Global Automotive Cockpit Electronics Market Business Outlook

The demand for automotive control functions that are accessible directly by the driver is increasing in automobiles, owing to extensive use of sensors and modern automotive control amenities in passenger cars. The major objective of automotive cockpit electronics is to enhance the driving experience, provide convenience, safety and improved controls. Automotive cockpit is used for the human-machine interference (HMI). The controls that are accessible directly from the automotive cockpit includes global positioning system (GPS), transmission, in-car telephone, rear display, CD players, wireless interference, advanced parking support systems,  in-car lighting, climate control, Wi-Fi and others.

Based on product type, the global automotive cockpit electronics market can be segmented as driving control system, infotainment, driving assistance system, and comfort system. Based on the type of automobile, the global automotive cockpit electronics market can be broadly classified as sedan cars, hatchback cars, sport utility vehicles (SUV), and others.

The automobile manufacturers are facing crucial issues regarding safety requirements, since a long time. As a result, the government regulation towards the passenger safety and environment has become more stringent in the recent years. Many latest advanced features, such as electronic stability control (ESC), advanced driver assistance systems (ADAS), tire pressure monitoring systems (TPMS), and Anti-lock braking system (ABS), have boosted the automotive cockpit electronics market in the recent years.

North America accounted for the largest market of automotive cockpit electronics in 2014. The automotive industry in North America continues to be one of the largest industries. In 2014, the automotive sector in the U.S. reached $500 billion in terms of revenue.  The Automotive Industry of North America received nearly $74 billion FDI in 2014 (about 3 percent of total FDI in the U.S.). The automotive industry manufacturers in the U.S. have collectively invested about $46 billion for the expansion and technological development, since 2010. Most of the automotive manufacturers in the U.S. run fully integrated operations within the country including research, and development (R&D). The automotive R&D, along with the technical up gradation is expanding in the U.S. for meeting the stringent safety regulations.

The Asia-Pacific automotive cockpit electronics market is growing at the fastest pace. The increasing middle class population, upsurge in urbanization, and strengthening transportation infrastructure in developing countries such as India and China has raised the demand for passenger cars in Asia-Pacific to a considerable level, which in turn is fueling the growth of the automotive cockpit electronics market. The passenger car market in China has witnessed a double digit growth rate, in the past few years.

Some of the competitors in the automotive cockpit electronics market are Continental AG, Visteon Corporation, Alpine Electronics Inc., Panasonic Corporation, Robert Bosch GmbH, DENSO CORPORATION, Harman International Industries Inc., Clarion Company Ltd., Delphi Automotive PLC, and Garmin Ltd.

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Methylene Chloride Market: Opportunities, Value Chain Analysis & Impact Analysis Of Restraints On Market Forecast

Across the globe, in 2017, the Asia-Pacific (APAC) region held the dominating revenue share of more than 70.0% in the methylene chloride market. This was due to the growing production of chemicals, surging population, and expanding infrastructure domain here. Apart from being the largest consumer, APAC is also the largest producer of methylene chloride. Governments of various countries, particularly Europe, have formulated strict environment regulations prohibiting the use of the compound in paint stripper application, due to which many producers have shifted their base to APAC. 

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China and India are two of the largest users of methylene chloride. Owing to the small-scale national production, India mostly imports such materials to cater to its consumer need. China, on the other hand, does not import the material in huge quantities as it has sufficient local supply to meet the internal demand. China, Japan, and Taiwan are the major methylene chloride suppliers to Southeast Asia. Due to its great solvent performance, it is widely used in cleaning applications, such as for metal cleaning, paint removal, and degreasing. 

The manufacturing of automobiles and machinery needs perfect cleaning of metals before they are adopted for serving the purpose. In addition, the products manufactured from these metals, including machine and automobile components, necessitate periodic degreasing for smooth operation. Thus, the growing production of metals to strengthen other products’ development activities would likely increase the demand for CH2Cl2, thereby resulting in the methylene chloride market growth. Furthermore, this compound is used as a prime solvent in adhesives and paints due to its strong dissolving strength, and quick drying and low flammability properties. 

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The automotive and construction domains are the prominent end users of paints and adhesives. Owing to the large-scale construction projects, such as buildings, bridges, and industrial facilities, going on around the globe, the consumption of paints and adhesives is significantly surging. In addition, the growing sales of automobiles in developing economies have escalate the demand for these materials. The growth in the production of paints and adhesives is, in turn, anticipated to the boost the methylene chloride market growth. 

Hence, the increasing demand for the compound for cleaning applications in various end-use industries is predicted to accelerate the growth of the market during the forecast period.

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How is Internet of Things (IoT) Revolutionizing Healthcare?

The healthcare spending is set to experience a growth of 5.4% between 2018 and 2022, compared to the 2013–2017 growth rate of 2.9%, according to the 2019 Global Health Care Outlook report published by Deloitte. Not only are the number of hospitals, cases of chronic diseases, and geriatric population increasing, but the sector is also going through rapid technological advancements. One of the recently introduced technologies, which is also becoming rapidly popular, is internet of things (IoT). Before delving into its application in healthcare, it is important to first understand its basic concept. IoT involves equipping various electronic devices with some sort of communication technology so that the data exchange among these happens automatically without the requirement for humans. In the medical field, these could range from a simple electronic prescription log to complicated equipment such as ventilators, cardiac monitors, and implantable pacemakers.

As per a study by P&S Intelligence, the IoT healthcare market valued $56.1 billion in 2017, from where it is predicted to ultimately reach $267.6 billion in the coming years at a CAGR of 30.2%. The technology finds many applications in the medical and wellness sector, including clinical operations and workflow management, telemedicine, connected imaging, medication management, and inpatient monitoring. Among these, the heaviest utilization of IoT up till now has been in telemedicine, and the trend is set to continue in the near future. It allows patients and doctors to see and communicate from a distance via audio-visual equipment. Not only can they talk to each other, but the patient data can be also automatically transferred from medical devices straight to the healthcare provider.

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This is of special benefit to patients who live in remote areas, far from a healthcare facility such as a clinic, nursing home, or a full-fledged hospital. IoT-enabled telemedicine saves time by enabling quick data exchange and money by doing away with frequent hospital visits. The elderly or those who are confined to a bed and are unable to travel are also prominent users of telemedicine. Defibrillators, insulin pumps, cardiac monitoring devices, continuous positive airway pressure machines, and oxygen tanks are the most prominent remote patient care devices to be equipped with IoT. As these provide swift medical care and improve patient outcomes, the demand for these devices is rising across the world.

Growing prevalence of lifestyle-related and chronic diseases has created the need for constant self-monitoring of health parameters. Several mHealth apps help people keep a check on their glucose levels, heart rate, blood pressure, and other vitals. These apps and connected medical devices have popularized the use of IoT in personalized healthcare management, as these also record the disease progression, and help patients in scheduling appointments and managing medication. The rising smartphone use has led to an increase in mHealth app downloads, further impacting the IoT healthcare market positively.

Similarly, on the basis of technology, the domain can be divided into BLE, Wi-Fi, ZigBee, NFC, satellite, and cellular. Among these, Wi-Fi led the IoT healthcare market in 2017 with 41.8% revenue contribution. The reason for this is the growing adoption of Wi-Fi tools and gadgets in hospitals for transferring data to and from the cloud. This is also why, as per the study, the Wi-Fi category is expected to advance with the highest CAGR (32.1%) during the forecast period.

Hence, we see that advancements in technology, allowing for remote patient monitoring and real-time disease management, will continue to drive the IoT healthcare market progress.

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Global Radiation Dose Management Market is Expecting Worldwide Growth

The rising concern associated with radiation exposure, increasing awareness and industry initiatives regarding the issue, and surging prevalence of chronic diseases are some of the factors responsible for the growth of the radiation dose management market. In 2016, the market generated a revenue of $129.8 million, and it is expected to attain a size of more than $1700.0 million by 2023, advancing at a CAGR of 46.0% during the forecast period (2017–2023).

RDM refers to a solution that can be integrated with medical systems, such as electronic health record (EHR), picture archiving and communication system (PACS), and radiology information system (RIS), to monitor, archive, and track the radiation exposure and aid in improving patient safety. Based on product, the radiation dose management market is bifurcated into solutions and services. Of these, during the historical period (2013–2016), solutions dominated the market, and these are projected to continue dominating it during the forecast period.

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One of the main purposes of radiological protection is to prevent the patient from the adverse effects of radiation. Exposure to high radiation doses over a short period can sometimes cause life-threating diseases, such as cancer and radiation sickness, symptomized by fainting, nausea, vomiting, hair loss, diarrhea, bleeding, confusion, and mouth and skin sores. Radiation exposure not only affects patients, but it can also affect the public, as well as those inside medical and emergency settings. Therefore, the need to check radiation exposure is boosting the growth of the radiation dose management market.

For instance, as per the United States Food and Drug Administration (USFDA), for nuclear medicine, the average adult effective dose is between 0.2 and 416 mSv and estimated dose equivalent (no. of chest X-rays) is 10–2050. Further, the incidence of chronic diseases, such as chronic obstructive pulmonary disease, cancer, hepatitis, acquired immunodeficiency syndrome, and cardiovascular diseases, is growing. These diseases are diagnosed by different imaging techniques, such as CT scan, which need various radioactive compounds to detect the disease.

Hence, the growing awareness on the adverse effects of radiation exposure, governments’ surging initiatives, and increasing incidence of chronic diseases are predicted to augment the market growth. 

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Beer Market Revenue and Industry Expansion Strategies

Increasing disposable income of individuals in developed and developing countries, rapid changes in lifestyle, and creative marketing and innovative promotional strategies by the market players are some of the key factors driving the beer market growth. Additionally, spending more on beers by young urban-dwellers is also contributing to growth of the market.

Beer is an alcoholic beverage prepared by saccharification and fermentation of grain. It is one of the most extensively consumed alcoholic beverage worldwide, after tea and coffee. Ale, lager, stout and porter, wheat, India pale ale (IPA), and malt are types of beer that are being consumed in the recent times. Some other types of beer include low or no alcoholic content beer, premium lager beer, standard beer, and crafted beer. Presently, beer is a part of social milieu in many nations, and is associated with social traditions such as beer festivals. Consumption rate of beer is mostly high in the European countries as compared to Asia-Pacific (APAC).

Based on packaging, the beer market has been categorized into bottled, canned, and draught. Of these, draught still remains the majority of packaging for beers. On the basis of sales channel, the beer market has been categorized into on-trade and off-trade.

Booming demand for beers will support the market growth across the globe, especially in APAC. Due to increasing population and rapid adoption of western culture in the region, beer market in APAC is expected to register the fastest growth in coming years.

Growth Drivers of Market

Major factor that drives the demand for beers is changing lifestyle of populace around the world. In the recent times, drinking in bars or house parties is becoming a part of sociocultural context. Additionally, attitudes toward alcohol are changing, especially among young urban-dwellers, as drinking culture becomes more popular. Globally, they are now spending more on beers. These factors are boosting the demand for quality beers and thus driving market growth. Furthermore, beer is more widely accessible presently, with increasing number of outlets. Hence, the beer market has risen at a constant rate over the years with a continuous rise in number of beer consumers.

In addition, presently, beer companies have not marketed effectively for females, so there is a huge opportunity to increase their sales revenue by attracting female consumers. Due to increased percentage of working women and rapid adoption of western culture in last few years, beer consumption by female has considerably increased. As a result, women are going to be one of the major consumers of beers in future, and thus pose huge opportunity for the beer market, across the globe.

Some of the key players operating in the global beer market include Asia Pacific Breweries, Grupo Modelo, Heineken N.V., Molson Coors Brewing Company, Yanjing Brewery, Tsingtao Brewery Company Limited, Carlsberg Breweries A/S, Sapporo Breweries, Anheuser-Busch Companies Inc., Asahi Breweries, SABMiller, Kirin Brewery Company Limited, and Scottish & Newcastle.

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Growing Trend of Anti-Drone Market in North America

The North American anti-drone market is projected to grow at a substantial rate during the forecast period, due to increasing incidences of security violation by illegal drones, and increasing terrorist acts and nefarious actions across the region has primarily propelled the market growth. The market is also boosted by the increase in detection and close encounters of drones with aircrafts. Anti-drones are used to detect, recognize, and neutralize or destroy rogue drones. These are also known as unmanned aerial vehicles (UAVs). These systems use different technologies to detect and counterbalance unmanned aircrafts such as high energy lasers, jamming, command and control (C2), directed energy weapons, electro-optical surveillance, electronic surveillance, and radio frequency threat management.

On the basis of technology, the North American anti-drone market has been classified into electronic, laser, and kinetic systems. Due to innovation in technology, electronic system has been noticed to be a commanding tool to be used in anti-drone. Hence, the market for electronic anti-drones is anticipated to grow at the fastest rate during the forecast period.

On the basis of geography, the North American anti-drone market has been categorized into the U.S. and Canada. The U.S. market will rise at a faster rate, due to high defense department budget. In the year 2017, the U.S. military spent around $810 billion against $760 billion in 2016. Recently, Federal Aviation Administration started a Pathfinder Programme and chosen anti-UAV defense system (AUDS) to begin a trail to guard the U.S. airports from UAVs.

Growing threats of terrorist activities and increasing nefarious actions across the region are the major drivers propelling the North American anti-drone market. An upsurge in the usage of drones for commercial activities has led to an evolution in significant threats such as attacks using unmanned aircrafts and violation of privacy that has developed concern over public safety. In the U.S., reports of UAVs flying along the Southwest border have pointed in recent time, with more than 36 detections since October 2017. This data fact is on course to quadruple from the preceding year, according to the U.S. Customs and Border Protection, where it is suspected that criminal groups are using the UAVs for surveillance while looking for paths to circulate drugs and other illegal material into the U.S.

Faster adoption of anti-drones in North America can be viewed as a profitable opportunity for players operating in the North American anti-drone market. Factors like usage of anti-drone systems for micro-UAV detection capabilities, and long ranges have amplified their demand for defense applications and can produce substantial opportunities for this market. Additionally, developments in interdiction range in RF jamming/spoofing and detection efficiency are anticipated to fuel the demand for these systems in the region.

Some of the key players operating in the North American anti-drone market include The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, and SRC Inc.

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Adaptive Cruise Control Market Globally Business Outlook

The growing number of road accidents and increasing vehicle safety regulations and initiatives are the key factors contributing to the growth of the adaptive cruise control (ACC) market. In 2016, the market attained a size of $4767.0 million, and it is projected to generate a revenue of $15,290.0 million by 2023, progressing at a CAGR of 18.3% during 2017–2023 (forecast period). ACC automatically adjusts the speed of the vehicle to keep a safe distance from the vehicles ahead.

Based on application, the ACC market is bifurcated into passenger and light commercial vehicles. Of these, during the historical period (2013–2016), passenger vehicles dominated the market, and these are predicted to maintain their dominance during 2017–2023. This is attributed to the surging awareness among consumers about safety, increasing premium car sector, and formulation of strict norms by regulatory bodies, such as the New Car Assessment Program. Furthermore, the increasing demand for luxury cars in Asia-Pacific (APAC), specifically India and China, is predicted to contribute to the growth of the market.

Geographically, in 2016, North America and Europe collectively contributed more than 65.0% revenue to the adaptive cruise control market, and these are predicted to dominate the market during the forecast period as well. This is attributed to the increasing production of vehicles, technological developments, and strict safety regulations. The United States New Car Assessment Program (US NCAP) is encouraging people to install such systems in vehicles. Furthermore, the rapid integration of safety features in vehicles is leading to an improved rating system, which, in turn, would result in the market growth.

The rising number of road accidents are one of the prime causes of deaths around the world, with Africa registering the highest road traffic-related accident rate, followed by APAC. As per the World Health Organization, in 2013, due to road accidents, the total number of deaths was 1.25 million, and in 2015 it reached 1.34 million. To control the growing number of accidents across the globe, various associations and trade unions are coming up with vehicle safety regulations and initiatives for vehicle and passenger safety.

Thus, the increasing awareness about safety while driving, increasing adoption of advanced driver assistance systems, and stringent vehicle safety regulations and initiatives are the key factors helping the market grow.

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