The global automotive steering system market is expected to develop with a CAGR of 5.01% during the forecast years from 2021 to 2028.
The stringent fuel efficiency norms are primarily driving the demand for automotive steering systems. Also, a growing demand for more functions in electronic control units is being observed. These factors are propelling the growth of the global market.
On the contrary, the high cost of automotive and the autonomous features in cars are hindering this growth process. However, the increase in automotive production and the growing adoption of electric vehicles indicate an overall positive outlook for the automotive steering system market.

REGIONAL OUTLOOK

Latin America, the Middle East and Africa, the Asia-Pacific, Europe, and North America together shape the global market for automotive steering systems.
The market in the Asia-Pacific is set to exhibit the fastest growth worldwide in the coming period. Factors such as the presence of a number of market leaders who are increasingly investing heavy sums in electric mobility services are the key factors driving the growth in this market. Additionally, the vast capacity expansion in India and China, increasing per capita income, and the development of the road network are further aiding the automotive steering system market growth in the APAC.

COMPETITIVE OUTLOOK

Some of the major players engaged in the automotive steering system market include Hyundai Mobis, Robert Bosch GmbH, Hitachi Astemo Ltd, China Automotive Systems Inc, NSK Ltd, ZF Friedrichshafen AG, Nexteer Automotive Corporation, JTEKT Corporation, Denso Corporation, Thyssenkrupp AG, Mitsubishi Electric Corporation, Honda Motor Company, and Mando Corporation.
JTEKT Corporation manufactures and sells automotive components, bearings, sensors, and machine tools & mechatronics. It offers automotive components such as steering systems, wheels, drivelines, and engine & peripheral parts. The products available in steering systems include hydraulic power steering, electronic power steering, and several unit components.
Further, in electronic power steering, the company offers pinion type electronic power steering, column type electronic power steering, rack direct drive type electronic power steering, electric pump type hydraulic power steering, and dual pinion type electronic power steering. JTEKT Corporation has a business presence in North America, the Asia-Pacific, Europe, the Middle East and Africa, and Latin America.

TABLE OF CONTENTS

1. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES
3. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)
4. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE
5. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. NORTH AMERICA
5.1.1. MARKET BY TYPE
5.1.2. MARKET BY EPS TYPE
5.1.3. MARKET BY EPS COMPONENTS
5.1.4. COUNTRY ANALYSIS
5.1.4.1. UNITED STATES
5.1.4.2. CANADA
5.2. EUROPE
5.2.1. MARKET BY TYPE
5.2.2. MARKET BY EPS TYPE
5.2.3. MARKET BY EPS COMPONENTS
5.2.4. COUNTRY ANALYSIS
5.2.4.1. UNITED KINGDOM
5.2.4.2. GERMANY
5.2.4.3. FRANCE
5.2.4.4. SPAIN
5.2.4.5. ITALY
5.2.4.6. RUSSIA
5.2.4.7. REST OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET BY TYPE
5.3.2. MARKET BY EPS TYPE
5.3.3. MARKET BY EPS COMPONENTS
5.3.4. COUNTRY ANALYSIS
5.3.4.1. CHINA
5.3.4.2. JAPAN
5.3.4.3. INDIA
5.3.4.4. SOUTH KOREA
5.3.4.5. ASEAN COUNTRIES
5.3.4.6. REST OF ASIA-PACIFIC
5.4. LATIN AMERICA
5.4.1. MARKET BY TYPE
5.4.2. MARKET BY EPS TYPE
5.4.3. MARKET BY EPS COMPONENTS
5.4.4. COUNTRY ANALYSIS
5.4.4.1. BRAZIL
5.4.4.2. MEXICO
5.4.4.3. REST OF LATIN AMERICA
5.5. MIDDLE EAST AND AFRICA
5.5.1. MARKET BY TYPE
5.5.2. MARKET BY EPS TYPE
5.5.3. MARKET BY EPS COMPONENTS
5.5.4. COUNTRY ANALYSIS
5.5.4.1. TURKEY
5.5.4.2. SOUTH AFRICA
5.5.4.3. MOROCCO
5.5.4.4. REST OF MIDDLE EAST & AFRICA
6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 11: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 12: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: EUROPE ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 14: EUROPE ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2020 & 2028 (IN %)
FIGURE 5: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ICE-DRIVEN, 2021-2028 (IN $ MILLION)
FIGURE 6: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2020 & 2028 (IN %)
FIGURE 8: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY BEV (BATTERY ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY FCEV (FUEL CELL ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY HEV (HYBRID ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 13: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 23: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 24: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 25: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 26: UNITED STATES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: CANADA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: UNITED KINGDOM AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: GERMANY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 30: FRANCE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: SPAIN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: ITALY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: RUSSIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: REST OF EUROPE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: CHINA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: JAPAN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: INDIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: SOUTH KOREA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 39: ASEAN COUNTRIES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 40: REST OF ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: BRAZIL AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: MEXICO AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 43: REST OF LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 44: TURKEY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 45: SOUTH AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 46: MOROCCO AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 47: REST OF MIDDLE EAST & AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

The post GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 first appeared on CRI Report.

The global solid-state transformer market is expected to value $207.3 million in 2025 and is projected to reach $467.0 million in 2031, following a CAGR of 14.34% during the forecast period 2026-2031. The growth in the global solid-state transformer market is expected to be driven by an increase in investment toward the building and construction of power transmission and distribution networks, renewable power generation, and EV charging station infrastructure across the globe.

Market Lifecycle Stage

The solid-state transformer market is in the research and development phase. Solid-state transformers are expected to be the replacement for conventional transformers in the coming years.

Impact

• Solid-state transformers are the primary building blocks of the smart grid infrastructure. Such a transformer can transfer power bidirectionally and scale down and scale up voltages as per the application. The companies that manufacture conventional transformers are taking an interest in the R&D of solid-state transformers to fulfill the future demand from smart grid infrastructure.
• Solid-state transformers, with the inclusion of communication capability among components used in the power system infrastructure, can be referred to as the smart transformer in the coming years. It will help power utilities in the measurement of demand and supply of electricity use. A solid-state transformer has various advantages over conventional transformers, including power factor correction, fault isolation, harmonic reduction, voltage sag and swell compensation, bidirectional power transfer, and others.

Impact of COVID-19

Due to the COVID-19 pandemic, research and development slowed down across many industries owing to the lack of funding, halted manufacturing activities, and components or raw material supply chain disruptions. In addition, a halt in the building and construction of renewable power infrastructure and smart grid projects has also been induced by COVID-19, which is resulted in a decrease in demand for transformer products and further affected R&D projects worldwide.

Market Segmentation:

Segmentation 1: by Application

• Smart Grid
• Renewable Power Integration
• Traction Locomotive
• EV Charging Station
• Others

Based on applications, the global solid-state transformer market is expected to be dominated by renewable power integration applications. This is followed by the EV charging stations segment, which is expected to account for the second-largest share in the solid-state transformer market due to increasing demand for electric vehicles and the building and construction of EV charging stations across the globe.

Segmentation 2: by Product Type

• Power Transformer
• Distribution Transformer
• Traction Transformer

Based on product types, the distribution transformer segment is estimated to capture the highest market share during the period 2026 to 2031. This type of transformer is increasingly used in power distribution networks and in renewable power integration. In addition, the replacement of aged power distribution systems in the countries such as Germany, India, the U.S., the U.K., and other countries is further expected to fuel the demand for distribution transformers during the forecast period.

Segmentation 3: by Region

• North America – U.S., Canada, and Mexico
• Europe – Germany, France, Italy, Spain, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific – India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific
• Middle East and Africa – Saudi Arabia, South Africa, and Rest-of-Middle East & Africa
• South America – Brazil, Rest-of-South America

Asia-Pacific is anticipated to generate the highest revenue of $61.0 million in 2025. The region is experiencing an increase in renewable power generation, distributed generation, and sales of electric vehicles. Therefore, conventional transformer technology will be challenged by solid-state transformer (SST) alternatives in renewable power transmission and distribution infrastructures. The Asia-Pacific region is anticipated to grow at a faster rate compared to any other region.

Recent Developments in the Global Solid-State Transformer Market

• In January 2022, Eaton Corporation acquired Royal Power Solutions (EV component producer) for $600 million. Under the agreement between the Department of Energy (DOE) and Eaton Corporation, Eaton would develop and demonstrate electric vehicle charging infrastructure (EVCI). To support this charging infrastructure, Eaton would develop a solid-state transformer. This acquisition strengthened the position of eMobility company in the EV sector.
• In March 2021, Hitachi Energy (formerly Hitachi ABB Power Grids) collaborated with Nanyang Technological University (NTU) Singapore. This collaboration aimed at advancing developments in solid-state transformer (SST) technology. This project is supported by the National Research Foundation, Singapore (NRF). This would enhance the product portfolio of the company and its presence in the solid-state transformer market.
• In December 2019, ERMCO, Inc partnered with SP Energy Networks (a U.K. electricity network operator). Through this partnership, ERMCO would provide smart transformer solutions to LV Engine project. This project would monitor or demonstrate how smart transformers can efficiently manage energy, and then they would deliver smarter grids with lower carbon emissions.
• In December 2021, Eaton Corporation signed an agreement with the Department of Energy (DOE). This agreement or award was aimed at developing low-cost fast-charging infrastructure, solid-state transformers, and modular chargers in a three-year timeframe (2022-2025). This would strengthen the position of the company in the solid-state transformer market globally.

Demand – Drivers and Limitations

The following are the demand drivers for the solid-state transformer market:

• Increase in Renewable Power Generation
• Rise in Number of Electric Vehicle Charging Stations
• Electrification of Rail Locomotives across the Globe
• High Voltage DC (HVDC) Integration

The market is expected to face the following challenges:

• High Initial Cost of Solid-State Transformer
• Technical Challenges
• Lack of Basic Power Infrastructure in Underdeveloped Countries

How can this report add value to end users?

Product/Innovation Strategy: The product type segment helps the reader understand the different types of transformers that are expected to be available for deployment in the power infrastructures. Moreover, the study provides the reader with a detailed understanding of the different product types by applications (smart grid, renewable power integration, electric vehicle charging stations, traction locomotives, and others). A solid-state transformer is expected to be a highly efficient power transformer when compared to conventional transformers. Therefore, the solid-state transformer market is expected to be a moderate investment and high revenue generating product in the coming years owing to the rise in investment toward smart grid, renewable power expansion, and others.

Growth/Marketing Strategy: The global solid-state transformer market has seen major development by key players operating in the market, such as acquisitions, partnerships, agreements, and product launches. The favored strategy for the companies has been collaborations, agreements, and acquisitions to strengthen their positions in the solid-state transformer market.

For instance, in March 2021, Hitachi Energy (formerly Hitachi ABB Power Grids) collaborated with Nanyang Technological University (NTU) Singapore. This collaboration was aimed at advancing developments in solid-state transformer (SST) technology. This project is supported by the National Research Foundation, Singapore (NRF). This would enhance the product portfolio of the company and improve developments in solid-state transformers.

Competitive Strategy: Key players in the global solid-state transformer (SST) market analyzed and profiled in the study involve transformer manufacturers that are engaged in the R&D of solid-state transformers and raw component suppliers in the manufacturing of SST. Moreover, a detailed competitive benchmarking of the players operating in the global solid-state transformer market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company’s coverage, product portfolio, its market penetration.

The top segment players leading the market include key power, distribution, and traction transformer manufacturers in the market and the ones engaged in the research and development of solid-state transformers across the globe.

Some of the prominent names in this market are:

• Siemens Energy
• Alstom SA
• Eaton Corporation
• Hitachi Energy Ltd.
• Schneider Electric
• Electric Research and Manufacturing Cooperative (ERMCO), Inc.
• Murata Manufacturing Co., Ltd.
• Standex International Corporation
• Wilson Transformers
• General Electric
• American Superconductor
• CG Power & Industrial Solutions Ltd.
• IONATE Limited
• Raychem RPG Private Limited
• Shree Abirami Engineering Works
• Southwest Electric Co.
• Unimag Power Transformer
• Bicron Electronics Company
• PowerUC
• SVM Private Limited

The post Solid-State Transformer Market – A Global and Regional Analysis: Focus on Product, Application, and Country-Wise Analysis – Analysis and Forecast, 2025-2031 first appeared on CRI Report.

The harvesting equipment market is expected to grow from $22.42 billion in the year 2021 to $30.11 billion by 2027, at a CAGR of 5.08% from 2022 to 2027. The growth in the global harvesting equipment market is expected to be driven by increasing demand for harvesting equipment in precision farming and the growing need to limit grain and cereals waste.

Market Lifecycle Stage

The harvesting equipment market is in the development phase. Increased research and development activities are underway to develop harvesting robots and electrification harvesting equipment, which is expected to increase the demand for harvesting equipment in farming practices.

Increasing investments in the R&D of harvesting equipment is one of the major opportunities in the global harvesting equipment market. Moreover, the functions of harvesting equipment such as harvesting, threshing, separating, cleaning, and collecting grain while moving through the standing crops are attracting farmers, animal feed producers, and the dairy industry.

Impact

• An increasing mechanized farming and acute labor shortage create the market opportunity for harvesting equipment manufacturers. As harvesting equipment saves the cost and time in farming practices and enhances the grain quality, the farmers are adopting harvesting equipment in their farming practices. Also, North America and Europe are adopting the agriculture 4.0 revolution trend and increasing precision farming practices. This creates better opportunities in North America and Europe markets.
• Additionally, harvesting equipment is used in various end-use industries, including animal feed and dairy. The growing demand for meat and dairy products will furthermore drive the harvesting equipment market during the forecast period 2022-2027.

Impact of COVID-19

COVID-19 pandemic directly impacted the manufacturing and transportation activities of the harvesting equipment market. Due to the pandemic, the supply chain of the harvesting equipment market was disturbed at the global level. Various governments closed their international trades and production units.

Due to this, the harvesting equipment market were hampered more at the global level. In mid-2021, manufacturing and transportation activities of the harvesting equipment started gradually, and international trades started efficiently. Therefore, the production and consumption of harvesting equipment products are expected to increase post-COVID-19 pandemic.

Market Segmentation:

Segmentation 1: by Application
• Agriculture
• Fodder

The global harvesting equipment market (by application) is dominated by the agriculture segment.

Segmentation 2: by Product
• Combine Harvester
• Forage Harvester
• Sugarcane Harvester
• Others

The global harvesting equipment market (by product) is dominated by the combine harvester segment. This is due to a wide variety of combine harvesters that can be manufactured, resulting in its higher adoption and usage in various crop types, including wheat, barley, maize, oats, rice, rye, sorghum, as well as numerous non-grain crops, including flax, rapeseed, soybeans, and sunflower globally.

Segmentation 3: by Region
• North America – U.S., Canada, and Mexico
• Europe – Germany, France, Italy, Spain, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific and Japan – Japan, India, Australia and New Zealand, and Rest-of-Asia-Pacific and Japan
• South America – Brazil, Argentina, and Rest-of-South America
• Rest-of-the-World – Middle East and Africa

During 2022-2027, the Asia-Pacific and Japan region is projected to display the fastest market growth of over 7.07%. The region presents immense scope for market development, owing to changing farming practices, acute harvesting labor shortage, rising awareness of mechanized farming, and growing market penetration of favorable investments by the government.

Recent Developments in Global Harvesting Equipment Market

• In March 2022, Deere & Company updated its S-Series combine harvesters as per consumer demand. Due to this, the company creates awareness among the farmers and drives sales growth globally.
• In May 2021, Mahindra & Mahindra Ltd. established a new production plant for farm equipment in Pithampur, India. This plant produces rice transplanters, potato planters, and harvesters. The company has a strong presence in Asian markets. Due to this investment, the company would increase its harvester production in the Asian market.
• In May 2021, CNH Industrial N.V. modernized its Case IH Axial-Flow 150 series combine harvesters with power, productivity, and ease of operations. Due to this upgradation, the company would target the mechanized and precision farming segment for further business expansion.
• In August 2021, Deere & Company launched two new cotton harvesters, namely, the CP770 Cotton Picker and CS770 Stripper. Due to this, the company strongly entered in cotton harvester segment globally.
• In September 2021, CNH Industrial N.V. launched Case IH Axial-Flow 4000 combine harvester in Africa and the Middle East region. Due to this product launch, CNH Industrial N.V. entered Africa and the Middle East market.

Demand – Drivers and Limitations

Following are the demand drivers for the harvesting equipment market:

• Growing Demand for Maize Crop Product
• Rising Demand for Harvesters in Precision Farming
• Surging Harvester Use in Forage Industry

The market is expected to face some limitations too due to the following challenges:

• High Initial Investment
• Lack of Technical Knowledge in Developing Countries
• Limited Availability of After-Sales Services

How Can This Report Add Value to an Organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of harvesting equipment available for deployment in the various crop types, including wheat, maize, rice, rye, sorghum, and forage crops globally.

Moreover, the study provides the reader with a detailed understanding of the different harvesting equipment by application (agriculture and fodder) and by product (combine harvester, forage harvester, sugarcane harvester, and others).

Harvesting equipment-based finished products generate higher revenues when compared to the operational and raw material costs. Therefore, the harvesting equipment business is a high revenue-generating business.

Growth/Marketing Strategy: The global harvesting equipment market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint ventures.

The favored strategy for the companies has been new product launches, expansions, acquisitions and joint ventures, and partnerships to strengthen their position in the harvesting equipment market. For instance, in September 2021, Mahindra & Mahindra Ltd. launched Swaraj Pro Combine 7060 harvester in Telangana, India. This harvester is used for paddy crop type. Due to this new product launch, the company is targeting paddy growers and is enhancing its market share in the India harvest equipment market.

Competitive Strategy: Key players in the global harvesting equipment market are analyzed and profiled in the study. Moreover, a detailed competitive benchmarking of the players operating in the global harvesting equipment market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

As of 2021, the top segment players leading the market include harvesting equipment public companies that capture around 60% of the presence in the market. Private players in harvesting equipment industries account for approximately 40% of the presence in the market.

Some of the prominent names established in this market are:

Company Type 1: Public Companies
• AGCO Corporation
• CNH Industrial N.V.
• Deere & Company
• KUBOTA Corporation
• KUHN SAS
• Mahindra & Mahindra Ltd.
• Tractor and Farm Equipment Limited
• YTO Group
• Zoomlion Heavy Industry Science & Technology Co., Ltd.

Company Type 2: Private Companies
• Bernard Krone Holding SE & Co. KG
• CLAAS KGaA mbH
• Dewulf
• Sonalika Group
• Weichai Lovol Heavy Industry Co., Ltd
• Yanmar Co Ltd

Company Type 3: Startup Companies
• Muddy Machines Ltd
• Ripe Robotics
• Inaho Inc.
• Four Growers
• Tevel Aerobotics Technologies Ltd

The post Harvesting Equipment Market – A Global and Regional Analysis: Focus on Harvesting Equipment Product and Application, Supply Chain Analysis, and Country Analysis – Analysis and Forecast, 2022-2027 first appeared on CRI Report.

Market Segmentation

• Product – Software and Services
• Deployment – On-Premises and Cloud
• Application Type – Automotive OEMs and Autonomous Driving Technology Development Companies, Tier-1 and Tier-2 Component Manufacturers, University and Research Center, Technology Companies, and Regulatory Bodies
• Level of Autonomy – Level 2, Level 3, Level 4 and 5

Regional Segmentation

• China
• North America – U.S., Canada, and Mexico
• South America
• Europe – Germany, France, Spain, and Rest-of-Europe
• U.K.
• Middle East and Africa
• Asia-Pacific and Japan – Japan, South Korea, and Rest-of-Asia-Pacific and Japan

Market Growth Drivers

• Need for Virtual Testing of Autonomous Vehicles
• Increasing Government Initiatives Toward Connected and Autonomous Infrastructure
• Increasing Demand for Reliable Transportation System for Road Safety
• Reduction in Research, Development, Production, and Training Costs
• Growing Interest Toward Cloud-Based Solutions

Market Challenges

• Safety and Reliability Issues with Autonomous Vehicles
• Rise in Cyber Threat Due to Increase in Data
• Complexity in Integration of New Software Solution With the Existing System

Market Opportunities

• Paradigm Shift from Private Car Ownership to Shared Mobility
• Increasing Focus on Vehicle Platooning
• Use of Simulation in Fourth Industrial Revolution

Key Companies Profiled

Altair Engineering, Inc., Ansys, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, LG Electronics, Nvidia Corporation, rFpro, The MathWorks, Inc., SAP SE, aiMotive

How This Report Can Add Value

This extensive report can help with:

• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global autonomous vehicle simulation solutions market
• Extensive competitive benchmarking of top 15 players offering a holistic view of the global autonomous vehicle simulation solutions market landscape
• Qualitative and quantitative analysis of autonomous vehicle simulation solutions market at the region and country-level and granularity based on application and product segments

Recent Developments in Autonomous Vehicle Simulation Solutions Market

• In January 2021, Ansys, Inc released HFSS Mesh Fusion. HFSS Mesh Fusion accelerates the development of cutting-edge products by allowing for quick and completely linked modeling of complicated EM systems without compromising design or accuracy.
• In June 2021, LeddarTech and Cognata, Ltd. announced that Cognata’s simulation authoring software had been integrated with LeddarTech’s sensor fusion and perception technology, LeddarVision, to speed up testing and validation of self-driving agriculture vehicles.

Key Questions Answered in the Report

• What are the underlying structures resulting in the emerging trends within the autonomous vehicle simulation solutions market?
• How is the autonomous vehicle simulation solutions market impacted by the introduction of autonomous and connected vehicles?
• How are emerging technologies such as artificial intelligence (AI), 5G communication, and the Internet of Things (IoT) driving the growth of the autonomous vehicle simulation solutions market?
• Which are the major patents filled in the autonomous vehicle simulation solutions space?
• What is the role of governments in various regions regarding the environmental issues and regulatory measures that contribute toward changing the landscape of the Autonomous Vehicle Simulation Solutions market?
• What are the key developmental strategies implemented by the prominent players to sustain the competitive market?
• What has been the impact of COVID-19 on the Autonomous Vehicle Simulation Solutions market?

Autonomous Vehicle Simulation Solutions

Autonomous vehicle simulation solutions help to build different driving scenarios inside virtual scenes with respect to sensor settings, vehicle actions, traffic, pedestrians, and infrastructure. Automotive OEMs and other stakeholders can use simulation software in autonomous vehicles to simulate many sensors such as lidar, radar, camera, global positioning system (GPS), inertial measurement units (IMU), vehicle-to-vehicle (V2V), and HD maps.

Global Autonomous Vehicle Simulation Solutions Industry Overview

The global autonomous vehicle simulation solutions market is expected to reach $2,971.4 million by 2031, with a CAGR of 13.4% during the forecast period 2022-2031.

According to studies, the autonomous vehicle simulation solutions industry is driven by several factors such as growing emphasis on road safety, favorable government policies to develop infrastructure for autonomous vehicles, and increasing road congestion.

Market Segmentation

Autonomous Vehicle Simulation Solutions Market by Region

North America dominated the autonomous vehicle simulation solutions market in 2021 and is anticipated to uphold its dominance throughout the forecast period 2022-2031. The autonomous vehicle industry in North America is majorly driven by the growing demand for advanced safety features such as adaptive cruise control, traffic jam assist, and autopilot. Additionally, the increasing number of high-end passenger cars is expected to boost the market growth, as North America is home to numerous leading high-end passenger car manufacturers providing vehicles that are equipped with level 1 and level 2 of autonomy.

Key Market Players and Competition Synopsis

Some key players operating in the market are Altair Engineering, Inc., Ansys, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, LG Electronics, Nvidia Corporation, rFpro, The MathWorks, Inc., SAP SE, and aiMotive.

The companies profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the autonomous vehicle simulation solutions market.

The post Autonomous Vehicle Simulation Solutions Market – A Global Market and Regional Analysis: Focus on Product and Application, Supply Chain, and Country-Level Analysis – Analysis and Forecast, 2020-2031 first appeared on CRI Report.

Market Segmentation

• Type (Expanded Carrier Screening and Targeted Carrier Screening)
• Product (In Vitro Diagnostics And Laboratory Developed Tests)
• Carrier Screening Type (Prenatal Carrier Screening And Preconception Carrier Screening)
• Technology (Next-Generation Sequencing (NGS), Polymerase Chain Reaction (PCR), Microarray, And Other Technologies)
• Indication (Fragile X Syndrome, Cystic Fibrosis, Spinal Muscular Atrophy, Down’s Syndrome, Thalassemia, Tay-Sachs Disease, Huntington’s Disease, Sickle Cell Anemia, Hemophilia, and Other Indications)

Regional Segmentation

• North America: U.S., Canada
• Europe: Germany, France, U.K, Italy, Spain, Netherlands, Denmark, Belgium, Switzerland and Rest-of-Europe
• Asia-Pacific: China, Japan, India, South Korea, Australia, Singapore, Rest-of-Asia-Pacific
• Latin America: Brazil, Mexico, Rest-of-Latin America
• Rest-of-the-World

Market Growth Drivers

• Decreasing Cost of Sequencing
• Rising Emphasis on Early Detection and Prevention of Complex Genetic Disorders
• Increasing Maternal Age Leading to Pregnancy Complications
• Rising Funding and Innovation in the carrier Screening Ecosystem

Market Challenges

• Regulatory Challenges in the Field of Carrier Screening
• Lack of High Complexity Testing Centers
• Existing Diagnostic Confidence on Conventional Screening Methods

Market Opportunities

• Massive Scope for Adoption of Carrier Screening in Developing Nations

Key Companies Profiled

BGI Group, CENTOGENE N.V., Eurofins Scientific, Fulgent Genetics, Inc., Gene by Gene, Ltd., Illumina, Inc., Invitae Corporation, Laboratory Corporation of America Holdings, Myriad Genetics, Inc., Natera, Inc., OPKO Health, Quest Diagnostics Incorporated, Sema4, Thermo Fisher Scientific Inc., Yourgene Health Plc

Key Questions Answered in this Report:

• How is carrier screening revolutionizing the field of reproductive health?
• What are the major market drivers, challenges, and opportunities in the global carrier screening market?
• What are the underlying structures resulting in the emerging trends within the global carrier screening market?
• How is the COVID-19 pandemic impacting the global carrier screening ecosystem??
• What are the key development strategies that the major players are implementing in order to sustain themselves in the competitive market?
• What are the key regulatory implications in developed and developing regions pertaining to the use of carrier screening?
• What are the potential entry barriers expected to be faced by the companies willing to enter a particular region?
• How is each market segment expected to grow during the forecast period 2021-2031, and what is the anticipated revenue to be generated by each segment? Following are the segments:
o Type (expanded carrier screening and targeted carrier screening)
o Product (in vitro diagnostics and laboratory developed tests)
o Carrier Screening Type (prenatal carrier screening and preconception carrier screening)
o Technology (next-generation sequencing, polymerase chain reaction, microarray, and other technologies)
o Indication (fragile X syndrome, cystic fibrosis, spinal muscular atrophy, Down’s Syndrome, thalassemia, Tay-Sachs Disease, Huntington’s Disease, sickle cell anemia, hemophilia, and other indications)
o Region (North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World)
• What are the growth opportunities for the carrier screening companies in the region of their operation?
• Who are the leading players with significant offerings in the global carrier screening market?
• Which companies are anticipated to be highly disruptive in the future, and why?

Market Overview

The growth of the carrier screening market is expected to be driven by the decrease in the cost of sequencing, rising emphasis on early detection and prevention of complex genetic disorders, and increasing maternal age leading to pregnancy complications.

However, there are significant challenges restraining the market growth, such as the regulatory challenges in the field of carrier screening, and the lack of high complexity testing centers. Carrier screening is a hereditary test that gives information about whether a person carries a gene for certain genetic disorders.

It is performed before or during pregnancy times. Carrier screening allows a person to find out the chances of having a child with a genetic disorder.

Carrier screening involves testing blood, saliva, or tissue extracted from inside the cheeks. In cases of genetic disorders, a person should have two affected genes to have the disorder. A person who is a carrier has only one gene for a disorder and usually does not have symptoms or have only mild symptoms.

The current market for carrier screening is majorly dominated by manufacturers and service providers such as BGI Group, CENTOGENE N.V., Eurofins Scientific, Fulgent Genetics, Inc., Gene by Gene, Ltd., Illumina, Inc., Invitae Corporation, Laboratory Corporation of America Holdings, Myriad Genetics, Inc., Natera, Inc., OPKO Health, Quest Diagnostics Incorporated, Sema4, Thermo Fisher Scientific Inc., and Yourgene Health Plc.

The global carrier screening market is projected to reach $4,479.0 million by 2031, growing from $1,187.4 million in 2020, at a CAGR of 12.67% during the forecast period 2021-2031.

The carrier screening market is an emerging market with huge growth potential. Recent technological advancements are facilitating the adoption of the technology at a rapid pace. Carrier screening are genetic tests that are used for determining if a person is a potential carrier of genetic disorders such as cystic fibrosis (CF), Down’s syndrome, Fragile X syndrome, sickle cell anemia, and spinal muscular atrophy (SMA).

Carrier screening tests are extensively used by couples considering becoming pregnant to determine the risks of passing genetic anomalies to the child. This study aims at deciphering the potential of carrier screening and its larger role in bolstering the current era of precision medicine in the field of reproductive health.

Competitive Landscape

The growth of this market can be majorly attributed to the presence of well-established guidelines regarding carrier screening, presence of established companies undertaking key business strategies, decrease in the cost of sequencing, rising emphasis on early detection and prevention of complex genetic disorders, and increasing maternal age leading to pregnancy complications, among others.

Further, increasing focus on research pertaining to carrier screening such as targeted carrier screening in spinal muscle atrophy and emerging application of preconcecption carrier screening is also expected to support the growth of the carrier screening market during the forecast period, 2021-2031.

The growth of other technologies, such as next-generation sequencing and PCR can be attributed to the increased clinical research to understand the involvement of molecular pathology in the diagnosis and prognosis of genetic disorders.

Based on region, North America holds the largest share in the market, owing to improved healthcare infrastructure, rise in per capita income, and improvised reimbursement policies in the region. However, the Asia-Pacific region is anticipated to grow at the fastest CAGR during the forecast period 2021-2031.

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The post Carrier Screening Market – A Global and Regional Analysis: Focus on Type, Product, Carrier Screening Type, Technology, Indication, and Region – Analysis and Forecast, 2021-2031 first appeared on CRI Report.

Market Segmentation

• Product
• by Device
• Mobile Devices
• IoT and Edge-Computing Devices
• Networking Devices
• Others
• by Communication Infrastructure
• Wireless
I. Mobile Cellular
II. Mobile Broadband
• Fixed

• Application
• by End Use Applications
• Consumer
I. Mobile
II. M2M
III. Computing
• Industrial and Enterprise
I. Industry 4.0
II. Smart City and Urban infrastructure
III. eHealthcare
IV. Autonomous Vehicle
V. Others

Regional Segmentation

• North America – U.S., Canada, and Mexico
• Europe – Finland, Germany, Sweden, and Switzerland
• U.K.
• Asia-Pacific and Japan – Australia, South Korea, Japan, and India
• China
• Middle East and Africa – U.A.E.
• South America – Brazil, Rest-of-South America

Growth Drivers

• High emphasis on low latency network for specific applications
• Growth of internet users and edge-computing devices
• Growth of smart technologies
• Increased emphasis on satellite communication

Market Challenges

• Slower transition from older communication generation
• Very large investment requirements

Market Opportunities

• Use of holography in communication
• Use of 6G in growth of IoT, blockchain, and artificial intelligence
• UN SDGs and mobile communications

Key 6G Companies Profiled

Apple Inc., Nokia Corporation, AT&T Inc., T-Mobile US, Inc., Verizon Communications Inc., Intel Corporation, Huawei Technologies Co., Ltd., LG Corporation, Cisco Systems, Inc., and Sony Corporation, among others

Key Questions Answered in this Report:

• What is the expected market scenario for 6G after it is launched in 2030?
• How will the current market developments affect the market for 6G?
• What are the underlying structures resulting in the emerging trends within global 6G market?
• What are the estimations for the 6G market size in terms of revenue starting from 2030, and expected compound annual growth rate (CAGR) during the forecast period?
• What is the expected outlook and revenue to be generated by the different types of product offerings such as device and communication infrastructure?
• What is the expected outlook and estimated revenue of different applications segmented as consumer and industrial applications?
• Who are the different stakeholders, and what is their role in the development of 6G market?
• What is the current market size, forecast, and regional market trends for the 6G market across different regions, namely, North America, South America, the U.K., Europe, Asia-Pacific and Japan, China, and the Middle East and Africa?
• What are the major challenges inhibiting the growth of global 6G market?
• What are the new growth strategies (mergers and acquisitions, partnerships, expansions, products, and others) being adopted by the existing market players to expand their market share in the industry?

Market Overview

Global 6G market is yet to start as NTT Docomo has announced 2030 as the launch year for 6G. All the telecommunication companies that are the most important stakeholder in the 6G market are currently focused on developing 5G spectrums and working toward the transition from 4G to 5G. Currently, the focus for 6G is limited to research and development, which is why most of the companies such as smartphone manufacturers, semiconductor vendors, smart technology vendors, and other important technology-oriented companies are focusing on developing applications for the 6G spectrum. These applications include smart cities, edge devices, autonomous vehicles, holographic communication, and satellite communication. Such developments are expected to boost the development of supportive 6G technologies, which will eventually have a huge impact on the 6G market.

Major driving factors for the 6G industry are the growing emphasis on connectivity and rising demand for 6G communication in recently developed technologies such as IoT and blockchain. Thus, commercialization of such connectivity dependent technologies will get a boost with high-speed internet and remote connectivity, which are characteristics of 6G technologies. Another core factor that will have a significant impact on the market is rapid urbanization and communication becoming a basic right for human sustenance. A large population has already migrated to large cities for more opportunities and better life. Communication and connectivity have played a significant role in this migration. The Increasing efforts toward promoting smart cities and increasing urban population are also expected to have a significant impact on the adoption of 6G technologies.

Competitive Landscape

The competitive landscape of global 6G market consists of different strategies undertaken by major players across the telecommunication and electronics industries to gain an early market presence. Some of the strategies adopted by network and consumer electronics providers are new product launches, business expansions, partnerships, and collaborations. Among all the strategies adopted, partnerships, collaborations, and joint ventures have been the most prominent strategies adopted by telecommunication and electronics providers. The competitive landscape provides an organization with the edge to understand its key business strategy in the industry, its current competitors, and potential future competitors that might have made their way into the market.

The 6G market is poised to grow over time, compelling companies to come up with collaborative strategies to sustain in the intensely competitive market. Companies with an identical product portfolio, with a need for additional resources, often partner and come together for joint venture programs, which help these companies gain access to one another’s resources and facilitates them to achieve their objectives faster. This strategy has been a widely adopted strategy by the players in this market. For instance, in January 2021, Google cloud and Nokia entered a partnership to work together on the cloud-native 5G core and develop the network edge as a business services platform for enterprises.

Key players in global 6G market are coming up with different product launch activities to generate public awareness about the new and upcoming developments that will lead to the advent of products supporting the 6G technology. Product development and innovation have helped these companies to compete with the competitors’ product portfolio. This strategy has also been a widely adopted strategy by the players in this market. For instance, in August 2020, China Unicom set up over 150,000 base stations in the country, with its 5G network playing a big role in the growth of the company.

The post 6G Market – A Global and Regional Analysis: Focus on 6G Applications, Products, Trends, Drivers, Opportunities, Stakeholder Analysis, Patents and Country Analysis first appeared on CRI Report.

Commonly referred to as FWA, Fixed Wireless Access has emerged as one of the most predominant use cases for early 5G network rollouts. Multiple mobile operators and service providers are initially seeking to capitalize on 5G as a fixed wireless alternative to deliver last-mile connectivity – at multi-hundred Megabit and Gigabit speeds – in areas with insufficient fiber holdings.

The very first standardized deployments of 5G-based FWA are expected to be commercialized as early as 2019. Largely driven by early commercial rollouts by Verizon Communications and AT&T in the United States, 5G-based FWA subscriptions are expected to account for $1 Billion in service revenue by the end of 2019 alone. The market is further expected to grow at a CAGR of approximately 84% between 2019 and 2025, eventually accounting for more than $40 Billion.

The “5G for FWA (Fixed Wireless Access): 2017 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of the emerging 5G-based FWA ecosystem including key market drivers, challenges, enabling technologies, revenue potential, application scenarios, service provider deployment commitments, case studies, spectrum availability/allocation, vendor profiles and strategies. The report also presents forecasts for 5G-based FWA investments and operator services.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Topics Covered
The report covers the following topics:
– 5G architecture, requirements and applications
– Market drivers and barriers to the adoption of 5G
– Key enabling technologies and complementary concepts
– Business case and application scenarios for 5G-based FWA
– Analysis of spectrum availability and allocation for 5G-based FWA
– Case studies of 13 FWA deployments based on 5G and other wireless technologies
– Company profiles and strategies of 80 FWA vendors
– Strategic recommendations for vendors and service providers
– Market analysis and forecasts till 2030

Forecast Segmentation
Market forecasts are provided for each of the following submarkets and their subcategories:

5G Infrastructure Investments
– 5G NR (New Radio) Infrastructure
– NextGen (Next Generation) Core Network
– Fronthaul & Backhaul Networking

5G-Based FWA User Equipment Investments
– Unit Shipments
– Unit Shipment Revenue

5G-Based FWA Operator Services
– Subscriptions
– Service Revenue

Application Scenario Segmentation
– Broadband Internet
– Pay TV
– IoT & Other Applications

User Base Segmentation
– Residential
– Business

Regional Segmentation
– Asia Pacific
– Eastern Europe
– Latin & Central America
– Middle East & Africa
– North America
– Western Europe

Key Questions Answered
The report provides answers to the following key questions:
– How big is the opportunity for 5G-based FWA?
– What trends, challenges and barriers will influence the development and adoption of 5G-based FWA?
– How have advanced antenna and chip technologies made it possible to utilize millimeter wave spectrum for 5G-based FWA?
– What are the key application scenarios for 5G-based FWA?
– Can 5G-based FWA enable mobile operators to tap into the pay TV market?
– How can mobile operators leverage early deployments of 5G-based FWA to better prepare their networks for planned 5G mobile service rollouts?
– What will be the number of 5G-based FWA subscriptions in 2019 and at what rate will it grow?
– Which regions and countries will be the first to adopt 5G-based FWA?
– Which frequency bands are most likely to be utilized by 5G-based FWA deployments?
– What is the cost saving potential of 5G-based FWA for last-mile connectivity?
– Who are the key market players and what are their strategies?
– What strategies should 5G-based FWA vendors and service providers adopt to remain competitive?

Key Findings
The report has the following key findings:
– 5G-based FWA subscriptions are expected to account for $1 Billion in service revenue by the end of 2019 alone. The market is further expected to grow at a CAGR of approximately 84% between 2019 and 2025, eventually accounting for more than $40 Billion.
– SNS Research estimates that 5G-based FWA can reduce the initial cost of establishing last-mile connectivity by as much as 40% – in comparison to FTTP (Fiber-to-the-Premises). In addition, 5G can significantly accelerate rollout times by eliminating the need to lay cables as required for FTTP rollouts.
– The 28 GHz frequency band is widely preferred for early 5G-based FWA deployments, as many vendors have already developed 28 GHz-capable equipment – driven by demands for early field trials in multiple markets including the United States and South Korea.
– Millimeter wave wireless connectivity specialists are well-positioned to capitalize on the growing demand for 5G-based FWA. However, in order to compete effectively against existing mobile infrastructure giants, they will need to closely align their multi-gigabit capacity FWA solutions with 3GPP specifications.
– While many industry analysts believe that 5G-based FWA is only suitable for densely populated urban areas, a number of rural carriers – including C Spire and U.S. Cellular – are beginning to view 5G as a means to deliver last-mile broadband connectivity to underserved rural communities.

The post 5G for FWA (Fixed Wireless Access): 2017 – 2030 first appeared on CRI Report.