Virtual Fitting Room Market: New Developments Helps to Grow Market Opportunities & Forecast until 2024

The global virtual fitting room market is expected to witness rapid growth between 2019 and 2024, on account of the growing consumer inclination toward online shopping, increasing demand for personalized experience, rapid shift toward digitization, changing lifestyle of people, and growing adoption of technologies such as augmented reality (AR) and virtual reality (VR).

Based on application, the virtual fitting room market is classified into apparel, beauty and cosmetics, footwear, and others, wherein others include eyewear, jewelry, and watches. Among these, the apparel category is expected to demonstrate the fastest growth in the market during the forecast period.

Increasing adoption of technologies such as AR and VR by large retailers, such as Amazon Inc., Walmart Inc., and eBay Inc., is a major factor driving the virtual fitting room market. The technology adoption in stores is facilitating improved customer interaction and providing customers with a personalized shopping experience.

However, in the online fashion industry, the return rate of apparel is quite high, majorly due to sizing and fit concerns. Virtual fitting rooms are, thus, the solution to this conundrum, as these allow the customers to virtually try on clothes, with advanced technologies facilitating accurate measurements and ensuring a proper fit.

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To provide a convenient shopping experience to the users, online and offline fashion retailers are increasingly introducing virtual fitting room applications, thus supporting the market growth.

Some of the major players operating in the global virtual fitting room market are Zugara Inc., True Fit Corporation, Fit Analytics GmbH, Autumn Rock Limited, Imaginate Software Labs Private Limited, Metail Limited, Else Corp Srl, Fision AG, FXGear Inc., and MemoMi Labs Inc.

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Increasing Shale Gas Extraction Driving Proppant Market Growth

The proppant market is being driven by the rising requirement for frac sand during petroleum extraction and surging use of resin-coated and ceramic proppants for enhancing the well productivity. Revenue of $6,057.0 million was generated by the market in 2017, which is projected to rise to $10,562.9 million by 2023, at a 9.5% CAGR during the forecast period (2018–2023). During oil and gas extraction, fractures are created in the hydrocarbon-containing rocks. Once the pressure is released, proppants, which are solid materials, are used to keep the cracks open. 

When segmented on the basis of type, the market is divided into sand, resin-coated, and ceramic. Among these, the sand division led the proppant market in 2017, in terms of sales volume, with a share of over 85.0%. Sand-based proppants’ low cost and the fact that they are widely preferred by exploration and production (E&P) firms were the reasons behind their dominating position. Even during the forecast, this division is expected to witness the highest CAGR and continue leading the market till 2023. 

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The various categories of the proppant market, on the basis of application, are tight gas, coal-bed methane, shale gas, and others. In 2017, shale gas extraction was the largest category, with more than 50.0% share in terms of value, owing to the heavy usage of proppants during the process. In recent years, shale gas extraction using the hydraulic fracturing technique has risen significantly in North America. With similar growth expected in China, shale gas would continue being the largest category in the market during the forecast period. 

The increase in hydraulic fracturing activities in North America is itself a key proppant market trend. As per the Railroad Commission of Texas (RRC), during January–March 2018, 2,712 shale gas wells were completed in the continent. This was a considerable rise from the 1,925 wells completed between January and March in 2017. Proppants made from sintered high-grade kaolin and bauxite are utilized during hydraulic fracturing for the gas’s extraction, due to their high strength, which is important in the process. 

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With the growth of E&P operations, the demand for frac sand, which is mixed in water during hydraulic fracturing, is also increasing. As frac sand is the least costly of all proppant types, it is popular among oil and gas firms. The Oil & Gas Journal reported that the requirement for cost-effective sand-based proppants, which was 45 million tons in 2016, would surge to 110 million tons in 2018, thereby driving the market. 

Another major driver for the proppant market is the rising usage of resin-coated and ceramic proppants for improving the economics of the wells. Such products are strong and can withstand high stress, of up to 10,000 pounds per square inch, in deep wells. With the increase in the number of oil and gas wells, companies are looking for proppants for multiple-stage fracturing and low-permeability wells. The focus of E&P firms is shifting to deep wells, where high-strength materials are required to keep the fractures open. 

North America has been the largest market for such materials, with a value share of over 70.0% in 2017. It is expected to be the dominant region in the market during the forecast period too, on account of the increasing E&P activities and use of hydraulic fracturing. The recovery in oil prices and higher material loading levels have been driving the oil and gas industry in the continent. During the forecast period, the proppant market is projected to witness the fastest growth in Asia-Pacific (APAC). 

Hence, with the increasing extraction of shale gas, requiring the cracking of deep rocks and then holding those cracks open, the usage of proppants would also rise.

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Demand for Automotive Ethernet in Auto Sector - Automotive Trend

The global automotive ethernet market is expected to witness significant growth during the forecast period (2020–2030). Growing usage of smart infotainment systems and advanced driver assistance systems (ADASs) in vehicles, and declining cost of ethernet technology are some factors boosting the growth of the industry. Furthermore, increasing research and development (R&D) and investments for autonomous vehicles can provide opportunities to players operating in the market.

Based on application, the automotive ethernet market has been categorized into ADAS, powertrain, infotainment, chassis, and others. Among these, the ADAS category is expected to generate highest revenue during the forecast period, owing to the increasing demand for advanced safety features and to improve fuel efficiency. Increasing number of regulations for implementing ADASs in automobiles, such as mandate of anti-lock braking system (ABS) in all new passenger cars in European Union nations and the U.S., is driving the growth of the market in this category.

Globally, Asia-Pacific (APAC) is expected to embrace the largest share in the automotive ethernet market during the forecast period. This can be majorly attributed to the rising automobile production in China, India, Japan, and South Korea. In 2018, China produced nearly 27.8 million units of passenger cars and commercial vehicles, which was around 24.5 million in 2015. Increase in production of vehicles is positively impacting the growth of the automotive ethernet industry in the region.

High complexity and increasing number of applications in a vehicle are major factors propelling the growth of the automotive ethernet market. With growing technologies, electronics in the vehicle are getting more complex, with more controllers, sensors, and interfaces, which require higher bandwidth. These several electronic components in a vehicle need to increasingly communicate with each other. Due to this, the weight, cost, and complexity of wiring harnesses has increased. These days, several different proprietary standards for communication are used, with each component typically using a dedicated cable or wire. By moving to a single standard, all the communications from all the different components can coexist on the same switched ethernet network, with a single pair going to each location in the vehicle from a central switch. Such factor is boosting the demand for automotive ethernet.

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Industry Opportunities
Increasing R&D and investments for autonomous vehicles holds a potential for the growth of the players operating in the automotive ethernet market. Autonomous technologies are emerging in the transportation sector, with tests and pilot projects being rolled out in several countries. In North America, California is the center for the development of autonomous vehicles. Waymo LLC (a subsidiary of Alphabet Inc.) has been testing autonomous vehicles in California, logging above 10 million miles of test drives. Major original equipment manufacturers (OEMs), such as Ford Motor Company and General Motors Company, are also testing self-driving cars in California.

Market Competitive Landscape
Major players operating in the global automotive ethernet market are Broadcom Inc., Marvell Technology Group Ltd., NXP Semiconductors N.V., Microchip Technology Inc., Texas Instruments Incorporated, Molex LLC, Cadence Design Systems Inc., System-on-Chip Engineering S.L., TTTech Computertechnik AG, and Vector Informatik GmbH.

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Automotive Adaptive Front-Lighting System Market Driven by Demand

The global automotive adaptive front-lighting system market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising concerns over increasing fatal accidents, particularly along sharp curves, and stringent government regulations mandating the installation of these lighting systems in new vehicles. In addition, rising consumer awareness on technologically advanced automotive systems and increasing adoption of luxury cars with adaptive headlights as a standard feature are benefiting the market growth. Moreover, the rising demand for advanced driver-assistance system (ADAS) features in automobiles is creating ample opportunities for the market players to enhance their product portfolio and customer base.

On the basis of vehicle type, the automotive adaptive front-lighting system market has been categorized into passenger and commercial vehicles. Between the two, the passenger vehicle category held the larger market share during the historical period (2014–2019), owing to the increased passenger vehicle production, coupled with the launch of new car models with adaptive lighting systems, in recent years. For instance, in 2019, Opel Automobile GmbH launched the sixth-generation Opel Corsa-e with the adaptive, glare-free IntelliLux LED matrix light feature. The light comprises eight light-emitting diode (LED) elements, which are controlled by a new-generation, high-resolution front camera and adjust the light beam according to the prevailing road conditions and the surroundings.

Based on technology, the automotive adaptive front-lighting system market has been categorized into LED, halogen, xenon, and others (organic light-emitting diode and laser). During the forecast period, the market is expected to witness the fastest growth in the xenon category. This can be mainly attributed to the growing popularity of xenon or high-intensity discharge (HID) lamps in the automotive industry. HID headlights are brighter and, thus, increase the visibility of peripheral objects (such as street signs and markers). Moreover, the availability of advanced xenon or HID adaptive lighting systems from original equipment manufacturers (OEMs) at a reasonable price is expected to fuel the market growth.

Geographically, APAC held the largest share in the automotive adaptive front-lighting system market during the historical period. This can be mainly attributed to the presence of major OEMs in the region, such as Honda Motor Co. Ltd., Toyota Motor Corporation, and Hyundai Motor Company, which are deploying adaptive front-lighting systems in their offerings. The market growth in the region is also driven by developing economies, such as India and China, where the demand for adaptive lighting solutions is rising on account of the increasing vehicle sales and rising incidence of road accidents.

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Industry Drivers
The growing demand for adaptive lighting systems in heavy commercial vehicles, such as trucks and buses, coupled with stringent government regulations in many countries with respect to vehicle production, is the major factor driving the growth of the automotive adaptive front-lighting system market, globally. The demand for heavy commercial vehicles with advanced safety features, such as adaptive headlights and traffic sensors, in the logistics and transportation industries is increasing. Commercial vehicles in the logistic network generally ply at night, often in low-light conditions. Moreover, rising road safety concerns among truck drivers and fleet owners are resulting in the demand for adaptive front-lighting technology solutions, which, in turn, is driving the market growth.

Competitive Landscape
Some of the major players operating in the global automotive adaptive front-lighting system market are Valeo SA, Magneti Marelli S.p.A., OSRAM GmbH, HELLA GmbH & Co. KGaA, KOITO MANUFACTURING CO. LTD., STANLEY ELECTRIC CO. LTD., ZKW Group GmbH, Varroc Group, SL Corporation, Mazda Motor Corporation, and HYUNDAI MOBIS CO. LTD. These companies are increasingly focusing on product research and entering into collaborations with other companies to enhance their product portfolio and increase their market share.

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Rising Focus over Energy Efficient Technologies Driving Conductive Polymers Market

The global conductive polymers market reached a value of $4,441.7 million in 2017 and is expected to generate $7,341.2 million in 2023, advancing at an 8.7% CAGR during the forecast period (2018–2023). The market is growing due to the increasing preference for lightweight and high performing electronic products, growing solar power capacity, surging demand for conductive polymers in a variety of applications, rising focus over energy efficient technologies. Conductive polymers are polymers which conduct electricity.

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In terms of type, the conductive polymers market is divided into polyaniline, inherently conductive polymer (ICP), polyphenylene based resin, polycarbonates, and others (polypropylene, nylon, acrylonitrile, and polyvinylchloride). Among all these, the market was dominated by the polyaniline during the historical period (2013–2017), holding a revenue share of over 30.0% in 2017. This was due to its properties including good stability in aggressive media and at high temperature. The applications of this polymer include fuel cells, supercapacitors, batteries, and sensors. During the forecast period, the ICP division is projected to witness the fastest growth.

When application is taken into consideration, the conductivepolymers market is categorized into actuators, sensor, batteries, electrostatic discharge & electromagnetic interference (ESD & EMI) protection, antistatic packaging, capacitors, solar cells, and others (which include corrosion control, medical, and display devices). Out of these, the ESD & EMI protection category accounted for more than 25.0% share of the market in 2017, in terms of value. This is ascribed to the properties of conductive polymers of mitigating overvoltage, transient surges, and overcurrent in several consumer and industrial goods.

The conductive polymers market is growing due to the increasing preference for high performance and lightweight electronic products, which are utilized in manufacturing electronic items such as laptops, cell phones, and gadgets. Furthermore, there is a surging demand for wearable and flexible displays, electronics, and other flexible inorganic semiconductors. The income level of people in the developing countries is increasing and consumers are preferring for advanced and lighter electronic products, which is expected to result in increased demand for conductive polymers, as they are extensively used in the production of lightweight electronic products.  

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Another major factor driving the growth of the conductive polymers market is the rising focus on energy efficient technologies. Due to the rising standard of living, industrialization, and urbanization, the consumption of energy in countries, including India, Indonesia, and China, has increased significantly. This is resulting in the increasing adoption of energy efficient solutions, such as light emitting diode (LED) lighting solutions. The surging demand for LED bulbs is projected to drive the requirement foe conductive polymers as well, since they are utilized as emissive material and serve as the light source in LED bulbs.  

A key trend in the conductive polymers market is the growing adoption of conductive polymers in smart materials production. Smart materials are materials which exhibit properties such as mechanical, optical, electromagnetic, and chemical which can be altered for performing a particular function. These materials are increasingly being adopted for manufacturing artificial muscles along with other prosthetic medical devices that utilize the ability of CPs for changing shape and size of artificial limbs. Such materials are made up of conductive polymers and offer higher strength and flexibility than traditional materials utilized in the production of prosthetics.

Hence, the market is growing due to the rising preference for lightweight and high performing electronic products and increasing focus over energy efficient technologies.

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Automotive Clutch Market by Vehicle Type, Clutch Type, Transmission Type, Industry Analysis and Forecast to 2030

The global automotive clutch market is expected to witness considerable growth during the forecast period (2019–2030), owing to the growing production and sales of automobiles across the world. Clutch is an integral part of a vehicle that is responsible for controlling the speed of the vehicle. With the growing safety concern among users, the market for automotive clutches is expected to observe considerable advancements.

In terms of vehicle type, the automotive clutch market has been categorized into two-wheeler, three-wheeler, passenger car, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). Among these, passenger car is the largest category in the market and is expected to remain the dominant category during the forecast period as well. In 2018, more than 70.6 million passenger cars were produced, compared to 21.1 million LCVs and 4.3 million M&HCVs, globally. Thus, with the heavy production and sales of passenger cars across the world, the demand for automotive clutches used in these vehicles is increasing.

Based on transmission type, the automotive clutch market has been categorized into manual, semi-automatic, and automatic. Among these, the manual clutch was the largest category in the market in 2018. Most of the vehicles that are produced currently use manual clutches. However, with the increasing production and adoption of self-driven vehicles, as well as with the growing safety concern among users across the world, the demand for semi-automatic and automatic clutches are expected to rise in the coming years.

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Geographically, Asia-Pacific (APAC) is the largest market for automotive clutches, owing to the largest share of automobiles being produced in the region. The growing urbanization in APAC, coupled with increasing disposable income of people, is boosting the demand for vehicles, which, in turn, is driving the growth of the automotive clutch market in the region.

The extensive use of hydraulic clutches in vehicles is a major trend observed in the automotive clutch market. The hydraulic clutch functions on a similar principle, as any other clutch works, but it has fewer components than its mechanical counterpart. This type of clutch comprises a reservoir filled with hydraulic fluid, and when the clutch pedal is pushed down, the fluid gets pressurized, which allows it to work with the clutch plate to detach the gear in use, and engage the new gear.

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Some of the key players operating in the global automotive clutch market are Magneti Marelli SpA, Allison Transmission Inc., BorgWarner Inc., Valeo SA, Aisin Seiki Co. Ltd., Schaeffler AG, ZF Friedrichshafen AG, Changchun Yidong Clutch Co., Dongfeng Motor Propeller Shaft Co. Ltd., and Guilin Fuda Co. Ltd.

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Healthcare Analytics Market by Type, Component, Application, Delivery Mode and Forecast by 2024

Governments’ initiatives to increase electronic medical record adoption, increasing healthcare information technology (HIT) capital investments, growing need to reduce healthcare expenditures and increase patient outcomes, and rising demand of big data in healthcare domain are the major factors driving the growth of the global healthcare analytics market.

Based on type, the healthcare analytics market is categorized into descriptive, predictive, prescriptive, and cognitive. The descriptive analytics category is expected to hold the largest share in the market; however, the prescriptive analytics category is expected to witness the fastest CAGR during the forecast period.

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Asia-Pacific (APAC), and Middle East and Africa (MEA). North America holds the largest market share as there has been an increase in adoption of electronic health record (EHR) in the U.S. and Canada. This has led to an increase in healthcare data, which in turn, will help the growth of the market. Moreover, strict legislations for the implementation of HIT, and presence of a large number of IT companies in the region are also playing significant role in the growth of the market. APAC is the fastest growing market for healthcare analytics. This is mainly due to increasing research and development (R&D) investments, and growing presence of international HIT players in the region.

Increasing investment and growing HIT in the healthcare analytics industry are the key factors propelling the growth of the market. Besides, increased technical advancements and awareness to use data analytics in healthcare sector, and increasing digitalization are also contributing to the growth of the market. For instance, new technologies, including machine learning and big data analytics are being used in order to efficiently analyze huge amount of data being generated by the healthcare sector.

The key players which dominate the global healthcare analytics market are International Business Machines (IBM) Corporation, Oracle Corporation, Verisk Analytics Inc., Cerner Corporation, McKinsey & Company, Koninklijke Philips N.V., SAS Institute Inc., Dell Technologies Inc., Napier Healthcare Solutions Pte. Ltd., Sisense Inc., Allscripts Healthcare Solutions Inc., NextHealth Technologies Inc., UnitedHealth Group, Oracle Corporation, SAP SE, SCIOInspire Corp., Tableau Software Inc., TIBCO Software Inc., Verscend Technologies Inc., VitreosHealth, and Wipro Limited.

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