Microelectromechanical Systems (MEMS) Market Growth Opportunity, Status and Forecast Analysis Report till 2024

March 26, 2021: The global Microelectromechanical Systems (MEMS) Market is expected to grow at a dynamic rate for the forecast period owing to growing applications in many sectors such as automotive, aerospace, consumer electronics, defence and healthcare. Healthcare and consumer electronics are main driver of this industry. Microelectromechanical Systems (MEMS) consists of many Nano electro mechanical components embedded in semiconductor chips. It is made of micro circuits which consists of different sensors which are embedded and other components are placed upon. MEMS devices have application in various fields due to their higher efficiency rates and low costs.

In various devices this technology is used as Sensor fusion. Sensor fusion is software that enables fusing of data from several different sensors to compute something which can’t be determined by single sensor alone. It enables motion tracking, context awareness and augmented reality. The solution enhances customer experience with portable devices. MEMS technology is used in mobile phone as sensors and micro phones. In healthcare industry it is used in hearing aid devices, pedometer and lab on chips devices. In automotive industry it is used in Crash sensing device, vehicle dynamic control, rollover detection and antitheft system.

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MEMS devices are gyroscopes, acceleration sensors, ink jet heads, pressure sensors, radio frequency MEMS, silicon microphones and micro bolometers. Major application areas include consumer, space/military, automotive, medicine and telecommunication. A huge completion amongst the competitor is forcing them to reduce the prices, which is hampering the profit of the industry. Revenue from the market is less due to its competitive nature and is affecting the growth of the industry. Industry wise it can be segmented it is segmented as automotive, aerospace, consumer electronics, defence and healthcare. Automotive industry uses the mems technology extensively. Passenger cars or commercial vehicles needs sensitive sensors and mems technology is cheaper, reliable and effective. Pressure sensors are most widely used in automobile industry. Increase in demand for automotive is a driver in MEMS technology. In Europe and America, the MESM technology based sensor is expected to grow.

Consumer’s electronics segment also uses MEMS technology. A washing machine or a mobile device uses various sensors which are supported by MEMS technology. This technology has a huge application in harvesting renewable energy. In solar energy harvesting this technology is used to absorb energy and convert it in usable form. Hence MEMS has a huge potential market. Market of MEMS is divided into Oscillators Pressure Sensors, Accelerometers, Microphones, Gyroscopes, and Radio Frequency MEMS. Microelectromechanical Systems market is segmented on 5 regions North America, Europe, Asia-Pacific, Latin America and MEA.

North America regional market includes the U.S. and Canada. Europe regional market includes European Union, CIS and other non-member states. Asia Pacific regional market includes Japan, China, India, Taiwan, Korea, and Australia. Latin America mainly includes Brazil, Mexico, and other South American countries. MEA comprises Middle East and African countries. North America is the largest market for MEMS but Asia Pacific region is expected to grow at a tremendous rate. North America is the largest market for MEMS used in medical devices. Asia pacific has observed an increment in the medical requirement assistance hence it is a potential market expected to have a drastic growth rate in near future.

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Key players in Micro-electro-mechanical system industry are include Robert Bosch, Texas Instruments, Knowles electronics, InvenSense, AKM, Honeywell, Canon, Panasonics, Hewlett Packard, Denso, Avago Technologies, Seneata, Analog Devices Inc., Lexmark, Autoliv, Inc., Aptina Imaging Corporation, CASCO, Bourns, Inc., Corrsys-Datron Sensorsysteme GmbH, Continental AG, Custom Sensors & Technologies, CTS Corporation, Inc., Kavlico Corporation, BEI Sensors, Denso Corporation, Delphi Corporation, Freescale Semiconductor Inc.,, ELESYS North America, Inc., Hamamatsu Photonics KK, General Electric Company, Hella KGaA Hueck & Co., Hamlin Electronics, Infineon Technologies AG., Kistler Group, Melexis Microelectronic Integrated Systems, Hitachi Automotive Systems, Micralyne, Inc., NXP Semiconductors N.V., NGK Spark Plugs USA, Inc., Inc., Omron Corporation, Novotechnik U.S., OSRAM Opto Semiconductors , Sensata Technologies, SSI Technologies, Inc., Valeo S.A, TRW Automotive Holdings Corp. and TT electronics plc. InvenSence Inc. technology has developed fabrication platform which enables integration of standard MEMS with CMOS in a small and cost effective water level solution.

The latest technology development in MEMS is the INS380SA, is a complete inertial navigation system consists of built-in 48-channel GPS receiver. Smart Sensing technology enables a turnkey system with better than 0.01 m/s velocity measurement accuracy. The integrated 3-axis magnetometer allows for accurate operation when the GPS signal is lost or when the vehicle comes to a stop. Car-Ele Japan is a new technology launched by Bosch in 2016. It is a MEMS sensor used in light electric vehicles such as e-Scooters and e-Bikes.

Market Segment:

Application Outlook (Revenue, USD Million; 2014 – 2024)

• Automotive

• Consumer Electronics

• Industrial

• Healthcare

• Others

Regional Outlook (Revenue, USD Million; 2014 – 2024)

• North America

• U.S.

• Canada

• Europe

• UK

• Germany

• Asia Pacific

• China

• Japan

• India

• Latin America

• Brazil

• Mexico

• Middle East & Africa (MEA)

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Connected Agriculture Market Status, Share And Growth Factors Impact Analysis to 2025

March 24, 2021: Internet of things (IoT) has eased matters by coping with supply chain and productivity cycle to assuage excessive food production in compliance with market demands. Segmentation of connected agriculture market by component comprises solution, services, and platform. Segmentation by solution includes network management, agriculture asset management, SCADA systems for agriculture, logistics and supply chain management, smart water management system, and others. Connected agriculture market by Network management includes remote monitoring, network bandwidth management, analytics and network, and application security.

Agri products and agri farming are in a development phase; thanks to county’s nation building exercise including government initiatives and spending in innovative farming techniques, procuring state-of -the art tools to indigenous farming methods. The factors assisting farming are a major expansion drive include fulfilling needs of increasing global population for food, seasonal climatic changes and asymmetry in weather forecast, and efficient water management to quell water wastage.

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By platform, the segregation continues to device management, application enablement, and connectivity management. By application, it comprises farm planning and management and agriculture finance. Farm planning is later subject to field monitoring and management, weather forecasting, production planning and maintenance, and supply chain management. Fled monitoring and management comprises livestock management and equipment monitoring and maintenance. By agricultural finance, the connected agriculture market is divided into mobile payment system, micro-insurance system, micro-lending platforms, mobile information systems, and others. By region, the market belongs to North America, Europe, Asia Pacific, MEA, and Latin America.

Smart water management systems are expected to grow at the highest CAGR in forecast period due to crop harvest requiring adequate supply of water; thereby making amends in water wastage, innovation in farming techniques, deployment of sensors, irrigation techniques – all depending on type of crop with water being channelized preventing water wastage reaping a rich haul of crops. Key target audience comprises connected agriculture software vendors, automation and control system providers, environment and regulatory authorities, system integrators, connectivity providers, managed service providers, cloud service providers, telecommunication service providers, agriculture associations, and agriculture automation providers.

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A news article dated Nov 2016 gives key insights to the role of mobile communication including voice and data networks. Connected agriculture enables financial solutions and segments a chain among food grain buyers, sellers, traders and giving off-the-cuff weather reports, incisive farming methods via internet. Mobiles have eased themselves into real time transactions involving agricultural tendering, agricultural bartering and agricultural trading. Key industry players include Trimble navigation Ltd, Link labs LLC, Vodafone PLC, Accenture PLC, IBM Corporation, SAP SE, and PTC Inc.

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Fuel Injection Systems Market Driving Factors, Size and Forecast Analysis Report till 2022

March 22, 2021: The global fuel injection systems market experienced a remarkable growth in the past few years as a result of increasing environmental regulations and concerns relating to carbon emissions. The fuel injection market is anticipated to witness a rapid growth due to consequent requirement for passenger cars, growing population, and better lifestyles. Fuel injections are important constituents in every automotive engine which controls and monitors the quantity of fuel incoming the engine cylinders in accordance with the necessities. The purpose of fuel injection system is to enhance and regulate the air/fuel ratio which comes into the engine of vehicles. The fuel injection system comprises of sensors and electronic components. It should be well regulated to take full advantage of the efficiency and engine power and to diminish consumption of gases.

Gasoline direct injection is an innovative system of injection for gasoline engines and provides enhanced performances and huge reductions in fuel emission and consumption. Fuel injection systems of the cars having gasoline engines are generally secondary and gasoline is being inserted into the inlet port or inlet manifold instead of injecting straight into the combustion chambers. This process helps in ensuring that the fuel is mixed well with the air prior to its entering into the chambers. However, majority of the diesel engines implement the direct injection system. In direct injection, diesel is directly made to enter into the cylinder that is filled with compressed air. Contemporary fuel injection systems along with controlling the movement of fuel, also offer supplementary functions which include pilot, multiple, rate scheduling (shaping) and post injections, which is estimated to contribute fundamentally to the market growth. Several other factors which are expected to be vital for the demand of global fuel injection systems include increased output, reliability and efficiency. The global demand for the market is projected to increase as the fuel injected engines are considerably stress-free to get going, not needing any choke and furthermore saves fuel.

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As the diesel fuel injection systems market has witnessed a growth, the market for passenger cars using diesel has also undergone a significant increase worldwide. Adding to it, since the fuel injection systems of 150cc and less has seen huge developments, it has given great opportunities to the two-wheelers for tapping into the market. Furthermore, additional developments in the global fuel injection systems market is expected to drive the demand for the overall market. However, factors including growing difficulties in service and huge costs of maintenance are anticipated to obstruct the global fuel injection systems market growth. Rise in hydrocarbons which are not burnt might also increase the rates of emission. This is expected to hamper the growth of global fuel injection systems market. Furthermore, continuously fluctuating prices of the raw materials is also expected to hamper the growth of Tier I suppliers.

The global fuel injection systems market are used in vehicles such as commercial, buses, two wheelers, passenger and heavy trucks. Passenger car segment witnessed the highest rate of growth due to growing need for personal conveyance and increasing per capita income. On the basis of engine types, the market is segmented into diesel and gasoline, with over all preference given to the gasoline technology as a result of environmental concerns and fuel efficiency. Fuel injection systems market has several technologies such as direct injection of diesel, direct injection of gasoline and port injection. Additionally, on the basis of components, fuel injections systems include pressure regulators, injectors, high pressure pumps and ECU.

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The growing passenger cars demand in countries such as Mexico and Canada coupled with greater spending capacity is expected to be responsible for the economic growth of the North American market. Owing to the existence of multinational automotive OEMs in various countries across Europe such as Italy, Spain, Germany and UK have also witnessed increased demand in fuel injection systems market. Countries in Asia Pacific such as India, Australia, Japan and China have also experienced huge improvements in fuel injection systems increasing the demand of the global market. Key industry players in the global fuel injection systems markets have undertaken steps such as mergers & acquisitions to support their market position. Prominent fuel injection systems market players include Delphi Automotive PLC, Continental AG, Denso Corporation, Keihien Corporation, Hitachi Limited, Ucal Fuel Systems Ltd., Magneti Marelli S.p.A., Robert Bosch GmbH and Mikuni Corporation.

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Free Fall Sensor Market In-deep Analysis And Experts Review Report till 2025

March 19, 2021: As we all are aware, what happens in a free fall, the particular object is free of any force or control, and it falls freely. Free fall sensor market size on the basis of product spans Automatic fall detection and Manual fall detection. The procedure through which a particular object drops and descends devoid of any impulsion or hold is known as free falling. In the similar way, a free fall sensor is employed to identify the same. The sensor can be incorporated into any instrument to notify and keep a check on the free fall of that object.

It has been noted that healthcare segment occupies the largest share as far as all the applications are concerned. The sensor is also utilized as an important component of free fall detection systems particularly for senior citizens. This particular sensor can be set up in any device that has its application in sensing and identifying their accidental fall.

Moreover, these sensors are also employed in helicopters and aircrafts to trigger and set off the emergency response teams in case of an unexpected drop in elevation. Other than that, it finds its application in elevators too to set the braking systems in motion when a sudden and unforeseen fall takes place. The prominent factor that is playing a major part in raising the market share includes rapidly increasing geriatric population. In Europe and North America, it has been noted that the count of elderly calling for help is rising considerably year by year.

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Most of the healthcare institutes are providing assisted living programs, due to which wearable free fall sensors are becoming highly preferred and chosen among various sectors. The wearable also allows institutes to check the vital statistics of an individual depending upon which appropriate medication is administered. It has been noted that free fall detection systems are now days being employed to trace whether a particular person has fallen down or not.

Furthermore, an automated response system can be deployed in amalgamation with a free fall sensor for best possible results. The only factor that is turning a major hurdle in the market growth is the sky-scraping costs of setting up a free fall detection system. It may prove as a key challenge for the market growth in the future. It is said that they are not yet recognized as a component of the standard system in many of the healthcare institutes. It has been observed that automatic fall detection systems are gaining huge recognition and popularity across the world.

Free fall sensor market size on the basis of sensing application spans Wearable, Non-wearable, and Others. Free fall sensor market size on the basis of end-user spans Home care, senior assisted living, and Others. Free fall sensor market size on the basis of geography spans North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Africa.

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As far as the geography is concerned, North America is currently leading the free fall sensor market and it is considered as one of the prominent regions in the global market for free fall sensor, the reason being considerable investment in the field of technology and increased spending capacity of people in the region.

Other than that, factors like rising geriatric population, rise in the frequency of chronic diseases, and strong penetration of smartphones is likely to contribute in raising the market share of the region. The United States is deemed as the major contributor in the North America market. The key players operating in the free fall sensor market include MariCare Oy, Medical Guardian, MobileHelp, Bay Alarm Company, Koninklijke Philips N.V, LifeWatch, ADT, and Tunstall.

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Agriculture Drones Market

The increasing venture funding rendered to a drone manufacturer is anticipated to drive the market

Agriculture drones is use of drones in farming that helps farmers to monitor crop growth and increase crop production. In 2015, the agriculture drone market was valued at USD 193.4 million globally. Agriculture drones are used for collecting high-quality data and its data processing tools are less expensive and easy to use. The use of advance technologies and its increasing awareness among farmers will propel the growth of market.

The advantages such as efficient water usage, fertilizers and land, better productivity will drive the market of Agriculture drones. The various capabilities such as imaging capabilities, sensors, and better materials will lift the market.

The hybrid agriculture drone is expected to portray the highest growth over the forecast period

The market share of Hybrid drones is expected to be highest by 2022. The drones takes snapshot of different sectors of field that provides crucial and important data regarding crop, soil and yields in order to assist in crop management. Agriculture drones are emerging as a lucrative sector due to its small size, low cost and easy use.

The UAV-based start-ups are booming due to its application in wide areas. The start-ups are focusing on providing hardware and software and services that will cover about 80% of market. The Universities, technical institute and different organizations are organizing various programs to provide guidance for operating UAV’s, which is expected to propel market. Government regulation and lack of trained pilot in some regions may act as barrier to market growth.

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The market, based on products is fragmented into rotary blade, fixed wing and hybrid. The emerging need to carry heavy payloads will help fixed wing UAVs to dominate the industry over forecast period.

The capability of hybrid UAV’s such as covering long distance will help them to grow with a CAGR of 40% from 2016 to 2024. Compared to manned aircraft, the UAV’s are capable to monitor field areas with ease which will have positive impact on market growth.

The crop scouting application is projected to witness a significant growth over the projected period

The Application segment is divided onto Variable rate application, field mapping, crop scouting and others. In 2015, among these, the filed mapping segment dominated the business in terms of revenue. Farmers striving hard to increase productivity of crops by making use of advance technology is expected to drive field mapping Segment.

The drones are capable of spray fertilizers accurately without causing any problem can act as important factor in growth of Crop scouting segment in next seven years. In addition the development of Normalized Difference vegetation Index (NDVI) is expected to help crop scouting to contribute more in market. NVDI makes use of near-infrared sensor that is use to capture data that cannot be captured by human eye.

The Asia Pacific region is expected to witness a significant growth from 2016 to 2024

Asia Pacific agriculture drone industry will have a compelling growth among different regions over the forecast period. The emerging economies in these regions are constantly investing in R&D to make efficient and advanced drones. Different companies are developing economical and efficient UAV’s that has vast applications in farming sector.

The North American region will dominate the agriculture drone industry. The emerging need to increase productivity and trends of implementing UAV’s is anticipated to influence market growth. The need of precision farming has led farmers to use UAV’s in farming.

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DJI Technology and 3D Robotics are the major players in the industry

Acquisitions and providing efficient tools to farmers for better management of operations are key strategies of major players in Industry. DJI technologies, Trimble Navigation ltd, AeroVironment Inc and 3D Robotics are major players that hold large share in drone manufacturing industry.

Market Segment:

Product Outlook (Transaction Revenue, USD Billion, 2014 – 2024)

• Fixed wing

• Rotary blade

• Hybrid

Application Outlook (Transaction Revenue, USD Billion, 2014 – 2024)

• Field mapping

• Variable rate application

• Crop scouting

• Others

Regional Outlook (Transaction Revenue, USD Billion, 2014 – 2024)

• North America

• Europe

• Asia Pacific

• Latin America

• MEA

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Ryan Manuel

Research Support Specialist, USA

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Automated Guided Vehicles (AGV) Market Opportunities, Challenges, Strategies And Forecast till 2025

March 16, 2021: The global Automated Guided Vehicles (AGV) Market is anticipated to reach USD 7.3 billion by 2025, registering at a 16.5% CAGR during the forecast period. The division of automated guided vehicle industry on the source of Type of End Use Business can be divided into Distribution & Wholesale Segment further segmented as Restaurants & Hotels, Conveyance Stores & Retail Chains, Grocery Stores, E-commerce. Manufacturing Segment further segmented as Flesh, Defense, Pharmaceuticals, Electronics, Automobile, FMCG, Plastics, Chemical, Aerospace & Defense and others.

Increasing acceptance of automated guided vehicles (AGVs) through a number of businesses can be credited to the paybacks they propose by means of efficiency, protection, and accurateness. AGVs are prepared with cameras, laser heads, and additional sensors. This assist them in functioning carefully around constructions, machines, and workforces. Although workers are susceptible to doing mistakes that can tip to mishaps and casualties. Automated guided vehicles (AGVs) can support in refining accurateness of workflows, thus decreasing left-over and increasing production.

The division of automated guided vehicle market on the source of Type of Application can be divided into Handling of Raw Materials, Packaging, Trailer Loading and Unloading, Assembly, Warehousing & Logistics [Cross-docking, Distribution, Cold Storage and Transportation]. The subdivision of Warehousing & Logistics produced the maximum income during the past year. The subdivision of assembly is likely to observe a sturdy CAGR during the forecast period.

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The division automated guided vehicles (AGVs) industry on the source of Type of Navigation Technology. The market can be divided into Natural Navigation, Vision Guidance, Laser Guidance, Inductive Guidance, Magnetic Guidance and Others. The subdivision of Laser Guidance created the maximum income during the past year. The subdivision of Vision Guidance is likely to display the maximum CAGR during the forecast period Necessity for well-organized and intellectual direction-finding is subsidizing to the increasing acceptance of automated guided vehicles.

The division of automated guided vehicles market on the source of Type can be divided into Hybrid Vehicles, Pallet Truck, Tow Vehicle, Forklift Truck, Unit Load Carrier and others. The statement shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The subdivision of Unit Load Carrier is expected to develop by the maximum CAGR above the during the forecast period. The subdivision of Forklift Truck is estimated to grow by a remarkable CAGR during the forecast period. The manually operated Forklifts has no in-built safety device. Such kind of forklifts are depend on responses given by their operatives. Somewhat mistakes in these responses can tip to accidents. Automated Guided Forklift vehicles can decrease the possibility of any such occurrences.

The division of automated guided vehicles (AGVs) market on the source of Area. The division is done with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction. The area wise division of the market comprises North America [U.S.A, Canada, Mexico], Europe [France, Germany, U.K.], Asia Pacific [India, Japan, China, South Korea, Australia], South America [Brazil], Middle East & Africa.

By the source of geography, the area of Europe have controlled the global market during the period of past year. It is estimated to preserve its prime position during the forecast period. The market is mainly motivated by growing demand for material handling equipment and speedy acceptance of robotics resolutions by office holders in the manufacturing business.

The business of e-commerce has been increasing significantly in developing markets, similar to India and China. This is instigating a number of e-commerce companies to ponder a venture in these provincial markets. Race in the e-commerce business is increasing therefore the business office holder are trying to distinguish themselves by way of dipping time booked to supply products to the end users. Installing automated guided vehicles (AGVs) in store room can benefit e-commerce companies in mechanizing intralogistics jobs, for example categorization and gathering, in this manner increasing efficiency.

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Particularly in the areas of North America, Europe, Asia Pacific, South America and Middle East & Africa. It concentrates on the topmost companies operating in these areas and the nations. With reference to Trades, Price, Profits and Market stake for respective competitor in these areas.

Some of the important companies operating on international level are Transbotics, Schaefer Systems International, Inc., inVia Robotics, Inc., Elettric80 SpA, EK Automation, Hyster-Yale Group, Inc., See grid Corporation, Dematic Corp., Bastian Solutions, Inc., Swiss log Holding Ltd., System Logistics Spa, Locus Robotics, Fetch Robotics, Inc., KMH Systems, Inc., Koll morgen, Balyo Inc., Toyota Industries Corporation, JBT Corporation, Daifuku Co., Ltd, Egemin Automation Inc.

Market Segment:

Automated Guided Vehicles Type Outlook (Revenue, USD Million, 2014 – 2025)

• Tow Vehicle

• Unit Load Carrier

• Pallet Truck

• Forklift Truck

• Hybrid Vehicles

• Others

Automated Guided Vehicles Navigation Technology Outlook (Revenue, USD Million, 2014 – 2025)

• Laser Guidance

• Magnetic Guidance

• Vision Guidance

• Inductive Guidance

• Natural Navigation

• Others

Automated Guided Vehicles Application Outlook (Revenue, USD Million, 2014 – 2025)

• Logistics and Warehousing

• Transportation

• Distribution

• Cold Storage

• Wholesale & Distribution

• Cross-docking

• Assembly

• Packaging

• Trailer Loading and Unloading

• Raw Material Handling

• Others

Automated Guided Vehicles End-use Industry Outlook (Revenue, USD Million, 2014 – 2025)

• Manufacturing Sector

• Automotive

• Aerospace

• Electronics

• Chemical

• Pharmaceuticals

• Plastics

• Defense

• FMCG

• Tissue

• Others

• Wholesale and Distribution Sector

• E-commerce

• Retail Chains/Conveyance Stores

• Grocery Stores

• Hotels and Restaurants

Automated Guided Vehicles Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• U.K.

• France

• Asia Pacific

• China

• Japan

• India

• Australia

• South Korea

• South America

• Brazil

• Middle East and Africa (MEA)

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Research Support Specialist, USA

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Automotive Air Filter Market Growth Analysis, Opportunities Forecast till 2024

March 16, 2021: The global Automotive Air Filters Market is projected to reach USD 8.62 billion by 2024. Since 1980s the automotive sector of North America is integrated and accounts for 40% of trade in the region. After 2008 – the recession period the automotive industry has grown significantly owing to linearization of trade and investments. The increasing concern of the green house gases emission which has given rise to many climatic changes, environmental and heath related problems has fetched the government of North America to respond and impose stringent environment regulations on original equipment manufacturers for emissions control and fuel economy.

Considering the cabin air filter market, North America is not far behind Europe. Consumers in American market are health cautious which allows other companies also to grow their business. As the number of vehicles in the region increases the duration for filter replacement decreases which proves to be advantageous for market players to cling on to the opportunity.

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Product Insights

Fibrous materials constitute major part of an air filter which is used to remove solid particles like dust, bacteria, pollen from the air that is fed to the engine. A filter which consists of a catalyst or absorbent is chemical filter which removes organic contaminants. A filter consisting of a catalyst or absorbent is used for removing ozone or volatile contaminants. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and in vehicle engines. The cabin automotive air filter is a paper-pleaded filter, which is located in the air intake from outside for the passenger compartment of the vehicle. Some of the automotive air filters are rectangular or similar in shape as that of the combustion air filter, others have a unique shape to fit the available space of outside-air intakes. The very first automaker to provide a disposable air filter in order to clean the ventilation system was Nash Motors. The combustion automotive air filter restricts particulate matter to enter into the engine’s cylinders, where it can cause oil contamination and mechanical wear. Nowadays, fuel injected vehicles are using a paper pleated filter element that is in a flat panel form. These filters are placed in a plastic box connected with a throttle body. Older vehicles using throttle body or carburettors fuel injection system use a cylinder air filter, which are a few inches and are between 6 to 16 inches.

The North American automotive air filter market is expected to reach USD 1.6 billion by 2024. High penetration of automotive sales as well as presence of many OEMs in the region has resulted in higher penetration of air filters. Large number of vehicles plying on road combined with consumer awareness pertaining to the periodic maintenance will probably trigger the market growth over the forecast period.The automotive air filter market is expected to grow at CAGR of 7.8 % during 2013-2018. The expected revenue to be generated is $157.15 billion by 2018.

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Market Segment:

Application Outlook (USD Million, 2014 – 2024)

• Passenger car

• Light and heavy commercial vehicle

• Two wheelers

Product Outlook (USD Million, 2014 – 2024)

• Intake

• Cabin

End-use Outlook (USD Million, 2014 – 2024)

• OEM

• Aftermarket

Regional Outlook (USD Million, 2014 – 2024)

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• France

• Spain

• Asia Pacific

• China

• India

• Japan

• South Korea

• Middle East & Africa

• Central & South America

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Oil and Gas Drill Bit Market Key Players Analysis, Opportunity and Industry Expansion Strategies till 2022

March 15, 2021:The global oil and gas drill bit market was valued at more than USD 4.9 billion in 2014. Increasing global demand for energy is expected to drive the demand for drill bit as exploration and production especially for shale gas are anticipated to rise over the forecast period. Increasing offshore drilling activities in the U.S. and the Middle East is anticipated to augment product demand over the forecast period.

They are cutting tools used to create holes onshore and offshore as well. They are available in various shapes and sizes made of different materials such as diamond, carbide, and tungsten.

As exploration of unconventional sources such as CBM, shale gas has been increasing owing to rapid increase in global energy demand and several initiatives from various governments production from these reserves is expected to rise in the near future, hence driving substantial demand for drill bits.

Various technological developments and product launches such as TerrAdapt adaptive drill bit and hybrid drill bits that combines the characteristics of technologies such as polycrystalline diamond bits (PDC) some of the new products in the market. Application of these new products has been increasing in directional drilling and large diameter drilling operation. Effective selection of drill bit type and in-depth testing of material has proven in cost saving and hence escalated overall profit.

The dip in the oil prices in the last few years has tremendously affected the E&P in oil and gas sector, hence restricting the development of new technologies in the drill bit industry. Growing concern of E&P companies to reduce operating costs along with rising requirement for optimized drilling performance have enforced OEM manufacturers to improvise bit design and performance. Changing customer preference for cost-effective equipment owing to of technological advancements have created opportunities for future development. Also, sustainability of the market depends on the supply of raw materials, product development and majorly on the prices.

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Product Insights:

On the basis of product different types of drill bits are that have been considered include fixed cutter bits and roller cone cutter. Roller cone bits are sub-divided into tungsten carbide bits and milled-tooth bits. Also, the fixed cutter are further divided as polycrystalline diamond bits (PDC) and natural diamond bits. Roller cone bits are more efficient in soft formations as compared to other down-hole tools. Recent developments of sealed bearings are corrosion free and have minimum failure risks.

Milled-tooth cutting is applicable for scraping exploitation in soft formation. While Tungsten Carbide inserts are used for hard-facing and gauge protection from abrasion failure And these inserts have better durability even in extreme hard formation.

PDC bits are leading product segment in the North American market owing to increased efficiency, durability, higher penetration level of more than 3000 meters and drilling operations, despite its higher costs. The demand has been increased in U.S. and Canada owing to their phenomenal properties. This type of bits is significantly being employed in the present scenario as they assist in less operating time in drilling by reducing any shear and tear.

Roller cone drills have largest product segment covering more than 70% of the market share globally in 2014, and is anticipated to cross over net worth of USD 1060 million by 2022. R These bits are used to drill downhole by cutting or fracturing with tooth-shaped elements. Cost effectiveness of the application of these bits is the primary factor anticipated to drive the market in the next eight years. However, they can lose market share as fixed cutters are more effective for encountering hard rock even for deeper wells.

Unlike roller cutters, fixed cutters are made up of hard materials such as natural or synthetic diamonds for grinding and scrapping of rocks by rotary actions. Their demand is expected to grow at a CAGR of more than 5.5% from 2015 to 2022.

Regional Insights:

On regional basis segmentation, North America drill bit dominates the global market with around 35% of global volume in 2014. Tremendous upsurge in shale gas production is expected to be yet another major driving factor in the current low crude oil price scenario.

Large reserves at Canada &Gulf of Mexico of shale gas are expected to witness increasing exploration & production activitieswhich in turn, will boost product demand in these regions. The Asia Pacificregion is estimated to grow firmlyand is projectedto reach the net demand of more than 800 units by 2022. Owing to rapid industrialization and urbanization in emerging countries such as China, India influences the oil producers to increase the supply, this, in turn, steers the growth of the market.

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Competitive Insights:

The global market is highly consolidated with prominent market leaders such as Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Varel International. Increased funds for R&D activities and customized product development for different types of earth formations are some of the current trends among the industry players. Schlumberger offers a wide range of application-specific bits and continuous involvement in innovation it helped the company to dominate globally generating total market revenue of more than 22% in 2014. These companies were accounted for more than 70% market share globally in 2014. The main strategy for these companies includes strategic collaboration with smaller regional companies and increase their market share to sustain the market.

Other prominent leaders in the market includes, Atlas Copco AB, Bellwether Resources International, Bit Brokers International, Century Products, DRILLBITS International (DBI), Drilformance, Drill King International, Drilling Products (DPI), Harvest Tool Company, Hole Products, Kay Rock Bit Company, Master Oil Tool, Nile Petroleum Industrial Company (NPICO), OTS International, PDB Tools and Kingdream Public Limited Company.

Market Segment:

Oil & Gas Drill bit Market Product Outlook (Volume, Hundred Units; Revenue, USD Million, 2012 – 2022)

• Roller-cone bit

• Miller-tooth bit

• Tungsten carbide inserts

• Fixed cutter bit

• Polycrystalline diamond cutters (PDC)

• Natural/synthetic diamond cutter

Oil & Gas Drill bit Market Regional Outlook (Volume, Hundred Units; Revenue, USD Million, 2012 – 2022)

• North America

• Europe

• Asia Pacific

• Rest of the world (RoW)

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Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Microspheres Market Scope And Growth Factors By Prominent Players till 2025

March 15, 2021:The global Microspheres Market was estimated at USD 3.2 billion in 2015 and is anticipated to grow at a CAGR of 10.4% from 2017 to 2025. The growth of market can be attributed to the rising demand for advanced drug delivery systems and drug transportation. In addition, increasing demand from paints and coatings segment on account of advantageous properties such as rising solid content rate and flow maintenance.

Microspheres market is achieving great momentum owing to increasing demand from various application industries such as healthcare and construction. Superior properties and low price of microsphere are one of the key factor driving the market growth. This rise in the penetration of microspheres in healthcare application is credited to growing drug delivery system demand due to its superior properties such as reduced toxicity, improved efficacy, and improved patient compliance.

Economic growth, rise in the total spending, increasing healthcare awareness & needs, increasing population and healthcare sector improvements are the crucial drivers of the industry development. The market is also characterized by constant R&D activities in the polymer market. The constant efforts to make modifications in molecular properties of microspheres are encouraging industry players to invest in the R&D activities on micro and nano materials.

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Type Insights

In terms of revenue, the major share was acquired by hollow spheres in 2015 and is projected to grow at a rate of 10.4% over the years ahead. Hollow microspheres have been dominating the global market in recent past on account of its abilities to save material costs as compared to other resins.

Hollow microspheres are applied as sensitizers in building and construction, extracting and mining uses for water gel explosives and emulsions. This is anticipated to be a key driving factor in the growth of the market. Approximately 40% of the total revenue share was shared by solid type in 2015.

The superior features of solid microspheres such as decreasing water absorption, increasing abrasion and scratch resistance helped to increase its market share of coatings segment. The application and utility of solid type microspheres depends on their size and construction.

Material Insights

Fly ash, glass, metallic, polymer and ceramic are the key raw materials used for the manufacturing of microspheres. The coating applications which require attractive appearance utilizes ceramic microspheres. Their higher crush capability and high hardness are accountable for the improvement in durability in coatings.

The features of glass segment such as its tight tolerances and increasing demand from evolving industries including high-tech equipment & specialty, automotive, life sciences application, biomedical and microscopy have helped to witness healthy growth in the recent past. This will increase the demand of the product over next nine years.

Application Insights

Healthcare segment is expected to be the largest segment on account of the increasing funding in R&D in the drug delivery systems. The construction sector is projected to be the fastest growing industry as a result of the ability of microspheres to impart higher capabilities in construction composites. The development of the construction sector in the evolving economies such as China and India is anticipated to be a critical factor for the market growth.

Robust growth in the overall healthcare industry in developing countries especially Asia Pacific, which consists of China, Thailand, India, Vietnam, Indonesia and Philippines will boost the product demand. Increasing capital investment by key players will further boost the market penetration over the forecast period.

These economies are also expected to experience a stable development in other application areas such as paint & coatings and cosmetics segment. Market participants such as AkzoNobel and 3M Company are funding and conducting innovative research in the area of microspheres to support coatings and healthcare and other end-use industries.

Regional Insights

The major revenue share is captured by North America in global and is anticipated to contribute more than 45% in the near future. Increasing demand for affordable healthcare resources coupled with increasing construction industry mainly in Mexico and the U.S. is anticipated to fuel growth of market. Another major market for microspheres is Europe. It is expected to experience cumulative gains on account of increasing demand from construction segment.

APAC is expected to experience the rapid growth rate on account of healthcare awareness, longer lifespan desires, increase in the purchasing power and the growing occurrence of long-lasting world diseases related with fluctuating lifestyles.

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Competitive Insights

The major players in the market includes 3M, Sigmund Linder, AkzoNobel Expancel, Luminex Corp, Potters Industries LLC, Momentive Performance Materials Inc. and Chase Corp. The market participants are heading in the way of expansion owing to the robust growth in paints and coatings, automotive, construction composites and healthcare industries.

In addition, most of the producers are trying to manage costs and hence backward as well as forward integration will be vital. As a result, integration through the value chain is predicted to be a critical factor in the industry.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 – 2025)

• Hollow

• Solid

Materials Outlook (Revenue, USD Million, 2014 – 2025)

• Glass microspheres

• Polymer microspheres

• Ceramic microspheres

• Fly Ash (Cenospheres) Microspheres

• Metallic Microspheres

Application Outlook (Revenue, USD Million, 2014 – 2025)

• Construction Composites

• Healthcare and Biotechnology

• Paints & Coatings

• Cosmetics & Personal Care

• Oil & Gas

• Automotive

• Others

Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America

• U.S.

• Canada

• Europe

• Germany

• UK

• France

• Asia Pacific

• China

• Japan

• India

• Latin America

• Brazil

• MEA

• Saudi Arabia

• Nigeria

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Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Acoustic Insulation Market to 2025

March 12, 2021: The global acoustic insulation market size is expected to reach a value of USD 16.55 billion by 2025. Rising consumers’ awareness regarding health and noise pollution coupled with the improving standard of living are expected to be the primary factors responsible for the growth in the global acoustic insulation industry. Recent studies and development in science and technology have shown, the ill effects of high levels of noise on human health and work, the study also highlights the significance of sound barriers.

Rising concerns regarding employee comfort levels have propelled the use of noise cancelling materials in corporate offices as well as commercial buildings. The increase in the standard of living of people is most likely to drive the acoustic insulation materials demand in the residential construction segment so as to attain a peaceful environment inside the home.

Government initiatives, as well as regulation for controlling noise pollution, is also a major factor driving the global market. EPA has come up with certain standards to monitor noise produced in transportation and also sound seclusion of the building environment. The countries which form the European Union also regulates the impact, airborne and utilization of noise levels. There are also certain regulations which are imposed to ensure seclusion from external sound.

According to Italian law no. 447 of 2/10/95 both public and private entities will be suspended if found guilty for noise pollution. Many such laws and regulations are passed so as to control the sound produced from Planes, Ships, and automobiles.

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Foamed plastics is used for the insulation as it provides excellent noise barrier in closed space and it can be injected easily in tiny pockets of ceiling and walls. In terms of the rate, it is high-cost material due to which it is expected to encounter a challenge in its industry growth. In terms of revenue formed plastic is projected to dominate the segment over the forecast period.

Moreover, owing to the easy availability and installation of rock wool, it is popular in the acoustic insulation market. Rock wool provides acoustic and thermal padding as well as it is fire resistance. It is low a low-cost material which has relatively higher demand in the developing countries which eventually contributes to the overall growth. Rising demand from the transportation sector is also estimated to propel the material market.

End-Use Insights

Construction and building industry is expected to witness the highest penetration of product and is projected to dominate over the upcoming years. Furthermore, rising demand from the industry can lead to the substantial amount of product required to insulate the buildings.

However, considering the economic slowdown in the Europe and U.S, construction and building segment has witnessed a significant impact which in turn has affected the product market. In the developed region the sector is expected to observe a challenge due to the moderate pace of new structures over the forecast period.

Changing consumer preferences for better NVH levels along with the huge competition between automobile industry has propelled the product demand from the transportation industry. In developing countries, the rapid growth of aviation, as well as automotive industries, is anticipated to boost the acoustic insulation material demand.

Regional Insights

In the year 2015, Asia Pacific accounted for over 40% of the global demand thus being the largest market for the product. Growing building and construction industry, as well as the booming automobile sector in Asia Pacific, is expected to trigger the regional growth over the forecasted period.

Acoustic insulation material has also remarkably penetrated the European markets. The stringent regulations and strict government policies on noise control for industrial equipment, transportation, and building acoustic isolation have contributed for the product’s penetration in the region. One of the restraints in the region can be the slowdown in the construction activities over the forecast period.

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Competitive Insights

Saint-Gobain, Knauf Insulation, Rockwool International A/S, Johns Manville, Owens Corning, Armacell, Paroc, BASF SE, and others are some of the key players in the industry. Companies have adopted strategies such as expanding their product portfolio, increasing their geographical reach and continuous innovations for sustaining in the market. Some of the other approaches used are mergers and acquisitions to increase their market share and also the value chain integration.

Market Segment:

Acoustic Insulation Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

• Glass wool

• Rock wool

• Foamed Plastic

• Others

Acoustic Insulation End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

• Building & Construction

• Residential

• Commercial

• Industrial

• Transportation

• Automotive

• Marine

• Aerospace

Acoustic Insulation Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

• North America

• U.S.

• Europe

• Germany

• UK

• France

• Asia Pacific

• China

• India

• Japan

• Middle East and Africa

• Central & South America

• Brazil

Get in touch

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com