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Fishing Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis
According to the insight partners the fishing equipment market size was valued at US$ 23,799.79 million in 2021 and is projected to reach US$ 31,835.53 million by 2028; it is expected to register a CAGR of 4.2% from 2021 to 2028.
Recreational fishing, often known as sport fishing, is fishing for fun or competition performed using a rod, reel, line, hooks, and various baits. They provide opportunities for socialization with others while improving physical as well as mental health. There is an increasing demand for recreational fishing across the globe, which is boosting the fishing equipment market growth.
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Fishing equipment market growth is majorly driven by the increasing number of participants in the developing economies as well as the developed economies across the globe. For instance, according to the Outdoor Industry Association's 2019 Special Report on Fishing, around 49.4 million individuals went fishing in the US in 2018. The Covid-19 pandemic also led to an increased demand for fishing equipment, with major supermarkets and department stores in the country witnessing a shortage of equipment. The travel restrictions and logistical constraints had led to limited supply during the pandemic.
Moreover, there is growing participation in various fishing activities in several countries. Countries in the Asia Pacific have been witnessing a surge in demand for fishing equipment over the last decade. Increased awareness and growing popularity of fishing as a recreational sport have contributed to the fishing equipment market growth in Asia Pacific Thus, increased spending on fishing equipment and accessories due to the rise in participants is increasing the sales of such products. Thus, the increasing participation in recreational fishing is a major factor driving market growth.
Impact of COVID-19 Pandemic on Fishing Equipment Market 
Due to the COVID-19 pandemic, many industries, such as the consumer goods industry, faced unprecedented challenges. However, a few countries allowed recreational fishing during the lockdown, positively impacting the demand for fishing equipment. Countries such as Denmark, the US, and Canada had no restrictions on recreational fishing activities during the lockdown. In Denmark, the sales of mandatory licenses for recreational fishing increased by 24% compared to previous years. Limited trade activities prevented the supply of equipment to the countries with high demand for fishing equipment from the major manufacturing hubs such as China. However, with the ease of restrictions and successful rollout of vaccines, the global fishing equipment market growth is expected to return to the pre-pandemic levels within the forecast period.
Eagle Claw Fishing Tackle Co.; Okuma Fishing Tackle Co. Ltd.; SHIMANO INC.; TICA FISHING TACKLE; AFTCO; RAPALA VMC CORPORATION; Weihai Guangwei Group Co., Ltd.; Decathlon SA; Daiwa; and Pure Fishing Inc are among the well-established players in the fishing equipment market. The market players are adopting strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and meet the growing demand from end-users. For instance, in January 2021, Shimano Inc. launched five new fishing reels—Ultegra, TwinPower SW, TwinPower XD, Exsence, and Calcutta Conquest. These five new reels have improved strength, durability, and efficiency.
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as healthcare, media, and telecommunication.
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isucheta · 2 years
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UPSURGE IN COSMETIC INDUSTRY TO INFLUENCE MARKET GROWTH
The scope of our recent study on the “False Eyelashes Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Strip Lashes, Individual Lashes); Material (Human Hair, Synthetic, Animal Hair & Fur); and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others),” includes the analysis of factors driving the market growth, estimation and forecast of revenues, market share analysis, and identification of significant market players and their key developments.
The false eyelashes market was valued at US$ 1,377.28 million in 2021 and is projected to reach US$ 2,046.61 million by 2028; it is expected to grow at a CAGR of 5.8% from 2021 to 2028. False eyelashes are used to add volume, increase length, or enhance the visual appearance of natural hair. Rising disposable income and increasing need to enhance physical appearance among consumers propel the demand for self-grooming products such as false eyelashes. With the increase in per capita disposable income among the middle-class population, their shopping behavior and living standards are changing rapidly. The fashion and entertainment industry has become vital for hair extension products both in terms of revenue and adoption.
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Fashion has always been perceived as pushing the envelope. With new trends and ideas, fashion has an eye toward the future. The fashion industry is expected to witness numerous innovations in the coming years as new technology and changing customer trends and demands will transform the industry. There has been rising acceptance of eye-based beauty and personal care products among consumers of varying ages for permanent, occasional, temporary, or regular use. False eyelashes add volume to one’s natural eyelashes and can have a transformational impact on one’s appearance. Willingness to spend significant amount of money on cosmetics has increased the growth of the cosmetic industry. The global middle-class population, which is the next potential consumer segment for the cosmetic industry, has grown significantly. With the increase in per capita disposable income among the middle-class population, their shopping behaviour and living standards are changing rapidly. Hence, such changing lifestyles, have led to growth of the cosmetics industry.
Europe and North America are the significant markets for the styling industry, accounting for more than 60% of the false eyelashes market, combined. Rapid urbanization and growing consumer demand for self- and professional- grooming products is expected to boost the market growth of false eyelashes.
Market players are highly focused towards launching innovative and natural looking false eyelashes serving different purpose such as providing instant volume, lengthening, etc. which help them in catering to different requirements of their customers. The companies have realized the developing potential pertaining to false eyelashes market and are highly involved in collaborating with various celebrities, social media influencers, and makeup artists to enhance brand awareness and brand image.
Some of the major key players operating in the global hair extension industry includes American International Industries; Kiss Products, Inc.; Esqido; PDC Brands; MAC Cosmetics.
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of type, end user, etc. This helps our clients gain a deeper analytical understanding of various research topics.
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isucheta · 2 years
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Portable Nature and Recyclability of Metal Cans Fueling the Beverage Metal Cans Market Growth
The beverage metal cans market is projected to reach US$ 47,852.42 million by 2028 from US$ 34,363.14 million in 2022; it is expected to grow at a CAGR of 5.7% during 2022–2028. Metal cans' recyclable features are boosting the industry since manufacturing items from recycled metals requires less energy, decreases carbon emissions, and uses less water than raw materials.
The demand for portable and efficient packaging solutions for beverages drives market expansion. The increased use of non-alcoholic beverages among health-conscious customers is predicted to stimulate demand for beverage cans. The introduction of sports drinks and fruit juices, as well as the rising consumption of Ready-to-Drink (RTD) products in can packaging, are likely to boost the market growth. With rising health consciousness among customers worldwide, beverage makers are upgrading and launching products with an emphasis on natural, low-calorie, and low-sugar ingredients like stevia. This is expected to increase the number of health-conscious customers.
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Metal beverage cans are used to protect beverages from the outside environment, tampering, and support the product during transit or handling. Metal beverage cans aid in the constant distribution of beverages across the value chain, reducing manufacturing or transition losses. Metal packaging materials are used in the beverage sector for soft drinks, water, beer, dairy products, sports and energy drinks, ready-to-drink tea & coffee, alcoholic drinks, and other products.
The leading global beverage metal cans market players include Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., Canpack, Orora Packaging Australia Pty Ltd., Amcor plc., Silgan Containers LLC, GZI Industries Limited, Showa Denko K.K., and Envases Group. These players are focused on strategies such as research and development and new product development to increase the geographical presence and consumer base globally.
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of type, end user, etc. This helps our clients gain a deeper analytical understanding of various research topics.
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isucheta · 2 years
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Online Pharmacies Segment to witness the highest growth in Asthma Drugs Market During 2021–2028
According to our latest study, "Asthma Drugs Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Medications, Route of Administration, and Distribution Channels," the asthma drugs market size is projected to grow from US$ 24,239.17 million in 2021 to US$ 34,136.10 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments.
Asthma is a chronic respiratory disease blocking the lungs' airways because of inflammation, mucus production, and tightening of muscles. Asthma can usually be managed with rescue inhalers to treat symptoms (salbutamol) and controller inhalers that prevent symptoms (steroids). Severe cases may require longer-acting inhalers that keep the airways open (formoterol, salmeterol, tiotropium) and inhalant steroids.  The growing incidence of asthma and other breathing syndromes is one of the significant elements increasing the market's progress. The growth of the asthma drugs market is primarily attributed to the growing environmental implications & genetic implications of air pollution and more vulnerability in specific ethnic groups. On the other hand, unmet medical needs and lack of treatment adherence are hindering the market's growth
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Exposure to an allergy or irritant, infections, exercise, emotional stress, and other conditions are all potential triggers. When the symptoms of asthma become unbearable, an asthma attack ensues. Attacks can happen out of nowhere and range in severity from mild to life-threatening. Asthma is managed with rescue inhalers to treat symptoms and controller inhalers that prevent symptoms. Severe cases may require longer-acting inhalers that keep the airways open (formoterol, salmeterol, tiotropium), as well as inhalant steroids. Asthma medication comes in several forms, including tablets, injections, liquids, and inhalers; and it falls into two groups: bronchodilators and anti-inflammatories.
A few of the most notable companies occupying a considerable share of the market are AstraZeneca, TEVA PHARMACEUTICAL INDUSTRIES LTD, GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Merck & Co., Inc, Koninklijke Philips N.V., Sanofi, Pfizer Inc., Novartis AG, and Abbott.
Market leaders are involved in partnerships, product launches, acquisitions, and other strategies to improve their performance and consolidate the market position. The companies are focusing on organic strategies such as product launches, and product approvals. Inorganic growth strategies witnessed in the market were acquisitions, collaboration, and partnerships. These growth strategies have aided the market players in the expansion of their business enhanced their geographic presence. Additionally, growth strategies such as acquisitions and partnerships helped in strengthening their customer base and increase the product portfolio.
A few of the vital developments in the asthma drugs market are mentioned below:
Year
News
Jan-2022
GlaxoSmithKline plc got product approval from the US Food and Drug Administration (FDA) for a 40 mg prefilled syringe of Nucala (mepolizumab) for appropriate children aged 6 to 11 years old who have severe eosinophilic asthma (SEA). Nucala can now be given by a child’s health care provider or administered at home by a caregiver once trained by a health care professional. Nucala is an add-on, prescription maintenance treatment for patients 6 years and older with severe eosinophilic asthma.
Dec-2021
AstraZeneca and Amgen’s Tezspire (tezepelumab-ekko) has got approval in the US for the add-on maintenance treatment of adult and pediatric patients aged 12 years and older with severe asthma. Tezspire is a first-in-class biologic for severe asthma that acts at the top of the inflammatory cascade by targeting thymic stromal lymphopoietin (TSLP), an epithelial cytokine.2-5 It is the first and only biologic to consistently and significantly reduce asthma exacerbations across Phase II and III clinical trials which included a broad population of severe asthma patients irrespective of key biomarkers, including blood eosinophil counts, allergic status, and fractional exhaled nitric oxide (FeNO).
Nov-2021
AstraZeneca agreed to transfer its global rights to Eklira (aclidinium bromide), known as Tudorza in the US, and Duaklir (aclidinium bromide/formoterol) to Covis Pharma Group (Covis Pharma). The agreement ensured continued patient access to these established medicines. Covis Pharma previously acquired the rights to the respiratory medicines Alvesco, Omnaris, and Zetonna from AstraZeneca in 2018.
Jun-2021
Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd., announced its U.S. launch of the first generic version of twice-daily PERFOROMIST, formoterol fumarate inhalation solution, 20 mcg/2 ML, indicated to treat bronchoconstriction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and emphysema.
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of type, end user, etc. This helps our clients gain a deeper analytical understanding of various research topics.
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isucheta · 2 years
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Weather Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis
According to the latest research report titled "Weather Monitoring System Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to grow from US$ 1,746.47 million in 2021 to reach US$ 2,932.92 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2021 to 2028.
A weather monitoring system is a small meteorological device used to measure and display atmospheric conditions through several weather sensors. Weather monitoring systems gather information about temperature, humidity, wind speed and direction, rainfall, UV index, and solar radiation from different locations for weather forecasting purposes. A weather station is associated with several benefits, such as providing real-time weather data and offering real-time alerts on weather forecast conditions.
Moreover, the increasing deployment of solar and wind plants globally due to the wide adoption of renewable energy is further driving the market growth. The energy & power sector significantly depends on weather and climate variability. The energy & power sector has diverse requirements for meteorological services to support decision-making for both day-to-day operations and longer-term strategic planning. The weather monitoring system measures real-time data such as air pressure, humidity, and temperature, wind speed in the energy & power sector. The weather monitoring system is one of the most crucial instruments installed in energy plants and solar PV power plants.
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Climatic change and environmental monitoring have received a lot of attention recently. The weather monitoring system is used to monitor the continuously changing climatic conditions. Data collected by such devices are used to forecast weather and maintain a log of the environmental changes at a place. Such data is instrumental in studying the earth and analyzing a place's changing climatic and environmental conditions. Extreme weather events and geophysical phenomena, such as damaging earthquakes and tsunamis, are significant risks worldwide. The rising demand for continuous monitoring of hazardous parameters to avoid the losses occurred by weather is driving the weather monitoring system market.
National Meteorological and Hydrological Services play an essential role in disaster reduction worldwide by delivering public weather services, such as weather forecasts, early warnings about hazardous weather, and collaboration with disaster relief organizations for minimizing the loss of life and property. Many governments partner with market players and invest in weather monitoring systems by starting programs related to the weather forecast to reduce the loss of weather hazards. These factors are driving the weather monitoring system market.
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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isucheta · 2 years
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Disposable Paper Cups Market Forecast to 2028 - COVID-19 Impact and Global Analysis
The scope of our recent study on the “Disposable Paper Cups Market to 2028 – COVID-19 Impact and Global Analysis – by Material (Air Pocket Insulated, Poly-Coated Paper, Wax-Coated Paper, and Others) and End-User (Food Service, Retail, and Institutional & Industrial)” consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also includes the identification of significant market players along with their key developments.
Disposable paper cups are tableware or disposable food packaging products used to package beverages like coffee, tea, fruit juices, and milkshakes, among others. These cups are coated with polyethylene or wax to prevent leakage of beverages. Rising on-the-go coffee consumption is one of the key factors driving the growth of disposable paper cups market. Moreover, restrictions on the usage of single-use plastic products like straws, containers, and cups, among others is also driving the growth of disposable paper cups market. Furthermore, the rapidly expanding food service sector coupled with rising hygiene concerns are also propelling the market growth. Based on material, the disposable paper cups market is segmented into air pocket insulated, poly-coated paper, wax-coated paper, and others. Moreover, on the basis of end-user, the market is segmented into food service, retail, and institutional & industrial.
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Some of the players operating in the market are Huhtamaki; Dart Container Corporation; Duni Group; Graphic Packaging International, LLC; F Bender Limited; Seda International Packaging Group; CEE Schisler Packaging Solutions; Grupo Phoenix; SCG PACKAGING; and Reynolds Group Ltd. These players are increasingly focusing on product innovation and new product development strategies to expand their reach. Moreover, these players are launching plastic-free and recyclable paper cups to minimize the environmental impact and attract potential consumer groups.
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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isucheta · 2 years
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Increase in Prevalence of Benign Prostatic Hyperplasia along with Growing Risk Factors to Drive Global Benign Prostatic Hyperplasic Devices Market
According to our new research study on "Benign Prostatic Hyperplasic Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Procedure Type, End User, and Geography" the market is expected to grow from US$ 2,078.78 million in 2021 to US$ 3,467.31 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
The report highlights the key factors driving the market and prominent players with their developments. The growth of the benign prostatic hyperplasic devices market is primarily attributed to the rise in the prevalence of benign prostatic hyperplasia among men, increasing risk factors, and a rise in investments, funds, and grants for research in BPH treatment. However, less awareness about prostate health among men is hampering the market's growth to a certain extent.
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Benign prostatic hyperplasia (BPH) is a prostate enlargement caused by excessive cell growth in the prostate. BPH is a non-cancerous prostate condition that is not usually fatal. As it is  benign, the condition does not involve metastasis to other body parts. BPH is not associated with the risk of prostate cancer; moreover, unless it manifests symptoms, BPH is not considered a health issue. Almost all men are likely to have some prostate growth by age 70. Aging, abdominal obesity, and lack of physical exercise raise the risk of developing BPH.
The companies engaging in the benign prostatic hyperplasic devices market witnessed a negative impact on their services in early 2020 due to the temporary shutdown of their manufacturing sites caused by the COVID-19 pandemic. Most service providers prioritized actions to help the critical work of consumers included in COVID-19, such as giving a range of high-quality COVID-19-related research tools, reassigning R&D resources for producing essential products for COVID-19, expanding the supply chain, providing flexibility to support expanded demand for enduring products applied for COVID-19 research, and entering into discussions and collaborations across the UK, the US, and China concentrated on SARS-CoV-2 diagnostics, drugs, and vaccines development. Surgical procedures such as TURP, HoLEP, ThuLEP, and PVP were postponed because of COVID-19. According to a recent study, nearly 2.5 million urological benign surgeries were estimated to be canceled during the peak of disruption by COVID-19. However, the number of alternative surgical procedures increased. For instance, laser treatment can be adopted by additional surgery centers and other outpatient facilities not focused on COVID-19 patients.
The report segments the benign prostatic hyperplasic devices market as follows:
Based on product, the benign prostatic hyperplasic devices market is segmented into resectoscopes, urology laser, radiofrequency ablation devices, prostatic stents, and implants. Based on procedure type, the market is segmented into transurethral microwave therapy, transurethral resection of the prostate, transurethral needle ablation of the prostate, laser surgery, urolift surgery, and others. Based on end user, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others. By geography, the benign prostatic hyperplasic devices market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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Automatic Tire Inflation System Market 2025 – Global Analysis
The automatic tire inflation system market was valued at US$ 988.6 million in the year 2017 and is anticipated to grow at a steady pace. There are a numerous factors that are driving the adoptions of automatic tire inflation systems and especially in the heavy commercial vehicle segment.  As a result, the market is forecasted to grow at a CAGR of 9.7% during the period 2018-2025 and amount to US$ 2,029.9 million by the year 2025. The global commercial vehicle industry is experiencing a significant demand, this is pressurizing the manufacturers to deliver the required amount of vehicles. The commercial vehicle production rose by 4.26% from 2016 to 2017 and touched 23.85 billion in 2017. The production statistics of commercial vehicles in 2016 recorded a total production of 22.87 billion in 2016, which showed a year on year growth of 2.83% from 2015. The demand for robust automotive volume is also increasing CO2 and other greenhouse gas emissions.
Apart from commercial logistics and transportation sectors, military forces in the region are also fueling the demand for automatic tire inflation system market. This is due to the fact that, military forces in the Asia Pacific region are procuring large numbers of heavy-duty vehicles and utility vehicles in order to transport goods to remotely located outposts and other military establishments. The military vehicles traverse through rough terrain, which results in loss of tire pressure frequently, and this can be overcome by the automatic tire inflation system. Owing to these two facts, the demand for automatic tire inflation system among Asia Pacific military forces is gaining prominence in the current scenario. This trend is anticipated to bolster the growth of automatic tire inflation system market in the coming years.
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Owing to the implementation of these laws and regulations, and the awareness of clean environment among the mass, the end users are anticipated to procure commercial vehicles line fitted with the advanced technologies. Thus, increasing vehicle production across the globe and strict governmental rules are directly impacting on the growth of automatic tire inflation system market in the current scenario, and the trend is also foreseen to drive the market in the coming year.
About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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isucheta · 2 years
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The Increasing Demand for Fuel–Efficient Aircraft to Drive the Market Growth
According to the latest research report titled "Aircraft Engine MRO Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to grow from US$ 22.15 billion in 2021 to reach US$ 32.04 billion by 2028; it is estimated to grow at a CAGR of 5.7% from 2022 to 2028.
Fuel-efficient aircraft is important due to the increasing price of oil, and airline manufacturers can save a significant amount of money by utilizing less fuel through better fuel–efficiency. If an aircraft uses less fuel, it will produce less CO2 emissions. Aircraft manufacturers are focusing on delivering more fuel-efficient aircraft in upcoming years. Aircraft manufacturers, such as Boeing and Airbus, are taking several initiatives to replace old aircraft with new fuel-efficient aircraft and improve flight operations. Thus, the factors mentioned above are further driving the growth of the aircraft engine MRO market. Airbus forecasted that air transport demand would dynamically move from fleet development to the speed up retirement of older, less fuel-efficient aircraft. This shift is anticipated to result in a requirement for more than 39,000 new commercial and freighter aircraft over the next few years. As a result, the majority of the passenger aircraft operating will be technologically advanced, with considerably better CO2 efficiency in passenger aircraft fleets. The United Nation's Intergovernmental Panel on Climate Change estimated that carbon emissions will increase by 3% by 2050. International Air Transport Association (IATA) takes several initiatives to reduce carbon emissions, such as shortening flight routes. Fuel-efficient aircraft is expected to increase the demand for aircraft engine MRO services, supporting the aircraft engine MRO market share in the years to come.
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The North American aircraft engine MRO market, based on country, is segmented into the US, Canada, and Mexico. North America is the largest aerospace market globally due to the presence of various military and commercial aircraft manufacturers and MRO service providers. Positive outlook towards adopting new technologies, skilled workforce presence, favorable economic policies, and high GDP per capita drive in the North American aerospace industry. Thus, the growing aerospace industry would increase the engine demand, which would bolster the aerospace engine MRO market in the coming years.
Northrop Grumman, Gulfstream Aerospace, Boeing, Textron, Bombardier, and Lockheed Martin are among the major aircraft manufacturers in North America. The aircraft OEMs have various manufacturing facilities in the region. Each manufacturing facility produces significant volumes of aircraft models, which need maintenance and repair. Thus, all these factors drive the growth of the aircraft engine MRO market and are projected to offer growth opportunities for the market players during the forecast period. In addition, the presence of the significant aircraft engine MRO market players in North America, such as Delta Air Lines, Inc.; Raytheon Technologies Corporation; and General Electric, is propelling the market growth.
According to the General Aviation Manufacturers Association (GAMA), the general aviation industry contributes more than US$ 247 billion in the US economy annually and employed more than 1.2 million people in 2018. In the US, every year, general aviation aircraft log 25.5 million flight hours of which two-thirds of this traffic is for business purposes. Moreover, in 2020, there were more than 440,000 general aviation aircraft in the worldwide fleet, ranging from small training aircraft and helicopters to intercontinental business jets, which are propelling the demand for aircraft engines MRO services. Canadian and the US-based airlines, such as Delta Air Lines, American Airlines, Air Canada, United Airlines, and Southwest Airlines, have placed numerous orders for commercial aircraft scheduled to be delivered between 2021 and 2025. For instance, Delta Airlines placed an order of 95 A220 aircraft, out of which 12 A220 aircraft were supplied by May 2020, and the rest are scheduled to be delivered by the end of 2023. United Airlines focuses on replacing some of its aging Boeing 767s and 757s with new aircraft, such as the Boeing 787 or long-range A321LR, which increases the repair and maintenance of an aircraft. Thus, the increasing number of aircraft orders and rising production of aircraft for commercial and military applications would drive the growth of the aerospace engine MRO market in the region in the coming years. Further, with the rising aircraft fleet, the MRO service providers are also expanding their presence across North America to cater to the growing demand for commercial aircraft engine MRO services.
The top five companies in the market are Delta Airlines, Inc.; GE Aviation; CFM International; Lufthansa Technik; MTU Aero Engines AG; SIA Engineering Company; Sigma Aerospace; Safran S.A.; Raytheon Technologies Corporation and Rolls–Royce PLC. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current general aviation portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:  
Year
News
Country
2021
MTU Maintenance and the Nayak Group has entered into the collaborative agreement to provide a larger range of services to each of their distinct target groups.
APAC
2022
SIA Engineering (SIAEC) has opened its new aircraft engine services facility in Singapore, to provide maintenance to French aerospace engine manufacturer Safran Aircraft Engines (SAE).
APAC
2021
Standard Aero and Mint Turbines have been chosen by GE Aviation as its recommended MRO and limited scope service providers for restricted category and public use T700 engine operators in the United States, respectively.
North America
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Significant Growth in Telecommunication and Healthcare Industry to Boost the Global Smart Card Materials Market
The scope of our recent study on the “Smart Card Material Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Material [Polyvinyl Chloride (PVC), Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polyethylene Terephthalate-Glycol (PETG), and Others]; Type (Contact Cards, Contactless Cards, and Multi-Component Cards); and Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality, and Others)” includes factors governing the market growth, revenue estimation and forecast, and market share analysis. It also includes the determination of significant market players and their key developments.
A smart card, a type of chip card, is a plastic card that contains an embedded computer chip–either a memory or microprocessor type–that stores and transacts data. This data is usually associated with either value, information, or both and is stored and processed within the card's chip. The card data is transacted via a reader that is part of a computing system. Systems that are enhanced with smart cards are in use today throughout several key applications, including telecommunication, healthcare, banking, entertainment, and transportation. Further, smart card materials refer to chemical materials that are utilized in the manufacturing of smart cards. These chemicals enable the producers to embed and print information over it. These chemicals enable the manufacturers to play with the strong quality of the card as well.
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The smart card material market is projected to reach US$ 1,837.78 million by 2028 from US$ 1324.57 million in 2021; it is expected to grow at a CAGR of 4.8% from 2021 to 2028. The advantages of a smart card such as secured and faster exchange of information, easy interface for transactions, protection of personal information of users are propelling the growth of the smart card material market.
Smart cards are extensively used in the telecommunication industry. The majorly used smart card in telecommunication industry is subscriber identity module (SIM) or universal integrated circuit card (UICC). These smart cards are manufactured mostly from polyvinyl chloride (PVC) and acrylonitrile butadiene styrene (ABS) materials. The Universal Integrated Circuit Card (UICC) is a new generation of SIM technology used for new wireless network standards. The advancement in the smart card technology for usage in telecommunication has surged form past few years which has resulted in consumption of smart cards in telecommunication industry. As per the information provided by ‘Secure Technology Alliance’- association of digital security industry, the SIM and UICC cards are mostly consumed smart cards products both in terms of volume and value. Thus, the material required to develop these smart cards are also having robust demand and is driving the smart card materials market.
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Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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Various Government Initiatives for Improving Education Sector to Boost the Global School Uniform Market
The scope of our recent study on the “School Uniform Market “Forecast to 2028 – COVID-19 Impact and Global Analysis – By Product Type (Topwear, Bottomwear, Footwear, and Others), Category (Boys and Girls), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
School uniform is one of the important categories of the children's clothing industry. School uniforms contribute positively to a child’s behavior in school and also develops an affinity with learning. The major factor for the growth of the market is increase in various government initiatives for improving the education sector.
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Governments across countries are taking up various initiatives to improve the education sector. To support the fact, in June 2020, the UK prime minister announced a transformative 10-year school rebuilding program supported by over US$ 1.3 billion in funding. As part of the prime minister’s plan to level up opportunities for all, the investment will be targeted at school buildings in the worst conditions across England. This new investment will ensure schools and colleges are fit for the future, with better facilities and brand-new buildings. In addition, in July 2021, the UK government revealed 50 new schools in the second round of the rebuilding plan
The school uniform market size was valued at US$ 38,505.66 million in 2021 and is projected to reach US$ 58,950.69 million by 2028; it is expected to grow at a CAGR of 6.3% from 2021 to 2028. A school uniform helps pupils share a common identity regardless of background. High children populations in Asia Pacific and Africa and increase in participation rates of children in school will provide a huge opportunity for the growth of the school uniform market during the forecast period.
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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Cardiovascular Medical Devices Segment to Hold Largest Share of Reprocessed Medical Devices Market During 2021–2028
According to our latest study on “Reprocessed Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End-User,” and in the global market is expected to grow from US$ 2,087.36 million in 2021 to US$ 5,653.87 million by 2028; it is estimated to grow at a CAGR of 15.3% from 2021 to 2028. The increasing utilization of the less expensive reprocessed medical devices as compared to new devices and the rising number of surgical procedures across the US is contributing to the market growth.
The reprocessed medical devices market has experienced significant growth opportunities during the pandemic. The rapid spread of the COVID-19 has provided significant momentum to the reprocessed medical device industry in 2020. Following a severe shortage of medical supplies, regulatory agencies such as the Association of Medical Device Reprocessors (AMDR) promoted the reprocessing of healthcare equipment. According to AMDR, the expansion of reprocessing programmes could assist healthcare providers manage COVID-19-related costs, better regulate supply chains, and better plan for future hazards. While the COVID-19 pandemic continues to disrupt economies around the world, the growing volume of medical waste is a huge worry. This emphasizes the need of efficient reprocessing, which can not only help meet supply shortages but also enhance healthcare sustainability. However, with the onset of COVID-19 pandemic, physicians and patients became more concerned about their safety, hence, raising apprehensions about the reuse of medical devices. This negatively affected demand for reprocessed medical devices. Thus, to overcome these safety concerns, reassuring steps such as sterilization and microbial testing of reprocessed medical devices were made mandatory by various regulatory authorities in the region. Also, the risk of infection in surgeries and inappropriate sterilization of the medical devices can increase the potential outbreaks which hinders the market growth. In addition, the R&D of reprocessing services has put on hold due to diversion of professionals to satisfy the demand of pandemic related products. Thus, owing to the above–mentioned factors, the pandemic has shown negative impact on the reprocessed medical devices market.
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Reprocessing is an important part of the medical device life cycle. Reprocessing of medical device is a process of cleaning, sterilizing, testing, remanufacturing, disinfecting, and wrapping as well as labelling of a used, expired, and undamaged medical device to make it patient-ready at a much-reduced cost. It is a special process or treatment in preparation for reuse of medical devices. Increasing hospital expenditures on medical devices and high amount of medical wastage is driving the growth of the market.
The growth of the market is attributed to rising importance of medical waste minimization and growing use of reprocessed single-use devices drive the market growth. However, the limitations of reprocessed medical devices and stringent regulatory requirements hampers the market growth.
Several in organic approaches, such as product launches, and expansion in the global reprocessed medical devices, have resulted in the growth of the market. Likewise, inorganic strategies such as mergers & acquisitions, and collaboration have helped the company to strengthen its revenue, which allows the company to hold a strong position in the market.  
Below is the list of the growth strategies done by the players operating in the global reprocessed medical devices:
Year
News
July-2021
On July 2021, Medline Industries announced its Medline ReNewal medical device reprocessing division represented that they reached a new milestone after successfully collecting 5.3 million devices for reprocessing in 2020. This has diverted more than one million pounds of waste from the landfills and preventing the release of nearly 1,500 metric tons of carbon dioxide into the atmosphere.
July-2021
On July 2021, Innovative Health announced several new initiatives to increase savings from single use device reprocessing in the electrophysiology lab. The company formed an emerging technologies team, which is charged with developing new reprocessing technologies that will help in enabling cost-savings, which will be applied on more devices, modalities and clinical areas.
Feb-2018
On February 2019, Teleflex Incorporated's subsidiary Northeast Scientific announced that that they will be closely managing all customer interaction for the delivery of its remanufactured VNUS ClosureFAST Catheters, RF Styles, remanufactured Philips Volcano IVUS diagnostic catheters and the products to the medical market. Company's another subsidiary Vascular Solutions, has managed all the sales and customer service in the US for NES and helped to introduce NES remanufactured devices to more than 500 medical practices, which includes vein centers and OBLs (Office-based labs) across the country.
Jan-2021
On Jan 2021, STERIS and Cantel Medical Corporation announced that they signed a definitive agreement to acquire Cantel, via US subsidiary. The company signed this agreement to expand its product portfolio by marketing various equipments which includes specialized medical device reprocessing systems for endoscopy and renal dialysis, advanced water purification equipment, sterilants, disinfectants and cleaners, and others.
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Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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Hospitals segment is expected to drive the Growth of the Global Infection Surveillance Solutions Market by End User
According to a new market research study titled Infection Surveillance Solutions Market to 2025 – Global Analysis and Forecasts by Type and End User. The global infection surveillance solutions market is expected to reach US$ 763.7 Mn in 2025 from US$ 294.1 Mn in 2017. The market is estimated to grow with a CAGR of 13.0% from 2018-2025. The market is expected to grow due to growing hospital associated infections and government initiatives undertaken to promote the market growth, however, the high costs of the infection surveillance solutions is hindering the market growth.
The healthcare associated infections acts as a major threat to patient safety, affecting one out of every 25 hospital patients at a given point, according to Agency for Healthcare Research & Quality. These infections are significantly increasing the economic burden of the healthcare system among all the countries worldwide. The government and healthcare departments of the high as well medium to low income countries are developing action plans and undertaking several initiatives to reduce this burden as well as prevent the mortality rates occurring as a result of hospital acquired infections or nosocomial infections. Thus, various government initiatives to reduce healthcare associated infections by adaption of advanced techniques such as surveillance software are expected to propel the growth of the global infection surveillance solutions market over the forecast years.
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Over the years, technology has improved the way healthcare providers treat and take care of the patients. There have been a number of ways in which these changes in the healthcare systems are incorporated. The major one of these changes includes intersection of advanced healthcare and information technology. Health IT is often considered to be a silent partner in healthcare, which is not evidently noticed, however plays a crucial part of the system. The growing ageing population and rise in costly chronic care needs are exerting considerable demands on our health systems. Governments are expected to do more in the face of healthcare funding challenges and skilled labor shortage. As computer and technology use in hospitals, clinics and private practice expands, information technology is being used in countless ways to improve healthcare delivery, patient safety, and the relationship between patients and healthcare providers. Thus, massive adoption of IT based platforms in healthcare is expected to support the growth of infection surveillance solutions market over the forecast years.
Global infection surveillance solutions market, based on end user was segmented into hospitals, nursing homes, and others. In 2017, hospitals segment held the largest share of the market, by end user. Moreover, the nursing homes segment is expected to grow at the fastest rate during the coming years attributing to increasing number of geriatric patients requiring healthcare assistance.
The major players operating in the infection surveillance solutions market include BD, Wolters Kluwer, Sunquest Information Systems, Inc., Premier, Baxter (ICNet Systems, Inc.), GOJO Industries, Inc., Cerner Corporation, Deb Group Ltd., PeraHealth, and VigiLanz Corporation among others.
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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Popularity of Autonomous Vehicles Boosts Automotive System Simulation Software Market Growth
According to our latest market study on “Automotive System Simulation Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Vehicle Type, and Propulsion Type,” the market was valued at US$ 1,142.52 million in 2021 and is expected to grow at a CAGR of 12.6% during the forecast period of 2021 to 2028 to reach US$ 2,616.37 million by 2028.
A substantial rise in the popularity of passenger and commercial vehicles with intelligent devices, features, and technologies has resulted in the continuous engagement of automakers in introducing innovations in the design and functionalities of new models. These innovations and advanced features are attracting a fair percentage of customers in major automotive manufacturing countries. For example, in 2021, Volkswagen, a leading German multi-brand automotive group, displayed exceptional performance in the areas of electromobility and interfaces such as augmented reality-based head-up displays. Similarly, Daimler, a world-class luxury vehicle producer and a global leader in terms of innovation index, has made tremendous progress in the fields of autonomous driving and the MBUX operating systems. With the escalating consumer demand for smart and semiautonomous / fully autonomous cars, automotive system simulating tools have become an integral part of R&D activities in the automotive sector. The growth trajectory of fully autonomous cars depends upon parameters such as improvements in related technologies, consumer preference for new technologies, suitability of pricing among masses, and ability of suppliers and OEMs to address critical concerns related to the safety of vehicles. As a result, major automotive players chiefly focus on improving and integrating robust technologies in vehicles through the use of real-environment-based virtual test scenarios. rFpro, a prominent automotive simulation platform developer, offers dedicated driving simulation software and digital-twin models for the validation of autonomous driving; and the development, testing, and validation of ADAS and vehicle dynamics. These factors are expected to accelerate the adoption of simulators for the production of advanced vehicles to optimize autonomous vehicle safety and performance, thus introducing significant future trends in the automotive system simulation software market in the coming years.
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Key Findings of Study:
Based on type, the global automotive system simulation software market has been segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. The engine segment dominates the automotive system simulation software market as there is a major demand for engine system simulation software to develop fuel-efficient engines. Based on vehicle type, the global automotive system simulation software market has been segmented into commercial vehicles and passenger cars. The passenger cars segment dominates the automotive system simulation software market due to continuous developments in vehicle dynamics, engines, and power systems.  Based on propulsion type, the global automotive system simulation software market has been segmented into ICE and electric. The ICE propulsion type segment dominates the market as simulation software is widely used for engine system applications. However, the rising demand for electric propulsion would propel the market for the electric segment at a higher CAGR during the forecast period. By geography, the automotive system simulation software market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Asia Pacific dominated the automotive system simulation software market in 2020.
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in industries such as healthcare, media, and telecommunication.
Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.
Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, product and service, radioisotope types, application and end user, which helps our clients to gain a deeper analytical understanding of various research topics.
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