Vehicle Access Systems Market - Survey on Future Scope size COVID-19 2027

• Rise in penetration of global vehicle access systems is attributed to an increase in technological advances in vehicle security systems, which enable drivers to lock/unlock and start/stop the vehicle remotely
• The purpose of access system is to grant entrance/leave from a commercial or residential building or toll gates only to authorized vehicles. The vehicle access control system is remotely connected to the access control unit of a commercial or residential building, which verifies the pre-registered vehicle license plate or an access card to determine whether the vehicle is authorized to enter the premises.

Key drivers of global vehicle access systems market

• Data regulations enacted across diverse industries including health care, banking, and insurance and demand for safety are boosting the demand for vehicle access systems globally systems. In case of a robbery or an accident, to identify the vehicle involved, a vehicle monitoring system is required. Information about vehicles entering or exiting buildings such as bank and hospital premises is recorded using the vehicle access system in order to monitor and increase the safety of these buildings. This system records data of a vehicle, such as license plate, which can be used to trace a vehicle in case of theft/robbery.

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Advancements in vehicle remote keyless access technologies is likely to fuel the global vehicle access systems market. For instance, both Robert Bosch GmbH and Continental AG have developed a cloud-based vehicle access system that enables a vehicle owner to lock/unlock and start/stop his vehicle without the need for a key. Such developments in vehicle access control systems based on cloud technology, mobile smartphones and tablets, and IoT devices are fueling the adoption of vehicle access systems, which in turn is driving the global market.

Passive vehicle access system segment to hold notable share of global vehicle access systems market

• The passive vehicle access system segment is estimated to account for a significant share of the global vehicle access system market. The system utilizes automotive sensors, dash cams, and Application Program Interface (API), which are efficient and cost-effective. The above mentioned sensors and dash cams are relatively simple to use and are being incorporated in several applications, including passive vehicle access entry, enabling automakers to easily integrate them in their vehicles.

Lack of vehicle standards for vehicle access control system to hamper global vehicle access systems market

• Automakers are focusing more on enhancing security and safety of vehicles in order to cater to a rise in consumer demand for safer and secure vehicles. The factor mentioned above drives the global market for vehicle access systems; however, lack of stringent global regulations and vehicle standards is still a challenge for automakers. Absence of such standards fails to guarantee the life of vehicle access systems. This, in turn, may lead to a threatening situation for vehicle owners in case the vehicle access systems fails and a customers is locked in/out of the vehicle. Therefore, regulations and standards for vehicle access systems are essential to prevent such situations.

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 Europe to hold prominent share of global vehicle access systems market

• Increase in demand for luxury cars in countries such as Germany, France, and Russia in Europe is boosting the market in the region. For instance, in 2018, Volkswagen and BMW sold 541,200 and 319,134 units of luxury vehicles, respectively, in Germany, which accounted for approximately 18% and 2.5% rise in sales, respectively, as compared to sales of 531,600 and 311,071 units of luxury vehicles, respectively, in 2017. Furthermore, presence of automotive giants, such as Robert Bosch GmbH, Continental AG, in the manufacture of vehicle access control system is likely to drive the vehicle access systems market in Europe.

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Automotive Backup Cameras Market - Sophisticated Demand & Key Performers

• Rise in demand for reduction in vehicle crashes has prompted automakers to increasingly adopt automotive backup cameras in their vehicles, which in turn is driving the global automotive backup camera market. As per National Highway Safety Transportation Agency (NHTSA), around 15,000 injuries and 210 fatalities occur from vehicle backup accidents every year. This has resulted in enactment of regulations that make installation of backup cameras mandatory in vehicles, which in turn is also driving the global automotive backup cameras market.

Key drivers of global automotive backup cameras market

• Regulations enacted by government authorities and regulatory bodies are mandating vehicle manufacturers to install rearview imaging technology in their vehicles, which fuels the demand for automotive rearview backup camera systems. For instance, National Highway Traffic Safety Administration (NHSTA), USA requires all vehicles manufactured post May 1, 2018 to install a rearview camera that can show 10X20 feet area in the rear of the vehicle. The HUD display in the vehicle displays a virtual grid on screen using the image sensors incorporated in backup cameras. These grids enable the vehicle driver to backup without endangering vehicle safety.

• Several companies have developed dual backup camera systems that incorporate both front view and rearview backup cameras in a single system. For instance, Toguard Electronics Co. has developed a dual backup camera system. Both rear and front cameras have different resolutions and dual lens systems with parking guidelines to help the vehicle driver while parking.

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Rise in demand for comfort and luxury in vehicles is driving the global automotive backup cameras market. Automakers have started providing luxury features including automotive backup cameras in their lower end model as well in order to have a competitive edge and increase the number of vehicle sales. For instance, Chevrolet Trax, Chevrolet Colorado, Mazda MAZDA3, and Toyota Corolla have pre-installed backup cameras. Therefore, increasing adoption of backup cameras by automakers is expected to drive the global automotive backup cameras market.

Passenger vehicle segment to account for significant share of global automotive backup cameras market

• Demand for passenger vehicles was higher than that for commercial vehicles in 2019, which in turn led to higher sales of passenger vehicle. Furthermore, a rise in preference toward vehicle security features is prompting automakers to install safety systems in vehicles. Automotive backup cameras enable vehicles to record videos continuously, which can be used to identify vehicle theft and vehicles involved in crashes.
• Backup cameras installed at the rear ends can guide the vehicle driver while parking the vehicle in reverse. All these factors boost the demand for automotive back up cameras and subsequently, drive the global market for automotive cameras.

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Asia Pacific to dominate global automotive backup cameras market

• Japan, China, and India in Asia Pacific have presence of major automakers and aftermarket players in the automotive industry. Therefore, the region witnesses intense competition among automakers and aftermarket players. Demand for safety systems in vehicles, such as automotive backup cameras that help drivers to maneuver in the reverse direction and reduce vehicle crashes, is rising.
• Legislations enacted by various governments of various countries and organizations in Asia Pacific are mandating automakers to increase integration of safety features in their vehicles. For instance, SIAM India mandates automakers in India to install safety systems in their vehicles. This, in turn, fuels the demand for automotive backup cameras. All the factors mentioned above are driving global automotive backup cameras market in Asia Pacific.

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Automotive Plugs Market Revolutionary Trends

• Rising use of electrical components and systems in vehicles, attributed to increasing demand for comfort and luxury, enhanced vehicle performance, and utility features, is a key driver of the automotive plugs market
• Automotive plug, or male pin connector, is part of an automotive connector that engages with a socket or female connector. It is utilized in the vehicle to connect electrical terminals of several electrical systems by engaging with the socket of another electrical terminal/ system.

Key drivers of global automotive plugs market

• Rising concern for occupant safety in a vehicle in conjunction with safety-oriented government initiatives is driving the demand for a reliable automotive plug to connect various vehicle systems. For instance, government regulations compel automakers to incorporate seat belts and airbags in a vehicle. These safety systems require a connection system consisting of a retainer and safety restraint system connector, which is achieved through automotive plugs. Therefore, increasing demand for automotive plugs is directly influenced by increasing adoption of automotive safety systems, which in turn is driving the global automotive plugs market.

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Increasing demand for vehicle comfort and utility systems is anticipated to increase the adoption of power windows, power mirrors, HVAC, and comfort actuators. These systems are connected to ECUs, MCUs and various ICs through vehicle body electronics by using automotive plugs. Thus, increase in demand for vehicle comfort and utility fuels the demand for automotive plugs, which in turn, propels the global automotive plugs market.

Concerns for functional reliability and durability of automotive plugs to hinder global automotive plugs market

• Sealed automotive plugs are placed under the hood of automobiles, while unsealed automotive plugs are placed in the vehicle cabin. Sealed plugs must have the capacity to withstand engine shocks as well as high and very low temperatures. Therefore, the global automotive plugs market is anticipated to be hindered by functional reliability and durability concerns of automotive plugs.

Asia Pacific to dominate global automotive plugs market

• Major vehicle manufacturers including Tata Motors, Dongfeng Motors, Nissan Motors. KIA Motors, Suzuki Motors, Subaru Corporation, and Mahinda and Mahindra Motors are based in Asia Pacific. These automakers are consistently focusing on improvement in vehicle technologies and investment in research and development activities that are aimed at enhancing vehicle economy and vehicle performance.

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Furthermore, Japan, China, South Korea, and India are among the top consumers of two-wheeler and three-wheeler vehicles globally. Moreover, these countries have well-established supply chain and presence of aftermarket players in the automotive industry. Therefore, the region witnesses an intense competition among automakers and aftermarket players, which in driving the automotive plugs market. All the factors mentioned above are propelling the automotive plugs market in Asia Pacific.

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Handheld Marijuana Vaporizer Market - Snapshot on Global Benefits 2027

A recent report by Transparency Market Research States that the since the legalization of marijuana is several countries, the global handheld marijuana vaporizer market is growing exponentially. The popularity of the herb has a major hand in the progressive of the market states the experts at Transparency Market Research. According to their prediction, the global handheld marijuana vaporizer market is projected to witness a robust 23% in the duration of 2019 to 2027. Moreover the prescribed use of the herb for treatment of anxiety and depression is also a key factor driving the growth of the global handheld marijuana vaporizer market in the duration, says the report.

Legal Sale of the Herb Boosts the Growth

Ever since in 2013 when Uruguay first legalized marijuana, several countries are now following the same trait. Countries like Canada, Denmark, and various other countries have also or shall be soon legalizing the herb. This legalization of the herb has allowed the businesses to develop compact and cost effective vaporizers that can be used easily. These developments are some of the major reasons responsible for the growth of global handheld marijuana vaporizer market in the projected time frame.

Moreover, the growth in the number of people who are willing to get high on the vapors of marijuana is also a major factor that boosts the growth of handheld marijuana vaporizer market globally.

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Involvement of Celebrities to Boost the Market to Reach to US$ 25.7 Bn

Marijuana or “weed” is heavily supported by celebrities like Snoop Dogg and Laganja Estranja. The followers of the celebs follow not just their music and videos, but also their marijuana support. Based on the growth of the number of such followers, the demand for handheld marijuana vaporizers has grown exponentially in recent years. This growing demand is also a major factor that is boosting the growth of global handheld marijuana vaporizer market from 2019 to 2027.

Growth in the Prescription of Marijuana for Treatment of the Neurological Disorders

Marijuana is one of the best anti-depressant that is available in the market. Prior to legalization of the herb, people used to smoke weed just to get high and overcome their anxiety and depression. However, the excess use of the herb made them addict. Healthcare sector post the legalization of marijuana now prescribes a limited doze of the herb to cure the neurological disorders of patient. This development in in the healthcare sector is also a key factor driving the growth of global handheld marijuana vaporizer market from 2019 to 2027.

North America is the Most Lucrative Region

Persisting neurological disorders and hectic life schedule is now taking its toll on the people of the U.S. and Canada. Hence some part of U.S. the herb is now legal and can be brought from a medical store. Due to these reasons, the players of global handheld marijuana vaporizer market are focusing their business in North America. This makes the region as the most lucrative region for the players of global handheld marijuana vaporizer market in 2019 to 2027.

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Autonomous Material Handling Equipment Market Insights on Emerging Scope

• Autonomous material handling equipment is usually known as automated equipment, mainly employed for movement (lifting and placement) of discrete loads in a manufacturing unit or workstation. Many types of autonomous material handling equipment are offered for different operational applications including storage, assembly, waste handling, and distribution.
• Usage of autonomous material handling equipment is significantly increasing among various industries such as logistics, aerospace, and automotive, as organizing & managing the industrial unit or warehouse.

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Increasing demand for automated guided vehicles (AGVs) driving the global autonomous material handling equipment market

• Automated material handling vehicles are also known as automated guided vehicles (AGVs), which are used to relocate or transfer materials in warehouses or industrial units. Automated guided vehicles (AGV) are armed with a vehicle fleet management platform in order to deliver optimum productivity in automotive and manufacturing industries. In addition, an AGV fleet management software/platform is specifically designed for fleet, traffic, and further logistics purposes. The fleet management software/platform generally helps industries to enhance their operational efficiency and logistics flexibilities. AGV fleet management platform can reduce operational costs as well as the labor force for automotive and other manufacturers. It also enables industries to implement advanced material handling techniques and decrease waste incurred in industrial processes.
• Moreover, AGVs are majorly controlled and organized by advanced software, which is assimilated in vehicles and enables control and navigation of the vehicles. Additionally, various manufacturers or vendors are introducing mobile robots and vision guided vehicles to generate opportunities for the AGV fleet management software/platform. Automotive and manufacturing industries are emphasizing on increasing productivity and minimizing operational cost by employing automated guided vehicles (AGVs). This is expected to boost the growth of the autonomous material handling equipment market worldwide.

High initial investment expected to significantly hamper the autonomous material handling equipment market

• The primary or initial cost of installing and integrating autonomous material handling equipment is fairly high, that restricts the usage of these equipment in various industries. Therefore, high initial investment is significantly expected to hamper the autonomous material handling equipment market during the forecast period. However, introduction of new technologies and increasing spending in the automotive and manufacturing sector is expected to reduce the initial cost of automated material handling equipment in the future.

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North America to hold major share of the global autonomous material handling equipment market

• In terms of region, the global autonomous material handling equipment market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is anticipated to account for major share of the global autonomous material handling equipment market during the forecast period due to adoption of advanced manufacturing techniques and to minimize the waste incurred in the manufacturing process, specifically in the U.S. and Canada. Europe is estimated to be the second largest market for autonomous material handling equipment from 2019 to 2027, owing to an increase in investment and entry of leading automobile players, which is likely to help the growth of the autonomous material handling equipment market in the region.
• Asia Pacific is projected to be a rapidly expanding region of the global autonomous material handling equipment market during the forecast period owing to the increasing demand for automation and material handling equipment in distribution facilities and automobile assembly centers specifically in Singapore, China, India, Malaysia, South Korea etc., which is expected to increase the adoption of autonomous material handling equipment in the region.

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Laboratory Information Management System Market to Register Exponential Growth During COVID-19 Pandemic

Laboratory information management system is a software-based solution that helps in the day-to-day laboratory operations. Laboratory information management system are sometimes referred to as laboratory information system (LIS) or laboratory management system (LMS). Laboratories around the world depend on a laboratory information management system to manage data, assign rights, and manage inventory.

Rising demand for lab automation due to high emphasis on using the latest laboratory systems for maximum efficiency is driving the global laboratory information management system market.  Government support through grant of funds for procuring quality laboratory information management system are boosting the laboratory information management system market. Other factors boosting the market include improving drug discoveries, rapidly increase in disease outbreaks, and rise in sophistication regarding use of specific equipment.

However, high investment required for the procurement of laboratory information management system and research & development activities is likely to hamper the laboratory information management system market. Nevertheless, the picture is soon expected to change as numerous service providers companies are gradually introducing cost-effective laboratory information management system for utilization in various sectors. This is anticipated to create new opportunities in the market.

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The global laboratory information management system market can be segmented into component, deployment, type, end-use industry, and geography. In terms of component, the laboratory information management system market can be segregated into hardware, software, and services. Based on deployment, the laboratory information management system market can be classified into cloud based and on-premise based solutions. Of the two deployment segments, the majority revenue share in the global laboratory information management system market is expected to be held by cloud deployment segment. The cloud deployment model refers to hosted services which are delivered using the Internet. Benefits associated with cloud deployment include accessing mission critical data remotely, cost savings on infrastructure, and enhanced collaboration.

These benefits are expected to propel the cloud deployment model segment during the forecast period. Increasing demand from organizations to switch to alternate business models such Software-as-a-Service (SaaS), as it is perceived to be cost-effective and equipped with various features provided is expected boost the growth of the aforementioned segment.  On-premise deployment, refer to the computation that is located within the physical confines of an organization, is expected to hold a smaller share of the global laboratory information management system market. In terms of end-use, the market can be segmented into life sciences industry, contract services organizations, next-generation sequencing laboratories (NGS) laboratories, academic research institutes, pharmaceutical and biotechnology companies, bio banks & bio repositories, toxicology laboratories, petrochemical refineries, and oil & gas.

The global laboratory information management system market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to hold a prominent share of the global laboratory information management system market. This dominance can be attributed to the presence of several global players in this region, especially in the U.S. and Canada.

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Europe is expected to account for a significant share of the market. This trend can be attributed to the increasing focus on innovations through research & development and IT technologies in developed countries in the region. The market in Asia Pacific is expected to expand at a rapid pace from 2018 to 2026. High adoption of exploration & production solutions along with growing adherence toward regulatory compliances are some of the factors driving the laboratory information management system market in Asia Pacific. Developing economies in Asia Pacific such as India and China are inviting global players to their local markets. This, in turn, is propelling the market in the region.

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Harmonic Filter Market to Record a Robust Growth Rate for the COVID-19 Period 2027

Transparency Market Research delivers key insights on the global harmonic filter market. In terms of revenue, the global harmonic filter market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global harmonic filter market.

Harmonics are generated in an electric power system, due to presence of non-linear loads, such as drives, in the system. The growing need for ensuring quality of power and increasing use of non-linear loads producing harmonics, such as variable-frequency drives, are factors driving the global harmonic filter market. In addition to this, developing countries are focusing on developing their power infrastructure. This is expected to offer ample growth opportunities to the harmonic filter market in these countries during the forecast period.

Harmonic Filter Market: Dynamics

The global power industry is changing significantly, with the increasing demand for reliable and efficient power supply, implementation of sustainability policies, and government regulations and penalties imposed by utilities. Rise in automation across different commercial and industrial applications has raised the demand for variable-frequency drives. Variable-frequency drives are energy efficient, as the motor can be operated at variable speeds throughout their use, unlike other drives.

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However, fluctuating voltage levels in variable-frequency drives results in the generation of harmonics. Thus, the demand for harmonic filters is anticipated to increase in order to suppress the effect of harmonics generated by usage of variable-frequency drives. Moreover, in addition, governments of various countries are taking initiatives on setting a permissible limit on harmonic distortion. This factor along with the increasing demand for zero-tolerance interrupted power supply from industries such as IT, medical, and railways is expected to drive the global harmonic filter market during the forecast period.

Harmonic Filter Market: Prominent Regions

Asia Pacific is the leading region of the global harmonic filter market. Growth of the market in the region can be attributed to high investments in power infrastructure and industrialization in Asia Pacific. Moreover, the market in Middle East & Africa is expected to witness significant growth during the forecast period, due to increasing demand for harmonic filters, growing urbanization, rising generation of renewable power, and investments in mass transportation in the region. In other regions, the demand for harmonic filters is dependent on the growth of sectors such as industrial, IT & telecommunication, power generation & transmission, and residential & commercial.

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