Isopropanol Market – Uptake of Electronic- & Pharmaceutical-Grade Variants

Isopropanol has gained immense significance as an effective solvent across various industrial sectors in light of its complete miscibility in most of the solvents including water. Isopropanol has been deemed as an accurate solvent for compounds such as natural & epoxy resins, alkaloids, ethyl cellulose, and essential oils. Fast evaporating property of isopropanol that leaves zero oil traces, and its lower toxicity, coupled with the estimated future phase out of ethanol will continue to augur well for its market growth in the near future.

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On account of its miscibility in non-polar solvents, isopropanol has gained traction as an essential prerequisite for cleaning pores present in electronic components. The compound witnessed robust demand as a popular cleaner in the semiconductor and electronics industries, as it readily dissolves ionic flux residues, light organic contaminants, and dirt particles. Referred to rubbing alcohol, isopropanol is increasingly being used as a sterilizer and disinfectant in home applications.

Prospects of the isopropanol market will remain modest, as the industry matures and witnesses confinements in innovations & developments. A recent Fact.MR report estimates nearly 3750 thousand tons of isopropanol to be sold worldwide by 2028-end. The report states that Isopropanol market in North America and Europe represents a consolidated landscape, while in Asia-Pacific excluding Japan (APEJ) the market is ruled by small and medium-sized enterprises.

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Isopropanol forms an integral ingredient in the production of rubbing alcohol, disinfecting pads, and hand sanitizer. The compound also serves as an efficacious skin soother, and pain reliever. Banking on these attributes of isopropanol, pharmaceutical companies highly seek its pharmaceutical-grade variant for use as a solvent during the production of pharmaceutical products that comprise 67-70% isopropanol in water. In addition, isopropanol observes robust adoption in the DNA extraction process during research & development activities of the pharmaceutical industry.

Semiconductor- or electronic-grade isopropanol is sought-after for use as an exclusive cleaner and solvent in the industry. Demand for electronic-grade isopropanol has witnessed a significant surge, backed by the proliferation in semiconductor ICs and consumer electronics. Leading stakeholders are adopting capacity extension strategies to keep up with the rising demand. In 2017, Sumitomo Chemical commenced construction of new plant for production of high purity isopropanol in China.

Isopropanol witnessed a notable rise in domestic and spot prices in first quarter of 2017, on account of increasing costs of feedstock propylene. Amid broadening demand-supply gap, major isopropanol manufacturers that include LyondellBasell, Monument, Shell, and ExxonMobil independently raised their isopropanol costs, and the trend continued in 2018, with these stakeholders announcing a price hike of 5 cents/lb. Isopropanol industry’s future growth will be significantly affected from these price fluctuations. Additionally, growing crude oil costs driven by the prevailing oil crisis will continue to influence the expansion of the isopropanol market.

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Glyoxal Market – Demand to Increase as Chemical Industry Emphasizes on Sustainability

BASF SE is the front runner in the glyoxal market, with around 80 thousand metric tons of glyoxal annual output and over 30% of the glyoxal market revenues. The company is a prominent provider of glyoxal in the enhanced oil recovery application as well as in the gas industry. DowDuPont and Zhonglan Industry Co. Ltd are close competitors of BASF trying to broaden their consumer base and introduce novel blends with traditional excellence in chemical manufacturing to stand out in the market.

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Hubei Hongyuan Pharmaceutical Technology Co., Ltd. and Mitsubishi Chemical Corporation are other important competitors and with DowDuPont and Zhonglan Industry, the four companies collectively hold over 52% of the glyoxal market revenue share. Other leading players in the glyoxal market are Huntsman Corporation, Amzole India Pvt. Ltd. and Celanese Corporation who are also important contenders in the glyoxal marketplace.

Glyoxal’s use as a formaldehyde substitute in wood adhesive applications is known for a long time. A number of studies are underway to use glyoxal as an aldehyde substitute. Especially studies are in pipeline to develop glyoxal as a formalin or formaldehyde substitute. Formaldehyde finds extensive application in the production of industrial resins and is an important precursor to multiple chemicals and other materials. However, harmful effects of formaldehyde on human health are well studied and according to the US National Toxicology Program, formaldehyde is classified as a human carcinogen.

Studies have shown that glyoxal can be used as an alternative fixative to formaldehyde in super-resolution microscopy and immunostaining, and acid-free glyoxal can be used as a formalin substitute in tissue sample preservation. Also, one of the industry titan, BASF SE, is engaged in formulating a co-biocide using a blend of glyoxal and glutaraldehyde in disinfectants used in veterinary hygiene and the health industry. Identification of glyoxal as a potential substitute of formaldehyde and glutaraldehyde is likely to generate lucrative opportunities for glyoxal market in the future.

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Major investments in the chemical industry are aimed at developing chemical intermediates with higher biodegradability. Glyoxal is one of the important chemical intermediates used across niche industry verticals for its higher biodegradability. With the ongoing emphasis on sustainability across end-user industries, manufacturers in the glyoxal marketplace are actively engaged in introducing glyoxal compounds with higher sustainability grades.

Glyoxal provided by BASF SE is readily biodegradable and according to OECD 301C-E & 303A guideline, shows 90% decrease of dissolved organic carbon. Owing to its higher biodegradability, glyoxal is also accredited for its safe use in the food packaging industry. According to the research carried out at Max Planck Institute of Colloids and Interfaces, lignin which is used as a promising materials in sustainable energy storage devices are studied to achieve enhanced charging and electrode stability with the crosslinking of glyoxal.

Owing to its low moisture retention characteristics, application of glyoxal as a crosslinking agent is highly popular across end-use industries such as textiles, paper & pulp, oil & gas, leather, cosmetics and wood hardening. End-use industries continue to leverage benefits of glyoxal and consistent research and development activities ensure a promising future of the glyoxal marketplace with a number of innovative solutions already in the pipeline.

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Magnesium Nitrate Hexahydrate Market – High Adoption as Additives, Trailed by Use in Explosives Manufacturing

Magnesium nitrate hexahydrate continues to witness a significant surge in demand in light of its robust adoption as an efficacious dehydrating, oxidizing, and stabilizing agent across various industrial sectors. Its effectiveness in fertilizer production, particularly nitrogen fertilizers, has been expected to pose a proliferative impact on growth of the magnesium nitrate hexahydrate market. Additionally, explosives and fireworks production involves extensive use of magnesium nitrate hexahydrate as a dehydrating agent as well as a catalyst.

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However, given the increasing concerns with regard to environmental protection policies that aim at curtailing pollution levels, regulatory bodies have imposed a ban on the use of fireworks. This is expected to keep growth of the magnesium nitrate hexahydrate market in check. Nevertheless, remarkable adoption of magnesium nitrate hexahydrate in the petrochemical industry will offset the confined market growth prospects against the backdrop of fireworks’ prohibition.

Fact.MR has recently published a study that prognosticates the magnesium nitrate hexahydrate market to showcase a modest rise during the forecast period (2018-2028). The study has envisioned the synthetic process used for manufacturing of magnesium nitrate hexahydrate to account for significantly larger market share than the nitromagnesite process. However, revenues from nitromagnesite are set to grow at a comparatively higher rate through 2028.

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Magnesium nitrate hexahydrate seeks extensive employment as soil additives, food & feed additives and specialty chemical additives, in light of its effective functionalities including solubilizing and oxidizing. Leading stakeholders in the magnesium nitrate hexahydrate market have gained prominence in processing & supplying this high-in-demand chemical. The property of magnesium nitrate hexahydrate to build chlorophyll in trees and plants has significantly led its adoption as an effective soil additive for promoting the vegetable crop growth.

Growth of the magnesium nitrate hexahydrate market will be led by adoption of the chemical as additives, followed by its robust employment in manufacturing explosives. Widely demanded for use in combination with other magnesium salts, magnesium nitrate hexahydrate is formulated under strict supervision. Prominent companies in the magnesium nitrate hexahydrate market are offering this increasingly essential chemical at reasonable prices to retain their position in this highly competitive market.

Magnesium nitrate hexahydrate has been capaciously utilized as a catalyst and a dehydrating agent in the production of explosives. With widespread adoption of explosives in the military, construction, and mining industry, coupled with growing mining activities worldwide, growth of the magnesium nitrate hexahydrate market will remain sustained in the near future. Additionally, robust expenditure in the defense sector, which has proliferated the use of explosives, will continue to underpin expansion of the magnesium nitrate hexahydrate market.

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L-Hydroxyphenylalanine Market is Projected to Expand at a Steady CAGR of 3.5% in Terms of Value throughout the Period of Assessment, 2018-2028

Preference for L-hydroxyphenylalanine as an energy facilitating ingredient in supplements, it being a part of the amino acid family, has remained instrumental in driving the growth of the L-hydroxyphenylalanine market. Moreover prevalence of metabolic disorders and chronic diseases such as Alzheimer’s disease and Parkinson’s disease is expected to create growth opportunities with respect to use of L-hydroxyphenylalanine owing to its efficient adjuvant properties. In addition, studies conducted on L-hydroxyphenylalanine reveal that this aromatic amino acid reflects effective anti-ageing properties that facilitates cell rejuvenation and regulation of melanin content in the skin. Furthermore, potential of L-hydroxyphenylalanine in developing anti-cancer target drugs, by leveraging the link between mitochondrial function and production of melanin in cancerous skin cells, is likely to pave new growth opportunities for the L-hydroxyphenylalanine market in the near future.

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In a new study compiled by Fact.MR, the growth prospects for L-hydroxyphenylalanine are likely to remain positive throughout the period of forecast. According to the report, the L-hydroxyphenylalanine market is projected to expand at a steady CAGR of 3.5% in terms of value throughout the period of assessment, 2018-2028. In addition, the report reveals that the growth of L-hydroxyphenylalanine market continues to sprint in North America and Asia Pacific excluding Japan (APEJ) region in the coming years on accord of increasing use of the ingredient in cosmetic products in APEJ and as a potential adjuvant in treating cancer in the United States.

L-hydroxyphenylalanine has gained significant traction as a vital ingredient in muscle enhancing supplements used by professionals and amateurs in the fitness space. In addition use of L-hydroxyphenylalanine in protein supplements is directed towards treatment of an inherited disorder – PKU (phenylketonuria) – that results in disoriented phenylalanine processing which translates into an obstruction for production of tyrosine that facilitates muscle growth. This fact has propelled the use of L-hydroxyphenylalanine in supplements facilitating muscle growth. This aspect coupled with increasing number of individuals participating in health and fitness activities is expected to considerably boost the demand for L-hydroxyphenylalanine in the coming years.

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According to IHRSA (International Health Racquet and Sportsclub Association), health club sector witnessed a major boost in the past years and has maintained its status quo in 2017 and is anticipated to further increase in 2018. In addition, the International Health Racquet and Sportsclub Association also revealed that the global valuation of the fitness industry was US$ 83.1 billion in 2017 which indicates increasing participation of people in health activities. This factor is expected to fuel the demand and adoption of L-hydroxyphenylalanine in supplements during the forecast period, in turn pushing he growth of the L-hydroxyphenylalanine market.

A cohort of opportunities lie in the cosmetics industry as L-hydroxyphenylalanine reflects high potential in skin rejuvenation and protection against UV light, making it a vital element in various cosmetic creams and anti-ageing products. Studies have revealed that L-hydroxyphenylalanine in the amino acid family averts wrinkling by reducing the damage caused by UV rays on the skin’s connective tissue composed of elastin fibers and collagen. In addition to anti-UV benefit, L-hydroxyphenylalanine facilitates skin cell development to fight against natural ageing. As brain ages, it suffers reduction in cognitive ability that results in oxidative stress and production of free radicals that speeds up natural ageing.

L-hydroxyphenylalanine enables a higher percentage of melanin production in skin layers consequently supporting skin color and decreasing wrinkles. Recognizing this potential of L-hydroxyphenylalanine, manufacturers of cosmetic products such as anti-ageing creams have initiated the development of skin care products with L-hydroxyphenylalanine. This aspect coupled with a significant increase in the prevalence of anti-ageing, particularly across Japan, and other Latin American countries, is expected to spur the demand for L-hydroxyphenylalanine worldwide, in turn sketching new opportunities for growth of L-hydroxyphenylalanine market during the period of forecast.

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Foliar Fertilizer Market – Benefiting from Broader Focus on Increasing Yield Per Hectare

Foliar fertilizer remains an intensely fragmented landscape. In spite of the high level of fragmentation, the top three players have continued to hold onto their revenue shares. These three companies include Israel Chemicals Ltd., Helena Agri-Enterprises LLC, and Yara International ASA. Collectively, these three companies account for over 18% revenue share of the global foliar fertilizer market.

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Israel Chemicals Ltd., has benefited owing to its strategic location serving both emerging and developed markets. Moreover, the company operates from two ports (Port of Ashdod and Port of Eilat) that offers low plant gate-to-port cost. This also facilitates proximity to the target market along with shorter lead time.

Yara International ASA is focusing on diversifying across key regional markets. For instance, it launched a liquid fertilizer plant in Malmesbury to leverage its lucrativeness as a key agri exporter in South Africa. Yara International is also focusing on launching Yara Improvement Program in a bid to enhance its EBITDA in the forthcoming years.

Helena Agri-Enterprises LLC is focused on diversifying its product portfolio and reinforce its global presence. Recently, it introduced four new products in its foliar fertilizer product lineup, viz., Ele-Max Sulfur LC, N-Fixx XLR, Antares Prime and Sultrus.

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Multi-pronged advantage of foliar fertilizers are expected to fuel their demand in agriculture and farming sector. In addition to efficient nutrient absorption and crop yield, foliar fertilizers provide higher resistance to insects and pests owing to the presence of various hormones such as gibberellins, cytokinins and auxins. In addition, foliar fertilizer also acts as an effective soil conditioner and enhances the water holding capacity of the soil in turn facilitating the balance restoration of the microorganism populace. Use of foliar fertilizer eliminates nutrient limitations in adverse soil conditions and is considered as an additional supplement boosting crop health. On account of these factors, agriculturists recommend the use of foliar fertilizer in conjunction with granular fertilizers to achieve favorable results.

The growing demand for agricultural products on the back of rising population rates and per capita consumption has presented potential avenues for the use of novel agricultural techniques such as foliar fertilization. According to analysis carried out by Food and Agriculture Organization (FAO) of the United Nations, kilocalorie demand per person is likely to reach 3050 kcal. In addition to this, global population is expected to touch 8.3 billion by 2030. Momentous growth in population is expected to increase the demand for agricultural commodities, in turn, creating an urgency to enhance the agricultural produce using nutrition enhancement with foliar fertilizer. This is likely to spur the demand for foliar fertilization, consequently pushing the sales of foliar fertilizer.

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Polythiols Market is Estimated to Record a CAGR of About 4.0% through 2029

The polythiols market is forecast to witness a lower single digit growth rate in the coming years, as indicated by a recent intelligence study of Fact.MR. The report opines that polythiols sales will be sustained by continued demand for epoxy curing agents and expansion of end-use industries.

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Polythiols have been the key thiochemicals with wide applicability in animal feed sector, oil & gas industry, and paints & coatings industry. However, application of polythiols in curing of epoxy resins and chain transfer reactions will remain key contributors to revenue growth of the polythiols market. Sealants currently account for over 45% of demand for polythiols and will remain the key consumer category in polythiols market.

Accounting for over 2/5th of the global polythiols market revenues, East Asia continues to be a lucrative market for stakeholders. Expansion of construction, automotive, and semiconductor industries across the region, particularly in China, Japan, and South Korea, is likely to establish a firm base for sustained adoption of polythiols within the region. While China and India have been high growth markets for construction industry, the smart city initiatives further point to a relatively optimistic outlook of polythiols in the forthcoming years.

One of the raw materials used in manuafcturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likley to witness considerably increasing demand owing to attributes, such as less viscosity, reduced gel time, and superior reactivity at lower temperatures. Several manufacturers of polythiols, Arkema being one of the first movers, are preferring DMDO as it allows for generation of new polythiols without ester groups, which is accountable for water resistant abilities of end products.

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In the backdrop of considerably high emission of volatile organic compounds (VOCs) during the production of epoxy resins, manufacturers are embracing the mass shift to bio-based raw materials that can assist a potentially sustainable production of epoxy curing agents. In line with tightening regulatory framework in favor of adopting eco-friendly production process for epoxy curing agents, bio-based raw materials, such as natural polythiols are highly likely to see a heap of new opportunities in market over the course of coming years.

The epoxy curing agents landscape is accelerating its shift to bio-based agents, which is being perceived as a profitable innovation opportunity for stakeholders in the polythiols market. The growth of market will however continue to be restricted by sustained end-use preference to superior alternatives of polythiols. While a majority of the demand for thiochemicals is generated for applications in adhesives, sealants, coatings, animal feed, the report also highlights sustained demand for oil and gas industry related applications. To align the thiochemicals supply with rising demand from various end-use industries, manufacturers operating in thiochemicals industry have been strategizing on production capacity expansion.

For instance, in 2018, Arkema announced the expansion of its thiochemicals production facility based in its Texas plant. The expansion project specifically targets the increasing demand for liner mercaptans from the electronics and transportation industries. The overall production capacity of Arkema’s newly expanded plants is claimed to be upped by 30%. Earlier, in 2017, Chevron Phillips Chemical Company LLC had also expanded the capacity of its Belgium-based plant by debottlenecking theproduction units of ethyl mercaptan (EM) and tetrahydrothiophene (THT). Additionally, key companies participating in the polythiols industry landscape are relying on strategic mergers, acquisitions, and collaborations for a firmer footprint in global market.

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Automotive Relay Market – Inadaptability in Embracing New Technologies to Pose Major Challenges in the Market

While persistent diversification of electric automotive parts has become a necessity, the demand for more number of highly-efficient relays in automotive relay market is revving up. From the standpoint of safety, relays are being heavily relied upon by a substantial margin, thereby posing striking opportunities in automotive relay market. Components equipped with exclusive characteristics such as low noise, latching, and ultra-miniaturization have attained prominence in the automotive relay market. The aforementioned demand is for the sake of providing switching technology keeping up with the latest electronic functions in a car.

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Going forward, the average count of relays installed per vehicle is foreseen to reach new heights on the backdrop of increased concerns for safety, thereby driving the automotive relay market. Moreover, rising call for sophisticated electronics equipment for flawless performance is one of the preeminent factors pushing growth of automotive relay market. Thriving developments in PCB relays to bring down the vehicular weight and bolster the fuel efficiency is anticipated to provide a stimulus to growth of automotive relay market

The cognizance regarding shift to latest technologies among vehicle suppliers and OEM’s is believed to arise soon. Meteoric inventions such as FCEV and BEV have been introduced, yet manufacturers in automotive relay market are reluctant to consider these to keep up with the new age requirements. This reluctance of key industry participants of automotive relay market to embrace the new technologies might limit growth of automotive relay market. Having said that, incorporating microprocessors in relays has been emerged as a latest trend influencing the automotive relay market. Microprocessor based numerical relay is another rapidly evolving type in the automotive relay market, which facilitates flawless communication. Such product innovations need to be leveraged by manufacturers in automotive relay market to attract a larger customer base.

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The research report on “Automotive Relay Market’ published by Fact.MR for the forecast period of 2017-2022 incorporates a holistic assessment of automotive relay market projecting thoughtful insights, facts, and figures validated by industry experts of automotive relay market. It also contains statistics and rationalities of automotive relay market by making use of a set of relevant and robust methodologies. The research report provides a futuristic analysis of automotive relay market as per various categories such as market segments, regions, types, technologies, and applications.

The current ecosystem of automotive relay market is witnessing an exceptional competition among the key industry participants for attaining domination in automotive relay market. This has led to surging consolidation through initiatives such as alliances and acquisitions in the automotive relay market. Some of the major players operating in automotive relay market and included in this report are Delphi Automotive, HELLA KGaA Hueck & Co.., Eaton Corporation PLC., TE Connectivity Ltd., Panasonic Corporation, Denso Corporation, Fujitsu Limited, and Infineon Technologies AG.

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Automotive Antifreeze Market – Propylene Glycol-based Antifreeze Remains Highly Preferred

Antifreeze poisoning is one of the well-known adverse health effects of automotive antifreeze. Apart from its toxic influence on small animals, prolonged exposure of automotive antifreeze has been suggested to cause poisoning in humans. On the other hand, automotive antifreeze causes potential harm to the environment in terms of polluting different water resources. In light of this, governments in various countries have taken disciplinary actions to offset the harmful effects of the automotive antifreeze on the environment.

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In a bid to meet the standards put forth by various government bodies have pushed manufacturers to incorporate bio-based antifreeze in different lubricant formulations. Owing to the environment-friendly and biodegradable nature of bio-based automotive antifreeze, consumer demand for these sustainable antifreeze solutions is likely to rise in the coming years.

Owing to its higher compatibility, low-cost and non-toxicity, propylene glycol is highly sought after by automotive antifreeze manufacturers. In the traditionally used green, yellow and blue antifreeze, propylene glycol is the major component used in the cooling system based on inorganic acid technology. Adoption of inorganic acid technology remains at the helm of the demand, in turn, driving the demand for propylene glycol-based antifreeze. While ethylene glycol is also another chemical highly sought after by automakers, associated stringent regulatory framework, the high cost of handling and storage, corrosive properties and toxicity of ethylene glycol has significantly shifted manufacturers’ preference towards propylene glycol-based antifreeze products. In addition, developments in the processing technologies and favorable regulatory framework in terms of substitution of toxic compounds are further propelling the demand for propylene glycol-based automotive antifreeze.

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The inception of high-performance lubrication can be tracked to the changing environmental regulations with regard to reducing carbon footprints of vehicles that demanded high-performance lubricants to enhance the fuel efficiency of the vehicle. Automotive antifreeze is added in the high-performance lubricants to protect the lubricants from freezing. Moreover, vehicle owners actively seek engine maintenance to increase the durability of engine operations and, in turn, that of the overall vehicle. This has further propelled the demand for high-quality automotive antifreeze products. To meet the growing demand for efficient automotive antifreeze in high-performance vehicles, key stakeholders in the automotive antifreeze market have been observed to adopt expansion and new product launch strategies to maintain the market sustainability.

A report published by Fact.MR on “Automotive Antifreeze Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” delivers the most viable market performance during the forecast period 2017 – 2022. Considering the various facets of the market, the comprehensive insights covered in the report provide the readers with an all-inclusive market scenario.

The automotive antifreeze market report includes information with respect to product type including ethylene glycol, propylene glycol and glycerin. In addition, the market is also evaluated by considering different vehicle types including PC, LCV and HCV as well as by sales channel including aftermarket and OEM. A thorough analysis of the historical data, current market scenario and future market projections in the automotive antifreeze market are also included in the report.

Report Customization can be done at: https://www.factmr.com/connectus/sample?flag=RC&rep_id=19

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Dublin 2, Ireland
Tel: +353-1-4434-232
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Automotive Gesture Recognition Market: Vehicle Electrification and Autonomous Driving Trends to Present Lucrative Opportunity for the Market

Automotive manufacturers, particularly carmakers, are offering a plethora of infotainment and other electronic features that can be manipulated by driver and passengers. However, increasing number of functionality features inside the vehicle holds the potential risk of driver distraction. Studies have observed that among the causes of driver distraction, visual and manual distractions are at the helm. As manufacturers and product development engineers are engaged in developing functionality features with least driver distraction, the gesture detection systems based on different sensors and 3D tracking technology continue to fail in achieving the highest efficiency. Disruptive innovations are being introduced in the automotive gesture recognition market that focus on reducing driver distraction and enhancing comfort and control of the driver at an affordable cost. Innovations as such are likely to influence the growth trajectory of the automotive gesture recognition market in the coming years.

Report Summary of the Report: https://www.factmr.com/report/20/automotive-gesture-recognition-market

The dominance of the touch-based gesture recognition systems in the automotive gesture recognition market against the backdrop of a prominent end-user sentiment for touch-based technologies. While over 80% of the global market shares in 2017 were captured by touch-based gesture recognition segment, touchless systems have entered the market witnessing a considerably rising consumer confidence and are expected to witness an optimistic market outlook during the forecast period and beyond. However, adoption of touchless automotive gesture recognition system in the simple operations increases complexity and is likely to face the challenge of restricted adoption as compared to touch-based systems.

To align with the rising awareness regarding driver safety and growing consumer demand for safety features, automakers are actively engaged in ways to install multiple safety features in the automobiles that ensure safety without affecting the interior design of automobiles. Owing to technological advancements, implementation of sensor-based electronic devices in automobiles has amplified in the past decade. On the same lines, the human-machine interface (HMI) in the form of gesture recognition is being installed in automobiles at a higher rate. Further, with the increasing government regulations for driver safety, the trend of installation of the functional safety features has been propelled, in turn, expected to drive the automotive gesture recognition market at an exponential rate in the coming years.

Get the Sample PDF of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=20

Electrification of the automotive industry has introduced autonomous and electric vehicles that are the highest consumer of electronic devices. Autonomous vehicles, in particular, present the epitome of electronic device operations where the vehicle is guided by sensors and assisting systems providing minimum human intervention. Sensor-based automotive gesture recognition technology is likely to be installed in the increasing numbers of electric and autonomous vehicles. Growing importance of driver safety and ongoing electrification of the automotive industry is set to present new opportunities for the automotive gesture recognition market.  

Fact.MR’s new report analyzes the automotive gesture recognition market performance on the global stage during the forecast period of 2012 – 2022. The report provides a thorough analysis and valuable insights into the automotive gesture recognition market that provides the readers with an all-inclusive scenario of the market. Considering various facets of the market, the market study focuses on important segments including product types of the automotive gesture recognition market including touch-based systems and touchless systems. The report elaborates other segments on the basis of recognition types including hand/fingerprint, vision/iris and facial; based on application types including multimedia/navigation/infotainment, lighting systems, and door/window opening and based on vehicle type passenger car (PC), light commercial vehicle (LCH) and heavy commercial vehicle (HCV) of the automotive gesture recognition market. An exhaustive research study backed by historical data, current market size and future market projections delivers the most credible market forecast of the automotive gesture recognition market.

Report Customization can be done at: https://www.factmr.com/connectus/sample?flag=RC&rep_id=20

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593 
Email: sales@factmr.com
Blog: https://theheraldmedia.com/

Automotive Radar Market Revenue is Predicted to Reach the Value Beyond US$ 7 Bn over 2017-2022

Surpassing smart radar, beam forming, and artificial intelligence (AI), the industry is witnessing a shift to the new generation of radar platform, which is foreseen to offer a strong push to the autonomous driving space. While LIDAR (Light Imaging Detection and Ranging) and cameras secure a significant place in the automotive mechanism, automotive radar has been superior due to the exclusive capability of functioning for long-range object detection even in inclement climatic conditions and unfavorable road infrastructure – where all other technology counterparts tend to blind. Expert opinions highlight critical importance of the next-generation of smart radar sensors in an effort to achieve automotive autonomy of level 4 and level 5, as these sensors function for high resolution and can potentially perform detection, recognition, tracking, and classifying objects in the vicinity.

Report Summary of the Report: https://www.factmr.com/report/23/automotive-radar-market

Automotive radar technology is predominantly deployed to help drivers make efficient decisions during the course of travel and transportation. In the wake of tremendously growing rate of road accidents, casualties, and fatalities worldwide, a majority of governments have been imposing regulatory initiatives targeting reduced road fatality rate, encouraging active adoption of automotive radar over the recent past. Europe has been the key market for automotive radar technology implementation and will continue to represent the safest roads in the near future – owing to stringent legislations and regulatory standards set by the EU regarding on-road vehicle safety. Leading manufacturers are focusing on introducing auto models with different ranges of automotive radar.

The global automotive radar market holds impressive growth prospects in the foreseeable future and the roughly US$ 2 Bn automotive radar market revenue is predicted to reach the value beyond US$ 7 Bn over 2017-2022. Prominently driven by automotive and automotive radar manufacturers to adopt technology innovations for greater road safety, the global market for automotive radar is expected to gain a major boost by several initiatives by governments across the globe. The report examines the global automotive radar market within a five-year projection period 2017-2022, with an objective to deliver a set of precise yet exhaustive insights on the current as well as futuristic performance of the global automotive radar space.

Get the Sample PDF of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=23

Automotive radar is a breakthrough technology innovation that provides vehicles with an object detection system that helps detection of objects, other vehicles, and pedestrians in the vicinity of on-road vehicles. As the name suggests, automotive radar (Radio Detection and Ranging) uses radio waves for object detection, which has been valuable in designing of semi-automated, assisted-driving, self-driving, and conditionally automated vehicles functioning within different frequency ranges.

Delphi Automotive PLC, Continental AG, Infineon Technologies AG, Robert Bosch GmbH, Analog Devices, Inc, Denso Corporation, NXP Semiconductors N.V., Hella KGaA Hueck & Co., Texas Instruments, Inc., ZF Friedrichshafen AG, and Autoliv, Inc. constitute some of the top ranking participants in the global competitive landscape of automotive radar market. The report on global automotive radar market renders valued insights on the industry positioning and strategy development of some of the leading players in the global market for automotive radar.

Report Customization can be done at: https://www.factmr.com/connectus/sample?flag=RC&rep_id=23

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593 
Email: sales@factmr.com
Blog: https://theheraldmedia.com/

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