Advanced Driver Assistance System Market to Witness Soaring Growth During 2022 – 2030: Grand View Research Inc.

 Advanced Driver Assistance System Market Growth & Trends

The global advanced driver assistance system market size is projected to reach USD 58.7 billion by 2030, registering a CAGR of 18.2% from 2022 to 2030, as per the study conducted by Grand View Research, Inc. The growing government initiatives toward deploying driver assistance systems to mitigate road accidents are anticipated to contribute to the market growth. The surge in the adoption of advanced driver assistance system (ADAS) in small cars is anticipated to further boost the growth of the market over the forecast period.

Increasing levels of technological innovation and surge in the initiatives undertaken toward self-driving cars and vehicle automation have elevated the demand for driver safety and assistance systems over the past decade. For instance, the European Union has mandated automotive manufacturers to fit ADAS systems, including Autonomous Emergency Braking Systems (AEBS) and Lane Departure Warning Systems (LDWS), in all heavy commercial vehicles that weigh over 7,000 kilograms.

The demand for ADAS technologies such as road sign recognition systems, drowsiness monitoring systems, and night vision systems is expected to increase considerably over the forecast period. Tire pressure monitoring systems are also projected to have substantial penetration in the overall market due to their easy aftermarket availability and low prices. Adaptive cruise control offers better driver safety and aids in avoiding fatal road accidents. All these factors are expected to propel market growth by 2030.

The sensor segment accounted for the largest market share of more than 30% in 2021. The automotive industry is witnessing an increase in self-driving vehicles on road. These vehicles demand a blend of a large number of sensors such as Lidar, cameras, ultrasonic sensors, and radar for accomplishing different operations accurately. Thus, the demand for sensors is projected to increase significantly over the forecast period. Among the various sensor types, Lidar sensors are expected to gain high traction by 2030 owing to their crucial function in self-driving cars.

The key players operating in the ADAS market include AISIN SEIKI Co., Ltd.; Autoliv Inc.; Continental AG; Denso Corporation; Garmin Ltd.; and HARMAN International. These players emphasize adopting various strategies, including business expansions, mergers and acquisitions, and product expansions. These strategies assist the companies in expanding their business and product portfolio. For instance, in February 2020, Continental AG established a new production plant for advanced driver assistance systems in Texas, U.S. The company invested USD 109 million.

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Advanced Driver Assistance System Market Report Highlights

• The autonomous emergency braking system segment is estimated to expand at a CAGR of 21.0% over the forecast period
• The response for ADAS processors is predicted to grow at a considerable rate over the forecast period
• The Asia Pacific market is anticipated to witness substantial growth over the forecast period owing to several developments across major economies, especially China. The regional market is projected to expand at a CAGR of 19.6% from 2022 to 2030
• Key players dominating the market are Hyundai Mobis; Continental AG; Autoliv Inc.; Mobileye; and Magna International among others

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Advanced Driver Assistance System Market Segmentation

Grand View Research has segmented the global advanced driver assistance system market based on solution type, component type, vehicle type, and region:

Advanced Driver Assistance Systems Solution Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

• Adaptive Cruise Control
• Blind Spot Detection System
• Park Assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Autonomous Emergency Braking
• Adaptive Front Lights
• Others

Advanced Driver Assistance Systems Component Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

• Processor
• Sensors
  • Radar
  • Ultrasonic
  • LiDAR
  • Others
• Software
• Others

Advanced Driver Assistance Systems Vehicle Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

• Passenger Car
• Commercial Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Advanced Driver Assistance Systems Regional Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

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

List of Key Players of the Advanced Driver Assistance System Market

• Denso Corporation
• Continental AG
• Infineon Technologies AG
• Magna International
• Autoliv 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.

Computer Numerical Control Machines Market Predicted to Witness Steady Growth During the Forecast Period

 Computer Numerical Control Machines Market Growth & Trends

The global computer numerical control machines market size is expected to reach USD 126.27 billion by 2028, registering a CAGR of 7.5% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rising need for minimizing operating costs and errors in machine components and increasing efficiency in manpower deployment has led to the increased demand for automation and CNC machines.

Governments across the globe have imposed restrictions on transportation owing to the COVID-19 pandemic, which has resulted in port closures. Factors, such as reduced availability of air transportation facilities and stringent border controls, are delaying the procurement of raw materials and components. The resulting delay in the shipment of products to customers is further adding to operational costs. While the situation is adversely affecting profitability and competitiveness, market players are also losing ground in the market as customers are looking to approach alternative suppliers.

Technological proliferation has enabled manufacturers to use the Internet of Things (IoT) and machine learning in controllers. The use of these technologies in Computer Numerical Control (CNC) Machines led to the development of software applications that are compatible with PCs and smart devices, which allows operators and supervisors to control the machines remotely. Furthermore, the use of IoT is expected to bring about several innovations in terms of automation in the field, which would help save time and improve the productivity of companies.

Manufacturers are increasingly focusing on current technological trends in the field of software to enhance the connectivity of machines with operators and improve flexibility on the shop floor area. Several companies are investing in R&D activities to improve the equipment design in a way that reduces the floor space required and allows multiple operations to be carried out by the same equipment, thereby improving the productivity of the plant. This is anticipated to boost the market growth.

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Computer Numerical Control Machines Market Report Highlights

• The milling machines segment is anticipated to register the fastest CAGR from 2021 to 2028 as a result of rising demand for this type of equipment owing to features, such as multi-functionality and reduced time requirements
• The automotive segment is expected to register the maximum growth rate over the forecast period due to the rising product demand in this segment for producing components in less time and achieving a fine finish
• Asia Pacific accounted for the largest market share, in terms of revenue, and is projected to expand further at the fastest CAGR over the forecast period
• The increased focus on infrastructural development and digitization of industries in Asia Pacific is anticipated to drive the regional market growth

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Computer Numerical Control Machines Market Segmentation

Grand View Research has segmented the global computer numerical control machines market based on type, end use, and region:

CNC Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Lathe
• Milling
• Laser
• Grinding
• Welding
• Winding
• Others

CNC Machines End use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

CNC Machines Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Mexico
• Middle East & Africa

List of Key Players of Computer Numerical Control Machines Market

• Amada Co., Ltd.
• Amera Seiki
• Fanuc Corp.
• Datron AG
• DMG Mori
• Dalian Machine Tool Group (DMTG) Corp.
• Haas Automation, Inc.
• Okuma Corp.
• Shenyang Machine Tool Co., Ltd. (SMTCL)
• Hurco Companies, Inc.
• Yamazaki Mazak 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.

Polyphenols Market Size Projected to Rise Lucratively during 2022 - 2030

 

Polyphenols Market Growth & Trends

The global polyphenols market size is expected to reach USD 2.9 billion by 2030, as per the new report by Grand View Research, Inc., registering a CAGR of 7.4% over the forecast period. Polyphenols are micronutrients and phytochemicals with antioxidant properties. These products are beneficial for health as they help cure many diseases like cancer, diabetes, neurodegenerative condition, and aging & skin-related problems. The product extracted from grape seeds has antioxidant properties, which play a significant role in beauty products and nutritional skin supplements. The rising awareness about the benefits of herbal products over synthetic drugs, coupled with an increasing demand for anti-aging products, is expected to boost the market growth during the forecast period.

According to the Food and Drug Administration (FDA), grape seed is more effective than chemotherapy for the treatment of cancer. Thus, grape seed extract is anticipated to have high demand, on account of growing consumption in the food & beverage, cosmetics, and healthcare industries. The functional food & beverages segment accounted for the largest revenue share in 2021. Functional foods and beverages are enriched with functional nutrients to the basic nutritional values. With the increase in awareness about the benefits of maintaining good health, the consumption of healthy foods is increasing. This, in turn, is indirectly driving the product demand, thereby boosting the market growth.

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Polyphenols Market Report Highlights

• In terms of volume Asia Pacific had the highest regional share in 2021 and is anticipated to grow at CAGR of 8.2% due to increase in awareness about nutritional enrichment among consumers.
• Consumption of Green Tea is beneficial for health related issue such as high cholesterol, cancer, and atherosclerosis.
• Functional food accounted for highest revenue share of 34.6% in 2021, due to its advantages on human body such as improved gut health and reduced intestinal inflammation.
• Functional Beverages application dominated the industry with 32.7% revenue share as they provide overall nutrition and well-being to consumers. It was valued at USD 448.8 million in 2021
• The key players in polyphenols industry include ADM, Naturex SA, Ajinomoto and Others. These companies dominate the market with their extensive presence throughout the value chain

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Polyphenols Market Segmentation

Grand View Research has segmented the global polyphenols marketon the basis of product, application, and region:

Polyphenols Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Grape Seed
• Green Tea
• Apple
• Peach
• Citrus
• Olive
• Berries
• Cocoa & Coffee Beans
• Potatoes
• Algae
• Pomegranate
• Others

Polyphenols Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Functional Beverages
• Functional Foods
• Dietary Supplements
• Cosmetics & Toiletries
• Animal Feed
• Dyes
• Others

Polyphenols Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Polyphenols Market

• Archer Daniels Midland (ADM)
• Naturex SA
• Diana Foods
• Indena S.p.A
• Ajinomoto Co. Inc.
• Hansen Holdings A/S
• Barry Callebaut

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.

Telemedicine Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 Telemedicine Market Growth & Trends

The global telemedicine market size is anticipated to reach USD 380.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 19.5% over the forecast period. The key factors driving the market growth include the increasing prevalence of chronic conditions, aging population, telehealth uptake, and rising demand for reduction in care costs. SOC Telemed reported 140,743 total system-wide consults during Q3 2021, an increase of about 76% year over year. The company also reported a recovery in telepsychiatry volumes to pre-COVID levels and significant volume increases in the teleneurology service line. About 1,087 total facilities were serviced by SOC Telemed including 193 facilities serviced by Access Physicians.

The COVID-19 pandemic had an overall positive impact on the market. It led to increased awareness about telemedicine solutions, propelled the adoption rates among patients & providers, and increased the investment activities in the market. Supportive regulatory initiatives to promote the use of telemedicine further contributed to the market growth. In the U.S., both state and federal laws have evolved to facilitate the widespread use of telemedicine to cope with the COVID-19 pandemic. For instance, on March 6, 2020, the U.S. president signed Coronavirus Preparedness and Response Supplemental Appropriations Act. It included USD 8.0 billion emergency funding for the federal agencies and provision to expand reimbursement coverage for telehealth services.

Many U.S. states also waived the licensure for better utilization of the service. This positively impacted the market growth during the pandemic. Rapid advancements in technology are also expected to boost the demand for online consultation, thereby contributing to market growth. For instance, in April 2020, American Well launched Amwell Private Practice, which is a secure, simple, and cost-effective solution for doctors to deliver virtual primary or specialty care for COVID-19 patients. Furthermore, strategic initiatives by key market players, the entry of large-scale, established companies into the market, and the emergence of new start-ups are estimated to contribute to the market growth. In October 2020, Teladoc, Inc. merged with Livongo Health, Inc. to improve the access, delivery, and experience of healthcare for consumers.

This supported its growth objectives. In January 2021, Teladoc, Inc. acquired Consultant Connect Ltd.-a telemedicine provider specializing in enabling healthcare professional-to-professional advice and guidance in the U.K. There has been a significant rise in tele-mental health visits over the past decade in the U.S. and the trend is expected to continue during the forecast period, thereby contributing to the adoption of telemedicine systems by hospitals and healthcare settings. The social shift to overall mental wellbeing and rising healthcare consumerism are other key factors anticipated to propel market growth in the near future. For instance, in 2020, over 52.9 million adults in the U.S. experienced mental illness, according to the NAMI.

Suicide was found to be the second leading cause of death across the country among people aged 10 to 34 years. The increase in awareness levels about mental health, uptake by end users, expansion of offerings by the existing market players, the flow of investments, and entry of new companies are expected to drive the market growth during the forecast period. North America dominated the global market in 2021 due to the high adoption of telehealth solutions during the COVID-19 pandemic. The availability of advanced healthcare facilities and quick adoption of digital technologies also contributed to the region’s growth. Asia Pacific is predicted to witness the fastest CAGR over the forecast period due to the rising number of smartphone users, demand for affordable healthcare services, and presence of a large patient pool.

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Telemedicine Market Report Highlights

• Telemedicine has a wide scope of application in dermatology, psychiatry, intensive care units, emergency care, ophthalmology, neurology, rehabilitation, and radiology
• The teleradiology segment accounted for the majority of revenue share in 2021. Telepsychiatry, on the other hand, is estimated to grow at the fastest CAGR from 2022 to 2030
• Products dominated the components segment in 2021 while services are projected to grow at the fastest CAGR from 2022 to 2030
• The web/mobile-based delivery mode segment is expected to register the fastest CAGR during the forecast years due to the high adoption of smartphones and penetration of the internet
• The tele-home facility segment will register the maximum CAGR from 2022 to 2030 due to the advanced technologies to monitor patient health from remote locations and rising awareness regarding the benefits of remote healthcare
• The providers segment accounted for the maximum revenue share in 2021. However, the patients segment is expected to grow at the fastest CAGR from 2022 to 2030
• Government-initiated healthcare programs across the world are anticipated to propel the adoption of telemedicine solutions by patients and providers in the coming years

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Telemedicine Market Segmentation

Grand View Research has segmented the global telemedicine market on the basis of component, modality, application, delivery mode, facility, end user, and region:

Telemedicine Component Outlook (Revenue, USD Million, 2017 - 2030)

• Product
  • Hardware
  • Software
  • Others
• Services
  • Tele-consulting
  • Tele-monitoring
  • Tele-education

Telemedicine Modality Outlook (Revenue, USD Million, 2017 - 2030)

• Store & Forward
• Real-time
• Others

Telemedicine Application Outlook (Revenue, USD Million, 2017 - 2030)

• Teleradiology
• Telepsychiatry
• Telepathology
• Teledermatology
• Telecardiology
• Others

Telemedicine Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Web/Mobile
  • Audio/Text-based
  • Visualized
• Call Centers

Telemedicine Facility Outlook (Revenue, USD Million, 2017 - 2030)

• Tele-hospital
• Tele-home

Telemedicine End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Providers
• Payers
• Patients
• Others

Telemedicine Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Switzerland
  • The Netherlands
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Singapore
  • South Korea
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel

List of Key Players of Telemedicine Market

• MDlive, Inc. (Evernorth)
• American Well Corporation
• Twilio Inc.
• Teladoc Health, Inc.
• Doctor On Demand, Inc. (Included Health)
• Zoom Video Communications, Inc.
• SOC Telemed, Inc. 
• NXGN Management, LLC
• Plantronics, Inc.
• Practo
• VSee

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.

Root Beer Market Growth With Worldwide Industry Analysis To 2030: Grand View Research Inc.

     Root Beer Market Growth & Trends

The global root beer market size is anticipated to reach USD 1.09 billion by 2030, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Root beer is a North American drink that’s been traditionally made using the root bark of the sassafras tree. Sassafras was banned by the Food and Drug Administration (FDA) in 1960 owing to the presence of safrole, a carcinogenic component. Thus, most commercial root beers available in the market contain the artificial flavoring of sassafras. However, some companies, such as Hansen Beverage, use safrole-free sassafras extract to retain the authenticity of root beer.

The global market is predominantly driven by the increasing demand for low-alcoholic beverages, the growing number of hotels, restaurants, & bars, and the increasing interest of millennials in exotic and new flavored drinks globally. With the changing lifestyle of consumers across the globe and increasing disposable income levels, the demand for services like restaurants, hotels, clubs, and bars is rising. This, in turn, is expected to favor the growth of the global market over the years to come. The outbreak of Coronavirus disrupted the distribution channel and supply chain of the global market owing to the closure and restrictions on bars, restaurants, and hotels. The overall market observed a slight dip in growth in 2020.

However, the sales from off-trade channels, such as supermarkets and e-commerce, were observed high during the lockdown period. The COVID-19 pandemic shifted consumer preference for root beer over other liquors as it contains no or small amount of alcohol, which makes it a healthier option over other drinks. New product launches, mergers & acquisitions, and geographical expansion are some of the key strategies adopted by market players to strengthen their industry position. For instance, in 2018, JAB Holding Co. entered into a strategic agreement to merge with Dr. Pepper Snapple Group through its Keurig Green Mountain business unit. The merger of both the companies formed “Keurig Dr. Pepper”. The combined companies offer various products under brands, such as A&W Root Beer, 7UP, Dr. Pepper, and more.

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Root Beer Market Report Highlights

• The conventional product type segment accounted for the maximum revenue share of the global market in 2021
• The alcoholic product segment is expected to witness the fastest CAGR over the forecast period on account of the increasing consumer inclination towards low-alcoholic drinks
• The off-trade distribution channel segment is projected to register the fastest CAGR over the forecast period
• Supermarkets & hypermarkets, in particular, dominated the off-trade segment in 2021. The COVID-19 pandemic increased the off-trade sales of the product
• Europe is the second-largest regional market in the world. Countries, such as Germany, Italy, and France, are the major contributors to the regional market growth

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Root Beer Market Segmentation

Grand View Research has segmented the global root beer market on the basis of product, type, distribution channel, and region:

Root Beer Product Outlook (Revenue, USD Million, 2017 - 2030)

• Alcoholic
• Non-alcoholic

Root Beer Type Outlook (Revenue, USD Million, 2017 - 2030)

• Conventional
• Diet

Root Beer Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• On-trade
• Off-trade

Root Beer Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Root Beer Market

• Keurig Dr. Pepper
• Anheuser-Busch Companies, LLC
• Blitz-Weinhard Brewing Co.
• Dad's Root Beer
• Sprecher Brewing Co. Inc.
• The Berghoff
• Bundaberg Brewed Drinks
• Whole Foods Market IP, L.P.

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.

Automated Parking System Market Trends, Growth Prospects To 2030: Grand View Research Inc.

 Automated Parking System Market Growth & Trends

The global automated parking system market size is expected to reach USD 6.66 billion by 2030, registering a CAGR of 16.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The number of on-road vehicles has increased exponentially across major countries and has given rise to traffic congestion and parking space problems. This has resulted in the emergence of automated parking systems. Moreover, an automated solution improves convenience for vehicle owners or drivers by automatically parking the vehicles at a vacant spot available in the system. Additionally, increasing traffic congestion and inadequate parking space availability in the cities are driving the market growth.

The expansion of the infrastructure drives the marketplace for an automated parking system, along with the growing number of luxury and high-rise buildings and rising support from government bodies. Owing to these benefits, the demand for automated parking systems is anticipated to extend in residential and commercial buildings. Moreover, smart city initiatives across several countries are also driving the demand for advanced and smart automated solutions to reduce parking and pollution problems, the local public faces.

However, the rising number of vehicles of varying sizes in urban areas challenges the growth of the market. Moreover, the high initial investment is required for construction and maintenance per parking space in smart facilities, which increases the initial maintenance and operating costs of these spaces, which could also hinder the growth. However, the growing number of luxury and high-rise buildings, rising support from government bodies, and the increasing willingness of developers drive the marketplace for an automated parking system. Furthermore, the expansion of the infrastructure industry is expected to supply tremendous opportunities for installing an automated parking system in under-construction and newly constructing buildings.

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Automated Parking System Market Report Highlights

• The hardware components contribute to the most significant share of the entire cost of the automated parking system. As a result, the hardware component segment accounts for a market share of over 80% in 2021
• The tower system segment accounted for the largest revenue share over 25%, in 2021. These systems are the most efficient as they save significant horizontal space and take full advantage of the vertical space in a parking facility. Thereby, the segment is anticipated to register significant growth over the forecast period
• The non-palleted segment is expected to gain significant traction over the forecast period at a CAGR of 14.1%. The growth can be attributed to the fact that these platforms require a single system to handle the movement of vehicles and reduce the overall parking cycle time by 30% to 35%
• The fully automated segment is expected to witness the fastest CAGR of 13.9% during the forecast period. Fully automated parking solutions offer advantages such as high efficiency, increased capacity, reduced emission, and high safety and convenience
• The residential end-use segment is expected to witness a significant CAGR of 14.5% during the forecast period. The growth can be attributed to the rising demand for luxury residential facilities and the increasing number of high-rise buildings with inbuilt parking systems across several urban settings globally
• The Asia Pacific regional market is expected to reach USD 2.44 billion by 2030. Increasing vehicle fleet, coupled with the low availability of spaces, is anticipated to create significant demand for automated parking systems in the region

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Automated Parking System Market Segmentation

For this study, Grand View Research has segmented the global automated parking system market based on component, structure type, platform type, automation level, end-use, and region.

Automated Parking System Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software

Automated Parking System Structure Type Outlook (Revenue, USD Million, 2017 - 2030)

• AGV System
• Silo System
• Tower System
• Rail Guided Cart (RGC) System
• Puzzle System
• Shuttle System

Automated Parking System Platform Type Outlook (Revenue, USD Million, 2017 - 2030)

• Palleted
• Non-palleted

Automated Parking System Automation Level Outlook (Revenue, USD Million, 2017 - 2030)

• Fully Automated
• Semi-automated

Automated Parking System End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial
• Mixed-use

Automated Parking System Region Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Automated Parking System Market

• Skyline Parking
• Westfalia Parking
• Unitronics (1989) (R” G) Ltd.
• Klaus Multiparking GmbH
• Robotic Parking Systems, Inc.
• City Lift Parking, LLC
• Park Plus Inc.
• Wohr Parking System Pvt. Ltd.
• AutoMotion Parking Systems

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.

E-cigarette And Vape Market is Anticipated to Upgrade USD 182.84 Billion Revenue By 2030: Grand View Research Inc.

 E-cigarette And Vape Market Growth & Trends

The global e-cigarette and vape market size is expected to reach USD 182.84 billion by 2030, registering a CAGR of 30.0% from 2022 to 2030, according to a new study by Grand View Research, Inc. The growing concerns over conventional cigarettes among various age groups have boosted the demand for relatively less-toxic e-cigarettes and vape products. Advances in e-cigarette technology coupled with the availability of e-cigarettes in various types and e-liquid flavors are particularly allowing customers to choose the device and flavor of their choice, thereby contributing to the growth of the market. The rising awareness about safer alternatives to tobacco consumption has stimulated the adoption of e-cigarettes across the world.

Technological advancements have permitted the development of high-capacity e-cigarettes that create significant amounts of vapor and flavor, which has enhanced vapor enthusiast preference. Vaping has assisted a substantial number of smokers in quitting smoking, making e-cigarettes a viable smoking cessation option. Furthermore, ex-smokers believe that using e-cigarettes has improved their breathing. The rising price of regular cigarettes has aided the growing popularity of e-cigarettes. The e-cigarette sector has been stifled by strict legislation in several countries. However, due to the increased popularity of the technology, e-cigarette sales have continued to grow.

The rising awareness about consuming smokeless, safe, and ashless tobacco is anticipated to drive market growth. The push toward COVID-19-based marketing strategies and sales via digital channels is estimated to drive market growth in the post-COVID-19 pandemic era. Furthermore, there is an increasing awareness about vaping being an effective method to quit traditional smoking, as it is less toxic and creates vapors instead of smoke. Thus, the adoption of vape devices is expected to increase over the forecast period, particularly among individuals smoking for recreation and smokers working toward quitting smoking altogether.

Due to the COVID-19 pandemic, several countries worldwide have seen an increase in indoor smoking. However, vape shops remained open and operational in countries such as Italy during the lockdown. To capitalize on the rising demand for vape products, many vendors implement novel marketing strategies and sell their wares via online platforms. For instance, MyVapery/Xyfil, a British nicotine liquid manufacturer, includes freehand sanitizers in the same bottles as its flavored nicotine e-liquids.

Market participants in the e-cigarette industry are prominent players in the market that own a significant market share. These companies have invested mainly in e-cigarettes as they are expected to be an effective alternative solution for tobacco consumption. However, the industry is characterized by various smaller niche players that offer efficient vape devices and e-liquids, thereby gradually acquiring a large customer base. Small companies usually outsource the manufacturing of e-cigarettes to Asian countries such as China to price their products competitively.

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E-cigarette And Vape Market Report Highlights

• The modular device segment is anticipated to emerge as the fastest-growing segment over the forecast period. Modular devices are advanced devices used mainly by individuals participating in professional vape competitions. These devices are highly advanced and have programmable functions, such as temperature control and variable wattage control
• The online platform segment is expected to register a significant CAGR over the forecast period. Online vape shops, which have emerged recently, encourage customers to purchase e-cigarettes online. Furthermore, the smaller packaging size of e-cigarettes also attracts lower shipping rates, increasing buyer preference
• North America accounted for the highest market share in terms of revenue in 2021, owing to the extensive presence of prominent players such as Altria Group, Inc. and Philip Morris International Inc., which hold a significant share of the regional market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-e-cigarette-vaping-market

E-cigarette And Vape Market Segmentation

Grand View Research has segmented the global e-cigarette and vape market based on product, distribution channel, and region:

E-cigarette and Vape Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Disposable
• Rechargeable
• Modular Devices

E-cigarette and Vape Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Retail
  • Convenience Store
  • Drug Store
  • Newsstand
  • Tobacconist Store
  • Specialty E-cigarette Store

E-cigarette And Vape Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the E-cigarette And Vape Market

• Altria Group, Inc.
• British American Tobacco
• Imperial Brands
• International Vapor Group
• Japan Tobacco Inc.
• NicQuid
• JUUL Labs, Inc.
• Philip Morris International Inc.
• J. Reynolds Vapor Company
• Shenzhen IVPS Technology Co., Ltd.
• Shenzhen KangerTech 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.

Hydrofluoric Acid Market is Projected to Boost USD 1.69 Billion by 2030: Grand View Research Inc.

 Hydrofluoric Acid Market Growth & Trends

The global hydrofluoric acid market size is expected to reach USD 1.69 billion by 2030, according to a new study by Grand View Research, Inc. The market is estimated to witness a CAGR of 5.6% during the forecast years. Increasing the consumption of hydrofluoric acid in the production of fluorochemicals and fluorine components worldwide is likely to boost the demand over the forecast period. It is an aqueous form of hydrogen fluoride and is mainly used for industrial purposes, such as metal cleaning, glass etching, and electronics production among others. It is also used in home rust removers. There are mainly two grades of the product available in the market; anhydrous and diluted hydrofluoric acid. The demand for anhydrous hydrofluoric acid is rising as it is less toxic and provides better quality at low temperatures.

A rise in the production level of fluorochemicals in the U.S. and Germany is further favoring the global demand. In the Asia Pacific region, the increasing production of fluorocarbons and the presence of large-scale manufacturers are expected to boost the market growth. The product demand is anticipated to rise in India during the forecast period on the account of the increasing production of aluminum and aluminum products wherein hydrofluoric acid is a key raw material. The global market is highly fragmented with the presence of numerous players in both developed and developing economies. Key players are focusing on mergers and acquisitions to increase their presence throughout the value chain. The majority of the industry players are focusing on product advancements aiming at the development of new products with eco-friendly characteristics to cater to a broader application market.

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Hydrofluoric Acid Market Report Highlights

• The anhydrous grade segment accounted for the largest share of the global revenue in 2021 due to the rising demand in various applications, such as surfactants, fluorochemicals, and metal cleaners among others
• Metal pickling emerged as the fastest-growing application segment in 2021 and is likely to witness a steady CAGR from 2022 to 2030 due to the high growth in steel production in the past few years
• Fluorocarbon emerged as the largest application segment in 2021 due to the increased production levels across different countries including China, India, the U.S., and Germany
• Moreover, the rising demand for air conditioning and refrigerating systems is expected to drive the segment
• Asia Pacific is projected to witness the fastest CAGR over the forecast period due to the abundance of raw material along with the presence of numerous large-scale manufacturers

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

Hydrofluoric Acid Market Segmentation

Grand View Research has segmented the global hydrofluoric acid market on the basis of grade, application, and region:

Hydrofluoric Acid Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Anhydrous
• Diluted

Hydrofluoric Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fluorocarbon
• Fluorinated Derivatives
• Metal Picking
• Glass Etching
• Oil Refining
• Others

Hydrofluoric Acid Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Hydrofluoric Acid Market

• Daikin
• Dongyue Group
• Sinochem
• Yingpeng Chemical
• Honeywell International Inc.
• Stella Chemifa Corp.
• Koura Global
• Lanxess
• Solvay

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. Digital Signage Market Size, Industry Share And Growth Analysis For 2022-2030: Grand View Research Inc.

 

U.S. Digital Signage Market Growth & Trends

The U.S. digital signage market size is anticipated to reach USD 9.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The demand for digital signage is expected to increase as advertisers, enterprises, and corporates are increasingly adopting digital signage to promote and distribute content. Advancements in display technology are also likely to drive the market. Furthermore, the increasing demand for digital signage solutions from the industries such as healthcare, transportation, hospitality, and retail, is likely to propel market growth over the forecast period.

The growing adoption of digital signage is due to the increasing demand for advertising content with enhanced quality and better sharpness. Rising demand for 4K embedded digital displays is addressing an increase in the need for enhanced sharp images. Digital signage above 52 inches are poised to gain popularity over the forecast period as advertisers are increasingly preferring outdoor advertising. Besides, software providers are engaged in providing design solutions that are compatible with multiple operating systems to new entrants to the digital signage industry. Providers of design solutions are targeting new entrants to the digital signage market with solutions compatible with different operating systems. They are particularly offering cloud-based design solutions that can aid in managing advertising content being displayed on digital signage.

The operational cost of companies is reduced by cutting down the use of paper for advertisement and deviating from traditional marketing activities. In addition, a combination of LED-backlit panels is resulting in substantial energy savings. A decrease in energy consumption owing to the adoption of enhanced technologies, which includes LED, is attracting enterprises to elect for digital signage. The West region accounted for the largest share in the market in 2021. It is estimated to remain the highest revenue-generating regional market until 2030. The Midwest region is projected to exhibit the highest growth rate during the forecast period owing to burgeoning sales of digital signage in multiple verticals of various states.

Raw material suppliers in the cold chain packaging market supply primary materials required for producing isolated containers, in addition to other packaging components. Insulating materials used in cold chain packaging include expanded or extruded polystyrene, polyurethane, and polyethylene. These are manufactured using core materials such as silica or fiberglass in a multilayer polymer or vacuum aluminized coating. Thermal Conservation Technologies; va-Q-tec AG; and Thermal Visions, Inc. are some of the raw material providers in U.S. Some of the prominent companies operating in the market are Cisco Systems, Inc.; Intel Corporation; Microsoft Corporation; BrightSign, LLC; Keywest Technology, Inc.; Planar System Inc.; Scala, Inc.; and Hughes Network Systems LLC.

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U.S. Digital Signage Market Report Highlights

• The LCD segment, on the basis of display technology, accounted for the largest revenue share in 2021 owing to lower manufacturing costs and benefits associated with the LCD technology
• The retail industry was the most prominent application segment in the market in 2021. It is estimated to retain its position through 2028, as there is high competition in the industry, which augments the need for innovative advertising mediums
• Transparent LED screens, based on display type, are projected to witness the highest CAGR during the forecast period as the high level of transparency and resolution offered by them proves to be lucrative for advertisers
• The hardware segment, which includes displays and media players, is anticipated to dominate the market throughout the forecast horizon as users remain keen on adopting different types of displays
• The out-store segment is expected to witness a considerable growth rate owing to the growing adoption of digital signage in various outdoor applications
• The West region was the highest revenue-generating region in 2021 owing to the adoption of digital signage across applications and the region comprises the largest number of digital signage companies which manufacture electronic display products.

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U.S. Digital Signage Market Segmentation

Grand View Research has segmented the U.S. digital signage market based on component, hardware components, display type, display technology, display size, software, application, location, and region:

U.S. Digital Signage Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

U.S. Digital Signage Hardware Components Outlook (Revenue, USD Million, 2017 - 2030)

• Displays
• Media Players & Extenders
• Others (Mounting Devices & Components)

U.S. Digital Signage Display Type Outlook (Revenue, USD Million, 2017 - 2030)

• Video Walls
• Video Screens
• Transparent LED Screens
• Digital Posters
• Kiosks
• Others

U.S. Digital Signage Display Technology Outlook (Revenue, USD Million, 2017 - 2030)

• LCD
• LED
• Projection

U.S. Digital Signage Display Size Outlook (Revenue, USD Million, 2017 - 2030)

• Below 32 Inches
• 32 to 52 Inches
• More than 52 Inches

U.S. Digital Signage Software Outlook (Revenue, USD Million, 2017 - 2030)

• Display Software
• Audience Analytics & Engagement Software

U.S. Digital Signage Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail
• Hospitality
• Entertainment
• Stadiums & Playgrounds
• Corporate
• Banking
• Healthcare
• Education
• Transportation

U.S. Digital Signage Location Outlook (Revenue, USD Million, 2017 - 2030)

• In-store
• Out-store

U.S. Digital Signage Regional Outlook (Revenue, USD Million, 2017 - 2030)

• Northeast
  • New York
  • Maryland
  • Pennsylvania
• Southeast
  • Florida
  • North Carolina
• West
  • California
  • Idaho
  • Nevada
• Midwest
  • Illinois
  • Ohio
  • Nebraska
  • Minnesota
• Southwest
  • Texas

List of Key Players of U.S. Digital Signage Market

• NEC Display Solutions of America, Inc.
• BrightSign LLC
• Planar System Inc.
• Cisco Systems, Inc.
• Intel Corporation
• Microsoft Corporation
• Keywest Technology, Inc.
• Scala, Inc.
• Visix, Inc.
• Panasonic Corporation of North America
• Hughes Network Systems LLC

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.