Research Report

The global   night vision system market   is expected to surpass a valuation of   US$ 1.2 Bn   by 2032, with sales growing at a   13.9% CAGR   over the forecast period. Increasing sales of luxury cars, along with rising awareness regarding road safety is boosting the requirement for improved night visibility range and quality. This is expected to fuel sales in the market over the forecast period.   NIR (near infrared range) technology has progressed significantly during the last few years. In low-light or no-light situations, NIR technology produces photons, which aid in the detection of objects from a long distance. For night vision systems, it is critical for eye-tracking and gesture control. Within a detecting range of fewer than 600 feet, the technology uses less power and can provide a crisp image in the dark. As a result, sales in the the global automotive night vision market are predicted to grow. More sensors are being integrated into automobiles to make them smarter and automa

The global  front collision warning market  is projected to expand at a firm 14.5% CAGR during the forecast period between 2022 and 2032. Front collision warning (FCW) system is an ADAS feature in-built in vehicles to warn drivers if they are approaching any collision in the form of an obstruction or car in its path. The demand for advanced driver assistance system (ADAS) is estimated to grow in tandem with surging passenger vehicles with advanced safety features globally. Forward collision warning systems use radar, LIDAR, camera and ultrasonic sensors to scan the road while driving and detect any obstruction coming the way. Forward collision warning system is also known as a collision avoidance or collision mitigation system. The front collision warning systems demand is driven by factors like increasing sales of luxury vehicles and increase in demand of autonomous vehicles in regions like North America, Europe and others. As per FMI, the global front collision warning market is expe

Global  automotive repair & maintenance services market  is forecast to reach a US$ 544.5 Bn in 2021, witha stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are recovering since the automotive industry is in recovery mode. Considering the possibility of the market regaining momentum in many countries, the long-term outlook on the market remains positive. The demand for automotive repair & maintenance services increases with the increasing vehicle age and poor quality of roads. The repair & maintenance market is driven by increase in demand for various services and parts such as tire replacement services, collision body repairs, and others. The number of registrations for passenger cars is increasing with the growing number of manufacturers in the world. Especially

  Park Assist System Market to Top US$ 2.2 Bn by 2032 Amid Rising Adoption in Passenger Vehicles The global  park assist system market  is projected to reach a valuation of US$ 595.6 Mn in 2022. Demand is forecast to increase at a  14.3%  CAGR during the forecast period, reaching US$ 2.2 Bn by 2032. Park assist system, which is also known as advanced parking guidance system, helps the driver park with higher precision using advanced guidance technology that uses radar and ultrasonic based solutions. The park assist system is customer centric that elevates every phase of the parking experience with advanced parking features that guide drivers to park with confidence. These systems provide great performance, better efficiency, along with increased safety & security for vehicles which is propelling the demand for park assist systems. Along with the above mentioned factors, park assist system also minimizes the chance for potential scratches and dings when parking into very tight place

Sales of automotive composites are directly correlated to automotive production and vehicle parc. Despite fluctuating economic conditions in the recent past, on an average, the global automotive market has observed reasonable growth. Efforts to reduce the weight of vehicular components will increase, thereby providing substantial opportunities for the growth of  automotive composites market . The global automotive composites market is estimated at US$ 7.4 Bn in 2019, and is projected to grow at a moderate rate during the forecast period. Key Takeaways from Global Automotive Composites Market Glass fiber has been observed to be the most preferred composite material in the automotive industry, owing to low cost and high structural strength. Demand for high-performance automotive vehicles is increasing across the globe, along with the growing demand for emission control. As a result, manufacturers are focusing on using advanced composite materials due to the high temperature generating co

  The global demand for  PD1/PDL1 inhibitors  has been marginally impacted by the coronavirus pandemic in 2022, with disruptions and delays in supply chains owing to logistical and transport issues. According to a recent study by Future Market Insights (FMI), the long-term prospects of the industry is likely to remain very positive, with investments growing for cancer treatment research and emphasis on biologics in the pharma industry. According to FMI analysts, PD1/PDL1 inhibitors are anticipated to play increasingly important roles in cancer treatment procedures, owing to lower toxicity levels in comparison to other treatment alternatives, and better compliance with safety standards being implemented by regulatory bodies in different countries. The industry has witnessed exponential growth in the past few years on account of investments into research for biologics in the pharmaceutical sector and the potential application of immunity check point inhibitors, and promising results from

  Identity Verification Market Expected to Reach US$ 40 Bn by 2032 Amidst Rising Fraudulent Activities The global  identity verification market   is projected to advance at a CAGR of 14.8% through the forecast period. The  verification market  valuation is likely to reach US$ 40 Bn by 2032 from US$ 10 Bn in 2022. Increased digitization ambitions, a surge in fraudulent activities and identity theft over the previous decade, and rising use cases of digital identities among verticals are all driving the  identity verification market . Furthermore, initiatives by governments and businesses focusing on digitalization and the use of new technologies in  identity verification systems,  such as AI, machine learning, and automation, would present lucrative prospects for  identity verification  suppliers. Growing digitization initiatives, identity theft, an increase in fraudulent activities over the last decade, and an increase in the adoption of digital IDs among verticals are all pushing the