Market Research Blog – Page 9323 – New Product Development

Smoke and Carbon Monoxide Alarm Market to Hit US$ 5.38 billion by 2032

The smoke and carbon monoxide alarms market size is anticipated to expand at a moderate CAGR of 8.8%. The global market is expected to generate US$ 2.52 billion in revenue in 2022, and US$ 5.38 billion by the end of 2032.

Global Smoke and Carbon Monoxide Alarm Market: Overview

Increasing man-made accidents in industries and companies has created an intensified need of safety devices such as smoke and carbon monoxide alarms. Smoke and carbon monoxide alarm generate an audible or visual warning after detection of smoke or carbon monoxide. Most of the industries, corporates and residential areas are principally engaged in installing smoke and carbon monoxide alarm in the building infrastructure for ensuring safety of buildings. The smoke and carbon monoxide alarms are witnessing a significant growth in the residential as well as commercial segment due to increasing public awareness towards infrastructural safety.

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Global Smoke and Carbon Monoxide Alarm Market: Market Dynamics

Drivers for Smoke and Carbon Monoxide Alarm Market

Rise in government initiatives regarding fire safety awareness and technological advancements in smoke and carbon monoxide alarms are the key drivers positively influencing the growth of the smoke and carbon monoxide alarm market. Increasing spending on infrastructural safety of commercial segment is propelling the growth of the market. On other hand, rise in disposable income in Asia Pacific region and MEA is increasing installation of smoke and carbon monoxide alarms in the residencies are some of the factors expanding the demand of the products in market during the forecast period.

Trends for Smoke and Carbon Monoxide Alarm Market

Continuous innovation and features addition such as temperature sensor, and high battery backup in the product and other features addition in smoke and carbon monoxide alarm are key trend adopted by the smoke and carbon monoxide alarm market players.

Opportunities for Smoke and Carbon Monoxide Alarm Market

Increasing e-commerce penetration in the developing countries and rise in promotional activities by the manufactures is expected to positively influence the sales of the smoke and carbon monoxide alarm market during the forecast period. Moreover, increasing urbanization, smart city projects as well as expanding spending on mall infrastructure in the developing countries such as India, Brazil, Mexico, and others is expected to register new growth opportunities for the smoke and carbon monoxide alarm vendors during the forecast period.

Challenges for Smoke and Carbon Monoxide Alarm Market

However, high cost of replacement of traditional smoke and carbon monoxide alarm with advanced may hamper the growth of smoke and carbon monoxide alarm market.

Global Smoke and Carbon Monoxide Alarm Market: Key Players

Some of the key players operating in the global smoke and carbon monoxide alarm market are Kidde, Google Nest, FireX, FireAlert, Public Service Enterprise Group Incorporated, Onelink, Berkshire Hathaway, Safewire, Rishil Worls, Myalarmcenter, Vivint, Protect America, ADT Security Services, and Defenders among others. These players are expected to positively influence growth of the smoke and carbon monoxide alarm market during the forecast period.

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Smoke and Carbon Monoxide Alarm Market: Regional Outlook

North America is expected to hold a significant share in global smoke and carbon monoxide alarm market due to presence of significant amount of players in the region. Moreover, technology advancement pertaining to infrastructural safety is positively influencing the growth the smoke and carbon monoxide alarm market in the region. Smoke and carbon monoxide alarm market in Europe is expected to hold a significant value share in the global market due to presence of large number of manufacturing industries and corporate offices.

Rapid growth of the economy of countries in Asia Pacific region, such as China, India and other is witnessing a significant growth of the smoke and carbon monoxide alarm market in the region. Players in smoke and carbon monoxide alarm market are penetrating in the Latin America due to increasing industrialization, rise in per capita spending, and growing urbanization in the region.

The report on smoke and carbon monoxide alarm market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report on Smoke and Carbon Monoxide Alarm market provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis for the smoke and carbon monoxide alarm market includes

North America Smoke and Carbon Monoxide Alarm Market
- U.S.
- Canada
Latin America Smoke and Carbon Monoxide Alarm Market
- Mexico
- Brazil
- Rest of Latin America
Western Europe Smoke and Carbon Monoxide Alarm Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
Eastern Europe Smoke and Carbon Monoxide Alarm Market
- Poland
- Russia
- Rest of Eastern Europe
SEA and other APAC
- Australia and New Zealand (A&NZ)
- India
- ASEAN
- Rest of SEA and other APAC
Japan
China
Middle East and Africa Smoke and Carbon Monoxide Alarm Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA

Global Smoke and Carbon Monoxide Alarm Market: Market Segmentation

On the basis of power source, the global smoke and carbon monoxide Alarm market has been segmented as –

Battery-Operated
Wired

On the basis of sensor type, the global smoke and carbon monoxide alarm market has been segmented as –

Ioniozed
Photoelectric
Others

On the basis of price range, the global smoke and carbon monoxide alarm market has been segmented as –

Economy
Mid-Range
Premium

On the basis of sales channel, the global smoke and carbon monoxide alarm market has been segmented as –

Wholesalers/Distributors
Specialty Stores
Multi-Brand Stores
Independent Small Stores
Online Sales Channel
Others

On the basis of end use, the global smoke and carbon monoxide alarm market has been segmented as –

Manufacturing Industry
Educational Institutes and Training Centers
Government Offices
Monuments, Heritage Sites And Public Parks
Shopping Complexes
Others

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Smart Hair Brush Market Worth US$ 477.8 Mn By 2032 | CAGR 5.8% – By Future Market Insights, Inc.

The smart hair brush market size is projected to register a CAGR of 5.8% during the forecast period, up from US$ 272 Million in 2021 to reach a valuation of US$ 477.8 Mn by 2032.

The smart hair brush market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfil the demand for smart hair brush, making them more accessible to customers in the global smart hair brush market.

The IoT (internet of things) has brought wireless technology to various devices, which have also created a potential market for personal care companies to develop smart products. Nowadays, consumers involving smart devices to see how advanced technology can deliver them a better personal experience and make them feel connected.

Today, mobile apps and devices can also allow the connected consumer to self-diagnose personal care problems. The smart hair brush is one such new trend in the market.

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Reasons for Covering Smart Hair Brush Market Title

Connected devices are revolutionizing the beauty industry with various companies from the personal care industry are seeking multiple ways to integrate personal care with the advanced technology to bring the salon experience at home.

Advancement in technology helps in transforming consumers’ beauty routines, consumers are demanding for premium products, changing consumer trends and buying behavior is creating significant potential for smart devices in hair and skin care applications are the factors influencing the growth of the smart hair brush market in the near future.

Additionally, the growing popularity of personal grooming, changing in lifestyle, per capita spending on personal care products, and rapidly growing hair care industry are some other factors fueling the growth of the smart hair brush market during the forecast period. However, the low adoption rate of smart hair brush due to high price and availability many hair brushes at affordable cost with no sensors or apps may hamper the growth of the global smart hair brush market.

Low competition due to limited players in the market has created a substantial opportunity for new players to enter the market is one of the dynamic factors for the growth of smart hair brush market in the near future.

Global Smart Hair Brush Market: Regional Outlook

The smart hair brush market is anticipated to register significant growth across all the regions during the forecast period. The smart hair brush market is classified into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.

North America is expected to be the leading markets in the global smart hair brush market followed by Europe owing to high per capita spending, consumer awareness about personal hygiene, and high demand for premium products.

South Asia and East Asia smart hair brush market is expected to account healthy CAGR during the forecast period owing to high potential customers along with various companies entering into the market with a strategic partnership with domestic players. MEA is likely to offer attractive opportunity in the global smart hair brush market in the coming years.

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Global Smart Hair Brush Market: Key Players

The prominent players operating in the global smart hair brush market are L’Oréal S.A. and Withings.

Global Smart Hair Brush Market: Key Developments

In 2017, Kerastase and Withings Company introduced the world’s first smart hair brush- ‘Kerastase Hair Coach’ at CES 2017 event, to provide consumers with a data-driven way for improved hair care.
Companies developed the innovative smart hair brush in collaboration with L’Oréal’s research and advanced technology Incubator. The smart hair brush features with advanced sensors, innovative product design, and signal analysis algorithms to monitor and scores the hair quality during use.

Personal Protective Equipment Market Is Likely To Grow At A Robust CAGR Of Around 6.3% By 2032

The global personal protective equipment market is projected to reach around US$ 55.6 Billion in 2022. The sales of the personal protective equipment market are anticipated to rise at a steady CAGR of around 6.3% between 2022 and 2032, totaling over US$ 96.4 Billion by 2032. A rising focus on improving worker’s safety across various industries is propelling sales of the personal protective equipment market.

Personal protective equipment (PPE) is a bunch of safety products that include helmets, protective clothing, goggles, gloves, face shields, masks, etc. These products are designed in such a way that they efficiently protect the wearer’s body from any injury or infection at the workplace. The demand for personal protective equipment has surged due to rising awareness of workplace safety across diverse industries.

There has been witnessed a substantial rise in the number of workplace incidents over the last few decades all over the world which led to the surge in the personal protective equipment market. Owing to rapid industrialization and frequent outbreaks at workplaces have led to the strengthening of the safety of workers in several industries.

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Key Takeaways

According to the International Labor Organization (ILO), an estimated 2.3 million people around the world succumb to work-related accidents or diseases every year. Since this number has been increasing drastically, governments realized an urgent need for personal protective equipment resulting in its higher sales.
People working in hazardous environments are more likely to catch infections and injuries. Due to this, they need proper protective equipment in order to reduce exposure to hazards. This is one of the major factors resulting in growing sales of personal protective equipment in the global market.
The personal protective equipment protects workers from all the hazardous chemicals, radiations, currents, biohazards and heat that makes the PPE an item of necessary clothing to wear. Backed by these factors, surging sales can be seen in the personal protective equipment market during the forecast period.
Implementation of stringent regulations pertaining to improving the safety of workers will continue to generate growth prospects for the personal protective equipment market in the future.
Due to increased safety awareness, key market players in the personal protective equipment market are vigorously investing in research and development activities to have an edge in the market.
North America is projected to lead the personal protective equipment market owing to the strict government regulations regarding workers’ safety and technological advancements in the healthcare sector.

Competitive Landscape

3M Company, Rahman Group, Oftenrich Holdings Co. Ltd., Golden Chang, JSP Limited, Interspiro, Honeywell Life Safety, Gateway Safety Inc., Ansell Healthcare Products LCC, Wells Lamont Industry Group, Avon Rubber p.i.c., JAL Group, COFRA Holding AG, Avon-ISI, Alpha Pro Tech Ltd., Eurodress GmbH, Jallatte Group, Berkina NV, Z and V Group are some of the key companies profiled in the full version of the report.

These market players are constantly upgrading their product portfolios. They are using innovative materials that could significantly enhance the safety of workers in diverse industries. Besides this, they are partnering with end-use industries such as healthcare and oil & gas for supplying a wide range of personal protective equipment.

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More Insights into the Personal Protective Equipment Market

According to FMI analysis, North America is anticipated to dominate the personal protective equipment market owing to the presence of regulatory organizations like OSHA, rising awareness about personal safety, the rapid growth of the healthcare industry and advancements in technologies.

Huge adoption of personal protective equipment can be seen in developed nations such as the United States due to stringent regulatory policies and an increase in the number of workplace fatalities.

It is increasingly becoming mandatory for workers to wear personal protective equipment in hazardous working setups. The majority of end-user industries are encouraging workers to stay protected when working under dangerous circumstances.

Key market players in North America are constantly innovating by developing highly resistant personal protective equipment from biodegradable and recyclable materials. This will help them to eliminate the risk of environmental pollution.

Owing to increasing investments in oil & gas and petrochemicals industries will create growth opportunities for the market players in North America during the forecast period.

The Asia Pacific is seen as a lucrative market for personal protective equipment owing to rapid industrialization, low penetration of automation, favorable government support and availability of raw materials and personal protective products at cheaper costs.

China is emerging as the fastest growing region along with a major producer, user and exporter of personal protective equipment. The country has a well-established base of end-user industries like chemicals, automotive, oil & gas, etc. which continues to bolster sales in the personal protective equipment market.

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Key Segments Profiled in the Personal Protective Equipment Industry Survey

By Product Type:

Head Protection
Eye and Face Protection
Hearing Protection
Hand and Arm Protection
Fall Protection
Protective Clothing
Professional Footwear
Foot & Leg Protection
Respiratory Protection

By End-Use Industry:

Healthcare
Pharmaceutical Manufacturing
Food Manufacturing
Construction
Petrochemicals
Power & Energy
Oil & Gas
Transportation
Firefighting
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Global Absorbent Glass Mat (AGM) Battery Market Is Predicted To Procure USD 18 Billion From 2022 To 2032

Global absorbent glass mat(AGM) battery market is estimated to garner US$ 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 11.2 Billion in 2022.

The number of research and development by the leading manufacturer and the production of maintenance-free and non-spillage batteries with loner life is the primary factor driving the growth of the absorbent glass mat (AGM) battery market. Over the course of the forecast period, the demand for renewable energy projects is anticipated to grow across the board.

The UPS segment is likely to offer remunerative opportunities for the global absorbent glass mat(AGM) battery market. Several emerging economies are making significant developments in their automotive sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

By application, the UPS segment is expected to record a 3.8% CAGR by 2032
By voltage, the 2-4volts segment to expand at a 3.2% growth rate during the forecast period
The U.S market to garner US$ 6 Billion and record a 4.5% CAGR from 2022-2032
Market in China to procure US$ 1 Billion, expanding at a 4.1% growth rate during the assessment period

“Rising penetration of renewable energy across grids has boosted the need for efficient and flexible energy storage solutions is expected to fuel the demand of absorbent glass mat (AGM) battery market over the forecast period,” says an FMI analyst.

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Competitive Landscape
Eminent players of the global absorbent glass mat (AGM) battery market include Clarios, Power Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company among others. Recent key developments among players include:

In November 2021- Clarios entered a strategic collaboration with China Lithium Battery Technology Company (CALB) to develop low-voltage lithium-ion battery systems to address the growing electrical needs of global automaker. The partnership will develop and manufacture low-voltage lithium-ion battery systems with lithium iron phosphate (LFP) cells to support the needs of electric vehicles — combining CALB’s lithium-ion cell expertise with Clarios’ battery system and vehicle integration capabilities.
In May 2021 – Exide Technologies, updated its Exide Premium range with a modern new black design with new recycled components for reduced environmental impact. The change will lead to savings of 2,700 tons of CO2, 8 million litres of water and 1.2 million litres of crude oil in Exide’s manufacturing each year.

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Key Segments Covered In The Absorbent Glass Mat(AGM) Battery Industry Survey

Absorbent Glass Mat (AGM) Battery Market by Type:

Stationary Absorbent Glass Mat (AGM) Battery
Motive Absorbent Glass Mat (AGM) Battery

Absorbent Glass Mat (AGM) Battery Market by Voltage:

2-4 Volts Absorbent Glass Mat (AGM) Battery
6-8 volts Absorbent Glass Mat (AGM) Battery
12 volts and above Absorbent Glass Mat (AGM) Battery

Absorbent Glass Mat (AGM) Battery Market by End User:

Absorbent Glass Mat (AGM) Battery OEM
Absorbent Glass Mat (AGM) Battery Aftermarket

Absorbent Glass Mat (AGM) Battery Market by Application:

Absorbent Glass Mat (AGM) Battery for Automotive
- Motor Vehicle
- Motor Cycle
- Others
Absorbent Glass Mat (AGM) Battery for UPS
Absorbent Glass Mat (AGM) Battery for Industrial Applications
Absorbent Glass Mat (AGM) Battery for Energy Storage
Absorbent Glass Mat (AGM) Battery for Other Applications

Absorbent Glass Mat (AGM) Battery Market by Region:

North America Absorbent Glass Mat (AGM) Battery Market
Europe Absorbent Glass Mat (AGM) Battery Market
Asia-Pacific Absorbent Glass Mat (AGM) Battery Market
Middle East & Africa Absorbent Glass Mat (AGM) Battery Market
Latin America Absorbent Glass Mat (AGM) Battery Market

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Japan Dust Extractors Market Is Projected To Account For 5.7% Of The Share In The Forecast Period 2022-2028

Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028. Demand is anticipated to increase by 8.5% CAGR from 2022 to 2028 as opposed to 8.4% CAGR from 2013 to 2021. As per FMI, Asia Pacific excluding Japan dust extractors market is set to account for approximately 24.9% of the total market share in 2022.

Dust extractor sales surpassed $1 billion globally in 2018, and a 6% annual growth rate is anticipated in 2019 and beyond. Dust extractors will experience significant improvements in the low dust class over the coming years, according to a new research intelligence outlook from Future Market Insights (FMI).

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While adoption of dust extractors in medium dust class will retain a dominant share over that in the low dust class in the long run, the latter is highly likely to outpace former owing to the impressive growth of commercial building sector. Sales are likely to experience a considerable hike in the forthcoming years, as the demand from major end-use sectors, particularly commercial building and offices, is on a constant rise.

Construction sites, though envisaged to remain key demand generator in the dust extractor space, will be closely trailed by the wood working segment. The report positions wood working applications of dust extractors market as an important demand contributor to the market and projects a healthy rate of growth for the dust extractor demand in wood working segment.

DYI Applications Boosting Potential of Online Sales Channels

Growing number of projects in the commercial space construction landscape will remain a significant booster for the demand growth of dust extractors at a global level. Moreover, noteworthy increase in the number of DIY applications, strongly backed by flourishing online retail channels, has been cited in the report as important factors impacting the growth of dust extractor market in years to come. The report has attributed growth of DIY applications segment to the progress of home improvement industry, observed in the recent past.

In the light of success registered by leading online distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and ShopClues among others, a number of organizations are strategizing their entry to the E-commerce space. The report projects that power tools sales are likely to emerge as a popular strategy among players, which are stepping in the online retail world for DYI vacuum cleaner sales.

Growing consumer preference for online channels while shopping DIY application tools is instrumenting accelerated online sales of dust extractors, as per the report findings. However, high price point associated with high-capacity vacuum cleaners will continue to restrain the accelerated growth of dust extractor market in the long run.

In line with the potential competitive edge offered by dust extractor models with compact dimensional design and light weight, key manufacturers are following the growing trend of high R&D investments in innovative product launches.

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Japan to Rise as the Industry’s Manufacturing Hub

Europe is envisaged to emerge as a highly profitable region for the prominent consumers of dust extractors, towards the end of the forecast period. Currently, the US and Germany represent the most prominent countries generating significant demand for dust extractors, subsequently benefiting the markets in North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably influenced by the stringent regulatory framework of regional governments regarding the usage of vacuum cleaners.

Furthermore, Japan is also anticipated to be a lucrative regional market for dust extractors, in terms of value and volume. FMI’s analysis also depicts that Japan is currently reflecting the potential to develop into the new manufacturing hub. MEA is also projected to remain a prominent regional market for dust extractor sales, which has been primarily attributed to the robust growth of key end-use sectors across the region.

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Dust Extractor Market: Vendor Landscape

The dust extractor market is largely fragmented, as a result of the strong presence of a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.

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Aerospace Fasteners Market Revenue, Future And Business Analysis By Forecast 2032

In 2022, the market for aerospace fasteners will likely be worth US$ 7,834.5 million and is anticipated to grow at a moderate rate of 6.4% CAGR. By 2032, the market is projected to increase in size and reach US$ 14,568.9 million. According to Future Market Insights’ data, the historical CAGR was 4.8%.

Fasteners are the hardware components which are used to mechanically join two or more objects together. In the same context, aerospace fasteners are special grade hardware devices, used to connect parts of aircraft during original equipment manufacturing and aftermarket servicing. Aerospace fasteners are broadly used in commercial aircraft, military aircraft, ballistic missiles, rockets and satellites.

Aerospace fasteners are made under strict regulations and standards so as to withstand high fatigue loading and drastic temperature changes. Manufacturers are focused to introduce aerospace fasteners with light weight and high strength metallurgical structure in order to provide increased life and reliability rate along with enhanced fuel efficiency of the aircraft.

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The number of fasteners required in a typical aircraft could reach to millions in the form of nuts, bolts, pins, rivets, washers, etc. Growing defense and space exploration activities are contributing significantly to the growth of aerospace fasteners market. Commercial civil aviation industry, owing to increase in number of passengers travelling by air route, is growing at an unprecedented annual rate, creating significant demand for commercial aircrafts. This, in turn, is expected to push market growth of global aerospace fasteners market over the forecast period of 2022-2032.

Aerospace Fasteners Market: Dynamics

The civil aviation industry is on the rise and competition among major airline companies has intensified. Unlike during the past, air traveling has no longer remained a luxury and more people are preferring air mode of transportation. Governments across the world are solidifying their air defense and strong demand for aircrafts exists both in commercial and military aircraft segments.

With growing overall aircraft demand, market for aerospace fasteners is expected to witness significant growth over the forecast period. Upgraded technology and invention of more sophisticated and reliable materials are further anticipated to boost up the aerospace fasteners market from supply side.

Moreover, replacement of aging aircrafts with Next-Gen aircrafts is another factor fueling up aerospace fasteners market globally. Whereas, high production cost, less availability of high grade materials and unexpected failure of fasteners are some of the major challenges existing in global aerospace fasteners market.

Major aerospace fastener companies are involved in business development strategies like merger & acquisition in order to spread their reach in targeted nations. Providing high quality and cost effective aerospace fasteners in stipulated time is another key strategy followed by key manufacturers to gain market position.

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Aerospace Fasteners Market: Segmentation

The global aerospace fasteners market is segmented on the basis of aerospace application, type of fixing, product type, materials and head type. On the basis of application, aerospace fasteners market can be segmented as commercial aerospace and military aerospace. On the basis of product type, aerospace fasteners market can be segmented as pins, bolts, studs, screw and rivets. On the basis of material, aerospace fasteners market can be segmented as aluminum, steel, super alloys and titanium. On the basis of head type aerospace fasteners can be segmented as 12 points (Double Hex), 6 lobe recess, Dee, Rectangular, Screw, and others. Based on type of fixing, the market can be segmented as permanent fixing and temporary fixing.

Aerospace Fasteners Market: Region-wise Outlook

The global aerospace fasteners market is segmented into five key regions, namely North America, Latin America, Middle East & Africa, Asia-Pacific and Europe. Europe and United States with developed aerospace industry represent leading regional markets, capturing a substantial share in the global aerospace fasteners market. Developing infrastructure and generous strategies of governments in Asia-Pacific is expected to gain high market growth over the coming years.

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Aerospace Fasteners Market: Key Players

Major players in the global aerospace fasteners market include 3V Fasteners Company Inc., Alcoa Fastening Systems, TriMas Corporation (Allfast), B&B Specialties Inc., B/E Aerospace, Stanley Engineered Fasteners (Emhart Teknologies LLC), LISI Aerospace, National Aerospace Fasteners Corporation, Precision Castparts Corp., TFI Aerospace Corporation, TPS Aviation Inc., etc.

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Autonomous Vehicles Market will Exhibit a Steady 10.9% CAGR through 2022-2032

The global autonomous vehicle market is expected to reach US$ 99,451 Mn in 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 Mn 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.

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.

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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.

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Automotive Seating Market Potential Growth, Demand And Analysis Of Key Players – Analysis Forecasts To 2032

The estimated value of the global automotive seating market is expected to be US$ 52,941.6 million in 2022, with a forecasted CAGR of 3.40%. By 2032, the market is projected to increase to a value of US$ 73,960.9 million. Future Market Insights’ analysis revealed a historical CAGR of 2.30%.

Seating systems are platform designed to accommodate the person seating in vehicle. Seating has modified through simple seating systems to complex masterpiece to fulfill the desires of both consumer and manufacturers. When OEM (Original Equipment Manufacturers) and Tier 1 companies design the cars, the seating systems referred as expensive and heaviest interior parts.

While conventional designs have been recommended throughout the industry, companies have started to design new layouts that will change the seating systems in more modified manner than conventional seating systems. Luxury modifications have been introduced into seating systems to assure the relaxing experience to customer while driving.

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Global Automotive Seating Market: Drivers & Restraints

Recovery in vehicle production, increasing demand for safety features, and growth of various vehicle segments are major driving factors for Automotive seating market. Government initiatives for Foreign Direct Investments (FDI) supporting the automotive seating market. To develop lighter design while reduce a cost is challenge for Manufacturers. Inclining customers demand towards Luxurious seating systems creating more opportunities in Automotive seating market. Manufacturers taking initiatives in research and development activities to make product luxurious as well as more emphasis is for safely. Simultaneously changing currency exchange rates, regulations, changing consumer needs and preference are going to affect the market dynamics.

Global Automotive Seating Market: Key players

Some of the key players identified in the global Automotive Seating market include:

Johnson Controls Inc
Toyota Boshoku Corporation
TS Tech Co., Ltd
Faurecia SA
Lear Corporation
IFB Automotive
Magna International Inc
DURA Automotive Systems
Aktis Engineering Solutions
Fisher and Company
Tata Autocomp Systems Limited
Marter Automotive Seating Systems
Grammer Seating Systems
TM Automotive Seating Systems Private Limited

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Global Automotive Seating Market: Market Segmentation

On the basis of seat type, global automotive seating market is segmented into:

Split seat
Bench seat
Split Bench seat

On the basis of vehicle type global automotive seating market is segmented into:

PCV (Passenger Commercial Vehicles)
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)

On the basis of distribution channel, global automotive seating market is segmented into:

OEM
Aftermarket

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Report Highlights:

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

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Central Lab Market to surpassing US$ 4.0 Bn by the end of 2032 | FMI

The Global Central Lab market study provides critical information related to the global, regional and top players including Central Lab market share analysis, winning strategies, recent developments, and financial planning. Besides providing information regarding the key players in the Central Lab market, the study also recalibrates, the impact of macroeconomic and microeconomic factors that has the potential to impact the growth of the Central Lab market.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

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Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Central Lab market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

Report Highlights:

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

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Key Segments Profiled in the Central Lab Industry Survey

By Service Type:

Genetic Services
Biomarker Services
Microbiology Services
Anatomic Pathology/Histology
Specimen Management & Storage
Special Chemistry Services
Others

By End User:

Pharmaceutical Companies
Biotechnology Companies
Academic and Research Institutes

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

Competitive Analysis

By Prominent Market Players

Covance(Labcorp)
Eurofins Global Central Library
PPD Central Lab
ICON Central Labs
Medpace Reference Laboratory
Q² Solutions

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Central Lab market

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Reasons to Buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Central Lab market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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NGS Sample Preparation Market to be US$ 5.4 Billion by 2032 | Future Market Insights

[342 Pages Report] The global NGS sample preparation market is expected to be valued at $5441.1 million by 2032, up from $1321.8 million in 2022, and to grow at a 13.7% CAGR during the forecast period (2022-2032).

DNA contains the blueprints of life. Within its structures are the codes required for the assembly of proteins and non-coding RNA – these molecular machineries affect all the biological systems that create and maintain life. By understanding the sequence of DNA, researchers have been able to elucidate the structure and function of proteins as well as RNA and have gained an understanding of the underlying causes of disease. Next Generation Sequencing (NGS) is a powerful platform that has enabled the sequencing of thousands to millions of DNA molecules simultaneously.

This technology involves steps such as library preparation followed by clone amplification and cyclic array sequencing. This technology is used for applications including human whole genome sequencing (WGS), whole exome sequencing, targeted sequencing using panels of a few to thousands of genes, and expression profiling.

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NGS Sample Preparation Market: Drivers and Restraints

NSG samples are being used for the sequencing of genomes. These genomes are being used for the preparation of specialized medicines. Increasing prevalence of genetic disorders is driving the growth of this market. Increasing need for the personalized medicines and clinical diagnosis is driving the growth of NGS sample preparation market.

Technological advancements in sample preparation procedures and kits to standardize and simplify steps are driving the growth of NGS sample preparation market.NGS Sample Preparation Market: OverviewNGS has revolutionized the genome sequencing market. NGS sample preparation market is expected to show significant growth over forecast period. Increasing need for personalized treatment is driving the growth of this market.

Increase in the healthcare spending and improvement in the healthcare technology are the major factors for the growth of NGS sample preparation market. Increasing incidence of disease conditions like cancer and use of NGS for diagnostic purpose in cancer and management or treatment of disease the boosting the growth. Aging population is also expected to drive the growth of NGS sample preparation market. Single molecule real time sequencing is expected to be fastest growing segment due to real time preparation of samples.

Drug discovery and diagnostic application are expected be highest revenue generating and fastest growing NGS sample preparation segments. Biopharmaceutical companies are biggest user of NGS samples as these companies are focusing on development of new drugs.NGS Sample Preparation Market: Region Wise Outlook

Geographically, the NGS sample preparation market can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa. North America is most attractive region for the NGS sample preparation market attributing to the presence of key biopharmaceutical players in this region and technological advancements. Followed by which is Europe and Japan. These markets are also growing significantly due to the focus of research institutes on development of new methods of NGS sample preparation and aging population. Asia Pacific excluding Japan is also expected to show significant growth in NGS sample preparation market due to improving healthcare infrastructure and increasing healthcare expenditure.

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NGS Sample Preparation Market: Key Players

Some of the market participants in the global NGS sample preparation market are Thermo Fisher Scientific, Agilent Technologies, Inc., F Hoffman-La Roche AG, Illumina, Inc., Eurofins Scientific and Macrogen, Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and grades.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2012 – 2016
Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis for Market includes

North America
Latin America
Europe
Asia Pacific & Japan
The Middle East and Africa

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NGS Sample Preparation Market: Segmentation

The global NGS sample preparation market can be segmented on the basis of technology, application, end user and region.

On the basis of technology the global NGS sample preparation market can segmented as:

Sequencing by Synthesis (SBS)
Ion Semiconductor Sequencing
Single Molecule Real Time (SMRT) Sequencing
Nanopore Sequencing

On the basis of application the global NGS sample preparation market can be segmented into:

Diagnostics
Drug Discovery
Biomarker Discovery
Precision Medicine
Agriculture and Animal Research
Other Applications

On the basis of end user the global NGS sample preparation market can be segmented into:

Biopharmaceutical Companies
Hospitals
Research Institutes
CMOs
CROs

Report Highlights:

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

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NGS Sample Preparation Market : The global NGS sample preparation market worth is expected to rise at a CAGR of 13.7% to US$ 5.4 Billion by 2032

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