#Consumer Electronics forecast

[electronalytics]

Heat Sink for Consumer Electronics Market

[writerblogs]

Global Solar Micro Inverter Market Is Estimated To Witness High Growth Owing To Increasing Adoption of Solar Energy

The global Solar Micro Inverter Market is estimated to be valued at US$ 231 million in 2021 and is expected to exhibit a CAGR of 18.3% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Solar micro inverters are small inverters that are connected to individual solar panels and convert the DC power generated by the panels into AC power for use in homes and businesses. These micro inverters offer several advantages over traditional central inverters, including increased energy production, improved safety, and enhanced monitoring capabilities. The increasing adoption of solar energy as a sustainable and renewable source of power is driving the demand for solar micro inverters. With the growing concerns over climate change and the need to reduce greenhouse gas emissions, more countries are investing in solar energy projects. Solar micro inverters play a crucial role in maximizing the energy production from solar panels and improving the overall efficiency of solar systems. B) Market Key Trends: One key trend in the Solar Micro Inverter Market is the integration of advanced monitoring and control systems. These systems provide real-time data on the performance of individual solar panels, allowing users to identify and address any issues that may impact energy production. For example, Enphase Energy Inc., one of the key players in the market, offers an Envoy-S gateway system that provides detailed performance data for each micro inverter in a solar system. The advanced monitoring and control systems not only enable efficient energy management but also help in identifying potential faults or failures in the system, allowing for timely maintenance and repairs. This trend is expected to drive the demand for solar micro inverters, as it offers users greater control and transparency over their solar energy systems. C) PEST Analysis: Political: Governments worldwide are implementing favorable policies and regulations to promote the adoption of renewable energy sources, including solar power. For example, the U.S. government offers tax credits and incentives for residential and commercial solar installations, which is driving the demand for solar micro inverters. Economic: The decreasing costs of solar panels and the increasing efficiency of solar micro inverters are making solar energy more economically viable. Additionally, the potential cost savings from reduced energy bills and the opportunity to sell excess power back to the grid are further driving the adoption of solar micro inverters. Social: The increasing awareness about environmental issues and the desire to reduce carbon footprints are influencing consumers to opt for renewable energy sources like solar power. Solar micro inverters provide a more sustainable and eco-friendly alternative to traditional central inverters, contributing to the overall social acceptance of solar energy. Technological: Advancements in technology have led to the development of more efficient and reliable solar micro inverters. These inverters now offer features like maximum power point tracking (MPPT), which enables them to optimize energy production even in varying weather conditions. Furthermore, the integration of internet of things (IoT) technology allows for remote monitoring and control of solar systems. - Key players operating in the global solar micro inverter market include SunPower Corporation, Enphase Energy Inc., iEnergy Co. Ltd., Altenergy Power System Inc., Chilicon Power, LLC, SMA Solar Technology AG, Sparq Systems, Northern Electric and Power Co. Ltd, ABB Ltd., LG Electronics, and Darfon Electronics Corporation. These players are focusing on product innovations and strategic collaborations to gain a competitive edge in the market.

[mdashikurrahmanbd]

Google is adding Chrome browser to the car

Good news for Android Auto app users. In addition to adding the Chrome browser to its Android Auto app, Google has taken the initiative to launch several new facilities to provide the opportunity to use the Internet comfortably in the car.

Initially, there will be an opportunity to use chrome browser on cars of various brands including Volvo, Paulster. Google made the announcement at the Consumer Electronics Show (CES) in Las Vegas, USA.

Thomas Ingenlath, chief executive officer of Polstar, said that Chrome browser can be used in our cars, which is very happy news. The Chrome browser will be associated with the user’s Google account. As a result, you can easily find your favorite topics online. However, until the Chrome browser is added, Polstar cars will use another browser called Vivaldi.

According to Google, in addition to using the Chrome browser, Android Auto will also provide updated information on the car’s battery. Even after reaching the destination, how much charge can be left, the information will also be known. As a result, you don’t have to worry about the battery of the electric car running out of charge on the road. Along with this feature, Android Auto will also add video streaming and weather forecast apps.

Recently, Google announced the addition of video conferencing software ‘Microsoft Teams’ to the Android Auto app. When this facility is launched, there will be an opportunity to hold important online meetings through Microsoft Teams while driving. However, Google has not given any specific information about when these facilities will be launched.

Source: TechCommittee

#TechCommittee #GoogleChrome #GoogleChromeBrowser #GoogleChromeBrowserInCar #Tech #Technology

[workersolidarity]

🇺🇲 🏦 🚨 U.S. RETAIL SALES DOWN 3.1 pct YEAR-ON-YEAR FROM 2022

U.S. retail sales, excluding consumer vehicles, grew 3.1% year-on-year for the period from Nov. 1st 2023 to Dec. 24th 2023, according to preliminary data from the MasterCard Spending pulse report issued on Tuesday.

Previously, the U.S. economy recorded a 7.6% year-on-year expansion, writes Xinhua News Agency.

In further detail, online retail sales grew by 6.3% year-on-year, while brick-and-mortar retail only grew by 2.2% year-on-year.

Restaurant sales saw a year-on-year expansion of 7.8% for the same period, while sales in Jewelry shrank by 2% and sales in electronics were down 0.4%.

Data was based on non-inflation adjusted aggregate sales activity from the MasterCard payments network in combination with survey-based estimates for certain payment forms including cash and check.

Further, the U.S. National Retail Foundation forecast for holiday spending for Nov. and Dec. 2023 expected growth of a projected 3-4% over 2022 to between $957.3 billion to $966.6 billion.

#source

@WorkerSolidarityNews

[chemanalyst]

Melamine Market is Expected to Grow at a CAGR of 3.87% during the forecast period until 2032

The melamine market has witnessed remarkable growth and diversification in recent years, propelled by a myriad of factors shaping the global landscape. Melamine, a nitrogen-rich organic compound, finds extensive applications across various industries, including construction, automotive, textiles, packaging, and food service. Its unique properties, such as high flame resistance, thermal stability, durability, and chemical inertness, have made melamine a versatile and indispensable material in numerous manufacturing processes and end-use applications.

One of the primary drivers of the melamine market is the increasing demand from the construction industry. Melamine-based products, such as melamine formaldehyde resins and melamine foam insulation, are widely used in construction applications such as laminates, decorative panels, flooring, countertops, and insulation materials. With rapid urbanization, infrastructure development, and construction activities on the rise globally, the demand for melamine-based construction materials is expected to surge.

Read Full Report: https://www.chemanalyst.com/industry-report/melamine-market-812

Moreover, the automotive sector represents another significant market for melamine, driven by the increasing demand for lightweight, durable, and aesthetically appealing materials. Melamine-based components, such as automotive interior trim, dashboard panels, door panels, and decorative parts, offer excellent properties such as scratch resistance, color stability, and surface finish, thereby enhancing the overall aesthetics and functionality of vehicles. As automotive manufacturers focus on improving fuel efficiency, reducing emissions, and enhancing passenger comfort and safety, the demand for melamine-based automotive materials is projected to grow substantially.

Furthermore, the textiles industry presents lucrative opportunities for the melamine market, particularly in the manufacturing of melamine-formaldehyde resins for textile finishing and coating applications. Melamine resins impart crease resistance, wrinkle resistance, and color fastness to textiles, thereby enhancing their durability, appearance, and performance. With the growing demand for high-quality textiles, home furnishings, and apparel, the demand for melamine-based textile additives is expected to increase.

Additionally, the packaging industry represents a significant market for melamine, driven by the rising demand for lightweight, durable, and eco-friendly packaging materials. Melamine-based products, such as melamine-formaldehyde resins and melamine foam packaging, offer excellent properties such as thermal insulation, moisture resistance, and shock absorption, making them ideal for packaging applications such as food packaging, electronics packaging, and industrial packaging. As consumers increasingly prioritize sustainability, recyclability, and environmental friendliness, the demand for melamine-based packaging solutions is expected to grow.

Despite the promising outlook, the melamine market faces challenges and constraints, including fluctuating raw material prices, regulatory compliance issues, and environmental concerns related to formaldehyde emissions. However, industry stakeholders are actively addressing these challenges through initiatives focused on product innovation, sustainability, and regulatory compliance. Moreover, strategic partnerships, mergers, and acquisitions are driving consolidation and market expansion in the melamine industry.

In conclusion, the melamine market is poised for continued growth and innovation, driven by its versatile applications, inherent properties, and compatibility with evolving market trends. By leveraging its strengths in construction, automotive, textiles, packaging, and other sectors, the melamine market can navigate towards a more sustainable and prosperous future, ensuring its relevance and competitiveness in the global marketplace.

About us:

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Contact us:

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New York, NY

United States, 10170

Email-id: sales@chemanalyst.com

Mobile no: +1-3322586602

[srilatha]

In Mould Labelling Market - Forecast(2023 - 2028)

In mould labelling market size is forecast to reach US$2.9 billion by 2026, after growing at a CAGR of 5% during 2021-2026 owing to rising demand from various end-use industries such as consumer goods, home, and personal care, food and beverage, and electronics and electrical industr

[factretrieve]

Top 6 Best Data Collection Tools That Make Your Analysis Better

The fundamental necessity for data collecting is to collect high-quality evidence that strives to answer all of the concerns posed. Businesses and management can derive quality information from data collection, which is required to make informed decisions.

The process of gathering, measuring, and evaluating data from various sources to answer research questions is known as data collection. Researchers can use the insights gained from the data collection process to evaluate outcomes, forecast trends, and explore possibilities. Collecting data is the most essential aspect of research for a researcher. The type of data collected may vary depending on the subject of study.

Hence, Collecting data on the relevant information can improve your business workflow. However, you may find the data collection process time-consuming and costly, but proper strategies can make it easier. As electronic media and the internet continue to evolve, online sources become increasingly accessible for gathering data and reusing it for further research and decision-making.

All right, let’s dive in. Today, we’ll show you how to use data collection tools that make it easy to collect different types of data.

What Are Data Collection Tools?

Data collection tools are devices or instruments for gathering data. Different Data collection tools use various techniques as their primary working principles. Not all tools are capable of functioning on all types of techniques. These tools are more developed especially for gathering specific types of information by applying individual data collection methods.

It is important to select data-gathering tools since research is conducted in several ways and for several use cases. The ultimate purpose of data collecting is to collect high-quality evidence that can be analyzed to produce convincing and reliable answers to the questions addressed.

Types of Data Collection

Before delving into the various forms of data acquisition. It is important to note that data gathering is divided into two major categories: primary data collection and secondary data collection.

1. Primary Data Collection

By definition, primary data collection is the collection of raw data at the source. It is the process of gathering original data collected by a researcher for detailed research purposes. It can be divided into two categories such as qualitative research and quantitative data-gathering methods.

Qualitative Method

The qualitative research methods of data collection do not involve the collection of data that involves numbers or a need to be deduced through a mathematical calculation, rather it is based on non-quantifiable elements like the feeling or emotions of the researcher. An example of such a method is an open-ended questionnaire.

Quantitative Method

Quantitative approaches are presented numerically and must be deduced mathematically. A questionnaire with closed-ended questions, for example, might be used to arrive at values to be calculated mathematically. Also included are correlation and regression methods, as well as mean, mode, and median.

Now you may have a brief understanding of what is Primary data Collection and its categories Qualitative research and Quantitative method. Let us look at the different primary data collection methods:

Interviews

In this method of data collecting, The researcher will ask questions to a specified group of people, either directly or via phone or email. It is one of the most prevalent methods of acquiring information.

Surveys

It is a great option to directly ask customers questions. There was a time when you had to hand in paper questionnaires, wait for responders to complete the survey, then manually collect and analyze each one. Fortunately, there are online survey tools that simplify the entire procedure. With online survey tools, you can build surveys in minutes, receive responses in real time, and even evaluate the results using the reporting dashboard. Surveys can be shared using email, social media, or web forms.

Focus Groups

A group of six to a dozen people are interviewed at the same time. A moderator will discuss the topic and lead the discussion forward. The presence of a large number of relevant individuals at the same time can encourage good debate on the subject. It assists the moderator and researchers in uncovering information that they may not have considered previously. As they gather ideas from many sources, the researchers gain a more balanced perspective.

Observation

Direct observation is also a low-cost method of data collection. You must devise an appropriate mechanism for making the observation. Non-responsive participants are not a concern when conducting the simple observation. If the observation does not require interpretation, the model does not necessitate considerable training for the observer.

Polls

Polls are an excellent way to quickly gauge the mood of your audience. They can be single or multiple-choice questions, and because they are usually brief, you can readily elicit a large number of responses. You can embed polls on multiple platforms, and once the responses are collected, you can share the results with the participants to see where they stand in comparison to others.

Social Media Monitoring

Another excellent source of customer data is social media. You can acquire significant insights into your customers’ interests and motivations by learning which other brands they follow, what common features they have, and the kind of interactions they have on forums. The analytics engine incorporated into most social media platforms delivers extensive and organized insights from many sources.

Online Tracking

Your website and mobile app are great places to capture client information. You can gain vital insights into your website visitors’ behavior by collecting over 40 data points from them. This information will tell you how long they spent on the site, which pages they viewed, which areas of the site they clicked on, and so on. You can improve your website and mobile app by better knowing your clients’ demands.

Online Marketing Analytics

Your marketing campaigns can be used to gather a lot of useful information. The marketing tool you use will provide you with information on who clicked on the advertisement, what device they used, when they clicked, where they came from, Demographics, and other details.

Delphi Technique

Here, forecasts produced by specialists in the niche are given to market professionals together with their estimates and assumptions. Depending on the new information that they are exposed to, these experts might change their projections and assumptions. The final demand projection is determined by the collective opinion of all specialists.

2. Secondary Data Collection

Secondary data collection, on the other hand, refers to the gathering of second-hand data by someone who is not the original user. It is the process of gathering already published data, such as books, journals, and/or web portals. It is substantially less expensive and easier to collect in terms of convenience.

There are no specialized methods for this, unlike primary data collection. The researcher collects data from a variety of sources, including the following:

Business magazines

Sales reports

Business journals

Financial statements

Government records

Customer personal information

Distributor feedback

Benefits of Data Collections Tools

When you get your hands on the correct online data-collecting tool, you’ll realize what you’ve been missing. When you don’t have a framework in place, it’s difficult to grasp the potential of these products since their reach is so vast. Below, we will examine some of the numerous advantages that such data analytics technologies provide to businesses of all sizes and stages.

Research integrity: A crucial reason for gathering data, whether quantitative or qualitative, is to guarantee that the integrity of the research topic is maintained.

Decision-making: To reduce the risk of decision-making errors, proper data must be obtained so that the researcher does not make uninformed decisions.

Reduces the possibility of errors: The use of appropriate data collection procedures decreases the possibility of errors.

Saves cost: The researcher will be able to devote time to gathering the necessary data. Otherwise, they may work on the project for months or years only to discover that it is not possible at all.

Supports change: Repeated data collection ensures that you are aware of any changes that may be required or the introduction of new information depending on the data that has been collected.

Here are the Top 6 Data Collection Tools That Help You Make Informed Decisions. Data-gathering apps are an important aspect of doing secure and reliable research. Choose data-gathering software that provides accurate results and a thorough evaluation so you may tweak the data to acquire information. Choose the best data-gathering software to make your data-collection process easier.

[strangemusictriumph]

Fingerprint Sensor Market - Forecast (2022 - 2027)

The rising need of multi-factor authentication method across consumer electronics, banking and financial sectors is set to grow the fingerprint sensor that was already valued to be $4.68 billion in 2018 and is expected to grow at a CAGR of 14% during forecast period 2019-2025. Factors such as the proliferation of fingerprint sensors in smartphones and other consumer electronics, government support for the adoption of fingerprint sensors in BFSI industry, and the use of biometrics in mobile commerce are driving the growth of the market. The adoption of fingerprint protection by smartphones to secure stored data and the essential bank options such as OTP and mobile banking applications are expected to fuel the fingerprint sensor market. According to the statics provided by TrendForce, growth in the share of smartphone shipments incorporated with fingerprint sensor increased from 29% in 2015 to 60% in 2018, which is likely to augment the fingerprint sensor market further during the forecast period. 

On the other hand, increasing support from the government for the adoption of fingerprint sensors, along with use of biometrics in BFSI, and law enforcement sectors has been driving the fingerprint sensor market. The fingerprint devices in BFSI will help in authenticated transaction with fingerprint to prevent fraud that will lead the growth of fingerprint sensor market. 

In fingerprint sensors market below developments would make dynamical changes, which in turn, will augment the market in terms of revenue: 

A Swedish fingerprint sensor company, Fingerprint Cards AB, shipped one billion fingerprint sensors worldwide in Q1 2019. Going forward, the company is estimated to reach 2 billion of sensors shipment globally by the end of 2019, which will show significant growth in overall fingerprint sensor market. 

The development in mobile fingerprint devices by Metropolitan Police Service can scan suspect fingerprints and returns any match to police databases within 60 seconds that is one of the emerging innovation for law enforcement. 

These developments and innovations are expected to grow the of fingerprint sensor market globally. 

Fingerprint Sensor Market Report Coverage

The report: “Fingerprint Sensor – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Fingerprint Sensor Market.

By Type: Area, Touch, Swipe, Fingerprint Sensor Modules

By Technology: Capacitive Sensor, Optical Sensor, Thermal Sensor, Pressure Sensor, RF Sensor, Ultrasonic Sensor, Others

By Application: Desktop, Laptop, Smartphones, Wearable Devices, Tablets, Gaming Consoles, Notebooks, Security & Alarm Solutions, Government & Law Enforcement, Others.

By Industry: Defense, Retail, Education, Healthcare, BFSI, Government, Commercial, Manufacturing/Industrial, Telecommunication, Travel & Immigration, Others

By Geography: North America, South America, Europe, Asia-Pacific, RoW 

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Key Takeaways

The major driving factor in the fingerprint sensor market is the increasing demand of smartphones with high-end technologies and fingerprint specifications, which are likely to grow the fingerprint sensor market during the forecast period.

The BFSI sector in the fingerprint sensor market is expected to grow at a CAGR of 19% during the forecast period. The increased need for multi-factor authentication systems in banking is being more prominent and increasing the demand for fingerprint sensors within this application.

APAC holds the largest market for the fingerprint sensors market accounting to around 34% of the global market share owing to the increased demand for consumer electronics such as smartphones, and wearable devices and so on, which are installed with fingerprint sensors.  Moreover, the BFSI sector will be showing significant growth in the adoption of fingerprint to prevent the fraud cases.

Fingerprint Sensor Market Segment Analysis - By Technology

The capacitive and optical sensor technology are the most common type of fingerprint scanner, being used nowadays. The market is expanding significantly owing to increasing demand for secure consumer electronics and an overall need for rigid security. 

Apart from that, the optical fingerprint scanner is now being used in most cost-effective hardware these days. These sensor are gaining prominence due to increasing popularity of in-display fingerprint sensors. Essential technology such as optical sensors has the viability to work efficiently with smartphones and provide multi-factor authentication systems in mobile banking ecosystem, which is likely to grow the fingerprint sensor market positively. 

In 2019, a biometrics company Fingerprint Cards AB, introduced its FPC1610 sensor prototype using optical in-display fingerprint sensor for smartphones. These developments will show significant growth for in-display optical fingerprint sensors in the market.

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Fingerprint Sensor Market Segment Analysis - By Industry

The BFSI industry in fingerprint sensor market is expected to grow with the fastest CAGR of 19% during the forecast period. The banks are extensively working on payments cards with in-built fingerprint sensors, in order to end the need of PINs to make payments much secure. This will allow the most secure authentication mechanism for account holders.  

Moreover, the government support for the adoption of fingerprint sensors owing to keep the security for unique identification and verification of individuals in e-Governance applications are expected to propel the growth of the fingerprint sensor market.

On the other hand, consumer electronics is one of the major market for fingerprint sensors. Various biometric incorporated devices such as smartphones, tablets, gaming consoles, and notebooks are expected to fuel the fingerprint sensor market.  The growing trend of bezel-less screens feature, using OLED display, in smartphones has led the manufacturers to develop high-end in-display fingerprint sensors technology that occupy less space. This in-display fingerprint sensors will be incorporated in OLED displays using optical or ultra-sonic sensor technology.   Hence, the adoption of in-display fingerprint sensors is expected to fuel the demand for ultrasonic and optical in-display fingerprint sensors, which is rising at the rate of 14% in 2019. 

Fingerprint Sensor Market Segment Analysis - By Geography

The Asia Pacific region is the largest revenue contributor for the fingerprint sensors market, with a share of 34% in 2018. The rising adoption in mobile banking applications, collaborative innovations, updating smart devices, and, of course, security concerns in this region has resulted in increased demand for fingerprint sensors in this region. 

Moreover, the demand for fingerprint technology in China has grown tremendously, especially in the consumer electronics, commercial, healthcare, government and banking sectors owing to protect the data from threats. Based on the statics of Statista, the consumer electronics user penetration in China is expected to hit from 23.4% in 2019 to 35.3% in 2023. Following this current market trend, numerous consumers are willing to transact using smart devices that integrate biometric identification systems for providing more security during transactions. 

Recently in March 2019, NEXT Biometrics, a Norwegian fingerprint sensors company, signed an agreement with an Asian smart card manufacturer in order to launch contact-based and dual interface biometric smart cards in the Asia Pacific region. This will lead to increased demand for fingerprint sensors technology in coming years. 

Similarly, in India, the increasing use of smartphones and other consumer appliances are witnessing a huge growth in terms of revenue. The smartphone penetration rate in India is expected to reach from 2018 in 26% to 36.2% in 2022. Thus, the growth in smartphones will significantly grow the fingerprint sensor market in this region. On the other hand, the government initiatives such as UIDAI for unique identification for individual citizen that is registered with fingerprint is expected to propel the growth of fingerprint market. Similar initiatives are being taken by other governments around the world, eventually leading to increasing demand of fingerprint sensors in the near future.

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Fingerprint Sensor Market Drivers 

Major adoption of Biometrics in Law Enforcement and Government Applications:

Within law enforcement, biometrics authentication is playing a key role in providing criminal ID solutions such as Automated Fingerprint Identification Systems (AFIS). This solution enables law enforcement agencies to identify and store data of the criminals. Moreover, unique identification initiatives taken by government, eventually driving the need of fingerprint sensors across all the application in a country.

Emergence of fingerprint sensors enabled smartphones: 

Smartphones have increased penetration of in-display fingerprint sensing technology. Most smartphone manufacturers such as Samsung, Vivo, Huawei and Xiaomi are launching models that are integrated with fingerprint sensors. According to the Global Systems for Mobile Communications (GSMA), there were a total number of 5 billion mobile users at the end of 2017, and the production of mobile phones will grow at a CAGR of 2.1% during the forecast period of 2017 to 2025, and is expected to reach 5.9 billion in 2025. Thus, increasing demand for smartphones with advanced sensing technologies will create enhanced opportunities for the fingerprint sensors market.

Fingerprint Sensor Market Challenges

Integration of biometrics in to the devices is increasing the competition for fingerprint devices

The ability of biometrics is to access the biological parameters such as iris/retina, voice, pulse, DNA, and vein, provide the advance level of security. Since every individual possesses unique physiological features, which can’t be easily swapped, shared, or stolen. In biometrics, the recognition accuracy, integration and resetting ability is not working effectively, which are causing fall in the biometrics usage. Hence, the development in fingerprint sensor to make the module compact, thin, and easy to integrate with better recognition accuracy can reduce the use of other biometrics. 

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Market Landscape

Partnerships and acquisitions along with product development and up-gradation are the key strategies of the top players in the Fingerprint Sensors Market. The major players in the Fingerprint Sensor include Apple, Goodix, Egis Technology, Fingerprint Cards, Synaptics, IDEMIA, NEXT Biometrics, Anviz Global, IDEX ASA and Gemalto among others.

Partnerships/Mergers/Acquisitions

In March 2019, Gemalto acquired Green Bit to offer biometric scanners as part of complete automated fingerprint identification system (AFIS). This deal have been done by noticing an increase use of biometric scanners by governments for identity management purposes.

In May 2019, NEXT Biometrics and Newland entered into a supply agreement with Fujian Newland Payment Technology Co., Ltd. to provide an integration of different types of NEXT Biometrics' high-quality, large-area fingerprint sensors on a global scale.

In September 2018, HID Global, a leader in trusted identity solutions, announced that it acquired Crossmatch, a leader in biometric identity management and secure authentication solutions. Under this acquisition, Crossmatch’s biometric identity management hardware and software will complement HID’s broad portfolio to make major providers of fingerprint biometric technologies.

R&D Investments/Funding

In April 2019, Wales-based fingerprint biometrics startup Touch Biometrix has received $2.2m in VC Funding. The firm claims it will help boost the further growth of its fingerprint sensor technology. The solution price will be less than $1 per sensor and the manufacturing will continue to being by 2020.

In June 2018, Valencell captured $10.5M in Series E financing led by Sonion. The startup intends to use the financing to grow its technology and team of biometric sensors. 

Fingerprint Sensor Market Research Scope: 

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Fingerprint Sensor Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the type, technology, application, industry and geography analysis of Fingerprint Sensors Market.

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[marketresearchintent]

Propylene Carbonate Market Insights: Expected to Grow at a CAGR of 6.1% Through 2030

The propylene carbonate market has seen remarkable growth, with recent forecasts highlighting a promising future. According to Intent Market Research, the global propylene carbonate market was valued at USD 387.5 million in 2023 and is expected to surpass USD 586.5 million by 2030, with a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. This article explores the factors contributing to this market’s expansion, including advancements in technology, increasing applications, and emerging market trends.

What is Propylene Carbonate?

Propylene carbonate (PC) is an organic compound widely used across various industries. With its transparent, odorless, and biodegradable properties, propylene carbonate serves as a high-performance solvent. It has applications in fields like electronics, cosmetics, and automotive, which have played a significant role in driving the demand for propylene carbonate in recent years.

Download Sample Report @ https://intentmarketresearch.com/request-sample/propylene-carbonate-market-4101.html  

Applications of Propylene Carbonate

Propylene carbonate finds use in multiple sectors due to its favorable properties. Here are the primary applications driving its market growth:

Electronics and Lithium-Ion Batteries: Propylene carbonate is a key component in lithium-ion batteries, where it acts as an electrolyte solvent. With the surge in demand for electronic devices and electric vehicles, the need for lithium-ion batteries has risen dramatically, consequently boosting the demand for propylene carbonate.

Cosmetics and Personal Care: In the cosmetics industry, propylene carbonate is used as a solvent in formulations, helping enhance product stability and performance. Its non-toxicity and biodegradability make it an ideal choice for eco-conscious beauty and personal care brands.

Paints and Coatings: Propylene carbonate is used as a solvent in paints, coatings, and inks due to its excellent solubility and environmentally friendly nature. It offers effective solutions for formulations requiring a high flash point and low volatility.

Other Industrial Applications: Beyond these sectors, propylene carbonate is also used in adhesives, cleaning agents, and chemical intermediates, thanks to its versatile solvent properties.

Market Dynamics Driving Growth

1. Growing Demand for Lithium-Ion Batteries

With the world moving toward cleaner energy solutions, the lithium-ion battery industry has exploded. Electric vehicles, consumer electronics, and renewable energy storage systems all rely on lithium-ion batteries, where propylene carbonate is an essential electrolyte solvent. This rising demand for lithium-ion batteries has driven up the production and consumption of propylene carbonate.

2. Shift Toward Environmentally Friendly Solvents

As industries move toward greener practices, propylene carbonate has gained favor due to its non-toxic, biodegradable nature. Its eco-friendly profile makes it a valuable alternative to traditional solvents, allowing manufacturers to reduce their environmental impact while delivering high-performance products.

3. Expanding Cosmetic and Personal Care Market

With the growth of the cosmetics and personal care industries, particularly in developing economies, the need for high-quality, sustainable ingredients has increased. Propylene carbonate, with its stability and favorable chemical profile, has found a solid foothold in this industry, supporting the market’s expansion.

4. Growth in the Paints and Coatings Sector

The paints and coatings industry has continued to expand with urbanization and infrastructure development, particularly in Asia-Pacific and the Middle East. Propylene carbonate’s solvent properties have made it a crucial ingredient in paints and coatings, further contributing to market growth.

Regional Insights and Market Segmentation

1. North America

North America holds a significant share in the propylene carbonate market, driven by robust demand in electronics, automotive, and personal care industries. The U.S. is a primary contributor, with investments in electric vehicle manufacturing and renewable energy storage solutions fueling demand.

2. Asia-Pacific

The Asia-Pacific region is anticipated to witness the fastest growth due to the high adoption rate of electric vehicles, rapid industrialization, and increasing disposable income. China and Japan are at the forefront of the region’s expansion, with strong demands in electronics manufacturing and lithium-ion battery production.

3. Europe

Europe, particularly Western Europe, has shown steady demand for propylene carbonate, mainly driven by environmental regulations encouraging sustainable solvent solutions. The European Union's commitment to reducing carbon emissions has also propelled the electric vehicle sector, increasing the need for propylene carbonate.

4. Latin America and Middle East & Africa

Emerging economies in Latin America and the Middle East are experiencing growth in industrial applications, cosmetics, and personal care markets. Although these regions currently hold smaller market shares, their potential for rapid development makes them promising growth areas for propylene carbonate.

Access Full Report @ https://intentmarketresearch.com/latest-reports/propylene-carbonate-market-4101.html 

Market Challenges

1. Raw Material Price Fluctuations

The production cost of propylene carbonate is significantly influenced by raw material prices, such as propylene oxide. Fluctuating costs can impact profitability and pricing for manufacturers, creating challenges in sustaining consistent supply at competitive prices.

2. Competition with Alternative Solvents

Although propylene carbonate is valued for its eco-friendly properties, it competes with other green solvents, such as ethyl lactate and dimethyl carbonate, in several applications. The availability and popularity of these alternatives can affect propylene carbonate’s growth trajectory.

Future Market Trends

1. Increased Adoption in Electric Vehicle Batteries

With the automotive industry rapidly transitioning to electric vehicles, the need for lithium-ion batteries—and therefore propylene carbonate—is expected to grow. Investments in EV production and battery technology will likely drive demand further.

2. Innovation in Cosmetic Formulations

In the cosmetics industry, there is a growing demand for natural, sustainable ingredients. Innovations that leverage propylene carbonate’s solubility and stability properties could drive new formulations, broadening its use and increasing its demand in personal care products.

3. Research and Development for New Applications

Ongoing research aims to discover new applications and improve existing uses of propylene carbonate, especially in energy storage and sustainable chemicals. As research advances, propylene carbonate may find new industrial applications, bolstering market growth.

FAQs

1. What is propylene carbonate used for? Propylene carbonate is widely used as a solvent in applications including lithium-ion batteries, cosmetics, paints, coatings, and adhesives.

2. Why is propylene carbonate popular in lithium-ion batteries? It serves as an electrolyte solvent, offering stability and efficiency, essential for energy storage solutions, especially in electric vehicles and consumer electronics.

3. How is the propylene carbonate market expected to grow? The market is expected to grow at a CAGR of 6.1% from 2024 to 2030, reaching approximately USD 586.5 million by 2030 due to rising demand in various industries.

4. Is propylene carbonate environmentally friendly? Yes, it is biodegradable and considered a greener alternative to traditional solvents, making it a popular choice in industries focusing on sustainability.

5. Which regions lead the propylene carbonate market? North America, Asia-Pacific, and Europe are the leading regions, driven by demand in electronics, automotive, and personal care industries.

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Lithium-ion Battery Materials Market expected to grow from USD 48.6 billion in 2023 to USD 120.3 billion by 2030, at a CAGR of 13.8%

Lithium-ion Battery Materials Market: Growth, Trends, and Forecast (2024 - 2030)

The lithium-ion battery materials market is experiencing rapid growth, with an estimated value of USD 48.6 billion in 2023. This market is expected to surpass USD 120.3 billion by 2030, expanding at a compound annual growth rate (CAGR) of 13.8% during the forecast period from 2024 to 2030. The rise in demand for electric vehicles (EVs), renewable energy storage solutions, and consumer electronics is driving this growth, along with advancements in battery technology.

What Are Lithium-ion Batteries?

Lithium-ion batteries are a type of rechargeable battery widely used in consumer electronics, electric vehicles, and energy storage systems. These batteries are favored for their high energy density, lightweight design, long cycle life, and relatively low self-discharge rate. They consist of several key materials, including cathodes, anodes, electrolytes, and separators, each playing a crucial role in the performance of the battery.

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Key Drivers of Growth in the Lithium-ion Battery Materials Market

Several key factors are contributing to the growth of the lithium-ion battery materials market:

1. Surge in Electric Vehicle Demand

One of the most significant factors driving the lithium-ion battery materials market is the increasing adoption of electric vehicles. As governments around the world push for cleaner and more sustainable transportation options, EVs are becoming more mainstream. The need for advanced batteries that offer high energy density and long driving ranges is fueling demand for lithium-ion battery materials.

2. Expansion of Renewable Energy Storage

As renewable energy sources like solar and wind power continue to grow, the demand for efficient energy storage systems also increases. Lithium-ion batteries are ideal for storing renewable energy, as they offer high efficiency, fast charging capabilities, and the ability to store energy for later use. The rising demand for grid-scale energy storage systems is further driving the need for lithium-ion battery materials.

3. Growing Consumer Electronics Market

The consumer electronics market, including smartphones, laptops, tablets, and wearables, is another major driver of the lithium-ion battery materials market. These devices rely heavily on lithium-ion batteries due to their compact size and high energy efficiency. As consumer demand for advanced electronics continues to rise, the need for lithium-ion batteries will follow suit.

4. Technological Advancements in Battery Efficiency

Research and development in battery technologies are continually improving the performance and efficiency of lithium-ion batteries. Advancements in battery chemistry, including the use of alternative materials for the cathode and anode, are increasing energy density, charging speed, and overall lifespan. These innovations are making lithium-ion batteries more attractive for various applications, driving demand for the materials used in their production.

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Lithium-ion Battery Materials: Types and Components

Lithium-ion batteries are made up of several key materials, each of which is critical to the battery’s performance. The major components of lithium-ion batteries include:

1. Cathode Materials

The cathode is the positive electrode of the battery, and its material plays a significant role in determining the battery’s overall performance, including energy density, stability, and lifespan. Common cathode materials include:

Lithium Cobalt Oxide (LiCoO2): Known for its high energy density, this material is commonly used in consumer electronics.

Lithium Iron Phosphate (LiFePO4): Known for its stability and safety, this material is increasingly used in electric vehicle batteries.

Nickel Manganese Cobalt (NMC): A widely used cathode material in EV batteries due to its high energy density and thermal stability.

2. Anode Materials

The anode is the negative electrode of the battery, and its material influences the charge and discharge rates of the battery. Common anode materials include:

Graphite: The most common anode material used in lithium-ion batteries. It offers good energy density and cycling stability.

Silicon-based Anodes: These anodes offer higher capacity than graphite and are becoming increasingly popular in next-generation batteries.

3. Electrolytes

Electrolytes are the medium through which ions move between the anode and cathode during the charging and discharging process. Electrolytes are typically lithium salts dissolved in organic solvents, and they play a crucial role in determining the battery's performance, safety, and lifespan.

4. Separators

Separators are thin films that prevent the anode and cathode from coming into direct contact while allowing the flow of ions. These materials are typically made from polyethylene or polypropylene and are crucial for ensuring the battery's safety and efficiency.

Some of the Major Players :

3M

BASF

BTR New Material Group

JFE Chemical

Kureha Corporation

Landf

NEI

POSCO Future M

Resonac

SGL Carbon

Sumitomo Metal Mining

Tanaka Chemical

Toda Kogyo

UBE

Umicore

among others.

Regional Insights: Lithium-ion Battery Materials Market

The lithium-ion battery materials market is experiencing growth in multiple regions around the world. The market dynamics in each region are influenced by local demand for electric vehicles, consumer electronics, and energy storage solutions.

1. North America

North America is expected to see significant growth in the lithium-ion battery materials market, primarily due to the rising adoption of electric vehicles and renewable energy storage solutions. The United States is home to several key players in the electric vehicle and battery manufacturing industries, including Tesla, which is driving demand for lithium-ion batteries.

2. Europe

Europe is another key market for lithium-ion battery materials, driven by the European Union’s push toward electric vehicles and clean energy. Many European countries have set ambitious goals for reducing carbon emissions and increasing the use of renewable energy, creating a strong demand for efficient energy storage solutions and electric vehicles.

3. Asia-Pacific

The Asia-Pacific region is the largest market for lithium-ion battery materials, with countries like China, Japan, and South Korea leading the way. China, in particular, is a major consumer and manufacturer of lithium-ion batteries, driven by its large electric vehicle market and dominance in the global supply chain for battery materials.

4. Latin America and Middle East & Africa (MEA)

The market in Latin America and MEA is smaller compared to other regions, but it is expected to grow steadily due to increasing investments in electric vehicles and renewable energy projects. Countries like Brazil and the UAE are making strides in these areas, which will boost demand for lithium-ion battery materials.

Challenges in the Lithium-ion Battery Materials Market

Despite the strong growth prospects, the lithium-ion battery materials market faces several challenges:

1. Supply Chain Constraints

The availability of key materials, such as lithium, cobalt, and nickel, is a major challenge. These materials are critical to the production of lithium-ion batteries, but their supply is limited and subject to fluctuations in global mining and extraction rates. Geopolitical tensions and resource scarcity can disrupt supply chains, leading to price volatility.

2. Environmental Concerns

As the demand for lithium-ion batteries increases, so does the concern about their environmental impact. The mining of materials like lithium and cobalt can have significant environmental consequences, and recycling of used batteries remains a challenge. Companies are investing in more sustainable practices, such as developing better recycling technologies and exploring alternative materials for battery production.

3. High Production Costs

The cost of producing lithium-ion batteries remains high, particularly due to the cost of raw materials and the need for advanced manufacturing technologies. This can be a barrier for smaller players in the market and can increase the final price of electric vehicles and consumer electronics.

Future Outlook for the Lithium-ion Battery Materials Market

The future of the lithium-ion battery materials market looks promising, with significant growth expected across all regions. As advancements in battery technology continue, the performance of lithium-ion batteries will improve, making them more efficient, affordable, and sustainable. Key trends to watch include:

Increased investments in lithium and cobalt mining.

The development of alternative battery chemistries.

Advancements in battery recycling technologies.

With a projected CAGR of 13.8%, the lithium-ion battery materials market is on track to exceed USD 120.3 billion by 2030, driven by the growing demand for electric vehicles, renewable energy storage, and consumer electronics. 

FAQs

1. What is driving the growth of the lithium-ion battery materials market? The growth is driven by the increasing demand for electric vehicles, renewable energy storage, and consumer electronics, as well as advancements in battery technology.

2. What are the key components of a lithium-ion battery? Key components include the cathode, anode, electrolyte, and separator.

3. Which region is leading the lithium-ion battery materials market? The Asia-Pacific region, particularly China, Japan, and South Korea, leads the market.

4. What are the challenges faced by the lithium-ion battery materials market? Challenges include supply chain constraints, environmental concerns, and high production costs.

5. What is the future outlook for the lithium-ion battery materials market? The market is expected to continue growing rapidly, with advancements in battery efficiency and sustainability contributing to its expansion.

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3D Printing Market — Forecast(2024–2030)

3D Printing Market Overview:

However, artificial 3D printing has opened up scope in the modern medical industry for people to opt for advanced, cost-effective, and appealing designed prosthetics. Healthcare sector has helped in generating a huge demand in the 3D printing market owing to its versatile application in dental implants, hearing aids, artificial organs, etc. 3D bioprinting fills up the gap between animal and human experimental trials with advanced bio-printed human skin, thyroid gland, and many other vital parts. Technological advancement has extended the manufacturing of almost every possible subject for 3D printing: automotive parts, metal printing, sample architectures and constructions, prototypes of footwear, energy production, food, educational, aeronautical approaches, robotics and drones, and many others. Moreover, continuous and limitless breakthroughs in 3D printing have created an enormous impact on the industrial and commercial field thereby expanding the 3D printing economy. The extensive market opportunity is expected to advance at a robust compound annual growth rate (CAGR) of 23% through 2030.

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3D printing or additive manufacturing employs layer-by-layer deposition of suitable materials to create an object. Acceptance of 3D printing has increased progressively from prototyping to low-volume manufacturing of customized products. Different types of 3D printing technologies are Stereo-lithography (SLA), Fused Deposition Modeling (FDM), and Selective Laser Sintering (SLS), among others. These above-mentioned technologies are deployed in various industries such as consumers, automotive, construction, aerospace, medical and others.

This report incorporates an in-depth assessment of the 3D printing market by type, technology, application, end user industries and geography. The offering types of 3D printing encompassed in the scope include hardware, software and services. The hardware segment is further sub segmented into printers, scanners and materials.

The 3D printing market is witnessing a surge in material diversity, with advancements in composite materials, biodegradable plastics, and metal alloys. This trend allows for more versatile and application-specific 3D printing, catering to industries such as aerospace, healthcare, and automotive. The 3D printing trend toward large-scale manufacturing is reshaping industries traditionally reliant on massive components. From building construction to shipbuilding, the ability to 3D print large structures is revolutionizing design possibilities, streamlining production, and ushering in a new era of efficiency and customization. Large-scale additive manufacturing is gaining traction, allowing for the production of bigger and more complex structures. Industries like construction, shipbuilding, and infrastructure are exploring the potential of 3D printing for large components, reducing assembly requirements and lead times.

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Market Snapshot:

Report Coverage

The “3D Printing Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bulletproof Glass Industry.

By Product: Hardware [Printers (Industrial, Consumer), Scanners], Software (Design, Scanning, Inspection, Printing), Services (Parts on Demand, Prototypes, Others)

By Material: Polymers [Thermoplastics (Polylactic Acid (PLA), Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Alcohol (PVA ), Polyamide, Polypropylene, Others), Photopolymers], Metals and Alloys (Steel, Titanium, Silver, Gold, Nickel, Bronze, Aluminum, Copper, Iron, Manganese, Others), Fibers (Carbon, Glass, Kevlar, Others), Ceramics (Quartz, Silica, Glass, Others), Wax, Paper, Wood, Others

By Form: Filament, Liquid, Powder

By Technology: Stereolithography (SLA), Fuse deposition modeling (FDM), Selective laser sintering (SLS), Inkjet printing, Electron beam melting (EBM), Laser metal deposition (LMD), PolyJet printing, Digital Light Processing (DLP), Others

By Application: Production, Prototyping, Research & Education

By End Use Industry: Consumers [Decorative Items/Art Work (Freeform Art and Sculpture, Jewelry, Collectible Trinkets, Hospitality, Interior Decorative Items, Others), Others], Industrial (Machine Parts, Dies, Molds and Patterns, Others), Automotive [Exterior (Bumpers, Wind Breakers, Body Panels, Others), Interior (Dashboards, Seat Frames, Others), Engines and Engine Components (Cylinder Heads, Intake Manifolds, Engine Blocks, Others), Transmission Housings, Hubcaps, Tires, Suspension Spring, Others], Aerospace (Complex Gear Cases and Covers, Fuel Tanks, Transmission Housings, Components Requiring Draft Free Walls, Impellers, Turbine Blades, Lightweight Engine Parts, Structural Hinges, Others), Medical [Surgical Instruments, Implants (Dental (Sub-Periosteal Implants, Endosteal Implants), Orthopedic Implants, Prosthetic Implants, Spinal Rods, Bone Plates, Cranial Implants, Others), Tissue Engineering, Others], Construction (Commercial, Residential, Infrastructure, Industrial), Others

By Geography: North America, South America, Europe, APAC, and RoW

What are the major end users for 3D Printing?

The report includes an assessment of various end user industries such as automotive, construction, aerospace, medical, consumers and others. Medical industry is one of the major end users for 3D printing and holds a tremendous opportunity in the near future. This segment is expected to dominate the market in the short to long term. 3D Printing in the medical industry can be employed for multiple applications such as surgical instruments, dental implants, orthopedic implants, prosthetic implants, cranial implants and others.

Market Research and Market Trends of 3D Printing Ecosystem

• The American space company, SpaceX has sent a Dragon capsule to the International Space Station (ISS) which carried the first ever zero-G 3D printer. In addition, increasing traction by space agencies such as the National Aeronautics and Space Administration (NASA), European Space Agency (ESA) and others are anticipated to show a significant impact on the 3D printing market in the near future.

• The bio printers’ technology is in the experimental stage and is anticipated to provide prospects for the 3d printing market in the food industry. Furthermore, the importance of this technology has resulted in growing R&D investments by food companies such as chocolate & confectionery manufacturers.

• According to Oxford Performance Materials, more than 75% of American patients’ damaged skulls by disease or trauma were replaced with an implant from Oxford Performance Materials 3D printer and hence brought a revolution in the healthcare industry

The consumer 3D printers market is becoming highly consolidated with Stratasys Ltd. and 3D Systems Corp. being the global behemoths in this industry. 3DSystems has been highly active with a string of acquisitions of smaller companies across the globe

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Who are the Major Players in the 3D Printing Market?

The companies referred to in the market research report include Flashforge 3D Technology Co., Ltd., Hewlett-Packard, 3D Systems, Inc., Stratasys Ltd., SLM Solutions Group AG, ExOne Company LLC., Organovo Holdings, Inc., EOS GmbH, General Electric Company, XYZprinting, Inc., and others and more than 15 other companies.

What is our report scope?

The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and their impact during the forecast period 2024–2030.

All our reports are customizable to your company’s needs to a certain extent, we do provide 20 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report

• Evaluate market potential by analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level — for product types, end use applications and by different industry verticals.

• Understand the different dynamics influencing the market — key driving factors, challenges and hidden opportunities.

• Get in-depth insights on your competitor’s performance — market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

• Analyze the sales and distribution channels across key geographies to improve top-line revenues.

• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

• Get a quick outlook on the market entropy — M&A’s, deals, partnerships, and product launches of all key players for the past 4 years.

• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than the top 20 countries globally for the market.

3D Printing Market Outlook:

Computer-aided high-quality 3D printing designs of delicate human organs and vascular systems provide a better chance for medical experts to perform risk-free preliminary trials of critical surgery. Earlier 3D printing was accomplished with inkjet printers but vernacular mediums and innovations have made it comparatively easier to print 3D models of any object successfully in modern times. Prototyping is the major push towards 3D printing industries leaving behind conventional practices of manufacturing models and machineries. It uses high-performing materials such as thermoplastics for yielding engineered aeronautical, automotive, and medical utilities. Booming 3D printing market is anticipated to leverage a mounting demand from the automotive industry with an outstanding CAGR of 15% during the period 2024–2030. Apart from North America other provinces are susceptible to the 3D printing market transition with compelling revenue income during the forecast period.

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3D Printing Market Growth Drivers:

• Surgical trials on 3D printed organ models lead to minimal risks, proper surgery planning, identifying suitable tools for a particular case, and shrinks surgical complications, consequently, enhancing medical prowess and driving the global 3D printing market demand.

• Designing new tools and their effective application generates amplifying prospects for 3D printing companies.

• Automotive industry is a major driving force in the 3D printing market owing to better customization, lower material wastage, accuracy and less time consumption, and flexible designing.

• Research on 3D printing organ transplantation is conducted on a large scale to replace the complication of live organ transplantation owing to cost-inefficiency, inadequate donor availability, and donor-receiver incompatibility. Around 13 people die every day without a kidney transplantation. Persistent biomedical engineering advances will increase the efficacy of 3D bio-printed organs and will accomplish sophisticated applications in the medical field in the forthcoming years.

3D Printing Market Challenge:

Critical problems associated with the trending 3D printing progression include limited material variety, limited repetition process, and narrow scale of niche expertise. Albeit the low-cost 3D printing products, exorbitant rates of manufacturing procedure, equipment installation, and post-processing necessities thwart the global 3D market development. However, the optimistic approach of the manufacturing companies outpaces these market challenges with rigorous investment in the technologies and embracing strategic changes.

3D Printing Market Key Players:

The leading market innovators of the global 3D printing market include Flashforge 3D Technology Co., Ltd., Hewlett-Packard, 3D Systems, Inc., Stratasys Ltd., SLM Solutions Group AG, ExOne Company LLC., Organovo Holdings, Inc., EOS GmbH, General Electric Company, XYZprinting, Inc., and others.

XYZ Printing is a 3D printer manufacturing company incorporating the 3D printing experience in offices, schools, and homes with accessible and less expensive printers. With 8500 engineers, they deliver products such as 3D pen, mini, and nano series, original and junior series, color, pro, nobel, and 3D scanner series.

3D Printing Market Trends:

3D Printing Bunion Rectification

Traumatic bunion development on the foot leads to difficulty in walking and toe movement. MedShape Orthopedic Solution Company has invented a new device for correcting hallux valgus deformity with an FDA-administered bone tether plate sculpted through 3D titanium alloy printing. Furthermore, mechanical drilling of bones will be escaped owing to the innovative FastForward bunion correction plate.

Revolutionary Bio-Printed Human Skin

Recent research directed by the unique 3D bio-printer to create a lab-made skin is suitable for testing chemicals, cosmetics, and pharmaceutical experiments as well as compatible with transplantation in burn incidences. A close replica of human skin bio-printing, this method is cost-effective as compared to manual production of artificial skin.

Persuasive Prosthetic Designs

Prosthetics have improved physical deformity with newer advances keeping an eye on the quality, design, and comfort level of the patients. Amputees’ changed outlook on the modern world has shaped their personal preferences. Designer prosthetics in the form of modern bionics of popular characters such as artificial hero arms are widely gaining traction among children worldwide. Widely accepted by teenagers and young amputees, the bionic trend is gradually overpowering the 3D printed prosthetics market.

3D Printing Market Research Scope:

The base year of the study is 2023, with forecasts done up to 2030. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the 3D printing market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the type of 3D printing in the 3D printing market and their specific applications in different areas.

3D Printing Market: Industry Coverage:

Global 3D printing market is segmented based on offering, application, and end user. Bifurcation based on offering includes printer, scanner, material, software, service, and others. Based on application categorization includes production, prototyping, and research and education. By end user, this market is divided into consumers, automotive, construction, and so on.

The 3D printing market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

The regions and countries covered in the study include:

• North America: The U.S., Canada, Mexico

• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

• Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark

• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

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Portable Power Station Market Analysis: Forecast, Demand Outlook, and Latest Trends

The portable power station market has been experiencing significant growth in recent years, driven by a surge in demand for reliable, off-grid power solutions. As consumer reliance on electronic devices and outdoor recreational activities increases, the need for portable, compact, and efficient energy storage systems continues to rise. This article explores the current state of the portable power station market, including demand outlook, forecasts, and emerging trends shaping its future.

Market Overview

A portable power station (PPS) is a mobile energy storage system that enables users to power electronic devices, appliances, and equipment on the go. These devices are typically powered by lithium-ion or lithium iron phosphate (LiFePO4) batteries, providing a sustainable and versatile energy source for a wide range of applications. Portable power stations are used in outdoor activities such as camping, hiking, and road trips, as well as in emergency situations when power outages occur.

The global portable power station market has seen robust expansion due to increasing reliance on portable electronics, renewable energy systems, and the rise of electric vehicles (EVs). The market is expected to maintain this upward trajectory, with factors such as technological advancements, growing environmental concerns, and a shift toward sustainable energy solutions driving demand.

Market Forecast

The global portable power station market is projected to grow at a compound annual growth rate (CAGR) of 12-15% from 2024 to 2030. In 2023, the market size was valued at approximately USD 1.8 billion and is anticipated to reach USD 4.7 billion by 2030. This growth can be attributed to several key factors:

Increasing Adoption of Renewable Energy: As the world continues to embrace clean energy, portable power stations are being used to store energy generated from solar panels or wind turbines, making them vital for off-grid and remote locations.

Rising Demand for Outdoor Activities: With a growing number of people engaging in camping, hiking, and other outdoor activities, portable power stations have become essential for powering camping lights, portable grills, and communication devices, further driving demand.

Emergency Preparedness: Unpredictable weather patterns and natural disasters have highlighted the need for backup power solutions. Consumers and businesses are investing in portable power stations to ensure they are prepared for power outages.

Demand Outlook

The demand for portable power stations is expected to remain strong across several key regions, particularly North America, Europe, and Asia-Pacific. The North American market is expected to dominate, driven by high adoption rates in the United States and Canada, where outdoor recreation and emergency preparedness are important. Additionally, the rise of the electric vehicle market in these regions has spurred interest in portable power stations as supplemental charging solutions.

In Europe, the market is driven by a growing emphasis on sustainability and green energy initiatives. Many consumers and businesses are looking for alternatives to traditional fossil-fuel-based generators, and portable power stations offer a cleaner and more eco-friendly solution. Meanwhile, Asia-Pacific is witnessing rapid adoption of these devices, with increased awareness about the benefits of portable energy storage and the development of affordable and high-performance products.

Latest Trends in the Portable Power Station Market

Advancements in Battery Technology: One of the most notable trends is the development of high-capacity lithium-ion and lithium iron phosphate (LiFePO4) batteries, which offer better energy density, longer lifespans, and enhanced safety. These innovations are improving the performance and affordability of portable power stations.

Smart Features and Connectivity: Many manufacturers are incorporating smart technology into their portable power stations, allowing users to monitor battery levels, charging status, and power consumption through mobile apps. Some devices are also equipped with solar charging capabilities, making them even more versatile and environmentally friendly.

Integration with Electric Vehicles (EVs): As the popularity of EVs rises, there is growing interest in integrating portable power stations with electric vehicles. Some portable power stations are now designed to be used in conjunction with EVs to provide supplementary power or emergency charging during long trips.

Conclusion

The portable power station market is set for continued growth, driven by advancements in technology, increased demand for outdoor power solutions, and the transition to renewable energy sources. With new trends like smarter devices, solar integration, and expanding applications across various industries, the market is expected to evolve significantly over the next decade. As consumers seek more flexible, sustainable, and reliable power solutions, the portable power station will play an essential role in powering the future.

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Lithium-ion Battery Market 2030 Size Outlook, Growth Insight, Share, Trends

In 2023, the global lithium-ion (Li-ion) battery market was estimated to be worth USD 54.4 billion and is projected to grow at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is largely driven by rising demand for electric vehicles (EVs), supported by the cost-effectiveness and energy efficiency of Li-ion batteries. The automotive sector, in particular, is expected to see significant expansion due to the increasing global registration of EVs, as more consumers seek cleaner and more sustainable transport options. In the United States, the largest North American market for Li-ion batteries in 2023, federal policies and the presence of key industry players are anticipated to drive further product demand. Government policies, such as tax incentives for EV purchases under the American Recovery and Reinvestment Act of 2009, as well as fuel efficiency standards introduced by the Corporate Average Fuel Economy (CAFE) regulations, have accelerated the shift towards electric drive technologies in both passenger cars and light commercial vehicles (LCVs).

In addition to the automotive sector, the demand for Li-ion batteries in consumer electronics is also driving market growth. As consumers seek more durable and energy-efficient devices, lithium-ion batteries are becoming a preferred choice for smartphones, tablets, and other electronics due to their long lifespan and high performance. The demand for EVs is similarly bolstered by growing awareness of carbon emissions and the environmental impact of traditional gasoline-powered vehicles, which motivates consumers to adopt cleaner alternatives. This trend is supported by regulatory pressures on lead-acid batteries due to environmental concerns. Specifically, regulations set by the Environmental Protection Agency (EPA) aim to reduce lead contamination and govern the storage, disposal, and recycling of lead-acid batteries, prompting a shift towards safer Li-ion battery solutions for automotive applications.

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

Mexico has also emerged as a strategic center for the global automotive industry, attracting investments from companies worldwide due to its large automotive production capacity. As the fourth-largest exporter of vehicles globally, following Germany, Japan, and South Korea, Mexico's automotive production is expected to further stimulate demand for lithium-ion batteries in the region. However, the market faced challenges during the COVID-19 pandemic. Battery providers had to adapt by reducing operational costs due to lower demand and by managing disruptions in the supply of spare parts caused by reduced manufacturing activity and logistical issues. To maintain service quality for clients with long-term contracts, suppliers turned to digital tools and implemented strict health and safety measures, including social distancing and personal protective equipment, to ensure safe on-site maintenance and repair services where necessary.

Application Segmentation Insights:

The Li-ion battery market is categorized into several application segments: automotive, consumer electronics, industrial, medical devices, and energy storage systems. In 2023, the consumer electronics segment led the market, accounting for over 31% of total revenue. Portable lithium-ion batteries are widely used in consumer electronics due to their compact size, high energy density, and rechargeability. They are incorporated into various devices, including mobile phones, laptops, tablets, LED lighting, digital cameras, wristwatches, hearing aids, and other wearable gadgets. This high demand for portable devices has positioned the consumer electronics segment as a dominant sector in the market.

The electric and hybrid EV market is anticipated to be the fastest-growing application segment over the forecast period. Rising fossil fuel prices and increased awareness of the environmental benefits of battery-operated vehicles are expected to drive this growth, especially in emerging markets across Asia-Pacific, Europe, and North America. Moreover, Li-ion batteries are widely utilized for backup power solutions in commercial settings, such as data centers, office buildings, and institutions. In residential applications, Li-ion batteries are becoming popular for energy storage in solar photovoltaic (PV) systems, enhancing the growth potential of the energy storage segment.

Li-ion batteries are also gaining traction in various industrial applications. They are commonly used in power tools, cordless tools, marine equipment, agricultural machinery, industrial automation systems, aviation, military & defense, civil infrastructure, and the oil and gas sector. The versatility of Li-ion batteries, combined with their ability to deliver consistent power across diverse conditions, makes them ideal for these industries. Their use in such a broad range of applications is projected to further boost market demand as industries seek reliable and efficient energy solutions that can support both heavy-duty equipment and everyday electronic devices.

In summary, the lithium-ion battery market is poised for rapid growth across multiple sectors. The automotive and consumer electronics segments, in particular, are driving demand, supported by governmental policies, environmental concerns, and technological advancements. The expansion into applications like energy storage and industrial machinery further underscores the adaptability and efficiency of Li-ion batteries, positioning them as a critical component of future energy solutions across the globe.

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

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Lithium-ion Battery Industry Strategies With Forecast Till 2030

In 2023, the global lithium-ion (Li-ion) battery market was estimated to be worth USD 54.4 billion and is projected to grow at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is largely driven by rising demand for electric vehicles (EVs), supported by the cost-effectiveness and energy efficiency of Li-ion batteries. The automotive sector, in particular, is expected to see significant expansion due to the increasing global registration of EVs, as more consumers seek cleaner and more sustainable transport options. In the United States, the largest North American market for Li-ion batteries in 2023, federal policies and the presence of key industry players are anticipated to drive further product demand. Government policies, such as tax incentives for EV purchases under the American Recovery and Reinvestment Act of 2009, as well as fuel efficiency standards introduced by the Corporate Average Fuel Economy (CAFE) regulations, have accelerated the shift towards electric drive technologies in both passenger cars and light commercial vehicles (LCVs).

In addition to the automotive sector, the demand for Li-ion batteries in consumer electronics is also driving market growth. As consumers seek more durable and energy-efficient devices, lithium-ion batteries are becoming a preferred choice for smartphones, tablets, and other electronics due to their long lifespan and high performance. The demand for EVs is similarly bolstered by growing awareness of carbon emissions and the environmental impact of traditional gasoline-powered vehicles, which motivates consumers to adopt cleaner alternatives. This trend is supported by regulatory pressures on lead-acid batteries due to environmental concerns. Specifically, regulations set by the Environmental Protection Agency (EPA) aim to reduce lead contamination and govern the storage, disposal, and recycling of lead-acid batteries, prompting a shift towards safer Li-ion battery solutions for automotive applications.

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

Mexico has also emerged as a strategic center for the global automotive industry, attracting investments from companies worldwide due to its large automotive production capacity. As the fourth-largest exporter of vehicles globally, following Germany, Japan, and South Korea, Mexico's automotive production is expected to further stimulate demand for lithium-ion batteries in the region. However, the market faced challenges during the COVID-19 pandemic. Battery providers had to adapt by reducing operational costs due to lower demand and by managing disruptions in the supply of spare parts caused by reduced manufacturing activity and logistical issues. To maintain service quality for clients with long-term contracts, suppliers turned to digital tools and implemented strict health and safety measures, including social distancing and personal protective equipment, to ensure safe on-site maintenance and repair services where necessary.

Application Segmentation Insights:

The Li-ion battery market is categorized into several application segments: automotive, consumer electronics, industrial, medical devices, and energy storage systems. In 2023, the consumer electronics segment led the market, accounting for over 31% of total revenue. Portable lithium-ion batteries are widely used in consumer electronics due to their compact size, high energy density, and rechargeability. They are incorporated into various devices, including mobile phones, laptops, tablets, LED lighting, digital cameras, wristwatches, hearing aids, and other wearable gadgets. This high demand for portable devices has positioned the consumer electronics segment as a dominant sector in the market.

The electric and hybrid EV market is anticipated to be the fastest-growing application segment over the forecast period. Rising fossil fuel prices and increased awareness of the environmental benefits of battery-operated vehicles are expected to drive this growth, especially in emerging markets across Asia-Pacific, Europe, and North America. Moreover, Li-ion batteries are widely utilized for backup power solutions in commercial settings, such as data centers, office buildings, and institutions. In residential applications, Li-ion batteries are becoming popular for energy storage in solar photovoltaic (PV) systems, enhancing the growth potential of the energy storage segment.

Li-ion batteries are also gaining traction in various industrial applications. They are commonly used in power tools, cordless tools, marine equipment, agricultural machinery, industrial automation systems, aviation, military & defense, civil infrastructure, and the oil and gas sector. The versatility of Li-ion batteries, combined with their ability to deliver consistent power across diverse conditions, makes them ideal for these industries. Their use in such a broad range of applications is projected to further boost market demand as industries seek reliable and efficient energy solutions that can support both heavy-duty equipment and everyday electronic devices.

In summary, the lithium-ion battery market is poised for rapid growth across multiple sectors. The automotive and consumer electronics segments, in particular, are driving demand, supported by governmental policies, environmental concerns, and technological advancements. The expansion into applications like energy storage and industrial machinery further underscores the adaptability and efficiency of Li-ion batteries, positioning them as a critical component of future energy solutions across the globe.

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