Migratory Birds Tourism Market Reaches US$ 35 Billion Mark: Bird Watching Enthusiasts Fuel Record Growth, Forecast Suggests 7% CAGR by 2032 | FMI

Migratory Birds Tourism Market
Migratory Birds Tourism Market

The migratory birds tourism market is poised to reach a valuation of US$ 12 Billion in 2022. Sales are projected to increase at a 7% CAGR, with the market size reaching US$ 35 Billion by 2032.

The migration of birds mainly takes place during the harsh winters which are extremely difficult for most of the living beings to survive. These migratory flights usually start from northern to the southern part of the world. Birds migrate majorly because of scarcity of food during extremely cold temperatures and breeding. There are various species of birds that migrate because of unsuitable conditions for survival during extreme climatic shift to several locations.

These birds travel large distances across countries and sometimes continents. These unique species attracts birdwatchers by their elegance and magnificence.

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There has been a rise in the number of people interested in bird watching, while migratory birds are fascinated by most of the population. The wild life photographers are interested in these spectacular species of birds as well, increasing the potential of bird watching audience. While governments and associations all over the world are taking great initiatives to tackle the restraints in the migration of birds and their survival. This has increased the amount of destinations in migratory birds’ flight routes. The tour providers are coming up with exciting packages to gain attention of more and more tourists. This has provided a rigid foundation for the extension of Migratory Birds Tourism Market and is anticipated to grow at an appreciable pace.

Key Takeaways:

  • Based on age of tourists, 35-45 and 46-55 years segment are predicted to account for a dominant share of Travelers in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~75%.
  • Based on packages, Migratory Birds tourism travelers will continue to opt packaged deals over the normal travel deals.
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Key Manufacturing Companies

  • India Bird Watching
  • Junglelore Pvt Ltd
  • Yatra.com
  • Travel Tour World
  • National Geographic Partners
  • Shikhar Travels
  • Ranthambore natoinal park.com
  • Toehold Travel
  • Himalaya Birding
  • Nature trip

Key Segmentation by Migratory Birds Tourism Market 

By Bird Type, Migratory Birds Tourism Market is segmented as:

  • Greater Flamingo
  • Artic tern
  • Siberian Crane
  • Great White Pelican
  • Others

By tour duration, Migratory Birds Tourism Market is segmented as:

  • 1-3 days
  • 4-6 days
  • 7 days and more

By Booking Channel, Migratory Birds Tourism Market is segmented as:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type, Migratory Birds Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Migratory Birds Tourism Market is segmented as:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group, Migratory Birds Tourism Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 56-65 Years
  • 66-75 Years

By Region, Migratory Birds Tourism Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Demand for healthy cooking options and innovative packaging creates a space for premium clarified butter products | FMI

clarified butter market
clarified butter market

A 9.4% CAGR is forecast for the clarified butter market, which is predicted to reach a global market value of US$ 6.11 billion by 2033 from an estimated US$ 2.49 billion in 2023.

Partly due to globalization, clarified butter is becoming more and more popular. Customers from the millennial generation are foodies who have played around with the flavor and nutritional value of food.

Since there are fewer barriers preventing the cross-border flow of regional food products, they have more options. The changing dietary aims and taste preferences of customers have led to an increase in sales of clarified butter. The requirement that manufacturers of dairy products now provide a variety of clarified butter options on the international market is a significant driver of the dairy industry’s expansion.

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High Product Cost is a Crucial Market Setback

It is projected that the market expansion will be hampered by the high cost of clarified butter in comparison to other cooking oils. In the coming years, it is also estimated that the expanding consumer trend towards low-fat and vegan diets may restraint market expansion.

Regional Standpoints

Asia Pacific became the largest regional market, holding a share of over 45% of the market. Clarified butter is commonly used in a variety of dishes, including biscuits, cookies, chicken, scallops, paneer, oats, soups, bone marrow, lamb, naan, steak, beef, celery, muffins, brussels sprouts, halwa, rice, dal, biryani, pancakes, fudge, skillets, and paratha.

The European market is expected to grow at a notable 14.8% CAGR between 2023 and 2033. It is anticipated that clarified butter will become a more popular staple meal in countries like Germany, the UK, France, and Italy, where a significant portion of the population places a high priority on health. In the coming years, it is anticipated that an increase in migration from South Asian nations including Bangladesh, Pakistan, and India is poised to create new clarified butter market.

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Key Takeaways

  • In the nature category, the conventional segment is anticipated to record 8.8% CAGR and reach US$ 3.15 billion by 2033.
  • More than 55% of global income came from the traditional sector of nature category.
  • Over 85% of global revenue was generated through offline distribution channels.
  • From 2023 to 2033, the CAGR of 12.1% is anticipated for the online retail stores segment of the clarified butter market.
  • With a share of more than 45% throughout the course of the forecast period, Asia Pacific became the dominant clarified butter market.
  • The significant CAGR of 14.8% is predicted for Europe between 2023 and 2033.
  • By 2033, China is anticipated to have a projected market worth US$ 1,799.72 million, recording 14.3% CAGR.
  • An estimated US$ 513.2 million is spent on the clarified butter market in the United States.
  • From 2023 to 2033, Japan and Canada market are expected to expand at respective rates of 4.9% and 8.3%.
  • Germany is anticipated to register a CAGR of 6%.

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Competitive Landscape

Leading companies in the global clarified butter market are Organic Valley, Roil Foods Ltd., Verka USA, Grassland Dairy Products, Inc., Netherend Farm Ltd., Amul, Avera Foods (Pty) Ltd., Nordic Creamery, Grassland Dairy Products Inc., Beneficial Blends LLC, and Lurpak.

The main prospects for clarified butter producers globally are new developments in food packaging and expanding markets in emerging nations.

Recent Development

  • Investment

To expand distribution channel and innovation in product line, 4th & heart closed a US$ 7.6 million funding steered by Harbinger Ventures, a capital investor. Similar to this, IndoCan Honey Pvt Ltd funded of US$ 1 million to NutriMoo, a firm that also produces dairy products and clarified butter.

  • Launch

In Andhra Pradesh, India, Heritage Foods Limited opened its first official store in 2018. This tactical move was intended to increase its regional footprint within the nation.

Key Segments

By Nature:

  • Conventional
  • Organic

By Packaging Type:

  • Jars
  • Tubs
  • Tins

By Distribution Channel:

  • Online
  • Offline

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Air Freshener Market Set to Flourish: Predicted Growth at a Healthy CAGR of 6.40% by 2033

Air Freshener Market
Air Freshener Market

In 2022, the air freshener market was recorded at US$ 13.63 billion. The market valuation is estimated to reach US$ 15.47 billion in 2023. The market is predicted to grow at a healthy CAGR of 6.40% from 2023 to 2033. The valuation of the air freshener market is expected to reach US$ 28.72 billion by 2033.

The air freshener market is significantly influenced by consumer spending habits and the performance of the housing market on a global scale. With a growing emphasis on pleasant scents in living spaces, the demand for air fresheners has been on the rise. Over the past few years, the air freshener market has experienced fluctuations, reflecting changing consumer preferences and market dynamics.

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Several factors are driving this growth:

Rising living standards and disposable income: As people have more money to spend, they’re increasingly investing in products that enhance their living environment, including air fresheners.

Urbanization: Densely populated cities often face challenges with air quality, leading to a greater demand for odor control solutions like air fresheners.

Innovation: Manufacturers are constantly introducing new air freshener technologies and fragrances, catering to diverse preferences and needs. This includes:

  • Natural and organic options: Consumers are becoming more health-conscious and seeking alternatives to traditional air fresheners with potentially harmful chemicals.
  • Smart air fresheners: These devices connect to Wi-Fi or Bluetooth, allowing for customized scent control and scheduling.
  • Electric diffusers and essential oils: These offer a healthier and more sustainable alternative to aerosol sprays.

Key companies in the Air Freshener Market

  • Procter & Gamble
  • SC Johnson
  • Reckitt Benckiser
  • Henkel
  • Church & Dwight
  • California Scents
  • ST Corporation
  • Scott’s Liquid Gold, Inc.
  • Amway
  • Kobayashi
  • Liby
  • Houdy
  • Farcent
  • Jiali
  • Ludao
  • Mengjiaolan

Growing demand from commercial users: Offices, hotels, and other businesses are increasingly using air fresheners to create a pleasant and welcoming atmosphere for customers and employees.

Regional variations: The Asia Pacific region is expected to witness the fastest growth due to its expanding middle class and rising disposable income. However, Europe and North America remain significant markets with established consumer preferences.

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Key Segment

By Product Type:

  • Spray/Aerosols
  • Electric Air Fresheners
  • Gels
  • Candles
  • Others (Oils, Plug-ins, etc.)

By Application Type:

  • Residential
  • Commercial
  • Cars
  • Others

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Independent Stores
  • Specialty Stores
  • Departmental Stores
  • Online Retailers
  • Other Sales Channel

By Fragrance Type (% of demand):

  • Flowers
  • Fruits
  • Wood Chips
  • Others

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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sales@futuremarketinsights.com
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Microwave Market: Projected to Expand at a Stable 4% CAGR by 2032, Transforming the Culinary Landscape

Microwave Market
Microwave Market

In 2022, the global microwave market is estimated to reach US$ 8 Billion. Sales of microwaves are expected to increase at a steady 4% CAGR, pushing the market size to US$ 11.84 Billion by 2032.

The microwave market is experiencing a surge in demand driven by an increased desire for fresh and ready-to-eat foods, alongside the growing popularity of smart kitchen appliances. The rise in adoption of modern kitchen equipment is fueling market expansion.

Moreover, heightened investment in smart kitchen appliances is driving innovation among key players, who are concentrating on launching new products and incorporating advanced technologies into cooking devices to propel growth in the microwave market.

New market opportunities are likely to arise from the growing popularity of connected household appliances, such as the inverter-based microwave. The ongoing trend of smart household appliances will create opportunities for growth for microwave manufacturers over the forecast period.

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Key Takeaways:

  • Based on structure, sales of countertop microwaves will increase at a 3.3% CAGR over the forecast period.
  • In terms of applications, demand for microwaves in the commercial sector will grow at a 4.1% CAGR through 2032.
  • By sales channel, the online segment will hold a dominant share in the market over the assessment period.
  • Sales of microwaves in the U.S. will rise at a 1.1% CAGR over the forecast period.
  • China will emerge as a lucrative pocket, with sales growing at a 10.2% CAGR through 2032.
  • Demand for microwaves in India will increase at a 8% CAGR over the forecast period.

Competition Landscape

Aggressive promotional techniques, marketing, and new product launches are some of the key strategies being adopted by the leading microwave manufacturers.

Some of the key players in the global microwave market include

  • Galanz Enterprise group.
  • Whirlpool Corporation
  • Hoover Limited
  • LG Electronics
  • AB Electrolux.
  • Sharp Corporation
  • Illionis Tool works INC
  • Alto-Shaam INC
  • Panasonic Corporation
  • Haier group corporation
  • Robert Bosch

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Global Microwave Market by Category

By Product Type:

  • Convection
  • Grill
  • Solo

By Application:

  • Household
  • Commercial

By Structure:

  • Built-In
  • Countertop

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Wholesalers/Distributors
  • Specialty Stores
  • Multibrand Stores
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceani
  • MEA

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
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Pre-Shave Care Market Set to Surge: Sales to Increase at a 5.3% Compound Annual Growth Rate by 2032, Transforming the Global Grooming Landscape

Pre-Shave Care Market
Pre-Shave Care Market

In 2022, the global pre-shave care market is estimated to reach US$ 7.9 Billion. Sales of pre-shave care products will increase at a 5.3% CAGR, pushing the market size to US$ 13.4 Billion by 2032. The share of the pre-shave care market is approximately 45-48% in the global shaving care market.

Rising spending on personal care products in emerging markets will drive market expansion. Additionally, the proliferation of salons and barbershops will further stimulate growth in the global pre-shave care market.

Major manufacturers have capitalized on the advancement of modern distribution networks, facilitating global outreach. Consumers are gravitating towards online platforms, drawn by a diverse selection of pre-shave care products coupled with enticing promotions and discounts.

Further, clients are increasingly likely to purchase having aromatherapy, facials, and pedicures. However, with rapid urbanisation and the move towards individualism in a society beginning to increase, sales of pre-shave care products for males is expected to skyrocket.

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In addition, the market is expanding as a result of the rising popularity of websites that offer products for men’s health and fitness as well as the expansion of publications devoted to men’s grooming and lifestyle.

Key Takeaways:

  • Based on product type, sales of pre-shave foam are projected to grow at a 5.6% CAGR over forecast period.
  • By nature, demand in the natural segment will increase at a 7.9% CAGR over the forecast period.
  • In terms of price range, the mid-range segment will account for 55.6% of the total market share in 2022.
  • Based on sales channel, sales in the online segment will grow at a 8.3% CAGR through 2032.
  • The U.S. pre-shave care market accounted for 87.9% of the North America market share in 2021.
  • Germany held over 25.7% of the Europe pre-shave care market in 2021, and the trend is expected to continue over the forecast period.
  • In 2021, India accounted for 37.7% of the South Asia pre-shave care in 2021, emerging as a lucrative pocket in the region.

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Competition Landscape

Leading manufacturers of pre-shave care products are focusing on aggressive promotional strategies, advertisements, and new product launches to improve sales in the market.

Major players present in the pre-shave care market are

  • Claus Porto
  • L’Oreal SA
  • Kiehl
  • Johnson & Johnson
  • Bold For Men
  • Energizer Holdings, Inc.
  • Malhotra Shaving Products Ltd
  • Acqua DI Parma
  • Beiersdorf AG
  • Edgewell Personal Care Company
  • Godrej Group
  • Siemens Healthcare

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Global Pre-Shave Care Market by Category

By Product Type:

  • Pre-Shave Foam
  • Pre-Shave Cream
  • Pre-Shave Gel
  • Pre-Shave Soap
  • Other Pre-Shave Products

By Nature Type:

  • Natural/Organic
  • Conventional

By Consumer Orientation:

  • Men
  • Women

By Price Range:

  • Low
  • Medium
  • Premium

By Sales Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Salon/Grooming Clubs
  • Drug Stores & Pharmacies
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Alaskan Cruises Market Forecasting US$ 2.51 Billion Revenue and 3% CAGR by 2032 | FMI

Alaskan Cruises Market
Alaskan Cruises Market

The  Alaskan cruise market is poised to reach a valuation of US$ 1.87 Billion in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 2.51 Billion by 2032

Various attractive tour packages are offered by a number of cruising lines. Travellers who were locked at their homes were eagerly waiting for an opportunity. Cruising lines providing new offers and packages has gained the interest of these travellers. The cruising lines are also set to make the most out of the opportunity by launching new luxury cruises and exciting activities to add on to the consumer’s cruising experience. Consumers are increasingly interested in unique experiences like Fishing, Wildlife, Northern Lights, Denali, Hiking, Camping, Glaciers, and many more of such activities.

The U.S Government is also taking special effort to get the tourism and cruising in the Alaskan region back on track. U.S. Government introduced bicameral legislation to provide a one year extension of the Alaska Tourism Restoration Act (ATRA). This act was signed into the law in May 2021. This new act ensures that if Canada restricts its borders for foreign passengers, the Alaska delegation is ready and able to again temporarily authorize foreign-flagged passenger vessels to bypass Canada.

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Besides this, in order to expand the range of business and also to contribute to the prevention of environmental changes, the top players in the Alaskan cruising market are developing new ships that will be ecofriendly. These new ships will not emit greenhouse gases and thus help in saving preventing the pause in obstacles in cruising due to recurring natural disasters. This will also gain the attention of travelers that care about environment and increase the number of people opting for cruise travel.

Key Takeaways:

  • Based on cruise destination, Juneau is predicted to account for a dominant share of Travellers in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly 58%.
  • In terms of age group, demand in the senior citizens will continue gaining traction through 2032.
  • Based on packages, Alaskan cruise travelers will continue to opt packaged deals over the normal travel deals.
  • Alaska will have travelers throughout the year but cruising season will have rush in the span from May to September.
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Who is winning?

Leading players in the Cruising market are focusing on smart promotional strategies, advertisements, and new packaged deals to improve sales in the market.

Major players present in the Alaskan Cruise Market

  • Holland America Line
  • Carnival Alaskan Cruises
  • Celebrity Alaskan Cruises
  • Norwegian Cruise Line
  • Carnival Cruise Line
  • G Expedition
  • Discerning traveler
  • Trafalgar
  • Quark Expedition
  • Aurora Expedition
  • Cruiser Adio

Alaskan Cruise Market by Category

By Cruise Destinations Type:

  • Juneau
  • Ketchikan
  • Skagway
  • Seward
  • Sitka

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Capacitive Sensor Market Surges with Projected US$ 54.5 Billion Valuation by 2032, Driven by 6.2% CAGR Growth

The global capacitive sensor market is currently valued at US$ 29.8 billion. Over the projection period 2022 to 2032, global capacitive sensor sales will thrive at a 6.2% CAGR. By 2032, the total market valuation will cross the US$ 54.5 billion mark.

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Consumer electronics will continue to dominate the global market during the assessment period. This is due to the rising adoption of capacitive sensors in consumer electronic products. The target segment is forecast to expand at a CAGR of 5.9% from 2022 to 2032.

Rising applications of capacitive sensors across diverse industries will drive the global market. In recent years, the consumer electronics industry has been at the forefront of implementing capacitive sensor technology.

Capacitive sensors are being incorporated into numerous consumer electronic devices. This includes multi-media players, multi-touch screens, mobiles, tablets, & gaming consoles.

The increasing need for capacitive sensors in these consumer electronics goods will boost the global market. Besides this, the growing popularity of touch-screen gadgets will propel demand for capacitive touch sensors.

The rising usage of capacitive sensors in automobiles will fuel sales in the market through 2032. Capacitive sensors are being incorporated into modern cars to perform various functions.

Key Takeaways from the Capacitive Sensor Market Report

  • Global capacitive sensor sales will likely surge at 6.2% CAGR through 2032.
  • By type, touch sensor demand is forecast to rise at 6.1% CAGR over the next ten years.
  • Based on industry, the consumer electronics segment will thrive at 5.9% CAGR through 2032.
  • The USA capacitive sensor market will reach a valuation of US$ 16.7 billion by 2032.
  • Demand for capacitive sensors in China is forecast to increase at 7.2% CAGR through 2032.
  • Japan’s capacitive sensor market is set to cross the US$ 3.9 billion mark by 2032.
  • Sales of capacitive sensors across Korea will rise 6.6% CAGR during the projection period.

Leading Companies

  • Honeywell International Inc.
  • NXP Semiconductors
  • Panasonic Corporation
  • Siemens
  • STM Microelectronics
  • Emerson Electric Co.
  • Microchip Technology Inc.
  • Robert Bosch GmbH
  • TE Connectivity
  • DENSO Corporation
  • Omron Corporation
  • Amphenol Advanced Sensors
  • Infineon Technologies AG
  • Analog Devices Inc.
  • Synaptics Incorporated
  • Schneider Electric

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Capacitive Sensor Market Segmentation:

By Type

  • Touch Sensor
  • Motion Sensor
  • Position Sensor

By Industry:

  • Healthcare
  • Aerospace and Defense
  • Automotive
  • Consumer Electronics
  • Food and Beverages
  • Oil and Gas
  • Manufacturing

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About the Author

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us        

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
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Display Drivers Market Soars: Projected Growth to US$ 16.0 Billion with a Robust CAGR of 6.8% by 2032

The global display drivers market is anticipated to be US$ 16.0 billion by 2032. Over the evaluation period, a CAGR of 6.8% is projected to be seen. In 2022, it was valued at about US$ 8.3 billion.

A display driver is mainly a general-purpose programmable logic interface, microprocessor, microcontroller, or application-specific integrated circuit. It fulfills an interface purpose.

They are primarily used in peripheral displays such as those in monitors, TVs, smartwatches, tablets, laptops, and smartphones as well as those in automobile displays. The market will be driven by increasing supply of flexible displays and organic light-emitting diodes for mobile and tablet devices.

Sales of display drivers would increase by 2032 if smart wearables and augmented reality/virtual reality gadgets were quickly adopted. The sector is further driven by innovations directed toward numerous end-use verticals.

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For instance, in February 2021, Solomon Systech Ltd. unveiled the SSD7317. It is a touch and display driver integration (TDDI) integrated circuit. It was created especially for use in products for the smart home.

Quality of the user experience for products can now be improved by innovation. For use in Passive Matrix OLED panels, the SSD7317 is a single chip that combines touchscreen and display microelectronics. They are extensively utilized in smart homes, medical, and wearable technology applications.

A new software security upgrade for the Nvidia GPU display driver was announced in a security advisory that Nvidia also delivered in May 2022. The update addresses security flaws in earlier driver versions that could lead to data alteration, data leaks, or denial of service.

Key Takeaways from Display Drivers Market Report:

  • The global display driver market witnessed a CAGR of around 4.7% in the historical period from 2017 to 2021.
  • Asia Pacific display driver market is projected to surpass US$ 7.9 billion in 2032.
  • The USA display driver market is expected to be worth US$ 2.3 billion by 2032.
  • China display driver market is likely to create an absolute dollar opportunity of US$ 2.3 billion in the forecast period.
  • Based on device, the smartphone segment is anticipated to elevate at a CAGR of 6.2% from 2022 to 2032.

Competitive Landscape: Display Drivers Market

The market’s top companies are nowadays making significant investments in the creation of new varieties of display drivers. A few market participants are working together with regional businesses to do research. They seek to find innovative technologies that will enhance their product lines and display quality.

For instance,

  • In January 2019, a display driver IC was released by Samsung Electronics. The effectiveness and performance of 8K Televisions will be greatly enhanced and improved. It offers intra-panel transmission speeds of up to 4GBPS and is known as 36CT93P DDI.

Leading Key Players:

  • Mediatek
  • Fitipower Integrated Technology
  • Rohm Semiconductor
  • Novatek Microelectronics
  • Synaptics
  • Himax Technologies
  • LG
  • Sitronix Technology
  • Raydium Semiconductor
  • Magnachip Semiconductor
  • Focaltech
  • Samsung Electronics

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Get More Exclusive Insights into Display Drivers Market Study

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the display drivers market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the display drivers market in terms of (display driver IC, touch & display driver integration), devices (smartphones, tablets, smart wearables, TV, automotive display), package type (chip-on-glass, chip-on-film), display technology (liquid-crystal display, organic light emitting diode), and region.

Display Driver Market Segmentation:

By Driver Type:

  • Display Driver IC
  • Touch and Display Driver Integration

By Device:

  • Smartphones
  • Tablets
  • Smart Wearables
  • TV
  • Automotive Display

By Package Type:

  • Chip-On-Glass
  • Chip-On-Film

By Display Technology:

  • Liquid-Crystal Display (LCD)
  • Organic Light-Emitting Diode (OLED)
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Depth Sensing Market Forecasted to Achieve Remarkable Growth, Targeting US$ 16.1 Billion by 2032

The global depth sensing market size reached US$ 10.3 billion in 2022. Over the next ten years (2022 and 2032), global depth sensing demand is forecast to surge at 4.5% CAGR. Accordingly, by the end of 2032, the global market valuation will reach US$ 16.1 billion.

The camera/lens module segment currently dominates the global depth-sensing industry. Between 2022 and 2032, the target segment is likely to expand at 4.4% CAGR.

Rising demand for smartphones and developments in augmented reality (AR) and virtual reality (VR) will drive the market. Subsequently, growing usage of depth sensing in automotive and defense sectors will boost sales.

Depth sensing is being used in a wide variety of applications. The most prominent application is in the development of AR/VR technology and in-camera modules of smartphones. It is also being used for people counting and navigation systems for unmanned robotic vehicles.

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With smartphone manufacturers developing better facial recognition and gesture control, demand for smartphones will rise significantly. This will boost the global depth sensing industry.

Along with being used in smartphones, depth sensing finds application in autonomous/self-driving cars. It enables the car to perceive the depth of the surroundings along with the speed, position, and distance of the nearby objects.

Depth sensing technology also finds application in defense & military sectors. It is used by the military for surveillance and monitoring enemy activities. Hence, growing adoption across the defense & military industry will elevate depth sensing demand.

Developments in AR and VR have led to an increase in their popularity and implementation within the gaming industry. The growth of the gaming and smartphone industries will create lucrative growth opportunities for depth-sensing companies.

Key Takeaways from the Depth Sensing Market Report:

The global depth sensing industry will thrive at 5% CAGR during the projection period.

By component, camera/lens module segment is likely to expand at 4% CAGR through 2032.

By technology, time of flight segment will rise at 3% CAGR between 2022 and 2032.

The United States depth sensing market is forecast to cross US$ 2.2 billion mark by 2032.

Depth sensing demand in Japan will increase at 8% CAGR over the next decade.

China depth sensing industry is forecast to reach around US$ 4.3 billion by 2032.

Sales in South Korea market are set to surge at 1% CAGR over the next ten years.

Leading Key Players:

Qualcomm, Intel
Sony
Infineon Technologies
Texas Instruments
Creative Technology Ltd.
Stereolabs
Pmdtechnologies AG
Become Bluetechnix GmbH
Espros Photonics Corporation

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Global Depth Sensing Market Segmentation:
By Type:
Active Depth Sensing
Passive Depth Sensing

By Technology:
Stereo Vision
Structured Light
Time of Flight

By Component:
Camera/Lens Module
Sensor
Illuminator

By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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ALD Equipment Market Soars to a Projected US$ 11.6 Billion by 2034 Fueled by Expanding Semiconductor and Electronics Uses

The global ALD equipment market value is expected to rise from US$ 4.9 billion in 2024 to US$ 11.6 billion by 2034. This demand for ALD equipment is expected to be driven by a promising CAGR of 8.9% from 2024 to 2034.

Demand for ALD equipment in high-density and high-performance electronic products like laptops and smartphones is enhancing market growth. Additionally, increasing demand for semiconductor ICs is pushing the manufacturing capacities of semiconductor devices.

ALD-associated research activities that universities and research centers are leading aim to stimulate innovation and new ALD applications. Moreover, rising demand for organic electroluminescent (EL) devices and electric vehicles is expected to push sales of ALD equipment.

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Key Takeaways from the ALD Equipment Market Report:

  • The ALD equipment market in the United States is expected to be valued at US$ 2.1 billion by 2034. Through the forecast period, the market is set to expand at a CAGR of 9%.
  • The China ALD equipment market is anticipated to expand at a CAGR of 9.9% to reach US$ 1.8 billion by 2034.
  • South Korea and Japan are expected to exhibit robust growth, expanding at CAGRs of 10.5% and 10.2%, respectively, through 2034.
  • In Europe, the United Kingdom ALD equipment market is set to record a CAGR of 9.7% through 2034.
  • Based on type, the metal ALD segment is anticipated to expand at a CAGR of 8.5% through 2034.
  • Research and development facilities are projected to register a CAGR of 8.1% through 2034.

Competitive Strategies Adopted by ALD Equipment Manufacturers:

Key players in the ALD equipment market are adopting inorganic and organic strategies to expand their market reach. Inorganic market strategies include acquisitions, geographical expansion, mergers, collaborations, and partnerships. To organically gain a larger market share, key players are working on obtaining various certifications to gain customers’ trust. Additionally, players are focusing on their after-sales service to retain customers.

Market players invest in research and development activities to advance ALD solutions. Moreover, they are working on enhancing applications of ALD equipment.

Leading Key Players:

  • ASM International
  • Entegris
  • Aixtron
  • CVD Equipment Corporation
  • Forge Nano Inc.
  • Beneq Group
  • Oxford Instruments plc
  • Arradiance LLC
  • Veeco Instruments
  • Lam Research Corporation
  • Others

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Key Developments in the ALD Equipment Market:

  • In February 2022, Veeco Instruments Inc. revealed that a mask blank distributor to the semiconductor industry had ordered Veeco’s IBD-LDD Ion Beam Deposition (IBD) System. This is in response to the increasing demand for extreme ultraviolet (EUV) mask blanks for semiconductor devices related to advanced memory and logic applications. This technology is used to produce large volumes of low-fault EUV mask blanks.
  • In March 2022, VD Equipment Corporation, a global leader in chemical vapor deposition systems, disclosed that they had received a contractual order from the Georgia Institute of Technology. The contract is intended for the CVD/ALD (Atomic Layer Deposition) system. The system is being used to manufacture high-performance battery materials for electric vehicles.

ALD Equipment Market Segmentation:

By Product:

  • Metal ALD
  • Aluminum Oxide ALD
  • Plasma Enhanced ALD
  • Catalytic ALD
  • Others

By Application:

  • Research and Development Facilities
  • Semiconductor and Electronics
  • Solar Devices
  • Medical Equipment
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube