Automotive Digital Cockpit Market Report by Opportunity, Demand, Major Driving Factors and Business Growth Strategies

 Automotive Digital Cockpit Market Growth & Trends 

The global automotive digital cockpit market size is expected to reach USD 36.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.8% from 2021 to 2028. The rising demand for automotive cockpit electronics, autonomous vehicle technology, and advanced safety features such as advanced driver assistance systems is expected to drive market growth. The changing consumer buying behavior and increasing demand for enhanced in-vehicle experience, coupled with the global growth of the high-end, premium, and luxury car segments, are also expected to fuel the growth of the market.

The surge in demand for vehicle connectivity and navigation system in the automotive sector has led to the increasing usage of visualization technology. Modern-day cars are highly influenced by unique consumer demands and advancements in digital technologies. The automotive industry is focused on offering more personalized experiences to drivers and vehicle occupants. Moreover, companies are developing innovative solutions to ensure seamless connectivity between the vehicle and external devices. The integration of vehicle systems can be considered as the most significant development. The digital cockpit architecture has become more capable and robust owing to the integration of the Advanced Driver Assistance Systems (ADAS) functionality for enhanced safety and security and cloud-based services.

The automotive digital cockpit technology is expected to gain significant demand as major automotive component and solution providers are engaging in the development of complete automotive cockpit solutions. For instance, in January 2021, Qualcomm Technologies, Inc. announced the launch of the 4th Generation Qualcomm Snapdragon Automotive Cockpit Platforms. The new digital cockpit platforms offer software scalability and flexibility to support several real-time and high-level operating systems. The platforms also support multiple ECUs and domain integration, including digital instrument clusters, digital monitoring systems, Augmented Reality Heads-Up-Display (AR-HUD), e-Mirror, and rear-seat displays.

In the wake of the coronavirus pandemic, lockdowns and social distancing norms have been implemented globally. The overall automotive production volumes have declined globally on a year-on-year basis, mainly due to decreased production volumes in North America and Europe, among other regions. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), automobile production globally dropped by more than 15%, i.e., 77.6 million units in 2020 compared to 91.7 million units in 2019. However, as restrictions ease in various economies, the market can expect a period of respite for the short-term owing to the increased demand for passenger cars from the middle-class population, in turn, is increasing the demand for automotive digital cockpit over the forecast period.

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Automotive Digital Cockpit Market Report Highlights

• The head-up display segment is expected to register the highest CAGR of over 15.0% from 2021 to 2028 owing to the integration of augmented reality for enhanced safety and driving experience
• The LCD-TFT segment dominated the market in 2020 and is anticipated to generate revenue over USD 19.0 billion by the end of the forecast period, owing to the temperature and durability standards provided by LCD-TFT displays
• The passenger car segment accounted for the largest revenue share of around 80.0% of the overall market in 2020. The increasing demand for connected car features in passenger vehicles and the onset of autonomous vehicles is expected to drive the segment
• In Asia Pacific, the market is accounted for the largest revenue share in 2020. This growth can be attributed to the increased production and sales of passenger vehicles in the region

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Automotive Digital Cockpit Market Segmentation

Grand View Research has segmented the global automotive digital cockpit market on the basis of equipment, display technology, vehicle type, and region:

Automotive Digital Cockpit Equipment Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• Digital Instrument Cluster
• Driving Monitoring System
• Head-up Display (HUD)

Automotive Digital Cockpit Display Technology Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• LCD
• TFT-LCD
• OLED

Automotive Digital Cockpit Vehicle Type Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• Passenger Cars
• Commercial Vehicles

Automotive Digital Cockpit Regional Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

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

Key Players of Automotive Digital Cockpit Market

• Continental AG
• Denso Corporation
• Faurecia
• Garmin Ltd.
• HARMAN International
• Hyundai Mobis
• Panasonic Corporation (Panasonic Automotive Systems Europe GmbH)
• Pioneer Corporation
• Robert Bosch GmbH
• 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.

Industrial Dust Collector Market to Record an Exponential CAGR by 2028: Grand View Research Inc.

 Industrial Dust Collector Market Growth & Trends

The global industrial dust collector market size is anticipated to reach USD 10.9 billion by 2028, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The global market is predominantly driven by the growing awareness regarding the air pollution and health issues associated with it and the rise in mining activities across the globe.

Industrial dust collectors help lower the risks of various health problems, such as Chronic Obstructive Pulmonary Disease (COPD), airborne allergies, asthma, and other respiratory diseases, by removing particulate matter, dust particles, smoke, and other toxic fine particles. The emergence of the Internet of Things (IoT) and Artificial Intelligence (AI) and their integration in filter systems indicate a promising future for the market.

Companies are integrating patented filter technologies that provide efficient filtration of pollens and dust. Key manufacturers, such as FLSmidth and Hamon, have seen a huge dip in their annual revenue due to the COVID-19 pandemic. The market is expected to recover by the end of 2022 and majorly dependent on the revival period of end-user industries.

New product developments and technological advancements are expected to augment the market growth. For instance, In October 2020, Donaldson Company, Inc. introduced Donaldson Torit rugged pleat baghouse industrial dust collector. The new product can be used in industries, such as cement, mining, and food.

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Industrial Dust Collector Market Report Highlights

• The baghouse type segment contributed to 26.7% of the global revenue share in 2020 owing to the cost-effective price, easy operation, and good efficiency of these products in collecting dust particles
• On the other hand, the cartridge segment is anticipated to register the fastest CAGR during the forecast period
• This growth is attributed to the high efficiency of these products of up to 99.9% of removing fine particles from the flue gas
• The food & beverage industry is expected to witness the fastest CAGR of 6.3% from 2021 to 2028 on account of stringent government regulations regarding proper hygiene
• The cement segment accounted for the highest revenue share of more than 22% in 2020 and will maintain its leading position throughout the forecast years
• Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028 due to the rapid industrialization and growing construction activities in the region

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Industrial Dust Collector Market Segmentation

Grand View Research has segmented the global industrial dust collector market on the basis of type, end-use industry, mechanism, mobility, and region:

Industrial Dust Collector Type Outlook (Revenue, USD Million, 2017 - 2028)

• Baghouse
  • Woven
  • Non-woven
• Cartridge
• Wet Scrubbers
• Inertial Separators
• Electrostatic Precipitator (ESP)
• Others

Industrial Dust Collector End-use Industry Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverage
• Pharmaceutical
• Energy & Power
• Steel
• Cement
• Mining
• Others

Industrial Dust Collector Mechanism Outlook (Revenue, USD Million, 2017 - 2028)

• Dry
• Wet

Industrial Dust Collector Mobility Outlook (Revenue, USD Million, 2017 - 2028)

• Portable
• Fixed

Industrial Dust Collector Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Rest of the Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of the Asia Pacific
• Central & South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of the Central & South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa

List of Key Players of Industrial Dust Collector Market

• FLSmidth
• Hamon
• Camfil AB
• Thermax Ltd.
• Kelin Environmental Protection Technology Co., Ltd.
• KC Cottrell
• Nederman Holding AB
• Sumitomo Heavy Industries, Ltd.
• Donaldson Company, Inc.
• Babcock & Wilcox Enterprises, 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.

India Veterinary Artificial Insemination Market Precise Analysis on Business Overview, Product Scope And Ongoing Market Development 2028

 India Veterinary Artificial Insemination Market Growth & Trends

The India veterinary artificial insemination market size is expected to reach USD 252.4 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.7% from 2021 to 2028. Increasing demand for milk and the growing number of semen stations in the country are the factors propelling the growth. Increasing disposable income in developing countries is expected to further fuel the market expansion.

Demand for domestic sexed semen over imported semen is further propelling the country's revenue. Brahma Genetics Facility by ABS India, established in 2017, was the first semen sexing lab in India. They provide sexed semen for Jersey, Holstein, Gir, Red Sindhi, Sahiwal, Crossbreeds, Mehsana & Murrah buffaloes. The BAIF semen station is located in Maharashtra where Sex ULTRATM sperm sex sorting technology (U.S.) is being used for sorting of semen. Moreover, ABS India also opened a new plant in Uttar Pradesh in 2020 for semen sorting. The above-mentioned factors are expected to propel the revenue over the forecast period.

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India Veterinary Artificial Insemination Market Report Highlights

• The normal semen product was the largest revenue-generating segment in 2020. This contribution is mainly due to the increased number of insemination procedures in the country and favorable government initiatives
• The cattle held the largest revenue share of around 45% in 2020. The increasing cattle population and demand for dairy products from both developing and developed countries are boosting the growth
• The NDDB segment is expected to exhibit the fastest CAGR during the forecast period, due to the focus of the agency to increase the number of artificial insemination procedures as well as the production of HGM semen
• By distribution channel, the government segment held the largest revenue share in 2020 owing to increasing initiatives. For instance, the state government of Uttar Pradesh has decided to establish semen sexing facilities in its A grade semen stations in the forthcoming years with a target to produce at least 3 lakh of sexed semen doses in the first two years

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India Veterinary Artificial Insemination Market Segmentation

Grand View Research has segmented the India veterinary artificial insemination market based on product, animal type, and distribution channel:

India Veterinary Artificial Insemination Product Outlook (Revenue, USD Million, 2016 - 2028)

• Normal Semen
• Sexed Semen

India Veterinary Artificial Insemination Animal Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cattle
• Buffalo
• Swine
• Sheep
• Canine
• Others

India Veterinary Artificial Insemination Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Government
• NDDB
• Others (NGO, Private)

List of Key Players of India Veterinary Artificial Insemination Market

• Polargeneticsindia
• Genus plc. (ABS Global)
• Zoetis Inc.
• Paayas Milk producer Company Limited
• National Dairy Development Board
• IMV TECHNOLOGIES
• Maahi Milk Producer Company Limited
• Xcell Breeding & Livestock Services Private Limited

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.

Disposable Hospital Gowns Market Plying for Significant Growth During 2021-2028: Grand View Research Inc.

 Disposable Hospital Gowns Market Growth & Trends

The global disposable hospital gowns market size is expected to reach USD 5.61 billion by 2028, registering a CAGR of 13.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of Surgical Site Infections (SSIs), rising number of surgeries performed coupled with growing incidence of chronic disorders and impact of COVID-19 are the key factors driving the market. The increasing prevalence of Hospital-Acquired Infections (HAIs) is a major factor expected to propel the market growth over the forecast period.

According to the data published by health.gov (U.S. dept. of Health and Services) in 2020, about 1 in 25 inpatients have a hospital-related infection, at any given time. Such incidents are projected to augment demand for disposable gowns as they aid in the prevention of the spread of infections and diseases. Furthermore, the rise in hospital admissions due to the global COVID-19 pandemic will drive the product demand. In addition, major players operating in the market are launching new products and extending their production capacities to overcome the rising demand for disposable hospital gowns.

For instance, in April 2021, Precision Textiles launched EcoGuard material. The eco-friendly fabric is manufactured in the United States and is designed for use in Personal Protective Equipment (PPE), especially disposable medical isolation gowns. In September 2020, the Department of Defense, on behalf of the Department of Health and Human Services (HHS), signed an agreement with 9 American companies for the delivery of 73 million COVID-19 disposable isolation gowns at USD 335M. Therefore, such instances are anticipated to propel market growth over the forecast period.

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Disposable Hospital Gowns Market Report Highlights

• In terms of usability, the average-type segment held the largest revenue share in 2020
• The segment is estimated to register the fastest CAGR from 2021 to 2028
• The surgical product segment held the largest revenue share in 2020. However, the non-surgical product segment is expected to witness the fastest CAGR from 2021 to 2028
• The high-risk disposable hospital gowns segment accounted for the largest revenue share in 2020 due to increased cases of HAIs
• North America is expected to lead the global market over the forecast period

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Disposable Hospital Gowns Market Segmentation

Grand View Research has segmented the global disposable hospital gowns market on the basis of usability, product, risk type, and region:

Disposable Hospital Gowns Usability Outlook (Revenue, USD Million, 2016 - 2028)

• Low-type
• Average-type
• Premium-type

Disposable Hospital Gowns Product Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical
• Non-surgical
• Patient

Disposable Hospital Gowns Risk Type Outlook (Revenue, USD Million, 2016 - 2028)

• Low
• Moderate
• High

Disposable Hospital Gowns Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Disposable Hospital Gowns Market

• Cardinal Health
• 3M
• Angelica
• Standard Textile Co., Inc.
• Medline Industries, Inc.
• Petoskey Plastics
• Thermo Fisher Scientific, Inc.
• Bellcross Industries Private Ltd.
• Priontex
• Sara Health Care

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 Electric HVAC Compressor Market Trends Regulations And Competitive Landscape Outlook to 2028

 Automotive Electric HVAC Compressor Market Growth & Trends

The global automotive electric HVAC compressor market size is anticipated to reach USD 38.31 billion by 2028, registering a CAGR of 20.7% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. An electric compressor offers several benefits over a conventional compressor, such as lower energy consumption, compact size, controlled revolution speed, and noise-free operations. Also, unlike a conventional compressor, which is belt-driven, an electric compressor is independent of the vehicle engine. An electric compressor draws power from a separate electric motor, which is powered using an inverter. Such an arrangement ensures that the cooling operation of the vehicle continues even when the vehicle is turned off. The electric compressor also requires lesser power to drive as a result of this arrangement, thereby leaving the vehicle performance unaffected and ensuring cleaner operations due to low oil carryover.

The function of an electric compressor in an electric vehicle is much significant than that of a conventional compressor in an ICE vehicle. In an electric vehicle, the compressor is responsible for the cooling of the entire cabin as well as the battery pack. Electric compressor protects the battery from overheating and subsequently the vehicle from breaking down. Hence, an electric HVAC compressor serves as an essential component for the overall functioning of an electric vehicle. Rising fuel prices coupled with the growing awareness about environmental protection have been driving the adoption of electric vehicles and subsequently the demand for electric HVAC compressors.

However, the high initial costs and maintenance costs associated with electric HVAC compressors are expected to restrain the growth of the market. The installation of electric HVAC compressors involves heavy-duty electric wiring, which increases the overall cost of the system. Repairs and maintenance of electric compressors is also a complex task requiring a high level of expertise, thereby adding to the overall cost. Moreover, the demand for electric compressors relies entirely on the demand for electric vehicles. However, the sales of electric vehicles are already facing a double whammy of the higher price and range anxiety associated with electric vehicles. Nevertheless, advances in technology, the subsequent launch of new products, and the continued installation of electric chargers and charging stations are expected to encourage consumers to opt for electric vehicles, thereby driving the demand for electric HVAC compressors over the forecast period. 

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Automotive Electric HVAC Compressor Market Report Highlights

• The 20-40 CC segment dominated the market in 2020 with a revenue share of 48.3% and is expected to continue leading over the forecast period. The growth can be attributed to the fact that compressors with a cooling capacity of 20-40 CC are usually installed in small and medium vehicles, which have a high adoption rate
• The passenger vehicle segment is expected to register the highest CAGR of more than 20% over the forecast period. The growth can be attributed to the growing adoption of electric passenger vehicles for personal use as well as by corporates, and government and defense agencies
• The battery electric vehicle segment is expected to register the highest CAGR over the forecast period. The growth can be attributed to the increasing demand for electric vehicles in line with the continued rollout of charging infrastructure and prompt availability of skilled technicians to service electric vehicles
• The Asia Pacific regional market is expected to witness significant growth over the forecast period in line with the rising adoption of electric vehicles across China and other developing countries in the Asia Pacific region

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Automotive Electric HVAC Compressor Market Segmentation

Grand View Research has segmented the global automotive electric HVAC compressor market based on cooling capacity, vehicle type, drivetrain, and region:

Automotive Electric HVAC Compressor Cooling Capacity Outlook (Revenue, USD Million, 2017 - 2028)

• Less Than 20 CC
• 20-40 CC
• 40-60 CC
• More than 60 CC

Automotive Electric HVAC Compressor Vehicle Type Outlook (Revenue, USD Million, 2017 - 2028)

• Passenger Vehicle
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
• Buses & Coaches

Automotive Electric HVAC Compressor Drivetrain Outlook (Revenue, USD Million, 2017 - 2028)

• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)

Automotive Electric HVAC Compressor Region Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Automotive Electric HVAC Compressor Market

• Denso Corporation
• Hanon Systems
• MAHLE GmbH
• SANDEN Holdings Corporation
• Toyota Industries Corporation
• Highly Marelli Holdings Co., Ltd.
• Valeo S.A.

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.

Handwriting Digital Pen Market Expected to Deliver Dynamic Progression By 2028

 Handwriting Digital Pen Market Growth & Trends

The global handwriting digital pen market size is anticipated to reach USD 4.78 billion by 2028, registering a CAGR of 8.3% over the forecast period, according to a new report by Grand View Research, Inc. The implementation of supportive digitalization policies by governments in emerging economies like China and India is expected to push the healthcare and BFSI sectors to use digital pens as a tool for error-proof data collection and transfer. For instance, banking institutions are likely to rely on these devices as they convert manual data into digital content, which makes it easier to maintain the personal information and financial transactions of their customers. In addition, these tools can be used to edit stored data as and when required.

The use of digital pens in the animation industry has increased over the years and will continue to grow unhindered in the coming years. Companies are focusing on launching digital pens for students and professionals in the field of creative arts. For instance, Wacom Cintiq 16 was launched in January 2019 to assist students in digital sketching, illustration, and drawing. The product is embedded with Wacom’s Pro Pen 2 technology. It has 8,192 levels of pressure sensitivity and tilt, which makes it precise and accurate. Another important technology built-in it is Electro-Magnetic Resonance (EMR), which eliminates the need for battery and recharge. Such innovations are estimated to boost product penetration and market growth over the forecast period.

Asia Pacific is a larger contributor to the production of digital pens, compared to Europe and North America. Major market players have been showing increasing interest in the Asia Pacific region owing to the availability of highly skilled labor at low cost, tax waivers on establishing production plants, and trade benefits, which directly boost the profit margin of a company. The majority of manufacturers are located in China, Japan, and South Korea as a result of easy access to electronic raw materials like chips and sensors from domestic raw material suppliers. However, the rising production costs in developed economies, such as Japan and South Korea, in recent years are expected to force industry participants to shift their production bases to developing economies, such as China and India.

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Handwriting Digital Pen Market Report Highlights

• The tablet usage segment is projected to register the fastest CAGR of 8.6% over the forecast period
• BFSI is projected to be the fastest-growing application segment from 2021 to 2028. On the other hand, the healthcare application segment is expected to account for the highest revenue share by 2028
• The growing e-commerce sector and increasing preference for online shopping have compelled manufacturers to lean on online distribution for better visibility and greater reach
• Several manufacturers are increasingly focusing on implementing the direct-to-consumer approach to generate more sales through their online retail platforms

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Handwriting Digital Pen Market Segmentation

Grand View Research has segmented the global handwriting digital pen market on the basis of usage, application, and region:

Handwriting Digital Pen Usage Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• PC
• Tablet
• Smartphone

Handwriting Digital Pen Application Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• BFSI
• Healthcare
• Government
• Media & Entertainment
• Education
• Retail
• Others

Handwriting Digital Pen Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Handwriting Digital Pen Market

• Apple, Inc.
• Samsung Electronics Co., Ltd.
• Wacom Co., Ltd.
• Microsoft Corp.
• Huawei Technologies Co., Ltd.
• Lenovo
• Dell Technologies, Inc.
• Hewlett-Packard Development Company, L.P.
• Google LLC
• Sony Corp.

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.

Legal Cannabis Market Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Legal Cannabis Market Growth & Trends

The global legal cannabis market size is expected to reach USD 91.5 billion by 2028, registering a CAGR of 26.3% over the forecast period, according to a new report by Grand View Research, Inc. Owing to recent legalization in several parts of the world, the usage of cannabis is gaining momentum for medical purpose. Medical cannabis is used for the treatment of various chronic conditions, such as Parkinson’s disease, Alzheimer’s disease, arthritis, cancer, depression, anxiety, epilepsy, and other neurological conditions. Thus, a wide application scope has led to an increased product demand for the treatment of various chronic conditions.

In addition, due to cannabis being slowly accepted in various countries, some developed countries, such as Canada, Uruguay, and certain states of the U.S., have gone a step further and legalized the recreational use of cannabis. As recreational cannabis is easily available in the market with an economical price tag, the demand for the same has increased exponentially. This is expected to increase cannabis cultivation to suffice the growing demand. However, the COVID-19 pandemic has adversely affected the market growth owing to the imposition of lockdown, limiting consumers from visiting brick-and-mortar shops.

Based on the sources, the marijuana segment accounted for the highest revenue share in 2020 and is expected to exhibit the fastest growth rate during the forecast period. This can be attributed to increased awareness about its medical benefits and easy availability. For instance, Marijuana oil is used for the treatment of cancer and nausea and can also be used for the improvement of the sleep cycle and alleviating stress, pain, and anxiety. Decriminalization and legalization of medical marijuana in some countries have led to significant shrinkage in the black market.

Moreover, the high efficacy of marijuana-derived CBD is one of the pivotal factors accountable for the segment's large share. The usage of cannabis for medical applications has witnessed an expansion with rising support, among the scientific community, due to its benefits in various treatment processes. In recent years, numerous countries have legalized medical cannabis, but its prescription is dependent on the demand of the patient and physician’s preference. The recreational-use segment is expected to be the fastest-growing segment during the forecast period.

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Legal Cannabis Market Report Highlights

• The market size is anticipated to be valued at USD 91.5 billion by 2028 owing to the increasing legalization of cannabis across the globe
• The medical end-use segment dominated the market in 2020 and will retain the leading position during the forecast years
• This growth can be credited to the rising geriatric population and increasing demand for cannabis for various medical purposes, such as management of chronic pain, mental disorders, chemotherapy-induced nausea & vomiting, and neurological disorders
• North America was the largest regional market in 2020 owing to high demand and positive attitude toward cannabis

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Legal Cannabis Market Segmentation

Grand View Research, has segmented the global legal cannabis market on the basis of sources, derivatives, end-use, and region:

Legal Cannabis Sources Outlook (Revenue, USD Million, 2014 - 2028)

• Marijuana
  • Flowers
  • Oil and Tinctures
• Hemp
  • Hemp CBD
  • Supplements
  • Industrial Hemp

Legal Cannabis Derivatives Outlook (Revenue, USD Million, 2014 - 2028)

• CBD
• THC
• Others

Legal Cannabis End-use Outlook (Revenue, USD Million, 2014 - 2028)

• Medical Use
  • Cancer
  • Chronic Pain
  • Depression and Anxiety
  • Arthritis
  • Diabetes
  • Glaucoma
  • Migraines
  • Epilepsy
  • Multiple Sclerosis
  • AIDS
  • Amyotrophic Lateral Sclerosis
  • Alzheimer’s
  • Post-Traumatic Stress Disorder (PTSD)
  • Parkinson’s
  • Tourette’s
  • Others
• Recreational Use
• Industrial Use

Legal Cannabis Regional Outlook (Revenue, USD Million, 2014 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia
  • Japan
  • China
  • India
  • Thailand
• Oceania
  • Australia
  • New Zealand
• Latin America and Caribbean
  • Brazil
  • Mexico
  • Uruguay
  • Colombia
• Africa

List of Key Players of Legal Cannabis Market

• Canopy Growth Corp.
• GW Pharmaceuticals, plc
• Aphria, Inc.
• Cronos Group
• Tilray
• Sundial Growers, Inc.
• Insys Therapeutics, Inc.
• The Scotts Company LLC
• Cara Therapeutics, 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.

Carbon Dioxide Market to Record an Exponential CAGR by 2028

 

Carbon Dioxide Market Growth & Trends

The global carbon dioxide market size is expected to reach USD 10.67 billion by 2028, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rise in usage of carbon dioxide in sectors, such as oil & gas for enhanced oil recovery, food & beverages, and healthcare, is a key driving factor for the market.

Fluctuation in crude oil prices along with a rise in the number of matured oil & gas wells are resulting in oil & gas operators implementing various techniques to enhance the drilling efficiency of the existing wells. Furthermore, oil & gas operators are adopting carbon dioxide-based enhanced oil recovery techniques, which will boost the product demand in the future.

The COVID-19 pandemic has adversely affected the market growth owing to factors, such as strict social distancing norms and lockdowns in various countries around the world. This has resulted in a reduction in demand for oil & gas as well as the shutting down of industries, such as automobile, semiconductor, and consumer electronics, which affected the demand for carbon dioxide from these end users.

Major global players in the CO2 market, such as Linde plc, Air Liquide, and Air Products, Inc., account for a major share. Major companies utilize merger and acquisition strategies to enhance their industry share. For instance, Linde plc was formed by the merger of Linde AG and Praxair, which got completed in October 2018.

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Carbon Dioxide Market Report Highlights

• North America accounted for the largest revenue share in 2020 owing to the presence of several CO2-based EOR projects in the region and major food & beverages manufacturing companies
• Ethyl Alcohol emerged as the largest source segment in 2020 owing to the production of high purity CO2 and due to comparatively lower cost of production than other sources
• The food & beverages application segment led the market in 2020 with the largest revenue share owing to the utilization of CO2 in inert gas for packing fresh meat and vegetables, carbonated beverages manufacturing, and freezing & chilling of food
• Asia Pacific is expected to witness the fastest CAGR from 2021 to 2028 due to the rise in food & beverages manufacturing companies in APAC along with the focus on the implementation of CO2-based EOR in countries, such as China, India, and Indonesia
• The medical application segment is expected to witness the second-fastest CAGR over the forecast period owing to the rise in product utilization in pure form and gas mixtures for cryotherapy, cryopreservation, anesthesia, and insufflation gas

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Carbon Dioxide Market Segmentation

Grand View Research has segmented the global carbon dioxide market on the basis of source, application, and region:

CO2 Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• Hydrogen
• Ethyl Alcohol
• Ethylene Oxide
• Substitute Natural Gas
• Others

CO2 Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• Food & beverages
• Oil & Gas
• Medical
• Rubber
• Fire Fighting
• Others

CO2 Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

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

Key Players of Carbon Dioxide Market

• Linde plc
• Air Liquide
• Air Products, Inc.
• Messer
• Taiyo Nippon Sanso Corp.

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 TV Market Get Facts About Business Strategies by 2028: Grand View Research Inc.

 Smart TV Market Growth & Trends

The global smart TV market demand is expected to reach 1.18 billion units by 2028, registering a CAGR of 20.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing consumer inclination toward QLED and OLED displays and the regular launch of 4K and 8K resolution television sets by new and established vendors are the factors expected to favor the global demand for smart TVs over the forecast timeframe. Smart TVs are integrated with internet connectivity features and offer a range of advanced computing and connectivity options that enable users to search, browse, download, and share content online. Industry players are focusing on further enhancing the viewing experience, which is poised to help the market gain immense traction in the near future.

Price optimization of new products has opened a range of new growth opportunities for industry participants in countries such as India and China, where a large portion of potential customers is from the low and middle-level income groups. Additionally, streaming media devices, including Google Chrome cast, Amazon Fire TV, and Apple TV, are rapidly transforming viewing patterns and experiences. As a result, numerous manufacturers, such as TCL Corporation, are collaborating with OTT device and content providers to offer inbuilt features in their television sets, eliminating the need for a set-top box.

The COVID-19 pandemic momentarily hampered the production of new smart TVs in the first couple of quarters of 2020, negatively impacting the industry supply chain. Furthermore, factors such as economic uncertainty, curbs on cross-border trade, and strict norms mandating the temporary closure of manufacturing facilities led to several challenges before market players in 2020. Nevertheless, the gradual resumption of production processes is anticipated to help the market gain traction owing to the significant increase in individuals spending more time at homes, resulting in an increased demand for online streaming services.

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Smart TV Market Report Highlights

• The pandemic has drastically influenced the routines and lifestyles of consumers globally. The Work From Home (WFH)mandates and stay-at-home orders have further led to an unparalleled increase in the consumption of in-home online videos
• In terms of technology, the 4K UHD TV segment is projected to dominate over the next seven years. This can be primarily attributed to the declining prices of smart TVs, which are attracting customers from emerging economies
• QLED TVs have gained immense prominence owing to their benefits, such as affordability, convenience in choosing color filters, efficient reduction in power consumption with enhanced brightness, and improved viewing angles in comparison with OLED screens
• Asia Pacific is poised to exhibit the highest CAGR of over 13% over the next seven years, thanks to increased consumer spending capacity and rising adoption of OTT VoD platforms, such as Netflix and Amazon Prime Video. Also, the availability of large volumes of supporting content, such as HD videos and games, is further catalyzing the growth of the regional market

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Smart TV Market Segmentation

Grand View Research has segmented the global smart TV market based on resolution, screen size, screen type, and region:

Smart TV Resolution Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• 4K UHD TV
• HDTV
• Full HD TV
• 8K TV

Smart TV Screen Size Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• Below 32 Inches
• 32 to 45 Inches
• 46 to 55 Inches
• 56 to 65 Inches
• Above 65 Inches

Smart TV Screen Type Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• Flat
• Curved

Smart TV Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

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

List of the Key Players in the Smart TV Market

• LG Electronics Inc.
• Samsung Electronics Co. Ltd.
• Sony Corporation
• VIZIO Inc.
• Videocon Industries Ltd.
• Sansui Electric Co. Ltd.
• Toshiba Corporation
• Haier Electronics Group Co., Ltd.

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.

Tabletop Kitchen Products Market Is Projected To Reach Approximately USD 53.88 Billion By 2028: Grand View Research Inc.

 Tabletop Kitchen Products Market Growth & Trends

The global tabletop kitchen products market size is expected to reach USD 53.88 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 3.5% from 2021 to 2028. The product demand is on the rise especially during the ongoing COVID-19 pandemic owing to the growing trend of home cooking as consumers are trying to avoid any outside exposure.

Demand for fancy cutlery, designer serving ware, and drinkware is increasing due to the rising influence of western culture. The emerging trend of take-away food coupled with a surge in the number of eateries is expected to give stimulus for tabletop kitchen products from the commercial sector as an increasing number of restaurant owners are investing in advanced and attractive products including buffet ware, and dinnerware. The rapid expansion of the tours and travel industry, as well as the hotel industry, is shaping the hospitality sector. companies are adopting various strategies to gain a strong foothold in the market.

The growing trend of social dining is expected to increase the demand for designer tabletop kitchen products. The rising popularity of modular kitchens has resulted in a growing number of kitchen remodeling projects, thereby driving the demand for cookware. Increasing consumer expenditure on kitchen tools, as open kitchens are trending and ambiance has become a focal point of social gatherings, will boost the demand further.

The drinkware segment is expected to register the fastest CAGR from 2021 to 2028. The growth of the segment is mainly attributed to the increasing number of food & beverage start-ups, rising disposable income, and product innovation, in terms of look, insulation performance, and presentation. In addition, the growing demand for drinkware items from the foodservice and hospitality industries and increasing consumption of beverages are driving the segment growth.

The commercial application segment led the global market in 2020 and will retain the leading position throughout the forecast years. With intense competition, restaurants and bars are taking extra efforts to make customers feel special. Moreover, increasing construction of commercial spaces, such as clubs & bars and halls for meetings, conferences, parties, etc., presents high growth opportunities for self-service and buffet concept in tabletop kitchen products.

Asia Pacific is projected to grow at the highest CAGR of 4.4% over the forecast period. Improving standards of living and economic conditions are expected to be the key factors driving the regional market. Moreover, rapidly expanding residential and commercial construction sectors in the region have positively affected the market. Increasing refurbishing and renovation activities and the growing popularity of modular kitchens are further supporting the regional market growth.

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Tabletop Kitchen Products Market Report Highlights

• The dinnerware segment accounted for the largest share of over 35% in 2020 on account of the high demand from both residential and commercial application segments
• The commercial application segment accounted for the largest revenue share of more than 64% in 2020
• The growth was credited to the developments in the hospitality sector and demand for high-end tabletop items from the sector
• Europe held the largest revenue share in the global market in 2020 owing to the shift in eating culture, such as increasing preference for casual and social dining, which, in turn, boosts the product demand

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Tabletop Kitchen Products Market Segmentation

Grand View Research has segmented the global tabletop kitchen products market on the basis of type, application, and region:

Tabletop Kitchen Products Type Outlook (Revenue, USD Million, 2016 - 2028)

• Dinnerware
• Flatware
• Whitegoods
• Drinkware
• Buffet Products
• Others

Tabletop Kitchen Products Application Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

Tabletop Kitchen Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • India
  • China
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Tabletop Kitchen Products Market:

• Arc International
• Zalto
• Haier
• The Oneida Group
• The Vollrath Company
• Hendi
• Koninklijke Philips N.V
• MatferBourgeat International
• Samsung
• BSH Hausgeräte GmbH

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.