Food Grade Gases Market Size By Manufacturers, Share, Growth, Trends, Types and Applications, Forecast to 2029

The global food grade gases market size is expected to reach US$ 9.19 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.6% CAGR between 2019 and 2029. According to the report, growing demand for convenience food products and carbonated beverages have significantly fuelled the market for food-grade gases. Further, with the introduction of new products in the food industry and advancements in packaging technologies, there has been a growing need for food-grade gases for various end-uses. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. However, supply chain disruptions and decelerated demand due to coronavirus may negatively impact growth

It includes in-depth insights into the food grade gases market. Some of these are:

  • The estimated value of the market was at US$ 5.3 Bn in 2019. Through the course of the report’s forecast period, the market is likely to exhibit to a steady pace of growth.
  • North America accounted for the largest market in the global food grade industrial gases market owing to higher demand for processed food.
  • Europe is emerging as the second largest market for food grade industrial gases. However, it is considered as established markets.
  • Asia Pacific is growing at a faster rate to grab major market in this region.

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“The increasing use of gases such as carbon dioxide, nitrogen, etc., in carbonated drinks has resulted in a positive impact on the food grade gases market,” said a lead analyst at FMI.

Nationwide Lockdown due to Coronavirus has stunted the Market Growth

The raising prices of raw materials needed to produce are hampering demand development. Worsening situation is disruptions in the supply chain caused by the recent COVID-19 impact. With manufacturers facing difficulties in obtaining available raw materials and fewer labourers, the production might be hampered. Reduced transport due to lockdowns imposed across different nations is also limiting the growth of the sector. If COVID-19 continues to spread around the world, it is unlikely that prevailing economic problems will abate quickly at any time. Unprecedented events occur with the illness passing through one horrid phase after another.

Who is Winning?

Global Food-Grade Industrial Gases Market is a highly competitive market which a major share taken by the active player such as Linde plc, Linde plc, Air Liquide S.A. and others. Mergers and acquisitions and product innovations are the next strategies preferred by companies to strengthen their market dominance. This strategy helps companies to expand their presence in the market across the globe. For instance, Linde plc acquired Praxair which is America’s one of the largest industrial gas companies to capitalize theirs in the American market. Also, the key players are focusing on expanding their network of innovation centers, which enable them to collaborate with customers on new product development and reformulations and make investments.

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Get Valuable Insights into Food Grade Gases Market

Gas Type

  • Nitrogen
  • Carbon dioxide
  • Oxygen
  • Others

Product Type

  • Dairy and frozen products
  • Beverages
  • Fruits & vegetables
  • Meat
  • Fish & seafood
  • Bakery and confectionery
  • Others

Application

  • Freezing and chilling
  • Packaging
  • Carbonation
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Frequently Asked Questions

  • What is the Growth Outlook for Food Grade Gases Market?
  • By 2032, how much can the Food Grade Gases Market Grow?
  • What is the Current Valuation of the Food Grade Gases Market?
  • Which Region is likely to Lead the Food Grade Gases Market?

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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.

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T: +1-845-579-5705

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Citrus Yogurt Market Scope Emerging Trends, Analysis and Forecast 2032| Future Market Insights, Inc.

The sales of functional, probiotic foods, and beverages in recent years have risen substantially owing to higher prevalence of health awareness among consumers. Changing dietary behaviors and the increasing popularity of ready-to-eat foods have been fuelling the demand for citrus yogurt, finds Future Market Insights (FMI) in a new study.

Citrus yogurt manufacturers are increasingly leveraging the potential of their offerings as potential alternatives to ice creams and food spreads, while also focusing on strategies towards product launches and geographical expansion.

According to the U.S. Dairy Export Council, the global fermented beverage and drinkable yogurt sales have grown with a 12% CAGR since 2015. In a recent market study, Future Market Insights (FMI) has stated that the global citrus yogurt market surpassed US$ 1.9 Bn in 2020.

As per the Food and Agriculture Organization of the United Nations, 6 billion people globally consume milk and milk products. However, the vast base of lactose intolerant consumers will generate long term opportunities for non-dairy citrus yogurt products for years to come.

Key Takeaways

  • Dairy-based citrus yogurt is estimated to hold major market share. However, plant-based alternatives are estimated to display a stronger growth rate through 2028.
  • Sales through hypermarket/supermarket channels will remain dominant, owing to sophisticated and robust supply chains.
  • Conventional formulations will hold the lead over organic options, accounting for close to 90% through the forecast period.
  • Asia Pacific excluding Japan is a dominant regional market, which is projected to grow to more than 38% of the overall market share by 2028.

“In a fairly fragmented citrus yogurt market, companies are adopting diverse strategies to carve a niche. While product launches remain key focus, some of the market players are focusing efforts toward expansion to strengthen their foothold. To woo consumers there is immense focus on launching additive free products, which will bode well for the market in the coming years,” said a lead analyst at FMI.

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COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in significant changes in the food preferences of consumers around the world. Concerns over health, immunity, and transmission of the virus have bolstered the demand for health foods including probiotic products such as flavored yogurt.

The availability of high-protein product offerings in the sector is a major factor that is likely to drive demand in the short term. Also, plant based variants of citrus yogurts are expected to gain traction through the crisis.

Also, higher demand for RTE foods and, changes in consumer spending habits aimed towards essentials including food and beverage purchases will positively influence the growth of the citrus yogurt sector in the short term.

Who is Winning?

The citrus yogurt market is fairly fragmented and characterized by the presence of small and mid-scale manufacturers. Leading market players are effectively widening product portfolios for long term growth with a focus on natural and clean label ingredients.

Some of the leading players in the citrus yogurt market include General Mills Inc., Kite Hill, Danone S.A., Forager Project LLC, The Hain Celestial Group Inc., Chobani LLC, Nestle S.A., and Daiya Foods Inc. among others.

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More Valuable Insights on Citrus Yogurt Market

Product Type

  • Dairy
  • Non-Dairy

Form

  • Drinkable
  • Spoonable

Nature

  • Organic
  • Conventional

Distribution Channel

  • Food Service (HoReCa)
  • Hypermarket/Supermarket
  • Convenience Store
  • Food & Drink Specialty Stores
  • Online Retail
  • Others

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, Argentina & Rest of LATAM)
  • Europe (EU-4, U.K., Russia, Benelux, Poland and Rest of Europe)
  • Japan
  • Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, and New Zealand,)
  • Middle East & Africa (GCC countries, South Africa, and Rest of MEA)

Frequently Asked Questions

  • How will the citrus yogurt market expand through 2028?
  • Which region exhibits high demand for citrus yogurt?
  • How is COVID-19 impacting the citrus yogurt growth projections?
  • Which are some of the prominent market players?

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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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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Machine Tool Oils Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2028

Every year, millions of dollars are spent on the replacement of machine tools due to the low performance of lubricants. Machine tool oils are the ideal solution for increasing the lubrication of equipment. Proper synchronisation is required during the operation of equipment for the efficient working of the procedure.

In case of improper synchronisation, the engine is likely to malfunction, which is likely to result in the emission of harmful gases. This can be avoided with the usage of machine tool oils. Thus, machine tool oils play a vital role in the working of machine tools.

Generally, machine tool oils have been divided into three types: hydraulic oil, mineral oil and slideway oils. The usage of machine tool oils varies on the basis of condition or operations. In terms of notable properties, machine tool oils have tackiness and act as anti-rust and anti-foam additives for enabling the higher loading of machine tools.

Moreover, machine tool oils significantly reduce the odours, provide significant corrosion protection for all ferrous & non-ferrous materials and are resistant to bacteria, which helps maintain cleanliness. The primary application of machine tool oils is to avoid corrosion, provide ease of cleanliness and to increase the lubrication of machine tools. Moreover, machine tool oils handle the mechanism of operation and the rate of operation.

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Furthermore, machine tool oils provide improved surface finish to the job.

Global Machine Tool Oils Market: Dynamics

Some of the most important factors driving the demand for machine tool oils include the growth of the global automotive industry and oil & gas industry. Moreover, rising concerns about the safety of operations and workers is also expected to significantly boost the global machine tool oils market towards the end of the forecast period.

In addition, strict regulations and rules enforced by government authorities regarding the safety of the environment are encouraging manufacturers to improve the efficiency of their operations, which results in an increase in the demand for machine tool oils in the global market.

However, high dependence on petroleum-based products and fluctuating prices are some of the factors restraining the growth of the global machine tool oils market in the next few years.

Rising industrialisation and globalisation has enhanced the quality and efficiency of manufacturing processes. Hence, large-scale industrialisation across the world will act as a key trend for the global machine tool oils market.

Global Machine Tool Oils Market: Regional outlook

On the basis of geography, the global machine tool oils market can be segmented into nine key regions: China, North America, Japan, Latin America, India, Western Europe, Middle East & Africa, South East & Asia and Eastern Europe.

Among these, Europe and North America are continuously witnessing industrialisation and growth in infrastructure, which is creating the demand for customised products, and this is expected to boost the machine tool oils market in these regions. Moreover, the expansion plans of the major vendors of machine toll oils in emerging economies, such as China and India, is expected to have a moderate to high impact on the machine tool oils market during the forecast period.

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Global Machine Tool Oils Market: Key Players

The global machine tool oils market expected to be fragmented throughout the forecast period. Examples of some of the market participants identified across the value chain of the global machine tool oils market are listed below:

  • Lubriplate Lubricants Company
  • Indian Oil Corporation Ltd.
  • Eastern Petroleum Private Limited
  • Ashburn Chemical Technologies
  • Petro?Canada Lubricants Inc.
  • Exxon Mobil Corporation
  • RBM Oil Corporation
  • SARLBORO Petrochemical Group
  • Xinxiang Tianrui Hydraulic Equipment Co., Ltd.

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

The report covers exhaustive analysis on

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

Regional analysis includes

  • North America (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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Global Machine Tool Oils Market: Segmentation

The machine tool oils market is segmented on the basis of product type, applications and regions.

The global machine tool oils market can be segmented on the basis of product type as follows:

  • Hydraulic oil
  • Mineral oil
  • Sideway oil

The global machine tool oils market can be segmented on the basis of applications as follows:

  • Bearings
  • Rust & oil degradation
  • Rubber & resins
  • Steel & non-ferrous metal
  • Electric motors
  • Generators
  • Pumps & fans
  • Gears
  • Hydraulics
  • Sideways

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 Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/machine-tool-oils-market
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Styrene Acrylic Emulsion Polymers Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2028

Styrene acrylic emulsion polymers are water-based polymers produced by emulsion polymerization of styrene and various acrylate esters such as 2-ethylhexyl acrylate methyl, methacrylate, acrylic acid, and butyl acrylate. Styrene acrylic emulsion polymers are mainly used as construction chemicals and adhesives.

They possess exceptional properties such as good durability, UV resistance and low VOCs emission rate owing to which they find application in end-use industries such as building & construction, paper & packaging, personal care & cosmetic and paints & coating.

Styrene acrylic emulsion polymers are cost effective and are widely used as an opacifier in personal care and cosmetic products. Additionally, styrene acrylic emulsion polymers are versatile in nature.

Styrene Acrylic Emulsion Polymers Market: Dynamics

Drivers:

The growing awareness regarding the harmful effects of solvent-based emulsion is expected to be the prime factor driving the growth of the market over the forecast period. Moreover, growth in the personal care & cosmetic industry coupled with growing use of styrene acrylic emulsion polymers as an opacifier in the personal care & cosmetics industry are also expected to boost the growth of the styrene acrylic emulsion polymers market in the coming years.

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Also, regulations pertaining to usage of eco-friendly polymers is expected to support the growth of the styrene acrylic emulsion polymers market over the forecast period. Furthermore, growth in end user industry both in developed and developing economics is estimated to propel the growth of styrene acrylic emulsion polymers market in the coming decade.

Restraints:

The prices of raw materials of styrene acrylic emulsion polymers are highly volatile. This is projected to act as a major factor hampering the growth of the styrene acrylic emulsion polymers market over the forecast period.

Trends:

The players operating in the global styrene acrylic emulsion polymers market are focused on strategic expansion to increase presence across the untapped markets. Moreover, the manufacturers are focused on launching new products to enhance product offering for styrene acrylic emulsion polymers.

Styrene Acrylic Emulsion Polymers Market: Regional Outlook

Over the recent past, there has been a noteworthy growth in the demand for styrene acrylic emulsion polymers especially in Asia Pacific and Europe. Asia Pacific is projected to account substantial share in the global market owing to upsurge in the demand for bio-based and ecofriendly chemicals from various end-use industries.

Additionally, China is expected to be a dominant market for styrene acrylic emulsion polymers over the forecast period. Asia Pacific followed by Europe is expected to dominate the global styrene acrylic emulsion polymers market and is projected to register steady growth over the forecast period.

In North America, the players are focusing on expansion of production facility in order to cater the increasing demand for styrene acrylic emulsion polymers and to enhance their footprint in the global market. Furthermore, the Middle East & Africa and Latin America are projected to register steady growth over the forecast period.

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Styrene Acrylic Emulsion Polymers Market: Key Participants

Examples of some of the key players identified across the value chain of the global styrene acrylic emulsion polymers market include:

  • Acquos
  • Anhui Sinograce Chemical Co., Ltd.
  • Celanese Corporation
  • Chemrez Technologies, Inc.
  • DIC Corporation
  • DowDuPont Inc.
  • H.B. Fuller
  • Linyi Kaiao Chemical Co., Ltd.
  • Mallard Creek Polymer
  • Pexi Chem Pvt. Ltd.
  • The Lubrizol Corporation
  • Xyntra Chemicals B.V.
  • Zhejiang Ruico Advanced Materials Co., Ltd.

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 geography, application, sales channel, and end user.

The styrene acrylic emulsion polymers report covers exhaustive analysis on

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

Regional analysis includes

  • North America (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 styrene acrylic emulsion polymers 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 report also maps the qualitative impact of various market factors on market segments and geographies.

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Styrene Acrylic Emulsion Polymers Market: Segmentation

The global styrene acrylic emulsion polymers market can be segmented on the basis of application and end user.

On the basis of application, the global styrene acrylic emulsion polymers market can be segmented as:

  • Binders
  • Opacifier
  • Construction Chemical
  • Adhesives

On the basis of end user, the global styrene acrylic emulsion polymers market can be segmented as:

  • Building & Construction
  • Personal Care & Cosmetics
  • Paper & Packaging
  • Paints & Coatings

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 Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/styrene-acrylic-emulsion-polymers-market
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Market size for video walls, COVID-19 impact analysis, and projections through 2027

With a predicted CAGR of 12.2% from 2022 to 2027, the worldwide video walls market is expected to generate revenues of US$ 13,965.6 Mn by 2027, up from a total of US$ 6,870.3 Mn in 2021. The market for video walls makes up around 10% of the overall display advertising industry.

2022 Market Value US$ 7,838.2 Mn
2027 Market Value US$ 13,965.6 Mn
CAGR% (2022-2027) 12.2%
Share of Top 5 Players 20%

A study report named “Video Walls Market: Global Industry Analysis (2013-2021 and Opportunity Assessment (2022-2028)” was recently released by Future Market Insights (FMI). The use of specialised settings has increased as technology has become more pervasive. Technology behemoths are putting a financial emphasis on research and development and developing new technologies while incorporating new features into their goods in order to increase their customer base.

Video walls are one such item that has become more popular over the past few years. In newsrooms, conference rooms, and concerts, there is an increasing demand for huge displays and a number of monitors. As a result, over the course of the forecast period, the market for video walls is anticipated to register a remarkable CAGR of 14.1%. By the end of 2027, the market is anticipated to have grown from a worth of approximately US$ 3,738 million in 2017 to one of roughly US$ 13,966 million.

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A Plethora of Advantages of Video Walls to Trigger Growth in Demand and Adoption

Video walls provide several benefits in comparison to traditional large screen displays. Earlier, large screen displays were being extensively used in numerous applications such as sports, digital signage, and stadiums, among others. However, video walls offer a high quality pixel density and uniform brightness for each and every picture. As a result, inclination towards the deployment of video walls in the aforementioned applications has increased significantly and is expected to gain traction in the long run.

Apart from this, a single video wall has the ability to display multiple pictures in different formats and resolutions that are being sourced from multiple areas at the same time. Moreover, video wall displays are never limited to a particular design and the images can be presented in various creative forms providing high flexibility. Traditional large screen displays are increasingly being replaced by the unusual video wall concept, due to which the video walls market is expected to grow at a healthy rate over the course of the forecast period.

Integration of IT Technologies Good Sign for Global Market Growth

Continuous technological advancements have led to the development of video walls with enhanced performance and flexibility. Additionally, the development of new technologies in video walls attract customers into buying them and therefore, can pave the way for the market to reap high revenues. For instance, the development of touchscreen video walls can momentously enhance user friendliness for users, thereby fuelling global market growth.

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Video Walls Outlook by Category

By Component, Video Walls Market is segmented as:

  • Video Walls Hardware
  • Video Walls Software
  • Video Walls Services

By Display Technology, Video Walls Market is segmented as:

  • LED Video Walls
  • LCD Video Walls
  • Others (LPD, DLP)

By Industry, Video Walls Market is segmented as:

  • Government & Public
  • Retail & Consumer Goods
  • Travel & Hospitality
  • Education
  • Healthcare
  • Media & Entertainment
  • Others

By Region, Video Walls Market is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (Excluding Japan)
  • Japan
  • China
  • Middle East and Africa (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/video-walls-market
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Business overview, upcoming trends, growth, analysis, and forecast for the digital writing instrument market through 2027

The market for digital writing instruments is predicted to reach US$ 2,288.5 Mn in value by 2027, with a CAGR of 9.4% from 2017 to 2027.

Attributes Details
Estimated Market Value of Global Digital Writing Instruments Market by 2027 USD 2,288.5 Mn
Estimated CAGR during 2017-2027 9.4%
Estimated Market Value of North America by 2027 USD 859.6 Mn

The report covers the demand analysis for various products in the digital writing instruments market along with an analysis of different segments associated with the market. According to the key outcomes of this market research, the global digital writing instruments market is expected to witness exponential growth in the coming years. The global market is expected to reach a market value of over US$ 2,200 Mn by the end of 2027, growing at a CAGR of 9.4% during the forecast period.

The growth is primarily driven by the preference of individuals toward advanced technologies and their dependency on them. The mobile and tablet market is also at its all-time high, which has in turn influenced the demand for digital writing instruments in the global market. The manufacturers are expected to make full use of the current trends and come up with innovative writing instruments, in order to attract more buyers.

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Digital Writing Instruments Market: Segmental Analysis

  • Based on region, North America dominates the market with its expected market value of over US$ 850 Mn by the end of 2027. However, in terms of growth rate, Western Europe has emerged as the leading region with 10.2% CAGR during the forecast period.
  • On the basis of product type, digital pens and pencils is expected to remain a dominating segment throughout the forecast period, leaving behind digital stylus. However, digital stylus segment is also expected to witness a relatively slow yet growing demand.
  • On the basis of device compatibility, tablets are the current leaders with a market size of over US$ 1,400 Mn by the end of 2027. But in the coming years smartphones and PCs/laptops are the segments that would increase the demand for digital writing instruments. Smartphones is expected to grow at a CAGR of 10.9% during the forecast period.
  • Among various types of application in global digital writing instruments market, the digital learning market has the highest market value of over US$ 800 Mn by the end of 2027. Whereas, digital scanning and art & design is expected to register a high growth rate during the forecast period.
  • The segmentation based on distribution channel shows that e-commerce holds the highest market size by 2027, and retail stores is way ahead in terms of growth rate.

Digital Writing Instruments Market: Competitive Landscape

The report gives the strategic as well as development details of many key players of the global digital writing instruments market. Some of these companies, mentioned in the report are Dell Technologies, Moleskine Srl, Neo Smartpen Inc., FiftyThree, Inc., Luidia, Inc., Hewlett Packard, Lenovo Group, Acer Inc., Adonit, AsusTek Computer Inc., Apple Inc., Microsoft Corporation, Anoto Group AB, Wacom Co., Ltd. etc.

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Market Taxonomy
Weighted market segmentation is essential to garner key insights on each and every aspect. Below is a detailed market taxonomy covering various segments of the global digital writing instruments market.
By Country

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

By Product Type

  • Digital Pens/Pencils
  • Digital Styli

By Device Compatibility

  • PCs/Laptops
  • Tablets
  • Smartphones

By Application

  • Digital Scanning
  • Digital Learning
  • Art & Design
  • Gesture Recognition
  • Others

 By Distribution Channel

  • e-Commerce
  • Retail Stores

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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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Market size for automatic identification systems in 2022, including statistics, share price, growth prospects, industry trends, methodology used, key players, and geographic analysis by forecast to 2027

In 2022, the market for automatic identification systems is anticipated to reach US$ 248.3 Mn. The market demand is being driven by an increase in the adoption of cutting-edge systems for ship identification, tracking, and navigation.

Attribute Details
Automatic Identification System Market Size Value in 2022 US$ 248.3 Mn
Automatic Identification System Market Market Size Value in 2027 US$ 348.5 Mn
Historical CAGR (2012-2021) 4.5%
CAGR (2022-2027) 7.0%

An automatic identification system (AIS) is a tracking system used on ships to increase the safety aspect of sailing. A new research report by Future Market Insights briefs all about the global automatic identification system. This comprehensive research report is titled, “Automatic Identification System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, which presents the current market scenario along considering the dynamics affecting it. According to the outcomes of global automatic identification system market’s analysis, it is expected to reach a market value of over US$ 340 Mn by the end of 2027, growing at a CAGR of 6.4% during the forecast period.

Global Automatic Identification System Market: Trends and Opportunities

The robust growth rate expected for global automatic identification system is a result of mandating government regulations to use AIS due to rising safety concerns. Owing to this, players associated with the automatic identification system market are focusing on research & development and continuously upgrading their product portfolios in order to meet the demands of the competitive automatic identification system market. The emergence of satellite or cloud based communication is also a great opportunity for major players to develop innovative offerings which integrate modern AIS with satellites. Cloud management for AIS is at a development stage, and soon, it will have a high demand in the market due to its advanced and smart features. Companies providing this feature will have huge opportunity by being technologically ahead in the market.

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Global Automatic Identification System Market: Segmental Analysis

  • Based on Region, APEJ is expected to be the strongest region, with market size expected to reach over US$ 130 Mn by the end of 2027, growing at a CAGR of 7.1% during the forecast period. In terms of growth rate, MEA is also expected to be one lucrative segment during the forecast period.
  • Based on Application, the vessel tracking segment dominates the market with a high market size and growth rate. It is expected to reach a market size of over US$ 180 Mn by the end of 2027, growing at a CAGR of 8.8% during the forecast period.
  • On the basis of Category, the vessel-based segment is projected to be the most attractive one in terms of value, with expected market size of over US$ 250 Mn by the end of 2027. Among the types of vessel-based AIS, class A contributes the most in the growth of vessel-based products.

Global Automatic Identification System Market: Competitive Landscape

FMI’s report on the Global Automatic Identification System market includes a major section on the competitive analysis of the market. This section briefs the major players who are leading in the global automatic identification system market. Some of these key players mentioned in the report are Wartsila Corporation, Japan Radio Corporation, L3 Technologies, Orbcomm Inc., Garmin, True Heading AB, Raymarine, Jotron AS, C.N.S. Systems AB, ACR Electronics Inc., ONWA Marine Electronics Co. Ltd etc.

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Market segmentation

Category

  • Vessel Based
    • Class A
    • Class B
  • Shore Based
    • AIS base stations
    • AIS AtoN
    • Others

Application

  • Fleet Management
  • Vessel Tracking
  • Maritime Security
  • Others

Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • 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.

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For The Duration Of The Prediction, It Is Anticipated That The Connected Game Console Market Will Expand At A Considerable CAGR

The connected game console market is expected to witness a short term downturn for the duration of the coronavirus pandemic. The crisis has resulted in major job cuts and consumer expenditure is likely to be focused towards essentials. Consequently, sales of connected game consoles will take a hit, next-gen variants in particular will be hit hard, depending on the duration and severity of the pandemic on the global economy.

‘”With the rise of disposable incomes, the growing sales of high-end display devices is a key factor bolstering adoption of connected game consoles. The market is also gaining traction with easier access and affordability of HDMI, HD display, and compatibility to wireless networks, helping market recovery after the end of the pandemic,” says the FMI analyst.

Connected Game Console – Primary Takeaways

  • Connected consoles are rapidly gaining traction, aided by frequent advancements in technology.
  • VR compatible connected game consoles are popular owing to novelty of the gaming experience.
  • North America is a leading the market for connected game consoles supported by higher disposable incomes and internet penetration.

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Connected Game Console – Growth Factors

  • Growth in spending on games and gaming equipment is a critical factor supporting market growth.
  • Rapid growth in the penetration of broadband internet services generates key growth opportunities for connected game console manufacturers.
  • High investments for research and development efforts is essential to market developments.

Connected Game Console Market

Connected Game Console – Major Constraints

  • High costs of purchasing new gaming consoles is the primary obstacle to adoption.
  • Rising competition from alternative gaming platforms including PC and mobile devices holds back market growth.

The Projected Impact of Coronavirus

Following the covid-19 outbreak, connected game console manufacturers have had to contend with tightening of budgets to sustain operations despite the sharp drop in sales during the crisis period. Some governments are pushing financial stimulus to the gaming sector which could help to partially alleviate the issues of the industry. However, the rapid advances in gaming tech and equipment will aid a strong recovery after the end of the current crisis.

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Competition Landscape

The connected game console market comprises players including but not limited to NVIDIA Corporation, Microsoft Corporation, Nintendo Co. Ltd., and Sony Corporation. Market players are reducing costs of older product offerings in addition to investments into tech development.

For instance, Sony is providing major discounts for the sales of its PS4 range of consoles and games.

Key Segments Covered

  • By connected game console
    • Connected Console
      • Standalone Console
      • Handheld Console
    • Services
      • Prepaid Service
      • Other Direct Service

Key Regions/Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific Excluding Japan (APEJ)
  • Middle East & Africa

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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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Future Industry Landscape Analysis 2032, Current and Outlook for Mobile Payment Transaction Market 2022

Globally, the market for mobile payment transactions is projected to increase through 2020 at a CAGR of 23.2%, taking into account the number of users. Eastern Europe is predicted to have a small user base but is expected to increase rapidly—by 29.1 percent—during the projection period. In 2014. In 2014, APAC had the highest percentage of mobile payment system users, and it is predicted that this trend will continue through 2020, expanding at a CAGR of 22%.

Attributes Details
Mobile Payment Transaction Market Size (2021) US$ 40.5 Billion
Mobile Payment Transaction Market Value (2022) US$ 54.47 Billion
Mobile Payment Transaction Market Value (2032) US$ 1055.36 Billion
Mobile Payment Transaction Market Growth Rate (2022-2032) 34.5%

According to FMI, the proliferation of mobile devices and increasing adoption of mobile money services across financial institutions and other vendors are the key factors driving the mobile payment transaction services market. Merchants and vendors around the world are upgrading their POS systems to facilitate mobile payment, and FMI expects this trend to continue during the forecast period.

Key factors that can impede the growth of the mobile payment transaction services market include issues with data security and privacy, and limited awareness among consumers. FMI estimates these factors to have a moderate impact on the mobile payment transaction services market growth.

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On the basis of key applications, FMI has segmented the mobile payment transaction services market into money transfer, merchandise purchase, airtime top-ups, bill payment, ticketing, and ‘others’.

Globally, considering the number of users, mobile payment transactions market is anticipated to grow at a CAGR of 23.2% through 2020. Eastern Europe is estimated to hold a small portion of user base however is set to witness a high growth rate of 29.1% through the forecast period. In 2014. APAC held maximum number of mobile payment system users in 2014, and is estimated to continue the same trend growing a CAGR of 22% through 2020.

The mobile payments market was valued at US$ 392 billion in 2014 and is expected to reach the US $ 2849 billion by 2020. Growing at a CAGR of 39.2% over the forecast period. The growth of the mobile payment market is mainly attributed to the growing ubiquity of mobile phones and their increasing features replacing the physical wallet. Additionally, consumers are increasingly getting comfortable with using their smartphones for applications other than voice.

Technology-wise WAP/WEB is anticipated to hold more than 40% of the total market share followed by SMS. However, NFC communication is set to grow with a high growth rate of approximately 46% through 2020.

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Africa and Asia Pacific are the two most lucrative regions for mobile payment transaction services market. In terms of value, these two regions collectively accounted for nearly 58% share of the global market in 2014. FMI forecasts that these two regions will continue to dominate the global market during the forecast period.

A key development in the global mobile payment transaction services market is that Asia Pacific will outpace Africa to become the largest market. FMI estimates Asia Pacific mobile payment transaction services market to account for 27% of the global mobile payment transaction service market revenue by 2020.

Among all the regions, North America is poised to witness the significant growth. North America held a 22.8% value share of the global market in 2014, and it is anticipated that by 2020, it will increase to 24.9%.

In terms of transaction volume, Asia Pacific and Africa will continue to remain lucrative, however, strong growth in North America and Western Europe is anticipated to eat into their market share. On the other hand, the collective market share of Latin America, Middle East, and Eastern Europe is projected to reach 10.4% by 2020.

The key companies profiled in FMI’s research report include PayPal, Visa, MasterCard, and Google Wallet. These companies are tying up with leading vendors to consolidate their position in this rapidly expanding market.

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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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Rising Demand in the Global Market for Digital Transformation in the MENA by 2020 | IBM Corporation, Wipro Limited, CGI Group, Inc., Deloitte, Accenture PLC;

The MENA digital transformation market is anticipated to expand in value over the course of the forecast period at a CAGR of 15.1%. The MENA digital transformation market was estimated to be worth US$ 1,028.8 million in 2014, and it is anticipated that this market will grow significantly to reach US$ 2,398.3 million by 2020 as a result of rising Internet usage and social media adoption as well as rising demand for ICT products like mobile phones, laptops, smartphones, and tablets.

The research named “MENA Digital Transformation Market Forecast and Assessment; 2014-2020” was just released by Future Market Insights. The use of online platforms, social media, and mobile devices to communicate with customers is transforming business models, value chains, ecosystems, and other aspects of organisations. Digital transformation, which may be characterized as the reworking of an organization’s goods, processes, and strategies by utilising contemporary technologies, is the integration of digital technology into all facets of a corporation.

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In this report, FMI has segmented the MENA digital transformation market on the basis of digital services, digital software, end-user verticals and region. On the basis of digital services, the MENA digital transformation market is segmented as digital consulting services, digital technology implementation services, digital technology integration services and digital operations & management services. By digital software segment, the MENA digital transformation market is further segmented as digital content and applications, digital sales & commerce, digital marketing, digital customer experience & service and digital integration platforms. Moreover, on the basis of end-user verticals, the MENA digital transformation market is sub-segmented as retail, BFSI, energy & utility, telecom, healthcare, manufacturing, services, media & entertainment, transportation and public sector.

MENA Digital Transformation Market

The growing real-time analytics and amalgamation of marketing, sales and commerce into one platform are further fuelling the demand for digital transformation solutions and are projected to boost the MENA digital transformation market. Rising content digitisation & creation and the increased adoption of digital transformation software & services in major sectors, such as government, BFSI and retail, are some of the major factors expected to fuel the growth of the MENA digital transformation market. Moreover, latest laws and regulations introduced by the local government, such as e-transaction and e-commerce laws, are also creating significant opportunities for the MENA digital transformation market.

On the basis of end-user verticals of MENA digital transformation market, the BFSI and public and transportation sector collectively accounted for over 50% of the regional digital transformation market in 2014. Among all the categories under end-user vertical, BFSI sector dominated the MENA digital transformation market with 24.1% share in 2014 followed by the public sector. Furthermore, the BFSI sector is moving towards enhanced online services and CRM technologies to attract new customers, which is, in turn, driving the MENA digital transformation market. Moreover, E-banking is increasingly becoming common in MENA due to growth in the demand for digital services. Banks are introducing online banking services for an effective customer experience, which is expected to fuel the growth of the BFSI sector in the MENA digital transformation market.

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Furthermore, the MENA digital transformation market has been segmented into four major regions: GCC, Saudi Arabia, North Africa and other Middle East. The GCC region is further sub-segmented into five countries: Bahrain, Qatar, UAE, Kuwait and Oman. In terms of value, the Qatar digital transformation market is estimated to expand with a CAGR of 18.6% over the forecast period. Moreover, UAE is projected to maintain its dominance in terms of total revenue generation in the MENA digital transformation market.

Key market participants covered in the report include IBM Corporation; Wipro Limited; CGI Group, Inc.; Deloitte; Accenture PLC; Oracle Corporation; Dell EMC; CA Technologies; Microsoft Corporation; Hewlett Packard and Capgemini.

The report also describes company-specific strategies, key differentiators, MENA digital transformation market structure and competitive share analysis related to prominent industry stakeholders.

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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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