Intelligent Transportation System Market: Top Trends to Look for in 2020-2030

According to the report, the global intelligent transportation system market is projected to surpass US$ 60 Bn by 2030, expanding at a CAGR of ~10% during the forecast period. The global intelligent transportation system market is estimated to expand at a CAGR of ~10% and surpass US$ 60 Bn by 2030 driven by the urgency to develop transport infrastructure in order to cope with increasing traffic congestion in urban areas across the globe.

Countries such as Japan, the U.S., the U.K., and Germany represent developed markets for ITS. Most ITS technologies are first developed, implemented, and tested in these countries. ITS helped these countries to improve efficiency of their existing transportation networks, reduce fuel consumption, and number of road accidents. ITS, with their benefits, have gained popularity in South Korea, Singapore, Australia, and several other countries across the world. India, China, Brazil, and Russia are emerging markets and increasingly investing in ITS solutions to support economic growth.

Expansion of Intelligent Transportation System Market

The urbanization of developing countries and growing prosperity among people residing in urban areas are boosting the demand for private & public transportation. More than 55% of the population resides in urban areas, and the UN estimates the figure to rise to 68% by 2025. Road traffic and congestion is straining the transport system, which, in turn, is driving the need to adopt ITS. Developing regions such as Latin America and Asia Pacific have rapidly dealt with lack of proper city planning. As a result, the transportation system is witnessing high congestion and adding to traffic woes. It has, thus, become a need for developing countries to adopt ITS.

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Based on system type, the Advanced Transportation Management System (ATMS) segment held a leading share of the intelligent transportation system market during 2018. ATMS has been widely adopted across transport corridors to detect traffic congestions, accidents. ATMS devices are fitted to roadside infrastructure units and other public transport vehicles to collect data, analyze, and effectively control traffic situations.

In terms of application, the traffic management segment held a leading share of the global intelligent transportation system market, owing to the primary usage of ITS being to manage road congestion. Semi-autonomous vehicles are being already used, and various pilot projects are being undertaken for truck platooning and fully autonomous taxis. The automated vehicle segment accounted for a relatively minor share of the global intelligent transportation system market; however, it is gaining popularity worldwide.

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Major Players in Global Intelligent Transportation System Market

Prominent players operating in the global intelligent transportation system include Siemens AG, Hitachi Ltd, WS Atkins PLC, Nuance Communications Incorporation, EFKON AG, Garmin International Inc., Iteris Inc., Telenav, Inc., Thales Group, and Tom NV.

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Baby Care Products Market: Deep Company Profiling of Leading Players 2020-2026

The demand within the global market for baby care products has been rising on account of the changing mothering propensities and inclinations across the world, finds Transparency Market Research (TMR). Baby care products include a wide range of generic and specialised items that can assist in grooming and raising infants. The vendors in the global market for baby care products are manufacturing unique and utility-driven products in order to attract the consumers. Since baby care products cater to niche consumer segments, the vendors within this market are projected to rely on targeting and analytics. There is a high possibility of new vendors emerging in the global for baby care products in the years to come.

The success of market vendors in the global baby care products market largely depends on the former’s ability to manufacture innovative products. These vendors are following rigorous research and development practices in order to come up with better products. Furthermore, the leading vendors in the global for baby care products market are also banking on consumer feedback in order to understand the requirements of the market. The small and medium-sized vendors in the global baby care products market are focusing on capturing unexplored markets. Some of the key vendors in the global baby care products market are Johnson & Johnson, Unilever Plc, Kimberly-Clark, and Procter & Gamble Company.

Transparency Market Research (TMR) finds that the global baby care products market would expand at a steady CAGR of 5.0% over the period between 2018 and 2026. Furthermore, the global baby care products market would accumulate revenues worth US$ 109.13 Bn by 2026. On the basis of geography, the market for baby care products in North America shall expand at a respectable rate in the years to come.

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Parenting Workshops and Seminars help in Marketing Baby Care Products

The demand within the global market for baby care products is projected to witness increased demand in the years to come. Several parenting workshops and seminars are conducted via online and offline channels. The vendors of baby care products tie up with the organisers of workshops in order to promote their products and services. The growing propensity of the masses to spend on grooming and raising of their kids has also led to the growth of the global baby care products market. The introduction of customized baby care products has also generated voluminous revenues within the global market.

Rising Population of Working Women to Aid Market Growth

The changing inclinations of the people have played a major role in the growth of the global baby care products market in recent times. The population of working women has rapidly increased over the past decade, and this has given a thrust to the growth of the global baby care products market. Moreover, online campaigns about better parenting, and right use of baby care products, have also played vital role in market growth. It is expected that the global baby care products market would accumulate voluminous revenues over the next decade.

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The review is based on TMR’s report titled, “Baby Care Products Market (Product Type - Baby Cosmetics and Toiletries (Baby Skin Care Products (Baby Massage Oil, Baby Lotions, Creams/Moisturizers, Talcum Powder), Baby Hair Care Products (Baby Shampoo and Conditioner, Hair Oil), Baby Bath Products( Soaps, Bubble Bath/Shower Gel), Diapers ( Cloth, Waterproof Nappy/ Disposable Diapers, Training Nappy), Others (Wipes and Fragrances)), Baby Safety and Convenience Products (Baby Car Seats, Baby Strollers), Bab Food, Baby Formula; Distribution Channel - Online Channel, Offline Channel (Supermarkets & Hypermarkets, Specialty Stores, Drug Stores, Independent Retail Stores)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.

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Disposable Gloves Market: Growth Opportunities to Tap into in 2020-2026

People today are more aware and demanding on the hygiene front than they were ever before. And, this concern does not start and end at healthcare anymore, which was the largest consumer of hygiene and sanitation product in the last couple of decades. The residential sector and the beauty industry are also contributing to an increase in demand for such product such as disposable gloves market.

Thus, it is obvious why the market is set to chart a positive growth trajectory over the period 2018 to 2026. As per a research study carried out by Transparency Market Research (TMR), the market will chart a steady 6.3% CAGR over the forecast period. And, as per TMR analysts, use in dentistry, healthcare and chemicals industry will drive the market onto a higher growth curve.

The cost-effectiveness of disposable gloves supports the growth, driving demand for the same in more areas than healthcare. For instance, people handling food and medicines, and patients and clients in the beauty industry need to maintain certain standards to prevent contamination and infections from spreading. And, this brings disposable gloves in major focus.

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It is also worthy to add here the role households play. As handling corrosive cleaning chemicals in kitchens, bathrooms, etc. are getting common, need for disposable gloves rises. Additionally, even while using mid chemicals like hair color, it is advised to use disposable gloves.

In agriculture, using pesticides, fuel oil, chemicals, all require disposable gloves for safety purposes.

North America to Hold a Dominant Share of the Global Disposable Gloves Market Growth:

By volume North America will chart a hefty CAGR of 39.2% in the global disposable gloves market, as per TMR report findings. This impressive growth will owe to outbreaks of virus such as SARS and H1NI over the last couple of years. These outbreaks have driven awareness. Besides, governments have entered the picture to promote the highest standards of healthcare hygiene. The region also has a well-established healthcare infrastructure, which is conducive to the growth in demand for disposable gloves.

Also, it is pertinent to point out that health entities like OSHA ensure high standards are maintained at places of work. Infections caused by poor handlinf food are also leading to a higher demand for disposable gloves.

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The Global Disposable Gloves Market – Fragmented Landscape, High Competition

Prominent players marking the global disposable gloves market are Top Glove Corporation Berhad, Supermax Corporation Berhad, Semperit AG Holding, Rubberex Corp. M Bhd, Kossan Rubber Industries Bhd., Hartalega Holdings Berhad, Dynarex Corporation, Cardinal Health, Inc., B. Braun Melsungen AG and Ansell Limited. Other players operating in the value chain are Unigloves (UK) Limited, and Smart Glove Corporation Sdn Bhd, among others.

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Household Cooking Appliances Market | Size, Share, COVID – 19 Outbreak and Forecast to 2026

According to a new market report published by Transparency Market Research titled Household Cooking Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2026, the global household cooking appliances market is expected to reach a value of US$ 110.58 Bn by 2026. In terms of value, the market is estimated to expand at a CAGR of 6.1% during the forecast period from 2018 to 2026. Increasing number of working women, and rising purchasing power and disposable income of consumers is expected to drive the market growth of household cooking appliances over the forecast period. Increasing preferences of consumers for energy-efficient alternatives rather than gas and electric devices and rising technological development of smart equipment for cooking food is also projected to boost the market growth in the coming years.

Rising living standards have influenced consumers to opt for better designed and smart appliances in their kitchen which further positively influences the demand for household cooking appliances. Increasing trend of nuclear families and stability in terms of finance encourages consumers to invest in cooking appliances with enhanced technology, thus increasing their demand.

Cooktops and cooking ranges segment is expected to hold the largest market share in terms of revenue and is also projected to grow steadily over the forecast period. This is due to introduction of smart equipment or IoT enabled equipment across the range which can be directly controlled by smartphones. In cooktops & cooking ranges, gas cooktops are anticipated to witness enormous growth in coming years due to their ability of regulating temperature instantly. The preference of consumers for energy efficient technology to cook food is expected to influence the increased demand for induction cooktops over the forecast period. Furthermore, increasing awareness about the benefits of induction cooktops such as easy installation and handling, minimal risk, effective management of heat, simplified cleaning process, and cost efficiency are expected to spur the demand for household cooking appliances over the forecast period.

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Demand for ovens is also expected to increase in the near future due to the availability of a variety of ovens with high capacity. Ovens are projected to witness a moderate growth rate during the forecast period due to the presence of innovative products equipped with easy control panels and auto program to enhance their usability and to meet the consumer demand. In the foreseeable years, manufacturers of microwave ovens in different parts of the world are likely to boost their use by addressing the changing requirements of food processing and the food service industry.

Furthermore, specialized appliances such as toasters, mixers, food processors, and blenders are also considered as essential appliances. Almost all consumers own these special appliances for their daily chores in the kitchen. Therefore, the volume share of specialized appliances is more compared to the volume of ovens. 

The household cooking appliances market in Asia Pacific is expected to witness the highest growth over the forecast period due to the changing lifestyle, higher disposable income, coupled with greater affordability which has increased the demand for household cooking appliances in the region. The market in the region is expected to witness growth at a CAGR of 6.9% in terms of revenue during the forecast period. In Asia Pacific, cooktops & cooking ranges are expected to have substantial growth over the forecast period. The growth is attributed to the major adoption of gas cooktops across the urban as well as rural sector. The region comprises more of middle class consumers; therefore, gas cooktops are expected to have high demand during the forecast period. Among the countries of Asia Pacific, China is anticipated to dominate the household cooking appliance market over the forecast period. As the electronics industry has been a pillar of success in China, the country is known for producing electronics and smart devices at a massive scale. Low labor cost and a sizeable customer base gives China a high attractiveness index. .

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Countries such as India and Japan are projected to have a considerable growth rate during the forecast period due to the growing number of households and their attraction toward household cooking appliances. The consumer durables industry in India and Japan has witnessed considerable change in the past couple of years. 

Some of the major players in the global household cooking appliances market are Electrolux AB, Haier Group Corporation, Hitachi, Ltd., Koninklijke Philips N.V., LG Electronics Inc., Midea Group, Miele & Cie. KG, Robert Bosch GmbH, Samsung Group, and The Whirlpool Corporation.

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Power Bank Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region,

Asia Pacific acquired greater share in the power bank market in 2018. Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc. Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price. Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability.

By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide. Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments.

By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Prominent players in the power bankmarket include GP Batteries International Ltd, EasyAcc.com, Inc., Maxell Holdings, Ltd., Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., IEC Technology, LLC, Apacer Technologies, Inc., Panasonic Corporation, Mophie, Inc, RavPower, MiPow Limited, Samsung Electronics Co., Ltd., Goal Zero Corporation, Sony Corporation, and Xtorm.

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Organic Personal Care Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

Transparency Market Research has recently published a new research report, titled “Organic Personal Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2027.” The extensive research report provides an explanation of the overall global organic personal care products market by using Porter’s five forces analysis. This report offers holistic view of the competitive landscape, the threat of substitute products or services, threat regarding new entrants, the bargaining power of customers, and the bargaining power of suppliers.

The global organic personal care products market was valued at US$12.98 Bn in 2018 and is expected to reach US$28.66 Bn by 2027, surging at a growth rate of 9.2% between 2017 and 2027. The growth of the global organic personal care products market will also be attributable to the growing number of distribution channels and launching of new and innovative products into the market.

Personal care products manufactured from organic ingredients are projected to increase rapidly in the near future.  As consumers are trying to replace synthetic cosmetics and personal care products, they are gradually opting for organic products. The growing awareness amongst consumers about the hazards of synthetic chemicals is also providing a boost to the global organic personal care products market. Organic personal care products are free from chemicals such as aluminum salts, phthalates, parabens, and petrochemicals. In countries like China, India and Japan etc. are projected to be the emerging markets for organic personal care products in the forecast period.

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The organic personal care products market is divided on the basis of type and region. The types of organic personal care products are skin care, hair care, cosmetics, oral care, and other products. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

North America region is the biggest market for the organic personal care products globally. As there is a high adoption of organic skincare, hair care, oral care and sun care products are projected to create new opportunities for the manufacturers & distributors of personal care products in the near future. Furthermore, the market in Asia Pacific is projected to expand at a significant growth rate during the forecast period.

As companies are making heavy investment on advertising organic personal care products and running promotional campaigns to enhance the sale of organic personal care products in the forecast period. Some of the key players in the global organic personal care products market are Estee Lauder, The Body Shop, The Hain Celestial Group, and Yves Rocher.

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The organic personal care products report highlights the SWOT analysis which includes the strengths, weakness, opportunity, and threats pertaining to the market. Porter’s Five Force Analysis in the report highlights threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitutes, and competitive rivalry. This analysis helps in understanding a company’s position in a particular industry as well as market entry strategies for new players. Key trends, both in terms of demand side and supply side is included, that helps in understanding the market scenario. Key market indicators are included in the report which portray some global facts such as growth of personal care product industry etc. in different countries across the globe.

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Smart Card Market Report: Top Companies, Trends and Future Prospects Details for Business Development

The global smart card market stood at US$ 32.5 bn in 2018. Due to increasing technological changes, the market is expected to reach US$ 79.8 bn by the end of 2027. Due to consistent growth and increasing use of smart cards, this market is estimated to rise at a CAGR of 10.5% during the forecast tenure between 2019 and 2027.

Key players driving the global smart card market are NXP Semiconductors NV, Gemalto NV, Infineon Technologies AG, and Giesecke & Devrient (G&D) GmbH. These companies hold hold dominant share in the global smart card market. Some of the new entrants such as Watchdata and Eastcompeace Technology Co. Ltd. are making significant efforts to give a tough competition to the existing players in the market. New players are providing solutions based on consumer preference.

Global transaction value via digital payment method was above US$ 3 trillion in 2019. Moreover, age group between 15–34 also has a robust keenness for new technologies that has changed digital solutions from being a accessibility to an important part of how people transact. This is one of the key trend of the growth in smart card sales.

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Growing Demand Of Contactless Smart Cards Will Drive The Market Growth

In terms of type, the global market for smart card can be segmented into contactless cards, contact cards, hybrid smart cards, and dual interface. The demand for contact smart cards is expected to keep rising as customers become more inclined towards an improved digital landscape. Based on component type, the global market for smart card can be segmented into microcontroller-based smart cards and card-based smart cards. The demand for microcontroller-based smart cards is increasing on account of the need to track transactions. 

Increasing Demand for Cashless Payment

Rising demand for cashless transaction in the developing economies in order to control and manage average spending is driving the product demand. It is a convenient option for companies to make their daily payment through smart card. According to a study. Canada, Sweden, U.K., France and U.S. are the top five cashless economies in the world.

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The information presented in this review is based on a TMR report, titled Smart Card Market (Type - Contact Smart Cards, Contactless Smart Cards, Hybrid Smart Cards, Dual-interface Smart Cards; Component –Microcontroller) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019– 2027”

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