Tuesday, December 20, 2022

Global Immunoassays Market is expected to record a positive CAGR of ~6% during the forecast period 2022-2028: Ken Research

 Immunoassays are bioanalytical techniques that use the precision of an antigen-antibody reaction to detect and quantify analytes in biological samples such as urine, blood, saliva, tissues, and cells. Clinical diagnostics, drug discovery, environmental monitoring, biopharmaceutical analysis, drug monitoring, and food testing are all common applications for such techniques. In addition, they generally exhibit quick and precise outcomes, allowing a clinician to diagnose a variety of diseases such as diabetes, cancer, and heart disease accurately.

The Global Immunoassays Market is expected to record a positive CAGR of ~6% during the forecast period (2022-2028) and reach a revenue of ~US$ 60 Bn by 2028, due to the rising prevalence of chronic and infectious diseases. The ongoing Covid-19 pandemic has accelerated the use of immune-diagnostics assays for correct diagnosis and containment of the Covid-19 pandemic. In addition, immunoassay tests are highlighted as an important diagnostic method as they enable reliable and affordable detection of viruses and bacteria. Such tests are used to detect both acute and chronic diseases.

Global Immunoassays Market

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  • The rising prevalence of chronic, and infectious diseases, including COVID-19, HIV/AIDS, dengue, foodborne disease, and other diseases is one of the major factors propelling the immunoassays market growth.
  • In addition, the cost-effectiveness and higher efficiency of immunoassay tests also make a significant contribution to their growth.
  • For instance, the WHO Pan American Health Organization (PAHO) reported 21,41,240 dengue cases in the Americas, including 10,53,420 confirmed cases and 927 associated deaths, as of August 2022. In addition, Brazil (19,10,657), Peru (57,469), Colombia (38,844), Nicaragua (37,369), and Ecuador have reported the most cases (12,645) during the same period.
  • In addition, according to the study conducted in 2021 by Food Security Cluster, an Italian non-profit organization that outlines food availability, access, and utilization issues, more than 600 million individuals (one in ten) globally, become ill with the foodborne disease each year, and 420,000 die.
  • Technical challenges with immunoassay kits/reagents and instruments are likely to impede the market growth.
  • The severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) outbreak had been proclaimed a public health emergency in late January 2020, medical professionals and scientists experienced the necessity for extensive and rapid testing of individuals to implement measures to contain the virus's spread. Additionally, real-time PCR (RTPCR) tests and antibody/antigen tests have erupted as vital tools for the global healthcare system in managing the outbreak.

Key Trends by Market Segment

By Product Type:  Reagents & Kits hold the largest share of the Global Immunoassays Market in 2021.

  • Reagents/kits are a preferable type of product for immunoassay testing as they offer a quick, simple, and cost-effective method of detection with accuracy and specificity considerably better (in some cases) than other methods.
  • The global outbreak of Covid-19 has prompted governments to impose critical measures to prevent its spread, which focus primarily on accurate and prompt identification of virus-infected individuals using the most precise and sensitive method available, notably real-time reverse transcriptase PCR (RT-PCR). This has raised the global demand for detection kits.

Global Immunoassays Market

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By Application: The infectious disease segment held the largest market share in 2021.

  • The rising global prevalence rate of infectious diseases such as HIV/AIDS, malaria, dengue fever, influenza, and Covid-19 is one of the major factors driving the demand for immunoassays tests for infectious diseases.
  • For instance, according to the world health organization (WHO), influenza leads to around 3 to 5 million serious cases and 250,000 to 500,000 deaths worldwide every year.
  • The growing number of cancer cases worldwide is also a significant contributor to the expansion of the immunoassay market during the forecast period.
  • For instance, according to the American Cancer Society, cancer continues to be the second leading cause of death in the U.S., after cardiovascular disease. In 2022, the U.S. is expected to see 1.9 million new cancer cases and 609,360 cancer deaths, for a total of 1,670 deaths per day.

By Technology: The Enzyme Immunoassays (EIA)/Enzyme-linked immunosorbent assays (ELISA) technology segment dominated the market for immunoassays in 2021.

  • This technology's accuracy and ability to provide quick results is a major driving factor. In addition, ELISA's simple procedure, high specificity and sensitivity, cost-effectiveness, and high efficiency are all contributing factors to its growth.
  • Furthermore, the use of ELISA/EIA for antigen/antibody detection is among the most commonly available diagnostic tools, and it is extensively used for diagnosing swine influenza as well.
  • According to the National Library of Medicine (NLM), operated by the U.S. federal government, ELISA, indirect fluorescence antibody (IFA), and virus neutralizing assays are used to detect porcine parainfluenza virus type-1 (PPIV-1) antibody in swine serum.

Global Immunoassays Market

By End User: The Hospitals & Clinics segment account for the majority share of the Global Immunoassays Market in 2021.

  • The continuous development in the healthcare industry across countries has raised the requirement for hospitals with advanced techniques and facilities.
  • The growing number of infectious diseases tested during the assessments and processing of body fluids, particularly following the worldwide explosion of the Covid-19 pandemic, are other major factors influencing the demand for immunoassays tests in hospitals and clinics.

By Geography: North America accounts for the largest share among all Regions within the total Immunoassays market in 2021.

  • Increased technological adoption in diagnostic techniques, extensive research initiatives, and increasing government funding for point-of-care testing and regulatory science activities across the healthcare industry are all contributing factors to the growth of Immunoassays in North America.
  • For instance, in November 2021, the U.S. Department of Health and Human Services (HHS) announced a USD 650 million investment to enhance manufacturing capacity for fast, high-quality diagnostic testing via rapid point-of-care molecular tests that help in the detection of influenza, respiratory syncytial virus (RSV), and a cluster of respiratory viruses.
  • In October 2020, the National Institutes of Health announced the third round of contract awards for the intensity and manufacturing of new COVID-19 testing technologies in collaborative efforts with the Biomedical Advanced Research and Development Authority (BARDA), a U.S. Department of Health and Human Services.
  • Additionally, the six new rapid acceleration of diagnostics (RADx) initiative contracts comprise USD 98.35 million for point-of-care and other novel testing techniques that provide modes of sample collection, processing, and output. Inclusion with smart devices, digital processing that can be deployed to COVID-19 hot spots, and test results readily accessible in minutes are among the advancements in such new techniques.
  • The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period 2022-2028, owing to the government's increased emphasis on improving healthcare infrastructure, the adoption of innovative laboratory techniques and procedures, such as blotting technique, and gel electrophoresis for quicker and more efficient examination and diagnosis of infectious and chronic diseases, and growing preference for diagnostic reagents.

Global Immunoassays Market

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Competitive Landscape

The Global Immunoassays market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche bioanalytical setting such as clinical diagnostics, biopharmaceutical analysis, environmental monitoring, security, and food testing, and others, for end-users. The immunoassays market's growth is heavily reliant on detection technologies and advancements in testing equipment and instruments.

Country-Niche players constitute about ~75% of the competitors, while regional players constitute about ~20%. Some of the major players in the market include F. Hoffmann-La Roche Ltd., Abbott Laboratories, Becton, Dickinson and Company (BD), Bio-Rad Laboratories, Inc., Siemens Healthineers, Thermo Fisher Scientific, Danaher Corporation, PerkinElmer, Quidel Corporation, Ortho Clinical Diagnostics Holdings, Sysmex Corporation, DiaSorin S.p.A. and among others.

Global Immunoassays Market

Recent Developments Related to Major Players and Organizations

  • In February 2022, Siemens Healthineers, a German healthcare company, launched Enhanced Liver Fibrosis (ELF) Test in the U.S., offering broad clinical access to the nonsurgical diagnostic tool. In addition, the Food and Drug Administration (FDA) granted De Novo marketing authorization for the test.
  • In July 2021, Roche, a Swiss pharmaceutical company, announced the launch of its new Elecsys Epstein-Barr virus (EBV) immunoassay panel, which includes the Elecsys EBV IgM, EBV VCA IgG, and EBV EBNA IgG immunoassays and detects Epstein-Barr virus antibodies at various infection stages.
  • In April 2021, DiaSorin, an Italian Biotechnology company, launched its new immunodiagnostic Point-of-Care (POC) reader 'LIAISON IQ' and the 'LIAISON Quick Detect Covid TrimericS Ab' test. The LIAISON IQ's test detects specific IgG antibodies against SARS-CoV-2 Spike Protein in human blood capillaries from a throat swab in 10 minutes.
  • In February 2021, Thermo Fisher Scientific Inc., a U.S.-based manufacturer of analytical laboratory instruments, announced a partnership with Mindray, a Chinese medical device company, to make two clinical chemistry analyzers available to customers in the United States (U.S.) and Canada for drug of abuse testing.
  • In April 2020, Bio-Rad Laboratories, a U.S.-based manufacturer of specialized technological products for the life science research and clinical diagnostics markets, announced the release of a blood-based immunoassay kit to detect antibodies to the coronavirus SARS-CoV-2, the virus associated with COVID-19. 

Conclusion

The Global Immunoassays Market is forecasted to continue steady growth that is witnessed since 2017. The market is primarily driven by the rising prevalence of chronic, and infectious diseases, including COVID-19. Though the market is highly competitive with over ~500 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for market size estimate, forecast, growth, segment share and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum 2 working weeks.

Market Taxonomy

The Global Immunoassays Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by Product Types, Application, Technology, and End-User. In addition, the report also covers the market size for each of the five regions' immunoassays markets. The revenue used to size and forecast the market for each segment is USD billion.

By Type            

  • Reagents & Kits
  • Analyzers/Instruments
  • Software & Services

By Application

  • Cardiology
  • Oncology
  • Autoimmune Diseases
  • Infectious Diseases
  • Others

By Technology

  • Radio immunoassay (RIA)
  • Enzyme Immunoassays (EIA) or Enzyme-linked immunosorbent assays (ELISA)
  • Fluoro Immunoassay (FIA)
  • Chemiluminescence Immunoassay (CLIA)
  • Others

By End User    

  • Hospital & Clinics
  • Clinical Laboratories
  • Pharmaceuticals & Biotech Companies
  • Blood Banks
  • Academic Research Centers
  • Others

By Geography

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
  • Latin America, Middle East and Africa

Global Seed Treatment Market is expected to grow further to a size of around US$11 Billion by 2028: Ken Research

 The purpose of seed treatment is to disinfect seeds from pathogenic organisms, which could be seed-borne or soil-borne, and storage insects. A host of processes are deployed to treat seeds, including the application of fungicides or insecticides, exposing seeds to solar energy, immersing them in conditioned water, etc. A properly carried out seed treatment process helps prevent the spread of plant diseases, protects seeds from rot, seedling blights, and storage insects, and improves germination.

The Global Seed Treatment Market is estimated to have grown to a size of nearly US$7 Billion in 2022 from approximately US$5 Billion in 2017. The market is expected to grow further to a size of around US$11 Billion by 2028 at a CAGR of nearly 8% for the forecasted period of 2022-2028.

Global Seed Treatment Market

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  • Seed Treatment adoption rate is expected to grow steadily in the forecasted period as it offers low-cost protection against diseases and soil-borne organisms and protects weak seeds, resulting in improved germination. According to the Agriculture industry publication Agriculture.com, a soybean fungicide/ insecticide treatment may cost anywhere between US$10 and US$12 per 140,000 seed unit. Soybean seeding rates usually vary between 80,000 and 140,000 seeds per acre. When it comes to the effectiveness of such treatments, a 2019 compilation of studies, conducted by agronomists and entomologists from 14 land-grant universities, discovered an improvement of 2 bushels per acre in soybean farming when neonicotinoid IST was combined with a fungicide seed treatment. The best result found in the study was that of a surge of 3.3 bushels per acre.
  • Another major factor, driving the agriculture industry to adopt Seed Treatment measures, is its capacity to empower seeds to fight against unfavorable weather conditions. Such unfavorable weather conditions might result in cold and damp soils or extremely dry soils that encourage the breeding, growth, and development of fungi spores. For instance, in the United States, in 2010 and 2012, high nighttime temperatures had an immensely negative impact on corn yields. Similarly, premature budding caused by a warm winter resulted in losses worth US$220 million of cherries in Michigan in 2012.
  • Ingredients used in Seed Treatment products are harmful to humans, animals, and also to seeds in some cases. Treated seeds that go unsold can not be used as animal feed. The limiting peripheral or ancillary use of these treated seeds often hampers the scalability of the market. Treating the seeds at the correct dosage rate is also critical to the treatment’s success. For instance, seeds with high moisture percentage can get easily damaged when treated with concentrated liquid products.
  • In the initial days of the pandemic, the Global Seed Treatment Market suffered supply chain disruptions stemming from restricted movements of vehicles, closed markets, and a limited supply of raw materials. However, soon after the initial days were over, the manufacturing of seed treatment agrochemicals resumed under the category of essential goods production in many countries. The rise in consciousness around health and efficient farming techniques also boosted the demand for high-value seeds.

Key Trends by Market Segment

By Type:  According to Ken Research’s analysis, the majority of the seed treatment procedures are carried out through the Chemical route.

  • Chemical treatment of seeds can be done by applying insecticides, fungicides, or nematicides, including fumigants, carbamates, etc. Non-chemical or biological seed protection processes involve bio-insecticides, bio-fungicides, and bio-nematicides.
  • According to the observations put out by the Iowa State University, fungicide seed treatment can be beneficial for seeds with less than 80% germination rate. These types of seeds are typically considered to be of low vigor. Fungicides are also considered effective treatment tools when seeds are planted early in cold or wet soils and reduced till and no-till fields.

Global Seed Treatment Market

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By Treatment/Application Technique: The seed coating segment is estimated to occupy the largest market share in 2022 as far as treatment/application techniques are concerned.

  • The techniques of seed dressing involve treating crop seeds with fungicides and/or insecticides so that they are well-equipped to fight out the fungal diseases and insects that attack from both below and above ground. The process of seed coating implies covering the seeds with manageable amounts of exogenous materials. Film coating or microbial coating are popular seed coating types. Finally, in the process of Seed Pelleting, inert materials are added to the seeds to increase their weight, size, or shape.
  • Seed pelleting helps in planting crops that otherwise have irregularly shaped seeds. According to the data presented by the seed treatment company Seed Dynamics Incorporated, pelleting can increase the weight of seeds from anywhere between 1000% (10X) to 4,000% (40X). Usually, 88000 seeds of raw begonia weigh 1 gram. However, seed pelleting can increase the weight 100 times and take it to an average of 857 seeds per gram.

By Crop: The Cereal and Grains segment is expected to emerge as the largest crop segment as far as the application of seed treatment techniques is concerned.

  • Production in the World Cereal Market, according to the data provided by the Food and Agriculture Organization of the United Nations (FAO), almost 2,645 million tons of cereals were produced during the 2018-2019 period, and the production was estimated to cross the mark of 2,800 million tons in 2022.
  • Similarly, production in the coarse grain market in the world was estimated to grow from a little more than 1,400 million tons to 1,500 million tons in 2022.
  • Treating seeds help reduce loss in the production of cereal grains due to pests and diseases.

Global Seed Treatment Market

By Formulation: Although the liquid formulation segment is expected to account for the largest share in 2022, the dry formulation segment is estimated to witness faster growth during the forecasted period.  

  • There are several types of liquid formulations that agriculturists try out on a regular basis for a range of crop seed types. For instance, soaking paddy seeds in 1% Potassium Chloride solution for 12 hours helps improve the germination potential. A similar outcome is achieved when Sorghum seeds are soaked in Sodium Chloride and Potassium Dihydrogen Phosphate solutions for 12 hours.
  • Dry formulation seed treatments, on the other hand, help maintain the integrity of seed coatings. The growth in this segment is driven by the utilitarian benefits of the process: it is easy to apply and store and comes at a low cost.
  • The effectiveness of these treatments, dry and/or wet, has been recorded by many agencies/organizations/institutions. For instance, data published by the Manitoba government showed that seed treatments helped prevent yield loss 22% of the time in soybean seeds. Studies conducted in North Dakota, on wheat seeds, over a period of 14 years, showed a 7.2% stand increase over an untreated check, 73% of the time. However, the effectiveness often varies depending on how the climate is. For instance, another research at Agriculture and Agri-Food Canada in Saskatoon found that neonicotinoid seed treatments were more effective in dry soils than in wet soils, and at 20-30 degree centigrade than at 10 degrees.

By Function: The seed protection segment occupies the largest share of the seed treatment market when seen from the prism of functions. The seed enhancement segment mostly takes care of plant nutrition needs.

  • Seed protection procedures can be chemical or non-chemical/biological. Seed enhancement procedures involve the application of biologicals, such as bio-fertilizers, bio-stimulants, plant growth regulators, seed priming, and seed disinfection procedures.
  • Protection and enhancement techniques are often deployed together for improved results. A scientific study conducted in 2018 showed how the solid matrix seed priming technique can be effectively combined with seed coating procedures. The experiment was conducted on the Kaibab Plateau in Arizona. The process resulted in 66-82% faster emergence from primed-seed pods than the untreated seeds. Seedlings that stemmed out from the primed-seed pods had 2.9-3.8-times higher density than untreated seeds.

By Region: North America is estimated to continue with its dominance over the seed treatment market even in the forecasting period, majorly due to the large-scale adoption of biotech crops in countries like the United States and Canada.

  • The United States has been one of the earliest adopters of Biotech crops. Biotech crops were introduced in 1996. Within the next seventeen years, by 2013, more than ninety percent of all cotton, soybeans, and corn planted in the United States was Biotech. More than 173 million acres were planted with biotech seeds in the United States by 2013.
  • The adoption of biotech in farming, along with genetically modified crops, has also been high in the Asia Pacific region, turning it into one of the most high-potential markets for seed treatment.

Japan, for instance, is among one of the world’s largest per-capita importers of GM food and feed and has approved more than 300 GM products for food, including 141 varieties of crops. The Philippines has also exhibited remarkable progress in adopting seed treatment. It was the first country in Asia to have given commercial clearance to Rice that was treated with beta-carotene for enhanced nutritional value.

  • The seed treatment market has also flourished in Europe and many LAMEA countries, such as Brazil and Argentina, to address the need for high-quality seeds, prevent anthrax diseases, combat the occasional attacks of the Yellow virus, et al.

Global Seed Treatment Market

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Competitive Landscape

The Global Seed Treatment market has nearly 150 players, including globally diversified players, regional players, and country-niche players having their expertise in addressing region-specific needs to treat seeds in a way that is conducive to the local climate conditions.

Large global players constitute ~20% of the market in terms of the number of competitors, while regional players hold the second largest share. Some of the major players in the market include Adama Agricultural Solutions, Bayer AG, BASF, Syngenta AG, Sumitomo Chemical Co., Ltd., Dow, Corteva, Inc., Croda International Plc., Nufarm, Novozymes, and more, among others.

Global Seed Treatment Market

Conclusion

The Global Seed Treatment Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is expected to continue growing on a steady and moderately-paced trajectory. The need for efficient farming is increasing worldwide. Farmers and agricultural farm owners are looking for ways to reduce the loss of yield, improve their seed’s germination potential, and protect seeds from the negative impacts of irregular climate, pests, insects, and diverse types of crop diseases. As of 2019, genetically modified crops occupied 190 million hectares of cultivable fields, indicating a growing inclination towards leveraging science and technology for the improvement of agricultural production. This inclination would serve as a tailwind for the Global Seed Treatment Market in the forecasted future.

Note: This is an upcoming/planned report, so the figures quoted here for market size estimate, forecast, growth, segment share and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum 2 working weeks.

Market Taxonomy

By Type         

  • Chemical
  • Non-Chemical

By Treatment / Application Technique

  • Seed Dressing
  • Seed Coating
  • Seed Pelleting

By Crop         

  • Grains and Cereals
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Other Crop Types (Forages, Alfalfa, Flower seeds, etc.)

By Formulation         

  • Liquid Formulation
  • Dry Formulation

By Function  

  • Seed Protection
  • Seed Enhancement

By Region     

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, Australis)
  • Latin America, Middle East, and Africa (LAMEA)

Key Companies        

  • Adama Agricultural Solutions
  • Bayer AG
  • BASF
  • Syngenta AG
  • Sumitomo Chemical Co., Ltd.
  • Dow
  • Corteva, Inc.
  • Croda International Plc.
  • Nufarm
  • Novozymes A/S

Indonesia Cold Chain Market is expected to grow at a CAGR of 12.9% in the forecasted period of 2021-2026F: Ken Research

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Change in lifestyle and urbanization, the growing fisheries sector, expansion of existing cold storages and rising domestic consumption of meat has led to the growth of the Cold Chain Market in Indonesia.

Indonesia Cold Chain Market Overview: The Cold Chain Market in Indonesia is currently at the growth stage and is highly fragmented and is home to 100+ cold transportation & storage players. The market has been driven by growing urbanization, augmenting the demand for consuming frozen fast food products along with increasing meat and seafood consumption. The increasing needs of consumers and growing urbanization has increased the prospects of market and the overall industry is growing substantially.

Indonesia Cold Chain Market Growth: The Indonesia Cold Chain Market took a leap from growth rate from 10% in 2017 to growth rate of 14.1% in 2021 due to the growing consumption needs of the people. Due to the increase in demand for perishables, the cold chain market in Indonesia has significantly grown. The e-commerce market in Indonesia has grown as a result of improved access to secure payment gateways and gradual improvements in the delivery system, on the other hand.

indonesia-cold-chain-market

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Challenges Faced by Indonesia Cold Chain Market: Due to the lack of supportive infrastructure available in Indonesia, Indonesia's Cold Storage industry has only grown a little over the past three years. There can be several problems with shipments in cold chain logistics, from broken products or exposing products to improperly warm temperatures in the trailer. Prolonged exposure to warm outside temperatures during loading and unloading is a common problem that can degrade temperature-reliant foods, pharmaceuticals and other goods. The Indonesian Logistics Association predicted that the impacts of rising fuel prices would be high. The cost of moving goods would likely increase by around 30 percent.

Impact of Technological Advancements on Cold Chain Market in Indonesia: The cold storages in Indonesia are tapping technological advancements to move towards sustainable source of energy. Cold transport are also trying to move towards better use of technology to avoid any disruptions in the supply chain. The industry standard is to provide clients with a tracking unit to keep a check on temperature inside the vehicles. Due to variables including the size of the consignment, the company's brand, the temperature range, and further technological advancements, cold storage companies charge their customers varying prices on a per pallet per day basis.

Analysts at Ken Research in their latest publication Indonesia Cold Chain Market Outlook to 2026F- Driven by Rising Fisheries Industry & Convenience Food Consumption Owing to Growing Population and Infrastructural Development” by Ken Research observed that Indonesia Cold Chain Market is in the growing phase. Change in lifestyle and urbanization, the growing fisheries sector, expansion of existing cold storages and rising domestic consumption of meat are some of the factors that will contribute to the Indonesia Cold Chain Market growth over the period of 2021-2026F. It is expected that Indonesia Cold Chain Market will grow at a CAGR of 12.9% for the above forecasted period.

Key Segments Covered

Indonesia Cold Chain Market:

By Cold Storage and Cold Transport

By Ownership

Owned

Third Party Logistics

By End Users

Meat and Seafood

Vaccination and Pharmaceuticals

Processed Frozen Foods

Dairy Products

Fruits, Vegetables and Others

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Indonesia Cold Storage Market:

By Automation

Automated Pallets

Non-Automated Pallets

By Temperature Range

Ambient

Frozen

Chillers

By End User

Meat and Seafood

Vaccines & Pharmaceuticals

Frozen Processed Foods

Dairy Products

Fruits, Vegetables and Others

By Region

Jakarta

Medan

Bekasi

Others

Indonesia Cold Transport Market:

By Type of Reefer Truck

Reefer Vans/Trucks

20 foot reefers

40 foot reefers

By Mode of Transportation

Land

Sea

Air

By Location

International

Domestic

By Vicinity

Inter-city

Intra-city

By End Users

Meat & Sea Food

Vaccines & Pharmaceuticals

Dairy Products

Frozen Processed Foods

Fruits & Vegetables and Others

Key Target Audience

  • Cold Storage Companies
  • Cold Chain Companies
  • Cold Transport Companies
  • Captive Cold Storage Companies
  • Captive Cold Chain Companies
  • Logistics Companies
  • Non-captive Companies
  • Cold Chain Associations
  • Logistics Associations
  • Private Equity Firms
  • Venture Capitalists

Time Period Captured in the Report:

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

Companies Covered:

  • Kiat Ananda Cold Storage, PT
  • Enseval Putra Megatrading Tbk, PT
  • GAC Samudera Cold Chain
    Logistics Services
  • Mgm Bosco Logistics, PT
  • Sukanda Djaya, PT
  • Mega Internasional Sejahtera, PT
  • Dua Putera Perkasa Pratama
  • Winson Cold Storage
  • Savina Cold Storage
  • PT Perikanan Indonesia
  • Wahana Cold Storage, PT
  • Agung Cold Storage
  • Expravert Nasuba, PT
  • Ruangan Pendingin Indonesia
  • Indomaguro Tunas Unggul
  • PT Halal Logistic Multi Terminal Indonesia
  • Pluit Cold Storage, PT
  • Wira Logitama Saksama
  • United Refrigeration, PT
  • Tunas Perkasa

Key Topics Covered in the Report

  • Country Overview and Infrastructure Analysis of Indonesia
  • Indonesia Cold Chain Market Overview
  • Ecosystem of Indonesia Cold Chain Market
  • Indonesia Cold Chain Industry Evolution and Value Chain
  • Indonesia Cold Chain Market Size, 2016-2021
  • Indonesia Cold Chain Market Segmentation
  • Indonesia Cold Storage Market Overview
  • Indonesia Cold Transport Market Overview
  • Industry Analysis of Indonesia Cold Chain Market
  • Key Growth Drivers in Indonesia Cold Chain Market
  • Competitive Landscape in Indonesia Cold Chain Market
  • End User Analysis of Indonesia Cold Chain Market
  • SWOT Analysis of Indonesia Cold Chain Industry
  • Issues and Challenges in Indonesia Cold Chain Industry
  • Future Outlook of Indonesia Cold Chain Industry
  • Future Outlook of Indonesia Cold Storage Market
  • Future Outlook of Indonesia Cold Transport Market
  • Market Opportunities and Analyst Recommendations
  • Research Methodology

For more insights on the market intelligence, refer to the link below: -

Cold Chain Market in Indonesia

Related Reports by Ken Research: -

Portugal Cold Chain Market Outlook to 2026F

Brazil Cold Chain Market Outlook to 2027

Vietnam Cold Chain Market Outlook to 2026F

Europe Electric Powertrain Market is expected to record a positive CAGR of nearly 11% during the forecast period (2022-2027): Ken Research

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According to Ken Research estimates, the Europe Electric Powertrain Market – which grew from around US$ 14 Billion in 2017 to nearly US$95 Billion in 2021 – is expected to grow further into a more than US$ 160 Billion opportunity by 2027.

The Europe Electric Powertrain Market is expected to record a positive CAGR of nearly 11% during the forecast period (2022-2027), due to the globally rising demand for electric vehicles. The Covid-19 pandemic benefited the Electric Powertrain industry, notably in 2020, because of the increasing concern over health and the environment. Rising petrol prices also benefited the electric powertrain market to gain momentum as many car owners shifted towards EVs from ICEs. Electric Powertrain components’ growth is directly proportionate to automobile companies’ product demand in the market.

europe-electric-powertrain-market

  • Lenient government policies along with incentivizing initiatives by several national governments across the EU have helped the electric vehicle market to grow translating into increased demand for electric powertrains. More than 20 countries have electrification targets or ICE bans for cars including the Netherlands by 2030, the UK by 2035, France by 2040, Germany by 2050, and 8 countries along with European Union have announced net Zero Emission Pledges by 2045 and 2050.
  • Germany is the fastest growing region in terms of Electric Powertrain adoption, with the highest CAGR intended during the forecast period. New BEV registrations increased by 83.3% from 2020 to 2021, and new PHEV registrations increased by 62.3% from 2020 to 2021. 356,425 BEVs and 325,449 PHEV units of new cars were registered in 2021.
  • Many global automobile leaders are forming alliances to better their offerings in the European EV market. For instance, Magna & Fisker Inc. has signed a long-term manufacturing agreement for the production of the all-electric Fisker Ocean SUV at Magna’s facility in Graz, Austria. In May 2022, Magna, under its Electric Mobility Business, signed an agreement with the BMW Group to develop mild hybrid transmission at Magna’s facilities in Germany, Slovakia, and other countries.
  • One of the most crucial segments of the electric powertrain is the battery along with battery packs and battery management systems. Global demand for batteries is expected to grow by 14 folds by 2030 and the EU holds 17% of that demand.

Key Trends by Market Segment:

By Component:  Battery Component holds the largest share of Europe’s Electric Powertrain market.

  • The battery pack is made up of multiple lithium-ion cells and stores the energy needed to run the vehicle.
  • Battery used in EVs are rechargeable batteries and consist of various components. It majorly requires a cathode, anode, electrolyte, and separator apart from materials that are used to build it, including aluminum, copper, cobalt, iron, etc.
  • As per the statistics available from EV industry, battery pack prices have declined by almost 90% from 2010 to 2021. The prices of raw materials used in the battery pack, such as cathode, cobalt, nickel, and lithium, were volatile during COVID-19. However, in the forecasted future, the price of battery packs is expected to follow a gradual downward trend.

By EV Type: TheHEV segment accounts for the majority share of the Europe Electric Powertrain Market.

Policies and regulations laid down by the European government in various regions to reduce the carbon emission on roads by net zero by 2035 are fueling the demand for fully and hybrid electric vehicles.

  • Several Chinese players have entered the European market to meet the growing demand for electric vehicles in the region. Units sold by Chinese players in Europe in 2021 were 80,000. In the first half of 2022, 75,000 units were sold and it was estimated to reach 150,000 by the year-end.
  • The Electric Powertrain market in the BEV segment is expected to grow at the fastest rate during the forecast period (2022-2030), as BEVs are fully electric vehicles that come with rechargeable batteries and no gasoline engine. PHEVs are also expected to grow higher than regular hybrid vehicles because of the upgrading of charging infrastructure. PHEVs are regular hybrid models which carry an engine and electric motor to drive the vehicle.
  • PHEV new car registrations increased by 68.1% from 2020 to 2021 as per the European Automobile Manufacturers Association (ACEA).
  • HEV new car registrations also increased by 55.6% from 2020 to 2021 according to the ACEA.

By Powertrain: The parallel hybrid powertrain segment holds the largest market share in the Europe Electric Powertrain Market as hybrid electric vehicles occupy the largest chunk.

  • EVs generally cost higher than a usual conventional vehicle, due to which players are trying to find alternative ways to reduce the cost with quality remaining intact.
  • Demand for fully electric vehicles is growing day by day which leads to an opportunity for component manufacturing players to enhance their production capabilities to meet the target customers.

europe-electric-powertrain-sector

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By Vehicle Type: Passenger cars refer to vehicles designed and constructed for carrying individuals. It comprises not more than eight seats inclusive of the driver and has a maximum mass of 3.5 tones. Commercial vehicles are specially designed for transporting goods and materials rather than passengers. These vehicles can be used for personal and business purposes. There is a wide range of commercial vehicles, such as trucks, tractors, buses, panel vans, and chassis cabs.

  • The number of electric passenger cars on European roads increased by 18 million in three years, from 2017 to 2020.
  • The number of electric commercial vehicles increased by 3 million between 2017 and 2020. Among electric commercial vehicles, the category light commercial vehicles had the maximum share, followed by the category medium and heavy commercial vehicles and buses.
  • As governments across the union undertake initiatives to promote electric vehicles in the region by providing subsidies, relaxation on toll tax, free parking, etc., people are expected to feel more encouraged to purchase an electric vehicle.

By Geography: Germany is the largest country within the total Europe Electric Powertrain market, accounting for more about a quarter of total market revenue.

  • UK is expected to have the highest CAGR during the forecast period, owing to the major presence of OEMs and component suppliers. Also, UK’s various regions have started implementing ZEZ for their zero-emission target. For Instance, London has implemented small street-based near-zero-emission zones in three areas.
  • Germany is expected to witness a strong growth during the forecasted period, because of various factors such as the active participation of the government to promote electric vehicles and a high number of local automobile and component manufacturers. In April 2022, the Eaton e-Mobility segment expanded its footprints in the Europe region and started a new research center in Karlsruhe, Germany.

europe-electric-powertrain-industry-size

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Competitive Landscape:

  • The Europe Electric Powertrain 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 own niche in electric powertrain for major OEMs and automobile companies. Most of the country-niche players are component suppliers and powertrain part manufacturers.
  • Large global players control about 50% of the market, while regional players hold the second largest share. Some of the major players in the market include Bosch, Magna, Denso, MAHLE, Cummins, AISIN, Eaton, Mitsubishi, Dana, ZF, BorgWarner, Continental, and others.
  • The leading global specialist companies such as Bosch, Denso, Eaton, and BorgWarner are highly focused on providing a fully electric and hybrid powertrain solution and their components can fit various cars and commercial vehicles.

Recent Developments Related to Major Players

  • Ford’s Cologne site in Germany will see an investment of $2 billion, while the company is also planning to set up a new battery assembly facility by the start of 2024.
  • Stellantis sold 105,413 fully electric cars in the first half of 2022, just behind the VW Group, which sold 116,307, and ahead of Tesla, which recorded a sale of 78,277.
  • In July 2021, Dana Incorporated and Switch Mobility Ltd, the electrified commercial vehicles company and a subsidiary of Ashok Leyland Ltd, came under a strategic partnership to supply electric drivetrain components.
  • In 2022, Magna Automotive Europe GmbH, part of the Cosma Group of Magna International, announced the acquisition of the Czech company Klein automotive s.r.o
  • Honda unveiled its next electrified model for Europe, Civic e: HEV. The car will be made available to European customers in the latter half of 2022.

europe-electric-powertrain-market-share

Conclusion

The Europe Electric Powertrain Market witnessed accelerated growth during the period 2017-2021, primarily driven by increased health and environmental concerns, declining battery prices, and rising prices of fuel. Although the growth rate is expected to come down in the forecasted period, the adoption rate of electric vehicles is estimated to remain strong as the European Union has a net-zero target to achieve by 2050. Several European governments are providing subsidies to encourage EV purchases.

Though the market is highly competitive with over 200 participants, few global players control the dominant share and regional players also hold a significant share.

Ken Research has published a report title Europe Electric Powertrain Market Size, Segments, Outlook, and Revenue Forecast 2022-2027 that is segmented by Components, EV Type, Powertrain, and Vehicle Type. In addition, the report also covers market size and forecasts for the region's five major countries' Electric Powertrain markets. The revenue used to size and forecast the market for each segment is US$ Billion.

Market Taxonomy

By Component

Motor/Generator

Battery

Battery Management System (BMS)

Thermal Management System

DC/AC Converter

DC/DC Converter

Body Control Module

On-Board Charger

By EV Type

HEV

PHEV

BEV

By Powertrain Type

BEV Powertrain

Series Hybrid Powertrain

Parallel Hybrid Powertrain

Series-Parallel Hybrid Powertrain

By Vehicle Type

Passenger Cars

Commercial Vehicles

By Geography

Germany

France

United Kingdom

Netherlands

Sweden

Rest of Europe (Belgium, Italy, Denmark, Norway, Finland, Portugal, Spain, Austria, Romania and Others)

Global Radiography Systems Market and is expected to grow at a ~5% CAGR during 2022 to 2028: Ken Research

 Radiography System is outlined as an exposure device/equipment that is primarily used for radiography activities such as X-ray, computed tomography (CT) scan, ultrasound, magnetic resonance imaging (MRI), and others. Radiography is used in a variety of examinations and procedures that necessitate a record of a static image, including dental examinations, mammography, orthopedic evaluations, chiropractic examinations, and static recording during fluoroscopy.

According to Ken Research Analysis, the Global Radiography Systems Market was valued at ~US$ 25 billion in 2017, it is estimated to be ~US$ 30 billion in 2022 and is expected to grow at a ~5% CAGR during 2022 to 2028, with market size of ~US$ 40 billion in 2028. The rise in the prevalence of chronic diseases such as cancer, diabetes, cardiovascular disease, neurology disorders, and others, combined with advancements in healthcare systems, has resulted in an increased emphasis on early detection.

Global Radiography Systems Market

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  • Increasing use of AI-enabled diagnostic equipment for rapid diagnosis and predictive analysis, notably in developed countries is one of the major contributing factors to the rising demand for radiography systems.
  • The increasing prevalence of osteoarthritis worldwide, combined with the growing need to diagnose, monitor, and treat health conditions, such as pregnancy, swelling or infection in internal organs, spinal injuries, dental issues, and tendon/ligament tears, is likely to drive market growth in the forthcoming years.
  • High prices for medical imaging tests and limited access to critical infrastructure, particularly in developing countries, are expected to stifle market growth.
  • The ongoing COVID-19 pandemic has adversely affected the global radiography systems market in 2020, primarily due to a decline in patient visits to hospitals and clinics. However, Computed Tomography (CT) scanners witnessed a higher demand in 2020, owing to the need for High-Resolution CT (HRCT) scans for the diagnosis of COVID-19 patients through chest scans.

Key Trends by Market Segment

By Type: The X-Ray Devices segment held the largest market share of the Global Radiography systems Market in 2021, owing to the increase in the demand for early-stage diagnosis of chronic diseases, such as lung infection, breast cancer, enlarged heart, and blocked blood vessels.

  • The ongoing COVID-19 pandemic has also propelled the demand for x-ray systems across countries due to an increase in the number of COVID patients undergoing chest testing.
  • Increasing the use of interventional x-ray systems, including C-arms for image-guided surgeries, is also expected to boost x-ray system market growth.

By Application: The Cardiology segment held the largest market share of the Global Radiography systems Market in 2021, primarily due to the surge in the prevalence of cardiovascular disease.

  • The growing geriatric population exacerbates the need for healthcare products and services as such population is more vulnerable to diseases, such as respiratory (tuberculosis and pneumonia), oral, orthopedic (osteoporosis), and cardiovascular diseases.
  • The ubiquity of high blood pressure among individuals across countries is also contributing to the demand for cardiac radiography systems, as high blood pressure constitutes one of the most important risk factors for cardiovascular disease.

By End User: The Hospitals and Clinics segment accounted for the majority share of the Global Radiography systems Market in 2021.

  • The continuous development in the healthcare industry across countries has raised the requirement for hospitals with advanced techniques and facilities.
  • The growing number of chronic diseases tested during the assessments and processing of body fluids, particularly following the worldwide explosion of the COVID-19 pandemic, are another major factor influencing the demand for radiography systems in hospitals and clinics.

Global Radiography Systems Market

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By Geography: North America accounted for the largest market share in the global radiography systems market in 2021.

  • The growth is mainly attributed to increased technological adoption in diagnostic techniques, extensive research initiatives, and regulatory science activities across the healthcare industry, especially in countries such as USA, and Canada.
  • The region's developed healthcare and hospital infrastructure is also a major factor behind the expansion of radiography systems.

Global Radiography Systems Market

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Competitive Landscape

The Global Radiography Systems market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche diagnostic imaging techniques, such as AI-enabled x-ray interpretation, digital mobile radiography, automatic image stitching, dual-energy imaging, and others, for end-users. The radiology market's growth is heavily reliant on detection technologies and advancements in testing equipment and instruments.

Country-Niche players control about ~40% of the market, while regional players hold a share of ~35%. Some of the major players in the market include General Electric Company, Hitachi Medical Corporation, Siemens Healthcare GmbH, Koninklijke Philips N.V., Samsung Medison Co. Ltd, Fujifilm Holdings Corporation, Hologic, Inc., Shimadzu Corporation, Canon Medical Systems Corporation, Agfa-Gevaert Group, Carestream Health, Esaote and among others.

Recent Developments Related to Major Players and Organizations

  • In July 2022, Fujifilm, a Japanese photography company, launched a hybrid c-arm and portable x-ray solution in Europe, with the intention of providing high-quality fluoroscopic and static x-ray images during surgery and other medical procedures.
  • In April 2022, Unilabs, a European company that provides diagnostic services, collaborated with GE Healthcare, a U.S.-based company that offers medical technology and digital solutions, to provide advanced radiography systems and imaging services, including MRI and CT scanning technology, ultrasound devices, mammography, and X-ray machines, and innovative imaging fleet services in Portugal.

Global Radiography Systems Market

CONCLUSION

The Global Radiography Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the expansion of radiography systems is a rise in the prevalence of chronic diseases such as cancer, diabetes, cardiovascular disease, neurology disorders, and others, combined with advancements in healthcare systems. Though the market is highly competitive with ~100 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and report delivered within maximum 2 working weeks.

Market Taxonomy

By Type         

  • X-Ray Devices
  • Ultrasound Systems
  • Computed Tomography (CT) Scanners
  • Magnetic Resonance Imaging (MRI) Equipment
  • Nuclear Imaging Equipment

By Application

  • Cardiology
  • Neurology
  • Orthopedics
  • Gynecology
  • Oncology

By End User

  • Hospitals and Clinics
  • Specialty Clinics
  • Diagnostic Imaging Centers
  • By Geography • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, Italy, France, Spain, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Players  

  • General Electric Company
  • Hitachi Medical Corporation
  • Siemens Healthcare GmbH
  • Koninklijke Philips N.V.
  • Samsung Medison Co. Ltd
  • Fujifilm Holdings Corporation
  • Hologic, Inc.
  • Shimadzu Corporation
  • Canon Medical Systems Corporation
  • Agfa-Gevaert Group
  • Carestream Health
  • Esaote

Global Automotive Electronic Control Unit (ECU) Market is expected to record a positive CAGR of ~6% during the forecast period (2022-2028): Ken Research

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According to Ken Research Analysis, the Global Automotive Electronic Control Unit (ECU) Market is expected to record a positive CAGR of ~6% during the forecast period (2022-2028) and is expected to reach nearly US$ 75 billion by 2028, owing to the increasing features such as ADAS, traction control, parking assistance, electronic braking, and others.

global-automotive-electronic-control-unit-ecu-market-revenue

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Key Growth Drivers

The Global Automotive Electronic Control Unit (ECU) market is driven by several factors including the rising trend of adopting integrated ECUs, growing demand for luxurious cars and innovation in the electric vehicle segment, and growing popularity of ADAS, parking assistance, AEB, and ACC features. Moreover, government mandates to reduce fuel usage also boost the automotive electronic control unit market growth.

  • The automotive industry has witnessed tremendous growth as compared to a decade ago. Not only, the industry has seen new market entrants, but also developments in vehicle aesthetics from the existing players. Catering to a wider audience had been the primary goal of automotive companies, and the luxury vehicles segment is one of the major markets. Earlier the luxury vehicle segment was limited to Bentley, Rolls Royce, and Cadillac, but as consumers are getting more aware and demanding, some so many new entrants meet the growing demand. The number of features in a vehicle is directly proportional to the number of ECUs integrated and thus faces a huge demand.
  • Moreover, with the introduction of electric vehicles, it has become easier for manufacturers to focus more on providing safety and luxury features. Electric vehicles also serve as a base for the development of autonomous vehicles, and thus the demand for ECUs is expected to reach unimagined heights.

The Global Automotive Electronic Control Unit (ECU) Market faces challenges due to increased design complexity and sophistication of ECUs, operation failure in ECU, and cost and quality trade-off.

  • ECUs serve as the brain/heart of the vehicle and like other electronic devices/components, their failure can be catastrophic. Failure of ECU can be caused by several internal and external factors such as extreme temperature, excess voltage or current, and mechanical shock, among others. A faulty ECU won’t let the engine turn on or turn on several warning lights in the vehicles which become very challenging to get the vehicle repaired at that instant.
  • The design and manufacturing of an ECU are highly technical and complex. The vehicles that are manufactured get OEM-fitted ECUs which tend to be costlier than aftermarket ECUs. Moreover, the aftermarket ECUs generally have a quality issue and sometimes are not fully compatible with the onboard system. All these factors pose challenges for manufacturers to procure highly technical labor, and the end-user to compromise on either quality or cost.

The COVID-19 pandemic had a negative impact on the growth of the Automotive Electronic Control Unit Market. The major factors responsible for the slowdown in the automotive industry during the pandemic are the shortage of semiconductor chips and disruption in the global supply chain. The imposition of lockdowns in several countries resulted in restrictions on travel, which further impacted the sales of vehicles. The decline in vehicle sales caused automobile manufacturers and OEMs to halt or reduce their production. Moreover, on the electronics & semiconductor industry side, the shelf life of electronic components was rising, which indirectly impacted in high cost of the components. However, as the automotive industry began to stabilize in early 2021, the Automotive Electronic Control Unit (ECU) Market also started to show progress.

Key Trends by Market Segment

By Capacity: The 32-bit segment dominated the market based on capacity in the Global Automotive Electronic Control Unit (ECU) Market in 2021.

  • As the vehicles include more features, it also requires high-end processing, due to which 32-bit ECUs are preferred over 16-bit ECUs. As per the current passenger vehicle segment, the 32-bit ECUs tend to be widely used due to more processing capabilities, and less expensive than 64-bit. The 64-bit ECUs tend to have some specific applications in autonomous vehicles and thus are in lesser demand at present. Most of the auto component manufacturers and automotive electronics companies recommend upgrading from 16-bit ECU to 32-bit ECU.

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By Vehicle Type: Passenger vehicle segment held the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2021.

  • Passenger vehicle manufacturers often face the demand for the inclusion of several safety features and comfort features. Some of the widely demanded features in passenger vehicles include electronic braking and ABS, airbag deployments, crash detection, parking assist and lane assist, hi-tech infotainment systems, automatic climate control, adaptive cruise control, and others. As the demand for these features increases in passenger vehicles, the demand, and integration of several ECUs in the vehicles is expected to increase. Moreover, the growing sales of EVs add subsequently to this demand.

By Application: The powertrain segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) in 2021 by applications.

  • The powertrain segment is one of the essential ECUs that involves engine control, transmission control, and several other important factors for the error-free operation of a car. It is a basic ECU and is essential to be present in every vehicle produced. The powertrain ECU involves inputs from multiple sensors such as oxygen, air, temperature, and CO, among others. This segment is also expected to continue its dominance during the forecast period.

By Propulsion Type: Internal combustion engine (ICE) segment accounted for the largest market share by propulsion type in the Global Automotive Electronic Control Unit (ECU) Market in 2021.

  • ICE vehicles hold a high proportion in terms of the number of vehicles on-road and current productions. Although the initiatives and development pace of electric vehicles has increased, it yet has enough time to equally compete with the ICE vehicles. Over the period of the next 10 years, the automotive industry is expected to go through major changes which also involve a decline in the production of ICE vehicles. The electric vehicles segment is expected to fastest-growing during the forecast period.

By Autonomous Level: Conventional vehicles held the largest market share in Global Automotive Electronic Control Unit (ECU) market in 2021.

  • The current status of autonomous vehicles has only been reached by level 2 of automation, however, there has been consistent progress yet the concern for safety remains. On the other hand, conventional vehicles including ICE and electric variants are being currently used in large numbers and are capable of housing multiple ECUs to meet the present market demand.

global-automotive-electronic-control-unit-ecu-market-revenue-share-by-autonomous-level

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By End-user: OEM segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2021.

  • Auto parts OEMs are directly associated with the vehicle manufacturers in supplying the original equipment as per the design standards and compatibility. The OEM automotive ECUs tend to be highly compatible as compared to aftermarket products because the OEMs form an agreement to supply their products for a specific vehicle model and even for all of the vehicle models of automotive manufacturers. Although OEM ECUs are expensive as compared to aftermarket ones, most vehicle manufacturers and service centers recommend using OEM parts as standard. This also helps in violating any warranty-related issues.

By Geography: Asia-Pacific region accounted for the largest share of the Global Automotive Electronic Control Unit (ECU) in 2021.

  • Asia Pacific region has been witnessing a huge demand for hi-tech in-vehicle infotainment and communication services. Several emerging economies in the region including China, India, South Korea, Indonesia, and Thailand, are expected to witness huge opportunities in the automotive sector owing to a large population, increasing disposable income, and rising demand for safety features and luxury vehicles.
  • Japan, China, and India among other countries have already initiated the production of electric vehicles, which is further expected to fuel the market growth in the region. The rise in the production of electric vehicles is further backed up by stringent governmental and environmental mandates to reduce carbon emissions levels.

global-automotive-electronic-control-unit-ecu-market-major-regions

Competitive Landscape

The Global Automotive Electronic Control Unit (ECU) Market is highly competitive with ~100 players that include globally diversified players, regional players as well as country-niche players. Regional players comprise ~55% of the competitors, while the global players comprise the second highest of the total number of competitors. Some of the major players in the market include Veoneer Inc, Asentec Co Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hella KGaA Hueck & Co. (HELLA), Sensata Technologies, Mitsubishi Electric, Sumitomo Electric Industries Ltd, Magneti Marelli, and Aptiv, among others.

The leading automotive electronic control unit (ECU) companies such as Denso Corporation, Mitsubishi Electric, and Veoneer Inc are highly focused on strategic developments related to automotive ECUs such as product launches, technical product development, collaboration, acquisition, and others to hold their position in the market.

global-automotive-electronic-control-unit-ecu-market-competitive-landscape

Recent Developments Related to Major Players

  • In November 2021, Robert Bosch invested Euro 400 million to expand its wafer fabrication facilities in Germany and its semiconductor operations in Malaysia. This investment is aimed to lower the shortage of semiconductor chips that the automotive industry has been recently facing.
  • In August 2020, Veoneer, Inc, and Qualcomm Technologies, Inc collaborated to deliver the highly scalable ADAS, collaborative and autonomous driving-based solutions to auto manufacturers using Veoneer’s next-generation perception and driving policy software stack and Qualcomm’s Snapdragon Ride ADAS/AD of SoC’s and accelerators.
  • In January 2019, ZF Friedrichshafen AG, a Germany-based auto parts supplier launched an ECU comprising self-driving capabilities that are using the chips made by Xilinx Inc. Its ECU caters to transmission and is mostly targeted to traditional automakers and ride-hailing companies.

Conclusion

The Global Automotive Electronic Control Unit (ECU) Market is forecasted to continue a positive growth, primarily driven by the rising trend of adopting integrated ECUs, growing demand for luxurious cars and innovation in the electric vehicle segment, and growing popularity of ADAS, parking assistance, AEB, and ACC features. APAC is expected to remain the dominant region throughout the forecast period owing to the emerging automotive hub in terms of production as well as consumption. Though the market is highly competitive with ~100 participants, global players control the dominant market share.

Note: This is a Planned/On-Demand report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Automotive Electronic Control Unit (ECU) Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, market is segmented by capacity, vehicle type, application, propulsion type, autonomous level, and end-user. In addition, the report also covers market size and forecasts for the four region's Automotive Electronic Control Unit (ECU) Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Capacity

  • 16-bit
  • 32-bit
  • 64-bit

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles)

By Application

  • ADAS & Safety Systems
  • Body Electronics
  • Powertrain
  • Infotainment
  • Others

By Propulsion Type

  • Electric
  • Hybrid
  • ICE

By Autonomous Level

  • Autonomous Vehicles
  • Conventional Vehicles
  • Semi-autonomous Vehicles

By End-user

  • OEM
  • Aftermarket

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Sweden, Italy)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
  • LAMEA (Latin America, Middle East, Africa)

Key Players

  • Veoneer Inc
  • Asentec Co Ltd
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • Continental AG
  • Denso Corporation
  • Hella KGaA Hueck & Co. (HELLA)
  • Sensata Technologies
  • Mitsubishi Electric
  • Sumitomo Electric Industries Ltd
  • Magneti Marelli
  • Aptiv

Global Warehouse Management Systems Market is expected reach a revenue of US$ 7 Bn by 2028: Ken Research

 A Warehouse Management system (WMS) is software that aids in the management and intelligent execution of a warehouse's, distribution center, or fulfilment center’s operations. WMS applications provide features like order allocation, order picking, replenishment, packing, shipping, labor management, yard management, and automated materials handling equipment interfaces.

The Global Warehouse Management Systems Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2028) and reach a revenue of US$ 7 Bn by 2028. This growth is owing to the development of digital technology in global logistics, including delivery of key performance indicators (KPIs), enhanced supply chain flexibility, and cost-cutting, which have pushed Third-Party Logistics (3PL) and the supply chain sector to adopt warehouse management systems along with the rising e-commerce and customer online purchasing behaviors are anticipated to enhance demand for the warehouse management system.

Global Warehouse Management Systems Market

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  • WMS demand is expected to increase significantly as a result of switching supply chain strategies used by product manufacturers and rising consumer demand, especially in the transport & logistics, and retail industries. One of the key factors driving the market expansion is the requirement for manufacturers to automate warehouse management procedures and reduce costs globally. The system's capacity to deliver goods as quickly as possible via the shortest shipping routes could be the cause of the system's skyrocketing demand.
  • Real-time WMS software solutions are rapidly being utilized as a result of a significant shift in consumer purchasing behavior for effective order processing, picking, packaging, shipment tracking, and route planning in the e-commerce industry. WMS enables businesses to swiftly adjust to the shifting client needs in the e-commerce and online retail space.
  • According to International Trade Administration, an agency in the United States Department of Commerce in 2020 states that of the two consumer focuses, retail consumer goods e-commerce is by far the most dynamic and successful. In 2020, it accounted for 18% of all retail sales worldwide. By 2024, it is anticipated to rise at a rate of over 1% annually, reaching almost 22% of all retail sales worldwide.
  • Small-scale companies frequently utilize old techniques to run their warehouses. The adoption of WMS is hindered by large initial investments and significant deployment investments. The adoption of WMS by small-scale enterprises is additionally constrained by the additional expenses associated with license purchases, upgrades, and employee training during the deployment process. Small-scale industries, however, are not aware of the advantages of WMS, which presents a problem for the market's players.
  • Despite the initial turmoil caused by the COVID-19 pandemic, steady market expansion was made possible by the booming e-commerce sector and a more useful understanding of the benefits of WMS. Additionally, the crisis has quickened the industry's adoption of WMS as well as other warehouse automation solutions.

Key Trends by Market Segment

By Deployment Type- Cloud-based segment held the major market share in 2021 due to its 100% web-based feature and accessibility from any device with an internet connection.

  • Regardless of the size and complexity of the organization using WMS, advancements in cloud-based services are expected to accelerate the adoption of WMS software. Medium-sized and small-sized firms, which do not require the adoption of complex warehouse technologies and high-speed automation, are primarily responsible for the growing demand for cloud-based systems.
  • According to 3PL Central LLC, a WMS solutions provider predicted that cloud-based warehouse management solutions is anticipated to grow and are projected to reach US$ 8.1 billion by 2028. This growth is being fuelled by the adoption of cloud-based WMS, especially among small and medium-sized businesses, as a result of consumer demand and e-commerce.

Global Warehouse Management Systems Market

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By Component Type- The software segment accounted for the highest market share in 2021, mostly due to the growing use of WMS software by small to medium-sized enterprises (SMEs) globally.

  • Since online software is convenient to use, most developed and developing countries prefer to utilize it, which now has led to the software segment dominating the market.
  • In November 2021, Fishbowl, a software company, developed a new online version of its inventory management software.

By Tier Type- Advanced WMS (Tier 1) held the major market share in 2021 owing to the maximum level of interconnectivity and functionality of advanced wms.

  • Advanced WMS includes and fully integrates the main functions like slotting, labor management, transportation management, and yard management. Tier 1 WMS frequently provides the option to configure business rules within the system. Customization is enabled by the software without the need for extra, specialist programming which enables more seamless upgrading.
  • In April 2015, a new powerful warehouse management system from IQMS has already been released. This directed pick-and-put-away distribution system is based on rules and is believed to be competitive with Tier 1 WMS systems. Tessy Plastics Corp., Blue Horseshoe, and IQMS worked together to create Advanced WMS as a supply chain management consultant project.

Global Warehouse Management Systems Market

By Function Outlook- Systems Integration & Maintenance segment held the major market share in 2021, due to various functions that WMS performs such as receiving and storing inventory, optimizing order selection and shipping, and making recommendations on inventory replenishment.

  • Businesses can more effectively monitor and optimize their operations by integrating warehouse management systems with other effective software programs.
  • Organizations might obtain accurate and comprehensive information about warehouse management, transportation, and distribution, and utilize that knowledge to make better decisions by integrating warehouse management systems with transportation management systems. Additionally, it allows for better use of the fleet and other essential resources.

By End-User- The transportation and Logistics segment held the major market share in 2021, due to the expansion of e-commerce sector, rising income levels, and the quick adoption of WMS.

  • According to the Council of Supply Chain Management Professionals (CSCMP), the leading global association for supply chain management professionals, in 2022 stated that United States business logistics costs (USBLC) grew by 22.4% to US$1.85 trillion, nearly 8% of the US$23 trillion GDP predicted for 2021.
  • Logistics and supply chain organizations are rapidly implementing WMS to streamline their processes and boost productivity and efficiency in their warehouses. The segment will continue to expand as consumers are becoming more aware of the advantages of having a well-integrated WMS, such as efficient warehouse operations to match rising demand.

By Geography- Asia Pacific is expected to be the fastest growing market during the forecast period due to the robust economic growth and ongoing advancements in inventory management and warehouse management systems, businesses are investing extensively in these systems to maintain growth and boost productivity.

  • According to the Ministry of Commerce, in 2021, stated that Chinese companies already run more than 1,900 abroad warehouses with a combined floor area of 13.5 million square meters. 
  • According to the Ministry of Commerce & Industry India, which administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade, in 2021 reported that about 14% of India's GDP is currently invested in logistics. In developed countries such as the US, Hong Kong, and France, the ratio of logistics costs to GDP is around half (4-5%) that in India (6-9%).

Global Warehouse Management Systems Market

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Competitive Landscape

The global warehouse management systems market is extremely competitive with ~1,000 players, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in supply chain software for multiple end-user industries.

Country-niche players hold the largest market share, while regional players hold the second largest share. Some of the major players in the market include Infor, Oracle, SAP SE, Softeon, Tecsys, IBM Corp., Fishbowl, Manhattan Associates, 3PL Central LLC, Körber AG, Blue Yonder Group, Inc., Microsoft Dynamics 365, and others.

The leading global specialist companies such as Infor, Softeon, Tecsys, Fishbowl, Manhattan Associates, 3PL Central LLC, Blue Yonder Group, Inc., and Microsoft Dynamics 365 are highly focused on providing significant supply chain software for various functions that can be used across multiple industries, including Automotive, Food and Beverages, Healthcare, Logistics and Transportation, and more.

Global Warehouse Management Systems Market

Recent Developments Related to Major Players

  • In August 2022, Infor announced that Infor WMS has been implemented by Mooneh, a third-party logistics company handling storage and delivery on behalf of top worldwide pharmaceutical corporations.
  • In September 2021, 3PL Central, a specialist in cloud-based warehouse management systems (WMS) developed for third-party logistics (3PL) warehouses, acquired Scout Software, a leading inventory and Warehouse Management system for brands and merchants expanding their e-commerce fulfillment capabilities.
  • In April 2021, the Infor Warehouse Management Systems (WMS) has been released on the Amazon Web Services (AWS) cloud environment, according to an announcement by Infor Japan KK and Atena Corporation, Japan's top direct marketing and outsourcing firm.
  • In May 2020, Manhattan Associates, Inc released the Manhattan Active Warehouse Management Solution. It is the first cloud-native enterprise-class warehouse management system (WMS) in the world, and it never needs to be upgraded.
  • In April 2019, HighJump (Körber) debuted its most recent technology, HighJump CLASS, for the modelling and design of warehouse and logistics. HighJump CLASS equips companies throughout the world to maintain their competitiveness and connect to the future supply chain.

Conclusion

The Global Warehouse Management Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is anticipated to continue growing at a substantial rate of ~15% owing to the recent developments in global logistics, including delivery KPIs, enhanced supply chain flexibility, and cost-cutting, which have pushed 3PL and the supply chain sector to adopt warehouse management systems. The warehouse management system market is expanding due to rising e-commerce and customer online purchasing behaviors. Foreign investments in developing economies are being fuelled by several factors, including favorable trade conditions, progressive government policies, and lower company taxes. Consequently, one of the main areas for WMS market growth is in emerging nations. Though the market is highly competitive with ~ 500 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Market Taxonomy

By Deployment Type 

  • On-premise
  • Cloud-Based

By Component Type

  • Hardware
  • Software
  • Services

By Tier Type  

  • Advanced WMS (Tier 1)
  • Intermediate WMS (Tier 2)
  • Basic WMS (Tier 3)

By Function Outlook

  • Labor Management System
  • Analytics & Optimization
  • Billing & Yard Management
  • Systems Integration & Maintenance
  • Consulting Services

By End User   

  • Automotive
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • E-commerce
  • Chemicals
  • Electricals & Electronics
  • Metals & Machinery
  • Retail & Consumer goods
  • Education
  • Transportation & Logistics
  • Manufacturing
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Companies         

  • Infor
  • Oracle
  • SAP SE
  • Softeon
  • Tecsys
  • IBM Corp.
  • Fishbowl
  • Manhattan Associates
  • 3PL Central LLC
  • Körber AG
  • Blue Yonder Group, Inc.
  • Microsoft Dynamics 365