Market Research Blog

The global marine cranes market is expected to be worth US$ 7945.2 million by 2032, up from US$ 3868.2 million in 2022, with a CAGR of 7.5 percent over the forecast period.

Marine cranes are the rotating lifting and pedestal-mounted elevating machinery used to transport cargo or personnel for marine vessels, oil drilling platforms, navy ships and fishing vessels. Rapidly growing industrialization, mainly in emerging nations, and noteworthy prominence on energy conservation has led to remarkable advancement in the global marine crane market during the forecast period.

Over the past few years, hydraulic marine cranes have gained significant traction in the global marine crane market as it is highly reliable and has high load bearing capacity. Moreover, new project associated with offshore wind turbine is roaring and also supporting the growth of lattice boom marine cranes in European countries, particularly in the U.K. and Germany.

On the other hand, flexibility, low operational cost, high safety and low maintenance cost remain the prime focus of key manufacturers in the global marine crane market throughout the forecast period. The future stance in the global marine crane market is projected to persist positive and the market is expected to witness high CAGR growth during the forecast period.

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Marine Cranes Market: Dynamics

Increasing oil field discoveries will fuel the need for equipment such as marine cranes and increasing merchant vessels for transporting cargo and passengers and fishing vessels may support intangible growth for the global marine crane market during the forecast period. Furthermore, robust collaboration among the private and public players are driving the global marine crane market.

Complicated design, need of trained operators and fluctuating raw material price are expected to hamper the global marine crane market during the forecast period. Furthermore, high operational risk, for instance position accuracy, suppression and collision avoidance may also hinder the global marine crane market throughout the forecast period. Moreover, curb in the production of gas and oil industries has significantly impacted the growth of this market.

New product development and technology up-gradations and governmental regimes to deteriorate regional manufacturer is gaining high traction in the global marine crane market during the forecast period.

Marine Cranes Market: Region-wise Outlook

It is expected that the Asia-Pacific is dominating in the global marine crane market owing to the high presence of shipbuilding industry and transportation particularly in South Korea, China & India. Furthermore, the rise in population and rapid urbanization that result of increasing seaborne traffic may hike the demand of the global marine crane market in this region.

Latin America is also gaining significant traction in the global marine crane market during the forecast period, increasing offshore vessels have increased the demand for offshore cranes. It is anticipated that the market performance of Latin America will be also commendable and likely to improve further in the near future.

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Marine Cranes Market: Key Participants

Examples of some the key participants of the global marine cranes market are:

• TECHCRANE INTERNATIONAL, LLC.
• Anupam Industries Limited
• PALFINGER AG
• DMW Marine Group, LLC
• HS MARINE S.R.L.
• Kenz Figee Group
• HEILA Cranes S.p.a.
• Fjell Marine Service AS
• Gulf Crane Services
• NINGENMURA COMPANY
• INDUSTRIAGUERRA, S.A.
• Atlas Polar Company Limited
• Favelle Favco Group

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.

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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, 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.

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Marine Cranes Market: Segmentation

The global marine cranes market can be segmented based on product type, design type, application and end use.

By Product Type, the global marine cranes market can be segmented as:

• Hydraulic Marine Cranes
• Electric Marine Cranes
• Others

By Design, the global marine cranes market can be segmented as:

• Knuckle boom marine crane
• Telescopic marine crane
• Lattice boom marine crane

By Application, the global marine cranes market can be segmented as:

• Vessels marine cranes
• Offshore marine cranes
• Others

By End user, the global marine cranes market can be segmented as:

• Terminal
• Port
• Others

By Sales Channel, the global marine cranes market can be segmented as:

• OEMs
• Aftermarket

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Global end suction pump market to register year-on-year (YoY) growth of 3.5% in 2021 to total 4.3 million units. As per the end suction pumps industry analysis, demand for close coupled pump will grow by 3.6% to total 3.6 million units by the end of 2021.

Demand in the China end suction pumps market is expected to rise at nearly 5.1% CAGR over the forecast period. China is a global manufacturing hub hence it exhibits high demand for various industrial equipment, including end suction pump.

Steered by surging application in commercial and industrial sectors alike, the sales of end suction pumps will represent 3% of global pumps market in 2021. Rapid industrialization has increased the demand for various production related equipment. Driven by this, the end suction pumps market will rise at 4.6% CAGR between 2021 and 2031 in comparison above 5.8% CAGR registered during 2016-2020.

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Leading manufacturing companies are focusing on expanding their sales and distribution footprint in untapped emerging markets based in South Asia, Latin America and Africa. To improve clientele base and key accounts management.

Some companies are collaborating directly with end users for turnkey projects via proposal bids. The key manufacturers are also looking forward to develop customer specific custom made products according to their needs backed with aftersales service.

Increasing energy costs and growing environmental awareness among end users are expected to drive demand for energy-efficient and cost-effective end suction pumps over the forecast period. Industries often rely on end suction pumps to improve pump efficiency and reduce energy consumption.

Key Takeaways from End Suction Pumps Market Study

• Close coupled pump segment is projected to hold over 80% volume share in the global market in 2021.
• The demand from industrial sector is set to account for 75% of the overall sales in the market.
• East Asia will remain a primary market, backed by expansion of industries and growing urbanization in the region. It is expected to account for over 25% of the demand registered globally in 2021.
• Upto 100 GPM end suction pumps sales is set to surge at CAGR of approximately 4.6% over the coming decade.
• Sales of end suction pumps in the U.S. will total US$ 992.4 Mn by 2031.

“Higher focus on expansion of manufacturing will boost end suction pumps sales in the coming years. Focus on turnkey projects by OEMs is expected to create attractive opportunity for the growth of the market” says a Future Market Insights analyst.

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Competition Landscape

The end suction pumps market is highly fragmented with more than 100 players across the world. The top companies account for around 15-20% of the market share. In order to achieve high sales, leading market players are creating contracts with end users and customizing solution to cater to industry specific requirements.

Increasing construction of commercial spaces, including hotels, retail space, office and institutions has boosted the demand for the end suction pumps because of their utility in water dosing, HVAC gas suction, and fire suppression applications. The continued demand for new installations is expected to aid the market growth over the coming years.

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The global tower crane rental market is projected to top US$ 6.49 Bn in 2021, according to a recent market analysis by ESOMAR-certifies consulting firm Future Market Insights (FMI). With a favorable demand outlook, the market is estimated to grow at a 5.7% CAGR, reaching 54,685 units in terms of volume.

Demand for tower crane rental plummeted in 2020 due to the onset of the COVID-19 pandemic. However, considering the recovery of the construction sector, sales prospects of tower crane rentals are projected to be bright over the forecast period, as the market experienced year-over-year growth by 4.8% between 2020 and 2021.

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The global construction industry has witnessed substantial growth in the past few years and the trend is expected to persist over the forecast period. Growth in the construction can be attributed to increasing government investments and rising per capita expenditure in home ownership and renovation. As infrastructure projects are rising globally, it is translating into high demand for tower crane rentals in the market.

Owing to high demand for tower crane rentals, key players operating in the market are focusing on enhancing their strategic partnerships with regional and local end-use industries to gain a competitive edge in the market. Besides this, players are offering customized fleet solutions, technologically advanced equipment, and robust aftersales services, which is further propelling demand for tower crane rentals in the market.

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As per FMI’s in-depth regional analysis, China is projected to dominate the East Asia tower crane rentals market. Rapid adoption of technologically advanced equipment and machinery, along with increasing development of residential and commercial projects in the country will continue fostering sales of tower crane rentals over the forecast period.

“Public Private Partnerships (PPP) for infrastructural development in various countries are positively shaping the demand outlook for tower crane rentals. In addition to this, collaborative efforts to offer personalized crane rental solutions by key market players will continue augmenting market growth in forthcoming years,” says the FMI analyst.

Key Takeaways:

•  In terms of design type, the top slewing segment is projected to hold 60.4% of the total tower crane rental market share.
• Based on end-use, applications of tower crane rentals are anticipated to continue rising in the construction sector, accounting for 59.3% of the total market share.
• OEMs are expected to remain the most-preferred vendors for tower crane rental services, capturing 40.2% of the total market share.
• China is anticipated to emerge as an attractive market, commanding 76.1% of the East Asian tower crane rental market share.
• Germany is projected to lead the European tower crane rental market, growing at a 4.5% CAGR.
• India will continue experiencing high demand for tower crane rentals, capturing 43.1% of the South Asia Pacific market share.
• Japan and South Korea will collectively account for 8% of the global tower crane and rental market share.

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Competitive Landscape

Key players operating in the global tower crane rental market are Konecranes, Liebherr, Mammoet, Maxim Crane Works, L.P., Morrow Equipment Company, Morwest Crane & Services, Bigge Crane and Rigging Co., Stafford Crane Group, Leavitt Cranes, United Crane & Rigging, Locabens Equipamentos, Grumont Equipamentos Ltda, JASO Group, and Arcomet.

As per FMI’s market survey, top 5 players comprising Al Faris, Kanamoto Co., Ltd., Konecranes, Mammoet and Uperio Group are estimated to account for 41% of the total market share over the forecast period.

As a part of their growth strategies, leading players are investing in intensive research and development to offer innovative and safe tower crane rental options suitable for various end-use applications. Besides this, strategic collaboration, partnerships, mergers and acquisitions will remain prominent growth strategies among key players. For instance:

• In September 2021, Konecranes won a 14-crane order from Thyssenkrupp Marine Systems for Kiel Shipyard built in Germany.

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The Capacitor Kits stores the electric capacitor by charge separation in an electric field. This capacitor kit are generally deployed when very large capacitance values are required. The majority of capacitor kits are polarized that means it should have correct polarity.

The capacitor kits are used in direct current (DC) circuits, due to its small size and large capacitance it helps reduce the voltage. Capacitor kits can be used in various sectors. Several type of capacitors can be used in automotive systems for all types of cars which includes internal combustion engine types that is ruling the market and also capacitor suppliers provides a range of automotive devices which used in ease, safety and engine control unit applications.

In capacitor kits capacitive sensing is a common feature which used in consumer electronics devices, though capacitive sensors have been used for decades in a variety of applications for manufacturing quality control, humidity, positions, acceleration, and  fluid level.

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Capacitor Kits Market: Drivers and Restraints

Increasing demand for electronics & semiconductor industry are estimated to boost the Capacitor kits market

The capacitor kits market is looking promising with opportunities in the various industries such as consumer electronics, automotive, semiconductor and telecommunication. The rising demand for electronic devices and increasing demand for electronic products with sophisticated characteristics, connectivity and comfort are one of the main variables driving the development of the market for capacitor kits. Moreover, factors such as good availability of the raw material, different construction and connection types are also available and have highly automated manufacturing process are key variables driving the growth of the market for capacitor kits.

Low energy capacity products minimize the demand of Cable Assemblies

Some of the major challenges hampering the growth of the global capacitor kits market are the low energy capacity, limited energy storage may lead to fall in the market growth. If not installed properly capacitor kits will not reach correct capacitance and it may create internal gas pressure, which can leads to explosion. Furthermore, if installed properly, capacitors kits are a very essential component in the circuit design which can provide high capacitance for low size capacitor, the demand for the capacitor kits is expected to increase effectively due to rising demand for consumer durable, this may create opportunity for electric capacitor market.

Capacitor Kits Market: Competition Landscape

Capacitor kits is the crucial for the optimum growth of plants and ensuring the required amount of nutrient dosing in irrigation water. Some of the prominent players manufacturing capacitor kits are Murata Electronics, Johanson Technology, Joe Knows Inc., E-Projects, Ltvystore, Electronics-Salon, 3M, Foxnovo, Hilitchi, Wingoneer, Elenco, American Technical Ceramics,  and among other Capacitor kits market participants.

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Capacitor Kits Market: Regional overview

Based on region, many prominent players of capacitor kits systems are present in North America due to the increasing number of IoT devices, as well as the presence of several local manufacturers that provide capacitor kits. Moreover, the efficient tech industry in the North America region has encouraged several local and major players to initiate the manufacturing of capacitor kits systems.

Moreover, increasing demand for IT hardware in the Asia Pacific Excluding Japan is boosting the capacitor kits market in the region, which is encouraging several market players to boost their manufacturing capacity. For example, Murata Electronics, a leading manufacturer of capacitor kits systems, has started manufacturing capacitor kits because of the increasing demand for the increasing due to emerging demand for electrical circuit in diverse applications, and consumer durables in this region.

The capacitor kits market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

• Capacitor kits Market Segments
• Capacitor kits Market Dynamics
• Capacitor kits Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Technology
• Value Chain of the Market
• Market Drivers and Restraints

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
• Eastern Europe (Russia, Poland, Rest of Eastern Europe)
• Japan
• Asia Pacific Excluding Japan (China, India, South Korea, ASEAN, Australia & New Zealand, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

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Capacitor Kits Market: Segmentation

The Capacitor kits market has been segmented on the basis of capacitor type, vertical and region.

The capacitor kits market is segmented on the basis of capacitor type:

• Aluminum
• Ceramic
• Tantalum
• Paper and Film
• Other

The capacitor kits market is segmented on the basis of vertical:

• Automobiles
• Consumer Electronics
• Healthcare
• Communication & Technology
• Energy & Power
• Industrial Electronics
• Other

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About Us

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 10-years.

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The Audio Kits is a comprehensive audio framework built by audio designers. An audio kit integrated with an electronic amplifier that amplifies low-power electronic audio signals such as the signal from radio receiver to a level that is high enough for driving loudspeakers or headphones.

Audio kits are found in all manner of sound systems including sound reinforcement, public address and home audio systems and musical instrument amplifiers like guitar amplifiers. It is the final electronic stage in a typical audio playback chain before the signal is sent to the loudspeakers.

Key design parameters for audio kits are frequency response, gain, noise, and distortion. These are interdependent, increasing gain often leads to undesirable increases in noise and distortion. While negative feedback actually reduces the gain, it also reduces distortion. Most audio kits contain linear amplifiers operating in class AB.

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Audio Kits Market: Drivers and Restraints

Increasing number of IoT devices are estimated to boost the audio kits market

Today, IoT devices play a crucial role in multiple organizations such as healthcare, IT and telecom, BFSI, and manufacturing. IoT encompasses a broad range of products such as sensors, actuators, and software, which are built into various smart devices like cars and homes. Therefore, the increasing number of IoT devices in the region is generating the need for the audio kits to be installed in IoT devices, and thus, is creating potential growth opportunities for the audio kits market.

Design and complexity challenges for the development minimize the demand of audio kits

Some of the major challenges hampering the growth of the global audio kits market are the complexity of software, which leads to the need for high-cost skilled resources. The deployment of hardware and system integration requires specialized experts who can handle data refining & preparation and build & integrate these models into the application environment.

There is either lack of skilled resources or those with specialized expertise are relatively expensive to hire. This factor is expected to hamper the adoption of this audio kits, thus restraining the growth of the global audio kits market to a certain extent.

Audio Kits Market: Competition Landscape

Audio kits is the crucial for the optimum growth of plants and ensuring the required amount of nutrient dosing in irrigation water. Some of the prominent players manufacturing audio kits are STMicroelectronics, Texas Instruments, NXP semiconductors, Analog Devices, Infineon Technologies, Maxim Integrated Product Inc., Cirrus Logic Inc., Toshiba Corporation, on Semiconductor Corp., Qualcomm Incorporated, and among other audio kits market participants.

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Audio Kits Market: Regional overview

Based on region, many prominent players of audio kits are present in North America due to the increasing popularity of consumer electronic devices, as well as the presence of several local manufacturers that provide audio kits. Moreover, the efficient electronics production in the North America region has encouraged several local and major players to initiate the manufacturing of audio kits.

Moreover, increasing consumer electronics in the Asia Pacific Excluding Japan is boosting the audio kits market in the region, which is encouraging several market players to boost their manufacturing capacity. For example, Cirrus Logic Inc., a leading manufacturer of standard and custom audio kits, has started manufacturing audio kits because of the increasing demand for the same in this region. In addition, many companies have install audio kits in automotive infotainment systems in this region.

The audio kits market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

• Audio kits Market Segments
• Audio kits Market Dynamics
• Audio kits Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Technology
• Value Chain of the Market
• Market Drivers and Restraints

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
• Eastern Europe (Russia, Poland, Rest of Eastern Europe)
• Japan
• Asia Pacific Excluding Japan (China, India, South Korea, ASEAN, Australia & New Zealand, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

Audio Kits Market: Segmentation

The audio kits market has been segmented on the basis of type, end user and region.

The audio kits market is segmented on the basis of channel type:

• Mono channel
• Two channel
• Six channel
• Others

The audio kits market is segmented on the basis of end user:

• Automotive
• Consumer Electronics
• Telecommunication
• Media and Entertainment
• Others

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About Us

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 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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During the projection period of 2022-2032, the global automotive sunroof market is estimated to expand at a value CAGR of 11%, reaching a valuation of more than US$ 19 Bn by 2032

Increasing passenger car sales in conjunction with increased per capita income and consumer spending toward vehicle interiors and effective ventilation will drive the market. Also, the launch of new vehicle models with sunroofs as standard equipment will spur tremendous growth.

Pop-up, in-built, tile and slide, and top mount installed on the top of the vehicle roof are all examples of automotive solar sunroofs. Solar sunroofs are made of glass with photovoltaic solar cells embedded into them.

Furthermore, as demand for electric vehicles grows in both developed and emerging countries, the solar sunroof system is becoming more popular in the EV market. Panasonic, for example, designed a 180-watt roof for the Toyota Prius Prime in Japan to provide enough energy to travel 3–6 kilometers each day.

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Key Takeaways from Market Study

• At a CAGR of 11.4%, the fastest-growing segment is the panoramic sunroof under sunroof type segment from 2022 to 2032.
• Glass sunroofs are estimated to account for the highest share of more than 97% under the material segment in terms of value in 2022.
• The electric-powered sunroof will dominate the market creating an incremental opportunity of nearly US$ 12 Bn by 2032.
• By vehicle type, the passenger cars segment is projected to be the segment leader with a market share of more than 80% in 2022.
• By sales channel, OEM is set to account for more than 95% of the global market
• By 2032, East Asia is estimated to have the largest share of the global market, accounting for more than 48%.

“Growing need for safety, comfort, and aesthetic elements has resulted in a several technological developments in automobiles. This has improved the installation of sunroofs that allow for greater air circulation.” says a Future Market Insights analyst.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/automotive-sunroof-market

Market Landscape

Automakers and suppliers are working together to improve the safety features of various automotive systems. For example, Hyundai Mobis launched the world’s first panorama sunroof airbag system, which can prevent passengers from being propelled out of the vehicle through the roof in the event of an accident or rollover.

Rain sensors have also been integrated into these systems by automakers. As a result, when it starts raining, auto sunroofs can be closed automatically. Over the forecast period, such advancements are expected to boost the market growth.

Some of the key automotive sunroof manufacturers included in the report are –

• Webasto Group
• Aisin Corporation
• Inalfa Roof Systems
• Yachiyo Industry
• Inteva Products
• Yutian Gaunjia (Mobitech)
• Magna International
• CIE Automotive
• BOS GMBH & CO. KG
• Signature Automotive Products

Want More Insights?

The research report analyses the market demand trend for automotive sunroof. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the automotive sunroof market report is studied and analyzed in the following segments such as by sunroof type, operation type, material type, vehicle type, sales channel and regions. The automotive sunroof market report gives us qualitative and quantitative information about the companies.

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Key Segments Covered in Automotive Sunroof Industry Analysis

Sunroof Type:

• In-Built
• Panoramic
• Folding
• Pop-Up
• Others

Operation Type:

• Electric
• Manual

Material Type:

• Glass
• Fabric

Vehicle Type:

• Passenger Car
  • Compact Car
  • Mid-Sized Car
  • Luxury Car
  • SUVs
• Light Commercial Vehicle

Sales Channel:

• OEM
• Aftermarket

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

TOC continued..!

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

Top Reports Related To Automotive Market Insights

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.

About Future Market Insights (FMI) 

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 10-years.

Contact:

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Christiana Corporate, 200 Continental Drive,
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Over the forecast period of 2022-2032, the tire pressure monitoring system market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Bn by 2032.

Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle’s tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly.

Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry’s expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and consumer adoption of autonomous vehicles is expected to create opportunities for growth in the market.

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The global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sales.

TPMS is becoming an innovative component in a vehicle. Furthermore, increase in the safety standards adopted by the key manufacturers all over the globe is anticipated to benefit the growth in the market. Increasing sales of electric vehicles are also expected to propel the demand for tire pressure monitoring system in the forthcoming years.

“The quick adaptation of technologies in the automotive sector will fuel the adoption of TPMS. The market for Advance driver assistance systems is benefiting from rising demand for safe care driving, government regulation on road safety, which is expected to have a direct impact on the TMPS market,” says an FMI analyst.  

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Key Takeaways:

• Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
• By region, Europe and East Asia are expected to be collectively account for a market share of more than 9% by 2032.
• In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 0% of the total market share.
• Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.
• China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
• Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

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Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

Top Reports Related To Automotive Market Insights

Lightweight Compact Wheel Loader Market : is estimated to reach US$ 2.03 Bn by 2030 in comparison to US$ 1.61 Bn registered in 2021.

Bicycle Chain Market : is projected to reach US$ 996 Mn in 2022. Increasing preference for convenient mobility is anticipated to boost sales at a 4.9% CAGR, pushing the market size to US$ 1.4 Bn in 2029.

Railcar Unloader Market : demand is anticipated to increase at a considerable pace during the forecast period from 2022 to 2032.

Boat Trailers Market : sales witnessed historical CAGR of 4.2% during 2014 to 2021 and totalled US$ 936.1 by end of 2021. The global boat trailer market is further projected to register a CAGR of 4.5% and top a valuation of around US$ 1.3 Bn by end of 2029.

Portable Wheel Jack Market : is estimated to top US$ 5.4 Bn by the end of 2022. Future Market Insights (FMI), states that the sales in the global portable wheel jack market are anticipated to surpass US$ 6.8 Bn by 2029, expanding at 3.3% CAGR over the forecast period 2022-2029.

About Future Market Insights (FMI) 

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 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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The Emotion detection and recognition market is set to witness steady growth during 2021-2031. One of the major growth drivers for the emotion detection and recognition market happens to be the rising adoption of Internet of Things, Artificial Intelligence, Machine Learning, and Deep Learning technologies across the globe.

Moreover, growing demand for emotion detection and recognition software system in the automotive industry is further anticipated to boost the market growth for emotion detection and recognition solutions.

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What is Driving Demand for Emotion Detection and Recognition?

Increasing adoption of wearable devices happens to be one of the primary reasons driving the market growth for emotion detection and recognition. Wearable devices such as smart watches are equipped with ECG monitors and can measure SPO2, electrocardiograms and communicate the readings to physicians.

Owing to such developments, there has been rise in demand for emotion detection and recognition software solutions. Furthermore, emotion detection and recognition software helps in improving computer and human interfaces while offering enhanced feedback mechanism actions taken from the users by computers.

Facial Expression Recognition is Expected to Grow at the Highest CAGR of the Emotion Detection and Recognition Market by Software

Facial recognition software is an essential part of the emotion detection and recognition system as it allows the identification of responses or emotions from expressions on the face and helps in generating real-time results. Owing to its benefits, there has been rise in implementation of facial recognition software across various application areas and hence the segment is projected to grow at a significant rate over the forecast period.

US and Canada Emotion Detection and Recognition Demand Outlook

U.S. happens to be one of the largest markets for emotion detection and recognition across the globe. The growth in U.S. is attributed to the presence of established players such as NEC Global, IBM Corporation, Intel Corporation, Microsoft Corporation, and Apple, Inc., among others in the region.

Moreover, US happens to be the most rapidly changing and competitive market across the globe. Besides, the region is also anticipated to adopt new technologies at a faster pace as compared to other countries in the world. Apart from this, North America region happens to be a hub to one of the largest markets for IoT in both industrial and consumer domains.

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Europe Demand Outlook for Emotion Detection and Recognition

The growing need for advanced marketing tools happens to be one of the key factors driving the demand for emotion detection and recognition across the region. The growth can be attributed to the growing need for personalized and enhanced customer experience.

Furthermore, the rising number of connected wearable devices is on the rise among consumers in the countries like Germany, Italy, France, and UK in the Europe region which has further enabled the market for emotion detection and recognition to grow at a substantial rate over the forecast period.

Who are the Key Manufacturers and Suppliers of Emotion Detection and Recognition?

Some of the leading providers of emotion detection and recognition include

• NEC Global
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• Apple Inc.
• Gesturetek
• Noldus Technology
• Google Inc.

Emotion Detection and Recognition 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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Emotion Detection and Recognition Demand Analysis by Category

By Component:

• Software
• Services

By Software:

• Facial Expression Recognition
• Biosensing Solution
• Speech and Voice Recognition

By End-use Industry:

• BFSI
• Automotive
• Telecommunications
• Retail and eCommerce

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & pacific
• Middle East & Africa

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About Us

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 10-years.

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Future Market Insights,
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