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As per a study by ESOMAR-certified consulting firm Future Market Insights (FMI), the global teleradiology market is expected to surpass a valuation of US$ 5.15 Bn through 2021. Favored by the increasing number of medical imaging procedures such as computed tomography (CT) scans and X-ray scans, the sales of teleradiology are likely to surge at a vigorous 12.18% CAGR during the assessment period.

Rising prevalence of diseases such as cancer, arthritis, cellulitis, and osteomyelitis are facilitating the market growth. According to the National Institute of Cancer, around 1898,160 new incidences of cancer are estimated to be diagnosed in 2021, causing approximately 608,570 deaths in the U.S.

As teleradiology enables the transfer of radiological images to qualified radiologists for providing effective treatments, it plays a life-saving function for patients. Thus, with the increasing number of cancer cases and lack of availability of skilled radiologists in sub-urban and rural areas, the demand for teleradiology systems is likely to increase over the coming year.

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The coronavirus outbreak has favored the teleradiology market by increasing demand for medical imaging procedures across the globe. As the use of teleradiology systems avoids in-person contacts for the exchange of hard imaging result copies, these systems are increasingly being adopted by hospitals, medical institutes, and clinics for sharing study observations and details information gathered, thereby, driving teleradiology sales.

Key Takeaways from FMI’s Teleradiology Market Study

Sales of teleradiology systems are expected to rise at 9.10% between 2020 and 2021.

• The U.S. is estimated to dominate the North America teleradiology market owing to the presence of leading market players in the country.
• China is likely to emerge as the prominent market in Asia Pacific due to the high prevalence of chronic diseases such as cancer and arthritis.
• Based on modality, CT scans are anticipated to lead the segment, on the back of rising digitalization and technological advancements in the segment.
• Owing to the surging demand for diagnostic imaging procedures due to the lack of qualified radiologists, ambulatory imaging centres (AICs) are expected to account for substantial revenue share.

Competitive Landscape

Teleradiology Solutions, Argus Radiology, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, and Telemedicine Clinic are the leading players operating in the teleradiology market as profiled by FMI.

The teleradiology market is highly fragmented owing to the presence of large number of market players. Leading player emphasizing on launching the new products and expanding their product portfolio to gain competitive edge over other player. Besides, this some of the players are adopting strategies such as strategic collaboration, merger, acquisition, and partnership with other industry players to strength their market footprint.

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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 keyword 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 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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Two-dimensional images produced by x-ray radiation is the practice of projectional radiography, also known as plain film radiography. Digital X-Ray equipment is utilized in medical imaging of human body. X-rays are ionizing radiations that possess the energy to penetrate human tissue. Digital x-rays interact with human tissues and generate diagnostic images. The human tissues are exposed to a beam of x-ray which is also known as primary beam. It passes through the body and gets absorbed by the human tissues. This process of absorption of the primary beam by human tissues is known as attenuation. Attenuation is the key function that results in formation of digital x-ray images through Digital x-ray equipment. The dense anatomy of the body such as the bones absorb more x-rays than the thin anatomy of the body. The primary x-ray beam after attenuation is known as remnant beam. The remnant beam is received by image receptor of the Digital x-ray equipment. The dense anatomy appears white while the thin anatomy appears black on radiographs produced by Digital x-ray equipment.

Digital X-Ray Equipment Market: Drivers & Restraints

Digital x-ray uses x-ray to view the internal anatomy of the irregularly composed opaque tissues. The opaque tissues highly vary in their density and x-rays are the most efficient electromagnetic radiations that represent clear digital images through digital x-ray equipment. X-rays are safe radiations for the living tissues and digital x-ray images can be generated of every body organ. The digital x-ray equipment market is majorly driven by novel technological advancements, increasing healthcare expenditure, rise in ageing population and disease prevalence. The digital x-ray equipment market is also witnessing highly competitive scenario that has led to large number of improved digital x-ray equipment launches. Moreover, digital x-ray equipment are less expensive yet more efficient than other radiography equipment. Digital x-ray equipment provides quick healthcare delivery and improves workflow. The digital x-ray equipment has the limitation of in-depth imaging. The digital x-ray equipment is based on transmission of the x-ray beam and this exposes only the surfaces of the human anatomy under observation. The details of the human anatomy are not revealed by the digital x-ray equipment.

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Digital X-Ray Equipment Market: Overview

Digital X-Ray Equipment is widely used in the imaging of all human body tissues and has become a part of routine checkup. Digital x-ray equipment deliver medical imaging in the standard safety radiation dose. Digital x-ray imaging is one of the most important pillars of medical imaging. The global Digital x-ray equipment market is expected to expand at an exceptional double digit CAGR during the forecast period 2015 to 2025.

Digital X-Ray Equipment Market: Region-wise Outlook

Depending on geographic regions, global Digital X-Ray Equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is expected to grow at a remarkable CAGR owing to the improving healthcare facilities and infrastructure. Also the expanding middle class population in the region is expected to add significant value to the digital x-ray equipment market. Moreover, the countries of New Zealand, Australia, India, China and Japan have ample potential and availability of advanced diagnostics and therapeutics. The APAC region also contributes favorably to the global medical tourism and further to the global digital x-ray equipment market.

Digital X-Ray Equipment Market: Key Players

Some of the key market players in global Digital X-Ray Equipment market are Siemens AG, Philips Healthcare, Canon USA Inc., Shimadzu Corporation, GE Healthcare, Varian Medical Systems, Agfa-Gevaert N.V. Healthcare, Hitachi Medical Corporation, Toshiba Medical Systems, Fuji Medical Systems and China Resources Holding Medical Equipment Company Limited. The competition in digital x-ray equipment market is majorly based on technological advances in digital x-ray equipment and the pricing of the digital x-ray equipment.

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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 keyword 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 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.

Contact Us:

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

The global machine condition monitoring market is expected witness a CAGR of 5% between the forecast period of 2020-2030. Growing need to reduce the maintenance cost and unexpected downtime have fuelled the growth of global machine condition monitoring market.

Demand for Longer Life of Machine Parts to Sustain Growth for Market

Machine conditioning essentially determines the health of a machinery, monitors, and offers predictive maintenance ideas to avert failures. It plays a crucial role in diagnosing a troubling noise, vibration, and temperature measurements in a machine that have the potential of wreaking havoc. Machine conditioning is predominantly used in industries such as oil and gas, manufacturing, petroleum, aerospace and defense, automotive, and marine amongst others. The crucial nature of these industries is expected to ensure that the market for machine condition monitoring has a healthy growth rate.

Machine condition monitoring techniques are used in rotating equipment, pumps, electric motors, internal combustion engines, and presses to garner predictive maintenance insights. Development for advanced machine condition monitoring solutions that facilitate scheduled maintenance are expected to create viable opportunities. Low-cost advanced machine condition monitoring, direct communication processes, and rapid processing functions are opening new doors to the growth of machine condition monitoring market. Machine reliability by effective prediction of their failures, maximizing part life by proper scheduling of maintenance programs, achieving reduction in frequency of failures, reducing severity of machine downtime, and ensuring safety of equipment and staff will also prove to be solid foundations for the players in the market.

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Oil and Gas Industry to Remain Key Consumer to Keep Operations Uninterrupted

The oil and gas industry is expected to be the key user of machine conditioning monitoring solutions in the coming years. Growing pressure on onshore and offshore oil exploration and shale gas activities are expected to keep this segment in the lead. The petroleum segment too is projected to have a positive impact on the overall market. However, fluctuations in oil prices due to political instability and pandemic are expected to create a negative impact. The other end-use industries of machine condition monitoring are marine, aerospace, defense, mining and metal, power generation, and automotive.

Manufacturing Industry in Asia Pacific to Give Machine Condition Monitoring Market New Opportunities

The report states that the market growth in developed economies for these systems is expected between 7%-10% whereas in developing regions the growth may even exceed 12% during coming decade. On the basis of region, North America is estimated to be the fastest-growing market for machine condition monitoring due to higher expenditure made by existing companies on efficient maintenance. On the other hand, Asia Pacific and Latin America are expected to be the growth engines of machine condition market in the near future with each region upping the production and manufacturing capacities. The remaining regions are expected to grow at a steady rate over the forecast period.

Global Machine Condition Monitoring Market: Key Players

Some of the key players operating in the global machine condition monitoring market are National Instruments, Parker Kittiwake, Rockwell Automation, Bruel & Kjaer Vibro GmbH, Emerson Process Management, Fluke Corp, Honeywell Process Solution, among many others.

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Key Highlights

Report Metric	Details
Base year considered	2019
Actual estimates/ Historical data	2014 – 2018
Forecast period	2020 – 2030
Forecast units	Value (USD) Bn
Segments covered	End-user Industry Region
Market Outlook	Global machine condition monitoring market to register 5% CAGR 2020-2030 Oil and gas industry to remain key user as operations are essential to global economy Manufacturing boom in Asia Pacific to propel region ahead of others
Regions covered	North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific
Key Players	National Instruments, Parker Kittiwake, Rockwell Automation, Bruel & Kjaer Vibro GmbH, Emerson Process Management, Fluke Corp, Honeywell Process Solution, among many others.
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

The vehicle electrification market is expected to grow significantly in the forthcoming years owing to the inclination of automotive and automobile manufacturers towards the electrified vehicles and the growing emphasis given to environment-friendly alternatives in the automobiles. Vehicle electrification is being adopted by various key players in the automobile industry such as Toyota. The vehicle electrification market is seeing innovations by Toyota, while they harness the benefits associated with vehicle electrification to support their sustainability initiatives for which they aim to promote the sales of their electrified vehicles in the coming decade. Commercialization of electrified vehicles by major players is expected to nurture the growth opportunities of the vehicle electrification market.

Moreover, the initiatives taken by the automotive players such as the Renault Group and Bosch for implementing vehicle electrification, transforming the public transport with vehicle electrification, and aiming to add electrified vehicles to their product portfolio in the future are further expected to open new doorways for the automobile manufacturers. In line with sustainable commutate facilities, vehicle electrification allows both, the vehicle manufacturers and end users to benefit from it and transform how transport has been looked at, further contributing to the expansion of the vehicle electrification market.

Electrification of a vehicle is considered as one of the best way to reduce carbon emission, increase vehicle efficiency and reduce dependency over oil. Vehicle electrification generates new opportunities for consumer engagement along with various environmental and economic benefits. We can replace various hydraulic or mechanical systems with electric systems: hydraulic power steering with electric power steering and mechanical or hydraulic pumps with electric pumps. The air conditioner in a vehicle can

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Vehicle Electrification Market: Drivers & Restraints

Increasing prices of conventional fuels, growth in the sales of electric vehicles will enhance the growth of vehicle electrification. Growing demand for fuel efficient vehicles, stringent emission norm along with increasing environmental awareness among the consumer are also expected to fuel the growth of vehicle electrification market. Governments of various countries such as US are actively supporting vehicle electrification by providing tax exemption and subsidies.

Vehicle Electrification Market: Region – Wise Outlook

Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the vehicle electrification market.  Strict laws in Western & Eastern Europe for vehicle efficiency will drive the vehicle electrification market in this region. North America is also anticipated to a moderate growth with credits to the strong fuel efficiency norms and support from government in the region. With rapid technological advancement and growing automobile industry, vehicle electrification market is expected to increase at a double CAGR during the forecast period.

Vehicle Electrification Market: Key Players

Some of the players in the market we identified includes, Continental AG, Robert Bosch GmbH., TRW Automotive Holdings Corp., Denso Corporation, (Japan), Nexteer Automotive, JTEKT Corporation, Mitsubishi Electric Corporation, Mando Corp., Borgwarner Inc. and ZF Friedrichshafen AG.

The report covers exhaustive analysis on:

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

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Regional analysis includes 

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

Vehicle Electrification Market: Segmentation

On the basis of product type, vehicle electrification market is broadly segmented as:

• Start–Stop System
• Electric Power Steering (EPS)
• Liquid Heater PTC
• Electric Air-Conditioner Compressor
• Electric Vacuum Pump
• Electric Oil Pump
• Electric Water Pump
• Thermoelectric Generator
• Electric Turbocharger

On the basis of vehicle type, the market is segmented into:

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Two – Wheeler

Vehicle electrification market is segmented on the basis of degree of hybridizationas:

• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (Bev) & Fuel Cell Electric Vehicle (FCEV)

In addition, report also includes segmentation on the basis of channel type:

• OEMs
• Aftermarket

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Report Highlights:

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

Trade liberalization and global economic growth boost the cargo shipping market. In the past decade cargo shipping market has fared quite successfully. With economic growth and development there is a direct increase in commodity consumption, which drives the cargo shipping market. Depending on the cargo and the type of storage, loading, unloading and securing it would require various types of ships for transportation.

Investments in port infrastructure and the global supply-demand cycle will have a positive impact on the shipping market. Growth in countries forging free trade agreements like AFTA (ASEAN Free Trade Area), TPSEP (Trans-Pacific Strategic Economic Partnership), and NAFTA (North American Free Trade Agreement) will drive the cargo shipping market. Transport is an essential link for trading, and the aim is to obtain raw materials for manufacturing industries, or trade manufactured goods in good condition, as and when they are required. Demand and supply for sea transportation has increased and five key things to be considered in the cargo shipping market are: economy, average haul, seaborne commodity, random shocks and transport cost.

The cargo shipping industry is segmented on the basis of cargo and industry type. Infrastructure initiatives such as development of new ports and extension of existing ports leads to growth of the cargo shipping market. Container cargos load food, manufacturing industry’s raw materials and electrical & electronic goods. Liquid bulk cargos are loaded with oil from the oilfields at sea – to do this they moor bow type tankers, known as shuttle tankers. Developing economies in Asia-Pacific account for the significant market share; especially China, since it is a major exporter. Growth rate in Europe is presently steady and is expected to grow in the near future; owing to various initiatives by the European Union. Middle East and African regions have the highest potential in the coming years due to availability of oilfields; this is estimated despite the fall in oil prices internationally.

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Global cargo shipping market: Regional outlook

Developing economies in Asian countries drive the cargo shipping market and are estimated to hold the largest share of the cargo shipping market. European countries like UK, Spain, Germany and France, along with Russia will account for the second largest share. North America is projected to be third largest market share.

Global Cargo Shipping Market: Key Trends and Drivers

Global economic growth and progress in trading drive the cargo shipping market. Container transportation is increasing adopted globally to transport goods; it acts as a major driver for the cargo shipping market in both developed and developing countries. Another boon for this market are the free trade agreements being formulated by numerous countries. Supply chain management for marine trade has developed largely attributing to developing nations gaining a large market share in the cargo shipping market. Cargo shipping firms are facing challenges to a great extent owing to global environmental changes and geopolitics; this is proving to be a major restraint. Acquiring new containers is cost intensive, which is manifesting as a major restraint in the shipping industry and cargo shipping market.

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Global cargo shipping market: Key players

Examples of the market participants in the cargo shipping market, identified across value chains include CMA-CGM SA, A.P. Moller-Maersk Group, Mediterranean Shipping Company S.A., Panalpina World Transport (Holding) Ltd., DHL Global Forwarding, China COSCO Holdings Company Limited, Nippon Express Co., Ltd, Hapag-Lloyd AG, Ceva Logistics and Deutsche Bahn AG.

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

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Global Cargo Shipping Market: Segmentation

Environmental remediation refers to restoration of environmental media such as soil, groundwater, sediment, or surface water, which is contaminated by any form of pollutants, and is impacting negative ill effects on its surrounding biological life. Most of the environmental remediation activities across the globe has been a matter of government regulations and interventions, and are considered as a full-fledged long term solution to remove contaminants from media such as soil and groundwater. It is very common for the government to overlook the entire remediation programme, until the activity completes. Environmental remediation technologies are generally used for cleaning wastewater, solid waste, and aerosols generated during production of oil and gas, or any kind of oil spill. Soil is also often contaminated by mining chemicals, which in turn also requires remediation technologies. As most soil and groundwater contamination across the globe has been caused by oil and gas, and mining companies, these companies are often forced by government to incorporate remediation technology activities for their operations.

Key Players in the Industry provide variegated range of services, which not only include remediation technology, but also equipment, materials, reagents, and sales and rental services. Furthermore, remediation activities are carried out on contract basis, and revenues are generated by selling the entire service.

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Environmental Remediation Market: Drivers and Restraints

The global Environmental Remediation marketis projected to grow at a high growth rate, amid, rising environmental regulations regarding environmental protection and growing pollution. Stringent government regulations posed on oil and gas, and mining companies is further driving growth in the environmental remediation market. Rising safety norms related to ground water and soil has bought many new sites to notice, which are now considered contaminated, thus further fuelling revenues towards environmental remediation companies. Environmental remediation activities which incorporates oil or refined oil spillage, are also integrating activities to sell recovered products, thus generating further revenues in the Global Environmental Remediation Market.

Environmental Remediation Market: Region Wise Outlook

The global Environmental Remediation Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America and Western Europe accounts for more than 80% of the Global Environmental Remediation Market revenues, amid, stringent environmental regulations and a large number of environmental protection agencies in the region. Japan is also considered as a prominent market for companies in the Environmental Remediation landscape. With rapid industrialization and fast developing oil and gas industry of China, demand in the APEJ region is also anticipated to rise over the forecast period

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Environmental Remediation Market: Key Players

• Bristol Industries, LLC.
• MWH Global, Inc.
• Tarmac International, Inc.
• Sequoia Environmental Remediation Inc.
• Environmental Remediation Resources Pty Ltd.
• Entact LLC
• GEO Inc
• ERSI
• Newterra Ltd.
• Golder Associates Corporation
• Clean Harbors, Inc.

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, technology and applications.

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Environmental Remediation Market: Segmentation

Automotive Soft Trim Interior popularly known as “Soft Trims” belongs to automotive interiors segment being a part of the automotive ancillaries sector. The nomenclature is derived from the nature of the product application compared to the hard exterior body & spare parts of the vehicle. It is used in seats, doors, floor liners, pillar covers, cockpit, headliners, etc. of the vehicle. The material used is primarily of 3 types: Leather, Textile/Fabric & Chemical Polymers. Leather is used in Premium automobile models, whereas the latter two cater to Mid & Base Level models in exterior furnishing/covering as well fabrication of core interior body parts. The product has a blend of critical traits more than just the aesthetics aspect; such as Acoustic Control, Durability & Ergonomics, and Feather Weight Capability.

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Automotive Soft Trim Interior Market Dynamics & Trends

The entire 4 wheeler-Automotive vehicle segments such as Light Motor Vehicles, Heavy Commercial Vehicles etc. are major consumers whom the product caters to. It has both OEM & Aftermarket channel sales market. Leather, Coated Fabrics & Textiles is used for seats, door-side handles, head rests, arm-rests, seat belts, fasteners & cockpit sections. The premium/luxury model of the vehicle employ leather type whereas the standard models employ the latter types owing to the material quality & its associated cost. Foams & Acoustic Barriers are used in auxiliary interior body parts. The product is thus driven both by the automotive OEM for their varied models as well as by end user as per his budget. It can be noted that the existing manufacturers of this material already have a sound access to procurement chemicals & related raw materials. The companies can be a registered to a particular or multiple automotive OEMS which is a determining factor of the company’s standing in the market. These companies are also focusing on different strategies such customized design in order to maintain the market share in the market. Continuous emphasis on new product innovation development by automotive OEMs exists to maintain the competitive advantage by providing more efficient & economic options in the market during the forecast period.

Automotive Soft Trim Interior Market: Regional Outlook

Geographically, the Automotive Soft Trim Interior industry can be divided by major regions which include North America, Western & Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. America, Germany, China and Japan are the major producing nations. In terms of raw materials, Middle East & African countries are major suppliers of Leather; Chemicals by North America, Europe & Asia Pacific including Japan. The market is projected to grow at a steady growth rate. The market would be volume driven across all regions & vehicle segments. Market coverage in existing & untapped regions with OEM order bank would be critical to the company’s business.

The market does not sees any immediate or external threat at present, only material substitution by advanced types may cannibalize the existing material types.

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Automotive Soft Trim Interior Market Players

The major players identified across the value chain of The Haartz Corporation, Benecke Kaliko, Polyone Corporation, Recticel, Classic Soft Trim, and Auto Trim Inc. in terms of manufacturing apart from regional /Medium & Small-scale companies, Material Suppliers & Distributors etc.

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

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Automotive Soft Trim Interior Market Segmentation

The Automotive Soft Trim Interior market is segmented on the basis of the materials involved. The major materials types can be classified as:

Adhesives and sealants have been known since centuries. They are primarily used for bonding of two different substrates. Development in chemicals and polymers technology have brought adhesives and sealants to the next level of industrial solutions. The unique chemicals structure of silicone offers outstanding adhesion properties over other materials. Silicone bonds can resist great stress, pressure and can be stable over extreme temperature conditions. Due to its versatility, silicone adhesives and sealants deliver reliable and long lasting adhesion to different substrates ranging from glass, metals and plastics. Silicone adhesives and sealants offer unparalleled flexibility, resistance to extreme temperatures, durability, outstanding performance and making it suitable for various applications in electronics, aerospace, construction, automotive and healthcare industry.

Various types of silicone adhesives and sealants are available in the market such as one component, two component and UV cured adhesives, which differs on the basis of their functioning and benefits. One component adhesives are more convenient as no mixing is required and it has the ability to cure at normal temperature. While the two component adhesives require mixing and it can cure in thicker parts as compared to one component adhesives. UV cured adhesives use electronic beam for curing without any excessive heat generation. Silicones have unique properties over other adhesives such as temperature stability at high temperature and offers elasticity at low temperature. In addition, silicone has moisture resistance and it is chemically inert which makes silicone adhesives and sealants suitable for many industrial applications.

Silicone material retains its properties over long period and gives excellent performance as compare to other materials due to strength and flexibility. The unique properties of silicone adhesives and sealants make it suitable for various applications such as sealing wires in electronics, structural glazing of façade in construction and medical tapes in healthcare industry. The ability to resist chemicals and water, they have been used for sealing engines and gaskets in the automotive industry.

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Silicone Adhesives and Sealants Market Dynamics

Rising use of UV curing technology and thermosets in the manufacturing of product is expected to enhance production speed, improve scratch resistance and provides superior bonding, which in turn is expected to emerge as the most significant growth driver for global silicone adhesives and sealants market over the forecast period. Further, growing demand of adhesives in the construction industry owing to their various physical and chemical properties as compared to other sealants including polysulfide, acrylic and polyurethane is expected to fuel the demand of silicone adhesives and sealants and thus driving the global silicone adhesives & sealants market.

Silicone adhesives and sealants market is growing with faster pace and trend is likely to continue for the next decade. Asia-Pacific, the largest market for silicone adhesives and sealants is the main contributor for the growth of this market. However, volatile organic compound in silicone adhesives and sealants and rising consumer awareness for environmental safety is expected to restrain the growth of silicone adhesives and sealants. This limits the growth of global silicone adhesives and sealants market.

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Silicone Adhesives and Sealants Market Participants

Examples of some of the key players identified in the global silicone adhesives and sealants market include 3M, Henkel Corporation, ALSTONE, Mc Coy Soudal, Dow Corning Corporation, Momentive, Aerol Formulations Private Limited, Wacker Chemie AG, MASTERBOND, AVERY DENNISON, Sika AG, ACC Silicones Ltd., American Sealants, Inc., Novagard Solutions, NITTO DENKO CORPORATION. Companies are largely focusing on product innovation for providing exceptional performance of the silicone adhesives and sealants.

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

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Silicone Adhesives and Sealants Market Segmentation

The global silicone adhesives and sealants market can be segmented on the basis of type, composition and end-use

Human errors mainly causes most of the accidents and the main cause behind these accidents are vehicle over speeding, distraction while driving, driving after consuming alcohol tailgating, non-adherence to traffic signals, poor lane discipline, etc. However, in most of the countries excessive vehicle speed or speeding on the road has been the major factor for road accidents leading to deadly injuries or even death and its implied costs to the society. For example, close to half of deadly collisions are caused by too much or inappropriate speed in Ireland. The vehicle speed monitoring system is one of the important concerns in order to maintain a safe road.

Vehicle speed monitoring system generally follows a framework which includes – detecting vehicle on the road, measuring vehicle speed, checking speed with the speed limit, sending speed data to a central server wirelessly, generating a speed report and sending report to the speed offender. The significance of global Vehicle Speed Monitoring System is that it decreases the risk of accidents and also aids in the prevention of vehicle thefts. Vehicle speed monitoring system helps to find the speed indication of the vehicle in more or less accurate manner and is also easy to implement.

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Global Vehicle Speed Monitoring System Market Dynamics

The value chain of vehicle speed monitoring system consists of equipment provider, assemblers, software providers, retailers and distributors. The market of global Vehicle Speed Monitoring System is anticipated to be driven by many factors such as increasing vehicular traffic in highways and GPS navigation. Also these systems helps to catch hold the drivers who are driving above a particular speed limit. All the governing bodies of different geographical regions are enforcing the vehicle speed monitoring system in their respective areas. However, global vehicle speed monitoring system have some restraints such as the system is very cost-infusive and overdependence on technology.

Global Vehicle Speed Monitoring System Market Segmentation

The global Vehicle Speed Monitoring System market is segmented on the basis of type of technology such as microwave RADAR-based systems, laser-based systems, ultrasonic-based systems, camera-based monitoring system, intrusive sensors & road tubes, radio frequency identification transponders and satellite-based road traffic monitoring, Anisotropic magneto-resistive magnetic sensors and others. On the basis of application, global vehicle speed monitoring system is divided into fleet monitoring, vehicle scheduling, route monitoring, driver monitoring and accident analysis. On the basis of end users, global vehicle speed monitoring is divided into government bodies and other professional industry.

Global Vehicle Speed Monitoring System Market: Regional Outlook

Geographically, the Global Vehicle Speed Monitoring System  industry can be divided  by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. North America has been the first adopter of the vehicle speed monitoring system in 2014, followed by North America and Asia-Pacific. However, with pace of time, the usage of Collision Mitigation System has increased in North America, Asia-Pacific and Rest of the World. North America is highly expected to exceed that of Europe by 2016 in the Collision Mitigation System Market and will hold a larger market share by 2026.

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Global Vehicle Speed Monitoring System Market Players

The major players identified across the value chain of global Vehicle Speed Monitoring System market includes Pricol limited, Datazone Systems LLC, Fleetmatics Development Limited, Truvelo Manufacturers, Traffic Technology Ltd., MOTO Safety, AIRCO Auto Instruments, Technopurple, SMG Security Systems Inc., Ideal Solutions Company and many others. The companies are emphasizing on research and development and new product development in order to maintain the competitive advantage in global vehicle speed monitoring system market during the forecast period.  In order to meet the increasing demand of vehicle speed monitoring system, companies all over the world are looking for speed monitoring system certification in order to expand the product portfolio and increase the sales strategies. The companies are also focusing on different strategies in order to maintain the market share in the global vehicle speed monitoring system market.

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Vehicle Speed Monitoring System Market

The global market for automotive brake systems is expected to witness a rise of 3% CAGR between the forecast years of 2020-2030. The market is poised to take a hit as COVID-19 disrupts automobile production. Furthermore, economic downturn will also hamper the market in a negative manner in the coming days. Despite the gloomy picture, the global market for automotive brake systems will recover as the world limps back to normalcy by 2021. In the decade long prediction, the demand for automotive brake systems is projected to rise as road safety features will gain prominence amongst manufacturers and producers.

Key Players

Some of the key players operating in the global automotive brake system market are TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG, Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp., and others.

Prominence of Road Safety to Boost Automotive Brake Systems Market

Development of the smart braking systems in automotive brake system market resulted in decreasing number of accidents. The latest advancements prevents the vehicle from skidding minimizing the risk of accidents. Rapid increase in the production and sales of vehicles coupled with stringent regulations regarding stopping distances are anticipated to magnanimously contribute to the growth of the market. Growing demand for installation of passive and active safety in vehicles is expected to trend in automotive brake system market.

Growing concern over road traffic crashes and increasing number of deaths have influenced the key players to integrate robust safety features. Stringent safety regulations by regulatory bodies and governments will continue to drive the growth of automotive brake system market. NHTSA (National Highway Traffic Safety Administration), agency of U.S. DOT (Department of Transportation) has planned to mandate adoption of Automatic Emergency Braking System (AEB) from 2022.

ABS Stands Out as Some Make it a Mandate to Sell Vehicles

The global automotive brake systems market is segmented into system type, vehicle type, and system technology. The system type segment includes disc brake and drum brake. Out of these, the disc brake segment is expected to expand at a rapid pace due to better performance and heat dissipation features. In the coming years, passenger cars will lead the vehicle type segment as automotive sector shows promise of revival as economy inches closes to normalcy. The system technology segment includes traction control system (TCS), antilock braking system (ABS), electronic brake-force distribution (EBD), and electronic stability control (ESC). ABS is projected to dominate as it in mandated in several vehicles.

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Asia Pacific Remains in the Lead with Shifting Focus on India

Asia Pacific is projected to control on the global automotive brake system market with growing number of consumers and manufacturers. The key countries in the mentioned region are projected to be India, South Korea, and China as an outcome of the increasing demand for commercial vehicles and passenger cars. Japan also contributes to the global automotive brake system market remarkably. While China was anticipated to be the largest opportunity in terms of revenue of the industry, the recent pandemic is expected to shift focus to India. Europe is expected to be the second largest market in global automotive brake system market followed by North America.

How Will Growth Unfold?

The automotive sector was anticipating a disruption as economies across the globe nosedived. However, the problem has been compounded due to recent outbreak of COVID-19. It has led to a disruption in production and supply, ceasing demand as consumer confidence is shaken up. However, the future of automobile sector will heavily rely on electronic vehicles as emission norms will get stringent.

Key Highlights

Report Metric	Details
Base year considered	2019
Actual estimates/Historical data	2014 – 2018
Forecast period	2020 – 2030
Forecast units	Value (USD) Bn
Segments covered	System Type Vehicle Type System Technology Region
Market Outlook	Automotive brake system market to surge at a CAGR of 3% 2020-2030 ABS to be popular choice amongst auto makers Asia Pacific to lead with focus on India
Regions covered	North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific
Key Players	TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG,  Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp., and others.
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

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Report Highlights:

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