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Wednesday, May 5, 2021

Friction Brake System Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

Global Automotive Friction Brake System Market by Product Type (Disc Brake, Drum Brake), Vehicle Type (Passenger Cars, LCV, HCV), Sales Channel (OEM’s, Aftermarket) and Region (North America, South America, Asia-Pacific, Europe and Africa & Middle East) – Forecast to 2027

Market Scope

Market Research Future (MRFR) expects the automotive friction brake system market 2020 to gain substantial grounds at a fast rate between 2020 and 2027 (appraisal period). MRFR also projects the market to touch a remarkable valuation of USD 340.5 Billion by 2027-end. We will provide covid-19 impact analysis with the report. The COVID-19 research of the automotive friction brake system market offers an in-depth analysis post the coronavirus disease outbreak.

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COVID-19 Analysis

COVID-19 impact analysis by MRFR reveals that there has been a significant drop in vehicle sales in the space of just a few months, owing to the shutdowns across regions as well as the oil price fluctuations. Renowned automotive OEMs are adopting multiple tactics to mitigate the negative impact of the pandemic on their businesses by assessing their dealerships to resume services. The short-term impact of COVID-19 in the automotive sector has led to shutting down of assembly plants in the United States (US), manufacturing interruptions across Europe and ceased export of Chinese components, in the face of the lockdown situation. Additionally, post SARS-CoV-2, the demand for commercial vehicles has significantly plummeted following the shutdown of almost every non-essential service across the globe.

On the bright side, till the time a COVID-19 breakthrough is not achieved, the automotive industry can remain strong, thanks to the ongoing efforts by leading companies to curb revenue losses by adopting recovery tactics such as mergers and acquisitions and more. Despite the significant impact of the novel coronavirus on the automotive industry, online sale of vehicles can emerge as one of the growth boosters in the spark plug market.

Top Drivers and Key Restraints

Over the years, there has been a remarkable surge in the production of vehicles across the globe, which has led to a domino effect throughout the automotive brake friction market. The alarming rise in the number of accidents, given the rising number of drivers exceeding the speed limits has further bolstered the market growth. Technological innovations such as advanced brake system (ABS), electronic braking system (EBS) and regenerative braking that elevates the efficiency of the braking system can emerge as lucrative opportunities for the automotive brake friction market in the approaching years.

The market also benefits from the increasing research and development activities, resulting in the introduction of environment-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend gaining prevalence in the global market is the increasing focus on the electrification of vehicles, which is also giving rise to the production of light-weight vehicles and automotive brake friction products. The high demand for electric vehicles or EVs in the developing regions can translate to tremendous business growth in the following period.

A significant number of research activities are underway for coming up with better brake friction materials with the extensive use of nanomaterials, which can massively induce the growth of the automotive brake friction market during the assessment period. The increasing focus on safety among consumers and the rising focus on stringency in safety norms and preventive maintenance can also lead the market to greater heights in the years ahead.

Market Segmentation

For better understanding of the report, the automotive friction brake system market has been considered for product type, vehicle type and sales channel.

Product types described in the market study include drum brake as well as disc brake.

Vehicle types covered in the research are passenger cars, heavy commercial vehicles (HCV) and light commercial vehicles (LCV).

Depending on the sales channel, the primary dynamics are original equipment manufacturers (OEM’s) and aftermarket.

Regional Study

The regional study of the automotive friction brake system market covers South America, APAC or Asia Pacific, North America, MEA or Africa & Middle East and Europe.

The automotive friction brake system market in APAC is largely concentrated in India and China, on account of the prevailing strict emission norms and the high production level of vehicles. Rising number of favorable government-backed initiatives coupled with the heavy investments in automotive industry also favor the regional market. The urgent need to curb the rising number of road accidents among the governing agencies as well as consumers also favors the market growth. The increasing technology penetration with high prominence of disc brakes also aids market growth.

North America can be the fastest gaining region, with the U.S emerging as the most profitable market for automotive friction brake system. The massive pool of well-known automotive manufacturers and the high demand for efficient performance in extreme weather conditions are some of the prime growth inducers in the regional market.

Top Players

Robert Bosch GmbH, Haldex AB, TRW Automotive Holdings Corp., Federal-Mogul Corporation, Delphi Automotive PLC, Akebono Braking Industry Corporation, Brembo S.P.A, Continental AG, Halla Mando Corporation, Aisin-Seiki Co. Ltd., are some of the top players competing in the market for automotive friction brake system.

Latest Developments

April 2020

Porsche has launched carbide-tungsten-coated friction brake system that facilitates stopping power and also keeps the wheels clean. The system sprays a 0.004-inch carbide- tungsten coating on the iron discs, which helps make them five times much harder.

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Distributed Control System Market COVID-19 Impact, Worldwide Analysis, Competitive Landscape, Future Trends, Opportunities, Sales, Revenue and Regional Forecast till 2027

Distributed Control System Market Research Report by Industry (Oil & Gas, Power Generation, Chemicals, Pharmaceutical, Metals & Mining, Paper & Pulp, Food & Beverage, and Others), by Components (Hardware, Software, & Services), by Application (Continuous Process, and Batch Process), and by Region - Forecast to 2027

Market Overview

Market Research Future (MRFR) projects that the distributed control system (DCS) market 2020 can expand at a rate of 5.30% over the forecast period, which is between 2020 and 2027. We will provide covid-19 impact analysis with the report. The COVID-19 research of the distributed control system market offers an in-depth analysis post the coronavirus disease outbreak.

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Top Boosters and Key Deterrents

The impact analysis on COVID-19 has been carried out by MRFR, which reveals that the energy and power industry can be profoundly affected by the plummeting demand and the crashing prices of power across regions. Keeping in mind the long-term impact of COVID-19, most of the leading companies are presently working on bringing down the costs of protecting their assets, and are also putting in efforts to ensure uninterrupted operations to control the revenue loss. While various countries are striving to find a COVID-19 breakthrough, the lockdown situation has managed to restrain the movement of materials across energy and power plants. The short term impact has resulted in a considerable downfall in the investment capacity along with a drop in power prices in the face of political turbulence, confirms the COVID-19 analysis by MRFR.

Despite the profound impact of the SARS-CoV-2 outbreak, the market for distributed control system can expect to remain fortified as a result of the booming worldwide power sector and the high power generation capacity of plants across the globe. The expanding industrial infrastructure, especially in developing regions and the rising focus on the use of nuclear and renewable energy sources for power generation can also lead the DCS market to better heights in the preceding years.

The introduction of open source DCS solutions along with the rising preference for private or public cloud can be attractive opportunities for the leading market vendors in the near future. Moreover, nuclear and renewable power plant systems that are integrated with synchronous machines, battery-based energy storage system and wind turbine generators can boost the demand for DCS, as it helps manage and control the whole power plant system.

Market Segmentation

Component, application and end-user are the top segments as per which the DCS market has been broadly covered in the report.

The primary components covered in the market research include software, services as well as hardware.

The applications of distributed control system are continuous process as well as batch-oriented process.

The end-users in the industry include oil & gas, chemical, metals & mining, pharmaceutical, food & beverage, paper & pulp, power, and others. The oil and gas segment can be the leading end-use industry in the DCS market, on account of the mounting need for supervising the oil & gas production as well as centralized control system, which is possible with the use of DCS.

Regional Insight

The DCS market has been regionally distributed into APAC or Asia Pacific, Europe, MEA or the Middle East & Africa, South America as well as North America. The impact of the novel coronavirus on these regions has also been covered in the market study.

APAC is expected to remain at the top of its game, accumulating a share of 31.40% in the global market. In 2017, the Chinese market was valued at USD 1,523.5 million, and the country clinched the leading position in the region. Other significant markets for DCS in the region include Japan, and India, given the expansive manufacturing industry and the rising production level in the energy and power sector. The rapidly growing urbanization along with the intensifying competition between leading manufacturers could also mean excellent prospects for the regional market in the coming years. Also, the thriving industrial sector, which includes power generation, chemicals, pharmaceutical and oil & gas, benefits the market for distributed control system in the region.

North America comes second in the global market, as a result of the high traction of smart applications as well as IOT technologies in the region. The increasing uptake of smart devices has led to a higher demand for multifunctional microelectronics with minimum time delays and better performance. The fast expanding shale gas industry in the region has also led to parallel development of the DCS market in recent years and can do so in the following years as well. However, the COVID-19 pandemic has hit the manufacturing industry in the region, which could slow down the market growth to some extent.

Leading Competitors

Leading competitors in the distributed control system industry include Rockwell Automation (US), Toshiba (Japan), Metso Corporation (Finland), General Electric (USA), ABB (Switzerland), Schneider Electric (France), Yokogawa (Japan), Honeywell International Inc. (US), Azbil Corporation (Japan), Hitachi (Japan), Emerson (USA), Siemens (Germany), to list a few.

Latest Updates

May 2020

ABB has been chosen by Lhyfe, a leading French supplier of green hydrogen, to provide its distributed control system at the latter’s first production site in the Vendée region. The system will help monitor almost every aspect of the hydrogen production process at the site.

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Monday, May 3, 2021

Virtual Pipelines Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

Global Virtual Pipelines Market Research Report: Information by Fuel Type (CNG, LNG), by Mode of Transport (Truck, barge, rail, ship), by End-Use (residential, commercial, industrial), and Region (North America, Europe, APAC, RoW) - Forecast till 2027

Market Summary

Market Research Future (MRFR), in its research report, emphasizes that the global virtual pipeline market 2020 is slated to grow exponentially over the review period, ensuring substantial market valuation and a healthy 7.5% CAGR over the review period.

Drivers and Restraints

The driving factors for the global virtual pipeline market are increased natural gas demand, emerging markets as net importers and natural gas exporters, growing number of terminals for liquefaction and regasification, and obsolescence and inefficiency of existing infrastructure. Age-old pipeline infrastructure and strict environmental emission regulations are two important factors that mainly fuel the growth of the global market for virtual pipeline systems. While the new pipeline industry is enormous and growing day by day, the infrastructure needs to be modernized because the existing pipeline network has been built for decades. Another factor that is responsible for the tremendous increase in the demand for virtual pipeline systems is increasing demand for the transportation of energy resources. There are growing concerns over the renewability of energy sources and this concern has positively affected the natural gas industry. Given that physical pipelines are limited to certain areas and regions, they are not effective in areas that are technically impracticable and inaccessible. As a result, a virtual pipeline industry has quickly gained recognition, and the market is expected to expand rapidly in the coming years.

Although there are many factors that have a positive impact on the market of the virtual pipeline system, there are many risks associated with the transportation of natural gas and this particular factor is likely to pose a threat to the development of the virtual pipeline system.

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Segmental Analysis

The global virtual pipeline market has been segmented on the basis of fuel type, End-uses, mode of transport, and regions. Based on fuel type, the market is bifurcated as CNG and LNG. CNG segment dominates due to increased natural gas production and increased demand from the liquefaction terminals. In terms of the segment transport mode, the market is classified as truck, barge, rail, and ship. Ship segment holds the biggest market share due to increased net natural gas imports from developing countries. In 2017, total natural gas imports increased by 5.1% as compared to 2016. Based on end-use, global virtual pipeline market is categorized as commercial, residential,and industrial. Industrial segment is dominating the market due to augmented power generation from natural gas, and growing fertilizers industry.

Regional Assessment

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world. The European region will dominate the market for virtual pipeline due to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region's developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialisation and urbanization projects expected to increase consumption. The region's emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for virtual pipelines in Asia Pacific.

Competitive Dynamics

The major market players operating in the global market as identified by MRFR are Kinder Morgan (U.S.), GE Oil and Gas (U.S.), Eniday (Italy), SUB161° (Australia), Galileo Technologies S.A. (Argentina), and CNG Services Limited (U.K). SENER Group (Spain), Xpress Natural Gas LLC (U.S.), Pentagon Energy LLC (U.S.), OsComp Holdings LLC (U.S.), REV LNG LLC (U.S.) NG Advantage LLC (U.S.), andare among others.

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Global Scaffolding Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2027

Global Scaffolding Market by Type (Supported Scaffolding, Suspended Scaffolding and Rolling Scaffolding), By Material (Steel, Aluminum, Wood and Others), By Application (Construction Industry, Electrical Maintenance, Temporary Stage, Others) by Region (North America, Europe, Asia Pacific and Rest of World) - Global Forecast to 2027.

Market Overview

Global Scaffolding Market is projected to be valued at USD 2.4 Billion by 2027, with a 5.4% CAGR during the forecast period.

The report covers segmentation and drivers for a better glimpse of the market in the coming years. The scaffolding market has registered significant growth in adoption rates over the past few years in developing nations, such as China, India, and Brazil, owing to the increasing investments in smart city projects.

Competitive Analysis

Global Scaffolding Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the market growth. The vendors compete based on cost, product quality, reliability, and services. It is crucial for vendors to provide cost-effective and efficient products to survive and succeed in a competitive market environment.

The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Wilhelm Layher GmbH & Co. KG., Brand Industrial Services, Inc., Waco International, ULMA CYE, S. Coop., and PERI are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. These companies account for 28.6% of the global scaffolding market. They consider product development as a key strategy in the global scaffolding market. Although the international players dominate the market, regional and local players with small market shares also have a significant presence. Altrad, ADTO INDUSTRIAL GROUP CO., LTD, Comipont S.p.A, Muehlhan A/S, ASA Scaffolding Services, Condor S.p.A., Apollo Scaffold Services, Brand Industrial Services, Inc, and KHK Scaffolding & Formwork LLC are some of the other key players operating in the global scaffolding market.

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Segmental Analysis

The increasing investments in smart city projects and developments in the construction industry will spur market growth. The global market for scaffoldings has been segmented based on type, material, application, and region.

Based on type, the global scaffolding market has been segmented into supported scaffolding, suspended scaffolding, and rolling scaffolding. In 2019, the supported scaffolding segment accounted for the largest market share of 65.9%. It is projected to register a significant CAGR during the projected timeframe.

Based on material, the global scaffolding market has been segmented into steel, aluminum, wood, and others. In 2019, the steel segment accounted for a considerable market share of 47.9%. It is projected to register a significant over the forecast period.

Based on application, the global scaffolding market has been segmented into construction, shipbuilding, electrical maintenance, industrial, and events. In 2019, the construction segment accounted for a considerable market share of 61.5%. It is projected to register a lucrative growth rate over the forecast period.

Regional Analysis

Geographic analysis of the Scaffoldings Market spans across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Asia-Pacific is a key market for scaffolding due to the presence of a rapidly growing construction industry. Additionally, the growing population and rising urbanization in the region are some of the significant factors which are leading toward the growth of the market. The rising demand for commercial buildings such as corporate offices, malls, hospitals, and shops is also resulting in high demand for scaffolding in the region. Asia-Pacific is segmented as China, Japan, India, and the rest of Asia-Pacific.

The increasing population in China, which is one of the major factors, boosts the demand for new infrastructure and housing in the country. Similarly, the increasing per capita disposable income among individuals is another key factor driving the growth of the construction industry leading to the growth of the China scaffolding market. The increasing tourism in these countries has led to the development and construction of new buildings, hotels, malls, and amusement parks, among other such infrastructure, eventually increasing the demand for scaffolding in the region. The growing construction industry is projected to propel the demand for scaffoldings in Asia-Pacific.

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Web Content Management Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

Global Web Content Management Market Research Report: By Component (Solution and Services), By Organization Size (Small and Medium Enterprise and Large Enterprises), By Deployment (On-Premise and On Cloud), By End-User (Media and Entertainment, Healthcare, BFSI, Education, Retail, Travel and Tourism, Hospitality and others) - Forecast till 2027

Market Summary

Market Research Future (MRFR), in its research report, emphasizes that the global web content management market 2020 is slated to grow exponentially over the review period, ensuring substantial market valuation from USD 8,125 million in 2020 to USD 25,341 Million by 2027 and a healthy 18.05% CAGR over the review period.

Drivers and Restraints

The cloud adoption is expected to rise continuously in the coming years due to the benefits it offers to enterprises such as unlimited computing power, easy access to data and applications, and lower IT expenditure. This increasing adoption of cloud services is expected to offer a significant opportunity for the growth of integrated cloud-based web content management solutions and services. Installing a cloud-based content management system is easy and cost-effective as compared to the traditional on-premise web content management systems as the cloud service provider is responsible for upgrading the systems in real-time and handling the technical and data security issues. Furthermore, it also offers scalable operations wherein the user can simply add or delete the content of the website altogether as per the business needs which is expected to fuel the demand for integrated cloud-based services during the forecast period.

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Segmental Analysis

By Component the market has been divided into Solution, and Services.

By Organization Size the market has been bifurcated into Small and Medium Enterprises, and Large Enterprises.

By Deployment the market has been divided into On-Cloud, and On-Premise.

By End-User the market has been segmented into Media and Entertainment, Healthcare, BFSI, Education, Retail, Travel and Tourism, Hospitality, and Others.

Regional Assessment

The global business regional analysis was conducted in four major regions including Asia Pacific,North America, Europe and the rest of the world. North America accounted for 43 percent of the largest market share in 2020, with a market value of USD 3,458.25 million; the market is expected to record a CAGR of 16.98 percent over the forecast period. Due to the growing adoption of new technology and digital channels for commercial as well as personal use and the rising need for end-users to get a seamless online experience, North America has represented a significant share in the web content management industry. Increasing numbers of startups in Canada are expected to focus on developing content management solutions that offer seamless web experience making it the fastest growing country in the North American region. Europe was the second largest market in 2020, worth USD 2328.66 million; the market is expected to be 18.82 per cent CAGR. Thanks to the rising acceptance of cloud-based services and the growing need for reliable web services, Europe has recorded the second-largest market share in the online content management industry. Owing to the growing proliferation of web-based services such as advertisement and online marketing services that require web content management solutions for safe and simple web content management, the UK accounted for the largest market share in 2018. However, the Asia-Pacific sector is expected to post 20.01 percent of the highest CAGR. Among the countries in this area, China accounts for the largest market share followed by Japan and Australia, as China is a hub for one of the major players offering internet-based services and has a very high internet penetration that increases demand for Web content management solutions and services. Due to the well-established network infrastructure and high internet penetration, Japan has represented the second-largest market share in the world.

Competitive Dynamics

The major market players operating in the global market as identified by MRFR are IBM Corporation, Adobe, Oracle Corporation, Microsoft Corporation, Opentext Corporation, SDL Plc, Progress Software Corporation, Crownpeak Technology Inc., Sitecore, Hyland Software Inc, E-Spirit AG, EpiServer, Rackspace, Acquia Inc, Kentico Software.

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Rugged power supply market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2027

Rugged Power Supply Market Research Report, By Component (Hardware and Software), System Type (Discrete and Integrated), Industry Vertical (Defense, Aerospace, Telecommunications, Manufacturing, Healthcare, and Transportation) — Global Forecast till 2027

Market Highlights

Globally, the rugged power supply market is expected to have moderate growth over the forecast period. This is due to the strong need for durable and reliable power supply in industry verticals that operate in unpredictable climatic conditions, standardization of power supply products, and high investments in defense sectors to ensure national security. However, budget constraints and lack of awareness in most of the developing economies act as major restraining factors for the growth of the rugged power supply market.

In this study, the rugged power supply market is segmented based on component, system type, industry vertical, and regions/country. By component, the market is segmented into hardware and software. The hardware covered in the study include DC/AC Converter, AC/DC Converter, DC/DC Converter, and EMI Filters. By system type, the market is segmented into discrete power supply system and integrated power modules. Integrated power modules are bifurcated into synchronous and non-synchronous power modules.

On the basis of industry vertical, the market is segmented into defense, aerospace, telecommunications, healthcare, manufacturing, transportation, and others. Finally, the regions covered in this study are North America, Europe, Asia-Pacific, and the rest of the world. North America is further segmented into the US, Canada, and Mexico; Europe into Germany, France, the UK, and the rest of Europe; and Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific.

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Key Players:

The prominent players in global rugged power supply market are XP Power (US), North Atlantic Industries (US), Aegis Power Systems (US), Schaefer (US), TDK-Lambda (Japan), Extreme Engineering Solutions (US), Evercom (Belgium), Crystal Group, Martek Power (US), ABSOPULSE Electronics (Canada), and Bluestone Technology (UK).

Regional Analysis

The global market for global rugged power supply is estimated to grow at a moderate rate during the forecast period from 2020 to 2027. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is presumed to have moderate growth in the rugged power supply market. The US and Canada are the leading countries in the region. The growth is attributed to increase in demand for the rugged power supply units in the defense and aerospace industry verticals. Asia Pacific is also anticipated to be the fastest growing region in the rugged power supply market over the forecast period. India, Japan, South Korea, and China are the leading countries in the rugged power supply market. Increasing need for rugged power supply in the defense and telecommunication sector is expected to boost the growth of the market in the APAC region.

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Alcohol sensor market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2027

Global Alcohol Sensor Services Market Information: By Application (Vehicle Controlling, Healthcare Application), By End-Users (Law Enforcement Agencies, Commercial, Individuals) and By Technology (Semiconductor Oxide Sensor Technology, Fuel Cell Technology, Others) - Forecast to 2027

Overview

The alcohol sensor market will witness a healthy growth from 2020 to 2027, a research report suggests. Growing at a CAGR of 13.8%, the market is projected to reach US$1,985.3 million by 2027. Installation of alcohol detection systems in automobiles is expected to support the market growth along with Smartphone based breathalyzers. As predicted by analysts, concerns regarding reliability will negatively affect the market’s performance from 2020 to 2027. During the forecast period, the market will be supported by integration of sensors and the rising use of smart phones. Problems related to consistency on the other hand will challenge breathalyzer based organizations functioning in the global alcohol sensor services market. Analysts have split the market into application, technology, and end-users segments based on products and services. Breathalyzer based companies have been profiled. Concerns regarding counterfeit products are set to affect the global alcohol sensor market during the forecast period 2020 to 2027. The report also provides the market’s performance forecasts till 2027. Analysts have studied the strategy of breathalyzer based organizations to help new entrants and established businesses. The breathalyzer sector itself is supported by the changing social behavior as well as the population growth. During the forecast period 2020 to 2027, the alcohol sensor market is set to witness a health growth across application, technology, and end-users segments as well as regional markets.

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Market Segmentation

The breathalyzer sector has seen growth across application, technology, and end-users segments owing to automation in industries and consumers aiming for more convenience. To study the alcohol sensor market, analysts have further segmented application, technology, and end-users into application on the basis of vehicle controlling, healthcare application. The alcohol sensor market is further segmented into technology which is split into law enforcement agencies, commercial, individuals. Additionally, the alcohol sensor market on the basis of end-users is segmented into semiconductor oxide sensor technology, fuel cell technology, and others.

The segmental analysis presented in the alcohol sensor market report provides breathalyzer based organizations insights into key growth factors such as technological advances as well as challenges such as quality related concerns the market will face from 2020 to 2027. The growing application areas and the growth of communication channels are some of the key factors having an influence on breathalyzer based companies, suggest analysts as per the alcohol sensor services market report. But the report also identifies deployment issues and cost related concerns as major threats companies in breathalyzer will face till 2027.

Regional Overview

Breathalyzer based companies in the alcohol sensor market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The growing demand for innovative products will be a key growth driver for regional markets. However, lack of data authentication systems will turn out to be a threat. For the forecast period 2020 to 2027 each of these regional markets are studied in the report. Starting from North America, the regional market and breathalyzer based companies are spread across the United States, Canada, and Mexico. Unreliable results will turn out to be a major challenge from 2018 to 2027. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by rapid urbanization as well as the increasing disposable income, suggests the report. Similarly, the breathalyzer sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the alcohol sensor market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2027.

Competitive Landscape

The global alcohol sensor market research report brings a comprehensive study of application, technology, and end-users market segments, regional analysis, and breathalyzer based company details of key players. As the forecast period 2020 to 2027 will bring new opportunities for the market owing to shifting trends in the consumer market and the rise in distribution channels, the market is set to grow at a compound annual growth rate of 13.8% and is predicted to reach a value of US$1,985.3 million by 2027. With SWOT analysis of breathalyzer based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of developed infrastructure and evolving consumer needs, companies in the breathalyzer sector can change the way business is done.

The report extensively covers the leading players in the alcohol sensor market, such as AlcoPro Inc. BACKtrack Inc., Lifeloc Technologies, Giner Labs, Asahi Kasei Corporation, Intoximeters Inc., Abbot Laboratories, Alcohol Countermeasure Systems (International) Inc., Honeywell International Inc., Drägerwerk AG & Co. KGaA, to list a few.

Industry News

To expand its expanded Detection and Response (XDR) capability, CrowdStrike Holdings, Inc. is expected to purchase cloud log processing and observability platform provider Humio for $400 million. According to Humio CEO Geeta Schmidt, "CrowdStrike's Security Cloud is the perfect forum to expand Humio's technologies and scope while continuing our goal to enable customers to make data-rich decisions. Last month, CrowdStrike raised $740.6 million in a senior note offering for general corporate purposes.

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Wednesday, May 5, 2021

Friction Brake System Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

Distributed Control System Market COVID-19 Impact, Worldwide Analysis, Competitive Landscape, Future Trends, Opportunities, Sales, Revenue and Regional Forecast till 2027

Monday, May 3, 2021

Virtual Pipelines Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

Global Scaffolding Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2027

Web Content Management Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

Rugged power supply market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2027

Alcohol sensor market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2027

Portable Gaming Console Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

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