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Live Fire Training System Market to Grow at a CAGR of 6.5% from 2021 to 2029; Straits Research

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SAN FRANCISCO, Aug. 12, 2021 (GLOBE NEWSWIRE) — The global live fire training system market is expected to grow at a compound annual growth rate (CAGR) of 6.5% in the forecast period.

COVID-19 Impact on the live fire training system market

The shutdown of work, travel, public events, and academies, alongside quarantine measures, was alarming for global live fire training departments and security personnel. The rapidly growing misinformation being shared on social media is down-playing the seriousness of the event.

Various military training organizations and agencies across the world are offering a variety of web-based training programs. Key market players are providing free online courses during the national emergency. Google Hangouts and Zoom are being used to conduct local training sessions.

Pre-recorded training sessions are great for specific tasks or tactical training. Many organizations have taken a tactical pause in the physical meeting and hands-on training to ensure the health of recruits and determine the continued availability of training facilities and module instructors.

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Live Fire Training System Market By Offering

Based on offering, the system types segment of the global live fire training system market covers structural, physical and operational systems. Structural live fire training systems are expected to record significant growth during the forecast period.

The ventilation system of live fire training system is a critical component in the proper operation of indoor shooting ranges. Proper ventilation reduces shooters’ exposure to airborne lead particles and other combustion by-products. The ventilation systems consist of supply and exhaust air systems or exhaust ventilation system.

Safety control systems are installed to protect the shooters during range malfunction or emergencies. Such systems may include warning lights, alarm bells, and air-flow and filtration monitors.

Live Fire Training System Market By Deployment

Virtual simulation software is used to bridge the gap between classroom training and live exercises. Simulation software optimizes live fire training with a higher level of preparedness, a more effective response, and a greater probability of mitigating property damage. There is an unscripted and open-ended virtual reality simulator on physics-based technology with built-in artificial intelligence to provide trainees with an interactive and immersive atmosphere.

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Live Fire Training System Market By Region

In 2015, the EU Member States reported over USD 312 billion government expenditure on ‘public order and safety,’ which is equivalent to 1.8% of the EU’s GDP. This is relatively higher than the amount spent on other key activities, such as defense (1.4%), recreation, culture, and religion (1.0%), and environmental protection (0.8%). According to the European Defence Agency, an EU arm, 14 countries spent 20% or more of their defense budget on investment in 2018, up from 7 states in 2014, and 21 nations now dedicate more than 10% of the defense budget on investments.

Asia-Pacific is expected to observe significant government spending on the military and defense sector during the forecast period, with China in the lead, followed by India. In 2016, China began implementing major military modernization and organizational reforms, aimed at transforming the PLA to conduct joint operations and win regional conflicts. Increased investment by the region’s two key nations is expected to boost the region’s live fire training systems market in this end-user segment in the upcoming years.

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1              Introduction

1.1          Market Definition

1.2          Market Scope

2              Research Methodology

2.1          Primary Research

2.2          Research Methodology

2.3          Assumptions & Exclusions

2.4          Secondary Data Sources

3              Executive Summary

4              Market Overview

4.1          Report Segmentation & Scope

4.2          Value Chain Analysis: Live Fire Training System Market

4.2.1      Vendor Matrix

4.3          Key Market Trends

4.3.1      Drivers

4.3.2      Restraints

4.3.3      Opportunities

4.3.4      Challenges         

4.4          Porter’s Five Forces Analysis

4.4.1      Bargaining Power of Suppliers

4.4.2      Bargaining Power of Buyers

4.4.3      Threat of Substitution

4.4.4      Threat of New Entrants

4.4.5      Competitive Rivalry

4.5          Covid-19 Impact Analysis             

4.5.1      Pre Covid-19 Market Scenario Analysis  

4.5.2      Post Covid-19 Market Scenario Analysis

4.5.3      Measures Taken by Top Players

5              Offering Overview

5.1          Introduction

5.1.1      Market Size & Forecast (Value & Volume)

5.2          System Types

5.2.1      Market Size & Forecast (Value & Volume)

5.3          Simulation Software

5.3.1      Market Size & Forecast (Value & Volume)

5.4          Services

5.4.1      Market Size & Forecast (Value & Volume)

6              Deployment Overview

6.1          Introduction

6.1.1      Market Size & Forecast (Value & Volume)

6.2          Indoor

6.2.1      Market Size & Forecast (Value & Volume)

6.3          Outdoor

6.3.1      Market Size & Forecast (Value & Volume)

7              End-User Overview

7.1          Introduction

7.1.1      Market Size & Forecast (Value & Volume)

7.2          Military and Defense

7.2.1      Market Size & Forecast (Value & Volume)

7.3          Law Enforcement Agencies

7.3.1      Market Size & Forecast (Value & Volume)

7.4          Public Safety Agencies

7.4.1      Market Size & Forecast (Value & Volume)

7.5          Others

7.5.1      Market Size & Forecast (Value & Volume)

8              Regional Overview

8.1          North America

8.1.1      The U.S.

8.2.2      Canada

8.2          Latin America

8.2.1      Brazil

8.2.2      Mexico

8.2.3      Argentina

8.2.4      Rest of Latin America

8.3          Europe

8.3.1      Germany

8.3.2      France

8.3.3      The U.K.

8.3.4      Italy

8.3.5      Spain

8.3.6      Belgium

8.3.7      The Netherlands

8.3.8      The Rest of Europe

8.4          Asia-Pacific (APAC)

8.4.1      China

8.4.2      Japan

8.4.3      India

8.4.4      Australia

8.4.5      South Korea

8.4.6      Malaysia

8.4.7      Rest of APAC

8.6          The Middle East & Africa

8.6.1      Saudi Arabia

8.6.2      The UAE

8.6.3      Qatar

8.6.4      South Africa

8.6.5      Turkey

8.6.6      The Rest of the Middle East

9              Competitive Landscape — Manufacturers & Suppliers

9.1          Competition Dashboard

9.2          Market Share Analysis, 2020

9.3          Competition Dashboard

9.4          Key Developments

10           Company Profile

10.1        Drägerwerk AG and Co. KGaA

10.1.1    Business Overview

10.1.2    Financial Performance

10.1.3    Recent Developments

10.1.4    Product Portfolio

10.2        SAAB

10.2.1    Business Overview

10.2.2    Financial Performance

10.2.3    Recent Developments

10.2.4    Product Portfolio

10.3        InVeris Training Solutions

10.3.1    Business Overview

10.3.2    Financial Performance

10.3.3    Recent Developments

10.3.4    Product Portfolio

10.4        Theissen Training Systems GmbH

10.4.1    Business Overview

10.4.2    Financial Performance

10.4.3    Recent Developments

10.4.4    Product Portfolio

10.5        RUAG Group

10.5.1    Business Overview

10.5.2    Financial Performance

10.5.3    Recent Developments

10.5.4    Product Portfolio

10.6        Cubic Corporation

10.6.1    Business Overview

10.6.2    Financial Performance

10.6.3    Recent Developments

10.6.4    Product Portfolio

10.7        SmokeShield Pty Ltd

10.7.1    Business Overview

10.7.2    Financial Performance

10.7.3    Recent Developments

10.7.4    Product Portfolio

10.8        Fireblast Global

10.8.1    Business Overview

10.8.2    Financial Performance

10.8.3    Recent Developments

10.8.4    Product Portfolio

10.9        Strategic Operations, Inc.

10.9.1    Business Overview

10.9.2    Financial Performance

10.9.3    Recent Developments

10.9.4    Product Portfolio

10.10     QinetiQ

10.10.1  Business Overview

10.10.2  Financial Performance

10.10.3  Recent Developments

10.10.4  Product Portfolio

11           Conclusion & Recommendation

12           Acronyms & Abbreviations

Have a Look at Related Research Report

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About Straits Research

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. StraitsResearch provides the actionable market research data specially designed and presented for decision making and ROI. Regardless of whether you’re looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches.

So let’s put our minds together. We’ll make your vision a reality and help you grow.


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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence

Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence

IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-gateway-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/iot-gateway.asp
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