Ultrasonic Sensors Market to Witness a Pronounce Growth During 2020 -2030

The global ultrasonic sensors market is estimated to register a CAGR of 12.0% during the forecast period of 2020-2030.

Ultrasonic sensors are widely used in robotics as these sensors are not affected by moisture, dust, and dirt and are also used in a dark environment since the light does not affect the sensor’s detection ability. Furthermore, use of robotics for obstacle avoidance with real time communication is also projected to drive the market.

Ultrasonic sensors are used in robotics to avoid the obstacle in their way, so that they can move toward the target area. Moreover, ultrasonic sensors are utilized to detect the large obstacle and to obtain information between the robot and obstacle. They help robots for object detection, tracking an object, and detecting the position of object to avoid collision and ensure task is carried out without any hindrance.

The adoption of robots is increasing in various sectors including healthcare, logistics, manufacturing, and others. According to predictions over 40,000 robots would enter the industry by 2020 as businesses are adopting automation to ensure continuity.

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Key Takeaways: Ultrasonic Sensors Market

  • Automotive industry is estimated to register a CAGR of 15.5% in the ultrasonic sensors market demand anti-collision and distance measurement sensors soars
  • Liquid level measurement segment to dominate in 2020 with a market share of 38.5% followed by distance measurement and object detection
  • Through beam sensors segment is expected to witness a growth of 12% Y-o-Y  with feature such as powerful acoustic beam
  • South Asia & Pacific ultrasonic sensors market is estimated to register high CAGR as healthcare sector demand better imaging technologies

COVID-19 Impact Analysis on Ultrasonic Sensors Market

The COVID-19 pandemic has impacted businesses globally.  The severe lockdowns have disrupted production of ultrasonic sensors as raw material supply chain to remains distraught.

While the situation continues to be serious with governments are still imposing physical distancing norms for protection, supply chains are slowly normalizing.

However, the demand for ultrasonic sensors is going to take a while to pick as its related industries have witnessed a slump. Besides it being an important part of automation, it is also used in healthcare, a sector that will be the key revenue generator. Reduced to no sales of automobiles is projected to hit the market very hard in the coming days. On the other hand, a raised consciousness about smart homes and lighting solutions is expected to bode well for the market.

 “Key players are forming alliances with players that offer innovative and differentiated products for various industries. Thus, mergers, acquisitions, and partnerships are expected to be consistent trend amongst market players for enhancing their presence in the market. Players are focusing on offering ultrasonic sensors that can withstand in the toughest conditions, so that the sensors can be used in harsh environment,” says FMI Analyst.

Increasing Adoption of Ultrasonic Sensors in Medical Applications

The demand is for ultrasonic sensors for medical applications is increasing as these sensors are risk-free substitute to radiography solutions and alternative to piezoelectric sensors. Ultrasonic sensors are widely used in medical applications as these sensors can visualize the internal condition of the human body without any damage.

They are used for various medical inspections including diagnosis of internal body organs like kidneys, liver, gallbladder, and for tracking the growth of fetus and its health condition. As the ultrasonic sensors have the ability of real-time visualization, they are used for tissue biopsy sampling while locating the target organ.

Ultrasonic sensors are also used for close examination of eyes, cardiac diagnosis, and also for breast cancer check-ups to detect the presence of lumps under the breast. For detecting any physical abnormality of the uterus, uterus examination is done by using ultrasonic sensors. Moreover, ultrasonic sensors also help in detecting arteriosclerosis by checking the intimal thickness measurement, blood flow and endothelial function test.

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Key Segment

Type

  • Proximity Sensors
  • Retro-reflective Sensors
  • Through Beam Sensors
  • Others

Application

  • Object Detection
  • Distance Measurement
  • Liquid Level Measurement
  • Anti-Collision Detection
  • Others

Vertical

  • Automotive
  • Healthcare
  • Food & Beverages
  • Oil & Gas
  • Industrial
  • Others

The extensive usage of these sensors in the healthcare segment is projected to play an important part in offsetting the losses in the long term. The adoption of ultrasonic sensors in medical field is estimated to grow by 1.5X from 2019 to 2020.

More Valuable Insights on Ultrasonic Sensors Market

FMI’s report on the ultrasonic sensors market is segmented into four major sections such as type (proximity sensors, retro-reflective sensors, through beam sensors, and others), application (object detection, distance measurement, liquid level measurement, anti-collision detection and others), Industry (automotive, food & beverages, medical, industrial, oil & gas, 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 ultrasonic sensors market.

Mindfulness Meditation Application Market to Witness a Pronounce Growth During 2020 -2030

The demand for stress management in recent years has upped the search for meditation methods, creating a lucrative ground for entry of mindfulness mediation applications. Today, these applications, that come with a promise of anxiety control, have become a serious business worth billions of dollars. A boom of wellness–oriented lifestyles have become a profitable arena for investors. Future Market Insights predicts that this trend is more concrete than a passing phase as wellness gurus are expected to take up technology to reach out to younger population.

The growing demand for mindfulness meditation applications also comes as it is rectifying the bad image of overuse of mobile phones. Smartphones are extensively being used to achieve meditative states amongst beginners and regular practitioners. In the coming decade, the mindfulness meditation application market is projected to see a quantum leap as there is a massive shift from overworking to living mindfully.

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Key Takeaways of Mindfulness Meditation Application Market

  • North America to dominate global mindfulness meditation application market are it is poised to earn a valuation of US$ 45 Mn by the end of 2030
  • Android users will lead the market gaining a 47bps of current market value by 2030
  • 70% users are expected to belong to Generation Z as mental health awareness gains momentum on social media platforms
  • Japan to be a key spender on mindfulness meditation apps as well as the youth seeks Zen life through technology

Mindfulness meditation has gained immense popularity opening, a doorway for app developers to tap into the growing consumer need to live a better life. This is expected to increase the overall revenue generated by the ICT sector globally in the coming ten years. Mindfulness meditation apps not only teach meditation with simpler techniques but also help in addressing issues such as insomnia, anger management, and anxiety issues, which is drawing users to them,” says FMI analyst.

COVID-19 Impact on Mindfulness Meditation Application Market

The downloads for mindfulness meditation have certainly seen a spike amidst the COVID-19 pandemic. According to a study, the top 10 wellness apps, operating in English language, witnessed 2 million downloads in April 2020.

The business has been growing for these apps as the pandemic has raised overall anxiety levels amongst users with layoffs, threat of diseases, death of loved ones, and in general uncertainty. Thus the need to manage stress can be felt with ferocity more than over amongst users and seekers.

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Furthermore, strategies such as free access to frontline workers and increased number of days for free trial have also won the app makers a relatively wider clientele. While the ethics of using the pandemic to promote business can be contested, it is definite that the unprecedented times have led to unprecedented business for these apps.

Mindfulness Meditation Application Market: Segmentation

The mindfulness meditation application market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Operating System

  • Android
  • iOS
  • Others

Service Type

  • Paid (In-app Purchases)
  • Free

More Valuable Insights on Mindfulness Meditation Application Market

In its latest report, Future Market Insights offers an unbiased analysis of the global mindfulness meditation application market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the mindfulness meditation application market, the market is segmented on the basis of service type (paid and free), operating system (Android, iOS, and others), and across seven major regions.

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.

Telehealth Software Market Expected to Expand More than Three-Fold through 2030

Future Market Insights predicts that the global telehealth software market will surge at an impressive CAGR of 17% between the forecast years of 2020 and 2030. Use of information and communication technologies in support of healthcare delivery is poised to become indispensable.

The adoption of telehealth software is transforming the healthcare delivery phenomenally. With remote monitoring, wireless communications, and electronic consults, telehealth software is helping healthcare providers to expand patient care while improving patient satisfaction and outcomes.

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With the rising use of digital technologies to deliver medical care and public health, hospitals, and healthcare systems are at the forefront of adopting and expanding via telehealth. For instance, according to American Hospital Association, recent years have witnessed significant growth in adoption of telehealth software and solutions with more than 76% of hospitals in the U.S. fully or partially implemented computerized telehealth system till 2018.

Digital technologies are continuously becoming an important resource for the enhanced delivery of health services and with the growing adoption of mHealth solutions, the opportunities for the growth of telehealth software is set to rise sharply in coming years.

Research indicates that there has been high spending on digital healthcare infrastructure with increasing sales of wearable technologies. Moreover, the integration and development of digital health technologies such as Internet of Things (IoT), augmented and virtual reality (AR/VR), artificial intelligence (AI), and more are creating potential growth opportunities for the telehealth software market.

Key Takeaways of Telehealth Software Market Study

  • Cloud-based segment expected to capture around 45% of market share in 2020 and register a CAGR of 18% during the forecast period
  • Healthcare providers are dominating the market with the market share of 85% in 2019, owing to the growing adoption of real-time communication solutions and increased adoption of remote patient monitoring
  • South Asia & Pacific is estimated to grow at a CAGR of 20% in the telehealth software market owing to the continuous investments in digitalizing healthcare infrastructure

COVID-19 Impact Analysis on Telehealth Software Market

The outbreak of COVID-19 highlighted the need for businesses to adapt quickly to remote working options, pushing them to change their technological landscape to ensure business continuity during the pandemic. Thus, it brought the critical need for adoption of digital technologies and innovative solutions in the healthcare sector. With the evolving COVID-19 pandemic, healthcare providers are focusing on implementing and upgrading telehealth software and solutions to enhance their ability to care for massive increase in patients.

The adoption of telehealth software and solutions is helping healthcare providers and payers in avoiding unnecessary visits to healthcare facilities, thus, reducing the exposure to the coronavirus and also in keeping those on the frontlines safe. In addition to this, the demand for cloud-based telehealth software is expected to surge as the demand for real-time communication and remote monitoring is set to increase in coming years.

The telehealth software market grew around 13% Y-o-Y in 2018 and 2019 and with the outbreak of COVID-19, the market is expected to witness a growth rate of around 18%-20% during 2021-2023. Moreover, the telehealth software market is projected to increase 1.4x between 2020 and 2022, owing to the outbreak of COVID-19.

“With the outbreak of COVID-19, the digital health sector is likely to witness a massive spike from supply and demand side. The need for transforming healthcare delivery and to scale up the healthcare infrastructure by unleashing the supremacy of digital technologies is expected to create potential opportunities for the telehealth software market in coming years,” says the FMI analyst

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Competition Landscape – Driving Growth through Innovation

Ongoing technological revolution, intense competition, and ever-changing customer expectations are creating a storm in the global telehealth software market, which is compelling solution providers to integrate smart technologies such as AI, IoT, Block chain, and AR/VR. Moreover, collaborations and partnerships with IT solution providers can also help telehealth software solution providers to enhance their market share and customer base.

For instance, in October 2019, American Well and Cleveland Clinic entered into the partnership to offer customers with broad access to healthcare services via telehealth. Together, both the organization formed a joint venture company “The Clinic” which offers the virtual care through American Well’s digital health technology platform.

Some of the key players in the telehealth software market are Aerotel Medical Systems Ltd., Koninklijke Philips N.V., Teladoc Inc., American Well, Chiron Health, Medtronic, Honeywell International, Tunstall Healthcare, AMD Global Telemedicine, Inc., Cisco Systems, Inc., and Medvivo Group Ltd.

More Valuable Insights on Telehealth Software Market

FMI’s report on the telehealth software market is segmented into four major sections which are Component (Software and Services), deployment (On-premises and Cloud based), end user (Healthcare Providers and Healthcare Payers & Patients), 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 Telehealth Software 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.

Mhealth Solutions Market Expected to Expand More than Three-Fold through 2030

The penetration of smartphones, tablets, and other mobile devices is increasing rapidly, which is creating growth opportunities for the mhealth solutions market. mHealth has a wide range of uses, from chronic care management to complex population health analysis.

Moreover, the increasing shift toward outcome-based delivery and a patient-centric model is creating rapid demand for mHealth for healthcare transformation. The increasing adoption of mobile devices and fitness trackers, driven by growing health awareness among people, is encouraging the key players to develop enhanced health-oriented smart devices, and this is driving the market. To capitalize on this potential revenue opportunity, various healthcare solution providers are expected to follow suit in the near future. This is expected to pave the way for customer application development services in the healthcare sector.

The global m-health solution market is estimated to register a CAGR of 26.8% during the forecast period of 2020-2030.

Key Takeaways: M-Health Solution Market

  • Patient segment among the end user is estimated to register a CAGR of 32.5% during the forecast period as the adoption of m-health apps is increasing among patients for keeping track of their health and as preventive measure
  • Disease tracking segment to dominate in 2020 with a market share of 31.7% followed by patient monitoring
  • Growing trend among young age population to maintain healthy lifestyle through various diet and exercise routines is increasing demand for fitness apps. The fitness apps segment is estimated to grow by 28% Y-o-Y from 2019 to 2020
  • Among regions, South Asia & Pacific m-health solution is estimated to register high CAGR, owing to the increasing investments by government in digitalization of the healthcare industry

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The growing demand for new types of wearable devices and application for tracking health & fitness and partnership among key players for offering innovative m-health services to enhance the user experience. Also, with continuous innovation in the technological aspects, m-health devices like wearable fitness trackers are offering various features for its customers and introduction of m-health apps for monitoring and keeping track of health is driving the market growth during the forecast period.,” says FMI Analyst.

COVID-19 Impact Analysis on M-Health Solution Market

COVID-19 pandemic has impacted every sector and due to social distancing norms organizations are transforming towards digitalization to ensure the safety. Due to pandemic the adoption of digital health technologies has increased to help health professionals and public stay up to date about disease, maintain communication and for better strategic planning. The demand is increasing for m-health solutions as these m-health solutions are used to identify the COVID-19 symptoms through remote patient monitoring platforms.

The fear of infection among the people have led them to adopt m-health devices and applications as these devices give people accurate feedback on their blood pressure, body temperature, oxygen level which are restoring the sense of control in people. However, the m-health solution market is estimated to witness a growth of 1.3X in 2020 and 2021 as well.

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Demand for Cloud-based Solutions and Services

Cloud-based services are an attractive means of deploying IT solutions, as they reduce IT infrastructure costs while accelerating the speed of operations for healthcare organizations. This is, in turn, expected to drive the demand for cloud-based mhealth solutions. Cloud based solutions offer increased flexibility, storage and automation. Moreover, using cloud storage, clinical images can be accessed by multiple doctors from any location. Furthermore, mhealth solutions and service providers are increasingly investing in research and development activities to cater to the growing demand for consumer-centric and cloud-based solutions. Increasing competition is influencing companies to introduce innovative cloud-based offerings and upgrade their existing product portfolio to enhance their presence in the market.

More Valuable Insights on M-Health Solution Market

FMI’s report on the m-Health Solution market is segmented into four major sections such as product & services (m-health devices, apps and services), application (disease tracking, wellness management, patient monitoring, others), end user (physician, patients, hospitals, healthcare insurance vendors, 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 m-health solution market

Air Transport MRO Market to reach US$ 72.6 Bn in 2021

In a recent market study, ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global air transport MRO market to reach US$ 72.6 Bn in 2021. With gradually increasing air travel and cargo transport rates, the market is poised to exhibit a 4.8% CAGR during the assessment period.

Sales of air transport MRO services witnessed a downturn in 2020 due to the travel restrictions imposed to contain the novel coronavirus outbreak. However, with resumptions in movement, the market experienced year-over-year growth by 5.0% between 2020 and 2021.

As the pandemic caused various airlines to park aircraft fleets for prolonged periods of time, the demand for air transport MRO services experienced upticks. This has created lucrative opportunities for players operating in the market.

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Apart from this, the emergence of connective technologies such as blockchain, cloud computing, and digital twins in aircraft maintenance will continue driving market growth during the forecast period. MRO service providers are benefitting from launching data-driven MRO solutions and the trend is anticipated to prevail in the forthcoming years.

As per FMI’s regional analysis, the U.S. is anticipated to dominate the North American air transport MRO market. Growth can be attributed to expansions in the aviation industry and stringent government regulations mandating the timely inspection of aircraft for maintenance. Additionally, the presence of leading MRO service providers and OEMs will continue driving developments in the air transport MRO market.

“Product developments by OEMs in collaboration with MRO service providers, coupled with expansion of the aviation industry in emerging economies will continue augmenting market growth through 2031,” says the FMI analyst.

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Key Takeaways:

  • Applications of air transport MRO in the engine segment are estimated to remain high through 2031.
  • Based on aircraft type, narrow-body aircraft will dominate the segment.
  • The U.S. is anticipated to experience high demand for air transport MRO services, owing to the presence of leading players and a vast military and commercial aviation fleet. The North American air transport MRO market is projected to grow at a 4.5% CAGR.
  • The U.K. will emerge as a lucrative market, owing to growing demand for MRO services in the VIP and private jet sectors. The European market is poised to expand at a 4.0% CAGR.
  • Demand for air transport MRO will rise at a positive pace in China, due to the addition of new airlines and aircraft fleets.
  • Japan and South Korea will collectively account for 4.8% of the total market share.

AAR Corporation, Air France Industries KLM Engineering & Maintenance, Delta TechOps (Delta Corporation Ltd, Hong Kong Aircraft Engineering Company (HAECO) Ltd, Lufthansa Technik AG, Turkish Technic Inc., Singapore Technologies Engineering Ltd, Guangzhou Aircraft Maintenance Engineering Company Limited, Sabena Technics, Aeroman, Airbus SAS, and SIA Engineering Company (SIAEC) are among the air transport MRO market players, as profiled by FMI.

Top 5 players comprise Hong Kong Aircraft Engineering Company Limited, Singapore Technologies Engineering Ltd, Air France–KLM, AAR Corp., and Lufthansa Technik AG, holding 11% of the total market share.

As a part of their growth strategies, prominent players operating in the global air transport MRO market are concentrating on mergers, collaborations, and acquisitions to expand their global footprint. For instance:

  • In May 2021, Lufthansa Technik and Airbus teamed up to offer customers with a reversible cargo-in-cabin solution to satisfy urgent flying and transport requirements easily.
  • In June 2021, Turkish Technic and Boeing announced the renewal of their tailored package parts agreement, extending the MRO service providers’ contract by three years. The contact will allow Turkish Technic to reinforce its reliability, efficiency, and access to a global market of parts and component services.

Air transport MRO Market by Category

By Application Type: 

  • Airframe
  • Engine
  • Component
  • Line

By Aircraft Type:

  • Narrow Body Aircraft
  • Wide-Body Aircraft
  • Regional Jet
  • Turbo Prop

By Region: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

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 Definition

2.2. Market Taxonomy

  1. Air Transport MRO Market Background

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Global Economic Outlook

3.3.1. Global GDP by Region and Country

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Trends

3.5. Supply Chain Analysis

3.6. Forecast Factors – Relevance & Impact

  1. Global Air Transport MRO Market Analysis 2016–2020and Forecast 2021–2031

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 Points Covered in Air Transport MRO Market Survey

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Air Transport MRO Market and how to Navigate
  • Recommendation on Key Winning Strategies

About Future Market Insights (FMI)

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

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Coconut Wraps Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2030

The coconut wraps are yet at an introductory phase but are expected to grow rapidly over the forecast period. As the millennial, keto lovers are taken away by storm and extensively demanding the coconut wraps as they are becoming very popular as an alternative to tortilla. The consumers looking for low carb or an alternative to tortilla are considering coconut warps as new big thing. The manufactures are providing coconut wraps in different flavors with free-from diets approved.

The coconut wraps are formulated like conventional tortilla and perfectly cooks for making dessert, sandwich, salad and many other recopies. The coconut wraps are manufactured using coconut water, coconut meat and coconut oil which enables the coconut wraps to be perfect for consumers who follow an alternative diet. The coconut wraps are not only diet friendly but are also free from grains, dairy, starch, yeast, soy and others.

North America is expected to be the dominant region in the global coconut wraps market as U.S. is the largest importer of coconut and coconut products.  The manufactures in North America are equipped with latest technologies and have funds for research and developments. Europe is anticipated to have the fastest growth owing to increase in adoption of coconut products.

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Free-from Rapidly Becoming New Industry Standard 

There are large number of consumers accepting low carb diets such as paleo and atkin, vegan, gluten-free and many others. Free-from diet continues to be the fastest growing trend which is not only followed by coeliac patient but also followed by health conscious individuals holding the belief that free-from products will help them to overcome health issues and support healthy living. This are creating pressure over baked goods manufacturers as consumers are turning away from the baked goods.

To keep up with the rising demand for free-from foods, the manufacturers are focused towards launching sub brands of their flagship brands which are doing well among consumers from all the socioeconomic backgrounds. The startup companies are strategizing to develop and provide such innovative products which includes Nucoconut (NuCo) in US. This coconut wraps are gluten-free, organic, vegan, raw, paleo and ticks all the other trending health buzz words.

Coconut wraps Market: Key Participants

The key players in the global Coconut wraps market are:

  • Nucoconut
  • The Pure Wraps
  • Andy Albao Corporation
  • Thrive Market
  • Others

The report covers exhaustive analysis on:

  • Coconut wraps Market Segments
  • Coconut wraps Market Dynamics
  • Coconut wraps Market Size
  • Coconut wraps Supply and Demand
  • Current Trends/Issues/Challenges pertaining to Coconut wraps Market
  • Competition Landscape and Emerging Market Participants in Coconut wraps Market
  • Technology related to Production/Processing of Coconut wraps
  • Value Chain Analysis of the Coconut wraps Market

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Regional analysis includes:

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

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

The Coconut wraps market can be segmented based on source and application

nature:

  • Organic
  • Conventional

flavors:

  • Original
  • Turmeric
  • Cinnamon
  • Moringa
  • Others

sales channel :

  • B2B
  • Food Service (HoReCa)
  • B2C
  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Discount Stores
  • Food & Drink Specialty Stores
  • Independent Groceries
  • Online Retailing

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Emission Control Catalyst Market valuation of US$ 20.06 Bn during the forecast period 2021-2031

According to ESOMAR-certified consulting firm Future Market Insights’ (FMI), the global emission control catalyst market is projected to rise at above 10% CAGR, surpassing the market valuation of US$ 20.06 Bn during the forecast period 2021-2031.

As per Future Market Insights (FMI) analysis, the global emission control catalyst market is anticipated to expand at a 6.50% compound annual growth rate (CAGR) during the forecast period 2021-2031. The market valuation is projected to exceed US$ 8,070 Mn by 2031, registering the sales of 23,22,736 tons of emission control catalysts in 2021.

Expansion of the automotive industry, coupled with implementation of stringent government regulations regarding toxic gas emissions from vehicles and industries, is bolstering the demand for emission control catalysts.

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Increasing adoption of energy and fuel-efficient vehicles in developed regions such as the U.S., Germany and the U.K. will further boost the market growth in the upcoming decade.

The rising demand for lightweight passenger vehicles in developing regions such as China, Japan, India and Brazil will provide lucrative opportunities to the manufacturers operating in the market.

Key Takeaways from FMI’s Emission Control Catalyst Market Study

  • Palladium-based catalyst will dominate the product segment throughout the forecast period.
  • Demand in mobile equipment is anticipated to rise at a higher pace.
  • The U.S. will showcase high demand for emission control systems due to rising automobile sales.
  • The U.K. will emerge as a leading emission control catalyst market owing to implementation of stringent regulations and the presence of leading players.
  • Rising population and increasing adoption of new-energy vehicles across the country will bolster sales in China.
  • South Korea and Japan will account for approximately 7.50% of the total market share.

“Growing consumer preference towards energy-efficient vehicles, coupled with stringent government regulation regarding emissions will fuel the growth,” says the FMI analyst.

Competitive Landscape

Johnson Matthey, BASF SE, Haldor topsoe, Umicore, Corning Inc., Clariant AG, Zeolyst International, Heraeus Holding, Solvay SA, Cormetech, NGK Insulators Ltd., Aristo Global, Nett Technologies Inc. are some key players operating in the emission control catalyst market.

As per FMI’s analysis, key players are focusing on thorough research and development to enhance and expand their product portfolio.

Major players are also establishing tie-ups and targeting mergers and acquisitions with regional players for the expansion of their company, along with innovations in design and efficiency of their product range. For instance

  • In March 2019, Johnson Matthey launched a newly developed automatically regenerating Active DPF diesel particulate filter (DPF) system for stationary diesel engines, adding to the company’s robust portfolio.
  • In December 2018, the BASF SE opened a new site in Pudong, Shanghai, China for the product of its mobile emission catalysts, expanding the facility by more than 30,000 square meter to support the increased production.

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Emission Control Catalyst Market by Category

By Product Type

  • Diesel Based Emission Catalyst
  • Diesel Oxidation Catalyst (DOC)
  • Selective Catalytic Reduction Catalyst (SCR)
  • Catalyzed Soot Filter/ Diesel Particulate Filter
  • Ammonia Oxidation Catalyst (AMX)
  • NOx Adsorbers
  • Gasoline Based Emission Catalyst
  • Palladium based catalyst
  • Rhodium based catalyst
  • Platinum based catalyst

By Application

  • Mobile Equipment
  • Heavy-Duty Vehicles
  • Off-Road Vehicles
  • Passenger Cars & Light Duty Vehicles
  • Motorcycles, Scooters and Three Wheelers
  • Gardening Equipment
  • Stationary Equipment
  • Industrial Engines
  • Generators
  • Off-Road Equipment

By End Use

  • OEM
  • Retrofit

By Pollutant Type

  • Nox
  • CO
  • Hydrocarbons or Volatile Organic Compounds –
  • (HC/VOC)
  • HAPs
  • DPM (Diesel Particulate Matter)
  • NH3 (Ammonia)

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia Pacific
  • MEA

Table Of Content

  1. Executive Summary

1.1. 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

2.3. Catalyst Market Overview

  1. Market Viewpoint

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

  1. Global Emission Control Catalyst Market Analysis 2016 – 2020 and Forecast 2021 – 2031

4.1. Introduction

4.1.1. Market Volume Projections

4.1.2. Market Size and Y-o-Y Growth

4.1.3. Absolute $ Opportunity

4.2. Global Supply Demand Scenario

4.3. Value Chain

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Key Points Covered in Emission Control Catalyst Market Survey

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Emission Control Catalyst Market market and how to Navigate
  • Recommendation on Key Winning Strategies

About Future Market Insights (FMI)

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

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Hydrostatic Transmission Market for the next decade estimated at a CAGR value of over 5.9% during 2021-2031

On the backdrop of growing power transmission requirements in off road vehicles and material handling systems, Future Market Insights projects a promising growth outlook for the global hydrostatic transmission market for the next decade estimated at a CAGR value of over 5.9% during 2021-2031.

By capacity, in terms of value, medium duty segment will continue to represent maximum market value, owing to higher end use applications and ideal weight for transmission purpose compared to light duty and heavy duty equipment.

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Adoption of Hydrostatic Transmission Pushed up by a Broadening Application Base in Agricultural Industry

Global hydrostatic transmission market is primarily driven by increasing agricultural activities, leading to the demand and availability of an extensive range of agricultural equipment. One of the top advantages that hydrostatic transmission offers when used in such vehicles is its capability to deliver precise amount of power at low speed and high torque, simultaneously. This attribute makes it an ideal transmission system for off road vehicles, including those used in construction machinery, mining equipment, and material handling equipment.

Additionally, hydrostatic transmission is more versatile when compared to its mechanical counterparts, wherein a variable output can be achieved through fixed input power and other combinations unlike mechanical transmission. The changes in step-less speed ratio of hydrostatic transmission also makes it an attractive prospect for the OEMs to capitalize on, for their products.

Hydrostatic transmission is also preferred by various end users owing to other myriad advantages such as low inertia, high torque-to-speed ratio, and dynamic braking, which are expected to further encourage the growth of market in next few years.

However, there are some disadvantages associated with using hydrostatic transmission which can hinder the growth of the market in the upcoming years. Some of the factors include high occurrences of internal fluid leakage or backward flow, high initial cost and maintenance requirement, lower efficiency than mechanical transmission system, and varying temperature spots within the transmission system.

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Market segmentation

The market segmentation offered in the report study is mentioned below:

By Capacity

  • Light Duty
  • Medium Duty
  • Heavy Duty

By Operation Type

  • VDM-CDP
  • VDP-CDM
  • VDM-VDP

By End User

  • Agriculture
  • Construction & Mining
  • Logistics & Transport
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • Middle East & Africa
  • Japan
  • China
  • India

Table Of Content

  1. Executive Summary

1.1. Market Overview

1.2. Market Dynamics

1.3. Market Analysis

1.4. FMI Analysis and Recommendations

1.5. Wheel of Fortune

  1. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

  1. Global Hydrostatic Transmission Market Analysis Scenario

3.1. Introduction

3.1.1. Market Volume Projections

3.1.2. Market Size and Y-o-Y Growth

3.1.3. Absolute $ Opportunity

3.2. Value Chain

3.3. Pricing Analysis, 2017

3.4. Macro-Economic Factors

3.5. Market Attractiveness

3.6. Market Dynamics

3.6.1. Drivers

3.6.2. Restraints

3.6.3. Trends

3.6.4. Opportunities

3.7. Forecast Factors: Relevance and Impact

3.8. Porters’ Five Forces Analysis

3.9. Patent Filings

3.10. Market Participants Opinion

  1. Global Hydrostatic Transmission Market Analysis 2016 – 2021 and Forecast 2021 – 2031, By Capacity

4.1. Introduction / Key Findings

4.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Trend Analysis By Capacity, 2016 – 2021

4.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Capacity, 2021 – 2031

4.3.1. Light Duty

4.3.2. Medium Duty

4.3.3. Heavy Duty

4.4. Market Attractiveness Analysis By Capacity

4.5. Section Summary

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US & Canada Collectively Enable North American Market for Hydrostatic transmission to Deliver Top-notch Performance

As indicated by the regional analysis included in the report, Western Europe is expected to remain dominant throughout the forecast period. Other key markets, i.e. Western Europe, North America, and China will also continue to witness promising growth, in terms of demand and manufacturing of various end use equipment.

North American market is expected to position itself as a renowned off road vehicle manufacturer region, as both the US and Canada are foreseen to significant contribute to the growth of regional market.

Markets in developing economies of Latin America, Middle East & Africa, and Eastern Europe will possibly hold relatively smaller market value shares due to limited production of end use equipment within these regions. However, the market share estimate for Eastern Europe may improve in the next few years, owing to improving agricultural equipment manufacturing scenario in Russia.

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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Organic Stevia Market : Notable Developments & Geographical Outlook 2021 to 2030

Consumers facing many health problems are now finding organic sweeteners a more viable and favourable option for them. This change in the preference of consumers has added fuel to the growth of use and interest in organic stevia-based sweeteners in the market. Stevia is an herb native to Latin America. High-grade organic stevia sweetener is derived from the leaves of the plant, Stevia rebaudiana, and is authorized for consumer use in many parts of the world. Considering the consumer’s preference organic stevia has proved to answer for many of their demands- as it is extracted from stevia plants, organic stevia sweeteners are label-friendly and provide a sweet taste avoiding the harmful effects of sugar and calories. For product innovators, it has become a versatile component that can resolve both the technical issues of sugar-free production and the preservation of label-friendliness in several food and beverage applications.

Cargill is innovating ways to improve the capabilities of stevia ingredients as they provide the same sweetness for the various product application and reducing the calorie content of the product.  Steviol glycosides, which are sweet parts of the stevia plant are almost 150 x sweeter than sugar and are also heat stable.

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Organic Sweetener Properties which have Zero Chemical Components is driving the Organic Stevia Market

Organic stevia is a completely organic herbal sweetener and is also a great alternative for sugar. Organic stevia has zero calories and carbohydrates, it is also helpful to cure ailments. Several low-calorie sweeteners that are artificial in the market, but most of them are manufactured by a chemical process and are produced in industries.

There are fewer organic sweeteners available in the market, organic stevia being one of them. Our human body does not breakdown glycosides in organic stevia and hence it contains O calories the same as artificial sweeteners. Organic stevia (150x), Erythritol (70 times), Maltitol (90 times), and also fructooligosaccharides (50times) are a number of natural sweeteners that have a good taste but taking into consideration sweetness percentage organic stevia still tops the list.

Organic Stevia: Key Players

Some the key players operating their business in the global Organic Stevia market are-

  • SWEETLEAF.Pure
  • Easy Use
  • KAL
  • NOW FOODS
  • Nature Restore
  • Green leaf
  • In the Raw.

The study is a source of reliable data on:

  • Organic Stevia market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg Poland and Russia)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)
Organic Stevia: Market Segmentation

Based on extract type, global Organic Stevia can be segmented as: –

  • Powder
  • Liquid
  • Leaf

Based on application, global Smoked Yeast can be segmented as: –

  • Bakery
  • Tabletop Sweetener
  • Dairy Product
  • Packaged Food
  • Beverages
  • Confectionery
  • Dietary Supplements
  • Others

Report Highlights:

  • 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 Organic Stevia market
  • Recommendations to companies for strengthening their foothold in the organic stevia market

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Fifth Wheel Coupling Market stands to grow at 5.7% CAGR between 2021 and 2031

Fifth Wheel Coupling Market Snapshot

[375 Pages Report] Sales in the fifth wheel coupling market stands to grow at 5.7% CAGR between 2021 and 2031 in terms of value. Volume demand is estimated to grow at a CAGR of 5.3% over the forecast period. As per Future Market Insights (FMI), the fifth wheel coupling market represents 4% of the semi-trailer market.

Demand in the construction and mining industries will enable growth in the market. Transportation demand is expected to increase as the mining and petrochemical industries expand, particularly in Europe and the Middle East & Africa. This will fuel the demand for fifth wheel coupling for cost-effective goods movement, as well as increased safety and productivity.

Due to the use of new tech to increase product quality and ensure compliance with government rules and policies with regards to emission-control standards, automotive fifth wheel couplings are in high demand. The use of enhanced material tech in the production of automobile components increases component load capacity and strength.

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These improvements enable fuel efficiency in vehicles. Furthermore, automotive fifth wheel couplings are relatively small in weight, making them perfect for improving vehicle durability and performance. Fifth wheel connectors are likely to be used by manufacturers to improve fuel economy.

Driven by these developments, the fifth wheel coupling demand will surge in the automotive sector. With focus on emission control expected to skyrocket in the coming years, sales in the fifth wheel coupling market has been projected to surpass US$ 1.0 Bn by 2031.

Key Takeaways from Market Study

  • By product type, semi oscillating fifth wheels are expected to account for the dominant share of more than 55% in the global market.
  • By operation, mechanical segment is expected to continue leading, accounting for sales of more than 60%.
  • By capacity, between 20 to 30 tons segment will dominate the market with more than 40% share.
  • By material, cast steel is projected to dominate the market with a share more than 30%.
  • By region, East Asia is expected to have the largest share in the market accounting to more than 30% of sales.

 “Advancements in materials to produce lightweight and high capacity fifth wheel coupling, high rate of urbanization, trade liberalization among countries, and increasing popularity of semi-trailers for moving cargo will drive the fifth wheel coupling market,” says a Future Market Insights analyst.

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Key Market Segments Covered

Product Type:

  • Compensating
  • Semi Oscillating
  • Fully Oscillating

Operation:

  • Hydraulic
  • Pneumatic
  • Mechanical

Capacity:

  • Below 20 tons
  • Between 20 to 30 tons
  • Between 30 to 45 tons
  • Above 45 tons

Material Type:

  • Cast Steel
  • Cast Iron
  • Fabricated Steel
  • Aluminum
  • Others

Sales Channel:

  • OEM
  • Aftermarket

Region:

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

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Fifth Wheel Coupling Market Competitive Landscape

Some of the leading players operating in the market are JOST Werke AG, SAF Holland, Foshan Yonglitai Axle Co., Ltd., Xiamen Wondee Auto parts Co., Ltd., Zhenjiang Baohua Semi-Trailer Parts Co. Ltd, Guangdong Fuwa Engineering Group Co., Ltd., Tulga Fifth Wheel Co., Sohshin Co. Ltd, Fontaine Fifth Wheel, RSB Group, Hunger Hydraulics Group, ACCL (PL Haulwel Trailers), Titgemeyer Group, Shandong Fuhua Axle Co., Ltd., Land Transport Equipment Co.Ltd, CM Trailer Equipment Ltd, Horizon Global Corp and others.

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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