Global Driver Monitoring System Market Research Report: Ken Research

 Major players in the driver monitoring system market are Delphi Automotive PLC, Visteon Corporation, Valeo SA, Continental AG, Robert Bosch GmbH, Seeing Machines, Faurecia, DENSO Corporation, Magna International, and Aisin Seiki Corporation Limited (Japan).

The Global Driver Monitoring System Market is expected to grow from USD 0.99 billion in 2019 and to USD 1.01 billion in 2020 at a growth rate of 2.29%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach USD 1.45 billion in 2023 at CAGR of 12.64%.

The driver monitoring system market consists of sales of driver monitoring systems which is used to collect recognizable information about the driver for assessing the capability of the driver to perform the driving task safely. The market consists of revenue generated by the driver monitoring system companies manufacturing the driver manufacturing systems such as Facial Recognition/ Head Movement, heart rate monitoring, blink monitoring, steering angle sensor and a pre-collision system.

Europe was the largest region in the driver monitoring system market in 2019.

The global driver monitoring system market is experiencing several technological advances that are expected to boost the market in the forecast period. A rising trend is prominent OEMs (Original Equipment Manufacturers) and MROs (Maintenance Repair and Overhaul) developing advanced detection technologies for drivers of vehicles. For instance, Panasonic Corporation has developed a drowsiness-control technology to detect and predict the level of drowsiness of a person, enabling him/her to remain comfortably awake while driving. Similarly, Mercedes-Benz has developed an innovative ATTENTION ASSIST device that can detect when drivers start to get drowsy and prompt them to stop until it's too late. ATTENTION ASSIST monitors the actions of the driver and creates an individual driver profile at the start of each trip, which is then continuously compared with current sensor data.

The driver monitoring system market covered in this report is segmented by monitoring type into driver alertness/distraction monitoring; driver fatigue monitoring; drunk driving monitoring; identity recognition and by vehicle type into passenger vehicles, commercial vehicles.

The high cost of certain systems, such as adaptive cruise control (ACC), night vision, lane departure warning system (LDWS), blind-spot detection (BSD), and limiting its adoption only among luxury cars hamper the growth of driver monitoring systems market. The cost of commercial systems is very high ranging between USD 5000 and USD 40,000 for building eye-tracking systems. The high cost of these systems ultimately increases the overall cost of cars and reduces the interests of car owners to adopt such systems. Additionally, complex installation procedures for driver monitoring systems is also a major factor that is expected to restrain the growth of the global driver monitoring system market over the forecast period.

In April 2019, Nidec Corporation acquired OMRON Automotive Electronics Co. Ltd for undisclosed amount. Nidec Corporation focuses on module products such as electric power steering (EPS) motors, electric brake motors, etc. and electronic control units (ECU). With the acquisition, Nidec will be able to create new module and systems products by combining Nidec group's products including motors, pumps, gears with OMRON Automotive Electronics' products such as ECUs and other electronics products. Nidec Elesys is strong in wave radar and camera-related products, while OMRON Automotive Electronics has strengths in laser radar and driver monitoring systems, which will allow two companies to collectively provide a full spectrum of sensors required for autonomous driving in the future. OMRON Automotive Electronics has produced many high-quality control products for the body control system, ECUs for motor control systems, power control systems, and other areas to address the market's electrification needs.

Increase in road-safety awareness due to the rise in several on-road accidents caused by the driver due to fatigue and distraction is the major driver for the driver monitoring systems (DMS) market. According to publication by World Health Organization (WHO) in 2020, approximately 1.35 million people lost lives each year due to road traffic injuries. The average rate of deaths per 100,000 population is 27.5, and the risk of a road traffic death is more than three times higher in low-income countries than in high-income countries, which have the average rate is 8.3 deaths per 100,000 population. The DMS is gaining more importance due to the growing need for understanding and adjusting to the driving conditions and reduce the number of accidents. Rise in road accidents due to fatigue, distraction, and lack of alertness in the driver coupled with drinking and driving help the DMS market to witness notable growth.

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Different Trends Across Biomass Electric Power Generation Global Market Outlook: Ken Research

The biomass electric power generation market effectively consists of sales of electricity created using biomass and connected services for household and commercial purposes. The Biomass gasification refers to a procedure that entails the burning of biomass for the generation of producer gas or syngas for manufacture of electricity. Producer gas is an inflammable gas mixture of the carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process optimizes heat, pressure and partial combustion which take place when the air supply (o2) is insufficient for the combustion of biomass.

According to the report analysis, ‘Biomass Electric Power Generation Global Market Report 2020’ states that in the biomass electric power generation global market there are several corporates which presently operating more actively for accounting the handsome value of market share and leading the highest market growth while spreading the awareness related to the benefits of such, decreasing the linked prices, employing the young work force, implementing the profitable strategies, analyzing and observing the strategies and policies of the government and competitors, developing the specifications of the production technologies, enhancing the applications of such and establishing the several research and development programs includes Enviva, Pinnacle Renewable Energy Group, Pacific BioEnergy Corporation, Acciona Sa, Dong Energy A/S, Acciona Sa, Ameresco Inc., E.On Se, Graanul Invest Group and RWE Innogy.

The worldwide biomass electric power generation market reached a value of nearly USD 33.2 billion during 2019, having propelled at a compound annual growth rate (CAGR) of 2.48% since 2015, and is probable to grow at a CAGR of 8.79% to around USD 46.5 billion by 2023.The biomass electric power generation market has been geographically divided into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The Asia Pacific was the greatest region in the biomass electric power generation market during 2019.

The growing government support through several government subsidies and policies drives the growth of biomass electric power generation market. Because of the augmenting concerns connected to climate change and increasing levels of greenhouse gases in the atmosphere resulting from the sweltering of fossil fuels such as coal and oil, new government policies are being edged to encourage sustainable power generation. For instance, In India, the Ministry of new and renewable energy under its National Biogas and Manure Management Programme (NBMMP) gives the subsidies for setting up a family type biogas plants primarily for rural and semi-urban/households. The programme is executed by the State Nodal Departments/State Nodal Agencies and Khadi and Village Industries Commission (KVIC), Biogas Development and Training Centers (BDTCs) and comprises subsidies up to Rs.17,000 (USD 230) for setting up biogas plants.

During 2019, Prospect Co., Ltd., a Japanese vendor of condominiums and owner of few solar power generation conveniences, assimilated acumulative of 18,000 common shares of Pinnacle Renewable Energy Inc. Through the acquisition, Prospect owns and controls acumulative of 3,348,600 Common Shares and plans to use the assimilated common shares for further investment approach. The Pinnacle Renewable Energy Inc. is a Canada based constructor and distributor of industrial wood pellets, which are utilized by large-scale thermal power generators as to establish the reliable base load renewable power. Therefore, in the near future, it is anticipated that the market of biomass electric power generation will increase around the world more positively over the incoming duration.

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Prominent Trends across Transformers Global Market Outlook: Ken Research

 The biomass electric power generation market significantly consists of sales of electricity produced utilizing the biomass and connected services for household and commercial determinations. Biomass gasification denotes to a procedure that includes the burning of biomass for the generation of introducer gas or syngas for production of electricity. The Producer gas is a combustible gas amalgamation of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification procedure utilizes heat, pressure and partial combustion which takes place when the air supply (o2) is insufficient for the combustion of biomass.

According to the report analysis, ‘Transformers Global Market Report 2020’ states that in the transformers global market there are several corporates which presently functioning more effectively for leading the handsome value of market share around the globe during the upcoming years while spreading the awareness related to the applications of such, decreasing the linked prices, employing the young work force, implementing the profitable strategies, analyzing and studying the strategies and policies of the competitors and government, delivering the better consumer satisfaction, establishing the several research and development programs and enhancing the specifications of the production technologies includes ABB, General Electric Corporation, Schneider Electric S.A., Mitsubishi Electric Corporation, Schneider Electric, Mitsubishi Electricis, Toshiba Corporation, Siemens, SGB-SMIT and Hammond Power Solutions.

The worldwide biomass electric power generation market reached a value of approximately USD 33.2 billion in 2019, having increased at a compound annual growth rate (CAGR) of 2.48% since 2015, and is projected to grow at a CAGR of 8.79% to around USD 46.5 billion by 2023.

The biomass electric power generation market has been geographically classified into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The Asia Pacific was the greatest region in the biomass electric power generation market during 2019.

The growing government support through several government subsidies and policies propels the growth of the biomass electric power generation market. Owing to the increasing concerns about climate change and augmenting levels of greenhouse gases in the atmosphere resulting from the burning of fossil fuels likewise coal and oil, new government policies are being formed to enhance the sustainable power generation. For instance, across India, the Ministry of new and renewable energy under its National Biogas and Manure Management Programme (NBMMP) delivers subsidies for setting up a family type biogas plants majorly for rural and semi-urban/households. The programme is adopted by the State Nodal Departments/State Nodal Agencies and Khadi and Village Industries Commission (KVIC), Biogas Development and Training Centers (BDTCs) and includes subsidies up to Rs.17,000 (USD 230) for setting up biogas plants.

The corporates in the biomass electric power generation market are enhancing the new methods to introduce electric power through new hybrid biogas plants by amalgamating biogas with other variations of renewable energy sources likewise solar energy. The combination of solar energy with biogas decreases the operating cost and efforts demanded to deal with the waste products from the farms. Following the trend, U.K based Bioplex and Controllis, during 2019, together advanced an onsite-electric power generator system involving a high output system to transform grass, animal and food waste into biogas, biogas powered 12kW DC Genset generator, solar power arrays, battery bank and 75kW AC Mains Inverters. Such onsite-electric power generator system also delivers the cloud-based remote management and data analytics to improve system performance. The system producers electricity more proficiently than conventional biogas power plants as the introduction of electricity is supported by solar energy when biogas is not obtainable. The generation of electric power by optimizing a mix of solar power and biogas forms the newest trend in the biomass electric power generation market. Therefore, in the near years, it is predicted that the market of transformers will increase around the globe more actively over the coming years.

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Global 3D Printing Services Market Research Report: Ken Research

 Major players in the 3D printing services market are 3D Systems Corporation, Stratasys, Materialise NV, ExOne, Arcam, ProtoLabs-3D Rapid Prototyping Company, HP Inc., SLM Solutions Group, and ARC Group Worldwide.

The Global 3D Printing Services Market is expected to decline from USD 5.49 billion in 2019 and to USD 5.28 billion in 2020 at a compound annual growth rate (CAGR) of -3.87%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach USD 10.45 billion in 2023 at CAGR of 25.57%.

The 3D Printing service market consists of services provided by 3D printing service providers to companies in any of the forms of 3D printed parts, rapid prototyping, components produced by 3D printers, and related services such as software upgrades and maintenance.

North America was the largest region in the 3D printing market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.

3D printing Services providers are implementing Cloud-based 3D printing services. Cloud-based 3D printing management platform can be used by any individual, enterprises, schools, and service bureaus to render, fix, store 3D design securely and stream 3D design to the 3D printer with complete data tracking and analytics.

The 3D Printing service market covered in this report is segmented by service offering into tooling; parts production; software services; system maintenance; expert service and by end user into consumer products; automotive; healthcare; aerospace & defence.

Intellectual property on printing anything which has property rights issues is considered unauthorized is subject to an act of patent infringement. This factor hampers the growth of 3D printing service market growth. In 3D printing market, the products which are available to print are less. 3D printing products are widely used in the health care industry. Pharmaceutical companies can drastically improve the drug research and development (R&D) by 3D printing as the technology could even be used to print human organs and tissue. However, to print an organ one should buy the patent of the 3D building product code, that makes the product cost high. Therefore, intellectual property on printing products hampers the growth of the 3D printing service market.

In January 2017, the US-based 3D printers manufacturer and service provider, 3D systems acquired Next Dent for an undisclosed amount. Next Dent is 3d printing provider of dental materials and services provider.

Reduction in manufacturing cost and process downtime contributed to the growth of the 3D printing services market. 3D printing technology helps companies greatly reduce their manufacturing costs, reduce downtime and minimize waste. With the use of 3D printing for prototyping, companies can significantly lower the cost of developing new products. The minimal labor/workforce involved in this process also contributes to the low manufacturing costs. Due to 3D printing the manufacturing time can be reduced from months to days. For instance, to print a phone case it takes around 20 minutes, and similarly a 2*4 Lego can be printed in 4 minutes. Therefore, reduction in manufacturing costs and process downtime increased demand for the 3D printing services market.

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Global Asphalt Shingles Market Research Report: Ken Research

The Asphalt Shingles market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The global Asphalt Shingles market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Asphalt Shingles market. The report focuses on well-known providers in the global Asphalt Shingles industry, market segments, competition, and the macro environment.

Under COVID-19 Outbreak, how the Asphalt Shingles Industry will develop is also analyzed in detail in Chapter 1.7 of the report.

In Chapter 2.4, we analyzed industry trends in the context of COVID-19.

In Chapter 3.5, we analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.

In Chapters 6 to 10 of the report, we analyze the impact of COVID-19 on various regions and major countries.

In chapter 13.5, the impact of COVID-19 on the future development of the industry is pointed out.

A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Key players in the global Asphalt Shingles market covered in Chapter 4:

Tarco

Owens Corning

Atlas Roofing

TAMKO Building Products

Polyglass USA

Malarkey Roofing

PABCO

GAF Materials

IKO Group

CertainTeed

In Chapter 11 and 13.3, on the basis of types, the Asphalt Shingles market from 2015 to 2026 is primarily split into:

Dimensional Shingles

High Performance Laminated Shingles

Three-Tab Shingles

In Chapter 12 and 13.4, on the basis of applications, the Asphalt Shingles market from 2015 to 2026 covers:

Residential

Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2026) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:

North America (Covered in Chapter 6 and 13)

United States

Canada

Mexico

Europe (Covered in Chapter 7 and 13)

Germany

UK

France

Italy

Spain

Russia

Others

Asia-Pacific (Covered in Chapter 8 and 13)

China

Japan

South Korea

Australia

India

Southeast Asia

Others

Middle East and Africa (Covered in Chapter 9 and 13)

Saudi Arabia

UAE

Egypt

Nigeria

South Africa

Others

South America (Covered in Chapter 10 and 13)

Brazil

Argentina

Columbia

Chile

Others

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2026

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Emerging Trends across Audio Equipment Global Market Outlook: Ken Research

 The audio equipment market proficiently entails of sales of audio equipment and linked services that are optimized for entertainment, musical instrument amplification, motor vehicles, and public address. The Audio equipment is a device that is utilized for recording, reproducing, and processing the sound. The Audio equipment involve speaker systems, stereo equipment, and amplifiers for the musical instruments and public address systems.

According to the report analysis, ‘Audio Equipment Global Market Report 2020’ states that in the audio equipment global market there are several corporates which recently performing more actively for leading the highest market growth and dominating the handsome value of market share around the globe during the upcoming years while spreading the awareness related to the applications of such, delivering the better consumer satisfaction, decreasing the linked prices, employing the young work force, establishing the several research and development programs, implementing the profitable strategies, analyzing and studying the strategies and policies of competitors and government and enhancing the specifications of the production technologies includes Sennheiser, Yamaha, Audio-Tehcnica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, and MIPRO.

The worldwide audio equipment market was worth USD 33.37 billion during 2019. It is projected to increase at a compound annual growth rate (CAGR) of -1.65% and reach USD 31.23 billion by 2023.

The audio equipment market is projected to be propelled by growing requirement for wireless audio devices. The ultimatum for wireless audio devices is increasing rapidly owing to changing consumers' behavior in media consumption and developing popularity of mobile devices. The Consumers are increasingly optimizing their mobile devices, laptops and tablets to play audio on speakers wirelessly, which is influencing the growth of Wi-Fi and Bluetooth connected speakers. Businesses such as Samsung, Sony, LG and Bose are beginning wireless audio products.

The audio equipment market has been geographically classified into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The North America was the greatest region in the audio equipment market during 2019.

The requirement for wireless audio equipment market is developing rapidly owing to the augmenting the popularity of mobile devices and changing media consumption behavior of customers. Consumers are progressively using mobile devices, tablets and laptops to wirelessly play audio on the speakers. Such purchaser behavior is effectively influencing the growth of Wi-Fi and Bluetooth connected speakers. To capitalize on the developing popularity of wireless audio equipment, constructers such as Samsung, LG, Sony, Bose, Denon, DTS and Qualcomm are also introducing the wireless audio products or platforms. Prevalent Wi-Fi audio equipment involve Sonos Wi-Fi speakers, Bose's Sound Touch system, and Amazon's Echo speakers.

During September 2019, the US based entity, Sonance announced that it has entered into an agreement with James Loudspeaker to procure James for an undisclosed amount. The objective of the deal is to combine engineering technology to reinforce their focus of providing higher acoustic performance in products by giving innovative approaches. James Loudspeaker is a US based entity and a trendsetter in both high performance residential and commercial audio explanations. It introduces products for exclusive homes, forward-thinking businesses, and expensive marine applications. Therefore, in the near years, it is predicted that the market of audio equipment will increase around the globe more effectively over the inflowing years.

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Developing Trends Across Integrated Circuits Market Outlook: Ken Research

The integrated circuits market entails of sales of integrated circuits and connected services that are utilized in several applications such as automobiles, telecommunication, aerospace and defense, and customer electronics. Integrated circuit is a small chip that performs as an amplifier, an oscillator, a timer, and a memory computer. In addition, the integrated circuit is a minor wafer that can accommodate hundreds to millions of transistors, resistors and capacitors.

According to the report analysis, ‘Integrated Circuits Global Market Report 2020’ states that in the integrated circuits global market there are several corporates which presently functioning more effectively for leading the highest market growth and dominating the handsome value of market share around the globe during the inflowing years while delivering the consumer satisfaction, spreading the awareness related to the applications of such, advancing the specifications of the production technologies, employing the young work force, implementing the profitable strategies, studying and analyzing the strategies and policies of competitors and government and developing the applications of such includes Intel Corporation, Texas Instruments, Analog Devices, STMicroelectronics, NXP, ON Semiconductor, Micron, Toshiba, Broadcom and Qualcomm.

During March 2018, the Microchip Technology, an American based manufacturer of micro controller, mixed-signal, and integrated circuits obtained Micro semi Corporation for a contract amount of USD 8.35 billion. With this acquisition, Microchip Technology can improve their product portfolio and augment its position in computing, communications, and wireless systems applications. The Micro semi Corporation, suggests a wide-ranging assortment of semiconductor and system resolutions for communications, defense & security, aerospace and industrial markets.

The developing adoption of the Internet of things (IoT) is projected to drive the integrated circuits (ICs) market in the review period. ICs enable us to sense, understand, and communicate intelligent data. IoT is projected to boost the growth of the integrated circuit market owing to several benefits of utilizing analog ICs across an extensive range of real-time connected devices and applications. The Analog ICs have proficient power consumption features and the signals processing competences needed to organize an automated devices ecosystem. For instance, according to the Gartner Symposium, there will be 25 billion internet-connected devices by 2021. Each of these devices will demand ICs that comprise embedded technology to communicate and sense or interrelate with the environment. Therefore, growing the implementation of IoT devices will augment the requirement for ICs and hence it is projected to propel the integrated circuits market.

The worldwide integrated circuits market was worth USD 412.3 billion during 2019. It is projected to grow at a compound annual growth rate (CAGR) of 5.09% and reach USD 502.94 billion by 2023. Augmented usage of next-generation mobile networks, such as 4G and 5G, demands the installation of new infrastructure. Chipsets likewise radio frequency integrated circuits, system on chips, application specific integrated circuits, cellular integrated circuits, and millimeter-wave integrated circuits are majorly utilized in the enhancement of 5G infrastructure, which generates a high requirement for integrated circuits. Deployment of 5G as the requirement driver that will demand semiconductors for infrastructure is projected to rise the revenue of semiconductors from USD 422.8 billion during 2019 to USD 448 billion throughout 2020. Therefore, in the near years, it is predicted that the market of integrated circuits will increase around the globe more effectively over the inflowing duration.

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Global Integrated Circuits Market

Related Report:-

Global Thick-Film Hybrid Integrated Circuits Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Increasing Trends In Powertrain And Powertrain Parts Global Market Outlook: Ken Research

The powertrain and powertrain parts market consists of sales of powertrain and powertrain parts and connected services. The powertrain refers to a system that transforms power of the engine into vehicle's movement. The powertrain parts involve the engine, transmission, the driveshaft, differentials, and axles amongst others. The vehicle's performance and proficiency are defined by its powertrain system and its connected parts.

According to the report analysis, ‘Powertrain And Powertrain Parts Global Market Report 2020’ states that in the powertrain and powertrain parts global market there are several corporates which presently operating more significantly for registering the handsome value of market share and leading the highest market growth while implementing the profitable strategies, employing the young work force, decreasing the linked prices, analyzing and studying the strategies of the competitors and government, delivering the better consumer satisfaction, decreasing the linked prices, spreading the awareness related to the applications of such and enhancing the specifications of the production technologies includes Ford Motor Company, General Motors Company, Volkswagen AG, ZF Friedrichshafen AG, Delphi Technologies, Toyota Motor Corporation, JTEKT Corporation, Allison Transmission, BorgWarner Inc., and Hyundai Motor Company.

The worldwide powertrain and powertrain parts market was worth USD 607.1 billion in 2019. It is probable to grow at a compound annual growth rate (CAGR) of 8.76% and reach USD 849.38 billion by 2023.The powertrain and powertrain parts market has been geographically classified into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The Asia Pacific was the greatest region in the powertrain and powertrain parts market during 2019.

In addition, during 2019, MAHLE Powertrain Ltd, a UK based merchant of internal combustion engine (ICE) and electrical powertrain, obtained ZG-Zahnrader und Getriebe GmbH for an amount unidentified. Through this acquisition, MAHLE focuses to augment its internal combustion engine (ICE) while aiming on new developments in powertrain producing. ZG-Zahnrader und Getriebe GmbH, founded during 2008, is a German based merchant of powertrain engineering and gearing technology.

Powertrain and powertrain parts producers are progressively investing towards the enhancement of new engine management and optimization technology for thepowertrains. Advance powertrain systems are being improved to augment the proficiency of the engine and decreasing the fuel combustion. The acceptance of electric vehicles has resulted in the producers of powertrain and powertrain parts to invest in powertrains suitable for such electric vehicles. Following the trend, TATA motors during 2019, proclaimed its new powertrain utilizingZiptron technology to power all its electric cars. The electric vehicles alongZiptron technology will have a range of up to 250kms.TATA plans to establish its first electric car fortified with new powertrain system during Q4FY20.

The powertrain and powertrain parts market is propelled by the increasing requirement for enhanced fuel efficiency. The amount of fuel consumed based on the engine, the type of fuel optimized, and the efficiency with which the output of the engine is communicated to the wheels. The powertrain system conveys the engine energy to the wheels of the vehicle and supports in deducting the speed of the engine to save fuel. According to a survey by Consumer Reports during 2018, 85% of American adults demanded that automakers should continue to develop fuel economy for all forms of vehicles. The need to augment the fuel efficiency encourages the advancement of new powertrain systems that are economical and more fuel effective. Therefore, in the near years, it is probable that the market of powertrain and powertrain parts will increase around the globe more effectively over the inflowing future.

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Global Powertrain And Powertrain Parts Market

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Effective Growth across Multimode-Fiber Optic Cable Global Market Outlook: Ken Research

 The multimode fiber optic cable market comprises of sales of multimode fiber cables and connected services that are utilized in several industries likewise telecom, broadcasting, military/aerospace, healthcare, and power. The multimode fiber cable is an optical fiber cable, which is formed to carry multiple light rays instantaneously with a slightly dissimilar reflection angle. Multimode fiber cable can be utilized for short distances as the modes disperse over lengthier lengths.

According to the report analysis, ‘Multimode-Fiber Optic Cable Global Market Report 2020’ states that in the multimode-fiber optic cable global market there are several corporates which presently functioning more effectively for leading the highest market growth and dominating the handsome value of market share around the globe during the short span of time while spreading the awareness related to applications of such, developing the applications of such, delivering the better consumer satisfaction, implementing the profitable strategies, analyzing and studying the strategies and polices of competitors and government, and employing the young work force includes Corning, TE Connectivity, CommScope, 3M, Fujikura, Amphenol, Molex, Prysmian, OFS Furukawa, and Belden.

The technological development in the fiber optic cable perform as a key trend propelling the growth of the single-mode fiber cable market. Wavelength division multiplexing (WDM) is the present technological enhancement in the fiber cables. The Wavelength division multiplexing is an approach of multiplexing the number of optical carrier signals through an individual optical fiber channel by fluctuating the wavelengths of laser lights. WDM enables communication in all instructions in fiber cable. WDMs are utilized on a single optical fiber to blend light signals coming from dissimilar optical fibers. This is obtained by utilizing a coupler at the WDM input. During 2023, Asia-pacific is projected to be the wildest increasing market for WDMs and several companies across China such as ZG Technology, Optic Network Technology, are the leading producers and suppliers of WDMs.

The worldwide multimode fiber optic cable market was worth USD 6.23 billion during 2019. It is predicted to increase at a compound annual growth rate (CAGR) of 19.29% and reach USD 12.6 billion by 2023.

Effective growth in the demand for greater bandwidth and faster speed connections will improve the growth of the multi-mode fiber cable market. There is an outpouring for high bandwidth from enterprises and individuals owing to augmented usage of the internet for video calls, gaming, online shopping, and social media. The Fiber optic cable depends on light to communicate data instead of electricity so that it can speed up the internet acquaintances that are accomplished of handling greater bandwidth. For example, 4K Ultra High Definition (UHD) TV at homes consumes nearly 15-18 Mbps of data which is three times more than the plain HD TV. By 2022, it is projected that nearly 62% of connected flat panel TV sets will be 4K. This aim on growing demand for higher bandwidth developing video consumption. Thus, increase demand for faster speed connections and greater bandwidth is influencing the multi-mode fiber cable market's growth.

Throughout June 2018, Prysmian Group, an Italian based electric power transmission and telecom cables and systems producers, obtained General Cable Corporation for a deal amount of USD 30 per share in cash. The acquisition of General Cable Corporation was focused to reinforce Prysmian Group in the business of cables and wires. After achievement of the transaction, General Cable has become a confidentially held corporate, and therefore, shares of the General Cable are no lengthier listed on NYSE or any other public market. The General Cable Corporation, a USA based company, particular in the producing of cables and wires with manufacturing amenities in core geographical markets and sales distribution around worldwide.

Therefore, in the near years, it is predicted that the market of multimode-fiber optic cable will increase around the globe during the inflowing years.

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Global Multimode-Fiber Optic Cable Market

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UK Used Car Market is expected to reach around GBP 200.0 Billion in terms of Gross Transaction Value (GTV) by the year Ending 2023: Ken Research

 The report focuses on overall market size in terms of Gross Transaction Value (GTV), UK Used Car market segmentation by Market Structure (Organized and Unorganized Market); by Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); by Kilometers Driven (Less than 5,000 km; 5,000-20,000 km; 20,000-50,000 km; 50,000-80,000 km; 80,000-120,000 km and Above 120,000 km); By Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012 and 2013-2018); and By Car Make (Toyota, Ford, Nissan, Volkswagen, Vauxhall, BMW, Honda, Kia, Lexus, Renault and Others). Major players operating in UK Online Used Car market include Carsnip, autovillage.co.uk, Auto Trader, motors.co.uk, Desperate Seller and others. Major players operating in the UK Offline Used Car market include Mazda Approved Used Cars, Pendragon PLC Group, Toyota Plus Approved Used Cars, Sytner Group, Lookers Group, Marshall Motors and others.

Key Findings

Used car sales volume in UK is expected to increase in the future, thus growing at a positive CAGR of approximately 3%, due to increased penetration of the companies in the online portals for lead generation.           

The entry of new players including used car dealers, multi-brand outlets and online aggregator’s is expected to further stimulate growth in revenues of the used car industry.

The disposable income increased at a CAGR of 3.5% during the review period 2018 to 2023. Increasing disposable income will cause certain individuals that previously wanted to purchase a used car to buy a new car as a result of his / her increased budget. This trend is further anticipated to impact growth in revenues of the used car industry in the future.

Growing Demand of Used Cars in UK: In the future, used car market will expect about 30.7% growth in demand for hybrid, plug in-hybrid and pure electric cars in accordance with the Society of Motor Manufacturers and Traders, UK. The used cars provided by the organized market go through a proper inspection process and provide many additional after sales services such as financing and insurance options and many others in the country due to which the organized market will continue to dominate the used car space in UK over long term.

Rising Competition: The used car market of UK was observed to be fragmented with rising competition from various players entering the market. Some of the major offline used car providers operating in the UK include Pendragon, Sytner, Lookers Group, and others. However, there are few factors which bring challenges in the market such as consumer uncertainty which will result downward pressure on new car registrations, having a CAGR of around 0.1% during 2018 to 2023, due to which the consumers will be less willing to upgrade one used car for another. Other factors include the government policies such as London Ultra Low Emission Zone, WLTP and Brexit which could cause fluctuations and erratic used car sales in UK.

Online Space gaining Traction: It has been anticipated that due to increased lead generation through the online car portals, the organized dealers will continue to dominate the UK used car market and is anticipated to experience a CAGR of approximately 6.0% during the review period 2018 to 2023. The used car market has a bright future in the UK. The growth of the used car market is especially due to a considerable high penetration of the finance for used cars due to the rising demand in the country.

Analysts at Ken Research in their latest publication “UK Used Car Market Outlook to 2023 – Market Structure (Organized and Unorganized Market); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); Kilometers Driven; By Year of Manufacture; and By Car Market)” believed that the used car industry in UK will augment owing to the rising penetration in the online used car portal, increase in organized dealership chains and stringent inspection process. This rise is expected to boost the demand for used cars in the country owing to the increased availability of financing options across the nation. The market is expected to register positive double digit CAGR of 14.0% in terms of Gross Transaction Value and around 2.5% in terms of used cars during the forecast period 2018-2023.

Key Segments Covered

Market Structure

Organized Sector

By Sales Channel (Multi-Brand Dealers and OEM-certified Dealers)

By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Unorganized Sector

By Sales Channel (C2C and Local Dealerships)

By Lead Generation (Dealerships Walk-ins and Online Car Portals)

Type of Used Cars

MPVs / Sedans

Economy / Hatchbacks

SUVs

Kilometers Driven

Less than 5,000 km

5,000-20,000 km

20,000-50,000 km

50,000-80,000 km

80,000-120,000 km

Above 120,000 km

Year of Manufacture

< 2000

2000-2002

2003-2005

2006-2008

2009-2012

2013-2018

Key Target Audience

Offline Dealers

Online Portal

Organized Multi Brands Dealers

OEM Certified Dealerships

Online Portal

Private Equity and Venture Capitalist

Industry Associations

OEM Manufacturers

Automotive Manufacturers

Car Auction Companies

Time Period Captured in the Report:

Historical Period - 2013-2018

Forecast Period - 2018-2023

Online Companies Covered:

Carsnip

Autovillage.co.uk

Auto Trader Group PLC

Motors.co.uk

Desperate Sellers

Exchange and Mart

Gumtree

Inchcape PLC

Bristol Street Motors

Offline Companies Covered:

Mazda Approved Used Cars

Pendragon PLC Group

Toyota plus Approved Used Cars

Sytner Group

Lookers Group

Marshall Motors

Vertu Motors

Key Topics Covered in the Report

Introduction to the UK Used Car Market

UK Used Car Market Size, 2013-2018

UK Used Car Market Segmentation, 2018

Trends and Developments in UK Used Car Market

Issues and Challenges in UK Used Car Market

Decision Making Process in UK Used Car Market

Customer Pain Points in UK Used Car Market

UK Used Car Auction Market

Online Comparative Landscape in UK Used Car Market

Offline Comparative Landscape in UK Used Car Market

Government Regulations in UK Used Car Market

Business Model in Online Used Car /Market

Working Model in the UK Used Car Market

OLX Used Car Success Story

UK Used Car Market Future Outlook and Projections, 2018-2023

Analyst Recommendation for UK Used Car Market

For information click on the below mentioned link:

UK Used Car Market Outlook to 2023

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Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

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