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Automotive NFC Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2028

The continuously changing world and the technological enhancement in the field of communication becoming more connected thereby creating the need to boosting the technology in an automobile at a faster pace- automotive radar, NFC (Near Field Communication), cellular connectivity, and wireless power are now integrated into the mid and high-end automobile.

Automobile is no longer just a means of transportation but has been embedded with various communication interfaces and devices. Automotive NFC (Near Field Communication) is basically a short range bidirectional communication technology which allows interaction distance of few centimetres at a specified data transfer rate. Automotive NFC is a set of communication practice that allows two electronic equipment, among which is usually one is a portable device such as a smartphone, to establish communication by bringing them within the short distance of other which is fixed to the part. A subset of NFC, RFID appears to expand beyond mobile phones to automobile applications. This can be seen as a differentiating factor for many new in-car functions for the customers and also can simplify the existing in-car functions. Near-field communication stack for an automobile is a runtime software which implements the NFC protocol stack.

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Automotive NFC Market: Dynamics

Demand for Automotive NFC (Near Field Communication) is estimated to increase over the forecast period due to growing usage of vehicles and increasing preference by end users to have an convenient communication system installed in the vehicle. Automotive NFC consumption is highly dependent on the production and new sales of automobile across the globe. Attributes, such as rising per capita income and increased spending by the general population are expected to increase the sales of automobile in the developing economies which are expected to boost the consumption of Automotive NFC in the long-term scenario. Also, individual preference towards the adoption of new technology and innovative products is also expected to fuel the growth of the Automotive NFC market. Increase in the sales of high-end automobiles life have also increased the market of automotive NFC and anticipated to fuel the growth of Automotive NFC market over the forecast period as well.

However, the factors such as low general awareness and low adoption rate in developing economic countries has been seen as a restraint to the growth of the automotive NFC market over the forecast period. However, the prevailing trend to use new technology device for improved results will contribute towards the growth of the demand for automotive NFC market, during the forecast period.

Automotive NFC Market: Regional Outlook

Europe, followed by North America, is expected to hold a major share in the global Automotive NFC (Near Field Communication) market and is expected to behold it even in the forecast period. The Asia Pacific is expected to be the fastest growing market in the Automotive NFC market owing to high growth in new vehicle sales in the region. North America and Europe are a mature market and it is expected to hold more than half of the market share of the global Automotive NFC market. Rest of the world is estimated to account for a relatively small share of the Automotive NFC market.

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Automotive NFC Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Automotive NFC market are:

Sony Corporation
NXP Semiconductors N.V.
Broadcom Inc.
Samsung Electronics Co. Ltd.
STMicroelectronics N.V.
Panasonic Corporation
Alpine Electronics Inc.
Smartrac N.V.
PREMO S.A.

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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Automotive NFC Market: Segmentation

Based on the type, the Automotive NFC market can be segmented as follows:

106 Kbit/s
212 Kbit/s
424 Kbit/s

Based on the Application, the Automotive NFC market can be segmented as follows:

On Board Units
Car Keys
Other

Based on the sales channel, the Automotive NFC market can be segmented as follows:

Aftermarket
Original Equipment Manufacturer (OEM)

Based on the vehicle type, the Automotive NFC market can be segmented as follows:

Passenger Car
Compact
Mid-size
Premium
Luxury
SUV
Light commercial vehicle
Heavy commercial vehicle

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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Biopsy Device Market is set to register a CAGR of 5.2% And sales is expected to reach US$ 3089.2 Million By 2031

Over the 10-year forecast period 2021-2031, the global biopsy device market is estimated to witness a moderate yet promising CAGR of 5.2%, according to Future Market Insights. In a recently published report titled “Global Biopsy Device Market: Global Industry Analysis and Opportunity Assessment, 2021–2031” Future Market Insights analyses the market for biopsy device and offers key insights factors driving growth. Valued at around US$ 1,862.6 Mn in 2021, the market is forecast to surpass a valuation of US$ 3,089.2Mn by 2031-end.

Patients are increasingly preferring minimally invasive surgical procedures in order to avoid conventional surgical complications and side-effects, promoting sales of biopsy devices, leading to the growth of the biopsy devices globally. In addition to enabling the accurate diagnosis, a biopsy device assures minimal patient discomfort and trauma. This is identified to be a major factor impacting the popularity of biopsy, and biopsy device thereby.

Key Opportunities for Manufacturers and Suppliers:

Developing economies present lucrative, untapped markets for biopsy device.
Growing adoption of hybrid imaging technology will underpin new growth opportunities.
Following massive consumption by hospitals, demand for biopsy device from specific oncology centers and research institutes will prompt at multiple opportunities in near future.
Surging demand for minimal invasive breast biopsy highlights lucrative opportunities that lie in the breast cancer sector.
Increasing adoption of biopsy device by oncologists will generate several revenue generation opportunities in the disease monitoring sector.

Supported by increasing discretionary funding for cancer research, growing government expenditure for healthcare and favorable reimbursement scenario (especially in the U.S.) will collectively elevate the revenue sales of the global biopsy device market. Collaborations between various government and private companies, fuelled by increasing awareness about disease diagnosis and monitoring, will further elevate the market growth in near future.

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M&A and Technological Upgrades Remain at the Forefront

A majority of key players in the global biopsy device market are currently focusing on providing innovative biopsy tests and technological upgrades. Mergers, acquisitions, and partnerships with diagnostic laboratories will help to strengthen their presence in the global market.

Among the top companies, Becton, Dickinson and Company is concentrating on innovative, cost-effective product development, whereas Hologic, Inc. is targeting manufacture and sales of biopsy devices, especially for breast cancer surgeries. Other notable players include Boston Scientific Inc., C. R. Bard, Inc., B. Braun Melsungen AG, Cook Medical, INRAD Inc., and PLANMED OY.

Argon Medical, one of the promising new entrants, is expanding its product portfolio and collaborating with established players, whereas for Devicor Medical Products Inc., M&A remains the key strategy.

North America Remains the Most Lucrative Market

North America will remain the dominant market and is expected to surpass US$ 882 Mn by 2031 end, accounting for over 33% share of the market. Western Europe is expected to remain the second largest market for biopsy device, crossing a value of US$ 683 Mn by the end of 2031, capturing over 26% share of the market.

APEJ, with around 14% market value share in 2031, reaching a valuation of around US$ 370.0 Mn by the end of forecast period. MEA will register the fastest CAGR of 7.3%, followed by APEJ and Latin America with the respective CAGRs of 7.1% and 6.5% over 2021-2031. North America, Europe, and Japan will see moderate growth over the forecast period.

Biopsy Needles To Remain Top-selling Product Category

By product type, needles will remain dominant with over 36% share of the market value in 2031, whereas guns will represent the second largest sub-segment with over 26% market value share in 2031. With growing significance of early diagnosis of breast biopsy, guidance system segment is estimated to gain around 222 BPS in its market share by 2031 over 2021. Stereostatic X-ray guided biopsy will drive the guidance system segment through to 2031. Reagents and kits will witness moderate consumption.

Medical Diagnostics Monopolize Application Segment

Based on application type, medical diagnostics will continue to hold a dominant share of over 61% by 2031 end, in terms of revenues. Scientific research, accounting for the rest, will witness an impressively growing CAGR of 6.9% over 2021-2031. This segment is expected to reach beyond US$ 1,008.0 Mn in 2031.

Hospitals Remain Largest End-use Consumer

By end-user, hospitals will continue to contribute nearly 50% share to the market value by 2031 end. This end-use segment will witness a robust CAGR of 8.2%. Diagnostic centres will account for over 23% in 2031 with a slight decline over 2021-2031, whereas specialised oncology centres are anticipated to expand at a CAGR of 6.1% during 2021-2031.

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Biopsy Device Market – Market Segmentation

By Product Type:

Guidance System
- Stereotactic X-Ray Guided Biopsy
- Ultrasound Guided Biopsy
- MRI Guided Biopsy
Needles
- Core Needles
- Fine Aspiration Needles
Guns
Reagents and Kits
Others (Brushes, Curettes and Punches etc.)

By Application:

Medical Diagnosis
Scientific Research

By End Use:

Hospital
Specialised Oncology Centres
Diagnostic Centres
Research Institutes

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By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Sleep Apnea Diagnostic System Market valuation to reach US$ 5.4 Billion over the forecast period of 2022 and 2031

Future Market Insights, Dubai: ESOMAR-certified consulting firm Future Market Insights’ projects the global sleep apnea diagnostic systems market valuation to reach US$ 5.4 Bn over the forecast period of 2021 and 2031.

Growing demand for advanced polysomnography (PSG) devices within sleep centers & clinics and hospitals is accelerating sleep apnea diagnostic systems sales across the globe.

Demand for sleep apnea diagnostic systems is rising extensively in emerging economies as there is a large pool of undiagnosed and untreated sleep apnea patients.

Increasing application within sleep centers & clinics and at homecare settings for in-lab testing is expected to spur the sales during the assessment period.

As per the FMI’s analysis, due to the outbreak of COVID-19, the global sleep apnea diagnostic systems market registered spike in demand as the number of patients with depression and mental health issues spurred during 2020-2021.

Increasing funding by governments and initiatives undertaken to create awareness about sleep disorders have encouraged manufacturers to increase the research & development activities. This also has encouraged the development of advanced PSG devices and wearable sleep apnea diagnostic systems.

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Key Takeaways from FMI’s Sleep apnea diagnostic systems Market Study

By end-user, sleep centers and clinics are expected to be the primary end-user in sleep apnea diagnostic systems market
Hospitals and homecare settings are expected to exhibit robust growth during the forecast period owing to the increasing demand for devices at home-care settings
In terms of product, polysomnography (PSG) devices are expected to be the most preferred devices
The U.S. will be the most lucrative market owing to the rising prevalence of sleep apnea and other lifestyle disorders
China and India will spearhead the growth of East & South Asia backed by the adoption of advanced PSG devices across the region
Brazil is expected to have incremental growth opportunities owing to the large pool of untreated and undiagnosed cases of sleep apnea

“Ever expanding pool of undiagnosed sleep apnea patients, especially across developing economies such as India, China, and Brazil, will generate remunerative growth opportunities for the sleep apnea diagnostic systems market players over the coming years,” says the FMI analyst.

Who is Winning?

Koninklijke Philips N.V., Becton, Dickinson, and Company, Braeden Medical Corporation, Advanced Brain Monitoring Inc., SOMNO medics GmbH, ResMed Inc., BMC Medical Co. Ltd., Natus Medical Incorporated, MGC Diagnostic Corporation, and Cleveland Medical Devices Inc. among others are some prominent players operating in the Sleep apnea diagnostic systems market.

As per the FMI’s analysis, Koninklijke Philips N.V., and ResMed Inc. are identified as leading players in the sleep apnea diagnostic systems market. These manufacturers are focusing on product innovation and new launches to maintain their leading position.

Collaborations with hospitals and sleep centers & clinics is the core strategy to strengthen their distribution networks. Key players are also focusing on other strategies such as mergers and product introductions to increase their sales.

Other regional and local players also account for considerable market share in the global sleep apnea diagnostic systems market, opines Future Market Insights.

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Sleep Apnea Diagnostic Systems Market by Category

By Product:

Polysomnography (PSG) Devices
- Ambulatory PSG Monitoring Devices
- Clinical PSG Monitoring Devices
- Sleep Apnea Screening Device
Nasal Flow Sensors
Peripheral Capillary Oxygen Saturation (SPO2)
Actigraphy Monitoring Devices

By End-User Type:

Home Care Settings
Hospitals
Sleep Centers & Clinics

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan
Japan
Middle East and Africa (MEA)

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Plasma Separation Tubes Market is expected to reach US$ 874.6 Million by 2031

[250 Pages Report] According to a recent study by Future Market Insights (FMI), sales in the plasma separation tubes market are expected to top US$ 466.6 Mn in 2021. The market is likely to register a CAGR of over 6.5% during the forecast period, from 2021 to 2031.

Plasma present in a human blood is one of the convenient sources which can circulate biomarkers. The antibodies, antigens and foreign nucleic acid present in plasma, help to diagnose a variety of serious infectious diseases including cancer, Alzheimer’s, and those caused due to Zika or Ebola virus during outbreaks.

As per The Lancet’s 2020 report on the global burden of diseases 2019, which was led by the Institute of Health Metrics & Evaluation analyzed more than 286 causes of death and stated that around 204 countries across the globe were affected by nearly 369 kinds of diseases and injuries associated with more than 80 risk factors. Global crisis due to chronic diseases and related risk factors have left a large number of population at a higher risk and vulnerable to acute health emergencies like in COVID-19 cases.

High prevalence of diseases together with growing researches into development of novel products like miniaturized versions of plasma separation tubes is expected to give opportunity for the market players to invest and grow in the future.

Plasma separation tubes products portfolio involves EDTA tubes, lithium heparin tubes and sodium heparin tubes. There is a growing demand from healthcare sector for advances in developing systems which can help plasma separation from blood without affecting its yield or purity while avoiding variability due to hemolysis.

The centrifugation process thus plays an important role to alleviate such issues. This in turn has increased the demand for tubes for plasma separation. The increasing ageing population world-wide together with improved healthcare infrastructure, rising investment towards healthcare expansion by governments, and investments in research and developments are expected to stimulate growth in the plasma separation tube market.

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Key takeaways from Plasma Separation Tubes Market study

By product, EDTA tubes comprise the most lucrative segment. Demand for EDTA tubes will grow at a CAGR of more than 7.2% over 2021-2031.
By material, PET/Plastic tubes will lead the market in the forecast period growing at CAGR of 6.7%.
By application, routine chemistry will dominate the market with more than 34% of the share in 2031.
By end user, diagnostic laboratories segment is leading the market and expected to hold more than 46% of revenue share over the forecast period.
Europe will dominate the global plasma separation tubes market in terms of revenue in 2021, followed by East Asia.
China holds lead in in East Asia and is expected to account for nearly 66% of market share by 2031.

“With competition expected to soar in the coming years, market players are expected to shift focus towards expansion of their portfolio. Besides investment in advanced product development, some are expected to emphasize on mergers and acquisitions to strengthen their global footprint,” said a FMI analyst.

Who is winning?

Some of the leading manufacturers of plasma separation tubes are focusing on innovative and strong product portfolio management, increased investment in research and development, online & offline engagement and partnerships as growth strategies, in order to enhance their market presence.

In June 2018, Poly Medicure acquired Plan 1 Health S.R.L., one of the prominent medical device player operating in Italy. This acquisition will help company to expand its geographical reach as well as enhance its portfolio in the medical device industry region. Further, as per agreement, Plan 1 Health S.R. L. will now operate as a subsidiary of Poly Medicure B.V, and indirect subsidiary of Poly Medicure Limited.
In June 2021, Sekisui Medical acquired Veredus Laboratories Pte.Ltd., a testing company based out of Singapore. This acquisition enabled the company to strengthen their presence in the Asian economies
In March 2018, BD upgraded its instruction for its BD Vacutainer tubes as a part of its quality process, which ensures appropriate use of these tubes
In Oct 2018, Aptaca introduced VacuAptaca series for its vacuum collection blood and urine devices

The key market players covered includes Becton, Dickinson, & Company, Greiner Bio-One GmbH, Guangzhou Improve Medical Instruments Co.,Ltd, AB Medical, Inc., SARSTEDT AG & Co. KG, Cardinal Health, Poly Medicure Ltd, FL Medical , InterVac Technology, CHENGDU RICH SCIENCE INDUSTRY CO., LTD., Zhejiang Gongdong Medical Technology Co., Ltd., Aptaca Spa., Hindustan syringes & Medical Devices.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global plasma separation tubes market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on plasma separation tubes segment based on Product (EDTA tubes, lithium heparin tubes and sodium heparin tubes), by material (PET/Plastic and glass), by application (routine chemistry, serology & immunology, blood typing, blood sugar assay , molecular genetics, others), end user (diagnostic laboratories, hospitals & clinics, research & academic institutes, veterinary hospitals & clinics) across seven major regions.

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Plasma separation tubes Market by Category

Product

EDTA Tubes
Lithium Heparin Tubes
Sodium Heparin Tubes

Material

PET/Plastic
Glass

Application

Routine Chemistry
Serology & Immunology
Blood Typing
Blood Sugar Assay
Molecular Genetics
Others

End User

Diagnostic Laboratories
Hospitals & Clinics
Research & Academic Institutes
Veterinary Hospitals & Clinics

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Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)

Aircraft Galley Inserts Market Key Manufacturers, Development Trends and Competitive Analysis 2028

The global aviation industry is witnessing a transition owing to the increasing passenger traffic across the globe. With this what comes along is the need for better passenger catering services accompanied by elegant aircraft interiors. This is expected to be one of the prime reasons which will certainly drive the growth of aircraft galley inserts market in the coming years. Aircraft Galley inserts are basically the cooking appliances which are used for the cooking purpose for the flight passengers.

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Moreover, Aircraft Galley inserts generally includes appliances such as water chillers, refrigerator, microwave, coffee maker, convection oven among others. The type of Aircraft galley inserts usually depends upon the type of aircraft, type of galleys and the specific requirement of the customers. Manufacturers of the galley inserts specifically used for aviation purpose usually focus on designing and manufacturing the equipment in such a way that they can be easily used for retrofit aircraft interiors.

Usually the aircraft galley inserts being supplied adhere to the ATLAS and ARINC standards. Increasing preference towards refurbishment of the old aircrafts to improve the aircraft interiors so as to reduce the investment is expected to create opportunities for augmentation of the aircraft galley inserts market in the near future.

Aircraft Galley Inserts Market: Dynamics

Growing air travel coupled with affordable air tickets is one of the prime reasons which is expected to ramp up the aircraft galley inserts market. As the passenger traffic increases the demand of improved catering services is on a high. Owing to this the demand of aircraft galley inserts such as microwave, water systems is expected to increase considerably in the coming years. Moreover, the galley inserts manufacturers are focusing on increasing their investment in research and development of lightweight and reliable galley inserts in order to cater to the demand from the aviation industry. This is expected to further supplement the growth of the market over the assessment period. Furthermore, shifting trend towards refurbishment of aircraft would further ramp up the market in the coming years.

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Increasing demand of innovative aircraft interiors coupled with introduction of energy efficient galley equipment is expected to set up the table for significant growth of the aircraft galley inserts market in the near future. The demand of lightweight galley inserts is on a high. Owing to this the manufacturers are focusing on designing the equipment in such a way that they adhere to the space and weight constraints. Moreover, the number of long-haul flights have increased significantly in the recent years. This trend is expected to continue in the coming years. Owing to this the galley inserts market is expected to further augment over the forecast period.

However, in few regions across the globe the rise in taxes will have a direct impact on the growth of the market. With increase in the cost of the tickets the passenger traffic will reduces also hampering the investment in the research and development of advanced galley inserts. Presence of number of tier two and tier three players in the market hamper the investments in the development of galley inserts which may somehow derail the growth of aircraft galley inserts market in the near future.

Aircraft Galley Inserts Market: Regional Outlook

Asia Pacific region is expected to witness significant growth opportunities in the coming years, this can be attributed to the increasing passenger fleet in the region. Adding to it, the government of many developing countries of the Asia Pacific region are focusing on the strengthening their naval forces. Owing to this the demand of the aircraft galley inserts is expected to augment in the coming years. Moreover, prominent manufactures of the North America and Europe region are also focusing on introducing technologically advanced galley inserts in the market. This is expected to further open new horizons for the augmentation of the market in the coming years.

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Aircraft Galley Inserts Market: Key Participants

Zodiac Aerosystems
Rockwell Collins, Inc.
JAMCO Corporation
Air Cabin Engineering, Inc.
Jeitek
Loipart AB
Kang Li Far East Pte Ltd.
Aerolux Ltd
Aluminox S.A.
Hannams Pty Ltd
Dynamo Aviation Inc.
Sell GmbH

The report covers exhaust analysis on:

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

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Machine Condition Monitoring Market is expected witness a CAGR of 5% between forecast period of 2020-2030

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.

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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.

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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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Needle-Free Injectors Market surging at 11.4% CAGR during the forecast period (2022-2031).

[250 pages] Global Needle-Free Injectors Market is projected to surge at an impressive rate of 11.9%CAGR between 2021 and 2031, totaling US$ 12.3 Bn in 2021. As per Future Market Insights (FMI), the liquid injections segment will remain most preferred in terms of load, accounting for over 88.4% of sales in the market in 2021.

According to a latest study by Future Market Insights (FMI), global needle-free injectors’ sales are expected to reach US$ 12.3 Bn in 2021, surging at 11.4% CAGR during the forecast period (2021-2031).

Needle-free injection is an innovative drug delivery technology that drives drugs to the skin using force which virtually nullifies the use of hypodermic needle. With growing preference for non-invasive drug delivery system and vaccines, adoption of needle-free injectors is expected to improve over the coming years

Application of needle-free injectors is increasing with rising incidence of diabetes and other chronic diseases across the globe. With increasing number of surgeries, demand for minimally invasive procedures is accelerating the sales of needle-free injectors.

According to Centers for Disease Control and Prevention (CDC), more than 51% of adults in U.S. had at least 1 chronic condition, and 27.2% had multiple chronic conditions in 2018.

Other factors driving the global demand are cost-effectiveness and safety related to needle-free injectors.

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Key Takeaways from Needle-free Injectors Market study:

By load type, liquid injections segment will hold around 88.0% of value share globally.
Based on the technology, spring-loaded jet injector is dominating the market, with over 48.0% of the market share.
Based on the delivery site, intra dermal injector is expected to hold over 33% of the market share.
Application of drug delivery will spur the sales of needle-free injectors, with the segment accounting for 65% of the market share.
Based on the usage, reusable needle free injectors are highly sought-after, contributing over 78% of the market revenue.
Hospitals are expected to be the primary end-users, holding a market share of 28% during the forecast period.
By region, North America will dominate the global needle-free injectors market, holding 42% of total market share.
Europe is expected to be the second-largest market, with Germany spearheading the market growth .
India will emerge as the most lucrative market across South Asia, accounting for nearly 50% of market share in 2021.
China will hold leading position in East Asia and is expected to account for nearly 46% of market share.

needle free injectors market characteristics and attributes with regional relevance 2021

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Needle-free injectors Market by Category

By Load:

Liquid Injections
Powder Injections
Projectile Injections

By Technology:

Spring-loaded jet injector
Battery-powered jet injector
Gas-powered jet injector

By Delivery Site:

Intra dermal injectors
Intramuscular injectors
Subcutaneous injectors

By Application:

Drug Delivery
Vaccines
Cosmetic
Others

By End User:

Home Care Settings
Long Term Care Centers

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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Global Automotive Exhaust Manifold Market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026

With a key focus on the development of new technologies, in line with stringent government regulations aimed at emission control, the demand for efficient automotive exhaust manifold systems is estimated to grow at a rather modest rate, in 2019, as indicated by Future Market Insights (FMI) in a recently published market intelligence report. As per the analysis, the global sales of automotive exhaust manifold systems is estimated to be valued at US$ 8.6 Billion, by the end of 2019, representing an annual growth rate of approximately 3.5 percent, during the said period.

[280 Pages] Future Market Insights (FMI) has forecasted the global automotive exhaust manifold market to grow with a year on year growth of 3.8% in 2022 reaching a value of about US$ 9.7 Bn by 2022 end. The exhaust manifold is an important part of automotive exhaust systems as it keeps hazardous exhaust fumes out of the vehicle and away from the occupants. The global market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026.

Apart from comprehensively studying the key dynamics shaping the growth trajectory of the global automotive exhaust manifold market, FMI study also offers in-depth segmental analysis, under several categories including material, product, engine, vehicles, fuel, and sales channel.

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Demand for clean and efficient transportation is increasing, given the environmental concerns, stringent regulations regarding carbon emissions and footprint reduction initiatives taken by several governments, globally, will predominantly drive the sales of automotive exhaust manifold systems, in the coming years, predicts FMI.

Material Advancements for Strong, Durable Automotive Exhaust Manifold Systems

Top companies operating on the global automotive exhaust manifold systems market are increasingly developing efficient, durable, and long-lasting exhaust systems for a better load bearing capacity of the engines. Advancements in science technologies (for materials) in manufacturing industries have allowed players to use newly developed materials such as alloys of stainless steel, making exhaust manifolds durable and robust under extreme pressure and temperature conditions, apart from making the vehicles much lighter.

In addition, companies are also innovating novel exhaust system technologies, in agreement with government regulations such as Euro 6C, China National Standard V and VI, Bharat Stage VI. FMI anticipates significant innovations in the automotive exhaust manifold systems market in view of such emission regulations.

Key Takeaways from Segmental Analysis

In terms of materials, automotive exhaust manifold systems made of cast iron will gain a significant market share of approximately 64 percent, through the forecast period of 2018-2026, given the material’s contamination resistance, thermal stability and the strength needed for consistently high levels of performance and durability in several automotive application.
However, stainless steel will gain a substantial market share, post 2022, as favorable properties such as corrosion resistance, good strength and aesthetics gain high preference.
On the basis of vehicle type, the passenger car segment will exhibit maximum adoption of exhaust manifold systems, holding more than three-fourth of the market value share by 2026.
In term of product type, log manifold will dominate the automotive exhaust manifold systems landscape, with approximately 85 percent market share, given the product’s longer life and efficient operations in real time working conditions.
With nearly 88 percent market share, inline engines will exhibit maximum installations of exhaust manifold systems, given the engine’s balance compared to V line counterpart because of the equal weight distribution.
Sales of automotive exhaust manifold systems, through OEM channel will contribute the maximum revenue, versus aftermarket fitments.
APEJ is projected to hold a notable share in the global automotive exhaust manifold systems market, given the increasing investments by car manufacturers in developing markets and an ever-expanding urban landscape in the region.
Eastern Europe automotive exhaust manifold systems market is also likely to witness substantial growth, with Germany and France at the fore.

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Overview of Automotive Exhaust Manifold Market Structure

The global Automotive Exhaust Manifold market is a highly consolidated one with major players such as Tenneco Inc., Faurecia SA, Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. KG, Futaba Industrial Co. Ltd, Sango Group, Friedrich Boysen GmbH & Co. KG., Sejong Industrial Co. Ltd., Westcast Industries Inc. and Yutaka Giken Company Limited accounting for significant share of the global Automotive Exhaust Manifold market.

Automotive Exhaust Manifold Market Segmentation

Sales Channel

OEM
After Market

By Material

Cast Iron
Stainless Steel

By Product Type

Log Manifold
Tubular Manifold

Engine Type

Inline
V Line

Vehicle Type

Passenger Car
LCV
HCV

Fuel Type

Passenger Car
LCV
HCV

Table Of Content

Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Supply Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Trend

Market Forecast

4.1. Market Volume (Units) Projections

4.2. Pricing Analysis

4.3. Market Size Projections

4.3.1. Y-o-Y Projections

4.3.2. Absolute $ Opportunity Analysis

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Key Insights from Competition Tracking

Competition in the automotive exhaust manifold systems market is projected to remain significantly high with top companies contributing nearly 60-70 percent to the market. The market for automotive exhaust manifold systems is anticipated to remain consolidated over the forecast period, as per FMI.
Demand and supply curve of automotive exhaust manifold systems is estimated to remain on the linear side, through the forecast period.
Key companies are diligently concentrating on increasing its production so that they are able to meet the global demand for automotive exhaust manifold systems.
Investments in research and development will increase, further driving the production of novel automotive exhaust components. Collaborative developments via a partnership with research institutes and industry players to pave the way for innovative products.
Key players are also projected to enter in joint ventures and acquisition for strategic positioning in regional markets, while also increasing their profitability and create growth opportunities.

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Automotive Seat Heater Market is projected to witness a CAGR of 6.2% from 2022 to 2028

Future Market Insights (FMI) has published a new research report on automotive seat heaters. The report has been titled, “Automotive Seat Heater Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028.” The report states that the growing inclination of consumers across the globe towards luxury and premium vehicles is expected to boost the demand for automotive seat heaters over the coming years. The market for seat heaters is substantially dominated by a limited number of manufacturers who primarily cater to demand from OEMs. On the flipside, the market is witnessing the presence of a large number small-scale manufacturers predominantly based out of the Asia Pacific, who supply their products to cater to the growing demands in the independent aftermarket.

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For instance, the Continental AG has a wide portfolio of products that find application in passenger cars, trucks and buses, agricultural vehicles, construction vehicles, marine solutions (engine monitoring, navigation and vessel information systems) and two wheelers. Similarly, other companies are also gearing up to expand their product portfolio. A few of the other companies operating in the global market include Panasonic Corporation, Gentherm Incorporated, Kongsberg Automotive, II-VI Incorporated, and I.G.Bauerhin GmbH, among others.

According to the report, the global automotive seat heater market is projected to witness a CAGR of 6.2% from 2022 to 2028. The market is expected to be worth US$ 922.6 Mn in 2022 and touch a valuation of US$ 1,678.9 Mn by the end of 2028.

High Use of Seat Heaters in Cold Regions to Lead to Rise in Demand

The temperature inside an automobile cabin can drop to subzero levels during cold winter and extremely cold environmental conditions. Under such punitive conditions, the driver inside the vehicle can experience localised cooling as the driver’s exposed body surface (15% to 20%) comes in contact with the seat base and back support. Moreover, the heating system within a vehicle tries to respond to the comfort level of the driver but only until a certain period of time. To overcome this problem, many automobile seats are incorporated with embedded heating pads to enhance the driver’s thermal comfort, particularly during the initial period of driving. The heat generated from seat heaters is transferred through the seat cover. This feature has generated keen interest in the development of efficient seat heating systems that guarantee a driver’s thermal comfort in cold winter conditions. As a result, the demand for automotive seat heaters is high in North America and Europe.

Another factor that is expected to have a major impact on the market is the growing adoption of hybrid and electric vehicles. The prevalence of many big electric vehicle manufacturers across the globe such as Volkswagen group, Honda Motor Co., Ltd., Nissan Motor Corporation Ltd., Mitsubishi Motors Corporation and Toyota Motor Corporation will help the growth of the electric vehicle segment. Moreover, increasing support from the government coupled with strict emission norms will also offshoot the demand for electric vehicles, which in turn, will upsurge the demand for automotive seat heaters.

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Automotive Seat Heater Market by Category

By Vehicle Type :

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel :

OEM
Aftermarket

By Region :

North America
Latin America
Western Europe
Eastern Europe
South East Asia & Pacific
Middle East and Africa (MEA)
China
India
Japan

Key Players

Gentherm Incorporated
Kongsberg Automotive
Continental AG
II-VI Incorporated
Panasonic Corporation
I.G. Bauerhin GmbH
Seat Comfort Systems, Inc.
Roadwire LLC
Firsten Automotive Electronics Co., Ltd.
Rostra Precision Controls, Inc.
Guangzhou Tachibana Electronic Co., Ltd.
SINOMAS
Changchun SET Electronics Co., Ltd

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Seasonal Requirement of Automotive Seat Heaters to Stand in the Way of Market Expansion

Seat heaters are provided as a seasonal feature and are generally required for automobiles in winter. When the temperature is low, seat heaters play an important role in providing a certain level of comfort to the driver, but are of no use in other seasons. Therefore, the application of seat heaters in regions such as MEA and Asia Pacific where the temperature does not dip so low during winter is limited, which is expected to hamper the growth of the seat heaters market.

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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 Timing Chain and Belt Market is projected to increase at a CAGR of 4.2% by 2027

The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2022 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%. According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

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Global Automotive Timing Chain & Belt Market: Dynamics

Urban logistic control increases the demand for automotive belts and chains
Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
Shift of component manufacturers’ focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
Research, development and innovation of automotive time/chain components is a key growth driver

Global Automotive Timing Chain & Belt Market: Forecast by Product Type

On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.

Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type

On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Engine Type

On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.

Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel

On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Region

APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.

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Market Segmentation

Vehicle Type

Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
Off Highway Vehicles

Product Type

Chain
- Roller Chain
- Non-roller Chain
Belt
- Dry Belt
- Belt In Oil

Engine Type

Gasoline
- Inline Engine
- V-Engine
Diesel
- Inline Engine
- V-Engine

Sales Channel

Original Equipment Manufacturer (OEM)
Aftermarket

Region

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
Middle East and Africa (MEA)

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Global Automotive Timing Chain & Belt Market: Key Players

Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.

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