Antibiotics Active Pharmaceutical Ingredient (API) Market demand to grow at 3.1% CAGR through 2030

The demand for antibiotics API will continue rising at a steady pace between 2021 and 2031. It is often the first choice to treat infections. According to a new study by Future Market Insights (FMI), the Antibiotics API Market is likely to surpass US$ 8.1 Bn in 2021. Antibiotics are intended to make medical procedures much safer.

Any surgery or chronic diseases is susceptible to the bacterial infection, putting the patient at the greater risk. The increasing incidence of infections such as tuberculosis, pneumonia, blood poisoning, gonorrhea, and foodborne diseases would cause surge demand for antibiotics that expects to drive the antibiotics API market.

As per the World Health Organization (WHO), pneumonia caused by bacteria can be treated with antibiotics. Around 15% of the children deaths was accounted due to pneumonia in 2017. According to UNICEF data 2018, worldwide, there are around 1,400 cases of pneumonia per 100,000 children, with the greatest incidence occurring in South Asia (2,500 cases per 100,000 children) and West and Central Africa (1,620 cases per 100,000 children)

Pandemic COVID-19 is believed to have a negative impact on the antibiotics API market. Some of the leading biotech companies, research institutes, and pharmaceutical companies are appointed in collaboration work to deal with the situation. This has shifted their focus and resources from making other drugs to coronavirus vaccines. The shortage of various API’s, and restricted hospital visits due to the increasing pool of COVID-19 patients have jolted the global antibiotics API market.

In terms of API, penicillin antibiotics segment dominated the antibiotics API market with a market share of 51.1% in 2021 owing to the increasing demand and adoption of penicillin as a first-line antibiotic therapy to treat several bacterial infections. Pharmaceutical companies are expected to rule the end user segment. They are expected to hold over 77% of the market and remain dominant through the forecast period.

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Key Takeaways from Antibiotics API Market Study

  • The global antibiotics API market is estimated to be US$ 8.01 Bn in 2020, with the market expected to exhibit a CAGR of 3.1% during the forecast period (2020-2030)
  • The U.S. holds over 92.1% share of the North America market, but Canada is projected to expand faster CAGR
  • The U.K. market will showcase steady y-o-y growth at 2.1% in 2021
  • The demand from Germany and France will rise at a positive rate through the forecast period
  • Within East Asia China will emerge as a key market, while Japan and South Korea will continue exhibiting steady demand

“Increasing prevalence of bacterial diseases, extreme use of antibiotics and rising investment in R&D are expected to boost the growth of the antibiotics API market.” says the FMI Analyst

Rising investment in R&D sector in order to develop advanced molecules is the major factor expected to boost the antibiotic API market growth.

For instance, Sandoz, the Novartis biosimilars and generics division, undergoes a joint investment, with the Austrian federal government, to enhance the long-term future of integrated antibiotics manufacturing in Europe.

Key players in the Antibiotics API are Entering into Strategic Alliance

The top players are focusing on increasing acquisitions at regional levels. Acquisitions empower the company with products and increase the company’s portfolio. The company acquires to possess well-established products and solutions that expects to account good revenue source for the acquirer. This also enables the company to enter new emerging markets as well as enhance the existing markets.

For instance, in August 2019, Nanjing Dorra Pharmaceutical Technology collaborated with Meitheal Pharmaceuticals, the fully integrated generic injectables company, for elevating the manufacturing capacity of the active pharmaceutical ingredients in the region of U.S. The collaboration enabled Meitheal Pharmaceuticals to invest into the Nanjing Dorra Pharmaceutical Technology.

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Who is Winning?

The global antibiotics API market is set to expand its scope in the forecast period, as a result of rising prevalence of various bacterial diseases, and growing investment in R&D. The antibiotics market is highly competitive and consists of several major players. Pharmaceutical companies are more focused towards outsourcing of antibiotics API manufacturing due to the involvement of high capital investment in the establishment of Antibiotics API manufacturing units.

The key market players covered by FMI include Sandoz International GmbH, Centrient Pharmaceuticals, CordenPharma International, ACS DOBFAR SPA, Nanjing Dorra Pharmaceutical Technology Co. Ltd., DAEWOONG PHARMACEUTICAL CO. LTD., Parabolic Drugs Ltd., Penam Laboratories Ltd., ASIATIC DRUGS & PHARMACEUTICALS PVT. LTD., Fresenius Kabi, The United Laboratories International Holdings Limited, Aurobindo Pharma Limited, Unimark Remedies Ltd., Savior Lifetec, Shenzhen Haibin Pharmaceutical Co., Ltd., Sterile India Pvt. Ltd., Zhejiang Jiuzhou Pharmaceutical Co. Ltd., and Kyongbo Pharm, consolidating their positions through mergers, acquisitions and new product launches.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Antibiotics Active Pharmaceutical Ingredient (API) Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Lightweight Automotive Body Panels Market is expected to experience an impressive CAGR growth 4.8 % through 2016-2026

Future Market Insights delivers key insights on the global lightweight automotive body panels market in its latest report titled “Lightweight Automotive Body Panels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” Global sales of lightweight automotive body panels is anticipated to be valued at US$ 99.6 Bn by 2016 end, witnessing a Y-o-Y growth of 3.9% over 2015. APEJ is projected to account for a volume share of 29.2% in the global market towards the close of 2016 and is expected to retain its dominance throughout the forecast period.

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Automotive body panels such as bumpers, hoods, door panels, roof, and trunk lids are manufactured using lightweight materials such as high-strength steel, aluminium, magnesium, and polymers and composites in order to provide desired strength with reduced weight. Lightweight automotive body panels help improve fuel economy and performance of vehicles by reducing the overall weight of the vehicle. About 25% reduction in automobile weight saves 3.5 to 5.0 tonnes of greenhouse gas emissions over the lifetime of an average car. Manufacturers today are adopting lightweight body panels in vehicles in order to comply with government regulations pertaining to greenhouse gas emissions.

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Key Segment
By Material Type
• Metals
• High-strength Steel
• Magnesium
• Aluminium
• Polymers & Composites
• Carbon Fibre Reinforced Plastics
• Glass Fibre Reinforced plastics
• Other Polymer & Composite Materials

By Component Type
• Bumpers
• Hood
• Door Panels
• Trunk Lids
• Roof
• Others

By Vehicle Type
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region
• Passenger Car
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

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Segmentation highlights
The global lightweight automotive body panels market is segmented on the basis of Material Type (Metals, Polymers & Composites); Component Type (Bumpers, Hood, Door Panels, Trunk Lids, Roof, Others); and Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle).
• The Metals material type segment is likely to be valued at US$ 92.7 Bn by 2016 end
• The Door Panels component type segment is anticipated to be a prominent segment accounting for maximum market share of 32.9% by 2016 end
• The Passenger Car vehicle type segment is expected to expand at a significant CAGR of 5.5% over the forecast period

Top Reports Related To Automotive Market Insights
Advanced Driver Assistance System (ADAS) Testing Equipment Market : As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Automotive Washer System Market expected to register 5.4% value CAGR during the forecast period 2016-2026

Automotive Washer System Market by Technology, Application & Geography – Analysis & Forecast to 2026 || Robert Bosch GmbH, Denso Corporation, Valeo S.A., continental AG

Future Market Insights (FMI) delivers key insights on the global automotive washer system market in its latest report titled, “Automotive Washer System Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. Global sales of automotive washer systems including headlamp and windshield washer systems is expected to reach US$ 17.5 Bn in 2016, witnessing a y-o-y growth of 4.2% over 2015. The long-term outlook on the global automotive washer systems market remains positive, with the market expected to register a 5.4% value CAGR during the forecast period 2016-2026. Passenger car segment will account for maximum share of the total sales, extending the market share to 76.7% in 2026 as compared to 74.5% in 2016.

In terms of volume, the global sales of automotive washer systems is expected to reach 1,453.4 Mn units in 2016 and is expected to expand at a CAGR 3.5% over the forecast period 2016–2026.

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Increasing vehicle production and adoption of efficient wiper and washer technologies are primary factors bolstering the sales of washer systems globally. Moreover, high replacement rate of washer system components is expected to result in high sales in the aftermarket segment. The emergence of newer wiper blade and windshield cleaning technologies is resulting in higher cost of end products, which is a major factor restraining adoption of these products among consumers. High market penetration of relatively low-cost wiper and washer system alternatives restricts demand for wiper de-icer, nozzle integrated wipers and heated nozzle washer systems.

Segmentation highlights

The global automotive washer system market is segmented on the basis of Component (Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield Wipers, Wiper Motor); Sales Channel (OEM, Aftermarket); Technology (Electric, Mechanical); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); and Application (Windshield Washer System, Headlamp Washer System).

  • Windshield wiper was the largest segment by component in 2015 and this will remain unchanged in 2016
  • Nozzle and hose & reservoir segments are expected to be the next large segment in terms of volume
  • By value, wiper motor segment is expected to remain dominant over the forecast period. The segment is expected to account for share of 45.9% in 2016 and is expected to maintain dominance over the forecast period
  • By product type, windshield washer segment was the largest segment in 2015, and this segment is anticipated to hold 72.3% of the market revenue by 2026. Advancements in wiper blade technology and nozzle design will support growth of the market over near future
  • Headlamp washer system segment is anticipated to witness a relatively high value CAGR than windshield washer system.  Increasing sales of premium and luxury vehicle globally is anticipated to bolster the growth of headlamp washer system. Furthermore, automakers in the market are focussing on introducing value added features in their mid-range vehicles, so as to earn competitive edge in the market

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Regional projections

The global automotive washer system market is segmented into the regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. Asia Pacific, the largest market for automotive washer systems is expected account for US$ 5.5 Bn revenue in 2016. Increasing adoption of headlamp washer systems in semi-luxury and mid-sized cars is major trend witnessed in the region. North America is expected to be the next big market, the region accounted for 21.1% of the total revenue share in 2015 and is anticipated to hold 20.7% in 2016. The recent relocation of automobile production facilities to developing nations such as Mexico will impact the OEM sales of washer systems in the region. Western Europe is expected to account for US$ 3.3 Bn revenue in 2016. The market for headlamp washer systems in the region is majorly driven by the existing stringent regulations to deploy these systems with high intensity headlamps.

Market Segmentation

By Component

  • Nozzles
  • Reservoirs
  • Hose & Connectors
  • Pumps
  • Windshield
  • Wipers
  • Wiper Motor

By Sales Channel

  • OEM
  • Aftermarket

By Technology

  • Electric
  • Mechanical

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Application

  • Windshield Washer System
  • Headlamp Washer System

By Region

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

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Vendor insights

Robert Bosch GmbH, Denso Corporation, Valeo S.A., continental AG and Mitsuba Corporation are the top five players in the global automotive washer system market, accounting for about 30% market revenue share in 2015. The leading players in the market are focusing on acquisition, collaboration and partnerships of/with technology providers to increase their product portfolio and market presence. Furthermore, expansion of production facilities, particularly in developing nations, is the key strategy adopted by major players in the market.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Stevia Market is likely to grow at a CAGR of 7% through 2029, reaching US$ 573 Million

[200 Pages Report] The Stevia Market is valued at US$ 333 Million in 2021. The market is likely to grow at a CAGR of 7% through 2029, reaching US$ 573 Million.

Europe accounts for 50% share of stevia market globally.

The global stevia market is moderately competitive, with tier-1 companies accounting for 35% – 40% of market share.

  1. Europe is stipulated to account for ~ half of the revenue shares in the stevia market by the end of 2029.
    • Europe is estimated to continue to be the opportunistic market for stevia manufacturers and distributors, owing to increasing production and demand for natural sweeteners.
  2. While consumption in the beverage sector continue to account for greater sales of stevia, growing application in packaged food products is likely to result in increased market share.
    • Noteworthy application potential of stevia has been identified in soft drinks, juices, yogurts, confectionery, bakery and many more. Stevia is increasingly used by food manufacturers to develop low-sugar and low-calorie products, thereby creating an upswing in the market growth. Moreover, stevia is found in more than 1,400 food and beverage products.

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Stevia Market Outlook

The stevia market is anticipated to advance at a moderate growth during the forecast period 2019-2029. According to studies, stevia is about 200 times sweeter as compared to sugar. Moreover, it is a zero-calorie sweetener and does not have any harmful effects on the human body. As a result, a shift is witnessed among consumers, away from the artificial sweeteners to the natural sweeteners, which boasts a high potential to improve the size of the stevia market during the forecast period.

Growing demand for nutrition-rich products among consumers to lead a healthy lifestyle is expected to bring in favourable growth instances for the stevia market during the forecast period. This is on the back of the contents such as antioxidant compounds, caffeic acid, quercetin, flavonoids, and tannins.

Numerous health benefits that stevia provides have attracted the attention of manufacturers for the utilization of the product in yogurt, tea, and coffee. As the millennial populace is opting for low-calorie food and drinks, the demand for stevia is likely to be increased.

Besides being used in the preparation of go-to-drinks, stevia is ground and sprinkled on the cooked vegetables, salads, cereals, and meat to add a specific flavour to it. There are numerous ways in which stevia can be used. As a result, manufacturers operating in the stevia market are experimenting and discovering new ways to reduce the calorific content of the product without compromising on its taste.

During the COVID-19 crisis, the demand for stevia remained moderate, on account of the disruption in the distribution network. Stevia still lacks the desired popularity as compared to artificial sweeteners. As a result, it has low demand in the supermarkets, while online sales of the product are high. Post the COVID-19 effect, the stevia market could witness an additional uptick in its growth, as consumers are switching to healthy and natural options.

Key Factors Shaping the Stevia Market

Demand Upheld by Increasing Diabetic and Obese Population

The rising prevalence of diabetes and obesity is anticipated to serve as a major driver for the stevia market. According to the World Health Organization, in 2016, around 1.6 million deaths were caused directly due to diabetes, and it is the seventh leading cause of death across the world. Also, in 2016, more than 1.9 million adults were overweight, while 650 million of these adults were obese.

As the occurrence of diabetes and obesity is increasing, consumers are taking appropriate measures to maintain a healthy lifestyle, and thus, are looking for zero-calorie natural sweeteners to maintain their blood sugar levels. In consequence, the demand for stevia is estimated to increase, as it is aligned with the requirements of the consumers.

Key Segment

By Nature

  • Organic
  • Conventional

By Type

  • Liquid Extract
    • Clear
    • Dark
  • Powder Extract
    • Stevia Blends
    • Glycoside (40%-79%)
    • Glycoside (80% and above)
  • Stevia Leaves

By Application

  • Dairy Food Products
  • Bakery Products
  • Beverages
  • Packaged Food Products
  • Dietary Supplements
  • Confectionery Products
  • Snacks
  • Table Top Sweeteners
  • Others (Electrolyte Mixes and Medicinal Formulations)

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By Region

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

Cold Laser Therapy Market to expand at a CAGR of 4.4% between 2022 and 2031

The global Cold Laser Therapy Market totaled US$ 104.0 Mn in 2020. Demand outlook is expected to remain steady as the market is poised to expand at a CAGR of 4.4% between 2021 and 2031, as per Future Market Insights (FMI).

Sales in the Cold Laser Therapy Market is expected to top US$ 165.4 Mn by the end of 2031, according to the latest Future Market Insights (FMI) study. Growth in the market is attributed to the rising prevalence of chronic diseases, surging demand for non-invasive equipment, and increasing demand for cold laser therapy.

Increasing awareness about various benefits of cold laser therapy is encouraging the adoption of cold laser or low-level laser therapy devices. Application of cold laser therapy in pain relief, treatment of musculoskeletal conditions, and nerve regeneration is increasing the sales in the market. These devices are increasingly installed in home care settings to offer relief from pain or inflammation to patients.

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Due to increasing penetration of social media, people of all age groups are becoming overtly anxious about improving their appearance. Hence, the cold laser therapy market is rapidly growing owing to the growing interest in surgically improving appearance.

According to the World Health Organization (WHO), the global population of those above 65 years of age is expected to increase from nearly 1.0 billion in 2018 to around 2.1 billion by 2050 across the world.

With increasing demand from elder population as their skin is more prone to wrinkles, fine lines, flaccid skin, and other conditions, demand for cosmetic procedures is expected to surge.

Emerging nations such as India, China, Brazil, Russia, Mexico, and South Africa are offering ample of growth opportunities for cold laser therapy devices market. One of the major factor for increased growth is rising prevalence of chronic diseases in the countries.

Exhibiting high demand for cold laser therapy to treat chronic pains, developing nations are likely to emerge as hotspot for cold laser therapy devices manufacturers.

Increasing research and development activities for innovation of novel technology and implementation of favorable reimbursement schemes in most developed countries is another factor fueling sales.

As per the report, key manufacturers are strengthening their supply chains particularly in regions such as Asia Pacific, Latin America and Middle East & Africa. Agreements, partnerships, and collaborations have emerged as key growth strategies adopted by leading players to expand their regional expansion and product portfolio.

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For instance, in September, 2019, MedShift announced the 5-Year Strategic collaboration with BTL Aesthetics.  The partnership will boost the presence of Emsculpt® device, the first and only technology to non-invasively harness high-intensity electromagnetic energy to firm muscle for a more toned figure.

Key Takeaways from Cold Laser Therapy Market Study

  • In terms of product, continuous laser devices will account for the largest market share in 2021.
  • Single wavelength technology will hold the lion’s share in cold laser therapy market. The segment will account for more than 65% of total market share in 2021.
  • Application of cold laser therapy devices in dermatology will generate highest revenue. As per FMI, the application is expected to account for more than 35% of value share in 2021.
  • Specialty clinics are expected to be the primary end-users on the back on increasing demand for cold laser therapy for cosmetic procedures. The segment will contribute over 42% of market revenue in 2021.
  • North America is expected to account for dominant 40.0% in the global market in 2021, with the U.S. spearheading growth in the region.

 “Growing demand for aesthetic cosmetic procedures and preference for non-invasive equipment have encouraged the key players to invest more in research activities to develop advanced devices. This is expected to create growth opportunities for market players, especially in East and South Asia as demand for cosmetic procedure and pain management is at all-time high,” says the FMI Analyst

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Who is Winning?

Some of the leading manufacturers of cold laser therapy market are focusing on product launches,  collaborations, and expansion strategies to enhance their market presence. For instance,

  • In March 2021, Good Energies Ltd developed and sold the B-Cure Laser for pain relief and launched a new media campaign in collaboration with Guerillascope for creating awareness against chronic pain.
  • In November, 2020, DJO Global, Inc. announced the launch of 25W LightForce Xpi to allow clinicians to treat pain and inflammation and aid in post-activity recovery with greater accuracy, providing more consistent outcomes for patients.
  • In January 2020, BTL launched a new product BTL-6000 Traction Therapy for relieving patients from pain. The company strengthened its presence in the pain management market with this launch.
  • In May 2019, Theralase Technologies Inc. announced its plan to expand its photodynamic therapy technology (PDT) into China after receiving necessary regulatory approval from the country.
  • In May 2019, Erchonia Corporation announced the launch of Lunula Laser in the Korean market. It was a non-thermal and non-invasive device with low-level laser technology for foot fungus.
  • In January 2020, Lexington International, LLC announce the launch of its innovative product Flip 80 Laser Cap to treat pattern hair loss and stimulate hair growth

The key market players profiled by FMI include Apira Science Inc., BioLight Technologies LLC, B-Cure laser Australia, Erchonia Corporation, Theralase Inc., THOR Photomedicine Ltd, DJO Global, Inc., BTL, Spectro Analytic Irradia AB, Photomedex.

Car Security System Market is projected to expand at a robust 11.8% CAGR between 2021 and 2031

The car security market will register moderate growth in 2021 with worldwide demand up 5.4% year over year. As per Future Market Insights (FMI) analysis, car security system sales will grow, reaching nearly $7.6 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%.

Some of the governments around the world have mandated the addition of car security system. This, coupled with increasing sales of new vehicles and economic cars in emerging economies will drive the market growth.

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Leading original equipment manufacturers and luxury automakers are installing advanced car security system like telematics linked with 5G connectivity and internet of things to stand out in the competition. This will positively influence the market growth.

According to a preliminary report from National Insurance Crime Bureau, in U.S. auto theft rose by 9.2% from 2019 to 2020 as 873,080 auto thefts were recorded in 2020 in comparison to 799,644 thefts in 2019. Rising awareness among car owners regarding importance of a good car security system coupled with increasing cases of car theft across the globe will fuel the demand for car security system.

Increasing demand for hassle free monitoring and tracking system with improved car security along with focus on reducing the cost of security system are encouraging the development of new security systems, thus boosting the market growth, states ESOMAR-certified Future Market Insights (FMI) in its recent analysis.

Establishment of mega factories in developing countries of Asia and Latin America will allow market players to capitalize on unexplored opportunities. Rising per capita income of middle class population and increasing production of budget cars will drive the market over the assessment period. Mid-range car segment is expected to hold more than 56.9% market share in 2021.

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Key Takeaways from FMI’s Car Security System Market Study

• North America market is expected to grow at 4.4% CAGR post pandemic on account of the increasing sales of automobiles and rising number of manufacturing units and trading routes in Canada and the U.S.
• Europe will follow North America in terms of growth, showcasing growth at 4.2% CAGR in 2021. The growth can be attributed to rise in living standards of middle class population leading to increasing sales of economic car, presence of leading original equipment manufacturers, and increasing cases of car theft in Germany, U.K. and other European countries.
• Rising demand for mid-size cars, increasing adoption of car security system due to rise in per capita income, and increasing sales of passenger vehicles are the key factors driving the market growth in India.
• Japan and South Korea will collectively account for around 9% of global market share in 2021. Presence of modern research and development facilities in these countries along with increasing demand of Japanese and Korean telematics across the globe will drive the market growth in upcoming years.
• Remote car locking system sales is gaining traction owing to its high reliability and compact size making it an ideal choice for small cars. The remote car locking system along with vehicle trackers and other sensors are expected to grow at over 6% CAGR during the assessment period.

“Increasing incidence of car theft is encouraging automakers to develop better security features. To offer greater safety against car theft, incorporation of telematics has emerged as a key solution. Besides this, focus on innovations will continue rising as market players aim for competitive advantage,” says the FMI analyst.

Competitive Landscape
Future Market Insights states that Continental AG, Valeo, Hella, Robert Bosch, and Tokai Rika are the leading market players operating in the car security system market. Top car manufacturers are looking to provide new end to end solutions and products while keeping the aftermarket confined to their authorized dealers.

For instance, continental AG is developing ultra-wideband (UWB) radio technology as a part of vehicle access solution in the car connectivity consortium (CCC). The new system is aimed to provide hand free operating system and elevate the anti-theft protection.

Market players are also looking to ride the bandwagon of growing adoption of telematics. For instance, ORBCOMM recently developed the next-gen ORBCOMM Platform which allows customers to track, monitor and control all their vehicles in one place – on the road, rail and at sea. For this ground breaking innovation, ORBCOMM won 2021 Internet of Things (IoT) breakthrough award for M2M Vehicle Telematics Company of the Year.

Car Security System Market by Category
By Car Type:
• Economic Cars
• Mid-Range Cars
• Premium Cars

By Product Type:
• Immobilizer system
• Remote Central Locking System
• Alarm System
• Other Systems

By Sales Channel:
• OEM
• Aftermarket

By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East and Africa (MEA)

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Prominent players operating in the car security system market are:-
• Valeo S.A.,
• Continental A.G.,
• Delphi Automotive PLC,
• Hella KGaA Hueck & Co.,
• Tokai Rika Co., Ltd.,
• Mitsubishi Electric Corporation,
• Denso Corporation,
• Robert Bosch GmbH,
• Lear Corporation,
• Omron Corporation.
• Nexen Tire America Inc.

Key Points Covered in Car Security System Market Study

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact On Car Security System Market And How To Navigate
• Recommendation on Key Winning Strategies

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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GCC Functional Food Market Size (2021-2030)  Top Key Company Profiles – Almarai, Danone, AL Rawaby Dairy, Pinar, Anchor, Kraft Foods, IFFCO, Nestlé

According to the market report published by Future Market Insights titled Functional Food Market: GCC Industry Analysis and Opportunity Assessment 2014-2020’, the revenue generated from functional food is estimated to be valued over US$ 4,894.8 Mn in 2014, which is projected to increase at a CAGR of 10.9% during the forecast period (2015-2020).

People have become more fitness and health conscious, and prefer to spend more on food or other products that promote or improve health for better future living conditions. Improved living standards have resulted in a rise in consumer spending on health- and fitness-related products. Consumers in the GCC countries have started becoming more interested in understanding the role of functional food and the part that it plays in preventing and reducing the impact of diseases. Therefore, more consumers are purchasing functional food & beverages, not only to treat health problems such as joint pain, bone health and general well-being, but also to prevent illnesses such as heart diseases and others.

Functional food products, which enhance health, are typically advocated as alternatives to traditional medication. However, one of the major challenges is the formulation of functional food in traditional food and beverages. Moreover, consumers are seeking more variety in functional food products apart from traditional options. These challenges have resulted in the introduction of innovative new functional food products to ensure ingredient viability and stability. The market for functional food is expected to witness high demand in specific countries such as the UAE and Kuwait. Healthcare spending in GCC is expected to increase at a double-digit growth rate between 2015 and 2020 due to the rising concerns about health and wellness, which is expected support the growth of functional food market in the region during the forecast period.

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Due to the preference for functional food, retail chains are coming up with new variants of functional food products especially in cereals and dairy products. Leading brands are continuously gaining traction by launching a wide range of functional food products, thus creating a long-term growth opportunity all over the region. Moreover, the growing cost of healthcare products has influenced consumers to adopt preventive measures. These factors are supporting the demand for functional foods in GCC countries.

In GCC functional food market by product type segment, the cereals, flakes & confectioneries segment accounted for relatively high value share of almost 41% in 2014 and is expected to remain dominant in terms of value during the forecast period. The segment is expected to register a CAGR of 12.1% by the end of 2020. Cereal bars, fortified pasta, noodles and corn/oat flakes are some of the key products in demand across the GCC countries.  On the basis of distribution channel, in GCC functional food market the hypermarket & A-class store segment accounted for the maximum value share of 39.6% in 2012. However, the consumer co-operatives and grocery stores segment is expected lose its popularity across the region. Overall, these distribution channels segment contributed 28.3% in 2012 and is expected to lose its share further in 2020 due to greater consumer preference towards hypermarkets & A-class stores. On the basis of region in GCC functional food market, KSA is expected to register a revenue share of 48.3% in 2014. Kuwait and Qatar are among the most lucrative markets for functional food in terms of revenue as compared to other GCC countries.

Key Players in GCC Functional Food Market

Detailed profiles of companies are also included in the GCC functional food market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the  functional food market study include Almarai, Danone, AL Rawaby Dairy, Pinar, Anchor, Kraft Foods, IFFCO, Nestlé, Oman Flour Mills Company, The Modern Flour Mills and Macaroni Factories, Al Ghurair Foods, Alyasra Foods, AL Jazira Poultry Farm LLC NEZO, ZAD INDUSTRIES & TRADING CO and Savola Foods. To increase their sales in GCC functional food market, major players based in the region are focusing on generating awareness and launching new product variants.

Key Segment

On the basis of product type

  • functional dairy products
  • cereals, flakes & confectioneries
  • iodised salt
  • fortified eggs
  • fish & meat
  • oil & margarine

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By distribution channel

  • hypermarkets/A-class stores
  • self-service & B-class chains
  • consumer cooperative & groceries
  • others

Aircraft Cabin Interior Market Expected to Behold a CAGR of 2.7% through 2021-2031

As indicated by ESOMAR-ensured Future Market Insights’ (FMI), the Aircraft Cabin Interior Market is relied upon to extend at 2.70% CAGR all through the estimate time frame 2021-2031. The market is exceptionally cutthroat with United Technologies Corporation, Safran S.A., Diehl Stiftung and Co. KG, HAECO Group, Honeywell International, Inc., and Panasonic Avionics Corporation enveloping around half of worldwide portions of the overall industry.

As indicated by International Civil Aviation Organization, joining of minimal expense transporter airplanes in air transport area has essentially impacted the Aircraft Cabin Interior Market. Flourishing the travel industry area, expansion in air traffic, and developing flight emphasis are factors driving the market development.

Flood in new airplane orders and rising prevalence of in-flight theater setup and tasteful lighting framework will multiply the market interest in forthcoming years. Aircraft Cabin Interior Market is expected to develop at a sound speed attributable to expanding interest for custom, extravagant, and agreeable lodge insides with agreeable and brilliant seating frameworks.

Foundation of airplane fabricating offices and related exercises in arising economies will set out rewarding development freedom in the worldwide Aircraft Cabin Interior Market during the conjecture time frame.

Coronavirus pandemic hampered the aeronautics business because of inconvenience of lockdown and suspension of homegrown and worldwide trips across the globe. Expansion in generally weight of airplane, tough wellbeing guidelines and nonappearance of beneficial aircraft administrations in arising organizations are impeding the market development.

Key Points from FMI’s Aircraft lodge inside Market Study

  • Quick creation of business airplanes and presence of driving business sector players in U.S. alongside expanding unfamiliar direct interest in flying industry will look good for the Aircraft Cabin Interior Market development in U.S.
  • Auto airplane lodge inside is relied upon to develop at a sound rate in Russia inferable from expanding conveyance of unfamiliar airplanes and rising interest for support, and redesiging of different parts in such airplanes.
  • Improvement of tight body airplanes by China alongside foundation of creation focuses in the country because of modest work and bounty of assets will help the Aircraft Cabin Interior Market development
  • Developing government drives and rising per capita pay of individuals will advance reception of air transport, consequently driving the Aircraft Cabin Interior Market development in India.
  • Fast modernization in airplane parts and insides, retrofitting of inside lodges, and expanding interest for support, redesign and fix of airplanes utilizing new materials will help the airplane cookroom market development.
  • Expanding request of business airplanes, developing buyer tendency towards air travel to save time and developing pattern of redone inside are further speed up the development of the airplane lodge inside reseller’s exchange appropriation channel.

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Automotive Wires and Cable Materials Market – Future Scenario, Key Insights, Top Companies 2026

Global automotive wire and cable materials market revenues will grow by 7.3% in 2016, reaching nearly US$ 4 billion in revenues. Growth will be supported by increasing emphasis on safety and vehicle maintenance, as well as increasing installation of infotainment and navigation systems. Steady automotive sales will continue to serve the market well, especially in Asia Pacific, where China and India will witness heightened demand.

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While growth of the automotive wire and cable materials market will remain stable over 2016, emerging trends will continue to play an important role in shaping up the market. Innovations in connected and hybrid vehicles and substitution of copper with aluminium are expected to influence manufacturing process in 2016 and beyond.

Polyvinyl chloride (PVC) will continue to be the most sought-after material for manufacturing automotive wires and cables. This segment will witness a year-over-year growth of 5.6% and reach US$ 1.9 Bn in revenues in 2016. Polypropylene (PP), the second-largest segment by material type, will witness a growth rate of 6.8% in 2016.

While passenger cars will remain the largest segment in terms of vehicle type, development of rapid transit routes and increasing adoption of hybrid power trains will create opportunities in the light commercial and heavy commercial vehicles segment. Light commercial vehicles segment is anticipated to grow by 4.7% in 2016 over 2015 to reach US$ 0.7 Bn in revenues.

Asia Pacific excluding Japan (APEJ) is the largest market for automotive wire and cable materials and the status quo will remain so in 2016 and beyond. Growth of the automotive wire and cable materials market in APEJ will be supported by the resurgent automotive sector in the region. Increasing emphasis on safety and functionality and implementation of vehicle safety regulations will influence demand positively. The APEJ automotive wire and cable materials market will grow by 6.2 % in 2016 to reach US$ 2.1 Bn in revenues. North America and Western Europe, the other key markets for automotive wire and cable materials will also witness significant growth in 2016.

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Key Players

Major players identified in the market are Sumitomo Electric Industries, Delphi Automotive PLC, Draka Holdings BV, Leoni AG, Lear Corporation, Coficab Group, Yazaki Corporation, Allied Wire & Cable Inc. and Acome.

Leoni AG, Coficab Tunisie SA and Sumitomo Corporation are the top 3 players in the global automotive wire and cable materials market. These 3 players collectively accounted for 46.2% revenue share of the market in 2015. In addition to these marquee players, Delphi Automotive PLC, Draka Holdings B.V., Lear Corporation, Coroplast Fritz Muller GmbH & C. KG, Yazaki Corporation and Allied Wire and Cable Inc. etc. are the other leading players in this market.

Key Segments Covered

By Vehicle Type

  • Passenger Vehicles
    • Compact Cars
    • Sub-compact Cars
    • Mid-size Cars
    • Sedan
    • Luxury Cars
    • Vans
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Material Type

  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Cross-linked Polyethylene (XLPE)
  • Thermoplastic Polyurethane (TPU)
  • Polyphenylene Ether (PPE)
  • Others (Fluoropolymers, Polyurethane, Neoprene, Ethylene Propylene Rubber and Co-polyester Elastomer)

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By Region

  • North Americas
  • Latin America
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa (MEA)

Long-term Outlook: The global automotive wire and cable materials market is expected to increase at a CAGR of 6.3% during the forecast period 2016-2026 and reach US$ 3.9 Bn in revenues in 2016. APEJ will continue to be the largest market throughout the forecast period.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries:
 press@futuremarketinsights.com
Website:
 https://www.futuremarketinsights.com/

Replacement Sheet Market Size 2022 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2031

Demand for replacement sheets is slated to grow at 4.5% CAGR in 2021, finds Future Market Insights  (FMI) in a recent market analysis. Owing to high demand for advanced devices and affordable products in the healthcare sector, the market is projected to reach US$ 117.0 Mn in 2021.

In addition to this, the slide sheet segment is projected to account for 40% of the total replacement sheets market share, while sales of turn sheets are anticipated to continue rising over the forecast period.

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Sales of replacement sheets stagnated to an extent due to the lockdown restrictions imposed to contain the novel COVID-19 outbreak. However, with a persistent rise in medical procedures related to COVID-19 and other disorders, demand for replacement sheets grew at a 4.3% CAGR in 2020.

Expedited vaccine drives, resumption of production and logistics, and growing preference for retail through online channels are anticipated to positively shape the sales outlook for replacement sheets over the assessment period.

Replacement sheet based patient transfer is one of the crucial methods to change/move patient’s position within healthcare settings. Usage of these sheets ensure that the patient transfer is easy and safer. Moreover, it is the most comfortable method of patient handling for healthcare professionals and the patient.

The geriatric population is most likely to undergo old-age mobility disorders. For example, as per the World Economic Forum, Japan has the title for having around 29% of the largest geriatric population over 65 years out of the total population in mid-2020.

Key players operating in the replacement sheets market are investing in research and development top launch products with different technologies. This is indicative of the emergence safe and high-quality products that would minimize patient’s complications, resulting in lucrative growth prospects for regional and global market players.

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“Government initiatives adopted to improve the healthcare infrastructure in developing economies, coupled with rising demand for affordable and safer patient repositioning equipment will continue providing tailwinds to replacement sheets sales over the forecast period,” says the FMI analyst. 

Key Takeaways from Market Study

  • The turn sheet segment is expected to gain 1.6X revenue in the market by 2031.
  • Based on end-users, the hospital segment accounted for more than 28% of the market share in 2020.
  • The U.S. is projected to dominate the North America replacement sheets market, capturing 81% of the total market share in 2021.
  • Replacement sheets market in Germany is anticipated to expand at a 5.3% CAGR over the forecast period.
  • The U.K. is expected to emerge as a lucrative market, growing at a 4.3% CAGR through 2031.
  • China will remain an attractive pocket, commanding over nearly half of the East Asia replacement sheets market share in 2021.
  • Sales of replacement sheets in Japan are projected to grow at a 4.0% CAGR, while South Korea holds 19.0% of the East Asia market share currently.

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Competitive Landscape

To gain a competitive edge in the global replacement sheets market,  key market players are investing in strategic collaborations, mergers, and acquisitions. Apart from this, players are focusing on new product developments  to deliver safer and convenient options to ensure patient’s comfortability and safety in both existing and new markets. For instance:

  • Etac, in July 2019, acquired a 70% stake in the US Company, HoverTech International, to strengthen its position in the patient handling segment in the US market.