3 Key Insights on Competitive Landscape in Global Refractories Market

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Few Large Global Players Dominate the Market Holding ~50% of Revenue Share Despite Presence of about 500 Competitors Comprising a Large Number of Regional Players and Country-Niche Players, finds a recent market study on Asia Pacific Virtual Reality Market by Ken Research.

Global Players Who Comprise 5% in Terms of Number of Competitors Hold Dominant Revenue Share

Competitive Analysis by the Ken Research Study found that the Asia Pacific Virtual Reality market is highly competitive with ~500+ players which include globally diversified players, country-niche players as well as a large number of regional players having their own niche in Virtual Reality development and execution for specific segments. The large global players even though comprise just about 5% in terms of the number of companies, hold ~50% of the market revenue share followed by regional players which account for ~25% of the market revenue. Most of the country-niche players have specialized experiences to offer catering to a particular end-user industry or technology.

Specialist Players within Asia Pacific Virtual Reality Market Earn a Major Chunk of their Overall Revenues from this Segment

Detailed Comparative Analysis of Key Competitors revealed that for specialist player Eon Reality, the company’s Virtual Reality businesses generate ~75 of its global revenues. While for diverse players the share can be anywhere in the range of 1% to 5%. All leading global competitors are having a strong presence in the Asia Pacific Virtual Reality market and offer comprehensive Virtual Reality solutions.

For more information on the research report, refer to the below link:

Top Companies in Virtual Reality Market | Competitors in Virtual Reality Market

During and After the COVID Pandemic, Virtual Reality Witnessed Significant Growth as Businesses Started Adopting the Technology to Make Remote Management and Learning More Efficient

The outbreak of the Covid-19 pandemic initially resulted in supply chain disruptions, resulting in irregular deliveries of components, devices, equipment, and other relevant hardware required for the VR industry to grow. Moreover, reduced availability of in-house staff also decelerated the pace of production. However, for many industries, VR eventually became the tool to combat the effects of the pandemic, gradually boosting production in this space. Industries like healthcare used it to train medical professionals in a simulated environment. Defense and security authorities could continue training their fighter pilots, while travel and tourism companies – severely hit by the pandemic-induced restrictions – started offering fun experiences through VR. VR helped many other industries to simulate physical experiences in a virtual environment and continue with their businesses. Examples of such application areas of VR included retail pop-ups, car dealerships, bank branches, etc. All these factors helped the market get back on a growth trajectory since 2021. The market is expected to witness steady growth owing to the cost reduction benefits a simulated environment, created through the applications of VR technology, has to offer.

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Increased adoption of Virtual Reality in the Asia Pacific led to major industry-wide developments, acquisitions, collaborations, and deal-wins

• In September 2022, Meta collaborated with Qualcomm to design a customized chipset for extended reality platforms to deliver the next-generation platforms and core technologies to accelerate a fully immersive metaverse.
• At mobile world Congress 2022, HTC announced that HTC VIVE and Holoride would work together to bring VR entertainment to car passengers leveraging the advancement of 5G technology.
• In January 2022, Microsoft acquired Activision Blizzard which will bring experience and community of gaming to everyone. Activision Blizzard Inc. is a leader in gaming development and interactive entertainment content publishing and this acquisition will help the company to accelerate growth in Microsoft’s gaming business and will provide building blocks for the metaverse.
• Qualcomm is collaborating with VictoryXR to provide the Oculus Quest 2 headsets powered by the Qualcomm Snapdragon Mobile platform for VictoryXR’s VR education program.
• In September 2022, Sony Interactive Entertainment announced a partnership starting with 3 million contributions to USC Games Gerald. The partnership of Sony Interactive Entertainment with USC Games is expected to offer students game development and design studying opportunities.

For more information on the research report, refer to the below link:

Potential Investors in Virtual Reality Companies

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3 Key Insights on $16 Bn Opportunity in Asia Pacific Virtual Reality Market

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3 Key Insights on US$ 450 Bn Opportunity in the Global Athleisure Market: Ken Research

 Driven by an Increase in Consumer Fitness and Health Consciousness, Fueling Desire for Stylish Yet Comfortable Clothing, the Global Athleisure Market is Forecasted to Cross US$ 450 Bn by 2028 says Ken Research Study.

Athleisure is a hybrid style of clothing that combines athleticism and leisure and is intended to be both comfortable and durable enough for active use. It is frequently worn during athletic events as well as in other places, such as the workplace, school, or other informal or social gatherings.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1.   Advanced Features in Sports Apparel Have Increased the Market’s Growth Rate

According to Research estimates, the Global Athleisure Market – which was valued from around US$ 200 Bn in 2017 to nearly US$ 300 Bn by 2022 – is expected to grow further to more than US$ 450 Bn opportunity by 2028.

New products are being introduced by manufacturers that were manufactured with sturdy, long-lasting materials. Consumer interest has been piqued by the availability of sports apparel with improved features like moisture management, temperature control, and other performance-enhancing qualities that reduce the risk of injury and discomfort.

Due to all of these distinctive traits, customers are willing to pay more for these extra advantages. Thus, it has become more common for people to dress in sporting gear while enjoying their free time.

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2.   Increasing Wellness Trend to Propel the Market Growth

Wellness has developed from a specialized lifestyle choice to a new status symbol and an industry-spanning expression of personal values that spans high-end travel, high-end beauty, and exercise. Streetwear athleisure trends, which are driven by modern affluent customers' need to combine comfort and style, have had a big impact on luxury fashion. Luxury brands are releasing new athletic products including shirts, leggings, and shorts to capitalize on the rising athletic wear which is in turn benefiting the Global Athleisure Market as today's wealthy shoppers require more luxurious clothing options that are both convenient and fashionable.

3.   Increasing Product Sales of Counterfeit Products Impacted the Market Negatively

Consumer fraud in the form of product counterfeiting occurs when a product is sold under false pretences. Products that are unlawfully manufactured yet seem like the real thing are called counterfeits. These products are often of lesser performance, dependability, or durability. It is important to learn as much as possible about the marketplaces for luxury goods and counterfeit goods, as well as about the consumers in each of these areas. Due to the customer's reliance on the seller's information, which is susceptible to manipulation, many counterfeit items are bought online.

The Internet enables counterfeiters to market fraudulent items without first being examined by consumers. Therefore, if the product is presented online in an intricate and sophisticated fashion, it will positively affect users' impressions of the legitimacy of items, which will enhance users' readiness to buy online. This is, therefore, negatively impacting the market growth.

For more information on the research report, refer to the below link:

Global Athleisure Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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3 Key Insights on Competitive Landscape in Global Pet Food Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding ~45% of Revenue Share Despite the Presence of about ~200 competitors comprising a Large Number of Country-Niche Players and Regional Players, finds a recent market study on Global Pet Food Market by Ken Research

Pet foods are specialized foods produced from plant-based or animal-based food ingredients and prepared to meet the nutritional needs of domesticated animals. Pet foods are created in unique forms and have eye-catching hues to appeal to owners, and special flavor enhancers are added to enhance the taste so that animals can easily consume the food. Pet food is animal feed that is meant to be consumed by pets. It is commonly available at pet stores and supermarkets and is particular to the animal, such as dog food or cat food.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Global Players Who Comprise 20% in Terms of the Number of Competitors Hold the Dominant Revenue Share

Competitive Analysis by the Ken Research Study found that the Global Pet Food Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the pet food. The regional players comprise just about ~45% in terms of the number of companies, followed by country-niche players accounting for ~35% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create pet food products often get acquired by large global players seeking to grow and diversify quickly.

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2. Leading Specialist Global Players' Ongoing Efforts To Provide Pet Food To a Variety of Industries Drive the Growth of the Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist company, such as Hill's Pet Nutrition, Inc. The J.M. Smucker Company and  Nestlé Purina are highly focused on providing a significant number of pet food products that can be used across the pet industries.

• In October 2019, Hill's Pet Nutrition introduced a new line of functional dog treats that are specially made to help dogs with weight issues, physical issues, food allergies, and dental issues.
• In July 2021, KARMA, a new line of plant-first dog food from Mars Petcare, was introduced. The best novel and inventive dog food is Karma. For the ideal combination of flavor and nutrition, this plant-first dog food is made with more than 60% plants and enhanced with white fish or real chicken.

3. Government Initiatives to Aid in the Expansion of the Global Market for Pet Food Market

• In April 2021, the Indian government has taken action to close the demand-supply gap and also is supporting the private sector to invest in the establishment of an animal feed plant under the US$ 15 billion worth Animal Husbandry Infrastructure Development Fund (AHIDF) scheme, as per statements that the pet industry in India is growing at a faster rate.

In September 2019, the USA Department of Agriculture (USDA), Veterinary Services regulates raw pet food as a commercial good and necessitates importers to apply for and acquire an import permit before entering the USA with these items due to the elevated danger of animal infections.

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Key Topics Covered in the Report

• Snapshot of the Global Pet Food Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Pet Food Market
• Historic Growth of the Overall Global Pet Food Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Pet Food Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Pet Food Market
• Future Market Forecast and Growth Rates of the Total Global Pet Food Market and by Segments
• Market Size of Application Segments with Historical CAGR and Future Forecasts
• Analysis of Global Pet Food in Major Regions
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the Report

• Mars, Incorporated
• Hill's Pet Nutrition, Inc.
• The J.M. Smucker Company.
• Schell & Kampeter, Inc.
• The Hartz Mountain Corporation
• Nestlé Purina
• Blue Buffalo Company, Ltd.
• Wellness Pet Company, Inc.
• Tiernahrung Deuerer GmbH
• Head up for tails

Notable Emerging Companies Mentioned in the Report

• Lafeber Co.
• 4Legs Pet Food Company
• Champion Petfoods.
• Betagro Public Company Limited
• Fromm Family Foods LLC.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Pet Food Companies
• Animal Welfare Associations
• Pet Food Manufactures
• Pet Food Supplier
• Company Research and Development Institutes
• Market Research & Consulting Firms
• Banking and Financial Service Providers
• Government & Regulatory Authorities
• Raw Meat Suppliers
• Investors in Pet Food Start-ups
• Start-ups & Incumbents in Pet Food Sector
• Certification & Inspection Companies
• Marketing Agencies
• Online Retail Platforms

For More Information on the Research Report, refer to below links: –

Global Pet Food Market: Ken Research

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3 Key Insights on US$ 125 Bn Opportunity in Global Pet Food Market: Ken Research

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Some of the primary factors which are driving the pet food market are an increase in per capita disposable income, an increase in the tendency of nuclear families, and a quick increase in humanization, the Pet Food Market is Forecasted to Reach US$ 125 Bn by 2028 says Ken Research Study.

Pet foods are specialized foods produced from plant-based or animal-based food ingredients and prepared to meet the nutritional needs of domesticated animals. Pet foods are created in unique forms and have eye-catching hues to appeal to owners, and special flavor enhancers are added to enhance the taste so that animals can easily consume the food. Pet food is animal feed that is meant to be consumed by pets. It is commonly available at pet stores and supermarkets and is particular to the animal, such as dog food or cat food.

According to Ken Research estimates, the Global Pet Food Market – which grew from around US$ 75 billion in 2017 to nearly US$ 95 billion in 2022 – is expected to grow further into a ~US$ 125 billion opportunity by 2028.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

Increasing Pet Food Manufacturers' Innovation to Positively Influence the Market

To meet the needs of diverse species of animals belonging to various age groups, the major players in the global market are concentrating on releasing a variety of pet food products. This is expected to drive global market demand. Companies including General Mills, Nestle, and Mars Inc. have launched luxury food items in recent years to attract customers' attention and meet the requirements of expanding pet foods. For instance, to better utilize the resources of the planet, Nestle Purina introduced pet food in November 2020 that is based on alternative proteins. Insects and millet and fava bean proteins are included in the variety.

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Growing Pet Humanization Propelling the Growth of the Global Pet Food Market

Pet humanization has gained a lot of attention in the mainstream media recently. A significant and defining trend in the pet food industry, particularly in industrialized nations, is the transition from pet ownership to pet parenting. In developed nations, more than one-third of families have a pet. According to the National Pet Owners Survey (2019–20), which was done by the American Pet Products Association (APPA), more than 85 million households in the USA have one or more pets, with dogs making up the majority of those. It follows that the pet food market is expected to grow as pets become more humanized.

Pets are now seen as members of the family as a result of this trend toward pet humanization. Consumers' willingness to spend more on pet food is influenced by the growing attachment between pet owners and their animals. Consumers are becoming more concerned about their pets' health and are purchasing high-nutritional-value pet food for the benefit of their beloved dogs. Nowadays, pet owners are looking for pet consumables that are not only locally produced and natural but also have special health benefits.

Pet Food's High Cost and Stringent Regulations Hampers Market Growth.

Pet food is one of the food items with stringent regulations, particularly in western markets. Pet foods are carefully inspected in developed markets at every stage, from the ingredients used in food preparation to sales and marketing. The high standards required for commercialization may be a significant barrier to the market's expansion. Additionally, a barrier to the market's expansion may also be some developing economies' lesser acceptance of premium or expensive pet foods.

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Key Topics Covered in the Report

• Snapshot of the Global Pet Food Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Pet Food Market
• Historic Growth of the Overall Global Pet Food Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Pet Food Industry
• Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
• COVID-19 Impact on the Overall Global Pet Food Market
• Future Market Forecast and Growth Rates of the Total Global Pet Food Market and by Segments
• Market Size of Application Segments with Historical CAGR and Future Forecasts
• Analysis of Global Pet Food in Major Regions
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the Report

• Mars, Incorporated
• Hill's Pet Nutrition, Inc.
• The J.M. Smucker Company.
• Schell & Kampeter, Inc.
• The Hartz Mountain Corporation
• Nestlé Purina
• Blue Buffalo Company, Ltd.
• Wellness Pet Company, Inc.
• Tiernahrung Deuerer GmbH
• Head up for tails

Notable Emerging Companies Mentioned in the Report

• Lafeber Co.
• 4Legs Pet Food Company
• Champion Petfoods.
• Betagro Public Company Limited
• Fromm Family Foods LLC.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Pet Food Companies
• Animal Welfare Associations
• Pet Food Manufactures
• Pet Food Supplier
• Company Research and Development Institutes
• Market Research & Consulting Firms
• Banking and Financial Service Providers
• Government & Regulatory Authorities
• Raw Meat Suppliers
• Investors in Pet Food Start-ups
• Start-ups & Incumbents in Pet Food Sector
• Certification & Inspection Companies
• Marketing Agencies
• Online Retail Platforms

For More Information on the Research Report, refer to below links: –

Global Pet Food Market: Ken Research

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5 Key Insights on US$ 5 Bn Opportunity in Global Thermoplastic Polyurethane Market: Ken Research

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Driven By the Rising Consumption of Thermoplastic Polyurethane Material In Automotive and Footwear Industries, Global Thermoplastic Polyurethane Market is forecasted to Cross US$5 Bn by 2028 says Ken Research Study.

Thermoplastic Polyurethane is an elastomer that can be processed by using various forms of conventional methods such as injection molding, extrusion, and compression molding. Thermoplastic Polyurethane (TPU) has the characteristics of both plastic and rubber and thus exhibits properties like durability, flexibility as well as excellent tensile strength. It is a type of block copolymer consisting of alternating sequences of hard and soft segments that makes it ideal to be used for applications such as footwear, wire and cable, film and sheet, compounding, adhesives, and specialty molded parts.

“Ken Research shares 3 key insights on this high-opportunity market from its latest research study” 

1. Replacement of Polyvinyl Chloride (PVC) in Medical Applications by Thermoplastic Polyurethane (TPU) provides an opportunity for the Market Growth

According to Ken Research Analysis, the Global Thermoplastic Polyurethane Market was valued at ~US$ 2 billion in 2017. It is estimated to be ~US$ 3 billion in 2022 and is forecasted to reach a market size of ~US$ 5 billion by 2028, growing at a CAGR of ~7% during 2022 to 2028, due to the increasing usage of Thermoplastic Polyurethane in footwear, automotive, and construction industries.

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Thermoplastic Polyurethane materials are used in almost all markets, owing to their high-performance properties. In the healthcare industry, applications can range from artificial heart components, blood plasma bags, to isolation tents in hospitals. TPU is the only polymer material desirable for medical applications since it does not contain any plasticizers.

Medical Grade TPUs are some of the most versatile plastic materials available today for use in medical devices. It offers the medical industry an environmentally friendly replacement to PVC without sacrificing flexibility. Poly Vinyl Chloride (PVC) material has been extensively used for making blood bags and other non-breakable containers in healthcare due to its low cost and excellent functions after softening. However, manufacturers are gradually getting rid of dependence on PVC as medical devices containing PVC release harmful chemicals during routine use and disposal.

Thermoplastic Polyurethane (TPU) is considered a reliable and high-quality alternative to PVC in all medical applications from devices to normal usage containers. According to the commercial development manager of Bayer Material Science, TPU healthcare grades are currently used to create oxygen masks and medical tubing. The material is also used in a variety of catheters such as central venous, intra-aortic balloon catheters.

2. Rising Adoption of Thermoplastic Polyurethane (TPU) by Footwear and Automotive Manufacturers is Fuelling the Market Worldwide

Footwear is the largest end-use industry of Thermoplastic Polyurethane (TPU) as it is used ito manufacture various parts of footwear, such as upper yarns, midsoles/foam & cushioning, outsoles, eyelets, heel cups, logos, shanks & toe caps. Rising demand for durability and performance among people from all age groups is driving the market in the footwear industry.

The advanced TPU technology allows shoe manufacturers to use versatile materials during production, simplifying processes and using less energy. The TPU waste generated during the production process can also be reused, helping in reducing waste. Shoes made of 100% TPU can also be recycled at the end of their life cycle.

Thermoplastic polyurethane films are widely used in the automotive industry to increase the fuel efficiency of vehicles. These films can be used in various vehicle components such as car seats, airbags, doors, and acoustic panels to improve comfort and safety.

The graph below represents the usage of thermoplastic polyurethane in different forms:

3. High Manufacturing Cost of Thermoplastic Polyurethane is the Major Challenge Faced by The Thermoplastic Polyurethane Market

Thermoplastic polyurethane is usually costlier than traditional materials. Its higher price may limit its adoption, especially in less demanding applications. The excessive price is due to the high production costs incurred due to the great degree of customization. Additionally, extrusion, injection molding, and compression molding are among the TPU production processes that require big machinery and skilled laborers, thereby raising the overall manufacturing cost of the product.

The graph below represents the high costs of machines that are used for manufacturing various products from Thermoplastic Polyurethane.

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Key Topics Covered in the Report

• Snapshot of Global Thermoplastic Polyurethane Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Thermoplastic Polyurethane Market
• Historic Growth of Overall Global Thermoplastic Polyurethane Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Thermoplastic Polyurethane Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Thermoplastic Polyurethane Market
• Future Market Forecast and Growth Rates of the Total Global Thermoplastic Polyurethane Market and Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Thermoplastic Polyurethane Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Major Companies Mentioned in the Report

• 3M
• BASF SE
• Coim Group
• Covestro AG
• Huntsman International LLC
• KURARAY CO., LTD.
• Tosoh Corporation
• Sumei Chemical Co. Ltd
• The Lubrizol Corporation
• Epaflex Polyurethanes Spa

Notable Emerging Companies Mentioned in the Report

• Omni Technologies
• Foster Polymer Distribution
• H.B. Fuller Company
• Kent Elastomer Products
• SHANDONG INOV POLYURETHANE CO., LTD.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Thermoplastic Polyurethane Manufacturers
• Thermoplastic Polyurethane Suppliers
• Polyurethane Manufacturers
• Polyols Suppliers
• Diisocyanate Suppliers
• Diols Suppliers
• Thermoplastic Polyurethane Distributors
• Emerging and Startup Thermoplastic Polyurethane Companies in the Market
• Different Types of Thermoplastic Polyurethane Institutes
• Government Ministries and Departments of Chemicals and Polymers
• Importers and Distributors of Thermoplastic Polyurethane
• Environmental Regulatory Authorities
• Investment Banks and PE Firms focused on Chemicals Sector
• Potential Entrants into Thermoplastic Polyurethane Industry

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Thermoplastic Polyurethane Market: Ken Research

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3 Key Insights on $16 Bn Opportunity in Asia Pacific Virtual Reality Market

Driven By Advancements in Technology, the Growing use of VR in Healthcare, and a Surge in Online Education, the Virtual Reality Market in the Asia Pacific is Forecasted to Reach Around $16 Bn by 2030 says Ken Research Study.

Undoubtedly, there is a growing prominence of Virtual Reality in various end-user industries/activities necessitated by multiple driving factors, including long-term objectives to enhance online education, and training opportunities in the healthcare and aerospace Industries. Geographically, among all the regions, Asia Pacific is found to be the largest market for Virtual Reality.

According to Ken Research estimates, the Asia Pacific Virtual Reality Market – which grew from around US$2 Bn in 2019 to nearly US$4 Bn in 2022 – is expected to grow further into a nearly US$16 Bn opportunity by 2030.

1. Enhancements Achieved in Immersive Quality and Visualization Standards Helped the APAC Virtual Reality Market to Grow in Key End-User Industries

The Asia Pacific Virtual Reality Market witnessed growth during the forecasted period, primarily due to enhancements in its immersive quality and improved standards of visualization that helped key end-user industries such as Gaming and Entertainment, Education, etc. to launch innovative products and solutions. Although the COVID-19 lockdown caused disruptions in the supply chain in terms of irregular deliveries of devices, components, equipment, and other relevant hardware in the initial phase of the pandemic, the market has rebounded and is forecast to cross $16 Bn by 2030 from ~$4 Bn in 2022, witnessing a CAGR of ~20% during this period.

2. Relatively Cheaper Availability of Internet Data in the Asia Pacific is Helping the VR Market to Grow in the Region

An Immersive VR Experience with 360-degree video features requires a lot of internet data. VR head-mounted displays (HMD), gesture tracking devices (GTD), and projects and display walls (PDW) also consume internet data to run. For instance, HMD requires a minimum of 20 Mbps for streaming. For resolution comparable to HD TV, it requires an even higher bandwidth of 80-100 Mbps. However, if the user wants the best 360-degree video experience 600Mbps is essential.

In the Asia Pacific, China is a major consumer of VR. India is also a large emerging market in the region. The price of internet data is significantly low in China and India as compared to the global market standards. It is helping these markets to adopt VR technology and solutions faster.

3. Display Latency in Virtual Reality Hampers the Experience of the User

Display Latency may be termed as the lag between when the signal is sent and when the signal is shown. It is the difference between the real-time and actual response time. A high value of display latency results in a delayed response of the VR system, resulting in a hampered experience for the user.

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Latency in VR can be reduced by providing a high bandwidth network that may not be available in many countries. To have a proper VR experience and low latency, a user would require a bandwidth of 2.35 Gbps which could be a challenge in the Asia Pacific Virtual Reality market.

For more information on the research report, refer to below link:

Potential Investors in Virtual Reality Companies

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5 Key Insights on $50 Bn Opportunity in Global Printed Signage Market

3 Key Insights on Competitive Landscape in Global NaaS Market

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Qatar Auto Finance Market Outlook to 2026F: Ken Research

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Qatar Auto Finance Market is in Maturity stage as there is moderate growth owing to rising Demand for Two Wheeler Vehicle: Ken Research

Driven by increasing vehicle prices and low-interest rates in the country, the Qatar Auto finance market has seen some growth in the share of commercial vehicles post covid-19.

Qatar Auto finance market Overview: The Qatar Auto finance market is highly dependent upon pricing. In the country, major price consciousness is seen among the population. New car financing is more prevalent in the country, especially after covid-19. The banks have been the dominant players as they have a huge pre-built database that they leverage for their own advantage which they use to give loans at a low-interest rate.

Growth drivers for the Auto Finance Market in Qatar: Qatar’s auto finance sector has seen a major shift with the announcement of the Qatar National Vision 2030 in which massive plans for economic targeting could aid the auto finance market in the huge way possible. Shift towards sustainability which was also announced in the Qatar National Vision 2010 and Electric Vehicles (Evs) will boost green financing and auto loans sector to a great extent.

Government regulations in the Auto Finance Market: Ministry of Economy and Commerce sets guidelines for auto dealers in Qatar related to performance, standards, and manufacturing of parts and components. Vehicle owners are required to register their newly purchased vehicles with the Ministry of Interior (MOI). Registration is mandatory for both new and used vehicles. Banking activities in Qatar are licensed under Qatar Central Bank (QCB). All legal entities involved in any banking activity have to apply for a license. 

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Issues and Challenges in Qatar Auto Finance Market: The growth will not be exponential in the auto finance market after the Covid outbreak and semiconductor chip shortage. The market for 2Ws is low due to the preference of 4Ws depending on the luxurious lifestyle of the population. Also, the decreasing ex-pat population due to government policies is decreasing the demand for auto loans. Analysis shows that many small Car dealers and Financial Institutions are not able to cope with the rapid rise in technology in the industry-leading to their potential exit from the market.

Analysts at Ken Research in their latest publication “Qatar Auto Finance Market Outlook to 2026F- Driven by Increasing Vehicle Prices and Low-Interest Rate in The Country” By Ken Research observed that Qatar auto finance market has witnessed a decline in growth rate over the historical period. The shortage of semi-conductor chips, reduction of expatriate population and impact of COVID 19 has caused reduction in demand for auto loans in the country. However, the rising Auto Finance consciousness among the population, along with increasing loan facilities, customer taste, and preference, and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecasted period. The Qatar Auto Finance Market is expected to grow @2.8% CAGR over the forecasted period 2021-2026F.

Key Segments Covered

Qatar Auto Finance:

• By Type of Vehicle financed
• New
• Used
• By Tenure (for New and Old Vehicles):
• 1 year
• 2 years
• 3 years and more
• By Type of Lender:
• Banks
• OEMs/Captives
• NBFC
• By Type of Lending Bank:
• Government
• Private
• By Type of Commercial and Passenger Motor Vehicle:
• Commercial
• Passenger
• By type of commercial motor Vehicle:
• LMV
• MCV
• HCV
• By Type of passenger motor vehicle
• 4W
• 2W and others

Key Target Audience

• Qatar Auto Industries
• Government Bodies & Regulating Authorities
• Finance Industry
• Car company
• Automobile dealers and users

Time Period Captured in the Report:

• Historical Year: 2016-2021
• Base Year: 2021
• Forecast Period: 2021– 2026F

Companies Covered:

• Qatar National Bank
• Doha Bank
• Commercial Bank
• Al khaliji commercial bank
• Ahli bank
• Qatar Islamic International Bank
• Qatar Islamic Bank
• Dukhan bank
• Masraf Al Rayan
• HSBC
• Standard Chartered Check
• International Bank of Qatar
• First Finance Company
• Al Jazeera Finance

Key Topics Covered in the Report

• Qatar Automotive Market Overview
• Ecosystem of Qatar Auto Finance Market
• Qatar Auto Finance Value Chain Analysis
• Business Cycle and Timeline of Major Banks in Qatar Auto Finance Market
• Market Sizing Analysis of Qatar Auto Finance Market, 2016-2021
• Qatar Auto Finance Market Segmentation
• SWOT Analysis of Qatar Auto Finance Industry
• Trends and Developments in Qatar Auto Finance Industry
• Decision Making Parameter for Selecting Car Loan Vendor
• Issues and Challenges in Qatar Auto Finance Industry
• Growth Drivers of the Qatar Auto Finance Market
• Government Policies and Initiatives for Qatar Auto Finance Industry
• COVID-19 Impact on Qatar Auto Finance Market
• Competition Framework for Qatar Auto Finance
• Future Outlook and Projections of the Qatar Auto Finance Market
• Market Opportunities and Analyst Recommendations

For more information on the research report, refer to below link: -

Qatar Auto Finance Market Outlook to 2026F: Ken Research

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3 Key Insights on Competitive Landscape in the Global Commercial Drones Market: Ken Research

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Country-Niche Players Dominate the Market Constituting ~45% of Total Competitors, Despite the Presence of about ~100 Competitors Comprising Several Regional Players and Global Players, finds a recent market study on the Global Commercial Drones Market by Ken Research

Commercial drones, also known as unmanned aerial vehicles (UAVs), are aircraft designed for commercial and industrial use rather than personal or recreational activities use. They are equipped with flight control computers and sensors that allow them to hover in place as well as create programmed movements, as well as high-definition thermal cameras that allow users to control the drones to view what the drone sees in real-time.

“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study”

 1. Country-Niche Players Constitute ~45% of the Total Number of Competitors, While Regional Companies Hold ~35% Share in Terms of the Total Number of Players in the Market.

A comprehensive competitive analysis conducted during the Research Study found that the Global Commercial Drones market is competitive with ~100 players, including globally diversified players, regional players, and a large number of country-niche players with their niche sensing technology, including ultrasonic, laser distance sensors, time-of-flight sensors, chemical sensors, and stabilization and orientation sensors, and surveillance techniques, including high-resolution cameras, infrared cameras, thermal detectors, GPS, motion sensor/motion detector, and automated license plate readers. Furthermore, the rapid technological changes and consumer preferences in the market for smart farming or precision agriculture are creating stiff competition among drone companies, particularly since the beginning of COVID-19.

2. Country-Niche Players' and Organization’s Ongoing Efforts to Provide Advanced Aerial Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that numerous aircraft manufacturers, such as AeroVironment Inc., SZ DJI Technology Co., Ltd., Parrot SA, AgEagle Aerial Systems Inc., Yuneec International CO. Ltd, and more are highly focused on providing a significant number of aerial solutions with advanced features, such as Vertical Take-Off and Landing (eVTOL), heat-signature detection, and Real-Time Kinematic ("RTK”) functionality that can be used across end-user industries. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.

• In April 2022, DJI launched ‘DJI Mini 3 Pro’, a powerful, lightweight, and portable camera drone that weighs less than 249 g and has advanced features, such as 4K/60fps video, ActiveTrack, tri-directional obstacle sensing, and 90° gimbal rotation to shoot high-quality vertical imaging for social media, while also spanning its flight time to near 30 minutes.
• In March 2020, Aerovironment, Inc. partnered with Dragonfly, a Canada-based aircraft manufacturing company, to distribute Draganfly’s Quantix Mapper hybrid vertical take-off and landing (VTOL) drones and Quantix-related parts and accessories to commercial global markets.

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3. Increasing Government Initiatives, Strategies, and Investments in Healthcare Infrastructure, Notably Supporting Advanced Diagnostic Techniques is Propelling the Commercial Drones Market Growth.

Prior to the Covid-19 pandemic, government-led investment and involvement in infrastructure were relatively limited worldwide, with the industry relying primarily on private funding. The pandemic led governments to concede that the structure needed to be changed. Since 2020, several governments across countries have raised funds for advanced aerial solutions for effective mapping and surveying methods for precise and comprehensive data that can be represented in various configurations. Furthermore, the government’s increasing emphasis on soil conservation, allows farmers or agronomists to use agricultural drones for detecting changes in primary soil composition.

• In August 2022, a bipartisan group of legislators authorize US$ 100 million in competitive grants to use American-made drones to conduct critical infrastructure, maintenance, or construction projects across the country.
• In December 2021, the European Commission announced a plan to implement a Drone Strategy 2.0 in 2022 to strengthen the region's forthcoming vision for sustainable and smart mobility.
• In November 2021, the U.S. government signed a US$ 1 trillion infrastructure package into law, investing US$ 550 billion in roads, bridges, expanded broadband services, and other projects. 

For more information on the research report, refer to the below link:-

Global Commercial Drones Market

KSA Facility Management Market Outlook to 2026F: Ken Research

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Adoption of Advanced Technology, Integrated Services are contributing to the growth of Facility Management Industry in KSA: Ken Research

Increasing demand for Residential Units: The demand for residential housing units is rapidly increasing in Saudi Arabia. Factors responsible for such growth are growth in the young population, an increase in the immigrant population, rising income levels, and the introduction of a number of recent government reforms to ease access to mortgage finance. The Government policies like 15% VAT exemption on real estate deals, large scale affordable housing program are boosting residential real estate, thereby contributing to the market growth.

Focus on Tourism Industry: Tourism department signed MOUs with local banks to finance projects valued up to $40 Bn to stimulate tourism investment^. In June 2020, the Ministry of Tourism announced plans to start a Tourism Development Fund with an initial $4 Bn investment. The government is promoting tourism in KSA leading to the development of hotels, resorts, shopping complexes, which is increasing the demand for various facility management services.

Saudi Vision 2030: Saudi Vision 2030 is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors.

Under the program, the government has announced to deploy public-private partnerships to glorify its transportation, educational, healthcare, infrastructure projects which is further boosting the demand for facility management services.

Price Sensitivity: Saudi facility management market is highly competitive with many players operating in the country at the similar levels of revenues and margins. High price sensitivity amongst the end users, leading them to prioritize cost of services over quality makes the price competition adverse among the service providers. This is mainly due to the low awareness amongst end users about the benefits of using Facility Management services.

Analysts at Ken Research in their latest publication “KSA Facility Management Market Outlook to 2026F- Driven by the government initiatives to promote Tourism along with Saudi Vision 2030 and infrastructure developments in the country” By Ken Research observed that Facility Management market is an emergent market in KSA at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for facility services, inclusion in real estate plans along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

Key Segments Covered in the report

KSA Facility Management Market

• By Type of Services

• Soft Services
• Hard Services

• By Soft Services

• Housing keeping
• Security
• Landscaping
• Others

• By Hard Services

• Electromechanical Services (including HVAC)
• Operations and Maintenance Services
• Fire Safety and Security Systems

• By Service Type

• Integrated facility management (IFM)
• Bundled services
• Single services

• By End User Sector
• Commercial (Includes Offices, retail, infrastructural)
• Residential
• Industrial

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• By Personal Type

• Outsourced Personnel
• In-House Personnel

Key Target Audience

• Factories
• Plants and Industries
• Hotels
• Hospitals
• Malls
• Companies and offices
• Tourism Agencies
• Government Bodies & Regulating Authorities
• Facility management companies
• Real estate companies

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Forecast Period: 2021-2026F

Companies Covered:

• Al Yamama
• Aljahrary Overseas
• Zahran Operations & Maintenance
• Zamil Operations and Maintenance
• Almaja G4sl Facility Management
• Initial Saudi
• Safari
• ENOVA
• Nesma United
• Alborj Facility Managment
• Khidmaah
• Saudi Emcor (EFS)
• Musanadah Facilities Management (MFM) 
• El Seif (ESOM)

Key Topics Covered in the Report

• Saudi Arabia Real Estate Market Overview, 2021
• Major Real Estate Giga Projects in Saudi Arabia
• Saudi Arabia Facility Management Market Ecosystem
• Business Cycle, Genesis and Timeline of Saudi Arabia Facility Management Market
• Value Chain & Vendor Selection Process of KSA Facility Management Market
• Business Acquisition Process in Saudi Arabia Facility Management Market
• Saudi Arabia Facility Management Market Size, 2021
• Saudi Arabia Facility Management Market Segmentation, 2021
• SWOT Analysis of Saudi Arabia Facility Management Market
• Key Growth Drivers in Facility Management Market in Saudi Arabia
• Trends and Developments in Saudi Arabia Facility Management Market
• Major Challenges Faced by the Saudi Arabia Facility Management Market
• Competition Framework for Saudi Arabia Facility Management Market
• Future Outlook and Projections of the Industry, 2021-2026F
• Market Opportunities and Analyst Recommendations

For more information on the research reports, refer to below link:

KSA Facility Management Market Outlook to 2026F: Ken Research

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