Market Research Blog

A recent market study published by Future Market Insights (FMI) on the unified communication as a service (UCaaS) market includes a global industry analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.

 

The Unified Communication as a Service (UCaaS) market revenue totalled US$ 19.6 Bn in 2020, according to Future Market Insights (FMI) analysis. Rising at a CAGR of 14.5% between 2021 and 2031, the overall market is expected to reach US$ 85.7 Bn by 2031.

The demand for UCaaS solutions will accelerate with top 5 providers holding around 36.5% of total market in 2020.

Newly released data on the UCaaS demand outlook indicates 12.8% y-o-y growth in 2021. Among industry vertical, share held by BFSI sector will remain highest among all. However, the IT & telecom segment will grow at 18.1% CAGR through the assessment period.

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COVID-19 Impact Analysis on UCaaS Market

The outbreak of coronavirus (COVID-19) has created the need for organizations to adapt today’s fast-paced world where the business continuity is a must. The outbreak of COVID-19 pandemic is marking a rare occasion where business leaders globally have to quickly enable their workforces to work remotely for an extensive period of time.

Owing to this factor, organizations are incorporating remote work into their businesses where the communication and remote work policy holds the key to meet the expectation between management and workforce.

According to Future Market Insights, the COVID-19 pandemic is expected to accelerate the adoption of cloud computing not just as a technological shift, but also as an operating model as enterprises across the globe acknowledge limitations of their current situation.

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Key Takeaways: UCaaS Market

• By solution segment, the integrated UCaaS platform/suite is anticipated to account for the leading share in the global UCaaS market during the forecast period. The segment estimated to grow at a robust CAGR of 17.3% through 2031.
• The demand for UCaaS in small and medium enterprises (SMEs) is expected to rise at maximum pace as these organizations continue adopting UCaaS and cloud based solutions for better ROI.
• Demand for UCaaS in IT & Telecom and BFSI sector is estimated to grow at an impressive CAGR. Of these, BFSI industry is expected to account for leading share in UCaaS market during the forecast period.
• North America is expected to lead the market followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
• The market in Japan is expected to progress at a CAGR of more than 17% through 2031.
• In the U.K., sales are expected to increase at a CAGR of close to 18% over the next ten years.

 “Increasing adoption of cloud-based communication and collaboration tools such as web conferencing, cloud storage, unified messaging and others, especially during lockdown imposed to contain the COVID-19 outbreak is creating opportunities for the UCaaS market. The demand will continue surging as more organizations roll out work from policies to ensure employee safety,” says FMI analyst.  

Competitive Landscape

Intense competition and growing customer expectations are creating a storm in the global UCaaS market which is compelling solution providers to innovate and improve customer engagement. The accelerated shift by the customers to cloud communication is creating a demand for enhanced user productivity and flexibility and is creating the opportunities for advanced communications and collaboration tools.

For instance, in May 2021, 8×8, Inc. announced Experience Communications as a Service (XCaaS), a cloud communications deployment model that erases the boundary between Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS). With XCaaS, organizations can support the communications requirements of all employees as they work together to deliver differentiated customer experiences.

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Some of the leading companies operating in the market are:

The global business analytics BPO services market revenue is forecast to register 12.6% year-on-year growth in 2021 backed by rapid advancements in telecom and IT industry. Future Market Insights (FMI) has forecast the market to surpass valuation of US$ 22.9 Bn at a compound annual growth rate (CAGR) of 13.9% by the end of 2031.

Organizations are emphasizing on optimizing their business operations by leveraging the potential of enterprise data generated through cloud based applications and social media networking. Effective utilization and transformation of the data will assist the enterprises in gaining more customers, improve market shares and lead to long term productivity.

Business analytic services are implemented to help organizations reduce their operational cost, improve business operations, and make informed business decisions on the basis of trends generated after analysis of discrete data.

Rise in outsourcing of analytic services is observed in recent years as companies aim at focusing on their core operations and optimize available resources. Outsourcing is forecast to increase in upcoming years as consolidation in business data is on the rise. The market players are investing in hiring and training programs to cater the rising demands.

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However COVID-19 pandemic had a negative impact on the market with small business taking the hardest hit. They are switching towards business analytics to restore their business continuity and manage their marketing and finances in these unprecedented times. These factors are expected to drive the sales of business analytics post COVID.

“Rising demand for business analytic services to manage and transform complex and high volume of enterprise data and use of machine learning across small and medium enterprises will remain a chief growth driver,” says the FMI analyst

Key Takeaways

• The U.S. is predicted to account for around 86% of the North America market by 2031, supported by the presence of leading market players and increasing outsourcing to emerging countries from BFSI, retail, telecommunication and healthcare sector.
• Business analytics BPO services market in India is forecast to grow at more than 26% CAGR over the forecast period backed by rapid industrialization and emergence of multiple start-ups in the country.
• Rising digitalization in small and medium enterprises and incorporation of advanced technical solutions in business processes will drive the sales of business analytics BPO services in U.K. reaching the valuation of US$ 256.9 million by the end of 2021.
• Increasing demand of business analytics BPO services by small and medium enterprises to acquire and retain customers will drive the market growth in upcoming years.
• Demand for data analytics & visualization services are estimated to grow at a robust CAGR of 18.6% through 2031.
• Increasing demand for analytics in financial sector will help the BSFI sector to register remarkable CAGR of 17.6% over the assessment period.

Competitive Landscape

IBM Corporation, Accenture, Wipro Limited, Capgemini, and Infosys Limited, among others are the leading market players operating this market. FMI states that, they account for more than 60% share in global business analytics BPO services market.

Market players are looking to enter new various developing economies by forming an alliance with regional distributors. They are also focusing on collaborating with regional players to promote innovation and product development along with solidifying their global distribution network.

For instance,

• Wipro Ltd. recently joined hands with IBM Corporation to design and develop hybrid cloud computing system to assist business manage, migrate and transform mission-critical workloads and applications in IT environments.
• Accenture PLC completed the acquisition of a data and machine learning business Mudano in February 2020. The acquisition allowed Accenture to upgrade its data transformation and analytics services for financial enterprises in the U.K.

Some of the leading companies operating in the business analytics BPO services market are:

• IBM Corporation
• Accenture
• Wipro Limited
• Capgemini
• Infosys Limited
• Tata Consultancy Services (TCS)
• HCL Technologies
• Cognizant
• Tech Mahindra Limited
• Genpact
• WNS Global Services
• EXL Service
• Firstsource Solutions Limited
• Concentrix
• ScienceSoft

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More Insights on the Global Business Analytics BPO services Market

Future Market Insights, in its new offering, provides an unbiased analysis of the business analytics BPO services market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the business analytics BPO services market with a detailed segmentation on the basis of

By Services:

• Data Analytics & Visualization Services
• Risk Analytics Services
• Marketing & Sales Analytics Services
• Supply Chain Analytics Services
• Financial Analytics Services
• Others

By Enterprise Size:

• Small and Medium Enterprises (SMEs)
• Large Enterprises

By Industry:

• BFSI
• Manufacturing
• Retail
• IT & Telecom
• Government
• Healthcare
• Travel & Hospitality
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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 Key Questions Covered in the Report

• The market survey also highlights projected sales growth for business analytics BPO services market between 2021 and 2031
• The report offers insight into business analytics BPO services demand outlook for 2021-2031
• Business analytics BPO services market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
• Business analytics BPO services market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

The global real-time store monitoring (RTSM) platform market outlook remains positive with Future Market Insights projects it to surpass a valuation of US$ 1.09 Bn in 2021.

Increasing adoption of artificial intelligence and machine learning technologies for store management operations will remain a key growth driver. Growing adoption of digital technology to improve the workflow and facilitate the transformation of retail industry will fuel the demand over the coming years. With increasing preference of online shopping, industry players are adopting digital technologies and methods to understand the pattern of consumer behavior. To sustain competitive edge, end-users are adopting real-time store monitoring platforms. Against this backdrop, FMI forecasts exponential growth in demand for real time store monitoring services. According to the report, the segment will exhibit a stellar growth at a CAGR of 20.3% over the assessment period.

The market will exhibit stellar growth in response to the increasing demand for automation and digitalization of operations from small and large enterprises. As per the study, real-time store monitoring platform sales will continue rising at an impressive pace between 2021 and 2031.

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Following the outbreak of COVID-19, adoption of real-time store monitoring platforms has spurred as consumers continue shopping across e-commerce online platforms. Since the pandemic has directly impacted the retail industry, supply chains are witnessing sudden shift in consumer buying patterns. In order to keep pace with dynamic trends, companies have become heavily reliant on real-time store monitoring platform services and solution to understand consumer behavior and patterns.

Based on these aforementioned factors, the global real-time store monitoring platform market is projected to expand at an impressive CAGR of 17.7% through 2031.

“Incorporation of artificial intelligence and machine learning in real-time store monitoring platform solution and services will spur their sales. Increasing need to improve workflow and analyze consumer behavior within retail industry will encourage the investment in real time store monitoring platforms,” says the Future Market Insights analyst.

Key Takeaways from Real time Store Monitoring Platform Market Survey

• In terms of application, campaign management will be the fastest growing segment, exhibiting growth at an impressive 20.3% CAGR
• In terms of value, services segment will gain momentum owing to the growing demand from retail industry, expanding at 20.3%
• Store merchandising analysis will hold the market share of over 32.5% during the assessment period
• Large retail sector will contribute the largest revenue, accounting for over 76.7% of global market share
• The U.S. will remain as one of the most attractive market, contributing for over 78.4% of market revenue through 2031
• Demand for real-time store monitoring platform in the U.K. will rise at nearly 24.9% CAGR over the forecast period
• Increasing investment in digital transformations and connectivity across China will spur the sales of real-time store monitoring platform solutions & services

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Key Drivers

• Increasing need in various end-use sectors such as logistics, retail, and others to improve the work efficiency and security will drive the demand
• Growing demand from retail stores and industry giants such as Amazon and others will improve the adoption
• Incorporation of bug data science and internet of thinking will further push the adoption of real-time store monitoring platforms
• Growing need for automated supply chain processes and faster access to inventory will drive the sales

Key Restraints

• High cost installation and maintenance might hinder the real-time store monitoring platform market growth
• Risk of data theft and privacy will inhibit the adoption of real-time store monitoring platforms
• System incompatibility and lack of awareness regarding RTSM platform may hamper the demand

Competitive Landscape

Key players are focusing on alliances with other manufacturers to expand their existing product portfolios. Product innovation and strategic partnerships are the other core strategies adopted by key players to cement their dominance in the industry.

For instance, in May 2020, Stanley Healthcare merged with Cisco DNA Spaces as the first certified partner focused on healthcare, enabling hospitals to affordably deploy a wide range of real-time location system platform. Its first integrated and certified real-time location system, AeroScout, to offer enterprise-wide visibility into the location and assets in healthcare environments.

In February 2021, Capegemini, Sharp End, and the Drum Labs announced the collaboration with the opening of Cornershop, to offer curated services based on real-time data collected from deep real time monitoring systems and statistics.

Some of the leading players operating in the real time store monitoring platform market profiled by Future Market Insights are:

• SAP SE
• Capgemini SE
• Cloudera, Inc.
• Happiest Minds
• RetailNext, Inc.
• Bosch Sicherheitssysteme GmbH
• ShopperTraK
• QLogik Technologies, Inc.
• SimpliField
• Sisense Inc.
• Xperion Kft.
• Link Analytix
• IntelliVision
• Arm Limited
• Manthan Software Services Pvt. Ltd.
• Capillary Technologies
• Others

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More Valuable Insights on Market

Future Market Insights provides an unbiased analysis of the real-time store monitoring platform market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global real-time store monitoring platform market with a detailed segmentation on the basis of:

By Solution:

• Platform
• Cloud-based
• On-Premises
• Services
• Professional Services
• Retail consulting & Advisory
• Support & Maintenance
• Implementation Services
• Managed Services

By Application:

• In-store Customer Behaviour Analysis
• Campaign Management
• Store Merchandising Analysis
• Store Inventory Management
• Shelf Management
• Product Differentiation & Management
• Others
• Others

By End-Users:

• Small & Mid-Sized Retailers
• Large Retailers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

Key Questions Covered in the Real-time Store Monitoring Platform Market Report 

• The report offers detailed insights into real time store monitoring platform demand outlook for 2021-2031

• The market study also highlights projected sales growth for real time store monitoring platform market between 2021 and 2031

• Real time store monitoring platform market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Real time store monitoring platform market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

The market report envelopes an all-in information of the global Automotive MEMS Sensor market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Automotive MEMS Sensor market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Automotive MEMS Sensor market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Automotive MEMS Sensor market.

Key segments covered in the global Automotive MEMS Sensor market report by applications include

• Crash Sensing for Airbag Control
• Rollover Detection
• Vehicle Dynamic Control
• Electronic Parking Brake Systems
• Antitheft Systems
• Vehicle Navigation Systems

The Automotive MEMS Sensor market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

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By sales channel, the global Automotive MEMS Sensor market consists of the following:

• Original Equipment Manufacturer (OEM)
• Aftermarket

The Automotive MEMS Sensor market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global Automotive MEMS Sensor market.

Prominent players covered in the global Automotive MEMS Sensor market contain

• Robert Bosch GmbH.
• InvenSense, Inc.
• General Electric Company
• Analog Devices, Inc.
• Panasonic Corporation
• Hitachi, Ltd.
• Sensata Technologies, Inc.
• Infineon Technologies AG
• Harman International

All the players running in the global Automotive MEMS Sensor market are elaborated thoroughly in the Automotive MEMS Sensor market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Automotive MEMS Sensor market players.

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The Automotive MEMS Sensor market analyses the following important regions:

• 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 Automotive MEMS Sensor market report answers the following queries:

1. Why consumers are highly inclined towards the consumption of segment in the Automotive MEMS Sensor market?
2. What are the opportunities available for players operating in the global Automotive MEMS Sensor market?
3. Which trends have the maximum impact on the growth of the global Automotive MEMS Sensor market?
4. Why region leads the global Automotive MEMS Sensor market?
5. What are the drivers and restraints affecting the market size of the global Automotive MEMS Sensor market?

What the report encloses for the readers:

• Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
• A to Z of each player – positives & negatives, current status, future developments – of the global Automotive MEMS Sensor market.
• Detailed information regarding the trends influencing the growth of the global Automotive MEMS Sensor market.
• In-depth assessment on the utilization of Automotive MEMS Sensor in each end use industry.
• Historical data and future growth outlook of the global Automotive MEMS Sensor market.

Why choose Future Market Insights?

• Digital intelligence solutions to help clients stay at the forefront.
• Published 6, 000+ reports and recognized by 150+ countries globally.
• A team of 300+ analysts to deliver real-time information across various industries and companies.
• Customized business reports to overcome unique market challenges

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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.

Contact

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

 

Future Market Insights’ research on the Automotive ECU market offers a comprehensive overview for the forecast period of 2021-2026. It uncovers hidden opportunities and studies growth trajectory across various segments. The study also offers an unbiased analysis by analyzing historical demand and future projections from a bird’s eye perspective. The report identifies some of the lucrative markets across the globe. FMI delivers an insightful coverage on the Automotive ECU markets’ latest trends, drivers, challenges, opportunities and restraints that the market is expected to prevail in the upcoming decade.

According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Automotive ECU market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.

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COVID-19 Impact on Automotive Industry

With the onset of COVID-19, the automotive companies and market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Automotive ECU market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.

The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the Automotive ECU market.

However, with recovery already registered in certain countries, future prospects are expected to improve for the Automotive ECU market.

Why Choose Future Market Insights

• Detailed analysis with a simplified format
• Trusted insights for transformative business solutions
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Seamless delivery of tailor-made market research reports

Automotive ECU Market: Segmentation

To gain a better perspective on the latest trends and opportunities, the information has been classified into key segments and sub-segments.

By vehicle type it can be segmented as:

• Passenger vehicles
• Internal Combustion Engines
• Hybrid Vehicles
• Battery Electric Vehicles (BEV)
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By sales channel, it can be segmented as:

• Original Equipment Manufacturer
• Aftermarket

By application, it can be segmented as:

• Engine Control Module
• Transmission Control Module
• Powertrain Control Module
• Airbag Control Module
• Body Control Module
• Electronic Braking Control Module
• Steering Control Module
• Climate Control Module

Automotive ECU Market: Competitive Analysis

The report on the Automotive ECU market report offers a detailed analysis of some of the leading players operating in the market. It examines the impact of key strategies adopted by the market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.

Key players covered in the report include:

• Robert Bosch GmbH
• Continental AG
• Magneti Marelli S.p.A.
• Denso Corporation
• ZF TRW Automotive
• Delphi Automotive
• Autoliv Inc.
• Hitachi Automotive
• Takata Corporation
• Mitsubishi Electric Co.

Critical Questions Answered in the Report

• Which are the top manufacturing companies operating in the Automotive ECU market?
• What will be the future outlook of the Automotive ECU market in the upcoming decade?
• Which are the some of the lucrative markets for Automotive ECU market?
• Which factors will drive the Automotive ECU market growth?
• What are the challenges faced by the prominent players of the global Automotive ECU market?

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Significant Contributions of the Report

• Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
• Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
• Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
• Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
• Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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

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 fiber optic gyroscope market demand outlook remains positive, as FMI forecasts its valuation to surpass US$ 1,413 million by the end of 2021.

Owing to increasing application in military & defense and automotive industries, the market for fiber optic gyroscope is expected to grow at a CAGR of 8.3% over the forecast period 2021 to 2031 in comparison to CAGR 6.8% registered between 2016 and 2020.

Increasing usage of fiber optic gyroscopes for ground detection, missiles flight control, and dynamic GPS tracking in military applications will create growth opportunities. Coupled with this, the rising demand for better navigation and stabilization platforms in aerospace, battlefield, and undersea environments is estimated to drive growth at around 7.4% in the military and defense domain, as per a study by FMI.

The emergence of autonomous vehicles is one of the primary factors fueling the demand for fiber optic gyroscopes. According to KVH, the inertial measurement units (IMUs), which combines fiber optic gyroscopes with accelerometer components provide highly accurate acceleration data and angular rate to track the exact position of the car. This aspect has made the use of these gyroscopes indispensable while manufacturing autonomous vehicles, in turn, creating lucrative sales opportunities for the fiber optic gyroscope producers over the forecast period.

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Key Takeaways from Fiber Optic Gyroscope Market Study

• In North America, the U.S. is expected to dominate the market, accounting for a market share of over 82% in the region through 2031.
• Owing to increasing adoption of advanced technologies in defense sector, the market in the U.K. is estimated to grow at a CAGR of 12% over the forecast period.
• India is likely to account for above 54% of the market share in South Asia and Pacific, growing at a CAGR of 13.5% by 2031.
• Based on sensing axis, 3-Axis will emerge dominant, accounting for a market share of over 42.5% by the end of 2031.
• Inertial navigation systems are anticipated to contribute a revenue share of around 44.5% in the global market through 2021.

Key Drivers

• Increasing application in the military and defense sector is fueling the demand for fiber optic gyroscopes.
• Surging demand for autonomous vehicles is spurring the sales of fiber optic gyroscopes.
• Rising adoption of automation in industries and homes is driving the growth of the market.

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Key Restraints

• Fragile nature of the fiber optic gyroscope is a factor impeding the growth of the market.
• Repeated need to calibrate the fiber optic gyroscope is hampering the market demand.
• Mitigation in the accuracy of fiber optic gyroscopes due to vibration is negatively affecting the sales of the product.

Competitive Landscape

Companies operating in the fiber optic gyroscope market are focusing on developing innovative products and forging strategic partnerships with other manufacturers to expand their production and increase the market share.

• FIBERPRO, a South Korea-based company, launched its new Fiber Optics based Single Axis Gyroscope named, FI 150 in June 2020. The product is able to stabilize the specific attitude of a moving system which can be used in weapons systems, cameras, telescopes, and many more.
• In June 2020, KVH industries, announced a launch of P-1775 Inertial Measurement Unit (IMU) featuring its new Inside Photonic Integrated Chip (PIC) technology. The technology that upgrades the inertial sensor performance and reliability for the growing autonomous market.

Some of the key players operating in the fiber optic gyroscope market profiled by FMI are:

• KVH Industries, Inc.
• EMCORE Corporation
• FIBERPRO, Inc.
• Saab
• Honeywell
• Tamagawa Seiki Co., Ltd.
• Optolink
• NedAero Components B.V
• iXblue
• Fizoptika
• Safran
• Cielo Inertial Solutions
• Ericco International
• Fibernetics LLC
• Northrop Grumman Sperry Marine B.V.

More Insights on the Fiber Optic Gyroscope Market:

FMI provides an unbiased analysis of the fiber optic gyroscope market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global fiber optic gyroscope market with a detailed segmentation on the basis of:

By Sensing Axis:

• 1-Axis
• 2-Axis
• 3-Axis

By Device:

• Fiber Optics Gyrocompass
• Inertial Measurement Units (IMUs)
• Inertial Navigation Systems
• Others

By Application:

• Aeronautics and Aviation
• Robotics
• Remotely Operated Vehicle Guidance
  • Unmanned Underwater Vehicle (UUV)
  • Unmanned Ground Vehicle (UGV)
  • Unmanned Aerial Vehicle (UAV)

• Military & Defense
• Industrial
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

Key Questions Covered in the Report

• The report offers insight into fiber optic gyroscope market demand outlook for 2021-2031
• The market study also highlights projected sales growth for fiber optic gyroscope market between 2021 and 2031
• Fiber optic gyroscope market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Fiber optic gyroscope market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Key Questions Answered in Fiber Optic Gyroscope Industry Analysis

• Which region is expected to showcase significant growth in fiber optic gyroscope industry research?
  South Asia & Pacific is projected to grow at the highest CAGR of 12.7% during the forecast period, owing to rise in government investments in military and defense sectors.
• Which sensing type is highly integrated in fiber optics gyroscope?
  1-Axis sensing is the most attractive segment, with estimated market share of 42.8% in 2021. However, 3-Axis segment is estimated to grow CAGR of 10.2% during the forecast period.
• Which are some of the leading companies offering fiber optics gyroscope?
  The leading companies in this landscape are Honeywell, KVH Industries, and EMCORE Corporation. As per Future Market Insights analysis, 48% of the market share is currently covered by the top 3-5 players.
• In which application areas, fiber optic gyroscope are highly used?
  Military & defense application dominates the market, generating revenue of US$ 42.2 Mn by 2031, owing to increasing adoption of FOG systems in military aircrafts, guided munitions, and in submarines.
• How much is the global market size of fiber optics gyroscope?
  The fiber optic gyroscope market was valued at ~US$ 1,326.8 Mn in 2020, and is estimated to grow at 8.3% CAGR between 2021 and 2031.
• What will be the demand outlook/ sales forecast for fiber optics gyroscope?
  The market size of fiber optic gyroscope is expected to be valued at US$ $ 1,413.2 Mn by the end of 2021, and is likely to reach US$ 3,132.1 Mn by 2031.

The market report envelopes an all-in information of the global Automotive Brake System Market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Automotive Brake System Market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Automotive Brake System Market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Automotive Brake System Market.

The COVID -19 pandemic has put forth a demanding situation for players in Automotive Brake System Market. The widespread of the pandemic and the humanitarian toll taken by it is making it challenging for market players to respond.  This research study provides insights backed by our assessment of earlier emergencies and market expertise. However, the pandemic is spreading rapidly, and some of the information in this study may become outdated.

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Key segments covered in the global Automotive Brake System Market report by system type include

• disc brake
• drum brake

The Automotive Brake System Market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

By technology, the global Automotive Brake System Market consists of the following:

•   traction control system (TCS)
•  antilock braking system (ABS)
•  electronic brake-force distribution (EBD)
•  electronic stability control (ESC)

The Automotive Brake System Market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global Automotive Brake System Market.

Prominent players covered in the global Automotive Brake System Market contain

•  TRW Automotive Holdings Corp.
•  Aisin-Seiki Co. Ltd.
•  Continental AG
•  Akebono Brake Industry Co. Ltd.
•  Brembo S.P.A.
•  Halla Mando Corp.

All the players running in the global Automotive Brake System Market are elaborated thoroughly in the Automotive Brake System Market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Automotive Brake System Market players.

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The Automotive Brake System Market analyses the following important regions:

•  North America
•  the Middle East and Africa
•  Europe
•  Central and South America
•  Asia Pacific

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The Automotive Brake System Market report answers the following queries:

1. Why consumers are highly inclined towards the consumption of segment in the Automotive Brake System Market?
2. What are the opportunities available for players operating in the global Automotive Brake System Market?
3. Which trends have the maximum impact on the growth of the global Automotive Brake System Market?
4. Why region leads the global Automotive Brake System Market?
5. What are the drivers and restraints affecting the market size of the global Automotive Brake System Market?

What the report encloses for the readers:

• Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
• A to Z of each player – positives & negatives, current status, future developments – of the global Automotive Brake System Market.
• Detailed information regarding the trends influencing the growth of the global Automotive Brake System Market.
• In-depth assessment on the utilization of Automotive Diagnostic Scan Tools in each end use industry.
• Historical data and future growth outlook of the global Automotive Brake System Market.

Why choose Futuristic Market Insights?

• Digital intelligence solutions to help clients stay at the forefront.
• Published 6, 000+ reports and recognized by 150+ countries globally.
• A team of 300+ analysts to deliver real-time information across various industries and companies.
• Customized business reports to overcome unique market challenges

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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Future Market Insights’ research on the Automotive Diagnostic Scan Tools market offers a comprehensive overview for the forecast period of 2015-2025. It uncovers hidden opportunities and studies growth trajectory across various segments. The study also offers an unbiased analysis by analyzing historical demand and future projections from a bird’s eye perspective. The report identifies some of the lucrative markets across the globe. FMI delivers an insightful coverage on the Automotive Diagnostic Scan Tools markets’ latest trends, drivers, challenges, opportunities and restraints that the market is expected to prevail in the upcoming decade.

According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the Automotive Diagnostic Scan Tools market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.

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COVID-19 Impact on Automotive Industry

With the onset of COVID-19, the automotive companies and market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the Automotive Diagnostic Scan Tools market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.

The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the Automotive Diagnostic Scan Tools market.

However, with recovery already registered in certain countries, future prospects are expected to improve for the Automotive Diagnostic Scan Tools market.

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• Detailed analysis with a simplified format
• Trusted insights for transformative business solutions
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
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Automotive Diagnostic Scan Tools Market: Competitive Analysis

The report on the Automotive Diagnostic Scan Tools market report offers a detailed analysis of some of the leading players operating in the market. It examines the impact of key strategies adopted by the market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.

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Key players covered in the report include:

Denso Corp., Snap-On Inc., SPX Corp., Softing AG, Actia Group SA, Avl List GmbH, Dg Technologies, Dsa Daten- Und Systemtechnik GmbH, Etas GmbH, General Technologies Corp, Hickok Inc., Bosch Automotive Service Solutions, Inc.

Critical Questions Answered in the Report

• Which are the top manufacturing companies operating in the Automotive Diagnostic Scan Tools market?
• What will be the future outlook of the Automotive Diagnostic Scan Tools market in the upcoming decade?
• Which are the some of the lucrative markets for Automotive Diagnostic Scan Tools market?
• Which factors will drive the Automotive Diagnostic Scan Tools market growth?
• What are the challenges faced by the prominent players of the global Automotive Diagnostic Scan Tools market?

Significant Contributions of the Report

• Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
• Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
• Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
• Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
• Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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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Future Market Insights,
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Website: https://www.futuremarketinsights.com/

 

In an upcoming market research study, Future Market Insights (FMI) lays bare undercurrents and opportunities prevailing in the global Automotive Balance Shaft market. The report provides in-depth insights on the Automotive Balance Shaft market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Automotive Balance Shaft market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the global automotive & transportation industry. The Automotive Balance Shaft market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Automotive Balance Shaft market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Automotive Balance Shaft market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

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Why Choose Future Market Insights

• Serving domestic and international clients 24/7
• Prompt and efficient customer service
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Seamless delivery of tailor-made market research reports

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Automotive Balance Shaft Market: Segmentation

To analyze the Automotive Balance Shaft market effectively and efficiently, the information has been segregated into key segments and sub-segments.

By manufacturing process

• Forged Balance Shaft
• Cast Balance Shaft

By Engine type

• Inline-3 Cylinder Engine
• Inline-4 Cylinder Engine
• Inline-5 Cylinder Engine

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 Automotive Balance Shaft Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Automotive Balance Shaft market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Automotive Balance Shaft market report.

Key players covered in the report include:

• SHW AG,
• Otics Corporation,
• Metaldyne LLC,
• Musashi Seimitsu Industry Co.Ltd,
• TFO Corporation,
• Sansera Engineering,
• Engine Power Components Inc,
• Ningbo Jingda Hardware Manufacture Co.Ltd

Crucial Questions Answered in the Report

• Which end-use industry remains the top consumer of Automotive Balance Shaft in different regional markets?
• At what rate has the global Automotive Balance Shaft market been expanding during the forecast period?
• How will the global Automotive Balance Shaft market look like by the end of the forecast period?
• What innovative technologies are the Automotive Balance Shaft market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global Automotive Balance Shaft market?

Key Offerings of the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
• Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Automotive Balance Shaft market

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

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
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The market report envelopes an all-in information of the global Nitrogen Gas Springs Market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Nitrogen Gas Springs Market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Nitrogen Gas Springs Market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global Nitrogen Gas Springs Market.

Key segments covered in the global Nitrogen Gas Springs Market report

by Product Type:

• Push Type
• Pull Type

On the basis of Applications:

• Automotive
• Aerospace
• Furniture
• Press Tooling
• Other Industrial

On the basis of Function:

• Motion control
• Vibration Control
• Safety

The Nitrogen Gas Springs Market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

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By Applications, the global Nitrogen Gas Springs Market consists of the following:

• Automotive
• Aerospace
• Furniture
• Press Tooling
• Other Industrial

The Nitrogen Gas Springs Market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global Nitrogen Gas Springs Market.

Prominent Players covered in the global Nitrogen Gas Springs Market contain

• KALLER
• Raymond
• HYSON
• Tipco Punch Inc
• DME
• Berger Tools Limited
• Metrol Springs
• VAPSINT S.R.L.
• DADCO
• BROAD WORLD PRECISION INDUSTRY CO., LTD.

All the players running in the global Nitrogen Gas Springs Market are elaborated thoroughly in the Nitrogen Gas Springs Market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Nitrogen Gas Springs Market players.

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The Nitrogen Gas Springs Market analyses the following important Regions:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Nitrogen Gas Springs Market report answers the following queries:

1. Why consumers are highly inclined towards the consumption of segment in the Nitrogen Gas Springs Market?
2. What are the opportunities available for players operating in the global Nitrogen Gas Springs Market?
3. Which trends have the maximum impact on the growth of the global Nitrogen Gas Springs Market?
4. Why region leads the global Nitrogen Gas Springs Market?
5. What are the drivers and restraints affecting the market size of the global Nitrogen Gas Springs Market?

What the report encloses for the readers:

• Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
• A to Z of each player – positives & negatives, current status, future developments – of the global Nitrogen Gas Springs Market.
• Detailed information regarding the trends influencing the growth of the global Nitrogen Gas Springs Market.
• In-depth assessment on the utilization of Nitrogen Gas Springs in each end use industry.
• Historical data and future growth outlook of the global Nitrogen Gas Springs Market.

Download Table of Contents @ https://www.futuremarketinsights.com/toc/rep-gb-9881

Why choose Future Market Insights?

• Digital intelligence solutions to help clients stay at the forefront.
• Published 6, 000+ reports and recognized by 150+ countries globally.
• A team of 300+ analysts to deliver real-time information across various industries and companies.
• Customized business reports to overcome unique market challenges.

About Future Market Insights (FMI)

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

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