Friday, 23 July 2021

Fire Resistant Fabrics Market Is Expected to See Huge Growth. Latest Research Report

 The global Fire Resistant Fabrics Market is anticipated to reach USD 8.5 billion by 2026 according to a new research published by Polaris Market Research. In 2018, the treated Fire Resistant Fabrics segment accounted for the highest market share in terms of revenue. Europe is expected to be the leading contributor to the global Fire Resistant Fabrics market revenue in 2018.

 

The growing need to provide workplace safety has resulted in Fire Resistant Fabrics market growth. The advancements in technologies and introduction of stringent regulations regarding safety of workforce further lead to Fire Resistant Fabrics market growth. Increasing demand for fire resistant fabrics from public spaces such as theatre, school and auditoriums, along with growing use in firefighting uniforms, transport, and law enforcement services supplement the growth of Fire Resistant Fabrics market. Growing demand of Fire Resistant Fabrics from developing nations provide growth opportunities for the market. The increasing use of fire resistant fabrics in construction, oil and gas, and mining sectors among others are propelling the growth of global Fire Resistant Fabrics market.

 

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Europe generated the highest Fire Resistant Fabrics market share in terms of revenue in 2018. The adoption of fire resistant fabrics is expected to increase significantly in this region owing to increasing need to offer safety and security to the workforce. The increasing demand from the defense sector also drives the fire resistant fabrics market across various countries in the region. Market players in the European Fire Resistant Fabrics industry are introducing highly efficient and affordable fire resistant fabrics to cater to the growing consumer needs. Increasing safety concerns, growing military expenditure, and increasing use in the oil and gas and mining sectors are factors encouraging market players to launch efficient fire resistant fabrics across the globe.

 

Leading global players are expanding their presence in developing nations of India, China, and Japan to tap the growth opportunities offered by these countries. They are also introducing new products in the market to cater to the growing consumer demands. For instance, in January 2015, Teijin Limited announced the launch of Teijinconex neo, which is a new type of meta-aramid fiber providing unsurpassed heat resistance along with excellent dyeability. This launch enabled the company to enhance its product offerings in the Fire Resistant Fabrics market and cater to the growing consumer demands.

 

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The well-known companies profiled in the Fire Resistant Fabrics market report include Huntsman International LLC, PBI Fibers International, Teijin Limited, E. I. Dupont De Nemours and Company, Royal Tencate N.V., Gun Ei Chemical Industry Co., Ltd., Solvay S.A., Kaneka Corporation, Lenzing AG, and Newtex Industries, Inc. 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.

 

Automotive Robotics Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The Automotive Robotics Market is anticipated to reach over USD 14,170 million by 2026 according to a new research published by Polaris Market Research. In 2017, the articulated robots dominated the global automotive robotics market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global automotive robotics market revenue in 2017.

 

There has been an increase in the demand of automotive robotics across the world owing to greater need for automation of manufacturing processes. With the increasing use of collaborative robots in automotive applications, the overall demand for robotics to also influence the automotive robotics market growth. Automotive robots are being adopted by small and medium sized organizations at a huge pace for automation of manufacturing processes.

 

Market players are introducing application specific robots to meet the growing needs of the automotive industry. Growing need for automation and increasing labor costs further fuels the automotive robotics market growth. In addition, availability of affordable, high quality customized robotics solutions for diverse applications in the automotive industry stimulates the market growth.

 

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With international labor safety standards becoming more stringent, robots are being employed in hazardous environments in place of humans. Robots find application in situations that are dangerous and unsafe for human beings to work, such as working in irregular terrains and handling hazardous substances. Robots enable organizations to avoid risks and reduce the number of work accidents. This factor leads to greater adoption of robotics solutions in the global automotive industry.

 

Owing to stiff competition in the global automotive market, players are introducing low-cost and high quality robots to meet consumer demands. The advancements in technology enable developers to design new innovative products while maintaining the affordability of the product. The recently developed robots are energy efficient and designed to serve specific applications in the automotive industry. Acceptance of such robots by small and medium businesses has increased owing to its low cost and increased flexibility.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. Growing demand from automotive industry for high quality products, along with increasing labor costs encourages companies to invest in automotive robotics. With intense competition in the automotive industry, companies are setting up manufacturing facilities in these countries for timely deliveries of products to their customers. High demand of robots from Japan and South Korea would help in the growth of the automotive robotics market in the region. Other factors driving this market include rapid industrialization and increasing need for automation in manufacturing processes.

 

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The key players operating in the market include Fanuc Corporation, Rockwell Automation, Inc., ABB Ltd., Kawasaki Heavy Industries, Kuka AG, Denso Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Nachi-Fujikoshi Corporation, DiFacto Robotics and Automation Pvt. 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.

 

Voice And Speech Recognition Market 2021 Industry Outlook, Comprehensive Insights, Growth and Forecast

 The global speech and voice recognition market size is expected to grow to USD 31.49 billion by 2026 according to a new report published by Polaris Market Research. The report “Voice and Speech Recognition Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software, Services); By Interface (AI-Based, Non-AI Based); By End-User (Automotive, Healthcare, BFSI, Consumer, Retail, Government, Home security & Automation, Others); By Regions, Segments & Forecast, 2019 – 2026”, provides step-by-step analysis into current market insights and detailed analysis of future market trends.

 

In 2018, the non AI-based voice and speech recognition segment dominated the global market in terms of revenue. North America is expected to be the leading contributor to global market revenue during forecast period. A currently moving demand for virtual assistants at homes and enterprises supports the growth of this market. A growing need for automation in customer service and integration of virtual assistants with smart home appliances (digital homes) drive the growth of market. A need to streamline enterprise communication to improve productivity further supports market growth. Other driving factors include increased use in automobiles, mobile banking applications and Electronic health record applications (EHR). The increasing use in biometric applications for user voice authentication would boost market growth during forecast period. A surging demand from emerging economies and technological advancements are factors expected to provide several growth opportunities in coming years.

 

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An upward interest shone through in cars sector and expanding modernization of vehicles drove showcase development. The thought process being voice acknowledgements diminish mistakes enhancing market effectiveness. IT has been foreseen that half of ventures will be voice essays by 2020.  An increasing number of data lapses such as security attacks give reasonable credence to voice recognition systems that are more reliable authentication methods. Growing number of security concerns drive market.

  

North America came up with highest revenue in the market in 2017 and is anticipated to lead market gains through the forecast period. Use of intelligent virtual assistants to replace traditional interactive response systems has boosted market growth in the region. Use of intelligent virtual assistants is proving effective by enhancing customer and brand experience providing a consumer-friendly environment. The presence of established telecom and cloud infrastructure in the region and growing trend of BYOD drive the market growth in the region. The demand for voice recognition systems has grown significantly in BFSI and healthcare sectors in the regions. Increased adoption of smart homes and smart buildings would provide opportunities for market during forecast period.

 

China is the world’s largest populace and is expected to have high adoption rates for these technologies. The number of mobile transactions has reportedly increased which makes it ideal for implementation of this software.

 

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 Market players are introducing new products in the market to cater to a growing customer base and players are venturing into new markets to expand customer portal and make market presence strong.

 

The companies in the speech and voice recognition market include Google, Inc., Baidu, Inc., Facebook, Inc., Amazon.com, Inc., Advanced Voice Recognition Systems, Inc., Apple, Inc., IBM Corporation, Microsoft Corporation, Briana soft, VoiceBox Technologies, Fulcrum Biometrics, Neurotechnology, M2SYS Biometrics, Sensory Inc., Voice Base, INc., Agnitio Corp., Auraya Systems, VoiceTrust and Nuance Communications.

 

Over-The-Top Video Market Is Expected to See Huge Growth. Latest Research Report

 The Over-The-Top Video Market is anticipated to reach around USD 94.3 billion by 2026. In 2017, the AVOD segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global over-the-top video market revenue during the forecast period.

 

The growing penetration of broadband infrastructure, and increasing adoption of device-based computing have boosted the adoption of OTT Video. over-the-top video market growth is also influenced by the increasing penetration of mobile devices and other connected portable devices. Moreover, development of new apps, features and independent platforms for OTT content has driven the over-the-top video market. OTT video services enable consumers to stream live content, download videos and movies, thereby increasing its popularity.  Increasing disposable incomes, and growth in media & entertainment industry further support the growth of this market. Availability of low cost OTT video services and rising need for a personalized experience has accelerated the adoption of OTT Video. Increasing investments by vendors in technological advancements coupled with increasing demand from emerging economies further boost the market growth.

 

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North America generated the highest revenue in the market in 2017, and is expected to lead the global over-the-top video market throughout the forecast period. The high disposable incomes in the region, and growing media and entertainment industry drive the market growth in the region. There has been a significant increase in the consumption of online video content in the region. Favorable government regulations in the region boost the market growth in the region. Local players are introducing low cost OTT Video with advanced technologies to cater to the growing demand of consumers. Numerous key players have adopted partnership and expansion strategies to increase their market share in OTT Video markets of the North American region.

 

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The major companies operating in the over-the-top video market include Microsoft Corporation, Yahoo Inc., Amazon.com, Google Inc., Netflix Inc., Roku, Inc., Hulu, Apple, Inc., Akamai Technologies, Facebook, Inc., Limelight Networks, Inc., and Tencent Holdings 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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Air Ambulance Services Market Is Expected to See Huge Growth. Latest Research Report

 The Global Air Ambulance Services Market Size is anticipated to reach over USD 8.2 billion by 2026 according to a new research published by Polaris Market Research.

 

Growing occurrences of life-threatening diseases, such as cardiac ailments demanding emergency medical attention support the growth of the air ambulance market during the forecast period. Moreover, rising attentiveness about air medical transportation services also surges the market growth. In addition, favorable reimbursement policies and increasing government support proving air ambulance services in developed countries, such as the U.S. and Canada helps people avail these services even though the high cost of services.

 

Some major key players in global air ambulance services market include AMR, PHI Air Medical, Scandinavian Air Ambulance, IAS Medical; Express AirMed Transport, Native American Air Ambulance, Lifeguard Air Ambulance, REVA Air Ambulance, and Acadian among others.

 

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Refining global expenses led to increased healthcare expenditure and as a result, these have ensured the well-being of mankind. The per head healthcare spending has augmented exponentially during last decade. According to the World Bank Group, healthcare expenses have been increased by approximately 55% during past decade. As an outcome, the demand for better and faster health recovery is increased. Thus, factors such as long travel distance and increasing demand for early diagnosis and medical care are the factors propelling the global air ambulance services market growth significantly.

 

The global air ambulances services market is segmented on the basis of type, service model, and geography. On the basis of type, the global air ambulance services market is segmented into Rotary-Wing and Fixed-Wing. In 2017, the Rotary-wing type is estimated to dominate the global air ambulance services market growth majorly due to vast use of transportation for shorter distances. On the other hand, fixed-wing air ambulance services include particular airplane with well-equipped medical facilities and staff. For the longer distance patient transportation, this type of aircraft is used. In general, the fixed-wing air ambulance is private jets or business jets that are designed in to accommodate medical amenities as well as the crew. On the basis of services model, the global air ambulance services market is further segmented into hospital-based and community-based services model.  In 2017, the hospital-based service is anticipated to dominate the segment in air ambulance services market. The dominance is primarily due to the availability of emergency response by medical crew present in the air ambulance. The community-based services are given by the partnerships with private companies and other public health organizations.

 

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North America is estimated to dominate global air ambulance services market. Availability of supportive organization for air medical transportation, favorable reimbursement policies, and high presence of local and external service providers in this North America generates the profitable growth of this air ambulance services market. However, Asia Pacific is anticipated to make a dominating growth in the forecast period. The improving economic environment and developing the significant growth of air medical facilities in countries such as India, China, Japan and presence of multinational corporations marking the significant growth of the air ambulance services market in the Asia Pacific.

Digital Signature Market Is Expected to See Huge Growth. Latest Research Report

 The report “Digital Signature Market Share, Size, Trends, Industry Analysis Report By Component (Solutions (Hardware, Software), Services(Managed Services, Professional Services)); By Deployment (Cloud, On-Premise); By Application (Human Resources, Education and Research, BFSI, Government and Defense, Legal, Healthcare and Life Sciences, Real Estate, Manufacturing and Engineering) By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The Global Digital Signature market size is expected to reach USD 22.1 Billion by 2026 according to a new study by Polaris Market Research. The market is projected to witness a significant growth over the forecast period. Strong demand from government as well as defense sector among other applications is contributing to a rising demand for digital signatures across the globe. Governments and defense applications use digital signatures for various purposes such as forms & licenses issuing, tax and returns filing, treasury orders, online government directives and orders, file movements, filing of public information, online money orders, among others.

 

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Features of digital signatures such as high security, tamper proof cryptographic encryption, authentication at multiple levels, as we as ability to provide certificate-based ID authentication have led the governments across the globe to adopt digital signature on a wide scale. Cost savings associated with digital signatures, ease of usage and ability to bypass fraud issues and tedious paper work are some of the other factors driving the growth in the segment.

 

The digital signature operators have to maintain highly reliable as well as secure systems that cannot be easily modified and bypassed. Whenever a legal dispute arises, digital signature operators need to prove their operational reliability through means of expert verification. This entails additional costs. Companies have to offset such restraints to gain market share. Some of the leading players in the market include Kofax, Rpost Technologies, Identrust, Secured Signing Limited, SIGNiX, Entrust Datacard, DocuSign, Ascertia, Gemalto, OneSpan, Adobe, and Hellosign among others

 

 

The rising number of mobile users is proving beneficial for the overall market. Rising disposable income, cheap availability of mobile phones, are some of the major factors benefitting the rising number of mobile phone users. In comparison to situation five years ago, the download speed of internet has increased by more than six times. In addition, the prices and fees for mobile internet connection has reduced by more than 90%. This has also benefitted the overall demand for increased mobile devices sales. This trend is benefitting the overall benefitting the market from applications that involve mobile usage.

 

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E-commerce activities especially in countries such as India and in China have witnessed tremendous rise in these countries in the recent past and the momentum is expected to continue over the next few years. High penetration of mobile phone users, declining internet prices, broad product portfolio are some of the reasons for e-commerce growth. All these activities have thus resulted in a rise in online payments which is proving to be extremely beneficial for the overall market growth.

 

Improving economic conditions, proactive approach taken by governments in Asia Pacific region to boost industrial sector has resulted in a rapid urbanization in the region. The region has witnessed a rapid rise in urban population in the past years. This urban population has access to smartphones, and internet and are major drivers for applications growth of the market

 

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https://www.prnewswire.com/news-releases/rubber-processing-chemicals-market-size-worth-7-84-billion-by-2028--cagr-5-3-polaris-market-research-301308798.html

Biohacking Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The global biohacking market size is expected to reach USD 52,779.36 million by 2027 according to a new study by Polaris Market Research. The report “Biohacking Market Share, Size, Trends, Industry Analysis Report, By Type (Inside and Outside), By Product (Smart Drugs, Sensors, Strains,  and Others), By Application (Synthetic Biology, Genetic Engineering, Forensic Science, Diagnosis & Treatment, and Drug Testing), By End Use (Pharmaceutical & Biotechnology Companies, Forensic Laboratories, and Others), By Regions; Segment Forecast, 2020 –2027 gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Biohacking are biological experiments conducted in a small lab and are done by either individual or a small community. That is why biohacking is also called Do-It-Yourself (DIY). The biological experiments performed in garage labs could be genetic engineering, 3-D printing using light-sensitive bacteria. Furthermore, biohackers are in process as well as have developed various products to explore the human body and mind such as smart drugs, microchips, brain sensors, magnetic fingerprints, RFID implants, bacterial and yeast strains, smart blood pressure monitor and health tracker.

 

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For functional or aesthetic changes, biohackers have implemented technology to their own bodies. For instance, Artist Neil Harbission has exceptional color blindness due to which he used to see every object in grey color only. Later, he and his team had developed a software that transposes colors into vibration using a head-mounted camera extension.

 

 

The growing awareness about biohacking and the increasing prevalence of chronic diseases across the globe are the factors driving the growth of the market. Currently, the COVID-19 crisis has led to a rise in market growth for the pharma industries, and several R&D activities have been conducted by the companies to develop a suitable drug t as well as control the crisis. Therefore, increasing research & development activities by the company is the factor anticipated to fuel the market.

 

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However, the lack of cybersecurity practices and expertise, severe regulations that govern the genetic engineering experiments are anticipated to restrain the market growth during the projection period. On the other hand, lack of funding in research & development by the government yet remains another factor that limits the growth of the market. Furthermore, Salvia Bioelectronics, a Dutch startup company, is developing neurostimulation implantable device to stop chronic migraines. At its early stage of R&D, the company has successfully raised a fund of 1.8 million euros, in 2019. Additionally, smaller U.S. startups like CVRx has raised USD 340.6 million while Setpoint has raised USD 84.3 million. CVRx makes implant for heart failure treatment while Setpoint develops neuro devices for the treatment of arthritis and Crohn’s disease. This shows a great opportunity for biohackers.

 

 

Market participants such as Thync Global Inc., Apple, HVMN, Inc., Synbiota, Grindhouse Wetware, MoodMetric, THE ODIN, and Fitbit, Inc. are some of the key players operating in the market. The companies operating in the market are involved in the development of the product, strategic initiative, and regional expansion. For instance, Tim Cannon (co-founder of Grindhouse wetware) had implanted a circadia device into his arm. This was the very first event of body implantation. The Circadia device is capable of monitoring body temperature.

 

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Isolation Beds Market Comprehensive Research Including Top Companies, Latest Trends

 The global Isolation Beds market size is expected to reach USD 5.22 billion by 2027 according to a new study by Polaris Market Research. The report “Global Isolation Beds Market Share, Size, Trends, Industry Analysis Report, By Type (Manual, Electric, Hydraulic, and Pneumatic), By Usage (Critical, Bariatric, Medical Surgery, Pediatric, and Maternal); By End Use (General & Acute Care Hospitals, Multi-specialty Hospitals, Specialized Hospitals, and Ambulatory Surgical Centers, and Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Isolation Beds are one of the important components in any healthcare facility. In recent times, the demand for these beds has increased significantly owing to the nature of the current COVID-19 pandemic. The Isolation Beds market is suffering from both supply and demand side. From the demand side, more than 60 to 70% of the hospitals are struggling to acquire Isolation Beds, including masks, ventilators and other medical supplies. Whereas, from the supply side due to fluctuation in supply chain manufactures are not able to meet the current booming demand due to severe shortage of raw materials.

 

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With high infection rates and shortage of Isolation Beds, the government is focusing on alternate ways to increase the Isolation Beds facilities. In line with this, in April 2020, the Indian railways converted 20,000 train compartments into isolation wards. Similarly, in March 2020, Spain converted IFEMA conference hall into a hospital with 5,500 bed capacity to limit community transmission.

 

The factors responsible for the growth of Isolation Beds include an increase in the volume of chronic care patients, the rapid surge in COVID-19 patients, and increased preference towards home care for geriatrics. As of 23 June 2020, as per statistics published by John Hopkins University, the global cases of COVID-19 reached more than 9 million and deaths were around 471,000. The other countries more than 10,000 deaths were France (29,666), Mexico (22,584), Italy (34,657), Spain (28,324), UK (42,731), and India (13,699).

 

Market participants such as Invacare Corporation, Arjo Huntleigh (part of Gentige AB), Savion Industries Ltd., Joerns Healthcare, Joh. Stiegelmeyer GmbH, LINET Group, Stryker Corporation, Span-America Medical Systems, Gendron, Inc., Paramount Bed Holdings, Hill Rom Inc., Medline Industries, and Malvestio S.P.A. are some of the key players operating in the isolation beds market.

 

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These players focus their energies on strategic mergers and acquisitions to extend their R&D capabilities which might assist them in coming up with novel technologies and thereby gain a competitive edge.

 

Immuno Oncology Market Is Expected to See Huge Growth. Latest Research Report

 The report “Immuno Oncology (I-O) Market Size, Trends, Industry Analysis By Treatment Approaches (Monoclonal Antibodies, Therapeutic Vaccines, Checkpoint Inhibitors, and Cytokines); By Novel Targets (IDO1i, LAG-3 CPI, oncolytic virus, STING agonist, TLR agonist, HDACi, TIL, VEGFi, MEKi, TIGIT, CPI, GITR agonist, TGF-b trap, and A2AR antagonist/CD73i); By Tumor Types; By Region: Market Size & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.


The global immuno-oncology market size is expected to reach USD 38.89 billion by 2025 according to a new study by Polaris Market Research. Immuno-oncology, also called as cancer immunotherapy is a biologic treatment, which enhances the body’s natural defenses to stop the growth of cancer. This therapy uses constituents made by the body or in a research laboratory to improve or reestablish the immune system function.


Immuno-oncology represents an innovative approach to cancer research that seeks to harness the body’s own immune system to fight tumor cells. Currently, world is at the forefront of this science with several compounds in development that are being investigated for use in a variety of cancers, as well as an approved immuno-oncology medicine that continues to be studied for new uses. The more precise targeting of patients for selected therapies is another important area of focus in oncology. Clinical biomarkers and pharmacogenomic studies are increasingly used to identify groups and sub-groups of patients most likely to benefit from an investigational agent in order to maximize its potential benefits.

 

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Some of the key players operating in global immuno-oncology market are Bristol Myers Squibb, Merck, AstraZeneca, Roche Holding AG, Pfizer Inc., and Incyte Corporation among others.

 

 

The global immuno-oncology market is driven by the factors such as rising occurrence of different forms of cancer, technological advancements in the field of immune oncology for cancer treatment, and rising awareness concerning the benefits of ablation procedures over conventional treatment procedures. Moreover, rising number of ablation centers, surgical centers, and hospitals are driving the growth of tumor ablation market globally. Additionally, the developments in oncology treatments, leading to the increased development of pioneering products are also advancing towards significant growth of the global Immune Oncology market.

 

The increasing trend was also seen in the research in the novel agents and increase in the number of clinical trials in combinations as well as monotherapy. The most notable new agents in Immuno-Oncology are IDO’s, LAG-3, TIGIT, TIM-3, VISTA, KIR, NKG2A, B7-H3/H4. The Report has also emphasized on the Oncolytic viruses, Neo-Antigen therapies, TCR Therapies and CAR-T therapies.

 

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On the basis of treatment type, the global immuno-oncology market is segmented into Monoclonal Antibodies, Therapeutic Vaccines, Checkpoint Inhibitors, and Cytokines. Checkpoint inhibitors were the largest treatment process segment in 2019 that accounted for 55.2% of the overall revenue. On the basis of novel targets, the global market is segmented into IDO1i, LAG-3 CPI, oncolytic virus, STING agonist, TLR agonist, HDACi, TIL, VEGFi, MEKi, TIGIT, CPI, GITR agonist, TGF-b trap, and A2AR antagonist/CD73i. VEGFi was the largest novel target segment that was used for immuno-oncology treatment processes in 2019 with a total market share of 11.2%. on the basis of cancer type, the global immuno-oncology Market is segmented into Melanoma, Non-Small Cell Lung Cancer, Renal Cell Carcinoma, Head, face & Neck Cancer, Bladder Cancer, Classical Hodgkin’s Lymphoma, Merkel Cell, and carcinoma. Revenue share of immuno-oncology treatment for classical hodgkin’s lymphoma was the largest in 2019 i.e. 15.31% among the listed tumor types in the report.

 

On the basis of geography, North America was the largest regional market in 2019. High levels of spending on cancer treatments, also U.S. being one of the major country y with a huge population of cancer affected people on a global scale, the country being the host to the development of this technology, higher frequency of innovations of immuno oncology treatments or processes in the region specially in the U.S. etc., all of these factors have driven significant investment and alongside the demand for IO in the region. These factors have driven the North American market since the inception of this technology and over the forecast period it is expected to increase further.

 

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Thursday, 22 July 2021

EV Charging Cables Market Is Expected to See Huge Growth. Latest Research Report

 The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The global EV Charging Cables market size is expected to reach USD 1,992.5 million by 2026 according to a new study by Polaris Market Research. 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, which further drives the growth of the market. Market players are introducing technologically advanced EV charging cables in the market to appeal to a range of consumers. Innovations in the market have resulted in the launch of charging cables with reduced charge time and low overall costs. Technological advancement in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium enterprises to invest in EV charging cables.

 

Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market. Some of the major market participants include Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group, Sinbon Electronics, Systems Wire and Cable, General Cable Technologies Corporation, Chengdu Khons Technology Co., Ltd., Manlon Polymers, Eland Cables, EV Teison, Aptiv Plc., and Brugg Group.

 

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The different charging levels used in the global market include level 1, level 2, and level 3. Level 1 is a single-phase cable that provides battery recharge through an alternating-current plug and a dedicated circuit. It does not require the installation of charging equipment. It usually requires 8 to 12 hours to completely charge a battery, and is usually used for home purposes.

 

 

On the basis of application, the market is segmented into public and private. The governments across the world are investing significantly in deployment of public charging infrastructure by subsidizing the construction of charging stations. France has declared its goal to deploy 7 million outlets by 2030 for the cars to recharge. In 2016, Korea upgraded its former target of deploying publicly accessible fast chargers from 1,400 to 3,000 by 2020 to increase the adoption of electric vehicles. Norway provides public funding for construction of fast-charging stations every 50 km on main roads. In the United Kingdom, $650 is offered for the installation of a dedicated home charger for an electric car.

 

The market is segmented into Alternate, and Direct Charging based on power supply. AC transforms the incoming AC and into DC, and then forwarded to the battery pack. AC stations are widespread and offer vehicle recharge at affordable rates. However, the demand for DC is increasing owing to faster charging duration. BMW has launched its BMW Digital Charging Service (DCS), which is an intelligent cost-effective service optimizing charging technology for BMW i and BMW iPerformance vehicles. After activation of DCS, the recharge process is carried out independently and autonomously. DCS is based on principles on Tariff and solar optimised vehicle recharge. On the basis of shape, the market is segmented into straight and coiled. In 2019, the straight EV charging cables dominated the global market.

 

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Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Growing concerns regarding air pollution and increasing need of fuel efficient vehicles have increased the number of electric cars in countries, such as China, U.S., India, and Japan, driving the growth of market. The National Electric Mobility Mission Plan (NEMMP) 2020 in India projects sales of 6–7 million units of electric vehicles, and a subsequent fossil fuel saving of 2.2 – 2.5 million tons. This would result in considerable reduction in vehicular emissions, and decrease in carbon dioxide emissions by up to 1.5% by 2020. The increasing penetration of electric vehicles is expected to fuel development of enhanced charging infrastructure, further increasing the demand for EV charging cables.

 

 

Intelligent Transport System Market Is Expected to See Huge Growth. Latest Research Report

 According to a new study published by Polaris Market Research the global intelligent transport system (ITS) market is anticipated to reach USD 73.9 billion by 2026. Owing to the growing concerns regarding the inclusion of safety measures and reducing the street mishaps, the intelligent transport system market is projected to gain traction over the forecast period.

 

The implementation of intelligent transport systems to reduce the road accidents and street mishaps is one of the major driver for this market. The adoption for vehicle to vehicle and vehicle to infrastructure communication for helping in improvement of street security is presumed to gain pace throughout the forecast years. One of the restrictions to the market are the interoperability issues between the vehicle and the control units, however successful communication can be accomplished just by developing an up embedded technology that gives real time notifications.

 

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The ITS frameworks also help to reduce carbon dioxide density in the air and greenhouse fumes in densely populated territories through traffic administration and therefore helps in lowering exhaust gases. Continuous fuel utilization is reduced by means of ITS as it helps in avoiding traffic blockage due to the real-time updates the driver receives.

 

The consistent development and improvement in the transportation system have turned into an essential need for advancement of street networking in the transportation frameworks. Advancements in vehicle transport technology, for example, blind spot location and electronic toll gathering has kept up the advancements of present and future prospects of practical traffic and transport administration.

 

Key Findings from the study suggest the market for ITS in North America is expected to be the highest during the forecast period. ITS is also anticipated to be implemented in many developing countries of Asia Pacific which is helping the market to grow in this region. Asia Pacific is presumed to be the fastest developing region, growing at the highest CAGR during the forecast period. The application for ITS in Traffic management segment is projected to have a highest market share owing to the demand for limiting the traffic congestion and reducing the pollution levels. The growing incorporation of the ITS frameworks has reduced transport-related issues in emerging economies such as India and China. 

 

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The Advanced Traffic Management System (ATMS) segment is estimated to remain the biggest segment attributable to the rising need to get to real time data caught by cameras and sensors. This framework permits transport organizations to empower safety by recognizing and reacting quickly to the crises in real-time. Growing government concentration on passenger wellbeing and adoption by traffic administration for tasks and activities are driving the interest for intelligent transportation system.

 

Wireless Charging Market 2021 Booming Strategies of Top Companies

 The wireless charging market is anticipated to reach around USD 95.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the consumer electronics segment dominated the global market in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global wireless charging market revenue during the forecast period.

 

The wireless charging market has substantial potential for the present and future applications, owing to the rise in the mobile phone usage across the world, especially emerging regions such as India, China and South-East Asia. The growing demand for mobile devices and consumer goods drives the growth of the market during the forecast period. The wireless charging market is expected to grow significantly during the forecast period owing to increasing popularity of electric vehicles. Wireless charging has multiple applications in the EV technology including fuel supply, and in-car electronics. However, factors such as lack of standardization of mobile devices and their charging potentials, longer charging duration, and limited portability hamper the market growth to a certain extent. Growing demand from emerging economies, increasing adoption of IoT and smart devices are expected to provide numerous growth opportunities in the coming years.

 

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Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global wireless charging market throughout the forecast period. The economic growth in countries such as China and India, leading to rising living standards and high disposable income has increased the penetration of smart phones and other mobile devices in the region, thereby increasing the demand for wireless charging. The increasing environmental concerns and depletion of traditional fuel sources have encouraged consumers to use electric vehicles in the region. China exhibits the highest penetration of electric vehicles, which supports market growth of wireless charging.

 

The key players operating in the market include Integrated Device Technology, Mojo Mobility, Powercast Corp., Texas Instruments, Energizer Holdings, Leggett & Platt, Incorporated, Qualcomm Incorporated, Powermat Technologies Ltd., ConvenientPower, and Murata Manufacturing 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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