Automotive Chromium Market Report Provides An Analysis On The Latest Trends And Opportunities In Each Of The Sub-Segments From 2014 To 2025

Global Automotive Chromium Market is expected to reach USD 2.54 billion by 2025, according to a new report by Grand View Research, Inc. Rising chromium plating demand from the passenger vehicles segment, on account of its superior corrosion resistance properties will augment the market growth over the next nine years.

The passenger vehicle segment held the largest market share. Chrome plating is being increasingly used for plating various passenger vehicle components such as bumpers, grills, mirror covers, inner & outer door handle, interior decorative parts, headrest and other parts. In addition, the growing popularity of chrome plating in passenger vehicles, since it enhances aesthetics is expected to propel the market growth over the forecast period.

The decorative plating application segment accounted for the largest share in the global automotive chromium market. The decorative plating is being increasingly used on account of its beneficial properties such stain and abrasion resistance, which is expected to have positive impact on market. However, stringent environmental regulations laid by various governments in matured economies is expected to pose a challenge to the growth of automotive chromium market over the next nine years.

Increasing chrome plating on two wheelers on account of enhanced corrosion and wear resistance offered; would propel the industry development. The rise in manufacturing of vehicles in North America and Asia Pacific region is anticipated to fuel the demand for automotive chromium over the forecast period. The increasing number of two wheelers, in North America is expected to boost the chromium plating for various components including headlight, frame, nuts & bolts, wheels, and others. The benefit of improved two wheeler aesthetics on account of chrome plating would propel the market during 2016 to 2025.

Access Full Research Report on Global Automotive Chromium Market: http://www.grandviewresearch.com/industry-analysis/automotive-chromium-market

Further key findings from the report suggest:

• The market is expected to grow at a CAGR of 5.93% from 2016 to 2025 on account of increasing use in the passenger vehicles. Decorative plating is projected to witness the fastest growth at a CAGR of 6.4% from 2016 to 2024 owing to its superior corrosion and wear resistance properties
• North America market is expected to witness significant market development and was estimated at over USD 790 million in 2015 on account of rising demand from the two wheelers and passenger vehicle segment.
• Key participants include Macdermid Enthone Inc., Kakihara Industries Co., Ltd., Sarrel, and MVC Holdings, LLC. Major market players are focused on research and development for product differentiation to maintain their market share along with achieving sustainable growth.
• In March 2016, MacDermid Enthone Industrial Solutions was given membership by High Density Packaging (HDP) User Group which focuses on addressing technical issues faced by the electronic packaging and assembly industry.

Browse More Reports From Same Category: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks 

Grand View Research has segmented the Global Automotive Chromium Market on the basis of application, end-use, and region:

Automotive Chromium Application Outlook (Revenue, USD Million, 2014 - 2025)

• Decorative Plating
• Functional Plating

Automotive Chromium End-Use Outlook (Revenue, USD Million, 2014 - 2025)

• Two Wheelers
• Passenger Vehicles
• Commercial Vehicles

Automotive Chromium Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • U.S.
• Europe
• UK
• Germany
• Italy
• China
• India
• Japan
• Brazil
• Asia Pacific
• South & Central America
• Middle East & Africa

View Blog on Global Automotive Chromium Market By Grand View Research: http://www.grandviewresearch.com/blog/automotive-chromium-market-size-share-trends


About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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
For more Information visit us: www.grandviewresearch.com

Kidney Function Tests Market Report Forecasts Revenue Growth 2014-2025

Global Kidney Function Tests Market is expected to reach USD 1.9 billion by 2025, according to a new study by Grand View Research, Inc. The growing prevalence of Chronic Kidney Diseases (CKD) and renal failure is presumed to be responsible for the high urgency to use kidney function tests, which is anticipated to broaden the scope for growth throughout the forecast period. In addition, expanding base of diabetic population, which is highly susceptible to the aforementioned diseases, is predicted to impel the demand further over the coming years. Consequently, resultant high sample volume will require high capability kidney function testing devices, which is believed to present the market with significant growth potential opportunities.

In addition, growing awareness with respect to diagnostic benefits associated with kidney function tests is also anticipated to be one of the high impact rendering drivers for this market. Emergence of technologically advanced products, such as automated analyzers, has led to refinement of current real-time point-of-care testing capabilities and, therefore, creates lucrative growth opportunities for the market. Furthermore, presence of public as well private healthcare organizations consistently striving to support diagnosis and management of CKD through a range of programs and initiatives is expected to create potential demand.

Access Full Research Report on Global Kidney Function Tests Market: http://www.grandviewresearch.com/industry-analysis/kidney-function-tests-market

Further key findings from the study suggest:

• Imaging tests are expected to exhibit lucrative CAGR owing to increasing adoption in wide array of clinical applications. The high penetration can be attributed to efficient renal function risk assessment due to abnormal results generated through other tests
• Diagnostic laboratories are anticipated to exhibit lucrative CAGR during the forecast period owing to increasing preference for point-of-care testing by clinicians
• In 2016, North America held a dominant share of the global kidney function tests market, as a consequence of increasing local presence of prominent companies undertaking competitive sustainability strategies
• Asia Pacific is anticipated to grow at an exponential CAGR owing to unmet needs of patients, continuous infrastructural & technological upgradation, and increasing healthcare expenditure
• Some key participants such as Abbott Laboratories; Merck Millipore; Alere, Inc.; and Quest Diagnostics are implementing various competitive strategies, such as new product development & frequent product approvals, to maintain their position in the market
• For instance, in March 2015, metropolis announced the launch of a kidney function test, a PLA2R antibody test, that detects and evaluates intensity of membranous nephropathy

Browse More Reports from same Category: http://www.grandviewresearch.com/industry/clinical-diagnostics 

Grand View Research has segmented the Global Kidney Function Tests Market on the basis of product, end use, and region:

Kidney Function Tests Product Outlook (Revenue, USD Million, 2014 - 2025)

• Dilution & Concentration Tests
• Clearance Tests
• Urine Tests
• Imaging Tests

Kidney Function Tests End-Use Outlook (Revenue, USD Million, 2014 - 2025)

• Hospitals
• Diagnostic Laboratories
• Academic Research Laboratories
• Others

Kidney Function Tests Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• Japan
• China
• India
• Mexico
• Brazil
• South Africa
• Asia Pacific
• Latin America
• MEA

View Blog on Global Kidney Function Tests Market By Grand View Research: http://www.grandviewresearch.com/blog/kidney-function-tests-market-size-trends 
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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
For more Information visit us: www.grandviewresearch.com

EEG (Electroencephalography) Devices Market Report Forecasts Revenue Growth At Global, Regional, And Country Levels

Global EEG Devices/Systems Market is expected to reach a value of USD 1.40billion by 2025, according to a new report by Grand View Research, Inc. Increasing prevalence of neurological disorders such as epilepsy, sleeping disorders, brain tumor, Parkinson’s disease, and stroke is a major factor anticipated to drive market growth during the forecast period. According to WHO, over 50 million people are affected by epilepsy; and more than 35.6 million people worldwide are suffering from Alzheimer’s disease and dementia. Thus, the increasing prevalence of neurological disorders leads to rising demand for EEG systems and equipment. In addition, growing awareness about neurological diseases in developed and developing regions is expected to boost the market.
Increasing funding for neuroscience R&D by governments is another main factor contributing to the market growth. For instance, in June 2014, the U.S. Department of Defence granted USD 400,000 to University of Texas at San Antonio for the purchase of two EEG systems intended for advance research on brain-machine interaction. Also, technological advancement in these systems propels its adoption for detection of abnormalities associated with electrical activity of the brain. Thus, government initiatives and technological advancement are expected to drive the growth of the sector in the near future.

Access Full Research Report on Global Electroencephalography (EEG) Systems/Devices Market: http://www.grandviewresearch.com/industry-analysis/electroencephalography-eeg-systems-devices-market

Further Key Findings From the Study Suggest:

• The 32-channel EEG segment was the highest revenue generating segment of the market in 2015. The technological advancement in 32-channel EEG products propels the segment growth
• In 2015, the standalone devices segment was the highest revenue grossing segment of the market due to its high application in hospitals and diagnostics centers
• The hospitals segment held the largest revenue share in the market in 2015, owing to the increasing number of patients suffering from neurological disorders. The rising geriatric population is another major factor responsible for the growth of the hospitals segment during study period
• North America accounted for the largest revenue share of the EEG devices market in the year 2015. The availability of insurance coverage for brain monitoring and well-developed healthcare infrastructure is anticipated to drive demand for EEG products in the region during the forecast period
• Some of the key companies are Natus Medical, Inc.; NeuroWave Systems, Inc.; Electrical Geodesics, Inc.; Medtronic; Compumedics Ltd.; Cadwell Laboratories, Inc.; Noraxon U.S.A. Inc.; and Nihon Kohden America, Inc.

Browse More Reports from same Category: http://www.grandviewresearch.com/industry/medical-devices 

Grand View Research has segmented the EEG Devices market on the basis of product, type, end use, and region:

EEG Devices Product Outlook (Revenue, USD Million; 2014 - 2025)

• 8-channel EEG
• 21-channel EEG
• 25-channel EEG
• 32-channel EEG
• 40-channel EEG
• Multichannel EEG

EEG Devices Type Outlook (Revenue, USD Million; 2014 - 2025)

• Standalone devices
• Portable devices

EEG Devices End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Hospitals
• Diagnostic Centers
• Others

EEG Devices Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
• Germany
• UK
• China
• Japan
• India
• Brazil
• Mexico
• South Africa
• Asia Pacific
• Latin America
• MEA

View Blog on Global Electroencephalography (EEG) Systems/Devices Market By Grand View Research: http://www.grandviewresearch.com/blog/electroencephalogram-eeg-devices-market-size-share  

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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
For more Information visit us: www.grandviewresearch.com

Medical Foods Market Competitive Landscape by Company Overview, Financial Performance, Product Bench-marking, and Strategic Initiative 2014-2025

Global Medical Foods Market is expected to reach a value of USD 24.4 billion by 2025, according to a new report by Grand View Research, Inc. The medical foods market is anticipated to grow at a CAGR of 6.9% over the forecast period. The key factors supporting expansion include the growing awareness about medical foods, improvement in patient healthcare outcomes, rise in prevalence of several chronic diseases, increase in malnutrition, and continuous innovation.

The use of medical foods to assist the patients during the treatment of chronic diseases has been a prevalent practice. However, lack of awareness about the proper usage, quality concerns, and overlapping claims about benefits associated due to the usage of medical foods have restricted the growth of medical foods market.

The difference between functional foods, dietary supplements, and medical foods is still not clear for several healthcare practitioners. Therefore, errors in prescription or use of substitute products is a major trend observed in the market. Furthermore, the regulatory uncertainty pertaining to the classification of medical foods as a separate category has also affected the market growth.

The prevalence of chronic diseases such as diabetic neuropathy, Alzheimer’s, Attention Deficit Hyperactivity Disorder (ADHD), and several metabolic diseases is increasing rapidly The risk of neuropathy significantly increases with increase in age, changes in diet, and adoption of an unhealthy lifestyle. Some of the symptoms usually associated with neuropathy include numbness, tingling, and pain in the feet, arms, & legs. Furthermore, some of the key products used to treat this condition include Percura capsules, METANX, and Foltanx.

The growing number of patients with Alzheimer’s disease is also increasing rapidly. As per the estimates published by the Alzheimer’s Society, in the U.S., an estimated 5.4 million Americans across all ages are suffering from this disease. On further analysis of the data, it is observed that nearly 5.2 million people are aged 65 and above. Thus, rise in the geriatric population is also a major factor driving the medical foods market.

Access Full Research Report on Global Medical Foods Market: http://www.grandviewresearch.com/industry-analysis/medical-foods-market

Further Key Findings from the Study Suggest:

• In 2015, oral route held the highest share as majority of the products are administered through the oral feeding
• In 2015, powders category accounted for nearly 79% of the market share
• In 2015, diabetic neuropathy was the largest application with a share of 34.3% owing to growing awareness about nutritional requirements during the treatment of chronic diseases
• Asia Pacific is expected to lead the growth with a CAGR of 7.8% from 2016 to 2025
• Some of the key players are Danone; Nestlé; Abbott; Targeted Medical Pharma Inc.; Primus Pharmaceuticals Inc.; Mead Johnson & Company, LLC.; and Fresenius Kabi AG.

Browse More Reports from Same Category: http://www.grandviewresearch.com/industry/pharmaceuticals 

Grand View Research has segmented the Global Medical Foods Market by route of administration, by product, by application, and by region:

Medical Foods Route of Administration Outlook (Revenue in USD Million, 2014 - 2025)

• Oral
• Enteral

Medical Foods Product Outlook (Revenue in USD Million, 2014 - 2025)

• Pills
• Powder
• Others

Medical Foods Application Outlook (Revenue in USD Million, 2014 - 2025)

• Diabetic Neuropathy
• ADHD
• Depression
• Alzheimer’s disease
• Nutritional Deficiency
• Others

Medical Foods Regional Outlook (Revenue in USD Million, 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• Japan
• China
• Brazil
• Mexico
• South Africa
• Asia Pacific
• Latin America
• Middle East and Africa

View Blog on Global Medical Foods Market By Grand View Research: http://www.grandviewresearch.com/blog/medical-foods-market-size-share 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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
For more Information visit us: www.grandviewresearch.com

Cell Isolation/Cell Separation Industry Forecasting Include Market Drivers And Restrains, Along With Their Current And Expected Impact 2014-2025

Global Cell Isolation/Cell Separation Market is expected to reach a value of USD 16.4 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for biopharmaceuticals including antibodies, proteins, vaccines, and drugs is the most important factor that drives the market growth during the forecast period. Biopharmaceuticals development involves the application of various life science products such as centrifuges, cell separator systems, flow cytometers, filtration systems, and consumables. Thus, the demand for advanced cell isolation products by biotechnology and biopharmaceutical companies is increasing, which is expected to boost the market growth.

Rising funding by biotechnology companies and government for cell-based research is another major factor driving the growth of the cell isolation/cell separation market. For instance, National Institutes of Health invested around USD 1,429 million for stem cells research in 2015. Stem cell therapy is the most promising technique to treat severe medical conditions such as cancer, cardiovascular disease, brain disease, and blood disease. Thus, the biotechnology companies are adopting advanced cell separation products for the research and development of stem cells.

Access Full Research Report on Cell Isolation/Cell Separation Market: http://www.grandviewresearch.com/industry-analysis/cell-isolation-cell-separation-market

Further key findings from the study suggest:

• Consumables product segment was the largest revenue-generating segment of the market in the year 2016.
• Consumables is expected to uphold its dominance during the forecast period owing to repetitive purchase of these products for research and diagnostics application
• The human cells segment was the largest revenue grossing segment of the sector in 2016, and is expected to grow at fastest rate due to growing demand of isolated human cell in therapeutics, research, and biopharmaceuticals production
• In 2016, the centrifugation technique segment accounted for the largest share in the overall market, owing to its wide application for manufacturing of biopharmaceutical drugs, vaccines, proteins, and antibodies
• In 2016, North America dominated the overall market with the largest revenue share due to the existence of major biopharmaceutical companies and research laboratories in this region
• Asia Pacific is projected to witness the highest CAGR over the forecast period, owing to the mounting investments in cell-based research and rapidly booming biotechnology industry in this region
• Some of the key players include Thermo Fisher Scientific, Inc.; BD Biosciences; GE Healthcare; Beckman Coulter, Inc.; Merck KGaA; Terumo BCT; STEMCELL Technologies Inc.; and Bio-Rad Laboratories, Inc.

Browse More Reports From Same Category: http://www.grandviewresearch.com/industry/biotechnology 

Grand View Research has segmented the Cell Isolation/Cell Separation Market on the basis of product, cell type, technique, application, end-use, and region:

Cell Isolation/Cell Separation Product Outlook (Revenue, USD Million; 2014 - 2025)

• Consumables
  • Reagents, kits, media, and sera
  • Beads
  • Disposables
• Instruments
• Centrifuges
• Flow cytometers
• Filtration systems
• Magnetic-activated cell separator systems

Cell Isolation Cell Separation Cell Type Outlook (Revenue, USD Million; 2014 - 2025)

• Human cells
• Animal cells

Cell Isolation Cell Separation Technique Outlook (Revenue, USD Million; 2014 - 2025)

• Centrifugation
• Surface marker
• Filtration

Cell Isolation Cell Separation Application Outlook (Revenue, USD Million; 2014 - 2025)

• Biomolecule isolation
• Therapeutics
• Stem cell research
• Cancer research
• Tissue regeneration
• In-vitro diagnostics

Cell Isolation Cell Separation End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Research laboratories and institutes
• Biotechnology and biopharmaceutical companies
• Cell banks
• Hospitals and diagnostic laboratories

Cell Isolation Cell Separation Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
• Germany
• UK
• Japan
• China
• India
• Brazil
• Mexico
• South Africa
• Asia Pacific
• Latin America
• MEA

View Press Release on Cell Isolation/Cell Separation Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-cell-isolation-cell-separation-market 

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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
For more Information visit us: www.grandviewresearch.com

Transcatheter Pulmonary Valve Market Analysis By Application, And Segment Forecast From2014 To 2025

Global Transcatheter Pulmonary Valve Market is expected to reach a value of USD 54.1 million by 2025, according to a new report by Grand View Research, Inc. The technological advancements pertaining to heart valve technologies, and increasing number of clinical trials pipeline by various public and private players are some of the crucial factors expected to boost the market over the forecast period.

In 2015, North America held the majority of market share of nearly 80.6% in the global market. Some of the major drivers are increasing prevalence of the various cardiovascular disorders, growing geriatric population with heart valve diseases such as pulmonary stenosis, pulmonary regurgitation, and others, and rising awareness regarding the benefits of trans catheter valves over surgical procedures. The growing number of patients suffering from long-term heart disorders, rising awareness about technologically advanced heart valve, and increasing healthcare expenditures and reimbursement policies for overall trans catheter valves are some of the key contributors to the growth of the market globally.

However, Asia Pacific is expected to show a growth in this market after 2019, as there will be several product launch in this region. The Asia Pacific region is expected to grow at a lucrative growth rate owing to the growth of many developing economies like Japan and China. These developing countries show a potential of growth due to various contributors such as the increasing aging population and growing prevalence of heart diseases. Moreover, the presence of a large pool of patients, developing healthcare infrastructure & services, increasing disposable income, and rising government funding are some of the factors that are expected to drive the market during the forecast period.

Access Full Research Report on Transcatheter Pulmonary Valve Market: http://www.grandviewresearch.com/industry-analysis/transcatheter-pulmonary-valve-market

Further key findings from the study suggest:

• In 2015, tetralogy of Fallot (ToF) was the largest application segment, owing to the growing prevalence of ToF and the presence of huge product portfolio
• In 2015, balloon trans catheter valve segment held majority of the revenue share and is expected to be the fastest growing market during the forecast period
• The presence of huge patient base and growing interest among the private and public players to launch product after the completion of clinical trial in 2017 is expected to drive the Asia Pacific market
• Some of the key players are Boston Scientific Corporation, Braile Biomédica, Direct Flow Medical, Edwards Lifesciences Corporation, JenaValve Technology, Inc., St. Jude Medical, SYMETIS, Colibri Heart Valve, LLC, VENUS MEDTECH, and XELTIS.

Browse More Reports from Same Category:
http://www.grandviewresearch.com/industry/medical-devices 

Grand View Research has segmented the Trans catheter Pulmonary Valve Market by application, technology, end-use, raw material, and region:

Trans catheter Pulmonary Valve Application Outlook (Revenue in USD Million, 2014 - 2025)

• Cardiac Anomaly
• Pulmonary Atresia
• Pulmonary Stenosis
• Pulmonary Regurgitation
• Tetralogy of Fallot
• Truncus Arteriosus
• Others

Transcatheter Pulmonary Valve Technology Outlook (Revenue in USD Million, 2014 - 2025)

• Balloon-Expanded Transcatheter Valve
• Self-Expanded Transcatheter Valve

Transcatheter Pulmonary Valve End-Use Outlook (Revenue in USD Million, 2014 - 2025)

• Adult
• Pediatric

Transcatheter Pulmonary Valve Raw Material Outlook (Revenue in USD Million, 2014 - 2025)

• Synthetic Transcatheter Valve
• Tissue Engineered Transcatheter Valve

Transcatheter Pulmonary Valve Regional Outlook (Revenue in USD Million, 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
• UK
• Germany
• Spain
• Russia
• France
• Italy
• China
• Japan
• Hong Kong
• Taiwan
• Mexico
• Brazil
• South Africa
• Asia Pacific
• Latin America
• MEA

 
View Press Release on Transcatheter Pulmonary Valve Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-transcatheter-pulmonary-valve-market 
 
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
 
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
For more Information visit us: www.grandviewresearch.com

Smart Transportation Market Qualitative Analysis By Industry Overview, Trends, Market Drivers And Restraints

Global Smart Transportation Market is estimated to reach a market size of USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favourable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth.

Increasing investments in the smart city product is anticipated to open new avenues for growth in the coming years as smart transportation is an integral part of the smart city. The growing government focus to reduce greenhouse gas emission and rising traffic congestion is anticipated to drive the industry growth over next eight years. The growing number of government mandates by the European Union (EU) and Directive on Intelligent Transport System is also anticipated to favour the industry growth over the forecast period.

The requirement of a huge capital for replacing the existing infrastructure with the smart technological advanced system is expected to hinder the industry growth. The long downtime for replacing the existing system may also pose a challenge to its growth and will affect the daily commutation activities.

Access Full Research Report on Smart Transportation Market: http://www.grandviewresearch.com/industry-analysis/smart-transportation-market

Further key findings from the study suggest:

• Key solutions available in the market include the ticketing management system, parking management system, integrated supervision system, and traffic management system. The integrated supervision system is used for reducing traffic blocks, minimizing accidents, and providing better safety measures and holds high growth potential.
• Key services include cloud service, business service, and professional service. The cloud service segment is anticipated to witness a surge in the demand, owing to the requirement for the storage of data generated through these systems.
• Professional service vendors offer consulting services and may witness an increase in the demand over the next eight years, owing to the requirement of services for upgrading the existing infrastructure.
• The North American region accounted for over 27% of the global revenue share in 2015 and Asia Pacific is estimated to be the fastest-growing segment, offering lucrative growth opportunities for the industry players. The increasing concentration of leading vendors for expansion and technological advancement in this region is expected to favor the regional growth over next eight years.
• The European Union (EU) and government initiatives towards enhancing transport infrastructure are also expected to favor the European market growth. The Middle East is anticipated to witness an upsurge in the demand, owing to the increasing government investment in the transport infrastructure.
• Key industry participants include Accenture PLC, Alstom, SA, Cisco System, Inc., Cubic Corporation, General Electric Company (GE), Indra Sistema S.A., International Business Machine (IBM) Corporation, Kapsch, LG CNS Corporation, and Xerox Corporation

Browse More Related Reports from Same Category: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the Global Smart Transportation Market on the basis of solution, service and region:

Solution Outlook (Revenue, USD Million; 2014 - 2024)

• Ticketing management system
• Parking management system
• Integrated supervision system
• Traffic management system

Services Outlook (Revenue, USD Million; 2015 - 2024)

• Cloud services
• Business services
• Professional services

Regional Outlook (Revenue, USD Million; 2014 - 2024)

• North America
• Europe
• Asia Pacific
• Rest of the World

View Press Release on Smart Transportation Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-smart-transportation-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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

For more Information visit us: www.grandviewresearch.com