The Israel Meetings, Incentives, Conferences and Exhibitions (MICE) Market is estimated to be valued at US$ 1.92 billion in 2022 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Israel MICE market comprises establishments involved in organizing and arranging meetings, conferences, seminars, conventions and incentive travels in Israel. Israel is considered as one of the most popular and emerging MICE destinations in the Middle East due to its cultural diversity, unique geography, accessibility and improving infrastructure for hosting major events. Increasing number of MICE events and surging popularity of Israel as a MICE destination are driving the growth of the market. Market Dynamics: The Israel MICE market is witnessing robust growth owing to increasing number of domestic and international MICE events organized in the country. According to Israeli Tourism Statistics, the number MICE events held in Israel has surged from over 1000 events in 2015 to nearly 1500 events in 2021. Rapidly improving infrastructure such as modern convention centers, luxury hotels and transportation facilities is also supporting the large scale organization of incentive trips, conferences and exhibitions in Israel. Additionally, surging popularity of Israel as a diverse cultural and religious destination among global MICE planners is further propelling the Segment Analysis The Israel Meetings, Incentives, Conferences and Exhibitions (MICE) market is dominated by the meetings segment. The meetings segment accounted for over 35% share of the overall market in 2023. This is because meetings are the most basic requirement for businesses to conduct. The meetings and events can vary in size and scale, from small gatherings to large conventions. PEST Analysis Political: The stable political environment in Israel is encouraging many foreign companies to set up their regional headquarters in the country, which is driving meetings and events. Economic: Strong economic growth in Israel has increased corporate spending on MICE activities. The growing tourism industry is also boosting the MICE market. Social: Changing lifestyle and exposure to global trends have increased social and corporate events in Israel. Technological: Use of advanced technologies like virtual and augmented reality for hybrid events is helping organizers in Israel to engage participants effectively. Key Takeaways Israel Meetings, Incentives, Conferences And Exhibitions Market Demand is expected to witness high growth, exhibiting a CAGR of 6.8% over the forecast period, due to increasing business events and exhibitions. The market size is projected to reach US$ 3.27 billion by 2030. Regional analysis: Israel dominates the MICE market in the Middle East region with more than 60% share. Tel Aviv has emerged as the leading MICE destination due to world-class infrastructure and connectivity. The city is known for hosting various international exhibitions and conferences. Key players analysis: Key players operating in the Israel MICE market are Kenes Group, RMC, Kuoni DMC, ISSTA, Diesenhaus Unitours, Talent, SMG, BCD Travel, CWT, Access Israel. Kenes Group is the largest player specialized in organizing conferences and exhibitions. RMC is one of the leading players in online event registrations.
0 Comments
The India ceramic sanitaryware market is estimated to be valued at US$ 3,824.0 Mn in 2022 and is expected to exhibit a CAGR of 11.90% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Ceramic sanitaryware products include wash basins, water closets, urinals, and bathroom accessories that are made from ceramic materials like clay, feldspar or porcelain. These products offer durability, resistance to stains and corrosion and are affordable options for bathrooms. Rising construction of residential and commercial buildings in India is driving the demand for ceramic sanitaryware as they have become an essential component in modern bathrooms. Growing population is also increasing the need for housing which in turn is propelling the ceramic sanitaryware market in India. Market Dynamics: The ceramic sanitaryware market in India is driven by rapidly growing construction activities in the country. According to India Brand Equity Foundation (IBEF), the construction industry in India is expected to reach US$ 1.4 trillion by 2025. Rising disposable income is enabling people to spend more on home improvement and this is increasing the sales of high-end premium sanitaryware. Furthermore, growing health awareness among consumers has increased adoption of anti-microbial sanitaryware products for hygienic bathing. However, increasing raw material prices may hamper the market growth. Expanding e-commerce channels are also facilitating the easy availability of a wider range of ceramic sanitaryware products to customers scattered across the country. Segment Analysis The India ceramic sanitaryware market is dominated by the toilet and cisterns segment. This segment accounted for over 45% market share in 2021 owing to growing awareness about sanitization and hygiene. Rapid urbanization and rising disposable incomes are further driving demand for advanced toilet fixtures in India. PEST Analysis Political: The "Swachh Bharat Abhiyan" campaign by the Government of India has given a major boost to the ceramic sanitaryware industry. Various subsidies and favorable regulations have been introduced. Economic: Rising middle class, rapid urbanization, and growing construction activities are fueling demand. However, increasing raw material prices remain a challenge. Social: Changing lifestyles, nuclearization of families, health and hygiene consciousness are key growth drivers. Access to proper sanitation has become an important social cause. Technological: Companies are launching smart and sensor-based toilet suites with advanced cleaning technologies. Use of digital marketing platforms is also gaining prominence. Key Takeaways India Ceramic Sanitaryware Market Demand is expected to witness high growth, exhibiting CAGR of 11.90% over the forecast period 2023-2030, due to increasing health and hygiene awareness among consumers and rapid urbanization. The market size for India ceramic sanitaryware was valued at US$ 3,824.0 Mn in 2022. Western India is expected to remain the fastest growing regional market over the next few years led by burgeoning infrastructure development activities and rising disposable incomes in cities like Mumbai and Pune. Northern India is also emerging as a major hub owing to government initiatives for improved sanitation facilities in rural areas. Key players operating in the India ceramic sanitaryware market are HSIL Ltd, Cera Sanitaryware Ltd., Roca Sanitario, S.A., RAK Ceramics, Duravit AG, Toto Ltd., Jaquar, Golf Ceramics Ltd., Kajaria Ceramics Limited, H & R Johnson, and Villeroy Boch Group. The market is highly competitive in nature with these companies introducing innovative and environment-friendly product offerings. Read More- https://www.newsstatix.com/india-ceramic-sanitaryware-market-share-analysis-and-forecast/ The Transthyretin Amyloid Cardiomyopathy (ATTR-CM) Treatment Market is estimated to be valued at US$ 1.98 billion in 2027 and is expected to exhibit a CAGR of 31.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Transthyretin amyloid cardiomyopathy (ATTR-CM) is a rare, progressive heart muscle disease caused by the buildup of abnormal deposits of amyloid fibrils comprised of misfolded transthyretin protein in the heart. ATTR-CM impairs the heart's ability to pump blood and can lead to heart failure. Current treatments for ATTR-CM include anticoagulants, diuretics, and beta-blockers to manage symptoms as there are limited cure options. Market Dynamics: The ATTR-CM treatment market is expected to witness high growth over the forecast period, owing to increasing drug approvals and launch of novel therapies. Growing availability of ATTR-CM treatments is one of the major factors driving the market growth. Until recently, there were limited therapeutic options for ATTR-CM. However, approval and launch of therapies such as Vyndaqel and Vyndamax by Pfizer in 2019 expanded treatment options. Furthermore, increasing R&D investment in ATTR-CM treatment is fueling the pipeline. Several pharmaceutical companies are actively engaged in developing new ATTR-CM therapies. For instance, in March 2022, Eidos Therapeutics announced positive results from Phase 3 ATTRibute-CM study evaluating acoramidis in transthyretin amyloid cardiomyopathy. Segment Analysis The global Transthyretin Amyloid Cardiomyopathy (ATTR-CM) Treatment Market is segmented based on type and treatment. Based on type, it is segmented into hereditary ATTR-CM and wild-type ATTR-CM. The hereditary ATTR-CM segment is dominating currently due to the large patient pool suffering from this genetic disease globally. PEST Analysis Political: Government agencies are providing funding for research on novel drugs for ATTR-CM treatment which is promoting market growth. Economic: Developed regions like North America have higher healthcare spending which is driving clinical trials and drug approvals in these regions. Social: Increasing awareness through patient advocacy groups about ATTR-CM is encouraging development of new treatment options. Technological: Companies are focusing on RNAi technologies and antisense oligonucleotides for developing potential therapies to halt or reverse disease progression. Key Takeaways The Global Transthyretin Amyloid Cardiomyopathy (ATTR-CM) Treatment Market Size is expected to witness high growth, exhibiting CAGR of 31.1% over the forecast period, due to increasing research and development investments leading to new product approvals. North America dominates the global market currently owing to the high disease prevalence and supportive regulatory environment for clinical trials in the region. The approval of disease modifying drugsVyndaqel and Vyndamax has boosted the regional market growth. Key players operating in the Transthyretin Amyloid Cardiomyopathy (ATTR-CM) Treatment Market are Pfizer Inc., GlaxoSmithKline Plc., Eidos Therapeutics, Ionis Pharmaceuticals, Inc., Alnylam Pharmaceuticals, Prothena Corporation plc, Intellia Therapeutics, Inc., and Corino Therapeutics, Inc. Major players are focusing on development of RNAi-based therapies, antisense oligonucleotides and gene therapy for ATTR-CM. Read More- https://www.newsstatix.com/transthyretin-amyloid-cardiomyopathy-attr-cm-treatment-market-growth-analysis-and-value/ The global visual impairment market is estimated to be valued at US$ 4,362.8 Bn in 2022 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The visual impairment market includes a range of assistive devices, magnifiers, and treatment aimed at helping people with impaired or low vision. Companies in this space offer a variety of technologies to assist those suffering from conditions like macular degeneration, diabetic retinopathy, and glaucoma. Advances in lighting, magnification, and even implantable devices now allow many to maintain independence with vision challenges. The growing elderly population and rising incidence of chronic diseases drive ongoing need for visual assistance products and care. Market key trends: One major trend in the visual impairment market is the advancement of sight-restoring technologies. Where options were once limited to glasses, magnifiers, and low vision aids, novel therapies like gene therapies and retinal prosthetics now promise treatment rather than just accommodation of impairment. Embryonic stem cell therapies also show promise to regenerate retinal cells and nerve connections. Implantable miniature telescopes and electronic retinal stimulators have already helped many recover functional vision. As technology evolves rapidly, continued innovation is expected to expand treatment options and potentially restore sight for more patients over the forecast period. Porter's Analysis Threat of new entrants: The visual impairment market requires high R&D investments and established distribution channels. Thus, the threat of new entrants is moderate. Bargaining power of buyers: The bargaining power of buyers is high as there are many established players providing substitutable products. Buyers can easily switch between products. Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials and few players dominating the market can negotiate prices. Threat of new substitutes: The threat of new substitutes is low as most patients do not prefer alternatives once a solution/therapy is prescribed by the doctors. Competitive rivalry: The competitive rivalry is high due to the presence of many global and regional players targeting the same customer segment with differentiated products. Key Takeaways Global Visual Impairment Market Demand is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing prevalence of visual disorders. The market was valued at US$ 4,362.8 million in 2020. North America dominated the visual impairment market in 2020 owing to the increasing per capita healthcare expenditure and availability of advanced devices. Asia Pacific is anticipated to exhibit the fastest growth due to growing awareness and rising healthcare expenditure in China and India. Key players operating in the visual impairment market are Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, LVI Low Vision International, American Thermoform, Cambium Learning, Dolphin Computer Access Ltd., HumanWare Group, ViewPlus, and VFO. These players are focusing on new product launches and acquisitions to expand their reach. For instance, in 2019, HumanWare Group launched new BrailleNote touch Plus devices. Read More- https://www.newsstatix.com/visual-impairment-market-future-prospects-and-growth-analysis/ The Nail Care Market is estimated to be valued at US$ 21.08 Billion in 2022 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The nail care market refers to products such as nail color cosmetics, nail treatment, and nail accessories used for styling, strengthening and protecting the nails. Main products in this market include nail polish, nail color removers, nail strengthener, nail treatment, nail accessories such as nail polish bottle, brushes and nail Polish thinner. Growing fashion consciousness and rising demand for expressive nails among young population in emerging economies is driving demand for unique nail polish shades and other nail accessories. In addition, growing use of organic and vegan nail care products owing to increasing awareness regarding use of harsh chemical ingredients is supporting market growth. Market Dynamics: Increasing adoption of 5G technology is expected to drive the nail care market during the forecast period. With high-speed internet connectivity through 5G, users can stream videos on nail art tips and techniques from YouTube or other online sources on their mobile phones. This has made nail art more accessible to the masses and increased interest in creative nail styles. Secondly, growing live video commerce is enabling nail care brands to launch new collection via live videos and demonstrations. Beauty lovers can shop in real-time while watching nail artists showcase products. This has boosted online shopping and brand discoverability and engaged wider audience beyond traditional channels. Moreover, augmented reality and virtual try-on features available through 5G allowed shoppers to visualize nail colors and designs digitally before purchase, thereby increasing customer satisfaction. Segment Analysis The nail care market can be segmented into nail polish, nail color, nail accessories, and others. The nail polish segment dominates the market and holds around 50% share owing to its growing popularity among women and men for nail art designs and fashion trends. Consumers prefer buying nail polishes having attributes like fast drying, chip resistant and long lasting properties. PEST Analysis Political: Stringent regulations regarding usage of toxic chemicals like formaldehyde, toluene, dibutyl phthalate in nail paints can impact the market growth. Economic: Increasing disposable income and spending on personal grooming products favor market growth. However, economic slowdowns affect the non-essential spends on nail care products. Social: Growing interest of young consumers towards nail art, nail designs and trying new trends drives the demand. Also, acceptance of men using nail paints will further boost market growth. Technological: Innovations in formulations providing attributes like quick dry, chip-free and long-lasting finish are popular among consumers. Usage of organic, vegan and cruelty-free ingredients is a noticeable technological trend. Key Takeaways Global Nail Care Market Demand is expected to witness high growth, exhibiting a CAGR of 5.3% over the forecast period, due to increasing demand for nail art designs among millennials and generation Z. The market size for nail care was valued at US$ 21.08 billion in 2022. Regional analysis indicates that North America dominates the global nail care market owing to growing usage of nail art designs as fashion trends. Asia Pacific shows high growth potential due to rising expatriates culture and per capita spends on personal grooming in countries like India and China. Key players operating in the nail care market are OPI, Essie, ORLY, China Glaze, Kiko Milano, Rimmel, Shiseido, CND, Art of Beauty, Zoya, Sally Hansen, Revlon, L'Oreal Paris, Nails Inc., Maybelline, Chanel, Dior, Tom Ford, YSL, Lancôme. The key players are focused on launching new nail colors, enriched with ingredients that moisturize nails and have long lasting color finish. Read More- https://www.newsstatix.com/nail-care-market-share-analysis-and-future-outlook/ India Flexfuel Cars Market Estimated to Witness High Growth Owing to Increasing Government Support10/31/2023 The India flexfuel cars market is estimated to be valued at US$ 611.8 million in 2022 and is expected to exhibit a CAGR of 15% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Flex fuel or flexible fuel vehicles are designed or modified to run on more than one fuel such as gasoline or ethanol. In India, flexfuel cars currently run on gasoline blended with up to 20% of ethanol. Flexfuel cars allow the consumers to opt for cleaner and cheaper fuel as per its market availability. Flex fuel vehicles provide an opportunity for India to reduce its oil import bill and meet climate targets by encouraging use of locally produced ethanol as fuel. Market Dynamics: The flexfuel cars market in India is driven by increasing government support to boost ethanol blending in gasoline and growing consumer preference for eco-friendly vehicle options. The Government of India has an ambitious target of achieving 20% ethanol blending in gasoline by 2025 which is expected to significantly increase the demand for flexfuel vehicles in the country. Further, rising environmental concerns have fueled the demand for low carbon emission vehicles. Growing awareness about vehicular pollution and its health hazards has pushed consumers to opt for flex fuel vehicles that provide dual fuel option and reduce dependence on imported oil. However, lack of widespread ethanol pumps across the country remains a key challenge for widespread adoption of flexfuel cars currently. Segment Analysis The India flexfuel cars market is dominated by the compact segment which holds around 60% share. Within the compact segment, the hatchback models have been the most popular primarily owing to their affordability and fuel efficiency. Major car manufacturers have launched various hatchback models which can run on more than one fuel like petrol-ethanol blend, allowing consumers to choose fuel based on availability and price. PEST Analysis Political: The government has announced several incentives like lower GST and income tax benefits for flexfuel cars to encourage their adoption. This is aimed at reducing oil import dependence and curbing pollution. Economic: Rising fuel prices and economic growth has increased personal mobility needs. Flexfuel technology allows vehicles to use multiple cheaper fuel options thereby providing relief to customers. Social: With increasing awareness about environmental protection, customers prefer cars which can run on eco-friendly biofuels. This has boosted demand for flexfuel vehicles. Technological: Automakers have indigenously developed flexfuel technologies which can detect fuel composition and optimize engine performance accordingly. This has made them affordable and suitable for the mass market segment. Key Takeaways India Flexfuel Cars Market Size was valued at US$ 611.8 million in 2023. Strong government support through incentives, growing preference for green mobility solutions and high fuel prices are expected to drive the market growth at a robust CAGR of 15% during the forecast period. Regional analysis: The southern region led by Karnataka and Tamil Nadu is the largest market for flexfuel cars currently accounting for over 30% share due to policy initiatives for biofuel promotion and availability of sugarcane-based ethanol. The northern states are emerging as high potential markets going forward supported by fuel availability under national biofuel policy. Key players: Major players like Maruti Suzuki, Hyundai, Tata Motors, Nissan, and Renault have strengthened their flexfuel vehicle lineup in India over the years. Strong branding, expansive sales networks and commitment to alternative fuel technology development will help these companies maintain leadership positions in the upcoming years. New entrants like Mahindra & Mahindra, Toyota, Honda, Ford and Volkswagen are also enhancing their flexible fuel vehicle portfolio, which is anticipated to heighten the competition. Explore More- https://www.newsstatix.com/india-flexfuel-cars-market-value-insights-and-forecast-analysis/ The chemiluminescence imaging market is estimated to be valued at US$ 3391.7 Mn in 2022 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Chemiluminescence imaging refers to a technique used to detect molecules labeled with chemiluminescent tags. It involves the emission of light from a chemical reaction and does not require an external light source. Chemiluminescence imaging finds widespread application in life sciences research, drug discovery and clinical diagnostics. It is commonly used techniques include western blotting, DNA sequencing and immunoassays. Advantages of chemiluminescence over fluorescence include simpler instrumentation and greater signal stability. Market Dynamics: Rising demand for imaging techniques in life sciences research: Chemiluminescence imaging has become one of the most commonly used techniques in biomedical research. It helps researchers visualize and analyze biological processes at the molecular level. The growing investments in biomedical research and drug discovery are expected to drive the demand for chemiluminescence imaging systems over the forecast period. Rising adoption in clinical diagnostics: Chemiluminescence immunoassays using chemiluminescence imaging are widely used for quantitative detection of analytes in clinical diagnostics. The technology enables sensitive, accurate and high-throughput testing. It is commonly used for testing cardiac, liver and kidney function markers along with therapeutic drug monitoring and hormonal assays. The growing need for advanced diagnostics is projected to support the adoption of chemiluminescence imaging in clinical laboratories. Segment Analysis The global chemiluminescence imaging market is segmented into instruments, consumables and software. Among these, the consumables segment dominates the market and accounted for approximately 40% share of the global chemiluminescence imaging market in 2022. The dominance of consumables segment can be attributed to the requirement of frequent purchase of various reagents such as luminol, oxidizing reagents, antigens and antibodies for chemiluminescence detection in life science research and clinical diagnostics. PEST Analysis Political: Government regulations regarding use of chemiluminescence in food and water quality testing, environmental monitoring and clinical diagnostics has positively impacted the growth. Economic: Rising life science research funding and investments in healthcare infrastructure across the globe has accelerated market expansion. Social: Increasing awareness about early disease diagnosis and personalized medicine has fueled the adoption of chemiluminescence imaging systems. Technological: Integration of artificial intelligence and cloud computing capabilities in imaging platforms have enhanced workflow efficiency and automated result analysis. Key Takeaways The Global Chemiluminescence Imaging Market Demand is expected to witness high growth, exhibiting CAGR of 4.3% over the forecast period, due to increasing focus on developing multifunctional imaging platforms with advanced features. Regionally, North America dominated the market and accounted for over 35% share in 2022 driven by presence of major players and rising R&D investments in the US. Europe was the second largest market owing to growing research activity in the UK and Germany. Key players operating in the chemiluminescence imaging market are Thermo Fisher Scientific, Bio-Rad Laboratories, Merck KGaA, GE Healthcare, Azure Biosystems, Berthold Technologies, Syngene, Analytik Jena, VILBER and LI-COR Biosciences. Regional analysis showed that North America dominated the market backed by robust research infrastructure and presence of most innovative companies in the US. The chemiluminescence imaging market in Asia Pacific is expected to witness highest growth during the forecast period due to increasing life science research funding and flourishing diagnostics sector in China and India. Key players operating in the chemiluminescence imaging market are Thermo Fisher Scientific, Bio-Rad Laboratories, Merck KGaA, GE Healthcare, Azure Biosystems, Berthold Technologies, Syngene, Analytik Jena, VILBER and LI-COR Biosciences. Thermo Fisher Scientific commands a prominent share owing to its wide geographic presence and innovative product portfolio for medium- and high-throughput multiplexing applications. Bio-Rad also has a sizable share due to diversified product offerings catering to varied research workflows including protein assays and nucleic acid detection. Explore More- https://www.newsstatix.com/chemiluminescence-imaging-market-value-insights-and-forecast-analysis/ IMSI Catcher Market Estimated To Witness High Growth Owing To Increased Adoption Of LTE Networks10/30/2023 The IMSI catcher market is estimated to be valued at US$ 121.25 Mn in 2022 and is expected to exhibit a CAGR of 13.25% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: An IMSI catcher, also known as a stingray, is a surveillance device used to track cellular networks and gather unique identification numbers associated with mobile devices like smartphones and tablets. It functions by mimicking a legitimate cell tower to trick target mobile devices into connecting to it and revealing their location and identity. Law enforcement agencies use IMSI catchers to track suspects and gather evidence in criminal cases. Market Dynamics: Increased adoption of LTE networks: Modern 4G LTE networks are more widely vulnerable to IMSI catcher attacks compared to older networks like 2G and 3G. As carriers continue transitioning to faster LTE networks globally, the use of IMSI catchers is also expected to rise significantly among law enforcement agencies for intelligence gathering purposes. Growing investments in cellular surveillance: Government agencies across North America and Europe are allocating larger portions of their cyber security and intelligence budgets towards acquiring advanced cellular surveillance technologies like IMSI catchers. Lucrative contract opportunities for provider firms are driving innovations and developments in this market. Segment Analysis The global IMSI catcher market is dominated by mobile network operator segment. Mobile network operator segment held around 60% share of the overall market in 2021. Key reason behind dominance of this segment is heavy investments by mobile network operators for securing their network infrastructure and ensuring user privacy and security. Pest Analysis Political: Regulations around privacy and data protection are prompting law enforcement agencies to increasingly adopt IMSI catchers. However, overreach of such technology can infringe upon civil liberties. Economic: The global IMSI catcher market size was valued at US$ 121.25 Million in 2021 and is expected to grow at a CAGR of 13.25% during 2023-2030. Rising investments in next-gen network technologies will propel the demand for surveillance equipment. Social: Concerns around data privacy and security are increasing among consumers. At the same time, growing terrorism and criminal activities arealso boosting the adoption of IMSI catchers by law enforcement agencies. Technological: Advancements in technologies like 5G, private LTE networks are prompting vendors to introduce newer and more sophisticated IMSI catcher solutions with capabilities like pinpoint location tracking. Key Takeaways Global IMSI Catcher Market Size is expected to witness high growth, exhibiting a CAGR of 13.25% over the forecast period. Increasing investments in network security technologies by mobile operators and law enforcement agencies will drive the market. The Asia Pacific region is projected to witness fastest growth in the IMSI catcher market during the forecast period. Countries like India, China and Japan are upgrading their surveillance infrastructure and increasingly adopting IMSI catchers. Key players operating in the IMSI catcher market are Proximus LLC, Comstrac Limited, 4Intelligence, Phantom Technologies LTD, KAVIT Electronics Industries LTD., PKI Electronic Intelligence GmbH., Red Eye International Ltd., Septier Communication Ltd., Helios Technologies and L3Harris Technologies, Inc., and Novoquad, Inc. Proximus LLC dominates the market, while 4Intelligence and Phantom Technologies LTD are emerging as new challengers. The Cyanate Ester Resins market is estimated to be valued at US$ 211.8 million in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cyanate ester resins are thermosetting polymers derived from dissolution of cyanate ester monomers in a suitable solvent. They offer diverse advantages over typical epoxy resins including superior engineering properties such as high heat resistance, low moisture absorption, good dielectric properties and flame retardancy. Due to their high glass transition temperature and versatile properties, cyanate ester resins are finding increasing use in industries such as aerospace, electronics and composites. They are used as matrix resins to manufacture composite laminates, prepregs and adhesives which are used in aircraft structures, radomes, radars and casings for military applications. Market Dynamics: The global cyanate ester resins market is expected to witness significant growth over the forecast period. This is majorly driven by rising consumption in the aerospace industry. The increasing production of aircrafts globally is propelling the demand for high performance resins such as cyanate esters to manufacture lightweight and durable structures. Additionally, cyanate ester resins are gaining acceptance in the wind energy industry owing to their strength and corrosion resistant properties. They are suitable for manufacturing large wind turbine blades. The market is also benefiting from the growing use of cyanate ester resins in radomes, radars and electronic circuit boards in military applications. Furthermore, their ability to produce composites with superior mechanical and thermal properties is catalyzing their adoption in the composites industry. Segment Analysis The cyanate ester resins market is dominated by the aerospace & defense sub-segment. Cyanate ester resins find widespread application in the aerospace & defense sector due to their excellent thermal and mechanical properties. These resins provide high strength, stiffness and excellent fire, smoke and toxicity properties to aerospace components. They are ideally suited for manufacturing radomes, electronics housing, aircraft wings and rotor blades. PEST Analysis Political: The aerospace & defense industry is subject to stringent regulations around flame retardancy and fire safety. Standards like FAR 25.853 have pushed demand for cyanate ester resins. Economic: Growth in the global economy has led to higher defense spending by countries. This is driving expansion of aircraft fleets and modernization of aircraft and defense platforms, benefiting the cyanate ester resins market. Social: Increasing air passenger traffic and demand for new-generation, fuel-efficient aircraft is a major social trend augmenting market growth. Technological: Continuous product and process innovations by resin manufacturers are helping widen end-use applications of cyanate ester resins in electronics, composites and adhesives industries. Key Takeaways The Global Cyanate Ester Resins Market Size is expected to reach US$ 311.8 million by 2030, expanding at a CAGR of 8.6% during the forecast period. Rapid growth of the global aerospace industry post-pandemic will be a major driver of demand. The commercial and military aviation segments are witnessing rising orders for new aircraft to cater to the burgeoning global air passenger traffic. Regional analysis indicates North America accounted for the largest share of over 35% of the global cyanate ester resins market in 2023. Presence of major aircraft OEMs and tier players coupled with large defense spending has cemented North America's position as the dominant regional market. Going forward, Asia Pacific is poised to witness the fastest growth during the forecast period due to rising manufacturing activity in countries like China, India and Vietnam. Key players operating in the cyanate ester resins market are Huntsman, Lonza, Techia Corporation, TenCate, Cytec, Hexcel, Jiangdu Maida Group, Carbon Fibre Technology, Isola Group, Adeka, SGL Carbon, Gurit, Chongqing Guijie Technology, Shanghai Hunsman Material, Taixing Suning Chemical, Hengyu New Material, Natong Chemical, Kangda New Materials, Jiafu Technologh, and Tianma Group. Major players are focusing on capacity expansion and new product development to consolidate their market position. The North America creator economy market is estimated to be valued at US$ 127.65 Bn in 2022 and is expected to exhibit a CAGR of 22.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The creator economy refers to creators such as influencers, freelance artists, writers, programmers, and designers who monetize their talents and skills through various platforms, especially social media. They typically work independently or launch their own startups to earn income from various platforms and tools such as YouTube, Instagram, Twitch, Patreon, and Spotify. Creators leverage these platforms to build audiences and monetize their work through advertising, subscriptions, e-commerce, and sponsorships. Market Dynamics: The growth of the North America creator economy market is majorly driven by the rising demand for user-generated content across industries. Creators leverage various social media platforms to produce and share their content with a wide audience. Secondly, the continuous emergence of new social media platforms and evolving technology is encouraging more individuals to become creators and monetize their skills. Creators can launch their brands and connect directly with their target audience without relying on traditional media platforms. Platforms are also introducing new features and monetization tools to help creators earn more. Segment Analysis The creator economy market is dominated by the social media influencer segment which accounts for over 30% share of the total market. This segment is leading as it allows individual content creators to directly connect and monetize their following on different social media platforms through sponsorships, affiliate marketing, direct sales etc. The content streaming segment forms the second largest segment and is expected to witness strong growth going ahead due to increasing popularity of streaming platforms like YouTube, Instagram, Snapchat etc. PEST Analysis Political: Favorable regulations related to content monetization and intellectual property rights help boost the creator economy. Economic: Growth in disposable incomes and increasing internet & smartphone penetration globally expand the potential customer base for content creators. Social: Rising popularity of social media influencers and digital content across age-groups drives significant market opportunities. Technological: Advancements in technologies like AI, ML, AR/VR aid content creation and distribution while blockchains enable new monetization models. Key Takeaways The North America Creator Economy Market Demand is expected to witness high growth, exhibiting a CAGR of 22.5% over the forecast period of 2023-2030. The market size for 2023 is estimated to be US$ 127.65 billion. The high growth is attributed to growing social media engagement and increasing digital spending on platforms. Regionally, North America dominates currently due to high smartphone and internet penetration. Going forward, Asia Pacific is expected to be the fastest growing market driven by a booming digital economy in countries like India and China. Key players operating in the creator economy include Bytedance, Amazon.com Inc., Meta Platforms Inc., Alphabet Inc., Spotify AB, Netflix Inc., Snap Inc., Twitter Inc., Pinterest, Etsy, Shopify, Patreon, OnlyFans, Teespring, Twitch Interactive, Discord, Cameo, TikTok, YouTube, and Instagram. These players are investing significantly in tools and features to better support content creators. Read More- https://www.trendingwebwire.com/north-america-creator-economy-market-share-value-insights-and-forecast/ |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
April 2024
Categories
All
|