Rahul Gautam

  • Automotive Air-Conditioning Filter Market Analysis and Forecast to 2025

    The global automotive air filter market is expected to observe notable growth during 2019–2025 (forecast period) owing to the increase in production of automobiles around the world coupled with the rise in demand for efficient heating, ventilation, and air-conditioning (HVAC) systems in vehicles. In addition, increasing implementation and awareness of health and safety regulations are expected to encourage the adoption of automotive air-conditioning filters. These filters clean the air inside vehicles and also prevent pollutants, such as dust, pollen, smog, and mold spores, from entering into the cabin.

    On the basis of vehicle type, the market has been categorized into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger car category dominated the automotive air-conditioning filter market in 2018, owing to the substantial share of passenger cars in the total vehicle sales, globally. Passenger cars account for 80% of the total automobile production globally. Besides, the category is projected to continue leading the industry during the forecast period as well.

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    Asia-Pacific is expected to be the largest automotive air-conditioning filter market globally during the forecast period. This can be mainly ascribed to the rising production of automobiles in countries such as China and India. In addition, developing infrastructure and rising disposable income are expected to benefit the market growth in the region.

    There has been a considerable rise in the production of automobiles across the world in recent years. Since the sales of air-conditioning filters are dependent on the sales of automobiles, the rise in production of automobiles continues to propel the growth of the automotive air-conditioning filter market. In addition, the increased demand for comfort features in automobiles is resulting in the incorporation of air-conditioning systems in automobiles. Moreover, technological advancements have made air-conditioning systems more economical and efficient. Thus, the increase in demand for these systems in automobiles is expected to benefit the automotive air-conditioning filter market in the near future.

    The global automotive air-conditioning filter market is highly fragmented and competitive in nature. Besides, the market is characterized by high price sensitivity owing to the presence of a considerable number of small vendors who are constantly introducing innovative products in the market.

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    Some of the major players operating in the automotive air-conditioning filter market are DENSO Corporation, MANN+HUMMEL GmbH, K&N Engineering Inc., MAHLE GmbH, and Robert Bosch GmbH. Other important players in the market include Donaldson Filtration Solution, Freudenberg Filtration Technologies SE & Co. KG, Hastings Premium Filters, ACDelco Inc., Ahlstrom-Munksjö Oyj, ALCO Filters (Cyprus) Ltd., Baldwin Filter Inc., Hengst SE & Co. KG, Lydall Inc., Champion Laboratories Inc., Sogefi Group, Momentum USA Inc., and Scania AB.


  • Eyewear Market 2019 Size, Share, Development, Growth and Demand Forecast to 2024

    The global eyewear market is anticipated to grow in the coming half decade, due to increasing awareness of UV exposure dangers, rising number of visual deficiencies, demand for trendy sunglasses, and optical frames, along with increasing usage of contact lenses by individuals for medical, as well as personal use.

    The demand for eyewear has been shifted from actual requirement to desired requirements. Conventionally, eyewear was utilized to overcome the deficiencies of poor eyesight. This increased the usage of spectacles more on the personal front, over using it for physical ailment. Gradually, an individuals’ mindset has changed over a period of time, also the alternate uses of spectacles gave a major push to the global eyewear market.The demand for sunglasses emerges from the increasing consciousness of the ill effects of harmful UV rays, while the inclination of people towards new adopting fashion trends, has contributed to the growth of the global eyewear market. Contemporary innovations and technological advancements have added to the variety and quality of eyewear with an aesthetic appeal and style, making eyewear a personality enhancing accessory.

    The global eyewear market is segregated into four divisions geographically: Europe, North America, and Asia-Pacific. The rest of the World remains major sub-divisions of the global eyewear industry. The developed markets of North America and Europe have been traditional revenue generators, in the global eyewear market. North America possesses a major share of total revenue, in terms of aggregate demand of eyewear. Europe leads in terms of summative revenue accumulation, from eyewear sales. Growth prospects from short to medium time period are high in the emerging nations of Asia-Pacific, and Latin America. The Asia-Pacific region is the fastest growing regional market in terms of eyewear sales. It has become the key source of acceleration in the growth of the global eyewear market. The expansion in the eyewear market of Asia-Pacific is attributed to factors, like the presence of unsaturated markets, growing disposable incomes, developing economies, and the increasing awareness of visual ailments and regular eye examinations. Along with this, the increased urbanization in the unsaturated markets of Asia-Pacific, and major changes in lifestyle patterns, with respect to the growing hectic schedule of a modern man, creates ample scope for the growth of the global eyewear market.

    The global eyewear market can be categorized on the basis of functions into spectacles, and contact lenses. Contact lenses are a major medical invention, in the global eyewear industry. This medical advancement has significantly contributed to the global eyewear market. Demand for such novel innovations, are driven by affluent and aesthetic desires of societies. On one hand,the advancement in laser eye surgeries has restricted the growth of the eyewear market. The introduction of contact lenses has served an easy way for people to shun eyeglasses, without the need of laser treatment, thus propelling the growth of the global eyewear market.

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    Apart from serving visual deficiencies, fashion needs, and protection from UV sunrays, the global eyewear market caters all types of an individual’s needs.

    The global eyewear market consists of concentrated international market players, as barriers within the entry are high, thus operating mostly as an oligopoly, with dominance of few large participants. However, there are still unaddressed niches in the eyewear industry making scope for new emerging business models and participants. Major Industry players are Essilor International, Luxottica Group SpA, Carl Zeiss, AG Marcolin S.p.A, and Marchon International Ltd among others.


  • Automotive Exhaust Aftertreatment Systems Market Dynamics, Size and Share and Business Analysis

    The global automotive exhaust aftertreatment systems market is projected to register notable growth during the forecast period (2019–2025). Increasing greenhouse gas emissions by vehicles and growing implementation of associated regulatory standards are the major factors expected to drive the growth of the market. Globally, several governments are implementing stringent emission regulations for gasoline and diesel vehicles to keep the air quality level in check. This, in turn, is fueling the demand for exhaust aftertreatment systems for vehicles across the world.

    On the basis of fuel type, the automotive exhaust aftertreatment systems market has been categorized into gasoline and diesel. Between the two, diesel-based systems held the larger share in the market in 2018. Exhaust aftertreatment systems are mostly incorporated in automobiles with diesel engines. The vehicles that propel on diesel emit more harmful gases than those that run on gasoline, as gasoline contains comparatively less impurities. This has led to the dominance of diesel-based automotive exhaust aftertreatment systems in the market.

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    Geographically, Asia-Pacific led the automotive exhaust aftertreatment systems market in 2018, with China evolving as the largest automotive market owing to the presence of several major vehicle manufacturers in the country. Besides, regulatory bodies in Japan, India, and South Korea have risen the severity of their norms for vehicle gas emissions to match those of the U.S. and Europe. India’s prospective move toward Bharat Stage (BS VI) norms directly from BS IV emission norms is further expected to increase the demand for exhaust aftertreatment systems in the country.

    The demand for automotive exhaust aftertreatment systems is expected to observe positive growth on account of stringent emission regulations set by several government agencies across the world. Manufacturers of exhaust aftertreatment systems are, therefore, developing advanced technologies that are compliant with gas emission regulations established by several government regulatory firms.

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    Some of the major players operating in the automotive exhaust aftertreatment systems market are Cummins Inc., Continental AG, Delphi Automotive LLP, Donaldson Company Inc., Tenneco Inc., Dinex A/S, DCL International Inc., Eberspächer Climate Control Systems GmbH & Co. KG, and Friedrich Boysen GmbH & Co. KG.


  • Baby Food Market Outlook Business Revenue

    The ever-increasing population across the globe as well as growing demand for quality nutrition are the key factors driving baby food market. According to United Nations, the world population is forecasted to reach 8.6 billion by 2030, and is likely to reach 9.8 billion in 2050, with around 83 million people being added to the population each year. Besides, rapid urbanization and growing disposable income is expected to propel the market growth in coming years.
    Baby food is a type of food specifically produced for babies less than or about two years of age. The food is inherently made soft for easier consumption and is available in various varieties and flavors as per the requirements.
    Based on type, the market has been classified into milk formula, dried baby food, prepared baby food, and others. As baby grows, the food requirements shift from milk formula-based foods toward dried and prepared foods. Milk formula-based foods constitute the majority of share of baby food market, globally, since it is the basic requirement for baby during its initial months.
    After the age of six months, baby is capable of eating solid food and less dependent on breastfeeding and liquid diet. The prepared baby food category is expected to record the highest growth rate during the forecast period, owing to growing demand for easily available and ready-to-eat baby foods among working women population across the globe.
    Based on distribution channel, baby food market has been categorized into supermarkets/hypermarkets, pharmacies, mom & pop stores, convenience stores, specialized stores, online, department stores. The online category is expected to be the fastest growing distribution channel for baby food. This is attributed to the swiftly growing e-commerce market globally. For instance, global e-commerce retail sales grew by 16% to $453.5 billion in 2017, accounting for 8.9% share of total retail sales for the year, according to U.S. Census Bureau.
    On the basis of age, baby food market has been categorized into below 6 months, 6-12 months, 13-24 months, and above 24 months. Among these, 6-12 months category held the largest market share in terms of revenue in 2017, owing to baby food being recommended largely for this age group by medical practitioners. Babies less than 6 months of age mostly rely on breastfeeding. On the other hand, infants over 12 months of age generally start consuming home-made food.Asia-Pacific was the largest baby food market globally in 2017 in terms of sales revenue. This is attributed to the ever-increasing population in Asian countries such as India, Bangladesh, Indonesia, and Myanmar, along with the growing organized retail sector in the region. On the other hand, Middle East & Africa baby food market is expected to witness high growth during the forecast period. The region consists of countries with the highest fertility rates in the world such as Niger, Somalia, Democratic Republic of Congo, Mali and Chad with rates at 7.1, 6.1, 6.0, 5.9 and 5.8 children per woman, respectively.
    The increasing working women population with limited time to focus on their baby’s nutritional needs, is pushing the parents to use baby foods. It has become one of the essential foods for babies of working mothers. The hectic lifestyle of mothers is pushing the growth of baby food market. For instance, according to the Office for National Statistics (ONS), 74% of mothers in England (U.K.) were recorded as working-mothers as of September 2018, as compared to 69% five years ago. The number has been steadily increasing since 1996, where 62% were reported as working-mothers. Moreover, growing awareness regarding nutrition and rising disposable income is further propelling the market growth.
    Globally, baby food manufacturers are frequently launching new baby food products, with healthy and natural ingredients to satisfy consumer demands for more natural food products with healthier properties. Among various market players, Nestle SA held the largest share in baby food market, globally, in terms of sales revenue in 2017. The other major companies in the market include Danone SA, Perrigo Company PLC, Mead Johnson & Company LLC, Abbott Laboratories, Hero Group, H. J. Heinz Company, Bellamy's Organic Pty Ltd, Hain Celestial Group, The Campbell Soup Company, and Royal FrieslandCampina N.V.

  • Automotive Cabin Insulation Market Business Report

    The global automotive cabin insulation market is projected to witness considerable growth during the forecast period, primarily on account of growing use of textile material in interior of a cabin. The industry is anticipated to grow significantly, due to high demand for cabin insulations and ride refinements. In addition, the growth of the automotive industry is a direct result of rising sales of passenger cars and commercial vehicles in recent years, which eventually resulted in the growth of the market.

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    The automotive cabin insulation market is categorized on the basis of vehicle type into high-performing vehicles, sport-utility vehicle (SUVs), premium vehicles, and others. The utilization of insulation is maximum in premium vehicles, which is driven by the need to maintain a high standard of quality. However, the demand for proper cabin insulation is consistent in all types of vehicle, which in term, will boost the growth of the market in the coming years.

    During the forecast period, Asia-Pacific (APAC) is expected to be the largest market for automotive cabin insulation, with China, Japan, and India being the major markets in the region. The automotive cabin insulation market in the APAC region is mainly driven by rising demand for personal transportation vehicles and improving standard of living.

    The automotive industry is growing at a significant rate and it is a major growth driver for the automotive cabin insulation market. Focus on developing a pleasing experience inside a vehicle is also a driving factor for the growth of the market. The demand for passenger cars and light commercial vehicles is on the rise, much of which can be attributed to the rise in per capita income and standard of living in fast-growing economies such as China and India. These economies also serve as a major market for the automotive industry because of their rapid urbanization and growing consumer base.

    Major factor for the constrain of the automotive cabin insulation market is inconsistency in the availability of standard materials, which are used in manufacturing of automotive cabin insulation. The materials available in each region differ from one another, which become a major factor for the rise in the cost of production, owning to lack of economies of scale. This could be a reason for causing hinderance in the path of growth of the market in the coming years.

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    The global automotive cabin insulation market comprises both public and private players and is mainly characterized by increasing investments toward product development and growing number of partnerships and strategic acquisitions between players as an effort toward strengthening their market position. Some of the key players in the market are Autoneum Holding AG, BASF SE, 3M Co., Autins Group PLC, Grupo Antolin Plasbur S.A., L&L Products Inc., Nitto Denko Corp., Pritx Ltd., and Blachford UK Ltd.


  • published Facial Care Market Research Report in Submit Content 2019-10-15 14:52:46 -0700

    Facial Care Market Research Report

    Rise in disposable income of people, change in lifestyle, and increase in product launches to cater to the growing consumer demand are the key factors driving the facial care market, globally. Further, the growing popularity of multi-purpose products is expected to propel the market growth. The market has diversified exponentially in recent years with the launch of various products, such as face cream, toner, serum, facial mask, and anti-age cream.

    On the basis of product type, the facial care market is categorized into face cream and moisturizer, anti-aging cream, serum, face mask, face wash, cleanser, toner, scrub, and others. During the forecast period, the market is expected to witness the fastest growth in the category of anti-aging creams, on account of surging geriatric population and increasing consciousness among people to look younger, with special focus on the facial skin. It has been observed that people have started using facial care products from a very young age to delay the signs of aging. Hence, the consumer base of these products has expanded to include younger people as well.

    Based on distribution channel, the facial care market is classified into beauty parlors/salons, online platforms, multi-brand retail stores, supermarkets/hypermarkets, exclusive retail stores, and others. Of these, the fastest growth in the market during the forecast period is expected from online platforms. Companies such as Makeup Geek LLC and Morphe Brushes & Cosmetics offer services to customers that enable them to order online and get the products delivered at their doorstep. However, multi-brand retail stores are expected to contribute the largest revenue to the market in the coming years, as they make available several brands under one roof.

    Globally, Asia-Pacific (APAC) is anticipated to be the largest market for facial care products in the coming years. The market in the region is expected to witness notable growth on account of increasing consumer spending, growing appearance consciousness in people, and rising consumer awareness on the benefits of using facial care products.

    The key trend observed in the facial care market is the growing preference for organic products. In recent years, organic products have gained traction in the market due to the benefits offered by them. With the growing awareness on the beneficial properties of organic products, consumers have become more responsive toward the use of these products for skin care. Unlike other commercial beauty products, which are effective but contain harmful chemicals, organic products are free from chemical substances that have detrimental effects on the skin in the long run.

    Offerings in the facial care market range from economical beauty products to high-end premium cosmetics. The market growth is primarily driven by the introduction of a wide range of skin care products, including skin toner, serum, moisturizer, BB cream, anti-aging cream, scrub, and facial mask. This has increased the availability of differentiated products in the market to cater to diverse consumer needs, which, in turn, is boosting the growth of the facial care industry.

    Technological advancements in products continue to offer growth opportunities to the players operating in the facial care market. Companies are now employing facial care devices equipped with advanced technologies to monitor skin condition, generate digital feedback, and offer customized skin care solutions to their customers. For instance, in July 2016, L’Oréal Paris launched a campaign on SnapChat to promote its Infallible Silkissime eyeliner. The L’Oréal filter on SnapChat enables consumers to see themselves with a virtual makeover.

    Some of the major players operating in the global facial care market are L’Oréal S.A., The Estee Lauder Companies Inc., Alticor Inc., The Body Shop International Limited, Avon Products Inc., The Procter & Gamble Company, Oriflame Cosmetics AG, Unilever PLC, Shiseido Company Limited, Burberry Group PLC, Kao Corporation, and Edgewell Personal Care.


  • Fuel Cell Commercial Vehicle Market Research Report

    The global fuel cell commercial vehicle market is expected to witness notable growth during the forecast period 2019–2025, on account of favorable incentive programs by governments of several countries to boost the adoption of eco-friendly vehicles. Several governments across the globe are focusing on decreasing air pollution by encouraging the adoption of eco-friendly vehicles, which include fuel cell vehicles. These vehicles do not discharge harmful pollutants, such as hydrocarbons, carbon monoxide, and volatile organic compounds.
    On the basis of vehicle type, the fuel cell commercial vehicle market has been categorized into light commercial vehicle (LCV), medium commercial vehicle (MCV), and heavy commercial vehicle (HCV). Among these, LCVs held the largest share in the market in 2018. This can be mainly attributed to the high demand for LCVs, supported by the higher adoption of fuel cell technology in these vehicles as compared to other vehicles.
    What are the factors impacting the growth of this market?
    Awareness about the advantages of green energy vehicles over internal combustion engine vehicles is increasing across the world. Many countries are implementing plans to promote the adoption of alternate-fuel vehicles, which, in turn, is boosting the growth of the fuel cell commercial vehicle market. For instance, the Ohio Development Services Agency runs the Alternative Fuel Transportation Program, which offers financial support to local governments, non-profit organizations, businesses, and school districts for the installation and purchase of alternative fueling, blending, and distribution facilities or terminals. Furthermore, in Luxembourg, buyers of fuel cell vehicles are benefitted from a tax allowance on the registration fees of $5,907.5 (EUR 5,000).
    Besides, the increasing focus on the advancement of fuel cell technology based on ethanol is expected to fuel the growth of the industry during the forecast period. With the rising advertising activities for the adoption of fuel cell automobiles, many major industry stakeholders, including Tier 1 suppliers and vehicle manufacturers, have started focusing on low-priced fuel cell technology. This has led to the growth of ethanol-based fuel cell technology. Ethanol-based fuel cells are cost-effective and also help increase the driving range of heavy vehicles. Such factors are, thus, boosting the growth of the fuel cell commercial vehicle market across the globe.
    How is the market growing, geographically?
    Geographically, Asia-Pacific (APAC) is expected to account for the largest share in the fuel cell commercial vehicle market during the forecast period. The increasing demand for low- or zero-emission vehicles in several countries of the region, coupled with the growing focus of fuel cell stack manufacturers on China for product manufacturing, is expected to boost the market growth in APAC.
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    The global fuel cell commercial vehicle market is at the nascent stage, witnessing gradual adoption of fuel cell vehicles across various countries. Major market players include Daimler AG, General Motors Company, Hyundai Motor Company, New Flyer Group Inc., Toyota Motor Corporation, Volkswagen AG, Ford Motor Company, and Tata Motors Limited.

  • Farm Equipment Market Growth, Trend, Size and Future Scope

    The increasing population has been propelling the demand for food items, which is consequently driving the growth of the global farm equipment market.  The up gradation in the technology, increasing government subsidies on agricultural machineries, growth of precision farming and easily available credit schemes from financial institutions are encouraging the growth of the global market. Asia-Pacific accounted for the largest share in the global market in 2014, owing to its large population that translates into demand for crops. Among the various types, the tractors segment dominated the global farm equipment market in 2014.

    Farm equipment includes machineries used for the production and maintenance of crops and agricultural livestock. Tractors are one of the essential farm equipment that serves several purposes in agriculture, including plowing, harrowing, and transportation of agricultural products. The harvesting equipment includes combine harvesters and threshers. The modern tractors are equipped with global positioning systems (GPS) and on-board computers. The expansion of precision farming has been positively impacting the growth of the farm equipment market. The farmers are up grading their traditional farm equipment with more advanced alternatives. The advent of do-it-yourself (DIY) repair tractors have also reduced the cost and hassle of tractor repairing, thus providing more comfort to farmers.

    The government in different countries has been extending several subsidy programs to encourage farmers in their agricultural ventures. In 2004, China implemented subsidy policy for agricultural machineries, which increased over the years and now includes 12 agricultural categories. Around 175 types of agricultural machineries were subsidized by the Chinese government in 2015. During 2004 – 2012, the Chinese government dedicated $12 as subsidy for agricultural machineries. In order to promote food security in the country, the Chinese government has announced a subsidy scheme in 2015 for farm equipment, under which about 30% of the sales price of such equipment will be subsidized. The staple crop growers in the country, including sugar and cotton farmers will be prioritized.

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    The large replacement cycle of farm machineries is one of the major restraints in the growth of the market. Moreover, the high cost of modern equipment is one of the major challenges for market penetration of small scale farms. The reducing farm land, owing to rapid urbanization is expected to be one of the major hurdles for the market during the forecast period.

    Certain product related legal restrictions associated with the modern farm equipment are creating a low degree of dissatisfaction among the consumers. Such restrictions include legal authorization of manufacturers for putting password or an encryption on the devices associated with the equipment, and the legal unlawfulness on the password breach by the consumers.

    The major farm equipment markets in Europe include Germany, France, Italy, the U.K., Russia, Turkey, and Poland. Whereas the key markets in Asia-Pacific include China, India, Japan, and Australia. The major companies in the global market include Alamo Group Inc., AGCO Corporation, Deere & Company, Daedong industrial Company Limited, Escorts Group, and Netafim.


  • published Mushroom Market Demand Globally in Submit Content 2019-10-14 15:22:15 -0700

    Mushroom Market Demand Globally

    The mushroom market is growing at a significant rate, due to the growth of consumer awareness related to health and wellness, improving technologies to increase the shelf-life, and increase in consumption of processed foods. The growing concerns about obesity and technological advancements are some of the factors, providing ample opportunities to the expansion of the mushroom market, in the coming years.

    Europe leads the global mushroom market, and is also expected to grow at the fastest rate, in the coming years. The dominance of the region is due to several factors, such as shifting consumer preference towards low-fat and healthy food, and increasing awareness about wellness and health, among the consumers of the region.

    Mushrooms are the vegetables that provide various nutrients, such as selenium, vitamins, and potassium. Mushrooms contain very less amount of gluten and sodium, and do not contain cholesterol and fat in them. Production method of mushroom is absolutely different from the production method of other green vegetables. Mushrooms depend on other plant materials for their food, as no chlorophyll is present in them. To destroy any bacterial or fungal components on the substrate where mushrooms get mature, the substrate has to be pasteurized, or sterilized. Mushrooms generally have very short life span, as some of the mushrooms might last less than a day, some may survive for one week, and some mushrooms are likely survive for a month. Mushrooms, such as toad stools can also be poisonous, but it only harms the stomach, or can give limited sickness to the consumer.

    The mushrooms can be marketed through direct marketing and wholesale marketing. Direct marketing includes selling of mushrooms to restaurants, at local farmers, and in supermarkets, along with most of the regions. While marketing through local markets, the seller should concentrate more on quality and service, instead of low price of mushrooms. Whereas, selling the mushrooms through wholesale marketing, the seller has to concentrate more on the low price of mushrooms. The sellers can also develop a processed product from the mushroom, such as sauce, for selling directly to the wholesalers and end users of the products. Mushrooms can also be marketed in the off season, by drying surplus mushrooms, and storing it.

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    Continuous research and development in the mushroom market is expanding the applicability and accelerating the growth of the mushroom market. Some of the factors restraining the growth of the mushroom market are proper process management requirement, consumer credibility, and limited shelf-life of mushrooms.

    Some of the competitors in the mushroom market are Drinkwater’s Mushrooms Ltd, Lutece Holdings B.V., Okechamp S.A., The Mushroom Company, Bonduelle SCA, Monterey Mushrooms Inc., Costa Group Holdings Limited, Shanghai Finc Bio Tech Inc., and Monaghan Mushrooms Ltd.


  • Breakfast Cereals Market Size, Share, Development, Growth and Demand Forecast to 2024

    Breakfast cereal is a food mainly processed from grains or multiple grains such as oats, corns and others that is eaten as first meal of the day. Breakfast cereal grain is light and contains low cholesterol, high fiber and high nutrient. Traditionally, home cooked food such as porridges, breads and buns, eggs and noodles were taken in breakfast but increasing adoption of ready to serve meals for the breakfast is escalating the global breakfast cereals market. Porridges, made up of barley, used to be a major breakfast meal, which is now replaced by fiber rich cereals. Breakfast cereal has become a nearly irreplaceable product of modern kitchen, owing to busy lifestyle and rapid modernization.

    Various lifestyle disorders such as high cholesterol, diabetes, obesity and growing cardiac issues have led people to consume low cholesterol and fiber rich nutrient food. Further, the factors such as tough dietary preferences and demanding lifestyles are also contributing to the growth of the global breakfast cereal market. Breakfast cereals are considered to be a healthier choice over meats. The types of breakfast cereals marketed for children are fruity pebbles, sugar crisps, and cap’n crunch. Cereals serve as a convenient option for breakfast as compared to traditional home cooked breakfast; and it is also being consumed as snacks and fillers between meals. Ready-to-eat cereals such as cornflakes and muesli are preferred breakfast choices in North America and European regions, characterized by less preparation time and high demand for gluten free products.

    Various product types available in the global breakfast cereals market include wheat ingredient, corn ingredient, barley ingredient, oat ingredient and rice ingredient. The global breakfast cereals market can be broadly categorized as hot cereals and ready-to-eat (RTE) cereals. Further, ready-to-eat (RTE) cereals include multi-cereal flakes, cereals high in fiber, cornflakes, mueslis, and other wheat bran cereals. No preparation is required for ready-to-eat cereals and can be consumed directly; whereas, hot cereals requires preparation before consumption. The consumption of ready-to-eat cereals is more compared to hot breakfast cereals.

    Increasing number of convenience stores, growth of breakfast cereals in Asia-Pacific region, growing brand visibility, rising adoption of western food culture and increasingly shifting breakfast habits towards a healthier breakfast choices are some of the factors driving the growth of the global breakfast cereals market. New taste with different flavors, increasing obesity concerns and increasing new consumer groups extends further growth opportunities for global breakfast cereals market.

    Geographically, North America dominated the global breakfast cereals market in 2014; followed by Asia-Pacific. Asia-Pacific region is expected to be the fastest growing breakfast cereals market during the forecast period, attributed to intensifying disposable incomes, changing consumer preferences towards healthy breakfast options and innovative marketing.

    Some of the major competitors of the global breakfast cereals market include, General Mills, Inc., Kerry Group Plc, Sunopta Inc., Associated British Foods Plc, PepsiCo, Kellogg Co., Cereal Partners Worldwide (CPW), The Weetabix Food Company, Ralcorp Holdings, Inc., Post Holdings.


  • North America Anti-Drone Market Regional Outlook

    The North American drone market is projected to grow at a substantial rate during the forecast period, due to increasing incidences of security violation by illegal drones, and increasing terrorist acts and nefarious actions across the region has primarily propelled the market growth. The market is also boosted by the increase in detection and close encounters of drones with aircrafts. Anti-drones are used to detect, recognize, and neutralize or destroy rogue drones. These are also known as unmanned aerial vehicles (UAVs). These systems use different technologies to detect and counterbalance unmanned aircrafts such as high energy lasers, jamming, command and control (C2), directed energy weapons, electro-optical surveillance, electronic surveillance, and radio frequency threat management.

    On the basis of technology, the North American anti-drone market has been classified into electronic, laser, and kinetic systems. Due to innovation in technology, electronic system has been noticed to be a commanding tool to be used in anti-drone. Hence, the market for electronic anti-drones is anticipated to grow at the fastest rate during the forecast period.

    On the basis of geography, the North American anti-drone market has been categorized into the U.S. and Canada. The U.S. market will rise at a faster rate, due to high defense department budget. In the year 2017, the U.S. military spent around $810 billion against $760 billion in 2016. Recently, Federal Aviation Administration started a Pathfinder Programme and chosen anti-UAV defense system (AUDS) to begin a trail to guard the U.S. airports from UAVs.

    Growing threats of terrorist activities and increasing nefarious actions across the region are the major drivers propelling the North American anti-drone market. An upsurge in the usage of drones for commercial activities has led to an evolution in significant threats such as attacks using unmanned aircrafts and violation of privacy that has developed concern over public safety. In the U.S., reports of UAVs flying along the Southwest border have pointed in recent time, with more than 36 detections since October 2017. This data fact is on course to quadruple from the preceding year, according to the U.S. Customs and Border Protection, where it is suspected that criminal groups are using the UAVs for surveillance while looking for paths to circulate drugs and other illegal material into the U.S.

    Faster adoption of anti-drones in North America can be viewed as a profitable opportunity for players operating in the North American anti-drone market. Factors like usage of anti-drone systems for micro-UAV detection capabilities, and long ranges have amplified their demand for defense applications and can produce substantial opportunities for this market. Additionally, developments in interdiction range in RF jamming/spoofing and detection efficiency are anticipated to fuel the demand for these systems in the region.

    Some of the key players operating in the North American anti-drone market include The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, and SRC Inc.


  • Global Organic Food and Organic Beverages Market Report, 2024

    The organic food and organic beverages market is growing at a significant rate, due to government regulations supporting the organic food and beverages, changing consumer perception towards organic food, and widening distribution channels. The increasing research and development activities for new products development are providing ample opportunities to the organic food and organic beverages market to grow, in the coming years. However, high cost issues of organic food and beverages, as compared to conventional food and short shelf life are some of the factors, restraining the growth of the organic food, and organic beverages market.

    Consumers are shifting towards organic food and organic beverages, due to increasing focus on health issues. The companies of organic food and organic beverages are launching wide range of organic products. Organic soy sauce, bamboo tea, and biological milk are some of the organic foods and beverages that became popular, within the consumers in a short range of time.

    Organic foods are grown without the usage of additives, synthetic chemicals, coloring agents, and genetic radiation in the organic farm. In the U.S., the organic food and beverages have to satisfy the criteria set by National Organic Program, conducted by U.S. department of agriculture (USDA). Some of the raw materials used in producing organic food and organic beverages are spring wheat, corn, soybean, and oats. The standards for organic food and organic beverages vary from country to country, but in general, organic farming features biological, mechanical and cultural practices to promote ecological balance, increases cycling of resources and conserve biodiversity.

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    Conventionally, North America and Europe were leading the organic food and organic beverages market. But, with the increase in demand of the organic food and organic beverages from China, Brazil, India, Mexico, and Argentina, manufacturers are expanding their business in these countries. The Asia-Pacific organic food and organic beverages market is expected to grow, with the highest rate in the coming years, due to growing affinity and awareness for organic ingredients, and growing green consciousness in the region.

    On the basis of products, the organic food market can be categorized as organic fruits and vegetables, organic frozen and processed food, cereals, packaged groceries, organic dairy products, and organic meat, fish and poultry products. Organic fruits and vegetables category leads among the types of organic food market, and organic meat, fish and poultry products category is expected to grow, with the highest rate in the coming years. Organic dairy products category is also expected to grow significantly in the coming years, due to advancement in technologies, which helps in extending shelf life of the products.

    On the basis of products, the organic beverages market can be categorized as organic coffee and tea, organic non-dairy beverages, and organic beer and wine. Organic beer and wine category is expected to grow with the highest rate, among the types of organic beverages market in the coming years. The organic food and beverages market can also be categorized, on the basis of distribution channels as convenience stores, hypermarkets and supermarkets, online retailers, and food specialists.

    Some of the competitors in the organic food and organic beverages market are Amy's Kitchen Inc., The Coca-Cola Company, Kellogg Company, Dean Foods Company, The Hain Celestial Group Inc., Danone SA, Whole Foods Market Inc., Kraft Foods Group Inc., Starbucks Corporation, Nestle SA, and Organic Valley Ltd.


  • Omega-3 Fatty Acid Market Business Trend, 2024

    Omega-3 fatty acid is polyunsaturated fatty acids (PUFAs) containing carbon double bond in its organic structure. These are mainly found in plants and marine life such as meat, eggs, seal oil, krill, fish, and mammalian brains and eyes. Fish oil is the most common and widely used dietary source of omega-3 fatty acids that contains high content of eicosapentaenoic acid/docosahexaenoic acid (EPA/DHA). The omega-3 fatty acids are essential fatty acids for health, which the body cannot produce but are necessary for regular metabolic activities and functions. Both the omega-3 variants are beneficial to the stress management. DHA provides neurological healthcare benefits, whereas, EPA facilitates the stress-affected immunity. EPA also provides anti-depressive benefits to the consumers to greater extent by lowering blood pressure disorders and heart diseases. Growing health concerns of urban population about their fitness levels is one of the main reasons for the omega-3 fatty acid market to grow at a significant rate.

    Based on types, the global omega-3 fatty acid market can be classified as docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA) and α-linolenic acid (ALA). Further, ALA is found in plant oils, and DHA and EPA are found mainly in fish oils. Omega-3 fatty acid finds application in infant formula, food and beverages, nutritional supplements, clinical nutrition, pharmaceuticals, pet food and supplements and others. Based on manufacturing processes, global omega-3 fatty acid market can be categorized as concentration process, processing of fish oils, decontamination and other product technologies.

    The factors driving the growth of global omega-3 fatty acid market include rising demand of omega-3 polyunsaturated fatty acids in pharmaceuticals and functional foods, rising awareness towards healthcare and chronic diseases, and expanding application profiling of omega-3. Several pharmaceutical companies have already been using higher concentrations of omega-3 in pharmaceutical drugs, and in future, more companies are expected to enter the market of omega-3 drugs.

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    The major trends observed in the global omega-3 fatty acid market is increasing consumer demand of omega-3 fatty acid products and launch of highly concentrated omega-3 pharmaceuticals in the market. Alternative sources such as flaxseeds, olive oil, beans and walnuts are used to obtain omega-3 PUFA are providing new market opportunities for the global omega-3 fatty acid market. Some of the significant factors restraining the growth of omega-3 fatty acid market are rise in fish oil prices, absence of recommended daily intakes (RDI) standards, lesser availability of raw material, and climatic issues in maintaining the fisheries.

    North America was the largest consumer of omega-3 products in 2014; followed by Europe. The regulations favoring the use of omega-3 in functional food and infant formula is expected to spur the demand for omega-3 fatty acid market in the developed regions. The Asia-Pacific omega-3 fatty acid market is expected to witness fastest growth during the coming years. Rising population in developing countries is expected to raise the demand for omega-3 products, such as infant formula, nutrition supplements. Moreover, changing lifestyles and health issues (particularly coronary heart diseases, dyslipidemia and developmental disorders) are expected to raise the demand for omega-3 fatty acid market during the coming years.

    Some of the key players in the global omega-3 fatty acid market are Nordic Naturals, Inc., Zymes LLC, Wiley's Finest Inc, Organic Technologies, Cellana Inc., Bioriginal Food & Science Corporation, Neptune Technologies & Bioressources Inc., Pharmachem Laboratories, Inc., and Marine Ingredients.

    Omega-3 fatty acid is polyunsaturated fatty acids (PUFAs) containing carbon double bond in its organic structure. These are mainly found in plants and marine life such as meat, eggs, seal oil, krill, fish, and mammalian brains and eyes. Fish oil is the most common and widely used dietary source of omega-3 fatty acids that contains high content of eicosapentaenoic acid/docosahexaenoic acid (EPA/DHA). The omega-3 fatty acids are essential fatty acids for health, which the body cannot produce but are necessary for regular metabolic activities and functions. Both the omega-3 variants are beneficial to the stress management. DHA provides neurological healthcare benefits, whereas, EPA facilitates the stress-affected immunity. EPA also provides anti-depressive benefits to the consumers to greater extent by lowering blood pressure disorders and heart diseases. Growing health concerns of urban population about their fitness levels is one of the main reasons for the omega-3 fatty acid market to grow at a significant rate.

    Based on types, the global omega-3 fatty acid market can be classified as docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA) and α-linolenic acid (ALA). Further, ALA is found in plant oils, and DHA and EPA are found mainly in fish oils. Omega-3 fatty acid finds application in infant formula, food and beverages, nutritional supplements, clinical nutrition, pharmaceuticals, pet food and supplements and others. Based on manufacturing processes, global omega-3 fatty acid market can be categorized as concentration process, processing of fish oils, decontamination and other product technologies.

    The factors driving the growth of global omega-3 fatty acid market include rising demand of omega-3 polyunsaturated fatty acids in pharmaceuticals and functional foods, rising awareness towards healthcare and chronic diseases, and expanding application profiling of omega-3. Several pharmaceutical companies have already been using higher concentrations of omega-3 in pharmaceutical drugs, and in future, more companies are expected to enter the market of omega-3 drugs.

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    The major trends observed in the global omega-3 fatty acid market is increasing consumer demand of omega-3 fatty acid products and launch of highly concentrated omega-3 pharmaceuticals in the market. Alternative sources such as flaxseeds, olive oil, beans and walnuts are used to obtain omega-3 PUFA are providing new market opportunities for the global omega-3 fatty acid market. Some of the significant factors restraining the growth of omega-3 fatty acid market are rise in fish oil prices, absence of recommended daily intakes (RDI) standards, lesser availability of raw material, and climatic issues in maintaining the fisheries.

    North America was the largest consumer of omega-3 products in 2014; followed by Europe. The regulations favoring the use of omega-3 in functional food and infant formula is expected to spur the demand for omega-3 fatty acid market in the developed regions. The Asia-Pacific omega-3 fatty acid market is expected to witness fastest growth during the coming years. Rising population in developing countries is expected to raise the demand for omega-3 products, such as infant formula, nutrition supplements. Moreover, changing lifestyles and health issues (particularly coronary heart diseases, dyslipidemia and developmental disorders) are expected to raise the demand for omega-3 fatty acid market during the coming years.

    Some of the key players in the global omega-3 fatty acid market are Nordic Naturals, Inc., Zymes LLC, Wiley's Finest Inc, Organic Technologies, Cellana Inc., Bioriginal Food & Science Corporation, Neptune Technologies & Bioressources Inc., Pharmachem Laboratories, Inc., and Marine Ingredients.


  • Automotive Transmission Market by Size, Share, Development, Growth, and Demand Forecast, 2014–2025

    The global automotive transmission market is anticipated to grow significantly during the forecast period, owning to growing demand for better experience in driving in relation to smoother gear shifting and higher acceleration in vehicles. The usage of advanced technologies and sustainable economic development across the world are the few factors for the growth in the market. Furthermore, rising automotive production globally is anticipated to increase the demand for automotive transmission in the near future.

    On the basis of vehicle type, the automotive transmission market is categorized into passenger car, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). The passenger car category holds the largest share in the market as compared to other categories, owing to the growing sales of passenger car around the world.

    Geographically, Asia-Pacific (APAC) is the largest market for automotive transmission systems. China leads the regional market, with India and Japan making substantial contributions to the market growth. In 2017, car production in China stood at 24.96 million units, the highest among all countries, globally. This is driven by the growing demand for personal transportation vehicles and improving standard of living in the country. Also, rapid urbanization, coupled with improving per capita income, in other developing economies of the region, such as India and Thailand, is also supporting the growth of the automotive transmission market in the APAC region.

    Drivers

    Rapid technological advancement in vehicles taking place all over the world along with increase in disposable income of consumers in developing economies is the major factor for the growth of the automotive transmission market. The consumers seeking greater comfort and luxury is another driving force for the growth of the market. High traffic and increasing vehicle congestion in urban areas are giving rise to a shift in the consumers’ preference toward advanced automotive transmission systems that would ensure a smooth driving experience.

    Competitive Landscape

    Some of the key players operating in the global automotive transmission market are DENSO Corporation, Continental AG, Robert Bosch GmbH, Aisin Seiki Co. Ltd., Johnson Controls Inc., Magna International Inc., Faurecia S.A., Hyundai Mobis Co. Ltd, ZF Friedrichshafen AG, Yazaki Corp., Lear Corp., Delphi Automotive PLC, TRW Automotive Holdings Corp., BASF SE, Valeo SA, Sumitomo Electric Industries, Toyota Boshoku Corp., JTEKT Corp., and Hitachi Automotive Systems.


  • published Probiotics Market Business Revenue in Submit Content 2019-10-07 15:23:54 -0700

    Probiotics Market Business Revenue

    The growing demand for probiotics among the rising number of health aware consumers is anticipated to drive the growth of the global probiotics market during the forecast period. A huge number of health benefits related to probiotic goods, is one of the main factors increasing the demand for probiotics based products.

    Probiotics are live microorganisms which when administered in suitable amounts confer an advantageous health benefit to the consumer. Probiotics are majorly used in fermented dairy products. Nowadays, a wide range of dairy beverages that contain probiotic bacteria are available for consumption in the market including, acidophilus milk, sweet acidophilus milk, acidophilus buttermilk, nu-Trish A⁄B, bifidus milk, yakult, gaio, proviva, procult drink, actimel, and others.

    The global probiotics market can be segmented on the basis of ingredient, function, application and end use. On the basis of ingredients, the global probiotics market can be categorized into bacteria and yeast. The bacteria segment can be further divided into lactobacilli and bifidobacteria. On the basis of function, the probiotics market can be segmented into regular, therapy and prevention of use. Based on the application, the market can be segmented into food and beverage, dietary supplements, and animal feed.  The food and beverage segment can be further categorized as dairy, bakery and confectionery, meat, cereals, non-dairy beverages, and dry food products. By end-use, the global probiotics market can be categorized into animal and human probiotics. 

    Probiotics have a beneficial effect on health, including the alleviation and prevention, symptoms of antibiotic associated diarrhea and traveler’s diarrhea, protection against intestinal infections, lactose intolerance, irritable bowel syndrome and inflammatory bowel disease. Probiotics can beneficially improve the intestinal microbial balance in animals. Commercial probiotics for animal use improve animal performance by increasing daily feed efficiency and daily gain in feedlot cattle, increase milk production in dairy cows, and improve the health and performance of young calves and in improving growth performance of chickens. Probiotics provide the animal with an additional source of nutrients and digestive enzymes.

    Asia-Pacific dominates the global probiotic market due to the growth and various research developments going on in Japan, along with the incentives given from India and China. Moreover, rising consciousness among the users regarding health benefits from the probiotic yoghurts is helping in expansion of the probiotic market in North America and Europe. Yogurt is known for its nutritional value and health benefits. The global probiotics market in North America is also growing rapidly due to the increasing demand for probiotics amongst the U.S. population.

    However, the probiotics market is still at a nascent stage, with lack of clarity on usage patterns among consumers and lack of awareness about probiotic products in developing economies. These factors are expected to play a critical role in the global probiotics market development in near future.

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    The major competitors in the global probiotics market include Yakult Honsha Co., Ltd, Nestlé, Danone, Arla Foods, Sønderhøj, DuPont, BioGaia, General Mills Inc., Probi, Magellan Minerals Ltd, Mother Dairy, and Lifeway Foods, Inc. Some of the other competitors are Institut Rosell-Lallemand Inc, Koninklijke DSM N.V., Nebraska Cultures, Inc, ConAgra Foods, Inc, and Chr. Hansen A/S.


  • Global Telematics Market Size, Share, Development, Growth and Demand Forecast to 2022

    The global telematics market is expected to grow from an estimated $26,314.4 million in 2015, and reach $140,100.0 million by 2022, growing at a CAGR of 28.5% during 2016 – 2022. The growth of the global telematics market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The use of telematics has been constantly increasing in insurance sector for tracking the driving conditions to calculate precise vehicle insurance premium. North America dominated the global market; however Asia-Pacific is estimated to grow at the highest pace during the forecast period. The high cost of telematics equipment and hacking threats are the key restraints in the global market. The poor internet infrastructure in the developing countries is also hindering the adoption of telematics.

    The information and data in the publication “Global Telematics Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. A bottom-up approach has been used to calculate the global telematics market by solution, application, end-user and distribution channel. P&S Intelligence analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

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    With the advancement in technology, the demand for connectivity is increasing everywhere. Vehicle telematics, trailer tracking, and container tracking are the common application areas of telematics. They are used to transform automobiles into communication objects. Earlier telematics were integrated only on premium vehicles; now it’s either offered as standard feature on select vehicles, or as an option for the low-priced vehicles. It also enables patient’s health tracking while travelling.

    In order to assure vehicular safety, the government in several countries has been promoting the use of telematics in vehicles. For instance, eCall project promoted by European Commission (EC) was adopted in Europe in 2013. eCall is targeted to provide assistance to motorists, who have met with road accident and are unable to speak due to injuries. It is applicable for the vehicles in which telematics is installed. The government of China rolled out a program in 2014 that promotes the use of fleet management solution in every vehicle. In Brazil, a program known as SIMRAV has been introduced to monitor and control crimes associated with vehicles. This program is also operated with the help of telematics.

    The key competitors in the global telematics market include Verizon Communication Inc., Harman International Industries Inc., TomTom International BV, AT&T, Vodafone Group Plc, Ford Motor Company, BMW Group, Telefonica SA, MiX Telematics, Trimble Navigation Ltd.


  • published Smart Eyewear Market Demand 2024 in Submit Content 2019-10-01 12:05:04 -0700

    Smart Eyewear Market Demand 2024

    The global smart eyewear market is growing with a significant rate, due to rapid innovation in sensor technology. North America leads the global smart eyewear market, due to high adoption rate of digital components in consumer electronics, smart textiles, fitness and sports market. Large population and high obesity rate is further propelling the market growth of smart eyewear in this region. The Asia-Pacific market is expected to grow with the highest rate, due to growing healthcare industry. The increasing consumer awareness towards health and fitness, along with technology and computing in daily life is also supporting the growth of the market in the region.

    Google dominates the smart eyewear market with its product Google Glass. Recon Instruments recently introduced Recon Jet, smart sunglasses that run fitness applications for athletes to track their progress, as they are being trained. Recon Instruments also designed smart goggles for snow sports. Google glass, launched in April 2014, captured attention of consumers and created new interest in smart eyewear, which in turn created heads-up displays for everyday life. Even as Google glass currently has limited features (only notification delivery and content sharing); adding new features such as GPS can make the product more useful and boost its market growth during the forecasted period. Additionally, some developed android applications can be added in Google glass in the coming years, which would be able to take benefit of the hardware, enable new features like object identification, and offer increased reality and fitness applications.

    Other smart eyewear devices focus on creating increased reality experiences. Vuzix, a U.S. based company, provides a range of advanced smart glasses, such as Wrap 920AR and STAR 1200XLD. The new companies in the market such as Meta, offers smart glasses with a combination of high definition (HD) and infrared cameras with translucent displays. The smart glasses of Meta allow the wearer to use gestures for controlling augmented reality objects, directly in their field of vision.

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    Smart eyewear is a wearable computing device, which enhances information onto reality or actually supports people to see clearly. This is achieved with the help of an optical computerized internet connected glasses or head mounted display, with transparent heads up display or augmented reality. Some of the sensors used in smart glasses are accelerometer, image sensors, gyroscope, touch sensors, pressure sensors, and thermometers.

    Two of the key competitors in the global smart eyewear market are Google Inc., and Recon Instruments Inc.


  • Connected Truck Market Trends and Forecast

    The global connected truck market is estimated to observe a substantial growth in the coming years, due to growing demand for in-vehicle safety features, vehicle connectivity in logistics and transportation sector, driver assistance system, infotainment system, electrification and digitization of vehicle components, and autonomous driving.

    On the basis of service, the connected truck market is bifurcated into fleet management, and cybersecurity and updates. Of the two, fleet management is expected to hold a larger share in the market during the forecast period. The updates in telematic control unit (TCU) application and real-time over-the-air (OTA) data analytics are the major factors driving the growth of fleet management service.

    On the basis of communication, the connected truck market is further segmented into vehicle-to-vehicle (V2V), vehicle to infrastructure (V2I), and vehicle to cloud (V2C). The V2C category is expected to grow significantly during the forecast period, owing to the increasing number of digital applications in trucks such as GPS tracking, fuel management, remote diagnostics, and driver information system. In addition, the increasing number of fleet management services by original equipment manufacturers (OEMs) will further drive the growth of V2C communication.

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    Globally, North America is projected to be the largest market for connected trucks, during 2018-2023. The growth of the market in this region is driven by various factors such as improved communication infrastructure, government mandates for vehicle safety and data security, increasing digitization in fleet management services, and concerns of cyber security and update.

    Growth Drivers

    Government mandates and increasing industry compliance norms for vehicle safety and security is a major factor driving the growth of the connected truck market. Connected trucks provide real time information about congestion and accidents, and automatically updates routes. Apart from this, interaction assistance and hazard warning, and automated parking suggestions make connected truck safer. In addition, advanced driver assistance systems and facility of regular vehicle data updates improve fleet efficiencies, streamline deliveries, and reduce the down-time of vehicles and fuel costs. These technologies also provide new and innovative functions such as platooning, preventive maintenance, and accident avoidance, thereby benefiting the market.

    Competitive Landscape

    The market is competitive, characterized by the presence of a considerable number of connected truck manufacturers. Robert Bosch, Continental AG, and ZF Friedrichshafen AG are globally established players and dominate the connected truck market. Some of the other important players in the industry include Verizon Communications Inc., NXP Semiconductors N.V., Sierra Wireless Inc., TomTom NV, Harman International Industries Inc, Trimble Inc, DENSO Corporation, ZF Friedrichshafen AG, Magna International Inc, and Delphi Technologies PLC.


  • Low Speed Electric Vehicle Market in Asia Region, Business Report

    The Asia-Pacific Low Speed Electric Vehicle Market is projected to reach 71.8 million units by 2025, according to P&S Intelligence.

    The growth of the market is primarily driven by stringent government norms and regulations on carbon emissions, increasing government support in the form of incentives to encourage the adoption of LSEVs, and rising environmental awareness among the people in the region.

    Insights into market segments

    On the basis of product, the APAC LSEV market has been categorized into two-wheeler, three-wheeler, and four-wheeler. Of these, the two-wheeler category led the market in 2017, with a market share of more than 75% in terms of volume. The category is expected to continue holding the largest share in the market in the coming years, owing to the increasing consumer preference for two-wheelers as a means of personal transport.

    Based on voltage, the market can be categorized into 24 V, 36 V, 48 V, 60 V, and 72 V. Of these, the 48 V category is expected to continue dominating the APAC LSEV market in the coming years. This can be attributed to the preferred use of 48 V batteries in electric two-wheelers and three-wheelers by original equipment manufacturers. However, faster growth in the market during the period is expected from the 72 V category, as the demand for high-speed scooters and micro-cars continues to increase. This is because the speed of the vehicle is directly proportional to the voltage of the battery.

    China led the APAC LSEV market in 2017, in terms of both value and volume, owing to favorable government policies and rapid increase in the urban population of the country. Also, most of the key players in the APAC market are concentrated in China, making it the largest market for LSEVs in the region.

    Government incentives and rising environmental awareness are the key growth drivers for the market

    Government incentives in the form of subsidies and grants, and rising environmental awareness are driving the growth of the APAC Low speed electric vehicle market. Governments, especially of China and India, are aiming at the complete electrification of public transport. In an effort to achieve this, they are providing support in the form of incentives to encourage the adoption of these vehicles. For instance, in India, the government is providing subsidies ranging from $370 (INR 25,000) to $910 (INR 61,000) under the FAME [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles] scheme. Also, since much of the air pollution is caused by conventional passenger carriers, environmental authorities in the APAC region are taking initiatives to spread awareness on environmental sustainability, thereby encouraging the adoption of these vehicles and driving their market growth.

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    Increasing investment in research and development (R&D) is boosting the LSEV sales

    Key players in the APAC LSEV market are increasingly making investments for the R&D of improved and affordable LSEVs. Investments are also being made to increase the production capacity through facility expansion to address the growing needs of the market. At present, the cost of LSEVs, even after subsidization, is much higher than that of their conventional counterparts. Manufacturers in the market are therefore making efforts to bring down the cost of these vehicles on par with that of gasoline-based vehicles through technological advancements in order to boost the sales of these vehicles.

    Competitive landscape

    Some of the key players in the APAC LSEV market are Terra Motors Corporation, Changzhou Yufeng Vehicle Co. Ltd., Jiangsu Kingbon Vehicle Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd., and ZHIDOU Electric Vehicle Co. Ltd.


  • Automotive Digital Instrument Cluster Market

    The growing sales of premium cars, increasing demand for electric vehicles, and rising penetration of in-vehicle safety features are accelerating the growth of the automotive digital instrument cluster market. In 2017, the market generated a revenue of $2,024.6 million, and it is predicted to witness a CAGR of 21.8% during 2018–2023 (forecast period). Automotive digital cluster is a set of instrumentation, which shows information in the digital form instead of the analog one. It is placed on the dashboard in front of the driver behind the steering wheel, and it displays the map, speed, and navigation prompts.

    Based on display, the automotive digital instrument cluster market is categorized into organic light-emitting diode (OLED), liquid crystal display (LCD), and thin-film transistor LCD (TFT-LCD). Out of these, the TFT-LCD category made a revenue contribution of more than 60.0% to the market, and it is expected to maintain its dominance during the forecast period. This is mainly ascribed to the surging demand for better displays, globally, and TFT-LCD offers improved image quality in terms of addressability and contrast.

    On the basis of car price, the automotive digital instrument cluster market is bifurcated into medium and premium cars. Of these, during the historical period (2013–2017), premium cars led the market on both revenue and sales volume grounds, and these are also predicted to dominate it during the forecast period. However, medium-price category cars are expected to witness faster growth during 2018–2023 due to the lowering price of clusters, which would help in increasing their adoption in such cars. For instance, Audi is installing such clusters in its medium-category A4 and A3.

    In many countries, due to the rising disposable income, the sales of premium cars are surging. In 2017, Mercedes-Benz car sales rose to 2.29 million units, whereas BMW car sales increased by 4.2%. The global sales of other premium car brands, such as Audi, Volvo Cars, Lexus, Land Rover, and Porsche, augmented by around 5.0% in 2017. Automotive digital instrument clusters are quite costly and at the nascent growth phase, therefore find extensive installation in premium cars. Thus, the rising demand and sales of premium cars are resulting in the market growth.

    Furthermore, the production of electric vehicles is anticipated to be considerable during the 2018–2023 period, as these are a sustainable conveyance system. Due to the growing concerns about increasing fossil fuel prices and rising focus toward greener and cleaner environment and energy conservation, the demand for electric cars is expected to thrive during the forecast period. As these vehicles function on electricity, they are required to display information such as the amount of battery charge left, electricity stored, and expected mileage on current charge that can be easily depicted on digital instrument clusters.


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