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Recordable Optical Disc Market is Estimated a Valuation of US$ 2 Bn by the end of 2029

According to a new report released by Future Market Insights, the recordable optical disc market, which was valued at approximately US$ 2.5 billion in 2022, is expected to decline in the coming years (FMI) According to the report, the Recordable Optical Disk Market is expected to decline at a CAGR of -3% over the forecast period (2022-2029) to reach a market valuation of US$ 2 Bn by the end of 2029. as a general sense of ageing poses a potential threat According to FMI’s investigation, the languor is despite the reliance on visual structures for capacity.

The global recordable optical disc market is expected to have total assets of US$ 2.5 billion in 2022, but is expected to decline at a CAGR of -3% over the forecast period (2022-2029) to reach a market valuation of US$ 2 billion by the end of 2029.

According to the report, the growth of well-known media-administrations suppliers, for example, Spotify, Apple Music, and TIDAL, began to exert pressure on the ubiquity of recordable optical disc designs. Media specialist organisations redesigned media usage guidelines, and the reception rate of these media web-based features grew rapidly.

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‘Manufacture-On-Demand’ DVDs and Blu-Ray Discs- Marking a New Milestone for Growth

As per the report, the trend of ‘manufactured-on-demand’ DVDs and blu-rays of popular TV shows and movies is favouring the market players. For instance, Amazon exclusively sells a series of ‘manufactured-on-demand’ DVDs and blu-rays of popular Nickelodeon shows and movies.

Moreover, popular media-services providers, such as Netflix, have also started bringing back popular TV series and movies in DVDs and blu-ray formats to treat their loyal subscribers, which in turn has resulted in a promising comeback for DVDs and Blu-ray discs.

The report opines that blu-ray disc will continue being the top-seller, with revenues estimated to approach US$ 2 Bn in 2022. Optimum storage capacities with ‘best-in-class’ features remain two of the key selling points of blu-ray discs. Sales of the recordable optical disc via online channels will continue to put offline channels in the shade.

Professional Use of Recordable Optical Disc to Show Positive Leaps,

As per the report, media houses continue to rely on recordable optical disc formats for local storage, followed by software and IT ecosystems. Key players in the recordable optical disc market are focusing on incremental innovations that would further help them boost their sustenance in the market.

Apart from product features, brands are also focusing on nourishing the longevity of their recordable optical disc offerings via reflective layers. In addition, strategic partnerships seem the best way forward for the brands to sustain with considerable revenue growth, states the research study.

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COVID-19 Crisis Evaluation

The COVID-19 pandemic worsened the already in-bad-shape recordable optical disc industry. The manufacturing sector was majorly impacted by pandemic restrictions across the world. In the first quarter of 2020, as coronavirus infections spread, the world went into a lockdown situation and disrupted market activities on a global scale.

As factories all over the world were shut, it hindered the production and manufacturing of recordable optical discs. The market for recordable optical discs was already experiencing a downfall, and this pandemic made the situation worse.

However, optical discs are still vital in many professional operations where the reliability of these discs has been proven time and again. This factor alone is expected to somewhat slow down the decline in demand for recordable optical discs in the post-pandemic era.

Competitive Landscape

Recordable optical disc manufacturers are struggling to make sales due to increase in popularity of advanced storage technologies that are being widely adopted. However, recordable optical disc suppliers are now focusing on data security and secure data storage for enterprise use and are trying to boost their sales revenue via commercial channels of application.

In July 2021, Apple TV+, a subscription-based streaming service, announced the launch of its first physical media disc release. The title ‘Defending Jacob’ a limited series was released on DVD storage media and Blu-ray. More titles are expected to be released on physical discs from Apple TV+ streaming service.
In June 2020, Sony a leading electronics manufacturer announced the launch of a new optical disc capable of storing data for 100 years. The new disk is capable of reading at a rate of 3 Gbps and writing at a rate of 1.5 Gbps.

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Key Segments of Recordable Optical Disc Industry Survey

Recordable Optical Disc Market by Product Type:

Compact Discs (CD)
Digital Versatile Discs (DVD)
Blu-ray Disc

Recordable Optical Disc Market by Sales Channel:

Online Sales of Recordable Optical Discs
Offline Sales of Recordable Optical Discs
Sales of Recordable Optical Discs by Distributors
Sales of Recordable Optical Discs by Resellers
Direct Sales of Sales of Recordable Optical Discs

Recordable Optical Disc Market by End Use:

Recordable Optical Discs for Consumers
Recordable Optical Discs for Professionals

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Smart Elevator Automation System Market is supposed to develop at a CAGR of 9.2% by the end of 2026

In terms of value, the global smart elevator automation system market is expected to grow at a CAGR of 9.2% over the forecast period. The global smart elevator automation system market was valued at US$ 8,487.6 Mn in 2016 and is expected to grow significantly to US$ 36,417.8 Mn by 2026 due to increased development of new tall structures and growing urbanisation.

FMI has segmented the global smart elevator automation system market into help, part, end clients, and region in this report. The smart elevator automation system market is also divided into establishment administration, repair and upkeep administration, and modernization administration.

Future Market Insights recently published the report “Smart Elevator Automation System Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2016 – 2026.” Smart elevator automation system is another age of elevators outfitted with imaginative innovations that provide various offices in addition to security.

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The smart elevator automation system is designed to reduce overall energy consumption while effectively managing traveller traffic within a structure. Smart elevator automation systems have become adaptable to safely oversee building traffic as innovation and structure foundation have progressed. These variables are expected to aid the growth of the global smart elevator automation system market.

Smart Elevator Automation System Market: Segmental & Regional Forecast

Governmental regulations & standards for global green infrastructure, reduction in the operational cost and automation are the major factors expected to drive the growth of the smart elevator automation system market. In terms of value, the residential sector sub-segment is projected to register high growth during the forecast period in the global smart elevator automation system market.

Based on component, the card reader sub-segment in the smart elevator automation system market is expected to grow at a high CAGR of 19.2% over the forecast period. However, the sensor motor & automation system sub-segment is expected to capture large share in the global smart elevator automation system market as their demand is increasing to maximise energy efficiency and elevator travel speed.

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Furthermore, the global smart elevator automation system market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, the Asia Pacific Exc. Japan Smart elevator automation system market is estimated to expand with a CAGR of 18.6% over the forecast period.

This can be attributed to transformation of the existing infrastructure and increasing number of smart city projects. In Western Europe, Germany is expected to be the dominant market for smart elevator automation system, and to create incremental opportunity of US$ 2,042.8 Mn between 2017 and 2027.The growing demand for enhanced safety and security systems is one of the major factors fuelling the growth of the smart elevator automation system market in Western Europe.

Companies Operating in the Smart Elevator Automation System Market

Examples of some of the key participants covered in the report of the smart elevator automation system market include Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell. The report also describes company-specific strategies, key differentiators, market structure and competitive share analysis related to prominent industry stakeholders.

Key Segments Covered

By Service
By Component
By End-user

Key Regions covered:

North America
Latin America
Western Europe
Eastern Europe
Japan
APEJ (Asia Pacific excluding Japan)
MEA

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Digital Transformation in Healthcare Market expanding at a remarkable CAGR of over 14% through 2031

Expanded and computer generated reality are innovative arrangements that are revolutionizing the healthcare industry. From 2018 to 2023, the worth of the healthcare-based AR and VR industry is supposed to dramatically develop. Accordingly, there are huge undiscovered learning experiences for the digital transformation in healthcare market.

The healthcare industry continues to develop, from the reception of telemedicine to the utilization of mechanical interaction computerization (RPA) to work on quiet information. Another review from Future Market Insights (FMI) shows that the approach of innovative innovations will empower patients to get further developed care with the assistance of computer generated reality, wearable gadgets and different advances. These advances are supposed to drive digital transformation in healthcare.

Among the different end-clients, clinics and clinics are supposed to hold a leading offer in the digital transformation of the healthcare market owing to the growing reception of IoT that guarantees better network in the healthcare industry.

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Key Implications: Digital Transformation of Healthcare Market

Global Digital Transformation of Healthcare Market is projected to register a CAGR of over 14% during the forecast period 2021-2031
Presence of sophisticated healthcare infrastructure supports US expansion, accounting for more than 80% of total North American demand
Investments in smart healthcare will boost year-over-year growth in the UK to 14.4% in 2021.
Exponential growth will be possible in Germany and France, particularly due to increased spending on expanding healthcare.
China is expected to remain the market leading the digital transformation of healthcare in East Asia, while Japan is expected to grow at a faster pace.

The impact of COVID-19 on the digital transformation of the healthcare market

COVID-19 is disrupting businesses, industries and somewhat disproportionate health care across the country. This serious situation has led to a massive digital transformation of the healthcare industry, reducing operating costs, saving treatment time and ultimately improving healthcare quality. Medical advancement is considered a step-by-step evolution, and pandemics have accelerated change and have seen pioneering research in the medical sciences.

For example, telemedicine software (or remote patient monitoring) became the norm in 2020, eliminating the need for physical human interaction. This has become the most important advantage during the COVID-19 crisis. Telemedicine software has also provided healthcare professionals with greater geographic coverage, especially when healthcare resources are limited.

Accordingly, the digital transformation of the healthcare market is expected to grow 10-12% from the previous year from 2019 to 2021.

Rapid adoption of mobility services and healthcare mobile apps has become a major trend

Healthcare organizations are increasingly paying attention to mobile-based communications and encouraging employees to bring their own devices for work-related purposes, which in turn reduces the costs associated with purchasing medical communications devices. This is expected to increase the demand for mobility services. Medical mobility services also allow healthcare organizations to access patient data from anywhere and share insights with patients in real time.

Healthcare organizations around the world are focused on providing personalized healthcare apps for wearable fitness and medical devices. These applications allow patients to access medical information through mobile and devices. This, in turn, is expected to fuel market growth in the near future.

Who is the winner?

Companies operating in the market are currently focused on adopting advanced technologies. With the intention of making healthcare smarter, digital transformation will continue to accelerate within the healthcare sector. Major companies operating in the market include IBM Corporation, CGI Group Inc., Accenture PLC, Deloitte LLP, and HCL Technologies.

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Key Segments Covered

Solution

Software
- Electronic Health Record (EHR) Software
- Connected Medical Billing
- Healthcare Information System (HIS)
- Healthcare CRM Software
- Healthcare ERP Software
Service
- Digital Transformation Consulting
- Digital Transformation Technology Implementation & Integration

End User

Hospitals & Clinics
Pharma Companies
Life Science & Biotech Companies
Healthcare Insurance Providers
Others

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa (MEA)

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Smart Camera Market is Anticipated to be Valued at US$ 151187.6 million during Forecast 2022 to 2032

During the forecast period, smart camera sales are expected to grow at a rapid CAGR of 25.8%. By 2032, the smart camera market is expected to be worth US$ 151,187.6 Mn, up from US$ 15,247.6 Mn in 2022.

Expanded reception of smart cameras across businesses, a more noteworthy accentuation on wellbeing and security, and various different elements are completely expected to work on the deals of smart cameras. The key smart camera market driver remembers an increment for crime, which incorporates both intra-territorial wrongdoing and cross-line psychological warfare. The utilization of smart cameras permits us to monitor what is happening in the most delicate regions. This is supposed to build the interest for smart camera.

The public authority and different offices are spending considerably in smart cameras, as public safety starts things out while unveiling any government assistance choice. In light of market research, it is anticipated that the semiconductor area would grow during the estimate time frame at a good CAGR of around 12%. Little parts called semiconductors are put inside electronic gear to help their speed and viability. Accordingly, the deals of smart cameras are expected to develop altogether during the estimate time frame.

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Furthermore, drones are used by military personnel for security purposes. These drones target the necessary object using their smart cameras. Due to a number of advantages the smart cameras offer, namely monitoring and precise targeting, the government and defence authorities are eager to invest more and more in them. Smart camera manufactures make the cameras in a way that allow users to watch videos/images in a variety of ways.

The ability to receive notifications while recording a new clip is predicted to boost smart camera demand. To achieve the greatest outcomes, the smart camera has an incredible ability to collaborate with other components. This means that smart cameras can modify their settings based on lighting devices, colour devices, alerts, and so on. As a result, the smart camera market size is anticipated to witness growth throughout the forecast period.

Key Takeaways from Smart Camera Market

According to Future Market Insights report, the lenses used in smart cameras will have the greatest market share of 24.5% in 2021. The lens market is expected to develop at a CAGR of 21.6% during 2022-2032.
Processors follow lenses in terms of market share, accounting for 22.4% in 2021.
In 2021, the communication interface has a market share of 10.6% and is expected to grow at a CAGR of 17.2% by 2032.
The consumer category had the biggest market share of 26.3% in 2021, and this segment is predicted to increase at a CAGR of 22.3% throughout 2032.
The commercial sector had the next biggest market share of 19.3% in 2021, and it is predicted to develop at a CAGR of 25.1% during the forecast period.
The military and defense sector had 15.8% of the market in 2021 and is predicted to grow at a CAGR of 21.7% during 2022-2032.
The healthcare and pharmaceutical segment held 11.7% of the market and is expected to grow at a CAGR of 20.6% by 2032.
The food and beverage business had a 7.4% market share in 2021 and is expected to increase at an 18.7% CAGR throughout 2032.
In 2021, the United States held an 18.1% share of the North America smart camera market, which is predicted to increase at a CAGR of 20.8% during the forecast period.
In 2021, the UK held a 9.7% share of the Europe smart camera market, which is predicted to increase at a CAGR of 21.4% during 2022-2032.
China was the largest smart camera market in Asia Pacific in 2021, with a 12.8% share, and the market is predicted to develop at a CAGR of 24.2% during the forecast period.
Japan held a 3.5% share of the Asia Pacific smart camera market, which is expected to develop at a CAGR of 22.6% by 2032.

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“Rapid technological improvements, combined with increased R&D spending, are expected to boost the smart camera market. This is predicted to have a favourable impact on the adoption of smart cameras.” – FMI Analyst

Competition Landscape in the Smart Camera Market

With an emphasis on enhancing camera performance, key competitors are primarily working on sensors to increase the overall sensitivity of the device. The sensors are expected to be unveiled after 2024. Currently, the 108 MP and 200 MP sensors are the most widely accessible. In the future, the leading players are likely to focus on creating 576 MP sensors.

Key players in the Smart Camera Market includes Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, XIMEA GmbH

Recent Developments in the Smart Camera Market:

Olympus introduced the 72DL PLUSTM ultrasonic thickness gauge in March 2022, which enables accuracy thickness measurements at high speed in a portable, user-friendly device.
Nikon delivered the LuFact ultra-compact machine vision camera in July 2022 to help expedite digital transformation at manufacturing plants.

Zooming in Focus on Key Trends in the Smart Camera Market

The market valuation of smart camera in 2017 was US$ 5184.5 million. In 2021, the market valuation grew to US$ 12227.4 million. The historical CAGR of the smart camera market stands at nearly 23.9%. But if we compare it with the anticipated CAGR during the forecast period, which is around 25.8%, not much difference is observed.

But, the point to be noted is that be it the historical CAGR or the anticipated CAGR, the growth rate has been solid throughout.

Moreover, if we compare the valuation of smart camera market in 2017, which was US$ 5184.5 million, with the anticipated market size in 2032, which is expected to be US$ 151187.6 million, the figures speak volumes. This is mainly because of the increasing application of these cameras, mainly as security systems and surveillance cameras.

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Smart Camera Market Segmentation

By Components:

Image Sensor
Memory
Processor
Communication Interface
Lens
Display
Others

By Applications:

Transportation and Automotive System
Healthcare & Pharmaceutical
Food & Beverages
Military & Defence
Commercial Area
Consumer Segment
Others

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Wearable Computing Devices Market is Projected to Surpass a Valuation of US$ 217,237.2 Mn from 2022 to 2032

The worldwide wearable computing devices market is supposed to be worth US$ 37,557 Mn in 2022, ascending to US$ 217,237.2 Mn by 2032. The deals of wearable computing devices are supposed to develop at a CAGR of 19.2% during 2022-2032.

The wearable computing devices market size is supposed to increment during the extended period as they help clinicians in remotely checking patient wellbeing. Buyer interest in shrewd wellness contraptions is expanding since they help in the counteraction of mortality brought about by ailments like diabetes, coronary illness, heftiness, and asthma.

Moreover, because of these reasons, interest for wearable computing devices is supposed to grow over the gauge period. Because of expanded interest for wellbeing checking, the wearable computing devices market share is supposed to develop.

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Brilliant watches, savvy contact focal points, shrewd glasses, shrewd textures, and e-materials are a portion of the instances of wearable innovation. Deals of wearable computing devices are supposed to increment all through the projection period as a result of the benefits and expansive assortment for buyers. A portion of the elements of wearable computing devices that are driving market extension incorporate ongoing information arrangement, nearby capacity, and convenient plan.

Wearable computing devices leading companies are also introducing wearable devices that can link to smartphones. Furthermore, the demand for wearable computing devices has increased noticeably in the domains of health and fitness, medicine, gaming, music, transportation, and education. Customer apathy and data security concerns are important impediments to the expansion of the wearable computing device market.

Key Takeaways from Wearable Computing Devices Market

North America is one of the most appealing markets for wearable computing devices, with the United States leading the way. The United States is expected to occupy more than 19.6% of the market for wearable computing devices.
With a CAGR of 19% over the forecast period, China is expected to have the biggest development potential in the wearable computing devices market.
Following China, the India wearable computing devices market is expected to grow at an 18% CAGR during the forecast period.
With a 27% market share, the ear worn segment dominates the wearable computing devices market.
With a 22.3% market share, the fitness tracker category ranks second in the wearable computing devices market. The growing popularity and accessibility of fitness trackers among the general public is driving this increase.
With a 30.9% market share, the fitness and wellness segment lead the wearable computing devices market.

“The leading manufacturers of wearable computing devices are focusing on industry-specific wearables. They are also integrating wearable technology with management systems like as customer relationship management (CRM) and facial recognition to ensure effective communication.” – FMI Analyst

Competition Landscape in the Wearable Computing Devices Market

The wearable computing devices market is very fragmented and competitive. These devices are in greater demand in the healthcare industry due to rising fitness awareness. Additionally, as consumers’ purchasing power rises in emerging countries, wearable technology’s multiple applications present tremendous growth opportunities. The competition in the market is also increasing as new competitors enter the sector.

Key players in the wearable computing devices market includes Apple Inc., Adidas AG, Nike Inc., Samsung Electronics Co. Ltd., Fitbit Inc.

Recent Developments in the Wearable Computing Devices Market:

In may 2020 – Garmin unveiled the Quatrix 6X Solar, the latest addition to its new nautical GPS smartwatch series, which features a transparent solar charging display that harnesses the sun’s energy to extend battery life.
In January 2020, Nuheara, a smart-hearing company, debuted their IQbuds2 MAX earbuds. This device combines Active Noise Cancellation with the ability to modify and improve the wearer’s soundscape. Customers can also personalize their acoustic environment with this device.

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Wearable Computing Devices Market by Category

By Product Type:

Smartwatches
Head Mounted Displays
Smart Clothing
Ear Worn
Fitness Trackers
Body Worn Camera
Exoskeleton
Other

By Application:

Fitness and Wellness
Medical and Healthcare
Infotainment
Industrial and Defense
Other

By Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

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Smart Fitness Market Should Show up at ~US$ 50 Bn by the end of 2031 | Report by FMI

The overall smart fitness market pay amounted to ~US$ 13 Bn in 2020, according to Future Market Insights (FMI). The general smart fitness market size should show up at ~US$ 50 Bn by 2031, creating at a CAGR of 12% for 2021 – 31.

According to the smart fitness industry assessment by Future Market Insights (FMI), the premium signed up for the market will increase at a sound CAGR of 12% from 2021-2031.

The report similarly gauges that the market will beat a valuation of ~US$ 15 Bn close to the completion of 2021. As per FMI, headways in wearable recognizing advancements and ship off of pocket-obliging wearable fitness trackers for prosperity checking and watching out for clinical issues will remain supervisor improvement drivers.

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In the past two or three years, the rising omnipresence of wearable fitness trackers has encouraged makers to focus in on cultivating the new plans and models in kind of gatherings and looks as well as seeming to be rings, pendants, and recognizable pieces of proof that can be actually passed or associated on to clothing.

Key Takeaways: Smart Fitness Market

By component, the smart accessories segment is anticipated to account for the leading share in the global demand for smart fitness. The segment is estimated to grow at a robust CAGR through 2031.
The adoption of smart accessories like smart watches is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a 2X between 2021 and 2031.
North America is expected to lead the market followed by Europe in 2021.
South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in U.K. is expected to progress at a CAGR of around 15% through 2031.
In the India, sales are expected to increase at a CAGR of nearly 18% over the next ten years.

Demand for Wearable Devices is Bolstering the Market Growth

The demand for wearable devices such as smart bands, smart watches, activity trackers integrated with AI capabilities is increasing as these devices help in detecting irregularities in health data and give early warnings for condition like heart disease or diabetes. AI-enabled wearable devices are gaining traction as they help in monitoring the health and give alerts about movements, incorrect posture, and other vital health factors.

Wearable device provides fitness, sleep, and recovery data to help an individual adopt a healthy lifestyle. Many smart watch vendors are adding blood oxygen sensors in their device as standard, ECG monitors, and other functionalities to provide warnings or early signs of potential ailment and make suggestions about improvement in health.

Demand for Wearable Devices is Bolstering the Market Growth

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More Valuable Insights on Smart Fitness Market

FMI’s report on the smart fitness industry research is segmented into three major sections – component (smart accessories, strength training equipment, cardiovascular equipment, cross-training equipment), smart accessories (smart watches, smart bands, activity trackers, heart rate, monitor, pedometer, sleep quality monitor), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the smart fitness demand outlook.

Smart Fitness Outlook by Category

By Component:

Smart Accessories
Strength Training Equipment
Cardiovascular Equipment
Cross-training Equipment

By Smart Accessories:

Smart Watches
Smart Bands
Activity Trackers
Heart Monitor
Pedometer
Sleep Quality Monitor

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Sulfone Polymers Market | Global Industry Overview and Competitive Landscape till 2030

The sulfone polymer market is expanding due to the increase in demand for amorphous thermoplastics with higher strength and hydrolytic stability. A recent study by Future Market Insights (FMI) states that the global sulfone polymer market is expected to grow at 5.0% CAGR through 2030.

According to the report, the surge in demand from the healthcare and consumer products segments will propel the growth of the sulfone polymer market throughout the forecast period between 2022 and 2030. Sulfone polymer is increasingly used in electrical and electronics industry for miniaturization of electronics.

Demand for sulfone polymer from the electrical and electronics industry is anticipated to be worth US$ 354 Mn by 2030. This in turn is expected to bolster the growth of sulfone polymer market. FMI offers a holistic overview of the sulfone polymer market along with the detailed insights into growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below

The surge in demand for polyphenylsulfone polymer is anticipated to boost the market during the forecast period
The rise in requirement from healthcare end user is projected to fuel the sales of sulfone polymer
North America will lead the global sulfone polymer market owing to the high demand in the countries such as the U.S., Canada, and others
East Asia will emerge lucrative in the global sulfone polymer market in the coming years

“Sulfone polymers have unique properties and can remain transparent even when exposed to high temperature. This attribute makes it highly sought-after for use in connector’s blocks and circuit boards. There is immense scope for application across various industries, which is why leading players are focusing on expansion of their capacities. This trend will continue creating growth opportunities for the market,” says an FMI analyst.

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COVID-19 Impact Analysis

Key end users of sulfone polymer market such as automotive & transportation, electrical & electronics, and others have been left battered due to the deadly COVID-19 pandemic. This has hampered the demand for sulfone polymer substantially.

Furthermore, the economic impact of the virus-outbreak has taken a toll on the manufacturing process due to the financial crisis worldwide. For instance, according to the Ministry of Statistics of India, India’s growth in the fourth quarter of the fiscal year 2022 went down to 3.1%. This declining growth is a result of decelerated production across industries, which is expected to hamper growth prospects for the market as well.

Who is Winning?

The global sulfone polymer market is highly competitive. In order to sustain in the positions, the key players in the market are started with launching of better quality products which target diverse end users.

For instance, SABIC has launched their new extensive range of sulfone polymers such as SUPER™ Metallocene Linear Low Density Polyethylene (mLLDPE), COHERE™ Metallocene Polyolefin Plastomer (POP), and others in the current year.

Sino Polymer has launched their new range of eco-friendly sulfone polymer such as BISPHENOL-A EPOXY VE, BROMINATED FR VE, NOVOLAC VE, and others in the recent year.

Sulfone Polymers Markey by Category

By Product Type :

Polysulfone
Polyethersulfone
Polyphenylsulfone

By End Use :

Automotive & Transportation
Healthcare
Electrical & Electronics
Consumer Products
Industrial Processing
Others

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More Valuable Insights on Sulfone Polymer Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global sulfone polymer market, providing historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of end use (automotive & transportation, consumer products, electrical & electronics, healthcare, industrial processing, others), product type (polyethersulfone, polyphenylsulfone, polysulfone), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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Carbon Steel Market | New Technological Development Projecting Massive Growth till 2030

The carbon steel market size in 2022 has reached close to US$ 833 Bn. According to a recent study by Future Market Insights (FMI), the carbon steel market is forecast to rise at a CAGR of 5.1% between 2022 and 2030. The report is intended to offer an executive-level blueprint of the market to its stakeholders.

It studies the growth trajectory and gauges investment feasibility across key segments. According to the report, the carbon steel market is operating in an environment where lot of waste is generated and a huge amount of energy is consumed.

The steel industry is efficiently reducing the waste through waste recovery technologies and through recycling, which has been aiding environmental causes. The industry has adopted efficient fabrication and manufacturing process, which is reducing the energy consumption.

Carbon Steel manufacturers are no longer overheating or overcooling the rolling mills allowing them to manufacture products more efficiently by consuming less energy. Steps taken towards cautious manufacturing had bode well for the market.

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However, despite their efforts, the ongoing COVID-19 crisis has caused deceleration in the industrial production and disruptions in supply chain for 3 quarters of 2022. Growth recovery in the upcoming years will be backed by the increasing demand from downstream industries such as automotive, construction, and heavy engineering & equipment will drive the carbon steel market.

Key Takeaways of Global Carbon Steel Market Study

Globally, the demand for energy efficient and low carbon neutral buildings is increasing. Carbon steel is an affordable and safer solution, which provides high strength, versatility, durability and full recyclability throughout the entire life cycle of buildings
Carbon Steel manufacturers are improving its blast furnace technologies by taking full advantage of the converter slag of steelmaking by-products and improving the permeability of the blast furnace. All these factors have led to decrease in the steel manufacturing cost
Construction industry is forecast to remain dominant end user through the forecast period. The global construction growth is expected to be 3.9% pa by 2030, as per a study by Oxford Economics, which will aid the overall expansion of the market
25% increase on steel tariffs derivative steel has increased the USA’s domestic steel production. Manufacturers are therefore on the process of implementing and enhancing production capability so as to meet the end-user’s increasing demand
The global carbon steel market is expected to witness a plunge in FY2022, and is expected to recover sharply in the subsequent year as the industries across regional hubs have started resumption and augmentation of production and supply operations

“Carbon steel is used by a wide gamut of industries, which has been aiding expansion of the market despite oversupply recorded in the steel industry. Despite nose-dive growth during ongoing pandemic, the market is forecast to recover especially as leading companies move towards consolidation keeping expansion in their mind,” says FMI analyst.

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Carbon Steel Market By Category

By Grade :

Low-Carbon steel
Medium-Carbon Steel
High-Carbon Steel
Ultra High-Carbon Steel

By Form :

Hot Rolled Steel
Cold Rolled Steel

By Application :

Basic and Perforated Sheets
Angle
Channels
Beams
Normal Plates and Floor Plate
Pipes
Tubes
Bars
Struts
Grating

By End Use :

Automotive
Construction
Railways
Shipbuilding & Marine
Aerospace
Energy
Heavy Engineering and Equipment
Consumer Appliances
Cutting Tools

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Who is Winning?

The carbon steel market is fairly consolidated, with manufacturing capacities majorly concentrated among tier-I manufacturers. While local tier-2 and tier-3 manufacturers present a stiff competition, tier-1 players leverage their distribution network and brand image in dominating the market space.

Some of the key players in the market are Nucor Corporation, ArcelorMittal, United States Steel Corporation, Baosteel Group, AK Steel Holding Corporation, EVRAZ, Hesteel Group, POSCO, Thyssenkrupp AG, JFE Holdings Corporation, etc amongst many others amongst many others.

Market players have been focusing on strategic expansion and acquisition of manufacturing facilities. This strategy would help companies to expand into new markets to withstand in competitive environment.

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Wood Plastic Composite (WPC) Floorings Market | Major Revenue Gains are Expected by 2030

Having analyzed and scrutinized all the aforementioned facets in its new market study, Future Market Insights (FMI) projects that the global WPC floorings market will grow in value at a healthy CAGR of 7.0% between 2020 and 2030.

Over the years, the demand for wood-plastic composites (WPC) has significantly increased on the back of the high need for environment-friendly and low-cost raw materials in the residential sector. Likewise, increased spending on infrastructural developments in both the residential and commercial sectors is expected to give a major boost to the market during the forecast period.

There are several benefits associated with WPC floorings, such as low melting temperature and high stiffness as compared to conventional wood alternatives, which give it an edge in the flooring applications over other materials. Furthermore, WPC floorings are visually appealing and are relatively easier to install and maintain as compared to conventional flooring types.

Moreover, their resistance to humidity has also been crucial in cementing it as a fitting substitute for wood floorings or laminates. As WPC floorings are derived from waste materials from the wood industry and recycled plastics, they are considered sustainable and eco-friendly, gaining traction among consumers with high awareness.

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On these lines, backed by its low cost, WPC floorings are gradually replacing other floorings such as traditional wood floorings and luxury vinyl tiles (LVT) flooring. Besides, WPC floorings are easily shaped using conventional tools, minimizing the need for novel equipment, and reducing production cost.

On the other hand, increasing focus on research & development of products to improve their temperature resistance and strength is also expected to positively influence the growth of the market in the years to come.

Some of the key takeaways from the report include:

The global WPC floorings market is projected to surge past valuation of US$ 3,643 Mn by the end of 2030
By thickness, 5.5 mm, 6.5 mm, and 8 mm WPC floorings are poised to cumulatively account for more than a 3/4th of the overall market, with the former being the most sought flooring type
On the basis of the end-use sector, adoption in the commercial sector is anticipated to drive the majority of revenue, while the retail outlet segment is expected to account for 1/3rd of market value
Europe is forecasted to remain the largest regional market through the assessment period, accounting for a share little below one-quarter, owing to the development of the construction industry
East Asia and North America are poised to collectively account for over 2/5th of market value, ascribed to the growing trend of smart cities, and increasing emphasis on developing commercial infrastructure

“Market players are focusing on offering customizable products that suit consumer requirements such as color, stiffness, and thickness, among other parameters, to form a loyal consumer base, and are also directing their efforts to offer features such as biodegradability, weather compatibility, etc.” remarks FMI report.

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COVID-19 Impact on WPC Floorings Market

The outbreak of COVID-19, which swiftly metamorphosed into a pandemic of unprecedented proportions has led to the curt termination of construction activities across the world. Akin to numerous applications reliant on infrastructural development, the demand for WPC floorings has beheld a steep decline beginning in the first quarter of 2020.

On these lines, lack of workforce, supply chain disruptions, and unavailability of raw materials, among other perils of the pandemic are adversely impacting the growth of the market. On a positive note, a gradual return to normalcy in East Asia beginning from the third quarter of 2020, is likely to mitigate long term consequences to an extent.

WPC Floorings Market By Category

By Thickness, the WPC Floorings market is segmented as:

4 mm
5 mm
5.5 mm
6.5 mm
8 mm

By End Use Sector, the WPC Floorings market is segmented as:

Commercial Buildings
Residential Buildings
Retail Outlets

Who is Winning?

Market players are focusing on upscaling production and expanding sales facilities to cater to the growing demand and offer enhanced consumer experience. Moreover, widening the product portfolio has also been identified as a crucial growth strategy adopted by market players to strengthen their foothold.

On these lines:

Pro-Tek, a UK-based manufacturer, offers five different types of WPC floorings with a wide range of properties, and all the designs are phthalate-free derived from 100% recyclable materials.
Oakia, a China-based player, specializes in manufacturing and installing outdoor flooring and decking.

FMI’s report includes profiles of some of the most prominent names in the market including Armstrong Flooring (AFI Licensing LLC), Mannington Mills, Pro Tek, Parterre Flooring, Shanghai SevenTrust Company Co., Ltd., Oakio, SPECTRA CONTRACT FLOORING, Coretec, Tecnodeck, WPC – WOODPLASTIC a. s., Leben India Private Limited, Novowood, Taizhou Huali New Materials Co., Ltd., and Nanjing Xuhua Sundi New Building Materials Co., Ltd, among others.

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To Know More About WPC Floorings Market

A new market research report published by Future Market Insights (FMI) on the global WPC floorings market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030.

The report examines the market through four different segments – thickness, end-use, and region. The report also provides an extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

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Gold Plating Chemicals Market | Business Opportunities and Global Forecast to 2030

Driven by the surging industrial uses, the gold plating chemicals market is forecast to grow at 4.4% CAGR through 2030. Future Market Insights (FMI), in its recent study, has identified the expanding applications in electronics as a chief market driver.

As key players in the sector aim at innovation and commercializing their product portfolio, the scope for application of gold plating chemicals is expected to get better. Besides this, steady demand from jewelry sector will enable the market stay afloat despite threats posed by pocket-friendly alternatives.

In its report, FMI has projected the gold plating chemicals market to surge at 4.4% CAGR between 2022 and 2030. Notwithstanding this, contraction of growth rate is imminent, even if it is for a temporary phase, during the global pandemic crisis.

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Supply chain disruptions caused due to the unprecedented COVID-19 outbreak will restrict growth of the market for the most part of 2022. However, recovery is on the cards once economies resume in full swing. 2021 will most likely be the year when the market will commence regaining momentum after a period of slump during pandemic.

FMI’s report on the gold plating chemicals market offers a holistic overview and is intended to help stakeholders gauge investment feasibility across key segments.

Some of the key takeaways from the report are:

The gold plating chemicals market is set to surpass US$ 445.5 Mn by the end of 2022. Between 2022 and 2030, the market is expected to remain steady backed by increasing applications across diverse sectors
Demand from electronics sector will be key to growth
High potential markets across East Asia and South Asia & Pacific will be of immense potential
Automotive gold plating will emerge as a lucrative application segment

“Automobile OEMs are expected to demonstrate high demand for gold plating because of its long-lasting protective properties. Gold plating will also discover huge scope for application in chips used in vehicles,” said a lead analyst at FMI.”

Demand from Electronics Industry Spurring Growth

The electronics industry has significantly surged in the last few years. Encouraged by strong growth it exhibited across the world, gold plating chemicals suppliers are expecting strong demand from the electronics industry.

Application of gold plating chemicals in a variety of products from microelectronic components to aerospace machine parts such as solar photovoltaic cells has been enabling growth in the market. While demand from the electronics industry may hit a snag in 2022, FMI projects it to recover from the first quarter of 2021. Innovations witnessed drive growth in the sector will augur well for the gold plating chemicals market.

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Who is winning?

The market for gold plating chemicals is a highly fragmented, however, tier 1 companies enjoy a higher representation in terms of share. Most companies operating in the market are likely to focus on research and development activities to gain competitive edge.

While expansion strategies are a mainstay among market players, some of them have postponed their plans following the unprecedented COVID-19 outbreak. There is also immense focus on leveraging alternative distribution channels to strengthen their presence amid the tumultuous times.

Some of the leading companies operating in the market are Johnson Matthey Plc, Technic Inc., Umicore, Legor Group Spa, Matsuda Sangyo Co., Ltd., METALOR, American Elements, Hiemerle + Meule GmbH.

Gold Plating Chemicals Market by Category

By Product Type, the market of Gold Plating Chemicals is segmented as:

Cleaning Chemicals
Pre-treaters
Electrolyte Solutions
Acids
Additives
Others

By Chemical Type, the Gold Plating Chemicals Business is segmented as:

Potassium Gold Cyanide
Palladium acetate
Sodium succinate
Succinic acid
EDTA
Others

By Application, the Gold Plating Chemicals Business is segmented as:

Jewellery
Infrared Reflectors
Grating

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More About Gold Plating Chemicals Market :

A new market research report published by Future Market Insights (FMI) on the global gold plating chemicals market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2022-2030. The report examines the market through four different segments – chemical, application, product, and region.

The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of gold plating chemicals and product adoption across several end-use industries.

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