Wednesday, 10 February 2021

Electronic Contract Manufacturing Services Market Poised for Steady Growth in the Future 2020-2026

According to a new study published by Polaris Market, the global Electronic Contract Manufacturing Services market is anticipated to reach USD 554.2 billion by 2026. With the rising competition in the electronics industry, increasing cost reduction pressure on OEMs, complexity of electronic products, and decreased product lifecycles, the demand Electronic Contract Manufacturing Services market has boosted globally.

 

For attaining this, OEMs are seeking support from electronic contract manufacturing companies. These OEMs (hirer) subcontract electronic manufacturing contract companies to take advantage from their design expertise, supply chain management, and manufacturing capabilities. This helps the OEMs to leverage resources, reduce costs, access prominent manufacturing technologies, as well as reduce fixed capital investments and fulfil the Electronic Contract Manufacturing Services market demand.

 

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The major players operating in the electronic contract manufacturing services market include Flextronics International Ltd, Hon Hai Precision Industry (Foxconn), Universal Scientific Industrial Co Ltd, Shenzhen Kaifa Technology, Beyonics Technology, New Kinpo Group, Benchmark Electronics, Sanmina-SCI, Zollner Elektronik, Celestica, Jabil, Inc., and Elcoteq SE among others.

 

In addition to this, electronic contract manufacturing also helps in retaining in-house activities and control responsibilities including, quality assurance, product cost management, network solutions integration, customer service, order management, customer interactions, and introduction of new products. These factors are highly responsible for propelling the Electronic Contract Manufacturing Services market growth for electronic contract manufacturing services during the forecast period.

  

The design & engineering segment is expected to notice a high growth during the projected period attributed to increasing preference of OEMs for subcontracting their design requirements. Also, the global market is observing an increase in growth, with the surging demand for electronic circuit boards attributed to its rising significance in several electronic devices including, smart phones and tablets. Several OEMs are subcontracting their circuit assembly requirements to contract manufacturers, resulting in significant increase in their profit margins.

 

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The market operates in a highly competitive environment particularly, the players located in Taiwan and China are providing very economical subcontracted services for manufacturing. The current major focus of these vendors is to support and promote green technologies in their manufacturing processes. Another trend noticed in the current market scenario is increase in acquisitions, mergers and partnership activities. Moreover, the Electronic Contract Manufacturing Services market growth in the North American region is propelled by automotive as well as medical industries. Several R&D centers as well as healthcare institutes in North America are focused on the development of innovative diagnostic products that they plan to outsourcing from contract manufacturers. Such factors are expected to boost the market in the region.

 

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Computer Aided Engineering Market Current Opportunities with Future Growth Scenario by 2027

According to a new study published by Polaris Market, the global Computer Aided Engineering Market is anticipated to reach USD 11.86 billion by 2026. The increasing penetration of smartphones and tablets are the major factors driving the demand for CAE software. The developing economies worldwide are witnessing high increase in the demand for consumer electronics owing to rising affordability of the people. Further, augmented use of modern engineering modes including, 3D printing, building information modeling, concurrent engineering, and 3D modelling are bolstering the computer aided engineering market growth for CAE software worldwide. However, factors such as piracy of CAE software as well as rising open-source threat are hampering the market growth to certain extent. Also, inadequate technical expertise and lack of skilled labor in several countries globally is restricting the growth of the computer aided engineering market.

 

Some of the key players operating in the computer aided engineering market includes Casio Computer Co., Ltd., BenQ Corporation, Dell Technologies, Inc., Seiko Epson Corp., NEC Display Solutions, PLM Software, Inc., Dassault Systemes, Exa Corporation, ESI Group, and Numeca International among others.

 

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On the other hand, cloud-based CAE tools helps the vendors to escalate market penetration in small as well as medium sectors by providing advantages such as reduced maintenance costs and operating costs as well as mobility of the companies. Further, CAE software plays a significant role in the economic growth of several industries including aerospace & defense, automotive, finance, oil & gas, and healthcare among others.

  

During the past few years, a trend has been noticed in the CAE software marketplace. The players operating in the computer aided engineering market are entering into partnerships as well as mergers & acquisitions between the CAE providers and resellers. This has resulted in increased presence of value-added resellers in large number, which is further acting as a driver to boost computer aided engineering market growth. CAE software offers broad application range as well as supports various tasks including, analysis, simulation, validation, and manufacturing of engineering products. Although, CAE software is an analysis and troubleshooting tool, several critics claims that there is a delay in the accurate results, which acts as a hindrance to the market growth. Also, due to availability of open-source solutions, companies often avoid to make investments in attaining commercial licenses of CAE solutions thus, further restraining the CAE software market growth. Moreover, increasing computational fluid dynamics adoption that facilitates in reducing electric vehicles costs as well as forecast of thermal conditions, is anticipated to propel the growth of the computer aided engineering market during the coming years.

 

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On the basis of geography, Europe is anticipated to account for the major share of the computer aided engineering market in terms of revenues, followed by North America. Also, Asia Pacific computer aided engineering market is expected to demonstrate high growth during the forecast period. The presence of strong automotive industry in Europe and consumer electronic industry in developing nations of Asia Pacific are the factors influencing market growth for computer aided engineering. Further, governments of the developing nations of Asia Pacific region are encouraging the growth of their manufacturing sector by providing funds, subsidies, and tax benefits in order to boost their economic growth. This is anticipated to support the market growth owing to constant increase in the manufacturing sector. Some of such initiatives include Make in India as well as Made in China 2025. Also, automation of industrial equipment is rising at a very high pace, which is likely to bolster the computer aided engineering market growth. Moreover, constant increase in the labor costs worldwide is encouraging the adoption of equipment automation by the manufacturing industries thereby, positively influencing the market growth.

 

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Tuesday, 9 February 2021

Electric scooter Market Trend, Analysis, Manufacturers, Overview & Forecasts

According to a new research published by Polaris Market Research the electric scooter market is anticipated to reach over USD 51,324 million by 2026. In 2017, the retro product segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Several stringent vehicular emission norms passed by governments worldwide have boosted the adoption of electric scooters. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce fuel consumption further support the growth of this market. Additionally, the increasing acceptance and high success rates of electric cars have encouraged market players to apply similar technologies in the two wheeler segment and optimize performance. Increasing investments by vendors in technological advancements coupled with decreasing prices of Li-ion batteries and powertrain components would reduce the overall cost of these vehicles in the coming years, further boosting the market growth.

 

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The demand for electric scooters has increased significantly over the years owing to increasing prices of gasoline across the globe. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to electric scooters. Limited availability of public charging infrastructure for electric vehicles has limited the adoption of these vehicles in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly.

 

Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles. In 2016, Canada invested $62.5 million to support electric vehicle (EV) and alternative fuel infrastructure. It also aims to invest $16.4 million for development of more than 80 new charging units for electric vehicles, along with development of natural gas and hydrogen refueling stations along key transportation corridors. In August 2012, the Government of India approved an investment of 230 billion rupees in the development of electric and hybrid vehicle production and aims a target of 6 million vehicles by 2020. These initiatives by the government are expected to accelerate the adoption of electric vehicles in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing disposable incomes in developing countries of this region, and rising environmental concerns drive the market growth in the region. The increasing population of vehicles and adoption of vehicular emission standards of the U.S. and European Union by Asia-Pacific countries further promotes the adoption of electric scooters. Development of public charging infrastructure further supplements growth in the region. Local players are introducing low cost electric scooters with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in electric scooter markets of the Asia-Pacific region.

 

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The different battery types used in electric scooters include lead-acid, li-ion, NiMH, and others. In 2017, the lead-acid segment accounted for the highest market share. Lead-acid batteries are commonly used as a source of battery in electric scooters. They are comparatively cheaper than other batteries but offer low kilowatt-hours of energy storage per kilogram of weight. These batteries are inexpensive, reliable, and safe. However, these batteries offer low specific energy, short life cycle, and poor cold-temperature performance, which restrict its use in major applications. These batteries could be easily replaced by lithium-ion batteries in the coming years, however, automakers use it in vehicles owing to its low cost.

 

The well-known companies profiled in the report include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, Jiangsu Xinri E-Vehicle Co. Ltd., Green Energy Motors Corp., and BMW Motorrad International 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.

Organic personal care Market Size, Analysis, Professional Survey & Forecast 2026

New York, 09, Feb 2021: According to a new report published by Polaris Market Research the organic personal care market is anticipated to reach over USD 27,276.5 million by 2026. In 2017, the skin care segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant increase in disposable income, changing lifestyles, and initiatives by market players to promote natural and organic personal care products drive the growth of this market.  Other driving factors include growing inclination towards use of natural and organic products, and increasing awareness regarding use of chemical free personal care products. 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 shift towards e-commerce and consumers are increasingly purchasing organic personal care through online platforms. The variety of choices available coupled with ease of purchase offered by online platforms encourages consumers to buy organic personal care products online, supplementing the growth of the market. Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for organic personal care market. Factors such as increase in per capita income and changes in consumer behavior are expected to accelerate the adoption of organic personal care in the coming years.

  

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing geriatric population in the region coupled with high disposable income drives the market growth. The increasing demand of organic personal care in the region is owing to high consumer awareness regarding the benefits of natural and organic personal care products and rising environmental 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 awareness.

 

The different types of organic personal care products available in the market include skin care, hair care, oral care, cosmetics, and others. In 2017, the skin care segment accounted for the highest market share. Use of organic skin care products offers benefits and reduces the risk of skin irritations and allergies. Growing awareness regarding use of natural ingredients in skin care products is expected to support market growth during the forecast period.

 

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The well-known companies profiled in the report include The Body Shop International PLC, Amway Corporation, Aubrey Organics, Oriflame Cosmetics S.A., Estee Lauder Companies Inc., Arbonne International, LLC, Aveda Corporation, Aveda Corporation, Burt’s Bee, The Hain Celestial Group, Yves Rocher, Bare Escentuals, Inc., and L’Occitane en Provence 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.

 

 

 

 

 

Omega 3 Market Size, Analysis, Professional Survey & Forecast 2026

New York, 09, Feb 2021: 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 numero2us 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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Air Purifier Market Size, Analysis, Professional Survey & Forecast 2026

New York, 09, Feb 2021: The global air purifier market size is expected to reach USD 28.3 billion by 2027 according to a new study by Polaris Market Research. The report “Air Purifier Market Share, Size, Trends, Industry Analysis Report by Type (High-efficiency Particulate Air (HEPA), Activated Carbon, Ionic Filters), By Application (Commercial, Residential, Industrial), By Residential End-Use (Bedroom, Living Room, Kitchen), By Regions, Segments & Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The market is expected to witness significant growth due to the pandemic outbreak. Air Purifier Air Purifier are widely used in residential, manufacturing facilities & industries, hospitals & healthcare, environmental consulting, bars and restaurants, museums, odor control, laboratory, commercial, retail, and construction & infrastructure industry to improve the indoor quality of air. Air Purifier filter the air that circulates through the system. It traps and holds various types of particulates and contaminants such as pollen, dust & dirt, bacteria & microorganisms, hair & animal fur, fibers & lint, metal, plaster or wood particulates, mold & mold spores, that have an effect on the health and comfort.

 

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Air Purifiers can be defined as a valuable and the most sophisticated systems used for air purification. The market is very much organized even in developing economies such as India and China as well. The market in the Asia Pacific region is expected to grow at a CAGR of around 14% from 2020 to 2027. The product in the past found acknowledgement only in the premium segment but now is finding demand from mid-segment as well. The industry rivalry in the market is currently high and is expected to further get fueled due to the rising demand post pandemic.

 

Existing manufacturers and brands are trying hard to diversify their product portfolio across almost all price points, are taking concentrated efforts to expand and catalyze their R&D efforts and are investing heavily in such efforts. Awareness creation regarding health benefits of air Purifier is a major challenge faced by industry participants. Strengthening of distribution channels, focus on tier-2 cities especially in developing markets, considerable rise in marketing spend, are some of the top priorities of industry participants.

 

In addition, air purifier demand for residential sectors in the recent past was due to the demand from consumers who were suffering from ailments such as respiratory disorders. But post pandemic this is not the case as the product is being viewed as a means to clean air and healthy lifestyle and is appealing to the health-conscious consumers across the globe. The market for residential sector is expected to reach USD 9.9 billion by 2027.  

 

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Awareness about the technology for manufacturing air purifier has increased the competition in the market. The R&D division of a company plays a crucial role in its future growth and improves its competitive potential. Activities related to product quality improvements, innovative designs, new technology invention, and product development are expected to provide a competitive edge to the market players. In order to meet the ever-changing consumer requirements, companies spend huge amounts on research & development activities every year.

 

Awareness about the technology for manufacturing air Purifier has increased the competition in the market. The R&D division of a company plays a crucial role in its future growth and improves its competitive potential. Activities related to product quality improvements, innovative designs, new technology invention, and product development are expected to provide a competitive edge amongst the players. In order to meet the ever-changing consumer requirements, companies spend huge amounts on research & development activities every year.

 

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Breast Cancer Therapy Market Size, Analysis, Professional Survey & Forecast 2026

New York, 09, Feb 2021 : The Global Breast Cancer Therapy Market is anticipated to reach USD 29.6 Billion by 2026 according to a new research published by Polaris Market Research. In 2017, the targeted therapy segment dominated the global market, in terms of revenue.

 

Breast cancer is a disorder which is observed as malignant cell growth in the breast area. Such cancer can start at the breast tissue, ducts, or the lobules. In general, cancers developing from lobules are known as lobular carcinomas while cancer developing from the ducts are known as ductal carcinomas. The symptoms of cancer include dimpling of the skin, lumps, alteration in the breast size and impeding of fluid coming from breast. Generally, breast cancer is observed as the common disease in women over the age of 50. Moreover, the breast cancer is second most common disorder among all cancer types. This disease can be diagnosed and controlled by imaging test, physical tests, biopsy and appropriate care.

 

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The global breast cancer therapies market is majorly driven by increasing occurrence of breast cancer cases across the globe. Rising number of breast cancer cases are related with early menarche, protracted exposure to endogenous estrogens, late menopause and late stage at first childbirth which all are anticipated to render high impact on the market growth. In addition, launch of several screening and diagnostic programs and increasing advancement in technology are other factors expected to make a remarkable growth in the market. Moreover, increasing occurrence of obesity in women after menopause, increasing consciousness regarding breast cancer, and lifestyle risk factors (alcohol consumption and smoking) are other circumstances expected to drive the growth in global breast cancer therapies market.

 

Geographically, North America accounted for the largest share in the global breast cancer therapies market in 2017. The dominance is majorly owing to the increasing R&D funding through private and public organizations along with growing prevalence of breast cancer in the region. Moreover, increasing geriatric population majorly in U.S. and, breast feeding termination at an early stage are factors stimulating the risk factors for breast cancer development which in turn is expected to support the growth of breast cancer therapies market in North America region. Asia Pacific breast cancer therapies market is expected to grow at significant rate during the forecast period due to increasing occurrence of disease coupled with increasing rate of lifestyle changes and health risks associated with it. Moreover, increasing adoption of technology, refining economic settings, and rising awareness regarding disease preventions are other factors boosting the breast cancer therapies market growth across Asia Pacific region.

 

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The leading companies profiled in the Breast Cancer Therapies Market report include AstraZeneca, Bayer AG, Danaher, Bristol Myers Squibb, Eisai Co., Ltd., Merck & Co., Novartis AG, Novocure, Pfizer Inc., and F. Hoffmann-La Roche AG. 

 

Orthopaedic Implants Market Development Trends, Key Manufacturers and Competitive Analysis 2027

 New York, 09, Feb 2021: Orthopedic implants market size is set to reach USD 6,894.2 million by 2026 growing at a CAGR of 5.1% during the forecast period according to a new study published by Polaris Market Research. The report ‘Orthopedic Implants Market Share, Size, Trends & Industry Analysis Report, By Application (Spinal, Hip, Knee, Dental, Craniomaxillofacial and S.E.T (Sports Medicine, Extremities, and Trauma)) and by Regions, Segment Forecast 2019-2026’ provides a detailed analysis of present market strengths and future market trends.


Market success of orthopedic Implants is entrenched in a rising geriatric population with an increasing life-span affected by musculoskeletal disorders such as osteoporosis, osteoarthritis and others. Technological innovations also have seen a steady rise in orthopedic medical implants market. Increasing number of joint replacement cases and sport injuries across the globe will catapult market to leading growth.    

 

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The center for health design has predicted elderly population to double in coming years. For instance; Japan and South Korea have a life expectancy of 83.7 years and 82.3 years respectively. Surplus Government investments in medical industry and supportive Government opinions in use of implants have directed massive growth for market in coming years.

 

Increasing investments by Government in healthcare and in doting company with a well-developed healthcare infrastructure add momentum to market in North America and Canada. Asia Pacific     offers key players operating in market a thriving opportunity due to a high population base, high awareness regarding orthopedic implants, surge in healthcare infrastructure and rise in geriatric population. The key players operating in the orthopedics Implants market include Johnson and Johnson, Zimmer Biomet Holdings, Inc., Stryker Corporation and Medtronic PLC among others.


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Segmentation of Orthopedic Implants Market is as follows

 

Orthopedic Implant Application Type Outlook (Revenue USD Millions 2015-2026)

·         Spinal

·         Hip

·         Knee

·         Craniomaxillofacial

·         Dental Orthopedic

·         E.T (Sports Medicine, Extremities, Trauma) Orthopedic

Orthopedic Implants Regional Outlook (Revenue USD Millions 2015-2026)

·         North America (U.S., Canada)

·         Europe (Germany, UK, France, Italy, Spain)

·         Asia-Pacific (China, Japan, India)

·         Latin America (Brazil, Mexico)

·         Middle East and Africa