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Quantum photonics involves the scientific investigation and management of light particles, which are referred to as photons, on the quantum scale, where their conduct is controlled by the principles of quantum mechanics. This field focuses on comprehending and exploiting the distinct quantum attributes of photons in order to accomplish a diverse array of practical uses. These uses involve applications in quantum communication, cryptography, computation, and sensing.

Allied Market Research published a report, titled, “Quantum Photonics Market by Offering (Systems, Services), By Application (Quantum Communication, Quantum Computing, Quantum Sensing and Metrology), By Verticals (Banking and Finance, Space and Defense, Healthcare, Transportation and Logistics, Government, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global quantum photonics market was valued at $0.3 billion in 2022, and is projected to reach $5.3 billion by 2032, registering a CAGR of 33.2% from 2023 to 2032.

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Prime determinants of growth 

The quantum photonics market is anticipated to expand significantly during the forecast period owing to an increase in demand for secure communication. In addition, advancements in quantum technologies fuel market growth. Additionally, quantum photonics is anticipated to benefit owing to the increase in demand for secure and high-performance solutions and is expected to present enormous opportunities for the market over the forecast period.

The Systems segment to maintain its leadership status throughout the forecast period.

Based on offering, the system segment held the highest market share in 2022, accounting for nearly three-fifths of the global quantum photonics market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to growing investments in R&D from both private and public sectors support the advancement of quantum photonics systems.

The Quantum Computing segment estimated to maintain its leadership status throughout the forecast period.

Based on application, the quantum computing segment held the highest market share in 2022, accounting for more than one-third of the global quantum photonics market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to manifest the highest CAGR of 33.94% from 2023 to 2032 due to the emergence of quantum cloud services.

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The Banking and Finance segment is projected to maintain its leadership status throughout the forecast period.

Based on verticals, the Banking and Finance segment held the highest market share in 2022, accounting for more than one-fourth of the global quantum photonics market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the increasing threat of cyber-attacks and data breaches in the financial industry, the adoption of quantum key distribution (QKD) is expected to gain momentum. The same segment is projected to manifest the highest CAGR of 35.59% from 2023 to 2032 due to greater emphasis on secure communication. These factors collectively create a strong demand for quantum photonics in the banking and finance sector.

North America to maintain its dominance by 2032.

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global quantum photonics market revenue. Moreover Asia-Pacific region is expected to witness the fastest CAGR of 34.15% from 2023 to 2032, owing to rapid industrialization and increasing investment in quantum technology R&D through government-funded projects which are fueling the growth of the market in this region.

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 Leading Market Players: –

• TOSHIBA CORPORATION
• XANADU
• QUANDELA
• ID QUANTIQUE
• ORCA COMPUTING LIMITED
• PSIQUANTUM
• TUNDRASYSTEMS GLOBAL LTD.
• QUIX QUANTUM BV
• IBM CORPORATION
• MAGIQ TECHNOLOGIES, INC.

The report provides a detailed analysis of these key players of the global quantum photonics market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Global Dram Market by Type, Technology, Application, End User: Global Report opportunity Analysis and Industry Forecast, 2023-2032

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An Artificial Intelligence Sensor is a device or technology that detects or measures a physical or environmental parameter. It can be a camera, a microphone, an accelerometer, a thermometer, a pressure sensor, and many more. These sensors are used to collect real-time information from the environment or the system into which they are integrated. When paired with artificial intelligence (AI) algorithms, these sensors can facilitate intelligent operations such as object detection, speech detection, activity tracking, predictive analytics, and more. Artificial intelligence sensors are capable of collecting data, analyzing it, and making decisions or predictions based on patterns and insights obtained from the data.

Allied Market Research published a report, titled, “Artificial Intelligence Sensor Market by Type (Pressure, Temperature, Optical, Motion), By Technology (NLP, Machine Learning, Computer Vision), By Application (Automotive, Consumer Electronic, Manufacturing, Aerospace, and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global artificial intelligence sensor market was valued at $3.2 billion in 2022 and is projected to reach $103.4 billion by 2032, registering a CAGR of 41.8% from 2023 to 2032.

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Prime Determinants of Growth:

The global artificial intelligence sensor market is experiencing growth due to factors such as the rise in demand for smart consumer devices, growing demand for the Internet of Things (IoT), and an increase in the adoption of AI technologies. On the other hand, high installation and maintenance costs are anticipated to restrain the market growth during the forecast period.

The optical segment to maintain its leadership status throughout the forecast period-

Based on type, the optical sensor segment held the highest market share in 2022, accounting for more than two-fifths of the global artificial intelligence sensor market revenue, and is estimated to maintain its leadership status throughout the forecast period. Owing to the growing adoption of robotics and automation across industries.

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The machine learning segment to maintain its lead position during the forecast period-

Based on technology, the machine learning segment held the highest market share in 2022, accounting for more than two-fifths of the global artificial intelligence sensor market revenue, and is projected to maintain its lead position during the forecast period. The same segment is projected to manifest the highest CAGR of 42.98% from 2023 to 2032.

The consumer electronic segment to rule the roost by 2032-

Based on application, the consumer electronic segment held the highest market share in 2022, accounting for more than two-thirds of the global artificial intelligence sensor market revenue, and is projected to rule the roost by 2032. The same segment would also showcase the fastest CAGR of 42.52% during the forecast period.

North America region to maintain its dominance by 2032-

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global artificial intelligence sensor market, and is likely to maintain its dominance during the forecast period. On the other hand, Asia-Pacific region is expected to witness the fastest CAGR of 43.51% from 2023 to 2032.

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Leading Market Players:

• Robert Bosch GmbH
• Teledyne Technologies Incorporated
• Sensirion Ag
• Sensata Technologies, Inc.
• Memsic Semiconductor Co., Ltd.
• Goertek Inc.
• Hokuriku Electric Industry Co., Ltd.
• Sony Corporation
• Te Connectivity Ltd.
• Stmicroelectronics N.V.

The report provides a detailed analysis of these key players in the global artificial intelligence sensor market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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According to the report published by Allied Market Research, the global crypto asset management market garnered $0.67 billion in 2020, and is expected to garner $9.36 billion by 2030, manifesting a CAGR of 30.2% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, key segments, value chain, regional scenario, top investment pockets, and competitive landscape.

Increase in digitalization in financial organizations and large companies, surge in investments for  cryptocurrency, and simplification of the process for purchasing cryptocurrency fuel the growth of the global crypto asset management market. However, lack of skilled security professionals and high implementation cost restrain the market growth. Contrarily, untapped potential in emerging economies presents new opportunities in the new few years.

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Covid-19 Scenario:

• The COVID-19 pandemic has elevated the adoption of cloud based crypto asset management solutions among banks and fintech institutions to secure their systems and provide customers with scalable, resilient, and agile crypto services.
• Furthermore, cloud based crypto asset management provides individuals and enterprises with improved flexibility as well as cost effective solutions. The demand for crypto asset management is expected to remain constant post pandemic as week.

By deployment model, the on-premise segment contributed to the highest share in 2020, accounting for nearly three-fifths of the total market share, and is expected to maintain its lead during the forecast period. However, the cloud segment is projected to witness the highest CAGR of 33.1% from 2021 to 2030.

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By offering, the wallet management solution segment accounted for the largest market share, contributing to nearly three-foruths of the global crypto asset management market in 2020, and is projected to maintain its leadership status during the forecast period. However, the custodian solutions segment is expected to portray the largest CAGR of 32.7% from 2021 to 2030.

By region, North America held the highest share in 2020, contributing to more than two-fifths of the total market, and is expected to continue its dominance by 2030. However, Asia-Pacific is projected to witness the fastest CAGR of 33.5% during the forecast period. Other provinces studied in the report include LAMEA and Europe.

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Leading players of the global crypto asset management market analyzed in the research include Bakkt, BitGo., Coinbase, Crypto Finance AG, Gemini Trust Company, LLC, ICONOMI Limited, Paxos Trust Company, LLC., Ledger SAS, Metaco, and Xapo Holdings Limited.

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the global crypto asset management market forecast along with the current trends and future estimations to explain the imminent investment pockets.
• Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the crypto asset management industry.
• The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.

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According to the report published by Allied Market Research, the global email marketing software market generated $1.2 billion in 2021, and is projected to reach $3.3 billion by 2031, growing at a CAGR of 10.9% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Surge in need for inexpensive digital advertising and expanding popularity of targeted and personalized marketing are important factors influencing the development of the global email marketing software market. In addition, rise in the utilization of artificial intelligence and digitization has contributed toward the growth of the market.

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COVID-19 Scenario:

• The COVID-19 pandemic had a positive impact on the growth of the global email marketing software market, owing to the increased internet penetration among people during lockdowns.
• Lockdowns were implemented by the governments of various countries so as to limit the spread of the virus, and hence stringent social distancing restrictions were imposed. This enabled people to stay indoors and ultimately resulted in increased internet penetration.
• As a result of this, rapid changes in activities in the firms took place including product launches, advertising, marketing, promotions, and media spending. Thus, the demand for email marketing software surged rapidly.
• Countries such as U.S., UK, Germany, Canada, Russia, China, Japan and India have been active players in increasing the influence of email marketing tools during the pandemic.

The report offers detailed segmentation of the global email marketing software market based on channel, deployment mode, application, end use vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

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Based on channel, the business to business segment held the dominating market share in 2021, holding more than two-thirds of the global email marketing software market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR 11.97% during the forecast period. The report also analyses other segment such as the business to customers.

Based on deployment model, the cloud-based segment held the dominating market share in 2021, holding nearly three-fourths of the global email marketing software market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 12.79% during the forecast period. The report also analyses the on premises segment.

Based on application, the email lead generation segment held the dominating market share in 2021, holding more than one-fourth of the global email marketing software market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 13.17% during the forecast period. The report also analyses other segments such as sales reporting, customer management, template management, reporting and analytics, and others.

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Based on region, the market across North America held the dominating market share in 2021, holding around two-fifths of the global email marketing software market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 13.56% during the forecast period. 

The key players analyzed in the global email marketing software market report include weber Communications, Benchmark Internet Group, Campaign Monitor Pty Ltd., Constant Contact, Inc., ConvertKit LLC, HubSpot, Inc., Intuit Inc. (Mailchimp), Jivox Corporation, Salesforce.com, Inc. and Zoho Corporation.

The report analyzes these key players in the global email marketing software market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market. 

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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tourism industry players focus on five key areas. These include encouraging high-quality tourism experiences, including indigenous tourism, limiting regulatory burden on industry, undertaking marketing campaigns, and working with industry to support the development of tourism infrastructure to drive the demand. quote

According to a new report published by Allied Market Research, titled, “U.S. corporate event market by event type and industry: global opportunity analysis and industry forecast, 2021–2030,” the U.S. corporate event market size is expected to reach $510.9 billion by 2030 at a CAGR of 17.3% from 2021 to 2030.

The U.S. corporate event market generated revenue of $95.3 billion in 2020, and is expected to grow at a CAGR of 17.3% to reach $510.9 billion by 2030. Giant corporate companies organize various events to create strategies, celebrate success, or make new international standards. Their event managers either arrange for an event by themselves or prefer external services. Events organized by corporate companies include trade shows, grand ceremonies, team-building activities, induction programs, and annual function.

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Trade shows are a crucial part of marketing strategies, as they allow brands to present their products, target customers, and find new business partners. In the recent years, there has been continuous increase in the popularity of trade shows, hence, they are mostly organized on huge venues. Furthermore, grand ceremonies include conferences and corporate galas. In team-building events, the major aim is to build a strong relationship and trust among the team members. Furthermore, induction programs are held in the beginning of the month—the most common start date for newly hired employees.

Therefore, the corporate sector offers various opportunities for the event management companies to organize events, contributing to huge revenue generation, which, in turn, augments the growth of the U.S. corporate event industry. The growth of the corporate events industry is majorly driven by upsurge in frequency of corporate meetings, conferences, tradeshows/exhibitions, and other events. Furthermore, the deployment of best-in-class technology that can handle the entire event propels the industry growth.

Some industry sectors such as hotel and transportation industries are directly involved in the corporate event market. These industries may benefit from the corporate event business by offering their services and facilities to the planners and attendees of corporate events. Hotels are the key suppliers, and serve as the major beneficiaries. The development of the travel & tourism industry plays a significant role in the growth of the corporate event market. The factors that further promote the growth of the U.S. market include changes in lifestyle, rise in promotion of tourism, and increase in accessibility of transport facilities. The current trend of online booking option for transportation & accommodation service has increased the convenience of the business travelers, which is anticipated to significantly contribute toward the growth of the corporate event market.

By event type, the market is segmented into conference/seminar, trade shows/exhibition, incentive programs, company meetings, and others. The company meetings segment is estimated to exhibit the highest CAGR of 18.9% in the U.S. corporate event market during the forecast period. This is attributed to the development of the travel & tourism industry, surge in international business travels, and expansion of the information technology sector.

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By industry, the market is segregated into banking & finance sector, information technology, real estate & infrastructure, automotive, insurance, and others. The information technology segment held the major share of 33.3% in the U.S. corporate event market in 2020, owing to the fact that many IT companies such as Apple, Oracle, Dell, Amazon, Facebook, IBM, Qualcomm, and Microsoft are headquartered in the U.S, which is the largest tech market across the globe, which contributes 32% of the total share in the technology market for 2020.

Thus, all these factors indirectly impact the growth of the U.S. corporate event market during the forecast period. State wise, New York accounted for a significant market share in 2020. The priorities of attendees attending corporate event in New York is networking (82%), learning (71%), and entertainment (38%).

Tourism is one the growing sectors, which is expected to drive the future prosperity of New York. According to a report published by the Tourism New York, the state welcomed a record of 67 million visitors in 2019, which has directly impacted the economy of the state.

Players operating in the U.S. corporate event market have adopted various developmental strategies to expand their market share, exploit the U.S. corporate event market opportunities, and increase profitability in the market. The key players profiled in this report include 360 Destination Group, Access Destination Services, BCD Travel Services B.V., BI Worldwide, CWT, Cievents, Creative Group, Inc., ITA Group, Maritz Holdings, Inc., and Reed Exhibitions Ltd.

Key findings of the study

The U.S. corporate event market was valued at $95.3 billion in 2020, and is estimated to reach $510.9 billion by 2030, growing at a CAGR of 17.3% during the forecast period.
By event type, the automotive segment is estimated to witness the fastest growth, registering a CAGR of 18.8% during the forecast period.
In 2020, depending on the industry, the information technology segment was valued at $31.8 billion, accounting for 33.3% of the U.S. corporate event market share.
In 2020, the New York was the most prominent market in U.S., and is projected to reach $77.1 billion by 2030, growing at a CAGR of 16.7% during the forecast period.

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According to a new report published by Allied Market Research, titled, “Lab Grown Diamonds Market by Manufacturing Method, Size, Nature, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global lab grown diamonds market size was valued at $19.3 billion in 2020, and is projected reach $49.9 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030.

Diamonds are heavily used in the industrial sector and mechanical engineering operations in tools such as saws, drills, polishers, and cutters. Diamond tipped drill bits and diamond coated saw blades makes cutting and drilling operations faster and easier. Different grits of powdered diamonds are also used as industrial abrasives. Lab grown diamonds with added boron have semiconductor like properties that can exceed traditionally used silicone and replace silicone as a major component in electronic operations. Some polished diamonds are used for different optic applications such as particle accelerators, laser systems, and other similar high-powered equipment. Research is being conducted to heck usability of diamonds in the medical field in the form of components in prosthetics and high precision surgical equipment. It is now been used by dermatologists for skin exfoliation in some types of chemotherapy to aid with the absorption of medicines into patient’s body. These industrial applications of lab grown diamonds and further research into the same is expected to the foster lab grown diamonds market growth.

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Techniques for growing diamonds in labs and factories were first invented in the 1950s, in the form of HPHT. It was used for creation of diamonds that were small and mostly useful for industrial applications. CVD technology of creating diamonds was invented in the 1980s, and further innovation in diamond manufacturing technology led to creation of techniques for making diamonds that were bigger and could reach sizes of 10 carats and more. Use of renewable energy in the making of diamonds is increasing and use of laser technology for cutting diamonds is also gaining more traction in the market. Further research and innovations can make lab grown diamonds production easier and more efficient, which is expected to have a very positive impact on the lab grown diamonds market in the upcoming years, increasing the lab grown diamonds market demand.

The lab grown diamonds market was significantly impacted during the initial phase of the pandemic, however, the market has started rebounding toward the end of 2020. Disruption in supply chain across China and later from India negatively impacted the market, as these countries are the top exporters of lab grown diamonds and hold a significant lab grown diamonds market share across the world. Nevertheless, the market is expected to gain high momentum in upcoming years due to emerging lab grown diamonds market trends.

The global lab grown diamonds market is segmented on the basis of manufacturing method, size, nature, application, and region. By manufacturing method, the global market is bifurcated into HPHT and CVD. By size it is segmented into below 2 carat, 2-4 carat, and above 4 carat. By nature, it is bifurcated into colorless and colored. On the basis of application, it is studied across fashion and industrial. The global lab grown diamonds market is also studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings Of The Study

By manufacturing method, the chemical vapor deposition (CVD) segment leads in terms of market share and is projected to grow with the highest CAGR during the forecast period.
Depending on the size, the below 2 carat segment is the most widely used diamond across both industrial and fashion purposes.
By nature, the colorless segment leads in terms of market share, however, the colored segment is expected to gain high popularity during the forecast period.
By application, diamonds find its prominent use in the fashion industry occupying about three-fourths of market share in 2020.
By region, North-America leads, in terms of market share, however, Asia-Pacific is poised to grow with highest CAGR during the forecast period.

Some of the major players profiled in the lab grown diamonds market analysis include ABD Diamonds, Clean Origin, De Beers Group, Diam Concept, Diamond Foundry Inc., Henan Huanghe Whirlwind Co., Ltd, Mittal Diamonds, New Diamond Technology LLC, Swarovski AG, and WD Lab Grown Diamonds. Other prominent players analyzed in the report are Applied Diamond Inc., D.NEA Diamonds, Zhengzhou Sino-Crystal Diamond Co., Sahajanand Laser Technology Limited (SLTL Group), Finegrowndiamonds, Zhongnan Diamond Co. Ltd, and Sumitomo Electric Industries Ltd

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Bleisure enables employees to use weekends to unwind and take in the destination they’re visiting rather than rushing from travel to workplace

 Emergence of bleisure travel is expected to boost the market growth in the future. Moreover, incorporation of multiple industry such as hospitality, as well as new strategies by companies are expected to promote sustainability and result in the market growth in the upcoming years.

According to a new report published by Allied Market Research, titled, “Bleisure Travel Market,” The bleisure travel market size was valued at $315.30 billion in 2022, and is estimated to reach $731.4 billion by 2032, growing at a CAGR of 8.9% from 2023 to 2032.

A vacation that combines business and pleasure is referred to as a bleisure trip. Bleisure travel, also known as blended travel, is typically business-focused but includes time for leisure activities, typically at the start or end of a work trip and is one of the bleisure travel market trends across the globe. While attending conferences or sales meetings during the week, a businessperson may choose to unwind, go sightseeing, and take in the local culture on the weekend before or after.

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For many professionals, workcations and leisure travel can be a clear advantage because they allow them to take advantage of experiences that might not otherwise be accessible as well as more time to unwind. And since every modern business leader understands the value of employee well-being, business travel no longer has to be solely transactional. Instead, pleasant personal experiences may raise staff morale, foster a positive outlook, and be energizing.

Bleisure enables employees to use weekends to unwind and take in the destination they’re visiting rather than rushing from travel to workplace. This extra time can ensure that both their personal and professional requirements are satisfied, and it eventually offers them a chance to “recharge” their physical and mental metaphorical batteries. Similar to vacation days, workcations let employees take advantage of much-needed scenery changes while still attending to their work obligations.

The bleisure travel industry is segmented on the basis of employee, age group, industry and region. By employee, the bleisure travel market is classified into executive, middle management, and entry level employee. Depending on age group, the market is categorized into millennial, generation X and others. By industries industry categorized into government and corporate. By region, the market is analyzed in North America, Europe, Asia Pacific and LAMEA.

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Depending on the employee, the middle management segment dominated the market in 2022, garnering around two-fifths of the market share; moreover, the middle management is expected to grow at the highest CAGR of 9.2% from 2023 to 2032. In addition, Middle managers, who have an average salary of close to $80,000 per year and are between the ages of 36 and 54, make up the largest category. They frequently come from the IT sector and hold a substantial market share. A company’s whole workforce may occasionally assemble in one place for a few days or perhaps a few weeks of work and enjoyment. An entire team retreat is what is meant here. In contrast to women, who are more inclined to travel for pleasure, males are more likely to travel for work, according to a US survey.

Depending on the age group, the millennial segment dominated the bleisure travel market size in 2022, garnering around two-fifths of the market share. Moreover, millennials are expected to grow at the highest CAGR of 9.1% from 2023 to 2032. In addition, Millennials are no longer just known for initiating new fads or visiting far-off places. Instead, students learn about the history and significance of each location they go to, learn about the customs of the people there, and engage in local interaction. Millennials are energetic, life-loving people who are committed workers, compulsive shoppers, and seasoned partygoers. They set out for enjoyment and financial gain. Usually, their companies give them permission to travel and pay for it. It is therefore expected to increases the bleisure travel market demand across the globe.

Depending on the industry, the corporate segment dominated the market in 2022, garnering majority of the market share; however, the corporate is expected to grow at the highest CAGR of 9.0% from 2023 to 2032. In addition, as business travellers mix their journey for business with their personal time off, bleisure travel is growing in popularity. Technology has made it harder to distinguish between work and play. Due to this, a new breed of business travellers has emerged that schedule their trips to maximize their free time as well.

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Some of the major players analyzed in this report are Bleisure Travel Company, BCD Group, Booking Holdings, Fareportal, Expedia Group, Airbnb, Flight Centre Travel Group, Wexas Travel, TravelPerk, TravelBank and FCM Travel Solution.

Key findings of the study

By employee, the middle management segment is estimated to witness significant bleisure travel market growth, registering a CAGR of 9.2% during the forecast period.

By age group, the millennial segment is anticipated to grow at a CAGR of 9.1% during the bleisure travel market analysis.

By industry, the corporate segment is estimated to witness significant growth, registering a CAGR of 9.0% during the forecast period.

By region, Europe was the dominant region in 2021, occupying a major share of the market.

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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 domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 

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According to a new report published by Allied Market Research, titled, “Sleeping Bag Market,” The sleeping bag market size was valued at $1.43 billion in 2021, and is estimated to reach $2.50 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

The sleeping bag is a warm lined padded bag to sleep. It is a lightweight quilt that has a zipper similar to a tube that is used for camping to sleep. They are primarily used during hiking, climbing, or filed trip. The main purpose of a sleeping bag is to keep the person warm during the night during camping. It is water-resistant and protects from wind chill, rain, snow, and light precipitation. It is found in different designs, and insulation. The insulation material used is of two types that is natural down fill and synthetic fill.

The increase in purchasing power and consumer investment on recreational activities are the factors and sleeping bag market trends that drive the sleeping bag market growth. Increase in the camping sites, field trips, and outdoor activities boost the sleeping bag market demand. However, the availability of substitute products like camping tents and other products are anticipated to hamper the growth of the global market. Growing tourism and travel industry and developments in e-commerce industry has greatly contributed to the growth factor. Furthermore, rise in in the popularity of a sleeping bag because it is convenient, comfortable, and more compact for traveling or hiking. With the launch of new innovative products with upgraded versions can create an opportunity for growth.

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According to the sleeping bag market analysis, the market is segmented on the basis of type, material, price point, sales channel, and region. On the basis of type, the market is categorized into mummy sleeping bag, rectangular sleeping bag, and others. Among these, the rectangular sleeping bag segment occupied the major sleeping bag market share of the market in 2021, and is projected to maintain its dominance during the sleeping bag market forecast period. The most popular shape for recreational camping is a rectangular sleeping bag. They allow you to spread out and sleep in a natural position, making them the most comfortable shape of conventional sleeping bag. Due to the added material, they have the disadvantage of being heavier and bulkier. However, the mummy sleeping bag segment is anticipated to grow at highest CAGR in the future.

Based on material, it divided into down fill and synthetic fill. The synthetic fill segment is anticipated to grow at the highest rate during the forecast period. Sleeping bags with synthetic fill typically weigh more than down bags with the same warmth rating. As can be seen, there are advantages to choosing a synthetic sleeping bag over a down one. Synthetic bags can be less expensive than down.

As per sales channel, the sleeping bag market is fragmented into supermarkets and hypermarkets, specialty stores, e-commerce and others. The specialty stores segment is anticipated to grow at highest CAGR during the forecast period, due to the growing sales of sleeping bag through specialty stores.

In 2021, North America accounted for 37.7% in the global sleeping bag market, and is expected to maintain its dominance during the forecast period. However, Europe and Asia-Pacific are expected to possess the highest CAGRs in the global market.

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Due to the rigorous lockdown measures implemented globally to try to stop the spread of coronavirus, the COVID-19 pandemic had a substantial impact on the offline distribution sector of the sleeping bag industry. To counter this, market participants embraced internet platforms and turned toward an omnichannel strategy. Manufacturers have modified their approaches to recover from the current predicament by introducing innovative innovations like antivirus mattresses. Additionally, it is anticipated that the sleeping bag market will rebound after 2021.

Many companies are investing in research and development to innovate new products or technology to survive in the long run. Companies are also taking the initiative to increase profitability and reduce the cost of production. The manufacturers are upgrading the sleeping bag with better quality material that are ultralight with aerogel insulator. The companies are making strategies to expand their business through collaboration, mergers, acquisition or investment.

The major players analyzed for global sleeping bag industry are AMG Group, The Coleman Company, Inc., Columbia Sportswear, Exxel Outdoors, Gerlert, Jack Wolfskin, Johnson Outdoors, Kefi Outdoors, Kelty, NEMO Equipment, Inc., Oase Outdoors, Recreational Equipment, Inc., Snugpak, TETON Sports and THE NORTH FACE.

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KEY FINDINGS OF STUDY

By type, the rectangular sleeping bag segment was the highest revenue contributor to the market, with $664.1 million in 2021, and is estimated to reach $1,164.2 million by 2031, with a CAGR of 6.0%.
By material, the synthetic fill segment was the highest revenue contributor to the market, with $866.6 million in 2021, and is estimated to reach $1,482.4 million by 2031, with a CAGR of 5.7%.
Depending on price point, the luxury segment was the highest revenue contributor to the market, with $527.4 million in 2021, and is estimated to reach $938.0 million by 2031, with a CAGR of 6.1%.
As per distribution channel, the specialty stores segment was the highest revenue contributor to the market, with $688.9 million in 2021, and is estimated to reach $1,177.5 million by 2031, with a CAGR of 5.7%.
Region wise, North America was the highest revenue contributor, accounting for $539.7 million in 2021, and is estimated to reach $900.6 million by 2031, with a CAGR of 5.5%.

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David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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