3D Cell Culture Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 3D Cell Culture Market Growth & Trends

The global 3D cell culture market size is expected to reach USD 3.48 billion by 2028 registering a CAGR of 10.7%, according to a new report by Grand View Research, Inc. The development of 3D optimized assays, kits, and protocols coupled with the evolution of assay techniques is anticipated to drive the three-dimensional cell culture market.

As 3-dimensional cultures have the capacity to closely mimic a typical morphology and microarchitecture of organs, these are continuously developed for the studies that require in vivo model systems to analyze the effect of a foreign drug over body tissues and organs. This, coupled with the availability of various choices in terms of material and structure of the scaffold for different in vitro applications, is anticipated to support revenue generation for scaffolds.

Recent researches have explored the use of a diverse range of scaffolds including graphene scaffolds, nanofibers, freeze-casting, natural marine collagen, and others. In addition, the application of lab-on-a-chip techniques in several assay types-proliferation, viability, stimulation, transport, patch clamping, high content screening, and metabolic activity-leads to a rise in demand for projects with advanced and efficient solutions.

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3D Cell Culture Market Report Highlights

• The scaffold-based technology segment is anticipated to register a lucrative year-on-year growth owing to rising demand for 3D model-based research coupled with an increased incidence of chronic diseases
• Moreover, the introduction of novel tools and techniques is anticipated to boost revenue generation in the scaffold-based technology segment
• Furthermore, companies, such as Tecan and Sigma-Aldrich, offer scaffold-based 3D solutions; which are readily adopted by the end users
• Cancer was the largest application segment of the market in 2020. This is because 3D cultures efficiently replicate the associated influences and complexity of in vivo tumor microenvironment including the impact of extracellular matrix and cell-to-cell contact
• Cells in 3-dimensional cultures help in the analysis of behavior and properties of the tumor, protein distribution, gene expression, and monitor response to anticancer therapies
• Potential scientific and clinical impacts of the 3D-cultivation approach for embryonic, adult, and cancer stem cells are estimated to boost the growth of the stem cell research segment
• Biotechnology and pharmaceutical organizations accounted for the largest share in 2020 owing to a rise in the adoption of 3D cell culture techniques in tissue engineering and drug discovery
• Combination of 3D cell culture techniques with Human-induced Pluripotent Stem Cells (HiPSCs) has been successfully used for the development and discovery of drugs for liver diseases
• North America led the market in 2020 owing to extensive usage of 3D cell culture models for medical research purposes
• In April 2020, a team of researchers from the University of Pittsburgh used Multicellular Tumor Spheroids (MCTSs) to assess drug responses in drug screening studies for oncology
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to rising investments by North American and European companies in APAC regional market
• The key market players focus on geographical expansions, partnerships, collaborations, acquisitions, and novel product launches to reinforce their market presence
• For instance, in December 2020, Curiteva, Inc. acquired FossiLabs, LLC. The latter has developed a process to fabricate scaffolding structures that promote osseointegration

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3D Cell Culture Market Segmentation

Grand View Research has segmented the global 3D cell culture market on the basis of technology, application, end use, and region:

3D Cell Culture Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Scaffold-based
  • Hydrogels
  • Polymeric Scaffolds
  • Micro-patterned Surface Microplates
  • Nanofiber-based Scaffolds
• Scaffold-free
  • Hanging Drop Microplates
  • Microfluidic 3D Cell Culture
  • Spheroid Microplates with ULA coating
  • Magnetic Levitation & 3D Bioprinting
• Bioreactors

3D Cell Culture Application Outlook (Revenue, USD Million, 2016 - 2028)

• Cancer
• Tissue Engineering & Immunohistochemistry
• Drug Development
• Stem Cell Research
• Others

3D Cell Culture End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Biotechnology and Pharmaceutical Industries
• Research Laboratories and Institutes
• Hospitals and Diagnostic Centers
• Others

3D Cell Culture Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• MEA
  • South Africa

List of Key Players of 3D Cell Culture Market

• Merck KGaA
• Thermo Fisher Scientific, Inc.
• PromoCell GmbH
• Greiner Bio One International GmbH
• Corning, Inc.
• 3D Biomatrix
• Lonza
• Avantor Performance Materials, LLC
• Tecan Trading AG
• 3D Biotek LLC
• Global Cell Solutions, Inc.
• InSphero

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

3D Bioprinting Market Will See Strong Expansion Through 2028: Grand View Research Inc.

 3D Bioprinting Market Growth & Trends

The global 3D bioprinting market size is expected to reach USD 4.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.8% from 2021 to 2028. Rising cases of COVID-19 and increasing prevalence of chronic diseases are some of the major factors contributing towards market growth.

The COVID-19 epidemic is ever increasing since it was first identified in China in December 2019. Until January 12, 2021, more than 91.5 million cases of COVID-19 were reported globally, with more than 1,956,880 deaths, across the globe. This pandemic has fast tracked the development of vaccine and drug testing. There are currently more than 50 COVID-19 vaccine candidates in trials.

In the meantime, various 3D bioprinting companies are focused on research and development of artificial tissues. With the help of U-FAB, and other bioprinting technologies, CLECELL company has created respiratory epithelium artificial tissue which will help to prevent infection and tissue injury through the use of the mucociliary elevator. This pandemic has not only affected the well-being of people, but has also affected the economy, and various other healthcare infrastructures worldwide. This has severely disrupted the medical devices and pharmaceutical supply chains across the world. In such critical situation, various 3D bioprinting companies have created a global movement to supply emergency medical equipment such as ventilators, and personal protection equipment (PPE), to the healthcare workers.

North America held the highest share of the market, accounting for about 32.4% of the market share in 2020. Increasing adoption of 3D bioprinting for the production of medical products is expected to be one of the major factors contributing to market growth in this region. Whereas, Asia Pacific is anticipated to witness technological developments in pharmaceutical and biopharmaceutical sectors.

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3D Bioprinting Market Report Highlights

• The medical segment accounted for the largest revenue share of 36.2% in 2020 due to the increasing investment made in R&D
• The magnetic levitation segment is anticipated to witness the highest CAGR of 17.0% over the forecast period due to technological development and increasing adoption of magnetic levitation technique by various innovators
• North America dominated the market in 2020 and accounted for the largest revenue share of 32.4%. Growing government expenditure on healthcare industry is one of the major factors driving the market

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3D Bioprinting Market Segmentation

Grand View Research has segmented the global 3D bioprinting market on the basis of technology, application, and region:

3D Bioprinting Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Inkjet-based
• Magnetic Levitation
• Syringe-based
• Laser-based
• Others

3D Bioprinting Application Outlook (Revenue, USD Million, 2016 - 2028)

• Medical
  • Tissue and organ generation
  • Medical pills
  • Prosthetics and implants
• Dental
• Biosensors
• Consumer/Personal Product Testing
• Bioinks
• Food and Animal Product

3D Bioprinting Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of 3D Bioprinting Market

• Envisiontec, Inc.
• Organovo Holdings, Inc.
• Inventia Life Science PTY LTD
• Poietis
• Vivax Bio, LLC
• Allevi
• Cyfuse Biomedical K.K.
• 3D Bioprinting Solutions
• Cellink Global
• Regemat 3D S.L.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

In Vitro Diagnostics Market Trends, Growth Prospects To 2027: Grand View Research Inc.

 In Vitro Diagnostics Market Growth & Trends

The global in vitro diagnostics market size is expected to reach USD 113.9 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.5% from 2021 to 2027. The growth is driven by the growing geriatric population and technological advancements in diagnostics that are supporting its adoption.

Technological advancements in terms of accuracy, portability, and cost-effectiveness are expected to be one of the high impact rendering drivers of this market. For instance, in June 2017, Agena Bioscience launched the MassARRAY system integrated with CHIP Prep Module in Europe. The system was marketed as a CE-IVD product under Directive 98/79/EC. Moreover, Real-Time Polymerase Chain Reaction (qPCR) is one of the fastest-growing application segments of the in vitro diagnostics (IVD) market.

The IVD market is highly competitive in nature. Consequently, manufacturers are required to improvise products in terms of specificity, accuracy, precision, speed, and other parameters, in order to gain an advantage over previously marketed products.

A steady rise in consumer awareness about diagnosing infectious diseases and increasing disease prevalence, especially in developing and under-developed countries, are driving the market penetration of the products. For instance, in February 2019, Abbott received CE Mark for DETERMINE HBSAG 2 test for detection and diagnosis of hepatitis B surface antigen.

Organizations promote funding to support R&D and product development exercises pertaining to clinical diagnostics. For instance, Vela Diagnostics received USD 225,000 as Biomedical Advanced Research and Development Authority (BARDA) fund to develop COVID-19 tests. Moreover, the introduction of the American Health Care Act of 2017 is expected to improve the healthcare of the U.S. Rising government initiatives pertaining to the importance of IVD will fuel market growth.

The presence of effective technologies such as molecular diagnostics is expected to reduce the threat of substitutes. Moreover, their contribution in the field of genetic testing is of paramount importance and, therefore, experience a low threat of substitutes. However, high prices of these tests are expected to encourage patients to shift to external substitutes.

Major players in the market are Roche Diagnostics; Becton Dickinson; Abbott Laboratories; Siemens; and bioMerieux, which are well-established. Therefore, local companies and new organizations have little scope to enter the market and ensure sustainability. However, companies such as Danaher Corporation and Hologic have successfully excelled in the market through mergers and acquisitions. The seed capital required is high.

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In Vitro Diagnostics Market Report Highlights

• Molecular diagnostics is expected to witness the fastest growth over the forecast period
• High use of reagents in IVD testing, high demand for over-the-counter diagnostic tests, and increase in adoption of these tests in nonmedical facilities, such as home, are some of the factors that are driving the growth, providing it a clinical advantage over other IVD tests
• Reagents held the largest market share in 2020 owing to the increasing demand for genetic testing and availability of technologically advanced cancer diagnostic tests in countries with unmet clinical needs, such as India and Middle East & Africa
• The growing availability of CE-IVD certified kits globally to diagnose and screen patients during epidemic situations is expected to boost the growth of reagents and instruments segments
• Key players are updating their range of testing options for qPCR instruments by undertaking R&D initiatives for the development of kits that target emerging diseases, or by entering into agreements with other kit manufacturing companies

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In Vitro Diagnostics Market Segmentation

Grand View Research has segmented the global in-vitro diagnostics market based on the product, technology, application, end-use, and region:

In Vitro Diagnostics Product Outlook (Revenue, USD Million, 2016 - 2027)

• Instruments
• Reagents
• Services

In Vitro Diagnostics Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Immunoassay
  • Instruments
  • Reagents
  • Services
• Hematology
  • Instruments
  • Reagents
  • Services
• Clinical Chemistry
  • Instruments
  • Reagents
  • Services
• Molecular Diagnostics
  • Instruments
  • Reagents
  • Services
• Coagulation
  • Instruments
  • Reagents
  • Services
• Microbiology
  • Instruments
  • Reagents
  • Services
• Others
  • Instruments
  • Reagents
  • Services

In Vitro Diagnostics Application Outlook (Revenue, USD Million, 2016 - 2027)

• Infectious Disease
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune Disease
• Drug testing
• Others

In Vitro Diagnostics End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Laboratories
• Home Care
• Others

In Vitro Diagnostics Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Argentina
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of In Vitro Diagnostics Market

• Abbott
• Danaher
• bioMérieux SA
• Bio-Rad Laboratories, Inc.
• Becton, Dickinson and Company
• Siemens Healthineers AG
• QIAGEN
• Quidel Corporation
• Hoffmann-La Roche AG
• Sysmex Corporation
• Charles River Laboratories International, Inc.
• Quest Diagnostics
• Agilent Technologies

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Biotechnology Market is Projected To Grow Moderately at 15.83% CAGR from 2021 to 2028: Grand View Research Inc.

 

Biotechnology Market Growth & Trends

The global biotechnology market size is expected to reach USD 2.44 trillion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.83% from 2021 to 2028. The factors driving the market include favorable government policies, the launch of new and advanced products, robust investment in the biotechnology sector, and rising demand for synthetic biology.

Robust funding through alliance investment in start-up biotechnology companies for adopting new and advanced products is contributing to market growth. For instance, in February 2021, Illumina, Inc. invested in nine new genomics companies through Illumina Accelerator in 4 start-ups in the U.K. and 5 start-ups in the U.S. The companies include MultiplAI Health LTD.; BiotaX Labs LTD.; Mitra Bio Limited; Broken String Biosciences Limited; Flightpath Biosciences, Inc.; Doloromics Inc.; Oshun Medical Inc.; Parallel Health Inc.; and Rubik Therapeutics, Inc. Illumina Accelerator is an initiative through which selected startups can access to seed investment, genomics expertise, and Illumina sequencing systems and reagents and seek business guidance.

The bioinformatics application segment is expected to expand at the fastest CAGR from 2021 to 2028 owing to the increasing adoption of these tools for analyzing complex sequencing data. By technology, nanobiotechnology is expected to expand at a lucrative growth rate of 16.8% over the forecast period owing to the growing focus on nanotechnologies for efficient drug delivery and increasing research using this technology.

Supportive government initiatives are significantly contributing to market growth. For instance, in September 2020, the Government of India supported research institutes in agriculture biotechnology, including organic farming. Since the last 3 years, around USD 42.67 million had been invested to support this endeavor.

Moreover, the emergence of the SARS-COV-2 infection is driving the market. Companies are developing new solutions for combating the pandemic situation. For instance, in December 2020, Thermo Fisher Scientific Inc. announced CE-marking for TaqPath COVID-19 that can be used to perform in-vitro diagnosis of SARS-CoV-2, respiratory syncytial virus (RSV) A/B, and influenza A/B infections. The new kit will help in the detection and differentiation between diseases that have similar clinical symptoms.

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Biotechnology Market Report Highlights

• The health application segment accounted for the largest share of 48.64% in 2020 owing to the COVID-19 impact, prevalence of diseases, increasing focus on the development of regenerative medicines, and improving healthcare infrastructure
• The DNA sequencing technology segment held the second-largest share in 2020 owing to its growing penetration in the development of precision medicines
• North America held the largest share of 44.19% in 2020. Companies operating in the region are launching advanced solutions to cater to the needs of the biotechnology industry
• For instance, in February 2021, Waters Corporation launched Waters ACQUITY PREMIER Solution. It is a next-generation liquid chromatography solution for improving analytical data quality
• Asia Pacific is expected to expand at the fastest CAGR of 16.8% from 2021 to 2028 owing to favorable government initiatives and changes in drug approval regulations in India and China

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Biotechnology Market Segmentation

Grand View Research has segmented the global biotechnology market on the basis of technology, application, and region:

Biotechnology Technology Outlook (Revenue, USD Billion, 2017 - 2028)

• Nanobiotechnology
• Tissue Engineering And Regeneration
• DNA Sequencing
• Cell-based Assays
• Fermentation
• PCR Technology
• Chromatography
• Others

Biotechnology Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Health
• Food & Agriculture
• Natural Resources & Environment
• Industrial Processing
• Bioinformatics
• Others

Biotechnology Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Spain
  • France
  • Italy
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Biotechnology Market

• AstraZeneca
• Gilead Sciences, Inc.  
• CELGENE CORPORATION
• Biogen
• Abbott
• Amgen Inc.
• Novo Nordisk A/S
• Merck & Co.
• Johnson & Johnson Services, Inc.
• Novartis AG
• Sanofi
• Hoffmann-La Roche Ltd.
• Pfizer, Inc.
• Lonza

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automotive Smart Display Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Automotive Smart Display Market Growth & Trends

The global automotive smart display market size is expected to reach USD 16.98 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.

The surge in demand for vehicle navigation and connectivity system in the automotive sector led to a growth in the usage of automotive visualization technology. The visualization technology has played a significant role in the advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent automakers, such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and BMW. Moreover, the technology is gaining prominence among automotive display suppliers with an uptick in demand for automotive in-vehicle infotainment solutions as well as display solutions. An increase in the sales of passenger vehicles equipped with smart displays and in-vehicle infotainment systems, coupled with features such as navigation, driver assistance, and real-time traffic monitoring, is expected to bolster the market growth over the forecast period.

Asia Pacific held the largest share in 2020 owing to the presence of several key players, such as Panasonic Corporation (Japan), Yazaki (Japan), and Nippon Seiki (Japan) in the region. The region is characterized by the presence of developed nations such as Japan and South Korea, along with emerging economies such as China and India. In recent years, the region has emerged as a hub for automobile production.

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Automotive Smart Display Market Report Highlights

• In terms of display size, the greater than 10" size segment is expected to register the highest CAGR of 9.2% from 2021 to 2028 owing to the increase in the number of semi-autonomous, autonomous, and electric cars
• Based on display technology, the TFT-LCD segment dominated the market in 2020 and is anticipated to maintain its lead the forecast period
• By application, the center stack segment accounted for the largest revenue share of over 40.0% in 2020. Technological developments in self-driving and connected cars are expected to propel the demand for center stack displays in vehicles
• Asia Pacific accounted for the largest revenue share in 2020. This is attributed to increased production and sales of passenger vehicles in the region

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Automotive Smart Display Market Segmentation

Grand View Research has segmented the global automotive smart display market on the basis of display size, display technology, application, and region:

Automotive Smart Display Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 5''
• 5''- 10''
• Greater than 10''

Automotive Smart Display Technology Outlook (Revenue, USD Billion, 2016 - 2028)

• LCD
• TFT-LCD
• OLED
• Others

Automotive Smart Display Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Digital Instrument Cluster
• Center Stack
• Head-up Display (HUD)
• Rear Seat Entertainment

Automotive Smart Display Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Automotive Smart Display Market

• Alps Alpine Co., Ltd.
• Continental AG
• Denso Corporation
• Hyundai Mobis
• Nippon Seiki Co., Ltd.
• Panasonic Corporation
• Pioneer Corporation
• Robert Bosch GmbH
• SAMSUNG (HARMAN International)
• Visteon Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Vegan Chocolate Confectionery Market Will Target Emerging Markets by 2028: Grand View Research Inc.

 Vegan Chocolate Confectionery Market Growth & Trends

The global vegan chocolate confectionery market size is expected to reach USD 1.41 billion by 2028, registering a CAGR of 14.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness about animal cruelty and the rise in environmental protection campaigns are expected to be the major factors contributing to the growth of the market. Vegan chocolate confectionery is popular among consumers following a flexitarian or vegan diet or consumers having lactose intolerance and other food allergies.

The molded bars product segment led the market and accounted for the highest revenue share in 2020. Bar chocolates are the most consumed chocolate form in the world. According to a study conducted by Google, the top five chocolates titled as favorite chocolates in the world, based on their annual searches, are sold in the form of bars.

The milk chocolate segment accounted for the largest share in the market in 2020 on account of the high demand for these products due to their sweet and creamy taste. According to a study conducted by Google, in October 2019, Cadbury Dairy Milk chocolate was considered to be the most popular chocolate bar in the world. According to the same study, the classic milk chocolate bar received, on average, a total of 466,680 searches annually. These market trends are anticipated to increase the product demand.

Offline distribution channel accounted for the largest share of the global market in 2020. This segment is projected to retain its dominance throughout the forecast period owing to the consumer inclination toward shopping grocery products from supermarkets and convenience stores, where they can physically examine the product quality. The global market is fragmented with the presence of a large number of global and regional players.

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Vegan Chocolate Confectionery Market Report Highlights

• Asia Pacific is expected to be the fastest-growing regional market during the forecast years due to the rising cases of lactose intolerance and an increasing number of vegans in the region
• The chips & bites segment is expected to register the fastest CAGR from 2021 to 2028 owing to the wide application scope of chips and bites in premium bakery products
• North America dominated the global market accounting for a revenue share of over 37% in 2020
• This growth was credited to the rising demand for vegan and dairy-free products in North America

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Vegan Chocolate Confectionery Market Segmentation

Grand View Research has segmented the global vegan chocolate confectionery market on the basis of product, type, distribution channel, and region:

Vegan Chocolate Confectionery Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Boxed
• Molded Bars
• Chips & Bites
• Truffles & Cups

Vegan Chocolate Confectionery Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Milk
• Dark
• White

Vegan Chocolate Confectionery Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Online
• Offline

Vegan Chocolate Confectionery Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Mexico
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Switzerland
  • Russia
  • The Netherlands
  • Italy
  • Sweden
  • Denmark
  • Belgium
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Israel

List of Key Players of Vegan Chocolate Confectionery Market

• Alter Eco
• Equal Exchange Coop.
• Endorfin
• Chocoladefabriken Lindt & Sprüngli AG
• Mondelēz International
• Goodio
• Montezuma’s Direct Ltd.
• Evolved

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Australia Glamping Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 Australia Glamping Market Growth & Trends

The Australia glamping market size is expected to reach USD 256.5 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.0% from 2021 to 2028. Glamping or glamorous camping is a modern form of camping that has become a trend across the world. At music festivals, glamping is offered as an upgrade option at a reasonable price, especially if it is going to be a multiday activity. A rising number of concerts and big music festivals in various parts of the world is expected to be one of the key driving factors for market growth.

Most vacationers all over the world prefer to go on vacations with a wide range of indoor and outdoor activities apart from site-seeing. A few people incorporate a day or two of glamping in their schedule as it combines taking a vacation with nature combined with the luxury of living in a fine hotel. The consumers’ search for unique experiences is expected to have a positive impact on the market over the forecast period. While de-stressing and relaxation are the key factors that are expected to propel the expansion of the glamping market, the rise for eco-tourism as well as the need for a healthy lifestyle is expected to have a positive impact on the industry.

The outbreak of COVID-19 has left an unprecedented impact on the glamping market in Australia. Interest in camping among new and experienced campers was evident, before the coronavirus pandemic. After government restrictions on traveling to contain the COVID-19 outbreak, the industry faced a decline in growth in 2020. Travelers maintained a distance from natural spaces, outdoor recreation activities, and other people. However, the industry is regaining momentum. Since the conventional hospitality industry including hotel, resorts, and restaurants have had a diminishing impact, camping and glamping have experienced an increase in demand due to its provision of social distancing, hygiene, and every once in a while, break far away from the city.

The market players are trying to focus on catering a variety of services along with the usual camping experience. Players are striving to establish partnerships with hotels, restaurants, and resorts in nearby locations to reach a broader consumer base. In 2019, Baillie Lodges entered into a joint venture with an affiliate of KSL Capital Partners, LLC (KSL) heralding an exciting new chapter in Baillie Lodges’ quest to deliver Australia’s finest collection of luxury lodges. Also, Silky Oaks Lodge in Queensland’s Daintree Rainforest was the first property to join Baillie Lodges following the new partnership agreement.

Over the past few years, there has been an upward trend in the number of international travelers visiting Australia. In 2019, approximately 9.4 million tourists arrived in the country from overseas which up by 2.4% from 2018. Safari glamping tents have become one of the key attractions in Australia. With the increasing number of safaris owing to the amazing wildlife in the country, the glamping market is anticipated to witness positive growth during the forecast period. The rising inclination of tourists, as well as locals, is expected to fuel the demand for glamping in the country.

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Australia Glamping Market Report Highlights

• The cabins and pods product segment accounted for the largest share of 47.1% in 2020. The growth is majorly supported by multiple features offered by this accommodation type including lockable doors and windows, increase privacy with bathrooms attached, and Wi-Fi connectivity
• Consumers in the age bracket of 18-32 years accounted for the highest revenue share of about 44.6% in 2020 and expected to maintain its trend during the forecast period
• The rising prominence of sole traveling among millennials is further encouraging this age group to opt for glamping services driving the growth of the market
• Some of the key market players include Under Canvas, Canopy and Stars, Baillie Lodges, Tanja Lagoon Camp, and Collective Retreats

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Australia Glamping Market Segmentation

Grand View Research has segmented the Australia glamping market based on accommodation type and age group:

Australia Glamping Accommodation Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cabins and Pods
• Tents
• Yurts
• Treehouses
• Others

Australia Glamping Age Group Outlook (Revenue, USD Million, 2016 - 2028)

• 18 - 32 years
• 33 - 50 years
• 51 - 65 years
• Above 65 years

List of Key Players in the Australia Glamping Market

• Under Canvas
• Canopy and Stars
• Baillie Lodges
• Tanja Lagoon Camp
• Collective Retreats
• Tentrr
• Nightfall Camp Pty Ltd
• Glampique
• The Last Best Beef LLC
• Eco Retreats
• Wildman Wilderness Lodge

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Real-Time Payments Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2028

 Real-Time Payments Market Growth & Trends

The global real-time payments market size is expected to reach USD 99.73 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 33.0% from 2021 to 2028. The growing internet penetration rate and the proliferation of smartphones are expected to drive the growth of the market over the forecast period. The initiatives being pursued by various governments across the world to promote digital payments are expected to contribute to the growth.

Digital payment solution providers are putting a strong emphasis on ensuring security while making payments using smartphones and bank cards, among other payment methods. Advances in the latest technologies, such as AI and blockchain, are particularly opening opportunities for digital payment solution providers to offer efficient and secure digital payment solutions. For instance, in October 2019, SnapPay Inc. announced the launch of a new facial recognition payment technology for retail store merchants in North America.

Technology companies, such as Facebook, Amazon, WeChat, Alipay, and Google, among others, are focusing on strengthening their presence in the market for real-time payments. For instance, in December 2020, Facebook announced that it has gone live with the payments feature on the WhatsApp messaging platform in India. The initiative fell under the company’s efforts to explore new opportunities in the market.

The outbreak of the COVID-19 pandemic is anticipated to create new opportunities for the market players. Individuals are increasingly opting for contactless payment methods as part of the efforts to arrest the spread of coronavirus. The growing preference for online shopping amid the outbreak of the pandemic is also expected to propel the growth of the market over the forecast period.

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Real-Time Payments Market Report Highlights

• The P2B segment is expected to continue dominating the market over the forecast period. The continued growth of e-commerce and m-commerce is expected to drive the segment growth
• The solution segment is expected to continue dominating the market over the forecast period. The growing consumer preference for various digital payment solutions is expected to drive the growth of the segment
• The preference for cloud-based real-time payment solutions is growing owing to their agility and the flexibility they can offer for consumers and businesses while making and receiving payments
• The increasing number of e-commerce startups across the globe is anticipated to drive the demand for real-time payment solutions over the forecast period
• Government bodies are increasingly deploying smart ticketing systems across various public transport systems, which is creating an opportunity for vendors of real-time payment solutions
• Continued digitalization in emerging economies, such as China and India, is expected to create growth opportunities for vendors of real-time payments solutions in the Asia Pacific regional market

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Real-Time Payments Market Segmentation

Grand View Research has segmented the global real-time payments market based on payment type, component, deployment, enterprise size, end-use industry, and region.

Real-Time Payments Payment Type Outlook (Revenue, USD Million, 2016 - 2028)

• P2B
• B2B
• P2P
• Others

Real-Time Payments Component Outlook (Revenue, USD Million, 2016 - 2028)

• Solutions
  • Payment Gateway
  • Payment Processing
  • Security & Fraud Management
• Services
  • Advisory Services
  • Integration & Implementation Services
  • Managed Services

Real-Time Payments Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Real-Time Payments Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Real-Time Payments End-use Industry Outlook (Revenue, USD Million, 2016 - 2028)

• Retail & E-commerce
• BFSI
• IT & Telecom
• Travel & Tourism
• Government
• Healthcare
• Energy & Utility
• Others

Real-Time Payments Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Sweden
  • Denmark
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
• South America
  • Brazil
  • Argentina
• Middle East & Africa

List of Key Players of Real-Time Payments Market

• ACI Worldwide, Inc.
• Mastercard Incorporated
• Finastra
• Visa Inc.
• PayPal Holdings, Inc.
• Fiserv, Inc.
• Fidelity National Information Services, Inc. (FIS Inc.)
• Wirecard AG
• Worldpay, Inc.
• Temenos AG
• Montran Corporation
• Volante Technologies Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smart Pole Market to Witness Tremendous Growth and Expansion by 2028

 Smart Pole Market Growth & Trends

The global smart pole market size is expected to reach USD 26.55 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 19.7% from 2021 to 2028. Continued urbanization and the subsequent need to manage assets and infrastructure efficiently are driving the demand for smart poles. The rollout of smart city projects in different parts of the world also bodes well for the growth of the market. According to a study conducted by the Consumer Technology Association, smart city spending across the globe reached USD 34.35 billion in 2020.

Several government bodies worldwide are pursuing initiatives to provide Wi-Fi connectivity in public areas and are deploying smart poles for the purpose. For instance, in February 2018, smart poles offering Wi-Fi connectivity were installed in Kalaburagi, India as part of the efforts to provide free Wi-Fi connectivity for citizens at selected places. Similarly, in February 2020, smart poles featuring the latest technology were installed in London, the U.K. in Hampton as part of the government’s digital transformation project to provide Wi-Fi connectivity to citizens.

Smart poles are also being installed for monitoring air quality in the wake of the deteriorating ambient air quality in urban areas in different parts of the world. Several people across the world are suffering from various disorders stemming from the deteriorating quality of the ambient air. Smart poles can potentially play a decisive role in addressing the air quality issues in urban areas by monitoring environmental parameters, such as humidity, temperature, and concentration of fine air particles, and help in assessing the quality of ambient air. The data provided by the smart poles can help the citizens in limiting their exposure to air pollution and the authorities in improving the quality of the ambient air quality.

The outbreak of the COVID-19 pandemic is anticipated to adversely affect the growth of the market. Construction and infrastructure development projects are confronting a slowdown owing to the lockdowns imposed in different parts of the world as part of the efforts to arrest the spread of the disease. For instance, during the COVID 19 situation, the U.K. government had announced the shutdown of construction sites with more than 50 workers. The shutdown of construction sites thereby leads to a decrease in the demand for smart poles requirements.

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Smart Pole Market Report Highlights

• The hardware segment dominated the market in 2020. The infrastructure development projects that are underway worldwide are expected to drive the growth of the segment over the forecast period
• The controller segment dominated the market in 2020 and is expected to witness promising growth over the forecast period. The government incentives and rebates being offered on the replacement of conventional lamp poles with smart poles as a part of smart city development projects are expected to drive the growth of the segment over the forecast period
• The retrofit installation segment dominated the market in 2020. The provisioning of Wi-Fi connectivity and installation of digital signage on existing poles as part of smart city development is expected to drive the growth of the segment over the forecast period
• The public places segment dominated the market in 2020. The growing preference for Public-Private Partnerships for the deployment of Wi-Fi networks at public places is expected to drive the growth of the segment
• Increasing adoption of smart poles in emerging economies, such as China and India, is expected to create growth opportunities for the market in the Asia Pacific region over the forecast period

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Smart Pole Market Segmentation

Grand View Research has segmented the global smart pole market on the basis of component, hardware, installation type, application, and region:

Smart Pole Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
• Software
• Service

Smart Pole Hardware Outlook (Revenue, USD Million, 2016 - 2028)

• Lighting Lamp
• Pole Bracket & Pole Body
• Communication Device
• Controller
• Others

Smart Pole Installation Type Outlook (Revenue, USD Million, 2016 - 2028)

• New Installation
• Retrofit Installation

Smart Pole Application Outlook (Revenue, USD Million, 2016 - 2028)

• Highways & Roadways
• Public Places
• Railways & Harbors

Smart Pole Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in the Smart Pole Market

• Acuity Brands
• Cree, Inc.
• Eaton
• Ericson
• General Electric Company
• Siemens
• Signify
• Telensa Limited
• Wipro
• Zumtobel Group

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.