Embedded System Market Technological Improvements Steering Growth during 2020-2027

Embedded systems market is one of the most robust, and innovative frontier for technological development. In 2007, Barr Micheal, a leading global expert on embedded system said, the systems were used in over 98% microprocessors used back then. The market just promises to expand its scope for growth with new applications like home automation, electric vehicles, and global smart initiatives like Internet of Vehicle, driven by Internet of Things.

According to TMR experts, the embedded systems market will reach a valuation of US$338.34 bn by 2021. The market promises to exhibit notable growth a CAGR of 6.4% during 2019-2027.

Growth of 5G, and Rising Penetration of IoT to Promise Tremendous Growth

The advancements in consumer electronics has emerged as a major positive recently. The technology has enabled developments like Personal Area Network, advanced personal control to mobile users, and concepts like smart home automation. Among these, the smart home automation promises opportunities in many areas including lighting, security, lawn / gardening management, smart home appliances, advanced home entertainment systems, AI personal assistants, and HVAC systems. The home automation is expected to receive a major boost in the near future, as major carries like Verizon have rolled out 5G technology already in key markets like the US. Moreover, the technology has already been widely adopted in China, wherein the government has driven key infrastructure developments like IoV on the back of advanced networking capabilities.

One of the biggest pain point or opportunity in the market is expected to remain the efficiency, and advanced IoT capabilities of these devices. The rise in home automation can provide new impetus to ailing sectors like constructions with a boost to home prices, and is increasingly becoming a necessity due to green legislations for energy efficiency, and sustainable energy. For example, countries like India, and UK have laid out plans to replace conventional meters with smart meters in every home. The growth of 5G also seems promising as key companies like Apple in the US region has acquired the Intel’s 5G telecom division, which might soon power the adoption of technology worldwide.

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Electric Vehicles Promise to Ride Embedded Systems to New Heights    

The embedded systems market will witness strong growth in the automobile sector, thanks to promising growth of electric vehicles. According to TMR analysts, the auto sector will comprise of 18.3% market share by 2027. This growth isn’t surprising as electric automobiles require energy efficient and intelligent infrastructure to communicate with key components like energy grids, sensors, and promise to power the future on the back of these advancements.

According to International Energy Agency, by 2040, 40% of all passenger vehicles will be electric. Moreover, smart and efficient management of electric vehicle is a major arena for advancement. For example, Tesla, known to be a leading player in electric vehicles worldwide, promises nearly 370 miles on a single charge. The company has caught worldwide attention due to leap forward from the likes of Nissan electric vehicle of earlier generation, which provided 107 miles per charge. Moreover, the most electric infrastructure of today still promises major scope for improvement with energy efficiency, and smart automation.

A large number of highly influential trends for embedded systems players are visible in the fields of telecommunications, aerospace, defense, and healthcare. Each of these fields is making greater usage of embedded systems to perform complex functions with high accuracy. The scope of embedded systems grows even further with the inception of the Internet of things concept. The growing need for smart electronics and connected devices across various industries in the world is giving rise to a heavy demand for efficient embedded systems.

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The future of the global embedded systems market lies in the low performance controller applications, as well as the creation of low power consumption systems.

A large chunk of the total revenue obtained by players in the global embedded systems market is expected to come from North America. This region has consistently remained at the top of the consumption charts for embedded systems and is likely to continue showing a high demand for them. Additionally, North America has had a significant head start in the use of embedded systems and holds the presence of a large number of the globally prominent players.

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Pre and Post COVID-19 impact overview of the Global Hygienic Diaphragm Valves in Biopharma Market

Transparency Market Research delivers key insights on the global hygienic diaphragm valves in biopharma market. In terms of revenue, the global hygienic diaphragm valves in biopharma market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global hygienic diaphragm valves in biopharma market report.

In this market report, TMR predicts the rising biopharma sector across the globe to have a noteworthy impact on the overall hygienic diaphragm valves in biopharma market. The research-based pharmaceutical industry plays a unique role in developing new medicines and vaccines to prevent and treat diseases, and improve the lives of patients worldwide. Its key contribution to global health is turning fundamental research into innovative treatments.

Of all industrial sectors, the research-based pharmaceutical industry has consistently invested the most in R&D, even in times of economic turmoil and financial crisis. Compared to other high-technology industries, the annual spending by the pharmaceutical industry is more as compared to others industries in terms of R&D, production, and overall expenditure. This may encourage companies to opt for better technologies and components to enhance their productivity and act as a potential driving factor for the growth of hygienic diaphragm valves in biopharma market. Robust growth in the biopharma sector is anticipated to propel the sale of hygienic diaphragm valves in the Asia Pacific region.

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Depending on biopharma processing, companies are offering different hygienic diaphragm valves, which are more suited to the task. Furthermore, stringent regulations related to industrial emission and leakages are bridging this gap, which is driving their demand. The outbreak of coronavirus has resulted in economic slowdown of almost all countries. The spread of coronavirus has led to lockdown in many countries, thus affecting consumer-spending power. The lockdown has resulted in shutdown in different sectors, which has resulted in economic slowdown. The drop in production activities across various industries globally will act as a restraint to the global hygienic diaphragm valves in biopharma market. However, major players of biopharma are up against a fresh set of challenges even as the pandemic has spurred adoption of technologies and other innovations to support virtual work and other functions.

In terms of type, the hygienic diaphragm valves in biopharma market has been segmented into tank valves and inline processing valves. During the forecast period, the market is anticipated to be dominated by inline processing valves segment. In the report, based on valve type, the hygienic diaphragm valves in biopharma market has been divided into weir type and weirless radial diaphragm. Based on usage, market has been segregated into single use and multi use.

Based on material, the hygienic diaphragm valves in biopharma market has been categorized into PTFE, silicone, EPDM and others. The EPDM segment is anticipated to expand at a significant growth rate during the forecast period. In terms of application, the hygienic diaphragm valves in biopharma market has been split into Water for Injection (WFI), biopharma microbiology, bioproduction, drug formulation, and others. The bioproduction segment is anticipated to expand at a higher pace. In terms of distribution channel, the hygienic diaphragm valves in biopharma market has been bifurcated into online and offline. During the forecast period, the offline segment is anticipated to dominate the market. Asia Pacific has seen a surge in adoption of eCommerce among consumers, which, in turn, has increased online retail sales of hygienic diaphragm valves in biopharma.

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Hygienic Diaphragm Valves in Biopharma Market: Prominent Regions

Geographically, North America led the hygienic diaphragm valves in biopharma market in 2019 and the region is expected to retain its dominance during the forecast period. The U.S. is considered to be a major market for hygienic diaphragm valves in biopharma in the North America region. In the Asia Pacific region, China and India are considered major markets for hygienic diaphragm valves in biopharma, although South America and Europe have been dominating the hygienic diaphragm valves in biopharma market. African provinces also significantly contribute to the growth of the global hygienic diaphragm valves in biopharma market.

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Air Conditioning Systems Market: Latest Innovations, Drivers and Industry Key Events 2020-2027

According to TMR, the global air conditioning systems market is expected to reach US$160.3 bn by 2027. In terms of type of air conditioning systems, split AC segment is expected to grow with a higher CAGR in coming years. In terms of region, the Middle East and Africa is witnessing the fastest growth rate. In 2018, Asia Pacific was valued to be the largest market and is expected to maintain its dominance in coming years.

In terms of application, commercial segment accounted for largest and fastest growing category as a result of its  usage in hotels, hospitals, clinics, and similar other areas. In terms of volume however, the residential application segment LED in the past. Residential segment is also anticipated to witness the fastest growth rate during the forecast period.

The global air conditioning systems market fragmented by nature with the presence of several small and medium companies. Companies are adopting the strategy of product innovation & development as well as investing in geographical expansion. Some of the bigger players are acquiring small players to increase their product range and market share as well as geographical reach in the market. A few of the key players operating in the global air conditioning systems market are Daikin Industries Ltd., Gree Electric Appliances, Inc., and Carrier Corporation, Panasonic Corporation, Mitsubishi Corporation, and The Midea Group, LG Electronics, Haier Electronics Group Co., Ltd., and Hitachi Ltd.

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It has been observed that air conditioning systems consume higher amount of energy. Companies are working on low energy consumable products which can meet the consumer demand. Some of the companies are adopting green technologies and advanced technologies that are making air conditioning systems, energy efficient. Players are also coming up with designs in order to meet the energy requirements of consumers as well as complies with the government standards. The trend of green technology and smart homes are expected to boost the market demand in coming years.

Stringent Government Regulations to Aid Growth of Market

Key factors attributing to the global air conditioning systems market is growth in increasing spending on construction and housing sector at global level. Rising population and urbanization has led to higher spending on infrastructural activities. Stringent government regulations and policies, growing consumer expectations and technological advancements are also helping drive the growth of the global air conditioning systems market. The demand for air conditioning systems is very strong from the commercial sector in the Asia Pacific region on account of climatic variations.

Europe is expected to have a moderate growth in coming years. EU7 is the major revenue contributor in 2018. Increasing awareness regarding the benefits offered by energy-efficient air conditioning systems in building automation and control is propelling the growth of the region. Furthermore, increasing number of promotional activities by private and government organization in order to aware the consumers towards the requirement of energy-efficient products to lower the energy consumption will have a positive impact in this market.

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The leading players in the market are Daikin Industries Ltd., Gree Electric Appliances Inc., and Carrier Corporation. Other prominent companies operating in the global air conditioning systems market are Haier Electronics Group Co., Mitsubishi Corporation, Panasonic Corporation, LG Electronics, The Midea Group, Ltd., and Hitachi Ltd. Companies are working on integrating products in order to expand their customer outreach. Moreover, few companies are adopting strategies including merger & acquisition and product innovation to increase their market reach.

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Biomedical Refrigerators and Freezers Market By Leading Manufacturers, Demand and Growth Overview 2021

According to a new market report published by Transparency Market Research titled “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,” the global biomedical refrigerator and freezer market is expected to reach a value of US$ 7122.4 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.5% during the forecast period from 2019 to 2027. North America is accounted for the major sales of biomedical refrigerators in 2018 and expected to maintain its dominance in coming years.

Biomedical refrigerators and freezers are medical devices that are specifically used to store medical samples such as medicines, vaccines, flammable chemicals, enzymes, blood, and blood products. Biomedical refrigerators and freezers are used in hospitals, research laboratories, diagnostic centers, pharmacies, and blood banks etc. Unlike domestic refrigerators and freezers, biomedical refrigerators and freezers provide optimum conditions for storage of medical products.

Based on the application in different fields, biomedical refrigerators and freezers are of different types. For example, ultra-low temperature (ULT) freezers are insulated cabinets that maintain temperatures ranging from -70 degree C to -80 degree C. These freezers are primarily used in research laboratories and biomedical engineering facilities. Furthermore, blood bank refrigerators are medical equipment primarily used in blood banks. They maintain temperatures that range between +1 degree C to +6 degree C. Transparency Market Research analyses the global biomedical refrigerators and freezers market in terms of value in US Mn.

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Based on product type, plasma freezers accounted for the largest share in the global biomedical refrigerator and freezer market. Factor attributing the segment growth is increasing number of apheresis procedures performed, coupled with rising demand for the storage of fresh frozen plasma (FFP). In addition, increasing number of hospitals, research laboratories, and pharmacies have resulted in enhanced adoption of biomedical refrigerators and freezers. These factors are expected to drive the growth potential of biomedical refrigerators and freezers.

A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global biomedical refrigerators and freezers market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts for the global biomedical refrigerators and freezers market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, service managers, CEOs, VPs, and market intelligence managers who contributed to the production of TMR’s study on the biomedical refrigerators and freezers market as a primary source.

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These primary and secondary sources provided exclusive information during interviews, which serves as a validation from biomedical refrigerators and freezers industry leaders. Access to an extensive internal repository and external proprietary database allows this report to address specific details and questions about the global biomedical refrigerators and freezers market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global biomedical refrigerators and freezers market more reliable and accurate.

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Automotive Fuel-level Gauge System Market to Witness Astonishing Growth by 2030

 

• Fuel level gauge, also known as fuel level sensor, enables drivers to monitor fuel consumption and helps determine when to refill the tank. The fuel gauge consists of two main components: the sensing system, also known as the sender, and the indicator also commonly referred to as the gauge.

Key Drivers of Automotive Fuel-level Gauge System Market

• Rise in per capita income among the population coupled with increasing urbanization and a rise in the demand for transportation of the population as well as consumer products is boosting the demand for vehicles. The automotive industry has been witnessing a surge in demand for both passenger and commercial vehicles for the last decade, driven by a surge of mobility services such as ride-sharing, vehicle-leasing, and vehicle subscription services owing to the flexibility, convenience, and affordability associated in these mobility models. This, in turn, has been propelling the demand for automotive and consequently, driving the automotive fuel-level gauge systems market.

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Challenges in Automotive Fuel-level Gauge System Market

• Electric vehicles are replacing conventional IC engine-run vehicles, this trend is estimated to act as a major restraint to the automotive fuel-level gauge system market. Several government organizations and regulatory authorities around the globe have enacted stringent vehicle regulations and standards pertaining to diesel engine-operated vehicles. This, in turn, has prompted automakers around the globe to announce their plans to phase out the production of diesel engine vehicles. For instance, on December 29, 2019, Mitsubishi Motors, a Japan-based automaker announced plans to eliminate diesel versions of its key car models by the end of 2021 and significantly reduce the size of its existing diesel vehicle business. Automakers are expected to shift their focus towards electric vehicles. The company plans to modify the current diesel production facilities for manufacturing electric vehicles. Additionally, in May 2018, Nissan Motors announced that they have already terminated development of diesel engines. Automakers including GM, Ford, and Volkswagen have also announced similar plans to stop diesel engine vehicle production across Europe and increase their capabilities in terms of manufacturing electric vehicles. Therefore, phasing out of IC engines is projected to act as a major restraint to the automotive fuel-level gauge systems market in the near future.
• The COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations, thus hampered the automotive industry. Post first wave of COVID-19 global economies have started opening up automotive manufacturing and supply chain operations. Thus, the COVID impact on the industry have seems to reach a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months despite concerns around the risk of a second wave of infection in numerous countries and other geopolitical risks.

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Opportunities in Automotive Fuel-level Gauge System Market

• Technological developments and better design of fuel tanks, such as elimination of bends and reduction in variation in height, which impacts sensor accuracy, to +/- 1 mm verses the industry standard +/- 3mm for fitting of sensors in the vehicle, are aiding in precise measuring of fuel levels in the automotive vehicles and consequently, boosting the adopting of fuel-level gauge systems in more vehicle classes. This, in turn, is estimated to offer significant opportunity to the market.

Automotive fuel-level gauge system market in Asia Pacific to expand at a notable growth rate

• Asia Pacific is an expanding and major market for automotive fuel-level gauge system, owing to the rapid urbanization, increase in population, industrialization, increase in per capita income, surge in economic activity, development of road and infrastructure, expansion of the construction industry, and a rise in living standards. Furthermore, expansion of the e-commerce industry coupled with rapid expansion of the road logistics network are together boosting vehicle sales, especially in rapidly expanding economies such as China and India, thus driving the automotive fuel-level gauge system market.

Key Players Operating in Automotive Fuel-level Gauge System Market

The global automotive fuel-level gauge system market is moderately consolidated. A few of the key players operating in the global automotive fuel-level gauge system market are:

• Continental AG
• BorgWarner Inc.
• elobau GmbH & Co. KG
• Minda Corp. Ltd
• Pricol Ltd
• Robert Bosch GmbH
• Rochester Gauges LLC

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Automotive Engineering Service Providers Market Analysis, Trends and Prospect

 

• Automotive engineering service providers offer various engineering solutions and services to original equipment manufacturers and industries. The services offered for various automotive applications include chassis, vehicle interior and exterior, and safety systems.

Key Drivers of Automotive Engineering Service Providers Market

• Rise in demand for vehicle testing, introduction to artificial intelligence, and 5G connectivity are likely to increase the demand for automotive connected services across the globe. Major original equipment manufacturers across the globe prefer in-house vehicle testing for better results. In-house testing requires components including sensors and IoT devices, which is likely to boost the automotive engineering service providers market across the globe. Rise in demand for connected vehicles across the globe, which consist of simulation and testing of software, is also a key factor driving the automotive engineering service provider market across the globe.

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• Rise in competition between automotive service providers and component provider across the globe is likely to propel the automotive engineering service provider market across the globe. Major governments across the globe are supporting service providers to develop efficient vehicles, which is also anticipated to boost the automotive engineering service provider market across the globe. Rise in incorporation of electrification, connected services, and autonomous driving is likely to drive research & development services. This is likely to boost the automotive engineering service providers market across the globe.

Europe & Asia Pacific to hold significant share of global automotive engineering service providers market

• Europe is projected to account for a significant share of the global automotive engineering service providers market owing to an increase in investments by service providers and vehicle manufacturers across Europe. Europe has major presence of vehicle manufacturers, including Volkswagen AG and Daimler AG, which is likely to boost the automotive engineering service providers market across Europe.
• Followed by Europe, Asia Pacific is projected to hold a major share of the global automotive engineering service providers market due to an increase in vehicle sales across the region. Presence of major automotive manufacturing industries across China, India, and Japan, who are investing in engineering services, is anticipated to boost the automotive engineering service providers market in Asia Pacific.

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Key Players Operating in Automotive Engineering Service Providers Market

The global automotive engineering service providers market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive engineering service providers market are:

• AKKA Technologies SE
• AVL List GmbH
• Bertrandt AG
• Capgemini Service SAS
• EDAG Engineering Group AG
• HCL Technologies Ltd
• Larsen & Toubro Ltd

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Farm Tire Market to Exhibit Potential Growth

Transparency Market Research has published a new report titled, “Farm Tire Market [Application: Tractors, Harvesters, Implements, Irrigation, Forestry, Others; Tire Type: Radial and Bias; Equipment Horsepower: 0-80Hp and 80-200HP; Sales Channel- OEM and Aftermarket] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025.” According to the report, the global farm tire market is projected to reach US$ 10 Bn by 2025, expanding at a CAGR of 4.94% during the forecast period.

According to the report, the global farm tire market is likely to be driven by a range of macroeconomic and industry-specific factors. Europe is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of 5.43% between 2018 and 2025.

Increasing demand for agricultural products led by rising population across the globe is anticipated to be a major driver of the farm tires market during the forecast period. Moreover, encouraging government policies, such as subsidies on agricultural products and agricultural machinery, are estimated to trigger the adoption of farm tires. Governments of developing countries, generally, provide attractive financing options with low interest and subsidies on farming equipment in order to augment the production of farms and to cater to the demand for food by the growing population.

Economic expansion has propelled the investment for the improvement of agricultural infrastructure across the globe, specifically across developing countries, which are witnessing heavy investment in agricultural equipment. This, in turn, is anticipated to boost farm tire market during the forecast period.

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Growing population is projected to fuel the need for agricultural products in the next few years. Since automation is the only way to increase agricultural productivity and meet the requirements of the growing population; demand for agricultural machinery including tractors, harvesters, Implements, and others is anticipated to rise significantly during the forecast period. Furthermore, the Chinese government provides subsidy on agricultural machinery. Greater encouragement for export along with expansion of the agricultural service industry are anticipated to boost the agricultural output during the forecast period. Rapid urbanization, surge in incomes, and increased demand for processed food are likely to boost agricultural activities, which in turn is expected to propel the use of various agricultural vehicles during the forecast period.

The study includes profiles of major companies operating in the global farm tire market. Key players in the market include Balkrishna Industries Limited (BKT), Bridgestone Corporation, Continental AG, MICHELIN, Mitas, TBC Corporation, Titan International, Inc., Sumitomo Rubber Industries Ltd., and Pirelli & C. S.p.A. Market players have been profiled in terms of attributes, such as company overview, financial overview, business strategies, recent developments, and manufacturing footprints.

The report provides the market size of farm tire for 2017 and forecast for the next eight years. The global market size of farm tire market has been provided in terms of value and volume. Market numbers have been estimated based on key application, tire type, equipment horsepower, and sales channel for regional segments of the farm tire market. Market size and forecast for each major Application, equipment horsepower, and tire type have been provided in terms of global and regional/country markets.

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In order to compile the research report, we have conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We have reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search on recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be a reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

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