Market Research Size

Tuesday 4 May 2021

India Online Grocery Market to Witness a Pronounce Growth During 2021 – 2028: Grand View Research Inc.

India Online Grocery Market Growth & Trends

The India online grocery market size is projected to reach USD 38.9 billion by 2028, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 37.1% from 2021 to 2028. The online grocery market in India has been thriving with consumers favoring the convenience of online shopping over neighborhood grocery retailers. Amid the COVID-19 pandemic, people have been careful to step out from the safety of their homes.

A rising number of individuals are shifting toward online grocery shopping for meeting their needs during the time of social distancing. The online grocery market in India, while still in its nascent stage, witnessed remarkable growth during the pandemic period and is set to pick up significantly as social distancing becomes the new normal and as traditional grocery retailing loses appeal across hitherto experience. Additionally, growing smartphone usage, coupled with the proliferation of the internet, is a key factor expected to boost market growth over the forecast period.

Furthermore, a rise in investments of Venture Capital and Private Equity (PE) funds into India's consumer internet and online retail sectors are likely to support the growth of the market. Moreover, in the coming years, the industry is expected to be driven by consumers using local languages over English from Tier-I as well as Tier-II and III cities. Hence, key players in the market are looking forward to adapting their platforms to local languages and establish improved voice search features to build their potential consumer base. Other appealing offers like fast delivery or same-day delivery, low delivery charges, cashback offers, and flexible return policies by online grocery platforms are also expected to drive the market in the foreseeable future.

Online grocery shopping is seen to be highly convenient and user-friendly; however, it has its challenges. A personalized experience, lack of physical evidence, and checking the product for its freshness before the purchase is absent while shopping online. The growing awareness of fitness and well-being, eating fresh and healthy food raises concerns about buying groceries online. Moreover, frauds associated while making an online purchase and payments, delays in the delivery, and delivery of damaged or expired goods are some of the other factors that are likely to hinder the market growth. Nevertheless, the adoption of the Internet of Things (IoT) is projected to provide lucrative opportunities for the market over the forecast period. IoT aids e-commerce companies keep track of their inventory with the use of IoT enabled devices within the network. These IoT-enabled devices help retailers provide real-time data and analyze the demand for several products across different regions and cities.

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India Online Grocery Market Report Highlights

Based on product type, the staples and cooking essentials segment dominated the market with a share of 33.9% in 2020 owing to the constant shopping of staples
The online payment method segment is expected to expand at the fastest CAGR over the forecast period. India’s online grocery market, traditionally dominated by cash, is evolving to meet the demands of its increasingly smartphone-led online shopping culture, with cards and digital wallets rising in prominence
By region, South India accounted for 34.6% share in 2020 and is expected to witness significant growth over the coming years. The West India region is anticipated to witness the second-highest growth over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/india-online-grocery-market-analysis

India Online Grocery Market Segmentation

Grand View Research has segmented the India online grocery market on the basis of product type, payment method, and region:

India Online Grocery Product Type Outlook (Revenue, USD Million, 2017 - 2028)

Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others

India Online Grocery Payment Method Outlook (Revenue, USD Million, 2017 - 2028)

Online
Offline (Cash on Delivery)

India Online Grocery Regional Outlook (Revenue, USD Million, 2017 - 2028)

South India
North India
West India
East India

List of Key players of India Online Grocery Market

Amazon India Pvt. Ltd.
Godrej Nature's Basket Ltd.
Grofers India Pvt. Ltd.
Paytm E-Commerce Pvt. Ltd. (Paytm Mall)
Reliance Retail Ltd. (Reliance Fresh)
Spencer's Retail
Supermarket Grocery Supplies Pvt. Ltd. (BigBasket)
UrDoorstep eRetail Pvt. 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.

Data Collection And Labeling Market Latest Innovations, Drivers and Industry Key Events by 2028

Data Collection And Labeling Market Growth & Trends

The global data collection and labeling market size is expected to reach USD 8.22 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 25.6% from 2021 to 2028. Data collection and labeling refer to the process of collecting datasets from online sources and other sources and labeling them based on their nature, data type, and feature. Data gathering and its annotation, combined with artificial intelligence (AI) technology, have created valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the image processing technology in terms of audience engagement as they have created a more connected experience by encouraging users to share images and tag their friends.

The advent of digital capturing devices, particularly cameras built into smartphones, has led to an exponential growth in the volume of digital content in the form of images and videos. A vast amount of visual and digital information is being captured and shared through several applications, websites, social networks, and other digital channels. Several businesses have leveraged this available online content to deliver smarter and better services to their customers, with the use of data annotation. For instance, Scale AI, Inc., the U.S.-based tech start-up, has provided valuable data labeling services to its autonomous driving customers, including Waymo LLC; Lyft, Inc.; Zoox; and Toyota Research Institute.

However, data cleaning remains a significant challenge involved in data labeling. Also, considering the time, complexity, and cost associated with the development of machine learning models, many companies may not have the resources who can produce acceptable and accurate results. Therefore, several companies are taking strategic initiatives to expand their business in the field of artificial intelligence-based data gathering. For instance, in July 2020, Microsoft acquired Orions Digital Systems, Inc., a U.S.-based data management solutions provider, to boost its Dynamics 365 Connected Store capabilities. This acquisition is anticipated to proliferate the use of computer vision and IoT sensors to help retailers better understand customer behavior and manage their physical spaces.

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Data Collection And Labeling Market Report Highlights

Automated image organization offered by cloud-based applications and telecom companies is one of the most popular uses of data gathering that has improved the users’ experience and drawn the customers’ attraction towards this technology
Several benefits, such as better security and automation of identification, are the factors encouraging the implementation of facial recognition at significant public spaces or events

The advent of large-scale cloud-hosted AI and machine learning platforms offered by tech giants, has led to the implementation of data annotation with multiple functions such as facial recognition, object recognition, and landmark detection
The growing integration of digital image processing and mobile computing platforms in various applications such as digital shopping and document verification are propelling market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-data-collection-labeling-market

Data Collection And Labeling Market Segmentation

Grand View Research has segmented the global data collection and labeling market based on data type, vertical, and region:

Data Collection And Labeling Data Type Outlook (Revenue, USD Million, 2017 - 2028)

Audio
Image/ Video
Text

Data Collection And Labeling Vertical Outlook (Revenue, USD Million, 2017 - 2028)

IT
Automotive
Government
Healthcare
BFSI
Retail & E-commerce
Others

Data Collection And Labeling Regional Outlook (Revenue, USD Million, 2017 - 2028)

North America
- US.
- Canada
- Mexico
Europe
- UK.
- Germany
- France
Asia Pacific
- China
- Japan
- India
South America
- Brazil
Middle East and Africa (MEA)

List of Key Players of Data Collection And Labeling Market

Reality AI
Globalme Localization Inc.
Global Technology Solutions
Alegion
Labelbox, Inc
Dobility, Inc.
Scale AI, Inc.
Trilldata Technologies Pvt Ltd
Appen Limited
Playment Inc

About Grand View Research

Attractive Market Opportunities in the Autonomous Vehicle Market by 2030: Grand View Research Inc.

Autonomous Vehicle Market Growth & Trends

The global autonomous vehicle market demand is expected to reach 4.2 million units by 2030, expanding at a CAGR of 63.1% over the forecast period, according to a new report by Grand View Research, Inc. An autonomous vehicle is a combination of various networking systems and sensors that assist the computer in driving the vehicle. Several technology providers such as Google LLC and Tesla Motors have also entered the market and are contributing to the research and development of autonomous vehicles.

The automobile industry is dynamic as it is undergoing changes with advancements in technologies. Several major players in the industry, such as General Motors Company, Volkswagen AG, Mercedes-Benz, and BMW AG, are making significant investments in the research and development of technologies. Growing trend of autonomous vehicles in the automotive industry is attracting larger investments in the development of these automobiles.Moreover, the U.K. government has granted permission to test self-driving cars on public roads. Furthermore, the Federal Department of Environment, Transport, Energy and Communications (DETEC) in Switzerland has permitted driverless testing on the streets of Zurich.

The market has been segmented on the basis of application into transportation and defense. The transportation segment is expected to account for a significant share in the self-driving car market over the forecast period. The defense segment is expected to witness the highest growth over the forecast period. North America accounted for the largest share of the overall revenue in 2020. Demand for self-driving vehicles is expected to increase over the forecast period in line with rising government regulations and increased acceptance of self-driving vehicles in U.S.

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Autonomous Vehicle Market Report Highlights

Demand for autonomous cars is expected to witness a rise in the coming years owing to increasing government regulations in various developed and developing nations
Based on application, the transportation segment is expected to expand at the highest CAGR of 86.4% over the forecast period
Countries including U.S., China, and Japan are expected to witness significant growth over the forecast period owing to the large-scale testing and adoption of autonomous cars or trucks in the transportation sector
Audi AG; BMW AG; Daimler AG; Ford Motor Company; General Motors Company; Google LLC; Honda Motor Co., Ltd.; Nissan Motor Company; Tesla; Toyota Motor Corporation; Uber Technologies, Inc.; Volvo Car Corporation; Volkswagen AG are some of the key players in the self-driving vehicles market.

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

Autonomous Vehicle Market Segmentation

Grand View Research has segmented the global autonomous vehicle market on the basis of application and region:

Autonomous Vehicles Application Outlook (Volume, Thousand Units, 2020 - 2030)

Transportation
- Industrial
- Commercial
Defense

Autonomous Vehicles Regional Outlook (Volume, Thousand Units, 2020 - 2030)

North America
- US.
- Canada
- Mexico
Europe
- Germany
- UK.
- France
- Netherlands
- Sweden
Asia Pacific
- China
- Japan
- Singapore
- Australia
South America
- Brazil
Middle East and Africa

About Grand View Research

Real-Time Payments Market to Penetrate Untapped Regions During the Forecast Period: Grand View Research Inc.

Real-Time Payments Market Growth & Trends

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

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

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

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

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Real-Time Payments Market Report Highlights

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-real-time-payments-market

Real-Time Payments Market Segmentation

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

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

P2B
B2B
P2P
Others

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

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

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

Cloud
On-premise

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

Large Enterprises
Small & Medium Enterprises

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

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

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

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

List of Key Players of Real-Time Payments Market

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

About Grand View Research

Monday 3 May 2021

Telecom Services Market to Undertake Strapping Growth By 2028

Telecom Services Market Growth & Trends

The global telecom services market size is expected to reach USD 2.47 trillion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2021 to 2028. Increased spending on next-generation wireless communication infrastructures due to the shift in customer preferences toward the 5G network and cloud-based technology is primarily driving the demand for telecom services. Furthermore, soaring demand for high-speed data connectivity, the rapid spread of digitalization worldwide, and the explosion of consumer-generated multimedia content via Over-The-Top (OTT) applications are some of the other key factors that are expected to significantly contribute to the industry growth.

With the plurality of telecom services, networks, and providers, the sector has emerged as one of the acute components essential for global socio-economic development. The rapid adoption of smartphone devices is another dynamic that has majorly contributed to the growth of the global telecom industry and has manifested in the businesses of telecom companies. The migration of cellular devices from feature phones to 5G-enabled smartphones has generated a massive demand for high bandwidth connectivity, improved voice services, and other value-added services, thereby fueling the market growth over the forecast period.

Network Functions Virtualization (NFV) and Software-Defined Networking (SDN) are the telecom network architectures that provide wider and improved connectivity at reduced infrastructure costs. These architectures based on network abstraction processes are envisioned to transform the global communication industry over the coming years. While NFV allows network slicing to offer customized solutions to varied industries, SDN enables the communication service providers to work in partnership with a broader ecosystem. These services are anticipated to offer efficient network connectivity and support the new era of 5G networks.

The outbreak of COVID-19 has compelled governments worldwide to announce national lockdowns in the initial days. The in-home isolation of the worldwide population has given a pathway to digital entertainment platforms. The growing demand for video streaming services on applications, such as Netflix, YouTube, and Amazon, has raised the usage of data services. Additionally, the shutdown of several businesses across the globe, coupled with a significant impact on the global economy, has hampered the overall market growth in 2020. However, with the significant investments made by federal governments across key countries, such as the U.S., China, India, the U.K., and Germany, to bring their economies’ growth on track, the market is expected to witness considerable growth from 2021 to 2028.

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Telecom Services Market Report Highlights

By service type, in 2020, the mobile data services segment accounted for the largest share of nearly 33.0% owing to the rapidly growing usage of data services for multiple applications, such as smartphones, OTT, cloud augmented reality (AR) & virtual reality (VR) gaming, smart cities, and UHD video access
Based on transmission, the wireless segment is anticipated to expand at the fastest CAGR from 2021 to 2028. The significant growth is attributed to the augmenting demand for mobile services among consumers and businesses
In 2020, Asia Pacific accounted for the largest revenue share of over 32.0% and is anticipated to maintain its lead over the forecast period. This is mainly on the account of the rapidly growing population, rising internet penetration rate, and significant adoption of smartphones
Several prominent players across the globe are aggressively investing in deploying next-generation 5G network infrastructure in order to capture a significant customer base and increase their overall sales and profitability

Access Press Release@ https://www.grandviewresearch.com/press-release/telecom-services-market

Telecom Services Market Segmentation

Grand View Research has segmented the global telecom services market on the basis of service type, transmission, end-use, and region:

Telecom Services Type Outlook (Revenue, USD Billion, 2017 - 2028)

Fixed Voice Services
Fixed Internet Access Services
Mobile Voice Services
Mobile Data Services
Pay-TV Services
Machine-to-Machine (Mobile IoT) Services

Telecom Services Transmission Outlook (Revenue, USD Billion, 2017 - 2028)

Wireline
Wireless

Telecom Services End-use Outlook (Revenue, USD Billion, 2017 - 2028)

Consumer/Residential
Business
- IT & Telecom
- Manufacturing
- Healthcare
- Retail
- Media & Entertainment
- Government & Defense
- Education
- BFSI
- Energy and utilities
- Transportation & Logistics
- Travel & Hospitality
- O&G and Mining
- Others

Telecom Services Regional Outlook (Revenue, USD Billion, 2017 - 2028)

North America
- US.
- Canada
Europe
- UK.
- Germany
- France
- Italy
Asia Pacific
- China
- India
- Japan
- South Korea
Latin America
- Brazil
- Mexico
Middle East & Africa (MEA)

List of Key Players of Telecom Services Market

AT&T Inc.
Verizon Communications Inc.
Nippon Telegraph and Telephone Corporation (NTT)
China Mobile Ltd.
Deutsche Telekom AG
SoftBank Group Corp.
China Telecom Corp Ltd.
Telefonica SA
Vodafone Group
KT Corporation
Bharati Airtel Limited
Reliance Jio Infocomm Limited,
KDDI Corporation
Orange SA
BT Group plc
Comcast Corporation

About Grand View Research

5G Chipset Market is Likely To Touch USD 66.45 Billion by 2028: Grand View Research Inc.

5G Chipset Market Growth & Trends

The global 5G chipset market size is expected to reach USD 66.45 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 69.1% from 2021 to 2028. The rapidly rising demand for ultra-reliable and low-latency data networks capable of delivering seamless connectivity is estimated to boost market growth over the forecast period. As such, the 5G chipset is turning out to be an integral part of modern telecommunication equipment. 5G chipsets can be found in the latest smartphones, laptops, base stations, modems, and routers. These chipsets are also being installed in connected vehicles deployed as part of autonomous vehicle systems to provide improved Vehicle-to-Everything (V2X) connectivity.

The growing popularity of 5G-enabled smartphones is emerging as a major factor that is estimated to propel market growth over the forecast period. Key smartphone manufacturers are responding to the growing demand for 5G smartphones by aggressively investing in vertical integration in order to diversify their businesses and augment revenues. For instance, in July 2019, Apple, Inc. acquired Intel Corporation’s smartphone modem business segment for USD 1.0 billion. The acquisition was primarily focused on developing 5G chipset components for Apple Inc.’s new upcoming 5G-enabled iPhone.

5G chipset components are expected to play a crucial role in smart city projects by facilitating seamless connectivity for smart infrastructure, smart grids, smart streetlights, and building energy automation devices. These chipsets are also poised to become an integral part of the manufacturing sector by enabling ultra-low latency and high-reliability connectivity for various critical applications, such as remote process monitoring and control. The growing deployment of these chipsets to provide robust connectivity for Machine to Machine (M2M) communications in the manufacturing sector is anticipated to drive the market over the forecast period.

With the rapidly spreading COVID-19, leading economies such as China, the U.S., and Japan have temporarily shut down their businesses and industrial operations. As a result, this has hampered the global 5G chipset production and sales. Thus, it is estimated to see a slowdown in the overall market growth during the forecast period. Furthermore, in key European countries, governments are facing major difficulties in progressing the 5G commercialization process in order to deliver enhanced data bandwidth to their people. For instance, currently, the France government has postponed the 5G auction process for telecom operators amid the outbreak of COVID-19 in the country. As a result, it is anticipated to impede the adoption of 5G devices in the country, thereby hampering the overall market growth over the forecast period.

Moreover, rising concerns over the security of the data being exchanged over fifth-generation networks are expected to hinder the market growth. Particularly in countries such as the U.S., the U.K., and Germany, governments are highly concerned about data security and privacy issues. Several governments have also drafted stringent regulations and policies to ensure the security of the data being transferred over fifth-generation networks.

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5G Chipset Market Report Highlights

The U.S. market held a 93.3% share in 2020. This is attributed to the enormous investments in developing 5G chipsets by key market players such as Qualcomm Incorporated; Intel Corporation; and Qorvo, Inc.
Asia Pacific is anticipated to register the highest CAGR from 2021 to 2028. The growth is attributed to rapidly increasing demand for 5G-enabled smartphones, along with the increasing massive investments in building 5G network infrastructure by key players, such as Huawei Technologies Co., Ltd.
By deployment type, in 2020, the smartphones/tablets segment held the largest share of nearly 55.0% due to an initial focus on developing 5G chipsets for smartphone applications, such as accessing UHD video and Augmented reality (AR)/ Virtual Reality (VR) gaming
Several key market players are significantly focusing on R&D investments to develop new 5G chipsets, such as multi-mode chipsets and single-mode standalone chipsets. This strategy is anticipated to help market players to expand their overall product portfolios and market presence

Access Press Release@ https://www.grandviewresearch.com/press-release/global-5g-chipset-market

5G Chipset Market Segmentation

Grand View Research has segmented the global 5G chipset market on the basis of frequency type, processing node type, deployment type, vertical, and region:

5G Chipset Frequency Type Outlook (Revenue, USD Million, 2019 - 2028)

sub-6GHz
mmWave
sub-6GHz + mmWave

5G Chipset Processing Node Type Outlook (Revenue, USD Million, 2019 - 2028)

7 nm
10 nm
Others

5G Chipset Deployment Type Outlook (Revenue, USD Million, 2019 - 2028)

Telecom Base Station Equipment
Smartphones/Tablets
- Single-mode
  - Standalone
  - Non-standalone
- Multi-mode
Connected Vehicles
- Single-mode
  - Standalone
  - Non-standalone
- Multi-mode
Connected Devices
- Single-mode
  - Standalone
  - Non-standalone
- Multi-mode
Broadband Access Gateway Devices
- Single-mode
  - Standalone
  - Non-standalone
- Multi-mode
Others
- Single-mode
  - Standalone
  - Non-standalone
- Multi-mode

5G Chipset Vertical Outlook (Revenue, USD Million, 2019 - 2028)

Manufacturing
Energy & Utilities
Media & Entertainment
IT & Telecom
Transportation & Logistics
Healthcare
Others

5G Chipset Regional Outlook (Revenue, USD Million, 2019 - 2028)

North America
- US.
- Canada
Europe
- UK.
- Germany
- Sweden
Asia Pacific
- China
- India
- Japan
- South Korea
Latin America
- Brazil
- Mexico
MEA (Middle East & Africa)

List of Key Players of 5G Chipset Market

Qualcomm Incorporated
Intel Corporation
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
MediaTek Inc.
Infineon Technologies AG.
Unisoc Communications, Inc.
Xilinx Inc.
Qorvo, Inc.

About Grand View Research

Yacht Market Projected to Discern Stable Expansion by 2028

Yacht Market Growth & Trends

The global yacht market size is expected to reach USD 12.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The market is expected to witness significant growth owing to the increasing coastal and marine tourism activities across the globe. Furthermore, the rising standard of living and growing corporate tourism activities across the globe are expected to further drive the market.

The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sports events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. A significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high-net-worth individuals are also likely to contribute to the growth of the regional markets.

According to the World Bank, High-Net-Worth Individuals (HNWI) account for less than 1% of the world’s total population and more than 40% of the world’s total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.

The increasing adoption rate has compelled manufacturers to invest in research and development on building yachts using high-strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, the digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.

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Yacht Market Report Highlights

The market is anticipated to experience a substantial CAGR of 5.2% on account of the growing emphasis on marine tourism
The sports yacht segment is anticipated to register the highest CAGR over the forecast period owing to its increasing adoption in personal as well as sports applications
The 20-to-50-meter length segment is expected to witness higher growth owing to the low operational cost, maintenance, and fuel consumption of yachts of this length size
Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to various initiatives undertaken by the government to boost marine tourism and the rising disposable income of individuals
The novel coronavirus severely impacted the market during the initial months of the pandemic as governments imposed strict lockdowns across various regions globally
The market is oligopolistic and is dominated by key players, such as Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a., Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), and Princess Yachts Limited

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

Yacht Market Segmentation

Grand View Research has segmented the yacht market report based on type, yacht length, propulsion, and region:

Yacht Type Outlook (Revenue, USD Million, 2017 - 2028)

Super Yacht
Flybridge Yacht
Sport Yacht
Long Range Yacht
Others

Yacht Length Outlook (Revenue, USD Million, 2017 - 2028)

Up to 20 Meters
20 to 50 Meters
Above 50 Meters

Yacht Propulsion Outlook (Revenue, USD Million, 2017 - 2028)

Motor Yacht
Sailing Yacht

Yacht Regional Outlook (Revenue, USD Million, 2017 - 2028)

North America
- US.
- Canada
Europe
- UK.
- Germany
- France
Asia Pacific
- India
- China
- Japan
Latin America
- Brazil
- Mexico
Middle East & Africa (MEA)

List of Key Players in the Yacht Market

Azimut Benetti S.p.A.
Damen Shipyards Group
Heesen Group
The San Lorenzo S.p.a
Sunseeker International
Ferretti S.p.A.
Alexander Marine International Co., Ltd. (AMI)
Princess Yachts Limited
Viking Yacht Company.

About Grand View Research

Pressure Sensor Market Set to Witness an Uptick during 2021 to 2028: Grand View Research Inc.

Pressure Sensor Market Growth & Trends

The global pressure sensor market size is expected to reach USD 24.48 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the growing application of pressure sensors in automotive, aviation, and consumer electronic appliances. The advancements in Microelectromechanical Systems (MEMS) technology and its rapid adoption in connected devices are expected to create opportunities for market growth over the forecast period.

Furthermore, increasing consumer preference for compact electronic appliances is creating the need for MEMS pressure sensors. MEMS is the technology that miniaturizes electro-mechanical and mechanical elements that are made using microfabrication techniques. Various companies are focused on providing MEMS pressure sensors for selective industries. For instance, Robert Bosch is providing MEMS pressure sensors for the consumer and automotive industries while Honeywell and NXP are focusing on automotive, medical, industrial, and aviation verticals.

Government bodies across the globe are making it mandatory to implement a tire pressure monitoring system, which is driving the demand for pressure sensors. For instance, in September 2020, the Ministry of Road Transport and Highways in India announced that the tire pressure monitoring system would become mandatory in India in the coming days. India's government is moving on the path of transforming the automotive industry to increase its contribution to GDP.

The COVID-19 pandemic is anticipated to impact market growth favorably in the near future. Heart failure is a major health problem and the leading cause of hospitalization in western countries. CardioMEMS is one of the therapeutic monitoring systems gaining traction in recent days. It is an advanced system that uses an implantable pulmonary artery pressure sensor. It was widely used for remote care for heart failure during the COVID-19 situation.

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Pressure Sensor Market Report Highlights

In terms of product, the absolute pressure sensor segment is expected to retain its dominance over the forecast period. The growing demand for absolute pressure sensors in applications that demand the provision of low-pressure range for the measurement of the vacuum level in industries is expected to drive the segment growth
In terms of type, the wired segment dominated the market in 2020 and is expected to witness growth over the forecast period. The growing demand for wired pressure sensors in the industrial and automotive sectors is driving the segment growth
In terms of technology, the piezoresistive segment dominated the market in 2020. The development of Microelectromechanical Systems (MEMS) is anticipated to drive the piezoresistive pressure sensor segment growth over the forecast period
In terms of application, the automotive segment dominated the market in 2020. Rapid growth in the usage of pressure sensors in the automotive industry, in equipment such as tire pressure measurement systems, exhaust gas recirculation systems, engine health management systems, and Pressure Monitoring Systems (TPMS), is expected to fuel the automotive segment growth
The increasing adoption of pressure sensors in emerging economies such as China and India is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

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Pressure Sensor Market Segmentation

Grand View Research has segmented the global pressure sensor market on the basis of product, type, technology, application, and region:

Pressure Sensor Product Outlook (Revenue, USD Million, 2016 - 2028)

Absolute Pressure Sensors
Differential Pressure Sensors
Gauge Pressure Sensors

Pressure Sensor Type Outlook (Revenue, USD Million, 2016 - 2028)

Wired
Wireless

Pressure Sensor Technology Outlook (Revenue, USD Million, 2016 - 2028)

Piezoresistive
Electromagnetic
Capacitive
Resonant Solid-State
Optical
Others

Pressure Sensor Application Outlook (Revenue, USD Million, 2016 - 2028)

Automotive
Oil & Gas
Consumer Electronics
Medical
Industrial
Others

Pressure Sensor Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America
- US.
- Canada
- Mexico
Europe
- UK.
- Germany
- France
- Russia
- Nordic Region
Asia Pacific
- China
- Japan
- India
- Australia
Latin America
- Brazil
- Argentina
Middle East & Africa
- UAE
- Saudi Arabia

List of Key Players in the Pressure Sensor Market

AlphaSense
City Technology Ltd.
Dynament Ltd.
Figaro Engineering Inc.
Membrapor AG.
Nemoto & Co., Ltd.
Robert Bosch LLC.
ABB Ltd.
Siemens AG.
GfG Europe Ltd

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Smart Glass Market Major Key Players And Latest Trend Analysis Till 2028

Smart Glass Market Growth & Trends

The global smart glass market size is expected to reach USD 7.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2021 to 2028. The growing demand across the transportation and architectural sectors is expected to fuel the market growth over the forecast period. Moreover, the growing trend of using smart technology in new buildings has propelled the demand for smart glass products in the architectural sector.

Modern-day glass solutions offer on-demand privacy in the form of dynamic glazing or smart glass. The technologically-advanced products can turn from clear to opaque in no time. Furthermore, smart glass can help transform the indoor experience by providing an outside view and preserving environmental sustainability. As a result, the demand for smart glass in hospitals, restaurants, and commercial buildings is soaring. Moreover, residential buildings are getting renovated to make them more energy efficient, thereby providing new business avenues for glass manufacturers.

The liquid crystal or PDLC smart glass technology segment is expected to grow at a substantial rate over the forecast period. The growth can be attributed to the operational feasibility of the technology offering a fast response time and optical translucency. Ultra-fast switching speed, low power consumption, and low haze are other benefits promoting manufacturers and product developers to increase the usage of liquid crystal glass in windows and partition walls. High stability for heat, UV, and moisture, low driving voltage, and long lifetime are the other factors driving the demand for PDLC smart glass.

Power generation is a key emerging application of smart glass technology. Researchers from Shanghai University have discovered the ideal material for smart windows that can convert sunlight into electricity. Smart windows designed to generate electricity could reduce the buildings' air-conditioning demand, making a sizeable environmental impact. Thus, architects and urban planners are increasingly focusing on the adoption of smart glass technology in new buildings.

The global market is highly competitive, with each manufacturer striving to provide superior products by differentiating them either on the basis of quality or service. Since smart glass is significantly costlier compared to its legacy counterpart, it is vital to ensure a good value proposition to gain market share. Smart glass manufacturers are focusing on integrating voice-activated controls in their products for window tinting. SAGE Electrochromics, Inc., a subsidiary of Saint-Gobain S.A., and Kinestral Technologies, Inc. are providing Amazon echo voice-activated technology for smart glass.

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Smart Glass Market Report Highlights

The increasing number of stringent regulations, such as the green building initiative by the European Union and the Building Energy Conservation Act, is expected to drive the market over the forecast period
The SPD technology segment is expected to register a significant growth rate during the forecast period. This can be attributed to its high functionality and pan-industry applications
The recent trend of having large sunroofs and panoramic roof panels in luxury cars is expected to intensify the demand for smart glass in transportation applications
Asia Pacific is an untapped market, which provides ample opportunity for smart glass manufacturers. The regional market is anticipated to register the highest CAGR of 9.0% during the forecast period

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

Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market based on technology, application, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2017 - 2028)

Electrochromic
Polymer Dispersed Liquid Crystal (PDLC)
Suspended Particle Devices (SPD)
Thermochromics
Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2017 - 2028)

Architectural
Transportation
- Automotive
- Aircraft
- Marine
Consumer Electronics
Power Generation

Smart Glass Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Smart Glass Market

AGC Inc.
ChromoGenics
Corning Incorporated
Gauzy Ltd.
Gentex Corporation
Guardian Industries
Kinestral Technologies, Inc.
Nippon Sheet Glass Co., Ltd.
PPG Industries, Inc.
RavenWindow
Research Frontiers Inc.
Saint-Gobain S.A.
Showa Denko Materials Co., Ltd.
Smartglass International Limited
VELUX Group
View, Inc.
Vision Systems

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Enterprise Governance, Risk and Compliance Market to Reflect Impressive Expansion by 2028

Enterprise Governance, Risk & Compliance Market Growth & Trends

The global enterprise governance, risk & compliance market size is expected to reach USD 97.3 billion by 2028, according to a new report by Grand View Research, Inc., recording a CAGR of 13.7% over the forecast period. The growing need to comply with regulations related to data privacy, business function, and IT infrastructure has compelled industries, such as BFSI, IT & telecom, and oil & gas, to adopt enterprise governance, risk & compliance (EGRC) solutions. For instance, the BFSI sector is required to comply with regulations that safeguard the interest of investors. Non-compliance can lead to huge monetary losses or cancellation of operating licenses.

Moreover, EGRC offers a range of benefits, such as efficient management of policies, audits, compliances, risks, and incident response, enabling companies to effectively safeguard their operations. All these factors are contributing to the growing demand for EGRC across enterprises. The integration of analytics and big data technology with EGRC solutions has resulted in enhanced operational features, offering new growth prospects for the market.

Potential advancements in big data, IoT, artificial intelligence, and cloud computing in GRC solutions are expected to augment the industry growth. The consequent need for regularly monitoring and analyzing the rising volumes of digital data to ensure data security and privacy protection, coupled with mandatory compliance are driving the demand for EGRC. Countries with continuously growing economies, such as China, Japan, India, Brazil, France, and Germany, often change or upgrade their regulations for international and national trades.

This requires enterprises to stay abreast with updated EGRC solutions and be wary of the potential risks of non-compliance. Advanced EGRC solutions are capable of handling data-driven GRC using big data, and data analytics tools. Moreover, appropriate governance ensures the economic growth and success of an enterprise. Robust corporate governance enables investors to maintain their confidence and helps enterprises in effectively raising funds.

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Enterprise Governance, Risk & Compliance Market Report Highlights

The BFSI segment accounted for the largest market share in 2020 and is anticipated to record a CAGR exceeding 10.0% over the forecast period due to the stringent regulatory policies across the financial sector that safeguards public money and investor interest
The compliance management segment is expected to register the fastest CAGR over the forecast period
Compliance management is the essence of the EGRC solution, which monitors the changes in governance policies or updates in regulations to ensure compliance and prevent financial losses due to non-compliance
North America led the global market in 2020 and is expected to maintain its dominance even during the forecast period
The presence of many large-scale enterprises that are prone to financial and reputational losses due to risks of non-compliance and data theft are contributing to the market growth in North America

Access Press Release@ https://www.grandviewresearch.com/press-release/global-enterprise-governance-risk-compliance-egrc-market

Enterprise Governance, Risk & Compliance Market Segmentation

Grand View Research has segmented the global enterprise governance, risk & compliance market on the basis of component, software, services, enterprise type, vertical, and region:

EGRC Component Outlook (Revenue, USD Million, 2016 - 2028)

Software
Services

EGRC Software Outlook (Revenue, USD Million, 2016 - 2028)

Audit Management
Compliance Management
Risk Management
Policy Management
Incident Management
Others

EGRC Services Outlook (Revenue, USD Million, 2016 - 2028)

Integration
Consulting
Support

EGRC Enterprise Type Outlook (Revenue, USD Million, 2016 - 2028)

Small and Medium Enterprise (SME)
Large Enterprise

EGRC Vertical Outlook (Revenue, USD Million, 2016 - 2028)

BFSI
Construction & Engineering
Energy & Utilities
Government
Healthcare
Manufacturing
Retail & Consumer Goods
Telecom & IT
Transportation & Logistics
Others

EGRC Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Enterprise Governance, Risk & Compliance (EGRC) Market

SAP SE
MetricStream, Inc.
Thomson Reuters
Wolters Kluwer
IBM
Microsoft
Oracle
SAS Institute
RSA Archer
FIS
Software AG
SAI Global
ProcessGene
LogicManager
NAVEX Global
Ideagen
Alyne
MEGA International

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