Armored Vehicles MarketAs per the GMI Research report, the armored vehicles market is anticipated to witness a CAGR of 5.8% over the forecast period. Armored vehicles are used in several applications in defense and commercial uses. The adoption of unmanned combat vehicles and the rising demand for bulletproof vehicles will drive the market growth.
Request for a FREE Sample Report on Armored Vehicles Market Armored Vehicles Market Dynamics The demand within the global armored vehicles has been growing on account of innovations in the defense industry of various regions. The prevalence of various leading entities within a nation’s defense sector needs the better weaponry and equipment. With the rising terrorism and cross-border conflicts will create huge opportunities for the market. The government is mainly investing in their defense industry and have introduced military advancement plans, which will proffer the market growth. Government across several nations have proactively raised the utilisation of sophisticated machinery to handle emergencies resulted by insurgencies and militant attacks. This expansion has bolstered the Armored vehicles market size. Besides this, as per the global Armored vehicles market report, the emphasis towards protecting soldiers and the evolving awareness about commercial safety has persuaded the defense and military industry to choose armored vehicles. However, the scarcity of major OEMs in the Middle East and Asia Pacific Region and the rising cases of electric failure in the vehicles is likely to restrain the Armored vehicles market share. Regional Drivers On the basis of the region, the Asia-Pacific region will witness a substantial CAGR in the global Armored Vehicles market during the forecast period. This is attributed to the intensified expenditure on defense operation by developing economies, and the surge in terrorism activates in this region. Growing defense budgets in Asian countries, primarily China and India and the augmenting acquisition of armored vehicles for their military operation will further strengthen the market growth. About GMI Research GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com For More Info: Military Robots Market In-flight Entertainment & Connectivity Market Aircraft Seating Market Aircraft Seat Actuation System Market
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Digital Scent Technology MarketThe global Digital Scent Technology Market is projected to witness a considerable CAGR of 11.8% over the forecast period. The increasing usage of digital scent technology in military sector because of the growing incidences of bomb blasts has accelerated the market growth.
Request for a FREE Sample Report on Digital Scent Technology Market Digital Scent Technology Market Dynamics Digital scent technology is an essential application for e-nose. Digital scent allows the transmission of odor over the internet. The increasing adoption of digital scent technology in the medical industry because of the enforcement of e-nose in clinical prognosis will stimulate the Digital Scent Technology market share. In parallel, it is used in aromatherapy to treat various diseases by using a different type of smell. For instance, NASA, in 2021, executed E-nose to perceive COVID-19 by discovering a person’s breathe. It also finds its usage in aromatherapy for curing several diseases by deploying a different type of smell. Earlier NASA’s E-nose helps in administering air quality inside spacecraft via smartphones. NASA’s initiative was financed by the Department of Health and Human Services with USD 3.8 million to improve E-nose technology. As per the Digital Scent Technology market analysis, the aggravating adoption of Digital scent technology in several industries such as defense, security, and food and beverage industry will propel the market growth. E-nose introduced in food & beverages to identify the odors in raw material while in defence and security, digital scent technology helps in detecting the hazardous material. For instance, Intel and Cornell University has established neuromorphic test chips which operates on mathematical algorithms and the database consists of the data cumulated by 72 Food & Beverages sensors to 10 gaseous substances. End-Use Industry Segment Drivers The c projects that by end-use industry, the healthcare segment is likely to witness a noteworthy growth over the forecast period. This is because of the aggravating adoption of e-nose in the healthcare industry. For instance, diabetic patients exhale immense volatile organic substances such as acetone. Also, the application Implementation of digital scent technology to treat diabetes will elevate the Digital Scent Technology market size. About GMI Research GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com For More Info: GCC Interactive Robots Market Virtual Reality Market Laser Technology Market Image Sensor Market Industrial 3D Printing Market |
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