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AUG 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Eye Care Products Market.


The Eye Care Products Market is estimated to grow from USD 61.3 million in 2020 to USD 79.9 million by 2026 at a healthy CAGR of 4.6% during the forecast period.


Eye care products are defined as products that are used to treat various eye disorders. Some of the commonly used eye products include ointments or emollients, eyewashes, hyperosmotic, eyelid scrubs, and others. These products are easily available over the counter. The eyes are considered the most sensitive organs of the human body and thus, proper eye care is required.

Market Dynamics


The global market growth is primarily driven by increasing incidences of eye disorders and allergies due to factors such as pollution, prolonged use of devices such as smartphones and laptops, insomnia, and changing lifestyles.


  • Expanding the geriatric population across geographies is expected to propel market growth at a significant rate during the review period.
  • Additionally, increasing demand for more advanced and high-quality products is likely to create lucrative opportunities for the market players during the review period.
  • However, side effects of the common medications are likely to affect the market growth.


Segments' Analysis

Application Trends

Based on application, the market has been divided into online pharmacy, retail pharmacy, and hospital pharmacy.


  • The retail pharmacy segment accounted for a substantial market share in 2020.
  • The segment growth can be attributed to the easy availability of eye care products in retail pharmacy stores.
  • The online pharmacy segment is projected to register healthy growth during the review period owing to increasing consumer preference towards online shopping.


Regional Trends

The market in North America accounted for the largest share in 2020.


  • The regional market growth can be attributed to the increasing geriatric populace and the presence of established healthcare infrastructure.
  • The market in the Asia-Pacific region is projected to register a healthy growth rate on account of increasing healthcare spending and the rapidly growing medical tourism industry.


Key Players:               


  • Allergan, Inc. (The U.S),
  • Accutome Inc. (The U.S),
  • Prestige Consumer Healthcare Inc. (The U.S),
  • Bausch & Lomb Incorporated (The U.S),
  • Croda International plc (UK),
  • Akorn Consumer Health (The U.S),
  • Shire US Inc. (The U.S),
  • Scope Ophthalmics Ltd. (Ireland),
  • VISUfarma B.V. (Netherlands),
  • Novartis International AG (Switzerland), and
  • Precision Lens (The U.S).


Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Eye Care Products Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 

 

 

 

 

AUG 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Disposable Plates Market.


The Disposable Plates Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 7.4% during the forecast period.


Disposable plates are mainly designed for a single-use after which it is either recycled or is disposed of as solid waste. These are made up of plastic, paper, aluminum, among others, and finds usage across buffets, receptions, buffets, appetizers, holiday meals, organic restaurants, retirement parties, and business events.

Market Dynamics

Rising demand for ready-to-go food coupled with rising purchasing power is majorly supporting the market growth.


  • The growing number of home delivery and online food service platforms are further proliferating the product demand.
  • In addition, the growing awareness regarding sanitation & hygiene, rising organized retail sector, and changing customer preferences are promulgating product consumption.
  • However, stringent regulations pertaining to the increasing environmental concern such as emissions of harmful gases from disposal plates, from the breakdown in landfills, or incineration of plates are likely to hinder the market growth.


Segments' Analysis

Product Trends

Based on product, the global disposable plates market has been classified into plastic plates, aluminum, paper, and others.


  • Among these, the plastic plates segment accounted for the highest market share in 2020 and is likely to register a steady CAGR during the review period.
  • This is mainly attributed to cost-effective nature as well as easy production and availability of plastic plates, thereby results in segment growth.
  • The plastic plates are further segmented into foam, PP, PET, PE, and PLA and used for different applications.


Regional Trends

By region, the North American market witnessed the highest market share in 2020 and is projected to grow at a robust CAGR during the review period.


  • This can be ascribed to increasing preference towards the disposable plates due to their low cost and saves time as these plates are directly dumped and not washed, unlike other traditional plates.
  • Moreover, the surging demand for disposable plates from delivery food chains, hospitals, restaurants, and the commercial sector, further boosts the regional growth.



Key Players:               


  • Be Green Packaging LLC (The U.S),
  • Ckf Inc (Canada),
  • D&W Fine Pack Llc (The U.S),
  • Dart Container Corporation (The U.S),
  • Dopla Spa (Italy),
  • Duni AB (Sweden),
  • Fast Plast A/S (Denmark),
  • Genpak Llc (The U.S),
  • Georgia-Pacific LLC (The U.S),
  •  HOSTI GmbH (Germany).



Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Disposable Plates Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 

 

AUG 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Directional Drilling Services Market.


Directional Drilling Services market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increase in demand for drilling of multiple wells from single sites and the mounting production levels through directional drilling are the major factors that are likely to contribute towards the growth of the directional drilling services market during the forecast period.


Directional Drilling is a drilling technique which involves controlling the direction and deviation of a wellbore to a targeted location. Directional drilling allows drilling of multiple wells from a single site and provides access to such oil and gas producing zones which can’t be reached with normal vertical-drilling practices.


This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.


Based on the application type, the market is segmented as onshore applications and offshore applications. Onshore application is likely to dominate the directional drilling services market during the forecast period, driven by the large number of mature onshore wells, globally.


Based on the drilling technique type, the directional drilling services market is segmented as conventional methods and rotary steerable system. Rotary steerable system is expected to be the faster-growing technique during the forecast period due to the various advantages offered by it, such as reduced drilling time and smoother well bores.


Based on the service type, the market is segmented LWD, MWD & Survey, RSS, and motors. The Measurement-While-Drilling (MWD) & Survey segment is estimated to register the highest growth during the forecast period owing to the ability to incessantly monitor wellbore and the real time directional survey of downhole conditions.


In terms of regions, North America dominated the directional drilling service market in 2019, and is expected to lead the market during the forecast period as well. The region’s market is driven by the growing share of tight oil and shale gas and the use of multi-stage hydraulic fracturing completion technique. Europe and Asia-Pacific are also expected to offer considerable growth opportunities during the forecast period.


Key Players:               


  • Baker Hughes, a GE Company LLC
  • Halliburton Company
  • National Oilwell Varco, Inc.
  • Schlumberger Limited
  • Weatherford International PLC.


Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Directional Drilling Services Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 

 

AUG 15,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Digital Gift Cards Market.


The Digital Gift Cards Market is expected to grow from USD XX billion in 2020 to USD XX billion by 2026 at a CAGR of over 17.1% during the forecast period.


Market Dynamics

The digital gift cards market is expected to register a CAGR of around 17.1% during the review period. 

- The growth of the eCommerce industry coupled with the increasing usage of smartphones is likely to drive the market growth in the coming years.

- Increasing demand for innovative and technologically advanced products is likely to bolster the market growth.

- Rising demand for customized gift cards is likely to create a lucrative opportunity for the market players.


End-User Trends

Based on end-user, the market has been segmented into retail and corporate. 

- Increasing adoption of digital gifting trends by retailers is driving the growth of the retail segment.

- The importance of digital gift cards over plastic cards has increased significantly with increasing digitalization and internet access.

- Growing use of digital gift cards as a promotional tool by the corporate players is anticipated to drive the market growth substantially.


Regional Trends

The Asia-Pacific market is projected to register the fastest growth during the forecast period.

Geographically, the market in North America accounted for the largest market share in 2020 owing to high product usage and rising demand for technologically advanced products. This market growth can be attributed to the increasing adoption of digital gift cards in countries such as India and China coupled with the growing popularity of smartphones.


Key Players:               


  • Auchan Group SA (France),
  • Gruppo Eurospin (Italy),
  • CRAI Secom S.p.A. (Italy),
  • The Schwarz Group (Germany),
  • Carrefour S.A. (France),
  • Gruppo Coin SpA (Italy),
  • Euronics International Ltd. (Netherlands),
  • Inter IKEA Systems B.V. (Netherlands),
  • Expert International GmbH (Switzerland), and
  • Finiper SpA (Italy).


Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Digital Gift Cards Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 

 

AUG 13,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Global Drug Screening Market.


The Global Drug Screening Market is estimated to grow from USD 4.4 billion in 2020 to USD 11.1 billion by 2026 at a healthy CAGR of 17% during the forecast period.


Drug screening is defined as the process of collecting and analysing blood, hair, urine, or saliva to detect the presence of contaminants and chemicals left in the body as a result of drug consumption. In this process, potential drugs are identified and optimized before selecting a candidate drug for a clinical trial. Drug screening is done in order to determine if a person is or has consumed drugs at a certain point of time.


Market Dynamics

Increasing drug and alcohol testing measures in various countries to curb the menace of drug and alcohol abuse is likely to drive the market growth significantly.


  • The global market growth is primarily driven by an increase in consumption of drugs and alcohol across the geographies particularly among the youth and elder population.
  • The players operating in the market are emphasizing product innovation to strengthen their market presence and attain a competitive edge over other market players.


Segment Analysis


End User Trends

The workplace segment accounted for the largest market share in 2020.

Based on end user, the market has been divided into workplace, criminal justice systems and law enforcement agencies, drug treatment centers, pain management centers, drug testing laboratories and others. The segment growth can be attributed to rising safety concern for the staff.


Regional Trends

The market in North America accounted for the largest share in 2020 due to the high consumption of drugs and alcohol. Additionally, supporting government measures to curb the use of drugs is likely to add significantly to the market growth. The market in Europe accounted for the second-largest market share in 2020.


Key Players:               


  • Alere Inc. (The U.S),
  • Laboratory Corporation of America Holdings (The U.S),
  • OraSure Technologies (The U.S),
  • Quest Diagnostics (The U.S),
  • Thermo Fisher Scientific (The U.S),
  • Alfa Scientific Designs, Inc. (The U.S),
  • MPD Inc. (The U.S),
  • Lifeloc Technologies, Inc. (The U.S),
  • Omega Laboratories Inc. (The U.S),
  • Sciteck Diagnostics Inc (The U.S),
  • ACM GLOBAL LABORATORIES (The U.S), and
  • Carehealth America Corporation (The U.S).



Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Global Drug Screening Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 

 

 

 

The Chlorine Dioxide research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.


This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Chlorine Dioxide Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.


Impact of COVID-19 on Chlorine Dioxide Market

As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.


Key Players involve in this research are:

Accepta Water Treatment

Bio-Cide International, Inc.

CDG Environmental

Ecolab

Evoqua Water Technologies LLC

Grundfos Holding A/S

ProMinent

Scotmas Limited

TECME SRL

The Sabre Companies LLC.


Growth drivers and Market Value:


This report, from Stratview Research, studies the Chlorine Dioxide Market value and growth drivers over the trend period of 2021-26. According to the report -


Chlorine Dioxide Market is likely to witness a robust CAGR of more than 5.0% during the forecast period, due to its increasing application in the treatment of industrial wastewater. Over the years, chlorine dioxide has been broadly used for a wide range of antimicrobial roles, such as drinking water disinfection. Of late, the market for chlorine dioxide has grown exponentially due its rising demand in the oil & gas domain. In the recent years, chlorine dioxide has become largely used chlorine alternative primarily for water treatment solutions. It has a number of benefits, including proper efficiency at high pH, resistance to effect by ammonia, and majorly supportive as compared to chlorine w.r.t the systems that are very vulnerable to a high level of organic contamination. As chlorine dioxide is a selective oxidizer, it has a capability to control the micro-organisms in water, even at very low dosages, which makes it a cost-effective solution. Therefore, there is a high demand for chlorine dioxide in the global market.


Segment Analysis:


Based on Application Type:


Based on the application type, the market is segmented into food & beverages, medical, pulp & paper processing, oil & gas, industrial water treatment, and others. Among these applications, the industrial water treatment category is expected to gain the maximum traction in the market over the forecast period. As a result of urbanization and industrialization trends over the years, there has been a significant contribution of water pollution, which has simultaneously increased the need for water treatment. In addition, chlorine dioxide is broadly used for disinfection of drinking water along with acting as an efficient biocide for food processing, industrial activity, and medical purpose, among others. Due to ever-growing water pollution, the industrial water treatment market segment is anticipated to be the dominant application of chlorine dioxide, throughout the forecast period.


Based on Region:

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. Among these regions, Asia-Pacific is expected to account for the largest share throughout the forecast period. In the recent years, a number of industries and factories (medical, manufacturing, food processing, oil & gas, etc.) have setup their locations in the Asian region, primarily due to availability of cheap labor and low prices of raw materials. This has simultaneously resulted in increasing water pollution in the region. This is the major reason for the dominance of the Asia-Pacific region in the overall market.


Download Free Sample Copy of Chlorine Dioxide Market Report here at

https://www.stratviewresearch.com/Request-Sample/1587/chlorine-dioxide-market.html


Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.

Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.


Key Considerations for Market Forecast:


  • Impact of lockdown, supply chain disruptions.
  • Pre and post-COVID-19 market estimates
  • Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan



Impact of COVID-19 on the Global Market

The Chlorine Dioxide report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.


Sneak peek into the Report:

The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market forecast analysis
  • Competitive landscape and dynamics: Market share, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends & Key success factors


 

 

AUG 08,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Global Connected Worker Market.


The Global Connected Worker Market is expected to grow from USD 3,431.0 million in 2020 to USD 9,596.5 million by 2026 at a CAGR of 18.7% during the forecast period.


A connected worker is an IT solution that enables remote workers to collaborate safely and efficiently with the company’s central control system.

Market Dynamics

The connected worker market is growing steadily owing to the enterprises’ need for efficient execution of field services, worker safety, and increasing usage of cloud-based services.

Furthermore, development in IoT technologies augmented reality, and the use of artificial intelligence and machine learning offers new opportunities for growth to the market. However, budget constraints and lack of awareness are some of the restraining factors for the growth of the connected worker market.

Segment Analysis

End User Trends


Connected worker is widely popular enterprises of all sizes.


  • The users from the sector of manufacturing, building, and construction, mining, and telecom extensively use various connected worker solutions to efficiently carry out their respective jobs.
  • The home service segment is expected to grow with the highest rate during the forecast period owing to the increasing adoption of connected worker solutions to gain a competitive advantage with quick and effective service delivery.


Regional Trends

Among regions, North America is found to be the leader during the forecast period due to the presence of major connected worker solution providers and adoption of latest technologies by the field workers.


  • The increasing digitalization in the Asia Pacific region and fast growing construction sector offers great opportunity of growth to the connected worker solution providers.
  • The region is expected to witness the highest CAGR during the forecast period.



Key Players:               


  • Accenture (Ireland),
  • SAP (Germany),
  • Oracle (The U.S),
  • Honeywell (The U.S),
  • Intel (The U.S),
  • Fujitsu (Japan),
  • Zebra Technologies (The U.S),
  • Wipro (India),
  • 3M (The U.S), and
  • Avnet (The U.S).



Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Global Connected Worker Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 

AUG 07,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Global Biohacking Market.


The Global Biohacking Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 19.7% during the forecast period.


Biohacking, also known as do-it-yourself (DIY) biology, which gives everyone including communities, individuals, research institutes and small group organizations, the ability to deconstruct and reconstruct biology using simple kits or supplements for the purpose of not only achieving their immediate outcomes as well as contributing to solving larger issues.


The outbreak of COVID-19 virus has positively influenced affected the biohacking industry. The COVID-19 crisis has resulted in a surge in the market growth for the pharmaceutical industries. Several R&D activities have been conducted by companies to produce suitable drugs or vaccines to curb the crisis, which if projected to augment the market growth.


Various government of dominant players in the biohacking industry is increasing their investments in such industries, so that, it is possible for companies to come up with viable and potable drugs to limit and gradually eradicate the virus.


Growing innovative trends towards neuro-nutrition as well as increasing awareness of biohacking in the health & wellness space are likely to boost the product demand.


  • Significant technological growth coupled with the internet of things (IoT) penetration in consumer electronics and healthcare also augments the industry growth.
  • Furthermore, the rising demand for smart drugs and devices to cater to the quality healthcare needs among the population as well as the high prevalence of chronic disorders are further expected to bolster the market expansion.


By type, the biohacking market has been segmented into pharmaceutical & biotechnological companies, forensic laboratories, and others.


  • Under these, the pharmaceutical & biotechnological companies segment held a considerable market share in 2020 and is likely to register the fastest CAGR during the review period.
  • This is mainly attributed to the increasing geriatric population.
  • Also, surging demand for devices for monitoring the heart rate, blood sugar level, and body movement is proliferating the segment growth.



By region, the North American market witnessed the highest market share in 2020 and is estimated to grow at a substantial CAGR during the assessment period. This is mainly ascribed to a surge in healthcare expenditure, technologically advanced healthcare infrastructure, and well-established healthcare companies. Moreover, growing healthcare expenditure and improving standards of living with large population growth further boosts regional growth.


Key Players:               


  • Fitbit Inc. (The U.S),
  • Apple (The U.S),
  • HVMN Inc (The U.S),
  • The Odin (The U.S),
  • Thync Global Inc (The U.S),
  • Synbiota (Canada),
  • MoodMetric (The U.S),
  • InteraXon Inc. (Canada),
  • Behavioral Tech (The U.S), and
  • Grindhouse Wetware (The U.S).



Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Global Biohacking Marketanalysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors


 

 


AUG 06,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Software Market.


Automotive software market  is likely to witness an impressive CAGR of 12.8% during the forecast period. The growing demand for automotive software is mainly due to stringent government regulations focusing on the safety of the vehicle coupled with fast adoption of AI and IoT in vehicles to better assist the drivers, which is likely to drive the market during the forecast period.


Automotive software is a software designed to support and enhance the experience of operating a motor vehicle. New developments and integrations in the automotive technological world are progressively being implemented as the industry realizes the position of data to a vehicle operator.


This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.


Based on the software type, the market is segmented as autonomous driving software, safety & security software, vehicle management software, and infotainment software. The vehicle management software segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. This system provides accident tracking, vehicle self-diagnosis, driver fatigue management, and fuel management. All of these systems assist driver by giving information regarding vehicle maintenance and regular checkup.


Based on the application type, the market is segmented as engine management system (EMS), anti-lock braking system (ABS), airbag control, car navigation system, infotainment system, and mobility service. The engine management system segment is expected to remain dominant during the forecast period owing to stringent government regulations in relation to fuel emission. For an instance, the Euro 5 and BS IV regulations states the mandatory usage of electronic engine management system in vehicles, driving the growth of the segment during the forecast period.


In terms of regions, North America is estimated to be the largest market for automotive software during the forecast period, with the USA, Canada and Mexico being the major countries offering lucrative growth opportunities. The growth of the North American region can be attributed to the extensive growth in production of passenger vehicles in the region and the presence of a large number of automotive software manufacturers in countries, such as the USA, Canada and Mexico. Further, the North American automotive software market is mainly driven by favorable government policies. On the other hand, Europe and Asia-Pacific are also expected to offer sizeable growth opportunities over the forecast period.


Key Players:               


  • Ansys Inc.
  • Autodesk, Inc.
  • Bosch Software Innovations GmbH
  • CDK Global LLC
  • Cox Automotive
  • Daimler AG
  • Dassault Systèmes SE
  • DealerTrack Holdings, Inc.
  • Delphi Technologies
  • Ford Motor Company.


Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.


The Automotive Software Market analysis report discusses the following heads in great detail:


  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors