Smoking Accessories Market Set to Reach a Consistent Valuation of US$ 103,334.3 Million by 2033

Smoking Accessories Market
Smoking Accessories Market

Beginning from a base value of US$ 68,313.4 million in 2023, the smoking accessories market is on the brink of steady expansion, with a projected CAGR of 4.2% over the forecasted period. By 2033, the market is expected to reach a consistent valuation of US$ 103,334.3 million.

The market is poised for growth due to the increasing trend of introducing innovative products to attract a larger customer base, along with the rising global popularity of vaping. Leading manufacturers worldwide are introducing a diverse range of items including pipes, lighters, ashtrays, cigarette cases, and vaporizers to cater to consumer preferences. Vaporizers and smoking water pipes, in particular, enhance the smoking experience, generating more smoke compared to other smoking accessories, thus driving market expansion.

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The creation of a range of tobacco flavors and their expanding popularity among customers of all ages when partying or chilling are driving the market growth and profitability for smoking accessory manufacturers. Demand for flavors like sweet, fruity, chocolatey, and spicy is increasing considerably. Younger people like sweet tastes, which boosts the attractiveness of water pipe smoking. The easy availability of water pipe products through both online and offline sales channels has also contributed to the smoking accessories market growth.

Online shopping platforms primarily influence the smoking accessories market. Many manufacturers of smoking accessories already have their own online shops where customers can obtain information about new product launches, features, demos, prices, and other necessary product details. Given the prevalence of numerous product alternatives and price comparison tools on online shopping websites, more customers are engaging in online shopping. Due to the lack of investment in physical shops, this is advantageous for merchants.

The market is expanding due to the rising smoking culture among young people and the rising number of smoking bars and cafés in various towns and cities. The growing accessibility of flavored water pipes has boosted the demand for smoking accessories. The erroneous belief that tobacco through a waterpipe is healthier than smoking cigarettes has also raised demand for smoking accessories.

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Even though the United States and Canada remain powerhouses in the smoking accessories market, the United Kingdom and China are at the forefront of technological innovation in smoking accessories. The demand for smart and customizable devices is likely to present significant opportunities through 2033.

Key Takeaways from the Smoking Accessories Market

  • In 2022, the global smoking accessories market size stood at US$ 66,814.5 million.
  • Canada’s smoking accessories industry is estimated to lead with a projected 8.2% CAGR from 2023 to 2033. This is driven by the growing acceptance and legalization of recreational cannabis use across various provinces.
  • The United States smoking accessories industry is projected to follow closely with an estimated 6.9% CAGR through 2033. This can be attributed to the evolving consumer preferences towards more sophisticated and specialized smoking accessories.
  • The United Kingdom’s smoking accessories industry is likely to show a 6.3% CAGR between 2023 and 2033. This growth is influenced by a burgeoning market for innovative and stylish smoking accessories.
  • China’s smoking accessories industry is projected to develop at a 4.8% CAGR through 2033. This development is propelled by increasing urbanization and the relaxation of specific regulations surrounding tobacco and smoking-related products.
  • In the global smoking accessories industry, Germany’s forecasted CAGR is 3.9% between 2023 and 2033. This is driven by evolving consumer preferences and a growing acceptance of alternative smoking products.
  • India’s smoking accessories industry will likely exhibit a 3.8% CAGR from 2023 to 2033. The industry is affected by a younger population increasingly open to experimenting with different smoking products and accessories.

“The thriving Smoking Accessories market. Our comprehensive analysis delves into the evolving consumer preferences and the innovative product offerings shaping this industry. Focusing on market trends, key players, and emerging opportunities, our research offers valuable insights for industry stakeholders and investors seeking to harness the growth potential in this dynamic sector.” Says Sneha Verghese, Senior Consumer Goods and Products Consultant at Future Market Insights (FMI).

Recent Developments in the Smoking Accessories Market

  • In November 2022, Imperial Brands, a key player in the tobacco industry, introduced the Blu brand of disposable vapes. The line consists of several small, pocket-sized vapes that can each provide up to 600 puffs and contain 20mg of nicotine in 2 ml of liquid.
  • In November 2021, Session Goods, a lifestyle company in San Francisco that designs contemporary cannabis products, introduced its unique, limited-edition Designer Series. The company has produced a special limited edition run of all-black and all-white bongs, pipes, and cleaning caps from its award-winning smoking accessory range.

Key Companies Profiled in the Smoking Accessories Market Report

  • Bull Brand
  • BBK Tobacco & Foods, LLP
  • Chongz
  • British American Tobacco PLC
  • Curved Papers, Inc.
  • Univac Furncrafts Pvt. Ltd.
  • Imperial Brands
  • Republic Technologies International
  • Jinlin (HK) Smoking Accessories Co., Ltd.
  • Moondust Paper Pvt. Ltd.

Key Players and Strategies for Success in the Smoking Accessories Market

The following are specific essential strategies for achieving success in the smoking accessories market:

  • Offer a variety of smoking accessories to suit different tastes and requirements.
  • Ensuring the safety and legality of products by closely adhering to industry norms and regulations.
  • Invest in research into cutting-edge materials and technologies to improve the performance and longevity of products.
  • Find significant online marketplaces and stores that the target market uses and collaborate with them.
  • Form strategic alliances with complementary businesses to expand reach.

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Smoking Accessories Market Segmentation:

By Type:

  • Smoking Waterpipes
  • Smoking Vaporizers
  • Rolling Paper & Cigarette Tubes
  • Lighters
  • Smoking Filter & Paper Tips
  • Other Smoking Accessories Types

By Distribution Channel:

  • Online Sale of Smoking Accessories
  • Offline Sale of Smoking Accessories

By Region:

  • North America Smoking Accessories Market
  • Latin America Smoking Accessories Market
  • Europe Smoking Accessories Market
  • Asia Pacific Smoking Accessories Market
  • Middle East & Africa Smoking Accessories Market

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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Bird Toys Market: With Demand Growing at a 5% CAGR by 2032, Capturing the Avian Entertainment Sector

Bird Toys Market
Bird Toys Market

In 2022, the global bird toy market size is estimated at US$ 386 million. Over the forecast period, demand is expected to grow at a 5% CAGR, with the market valuation projected to reach US$ 631 million by 2032. Bird toy sales constitute 12-14% of the total global pet toy market.

The market is being propelled by the demand for eco-friendly toys and the growing inclination of pet owners to invest in bird toys. However, the global pet toys and training market faces limitations due to a lack of awareness among buyers regarding the usage of different products for training purposes.

Over the projected period, the increasing number of manufacturers producing natural and eco-friendly toys is anticipated to unlock growth opportunities in the market.

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Additionally, pet owners’ humanization of birds and treating them as family members has a favorable impact on the pet toys. The global pet toys and training market, on the other hand, is constrained by a lack of understanding among purchasers about how to use specific items for training purposes.

However, throughout the forecasted period, the growing popularity of natural and eco-friendly pet toys is predicted to create opportunities for the global pet toys and training market.

Key Takeaways from the Bird Toy Market Study:

  • Online segments contributed to the lion’s share in the bird’s toy market.
  • North America is expected to be the dominating bird toy market due to the increasing population of pet owners and trends in pet adoption.
  • Europe and South Asia are the fastest growing bird toy market on the back of an increase in pet adoption and a growing trend of pet humanization.
  • In terms of product type, the foraging toys segment is expected to witness fastest growth over the forecast period (2022-2032).

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Who is winning?

Leading manufacturers of bird toy products are focused on aggressive promotional strategies, advertisement offers, and new product launches that have driven sales growth of shaving care globally.

Major players present in the Birds Toys products market are

  • Superbirdtoystore
  • Petsmart
  • Petathome
  • Petvalu
  • Makeyourownpettoys
  • Petland
  • Petmate
  • Bradley Caldwell
  • A&E cage company
  • My safe bird store
  • Playful parrot

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Bird Toys Market by Category

Product Type:

  • Foot Toys
  • Swings & Bungees
  • Snugglies
  • Perches & Perch Toys
  • Foraging Toys
  • Chewing toys
  • Noisemakers
  • Climbing toys
  • Play gyms

Price Range:

  • Low
  • Medium
  • Premium

Sales Channel:

  • Supermarkets/Hypermarkets
  • Pets Specialty Stores
  • Multi-Brand Stores
  • Pet care centers
  • Online Retailers
  • Other Sales Channel

Region:

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

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global Birds Toys market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the shaving care market based on product types (foot toys, swings & bungees, snugglies, perches & perch toy, foraging toys, chewing toys, noisemakers, climbing toys, play gyms) by price range (low, medium, and premium), by sales channel (hypermarkets/supermarket, pets specialty stores, pets care center, online retailers, and other sales channel), and across seven key regions.

Bird Toys Market by Category

Product Type:

  • Foot Toys
  • Swings & Bungees
  • Snugglies
  • Perches & Perch Toys
  • Foraging Toys
  • Chewing toys
  • Noisemakers
  • Climbing toys
  • Play gyms

Price Range:

  • Low
  • Medium
  • Premium

Sales Channel:

  • Supermarkets/Hypermarkets
  • Pets Specialty Stores
  • Multi-Brand Stores
  • Pet care centers
  • Online Retailers
  • Other Sales Channel

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,
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T: +1-845-579-5705
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Fabric Freshener Market: Exhibiting a CAGR of 6% by 2032, Driven by Surging Demand for Household and Industrial Applications

Fabric Freshener Market
Fabric Freshener Market

In the forecast period from 2022 to 2032, the global fabric freshener market size is expected to reach a valuation of US$ 3.4 billion, with a projected CAGR of 6%. Growth is expected to be aided by the surging development of new products driven by the increasing application of fabric fresheners in both household and industrial sectors.

The shift towards organic and traditional products over artificial and chemically manufactured ones is expected to impede the sales of fabric fresheners. Traditional alternatives like incense and candles are not only more cost-effective than even low-grade fabric fresheners but also preferred by many consumers. Moreover, homemade remedies for combating bad odors are gaining significant popularity, particularly in emerging economies.

The global textile industry is regarded as one of the largest in the world. The industry was valued US$3 trillion in 2017. This also covers the production and upkeep of synthetic and natural fibres, which are utilised in numerous industries.

The world’s textile market is divided into fiber, yarn, fabric and clothes. China makes a big part of the textile products market. The clothing business is used in many ways by family homes and factories.

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Fabric-oriented products such as rugs, carpets, and curtain kinds of woolen cloths are found in a majority of households as well as in the commercial sector. However, over the course of time, these fabric-oriented products get musty or smelly, which requires maintenance at regular intervals.

For maintaining these fabric products, fabric fresheners have been gaining traction in the global market. Fabric fresheners are being designed to eliminate any odour originating from sticky couches, musty carpets, and unwashed curtains.

With the continuous evolution of fabric freshener products, companies have been strategizing on adding additional features to their existing products. Some of the newly featured fabric fresheners not only eliminate the odours on fabric but also act as a pest control against various insects on these materials.

Fabric Freshener Market: Key Players

Some of the key players operating in the global fabric freshener market are

  • Procter & Gamble
  • Henkel Corporation
  • JAY Manufacturing
  • Reckitt Benckiser
  • Clean Control Corporation
  • Deb Group Ltd
  • Grow Fragrance Inc.
  • The London Oil Refining Co Ltd

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Fabric Freshener Market: Key Trends

Manufacturers of fabric freshener products have been strategizing on promoting their products and services in order to increase their customer base in the global market. Along with key promotional activities, some of the fabric freshener companies have been executing key acquisitions in order to gain a larger customer base.

Fabric Freshener Market: Key Developments

  • In 2017, Procter & Gamble Co. initiated a nationwide campaign on its fabric freshener brand, i.e. Febreeze, for the North American and European markets.
  • In 2016, Henkel Corporation acquired major shares of The Sun Products Corporation, which specializes in the production of various fabric freshener products for the household sector.

Opportunities for Fabric Freshener Market Participants

Over the past couple of years, industrialization has been surging at a significant rate in various parts of the world, especially in the Asia Pacific region. With the rise in the commercial sector, it becomes necessary for owner to maintain their office with proper hygienic and also make them environmentally-friendly.

Due to this, these commercial sectors have been looking ways and even buying several hygienic products to maintain their offices. This important factor paves a critical opportunity for the fabric freshener market to gain traction over the forecast period.

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

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Key Segmentations

On the basis of product type

  • Regular
  • Perfumed

On the basis of end use

  • Households
  • Commercial
  • Offices and Industrial Sector
  • Hospitality Industry
  • Public Facilities
  • Others

On the basis of the distribution channel

  • Direct
  • Indirect
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Independent Stores
  • Online Store
  • 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,
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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Global Automated CPR Devices Market Projected to Reach $344.44 Million by 2033

Automated CPR Devices Market
Automated CPR Devices Market

The global automated CPR devices market is poised for a significant surge, with a projected valuation of US$344.44 million by 2033. This substantial growth represents a major leap from the anticipated US$110.9 million valuation in 2023. Analysts predict a robust Compound Annual Growth Rate (CAGR) of 12% throughout the forecast period, signifying a thriving market for these life-saving devices.

Automated CPR devices are designed to ensure consistent and effective CPR during emergencies, even when bystanders have limited medical training. Their increasing adoption has the potential to significantly improve survival rates following cardiac arrest. As awareness of these devices grows and their efficacy is further proven, the market for automated CPR devices is expected to witness continued expansion.

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As awareness of these devices grows and their efficacy is further established, the market for automated CPR devices is expected to witness continued expansion. This growth will likely be driven by:

  • Increasing prevalence of cardiovascular diseases:With a rising global population and aging demographics, the number of people susceptible to cardiac arrest is expected to grow. Automated CPR devices can provide immediate and effective intervention in such emergencies.
  • Focus on improving public health outcomes:Governments and healthcare organizations are placing greater emphasis on improving public health preparedness, including bystander CPR training. Automated CPR devices can complement these efforts by providing additional support in emergency situations.
  • Technological advancements:Advancements in automation, miniaturization, and data analysis are expected to further enhance the capabilities and user-friendliness of automated CPR devices, making them even more valuable tools for emergency resuscitation.

Key Takeaways:

In the historical period, the market captured a valuation of US$ 99.02 million in 2022.

The United States is estimated to dominate the global market by capturing a huge global market share by 2033.

Based on end-user, ambulances are leading the global market by securing a maximum share during the forecast period.

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Competitive Landscape:

The automated CPR market is highly consolidated owing to the presence of regional and global market players. Key market players worldwide are employing inorganic market strategies to expand their global foothold.

Inorganic strategies include strategic mergers and acquisitions and allying with regional distributors to strengthen their supply chain channels. They are also emphasizing faster product approvals, product development, and patenting. New market entrants focus on new product launches to establish their market presence.

Other Key Players in the Global Market are:

  • SunLife Science Inc.
  • ZOLL Medical Corporation
  • Michigan Instruments
  • Physio Control Inc.
  • Brunswick Biomedical Technologies
  • Zhuhai Kindway Medical Science & Technology Co. Ltd
  • CPR Medical Devices Inc.
  • Medtronic Inc.

Recent Developments in the Global Market:

  • Michigan Instruments launched a hand-free automatic CPR device that is lightweight, portable, and helps smooth the transition from manual CPR to automated compressions.
  • ZOLL Medical Corporation introduced a new automated CPR devices system, ‘Autopulse,’ which assists EMS personnel in providing high-quality chest compressions in cramped spaces and steep down stairwells.
  • A new automated CPR device has been launched by Cintas, which assists healthcare professionals by providing real-time CPR feedback and monitoring, enhancing the survival rate of patients.

Automated CPR Devices Market by Category:

By Power Source:

  • Pneumatically Driven CPR Devices
  • Battery-driven CPR Devices
  • Mechanically Actuated And Battery-driven CPR Device

By Device Type:

  • Piston Devices
  • Load Distribution Devices
  • 3D Compression Devices

By End User:

  • EMS
  • Hospitals
  • Ambulances
  • Coronary & Intensive Care Units
  • Cardiac Catheterization Labs
  • Air Med-Evac Units
  • EMT Rescue Units
  • Others

By Region:

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

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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
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Air Traffic Management Market Poised for Robust Growth, Valued at USD 10,889.2 Million by 2023

The air traffic management market is projected to develop at a 4.9% CAGR and reach US$ 10,889.2 million by 2023. It is projected that the market will reach US$17,624.5 million by 2033.

It is anticipated that as modernization picks up speed and the number of aircraft rises, so too will the use of ATC systems. Furthermore, more individuals will likely require air traffic control throughout the projected time due to an increase in the number of vehicles on the road.

Due to a rise in passengers and international tourism, there has been a significant growth in demand for air traffic management systems. The military and defence industries are seeing a growth in the air traffic management market share as a means of monitoring and regulating air traffic problems surrounding defence jets.

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The industry that offers services and technologies to manage air traffic to ensure the safe and effective operation of airplanes in the airspace is referred to as the “air traffic management market.” Aircraft must be able to navigate through congested airspace and land at airports safely and efficiently, which requires the employment of sophisticated operational procedures and cutting-edge communication, navigation, and surveillance systems.

The rising demand for air travel, which is anticipated to continue growing in the upcoming years, especially in emerging nations, is what drives the air traffic management industry. The industry is additionally benefited from the global air traffic control system modernization that is currently underway, with several nations investing in new technologies and infrastructure to enhance safety, efficiency,

Players in the air traffic management industry compete on grounds like pricing, performance, dependability, and innovation. The market is also subject to a variety of legal restrictions and guidelines, which may have an impact on how quickly new systems and technologies are adopted and implemented.

Recent Developments in the Air Traffic Management

  • Recently, the new 5G air-to-ground is designed to manage air traffic seamlessly at airports. It is a wireless network that provides real-time analytics, boosting aircraft command and transferring data rapidly. Nokia Telecommunication also uses the same technology network at Brussels airport.
  • FAA is adopting TBO (Trajectory Based Operations) which is more flexible, throughput, efficient and predictable. The technology controls air traffic management and helps aircraft movement.

Other Key Participants in the Air Traffic Management Market

  • Presagis
  • M3 Systems
  • Saab
  • Croatia Control
  • Avitech Gmbh

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Global Air Traffic Management Market: Drivers and Restraint

The global market demand for the air traffic management market is primarily driven by the factors such as the increasing focus of the airports on the modernization of Air Traffic Management (ATM) infrastructure which was initially used. In addition to this other factors such as the constant increase in the number of airports in emerging economies in developing regions such as India, China, and others are also fueling the global demand for air traffic management in the coming future.

Due to increasing competition in airport traveling services, the need for efficient airspace management is also increasing day by day and these factors are anticipated to drive the growth of the air traffic management market over the forecast period.

Along with this the air traffic management systems are also actively contributing to maintaining the balance between the changing weather and airport activities. On the other hand, higher deployment costs and lack of awareness are the major restraining factors for the growth of the global air traffic management demand in the forecast years.

Key Segments

By Component:

  • Software Platform
  • Support Services

By Application:

  • Communication & Navigation Management
  • Aerodrome Operations Management
  • Surveillance

By Region:

  • North America
  • Latin America
  • Europe
  • META
  • Asia Pacific

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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 a consumer electronics will likely remain the leading end-use sector cross 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:      

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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Telemetry Market Soars to US$ 135.35 Billion in 2023, Projected to Reach US$ 392.45 Billion by 2033 at 11.2% CAGR

In 2023, the global telemetry market was estimated to be worth US$ 135,354.5 million. Over the course of the projection period, it is anticipated to expand at an extraordinary Compound Annual Growth Rate (CAGR) of 11.2%, reaching an amazing US$ 392,452.1 million by 2033.

The sudden increase is a result of market expansion and demand returning to pre-pandemic levels with opportunities for profit. Because of the unprecedented and massive worldwide effect of COVID-19, demand has remained low everywhere despite the outbreak.

Telemetry is the wireless transfer and automatic data measurement from remote endpoints. In short, sensors at the source measure electrical or physical data, such voltage or current, or physical data, like pressure or temperature.

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The conversion of measurements to specific electrical voltages. A multiplexer combines these voltages with timing information to create a single data stream that is sent to a distant receiver. After being supplied, the data stream is divided into its basic components, and the data is displayed and handled in accordance with the user’s requirements. The rising need for telemetry is due to such advantageous elements.

The expansion of the network telemetry market has also been aided by the increasing strain on networking infrastructure brought on by work-from-home rules in response to the COVID-19 epidemic. For instance, with the implementation of worldwide quarantine measures in March 2020, Cloudflare recorded an increase in stress of over 25% on global fixed and wireless networks.

The rise of network telemetry applications is one significant development that has boosted expectations among rivals in the network telemetry market. To stay relevant and visible in the competition, this is why many businesses are eager to release new products.

As new applications materialize, it is projected that the network telemetry market will experience rising product demand. Businesses have spent money on recruiting personnel that will enable them to create high-quality, demand-specific products. The challenge is meeting demand in advance by manufacturing things earlier than planned.

If businesses reach the goal, they may maintain an advantage over their rivals. Businesses are continually searching for patterns that could help determine future consumer demand.

The need for a global network telemetry market is unnecessary if the use of digital devices is modest. Global network telemetry market items are increasingly likely to be used as the prevalence of digital devices increases. This significant trend has the potential to increase the market for network telemetry sales.

Key Takeaways:

  • In the component sector, the solution from the network telemetry market is anticipated to flourish at the quickest CAGR of 14.6% through 2032.
  • With a CAGR of 15%, service providers are predicted to grow significantly in the end-user sector of the network telemetry market.
  • The market size for the network telemetry market in the United States is expected to reach US$ 525.3 Million by 2032, growing at a CAGR of 15% during the forecast period.
  • United Kingdom is anticipated to reach a market size of US$ 70.9 Million in Network telemetry by 2032, with a CAGR of 14.3% during the forecast period.
  • China’s Network telemetry market is anticipated to be worth US$ 87 Million by 2032, with a CAGR of 14.7% over the forecast period.
  • Japan is expected to have a market size for Network telemetry of US$ 80.6 Million by 2032, with a CAGR of 14.2% during the forecast period.
  • By 2032, South Korea is expected to reach a market size of US$ 52.9 Million in network telemetry, with a CAGR of 13.7% during the forecast period.

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COMPETITIVE LANDSCAPE:

Cisco Systems (US), Juniper Networks (US), Arista Networks (US), Mellanox Technologies (US), Pluribus Networks (US), Barefoot Networks (US), Solarflare Communications (US), and VOLANSYS Technologies are among the companies represented in the network telemetry market.

Cisco is one of the market leaders in the network telemetry market. Cisco’s Approach-Driven Telemetry in network telemetry allows data to stream constantly using a push model, allowing real-time access to operational analytics.

Model-Driven Telemetry may ensure that large amounts of data are genuinely accessible by modeling the data with YANG.

RECENT DEVELOPMENT: 

  • Arista Networks announced the introduction of CloudVision 2019, its management software, in September 2019. It allows for monitoring, automation, and management. Furthermore, it assists enterprises in lowering operating expenses, increasing network agility, and reducing hazards.
  • Juniper Networks teamed with Telefonica, UK, in October 2019 to construct the Fusion Network, a secure and automated cloud-enabled network architecture. According to the agreement, Juniper Networks is Telefonica’s network Internet Protocol (IP) strategic partner.
  • Mellanox Technologies teamed with VMware in August 2019 to deliver its Remote Direct Memory Access (RDMA) networking solutions to VMware for enabling its virtualized Machine Learning (ML) solutions to boost GPU efficiency and usage.
  • Pluribus Networks collaborated with Vapor IO in May 2019 to implement Netvisor ONE OS 5.0 and Adaptive Cloud Fabric at numerous Vapor IO Kinetic Edge locations in Chicago, US. According to the terms of the agreement, Vapor IO is expected to seamlessly connect its many edge data center sites with complete telemetry, sophisticated network services, and deep slicing across multiple data centers regardless of their geographic locations.
  • Tofino 2, the second iteration of Barefoot Networks’ P4-programmable Tofino Ethernet switch of the Application-Specific Integrated Circuit (ASIC) family, was released in December 2018. Tofino 2 is compatible with Barefoot SPRINT and Barefoot Networks’ upgraded version of the industry-standard In-band Network Telemetry (INT), which provides fine-grained and intelligent real-time visibility of network traffic per packet.

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Key segments

By Components:

  •  Service
  • Solutions

By End Use:

  • Verticals
  • Service Providers

By Organizational Size:

  • Small & Medium Sized Enterprise
  • Large Enterprise

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • Middle East & Africa

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 a consumer electronics will likely remain the leading end-use sector cross 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:      

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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Global High Content Screening Market Poised for Sharp Growth, Expected to Surpass US$ 3 Billion by 2033

High Content Screening Market
High Content Screening Market

The global high-content screening market is experiencing significant expansion, with a projected value exceeding US$ 1.6 billion in 2022. This growth is further fueled by a strong Compound Annual Growth Rate (CAGR) of 5.8% in terms of sales volume, indicating a surge in demand for HCS technology.

HCS, also known as cellomics, plays a vital role in biological research and drug discovery. This powerful technique allows scientists to identify promising drug candidates by analyzing the effects of various substances on cells. HCS systems leverage a combination of digital microscopy, flow cytometry, and advanced IT systems for data storage and analysis, providing a comprehensive picture of cellular responses.

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High content screening methods have proven to be highly successful in defining preclinical medications, according to the pharmaceutical industry. This technique is often used in conjunction with many other applications, such as drug development. Over the coming years, there will likely be an increase in the application of HCS in conjunction with chemical genetics to research biological systems.

Key Takeaways

  • The CAGR for the global market over the preceding period was 5.1%.
  • Over the coming decades, the market in India is anticipated to grow at a CAGR of 6.6%.
  • With more than 7.3% of all demand recorded in Europe in 2022, Germany has emerged as a major market.
  • Over the coming decade, the market in China is anticipated to grow at a CAGR of 7.8%.
  • The highest demand for High Content Screenings came from the pharmaceutical and healthcare industries.

The rising prevalence of multiple infectious diseases with a variety of symptoms raises the demand for innovative treatments. As a result, there will be an increase in biotechnology and pharmaceutical study and development efforts to identify new drug candidates. Imaging technologies are becoming increasingly important in drug discovery and analysis.” says an FMI analyst.

Competitive Landscape:

Key players in the HCS market employ strategies such as mergers and acquisitions, product launches, collaborations, and alliances to expand their businesses.

  • Particle Works, a progressive company that creates and markets cutting-edge particle engineering platforms, declared the release of the Automated Library Synthesis (ALiS) System, a new ground-breaking platform, in November 2022. This innovative platform favors automation in the early stages of the creation of drugs as well as high-throughput evaluation of lipid nanoparticle (LNP) formulations and mRNA candidates.
  • The Twist High Throughput Antibody Production platform, developed by California-based Twist Bioscience Corporation, was made public in April 2022. It allows customers to convert candidate genetic sequences into cleansed antibodies for use in a variety of applications related to screening and therapeutic discovery projects.

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Key Companies Profiled: 

  • Thermo Fisher Scientific Inc.
  • Becton Dickinson, and Company
  • GE Healthcare
  • Olympus Corporation
  • PerkinElmer Inc.
  • Sysmex Corporation
  • Merck KGaA
  • Danaher Corporation
  • Yokogawa Electric Corporation
  • BioTek Instruments Inc.

Key Segments Profiled in the High Content Screening Industry Survey:

Product Type:

  • Cell Imaging & Analysis
    • HCS Instruments
      • High-End HCS
      • Mid End HCS
      • Low-End HCS
    • Flow Cytometers
  • Consumables
    • Microplates
    • Reagents & Assay Kits
    • Other Consumables
  • Software
  • Services

Industry:

  • Pharmaceutical & Healthcare
  • Biotechnology
  • Educational Institutions
  • Independent CRO
  • Government Organizations
  • Others

Application:

  • Primary & Secondary Screening
  • Target Identification & Validation
  • Toxicity Studies
  • Compound Profiling
  • Others

Region:

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

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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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Cloud Analytics Market Poised for Robust Growth, Reaching $171 Billion by 2033

In 2022, cloud analytics market was estimated to be worth about US$ 35,100.5 million. The market is anticipated to reach a valuation of about US$ 171,019.6 million by the end of 2033, with a CAGR of 15.6% for the following 10 years. By the end of 2033, the global absolute dollar opportunity growth in the cloud analytics market is anticipated to reach US$ 112 billion.

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US to Dominate Cloud Analytics Market throughout the Analysis Period 

Cloud analytics market in the U.S. is projected to be valued at US$ 51.3 Bn by the end of 2032. Revenue through cloud analytics in the U.S. grew at 22.7% CAGR during 2015-2021 and is expected to achieve a growth rate of 15.2% CAGR over the forecast period.

The dominance of U.S. in cloud analytics market is attributed to their advanced IT infrastructure and rapid innovations in providing cloud-based analytical solutions with the help of Artificial Intelligence and machine learning. They are used for providing solutions to customers in analyzing insights from huge sets of data. The absolute dollar opportunity growth in cloud analytics market in the U.S. is estimated at US$ 38.7 Bn by 2032.  

“Key companies in cloud analytics market are forming strategic alliances to provide analytical solutions to let organizations turn data into actionable insights”. Comments an analyst at Future Market Insights.

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Cloud Analytics Market: Competition Insights 

Key companies operating in the cloud analytics market are forming strategic partnerships to accelerate the development of cloud analytics and deploy analytical solutions across all verticals.

The key companies operating in the cloud analytics market include

  • IBM Corporation,
  • Hexaware Technologies Limited,
  • Oracle Corporation,
  • Microsoft Corporation,
  • Google, Alphabet Inc.,
  • Salesforce.com, Inc.,
  • SAS Institute Inc.,
  • Teradata Corporation,
  • MicroStrategy Incorporated,

The Hewlett Packard Enterprise Company, SAP SE, Atos, Cloudera, Hitachi Vantara Corporation, ThoughtSpot, Qilk, GoodData, Alteryx, Yellowfin, Pyramid Analytics, Board International, Hewlett-Packard Enterprise, AWS, Domo, Sisense,  and Looker. 

Some of the recent developments by key providers of Cloud Analytics are as follows: 

  • In February 2022, Teradata partnered with Microsoft to integrate the platform of Teradata Vantage data with Microsoft Azure. The aim of the partnership is to modernize the data analytics workload of businesses, execute their cloud strategies and together solve the challenges in data analytics. 
  • In January 2022, IBM Watson Advertising announced the offerings of AI-driven weather analytics to AWS data exchange. The weather datasets assist users to analyze how weather affects the consumer purchasing pattern across various categories and harnessing deep insights to assist businesses in making confident and insightful decisions. 
  • In November 2021, Informatica, a cloud data management leader, launched modern cloud analytics program on Microsoft Azure. The platform is made available to customers with joint Microsoft & Informatica PowerCenter, and are in need to migrate their on-premise data warehouse and ETL workloads to IDMC on Azure and Azure Synapse Analytics. 
  • In May 2020, Oracle announced Oracle Analytics for Cloud HCM to bring ready-to-use workforce analytics to Oracle HCM customers. Oracle Analytics for Cloud HCM seeks to provide businesses and analysts with greater insights about the workforce composition and a thorough view of the organization’s data. 

Similarly, recent developments related to companies involved in cloud analytics have been tracked by the team at Future Market Insights, which is available in the full report.

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More Insights Available 

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

The study reveals extensive growth in the Cloud Analytics Market in terms of Solution (Cloud BI Tools, Hosted Data Warehouse Solutions, Complex Event Processing, Enterprise Information Management, Enterprise Performance Management, Governance, Risk and Compliance, Analytics Solutions), Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (SMEs, Large Enterprises), Vertical ( BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Media and Entertainment, Government, Telecom and IT, Research and Education, Energy, Manufacturing and Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa). 

Key Segments Covered In Cloud Analytics Industry Survey

Cloud Analytics Market by Solution:

  • Cloud BI Tools
    • Cloud Based Data Integration Tools
    • Cloud Based Reporting and OLAP Tools
    • Cloud Based CRM Software
  • Hosted Data Warehouse Solutions
  • Complex Event Processing
  • Enterprise Information Management
  • Enterprise Performance Management
  • Governance, Risk, and Compliance
  • Analytics Solutions
    • Cloud Based Predictive Analytics
    • Cloud Based Spatial Analytics
    • Cloud Based Video Analytics
    • Cloud Based Text Analytics
    • Cloud Based Speech Analytics
    • Cloud Based Web Analytics
    • Cloud Based Machine Analytics

Cloud Analytics Market by Deployment Type:

  • Public Cloud Analytics
  • Private Cloud Analytics
  • Hybrid Cloud Analytics

Cloud Analytics Market by Organization Size:

  • SMEs
  • Large Enterprises

Cloud Analytics Market by Vertical:

  • BFSI
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Government
  • Telecom and IT
  • Research and Education
  • Energy
  • Manufacturing
  • Others

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 a consumer electronics will likely remain the leading end-use sector cross 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:      

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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Skills Management Software Market Poised for Robust Growth, Reaches $388.1 Million in 2023

In 2023, the skills management software market is anticipated to be worth US$ 388.1 million. The skills management software business is expected to reach roughly US$ 872.1 million by the end of 2033, with an 8.4% CAGR from 2023 to 2033, due to growing investment in skills management software by various organizations globally.

The skills management software business is gaining traction due to dynamic human resource practices and the ongoing use of novel technologies. The growing demand for hiring process automation and performance management among businesses has fueled market expansion for skills management software. Key skills management software manufacturers are focused on software advancements to boost their market share.

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Workforce Optimization is becoming increasingly popular.

Companies strive to optimize their workforce by putting the appropriate people in the right roles with the right capabilities. Skills management software aids workforce planning and identifies talent gaps, allowing firms to make educated decisions about recruiting, training, and internal mobility.

Improved Employee Retention and Engagement

Skills management software can help increase employee engagement and retention by providing personalized learning opportunities. Employees are more likely to feel appreciated and inspired to stay with a company that invests in their professional development and provides appropriate learning materials.

Connection to Talent Management Systems

Other talent management systems, including performance management and learning management systems, can be integrated with skills management software to create a cohesive environment for managing employee development and career progression. This connection enhances data accuracy, streamlines operations, and delivers holistic insights into the organization’s talent pool.

Concerns about data privacy and security

Employee data is collected and managed using skills management software. Concerns about data privacy and security may deter organizations that are reticent to share employee information with third-party software vendors. Compliance with data protection standards such as GDPR and CCPA can add a layer of complication.

Considerations for Cost

The cost of obtaining, deploying, and maintaining skills management software can be a major determinant of its adoption. Small and medium-sized firms (SMEs) with restricted budgets may need help to invest in such software, thereby limiting skills management software market growth in that category.

Problems with Implementation and User Adoption

Skills management implementation software success needs careful planning, training, and user uptake. Organizations that fail to roll out and encourage the use of software successfully may see low adoption rates and limited advantages, acting as a stifling force for skills management software market growth.

Regional Outlook

North America is anticipated to dominate the skills management software market due to the presence of established players and the high adoption rate of advanced technologies. Europe is expected to grow substantially due to the increasing emphasis on workforce development and skill enhancement initiatives.

The Asia-Pacific region is projected to experience rapid market growth for skills management software due to the rising demand for skilled labor and the increasing focus on digital transformation. Emerging economies in Latin America and the Middle East are expected to contribute to the market growth for skills management software as organizations prioritize effective skills management for improved productivity and competitiveness.

Key Takeaways

  • The United States might increase its market share by 16.3% between 2023 and 2033.
  • Between 2023 and 2033, Germany may hold 8.7% of the skills management software
  • Japan’s share of the skills management software industry could reach 4.5% between 2023 and 2033.
  • Australia to hold a 3.5% share of the market from 2023 to 2033.
  • During the forecast period, Chinese skills management software business to expand at a CAGR of 6.1%.
  • From 2023 to 2033, the United Kingdom skills management software industry to register at an 8.2% CAGR.
  • Through 2033, the Indian market to record a CAGR of 8.7%.
  • The on-premise segment to hold a market share of 61.2% in the type category between 2023 and 2033.
  • The large companies sector to grab a significant market share of 61.2% in the application category between 2023 and 2033.

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Competitive Landscape

The skills management software market is highly competitive and dynamic. Numerous software suppliers are fighting for market share as the demand for efficient talent management and workforce optimization grows.

Established enterprises and rising startups are developing creative solutions to meet organizations’ expanding needs for controlling and utilizing their employees’ abilities. This competitive environment encourages ongoing innovations and improvements in skills management software products.

Latest Innovations

  • Oracle Human Capital Management (HCM) was chosen by TriHealth to streamline and integrate its existing HR systems. TriHealth’s staff was able to eliminate manual processes and increase employee engagement as a result of this.
  • IBM and EY have announced a programme to assist organisations and enterprises in recognising workforce difficulties such as employee retention, recruiting, and upskilling, as well as highlighting the need to integrate HR systems technology at a rapid speed.

Key Segments

By Type:

  • On Premises
  • Cloud-Based

By Application:

  • Large Companies
  • Small and Medium-Sized Companies

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

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 a consumer electronics will likely remain the leading end-use sector cross 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:      

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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Car Seat and Accessories Market: Forecasted Growth at a CAGR of 4.5% by 2032, Catering to Evolving Automotive Safety Needs

Car Seat and Accessories Market
Car Seat and Accessories Market

In 2021, the global demand for car seats and accessories is anticipated to be valued at US$ 5 billion, with expectations to reach US$ 5.3 billion by 2022. Moving forward, the market is forecasted to grow at a CAGR of 4.5%, ultimately reaching a valuation of US$ 8.3 billion from 2022 to 2032.

The car seat and accessories market is rapidly advancing with evolving technology and product innovation, driven by the influential automotive industry. The global automotive sector, known for its technological advancements and diverse product offerings, is poised to undertake strategic initiatives to bolster the car seat and accessories market. Additionally, the automotive industry serves as a significant indicator and catalyst for the economic growth of countries.

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Global Car Seat and Accessories Market: Market Participants

Some of the key players operating in the global car seat and accessories market are

  • Phoenix Seating Limited
  • Morrck Ltd.
  • Clek Inc.
  • Britas Romer
  • RDM Group
  • Amvian Automotive Pvt. Ltd.
  • Diono LLC
  • Lear Corporation
  • Zone Tech
  • Wagon
  • Motor Trend
  • CarXS
  • Unique Bargains
  • Kojem
  • Welpettie
  • EDAL

Car Seat and Accessories Market: Key Developments

In 2017, Lear Corporation, a key player in the global car seat and accessories market, announced the acquisition of Grupo Antolin’s seating business. Grupo Antolin specializes in the production of various car seat and accessories for North America and Europe markets

In 2018, Britas Römer another marquee player in car seat and accessories launched a new variant of car seat under the brand name of KIDFIX XP SICT and DUALFIX.

Car Seat and Accessories Market: Key Trends

Prominent car seat and accessories manufacturers have been making several key acquisitions in the view of expanding their business in the global market.

Opportunities for Car Seat and Accessories Market Participants

Over the years, customer perception has been changing with time and new technologies in the market. This factor has also been influencing the global car seat and accessories market. Customers desire to customize their car seat and accessories in accordance with their preference.

Furthermore, families with newborns or toddlers take extra precautions to ensure that their vehicles are equipped with baby care car seats, creating a huge opportunity for competitors in the global car seat and accessory market to gain traction in the baby care or infant care category.

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Brief Approach to Research for Car seat and Accessories Market

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, application and sales channel.

The study is a source of reliable data on

  • 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

The regional analysis covers

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

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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