Urban Planning Software And Services Market is Expected to Enhance USD 192.35 Billion Revenue By 2028: Grand View Research Inc.

 Urban Planning Software And Services Market Growth & Trends

The global urban planning software and services market size is anticipated to reach USD 192.35 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2021 to 2028. Urban planning is one of the most crucial aspects of any country’s development plans as it involves the development and efficient use of land, public welfare, and ensures the safety of the environment. Urban planning is a heterogeneous and complicated process that comprises utility systems, distribution chains, communication networks, infrastructure, and several other elements and processes. Urban planners are adopting urban planning software and services to handle such intricate processes and conceptualize urban designs and plan layouts.

The Covid-19 pandemic severely impacted business operations and processes across several industries. As governments majorly diverted their focus from other development activities to the healthcare segment, the urban planning software and service market was negatively impacted. However, the urban planning software and services industry is expected to recover post-pandemic owing to the need for better urban planning to mitigate future risks of uncertain natural events.

The market has also benefitted from growing investments by various governments in smart cities projects, which, in turn, are driving increased investments in urban planning software and services. For instance, currently, over 26 smart cities projects are in progress across Association of Southeast Asian Nations (ASEAN) countries.

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Urban Planning Software And Services Market Report Highlights

• In terms of component, the software segment accounted for the largest revenue share in 2020 and is expected to retain its dominance over the forecast period. This can be attributed to the increasing investment in technology by governments for urban development. The service segment is anticipated to expand at the highest CAGR of 5.1% over the forecast period
• In terms of deployment, the cloud-based segment accounted for the largest revenue share in 2020 and is expected to retain its dominance over the forecast period. Additionally, this segment is likely to register the highest CAGR of 4.5% over the forecast period. The growth of this segment can be attributed to factors such as quick configurability, cost efficiency, and flexibility
• Based on end-user, the government segment accounted for the largest revenue share in 2020 and is expected to retain its dominance over the forecast period. This can be attributed to growing investment by various governments in smart city technologies and urban development. For instance, in June 2020 the Singapore Government Technology Agency announced that it spent approximately USD 3.5 billion on information technology in 2020, which is 30% more compared to 2019. The real estate and infrastructure companies segment is anticipated to expand at the highest CAGR of 4.9% over the forecast period
• Europe captured the second highest market in 2020 and is expected to retain its position over the forecast period. This can be attributed to the growing preference for eco-friendly city infrastructures. Additionally, a rise in the number of infrastructure development activities is also driving the market growth in this region. The Asia Pacific region dominated the market in 2020, and it is anticipated to expand at the highest CAGR of over 6.1% over the forecast period

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Urban Planning Software And Services Market Segmentation

Grand View Research has segmented the urban planning software and services market based on component, deployment, end-user, and region:

Urban Planning Software and Services Component Outlook (Revenue, USD Billion, 2016 - 2028)

• Software
• Service

Urban Planning Software and Services Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• Cloud-based
• Web-based

Urban Planning Software and Services End-user Outlook (Revenue, USD Billion, 2016 - 2028)

• Government
• Real Estate and Infrastructure Companies

Urban Planning Software and Services Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players in the Urban Planning Software And Services Market

• AECOM
• Autodesk Inc.
• Bentley Systems
• Boston Consulting Group
• esri
• Holistic City Limited
• SketchUp
• SAVANNAH SIMULATIONS AG
• Stantec
• UrbanFootprint

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 Smart TV Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 India Smart TV Market Growth & Trends

The India smart TV market size is expected to reach USD 4.93 billion by 2028, registering a CAGR of 16.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increasing disposable income and rising popularity of OTT VOD platforms, such as Netflix, Amazon Prime Video, SonyLIV, and Disney+Hotstar, have been significant factors driving the demand for smart TVs in the country. The availability of supporting content for these devices, such as HD videos and games, has further boosted the demand for smart TVs in India.

TV brands are partnering with e-commerce websites to launch their products to extend their reach countrywide. In June 2020, Flipkart partnered with Nokia to develop, manufacture, and distribute Nokia Smart TVs. As a result, Flipkart launched Nokia-branded smart TV. The TV runs on Android 9 Pie software and has a dedicated Google Play Store to download and install games and applications. In July 2020, Shinco, an Indian TV brand, launched a 43-inch 4K HDR LED Smart TV named S43UQLS. It is the most affordable 4K TV, as most 43-inch TVs are available in full-HD LED displays.

The industry witnessed a drop in sales in 2020 as the country announced lockdowns to reduce the spread of COVID-19. However, a surge in sales of smart TVs was observed in the first quarter of 2021 owing to the relaxations in lockdown.

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India Smart TV Market Report Highlights

• In terms of resolution, the HDTV segment dominated the market in 2020. High competition exists between companies to create innovative "HDTV" and add the latest technological systems. Furthermore, filmmakers are using HD camcorders and cameras for better resolution of films. This trend is boosting the demand for HDTVs in the market
• In terms of screen size, the above 65 inches segment is expected to expand at the highest CAGR over the forecast period. Consumers are preferring larger screens in their living room owing to the increase in screen time and growth of OTT services
• In terms of screen shape, the flat screen segment dominated the market and is expected to retain its dominance over the forecast period. Consumers prefer flat-screen TVs as they are easier to mount on the wall

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India Smart TV Market Segmentation

Grand View Research has segmented the India smart TV market based on resolution, screen size, and screen shape:

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

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

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

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

India Smart TV Screen shape Outlook (Volume in Million Units; Revenue, USD Million, 2016 - 2028)

• Flat
• Curved

List of Key Players in the India Smart TV Market

• Panasonic Corporation
• Samsung India Electronics Pvt. Ltd.
• LG Electronics India Pvt. Ltd.
• Sony India Pvt. Ltd.
• Xiaomi Inc.
• Koninklijke Philips N.V
• Vu Technologies Pvt. Ltd.
• Intex Technologies
• Micromax Informatics Ltd.
• TCL India

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.

Multi-Cloud Management Market to Observe Strong Development by 2028: Grand View Research Inc.

 Multi-Cloud Management Market Growth & Trends

The global multi-cloud management market size is estimated to reach USD 32.75 billion by 2028, registering a CAGR of 26.3% from 2021 to 2028, according to a new study by Grand View Research, Inc. The strong emphasis of organizations on automation and efficiency, and subsequently, on having effective governance processes in place, is expected to drive the adoption of multi-cloud management solutions over the forecast period. Growing concerns over the reliability of single cloud are also anticipated to play a decisive role in driving the adoption of multi-cloud management solutions. However, concerns over data security and privacy protection coupled with the hardships encountered in redesigning the network for cloud-based infrastructure can restrain the growth of the market.

Independent Software Vendors (ISVs) are increasingly relying on virtualization and cloud as they are gradually evolving from software developers to software providers. Cloud-based infrastructure guarantees greater scale, service customization, and flexibility. At this juncture, Cloud Service Providers (CSPs) are also trying aggressively to make a foray into the market by adopting, managing, and supporting several cloud products, simultaneously. Foraying into the market would potentially allow CSPs to offer adequate flexibility to ISVs in terms of selecting cloud services according to their changing needs.

The outbreak of the COVID-19 pandemic has played a vital role in driving the demand for multi-cloud management solutions. The outbreak of the pandemic and the subsequent restrictions imposed by various governments as part of the efforts to arrest the spread of coronavirus has triggered the demand for the latest, advanced digital technologies and a well-established, strong network. Having realized that opting for a cloud-based infrastructure would help ensure a winning edge over competitors; organizations are aggressively transitioning their workloads to the cloud, thereby driving the demand for multi-cloud management solutions.

Concerns over vendor lock-in have always been discouraging organizations from opting for cloud services. Vendor lock-in can disrupt business operations and force organizations to compromise on performance. However, organizations have realized that a vendor lock-in situation can be avoided by opting for multiple cloud platforms rather than relying on a single cloud vendor. As a result, single cloud customers are increasingly adopting multi-cloud management solutions.

Advances in technology and the higher levels of flexibility the latest cloud computing technologies can offer are expected to drive the growth of the market over the forecast period. As such, market players are pursuing various strategies, such as product differentiation, launching new products, mergers and acquisitions, and strategic partnerships and collaborations to increase their market share, cement their position in the market, and expand their business. For instance, Accenture announced in December 2020 that the company has helped Rakuten Mobile, from business model design to construction and operation, in launching the latter’s fully virtualized cloud-native mobile network.

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Multi-Cloud Management Market Report Highlights

• The managed services segment is expected to witness significant growth over the forecast period. Managed services are allowing the users of various cloud platforms, such as AWS, Google Cloud Platform, and Azure, to boost scalability, reduce expenses, and add more agility to their application architecture
• The small and medium enterprise segment is expected to expand at the highest CAGR from 2021 to 2028. While SMEs are aggressively scouting for business-driven tools and solutions, the increasing number of service providers foraying into the market is offering SMEs several options to choose from, thereby driving the growth of the segment
• Manufacturing is anticipated to emerge as the fastest-growing segment over the forecast period. Multi-cloud management allows manufacturing entities to distribute their workload across multiple clouds and opt for multiple cloud deployment models, such as IaaS, PaaS, and SaaS, depending upon the application and data
• Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the continued adoption of cloud-based solutions and the growing preference for the latest technologies, such as IoTand edge computing

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Multi-Cloud Management Market Segmentation

Grand View Research has segmented the global multi-cloud management market based on solution, enterprise size, end-use, and region:

Multi-Cloud Management Type Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Security & Risk Management
• Training & Consulting
• Reporting & Analytics
• Cloud Automation
• Managed Services
• Others

Multi-Cloud Management Enterprise Size Outlook (Revenue, USD Million, 2018 - 2028)

• Small & Medium Enterprise (SME)
• Large Enterprise

Multi-Cloud Management End-use Outlook (Revenue, USD Million, 2018 - 2028)

• BFSI
• IT & Telecom
• Consumer Goods & Retail
• Manufacturing
• Healthcare
• Media & Entertainment
• Government
• Others

Multi-Cloud Management Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players in the Multi-Cloud Management Market

• BMC Software, Inc.
• Citrix Systems Inc.
• CloudBolt Software, Inc.
• CoreStack
• Dell Technologies Inc.
• Flexera Software LLC
• International Business Machines Corporation
• Jamcracker Inc.
• Microsoft Corporation
• VMware 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.

Surgical Drapes Market Growth in the Coming Years

 

Surgical Drapes Market Growth & Trends

The global surgical drapes market size is expected to reach USD 1.59 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.18% from 2021 to 2028. An increasing number of surgeries and hospitalizations are fueling the growth of the market. Moreover, the rising prevalence of nosocomial infections is expected to upsurge the market growth over the forecast period. For instance, the Centers for Disease Control (CDC) predicted that HAIs account for around 1.7 million infections and 99,000 related deaths every year in American hospitals. Of these infections, urinary tract infections accounted for 32%, surgical site infections (SSI) accounted for 22%, lung infections accounted for 15%, and bloodstream infections accounted for 14%. Thereby, increasing nosocomial infections will surge the demand for surgical drapes, leading to market growth.

Furthermore, the increasing number of hospital admissions is accelerating the market growth. For instance, according to the American Hospital Association, total admissions in all U.S. hospitals were 36,241,815 in 2019. The number of admissions will, in turn, raise the demand for surgical drapes. Moreover, the rising demand for maintenance and hygiene in healthcare institutes is one of the key factors stimulating the growth of the market. Numerous hospitals and healthcare centers are considerably focusing on upgrading the quality of infrastructure, maintaining hygiene, and improving the efficacy of operational systems.

However, rising product recalls might have a negative impact on market growth. For instance, in February 2021, Femoral Angiography Drape Sterile manufactured by Cardinal Health got recalled owing to a nonconforming material/component.

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Surgical Drapes Market Report Highlights

• In terms of type, the disposable segment is expected to witness the fastest growth over the forecast period. An upsurge in the use of disposable surgical drapes in hospitals owing to the high prevalence of HAIs globally is driving the segment
• By risk type, the moderate segment held the largest revenue share in 2020 and is expected to witness considerable growth over the forecast period
• Based on end use, the hospitals segment accounted for the largest revenue share in 2020. Hospitals are the largest consumer of surgical drapes as the majority of surgical procedures are conducted in hospitals
• North America is expected to witness considerable growth over the forecast period owing to the rising prevalence of surgeries and the presence of a large number of key market players

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Surgical Drapes Market Segmentation

Grand View Research has segmented the global surgical drapes market on the basis of type, risk type, end use, and region:

Surgical Drapes Type Outlook (Revenue, USD Million, 2016 - 2028)

• Reusable
• Disposable

Surgical Drapes Risk Type Outlook (Revenue, USD Million, 2016 - 2028)

• Minimal (AAMI Level 1)
• Low (AAMI Level 2)
• Moderate (AAMI Level 3)
• High (AAMI Level 4)

Surgical Drapes End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

Surgical Drapes Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Surgical Drapes Market

• 3M
• Cardinal Health
• Mölnlycke Health Care
• Steris
• Paul Hartmann AG
• Standard Textile Co.
• Medline Industries, Inc.
• Priontex
• OneMed
• Medic

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.

Pediatric Dental Market Booming Trends and Forecast Assessment for the Period 2021 to 2028

 Pediatric Dental Market Growth & Trends

The global pediatric dental market size is expected to reach USD 14.13 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.5% from 2021 to 2028. The growth is attributed to the technological advancements in pediatric dental procedures. Moreover, an increasing number of oral health disorders is expected to contribute to the growth of the market.

According to the CDC, cavities are the most common chronic diseases of children in the U.S. Untreated cavities can cause infection and pain that lead to problems with speaking, learning, eating, and playing. 1 out of 5 children aged 5 to 11 years have at least one untreated decayed tooth that needs to be treated on time. Dental sealants can prevent cavities for a long time. Application of dental sealants on the chewing surface of the back teeth prevents 80% of cavities. Thus, the treatment by dental sealants is anticipated to boost the market growth. The COVID-19 pandemic negatively affected the market growth.

The Urban Institute, in April 2021, stated many parents were delaying bringing their children to medical and dental clinics due to worries that children may be exposed to COVID-19. Parents with low-income households mostly avoided or delayed scheduling of dental appointments other than higher income. The COVID-19 pandemic negatively affected the market due to the shutdown of dental offices.

The possible application of 3D printing is still coming to light in the dental industry. The lab tool has shifted to implantology, general dentistry, prosthodontics and even to create custom devices to help dental patients with sleep apnea. This shift towards advanced treatment is anticipated to drive the market.

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Pediatric Dental Market Report Highlights

• Based on type, the primary segment accounted for the largest revenue share of more than 50.0% in 2020 owing to the growing oral health problems
• By procedure, the dental cleaning (prophylaxis) segment accounted for the largest share of over 30.0% in 2020 owing to the increasing number of dentists working in dental clinics and hospitals
• In terms of disease type, dental caries accounted for the largest share of over 35.0% in 2020 owing to the increasing dental disorders and chronic health conditions
• North America accounted for the largest share of more than 35.0% in 2020 owing to the presence of dominant market players and the high adoption rate of advanced medical technologies

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Pediatric Dental Market Segmentation

Grand View Research has segmented the global pediatric dental market on the basis of type, disease type, procedure, and region:

Pediatric Dental Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Primary
• Permanent

Pediatric Dental Disease Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Dental Caries
• Enamel Disorders
• Others

Pediatric Dental Procedure Outlook (Revenue, USD Billion, 2016 - 2028)

• Pulpotomies
• Stainless Steel Crowns (SSCs)
• Tooth Colored Fillings
• Dental Cleaning (Prophylaxis)
• Others

Pediatric Dental Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Pediatric Dental Market

• 3M
• Hu-Friedy Mfg. Co., LLC (Subsidiary of Cantel Medical)
• Kinder Krowns
• Figaro Crowns, Inc.
• Acero Crowns
• Sprig Oral Health Technologies, Inc.
• Edelweiss Dentistry Products GmbH
• SML
• Cheng Crowns
• Dentsply Sirona

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.

Global Demand for Vitrectomy Devices Market Increasing in Most Part of World 2028

 Vitrectomy Devices Market Growth & Trends

The global vitrectomy devices market size is expected to reach USD 1.7 billion by 2028. The market is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing prevalence of diabetes is expected to drive the probability of diabetic retinopathy, thus, contributing to market growth. Additionally, the growing demand for vitrectomy due to its associated advantages for providing support to other ophthalmic surgeries is also expected to boost the market growth.

Ophthalmic diseases are seen prevalent in the elderly population. The growing geriatric population is expected to drive the market and the need for vitrectomy devices. As per the National Institute on Aging (NIA), the elderly population is expected to reach 72.0 million people by 2030, which may drive the prevalence of ophthalmic disorders. In addition to this, an increasing number of hospital admissions for retinal surgeries such as vitrectomy is expected to drive market growth. Moreover, hospitals have also installed vitrectomy devices to enhance vitreoretinal surgery procedures.

COVID-19 is expected to negatively impact the market in 2020. This is due to the reduction in medical setting visits for ophthalmic care to avoid the spread of infection. Additionally, people with COVID have to experience ophthalmic problems like conjunctivitis, which in turn, is causing hindrance among the medical professionals to perform general ophthalmic surgeries. However, the development of government guidelines to provide constant and effective medical care including ophthalmology may boost market growth during the forecast period.

The risks associated with vitrectomy are also expected to hinder the market growth. Patient undergone vitrectomy has a high probability of generating cataract after few years, thus, negatively impacting its adoption. Additionally, the lack of professional ophthalmologists to understand the operations of advanced vitrectomy devices with multiple functionalities may also pose a threat to the market.

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Vitrectomy Devices Market Report Highlights

• The vitrectomy machines held the largest revenue share in 2020 owing to the development of advanced machines with features such as small gauge size, and intraocular pressure control
• The vitrectomy packs segment is expected to grow at the fastest rate during the forecast period owing to its growing adoption for various indications
• The retinal detachment application segment is expected to grow at the fastest rate over the forecast period owing to the growing prevalence of high myopia. Patients with high myopia have a larger probability of developing retinal detachment
• The ambulatory surgical centerssegment is expected to exhibit the highest growth rate during the forecast period due to its reduced costs and shorter wait time
• In Asia Pacific, the market is expected to grow at the highest rate due to the maximum cases of diabetic retinopathy in the region and the presence of a large patient pool

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Vitrectomy Devices Market Segmentation

Grand View Research has segmented the global vitrectomy devices market based on product, application, end-use, and region:

Vitrectomy Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Vitrectomy machines
• Vitrectomy packs
• Photocoagulation lasers
• Illumination devices

Vitrectomy Devices Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diabetic retinopathy
• Retinal detachment
• Macular hole
• Vitreous hemorrhage
• Others

Vitrectomy Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ophthalmic Clinics
• Ambulatory Surgery Centers

Vitrectomy Devices 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
  • Colombia
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Vitrectomy Devices Market

• Alcon Inc.
• Bausch & Lomb Incorporated
• BVI
• NIDEK CO., LTD. 
• Johnson & Johnson Vision Care, Inc. 
• Blink Medical
• Topcon Corporation         
• Carl Zeiss Meditec AG
• Hoya Surgical Optics

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.

Plastics in Consumer Electronics Market Plying for Significant Growth During 2021-2028: Grand View Research Inc.

 Plastics in Consumer Electronics Market Growth & Trends

The global plastics in consumer electronics market size is expected to reach USD 7.70 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing demand from the smartphone & wearable products industry is anticipated to fuel the demand for plastics in consumer electronics. The smartphone market offers opportunities for usage of a variety of plastic resins, such as Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), and Polymethyl Methacrylate (PMMA), as they are used for manufacturing housings for electronic devices, mounting frames, display frames, and vibration cushions that are lightweight and durable.

Proximity to raw material suppliers and low labor costs are attracting consumer electronics manufacturers in China. The presence of several key consumer electronics manufacturers is anticipated to create significant demand for plastics. Furthermore, increasing demand for appliances in India is anticipated to boost product demand across the electronics industry. In addition, rapid urbanization is expected to propel the demand for mobile phones, laptops, television, and other electronic appliances across India.

Metal alloys have been vastly used for manufacturing electronic components. Alloys are preferred due to their durability and better heat-conducting property. For example, aluminum alloys of grade 7000 series and 6000 series are used mainly in the chassis of laptops or sometimes for their entire casing. For instance, the bottom chassis of Apple’s Mac book is made up of aluminum. iPhone and iPad bodies are made of aluminum alloys as well.

The technology lifespan of consumer electronics is less as post the launch of the product, the competitors undergo reverse engineering processes to develop a similar or updated version of the technology. Hence, the older versions of products are often discarded by consumers. With the growth of technologically advanced equipment, there is no significant system to manage the discarded old products, which has resulted in the growth of e-waste.

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Plastics in Consumer Electronics Market Report Highlights

• In terms of revenue, the PC product segment accounted for the largest share in 2020 and is projected to expand further at a steady CAGR over the forecast period
• The laptop monitors enclosures segment dominated the market and accounted for more than 22% of the overall revenue share in 2020
• In 2020, the Asia Pacific region accounted for the maximum revenue share of the global market and will expand further at the fastest CAGR from 2021 to 20208
• This growth is credited to the presence of a well-established manufacturing base for electrical & electronics in China, Japan, and South Korea
• Major players are continuously working on developing bio-degradable polymers owing to the rising environmental concerns
• For instance, in November 2020, SABIC announced the expansion of its product portfolio of Cycoloy & Lexan PC resins with high Post-Consumer Recycled (PCR) materials for application in consumer electronics, such as laptops, copiers, printers, adapters, and chargers for improving plastic recyclability

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Plastics in Consumer Electronics Market Segmentation

Grand View Research has segmented the global plastics in consumer electronics market based on product, application, and region:

Plastics in Consumer Electronics Product Type Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Polycarbonate (PC)
• Liquid Crystal Polymer (LCP)
• Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) Glass Filled Resin
• Bio-based Polycarbonate
• Thermoplastic Elastomers (TPE)
• Polyamides (PA)

Plastics in Consumer Electronics Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• TV Frames
• Laptop Monitor Enclosures
• LCD Panels
• Portable Hand-held Devices
• Wearables
• Mobile Phone Bodies
• Appliances & White Goods
• Others

Plastics in Consumer Electronics Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of the Plastics in Consumer Electronics Market

• Trinseo S.A.
• Covestro AG
• Celanese Corp.
• SABIC
• Lotte Chemical Corp.
• LG Chem
• Mitsubishi Chemical Corp.
• SAMSUNG SDI Co., Ltd.
• Koninklijke DSM N.V.
• Kuraray Co., Ltd.
• Qingdao Gon Science & Technology 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.

Ultrasonic Electrosurgical Devices Market Estimated to Experience a Hike in Growth by 2028: Grand View Research Inc.

 Ultrasonic Electrosurgical Devices Market Growth & Trends 

The global ultrasonic electrosurgical devices market size is expected to reach USD 5.45 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.04% from 2021 to 2028. The rising volume of surgical procedures owing to the growing prevalence of chronic diseases, rising adoption of minimally invasive surgeries, and developments in minimally invasive surgical techniques, including laparoscopy, have resulted in the development of ultrasonic electrosurgical devices by major market players. This is expected to contribute to the market growth. The presence of a large number of players and the growing number of strategic initiatives by the players to enhance their product portfolios are expected to boost the market growth.

The rising prevalence of various types of cancer such as breast cancer, colon cancer, prostate cancer, and lung cancer is anticipated to boost the demand for ultrasonic electrosurgical devices for the treatment and surgery of various tumors in the body. Cancer is considered a universal healthcare problem as it is one of the leading causes of death. Furthermore, the increasing incidence of cancer across the globe is predicted to boost the demand for ultrasonic electrosurgical devices. Thus, the growing prevalence of cancer throughout the globe is projected to create high growth opportunities for the market players over the forecast period.

A large number of surgical procedures are performed around the world. According to OMICS International Conferences, 2015, around 234 million surgical procedures are performed annually. According to the Agency for Healthcare Research and Quality (AHRQ), in 2012, 14.4 million hospital visits resulted in invasive, therapeutic surgeries, of which 46.9% surgeries were performed in inpatient settings and 53.1% were performed in ambulatory settings across 28 states in the U.S. This is expected to positively influence the demand for ultrasonic electrosurgical devices in the coming years. Several manufacturers are focusing on developing technologically advanced ultrasonic electrosurgical devices to maintain a strong market presence.

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Ultrasonic Electrosurgical Devices Market Report Highlights

• Based on product, ultrasonic electrosurgical consumables accounted for the largest revenue share in 2020. They are generally disposable and have low durability compared to the ultrasonic electrosurgical generators
• By type, the high-intensity focused ultrasonic (HIFU) ablators segment held the largest share in 2020. This is attributed to the factors such as lowered toxicity as compared with the other techniques of ablation, minimal pain due to non-invasiveness, and low cost of procedure than surgery
• On the basis of application, the cardiology segment held the largest share in 2020. The increasing prevalence of cardiovascular diseases globally is anticipated to boost the segment growth
• The hospitals end-use segment is predicted to expandat the fastest growth rate over the forecast period due to the increasing number of patient visits and advanced infrastructure in hospitals as compared to other healthcare facilities
• North America dominated the market in 2020 and is predicted to maintain its lead over the forecast period. This is attributed to the increasing number of preventive surgeries and the growing burden of chronic disorders, such as cancer, diabetes, and autoimmune diseases

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Ultrasonic Electrosurgical Devices Market Segmentation

Grand View Research has segmented the global ultrasonic electrosurgical devices market on the basis of product, type, application, end use, and region:

Ultrasonic Electrosurgical Devices Product Outlook (Revenue, USD Million, 2017 - 2028)

• Generators
• Consumables

Ultrasonic Electrosurgical Devices Type Outlook (Revenue, USD Million, 2017 - 2028)

• High-intensity Focused Ultrasonic (HIFU) Ablators
• Magnetic Resonance-guided Focused Ultrasonic (MRGFUS) Ablators
• Ultrasonic Surgical Ablation Systems
• Shock Wave Therapy Systems

Ultrasonic Electrosurgical Devices Application Outlook (Revenue, USD Million, 2017 - 2028)

• Cardiology
• Gynecology
• General Surgery
• Urology
• Bariatric Surgery
• Others

Ultrasonic Electrosurgical Devices End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Hospitals
• Ambulatory Surgical Centers
• Others

Ultrasonic Electrosurgical Devices Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Ultrasonic Electrosurgical Devices Market

• Ethicon - Endo-Surgery
• Olympus Corporation
• Medtronic
• Misonix Inc.
• BOWA-electronic GmbH
• Söring GmbH
• Advanced Instrumentations
• Reach Surgical
• ITALIA MEDICA SRL
• SonaCare Medical
• Miconvey

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.

U.S. Self-checkout Systems Market Competitive Insight and Key Drivers 2021 to 2028: Grand View Research Inc.

 U.S. Self-checkout Systems Market Growth & Trends

The U.S. self-checkout systems market size is anticipated to reach USD 2.97 billion by 2028, expanding at a CAGR of 11.3% from 2021 to 2028. The strong emphasis retailers are putting on providing self-checkout solutions as part of the efforts to improve purchase efficiency, enhance the consumer experience, and serve a larger customer base is expected to drive the growth of the market over the forecast period. The blend of cash and cashless features offered by the latest self-checkout solutions, which can potentially allow retailers to tailor their checkout experience to the changing consumer preferences, also bodes well for the growth of the market.

Self-checkout solutions, also known as self-service kiosks, are automated systems deployed in offline stores to help in-store buyers in shopping, ordering, and transacting without any intervention from the employees or staff of the stores. The popularity of self-checkout solutions is growing as the retail industry is evolving continuously and adapting to the changing shopping habits of consumers. The growing preference of consumers for cashless transactions is prompting store owners to install cashless checkout stores to allow customers to shop, order, and transact at their convenience without having to wait in a queue. For instance, in January 2020, Weis Markets, Inc., a grocery chain based in the U.S., deployed Toshiba Global Commerce Solutions’ latest self-checkout solution across the majority of its 198 locations.

The outbreak of the COVID-19 pandemic took its toll on the U.S. market for self-checkout systems in 2020 as the demand for self-checkout systems plummeted while the adoption of contactless solutions gained traction in the wake of the social distancing norms. Although several stores and outlets implemented self-checkout systems to ensure a safe and convenient interface for customers to order and buy food and groceries, the demand for self-checkout systems plummeted as a result of the temporary closure of retail stores, restaurants, hotels, and transportation facilities in line with the restrictions imposed by the government as part of the efforts to arrest the spread of coronavirus. Nevertheless, the market has been gaining traction since the beginning of 2021 and is expected to witness significant growth over the forecast period as the restrictions are relaxed and the situation normalizes gradually.

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U.S. Self-checkout Systems Market Report Highlights

• The systems segment dominated the market in 2020 owing to the growing preference among the operators of supermarkets, hypermarkets, and convenience stores to install cashless self-checkout systems to attract more customers and facilitate quick checkout
• The cashless-based self-checkout systems segment is expected to expand at a CAGR of more than 11% over the forecast period in line with the growing preference among customers for digital payment options and card-based transactions
• The supermarkets and hypermarkets segment dominated the U.S. market in 2020 as supermarkets and grocery stores continued to invest aggressively and installed self-checkout systems as part of their respective in-store transformation projects
• Key vendors operating in the market are focused on strengthening their customer pool, using several product launches and new product developments

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U.S. Self-checkout Systems Market Segmentation

Grand View Research has segmented the U.S. self-checkout systems market based on component, type, and application:

U.S. Self-checkout Systems Component Outlook (Revenue, USD Million, 2018 - 2028)

• Systems
  • Hardware
  • Software
• Services

U.S. Self-checkout Systems Type Outlook (Revenue, USD Million, 2018 - 2028)

• Cash-based Self-checkout Systems
• Cashless-based Self-checkout Systems

U.S. Self-checkout Systems Application Outlook (Revenue, USD Million, 2018 - 2028)

• Supermarkets & Hypermarkets
• Department Stores
• Convenience Stores
• Others

List of Key Players of U.S. Self-Checkout Systems Market

• NCR Corporation
• Toshiba Global Commerce Solutions
• Fujitsu
• Diebold Nixdorf, Incorporated
• Posiflex Technology, Inc.
• Glory Global Solutions (International) Limited
• Deltrix Kiosks
• Acrelec
• Clientron
• Gilbarco 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.

Industrial Insulation Market Poised to Expand at a Robust Pace of USD 10.79 Billion Over 2027: Grand View Research Inc.

 The global industrial insulation market size is expected to reach USD 10.79 billion by 2027, expanding at a CAGR of 5.1% over the forecast period, according to a new report published by Grand View Research, Inc. Benefits of insulation systems, such as equipment protection and increased system efficiency are anticipated to drive the demand.

Insulation protects industrial appliances from fire hazards, prevents the condensation of moisture on the equipment, and protects the equipment at extremely low or high temperatures leading to reduced accidental risks. In addition, it also helps in lowering the manufacturing and energy cost leading to an increased adoption of industrial insulation.

Fluctuations in the crude oil prices are anticipated to result in uncertainty in the prices of the raw materials derived from petrochemicals, which increases the bargaining power of the suppliers. The volatile raw material prices are anticipated to restrict the market growth in the forthcoming years.

The market exhibits a degree of integration, where raw material suppliers such as Knauf Insulation and Armacell LLC are trying to integrate for manufacturing insulation materials. In addition, market players such as Rockwool Technical insulation, Paroc Group, and Knauf Gips KG have created a wide range of product portfolio to gain higher market share.

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https://www.grandviewresearch.com/industry-analysis/industrial-insulation-market

Further key findings from the report suggest:

• Stone wool accounted for the highest market share of 22.8% in 2019 as it is increasingly used in maintaining energy efficiency and provides fire protection with good acoustics
• The pipe insulation product segment accounted for USD 3.34 Billion in 2019 and is estimated to expand at a CAGR of 5.7% from 2020 to 2027 on account of its growing use for applications such as heat conservation, fireproofing, and soundproofing
• Power generation application segment is projected to expand at a CAGR of 5.5% from 2020 to 2027 owing to the increasing demand for insulation materials in the thermal power generation industry to minimize the energy losses
• Asia Pacific is expected to witness the highest growth over the forecast period and reach USD 3.02 billion in 2027 on account of the rising adoption of insulation materials in oil and gas and manufacturing industry
• Europe industrial insulation market accounted for USD 2.51 billion in 2019 and is estimated to expand at a CAGR of 4.7% from 2020 to 2027 owing to the presence of stringent regulatory norms pertaining to the use of industrial insulation materials

Access Press Release@ https://www.grandviewresearch.com/press-release/global-industrial-insulation-market

Grand View Research has segmented the global industrial insulation market on the basis of raw material, product, application, and region:

Industrial Insulation Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Stone Wool
• Glass Wool
• CMS Fibers
• Calcium Silicate
• Cellular Glass
• Foamed Plastic
• Elastomeric Foam
• Perlite
• Aerogel
• Cellulose
• Micro Silica
• Others

Industrial Insulation Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Pipe
• Board
• Blanket
• Others

Industrial Insulation Application Outlook (Volume, Kilotons; Revenue, USD Million; 2016 - 2027)

• Power Generation
• Petrochemical & Refineries
• EIP Industries
• LNG/LPG
• Others

Industrial Insulation Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Poland
  • Spain
  • Italy
  • Benelux
  • Nordic
  • CIS
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
• Central & South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • GCC
  • Turkey

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.