A Market Place Research – Page 2730

Point of Care Diagnostics Market New Innovations Trends, Research, Global Share and Growth Factor

Point of Care Diagnostics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $43,336 million by 2022, registering a CAGR of 9.4% during the period 2016-2022. Glucose monitoring kit was the leading segment in 2015 and is expected to continue dominance throughout the forecast period. North America would continue its lead, accounting for more than two-fifths share of the global point of care diagnostics market in 2015.

List of Key Players

The key players in the point of care diagnostics industry are highly focused to expand their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. The key players profiled in this report include Abbott Laboratories, Siemens AG, F. Hoffmann-La Roche Ltd., Sinocare Inc., Johnson & Johnson, Sysmex Corporation, Nova Biomedical, Danaher Corporation, Becton Dickinson and Company, bioMrieux SA, and Bio-Rad Laboratories.

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The prescription-based point of care diagnostics holds largest market share in the global point of care diagnostics market because the devices are frequently used in healthcare facilities and prescribed by healthcare professionals. However, OTC-based point of care diagnostics market is estimated to register fastest CAGR of 10.4% during the forecast period owing to increase in awareness about the innovative and advanced applications of at-home point of care diagnostics and introduction of portable and hand-held devices.

The professional diagnostic center segment controlled major share of the point of care diagnostics industry in 2015. This segment is expected to maintain its lead in the overall point of care diagnostics market throughout the analysis period, primarily because of rise in number of healthcare facilities around the world. Moreover, the demand for point of care diagnostic devices and increase inpatient flow has further boosted the market growth. Moreover, the home end user segment is anticipated to exhibit the highest growth, with a CAGR of 9.7% during the forecast period. This is owing to increase in adoption of at-home point of care diagnostics and rapid launch of innovative and advanced portable devices.

North America and Europe together accounted for nearly three-fourths share of point of care diagnostics industry in 2015, and is expected to maintain this lead throughout the forecast period. The growth in the point of care diagnostics market size in these regions is attributed to the increased adoption of advanced point of care diagnostic devices, rise in awareness about innovative and advanced applications of point of care diagnostic devices, and rapidly aging population coupled with increase in incidences of diabetes and liver diseases. However, Asia-Pacific is projected to be the fastest-growing region, registering a CAGR of 12.0% during the analysis period. Japan is the leader in the Asia-Pacific point of care diagnostics market. This is mainly due to the increase in awareness of innovative and advanced applications of POC testing devices.

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𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Flow Cytometry Market New Opportunities, Top Trends, Rising Demand, Emerging Growth, Business Development

The Flow cytometry market is in developing phase. Enhancing precision in the results and the presence of numerous flow cytometry techniques such as multicolor and multi-parameter flow cytometry has acted as a strong foothold, assisting the market growth in the majority of the developed economies and foresees high potential in the emerging economies such as Asia Pacific and Africa. These economies have high demand for better health care techniques at an affordable cost. Increasing agepopulation who needs better healthcare, increase in chronic disease and need for better diagnosis and treatment are few driving factors that are impacting the flow cytometry market state AMR analysts Debbie Shields and Rohini Patil.

List of Key Players

The company profile in this includes: Advanced analytical Technologies, Inc., Merck Millipore, Becton, Dickinson & co, Beckman Coulter, eBioscience, Partech, Life technologies corp., Luminex Corp, Amnis Corp., Morphosys AG. The primary strategy employed by key players of the market is products launch, which is due to demand for newer, faster, and higher through put machines that deliver better results.

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Immunotyping and signal transduction, for example, have been playing a significant role in medical diagnostics. However, conventional technologies used, have limited the accuracy and impacted the result deliverance time of the diagnosis performed. Improving therapeutic scenario is equally attracting focus on early diagnostic tools. Currently, many cancer types have various treatment options; however, this depends on the time of diagnosis and the stage of the cancer. Flow cytometry has been one of the most prevalent technologies which offer solutions for most of the problems discussed above. Key factors restraining the market include high instrument costs and size, lack of awareness among probable users and need for trained personnel. Most of the users are not aware of the advanced development in the flow cytometry technology and believe that the instruments are space consuming, complex in use and are of high cost, thus affecting the market growth.

The global market for flow cytometry is divided into segments such as products, technology, end users, and applications. Instruments market accounts for the largest share of revenue in the flow cytometry market at present and is expected to remain as the highest revenue generator in 2020. Increase in modularity, accessibility, incorporation of imaging capabilities, availability of wavelengths and targets and size reduction are a few of the significant trends in the market assisting in the adoption of the instruments by the end users. On the other hand, reagents market is expected to experience the highest growth rate of CAGR 12% during the analysis period. A Primary reason escalating this segment is availability of several types of reagents that find diverse usability depending on specific applications like diagnostics, drug discovery, etc.

Two technologies are implemented in flow cytometry based research and diagnosis, namely cell based and bead based technologies. In the present scenario as well as throughout the analysis period, cell based technique is leading the market in terms of revenue generation. However, bead based technique is expected to beat this technology in terms of adoption rate by 2020.

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𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Windows and Doors Market is expected to reach $354,483.6million by 2030

This research report will give you deep insights about the Windows and Doors Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

The key players profiled in this study :

Anderson Corporation, Atrium Corporation, Horton Automatics, JELD-WEN Inc, Lixil Group Corporation, Marvin Windows and Doors, Inc., MI Windows and Doors, Masco Corporation, Pella Corporation, YKK Corporation.

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The state-of-the-art research on Windows and Doors market, which is a detailed analysis of business space inclusive of the current market trends, competitive background, and size of the market. Encircling one or more parameters among analysis of the product, application potential, and global and regional growth strategies.

Speaking about this research report in particular, it includes:

Five Types of Segmentations (by Product Type, Power, Application, Distribution Channel, Region)[PT1]
Five Major Regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
Market Information For 10 Years (2017 & 2018 – Historic Years, 2019 – Base Year and 2020-2026 Forecast Period)
Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
Industry Landscape Analysis
Analysis of COVID-19 Impact on this market at Global and Regional Level.

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A thoroughgoing evaluation of the market restrains included in the report which represents the difference to drivers of the market and gives scope for strategic insights and developments. The research study has amalgamated the growth analysis of different aspects that enhance the market growth scenario. It constitutes key market drivers, restraints and trends that transform the market in either a positive or negative manner.

We are keen to understand what additional information if included will help you in your business endeavor. We also hold the expertise to customize the reports based on any specific countries/regions, segmentations, companies, etc. of your choice. Hence you can share your specific requirements, if any.

The Table of Content for Windows and Doors Market research study includes:

Introduction
Key Takeaways
Research Methodology
Windows and Doors Market Landscape
Windows and Doors Market – Key Market Dynamics
Windows and Doors Market – Global Market Analysis
Windows and Doors Market – Type
Windows and Doors Market – Type of Product
Windows and Doors Market – Service
Windows and Doors Market Geographical Analysis
Impact of Covid-19 Pandemic on Global Windows and Doors Market
Industry Landscape
Windows and Doors Market, Key Company Profiles
Appendix
List of Tables
List of Figures

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About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Functional Food Market is Flourishing at 6.7% CAGR with Growth Drivers by 2027

According to a new report published by Allied Market Research, titled, “Functional Food Market by Ingredient, Product, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2027,”The global functional food market is expected to reach $267,924.40 million by 2027 at a CAGR of 6.7% from 2021 to 2027.

Functional food is defined as food that have a potentially positive effect on health beyond basic nutrition. They promote optimal health and help to reduce the risk of disease. It has been gaining significant popularity within health and wellness circles. Rise in disposable income and increase in expenditure on health and health related food products are expected to boost the growth of the global functional food market. Furthermore, growing cardiovascular diseases, obesity and obesity linked diseases are expected to drive the functional food industry during the forecast period.

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According the functional food market trends, the functional food market is segmented into ingredient, product, application and region. By ingredient, it is categorized into probiotics, minerals, proteins & amino acids, prebiotics & dietary fibers, vitamins and others. Depending on product, it is fragmented into bakery & cereals, dairy products, meat, fish & eggs, soy products, fats & oils and others. On the basis of application, it is differentiated into sports nutrition, weight management, clinical nutrition, cardio health, others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of ingredient, the vitamins segment was valued at $25,733.00 million in 2019, and is projected to reach $41,625.30 million by 2027, registering a CAGR of 7.7% from 2021 to 2027. This is majorly attributed to benefits associated with vitamin rich functional food such as improved vision, healthy skin, helps to improve blood circulation and boost their immune system of the body. Furthermore, some people need vitamin supplements because they have particular medical conditions that can lead to deficiencies and functional food provides essential vitamins and nutrients in order to fulfill that particular vitamin deficiencies. Regular meal or casual food is not that much proficient to provide essential vitamin so functional food taken as additional food to have a healthy body.

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According the functional food market analysis, on the basis of product, the soy products segment was valued at $17,306.40 million in 2019, and is expected to reach $30,539.40 million by 2027, registering a CAGR of 8.8% from 2021 to 2027. In recent years, soy products have gained significant popularity among the people owing to health and medicinal benefits. As soy is high in fiber, protein, cholesterol free and phytoestrogens. Furthermore, soy products are a good source of omega-3 fatty acids and antioxidants. Thus, growing applications of the soy products in sport nutrition and weight management is further bolster the functional food market growth during forecast period.

On the basis of application, the cardio health segment is estimated to reach $94,936.70 million by 2027, at a CAGR of 7.1%. Growing urbanization, high consumption of fast food or unhealthy food, and hectic schedule leads to increase in chronic diseases and cardiovascular diseases. Cardiovascular disease (CVD) is now the leading cause of death globally and is a growing health concern. Functional food is rich sources of vitamins, proteins, carbohydrates and essential fats, which has consistently been shown to reduce risk of cardiovascular diseases. This is why growing concerns about the cardio health is expected to boost the demand for functional food through cardio health application.

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Region wise, Asia-Pacific dominated the functional food market in 2019, and is projected to sustain its dominance throughout the functional food market forecast period. This is majorly attributed growing urbanization, growing health conscious population and spending capacity are majorly driving the growth of the product market in developing countries of Asia-Pacific region including China, and India. Furthermore, increasing old age population and increasing obese population has been significantly contributing for the growth of product market in Asia Pacific region. As weight management and clinical nutrition are the growing applications of the functional food owing to significant and proportional sources of vitamins, proteins and fatty acids which helps to improve the health of human body.

The players operating in the product market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Danone, Glanbia PLC, Hearthside Food Solutions LLC, Mars, Incorporated, Meiji Co., Ltd., Nestlé S.A., Raisio Plc, Royal frieslandcampina N.V, Sanitarium Health Food Company and The Kraft Heinz Company.

Key findings of the study

The functional food market size was valued at $177,770.00 million in 2019, and is estimated to reach $267,924.40 million by 2027, growing at a CAGR of 6.7% during the forecast period.
By ingredient, the vitamin segment is estimated to witness the fastest growth, registering a CAGR of 7.7% during the forecast period.
In 2019, depending on application, the sport nutrition segment was valued at $ 48,623.90 million, accounting for 27.4% of the global functional Food market share.
In 2019, the Japan was the most prominent market in Asia Pacific market, and is projected to reach $64,983.70 million by 2027, growing at a CAGR of 6.2% during the forecast period.

About Allied Market Research:

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Die Casting Machines Market is projected to reach $4,978.7 million by 2026 | Allied Market Research

Die Casting Machines Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally the marketing, feasibility of new investment projects are assessed and overall research conclusions offered.

The key players profiled in this study : Agrati – AEE Srl, Bühler AG, Dynacast, Idra srl, Italpresse Gauss, Oskar Frech GmbH + Co. KG, Toshiba Machine Co., Ltd, Toyo Machinery & Metal Co.,Ltd., UBE, Zitai Precision Machinery Co., Ltd.

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The state-of-the-art research on Die Casting Machines market, which is a detailed analysis of business space inclusive of the current market trends, competitive background, and size of the market. Encircling one or more parameters among analysis of the product, application potential, and global and regional growth strategies.

Speaking about this research report in particular, it includes:

Five Types of Segmentations (by Product Type, Power, Application, Distribution Channel, Region)[PT1]
Five Major Regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
Market Information For 10 Years (2017 & 2018 – Historic Years, 2019 – Base Year and 2020-2026 Forecast Period)
Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
Industry Landscape Analysis
Analysis of COVID-19 Impact on this market at Global and Regional Level.

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The Table of Content for Die Casting Machines Market research study includes:

Introduction
Key Takeaways
Research Methodology
Die Casting Machines Market Landscape
Die Casting Machines Market – Key Market Dynamics
Die Casting Machines Market – Global Market Analysis
Die Casting Machines Market – Type
Die Casting Machines Market – Type of Product
Die Casting Machines Market – Service
Die Casting Machines Market Geographical Analysis
Impact of Covid-19 Pandemic on Global Die Casting Machines Market
Industry Landscape
Die Casting Machines Market, Key Company Profiles
Appendix
List of Tables
List of Figures

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About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Electronic Toll Collection Market Business To Boost $15,648.2 Million by 2025

The global electronic toll collection market is expected to witness a steady growth due to increase in demand for effective traffic management at toll collection centers and reduced environmental pollution due to less congestion at toll plazas. The market is expected to witness considerable growth, especially in the emerging economies, owing to enhanced cashless facilities provided by ETC and rise in global awareness about the menace of vehicle pollution.

Major players operating in the global electronic toll collection market include Kapsch Group, Thales group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH.

According to a recent report published by Allied Market Research, titled, Electronic Toll Collection Market by Subsystem, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global electronic toll collection market was valued at $6,855.5 million in 2017, and is projected to reach at $15,648.2 million by 2025, growing at a CAGR of 10.7% from 2018 to 2025.

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Electronic toll collection (ETC) system is a high-end technology, which facilitates collection of fees at highways. It automatically charges vehicles without requiring them to stop at the tolls. In addition, it aids in efficiently managing the traffic in highly congested areas, and facilitates the toll collection process by using the latest technological solutions such as GPS & GNSS toll collection and tracking solutions.

Asia-Pacific is expected to be a dominant player in the global electronic toll collection market, due to increase in demand for vehicles among citizens and rise in use of IoT in the automobile segment. Moreover, technological advancements in the automotive industry and government initiatives such as investment in R&D in electronic toll collection propel the growth of the market. For instance, on October 30, 2017, BMW Japan Corp. began installing DSRC ETC units as standard on all models sold in the country, including motorbikes. Japan witnesses highest penetration of ETC devices across the world, with almost 60 million active units. Unlike other DSRC domains in Europe, Asia, or South America, all units are embedded into the dashboard and come with a separate receiver to ensure line of sight with the gantry.

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Based on subsystem, the radio-frequency identification (RFID) segment dominated the market in 2017, owing to its high adoption rate globally.

Key Findings of the Electronic Toll Collection Market:
In 2017, the RFID segment generated the highest revenue in the global electronic toll collection market.
In 2017, automated vehicle classification generated the highest revenue among the other subsystem types.
Based on application, highways dominated the market worldwide in 2017.

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Advanced Driver Assistance Systems (ADAS) Market to Boom $ 189,142.9 Million by 2026

ADAS market based on system type, the Adaptive front-lighting system segment dominated the global Advanced driver assistance systems (ADAS) market in 2018, in terms of revenue. In addition, based on sensor type, the Radar sensor segment is leading the market during the ADAS market forecast. At present, Europe is the highest revenue contributor, followed by North America, Asia-Pacific, and LAMEA.

According to a recent report published by Allied Market Research, titled, “Advanced Driver Assistance Systems Market by System Type, Sensor Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global ADAS market was valued at $39,638.4 million in 2018, and is projected to reach $189,142.9 million by 2026, registering a CAGR of 21.4% from 2019 to 2026.

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Europe dominates the ADAS industry, followed by North America, Asia-Pacific, and LAMEA. U.S. dominated the North America Advanced driver assistance systems (ADAS) market share in 2018, whereas Mexico is expected to grow at a significant rate in the North America during the forecast period.

Advanced driver assistance systems are designed and used to automate and enhance vehicle system for better driving. The safety features in Advanced driver assistance systems are designed to avoid accidents and collision by providing technologies that alert the driver of potential dangers or avoid accidents and collision activating safeguards or taking control of the vehicle. The adaptive services may include and provide adaptive cruise control, control automated dimming of lights, automated braking, incorporate traffic warnings, alert drivers of other cars & traffics, and others. Many forms of these systems are available in the advanced driver assistance systems market out of which some are built in or are available as an add-on package for the late model cars.

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Advanced driver assistance systems help the driver and provide them a safe and relaxed drive, which in turn is boosting the growth of ADAS market. The electronic components in the ADAS acts as the copilots, providing a safe, comfortable, and stress-free drive. Majority of the ADAS features are dependent on the wide screen cameras, which are mounted in the vehicle and act as the eye for the driver. Accurate and effective calibration of camera system is essential to ensure the working of safety features as intended. Whenever the camera system is replaced or subjected to anything that might change the camera alignment, it is important to recalibrate the system in accordance with the guidelines of the manufacturer.

The Advanced driver assistance systems consist of various systems such as automatic emergency braking (AEB), adaptive cruise control, parking assist, and others. Automatic emergency braking use camera and sensors at the front of the vehicle in bumper, windshield, and others to look for other vehicle, animals, or pedestrians. If vehicle detects that it is about to hit something at lower speed, the automatic emergency braking stops the vehicle to avoid collision. Another commonly used system in ADAS is adaptive cruise control system, which uses the same cameras and sensors in the front to keep the vehicle on track on highway and maintain safe distance from the vehicle in front. The Insurance Institute for Highway Safety (IIHS), National Highway Traffic Safety Administration (NHTSA), and 20 other automakers announced that Automatic Emergency Braking (AEB) will be included in all the new passenger vehicles by 2022.

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Various communication network systems such as vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), and others, which are jointly known as V2X systems. These V2X systems use dedicated short-range communication systems to send safety related messages about the brake status, vehicle speed, vehicle size, and others to another vehicle and vice versa. Such long-distance communication devices and ability of the vehicle to see around the corners perceive some dangers sooner than sensors, and cameras and warn the drivers accordingly.

Factors such as high demand for safety features and increased requirement of comfort while driving drive the ADAS market growth. In addition, stringent safety rules and regulations is anticipated to propel the advanced driver assistance systems market growth. However, high initial cost and complex structure and lower efficiency in bad weather conditions hinder the growth of ADAS market. Furthermore, technological Advancements and production of multifunctional system is anticipated to provide a remarkable growth opportunity for the players operating in the advanced driver assistance systems market. All the factors mentioned above have significant impact on the ADAS market size during the forecast period.

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Key Findings of the Advanced Driver Assistance Systems Market :

Based on system type, the Tire pressure monitoring system (TPMS) segment is expected to grow at a lucrative growth rate.
Based on sensor type, the Infrared (IR) sensor segment is anticipated to exhibit lucrative growth rate.
Based on region, Europe is the highest contributor in terms of revenue in year 2018.
Based on region, LAMES is anticipated to grow at a remarkable growth during the forecast period.

Key players including Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH), Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, Texas Instruments, Delphi Automotive Company, Hyundai Mobis, Takata Corporation, ZF Friedrichshafen, Aisin Seiki Co., Ltd., Mobileye N.V, Harman International Industries, NVIDIA Corporation, Hitachi Ltd., Stonkam Co., Ltd., and others hold major ADAS market share.

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Commercial Aircraft Market To Boost Business Worth $209 billion by 2022

Growth in the number of domestic and international air-travel passengers, significant growth in global GDP, technological advancements and tourism sector, are key drivers for growth in commercial aircraft market. Further, innovation in commercial aircraft design, improved features, and eco-friendly approach are catalysts for growth in commercial aircraft with turbofan engine, while wide-body aircraft are expected to experience huge demand from Asia-Pacific markets as they have the capacity to carry large amount of load over long-haul routes.

Global Commercial Aircraft Market is growing at a CAGR of 5.8% and projected to reach $209 billion by 2022, according to a new report published by Allied Market Research. The turbofan engines segment is expected to dominate the market throughout 2016 – 2022. Asia-Pacific would probably continue to lead, as it had accounted for around 40% share of the commercial aircraft market in 2014.

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The market growth is driven by various factors such as – increasing number of air passengers, improvements in commercial aviation network, development of eco-friendly and fuel-efficient aircraft, rise in tourism, and economic development. A large number of initiatives have been undertaken by governments from various countries including India, China, UK, Russia, and Brazil to improve the aviation network infrastructure such as, flexible regulations for the development of commercial aircraft, lowering the taxes, and investments in R&D. However, congestion & delay in air traffic, lack of security, and threat of terrorism tend to hinder the growth in commercial aircraft market worldwide.

In 2014, commercial aircraft with turbofan engine segment accounted for about 59% of the total market. It is expected to dictate the analysis period with a CAGR of 5.9%, owing to its eco-friendly and low-noise design. Geographically, Asia-Pacific market dominated the global commercial aircraft market in 2014. It is expected to continue its dominance with a CAGR of 6.4% due to an increase in the number of air passengers, significant growth in GDP of prominent countries in Asia-Pacific, supportive government initiatives, and a possible increase in demand for wide-body aircraft.

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However, the maximum share in the revenue generation came from narrow-body commercial aircraft segment in 2014. While the wide-body commercial aircraft segment is anticipated to grow at a CAGR of 6.2%, the narrow-body commercial aircraft segment accounted for around 50% of total market in 2014, due to its short-haul transport and cost-saving design.

Among the verticals, government sector generated the maximum revenue in the commercial aircraft market- around 56% of total revenue in 2014; and is expected to dominate the market with a CAGR of 5.1%. However, private sector may grow at a faster CAGR of 6.6% by 2022 due to lower fuel prices, increasing number of air passengers for domestic as well as international air travel, and privatization of airports.

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Key findings of the Commercial Aircraft Market:
In 2014, commercial aircraft with turbofan engines led the overall commercial aircraft market revenue, and is projected to grow at a CAGR of 5.9% during the forecast period.
Wide-body commercial aircraft segment is anticipated to grow at a CAGR of 6.2%, because of its ability to carry large amount of load for long-haul routes and possibility of an increase in demand for wide-body aircraft from the Asia-Pacific.
Government vertical generated the maximum revenue in commercial aircraft market in 2014.
Middle East accounted for about 44% share of the LAMEA commercial aircraft market in 2014.

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Ride-Hailing Service Market To Boost Business Worth $126,521 Million by 2025

According to a recent report published by Allied Market Research, titled, “Ride-Hailing Service Market by Service Type, Vehicle Type, Location, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025″, The global ride-hailing service market was valued at $36,450.0 million in 2017, and is projected to reach $126,521.2 million by 2025, registering a CAGR of 16.5% from 2018 to 2025.

At present, North America dominates the market, followed by Asia-Pacific. In 2017, the U.S. led the North American market, while in Asia-Pacific, China currently dominates the market.

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The growth of the global ride-hailing service market is driven by rise in trend of on-demand transportation services, increase in employment opportunities, and lower rate of car ownership among millennials. In addition, advancements in connected & automatic vehicles to reduce CO2 emission and further increase in the sales of these vehicles for the use of ride-hailing services propel the growth of the global market.

However, low rate of internet penetration in developing regions and the implementation of stringent government policies toward unnecessary hike in service pricing are some of the major restraining factors of this market. Conversely, rise in trend of mobility-as-a-service and increase in users for ride sharing across the globe are anticipated to provide growth opportunities for this market.

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In 2017, the e-hailing segment dominated the global ride hailing service market in terms of revenue, in the service type category. However, the three-wheeler segment is expected to grow at the highest CAGR during the forecast period. Based on location, the urban segment is anticipated to dominate the market throughout the forecast period. The ride-hailing service market signifies a promising future for the technological industry. The current business scenario has witnessed an increase in the adoption of this technology, particularly in developing regions. Moreover, key companies have been adopting innovative techniques to provide customers with advanced and innovated product offerings.

Key Finding of the Ride-Hailing Service Market:

Based on service type, the e-hailing segment dominated the global ride-hailing service market in year 2017.
North America held the major market share in 2017.
As per vehicle type, the four-wheeler vehicle segment dominated the global ride-hailing service market in 2017. However, the others including van & buses vehicle segment are expected to grow at the highest CAGR as compared with four wheeler segment during the forecast period.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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United States Golf Cart Market To Boost Business Worth $1,627.6 Million by 2026

The key players profiled in the America golf cart market share include Club Car (Ingersoll-Rand plc,), Garia, Hitachi Chemical Co., Ltd., Star EV (JH Global Services, Inc.), Columbia Vehicle Group Inc., Evolution Electric Vehicle (HDK electric vehicles), GEM (Polaris Industries Inc.), EZ-GO (Textron Inc.), ICON Electric Vehicles, Yamaha Golf-Car Company, Smart Cart Electric Vehicles, and Bintelli Electric Vehicles.

United States golf cart market based on passenger capacity, the four passengers segment dominated the America golf cart market size in 2018, in terms of revenue. However, the eight and more passengers segment is expected to grow at a higher CAGR during the forecast period (2019–2026).

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According to a recent report published by Allied Market Research, titled,”America Golf Cart Market by Passenger Capacity, Type, Fuel Type, Application, And Capacity: Opportunity Analysis and Industry Forecast, 2019-2026,”the America golf cart market size was valued at $1,191.0 million in 2018, and is projected to reach at $1,627.6 million by 2026, growing at a CAGR of 3.9% from 2019 to 2026.

At present, the U.S. dominates the America golf cart market followed by Canada, Mexico, Argentina, and others. However, Brazil is expected to grow at highest CAGR within the America golf cart market.

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Automobile companies focus on the production of advanced golf carts that have lower particular emission and are of relatively low cost. The new Solo Rider technology and the adaptive golf cart designed for a single user allows disabled people to access the golf course and the game as well. Innovations such as extreme golf carts and solar power golf carts also boost the growth of the America golf cart industry. One of the most recent developments in the golf cart technology is the Golf Board, a golf cart that is inspired by the skateboard. The Golf Board is driven by front and back gear boxes providing power to all four wheels. The rider controls the vehicle in an upright position as if riding skateboard, leaning right or left to make turns. The Golf Board has been well received by the golfing community as it speeds up the game and according to the manufacturers has up to 75% less impact on turf than traditional golf carts. Such advancements for golf cart are expected to create numerous opportunities for the key players for America golf cart market growth.

There is a decrease in price of fuel cells with the advancement in technology and better operations. The price of batteries has decreased by 80% in the last 6 years. This is the favorable condition for increasing the sales of the golf carts which are powered by electricity. Further, while considering the onboard storage of energy, hydrogen has an edge over the Lithium-ion battery as it is stored in a high-pressure below the vehicle which offers increased mileage. Also, 1 kg of hydrogen cell is capable of storing 236 times more energy when compared with the Li-on battery. Therefore, it is an opportunity for the automobile industry followed by America golf cart market. This creates ample opportunities for the key players operating in the America golf cart market.

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Key Findings of The America Golf Cart Market:

Based on type, the open type generated the highest revenue in the America golf cart market analysis in 2018.
Brazil is anticipated to exhibit the highest CAGR during the forecast period while considering market growth.
In year 2018, the electric fuel type led the America golf cart market trends.

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