Synthetic Leather Market is Estimated to Register a Strong CAGR of 6.0% CAGR from 2022 to 2032 | Says FMI Analyst

A recently published study by FMI expects the global synthetic leather market to augment at a 6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 50 Billion is expected for the market. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 1% and closing at US$ 26.34 Billion.

Manufacturing, innovation and use of synthetic leather is undergoing several changes. This has led to the rapid adoption of synthetic leather in various end user industries. Although the COVID-19 pandemic affected the sales of synthetic leather, post-pandemic, the sales of the same have increased owing to its various properties. Manufacturers are now making synthetic leather made of environmentally friendly materials.

Furthermore, key players in the synthetic leather market are launching products that make wide use of synthetic leathers, thus, increasing use of the same. The use of synthetic leather in automotive, consumer electronic and fashion industries is propelling the sales of the same. This, in turn, is contributing to the growth of the market.

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Key Takeaways from the Market Study

  • By material type, polyurethane (PU) synthetic leather is expected to possess 40% market share for synthetic leather market in 2022.
  • Italy is expected to hold nearly 30% market share for synthetic leather market in 2022.
  • India is expected to possess 25% market share for synthetic leather market in 2022
  • S. is expected to hold 35% market share for synthetic leather market in 2022
  • Japan is expected to procure 33% market share for synthetic leather market in 2022.

“The synthetic leather industry is undergoing a drastic change. Innovations in manufacturing sustainable leather along with making it durable is increasing the usage of the same.” states an FMI analyst.

Market Competition

FMI has identified Asahi Kasei, Nan Ya Plastics Corporation, Toray Industries, Teijin Limited, Kuraray Co., Ltd., Daewon Chemical Co Ltd., Kolon Industries Inc., Achilles Corp, and Mayur Uniquoters as leading players in synthetic leather market. They collectively account for more than 30% of global market share as of 2022.

  • Bucha Bio launched plant based leather which is completely made in laboratory in July 2021, in an attempt to push the envelope towards introducing a sustainable leather alternative that can be used for shoes, clothing, accessories and more.
  • In June 2021, Gucci launched its brand new range of footwear made from bio-based synthetic leather derived from wood pulp.

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Key Segments Profiled In The Synthetic Leather Market Industry Survey

Synthetic Leather by Material Type:

  • Polyvinyl Chloride
  • Polyurethane
  • Bio Based

Synthetic Leather by Application:

  • Synthetic Leather for Footwear
  • Synthetic Leather for Furnishing
  • Synthetic Leather for Automotive
  • Synthetic Leather for Clothing
  • Synthetic Leather for Bags
  • Synthetic Leather for Sports
  • Synthetic Leather for Electronics

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global synthetic leather market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

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The study reveals essential insights on the basis of Material Type (Polyvinyl Chloride, Polyurethane, Bio Based), by Application (Footwear, Furnishing, Automotive, Clothing, Bags, Sports, Electronics) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Future Market Insights (ESOMAR certified 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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Coil Coatings Market is Projected to Reach the Valuation of US$ 6.8 Billion in 2029 | Exclusive Report by FMI

A new market study by Future Market Insights on the global coil coatings market, evaluates key industry trends for the historical period 2014–2021 and forecasts the coil coatings market growth for the 2022–2029 period. The global coil coatings market value at US$ 5.0 Bn in 2022, and is projected to grow at a moderate CAGR of 4.7% during the estimated period of 2022-2029.

The report covers latest market dynamics, trends, macroeconomic factors, key success factors, industry value chain, forecast factors, opportunity assessment, incremental $ opportunity and competition analysis of all the major manufacturers involved in the coil coatings market.

Topcoats remain highly preferred among end-use industries, especially in construction sectors, as compared to primers and backing coats. Topcoats are used to provide color and gloss along with mechanical, chemical, and UV resistance to finished coils, and hence are widely adopted across the globe.

As per the findings of the study, the global coil coatings market is expected to witness moderate growth in terms of CAGR over the forecast period due to the recovering construction industry and growing investments driving number of new infrastructure projects.

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Aesthetic Properties of Coated Metal Sheet to Uphold the Market Growth

Development of new and innovative products will continue to have a tremendous impact on the industry and play an important role to promoting the coil coatings market growth in near future. Coil coated metal sheets provide architects with large number of design possibilities, while also allowing them to play with various colors, shapes, effects, and textures.

A steady stream of newly developed coatings, such as heat absorbing, heat reflecting, dirt-shedding, self-cleaning, etc. are finding their way into exterior building applications. These new functional coil coatings are a result of the environmental aspect being a strong factor in coil coatings’ development.

Emergence of Low-cost Products to Limit Coil Coatings Market Growth

Growing demand for high performance and low cost coil coatings is expected to be a restraining factor in the overall coil coatings market growth. These days, cheap pre-coated aluminium and steel coils are increasingly being imported, particularly from Asia Pacific.

Unfortunately, the quality and performance of these products are lower than that of European standards. However, it is unlikely to impact the end users, as white cladding, irrespective of its durability, is widely preferred.

Coil Coatings Market: Vendor Insights

The global coil coatings market is fairly consolidated, with the top four players – Akzo Nobel N.V., PPG Industries Inc., Valspar Corporation and Beckers Group – holding ~60% market share. This is mainly attributed to the fact that the major players are availed with better equipment and technology for the manufacturing of coil coatings.

On the other hand, tier-2 and other players have limited global reach and manufacturing capabilities. These players’ main focus is the local clientele and to have a significant presence in their respective regional markets. Manufacturers are also focusing on mergers and consolidations of business to improve their product portfolio and market presence.

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Some of the key developments in the coil coatings market are:

  • In 2021, BlueScope’s U.S. coil coatings and roll forming assets entered into a joint venture with the Tokyo-based steel manufacturing company Nippon Steel.
  • In 2014, PPG Industries, Inc. introduced DURASTAR ULTRA-COOL coatings, which enhances the aesthetic and also extends the life of panels, siding, and other components.

Coil Coatings Market By Category

Material Type :

  • Polyester
  • Epoxy
  • PVC
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

End Use :

  • Construction
  • Transportation
  • HVAC
  • Metal Furniture
  • Others

Product Type :

  • Topcoats
  • Primers
  • Backing Coats
  • Others

Application :

  • Steel
  • Aluminum

How Is The Oil And Gas Industry Pushing Sales In The Coil Coatings Market?

The ever-increasing demand for oil and gas resources across the globe is a chief factor expected to propel the market in the forthcoming years. Rising utilization of alloys and metals, especially steel in reactors, pipelines, and structures in the oil and gas industry is estimated to boost the market.

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Most of the steel products required in oil and gas plants worldwide need coil coating paint before these are utilized for various applications. Rising extraction of oil and gas in untapped regions is another factor that is likely to aid growth.

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Specialty Paper Market is Estimated to Register a Strong 5.1% CAGR Between 2022-2032 | Exclusive Report by FMI

According to a Future Market Insights (FMI) report, the Specialty paper market is expected to surpass US$ 14.9 Bn in 2021, at a CAGR of 5.1% between 2021 and 2031. Specialty paper is used in packaging, printing and writing, and building and construction sectors.

Their increasing application across diverse sectors can be attributed their moisture resistance, low-weight, waterproofing, cost-effective, and customizable characteristics. Specialty paper is available as décor paper, kraft paper, thermal paper, and carbonless paper. Of these, its application for décor purposes accounts for maximum sales in the market.

Also, specialty paper is non-reactant in nature which is suitable for food and beverage packaging. In the past few years, specialty paper has gained immense popularity as it provides better aesthetics. The report foresees ample opportunities for manufacturers in the near future due to the rise in usage of the specialty paper in various sectors.

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The expansion of the E-commerce industry means a rise in demand for packaging materials to ship products across the world. Specialty paper offers a wide range of packaging solutions to the e-commerce industry and to its logistics partners. Spurred by this, the demand for specialty papers is expected to surge in the near future.

Paper sourced from wood and wood pulp is considered to be environmentally-friendly, in comparison to plastic, which takes a longer period to decompose. Presence of untapped markets can provide lucrative opportunities for market players, especially those extending biodegradable offerings.

Key Takeaways from Specialty Paper Market

  • Décor paper is estimated to hold nearly 2/5th value share in the global market in 2021 and expected to expand by 240 bps by 2031 owing to increasing use in building and construction sector.
  • Kraft paper demand is expected to grow at 6.5% CAGR during 2021-2031. Increasing demand for sustainable bags and pouches will drive growth in the segment.
  • The U.S. will hold the lead in North America, accounting for more than 6 times the value share of Canada in 2021.
  • Germany, driven by the presence of leading market players will account for more than 22% of the Europe market will hold the lead in 2021.
  • Strong growth in the automotive and construction sectors will drive the China market, which is expected to account for more than 71% of the East Asia market value share by 2031.

 “Specialty papers sales are surging on the back of rising application in the packaging industry. Focus on offering attractive packaging without hampering product quality will fuel demand for specialty papers. Their application also is expected to surge as a non-reactant material,” said a FMI analyst. 

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Impact of COVID-19 on the Specialty Paper Market

The specialty paper market has been negatively impacted as sales slumped amid the COVID-19 pandemic. This can be attributed to restrictions imposed on operation and production activity in various end-use industries which directly affected market growth.

Disruptions in logistics and supply chains hampered market growth. The building and construction sector was also impacted by COVID-19 which contributed to the adverse impact on specialty paper.

Since the beginning of 2021, players operating in specialty paper market have tried to push sales by increasing production capacity while offering innovative products. Overall, the market for specialty paper is expected to rise at a faster pace during the latter part of 2021.

Who is Winning?

Tier 3 players in the specialty papers market hold 60-70% of the global value share. Global leaders in turn contribute to around 30-40% of the global market.

International Paper Co., Oji Holdings Corp., and UPM-Kymmene Oyj are the top players operating in the specialty paper market. Furthermore, Stora Enso Oyj, Nippon Paper Industries Co., Ltd, and Mondi plc. are some of the leading players in the specialty paper market.

Specialty Paper Market by Category

By Product Type:

  • Décor
  • Thermal
  • Carbonless
  • Kraft
  • Other types

By End-Use Application:

  • Printing and Writing
  • Packaging
  • Building and Construction
  • Industrial
  • Other Commercial End Use

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More Valuable Insights into Specialty Paper Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global specialty paper market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031.

The study reveals growth projections on the specialty paper market based on product type (décor, thermal, carbonless, kraft, and other types) and end-use application (printing & writing, packaging, building & construction, industrial, and other commercial end-use) across seven regions.

About FMI

Future Market Insights (ESOMAR certified 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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Rare Earth Metals Market will Reach a Value of US$ 3,818.8 Million by 2021-2031 at a CAGR of 6.0%

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global rare earth metals market is poised to witness steady growth at around 6% CAGR, exceeding the market valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031.

Growing consumer preference towards electronic vehicles and rapid expansion of the automotive and electronic industry are emerging as chief factors augmenting the growth of the rare earth metals market. Presence of high-growth potential industries including consumer goods and renewable energy in developed countries such as the U.S., the U.K., and Germany will propel sales in the market.

Permanent magnets used in wind turbines are produced from rare earth metals such as dysprosium and neodymium. Considering this, a steady expansion of wind turbine installations worldwide will create conducive environment for rare earth metals sales.

Besides this, the market will continue gaining from application in manufacturing batteries installed in electric vehicles. With electric and hybrid vehicles sales forecast to gain momentum in the coming years, the demand for rare earth metals with consistently rise.

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Rising digitization and urbanization in developing countries such as China, India, and South Korea is boosting the demand for consumer electronics, which in turn is fostering sales of rare earth metals. As per FMI, Asia Pacific excluding Japan will continue exhibiting high growth within the global market. Within the region, the Neodymium segment is likely to gain remarkable 270 basis points by 2026 in comparison to that of 2016.

China, trailed by India, will emerge as the dominant market for rare earth metals in Asia Pacific. The continued surge in mining activities, besides expansion of electronics and automotive sectors will support growth in the country.

“Companies operating in the market are adopting sustainable mining policies to gain competitive edge. Besides this, they are seeking approval from international organizations to aid capacity expansion,” says the FMI analyst. 

Key Takeaways from FMI’s Rare Earth Metals Market Study

  • Neodymium will emerge as the most preferred metal type throughout the forecast period.
  • Permanent magnets will dominate the application-type segment.
  • The U.S. will exhibit high demand due to rapid expansion of automotive and renewable energy industries.
  • China will lead the rare earth metals market owing to the presence of major players and increasing production of consumer electronics.
  • The U.K. will experience steady growth, which is attributable to increasing demand by various end-use industries.
  • South Korea and Japan will account for nearly 14% of the market share.

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Competitive Landscape

China Northern Rare Earth (Group) High-Tech Co., Ltd., Rising Nonferrous Metals Share Co., Ltd., Lynas Corporation, China Minmetals Corporation Limited, and Aluminium Corporation of China Limited are some leading players operating in the rare earth metals market.

Key strategies being incorporated by manufacturers include emphasis on sustainable mining practices, research, and development regarding efficient use of metals, industry-grade machinery installations, and expansion of procurement facilities.

For instance:

  • In December 2019, Lynas Corporation joined hands with Kalgoorlie Boulder, based out of Australia, to open a new processing plant for processing materials mined from the nearby Mt Weld lanthanide deposits.
  • In June 2021, Arafura Resources Ltd., received approval and a Letter of Support from the Northern Australian Infrastructure Facility (NAIF) for the inclusion of its Nolan NdPr sites as a statutory defined area of North Australia, enhancing the sustainable mining practices in the region.

More Insights on the Rare Earth Metals Market

In its latest report, FMI offers an unbiased analysis of the global rare earth metals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

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In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application type (catalysts, permanent magnets, metallurgy & alloys, polishing, glass, phosphors, ceramics, and others (fertilizers, pigments, defense, etc.) metal type (Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan, and Middle East & Africa)

About FMI

Future Market Insights (ESOMAR certified 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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Metal & Metal Oxide Nanoparticles Market to Hit US$ 89,894.6 Mn by 2022-2032 | Future Market Insights

The global metal & metal nanoparticles market is anticipated to register remarkable growth over the projection period ranging from 2022 to 2032. The global market is expected to reach a valuation of US$ 29,958.8 Mn by the year 2022 and a top estimation of around US$ 89,894.6 Mn by 2032.

Rising awareness about health, hygiene & well-being is the major factor propelling the demand for personal care products, which in turn is expected to boost the demand for metal & metal oxide nanoparticles. In the wake of surging desire for personal care products, the global metal & metal oxide nanoparticles market is projected to directly affect the personal care & cosmetics sector.

There is a drastic surge in the number of new nanoparticle characterization products attributed to the global expenditure on nanotechnology research rises. The global metal and metal oxide nanoparticles market is expected to grow rapidly in the coming years.

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Owing to the rapidly expanding application scopes of metal nanoparticles, metal nanoparticles are widely used within end-use industries such as pharmaceuticals and healthcare, personal care and cosmetics, chemicals, transportation, and others. According to the current estimations, the market growth for personal care products & pharmaceuticals drugs is expected to bolster the demand for Metal & Metal Oxide Nanoparticles during the projected period.

Key Takeaways

  • Several types and forms of nanomaterials are employed in the cosmetics business. It is a fact that rapid evaluation of a rising number of nanostructures is taking place owing to the advancements in research and development activities in the cosmetics sector.
  • For several companies, it has been a clear goal to find the best suitable and affordable nanomaterials in order to employ them in aesthetic applications. As opposed to cosmetics made on a smaller scale, nanoparticle-based products have certain distinct benefits.
  • The cosmetics industry uses nanoparticles (NMs) in order to achieve more stability and long-lasting effects. There is a large surface area of nanoparticles which is why the active components can be transported more effectively into the skin. New color components, transparency (like in sunscreens), and long-lasting effects (like in nail paint and lipstick) are other major applications of nanoparticles in cosmetics.
  • During the utilization process of NMs, the ultimate objective of the cosmetics industry is to administer the appropriate dosage of chemicals to the targeted body areas and to achieve long-term stability. NMs are now used frequently in skin care products, specifically, as UV filters in sunscreens.
  • Owing to the rising global spending on nanotechnology research, there is a quick surge in the number of novel nanoparticle characterization products. Several nations across the globe are now investing significant public funds in nanotechnology research and development initiatives. Hefty public investments were made in the business throughout the past decade. The U.S. makes considerable investments in the study of nanotechnology.

Key Companies Profiled

  • American Elements
  • U.S. Research & Nanomaterials Inc.
  • Nanoshel LLC
  • Meliorum Technologies Ltd
  • Nanostructured & Amorphous Materials, Inc.
  • Nanophase Technologies Corporation
  • Showa Denko KK
  • NanoComposix Inc.
  • Tekna Systèmes Plasma Inc.
  • Sigma-Aldrich Co LLC
  • Shanghai Huzheng Nanotechnology Co., Ltd

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Competitive Landscape

The global metal & metal oxide nanoparticles market is an immensely fragmented market with the presence of dominant market players all over the world. Key players are concentrating on expansion & partnership activities to boost their sales & global footprints. While other key players are concentrating to enhance their regional as well as global presence.

Metal & Metal Oxide Nanoparticles Market Segmentation

By Type:

  • Metal Nanoparticles
    • Titanium
    • Silicon
    • Aluminum
    • Iron
    • Gold
    • Copper
    • Silver
    • Magnesium
    • Platinum
    • Zinc
    • Others
  • Metal Oxide Nanoparticles
    • Titanium Oxide
    • Bismuth Oxide
    • Zinc Oxide
    • Magnesium Oxide
    • Aluminum Oxide
    • Iron Oxide
    • Copper Oxide
    • Tungsten Oxide
    • Others

By End-use:

  • Chemicals & Coatings
  • Pharma & Healthcare
  • Transportation
    • Automobile
    • Marine
    • Aviation
  • Personal Care & Cosmetics
  • Electrical & Electronics
  • Defense
  • Others

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More Insights into the Metal & Metal Oxide Nanoparticles Market

The United States is anticipated to dominate the North American region attributed of the better healthcare infrastructure & high investment in the healthcare segment. An important benefit of using nanoparticles for medical applications comprises their capacity to transport active ingredients.

One advantage of this is that therapeutic molecules can be anchored to their surface due to their large surface area. The Metal & Metal Oxide Nanoparticles market in the U.S. is expected to reach about US$ 15,128.3 Mn by end of the year 2032.

European cosmetics and personal care market is anticipated to go alongside the U.S. The largest national market for cosmetics and personal care products within Europe is Germany according to Cosmetics Europe Association. Therefore, the Metal & Metal Oxide Nanoparticles market in Germany is expected to expand at a CAGR of 14.1% during the forecast period.

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Future Market Insights (ESOMAR certified 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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Silicon Photonics Market totaling a valuation of over US$ 6 Billion by 2032

In silicon photonics technology, silicon is used as a platform for the photonic circuits to create optical communication system which is highly integrated. The modern trend of miniaturization of electronic devices with increasing requirement for speed and efficiency as well as keeping the cost economical, has led to the increase in demand for the global silicon photonics market. This has led to the silicon photonics market becoming an interesting avenue globally as it has the advantage of requiring low power consumption, having higher density of interconnects, higher integration and reliability. The global silicon photonics market is anticipated to grow with two digit compound annual growth rate.

Silicon Photonics Market: Drivers & Restraints

The largest market for global silicon photonics market is data communication, as the protocol is providing services which is surpassing optical and copper technologies. The government providing financial support and the growing demand for the transference of data is driving the growth of global silicon photonics market. Demand for global silicon photonics market is also driven by covering distance or data rates which have not been provided by vertical cavity surface-emitting lasers (VCSELs), providing faster data rates while maintaining low cost. Various constraints for the global silicon photonics market are high cost as the companies have to develop the Computer-aided engineering/Computer-aided design (CAE/CAD) on their own and competition with VCSEL which is available at a low cost.

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Silicon Photonics Market: Segmentation

On the basis of application, global silicon photonics market can be segmented into:

Telecommunications
Datacom
High Performance Computer (HPC) and data centers
Medical
Sensing and instruments
Defense/aerospace industries
Research and development
Others (consumers-connecting PCs with HDTVs and desktop PC devices, commercial video, etc.)

On the basis of products, global silicon photonics market can be segmented into:

Silicon optical modulators
Wavelength division multiplexer filters
Silicon photo-detectors
Silicon photonic waveguides
Others (silicon led, silicon optical interconnects, etc.)

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Silicon Photonics Market: Region-wise Outlook

In terms of region, North America has the highest market for silicon optical modulators and wavelength division multiplexer filters. North America is becoming an attractive destination for the companies to launch the silicon photonics market due to government support and increase in demand for the data transfer but Asia-Pacific has the highest CAGR for global silicon photonics market due to rising population, increase in urbanization and growing demand for data transfer.

Silicon Photonics Market: Key Players

Some of the identified key players in the global silicon photonics market are Infinera, NeoPhotonics, Avago technologies, Luxtera, Mellanox technologies, OneChip Photonics, Cisco, Skorpios technologies, Photline technologies, etc.

Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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Vehicle Analytics Market is likely to secure a CAGR of 15.3% through 2032

Future Market Insights (FMI) in its most recent report projects that the worldwide vehicle analytics market will remain at around US$ 2,370 Mn toward the finish of 2022, mirroring a better than expected CAGR. The report finds that the quick reception of vehicle analytics is part of the way attributable to interest for more prominent travel comfort, particularly from travelers in urban areas.

Additionally, the developing necessities of further developing the current vehicle structure that is attempting to deal with the steadily expanding traffic pressure is supposed to impact the development of the market over the figure period. Vehicle analytics is turning out to be very fundamental for armada proprietors or transport specialist co-ops as it helps them in working on armada the board and administration contributions, which is turn helps in making more business.

Developing worries over street security and work to decrease travel length is portraying the quick reception of vehicle analytics. Further a large number of the car organizations are moving forward speculations to foster further developed vehicle scientific instruments that can work with complex insightful necessities, including video help, armada checking, explorer information, course planning arrangement, traffic analytics and prescient analytics.

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These feature can transform traffic management if utilized effectively. Concurrently, increasing popularity of autonomous cars is expected to propel the demand for vehicle analytics. With the help of vehicle analytics, autonomous cars likely to become for safer and pragmatic.

Modern consumers are becoming increasingly aware about automotive technologies that can effectively monitor, manage and streamline travel, which is expected to have a positive impact on the global market for vehicle analytics. Automotive companies are utilizing vehicle analytics to analyze vehicle performance, detection of component malfunctioning and prevent road collisions. Increasing demand for cars and robust infrastructural development in emerging countries such as China, India and Brazil is also expected to support the growth of global market for vehicle analytics in the forthcoming years.

Global Market for Vehicle Analytics: Key Segment Analysis

On the basis of End-Use, the automotive OEM segment is expected to hold its top spot in 2017 and beyond. This mainly due to increasing of vehicle analytics by automotive OEMs to improve the product performance and offer cutting-edge services. Currently, the segment command for the largest revenue share of the global market. In addition, the segment is expected to reach a valuation in excess of US$ 1,100 Mn towards the end of 2022, reflecting a sound CAGR.

On the basis of application, the driver behavior analysis segment is likely to maintain its dominance over 2022. In modern cars, deriver behavior analysis can be of high importance as it can provide information on driver’s concentration levels, driving capabilities and driving skills. Moreover, deriver behavior analysis can also help address the issues of distracted driving. The driver behaviour analysis segment currently commands for a significant share of the market share of the in terms of revenues and is expected to remain highly attractive during the forecast period.

Among regions, the market in North America will continue to the largest over 2022. The region is expected present lucrative growth opportunities for market participants in the near future. Meanwhile, Revenue from Europe vehicle analytics market is projected to witness a CAGR of 16.1% and surpass a valuation of US$ 600 Mn by 2022-end.

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Global Vehicle Analytics Market: Key Players

SAP SE, Genetec Inc., INQUIRON LTD, SAS Institute Inc., Acerta Systems Analytics Inc., Automotive Rentals, Inc., Microsoft Corp., IBM Corporation, Agnik Llc, and Amodo Ltd. are the leading market participants profiled in FMI’s report. A majority of these companies are actively focusing on improving their service offerings to cater to specific requirements of their customers.

Market Segmentation

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Component:

  • Vehicle Analytics Software Platform
  • Professional & Consulting Services
  • Managed Services

 End-User:

  • Automotive OEM
  • Government
  • Insurance Provider
  • Fleet Owner
  • Others

Application:

  • Driver Behavior Analysis
  • Traffic Management
  • Fleet Behavior Analysis
  • Predictive Maintenance
  • Location Based Services
  • Infotainment
  • Other Applications

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Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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Optical Sensor Market projected to rise at a robust CAGR of around 9.5% from 2022 to 2032

Optical Sensor Market : Optical sensor converts the light into electric signals. It measures physical quantity of light and converts light into form which can be interpreted by instrument. Optical sensor is connected to electrical trigger which can reacts as per change in signal. Optical sensor has ability to measure change in wavelength of light. Optical sensor works with either single point method or through distribution point method. In single point method single phase change is required to activate the sensor. In distribution point method, the sensor is reactive along a series of sensors.

Optical sensors have been evolved significantly since its introduction during the last four decades. Technological advancement in last decade have resulted in development of optical sensors that have been developed to be suitable to work with a wide range of wavelength from ultraviolet (UV) to infrared (IR).

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Global Optical Sensor Market Segmentation

Globally, the optical sensor market is segmented on the basis of sensor type, applications and region. Optical sensor has various application in Consumer electronics, automation, industrial process control, energy & utility, Military & Defense, transportation & navigation and others. The consumer electronics application holds biggest market share in optical sensor market. On the basis of type, global optical sensor market is segmented into – Fiber Optics, Image sensors, Position sensors, Ambient Light sensors, Proximity sensors, Infrared sensors and others.

Global Optical Sensor Market: Region-Wise Outlook

By region the global solid-state drive market can be segmented into seven region such as North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Japan as a separate Region, Eastern Europe, Middle East and Africa region. The global optical sensor market is characterised by high competition and presence of few big players and several small regional players. The global Optical sensor market is expected to reflect a double digit CAGR over the forecast period.

At present, share contribution of North America is highest in global Optical sensor market. Asia Pacific region followed by Western Europe and Japan is expected to reflect highest CAGR over the forecast period. Latin America and Middle East & Africa are expected to experience slow growth as compared to other geographic regions. Increase in shipment of optical sensor in Asia-Pacific region is attributed to increase in demand of handheld and mobile devices in developing region such as China and India.

Global Optical Sensor Market: Drivers

The optical sensors market has gained a significant market in the last couple of years. Significant developments and innovations are taking place in global optical sensor market. Due to this, market is expected to reflect exponential growth over the forecast period. The factor that drive the growth of global optical sensor market is significant increase in demand of optical sensors for wide range of applications. Use of optical sensors in various applications such as oil & gas, border security and smart homes applications has boosted the growth of optical sensor market.

On other hand, lack of standardization and high cost hinders the growth of optical sensor market. Furthermore, lack of awareness and less acceptability of optical sensors is responsible for hampering the growth of optical sensor market. Tremendous opportunities lies in developing optical sensors for emerging applications.

Global Optical Sensor Market: Key Players

Some of the top companies present in global optical sensor market are Waloong Electric Instruments Co. Ltd., Solution Galore Electronics, Shanghai Lanbao Sensing Technology Co. Ltd, Profelmnet, I-Linear Automation Sdn Bhd, ZeeAnn, Shenzhen Leini-Lile Technology Ltd and Medel Elektronik. These players focus on strategic collaborations with big players in semiconductor and automation industry in order to enhance their footprints in wide range of applications. Efforts are needed to develop low cost fabrication process for optical sensors.

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Key Segments Profiled in the Optical sensor Industry Survey

Sensor Type:

  • Fiber Optics
  • Position Sensors
  • Image Sensors
  • Ambient Light Sensors,
  • Proximity Sensors,
  • Infrared Sensors
  • Others

Application:

  • Consumer Electronics
  • Automotive
  • Industrial Process Control
  • Military & Defence
  • Energy & Utility
  • Transportation & Navigation
  • Others

Region:

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

Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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Future Market Insights (ESOMAR certified 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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Agricultural Equipment Market totaling around US$ 108.86 Billion by 2032

The global agricultural equipment market is expected to be valued at US$ 68.12 Billion in 2022. With the increasing growth of the farm mechanization, coupled with the increase in investments by OEMs for Agricultural Equipment, the overall demand for agricultural equipment is projected to grow at a CAGR of 4.8% between 2022 and 2032, totaling around US$ 108.86 Billion by 2032. The demand for agriculture tools is growing year on year. The governmental bodies provide the appropriate interest schemes to farmers by investing in their farm tools business. Also, the materialization of contract farming has also boosted market growth.

Key players are concerned about endorsing gears approved by international standards such as ISO 25119 Series. It was developed by ISO technical committee ‘ISO/TC 23, Tractors and Machinery for agriculture and forestry, subcommittee SC19. These standards are acknowledged by a run for a longer time period and do not need any recovery time.

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The adoption of technologies including mechanized IoT implementation, AI-based equipment, GPS-enabled equipment, flying drones is aiding the market growth opportunities. Modern agriculture equipment is influencing the manufacturers to develop products that could meet the end-users’ demand. The mechanized equipment are controlled by remote devices through the integration of IoT, which helps to reduce the operational cost and relative operational time.

Additionally, A.I. technology has advent robotics by implementing agriculture robotics, including autonomous tractors, ground-based sensors, and others that help produce food at reasonable costs. This technology has immensely boosted digitalization in the agriculture sector.

The primary factor contributing to the growth of this market is advancement in technology and the increasing adoption of advanced equipment in agriculture furthermore the increasing usage of cost-cutting methodologies for designing farm equipment is contributing to the growth of this market, in addition to this, the growing population has to lead to increased demand for food this is also a major factor driving the growth of Agricultural Equipment Market.

Moreover, the initiatives taken by the government to provide subsidies are having a positive impact on this market. In addition, companies are educating farmers about the loan policies, credit financing and other benefits of contract farming is another factor boosting the market growth. A shift in agriculture activities from animals or manual operations to the automated method is the major factor propelling the growth of the agricultural equipment market.

Key Takeaways from the Market Study

  • Agricultural equipment market value surged at a 1.9% CAGR from 2017 to 2021, reaching US$ 65 Billion
  • North America to emerge as the kingpin, expected to accumulate 54% revenue in 2022
  • Asia Pacific to be a significant contributor, yielding over 2/5th of market revenue
  • Middle East & Africa attracting major investments, generating 36.7% revenue in 2022
  • Agricultural tractors to be most sought after equipment, capturing a market share of 32%
  • By ownership, rental-based equipment to amount to under one-third of overall revenue

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The adoption of technologies including mechanized IoT implementation, AI-based equipment, GPS-enabled equipment, flying drones is aiding the growth opportunities for the Agricultural Equipment Market, remarks an FMI analyst.

Competitive Landscape

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

  • In January 2022, John Deere revealed a fully autonomous 8R tractor. The new tractor features with TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies including six pairs of stereo cameras enabling 360-degree obstacle detection and calculation of distance, and a deep neural network that classifies each pixel of each image in 100 milliseconds.
  • In December 2021, New Holland Agriculture designed a Straddle Tractor to meet the demanding requirements of the narrow vineyards typical of the premium wine growing regions such as Champagne, Médoc, and Burgundy.
  • In November 2021, John Deere developed new material collection systems and mechanical grappleS for compact utility tractors. The New Frontier MG20F Mechanical Grapple offers a quick-attach solution for fast installation and features a 1,200-pound (544 kg) lift capacity.

Key Segments Covered in the Agricultural Equipment Industry Analysis

Agricultural Equipment Market by Product Type:

  • Tractors
  • Rotavators
    • Wheel Type
    • Crawler Type
  • Threshers & Dehuskers
    • Wheel Type
    • Crawler Type
  • Power Tillers
    • Wheel Type
    • Crawler Type
  • Power Weeder
    • Wheel Type
    • Crawler Type
  • Plough
  • Baler
  • Seed Drill
Agricultural Equipment Market by Category:
  • Tractor Pulled / Attachment
  • Self-Propelled
Agricultural Equipment Market by Ownership:
  • Individual
  • Rental
Agricultural Equipment Market by Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

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Computer Aided Design (CAD) Market is projected to grow at a CAGR of 6.1% between 2022 and 2032

The global computer aided design (CAD) market is projected to reach US$ 18,570.5 Mn in 2032, with demand growing at a positive CAGR of 6.1% over the duration of 2022 to 2032. Valued at US$ 10, 250 in 2022, the computer-aided design market is propelled by its large-scale application in multiple end-use industries. Many manufacturing industries are increasingly adopting CAD platforms. This bodes well for the future prospects of the computer-aided design market.

An alternative to the manual drafting method, computer-aided design (CAD) is a software that is used for design documentation and manual designing. This software automates mechanical designing and optimizes the manufacturing and development process by producing a detailed image of the product as well as providing information about the material, dimensions, tolerances, etc., of the product. The computer-aided design software is gaining traction due to the growing adoption of different virtual platforms for various processes by industries all over the world. Numerous manufacturing industries are going digital and utilizing CADs for product development. In addition to this, designs produced with the help of CAD platforms are used at various stages of the product’s manufacturing process such as concept verification, design verification, failure verification, and many others.

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The computer-aided design platforms also ensure an enhanced quality of the product during the development phase itself. In recent years, the computer-aided design platforms are largely used in the automotive industry and the original equipment manufacturers (OEMs) are constantly concentrating on bettering the design parameters. Thus, the expanding automotive sector is predicted to boost the sales of the computer-aided design market over the projected period.

“Rising adoption of CAD platforms in various end-use industries, especially in the manufacturing and automotive industries is expected to foster the global market growth of computer-aided design over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Heightened application of CADs in the automotive sector to bolster market growth.
  • The computer aided design market in North America is mainly driven by additional funding from the U.S.
  • Europe is counted as the second largest computer aided design market.
  • Asia Pacific is likely to exhibit tremendous demand for the computer aided design market over the forecast period.
  • By design type, the 3D segment is expected to dominate the market.

Competitive Landscape 

Dassault Systemes, PTC, Nanosoft, VariCAD, Cadonix Ltd., Caddie Software, Kubotek the USA, Autodesk Inc., Siemens Product Lifecycle Management Software Inc., Fuji film Corporation, Graebert GmbH, Trimble Inc., ALPI International Software, and IMSI Design LLC among others are some of the principal players in the computer aided design (CAD) market profiled in the full version of the report.

Major market players are employing strategies like acquisition and mergers to improve their market presence. These businesses are also keen on offering better product with upgraded features to the consumers.

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More Insights into the Computer Aided Design (CAD) Market Report

In its latest report, FMI offers an unbiased analysis of the global computer-aided design cad market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on design type (3D computer aided design, 2D computer aided design), operating system (computer aided design for Windows, computer aided design for Unix, computer aided design for Linux, computer aided design for Mac OS X), and region.

According to the latest FMI reports, based on region, the computer aided design market in North America is expected to flourish over the forecast period. Accounting for 39.8% of the global market share in 2021, the regional CAD market is primarily driven by extensive application of CAD platforms in the packaging and manufacturing industries. Additional funding provided by the U.S. government for digitization will likely augment the market growth in this region.

In Europe, the computer aided design (CAD) market will exhibit impressive growth over the assessment period. The region is the second largest revenue generating CAD market, holding about 22.9% of the overall market share. This growth can be attributed to the growing CAD markets in countries like the U.K., France, and Germany. The extensive application of CADs in healthcare has also made significant contributions to the target market growth in this region.

The Asia Pacific computer aided design market is predicted to offer multiple lucrative market opportunities over the forecast period. The region is expected to present rapid growth rate throughout the observation period. Immense development in the region’s engineering and design sector is aiding the regional market growth.

Based on segmentation, by design type, the 3D segment is likely to dominate the market over the forecast period due to increasing demand for precision designing and the rapid digitalization of various industries.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

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Related Link :

https://likefm.org/blog/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://theamberpost.com/post/simulation-software-market-2022-size-growth-analysis-report-forecast-to-2032

https://techplanet.today/post/simulation-software-market-2022-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-2032

https://hackmd.io/igbdwYkwRMWOhZviBdx_9w

About Us

Future Market Insights (ESOMAR certified 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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