The global on-board charger market is expected to reach $43.94 billion by 2032 from $2.16 billion in 2021, growing with a CAGR of 29.54% during the forecast period 2022-2032. The growth in the global on-board charger market is expected to be driven by increasing sales of electric vehicles worldwide.

Market Lifecycle Stage

On-board chargers used in an electric vehicle are advancing technologically and are expected to grow faster in the forecast period. Key market development activities are expected to be boosted by ongoing research and development activities in manufacturing high-performance on-board chargers.

The global on-board charger market is still in the growth phase. An increasing fleet of electric vehicles is propelling the sales of the on-board charger in the market. As a result, the global on-board charger market is expected to flourish in the forecast period.

Impact

• The government and federal agencies are investing heavily in subsidies and infrastructure development to promote electric vehicles and reduce carbon dioxide emissions.
• In 2020 and 2021, many European countries introduced the initiative to offer incentives for those purchasing electric vehicles. For instance, in July 2021, Germany introduced a new initiative to provide incentives for up to $10,200 for buyers of electric vehicles and $7,600 for buyers of hybrid vehicles. Similarly, France provides incentives for up to $6,800 for buyers of electric vehicles.

Impact of COVID-19

The COVID-19 pandemic impact on the global on-board charger market has been negligible. Despite the pandemic, there was a slight increase in on-board charger sales. The COVID-19 pandemic has enhanced awareness of the environment among people to a great extent. Due to this, more and more people are planning to purchase sustainable vehicles. This will propel the global on-board charger market.

Market Segmentation:

Segmentation 1: by Propulsion Type
• Battery Electric Vehicles (BEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)

Based on the propulsion type segment, the global on-board charger market is expected to be dominated by the battery electric vehicles segment during the forecast period.

Segmentation 2: by Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

The passenger vehicles segment is expected to be the leading segment in the market as the sales of electric passenger vehicles are anticipated to increase globally.

Segmentation 3: by Charging Power
• <=6.6 kW • 6.7 – 11.0 kW • 11.1 – 22.0 kW • >22.0 kW

In 2021, <=6.6 kW segment dominated the global on-board charger market (by charging power) due to the increased sales of electric vehicles equipped with these on-board chargers.

Segmentation 4: by Design Type
• Unidirectional
• Bidirectional

In terms of design type, unidirectional was the predominant segment in 2021. In the forecast period, the bidirectional segment is expected to grow at a high rate compared to the unidirectional segment.

Segmentation 5: by Product Type
• Without Embedded DC/DC Converter
• With Embedded DC/DC Converter

Segmentation 6: by Distribution Channel
• OEMs
• Aftermarket

The OEMs distribution channel segment dominated the global on-board charger market (by distribution channel) in 2021. This is due to the low replacement rate of the on-board charger and the increased production of electric vehicles by OEMs.

Segmentation 7: by Region
• North America
• Asia-Pacific and Japan
• China
• Europe
• U.K.
• South America
• Middle East and Africa

China generated the highest revenue of $1.28 billion in 2021, which is attributed to the increased sales of electric vehicles in China. The on-board charger market is attractive in China due to the availability of diverse market segments.

Recent Developments in On-Board Charger Market

• In 2020, Innolectric AG announced the production of its three-phase 22 kW on-board chargers for electric vehicles. The new chargers, developed in partnership with STMicroelectronics, use highly efficient silicon carbide power modules, so the efficiency is above 94% and peaks at 96% in the 2-10 kW range.
• In 2020, BorgWarner Inc. announced it had completed its acquisition of Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s electronics and power electronics products.
• In 2021, MTA announced the purchase of an 80 percent stake in EDN, an Italian business that develops and produces power converters and on-board battery chargers for use in hazardous environments and electric cars
• In 2021, Eaton, a power management business, recently announced the acquisition of Green Motion SA, a top designer, and producer of hardware and software for charging electric vehicles.
• In 2022, the acquisition of Hella was completed, according to Faurecia. Faurecia and HELLA introduced FORVIA, the newly combined Group’s name, following Faurecia’s successful acquisition of a controlling stake in HELLA.

Demand – Drivers and Limitations

Following are the demand drivers for the on-board charger market:

• High Cost Associated with Fast Charging Systems
• Demonstration of Environmental Commitment and its Support of Brand Values
• Sprouting of New Government Policies and Initiatives
• Ban on ICE Vehicle Production
• Increasing Adoption of DC-DC Integrated On-Board Chargers

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

• Increasing Push from Government for Deployment of Highway/Fast Chargers
• Technological Advancement in EV Charging Infrastructure
• Maintaining the Size of On-Board Charger Despite the Escalating Demand for High Performance

How Can This Report Add Value to an Organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of electric vehicle on-board charger products available by propulsion type, vehicle type, product type, design type, and distribution channel. Increasing demand for electric vehicles worldwide is pushing the sales of on-board chargers. Therefore, the on-board charger business is a high-investment and high-revenue generating model.

Growth/Marketing Strategy: The global on-board charger market is exponentially growing, with enormous opportunities for the market players. Some strategies covered in this segment are product launches, partnerships and collaborations, business expansions, and investments. The companies’ preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the global on-board charger market.

Competitive Strategy: Key players in the global on-board charger market analyzed and profiled in the study involve on-board charger-based product manufacturers and component/subsystem suppliers. Moreover, a detailed competitive benchmarking of the players operating in the global on-board charger 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.

Some of the prominent names established in this market are:

Company Type 1: Tier-1 Manufacturers

• Meta System S.p.A.
• Robert Bosch GmbH
• BorgWarner Inc.
• HELLA GmbH & Co. KGaA
• Lear Corp.
• Ficosa Internacional SA
• BRUSA Elektronik AG
• YAZAKI Corporation
• KOSTAL Automobil Elektrik GmbH & Co. KG

Company Type 2: Tier-2 (Component Suppliers)

• Texas Instruments Incorporated
• STMicroelectronics
• Analog Devices, Inc.
• Semiconductor Components Industries, LLC
• Infineon Technologies AG
• Wolfspeed, Inc.

The post On-Board Charger Market – A Global and Regional Analysis: Focus on Product, Application, and Country-Wise Analysis – Analysis and Forecast, 2022-2032 first appeared on CRI Report.

Market Segmentation

• Product Type– Products and Services
• Sample Type – Blood-Based and Non-Blood-Based (Saliva, CSF, Urine, and others)
• Biomarker Type – Genetic Biomarker and Protein Biomarker
• Technology – Sequencing (NGS and Sanger Sequencing), Polymerase Chain Reaction (RT-PCR and dPCR), Microarray, Immunoassay, Liquid Chromatography-Mass Spectrometry (LC-MS) and Other Technologies
• Application – Alzheimer’s Disease, Parkinson’s Disease, Autism, Depression, Bipolar Disease, and Other Applications
• End User – Academic and Research Institutions, Hospitals and Diagnostic Laboratories, and Other End Users

Regional Segmentation

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

Growth Drivers

• Decreasing Cost of Sequencing
• Increasing Adoption of Inorganic Growth Strategies
• Global Increase in Mental Health Burden

Market Challenges

• Lack of Established Regulatory Policies for Precision Diagnostics in the Field of Precision Psychiatry
• Lack of Awareness for Precision Psychiatry Diagnostics

Market Opportunities

• Increased Use of Precision Diagnostics for Drug Development by Pharmaceutical and Companion Diagnostics Companies
• Massive Scope for Adoption of NGS-Based Genetic Tests in Emerging Markets

Key Companies Profiled

Illumina, Inc., F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., QIAGEN N.V., Quest Diagnostics Incorporated, ARUP Laboratories, Invitae Corporation, OPKO Health, Inc., Laboratory Corporation of America Holdings, Centogene N.V., Thermo Fisher Scientific Inc., Myriad Genetics, Inc., Konica Minolta, Inc., Fulgent Genetics, PreventionGenetics

Key Questions Answered in this Report:

• How is precision psychiatry revolutionizing the field of mental health diagnostics?
• What are the major market drivers, challenges, and opportunities in the global precision psychiatry market?
• What are the underlying structures resulting in the emerging trends within the global precision psychiatry market?
• How is the COVID-19 pandemic impacting the global precision psychiatry landscape?
• What are the key development strategies that are being implemented by the major players in order to sustain in the competitive market?
• What are the key regulatory implications in developed and developing regions pertaining to precision psychiatry?
• What are the potential entry barriers, which are expected to be faced by the companies willing to enter a particular region?
• How is each segment of the market expected to grow during the forecast period from 2021 to 2026, and what is the anticipated revenue to be generated by each of the segments? Following are the segments:
o Product Type (Products and Services)
o Sample (Blood-Based and Non-Blood-Based)
o Biomarker (Genetic Biomarkers and Protein)
o Technology (Sequencing, PCR, Microarray, Immunoassay, LC/MS, and Others)
o Application (Parkinson’s Disease, Autism, Alzheimer’s Disease, Depression, Schizophrenia, Bipolar Disorder, and Others)
o End User (Hospitals and Diagnostic Laboratories, Academic and Research Institutions, and Others)
o Region (North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World)
• What are the growth opportunities for the companies in the region of their operation?
• Who are the leading players with significant offerings in the global precision psychiatry market?
• Which companies are anticipated to be highly disruptive in the future, and why?
• What are the current unmet needs that are being faced in the global precision psychiatry market?

Market Overview

Our healthcare experts have found the precision psychiatry market to be one of the most rapidly evolving and dynamic markets, and the global market for precision psychiatry is predicted to grow at a CAGR of 17.26% over the forecast period of 2021-2026. The market is driven by certain factors, which include decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden, that are fuelling the growth of the global precision psychiatry market.

The market is favored by the developments in the field of molecular diagnostics, which are used for the diagnosis and assessment of psychiatric disorders. Currently, the precision psychiatry industry is witnessing an upsurge due to the decreasing cost of sequencing, increasing adoption of inorganic growth strategies, and global increase in mental health burden. Additionally, the high adoption of advanced molecular diagnostic technologies by the researchers to conduct genomic and proteomic analysis related to the onset and manifestation of psychiatric disorders are some of the critical factors that are expected to bolster the market growth.

Furthermore, biotechnology companies are focusing on the development of robust precision psychiatry solutions for a wide range of applications to support clinicians in conducting an in-depth molecular analysis.

Within the research report, the market is segmented on the basis of product type, biomarker, sample, technology, application, end user, and region. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

Competitive Landscape

The exponential rise in the number of cases associated with psychiatric disorders has created a buzz among the biotechnology companies to further invest in the development of molecular diagnostics for the assessment of mental disorders, further aiding clinicians to offer precision medicine. Due to the presence of a diverse product portfolio and intense market penetration, Quest Diagnostics Incorporated has been a pioneer in the precision psychiatry ecosystem.

On the basis of region, North America holds the largest share of the precision psychiatry market due to high infusion of funding from the government organizations for conducting research on psychiatric disorders, growing prevalence of mental disorders, growing awareness about precision medicine, and increasing awareness about early detection, among others. Apart from this, the Asia-Pacific region is anticipated to grow at the fastest CAGR of 20.54% during the forecast period, 2021-2026.

The post Global Precision Psychiatry Market: Focus on Product Type, Biomarker, Sample, Technology, Applications, End Users, Country Data (15 Countries), and Competitive Landscape – Analysis and Forecast, 2021-2026 first appeared on CRI Report.

First deployed by South Korean operators in 2012, VoLTE is continuing to gain momentum globally. As of Q2’2018, more than 140 mobile operators have commercially launched VoLTE services, and several roaming and interoperability agreements are already in place.

SNS Telecom & IT estimates that VoLTE service revenue will grow at a CAGR of approximately 30% between 2018 and 2021. By the end of 2021, VoLTE subscriptions will account for more than $280 Billion in annual service revenue. Although traditional voice services will constitute a major proportion of this figure, more than 16% of the revenue will be driven by voice based IoT applications, video calling and supplementary services.

The “VoLTE (Voice over LTE) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of the VoLTE ecosystem including market drivers, challenges, enabling technologies, applications, key trends, standardization, regulatory landscape, mobile operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for VoLTE-capable device shipments, subscriptions, service revenue and infrastructure investments from 2018 till 2030. The forecasts cover 14 submarkets and 6 regions.

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:
– VoLTE ecosystem
– Market drivers and barriers
– VoLTE infrastructure, devices, roaming and interconnection technology
– Case studies of over 20 commercial VoLTE deployments
– OTT mobile voice and video services
– Complimentary technologies including Wi-Fi calling, RCS and WebRTC
– Vertical market opportunities including voice based IoT applications and MCPTT (Mission Critical Push-to-Talk) voice services
– VoLTE services over MVNO networks
– Service assurance platforms for VoLTE
– Regulatory landscape, collaborative initiatives and standardization
– Industry roadmap and value chain
– Profiles and strategies of more than 100 leading ecosystem players including device OEMs, VoLTE solution providers and mobile operators
– Strategic recommendations for VoLTE solution providers and mobile operators
– Market analysis and forecasts from 2018 till 2030

Forecast Segmentation
VoLTE subscription, service revenue, device and infrastructure revenue forecasts are provided for each of the following submarkets and their subcategories:
VoLTE-Capable Devices
– Handsets
○ Smartphones & Phablets
○ Feature Phones
– Smartwatches & Wearables
– Tablets, CPEs & Other Devices
– IoT Modules

VoLTE Subscriptions & Services
– Voice Telephony
– Video & Supplementary Services
– Voice Based IoT Applications

VoLTE Infrastructure
– CSCF (Call Session Control Function) Servers
– SBCs (Session Border Controllers)
– VoLTE Application Servers
– Other IMS Elements (HSS, BGCF, MGCF & MRF)
– VoLTE-Capable Policy Control Solutions

Regional Markets
– 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 VoLTE opportunity?
– What trends, challenges and barriers are influencing its growth?
– How is the ecosystem evolving by segment and region?
– What will the market size be in 2021 and at what rate will it grow?
– Which regions and countries will see the highest percentage of growth?
– How will VoLTE-capable device shipments grow over time?
– Who are the key market players and what are their strategies?
– How can VoLTE help operators in reducing the flow of voice subscribers to OTT application providers?
– What are the prospects of Wi-Fi calling, RCS and WebRTC?
– What much will operators invest in VoLTE service assurance solutions?
– How can mobile operators and MVNOs capitalize on VoLTE to drive revenue growth?
– How can VoLTE help operators in refarming their 2G and 3G spectrum assets?
– What is the status of international roaming and VoLTE-to-VoLTE interconnection agreements?
– What strategies should VoLTE solution providers and mobile operators adopt to remain competitive?

Key Findings
The report has the following key findings:
– By 2021, SNS Telecom & IT estimates that VoLTE subscriptions will account for over $280 Billion in annual service revenue, as mobile operators remain committed to VoLTE as the long term solution to secure a fully native IP-based telephony experience.
– Besides smartphones, VoLTE technology is increasingly being integrated into other devices including feature phones, IoT modules and wearables such as smart watches.
– In certain technically advanced markets, mobile operators have already begun the process of switching off their legacy circuit switched 2G and 3G networks, as voice traffic transitions to VoLTE networks.
– Nearly all VoLTE operators are integrating their VoLTE services with Wi-Fi calling in a bid to offer voice services in areas where their licensed spectrum coverage is limited.
– The VoLTE infrastructure vendor arena is continuing to consolidate with several prominent M&A deals such as the merger of Sonus Networks and GENBAND to form Ribbon Communications, Cisco’s acquisition of BroadSoft, and Metaswitch Networks’ acquisition of OpenCloud to offer a pure-play software VoLTE solution.

The post The VoLTE (Voice over LTE) Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts first appeared on CRI Report.