5G Smartphone Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 5G Smartphone Network | 2021 Scope of Current and Future Industry 

The global 5G Smartphone Market size is expected to grow at a CAGR of 122.7% from 2020 to 2027 according to a new study by Polaris Market Research. The report “5G Smartphone Market Share, Size, Trends, Industry Analysis Report, By Operating System (iOS, Android, Windows, Others); By Sales Channel (Online, Offline); By SIM Type (Single SIM, Multi SIM); By End User (B2B, B2C); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for 5G smartphones in 2019 was 12.42 million units, however the market saw a precipitous decline in the average  selling price during Q1 of 2020 due to the COVID-19 pandemic as one of the major reasons and the price fall continued during Q2-2020. Another major reason of the decline was the low-priced Chinese 5G devices. However, the overall market is expected to bounce back during Q3 and Q4 of 2020 and is estimated to accelerate and grow during the forecast period. This also affected the average selling price of the 5G devices.

 

5G Smartphone are devices that support the fifth generation of mobile networking. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Theoretically, 5G is said to be 100 times faster than its predecessor, with estimated speeds up to 10 Gbps. Smartphones require 5G compatible sensors and receivers to support the additional speeds.

 

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The increasing demand for high speed internet for both small and large sized businesses and individuals for buffer-free streaming and the prominence of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, Disney+, etc. are the prominent factors responsible for this prolific growth.

 

On-demand content is being increasingly preferred by the younger generation, and the advent of 5G Smartphone will provide them with a tool for viewing high quality content on the go. High speed internet is required for providing a hassle-free streaming experience. Furthermore, with the growth of both residential and industrial IoT, smartphones will play the role of a personalized authentication device for enhanced security purposes.

 

Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Furthermore, government bodies around the globe are mulling over regulations pertaining to the user of 5G spectrum to speed up the adoption of 5G.

 

 

In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. The U.S. Federal Communications Commission (FCC), on the other hand, has amended the rules that govern equipment modification. New hardware can be installed on the existing poles to bring down the capital costs and speedup the deployment of 5G. Since 5G will be build mainly on the existing 4G infrastructure, the stakeholders will need to provide fool-proof strategies to ensure that the networks are capable of handling the additional data speed and connected devices.

 

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Apple Inc., Ericsson, China Mobile, Huawei Technologies Co. Ltd., Motorola, Inc., Lenovo Group Limited, BBK Electronics Corporation, Nokia, LG Electronics Inc., TCL Communication Limited, Xiaomi Corporation, Samsung Electronics Co., Ltd and Vivo Mobile Communication Co., Ltd. some of the key players operating in the market.

 

The 5G smartphone manufacturers are focusing on indirect sales channels to increase their unit sales. Xiomi, for instance, is bringing down its operational expenses by partnering with platforms such as Walmart and Amazon for 5G smartphone sales. Also, prominent players such as Samsung and BBK electronics are aggressively pursuing the mid-range smartphone segment to target the middle and upper echelons of the society.

 

Furthermore, the number of multi-SIM smartphone models are expected to increase in the coming years, as the manufacturers are promoting dual-network capability in smartphones. Samsung, for instance, supports dual-SIM technology in A51 5G smartphone, which was launched in April, 2020. These allow the consumers to use a local and a roaming SIM in the same device during international travel.

 

Polaris Market research has segmented the 5G Smartphone market report on the basis of operating system, sales channel, sim type, end user and region

5G Smartphone Operating System Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• iOS
• Android
• Windows
• Others

5G Smartphone Sales Channel Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• Online
• Offline

5G Smartphone SIM Type Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• Single SIM
• Multi SIM

5G Smartphone End User Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• B2B
• B2C

 

5G chipset Market Quantitative Assessment by Industry Analysis across the Value Chain

 5G chipset Network | 2021 Scope of Current and Future Industry 

The global 5G Chipset market size is expected to reach USD 28.79 billion by 2027 according to a new study by Polaris Market Research. 5G Chipset is a set of integrated circuits and its implementation is dependent upon several components & specifications. The telecom service providers are switching to 5G cellular networks which is highly depends on denser arrays of short sized antennas that offer ultra-high data speeds. Surge in usage of digital devices, in which mobile devices is being the preferred device through which customers can consume online media including audio and video streaming, file sharing applications, among others. However, it has been a compelling factor to adopt 5G technology for higher consistency & lower latency in comparison to the previous technologies in the market.

 

Furthermore, the outbreak of COVID-19 has dramatically changed the prospects of the demand for 5G chipset in the market. In addition, several industrial verticals have jolted globally resulting in a significant slowdown of production and therefore, incorporating of 5G chipset & its demand has impacted in the market.

 

In 2019, the Sub-6 GHz segment accounted for the highest market share. The growing need for fast data networks capable of delivering higher bandwidth supports the growth of this segment. Increasing investments in development of 5G networks, along with technological advancement in telecommunication industry is expected to drive market growth during the forecast period. The increasing implementation of industrial internet of things, smart homes, and autonomous vehicles further supplement the growth of this segment.

 

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The end-users of 5G Chipset include healthcare, manufacturing, it and telecom, retail, automotive and transportation, consumer electronics, energy and utilities, and others. The consumer electronics segment accounted for a significant share in 2019 owing to growing adoption of smart phones and other mobile devices, rising disposable income, and introduction of low-cost smartphones. The demand from the automotive sector is expected to increase during the forecast period. Increasing development of connected cars, and investments in research and development of smart and self-driving cars boosts the market growth. Use of 5G and IoT in transportation sector for fleet management, parking management, logistics management, and automotive analytics result in improved traffic management, optimized fuel usage, and efficient travel routes.

 

The demand for application-specific integrated circuits is expected to be high during the forecast period. The increasing adoption of 5G chipsets enables businesses to connect devices to the internet at a growing pace. Large amounts of data generation coupled with analytics capabilities is expected to generate insights and automate processes at workplaces and businesses, driving the growth of this segment. The adoption of 5G chipsets would provide a more connected and smarter world, enabling high speed data services, increased productivity, and improved overall efficiency. These circuits enable collaboration between connected industrial ecosystems, humans, and machines leading to greater productivity and more engaging work experiences.

 

Asia-Pacific accounted for a significant share of the global 5G chipset market in 2019. The rising adoption of smart technologies, IoT, automation, and artificial intelligence across industries such as retail, healthcare, transportation, and manufacturing boost the market growth in Asia-Pacific. Growing population, rising penetration of mobile device, and integration of smart technologies for increased operational efficiency supports market growth. There have been have significant investments in development of 5G enabled networks to support the emerging industries such as telecommunication, automotive, and energy & utilities in the region.

 

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Increased demand for smart manufacturing & adoption of 5G chipset components mainly in emerging economies such as China, Japan, and India are fueling the market growth over the forecast period. Moreover, the development of the manufacturing industry in order to enhance the overall productivity and automating their production lines by deploying various digitalization solutions. Therefore, the demand for 5G chipset in the manufacturing processes are becoming major growth factor over the forecast period.

 

Some of the major market participants include Texas Instruments Inc., Cavium Inc., Anokiwave Inc., Samsung Electronics Co., Ltd., IBM Corporation, Infineon Technologies AG, Nokia Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., Broadcom Inc., Qualcomm Incorporated, Qorvo, Inc., Unisoc Communications, Inc., Integrated Device Technology, Intel Corporation, Renesas Electronics Corporation, NXP Semiconductors NV, and Analog Devices Inc.

 

Key players in the market are focusing on launching new products & developing existing offering and have adopted various strategies to expand their foothold in the market. For instance, Nokia and Broadcom has collaborated on the development of silicon technology processor by expanding range of 5G ReefShark chipsets portfolio. Power consumption is also reduced in ReefShark chipsets. Recently, Taiwanese based chipmaker MediaTek Inc. launched Dimensity 720 5G chipset fully integrated into 7 nm SoCs (system-on-chips) for premium 5G experience for mid-range smartphones while supports both standalone and non-standalone sub-6GHz networks. Owing to technological advancements, and growing need to improve secure communication, companies operating in the market are collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry.

 

Read : https://www.marketwatch.com/press-release/5g-chipset-market-size-is-predicted-to-reach-2879-billion-by-2027-cagr-476-polaris-market-research-2020-09-09

Alkyl polyglucoside Market 2021 Scenario, Strategies, Growth Factors and Forecast 2028

 Alkyl polyglucoside Network | 2021 Scope of Current and Future Industry 

The global alkyl polyglucoside market size is expected to reach USD 1,844.4 million by 2027 according to a new study by Polaris Market Research. The report “Alkyl Polyglucoside Market Share, Size, Trends, Industry Analysis Report, By Product (Coco, Lauryl, Decyl, Capryl); By Functionality (Cleansing Agent, Emulsifying Agent, Wetting Agent, Degreasing Agent, Solubilizing Agent, Hydrotope, Foaming Agent); By Application; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Alkyl polyglucosides are non-ionic surfactants that are produced from vegetable oils. They are bio-degradable and used in a variety of applications such as cosmetics and industrial. They are typically derived from glucose and fatty alcohols. Alkyl polyglucosides are largely used to enhance foam formation in detergents. Consumer awareness is growing, wherein they need to know the ingredients present in the products, as a result, in reference to surfactants, this is an opportunity for the formulators and manufacturers to make a compelling case for themselves and the products. The sulfate-free shampoo product segment is well-established and populated by companies such as L’Oreal which evidently shows that the demand for green products is increasing.

 

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Key companies involved in the manufacturing of alkyl polyglucosides are largely focusing on expanding their production capacities to cater to the growing demand across the globe. In addition, alkyl polyglucosides have replaced petroleum-based surfactants in several end-use applications, thus creating gaps in the supply and demand equation. Participants involved in the production of alkyl polyglucosides are focusing on setting up production plants at strategic locations to enhance their sales output. For instance, BASF is expanded their alkyl polyglucoside production capacity by initiating two production expansion projects in Jinshan (China) and Cincinnati (Ohio).

 

Market participants include Croda International PLC, BASF SE, Huntsman Corporation, Dow Chemical Company, Akzo Nobel NV, SEPPIC S.A., LG Household & Health Care Ltd., Galaxy Surfactants, Pilot Chemical Company, and Shanghai Fine Chemical Co Ltd. In September 2019, BASF showcased new data and proof of concept for the alkyl polyglucosides as a natural thickening agent. These formulations would be used in the company’s body wash and shampoo segments.

 

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Polaris Market Research has segmented the alkyl polyglucoside market report on the basis of product, functionality, application, and region

Alkyl Polyglucoside, Product Outlook (Revenue – USD Million, 2016 – 2027)

• Coco
• Lauryl
• Decyl
• Capryl
• Others

Alkyl Polyglucoside, Functionality Outlook (Revenue – USD Million, 2016 – 2027)

• Cleansing Agent
• Emulsifying Agent
• Wetting Agent
• Degreasing Agent
• Solubilizing Agent
• Hydrotope
• Foaming Agent
• Others

Alkyl Polyglucoside, Application Outlook (Revenue – USD Million, 2016 – 2027)

• Homecare
• Surface Cleaners
• Dishwashing Detergent
• Laundry Detergents
• Others
• Personal Care
• Bath Products
• Cleansers & Wipes
• Oral Care
• Others
• Industrial & Institutional Cleaners
• Agricultural Chemicals
• Oil Fields
• Admixtures for Cement, Concrete & Plaster
• Others

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True Wireless Earbuds Market Quantitative Assessment by Industry Analysis across the Value Chain

 True Wireless Earbuds Network | 2021 Scope of Current and Future Industry 

The global true wireless earbuds market size is expected to reach USD 14.51 billion by 2028 according to a new study by Polaris Market Research. The report “True Wireless Earbuds Market Share, Size, Trends, Industry Analysis Report, By Distribution Channel (Retail Offline Stores, Online Platforms); By End-Use (Consumer, Commercial, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for true wireless earbuds is expected to grow during the forecast period owing to high growth in the adoption of mobile devices such as smartphones, laptops, tablets, digital TVs, and others. There has been increasing use of these earbuds in the commercial sector, sports, and in-vehicle communication further boosting the market growth for true wireless earbuds.

 

Increasing disposable income of consumers has resulted in improved lifestyles and standards of living, increasing the demand further. A rise in the number of streaming services such as Spotify, Pandora, and Deezer, a growing need for mobility in communication services, and multi-room streaming has increased the demand for true wireless earbuds.

 

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On the basis of distribution channel, the market for true wireless earbuds is segmented into retail offline stores and online platforms. In 2020, the retail offline stores segment accounted for a significant share. However, the online platforms are expected to grow significantly during the forecast period. A large variety of branded, as well as local players, offer their products through online platforms with attractive offers and discounts.

 

 

Increased internet penetration, easy payment options, marketing campaigns targeting the youth, and timely delivery is anticipated to fuel the growth of online sales channel. Market leaders are gradually taking the initiative to set up their online portals for sales.

 

On the basis of end-user, the market for true wireless earbuds is segmented into consumer, commercial, and others. The demand for true wireless earbuds is expected to increase from the commercial sector during the forecast period.  The earbuds are being used in the commercial sector in various industries such as corporate offices, call centers, education, sports, and entertainment, among others. They are increasingly being used during news broadcasting, conferences, and meetings for enhanced convenience, mobility, easy connectivity, and user experience.

 

Asia Pacific is expected to experience significant growth during the forecast period. Increasing population, urbanization, and rising disposable income of consumers drive the growth in the region. Market players are launching cost-effective and technologically advanced true wireless earbuds to cater to growing consumer demands in the region.

 

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An increase in media consumption, rise in the adoption of smart devices such as mobiles, tablets, PC, laptops, and others also influence the growth in the region. Also, constant upgrades in advanced technologies, strengthening economic conditions, and rapid commercialization are factors expected to offer growth opportunities for true wireless earbuds during the forecast period.

Owing to technological advancements, companies are developing low-cost true wireless earbuds to cater to the growing needs of customers and improve market share. Broadening of the product portfolio is another trend that is visible in the industry.

 

Some of the major market participants include Sony, Apple, Beats, Jabra, Sennheiser, SoundMAGIC, Amazon, Cambridge Audio, Master & Dynamic, JBL, Lypertek, Bang & Olufsen, Audio-Technica, Anker, Klipsch Audio Technologies, and Jaybird.

 

Polaris Market research has segmented the true wireless earbuds market report on the basis of distribution channel, end-use and region: 

True Wireless Earbuds Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)

• Retail Offline Stores
• Online Platforms

True Wireless Earbuds End-Use Outlook (Revenue, USD Million, 2016 – 2028)

• Consumer
• Commercial
• Others

 

Industrial Lubricants Market Quantitative Assessment by Industry Analysis across the Value Chain

 Industrial Lubricants Network | 2021 Scope of Current and Future Industry 

The global industrial lubricants market size is expected to reach USD 84.33 billion by 2028 according to a new study by Polaris Market Research. The report “Industrial Lubricants Market Share, Size, Trends, Industry Analysis Report, By Product (Metalworking Fluids, Industrial Engine Oils, Process Oils, General Industrial Oils), By Application (Metalworking, Textiles, Energy, Chemical Manufacturing, Food Processing, Hydraulics); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Growing production capacities across the globe with high pace industrialization is the key element driving the market for industrial lubricants. A surge in demand for package food among the youth population has compelled large manufacturing and logistic facilities to implement automation to fulfil the need and this is anticipated to contribute to market growth for lubricants over the coming years.

 

End-user industries such as mining, unconventional energy, and chemicals are witnessing growth with industrialization and automation which contributes a large share in the consumption of industrial lubricant and will further contribute to the market growth for lubricants across the globe.

 

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Asia Pacific lubricants market dominated the market in the year 2020 owing to increasing demand for oilfield chemical which is used in exploration and drilling. The Asia Pacific region is also expected to show market growth for lubricants over the coming years with the advancement of the end-user industries in developing economies.

 

Process oil was the leading product in the year 2020 and has the potential to further dominate the market due to the high market demand for textile industries. In the application segment, chemical manufacturing was the largest contributor for the year 2020 owing to the high demand for industrial gaseous & fertilizers driving the demand for lubricants.

 

Key market players in the industrial lubricants industry are ExxonMobil Corp, The Lubrizol Corp., Phillips 66, Royal Dutch Shell, Amsoil, Inc., Bel-Ray Co., Inc., Lucas Oil Products, Inc., Kluber Lubrication, Chevron Corp, Valvoline International, Inc., Total S.A., Fuchs Group, Clariant, Quaker Chemical Corp, Houghton International Inc, Castrol, Blaser Swisslube Inc, Calumet Specialty Product Partners, L.P., Petronas Lubricant International. The market for lubricants is highly saturated and, several market players are focusing on developing new products and R&D to achieve a competitive edge.

 

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Polaris Market Research has segmented the industrial lubricants market report on the basis of product, application, and region:

 

Industrial Lubricants, Product Outlook (Revenue – USD Billion, 2016 – 2028)

• Metalworking Fluids
• Industrial Engine Oils
• Process Oils
• General Industrial Oils
• Other Industrial Lubricants

Industrial Lubricants, Application Outlook (Revenue – USD Billion, 2016 – 2028)

• Metalworking
  • Industrial Heat Exchangers
  • Metal Forming
  • Metal Cutting
  • Metal Joining
  • Metalworking Electronics
  • Other Metalworking Applications
• Textiles
  • Textile Weaving
  • Non-woven Textiles
  • Textile Finishing
  • Textile Composites
  • Other Textile Applications
• Energy
  • Transformers
  • Pipelines
  • Liquefied Natural Gas (LNG)
  • Ocean Energy
  • Other Energy Applications
• Chemical Manufacturing
  • Industrial gases
  • Fertilizers
  • Polymers
  • Other Chemicals Manufacturing
• Food Processing
  • Beverages
  • Frozen Food
  • Canned Food
  • Processed Potatoes
  • Bakery
  • Cocoa & Chocolate
  • Other Food Applications
• Hydraulic
  • Compressors
  • Bearings
  • Other Hydraulic Applications

Polyurethane foam Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

 The global polyurethane foam market size is expected to reach USD 110.4 billion by 2028 according to a new study by Polaris Market Research. The report Polyurethane Foam Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Automotive, Packaging, Electrical & Electronics, Furniture & Furnishing, Building & Construction, Footwear, Others); By Density Composition; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The adoption of the foam is expected to increase during the forecast period owing to wide applications in industries such as building and construction, automotive, packaging, and furniture among others. Increasing environmental concerns associated with energy conservation coupled with the introduction of stringent regulations regarding carbon emissions would further support the market growth. Increasing demand for modernized and high-performing vehicles along with increasing investment in the construction industry, especially in emerging economies of Asia-Pacific, supplement the market growth.

 

The different types of polyurethane foam in the market include rigid, flexible, spray, and others. Rigid ones are used for the manufacturing of thermal insulating products owing to their high strength, lightweight, low density, and moisture resistance. The rising environmental concerns have increased the adoption of polyurethane foam in the construction sector. Use of rigid polyurethane foam results in enhanced energy efficiency, reduced project weight, and cost-efficiency.

 

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The polyurethane foam of different density compositions such as high-density, medium-density, and low-density are available in the market. Low-density product is widely used in thermal insulation applications. Buildings are insulated with low-density products for heat and noise control. It also assists in reducing air leakage, increasing strength and durability, and improving the building’s resistance to wind uplift.

 

Polyurethane foam is used in diverse industries such as automotive, packaging, electrical and electronics, furniture and furnishing, building and construction, footwear, and others. The building and construction segment accounted for the highest share in 2020. However, the automotive segment is expected to grow at a significant rate during the forecast period.

 

The use of the polyurethane product in the vehicle body increases durability and strength while reducing overall weight, thereby offering insulation against heat and noise. The use of polyurethane foam in seats, armrests, headrests, doors, and windows provides improved comfort, enhanced safety, greater environmental performance, and higher energy efficiency.

 

Asia Pacific dominated the global market for polyurethane foam in 2020 and is expected to maintain its dominance over the forecast period. Increasing application in sealing and insulation of electronic products coupled with rising awareness regarding the adoption of electric vehicles fuels growth in this region. Rising industrial growth, urbanization, and growth in the automotive sector support market growth.

 

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Increasing applications in construction and packaging industries further increase the demand for polyurethane foam in Asia-Pacific. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry.

 

Some of the major market participants include DowDuPont, Eurofoam Group, Saint-Gobain S.A., Woodbridge Group, Evonik, Bayer AG, LyondellBasell Industries, BASF SE, Arkema S.A., Rogers Corporation, Sekisui Chemical Co. Ltd., Foamcraft, Inc., Ineos Group AG, UFP Technologies, Inc., Chemtura Corporation, Covestro AG, Nitto Denko Corporation, and Nippon Polyurethane Industry Co., Ltd.

 

Polaris Market Research has segmented the polyurethane foam market report on the basis of product type, end-use, density composition, and region: 

 

Polyurethane Foam Product Type Outlook (Volume – Kilo Tons; Revenue – USD Million; 2016 – 2028)

• Rigid
• Flexible
• Spray
• Others

Polyurethane Foam End-Use Outlook (Volume – Kilo Tons; Revenue – USD Million; 2016 – 2028)

• Automotive
• Packaging
• Electrical & Electronics
• Furniture & Furnishing
• Building & Construction
• Footwear
• Others

Polyurethane Foam Density Composition Outlook (Volume – Kilo Tons; Revenue – USD Million; 2016 – 2028)

• High-Density
• Medium-Density
• Low-Density

 

Automotive Battery Thermal Management System Market 2021 Key Stakeholders, Industry Association 2027

 The worldwide Automotive Battery Thermal Management System Market is anticipated to reach around USD 5.4 billion by 2026, according to a new research published by Polaris Market Research. The passenger car dominated the global Automotive Battery Thermal Management System market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global automotive battery thermal management system market.

 

The significant increase in demand for electric vehicles, and rising need to improve battery performance and efficiency of electric vehicles boosts the demand for automotive battery thermal management system. The awareness regarding use of electric vehicles has increased significantly, especially in the Asia-Pacific region. The increasing awareness among consumers regarding use of eco-friendly vehicles coupled with rising adoption of advanced Lithium-Ion batteries fuels the growth of the automotive battery thermal management system market. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for automotive battery thermal management system market in the coming years.

 

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In 2017, Asia-Pacific accounted for the highest share in the global automotive battery thermal management system market. The growing demand for electric vehicles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive battery thermal management system systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions, and are offering subsidies and tax exemptions on purchase of electric vehicles, thereby fueling the growth of the market. The increasing economic growth, and increasing demand from countries such as China and India further increase the adoption of automotive battery thermal management systems in the region.

 

The companies operating in the automotive battery thermal management systems include Robert Bosch GmbH, Dana Incorporated, LG Chem., Calsonic Kansei Corporation, Continental AG, Gentherm Incorporated, VOSS Automotive, CapTherm Systems, Hanon Systems, and Mahle Behr GmbH. 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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Apheresis Equipment Market Size, SWOT Analysis, Emerging Trends and Forecast

 Apheresis Equipment Network | 2021 Scope of Current and Future Industry

The Global Apheresis Equipment Market Is Anticipated To Reach Over USD 5,351.17 Million By 2026 according to a new research published by Polaris Market Research

 

An apheresis apparatus is a device which collects blood that is detached from a donor’s or patient’s body and splits up it into its several constituents such as red blood cells, platelets, plasma, and white blood cells. Depending on the purpose for apheresis, one of these constituents is collected and isolated by the equipment, while the others components are reverted to the body.

 

Polaris Market Research’s report on apheresis equipment market spans more than 90 pages and includes more than 70 tables and figures. Browse the detailed table of contents for, “By Procedure Type (Plasmapheresis, Plateletpheresis, Leukapheresis, Lymphopheresis, Erythrocytapheresis); By Application (Blood Donation, Therapeutic Purpose); By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Blood Donation Centers); By Regions (North America – U.S., Canada; Europe – Germany, UK, France, Italy, Russia; Asia-Pacific – China, India, Japan, Australia; Latin America – Brazil, Mexico; Middle East & Africa – UAE, Saudi Arabia, South Africa)]: Market size & Forecast, 2017 – 2026” on 

 

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Some major key players in global apheresis equipment market include Haemonetics Corporation, Fresenius Kabi (Fenwal), Asahi Kasei Kuraray Medical Co. Ltd., Terumo BCT, Inc., HemaCare Corporation, Therakos, Inc. and B. Braun Melsungen AG among others.

 

Rising occurrence of blood-related ailments leading to the increase in demand for plasma and platelets is expected to serve the market as a high influence rendering driver. Moreover, the apheresis equipment market is driven by advancement in technology intended at delivering comparatively more rapid and effective results. Healthcare experts and researchers are now in the need for instruments that require minimum human involvement and institution of fully automatic apheresis equipment with improved displays is anticipated to augment the usage rates further bolstering the market growth.

 

The global apheresis equipment market is segmented on the basis of procedure type, application, end user, and geography. On the basis of procedure type, the global Apheresis Equipment Market is segmented into Plasmapheresis, Plateletpheresis, Leukapheresis, Lymphopheresis, and Erythrocytapheresis. In 2017, the Plasmapheresis is estimated to dominate the market growth. Increasing occurrence of blood-related diseases and rising demand for plasma-derived drugs are anticipated to serve as a primary growth driver of this segment. On the basis of application, the global apheresis equipment market is segmented into Blood Donation and Therapeutic Purpose. The therapeutic purpose is further categorized into Renal, Hematology, and Other Rare Diseases. On the basis of the end user, the global apheresis equipment market is segmented into hospitals, clinics, ambulatory surgical centers, and blood donation centers. On the basis of end users, the hospital segment is anticipated to dominate the market growth in 2017.

 

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On the basis of region, the global apheresis equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was projected to dominate the global apheresis equipment market. The domination is majorly owing to growing healthcare spending, the existence of a high number of market players, high donor awareness levels, and relatively higher number of Research & Development movements concerning to product manufacturing and marketing accomplishments in this region. However, Asia Pacific is expected to dominate the global apheresis equipment market. Growing amount of diverse types hematological ailments in this region is the major factor boosting the growth of apheresis equipment market during the forecast period.

 

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Intelligent Transport System Network Market Quantitative Assessment by Industry Analysis across the Value Chain

 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.