Apr-23 – CRI Report

Multicancer Screening Market – A Global and Regional Analysis: Focus on Test Type, Technology, Sample, Method, Cancer Type, Application, End User, and Region Analysis – Analysis and Forecast, 2023-2032

admin — Sat, 06 May 2023 03:29:58 +0000

Global Multicancer Screening Market Industry Overview

The global multicancer screening market is projected to reach $7.78 billion by 2032 from $1.90 billion in 2022, growing at a CAGR of 15.09% during the forecast period 2023-2032. The growth in the global multicancer screening market is expected to be driven by the increased use of liquid biopsy testing and increasing prevalence of cancers.

Market Lifecycle Stage

Multicancer screening is a cancer screening test that has the potential to screen for more than one cancer type with a single test. This test can be tissue-based or liquid biopsy-based. Most of the newly developed multicancer screening tests in the market right now are liquid biopsy-based, which detects cancer biomarkers in bodily fluids such as blood, saliva, urine, etc. Biomarkers/genetic markers from RNA, DNA, or protein are analyzed from these samples. If any of these biomarkers or gene mutations are positive in the analysis, further follow-up tests need to be performed to confirm the findings.

Some multicancer screening tests can also identify the tissue of the origin of cancer, while others need imaging tests to verify the origin. There are a lot of laboratory-based multicancer screening tests available in the market right now, and a few have also received U.S. Food and Drug Administration (FDA) and conformité européenne (CE) approvals as well. Multicancer screening tests are also important because, according to the America Cancer Society, Inc., 70% of all cancer deaths are from cancers that still do not have any proven individual screening tests. This can be extremely decreased with the advent of new biomarkers through increasing funding investments in multicancer screening tests.

Impact

• For instance, in October 2020, Exact Sciences Corporation launched Oncotype MAP Pan-Cancer Tissue test for patients with metastatic, advanced, recurrent, or refractory cancer. The Oncoptype MAP test provides clinically actionable information from hundreds of cancer-related genes that allows physicians to understand the tumor profile of patients and recommend effective clinical trials or targeted therapies.
• In February 2022, GRAIL, LLC. (Illumina, Inc.) collaborated with Point32Health for a two-phased pilot trial of Galleri, which is GRAIL’s proprietary multicancer blood test. With this collaboration, Point32Health is the first health plan that would work with GRAIL to complement the recommended cancer screenings.

Impact of COVID-19

In 2019, the world was hit by a pandemic. The culprit is coronavirus disease (COVID-19), which is an illness caused by the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2) virus. SARS-CoV-2 was found to be a novel type of coronavirus that started causing severe illness and deaths around the world. The global pandemic began in early 2020, causing mild respiratory tract infections to serious lower respiratory infections. The first case of coronavirus was reported in Wuhan, China, in December 2019.

According to an electronic medical record company, there was approximately an 80%-90% decline in screenings of breast, cervical, and colorectal cancers in patients during March and April of 2020 as compared to the same months in 2019. Even though screenings did increase in June 2020, they were still down by 29%-36%. Additionally, according to the Centers for Disease Control and Prevention, HPV vaccinations dropped by 73% between February and April 2020. The full impact of these delays will be realized in the coming years.

Market Segmentation:

Multicancer Screening Market

Segmentation 1: by Test Type

• Laboratory Developed Tests (LDTs)
• In-Vitro Diagnostics (IVDs)

The global multicancer screening market (by test type) is expected to be dominated by the laboratory developed tests (LDTs) segment during the forecast period 2023-2032. The in-vitro diagnostics (IVDs) segment is expected to grow with a high CAGR and have a market share of 35.72% till 2032.

Segmentation 2: by Technology

• Next-Generation Sequencing (NGS)
• Polymerase Chain Reaction (PCR)
• Immunohistochemistry (IHC)
• Fluorescence In-Situ Hybridization (FISH)
• Other Technologies

The global multicancer screening market (by technology) is expected to be dominated by the next-generation sequencing (NGS) segment during the forecast period 2023-2032. This is because it is the most efficient and accurate technology currently available when it comes to gene analysis.

Segmentation 3: by Sample

• Tissue
• Blood
• Saliva and Buccal Swab
• Others

The global multicancer screening market (by sample) is expected to be dominated by the tissue segment during the forecast period 2023-2032. This is due to the high validation and trust on these tests as compared to the newer liquid biopsy-based tests.

Segmentation 4: by Method

• DNA
• RNA
• Proteins

The DNA segment is expected to dominate the global multicancer screening market (by method) during the forecast period 2023-2032. This growth in this segment is attributed to the fact that DNA analysis is the most convenient, even with the fast-growing liquid biopsy methods.

Segmentation 5: by Cancer Type
• Breast and Gynecologic
• Gastrointestinal
• Endocrine
• Genitourinary
• Skin
• Brain/Nervous System
• Sarcoma
• Hematological Malignancies
• Lung
• Head and Neck
• Other Cancer Types

The global multicancer screening market (by cancer type) is expected to be dominated by the breast and gynecological segment during the forecast period 2023-2032. This is because the high prevalence of these cancer types and high number of known biomarkers makes them easy to screen for.

Segmentation 6: by Application
• Clinical
• Research

As of 2021, the global multicancer screening market (by application) was dominated by the research segment, holding a 85.06% market share.

Segmentation 7: by End User
• Hospitals
• Diagnostic and Clinical Laboratories
• Academic and Research Institutions
• Other End Users

As of 2021, the global multicancer screening market (by end user) was dominated by the academic and research institutions segment, holding a 62.17% market share.

Segmentation 8: by Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Rest-of-the-World

North America is expected to dominate the global multicancer screening market with a revenue of $0.87 billion in 2021. However, the Asia-Pacific (APAC) region, constituting several emerging economies, is expected to register the highest CAGR of 17.60% during the forecast period 2023-2032.

Recent Developments in Global Multicancer Screening Market

• In March 2021, Agilent Technologies, Inc. made an agreement to acquire Resolution Bioscience Inc. to expand the company’s NGS-based cancer diagnostics and its fast-growing precision medicine segment. This agreement was made for $550 million in cash at closing and an additional $145 million when the company achieves future performance milestones.
• In December 2022, Integrated DNA Technologies, Inc. acquired Invitae Corporation.’s next-generation sequencing (NGS) research assays with the Archer trademark for $48 million.
• In January 2023, Laboratory Corporation of America Holdings. acquired Personal Genome Diagnostics for $450 million and for another $125 million as contingent milestone payments. Personal Genome Diagnostics was a next-generation sequencing test maker, and with this acquisition, Laboratory Corporation of America Holdings. has increased its NGS testing portfolio.
• In January 2023, FOUNDATION MEDICINE, INC. (F. Hoffmann-La Roche Ltd) got FDA approval for its FoundationOne Liquid CDx as a companion diagnostic for Rozlytrek. This test is relevant for ROS1+NSCLC patients and NTRK fusion-positive solid tumors patients.
• In January 2023, Burning Rock DX got an FDA Breakthrough Device Designation for its Multi-Cancer Detection Blood Test called OverC. This test is intended for the detection of lung, liver, ovarian, esophageal, and pancreatic cancer for adults aged between 50 and 75 years.

Demand – Drivers and Limitations

Following are the demand drivers for the global multicancer screening market:

• Early Detection of Cancer Leads to Higher Survival Chances and Better Treatment
• Increasing Popularity of Liquid Biopsy Leading to Easier Screening
• Reduced Treatment Cost Due to Earlier Cancer Detection

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

• Lack of Awareness about the Multicancer Screening Tests
• Too Costly to be Used as Preventive Care

How can this report add value to an organization?

Product/Innovation Strategy: The report considers multicancer screening kit/panel and assay product-based companies. The industry is seeing constant development and product launches with new and innovative upgrades. Additionally, new discoveries of specific biomarkers related to various cancer types are increasing researchers’ trust in multicancer sequencing.

Growth/Marketing Strategy: The key components in multicancer screening are the kits and the related technologies for sample analysis. The advancements in new analysis methods like liquid biopsy are influencing the growth of this market. Additionally, the discovery of biomarkers and other genes for various diseases is helping panel manufacturers curate precise kits and assays for multicancer screening of various cancer types.

Competitive Strategy: The key players in the global multicancer screening market have been analyzed and profiled in the study, consisting of most product-based companies, as well as a few emerging companies. Moreover, a detailed competitive benchmarking of the players operating in the global multicancer screening 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, analyzing company coverage, product portfolio, and market penetration.

The top segment players leading the market include in-vitro diagnostics (IVDs) and laboratory developed tests (LDTs). IVD kit providers constitute around 30.54% of the presence in the market, and LDT kit providers constitute 69.46% of the multicancer screening market.

Key Companies Profiled

• Agilent Technologies, Inc.
• Atara Biotherapeutics, Inc.
• Burning Rock DX
• Danaher Corporation
• Exact Sciences Corporation
• F. Hoffmann-La Roche Ltd
• Fulgent Genetics.
• Genecast Biotechnology Co., Ltd
• Guardant Health, Inc.
• Illumina, Inc.
• Konica Minolta, Inc.
• Laboratory Corporation of America Holdings.
• Myriad Genetics, Inc.
• Tempus
• Thermo Fisher Scientific Inc.

The post Multicancer Screening Market – A Global and Regional Analysis: Focus on Test Type, Technology, Sample, Method, Cancer Type, Application, End User, and Region Analysis – Analysis and Forecast, 2023-2032 first appeared on CRI Report.

2D Materials Market – A Global and Regional Analysis: Focus on End User, Material Type, and Region – Analysis and Forecast, 2022-2031

admin — Sat, 06 May 2023 03:29:58 +0000

Global 2D Materials Market: Industry Overview

The global 2D materials market is projected to reach $4,000.0 million by 2031 from $526.1 million in 2022, growing at a CAGR of 25.3% during the forecast period 2022-2031.

The demand for 2D materials is anticipated to grow with the increasing demand from the end-use industries such as composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others. Furthermore, it is anticipated that during the projected period of 2022-2031, the increasing adoption of 2D materials in the healthcare industry and the increasing adoption of non-graphene 2D materials such as Mxene, TMDCs, Hexagonal boron nitride, and others are expected to further fuel the advancement of the global 2D materials market. However, the high cost of production is anticipated to hinder market growth in the upcoming future.

Market Lifecycle Stage

The global 2D materials market is in the growth phase. Rising sales of fuel cell vehicles and increasing focus on decarbonization and controlling pollutants are expected to boost market growth. Furthermore, due to high demand from the end-user industries and growing demand for transparent conductive films (TCF) in the electronics industry are expected to increase the demand for the 2D materials market. Moreover, the global 2D materials market is expected to benefit from the expanding market of nanomaterials, which is expected to promote market expansion. The requirement for 2D materials is being stimulated by photovoltaics and sports equipment as well.

Industrial Impact

• Growing demand for energy storage devices and electronics is the main driving force behind the growing interest in the 2D materials market. As a result, these materials are getting prominence in a variety of industries, including composite and coatings, electronics, semiconductors, pharmaceuticals, automobiles, and energy storage devices, among others. One area where implementation has been significantly greater is composite and coatings, which have created opportunities for both existing market participants and market entrants.
• Furthermore, 2D materials have a moderate to high impact on end-user industries; however, in the upcoming future, with increased production of consumer electronics, electric vehicles, biomedical devices, and other applications, the impact is anticipated to increase.

Impact of COVID-19

The 2D materials market was affected moderately by COVID-19. The sales of fuel cell vehicles (FCVs) reduced significantly in 2020, with only 937 vehicles sold in the U.S., according to the California Fuel Cell Partnership. However, the sales rebounded spectacularly in 2021, increasing by 257% year-over-year and around 3,341 fuel cell vehicles sold. However, in the healthcare industry, the 2D materials market was among the few markets that were positively affected by COVID-19, and the market has since continued its growth. The COVID-19 outbreak has increased the use of 2D materials in the biomedical sector as they aid in infection control practices. Furthermore, 2D materials are also utilized in the production of biosensors to detect viruses and infections. Typically, synthesized 2D material-based biosensors provide simple, economical, perceptive, and easily adaptable SARS-CoV-2 detection.

Market Segmentation:

Segmentation 1: by End User

• Composite and Coatings
• Energy Storage Devices
• Electronics
• Semiconductor
• Pharmaceuticals
• Automobiles
• Others

Based on end user, the composite and coatings segment led the 2D materials market in 2021 and was the largest segment due to the rising consumer demand for consumer electronics, interactive packaging, radiofrequency sensing, and other products, which is driving an increase in interest in flexible energy storage battery technology.

Segmentation 2: by Material Type

• Graphene
• Black Phosphorous
• Transition Metal Dichalcogenides
• Mxene
• Hexagonal boron nitride
• Others

Based on material type, the graphene segment dominated the 2D materials market in 2021 and was the largest segment owing to growing demand from end-use industries such as consumer electronics, medical devices, aerospace and defense, and semiconductor, owing to its higher electrical and thermal conductivity.

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, South Korea, Australia, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World – South America, and Middle East and Africa

In the global 2D materials market, China dominates the market due to the strong presence of end-use industries such as photovoltaics, automotive, and others, along with the largest graphite deposit worldwide and growing sales of fuel cell vehicles.

Recent Developments in the Global 2D Materials Market

• In September 2021, Colloids Limited introduced a new infrastructure for customized polymeric materials using its ground-breaking graphanced graphene masterbatch advanced technologies. Due to its extraordinary qualities, graphene has attracted a lot of attention. Additionally, it has exceptional mechanical characteristics as well as superior thermal and electrical permeability.
• In December 2021, Black Swan Graphene Inc. signed a legally enforceable letter of intent to purchase Dragonfly Capital Corp., in a backward merger agreement for $31.5 million. On December 13, 2021, Black Swan Graphene Inc. and Dragonfly Capital Corp. agreed to communicate shares in an opposite merger transaction. Stockholders of Black Swan would then obtain 15.2 consideration shareholdings for every ordinary Black Swan share they own.
• In September 2022, NanoXplore purchases XG Sciences’ assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry’s entry into the rechargeable batteries material market.

Demand – Drivers and Limitations

The following are the demand drivers for the global 2D materials market:

• Growing adoption of 2D materials in energy storage
• Strong growth of 2D materials in the healthcare industry
• Growing demand for transparent conductive films in electronics industry

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

• Lack of large-scale production of high-quality graphene
• High cost of production

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader to understand the different material types involved in 2D materials. Moreover, the study provides the reader with a detailed understanding of the global 2D materials market based on the end user (composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others). 2D materials are gaining traction in end-user industries on the back of sustainability concerns and their high durability properties. They are also being used for controlling greenhouse gas (GHG) emissions.

Growth/Marketing Strategy: The global 2D materials market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global 2D materials market. For instance, in September 2022, NanoXplore purchased XG Sciences’ assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry’s entry into the rechargeable batteries material market.

Competitive Strategy: Key players in the global 2D materials market analyzed and profiled in the study involve 2D materials manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global 2D materials 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, analyzing company coverage, product portfolio, and market penetration.

The global 2D materials market has been segmented by different end users, among which composite and coatings captured around 35.1% of the market as of 2021. Other end users, including energy storage devices, accounted for around 22.7%, the electronics industry accounted for 14.9%, semiconductor accounted for 6.1%, pharmaceutical accounted for 3.1%, automobiles accounted for 8.2%, and other end-use industry accounted for 9.9% of the total demand in 2021 in terms of value.

Some of the prominent established names in this market are:

Company Type 1 (by Material Type): Graphene
• NanoXplore Inc.
• Cabot Corporation
• Thomas Swan & Co. Ltd.
• Ossila Ltd
• ACS Material LLC
• American Elements
• 2D Materials Pte Ltd.
• Blackleaf
• BASF SE
• 6Carbon Technology
• Garmor Tech
• Nitronix Nanotechnology Corporation
• PlanarTECH LLC
• AVANZARE INNOVACION TECNOLOGICA S.L.
• XlynX Materials Inc.
• Layer One
• 2D Water

Company Type 2 (by Material Type): Black Phosphorus
• Smart-elements GmbH
• Ossila Ltd.

Company Type 3 (by Material Type): Mxene
• Ossila Ltd.
• ACS Material LLC

Company Type 4 (by Material Type): TMDCs
• Ossila Ltd
• 6Carbon Technology
• PlanarTECH LLC

Company Type 5 (by Material Type): Hexagonal Boron Nitride
• Ossila Ltd
• 6Carbon Technology

Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).

The post 2D Materials Market – A Global and Regional Analysis: Focus on End User, Material Type, and Region – Analysis and Forecast, 2022-2031 first appeared on CRI Report.

Automotive LiDAR System-on-Chip (SoC) Market – A Global and Regional Analysis: Focus on Vehicle Type, Propulsion Type, Level of Autonomy, Range Type, Perception Type, and Country-Level Analysis – Analysis and Forecast, 2024-2033

admin — Sat, 06 May 2023 03:29:58 +0000

Automotive LiDAR System-on-Chip (SoC) Overview

The automotive LiDAR system-on-chip (SoC) market is expected to be valued at $29.3 million in 2024, which is anticipated to grow at a CAGR of 24.30% and reach $207.5 million by 2033.

The growth in the automotive LiDAR system-on-chip (SoC) market is expected to be driven by technological advancements in autonomous vehicles and extensive use of LiDARs in highly automated vehicles, tremendous advancement in automotive LiDAR research and development (R&D) to improve the features of the LiDAR system, and an anticipated decline in LiDAR manufacturing costs after the start of mass production.

Market Lifecycle Stage

Automotive LiDAR system-on-chip (SoC) is a crucial component in the development of autonomous vehicles as well as for the success of vehicle suppliers and manufacturers. One of the main factors influencing the growth of the automotive LiDAR system-on-chip industries for autonomous vehicles is the increased need for their safety and efficiency. The autonomous vehicle sector must also adhere to stringent restrictions as well as national and international safety mandates. Autonomous vehicle development is expected to increase over the coming years, creating lucrative opportunities for those manufacturing LiDAR system-on-chip systems for these vehicles.

The automotive LiDAR system-on-chip (SoC) market is in the growth phase. The implementation of automotive LiDAR system-on-chip is increasing in semi-autonomous and fully autonomous vehicles. As a result, the automotive LiDAR system-on-chip (SoC) market is expected to flourish in the forecast period 2024-2033.

Impact

Growing autonomous vehicle demand in developing markets, stringent regulatory requirements imposed by governments on the autonomous vehicle industry, and consistently increasing instances of vehicle recall due to safety failure are all driving this market’s expansion. Furthermore, the increasing introduction of autonomous cars, rising customer perception of product quality and safety, and incorporation of technology advances with the rising adoption of safety devices in the autonomous vehicle industry are all providing opportunities for market players to expand.

Impact of COVID-19

The overall automotive LiDAR market has been impacted by the COVID-19 pandemic as a result of the delay in technology developments and suspension of vehicle production. In addition, nation-specific regulations for automotive LiDAR technology have an impact on the market’s growth.

Due to the quick spread of the COVID-19 virus, which had a significant impact on the market, the government’s financing priorities have changed because of the global economic slump, which has hampered the development of new automotive LiDAR system-on-chip projects. The crisis has put a lot of pressure on automakers to prioritize projects that have the best chance of being profitable and to cut costs through cost-cutting and value-chain-wide efficiencies.

Market Segmentation:

Segmentation 1: by Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Robo Taxis

The automotive LiDAR system-on-chip (SoC) market based on the vehicle type segment is expected to be dominated by the passenger cars segment throughout the forecast period 2024-2033.

Segmentation 2: by Propulsion Type

• Electric Vehicles
• Internal Combustion Engine Vehicles

The automotive LiDAR system-on-chip (SoC) market based on the propulsion type is expected to be dominated by the electric vehicle segment throughout the forecast period.

Segmentation 3: by Level of Autonomy

• Semi-Autonomous
• Fully Autonomous

The automotive LiDAR system-on-chip (SoC) market based on the level of autonomy segment is expected to be dominated by the semi-autonomous segment throughout the forecast period.

Segmentation 4: by Range Type

• Short-to-Medium Range LiDAR
• Medium-to-Long Range LiDAR

Based on range type, the medium-to-long range LiDAR segment is expected to dominate the market owing to its high resolution, long-range, and broad field of view.

Segmentation 5: by Perception Type

• 2D and 3D
• 4D

Based on perception type, the 4D segment is one of the fastest-growing segments due to its high performance and reasonable price. However, the 2D and 3D segment is likely to dominate the market, offering a wide scope of development in the forecast period.

Segmentation 6: by Region

• North America
• Europe
• U.K.
• China
• Asia-Pacific and Japan
• Rest-of-the-World

North America is home to several automotive LiDAR system-on-chip manufacturers as well as automotive LiDAR manufacturers. The region is expected to dominate the automotive LiDAR system-on-chip (SoC) market during the forecast period.

Recent Developments in the Automotive LiDAR System-on-Chip (SoC) Market

• In November 2022, Aeva Inc. expanded its presence internationally with the hiring of new teams in Germany, India, and Thailand, as well as the appointment of industry veteran Clement Kong to oversee sales in the Asia-Pacific region. The new teams will assist in sales, technological development, and production to hasten the advancement of Aeva Inc.’s 4D LiDAR’s next-generation technology and strengthen customer relations in the Europe and Asia-Pacific regions.
• In May 2022, SiLC Technologies, Inc. collaborated with AutoX Inc., which is the leader in China’s robo-taxi market, to deploy SiLC’s Eyeonic Vision Sensor for its fleet of robotic taxis.
• In December 2021, indie Semiconductor, Inc. launched the Surya LiDAR system-on-a-chip (SoC) that provides advanced driver assistance systems and autonomous driving features.

Demand – Drivers and Limitations

Following are the demand drivers for the automotive LiDAR system-on-chip (SoC) market:

• Rapid Technological Advancement in LiDAR in the Automotive Industry
• Surge in Investments and Funding in LiDAR System-on-Chip Manufacturing Startups for R&D Activities
• Cost-Effectiveness of LiDAR System-on-Chip
• Growing Demand for the Miniaturization of Products

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

• Growing Complexity in Integrating All the Components on a Chip Due to Lack of Knowledge
• Constant Review of Regulatory Policies on Standardization of Chips
• Semiconductor Shortage Effect

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different applications of the automotive LiDAR system-on-chip (SoC) products available based on vehicle type (passenger cars, commercial vehicles, and robo taxis), propulsion type (electric vehicles, internal combustion engine vehicles), level of autonomy (semi-autonomous, fully autonomous), range type (short-to-medium range LiDAR and medium-to-long range LiDAR), and perception type (2D and 3D, and 4D). Increasing demand for safety and autonomy is pushing the consumption of automotive LiDAR system-on-chip (SoC). Therefore, the automotive LiDAR system-on-chip business is a high-investment and high-revenue generating model.

Growth/Marketing Strategy: The automotive LiDAR system-on-chip (SoC) market will be an exponentially growing market holding enormous opportunities for the market players. Some strategies covered in this segment are product launches, market developments, partnerships and collaborations, business expansions, and investments. The companies’ preferred strategy has been product development and partnerships and collaborations for the mass production of products, which enable them to strengthen their positions in the global automotive LiDAR system-on-chip (SoC) market.

Competitive Strategy: Key players in the global automotive LiDAR system-on-chip (SoC) market analyzed and profiled in the study involve automotive LiDAR system-on-chip (SoC) manufacturers, automotive LiDAR manufacturers, and autonomous vehicle manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the global automotive LiDAR system-on-chip (SoC) 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.

The competitive landscape of the automotive LiDAR system-on-chip (SoC) market includes different strategies undertaken by automotive LiDAR system-on-chip manufacturers to gain market presence. Some strategies adopted by them include new product launch and development activities, market development activities, partnerships, collaborations, joint ventures, and mergers and acquisitions. Among all the strategies adopted, product development activities have dominated the competitive landscape and are the most widely adopted strategies among manufacturers.

Key Companies Profiled

Type 1 Companies: Automotive LiDAR System-on-Chip (SoC) Manufacturers
• indie Semiconductor, Inc.
• Mobileye
• RoboSense
• Ouster, Inc.
• Aeva Inc.
• SiLC Technologies, Inc.
• Scantinel
• Voyant Photonics, Inc.

Type 2 Companies: Automotive LiDAR Manufacturers
• Quaenergy Systems, Inc.
• Velodyne Lidar, Inc.
• Innoviz Technologies Ltd
• Luminar Technologies, Inc.

Type 3 Companies: Autonomous Vehicle Manufacturers
• General Motors
• Volkswagen AG
• Ford Motor Company
• BMW Group

The post Automotive LiDAR System-on-Chip (SoC) Market – A Global and Regional Analysis: Focus on Vehicle Type, Propulsion Type, Level of Autonomy, Range Type, Perception Type, and Country-Level Analysis – Analysis and Forecast, 2024-2033 first appeared on CRI Report.

Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) – A Global and Regional Analysis: Focus on End User, Product Type, Material Type, and Region – Analysis and Forecast, 2022-2031

admin — Sat, 06 May 2023 03:29:58 +0000

Global Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber): Industry Overview

The global next-generation optical fiber market (multicore and hollow core fiber) is projected to reach $1,053.4 million by 2031 from $137.4 million in 2022, growing at a CAGR of 25.4% during the forecast period 2022-2031.

The demand for the next-generation optical fiber is anticipated to grow with the increasing demand from end-user industries such as telecommunications, information technology, medical devices, and aerospace and defense, among others. Furthermore, it is anticipated that during the projected period (2022-2031), the increasing adoption of next-generation optical fibers in the telecommunications industry and the growing information technology products in several emerging economies, including China, India, and others, are expected to further fuel the advancement of global next-generation optical fiber market (multicore and hollow core fiber). However, the design complexities and power attenuation in the next generation of optical fibers are leading to an increase in the cost of components and installation. Furthermore, the shortage of skilled workforce in the optics industry is acting as a challenge to the growth of the next-generation optical fiber market (multicore and hollow core fiber).

Market Lifecycle Stage

The global next-generation optical fiber market (multicore and hollow core fiber) is in the growth phase. Increased investment and research and development activities are expected to boost the market. Furthermore, due to high demand from end-user industries and the rising need for high-speed and large-capacity data transmission, the growing adoption of smart electronic devices globally is expected to increase the demand for multicore and hollow core optical fibers, thereby bolstering the global next-generation optical fiber market. Moreover, the global next-generation optical fiber market is expected to benefit from the growing implementation of advanced and efficient telecommunication technologies such as 5G, which promotes market expansion.

Industrial Impact

• Next-generation optical fiber market (multicore and hollow core fiber) offers high-speed and large-capacity data transmission with reduced attenuation, dispersion, and distortion, among others. As a result, these advanced optical fibers are getting prominence in a variety of industries, including telecommunication, medical, aerospace and defense, and information technology, among others. One area where implementation has been significantly greater is the telecommunications industry, which has created opportunities for both existing market participants and market entrants.
• Furthermore, next-generation optical fibers have a moderate to high impact on end-user industries; however, in the upcoming future, with increasing penetration of telecommunication, medical, aerospace and defense, information technology, and other industries, the impact is anticipated to increase.

Impact of COVID-19

COVID-19 had an immediate and significant impact on the global next-generation optical fiber market (multicore and hollow core fiber) because of country-wide shutdowns of manufacturing sites, labor shortages, and disruptions in supply and demand chains globally, which distorted the market. The lockdowns imposed by the governments significantly reduced raw material productivity due to a shortage of operations in many regions throughout the world. The telecommunication, medical, aerospace and defense, information technology, and other end-user sectors have been in a slowdown for the last couple of years. The global demand for next-generation optical fibers has been severely impacted by these market downturns in the end-user industries. However, the market is anticipated to recover and is expected to rise gradually over the forecast period.

Market Segmentation:

Segmentation 1: by End User

• Telecommunication
• Medical
• Aerospace and Defense
• Information Technology
• Others

In 2021, the telecommunications industry led the global next-generation optical fiber market (multicore and hollow core fiber) in terms of value.

Segmentation 2: by Material Type

• Glass
• Plastic

In 2021, the global next-generation optical fiber market (multicore and hollow core fiber) is estimated to be led by the glass segment in terms of value.

Segmentation 3: by Product Type

• Multicore Fiber
• Hollow Core Fiber

The global next-generation optical fiber market (multicore and hollow core fiber) is estimated to be led by multicore fiber in terms of product type in terms of volume.

Segmentation 4: 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, South Korea, and Rest-of-Asia-Pacific and Japan
• Rest-of-the World

In the next-generation optical fiber market (multicore and hollow core fiber), North America is anticipated to gain traction in terms of next-generation optical fiber production, owing to the continuous growth in the adoption of advanced telecommunications technologies such as 5G and the presence of key manufacturers in the regions.

Recent Developments in the Global Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)

• In October 2022, Sterlite Technologies Limited claimed to introduce India’s first multicore optical fiber. This ground-breaking invention is expected to alter India’s optoelectronic interconnection environment. This was designed and created in-house by top integrative research and development professionals at STL’s Maharashtra Center of Excellence. To increase network bandwidth by 4X per fiber while maintaining the very same radius, STL’s Multiverse uses space division parallelism.
• In September 2022, Lumenisity, a wholly owned subsidiary of Microsoft Corporation, announced the development of its CoreSmart solution for euNetworks Fiber UK Limited, a developer and supplier of telecommunication services, aiming to deploy hollow core fiber cable for 14 kilometers (km).
• In October 2021, OCC Corporation, a wholly-owned subsidiary of NEC Corporation, partnered with Sumitomo Electric Industries, Ltd. for the development of multicore optical fiber cable. Furthermore, the company announced the completion of the first trial of uncoupled four-core submarine fiber cable and verified its transmission performance to meet the exacting demands of global telecommunications networks.

Demand – Drivers and Limitations

The following are the demand drivers for the global next-generation optical fiber market (multicore and hollow core fiber):

• Growing Demand for Cloud Computing and Data Centers
• Growing Demand in Biomedical Applications
• Growing Demand for Microelectronics

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

• High Installation Cost
• Lack of Skilled Workforce

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader to understand the different next-generation optical fibers, multicore fiber, and hollow core fiber, and the various material types, glass, and plastic involved in the production of next-generation optical fibers. Moreover, the study provides the reader with a detailed understanding of the global next-generation optical fiber market (multicore and hollow core fiber) based on the end user (telecommunication, medical, aerospace and defense, and information technology, among others). Next-generation optical fibers are gaining traction in end-user industries on the back of high-speed and large-capacity data transmission requirements and are also being used in developing high-efficiency sensors and laser products.

Growth/Marketing Strategy: The global next-generation optical fiber market (multicore and hollow core fiber) has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global next-generation optical fiber market (multicore and hollow core fiber). For instance, in March 2020, OFS Fitel, LLC announced the successful development of its hollow core technology-based optical fiber cables for low latency transmission, which has the ability to provide faster transmission with high capacity as hollow-core fiber arrives 1.54 microseconds faster for each kilometer traveled compared to conventional solid-core fiber.

Competitive Strategy: Key players in the global next-generation optical fiber market (multicore and hollow core fiber) analyzed and profiled in the study involve next-generation optical fiber manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global next-generation optical fiber market (multicore and hollow core fiber) 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, analyzing company coverage, product portfolio, and market penetration.

The global next-generation optical fiber market (multicore and hollow core fiber) has been segmented by material type, among which glass accounted for around 84.5% and plastic holds around 15.5% of the total demand in 2021 in terms of value.

Some of the prominent established names in this market are:

Company Type 1 (by Product Type): Hollow Core Optical Fiber
• Newport Corporation
• OFS Fitel, LLC
• IRFlex Corporation
• IXBlue
• Thorlabs, Inc.
• NKT Photonics A/S
• IDIL Fibres Optiques
• Sintec Optronics Pte Ltd
• Guiding Photonics
• RISE AB
• Asahi Kasei Corporation
• Lumenisity
• Few-cycle

Company Type 2 (by Product Type): Multicore Optical Fiber
• NEC Corporation
• OFS Fitel, LLC
• IXBlue
• Sterlite Technologies Limited
• Sumitomo Electric Industries, Ltd.
• Corning Incorporated
• IPT Fiber
• Humanetics
• Zhongshan Meisu Technology Co.,Ltd.

Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).

The post Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) – A Global and Regional Analysis: Focus on End User, Product Type, Material Type, and Region – Analysis and Forecast, 2022-2031 first appeared on CRI Report.

Future of Autonomous Systems – Focus On Autonomous Navigation Software Market – A Global and Regional Analysis: Focus on Application, Sector, Platform, Software Technology, and Country – Analysis and Forecast, 2023-2033

admin — Sat, 06 May 2023 03:29:58 +0000

Future of Autonomous Systems: Emerging Technologies and Opportunities Market Overview

The future of autonomous systems: emerging technologies and opportunities market was valued at $3.15 billion in 2022, and it is expected to be $5.68 billion by 2033.

The future of autonomous systems: emerging technologies and opportunities market is expected to be driven by the continuous advancements and adoption of digital technologies, government initiatives for the adoption of autonomous technologies, and the increasing demand for automation and efficiency in various industries, such as manufacturing, transportation, healthcare, and agriculture.

Additionally, the growing need for reducing human error and increasing safety in critical operations is also expected to drive the adoption of autonomous systems.

Market Lifecycle Stage

The future of autonomous systems: emerging technologies and opportunities market has gained significant importance over the years 2019-2022. Over the past few years, industry participants have been focusing on technologies such as thermal stereo sensing in autonomous vehicles, rapid developments in humanoid robot technology, and the use of 360-degree stabilized vision and depth collision in autonomous systems. Furthermore, artificial intelligence (AI), machine learning (ML), robotics, sensor fusion, and IoT technologies play a crucial role in enhancing the capabilities of autonomous systems.

Impact

The future of autonomous systems: emerging technologies and opportunities market is expected to grow significantly in the coming years, driven by various factors such as increasing focus on sustainability and environmental responsibility.

However, there are several challenges to the adoption of autonomous systems. Regulatory and ethical concerns, cybersecurity risks, and the high cost of implementation are some of the challenges that industry participants and policymakers must address to promote the widespread adoption of these technologies.

On the other hand, the desire for increased efficiency, scalability, continuous advancements and adoption of digital technologies, and cost savings are the major drivers for the growth of the future of autonomous systems: emerging technologies and opportunities market.

Furthermore, as the adoption of autonomous systems continues to grow, it is likely that new business models will emerge, such as autonomous trucks, buses, shuttles, and drone delivery networks. The advancement in autonomous platforms has the potential to disrupt traditional industries and create new opportunities for prominent as well as emerging stakeholders operating in the ecosystem.

Market Segmentation

Segmentation 1: by Application

• Logistics and Warehouse Management
• Automated Manufacturing
• Surveillance and Inspection
• Agriculture
• Mobility
• Others

Segmentation 2: by Sector

• Commercial
• Military
• Civil Government

Segmentation 3: by Platform

• Autonomous Vehicle (Trucks/Buses/Vans)
• Unmanned Aerial Vehicle (UAV)
• Unmanned Underwater Vehicle (UUV)
• Unmanned Surface Vehicle (USV)
• Autonomous Mobile Robot
• Collaborative Robot (Cobot)
• Humanoid

Segmentation 4: by Software Technology

• Visual SLAM
• LiDAR SLAM
• Neuromorphic Chip
• Natural Intelligence

Based on application, the future of autonomous systems: emerging technologies and opportunities market is expected to be dominated by the mobility segment. In addition, based on sector, the future of autonomous systems: emerging technologies and opportunities market is expected to be dominated by the commercial segment during the forecast period.

Moreover, based on software technology, the future of autonomous systems: emerging technologies and opportunities market is expected to be dominated by the visual SLAM segment. Furthermore, based on the platforms, the market is expected to be dominated by autonomous vehicles (trucks/buses/vans).

Segmentation 5: by Region

• North America – U.S. and Canada
• Europe – France, Germany, Russia, U.K., and Rest-of-Europe
• Asia-Pacific – China, Japan, India, Australia, and Rest-of-Asia-Pacific
• Rest-of-the-World – Middle East and Africa and South America

Recent Developments in the Future of Autonomous Systems: Emerging Technologies and Opportunities Market

• In November 2022, Goggo Network, which is an autonomous mobility company, signed a memorandum of understanding (MoU) with Mobileye to increase the adoption of autonomous mobility and logistics in Spain and Europe. Goggo Network aims to introduce level 4 autonomy in Spain with this collaboration.

• In November 2022, UAV Navigation collaborated with Qascom for an OSNMAplus project. This project focuses on the development of technologies by making use of services provided by the European (GNSS) Global Navigation Satellite System.

• In November 2022, Velodyne Lidar, Inc. signed a multi-year agreement with GreenValley International to provide its lidar sensors for 3D surveying and mapping.

• In September 2022, Lyft collaborated with Argo AI, LLC, and started offering a public rob taxi service in Austin, Texas. This is the second city after Miami to operate commercial robotaxi service.

• In July 2022, Velodyne Lidar, Inc. signed a multi-year contract with Boston Dynamics, a developer of mobile robotics, to provide perception and navigation capabilities for Boston’s highly mobile robots. Velodyne’s Lidar sensor solutions allow mobile robots to work autonomously and safely without the need for human intervention. They provide 3D perception data in real-time for localization, mapping, object categorization, and object tracking.

• In June 2022, Sensible 4 and Bodo Municipality collaborated for the world’s first long-term autonomous driving service in the city of Bodo, Norway.

• In May 2022, Sensible 4 and Moove GmbH collaborated to launch the vehicle at a startup event in Helsinki. The companies aim to launch shuttle buses in the European market.

• In April 2022, Argo AI, LLC partnered with 412 Food Rescue to autonomously deliver food to people facing food insecurity in the region.

• In April 2022, Tesla partnered with Woven Planet, owned by Toyota, to develop advanced self-driving technology by using low-cost cameras.

• In March 2022, Oceaneering International partnered with BlueBotics for its new product line. This is expected to strengthen its position in the autonomous systems market.

Demand – Drivers and Limitations

Following are the drivers for the future of autonomous systems: emerging technologies and opportunities market:

• Continuous Advancements and Adoption of Digital Technologies
• Government Initiatives for Adoption of Autonomous Technologies
• Increased Need to Reduce Human Errors

Following are the challenges for the future of autonomous systems: emerging technologies and opportunities market:

• High Costs and Complexity Involved in the Development of Autonomous Solutions
• Lack of Advanced Communication Infrastructure
• Requirement of Fixed Infrastructure to Operate Autonomous Systems

Following are the opportunities for the future of autonomous systems: emerging technologies and opportunities market:

• Increasing Adoption of Autonomous Systems across Industries
• Rising Investments in Autonomous Technology

How can this report add value to an organization?

Platform/Innovation Strategy: The product segment helps the reader to understand the different types of products and software technologies. Moreover, the study provides the reader with a detailed understanding of the different autonomous navigation software technologies such as LiDAR SLAM, visual SLAM, neuromorphic chips, and natural intelligence.

Growth/Marketing Strategy: The future of autonomous systems: emerging technologies and opportunities market has seen major development activities by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The most favored strategy for the companies has been contracts to strengthen their position in the future of autonomous systems: emerging technologies and opportunities market. For instance, in November 2022, Goggo Network, which is an autonomous mobility company, signed a memorandum of understanding (MoU) with Mobileye to increase the adoption of autonomous mobility and logistics in Spain and Europe. Goggo Network aims to introduce level 4 autonomy in Spain with this collaboration. Furthermore, in November 2022, UAV Navigation collaborated with Qascom for an OSNMAplus project. This project focuses on the development of technologies by making use of services provided by the European (GNSS) Global Navigation Satellite System.

Competitive Strategy: Key players in the future of autonomous systems: emerging technologies and opportunities market analyzed and profiled in the study involve autonomous systems manufacturers that offer platforms such as autonomous mobile robots (AMRs), humanoids, unmanned aerial vehicles (UAVs), unmanned surface vehicles (USVs), collaborative robots (Cobots), and unmanned underwater vehicles (UUVs). Moreover, a detailed market share analysis of the players operating in the future of autonomous systems: emerging technologies and opportunities market offers advanced technologies such as thermal stereo sensing in autonomous vehicles, artificial intelligence, and computer vision technologies. These technologies are enabling the development of more sophisticated autonomous systems that can perform increasingly complex tasks with greater speed and accuracy. Additionally, comprehensive competitive strategies such as contracts, 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 analysis of the company’s coverage, product portfolio, and market penetration.

In 2021, the top segment players leading the market included established players, constituting 71.3% of the presence in the market. Emerging market participants include startup entities that account for approximately 28.7% of the presence in the market.

Key Companies Profiled

• Argo AI, LLC
• BlueBotics
• Brain Corporation
• Cruise LLC
• Inertial Sense
• Incubed IT GmbH
• Mobileye
• Opteran Technologies
• Robo Tech Vision
• Tesla
• Sensible 4
• UAV Navigation
• UAVOS Inc.
• vHive
• Velodyne Lidar, Inc.

The post Future of Autonomous Systems – Focus On Autonomous Navigation Software Market – A Global and Regional Analysis: Focus on Application, Sector, Platform, Software Technology, and Country – Analysis and Forecast, 2023-2033 first appeared on CRI Report.

Global Cell-Based Assay Market – A Global and Regional Analysis: Focus on Product, Services, Application, End User, Technology, Regional Analysis, and Competitive Landscape – Analysis and Forecast, 2023-2032

admin — Sat, 06 May 2023 03:29:58 +0000

Global Cell-Based Assay Market Industry Overview

The global cell-based assay market is expected to reach $38.23 billion in 2032 from $17.20 billion in 2022, at a CAGR of 8.44% during the forecast period 2023-2032.

Market Lifecycle Stage

The global cell-based assay market is anticipated to witness growth during the forecast year 2023-2032, largely fuelled by the promise of a novel breakthrough in the cell-based assay market, which is no longer restricted to drug discovery. The foremost advantage of utilizing cell-based assays is apparent: unlike basic biochemical assays, they provide a more comprehensive representation of biological systems as they encompass not just an isolated receptor or enzyme but all the organelles of a cell functioning as a single entity.

Impact

The impact analysis for the factors that significantly affect the market, namely, drivers, restraints, and opportunities, has been evaluated on a short-term and long-term basis. The short-term assessment considers the period between 2022 and 2026, and the long-term assessment considers the period between 2027 and 2032.

Key developments and strategies that have been undertaken by some of the key players in this market have been accounted for evaluation of the impact analysis. Further, these key developments have been assessed to understand the future scope of integrating advancing technologies to enable superior outcomes.

Impact of COVID-19

The cell-based assay market has also been impacted by the pandemic. As per World Health Organization (WHO), COVID-19 has affected millions of people, resulting in a considerable number of deaths. In response, companies have intensified their research and development efforts to create vaccines and treatments for the SARS-CoV-2 virus. This research is considered critical and has remained unaffected, with operations and output continuing as before. As a result of the increase in research activities, the availability of research funding and demand for cell-based test products are expected to expand.

Companies in the industry are adapting their long-and short-term growth strategies to capitalize on opportunities in the research market by introducing innovative products to combat the pandemic. The need for COVID-19 research has created a broad scope for cell-based tests in viral infection research, vaccine development, and drug discovery.

Various COVID-19 vaccines and antiviral medications have been authorized or are under development, and patients are being treated symptomatically. The functional efficiency of the antibodies produced to neutralize the virus is assessed using cell-based assays for both vaccines and treatments. In order to reduce time and increase throughput, cell-based assays are utilized. As a result, the demand for cell-based assays to provide early indications of symptoms in patients has increased. Consequently, the overall

Impact of COVID-19

on the cell-based assay market is predicted to be positive.

Market Segmentation:

Global Cell-Based Assay Market

Segmentation 1: by Product

• Consumables
• Instruments and Software
• Services

Based on product type, the global cell-based assay market is segmented into consumables, instruments and software, and services.

Segmentation 2: by Region
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World

In 2022, the North America region dominated the global cell-based assay market, and it is expected to hold its dominance throughout the forecast period 2023-2032.

Segmentation 3: by Application

• Drug Screening
• Basic Research
• Predictive Toxicology
• Other Applications (Other Industries, Cell and Gene therapy, among others)

As of 2022, the cell-based assay market (by application) was dominated by drug screening applications, holding a 41.27% market share.

Segmentation 4: by Technology

• Flow Cytometry
• Automated Handling
• High Throughput Screening
• High Content Screening
• Other Technologies (Label-Free Detection, Image Cytometry, among others)

As of 2022, the global cell-based assay market (by technology) was dominated by flow cytometry, holding a 34.11% market share.

Segmentation 5: by End User

• Pharmaceutical and Biopharmaceutical Companies
• Contract Research Organizations (CROs)
• Academic and Research Institutes
• Other End Users (Government Organizations)

As of 2022, the global cell-based assay market (by end user) was dominated by the pharmaceutical and biopharmaceutical companies’ segment, holding a 51.36% market share.

Segmentation 6: by Company

• Becton, Dickinson and Company
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Corning Incorporated
• Lonza Group AG
• Agilent Technologies, Inc.
• Promega Corporation
• PerkinElmer, Inc.
• Eurofins DiscoverX Products
• Cell Signaling Technology, Inc.
• Charles River Laboratories International, Inc.
• Laboratory Corporation of America Holdings

Based on company, the global cell-based assay market is dominated by Thermo Fisher Scientific Inc., Danaher Corporation, Becton, Dickinson and Company, among others.

Recent Developments in the Global Cell-Based Assay Market

• In April 2022, Lonza Group AG announced an enhancement to its automated cell therapy manufacturing system called the Cocoon Platform. The latest addition, known as magnetic selection, broadens the platform’s capabilities by enabling cell binding, separation, and bead removal (if needed), all conducted through the Cocoon cassette.

• In April 2020, Bio-Rad Laboratories, Inc. completed the acquisition of Celsee, Inc., a company that provides instruments and consumables that enable the isolation, detection, and analysis of individual cells.

• In July 2021, PerkinElmer, Inc. announced that it had reached a definitive agreement to acquire BioLegend, a manufacturer of high-quality antibodies and reagents used in biomedical research, for $5.25 billion.

• In April 2021, Lonza Group AG and Junshi Biosciences announced an expansion of their collaboration aimed at developing and manufacturing biologics. Lonza Group AG would utilize its worldwide network and local operational expertise to help Junshi Biosciences speed up the development of drugs in its pipeline and increase their adoption in the global market. According to the agreement, Lonza Group AG would provide comprehensive assistance, including cell line creation and development, the supply of cell culture media and reagents, process development, and GMP manufacturing.

• In July 2021, Lonza Group AG and CN Bio established a distribution agreement that involves Lonza Group AG providing hepatic cells to CN Bio for prequalification, which would be utilized in their PhysioMimix single-and multi-organ MPS technology. This collaboration aims to revolutionize the generation of preclinical data that is relevant to humans. By using prequalified cells, customers can avoid the need to experiment with multiple cell types, thereby saving time and ensuring the discovery of cells that will grow and function effectively in 3D culture.

Demand – Drivers and Limitations

The following are the demand drivers for the global cell-based assay market:

• Increase in Demand for Cell-Based Assay in Drug Discovery and Development
• Rise in Life Sciences Research Investments
• Technological Advancements

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

• High Cost
• Lack of Standardization

How can this report add value to an organization?

Workflow/Innovation Strategy: The global cell-based assay market is segmented (by product) into three categories, i.e., consumables, instruments and software, and services. The consumables segment is further classified as reagents, assay kits, microplates, cell lines, probes and labels, and other consumables.

Reagents accounted for 29.43% of the share in the global cell-based assay market from 2022 to 2032.

Growth/Marketing Strategy: The global cell-based assay market is anticipated to witness growth during the forecast year 2023-2032. The advent of CRISPR/Cas9 technology has completely transformed gene studies and their functions by offering highly precise and user-friendly genome editing capabilities. CRISPR significantly streamlines the development of more intricate disease-related cell-based assays, enabling researchers to tackle complex questions and study heterogeneous diseases with more relevant and sophisticated assays.

Competitive Strategy: Key players in the global cell-based assay market have been analyzed and profiled in the study, including manufacturers involved in new product development, acquisitions, expansions, and strategic collaborations. Moreover, a detailed competitive benchmarking of the players operating in the global cell-based assay 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.

The post Global Cell-Based Assay Market – A Global and Regional Analysis: Focus on Product, Services, Application, End User, Technology, Regional Analysis, and Competitive Landscape – Analysis and Forecast, 2023-2032 first appeared on CRI Report.

Herbal Tea Market Forecast to 2030

admin — Thu, 04 May 2023 01:04:44 +0000

Herbal Tea Market Analysis

Market Overview

The growing consumer preference for safe, chemical-free, and healthy consumables is one of the most important factors impacting market growth. Additionally, tea growing relies on ecological cycles, biodiversity, and methods that are adapted to local conditions, which maintains the soil’s fertility and richness and promotes plant biodiversity. This results in market expansion along with greater efforts made by governments all over the world to encourage the use of sustainable agriculture practices through various incentives and subsidies.

However, it is projected that the growing acceptance of herbal tea would have a favorable effect on market expansion. Manufacturers invest in R&D to raise the caliber and flavor of their goods in an effort to draw in more customers. For instance, in response to consumer demand for low-sugar beverages, Honey Flavored Herbal Tea and Green Hills created Rum. The beverage, which is devoid of alcohol and rich in cinnamon, licorice, star anise and apple that give it an alcoholic flavor, is what, is causing the herbal tea market’s income to increase.

Segment Overview

Based on type, purpose, shape, distribution channel, and location, the herbal tea market is segmented into five categories.

Based on type, the herbal tea market is segmented into cinnamon, chamomile, dandelion, ginger, turmeric, mixes, and others.

According to function, the herbal tea market is divided into categories such as multipurpose, gut & digestive health, and cognitive health. The market data for herbal tea has been divided into tea bags and loose leaves based on shape. The herbal tea market has been divided into store-based and non-store-based segments depending on distribution channels.

Regional Analysis

The analysis offers market information for North America, Europe, Asia-Pacific, and other regions of the world, organized by region. This is related to the rising demand for green tea and herbal tea to enhance beauty and health, which is what, is majorly driving market expansion in the region. Compared to other types of tea, this one is thought to be healthier. In addition, the India herbal tea market had the quickest rate of growth in the Asia-Pacific region, while China’s herbal tea market had the greatest market share.

The United States, Germany, France, Italy, Spain, China, Japan, India, the United Kingdom, Australia, South Korea, Canada, and Brazil are other significant nations covered in the market analysis.

Because of the rising demand from customers for specialty teas, the herbal tea market in Europe holds the second-largest market share. In the retail sector in Europe, herbal tea that has been grown organically is increasingly popular. This is because there are more obesity and overweight problems in the area, which is driving up demand for and consumption of herbal tea because it helps people lose weight.

Additionally, the US herbal tea market had the biggest market share, while the herbal tea market in Canada was expanding at the quickest rate in the North American continent.

Major Player

Some of the top businesses in the world include Republic of Tea (US), ONO TEAS Pvt. Ltd, (India), Numi, Inc. P.B.C (US), Apeejay Surrendra Group, Tata Consumer Product Limited (India), Celestial Seasonings, (US), Mighty Leaf Tea (Canada), Bombay Burmah Trading Corporation Limited (India), Unilever (UK) and Dilmah Ceylon Tea Company PLC (Sri Lanka).

TABLE OF CONTENT

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVE ANALYSIS 17

1.1.1 GLOBAL HERBAL TEA MARKET, BY TYPE 18

1.1.2 GLOBAL HERBAL TEA MARKET, BY FUNCTION 19

1.1.3 GLOBAL HERBAL TEA MARKET, BY FORM 20

1.1.4 GLOBAL HERBAL TEA MARKET, BY DISTRIBUTION CHANNEL 21

2 MARKET INTRODUCTION

2.1 DEFINITION 22

2.2 SCOPE OF THE STUDY 22

2.3 MARKET STRUCTURE 23

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS 28

4 MARKET DYNAMICS

4.1 INTRODUCTION 29

4.2 DRIVERS 30

4.2.1 HIGH DEMAND FOR FUNCTIONAL BEVERAGES 30

4.2.2 LAUNCH OF INNOVATIVE FLAVORS 30

4.2.3 DRIVERS IMPACT ANALYSIS 31

4.3 RESTRAINT 31

4.3.1 HIGH COSTS 31

4.3.2 RESTRAINTS IMPACT ANALYSIS 32

4.4 OPPORTUNITY 33

4.4.1 RISING DEMAND FOR ORGANIC PRODUCTS 33

4.5 CHALLENGE 33

4.5.1 LIMITED PRODUCT AWARENESS IN DEVELOPING AND UNDERDEVELOPED ECONOMIES 33

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS 34

5.1.1 RAW MATERIAL PROCUREMENT 35

5.1.2 PROCESSING 35

5.1.3 PACKAGING 35

5.2 SUPPLY CHAIN ANALYSIS 36

5.3 PORTER’S FIVE FORCES MODEL 37

5.3.1 THREAT OF NEW ENTRANTS 38

5.3.2 BARGAINING POWER OF SUPPLIERS 38

5.3.3 BARGAINING POWER OF BUYERS 38

5.3.4 THREAT OF SUBSTITUTES 38

5.3.5 INTENSITY OF RIVALRY 38

5.4 LIST OF SUPPLIERS 39

6 HERBAL TEA MARKET, BY TYPE

6.1 OVERVIEW 40

6.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY TYPE, 2022-2030 41

6.2 CINNAMON 41

6.2.1 CINNAMON: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 41

6.3 DANDELION 42

6.3.1 DANDELION: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 42

6.4 CHAMOMILE 42

6.4.1 CHAMOMILE: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 42

6.5 GINGER 43

6.5.1 GINGER: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 43

6.6 TURMERIC 44

6.6.1 TURMERIC: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 44

6.7 BLENDS 44

6.7.1 BLENDS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 44

6.8 OTHERS 45

6.8.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 45

7 HERBAL TEA MARKET, BY FUNCTION

7.1 OVERVIEW 46

7.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY FUNCTION, 2022-2030 47

7.2 COGNITIVE HEALTH 47

7.2.1 COGNITIVE HEALTH: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 47

7.3 GUT & DIGESTIVE HEALTH 48

7.3.1 GUT & DIGESTIVE HEALTH: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 48

7.4 MULTIFUNCTIONAL 48

7.4.1 MULTIFUNCTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 48

7.5 OTHERS 49

7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 49

8 HERBAL TEA MARKET, BY FORM

8.1 OVERVIEW 50

8.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY FORM, 2022-2030 51

8.2 TEA BAGS 51

8.2.1 TEA BAGS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 51

8.3 LOOSE LEAF 52

8.3.1 LOOSE LEAF: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 52

9 HERBAL TEA MARKET, BY DISTRIBUTION CHANNEL

9.1 OVERVIEW 53

9.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 54

9.2 STORE-BASED 54

9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 54

9.3 NON-STORE-BASED 55

9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 55

10 GLOBAL HERBAL TEA MARKET, BY REGION

10.1 OVERVIEW 56

10.2 NORTH AMERICA 58

HERBAL TEA MARKET, BY TYPE

HERBAL TEA MARKET, BY FUNCTION

HERBAL TEA MARKET, BY FORM