By 2028, the security screening market is expected to grow at a remarkable CAGR of 7.4%

Fast development in the economy, requiring expanding use on the public and infrastructural security, will keep on pushing organization of dependable and trend setting innovation empowered security screening frameworks. While FMI’s examination distinguishes an amazing pace of reception inside arising economies, China, India, and Russia are bound to be at the front of this development, in the security screening market.

Global Security Screening Market Size (2022) US$ 10.4 Bn
Revenue Forecast (2028) US$ 15.9 Bn
Global Market Growth Rate (2022-2028) 7.4 % CAGR
Dominant Application Airports (21.7%)

The roughly US$ 7.8 billion market for security screening is almost certain to move toward the incomes worth US$ 10 billion in the following two years. As shown by a recently sent off research report by Future Market Insights (FMI), the greater part of the complete interest for security screening is being accounted by the created territorial business sectors. East Asia anyway is refered to as the most worthwhile market for financial backers in security screening frameworks and arrangements.

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Air terminals Generate Maximum Demand for Security Screening, Explosive Trace Detectors Bestselling

More than 2/fifth of the worldwide security screening request is accounted via air terminals, which will stay the prevailing application region for security screening frameworks producers and providers. As government structures are profoundly defenseless attributable to the voluminous delicate data that they get, public amusement regions, for example, shopping centers are likewise refered to as the following touchy region for execution of powerful security screening. Line check focuses are additionally expected to arise worthwhile through coming years, in the security screening market.

Dangerous follow locators, presently representing almost 1/fourth portion of the all out deals of safety screening frameworks, will apparently areas of strength for observe popular through the next few years. As per the report, X-Ray screening frameworks and biometric frameworks are likewise exceptionally famous among the end-use application regions in security screening market.

The aggregate market esteem portion of the previously mentioned security screening frameworks is just shy of half and the report anticipates that appeal of the last option should flood – with developing reception of unique finger impression and face acknowledgment innovations.

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Shrewd Security Screening Trending in the Global Market

Taking a gander at the provisos in current security screening models as far as effectiveness and manageability, air terminals have been speeding up the business’ shift to savvy security screening arrangements, over the new past. A consolidated drive of Airports Council International (ACI) and the International Air Transport Association (IATA), brilliant security is arising as a smoothed out answer for carriers, travelers, and their effects. As of late, Australia’s very first brilliant security screening designated spot was uncovered at the Melbourne Airport.

Key Vendor Insights: Global Security Screening Market

Westminster Group PLC, one of the central participants contending in security screening market, as of late finished the procurement of Keyguard UK Ltd. The last option is a main organization in the security screening space, giving the mix of monitored security and the most recent innovation empowered security screening frameworks.

The previous will presently offer bundles joining innovation and watching – especially to the foundation security area. This arrangement is supposed to help both the business bases, in type of various strategically pitching valuable open doors.

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About 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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CYBOT, Rakuten Marketing, PactSafe, Silktide, Trunomi, Quantcast, Analysis of New Business Opportunities after Covid-19, Consent Management Market

In 2021, the consent management market is expected to be worth US$ 988 Mn. Through 2028, it is anticipated to expand at a 9 percent CAGR.

Attributes Details
Estimate Market Size of consent management in 2021 US$ 988 Mn
Projected Market Size of consent management in 2028 US$ 1.8 Bn
CAGR during 2021 -2028 9%

As per a new investigation of Future Market Insights (FMI), the Consent management market is relied upon to observe a promising development sooner rather than later, impacted partially by the vertical pattern of plain message show. Proposals by the Personal Information Management Services (PIMS) for the Consent management based on six plain language classes that limit disarray, have additionally been supplementing the ubiquity of the pattern, in this way affecting development of the Consent the executives market. 

The presentation of new guidelines, like the GDPR, alongside the rising customer concerns in regards to information protection, is compelling associations to put resources into more formal inside structures with the end goal of successful Consent the executives. There has been a huge development in the necessity for proficient accounting and individual advanced information stockpiling gear among associations, in a bid to upgrade their Consent the executive’s contributions. 

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The information protection guidelines in the Consent management market have driven associations to select devoted individual information security officials, Consent the executives cycles, and records. With effective information stockpiling hardware and Consent management stages set up, an association acquires the capacities to show an improved on grievance way to deal with Consent the executives controllers, repudiate or move information record upon solicitation, and answer shopper demands for data. 

Consent Management Demand Rises among Website Developers to Meet Data Management Requirements 

The worldwide Consent management market is probably going to observe an all out gradual chance of over US$ 1,000 Mn between the period 2018 and 2028. Consent management stages empower sites to meet different information the executives prerequisites, which incorporate those suggested by the EU and other administrative bodies for Consent assortment. 

Site designers are continually taking endeavors to incorporate Consent management stage, to understand the specialized capacity to refresh guests about the idea of individual information required, and request their Consent with respect to every information handling reason. Cloud arrangements and specialist organizations proceed to assuming an essential part in the advancing innovative turns of events, as an ever increasing number of endeavors embrace cloud administrations with persistent updates in the cloud-based information stockpiling arrangements, or programming as-a-administration (SaaS). 

Vital participants working in the Consent the executives market, as profiled in the review, incorporate CYBOT, Rakuten Marketing, PactSafe, Silktide, Trunomi, Quantcast, HIPAAT, CIVIC, ConsentEye, and OneTrust. 

Consent Management Market – Key Research Findings: 

  1. GlobalConsent managementmarket surrounded incomes worth US$ 700 Mn in 2017. 
  2. TheConsentthe executives market is relied upon to develop at a CAGR of more than 9.0% through 2028. 
  3. Requirements forConsentassortment ordered by key guidelines like the General Data Protection Regulation (GDPR), EU ePrivacy, US/EU Privacy Shield, General Data Protection Law, and Protection of Personal Information Act (PoPI), keep on affecting development of the Consent the executives market. 
  4. Absence of all inclusive direction models for proficientConsent managementhas driven organizations follow “inferred Consent the executives” standards, where people have no unmistakable thought regarding what or how much private data has been traded. 

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Key Segment

Based on component:

  • software
  • services

Based on services :

  • professional services
  • manages services

Based on deployment types:

  • on-premise deployments
  • cloud-based deployments

Based on end-use:

  • retail & e-commerce
  • government
  • technology
  • financial services
  • healthcare
  • higher education
  • other end-use industries

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About 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.

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Market Application for Advanced (3D/4D) Visualization Systems in 2028

A market research study titled “Advanced (3D/4D) Visualization Systems Market – Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028” was recently released by Future Market Insights (FMI). According to the analysis, the market for advanced (3D/4D) visualisation systems will surpass US$ 2,160.9 million in 2022 and grow at a moderate 4.2 percent CAGR from 2022 to 2028.

2022 Market Value US$ 2,160.9 Mn
2028 Market Value US$ 2,761.6 Mn
CAGR% (2022-2028) 4.2%
Share of Top 5 Players 20%

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Healthcare Sector to Remain Important for Advanced (3D/4D) Visualization System Vendors

The prevalence of lifestyle diseases, such as diabetes, cardiovascular disease, cancer, and neurological disorders, has increased due to the rising geriatric population, changing lifestyle, and excessive consumption of tobacco & alcohol. These factors are estimated to drive the demand for diagnostic imaging, which is, in turn, expected to provide opportunities for companies operating in the global advanced (3D/4D) visualization systems market.

Increase in medical tourism in emerging markets has led to the high adoption of advanced (3D/4D) visualization systems. These advanced (3D/4D) visualization systems enable countries to offer the best, yet cost-effective medical tourism solutions. This has, in turn, boosted the number of surgical procedures. Factors such as medical tourism and growing number of patients affected with chronic diseases, are estimated to propel the advanced (3D/4D) visualization systems market, especially in the developing parts of the world.

Manufacturers Focus on Introducing High-tech Features: An Emerging Market Trend

A major trend in the advanced (3D/4D) visualization systems market is the development of three-dimensional models from MRI and CT scans, which help guide surgical procedures and other minimally invasive treatments. These three-dimensional models may be developed by hands-on medical experts, 3D laboratories, or 3D reconstructions that are outsourced and transmitted via the internet. Various healthcare end-users of advanced (3D/4D) visualization systems are outsourcing 3D model creation to advanced (3D/4D) visualization system service providers.

In addition, manufacturers understand that it is imperative to monitor patient progress over months and often years for effective treatment of diseases, such as cancer and neurological disorders. The progression of cancer is unpredictable, which is why immediate access to patient history is of paramount importance for a doctor to make informed decisions regarding the future course of action. This requires the AV images to be adequately stored for the future course of treatment by comparing the present patient data with earlier records.

Picture Archiving and Communication System (PACS) has an advanced imaging system, such as MRI or CT, as one of its major components along with a data archival facility. Such innovations are estimated to drive the global advanced (3D/4D) visualization systems market.

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Scope of the Report

Attribute Details
Market value in 2022 US$ 2,160.9 Mn
Market CAGR 2022 to 2028 4.2 %
Share of top 5 players Around 20%
Forecast Period 2022-2028
Historical Data Available for 2013-2021
Market Analysis USD Million for Value
Key Regions Covered North America, Latin America, Europe, South Asia, East Asia, Oceania & Middle East & Africa
Key Countries Covered US, Canada, Germany, France, Italy, Spain, U.K., Benelux, Russia, Australia, New Zealand, China, Japan, South Korea, India, Malaysia, Indonesia, Australia & New Zealand, GCC Countries and South Africa
Key Segments Covered Platform, End User, Application and Region
Key Companies Profiled
  • Siemens AG
  • General Electric Company
  • Koninklijke Philips N.V.
  • LG Electronics Inc.
  • Thermo Fisher Scientific
  • FUJIFILM Corporation
  • CONMED Corporation
  • Pro Medicus, Ltd.
  • Carestream Health
  • Ziosoft
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Connectivity Features of Advanced (3D/4D) Visualization Systems to Gain Popularity

Upgraded hardware performance and enhanced internet connectivity have facilitated enhanced remote access to advanced (3D/4D) visualization system users outside particular hospitals and clinics or research institutes and research centres. Such advanced (3D/4D) visualization systems are transitioning towards specialised healthcare applications that required innovative post-processing. Such advanced (3D/4D) visualization system applications for surgical planning, Chronic Obstructive Pulmonary Disease (COPD), radiation treatment, liver analysis, and oncology management.

Healthcare professionals are utilising their smart mobile devices to communicate with patients as well as for reviewing scan results. Advanced (3D/4D) visualization system users can now utilise cloud-based services that facilitate the web hosting of these advanced (3D/4D) visualization system applications. Thus, technology- and hardware-related advancements are estimated to offer profitable opportunities in the global advanced (3D/4D) visualization systems market over the forecast period.

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In the global advanced (3D/4D) visualization systems market report, FMI Insights has segmented the global advanced (3D/4D) visualization systems market by platform, end-user, application, and region. The advanced (3D/4D) visualization systems market is still in the emerging stage in several developing nations. On the other hand, several players operating in the global advanced (3D/4D) visualization systems market are continuously striving to develop innovative products that are more precise, and serve multiple application areas simultaneously.

Some of the key advanced (3D/4D) visualization systems market players in this research report include, Siemens AG; General Electric Company; Koninklijke Philips N.V.; LG Electronics Inc.; Thermo Fisher Scientific; FUJIFILM Corporation; CONMED Corporation; Pro Medicus, Ltd.; Carestream Health; and Ziosoft.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                        

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Due to the expanding integration of IoT and connected devices as well as the increased consumption of web- and application-based rich media, it is projected that the demand for application delivery networks would rise

Future Market Insights (FMI) recently published a study that forecasts a robust growth outlook for the global application delivery network (ADN) market over a decade-old period, 2018-2028. Estimated at an impressive CAGR of 10.6%, the market for application delivery network will reportedly observe strong growth in the years to come owing to expanding applicability.

2022 Market Value US$ 7,361.8 Mn
2028 Market Value US$ 13,942.7 Mn
CAGR% (2022-2028) 11.2%
Share of Top 5 Market Players 20%

Extensively in use for applications in retail, arts, entertainment, and recreation, application delivery network technology are also finding wide applicability in several other industry verticals such as finance & insurance, educational services, public administration, healthcare & social assistance, and manufacturing.

Deployment of application delivery network platforms catalyzes the application delivery process at data centers, in addition to facilitating the application responsiveness and application load time. The key objective of the application delivery network is to enhance the user experience and deploy technologies that improve network security and latency. These advantages will continue to boost the adoption of application delivery network by businesses in the near future.

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Vendors Maintaining the Focus on Specialized Application Delivery Network for Different End-Users

In the application delivery network market, established vendors are undertaking research initiatives to develop specialized application delivery network equipment for different end-users, such as cloud service providers and telecommunication service providers, among other enterprise networks. Application delivery networking platforms integrated with application control and classification features are enabling enterprises to control the flow of applications over the network.

Application visibility and control features are allowing enterprises to fulfill the regulatory needs while knowing the type, nature, and other parameters of applications running across the application delivery network. These benefits offered by application delivery networks enable enterprises to offer better service, control expenditure and provide effective security. Mission-critical applications are protected and non-business applications do not overrun the application delivery network. This trend is expected to play a major role in accelerating the adoption of application delivery network services on a global scale.

Application-related advancements in application delivery networks, responses to customer devices and innovations in real-time decision-making, and features such as compression, routing, & other probable transformations are expected to offer lucrative opportunities in the global application delivery network market. Big Data is expected to be leveraged to further enhance advanced networking and network analytics. This factor is expected to drive automation and enhance application delivery networking abilities during the forecast period.

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Equally Strong Adoption of Application Delivery Network among SMEs & Large Enterprises

Various SMEs in emerging markets are focusing on utilizing application delivery network platforms and the internet to enhance their market diffusion. Large organizations are focusing on providing an interactive and engaging digital experience that relies on heavy multimedia content. This is likely to increase the loading time of webpages and other applications due to increasing congestion and traffic on the internet.

Customer engagement is vital for the sustenance of enterprise businesses and is becoming increasingly challenging with continuous fluctuations in online economic conditions characterized by intense competition. This is expected to increase the deployment of content and application delivery networks for the efficient delivery of web- and application-based static and dynamic content during the forecast period.

Application delivery networks ensure the availability, speed, and security of applications. A suite of technologies is delivered over a special network, which is designed to maximize the overall performance of applications. The distribution of network traffic across multiple servers is often required to enhance application responsiveness. Unlike content delivery networks, which deliver static content, application delivery networks optimize the delivery and acceleration of dynamic content.

Application Delivery Network Outlook by Category

By Product

  • Application Delivery Controllers
  • WAN Optimization Controllers
  • Application Security Equipment
  • Application Gateways

By End-user Environment

  • Cloud Service Providers
  • Telecommunication Service Providers
  • Other Enterprise Networks

By Deployment Type

  • On-premise
  • Cloud

By Vertical

  • Finance and Insurance
  • Educational Services
  • Arts, Entertainment and Recreation
  • Public Administration
  • Retail Trade
  • Health Care and Social Assistance
  • Manufacturing

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

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About 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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2022–2028 Global HVDC Transmission Systems Market Analysis and New Opportunity Assessment

Growing at a CAGR of 8.9%, the worldwide HVDC Transmission Systems Market is projected to increment from a valuation of US$ 10.3 Bn in 2022 to US$ 17.2 Bn by 2028. The HVDC transmission framework request represented practically 15% market portion of worldwide power transmission market.

2022 Market Value US$ 10.3 Bn
2028 Market Value US$ 17.2 Bn
CAGR% (2022-2028) 8.9%
Share of Top 5 Market Players ~40%

The around US$ 7.5 billion HVDC transmission systems market is expected to areas of strength for notice in the income in 2019 and ahead. FMI has led organized market research on the worldwide HVDC transmission systems market. The report, named ‘HVDC Transmission Systems Market Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,’ assesses the market and undertakings a promising development standpoint for the market over coming years.

Based on FMI’s review, the worldwide market for HVDC transmission systems will observer noticeable interest age from power transmission ventures. Expanding interest for HVDC transmission systems in arising economies is supposed to especially drive the income development of worldwide HVDC transmission systems market soon, as per the report.

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Expensive Installation Remains Longstanding Factor Limiting Rapid Growth of HVDC Transmission Systems Market

On the flip side, HVDC transmission systems require the installation of various components, such as converters, smoothing reactors, and harmonic filters, to reduce or absorb the harmonics that are produced during the transmission process. These components, which are costly, add to the already high cost of installation.

High installation cost of HVDC transmission systems is thus estimated to be a prime factor hampering the growth of the market over the forecast period. Moreover, HVDC transmission systems require expensive conversion stations and spare parts for maintenance, which is also expected to challenge the growth of the global HVDC transmission systems market during the forecast period.

North America & APEJ to Remain Key Markets for HVDC Transmission Systems Manufacturers

An in-depth analysis of the market suggests that the overall size of the global HVDC transmission systems market will grow at a substantial rate during the forecast period. Several optimistic variations are likely to contribute to the growth of the HVDC transmission systems market.

By region, North America is estimated to dominate the global HVDC transmission systems market throughout the forecast period. North America, followed by Asia Pacific excluding Japan (APEJ), is estimated to remain among the dominant regions. APEJ, followed by Japan, is expected to expand at a high CAGR over the forecast period.

By system component, the solution segment is estimated to dominate the HVDC transmission systems market with a value of US$ 5,278.8 Mn in 2018. Among the solution segments, the AC & DC harmonic filters segment is expected to create an incremental $ opportunity worth US$ 674.6 Mn during the forecast period. However, the services segment is estimated to expand at a significant CAGR in the global HVDC transmission systems market over the forecast period.

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By technology, the Voltage Source Converters (VSC) segment is expected to hold a dominant value share in the global HVDC transmission systems market. The segment is projected to expand with a high CAGR owing to the increasing applications of VSCs in wind farm grids for underground power transmission.

By deployment, subsea & underground cables are gaining popularity as these cables transmit lower losses than overhead cables. In value terms, the subsea segment is projected to create an incremental $ opportunity worth US$ 3,068.8 Mn in the global HVDC transmission systems market over the forecast period.

How Has COVID-19 Crisis Impacted The Sales Of HVDC Transmission Systems?

The global components of HVDC transmission systems are forecast to declining in the last one and half years owing to supply chain disruptions caused by the COVID-19 outbreak. There is government rules and municipal governments established strict restrictions, and all non-essential activity were halted. Because end users’ activities were halted, this had a negative impact on the HVDC transmission systems industry.

The HVDC transmission systems market is expected to witness a rebound from the second to the third quarter of 2022. There is continuous development and implementation of new technology/solution such as AC & DC harmonic filters, DC lines and circuit breakers for improve transmission line efficiency, and allowing power to be transferred more quickly.

Competitive Landscape

The HVDC transmission system solution providers also focus on launching innovative solution and expanding its HVDC transmission system solution offerings to deliver enhanced technology as well as offer new and upgraded solutions in new markets. The business alliances strategy helps the company in product development, technological management, and in expanding its customer base.

  • In November 2018, ABB Ltd., a pioneering technology leader enabled the world’s first high-voltage direct current (HVDC) grid in China.
  • In March 2021, Siemens Limited has announced that it has successfully commissioned India’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) technology.

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Key Segments Covered

By System Component

  • Solutions
  • Services

By Technology

  • LCC
  •  VSC
  • Others

By Deployment

  • Overhead
  • Underground
  • Subsea
  • Combination

By Power Rating

  • Below 1000 MWs
  • 1001 to 2000 MWs
  • 2001 MWs and above

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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About 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
Report: https://www.futuremarketinsights.com/reports/apac-hvdc-transmissions-system-market
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The electronic skin market is expected to grow significantly between 2018 and 2028

With the global revenue estimated at over US$ 500 million, electronic skin (e-skin) market is projected to see an aggressive Y-o-Y growth at 20.7% in 2019, according to a study of Future Market Insights (FMI). Thriving as a niche marketplace currently in its nascent stage, electronic skin market will reportedly remain a high growth-low value landscape.

With remote healthcare monitoring spreading its roots and micro-electronics reaching the peak of technological advances, the study highlights impressive potential of healthcare industry to fortify applicability of electronic skin technology in the years to come.

Anticipated to play a vital role in instrumenting demand for electronic skin technology, remote patient monitoring equipment has been one of the strongest growth determinants associated with performance of electronic skin market.

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Looking at the dramatically rising rate of chronic disease prevalence and aging population more susceptible to acquiring chronic conditions, the report opines that potential applications in healthcare will particularly benefit from the electronic skin technology development. Flexibility and ultra-thin nature are emerging as paramount attributes pushing electronic skin adoption, making it an ideal candidate for wearable medical devices.

  • Besides potential applicability in breast cancer diagnostics, the market is favoring from research on electronic skin’s usability in healthy tattoos and non-invasive wound tracking
  • Stretchable conductors and stretchable circuits hold a combined share of more than half of the total electronic skin market revenue

In the backdrop of increasing investments in R&D of developing self-healing, comfortable monitoring systems by using electronic skin, FMI envisages electronic skin gaining the platform technology status in healthcare realm. At present, around 32% of the total revenue is being generated by adoption of electronic skin in healthcare. The report forecasts bullish prospects for revenue growth through e-skin adoption in healthcare, at around 20% Y-o-Y in 2019.

Consistent growth in research investments directed to discover new application platforms for electronic skin technology is cited as a high-impact demand growth determinant for electronic skin market. Consumer electronics, though currently registering moderately rising usage of electronic skin technology, are on the brink of emerging as the most lucrative investment pocket for electronic skin technology innovators in coming years. The report foresees that e-skin technology adoption will be on a constant high in consumer electronics, accounting for an exponential rate post 2020.

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Moreover, riding on a host of next-generation potential applications in assistive health, communication framework & protocol, and social intelligence robotics among others, electronic skin technology continues to garner research interests. Highly sensitive pressure sensing and impeccable flexibility are also pushing functionality of electronic skin technology in H2M (human-machine) interactions. Increasing research efforts concentrating on discovering potential of electronic skin in assisting robotic surgeries point to a magnificent application area developing for electronic skin technology innovation.

Some of the prominent players such as Koninklijke Philips N.V. and Dialog Semiconductor are entering strategic partnerships and R&D collaborations to introduce new product lines. Patent security remains paramount for 3M before new product launches, says the report. However, a majority of competitors operating in global electronic skin market landscape are concentrating on R&D to explore novel e-skin applications that will offer a competitive edge.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The market for optical emission spectroscopy is anticipated to expand at a CAGR of about over 2022–2027

Companies in the optical emission spectroscopy market are offering specialised solutions to cater to the requirements of diverse applications in medical, automotive, waste management, etc. Launch of new solutions is pushing revenues in the global market, as highlighted in a new report by Future Market Insights (FMI). According to FMI analysis, strategic mergers, acquisitions and partnerships between optical emission spectroscopy equipment and service providers and various research institutes are expected to enable market players to increase their revenue generation and sales. These collaborations will also fuel the development of new technology-related innovation strategies.

The report profiles some of the leading companies operating in the optical emission spectroscopy market such as Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, LECO Corporation, Hitachi High-Technologies Corp., Yokogawa Electric Corporation, Stellarnet Inc., Rigaku Corporation, Bruker Corp., Sartorius AG, PerkinElmer Inc., Danaher Corp., AMETEK Inc., JEOL Ltd., and Shimadzu Corp.

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The report throws light on the various factors impacting revenue growth of the global market.

With an estimated 5% compound annual growth rate, the optical emission spectroscopy market is expected to reach a valuation of just under US$ 576 Million in 2019. FMI attributes growth in revenue of the optical emission spectroscopy market to a rapidly expanding laboratory automation sector and increasing technological advancements in spectroscopy equipment. The abilities offered by optical emission spectroscopy, such as the ability to analyse a vast range of elements, from lithium to uranium in solid elemental metal instances, and the ability to cover a vast concentration range with high accuracy and precision and low detection limits, are encouraging the adoption of specialised optical emission spectroscopy equipment and services by various industries.

Increasing Global Spending on R&D Activities to Fuel Adoption of Optical Emission Spectroscopy

The last few years have witnessed concerted efforts by governments of leading economies such as the United States, France, Germany, the United Kingdom, Japan, Russia, China, and India towards research initiatives to drive the development of commercial healthcare infrastructure. Further, various global research organizations are focussing on expanding their budgets to accommodate the management of day-to-day laboratory operations and challenges. These initiatives are pushing revenues in the global market for optical emission spectroscopy.

Collaborations Between Equipment Providers and Research Institutes to Define the Global Optical Emission Spectroscopy Market

The increasing adoption of spectroscopy technology in the agriculture, chemicals, pharmaceutical, and clinical analysis sectors are paving the way for mergers and acquisitions in the optical emission spectroscopy market. Growing demand for advanced laboratory equipment coupled with technological innovation is impelling providers of optical emission spectroscopy equipment to collaborate with one another to meet specific customer demands. Increasing partnerships among spectroscopy equipment providers and research institutes can also be witnessed in the global market.

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Key Segmental Insights from the Report

  • On the basis of source of excitation, Arc/spark optical emission spectroscopy is expected to hold the largest market share; however, inductively coupled plasma optical emission spectroscopy is expected to continue finding new applications across different industry verticals.
  • The food industry is expected to hold the largest market share in the optical emission spectroscopy market on account of high demand for efficient and highly regulated food safety analysis.
  • Among the regions, Asia Pacific Excluding Japan is projected to remain the largest market for optical emission spectroscopy followed by North America.

Quick Insights on the Optical Emission Spectroscopy Market Structure

  • Tier-1 optical emission spectroscopy providers such as Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., and Hitachi High-Technologies Corporation collectively account for around 35%-37% value share of the global market, with a significant global coverage. These players hold an individual market share of more than 5%.
  • Tier-2 companies such as Shimadzu Corporation and Bruker Corporation hold a market share of more than 2% but less than 5%.
  • Tier-3 companies are relatively new entrants in the optical emission spectroscopy market and comprise local and regional players. These companies hold a market share of less than 2%.

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Key Segments

With regards to component, the global optical emission spectroscopy market has been segmented into the following:

  • Solutions
  • Services

By source of excitation, the global optical emission spectroscopy market has been segmented into the following:

  • Arc/Spark Optical Emission Spectroscopy
  • Inductively Coupled Plasma (ICP) Optical Emission Spectroscopy

In terms of vertical, the global optical emission spectroscopy market has been segmented into the following:

  • Metallurgy
  • Food
  • Aeronautics and Aerospace
  • Pharmaceutical
  • Others

Key Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of APEJ
  • Japan
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of MEA

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About 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.

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By 2027, the automotive gudgeon pin market is projected to earn US$4,024.3 million, according to an FMI research estimate

In 2022, the automotive gudgeon pin market, which is currently worth over US$ 3.3 billion, is anticipated to have a moderate, just-under 5% yearly sales increase. The importance of the aftermarket in determining the overall sales picture of the automotive gauge landscape is highlighted in a recent analysis by Future Market Insights.

Automotive Gudgeon Pin Market Base Year Value (2021A) US$ 3,149.4 Mn
Automotive Gudgeon Pin Market Estimated Year Value (2022E) US$ 3,310.3 Mn
Automotive Gudgeon Pin Market Projected Year Value (2027F) US$ 4,024.3 Mn
Value CAGR (2022-2027) 5.0%
Collective Value Share: Top 3 Countries (2022E) 48.0%

The Automotive Gudgeon Pin Market is expected to increase by 4.3% annually in 2022, reaching a value of roughly US$ 3,149.4 Mn by the year’s end, according to Future Market Insights (FMI).

The study also discusses how a developing trend in green combustion engine technologies is influencing the competitive environment of the automotive gudgeon pin market.

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Research spots a few prominent attributes favoring adoption of gudgeon pins in automobile –

  • Growing proclivity for automation
  • Increasing demand for high efficiency, smart engine systems
  • Material innovation to deliver stronger, lightweight, and corrosion resistant products
  • Introduction of enduring gudgeon pins with high load capacity

Automotive Gudgeon Pin Market Remains a Consolidated Landscape

The market structure analysis uncovers that the global automotive gudgeon pin landscape is fairly consolidated owing to significant presence of Tier 1 and Tier 2 companies. Accounting for more than 55% share in the global market value, Tier 1 players such as Mahle GmbH and Federal Morgul continue to augment investments in strategic acquisitions and collaborations, according to the report.

A majority of competitors operating in the global landscape of automotive gudgeon pin market are likely to focus on new product development and launches for an enhanced market position through a unique brand value. Moreover, the report points to a growing focus of a number of gudgeon pin manufacturers on extending product lifespan through diamond surface finishing.

Based on the mechanism, full floating mechanism remains highly preferred among manufacturers of automotive gudgeon pins, which has been attributed to the capability of full floating mechanism to facilitate power transmission to crankshaft from piston. The adoption of semi-floating mechanism on the other side is projected to progress at a moderate pace during upcoming years.

High-end Automakers Shifting to Titanium-based Gudgeon Pins

As indicated by the material-wise analysis of the global automotive gudgeon pin market, steel has been a prominent choice among manufacturers owing to superior efficiency to function within high temperature ranges, i.e. up to 300Celsius.

However, titanium is gradually emerging as a more lucrative and favored material type among key manufacturers of automotive gudgeon pins. Titanium-based gudgeon pins, projected for rapid growth in adoption especially for high performance vehicles, is earning higher popularity owing to an exceptional ability to function at temperatures as high as 15000 Celsius that is manifold compared to that of steel.

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Aftermarket Reflects Noteworthy Potential in Terms of Sales

Research evaluates the impact level of growing purchasing power of consumers on the overall sale of automotive gudgeon pins. With an increasing number of consumers actively investing in high-end cars, it is more likely that the subsequently growing demand for premium vehicle maintenance and servicing would fuel the demand for aftermarket parts at a high pace. Automotive gudgeon pins are thus likely to discover lucrative adoption opportunities in both the segments, aftermarket as well as OEMs, says the report.

Over 50% of the US consumer base prefers aftermarket supplies of automotive components over expensive parts supplied by OEMs. While the US has been among the key automotive markets over the years, the aforementioned statistical figure will reportedly account for a significantly growing revenue share of aftermarket in the automotive gudgeon pin landscape.

Two-wheeler Parc Boosts Market Growth in Emerging Economies

Dramatically fostering automotive production in major developing regions including Asia Pacific, Africa, and Latin America is projected to boost automotive gudgeon pin sales in OEMs segment. Passenger cars currently take up an approximate share of 50% in the total market value.

The bolstering two-wheeler parc across prominent emerging economies such as China, India, Turkey, Brazil, Mexico, and ASEAN countries is most likely to hold a positive impact on the sales of automotive gudgeon pins in coming years.

A promising growth outlook estimated for emission-less vehicles such as solar-powered automobiles and electric vehicles, which are currently in a nascent phase, will however hold a considerably negative influence on the current revenue growth scenario of automotive gudgeon pin market in both developed and developing regions.

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Automotive Gudgeon Pin Market By SegmentationBy Material Type:

  • Steel
  • Titanium
  • Aluminum

By Product Type:

  • Fixed Pin
  • Semi-Floating Pin
  • Full Floating Pin

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Two Wheelers

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APAC
  • MEA

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About 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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Report: https://www.futuremarketinsights.com/reports/gudgeon-pin-market
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Insights into the Motor Control IC Market, 2022–2027 Deep Analysis of the Major Industry Vendor

Future Market Insights (FMI) has recently published a report titled “Motor Control IC MarketGlobal Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027.” Motor Control IC is a device or a group of devices that governs the performance of an electric motor in a specific manner. The motor control IC also helps to control the LEDs, heater and DC motor for folding and mirror adjustment. A motor control IC includes an automatic or manual means for starting and stopping the electric motor.

2022 Market Value US$ 4,932.4 Mn
2027 Market Value US$ 6,344.2 Mn
CAGR% (2022-2027) 5.2%
Share of Top 5 Market Players ~55%

The global motor control IC market is expected to grow at a CAGR of 5.0% during the forecast period. The motor control IC market was valued at US $ 3,905.0 Mn in 2017, and is projected to grow significantly to reach US $ 6,344.2 Mn by 2027 due to the increasing usage of motor control ICs in the manufacturing of medical equipment and in the automotive industry.

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In this report, FMI has segmented the global motor control IC market by type, by industry and by region. By type, the motor control IC market is sub-segmented into brushed DC motor, brushless DC motor and stepper motor. The brushed DC motor sub-segment of the global motor control IC market is projected to register 52.6% market share at the end of 2018.  In addition, in terms of volume, the brushless DC motor sub-segment is also expected to register a CAGR of 6.0% in motor control IC market during the forecast period and it is expected to create an incremental opportunity of US $ 617.7 Mn between 2018 and 2027.

By industry, the global motor control IC market is segmented into automotive, building control, industrial automation, consumer electronics, healthcare and others. In terms of value, the motor control IC market in industrial automation industry is projected to grow at a CAGR of 6.3% during the forecast period. In addition, the increasing demand for motor control ICs in the industrial automation sector is one of the major factors driving the market. Moreover, the industrial automation industry is expected to create an incremental opportunity of $ 644.9 Mn between 2018 and 2027 in the motor control IC market..

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According to FMI analysis, strategies such as product innovations, improvements in quality and others are expected to increase revenue, which is likely to enable the vendors of motor control IC to reach new growth markets. Infineon Technologies AG, which is one of the prominent vendors of motor control IC, is offering motor control IC for different application areas such as commercial and industrial purposes. As per FMI analysis, Infineon Technologies AG is upgrading its existing products to boost its customer base by improving the experience of its customers. Some of the participants in the global motor control IC market report are Rockwell Automation, General Electric Company, ON Semiconductor, Siemens AG, Toshiba Corporation, ABB Ltd., Schneider Electric SE, Maxim Integrated and NXP Semiconductors.

Motor Control IC Market Survey By CategoryBy Type:

  • Brushed DC Motor Control IC
  • Brushless DC Motor Control IC
  • Stepper Motor Control IC

By Industry:

  • Automotive
  • Building Control
  • Industrial Automation
  • Consumer Electronics
  • Healthcare
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

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About 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.

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Industrial transceivers market segmentation, prognosis, and industry research through 2027

With a projected annual revenue growth rate of 6.6% in 2019, the industrial transceiver market is likely to be driven by several unique factors closely related to the demand and revenue scenario of the global environment.

The most prominent of these factors include stringent regulatory demands, complex pricing structures, and very specific raw material and design requirements, but a new study from Future Market Insights also highlights the growing importance of strategic relationships between industrial transceiver manufacturers and suppliers. . A fragmented supply base affecting the global landscape.

The healthy growth prospects for the global industrial transceiver market are mainly attributable to the growing smart city projects worldwide. “With the recent increase in industrial automation, the demand for low-power, energy-efficient automation equipment continues to grow. This will remain one of the key factors driving the demand and revenue growth of the global industrial transceiver market,” said Chief Research Analyst.

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Power management applications present significant opportunities.

Application-based adoption of industrial transceiver technology will remain at a maximum in the area of ​​applications related to power management. The report forecasts strong annual revenue growth for the Power Management Applications segment compared to other applications in Industrial Transceivers including EV, Renewable Energy, Smart Grid, Motor Control and Drive, Data Processing and Communications, Lighting, Automation.

Procurement of multimode industrial transceivers for increased speed

Among wavelength division multiplexing technology, single-mode industrial transceiver technology and multi-mode industrial transceiver technology, the latter brings multi-mode transmission and includes a larger core for superior functionality. The industry also favors the integration of multimode industrial transceiver technology over other technologies to facilitate the short-range requirements of network infrastructure.

The report states that the procurement of multi-mode industrial transceiver technology is more likely to accelerate in the next few years due to larger cores, driving the overall demand for multi-mode industrial transceivers in the global environment.

Latin America in the spotlight

With an outstanding presence as a leading provider of transceiver solutions in the industry, North America is likely to have the largest share of the industrial transceiver market in terms of revenue. The report also reaffirms Europe’s significant market value share in the coming years.

However, Latin America is poised to emerge as a very lucrative pocket for investors due to the widespread deployment of industrial automation-assisted equipment, particularly in data management and telecommunication sectors. This report predicts that the revenue of the industrial transceiver market in Latin America will grow significantly annually.

MEA has also positioned itself as a region with excellent growth potential in the industrial transceiver market over the next few years, owing to an increase in R&D projects in the field of renewable energy and an increase in the establishment of advanced power management projects.

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FMI conducts a thorough assessment of the competitive environment.

The report points out significant revenue shares of Texas Instruments Incorporated and Infineon Technologies AG in the industrial transceiver market. An extensive analysis of the key players operating in the global industrial transceiver landscape reveals the most prominent development strategies adopted by the leading players in the industrial transceiver sector.

In the report, FMI introduces some of the leading players competing in the global Industrial Transceiver sector to provide insights from a strategic perspective. Analog Devices, Inc. and AMS Technologies, the report includes Cisco Systems, Fujitsu Optical Components Limited, Finisar Corporation, Maxim Integrated, Huawei Technologies Co., Ltd., MaxLinear, Renesas Electronics Corporation, Microsemi, Nordic Semiconductor, ZTE Corporation and STMicroelectronics.

  • Suppliers and manufacturers will continue to benefit from long-term contractual partnerships, which will further accelerate the company’s technological innovation efforts, ultimately supporting new product development and launch.
  • As interest in product customization grows, we continue to add value to the existing portfolios of key players in the industrial transceiver market, helping them expand their existing customer base.
  • It is expected that the majority of existing industrial transceiver solution providers will focus on providing specialized application-specific industrial transceiver solutions.

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About 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
Report: https://www.futuremarketinsights.com/reports/industrial-transceivers-market
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