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Beryllium Market Prices Spike as Global Supply Chain Disruptions Continue

The global beryllium market is valued at US$ 119.1 million in 2023 and is anticipated to reach US$ 204 million by 2033, with worldwide demand for beryllium advancing at a CAGR of 5.5% from 2023 to 2033. Beryllium is a chemical element with the symbol Be and atomic number 4. It is a relatively rare element that is used in a variety of industries due to its unique properties, including its high stiffness, low density, and excellent thermal conductivity. Beryllium is often used in aerospace, defense, nuclear, and medical industries, as well as in the manufacturing of electronic devices and components

The global Beryllium market is influenced by several factors, including supply and demand, technological advancements, government regulations, and geopolitical events. The market is relatively small compared to other metals, with global Beryllium production estimated to be around 300 metric tons per year. The United States is the largest producer of Beryllium, followed by China and Kazakhstan

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Beryllium prices can be volatile due to its limited supply and demand fluctuations. The price of Beryllium is generally higher than other metals, which can make it a more expensive material to work with. The market for Beryllium is expected to grow in the coming years due to its increasing use in emerging technologies, such as electric vehicles, renewable energy, and advanced aerospace applications

Key Takeaways from Market Study

  • The global beryllium market stands at US$ 119.1 million in 2023.
  • The market is forecasted to reach a valuation of US$ 204 million by the end of 2033.
  • Demand for beryllium is expected to expand at a CAGR of 5.5% through 2033.
  • Sales of beryllium in the aerospace and defense sectors are predicted to increase at a CAGR of 5.6% from 2023 to 2033.
  • The United States accounted for around 68% of global beryllium production in 2022.
  • Demand for beryllium in Canada is projected to increase at a CAGR of 3.1% through 2033.
  • Sales of beryllium in Germany are set to rise at a CAGR of 3% over the decade.

Region-wise Analysis

  • North America: The United States is the largest producer of Beryllium in the world, accounting for over 60% of global production. Beryllium mining and processing are concentrated in Utah, Colorado, and Nevada. The US is also the largest consumer of Beryllium, with a high demand from the defense and aerospace industries.
  • Asia-Pacific: China is the second-largest producer of Beryllium, with a significant portion of its production used for the manufacturing of electronic devices and components. Japan and South Korea are also major consumers of Beryllium, primarily for advanced technology applications.
  • Europe: The European Union is a significant producer and consumer of Beryllium, with Germany and Russia being the primary producers. Beryllium is mainly used in nuclear power generation, aerospace, and electronics industries.
  • Rest of the world: Beryllium production and consumption in the rest of the world are relatively low, with Brazil and Kazakhstan being the only notable producers. The demand for Beryllium in these regions is driven by aerospace, defense, and nuclear industries.

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Competitive Landscape

Suppliers of beryllium are making investments in their supply chain management systems to keep up with rising worldwide demand and maintain product quality in accordance with legal requirements. Some firms are making environmentally friendly changes to lessen their influence on the environment.

To generate more leads in the target market, manufacturers are working hard to create more effective beryllium goods.

For instance,

  • In July 2022, Materion Corporation collaborated with Kairos Power to establish an MSPP (molten salt purification plant) at Materion in Elmore, Ohio, to commercially manufacture FLiBe. FLiBe is a type of molten salt coolant utilized in nuclear energy production. As the leading domestic supplier of beryllium fluoride components for energy solutions, Materion’s commissioning of the MSPP is a significant step towards enhancing the production of FLiBe.

Key Companies Profiled 

  • Materion Corporation
  • Alliance Design and Development Group, Inc.
  • Imperial Metal Industries Limited
  • Farmers Copper Ltd.
  • Stanford Advanced Materials
  • Aviva Metals, Inc.
  • IBC Advanced Alloys Corporation
  • NGK Metals Corporation

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Key Questions Covered in the Beryllium Market Report

  1. What is the current global supply of Beryllium, and how is it expected to evolve in the coming years?
  2. What are the key drivers of demand for Beryllium, and how is the market meeting this demand?
  3. Who are the major Beryllium producers, and what are their production capacities and market shares?
  4. What are the major applications of Beryllium, and which industries are driving demand?
  5. What are the major challenges facing the Beryllium market, such as supply chain disruptions or environmental regulations?

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Smoothie Market Sales Surge as Health and Wellness Trend Continues to Drive Market Growth

The global smoothies market is estimated at US$ 27.2 billion in 2023 and is projected to reach a valuation of US$ 52.5 billion by the end of 2033. This is because global demand for smoothies is forecasted to increase at a CAGR of 6.8% from 2023 to 2033. The smoothie market is a rapidly growing industry that has experienced significant growth in recent years. A smoothie is a blended drink made from fruits, vegetables, and other ingredients such as yogurt, milk, or protein powders. Smoothies are often marketed as a healthy and convenient meal replacement or snack option

The smoothie market can be segmented into various categories based on the type of ingredients used, the distribution channel, and the geography. The fruit-based smoothie segment holds the largest market share, followed by the vegetable-based smoothie segment. In terms of distribution channels, the retail segment dominates the market, followed by the online segment

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Overall, the smoothie market is expected to continue to grow in the coming years, driven by the increasing focus on health and wellness, the rising demand for convenient and healthy food and beverages, and the growing popularity of plant-based diets

Key Takeaways from Market Study

  • The global smoothies market is anticipated to reach a value of US$ 52.5 billion by the end of 2033.
  • Demand for smoothies is forecasted to increase at a CAGR of 6.8% during the forecast period from 2023 to 2033.
  • The global market for smoothies is valued at US$ 27.2 billion in 2023.
  • The fruit-based segment is expected to account for more than 50% market share by the end of 2033.
  • Sales of smoothies in Germany are projected to increase at a CAGR of 4.8% from 2023 to 2033.
  • Demand for smoothies in Canada is set to expand at a CAGR of 5.5% through 2033.

Competitive Landscape
Prominent manufacturers of smoothies are resorting to mergers and acquisitions to open up new avenues in the global market.

For instance,

  • In February 2022, Smoothie King entered into a partnership with HungerRush to utilize its platform OrderAI. This partnership aims to utilize novel technologies to gain more sales and profitability for its franchisees.

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Key Companies Profiled

  • Barfresh Food Group Inc.
  • Tropical Smoothie Café
  • Crussh Fit Food & Juice Bar
  • Smoothie King Franchises Inc.
  • Orange Julius of America
  • Jamba Juice
  • Naked Juice
  • Stonyfield Farm Inc.

Region wise Insights

North America holds the largest market share of the global smoothie market owing to the increasing awareness regarding the health benefits of consuming smoothies and the high disposable income of consumers in the region. The United States is the largest market for smoothies in North America.

Europe is the second-largest market for smoothies, driven by the increasing demand for healthy and convenient food and beverages and the rising trend of veganism in the region. The United Kingdom and Germany are the major markets for smoothies in Europe.

The Asia Pacific region is expected to witness the highest growth rate in the global smoothie market due to the increasing adoption of healthy lifestyles and the rising demand for functional food and beverages in the region. China and India are the major markets for smoothies in the Asia Pacific.

Latin America and the Middle East & Africa regions are also expected to witness significant growth in the smoothie market owing to the increasing demand for healthy and convenient food and beverages and the rising trend of health and wellness in these regions

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Key Questions Covered in the Smoothies Market

  1. What is the current size of the global smoothie market and what is its expected growth rate in the coming years?
  2. What are the key drivers, restraints, and challenges in the smoothie market?
  3. What are the different types of smoothies available in the market and what are their respective market shares?
  4. What are the different distribution channels for smoothies and which channel dominates the market?
  5. What are the key trends and developments in the smoothie market?

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Phycocyanin Market Expected to Grow Rapidly Due to Rising Demand for Natural Food Colors and Supplements

Global demand for phycocyanin accounts for US$ 180.5 million in value and is predicted to reach a market size of US$ 353 million by the end of 2033. The global phycocyanin market is forecasted to exhibit expansion at a noteworthy 6.9% CAGR from 2023 to 2033, as per this latest Fact.MR market research analysis.  Phycocyanin is a blue pigment that is found in certain types of blue-green algae, such as spirulina and cyanobacteria. It has a wide range of applications in various industries, including food and beverage, pharmaceuticals, cosmetics, and agriculture. The global phycocyanin market is expected to grow significantly in the coming years, driven by increasing demand for natural food colors and dietary supplements.

One of the major drivers of the phycocyanin market is the growing consumer demand for natural and organic products. As consumers become more health-conscious, they are seeking out natural ingredients that offer nutritional benefits without the use of synthetic additives. Phycocyanin is a natural and sustainable ingredient that is rich in antioxidants, vitamins, and minerals, making it a popular choice in the health and wellness industry

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In the food and beverage industry, phycocyanin is used as a natural food colorant, giving products a bright blue hue. It is commonly used in drinks, dairy products, and confectionery. The demand for natural food colors is growing rapidly, as consumers become more aware of the potential health risks associated with synthetic colors

Key Takeaways of Global Phycocyanin Market

  • Conventional nature of phycocyanin accounts for more than two third of market share and is expected to show significant growth in phycocyanin market during period of forecast, due to increased demand from food and beverages manufacturers.
  • Powder form of phycocyanin is a major contributor to the global phycocyanin consumption and is projected to grow 1.9X over period of forecast, owing to its increased demand in beverages and cosmetics industry.
  • Phycocyanin market in Europe holds more than one third of the market share. Moreover, increasing nutritional supplement demand from consumers will augment growth of phycocyanin during forecast period.
  • Organic nature of phycocyanin holds more one third of market share, thus pushing the growth of organic phycocyanin by end of 2029.
  • After the approval of the use of phycocyanin in food and beverage products is given by FDA, the demand of phycocyanin from Spirulina has started surging, and companies have begun producing various types of products made from Spirulina phycocyanin such as smoothies, juices, nutritional supplements etc.

Country-wise Insights

  1. North America: The phycocyanin market in North America is driven by the increasing demand for natural food colors and supplements. The US is the largest market for phycocyanin in the region, due to the high demand for natural and organic products.
  2. Europe: The European phycocyanin market is also driven by the growing demand for natural food colors and supplements. Germany is the largest market in the region, due to the high demand for organic products and strict regulations on synthetic colors.
  3. Asia-Pacific: The Asia-Pacific phycocyanin market is expected to grow rapidly in the coming years, driven by the increasing demand for natural food colors and supplements in countries like India and China. Japan is the largest market for phycocyanin in the region, due to the high demand for natural products.
  4. Latin America: The Latin American phycocyanin market is also expected to grow rapidly, due to the increasing demand for natural food colors and supplements in countries like Brazil and Mexico.
  5. Middle East and Africa: The Middle East and Africa phycocyanin market is relatively small, but is expected to grow in the coming years, driven by the increasing demand for natural and organic products.

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Competitive Landscape

Prime phycocyanin manufacturers are adopting strategies such as mergers, acquisitions, and collaborations to expand their business scope around the world.

  • In December 2021, Givaudan, a multinational Swiss manufacturer of flavor and fragrances, announced that it had completed the acquisition of DDW, The Color House, which is a natural color company based in the United States. This acquisition made Givaudan one of the two top players in the natural colors marketplace.
  • In July 2020, Global EcoPower (GEP), a French renewable energy company, announced that it had acquired spirulina production and marketing assets from Tam, a Brittany-based spirulina producer. With this acquisition, GEP had plans to expand its phycocyanin and spirulina production capacity, which would have strengthened its stance in the global competitive landscape.

Key Companies Profiled

  • Cyanotech Corp.
  • Naturalin Bio-Resources Co. Ltd.
  • DIC Corporation
  • DDW Inc.
  • Sensient Technologies Corp.
  • GNT Holding B.V.
  • Chr. Hansen Holding A/S
  • Fuqing King Dnarmsa Spirulina Co. Ltd.
  • Parry Nutraceuticals Limited
  • Dongtai City Spirulina Bio-Engineering Co. Ltd.
  • Far East Bio-Tec Co. Ltd.

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Key Questions Covered 

  1. What is phycocyanin, and what are its properties and applications?
  2. What are the key drivers of the phycocyanin market, and how is the market expected to grow in the coming years?
  3. What are the major challenges faced by the phycocyanin industry, and how can they be addressed?
  4. What are the regulations governing the production and use of phycocyanin, and how do they vary by region?

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Business

Vacuum Salt Market Projected to Experience Robust Growth Due to Rising Demand from Food Processing and Chemical Industries

The global vacuum salt market stands at US$ 6.29 billion in 2022 and is forecasted to expand at a CAGR of 4.4% to reach a market valuation of US$ 9.68 billion by the end of 2032. The vacuum salt market is a segment of the overall salt market that involves the production and sale of salt that has been processed using vacuum technology. Vacuum salt is a high-purity form of salt that is produced by evaporating saltwater or brine under reduced pressure, which helps to remove impurities and produce a consistent, high-quality product

The global vacuum salt market is driven by factors such as increasing demand for high-quality salt in various industries such as food, chemical, and pharmaceutical, as well as rising awareness about the health benefits of consuming low-sodium salt. Additionally, the increasing use of vacuum salt in the production of chlorine and other chemicals is also driving the growth of the market

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The vacuum salt market is expected to continue to grow in the coming years, driven by increasing demand from various end-use industries, particularly in developing countries. However, the market may face challenges such as fluctuations in raw material prices, stringent regulations, and increasing competition from alternative low-sodium salt products

Key Takeaways from Market Study

  1. Growing demand: The vacuum salt market has witnessed significant growth over the past few years and is expected to continue growing in the future due to increasing demand from various industries, including food processing, chemical, and pharmaceuticals.
  2. Food Industry Driving Growth: The food industry is the primary driver of demand for vacuum salt, as it is widely used in food processing and preservation.
  3. Asia Pacific Region Leading Market: The Asia Pacific region is expected to be the largest market for vacuum salt due to the increasing population, growing food industry, and increasing demand for processed food products.
  4. High competition among players: The vacuum salt market is highly competitive due to the presence of several major players operating in the market. Companies are focusing on product innovation, expanding their distribution networks, and adopting strategies like mergers and acquisitions to gain a competitive edge.
  5. Technological advancements: The introduction of advanced technologies in the production of vacuum salt is expected to reduce production costs, increase production efficiency, and improve product quality, which could further drive the market’s growth.

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Competitive Landscape

Manufacturers are focusing on increasing production capacity to meet the growing demand for vacuum salt coming from the chemical industry, food and beverage industry, pharmaceuticals, oil industry, textile industry, etc. Manufacturers are also focusing on merger and acquisition strategies, which can help them to increase their production capacity, as well as a presence in untapped markets across the world.

  • In 2021, Salins announced the acquisition of Nouryon’s high-quality salt specialty business. Nouryon will supply Salins with high-quality vacuum salt from their mining operation near Hengelo and Mariager.

Key Companies Profiled

  • Salins
  • K + S AG
  • Tata Chemicals
  • CIECH
  • Cargill
  • NOBIAN
  • Wilson Salt Ltd.
  • Infosa
  • Dominion Salt

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Region -wise Insights

  1. Asia Pacific: The Asia Pacific region is expected to dominate the vacuum salt market, owing to the increasing population, rapid industrialization, and the growing food processing industry. Countries like China and India are major producers and consumers of vacuum salt in the region.
  2. Europe: Europe is also a significant market for vacuum salt, owing to the increasing demand from the food processing industry and the growth of the chemical and pharmaceutical industries in the region.
  3. North America: The North American region is also a significant market for vacuum salt, owing to the increasing demand from the food processing industry and the growth of the chemical and pharmaceutical industries in the region.
  4. Latin America: The Latin American region is expected to witness significant growth in the vacuum salt market, owing to the increasing demand from the food industry and the growing use of vacuum salt in the production of chemicals and pharmaceuticals.
  5. Middle East and Africa: The Middle East and Africa region are also expected to witness growth in the vacuum salt market, owing to the increasing demand from the food industry and the growth of the chemical and pharmaceutical industries in the region.

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Business

Air-Based Foods Market Attracts New Investors with Promising Growth Projections

The global air-based foods market is estimated to surge ahead at a CAGR of 11.7% to top a market size of US$ 100 million by the end of 2032. The prime reason for the rapid adoption of air-based foods is the need for sustainable food production and depleting availability of cultivable land. The air-based foods market is a relatively new and emerging industry that involves the production and sale of food products that are made primarily from air. These products are created using a process known as “air fermentation,” which involves using microorganisms to transform atmospheric gases, such as nitrogen and carbon dioxide, into edible proteins and other nutrients

One example of an air-based food product is a protein-rich powder made from a type of bacteria called Hydrogenobacter thermophilus, which is grown using hydrogen gas and carbon dioxide. This powder can be used as a protein supplement in a variety of foods, including plant-based meats and dairy-free products

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Other air-based food products in development include crisps and snacks made from algae and other microorganisms, as well as beverages made from atmospheric water vapor

Key Takeaways from Air-based Foods Market Study

  • The global air-based foods market is projected to expand at an impressive CAGR of 11.7% through 2032.
  • In the short term, air-based foods will experience rapid adoption in North America and Europe.
  • In the mid and long term, air-based foods will experience broader acceptance across several geographical regions.
  • Although, the primary goal of developing air-based foods was to feed humans in space, aqua feed will dominate the market by end use in the introductory phase.

What Difficulty Might Air-based Food Market?

The air-based food market faces several challenges in terms of widespread adoption and acceptance. One major challenge is the cost of production, which is currently much higher than that of traditional food sources. Additionally, there may be concerns around the safety and regulatory compliance of air-based food products, as well as the potential impact on consumer perceptions and preferences. The taste and texture of air-based foods may also be a hurdle, as they may differ significantly from traditional food sources. Finally, the air-based food market will need to overcome marketing and distribution challenges to gain traction in a crowded and competitive marketplace

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Regional Analysis

In Europe, there is a growing demand for sustainable and eco-friendly food products, which could create a favorable market for air-based foods. European countries are also investing heavily in research and development in this area, which could lead to the creation of new and innovative air-based food products.

In Asia, countries like Japan and Singapore are investing in alternative protein sources, including air-based meat and seafood products, as part of their efforts towards food security and sustainability. These markets may have unique opportunities for air-based food products due to their high population densities and limited land resources for traditional agriculture.

In North America, there is a growing interest in plant-based and alternative protein sources, which could create opportunities for air-based food products. However, competition in this market is intense, and it may be challenging for air-based food products to gain traction against established alternatives like soy and pea protein.

Competitive Landscape

  • A deal was made between Solar Foods and Fazer in September 2019 to create goods using Solein, which may then be incorporated in existing plant-based products or lab-grown meat in the future.
  • ADM Ventures, Barclays, and GV (formerly Google Ventures) organised a US$ 32 million investment venture in January 2020 for Air Protein, a company that utilises fermentation to make a meat alternative from of elements in the air.

Key Companies Profiled

  • Air Protein (Kiverdi)
  • Solar Foods
  • Calysta
  • Novonutrients
  • Deepbranch
  • Air Company

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Summary Report 

The air-based food market is an emerging industry that involves the production and sale of food products made primarily from air. These products are created using air fermentation, which involves using microorganisms to transform atmospheric gases into edible proteins and other nutrients. The market is being driven by factors such as the increasing demand for sustainable and eco-friendly food sources, the need to reduce the environmental impact of food production, and the growing interest in alternative protein sources. However, the market faces challenges related to the cost of production, safety and regulatory compliance, taste and texture, and marketing and distribution

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North America Automated Weather Observing System Market Witnesses Increasing Demand from Aviation and Transportation Sectors

The North American automated weather observing system market will register substantial growth, with an expected overall valuation of US$ 200 Million in 2022. Between 2022 and 2032, the market’s value will expand at a compound annual growth rate (CAGR) of 6%, reaching a market value of US$ 358.1 Million. As of 2021, the market was valued at US$ 189 Million in FY 2021, growing at a Y-o-Y growth rate of 5.8%. AWOS is an automated system that provides real-time weather information for aviation and other applications. The system uses various sensors and instruments to measure weather parameters such as temperature, wind speed and direction, visibility, and precipitation.

The AWOS market in North America is expected to grow due to the increasing demand for accurate and timely weather information in the aviation sector, as well as in industries such as agriculture, transportation, and energy. The market is also driven by the advancement in technology and the introduction of new and advanced sensors and instruments Overall, the North America AWOS market is expected to continue to grow in the coming years, driven by the increasing demand for real-time weather information and the continued advancement of technology in the industry.

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Key Takeaways from Market Study

  1. Market Size and Growth: Market studies typically provide information on the size of the market and its expected growth rate. This information helps businesses understand the potential opportunities in the market.
  2. Market Segmentation: Market studies often segment the market into different categories based on factors such as geography, product type, and end-use. This segmentation helps businesses identify specific niches or areas of opportunity within the larger market.
  3. Competitive Landscape: Market studies typically provide an overview of the key players in the market, their market share, and their strategies. This information helps businesses understand the competitive landscape and identify potential opportunities for partnerships or acquisitions.
  4. Trends and Drivers: Market studies often identify the key trends and drivers in the market. This information helps businesses understand the factors that are shaping the market and adapt their strategies accordingly.
  5. Challenges and Opportunities: Market studies often identify the challenges and opportunities that exist within the market. This information helps businesses understand the potential risks and rewards associated with entering the market or expanding their presence in the market.

Regional Analysis 

Regional analysis is a method used in market research to analyze and evaluate the market dynamics of specific regions or countries. The purpose of regional analysis is to provide insights into the market trends, demand, supply, and opportunities in a particular geographic area. The analysis is typically conducted by examining various factors such as economic conditions, regulatory environment, demographic and cultural differences, and the competitive landscape.

The regional analysis helps businesses to understand the unique characteristics of different regions and adapt their marketing and product strategies accordingly. It also helps businesses to identify potential partners, customers, or competitors in a specific region. Additionally, regional analysis can help businesses to identify new market opportunities and expand their operations globally.

For example, in the North America Automated Weather Observing System (AWOS) market, a regional analysis may identify differences in demand and regulations across different states or provinces. This analysis would help businesses to tailor their AWOS solutions to the specific needs of each region, and identify potential opportunities for expansion or partnership in certain areas

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Competitive Landscape

Vaisala Inc., Optical Scientific Inc., All Weather Inc., Mesotech International, and Coastal Environmental Systems are a few of the top vendors with more than a third of the market. These businesses are focusing on establishing long-term relationships with governmental and military organisations. Additionally, in order to lower the high cost of AWOS, providers are giving price reductions first priority.

In order to strengthen their position in the market, Tier 1 companies are anticipated to put these strategies into action soon. Due to increased competition among AWOS vendors, buyers would have more bargaining leverage. As a result, AWOS installation will increase at airports all over the world, driving market growth.

For instance :

  • In order to provide continuous, real-time, and accurate meteorological data on remote Alaskan areas, the FAA said in 2022 that it has started constructing new automated weather observation systems (AWOS) across Alaska.

Key Companies Profiled

  • Vaisala Inc.
  • Optical Scientific, Inc.
  • All Weather, Inc.
  • Mesotech International
  • Coastal Environmental Systems

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Key Questions Covered

  1. What is the size and growth rate of the market?
  2. What are the key drivers and trends shaping the market?
  3. Who are the key players in the market and what are their market share and strategies?
  4. What are the major challenges and opportunities in the market?

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Octocopter Drone Market Booms as Demand for Autonomous Solutions Increases

By 2023, the market for octocopter drones will be worth US$ 3,447.6 million, and it is anticipated that it will grow at a CAGR of 18.1% to reach US$ 18,197.8 million by the end of 2033. The drone market is anticipated to grow at a 15.3% CAGR through 2023, when it is expected to ship 7.6 million units worldwide. The demand for octocopter drones is expected to be around 0.7 million units, with sales of these drones accounting for close to 11% of the global drone market by the end of 2022.

The octocopter drone market is a rapidly growing sector, with companies such as DJI leading the pack in terms of innovation and popularity. Octocopters offer an immense amount of benefits for aerial videography & photography, cargo shipping, farming operations, and search-and-rescue missions. As these industries continue to grow and more commercial applications come into play, so too will the demand for octocopters – making it an attractive investment opportunity for those willing to jump on board early. With increased government regulations around safety standards and usage guidelines now in place or expected soon throughout many countries worldwide however careful consideration must be taken when investing in this area.

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Segmentation of Octocopter Drone Industry Research

  • By Payload :
    • Below 10 Kg
    • 10-20 kg
    • Above 20 kg
  • By Drone Type :
    • Consumer / Civil
    • Commercial
    • Military
  • By End User :
    • Healthcare
    • Food & Beverage
    • Industrial
    • Military
    • Agriculture
    • Delivery & Logistics
    • Construction
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Competitive Landscape

To address customer demand in the industry, prominent octocopter manufacturers include IDS Ingegneria Dei Sistemi S.p.A., DJI, Intel, ASW, Multirotor, Botlink, Tarot, Xfold, and other major competitors.

Market participants are putting more money and resources into R&D while attempting to expand their local presence. The company has formed advantageous collaborations and alliances with end-user industries and governments. Due to the growing demand for modern drones and their accessories, market participants can expand the range of products they provide. Octocopter are used by commercial end users because they provide more stability and payload capacity than other categories.

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Octocopter Drone Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Why Choose Fact.MR?

  • Strong focus on delivering quality market reports
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Business

Global Drone Propellers Market Revenue To Record Robust Growth In Coming Years : Fact.MR

The demand for and sales of propellers especially created for use in drones are referred to as the drone propellers market. Drones must have propellers because they give the drone the lift and propulsion it needs to stay aloft. The market is divided into categories based on type (such as fixed-pitch, variable-pitch, and others) and application (such as consumer, business, and other drones). The market is geographically split into areas like North America, Europe, Asia-Pacific, and the rest of the world. Among others, DJI, Yuneec, and Parrot are important market participants.

The rising demand for consumer and commercial drones, developments in drone technology, and the development of the drone racing sector are some of the factors propelling the drone propellers market. Other drone component competition, the high cost of advanced propellers, and regulatory barriers are issues that the market must deal with.

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Segmentation of Drone Propellers Industry Research

  • By Drone Type :
    • Quadcopter
    • Hexacopter
    • Octocopter
  • By Material :
    • Carbon-Fiber
    • Wood
    • Composite
    • Others
  • By Sales Channel :
    • Online Sales
      • Direct to customer
      • Third Party Online
    • Offline Sales
      • Modern Trade Channels
      • Electronic Stores
        • Franchised Store
        • Independent Stores
      • Others
  • By End-Use Industry :
    • Agriculture & Forestry
    • Delivery & Logistics
    • Media & Entertainment
    • Construction & Mining
    • Oil & Gas
    • Security & Law Enforcement
    • Recreational Activity
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East & Africa

Key Companies Profiled

  • Catto Propellers
  • Harris Aerial
  • Hartzell Propeller
  • HELIX
  • Holy Stone
  • MASTER AIRSCREW
  • McCauley
  • Mejzlík Propellers s.r.o.
  • Sensenich Propeller Company
  • Shenzhen GC Electronics Co.,Ltd.
  • T-motor
  • Xoar International llc.
  • KDE Direct
  • Dongying Tianqi Industry Trade Co., Ltd.

Competitive Landscape

Top drone propeller producers are putting a lot of effort into developing products that are innovative in order to address different requirements and concerns related to drone technology.

In the drone propellers market, major players employ a competitive price strategy. To increase business, and revenues, companies are forming alliances and collaborating with end-use sectors and governments.

Key Takeaways from Study

  • Global drone propellers market is poised to expand at a CAGR of 6% reaching the valuation of US$ 4,388.2 million by the end of 2033.
  • On the basis of drone type, the market is projected to dominate by quadcopter sub-segment, which is projected to account for 2% of the market share by 2023
  • By end use industry segment, delivery & logistics sector is likely to account for 2% of revenue share by obtaining a valuation of US$ 175.0 million in 2023.
  • East Asia region is expected to register a CAGR of 7% over the forecast period, to be valued at US$ 147.1 million by 2023 end

 Market Development

Drones and robot delivery are not as futuristic as they initially appear, and many businesses anticipate integrating them in the future, opening up new growth opportunities for drone propellers manufacturers.

However, COVID-19 outbreak had a severe impact on the market expansion for drone propellers. But as drones were used extensively in pandemic also the drone accessories including the propellers gained momentum. New designs of propellers that are more durable, light weight, etc. will be more in demand in the long run.

Overall, the drone propellers market is expected to see significant growth in the coming years, with increasing demand for drones driving the market forward. The use of drone propellers is expected to become more widespread as the drone market continues to grow and advances in drone technology lead to increased demand for high-performance propellers.

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Business

Agriculture Drone Market Set to Take Off: Shocking Uptick in Demand Predicted

The market for agricultural drones is anticipated to be valued at US$ 3,807.0 million in 2023 and to grow at a CAGR of 14.1% to US$ 14,237.6 million by the end of 2033. The drone market is anticipated to grow at a 15.3% CAGR through 2023, when it is expected to ship 7.6 million units worldwide. A lot of money is spent on the use of drones in agriculture as a result of technological advancements. By the end of 2022, sales of agricultural drones held a nearly 11% market share worldwide.

The global agriculture drone market is growing rapidly as the technology has become increasingly viable and cost-effective for farmers. According to some estimates, the agricultural drone industry could reach a value of more than $6 billion by 2026. Agriculture drones are used in various activities such as precision spraying and irrigation scheduling, monitoring crop growth and health, soil analysis & mapping etc. This allows precise application of fertilizers, pesticides & herbicides which optimizes yield without damaging crops or affecting neighbouring areas with unintended drift. Drones are also being used to monitor livestock status. They offer an efficient solution that helps save time and money while keeping track on overall farm performance accurately over large acreages at unprecedented speed compared to traditional methods like manual aerial surveys

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Segmentation of Agriculture drone Industry Research

  • By Offerings :
    • Fixed Wing
    • Rotary Wing
    • Hybrid Wing
  • By End Users :
    • Consumer / Civil
    • Commercial
  • By Coverage Distance :
    • Below 3 Km
    • 3-6 Km
    • 6-9 Km
    • Above 9 Km
  • By Application :
    • Precision Agriculture
    • Livestock Monitoring
    • Surveying & Mapping
    • Irrigation
    • Precision Fish Farming
    • Fertilization & Spraying
    • Aerial Imaging
  • By Payload Capacity :
    • Below 5 Kg
    • 5-10 Kg
    • 10-15 Kg
    • 15-20 Kg
    • Above 20 Kg
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Key Companies Profiled

  • 3D Robotics
  • AgEagle Aerial Systems Inc
  • Asteria Aerospace
  • ATMOS UAV
  • Autel Robotics
  • Ayaan Autonomous Systems Pvt. Ltd.
  • Delair SAS
  • DJI
  • Draganfly Innovations
  • General Aeronautics
  • General Aeronautics Pvt. Ltd.
  • Guangdong Syma Model Aircraft Industrial Co. Ltd
  • Hubblefly Technologies Pvt Ltd
  • IIO Technologies

Competitive Landscape

AgEagle Aerial Systems Inc., Asteria Aerospace, ATMOS UAV, Autel Robotics, Ayaan Autonomous Systems Pvt. Ltd., Delair SAS, and DJI are among the makers of agricultural drones.

To keep up with the level of competition in the sports equipment market, manufacturers are focusing on implementing a variety of marketing strategies, such as lowering the prices of manufactured goods, forming partnerships with retailers, launching endorsement programs, using new technologies to produce cutting-edge products, etc.

  • AgEagle Aerial Systems Inc., a US-based drone technology company, will be in operation for more than ten years in April 2021. The business announced the purchase of Measure Global Inc., a leader in aerial intelligence products, for a combined price of around US$45 million in stock and cash.

Why is Demand for Agriculture Drone High in Japan?

When it comes to embracing new technologies, Japan has always maintained its lead. From 11 million farmers in total in 1965 to fewer than 2 million in 2020, the number of farmers in Japan has decreased. As a result, the Japanese government has set a target to adopt agriculture UAVs for more than half of the land area nationwide that is cultivated with wheat, soy, and rice by 2022. These reasons have led to a growth in agriculture drone demand over the past century, which is expected to reach US$ 195.8 million in 2023.

Categories
Business

Unlocking the Potential of Drone Technology in the Target Market

The target drone market is predicted to grow with a CAGR of roughly 15.7% from 2023 to 2033, reaching a valuation of US$ 10,142.9 Million in 2023 and reaching US$ 43,600.8 Million by 2033. The drone market is anticipated to grow at a 17.6% CAGR, reaching an estimated value of $33.9 billion globally in 2023. 30% of the global drone market is occupied by the target drone market. The market for military drones worldwide is expected to reach US$ 23,052.0 million by the end of 2022.

The current market for targeting drones is one that has seen accelerated growth in recent years. This can be attributed to the increased demand from defense and security agencies, as well as civilian applications such as real estate mapping and filmmaking. Targeting drones are equipped with high-tech sensors capable of accurately pinpointing desired targets at long range, making them invaluable tools for surveillance, reconnaissance and target tracking operations. At present, most of these unmanned aerial vehicles (UAVs) are operated by governments or military forces around the world; however due to their increasing affordability they could soon become commonplace among civilians too.

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Key Companies Profiled

  • AeroTargets International LLC.
  • Airbus
  • China’s military UAV
  • Denel Dynamics
  • Embention
  • Griffon Aerospace
  • Kadet Defence Systems
  • Kratos Defense & Security Solutions, Inc.
  • L3Harris Technologies, Inc
  • Leonardo S.p.A.
  • MSP
  • Northrop Grumman
  • QinetiQ
  • Sistemas de Control Remoto
  • Target Arm Inc.
  • UAV Navigation S.L

Competitive Landscape

The target drone technology and other products have been extensively used by numerous countries since the Second World War. Target drones are being used more frequently in the homeland security and defense industries.

Due to technological advancements in target type, platform, payload, speed, and mode of operation, target drones are specifically used in countering cross-border terrorism, combat training for military personnel, smuggling operations, and maritime security.

The designers of these target drones should be the manufacturers’ new area of concentration as they offer them numerous opportunities for business expansion.

  • In January 2022, the US Navy awarded a contract worth US$50.9 million to Kratos Defense & Security Solutions Inc. for the purchase of 65 BQM-177A subsonic air targets.

Key Companies Profiled

  • AeroTargets International LLC.
  • Airbus
  • China’s military UAV
  • Denel Dynamics
  • Embention
  • Griffon Aerospace
  • Kadet Defence Systems
  • Kratos Defense & Security Solutions, Inc.
  • L3Harris Technologies, Inc
  • Leonardo S.p.A.
  • MSP
  • Northrop Grumman
  • QinetiQ
  • Sistemas de Control Remoto
  • Target Arm Inc.
  • UAV Navigation S.L
  • Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Target Drone market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Target Drone market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Target Drone market and assists to create strategies to overcome the obstacles that may hinder the growth of the Target Drone market.
  • Leverage: The Target Drone market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Target Drone market.