5G Services market size is expected to reach USD 498.3 billion by 2027

The global 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new study by Polaris Market Research. The report “5G Services Market Share, Size, Trends, Industry Analysis Report, By Communication Type (FWA, eMBB, uRLLC, mMTC); By End-Use (Smart Cities, Connected Workers, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare); By Industry Vertical (Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, Retail, Agriculture, O&G and Mining, BFSI, Construction, and Real Estate); By Regions; Segment Forecast, 2021 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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5G is the next generation cellular technology, offers download speeds approximately 100 times faster than 4G LTE networks. 5G services improve telecommunication service providers and businesses to deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in comparison to the previous technologies.Some of the major industry participants include : AT&T Inc., Bharti Airtel Limited, BT Group plc,  China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and Vodafone Group are some of the key players operating in the global market.

The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media and entertainment industry and on-demand content is being increasingly preferred by the younger generation.

Recent key initiatives by the key industry players show expresses the need of such services. For instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G Android based operating system smartphone and launch services as well. Telefonica Deutschland has signed contracts with multiple vendors to build 5G cellular network across Germany.

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The 5G services manufacturers are focusing on enhanced mobile broadband (eMBB) segment to deliver higher capacity and higher user mobility that will enable broadband services of mobile in moving vehicles including car, buses, trains and planes. In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. Furthermore, the IT and telecom vertical are expected to rise in the coming years as the growing demand for higher data speeds and enhanced virtual business meetings.

Polaris Market research has segmented the 5G Services market report on the basis of communication type, vertical, and region

5G Services Communication Type Outlook (Revenue – USD Million, 2020 – 2027)

• FWA
• eMBB
• uRLLC
• mMTC

5G Services End-Use Outlook (Revenue – USD Million, 2020 – 2027)

• Smart Cities
• Connected Workers
• Connected Vehicles
• Connected Factories
• Smart Buildings,
• Smart Utilities
• Connected Healthcare

5G Services Industry Vertical Outlook (Revenue – USD Million, 2020 – 2027)

• Manufacturing
• Energy & Utility
• Media & Entertainment
• IT & Telecom
• Transportation & Logistics
• Healthcare
• Retail
• Agriculture
• O&G and Mining
• BFSI
• Construction
• Real Estate

5G Services Regional Outlook (Revenue – USD Million, 2020 – 2027)

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
• Asia Pacific (Japan, China, India, Malaysia, South Korea. Australia)
• Latin America (Brazil, Mexico, Colombia)
• MEA (Saudi Arabia, UAE, Israel, South Africa)

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Surgical Microscopes Market 2020 with COVID-19 Pandemic PESTEL Analysis, New Trend Analysis Forecast to 2026

According to a new study published by Polaris Market Research, the global surgical microscopes market is anticipated to reach over USD 1,740.4 million by 2026. In 2017, the ophthalmic microscopes segment dominated the global market, in terms of revenue. Among regions, North America accounted for the majority share in the global surgical microscopes market.

According to the World Health Organization (WHO), cancer is the leading cause of death around the globe. Thus, there is a great demand for surgical microscopes to improve diagnostic efficiency and decide prognosis of a disease. Moreover, increase in the number of surgeries, advancements in healthcare facilities, customized microscopy solutions, and technological advancements are the major factors driving the market growth. Moreover, growth in geriatric population, rise in adoption of minimally invasive ENT surgeries, and improved reimbursement policies for ENT surgeries further bolsters the growth of the market. Furthermore, surge in the number of outpatient facilities and increased per capita healthcare expenditure of various countries supplement the market growth.

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In 2009, average health spending reached 9.5% of gross domestic product, up from 8.8% in 2008. The healthcare spending in most of the OECD countries has increased by margins greater than the gross domestic product. Moreover, the U.S. spent USD 1.9733 trillion for health care expenditures in 2005, which was 15.9% of the gross domestic product (GDP); of which, twenty-nine percent of the expenditures were allocated to surgical revenues. Thus, increase in population coupled with expansion of healthcare infrastructure and favorable scenarios for medical reimbursement programs have led to surge in the adoption of surgical microscopes. The adoption of surgical microscopes in ENT application has increased due to rise in prevalence of chronic sinusitis, growth in geriatric population, increase in adoption of minimally invasive surgeries, and implementation of favorable reimbursement policies for ENT surgeries. Technological advancements in surgical microscopes such as integrating intelligence, video, intraoperative-imaging, and navigation technologies enable surgeons to improve their decision-making at the point-of-care (POC) centers and provide best possible outcomes to patients.

Surgical microscopes have been widely used in ophthalmology, as these microscopes help surgeons to perform intricate surgeries with precision and visualize the anatomy of small cavities. Increasing incidence of eyesight and vision disorders has fueled the use of ophthalmic microscopes across the globe.

In addition, the dentistry segment is expected to witness significant growth in the near future, especially in the developing regions due to increase in the number of out-patient facilities and growing per capita healthcare expenditure. Growth in neurosurgery & spine surgery application segments is expected to be driven by surge in research and development activities related to tissue clearing and targeted cell labeling for brain functions.

The governments of various countries have funded research & development activities to support and promote medical advancements. Moreover, the healthcare sector of developing countries has witnessed tremendous development in the recent years. Emerging economies, such as India and China have increased in their spending on healthcare facilities, which is a positive indicator for market growth. Thus, market players in the value chain are optimistic about the growth of the surgical microscope market across emerging economies in the near future.

The key players profiled in the report are Carl Zeiss AG, Leica Microsystems, Takagi Corporation, Seiler Precision Microscopes, Topcon Corporation, Alltion (Wuzhou) Co. Ltd., Alcon Laboratories, Inc., Haag-Streit Surgical, Olympus Corporation, Accu-scope, Inc., Novartis AG, Danaher Corporation, Labomed Microscopes, and Prescott’s Inc. The prominent players operating in the industry have adopted various strategies such as business and capacity expansion, acquisitions, partnerships, mergers, and application & product development.

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HAND SANITIZER MARKET IS PREDICTED TO EXCEED USD 17.2 BILLION BY 2026 |POLARIS MARKET RESEARCH

The report “Hand Sanitizer Market by Product Type (Gel, Liquid, Foam and Spray); By Distribution Channel (E-Commerce, Hospital Pharmacies, Retail Suppliers, Supermarket and Others); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global hand sanitizer market size is expected to reach USD 17.2 billion by 2026 according to a new study by Polaris Market Research. 

The market for hand sanitizers has gained a sudden momentum due to the COVID-19 pandemic which is spread across the globe. World Health Organization has already mentioned in its advisory the importance of usage of hand sanitizers during these days and due to this the governments across the globe have made it mandatory the usage, which has pushed the market for these handrubs. There has been a sudden surge in the demand for all types of sanitizer and some countries which are developing are also facing shortage.   

Hence many manufacturing industries are striving their best to distribute hand sanitizer in the marketplace. Governments are also encouraging its usage, thereby increasing its demand. The World Health Organization (WHO) has also recommended its usage at home, healthcare institutions as well as in all industries, offices, etc. to face the outbreak COVID-19. These new norms have enormously pushed the market and has gained an unprecedented traction in 2020.

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These sanitizers are majorly of two types which include alcohol or non-alcohol-based sanitizer. There has been a major demand for alcohol-based hand sanitizers. These sanitizers are mainly relevant within the liquid handrub, gel-based handrub, foam-based, and spray-based hand sanitizer for killing diseases. Based on the current scenario, the government and other private institutes are also implementing sprinkler-based sanitization systems, especially in the infected areas. 

The players are who helping the health care sectors are Gojo Industries, Inc., Vi-Jon, Inc., Nice Pak, EO Products, Edgewell Personal Care, KAS Direct, LLC, 3M Company, Best Sanitizers, Inc., Byotrol plc, Chattem, Inc., Henkel AG & Co. KGaA, Lion Corporation, Medline Industries, Inc., Procter & Gamble Co., Reckitt Benckiser Group plc, SC Johnson & Son, Inc., Deb Group Ltd., Skinvisible, Inc., The Clorox Company, Unilever plc, Godrej Consumer Products Ltd, Zep, Inc., The Himalaya Drug Company and others across the global market. The most important share hand sanitizer in the global market are launching product, marketing, acquisition to encompass the consumer to increase the selling percentages of strategies to preserve and capture the hand sanitizer market.

This report focuses on the upward push in the amalgamation of distribution of handrub by the means of e-commerce and hospital pharmacies. It also focuses on the trends in the healthcare industry for using the alcohol based liquid hand sanitizer to eliminate the chances of getting infected. The report analyzes on how the availability of hand sanitizer has raise the competition and price attrition of handrub.

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Based on region, the global handrub industry has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America region is expected to dominate the market in terms of quantity on account of the higher number of COVID-19 cases and production of handrub. Moreover, Asia-Pacific is the largest producer of liquid hand sanitizer for the consumers and is expected to grow in the global market in 2020. The volume and value of these products are expected to increase due to the demand for the handrub in the region in the coming years majorly because of the pandemic. Moreover, majority of the population in the Asia Pacific region is now more aware about the benefits of the usage of handrubs and sanitizers due to the current pandemic. This would in turn benefit the market in the APAC region.

On the basis of product type, liquid hand sanitizer has gained the popularity related to minimize the risk of the transmission of infectious disease. Handrubs are assisting the health care sectors primarily in stopping supply of such transmission diseases while maintaining contact with the patients’ or personal with each other while functionalities of the healthcare workers. Liquid hand sanitizer along with other alcohol based sanitizers and chemicals can also be used to disinfected masks, hands or the contaminated area to minimize the transmission cases of infectious diseases such as COVID-19, thus creating an opportunity for this market.

The European marketplace is projected to preserve a steady growth revenue over the forecast period. Hand sanitizer encompassed with the Himalayan Drug Company trying to make contemporary sensing in the health systems and witness to expand the adoption of using hand sanitizer in Europe, which has greatly aided to decrease the infection in the polluted places.

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Omega 3 Market Size, Growth by Top Companies, Future Trends, Types and Application and Forecast to 2026

According To A New Report Published By Polaris Market Research The Omega 3 Market Is anticipated to reach over USD 4,262.5 million by 2026. In 2017, the functional food and supplements segment dominated the global market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.

A significant increase in awareness regarding a healthy diet, changing lifestyles, and health benefits offered by omega 3 drive the growth of this market.  Other driving factors include growing inclination towards use of natural and organic products, and increasing use of omega 3 in functional food and pharmaceutical. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

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There has been a growing awareness regarding health benefits offered by omega 3 among consumers. Omega 3 assists in body functions such as muscle activity, brain development and functioning, blood clotting, digestion, fertility, and cell division and growth, which has increased its adoption. Use of EPA also helps in controlling anxiety, depression and other related health problems.

Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for omega 3 market. Factors such as increase in per capita income, changes in consumer behavior, and increased awareness regarding health and nutrition are expected to accelerate the adoption of omega 3 in the coming years.

North America generated the highest revenue in the market in 2017. The increasing geriatric population in the region coupled with high disposable income drives the market growth. The increasing demand of omega 3 in the region is owing to high consumer awareness regarding the benefits of omega 3, and growing health concerns. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising demand of omega 3 for infant formula, animal feed, and pharmaceutical.

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The different applications of omega 3 include functional food and supplements, pharmaceutical, infant formula, animal feed, and others. In 2017, functional food and supplements segment accounted for the highest market share. Use of omega 3 in functional food and supplements provide proper nutrition and enable efficient functioning of human bodies. The increasing demand of functional food and supplements from athletes and sports sector further supports market growth.

The well-known companies profiled in the report include Omega Protein Corporation, Croda International PLC, Arista Industries Inc., Cargill, Inc., Royal DSM, Pharma Marine AS, GC Reiber Oils, Nordic Naturals Inc., Reckitt Benckiser Group plc, Pharma Nord B.V., Pharmavite LL, and Natrol LLC among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Eyewear Market Global Analytical Overview, Key Players, Regional Demand, Trends and Forecast To 2026

According to a new study published by Polaris Market Research the worldwide eyewear market is anticipated to reach over USD 235 billion by 2026. In 2017, the spectacles segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global eyewear market.

The increasing rate of diseases associated with vision, along with growing ageing population majorly drives the market growth. Consumers are increasingly becoming aware of eye health, which supports market growth. The growing popularity of fashion trends, and increasing disposable income encourage consumers to purchase designer and branded eyewear. Other factors driving market growth include spending longer durations in front of computers and laptops, increasing cases of myopia, hypermetropia, & astigmatism, and changing dietary habits. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for eyewear market in the coming years.

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The increasing need for vision correction and growing diseases related to vision in the geriatric population drives the market growth. Consumers are increasingly spending more time in front of mobile devices for work or leisure, which leads to higher cases of vision problems. Changing dietary habits and hectic lifestyles also lead to increasing vision problems. Increasing life expectancy and associated diseases with old age such as presbyopia and cataract augment market growth. There is increasing awareness among consumers regarding eye care, which encourages them to take preventive measures, thereby boosting market growth.Sale of products through online channels has gained significant popularity over the years.

The trend of online shopping is gaining traction in developing economies, thereby encouraging established market players to distribute their products globally. Emerging and new players are also using online platforms for promotion and sale of products. Online distribution channels offer a global platform to market players for expansion of customer base, while reducing operation cost.

The growing disposable income has encouraged people to buy quality eyewear products that are in perfect amalgamation with their increasing living standards. Moreover, people are now opting for trendy and designer sunglasses according to latest trends prevailing in the market. Youth prefer to don contact lenses in an effort to accentuate their overall appearance. Thus, lofty living standards and increasing fashion consciousness, would contribute to the growth of the eyewear market, thereby positively affecting the market growth.

The growing popularity of fashion trends has increased the demand for branded and luxury eyewear products. Consumers are increasingly buying spectacle frames, lenses, and sunglasses with respect to changing fashion trends. The rising standards of living, increasing disposable income, and increase in fashion conscious population drives the market for luxury eyewear products. Earlier premium eyewear products were only available at selected stores at high prices. However, with technological advancements, and mass manufacturing processes, global players are offering these products globally at affordable prices.

Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Increasing use of mobile devices and online shopping further augments market growth.

The various types of eyewear include spectacles, lenses, and sunglasses. The spectacle segment is expected to lead the market during the forecast period owing to increasing defects and diseases associated with vision. Growing geriatric population and changing lifestyles support the market growth. Spectacle frames can be made using materials such as metal, plastic, and nylon. Consumers are increasing opting for lenses for vision defects as well as for cosmetic purposes.

The well-known companies profiled in the report include Luxottica Group S.p.A, Bausch + Lomb Inc., Johnson & Johnson Vision Care, Prada S.p.A, Safilo Group S.p.A, Fielmann AG, Cooper Companies, Inc., Essilor International S.A., GrandVision, Carl Zeiss AG, Hoya Corporation, De Rigo SpA. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

Automotive Lighting Market Overview, Key Players, Regional Demand, Trends and Forecast To 2026

The global Automotive Lighting market is anticipated to reach around USD 48.08 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger cars dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Lighting market.

The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive Lighting Market growth. The adoption of advanced automotive lighting solutions has increased significantly owing to increasing awareness regarding use of energy efficient lighting solutions, and growing need to improve road safety. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, emerging consumer demographics, and increasing adoption of eco-friendly lighting solutions would provide growth opportunities for automotive lighting market in the coming years.

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The use of LED lights in automobiles has increased significantly and these lights are gradually replacing halogen and xenon lights for headlamps and daytime running lights. LED technology is being used for rear lights, brake lights, indicators and daytime running lights owing to their reduced costs and greater flexibility. High brightness white LEDs offer improved visibility, are smaller in size, and offer controlled illumination pattern to avoid dazzling other drivers on the road.

In 2017, Asia-Pacific accounted for the highest share in the global automotive lighting market. Established automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The introduction of stringent government regulations regarding vehicular safety and use of eco-friendly lighting solutions accelerates the adoption of automotive lighting in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the Automotive Lighting Market Growth.

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The leading companies profiled in the Automotive Lighting Market report include Osram GmbH, Koninklijke Philips N.V., Zizala Lichtsysteme GmbH, Magneti Marelli S.P.A., Stanley Electric Co., Ltd., Ichikoh Industries, Ltd., Hella KGaA Hueck & Co., Koito Manufacturing Co. Ltd., General Electric Lighting, and Valeo S.A. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

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Automotive Electronics Market Overview, Key Players, Regional Demand, Trends and Forecast To 2026

The increasing demand for passenger cars, and growing penetration of electric and hybrid vehicles majorly drives the market growth. The growing need to improve road safety, and introduction of stringent regulations to enhance vehicular safety and control emissions has accelerated the growth of the automotive electronics market. The development of autonomous vehicles along with growing demand for luxury and comfortable driving experience supports the growth of the market. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, and emerging consumer demographics would provide growth opportunities for automotive electronics market in the coming years.

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The Global Automotive Electronics Market is anticipated to reach around USD 490.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Electronics market.

In 2017, Asia-Pacific accounted for the highest share in the global automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive electronics in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

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The global Automotive Electronics market is segmented on the basis of application, vehicle type, sales channel, and geography. Based on application, the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment, Body Electronics, and others. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global automotive electronics market in 2017. The vehicle types in the global automotive electronics market include passenger vehicles, and commercial vehicles.

 The well-known companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Autonomous Cars Market Overview, Key Players, Regional Demand, Trends and Forecast To 2026

The worldwide Autonomous Cars Market is anticipated to reach over 263,532 units by 2026 according to a new research published by Polaris Market Research. In 2017, North America accounted for the majority share in the global autonomous cars market.

The increasing adoption of connected cars, along with growing need to automate driving to reduce human errors majorly drives the autonomous cars market growth. Market players such as Google, BMW, and Mercedes are increasingly developing advanced technologies for self-driving cars. The increasing need for improved road safety, and increasing disposable income would encourage consumers to invest in autonomous cars. Other factors driving the autonomous cars market growth include technological advancement, growing adoption of IOT, and dynamic mobility services. New emerging markets, emerging consumer demographics, and significant investments in research and development would provide numerous growth opportunities in the market during the forecast period.

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In March 2018, Nissan announced the integration of ProPilot Assist, its semi-autonomous driver assist system into its range of Nissan Altima cars. ProPilot Assist is a Level 2 self-driving system offering speed control, distance from other cars, and lane control with minimal input from the driver. Cameras integrated into the system are capable of detecting lane markings at highway speeds, adaptive cruise control, lane-keeping, and blind spot detection.

North America is expected to dominate the global autonomous cars market during the forecast period. This is due to high living standards and high disposable income. Presence of global players in these countries taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development for development of self-driving cars support the market growth in this region. The government regulations regarding testing of driverless automobiles on public roads enables market players to introduce advanced self-driving technologies.

The major companies operating in the autonomous cars market include General Motors, Alphabet Inc., Uber, Daimler, BYD, Nissan, Honda Motor Corporation, Tesla Motors, Bayerische Motoren Werke AG, and Mercedes-Benz among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Automotive Suspension Market Top Companies, Future Trends, Types and Application and Forecast to 2026

The worldwide Automotive Suspension Market is anticipated to reach USD 127.6 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the passenger cars segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automotive suspension market.

The increasing need to offer high quality driving experience along with enhanced comfort and safety drives the automotive suspension market growth. The increasing production of motor vehicles across the world, and growing popularity of luxury automobiles boosts the adoption of automotive suspension.  The growing safety concerns have encouraged market players to integrate advanced automotive suspension systems in vehicles to improve the overall driving experience. Factors such as technological advancements, and use of light-weight material for suspension systems would fuel the automotive suspension market growth during the forecast period. New emerging markets, increasing demand of automobiles, and growing safety concerns are factors expected to influence the market in the coming years.

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Asia-Pacific is expected to lead the global automotive suspension market during the forecast period. Significant investment by market players to improve driving experience coupled with favorable regulations regarding transportation safety drive the growth of Automotive Suspension market in this region. Technological advancement and introduction of advanced automotive suspension systems by the market players has increased the acceptance of automotive suspension systems in the region. The rising demand for luxury vehicles, and economic growth in countries such as China and India boost the market growth in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

The key players operating in the automotive suspension market include Multimatic Inc., Continental AG, Tenneco Inc., ZF TRW, Hendrickson USA, L.L.C, Thyssenkrupp AG, Magneti Marelli S.p.A, Sogefi SpA, WABCO Holdings Inc., and NHK Spring Co., Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Smart Glass Market Overview, Key Players, Regional Demand, Trends and Forecast To 2026

The Smart Glass market is anticipated to reach around USD 8,223 million by 2026 according to a new study published by Polaris Market Research. In 2017, the automotive segment dominated the global smart glass market, in terms of revenue. North America is expected to be the leading contributor to the market revenue during the forecast period.

Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of smart glass. Growing concerns regarding environment, increasing need to reduce energy consumption, and growing demand from the automotive sector further support the growth of this market. Additionally, the increasing adoption of energy efficient buildings and reducing operation costs would boost market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.

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The well-known companies profiled in the smart glass market report include Asahi Glass Co., DuPont, Gentex Corporation, SPD Control Systems, View, Inc., Corning Incorporated, Hitachi Chemical Co., Ltd., RavenBrick LLC, Switch Materials Inc., Scienstry, Inc., ChromoGenics AB, and Innovative Glass Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The smart glass market is majorly driven by factors including increasing energy concerns, and environment consciousness across the globe. The decreasing cost of electrochromic materials has encouraged consumers to switch to smart glass. Limited awareness among consumers had restricted the adoption of smart glass in the past. However, with significant government initiatives and substantial investments, the development of smart glass market has accelerated significantly.

  

North America generated the highest revenue in the smart glass market in 2017. The increasing awareness among consumers, and rising awareness regarding energy efficient buildings drive the market growth in the region. Consumers are adopting smart glass owing to stringent government regulations regarding energy consumption, and the need to reduce operation costs. Numerous key players have adopted partnership and expansion strategies to increase their share in the North America smart glass market.

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The different end-users of smart glass include automotive, architecture, consumer goods, and others. In 2017, the automotive segment accounted for the highest smart market share. The use of smart glass in windows, doors, and windshields in automotive reduces the heat accumulation in vehicles. The consumer electronics segment is expected to grow at the highest CAGR.

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