With only a 3% penetration rate, will Credit Card Industry sustain growth in India?: Ken Research

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With the onset of the coronavirus pandemic, contactless payments have seen a huge spurt in demand, which has resulted in increased issuance of debit as well as credit cards in the country. Over the last few years, the credit card industry has grown significantly in India with many developments happening in the space which include various innovations and changes in technology. Credit card issuers are also making efforts to bring more innovation and awareness to the segment that will contribute to the growth of India’s credit card market.

However, the adoption of credit cards has been fairly paltry across India, with only around 3% of the population having a credit card, which is way off the 30% benchmarks set by World Bank. The Indian middle class mostly has a conservative stance towards credit card usage, with belief that high fees would ultimately lead to no benefit, and hence restrain themselves to use credit cards, which is definitely not a good sign. So, will the credit card industry in India sustain its positive growth in the future? Let’s find out.

1.  The financial services sector has witnessed a massive shift towards digital technology; growth is primarily driven by retail loans and increasing penetration of credit cards in the economy

2. The Credit Card Industry is currently in its growth stage, with Credit Card issuance growing at a roughly 20% CAGR over the last 5 years

3. Introduction of BNPL & increasing popularity of contactless payments post-pandemic among others is contributing to enhancing the adoption of Credit cards in the Indian Market

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4. Adoption of Cashless Society coupled with adoption of usage of credit cards at Transit Systems are driving the Credit Card Industry Growth in India

5. To expand the consumer base and include NIP customers, Alternate Assessments like Employment letters, Fixed Deposits, Add-on cards, and Healthy bank balances are done

6. Though the Credit Card consumer base is at the expansion stage, there are a few challenges associated such as new regulations, and low penetration

7. However, Indian government is performing a major role in the journey of credit card adoption and helping the industry to thrive in the country with a CAGR of ~24% in the future

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Indian Credit Card Industry

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Global Automotive Infotainment System Market expected to record a CAGR of ~9% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Automotive Infotainment System Industry?

Global Automotive Infotainment System market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 25 Bn by 2028.

The Automotive Infotainment System Market is largely driven by rising disposable income and simple financing alternatives, which has led to a rise in demand for technologically advanced vehicles with practical entertainment systems.

The market for automotive infotainment systems is anticipated to develop as connected automobiles become more widely used as consumers are preferring connected automobiles with advanced infotainment systems.

A significant trend that is becoming widely attractive in the automotive infotainment market is technological advancement.

The touchscreen infotainment, might distract drivers and increase the risk of an accident. Using the system to change the radio station, change the channel, set up the next navigation route, or turn the radio on or off does not require the driver to glance away from the road and at the screen which is constraining the market for automotive infotainment systems over the forecasted period.

The COVID-19 pandemic had an inevitable impact on the automotive infotainment systems market, which is primarily driven by growing automotive sales and production. Production and sales of automobiles gradually grew in various regions of the world as a result of continuing lockdowns and the closing of manufacturing plants.

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Global Automotive Infotainment System Market By Product Type

The Global Automotive Infotainment System market is segmented by Product type into Audio unit, Display unit, Heads-Up display, Navigation unit and Others.

The navigation unit by product type dominated the market in 2022, a navigation tool enables determining the present location using GPS, which relies on a satellite, and provides detail on traffic, directions, and weather conditions.

GPS automobile navigation systems provide the most efficient route based on real-time traffic information, as well as extra locations of interest including banks, gas stations, hospitals, and restaurants.

Global Automotive Infotainment System Market By Installation Type

The Global Automotive Infotainment System market is segmented by Installation type into In-dash Infotainment and Rear-seat Infotainment.

The in-dash Infotainment segment accounted for the highest market share in 2022, owing to the demand for feature-rich in-dash entertainment systems and smartphone app connectivity.

Attractive visuals and quick, access, and control functions have been added to in-dash entertainment systems on a constant basis, making them more user-friendly and responsive.

The majority of brand-new passenger cars, trucks, and SUVs are equipped with modern infotainment systems that greatly outperform earlier models.

Global Automotive Infotainment System Market By Fit

The Global Automotive Infotainment System market is segmented by Fit into OE Fitted and Aftermarket.

OE Fitted accounted for the highest market share in 2022 because OE systems are protected by the manufacturer's insurance and cannot be purchased separately.

The advantages of OE-fitted systems include simpler and more convenient servicing and maintenance, which are frequently protected by the warranty offered by the automobile manufacturer.

The ability to access automotive data provided by OE-fitted systems is an additional advantage that enables businesses to launch direct marketing campaigns and issue alerts for service and support.

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Global Automotive Infotainment System Market By Vehicle Type

The Global Automotive Infotainment System market is segmented by Vehicle type into Passenger Cars, Commercial Vehicles and Electric Vehicles.

Passenger cars accounted for the highest market share in 2022, as consumers, most often in developing countries are rapidly adopting premium cars.

The volume of passenger cars on the road in Asia Pacific is rapidly increasing, owing to an increase in utility vehicle demand in densely populated countries such as China, India, and Japan.

Key Topics Covered in the Report

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

Notable Key Players Mentioned in the Report

• Denso Corporation.
• Continental AG
• HARMAN International
• Pioneer Corporation
• Robert Bosch GmbH
• Visteon Corporation
• Panasonic Corporation
• Marelli Holdings Co., Ltd
• JVCKENWOOD Corporation
• Mitsubishi Electric Corporation

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Notable Emerging Companies Mentioned in the Report

• Xona Space Systems
• Ovo Automotive
• TUC s.r.l.
• MBition GmbH
• Ovo Automotive

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

• Manufacturers of Automotive infotainment systems
• Emerging and Startup Companies in Automotive infotainment systems
• Components Suppliers for Automotive Infotainment Systems
• Automotive Market research and consulting firms
• Organizations, forums, and alliances related to automotive infotainment
• Automobile Original Equipment Manufacturers (OEMs)
• Distributors, Suppliers, and Channel Partners of Automotive Electronics
• Global in-vehicle infotainment system manufacturers, suppliers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to automotive infotainment systems
• Government bodies such as regulating authorities and policy makers
• Potential Entrants into Automotive Electronics
• PE and VC Firms focused on Automotive Electronics Segment
• Communications and IT Hardware Companies targeting Automotive Industry

Time Period Captured in the Report

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

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Automotive Infotainment System market

Global Automotive Head-Up Display Market expected to record a CAGR of ~20% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Automotive Head-Up Display Industry?

Global Automotive Head-Up Display market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 4 Bn by 2028.

The Automotive Head-Up Display Market is largely driven by growing demand for connected vehicles and increased adoption of advanced safety features, the growing demand for luxury vehicles across the globe, the surge in focus on improving the in-vehicle experience, and the availability of cutting-edge technologies helping produce head-up displays at low cost.

According to estimates published in Forbes in 2021, the global sales of connected vehicles were expected to cross the mark of 76 million units within the next two years. The estimates implied that around 70% of new light-duty cars and trucks shipped worldwide would have embedded connectivity.

Growth in the number of connected vehicles would also mean a growth in diverse advanced technology features, including head-up displays.

Automotive HUDs are known for presenting crucial traffic information and data to the driver and with the growth in the sales of connected vehicles, data traffic is expected to exceed 1,000 times the present volume. The in-vehicle experience of these connected vehicles is expected to become more immersive in nature, and automotive HUDs are expected to play a big role in that.

Furthermore, Automotive HUDs are a vital component of any luxury vehicle and any growth in the luxury cars segment would reflect positively on the automotive HUD market. The sales of luxury cars have also witnessed promising growth in large economies like China.

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Global Automotive Head-Up Display Market By Technology

The Global Automotive Head-Up Display market is segmented by Technology into Conventional HUD and Augmented Reality HUD.

Technology-wise, the conventional HUD segment occupied the largest share of the market in 2022.

The low installation cost of the conventional HUD system helps it augment its leadership over augmented reality HUD. Apart from ensuring safety to the passengers and the vehicles, conventional HUDs offer a more transparent view of the surroundings, enhancing their value to automotive manufacturers.

The augmented reality HUDs, on the other hand, are known for their capabilities to efficiently showcase pedestrian warnings and blind spots to the vehicle driver. They also prove effective with their night vision features and provide better information about road signals, speed limits, and navigation. AR-based HUDs can seamlessly leverage data obtained from multiple sources, including Wi-Fi, cameras, maps, sensors, and GPS.

Global Automotive Head-Up Display Market By Product

The Global Automotive Head-Up Display market is segmented by Product type into Combiner HUD and Windshield HUD.

  Product-wise, windshield HUDs occupied the larger chunk of the market in 2022.

The dominance of windshield HUDs in the market is because of their prevalence in passenger cars. The primary purpose of a windshield HUD in a passenger car is to project light onto the interior of the car’s windshield. It helps the driver to see critical information relating to the vehicle and its surrounding environment. Manufacturers take special care to match the windshield curvature with the projection system so that the display is optimized for the driver.

A combiner HUD, on the other hand, helps customize information, adjust the brightness, optimize the power consumption, and make the space occupied more compactable.

Global Automotive Head-Up Display Market By Dimension Type

The Global Automotive Head-Up Display market is segmented by Dimension type into 2-D HUD and 3-D HUD.

Dimension-wise, 2-D HUDs occupied the larger chunk of the market in 2022.

The traditional two-dimensional (2D) HUDs exhibit the information keeping a certain distance away from the driver.  The driver needs to assess the projection along the optical axis at a certain point. On the other hand, a three-dimensional display projection occurs exactly in front of the driver.

Although two-dimensional HUDs occupy the larger share of the market, 3-D HUDs are one-step ahead of their 2-D counterparts. In 2-D HUDs, there are chances of a mismatch in the projection when the driver moves his/her head from the usual position. In 3-D HUDs, there are no chances of such a mismatch.

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Global Automotive Head-Up Display Market By Vehicle

The Global Automotive Head-Up Display market is segmented by Vehicle type into Passenger Vehicles and Commercial Vehicles.

In 2022, passenger cars accounted for the larger share of the market.

The presence of passenger cars on roads worldwide is significantly higher than commercial vehicles like LCVs or trucks. Higher availability makes it a natural leader in the market. According to the latest numbers made available by the International Organization of Motor Vehicle Manufacturers, nearly 75% of all motor vehicle production in the world belongs to the passenger car segment.

Technological innovations in making HUDs more OEM-friendly will continue to drive growth in the passenger cars segment as advanced HUDs with AR functions are expected to become a standard passenger car feature.

Key Topics Covered in the Report

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

Notable Key Players Mentioned in the Report

• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Visteon Corporation
• Nippon Seiki Co., Ltd.
• Panasonic
• Pioneer Corporation
• Yazaki Corporation
• Garmin
• LG Display

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Notable Emerging Companies Mentioned in the Report

• EyeLighhts SAS
• CY Vision
• Raythink Technology Co., Ltd.
• Envisics
• Futurus

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

• Automotive Head-Up Display (HUD) and Component Manufacturers
• Components Suppliers for Automotive HUD Systems
• Automotive Manufacturers
• Mobility-tech startups
• Potential Entrants into Automotive Electronics
• PE and VC Firms focused on Automotive Electronics Segment
• Communications and IT Hardware Companies targeting Automotive Industry
• Manufacturers of Automotive infotainment systems
• Automobile Original Equipment Manufacturers (OEMs)
• Distributors, Suppliers, and Channel Partners of Automotive Electronics
• Mobility-Tech/ Travel/ Transport Industry Investors/ VC Funds
• Government Ministries and Departments of Transportation Industry
• Vehicle Safety Authorities/ Research Organizations
• Emerging and Startup Companies in Automotive infotainment systems
• Automotive Market research and consulting firms
• Organizations, forums, and alliances related to automotive infotainment
• Associations, organizations, forums and alliances related to automotive infotainment systems
• Government bodies such as regulating authorities and policy makers

Time Period Captured in the Report

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

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Automotive Head-Up Display Market

63% of computers are affected by dangerous viruses in Vietnam which is 3x the Vietnam average, will Vietnam be able to prevent it? : Ken Research

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Vietnam Cyber Security Industry, which surged ahead with over 17% year-on-year growth in 2021. Ministry of Defence has created Cybersecurity Operations Command to protect the country’s sovereignty in cyberspace, research and predict online wars & manage IT security within Vietnamese People’s Army (VPA), as per findings released by Ken Research.

1. Vietnam has seen increased cyber-attack vectors, artificial-intelligence attacks, among others, in the recent years.

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In the above data chart, a massive spike in cyber threats in 2016 is due to major three reasons, the system of Vietnam’s flag carrier Vietnam Airlines was breached, and the personal information of 400,000 of its frequent-flyer club members was dumped online. In the same year A Vietnamese bank had foiled an attempted $1m cyber heist that involved the use of fraudulent messages, in the Swift messaging system.

2. Development of a local cyber defense infrastructure as the government increases its preparedness for cyberattacks-

• Creation of 21 company-strong “Made in Vietnam alliance” of local cybersecurity firms to collaborate on information security technologies
• Vietnam Information Security Association (VNISA) & Vietnam Computer Emergency Response Team (VNCERT) collaborate with member cybersecurity companies to conduct awareness seminars & summits.
• Participation of experts of local companies such as Bkav, Viettel, VNPT, FPT, CMC in ASEAN Cybersecurity Drills

3. Adoption of Cybersecurity Solutions in Vietnam can be classified

Into 3 major groups

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• Standalone Security Products include - Firewalls, Antiviruses, security gateways, IPS etc.
• Managed Security Services include – Network, application, cloud, mobile securities.
• Professional Services include – Consulting, Security Audit, penetration testing, etc.

Standalone Security Products Dominating Cybersecurity Solutions in the Country, as most of the software and computers comes with pre-installed firewalls, and antivirus are most easy to access by general public.

4. Role of Cutting Edge-Technologies in Developing Cybersecurity Solutions

• AI allows enterprises to perform Vulnerability Management, improve Threat Hunting levels, stimulate better Network Security and monitor critical Data Center processes for better maintenance.
• Blockchain-enabled cybersecurity works on the basis of the technology’s peer-to-peer network fundamentals, and is thus able to create an impenetrable network for hackers
• Big Data enables experts to store huge amounts of data, allowing inspection of network and detection of anomalies in the network.
• Cloud security enables enterprise-security management tools such as sign-in location checks and multi-factor authentication on personal systems of employees, thus guarding against common phishing attacks

Foreign Products Dominating Cybersecurity Product Ecosystem

• Imported Cybersecurity solutions from US, Korea, Singapore, Russia, Japan & China have superior quality, better results & better usability.
• Cisco, Microsoft, Kaspersky, IBM, McAfee are brand names commanding a higher leverage in Vietnam ecosystem due to proven results over sustained periods.
• While local solution portfolio is growing, it is currently limited to Antivirus, Firewall, End-Point Security, VPN, IDS/IPS & Anti-Malware on the product side.
• Limited skilled talent & insufficient know-how about information security systems in the country, impairs the domestic solution development capabilities in Vietnam.
• While state agencies have been mandated to promote usage of locally-developed products, commercial sectors (banking, healthcare, IT etc) prefer imported solutions.

 Governments Role in preventing Cyber attacks

Vietnamese Government aims to improve the country’s 50th rank (out of 194 regions) in the Vietnam Cybersecurity Index 1. Vietnam has created multiple bodies like Cybersecurity Operations Command, Cyber Warfare Unit, Vietnam Computer Emergency Research Team (VNCERT), Project 99 & Decision 893. It is responsible for database system operations and enforces information security legislation, promoting general awareness of Vietnamese towards cybersecurity. I

However, it is yet to be seen how the future of Vietnam cyber security industry will pan out with evolving cyber threats every year.

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Vietnam Cyber Security Market

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Government Investments, Core AI Technology and Faster Deliveries are the 3 Major Trends driving the E-Commerce Shipments Market in Malaysia, says a report by Ken Research

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Industry is expected to reach maturity phase with stable e-commerce growth and increasing price wars among major players. Technological development such as drone deliveries expected to enable quicker deliveries and Robots to ensure smooth fulfillment of orders. E-Com Orders delivered growing at a CAGR of ~40% (2016-2021) with increasing number of online shoppers & entrance of major retailers in Malaysia.

1. Malaysia E-commerce Shipments Market has Witnessed a Strong Growth Trajectory Backed by Competitive Technological Advancements

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Malaysia E-commerce shipments market has been observed in its early growth stages of development, thus growing year on year majorly due to rising E-retailing coupled with increase in the number of online orders. Expansion in internet services (~80% internet penetration in 2021) coupled with increasing demand for online logistics services have collectively given a boost to development of E-commerce shipments industry in Malaysia. Updated Technology such as Live Tracking, Automation, WhatsApp Bots, AI Systems, IoT, Telematics are used by e-com logistics players.

2. Ecommerce growth in Malaysia is primarily driven by a growing number of digitally-savvy, middle-class people who are looking for great deals and access to international brands.

Businesses in Malaysia are supported by a host of efficient and modern infrastructural and technical implementations that facilitate trade, transactions and deliveries. The advanced logistics, connectivity and trading establishments are the foundations upon which the modern technology driven enterprises have found their incredible growth.

Malaysia boasts of an incredible 140% mobile penetration and 85% internet penetration. More than 26 Mn Malaysians access the internet and about 80% of users between the ages of 16 and 64 are already shopping online. Malaysia’s mobile commerce growth is outpacing overall e-commerce, projected to rise at a compound annual growth rate.

Similar to other countries in Southeast Asia, Grocery and FMCG ecommerce is rapidly growing in Malaysia. Malaysia was ranked 2nd in Statista’s world’s fastest growing grocery market list in 2018, with only Singapore registering a higher YoY increase.

 Traditionally ecommerce players in Southeast Asia faced logistical challenges due to the fragmented topology of the region dominated by multiple islands and dense jungles. However, Malaysia is segregated into only two major parts – Peninsular Malaysia and East Malaysia; which makes ecommerce logistics a whole lot more straightforward and cost-effective.

3. More than 2 Days delivery will still dominate the Malaysian E-commerce shipments market

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Many E-com companies are increasingly offering 24-hour delivery promise to its customers to encourage speedy deliveries in and around Kalang Valley, Selangor and Kuala Lumpur, giving a boost to the same day deliveries in Malaysia. Post Pandemic, groceries and essential items are being processed at a faster rate to ensure same day/next delivery of these products to the customers across the country.

4. Digital Free Trade Zone along with other initiatives launched by Malaysian Government to support Efficient Cross Border Trade with E-Commerce as the priority sector

Digital Free Trade Zone (DFTZ) was launched under MITI in 2017 to facilitate seamless cross-border trade and enable local businesses to export their goods with a priority for e-commerce. The e-Fulfilment Hub under DFTZ will be developed over two phases where the first phase will be at the Kuala Lumpur Airport Cargo Terminal operated by POS Malaysia to serve e-commerce players.

Based on Section 14 of the Commercial Vehicles Licensing Board Act 1987 (“CVLBA 1987”), to provide transportation services, two types of licenses are available. Carrier License A – to provide transportation services to third parties using commercial vehicles; Carrier License C – to provide services for their own use.

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

Malaysia E-commerce Shipments Market

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Global Green Chemicals Market expected to record a CAGR of ~10% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Green Chemicals Industry?

Global Green Chemicals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 17 Bn by 2028.

The Green Chemicals Market is largely driven by the rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals.

The stringent government legislation and regulations supporting the use of biochemical such as bioplastics, bioethanol, and others along with growing concern regarding the depletion of fossil fuels vehicles is likely to propel the growth of the global green chemicals market.

The global green chemicals market faces challenges due to the lack of commercialization of bio-based products.

The high cost of green chemicals and the availability of substitutes like synthetic chemicals at a much cheaper rate is also expected to restrict the market's growth.

The COVID-19 pandemic negatively impacted the green chemicals market due to the disruption in the supply chain. The lockdown leas to the temporary closure of manufacturing facilities and the lack of workers which resulted in limitations in production and complication in raw material procurement. These factors affected the sales of green chemicals.

Global Green Chemicals Market By Type

The Global Green Chemicals market is segmented by type into Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Biopolymers and Others.

The bio-alcohols segment held the largest share of the global green chemicals market by type in 2022, owing to the increasing use of bio-alcohols like bioethanol as an alternative fuel for spark-ignition engines of vehicles.

The availability of abundant raw materials, rising crude oil prices, rapid urbanization, and increasing energy consumption are expected to fuel the demand for the global green chemicals market segment.

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Global Green Chemicals Market By End-User

The Global Green Chemicals market is segmented by End-user into Industrial & Chemical, Pharmaceuticals, Food and Beverages, Construction and Others.

The industrial & chemical segment accounted for the largest share of the global green chemicals market in 2022, attributed to the growing urbanization and industrialization.

The increase in chemical transparency across the supply chain along with increasing energy demand globally and a ban on the production and usage of hazardous substances is anticipated to aid the growth of the segment in the global green chemicals market.

Global Green Chemicals Market By Geography

The Global Green Chemicals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe region accounted for the largest share of the global green chemicals market in 2022, due to the presence of key players in the region and the rising adoption of green chemicals across different industries.

The increasing focus on the production of green chemicals along with rising concerns regarding the impact of harmful chemicals on the environment, is expected to augment the growth of the region in the green chemicals market.

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Key Topics Covered in the Report

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

Major Companies Mentioned in the Report

• Cargill, Incorporated
• Mitsubishi Chemical Group Corporation.
• BASF SE 
• DuPont
• DSM 
• Evonik
•  Plantic
• Bayer Material Science AG
• Verdant Law
• Arkema

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Notable Emerging Companies Mentioned in the Report

• Bio-Kleen Products, Inc.
• Palmer Industries, Inc.
• Thermafiber, Inc.
• Vertec BioSolvents Inc.
• Total Corbion PLA

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

• Green Chemicals Manufacturers
• Chemical Manufacturers
• Bio-Alcohol Manufacturers
• Packaging Manufacturers
• Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Green Chemicals
• Green Chemicals Providers
• Green Chemicals Research Organizations
• Green Chemicals Suppliers
• Investors in Green Chemicals Start-ups
• Green Chemicals Distributors
• Government Ministries and Departments of Chemical Industry
• Chemical Industry Regulatory Bodies

Period Captured in the Report

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

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Green Chemicals Market

How Global Chip Crisis can be an opportunity for India’s Semiconductor market to reach over USD 65 Bn by 2027?- Ken Research

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India Semiconductor Market has been growing exponentially with a CAGR of 136% between FY’17 and FY’21 owing to the increasing adoption of Fin-tech in the country.

1. The sales for semiconductors increased to around $450 billion in 2020 and have been growing rapidly which has brought the world into a global chip crisis.

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A semiconductor is an important component of electronic devices that enables advances in computing, communication, military systems, automotive, and other countless applications. The supply chain was slowed down during the global pandemic which affected the sales of the semiconductor market globally. However, as the restrictions were given little relaxation, the market increased to around $450 billion as compared to the 2019 total of $412.3 billion owing to recent technological advancements trends such as hyper-scaler cloud computing, Artificial Intelligence (AI), Internet of Things (IoT), and automotive Advanced Driver Assistance Systems (ADAS), etc. However, the sudden increase in demand created a shortage of chips as it was impossible to meet the requirement at the same pace, post-pandemic.

2. The global chip shortage came as a big threat to countries like India which is a 100% import-driven market, growing at a CAGR of ~11%

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India is a 100% importer of semiconductors. It is only involved in the design, assembling, testing, and packaging of semiconductors. China, Taiwan, the USA, and Japan are some of the major countries that import semiconductors to India. As a result of complete dependency on foreign countries, the market was affected during the COVID-19 outbreak. This pushed India to take crucial steps in order to lower its complete dependency and become self-reliant.

3. India’s game changing move: INR Rs. 2,30,000 to position India as global hub for electronics manufacturing with semiconductors as the foundational building block

India’s vision to become self-reliant in the electronics & semiconductors market was given momentum by approving the Semicon India program with a total outlay of INR 76,000 crore for the development of the semiconductor and display manufacturing ecosystem in India.
Moreover, incentive support to the tune of Rs.55,392 crore (7.5 billion USD) has been approved under PLI for Larges Scale Electronics Manufacturing, PLI for IT Hardware, SPECS Scheme, and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme. In addition to this, the PLI incentives to the quantum of Rs.98,000 crore (USD 13 billion) are approved for allied sectors comprising ACC batteries, auto components, telecom & networking products, solar PV modules, and white goods. In total, the Indian government has committed support of Rs. 2,30,000 crore (USD 30 billion) to position India as a global hub for electronics manufacturing with semiconductors as the foundational building block.
4. Expansion of chip manufacturing plants, and Strategic international joint ventures will enable the Indian semiconductor industry to experience double-digit growth in the future.
India is planning to expand chip manufacturing plants. International semiconductor consortium (ISMC), a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, plans to invest Rs 22,900 crore ($3 billion) in a chip fab. In May 2022, it signed an agreement with the Karnataka government to set up an Electronics Manufacturing Cluster over 150 acres of land in the Kochanahalli Industrial Area. Owing to the expansion of chip manufacturing plants in the country and increasing design centers, the semiconductor industry in India is expected to grow at a CAGR of ~20% from 2023 to 2027. So, the bottom line is, along with the rising domestic demand for electronic products, the increasing number of collaborations with global players, and the Indian government’s encouraging policies, India’s future of becoming a global leader in the semiconductor manufacturing industry looks promising and a near possibility.

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India Semiconductor Market

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Global Commercial Seaweed Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach ~USD 25 Bn By 2028 – Ken Research

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What is the Size of Global Commercial Seaweed Industry?

The Commercial Seaweed Market is largely driven by adoption of commercial seaweed in the food and beverage industry.

 Seaweed is highly rich in vitamins and minerals, which have many health benefits such as support thyroid function, help in reducing body weight, and reduce the risk of heart diseases.

In September 2022, Central Marine Fisheries Research Institute (CMFRI) a research institute in Kerala, India developed a remedy called Cadalmin TM LivCure extract made out of seaweed for fighting against fatty liver diseases that include obesity and type 2 diabetes.

The high cost of seaweed cultivation is hindering the growth of the global commercial seaweed market.

Water contamination has greatly risen recently which creates many difficulties while collecting algae from ocean bottoms, which raises the price of seaweed at the market. However, government involvement in seaweed production i.e., helping help farmers and manufacturers meet the rising demand from the food & beverage industry is likely to overcome this challenge.

The COVID-19 pandemic slowed the growth of the global commercial seaweed market, owing to the reduction in demand for seaweed as raw material from agricultural, cosmetics, and food & beverage industries. As a result, production showed a decline in the global commercial seaweed market.

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Global Commercial Seaweed Market By Product

The Global Commercial Seaweed market is segmented by Product into Brown Seaweed, Green Seaweed and Red Seaweed. The red seaweed segment by product held the largest market share in 2022 in the global commercial seaweed market. Red seaweed dominates the market owing to its multiple operating properties. It is most commonly available and contains high amounts of vitamins and proteins. Red seaweed is used for creating Carrageenan i.e. an additive used to thicken and preserve foods and drinks.

In March 2021, Marine biologists from the Central University of Punjab discovered two new species of red seaweed from the west and south-east coast of India called Hypnea indica and Hypnea bullata.

Global Commercial Seaweed Market By Form

The Global Commercial Seaweed market is segmented by Form into Powder, Liquid and Flakes.

The powdered segment by form held the largest market share in 2022 in the global commercial seaweed market.

The growth is primarily due to the easy portability and simple utilization of seaweed in powder form. Seaweed powder is majorly used in the food and cosmetics industries, the process of removing water from seaweed significantly increases its shelf life i.e. specific time duration for which a product may be stored without becoming unfit for use, sold, or consumed.

The shelf life of seaweed is a maximum of up to 60 days while the powder seaweed shelf life is up to one year as dried seaweed never rots.

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Global Commercial Seaweed Market By Application

The Global Commercial Seaweed market is segmented by Application into Food and Beverages, Agricultural Products, Animal Feed Additives, Pharmaceuticals and Others.

The food and beverage segment accounted for the largest market share in the application segment in 2022 for the global commercial seaweed market.

Seaweed is mainly used in the food and beverage industry as seaweed is majorly used as a thickening agent in various food products such as ice creams, soups, and yogurts.

Seaweed is highly rich in vitamins, minerals, and proteins, thus is the main source of vitamin B12 and iodine, which help to fight diseases like hypothyroidism and anemia.

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Global Commercial Seaweed Market

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Global Automotive Electronic Control Unit (ECU) Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Automotive Electronic Control Unit (ECU) Industry?

Global Automotive Electronic Control Unit (ECU) market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 75 Bn by 2028.

The Automotive Electronic Control Unit (ECU) Market is largely 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. 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. 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 COVID-19 pandemic had a negative impact on the growth of the Automotive Electronic Control Unit Market. However, as the automotive industry began to stabilize in early 2021, the Automotive Electronic Control Unit (ECU) Market also started to show progress.

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Global Automotive Electronic Control Unit (Ecu) Market By Capacity

The Global Automotive Electronic Control Unit (ECU) market is segmented by Capacity into 16-bit, 32-bit and 64-bit.

The 32-bit segment dominated the market based on capacity in the Global Automotive Electronic Control Unit (ECU) Market in 2022.

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.

Global Automotive Electronic Control Unit (Ecu) Market By Vehicle Type

The Global Automotive Electronic Control Unit (ECU) market is segmented by Vehicle type into Passenger Vehicle and Commercial Vehicles

Passenger vehicle segment held the largest market share in the Global Automotive Electronic Control Unit (ECU) market in 2022.

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.

Global Automotive Electronic Control Unit (Ecu) Market By Application

The Global Automotive Electronic Control Unit (ECU) market is segmented by Application into ADAS & Safety Systems, Body Electronics, Powertrain, Infotainment and Others.

The powertrain segment accounted for the largest market share in the Global Automotive Electronic Control Unit (ECU) in 2022 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.

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Global Automotive Electronic Control Unit (Ecu) Market By Propulsion Type

The Global Automotive Electronic Control Unit (ECU) market is segmented by Propulsion type into Electric, Hybrid and ICE.

Internal combustion engine (ICE) segment accounted for the largest market share by propulsion type in the Global Automotive Electronic Control Unit (ECU) Market in 2022.

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.

Global Automotive Electronic Control Unit (Ecu) Market By Autonomous Level

The Global Automotive Electronic Control Unit (ECU) market is segmented by Autonomous level into Autonomous Vehicles, Conventional Vehicles and Semi-autonomous Vehicles.

Conventional vehicles held the largest market share in Global Automotive Electronic Control Unit (ECU) market in 2022.

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.

Key Topics Covered in the Report

• Snapshot of the Global Automotive Electronic Control Unit (ECU) Market
• Industry Value Chain and Ecosystem Analysis of the Automotive Electronic Control Unit (ECU) Market
• Market size and Segmentation of the Global Automotive Electronic Control Unit (ECU) Market
• Historic Growth of the Overall Global Automotive Electronic Control Unit (ECU) Market and Segments
• Competition Scenario of the Automotive Electronic Control Unit (ECU) Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Automotive Electronic Control Unit (ECU) Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Automotive Electronic Control Unit (ECU) Market
• Future Market Forecast and Growth Rates of the Global Automotive Electronic Control Unit (ECU) Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Automotive Electronic Control Unit (ECU) Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Electronic Control Unit (ECU) Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Players Mentioned in the Report

• 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

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Notable Emerging Companies Mentioned in the Report

• MotoLink
• Kendrion N.V.
• MicroAutotech
• Embitel
• Napino Auto & Electronics Ltd.

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

• Automotive Electronics Manufacturers
• Semiconductor IP Suppliers
• Semiconductor Chip Manufacturers
• SoC and Hardware Suppliers
• Vehicle Manufacturers
• Auto Component Manufacturers
• Government & Regulatory Authorities of Automotive Industry
• Automotive Research institutes
• PCB Designers and Manufacturers
• Material Suppliers for ECUs
• Components Suppliers for ECUs
• Automotive Retailers
• Investors in Automotive Industry
• Software Developers & EV Component Manufacturers
• Automotive OEMs
• Start-ups & Incumbents in Automotive Electronics
• Automotive Testing & Inspection Companies
• Company Research and Development Institutes
• Market Research & Consulting Firms
• Banking and Financial Service Providers

Period Captured in the Report

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

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Automotive Electronic Control Unit (ECU) market

Global Agricultural Pumps Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Agricultural Pumps Industry?

Global Agricultural Pumps market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 7 Bn by 2028.

The Agricultural Pumps Market is largely driven by the consistent rise in global population, increased pressure for food on agricultural production/supply system, growing adoption rate of modern and efficient farming techniques and governments across the world proactively supporting the modernization.

Global population is growing at a consistent pace. Proportionately, the demand for food is also expected to increase, resulting in the need for more and more cultivable lands to be brought under an efficient irrigation system. It requires powerful and efficient pumps that could draw water from underground sources as well as surface-level reservoirs.

Agricultural pumps also help make the farming process more efficient and cost-effective. For instance, solar energy-powered pumps can reduce disruptions in the water supply at places where the supply of electricity is insufficient and irregular. Centrifugal pumps, a sub-category of the rotodynamic variety, are capable of transferring low-viscosity fluids at a high flow rate. A rotodynamic pump is also designed in a way that makes it ideal for handling large volumes of water without requiring a high maintenance cost. The design of these pumps is simple and they are suited for operations that are run continuously. Positive displacement pumps, on the other hand, help deal with high-viscosity fluids, such as groundwater. They remain steadily efficient even in situations where the supply of water is irregular in its pressure, flow, and viscosity.

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Global Agricultural Pumps Market By Product Type

The Global Agricultural Pumps market is segmented by Product type into Rotodynamic Pumps and Positive Displacement Pumps.

Rotodynamic pumps accounted for the largest share of the market in 2022. Among its sub-categories, namely Centrifugal Pumps, Axial Flow Pumps, and Mixed Flow Pumps, Centrifugal pumps emerged as the largest segment. The positive displacement pumps are expected to witness the fastest CAGR during the forecast period of 2022-2028.

The Centrifugal Pumps witnessed the maximum demand owing to its capability of offering high levels of efficiency across a range of operating conditions. These pumps are also easy to install and can be deployed at lower costs. Mixed flow pumps, another subcategory of rotodynamic pumps, offer a high flow rate, while axial flow pumps are known for their higher mass-flow rates.

Global Agricultural Pumps Market By Power Source

The Global Agricultural Pumps market is segmented by Power source into Electricity Grid-Connection, Diesel/Petrol and Solar.

Pumps powered by electricity grid connections accounted for the largest share of the market in 2022. However, solar energy-powered pumps are expected to witness the fastest growth during the forecasted period of 2022-2028.

In vast areas of North America, Europe, and the Asia Pacific, electricity grid-connected agricultural pumps are preferred as they are relatively cheaper than diesel/petrol-powered pumps. Many provincial and national governments in the Asia Pacific region offer subsidies on the price of electricity as well.

Solar power-backed pumps that leverage the technology of photovoltaic cells are considered sustainable solutions that are immune from fluctuations in prices as is evident in the cases of electricity or fossil fuel.

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Global Agricultural Pumps Market By Power Rating

The Global Agricultural Pumps market is segmented by Power rating into 0.5-3 hp, 4-15 hp, 16-30 hp, 31-40 hp and >40 hp.

The 4-15 hp segment accounted for the largest segment of the market in 2022, and is expected to continue on its growth trajectory at a substantial pace during the forecast period of 2022-2028.

The largest market share of the 4-15 hp segment is driven by these pumps’ capability to resist voltage fluctuations. Small and medium-sized landowners deploy these pumps as solutions to extract water from lakes and reservoirs.

Fragmentation of cultivable land is a reality across the world. According to the data published by the Food and Agriculture Organization of the United Nations in 2021, five of every six farms in the world are built on less than two hectares of land.

Global Agricultural Pumps Market By Application

The Global Agricultural Pumps market is segmented by Application into Irrigational and Livestock Watering.

In terms of application, agricultural pumps meant for irrigation occupied the largest share of the market in 2022.

The depletion of groundwater, diminishing levels of surface water reserves, and major droughts across large regions like Chile or the United States have made irrigation pumps a dire necessity for most farmers worldwide. Efficient irrigation also ensures high levels of productivity and profitability in the agricultural sector.

According to the Census of Agriculture conducted in the United States in 2017, farms with irrigation held more than 54% of the total value of U.S. crop sales, whereas irrigated land accounted for less than 20% of the country’s total harvested cropland.

Key Topics Covered in the Report

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

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Notable Major Companies Mentioned in the Report

• Xylem Inc.
• Grundfos
• Franklin Electric
• Flowserve
• WILO
• Falcon Pumps Pvt. Ltd.
• Walrus Pump Co. Ltd.
• Kirloskar Group
• Haicheng Suprasuny
• Lindsay Corporation

Notable Emerging Companies Mentioned in the Report

• Futurepump Ltd.
• aQysta
• Ecozen Solutions
• Khethworks
• Intech Harness

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

• Agricultural Pumps and Component Manufacturers
• Agricultural Supply Marketplaces
• Government Agricultural Departments
• Agri-tech Startups
• Agri-tech Industry Investors/ VC Funds
• Agricultural Pump Raw Material Suppliers
• Farmer Support Groups/ Non-Governmental Organization (NGO)
• Large Agricultural Farms/ Food Production Companies

Time Period Captured in the Report

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

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Agricultural Pumps market