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The expected value of the global earphone and headphone market is US$ 22.3 billion in 2022, and it is anticipated to approach US$ 35.2 billion by 2028, growing at a CAGR of 7.9% from 2022 to 2028. Around 27% of the market for audio devices was made up of earphone and headphone sales in 2021. Over the next few years, in-ear headphones and earphones are expected to see the biggest growth in demand.

The global earphones and headphones market is a rapidly growing industry. The market is driven by the increasing popularity of smartphones and other portable devices, as well as the growing demand for wireless and noise-canceling technology. The market is also being driven by the increasing popularity of streaming services such as Spotify and Apple Music, which allow users to access a vast library of music and audio content.

Market growth is anticipated to be fueled by technological advancements in the earphone and headphone industries, such as the introduction of active noise cancellation, which enhances customers’ listening experiences. Due to their affordability and user-friendliness, these devices are much sought after on a global scale.

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Earphones and headphones are both types of audio devices that allow you to listen to music or other audio content. The main difference between the two is the way they fit in or on your ears. Earphones are smaller and fit directly inside the ear canal, while headphones are larger and fit over the ears. Both earphones and headphones can be wired or wireless, and can be used with a variety of devices such as smartphones, computers, and music players.

Competitive Landscape

Significant number of companies manufacturing earphones and headphones depend upon powerful sales channels, such as multi-brand distributors and retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry.

Key earphone and headphone manufacturing companies are focusing on providing high-tech products and entering into collaborations & partnerships with other earphone providers to offer enhanced devices and the best earbuds to penetrate new markets.

Key Companies Profiled

• Sony Corporation
• JVC Corporation
• Harman International Industries
• Bose Corporation
• Audio-Technica Corporation
• Skullcandy, Inc.
• Alclair Audio, Inc.
• Apple, Inc.
• Grado Labs
• Logitech International S.A.

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Wireless earphones and headphones are becoming increasingly popular, driven by the convenience they offer and the growing adoption of smartphones and other mobile devices. Bluetooth technology is the most commonly used wireless technology for earphones and headphones, although other technologies such as Near Field Communication (NFC) and Wi-Fi are also being used.

The earphone and headphone market is also segmented by price range, with different products catering to different consumer segments. Entry-level products are affordable and offer basic features, while premium products offer advanced features such as active noise cancellation and high-quality audio.

Earphone and Headphone Demand Analysis from 2013 to 2021 Vs Market Projections for 2022 to 2028

The global earphone and headphone market witnessed a growth rate of 7.1% from 2013 to 2021.

Over the past few years, there has been significant growth in the sales of smartphones and mobile phones across the world, especially in developing countries. As the usage of mobile devices has increased, demand for earphones and headsets has also increased in parallel.

To gain a competitive advantage in the earphone and headset market, key providers largely rely on strong distribution channels, such as multi-brand distributors and retailers of earphones and headsets, to improve the availability of their products. Thus, the strengthening of distribution channels and the expansion of marketing platforms for various products are assisting the growth of the audio devices market in terms of value.

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Key Segments of Earphone and Headphone Industry Survey

Earphone and Headphone Market by Product Type:

• Earbuds
• In-ear
• On-ear
• Over-ear

Earphone and Headphone Market by Technology:

• Wireless
• Wired

Earphone and Headphone Market by Headset Type:

• ANC
• Non-ANC

Earphone and Headphone Market by Application:

• Personal Use
• Professional
  • Corporate Offices
  • Media & Entertainment
• Sports
• Gaming

Earphone and Headphone Market by Distribution Channel:

• Distributors & Value Added Resellers
• Retail Stores
  • Multi-brand
  • Exclusive
  • e-Commerce

Earphone and Headphone Market by Price Range:

• Low Price
• Medium Price
• Premium Price

Earphone and Headphone Market by Region:

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

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The global specialty shortenings market is said to register a CAGR of 4.5% from 2022 to 2032, intended to earn revenue of US$ 7.1 Bn by 2032, up from US$ 4.6 Bn in 2022.

Specialty shortenings are the fatty substances that are majorly used in the bakery and confectionery products. The use of specialty shortenings enables to have a crisp structure and stability in the products such as bread, fillings, icing, and cake. Some other desirable characteristics of the specialty shortenings include bland or pleasant flavour, good shortening power, and long shelf life.

Traditionally cocoa butter has been used as a shortening however, the hike in the prices of cocoa butter has led to the search for the alternatives in the specialty shortenings in the global market. Kokum butter extracted from kokum seed kernels is one such example of the alternative solution, which finds use in cosmetic products. The ease of handling of specialty shortenings across all purposes is creating a positive outlook in the global specialty shortenings market. The products of specialty shortenings are available in dry and liquid form, which can be derived from plants as well as animals.

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Plant-based Ingredients Increasing Popularity is also Creating Increased Opportunity for the Plant-based Specialty Shortenings in the Global Market

The global specialty shortenings market is driven by the increasing consumption of processed food and beverage industry around the world. Bakery and confectionery industry is flourishing and expanding at a rapid speed, especially in the Asian countries. The adoption of Western lifestyle and diet habits has resulted in the spread of café culture and specialty bakery franchises in Asia and the Middle East and Africa. With the consumer shift in food habits and easy access is creating a positive outlook in the global specialty shortenings market. Additionally, the global market of specialty shortenings market is also driven majorly by the increasing consumption of chocolate. Chocolate is becoming more popular for its effect in the relieving stress and uplifting the mood, which has affected the increase in the demand for specialty shortenings.

The specialty shortenings are also used in the other industries besides the food and beverage industry such as cosmetics and personal care and pharmaceutical products. The use of cosmetics and personal care products has been steadily increasing in the world, owing to the increased consumer awareness about the products and increased access. Moreover, the emergence of gender-specific cosmetics and personal care products is resulting in the expansion of the cosmetic industry. This, in turn, is increasing the demand for specialty shortenings in the global market.

Specialty Shortenings Market: Key Participants

Some of the market participants in the specialty shortenings market are:

• Bunge North America, Inc.
• Cargill, Inc.
• Archer Daniels Midland Company
• Ventura Foods
• Musim Mas Holdings Pte. Ltd.
• Sime Darby Kempas Sdn. Bhd.
• Tate & Lyle Plc.

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The report covers exhaustive analysis on:

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

Regional analysis includes:

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

Specialty Shortenings Market Segmentation

The specialty shortenings market can be segmented on the basis of form, Source, end use, and distribution channel.

On the basis of form, the specialty shortenings market can be segmented as:

• Dry
• Liquid

On the basis of source, the specialty shortenings market can be segmented as:

• Plant-based
• Animal-derived

On the basis of end use, the specialty shortenings market can be segmented as:

• Food and Beverage
• Bakery and Confectionery
• Dairy
• Sauces, Soups, and Dressings
• Cosmetics and Personal Care Products
• Pharmaceutical

On the basis of distribution channel, the specialty shortenings market can be segmented as:

• Direct Sales Channel/ B2B
• Indirect Sales Channel/B2C
• Hypermarket/Supermarket
• Specialty Stores
• Online Retail
• Mass Grocery Stores
• Other Retail Format

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Report Highlights:

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

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According to the assessment of Future Market Insights, the global CRM application software market is forecasted to reach a figure of about US$ 62,200 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.

Customer relationship management application software includes applications for sales automation, automation of marketing and customer service and support management like email automation.

There are different types of customer relationship management applications available through cloud delivery like social media management, activity and participant management and customer experience management. CRM application software are being increasingly used by the enterprises to increase their sales by retaining their customers and netting new customers.

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Customer relationship management application software are also used to increase the efficiency of the sales processes and to minimize the costs of sales. It also helps in servicing the customer in a faster and a more efficient manner, giving personalized attention to the most valued customers. In addition, a customer relationship management application software helps enterprises to make swift tactical decisions pertaining to established and emerging market trends.

4 Forecast Highlights on Global CRM Application Software Market

• As per the forecast of Future Market Insights, the on-premise segment is slated to touch a value of nearly US$ 27,450 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The on-premise segment is estimated to account for more than half of the revenue share of the deployment segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Future Market Insights, the retail segment will reach a value of nearly US$ 6,840 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The retail segment is forecasted to account for more than one-fifth of the total revenue share of the vertical segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Future Market Insights, the marketing automation segment is slated to reach a value of about US$ 14,100 Mn in 2022. The marketing automation segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the marketing automation segment.
• Future Market Insights forecasts the mainframe segment to exhibit a compound annual growth rate (CAGR) of nearly 10.0% from 2017 to 2022.

Competitive Landscape

The report has also included the profiles of some of the leading companies in the CRM application software market like IBM Corporation, Oracle Corp, Sas Institute Inc., Salesforce.com, Inc., Adobe Systems, Inc., Amdocs Ltd., Microsoft Corp., Genesys Telecommunications Laboratories Inc., SAP SE and Nice Systems Inc.

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Market Taxonomy

Deployment :

• Cloud
• On-Premise

Vertical :

• BFSI
• Retail
• IT & Telecommunication
• Healthcare
• Discrete Manufacturing
• Government
• Education
• Others

Application :

• Marketing Automation
• Sales Automation
• Customer Service & Support
• Contact Centre

Operating Environment :

• Mainframe
• Unix
• Linux
• Windows 32 and 64
• Other Operating Environment

Region :

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

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About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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The global artificial intelligence systems spending market is anticipated to soar with a staggering 46.1% CAGR throughout the projection period between 2017 and 2027. The coronavirus pandemic benefits from the coronavirus outbreak as businesses are remodelling operations to allow employees to work from home. Further, increased spending on online communications and cloud technologies will generate lucrative opportunities during the pandemic.

Artificial Intelligence Systems Spending Market – Key Takeaways

• Banking solutions for artificial intelligence systems are gaining strong demand, owing to automated customer service, and fraud analysis applications.
• Pharmaceutical research applications are likely to witness rapid growth aided by the recent spurt in growth of digital patient and formulation databases.
• Asia Pacific is displaying major growth in artificial intelligence system spending, supported by investments in hardware and infrastructure for artificial intelligence development.

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Artificial Intelligence Systems Spending Market – Critical Driving Factors

• Growing use of artificial intelligence in ERP and manufacturing solutions and applications drive adoption rates.
• Sustained automated transport and logistics investments are a key factor contributing to revenues.

Artificial Intelligence Systems Spending Market – Major Constraints

• Lack of adequate infrastructure to handle vast databases, setup processes, and manage workforce remains a key challenge to market players.
• High capital required for artificial intelligence system development holds back market growth.

The Anticipated Impact of Coronavirus

The covid-19 pandemic is likely to benefit the artificial intelligence systems spending market. This can be attributed to high investments in cloud and internet infrastructure, for remote working operations around the world during the pandemic. Centralization of corporate data during the crisis will help companies to build on AI capabilities.

AI systems are being used to identify and track vulnerable populations, and generate warnings for potential outbreaks in the future. Further, these systems are proving useful in administration applications in healthcare facilities. Also, increased use of online shopping. However, concerns over privacy, bias and job loss will limit gains during this period.

Competition Landscape

Prominent developers in the artificial intelligence systems spending market include but are not limited to IPsoft Inc., Google Inc., Salesforce.com Inc., Microsoft Corp., Wipro Ltd., Facebook Inc., Infosys Ltd., IBM Corp., Intel Corp., Apple Inc., and Amazon.com Inc.

Artificial intelligence systems spending market players are widely investing in strategic acquisitions to bolster their AI capabilities, and expertise in AI development workforce.

For instance, in early 2020, Apple Inc., announced the acquisition of Xnor.ai for AI-based image recognition tools. Further Amazon has announced the acquisition of Zoox, a startup focused on AI-based autonomous driving developments. Similarly, Snap has revealed its acquisition of Ukraine-based AI-Factory for developing augmented reality functionalities.

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Market Taxonomy

By Industry Type

• BFSI
• Discrete & Process Manufacturing
• Healthcare
• Retail
• Wholesale
• Professional & Consumer
• Service
• Transportation

By Technology

• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision
• AGI
• ASI

By Market

• Hardware
• Software
• Services

By Region

• North America
• Asia-Pacific excluding
• Japan
• Western Europe
• Eastern Europe
• Latin America
• Middle East and Africa
• Japan

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About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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In 2022, the global smart TV market is expected to be worth US$ 288.71 Million. With increasing internet penetration and consumer demand for web-enabled online platforms, the overall demand for Smart TV is expected to grow at a CAGR of 20.8% between 2022 and 2032, totaling around US$ 1,910.44 Million by 2032.

A steady increase in the use of streaming devices, combined with rising internet penetration, is driving market growth. Furthermore, the recent shift in consumer preferences has significantly contributed to revenue generation. The surge in demand for smart TVs has created lucrative opportunities for content providers to enter the Over the Top (OTT) space, This enables them to distribute original content over the internet.

Furthermore, many industry players are collaborating with streaming media player manufacturers in order to broaden their portfolios and increase their visibility. All of these factors are expected to boost market growth in the near future. Because of falling product prices, an increasing number of customers are opting for these technologically advanced televisions.

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Manufacturers are also upgrading their offerings by adding new features to their newer models for customers’ convenience, leading to increased demand. Moreover, the industry has witnessed high penetration in the 4K UHD TV segment, which has become a standard resolution for most manufacturers.

The accelerated demand for smart TVs has paved way for lucrative opportunities for content providers to venture into the Over the Top (OTT) space, which is allowing them to distribute original content via the internet. Also, numerous industry players are collaborating with streaming media player manufacturers to expand their portfolios and enhance their visibility.

All these factors are projected to contribute to market growth in the near future. The use of Android as an operating system by various smart TV providers has made it easy for users to access major OTT platforms such as Netflix, Hulu, and YouTube. Additionally, the Google platform also provides access to major Android-based applications, such as Facebook, Twitter, and Google Play.

Key Takeaways from the Market Study

• Global smart TV market to experience 6.7x growth from 2022 to 2032
• Flat screen smart TVs account for nearly 95% revenues in 2020, expected to retain said dominance
• By screen size, smart TVs measuring 46 to 55 inches to capture 38% revenue in 2022
• North America to be the most opportunistic smart TV market, expected to accumulate 45% revenue in 2022
• 3/5^th of global smart TV market revenue to be contributed by the Asia-Pacific
• MEA to generate significant growth opportunities for smart TV manufacturers, accounting for 30.5% revenue in 2022

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Competitive Landscape

Players in the global Smart TV Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

• In March 2021, Apple announced the next generation of Apple TV 4K, delivering high frame rate HDR with Dolby Vision, connecting customers to their favorite content with the highest quality standards.
• In July 2020, Samsung Electronics Co. introduced its range of QLED smart TVs, which have achieved a first-class energy efficiency rating.
• In April 2020, Sony Electronics Inc. revealed new 2020 LED and OLED television models announced at the CES 2020. Sony’s processors power the 2020 TV line-up by upgrading to better color and TRILUMINOS displays. The TVs are also equipped with Google Assistant.
• In March 2020, LG Electronics (LG) announced sales of its 2020 TV line up, which included 14 OLED models, including the GX Gallery series, the Genuine 8K ZX models and the 4K Ultra HD TV.

Know More About What the Smart TV Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Smart TV Market, providing historical data for 2017-2021 and forecast statistics from 2022 to 2032.

To understand opportunities in the Smart TV Market, the market is segmented on the basis of display technology type, screen type, screen size, application type, price range, and sales channel across five major regions.

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Key Segments Covered in the Smart TV Industry Analysis

Smart TV Market by Display Technology Type:

• LED
• QLED
• HDR
• OLED
• LCD
• IPS LCD
• XLED

Smart TV Market by Screen Type:

• Flat
• Curved
• Foldable

Smart TV Market by Screen Size:

• 32 Inches & Under
• 33 to 44 Inches
• 45 to 50 Inches
• 51 to 55 Inches
• 56 to 65 Inches
• 66 Inches & Above

Smart TV Market by Application Type:

• Residential
• Commercial
• Hotels
• Restaurants
• Corporate Offices
• Cafeterias
• Others

Smart TV Market by Price Range:

• Under US$ 500
• US$ 500 – US$ 1000
• US$ 1000 – US$ 2000
• US$ 2000 – US$ 3000
• US$ 3000 & Above

Smart TV Market by Sales Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Multi-brand Stores
• Online Retailers
• Wholesalers & Wholesalers
• Other Sales Channel

Smart TV Market by Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The global video intercom device market is anticipated to reach a valuation of US$ 53807.51 Million by 2027, with sales growing at a stellar CAGR of 13.1% from 2017 to 2027. Valued at US$ 15711.6 Million in 2017, the target market is set to present significant growth over the years. The rising need to ensure property safety, check on trespassing, and better communication with visitors are factors that foster growth for the video intercom device market during the forecast period.

Intercom devices with a video approach are categorized as video intercom devices. These devices are stand-alone intercom systems that are used to manage calls made at the building entrance and come with access control. The assortment of applications for video intercom devices and equipment has ensured better security and comfort in commercial, residential, and industrial spaces.

The video intercom devices not only serve communication needs but also offer a wide variety of different features such as improved IP-based networking, multi-site communication, and mobile video app for door intercom. These features are very attractive for consumers who are in the market for a video intercom device system.

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Again, for consumers who already use the product, many market players are offering product upgradation with smart and intelligent features. Such developments with regard to the residential and commercial verticals are expected to have a positive influence on the global video intercom device market during the projected period.

With markets and customers guided by intercom products continuing to transform with modernized needs that require new-age solutions, intercom manufacturers are constantly surveying the market and developing new and innovative solutions to meet the growing needs of the modern consumer. Moreover, modifications in hardware and software are changing and giving rise to new trends within the video intercom devices market. All of these considerations are expected to propel the target market during the forecast period.

“Rising popularity of smart video intercom devices, heightened demand from the residential sector, and the growing concern for personal and property security stimulate the global growth of the video intercom device market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Rising adoption of smart home ecosystems will strengthen market prospects.
• The video intercom devices market in North America will dominate the global space.
• Eastern Europe video intercom devices market will present several incremental opportunities
• India and China will make significant contributions to the Asia Pacific (Excluding Japan) market.
• By product type, door/ entrance system segment will observe higher growth during this period of observation.
• By vertical, the residential segment will lead the market growth during the assessment period.

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Competitive Landscape 

Panasonic Corporation, Honeywell Security, LEGRAND, Godrej Industries Limited, Zicom, Zenitel, Aiphone Corporation, Comelit Group S.P.A., Dahua Technologies Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd., among others are some of the major players in the video intercom device market profiled in the full version of the report.

Leading market players are focusing on offering upgraded and innovative features with the help of advanced technologies to expand their consumer base. These organizations are keen on product innovations, strategic partnerships and collaborations to strengthen their market position.

More Insights into Video Intercom Device Market Report

In its latest report, FMI offers an unbiased analysis of the global video intercom device market, providing historical data and forecast statistics for 2017 to 2027. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (baby monitoring system, handheld device, door/ entrance systems), technology (IP-based, analog-based), vertical (government, residential, commercial, manufacturing/ industrial), and region.

According to the latest FMI reports, based on segmentation, the residential vertical segment followed by the government segment is expected to perform well over the forecast period. Concerns for family and property security is driving the growth of the door/ entrance segment which is expected to significantly contribute to the overall market growth.

Based on region, the video intercom device market in North America will display remarkable growth over the forecast period. This region accounts for a major portion of the target market share, generating a considerable incremental opportunity during this period of observation.

This growth can be attributed to a heightened demand for the target product from the residential sector. North America is closely followed by Eastern Europe in terms of revenue generation owing to the rising popularity of smart video intercom devices.

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Key Segments Covered

Product

• Baby Monitoring System
• Handheld Device
• Door/Entrance System

Technology

• IP-based
• Analog-based

Vertical

• Government
• Residential
• Commercial
• Manufacturing/Industrial

Key Regions Covered

• North America Video Intercom Device market
• Latin America Video Intercom Device market
• Western Europe Video Intercom Device market
• Eastern Europe Video Intercom Device market
• APEJ Video Intercom Device market
• Japan Video Intercom Device market
• MEA Video Intercom Device Market

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

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
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Future Market Insights (FMI) delivers key insights on the Middle East 3D printing materials market in its upcoming outlook titled, “3D Printing Materials Market: Middle East Industry Analysis and Opportunity Assessment, 2015 – 2025”.

According to the report, the Middle East 3D printing materials market is projected to register a CAGR of 16.7% in terms of value during the forecast period 2015-2025; volume-wise, the market is expected to increase at a CAGR of 11.2%.

The setting up of various 3D printing manufacturing units, along with the emergence of many 3D printing technology-based start-ups in the region, is expected to bolster the overall growth of the industrial manufacturing sector in the Middle East.

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Middle East 3D Printing Materials Market Segmentation

The Middle East 3D printing materials market is segmented based on the filament, application, diameter type, and region.

Based on filament type, the market has been segmented into ABS, PLA, HIPS & PVA, Nylon, PET, ceramics, and others. In terms of value, the PLA filament segment was estimated to account for a 22.3% share of the Middle East 3D printing materials market in 2015.

This segment is projected to register a healthy CAGR of 16.7% during the forecast period. The metal filament segment is witnessing significant growth and is expected to record sustainable growth in the near future.

Based on application, the market has been segmented into electronics & consumer, automotive, medical, industrial, education, aerospace, and others. The electronics and consumer application segment is expected to register an impressive CAGR of 12.6% in terms of value.

The adoption rate of 3D printing technology in the manufacturing sector in GCC is around 11%, which is above average when compared to the global adoption rate. Government initiatives to set up 3D manufacturing labs across various sectors, along with increasing awareness among manufacturers regarding operational cost profit, have led to the emergence of many new 3D printing start-ups in the region.

Also, the increasing demand for cost-effective replacement organs in the healthcare sector has led to the increasing adoption of 3D printing technology in healthcare applications. In terms of value, the healthcare industry in GCC is expected to expand at a CAGR of 13.4% during the forecast period. This is expected to create significant demand for 3D printing technology in the region.

Though the Middle East 3D printing materials market is expected to witness impressive growth in the region, the high cost of 3D printing materials along with no uniform design or manufacturing capabilities is a major cause for concern for the increase in overall demand for 3D printing materials.

This report covers trends driving the growth of each segment and offers analysis and insights into the potential of 3D printing materials in all the countries covered in the Middle East.

The market in Levant countries is expected to remain dominant throughout the forecast period. This is primarily due to the presence of some of the international players in the region along with well-established manufacturing sectors in the region. The Levant is mainly driven by Israel and Turkey.

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Middle East 3D Printing Materials Market: Key Companies

Key players in the Middle East 3D printing materials market include 3D Systems, Stratasys Ltd., Beijing Tiertime Technology Co., Ltd., ExOne Co., 3D Filament Manufacturing, Coex LLC, and MatterHackers Inc.

A large number of players operating in the 3D printing materials market are focused on entering into collaborations and partnerships with local distributors and retailers to enhance their market presence in Middle East countries. Moreover, it also enables companies to increase product visibility across the region.

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The surging sales perspectives are attributed to the diverse usage of Sulphur in industries like agriculture, golf courses, professional lawn care, turf, and greenhouses bolstering the growth in the market. The global Sulphur coated urea market is expected to exhibit a stable CAGR of 3.3% with an estimation valued at US$ 1,050.20 Million in 2022 surpassing a valuation of US$ 1,453.0 Million by 2032.

According to Future Market Insights analysis, the Sulphur coated urea market registered a historic CAGR of 3.4% from 2015 to 2021. According to the studies, growth in the market witnessed a slight decline, registering a 3.3% CAGR for the period between 2022 and 2032.

The increased availability of several other coated particles which resulted in stagnant market growth across the forecast period from 2022 to 2032 is expected to propel the demand for Sulphur coated urea market. In addition to that, the market is expected to excel amid a surging number of golf courses globally and increased spending on luxury amenities such as household lawns.

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Key Takeaways

• One of the major key factors propelling the growth is rising concerns regarding sustainability and the urgent need for cost minimization in the agriculture sector. On a regional basis, North America is anticipated to dominate the global Sulphur coated urea market in terms of consumption.
• Attributing to the technological advancements in the agriculture industry and accelerated usage of Sulphur coated urea in agricultural applications, specifically for grain crops is expected to bolster growth in the global market.
• Furthermore, emerging countries in East & South Asia Pacific such as India, Japan, China, and Australia are projected to witness substantial demand for Sulphur coated urea in the coming decade.
• Rising concerns about over-eutrophication, stringent regulations and penalties on conventional fertilizers, product innovations, and increasing technological advancements are expected to fuel the demand in Sulphur coated urea market.
• There is a reasonable surge witnessed in the demand for food production due to the growing popularity along with increased investments in agriculture modernization, especially in emerging economies such as India and China will drive the demand in the market.
• Another crucial key factor bolstering growth in the market is, the shifting focus of farmers in order to increase agriculture yields with profit margins in the agriculture sector. Being a slow-released fertilizer, Sulphur coated urea (SCU) is produced by a thick coating of hot urea with molten Sulphur and then sealed with polyethylene oil or microcrystalline wax.
• Widespread adoption of Sulphur coated urea is witnessed for agriculture applications owing to an economical slow-release nitrogen source compared to other coated materials with low leaching and volatilization losses. On the back of these factors, high demand of Sulphur coated urea is anticipated during the forecast period.
• Key players in the Sulphur coated urea market are developing Sulphur coated urea with lower particle sizes, allowing for their usage on putting greens. These product innovations are further expected to boost the demand for Sulphur coated urea during the forecast period.

Competitive Landscape

Dominant players in the market are focused on heavy investments and innovations for the development of products with improved applications and the introduction of sustainable products in order to minimize carbon footprints. On the other hand, some of the other players are concentrating on capacity expansions in emerging economies to capitalize on expanding their agriculture sector.

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Key Companies Profiled

• Nutrien Ltd.
• J.R. Simplot Chemicals
• Turf Care Supply, LLC
• Israel Chemicals Ltd.
• The Andersons, Inc.
• Everris
• Syngenta AG
• Hanfeng Evergreen
• Yara International ASA
• Haifa Chemicals Ltd.
• Koch industries Inc.
• Luyue Chemical
• Luxi Chemical
• Harrell’s LLC
• PULCU TARIM
• QAFCO
• Others

Sulphur Coated Urea Market Segmentation

By Product Type:

• Wax Sulphur coated Urea
• Polymer Sulphur coated Urea

By Application:

• Agriculture
• Golf Courses
• Professional Lawn and Turf
• Other (Nursery, Green Houses, etc.)

By Region:

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

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More Insights into the Sulphur Coated Urea Market

According to FMI estimations, the U.S. is expected to remain one of the leading consumers of Sulphur coated urea attributed to the rising applications in diverse industries including the residential sector and the agriculture sector among others. The country is predicted to account for about 20%-25% of the global value share in the Sulphur coated urea market.

Emerging economies like China, Japan, and Australia are expected to be the fastest growing Sulphur coated urea market all over the Asia Pacific region owing to the rising preference for luxury amenities such as golf courses, community shades, horticulture, gardens, etc., which is creating a conducive environment for key players in the region.

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Sulphur Bentonite Market:  Demand in the sulphur bentonite market is projected to grow at a CAGR of 5.0% between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to top US$ 197.3 Mn in 2022.

Elemental Sulfur Market: In the forthcoming years, China, India, Japan, the U.S., and Germany are expected to emerge as key producers and exporters in the elemental sulphur market, opines FMI.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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According to FMI’s recent market study, the Driveline additives market is projected to exhibit a CAGR of over 4.5% and reach US$ 12,260.5 Million by the end of the forecast period (2022-2029).

Driveline additives are designed to optimize automotive performance and help reduce energy loss. Driveline additives help ensure the smooth functioning of the drivetrain, and, in turn, enhance hardware life. Extended hardware durability translates directly into increased profitability and returns on investment for everyone in the supply chain.

The employment of stringent emission guidelines around the world and constant requirements for hardware durability are projected to create substantial opportunities for key market players.

“Several driveline additive companies are expanding their footprint in APEJ to benefit from low-cost structures and rising local demand in the automotive industry.”

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Key Takeaways of Driveline Additives Market Study

• The transmission fluid additives segment is witnessing high growth in the global driveline additives market. The rising focus of OEMs on fuel efficiency, along with the growing adoption of innovative technologies such as dual-clutch technology (DCT), is poised to drive demand for transmission fluid additives over the forecast period.
• APEJ is estimated to be the largest market for driveline additives by the end of 2029. The growth of the APEJ market is mainly attributed to rapid industrialization in the region.
• One of the major and emerging trends in the global driveline additives market is the development of high-efficiency and environmentally sustainable (biodegradable oil/additives) additives at a low cost.

Driveline Additives Market: Competitive Landscape

The global driveline additives market is estimated to be highly consolidated, with tier-1 players accounting for nearly half of the market share. Some of the key market players included in the report are The Lubrizol Corporation, BASF SE, and Chevron Oronite Company, LLC, among others.

Manufacturers are striving to gain additional market share in the driveline additives market using strategic expansions, collaborations, and product innovation. In addition, key players are currently focused on investing in new manufacturing facilities and expanding their existing ones in emerging markets to strengthen their market position across the globe.

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Driveline Additives Markey by Category

By Product Type:

• Transmission Fluid Additives
• Gear Oil Additives

By Application:

• Passenger Cars
• Commercial Vehicles
• Off-Highway Vehicles

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• Middle East & Africa

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Find More Valuable Insights on Driveline Additives Market

FMI, in its new research report, offers an unbiased analysis of the global driveline additives market, presenting historical demand data (2014-2021) and forecast statistics for the period of 2022-2029. The study reveals insights into the driveline additives market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the driveline additives market value chain.

Readers can also find key trends and market growth scenarios based on end-use industries and regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA.

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Antimicrobial Additives Market: The overall sales of antimicrobial additives are projected to increase at a healthy CAGR of 8.2 % between 2022 and 2032, totaling a valuation of US$ 27,955.6 Mn by 2032.

Coating Additives Market: The global coating additives market was valued at around US$ 10,613.3 Mn in 2021 and is anticipated to reach US$ 17,724.8 Mn by 2032. Sales in the global coating devices market are witnessing a surge at a CAGR of 4.8% between 2022 and 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
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The global hot melt adhesives market is anticipated to create a lucrative growth opportunity in the global landscape by registering a CAGR of 5.3%. from 2022 to 2032. The market is expected to reach a valuation of US$ 7,562.9 Million by the end of 2022 and is predicted to reach US$ 12,675.7 Million by 2032.

These factors are likely to drive the global hot melt adhesives market in the upcoming decade. As per FMI, the market is estimated to exhibit a CAGR of 5.3% from 2022-2032. Over the historical period, the global hot melt adhesives market witnessed a CAGR of 4.8% between 2014 to 2021.

The manufacturing activities have been reduced and significant reduction has been witnessed in the product capacities, and part-time shifts, as well as the introduction of automated production machinery, let manufacturers improve their market positions.

These aforementioned factors are expected to drive the hot melt adhesives market during the forecast period. Several regulatory bodies including the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA) are expected to take more steps in order to limit the use of solvent-based adhesives which helps in reducing their negative impacts on the environment.

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Key Takeaways

• Renewable resources-based hot-melt adhesives comprise several benefits due to which they are rapidly being replaced by petroleum-based ones. Renewable resources-based hot-melt adhesives are inexpensive and have properties that match or exceed those of polymer-based adhesives. Prominent companies in the market are partnering with local firms to meet the growing demand for bio-based adhesives.
• About two-thirds (60%) of renewable plant-based raw materials composition is extracted from plants. Key leading players are focusing on developing bio-based hot melt adhesives to meet the growing consumer demand and keep up with regulatory compliance. Commencing with the consumer packaging applications including end-of-line and labeling, bio-based hot melt adhesives are expected to gain traction.
• The trend of do-it-yourself (DIY) is gaining momentum in both developed and developing countries. There are a variety of materials and surfaces that can be effectively glued by hot melt adhesive glue such as ceramics, fabrics, paper, cardboard, metals, and plastics, thereby making it ideal for DIY applications and DIY projects.
• DIY being a relatively new term has gained traction across various developed countries such as North America and Europe. Owing to the easy availability of hot melt adhesive pens across these regions would aid growth. In addition to that, in the U.S. and Europe, the cost of labor is higher resulting in higher installation costs. Attributed to this, DIY methods for regular repairs and maintenance are popular in developed countries.
• Hot melt systems are the most cost-effective on the basis of space and personnel requirements. As a result, it is not needed to operate large-scale drying and curing furnaces and pollution control equipment at a high cost. Like solvent-based systems, hot melt adhesives eliminate the need for solvent recovery and incinerators.
• Solvent-free, bio-based melt adhesives are surging in the market from manufacturers of packaging solutions, disposable sanitary products, furniture & woodwork, automotive & transportation, and footwear are projected to drive the hot melt adhesives market.

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Key Companies Profiled:

• Arkema
• Avery Dennison Corporation
• Beardow & Adams (Adhesives) Ltd.
• DOW Inc.
• HB Fuller Company
• Henkel AG & Co. KGaA
• Jowat Se
• Sika AG
• Tex Year Industries Inc.
• Adhesive Direct UK
• Adtek Malaysia SDN BHD
• Buhnen GmbH & Co. Kg
• Cherng Tay Technology Co., Ltd.
• Evonik Industries AG

Competitive Landscape

In order to elevate their annual turnover and fortify their market positions worldwide, leading manufacturers in the market are purchasing small-scale market players. To efficiently meet the rising demand and thrive in the highly competitive market, key participants are also concentrating on mergers and expansion activities.

Hot Melt Adhesives Market Outlook by Category

By Polymer Base:

• Ethylene Vinyl Acetate
• Polyolefin
• Polyamide
• Styrenic Block Copolymers
• Polyurethane (PU)
• Others

By End Use:

• Packaging Solutions
• Disposable Hygiene Products
• Furniture & Woodwork
• Automotive & Transportation
• Footwear
• Textile
• Electronics
• Bookbinding
• Others

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More Insights into the Hot Melt Adhesives Market

The U.S. is anticipated to dominate the global hot melt adhesives market owing to the presence of various dominant manufacturers in the North American region. In addition to that, the increasing adoption of advanced technology in the U.S. would also contribute to the growth in the hot melt adhesives market in the country.

The U.S. packaging industry is expected to be a key driver of market expansion owing to the presence of leading packaging manufacturers in the region.

China is the second largest market in the East Asia hot melt adhesives market attributed to the rapid expansion of various end-use industries. Owing to the rising demand from sectors, including footwear, packaging, disposable hygiene products, textile chemicals, and automotive & transportation, China is projected to showcase considerable growth.

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Polyurethane Adhesives Market: According to Future Market Insights research, during the projected period, the global polyurethane (PU) adhesives market is set to top a valuation of US$ 9.63 Bn in 2022, and further expand at a CAGR of 6.1% during 2022-2032.

Electronics Adhesives Market: Demand for electronics adhesives grew at 7.5% CAGR in the historic growth period during 2016-2020. The electronics adhesives market has seen remarkable growth in Europe and East Asian countries.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
Browse the latest Market Chemicals & Materials Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials