Watertight Doors Market worth will reach US$ 311 Mn in 2021

Watertight doors market witnessed sales of nearly 77,570 units by 2021 and is poised to register year on year growth of 6.7% in 2021. As per a study by Future Market Insights (FMI), buoyancy of the global watertight doors market can be attributed to-

  • Optimistic outlook of coastal and marine tourism
  • Surging rate of ocean-based activities
  • Rising focus on ship repair and maintenance
  • Flourishing seaborne transportation and trade

The watertight doors market worth will reach US$ 311 Mn in 2021, as per Future Market Insights (FMI) analysis. FMI projects sales of watertight doors to rise at a compound annual growth rate (CAGR) of 6.3% between 2021 and 2031.

The market exhibited a CAGR of 2.9% between 2016 and 2020. Despite impeded growth amid COVID-19 outbreak, the watertight doors market exhibited 6.7% year-on-year growth between 2020 and 2021.

Amid soaring competition, the top five players comprising, MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., AdvanTec Marine, Westmoor Engineering Ltd., SeaNetGroup are expected to account for 10% of watertight doors market in 2021.

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Federal initiatives to promote marine safety have worked in favour of high-scale production of marine components, such as watertight doors. For instance, the Government of Canada is introducing additional measures for enhancement of navigation safety and emergency response in the Canadian waters.

The measures were presented in the form of an official announcement and acknowledged as a part of Canada’s ‘Oceans Protection Plan’. On 14th June 2018, the U.S. Coast Guard announced two workforce initiatives in line with the ‘Marine Safety Program’. Particulars as such provide enough credence to the promising outlook of watertight doors market in 2019 and beyond.

“Investments in various forms of sustainable tourism, including coastal and marine tourism, is underway. This, in turn, has resulted in augmented production of marine vessels and associated components for safety, such as watertight doors. Rising vigor of ocean-based industries, such as offshore exploration and production, is supporting growth of offshore marine vessels and related components, including watertight doors”, says an analyst at FMI.

The report opines cruise ship revitalization and overhauls to be a prominent trend with profound influences on sales of watertight doors. The increasing demand for upgrading older ships by including advanced amenities and components is complementing the growth of building and repair activities, favouring high-scale production and sales of watertight doors.

As per the report, installation of hinged watertight doors is proliferating at an impressive rate, with global sales likely to cross 71,000 units in 2019. Robust watertight seal withstanding adverse conditions remains a key USP enhancing the visibility of hinged watertight doors over the sliding variants.

According to the report, end-users remain biased toward hydraulic as a viable source over electric ones in the watertight doors landscape, with global sales estimated to exceed 71,348 units in 2019. Hydraulic watertight doors have been traditionally employed in commercial and military vessels alike, owing to their attribute of greater power delivery through smaller force. Additionally, relatively higher control accuracy in light of simple push buttons and levers employed, and economic benefits owing to fewer moving parts equipped, are key demand determinants of hydraulic watertight doors.

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Manufacturers Seek Approvals From Renowned Organizations To Boost Credibility

The manufacturing framework of watertight doors witnesses major reformations in the light of evolving environmental concerns. Manufacturing companies are switching to sustainability-driven approaches, wherein production processes and value creation for the environment remain closely associated. Manufacturers of watertight doors are seeking approvals from prominent organizations providing marine classification, such as International Association of Classification Societies (IACS), to boost consumer confidence and get repeat sales

Leading manufacturers of watertight doors are vying to offer distinguishable products to gain competitive advantages amid homogeneous competitors, which will help them strengthen their brand equity. Sensing the end-user shift toward high convenience and superior functionality, manufacturers of watertight doors remain focused on offering maintenance free and easy-to-install products for seamless operations on board.

According to the report, the leading manufacturing companies are reinvigorating their technical know-how with high investments in research and development. This, in turn, is fostering their capabilities in terms of offering an ideal amalgamation of intelligent designs, enhanced longevity, and improved usability. Moreover, manufacturers are incorporating industry best drive systems in their products to offer reliable and safe products bolstering end-user convenience. As per FMI analysis, the industry giants remain involved in strategic collaborations with shipyards for seamless supply, which helps them boost their profit margins.

Watertight Doors Market: Segmentation

Product Type:

  • Hinged Watertight Doors
  • Sliding Watertight Doors

By Source:

  • Hydraulic Watertight Doors
  • Electric Watertight Doors

By Type of Vessel:

  • Commercial
  • Oil & Chemical Tankers
  • Bulk Carriers
  • General Cargo
  • Container Ships
  • Gas Carriers
  • Offshore Vessels
  • Passenger Ships & Ferries
  • Mega Yachts and Other Vessels
  • Military

By Region:

  • America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

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The FMI report traces brimming opportunities in the watertight doors market for the forecast period of 2021-2031. As per the report, the watertight doors market is envisaged to grow at a volume CAGR of over 5.5% through 2031.

Key Points Covered in Watertight Doors Market Research

  • Market Estimates And Forecast 2021 – 2031
  • Key drivers and restraints impacting the market growth
  • Segment wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on watertight doors Market And How to Navigate
  • Recommendations on Key Winning Strategies

About Future Market Insights (FMI)

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

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Automotive Exhaust Manifold Market reaching a value of about US$ 9.7 Bn by 2022 end

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.

The global Automotive Exhaust Manifold market is expected to reach US$ 11,219.6 Mn by 2026 with a CAGR of 3.7% for the period between 2018 and 2026. The increasing demand for vehicles is expected to drive the demand in the automotive exhaust manifold market.

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

  1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

  1. 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

  1. 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.

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,
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Sodium Silicate Market will grow gradually at 3% CAGR between 2019 and 2029, Says FMI Analyst

Global sodium silicate market will grow gradually at 3% CAGR between 2019 and 2029. Sodium Silicate products will witness an uptake in sales on the back of eco-friendly properties of the compound. Market players are innovating end-use applications that cater to the need for viable alternatives of conventional adhesives, binders, and cleaning agents.

Sodium silicate manufacturers can earn profitable revenues by leveraging opportunities presented by prevalence of environment efficient rubber tires, wastewater treatment, and soil stabilization. Market players are developing products for untapped industries such as welding, agriculture, and food.

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Key Takeaway of Sodium Silicate Market Study

  • Sodium Silicate market is valued at US$ 5.6 Bn in 2018 growing at a lackluster CAGR during the forecast period.
  • Asia Pacific (APAC) holds a major market share with more than 53% of the total market value. India, a developing economy in APAC is expected to grow at a promising 5% CAGR from 2019 to 2029.
  • Amid resurgent infrastructure industry and growing demand for green-alternatives, demand from the US will grow at an astounding 12% CAGR through the end of 2029.

Developing economies such as India, Indonesia, and South Korea are investing in infrastructure development. Sodium silicate is an ideal binder for sustainable construction practices. Market players must leverage this opportunity and procure profitable revenues for the forecast period.

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Infrastructure Impels Future Demand Growth

Major manufacturers of sodium silicate are involved in research and development of products, mergers, acquisitions, and expansion of global footprint via strategic stakeholder partnerships. APAC reigns supreme with share-wide dominance, attributable to surge in demand for end-use industry products that employ sodium silicate such as rubber tires, water treatment, and construction. North America offers lucrative growth opportunities where the US exhibits a double digit 12% CAGR during the forecast period.

Recovering infrastructure in the US propels regional growth during the forecast period. European countries such as Germany is driven by increasing demand for compound in pulp & paper, healthcare, and elastomer filler for rubber tires. Emerging economies in Latin America and MEA are following the footsteps of early adopters with infrastructure development and proactive environmental consciousness.

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More About the Report

FMI’s study offers an in-depth market forecast and analysis on the global sodium silicate market. Major categories encompassed by the report include application type (detergents, catalyst, pulp & paper, elastomers, food & healthcare, & others), across five regions (Asia Pacific, Europe, Middle East & Africa, Latin America and North America).

For more information on how the market growth will unfold over the following years, write to press@futuremarketinsights.com 

Continue reading “Sodium Silicate Market will grow gradually at 3% CAGR between 2019 and 2029, Says FMI Analyst”

Corn Silage Market 2021 Assessment and Key Insights Analyzed Till 2030

Corn Silage is a common ingredient in the diet of dairy and beef cattle. Corn Silage is a carrier of nutrients required by the cattle. It is being used extensively among ruminants because of its high energy content and easy digestibility.

Corn Silage that is harvested late and that has brown and dead leaves makes a good quality of silage. Besides this, the corn crop that is damaged due to drought or high temperatures can also be used for silage. India, which is the largest producer and consumer of milk, producing 186 million tons of milk and consuming 77.7 million tons, is also one of the largest exporters of milk.

For such countries, a large portion of the economy relies on milk production, consumption, and export, and therefore is very essential to keep the quality and nutrient value of the product intact. Corn Silage helps the milking cattle to gain those nutrient content. Listed factors are expected to boost the corn silage market growth over the forecast period.

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Increasing Demand for Corn Silage due to Associated Health Beneficial Factors

Countries like India, European Union, and the United States are the largest producers of milk and therefore has a large number of cattle to feed. To produce high nutrient content milk, the cattle need high content feed and forage. It is very important for these economies and manufacturers to maintain the good quality and nutrient content of milk in the highly competitive market.

As awareness of nutrient content of ingredients is increasing among consumers, producers are also very attentive and are careful of the feed of their cattle. And, for maintaining the nutritious value of the milk demand of Corn Silage is increasing. Corn Silage once prepared can be stored with the shelf life of around two years with more nutrition value than other fodder.

Key Players of Corn Silage

  • United Agro Feeds
  • BF Global Trading Pty Ltd
  • Krishna Multicomm Private Limited
  • HKN Exim Co.Ltd.
  • Vvs Pl. Sp. Z. O. O.
  • Azure Enterprise
  • Lakkavaram Silage Fodder Pvt. Ltd.
  • Qadir Exports
  • Explore Enterprise,
  • Ambica Enterprise
  • Bac Quang Trading Investment JSO
  • Gralimex Import Export Joint Stock Company

Innovations and Development in Global Corn Silage Market

As of now, there is no major supplier for Corn Silage as corn farmers directly sell it to cow-keeper as feed. This can also cause inconsistent feed with uneven distribution of nutrients. Manufacturers have identified this as an opportunity to supply Corn Silage as a feed for milking and beef cows to provide them with essential nutrients. Manufacturers are aiming at producing high-quality silage which is fermented, high moisture content. This helps in reducing the volume of feed hence lessening the cost to store feed and restore all the essential nutrients required by cattle and sheep.

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The Report Covers Exhaustive Analysis on:

  • Corn Silage market segment
  • Corn Silage market dynamics
  • Corn Silage market size
  • Corn Silage supply and demand
  • Current trends/issues/challenges pertaining to Corn Silage market
  • Competition landscape and emerging market participants in Corn Silage market
  • Technology related to production/processing of Corn Silage
  • Value chain analysis of the Corn Silage market

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
Highlights of the Corn Silage Market Report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the Corn Silage market
  • Recommendations to companies for strengthening their foothold in the Corn Silage market
Corn Silage: Market Segmentation

Based on End Use:

  • Milking Cattle
  • Beef Cattle

Based on Type:

  • Brown Mid-Rib
  • Conventional Field Corn
  • Leafy

Based on Nutrients:

  • Net energy for lactation (NEL)
  • Rumen degradable protein (RDP)
  • Rumen undegradable protein (RUP)
  • Effective neutral detergent fiber (eNDF)

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Motorcycle Chain Sprocket Market Future Trends, Industry Size and Forecast to 2027

Demand for motorcycle chain sprocket, in Asia Pacific, is expected to grow at a steady year-on-year rate of 5.3 percent, in 2019, as per a recently released market intelligence study by Future Market Insights (FMI). Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years.

Moreover, apart from ease of installations and servicing, lightweight feature of the chain sprockets will remain the most rewarding factor, thereby, increasing its installations in motorcycles. FMI forecasts that global motorcycle chain sprocket market revenues will reach approximately US$ 1.9 Billion, by 2019-end. The size of the market is based on estimates of the number of chain sprockets shipped, during the same time period.

“The global market for motorcycle chain sprocket continues to grow with increasing product and sales of motorcycle specifically in emerging markets, paradigm shift towards light weight vehicle components to control the automobile emission and increase the vehicle life, and flourishing aftermarket for motorcycle chain sprocket determined by factors, such as distance driven, number of vehicles in operation, and ownership time” Senior Analyst, FMI.

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Electric Bikes and Tax on Luxury Items Continue to Strain Revenue

However, several government initiatives such as the introduction of electric bikes—aimed at controlling vehicular pollution, could substantially restrict the demand for conventional motorcycles, and thereby chain sprockets used in such vehicles. China, being one of the largest markets for two-wheelers is aggressively promoting electric bikes for transportation, considering its low cost, energy efficient, emission-free systems, and no license and registration.

Tax on luxury items has considerably increased in some markets of Asia Pacific, such as India. The Indian government has increased the tax to 31 percent on conventional motorcycles with engines greater than 350cc, which in turn could slow down the sales of luxury and heavy engine capacity conventional motorcycles. Furthermore, Singapore has adopted a new system of additional registration fees (ARF), which will add more costs to conventional motorcycles and therefore, render them expensive, leading to a decrease in the sales of conventional motorcycles and adversely affect the motorcycle chain sprockets market.

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Competition to Remain Relatively High; Manufacturers Favor APEC Markets

  • The top 8 companies in the global motorcycle chain sprocket market are estimated to hold approximately 16-21 percent of the overall market in terms of value.
  • Tsubakimoto Chain Co., Regina Catene Calibrate Spa, Jomthai Asahi Co.,Ltd, L.G.Balakrishnan & Bros Ltd., and Rockman Industries Ltd. are some of the leading global and local manufacturers of motorcycle chain sprockets.
  • While the tier-1 and tier-2 companies generate over US$ 50 Mn and between US$ 20 Mn to US$ 50 Mn through the sales of motorcycle chain sprocket, respectively, the tier-3 companies generate less than US$ 20 Mn, as per the report.
  • Focus remains on manufacturing low maintenance and high efficiency motorcycle chain sprocket to improve the overall functioning and life of drive chain.
  • Manufacturers are focusing on entering into long-term supply contracts with OEM of two wheelers in order to gain a strong hold in the domestic markets of APEC.
  • Apart from expanding its product portfolio, manufacturers of motorcycle chain sprockets are also focusing in expanding their production or sales capacities in developing regions.
  • FMI predicts heavy investments in research and development initiatives to bring innovation in the manufacturing processes to develop differentiated products.

Regionally, developing regions are expected to remain highly lucrative for new market entrants given the easy availability of raw materials and minimal infrastructure requirements combined with lack of stringent government regulations, thereby creating a favorable investment environment.

Apart from key market influencing dynamics and competitive landscape, FMI also offers an in-depth segmental analysis—on the basis of motorcycle type (standard, cruiser sports, and mopeds and others), engine capacity (up to 150 cc, 151-300 cc, 301-500 cc, and above 500 cc), chain type (standard rolling chain, O ring chain, and X ring chain), and sales channel (OEM and Aftermarket)

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Market Segmentation

By Engine Capacity

  • Upto 150 CC
  • 151-300 CC
  • 301-500 CC
  • Above 500 CC

By Chain Type

  • Standard Rolling Chain
  • O Ring Chain
  • X Ring Chain

By Motorcycle Type

  • Standard
  • Cruiser
  • Sports
  • Mopeds & Others

Sales Channel

  • OEM
  • Aftermarket

By Region

  • North America
  • Latin America
  • Europe
  • China
  • APEC
  • MEA

Table Of Content

  1. Global Motorcycle Chain Sprocket Market – Executive Summary
  2. Global Motorcycle Chain Sprocket Market Overview

2.1. Introduction

2.1.1. Global Motorcycle Chain Sprocket Market Taxonomy

2.1.2. Global Motorcycle Chain Sprocket Market Definition

2.2. Global Motorcycle Chain Sprocket Market Size (US$ Mn & Volume) and Forecast, 2013-2027

2.2.1. Global Motorcycle Chain Sprocket Market Y-o-Y Growth

2.3. Global Motorcycle Chain Sprocket Market Dynamics

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. Service Provider List

2.9. Key Participants Market Presence (Intensity Map) By Region

Key Questions Answered in the Report

  • How has the Motorcycle Chain Sprocket market evolved in the past four years?
  • What shape is the Motorcycle Chain Sprocket market expected to take in terms of value during the study period?
  • What are some of the prevailing market dynamics in the Motorcycle Chain Sprocket market?
  • What are some of the competition developments and trends affecting the Motorcycle Chain Sprocket market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the Motorcycle Chain Sprocket market?
  • What are the important key challenges, opportunities and improvement factors for Motorcycle Chain Sprocket market players?
  • What are the important market positioning and key strategies of key service providers as per the Motorcycle Chain Sprocket market taxonomy?
  • How is the competition structured at present and how has it evolved in the Motorcycle Chain Sprocket market over the past few years?

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,
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Zoned Flash Market Gain Impetus due to the Growing Demand over 2020-2030

Increasing penetration of hardware and software technology advancements have compelled corporate entities to appropriate a proportion of their revenue towards upgrading their data accumulation systems. As a result, the scope for zoned flash systems has widened. According to a new study by Future Market Insights, the global zoned flash market will grow at a staggering 36.5% CAGR through 2030.

Adoption of solid state drives (SSDs) has led to significant developments within the zoned flash market. SSDs have offered immense benefits to businesses working with immense volumes of data, such as programming environments or analysis, enhancing file-transfer speeds and access times.

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Key Takeaways

  • A staggering 36.5% CAGR – at which the market is likely to grow
  • East Asia is anticipated to emerge as a major hub, attributed to surging business volumes
  • SMEs to acquire significant pace, expanding at a noteworthy CAGR of 41.3% due to expanding scope of operations
  • SSD management software solutions shall experience major traction, reach a value of US$ 2.6 Bn by 2030
  • Non Volatile Memory Express (NVMe) host controller specifications are touted to be the frontrunners of the zoned flash market in coming years

Increasing incidences of cybercrimes have prompted business organizations to adopt hardware-based data collection systems, providing much needed impetus to zoned flash manufacturers,” infers the FMI analyst.

COVID-19 Impact Analysis

As the world heads towards a recessionary downturn, there are certain industries which are anticipated to stay afloat, including the zoned flash market.

While significant growth restrictions are expected in budgets and infrastructure, an infinitesimal possibility exists with regard to a constrained supply of storage to meet the requirements of the digital universe. As companies increasingly facilitate remote working arrangements, demand for digital data storage facilities is surging multifold.

As the pandemic unfurled in the past few months, incidences of cyberattacks registered a massive surge, with many organizations reporting several incidences of data theft and compromise across online platforms. Thus, companies have accelerated their spending on hardware-based storage devices, providing green spaces for the zoned flash market.

Therefore, a positively sloping curve is anticipated for the zoned flash market in the short-term forecast.

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Competitive Intelligence

Prominent players within the zoned flash market are striving towards developing robust data storage solutions by doling out new hardware devices integrated with smart solutions to capture a broader customer base. In addition, they are investing in partnerships, collaborations and acquisitions to expand their market footprint.

IBM Corporation and Radian Memory Systems have made significant strides with regard to zoned flash systems. In February 2020, both corporations undertook a live demonstration of Radian Zoned Flash SSDs with IBM’s software defined log-structured array storage management stack at the USENIX FAST Conference.

Western Digital is another prominent player within the global zoned flash market. Its OpenFlex Solution was recently selected by the ICM Brain and Spine Institute to streamline critical cures and treatment options. The solution helps doctors capture, share and analyze patient data from multiple clinical imaging tools across different labs.

Zoned Flash Market segmentation

Component

  • Zoned Flash SSD
  • SSD Management Software

Drive Interface

  • Serial Advanced Technology Attachment (SATA)
  • Statistical Analysis Systems (SAS)

End-User

  • Data Centers
  • Enterprise
  • Large Enterprises
  • SMEs
  • Others

Valuable Insights on the Zoned Flash Market

A recent market study published by Future Market Insights (FMI) on the zoned flash market includes a global industry analysis for 2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report includes a detailed segmentation based on component (zone flash SSD and SSD management software), drive interface (SATA and SAS), end-user (data centre, enterprise and others) and region (North America, Europe, Latin America, East Asia, South Asia & Pacific and Middle East & Africa).

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Remote Learning Technology Spending Market Gain Impetus due to the Growing Demand over 2020-2030

Future Market Insights (FMI) in its latest study has forecast the market for remote learning technology spending to rise at 14.7% CAGR between 2020 and 2030. Companies operating in the market are aiming at developing course materials and remote learning platform software solutions.

Remote learning technologies largely find use among corporate enterprises and education organizations for the distribution of training and course content. Future Market Insights (FMI) projects immense scope of spending as virtual classrooms for social and collaborative learning approaches in a highly scalable manner.

The growth of the e-learning industry has promoted the adoption of remote learning technologies, which not only provide learning materials online, but also closely mimic classroom environments, in a structured format, providing higher success rates.

The market has witnessed exponential growth in the past few years, especially on account of advancements in web and mobile based LMS platforms. In addition, the growing application in government agencies is anticipated to support growth.

Remote learning technology spending finds role in businesses in a multitude of end-use sectors. With the coronavirus pandemic closing many conventional avenues of learning, sales of remote learning technologies are set to soar in the near future. Customized training offerings will also generate lucrative opportunities in the coming decade.

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FMI’s report on the market offers a comprehensive overview, covering key market dynamics. Some of the takeaways from the report are as follows:

  • The value of the market for remote learning technology spending was US$ 43 Bn in 2019, which is a substantial increase over the previous year
  • Exponential growth is projected in the current year (2020) as a result of demand for online education and training at home for students and employees during the ongoing pandemic crisis
  • Instructor-led training and learning is projected to account for significant revenue share, on the back of collaborations with domain experts on content development and training
  • North America is a leading market. However, East Asia is projected to be very lucrative, and is estimated to surpass North America by 2030, owing to a massive student population and adoption of remote learning during the coronavirus pandemic

Mobile device-based learning, social learning, and corporate training are major trends supporting the adoption of remote learning technology spending market revenue. Demand from varying sectors, such as healthcare and aviation for employee training is supporting industry demand. The coronavirus crisis has further provided impetus to remote learning solutions among students and corporates bodies,” said a lead analyst at FMI.

COVID-19 Impact on Remote Learning Technology Spending Market

Countries from around the world have been severely impacted by high infection rates of the covid-19 virus. Schools, colleges, universities and enterprises of all sizes have had to close or restrict regular operations.

This transition from official premises has proven beneficial to the adoption of remote learning technologies. While the remote learning sector has been displaying strong growth prior to the pandemic, development of solutions such as online learning software, language apps, video conferencing tools, and virtual tutoring has soared.

A number of online learning platforms are providing free access to their services and materials, while reputed education institutes are providing world-class certification course materials at a fraction of their original costs. Also, corporate enterprises are also spending on remote learning technologies for reskilling and upskilling their employees, which will set a strong foundation for the market even after the pandemic, through the forecast period.

Who is winning?

FMI in its report analyses the varying strategies of major companies operating in the market. Most companies are focused on the development of remote learning platforms in addition to providing certification and course material services for a wide range of subjects, with emphasis towards education institute and enterprise level applications.

Some of the companies operating in the remote learning technology market are Oracle Corporation, Microsoft Corporation, SAP, Adobe, IBM Corporation, Skillsoft, and others.

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To Know More About Remote Learning Technology Spending Market:

A new market research report published by Future Market Insights (FMI) on the global remote learning technology spending market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the remote learning technology spending market through four different segments – solution, learning mode, end user, and region. The market report also provides assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in development and adoption of remote learning technology spending across varying end-use industries.

5G in Automotive and Smart Transportation Market Gain Impetus due to the Growing Demand over 2020-2030

The rising penetration of advanced technologies, including 5G and IoT, into the automotive and transportation sectors is anticipated to bestow lucrative revenue opportunities to market players. As automotive manufacturers leverage both the supply-side and demand-side advantages offered by the integration of 5G technology in automobiles, the market is set for robust growth through the assessment period.

The 5G technology has enabled manufacturers to deliver advanced features in vehicles such as fuel tracking, Advanced Driver-Assistance Systems (ADAS), real-time navigation and communication, in-vehicle infotainment systems, speed and cruise control, and improved fleet management, among others. Likewise, service providers are focusing on enhancing the vehicle-to-everything (V2X) communication solutions to improve road safety and lower the incidence of road accidents.

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On these lines, as national governments across the world take measures to curb road accidents, integration of real-time navigation backed by 5G has emerged as an ideal solution, which is expected to further fuel the adoption. Besides, the increasing adoption of multimedia services in the passenger-transportation sector and the subsequent demand for high bandwidth networks to support them will continue to bolster the growth of 5G in the automotive and smart transportation market.

FMI in a recent study has projected that the global 5G in the automotive and smart transportation market will rise in value at a stellar CAGR of ~26% between 2020 and 2030. Some of the key takeaways from the report are:

  • The market is anticipated to surge past a global valuation of US$ 9,500 Mn by the end of 2030
  • On the basis of solutions, the hardware components are poised to account for the majority of the market share, owing to the surging adoption of On-Board Units (OBU) across numerous applications
  • By application, the fleet management sub-segment is poised to hold the lion’s share in the market value backed by high demand in the commercial vehicle sector
  • The Vehicle-to-Everything (V2X) application, on the other hand, is projected to grow at a tremendous value CAGR of ~30% on the back of growing emphasis on producing connected vehicles
  • By region, North America, forefronted by the US, is forecasted to prevail as the leading regional market backed by growing collaborations between service providers headquartered in the region and automotive manufacturers

Players operating in the market are directing their efforts towards research and development activities to find solutions to real-time communication challenges and are focusing on enhancing fleet management applications,” remarks FMI analyst.

COVID-19 Impact on 5G in Automotive and Smart Transportation Market

The unforeseen outbreak of COVID-19 is expected to create fluctuations in the growth of the market, but the long-term growth prospects are expected to remain unhinged. In early 2020, governments in the East Asian region, a prominent regional market, implemented nationwide lockdowns to contain the swiftly mounting rate of infections. As a result, manufacturing in the automotive sector came to screeching health, consequently bringing down the sales of automobiles. Along similar lines, the COVID-19 also posed a challenge to the wide rollout of 5G networks, thus hindering its adoption in the automotive sector. While the downtrend prevailed through the first quarter, the revamp of the automotive market began from the end of the second quarter, ensuring that the healthy growth of the market remains intact.

Who is winning?

Players operating in the 5G in the automotive and smart transportation market are opting for long-term investments directed towards upgrading new revenue streams, such as Wi-Fi 6, the next-generation standard in WiFi technology, and automotive intelligence to strengthen their foothold. Furthermore, players are launching novel technologies and are entering collaborations to gain a competitive edge:

  • In Jan 2020, Qualcomm Technologies, Inc. launched a Car-to-Cloud Service powered by 5G to help automakers keep cockpit and telematics systems up-to-date.
  • Around the same time, Verizon announced a partnership with HERE Technologies to collaborate on the development of safety and navigational systems in connected cars.

FMI’s report includes profiles of some of the most prominent names in the market including AUDI AG, BMW AG, Robert Bosch GmbH, Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Huawei Device Co., Ltd., Daimler AG, Nokia, Qualcomm Technologies, Inc., Telefónica S.A., Verizon, Vodafone Limited, and Volkswagen

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To Know More About 5G in Automotive and Smart Transportation Market

A new market research report published by Future Market Insights (FMI) on the global 5G in the automotive and smart transportation market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through four different segments – application, solution, industry, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Automotive Gas Charged Shock Absorbers Market is projected to exceed the revenue of US$ 3.4 Billion towards 2022 end

The global market for automotive gas charged shock absorbers – standing at an approximate valuation of US$ 2.9 Billion in 2021 in terms of revenue sales, is likely to observe a robust annual growth rate over the next few years. Expanding at a CAGR of approximately 5%, the global automotive gas charged shock absorbers market is projected to exceed the revenue of US$ 3.4 Billion towards 2022 end.

Explaining the market dynamics, a senior research analyst at Future Market Insights, elaborates, “Driver’s safety and driving comfort are the two major factors favouring automotive gas charged shock absorbers demand, globally.

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An important part of a vehicle’s suspension, automotive gas charged shock absorbers reduces the effect of travelling in rough terrains, by controlling excessive suspension movements providing a much firmer ride. Ride and handling performance of a vehicle will remain the top influencers in consumer buying decisions, with demand being significantly high in region with poor road conditions”.

Explaining further, the analyst explains, “All vehicles, whether passenger cars to heavy duty trucks, are being increasingly equipped with damping control technology, ensuring improved on-road performance along with protecting critical vehicular components against premature wear and failure.

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Technologically Advanced Electronic and Monotube Variants to Take Over Conventional Shock Absorbers

Compared to the twin-tube design, a monotube shock absorbers are being increasingly preferred owing to its design that further prevents any aeration and cavitation from occurring. Considered ideal for luxury sedans, SUV rear axles, and sports car applications, monotube shock absorbers offers faster damping reaction and prompt responses to changing road conditions, as a result of continuous pressure exerted on the oil, by the gas.

M&A Remains a Preferred Forward Market Strategy

FMI anticipates strategic mergers and acquisitions to remain a critical expansion strategy among manufactures of automotive gas charged shock absorbers, creating a substantial opportunity for the shock absorber market. Some key developments include:

  • Recently, Samvardhana Motherson Group (SMG) entered in a partnership with MS Global India Pvt. Ltd., engaged in the manufacturing of pressed sheet metal and frames for chassis used in commercial vehicles. This partnership is aimed at business expansion in the automotive vehicle components sector. During the same fiscal year, the company established a shock absorber manufacturing company, Magnetti Marelli Shock Absorbers India Pvt. Ltd., to supply shock absorbers for automotive vehicles.
  • In 2018, Tenneco Inc. offered Continuously Variable Semi-Active (CVSA2) suspension technology for SUVs of Mercedes-Benz G-Class. The aim for this product launch was to enrich its market share in the SUV vehicle segment.

FMI Offers Segmentation Analysis of Automotive Gas Charged Shock Absorbers

  • Europe, is anticipated to remain the most lucrative region as the automotive parts and accessories industry continues to remain strong in the region, on account of positive sentiment and perception towards European parts and component. Moreover, intense transition towards EVs and ADAS, collaboration with tech companies, and increasing investment in R&D are likely to be the key trends in the Europe automotive gas charged shock absorbers market.
  • Automotive gas charged shock absorbers market in India and SEAP is anticipated to grow at a notable growth rate during the forecast period
  • Sales of automotive gas charged shock absorbers through OEM channel is anticipated to represent a market share of nearly 45 percent, through the forecast period of 2018 to 2027, growing at US$ 181.9 Mn annually.
  • Revenue from aftermarket automotive gas charged shock absorbers segment is anticipated to increase at moderate CAGR, valued a little over US$ 208 Mn by 2027.

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Automotive Gas Charged Shock Absorbers Market: Segmentation

Sales Channel:

  • OEM
  • Aftermarket

Vehicle Type:

  • Passenger Car
  • LCV
  • HCV
  • Two Wheelers

Design Type:

  • Twin
  • Mono

Region:

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

Key Points Covered In Automotive Gas Charged Shock Absorbers Market Research

  • Market Estimates And Forecast 2021 – 2031
  • Key drivers and restraints impacting the market growth
  • Segment wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on automotive Gas Charged Shock Absorbers Market And How to Navigate
  • Recommendations on Key Winning Strategies

About Future Market Insights (FMI)

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

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Digital Risk Protection Platform Market Gain Impetus due to the Growing Demand over 2020-2030

Rapid technological advancements in recent years have compelled companies to invest in smart database solutions. The increasing volumes of data collection have made it easier for cyber-criminals to target the organization’s operations and steal their data for financial gain. Digitization has led to multi-channel convergence and several fragile interfaces.

Such data breaches prove deleterious for the organization’s long-term survival. Hence, the 21st century has been witnessing high procreation of smart cyber-security solutions.

These solutions are being increasingly implemented across the IT, BFSI, governmental and healthcare industries to name a few. According to FMI, the market shall surge staggeringly, reaching US$ 1.9 Bn by 2030.

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Digital Risk Protection Market: Key Takeaways

  • Cloud-based integrated digital risk protection platforms to acquire high popularity, expanding at ~11%
  • North America is likely to emerge as the market hegemon, attributed to high expenditure on security solutions
  • SMEs to gather significant momentum in the forecast period, ascribed to their growing business volumes
  • BFSI to dominate the market in terms of industrial applications. Rising volumes of banking transactions is the chief driver
  • East & South Asia are poised to be the fastest growing regions, attributed to high volumes of digital business operations

Prominent vendors are capitalizing on integrated cloud-based solutions for data protection and mobility and e-mail security to reduce threat and compliance risk,” opines the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has impacted business in every sector. Social distancing norms are compelling organizations to transition towards digitalization to ensure operational continuity. Adoption of cloud computing platforms and build-your-own-devices to facilitate remote working are becoming highly mainstream.

According to estimates, nearly 3/5th of the organizations have adopted cloud platforms as a new normal. Companies are transforming existing infrastructure into virtual environment, aggrandizing the risk of cyber threats.

Organizations are experiencing cyber threats and security vulnerabilities in remote working. Cyber criminals are leveraging the COVID-19 pandemic scenario to initiate ransomware, phishing emails and data theft attacks to steal confidential information.

Competitive Intelligence

The digital risk protection platform market is highly fragmented, characterized by the presence of a number of regional players and global corporations. Within the scope of this report, the following companies have been profiled: Proofpoint, Digital Shadows Ltd, FireEye, RSA Security LLC, Axur, Cyberint, RiskIQ and Safeguard Cyber.

The aforementioned market players tend to rely on collaborations, partnerships and product launches in order to stay afloat. In August 2020, for instance, Proofoint partnered SaiPoint to develop a cyber-security solution aimed at safeguarding users’ data in e-mail inboxes. Moreover, end-users can avail secure access to applications without the fear of any malware attacks.

In July 2020, Digital Shadows initiated a new database service enabling organizations to discover possible data breaches by introducing additional capabilities within its SearchLight platform.

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More Insights

FMI’s report on the digital risk protection platform market is segmented into four major sections such as solution (integrated digital risk protection platform, and services), enterprise size (SMEs, large enterprises), industry (government, education, manufacturing, automotive, BFSI, healthcare, IT & Telecom, and others) and region(North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the digital risk protection platform market.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.