Sports Protective Equipment Market is Estimated to Expand at a CAGR of ~ 5% over 2019-2027

Sports Protective Equipment Market: Introduction

Transparency Market Research delivers key insights on the global sports protective equipment market. In terms of revenue, the global sports protective equipment market is estimated to expand at a CAGR of ~ 5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the sports protective equipment market report.

Sports protective equipment are uniquely designed for certain sports to prevent injuries. Sports protective equipment plays an integral role in ensuring the safety of an athlete who is participating in some sport. The sports industry is expanding rapidly across the world, as a large number of people are increasingly taking up sports and other recreational activities. The global sports industry, today, is an all-encompassing business, which covers everything from sporting goods and apparel to broadcasting rights, sponsorships, merchandising, and gate revenues.

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In this sports protective equipment market report, TMR predicts that, the head protection segment is expected to have a prominent market share (~35%) in the global sports protective equipment market, which was valued at US$ 8.57 Bn in 2018, and is expected to expand at a CAGR of ~ 5% from 2019 to 2027. Head protection and upper body protection equipment acquired a substantial share of the sports protective equipment market, owing to the dominance of sports such as rugby, baseball, boxing, and ice hockey, where upper body protection and head protection equipment play a major role.

In terms of product type, in the sports protective equipment market, the head protection segment accounted for a prominent market share, and this is anticipated to increase even more during the forecast period. The popularity of competitive sports, extreme sports, and fitness training, including strength programs, is increasing at an exponential rate. Extreme sports such as motor racing, dirt biking, mountain climbing, and water sports such as the ISA World Masters Surfing Championship and Freestyle Kayak Championships are examples of some of the popular extreme sports events that are gaining huge popularity among the population, worldwide.

The demand for sports protective equipment is anticipated to increase during the forecast period, with the growing participation of people in various sports. With higher participation across various sports, the impact of the driver is anticipated to be high, thereby, proliferating the demand for head protection equipment. Most sports-related injuries occur due to lack of usage of proper sports protective equipment. Hence, sports agencies and associations are becoming stricter in terms of the usage of protective sports equipment to minimize injuries.

Sports Protective Equipment Market: Prominent Regions

The sports protective equipment market in North America was valued at US$ 3.08 Bn in 2018, and is anticipated to rise at a CAGR of ~ 5% from 2019 to 2027. The introduction of many national and international leagues in various sports is leading to the massive increase in sports participation, which demands proper sports protective equipment, indirectly projecting new requirements for these equipment.

Water sports and racing are highly popular among the North American population. Water sports such as surfing and snorkelling are fairly popular in North America, owing to its geographical conditions, surrounded by multiple beaches. Additionally, racing sports such as drag race, dirt racing, and endurance championships are some of the well-known motorsports in North America where sports protective equipment plays a major role.

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Sports Protective Equipment Market: Key Players

Key players operating in the global sports protective equipment market include Adidas AG, Amer Sports Corporation, ASICS Corporation, Grays of Cambridge Ltd., McDavid Inc., Mueller Sports Medicine, Inc., Nike Inc., Puma SE, Under Armour Inc., and Xenith LLC.

Licensed Sports Merchandise Market to Grow Steadily at a CAGR of 4.8% 2018-2026

The global licensed sports merchandise market is set to chart a steady CAGR (Compound Annual Growth Rate) over the forecast period of 2018 to 2026, creating lucrative opportunities for growth. Market players would be found leaving no stone unturned in order to make the most of these opportunities. Besides, the growth will also translate to a higher market worth.

The competitive landscape is fragmented and key players in the market landscape include VF Corporation, Nike Inc., Fanatics, Inc., Adidas AG, Puma SE, G-III Apparel Group, Ltd., Sports Direct International plc, Hanesbrands Inc., Under Armour, Inc. and DICK’S Sporting Goods Inc., among others.

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North America will Hold a Prominent Share of Market Growth in the Global Licensed Sports Merchandise Market

North America held the biggest share over the past few years, and the trend will continue owing to high disposable incomes and presence of a number of sports leagues. Besides, the region has high sports enthusiasm and has multiple leagues participating in various sports activities.

And it is pertinent to note here that Asia Pacific will also chart a high CAGR over the forecast period owing to high population density, increasing interest in newer sports and rising disposable incomes.

Participation of Women to Boost Market Growth

Women are more participative in various sports now than they were ever before in the history of the world. Besides, with more women earning now, there spending power has increased considerably. It is pertinent to note here that the fan base of National Football League has women forming 40% of the total. Even in terms of direct participation, the number of women is increasing rapidly. In England, some 7.21 mn women play sports actively. This is set to contribute quite positively to the global licensed sports merchandise market.

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Active Lifestyle Catching up with People

As lifestyle health issues catch up with people such as obesity and heart disorders, exercise has become central – be it in the form of gyms or through sports. And, this is leading to demand in the licensed sports merchandise market. More and more people are now moving towards sports as a means to stay fit both physically as well as mentally. The fact that sports are major stress busters are really working in favor of licensed sports merchandise market.

Processed Mango Product Market to Grow Steadily at a CAGR of 6.1% 2018-2026

The global processed mango product market is expected to reach US$ 2,043.1 Mn and US$ 31,669.0 Mn for primary processed mango product and secondary processed mango product respectively by 2026, expanding at a CAGR of 6.1% and 7% respectively from 2018 to 2026. Asia Pacific held the dominant market share of the processed mango product market in 2017.

Factors such as increasing consumption of mango products, increasing preference for highly versatile and sweet products, and rising awareness about nutritive products are driving the growth of the processed mango product market. However, availability of mangoes only during certain seasons, fluctuations in mango prices, and stringent regulations of food processing across the globe are the major restraints for the processed mango products market. Rise in preference for organic mango products, and increasing consumption across the globe can increase the export value of mango products especially in the U.S. and in Europe. This market has threats from various substitutes of fruit based products in the market.

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According to the report, the most commonly used products in the global market are primary processed mango products. These products include dried mango, mango puree, mango pulp, concentrate, and IQF mango. Secondary processed mango products are now easily available and are preferred across households. Some of the secondary processed mango products includes mango juice, fruit bar & candies, jam, jelly and pickles. The report offers detailed segmentation based on product type, distribution channel, and region. According to the report, processed mango products witness demand for primary processed and secondary processed mango products with a gradual CAGR of 6.1% and 7.0% respectively in terms of revenue. The report highlights that primary processed mango products such as mango puree, pulp, and concentrate will contribute to a CAGR of 6.7% of during the forecast period. Secondary processed mango products such as fruit bars & candies will contribute to a CAGR of 7.6% during the forecast period.

However, demand for mango juice will rise at a brisk rate of about 7.0% CAGR as it sees high demand from consumers. Primary processed products such as dried mango will contribute to a CAGR of 6.1% during the forecast period. The report projects that distribution channels for primary processed and secondary processed mango products will display a growth rate of about 6.1% and 7.0% respectively in terms of revenue. The report also forecasts the online sub-segment of the distribution channel to expand at a CAGR of 6.6% respectively based on revenues of primary processed mango products and secondary processed mango products. 

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Over the last few years, manufacturers have developed their business models to meet the demand and regulations of the processed mango product market. Major players are focusing on product innovation and collaboration to expand their business. Leading global players profiled in the report are Agrana Group, Allanasons Private Limited, Del Monte Foods, Inc., Jain Irrigation Systems Ltd., Vadilal Industries Ltd., Capricorn Food Products India Ltd., Keventer Agro Ltd., Freshtrop Fruits Limited, Superior Foods, Inc., Dohler GmbH, 7D Mangoes, Sunrise Naturals Private Limited, Valleyfresh Pty. Ltd., The Proeza Group, Varadharaja Foods Private Limited, ABC Fruits, Manbulloo Limited, Galla Foods, and Foods & Inns Limited.

ID card printers Market Overview and Regional Outlook Study | 2027

Global ID card printers Market: Overview

The global ID card printers market is projected to witness robust growth during 2018-2026 period. ID card printers is an electronic device which are generally in operation for about 5 to 8 years. These devices are gaining increased popularity as electronic authentication both secures and accumulates essential data for various commercial operation. The process is often autonomous and hence, requires little effort on the part of authorities to run operations. Moreover, it also increases productivity and efficiency with essential checks and balances. There are various types of ID card printers available in the market today. These include double slided card printers, Retransfer Card Printers, and High-Performance Card Printer. Moreover, card printers can be embed various built-in technology for access including Bluetooth, ethernet, USB, biometric, and can be rewritable in nature as well. The growing trends like automation, rising application of biometric security, and adoption of IT solutions across a wide range of sectors are expected to drive growth for the ID card printers market.

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Global ID card printers Market: Notable Developments

Kenyan government has announced a compulsory shift for citizen to its national ID system by December. The interior cabinet secretary of Kenya announced that the new bill would require Kenyan citizen to register for the NIIMS in order to get health care, driving license, pay taxes, get a SIM card, or even register a marriage or get a public education. Similarly, Ghana has announced a move to create a key public infrastructure to protect electronic transactions. The country has set aside funds of $4 MN to provide more security and build infrastructure to support electronic transfers in the near future.

HP, a major player in the ID card printers market has issued a new certification for printers used in the healthcare sector. Currently, potential infections and bacterial contamination due to electronic devices is a major concern. According to Center for Disease Control, each year over 1.7 million infections and subsequent 99,000 deaths in hospitals. As electronic equipment is often susceptible to damage to methods of sterilization, it often escapes the vigorous standard expected. However, the new standard will likely provide durability for 10,000 times the current industry-standard for germicidal wipes. This EN/IEC 60601-1-2 certified HP Healthcare Edition printers will help players address a pressing concern in the ID printers market to better cater to the healthcare sector.

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Global ID card printers Market: Drivers and Restraints

Rising demand for electronic security, biometric applications, and influx of supporting infrastructure like 5G are expected to drive growth for the ID card printers market. Growth of advancements in printing technology like 3D printing, rising demand for sectors like healthcare, Telecom, and finance are expected to draw major opportunities for players in the market. Additionally, education sector is also expected to emerge as major venue for growth for players in the ID card printers market. The rising demand for education, specifically for technical education and short-time courses are expected to create new opportunities.

Global ID card printers Market: Geographical Analysis

The global ID card printers market is projected to register highest growth in North America region. The region is home to some of the largest printing companies and continuous to adopt to new technology at a brisk space. Similarly, Europe is expected to witness major gains as EU pushes for electronic infrastructure with the strong backing of legislation and progressive reforms. Moreover, the global ID card printers market is also expected to witness its fastest growth in Asia Pacific. The rising IT infrastructure, emergence of key manufacturing firms in China, and growing demand for electronic security solutions are expected to drive growth for the global ID card printers market.

Electric Bicycle Motors Market: Lucrative Opportunities 2027

Global Electric Bicycle Motors Market: Overview

The global electric bicycle motors market is set to chart an impressive CAGR (Compound Annual Growth Rate) from 2019 to 2027, creating valuable growth opportunities for market players worldwide. This will also pull the market up by a considerable amount.

Rising awareness regarding fitness and environmental concerns regarding burning fossil fuels is leading to rise in demand for electric bicycles and therefore electric bicycle motors over the forecast period.

Global Electric Bicycle Motors Market: Notable Developments

The global bicycle motors market is rife with developments that are shaping the competitive landscape and the outlook for the market. A glimpse into it is provided below.

Recently, Government of India, came up with FAME - Faster Adoption and Manufacturing of Hybrid and Electric Vehicles – a financial aid scheme for manufacturers that is set to contribute positively to growth of the market. This also means increase in opportunities in the region over the forecast period.

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Currently, the market landscape is fairly fragmented and prominent names in the global electric bicycle motors market include Bafang Electric (Suzhou) Co.,Ltd, BionX International Corporation, Brose Fahrzeugteile GmbH & Co. KG, Continental AG, DAPU Motors, Derby Cycle Holding GmbH, J.D. Components Co., Ltd., Nidec Corporation, Ortlinghaus-Werke GmbH, Panasonic Corporation.

Most of these players ride the wave of a robust distribution network. Other strategies employed towards maintaining edge over other competitors include product development, mergers, and strategic collaborations.

Global Electric Bicycle Motors Market: Key Trends and Drivers

There are numerous factors driving the global electric bicycle motors market on an upward growth trajectory. Some of the most potent ones have been detailed out below.

• Rising Awareness Regarding Fitness Driving Demand for Electric Bicycle Motors Market. Countries across the globe are witnessing obesity and stress levels on a steep upward curve. This is a natural outcome of longer workdays which leave people drained of the last bit of energy to dabble into sports and hobbies. Besides, it is also a factor of rising intake of processed food as tired people are hardly ever found keen to prepare elaborate meals. This often leads to ordering food in or processed, ready-to-eat or easy-to-cook food options.
• World over, electrification of vehicles is gaining steam, owing to push for opting greener modes of fuel. Rising global temperatures and outcomes of the catastrophe being faced earlier than predicted are all factors driving consumers as well as governments to go for electric bikes as these emit no fumes and are also a great way to exercise.

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Global Electric Bicycle Motors Market: Regional Analysis

North America will lead the way owing to rising levels of obesity incidence. People as well as governments are focusing on responding strongly to the menace. Besides, in general fitness is gradually taking center-stage in the region. The United States alone has 8600 miles of bicycle lanes. This also highlights how the infrastructure in the region is supportive of market growth

This would be followed by Europe which is at the brunt of climate change and clamoring hard for alternate greener fuels. Already, a number countries are using biofuels for public transportation such as Lithuania and Norway. Cycling is only natural to be the next big thing in the region. Besides, thanks to the terrain and gorgeous landscapes, the market will only see a steeper curve, upwards. To add to this, prominent bicycle related sporting events held regularly further propels the global electric bicycle motors market forward.

Mens Skincare Products Market - Competitive Landscape and Key Product Segments 2027

Men’s Skincare Products Market: Overview

Until very recently, there was no particular hype about the men’s skincare products. Leading players too treated that segment lower than that of women related products. However, with the new researches, developments, and with a view to build a more sustainable brand, the global men’s skincare products market is the one with maximum growth opportunities. One of the major trends in the global men’s skincare products is of organic men’s skincare products. Aligning with the wellness and health trend, green or organic men’s skincare products of better quality are in great demand.

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Men’s Skincare Products Market: Notable Developments

Some of the recent notable developments in the global men’s skincare products market are given below:

• In September 2019, Beiersdorf announced that the company has launched a new skin care product especially designed for tattooed skin. The new product has the so-called INKGAURD® technology that has an active ingredient blend that will help in taking care of the tattooed skin.
• In May 2019, Beiersdorf announced that the company has successfully acquired the legendary and iconic Coppertone™ brand from Bayer AG. The overall price of the deal was worth US$550 million.

Men’s Skincare Products Market: Drivers and Restraints

There is range of factors that exerts a positive influence on the development of the global men’s skincare products market. One of the biggest driving factors for the growth of the men’s skincare products market is the portfolio extension and product innovation that has led to the establishing of a premium brand product. There are some leading manufacturers in the men’s skincare products market that consistently offer new and more innovative products to their consumers. Such skincare products are generally expensive than the regular ones.

However, with the growing economic strength of people, they are ready to pay high amounts for a superior quality product that will offer an enhanced solution to their skin problems. Pigmentation, aging, and acne has long been some of the most common skin related problems among men. With such new and innovative products that provide the estimated results, their demand is certainly on the rise. This has thus helped in driving the growth of the global men’s skincare products market to newer heights.

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Men’s Skincare Products Market: Geographical Outlook

The global men’s skincare products market is divided into five major regional segments to give a better understanding of it geographical landscape. These regions are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific. It is projected that the regional segment of Asia Pacific will dominate the global men’s skincare products market in the coming years of the forecast period. Previously the regional segment did contribute significantly in terms of value as well as volume. Such stellar growth of the Asia Pacific men’s skincare products market is primarily attributed to the highly established brands that provide consistent product quality. In addition to this, the aggressive and innovative marketing strategies and campaigns set up by these brands are also helping to increase the sales in the region.

Underwater Camera Market is Expected to Surge at a CAGR of 15.63% Over 2017-2025

Transparency Market Research observes that the competitive landscape in the global underwater camera market is significant fragmented. Analysts state that increasing number of players are expected make new product launch in order to acquire a share in the overall market. Furthermore, companies are also trying to incorporate features such as GPS, Bluetooth, and Wi-Fi to appeal to the various demands of the end users. Companies are also trying to manufacture versatile cameras at competitive prices to lure in a younger population that has limited disposable income. Some of the key players operating in the global underwater camera market are Panasonic Corporation

Nikon Corporation, GoPro Inc., Canon Inc., Brinno Inc., Sony Corporation, and Garmin Ltd.

According to Transparency Market Research, the global underwater camera market was valued at US$2109.9 mn in 2015 and is expected to reach up to US$8946.1 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to exhibit a significant CAGR of 15.63%. In terms of sales channel, the online segment is projected to lead the global market as it surges at a CAGR of 16.84%. Geographically, Asia Pacific is poised to do exceptionally well as it is expected to register a CAGR of 16.89% during the forecast period.

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New-age Travelers Spike Demand for Underwater Cameras

An increasing number of individuals especially the young population is taking adventure trips in order to experience nature closely. They are keen to observe as well as capture the underwater elements such as ship wrecks, sponges and fishes, among others while experiencing the underwater life. Also, the growing popularity of the social media platforms is impacting the underwater camera market positively. This is owing to the fact that people are eager to share their experiences with their friends and family through the social media platforms. Furthermore, the growing internet penetration is another factor that is driving the growth of the market upwards.

According to Trip Advisor, an online travel review website, the internet is the second most popular source of inspiration for leisure travel among the masses. The commercial segment includes the camera being used by professionals to capture and study underwater life. Additionally, underwater cameras are also used by the professionals of travel channel brands which broadcast travel shows to inspire and provide information to the masses regarding the various travel destinations across the globe.

Development of Robust Underwater Cameras Proves Integral in Research and Surveillance

Availability of sturdy underwater cameras is expected to drive sales in the near future as they serve an important purpose of surveillance of the underwater life. Over the years scientists have studied underwater life that includes ship wrecks, corals, and sponges among others through diving. However, advent of cameras has allowed them explore the uncharted parts of the aquatic world. Underwater cameras have played an integral role in research and study of the water world. Today, robust designs of these underwater cameras has enabled several end users to capture high quality images despite poor natural light.

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Features such as shockproof and freezeproof are an added advantage while using these gadgets. Analysts expect that addition of features such as Wi-Fi, built-in GPS, compass, 4-K video recording, and Bluetooth are likely to augment the demand of underwater camera market in the forthcoming years.

Secure Web Gateway Market is Projected to Grow at a CAGR of 20.7% from 2017 to 2025

Transparency Market Research observes that competitive landscape in the global secure web gateway market is moderately fragmented. Each big and new player has been closely watching the IT market to understand its impact on the demand of secure web gateways. Companies such as IBM Corporation, Forcepoint, Symantec Corporation, Cisco Systems, Inc., and Sophos Group Plc are expected to develop affordable solutions to cater the growing demands of small enterprises, which in turn to will help the players to expand their horizons. A shift toward cloud-based solutions will be seen in the forthcoming years as companies try to make the most of this technology.

According to the research report, the global secure web gateway market is expected to be worth US$12,443.0 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 20.7%. The report also suggests, that the solution segment will prosper more than the software one. Geographically, North America is expected to stand out as the culture of Bring Your Own Device (BYOD) is becoming an important aspect of the professional setups.

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Cloud-based Applications Spike Demand for Better Secure Web Gateways

Numerous advancements such as threat intelligence integration, automated real-time breach detection and prevention platforms and implementation of stringent laws and regulations are expected to boost the secure web gateway market. Infrastructural developments and increasing technological enhancements in web security products and solutions in various emerging economies have been identified as the key growth drivers for the global market. Email gateway solution segment is projected to grow at highest CAGR over the forecast period due to increasing need to filter an emails that contains suspicious content, attachments, URLs and spam filtering. Launch of innovative secure web gateway solutions by number of players and growing IT spending have also made a significant difference to the positive earnings of the global market.

Multiple web security solutions and services providers are now offering advanced cloud based web security solutions. This emerging trend is expected to work in favor of the global market over the forecast period. Increasing adoption of secure web gateway solutions in BFSI industry is in order to protect banking and financial services firms and safeguard critical financial data from exposure and online frauds is anticipated to augment the global market. Rapid uptake of cloud-based applications has also spiked the demand for secure web gateway solutions amongst small and medium enterprises. Analysts anticipate that growing usage of advanced data storage technology will also have a positive effect on the global market. The wave of digitization in emerging economies is expected to create myriad lucrative opportunities for the global market in the forthcoming years.

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Lack of Acceptance of Newer Technologies to Negatively Impact Market

On the downside, the global secure web gateway market is negatively impact by the slow process of transformation to cloud, especially for individual organizations. Furthermore, the initial high cost of investment for adopting new solutions and training personnel is also expected to dissuade end users. Furthermore, lack of awareness about secure web gateways and poor rate of acceptance amongst various enterprises are expected to hamper the growth of the global market. The strong presence of traditional firewall solutions is also projected hamper market growth in the near future.

Broad Ion Beam Technology Market is Projected to Grow at a CAGR of 8.7% from 2017 to 2025

With competition getting fiercer by the day, prominent players in the global broad ion beam technology market are experimenting with diverse strategies to emerge at the fore. Besides innovations and investing in technological advancements, several market players are keen on forging partnerships. Given the scenario, the competitive rivalry among key players are likely to get stronger in the near future, finds Transparency Market Research (TMR) in a new study. At the same time, the market for broad ion beam technology is likely to gain impetus as several of these strategies could have positive influence on its trajectory. Some of the companies operating in the global broad ion beam technology market are 4Wave Incorporated, Oxford Instruments, Meyer Burger Technology, Hitachi High-Technologies Corporation, Raith GmbH, Plasma-Therm, and Veeco Instruments Inc.

As per TMR, the global broad ion beam technology market is likely to reach US$374.0 mn by the end of 2025, compared to US$179.83 mn in 2016. During this time, TMR projects the market to exhibit a CAGR of 8.7%. Among key regional markets, North America emerged as the most lucrative one. The rising prospects witnessed in the US are likely to enable the North America broad ion beam technology market gain significant impetus. In 2016, North America held nearly 36.75% of the market. From amongst the end users, the market will considerably benefit from the rising demand in MEMS and semiconductor and electronics industry.

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Rising Application in Nano-electron Microscope to Create Lucrative Prospects

The global broad ion beam technology market is growing stronger with passing time. The robust growth witnessed in the market is supported by various factors. For instance, fabrication incurs lesser cost if it is done using broad ion beam milling. In this process low energy noble gas ion beams such as helium and argon are used. In the last couple of years, the demand for broad ion beam milling has significantly increased owing to its use for re-shining samples for transmission electron microscope. Also, the application of broad ion beam has considerably increased in nano machining, which TMR has projected to spur market opportunities in the coming years. The application of broad ion beam technology has considerably increased over the past years and these applications have highlighted various concepts such as very low energy ion beam can reduce physical spluttering in reactive etching and using multiple targets to splutter can deposit compound and alloy. The market can significantly benefit from the rising awareness of such concepts. In addition, the increasing use of broad beam ion sources in electrically powered spacecraft propulsion will ensure that the growth for the market remains steady through the forecast period.

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Existing Operational Complications May Restrain Growth

On the downside, operational complications in broad ion beam technology may decelerate its gains in the coming years. In addition, disproportionate ion-beam current is often considered objectionable as it may speed up wear and tear of accelerator grid and increase the target impurity. Until these concerns are mitigated, the market’s trajectory may remain a little restrained. Nonetheless, with several technological advancements on card, the market is likely to witness numerous growth prospects in the coming years. This, coupled with innovations in photovoltaic cells and rapid expansion of the semiconductor and electronics industry will enable the market prosper in the coming years.

Public Transport Smart Card Market is Projected to Grow at a CAGR of 12.6% from 2017 to 2025

In light of spiking rivalry, the leading players in the global public transport smart card market are experimenting with diverse strategies to gain competitive strength. In a recent study, Transparency Market Research (TMR) has highlighted strategic collaborations witnessed in the past few years as some of the key moves by the market players to emerge stronger. Meanwhile, larger companies in the global public transport smart card market are keen on acquiring smaller players to expand their regional footprint. In addition, the companies operating in the global public transport smart card market are likely to distinguish their product and service offerings through unique sales proposition. This will help them achieve a unique brand identity, subsequently emerging as a stronger player in the global public transport smart card market.

Strategies that companies experiment with are bound to influence the prevailing trends in the global market. According to TMR, the global public transport smart card market will surge at 5.6% between 2017 and 2025. By the end of 2025, the global public transport smart card system is likely to reach US$89,862.2 mn. The market was valued at US$55,000 mn in 2016. Occupying nearly 45% of the global market, North America emerged dominant in 2016. The region’s growth in the global sphere will be backed by the presence of a highly structure healthcare industries. Based on technology type, the clinical chemistry segment held lead in 2016, holding nearly 25% of the global public transport smart card market.

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Global Market Derived Significant Benefit from Large-scale Implementation in Emerging Nations

When smart card was introduced, the primary aim was to simplify public transport ticketing, in turn making transport system more efficient. In the last couple of years, electronic smart cards have emerged as more efficient alternatives for users to pay and access transport services. The smart card technology has been around for quite some time and so have the implementations with smart cards. However, in the transport industry, the early pioneering trials resulted in much talked about failures. Notwithstanding this, by the late 1990s, the transport sector in developed nations realized the potential benefits of adopting smart-card ticketing. Gradually, large scale ticketing schemes were implemented in Asia. This enabled the global public transport smart card market gain significant momentum in the past.

It is not only passenger who benefits from the smart ticketing systems. Benefits are also derived by local transport authorities and central government. The advent of technological advanced ticketing schemes has made possible diverse applications of smart card in the transport sector. This in turn has amped up the installation of advanced fare payment systems, thereby, enabling the global public transport smart card market gain significant impetus. These smart cards can be used for various fare structure, which is identified as a chief market driver.

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High Cost Incurred on Migrating Smart Cards May Hamper Growth

On the downside, migration of smart cards may incur high investment. This factor can restrain the market’s trajectory to an extent. Besides this, technical challenges with regards to using smart cards may hamper the market’s growth in the coming years. Nonetheless, recent forecasts suggest that the technology will penetrate further in developing and underdeveloped countries in the coming years. Spurred by novel opportunities, the global public transport smart card market is likely to showcase immense growth during the course of the forecast period.

Photomask Market is Projected to Grow at a CAGR of 2.3% from 2017 to 2025

Photomask is recognized as a key enabler for lithographic solutions. Hence, there is an ongoing research to develop new mask materials and high NA EUV lithography. With technological advancement and introduction of new devices, there has been an increase in demand for high chip density, as a result, manufacturers are developing photomask that offers high chip density, enabling higher functionality performance. This is also resulting in the increasing investment in innovative technologies to develop photomasks for 20nm and 28nm wafer fabrication.

The demand for a large size of photomask has also fueled with the increased use of Flat Panel Display (FPD) in electronic devices including TVs, smartphones, PCs, notebooks, etc. the FPD mask is being increasingly used for manufacturing large screen electronic devices. The key players are also capturing market share by capitalizing on the increasing demand for large size photomask. System on Chip (SOC) is an IC which acts as a central processor in complex devices and is also being used largely in smart electronic devices and smart gadgets. Hence, growing demand for these devices is leading towards increased application for SOC, thereby resulting in the need for special photomasking equipment and also photomask inspection equipment. Meanwhile, there has been an increase in adoption of Internet of Things (IoT) in various industries, hence the demand for semiconductor is also growing and this is likely to drive the growth of the global photomask market.

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Some of the key players in the global photomask market are KLA-Tencor Corporation, Applied Materials, Inc., Photronics, Inc., Nippon Filcon Co., Ltd, Lasertec Corporation, Toppan Printing Co., Ltd., SK-Electronics Co., Ltd, HOYA Corporation, LG Innotek Co., Ltd, and Taiwan Mask Corporation.

Global Photomask Market to Witness Sluggish Growth during the Forecast Period 2017-2026

As per the latest report by Transparency Market Research (TMR), the global photomask market is expected to witness sluggish growth. The market is projected to register 2.3% CAGR during 2017-2026. By the end of 2026, the global photomask market is likely to bring in US$ 4,249.1 million revenue.

The global photomask market is segmented into trade type, photomask type, and technology type. Based on the photomask type, the segment is further divided into reticles and masters. Masters photomask is expected to account for maximum revenue share.

Trade type is further segmented into captive and merchant. Among these, captive is expected to be the largest trade type segment during the forecast period 2017-2026. By technology type, the market segment includes e-beam, laser, and emulsion. The emulsion is expected to witness growth in the global photomask market during the forecast period.

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APEJ to Remain Dominant in the Global Photomask Market

Asia Pacific Excluding Japan (APEJ) is expected to be one of the major revenue contributors to the photomasking market through 2026. China and South Korea are witnessing a huge demand for semiconductor components. Meanwhile, the government in China is also providing support to increase the domestic production of ICs. Hence, growth in the manufacturing of ICs in the country is expected to boost the need for photomasking. Presence of major electronic device manufacturers is also resulting in the growth of photomask market in the region. Meanwhile, the U.S. is also expected to witness growth due to the presence of semiconductor manufacturers and flat panel display manufacturers.

IP Telephony Market is Projected to Grow at a CAGR of 8.8% from 2017 to 2025

Some of the leading telecommunications and IP telephony providers are currently making efforts to offer advanced IP phones to consumers. By doing so these players aim for a strong footprint in the global IP telephony market, finds Transparency Market Research (TMR) in a new study. Moreover, cashing in on the latest technologies, several players are offering improved cloud-based telephony systems. Besides this, collaborations are a part of strategic activities conducted by various companies to attain lead in the global IP telephony market. For instance, in May 2017, one of the prominent telecommunications service providers – Optus collaborated with Broadsoft, which specializes in cloud software, to provide improved cloud-based telephony systems for medium and small-sized businesses, which offer fixed line services and hybrid mobiles.

The effect of these strategies adopted by the leading players can be noted in the overall market’s trajectory. According to TMR, the global IP telephony market is likely to showcase a positive 8.8% CAGR over the forecast period starting from 2017 to 2025. At this pace the global IP telephony market, which stood at US$29.52 bn in 2016, will value US$63.34 bn by the end of 2025. By component, the softphones segment is likely to remain strong, exhibiting a CAGR of 9.4% through the aforementioned forecast period. Regionally, North America held the highest share in the global IP telephony market in 2016. Besides this, the market is also expected to witness lucrative prospects in Asia Pacific.

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Rising Uptake of Softphones to Augur Well for the Market

The market will increasingly benefit from the rising adoption of softphones and the increasing demand for VoIP services. As more companies adopt cloud technology to spearhead technological advancements in their businesses, the demand for IP telephony will spike in response. Given the scenario, experts are of opinion the global IP telephony market will considerably benefit from the modernization of network infrastructure, the increasing use of high speed communication, and the rising adoption of VoIP services, especially in the banking sector. To capitalize on the prevailing opportunities, IP telephony and telecommunication providers are seen offering diverse advanced IP phones to consumers. Besides this, several companies have offered enhanced cloud based telephony systems to attain a sustainable lead in the global telephony market.

Opportunities Witnessed across Emerging Nations to Give Market Significant Impetus

Meanwhile, the market is expected to gain momentum in response to the attractive opportunities offered by Japan and emerging nations such as India in Asia Pacific. The presence of a large pool of IP telephony service providers who offer advanced telephony services at affordable prices will give impetus to the overall market in the coming years. In other parts of the world the market will exhibit a higher pace as businesses effectively commence optimizing their employee productivity, UC frameworks, and the overall efficiency of their day to day operations.

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The journey however begins with the incorporation of VoIP services. In response to the willingness of companies to invest in upgrading their existing VoIP services, the overall technology industry is gaining steam after years of reporting robust growth. Furthermore, the industry is witnessing an onset of investment from organizations for the first time, which bodes well for strategic collaborations in the private sector. The cumulative effect of all these factors will be felt in the global IP telephony market in terms of increased CAGR.

Vehicle Analytics Market is Projected to Grow at a CAGR of 20.9% from 2017 to 2025

Competition in the global vehicle analytics market is expected to rise sharply in the coming years, as players are using different organic and inorganic strategies to strengthen their position in the market. According to Transparency Market Research, this market is likely to witness high growth due to advanced taking place in the automotive industry.

Leading players providing vehicle analytics services are investing heavily in upgrading their product portfolio. They are also entering in partnership, collaboration, and merging with other smaller players operating in the market. This will benefit the players to stretch their business in different regions. Moreover, players are also investing to upgrade their product portfolio and services to provide advanced services to their users. Amodo, Automotive Rentals, Inc., Agnik LLC, Harman International Industries, Inc., SAS Institute Inc., IBM, and Inquiron are some of the key players operating in the global vehicle analytics market.

Statistical information presented in the report states that the global vehicle analytics market might progress at staggering 20.9% CAGR between 2017 and 2022. The market valuation is expected to reach US$10.21 bn by the end of 2022. In 2017, the market earned US$0.64 bn.

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Based on deployment type, the demand for on-premises deployment type is high as compared to cloud deployment type. High adoption rate of on-premises in various industries led this segment lead the market. However, the demand for cloud deployment type is also expected to rise significantly in the forthcoming years. In terms of geography, Europe is likely to hold maximum share in the global vehicle analytics market. Presence of key players in the region along with growing demand for advanced electric cars and car analytics solutions has strengthened position of Europe in the global vehicle analytics market. Asia Pacific can be termed one of the fastest growing market for vehicle analytics due to growing preference for advanced electric vehicles.

Manufacturers Are Focusing on Using Artificial Intelligence that Will Boost Growth in Vehicle Analytics Market 

Growing need for real-time tracking is one of the major factor driving demand in the global vehicle analytics market. Moreover, growing need for mobility and fleet management is also triggering demand this market. This has forced transport service providers to improve operational efficiency, and deliver enhanced customer service while offering sustainability. Manufacturers are also planning to shift their focus on machine learning, artificial intelligence, and predictive analysis in vehicles, making them even more tech-savvy.

Furthermore, migration towards cloud is also projected to boost the market’s growth and offer new doors for innovation. Another significant factor that led the demand for vehicle analytics is the way manufacturers are integrating advanced vehicular technology in vehicles.

High Initial Cost and High Security Issues Might Challenge Market Growth 

Limited network coverage is one of the key restraint that might hamper growth in the global vehicle analytics market. High cost involved during initial setup and concerns related to data security are projected to challenge demand in this market. Moreover, integrating data with existing software systems is also tricky, which might restrict growth in the global vehicle analytics market.

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However, excess efforts made to make autonomous vehicle a reality and to leverage analytics to enhance customer experience that might assist in overcoming these restraints. Moreover, increasing use of real-time data collection from GPS tracking devices and sensors are also expected to expand the global vehicle analytics market.

Data Center Interconnect Platforms Market is Projected to Grow at a CAGR of 12.7% from 2018 to 2026

According to a new market report published by Transparency Market Research, the global data center interconnect (DCI) platform market is expected to reach a value of US$ 8,827.8 Mn by 2026 on account of hyper scale data centers and adoption of cloud-based services across regions. The market is projected to expand at a CAGR of 12.7% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to experience healthy growth which is expected to be followed by South America during the forecast period.The solution segment is expected to see flourishing growth, owing to rising demand for Ethernet solutions, open optical line systems, and packet optical networking solutions.

Demand for data center interconnect solutions for large enterprises

The data center industry is experiencing explosive growth globally. Market competitiveness and improving technologies have made it more cost-effective for large enterprises to move their workloads off-premise into independently operated data centers. Explosive growth in cloud computing has radically increased the size and economic impact of data center interconnect investments made by the large enterprises of data center interconnect. Similarly, vendors across countries such as China, India, the U.S., U.K, Germany, and Norway are focusing on enhancing data center interconnect solutions and services. Public agencies as well as private companies are also emphasizing on developing solutions that are highly reliable and are cost-effective.

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Data Center Interconnect (DCI) Platforms Market: Scope of the Report

The data center interconnect platforms market is segmented on the basis of components, applications, industry, and region. According to the research study, the solutions segment of the data center interconnect platforms market is anticipated to experience flourishing growth during the forecast period. This is mainly due to the increasing adoption of Ethernet solutions, open optical line systems, and packet optical networking solutions across regions. In addition, growth of solutions is also expected to be supplemented by increasing demand for advance technological solutions across the data center industry. By 2026, solutions segment is projected to cover 63.76% of the global market. Apart from this, federated data storage application is also expected to play a vital role in supplementing the growth of the data center interconnect platforms market. Vendors are engaged in introducing various strategies to enhance the solutions for storing large volumes of data such as disaggregation of data center interconnect solutions, introducing advance open line systems etc. Based on industry, Carrier Neutral Providers (CNP) /Internet Content Providers (ICP) have the maximum share for usage of data center interconnect solutions in 2018. Carrier Neutral Providers (CNP) / Internet Content Providers (ICP) are gaining importance in the cloud ecosystem due to the services they offer enterprises as well as local internet service providers that provide broadband for consumers and businesses across the globe.

North America is leading the data center interconnect platform with more than 40% share globally. This is the result of increase in the hyperscale data centers and adoption of cloud-based services in the region. Furthermore, strong presence of data center interconnect solutions and service providing vendors across the region is contributing to growth of the market. Major share of North America is from the U.S due to the high adoption rate of cloud-based services in consumer and business applications.

In terms of opportunities, Asia Pacific and South America are expected to witness healthy growth during the forecast period. High internet penetration and expansion of data centers by major players in China, India, and Brazil has led to prominent opportunities to the data center interconnect platform market.

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Global Data Center Interconnect (DCI) Platforms Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global data center interconnect (DCI) platforms market. Some of the key players profiled in the market include ADVA Optical Networking, Avaya., Ciena Corporation, Cisco Systems, Inc., Colt Technology Services Group Ltd., Coriant GmbH, Dell, Fujitsu Ltd.,Huawei Technologies Co., Ltd., IBM Corporation, Infinera Corporation, Juniper Networks, Inc., Nokia Corporation, VMware, and ZTE Corporation.

Water Source Heat Pump Market Key Drivers & On-going Trends 2027

Water Source Heat Pumps: Introduction

• A water source heat pump operates in a manner similar to a regular air pump except the fact that it transfers and extracts heat by using water as a source instead of air
• A water source heat pump works by cycling water through a system of pipes that are laid out at the bottom of a water body or reservoir. The water cycled through pipes captures heat from the water body and dissipates it into the house.
• Water source heat pumps are used in two kinds of heat pump systems: geothermal systems and water loop systems
• Use of water source heat pumps can save a lot of money and protect the environment from harmful emissions

Key Drivers of Global Water Source Heat Pump Market

• Water source heat pump systems are used in commercial buildings, such as shopping malls, hotels, and libraries, which require different temperature zones. Some of these buildings require cooling, while others require heating. Thus, the building & construction industry is a major customer of water source heat pumps.
• Governments have imposed regulations on developers regarding zero carbon emissions from construction. As per these regulations, a whole-life carbon assessment should be conducted for all construction projects. Use of devices with low carbon emissions, such as water source heat pumps, proves highly useful to meet these regulations imposed on developers. This, in turn, is projected to drive the global water source heat pump market during the forecast period.
• Onshore oil and gas service companies operate under harsh and extreme climatic conditions. Ground source or water source heat pumps can operate under these conditions.

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Key Restraints of Global Water Source Heat Pump Market:

• Water source heat pumps need to be located close to a conditioned space, where it can generate radiated sound. However, different measures have been practiced to reduce this radiated sound to acceptable decibel levels.
• A water source heat pump requires an individual condensate piping line to be run from the unit
• With insufficient water supply, a water source heat pump lowers the temperature of the water to the point at which the system would not run much efficiently or would get dysfunctional. The more the heat needs to be generated, the larger the water source required.

Major Developments

• In January 2019, Vital Energi announced its plans to start working on Scotland’s first major water-source heat pump. Vital Energi would deliver the pump, which would be installed at the GBP-250-Mn Queen’s Quay regeneration project in Clydebank, Scotland. The GBP-15-Mn energy project would provide heat for the area’s homes, businesses, and a few public buildings.
• On January 2019, The Whalen Co. introduced the Closetline CAS packaged heat pump. Its capacities range from 0.5 tons to 5.0 tons, with 13.5 or 17.0 EER (Energy Efficient Ratio) at WLHP conditions in a compact cabinet designed for ease of service.

Asia Pacific to Hold a Major Share of Global Water Source Heat Pump Market

• Based on region, the global water source heat pump market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
• Asia Pacific dominates the global market and the trend is estimated to continue during the forecast period also, due to rapid urbanization and industrialization in major economies such as China, South Korea, and India.
• Initiatives for shift toward renewable energy sources from the conventional energy by governments in countries of Asia Pacific are expected to have a positive impact on the global market for water source hear pumps during the forecast period

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Key Players Operating in Global Market:

Some of the key players operating in the global water source heat pump market are:

• ClimateMaster Inc.
• Mississippi Power
• Energy Star
• Water Furnace International Ltd.
• Florida Heat Pump Manufacturing
• Bryant Heating & Cooling Systems
• Johnson Controls

Cut-resistant Gloves Market Outlook 2027, Global Opportunity & Growth Analysis

Global Cut-resistant Gloves Market: Introduction

• Cut-resistant gloves are used as personal protective equipment in various industries, such as automotive, food, and health care, to ensure safety and maintain hygiene at workplaces. These gloves help avoid cross contamination and exposure to particulate matters during the manufacturing process.
• Rising awareness regarding workers’ safety across mining, construction, oil & energy, and manufacturing industries is likely to drive the global cut-resistant gloves market during the forecast period
• Asia Pacific is a rapidly expanding market for cut-resistant gloves, owing to large production and usage of these gloves in industries, such as health care, food & beverages, oil & gas, construction, and transportation, in the region

Key Drivers of Global Cut-resistant Gloves Market

• In the chemical industry, cut-resistant gloves are widely used to protect hands from oil and greasy substances. These gloves have several physical properties such as resistance to impact and water and improved grip. This factor is anticipated to drive the global cut-resistant gloves market during the forecast period.
• Favorable regulations regarding health security have resulted in adoption of cut-resistant gloves among end-use industries. For instance, the Occupational Safety and Health Administration (OSHA) has set guidelines under the Occupational Safety and Health (OSH) Act.
• The health care industry witnesses high demand for cut-resistant gloves. Rising medical standards are expected to further drive the demand for cut-resistant gloves in the health care industry during the forecast period.
• Increasing demand for disposable gloves and strict regulations concerning safety also drive the global cut-resistant gloves market. Disposable cut-resistant gloves are considered more comfortable, softer, and inexpensive than re-usable protective gloves.

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Latex Segment to Witness Attractive Opportunities

• Among materials, the latex segment accounted for a major share of the global cut-resistant gloves market in 2018 and is anticipated to continue its dominance during the forecast period, owing to increasing usage of latex gloves in health care, food & beverages, and oil & gas end-use industries
• Nitrile was the most rapidly expanding segment of the global cut-resistant gloves market in 2018, due to allergy-free property, puncture resistance, and durable nature of nitrile gloves. Nitrile cut-resistant gloves provide exceptional flexibility, owing to use of elastic materials in them.
• Based on application, the chemical segment accounted for a major share of the global cut-resistant gloves market in 2018. Chemical gloves provide protection against alkali, organic and inorganic acids, hydrocarbons, and other harmful chemicals.

Environment-related Concerns Likely to Hamper Market

• The global cut-resistant gloves market is primarily affected by diseases associated with the use of these gloves, such as skin allergies, and increasing automation, which reduces manpower, across industries. This factor is likely to restrain the global cut-resistant gloves market during the forecast period.

Asia Pacific Expected to Hold a Major Share of Global Cut-resistant Gloves Market

• North America accounted for a major market share in 2018 and the trend is anticipated to continue during the forecast period, owing to increased awareness about safety as well as regulations that mandate the use of protective gloves in various industries in the region
• The U.S. Department of Labor and the National Safety Council strongly promote usage of protective measures in industries that are highly prone to health risks to avoid accidental damage to health. These regulations are mandatory in key industries to avoid accidental loss. This factor is expected to drive the global cut-resistant gloves market during the forecast period.

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Key Players Operating in Global Market

Key players operating in the global cut-resistant gloves market are:

• 3M
• Ansell Limited
• Top Glove Corporation BHD
• Honeywell International Inc.
• Hartalega Holdings Berhad
• Kossan Rubber Industries BHD
• W.W. Grainger, Inc.
• Supermax Corporation Berhad

Electronically Commutated Motors Market to reach US$ 21.5 Bn by 2027

• The global electronically commutated motors market was valued at ~US$ 13 Bn in 2018, and is expected to grow at a CAGR of ~6% from 2019 to 2027. The global electronically commutated motors market is expanding significantly, in terms of size and value, due to the expansion of the HVAC and consumer electronics sector.
• Asia Pacific holds a major share of the global electronically commutated motors market, followed by North America. Key players largely depend on geographical expansion, promotions, and technological advancements in order to cater to customer demand and gain a competitive edge in the global electronically commutated motors market.
• Asia Pacific accounted for ~41% share of the global electronically commutated motors market in 2018, followed by North America and Europe. It is anticipated to maintain its dominance in the global electronically commutated motors market during the forecast period. This is due to rapid industrialization and urbanization in the region.
• The global electronically commutated motors market is expected to grow to a value of ~US$ 21.5 Bn by 2027.

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Electronically Commutated Motors Market: Driving Factors

• Rise in the demand for energy-efficient products is expected to drive the global electronically commutated motors market during the forecast period.
• Environmental concerns and rise in the demand for electric vehicles is boosting the global electronically commutated motors market in Asia Pacific.
• Electronically commutated motors offer various advantages over conventional motors. Their higher efficiency helps in energy saving, increased operational lifespan, cooler operations, and user comfort. These factors are estimated to drive the global electronically commutated motors market during the forecast period.

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Electronically Commutated Motors Market: Key Challenges

• Smart synchronous permanent magnet motors might act a restraint for the global electronically commutated motors market. Smart synchronous permanent magnet motors eliminate the use of electronics and use a coil for any surge in the line. The elimination of power conversion saves energy and increases efficiency of the system.

Optical Coating Equipment Market to Reach ~US$ 6.4 Bn by 2027

As per a recent report on global optical coating equipment market by Transparency Market Research, the market is expected to witness a substantial growth in the forecast period of 2019 to 2027. The report states that this growth of the market is attributed to progressive demand for anti-reflection coating on eyewear. The coating restricts the scattering of the light once they incident over the reflecting surface. This helps the user to have a clear vision while driving in low-light areas. Based on these benefits the market for optical coating is experiencing a major boost these days.

Competitive Landscape to Bring Opportunities of US$ 2 Bn

At present the global optical coating equipment market has a highly competitive scenario. This is because, the market is dominated by several prominent players. These players are either merging or collaborating with other businesses so that they can acquire a larger share in the global optical coating equipment market. Moreover, some other players are acquiring several businesses in order to maintain their dominance the global optical coating market. All of these strategies aim for a bigger share in the market. The estimate by the experts at Transparency Market Research states that the global optical coating equipment market has the growth potential of US$ 2 bn in the projected duration. According to their analysis, the market is anticipated to reach to the value of US$ 6.4 bn by the end of 2027 which stood at US$ 4.4 bn in 2018.

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Technological Developments Strengthening the Market Grip

The optical coating equipment uses state of the art technologies. These technologies provide impeccable results in the final products. Leveraging these benefits the players of global optical coating equipment market are incorporating technologies such as machine learning, artificial intelligence, Internet of Things to get better results. These technologies are implemented after an intense brainstorming that ensures optimum performance of the equipment. Based on these technological developments, the players of global optical coating equipment market seek to gain a competitive edge over their rival that shall strengthen their grip over the market. Also, these developments can help the businesses to elevate their profit quotient in near future.

Precision over Cost-Efficiency Propels the Market

As a result of growing disposable income, people are focusing on precision and performance of the product. As a result, irrespective of the cost the demand for plasma sputtering, a process to lay a thin layer of coating on the device, or equipment. During the projected tenure, this process is expected to witness a substantial demand and is also projected to account for more than 35% of market share.

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North America Continues to Hold the Top Spot

On geographical front, North America is expected to hold a dominant position from 2019 to 2027. This dominance is the result of the increasing technological developments that ensures swift and precise manufacturing of the products. Based on this factor and escalated demand for precision equipment, North America dominates the global optical coating equipment market.

Advanced Driver Assistance System (ADAS) Market to Reach US$ 154 Bn by 2027

This advanced driver assistance system (ADAS) technology is not only tasked with the ensuring pedestrian and vehicle safety but it also enhances the driving experience. As such, it is increasingly becoming an inseparable component of the modern automobiles, which is driving the advanced driver assistance system (ADAS) market. The technology finds rapid adoption among the commercial as well as passenger vehicles as well.

ZF Friedrichshafen AG, Robert Bosch Stiftung Gmbh, DENSO Corporation, Harman International Industries, Delphi Automotive Company, and Aisin Seiki Co., Ltd are few prominent companies in the global advanced driver assistance system (ADAS) market.

A comprehensive study on the global advanced driver assistance system (ADAS) market has been prepared by Transparency Market Research (TMR), from 2019 to 2027. The market is prophesized to rise at a double-digit growth rate of 13% CAGR.

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Rise in the Sales of Luxury Vehicles to Propel Growth of the Market in Asia Pacific

The Asia Pacific advanced driver assistance system (ADAS) market is likely to experience rapid growth. Much of the growth of the region is attributed to the augmented sales of luxury vehicles together with growing concern about safety amongst the consumers. The demand for safety is gaining considerable traction amongst consumers particularly in countries like Japan, South Korea, and China.

In addition to that, increasing levels of disposable income together with rapid growth in the production of automobiles in China and India are further boosting advanced driver assistance system (ADAS) market in the region. Unavailability of suitable infrastructure in many of the developing countries are restraining the growth of the advanced driver assistance system (ADAS) market are restraining the growth of the regional market.

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Rapid Technological Advancement Favor Growth of the Market in Forthcoming Years

Many factors play a decisive role in the double-digit growth rate of the global advanced driver assistance system (ADAS) market. Increased requirement for both comfort and safety at the time of driving plays a significant role in the growth of the market over assessment tenure. Apart from that, strict rule and regulations regarding the safety and security of the vehicle are likely to add impetus to the expansion of the global advanced driver assistance system (ADAS) market.

Rapid technological advancement characterizes the production of multifunctional system and advanced driver assistance systems, thereby providing substantial growth opportunities for the market in the foreseeable future. Advanced driver assistance system comes with various benefits like a reduced rate of accidents on the road, which decreases the loss of life and property. Drivers are warned of potential danger by the advanced driver assistance systems. It assists drivers in the maintenance of control over the situation and help in the prevention of accidents and could also diminish the severity of accidents if any.

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On the other hand, complicated structure and high initial cost are likely to impede the growth of the advanced driver assistance system (ADAS) market. Apart from that, lower efficiency in adverse weather conditions is also predicted to hamper the growth of the market.

Commercial Food Refrigeration Equipment Market to Generate a Revenue of ~US$ 55 Bn by 2027

Transparency Market Research delivers key insights on the global commercial food refrigeration equipment market. In terms of revenue, the global commercial food refrigeration equipment market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the commercial food refrigeration equipment market report.

Commercial food refrigeration equipment comprises several equipment such as refrigerators & freezers, display cases, beverage dispensers, ice cream machines, ice machines, and refrigerated vending machines. The refrigerators segment is sub-segmented into walk-in refrigerators & freezers, and reach-in refrigerators & freezers. Reach-in refrigerators & freezers are classified into glass door merchandiser and beverage refrigerators. Freezers are classified into blast freezers and others.

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Equipment Market, Ask for a Customized Report here

In this market report, TMR predicts that, the refrigerators & freezers segment is estimated to outpace other product types by the end of 2027 in the commercial food refrigeration equipment market. Increasing networks of food service equipment in numerous geographies is the primary reason for the growth in demand for commercial food refrigeration equipment across the globe. Increasing awareness among commercial restaurants about food preservation is expected to drive the growth of the commercial food refrigeration equipment market during the period of 2019 to 2027. Over the last decade, prominent countries in Asia Pacific have witnessed tremendous growth in population. All these factors are giving rise to the demand for commercial food refrigeration equipment. Technological developments in commercial refrigeration equipment are expected to boost the demand for the product during the forecast period. In addition, increasing food safety and quality regulations along with the increasing consumption of processed food and beverages is expected to further drive the growth of the commercial food refrigeration equipment market.

However, commercial refrigeration equipment consume high amounts of energy in order to preserve the food, which increases the operation costs for small food processors. Commercial refrigeration equipment is not a viable option for small establishments such as grocery stores and local markets due to budgetary constraints. These factors are expected to hamper the growth of the commercial food refrigeration equipment market over the forecast period.

Commercial Food Refrigeration Equipment Market: Prominent Regions

Asia Pacific is estimated to experience major growth in the commercial food refrigeration equipment market due to its growing food service sector. Also, the growing food distribution network in the region is surging the growth of the commercial food refrigeration equipment market. In developed regions such as North America and Europe, the growing demand for frozen foods plays a significant role in driving the sales of commercial food refrigeration equipment. This scenario has led to tremendous growth in the demand for blast freezers, walk-in refrigerators & freezers, hinged door merchandisers, etc., due to high durability and reliability. The Middle East and South America markets are expected to represent moderate growth in the commercial food refrigeration equipment market in the near future.

Key manufacturers in the commercial food refrigeration equipment market are focusing on gaining a competitive edge in the market by displaying synergies through close cooperation and collaboration in the areas of sales, marketing, and production. Manufacturers in the commercial food refrigeration equipment market are also expanding through organic methods such as increasing production capacity, so as to meet the growing demand.

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Commercial Food Refrigeration Equipment Market: Key Players

Key players operating in the global commercial food refrigeration equipment market include Blue Star Limited, Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, Dover Corporation, Hussmann International, Inc., Illinois Tool Works, Inc., Lennox International, Inc., Metalfrio Solutions SA, and Standex International Corporation.