Wednesday, 17 June 2020

3D Imaging Market to Exhibit Rapid Surge in Consumption in the COVID-19 Crisis

  June 17, 2020    No comments
The global 3D imaging market is foreseen in a report by Transparency Market Research (TMR) to bear a vendor landscape that carries a vastly intense level of competition between individual players. According to TMR analysts, the market could be highly consolidated due to the presence of fewer popular and firmly established companies. Most players are anticipated to adopt three key business strategies to cement their position in the market, i.e. expanding product portfolio, facilitating product differentiation, and participating in mergers and acquisitions.
The competition could level up with the entry of new players in the global 3D imaging market. Philips Healthcare, Hewlett-Packard Corporation, and Lockheed Martin Corporation are some of the top players operating in the market.
As per TMR, the global 3D imaging market could be valued at a US$ 73.01 bn by the completion of 2027. On the basis of end-use industry, the market is predicted to find healthcare securing a lion’s share in the coming years. With respect to region, North America could reach to a stronger market value by the end of the forecast period 2019-2027.
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Rising Prevalence of Chronic Diseases Stimulates Demand for 3D Imaging in Healthcare
The world 3D imaging market is foretold to attain massive growth on the back of widespread use of the technology in the automotive and healthcare industries. 3D imaging is extensively used in provision of treatment, diagnosis of diseases, research, surgery, and other individual domains in the healthcare industry. Demand for efficient technologies such as 3D imaging in healthcare is stoked by increasing incidence of heart disease and cancer and rising frequency of complex surgeries. Even in the field of medicine, 3D imaging is considered to be a highly useful technology.
3D imaging also finds application in other industries for designing a range of technologies including drones, robots, automobiles, and gadgets. Thus, any growth in these industries could mean a positive sign for the world 3D imaging market.
High Initial Setup Cost Discourages Small Businesses to Adopt 3D Imaging Equipment
The international 3D imaging market is expected to showcase a great potential for expansion in the near term. However, limited funding available to small businesses and expensive initial cost of setting up 3D imaging equipment could raise fears of reduced growth in the market. Moreover, low awareness about the use of the technology and lack of skilled professionals are envisaged to hamper the demand in the market. Nonetheless, players could bank on opportunities created with the introduction of innovative and cost-effective variations of 3D imaging in the global market.
The information presented in this review is based on a TMR report, titled “3D Imaging Market (End-use Product - 3D Cameras (Time of Flight, Stereo Vision, and Structured Light), Sonography (Sonars and Ultrasound), and Smartphones; 3D Image Sensor - CMOS and CCD; Application - 3D Modeling, 3D Scanning, Layout and Animation, 3D Rendering, and Image Reconstruction; End-Use Industry - Entertainment, Healthcare, Architecture and Engineering, Industrial Application, and Security and Surveillance) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”
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Solid State Transformer Market to Grow at Robust CAGR in the COVID-19 Lockdown Scenario

  June 17, 2020    No comments
According to a new research report published by Transparency Market Research (TMR) , the global solid state transformer market is expected to reach value of US$ 1,141.0 Mn by 2027, expanding at a CAGR of 21.7% from 2019 to 2027. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Europe is projected to continue to lead the global market, with the market in the region expanding at a CAGR of 23.4% between 2019 and 2027. 
Rising demand for use in high-speed trains and high-power electric locomotives driving the global solid state transformer market
The global solid state transformer market has witnessed strong growth over the last decade. One of the major drivers of the market is rising demand for SST for use in high-speed trains and high-power electric locomotives. High-speed trains and high-power electric locomotives offer several advantages such as greater transport capacity, higher speed, reduced emissions, and energy saving.
Furthermore, new types of high-speed traction drive systems required for high-speed trains and high-power electric locomotives use an inverter unit, a solid state transformer, a traction motor, and other key components in order to increase the system efficiency. Furthermore, solid state transformers used in high-speed traction drive systems with a high-power, high-frequency, LLC-resonant converter are useful to reduce volume and weight. SSTs also improve grid-side power quality. All these advantages are expected to increase deployment of SST-based traction systems in the near future. This, in turn, would drive the global market for solid state transformer during the forecast period.
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Global Solid State Transformer Market: Scope of Report
The global solid state transformer market has been broadly segmented in terms of product, component, application, and region. Based on product, the market has been divided into distribution SST, traction SST, and power SST. The power SST segment was dominant, holding 42.95% share of the global market, in terms of revenue, in 2018. However, the traction SST segment is anticipated to expand at the maximum CAGR of 22.6% during the forecast period. This growth can be attributed to increasing penetration of solid state transformers in the traction locomotive sector. In terms of component, the global solid state transformer market has been classified into converters, switches, high-frequency transformers, and others. The converters segment is expected to continue its dominance during the forecast period.
The segment is expected to expand at a high CAGR of 22.3% from 2019 to 2027. Based on application, the market has been categorized into alternative power generation, traction locomotives, power distribution, electric vehicle charging, and others. Among these, the electric vehicle charging segment is anticipated to witness significant growth, expanding at a CAGR of 23.9% during the forecast period. This is attributable to factors such as favorable government initiatives and support, the issue of global warming, and increase in fuel prices. Electric vehicles offer advantages such as reduced CO2 emissions, low cost of running and maintenance, and eco-friendliness.
Geographically, the global solid state transformer market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is anticipated to hold the maximum share of the global market during the forecast period. The market in the region is projected to expand at the maximum CAGR during the forecast period. In 2018, Europe accounted for 35.79% share of the global solid state transformer market. This is attributable to the large number of installed renewable energy sources and high investments in research and development activities in the region.
Global Solid State Transformer Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global solid state transformer market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the prominent players operating in the global market are ABB Ltd., Alstom SA, Amantys Limited, Eaton, General Electric Co., Gridbridge, Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, and Varentec, Inc. Companies are focusing on expanding their business through strategic acquisitions and partnerships.
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Structured Cabling Market - Impact Of Covid-19 And Benchmarking

  June 17, 2020    No comments
The global structured cabling market was valued at US$ 7,172.5 Mn in 2017 and is anticipated to register a stable CAGR of 7.2% during the forecast period, according to a new report published by Transparency Market Research (TMR) titled ‘Structured Cabling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Increasing demand for high bandwidth and expansion and modernization of communication infrastructure fueled by economic growth have driven the global structured cabling market. The market in North America is expanding at the maximum CAGR of 7.1%, owing to technological innovations and presence of a large number of players in the region.
Hardware segment to drive the structured cabling market
Expanding cable network fueled by rise in modernization of infrastructure in developing economies is resulting in high demand for structured cabling worldwide. Copper cable is the most common cable used in structured networking, due to its lower costs compared to optical fiber. Copper cables are employed in power generation, power transmission, power distribution, telecommunications, electronics circuitry, and numerous electric equipment. Copper has the maximum electric conductivity rating among all non-precious metals. This boosts the demand for copper cables across the globe. The hardware sector has witnessed strong growth, due to continuous installation of a large number of machines and assembly units across the world, followed by extensive channels of wiring systems. This is expected to continue to augment the demand for structured cabling during the forecast period.
Rise in modernizing of communication infrastructure in IT & telecommunication industry to drive the market
Based on end-user, the global structured cabling market has been segmented into commercial & residential, IT & telecommunication, government, industrial, and others (including mining and education). IT & telecommunication is anticipated to be the rapidly expanding end-user segment during the forecast period, followed by the industrial segment. The IT & telecommunication segment is expected to dominate the global market for structured cabling, expanding at the maximum CAGR of 7.3% throughout the forecast period. This is attributable to rising need to facilitate rapid communication and optimized energy consumption. Recently, various enterprises have taken initiatives to expand and modernize their communication infrastructure. The industrial end-user segment is anticipated to expand at a significant CAGR during the forecast period, due to increasing penetration of portable computing devices and rising dependency of multiple industrial sectors on cloud applications.
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Furthermore, increasing focus on IoT (Internet of Things) applications is anticipated to fuel the demand for high-bandwidth telecommunication infrastructure in the IT & telecommunication industry in the next few years. This, in turn, is anticipated to fuel the structured cabling market during the forecast period.
Economic growth in the U.S., China, India, and South Africa to create lucrative opportunities
Geographically, the global structured cabling market has been divided into five major regions. These include North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, North America was the leading region of the global market, followed by Europe. Demand for structured cabling is the maximum in North America, due to growth of the IT & telecom industry in the region. The large number of wire and cable shipments to electric utilities in the region is boosting the structured cabling market in North America.
Furthermore, the U.S. Government has commissioned several studies to explore methods for upgrading the existing infrastructure. The U.S. held a leading share of the North America market in 2017. The market in the country is estimated to expand at the maximum CAGR during the forecast period. The structured cabling market in Europe is anticipated to expand at a significant CAGR during the forecast period, due to advancements in the field of logistics & transportation in the region. The structured cabling market in Asia Pacific is expected to expand at the maximum CAGR of 7.9% during the forecast period.
Rapid growth of the IT industry in Asia Pacific has had a significant positive impact on the demand for mechanical cable accessories in the region. In addition, rapid pace of urbanization and growth of public, private, and residential sectors in Asia Pacific are leading to increasing construction of residential and commercial buildings and new power transmission lines in the region. This, in turn, is boosting the demand for structured cabling in the region. Rapid industrialization in developing countries of the region drives the demand for structured cabling for use in industrial machinery in Asia Pacific.
ABB Ltd., The Cabling Company Group, Belden Inc., CommScope, and Corning, Inc. likely to continue to lead the global structured cabling market
The company profiling of key players operating in the global structured cabling market includes company overview, major business strategies adopted, SWOT analysis, and revenues for years from 2015 to 2017. Key players profiled in the report on the global structured cabling market are ABB Ltd., The Cabling Company Group, Belden Inc., CommScope, Corning, Inc., Dätwyler Cabling Solutions AG, Legrand, Nexans, Schneider Electric SE, and TE Connectivity Ltd. Several players are introducing technologically advanced products and entering into partnerships with other players owing to the rising need for infrastructure development.
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Power Management Integrated Circuit (PMIC) Market business opportunity, and growth

  June 17, 2020    No comments
Some of the companies who have been at the forefront of the revenues in the PMIC market are Maxim Integrated Products, Texas Instruments, Inc., ON Semiconductor Corporation, Mitsubishi Electric Corporation, STMicroelectronics N.V., and Analog.
The global PMIC market is projected to climb to US$ 56.48 bn by the end 2026, clocking a CAGR of 4.6% from 2018 to 2026.
Rapid Uptake of Portable Consumer Electronics Fuel Application
Automotive manufacturers and industrial sectors adopting voltage converters and regulators are key factors propelling the expansion of the global PMIC market. World over, there has been substantial uptake of PMICs extending battery life and reducing power dissipation in several of the compact devices hitting the consumer markets. Over the years, various emerging consumer markets have seen a surge of such devices. A large drive for the business proposition for PMICs stems from the proliferating sales of such consumer electronics, most notably smartphones.
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Semiconductor devices with configuration and programmable features are gathering traction among electronics manufacturers in various parts of the world. A case in point is the growth in popularity of field-programmable gate array and systems-on-chip semiconductor ICs.
Deluge of Mobile Connected Devices Reflects on Promising Avenues of Emerging Markets
Several of aforementioend growth factors are the salient characteristics of emerging markets, notably Asia Pacific. In fact, the report projects the Asia Pacific PMIC market to expand at CAGR of 5.5% from 2018 to 2026. Proliferating demands for Li-ion battery-based applications in portable devices among the regional consumers have catalyzed the rise in opportunities in the regional market. Further, the growth has been fueled by the rapid applications of PMICs in automotive.
The deluge of mobile connected devices has kept the prospect of Asia Pacific substantially lucrative in the global PMIC market over the past few years. Further, the rapidly growing demands for PMIC in networking devices in the key economies of the region has also driven new prospects in the market.
Growing demand for energy-efficient products have propelled the popularity of low-power PMICs. The uptake has been motivated increasingly by government regulations to optimize the energy consumption and heat dissipation from consumer electronics. Advances made in wearable have also stimulated high level of integration of chips, thus unlocking new potential in the global PMIC market. Semiconductor companies striving for solutions that reduce the standby power consumption of an appliance has expanded the scope of innovations in the market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Power Management Integrated Circuit (PMIC) Market (Product - Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, Microprocessor Supervisory IC; End use - Automotive, Consumer Electronics, Industry, Telecom and Networking) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”
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Boat Rental Market to Record a Robust Growth Rate for the COVID-19 Period 2027

  June 17, 2020    No comments
Transparency Market Research has published a new report on the global boat rental market for the forecast period of 2019–2027. According to the report, the global boat rental market is projected to reach a value of ~US$ 26 Bn by 2027, expanding at a CAGR of ~4% during the forecast period.
Expansion of Global Boat Rental Market
  • The market for boat rental is expanding significantly across all regions. Europe and North America are highly developed markets for boat rental, and the markets in these regions are estimated to expand at a notable pace during the forecast period. Countries along the Mediterranean and Caribbean Seas are key boat rental markets. In Asia Pacific, Japan, Australia, and New Zealand are developed markets for boat rental; however, high emphasis on the development of nautical tourism in South Korea and Thailand is likely to boost the market for boat rental in these countries.
  • The development of online portals and expansion of boat rental companies have made hiring boats highly convenient and cost-effective, which, in turn, is boosting nautical tourism and consequently propelling the boat rental market.
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Rise in per capita income in most countries has prompted society to spend higher on leisure and luxury activities. Furthermore, nautical tourism and marine activities are gaining popularity across developed and developing regions. Thus the boat rental market is expanding at a notable pace. Rise in the preference for cruise events and boat charters for leisure has played a significant role in the expansion of the global boat rental market.
  • International tourism has been a key source of income for numerous countries, which aids in the economic development of that particular country. Consequently, countries with nautical tourist destinations have been investing consistently for the development and maintenance of these destinations.
  • Shift in lifestyle has led to a distinct break from the traditional sailing destinations of the Caribbean and Mediterranean waters to less familiar destinations in Asia Pacific, the Middle East, and Antarctic. Thus, a surge in the inclination among consumers to explore new destinations, and a rise in the number of marine destinations, worldwide, are boosting the number of boats available for rent or lease. This is likely to propel the global boat rental market in the near future.
Based on business model, peer to peer (P2P) is the prominent segment, which is expanding at a remarkable pace. The availability of several service platforms such as Boatsetter and GetMyBoat are driving the P2P segment in the boat rental market. Moreover, boating enthusiasts who live along coastal areas in North America and Europe own boats and offer them for hire through online portals. This provides employment and enough earning to maintain and service these boats.
Regional Analysis of Global Boat Rental Market
In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a prominent share of the global market in 2018, due to the presence of a large number of marinas, and high preference for water sports and leisure activities. Greece and Croatia are major markets for boat rental, and the market in these countries is expanding consistently due to expansion of nautical tourism in the region.
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Countries such as South Korea, Thailand, Brazil, and China are rapidly emerging markets for boat rental, due to high emphasis by governments on the development and promotion of nautical tourism in their respective countries.
Prominent players operating in the global boat rental market include Boatsetter, Nautal, Sailo Inc., Zizooboats GmbH, GETMYBOAT INC., West Coast Marine, Le Boat, Incrediblue, Boatjump, S.L., Odyssey Boats, GLOBE SAILOR, THE MOORINGS, Blue Boat Yacht Entertainment Company, BLUE BAY MARINE, Yachtico Inc., Navigare Yachting, and Products Corporation.
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Automotive Tire Market Development Opportunities

  June 17, 2020    No comments
  • According to the report, the global tire market for automotive is expected to expand steadily at a CAGR of 3%, owing to rising vehicle sales globally
  • Rise in sales of vehicles in developing countries in Asia Pacific and Latin America is also anticipated to drive the global tire market for automotive
Expansion of Global Tire Market for Automotive
  • Rise in sales of SUVs and crossover vehicles, due to change in consumer preference for high clearance and vehicles with sporty appearance, is fueling the demand for automotive tires. SUVs and crossover vehicles accounted for 34% of total vehicle sales in China and 42% of total global vehicle sales in 2017.
  • Increase in competition among automakers is compelling them to increase the number of models and offer numerous tire options based on rim size and aspect ratio. Rise in consumer demand for SUVs and higher rim size vehicles is shifting the demand from low rim sizes to high rim sizes. Increase in disposable income of consumers is boosting the sales of luxury and premium vehicles, which in turn is fueling the demand for low profile or tires with aspect ratio 35-55.
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  • Based on ply, the radial segment held a dominant share of the global automotive tire market in 2018. Its share is estimated to rise during the forecast period. In developing regions, such Asia Pacific & Latin America, commercial vehicles are undergoing a radialization, i.e., shift of preference toward deployment of radial ply tires. Commercial vehicles in these regions are dominantly bias ply; however, they are shifting to radial ply. Therefore, demand for radial ply tires in commercial vehicles is estimated to rise significantly.
  • In terms of sales channel, the aftermarket segment held a prominent share of the automotive tire market due to the wear and tear nature of tires and requirement of periodic replacement. Rise in average age of vehicles and increasing number of vehicles on road are boosting the aftermarket segment.
Regional Analysis of Global Tire Market for Automotive
  • In terms of region, the global tire market for automotive has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
  • Asia Pacific dominated the global tire market for automotive in 2018 due to high volume sales of vehicles in the region and presence of large number of vehicles on road. North America and Europe are lucrative markets for winter tires, as winter tires are mandatory in several countries in Europe such as Norway, Russia, and Latvia. Moreover, North America, Japan, and China have also witnessed significant increase in winter tire sales and hence, these tires are anticipated to witness a steady demand.
  • Automotive tires in Europe, Japan, Brazil, and South Korea are required to be labeled according to noise, fuel efficiency, and rolling resistance. A similar labelling is likely to be adopted by other regions and therefore, boost the tire market for automotive.
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Automotive Electronic Devices Market Revenue, Price and Gross Margin by 2024

  June 17, 2020    No comments
High-tech electronic systems are a permanent fixture in cars nowadays and carry out a range of functions from regulating fuel to detecting problems. Anything between 30 to 80 separate electronic controllers – most of which are for safety – are fitted in cars these days. Such electronic components, which include adaptive cruise control and lane assist systems, constitute about 30% of the vehicles cost and in the years ahead that figure is slated to increase further. Other functions served by automotive electronic devices are advanced driving assistance, infotainment, and enhancing comfort. 
A report by Transparency Market Research, segments the global automotive electronic devices market based on products and technologies and studies each segment carefully to present a granular overview of the market. Depending upon the product type, for example, it divides the market into entertainment systems, control devices, GPS systems, and video devices. Among them, entertainment systems such as DVD player, satellite radio, audio devices, and dashboard players are most popular. The report predicts the global automotive electronic devices market to attain a value of US$18.5 bn by 2018.  
Global Automotive Electronic Devices Market: Trends and Opportunities 
The most obvious growth drivers in the global automotive electronic devices market are the burgeoning automobile sector and technological advancements that have resulted in a host of automated electronic devices for a seamless driving experience. Other factors stimulating the market are the increasing urbanization and the rising disposable income worldwide that has pushed up the demand for premium cars rigged with fancy electronic gadgets. 
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Stringent regulations by concerned authorities and regulatory boards to install automotive electronic devices to enhance safety is also encouraging quick uptake of the product. Some of the important and common devices for safety are padded knee bolster, passenger sensing system, airbags, electrochromatic auto dimming mirrors, and backup sensing system. Further, automated car control systems accord the driver control over multiple devices while driving without diverting his focus thus ensuring safety. 
Going forward, rising thrust on research and development to innovate more sophisticated products and increasing traffic congestion due to the growing number of automobiles owned per family worldwide would further fuel demand for electronic devices. A recent noticeable trend in the global automotive electronic devices market is integration different systems that can help to widen the scope for new technology, system, and designs, besides bringing about cost optimization. 
Global Automotive Electronic Devices Market: Regional Outlook 
Geographically, the global market for automotive electronic devices can be segmented into Asia Pacific, North America, Europe, and the Rest of the World. Currently, North America accounts for maximum market share but is slated to slow down its growth pace in the upcoming years. Europe too is expected to exhibit a slower growth pace in the near future due to the euro debt crisis dealing somewhat of a blow to the growing sales of automobiles. 
Asia Pacific and Latin America are predicted to majorly contribute to the global automotive device market on the back of substantial sales in the automobile sector. The densely populated emerging economies in the two regions are predicted to fillip demand due to a fast expanding urban population with a means to splurge of premium products. Regulatory policies too are expected to drive growth in the market. The government of China, for example, has encouraged C-NCAP’s safety appraisal encouraging buyers to see a five-star rating as a benchmark to a vehicle’s quality. 
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...