APAC Laser Materials Market to contribute significantly toward the global share, communication sector to drive the application landscape
Considering the increasing proliferation of laser technologies in medical space, Laser Materials Market demand is undoubtedly set to grow substantially in the forthcoming years. Technological interventions have not only influenced laser materials portfolio but also have widened the application scope of the market. An exemplary transformation in the therapeutic model in terms of medical facilities has acted in favor of the business growth. For instance, shifting trend toward replacing non-laser technologies across various domains that include oncology, neurology, and dentistry has been immensely catapulting the market expansion over the years. Speaking of healthcare, laser technology has already gained a momentum in this space and with technological advancements, it is anticipated to unfold a series of new opportunities, leaving a subsequent impact on laser materials market.
Europe Laser Materials Market Size, By Application, 2013 – 2024 (USD Mn)
Estimates depict, the industry will exceed a valuation of USD 1.7 billion by the end of 2024, with a projected CAGR of 5.5% over 2017-2024. Plastic technology is the latest thriving trend in laser materials market that is opening new avenues for the investors. With the continuous evolution of polymers and composite materials configuration, the technology is likely to penetrate deeper into the business. On that note, it is important to consider the unprecedented efforts the instrument manufacturers are taking in reducing the complexity of these devices, which again will prove to be favorable for laser materials industry outlook.
With digital disruptions globally, the volume of data has been exponentially increasing across various industries. Communication sector is one of the profound spaces witnessing the proliferating penetration of laser materials. Communication applications procured one-third of laser materials industry share in 2016. Military applications have been also gaining a traction lately. High demand for lightweight cost-effective armaments has resulted in the utilization of laser materials in this domain. Key market players are also investing in research activities to extend the product portfolio to win a competitive edge in the global landscape.
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Geographically, Asia Pacific is one of the significant regions partaking in the laser materials market. The expanded manufacturing base along with upgraded healthcare infrastructure are the prime factors driving the regional market. China, Taiwan, India, And South Korea are the major countries contributing substantially toward the regional share. Increasing population in APAC is also a vital factor enhancing laser material market dynamics. With a significant contribution toward the overall revenue in 2016, APAC will continue to be a strong participant in the global laser materials market in the years ahead.
North America laser materials market is also anticipated to chalk a lucrative growth path, subject to the region’s progressive military terrain particularly in the U.S. The country receives a huge amount of funding every year for laser weapons. With U.S. as a forerunner, North America laser materials industry in the coming seven years is slated to carve a profitable road map.
Laser technology undoubtedly is one of the most commendable innovations of the twentieth century. With a broader spectrum of application across the healthcare, military, and communication, laser materials market penetration has generated a remarkable momentum. Reduced material prices coupled with their reliability and enhanced lifespan are further pushing the laser materials market demand. Prominent industry participants include Asahi Glass Co., Ltd, Morgan Advanced Materials, BASF SE, Dow Chemical Company, GrafTech International, Taishan Fiberglass inc., CeramTec GmbH, Sinopec Shanghai Petrochemical Co., Ltd, Murata Manufacturing Co., Ltd., Anglo American plc., Mitsubishi Chemical Holdings Corp., Norilsk Nickel, Evonik Industries, Universal Laser Systems, Inc., and Corning Inc.
Author Name : Satarupa De
This entry was posted in Polymers and Advanced Materials and tagged Ceramic, Communication, Glass, Instrumentation & Sensors, Laser Materials, Laser Materials Market, Laser Materials Market Analysis, Laser Materials Market Forecast, Laser Materials Market Growth, Laser Materials Market Outlook, Laser Materials Market PDF, Laser Materials Market Price, Laser Materials Market Report, Laser Materials Market Share, Laser Materials Market Size, Laser Materials Market Trends, Laser Materials Market Update, Lithography, Materials Processing, Medical & Aesthetic, Metal, Optical Storage, plastic, R&D & Military.
APAC automotive electronics control unit (ECU) industry to earn a huge revenue over 2016-2023, high demand from safety applications to boost the regional growth
Global Automotive Electronics Control Unit (ECU) Market is likely to chart out a lucrative growth path over the next few years, subject to the highly developing automotive sector. The recent joint venture between BMW AG, Delphi, and Intel that aims to develop a highly automated self-driving platform for BMW, with Delphi handling the spare parts configuration and software connectivity may also give a major boost to automotive ECU market. Of late, the automotive industry has observed a major shift with changing consumer preferences toward purchasing luxury cars, which will generate new avenues for the business.
China Automotive ECU Market size, by application, 2012-2023 (USD Billion)
The automotive industry is going to experience a huge growth due to the surging preference for sustainable technologies, electric vehicles, eco-friendly driving systems, and energy-preserving vehicles, which will subsequently boost automotive ECU market. Global Market Insights, Inc., reports that automotive ECU industry size, which was assessed at USD 32 billion in 2015, is slated to surpass USD 50 billion by 2023.
Incorporation of additional innovative features such as connected navigating, infotainment, telematics, advanced control, and communication systems in the vehicles will help in increasing the automobile sales, thereby contributing considerably towards automotive ECU market revenue. The emerging advanced driver assistance system (ADAS) sector, driven by rising safety concerns, is expected to steer the business growth over the span of few years.
Automotive ECUs find wide application in communication & navigation, electric vehicle powertrain, chassis electronics, entertainment, and safety & security sectors. Automotive electronic control unit (ECU) industry size from safety applications, which was evaluated at USD 9 billion in 2015, is forecast to observe a lucrative expansion over the coming years. Mounting requirement for passenger security along with strict safety guidelines set by law enforcement agencies to ensure safe driving will impel automotive ECU industry growth.
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High inclination toward the use of convenience technologies for improving the driving experience is projected to raise automotive electronics control unit (ECU) market size across the communication & navigation sector.
Electric vehicle powertrain applications are expected to contribute substantially towards automotive electronics control unit (ECU) market share in the future, driven by the deployment of electronic control units in electric vehicle powertrains for controlling the operations of electric motors, power electronics systems, and battery.
Considering the regional landscape, Middle East & Africa automotive ECU industry is set to record a CAGR of 4.5% from the period of 2016 to 2023. Escalated vehicle production by various automobile manufacturing firms across the region is expected to augment the revenue. Egypt, Nigeria, Iran, and Algeria are likely to be the key regional share contributors.
Asia Pacific automotive electronics control unit (ECU) market, which contributed to a major share of the overall revenue in 2015, is predicted to grow at an annual rate of 7.2% over the period of 2016-2023. An increase in the automobile sales, escalating vehicle safety standards and low fuel usage are few of the key growth drivers. Japan, China, and India are predicted to boost the regional revenue.
Automotive electronics control unit (ECU) industry size in Mexico, which was estimated at USD 1 billion in 2015, is projected to register significant gains over the coming timeframe. High funding to construct new automobile manufacturing units across the region to fulfill the consumer demand for vehicles is predicted to push the regional revenue.
Europe automotive electronics control unit (ECU) market value, worth USD 8 billion in 2015, is projected to experience a substantial surge over the years to come. Favorable government regulations mandating the deployment of advanced emergency braking systems in vehicles for ensuring the safety of pedestrians, commuters, and drivers will drive the regional demand.
Market players will increase their ROI through mergers & acquisitions, high R&D financing, technological innovations, and product differentiation. Takata Corporation, Atmel Corporation, Autoliv Incorporation, Robert Bosch GmbH, Faurecia, Calsonic Kansei Corporation, Performance Electronics, Limited, Broadcom Limited, Johnson Controls, Dow Corning Corporation, Denso Corporation, Infineon Technologies AG, Mitsubishi Electric Corporation, Altera Corporation, TRW Automotive, Continental AG, Delph Automotive PLC, Lear Corporation, Voxx Electronics Corporation, The Hyundai Motor Company, Panasonic Corporation, Hitachi Automotive Systems Limited, Advics Company Limited, Texas Instruments Incorporation, Aisin Seiki Company Limited are the key participants of automotive electronics control unit (ECU) industry.
Author Name :Dhananjay Punekar
This entry was posted in Automotive & Transportation and tagged Automotive ECU Market, Automotive ECU Market Analysis, Automotive ECU Market Share, Automotive Electronics Control Unit Market, Automotive Electronics Control Unit Market Size, Chassis Electronics, Communication, Entertainment, Global Automotive ECU Market, Global Automotive Electronics Control Unit Market, Navigation, Powertrain, Safety, Security.