Global Semiconductor Metrology and Inspection Equipment Market is expected to reach approximately US$ 15 billion by 2028: Ken Research

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What Is the Size of Global Semiconductor Metrology & Inspection Equipment Industry?

Global Semiconductor Metrology & Inspection Equipment market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028. The Semiconductor Metrology & Inspection Equipment Market is largely driven by rising demand for the miniaturization of electronic circuits in consumer electronic devices. Additionally growing smart devices application, rising industrial automation, and widespread chip integration in vehicles propel the demand for semiconductors globally.

Due to the increase in the number of smartphones and also due to the miniaturization of gadgets the proper inspection of the semiconductor manufacturing is important so that it does not cause any malfunction which results in a short circuit and damages the product. The challenge faced by the global semiconductor metrology and inspection equipment market is the high dependence of countries like the USA on China for semiconductor parts. On the other hand, high investments and maintenance expenses and the complications of structure and functional defects in manufacturing procedures are expected to obstruct the market growth.

COVID-19 heavily affected the global semiconductor metrology and inspection equipment market. Manufacturing sectors suffered severe losses due to factory shutdowns and fewer production volumes which prevented the growth of the automotive, electronics & semiconductor markets.

Global Semiconductor Metrology & Inspection Equipment Market By Type

The Global Semiconductor Metrology & Inspection Equipment market is segmented by type into Lithography Metrology, Wafer Inspection, Thin Film Metrology and Other Process Control Systems. The lithography metrology type segment held the largest market share in the Global Semiconductor Metrology and Inspection Equipment Market in 2022.

With nonstop transitions, such as the miniaturization of nodes and wafer sizes, the growth in demand for accelerating wafer sizes for ultra-large-scale integration fabrication technology has fostered the growth of lithography metrology equipment.

Global Semiconductor Metrology & Inspection Equipment Market By Organization Size

The Global Semiconductor Metrology & Inspection Equipment market is segmented by Organization Size into Large Enterprises and Small Enterprises. The large enterprise segment held the largest share of the Global Semiconductor Metrology and Inspection Equipment Market in 2022.

Large enterprises are generally the major end-user of the market. This comprises foundries, similar to TSMC and Global Foundry, and integrated device manufacturers, similar to Intel Corporation and Samsung which play a major part in the growth of this segment.

Global Semiconductor Metrology & Inspection Equipment Market By Geography

The Global Semiconductor Metrology & Inspection Equipment market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2022 within the total Global Semiconductor Metrology and Inspection Equipment Market.

The Asia Pacific is one of the prominent regions for the semiconductor industry regarding manufacturing and application. According to the Secretariat of Industrial Approvals (SIA), Asia Pacific is the largest indigenous semiconductor market, and China is the largest single-country market.

Additionally, in the region, the trend toward multiple-layer measurement is expanding due to the use of cluster deposition systems, where the lack of reality of single-layer measurement is driving the demand. Also, the fab manufacturers are shifting process monitors from bare wafers to production wafers due to the high cost and inspection challenges faced by the miniaturization of wafers.

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Competition Scenario In Global Semiconductor Metrology & Inspection Equipment Market

The global semiconductor metrology and inspection equipment market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players. Country-Niche players comprise the highest share of 50% total competitors which is followed by the regional players holding a 35% share. Some of the major players in the market include KLA Corporation, Applied Materials Inc., Onto Innovation Inc. Thermo Fisher Scientific Inc., Hitachi High-Tech Corporation, Nova Ltd., ASML Holding NV, Lasertec Corporation., JEOL Ltd.., Nikon Metrology NV, Camtek Limited., Unity Semiconductor SAS, and others.

What Is the Expected Future Outlook for the Overall Global Semiconductor Metrology & Inspection Equipment Market Across the Globe?

The Global Semiconductor Metrology & Inspection Equipment market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Semiconductor Metrology & Inspection Equipment market is driven by rising demand for the miniaturization of electronic circuits in consumer electronic devices. Additionally growing smart devices application, rising industrial automation, and widespread chip integration in vehicles propel the demand for semiconductors globally. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

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With the increasing collaboration and emergence of new products, the Global Semiconductor Metrology & Inspection Equipment market is changing rapidly. For instance, In July 2022, Onto Innovation Inc., declared the launch of its innovative acoustic metrology products. The new Echo system further expands the transferable request for in-line characterization of opaque films, which is estimated to be roughly USD 110 million, by using the principle of picosecond ultrasonic to deliver critical thickness metrology and material characterization for crucial technology transitions in the DRAM and high- stack NAND memory markets.

In June 2022, Hitachi High-Tech Corporation declared the launch of the Hitachi Dark Field Wafer Defect Inspection System DI2800, a critical element in semiconductor manufacturers’ metrology capabilities. The DI2800 is a high-speed metrology system designed to identify faults and particles on patterned wafers up to 8 inches (200 mm) in diameter. Its high output and performance can help assure device trust ability and safety, particularly for largely sensitive operations like the Internet of Things (IoT) and automotive fields where 100 inspections are needed.

The global semiconductor metrology and inspection equipment market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the increasing demand for the miniaturization of electronic circuits in consumer electronic devices and rising industrial automation and widespread chip integration in the demand for the studied market. The market is highly competitive with ~150 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Global Semiconductor Metrology Market

Global Quantum Computing Market is expected to reach a market size of ~US$ 2000 million by 2028: Ken Research

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What Is the Size of Global Quantum Computing Industry?

Global Quantum Computing market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 2 Bn by 2028. The Quantum Computing Market is largely driven by demand for high-performance computing and influx of government investments. The quantum computing sector will grow as a result of governments investing more money in the field. The development of quantum computing technology has the potential to alter the dynamics of the strategic balance of trade, power, and military affairs. To build and expand quantum computing systems, several countries aim to increase exploratory research on innovative technologies. Rising government spending on such solutions for a variety of applications is predicted to support the growth of the global quantum computing market.

The quantum computing sector faces several underlying intellectual hurdles despite rich development potential. One of the main factors limiting the market's expansion is the complexity of quantum computing solutions. The market's expansion is further hampered by compatibility problems and quantum entanglement during network communication.

Global digitalization has rapidly advanced since the start of the COVID-19 epidemic. The pandemic-induced changes to the world economy are proving difficult to adjust to, and businesses are working to maintain their digital transformation momentum while adjusting to the new norm of installing remote workstations. Quantum computing is still a key component of strong research capabilities in such circumstances.

Global Quantum Computing Market By Components

The Global Quantum Computing market is segmented by Components into Hardware, Software and Services. The hardware segment held the largest market share in 2022, Since hardware represents a substantial bottleneck in the ecosystem, growth in this sector is anticipated.

Numerous hardware platforms are being developed for quantum computing. All commercially accessible quantum computers are based on superconducting circuits and trapped ions, which are the most sophisticated. Spin qubits, photonic networks, and neutral atoms are other intriguing platforms.

Global Quantum Computing Market By Application

The Global Quantum Computing market is segmented by Application into Optimization, Machine Learning, Simulation and Others. The machine learning segment held the largest market share in 2022, due to the growing popularity of such computing, the machine learning segment will gain ground.

Quantum algorithms are included in machine learning software as part of quantum machine learning. It becomes exceedingly challenging to systematically sort a large number of variables in complex models. Therefore, consumers can choose quantum computing technology to quickly and accurately resolve this complexity.

The Monte Carlo approach, for instance, employs sampling to estimate numerical quantities from a big dataset. Algorithms can speed up the implementation of the Monte Carlo method and cut down on calculation time, whereas quantum algorithms can speed up the execution speed of a solution.

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Global Quantum Computing Market By End-User

The Global Quantum Computing market is segmented by End-User into Aerospace & Defense, BFSI, Energy & Power, Healthcare, Information Technology & Telecommunication, Transportation and Others. BFSI segment held the largest market share in 2022, the market will grow as more of these computing systems are used in banking, financial services, and insurance.

During the period of market forecasting for quantum computing, BFSI is anticipated to hold the largest market share. Additionally, quantum computing is gaining popularity in the healthcare industry because, according to a medical futurist, the computing technology can be used to power the development of virtual environments where experts can examine factors like body fluids, electrolytes, circulation, metabolism, and skin temperature on digitally created human replicas.

Global Quantum Computing Market By Geography

The Global Quantum Computing market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific segment held the largest market share in 2022, chemicals, banking and finance, healthcare and pharmaceuticals, and other industries all have significant hubs.

Leading producers of consumer electronics, including smartphones, laptops, and gaming consoles in APAC include nations like China, Japan, and South Korea. In these industries, there is a need to tackle difficulties in applications of simulation, machine learning, and optimization.

Large and medium-sized businesses are developing in the region as a result of the rapid growth seen by APAC's growing economies and the increased use of cutting-edge technologies in the manufacturing industry. In consequence, this is increasing demand for quantum computing equipment and services in APAC.

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Competition Scenario In Global Quantum Computing Market

The global quantum computing market is highly competitive with ~200 players which include globally diversified players, regional players, and country-niche players with their niche in the quantum computing market.

Regional players constitute ~45% of the competitors, while the County-niche players are the second largest by type. Some of the major players in the market include Intel Corporation, Atos SE, IBM Corporation, Quantum Circuits, Inc., Microsoft Corporation, Google, Accenture, Toshiba Corporation, Hitachi Ltd, Huawei, and among others.

What is the Expected Future Outlook for the Overall Global Quantum Computing Market Across the globe?

The Global Quantum Computing market was valued at USD ~billion in 2022 and is anticipated to reach USD ~2 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Quantum Computing market is driven by demand for high-performance computing and influx of government investments. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. With the increasing collaboration and emergence of new products, the Global Quantum Computing market is changing rapidly.

For instance, In May 2021, the first multi-chip quantum processor in the world has been introduced by Rigetti Computing. It features a proprietary modular architecture that shortens the path to commercialization while tackling key scaling issues for fault-tolerant quantum computers. In January 2021, Google Quantum AI (Google) and Boehringer Ingelheim announced a collaboration agreement that would focus on implementing and researching novel applications of quantum computing in pharmaceutical research and development, particularly molecular dynamics simulations. In February 2021, the IBM Quantum Network and BP have reportedly joined forces, according to IBM, to support the use of quantum computing technologies in the power and energy sectors.

The global quantum computing market is forecasted to continue the growth that is witnessed since 2017. Quantum computing provides benefits, real-world consequences, and concerns for the automotive sector. Its applications in the automobile industry are many and are likely to address some of the major issues the sector is currently facing. This disruptive technology is related to supercomputing and high-performance computing operations. The market is highly competitive, with firms who have been there for a while taking the majority of the market. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

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Global Quantum Computing Market

Used cars sales in Singapore to cross over 120 Th units by 2025. Will Singapore continue the support for increased sale of used cars? : Ken Research

 1. Adoption of AI Technology and Easy Financing Options Contributing to C2B Platforms’ Growth

                             

Click to know: More technological Developments Singapore Used Car Market

• Leveraging technologies such as Artificial Intelligence & Virtual Reality

 to enhance the digital experience for consumers by offering 360° interior & exterior view of the car, estimating car price online via uploaded images, analyzing consumer behavioral insights to show relevant ads according to interests & more.

2. There is intense competition with various authorized dealerships, multi-brand & independent players competing on the basis of parameters such as warranty, inspection, quality checks, and value-added services.

                             

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• Larger number of consumers and dealerships are shifting online would require portals to innovate and offer additional services such as online car evaluation, certification, warranty among others.
• Value-added services such as vehicle inspection, financing options, insurance, ownership transfer & more is expected to be a focus area for used car dealers to provide a hassle-free experience to the buyers.
• Intense competition with various authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry.
• Easy availability of used car loans by various banks & NBFCs have led to the amplification of pre-owned car sales.
• Brands Competing Intensely on Value Added Services Offered

3. Emerging Green Car Loans in Singapore has amplified use of EV vehicles

                       

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• Singapore Government aims to replace Internal Combustion Engine vehicles in the country by 2040 and expand EV charging infrastructure significantly to 28,000 by 2030.
• In line with the above goal, Banks in the country such as DBS have launched “Green Car Loan” at interest rates as low as 1-2% p.a. to encourage car owners in Singapore to reduce their carbon footprint.

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A revenue generation of over USD 1 Bn registered by Vietnam Online Grocery Market in 2021. Will growth continue in the future?: Ken Research

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In 2016, Online Grocery Penetration was 0.12% which increased to 1.85% in the year 2021 with smartphone Users aged 25-44 being the major target audience, says a report by Ken Research 

1. Price, Delivery Cost and Delivery Time Amongst Most Influencing Factors tilting the consumer preference towards online shopping

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The most beneficial factor of shopping online was identified as a possibility to compare prices and buy at a lower price. Customer would prefer the operator that would offer similar products at a lower price. Grocery signifies urgency. Faster delivery increases the chances of regular and frequent orders and delivery fees, convenience charges or any other surcharges reduces the chances of regular orders. Moreover, customers prefer their orders to be delivered within the promised time slot, preferably between 6 – 9PM which has increased the demand for online platforms as the time slots are busy. Promotion techniques such as coupons, free samples, discounts, cashback offers increases the chances of customer retention. Hassle free payment, return & refund experience is an important factor in a purchasing decision. A clear return policy gives consumers a feeling of security which is often not the case in offline purchases. About 60% of online grocery shoppers prefers cash as mode of payment.

2. Covid-9 affected the growth of Online Grocery Market positively with people switching to Online platforms for grocery shopping

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Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears. Customer’s habits have completely changed during the pandemic, which led to the sudden shift from offline to online shopping. COVID-19 has also made cashless transactions more popular among consumers. With lockdown measures in place, people resorted to online means of purchasing groceries.

3. “Express Delivery:” Increasing demand for fast-delivery of groceries is anticipated to be seen in the upcoming years as people expect more online platforms

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Features such as Express delivery, increasing service innovation is Expanding product assortments to ensure 100% product availability at all times. Virtual shopping tour with available products. Enabling consumers to compare products, prices and read labels & Facilitators in terms of shopping lists i.e. multiple family members could add to a common grocery wish list will be expected in the upcoming years with the market growing at a CAGR of over 20%. Moreover, improvement in delivery infrastructure is also something that can be expected to be there in the online grocery market in Vietnam. All in all, availability of products, discounts, express delivery are some of the trends that can be seen during the forecasted period.

Expansion of Distribution Network Sets the Path for Used Car Sales to Reach More Than 2.5 Mn by 2026; What Are Its Significance in The Upcoming Years? Ken Research

 There has been a consistent increase in used car sales between 2019 and 2021 as consumer income levels fell due to the pandemic, customers preferred purchasing pre-owned cars. Used car sales to witness a CAGR of 1.0% over 2021-2026, as per findings released by Ken Research.

1. Low Unemployment Rate and Moderate Labor Force Participation Rate Facilitating an Increase in Demand for Personal Vehicles; Helping the Used Car Market GTV to Reach nearly 35 Tn Won by 2021.

                         

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Low Unemployment Rate of nearly 4% and Moderate Labor Force Participation Rate of nearly 60% facilitates an Increase in Demand for Personal Vehicles. South Korea's automobile industry is the fifth largest producer of passenger cars in the world (2021). The automobile industry accounts for 13% of manufacturing output and generates 12% value added.

2. Pre-Owned Car Buyers Can Receive or Buy, In-House or Third-Party Warranties, from Authorized Dealerships or Independent Dealers Along with the Car.

Warranty covers mechanical breakdowns and failures caused by wear and tear, defects and poor maintenance. It might not include oil changes, routine maintenance and replaceable parts. For pre-owned cars, the warranty is offered or can be bought from a third-party like a workshop. The warranty offered by non-authorized dealers can be dependent on the pre-inspection results to meet the warranty requirements and standards. In addition to this, the Korea Automobile Diagnosis Guarantee Association (KAIWA) undertakes the development and dissemination of performance condition inspection and warranty of used cars, and diagnostic evaluation (including price research and calculation).

                    

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3. There is a High Expected Growth of Used Cars in Future Predicted by Goldman Sachs; Used Car Market is Expected to Grow to nearly 50 Tn Won By 2030.

 Goldman Sachs - which was part of the Book Building Process for K Car's IPO - has predicted that the used car market is expected to grow to nearly 50 Tn Won by 2030 and the growth would be led by increased online penetration. Furthermore, Growth in 2020 and 2021 was higher in the used car market due to the shortage of semiconductor chips in the market which resulted in higher prices for new cars, shifting the demand for Used Cars.

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How have the technology, ingenuity of meat delivery startups, and the pandemic changed the way India buys meat today?: Ken Research

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A few years ago, getting meat delivered to your door was a luxury thing unless you know the butcher personally. But then the pandemic happened and changed everything. The lockdown came as a big catalyst for online meat delivery apps in India.

It created a meaty opportunity for digital meat platforms to register exponential growth in the country where people always preferred to shop for meat offline. To understand the rise of the Indian online meat delivery meat industry, and the great shift of Indians buying meat online, read the complete insight.

1. India consumed six million tons of meat in 2020; nearly half the population consumes non-vegetarian meals once a week in India

2. During the lockdown, people became more conscious about hygiene in the meat shops, leading to a major trend shift from buying meat offline to online

3. The Online Meat Delivery Market in India is currently positioned in the Nascent Stage, growing at a CAGR of 174% between 2016 and 2020

4. The astonishing compound annual growth rate enabled many potential Investors and Venture Capitalists to invest in the digital meat delivery segment

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5. Presently, players coming in with integrated value chains, wide assortment, quality assurance, and convenience are driving the market

6. AI and Data Analytics have been a great help to online meat companies to Operate Quickly and Efficiently in the market

7. Automation in Processing and Innovative Packaging is the way forward for the online meat delivery sector in India

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India Online Meat Delivery Market

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North America Organic Baby Foods Market Outlook and Forecast to 2027

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Global Oleochemicals Market is expected to reach approximately US$ 50 billion by 2028: Ken Research

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What is the Size of Global Oleochemicals Industry?

Global Oleochemicals market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 50 Bn by 2028.  The Oleochemicals Market is largely driven by the opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals.

Petroleum is a fossil fuel that when used, poses a risk to the environment. Governments are enforcing stricter regulations for the sparing use of petroleum which can be replaced by oleochemicals. Due to its numerous environmental benefits, biofuel generated from oleochemicals is growing in popularity when compared to petroleum-based diesel fuel as it can be produced from both plant and animal feedstock, making it simple to generate. Oleochemicals have a certain adverse impact on the environment such as VOC and other harmful gaseous emissions, wastewater release, hazardous waste release, etc.

The outbreak of COVID-19 further increased the demand for oleochemicals as they are used in soaps and disinfectants. During the pandemic, the fatty acids market came under pressure due to sluggish demand owing to weak downstream sectors such as industrial lubricants and tires but the fatty alcohols fared better in because the majority of these go into the making of household and personal care products. Due to COVID-19, the demand for oleochemicals was shifted mostly to personal hygiene and the pharmaceutical sector.

Global Oleochemicals Market by product Type

The Global Oleochemicals market is segmented by Product type into Fatty acid, fatty alcohol, Glycerol and Others. The fatty acid product type segment dominated the global Oleochemicals Market in 2022 and is expected to continue being the dominant segment during the forecast period.

Fatty acid category is expected to grow as a result of rising demand for bio-based fatty acids from various end-use industries such as personal care, cosmetics, chemicals, food & beverages, industrial sectors, and others. Additionally, fatty acids are cheaper than their counterparts which is further accelerating the growth of the market.

Global Oleochemicals Market by application

The Global Oleochemicals market is segmented by Application into Solid, Liquid and Solution. The healthcare & pharmaceuticals application segment was the highest contributor to the Global Oleochemicals Market in 2022. Oleochemicals are used as preservatives, thickening agents, and emollients in the pharmaceutical industry. Fatty acid derivatives like Isopropyl myristate are used as a moisturizer in topical medicinal products as well as an emollient or thickening agent in other pharmaceutical applications.

Global Oleochemicals Market by geography

The Global Oleochemicals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific accounted for the largest market share in 2022 among all regions within the Global Oleochemicals Market owing to the strong raw material base, and shift in consumer preference to renewable products.

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Asia Pacific Oleochemicals Market is anticipated to grow as green alternatives are being increasingly adopted and raw materials become more readily available. For instance, the biggest producers of palm oil, the primary feedstock for oleochemical production, are Malaysia and Indonesia.

According to the Malaysian Palm Oil Council, Malaysia produced 25.8% of the world's total palm oil. In terms of demand, China is the biggest consumer of fatty acids, taking up some 30% of global output, while the Asia Pacific region consumes about 35% of the world’s fatty alcohol production.

Competition Scenario in Global Oleochemicals Market 

The Global Oleochemicals Market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players. Large global players hold the highest market share ~40% which is followed by the regional players holding ~35% share. Some of the major players in the market include Emery Oleochemicals, BASF SE, Wilmar International, Godrej Industries, Cargill Inc, Kao Corporation, Edenor Technology Sdn Bhd, Oleon NV., IOI Group Berhad, P&G Chemicals, Twin River Technologies Inc., Croda International Plc., and others.

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What is the Expected Future Outlook for the Overall Global Oleochemicals Market Across the globe?

The Global Oleochemicals market was valued at USD ~billion in 2022 and is anticipated to reach USD ~50 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Oleochemicals market is driven by the opportunity to replace conventional petroleum-based products in various sectors along with the easy availability of raw materials required for the production of oleochemicals. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Oleochemicals market is changing rapidly. For instance, In May 2022, Oleon NV. started the construction of a new production facility in Texas, USA. The new plant will produce esters utilizing our newest technology, compliant with the highest industry standards, and also provide blending services to support Oil & Gas business.

In September 2020, Emery oleochemicals released its EMERY® E general-purpose fatty acid esters product line. These are sustainable alternatives to petrochemical-based materials and can be used in formulations of a wide range of consumer and industrial systems such as bio-diluent, solvent, cleaning and stripping products, cosmetic emollient and dispersant, plastic additives, etc.

Furthermore, In May 2019, the new plant construction of PT Apical Kao Chemical a joint venture of Kao corporation and Apical Group Ltd was completed. With the completion of the new factory, the Kao Group will increase its production capacity, produce competitive oleochemical products, and promote its stable supply, to expand the chemical business.

The Global Oleochemicals Market is forecasted to continue a gradual growth that is witnessed during the forecast period. Key trends driving market expansion include the recyclability of oleochemicals, increasing demand for biodegradable and sustainable products, and the growing demand from the end-user industry such as pharmaceutical, cosmetics, and food industries. The market is highly competitive with ~250 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

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Global Oleochemicals Market

UK's EV Charging Equipment Market driven by £100 Mn Government Initiative and over 35k Public Charging Stations Network: What Lies Ahead? : Ken Research

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UK's EV Charging Equipment Market driven by £100 Mn Government Initiative and over 35k Public Charging Stations Network: What Lies Ahead? : Ken Research

EV Charging Equipment Industry in UK is expected to growth at a robust CAGR of 29.2 % in next 5 years, says a report by Ken Research

1. Electrification of Vehicles in the UK Market: Government Policies and Grants Fuel the Need for Cleaner Connectivity Solutions.

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Britishvolt, a startup for car battery manufacturing, is set to construct the first large-scale gigafactory in the north-east of England, and the UK government has pledged to invest £100 Mn towards this initiative. Meanwhile, ADL and BYD, in partnership with SSE, have developed an innovative electric bus operating center at the RATP Dev Shepherd’s Bush garage in West London. The aim is to create London's first zero-emission bus garage.

2. UK's Public Charging Station Network Reaches over 35k in 2022 with Greater London Leading the Way with over 10k Stations.

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• EV drivers in England can now access a rapid charge point within 25 miles along any major road, ensuring easy charging access.

• Private charging stations in the UK have grown at an impressive compound annual growth rate (CAGR) of 98.90% between 2017 and 2022.

• The UK government has implemented various incentives and grants to encourage the development of EV charging infrastructure. Initiatives such as the Rapid Charging Fund, Electric Vehicle Home Charging Scheme, Workplace Charging Scheme, On-Street Residential Charge Point Scheme, and Charging Infrastructure Investment Fund have greatly stimulated the EV charging market.

Major Players Mentioned in the Report:

• Rolec
• Tesla
• Mer
• Ubitricity
• BP Pulse
• Pod Point
• Genie Point
• Osprey Charging
• Charge Place Scotland
• Source London
• gy
• Insta Volt Ltd
• Connected Kerb
• GridServe

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

• Electricity Supplier
• EV Manufacturers
• EV Charging Equipment Manufacturers
• EV Charging System Operator
• Demand side Transport Operators
• Government Bodies

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

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

UK EV Charging Equipment Market

Related Reports by Ken Research: –

KSA EV Charging Equipment Market Outlook to 2027F

UAE Electric Vehicle Charging Equipment Market Outlook to 2026

India EV Charging Equipment Market Outlook to FY'2026

Global Automotive Infotainment System Market is expected to reach ~USD 25 Bn by 2028F: Ken Research

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Global Automotive Infotainment System Market By Geography

The Global Automotive Infotainment System market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share among all regions in 2022, owing to the presence of major automakers like Denso Corporation, Pioneer Corporation, Panasonic Corporation, JVCKENWOOD Corporation, and Mitsubishi Electric Corporation.

Customers favor augmented reality technology-based solutions due to its effectiveness, resulting in the driving market for automotive infotainment systems to expand in the region.

The high rate of adoption of automotive infotainment systems in nations like China, which manufactured the greatest number of automobiles globally, is responsible for the growth of the industry in Asia Pacific.

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Competition Scenario In Global Automotive Infotainment System Market

The Global Automotive Infotainment Systems Market is significantly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in utilizing IoT technologies to boost vehicle end-to-end connectivity.

Large global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. However, most of the country-niche players are suppliers of components and assembling partners A wide range of products is offered by the companies, such as head-up displays, communication devices, navigation devices, and display units. To increase its presence in the market globally, strategic actions like mergers, acquisitions, alliances, and product launches are taken. Some of the major players in the market include Denso Corporation, Robert Bosch GmbH, Continental AG, Harman International Industries Inc., Magnetic Marelli SpA, Kenwood Corporation, Alpine Electronics Inc., Mitsubishi Electric Corporation, Visteon Corporation, Pioneer Corporation, Aptiv PLC and others.

What Is The Expected Future Outlook For The Overall Global Automotive Infotainment System Market Across The Globe?

The Global Automotive Infotainment System market was valued at USD ~billion in 2022 and is anticipated to reach USD ~25 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Automotive Infotainment System market is 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. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Automotive Infotainment System market is changing rapidly. For instance, In January 2022, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a collaboration to deliver the Digital Cabin, a plan for future transportation that would enrich a space of style and comfort, even behind the cockpit.

In February 2021, Harman International, an automobile infotainment provider, purchased Savari, Inc., a Silicon Valley-based automotive technology company that develops vehicle-to-everything communications (V2X) technology for 5G Edge and automotive devices.

The Global Automotive Infotainment Systems Market is anticipated to grow significantly during the projected period (2022-2028) as Automakers are interested in the development of infotainment systems for automobiles as a technology that combines information and enjoyment. Due to rising disposable income and straightforward financing options, consumers in emerging nations now have more purchasing options for passenger cars, which has increased demand for technologically advanced vehicles with useful entertainment systems. Such factors are likely to fuel the market expansion of Automotive Infotainment Systems during the anticipated period. Though the market is significantly competitive with ~200 participants, country-niche players control the dominant share and regional players also hold a significant share.

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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

Remittance flows rose in the Middle East and North Africa (MENA) by 9.1% to hit $59 billion in 2018. Will MENA Remittance market continue to grow in the future?: Ken Research

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1. Increasing adoption of digital payment solutions in MEENA Region

Click to know: Major trends in MENA Remittance Market

The MENA region is one of the largest remittance markets in the world, with millions of people sending and receiving money from overseas. The remittance industry in this region is dominated by countries like Saudi Arabia, the UAE, Qatar, Kuwait, and Oman, which host millions of expatriate workers from various countries, including India, Bangladesh, Pakistan, the Philippines, and Nepal.

One of the notable trends in the MENA remittance market is the increasing adoption of digital payment solutions. With the growing popularity of mobile phones and the internet, many remittance service providers in the region are leveraging digital technology to offer fast, secure, and cost-effective remittance services to their customers. This trend is expected to continue as more people embrace digital channels for money transfers.

2. Regulatory changes are also shaping the MENA remittance market

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Finally, regulatory changes are also shaping the MENA remittance market, with governments in the region implementing measures to promote transparency, security, and efficiency in the industry. This includes the implementation of Know-Your-Customer (KYC) regulations, anti-money laundering (AML) measures, and the introduction of new licensing requirements for remittance service providers. With 25 crore covered, KYC data of nearly a fifth of India's population is digital. Recent regulation such as the EU 6th Anti Money Laundering Directive and the U.S. Anti-Money Laundering Act of 2020 has impacted MENA-based businesses with access to those markets. The regulations require a more detailed compliance response, including ultimate beneficial ownership (UBO) details for certain third-party relationships.

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3. Uncalled Migration in MENA countries

When people migrate illegally, they often face difficulties in finding legitimate employment in the host country. This can lead to them accepting jobs with lower wages or working in the informal sector, where they may not have access to banking services or other formal channels for remitting money back to their home countries. As a result, the volume of remittances from uncalled migration may be lower than that from legal migration, which can affect the overall size of the remittance market.

Secondly, the lack of legal documentation for uncalled migrants can make it difficult for them to access formal remittance channels, such as banks or money transfer operators. This may force them to rely on informal channels, such as hawala or other underground networks, which may not be regulated and can be subject to fraud, theft, or other risks. This can affect the security and reliability of the remittance market, as well as the overall volume of remittances.

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

MENA Remittance Market

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