see the black-suited driver try to raise his handlebar-mounted weapon, but too late. Horizon tried not to think about the *crunch* she heard when they collided.

She grabbed hold of the handlebar with her right hand and shoved the limp driver off with her left. The snowmobile swerved to the left, slightly towards the other vehicle. The other driver had barely enough time to look back before the cyborg blasted them with a burst of auto-fire from her newly appropriated gun.

Bullets threw up snow behind her, forcing her to zig-zag randomly. She felt a dull spike of pain in her shoulder, a lucky bullet. No point hiding anymore, she thought. Restore metabolism to full. Heat spread out from the wound, along with pain, excruciating pain that reminded her she wasn’t dead yet. This isn’t sustainable, we need cover.

She arced her zig-zagging path around the hill she’d tried to hide the van under. The hill forced the aircraft’s fire away from her for a short time, but quickly they crept closer again. She saw the fire from her burning van and swung the snowmobile around so the flames were to her back. Now she could see the aircraft clearly in the light of the fire, a VTOL carrier painted midnight blue, not dissimilar to the ones she’d flown for the Friendly Society. Though of course most of their craft didn’t have nose guns streaming tracer rounds.

Horizon felt more bullets graze her side, arms, and reinforced skull as she ducked behind the windshield. With a grimace she tried to raise the gun to aim at the VTOL, determined not to go down without a fight.

But before she could pull the trigger, the VTOL’s portside rotor exploded in a flash of fire. The craft spun out of control, tumbling through the air as more gunshots sounded from the direction Horizon had been traveling, the same direction as the camp.

She peered in the direction the shots had come from and spotted a tall, anthropomorphic figure. Shawn? She directed a focused radio burst at the figure. Is that you?

Yeah, he answered. Sorry I took so long. This suit is fast, but not that fast. Are you okay?

No, but I’ll heal. Horizon looked herself over in the dim firelight. Examining her various wounds as they closed themselves and her suit cleaned itself of blood. I always heal.

[uptothetrendblogs]

Defense Light Tactical Vehicle Market

Defense Light Tactical Vehicle Market Poised for Remarkable 6.65% Expansion, Forecasted to Hit USD 13,044.51 Million by 2032

According to a new report by Univdatos Market Insights, the Global Defense Light Tactical Vehicle Market is expected to reach USD 13,044.51 million in 2032, growing at a CAGR of 6.65%. The global light tactical defense vehicle market is experiencing sizeable growth owing to the developing need for mobility, safety, and versatility during military operations. Defense forces worldwide are looking to modernize their fleets and replace old vehicles with advanced high-tech platforms to keep up with changing threats and mission requirements.

Demand:

The growth of the global drone logistics and transportation market is spearheaded by several key factors. Firstly, the rising demand for mobility and protection in modern warfare has pushed the adoption of defense light tactical vehicles in the military system worldwide. These specialized vehicles offer enhanced maneuverability, speed, and survivability, allowing troops to operate in various environments, from urban warfare to rugged terrain. Moreover, the increasing focus on asymmetric warfare, counterterrorism, and peacekeeping operations has also accelerated the demand for light tactical vehicles. For instance, in 2023, according to the report published by the Institute for Economics & Peace, the deaths caused by terrorism increased by 22% to 8,352, the highest level since 2017, and in 2023, the US accounted for 76% of terrorism-related deaths in Western democracies. Moreover, the need for reduced logistical burdens and better sustainability has led to the development of more efficient and fuel-effective vehicles. The incorporation of advanced materials, which includes advanced composites and lightweight alloys, has enabled manufacturers to create vehicles that provide improved overall performance, reduced weight, and better safety.

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Applications:

The worldwide defense light tactical vehicle market represents a dynamic landscape, catering to diverse military applications spanning infantry mobility, reconnaissance, command and management, and logistics support. Those versatile vehicles serve as the spine of present-day military operations, providing agility, maneuverability, and adaptableness throughout various roles. Light tactical vehicles are pivotal in improving situational awareness and operational effectiveness, from patrolling borders to executing reconnaissance missions in challenging terrains, including urban environments or rugged landscapes. Moreover, their utility extends beyond combat scenarios to encompass critical functions like medical evacuation and logistical support, in which their speed and flexibility are imperative. In recent years, technological advancements have further augmented the capabilities of these vehicles, with innovations in armor safety, communication systems, and hybrid powertrains enhancing their resilience, survivability, and sustainability on the battlefield. The growing emphasis on network-centric warfare and integrated battlefield management systems has spurred demand for highly adaptable light tactical vehicles capable of seamless integration into complex operational environments. Moreover, the rise of asymmetric threats and non-conventional warfare tactics underscores the need for agile and scalable platforms that rapidly respond to evolving safety challenges. As defense budgets continue to prioritize modernization efforts and the adoption of next-generation technologies, the global defense light tactical vehicle market is poised for sustained growth, pushed by ongoing military procurement programs and the pursuit of enhanced operational capabilities by defense forces worldwide.

Technological Advancements:

In the ever-evolving landscape of modern warfare, technological advancement is a major catalyst for the defense light tactical vehicle market. As military forces worldwide strive to maintain superiority on the battlefield, manufacturers are pushing the boundaries of engineering excellence to develop next-generation vehicles that are more agile, versatile, and equipped to meet the challenges of 21st-century warfare. The DLTV market’s technical advancement is largely fueled by the convergence of sophisticated communication and networking systems. For improved situational awareness and an effective command and control operation, there must be real-time sharing of data and continuous connectivity. Oshkosh Defense and General Dynamics are among the leading manufacturers that have heavily invested in creating strong communication platforms that foster synergy among different military assets like ground vehicles, UAVs (unmanned aerial vehicles), and command centers. These technologies allow artificial intelligence (AI) and edge computing to provide commanders with actionable intelligence, quickening decisions during dynamic operational environments. For instance, in 2024, GM Defense teamed with Maryland-based Mistral Inc. to equip the company’s Light Tactical Utility Vehicle (LTUV) with a loitering munition system. The LTUV is based on the Chevrolet Colorado ZR2 Bison pickup truck and features other commercial off-the-shelf parts to boost its off-road capability. Mistral will provide the UVision Hero 120, a kamikaze drone targeting enemy assets without exposing warfighters to direct fire. Additionally, breakthroughs in armor security technologies are changing the effectiveness of DLTVs survival in warfare. Vehicle designs incorporate reactive armor systems, composite materials, and modular armor solutions to increase defense against ballistic threats, improvised explosive devices (IEDs), and anti-tank guided missiles (ATGMs). For armored vehicles, Rheinmetall has an Active Defense System (ADS) that uses detectors and countermeasures to identify and neutralize incoming dangers.

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Conclusion:

The worldwide defense light tactical vehicle market has great potential for expansion. This growth can be attributed to the changing needs of today’s militaries and developments in vehicle technology. Armies across the globe are expected to use them more often this year to increase their ability to move quickly and survive in combat situations.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2024−2032.

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis by Vehicle Type, by Fuel Type, and by Application.

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Contact:

UnivDatos Market Insights

contact@univdatos.com 

+91 7838604911

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Advance Material in Defense Market Forecast Research Report by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Advance Material in Defense Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Advance Material in Defense Market Trends share, size, 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 Advance Material in Defense Market?

The advance material in defense market is expected to grow at a CAGR of 6.4% during the forecast period of 2024 to 2032.

What are Advance Material in Defense?

Advanced materials in defense are specialized materials designed for military use, offering superior performance in terms of strength, durability, and resistance to harsh conditions. These materials, including advanced composites, nanomaterials, and metamaterials, are used in aircraft, vehicles, body armor, and weapons. They are essential for enhancing the capabilities and effectiveness of defense systems, ensuring the safety and success of military operations.

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What are the growth prospects and trends in the Advance Material in Defense industry?

The advance material in defense market growth is driven by various factors. The market for advanced materials in defense is growing at a fast pace due to factors such as increased defense spending, advancements in technology, and the demand for materials that are both lightweight and high-performing. These advanced materials, which include composites, ceramics, and alloys, are used in various defense applications, such as aircraft, vehicles, body armor, and weapons systems. Market growth is being driven by the rising need for materials that offer superior strength, durability, and resistance to extreme conditions. Additionally, the development of innovative materials with enhanced properties is expected to create attractive opportunities in the market. Hence, all these factors contribute to advance material in defense market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

Aluminum Alloys

Titanium Alloys

Stainless Steel

Nickel-Based Superalloys

Cobalt-Based Superalloys

High-Strength Steel Alloys

Composite Materials

Tungsten and Tungsten Alloys

Beryllium

Magnesium Alloys

By Application

Laser & Microwave Communications

Avionics

Optical Radar Systems

Intelligence, surveillance and reconnaissance (ISR)

Light Detection and Ranging (LIDAR)

Electro-Optical Infrared (EO/IR) Systems

Photonics Lasers

Thermal Imaging

Weapon Systems

Market Segmentation by Region:

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:

Materion Corporation

Alpine Advanced Materials

Morgan Advanced Materials

Corning

Mitsubishi Chemical Group

Spirit AeroSystems

Permali

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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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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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Para-aramid Fibers Market - Forecast(2024 - 2030)

Para-aramid Fibers Market Overview

Para-aramid fibers market size is forecast to reach $6.6 billion by 2026, after growing at a CAGR of 7.2% during 2021-2026. Para-Aramid is an aromatic polyamide distinguished by long, rigid polymer crystalline chains. The major drivers for this market are the increasing usage of para-aramid fiber in brake pads, clutches, transmission belts, gaskets, linings, and tires in automotive and the growing demand for protective clothing in defense and industrial sectors. Also, the increasing utilization of para-aramid fiber as an alternative to asbestos and steel in military and aerospace applications for ballistic grade body armor fabric is likely to fuel market growth over the forecast period. Furthermore, stringent government norms regarding the safety of employees at the workplace and large penalties for non-compliance with these standards is also anticipated to contribute to the para-aramid fiber industry growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic has impacted the day-to-day practices of virtually all major companies around the world, bringing economies to a standstill. This has led to a decrease in the demand and production of aromatic polyamides such as aramid fibers in most of the applications, which is lowering the consumption of para-aramid fibers in 2020. The adoption of these fibers in personal protective equipment (PPE) apparel, on the other hand, has rapidly increased. The manufacturers are also focused first on fulfilling the PPE orders because during the pandemic they have become a critical component. For instance, DuPont is manufacturing PPE clothing based on its Nomex aramid, Kevlar & Tychem, and Tyvek. The demand for aromatic polyamides such as aramid fibers is very high as compared to other materials, owing to which the market is gradually gaining momentum again.

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Report Coverage

The report: “Para-aramid Fibers Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the para-aramid fibers Industry.

By Product Form: Paper, Filament Yarn, Powder, Film, Short-Cut Fibers, Pulp, and Others.

By Application: Reinforcement (Composites, Rubbers, Elastomers, Cables, and Others), Protective Apparels (Chemical Resistant apparels, Flame Resistant apparels, Cut Resistant apparels, and Others), Ballistic Protective (Body Armor, Bullet-Proof Vests, Vehicle Armor, Helmets, and Others), Friction Linings (Clutch Plates, Brake Pads, Transmission Belts, and Others), Adhesives & Sealants, and Others.

By Application: Protection & Security, Automotive (Automotive Cars, Light Commercial vehicles (LCV), Heavy Commercial Vehicles (HCV), and Others), Aerospace (Commercial, Military, and Others), Electrical & Electronics (Fibre Optic, Electromechanical Cables, Circuit Boards, And Others), Marine (Passenger, Supply Vessels, Cargo, and Others), Industrial (Mining, Oil& Gas, Power Generation, Chemical, and Others), Building & Construction (Residential, Commercial, and Others), Sports (Tennis Strings, Hockey Sticks, and Others), and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (U.K, 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).

Key Takeaways

Europe dominates the para-aramid fibers market, owing to the increasingly stringent government regulations in the region governing the proper usage of proper personal protective equipment (PPE) in the workplaces.

Para-aramid fibers are used widely in friction and sealing products as an alternative to asbestos. Due to superior advantages such as extended life, non-glaze/smear on the surface of the lining, fade resistance, and non-aggressive wear on drums and discs, they are commonly used in friction plates, transmission belts, and pads. Over the projected period, this is expected to fuel demand.

Furthermore, Para-aramid fibers are used as strength providers in the design and manufacturing of fiber optic cables owing to their low weight, flexibility, dielectricity, and handling. Thus, the rise in demand for high bandwidth fiber optic cables for data services and communication is also expected to have a positive influence on the market.

Increasing onshore and offshore drilling activities, coupled with a thriving shale oil and gas industry is also anticipated to play a key role in driving the demand for aromatic polyamides such as para-aramid during the forecast period.

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Para-aramid Fibers Market Segment Analysis - By Product Form

The filament yarn segment held the largest share in the para-aramid fibers market in 2020 and is expected to grow at a CAGR of 7.8% during 2021-2026, owing to the various benefits that it offers when compared to other fiber forms. Filament yarn-based para-aramid fibers offer extensive characteristics such as excellent strength-to-weight properties, high dimensional stability, heat resistance, flame resistance, chemical resistant, and more. Owing to these extensive characteristics of filament yarn-based para-aramid fibers are largely employed in applications such as filtration, protective clothing, transmission belts, laundry tape, and more. Thus, these extensive characteristics are the major factor driving the demand for filament yarn-based para-aramid during the forecast period.

Para-aramid Fibers Market Segment Analysis - By End-Use Industry

The protection & security segment held the largest share in the para-aramid fiber market in 2020 and should grow at a CAGR of 8.2% during 2021-2016. A huge amount of para-aramid fiber is used in safety & protection applications such as military, private security, municipal law enforcement, and private contractors involved in government projects. Para-aramid fiber is also used in personal protective equipment (PPE) to help manufacturers provide premier cut protection from on-the-job hazards in the automotive, manufacturing, construction, aerospace, and electronics industries. These fibers are generally sued to make stab-proof, fire-proof, and cut-proof protective clothing such as coveralls, gloves, footwear, and helmets. Recent technological advancements in armors helped to reduce the extra weight for soldiers, and also further improvisation in personal protective clothing is driving the demand for soft and lightweight armor materials.

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Para-aramid Fibers Market Drivers

Stringent Government Regulations Regarding the Safety of Employees at the Workplace

Various governments are implementing stringent regulations to govern the proper usage of protective apparel in worksites to ensure the safety of employees. For instance, according to the Food Safety (General Food Hygiene) Regulations, it is mandatory for every person working in a food handling area to wear suitable, clean, and appropriate, protective clothing. Also, the Control of Substances Hazardous to Health Regulations (COSHH) made it necessary for food industry workers to use protective clothing and equipment. Therefore, owning to these regulations the demand for protective clothing from the food industry is increasing. In addition, various government regulations and standards have made it mandatory for metal and mining industry workers to wear protective clothing, such as NFPA 70E, ANSI / ISEA 138, and so on. Hence, owing to these regulations the demand for protective clothing from the metal and mining industry is increasing. Various government regulations and standards have made it necessary for law enforcement and firefighters to wear protective clothing while performing their duties such as NFPA1971, EN 1486, EN 13911, and EN 659. Therefore, owning to these regulations and standards the demand for protective clothing is increasing, which is driving the para-aramid fibers market growth.

Flourishing Automotive and Aerospace Industry

The use of para-aramid fibers in tires provides advantages such as higher performance, higher protection, higher comfort, and lower fuel consumption, resulting in increased demand from the automotive industry. In addition, para-aramid fibers are also used in aerospace components, including wings, fuselage, landing gear doors, trailing edge plates, vertical and horizontal stabilizers, and flight control surfaces. They are used primarily in these components because of their superior performance characteristics such as impact resistance and low weight. And the automotive and aerospace industry is flourishing in various regions. For instance, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of light commercial vehicles has increased from 1,348,932 in 2018 to 1,431,904 in 2019, an increase of 6.2% in Canada. In November 2020, Boeing projected that China's airlines will buy $1.4 trillion worth of 8,600 new aircraft and $1.7 trillion worth of commercial aviation services over the next 20 years. By 2030, Boeing's latest business outlook predicts demand for 2,520 new aircraft in the Middle East. And with the flourishing automotive and aerospace industry, the demand for para-aramid will also substantially increase, which will then drive the market growth.

Para-aramid Fibers Market Challenges

Presence of Alternative Materials and High Production Cost of Para-Aramid Fibers

It is anticipated that the danger of substitutes will remain moderate over the forecast period. While aramid fibers are extremely famous for their robust applications in the industry, they also have some demerits. The propensity to absorb moisture, for instance, discourages their use in a wet environment. These products are also combined with epoxy systems to solve certain problems. Such additives further increase the overall cost of the product and unlatch the door for other substitute materials. For instance, carbon, glass, and polyethylene fibers can be used as alternatives to para-aramid fibers depending on the requirement in various application segments. Furthermore, product manufacturers are facing numerous challenges, elevated manufacturing costs, and low production efficiency, high initial investment, and inconsistent raw material supply are also expected to hamper market growth, thereby restraining the para-aramid fibers market growth during the forecast period.

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Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the para-aramid fibers market. Major players in the para-aramid fibers market are China National Bluestar (Group) Co. Ltd., DuPont de Nemours Inc., Huvis Corp., Hyosung Corp., Kermel, Kolon Industries Inc., Sro Aramid (Jiangsu) Co. Ltd., Teijin Ltd., Toray Industries Inc., and Yantai Tayho Advanced Materials Co.

Acquisitions/Technology Launches

In November 2020, Teijin Aramid announced the results of its sustainability-focused pilot program (2018). The pilot proves that this innovative approach can improve the environmental impact of Teijin Aramid’s production processes, without altering the material properties of the resulting ultra-high-strength para-aramid fibers under the brand name Twaron® yarn.