Incident and Emergency Management Market Challenges, Business Strategies, Revenue Value and Competitive Landscape to 2030

Transparency Market Research delivers key insights on the global incident and emergency management market. In terms of revenue, the global incident and emergency management market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global incident and emergency management market.

Increase in economic loss due to rise in terrorism, natural calamities, and implementation of government initiatives and regulations for public safety are the main factors driving the global incident and emergency management market. The report analyzes the global incident and emergency management market and provides estimates in terms of revenue (US$ Mn) from 2018 to 2030.

Incident and Emergency Management: Market Drivers

There is an increasing adoption of data analytics technology for incident and emergency management. The data analytics technology plays a significant role in monitoring, preparing, and analyzing missions in real time due to the rising trend in the direction of incident and emergency management. This technology, coupled with social and mobile technology is used to integrate and streamline daily incidents, natural disasters, and emergencies taking place across the world. Moreover, government agencies are using the data analytics technology to enhance emergency management and recovery and preparation in order to manage incidents that are taking place. This, in turn, is expected to boost the impact of this driver during the forecast period.

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For instance, the IBM Corporation is working with government and public safety organizations across the world to implement the data analytics technology to improve response planning in the wake of natural disasters.

Key Challenges Faced by Incident and Emergency Management Market Players

The hardware structure prone to single point of failure may restrain the growth of the incident and emergency management market. The early warning system is highly prone to non-functionality with reference to single point failure in the infrastructure or the design of the monitoring and warning system. The whole system is composed of multiple components such as seismometer, accelerometer, alarm system, and GPS module, which are dependent on each other for functionality as well as for prediction.

Although the components are manufactured to work optimally in harsh conditions, even a single component failing to perform its task within the early warning system leads to high possibility of system failure, which may lead to huge losses due to natural disasters. This can restrain the growth of the incident and emergency market. The impact of this restraint is likely to be medium in short term and medium term in the current environmental cycle. Furthermore, the impact is likely to be low in the long term due to advancement in technology, resulting in a better solution to manage emergency situations as well as system failure.

Incident and Emergency Management Market: Prominent Regions

In terms of region, the global incident and emergency management market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the incident and emergency management market in 2019, with majority revenue share and is expected to continue its dominance over the forecast period from 2018 to 2030.  The deployment rate of the system for Asia Pacific is highest due to lack of infrastructure and technology and to manage such risks. In addition, globally, Asia Pacific is the region where floods and earthquakes hit most frequently and the damage within the region is very high compared to other regions.

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Hence, Asia Pacific holds prominent share of the incident and emergency management market. The incident and emergency management market in Asia Pacific is expected to reach US$ 14,113.4 Mn by 2030 from US$ 5,347.0 Mn in 2019, expanding at a CAGR of 9.4% during the forecast period. The North America incident and emergency management market is expected to reach US$ 12,501.1 Mn by 2030 from US$ 6,403.5 Mn in 2019, and expand at a CAGR of 6.3% during the forecast period. The climate in North America is becoming warmer and drier, which has led to increase in floods and the droughts.

Flood monitoring systems have the potential to reduce the risk of loss and therefore, are being adopted to take preventive measures. Thus, North America is expected to hold significant share of the incident and emergency management market. The United States is expected to dominate the incident and emergency management market, as despite a large wetland in the region, 17% of all the urban land in the United States is located in the “100-year” or high-risk flood zone. The western part of the United States is highly prone to flood. The deployment in the U.S. is highest within North America to reduce the risk of damage.

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Automotive Transmission Market Outlook, Revenue, Trends and Forecasts Research Report 2020-2025

The global automotive transmission market is largely consolidated in terms of its vendor landscape, partly owing to the presence of very few manufacturers that solely operate in the field and the preference of several leading auto-makers to in-house manufacturing of transmission systems in collaboration with some tier-I companies, observes Transparency Market Research in a recent report. This has led to a scenario wherein other transmission system manufacturers are left with very little scope of expansion. For sustainable returns, companies could benefit from strategic alliances with leading auto-makers. Some of the leading players in the market are Eaton Corporation, Continental AG, Allison Transmission, ZF Friedrichshafen AG, Borg Warner, Magana International Inc., JATCO, and Aisin Seiki.

According to the report, the global automotive transmission market was valued at US$30.02 bn in 2016 and is projected to rise to US$53.20 bn by 2025, registering a CAGR of 6.6% from 2017 to 2025.

In terms of the type of transmission chiefly used in automobiles, namely manual and automatic, the segment of manual transmission is presently the clear leader. Low cost of vehicles with manual transmission, well-established market for manual transmission vehicles, and lack of awareness among consumers regarding the vast benefits of automatic transmission have worked in favor of the manual transmission segment so far.

Geographically, the rising uptake of passenger vehicles across emerging economies such as India and China, the market for automotive transmission in Asia Pacific is likely to emerge as the most lucrative one. The market in North America is also expected to exhibit a promising pace of expansion owing to the demand for vehicles with advanced transmission systems.

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Rising Focus on Achieving Improved Fuel Economy Drives Major Developments in Market

While the continuous rise in demand for passenger vehicles across emerging economies forms the central factor driving the steady expansion of the market, a number of factors are also leading to vast changes in the way the market is developing. Factors such as changing preferences of consumers in terms of vehicle performance, the need for improved fuel economy of vehicles, and higher power requirements are pushing automotive companies and transmission system manufacturers to invest more in research and development activities. Moreover, automobile manufacturers are also continuously undertaking research efforts to improve vehicle performance so as to reduce transmission power response time and meet carbon emission norms.

The scenario has resulted in the development of technologically advanced products such as continuous variable transmission (CVTs), 9-speed automatic transmission, and dual shafts gearboxes (DSG). The increased demand for automatic transmission in entry-level vehicles, especially across emerging economies such as India, Brazil, and Mexico owing to the added convenience and comfort offered by automatic transmission, is also working in favor of the market.

Lack of Awareness Regarding Benefits of Automatic Transmission Continues Limit Growth

The market struggles to exploit its full potential across regional markets that feature consumer that lack the awareness regarding the vast benefits of advanced transmission systems and are highly sensitive regarding the cost of advanced vehicles. Several economies with a thriving automotive industry due to the rising disposable incomes and increased uptake of passenger vehicles, such as India, China, Mexico, and Brazil, still showcase the dominance of vehicles boasting manual transmission. While lack of awareness is largely attributable for this scenario, the high cost of vehicles with advanced transmission systems also plays a notable role.

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This review of the global automotive transmission market is based on a recent market research report by Transparency Market Research, titled “Automotive Transmission Market (Transmission Type – Manual Transmission, Automatic Transmission (Continuous Variable Transmission (CVT), Dual Clutch Transmission (DCT), and Automated Manual Transmission (AMT)); Vehicle Type – Passenger Vehicle, Commercial Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses and Coaches), and Electric Vehicle) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025.”

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Automotive Smart Home Integration Market Analysis, Demand, Growth Driver and Industry Segments by 2030

 

• Technological advancements in information technology and artificial intelligence are expected to drive the global automotive smart home integration market. Numerous automakers across the globe have started integrating personal assistant technologies into their vehicles.
• For instance, automakers including Ford, BMW, and Nissan have incorporated Amazon’s AI assistant, Alexa, into their select models. Smart home integration technology enables control over more than 1,000 different home devices through various platforms including tablets, smartphones, and vehicle dashboards.

Key drivers of Automotive Smart Home Integration Market

• Rise in demand for luxury features among consumers across the globe is expected to drive the global automotive smart home integration market. Smart home integration technology enables consumers to perform various activities including shopping, controlling home appliances including refrigerators, washing machines, remotely, through internet connection. For instance, Toyota Prius comes with built-in AI Assistant – Alexa and integration of home skills API (Application Programming Interface), which enables consumers to control various functions ranging from ordering grocery deliveries to preheating the oven from inside the vehicle.
• Technological advancements, in terms of IoT (Internet of Things) and connected car technology, are anticipated to propel the global automotive smart home integration market. According to a report, over 90 million vehicles are expected to have connected cars technology by 2021. Major strategies adopted by automakers include investments & expansions, contracts & agreements, and new product launches. Moreover, mergers & acquisitions have emerged as a key strategy among key players, as companies look to strengthen their service offerings and geographic market reach by offering their products. Additionally, major players are anticipated to increase investments toward R&D of Artificial Intelligence (AI).

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• For instance, Honda Motors has developed its own smart home concept that produces more electricity than it consumes. This technology aims to provide an electricity surplus that would enable homeowners to charge their electric vehicles. All of this is controlled by a dedicated AI that distributes energy smartly throughout the home appliances.
• However, disruptions in supply chain catering to the automobile industry, owing to the shutdown of production and manufacturing facilities caused by the coronavirus pandemic across the world, is estimated to contract the market in 2020-2021. Consequently, the coronavirus pandemic has hampered the global automotive smart home integration market.
• The global automotive smart home integration market is anticipated to recover by increasing integration of smart home API coupled with a rise in production volume of vehicles in 2021. This, in turn, is projected to offer lucrative opportunity to players operating in the supply chain of the automotive anti-pinch window market during the forecast period.

Automotive Smart Home Integration Market: Restraint

• The smart home integration requires smart home appliances to control them remotely. Additionally, both AI-assistant and smart home appliances require continuous internet connection. Smart appliances are more expensive than traditional appliances and the cost of internet connection is an additional periodic expense. Therefore, the high purchase cost of smart home appliances coupled with high operation cost of the technology is projected to restrain the global automotive smart home integration market.

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North America and Europe combined to account for prominent share of global automotive smart home integration market

• In terms of region, the global automotive smart home integration market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
• North America and Europe have presence of economically stable countries. These regions are also home to technologically advanced research institutes catering to the development of AI technologies. Additionally, major players have established their technological centers and manufacturing facilities in various countries including the U.S., Germany, the U.K., and France. All the factors mentioned above contributed to the major share held by these regions in the global automotive smart home integration market.

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Automotive Active Health Monitoring System Market Trend, Drivers and Growth Rate, Forecast by 2030

According to the report, the global automotive active health monitoring system market is projected to reach ~US$ 10 Bn by 2030, expanding at a CAGR of 32% during the forecast period. The global automotive active health monitoring system market is likely to expand at a CAGR of 32%. Rise in demand for safety features in vehicles and initiatives by governments and OEMs in driver health monitoring are boosting the usage of active health monitoring system, which is anticipated to augment the global automotive active health monitoring system market during the forecast period.

Several OEMs are focusing on the research and development of active health monitoring system in terms of its location under the driver’s seat. Hence, it is likely to be introduced before the dashboard health monitoring system. The dashboard segment is projected to expand at a higher growth rate due to the dashboard active health monitoring system’s integration in the vehicle and combination with other technologies such as active drowsiness system, as it is it is highly cost-effective, as compared to the seat type active health monitoring system.

Expansion of Automotive Active Health Monitoring System Market

The expansion of the market can be attributed to an increase in chronic illness across the globe, owing to unhealthy lifestyle, poor diet, and increase in stress level. The leading cause of death in the U.S. is chronic diseases. In 2012, 117 million people had one or more chronic health conditions, and one in four adults had two or more chronic health conditions. Likewise, in Europe, chronic diseases is a major cause of road accidents-related mortality.

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According to the World Health Organization, in Europe, more than one-third of the population above the age of 15 has chronic disease. Major OEMs, such as Audi, BMW, Mercedes, Ford, Volkswagen, and Volvo, are taking initiatives in driver health monitoring by providing features, such as driver attention and drowsiness detection, by using driving inputs, cameras, and biomedical sensors. These factors are likely to propel the active health monitoring system market during the forecast period.

The dashboard health monitoring system has comparatively more components; hence, it is more expensive. However, the dashboard segment is likely to expand at a rapid pace due to higher functionality provided by the system. Consequently, the dashboard segment is likely to dominate the automotive active health monitoring system market during the forecast period. In terms of vehicle type, the passenger vehicle segment is expected to dominate automotive active health monitoring system market. Passenger vehicle is a highly lucrative segment and is projected to account for a higher share of the market, owing to the higher rate of adoption and vehicles transitioning toward ride safety. The automotive active health monitoring system is still in the testing and introduction phase, which is expected to witness significant adoption due to a rise in safety and security concerns.

Regional Analysis of Automotive Active Health Monitoring System Market

In terms of region, Europe is expected to be a highly attractive market by the end of 2021, in terms of revenue, followed by North America and Asia Pacific. North America is likely to hold a prominent share of the market during the forecast period, owing to the higher implementation of the active health monitoring systems in vehicles in the U.S. People in North America and Europe are facing health issues such as obesity, high/low blood pressure, diabetes, and they need a system that is likely to monitor the vital health signs of an individual.

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Prominent players operating in the global automotive active health monitoring system market include Faurecia, TATA Elxsi, and Plessey Semiconductors. Major OEMs such as Audi, BMW, Mercedes, Ford, Volkswagen, and Volvo are taking initiatives in driver health monitoring by providing features, such as driver attention and drowsiness detection, by using driving inputs, cameras, and biomedical sensors.

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Automotive Lubricant Market Trends, Segmentation, Key Players, Application And Forecast

Transparency Market Research has published a new report titled, “Automotive Lubricant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive lubricant market is anticipated to surpass US$ 120 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Increased number of on-road vehicles, globally, is driving the automotive lubricant market. Average age of vehicles has increased with more number of people preferring to retain their vehicle. Consequently, an increased number of ageing vehicles on the road need maintenance, thereby driving the demand for automotive lubricant.

Demand for lower viscosity oils has increased due to their ability to improve engine performance and fuel economy. OEMs are recommending lower viscosity lubricants and shifting the OEM and aftermarket demand toward better quality synthetic /semi-synthetic oils. Consumers are becoming more aware about maintenance of their vehicle’s health. Synthetic/Semi-synthetic oils are expensive but have longer drain interval time and hence, adoption of these oils is a win-win situation for both manufacturers and consumers.

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Therefore, the market is moving toward higher value lubricants. API or API-equivalent standards are followed globally in order to curb rising emission and maintain minimum performance of lubricants. Rising performance requirements are prompting OEMs to seek better quality lubricants, which in turn is boosting the automotive lubricant market.

Vehicle users in North America and Europe prefer automatic transmission, which contributes to the high demand for automatic transmission fluid (ATF) in these regions. Asia Pacific is witnessing a technology shift from manual to automatic transmission, owing to the rising demand for continuously variable transmission and dual clutch transmission. This is expected to drive the demand for ATF in the region.

In terms of sales channel, the aftermarket segment is expected to dominate the global automotive lubricant market. Automotive lubricants require periodic replacement and hence, the demand for lubricants in the aftermarket is high. OEMs have different lubricant specifications in different countries. However, OEMs are converging to maintain same portfolio across the global market in order to simplify marketing and distribution.

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Key players operating in the global automotive lubricant market include Royal Dutch Shell plc, ExxonMobil Corporation, BP p.l.c., Chevron Corporation, Total S.A.., Sinopec Corporation, Fuchs Lubricants Co., LUKOIL, Phillips 66 Company, Valvoline LLC, Repsol S.A., JXTG Nippon Oil & Energy Corporation, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Petrobras, and Morris Lubricants. The market is largely fragmented due to the presence of several public-sector companies.

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Thermal Incinerator Market Size will Escalate Rapidly in the Near Future 2020

 

• Thermal incinerators are used for controlling air pollution inside manufacturing units. Many chemical industries have installed thermal incinerators to improve air quality inside their plants.

Key Drivers of the Global Thermal Incinerator Market

• Thermal incinerators have the ability to decrease emissions from most VOC sources, including distillation vents, reactor vents, solvent operations, and operations performed in dryers, kilns, and ovens. Moreover, the product also handles minor fluctuations in air flow. Demand for thermal incinerators is expected to increase in different manufacturing industries as a result of multiple usages of the product.
• Mandatory government regulations related to environmental measures for manufacturing industries is expected to work as a potential driver of the thermal incinerator market. Rising environmental concerns at the global level also boosts the sales of thermal incinerators in both developed and developing countries.
• The chemical industry and oil & gas production faced a major slowdown from March 2020 to July 2020 as a result of Covid-19. This has decreased their overall sales for the financial year 2020-21. However, companies are signing partnerships with different companies to improve their total revenue.

Technological Advancements to Create New Market Opportunities

• Technological innovations in the thermal incinerator manufacturing process has created new opportunities in the thermal incinerator market. Companies are offering advanced products which are compact and work without any noise.

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High Consumption of Energy to Restrict Market Growth

• Thermal incinerators require high energy to purify air. Average energy consumption is very high compared to other industrial products. This affects total operational and maintenance cost for manufacturing industries and may restrict their market growth in the near future.

Asia Pacific the Dominant Market for Thermal Incinerators

• Increasing number of chemical and oil & gas companies coupled high foreign investment in different end-use segments in the Asia Pacific region is one of the key reasons driving the demand for thermal incinerators in the region. China and India are key markets. Japan and South Korea also account for significant share of the thermal incinerator market. Industrial growth in Brazil and South Africa is driving the demand for thermal incinerators in South America and Middle East & Africa regions.
• Key manufacturers are operating their business from Asia Pacific and North America. These players have a global reach through their own sales channels or distributors. North America and Europe also have significant share in the thermal incinerator market.

Key Players Operating in the Global Thermal Incinerator Market

Key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are trying to increase their sales by improving their domestic market share. The global thermal incinerator market is fragmented in nature.

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Companies are working on product innovation and development to increase their customer base. Some of the key players operating in the global thermal incinerator market are listed below:

• John Zink Hamworthy Combustion/Koch
•  Honeywell International
•  Fives
•  Catalytic Combustion Corporation
•  Pollution Systems
•  Dürr Cleantechnology
•  Anguil Environmental Systems
•  Catalytic Products International

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Bra Market Growth, Trends And Forecasts (2020-2026)

According to a new market report published by Transparency Market Research titled “Bra Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018– 2026,” the global bra market was valued at US$ 24,582.4 Mn in 2017 and is expected to reach US$ 34,914.7 Mn in terms of revenue by 2026, growing at a CAGR of 4.1% from 2018 to 2026.

The demand for bra has grown tremendously in recent years. Padded bra type has the highest demand in the bra market. Availability of bras in different types, colors, and pattern will drive the bra market globally. Women from all backgrounds want to try out the latest trends in the bra market. Most companies have exclusive stores in shopping malls or outlet stores.

The demand for non-padded bra is expected to grow during the forecast period. Padded bra segment held the largest market share of more than 71.7% in 2017. In the padded bra type, demand for sports bra has grown over the past few years and the trend is expected to continue during the forecast period. Europe and North America are expected to drive the demand for non-padded bra over the forecast period. The market for non-padded bra is expected to grow at a healthy rate in the Asia Pacific region.

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Based on product type, the global bra market has been segmented into padded bra and non-padded bra. Padded bra is the most common and preferred type of bra among women across the world. Padded bra has a thin layer of foam or fabric between the two layers of fabric outside the cup and inside the cup while non-padded bra has just a single layer of fabric. Under the padded bra segment, sports bra holds the major share and is expected to maintain its position over the forecast period. Higher standard of living is a key factor which is expected to accelerate the padded bra market during the forecast period.

Geographically, in terms of revenue, Europe held the largest share in the bra market in 2017. followed by North America. In North America, the US. is the highest revenue generating country in the bra market. Although Europe holds the largest market share, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period. In Asia Pacific, India and China have the highest growth rate as compared to other countries. The market in MEA and South America are expected to witness slow growth as compared to the other regions of the world.

The bra market consists of a large number of public and private players. The industry players focus on developing new products to satisfy the changing consumer preferences.

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Product innovation, technological advancements, and acquisitions are the key competitive strategies adopted by the top players in the bra market. L Brands Inc., Hanesbrands Inc., The Phillips-Van Heusen Corporation, Berkshire Hathaway Inc. (Fruit of the Loom), Wacoal, Jockey International, Inc., Groupe Chantelle, Triumph International, and Wolf Lingerie Limited are the key companies profiled in the research report. The report also offers competitive landscape of the key players in the bra market.

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