#Automobile Electronics forecast

[markettrend24]

Automobile Electronics Market Growth, Overview with Detailed Analysis 2022-2028

Automobile Electronics Market Growth, Overview with Detailed Analysis 2022-2028

This report studies the Automobile Electronics Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Automobile Electronics Market analysis segmented by companies, region, type and applications in the…

[spookysaladchaos]

Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure.   Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure.   Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[lanshengic]

Daily Semiconductor Industry Information By Lansheng Technology

1. At the VLSI Symposium 2023, which will be held next month, Intel will demonstrate the PowerVia technology verification chip.

2. On May 5th, Samsung Electronics is expected to surpass its main competitor TSMC in the field of chip foundry within 5 years.

3. According to media reports, Meta recruited a team from the British artificial intelligence chip company Graphcore. The team previously worked in Oslo, Norway, and was developing AI networking technology at Graphcore until late last year.

4. On May 5, 2023, semiconductor product companies Alpha and Omega Semiconductor once fell by 11.64% in intraday trading, and once touched $20.64. The stock price hit a new low since November 18, 2020.

5. Following in the footsteps of #Samsung, SK Hynix and Micron, the US chip giant Qualcomm’s latest quarterly revenue fell -16.9% year-on-year to US$9.275 billion, and its net profit fell sharply -41.9%. The three major business segments of mobile phones, automobiles and IoT All have declined to varying degrees, and its forecast data for the third fiscal quarter is also lower than market expectations.

Lansheng Technology Limited (https://www.lanshengic.com/) is a global distributor of electronic components that has been established for more than 10 years, headquartered in Shenzhen China, who mainly focuses on electronic spot stocks

[argumate]

The Kremlin will likely subsume elements of Belarus’ defense industrial base (DIB) as part of Moscow’s larger effort to reequip the Russian military to support a protracted war against Ukraine. Belarusian President Alexander Lukashenko stated during a meeting with Russian President Vladimir Putin in Moscow on February 17 that Belarus’ aerospace industry is ready to produce Su-25 ground attack aircraft for the Russian military with the support of Russian technology transfers. Lukashenko also stated that the Belarusian state-run Minsk Automobile Plant began producing components to support Russian KAMAZ (a Russian heavy-duty truck producer) products and expressed willingness to help Russia produce electronic components to substitute for lost Western imports. Lukashenko additionally stated that Belarus is implementing 100 percent of unspecified defense and security cooperation agreements that Belarus and Russia agreed to “three months ago.”

Additional Su-25s and truck parts are likely not critical material for the success of Russia’s long-term war effort. The Kremlin may commandeer Belarusian factories and retool them to produce critical materiel that the Russian military needs, Lukashenko’s statements notwithstanding. The Russians might also seek to repurpose Russian factories currently involved in or tooled for the production of Su-25s and trucks to produce more urgently needed materiel.  ISW previously assessed that Russian forces began using Belarusian training grounds and trainers to train mobilized Russians to compensate for Russia‘s degraded training capacity. The Kremlin appears to be similarly incorporating elements of Belarus’ DIB to augment Russian defense output as Putin seeks to reinvigorate Russia’s DIB to support a protracted war with Ukraine.

the difficulty of forecasting outcomes is that both sides continuously adapt to changing conditions

[strangemusictriumph]

IoT Insurance Market - Forecast (2022 - 2027)

The Global market for Iot Insurance is forecast to reach $3,123.3 million by 2026, growing at a CAGR of 18.7% from 2021 to 2026. IoT-Connected insurance uses the data from internet-connected devices and telematics to improve the understanding of risks. It is a new approach that is based on use of sensors and digital technologies to monitor the state of an insured risk transforming rough data in usable and actionable information. Advances in IoT insurance can improve the productivity, overall profitability of the business and the risk profile of the portfolio. Through IoT, insurers can better connect with customers adding important touch points in particularly sensitive phases like acquisitions and claims. It is observed that automation can cut the cost of the claims process by as much as 30% and IoT connected devices have helped some life insurance and health insurance companies lower their premiums by as much as 25%.

Report Coverage

The report: “Iot Insurance Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Iot Insurance market. By Type – Health Insurance, Life Insurance, Property and Casualty Insurance and Others. By Application – Life and Health Insurance, Home and Commercial Buildings, Automotive and Transportation, Business and Enterprise, Consumer Electronics and Industrial Machines, Travel, Agriculture and Others. By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

Advances in IoT insurance can improve the productivity, overall profitability of the business and the risk profile of the portfolio.

IoT technology presents opportunities for insurers to reduce and mitigate losses, improve underwriting and enhance personalization of products and services.

Automation in insurance can cut the cost of claims process by as much as 30%

North-America is expected to hold a significant share in the IoT Insurance market due to growing awareness and faster adoption of IoT technology.

IoT Insurance Market Segment Analysis - By Type

The most important type of insurances are life insurance and health insurance which accounted for 44% share combined in 2020. Life insurance is something that pays out a sum of money either on the death of the insured person or after a set period. On the other hand health insurance covers the cost of hospitalization, visits to the doctor’s office and prescription medicines. The rising usage of digital technologies in this sector will drive market growth.

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IoT Insurance Market Segment Analysis - By Application

IoT insurance is applicable to almost all industries like automobile, manufacturing, agriculture, healthcare, hospitality, retail, finance, transportation and smart homes and buildings. Automotive industry is one of the industries most benefited after introduction of IoT. IoT devices such as in-car sensors, smartphones, and smart appliances can send insurers data on product usage and driving habits among other behaviours. In turn, this data will be fed into AI algorithms that allow insurers to offer risk based pricing and other popular services.

IoT Insurance Market Segment Analysis – By Geography

North America held the largest market share at 35% in 2020 among regional markets due to increasing awareness and rapid implementation of IoT in various industries in countries in this region. In addition, rising use of smart devices which deliver real-time insights to allow insurance companies in this region develop advanced insurance solutions. And also presence of international players in this region such as Google LLC, Microsoft Corporation, IBM and other drives the market in this region.

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Iot Insurance Market Drivers

Mitigation of risk

In traditional method, insurers have used proxy data to identify the risk of loss for an asset. Internet of things (IoT) gives insurers access to real-time, individual, observable data on an asset’s risk of loss. This data is directly actionable for risk pricing and mitigation. IoT sensors monitor the behavior and actions which are causative of risk so that insurers can create algorithms based on observed behavior directly to pricing models. In this way insurers can similarly leverage this data for risk mitigation by providing timely and specific feedback to customers.

Rising demand for cloud services

The insurance industries dealing with huge volumes of sensitive data and documents are ready to integrate cloud technology in to their digital eco system. It enables insurers to use their IT resources more efficiently, reducing the cost of acquiring and maintaining infrastructure. Cloud based applications change the way of creating and delivering their products and services, managing risks and claims, collaborating with channel members and partners and communicating with customers, agents and brokers. Thus, cloud services in the insurance industry helps drive the market growth.

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Iot Insurance Market Challenges

Data privacy and security

Data privacy and security is utmost important when it comes to technology. IoT comes along with cyber-risks, in fact, much more than any other technology. Meaningful customer engagement would require the insurer to collect and process data at each point, facilitated by IoT. Without establishing the trust it would be difficult to obtain personal data from customers. A significant amount of data is generated from the application of connected devices from wearable devices to connected homes and telematics devices in smart vehicles. Most of the customers are skeptical about their personal data remains secured and how it is utilized by insurers.

Iot Insurance Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Iot Insurance market. The Iot Insurance market is dominated by major companies such IBM Corporation, SAP SE, Oracle Corporation, Google Inc., Microsoft Corporation, Cisco Systems Inc., Accenture PLC, Verisk Analytics Inc., Concirrus, LexisNexis.

Acquisitions/Technology Launches/Partnerships

In Oct 2020, LexisNexis and Yonomi Smart Home have joined forces to develop an innovative turnkey home insurance internet of things (IoT) solution. It includes a smartphone app that participating policy holders can download the app which uses smartphone and device sensors to find common IoT devices in the home, which creates a data feed to LexisNexis risk sloutions.

In May 2019, Concirrus and willis Re, has entered in to strategic partnership to transform speciality re-insurance products by leveraging data from internet of things (IoT).

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[tamanna31]

Lithium-ion Battery Market - Changing Supply and Demand Scenarios By 2030

Lithium-ion Battery Industry Overview

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. 

Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. Global registration of electric vehicles (EVs) is anticipated to increase significantly over the forecast period. The U.S. emerged as the largest market in North America in 2023. Increasing EV sales in the country owing to supportive federal policies coupled with the presence of several players in the U.S. market are expected to drive product demand. Federal policies include the American Recovery and Reinvestment Act of 2009, which established tax credits for purchasing electric vehicles.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

New Corporate Average Fuel Economy (CAFE) standards mandated fuel economy standards for passenger cars and Light Commercial Vehicles (LCVs) resulting in the expansion of electric drive technologies. Increasing product demand in smartphones owing to their extended shelf life and enhanced efficiency is expected to drive market growth. The increasing demand for EVs owing to growing consumer awareness about carbon emissions is expected to fuel market growth. A decline in the demand for lead-acid batteries, owing to EPA regulations on lead contamination and resulting environmental hazards coupled with regulations on lead-acid battery storage, disposal, and recycling, has led to an increase in the demand for Li-ion batteries in automobiles. Mexico has been a center of the global automotive industry as companies worldwide are eyeing to invest here.

Mexico is the fourth-largest exporter in automotive industry, after Germany, Japan, and South Korea. Growing automobile production in the country is anticipated to drive product demand. The COVID-19 pandemic has been a major restraint to market growth owing to several factors including reduced operational cost by end-users, coupled with disruption in the availability of spare parts due to sluggish manufacturing activities and logistics issues. Battery providers have taken subsequent steps to ensure efficient services to end-users that have signed long-term contracts with them. Vendors are opting for digital tools and are following prescribed preventative measures including social distancing norms and the use of protective kits in case of an on-site inspection and repair services required by end-users on a case-to-case basis.

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region:

Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

Lithium Cobalt Oxide (LCO)

Lithium Iron Phosphate (LFP)

Lithium Nickel Cobalt Aluminum Oxide (NCA)

Lithium Manganese Oxide (LMO)

Lithium Titanate

Lithium Nickel Manganese Cobalt (LMC)

Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

Automotive

Consumer Electronics

Industrial

Energy Storage Systems

Medical Devices

Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Russia

Spain

France

UK

Germany

Italy

Asia Pacific

China

India

Japan

South Korea

Australia

Central & South America

Brazil

Paraguay

Columbia

Middle East & Africa

South Africa

UAE

Egypt

Saudi Arabia

Browse through Grand View Research's Conventional Energy Industry Research Reports.

The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030. 

The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.

Key Companies & Market Share Insights

The industry is extremely competitive with key participants involved in R&D and constant product innovation. Key manufactures include Samsung, BYD, LG Chem, Johnson Controls, Exide, and Saft. Several companies are engaged in new product development to improve their global market share. For instance, BYD and Panasonic hold a strong position on account of its increased manufacturing capacities and large distribution network.

Key Lithium-ion Battery Companies:

BYD Co., Ltd.

A123 Systems LLC

Hitachi, Ltd.

Johnson Controls

LG Chem

Panasonic Corp.

Saft

Samsung SDI Co., Ltd.

Toshiba Corp.

GS Yuasa International Ltd.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

[b2bbusiness]

The UAE Retail Market: A Thriving Hub of Innovation and Growth

The United Arab Emirates (UAE) has emerged as a significant global retail hub, showcasing a vibrant and diverse market that caters to both luxury and mass-market segments. The country’s strategic location, affluent population, and strong tourism sector contribute to making the UAE retail market one of the most dynamic and competitive in the world.

Overview of the UAE Retail Market

The UAE's retail sector has experienced consistent growth over the past decade. Despite challenges posed by the COVID-19 pandemic, the market has shown resilience, quickly adapting to new consumer trends and digital innovations. Dubai and Abu Dhabi, the two largest emirates, are the primary drivers of the retail industry, with world-class shopping malls, vibrant retail districts, and high disposable income fueling consumer spending.

In 2023, the UAE retail market was valued at over $75 billion, with forecasts suggesting continued growth driven by economic diversification, tourism recovery, and increasing e-commerce penetration.

Key Drivers of Growth

Tourism: Tourism is a key pillar of the UAE's retail sector. Dubai, in particular, is a global tourism hotspot, attracting millions of visitors annually. The influx of tourists significantly boosts retail sales, especially in the luxury segment. Major shopping festivals, such as the Dubai Shopping Festival and Dubai Summer Surprises, also contribute to retail sales spikes.

E-Commerce: The rise of e-commerce has transformed the UAE’s retail landscape. With a tech-savvy population and high internet penetration, online shopping has become a preferred option for many consumers. Post-pandemic, there has been a surge in e-commerce platforms, with major players like Amazon.ae and Noon.com dominating the market. Many traditional retailers have also embraced omnichannel strategies, integrating physical and digital retail experiences to meet consumer expectations.

Affluent Consumer Base: The UAE has one of the highest per capita incomes globally, leading to robust demand for luxury goods. International brands have a strong presence, with retailers like Louis Vuitton, Gucci, and Rolex thriving in high-end malls like The Dubai Mall and Mall of the Emirates. This demand extends to fashion, electronics, automobiles, and even real estate.

Government Initiatives and Vision 2030: The UAE government’s vision to diversify the economy beyond oil is a major factor in the retail sector’s expansion. Initiatives such as Vision 2030 and the promotion of the UAE as a business-friendly hub are attracting international retailers, investors, and brands. Furthermore, tax-free shopping environments, consumer-friendly regulations, and high ease of doing business have attracted more global retailers.

Cultural and Demographic Diversity: With expatriates making up a significant portion of the population, the retail sector caters to a diverse range of preferences. Retailers must appeal to consumers from various nationalities, making the UAE a unique market with diverse offerings in food, fashion, and lifestyle products.

Trends in the UAE Retail Market

Sustainability: As awareness of environmental issues rises, sustainability is becoming a focal point for retailers. Brands are increasingly adopting eco-friendly practices, from sustainable packaging to promoting ethical sourcing. Retailers that emphasize corporate social responsibility (CSR) are gaining traction, particularly among younger, environmentally-conscious consumers.

Luxury Retail: The luxury segment continues to flourish, particularly in Dubai. High-net-worth individuals (HNWIs) from the UAE and tourists from Russia, China, and Europe are significant contributors to the growth of this segment. Personalized services, exclusive offers, and luxury experiences are now crucial for attracting and retaining affluent shoppers.

Experiential Retail: The shift toward experiential retail is evident in the UAE. Malls are no longer just shopping destinations; they are centers for entertainment, dining, and leisure. The integration of cinemas, indoor ski resorts, theme parks, and gourmet dining in malls enhances the overall shopping experience, making malls a key part of the social fabric in the UAE.

Technological Innovation: Retailers in the UAE are leveraging technologies such as artificial intelligence (AI), augmented reality (AR), and big data to personalize shopping experiences. Mobile apps, in-store digital experiences, and AI-powered chatbots are gaining popularity as part of a seamless omnichannel experience.

Evolving Consumer Preferences: The modern UAE consumer is more informed, price-sensitive, and digitally aware. Retailers are adapting by offering value-driven promotions, loyalty programs, and exclusive online offers. A growing demand for health and wellness products, ethical fashion, and premium food products is also shaping the market.

Challenges Facing the Retail Market

While the UAE retail market is thriving, it also faces certain challenges:

Competition: Intense competition among local and international brands puts pressure on profit margins. Retailers must continuously innovate to differentiate themselves and offer unique value propositions.

Rising Operational Costs: Rental costs in prime retail locations, combined with fluctuating utility expenses, can increase operational costs, especially for smaller retailers.

Supply Chain Disruptions: Global supply chain issues, exacerbated by the pandemic and geopolitical tensions, can lead to inventory shortages and delivery delays, affecting both physical and online retailers.

The Future of Retail in the UAE

Looking ahead, the UAE’s retail market is poised for continued growth. E-commerce will likely dominate future sales, with further integration of digital technologies shaping consumer experiences. The luxury segment will remain robust, supported by high-income residents and tourists seeking premium experiences. Additionally, sustainability and innovation will play key roles in shaping the future of retail, as brands and retailers focus on meeting evolving consumer expectations in an increasingly competitive landscape.

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[cmisayali]

Automotive Interior Component Market is Estimated to Witness High Growth Owing to Increase in Passenger Vehicle Production

The automotive interior component market comprises interior parts and accessories for seating, door panels, instrument panels, flooring solutions used to enhance comfort and safety in vehicles. These components are manufactured using high strength, durable and lightweight materials to meet rugged operational requirements. Growing consumer demand for premium interiors with enhanced aesthetic appeal and comfort features is driving automotive OEMs to adopt innovative interior designs and technologies.

The Global automotive interior component market is estimated to be valued at US$ 164.64 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the automotive interior component market are Johnson Control, Toyota Boshoku Corporation, Lear Corporation, Toyoda Gosei Co., Ltd., Faurecia SA, Continental AG, Magna International, Delphi, Adient plc., Robert Bosch GmbH, Yanfeng (China), Lear Corporation, Antolin, Polydesign Systems, and Machino Plastics Limited. These players are focusing on new product development, partnerships, and expansions to gain higher share in the market. There is a high opportunity for manufacturers of eco-friendly and lightweight materials as automakers are under pressure to reduce vehicle weight and carbon footprint. 3D printing technology and development of smart surfaces with integrated electronics also present significant growth opportunities. The Global Automotive Interior Market Demand is witnessing increasing globalization with major players expanding their presence in Asia Pacific and Middle East & Africa. Regional customers demand localized manufacturing, which is enabling supply-chain optimization and competitive pricing. China, India and Mexico are emerging as top automobile manufacturing hubs attracting investments by global automotive interior parts suppliers. Market Drivers The global automotive interior component market is witnessing high growth owing to increase in passenger vehicle production over the years. As per projections, global passenger vehicle sales are expected to surpass 100 million units by 2026. This rising vehicle demand across developed and developing nations is driving need for interior parts and accessories among OEMs. Innovation in autonomous, connected and electric vehicles is also presenting opportunities for design and technology advancements in automotive interior components market.

PEST Analysis

Political: The automotive industry is subject to stringent government regulations regarding vehicle safety and emissions standards. New rules imposed by regulatory bodies can impact design and production of interior components.

Economic: Rising disposable incomes and growing automobile sales are fueling demand for upgraded interiors with advanced features. However, economic slowdowns may negatively impact consumer spending on non-essential automotive upgrades.

Social: Growing consumer inclination toward luxury, comfort and infotainment is driving innovation in areas like seats, audio-visual displays and panoramic sunroofs. Technology-savvy customers expect digitally enabled dashboards and connectivity options in vehicles.

Technological: Developments in materials, digitization and connectivity are reshaping automotive cabins. Lightweight composites, smart textiles and customizable digital dashboards are being integrated. Integrated voice assistance, mobile app controls and advanced driver-assistance features are becoming standard. Geographical Regions of Concentration

In terms of value, The Automotive Interior Component Market Regional is concentrated in Asia Pacific and Europe. Asia Pacific currently holds the largest share, supported by the strong presence of automotive manufacturing hubs and rising vehicle production in China, India, Japan, South Korea and other developing nations. Majority of global automobile manufacturers have established supplier networks and manufacturing facilities in the region to cater to increasing domestic demand. Fastest Growing Region North America region is poised to witness the fastest growth in the automotive interior component market over the forecast period. This can be attributed to recovery of the automobile sector from recession, rising vehicle parc and preference for technologically advanced features among consumers. Automakers are focusing on implementing connectivity, customized infotainment and digital dashboards to enhance driver experience in this region.

Get More Insights on Automotive Interior Component Market

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[digitrenndsamr]

Research Report on Power Management Integrated Circuits Market to Discover Industrial Insights

Allied Market Research, titled, “Power Management Integrated Circuits Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2020–2027” the global power management integrated circuits market size was valued at $33.96 billion in 2019, and is projected to reach at $51.04 billion by 2027, growing at a CAGR of 5.3% from 2019 to 2027. Asia-Pacific is expected to be the leading contributor to the global power management integrated circuits market, followed by North America and Europe.

Power management ICs are highly integrated power management solutions used for a wide range of battery-operated electronic devices. PMICs are extensively used to fulfill power requirements in various applications such as consumer electronics, automobile, telecom & networking, and in the industrial sector. The global PMICs market is estimated to witness significant growth during the forecast period. 

The growth is primarily due to rise in production of automobile & battery supported portable electronic devices, increase in emphasis over performance efficiency, and surge in concerns associated with the costs incurred for power management solutions. The demand for battery-supported devices such as smart phones is expected to register a noticeable increase in future majorly from Asia-Pacific countries such as India and China.

Growth in emphasis on industries such as consumer electronics inclusive of semiconductor manufacturing, telecommunication & networking, and automotive are expected to boost the growth of PMICs. However, factors such as increase in complexity in designing and developing PMIC architecture and uncertainty in the economic stability of the market are likely to limit the power management integrated circuits market growth.

Voltage regulators are primarily used in electronics devices to maintain a constant output level of voltage despite fluctuations in input supply or current. Voltage regulators are used in various application areas such as automation, data processing, and lighting. Furthermore, these devices are very crucial in power supply systems. Voltage regulators are followed by integrated ASSP power management; it is a semiconductor-embedded device designed for application specific functioning. Integrated ASSP PMICs captured the second largest market share in 2019.

Region wise, the power management integrated circuits market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global market in 2019, and is expected to dominate the market in terms of revenue during the forecast period, owing to increase in consumer electronics production, technological advancements, and rise in demand for automobile. North America holds the second largest share in the global power management integrated circuits industry, and is expected to witness significant growth during the forecast period, which is primarily driven by the application of PMICs across industries such as automotive and transportation, electronic durables, and industrial sectors. 

Covid-19 Impact Analysis

The ongoing COVID-19 pandemic has abruptly re-shaped the global economy. Sudden decline in infrastructure development and installation projects is expected to hamper the power management integrated circuits market for automotive and industrial and energy & power industry verticals. 

The global economy has experienced surge in demand for cloud/datacenter services and cloud infrastructure to support distributed workforce. Growing adoption of 5G networking by corporate individuals due to growing online presence has been placed as a national priority and is opportunistic for the market. Moreover, the demand from the telecom and networking segment is expected to increase due to factors such as increased broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, the IoT, AI, and intelligent edge computing for future optimization.

Key Findings of The Study

In 2019, the voltage regulators segment dominated the global PMIC market, accounting for around 27.00% revenue share.

The automotive/transportation segment is expected to dominate the global market throughout the forecast period.

Asia-Pacific dominated the global power management integrated circuits market in 2019, with China being the market leader.

The key players profiled in the report include Texas Instruments Inc., ON Semiconductor Corp., Analog Devices Inc., Dialog Semiconductor PLC, Maxim Integrated Products Inc., NXP Semiconductors, Infineon Technologies AG, Mitsubishi Group, Renesas Electronics Corporation, and STMicroelectronics N.V. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their power management integrated circuits market share.

[rahulpande15]

Lithium-ion Batteries: Market Dynamics and the Road Ahead for Energy Storage

According to a new report published by Allied Market Research, The lithium-ion battery market size was valued at $46.2 billion in 2022, and lithium-ion battery industry is estimated to reach $189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032.

A lithium-ion (Li-ion) battery is a type of rechargeable battery that uses lithium ions to store and release electrical energy. Li-ion batteries have become the dominant technology for portable electronics, electric vehicles (EVs), and many other applications due to their high energy density, relatively low self-discharge rates, and ability to be recharged multiple times. They are used in a wide range of devices, from smartphones and laptops to power grids and renewable energy storage systems.

Asia-Pacific is the major consumer of lithium-ion batteries among other regions. It accounted for more than two-fifths of the global market share in 2022.

The major companies profiled in this report include BYD Co., Ltd., A123 Systems, LLC, Hitachi, Ltd., CATL, LG Chem, Panasonic Corp., Saft, Samsung SDI Co., Ltd., Toshiba Corp., and GS Yuasa corporation.

Li-ion battery technology continues to evolve, with ongoing research focused on increasing energy density, cycle life, safety, and sustainability. The adoption of Li-ion batteries has had a profound impact on the way we use and store energy in modern society.

Lithium-ion batteries are rechargeable power storage devices that consist of a couple of components, together with cathodes, anodes, electrolytes, separators, and different materials.

The international focus on creating sustainable energy resources via renewable energy technology has led to increase in investments through governments and private institutions. This surge in demand for energy storage devices has pushed the growth of the lithium-ion battery market.

The rise in border disputes and terrorist activities worldwide has spurred the development of unmanned weapons and smart missiles, which closely rely on excessive electricity density batteries as power sources.

Lithium-ion batteries showcase a theoretical electricity density of about 2,600 Wh/kg, making them incredibly promising for high-energy-density battery applications. One excellent subject where they find use is in large-scale car vehicles, enabling efficient electric transportation.

Speedy innovation and utility of smart weapons, unmanned drones, and automobiles in the military enterprise contribute to the growth in demand for lithium-ion batteries. Lithium-ion batteries are a kind of rechargeable battery recognised for their excessive precise energy. The use of light-weight lithium and other substances in their development makes lithium-ion batteries rather light.

The application of lithium-ion batteries in a variety of industries has proven exceptional promise, such as in the aerospace sector, where Airbus Defense and Space has efficaciously examined High Altitude Pseudo-Satellite Aircraft (HAPAS) prototypes powered by using photo voltaic power all through the day and lithium-ion batteries at some stage in the night.

As per lithium-ion battery market analysis, on the basis of component, the cathode segment emerged as the global leader by acquiring nearly half of the lithium-ion battery market share in 2022 and is anticipated to continue this trend during the forecast period.

On the basis of capacity, the 3,000- 10,000 mAh segment emerged as the largest market share in 2022, which accounts for more than two-fifths of the lithium-ion battery market share.

On the basis of application, the automotive segment emerged as the largest market share in 2022 which accounts for more than half of the lithium-ion battery market share, and is anticipated to continue this trend during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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South Africa Specialty Chemicals Market Trends, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa Specialty Chemicals Market size at USD 8.7 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects South Africa Specialty Chemicals Market size to expand at a CAGR of 4.50% reaching a value of USD 11.1 million by 2030. By volume, BlueWeave estimated South Africa Specialty Chemicals Market size at 13.1 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects South Africa Specialty Chemicals Market size to expand at a CAGR of 4% reaching the volume of 17.2 million tons by 2030.

The expanding usage of specialty chemicals in a range of end-user sectors, such as water treatment, chemicals, oilfields, pharmaceuticals, and others, together with improvements in process technology, are key growth drivers for South Africa specialty chemicals market. The government's financial support and other initiatives to increase domestic manufacturing are also expected to propel South Africa specialty chemicals market over the forecast period.

Sample Request @ https://www.blueweaveconsulting.com/report/south-africa-specialty-chemicals-market/report-sample

Opportunity - Expanding automobile manufacturing operations

The expanding automobile production is emerging as one of the major driving factors for the growth of South Africa Specialty Chemicals Market. South Africa ranks 22 in global vehicle production and has been attracting significant foreign direct investment and adopting various growth strategies to boost the automotive industry. Specialty chemicals are widely used in the production of high-performance lubricants and additives. These are essential to reduce wear and friction in engines and engines, improving automobiles' general efficiency and dependability.

Agrochemicals Product Type to Grow at Fastest CAGR

South Africa Specialty Chemicals Market, on the basis of product type, is comprised of agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, sealants & elastomers), and other (institutional & industrial cleaners, electronic chemicals, and mining chemicals) segments. Among these product types, the agrochemicals segment is anticipated to register fastest growth rate during the period in analysis. The expanding agriculture sector and rising food demand are expected to fuel the demand for agrochemicals in the South African Specialty Chemicals Market.

Competitive Landscape

South Africa Specialty Chemicals Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Durban Speciality Chemicals, AECI Specialty Chemicals, SUN ACE South Africa, Safic Alcan Southern Africa (Pty) Ltd, IMCD South Africa, Protea Chemicals, Reba Chemicals (Pty) Ltd, BASF, Gold Reef Speciality Chemicals (Pty) Ltd, and Southern Chemicals (Pty) Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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Next Generation Anode Materials Market Size, Volume, Demand, Outlook and Forecast Year| BIS Research 

Next Generation Anode Materials refer to advanced materials being developed to replace or enhance conventional anodes in batteries, particularly lithium-ion batteries. These materials aim to improve the performance, safety, and energy density of batteries.

The global next-generation anode materials market was valued at $2,650.6 million in 2022, and it is expected to grow at a CAGR of 16.29% and reach $11,554.6 million by 2032. 

Next Generation Anode Materials Overview 

Next-generation anode materials represent a critical area of innovation in battery technology, particularly in the pursuit of higher energy density, faster charging, and longer lifespan for batteries. 

Key next-generation anode materials includes Silicon-based Anodes, Lithium Metal Anodes, Tin, Germanium, and Other Alloy Anodes, Composites and Hybrid Materials, 

Have a look at our Next Generation Anode Materials Report Page 

Next-generation anode materials are increasingly growing in demand, owing to benefits such as enhanced capacity and stability, improved life cycle, and high energy density.

Increased density of energy within next-generation anode materials may assist in making batteries more lightweight, which is crucial for electric vehicles as it increases their effectiveness and endurance.

Benefits for Next Generation Anode Materials Market 

Higher Energy Density 

Faster Charging 

Improved Battery Lifespan 

Cost Reduction in the Long Term

Market Differentiation and Competitiveness

Market Segmentation

1 By End Use Industry 

2 By Material Type 

3 By Design Type 

4 By Region 

Grab a look at our free sample page click here ! 

Applications of Next Generation Anode Materials    

Key Applications for Next Generation Anode materials includes 

Electric Vehicle 

Portable Electronics 

Renewable Energy Storage 

Energy Intensive Industrial Applications 

Recent Developments in the Global Next Generation Anode Materials Market

In May 2022, Sila Nanotechnologies Inc. disclosed the purchase of a 600,000-square-foot facility in Moses Lake, Washington. Sila intends to employ the facility to manufacture lithium-ion anode materials at the high standard and volume required for serving the automotive industry.

In July 2023, to improve the efficiency of lithium-ion batteries for electric vehicles (EVs), Panasonic Energy Co., Ltd. stated that it had signed a contract with Nexeon Ltd. for the acquisition of silicon anode material for automobile batteries.

In February 2023, NanoRial Technologies Ltd. and NEO Battery Materials Ltd. entered a mutually exclusive partnership contract. By using NanoRial’s high-performance carbon nanotubes (CNT) materials as a durable nano coating material, NEO and NanoRial are collaborating to improve the durability and efficacy of NEO's silicon anode materials, NBMSiDE.

Key Players 

Altairnano

LeydnJar Technologies BV

Nexeon Ltd.

pH Matter LLC

Sila Nanotechnologies Inc.

Visit our Advanced Electronics Materials Vertical Page 

Conclusion

The next-generation anode materials market is at the forefront of transforming battery technology, driven by the need for enhanced performance, safety, and sustainability. By offering significant improvements over traditional graphite anodes, such as higher energy density, faster charging capabilities, and longer battery life, these advanced materials are poised to revolutionize various industries, including electric vehicles, portable electronics, renewable energy storage, and more.

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Carbon Fiber Market - Forecast (2024 - 2030)

Carbon Fiber Market Overview

Carbon Fiber Market size is forecast to reach $15.3 billion by 2030, after growing at a CAGR of 11% during 2024-2030. Carbon fiber is a high strength, low weight, high stiffness, conductive to electricity, and is one of the most corrosion and heat resistant material. Growing demand for lightweight products from aerospace & defense, automotive, and wind energy industries and minimizing carbon emissions are driving the market growth. Whereas, the growing building and construction sector in the emerging country is also driving the market growth. As carbon fiber is used primarily in the strengthening and reinforcement of concrete, steel, timber, and masonry. Furthermore, increasing demand for carbon fiber composite in consumer electronics has made the products lighter and thinner, and more textured is likely to drive the market growth. The carbon fiber market is witnessing a significant trend with an increased adoption in the automotive industry. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, carbon fiber composites offer a lightweight alternative to traditional materials. This shift is driven by the demand for electric and hybrid vehicles, where minimizing weight is crucial for optimizing energy efficiency and extending battery range. Carbon fiber's high strength-to-weight ratio contributes to improved vehicle performance and structural integrity. Moreover, advancements in manufacturing processes and cost reductions are making carbon fiber more economically viable for mass-produced automobiles. This trend signals a transformative shift in the automotive sector, with carbon fiber playing a pivotal role in the development of next-generation, sustainable transportation solutions. A notable development in the carbon fiber market is the increasing focus on sustainable production methods. With rising environmental concerns and a push for eco-friendly materials, carbon fiber manufacturers are exploring ways to minimize the environmental impact of their production processes. Innovations include the use of bio-based precursors, recycling of carbon fiber waste, and energy-efficient manufacturing techniques. This trend aligns with global efforts to achieve carbon neutrality and reduce the overall carbon footprint of industries. Sustainable carbon fiber production not only addresses environmental concerns but also caters to the growing demand for green products in various sectors, including aerospace, automotive, and renewable energy. As sustainability becomes a key consideration for businesses and consumers alike, the carbon fiber market is evolving to meet these changing expectations and contribute to a more environmentally responsible future.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 

Carbon Fiber Market Report Coverage

The report: “Carbon Fiber Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Fiber Industry. 

By Raw Material: Polyacrylonitrile Based (PAN), Pitch Based (Mesophase Pitch Based, and Petroleum Pitch Based), and Others (Ultra High Elastic Modulus (UHM), High Elastic Modulus (HM), and Low Elastic Modulus (LM)).

By Tow Type: Continuous, and Chopped.

By Application: Composite, Non-Composite, Molding Compound, Woven Fabric, and Others.

By End-Use Industry: Aerospace & Defense (Fighter Jets, Armored Vehicles, Commercial Jets, Rotorcraft, Satellites, and Others), Automotive (Interior, Exterior, and Others), Sporting Goods (Tennis Rackets, Golf Club, Hockey Sticks, Archery, Others), Energy and Power (Wind, Solar, and Others), Building & Construction (Residential, Commercial, and Others), Marine, Healthcare, Electric & Electronic, and Others.

By Geography: North America, South America, Europe, Asia-Pacific, and Middle East & Africa

Key Takeaways

Europe will continue to have the major share of total worldwide wind energy carbon fiber demand during the forecast period owing to its renewable energy targets and use of offshore wind capacity.

High price of carbon fiber is one of the factors that’s hindering the markets growth.

COVID-19 will hinder the markets growth, as the end use industry are facing a slow growth, hence reducing the demand for carbon fiber.

Carbon Fiber Market Segment Analysis - By Raw Material

Polyacrylonitrile Based (PAN) segment held the largest share of more than 65% in the carbon fiber market in 2023. The PAN based component offers various benefits like low density, high strength, high modulus, high-temperature resistance, wear resistance, corrosion resistance, fatigue resistance, creepage resistance, electric conduction, heat conduction, and far-infrared radiation. These properties of PAN make it suitable to use across various end-use industries like the aerospace & aviation industry, automotive industry, wind turbines, anti-flame materials & clothes, and sports equipment. Thus, growth in these end-use industries further drive the market growth.

Carbon Fiber Market Segment Analysis - By Tow

Continuous tow segment held the largest share of more than 60% in the carbon fiber market in 2023. Continuous tow is the most widely used tow, due to its weight, compatibility with resins, and various range of sizing available for optimal processing. These are heavy tows with 50,000 filaments, each of these tows have heavy mechanical properties, which can be transferred to the finished products and components to enhance their properties such as strength, durability and structural properties. Furthermore, Continuous tows provide cost advantage, especially when used in a high-volume process, increases the reliability of the end product, enhance production efficiency and can be merged with all thermoset and thermoplastic resin systems. Continuous tow also makes carbon fiber far superior to glass and aramid fibers because of their added strength & stiffness and are used in manufacturing wind turbines, industrial, and automotive manufacturing. Therefore, these properties & advantages of continuous tow will further drive its demand in the market.

Carbon Fiber Market Segment Analysis - By Application

Composite segment held the largest share of more than 55% in 2023 and is forecasted to be the most utilized application of carbon fiber. The high strength, high thermal & electrical conductivity, light weight, and high modulus properties of composite makes them suitable to use across aerospace & defense, automotive, sports, and wind turbine industry, which are ideal for its growth. According to a 2022 report released by Aerospace Industries Association (AIA), in 2022 American aerospace & defense industry export amounted for $100.4 billion, which rose by 11.2 percent from 2021. The other industry driving the markets growth is automobile industry. For instance, a report released by Indian Brand Equity Foundation (IBEF) in 2023, In the first quarter of 2023-24, total production of passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles was 6.01 million units. Furthermore, the growing demand for BMW i3 is also driving the market growth. As the BMW i3 is still the only car with a significant amount of carbon composite content.

[market-insider]

Industrial Robotics Market: Market Size, Share, and Growth Projections

The global industrial robotics market size is expected to reach USD 60.56 billion by 2030, expanding at a CAGR of 10.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. The increasing trend of mass production, predominantly in the manufacturing of automobiles, electronics, and packaged food, among others, is expected to drive market growth. For instance, in March 2022, Ford Motor Company integrated industrial robots in its factories to operate 3D printers which produced small car parts.

Moreover, the increasing demand for products to be available at a fast rate has resulted in producers opting for high-volume goods production. For instance, in December 2022, Taiwan Semiconductor Manufacturing Company Limited announced that it had begun mass manufacturing its 3-nanometer chips due to global demand. Therefore, the factories are using industrial robotics and automation systems as they can complete processes in shorter timelines without significant human intervention.

Additionally, governments around the world are pushing for automation and robotics in the industrial sector to boost national exports, increase technology penetration, and attract foreign investment. For instance, in September 2022, the crown prince of Dubai launched The Dubai Robotics and Automation Program to boost robotics in the country. Under the program, around 200,000 robots will be provided to the industrial and logistics sectors to boost production.

The COVID-19 pandemic had a significant impact on the industrial robotics industry as almost all industries were affected due to government lockdowns and regulations. During this time, there was a decline in the manufacturing of industrial robots itself. However, social distancing and partial workforce regulations during the pandemic increased the demand for automation robots and systems in the industrial sector to keep up with manufacturing and industrial processes demand. Moreover, the demand for industrial robots has remained constant post-pandemic due to the ongoing trend of automation in factories.

For More Details or Sample Copy please visit link @: Industrial Robotics Market Report

Industrial Robotics Market Report Highlights

Based on end-use, the chemical, rubber, & plastics segment is expected to grow at the highest CAGR of over 12% over the forecast period as the robots can work around the clock and help avoid health issues to laborers due to toxic fumes and harmful chemicals

Based on application, the handling segment recorded the largest market share in 2022 owing to the trend of e-commerce shopping, and increasing demand for robotics in logistics & warehouse applications

Based on geography, the Middle East & Africa is expected to grow at the highest CAGR over the forecast period owing to favorable government initiatives for automation and robotics along with significant foreign investment

Gain deeper insights on the market and receive your free copy with TOC now @: Industrial Robotics Market Report

We have segmented the global industrial robotics market based on application, end-use, and region.

[tamanna31]

Carbon Black Market Professional Survey and In-depth Analysis Research Report Forecast to 2030

Carbon Black Industry Overview

The global carbon black market size was valued at USD 22.35 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030.

Rising product usage in the production of plastics is anticipated to drive growth. Moreover, the rising usage of these plastics in electrical and electronic components will boost product demand. It is produced either by thermal decomposition or partial combustion method, which includes oil or natural gas as a feedstock. It is produced by four different processes, which are the furnace black process, channel process, acetylene black process, and Lampblack process.

Gather more insights about the market drivers, restrains and growth of the Carbon Black Market

Growing environmental concerns coupled with the developing automotive industry is expected to drive the growth of the U.S. market. The refurbishing trend has resulted in increased demand for high-performance coatings in automotive as well as other industries, such as marine, aerospace, and industrial.

The product helps improve the strength and longevity of tires by providing better abrasion resistance and tensile strength. Also, growing construction and manufacturing sectors utilizing industrial rubber and equipment are anticipated to positively impact the demand over the forecast period.

Carbon black market prices are mainly based on raw materials, auxiliary materials, and utilities. The crude oil price fluctuation has a major impact on the pricing of carbon black. Some other macro-level factors influencing the price include working capital and pre-operational costs. The installation and setup, capitalized interests, project engineering and management, and commissioning costs are included under the pre-occupational costs.

Carbon black is formed by incomplete combustion of different petroleum-based constituents. It is an essential component for a range of end-use applications such as consumer goods, automobiles, appliances, electronics, and others. Since it is a petroleum-derived product the manufacturers rely on sourcing their key raw materials at the right prices with no supply hindrance. Raw materials are critically selected by the manufacturers depending on their product quality, offering price, product portfolio holding, and market accessibility.

Browse through Grand View Research's Petrochemicals Industry Research Reports.

• The global diesel exhaust fluid market size was valued at USD 36.66 billion in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030.

• The global bromobenzene market size was estimated at USD 1,228.8 million in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.

Global Carbon Black Market Report Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides a carbon black market analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global carbon black market report based on type, application, grade, and region:

Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Furnace Black

Channel Black

Thermal Black

Acetylene Black

Others

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Tire

Non- tire Rubber

Plastics

Inks & Coatings

Others

Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Standard Grade

Specialty Grade

Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Russia

Asia Pacific

China

Japan

India

Indonesia

Malaysia

Thailand

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

South Africa

Key Companies & Market Share Insights

Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

In June 2023, Bridgestone Corporation announced the commencement of the development of tire-derived oil and recovered carbon black via pyrolysis of worn tires with the help of test units established at the Bridgestone Innovation Park in Tokyo. This is aimed at encouraging the social deployment of chemical recycling technologies that allow the efficient pyrolysis of worn tires.

In April 2023, Orion Engineered Carbons announced the implementation of its new cogeneration technology producing renewable energy in its Ivanhoe plant (Louisiana, U.S.). The system comprises a steam turbine generator, which ingests the waste steam from the production process of the carbon black plant and alters it to electricity.

In March 2023, Tokai Carbon Co., Ltd. entered into a strategic partnership with Sekisui Chemical Co., Ltd., for the real-world application of the Carbon Capture and Utilization (CCU) technology. This deal was aimed at manufacturing varied carbon products and materials for the capture and storage of carbon dioxide (CO2) as solid carbon.

Key Carbon Black Companies:

Orion Engineered Carbons Holdings GmbH

OMSK Carbon Group

Sid Richardson Carbon & Energy Co.

Tokai Carbon Co. Ltd.

Asahi Carbon Co. Ltd.

Ralson Goodluck Carbon

Atlas Organic Pvt. Ltd.

Continental Carbon Co.

OCI Company Ltd.

Birla Carbon

Bridgestone Corp.

Cabot Corp.

China Synthetic Rubber Corporation (CSRC)

Himadri Companies & Industries Ltd. (HCIL)

Mitsubishi Chemicals

Nippon Steel & Sumikin Chemical Co. Ltd.

Jiangxi Black Cat Carbon Black Inc.

Order a free sample PDF of the Carbon Black Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Innovations Driving Growth in the Metal Stamping Market

The global metal stamping market size was estimated at USD 236.83 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. 

Growing consumer electronics industry is likely to remain a key driving factor based on application of metal frames in mobile phones, headphones, speakers, and gamepads & controllers. In mobile phones, metal stamping is used in manufacturing antennas, chassis, and camera lens holders as it offers high tolerance, corrosion resistance, electrical conductivity, and a smooth finish. According to GSM Association, the global number of unique mobile subscribers was 5.31 billion in January 2021 and this number is growing at a rate of 1.8% per annum. This is likely to propel the demand for mobile phones and eventually metal stamping in coming years. 

Gather more insights about the market drivers, restrains and growth of the Metal Stamping Market

The U.S. is one of the prominent player in the industry. However, emergence of COVID-19 and subsequent temporary lockdown measures countrywide impacted operations of the industry. Downstream demand from key sectors including automotive, aerospace, industrial machinery, and others was largely disrupted owing to challenges in supply chain and dried-up demand from end-use customers. The situation has normalized as rate of vaccination has picked up pace. Growing demand for metal stamping in the U.S. has compelled manufacturers to expand their facilities.

For instance, in December 2020, General Motors Co. announced its plans about investing USD 6 million in its metal stamping facility in Parma, Ohio, U.S. The investment will be used to construct four new metal assembly cells to support increasing production of Chevrolet Silverado and GMC Sierra pickup trucks.

According to International Energy Agency (IEA), global EV sales surpassed 3.4 million, out of which, China accounted for over 50% in 2021. Government initiatives, such as electric car subsidies to local manufacturers to support growth of EVs are major factors responsible for increased production. This is likely to boost the usage of sheet metal during production of auto components.

These components include chassis, interior and exterior structural, and transmission components. This, in turn, is expected to drive market growth during the forecast period. Market growth can be hindered as automobile manufacturers are replacing metals with plastic and carbon fiber as they assist in weight reduction of vehicles. A 10% reduction in weight of the vehicle results in a 5% to 7% increase in fuel efficiency.

Increasing production of lightweight vehicles owing to stringent government regulations in various countries is anticipated to drive demand for substitute products. For instance, in the U.S., developments in the Corporate Average Fuel Economy (CAFE) regulations to enhance fuel efficiency are encouraging use of these substitute products in automobiles, which, in turn, is likely to hamper the market for metal stamping.

Metal Stamping Market Segmentation

Grand View Research has segmented the global metal stamping market report based on process, press type, thickness, application, and region:

Process Outlook (Revenue, USD Million, 2018 - 2030)

• Blanking

• Embossing

• Bending

• Coining

• Flanging

• Others

Press Type Outlook (Revenue, USD Million, 2018 - 2030)

• Mechanical Press

• Hydraulic Press

• Servo Press

• Others

Thickness Outlook (Revenue, USD Million, 2018 - 2030)

• Less than & up to 2.5 mm

• More than 2.5 mm

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• Industrial Machinery

• Consumer electronics

• Aerospace

• Electrical & Electronics

• Building & Construction

• Telecommunications

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

• Europe

o Germany

o UK

o Italy

• Asia Pacific

o China

o India

o Japan

• Central & South America

• Middle East & Africa

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global copper pipes and tubes market size was estimated at USD 22.52 billion in 2023 and is estimated to grow at a CAGR of 5.9% from 2024 to 2030.

• The global aerostructure materials market size was estimated at USD 82.63 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include CAPARO, Nissan Motor Co., Ltd and Goshen Stamping Company.

• CAPARO is mainly engaged in the designing, manufacturing, marketing, and distribution of value-added steel and niche emerging products. The group operates in North America, the UK, the Middle East, and India with its various subsidiaries such as Bull Moose Engineering Livonia, Caparo Engineering India Ltd – Chennai, and Caparo Middle East, among others.

• Nissan Motor Co., Ltd is engaged in the manufacturing, sales, and related business of automotive products. The company has several subsidiaries, dealers, and joint ventures, which are involved in R&D, design, production, automobile finance, and digital operations.

• Goshen Stamping Company specializes in producing high volumes with a combination of medium to high-speed presses with progressive dies. The company operates 36 presses ranging from 30-ton OBIs up to 400-ton SSDC. Its press bed sizes are up to 84" x 48" with stroke ranges from 2" to 8" for stamping. It offers a wide range of stampings in various materials such as carbon based steel, stainless steel, aluminum, or other metals.

• AAPICO Hitech Public Company Limited and Gestamp are some of the emerging market participants.

• AAPICO Hitech Public Company Limite is engaged in OEM auto parts manufacturing, car dealerships, and IoT connectivity and mobility. OEM auto parts manufacturing is further segmented into stamped or pressed parts, forged & machined parts, and plastic parts & plastic fuel tanks.

• Maoming Xingli Kaolin Co., Ltd. has a high-quality mine named acicular kaolin mine that spreads across 800 acres. The company offers several products such as bone china clay, clay for porcelain, kaolin clay, porcelain clay, and others. Its key focus is on washed kaolin (without acid), 90-degree ball clay, and 90- degree kaolin.

Key Metal Stamping Companies:

• Acro Metal Stamping

• Manor Tool & Manufacturing Company

• D&H Industries, Inc.

• Kenmode, Inc.

• Klesk Metal Stamping Co

• Clow Stamping Company

• Goshen Stamping Company

• Tempco Manufacturing Company, Inc

• Interplex Holdings Pte. Ltd.

• CAPARO

• Nissan Motor Co., Ltd

• AAPICO Hitech Public Company Limited

• Gestamp

• Ford Motor Company

Recent Developments

• In November 2023, Generational Growth Capital, an equity firm based in Milwaukee, U.S. acquired Federal Tool & Engineering, BP Metals, and Rockford Specialties based in Wisconsin, Minnesota and Illinois, U.S. respectively. The three manufacturers are metal stamping and structural steel manufacturers. This will enable the new entity to tap into various benefits such as expanding its manufacturing capacity, and support customers with interrupted delivery through a strong logistics supply chain.

• In October 2023, Ryerson acquired Norlen Inc., a metal stamping fabricator based Wisconsin, U.S. for an undisclosed sum. The latter mainly caters to the agricultural and defense markets.

• In June 2023, General Motors announced that it would be investing more than USD 500 million into its Arlington, Texas, U.S. assembly plant to produce the next generation SUVs. It intends to purchase new equipment for metal stamping, the body shop and other assembly parts.

Order a free sample PDF of the Metal Stamping Market Intelligence Study, published by Grand View Research.