Light Weapons Market will exhibit a CAGR of 4.67% during the forecast period, and reach USD 17.33 billion by 2027, and the Market value as per 2019 was USD 12.61 billion. Fortune Business Insights™ in a new report, titled, “Light Weapons Market Size, Share & COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar, Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-Tank Missiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided), Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” Light Weapons Market Drivers and Restraint: Wide Availability and Low Cost of Weapons to Propel the Growth of the Market The weapons are majorly used by military, civilian, and police use. There are plenty of weapon suppliers around the world that manufacture weapons in a variety of configurations. With the increasing lethality of submachine guns, rapid-fire assault rifles drive the growth of the market. Furthermore, these weapons are easily portable and concealable, thus, easier for transportation to battlegrounds. It requires less training to operate these weapons as they are highly durable and low maintenance. Growing contracts for light weapons from military forces and homeland security for strengthening armed forces can propel the growth of the market. Increasing Terrorist Activities and Civilian Conflicts Drive the Growth of the Market Rising terrorist activities, cross border disputes, and political unrest between neighboring countries creates demand for light weapons. Growing military modernization programs and the expansion of defense forces drive the growth of the market. Furthermore, rising defense expenditure and increased spending on research and development will boost the key market. Technological advancements in weapons manufacturing such as laser systems in light cannons increased the range of anti-tank missiles; precision-guided firearms drive the market. List of Key Players Covered in the Light Weapons Market Report: • ARSENAL (Bulgaria) • BAE Systems (The U.K) • FN HERSTAL (Belgium) • General Dynamics Corporation (The U.S.) • Heckler & Koch GmbH (Germany) • Lockheed Martin Corporation (The U.S.) • Northrop Grumman Corporation (The U.S.) • Raytheon Technologies Corporation (The U.S.) • Rheinmetall AG (Germany) • Saab AB (Sweden) • Thales Group (France) To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/light-weapons-market-103529 Some of the key industry developments in the Light Weapons Market Include: • January 2020 – Canadian military forces signed a contract of worth USD 96.97 million with Colt Canada of Kitchener to supply 3,626 new C6A1 FLEX general-purpose machine guns. • July 2019 – BCF Solutions Inc., and Trijicon Inc. had signed a contract of worth USD 48.8 million with the U.S. Army to deliver modern mounted machine gun optic for machine gunners firing the M240 and M2/M2A1, as well as the MK 19 grenade launcher.
November 3 2020
Electrical Insulation Tape Market will exhibit a CAGR of 4.04% during the forecast period, and is projected to reach USD 15.2 billion by 2027, and the Market value as per 2019 was USD 12.8 billion.
Fortune Business Insights™ in a new report, titled, “Electrical Insulation Tape Market Size, Share & COVID-19 Impact Analysis, By Material (PVC, Glass cloth, PET, and Others), Application (Electrical & Electronics, Aerospace, Industrial and others), and Regional Forecast, 2020-2027.”
Electrical Insulation Tape Market Drivers and Restraint:
Modernization of Electricity Grid is Fostering Demand for Electrical Insulation Tape
The energy needs have been rapidly increasing since the beginning of the 21st century. With the changes in technology and equipment, modernizations of the existing grid and supporting the aging electrical infrastructure have become the need of the hour. Governments around the world are promoting the modernization of the electricity grid anticipating the growing needs of the increasing population in the coming years. As a result, the demand for transformers is increasing in double digits to support the demand for smart grids, micro grids, and others. Various electrical insulation tapes are required in these transformers to address their optimum performance at operating temperatures.
Increasing Penetration of Consumer Electronics to Bode Well for Growth of Market
Asia-Pacific is the hub for manufacturing consumer electronics in the world owing to the strong presence of semiconductor and other necessary industries in the region. The low wages of workers also healthily support the manufacturing activities in the region. Thus, the abundant amounts of these tapes are consumed in manufacturing consumer electronics, as well as white goods. Moreover, with the increasing disposable income in the emerging countries, the demand for consumer electronics is also surging. E-commerce has further fueled the sales of consumer electronics which indeed is supporting the growth of the market.
RESTRAINING FACTORS:
Alternative Technologies Likely to Confine Market Growth
There has been an increasing adoption of insulating adhesive solutions, especially in the manufacturing of gadgets and miniaturized electronic goods. These adhesives are applied on components such as resistors, diodes, transistors, and other heat-sensitive components. These adhesives are thixotropic in nature and are epoxy-based systems that make them durable and suitable for miniaturized electronics. With the increasing miniaturization, the demand for such adhesives is expected to go up, thus hampering the demand for these tapes in electronics. Moreover, in certain cases where the chances of fires are high, the use of low-quality insulation tapes can easily catch fires, thereby damaging the property. Thus, for high temperature applications, alternate technologies are preferred over these tapes.
List of Key Players Covered in the Electrical Insulation Tape Market Report:
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/electrical-insulation-tape-market-103476
Some of the key industry developments in the Electrical Insulation Tape Market Include:
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