Automotive Aluminum Extrusion Market Foraying Into Emerging Economies 2030

According to the report, the global automotive aluminum extrusion market is projected to reach US$ 93.3 Bn by 2030, expanding at a CAGR of 6% during the forecast period. Rise in the demand for lightweight vehicles across the globe is likely to propel the automotive aluminum extrusion market. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. The enactment of stringent regulations regarding exhaust gas emission across the globe is prompting vehicle industries to develop lightweight vehicles, which is likely to propel the automotive aluminum extrusion market across the globe.

Expansion of Global Automotive Aluminum Extrusion Market

The surge in trade volume owing to rising bilateral trade among countries is projected to boost the automotive aluminum extrusion market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Based on vehicle, the global automotive aluminum extrusion market has been segmented into minicompact (A Segment), supermini (B Segment), compact (C Segment), mid-size (D Segment), executive (E Segment), luxury (F Segment), utility vehicles, light commercial vehicles, heavy commercial vehicles, and buses & coaches. Utility vehicles is likely to be a highly lucrative segment during the forecast period. This is primarily due to rise in demand for SUVs across the globe. The increase in demand for light commercial vehicles across the globe due to an increase in transportation of goods and commodities across the globe is projected to fuel the demand for light commercial vehicles globally.

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Based on type, the sub-structure segment accounted for a significant share of the global automotive aluminum extrusion market. Rise in demand for electric vehicles where aluminum sub-structure is widely used to increase vehicle range is anticipated to boost the automotive aluminum extrusion market across the globe.

Regional Analysis of Automotive Aluminum Extrusion Market

The global automotive aluminum extrusion market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive aluminum extrusion market in 2019. It is anticipated to hold a leading share during the forecast period due to rise in the production and sale of vehicles in China and countries in ASEAN.

Followed by Asia Pacific, Europe also held a significant share of the global automotive aluminum extrusion market due to increase in the demand for utility vehicles in the region. The surge in the demand for electric vehicles due to an enactment of stringent emission norms across Europe and Asia Pacific is likely to propel the aluminum extrusion market across Europe and Asia Pacific.

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Key Players in Automotive Aluminum Extrusion Market

Prominent players operating in the global automotive aluminum extrusion market include BENTLER International, Bonnell Aluminum Extrusion Company, CAPALEX, Constellium SE, Innoval Technology, Kaiser Aluminum Corp, KOBE STEEL Ltd., Norsk Hydro ASA, Novelis Inc. OmniMax International, ProfilGruppen Extrusions AB, SMS Schimmer, UACJ Automotive Whitehall Industries, Inc., and Walter Klein GmbH & Co. KG.

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ADAS Calibration Equipment Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2028

The global ADAS (advanced driver assistance systems) calibration equipment market is pegged to gain noteworthy amount in revenues during the forecast period of 2019 to 2028. This growth is attributed to thriving automotive sector in all the worldwide locations. The segmentation of the global ADAS calibration equipment market is performed on the basis of vehicle, end-user, and region. Based on end-user, the market for ADAS calibration equipment is bifurcated into tier 1 suppliers, automotive OEMs, and service stations.

An upcoming research report from TMR on the ADAS calibration equipment market offers in-depth assessment of vital elements impacting positively and negatively on the overall market growth. In addition, it provides reliable data on shares, volume, revenues, probable growth avenues, and key players in working this market. The report gives helpful insights of the ADAS calibration equipment market for the forecast period of 2019–2028 and works as a complete guide.

Global ADAS Calibration Equipment Market: Growth Dynamics

In recent period, major population from all across the world is inclined toward the use of ADAS in mid-range passenger vehicles. This factor is working as a key driver for the growth of the global ADAS calibration equipment market. This aside, enterprises working in the automotive industry are growing efforts to incorporate advanced technologies in their vehicles. The key motive for this move is to improve the safety of vehicles. Thus, it is safe to say that the automotive industry is growing use of active as well as passive vehicle safety technologies in all vehicle types. This move is stimulating the growth of the global ADAS calibration equipment market.

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The passenger segment in the global ADAS calibration equipment market is projected to show prodigious growth during the forecast period of 2019 to 2028. One of the key reasons for this growth is growing use of ADAS in mid-sized and luxury cars.

Global ADAS Calibration Equipment Market: Competitive Analysis

The global ADAS calibration equipment market is moderately fragmented in nature. Presence of many international and regional players connotes that the competition level of the market for ADAS calibration equipment is highly intense. Enterprises working in this market are investing heavily in research and development activities. This strategy is used by vendors to offer superior quality products.

Several vendors working in the ADAS calibration equipment market are growing efforts for the development of ADAS cameras and automotive sensors. These features are intended to help vehicles in detecting obstacles. Thus, the continuous efforts of vendors to improve the product quality are projected to boost the global ADAS calibration equipment market growth.

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The list of key players in the global ADAS calibration equipment market includes:

• Mahle GmbH
• Robert Bosch GmbH
• KGaA
• HELLA GmbH & Co.
• Autel Intelligent Technology Corp., Ltd.
• TEXA S.p.A
• COJALI S.L.
• LAUNCH TECH CO. LTD
• Hofmann Megaplan GmbH

Global ADAS Calibration Equipment Market: Regional Assessment

The global ADAS calibration equipment market is spread across eight key regions, namely, East Asia, North America, South Asia, Latin America, Europe, the Middle East & Africa (MEA), Oceania, and Emerging Countries. Of them, Europe is one of the leading regions of the market for ADAS calibration equipment. Key enterprises from automotive industry of Western Europe are focused on increasing the manufacturing of SUVs as well as mid-sized vehicles. As a result, they are growing the demand for products from the ADAS calibration equipment market. This factor is pushing market growth in Europe.

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Wall Covering Products Market Demand, Trends, Statistics and Forecast Period 2027

The global wall covering products market is likely to be driven by the augmented disposable income together with accelerated rate of urbanization across the globe. Globalization and urbanization has replaced the rural culture with modern, urban culture. This has ushered in the widespread of wall coverings together with various other modern products.

Wall covering comes with a lot of advantages, such as it protects the wall surface from scratches or scribbles by children or accidental marks. Wall coverings are also able to add grandeur and taste to the uncovered walls. These cost effective coverings also neutralize the interiors of commercial and residential places and customize it with many different patterns and colors, which are estimated to work in favor of the global wall covering products market in the years to come.

With the recent outbreak of COVID 19, the global wall covering products market is expected to witness a decline in demand due to stalled construction activities and fall in advertising across the various part of the world. Moreover, many governments across the globe are enforcing lockdown of towns and cities and towns of countries, which is likely to impact the global wall covering products market. Impact on the market is likely to be shaped by the supply chain disruption and complete shutdown of many distribution channels.

Type, application, distribution channel, and region are the four important parameters based on which the global wall covering products market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global wall covering products market.

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Global Wall Covering Products Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global wall covering products market is mentioned below:

• In May 2017, New Jersey-based paint manufacturer, Benjamin Moore & Co. introduced a brand new paint, Ultra Spec SCUFF-X. It is a first of its kind paint, which comes with one-component interior latex paint that is engineered specifically to put up resistance to scuffmarks in commercial, high traffic environments.

Some of the prominent organizations in the global wall covering products market include the below-mentioned:

• Grandeco Wallfashion Group
• Benjamin Moore & Co.
• Asian Paints Limited (APL)
• Walker Greenbank PLC
• Nippon Paint Holdings Co. Ltd
• Ahlstrom-Munksjö Oyj

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Global Wall Covering Products Market: Key Trends

The global wall covering products market is characterized by the presence of the following restraints, drivers, and opportunities.

Rise in Disposable Income and Inclination to Spend on Premium Products to Drive Demand

Wall covering products come with a wide variety of products, such as unframed mirrors, interior paints, wall panels, wallpapers, and wall tiles. Wall coverings come with a variety of texture, sizes, colors, designs, and materials. These materials comprise ceramic, paper, and metal. It also helps in the protection of walls harsh environmental elements, such as heavy rain, sunlight, and others.

A rise in the construction of residential and commercial buildings across the globe is likely to emerge as growth factors for the global wall covering products market in the years to come. In addition, the global wall covering products market is likely to be driven by the rising disposable income, increased propensity to spend on premium products, and improved standard of living is likely to encourage the expansion of the global wall covering products market in the near future. Rise in demand for accommodation is likely to emerge as another factor driving the demand for wall covering products in the near future.

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Trail Running Shoes Market Opportunities, Industry Trends and Forecast to 2028

The global trail running shoes market is expected to show stupendous growth during the forecast period of 2019 to 2028. This growth is attributed to rising popularity of trail running in the all worldwide locations. There are various types of trail running shoes available in the market. The users can choose from rugged trail running shoes, off trail running shoes, and light trail running shoes as per their requirement.

An upcoming research report from TMR on the trail running shoes market includes comprehensive assessment of vital elements supporting and obstructing market growth. In addition, it provides trustworthy data on volume, shares, revenues, and probable growth avenues in the global trail running shoes market. The report covers valuable insights of the market for trail running shoes during forecast period of 2019 to 2028.

The global trail running shoes market is segmented on the basis of various key factors such as type, distribution channel, and region.

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Global Trail Running Shoes Market: Growth Dynamics

Trail running shoes are gaining traction of a wide range of consumers owing to numerous features they offer. There is increased inclination toward the use of trail running shoes instead of regular running shoes because of comfort they offer and their attractive and trail specific design. At the same time, these footwear can handle the rough and rugged terrain and minimize the possibilities of sprained ankle. Owing to all these features, the global trail running shoes market is witnessing substantial demand avenues from all worldwide locations.

Players working in the global trail running shoes market are expected to witness remarkable growth avenues on the back of various reasons. Growing awareness about health is promoting a major population from all across the world to participate in trail running and other outdoor activities. As a result, there is considerable growth in the number of trail running events. This factor is driving the growth of the global trail running shoes market.

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Global Trail Running Shoes Market: Competitive Analysis

The global trail running shoes market is moderately fragmented in nature. Presence of considerable number of players denotes that the competitive landscape of the market for trail running shoes is highly intense. Vendors working in the global trail running shoes market are focused on improving the quality of the products they offer. For this purpose, they are heavily investing in research and development activities. In addition to this, several players in the trail running shoes market are launching innovative products to attract the new customer base.

Many enterprises in the trail running shoes market are executing strategic partnerships to strengthen their distribution channels. Besides, they are increasing efforts on branding their products and investing heavily in marketing. All these moves connote that the market for trail running shoes will grow at rapid pace in the forthcoming years.

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Hunting Blinds Market Innovative Strategy by 2028

Hunting blinds have been the staple of recreational hunting and enthusiasts. End users in the hunting blinds market benefit from the launch of equipment and materials that help them camouflage, and target their prey more effectively. Most popularly, hunting blinds have been structurally made in the form of curved huts or boxes. Developed regions that are also lucrative markets have witnessed a significant rise in first-time hunters in past few years. A prominent example is North America.

Rise in adoption of new materials in the making of hunting blinds for outdoor hunting has helped shape the contours of the growth of the hunting blinds market. The study provides a detailed assessment of key growth dynamics, high-growth regions, major consumer trends, regulatory hindrances, and the vendor landscape. The market estimations and assessments of key avenues in all key product and regional segments help understand the imminent investment pockets for manufacturers in the hunting blinds market.

Hunting Blinds Market: Competitive Analysis and Key Developments

A partial list of well-entrenched players in the hunting blinds market are Maverick Blinds, The Blynd, Redneck blinds, Hercules outdoor industry, Ghost blind, and Badgerland Hunting blinds. Various stakeholders aspiring promising stakes in the hunting blinds market are leaning on unveiling unique programs such as those with cost-effective license fee options and free seminars. These programs also promote the advantages that new products in the hunting blinds market offer to hunters. Some players are launching exotic hide-sight blinds that offer hunters easy access to their praise.

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A pioneer in offering hunting accessories, Primos Hunting, has recently announced that it has recently shifted its new Smokescreen and Hidesight ground blinds. The retailing of these blinds will help it expand its portfolio of high-quality ground blinds in the hunting blinds market. The company aims to offer users an affordable concealment option, where durable low sheen fabric is used, and each can let three people to take part in the hunting endeavor. More such product launches will help expand the horizon of the hunting blinds market.

Hunting Blinds Market: Key Trends

The hunting blinds market has seen several growth dynamics. For one, the rise in consumption of digital apps on hunting and games, coupled with strides in adventure travel, has boosted the demand. The growing participation of youth, especially in developing economies, has reinforced demand in the hunting blinds market. The incorporation of durable materials and those with attractive performance attributes in the making of new designs has fueled the prospects in the hunting blinds market.

In recent years, women have joined the workforce of hunters in developed region of North America, thereby boosting the prospects in the hunting blinds market. The market has also gained a big fillip in demand for hunting blinds for military training. A key trend in the hunting blinds market is the preference of blinds with new designs and more space. However, a serious constraint is the growing focus on wildlife conservation.

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Hunting Blinds Market: Regional Analysis

The hunting blinds market has gained impetus in developed and developing regions, such as in North America, Europe, and Asia Pacific. North America hunting blinds market has made rapid strides on the back of the growing number of hunting licenses year after years and the rise in youth interested in recreational hunting. The emerging market of Asia Pacific excluding Japan has seen several new avenues, propelled by the application of hunting blinds in hunting. The Middle East is also expected to be a promising region in the hunting blinds market.

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Reusable Wrap Market Business Opportunity and Worldwide Scope by Forecast 2021 to 2028

The reusable wrap market is estimated to record a steady growth rate across the forecast period of 2019-2028 owing to the rising use of reusable wraps. These wraps are also proving to be a viable option for bulky plastic bags. The growing concerns about the environmental harm to the globe are gaining traction. To tackle these problems, the use of organic reusable wrap is bound to increase.

The wide use of reusable wraps in food products such as vegetables, cheese, bread, baked goods, and others is also a significant factor for the growth of the reusable wrap market. Reusable wrap comes in a variety of sizes such as small (7×8 inch), medium (10×11 inch), and large (13×14 inches). These variations enable the consumer to choose reusable wraps according to the requirements.

The ongoing report on the reusable wrap market analyzes and displays a wide range of possibilities that can place the market shareholder on the path of growth even during unprecedented situations like COVID-19 pandemic. The report sheds light on vital components important for boosting the growth of the reusable wrap market such as ongoing trends, competitive assessment, and regional outlook. The report presents an expert microanalysis of every aspect that can influence the growth rate of the reusable wrap market positively.

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Reusable Wrap Market: Competitive Assessment

The reusable wrap market comprises a highly fragmented landscape with the presence of many local and international players vying to be among the top players. Many startups are also joining the fray with products that outsmart the features provided by well-established players and also, the cost-factor plays an important role. Research and development activities are in constant motion for producing eco-friendly reusable wraps that cater to every type of audience with full efficiency.

Consistent rounds of mergers and acquisitions combined with successful partnerships and joint ventures prove to be growth multipliers for the reusable wrap market. Key players in the reusable wrap market are The Cary Company, Abeego Wrap, U-Konserve, Wrag Wrap Co., Pearlice Group, Glory Bee, and Liliwrap Inc.

Reusable Wrap Market: Key Trends

The dark clouds of single-use plastic loom largely on the world and cause various environmental hazards. To overcome the obstacle of single-use plastics, many governments and organizations of various countries are coming up with novel initiatives and legislation for reducing the use of single-use plastic. For instance, the European Union (EU) has approved a ban on single-use plastics with effect from the year 2021. Such developments help in accelerating the growth rate of the reusable wrap market.

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The constant pursuit of the consumers for plastic-free food storage alternatives is also proving to be a boon for the reusable wrap market. The use of green wraps made from durable cotton with organic mixtures such as tree resin, jojoba oil, etc. is proving to be a growth generator for the reusable wrap market. Innovations in the reusable wrap market such as use of elasticated food covers and silicone stretch lids to replace cling films, due to its effect on food products, are also gaining considerable momentum.

Reusable Wrap Market: Regional Outlook

The reusable wrap market is spread across North America, Europe, the Middle East and Africa, East Asia, South Asia, Oceania, and South Asia. North America may establish itself as a key growth contributor due to the rise in the food and beverage industry in the region. The rising awareness among the consumers for non-toxic and biodegradable materials may also bring exceptional growth for the reusable wrap market in the region. The rising threat of COVID-19 has raised hygiene concerns to the highest levels. Hence, this aspect can also prove to be a turning point for the reusable wrap market across untapped regions.

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Pet Water Fountain Market Status, Growth Factors, Regional Demand and Growth Forecast

Pet water fountain has emerged as a popular pet product and gained traction among pet lovers of all regions. The main impetus for the popularity is perhaps the strides e-commerce sales have made around the world. Manufacturers usually use plastics and steel. However, recently the demand for ceramics has gathered heat in emerging and established pet markets.

Consumer cohorts have appreciated the affordability and accessibility of pet water fountain market products in well-known global e-commerce channels. Pet sentiment marketing strategies have also helped fueled the evolution of the per water fountain market.

The market intelligence study on the pet water fountain market offers a scrutiny of the current opportunities in various product segments in developing and developed economies, and takes a closer look at the changing consumer preferences. Furthermore, it offers insights into the attractiveness of the overall market by providing a detailed investment matrix in recent years.

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Pet Water Fountain Market: Competitive Analysis and Key Developments

Numerous players in the pet water fountain market are exhibiting their strengths in massive annual trade shows such as the Global Pet Expo. A case in point is Pioneer Pet which specializes in cat food and accessories.

Some innovative pet product solution providers are keen on broadening their product portfolio, by offering pet owners more options in ensuring pet hydration. An example of such a product is by PetSafe. Top players are focusing on unveiling pet parents easy-to-use and easy-to-clean products to attract consumers in the pet water fountain market. More such players will hit the pet water fountain market to offer innovative hydration equipment and accessories to pet owners, thereby, expanding the scope for competition. Top industry players are also focusing on consolidating their footprints in lifestyle solutions for pets. They are also expected to adopt a differentiating pricing strategy, and will be focusing to expand their foothold in developing economies by partnering with indigenous distributors. A case in point is strategies adopted by Doskocil Manufacturing and Dogness.

Pet Water Fountain Market: Key Trends

The increasingly hectic lifestyle of pet owners has created a significant pressure to take out time for their pets. Ensuring adequate availability of pure drinking water is key to the hydration of pets. This has fueled the market proposition for pet water fountains. The pet water fountain market has witnessed a robust growth momentum on the back of the rising penetration of e-commerce channels in pet products.

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A number of pet water fountain products have thronged e-commerce channel such as Amazon. The market has also seen a rapid rise in demand for pet water fountains that are high on aesthetics and combine better functionality. In emerging markets, the growth impetus has come from the demand for low-cost products gathering steam. An uptick in household spending of pets has fueled demand in the pet water fountain market. Intensifying pet sentiment marketing has also boosted the revenue potential in the market. Growing attraction of millennial toward pet has also helped reinforce growth.

Pet Water Fountain Market: Regional Analysis

Among the various key regions in the pet water fountain market, the demand has thrived considerably in Europe and North America. In recent years, ASEAN countries have been attracting pet owners toward products that offer convenience to them in pet care. Asia Pacific is a region with vast latent opportunities for players in the global pet water fountain market. China has been contributing large share in the production of pet water fountains. East Asia is expected to rise at rapid pace during the assessment period.

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Smart Remote Control Market Analysis, Product Types, Regional Demand and Future Growth Forecast

The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control market can be segmented into Wi-Fi smart remote control, Infrared smart remote control, Radio smart remote control, and Bluetooth smart remote control.

This report offers headways influencing the growth of the smart remote control market positively. It emphasizes on various parameters such as key trends, competitive structure, regional assessment, etc. The segmental study enables an individual to thoroughly understand the different growth aspects of the smart remote control market diligently.

Smart Remote Control Market: Competitive Outlook

The smart remote control market is consolidated with a handful of companies holding a prominent share. These key players are involved in developing innovative products that gain considerable attention from the consumers. Mergers, acquisitions, joint ventures, and collaborations are in a constant flow to strengthen the position of the key players in the smart remote control market. Some well-known players in the smart remote control market are Universal Electronics, Logitech International S.A., and Koninklijke Philips.

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Smart Remote Control Market: COVID-19 Impact

The novel coronavirus pandemic has led to tremendous losses across the world with high transmission rates. It has brought the world to a standstill and has disrupted various businesses around the globe. The overall effect of the COVID-19 outbreak has not spared the smart remote control market. Manufacturing facilities were shut down due to lockdown implementations across the globe.

The lockdown restrictions, however, are being relaxed to a certain extent for reviving the economy. Numerous manufacturing units and production facilities are being allowed to operate at limited strength. This aspect offers a glimmer of hope for the growth of the smart remote control market.

Smart Remote Control Market: Key Trends

The inculcation of technologies like the Internet of Things (IoT) may benefit the smart remote control market greatly. The improved usage of sensors is also likely to enhance the demand for smart remote controls among the global populace. The WiFi-based smart remote control technology may gather substantial attention across a large consumer base due to the ease of use and convenience. Furthermore, radio frequency remote controls may also hold a large market share. The main factors impacting the growth are that they do not need the internet for operation and have the ability to transmit signals across impassable obstructions.

Features like a worldwide library code database, macro-programming support, and cloud code library may bring great growth opportunities for the smart remote control market. The complicated functionality of the smart remote controls may serve as a hindrance to the growth of the smart remote control market. This concern is being addressed by the manufacturers with several easy-to-use features being introduced lately.

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Smart Remote Control Market: Geographical Landscape

The smart remote control market can be geographically segmented into the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. North America may serve as the leading region of growth for the smart remote control market. The large presence of smart remote control manufacturers may prove as a prominent growth generator for North America. Europe is the fastest-growing region due to the increasing usage of smart remote controls among the global populace. Asia Pacific may also record moderate growth due to the rising awareness of smart remote controls.

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Maritime Security Market Types and Application by regions from 2020 to 2028

The global maritime security market is projected to demonstrate ascending demand graph during the forecast period of 2019 to 2028. Key reason attributed to this growth is increased need for maintaining the marine security. The maritime security system is gaining popularity in various countries owing to its ability to offer advanced technology to spot threats and communicate with officials. Through this system, ports, vessels, and other infrastructure concerned with the shipping business are offered protection from intended damage through sabotage, terrorism, or subversion.

An upcoming research report from TMR on the maritime security market provides in-depth study of key elements supporting or obstructing the market growth. Apart from this, the report aims to covers dependable data on shares, volume, and various business strategies used by vendors working in this market. Thus, the report is a valuable guide of the maritime security market for the forecast period of 2019–2028.

The global maritime security market is segmented on the basis of various key factors such as type, threat and vulnerabilities, end-user, and region.

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Global Maritime Security Market: Growth Dynamics

The global maritime security market is growing on the back of plethora of reasons. A report from the Allianz Global Corporate & Specialty states that around 90% of worldwide trade is carried by international shipping. This factor highlights significance of the international maritime security, thereby fuels the growth of the global maritime security market.

In recent years, there is considerable growth in the marine terrorism-related incidents across the globe. This situation has pushed the military forces to take initiatives and avoid such incidents in future. Deployment of maritime security solutions is one of such initiatives.

Vendors working in the global maritime security market are pouring efforts to advance maritime safety solutions and services. These efforts are helping companies engaged in the shipping and transport business to protect themselves from unethical and illegal acts and threats. As a result, the market for maritime security is witnessing stupendous expansion opportunities.

However, some factors are restraining the growth of the global maritime security market. Ungoverned marine regions and need of uniform standards for maritime safety technologies and solutions are some of the key factors obstructing the market growth.

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Global Maritime Security Market: Notable Development and Competitive Analysis

The global maritime security market is moderately fragmented in nature. Presence of considerable number of well-established players shows that the competitive landscape of the market for maritime security is highly intense. Vendors in the market for maritime security are executing numerous tactics to maintain their prominent market position.

Several players are focused on research and development activities to advance their products. A case in point here is recent successful test performed by SAAB Group. The firm stated that it has successfully completed tests on Saab Lightweight Torpedo, which is the firm’s anti-submarine warfare solution. In this work, the firm collaborated with Swedish Armed Forces and Swedish Defence Materiel Administration (FMV). This move indicates that the global maritime security market is expanding at rapid pace.

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System on Chip (SoC) Market – Porter’s Five Forces Strategy Analysis and Forecast 2025

The vendor landscape of the global System on Chip (SoC) market is largely consolidated, with the leading three players collectively accounting for a massive 68% of the global market in 2016, with Qualcomm Inc. alone accounting for a huge 38.6% in the same year, observes Transparency Market Research in a recent report. The highly competitive market, with established companies having a stronghold on most key regional markets, is witnessing attempts by large companies to further consolidate the marketplace by acquiring relatively smaller companies in high-potential regional markets; Qualcomm’s acquisition of Design Art Networks is a recent instance.

Companies are also increasingly focusing on the introduction of innovative products to meet the variable and complex demands from key end-use industries such as consumer electronics and telecommunications. Companies are also focusing on bringing changes in the lithographic and multiple patterning processes, to help end-users bring the factor of differentiation in their products to undermine competition and boost brand value.

Transparency Market Research estimates that the global SoC market, which was pegged at US$45.89 bn in 2016, is expected to expand at a promising 8.4% CAGR from 2017 to 2025 and rise to a valuation of US$89.03 bn by 2025.

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APAC to Help Global Market Gain Massive Chunk in Revenue

Based on type, the segment of mixed-signal SoCs is presently the leading contributor of revenue to the global market, accounting for nearly 44% of the market in 2016. The segment is also expected to remain the leading segment throughout the forecast period, exhibiting a promising 9.0% CAGR from 2017 to 2025. Geographically, the APAC market for SoCs accounted for more than 45% of the global market in 2016. Factors such as the increased demand for smart electronic devices and the increasing adoption of IoT-based technologies across a number of industry verticals have been some of the key growth factors for the growth of the APAC SoC market in the past years.

Rising Global Demand for Advanced Consumer Electronics to Remain Key Driver

The mounting use of smart devices such as laptops and smartphones across the globe in the past few years has provided a huge thrust to the global SoC market. Moreover, the development of technologically advanced SoCs that house more features within a specified area, leading to better resistivity of wires and higher interconnectivity, is further driving the global SoC market. Application of these functions has resulted in the declining cost per function of integrated circuits (ICs).

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The lowering of costs per function of ICs has been another major driver of the global SoC market, further enhancing the applications of SoCs across different industry verticals. The vast developments in the field of ICs in recent years, allowing significant design changes in microcontrollers and microprocessors and making it possible to embed different patterns within a single chip, have also been key to the development of the global SoC market in the past few years. All these factors are likely to boost the market growth for SoC market during the forecast period from 2017 to 2025.

High Cost of Manufacturing to Deter Companies from Entering into SoC Market

Owing to the complex design of advanced SOCs, their manufacturing incurs huge expenses. Moreover, with growing advancement in the fabrication and lithography process along with design changes in nodes due to multiple patterning result in high software development costs as well. This factor has posed vast limitations and challenges for players in the market, acting as a key restraint for the growth of the market. Also, the overlapping of functionalities resulting from changes in consumer demands could also have a negative effect on the overall growth prospects of the global SoC market in the next few years.

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