Market Research Blog – Page 9957 – New Product Development

Navigation Switches Market is Anticipated to Grow at a CAGR of 8.4% from 2022 to 2032 – Report by FMI

The worldwide navigation switches market holds an estimated portion of US$ 560 million of every 2022 and is probably going to outperform US$ 1250 million by 2032, pushing forward with a CAGR of 8.4% during the gauge time frame (2022-2032).

The market for navigation switches is expected to observe sound development rates in the figure period, attributable to expanding tendency of merchants towards security in auto industry. A navigation switch fundamentally comprises of a stick with a few pushbuttons on it.

The development of stick enacts one out of the four pushbuttons to be specific up, down, left and right. There can be many sorts of navigation switches, for example, joystick, thumb stick, trackball, thumbwheel and some more.

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Global Navigation Switch Market: Market Dynamics

The shift of focus of vehicle manufacturers towards safety as well as increasing use of multi-function gaming consoles are the main factors driving the market for navigation switches. Automobile manufacturers are continuously focusing towards the integration of safety systems in order to protect customers from dangerous situations.

This has led to an exponentially increased use of navigation switches in the safety components of automobiles. Also, the demand for fly-by-wire technology is increasing. The fly by wire technology provides various advantages such as reduced aircraft weight, reduced costs, simpler communication, reduced maintenance and many more. As the adoption of fly-by-wire aircrafts increase, the market for navigation switches is anticipated to rise exponentially in near future.

However, increasing gaming on smartphones and tablets is hindering the growth of the market. Owing to its cost-effectiveness, gamers are shifting to smartphones. As the trend of gaming on smartphones increases, it can thwart the market growth for navigation switches.

Global Navigation Switch Market: Segmentation

Global Navigation Switch market is segmented on the basis of application and region.

On the basis of application, the global Navigation Switch market can be segmented into aircrafts, gaming consoles, automobiles and others.

Global Navigation Switch Market: Competition Landscape

The key vendors in the global Navigation Switch market are Adafruit Industries, APEM, C&K Components, E-Switch and Grayhill. Collaborating with other players in the navigation switches market is the key strategy followed by major market vendors to gain competitive edge.

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Global Navigation Switch Market: Regional Outlook

Regionally, the global Navigation Switch market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The North America is the largest contributor to Navigation Switch market owing to high focus on safety in the region with a high inclination towards innovations obtained from Research and Development (R&D). Asia Pacific is however anticipated to witness highest CAGR in near future. North America, followed by Europe, is the second largest contributor to the market and is expected to witness moderate CAGR in near future.

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 industry.

How is the Start-up Ecosystem in the Navigation Switches Market?

As navigation switches are operating in multiple product lines and catering to multiple industries, some niche players serve a limited segment of consumers and the defense industry.

Honeywell launches new products to increase productivity and efficiency across the supply chains.
Northrop Grumman is ready to acquire the company i.e., Rival Orbital.
Arista Networks announced the acquisition of Big Switch Networks on 13th February 2020, an SDN (Software Defined Networking) pioneer. Arista’s software platform CloudVision and DANZ (Data Analyzer) capabilities will be strengthened by the acquisition of Big Switch.
Juniper Networks announced on 7th December 2020 that it has entered into a definitive agreement to acquire Apstra, a leader in intent-based networking and automated closed-loop assurance. By using AI-driven automation, Juniper is changing the way networks are built, operated, and secured in the cloud era.

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Key Segments

By Type:

5-Way
4-Way

By Application:

Gaming Consoles
Aircraft
Automobiles

By Sales Channel:

Direct
Indirect

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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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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Cellular Repeater Market is Projected to Display a Growth of 25.2% CAGR during Forecast 2022 to 2032 | Report by Future Market Insights, Inc.

The worldwide cellular repeater market is supposed to be esteemed at US$ 1,150 Million of every 2022, expected to arrive at US$ 10,874 Million by 2032. A CAGR worth 25.2% is normal for the market during the 2022 – 2032 gauge time frame.

Cellular Repeaters are broadly open in the market in various designs, including cellular speakers, cellular enhancer repeaters, cellular telephone enhancers, and double band cellular speakers. To forestall unfortunate sign gathering, the devices get signals from cellular pinnacles and retransmit them all the more actually.

Cellular repeater is an emerging technology device designed to repair areas of weak cellular reception, with the help of by the usage of a reception antenna, a signal amplifier and a transmission antenna.

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Major components of a cellular repeaters are external directional antenna, internal rebroadcast antenna and signal amplifier.

With weak signal coverage is one of the key reasons for cellular subscriber churn, deployment of cellular repeater for improving coverage in localized areas is becoming a popular practice to overcome problems associated with signal coverage.

Generally, these devices are installed in homes and offices as personal cellular repeaters to overcome such coverage problems.

Cellular Repeaters are available in market in the form of various forms such as cellular amplifiers, cellular amplifier repeaters, dual band cellular amplifier, and cellular phone amplifiers.

These devices capture signals from cellular towers and retransmit them with greater efficiency to avoid weak signal reception.

In 2013, FCC (Federal Communications Commission) approved new rules for cellular repeaters to introduce a compromise solution between technology manufacturers and wireless operators.

Under these new rules FCC defined 2 types of cellular repeaters – Wide-band (or broadband) & Carrier specific (or provider specific) cellular repeaters.

Market Dynamics

Major factors expected to drive the growth in adoption of cellular repeaters are – growth in cellular market, efforts from cellular operators to eliminate problems such as dropped calls, poor voice quality, stuck text messages, and slow internet speeds.

Additionally, there is an increased adoption of cellular repeaters among people living in high-rises, as the buildings are closely packed and most residents do not get proper mobile network.

Although, cellular repeaters facilitate improved coverage for operators, these devices are still not deployed on a broad scale. This can be attributed to the factors such as high device costs, installation costs and health threats due to harmful radiations.

However, continuous improvements in technology regarding enabling the installation process to be executed by the cellular repeater itself, and reduced cable requirement such as power, etc. to be made by the user – the installation of an external antenna would require additional installation – these cellular repeaters are now becoming more of a reality.

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Key Market Players

Key players operating in the global cellular repeater market are Wilson Electronics (weBoost), Surecall, Smoothtalker, Uniden and SolidRF Technolgy Inc.

With the concept of cellular Repeater being both evolutionary and of sufficient value, number ofvendors are expected to bring cellular repeater and similar products to market over the next years.

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 industry.

Market Competition

The key players of this market include Wilson Electronics (weBoost), Surecall, Smoothtalker, Uniden and SolidRF Technology Inc., Stelladoradus, Comba Telecom Systems Holdings Ltd., Phonetone, GRENTECH, Ningbo Sanwave Mould Manufacturing Co.,Ltd, Shenzhen Phonetone Technology.

Wilson Electronics, the industry leader in cellular repeater technology, announced the release of the weBoost app in May 2022. The free mobile app guides consumers through the installation of all weBoost’s self-install automobile and home solutions. The revolutionary app, which is available on the Apple App Store and Google Play Store, provides users with simple videos and instructions, as well as a cell tower finder and cell signal strength reading, so they can start enjoying the benefits of their weBoost cell signal boosters right away.

Start-up Scenario

The start-ups in this market are mainly focussed at utilizing the newer technologies and enhancing the range and bandwidth of the communication signals.

Shenzhen Phonetone Technology specializes in manufacturing cell phone signal booster and repeater devices for major markets such as Europe, North America, and Australia. Their products include a mobile phone booster repeater extender, a signal booster amplifier kit, a cell phone pepeater tiny amplifier, and many others.

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Key Segments Profiled in the Global Cellular Repeater Market Report

Cellular Repeater Market by Product:

Analog Cellular Repeater
Digital Cellular Repeater

Cellular Repeater Market by End User:

Cellular Repeaters for Residential Use
Cellular Repeater for Commercial Use
Cellular Repeaters for Cellular Carriers

Cellular Repeater Market by Region:

North America Cellular Repeater Market
Latin America Cellular Repeater Market
Europe Cellular Repeater Market
Asia Pacific Cellular Repeater Market
Middle East & Africa Cellular Repeater Market

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Portable Gas Detection Equipment Market is conjecture to develop at a CAGR of 4.3% from 2022 to 2032

The Portable Gas Detection Equipment Market revenues were estimated at US$ 1.6 Bn in 2021 and is anticipated to grow at a CAGR of 4.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 2.5 Bn. The United States is expected to have the highest market share of US$ 662.1 Mn by the end of 2032.

Increased shale gas production, as well as technical advances in extraction, are expected to drive market growth in the United States. Natural gas is becoming more popular as a transportation fuel due to growing petroleum prices and environmental concerns. As a result, the increasing number of natural gas filling stations is increasing the demand for natural gas detectors to prevent mishaps.

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Key Takeaways from the Market Study

Global Portable Gas Detection Equipment Market is expected to reach a market size of US$ 1.7 Bn by 2022.
The Non-Wearable segment, is expected to have the highest CAGR of 3.7% during the forecast period.
United States to remain the most dominant market with absolute dollar growth opportunity of US$ 227 Mn during 2022 – 2032.
The market in China is set to experience the highest CAGR of 4.8% during the 2022-2032 forecast period.

“During the projected period, the increase in the incidence of hazardous gas leakages in various industries, increased demand for gas detectors integrated with IoT and AI technologies and rising environmental concerns will help in raising the Portable Gas Detection Equipment market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Portable Gas Detection Equipment Market are focused on R&D to produce innovative technological solutions.

In April 2020, MSA introduced the TG5000 Gas Monitor, which in a range of light industrial applications, it detects oxygen, flammable, and hazardous gases. The TG5000 Monitor, with its large LCD and four relay outputs, may operate completely independently or be linked to a control system through a 4-20 mA output.
In October 2020, Honeywell introduced a new gas detection system to assist semiconductor manufacturing plants and other businesses in monitoring job sites, protecting employees and assets, and reducing downtime. The Vertex Edge allows workers to quickly analyze gas readings, warnings, event logs, real-time trends, and overall system status. It also has a basic touchscreen with large display icons.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Portable Gas Detection Equipment Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Portable Gas Detection Equipment Market across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Portable Gas Detection Equipment Market Analysis

By Product Type:

Wearable Gas Detectors
Non-wearable Gas Detectors
- Sniffer
- Others

By End-Use:

Oil & Portable Gas
Mining
Industrial
Building Automation
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Pixel Pitch LED Market is Projected to be a Valuated at US$ 13.6 Bn from 2022 to 2032 – Report by FMI

The Pixel Pitch LED Market revenues were estimated at US$ 1 Bn in 2021 and is anticipated to grow at a CAGR of 17.4% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 13.6 Bn. Digital Signage segment is forecasted to grow at the highest CAGR of over 18.1% during 2022-2032.

Users need their message to be seen which makes pixel pitch important in digital signage. Pixel pitch LED screens has a direct effect on the optimal viewing distance. The ability to see individual pixels allows the viewer to approach the display more closely without being distracted. The lower the pitch, the closer the viewer can stand to the screen while still seeing a clear image.

A higher pitch is required for closer viewing situations, such as an airport, chain store, live stream studios, or any other location where people will be in close proximity and will want to read the information. A lower pitch is used for long-distance viewings, such as in a sports stadium with hundreds of yards of spectators.

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The presence of Xtreme Media in India Virtual production opens up a plethora of creative and cost-effective options. Traditional production necessitates a dedicated crew, whereas virtual production drastically reduces costs. Because everything is done on a large screen, there are no complicated settings, which saves time.

It does not entail moving data and files around before combining them into a single composite whole. As coding allows the director to add additional components to any scene, the visuals become more creative. It drastically cuts post-production time. Therefore, the only area where work is increasing is pre-production.

Key Takeaways from the Market Study

Global Pixel Pitch LED Market is estimated to reach a market size of US$ 2.7 Bn in 2022.
The Digital Signage segment, is expected to have the highest CAGR rate of 18.1% during the forecast period.
United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 4.9 Bn during 2022 – 2032.
The market in India is set to experience the highest CAGR of 26.6% during the 2022-2032 forecast period.

“During the projected period, the increase in the use of fine pixel pitch LED displays in events and advertising, as well as an increase in the use of fine pixel pitch LED displays in the transportation sector will be a key driver in raising the Pixel Pitch LED market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

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

In June 2022, the largest LED screen in Europe, measuring 1,020 square metres, was installed on a high-rise building near Austria’s busiest road, just south of Vienna. A semi-transparent LED screen was designed and installed by the Croatian company Rineo Sign Factory, who used approximately 1,400 cabinets of Absen transparent LED modules.
In May 2021, PixelFLEX’s EF Series product line features a new line of tour production quality LED displays. The new EF Series Assembly line provides more detailed cost flexibility. The EF Series assembly line offers a feature-rich and cost-effective indoor LED lighting solution. With rising options ranging from 1.9 to 4.8 and brightness up to 1,200 Nit, the new EF Series as a whole is an outstanding solution for meeting spaces, religious institutions, and organizational facilities.
In September 2020, the Planar HRO Series of high pixel density outdoor LED video walls was introduced by Planar. The Planar HRO Series adds a fine pixel pitch LED with high brightness for close-up daylight video viewing to the company’s LED display solution product line. It also delivers powerful visual experiences to audiences even in direct sun.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Pixel Pitch LED Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Pixel Pitch LED Market in terms of Type (Upto 3mm, 2mm to 1mm, <1mm), Application (Broadcast Screens, Digital Signage, Control Room and Monitoring, Visualization and Simulation, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Pixel Pitch LED Market Analysis

By Type:

Upto 3mm
1mm to 2mm
<1mm

By Application:

Broadcast Screens
Digital Signage
Control Room and Monitoring
Visualization and Simulation
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Animal Health Software Market is Poised to Attain a Rapid CAGR of 10.2% from 2022 to 2032 – Report by FMI

The Animal Health Software market revenues were estimated at US$ 1.6 Bn in 2021 and is anticipated to grow at a CAGR of 10.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1.6 Bn. Patient demand is being driven by their growing need from veterinary practitioners, which is a primary driver of market growth.

Furthermore, in the coming years, increasing knowledge about the benefits of employing software solutions, as well as an increase in clinical visits by pet owners, are likely to promote the use of software solutions in veterinary clinics.

A growth in companion pet ownership, as well as worries about pet health, are influencing the animal health business. A greater emphasis on the safety and efficiency of animal production is another key factor for market growth.

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Since these systems assist practitioners in supporting and recording various standards of care protocols, healthcare recommendations, keeping track of the patient’s condition with invoicing and billing, strategic planning, inventory tracking, and overall treatment procedure management, market growth is expected to be fueled by the growing demand for Practice Management Software.

The Animal Health Software market reached a valuation of US$ 1.6 Bn in 2021 increasing by 8% during 2022 – 2032. Future Market Insights estimates that Animal Health Software revenue will grow 2.6X from 2022 to 2032, reaching nearly US$ 1.6 Bn in 2032.

Revenue through Practice Management Software is expected to grow at a CAGR of 10.5%, during the forecast period.

On-premise segment is expected to grow at the highest rate of 9.8% CAGR, during 2022 – 2032.

Among countries, US is expected to produce the largest revenue of $675.7 Mn by 2032.

Competitive Landscape

The key Animal Health Software companies include IDEXX Laboratories Inc., Hippo Manager Software Inc., VetZ Limited, Esaote SpA, Henry Schein Inc, Patterson Companies, Vetter Software, Animal Intelligence Software, Timeless Veterinary Systems, ezyVet Limited, Britton’s Wise Computer, FirmCloud Corporation, Clientrax, VIA Information System, Finnish Net Solutions, Carestream Health, and OR Technology.

Some of the recent developments of key Animal Health Software providers are as follows:

In August 2021, Petabyte Technology announced a cooperation to improve the lives of veterinarians, their staff, and pet owners with revolutionary software. The two firms proposed collaboration to enhance Petabyte’s next generation of software in order to transform animal hospital operations and the pet parent experience.
Recently, the Veterinary Hospitals Association has managed to enter into a partnership agreement with PetDesk. This agreement provides all Veterinary Hospitals Association members with exclusive access to improved and simplified client communication solutions.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Animal Health Software market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product Type (Practice Management Software, Imaging Software), by Deployment Mode (On-premise, Cloud-based) By Practice Type (Small animals, Mixed Animals, Equine, Food-producing Animals, Others) by End-User (Hospitals/Clinics, Reference Laboratories) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Animal Health Software Industry Analysis

By Product Type:

Veterinary Practice Management Software
Veterinary Imaging Software

By Deployment Mode:

On-premise Animal Health Software
Cloud-based Animal Health Software

By Practice Type:

Small Animals
Mixed Animals
Equine
Food-producing Animals
Other Practice Types

By End-User:

Hospitals/Clinics
Reference Laboratories

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Water Proof E-Scooter Market Key Insights, Profiling Companies and Growth Strategies by 2032

The waterproof eScooter market is expected to escalate at a CAGR of 5.0% from US$ 5,106.2 Mn in 2022 to US$ 8,329.4 Mn by 2032.

The COVID-19 pandemic had an adverse influence on the waterproof eScooter market share. Due to imposed lockdowns and strict regulations to stay inside the home, and a reduction in consumer spending on non-essential items, the sales of waterproof eScooter decreased.

According to FMI analysts, more than 71% of eScooter models have water resistance ratings. (This is an increase from 40% in 2021). It’s crucial to note, however, that the level of protection provided by these classifications varies. Due to these characteristics, the sales of waterproof eScooter are on the rise.

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During the forecast period, sales of waterproof eScooter are expected to grow at the fastest rate. Higher performance (both speed and range), a stronger stem clamp, 4th generation frame, updated multi-switch, turn signals, motorcycle-grade horn, a footrest that acts as a grip, and a large rubber deck are some of the features of an ideal waterproof eScooter.

Due to these features, the waterproof eScooter market statistics are predicted to improve between 2022 and 2032. In response to the rising demand for waterproof eScooter, electric scooter manufacturers are focusing on launching powerful and durable eScooters.

Some eScooters have a top speed of 62 mph, which puts them on a level with ultra-high-performance cars and propels the demand for waterproof eScooters.

Another factor that fuels the sales of waterproof eScooter is the convenience it provides to the customers. A waterproof eScooter like Dualtron Thunder 2 provides a massive battery with more range than people require (106 miles maximum and 60 miles).

Furthermore, the battery is made up of high-quality cells, which are efficient due to their high energy density, resulting in the growing demand for waterproof eScooters.

Multinational companies (like Xiaomi, Ninebot, and Aovo) are providing multiple waterproof eScooters that provide users with a variety of options. This is anticipated to boost the sales of waterproof eScooter and waterproof eScooter market revenue growth in the forecast period.

The rapidly changing climate and increasing fuel costs are moving the waterproof eScooter share forward.

On the other hand, waterproof is a technical term with a fairly tight definition, which no electric scooter on the waterproof eScooter market today fully meets. This is a major factor restraining the growth of the waterproof eScooter market size.

Even the most water-resistant scooters are still simply water-resistant, and while most of them can handle some riding in the rain or snow and won’t suffer water damage very often, they are not strictly waterproof. The demand analysis of the waterproof eScooter market suggests that customers require a scooter that is 100% waterproof and can travel longer distances.

Water damage is almost never covered by any electric scooter warranty policy, which is an essential distinction both for how you should operate your waterproof eScooter and what will be covered by its guarantee.

As a result, demand for waterproof eScooter is majorly propelled by advertisements and marketing campaigns that reflect the latest current trends. Furthermore, a variety of factors such as celebrity opinions and favorable mentality of gen z customers have pushed buyers to embrace their image, thus the sales of waterproof eScooter.

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KEY TAKEAWAYS:

By type, two wheel category is expected to lead the waterproof eScooter market during the forecast period.
By IP rating, IP65 category dominated the waterproof eScooter market, due to its durability to last in every climate.
During the forecast period, the OEM segment is expected to dominate the waterproof eScooter market.
With the rising popularity of waterproof eScooters and increased spending on waterproof eScooter, the United States leads the market.
China waterproof eScooter market is forecast to grow at a highest CAGR of 18.7 during the forecast period.
Japan waterproof eScooter market is expected to develop rapidly in the global waterproof eScooter industry with a CAGR of 13.5% from 2022 to 2032.

COMPETITIVE LANDSCAPE:

Key companies profiled in the waterproof eScooter market report include Xiaomi Corporation, Voro Motors, Segway, Apollo Scooters, GOTRAX, Aovopro , INOKIM, and KAABO.

Many players in the waterproof eScooter market are focusing on launching stores in several countries as part of a joint venture strategy to expand their global reach. To extend their market share, leading market players are focused on various growth strategies such as research and development, mergers and acquisitions, and the launch of new waterproof eScooters.

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By Product Type:

Unicycle
Two Wheeler
Three Wheeler

By Wattage:

Up to 250 Watt
250 to 450 Watts
450 to 700 Watts
Above 700 Watts

By Battery Health:

Healthy
Good
Bad
Worst

By Distribution Channel:

OEM
E-Commerce
Others

By Type:

Lithium Ion Battery
Sealed Lead Acid Batteries
Nickel Metal Hydride Batteries
Others

By Regions:

Asia Pacific
North America
Europe
Middle East & Africa
Latin America

RECENT DEVELOPMENT:

Partnerships, Product Launches, Collaborations, and Agreements:

Xiaomi released the Mi Electric Scooter Pro 2 in 2021. It’s a customized Mercedes-AMG Petronas F1 Team Edition with a top speed of 25 km/h and a range of 45 kilometers.
In 2022, Aovo launched Aovo M365. It has a large and intelligent battery of 10.4 AH and a 350 W motor. Its brushless motor is one of its distinguishing features. This motor may easily allow your M365 Pro to go 30 to 35 kilometers after charging it 100 percent.

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Used E-Scooter Market Competitor Analysis, Winning Strategies and Growth Drivers 2032

As per the study at FMI, the used E-Scooter market was valued at US$ 671.2 million in 2022 and is expected to reach US$ 919.7 million by 2032, growing at a 3.2% CAGR.

People are turning towards electric vehicles as they help with environmental concerns, technological integrations and new fuel and cost-friendly prospects, fuelling the sales of used e-scooter in new regions.

Expanding components of electric vehicles and structuring the basic transmission of e-scooters are shaping the trends for the used e-scooter market.

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Aggressive pricing and cashback discounts coupled with online platforms coming up with wide segmentation that gives the end-user an enlarged analysis of the products that are industry-specific, fuelling the demand for used e-scooter in multiple regions.

Manufacturers are integrating with innovative platforms like Artificial Intelligence, Machine learning, and the internet of things (IOT), making the vehicles more advanced and futuristic.

Lucrative government schemes around electric vehicles, including e-scooters, providing subsidies to the end users also flourishes the used e-scooters market, helping the used e-scooter market expand its roots in the new regions.

The Used E-Scooter market has also been adversely impacted through the spread of the coronavirus as the manufacturing and research & development programs were shut, and the retail agencies along with showrooms have not been functional.

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KEY TAKEAWAYS:

Asia pacific is one of the highest growing regions for used E-Scooter market as developing country like India is booming at the CAGR 12.8% between 2022-2032while Brazil thrives at a CAGR of 9.5% through 2032.
Europe also share its fare amount of share in the used e-scooter market as European countries pledge to limit their carbon emissions. Governments run awareness initiatives so that citizens adopt electric vehicles. This drives more traction for used e-scooter market.
Lithium-ion battery is the biggest segment in the battery type category of used e-scooter market and will be the largest portion in the forecast period, owing to factors like high-performance delivery, longer shelf life and easy installation.
The two-wheeler segment is the largest segment and will hold the biggest portion of the market in the forecast period, attributed to the factors like common and popular use, easy availability and better price ranges coupled with new integrated technologies.
Vehicle manufacturers keep on experimenting with their designs and technology in order to attract the new set of customers, expanding the used e-scooter market.

COMPETITIVE LANDSCAPE:

Some of the used E-Scooter market players profiled in the FMI’s study are xiaomi corporation, glion, voro motors, segway, Apollo scooters, GOTRAX, INOKIM, KAABOO, Razor, Hover and Bird.

Key Segments

By Type:

Unicycle
Two Wheel
Three Wheel

By Wattage:

Up to 250 Watt
250 to 450 Watts
450 to 700 Watts
Above 700 Watts

By Battery Health:

Healthy
Good
Bad
Worst

By Distribution Channel:

OEM
E-Commerce

By Battery Type:

Lithium Ion Battery
Sealed Lead Acid Batteries
Nickel Metal Hydride Batteries

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Recent Developments

Voro motors have put its new set of refurbished electric scooters on sale including its latest EMOVE cruiser series, Dualtron and Wolf King with multiple battery options. This pushes the demand for used e-scooter market.
Razor has introduced its used e-scooter series including Eco smart metro and SUP with E300 and E100. This pushes the sales of used e-scooter in the new regions.

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Hybrid E-Scooter Market Key Players, Industry Overview, Applications and Analysis 2032

During the projection period of 2022 to 2032, the hybrid E-scooter market is expected to develop at a modest CAGR of 3.9% through 2032.

The worldwide hybrid E-scooter market is expected to be worth around US$ 3692.4 Million by the end of 2032, up from a net worth of US$ 2518.6 Million in 2022.

The worldwide impact of COVID-19 on hybrid E-scooter market growth has been unprecedented and devastating, causing myriad disruptions, with demand for hybrid E-scooter suffering across all areas as a result of the epidemic.

The high increase in CAGR is due to the demand for hybrid E-scooter and hybrid E-scooter adoption trends, which will revert as COVID-19 appears to be moving to endemicity levels. Therefore we may witness a flood of investment into projects to decarbonize and renew critical infrastructure.

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During the projection period, the growing demand for fuel-efficient automobiles, along with growing concerns about greenhouse gas and carbon emissions, is expected to increase the adoption of hybrid E-scooter and surge the hybrid E-scooter market opportunities.

The initial cost of a hybrid E-scooter is higher than that of a gas-powered one. However, rising social distancing awareness has resulted in a boom in demand for hybrid E-scooter and hybrid E-scooter adoption trends.

The growing popularity of hybrid E-scooter sharing programmes in countries has increased demand for hybrid E-scooter and escalated hybrid E-scooter market future trends.

Governments all around the world have developed strategies to encourage the adoption of hybrid E-scooter by providing different incentives to customers and producers in the form of subsidies. Support in the form of research and development initiatives is also a significant hybrid E-scooter market key trends & opportunities component.

KEY TAKEAWAYS:

Four stroke segments is likely to lead in the hybrid E-scooter market’s stroke sector through 2032.
China is the leading region in the hybrid E-scooter market, with an anticipated CAGR of 21% by 2032.
The United States’ hybrid E-scooter market is projected to have a CAGR of 16.9% in 2032.
The India’s hybrid E-scooter market is projected to have a CAGR of 13.2% in 2032.

COMPETITIVE LANDSCAPE:

Major firms such as Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, Silence Urban Ecomobility, Zhejiang Luyuan Electric Vehicle Co., and Hero Electric lead the hybrid E-scooter market size.

To raise their market share, leading hybrid E-scooter market procurement leaders are focusing on various growth hybrid E-scooter statistics like R&D activities, mergers and acquisitions, and new product launches.

These companies offer a diverse range of goods and solutions for the hybrid E-scooter market, have global distribution networks, and invest heavily in research and development to create new products.

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Key players

Yadea Group Holdings Ltd.
Jiangsu Xinri E-Vehicle Co., Ltd.
NIU International
Silence Urban Ecomobility
Zhejiang Luyuan Electric Vehicle Co.
Hero Electric

Key Segments

By Type:

Unicycle
Two Wheel
Three Wheel

By Stroke:

Two Stroke
Four Stroke

By Range:

40 to 60Km
60 to 80Km
80 to 100Km
Above 100Km

By Distribution Channel:

OEM
E-Commerce
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Recent Development in Hybrid E-scooter Market:

New Launches:

Yadea Group (China) used a newly designed in-wheel motor produced by Nidec Corporation in January 2022. (Japan). For the first time, Nidec has created an in-wheel motor for electric bikes. The new product is manufactured by Nidec in Pinghu, Zhejiang Province, and China.
The Yadea Group (China) unveiled the Y1S, an all-around smart lithium e-moped for commercial usage, in November 2021. The Y1S may be customised for bike-sharing, takeout operations, logistics, and other uses.

Collaboration:

Gogoro (Taiwan) announced collaboration with Dachangjiang Group (DCJ) and Yadea Group (China) to construct a battery-swapping network in China in May 2021. The DCJ and Yadea collaborated to create a line of two-wheel vehicles using the Gogoro network’s battery swapping platform. Vehicles developed under this collaboration utilised the Gogoro network programme, which allows vehicle manufacturer partners to combine their vehicle technology with Gogoro’s intelligent drivetrains and controllers, components, and smart systems.

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Folding E-Scooter Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

The folding e-scooter market is expected to escalate at a CAGR of 2.6%, from USD 626.8 million in 2022 to USD 806.3 million through 2032.

The COVID-19 pandemic has impacted the broader automotive industry, resulting in a subsequent drop in growth of the folding e-scooter market. However, government agencies’ strict emission rules, like emission standards for greenhouse gas (GHG) emissions, are propelling the folding e-scooter market share.

Increasing monetary and non-monetary incentives are assisting in the adoption of folding e-scooters. The recent folding e-scooter market trend is the demand for sustainable urban mobility and contemporary transportation infrastructure, which is pushing the transition from traditional to electronic forms of transportation. Folding e-scooters are projected to have a positive influence on energy security and air quality.

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Cities all over the world are preparing for a new era of urban mobility centered on the concept of using sustainable transportation vehicles across the city to minimize traffic congestion and pollution for a clean and fresh environment, resulting in increased demand for folding e-scooters.

Compared to the number of electric vehicles on the road today, the number of electric charging stations appears to be insufficient. Concerns regarding range are hampering the sales potential of folding e-scooters.

Governments all over the world have devised measures to encourage the adoption of folding e-scooters by providing financial incentives to both riders and chevaliers. Another major growth aspect of the folding e-scooter market is research and development programs.

Key Takeaways:

The folding e-scooter market is predicted to grow at a CAGR of 2.6% through 2032 due to consumer awareness and environmental concerns.
In the United States, the folding e-scooter market is estimated to have a CAGR of 10.8% through 2032.
The folding e-scooter market in China is expected to have a prodigious CAGR of 23.6% through 2032.
The folding e-scooter market in Japan is expected to have a steady CAGR of 16% through 2032.
The market for folding e-scooter in Japan is expected to be valued at US$ 806.3 million by 2032.

Competitive Landscape:

Major key players in the folding e-scooter market are Xiaomi Corporation, Pride Mobility Products Corp., Segway, Megawheel, GOTRAX, Shenzhen Iezway Technology, Spacepac Industries Pty Ltd, Turboant, E-Twow, Hiboy, INOKIM, Glion, Razor, Mercane Wheels, XOOTR, and EcoReco.

To extend their influence in the folding e-scooter market trends, these vendors have used a variety of organic and inorganic growth tactics.

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Key Segments

By Type:

Unicycle
Two Wheels
Three Wheel

By Load Variation:

Below 40kg
40 to 80kg
80 to 100kg
Above 100kg

By Battery Type:

Sealed Lead
Acid Battery
Lithium Ion Battery
Others

By Voltage:

24V
36V
48V
Above 48V

By Distribution Channel:

OEM
E-Commerce
Others

By Age:

Below 20 Years
20 to 30 Years
Above 30 Years

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

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RECENT DEVELOPMENT:

“Partnerships, Collaborations, and Agreements Remain the Key Strategies.”

NIU introduced two new scooters for the European market in January 2020: the NQi GT and the MQi Plus. The unveiling was done in conjunction with NIU’s Urban Mobility Summit in New York.
EuroSports Technologies (EST) of Singapore signed an MoU with Strides Transportation in April 2021 to develop, market, and distribute smart electric motorcycles.
BattRE Electric Mobility has released an IoT e-scooter in 2020 that includes navigation, ride data, remote diagnostics, anti-theft alarm, speedometer call warnings, and ride behaviour tips.

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Compact E-Scooter Market Size, Share, Growth Trends, and Forecast Analysis to 2032

The compact e-scooter market size accounted for about US$ 626.8 Million in 2022 and is anticipated to reach US$ 806.3 by 2032, advancing at a CAGR of 2.6% during the forecast period (2022-2032).

As traffic congestion worsens in and around major cities, commuters are compelled to choose either expensive modes of transportation or homes near the workplace; the compact electric scooter is a modern necessity, thereby spiking the overall demand for compact e-scooters.

The higher sales of compact e-scooters are contributed by those who do not live close to their workplaces and are forced to travel long distances resulting in an elevated transportation nightmare, leading many people to seek out smooth and efficient modes of transportation.

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The rising trajectory of compact e-scooter adoption trends is due to its advantages, including short distance coverage, travelling to locations, and the non-necessity of a four-wheeled vehicle while driving around the town.

People from various countries around the globe are contributing to the demand for compact e-scooters, owing to the e-scooter’s simplicity. When not in use, one can simply fold the scooter and store it anywhere.

The compact e-scooter market size is likely to be expanded as compact/foldable electric scooters are well-known for their fuel efficiency and low greenhouse gas emissions.

Li-ion batteries are lighter and more efficient than sealed lead-acid batteries. They have a higher density, encouraging many to opt for the same, soaring the compact e-scooter market growth.

Foldable electric scooters are a boon to commuters who must rely on public transportation. A compact e-scooter is a good option as it is incredibly compact and does not take up an excessive amount of space.

The same encourages many to opt for compact e-scooters, in turn, auguring well for the compact e-scooter market outlook.

Compact e-scooter market trends and forecast is facilitated by various features associated with compact e-scooters, including economical driving, low maintenance, safe driving mode and a maximum speed limiter.

The incorporation of advanced technologies and smart features in foldable electric scooters is catching consumers’ attention, and the same is likely to open up a wide array of compact e-scooter market opportunities.

The compact e-scooter market is categorized by type, load variation, battery type, voltage, age, distribution channel, and region.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/compact-e-scooter-market

Key Takeaways:

Based on age, on account of the growing trend of riding compact e-scooters to work, the adult segment accounts for the majority of compact e-scooter market share.
During the forecast period, the children segment is also expected to grow rapidly as the majority of manufacturers claim that children over the age of eight can use these electric scooters.
The Lithium-ion battery segment is expected to dominate the market during the forecast period attributed to its dependability and efficiency.
Due to the presence of a large number of e-scooter manufacturers, North America market is likely to bring about compact e-scooter market key trends & opportunities.
Rising pollution and the government’s increasing provision of financial incentives are driving up demand for compact e-scooters in Asia-Pacific.

Key Segments

By Type:

Unicycle
Two Wheel
Three Wheel

By Load Variation:

Below 40 KG
40 to 80 KG
80 to 100 KG
Above 100 KG

By Battery Type:

Sealed Lead Acid Battery
Lithium Ion Battery
Others

By Voltage:

24 V
36 V
48 V
Above 48 V

By Distribution Channel:

OEM
E-Commerce
Others

By Age:

Below 20 Years
20 to 30 Years
Above 30 Years

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

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Competitive Landscape:

Some of the key compact e-scooter companies include

Xiaomi Corporation
Pride Mobility Products Corp
Segway
Megawheel
GOTRAX
Shenzhen Lezway Technologies
Spacepac Industries Pty Ltd.
Turboant
E-Twow
Hiboy
INOKIM
Glion
Razoe
Mercane Wheels
XOOTR
EcoReco

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

TOC continued..!

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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