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26 April 2019, The in-car apps market is expected to grow at a high CAGR from 2016 to 2024 due to the growing use of the infotainment platforms in vehicles. In-car apps help the driver to maintain focus while driving by providing certain features such as gesture recognition, voice control by eliminating the extra control buttons. They also offer features such as evolved cruise control, autonomous emergency brake, traffic jam warning, change of lane assist, blind spot data and autonomous emergency brake. The multiple uses of the apps are expected to lead to the immense growth in the in-car apps market.
The importance given to road safety, fuel economy & efficiency, security & insurance liability which are expected to propel the growth in the in-car apps market. The growing income levels in developing countries of Asia Pacific and Europe is anticipated to drive the demand for luxury vehicles and smart cars, which is in turn expected to drive the growth of the global in-car apps market.
In-car apps assist drivers in parking, car to car communications, lane departure, traffic signal warning, surround view systems and autonomous parking. It also provides additional features through sensor technologies such as camera, radar, and ultrasound.
The usage of the in-car apps helps monitor car repairs with the aid of smartphones. They also help customers to connect to various service professionals, carry out communication through texts, pictures, and videos. These apps help in the diagnostics of the vehicles by continuously monitoring vehicle damage and performance of different parts.
The implementation of in-car apps is advantageous to automobile manufacturers as they can exploit new revenue streams and create revenue sharing. The apps have become an essential platform for conducting business and managing customer relationships. Further, the car dealers utilize these apps to communicate servicing reminders, drive traffic to the showrooms and manage customer relationships.
Automobile manufacturing companies are concerned about the safety & reliability of the mobile app solutions, open app ecosystem, and app data privacy. The in-car apps market is at a nascent stage; this market is anticipated to grow at a rapid pace over the coming years on account of high investments in technological developments and innovation.
The in-car apps market can be segmented on the basis of applications into navigation, social networking, travel, music, entertainment, lifestyle, news, and weather. In 2015, navigation was the most widely used app in cars which accounted for around 53% market share followed by the weather app which accounted for an overall 40% market share.
The in-car apps market is segmented on the basis of technology into embedded model, external model, and hybrid model. In the embedded model the apps are downloaded in the vehicle and runs on the cars system.
The external model refers to the apps present in a smartphone or tablet which need to be connected to the car's system via Bluetooth or a USB port. The Hybrid model apps are accessed through a built-in technology.
26 April 2019, The industrial machinery market size is estimated to grow at an approximate CAGR of 6% from 2016 to 2024. The improving economic conditions worldwide is one of the major factor driving the demand for the industrial machinery in various sectors such as packaging, agriculture, machine tools and materials handling. Rapid industrialization and increasing investment in capital-intensive technologies has led to a significant increase in the demand for the industrial machinery.
Industrial machinery is considered crucial in the operations of printing, food, textile, construction, pharmaceuticals, chemical, automotive, agricultural, power generation, utility, transportation and shipping industries.
The growth in the Industrial machinery market is driven by the increasing global demand for cars which will lead to a rise in the spending on robotics and the tools used in the automotive sector. The increase in the production of automobiles will also lead to an increase in the rubber and plastic industries which will, in turn, drive overall market demand.
The increase in standard of living worldwide increased spending on nutrition and the growth in demand for food will be a huge gain for the food and packaging industry. The rise in demand for housing, commercial buildings, and better infrastructural facilities is expected to increase the demand for machinery used in the construction sector.
The increasing popularity of green technologies has led to an increase in demand for the industrial machinery in photovoltaic and in wind turbines manufacturing companies. The growing demand for efficiency and quality is anticipated to drive investments in the development of the industrial machinery market. Automated machinery saves time, improves quality and also lowers operational cost of a manufacturing company.
The packaging industry is expected to boost the demand for industrial machinery. Increasing investment in lighter packaging which requires fewer materials, produces less waste and is more energy efficient is projected to spur the demand for industrial machinery. Further, the technological advances in packaging like wrapping food in ready-to-cook enclosures and new aseptic packaging technology is projected to drive the market growth.
The increased dependency on machines is estimated to create a huge demand for industrial machinery over the forecast period. The industrial machinery aftermath market which includes maintenance and service contracts is anticipated to influence the market growth positively. Increasing capital expenditure on automated processes and increasing research & development and innovation in this market expected to boost market growth over the forecast period.
The increasing cost of raw materials like steel, energy especially coal and fuel prices have adversely affected the growth in the industrial machinery market. Government policies affecting prices along, import and export tariffs, and trade relations with the other countries could also restrict the growth in the market.
26 April 2019, The global hot melt adhesive (HMA) market is expected to be valued around USD 9.7 billion over the forecast period and it is anticipated to grow at an approximate CAGR of over 6% over the forecast period of 2016 to 2024. Strong demand in the construction sector is expected to be a key driver for the growth of HMA.
The market is expected to be driven by factors such as the broad spectrum of end-use industry, high demand of adhesives, HMAS are replacing other adhesive technologies. Growing demand for pressure sensitive industries which use HMA is expected to spur the market growth over the next eight years.
Restraint in the hot melt adhesive is volatility in raw material price, loss of bond strength at high temperature and fluctuating economic cycle. Volatility in crude oil price is owing to the high bargaining power of suppliers.
Growing demand for pressure sensitive industries which use HMA is expected to spur the market growth. Booming non-woven disposable and packaging industry is expected to offer lucrative growth opportunities in the hot melt adhesive market.
Key industry participants are investing heavily in R&D to produce the advanced new innovative product and to enhance the bonding performance of HMA. The HMA exhibits the superior properties such as ability to bond with ceramics and reengineered plastics are anticipated to drive the growth over the forecast period.
Increasing in application scope in an end-use industry such as automotive, labeling and packaging, footwear, construction, woodworking, and transportation is anticipated to boost demand significantly over the next eight years.
Other applications include bookbinding, floor adhesive products, soap wrapper coating, bubble gum wrapper coating, clear case bonding, automotive headlights, tape manufacturing, glue sticks and stock manufacturing. Labeling bottles and paper converting industries are the major end use industry which is expected to boost the demand over the forecast period.
Packaging industries have the maximum demand and it is expected to aid the market growth. Continuous demand in these industries has led to the huge advanced technological development and to enhance strong bonding properties.
The HMA market has been segmented on the basis of product types such as polyurethanes, ethylene vinyl acetate, amorphous poly alpha olefin, metallocene Pe, styrenic block copolymers and polyamide.
26 April 2019, The gluten free food market is estimated to grow at an approximate CAGR of 10.4% from 2016 to 2024. The growing number of people suffering from celiac disease and with gluten sensitivity is one of the major factors driving the growth in the gluten free food market. The increasing focus on weight management, rising public awareness about the advantages of gluten free food and the change in consumer lifestyle are greatly responsible for the growth in the gluten-free food market.
The NCFA (National Foundation for Celiac Awareness) statistics have specified that 1 in 133 people in the U.S. are suffering from celiac disease among which 80% are diagnosed or misdiagnosed. The growing incidence of diabetes, celiac disease, obesity and other diagnosed food intolerances ailments have positively impacted the growth of the gluten free food market. The increase in demand for ready-to-eat packaged foods and base ingredients has also contributed to the market growth.
The improvement in the product labelling, taste, quality and nutrition in the gluten free food products has led to an increase in the demand for gluten free food. Further, consumers have a variety of options while buying both ready-to-eat packaged goods and base ingredients.
The concept of gluten free food has changed from being medicated products for gluten intolerant people to a lifestyle choice among customers from all segments. New product innovation providing efficient gluten-free food solutions for the ageing population and customized allergen-free products are expected to drive the demand for gluten free food.
The gluten-free food market has been gaining popularity due to a strong retail presence and improved government initiatives in various countries. Supermarkets and departmental stores like Publix, Wegmans, Wal-Mart and Target have separate sections for gluten-free food. Some of the stores have also hire dieticians and nutritionists who would help customers and solve their queries which involve reading food labels, providing food intake guidance and organise store tours. This has greatly improved the sales of the gluten-free food products.
There is a lack of awareness about gluten-free food products in the developing countries in the Asia-Pacific and Latin America region. It has been observed that consumers are unable to differentiate between intolerance and allergy. Further, the consumers are undiagnosed or misdiagnosed for celiac diseases most of the times. These factors can restrict the growth in the gluten-free food market.
The market is segmented on the basis of type, bakery products, pizzas & pasta, cereals & snacks, savouries, dairy, meat and confectionery products. Bakery products dominated the gluten free food market. This segment includes biscuits, bread, pies, pastries, doughnuts, bread and muffins.
The cereals & snack products segment are expected to grow at the highest growth rate over the forecast period. This is due to the increasing availability of corn, quinoa and sorghum which has led to innovations in the bakery products segment using these gluten free sources in the developed markets of Canada, Italy, Germany and the U.S.
26 April 2019, Government policies and regulations are the major key drivers of solar power market because of government subsidies global solar power market has grown between 25 to 30 percent.
Solar power has been segmented on the basis of application they are solar PV systems, concentrated solar power (CSP) and heating and cooling systems. The CAGR of solar PV market are approximately 18.30 % from 2014 to 2020 and the CAGR of concentrated solar power are approximately 19.4 % from 2014 to 2020.
Installation cost of solar power is so high and the maintenance cost is low. Because of sustainable power generation, solar power has become the competitive market so that the solar power tariff prices, as well as PV module prices, are also declining. The leading international solar PV markets are China, Japan, USA, Germany, and India.
Reliability, sustainability, and affordability in solar power have attracted residential customers, commercial consumers, and government buildings because of the incentives are given by the government bodies. The solar utility market has been the significant emerging segment in the recent years and it offers cost effective land, labor, and material which make affordable to the consumers. Forecasting the overall demand and supply of solar power will help us to generate and balance the required power. Solar power is the cheapest power than compared to any other power generation.
Solar power is having a high scale of opportunities in the service sector for solar panel cleaning, investing in solar distribution, financing and consulting, solar panel repairs, solar solutions, and solar energy auditing. Net metering, smart grids and Clean energy corridor missions are mainly to enhance the renewable energy power generation.
Installing large economies of scale solar park may reduce the price of solar power. Rooftop solar power is generated majorly for home consumption. The efficiency of solar power panels are less than 14 % and it is also based on the total irradiation of solar. If the irradiation of solar is more than 300days then the efficiency of the panel may differ. Higher the efficiency of solar PV panels, by the less surface area in power plants. Solar energy markets are reducing the co2 emission level by the renewable purchase obligation given to the industries. The obligated entities have to generate their own renewable energy. Depending on the emerging market solar power is anticipated to reach between 396 to 540 GW globally.
Solar PV Panels are segmented on the basis of product type which includes, monocrystalline PV panels, polycrystalline PV panels, thick film PV panels, amorphous PV panels and other thin film panels are (cadmium telluride (CdTe) and copper indium diselenide (CIS)) are now being used as PV modules.
Power generated from solar are having very less frequency so that they can’t be transferred directly to the normal grid but by using smart grid technologies we can inject renewable power directly to the smart grid. In smart grid technologies, we can add up net metering technique to have two-way communications, so that the information can be transferred between the buyer and seller.
Based on the region market has been segmented which include Europe, North America, and Asia Pacific. Europe is one of the market leaders in solar and they are generating 7% of electricity demand in three European countries include Italy, Germany, and Greece. Solar powers are expected to grow by 80% in the European countries and 40% consumption.
North America is the emerging market and they are focusing on distributed generation and solar PV installation. U.S has generated 25GW by the end of 2015. North American government is giving subsidy and incentives to the buyers.