Market Research Blog – Page 10519 – New Product Development

Otoscope Market – Business Opportunities and Global Forecast to 2026

This population is swelling alarmingly every year in South-Asia, Asia-Pacific and sub-Saharan Africa, which is also promoting the prospects of the emerging otoscope market demand in these regions of the world.

The otoscopes and ophthalmoscopes are predominantly used by ENT specialists across the world for detecting any sort of ENT related disease. Presently a population of 285million visually impaired adults and children are living in this world.

The population is rising every day. The otoscope/ophthalmoscope market can fetch the direct benefits of this rise as they are mostly needed for diagnosing eye and ear related ailments.

Countries like India, China, Oman, Brazil and Morocco are some of the nation living in the shadows of diseases like glaucoma.

Over the years they have made several consorted efforts to eradicate the disease but still it is prevalent amongst a large population.

The market is completely untouched and mostly dominated by few domestic players and it is definitely under the radar of some of the biggies of the otoscope market.

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The US is not only one of the leading producers of otoscope devices, it also caters to the demand of the large global and local population. Statistics shows that almost 37 million Americans are suffering from sinus-related diseases.

Thus the US is one of the largest thriving otoscope markets of the world.

Otoscope market: Drivers

There are several key components which are driving the growth and expansion of the otoscope market. T

he prime factor which is pushing the growth of this industry is the overall development of the healthcare infrastructure.

Apart from this, the steady rise of the ENT related diseases around the world is another significant reason which are multiplying the development of the otoscope markets spread around the world.

The constant economic rise of India in the recent past has had an positive effect on the entire healthcare and also on the otoscope market spread across the country.

The otoscope market in India is not only giving stiff competition to its western contenders but it is also fulfilling the demands of the local and regional demands through its domestic production.

Otoscope market: Restraints

Though the otoscope market is out of its slumber and ginning pace with every single day.

The regional markets spread across US, UK, Australia and New Zealand, India and China, Brazil, Morocco, Chile, Japan are performing properly for the last few years. But the dominance of the bi players based in the first world countries and the cloning of products in the Chinese and Indian otoscope markets are creating a massive gulf.

It is also disturbing the uniformity of the otoscope market in this south East Asian regions and Latin American countries.

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Otoscope market: Key regions

The growth of the entire otoscope market is concentrated on some of the prime pockets. The market is mushrooming in regions like India, China, US, UK and several other Latin American countries where the spread of disease related to ENT are galloping with time. A massive chunk of the market production is consumed by the healthcare giants present in these regions.

The ENT industry is booming in India and it churns a few billion revenue from the different adjacent neighbouring markets.

The production is high and cost effective which is also a major factor which is sustaining the players present in this segment in India.

Otoscope market: Key Players

Key vendors operating in the global otoscope devices market are Luxamed, Orlvision GMBH, Sync Vision, American Diagnostic Corporation, Welch Ally, Rudolf Riester GMBH, Cupris Health Ltd., Heine USA LTD, and Kirchner & Wilhelm GMBH +CO. KG, among several others

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types, and applications.

Otoscope Market – Segmentation

By Product Type:

Wall-mounted Type
Portable Type

By Application:

Hospitals
Clinics
Others

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Chronic Lymphocytic Leukemia Therapeutics Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2026

The chronic lymphocytic leukemia therapeutic market can be segmented on the basis of cancer type, drug type, route of administration and on the basis of region. On the basis of cancer type thechronic lymphocytic leukemia therapeutics market can be segmented into B-cell chronic lymphocytic leukemia, T-cell chronic lymphocytic leukemia and natural killer chronic lymphocytic leukemia. On the basis of drug type the chronic lymphocytic leukemia therapeutics market is segmented into targeted therapy and chemotherapy.

On the basis of route of administration the chronic lymphocytic leukemia therapeutics market can be segmented into intravenous route, subcutaneous route, intrathecal route, intramuscular route and oral route. On the basis of region the chronic lymphocytic leukemia therapeutics market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Higher incidences of leukemia, improved diagnosis and growing disease awareness are the factors determining the growth of chronic lymphocytic leukemia therapeutics market.

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Chronic Lymphocytic Leukemia Therapeutics: Market Dynamics

The food and drug administration has given approval to several drugs used in the treatments of chronic lymphocytic leukemia therapeutics. The drugs for this cancer type are currently in preliminary stage, their introduction in the chronic lymphocytic leukemia therapeutics marketand sales is anticipated to increase the demand for chronic lymphocytic leukemia therapeutics market.

Increased number of biotechnology firm’s research and development in oncology sector, new innovation in drug development, introduction of novel therapies and promising pipeline products are some of the factors driving the growth of chronic lymphocytic leukemia therapeutics market. The cost of treatment and drugs is very much high in chronic lymphocytic leukemia therapeutics market and also many entry barriers and FDA approvals which are restricting the growth of chronic lymphocytic leukemia therapeutics market.

Chronic Lymphocytic Leukemia Therapeutics: Regional Outlook

Geographically, North America accounts for largest share followed by Europe in the chronic lymphocytic leukemia therapeutics market. According to the WHO this cancer is more prominent in developed regions due to factors such as unhealthy lifestyle and genetic factors caused by enhanced radiation which in turn is expected to enhance the chronic lymphocytic leukemia therapeutics market in North America. Moreover, increasing patient awareness, supportive government policies, refined healthcare structure, technological advancements and new product launches are some of the factors anticipated to increase the demand for chronic lymphocytic leukemia therapeutics market in North America.

Presence of unmet needs in emerging countries of Asia Pacific like Japan, India and China, increasing investment in research and development by biotechnology firms, improving healthcare infrastructure are the factors promoting growth of chronic lymphocytic leukemia therapeutics market in this region. Mexico and Brazil are also expected to have significant growth in chronic lymphocytic leukemia therapeutics market owing to high disposable income and developing medical infrastructure and prevalence of leukemia. Rest of the world is anticipated to have steady growth in chronic lymphocytic leukemia therapeutics market.

Chronic Lymphocytic Leukemia Therapeutics Market: Key Players

The major players in the chronic lymphocytic leukemia therapeutics market are AbbVie, Arno Therapeutics, Genzyme Corporation, Gilead Sciences, Johnson and Johnson, Novartis, Ono pharmaceuticals Co. Ltd., Roche AG, Teva Pharmaceuticals, TG Therapeutics, Xeme Biopharma and Ziopharma Oncology, Inc.,

The report includes mergers & acquisitions, recent developments and new product launches of leading players in the chronic lymphocytic leukemia therapeutics market. For instance venetoclax by Roche, in collaboration with AbbVie has received approval from the US FDA for the treatment of this cancer. Genmab A/S and GlaxoSmithKline plc have entered into collaboration agreement for drug Arzerra used in treatment of relapsed chronic lymphocytic leukemia. New collaborative developments, clinical trials and new product pipelines are some strategic initiatives taken by the industries to retain oneself in chronic lymphocytic leukemia therapeutics.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Chronic Lymphocytic Leukemia Therapeutics Market

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Medical Home Services Market Demand Factors, Opportunities, Ongoing Trends and Key Players 2032

The medical home services market demand is anticipated to rise to US$ 251.3 Bn in 2022. Furthermore, the medical home services market is predicted to grow with a CAGR of 8.4% through 2032 to value at US$ 611.7 Bn by 2032.

Patient-centered medical home services is a care model designed to transform the comprehensive primary care delivery to adolescents, adults and children’s. It mainly seeks to improve efficiency and effectiveness of the care delivery while responding to each patient’s preference and needs. In 2007, patient center medical home principles were developed by the American college of physicians, American Osteopathic Association, American Academy of Family Physicians and American Academy of Pediatrics.The principles of patient-centered medical home services are coordinated care, comprehensive care, accessible services, patient-centered care, quality, and services. Patient-centered medical home services are designed to meet a patient’s needs along with entire spectrum, from wellness to chronic and acute services. It also aims to develop a strong relationship between the patients, the healthcare provider, and the patient’s family. Patient-centered medical services are designed to improve access to care with increased care coordination. Patient-centered medical home services co-ordinate medical care across all elements of the health care system home health care, hospitals, community services and specialty care.

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Patient-centered Medical Home Services Market: Drivers and Restraints

Rising medical spending continues to overwhelm the budget of the state, the patient-centered medical home services offers transformation of the health care delivery system. It can reduce costs and improve efficiency through comprehensive patient-centered medical home services. Government initiatives like 2010 patient protection and affordable care act contain provisions that support the implementation of patient-centered medical home services model includes Medicaid demonstrations, new payment policies and creation of Accountable Care Organizations. Government plays a key role in supporting and creating patient-centered medical home services market.

As of April 2013, 43 states of USA has policies promoting the patient-centered medical home services for CHIP beneficiaries or Medicaid. Other factors like Patient-centered medical home incentive programs are state, local, and private/public payer initiative that offers incentives to the participant that adopt the functions of patient-centered medical home services. All factors act as a driver in the burgeoning growth of the patient-centered medical home services market.
Adoption of the medical home services is slow in major emerging countries limited the growth of the patient-centered medical home services market. Basically patient-centered medical home services are at a nascent stage.

Patient-centered Medical Home Services Market: Market Overview

Global Patient-centered Medical Home Services market has witnessed a robust growth due to increasing adoption in developing countries. Patient-centered Medical Home Services market has a presence of many players which have a huge market share in developed countries operating at regional or country level.

There are huge opportunities for the untapped markets in emerging countries due to less adoption of the Patient-centered Medical Home Services Market. The key players in the Patient-centered Medical Home Services market are mainly focused on expansion by collaborations and partnerships with state healthcare center in increasing the penetration of the services model. The future of Patient-centered Medical Home Services market anticipated with double CAGR during forecasting period.

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Patient-centered Medical Home Services Market: Region-Wise Overview

Global Patient-centered Medical Home Services market segmented into following regions North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East and Africa. North America is dominant in the Global Patient-centered Medical Home Services market mainly due to the high acceptance of home services model. In North America, particularly the USA is dominating due to the high penetration.

Economic conditions in the APAC region are set to drive the Patient-centered Medical Home Services market to new heights. European and APAC are fastest growing region due to raising awareness of home services. Growth in the Middle East and African region is considerably less when compared to the other regions. However, developed countries would maintain its position in the Patient-centered Medical Home Services market because of increasing awareness and rising adoption.

Patient-centered Medical Home Services Market: Key Participants

The key participants in the Patient-centered Medical Home Services market mainly include end users.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Patient-centered Medical Home Services Market: Segmentation

Segmentation based on End User

Hospitals
Clinics
Ambulatory Surgical Centers

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance

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Cable Accessories Market Forecast To Grow At A CAGR Of 6.1% To Be Valued At US$ 92,443.0 Million From 2022 To 2032

Global Cable Accessories demand is anticipated to be valued at US$ 50,960.0 Million in 2022, forecast to grow at a CAGR of 6.1% to be valued at US$ 92,443.0 Million from 2022 to 2032. Growth is attributed to the growing use of polymeric insulation cable across the globe.

Cable accessories are intended to connect cables, insulate conductors from direct contact with the earth, and protect cables from degradation and erosion caused by environmental stress, ultraviolet light, and other medium. The cable accessories also give the cable strength, allowing it to withstand environmental extremes and provide dependable service over a long operating life in both underground and overhead installations.

Cable accessories are an essential component of any cable installation and distribution network. These accessories are used to connect two cables, even if the insulation materials are different. Previously, paper insulated cable was used for low and medium voltage cable, but now completely polymeric insulation is preferred.

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The growing use of polymeric insulation cable and need of connection with the paper insulation cable are the major factors that are expected to accelerate the growth of the Cable Accessories Market during the forecast period. Rising awareness among people concerning the need to use better technology for better results will also contribute towards the growth of the market in the forthcoming years.

Another factor promoting the growth of the cable accessories market is increasing demand for reliable technology with long operating life due to increasing focus of companies on decreasing operational cost by increasing the quality.

Cable accessories have become an integral component of the installation and distribution of cables in different industries etc. and hence, the increasing rate of urbanization growth and expansion of industries is also anticipated to escalate the growth of the cable accessories market over the analysis period.

One of the major factors expected to impede the growth of the cable accessories market over the forecast period is a general lack of awareness about cable accessories. Furthermore, high costs associated with underground cables and delays in power project implementation are expected to impede the growth of the cable accessories market during the analysis period.

Local manufacturers constitute the unorganised sector in most countries and face stiff competition from global suppliers in their respective markets. Leading market players face stiff competition from unorganised market players who sell low-cost, low-quality goods. In terms of price competitiveness, these grey market players have an advantage over well-established players.

In terms of regional platform, North America holds a significant market share in Cable Accessories market. The region is expected to surge at over 16% share from 2022 to 2032.

North America is projected to emerge as a major consumer of the cable accessories, owing to the extensive applications of cable accessories in industrial and non-industrial sectors across the region.

In addition, the cable accessories market in North America is likely to expand at a stable pace during the forecast period, attributed to ongoing investments in modernization of grid infrastructure in the region. Furthermore, increase in investment in the infrastructure sector, growth in economy, and migration of the population toward urban areas are likely to propel the market in the near future.

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Market Competition

Some of the key participants present in the global Cable Accessories market include ABB Group, nkt cables group GmbH, Nexans S.A., Prysmian Group, Taihan Electric Wire Co. Ltd., Südkabel GmbH, PFISTERER Holding AG, Brugg Kabel AG, Yamuna Cable Accessories Pvt. Ltd. (YCAPL), and REPL International Ltd., among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as ABB Group, nkt cables group GmbH, Nexans S.A., and Prysmian Group, account for a considerable market size, several regional level players are also operating across key growth regions, particularly in Europe.

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Variable Air Volume System Market Size Surpassing US$ 15.5 Bn By 2032 | Exclusive Report by Future Market Insights, Inc.

Total sales in the global variable air volume system market size are expected to exceed US$ 12 billion in 2022. Rising adoption of these systems in commercial and residential buildings is expected to drive demand at a 7% CAGR, with the market exceeding $15.5 billion by 2032.

Rising disposable income, concerns about sustainability, increased infrastructure investments, and energy efficiency legislation are some of the key factors driving the growth of the variable air volume system market.

CAV systems (constant air volume) are those that provide constant airflow at varying temperatures. VAV systems, as opposed to CAV systems, vary the airflow while keeping the temperature constant. VAV systems have several advantages over constant-volume systems, including better temperature control, lower energy consumption by system fans, less compressor wear, less fan noise, and improved dehumidification.

When energy prices began to rise in the 1970s, the Variable Air Volume System (abbreviated as VAV system) entered the picture. The volume of conditioned air supplied by the VAV system varies according to the heat loss or gain in the occupied spaces.

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With rising disposable income and opulent lifestyle, all of us want to achieve quality indoor environment and higher level of energy efficiency by automating and controlling the building systems.

Variable Air Volume System Market: Drivers & Restraints

Installation costs are highly application specific, construction and layout of the building and whether its new or retrofit. Lack of familiarity, servicing and maintenance and spare parts availability are probable factors restraining the growth of the variable air volume system market.

Variable Air Volume System Market: Key Players

Some of the key market participants in global variable air volume system market are Honeywell International Inc, Schneider Electric, KMC Controls Inc, Vemco Inc, Johnson Controls Inc, Trane Inc, Emerson Climate Technologies.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Key Segments Profiled in the Variable Air Volume System Industry Survey

Product Type:

Single Zone VAV
Multiple Zone VAV

Application:

Residential
Commercial
Industrial

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Sales Of Global Crane Market Are Slated To Top US$ 43.9 Bn In 2022 | FMI

Sales in the global crane market are slated to top US$ 43.9 Bn in 2022. Expanding at a steady h 3.8% CAGR, the market size is projected to total US$ 57.1 Bn by 2029. The global crane market was worth approximately US$ 43.9 billion in 2022, and it is expected to grow 1.5X by 2029.

Strong customer relationships with dealers/distributors and other distribution channel stakeholders, reinforced by local market presence, have been at the forefront of the various policies and plans adopted by prominent players in the global crane market.

It is looking forward to developing a more intimate customer relationship with the addition of new digital solutions and mechanical services to improve sales. The engagement of key players in similar other strategies is projected to propel the sales of crane machines in Spain.

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In the current market scenario, rising number of construction projects in South East Asian and Latin American countries, and tie-ups with prominent sales channel partners and manufacturing entities for long-term supply, will drive the global crane market. Further, integration of smart solutions and automation in cranes are expected to enhance sales during the forecast period.

Insights Gathered from Crane Market Study

The integration of cranes with IoT is expected to allow key players to increase sales during the forecast period, especially through contracts from leading companies dealing in real estate buildings and commercial apartments.
Rising number of remote operations have boosted demand, and more customers are demanding high load capacity cranes.
Loader cranes find application in refineries and offshore oil droll platforms, and increase in the production capacity of crude oil across the globe (to cater to energy needs) will have a positive impact on the loader crane segment.
Lack of technological adoption in conventional cranes will act as a restraint, and manufacturers will have to adopt advanced automation solutions to sustain and enhance their market share.
China is estimated to hold a significant share in the global crane market, and is expected to drive market growth in the region, while growing at a CAGR of above 5% in terms of value from 2022 to 2029.

“Increasing demand for high capacity cranes and need for portability are propelling the sales of handheld cranes, mainly manufactured by leading players. Further, providing customer-specific products at attractive costs based upon individuals’ economic tier and spending capability is expected to drive the growth of the crane market in the coming years.”

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Crane Market: Participant Insights

The crane market is largely fragmented, owing to a large number of established and large players. The report also provides details of some of the key players in the global crane market, such as Liebherr Group, XCMG Construction Machinery Co. Ltd, The Manitowoc Company, Texrex Corporation, Cargotec Oyj, Tadano Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd. Kobelco Ltd, and Kato, among others. Increasing investments in public and private sector construction projects are primarily responsible for driving the growth of the market.

Competitiveness in this landscape is growing stronger, and the adoption of new crane technology is superseding the cranes of yesteryears. With numerous updations, customizations, and innovations, end users can increase uptime, save on maintenance and energy costs, scale products with the business, and extend the life of their investments, all of which will play a significant role in the global crane market.

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Automotive Front End Module Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

According to a recent market analysis by Future Market Insights, the automotive front end module market is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period.

Rising prevalence of Internet of Things (IoT) has a substantial impact on the automotive front end module market growth. Due to the expansion of smart technology, stakeholders have also invested in the development of automotive components that help customers stay connected with other users in automobiles.

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OEMs are a desirable sales channel for front end components for automobiles. The ORM channel is additionally anticipated to support market expansion. Therefore, automotive front end module market key players should anticipate opportunities by utilizing the OEM channel in order to achieve sustainability and greater profitability.

Additionally, the modularization of the product architecture is strongly related to the product design. The FEM modularization is growing in demand, which is likely to accelerate the demand for automotive front end modules.

This implementation is predominantly found in the U.S. automotive industry and is expected to contribute greatly to the worldwide market growth.

Modernizing automotive components, however, can be a significant market-size hurdle. In contrast to fuel economy and emissions, there have been more government mandates and restrictions, which were supposed to open up new business opportunities for the automotive front end module market.

Key Takeaways

The automotive front end module market is likely to have a CAGR of 3% during the forecast period.
The automotive front end module market is currently holding a valuation of US$ 12.13 billion
The automotive front end module market is expected to reach a value of US$ 22.29 billion through 2032.
With an appropriate revenue of 20%, North America leads the gradually expanding global automotive front end module market.
Asia Pacific is anticipated to hold the largest share for the automotive front end module market.
Europe is the second-largest market for automobile front end modules, with a revenue share of 35%.

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Key players & Startup Contribution

OEMs are putting more of an emphasis on modularization for effective production and vehicle weight reduction to increase fuel efficiency, as well as increased concerns for passenger safety. The main players are concentrating on getting a competitive edge and expanding their market presence.

Mahle Gmbh, Faurecia, Hyundai Mobis, Valeo S.A., Denso Corporation, Calsonic Kansei Corporation, Magna International Inc., Smrpbv, Sl Corporation, Montaplast Gmbh, Wheel Movers (India) Pvt. Ltd., Batsons Industries, Inteva Products, Plastic Omnium, Minda Vast Access Systems Pvt. Ltd., Hanon Systems, Hbpo Group, Aisin Seiki Co. Ltd., Samvardhana Motherson Group, Mitsui Mining & Smelting Co. Ltd., Prabha Engineering Pvt. Ltd, Strattec Security Co., U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co., Etc are major players in the automotive front end module market.

Key Segments Profiled In The Automotive Front End Module Market Survey

By Product Type:

Radiator
Motor
Fan Condenser
Internal Air Cooler
Radiator Core Support
Oil Cooler
Headlight
Front Grill
Front Active Grill
Bumpers
Horn Assembly
Fenders
Hose Assembly
Bracket Assembly
Automotive Air Quality Sensor
Crash Management System

By Material:

Steel
Composite
Hybrid
Plastic

By Vehicle Type:

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Recent Developments

They are a US-based firm that uses V2G communication to create a multi-modal charging network for micro-mobility. They offer intelligent charging hubs with built-in car adapters.
Following the acquisition of Faurecia’s Exterior System division in July 2016, Plastic Omnium boosted its automotive FEM market position in the nation.
Officials from Valeo North America stated in June 2017 that they would invest US$25 million to expand their plant in Smyrna, Tennessee. The Smyrna facility expanded 130,000 square feet. to the existing area. The factory creates HVAC goods, as well as active grill shutters and front-end components.

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Automotive Gudgeon Pin Market : to grow with year on year growth of 4.3% in 2022 reaching value of about US$ 3,149.4 Mn by 2022 end. The global industry is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027.

Aircraft Tube and Duct Assemblies Market : is slated to top US$ 1.3 Bn in 2022. Increasing investments in aircraft maintenance across the globe will boost sales at a steady 4.40% CAGR, with the market valuation reaching US$ 1.7 Bn in 2030.

Automotive Cylinder Liner Market : to grow with a year over year growth of 3.4% in 2021 reaching a value of about US$ 4,573.1 Mn by 2021 end.

Automotive Control Cable Market : is estimated to exceed US$ 2.5 Bn by 2022. The demand in the global automotive control cable market is expected to create an absolute dollar opportunity of nearly US$ 3.4 Bn through 2029, growing at a CAGR of 4.6% over the forecast period 2022-2029.

ADAS Sensors Market : is slated to top US$ 15 Bn in 2022. Increasing preference for enhanced driver comfort and safety in passenger vehicles is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching US$ 43.2 Bn in 2030.

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Aerospace Fasteners Market Size, Share, Growth Trends, and Forecast Analysis to 2032

The global demand for aerospace fasteners is projected to reach US$ 7,834.5 million in 2022, expanding at a steady CAGR of 6.4% from 2017 to 2022. By 2032, the aerospace fasteners market is projected to be worth US$ 14,568.9 million. According to research conducted by Future Market Insights, the aerospace fasteners market has historically grown at a CAGR of 4.8%.

As airlines seek to reduce their carbon footprint, they are expected to increase their use of lightweight materials like titanium and aluminum aircraft fasteners. In addition, the emergence of new competitors is expected to usher in fresh aerospace fasteners market growth prospects. Standard aircraft fasteners like screws, nuts, rivets, and bolts are widely used in the aircraft sector. There are likely to be a lot of new opportunities for aircraft fastener manufacturers in the next decade as commercial and military aircraft demand rises.

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Demand for lightweight fasteners that can minimize fuel consumption and the time it takes to assemble and disassemble aircraft components are the main factors driving the aerospace fasteners market. Commercial aviation, military aviation, and space applications are the three largest end-use aerospace fasteners markets.

The industrial industry has reaped many benefits from advances in 3D printing and robotics technology. Using autonomous robotic manufacturing has enhanced production rates and quality while decreasing the need for human workers. Faster mass production, greater accessibility, higher quality, tangible design and product testing, lower costs, greater creative freedom in customization, less waste production, and fewer design and human errors are just some of the benefits of 3D printing technology. For these reasons, 3D printing and robotics technologies have become more widely used in the manufacture of precision airplane components. Therefore, the aerospace fasteners market is being driven by the increasing use of aerospace robots and 3D printing technologies in the production of aircraft fasteners.

The aerospace fasteners market is being held back primarily by the increasing use of composite frames in the aerospace hardware industry. Because composite materials are utilized as frames in composite structures, joining two separate parts is unnecessary. Composites are in high demand because of their many desirable characteristics, which include superior strength and durability, resistance to corrosion, low weight, adaptability in design, and low thermal conductivity. Composite materials are being more and more widely used in the aerospace tools industry due to their lighter weight and modern design advantages, which are projected to slow the aerospace fasteners market.

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Key Takeaways

As the concentration of major aircraft manufacturers like Textron, Boeing, and Bombardier, among others, in the North American aerospace fasteners market, which reached $1.86 billion in 2021, this area is anticipated to continue to dominate the industry.
According to FMI’s research report, Europe is expected to follow North America as the region with the second-highest share of the worldwide aerospace fasteners market over the forecast period.
In 2020, the aerospace fasteners market was led by the alloy steel category in terms of revenue, but the titanium segment is projected to expand at the fastest rate of growth (CAGR) throughout the forecast period.
In terms of product, the aerospace fasteners market was dominated by nuts and bolts in 2020, but the others sector is projected to grow at a faster rate in the coming years.
Although the civil aviation application generated the most revenue in 2020, the military aviation application is expected to grow at the fastest rate over the forecast period.
In 2020, Asia and the Pacific had the highest earnings of any region.
Some of the most important aerospace companies in the aerospace fasteners market are B&B Specialities Inc., Bufab Group, Howmet Aerospace, LISI Aerospace, Precision Castparts Corp., Stanley Black & Decker Inc., TFI Aerospace, The Boeing Company, TriMas Corporation, and Wurth Group.

Competitive Landscape

Market participants in the aerospace fasteners industry are making plans and extending their operations through the adoption of strategies, the signing of long-term contracts, the formation of joint ventures and mergers and acquisitions, and increased investment in R&D. Abilities enhancement is also being incorporated into the production of high-utility aerospace hardware, which is expected to increase the product’s popularity in the aerospace fasteners market.

Key Segments in the Aerospace Fasteners Market

By Product Type:

Pins
Bolts
Studs
Screw
Rivets

By Application:

Commercial aerospace
Military aerospace

By Material:

Aluminum
Steel
Super alloys
Titanium

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Recent Developments in the Aerospace Fasteners Market

The United States-based aerospace tools manufacturer TriMas Aerospace announced in June 2019 that it had entered into a multiyear agreement with the French aerospace firms Safran Nacelles and Sonaca Group. The parties to the contract agreed that the company would supply blind aircraft fasteners for use in the aviation systems of the other party.

Wetmore Tool and Engineering, a branch of Sandvick Machining Solutions, sold the California Associated Products (CAP) Cleco temporary fastener product line to HC Marchandisers Inc. in 2020.

The company National Aerospace Fasteners Corp. announced in August 2021 that it had been approved as a qualified aerospace forging supplier by Safran Aircraft Engines. Forging aircraft items out of materials like high-temperature superalloys made from iron and cobalt is something NAFCO is equipped to do.

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Automotive Window Regulator Market : is projected to increase at a robust 4.5% CAGR between 2021 and 2031. Future Market Insights (FMI) forecasts the market value to top US$ 13.7 Bn in 2021.

Automotive Steering System Market : is projected to total US$ 23.2 Bn in 2022. With sales growing at a healthy 4.6% CAGR, the market size is projected to total US$ 33.3 Bn by 2030.

Automotive Exterior Trim Parts Market : which accounts for a net worth of US$ 21.03 Bn at present, is estimated to surge to a valuation of US$ 30.34 Bn by the end of 2030.

Automotive In-Wheel Motors Market : to grow with YOY growth of 38.0% in 2022 reaching value of about US$ 2,127.5 Mn by 2022 end. At the end of 2021, global automotive in-wheel motor sales were estimated to be worth roughly US$ 1,541.4 Mn. By 2027, the market is expected to grow at a 38.0% CAGR, reaching a valuation of US$ 10,650.2 Mn.

Automotive Load Floor Market : size was valued at US$ 1.9 Bn in 2021. Increasing sales of electric vehicles and passenger automobile across the globe are expected to boost demand at a 5% CAGR, pushing the market size to US$ 3.3 Bn in 2032.

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Airway Disease Treatment Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The global airway disease treatment market demand is projected to amass a revenue of around US$ 3,495.3 million by 2032, up from US$ 1,996.1 million in 2022 moving forward with a CAGR of 5.2% during the forecast period.

Among the medications used in combination therapy for COPD are LABA-ICS, LAMA-ICS, triple therapy, and other similar drugs. Due to its superior efficacy over using a bronchodilator and a corticosteroid separately, combination therapy is becoming more popular, propelling the demand for airway disease treatment.

The airway disease treatment market growth is likely to augment owing to a rise in the number of patients who are successfully treated with combination therapy but who were not responding to bronchodilators or corticosteroid treatments. In addition, the adoption of airway disease treatment soars as the symptoms and quality of life of patients with the chronic obstructive pulmonary disease can be improved more successfully with combination therapy than with monotherapy.

Combination therapy has also gained traction on account of recent regulatory approvals and a rise in the success rate of the treatment for COPD, aiding the overall market. Furthermore, the development of cutting-edge therapeutics for asthma by major market players is one of the critical factors holding a sway over the airway disease treatment market trends and forecasts.

The adoption of airway disease treatment is facilitated by market characteristics such as solid and robust R&D efforts. One of the significant airway disease treatment market trends is the involvement of well-known pharmaceutical companies in the development of asthma medications, as asthma is a chronic disease that affects a sizable number of patients worldwide.

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As part of this involvement, several promising asthma treatment candidates are currently undergoing various stages of clinical trials, influencing airway disease treatment adoption trends. For instance, in September 2019, Novartis released encouraging data from the phase III IRIDIUM study of the inhaled combination QVM149 in patients with uncontrolled asthma.

What Are The Key Airway Disease Treatment Market Dynamics?

On account of the rising prevalence of respiratory diseases such as asthma, cystic fibrosis and COPD across the world, the demand for airway disease treatment is expected to skyrocket to a considerable extent. And the same can be primarily owed to the highly susceptible elderly people to respiratory diseases (COPD, asthma, emphysema) due to reduced immunity and blood flow.

Furthermore, the airway disease treatment market key trends & opportunities are shaped by the introduction of advanced imaging technologies such as digital radiography and computed radiography as they render high-quality digital images.

Digital imaging systems have witnessed a low adoption rate as these are more expensive than analogue imaging systems, dwindling the overall airway disease treatment market size during the forecast period. Since the pandemic and asthma are closely related to respiratory illnesses, there is an increased need for various types of asthma treatment medications, in turn, spiking the demand for airway disease treatment.

Moreover, due to rising demand and adoption of airway disease treatment, the U.S. FDA has granted priority regulatory approvals to several asthma medications, including important generic alternatives.

A key generic asthma treatment drug from Cipla, for example, received regulatory approval from the U.S. FDA in April 2020. Lupin is also expected to receive regulatory approval for a generic version of the same medication, auguring well for the airway disease treatment market future trends.

The market is also positively impacted by the surging release of products with significant capability from well-known companies as a result of such developments and trends. Further efforts are made to prevent significant shortages of asthma medications by launching an increasing number of products.

Why Is North America Likely To Lead The Airway Disease Treatment Market?

Geographically, North America is anticipated to hold a major chunk of airway disease treatment market share accounting for 38.1% in 2022.

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The dominance of North America can be attributed to the rising incidence of respiratory diseases, the popularity of portable electronics, and the rising need for equipment and services for in-home medical care.

According to the American Lung Association, COPD is the third most common cause of death in the country. Additionally, a growing need for cutting-edge and inventive products in medical facilities, diagnostic labs, and outpatient ambulatory surgery centres would drive market expansion in the region.

What Is The Growth Outlook For The Airway Disease Treatment Market?

Europe holds the second place in the market for treatments for airway disease, projected to dominate a market share of 22.5% in 2022.

The region’s market is being driven by a well-established health care system and an increase in the prevalence of chronic obstructive pulmonary disease and Asthma being the most common issue among children.

A number of technological advancements in respiratory diagnostic testing have paved the way for the market’s expansion, including the use of artificial intelligence and the internet of things (IoT), among other things.

How Is The Start-Up Ecosystem In The Airway Disease Treatment Market?

A US-based start-up, Altavant Sciences, is advancing therapies for managing rare respiratory diseases. The company’s lead drug candidate, rodaristat ethyl, is a small molecule inhibitor of tryptophan hydroxylase (TPH).

The medication reduces serotonin levels in conditions like PAH and idiopathic pulmonary fibrosis (IPF). The start-up is also working on medicines to treat bronchiolitis obliterans syndrome. Exvastat, a British start-up, creates a drug that is modified to treat acute respiratory distress syndrome (ARDS).

Imatinib, a medication used to treat chronic myeloid leukaemia, is being reformulated by the start-up. The newly developed medication makes use of its capacity to obstruct vascular leak, a cause of pulmonary edoema.

How Strong Is The Competition In The Airway Disease Treatment Market?

Currently, the global airway disease treatment market is highly competitive owing to the involvement of many established players.

Some of the key players in the global airway disease treatment market are Holaira, Inc., VIDA Diagnostics, Boehringer Ingelheim International GmBH, AstraZeneca, Teva Pharmaceuticals, GlaxoSmithKline and Novartis.

Some of the recent developments in the airway disease treatment market are:

Tudorza, also known as Eklira, and Duaklir distribution rights were sold by AstraZeneca for US$ 270 million to the Swiss pharmaceutical company Covis Pharma Group.

These medications are intended to treat chronic obstructive pulmonary disease (COPD).

The generic albuterol inhaler made by Cipla received regulatory approval from the U.S. FDA in response to the COVID-19 crisis-related shortages of asthma medications.

For people with asthma, this drug is frequently regarded as a last resort.

Key Segments Profiled In The Airway Disease Treatment Market Survey

By Type:

Asthma
Chronic Obstructive Pulmonary Disorder
Bronchiectasis

By Treatment:

Bronchodilators
Corticosteroids
Cytotoxic Drugs
Oxygen Therapy
Antibiotics
Others

By End Use:

Hospitals
Clinics
ASCs
Rehabilitation Centres
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Autonomous Vehicles Market Brief Forecast and Analysis by Top Key Players to 2032

The global autonomous vehicle market is expected to reach US$ 99,451 Mn in 2032, exhibiting a prolific CAGR of 10.9% for the forecast period of 2022 to 2032. Autonomous vehicle market is anticipated to reach an estimated US$ 35,282.8 Mn by the end of 2022. Advancing government funding and investment along with a favorable regulatory framework are fostering a positive market environment for autonomous vehicles over the forecast period.

Autonomous vehicles are self-driving cars that can be controlled by a computer system. These vehicles are yet to be commercialized and include a GPS tracker, lasers, computer vision, and other smart technology that aids it driverless status.

With increasing sustainability drives and changing consumer preferences, more and more people are showing inclination for autonomous vehicles over the conventional ones. This is owing to the benefits associated with autonomous vehicles like fuel efficiency, greater safety, low emissions and many others. Thus, the future market prospects of autonomous vehicles look positive.

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The rising adoption of autonomous vehicles is presumably because of the diminished impact on the environment as it carbon emission levels of these vehicles is very low. In addition to this, autonomous vehicles also offer better parking solutions, greater safety which lessens the stress level while driving as well as being fuel efficient. Autonomous vehicles reduce the incidences of road accidents occurring due to human error. Thus, these vehicles are safer than the manually operated ones.

Moreover, the commercialization of autonomous vehicles is expected to generate market opportunities for other industry verticals like electronics, IT, and technology.

“The introduction of robo-taxis, ride-sharing and other commercial activities are expected to promote the market prospects for autonomous vehicles over the forecast period,” says an FMI analyst.

Key Takeaways:

Integration of advancing technologies is likely to foster market growth.
Data security concerns may hinder market possibilities over the assessment period.
Europe is expected to lead the market with ownership of almost 38% market share.
Autonomous vehicle market in North America is the second largest, accounting for 25% market share.
By application, the passenger car segment is predicted to record the fastest growth.

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Competitive Landscape

Google LLC, BMW AG, Mercedes-Benz, Tesla Motors, and Audi AG among others are some of the major players in the autonomous vehicle market profiled in the full version of the report.

Major market players are focusing on developing their autonomous driving technology. These organizations are also engaging in strategic partnerships, collaborations, and mergers to maintain a competitive advantage.

Key Segments Covered in the Autonomous Vehicles Industry Analysis

Autonomous Vehicles Market by Level of Automation:

Driver Assistance
Partial Automation
Conditional Automation
High Automation
Full Automation

Autonomous Vehicles Market by Application:

Autonomous Passenger Cars
Autonomous Public Transportation
Autonomous Industrial Fleet
Autonomous Construction
Autonomous Agricultural Applications

Autonomous Vehicles Market by Region:

North America Autonomous Vehicles Market
Latin America Autonomous Vehicles Market
Europe Autonomous Vehicles Market
East Asia Autonomous Vehicles Market
South Asia Autonomous Vehicles Market
Oceania Autonomous Vehicles Market
Middle East & Africa Autonomous Vehicles Market

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More Insights into the Autonomous Vehicles Market Report

In its latest report, FMI offers an unbiased analysis of the global autonomous vehicle market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on level of automation (driver assistance, partial automation, conditional automation, high automation, full automation), application (autonomous passenger cars, autonomous public transport, autonomous industrial fleet, autonomous construction, autonomous agricultural application) and region.

According to the latest FMI reports, based on region, autonomous vehicle market in Europe is predicted to retain its lead over the forecast period. This region is expected to account for around 38% of market share. The availability of a plethora of market opportunities due to the rapidly advancing technology sector as well as surging investments in research and development activities are accountable for the growth of the market in this region.

The autonomous vehicles market in North America is right behind Europe, accounting for almost 25% of market share. The increasing development in the mobility as a service sector is likely to prompt the market growth in this region. In addition, favorable traffic regulations in the U.S as well as easy adoption of technological advancements in this country further propels regional market growth.

The Asia Pacific’s autonomous vehicles market is also predicted to witness considerable growth in the forecast period. An upsurge in the demand for safe, sustainable and convenient driving experience is the primary factor fueling the regional market growth. Strict road safety regulation in countries like India and China also bode well for the market in this region.

Based on segmentation, by application type, the public transport segment is likely to account for a major portion of the global market share whereas the passenger car segment will register the fastest growth over the forecast period.

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Railway Fishplate Market : is estimated to be worth around US$ 4.83 Bn in 2022. With increasing investments in the railway infrastructure across the world, the overall market is projected to expand at a moderate CAGR of 3.4% between 2022 and 2028, reaching a valuation of US$ 5.89 Bn by 2028.

Automated People Mover Market : is estimated to reach US$ 2.49 Bn in 2022. Sales are projected to increase at a CAGR of 5.8% over the forecast period, reaching a valuation of US$ 4.36 Bn by 2032.

Rubber Tracks for Defense and Security Market : is estimated at US$ 118.5 Mn in 2022 and is projected to reach US$ 144.5 Mn by 2027, at a CAGR of 3.7% from 2013 to 2021. Future Market Insights (FMI) has forecasted the Rubber tracks for defense & security market to grow with a year on year growth of 4.2% in 2022.

Compact Wheel Loaders Market : is estimated to surpass US$ 5.27 Bn by the end of 2022. The demand in the global compact wheel loaders market is anticipated to top US$ 6.64 Bn, growing at a CAGR of 3.3% during the forecast period 2022-2029.

Bicycle Components Aftermarket : reached a valuation of US$ 13.5 Bn in 2021. Sales are projected to increase at a CAGR of 6.9% over the forecast period, to reach a valuation of US$ 28.3 Bn by 2032.

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