Knowledge Sourcing Intelligence Blog

Introduction It is expected that in 2024, the automotive braking system market size is going to grow at a CAGR of 1.62% with a market size of US$38.738 billion from US$35.180 billion in 2018. Swift growing demand for automobiles owing to an increase in disposable income in the major developing economies around the globe is expected to drive the demand for braking systems. Furthermore, an increasing number of road accidents has led the manufacturers to spend heavily in R&D to bring out the state-of-art technology for advanced and safe braking systems which is also expected to augment the demand and thus drive the automotive braking system market growth during the forecast period.                                                                                                                          Automotive braking system Market by Vehicle Type By vehicle type, the automotive braking system market is segmented as passenger vehicles and commercial vehicles. The

Introduction The Global blister packaging market is expected to grow at a CAGR of 5.16% to reach a market size of US$12,197.471 million in 2024 from US$9,020.259 million in 2018 and by volume, the market is poised to grow at a CAGR of 6.70% from 1,068.964 thousand tonnes in 2018. Blister packaging is a type of packaging used to sell products in a cavity which is backed by cardboard paper, aluminum or film seal.  The growing demand for conveniently packaged and tamper evident products along with increased concern towards sustainable packaging material has given a boost to the global blister packaging market share. Expanding P harmaceutical Industry : As with most other packaged goods, pharmaceuticals need reliable and speedy packaging solutions that deliver a combination of product protection, quality, tamper evidence, patient comfort, and security needs. Expanding pharmaceutical and healthcare industry is anticipated to increase the blister packaging market share during t

Introduction In 2014, the electronic toll collection system is expected to grow at the CAGR of 9.97% with the market size of US$ 7515.10 billion from US$ 4248.70 billion in 2018. The electronic toll collection system is the complex and latest technology for toll collection as it allows the vehicle to pass through without stopping the driver which makes the traffic to flow smoothly, as the electronic toll collection system is capable of charging the toll if there is customer account in the system.                                           The key factors which are increasing the electronic toll collection system market size is due to the growth of electronic and IT industry, regulations applied by the government to control the carbon emission and the infrastructure development by the government is propelling the growth of the market, and also due to the emerging trend toward the electronic toll collection in major developing countries the demand for electronic toll

Introduction It is expected that in 2024, the sports technology market size is going to grow at a CAGR 15.32% with market size of US$33,629.367 million from US$14,296.632  million  in 2018. The sports technology market has a vast impact on sports and people as many processes have become easier and quicker like analysis of performance, accuracy in time measurement, giving a better view of the spectators and improvement in the design of sports clothing, due which there is an increase in both revenue and the attention of people.  On the other hand, continuous technological innovations in the field of both hardware and software increased the accuracy and performance of the equipment used, resulting in the growth in the market share of the sports technology market . On the basis of the type, the sports technology is divided into wearable devices, digital signage, smart stadiums, sports analytics, and others, and by sports, it includes soccer, basketball, tennis, cricket, and others

Introduction Global  Flame Resistant Fabrics Market is projected to witness the growth at a CAGR of 5.73% during the forecast period to reach the total market size of US$5.787 billion by 2022, increasing from US$4.379 billion in 2017. Growing concerns regarding workers’ safety in hazardous working environments are the major driver of global Flame Resistant Fabrics Market. Stringent regulations for the protection of workers are further contributing to the market growth of flame resistant fabrics across the globe.                                  Increasing use of flame-resistant fabric for stage drapery in public places such as school, theatre, and auditoriums will also bolster the market growth over the forecast period. Technological advancement is leading to product innovations, leading to the availability of various new and effective flame resistant fabrics in the market, positively impact the growth of the global flame resistant market over the next five years. Growing case

Introduction Europe  pharmacy automation market is projected to grow at a CAGR of 5.92% during the forecast period to reach a total market size of US$1.905 billion in 2022 from US$1.349 billion in 2016.    Rising healthcare costs is the major factor driving the demand for pharmacy automation in Europe. Growing focus on disease prevention and management, coupled with an increasing need for reducing medication errors is further escalating the demand for pharmacy automation solutions and services in the region. Countries such as Spain and France have the strictest level of regulation regarding pharmacy and healthcare facilities.                           Stringent Regulatory standards - Market Driver Stringent regulations in pharmacy industry  are fuelling the growth of Europe pharmacy automation market. Regulatory standards set for the manufacturing and distribution of drugs and medicines is boosting the need for automation in pharmacy industry to eliminate the chances of

Introduction In 2021, the market for fuel additives is projected to reach US$9.784 billion, increasing from US$6.394 billion, growing at a CAGR of 7 .35% during the forecast period. Fuel additives help improve the efficiency of fuels like gasoline and diesel. On the basis of product type, the fuel additives market has been segmented as deposit control additives,  cetane improvers, antioxidants, dyes, lubricity additives, corrosion inhibitors, and  others, while on the basis of application, the fuel additives market has been segmented into gasoline, diesel, and others.                           Factors driving growth in the market are, stringent government regulations for fuel efficiency and environmental protection, increasing demand for ultra-low- sulphur diesel, robust automobile markets like China and India, high growth in demand for gasoline, continuous upgradation in engine design and development and expanding urbanization leading to high demand for fuels for househo

INTRODUCTION The global access controlled market is projected to witness the growth at a CAGR of 6.67% during the forecast period to reach the total market size of US$ 8.361 billion by 2022, increasing from US$6.053 billion in 2017. Access control is a way of limiting access to a system or to physical or virtual resources. In computing, access control is a process by which users are granted access and certain privileges to systems, resources or information. In access control systems, users must present credentials before they can be granted access.  The access control system enables security systems to be centrally controlled. It offers customizable systems, allowing access to the restricted area to particular individuals at a certain time. The system also provides the advantage of keeping a track of logging activity along with the benefits of remote access as well.  Market Research  is done by the knowledge sourcing industry due to the huge scope with the respective industry.