Category: Uncategorised

Petrochemicals Industry Overview

The global petrochemicals market size is expected to reach USD 1,002.45 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2022 to 2030. The demand for petrochemicals is attributed to an increase in demand from the end-use industries such as construction, textile, medical, pharmaceuticals, consumer goods, automotive, and electronics.

Products such as ethylene, propylene, and benzene are widely used in various industries such as packaging, electronics, plastics, and rubber. The ethylene product segment dominated the market in 2021 and is expected to maintain its lead in the forecast period owing to its wide application scope across several industries. Asia Pacific is anticipated to dominate the market in the forecast period owing to the favorable regulatory policies in the region.

Petrochemicals Market Segmentation

Grand View Research has segmented the global petrochemicals market on the basis of product and region:

Based on the Product Insights, the market is segmented into Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene, and Methanol.

• The methanol segment is predicted to register the highest revenue-based CAGR of 7.8% over the forecast period. Methanol is used as a feedstock for producing acetic acid and formaldehyde, which are used in foams, adhesives, foams, solvents, plywood subfloors, and windshield washer fluids.
• Ethylene dominated the market with a revenue share of over 40.0% in 2021. This is attributed to an increase in demand for ethylene from various industries such as construction, packaging, and transportation.
• Butadiene was the second-largest product segment in 2021, in terms of revenue. It is majorly utilized as a chemical intermediate and a monomer during the production of polymers such as styrene-butadiene rubber (SBR), Polybutadiene Rubber (PBR), Polychloroprene (PBR), and Nitrile Rubber (NR).

Petrochemicals Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The rising demand for petrochemicals in various applications such as automobiles, packaging, household goods, and medical equipment is a key factor encouraging the manufacturers operating in this segment to increase their production capacity across the globe. Companies engaged in manufacturing petrochemical products continuously undergo mergers and acquisitions and joint ventures with governments and other key players that are already in the field of oil and gas. Through these operational integrations, companies seek to expand their reach to potential customers at optimum distribution cost.

Some prominent players in the global petrochemicals market include:

• BASF SE
• Chevron Corporation
• China National Petroleum Corporation (CNPC)
• China Petrochemical Corporation
• ExxonMobil Corporation
• INEOS Group Ltd.
• LyondellBasell Industries Holdings B.V.
• Royal Dutch Shell PLC

Order a free sample PDF of the Petrochemicals Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Pet Wearable Industry Overview

The global pet wearable market size is expected to reach USD 6.88 billion by 2030, registering a CAGR of 14.3% over the forecast period, according to a study conducted by Grand View Research, Inc. With the proliferation of mobile technology and electronic manufacturers experimenting with wearable technology, the market has witnessed tremendous growth. This is only the beginning of the wearable revolution, and the market is anticipated to witness healthy growth over the coming years.

The market is expected to witness optimistic days in the future, owing to the spending by pet owners driven by emotional motives such as increasing emotional attachment as well as dependence on the pets for entertainment, companionship, and mental well-being.

Awareness among pet owners concerning their well-being is creating avenues for market growth. Further, an increase in the number of pet owners and the need to track their activity in real-time will also favor growth going forward. Pet owners in recent times have increased their expenditure on advanced tech-based devices to gather pet data on a regular basis. This vital information helps them keep a track of pet activities as well as health.

Pet Wearable Market Segmentation

Grand View Research has segmented the global pet wearable market based on technology, application, and region:

Based on the Technology Insights, the market is segmented into RFID, GPS, and Sensors.

• The segment for RFID based pet wearable devices recorded the highest revenue share in 2021, surpassing 30% in the same year. Reliability and accuracy are the two key features contributing towards the segment growth. The RFID trackers help monitor parameters concerning health such as variability in heart rate, calorie intake, body temperature, and pulse.
• GPS enabled devices segment is projected to grow at a CAGR exceeding 10% from 2022 to 2030, contributing to a high revenue share over the forecast period. Growing demand to monitor pet activities while ensuring security is creating avenues for GPS-based pet wearable devices.

Based on the Application Insights, the market is segmented into Identification & Tracking, Behavior Monitoring & Control, Facilitation, Safety & Security, and Medical Diagnosis & Treatment.

• The demand for identification & tracking pet wearable devices surpassed USD 1.0 billion in 2021. Access to location history and weight & dimensions are key features is driving the segment growth. These devices offer pet owners a secure and easy way to monitor pet activity contributing to the segment’s popularity.
• Apart from activity monitoring, the demand for Pet wearables for medical diagnosis & treatment is projected to witness growth at a CAGR exceeding 15% from 2022 to 2030. The expenditure on pet health diagnostics is creating opportunities for segment growth.

Pet Wearable Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The pet wearable market is in its developing stage and is observing intense competition among existing players and new entrants. Companies are also focusing on strategic expansions, collaborations, and acquisitions to strengthen their position in the global market. Market players are focused on improving their presence by pursuing various strategic initiatives, such as new product development; strategic collaborations, joint ventures, and partnerships; and mergers & acquisitions. Key players in the market are highly focused on R&D activities to develop innovative products to expand their product offerings.  

Further, these players are also focused on developing innovative products that can gather health metrics of pets, such as distance walked and calories burned, which can be advantageous to veterinarians. For instance, in January 2020, Whistle Labs, Inc. announced the launch of Whistle FIT, a preventive healthcare tool. Whistle FIT enables the customer to monitor the pet’s food intake, activity, and key health behaviors to manage pet care.

Some prominent players in the global pet wearable market include:

• Avid Identification Systems, Inc.
• Allflex USA Inc.
• Datamars
• FitBark
• Garmin Ltd.
• Invisible Fence
• Link AKC
• Loc8tor Ltd.
• PetPace LLC
• Whistle Labs, Inc.

Order a free sample PDF of the Pet Wearable Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Architectural Services Industry Overview

The global architectural services market size is anticipated to reach USD 648.12 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.4% from 2022 to 2030. The rapid urbanization in countries such as Brazil, India, and South Korea is resulting in an increasing demand for smart homes, which is a major factor driving the growth of the market. Moreover, the rising commercial and industrial building restoration activities across the globe are expected to support the increasing demand for planning, designing, and consulting services for efficient work operation. This, in turn, is expected to contribute to market growth.

Sectors such as industrial, healthcare, and hospitality widely adopt architectural services. Architecture firms assist end-users at every stage of the process, offering them blueprints of the building structure to provide a detailed spatial representation. The growing focus of architectural firms on constructing smart buildings with better space utilization is favoring the market growth. In addition, the demand for urban planning services is increasing owing to numerous smart cities initiatives undertaken by governments across the globe.

Architectural Services Market Segmentation

Grand View Research has segmented the global architectural services market report based on service type, end use, and region:

Based on the Service Type Insights, the market is segmented into Architectural Advisory Services, Construction and Project Management Services, Engineering Services, Interior Design Services, Urban Planning Services, Building Code Counseling and Interpretation Consulting Services, Legal Technical Requirement Compliance Counseling Services, and Others.

• The construction and project management segment accounted for a revenue share exceeding 34.0% in 2021 and is expected to witness high growth over the coming years. Construction and project management are important aspects of a project.
• The urban planning segment is expected to witness significant growth in the market, registering a CAGR of 9.2% over the forecast period. This can be attributed to increasing government initiatives for urban development.

Based on the End-use Insights, the market is segmented into Education, Government, Healthcare, Hospitality, Residential, Industrial, Retail, and Others.

• The growing environmental concerns and initiatives carried out by business owners to construct green buildings are expected to contribute to the demand for architectural advisory and interior design services. This is expected to positively impact segment growth.
• The industrial segment dominated the market and accounted for a revenue share of over 45.0% in 2021. This can be attributed to the rapid industrialization across the globe, coupled with increasing acquisitions and new factory establishments carried out by business firms.
• The residential segment is expected to witness significant growth over the forecast period, Surge in disposable income coupled with lower housing interest rates in emerging economies is also expected to bode well for market growth over the forecast period.
• The demand for services such as urban planning services and project management services is expected to increase among architects to better manage their smart cities

Architectural Services Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

New entrants backed by venture capital firms are entering the market with more innovative designs and advanced solutions. This is increasing competition in the market. Moreover, major players are focused on acquiring significant shares in the market by focusing on strategic acquisitions.

Some of the prominent players in the architectural services market include:

• AECOM
• Foster + Partners
• Gensler
• HDR
• IBI Group
• Jacobs Engineering Group
• Nikken Sekkei Ltd.
• Perkins Eastman
• Perkins and Will
• Stantec 

Order a free sample PDF of the Architectural Services Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Architectural Services Industry Overview

The global architectural services market size is anticipated to reach USD 648.12 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.4% from 2022 to 2030. The rapid urbanization in countries such as Brazil, India, and South Korea is resulting in an increasing demand for smart homes, which is a major factor driving the growth of the market. Moreover, the rising commercial and industrial building restoration activities across the globe are expected to support the increasing demand for planning, designing, and consulting services for efficient work operation. This, in turn, is expected to contribute to market growth.

Sectors such as industrial, healthcare, and hospitality widely adopt architectural services. Architecture firms assist end-users at every stage of the process, offering them blueprints of the building structure to provide a detailed spatial representation. The growing focus of architectural firms on constructing smart buildings with better space utilization is favoring the market growth. In addition, the demand for urban planning services is increasing owing to numerous smart cities initiatives undertaken by governments across the globe.

Architectural Services Market Segmentation

Grand View Research has segmented the global architectural services market report based on service type, end use, and region:

Based on the Service Type Insights, the market is segmented into Architectural Advisory Services, Construction and Project Management Services, Engineering Services, Interior Design Services, Urban Planning Services, Building Code Counseling and Interpretation Consulting Services, Legal Technical Requirement Compliance Counseling Services, and Others.

• The construction and project management segment accounted for a revenue share exceeding 34.0% in 2021 and is expected to witness high growth over the coming years. Construction and project management are important aspects of a project.
• The urban planning segment is expected to witness significant growth in the market, registering a CAGR of 9.2% over the forecast period. This can be attributed to increasing government initiatives for urban development.

Based on the End-use Insights, the market is segmented into Education, Government, Healthcare, Hospitality, Residential, Industrial, Retail, and Others.

• The growing environmental concerns and initiatives carried out by business owners to construct green buildings are expected to contribute to the demand for architectural advisory and interior design services. This is expected to positively impact segment growth.
• The industrial segment dominated the market and accounted for a revenue share of over 45.0% in 2021. This can be attributed to the rapid industrialization across the globe, coupled with increasing acquisitions and new factory establishments carried out by business firms.
• The residential segment is expected to witness significant growth over the forecast period, Surge in disposable income coupled with lower housing interest rates in emerging economies is also expected to bode well for market growth over the forecast period.
• The demand for services such as urban planning services and project management services is expected to increase among architects to better manage their smart cities

Architectural Services Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

New entrants backed by venture capital firms are entering the market with more innovative designs and advanced solutions. This is increasing competition in the market. Moreover, major players are focused on acquiring significant shares in the market by focusing on strategic acquisitions.

Some of the prominent players in the architectural services market include:

• AECOM
• Foster + Partners
• Gensler
• HDR
• IBI Group
• Jacobs Engineering Group
• Nikken Sekkei Ltd.
• Perkins Eastman
• Perkins and Will
• Stantec 

Order a free sample PDF of the Architectural Services Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Private 5G Network Industry Overview

The global private 5G network market size is expected to reach USD 36.08 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 47.5% from 2022 to 2030. Significantly growing demand for ultra-reliable low-latency connectivity with an extremely secure network across several mission-critical applications, such as public safety, is expected to boost the deployment of private 5G networks during the forecast period. Moreover, a wide range of industries, including manufacturing, oil and gas, mining, and energy and utility, are investing a massive amount in deploying private 5G telecom services to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth from 2022 to 2030.

Private 5G Network Market Segmentation

Grand View Research has segmented the global private 5G network market report based on component, frequency, spectrum, vertical, and region:

Based on the Components Insights, the market is segmented into Hardware, Software, and Services.

• The hardware segment accounted for the largest revenue share of over 55.0% due to the increased deployment of core networks and backhaul and transport equipment across the globe. The hardware segment mainly encompasses three component categories, including Radio Access Network (RAN), core network, and backhaul and transports.
• The services segment includes three key services, such as installation and integration, data services, and support and maintenance. Furthermore, with a significant focus on deploying cloud-based RAN, core, and edge networks
• The software segment is expected to witness high demand in the market over the forecast period. This would help clients to minimize the overall CAPEX during the installation.

Based on the Frequency Insights, the market is segmented into Sub-6 GHz, and mmWave.

• The sub-6 GHz segment held the largest revenue share of over 85.0%. The sub-6 GHz frequency encompasses a low band and a mid-band of spectrum ranges mainly 6GHz and below. Recently, governments across key countries, such as China, the U.S., Japan, and South Korea, released sub-6 GHz frequencies to provide 5G services.
• Few federal governments across leading countries have released mmWave frequency bands to provide private 5G services. For instance, the Federal Communication Commission (FCC) released several mmWave frequencies, including 24.25-24.45 GHz, 47.2-48.2 GHz, 24.75-25.25 GHz, and 38.6-40 GHz, among others.

Based on the Spectrum Insights, the market is segmented into Licensed, and Unlicensed/Shared.

• The unlicensed/shared segment accounted for the largest revenue share of over 70.0% and is projected to expand at the fastest CAGR from 2022 to 2030. The high growth is attributed to the rising demand for high-speed private 5G networks at affordable costs.
• A licensed spectrum is a bit costlier than an unlicensed/shared spectrum as a company needs to buy an entire license for a particular spectrum bandwidth for enhanced and secured internet connectivity. Access to a licensed spectrum can also be achieved from Communication Service Providers (CSP).

Based on the Vertical Insights, the market is segmented into Manufacturing/Factories, Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities, and Others

• The manufacturing/factories segment held the largest revenue share of over 15.0% and is projected to expand at the fastest CAGR during the forecast period. The growth is attributed to the high demand for private 5G services to provide seamless connectivity to several devices, such as Ultra-HD cameras, extended reality headsets, and AGVs.
• The energy and utility sector is anticipated to showcase significant growth in the adoption of a secured private network to get high-speed internet connectivity during energy generation and distribution applications. The need to provide improved connectivity to ships and containers/vessels for remote monitoring is expected to fuel the adoption of a private 5G network in the transportation and logistics segment over the forecast period.

Private 5G Network Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key market players are strategically building partnerships with industrial manufacturers to establish a private 5G network-based test center to test several industrial automated devices on a private 5G network. 

Some prominent players in the global private 5G network market include:

• Telefonaktiebolaget LM Ericsson
• Nokia Corp.
• Samsung
• ZTE Corp.
• Deutsche Telekom
• Juniper Networks
• AT&T Inc.
• Verizon Communications
• Altiostar
• Huawei Technologies Co., Ltd.
• Mavenir
• BT Group
• T-Systems International GmbH
• Cisco Systems, Inc.
• Vodafone Ltd.

Order a free sample PDF of the Private 5G Network Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Broadband Services Industry Overview

The global broadband services market size is estimated to reach USD 875.1 billion by 2030, according to the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.6% from 2022 to 2030. The rapidly escalating demand for broadband services due to their ability to offer higher date access to the internet using a wide spectrum of technologies is a major propeller of market growth of the market.

The market is positioned to register strong growth over the forecast period, driven primarily by the steep demand in the market. The high demand is supported by proactive government initiatives, technological advancements for improved user convenience, consumer awareness, and increased usage of devices-such as mobile phones, tablets, MIDs, and eBooks-requiring a broadband connection. The internet speed and widespread availability of broadband services are notable growth-contributors.

Broadband Services Market Segmentation

Grand View Research has segmented the global broadband services market report based on broadband connection, end user, and region:

Based on the Broadband Connection Insights, the market is segmented into Fiber Optic, Wireless, Satellite, Cable, and Digital Subscriber Line (DSL).

• The fiber optics segment dominated the market and accounted for the largest revenue share of 34.9% in 2021. This high share is attributable to the capacity of fiber optics to carry superior quality network signals from the operator’s equipment directly to an enterprise, business, or household.
• Wireless broadband service is positioned to demonstrate the fastest growth through the forecast period to become the largest segment among all broadband connections by 2030. The rapid growth is supported by technological advancements and user convenience.

Based on the End-user Insights, the market is segmented into Business, Household, and Others.

• The business end-user segment dominated the market and captured the largest revenue share of 44.1% in 2021. Most businesses require a fast and consistent internet connection to communicate internally with employees and externally with business partners and customers.
• The trend of online learning is speedily gaining momentum as schools, colleges, and universities promptly adopt digital education, thereby requiring a reliable internet connection..

Broadband Services Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market remains an intensely competitive space, driven by the large number of strategic initiatives involved to accelerate the global digital revolution. The providers in the industry are intensely focusing on improvising the technology to meet the demands of the increasing bandwidth applications, high-speed internet requirements, and user-convenience arising from the bandwidth-intensive applications.

Some of the prominent players in the broadband services market include:

• Comcast
• Time Warner Cable, Inc.
• Cox Communications, Inc.
• Singtel
• AT&T
• Verizon Communications, Inc.
• Qwest Communications International, Inc.
• Embarq
• Bell Canada Enterprises, Inc.
• Sprint Nextel

Order a free sample PDF of the Broadband Services Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

3D Printing Industry Overview

The global 3D printing market size is expected to reach USD 76.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.8% from 2022 to 2030. 3D Printing (3DP) is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object.

3D Printing Market Segmentation

Grand View Research has segmented the global 3D printing market report based on component, printer type, technology, software, application, vertical, material, and region:

Based on the Printer Type Insights, the market is segmented into Desktop 3D Printer, and Industrial 3D Printer.

• The industrial printer segment led the market and accounted for more than 70.0% share of the global revenue in 2021. Based on the printer type, the industry has been further segmented into industrial and desktop 3D printers.
• Small businesses are particularly adopting desktop printers and diversifying their business operations to offer 3D printing and other related services. For instance, the concept of ‘fabshops’ is gaining popularity in the U.S. These fabshops offer on-demand 3D printing of parts and components as per the designs and requirements provided by the customers.

Based on the Technology Insights, the market is segmented into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing, and Others.

• The stereolithography segment led the market and accounted for more than an 8.0% share of the global revenue in 2021. Based on technology, the segmentation has been done into stereolithography, fuse deposition modeling (FDM), direct metal laser sintering (DMLS), selective laser sintering (SLS), inkjet, polyjet, laser metal deposition, electron beam melting (EBM), digital light processing, laminated object manufacturing, and others.
• Fused Deposition Modeling (FDM) accounted for a considerable revenue share in 2021 owing to the extensive adoption of the technology across various 3DP processes. The DLP, EBM, inkjet printing and DMLS segments are expected to witness a growing adoption during the forecast period as these technologies are applicable in specialized additive manufacturing processes.

Based on the Software Insights, the market is segmented into Design Software, Inspection Software, Printer Software, and Scanning Software.

• The design software segment led the market and accounted for more than 30.0% share of the global revenue in 2021. It is expected to continue dominating the market during the forecast period. Based on software, the 3DP industry has been segmented into design software, inspection software, printer software, and scanning software.
• The scanning software segment is expected to register the highest CAGR of 21.7% from 2022 to 2030 and generate considerable revenues during the forecast period in line with the growing adoption of scanners.

Based on the Application Insights, the market is segmented into Prototyping, Tooling, and Functional Parts.

• The prototyping segment led the market and accounted for more than 55.0% share of the global revenue in 2021. Based on application, the industry has been segmented further into prototyping, tooling, and functional parts. This is attributed to the extensive adoption of the prototyping process across several industry verticals.
• The functional parts segment is expected to expand at a significant CAGR of 21.4% from 2022 to 2030 in line with the increasing demand for designing and building functional parts.

Based on the Vertical Insights, the market is segmented into Industrial 3D Printing, and Desktop 3D Printing.

• The automotive segment led the market and accounted for more than 20.0% share of the global revenue in 2021. Based on vertical, the industry has been segmented into separate verticals for desktop and industrial 3D printing.
• The dental, fashion and jewelry, and food verticals are anticipated to contribute significantly to the growth of the desktop 3DP segment during the forecast period. The dental vertical dominated the market in 2021 and it is expected to continue dominating the market during the forecast period.

Based on the Material Insights, the market is segmented into Polymer, Metal, and Ceramic.

• The metal segment led the market for 3D printing and accounted for more than 50.0% share of the global revenue in 2021. Moreover, the metal segment is anticipated to maintain its lead during the forecast period and is expected to expand at the highest CAGR during the forecast period.
• The polymer segment accounted for the second-largest revenue share in 2021. The ceramic material segment is expected to witness considerable growth during the forecast period.

Based on the Component Insights, the market is segmented into Hardware, Software, and Services.

• The hardware segment led the market and accounted for more than 60.0% share of the global revenue in 2021. The hardware segment has benefitted significantly from the growing necessity of rapid prototyping and advanced manufacturing practices.
• The 3DP hardware component segment has been bifurcated by printer type, technology, applications, vertical, and material. The software segment is further categorized by printer type and software type.

3D Printing Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Market leaders like Stratasys Ltd. are moving beyond prototyping toward utilizing the agility that 3D printing can contribute to the complete manufacturing value chain. With its innovative line of 3D printers featuring Fused Deposition Modelling (FDM) and Selective Absorption Fusion (SAF) technology, the company can quickly and cost-effectively produce large end-use parts using additive manufacturing.

Some prominent players in the global 3D printing market include:

• Stratasys, Ltd.
• Materialise
• EnvisionTec, Inc.
• 3D Systems, Inc.
• GE Additive
• Autodesk Inc.
• Made In Space
• Canon Inc.
• Voxeljet AG

Order a free sample PDF of the 3D Printing Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Mechanical Ventilator Industry Overview

The global mechanical ventilator market size was valued at USD 5.79 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. The unprecedented dawn of COVID-19 boosted the demand for mechanical ventilators by leaps and bounds in 2020. The intuitive measures adopted by the government and the manufacturers to curb the initial unpreparedness for the pandemic resulted in the inflow of mechanical ventilators at the expedited rate.

However, owing to the development of the Covid-19 vaccine in 2021, coupled with effective therapeutic options to treat mild to moderate symptoms of the infection, the growth has been stabilized. In addition, there is an expected decrease in the infection rate of coronavirus due to high awareness amongst the population and adherence to physical distancing measures. To restrict the spread of the pandemic, governments in various countries have implemented strict measures including social distancing.

Gather more insights about the market drivers, restrains and growth of the Global Mechanical Ventilator market

In a welcome move, the U.S. FDA temporarily waived its enforcement and inspection requirements, which would be helpful for cross-industry manufacturers to fabricate much-needed components for ventilators and other critical care equipment. Supportive and timely regulatory policies by the government are anticipated to provide a growth platform for this market in the coming financial year, thereby affecting the growth rate over the forecast years.

A rise in the incidence of Chronic Obstructive Pulmonary Disease (COPD), rapid growth in the elderly population, and technological innovation are major factors likely to drive the market over the forecast period. The evolution of patient-friendly, cost-effective, and portable devices can further encourage their usage. For instance, in April 2020, InnAccel Technologies announced the introduction of a non-invasive ventilation system intended for use in ICU with COVID-19 patients.

COPD and asthma are the most prevalent respiratory conditions across the world. According to the WHO, COPD is the third leading cause of death globally, causing 3.23 million deaths in 2019. In November 2020, Philips introduced Ventilator BiPAP A40 Expiratory Flow Limitation (EFL), a noninvasive ventilator for COPD patients. With this, clinicians can detect EFL in hypercapnic COPD patients at the point of care, ensuring the delivery of optimal homecare therapy. Increased demand for home healthcare is anticipated to have a favorable impact on the demand for home care ventilators in the coming years.

The COVID-19 pandemic has been advantageous for the market and it rendered a positive impact on the market growth. The requirement for ventilation facilities during the COVID-19 outbreak quickly improved day-to-day operational capabilities. The American Association for Respiratory Care joined forces with the different organizations to train respiratory therapists on operating ventilators during COVID-19. This has further stimulated the market players to increase their production capacities to meet the augmented demand.

Many manufacturers were flooded with orders during the pandemic. In March 2020, Philips announced that it ramped up the production of critical care products and solutions to support the diagnosis and treatment of patients with COVID-19. The company also increased the production of patient vital signs monitors and portable ventilators and consumables for invasive and noninvasive ventilation to treat a wide range of breathing conditions.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

• Infection Control Market – The global infection control market size was estimated at USD 201.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030. The market is predominantly driven by growing number of surgical procedures that require high-intensity infection prevention.

• Wearable Medical Device Market – The global wearable medical device market size was valued at USD 21.3 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 28.1% from 2022 to 2030. The growth of industries such as home healthcare and remote patient monitoring devices is anticipated to influence market growth.

Mechanical Ventilator Market Segmentation

Grand View Research has segmented the global mechanical ventilator market report on the basis of product, ventilation mode, end use, and region:

• Product Outlook (Revenue, USD Million, 2017 – 2030)
  • Critical Care
    • Ventilators
    • Accessories  
  • Neonatal
    • Ventilators
    • Accessories              
  • Transport & Portable
    • Ventilators
    • Accessories  
  • Others 

• Ventilation Mode Outlook (Revenue, USD Million, 2017 – 2030)
  • Invasive
  • Non-invasive
    • CPAP
    • BiPAP
    • Others

• End-use Outlook (Revenue, USD Million, 2017 – 2030)
  • Hospitals
  • Home Healthcare
  • Others

• Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights

• January 2022: OES Medical joined the ABHI UK Pavilion at Arab Health 2022 to launch a new mains-powered ICU ventilator to support hospitals in managing oxygen demand.
• May 2021: CorVent Medical received CE Mark approval and launched commercial use of its RESPOND-19 Ventilator in Europe. The novel system is designed for easy-to-use, flexible expansion of critical care ventilation capacity to allow hospitals to improve the treatment of critically ill patients suffering from acute respiratory distress syndrome (ARDS).

Key Companies profiled:

Some prominent players in the global mechanical ventilator market include:

• Getinge AB
• Medtronic
• Vyaire Medical Inc.
• Drägerwerk AG & Co. KGaA
• Koninklijke Philips N.V.
• Hamilton Medical
• GE Healthcare
• Smiths Medical
• ZOLL Medical Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Order a free sample PDF of the Mechanical Ventilator Market Intelligence Study, published by Grand View Research.

Athleisure Industry Overview

The global athleisure market size was valued at USD 306.62 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. The increased passion for sports and outdoor recreational activities among the country’s young population is predicted to fuel the demand for athleisure gear over the forecast period. One of the primary aspects driving this trend is a rise in consumer fitness and health consciousness, which is generating the demand for comfortable and fashionable clothes.

The COVID-19 pandemic has drastically altered the yoga landscape around the world. Yoga studios, gyms, health clubs, and other locations where in-person group yoga lessons were held were shut down or temporarily closed on a global scale as a result of the lockdown measures. Yoga teachers, on the other hand, developed a way to keep teaching their sessions by making an almost instantaneous switch to teaching online.

Gather more insights about the market drivers, restrains and growth of the Global Athleisure market

Furthermore, several businesses concentrate on specific activewear product categories and prioritize good customer satisfaction. Several businesses also offer tailored gear that is best suited to different types of customers and professional advice to help customers choose the proper things. Sustainability, a long-standing fashion trend, has made its way into the athleisure sector. Consumers continue to find and invest in new items made of sustainable, durable, and high-quality materials, according to Forbes, and many firms are attempting to bridge the gap between fashion and innovative-functional designs.

Gap, which owns both Old Navy and Athleta, is far from the only shop reaping the benefits of athleisure, which is more properly described as a category of clothes that can be worn for both sweaty activities and casual wear. Knowing that during the coronavirus pandemic, customers were drawn to loungewear like leggings, pajama sets, and other comforting alternatives. For instance, the Old Navy store reshuffled its store layout to accommodate the trend, placing those items right at the door. It also bought more fleece hoodies, stretchy bottoms, and other items to ensure that it had enough inventory before the holiday rush.

Everyone from The North Face to Levi’s to Louis Vuitton is fighting for a piece of the market, releasing new goods with stretchy fabric that can be worn on a run or to the supermarket. Kohl’s will unveil its own activewear brand, FLX, in early 2021, while Target debuted All in Motion, a new workout label, earlier in 2020. People between the ages of 16 and 30 are the most active athleisure wearers; they dress younger and feel younger. Because fitness is becoming more essential, a slightly older age group is still wearing athleisure. They want to buy either sporty or athleisure clothing. It has become more of a fashion statement, particularly for ladies. The women’s athleisure area has witnessed the most rapid rise.

Browse through Grand View Research’s Clothing, Footwear & Accessories Industry Research Reports.

• Fishing Reels Market – The global fishing reels market size was valued at USD 4.29 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027. Growing popularity of recreational activities, such as fish hunting, among millennials is expected to create a healthy demand for the product over the forecast period.

• Cycling Wear Market – The global cycling wear market size was valued at USD 5.49 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027. Market growth is attributed to rise in awareness related to health and fitness among consumers across the globe.

Athleisure Market Segmentation

Grand View Research has segmented the global Athleisure market based on component, spectrum, network architecture, vertical, and region:

• Type Outlook (Revenue, USD Million, 2017 – 2030)
  • Mass
  • Premium

• Product Outlook (Revenue, USD Million, 2017 – 2030)
  • Yoga Apparels (Tops, Pants, Shorts, Unitards, Capris, Others)
  • Shirts
  • Leggings
  • Shorts
  • Others

• End-user Outlook (Revenue, USD Million, 2017 – 2030)
  • Men
  • Women
  • Children

• Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
  • Online
  • Offline

• Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights

• August 2021: Nike Inc. paired up with Serena Williams to unveil a “collection of women’s athleisure wear and accessories, created by a group of 10 up-and-coming designers known as the Serena Williams Design Crew.
• February 2021: Puma SE launched five new lines of running products including Liberate, Velocity, Deviate, Deviate Elite, and Eternity. The Deviate features two layers of lightweight NITRO combined with the carbon fiber nanoplate.

Key Companies profiled:

Some prominent players in the global athleisure market include: –

• Hanes Brands, Inc.
• Adidas AG
• Vuori
• PANGAIA
• Under Armour, Inc.
• Outerknown
• EILEEN FISHER
• Patagonia, Inc.
• Wear Pact, LLC
• Lululemon Athletica

Order a free sample PDF of the Athleisure Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

5G Services Industry Overview

The global 5G services market size was valued at USD 47.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 52.0% from 2022 to 2030. 5G wireless mobile services enable a fully mobile and connected environment by delivering a wide range of use cases and business models to consumers. Moreover, faster data speeds and extremely low latency offered by the 5G technology would enhance the user experience while using 5G services for several use cases, such as Virtual Reality (VR) and Augmented Reality (AR) gaming, seamless video calling, and Ultra-High Definition (UHD) videos, among others. The growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management, is estimated to propel the adoption of these services over the forecast period.

Moreover, the rising focus on building partnerships by 5G system integration providers with telecom operators is estimated to augment the adoption of these services. Many industry verticals are focusing on technological transformations to improve their overall productivity and operational efficiency as part of the efforts to sustain in a highly competitive environment. The 5G wireless technology holds the potential to help in realizing remarkable transformations across all these verticals through reductions in overall costs and enhancement in productivity. The continued emphasis on improving energy monitoring and management as well as gaining better control of the energy generation and distribution network is also expected to boost the market growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global 5G Services market

When it comes to healthcare, some of the largest economies, such as the U.S. and China, are expected to continue investing heavily in the provision of healthcare facilities. For instance, the National Health Expenditure Accounts (NHEA) of the U.S. expects the overall healthcare spending in the country to reach more than USD 6.2 trillion by 2030 exhibiting a CAGR of nearly 7% from 2022 to 2030. Modern healthcare would particularly focus on administering technology-driven treatments to the patients, thereby driving the market growth over the forecast period. Apart from energy & utilities and healthcare, transportation & logistics is another industry vertical that can offer potential opportunities to this market.

For instance, the concept of Vehicle-to-anything (V2X) communication has paved the way for connected vehicles and autonomous driving. 5G services would be playing a crucial role in providing seamless Vehicle-to-Infrastructure (V2I) communication and Vehicle-to-Vehicle (V2V) communication to reduce the chances of accidents on roads. The growing emphasis on ensuring a safe and enhanced driving experience with connected vehicles is expected to drive market growth over the forecast period. The next generation 5G technologies are increasingly being used in public transportation applications.

These technologies can provide broadband access for public transportation systems, such as buses and high-speed trains, to provide high-speed internet in transit for entertainment, information, and interaction with smart mobility components. This, in turn, is expected to fuel the market growth. Moreover, the strong emphasis on providing reliable and robust communication during natural disasters, such as floods, hurricanes, and earthquakes, is further estimated to spur the adoption of 5G services. However, the governments are quoting significantly high prices for service providers for procuring the 5G spectrum. Service providers would have no other option but to pass on these costs to the end-users.

Thus, the high spectrum prices and the subsequent hike in 5G service subscription prices are expected to hinder the market growth to some extent. As the market is in the introduction phase, several key service providers across the globe are investing in deploying modern network infrastructure to tap the maximum subscriber base in their region. However, the outbreak of the COVID-19 has put the deployment of several 5G cores and base station infrastructures on hold across the globe. In addition, the spectrum auction for 5G services has been postponed by several federal governments across key countries, such as Spain, the U.S., and France, which will hinder the market growth.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

• Application Server Market – The global application server market size was valued at USD 15.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.2% from 2021 to 2028. The COVID-19 pandemic has moderately triggered market growth, owing to the fall in end-users spending on new servers and changes in demand from various groups of IT buyers globally.

• Location-based Entertainment Market – The global location-based entertainment market size was valued at USD 3.05 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 34.4% from 2021 to 2028. The growing demand for immersive video content, video games, and other entertainment content, which can potentially trigger the sales of Virtual Reality (VR) headsets, is expected to drive the growth.

5G Services Market Segmentation

Grand View Research has segmented the global 5g services market based on component, spectrum, network architecture, vertical, and region:

• Communication Type Outlook (Revenue, USD Billion, 2020 – 2030)
  • FWA
  • eMBB
  • uRLLC
  • mMTC

• Vertical Outlook (Revenue, USD Billion, 2020 – 2030)
  • Manufacturing
  • Public Safety
  • Healthcare & Social Work
  • Media & Entertainment
  • Energy & Utility
  • IT & Telecom
  • Transportation & Logistics
  • Aerosapce & Defense
  • BFSI
  • Government
  • Retail
  • Mining
  • Oil & Gas
  • Agriculture
  • Construction
  • Real Estate

• Regional Outlook (Revenue, USD Billion, 2020 – 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights

• September 2018: T-Mobile signed an agreement with Ericsson to support T-Mobile’s 5G deployment in the U.S.
• April 2018: the BT Group plc’s Enterprise (EE) segment acquired 40 MHz of 3.4 GHz spectrum (3540 – 3580 MHz spectrum frequencies) for around USD 426.5 million.

Key Companies profiled:

The key players in the global 5G services market include:

• AT&T, Inc.
• BT Group plc
• China Mobile Ltd.
• China Telecom Corporation Ltd.
• Bharti Airtel Ltd.
• NTT Docomo
• KT Corp.
• Saudi Telecom Company
• Vodafone Group
• Deutsche Telekom AG
• SK Telecom Co., Ltd.
• Verizon Communications, Inc.
• T-Mobile USA, Inc.
• Rakuten Mobile Inc.

Order a free sample PDF of the 5G Services Market Intelligence Study, published by Grand View Research.