Market Research Blog – Page 3383 – New Product Development

Power Integrated Modules Market Projected to Reach US$ 5,774 Million by 2032, Riding on an 8.7% CAGR

A power integrated modules market is a physical containment for various power components, mostly power semiconductor devices. These power semiconductors are usually sintered or soldered on a power electronic substrate. The global power integrated modules market is forecasted to be appraised at US$ 5,774 Million by 2032, up from US$ 1,765 Million in 2022, advancing at a CAGR of 12.6% during the forecast period.

The increase in demand for energy requirement is the major factor driving the growth of the market. Also, the demand for consumer products such as washing machine, refrigerators, and others are increasing at a rapid pace globally, thus anticipated to boost the global power integrated market during the forecast period.

The increase in application for power-integrated modules is the key factor attributing the growth of the market. Power-integrated modules are used in laptops, tablets, therefore increase in demand for laptops and tablets for B2C and the B2B market is expected to drive the power-integrated market in forthcoming years.

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Regional Trend:

Asia Pacific is expected to dominate the power-integrated modules market, owing to the surge in demand for consumer goods such as refrigerators, air conditioners, and washing machines. Also, Asia Pacific countries such as China and India are witnessing an increase in energy requirements, which is the other reason propelling the growth of the power integrated module market.

Economic production and government initiatives for manufacturing sectors such as Make in India, are the major factors driving the growth of the manufacturing sector, which is making the Asia Pacific region emerge as a strong manufacturing hub.

In addition to the above, a robust manufacturing hub in Asia Pacific region coupled with a wide presence of major players for manufacturing consumer goods are boosting the growth of the power integrated module market during the forecast period.

Leading Key Players:

The major player operating in the power integrated modules market includes Future Electronics, Mitsubishi Electric Corp., ON Semiconductor Corporation, Fuji Electric Co., Ltd., Infineon Technologies AG., VPT, Inc., Applied Power Systems, Inc., Lectron Industries, COSEL ASIA LTD., STMicroelectronics N.V., Renesas Electronics Corporation, Texas Instruments Inc., Sensitron Semiconductor, Sanken Electric, ROHM Semiconductor, Hirata Corporation, Schneider Electric Co. Ltd., Robert Bosch GmbH, Continental AG., NXP Semiconductors, Toshiba Corporation, Powerex Inc., Microchip Technology Inc., SEMIKRON Elektronik GmbH & Co. KG, etc.

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Key Segments

By Type:

Output Power
Output Current
Output/Input Voltage
Packaging Type
Dimensions

By Device:

IGBT
MOSFET

By Application:

Embedded Computing
Controllers
Processors
SAN/NAS Accelerator
Appliance
Network Processors
Noise Sensitive Applications

By Region:

North America
Latin America
Middle East and Africa
Asia Pacific
Europe

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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 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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Smart City Platforms Market Expected to Reach US$ 496.9 Billion by 2033, Demonstrating Exceptional Growth

The global sales for smart city platforms market reached US$157.6 billion in 2022, with a projected 11% growth from 2023 to 2033. The leading revenue-generating segment is expected to be platform offering, forecasted to expand at a CAGR of over 9.5% during the same period.

Enterprise Resource Planning is crucial for optimizing procedures and boosting corporate operations across sectors. The Internet of Things (IoT) and large data influxes are already shaking up the ERP environment, bringing new opportunities for continuous improvement and process automation. The ERP environment of today is extremely complicated, owing in part to the dizzying pace of technology.

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A small-scale ERP deployment typically requires approximately three months to finish, but a larger-scale project may take up to two years. Meanwhile, substantial technological advancements may occur concurrently with the two-year deployment. The advent of lesser-priced cloud computing and SAAS services complicates the marketing of ERP software.

The integration and deployment of smart city platform solutions with ERP solutions is a difficult undertaking that must be completed in phases. The outdated ERP solutions are insufficient to function independently and meet the needs of customers. Additionally, firms are hesitant to migrate to that of an Integrated Workplace Management System (IWMS) or Computerized Smart City Platforms (CAFM) technology. Conventional enterprise resource planning (ERP) technology would be preferred by larger firms.

Furthermore, smart city platform solutions should not be used as stand-alone solutions in the facility’s digital architecture. It is frequently necessary to combine smart city platforms with ERP systems. Furthermore, integrating smart city platform solutions and services with ERP systems is a difficult operation that must be accomplished in stages.

Key Takeaways from the Market Study

Global Smart City Platform Market is expected to reach a market size of US$ 446.7 Billion by 2022.
In terms of Offering, the Platform segment is expected to have the highest CAGR of 9.3% during the forecast period.
In terms of Delivery Model, the Hybrid segment is expected to account for the largest CAGR of 8.7% during the forecast period.
United States is projected to remain the dominant market with absolute dollar growth opportunity of US$ 84.9 Billion during 2022 – 2032.
The market in U.S is set to experience the highest CAGR of 9.3% during the 2022-2032 forecast period.

Competitive Analysis:

The research discusses key trends in the smart city platform industry as well as inorganic and organic growth methods. Various firms are focusing on organic growth strategies such as product approvals, new product releases. The strategy noted in the sector included mergers and acquisitions, partnerships, and collaborations. These measures have paved the way for market players to grow their businesses and strengthen their distribution networks.

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Some of the recent developments in smart city platform market include:

· In October 2021, Siemens took over Wattsense, a French start-up company. Siemens gained the ability to assist businesses throughout Europe in complying with Energy Performance of Buildings Directive due to this purchase (EPBD). This regulation requires tertiary sector buildings to include control and automation technologies that improve energy efficiency and reduce CO2 emissions.

· In June 2021, Microsoft and Mejo collaborated with Palantir and Sompo Holdings. The firms hoped to facilitate innovative capabilities of connected car data throughout the world through this partnership. Furthermore, the collaboration would help Wejo’s goal of building vendor-agnostic industry rules in connected car data, as well as applications across numerous industries such as fleet, insurance, smart city, payments, and mobility, among others.

· In March 2021, Hitachi has acquired GlobalLogic, a US-based product engineering services firm. Through this takeover, the firm aimed to expand its key segments, namely IT, Energy, Industry, Mobility, and Smart Life and Astemo.

Smart City Platforms Market Segmentation:

By Offering:

Platforms
- Connectivity Management Platform
- Integration Platform
- Device Management Platform
- Security Platform
- Data Management Platform
Services
- Professional Services
- Managed Services

By Delivery Model:

Offshore
Hybrid
Onshore

By Application:

Smart Transportation
Public Safety
Smart Energy & Utility
Infrastructure Management
Citizen Engagement

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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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Smart Baggage Handling System Market Forecasted to Reach US$ 27.9 Billion by 2032, Driven by a Strong 19.9% CAGR

The smart baggage handling system market is expected to grow at a CAGR of 19.9% between 2022 and 2032, with revenues estimated at US$ 3.8 billion in 2021. The market is expected to be worth US$ 27.9 billion by the end of 2032.

Small airports’ baggage handling is simple, but it becomes considerably more intricate in remote airport locations and can result in skyrocketing prices and poor service. The increase in passengers passing through the air terminal intensified the level of luggage, which is the reason why the Sky terminal has implemented automated solutions to handle luggage more quickly.

The present baggage handling system, which airports and airlines operate, relieves ground personnel of their duties. This system quickens the baggage process to provide passengers with greater satisfaction. It has organized baggage displays and speedy sorting, tracking, and inferring systems that aid in the prevention of potential safety hazards.

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The overall objective of the smart baggage-handling system is to make the whole operation more cost-effective. Automation makes a big contribution to quicker turnaround times. Mechanisms ensure that the baggage of the appropriate passenger goes to the required airplane with the right cargo.

Key Takeaways from the Market Study

Global Smart Baggage Handling System Market is expected to reach a market size of US$ 3.8 Bn by 2022.
In terms of Technology, the Radio Frequency Identification (RFID) segment is expected to have the highest CAGR rate of 21.8% during the forecast period.
In terms of Solution, Conveying is expected to account for the highest CAGR of 20.5% during the forecast period.
United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 9.7 Bn during 2022 – 2032.
The market in U.S is set to experience the highest CAGR of 21.7% during the 2022-2032 forecast period.

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Competitive Landscape

The Smart Baggage Handling System Market is highly concentrated, with only a few competitors accounting for the vast majority of market share. These companies are raising their profits as well as market shares through smart joint projects. Some development in this Smart Baggage Handling System Market include:

In January 2020, Siemens Logistics’ bid to implement a newer hold baggage screening systems at Dublin Airport’s Terminal 2 was successful. The contract calls for the replacement of the current HBS as well as the installation of an extra line to improve capacity even more. This project presents a unique difficulty in that it must be completed without interfering with routine flight operations or passenger operations.
In April 2020, Vanderlande has been named Heathrow Airport’s strategic baggage supplier for another ten years. The newly inked ‘pan-airport’ agreement will include the Terminals’ operation, design, build and maintenance programs, as well as smart baggage control room services. Both organizations will collaborate to further create an integrated strategy that will expand on their existing connection.

Key Players

SITA
Vanderlande Industries Private Limited
Diafuku Co.
Siemens Group
Beumer Group
Smiths Detection

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Smart Baggage Handling System Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Smart Baggage Handling System Market in terms of Type of Transportation (Airport, Railway Station), Technology (Barcode System, Radio Frequency Identification), Solution (Sorting, Conveying, Tracking and Tracing, Diverting, Others), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered in Smart Baggage Handling System Market Analysis

By Type of Transportation:

Airport
- International
- Domestic
Railway Station

By Technology:

Barcode System
Radio Frequency Identification (RFID)

By Solution:

Sorting Smart Baggage Handling Systems
Conveying Smart Baggage Handling Systems
Tracking and Tracing Smart Baggage Handling Systems
Diverting Smart Baggage Handling Systems
Other Smart Baggage Handling Systems

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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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Real-time Bidding Market Surges, Forecasts a Massive US$ 95.2 Billion by 2032 with a Striking 19.8% CAGR

The real-time bidding market’s revenues were expected to be US$ 11.8 Billion in 2021 and are projected to increase at a CAGR of 19.8% from 2022 to 2032. The market is anticipated to be worth US$ 95.2 billion by the end of 2032. The revenue from real-time bidding at open auctions is anticipated to increase at a double-digit CAGR of 17.3% between 2022 and 2032.

To enhance the efficiency of customized advertising campaigns and provide customers with targeted advertisements, RTB evaluates demographic and behavioral data from social media users based on their online activity. RTB video advertising is also being used by advertisers for social media broadcasting since they are successful at grabbing the attention of the intended audience.

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Additionally, several new brands are utilizing RTB to market their companies by increasing consumer awareness of the brand and enhancing the effectiveness of their advertising campaigns.

The growing inclusion of artificial intelligence and machine learning techniques into RTB platforms is further fueling the market growth. Artificial Intelligence and Machine learning have been enabling service providers to provide innovative features to advertisers to increase overall revenue, resulting in a more favorable market outlook. Other market drivers include the growth of e-commerce, increased adoption of digital marketing solutions, and technological advances in the media and entertainment industries.

Key Takeaways from the Market Study

Global Real-time Bidding Market is estimated to reach a market size of US$ 15.6 Billion by 2022.
The Media and Entertainment segment is expected to have the highest CAGR rate of 17.9% during the forecast period.
United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 27.2 Billion during 2022 – 2032.
The market in the United States is set to experience the highest CAGR of 19.6% during the 2022-2032 forecast period.

Competitive Landscape:

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Real-time Bidding Market are focused on R&D to produce innovative technological solutions.

In December 2021, Discovery, Inc purchased the assets, techniques, and intellectual property of ZEDO. Discovery’s ad solutions will be able to innovate more quickly as a result of the acquisition of ZEDO’s technology. This acquisition expands Discovery’s global direct-to-consumer (DTC) platforms with key ad technology platform capabilities such as a supply-side platform (SSP) and real-time bidding (RTB), improving the consumer experience and driving monetization.
In April 2022, AeroBid announced the launch of an RTB platform that will change the face of private aviation. AeroBid, a new live bidding platform, was created to modernize private charter booking as the number of private aviation will grow. It will make use of data and real-time connectivity to provide a fast, credible, and efficient way for brokerage firms to request charters on behalf of customers and operators to receive and bid on real-time flight requests.

Leading Key Players:

Google
WPP Plc
Adobe
Criteo
Facebook
Hivestack
Yahoo

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Market Segments Covered in Real-time Bidding Market Analysis

By Applications of Real-Time Bidding:

Media and entertainment
Games
Retail and e-Commerce
Travel and luxury
Mobile apps
Others

By Auction in Real-Time Bidding:

Open Auction
Invited Auction

By Ad Format in Real-Time Bidding:

RTB Image
RTB Video

By Device:

Mobiles
Desktops
Others

By Region:

North America Real Time Bidding Market
Europe Real Time Bidding Market
Asia Pacific Real-Time Bidding Market
Middle East and Africa Real-Time Bidding Market
Latin America Real Time Bidding Market

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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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Quote Management Software Market: Projected Surge with 16.9% CAGR, Expected to Exceed US$ 7.6 Billion by 2032

The Quote Management Software Market revenue was recorded at US$ 1.4 Billion in 2021 and is anticipated to grow at a CAGR of 16.9% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 7.6 Billion.

The industries use Cloud-based Quotations Management to speed-up the process of generating quotes for prospective leads and customers, which they can then save and access whenever they need them.

Quote management software enables users to generate quotes for the products and services they offer in a quick and easy manner. The solution is easy to use and allows them to create as many quotes and invoices as they require. The created copies are saved and can be accessed online at any time. The Quote & Invoice Manager allows the companies to quickly generate Quotes & Invoices and link them to the appropriate accounts, contacts, or leads.

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Catalyst CRM, for example, provides SMB traders and manufacturers with free cloud-based quoting software and IT quoting software. Cloud-based sales quoting software can perform tasks or provide services from any location with internet access. Businesses nowadays are demanding web-based software that does their sales-related work automatically, lowering their work pressure.

Furthermore, while on the road, it is difficult for a salesperson to communicate their work progress to their company, and they must fill out paperwork to feed in. Cloud-based software can be used to perform all of a company’s functions.

Key Takeaways from the Market Study

Global Quote Management Software Market is expected to reach a market size of US$ 1.6 Billion by 2022.
The CPQ Software segment, is expected to have the highest CAGR rate of 16.6% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.1 Billion during 2022 – 2032.
The market in US is set to experience the highest CAGR of 16.6% during the 2022-2032 forecast period.

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Competitive Landscape:

The leading pricing and quote management software vendors are Callidus Software, ConnectWise Inc., FPX, LLC, Apttus Corporation, IBM Corporation, Oracle Corp, Model N, Inc., Salesforce, Vendavo, Inc., Aspire Technologies, Inc., Cincom Systems, Inc., PROS, Inc., and SAP AG. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.

The quote management software market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Quote Management Software Market are focused on R&D to produce innovative technological solutions.

In January 2022, Vendavo, a provider of AI-enabled SaaS price optimization and CPQ solutions, reported record expansion and client software retention during a difficult year. Accel-KKR and current owner Francisco Partners will both make significant strategic investments in Vendavo in 2021. This investment will be used by Vendavo to accelerate product development in order to meet client demands for new B2B commercial solutions in 2022, fund future go-to-market strategies, and accelerate partnership and merger and acquisition opportunities.
In May 2021, Cincom Systems, Inc. announced the launch of CPQSync Self-Serve, a B2B commerce experience designed for companies that sell complex, highly configurable products, and services. Customers can use CPQSync to configure products, obtain pricing, and view quotes in real-time. Cincom’s CPQSync SaaS solution simplifies the purchase and sale of complex products and services. The solution is powered by the Microsoft Power Platform and is fully integrated with Microsoft Dynamics 365 for Sales, Finance, and Supply Chain.

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Quote Management Software Industry Segmentation:

By Product Type:

CPQ Software
Pricing Software
Proposal Software
Visual Configuration Software

By Industry:

Large Enterprises
SMEs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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

Multifuel Gas Turbine Market Value to Reach US$ 6.5billion by 2033

The global multifuel gas turbine market size is likely to be valued at US$ 4.9 billion in 2023. The increasing demand for clean energy power generation is driving the market growth. The market is estimated to garner US$ 6.5 billion in 2033, recording a CAGR of 2.8% from 2023 to 2033

The increasing application of multifuel gas turbines in various industries such as oil and gas, petrochemicals, pulp and paper, and steel, among others, is expected to drive the demand for multifuel gas turbines. Multifuel gas turbines provide a flexible and efficient solution by utilizing different fuel types, ensuring reliable power supply and heat generation for industrial processes.

The growing technological advancements in gas turbine technology drive the multifuel gas turbine market. Manufacturers invest in research and development to improve the efficiency, reliability, and operational flexibility of gas turbines. This includes advancements in combustion systems, materials, and control technologies, leading to higher performance and fuel flexibility of multifuel gas turbines.

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North America is expected to account for a significant market share in the multifuel gas turbines market owing to the well-established energy infrastructure and a growing emphasis on energy efficiency and environmental sustainability. Canada is also witnessing the increasing adoption of multifuel gas turbines, particularly in oil and gas operations.

Rapid industrialization and urbanization led to increased energy demand driving the market growth in Asia Pacific. Multifuel gas turbines offer an attractive solution to meet the growing energy needs while adhering to environmental regulations. The expanding oil and gas industry, along with infrastructure development projects in the region, further contributes to the demand for multifuel gas turbines.

Key Takeaways from the Market Study

From 2018 to 2022, the multifuel gas turbine market demand expanded at a CAGR of 2.5%
Based on power output, the heavy-duty segment accounts for a CAGR of 2.7%
By application, the oil & gas segment is expected to expand at a CAGR of 6% during the forecast period
North America to emerge as a promising multifuel gas turbine market, capturing a CAGR of 2.7%
The multifuel gas turbine industry in the United Kingdom is predicted to reach US$ 3.4 billion by 2033
South Asia and the Pacific to be an opportunistic multifuel gas turbine market, expected to capture a CAGR of 5% during the forecast period.

Competitive Landscape

The global multifuel gas turbine market is fragmented with the presence of several large and medium-scale players. The leading players in the multifuel gas turbine market are investing in strategic agreements in order to capture market share.

Prominent players in the multifuel gas turbines market are:

Siemens AG
General Electric
Ansaldo Energia S.p.A.
Mitsubishi Heavy Industries Ltd.
Kawasaki Heavy Industries Ltd.
Ming Yang
Guodian United Pow
Nordex
Dewind,Senvion
Wärtsilä
MHPS

GE is one of the key players in the gas turbine industry and has made significant contributions to the multifuel gas turbine market. GE’s DLN (Dry Low NOx) technology allows their gas turbines to operate on various fuel types, including natural gas, distillate oil, and biodiesel. GE’s advanced DLN combustion systems provide high efficiency and low emissions across a wide range of fuel compositions.
Siemens is another major player in the multifuel gas turbine market. Their gas turbines, such as the SGT-800 and SGT-600, are designed to operate on various fuel types, including natural gas, liquid fuels, and alternative fuels. Siemens focuses on improving fuel flexibility and environmental performance through their advanced combustion systems. They have also developed solutions for the integration of hydrogen into gas turbine systems, paving the way for the use of hydrogen as a cleaner fuel source.

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Jordan Faith-Based Tourism Market Booms, Anticipating a US$ 756.37 Billion Market by 2033 with 15.5% CAGR | FMI

The Jordan faith-based tourism market is expected to increase from US$ 179.03 billion in 2023 to US$ 756.37 billion by 2033.

The spending power of people has increased, as has internet and credit card penetration, government drives to promote tourism, and the rise of new online segments. Growing population, increasing disposable income, and growing consumer awareness about travel destinations drive the tourism market.

Moreover, low-cost air travel, an increase in leisure travel, and a rise in a variety of international travel destinations are a few more factors that bolster the religious tourism market further. As more segments migrate to digital channels, the online travel market is approaching maturity. Gross reservations for online travel are estimated to expand by double digits, outpacing the overall travel market.

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With the advent of the internet and the rise of artificial reality (AR), the online travel sector in India is fast evolving. An increasing number of people in India are turning to the convenience of the web for better travel pricing and lodgings.

The increasing penetration of international flight and hotel reservations given by online portals such as Clear trip, MakeMyTrip, Yatra, and others may account for most of the increase in the online travel sector.

An increase in user demand is also a factor, as consumers in India are predicted to spend nearly 4% of their disposable income on travel. The mix of travel and transportation offerings, including airport transfers and holiday packages, is significantly expanding.

The government’s regional airport development initiative promotes connectivity to smaller cities and towns, which is the most significant continuing development in India. The burgeoning tourist industry, as well as the rising penetration of internet usage and smartphone users across various countries, are driving the online travel market in India.

Furthermore, expanding urbanization, rising per capita income, economic expansion, and a movement in customer lifestyle toward more enhanced services and comfort are the factors estimated to have a beneficial impact on market growth.

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Key Takeaways

Jordan faith-based tourism market is expected to expand at a CAGR of 15.5% during the forecast period 2023 to 2033.
The rising popularity of diving destinations, new tour launches, personalized trips, and other factors are pushing market sales.

Key Companies Profiled

Jordan Select Tours
Sherazade Travel & Tourism Jordan
Jordan Society of Tour Travel Agents
Zaid Tours and Travel
Jordan Private Tours and Travel
Platinum Travel
UTA Jordan
Jordan Society of Tourism & Travel Agents (JSTA)
Nebo Tours
Jordan Tours & Travel/ Amman
Petra Travel & Tourism Co
Jordan Direct Tours
Dakkak Tours International
Green Meadows Travel & Tourism
AI Tahad Travel & Tours

Key Development

MakeMyTrip introduced the myPartner platform in August 2020 to support travel agents in providing superior travel booking experiences to passengers. MyPartner is a platform designed to give local travel agencies access to one of the most comprehensive collections of online travel inventory. While digitizing the day-to-day booking procedures of all offline travel agents, myPartner was designed and constructed to serve the local travel industry outside of metro areas.
In June 2021, Oyo, along with online travel providers such as Yatra, Airbnb, and EaseMyTrip, formed an organization to investigate the problems encountered by small hotel owners and promote in a country still recuperating from the pandemic, new tourist models are emerging. The Confederation of Hospitality Technology and Tourism Industry (CHATT) is estimated to assist small and medium hotels and homeowners across India in using technology to revitalize their operations.
In 2019, TripAdvisor LLC Expedia Group formed a strategic alliance with Trip.com Group to increase their global collaboration. Through this collaboration, the company hoped to broaden its reach and assist Chinese outbound tourists in organizing more meaningful vacations.
Expedia Group partnered with Chase Card Services in 2018 to improve the Chase Ultimate Rewards travel hub with expanded features, an improved redemption facility, and more options.
Booking.com agreed in October 2022 to hire 100 people for its newly created Centre of Excellence in Bengaluru by the fiscal year 2022.
Thomas Cook (India) Ltd., strengthened its presence in the India market in February 2018 by adding 8 new outlets in 2017, expanding the company’s distribution and reach in South India to 50 customer access centers: 23 owned branches and 27 Gold Circle Partner (franchise) outlets.

Market Segmentation by Category

Tourism Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tours
Others

Booking Channel:

Phone Booking
Online Booking
In-person Booking

Tourist Type:

Domestic
International

Age Group:

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

Consumer Orientation:

Men
Women
Children

Tour Type:

Independent Travelers
Tour Groups
Package Travelers

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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France Medical Tourism Market Surges Ahead, Eyes 8.5% CAGR by 2032 | FMI

The France medical tourism market is projected to reach a valuation of US$ 4,592 Million in 2022. Sales are projected to increase at a CAGR of 8.5% through 2032.

Over the years, medical tourism in France has been rising due to presence of highly developed medical facilities and technologies. Patients opt for tretaments due to the fact that many medical procedures or operations are expensive and are not easily available in their native places.

Availability of advanced bariatric surgery, dental treatment, and high-quality cosmetic operations is creating conducive environment for the market players in France. The nation, which had previously prohibited medical travel, revived the industry in 2015 by transforming up to 40 facilities, including the American Hospital of Paris and Gustave Roussy Cancer Center, into world-class referral centers for patients from outside.

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Some of the important factors that have contributed to the expansion of the medical tourism business are decreased airfare, rising incomes in developing countries, and rising need for high-quality healthcare. The companies engaged in the area will profit from this, together with the French government’s goal of promoting the medical tourism industry.

Key Takeaways:

By treatment type, demand will remain high for orthopedic and cancer treatments in France tourism market during the forecast period.
Based on services, the therpeautics services segment will be most remunerative in the France medical tourism market through 2032.
By tour type, packaged traveller segment is likley to hold the largest revenue share of the France medical tourism market in 2032.
In terms of age group, 46 and 55 category is most likely to travel to France for medical tourism treatments over the assessment
Online booking remains the most preferrd booking channel by medical tourists.

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Key Players

The Hernia Institute Paris
Medifrance Solution
France Medical Access
Dr. Parisescu.
FAME Santé
Ribau & Garner
France Surgery
Medical Concierge France
SAM Medical France
Sonio
Ludocare
Charles.co
Axomove
Dynveo
MEDTECH
SILVER ECONOMY
Groupe Médical Santé
DIXI medical
Int’Air Medical
PrimaX Imagerie Médicale

Who is Winning?

Leading companies in the French medical tourism market are attempting to increase their revenue by providing all-inclusive packages to VIP clients. In addition to striving to further increase their presence, they are concentrated on expanding their service reach by bringing more healthcare institutions under their tent.

France Medical Tourism Market by Category

By Treatment Type:

Dental Treatment
Cosmetic Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Neurological Treatment
Cancer Treatment
Fertility Treatment
Others

By Services:

Wellness Services
Therapeutic Services

By Tour Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women
Children

By Age Group:

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

By Booking Channel:

Phone Booking
Online Booking
In-Person Booking

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

Indonesia Sustainable Tourism Market Forecasted to Surge by 27.3% by 2032 | FMI

The Indonesia sustainable tourism market is forecast to total US$ 10.2 Million in 2022. Demand is slated to surge at a a 27.3% CAGR over the assessment period, in comparison to the CAGR of 21.4% registered between 2017 to 2021.

The Indonesia sustainable tourism industry is following various promotional activities such as direct marketing, discounts, offering free giveaways, and hosting events activities to promote their services. As the majority of potential customers are millennials who prefer social media to search and discover travel packages, companies are investing in advertisement on social media channels to improve sales.

Aside from that, the country’s service sector is gradually aiming for the contactless/online payment trend. When contactless transactions are allowed, customers save time by not trying to sort through cash or enter their PIN. The introduction of mobile payments has also made carrying a wallet out-of-date. Travel agencies and cash counters at tourist locations are offering cashless payment methods to offer convenience to tourists.

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Key takeaways

26-35 age group segment will continue to hold the highest share in market.
The domestic tourist segment will remain highly lucrative in the tourist type category
In terms of tour type, the package tours segment is estimated to account for a dominant share in the market.
Based on booking type, demand in the online segment will remain high through 2032.

Key Manufacturing Companies

Altai Travel
Travelxism Sustainable Tour
Sumatra Eco Travel Bukit Lawang- Tours & Treks
Javaindo Ecotourism Tour & Services
Exo Travel Indonesia
Happy Trails! Asia-Indonesia
Azimuth Adventure Travel Ltd
Satguru Indonesia-Travel Management Company
K.B.A Tur (PT. Karang Bali Asli Tur)
Delokal- Travel Like Local
Authentic Indonesia
Trijaya Travel: Sumatra Tour & Travel Agent Medan
Destinazones
Wild Sumatra Tours

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Competition Landscape

Leading companies operating in the Indonesia sustainable tourism market are focusing on maintaining sustainable tours and eco-friendly practices during the trip, advertising popular tourist destinations in Indonesia, and new offers to improve sales.

Indonesia Sustainable Tourism Market by Category

Tourism Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

Booking Channel:

Phone Booking
Online Booking
In-Person Booking

Tourism Type:

Domestic
International

By Tourist Type, Indonesia Sustainable Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

Consumer Orientation, Indonesia Sustainable Tourism Market is segmented as:

Men
Women

By Age Group, Indonesia Sustainable Tourism Market is segmented as:

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

Mining Lubricant Market Reaching US$ 3,960.18 million by 2034, Fueled by Robust Demand and Harsh Operating Conditions

FMI has projected the global mining lubricants sales to reach a value of US$ 3,960.18 million by 2034 end

Growing investments in Asia Pacific are likely to offset subdued growth in key markets, with the coal and iron ore mining sector driving demand. Future Market Insights, in its incisive study on the mining lubricants market, opines that the market is slated for 5.40% growth through the forecast period (2024 to 2034).

Manufacturers are working on product differentiation strategies to develop lubricants that have prolific anti-friction properties, high-pressure additives, and the correct anti-wear agents. Sharper profit margins are underpinned by lubricants used in equipment such as coal crawler excavators.

For mining companies, operational and maintenance costs account for a significant share. Increasing awareness among companies about the proper usage of lubricants has decreased the maintenance cost of equipment. Moreover, it has also helped companies to avoid unexpected shutdowns”, says an FMI analyst.

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Key Takeaways of Mining Lubricants Market Study

The mining lubricants market is slated to reach US$ 3,960.18 million by 2034
High-performing lubricants and greases are growing in demand as COVID-19 tightens operating costs
Oil-based lubricants are versatile and can be used for a wide range of mining equipment.
Open pit mining is heightening the adoption of loaders, roof bolters, draglines, and haul trucks thus boosting demand for lubricants
Bio-based lubricants are pipped as a long-term solution, but current market dynamics are in favor of synthetic variants

Mining Lubricants Market – Competition Landscape

Technological advancements in lubricants is acting as a catalyst for mining lubricants market players to move up the value chain. The mining lubricants marketplace remains moderately fragmented, with Shell, Exxonn Mobil and Chevron as the traditional triumvirate. With size of mining equipment undergoing a seismic shift, manufacturers are strategizing to come out with differentiated offerings that lower maintenance costs.

Schaeffer, a privately held US company specializing in heavy duty lubricants, has demonstrated the capability of extending working time of mining equipment by several hours. Besides this, the company’s lubricants create a highly durable shield thus reducing metal-to-metal contact and friction
Total, on the other hand, closely collaborates with its mining company clients, advising them on correct lubricant storage solutions. It recommends the first in, first out approach thus reducing costs on obsolete inventories by as much as 6% – 19%
Exxon Mobil, in the year 2021, expanded its refinery in Singapore for better upgradation of Group II lubricants stock to remain competitive in the market

Want to Know More?

Future Market Insights has published a market research report on the Mining lubricants market that contains a global industry analysis for 2013 to 2023 and an opportunity assessment for 2024 to 2034. The report provides an insightful analysis of the Mining lubricants market through four different segments- product type, source, application, and region.

The Mining lubricants market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along a detailed overview of the parent market.

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Mining Lubricants Market by Category

By Product Type:

Oils
Grease

By Source:

Synthetic Lubricants
Bio-based Lubricants

By Application:

Coal Mining
Bauxite Mining
Iron Ore Mining
Precious Metals & Rare Earth Minerals Mining
Industrial Mineral Mining
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & 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