7 Key Projections on Expansion of Syringes Market through 2022

Going forward, a majority of medical procedures in the global healthcare industry will be performed through invasive techniques. The demand for syringes will continue to prevail in the years to come, urging syringe manufacturers remain optimistic. Pivotal importance of syringes as a product in the surgicals industries is expected to remain intact. Fact.MR projects that in 2017, more than US$ 11.3 Bn will be spend by patients, hospitals and other end-users for buying syringes.

In addition to this, rising demand for multifunctional syringes will also shape the dynamics of global syringes market in the future. By the end of 2022, the global market for syringes will have expanded at a robust CAGR of 7.8%, recording an estimated revenues of US$ 16.5 Bn. Following insights are excerpted from this report, which offers key projections on the growth of global syringes market during 2017-2022.

  1. Firstly, the report highlights that North America and the Asia-Pacific excluding Japan (APEJ) regions will be at the forefront of global syringes market expansion. The APEJ syringes market will witness highest growth, bringing in revenues over US$ 5.7 Bn by 2022-end.
  2. Active reforms in the healthcare infrastructure across the US and Canada are likely to remain profitable for syringes market. In 2017, more than US$ 2.5 Bn worth of syringes will be sold in North America, which will soar vigorously through the forecast period to reflect 8.5% CAGR.
  3. Japan, on the other hand, is expected to showcase a sluggish revenue growth for its syringes market, exhibiting a CAGR of 4.3%. The report also projects that Europe’s syringe sales will rise steadily, raking over US$ 4 Bn by the end of 2022.
  4. With increasing complexity in medical & surgical procedures, the demand for specialized syringes is expected to remain higher than that of general syringes. The report expects that a little less than 30% of the global syringes market value will be attained by the sales of specialized syringes. Nevertheless, this contribution will remain dominant compared to general syringes, the sales of which are likely to amass revenues over US$ 3.5 Bn by the end of forecast period.
  5. Over 80% of syringes sold in the global market over the forecast period will be disposable. With that said, the demand for reusable syringes will not be listless, as revenues from global sales of such syringes will reflect a steady growth at 6% CAGR.
  6. The report also highlights that over two-third volume of syringes expected to be sold in the world will be accounted by hospitals. While hospitals will be the largest end-users for syringes, the report also projects that 99.4% of the global syringes market revenues will be arising from sales of polymer syringes through 2022.

According to the report, the companies that are anticipated to remain active in the expansion of global syringes market through 2022 include Becton, Dickinson and Company, B. Braun Melsungen AG, Gerresheimer AG, Hindustan Syringes & Medical Devices Limited, Terumo Corporation, Nipro Corporation, Schott AG, Medtronic PLC, Smiths Group plc., and Codan Medizinische Geräte GmbH & Co Kg.

About Fact.MR       
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

5 Key Forecasts on Growth of Bone Growth Stimulator Market through 2022

Bone Growth Stimulator

As patients of spinal cord fractures continue to struggle with long duration consumed for complete recovery, surgeons and doctors continue to promote the use of bone growth stimulators. The Fact.MR forecast report on global bone growth stimulator market anticipates that global sales of these devices will bring in more than US$ 1.4 Bn by the end of 2017. Spinal fracture patients opting for bone growth stimulators is expected to rise due to increasing advancements in lowering patient discomfort. By the end of 2022, sales of bone growth stimulators in the global market is pegged to bring in US$ 1.91 Bn, exhibiting a steady growth at 5.3% CAGR.

Key Forecast Highlights

  1. According to the report, bone growth stimulation devices will account for nearly 56% share on global bone growth stimulator revenues in 2017. Platelet-rich plasmas, on the other hand, will be observed as promising product segment, revenues from which are expected to showcase robust growth at 6.2% CAGR. By the end of 2022, a little over US$ 450 Mn worth of platelet-rich plasmas will be sold in the global market for bone growth stimulators.
  2. In the view of poor road infrastructure and inferior healthcare facilities existing in the Asia-Pacific excluding Japan (APEJ) region, the demand for bone growth stimulators is expected to gain grounds. These factors are boosting the incidence of spinal fractures in this region, compelling doctors towards adoption of bone growth simulation therapy. Moreover, manufacturers of bone growth stimulators are expected to benefit from low wage costs and high resource availability by setting up their manufacturing units across APEJ region. By the end of 2022, over US$ 225 Mn worth of bone growth stimulators will be sold across the APEJ market.
  3. North America is expected to remain the largest market for bone growth stimulator. The report predicts that high healthcare spending implemented in Canada and the US will urge manufacturers towards developing advanced bone growth stimulators. Meanwhile, revenues amassed from sales of bone growth stimulators in Europe will contribute US$ 600 Mn in revenues by the end of 2022. Towards the end of forecast period, North America’s bone growth stimulator market is likely to soar at a CAGR of 6.2%.
  4. Application of bone growth stimulators in delayed union & non-union bone fracture treatments is expected to gain traction, reflecting a revenue growth at 5.7% CAGR. Spinal fusion surgeries will account for nearly 25% of the global bone growth stimulator sales in 2017, while their application in oral and maxillofacial surgeries will procure around US$ 250 Mn in global revenues.
  5. Hospitals and clinics are expected to remain largest end-users of bone growth stimulator throughout the forecast period. With more than 43% share, over US$ 800 Mn worth of bone growth stimulators will be sold in hospitals & clinics across the globe by 2022-end. Home care end-use of bone growth stimulator, on the other hand, is expected to create an incremental opportunity of more than US$ 100 Mn by 2022 over 2017.

The report has also profiled leading players in the global bone growth stimulator market, which include companies such as Orthofix International N.V., Medtronic plc, Zimmer Biomet Holdings, Inc., Bioventus Inc., Stryker Corporation, Johnson & Johnson, Arthrex, Inc., DJO Global Inc., Elizur Corporation, and Ossatec Benelux B.V.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=54

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Melanoma Cancer Diagnostics Market:8 Key Takeaways

Melanoma Cancer Diagnostics

According to a latest market research by fast-growing market research and consulting firm, the global melanoma cancer diagnostics market is poised to grow at over 7% CAGR and surpass US$ 853.5 million in revenues by 2022. Fact.MR’s report forecasts that North America and Europe will remain the most lucrative markets for melanoma cancer diagnostics market globally. Key takeaways from Fact.MR’s report are,

  • The U.S. melanoma cancer diagnostics market will grow at over 7% CAGR and reach US$ 409.2 Mn by 2022. By test type, BRAF mutation segment will continue to be the leading segment.
  • Germany is one of the largest markets for melanoma cancer diagnostics in Europe. Fact.MR projects the Germany melanoma cancer diagnostics market to grow at 7.4% CAGR through 2022. Hospital associated labs are the largest end-users of melanoma cancer diagnostics in Germany. The market in United Kingdom will grow at a higher rate than Germany, but it will be continue to be smaller in market size.
  • The market will be positive influenced by increasing R&D on cancer diagnosis and management. Increasing prevalence of melanoma and effective immunotherapies are expected to drive growth of the market globally.
  • Although the outlook on the global melanoma cancer diagnostics market is positive, limited funds in emerging countries, combined with challenges surrounding regulatory issues can stymie growth during the forecast period.
  • By test type, BRAF mutation segment will account for a significant share of global revenues. This test type will continue to be used widely in major markets of North America and Europe. The CTC segment, on the other hand, is projected to grow at a higher CAGR than BRAF segment. Immunohistochemistry, another test type, is projected to grow at over 6% CAGR in the global melanoma cancer diagnostics market.
  • The key end-use segments of the global melanoma cancer diagnostics market have been identified as hospital associated labs, cancer research institutes, and independent diagnostic laboratories. Among these, the hospital associated labs end-use segment is the most prominent globally. According to Fact.MR’s research, hospital associated labs will remain the largest end-users for melanoma cancer diagnostics market during the forecast period.
  • Demand is also expected to remain steady from independent diagnostic laboratories segment. In North America, demand from this segment is expected to surpass US$ 100 million by 2022. The trend will also remain strong in Europe, with this segment growing at nearly 8% CAGR during the forecast period.
  • Leading companies profiled in the report include Cancer Genetics, Inc., Myriad Genetics Inc. Abbott Laboratories, Foundation Medicine, Inc., and Pathway Genomics Corporation

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

9 Key Takeaways from Fact.MR’s Report on Kidney Cancer Diagnostics Market

Kidney Cancer Diagnostics

Fact.MR, in its latest research, anticipates the global kidney cancer diagnostics market to witness an impressive expansion at a CAGR of 6.4% over the forecast period 2017 to 2022.

Tremendous transformations have been witnessed over the recent past, in the management and diagnosis of renal cell carcinoma (RCC), or, kidney cancer. Numerous discoveries, trails, and studies have been taken in active surveillance, renal biopsy, as well as minimally-invasive thermal ablation, on the back of surging diagnosis rate of the small renal masses, observed usually among individuals with high morbidity risks, undergoing operative treatment. These factors are expected to fuel growth of the global market for kidney cancer diagnostics.

Older population are most commonly affected by kidney cancer. Diagnosis of old-aged patients makes kidney cancer diagnostics an intricate chapter in the medical books. MRI and CT scan are staple diagnosis procedures in the global market for kidney cancer diagnostics, however, patients are anticipating the emergence of advanced and more effective diagnosis tests. Moreover, this urge to upgrade the diagnostic approach for kidney cancer patients is also resonated by medical organizations as they continue to direct heavy investments in research & developments of new diagnostic procedures. Improvements in early diagnosis tests have translated huge profits for market players, and these companies are also partnering with medical research organizations to develop diagnostic methods that can concurrently lower the maturation pace of tumor between multiples stages of kidney cancer.

9 Estimations from Fact.MR’s Report on the Global Kidney Cancer Diagnostics Market

  1. Based on end-users, the hospital-associated labs will remain preferred in the market for kidney cancer diagnostics, and are expected to account for the largest revenues over the forecast period.
  2. Independent diagnostic laboratories are estimated to remain the second largest end-users in the global market for kidney cancer diagnostics.
  3. Cancer research institutes will register the fastest expansion in the market during the forecast period.
  4. Immunochemistry tests will remain sought-after in the market for kidney cancer diagnostics, and revenues from these tests will account for US$ 351.8 Mn by 2022-end. Among test type, Immunochemistry test is expected to exhibit the highest CAGR through 2022, followed by the complete blood count test.
  5. Urine analysis is anticipated to remain the second most lucrative tests for diagnosis of kidney cancer across the globe.
  6. Revenues from blood chemistry tests related to kidney cancer diagnostics are expected to remain comparatively lower in the market over the forecast period.
  7. North America will continue to account for the largest revenues in the kidney cancer diagnostics market, followed by Europe.
  8. Market for kidney cancer diagnostics in Europe will register a relatively higher CAGR than in North America throughout the forecast period.
  9. Asia Pacific excluding Japan (APEJ) is expected to remain the fastest growing market for kidney cancer diagnostics over the forecast period.

Competition Tracking

The report has also profiled leading players in the global market for kidney cancer diagnostics, which include NeoGenomics Laboratories, Myriad Genetics Inc, NanoString Technologies Inc., Rosetta Genomics, Sysmex Corporation, Illumina, Inc., Roche Holding AG, Quest Diagnostics Incorporated, Thermo Fisher Scientific Inc., and Abbott Laboratories.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=56

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/
Web: https://www.factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

5 Key Insights on Functional Workwear Apparel Market for Forecast Period 2017 – 2026

With the rapid growth in industrial, manufacturing, and service sector, the workforce is also increasing. Hence, increasing number of companies have set the rules in terms of workwear depending on the nature of the business. Manufacturers are offering a specialized set of clothes including basic and protective workwear. Basic workwear is worn across industries such as food, healthcare, defense, hospitality, industrial sector, etc. Whereas, protective workwear consists of protective clothing such as bacterial resistant, fire resistant, water resistant, etc. These type of protective workwear is being largely used across manufacturing units, steel, fire services, mining, pharmaceuticals, etc.

Technological advancements are also leading to the production of smart and high-tech workwear apparel. These clothes are equipped with sensors that help in maintaining body temperature. They are also made using technically advanced fabrics that provides protection against UV rays and harmful radiation. Manufacturers are also focusing on producing light-weight workwear apparel, along with design to make it comfortable and stylish. However, the high cost of functional workwear apparel and lack of awareness about the use of protective workwear are likely to hamper the growth of the market.

According to the latest report by Fact.MR, the global functional workwear apparel market is expected to witness sluggish growth. The market is estimated to increase to 2.6% CAGR during the forecast period 2017-2026. The market is also projected to bring in US$ 749.3 million revenue by the end of 2026. Owing to the rise in industrial and service sector, companies are moving towards providing workwear apparel offering safety, comfortability, thereby enhancing functionality.  Manufacturers are also focusing on providing stylish business formals and casuals as a part of corporate workwear. Following insights show how the global functional workwear apparel market will perform during the forecast period.

5 Forecast Highlights on Global Functional Workwear Apparel Market

  1. Asia Pacific Excluding Japan (APEJ) is expected to emerge as the largest region in the global functional workwear apparel market. Owing to the growth in manufacturing sector, the rise in the new employment opportunities and growth in the service sector are some of the factors driving the functional workwear apparel market in APEJ.
  2. Europe is also expected to witness growth in the functional workwear apparel. Manufacturers are focusing are increasingly investing in the research and development in terms of fabric innovation and using advanced materials, enabling functionalities such as water resistance, durability, and maintaining body temperature.
  3. Uniforms are expected to be one of the top-selling functional workwear apparel during the forecast period 2017-2026. Uniforms are estimated to bring in more than US$ 300 million revenue by the end of 2026.
  4. Compared to the natural fiber, synthetic fiber is expected to account for maximum revenue share by the end of 2017. Synthetic fiber is projected to bring in nearly US$ 600 million revenue by 2026 end.
  5. The service sector is expected to emerge as one of the largest buyers of the functional workwear apparel. By the end of 2026, the service sector is estimated to exceed US$ 300 million revenue.

The report has also profiled leading players in the global market for functional workwear apparel, which will remain active through 2026. These include companies such as V.F. Corporation, Fristads Kansas AB, Aramark, Rentokil Initial Plc., Engelbert Strauss GmbH & Co. KG, Ansell Limited, Carhartt, Inc., Sioen Industries NV, Lakeland Industries, Inc., Delta Plus Group, Duluth Holdings Inc., Superior Uniform Group, Inc., Mascot International A/S, Jonsson Workwear (Pty) Ltd, and Alsico NV.

About Fact.MR       
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

8 Key Takeaways from Fact.MR’s Study on Breast Cancer Diagnostics Market

According to a recent study by Fact.MR, the global breast cancer diagnostics market is projected to register a moderate CAGR of 4.7% during the forecast period 2017 to 2022. The report estimates the market to surpass US$ 2,000 Mn in revenues by 2022-end.

In diagnostic platforms of breast cancer, a number of technological advancements have led towards a robust transformation of the global market for breast cancer diagnostics. The emergence of hybrid diagnostics instruments with the provision of an enhanced accuracy have been witnessed in the market. Advancements such as these have been fuelling growth of the global market for breast cancer diagnostics. Surging cases of breast cancer, coupled with growing older women population are anticipated to create potential growth opportunities for breast cancer diagnostics market across the globe. However, lack of skilled as well as trained personnel is expected to inhibit the demand for breast cancer diagnostics during the forecast period.

The most common type of cancer for women across the globe currently is breast cancer. The number of breast cancer cases is expected to witness a rise, leading towards the requirement for efficient and early breast cancer detection. An established method, mammography, adopted in many countries, has recently been observed to provide inconclusive test results. Personalized and risk-adapted therapy are expected to resolve these difficulties. Tomosythesis, which has emerged as a new imaging technology, promises to overcome the challenges incurred in mammography.

8 Estimations for the Global Breast Cancer Diagnostics Market

  1. By test type, BRCA will remain dominant in the global breast cancer diagnostics market.
  2. CA test for diagnostics of breast cancer is expected to register the highest CAGR through 2022 in the market, followed by ER & PR. Revenue from ER & PR, and CA tests will continue to be low throughout the forecast period.
  3. HER 2 test is expected to remain the second largest segment among test type, in the market. However, EGFR mutation test is estimated to account for low revenues in the global market for breast cancer diagnostics.
  4. North America will continue to be the largest market for breast cancer diagnostics. Revenues from breast cancer diagnostics market in North America is estimated to surpass US$ 800 Mn by 2022-end.
  5. Europe will remain the second most lucrative region for the breast cancer diagnostics market. However, markets in Japan, and Middle East & Africa (MEA) are anticipated to witness a sluggish expansion throughout the forecast period.
  6. Hospital-associated labs will remain sought-after among end-users for breast cancer diagnostics around the world. Revenues from breast cancer diagnostics will remain largest in hospital-associated labs, followed by the independent diagnostic laboratories.
  7. Cancer research institutes are anticipated to exhibit the highest CAGR during the forecast period. Between 2017 and 2022, cancer research institutes are estimated to create absolute $ opportunity of US$ 107.3 Mn.
  8. Key market players mentioned in Fact.MR’s report include Siemens AG, Myriad Genetics, Inc., Roche Holding AG, Illumina, Inc., Epigenomics AG, Abbott Laboratories, Thermo Fischer Scientific, Inc., Bio-Rad Laboratories, Inc., Biocept, Inc., AstraZeneca plc, and Quest Diagnostics Incorporated.

About Fact.MR                                                 
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Forecast on Automotive Seats Market: Top 8 Projections

Automotive Seats

Comfort is of paramount significance for drivers as well as passengers of automobiles. Automakers are adopting innovative seating designs to cater to this stipulation. From passenger cars to heavy commercial vehicles, automotive seats are attracting the attention from manufacturers and customers, alike. Improvement in automotive seating of vehicles is also expected to lower post-accident traumas for vehicle occupants. Advanced seats are also observed as critical tools for ensuring a safe road travel for passengers. Fact.MR’s new report on the global market for automotive seats assesses multiple factors that will impact the market’s growth through 2022.

According to Fact.MR, the global market for automotive seats will reach an estimated value of US$ 31.5 Bn by the end of 2017. Fluctuating commodity prices are expected to impact procurement of raw materials & fabric for production of automotive seats. Moreover, the report also indicates that advancements in production technologies and adoption of modular designs might compel some automotive seats manufacturers towards outright remodeling of their manufacturing infrastructure. By the end of 2022, more than US$ 40 Bn worth of automotive seats will be sold across the world, reflecting a steady revenue growth at steady CAGR.

Following excerpts from the report provide insightful projections on the growth of global automotive seats market during 2017-2022.

  1. Globally, the demand for split-bench or bench seats is expected to gain traction. In 2017, these products will account for largest share of 80.1% on global automotive seats market revenues.
  2. Hatchbacks and sedans will reflect leading vehicle segments in the global automotive seats market, collectively accounting for more than half of global revenues through 2022.
  3. A region-wise analysis in the report projects that majority of global automotive seats sales will be registered in the Asia-Pacific excluding Japan (APEJ) region. Through 2022, the APEJ automotive seats market is pegged to soar at a steady CAGR.
  4. North America’s automotive seats market is expected to reach US$ 7.1 Bn in value by the end of 2017.
  5. In Japan, strict regulations are curbing automobile production, and limitations on dumping industrial material leftovers is restraining the use of advanced seating materials. These factors to lower the presence of Japan in growth of global automotive seats market. In 2017, Japan’s automotive seats sales are expected to contribute approximately lowest share of global revenues.
  6. In 2017, global sales of automotive seats made from genuine leather will come about 10% of global market value. Synthetic leather has successfully replaced genuine leather, and will bring in global revenues worth over US$ 26 Bn towards the end of 2022.
  7. While automotive seats developed on standard technology are currently dominating the global market with over two-third share, demand for powered automotive seats is expected to gain momentum towards the end of the forecast period.
  8. Lear Corporation, Faurecia SA, TACHI-S Co., Ltd., TS TECH Co. Ltd., Toyota Boshoku Corporation, IFB Industries Limited, Adient Plc., and Gentherm Inc. are profiled in the report as key players of global automotive seats market.

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

7 Key Takeaways from Automotive Steering Systems Market Report

Automotive Steering Systems

Effective steering systems are the crux of efficient automobiles. Technological advancements have improved automotive steering systems, enabling drivers with risk-less maneuvering. Increasing developments in working of automobiles are compelling manufacturers to rev up their existing steering systems. With new engines, tomorrow’s automotive steering system will be highly safe for vehicle passengers. Integration of hydraulics in steering systems is attesting that enabling technologies can be incorporated in development of modern automotive steering systems. Fact.MR’s report on the global automotive steering system market offers such key insights that will play an instrumental role in devising strategies for manufacturers.

According to the report, the global market for automotive steering system is expected to surpass US$ 30 Bn in revenues by the end of 2017. Fluctuating commodity prices, strict laws of passenger safety, and prevalent demand for vehicles with smooth traction are expected to fuel the growth of the market. By the end of 2022, the global market for automotive steering system will be valued at a little less than US$ 40 Bn, reflecting a steady CAGR in terms of value.

Following pointers are highlights from Fact.MR’s report, providing an insightful outlook on the future of global automotive steering system market through 2022.

  1. In 2017, the Asia-Pacific excluding Japan (APEJ) region will be dominating the global automotive steering system market in terms of revenue. By the end of 2022, the APEJ automotive steering system market will have reached an estimated value of US$ 14.2 Bn.
  2. Europe’s automotive steering system market, on the other hand, is anticipated to record revenue growth at steady CAGR during the forecast period.
  3. In US and Canada, automotive steering system sales are expected to bring in US$ 7 Bn by the end of 2017.
  4. Demand for electric power steering (EPS) systems is currently gaining traction. In 2017, more than US$ 12 Bn global revenues will be accounted by sales of EPS systems. Manual steering systems will lose their market presence towards the end of forecast period, recording a sluggish revenue growth at moderate CAGR.
  5. By the end of 2022, more than US$ 23 Bn revenues will be accounted by sales of automotive steering systems in passenger cars across the globe. The demand for automotive steering system in other vehicle types will also be prominent, but passenger cars will be at the forefront of global automotive steering system market contribution.
  6. The report expects that majority of automotive steering system sold in the world will be through OEMs. The incidence of replacing steering systems is rare, thereby lowering the presence of aftermarkets in global sales of automotive steering systems. Between 2017 and 2022, the global market for automotive steering system will witness an significant increment through sales accounted by OEMs.
  7. The report has profiled leading manufacturers of automotive steering systems in the global market, which include ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Group Limited, ThyssenKrupp AG, NSK Ltd., Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Robert Bosch Limited and Sona Koyo Steering Systems Limited.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=43

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Motion Control Market: Metal Cutting Application to Generate Significant Revenues through 2026

Growing need for faster production process of electronic products has led to an upsurge in demand for motion control systems globally. In addition, surge in demand for intelligent technology is expected to impact growth of the global market positively. Fact.MR states that the global motion control market is expected to reflect a CAGR of 5.0% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth     

Growth of the global motion control systems market is mainly bound to various macro-economic and micro-economic factors. Increasing production of the electronic products will continue to rev up demand for the motion control systems in various industries. As manufacturing process of electronics and automotive products require accuracy and precision while controlling various parts of the manufacturing machines, manufacturers are increasingly adopting leading technology that offering distributed intelligence. Moreover, adoption of smart motion controllers has led to low cost of production and faster manufacturing process. Surge in demand for cost-effective technique and speedy process of manufacturing is projected to impact growth of the global market positively.

Demand for stacking, bottling, labelling, packaging and laser cutting increase, manufacturers are focusing on adopting motion controllers equipped with the smart actuators. With the increasing adoption of motion controllers equipped with smart actuators enables automated and convenient production process of the automotive and electronic products. The motion controllers also witness significant demand for the production of gaming equipment. Growing need for the handheld hardware controllers and movement sensors in the gaming products has led to an upsurge in adoption of the gaming and motion controllers significantly. Incorporation of gaming controllers equipped with cutting-edge technology enables the end user to control and interact with the graphic user interface. Moreover, manufacturers are increasingly equipping the gaming products with cameras in the consoles, which senses the movement of the end users. These factors are expected to contribute towards growth of the global motion control market during the forecast period.

A trend recently witnessed in range of end use industries is the increasing adoption of the collaborative robotics that are equipped with smart actuators. As the need for conveyor application arises, adoption of the independently controlled motion systems and leading motion technology continues to witness a robust demand. With the increasing adoption of the motion controllers that are equipped with intelligent motion technology alerts the end users with respect to the status of the manufacturing process and loading, and mechanical changes during the production process. Such factors are expected to impact growth of the global motion control market significantly.

Sales for Metal Cutting Application to Remain High

As the requirement for accuracy and precision during the manufacturing process increases, demand for AC servo components are projected to remain high. In terms of revenue, the AC servo component type segment is projected to represent significant revenue growth, representing more than US$ 2,400 Mn by 2026-end. In contrary, the others component type segment is projected to reflect a robust CAGR throughout the forecast period. By 2026-end, computer numerical control technology will outsell the general motion control technology, recording more than US$ 3,900 Mn.

By end users, the machinery segment is projected to witness significant growth in terms of revenue, accounting for more than US$ 1,300 Mn by 2017-end. On the other hand, the others end user segment is projected to witness the fastest growth during the forecast period.

Based on application, the metal cutting segment is projected to generate robust revenue growth, representing more than US$ 1,700 Mn by 2026-end. However, the robotics application segment is projected to reflect a significant CAGR throughout the forecast period.

Market Players

Major players in the global market of motion control market are YASKAWA Electric Corporation, Fanuc Corporation, Rockwell Automation, Inc, Mitsubishi Electric Corporation, Robert Bosch GmbH, Siemens AG, ABB Ltd Schneider Electric S.E, Moog Inc. and Parker-Hannifin Corp.

About Fact.MR                                                 
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Automotive Telematics Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

Automotive Telematics

Telematics has emerged as an important technology in the modern vehicular system. Automotive telematics has significantly boosted the functional capabilities of vehicles, making them more safe and connected. Currently, telematics is used in enhancing automotive safety, mapping and communication systems. Fact.MR’s new report reveals that the global market for automotive is set to increase at a robust CAGR of 24.2% over the forecast period (2017-2022) to reach a valuation of US$ 53,280 Mn. This growth will be facilitated by factors such as rising number of internet users, introduction of sophisticates communication systems, favorable government policies, and development of high-speed broadband networks. Following takeaways from Fact.MR’s report on the global automotive telematics market assert on its future prospects.

  • OEMs will remain the largest sales channel for automotive telematics throughout the forecast period. Increasing strategic partnerships and collaborations between telematics component manufacturers and top automotive companies is reassuring OMEs’ dominance.
  • On the basis of services, the safety & security segment is projected to account for the largest revenue share of the market over the forecast period. By the 2017-end, this service segment is likely command for more than half of global revenues. Meanwhile, integration of automotive telematics is steadily increasing in several other services segments including entertainment, navigation and information.
  • By product type, the embedded segment is projected to surpass a valuation of US$ 23,701 Mn towards the end of 2022, registering a strong CAGR. In addition, the segment currently accounts for close to half of the market value. During the forecast period, the tethered segment is projected to witness the highest CAGR.
  • Based on vehicles types, the passenger car segment presently accounts for over one-half market share in terms of revenue and is projected to reach a market valuation in excess of US$ 28,530 Mn by the end of projection period.  This is mainly attributed to growing need for efficient wireless communication systems in vehicles.
  • Among region, Europe is expected to remain the frontrunner in the global automotive telematics market in terms of revenue over 2022. This is primarily due to presence of some of the leading auto component manufacturers and automotive companies in the region. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) is expected to expand at the highest CAGR over the forecast period.

Competition Tracking

Some of the leading players in the global market for telematics include Verizon Telematics, Inc, TomTom N.V, Magneti Marelli S.p.A, Delphi Automotive Plc, Visteon Corporation, Harman International Industries, Incorporated, Trimble Inc, Masternaut Limited, Airbiquity Inc., and Robert Bosch GmbH. In order to increase market presence, many of these companies are actively focusing on adding new features to their products as well as trying to integrate telematics with a wider range of vehicle components.

Check Discount- https://www.factmr.com/connectus/sample?flag=D&rep_id=45

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
Fact.MR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Telephone: +353-1-6111-593
Email: sales@factmr.com/

Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.