Radar & LiDAR Technology for Railways Application Market to register a CAGR of 9.6% by 2031

By 2031, the market for radar and LiDAR technology used in railway applications is projected to be worth US$4.98 billion. Rising investment in the creation of autonomous railway systems along with rising demand for radar and LiDAR technology sensors in nations like India and Indonesia are projected to propel the market.

Rail applications heavily rely on radar and LiDAR technology. These technologies can be used to track railroad track problems, prevent rail collisions, detect pedestrians, track and regulate trains, among other things. Object detection on the railroad tracks and train traffic control are the two main uses of radar systems. In contrast, surveys are carried out using LiDAR technology sensors to learn more about the railway.

Radar (Radio Detection and Ranging) uses radio waves to detect and determine the range, angle, and velocity of objects. It is commonly used for train detection and train control systems, such as preventing trains from colliding and ensuring safe speeds.

LiDAR (Light Detection and Ranging) uses laser light to measure the distance to an object. LiDAR systems can create high-resolution 3D maps of the surrounding environment, making them useful for railway infrastructure inspections, track surveys, and obstacle detection.

Both Radar and LiDAR have unique advantages and limitations, and the choice between the two depends on the specific application and requirements.

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How will the market be impacted by the growing use of mobile LiDAR systems?
Three different equipment platform types—ground-based stationary, mobile, or aerial—can be used to capture LiDAR data. The best method for gathering data for closed-range applications is to use ground-based LiDAR devices. Mobile LiDAR scanners give comprehensive, precise, and feature-rich data at driving speeds, which is very helpful for tracking train movements while they are moving along tracks.

To run on the track and survey the area around it, a mobile LiDAR device is installed on a car or train locomotive. Because mobile LiDAR can deliver measurements at a rate of up to 1.1 million per second, it is ideal for mapping rail corridors. Consequently, it has emerged as a crucial tool for railways.

Radar & LiDAR Technology for Railways Application Market – Competition Landscape

Companies operating in the market rely on various expansion strategies to increase their penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions and strengthening of regional and global distribution networks. For instance:

In July, 2020, Bosch introduced New LiDAR Sensor. The new sensor can measures the distance between target objects by illuminating them with laser light and measuring the reflected pulses. The LiDAR can detect range of 250 meters and recognize up to 24 objects at the same time. This new sensor used in railways application for the safety purpose.

FMI has profiled the following prominent Radar & LiDAR technology for railways application providers in its report:

  • Radarxense BV
  • Radar Vision
  • Earth Radar Pty Ltd
  • Bosch Mobility Solutions
  • Navtech Radar
  • ELVA-1
  • DEUTA-WERKE GmbH
  • Hupac Intermodal
  • BlackBerry Limited
  • Leica Geosystems AG
  • Trimble Inc.

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Key Segments Covered in the Radar & LiDAR Technology for Railways Application Market

Radar Technology

  • Radar Sensor Modules
    • Speed Measurement Radar Sensors
    • Distance Measurement Radar Sensors
  • Service
    • Integration & Installation Services
    • Support Services

LiDAR Technology

  • Devices
    • Mobile LiDAR Scanners
    • Aerial LiDAR Drones
    • On-board LiDAR Sensors
  • LiDAR Processing & Mapping Software
  • Services
    • LiDAR Survey & Mapping Services
    • Consulting Services
    • Support Services

Application

  • Railway Track Faults Detection
  • Rail Collision
  • Pedestrian Detection
  • Train Tracking & Control
  • Others

Region

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

3.3. Key Success Factors

4. Pricing Analysis

4.1. Pricing Analysis, By Devices of Radar and LiDAR Technology

4.2. Global Average Pricing Analysis Benchmark

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Marine Communication Market is estimated to grow at an exceptional pace with a CAGR of 7.8% to reach ~US$ 9.3 Bn in 2032

The market for maritime communication worldwide is now estimated to be worth $4,420.7 million in 2022, and it is predicted to grow at a CAGR of 7.8% to reach $9,351.4 million in 2032. Globally, the marine communication sector accounts for around 25% of the marine electronics market. Ship-to-ship and ship-to-shore communication can be solved by marine communication. This is crucial for activities involving ship navigation, such as cargo handling and ship operation.

The demand for high-quality, secure, and dependable marine communication products, such as maritime satellite phones and internet devices, automatic identification systems (AIS), vessel monitoring system (VMS) terminals, marine radars, and marine radio devices, is expected to increase due to the need for better connectivity between land and sea operations.

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Key Takeaways: Marine Communication Market

· By product, the marine radio devices segment is anticipated to account for the leading share in the global marine communication market. However, the maritime sat phone & internet devices segment is estimated to grow at a robust CAGR of 10.9% through 2032.

· By application, the adoption of marine communication in recreational vessels segment is anticipated to increase at a CAGR of 10.5% between 2022 & 2032.

· The rise in popularity of recreational boating worldwide is expected to increase the adoption of marine communication systems.

· Among regions, South Asia & Pacific marine communication market is estimated to register high CAGR, owing to the increasing demand of maritime digital data services in the region.

· In Japan, sales are expected to increase at a CAGR of close 11.3% over the next ten years.

“With the advancement in digital data services, marine communication service vendors need to make numerous updates into their pre-existing communication technologies, in order to upgrade the industry and ensure maximum productivity,” says FMI analyst.

The marine communication market refers to the market for communication systems and services that are used in the maritime industry. This includes systems for both ship-to-ship and ship-to-shore communication, as well as satellite and other wireless communication technologies.

The market for marine communication has been growing in recent years, driven by the increasing need for reliable and efficient communication systems in the maritime industry. This is due to factors such as the growing global trade, the increasing number of shipping vessels, and the need for improved safety and security at sea.

The marine communication market is expected to continue to grow in the coming years, driven by the increasing demand for high-speed internet connectivity on ships, the increasing number of cruise ships, and the growing use of autonomous ships. Additionally, the market is expected to be driven by advancements in technology, such as the increasing use of 5G technology, which will provide faster and more reliable communication systems.

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Advent of 5G in Sea Communication and Unmanned Boat to Shape Future Outlook

Internet at sea has become a necessity for yachts with Captains and Electro Technical Officer (ETO’s) carefully considering satellite and mobile data options. With a rise in the number of marine internet service providers, the emergence of 5G in marine industry is growing with significant pace. The advent of 5G has bought major developments in satellite systems. Satellite systems is promising a completely different outlook in terms of offshore connectivity.

Many players in the sector are investing in the launching of satellite constellations into Low Earth Orbit (LEO). Located between 500 km and 2000 km above the Earth’s surface, these satellites fly in coordinated groups and, unlike their predecessors, they are moveable. Moreover, the various tech companies are introducing unmanned boats that is equipped with 5G Continuing Professional Education (CPE) terminal and 360-degree 4K camera, pushing real-time images and videos of ocean and river for monitoring water quality through fast speed 5G network. The camera could capture the water environment in areas where are inaccessible to human eyes and the small speaker installed on the hull could convey pre-recorded messages to people around.

For instance, in April 2019, ZTE Corporation and China Mobile have jointly launched “Heweitong”, a marine broadband satellite solution that seamlessly extends the mobile network to the ocean, creating a new era of marine communication.

Marine Communication Outlook By Category

By Product, Marine Communication Demand is segmented as:

  • Marine Radio Devices
    • Fixed-Mount VHF Marine Radios
    • Handheld Marine VHF Radios
    • MF/HF Radios
  • Marine Multifunction Displays (MFDs)
  • Automatic Identification Systems (AIS)
    • AIS Transponders
    • AIS Receivers
  • Vessel Monitoring System (VMS) Terminals
  • Marine Radars
  • VHF Data Exchange System (VDES)
  • Maritime Sat Phone & Internet Devices
  • Others

By Service, Marine Communication Outlook is segmented as:

  • Consulting Services
  • Integration & Installation Services
  • After-Sales Support & Maintenance Services

By Application, Marine Communication Outlook is segmented as:

  • Fishing Boats/Vessels
  • Merchant Ships
  • Recreational Vessels
  • Working Vessels
  • Others

By Region, Marine Communication Sales is segmented as:

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Semiconductor Wafers Market to reach a valuation of US$ 31.41 Bn by 2030 | Future Market Insights, Inc.

The semiconductor wafer market refers to the industry involved in the production of thin disks of semiconducting material, such as silicon, used to fabricate integrated circuits (ICs) and other microelectronic devices. Semiconductor wafers serve as the foundation for the microchips that power a wide range of electronic devices, including smartphones, laptops, and servers. The market is driven by the increasing demand for electronic devices and the growth of the internet of things (IoT) and artificial intelligence (AI) industries. Key players in the market include Samsung, TSMC, Intel, GlobalWafers, and SUMCO.

The global market for semiconductor wafers is currently valued at US$ 20.19 billion and is expected to grow at a CAGR of 5.7% to reach US$ 31.41 billion by the end of 2030. In 2021, sales of semiconductor wafers represented 12% of the worldwide semiconductor market. The semiconductor wafer, which continues to be a crucial component of many microelectronic devices, is said to be the foundation of the electronics industry by Future Market Insights. Numerous devices use electronic mobility and digitization as they are the two dominant technical developments at the moment.

Competitive Landscape

Prominent vendors of semiconductor wafers rely on a combination of strategies, ranging from technological advancements, product launches, and collaborations to expansion of manufacturing & research capacities to penetrate a wider customer base.

For instance,

  • In August 2020, Applied Materials Inc. launched the SYM3® Y Etch System for application across the 3D NAND, DRAM, and foundry-logic nodes. The device leverages innovative radiofrequency pulsing technology to provide extremely high material selectivity, depth control, and profile control.

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Key Companies Profiled

  • Applied Materials Inc.
  • ASM International
  • Nikon Corporation
  • Hitachi High-Technologies Corporation
  • ASML Holding N.V.
  • Tokyo Electron Limited
  • KLA Corporation
  • Lam Research Corporation
  • Global Foundries
  • Global Wafers
  • Siltronics
  • Sumco

The Semiconductor Wafers market refers to the industry that produces and sells semiconductor wafers, which are the base material used in the manufacture of semiconductor devices, such as integrated circuits (ICs) and microprocessors. Semiconductor wafers are made from a variety of materials, including silicon, gallium nitride, and silicon carbide. These wafers are then used to manufacture a wide range of devices, including transistors, diodes, and solar cells, among others. The market for semiconductor wafers has grown rapidly in recent years due to the increasing demand for semiconductor devices in a variety of applications, including consumer electronics, automotive, and telecommunications.

The semiconductor wafers market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into silicon, silicon on insulator, germanium, and others. On the basis of application, the market is segmented into electronics, automotive, aerospace, energy, and others. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The key players in the Semiconductor Wafers market include the major players such as Shin-Etsu Chemical Co., Ltd, Sumco Corporation, Siltronic AG, SK Siltron, and many others.

The market is expected to continue growing in the coming years due to the increasing demand for advanced semiconductor devices, rising adoption of IoT and connected devices and expanding applications of semiconductors in various fields such as automotive, healthcare, and renewable energy .

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Semiconductor Wafers Industry Survey

Semiconductor Wafers Market by Wafer Size:

  • Less than 150 mm Semiconductor Wafers
  • 150 to 200 mm Semiconductor Wafers
  • More than 200 mm Semiconductor Wafers

Semiconductor Wafers Market by Application:

  • Automotive
  • Consumer Electronics
  • Industrial Manufacturing
  • Telecommunications
  • Others

Semiconductor Wafers Market by Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting Market

3.2. Innovation & Development Trends

3.3. Key Success Factors

4. Pricing Analysis

4.1. Average Pricing Analysis

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

Book Publishers Market is Predicted to Expand at a Slow CAGR of About 3.9% from 2023 to 2033

The global book publishers market is predicted to expand at a slow CAGR of about 3.9% from 2023 to 2033. The target market will reach an evaluation of US$ 141.7 billion by 2033 as opposed to US$ 96.1 billion in 2023. Factors such as expanding e-commerce and online retail channels along with high demand for all types of books are responsible for the growth of the book publisher market in the forecast period.

E-commerce giants like eBay and Amazon have established easy and convenient platforms for people to buy and sell books. In addition to this, the penetration of online book clubs and communities, the advancement of offline business, and partnerships between leading book publishers and local booksellers will further drive the book publishers market.

Recent years have witnessed a surge in the number of book and reading enthusiasts that has propelled the demand for several types of books including educational, fictional, non-fictional, and many others. This has resulted in higher sales of books among a large part of the global population. Further, booking reading is also taken up by more and more people across the globe as a part of their relaxation routine or just as a hobby.

These factors are expected to aid the expansion of the book publishers market size. Again, reading also helps in building social connections, both online and offline which promotes social mobility. It also helps with overall mental well-being. These aspects are pushing people towards reading which, in turn, improves the sales prospect of the book publishers market.

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Increasing demand for books among the millennial and Gen-Z population will also contribute to the global growth of the book publishers market. The younger generations are picking up reading as a hobby or as a part of their routine which is expected to amplify the global demand for books and contribute to the growth of the book publishers market.

Moreover, the growing popularity and rapid adoption of the print-on-demand (POD) business model will open new avenues of growth for the market. The POD model refers to the printing of a book or a journal only after an order is secured. This process saves investment and avoids the hassle of inventory management which prompts its rising adoption across various businesses. Where these factors aid the growth of the book publishers market, increasing copyright infringement will likely stymie the growth of the market.

Key Takeaways:

  • Increasing internet usage has resulted in illegal file sharing and a higher piracy rate. The consequent copyright infringement affects both the publishers’ interests and the viability of companies which acts as an impediment to market growth.
  • The book publishers market in the US will grow at a 2.0% CAGR, driven by innovative growth strategies adopted by book publishers of the country.
  • Germany accounted for a 21% share of the European book publisher market in 2021 and the market in this country will continue to grow during the forecast period owing to increasing reading enthusiasts.
  • By book type, the fiction segment held 23.4% of the market share in 2022 and will continue to dominate the global marketplace.
  • Based on sales channels, the local bookshops and specialty stores accounted for 32.4% market revenue share in 2022.

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Competitive Landscape 

In a competitive environment, market players are concentrating on employing various business and marketing strategies. A significant portion of market players deploy three primary steps to retain relevancy and these are cost leadership, differentiation focus, and cost focus.

Harper Collins Publishers, MacMillan publishers, IDW Publishing, MARVEL, Pearson, Morris Publishing, Penguin Random House, Scholastic Inc., and Houghton Mifflin Harcourt, among others, are some of the significant players in the book publishers market profiled in the full version of the report.

More Insights Into Book Publishers Market 

FMI offers an unbiased analysis of the global book publishers market in its latest report, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. This report further offers insight into market drivers, restraints, trends, and opportunities. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of type, sales channel, and region.

As per FMI estimations, based on segmentation, the fiction books segment will likely continue to dominate the international market space. These are the most interesting and popular books among readers. In terms of sales channels, the local bookshops and specialty stores will account for a significant portion of the market revenue. Based on country, the US will present considerable growth in the book publishers market. The target market is primarily driven by the strong presence of independent publishers, increasing demand for comics, and strategies employed by market players. Germany and India will also contribute to the global growth of the book publishers market.

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Global Book Publishers Market by Category

By Books Type:

  • Cookbooks
  • History
  • Science Friction & Fantasy
  • Religion & Inspiration
  • Fiction
  • Mystery
  • Romance
  • Others (Horror, Comic, Biographies etc.)

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarket/Supermarket
  • Multi Branded Stores
  • Independent Small Stores
  • Online Retailer

By Region:

  • Supermarket/Hypermarket
  • Retail Shops
  • Specialty Stores
  • Online Retailers
  • Other Sales Channel

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.

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Bluetooth Hearing Aids Market is Projected to Reach at a US$ 2.2 Billion in 2023 And US$ 5.1 Billion by 2033

The worldwide market for Bluetooth hearing aids is projected to amass a revenue of US$ 5.1 billion by 2033, driven by a robust CAGR of 8.8% from 2023 to 2033. The Bluetooth hearing aids market will further achieve a valuation of US$ 2.2 billion in 2023. Continuous improvements in technology, shifting consumer needs, and advantages associated with Bluetooth hearing aids will abet the growth of the market during the projection period. Advancements in audio-logical devices have resulted in the introduction of Bluetooth hearing aids.

The progressive technology of these devices ensures compatibility with various systems, is water resistant, and can be found in compact sizes with greater sound clarity. These aspects bolster the demand for Bluetooth hearing aids.

Historically, the Bluetooth hearing aids market recorded a CAGR of about 7.5% from 2018 to 2022 and is expected to grow rapidly during the forecast period. This growth can be attributed to the increasing demand for invisible and water-resistant hearing aids as a result of greater participation in various leisure activities. Due to these consumer needs, manufacturers are compelled to incorporate novel and innovative features into these wireless hearing aids which, in turn, creates lucrative opportunities for the overall market. Additionally, an upsurge in demand for smart devices as opposed to conventional ones is expected to augur well for the Bluetooth hearing aid market.

Find a comprehensive report summary that describes the market size and forecast along with the research methodology. The Sample report is available in PDF format

Recent years have witnessed the integration of artificial intelligence (AI) into hearing aid technology. The use of AI has enabled manufacturers to offer a plethora of novel features to consumers. Hearing aids that are empowered by AI have the ability to sense the user’s surroundings and learn which noise the user wants to focus on while also blocking out any unpleasant background noises. This trend has opened up enormous potential within the Bluetooth hearing aids market. However, factors like the high buzzing and amplification pose a major concern for the market and will likely hinder its overall growth in the following decade.

Key Takeaways:

  • The United States of America will account for 14.2% of the global Bluetooth hearing aids market share in 2033.
  • The Bluetooth hearing aids market in China will register a 10% CAGR owing to high demand from the older section of the population.
  • By product type, the behind-the-ear segment will hold the largest portion- 34.3% of the market share in the assessment period.
  • Based on the sales channel, the online retail segment will gain rapid traction owing to the convenience offered by the category.

Competitive Landscape

Starkey Laboratories Inc., GN Resound, Union Hearing Aid, Beltone, Siemens Healthcare, Union Hearing Aid, and Eartone Hearing Aid, among others, are some of the dominant participants in the Bluetooth hearing aids market profiled in the full version of the report.

In a competitive market, significant players are concentrating on product innovation, development, and the launch of these novel products. These businesses also employ tactics to strengthen their e-commerce presence and also outsource their manufacturing to gain a competitive advantage. In recent developments, Starkey Laboratories Inc., launched Livio AI, a behind-the-ear hearing aid that is empowered by AI to provide better sound quality.

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Global Bluetooth Hearing Aids Market by Category

By Product Type:

  • In-the-Ear Hearing Aids (ITE)
  • In-the-Canal Hearing Aids (ITC)
  • Behind-the-Ear Hearing Aids (BTE)
  • Completely-in-the-Canal Hearing Aids (CIC)
  • Receiver-in-the-Ear Hearing Aids (RIE)

By Application:

  • Hospitals
  • Clinics/ Medical Centers
  • Individual

By End Users:

  • Adults
  • Kids

By Sales Channel:

  • Wholesalers/ Distributors
  • Online Retailers
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarkets/ Supermarkets
  • ENT Clinics & Audiology Centers
  • Other Sales Channel

By Region:

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

More Insights Into Bluetooth Hearing Aids Market

FMI delivers an impartial and honest analysis of the global Bluetooth hearing aids market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. The market report presents an analysis of the market drivers, opportunities, challenges, and trends. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, application, end-user, sales channel, and region.

According to FMI estimations, based on segmentation, the adult user will generate higher demand for the Bluetooth hearing aids market. This is due to a surge in hearing disabilities among adults. In terms of the product type, the behind-the-year segment will account for 34.3% of the market share due to better wireless connectivity and other benefits offered by this type. Based on the country, the Bluetooth hearing aids market in the United States of America will exhibit notable growth. It is projected that the market in this country will account for about 14.2% of the overall market share by 2033. Increasing investments in research efforts and a high standard of life will push the market to grow at a CAGR of 3.9% in this country. China and Germany are two other countries that will significantly aid the growth of the Bluetooth hearing aids market.

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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
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Gaming Monitors Market likely to surge at a vigorous 6.6% CAGR during the assessment period 2030

The gaming monitor market refers to the segment of the computer monitor industry that caters specifically to gamers. These monitors typically offer fast refresh rates, low input lag, and improved color accuracy, providing an enhanced gaming experience. Additionally, gaming monitors often feature unique design elements, such as slim bezels and RGB lighting, to appeal to gamers’ aesthetics.

The market is driven by the increasing popularity of PC and console gaming, as well as the rise of e-sports and live streaming. Key players in the market include ASUS, Acer, AOC, Dell, and Samsung. The global gaming monitors market stands at a valuation of US$ 9.28 Bn, and is predicted to expand rapidly at a CAGR of 6.6% from 2022 to 2030, reaching US$ 15.44 Bn by the end of 2030.

Sales of gaming monitors accounted for 15% share of the global monitor market in 2021. Gaming has been enjoying the limelight for the last few years and this has directly affected the global gaming monitor market. The market is exhibiting impressive growth in gaming integration, spurred by advanced monitoring features introduced by some of the leading market players.

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List Of Key Players Covered in the Gaming Monitors Market are:

  • Samsung Electronics Co. Ltd.
  • Dell Inc.
  • AOC Systems Incorporated
  • LG Electronics
  • Lenovo Group Limited
  • Acer Inc.
  • MICRO-STAR INTERNATIONAL CO. LTD.
  • Qisda Corporation
  • SCEPTRE Inc.
  • ViewSonic Corporation
  • Gigabyte Technology

Competitive Landscape:

Players are also engaging in mergers and acquisitions to collaborate and invest in developing regions with the motive to expand their consumer base, advance their business, and enhance product offerings.

The gaming monitors market is extremely competitive. Key players are focusing on launching new products and solutions more frequently. The shift of manufacturers towards an approach that enhances customer base as well as diversifies their product offerings is projected to propel the growth.

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KEY TAKEAWAYS FROM THE GAMING MONITORS MARKET

  • Increasing E-sports championships, gaming events and game developing companies will affect the adoption of gaming monitors, giving it a boost commercially
  • The gaming monitors market is expected to grow at a CAGR of 6.6% during the forecast period of 2022-2030
  • Consumers from the ages of 18 to 35 years are expected to be the dominant consumer in the market
  • Double the increase in market value of the 27-32 inches screen size sub segment is expected by 2030
  • The consumer end-use segment is expected to continue its dominance over the forecast period with almost 75% shares in the gaming monitors market

Improvements to Offer Better Connectivity Aiding Growth

Monitors are increasingly being made with full support for HDMI ports, DisplayPort, USB-C standard, a cable, and connector specification that have made connectivity simpler. This support has helped in eliminating the need for trouble prone and costly desktop docking stations. It also has reduced the number of connector cables needed and turn monitors into USB hubs. Many monitors also include Thunderbolt 3 ports such as downstream and upstream to provide a single-cable solution for data transfers and charging. USB-C can offer more reliability and less clutter, thus most of the players have started offering support for connections such as Thunderbolt 3 for better connectivity.”

“While several other markets seem to struggling amid COVID-19 outbreak, gaming monitors’ producers are likely to enjoy improved prospects. With consumers choosing to spend their maximum time indoors to avoid contracting the virus, their interest in online sports and gaming have surged. Most market players are expected to capitalize on this opportunity to strengthen their footprint in the coming years,” said a lead analyst at FMI.

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WHO IS WINNING?

Some of the key players of the gaming monitors market are ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., HP, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited and Acer Inc.

The gaming monitors market is a rapidly changing and competitive market. Companies continually work to create newer designs and better technology. The companies are partaking in collaborations and partnerships to enhance their products and broaden their audience. Europe and North America are important markets, holding 50% of the global gaming monitors market share.

Detailed Table of Content:

  • Executive Summary
    • Global Market Outlook
    • Demand Side Trends
    • Supply Side Trends
    • Analysis and Recommendations
  • Market Overview
    • Market Coverage / Taxonomy
    • Market Definition / Scope / Limitations
  • Key Market Trends
    • Key Trends Impacting the Market
    • Display Technology Innovation / Development Trends
    • Key Success Factors
  • Gaming Monitors – Pricing Analysis
    • Pricing Analysis, By Product
    • Average Pricing Analysis Benchmark
  • COVID-19 Pandemic Crisis Impact Analysis
    • Impact of COVID-19 Pandemic Crisis on Gaming Monitors Market
      • Pre-COVID-19 Growth Analysis (2017-2021)
      • Post-COVID-19 Impact Analysis (2022 & beyond)
    • Expected Recovery Scenario (Short-term / Mid-term / Long-term)
    • Key Action Points for Gaming Monitors Vendors

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Display Technology Innovation / Development Trends

3.3. Key Success Factors

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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T: +1-845-579-5705
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Automotive Semiconductor market is forecasted at US$ 94.99 Bn by 2030 at a CAGR of 7.1%

The global automotive semiconductor industry is currently valued at $54.9 billion and is expected to reach $94.99 billion by the end of 2030. From 2022 to 2030, semiconductor shipments for the automotive industry are anticipated to grow at a CAGR of 7.1%. Vehicle semiconductor suppliers around the world should benefit from the growing use of electronic components in the automotive sector. Future sales of electric car chips are also anticipated to be boosted by the rapidly increasing popularity of electric automobiles.

Automotive semiconductors are electronic components that are used in the automotive industry to control and power various systems in vehicles. These semiconductors include microprocessors, memory chips, and power management devices. They are used in a wide range of applications such as engine management, infotainment systems, advanced driver-assistance systems (ADAS), and electric and hybrid vehicles. The automotive semiconductor market is driven by increasing demand for advanced features in vehicles such as autonomous driving and connected car technology.

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Automotive Semiconductor Consumption Analysis (2015–2021) Compared to Industry Forecasts (2022 to 2030)
The rate of technological advancement in the automotive sector has significantly grown recently, and this trend is anticipated to continue unabated during the projection period. The demand for semiconductor production has increased as a result of semiconductors being at the forefront of the technological change of the automotive industry.

Competitive Landscape

Automotive semiconductor suppliers are focusing on the expansion of their production and manufacturing capacities to meet the increasing demand for automobile computer chips across the world. Top automotive semiconductor companies are also adopting various strategies to boost their sales potential and market presence on a global level.

  • In September 2021, Infineon Technologies AG, a leading name in semiconductor manufacturing, announced the opening of its new chip factory for power electronics in Villach, Austria. The factory is one of the largest investments made by the company in Europe, with the site being constructed at a whopping cost of US$ 1.67 Bn.

Key Companies Profiled

  • Intel Corporation
  • Samsung Semiconductors
  • NXP Semiconductors
  • NVIDIA Corporation
  • Broadcom Inc. (AVGO)
  • Texas Instruments Inc. (TXN)
  • Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
  • Qualcomm Inc. (QCOM)
  • Micron Technology Inc. (MU)
  • ASE Technology Holding Co. Ltd. (ASX)

The market is also driven by stricter emissions regulations and the increasing number of electric and hybrid vehicles on the road. Some major players in the automotive semiconductor market include NXP Semiconductors, Infineon Technologies, Texas Instruments and Renesas Electronics.

The automotive semiconductor market refers to the industry that produces and sells semiconductors specifically for use in the automotive industry. These semiconductors are used in a wide range of applications such as engine management, infotainment systems, advanced driver-assistance systems (ADAS), and electric and hybrid vehicles. The market is driven by the increasing demand for advanced features in vehicles such as autonomous driving, connected car technology and electric vehicles. Additionally, stricter emissions regulations and the increasing number of electric and hybrid vehicles on the road also drive the market growth.

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Key Segments of Automotive Semiconductor Industry Survey

Automotive Semiconductor Market by Component:

  • Micro Components (Processors)
  • Memory Devices
  • Logic
  • Optical & Sensors
  • Analog ICs
  • Discrete Devices

Automotive Semiconductor Market by Vehicle Type:

  • Automotive Semiconductors for Passenger Vehicles
  • Automotive Semiconductors for Light Commercial Vehicles
  • Automotive Semiconductors for Heavy Commercial Vehicles

Automotive Semiconductor Market by Application:

  • Body
  • Safety
  • Telematics & Infotainment
  • Power Trains
  • Chassis

Automotive Semiconductor Market by Region:

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

Table of Content

 1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

    2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

    3. Key Market Trends

3.1. Key Trends Impacting Market

3.2. Innovation & Development Trends

3.3. Key Success Factors

    4. Pricing Analysis

4.1. Average Pricing Analysis

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

 

EV Thermal System Market to Hit US$ 2,243.7 million in 2023 | Future Market Insights, Inc.

The market demand for battery thermal systems of electric vehicles was estimated at US$ 1,059.7 million in 2018, which registered a CAGR of 14.8% from 2018 to 2022. In the present year 2023, the overall valuation of the global EV thermal system market size is anticipated to be around US$ 2,243.7 million. As per the analysis report, the market is expected to register a CAGR of 21.4% to reach a valuation of US$ 15,600.9 million by the conclusion of this forecast period.

The main driver fueling the expansion of the thermal system for the EVs market is the rising popularity of zero-emission cars in various parts of the world. Sales of EVs have increased significantly in nations like China, Norway, and the United States, establishing an advanced EV thermal system market.

The need for electric-powered automobiles has compelled manufacturers to create better heat management technologies, as the use of heat has been eliminated. Rapid charging technologies and battery size reduction are anticipated to increase the sales of EVs, indirectly driving the sales of EV thermal systems. Moreover, the growth in demand for EV thermal systems is probably going to be supported by technical developments in the area of battery heat management.

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Key Takeaways

  • The United States captures a total market share of 10.8% of the revenue and leads the global market through higher investment in research and development.
  • Germany is the second leading market in the world for sales of EV thermal systems and sets the trend in Europe. The German EV thermal system market is projected to reach US$ 1,240 million by the end of the year 2033.
  • In Asia Pacific, India is witnessing a higher growth trend with an upsurge in sales of electric vehicles in the country. During the forecast years, the CAGR to be registered by the country is about 22.8%.

Competitive Landscape

Borg Warner Inc., Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, Robert Bosch GmbH, Mahle GmbH, VOSS Automotive GmbH, Modine Manufacturing Company, Gentherm, CapTherm Systems, LG Chem Ltd., Visteon Corporation are a few key players in the global EV thermal system market.

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Recent Developments in the EV Thermal System Industry

  • In May 2022, Modine Company unveiled its brand-new EVantage Series of thermal systems for commercial electric vehicles. This system concentrates on enhancing the safety, range, and battery life of industrial EVs. For all loads, the system maintains traction motor and power electronics cooling.
  • In May 2022, Eberspaecher Company introduced its brand-new H2-ICE thermal exhaust system for hydrogen fuel electric vehicles (FCEVs). This new exhaust system guarantees the appropriate operation of the entire system, while taking into account the particular needs of this fuel. This would keep an eye on rules governing exhaust gases, including NO2, contaminants, and unburned hydrocarbons generated by the hydrogen FUEL engine.
  • in February 2022, BorgWarner Inc. declared that the company had supplied the iX and i4 with fully electric architectures for the BMW Group. With this ground-breaking High-Voltage Coolant Heater (HVCH) solution, the company would aid in the management of the battery and cabin temperature, increasing the EV’s longevity and driving range.
  • The Denso Company said that they have created a brand-new battery-monitoring integrated circuit (IC) for lithium-ion batteries in the year 2020. This new IC increases fuel economy and increases the range of HEVs and BEVs both. Detecting voltage levels while keeping an eye on many batteries is also helpful, consequently growing the market portfolio of the organizations.

Key Segments

By System Type:

  • Heating Ventilation and Air Conditioning (HVAC)
  • Power Train Cooling
  • Fluid Transport
  • Others

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By Vehicle Type:

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Application:

  • Engine Cooling
  • Air Conditioning
  • Heated Steering
  • Waste Heat Recovery
  • Transmission System
  • Heated or Ventilated Seats
  • Others

By Region:

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

About Future Market Insights (FMI) 

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:

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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3D Glasses Market size is assessed to be US$ 22.23 billion in 2033 | Future Market Insights, Inc.

The 3D glasses market size is anticipated to be worth US$ 14.81 billion in 2023 and US$ 22.23 billion by 2033. The demand for 3D glasses is expected to grow at a CAGR of 4.16% during the forecast period. 

The increasing use of 3D glasses in the military, healthcare industry, educational sector, and entertainment industry are the key aspects that are anticipated to positively affect the market’s growth. Healthcare is one of the greatest users of 3D glasses due to its many applications, including robotic surgery, phobia treatment, and surgery simulation. Additionally, 3D glasses provide data from MRI scans that are substantially more accurate. As a result, it is predicted that throughout the forecast period, the exponentially rising use of 3D virtual reality glasses in the healthcare industry will likely increase sales of 3D glasses. 

The demand for 3D movie glasses is rising, which is causing the industry to grow quickly. High-end, customized 3D glasses are in high demand as a result of the success of 3D movies. The transforming trends in home theatre technology are also having an impact on the market for 3D glasses. Consumers are prepared to pay more for 3D eyewear to enhance their experience.

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One trend that is projected to have a significant impact on the market for 3D glasses in the future is the rising use of virtual reality (VR) technology. VR headsets are becoming more and more popular, and many gamers and other tech-savvy consumers agree that they represent the future of entertainment. People may appreciate more immersive VR experiences over conventional 2D TV and other media as a result of this. 

The ability to utilize 3D glasses to study the geography and history of important places in different nations without needing to visit there is encouraging educational sectors to adopt the use of 3D glasses for better learning. The increase in smartphone usage is a crucial component in the market’s growth because smartphones and the less expensive 3D glasses may be connected simply. Additionally, the wearer’s mobility is safeguarded by the glasses’ interoperability with smartphones. 

Key Takeaways from the 3D Glasses Market: 

  • The active shutter category is expected to dominate since it is used to watch consumer 3D TVs and 3D projectors and generates a 3D effect for an image when used with 3D glasses. 
  • By application, it is projected that the smartphone segment share would be the highest during the forecast period. 
  • In 2021, the market for 3D glasses in the US exceeded US$ 3.1 Bn. The United States also has a strong culture of innovation and early adoption of new technology, which has influenced the high demand for 3D glasses in the nation. 
  • Germany is anticipated to expand within Europe at a rate of about 3.7% CAGR in the market for 3D glasses due to the presence of game enthusiasts and the adoption of 3D TVs for gaming. 
  • The second-largest economy in the world, China, is anticipated to grow at a CAGR of 3.6%.  
  • The existence of active companies in South Korea is expected to accelerate the region’s market growth. 

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Recent Developments in the Industry: 

  • IQH3D stated in December 2021 that its glasses-free 3D goods would make their world debut at CES Las Vegas 2022 in booth #19274. A new generation of 3D devices has been developed by IQH3D through research and development of Glasses-free 3D products and cutting-edge software applications that will be on display. 
  • Facebook Inc. and Ray-Ban debuted their first pair of smart glasses, dubbed “Ray-Ban Stories,” in September 2021. 

Segments Covered in the Report

By Type:

  • Anaglyph 3D Glasses
  • Polarized 3D Glasses
  • Active Shutter 3D Glasses

By Application:

  • Smartphone
  • Wearable Device
  • Televisions
  • Virtual Reality Headsets
  • Others

By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-16002

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

 

Autonomous Vehicles Market to surpass US$ 99,451 Million by 2032 | Report by Future Market Insights, Inc.

The global autonomous vehicle market is expected to reach US$ 99,451 Million by 2032, exhibiting a prolific CAGR of 10.9% for the forecast period of 2022 to 2032. Autonomous vehicle market is anticipated to reach an estimated US$ 35,282.8 Million by the end of 2022.

Advancing government funding and investment along with a favorable regulatory framework are fostering a positive market environment for autonomous vehicles over the forecast period.

Autonomous vehicles are self-driving cars that can be controlled by a computer system. These vehicles are yet to be commercialized and include a GPS tracker, lasers, computer vision, and other smart technology that aids it driverless status.

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With increasing sustainability drives and changing consumer preferences, more and more people are showing inclination for autonomous vehicles over the conventional ones. This is owing to the benefits associated with autonomous vehicles like fuel efficiency, greater safety, low emissions and many others. Thus, the future market prospects of autonomous vehicles look positive.

The rising adoption of autonomous vehicles is presumably because of the diminished impact on the environment as it carbon emission levels of these vehicles is very low. In addition to this, autonomous vehicles also offer better parking solutions, greater safety which lessens the stress level while driving as well as being fuel efficient. Autonomous vehicles reduce the incidences of road accidents occurring due to human error. Thus, these vehicles are safer than the manually operated ones.

Moreover, the commercialization of autonomous vehicles is expected to generate market opportunities for other industry verticals like electronics, IT, and technology.

“The introduction of robo-taxis, ride-sharing and other commercial activities are expected to promote the market prospects for autonomous vehicles over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Integration of advancing technologies is likely to foster market growth.
  • Data security concerns may hinder market possibilities over the assessment period.
  • Europe is expected to lead the market with ownership of almost 38% market share.
  • Autonomous vehicle market in North America is the second largest, accounting for 25% market share.
  • By application, the passenger car segment is predicted to record the fastest growth.

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Competitive Landscape

Google LLC, BMW AG, Mercedes-Benz, Tesla Motors, and Audi AG among others are some of the major players in the autonomous vehicle market profiled in the full version of the report.

Major market players are focusing on developing their autonomous driving technology. These organizations are also engaging in strategic partnerships, collaborations, and mergers to maintain a competitive advantage.

Key Segments Covered in the Autonomous Vehicles Industry Analysis

Autonomous Vehicles Market by Level of Automation:

  • Driver Assistance
  • Partial Automation
  • Conditional Automation
  • High Automation
  • Full Automation

Autonomous Vehicles Market by Application:

  • Autonomous Passenger Cars
  • Autonomous Public Transportation
  • Autonomous Industrial Fleet
  • Autonomous Construction
  • Autonomous Agricultural Applications

Autonomous Vehicles Market by Region:

  • North America Autonomous Vehicles Market
  • Latin America Autonomous Vehicles Market
  • Europe Autonomous Vehicles Market
  • East Asia Autonomous Vehicles Market
  • South Asia Autonomous Vehicles Market
  • Oceania Autonomous Vehicles Market
  • Middle East & Africa Autonomous Vehicles Market

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More Insights into the Autonomous Vehicles Market Report

In its latest report, FMI offers an unbiased analysis of the global autonomous vehicle market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on level of automation (driver assistance, partial automation, conditional automation, high automation, full automation), application (autonomous passenger cars, autonomous public transport, autonomous industrial fleet, autonomous construction, autonomous agricultural application) and region.

According to the latest FMI reports, based on region, autonomous vehicle market in Europe is predicted to retain its lead over the forecast period. This region is expected to account for around 38% of market share. The availability of a plethora of market opportunities due to the rapidly advancing technology sector as well as surging investments in research and development activities are accountable for the growth of the market in this region.

The autonomous vehicles market in North America is right behind Europe, accounting for almost 25% of market share. The increasing development in the mobility as a service sector is likely to prompt the market growth in this region. In addition, favorable traffic regulations in the U.S as well as easy adoption of technological advancements in this country further propels regional market growth.

The Asia Pacific’s autonomous vehicles market is also predicted to witness considerable growth in the forecast period. An upsurge in the demand for safe, sustainable and convenient driving experience is the primary factor fueling the regional market growth. Strict road safety regulation in countries like India and China also bode well for the market in this region.

Based on segmentation, by application type, the public transport segment is likely to account for a major portion of the global market share whereas the passenger car segment will register the fastest growth over the forecast period.

About Future Market Insights (FMI) 

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:

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