High-Brightness LED Market Size and Forecast by Application

30 November 2018, The global High-Brightness LED Market size to reach USD 27.28 billion by 2024 and is driven by the rise in the consumer need for resource efficient and low energy lighting solutions. The market was dominated by North America and Asia Pacific together accounting for 62% of the revenue share in 2016.


High-Brightness (HB) LED Market

High-brightness LEDs are semiconductor-based devices which exhibit superior luminosity as compared to traditional LEDs due to the higher current levels and power dissipation. Increasing trend of providing more brightness to improve clarity is expected to augment the growth of the market over the projected period.

Increasing demand for HB LEDs in numerous application segments including automotive, television, smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as lower power consumption and superior brightness for residential as well as commercial applications are expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for 56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period. Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years.

Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.

As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide.


Automotive Sunroof Market Analysis, Competitive Strategies and Forecasts, 2016 to 2024

30 November 2018, The worldwide Automotive Sunroof Market was valued at around USD 4.70 billion in 2014. The industry is expected to grow at nearly 10% CAGR and surpass USD 9 billion from 2016 to 2024 (forecast period). The use of smart glass in vehicles is anticipated to impel industry growth in the coming years. Rising vehicle owners and worldwide population have contributed to added market sales. Growing popularity of automotive sunroofs has also contributed to overall demand. Furthermore, the after-sales trend in the Asia Pacific region has furthered market growth.

Consumers expect more comfort in their cars, with such a roofing system. They opt for sunroofs & other luxurious features for their economy-class vehicles. Around half of all new cars sold will be fitted with sunroof systems in the years to come. These would include convertibles, full glass sliding, and retractable hardtops. Alternate fuel vehicles may encourage car manufacturers to make ‘built-in solar cell’ sunroofs, powering vehicles. Technological developments in solar roofs for EVs (Electric Vehicles) can propel the global Automotive Sunroof Market in the forecast period.

The Automotive Sunroof Market is divided into applications, products, and geographies. Products include fabric and glass. It is expected that the glass segment may continue to dominate the global market from 2016 to 2024. Glass is further divided into pop-up, inbuilt, spoiler or tilt & slide, top mount, and panoramic. The panoramic or the vista roof segment can grow at a CAGR exceeding 15% in the forthcoming years. Greater preference for bigger sunroofs contributes to its demand.

Fabric sunroofs include foldable or rag-tops and removable sunroofs. The fabric sunroof industry in Europe and North America is mainly driven by demand for foldable sunroofs. Most vehicle manufacturers provide either inbuilt or optional systems, in their mid to premium range of cars. The inbuilt glass car sunroof industry contributed to more than 40% of the total market shares in 2014. This industry may expand at over 7% CAGR till 2024. Increasing aftermarket & factory-installed product demand could stimulate the Automotive Sunroof Market.


On the basis of applications, the industry is divided into hatchback, premium cars, sedan cars, and others. The premium cars segment is popular in regions, like India, South Korea, China, and Thailand. Rising demand for luxury cars in these markets is attributed to rising disposable incomes.

Geographies in the global Automotive Sunroof Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). North America and Europe may exhibit significant growth from 2016 to 2024. The Europe sunroof industry was estimated at around USD 1.7 billion in 2014. It is projected to grow at nearly 9.5% CAGR in the coming years. A key factor driving this market is the demand for luxury vehicles in the U.K. and Germany.

The Asia Pacific sunroof market can witness a growth of over 11% CAGR till 2024. Emerging automotive manufacturing hubs in countries, like India, China, and Japan can contribute to the demand in this region.

Key players in the global Automotive Sunroof Market are Webasto, Inalfa Roof Systems, Johnan America Incorporated, Mitsuba Corp, and Inteva Products. Partnerships, new product development, and research & development, are the main business expansion strategies adopted by these companies.


Biosimilars Market Forecast, Trend, and Analysis, 2014 - 2024

29 November 2018, The global Biosimilars Market is expected to reach USD 13.1 billion by 2024 on account of increase in the prevalence of chronic diseases such as cancer, diabetics, cardiac disorders and autoimmune diseases. Rising demand for the cost-effective therapies is expected to drive the market in the forecast period. Biosimilars are about 30% cheaper than their counterpart biologics. Furthermore, the patent expiry of the blockbuster drugs is anticipated to provide a lucrative opportunity for the growth of biosimilars. For instance, a patent for Bevacizumab, sold under the trade name Avastin is expiring in 2019.

Moreover, increasing government initiatives, speedy drug approvals and reimbursement policies are expected to boost the market for the biosimilars in the study period. Also, market giants are adopting merger & acquisition strategies to increase their product portfolio. For instance, in 2015, Pfizer, Inc. acquired Hospira, a key player in biosimilars market.

Global biosimilars market revenue, 2014 - 2024 (USD Billion)

In 2016, oncology was the largest segment, accounting for 32% market share. Increasing prevalence of cancer across the globe is the key factor driving the growth of the market over the forecast period. For instance, according to the American Cancer Society, an estimated 1.6 lakh people suffered from cancer in 2016. Also, increasing government initiatives to provide cost effective treatment to cure deadly diseases will boost the penetration of biosimilar in developing countries which in turn will increase the market for biosimilar over the forecast period. For instance, WHO launched a pilot program for prequalifying biosimilar drug, making some of the most expensive treatments for cancer more widely available in developing countries. Under this initiative, WHO has focused on two essential drug rituximab (principally used for the treatment of non-Hodgkin's lymphoma and chronic lymphocytic leukaemia), and trastuzumab (for the treatment of breast cancer).

In terms of region, Europe dominates the market for biosimilars followed by North America. The dominance of Europe is due speedy approval of the drug by European regulatory bodies. Furthermore, improving healthcare infrastructure and ageing population is expected to drive the market over the forecast period. However, Asia Pacific is projected to be the fastest growing region owing to the increasing disposable income of middle-class families, growing medical tourism and improving healthcare infrastructure. Furthermore, increasing investment in R&D activities by pharmaceutical giants is expected to boost the market in the projected period.


Hexa Research has segmented the global biosimilars market based on indication and region:

Segmentation by indication, 2014 - 2024 (USD Million)
• Blood Disorders
• Oncology
• Chronic & Autoimmune Diseases
• Others

Segmentation by region, 2014 - 2024 (USD Million)
• North America
    • U.S.
• Europe
    • Germany
• Asia Pacific
    • China
    • India
    • Japan
• Rest of the world

Key players analyzed:
• Dr. Reddy’s Laboratories Ltd
• Mylan
• Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
• Pfizer Inc.
• Sandoz International GmbH
• Teva Pharmaceuticals Industries Ltd.
• Amgen Inc.
• STADA Arzneimittel AG
• Biocon
• F. Hoffmann-La Roche Ltd.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/healthcare-industry

Automotive Relay Market Analysis by Product and Application - 2020

29 November 2018, Global Automotive Relay Market is anticipated to reach USD 12 billion by 2020, as per a new research report by Hexa research. Rising need for high-frequency signals in automotive industry is expected to drive demand. These relays enhance driving experience and provide greater safety for consumers. Escalating adoption rate of sophisticated electronic equipment coupled straight government initiatives regarding safety is likely to favor automotive relay market growth prospects. However, lack of standardization in components is likely to challenge industry participants.

PCB replay was the leading product segment and was valued USD 5,500 million in 2013. It is expected to gain significant market share and reach USD 8,500 million at a CAGR of 6% from 2014 to 2020. Miniaturization of electromechanical relays is likely to promote its demand. Plug-in relays were the second largest product segment and accounted for over 32% share of the overall revenue in 2013. Increasing usage of electronic control modules along with electronic components are factors responsible for demand growth.


Key report insights suggest:

- Global automotive relay market was valued USD 8,372.0 million in 2013 and is likely to reach USD 12,584.5 million by 2020 growing with an estimated CAGR of 6.2% from 2014 to 2020.

- Global demand in convenience was USD 885.4 million in 2013 which is expected to reach USD 1,255.8 million by 2020, growing at a CAGR of 5.3% from 2014 to 2020. Driver information is projected to be fastest growing application segment and accounted for 5% of the industry share in 2014 growing at an estimated CAGR of 6.7 % from 2014 to 2020. Increasing communication coupled with smartphone proliferation is expected to be the key driving force for the growth.

- Asia Pacific dominated the regional demand with an estimated market share of 50% in 2013. This region is also expected to be the fastest growing region, growing at a CAGR of 7% from 2014 to 2020. Availability of raw materials and low labor costs are driving factors for the region. Europe is the second largest regional segment and is expected to reach USD 2,733.3 by 2020.

- China is the largest contributor for automated relay market growing at a CAGR of 6.5 over the forecast period. India is expected to be the fastest growing region owing to increasing disposable.


Bearings Market Size Expected to Surpass $110 Million by 2024

28 November 2018, The Bearings Market is primarily driven by process industries and their need to conserve energy. It is projected to generate more than USD 110 million in revenue by 2024. Technological advances and demand from oil & gas, automotive, and construction industries will lead to market growth. The fluctuating prices of steel pose a challenge for the market.

The worldwide market is segmented according to products, applications, and regions. Products encompass ball bearings, roller bearings, and others. Tapered and split bearings are 2 types of roller bearings. ‘Others’ consist of thrust, angular contact, and self-aligning ball bearings.

Bearings Market

Ball bearings are predicted to lead the bearings market over the forecast period (2016-2024) due to its ability to reduce friction between different machine components. Deep groove bearings are simple in design and used in radial loads. They are estimated to garner huge growth in the next six years on account of being low-maintenance. Split roller bearings are used in shafts and other hard to reach locations.

Electronics, agriculture equipment & machinery, mining & construction equipment, railway & aerospace, and automotive constitute as major market applications. Demand for automotive components will trigger market demand over the next six years. Railway & aerospace sector will experience a similar growth rate on account of increasing dependency by the normal public to use these transportation modes to commute.


Regions covered under the market are North America, Latin America, Asia Pacific, MEA (Middle East & Africa), and Europe. Asia Pacific reigned over the bearings market in 2015 owing to infrastructural projects and rapid industrialization. The market will gain major demand from Western Europe, the U.S., and Japan; due to these countries adopting the latest technologies.

The market is highly competitive in nature. Timken, SKF, NTN Corporation, Schaeffler Group, and NSK Global are some of the top players operating in the bearings market. They are primarily targeting applications in which engineering and manufacturing processes give them an edge over their competition.

Companies are also investing in technology based on recent trends like wind energy. Bearings used in wind turbines will see a development creating new avenues for the market.



Gesture Recognition Market Analysis by Technology and Application

28 November 2018, The global Gesture Recognition Market to reach USD 21.10 billion by 2024, driven by an increasing demand for automation to provide the convenience of use to the consumer. Other attributes such as seamless use, user-friendly interface and high accuracy are anticipated to propel the growth of the market over the projected period.

North America was the largest market for gesture recognition due to the presence of a large-scale gaming sector. High demand for the latest innovations in digitalized electronics is anticipated to drive the growth. However, countries such as China, India and Japan are likely to drive the Asia Pacific industry growth at a CAGR of 32% over the projected period.


Global Gesture Recognition

Conventional technologies such as 2D are fast being replaced by 3D in numerous consumer applications such as televisions, gaming consoles and laptops. The availability of a large number of games with virtual & augmented reality is expected to propel the growth of the market. Gaming consoles accounted for over 50% of the market share, and this trend is expected to continue over the next few years.
Gaming apps for sports and dating are expected to witness the highest growth on account of their ability to provide consumers with a real-life experience due to complete body movement mapped with skeletal models. Apps such as Tinder and Pokemon Go have gained tremendous popularity since their launch, and this trend is expected to continue over the projected period.

Increasing integration of gesture recognition with augmented reality is poised to drive market growth over the expected period. Moreover, expanding application scope in automotive & healthcare sectors is likely to propel the growth of the gesture sensing industry. For instance, in May 2017, Skoda launched Karoq which boasts of various features that are controlled by gesture recognition.

Companies such as Intel, Microsoft, Samsung, Sony and SoftKinetic are some the key players in the global touchless sensing industry. Some of these players including Samsung and Sony are incorporating the gesture recognition software in their products such as mobile phones and televisions.

The global market is anticipated to witness growth over the projected period on account of rising consumer demand for consumer electronics. High disposable income of consumers coupled with frequent launches of advanced electronics is likely to fuel the growth of the market over the projected period.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/electronic-devices-industry

Corrosion Inhibitors Market Competitive Strategies and Forecasts

27 November 2018, The global Corrosion Inhibitors Market size is anticipated to grow beyond USD 8 billion by 2024 on account of the growing metal processing, construction, and power generation sectors. Corrosion inhibitors have gained popularity in the last few years as they provide reduced maintenance costs and enhanced equipment service life. The growing applications in power generation, water treatment, refining, mining, and construction industries are expected to augment the product demands during the forecast period (from 2016 to 2024). However, the ill-effects of conventional inhibitors on the plant, marine, and human biology coupled with the rising disposal issues are likely to hamper the industry growth.

The global market is categorized as end-uses, products, applications, and regions. The end-use sector includes oil & gas, power generation, pulp & paper, metal processing, and chemical processing. Power generation was the dominant sector in 2015. It is further expected to grow due to the increasing government investments for various power generation projects in order to fulfill the rising energy needs. Oil & gas is estimated to become the fastest-growing sector.


The product sector of the corrosion inhibitors market involves organic and inorganic inhibitors. The organic inhibitors sector is projected to experience rapid revenue growth with a CAGR of over 6 % over the next eight years. The inorganic inhibitors sector is also said to witness increased demands on account of the favorable ecological regulations on these inhibitors in the United States, United Kingdom, and Germany.

The applications sector comprises oil-based and water-based applications. The water-based sector is anticipated to experience fast growth, specifically in water treatment sector, as a result of lower emissions of Volatile Organic Content (VOC) as compared to the solvent-based applications. The oil-based applications are likely to witness slow growth due to their limited application base, safety hazards, and high flammability. However, steady performance of oil-based inhibitors is projected to boost the demands in the near future.

The North American market will have lucrative growth with a CAGR of over 5 % from 2016 to 2024. The Middle East & Africa is anticipated to grow significantly due to the factors such as the presence of various oil & gas reserves and growing infrastructural development in different countries including Saudi Arabia, South Africa, etc.

Some of the major companies in the corrosion inhibitors market are Ashland Inc.; Cortec Corp.; and Ecolab Inc.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/disinfectants-and-preservatives-industry

Personal Protective Equipment (PPE) Market Forecast by Product Type and Application

26 November 2018, The global Personal Protective Equipment Market to reach USD 55.6 billion by 2028, owing to the increasing awareness towards employee health and safety issues at work place coupled with rising industrial fatalities in emerging economies on account of shortage or lack of protective gear. Technological innovation, along with changing consumer needs for protective equipment which offers complete safety and is fashionable and appealing at the same time is further estimated to augment the market over the forecast period.

Europe emerged as the leading regional market for PPE accounting for more than 32% of the market revenue share over the forecast period. The implementation of strict safety standards by regulatory agencies such as Occupational Safety and Health Administration (OSHA) mainly in Europe and North America is expected to fuel the need to use personal protective equipment over the forecast period.

Increasing occupational fatalities coupled with requirement for high durable mechanical wear resistance and high utility protective gears in most of the core industries such as oil & gas, refining, metal manufacturing and automotive is expected to augment penetration of the segment over the forecast period. Increase in the use of PPE coupled with rapid industrialization in emerging economies such as China, India, and Brazil is expected to drive durable protective clothing segment in foreseeable future. Favorable regulatory scenario to minimize occupational hazards across various regions is also expected to have a positive influence on the market growth. Increasing construction activities in Asia Pacific and Middle East is also expected to fuel the industrial protective clothing demand.

Protective clothing segment accounted for more than 23% of the market share owing to the growing occupational hazards coupled with the mandatory implementation of regulations to use protective clothing in most of the core industries such as oil & gas, refining, metal manufacturing and automotive is expected to augment market growth of the protective clothing segment over the forecast period.

Construction is anticipated to be the fastest growing application segment for personal protective equipment in future on account of rising constructional activities in Asia Pacific and Central & South America. Overhead costs associated with workplace fatalities is expected to increase product penetration in the segment over the foreseeable future.

Growing manufacturing capabilities in Asian countries is anticipated to decrease quality gap between national brands and private labels. PPE manufacturers are investing heavily in R&D and strengthening customer engagement in order to gain consumer preferences and cater to definite needs across industries and price points in the global PPE market. Some national brand manufacturers actively offer private label services in specific commoditized PPE segments. This creates competition between the national brand product and the distributor owned private label brand product. The major players are focusing on quality, service and innovation to differentiate themselves from national brands in the market by adopting strategies such as product portfolio expansion, capacity expansions, and development of new facilities to gain market share.


Hexa Research has segmented the global personal protective equipment market report based on product type, application and region:

Segmentation by product type, 2015 - 2028
    • Head, Eye and Face Protection
    • Hearing Protection
    • Hand Protection
    • Fall Protection
    • Respiratory Protection
    • Protective Clothing
    • Foot Protection

Segmentation by application, 2015 - 2028
    • Mining
    • Manufacturing
    • Construction
    • Oil & Gas
    • Others

Segmentation by region, 2015 - 2028
    • North America
        • U.S.
    • Europe
        • Germany
        • UK
    • Asia Pacific
        • China
        • India
    • Central & South America
    • Middle East & Africa

Key players analyzed:
    • Honeywell International Inc.
    • 3M
    • MSA
    • DuPont
    • Ansell

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/green-building-materials-industry

Minibar Market Analysis by Product, Technology, and Application 2024

26 November 2018, The global Minibar Market size to reach USD 1.49 billion by 2024, owing to the transformation, growth, and emergence of the hospitality industry worldwide. With the rise in the demand for customer satisfaction and necessity of enhancing profitability in the hotel industry, the demand of minibars is estimated to grow over the forecast period. In addition, the increasing prerequisites of consumers and guests for hassle free services, high comfort, facilities, and luxury while travelling and their stay at elite hotels is anticipated to encourage the market growth. This in turn is expected to reassure the hotel industry to focus on providing value added services such as safety box, laundry, Wi-Fi, ironing, dry cleaning, minibars, in-room dining and others. One of the services offered by exclusive hotels nowadays is the in-room minibars, which adds to customer experience.

The prevailing rate of installation of minibars in rooms of luxury hotels poses growth potential for the global minibar market. Cherishable customer experiences results in enhanced customer loyalty and promotes continued association of customers in future as well, which in turn fuels the growth of minibar market on a global scale.

Minibar Market

In terms of product type, the automatic minibars market is expected to grow driven by rise in technological advancements, and use of automated systems in the hospitality industry to ensure privileged services and ensure hassle-free customer handling.

The market for absorption minibars market is estimated to develop swiftly on account of the existing properties such as environment friendly, completely silent, highly reliable, energy efficient, and offers an extended service life. With the rise in technological advancements, automatic minibars can detect missing items, charge the guests based on the usage of the products using sensors and can be synchronized with the property management system (PMS) of hotels. The use of minibars owing to the features offered by them such as fully automated systems which solve issues faced by hotels and offices at operational levels is projected to fuel the overall market growth over the forecast period. The use of minibar in hotels to deliver customer satisfaction is expected to support the market growth for the global minibar market during the forecast period.

In terms of geography, the use of minibars in Asia Pacific is estimated to develop the fastest owing to the budding commercial and hospitality sector, growing tourism, and large customer base in the hospitality, recreational, and other commercial spaces.


Hexa Research has segmented the global mini bar market report based on product type, technology, application and region:

Segmentation by product, 2014 - 2024 (USD Million)
• Automatic
• Manual

Segmentation by technology, 2014 - 2024 (USD Million)
• Absorption
• Compression
• Thermoelectric

Segmentation by application, 2014 - 2024 (USD Million)
• Transportation
• Commercial & Residential buildings

Segmentation by region, 2014 - 2024 (USD Million)
• North America
      • U.S.
      • Canada
• Asia Pacific
      • China
• Europe
      • Germany
      •  UK
• Central & South America
• Middle East & Africa

Key players analyzed:
• Bartech
• Dometic Group AB (publ)
• Indel B S.p.A.
• Vitrifrigo
• Minibar Systems


Medical Morphine Market Forecast by Route of Administration and Indication 2024

26 November 2018, The global Medical Morphine Market is expected to reach USD 13.32 billion by 2024, driven by increasing morphine consumption in the U.S. The increasing prevalence of arthritis and cancer in geriatric patients is projected to impact the morphine market globally positively.
North America dominated the market by contributing more than 75.0% of the share in 2016 and continue to dominate owing to the increasing number of prescriptions for morphine in the U.S. North American market for the same is expected to grow at a CAGR of 2.9% over the forecast period. However, lack of availability of medical morphine in countries such as India is expected to hamper the growth of the market.

In terms of route of administration, the oral segment is expected to grow at the fastest CAGR over the projected period owing to its dose accuracy, high accessibility, and ease of carrying compared to injectables and other counterparts.



Global medical morphine market revenue, by route of administration, 2014 - 2024 (USD Billion)

On the basis of indication, others segment is expected to grow at the fastest CAGR of 3.1% over the forecast period owing to increasing number of prescriptions of morphine in U.S. for nominal conditions. The cancer segment is expected to exhibit lucrative growth due to increasing prevalence of bone cancer globally.

Morphine with its use in therapeutics is also one of the most abused drug globally. Respective governments are introducing initiatives to prevent substance abuse and decrease death rates caused by morphine. Furthermore, researchers are concentrating on drug abuse treatment for opioid addicts which is expected to reduce the illicit use of morphine. For instance, in August 2017, researchers at University of California San Diego in collaboration with CARI therapeutics commenced development of a biosensor capable of detecting opioids in human bodies.


Hexa Research has segmented the global medical morphine market based on Route of Administration , Indication and region:

Segmentation by Route of Administration, 2014 - 2024 (USD Million)
• Oral
• Injectables
• Others

Segmentation by Indication, 2014 - 2024 (USD Million)
• Cancer
• Arthritis
• Others

Segmentation by Region, 2014 - 2024 (USD Million)
• North America
    • U.S.
• Europe
    • Germany
• Asia Pacific
    • China
    • India
• Rest of the World

Key players analyzed
• Mallinckrodt Pharmaceuticals
• Alcaliber S.A.
• Purdue Pharma L.P.
• Pfizer Inc.
• Johnson Matthey Fine Chemicals
• Sun Pharmaceutical Industries Ltd.
• Verve Health Care Ltd.
• Taj Pharmaceuticals Limited
• NORTHEAST PHARM
• MANUS AKTTEVA BIOPHARMA LLP


Analyzing the Impact of Corn Procurement on Revenue: A Forecasting Perspective

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