Cybersecurity is a comprehensive discipline aimed at safeguarding computer systems, networks, and data against malicious attacks and unauthorized access. This multifaceted field encompasses a diverse array of technologies, processes, and practices meticulously designed to guarantee the confidentiality, integrity, and availability of sensitive information. The paramount objective of cybersecurity is to fortify digital infrastructure and prevent the exploitation of vulnerabilities that could compromise the security of individuals, organizations, or even nations. Through a continuous and dynamic approach, cybersecurity professionals employ cutting-edge tools and strategies to detect, respond to, and mitigate evolving cyber threats, thus fortifying the resilience of the digital landscape in an ever-evolving technological era. As per the latest report released by the Press Information Bureau, the incidents of cybercrimes reported in India have been increasing steadily. The report highlights the alarming rise in various types of online criminal activities such as phishing scams, identity theft, cyberbullying, online financial frauds, ransomware attacks, and hacking attempts.
Figure 1: Number Of Cyber Crime Cases Registered– India (2017-2021)
Source: Press Information Bureau, Government of India
The top 10 applications of cybersecurity are mentioned below:
Network Security Surveillance
Network security surveillance stands as a vital sentinel in the ever-evolving landscape of cybersecurity. Its purpose is unwavering: to continuously monitor and safeguard a network from misuse, unauthorized access, and malicious alterations. This vigilant practice plays a crucial role in safeguarding data transfers, shielding them from the prying eyes and opportunistic actions of cybercriminals. Equipped with the latest threat intelligence, network security monitoring tools act as digital detectives, meticulously scanning networks for suspicious activity. They tirelessly analyze every byte of data, uncovering anomalies and identifying potential threats before they can wreak havoc. This proactive approach allows organizations to anticipate both authorized and unauthorized user actions, significantly reducing the time it takes to respond to security breaches.
Identification and Access Management (IAM)
In the ever-evolving cybersecurity landscape, Identity and Access Management (IAM) stands as a cornerstone, overseeing the digital identities and access controls that safeguard critical corporate information. IAM operates within a framework of policies, processes, and technologies, meticulously designed to ensure that only authorized individuals have access to specific resources, with appropriate justification, for a limited duration. These solutions play a pivotal role in enhancing overall security and mitigating potential risks by employing a multi-pronged approach:
User Identification & Authentication: IAM systems meticulously identify and verify users before granting access, ensuring that only authorized individuals can enter the digital fortress.
Authorization Control: Access privileges are meticulously assigned based on each user’s role and responsibilities, preventing unauthorized individuals from reaching sensitive data or performing restricted actions.
User Provisioning & Lifecycle Management: IAM solutions efficiently automate user onboarding and grant access privileges based on their roles. This ensures users have the precise level of access required to fulfill their duties.
Activity Monitoring & Threat Detection: Continuous monitoring of user activities allows for the identification and prevention of potential security breaches or unauthorized access attempts.
Software Security
In today’s interconnected world, software security has emerged as a critical pillar of cybersecurity, safeguarding software applications and digital solutions from malicious actors. Developers play a pivotal role in this endeavor, seamlessly integrating security practices into the software development lifecycle (SDLC) and testing procedures. This meticulous approach ensures that digital solutions are built with robust defenses, enabling them to withstand and effectively respond to cyberattacks. By prioritizing software security, developers contribute to a safer digital environment, fostering trust and mitigating the potential harm caused by data breaches and system disruptions.
Figure 2: Reported Fraud Losses In United States (USD Billions)
Source: Federal Trade Commission
US consumers lost nearly $8.8 billion to fraud in 2022, up over 30% YoY. Investment and imposter scams accounted for more than $6.4 billion of the losses. The FTC received 2.4 million fraud reports with imposter scams being the most commonly reported.
Malware Detection and Prevention
In the increasingly interconnected world, protecting our digital systems from malicious actors is paramount. This is where malware detection and prevention come into play, acting as essential shields against harmful software designed to wreak havoc on our devices and data. Malware, short for malicious software, encompasses a diverse range of programs with nefarious intent. From stealing sensitive information and hijacking systems to disrupting operations and compromising privacy, the consequences of malware infections can be devastating. Fortunately, a robust arsenal of tools and techniques exists to combat this threat. Malware detection systems utilize sophisticated algorithms to analyze code and identify suspicious behavior.
Threat Hunting
Threat hunting, a cornerstone of effective defense, goes beyond passively monitoring for threats and actively seeks out hidden dangers lurking within networks, systems, and devices. Unlike automated security tools and the initial layers of security operations centers (SOCs), threat hunting is human-driven. This involves skilled professionals employing a unique blend of intuition, strategic thinking, ethical decision-making, and creative problem-solving to uncover potential threats. Through meticulous analysis of data and usage patterns, these “cyber hunters” identify anomalies and suspicious activities that might otherwise go unnoticed. Crucially, threat hunting is distinct from threat detection. While the latter focuses on passively monitoring for known threats, threat hunting takes a preemptive stance, actively searching for potential threats that may not yet be identified.
Security Compliance
Cybersecurity compliance transcends mere adherence to legal mandates. It’s the active implementation of risk management systems incorporating security regulations and standards to safeguard information’s integrity, availability, and confidentiality. This goes beyond ticking boxes on government checklists; it’s a proactive approach to fortifying organizations against a constantly evolving landscape of cyber threats. Compliance serves as a powerful shield against digital attacks like DDoS, phishing, malware, and ransomware. By aligning with established security frameworks, organizations build robust defenses that minimize vulnerabilities and bolster their resilience against cyber intrusions. This proactive stance not only mitigates potential financial and reputational damage from breaches but also fosters trust with stakeholders, including customers, partners, and investors. Cybersecurity compliance provides a structured path to securing this valuable asset, ensuring its integrity and availability for critical operations. By prioritizing compliance, organizations can proactively address security risks, bolstering their digital infrastructure and fostering a culture of security awareness within their workforce. As per the Federal Trade Commission, cases of Identity theft are on the rise with maximum related to Credit card frauds, increasing the incidence of cybercrimes.
Figure 3: Different Categories of Identity Theft in United States (USD Billions)
Source: Federal Trade Commission
Vulnerability Management
Vulnerability management stands as a vital shield against cyberattacks. It’s a continuous process of identifying, prioritizing, and resolving security vulnerabilities within an organization’s IT infrastructure and software. This risk-based approach systematically identifies weaknesses and misconfigurations, allowing for proactive mitigation strategies that keep systems, networks, and applications secure. The core objective of vulnerability management is to minimize an organization’s overall risk exposure. By tackling identified vulnerabilities, organizations build resilience against potential attacks and minimize potential damage if breaches occur. Vulnerability management isn’t just a technical exercise; it’s a strategic imperative for any organization that relies on information technology. By proactively identifying, evaluating, and addressing vulnerabilities, organizations can significantly enhance their cybersecurity posture and protect their critical data assets from known and unknown threats.
Incident Response
In the ever-evolving landscape of cybersecurity, incident response plays a critical role in protecting businesses from the devastating effects of cyberattacks. Defined as the organized and methodical approach to detecting and managing these attacks, incident response aims to minimize damage, expedite recovery, and reduce costs incurred during such events. At the heart of effective incident response lies the incident response plan, a documented roadmap outlining the step-by-step procedures for each critical phase. This includes detection, investigation, containment, eradication, recovery, and breach notification, providing a clear and comprehensive framework for dealing with security incidents.
The Department of Financial Services (DFS), the government of India, conducted a meeting in November 2023 to discuss cybersecurity issues in the financial services sector. The meeting shared that 70 lakh mobile connections have been disconnected so far for involvement in cybercrime/financial frauds, and the sum of 900 crore rupees, which was fraudulently taken, has been recovered successfully, resulting in the benefit of 3.5 lakh victims.
User Authentication
User authentication stands as the gatekeeper of digital spaces, ensuring only authorized individuals gain access to systems, applications, and networks. This crucial process verifies a user’s identity before granting them entry, requiring them to present credentials like usernames and passwords. These credentials are then compared against a secured database of authorized users, acting as a filter against unauthorized access. User authentication plays a vital role in protecting sensitive information and preventing malicious actors from exploiting vulnerabilities. By verifying identities, it helps to safeguard critical data, maintain system integrity, and ensure the overall security of digital platforms.
Figure 4: Investment Scams Related Losses In United States (USD Billions)
Source: Federal Trade Commission
According to recent reports investment scams in the United States have caused a staggering loss of $3.8 billion in 2022, marking a significant increase from the previous year’s figures. This rise in fraudulent activities has resulted in a financial burden on consumers, who have had to bear the brunt of the scams.
Security Logging and Monitoring
Security logging and monitoring are the unsung heroes of cybersecurity, working tirelessly in the background to protect systems and data from harm. These vital processes work in tandem to collect, analyze, and retain security-related data, providing invaluable insights into potential threats and security incidents. Imagine a digital trail of breadcrumbs. That’s what security logging offers. It meticulously records specific activities, events, errors, and system states, capturing the intricate details of an organization’s digital landscape. This information becomes the foundation for security monitoring, which involves continuously analyzing these logs for suspicious patterns and potential security breaches.
Top 10 Cybersecurity Applications
Thought ArticlesCybersecurity is a comprehensive discipline aimed at safeguarding computer systems, networks, and data against malicious attacks and unauthorized access. This multifaceted field encompasses a diverse array of technologies, processes, and practices meticulously designed to guarantee the confidentiality, integrity, and availability of sensitive information. The paramount objective of cybersecurity is to fortify digital infrastructure and prevent the exploitation of vulnerabilities that could compromise the security of individuals, organizations, or even nations. Through a continuous and dynamic approach, cybersecurity professionals employ cutting-edge tools and strategies to detect, respond to, and mitigate evolving cyber threats, thus fortifying the resilience of the digital landscape in an ever-evolving technological era. As per the latest report released by the Press Information Bureau, the incidents of cybercrimes reported in India have been increasing steadily. The report highlights the alarming rise in various types of online criminal activities such as phishing scams, identity theft, cyberbullying, online financial frauds, ransomware attacks, and hacking attempts.
Figure 1: Number Of Cyber Crime Cases Registered– India (2017-2021)
Source: Press Information Bureau, Government of India
The top 10 applications of cybersecurity are mentioned below:
Network Security Surveillance
Network security surveillance stands as a vital sentinel in the ever-evolving landscape of cybersecurity. Its purpose is unwavering: to continuously monitor and safeguard a network from misuse, unauthorized access, and malicious alterations. This vigilant practice plays a crucial role in safeguarding data transfers, shielding them from the prying eyes and opportunistic actions of cybercriminals. Equipped with the latest threat intelligence, network security monitoring tools act as digital detectives, meticulously scanning networks for suspicious activity. They tirelessly analyze every byte of data, uncovering anomalies and identifying potential threats before they can wreak havoc. This proactive approach allows organizations to anticipate both authorized and unauthorized user actions, significantly reducing the time it takes to respond to security breaches.
Identification and Access Management (IAM)
In the ever-evolving cybersecurity landscape, Identity and Access Management (IAM) stands as a cornerstone, overseeing the digital identities and access controls that safeguard critical corporate information. IAM operates within a framework of policies, processes, and technologies, meticulously designed to ensure that only authorized individuals have access to specific resources, with appropriate justification, for a limited duration. These solutions play a pivotal role in enhancing overall security and mitigating potential risks by employing a multi-pronged approach:
User Identification & Authentication: IAM systems meticulously identify and verify users before granting access, ensuring that only authorized individuals can enter the digital fortress.
Authorization Control: Access privileges are meticulously assigned based on each user’s role and responsibilities, preventing unauthorized individuals from reaching sensitive data or performing restricted actions.
User Provisioning & Lifecycle Management: IAM solutions efficiently automate user onboarding and grant access privileges based on their roles. This ensures users have the precise level of access required to fulfill their duties.
Activity Monitoring & Threat Detection: Continuous monitoring of user activities allows for the identification and prevention of potential security breaches or unauthorized access attempts.
Software Security
In today’s interconnected world, software security has emerged as a critical pillar of cybersecurity, safeguarding software applications and digital solutions from malicious actors. Developers play a pivotal role in this endeavor, seamlessly integrating security practices into the software development lifecycle (SDLC) and testing procedures. This meticulous approach ensures that digital solutions are built with robust defenses, enabling them to withstand and effectively respond to cyberattacks. By prioritizing software security, developers contribute to a safer digital environment, fostering trust and mitigating the potential harm caused by data breaches and system disruptions.
Figure 2: Reported Fraud Losses In United States (USD Billions)
Source: Federal Trade Commission
US consumers lost nearly $8.8 billion to fraud in 2022, up over 30% YoY. Investment and imposter scams accounted for more than $6.4 billion of the losses. The FTC received 2.4 million fraud reports with imposter scams being the most commonly reported.
Malware Detection and Prevention
In the increasingly interconnected world, protecting our digital systems from malicious actors is paramount. This is where malware detection and prevention come into play, acting as essential shields against harmful software designed to wreak havoc on our devices and data. Malware, short for malicious software, encompasses a diverse range of programs with nefarious intent. From stealing sensitive information and hijacking systems to disrupting operations and compromising privacy, the consequences of malware infections can be devastating. Fortunately, a robust arsenal of tools and techniques exists to combat this threat. Malware detection systems utilize sophisticated algorithms to analyze code and identify suspicious behavior.
Threat Hunting
Threat hunting, a cornerstone of effective defense, goes beyond passively monitoring for threats and actively seeks out hidden dangers lurking within networks, systems, and devices. Unlike automated security tools and the initial layers of security operations centers (SOCs), threat hunting is human-driven. This involves skilled professionals employing a unique blend of intuition, strategic thinking, ethical decision-making, and creative problem-solving to uncover potential threats. Through meticulous analysis of data and usage patterns, these “cyber hunters” identify anomalies and suspicious activities that might otherwise go unnoticed. Crucially, threat hunting is distinct from threat detection. While the latter focuses on passively monitoring for known threats, threat hunting takes a preemptive stance, actively searching for potential threats that may not yet be identified.
Security Compliance
Cybersecurity compliance transcends mere adherence to legal mandates. It’s the active implementation of risk management systems incorporating security regulations and standards to safeguard information’s integrity, availability, and confidentiality. This goes beyond ticking boxes on government checklists; it’s a proactive approach to fortifying organizations against a constantly evolving landscape of cyber threats. Compliance serves as a powerful shield against digital attacks like DDoS, phishing, malware, and ransomware. By aligning with established security frameworks, organizations build robust defenses that minimize vulnerabilities and bolster their resilience against cyber intrusions. This proactive stance not only mitigates potential financial and reputational damage from breaches but also fosters trust with stakeholders, including customers, partners, and investors. Cybersecurity compliance provides a structured path to securing this valuable asset, ensuring its integrity and availability for critical operations. By prioritizing compliance, organizations can proactively address security risks, bolstering their digital infrastructure and fostering a culture of security awareness within their workforce. As per the Federal Trade Commission, cases of Identity theft are on the rise with maximum related to Credit card frauds, increasing the incidence of cybercrimes.
Figure 3: Different Categories of Identity Theft in United States (USD Billions)
Source: Federal Trade Commission
Vulnerability Management
Vulnerability management stands as a vital shield against cyberattacks. It’s a continuous process of identifying, prioritizing, and resolving security vulnerabilities within an organization’s IT infrastructure and software. This risk-based approach systematically identifies weaknesses and misconfigurations, allowing for proactive mitigation strategies that keep systems, networks, and applications secure. The core objective of vulnerability management is to minimize an organization’s overall risk exposure. By tackling identified vulnerabilities, organizations build resilience against potential attacks and minimize potential damage if breaches occur. Vulnerability management isn’t just a technical exercise; it’s a strategic imperative for any organization that relies on information technology. By proactively identifying, evaluating, and addressing vulnerabilities, organizations can significantly enhance their cybersecurity posture and protect their critical data assets from known and unknown threats.
Incident Response
In the ever-evolving landscape of cybersecurity, incident response plays a critical role in protecting businesses from the devastating effects of cyberattacks. Defined as the organized and methodical approach to detecting and managing these attacks, incident response aims to minimize damage, expedite recovery, and reduce costs incurred during such events. At the heart of effective incident response lies the incident response plan, a documented roadmap outlining the step-by-step procedures for each critical phase. This includes detection, investigation, containment, eradication, recovery, and breach notification, providing a clear and comprehensive framework for dealing with security incidents.
The Department of Financial Services (DFS), the government of India, conducted a meeting in November 2023 to discuss cybersecurity issues in the financial services sector. The meeting shared that 70 lakh mobile connections have been disconnected so far for involvement in cybercrime/financial frauds, and the sum of 900 crore rupees, which was fraudulently taken, has been recovered successfully, resulting in the benefit of 3.5 lakh victims.
User Authentication
User authentication stands as the gatekeeper of digital spaces, ensuring only authorized individuals gain access to systems, applications, and networks. This crucial process verifies a user’s identity before granting them entry, requiring them to present credentials like usernames and passwords. These credentials are then compared against a secured database of authorized users, acting as a filter against unauthorized access. User authentication plays a vital role in protecting sensitive information and preventing malicious actors from exploiting vulnerabilities. By verifying identities, it helps to safeguard critical data, maintain system integrity, and ensure the overall security of digital platforms.
Figure 4: Investment Scams Related Losses In United States (USD Billions)
Source: Federal Trade Commission
According to recent reports investment scams in the United States have caused a staggering loss of $3.8 billion in 2022, marking a significant increase from the previous year’s figures. This rise in fraudulent activities has resulted in a financial burden on consumers, who have had to bear the brunt of the scams.
Security Logging and Monitoring
Security logging and monitoring are the unsung heroes of cybersecurity, working tirelessly in the background to protect systems and data from harm. These vital processes work in tandem to collect, analyze, and retain security-related data, providing invaluable insights into potential threats and security incidents. Imagine a digital trail of breadcrumbs. That’s what security logging offers. It meticulously records specific activities, events, errors, and system states, capturing the intricate details of an organization’s digital landscape. This information becomes the foundation for security monitoring, which involves continuously analyzing these logs for suspicious patterns and potential security breaches.
The Top 10 3D Printing Technology
Thought Articles3D printing is the process of converting a digital design into a three-dimensional object. It can be completed in a variety of ways, typically layer by layer, with material being placed, joined, or solidified under computer control. It is used in rapid prototyping, which allows for the rapid creation of visual or functional prototypes, and in customized manufacturing, which produces personalized products such as medical implants, prosthetics, and dental devices. There are top 10 3D printing technologies that are finding their way into industrial applications are as follows:
FDM (Fused Deposition Modelling)
FDM (Fused Deposition Modelling) is a common method of material extrusion. The material is drawn using a nozzle and heated in a fixed path layer by layer in this 3D printing technology. Fused Deposition Modelling (FDM) is used in the aerospace industry due to its adaptability, low cost, and ability to produce complex parts. Its fast, cost-effective, and versatile manufacturing method allows the production of complex parts and is well-suited for the relatively low volume production and high mix of components in the aerospace sector.
With the help of fused deposition modeling, aircraft engineers can quickly create functional prototypes for fresh designs, allowing them to test and refine their concepts before investing in costly tooling or production runs. Bolstering growth in aircraft manufacturing coupled with technological advancement is expected to positively impact the market demand for FDM.
According to the General Aviation Manufacturers Association (GAMA), the value of airplane shipments in 2022 was $22.9 billion, representing a 5.8% increase over 2021. Furthermore, as per the source in 2022 piston helicopter deliveries increased by 7.2% to 194 units, and civil-commercial turbine helicopter deliveries increased by 8.2% to 738 units. The value of helicopter deliveries in 2022 was $4.5 billion, representing an 8.5% increase as well.
Key Developments
November 2023- Stratasys Ltd., a global leader in polymer 3D printing and additive manufacturing solutions, introduced the F3300 Fused Deposition Modeling (FDM) 3D printer at the Formnext Conference. The FDM printer provides unparalleled value to manufacturing customers with reduced labor, increased uptime, and higher part quality.
November 2021- Raise3D Introduces the RMF500, a large format FFF 3D printer utilizing carbon fiber reinforced materials with Industrial-Grade precision and consistency. It meets the industry’s demand for highly precise measurements and consistency by utilizing the most advanced FFF 3D printing technology and was developed to meet the quality and speed demands of high-level manufacturing to produce end parts that are more rigid, stronger, and more resistant to heat than conventionally 3D-printed parts.
Stereolithography (SLA)
Stereolithography (SLA) is an innovative and widely used 3D printing technology that belongs to the vat photopolymerization family. It is also known as resin three-dimensional printing and is used for layer-by-layer creation of models, prototypes, patterns, and production parts using photochemical procedures. SLA printing is quick and can produce almost any layout, and the printed parts have better surface quality and lack significant anisotropy.
In sectors such as automotive, stereolithography (SLA) printing allows automakers to effectively create models of parts and complete cars in less time, enabling faster design iterations and validation. Automakers can manufacture the final components directly from the printer, eliminating the need for additional machining processes or finishing steps. With the help of stereolithography automotive manufacturers can improve their overall manufacturing efficiency and with the bolstering growth in the global vehicle production rate, the demand for such 3D printing technology is anticipated to show positive growth.
According to the European Automobile Manufacturer’s Association In 2022, 85.4 million motor vehicles were produced globally which represented an increase of 5.7% compared to 2021. Also, as per the same source Greater China, Europe, and North America hold the maximum vehicle production in 2022 which is 27,222, 16,391, and 14,901 units compared to 2021.
Figure 1: Automotive Production in Europe, North America, And Greater China In 2021 And 2022
Source: European Automobile Manufacturer’s Association
Key Developments
July 2023- 3D Systems announced the addition of new materials to its Accura AMX Tough FR V0 Black, Tough FR V0 Black, and JCAST-GRN 20 Stereolithography (SLA). These new materials with outstanding performance allow for the efficient production of end-of-life parts in industries such as automotive.
January 2022- Formlabs, the leading 3D printing company, revealed the launch of the Form 3+ and Form 3B+ printing devices at CES 2022, their fastest 3D printers. Formlabs expands its industry-leading Stereolithography (SLA) 3D printer line with the Form 3+ and Form 3B+, increasing the speed and ease of use of its flagship desktop printer by 40 percent.
Digital Light Processing (DLP)
DLP (Digital Light Processing) is a 3-D printing technology that generates photographic polymer parts quickly. It is very similar to SLA with a single major distinction i.e., SLA tools use a laser to trace a layer while DLP devices use a projected light source to cure the entire layer at once. DLP (Digital Light Processing) printing can help print extremely detailed resin design items such as toys, jewelry molds, dental molds, figurines, and numerous other items.
Besides its ability to cure the entire layer at once such 3D printing technology provides other benefits as well, such as high speed, precision, and non-direct contact with cells, owing to which it is used in a variety of applications such as healthcare. Governments are investing and launching new policies to bolster the healthcare sector which is also expected to increase the prevalence of DLP (Digital Light Processing) 3D printing adoption to offer better healthcare to the consumers.
In April 2023, The National Medical Devices Policy, 2023, was approved by the Indian government. Six strategies are planned to take advantage of the sector’s potential, along with an implementation action plan. The policy is anticipated to help the Medical Devices Sector expand from $11 billion to $50 billion in the next five years.
Key Developments
November 2023– Raise3D launched the DF2 Solution at Formnex. The Raise3D DF2 Solution is a DLP printing system that offers fast printing velocity, flawless surfaces, high precision, and outstanding reliability. It is intended for engineering prototyping, manufacturing aids, and low-volume manufacturing, and it employs a wide range of high-performance resins as well.
5G NTN Evolution: Advancements and Breakthroughs in Connectivity
Thought ArticlesNTN enables connectivity in areas that were formerly inaccessible by terrestrial networks, regardless of whether it be over terrain, or deserts, among others. It accomplishes this by using satellites as well as non-terrestrial vehicles. The capacity to operate in disaster zones and drive potential technologies such as UAMs. Furthermore, by tackling coverage issues and advanced applications that ground-based architecture alone cannot solve, satellites may complement 5G and increase the economic impact of 5G networks.
The backhaul of mobile network services via GEO and MEO networks makes up the majority of the currently operational satellite-based NTN systems. These cellular offerings, which might be 3G/4G or 5G, might be offered in rural locations where traditional backhaul technologies are challenging to set up because of the terrain, distance, or expense. Due to the higher latency brought on by the greater satellite distance, 3G/4G backhaul across the current MEO/GEO satellites has historically proved difficult.
Satellite-Based NTN Platform Types
Platforms
Typical Beam Footprint Size (in Km)
LEO
MEO
100 – 1,000
200 – 3,500
Source: 3GPP
In the above table, three-type of satellite-based NTN platforms are mentioned. Numerous Internet of Things (IoT) applications that can be supported by LEO and GEO utilize NTN technology, especially in distant and difficult-to-reach places. For instance, to democratize the availability of the Internet of Things, Sateliot, the first firm to run an LEO nanosatellite constellation using the 5G-IoT standard, debuted Sateliot_0 “The GroundBreaker” in April 2023.
Additionally, ZTE has collaborated with China Mobile to perform the pilot test using the GEO satellite, taking into account the market demands for space IoT and the significance of NB-IoT NTN applications. To send air-interface messages, an L-band satellite, and terrestrial gateway station are situated between NTN endpoints and base stations.
Various frequency bands are presently being studied for NTN following 3GPP. Several are above 10 GHz and in FR2, while others are in the FR1 legacy band. The FR1 frequencies under consideration right now for NTN are the S-Band (n256) and the L-Band (n255).
5G NTN Spectrum (FR1 and FR2)
Existing 3GPP FR2-1 Bands
Source: 3GPP, Rohde & Schwarz
Major corporations are working together to optimize GEO and NGSO multi-orbit systems to deliver seamless, global availability for D2D application scenarios across significant verticals, namely consumer mobile device, automobile, and Internet of Things (IoT) connections. In February 2023, for instance, to provide the most advanced space-based D2D technologies for international voice, text, and data accessibility, Omnispace, and Ligado Networks declared an MOU that will merge their respective licensed mobile satellite network range. The partnership paves the way for the establishment of multi-band, multi-orbit satellite services that will allow common mobile communication for over five billion mobile subscribers in regions where terrestrial mobile service is currently insufficient. These satellite offerings will utilize huge portions of satellite bandwidth in the L- and S-Bands.
In terms of worldwide network coverage, terrestrial cellular networks do not reach over eighty percent of land and approximately 95% of maritime regions. Smartphones and Internet of Things (IoT) terminals can be combined with terrestrial cellular networks and directly linked to satellites via 5G NTN. This makes it possible to construct and uphold a consolidated network with widespread connections, an abundance of scenarios, firmly linked industry chains and decreased O&M expenses. Emergency connectivity, mining, oil and gas, electrical systems, maritime issues, shipping, animal welfare, and agriculture are just a few areas where 5G NTN can be extensively used.
As a result, prominent companies are proactively developing cutting-edge technologies to leverage the extensive range of application scenarios presented by 5G NTN. An illustrative example is the joint effort of TTP and AccelerComm, leading companies in layer 1 5G IP and autonomous technology, respectively, to develop an advanced 5G LEO Regenerative base station for installation on Low Earth Orbit (LEO) satellites. The project proposes a specific 5G regenerative gNodeB solution designed to provide outstanding performance 5G connectivity in the demanding NTN environment, combining the experience and intellectual property (IP) from the two firms with extra technology from collaborators.
Another instance is the initiative taken by Samsung in February 2023 to precisely forecast satellite positions and reduce frequency offsets brought on by the Doppler shift using its Exynos Modem 5300 reference system for highly dependable NTN connectivity with LEO satellites. Future Samsung Exynos modems will offer two-way text messaging and high-resolution image and video sharing owing to this technology.
According to research by RMIT University, mobile data speeds in Australia’s remote regions with sizable Indigenous populations were 90% slower compared to those in urban regions. Similarly, as per OECD, in rural regions, fixed broadband download speeds of EU and G-20 nations are roughly 50% slower compared to speeds in urban cities.
Digital Divide As Measured By Fixed Broadband Download Speeds (Q4,2020)
Source: OECD
Consequently, the use of satellite-based connectivity could be crucial in utilizing existing communication networks to provide 5G capabilities in the coming years and narrow the digital gap. For instance, Coverage Above and Beyond, a ground-breaking new proposal to offer cell phone service anywhere, was unveiled by T-Mobile and SpaceX in August 2022. T-Mobile intends to offer nearly full coverage in the majority of locations in the United States, including many of the remotest regions that were previously inaccessible by conventional cell signals. It aims to accomplish this by utilizing Starlink, SpaceX’s LEO satellites, and T-Mobile’s sector-leading wireless network.
Several companies such as Space X, Inmarsat, and others are actively researching and creating solutions for the 5G NTN (Non-Terrestrial Network) industry, which is still in its nascent stage. A few of the major companies in the global NTN market are mentioned in the table below. These businesses are making investments in research, development, and use of 5G NTN capabilities to take advantage of the possibilities of extraterrestrial networks for enhancing connectivity and communication capabilities. Below are some of the major developments:
Major Broadband and Satellite Providers, 2023
Operator
Space X (Starlink)
Broadband
Echostar
Broadband
Broadband to IoT
Source: 5G Americas
Conclusion
In conclusion, 5G NTN is a revolutionary technology that can reinvent satellite communication. With its capacity to deliver dependable and fast connections in remote and rural locations as well as its potential applications in a variety of sectors, 5G NTN is positioned to play a significant role in determining the direction of connectivity in the coming years.
Due to rising demand for better accessibility to networks, data-intensive applications, and IoT devices, this market is expanding significantly. Major firms in the market are making significant investments in the creation of cutting-edge technologies to take advantage of the wide range of application scenarios provided by 5G NTN.
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Ageing population has propelled the Vascular Graft Market Growth
Press ReleasesA new analysis report on the vascular graft market which is forecasted between 2021 and 2028 has been published by Knowledge Sourcing Intelligence.
The primary factor bolstering the rise of the vascular graft market is the ageing population. Furthermore, the growing prevalence of kidney diseases is also driving the market growth. For instance, according to the National Institute of Diabetes and Digestive Kidney Diseases, over 37 million Americans, that is more than one in seven U.S. adults, are affected with chronic kidney disease (CKD) Also according to the CDC, the prevalence of chronic kidney disease is highest among individuals aged 65 and older, affecting 38% of this demographic, followed by a 12% prevalence among individuals aged 45 to 64 years.
The vascular graft market was valued at US$6.372 billion in 2021 and is anticipated to grow at a CAGR of 6.42% over the forecasted period to reach a market size of US$9.851 billion in 2028.
A vascular graft is a tube-shaped medical tool employed in vascular surgery, serving to substitute, bypass and repair damaged of diseased blood vessels within the body. It’s designed to redirect or restore proper blood flow within the body. They are typically made from synthetic, semi-synthetic and from natural materials. Vascular grafts play a critical role in the treatment of intracranial aneurysms, renal diseases and for cardiovascular care.
The market is observing numerous product launches and advancements. For instance, in May 2022, UC Davis secured a $3 million grant from CIRM for the development of an innovative intelligent vascular graft designed specifically for hemodialysis in individuals. This device integrates a unique molecule to direct the body’s stem cells, with the objective of preventing failures in synthetic vascular grafts. Also, in September 2021, Terumo Aortic announced the launch of the global surgical graft study, PANTHER, which encompasses a thorough evaluation of the company’s knitted and woven surgical grafts, along with cardiovascular patches.
The vascular graft market, based on source, is segmented into three main categories namely Synthetic, Semi-Synthetic and Natural. Synthetic materials are commonly used in vascular grafts due to their durability, resistance to infection, and ability to withstand high pressures.
The vascular graft market is segmented based on indications into four key categories, namely renal disease, cardiovascular, aneurysms and others. Vascular grafts are employed in cardiovascular procedures to bypass or repair diseased or blocked blood vessels, restoring proper blood flow and reducing the risk of cardiovascular complications.
The vascular graft market, based on its end user, is segmented into two main categories namely hospitals and clinics and ambulatory surgical centers. Hospitals and clinics employ vascular grafts in surgical procedures to support proper blood circulation and assist in patients’ recovery.
North America is poised to experience substantial growth. The rise in the ageing population coupled with the Increasing prevalence of vascular diseases in regions like the United States and Canada has propelled the growth of the vascular graft market in the region. For instance, according to data from the United States Census Bureau, between 1920 and 2020, the U.S. population aged 65 and above expanded nearly five times more rapidly than the overall population growth. In 2020, the demographic aged 65 and over comprised 55.8 million individuals, representing 16.8% of the entire United States population.
The research includes coverage of Getinge Group, W.L. Gore & Associates, B. Braun Melsungen AG, LeMaitre Vascular Inc., Abbott Laboratories, Cook Medical, Terumo Medical Corporation, Cryolife, Medtronic PLC, Endologix Inc. as the significant market players in the vascular graft market.
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The market analytics report segments the vascular graft market using the following criteria:
Blister Packaging Market is projected to grow at a CAGR of 5.13% to reach US$ 14.496 billion by 2028
Press ReleasesA new analysis report on the global blister packaging market, which is forecasted between 2021 and 2028, has been published by Knowledge Sourcing Intelligence.
The blister pack industry is expanding due to consumer desire for appealing and practical packaging options. The market for blister packs will rise in part due to manufacturers’ growing emphasis on developing creative packaging solutions and on shrinking the size of their packaging. The packaging industry’s development and expansion, together with the increasing use of robotic blister packing gear, will all contribute to the market value of blister packs rising. Other drivers that will support the blister pack market growth rate include the development and growth of the pharmaceutical and consumer goods industries, particularly in developing nations, and rising levels of personal disposable income.
As per the report, the global blister packaging market is expected to grow at a CAGR of 5.13% during the forecast period to reach a market size of US$14.496 billion in 2028, from US$10.214 billion in 2021.
Plastic that has been pre-formed and utilized for packaging purposes is known as blister packaging. The formable web in blister packs is created using thermoformed plastic. These moldable webs are utilized to create pockets or holes inside the blister packs. The uses for blister packing are numerous. Blister packing is a common method used by producers to provide their consumers transparency—they can see how the product is actually packed. Paperboard, aluminum foil, or plastic make up the backing of blister packs. Blister packing is used to package broken tablets, capsules, and other medicinal products. Additionally, blister packs are used to package contact lenses with a predetermined quantity of saline solution and are heat-sealed around the outside of the contact lens compartment. The product is shielded from moisture and contamination by blister packs. Blister packaging comes in a variety of formats, depending on the specific packaging requirements. Freshness, a wide variety of packing materials, diversity in design, visibility, security, and customization are just a few benefits of using blister packaging. Growing customer preference for blister packs over conventional bottles for unit dosage packaging in healthcare is responsible for this market expansion. Pre-formed cavities also eliminate the requirement for additional protective packaging materials and cut down on wasteful material consumption for blister packaging producers and manufacturers.
The market is witnessing multiple collaborations and technological advancements, for instance, SÜDPACK Medica presented “PharmaGuard,” a novel blister idea for solid applications, at the Pharma trade exhibition and convention in Geneva in June 2023. Outstanding material qualities define this recyclable packaging idea for the pharmaceutical sector, which may be used as a foundation to enhance their eco-balance. PharmaGuard raises the bar. The top and bottom webs made of PP are produced using a special coextrusion technique and can be assigned to the current material streams as a full mono-material solution. In addition, this solution maintains good yields while saving a significant amount of resources due to the low density of PP. It also delivers exceptional material efficiency.
Based on type the global blister packaging market is divided into compartments, slides, and wallets. Among these, the compartment segment emerged as a prominent segment fueling market growth and is poised to dominate over the forecast period. The market expansion for compartment blister packaging is ascribed to its advantages, which include increased protection, adaptability, and aesthetically pleasing packaging. Compartment packaging is very adaptable and may be produced in the size and form that is needed. Additionally, by customizing the packaging with images and logos, these packaging options may be made to stand out from the competition and help customers distinguish their products.
Based on material the global blister packaging market is divided into PVC, PVDC, PP, and others. Among these, the PVS sector had the major market share. The PVC segment is anticipated to expand significantly over the forecast period. The healthcare sector’s expansion, the emergence of e-commerce and home delivery services, the need for convenience and portability, technological developments in blister packaging, and the expansion of developing nations have all contributed to the PVC blister packaging market’s recent steady expansion.
Based on technology the global blister packaging market is divided into cold-form and thermoformed. Thermoforming has the most market share in the blister packaging industry worldwide because of its numerous applications in the end-use sectors, including food and healthcare. In addition, the thermoforming process requires less expensive starting tools and equipment than cold forming and hence is widely used driving market growth.
Based on end-user the global blister packaging market is divided into consumer goods, food and pharmaceuticals. Among these, the pharmaceutical sector led the market share and is likely to grow significantly over the forecast period. This is explained by the fact that it is being used more frequently in the packaging of different medical items, including medical gadgets, over-the-counter medications, and prescription pharmaceuticals. Blister packs provide unit dosages of prescription medications with product protection, tamper-evident features, and convenience. The burgeoning trend of smart blister packaging is also propelling the blister packaging market expansion in the healthcare industry.
Based on Geography the Asia Pacific held the major market share and is likely to dominate over the forecast period. Product demands from the personal care, electronics, and healthcare sectors for items like mobile charging cables, testers, generic medications, and liquid cosmetics are driving the growth of the blister packaging market in Asia Pacific. Pharmaceutical firms are under additional pressure to provide more medications so that patients can access them due to the growing emphasis on population health management and the emergence of new ailments in the region. Due to its sizable consumer goods and pharmaceutical sectors, China held one of the biggest market shares in the Asia Pacific region. The demand for the consumer goods and pharmaceutical sectors has surged due to the expanding population and disposable income of consumers.
As a part of the report, the major players operating in the global blister packaging market, that have been covered are Amcor Limited, Sonoco Products Company, WestRock, Honeywell International LLC, Tekni-Plex Inc., Dow Chemical Company, Klöckner Pentaplast Group, Constantia Flexibles, Mister Blister, VisiPak, Ecobliss Holding BV, Catty Corporation, perlen packaging, and more.
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The market analytics report segments the global blister packaging market on the following basis:
Animation Market Expected To Thrive With Growing Demand For Content Animation
Press ReleasesA new analysis report on the global animation market, which is forecasted between 2021 and 2028, has been published by Knowledge Sourcing Intelligence.
The prime factors propelling the global animation market growth are the rising demand for animated content, technological advancements, the growing popularity of streaming services, the expanding application of animation, and the global reach of animation.
The global animation market is expected to grow at a CAGR of 5.34% from US$369.014 billion in 2021 to US$531.237 billion in 2028 during the forecast period.
Animation is the art of creating moving images. It is used in a wide variety of applications, including entertainment, education, advertising, and marketing. The future of the animation market is expected to be characterized by continued growth and innovation. The market is expected to grow as new technologies emerge and new applications for animation are developed. Additionally, the demand for animation is expected to continue to grow as animation becomes an even more integral part of our lives.
The market is witnessing multiple collaborations and technological advancements, for instance, In August 2022, Cinesite acquired a majority stake in VFX studio FX3X, expanding its global presence and bolstering its expertise in visual effects production. This acquisition brings together two industry leaders, combining Cinesite’s extensive experience in feature films and episodic television with FX3X’s renowned talent in creative VFX supervision and production management.
Based on type, the global animation market is divided into traditional, 2D vector-based, 3D computer, motion graphics, and stop motion. 3D computer animation is expected to experience the fastest growth in the global animation market. Technological advancements in 3D computer animation software and hardware have made it easier and more affordable to create high-quality 3D animation. This has led to an increased demand for 3D animation in various sectors, including entertainment, education, and advertising.
Based on components, the global animation market is divided into software and services. The software segment is expected to dominate the market throughout the forecast period. The demand for advanced animation software is increasing as animators and studios seek to create more realistic and visually appealing animation. The adoption of cloud-based animation software is increasing as it offers several advantages over traditional on-premises software, such as scalability, flexibility, and cost-effectiveness.
Based on the deployment model, the global animation market is divided into on-premise and cloud. The cloud deployment model is expected to grow significantly in the global animation market due to several advantages it offers over on-premise deployment. Cloud-based animation solutions offer seamless scalability, allowing studios to adjust their computing resources based on their project requirements. This eliminates the need for upfront investments in hardware and infrastructure, reducing costs and enabling studios to handle fluctuating workloads efficiently.
Based on the industry, the global animation market is divided into media and entertainment, education, retail, healthcare, manufacturing, and others. Media and Entertainment is the largest segment of the animation market. The demand for animated content is increasing across various media, including movies, television shows, video games, and streaming services. Technological advancements are also leading to the development of new and innovative animation techniques, which are further fueling the growth of this segment.
Based on Geography, North America is expected to capture a significant share of the global animation market. North America is home to some of the world’s largest and most renowned animation studios, such as Walt Disney Animation Studios, Pixar Animation Studios, DreamWorks Animation, and Warner Bros. Animation. These studios are responsible for producing some of the most popular animated films and television shows in the world, which drives demand for animation services in the region. North American audiences have a strong appetite for animated content, across all age groups. This demand is driven by a variety of factors, including the popularity of animated films and television shows, the growing use of streaming services, and the increasing popularity of video games.
As a part of the report, the major players operating in the global animation market, that have been covered are Serif Ltd., DWANGO Co. Ltd., Blender Foundation, Synfig Studio, Toon Boom Animation Inc., Adobe Inc., Autodesk Inc., iPi Soft LLC., Clara.io (Exocortex Technologies Inc.), Smith Micro Software Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-animation-market
The market analytics report segments the global animation market on the following basis:
Ghost E-commerce: The Force Transforming the Retail Landscape
Thought ArticlesToday’s business landscape has undergone a remarkable transformation, primarily fuelled by the rise of e-commerce. This shift has introduced a notable trend called ghost e-commerce, rapidly gaining momentum within the digital sphere. Ghost e-commerce represents a significant departure from traditional business models, enabling enterprises to establish and profit from brands without the need to produce their own products or services. In the competitive realm of online commerce, where visibility and market presence are paramount, this emerging force quietly reshapes the landscape by facilitating the sale of products or services without maintaining a physical storefront.
So, what exactly is ghost E-commerce?
Ghost e-commerce works with the integration of augmented reality (AR) and virtual reality (VR) technologies into the e-commerce sphere, offering customers an immersive and lifelike shopping encounter from the comfort of their homes. In ghost e-commerce, brands collaborate with suppliers, manufacturers, or third-party vendors to fulfill orders and handle inventory. The primary focus lies in building a strong brand, curating product selections, and managing the online storefront, leaving the logistics and production aspects to external partners.
Distinguishing Features
Ghost e-commerce deliberately avoids establishing a direct online storefront, foregoing traditional websites or branded platforms. Instead, it operates through stealth, utilizing other established marketplaces or platforms like social media, forums, or underground websites.
These entities often operate under pseudonyms or aliases, conducting transactions discreetly to maintain anonymity. They prioritize privacy and confidentiality in their dealings, appealing to a specific niche seeking discretion in their online transactions.
Ghost e-commerce businesses typically focus on building a strong brand and marketing their products or services to customers as they rely heavily on their brand identity to attract and retain customers. This necessitates a clear and consistent brand message that resonates with the target audience, encompassing elements such as brand voice, visual identity, and brand values.
Why Ghost E-commerce?
Ghost e-commerce offers several advantages over traditional e-commerce models, including:
It eliminates the overheads associated with maintaining physical stores, saving on expenses like rent, utilities, and staffing. Without the need for inventory management or the investment in brick-and-mortar infrastructure, brands can allocate resources more efficiently toward other crucial areas, such as marketing or product innovation.
By outsourcing the technicalities of online sales to specialized providers, brands can redirect their focus toward their core competencies. This might include doubling down on product research and development, devising creative marketing strategies, or nurturing deeper customer relationships. With the operational burden offloaded, brands can excel in their specialized domains, driving innovation and fostering customer loyalty.
Ghost e-commerce solutions are adaptable and customizable, catering to the unique needs and branding aspirations of each brand. From the interface design to the overall user experience, these platforms offer flexibility and agility, accommodating specific brand aesthetics and customer preferences. Such tailored solutions enable brands to stand out in a competitive market by delivering unique and personalized experiences to their customers.
Ghost e-commerce platforms are designed to grow with businesses. They possess the agility to scale seamlessly, accommodating sudden spikes in sales volumes or expanding operations to new markets without significant disruptions. This scalability ensures that businesses can adapt to changing market demands swiftly, avoiding constraints that often hinder traditional setups.
It seamlessly integrates across multiple digital channels, offering customers a unified shopping experience. This integration spans websites, mobile apps, and social media platforms, ensuring a consistent brand experience regardless of the channel through which customers interact. This cohesive approach bolsters brand recognition and customer engagement, enhancing the overall shopping journey.
The impact of ghost E-commerce
Ghost e-commerce has revolutionized traditional retail operations by enabling businesses to focus on their core competencies, such as product development and marketing, while outsourcing the technical aspects of online sales to specialized providers. This shift has led to increased efficiency, reduced costs, and improved profitability for many brands.
Ghost e-commerce transcends geographical boundaries. Online stores can access a global audience without the need for physical storefronts in various locations. This facilitates market expansion and provides opportunities for businesses to cater to diverse consumer preferences worldwide.
With a stronger focus on branding and customer engagement, ghost e-commerce prompts innovative approaches to customer experience. Virtual try-ons, personalized recommendations, and interactive storytelling enhance customer engagement and satisfaction.
By reducing the barriers to entry, it empowers new players to compete with established brands. This fosters a more dynamic and innovative market environment. Also, Entrepreneurs and businesses seeking rapid market entry find ghost e-commerce appealing due to reduced overhead costs and the ability to swiftly adapt to market fluctuations.
Ghost e-commerce business model:
The business model of ghost e-commerce revolves around providing the technology and expertise to power the online sales of other brands without maintaining a physical storefront or inventory.
Ghost e-commerce businesses provide the technical infrastructure and software solutions that enable brands to sell their products or services online. This includes e-commerce platforms, payment gateways, product management tools, and order fulfilment systems.
Ghost e-commerce providers offer their expertise in e-commerce strategy, marketing, and customer relationship management (CRM) to help brands optimize their online sales and marketing efforts. They may also provide consulting services to help brands integrate their e-commerce operations with their existing systems and processes.
Ghost e-commerce businesses often establish partnerships with third-party service providers, such as shipping carriers, payment processors, and marketing agencies, to provide a comprehensive suite of e-commerce solutions to their clients. They also work with brands to integrate their e-commerce platforms with existing websites, mobile apps, and social media platforms.
Ghost e-commerce businesses typically generate revenue through a combination of methods including, charging a monthly or annual fee for access to their e-commerce platform and services, taking a percentage of each online sale processed through their platform, charging a one-time fee for setting up and configuring their e-commerce platform for a client. and charging for their expertise in e-commerce strategy, marketing, and CRM.
Ghost e-commerce businesses typically target a wide range of businesses, including, Established brands with an existing customer base and a strong brand identity that want to expand their online presence, Direct-to-consumer (DTC) brands that want to establish an online presence without the need to invest in physical stores or inventory management and small businesses that want to streamline their online sales operations and focus on their core competencies.
How Businesses Can Harness the Power of Ghost Commerce?
Ghost E-commerce offers a wealth of opportunities for businesses. Here are some strategies businesses can employ to leverage this trend:
Conclusion
In conclusion, ghost e-commerce stands as a paradigm-shifting concept, challenging traditional retail norms with its intriguing approach. With thorough planning, strategic partnerships, and ongoing maintenance, businesses can successfully navigate the complexities of ghost e-commerce and reap the rewards of its groundbreaking capabilities. This emerging realm holds immense power to reshape the future of online trade, enabling businesses to craft novel, immersive shopping experiences that redefine customer satisfaction and loyalty.
Residential Energy Storage Market is estimated to reach a market size of US$57.645 billion by 2028
Press ReleasesA new analysis report on the global residential energy storage market, which is forecasted between 2022 and 2028, has been published by Knowledge Sourcing Intelligence. Residential energy storage system use is anticipated to increase in the future due to the rapid rise of renewable energy sources like solar power. Residential energy storage systems are becoming more and more popular among consumers looking to save their electricity expenses. The capacity of home energy storage systems to store renewable energy, such as solar output, and therefore reduce ecological footprint is driving market expansion.
As per the report, the global residential energy storage market is expected to grow at a CAGR of 19.82% during the forecast period to reach a market size of US$57.645 billion in 2028, from US$16.257 billion in 2021.
The application of energy storage devices intended for usage in residences and other residential structures is referred to as the residential energy storage system. With the help of residential energy storage devices, homeowners may store energy from renewable sources like solar panels and the grid for use when power prices are lower. When there is a power outage or during periods of peak demand, this stored energy can be utilized. These kinds of systems usually include batteries, inverters, and monitoring devices that let homeowners monitor how much energy they use and produce. Energy storage devices for homes can be incorporated into pre-existing solar photovoltaic systems or installed separately. The main factor driving market revenue growth is the declining cost of batteries. The demand for lithium-ion batteries in home energy storage systems is rising as a result of the power industry’s development of battery storage. The worldwide residential energy storage market is expanding as a result of rising installations of home energy storage systems in developed nations due to customer demand for increased battery resilience, control, and dependability. The increasing number of home energy storage system installations is outpacing utility-scale storage installations due to the great value that customers are placing on owning their storage systems. Growing demand for domestic energy storage systems is being fueled in part by recent drops in the cost of a system per kilowatt-hour.
The market is witnessing multiple collaborations and technological advancements, for instance, Toyota launched the O-Uchi Kyuden System, a household battery solution, in June 2022, marking its entry into the energy storage sector. Toyota introduced a battery storage system with a rated output of 5.5 kWh and a rated capacity of 8.7 kWh. The system makes use of the company’s electric car battery technology. The system may power a house day and night when it is coupled to a solar rooftop system. The startup wants to market the storage system in Japan at first.
Based on power type the global residential energy storage market is divided into 3-6 kW and 6-10 kW. The 6-10 kW sector is expected to continue holding the top spot in terms of market share throughout the projected period. The main factors driving this segment’s growth are the persistent problems with unstable electricity supplies and protracted blackouts in emerging nations in Asia Pacific and Africa. The necessity for dependable power solutions in these areas to lessen the effects of erratic electrical networks and guarantee continuous access to electricity is what fueling the segment growth
Based on technology type the global residential energy storage market is divided into lithium-ion, lead acid, flow and sodium nickel chloride. When compared to other battery technologies, lithium-ion technology is anticipated to expand at the fastest pace throughout the anticipated period. This increase is explained by the fact that lithium-ion batteries have a higher energy density than lead-acid batteries. Because of this, the lithium-ion category is expected to develop significantly during the projected period, propelling the growth of the market as a whole.
Based on connectivity type the global residential energy storage market is divided into on-grid and off-grid. The market was dominated by the on-grid category, which is expected to continue to have a dominant position over the forecast period. Due to the increasing usage of on-grid systems in residential buildings, this industry is growing. The excess energy produced may be transferred to the relevant grid owner with the use of on-grid devices, enabling the user to accrue credit that can be redeemed at the end of the year. Another benefit of being grid-tied is that it eliminates the need to buy a costly battery backup system to store any excess energy. These factors are expected to drive demand for on-grid home energy storage systems throughout the projected period.
Based on Geography the North American market held major market proportions, The domestic energy storage market in the United States is expected to continue expanding rapidly after undergoing a remarkable period of growth in recent years. Manufacturers of energy storage systems for homes now have several options. The need for customers to become more robust, changes to net metering regulations, and the financial rewards associated with installing a home energy storage system are driving the industry. Furthermore, American customers are showing an increasing interest in integrating energy storage with solar photovoltaic systems. The commercial outlook will be boosted by strict government requirements on decarbonization and the deployment of clean and energy-efficient technologies. The cost of solar systems has decreased and favorable government subsidies have increased the appeal of these technologies to homes. Moreover, the market for these systems will be fueled by favourable regulatory attitudes toward the implementation of workable solar changes as well as strict requirements to maximize energy.
As a part of the report, the major players operating in the global residential energy storage market, that have been covered are Tesla, BYD Motors Inc., Trojan Battery Company, LLC, Saft, Enphase Energy, Magellan Power, LG Energy Solution, Huawei Technologies Co., Ltd., Samsung SDI Co., Ltd., SMA Solar Technology AG.
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The market analytics report segments the global residential energy storage market on the following basis:
Structural Adhesives Market size worth US$11.798 billion by 2027
Press ReleasesThe structural adhesives market is anticipated to grow at a CAGR of 4.47% reaching a market size of US$11.798 billion in 2027 from US$8.689 billion in 2020.
The prime factors propelling the growth of the Structural Adhesives Market are the growing need for adhesives in construction, rising use in the automotive industry, and planned infrastructure expansions.
As per the report, the market for Structural Adhesives Market is expected to grow at a steady pace
Adhesives known as structural adhesives are used to bind materials like metals, thermoplastics, composites, and others. The market is being driven by the creation of modern passenger cars, light commercial vehicles, and brand-new aircraft that use a lot of composite materials. More uses of lightweight materials with high-performance benefits in automobiles are projected to drive the market. The need for smart and sophisticated construction solutions that increase construction’s efficiency and durability is soaring due to the significant surge in infrastructure development around the world. This has led to an increase in the demand for energy production infrastructure that makes use of structural adhesives to maintain structures that are lightweight, effective, and efficient without compromising structural strength. These factors are expected to drive the future growth of the market.
The Structural Adhesives market has been categorised on the basis of type, industry verticals, and geography.
By type, the market has been classified based on Epoxy, Acrylic, Urethanes, Methyl Methacrylate, and Others. Epoxy is the most commonly used structural adhesive as it can bind a variety of materials, has a high strength, emits few volatile organic compounds (VOCs) during the curing process, and can support heavy loads. Epoxy resin adhesive has seen an upsurge in demand, particularly for applications in the automotive, industrial maintenance, aerospace, and concrete coatings industries.
By industry verticals, The market has been classified based on Automotive, Energy and Power, Construction, Consumer Electronics, Aerospace and Defence, and Others. In order to assure lightweight and impact resistance, the automotive and aerospace sectors have begun to use structural adhesives. The market for automotive additives is being stimulated by the rise of lightweight construction.
Given its rapid industrialization, urbanisation, and high economic growth, Asia-Pacific currently dominates the structural adhesives market and will likely maintain this trend. Due to faster adoption of adhesives in automotive and industrial manufacturing, the Asia-Pacific region is said to hold the highest market share. Additionally, the region is expected to become a lucrative growth market due to the explosive growth of the consumer electronics industry, where structural adhesives are used for conductive films, electronic assembly, and other applications.
The market for structural adhesives was affected as a result of the COVID-19 outbreak. The industry has suffered enormous losses as a result of the shutdown of the majority of sectors, including the construction and automobile industries. Due to fewer passengers and widespread lockdowns, the aerospace industries were also shut down. Due to this, the sector’s overall market demand has decreased, which has reduced revenue.
As a part of the report, the major players operating in the Structural Adhesives market that have been covered are 3M, DuPont de Nemours, Inc., SIKA AG, Scott Bader Company Ltd., ITW Performance Polymers, Arkema, Lord Corporation, Henkel AG, Shanghai Huitian New Material Co., Ltd.
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This analytics report segments the Structural Adhesives market on the following basis:
Polycarbonate Sheet Market is estimated to reach a market size of US$2.306 billion by 2028
Press ReleasesA new analysis report on the global polycarbonate sheet market which is forecasted between 2022 and 2028, has been published by Knowledge Sourcing Intelligence. The primary factor expected to propel the growth of the worldwide polycarbonate sheets market is the rising demand for these sheets due to their unique qualities in the automotive and transportation sectors, as well as the growing need for automobiles that are lightweight and fuel-efficient. Considering polycarbonate sheets are lightweight and extremely impact-resistant, they are the perfect material for use in automobile applications including window glazing, instrument panels, and headlight lenses. Furthermore, polycarbonate sheets provide superior impact resistance compared to conventional materials like glass. They can thereby contribute to the vehicle’s weight reduction, increasing fuel economy and reducing emissions in addition to offering superior impact resistance and optical clarity.
As per the report, the global polycarbonate sheets market is estimated to grow at a CAGR of 4.24% during the forecast period to reach a market size of US$2.306 billion in 2028, from US$1.724 billion in 2021.
A transparent thermoplastic that comes in sheets is called polycarbonate. Thermoplastic polymers are plastic materials that solidify at low temperatures and become moldable at higher ones. Polycarbonate is very impact-resistant since it is very resilient and absorbs very little moisture. It also resists chemicals and flames. Polycarbonate sheet is hygienic, clear, and long-lasting. Because of its many advantages, including simplicity of manufacturing, cheap cost, adaptability, resistance, sound barrier, UV protection, etc., polycarbonate sheets may be used in place of glass and acrylic in a variety of applications. There are several thicknesses and grades available for these sheets. They weigh far less than glass and are stronger, more resilient, and less likely to break or crack. Because polycarbonates are easily molded and thermoformed, they are utilized in a variety of applications, including window glazing, skylights, riot shields, medical equipment, food processing, and exhibitions, and displays. Polycarbonates are strong, durable materials used in engineering. Polycarbonate sheets are widely recognized for their exceptional resilience to impacts and longevity. Polycarbonate sheets are the best way to improve living areas, both indoors and out, because of their excellent UV protection and great insulating qualities. The growing demand from end-use industries across a range of end-use sectors and the growing popularity of polycarbonate over traditional materials are predicted to fuel expansion in the global polycarbonate sheets market over the projected period. Thermoplastic polymers are very effective and in great demand in the automobile sector due to the growing need for lightweight, high-performance, and recyclable materials for applications involving both exterior and interior elements.
The market is witnessing multiple collaborations and technological advancements, for instance, Trinseo announced the opening of their polycarbonate (PC) dissolving pilot facility in Terneuzen, the Netherlands, in May 2023. This is a significant step towards a sustainable future as it will allow them to extract 100% recycled polycarbonate for the manufacturing of new materials.
Based on type the global polycarbonate sheet market is divided into solid, corrugated, and multiwall. During the forecast period, the solid segment is anticipated to have the highest share of the polycarbonate sheets market by type. In terms of impact resistance and light transmission, a solid polycarbonate sheet performs better than a hollow polycarbonate sheet. As a result, it works particularly well in situations where light is required immediately, including lamp boxes, hood lighting, industrial stores, and greenhouses. In terms of clarity, a solid polycarbonate sheet resembles glass. These sheets are ideal for a variety of applications due to their outstanding light transmission, strong impact strength, lightweight design, superior thermal insulation, and flame resistance.
Based on end users the global polycarbonate sheet market is divided into electrical and electronics, automotive, construction, agriculture and others. Throughout the forecast period, the building and construction sector is anticipated to hold the top spot among the polycarbonate sheet market’s end-use industry segments. Applications in building and construction are growing as more architects become aware of the advantages of using polycarbonate sheets for cladding, skylight roofing, and other applications that call for a high level of aesthetic appeal combined with sustainability and sturdiness. The product’s excellent impact and heat resistance, great optical clarity, lightweight and durability, and other qualities make it useful as well. Since it works well as an alternative to glass materials or acrylic sheets, there will likely be a large increase in demand shortly. Glass-clad laminates are widely employed in the industry because they provide resistance to powerful ballistics as well.
Based on Geography the Asia Pacific dominated the market share. Owing to its rapid industrialization and expanding economy, the Asia Pacific region held a large proportion of the worldwide market. There is a growing need in the Asia Pacific region to replace traditional materials like glass, wood, metal, and others. This need is particularly present in developing nations like China, India, Thailand, and Indonesia. When it comes to the rapidly expanding aviation sector in Asia Pacific, China leads the way. A key driving force behind the need to decrease vehicle weight and improve fuel efficiency is the aviation sector, which also has additional uses for interior décor. It is anticipated that this will encourage the product’s growth in the area throughout the projection period.
As a part of the report, the major players operating in the global polycarbonate sheet market, that have been covered are Covestro AG, SABIC, 3A Composites GmbH, Mitsubishi Chemical Corporation, Gallina, Palram Industries Ltd., Emco Industrial Plastics, Trident Plastics, Inc., UVPLASTIC Material Technology Co., Ltd, Ug Plast Inc.
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These analytics report segments the global polycarbonate sheet market on the following basis: