Tool Steel Market Is Expected to See Huge Growth. Latest Research Report

 The global Tool Steel market size is expected to reach USD 7,100.0 million by 2026 according to a new study by Polaris Market Research. Global growth in the automotive industry is driving the overall market growth. Long production runs are a key characteristic of the automotive industry and hence they require good die material that can withstand tough engineering environment and conditions. Automotive companies therefore prefer tool steel due to their inherent benefits as well as properties. In addition, the usage guarantees minimum interruptions, less maintenance costs, and high productivity. Such trends are benefitting the tool steel demand from automobile industry.

 

Hot forming is used widely to manufacture automotive parts. They are used to manufacture pillar reinforcements, roof reinforcements, front bumper and rear bumper among others. The overall process is carried out at high temperatures and the operating temperature range can vary substantially. In such cases, due to the excellent temperature resistance offered by tool steels as well as their good yield strength, and high toughness at elevated temperatures, tool steels are preferred in hot forming processes. Such trends are benefitting the overall market growth.

 

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Generally, companies try to avoid cheap products that are less costly but wear out easily. Mostly companies prefer high quality tool steel that is a bit costly but guarantees extended service time. This reduces the overall reduction in maintenance as well as replacement costs. These factors ensure that the buyer can achieve a low per product cost even though preferring a high cost tool.

 

Tool steels, when used in plastic molding applications offer excellent machinability, polish ability, homogeneity, low Sulphur content and a good photo etching ability. They also exhibit better toughness and weldability than other counterparts. They also have a high material removal rate thus making them ideal for usage in high cavity designs. The rising demand for plastic molds is thus favoring the market growth of tool steels.

 

Asia Pacific emerged as the largest market in 2019 and this trend is expected to continue till the end of the forecast period. Rising demand for plastic molded products particularly from the automotive industry, improving economic conditions in countries such as India and China and the booming aerospace and automotive industry in the region are some of the factors contributing to the strong regional market growth.

 

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Continuous research and development resulting in the development of novel products has benefitted the overall industry growth. Companies have developed products that provide optimum performance, high precision, longer life while still providing cost savings. Companies are working in collaboration with their clients to understand their requirements to produce customized tool steels that are best suited for their applications. Some of the major market players include Voestalpine AG, Samuel, Son & Co., Eramet SA, QiLu Special Steel Co., Ltd, Hitachi Metals, Ltd., Baosteel Group, Hudson Tool Steel Corporation, Buderus Edelstahl GmbH, Schmiedewerke Gröditz, and Tiangong International Co., Ltd. Among others.

 

Specialty Generic Drugs Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The Global Specialty Generic Drugs Market Is Anticipated To Reach USD 190.9 Billion By 2025 According To A New Study Published By Polaris Market Research. Specialty Generics Drugs Are The Generic Forms Of Pharmacological Drugs. These Drugs Are Economically Cheaper In Contrast To Branded Drugs. Even So, Development And Commercialization Of Specialty Generics Drug Are More Complex When Compared With Conventional Generics Drugs. Companies Are Entering Into Specialty Generic Drugs Market To Manufacture Generic Forms Of The Products By Forming New Drug Formulations. In Addition, Global Capacity Of Conventional Or Traditional Generics Drugs Market Is Also Forcing Companies To Seek Newer Opportunities.

 

Increase In The Number Of Off-Patent Specialty Drugs Is Factor Estimated To Form The Lucrative Growth In Specialty Generic Drugs Market. For Instance, The Patent For Novartis Drug Gilenya Is Estimated To Expire In 2019. This Drug Has Made Approximately 14% Sales Growth Of Novartis. Such Early Patent Expirations Are Expected To Boost The Global Market Growth. In Addition, The Rise In The Number Of People Suffering Cancer Is Anticipated To Bolster The Global Market Growth. According To World Health Organization (WHO) 2015, Approximately 160,000 Individuals In The U.S. Were Filed To Have Various Cancers. Thus, With The High Prevalence Of Cancer Case Requiring Drugs Are Anticipated To Increase The Global Specialty Generic Drugs Market Growth.

 

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North America Is The Highest Spending Region In Healthcare, Yet, This Region Started To Put Cutting Healthcare Expenditure. The Current Economic & Financial Crisis And The Existence Of A High Geriatric Population Are Some Of The Key Reasons For The Cost Cut In Healthcare Infrastructure Over This Region. This Creates The Need For Developing Novel, Enhanced, And Economic Methods For Production Of Specialty Generics Drugs. This Factor Is Further Anticipated Boost The Global Specialty Generic Drugs Market In The Forecast Period.

  

The Global Specialty Generic Drugs Market Is Segmented On The Basis Of Application, Route Of Administration, Distribution Channel, And Region. On The Basis Of Application, The Global Specialty Generic Drugs Market Is Segmented Into Oncology, Infectious Diseases, Multiple Sclerosis, Hepatitis C, And Others. Based On The Application The Oncology Segment Dominated The Global Market In 2017. Increased Prevalence Of Cancer, Such As Melanoma, Lung Cancer, Breast Cancer, Leukemia, Prostate Cancer, And Colon Cancer Has Directed To Rise In Demand For Generic Specialty Drugs Globally. According To International Agency For Research On Cancer (IARC), 2012, Globally Approximately 14 Million Cancer Cases Were Diagnosed, And This Number Is Projected To Rise During The Upcoming Period. Thus, With The Increasing Prevalence, There Is The Huge Demand For Low-Cost Generics Drugs That Are Less Expensive And Highly Effective In Comparison To Branded Drugs.

 

On The Basis Of Route Of Administration, The Global Market Is Categorized Into Oral, Parenteral, Topical, Injectable, And Others. In 2017, The Injectable Segment Estimated For The Largest Market Share Majorly Owing To Benefits, Such As Long Duration Of Action, Immediate Dose Distribution, And Quick Absorption. On The Basis Of The Distribution Channel, The Global Specialty Generic Drugs Market Is Segmented Into Retail Pharmacies, Hospital Pharmacies, And Online Pharmacies. In 2017, Hospital Pharmacy Is Estimated To Share The Major Market Globally As These Specialty Drugs Are Highly Compound, Expensive, And Required To Be Handled Very Carefully. Thus, These Drugs Are Generally Distributed By Manufacturers Through Hospital Pharmacies.

 

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Some Of The Major Key Players Operating In Global Specialty Generic Drugs Market Are Mylan N.V., Teva Pharmaceuticals USA, Inc., Sandoz International Gmbh, Mallinckrodt, Akorn Inc., Valeant Pharmaceuticals International Inc., Endo Pharmaceuticals Inc. Pfizer Inc., Sun Pharmaceutical Industries Ltd., And Apotex Corp. Among Others

 

Polymer Gel Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 According to a new research published by Polaris Market Research the worldwide Polymer Gel Market is anticipated to reach around USD 8,836 million by 2026. In 2017, the personal care segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global polymer gel market.

 

The use of polymer gel in wide applications such as personal care, healthcare, agriculture, pharmaceutical, and construction among others majorly drives the growth of this market. Growing awareness regarding personal care and increasing disposable income, especially in developing regions boost the growth of the. The consumers are increasingly using products such as contact lenses, cosmetics, and personal care products, thereby augmenting the growth of polymer gel market. Technological advancements and increasing applications in pharmaceuticals and healthcare sectors would provide growth opportunities in the future. New emerging markets, emerging consumer demographics, and technological advancements would provide growth opportunities for polymer gel market in the coming years.

 

 

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Asia-pacific is expected to lead the global polymer gel market during the forecast period. A significant rise in the infant and geriatric population has been registered over the past few years, boosting the growth of polymer gel market. Increasing awareness personal care and hygiene, and rising disposable incomes in developing countries of this region augment the market growth in the region. Increasing application of polymer gel in healthcare and pharmaceutical also supports growth in this region. Use of polymer gel in agriculture, construction, and waste treatment further increases the demand of polymer gel in Asia-Pacific. Polymer gels are increasingly being used in manufacturing robotic actuators and artificial muscles. The increasing need of automation in manufacturing and other industries in the region drive the growth of robotics, thereby strengthening the market of polymer gel. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

 

The personal care segment is expected to lead the market during the forecast period owing to wide applications in the industry. Polymer gel is used in diapers and female hygiene products owing to their high absorbing properties. Polymer gel is also used in cosmetics and contact lenses. Increasing   disposable income and rising awareness regarding personal hygiene boosts the growth of the market.

 

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 The well-known companies profiled in the report include LG Chemicals Ltd., Chemtex Specialty Limited, BASF Corporation, Evonik Industries, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Sumitomo Seika Chemicals Co., Ltd, Ma’s Group Inc., and Dow Chemicals 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.

 

Automotive Collision Repair Market Analysis, Impact of COVID-19 on Sales, Business Opportunities in 2021

 Global Automotive Collision Repair Industry: Set to Witness Huge Growth by 2028

The global automotive collision repair market size is anticipated to reach USD 219.62 billion by 2026 according to a new report published by Polaris Market Research. The report “Automotive Collision Repair Market Size, Share & Trends Analysis Report By Product (Paints and Coatings, Consumables, Spare Parts); By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheeler); By End-Use; By Region, Segments & Forecast, 2019 – 2026” provides current market insights and future market trends.

 

In 2018, spare parts segment dominated the global market, in terms of revenue. In 2018, Europe accounted for majority share in global market. The market requires advanced protective materials which also meets the stylized highlights of the automobile. The quickly propelling paints and coatings innovation supports the market development. The organizations are under critical pressure to stiffen safety standards and guidelines and damages to vehicles which further aid market growth. The copious growth of hybrid and electric vehicles will offer market opportunities to growth during forecast period. Digitalization of automotive repair and collision services also supports market growth.

 

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In 2018, Europe accounted for highest share of market revenue in global automotive collision repair market. The prime factors driving growth in the region include an established automotive industry, technological finesses and copious investments in R&D. Strict regulations responsible for vehicular safety and emissions accelerate growth in market. The rising safety concerns, unending list of accidents, introduction of driverless cars and car beautifications and ramp-up further increases the market growth in the region. The rise in driverless cars and a spurt in demand for electric vehicles increase the demand for market. With increasing sales and aging of vehicles globally, market is set to grow.

 

The global automotive collision repair market is segmented on the basis of product, vehicle type, end-use and geography. Based on product, the market is segmented into paints and coatings, consumables and spare parts. Spare parts accounted for highest share in market in 2017 owing to spate of road accidents on the road. The quickly propelling paints and coatings innovation which bend over to the desires for most recent defensive car material and done-up requests is the key explanation behind paints and coatings section development. Paints and Coatings are required to achieve expanded selection in high volume displays over the estimation time frame owing to overwhelming environment concerns relating to use of harmful synthetic coatings and refinishing materials.

 

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The vendors are introducing new products to meet rising customer desires. In addition, the leaders are acquiring and collaborating with top companies in the market to enhance their offerings and expand customer base. The leading players in the market include Denso Corporation, Continental AG, 3M, Honeywell International, Inc., DuPont, BASF, Johnson Controls, Inc., ZF Friedrichshafen, Robert Bosch GmbH, Federal-Mogul LLC, Automotive Technology Products LLC, Caliber Collision and Henkel AG&Co., KGaA.

 

Polaris Market research has segmented the automotive collision repair market report on the basis of product type, vehicle type, end-use and region.

• Automotive Collision Repair Product Outlook (Revenue, USD Billion, 2015 – 2026)
  • Paints and Coatings
  • Consumables
  • Spare Parts
• Automotive Collision Repair Vehicle Type Outlook (Revenue, USD Billion, 2015 – 2026)
  • Passenger Vehicle
  • Commercial vehicle
  • Two-wheelers
• Automotive Collision Repair End-use Outlook (Revenue, USD Billion, 2015 – 2026)
  • OEMs
  • Aftermarket
  • Others
• Automotive Collision Repair Regional Outlook (Revenue, USD Billion, 2015 – 2026)
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • India
    • China
    • Japan
  • Latin America
    • Mexico
    • Brazil
  • MEA

High Purity Alumina Market Is Expected to See Huge Growth. Latest Research Report

 The global high purity alumina market is expected to reach USD 7.20 billion by 2026 according to a new study published by Polaris Market Research.

 

The leading players operating in the high purity alumina market globally are Altech Chemicals limited, Sumitomo Chemicals Co. Ltd., Nippon Light Metal, Alcoa Inc., Baikowski Pure Solutions, Orbite Technologies Inc., and Polar Sapphire Ltd. among others.

 

The global high purity alumina market has been divided based on purity level, application, and technology. Considering the purity level, the market is classified into 4N, 5N, and 6N. It is the 4N level of purity held the largest market share in the market followed by 5N and 6N. The enormous application of the lithium-ion batteries where the 4N purity level of alumina is maintained has resulted in the segment holding the largest market share of more than 40% and will continue to maintain its dominance in the forecast period of 2018-2026.

 

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On the basis of application, the high purity alumina market comprises of semiconductors, sapphire, phosphorus, and electronic display among others. Here the electronic display held the largest market share which can be contributed to the huge demand for LED-based electronics globally. Moreover, the LED is more environment-friendly and sustainable that has led to the government pushing the application of LED making it one if the fastest growing technology globally.

 

The market for high purity alumina is also bifurcated by technology into hydrolysis, and HCL based. It is the hydrolysis segment that held the largest market share because of its feasibility and lower operational cost. The HCL based technology still is at a nascent stage and needs more time to get commercialized.

 

A few major driving factors for the high purity alumina market are growing demand for high-resolution electronics like television and smartphones that use high purity alumina for better display. Moreover, the rise in demand for smart wearables and other technological devices that uses LED is further having a positive impact and driving the market for high purity alumina globally. Among the regions, Asia-Pacific is expected to hold the largest market share in the global high purity alumina market over the forecast period of 2018-2026, followed by North America and Europe.

 

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Some of the major business strategies adopted by companies operating in the high purity alumina market are innovations in product and technology, geographical expansion, and mergers & acquisitions among others. For example, Altech Chemicals Ltd formerly known as Australian Minerals and Mining Group Ltd that is working on a reaction of a relatively low impurity kaolin that is 1.4% Fe2 O3 +TiO2 with HCL acid for producing 4N HPA in a 4,000 tonnes pa capacity plant. In addition to this, Orbite Aluminae Inc. formerly known as Exploration Orbite V.S.P.A. Inc has been working on the completion of 3 tonnes/day 5N high purity alumina production plant that utilizes HCL acid extraction from the aluminous clay.

 

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Robotic Process Automation Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The robotic Process Automation (RPA) market size is anticipated to reach USD 8,781.2 million by 2026 growing at a CAGR of 29.5%. Requirement of businesses to eliminate human errors due to manual interference in processes along with reduction in time consumption are factors responsible for positively influencing the adoption rate of RPA technology.

 

Previously artificial intelligence and robotic process automation were largely considered to be different technologies. But, with advancements in the offerings it is observed these technologies are complimenting each other in terms of handling processes. It enables organizations in processing huge volumes of data and in providing support for better decision making. Cognitive computing which covers wide array of areas including adaptive learning, speech recognition, and pattern identification is integrated in robotic process automation (RPA) solutions to transform and automate crucial business processes of organizations across multiple industry verticals.

 

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The major key players operating in the robotic process automation (RPA) market include Blue Prism Group Plc (UK), Celaton Ltd. (UK), Softomotive (UK), Kofax Ltd. (U.S.), Xerox Corporation (U.S.), Automation Anywhere Inc. (U.S.), Ipsoft, Inc. (U.S.), UiPath (U.S.), Verint Systems Inc. (U.S.), Pegasystems Inc. (U.S.), Redwood Software (Netherlands), Daythree Business Services sdn bhd (Malaysia), and Kryon Systems (Israel).

 

 

The potential of achieving robust ROI from deployment of RPA completely dependent on the organizational requirements and business processes which are to be automated. In the near future, the market is expected to witness growing base of RPA vendors as they target to gain revenue share from this expanding market. This is expected through introduction of solutions which will cater to the rising need to automate business process management processes. Furthermore, the adoption is expected to intensify as the prices of RPA deployment are continually witnessing a declining trend. Moreover, this technology adoption provides organizations the capability to accomplish better outcomes from their process with benefits including reduction in costs, improved accuracy, and better compliance.

 

However, factors like reluctance in the transition phase from conventional business process to automation along with shortage in technical expertise required during deployment and integration of RPA solution are challenges which might affect the growth in this market. roThis market report includes insights with market size and forecast by process, by operation, by type, by industry, and by organization size. Analysis for each region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) is provided for all segmentation of the robotic process automation market research report.

 

North America is expected to be largest regional market while Asia Pacific regional market is expected to witness significant growth during the forecast period of 2018 to 2026. The region’s leading position is attributed to significant demand and preference of the BFSI industry vertical towards automation of business processes. Furthermore, presence of established and major players in North America region and availability of infrastructure for effective adoption of RPA is another factor responsible for the boost in adoption of robotic process automation solutions.

 

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European region is expected to witness growth in this market as the region has a presence of significant amount of companies in the manufacturing and logistics sector. Adoption of RPA technology provides the capability to streamline pickup and drop operations. This eventually leads to reduction in cycle time ultimately resulting in enhanced customer experience.

Biochar Market Is Expected to See Huge Growth. Latest Research Report

 The global biochar market is estimated to reach USD 3.23 billion by 2026 growing at a CAGR of 9.1% during the forecast period, according to a new study published by Polaris Market Research Biochar, a carbon rich product or a pyrogenic black carbon that has been attracting significant attention in both academic and political arenas. Much of the product’s attention is owing to its potential to mitigate the climate change, offer food security along with offering a solution for organic waste management.

Product application to soils has been gaining immense interest worldwide, owing to its potential to enhance soil capacity of nutrient retention and soil’s water holding capacity. Moreover, this also helps in sustainable storage of carbon thereby reducing greenhouse gas emissions.However, commercialization of biochar as a soil additive is yet to achieve its full potential among its primary users, the farmers. To make this happen, the industry participants manufacturing biochar are focused on arranging several programs in different geographical marketspaces to explicitly educate farmers.

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Farming methods including mixing the product with seeds and fertilizers, uniform mixing with soil, applying through no till systems deep banding of soil with plow, hoeing into ground, top-dressed, applying char and compost on raised beds. However, the type of application of biochar to soil depends on farming system, labor and available machinery. These types of methods are promoted and increasing use of such methods among farmers will boost product application and henceforth its overall demand.

Biochar retains its potential to control/mitigate climate change owing to its inherent fixed carbon in the raw biomass, which would otherwise degrade to the greenhouse gases and sequestered within the soil for years. The product acts as tool for soil amendment owing to its beneficial impact on cation exchange that leads to higher water holding capacity and greater soil pH, and an affinity for macro and micro plant nutrients.

Although biochar applications have been increasing owing to its great agricultural and environmental contributions, there are also controversial restraining factors of the product. Cutting of timber, a major feedstock of biochar is the primary concern which might lead to complete deforestation and eventually threaten the food security. As this could compromise on the amount of rainfall useful for agriculture. Hence, to avoid this industry participants and government organizations are focused on producing it from saw dust, waste wood, rice husk, rice straw, empty bunches of fruit etc.

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The global biochar market is a moderately growing sector and numerous companies participate in the marketspace from different phase of the industry value chain. Some of the leading participants include BlackCarbon A/S , Biochar Industries, Swiss Biochar GmbH, Carbon Terra GmbH, Biochar Ireland, Sunriver Biochar, Pacific Biochar Benefit Corporation, Waste to Energy Solutions Inc., Airex Energy, Carbon Gold, Clean Fuels B.V., 3R ENVIRO TECH Group, Earth Systems PTY. LTD., ArSta Eco, Pacific Pyrolysis, Biochar Supreme, LLC, Phoenix Energy, The Biochar Company, Vega Biofuels, Inc., Cool Planet Energy Systems Inc., Biochar Products, Inc., Diacarbon Energy Inc., and Agri-Tech Producers, LLC.

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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