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Polyamide 66 (PA66), also called nylon 66, is a semi-crystalline performance engineering plastic. It is made by polycondensation of hexamethylenediamine and adipic acid.

High abrasion resistance, heat stability, strength, and other such characteristics possessed by PA66 make it a highly suitable polyamide for highly demanding automotive applications such as tire, airbags, and under-hood applications. PA66 fabric cord is generally utilized in the tire as reinforcement, as its core chemistry delivers a balance of technical properties that competitive yarns such as polyester and even PA6 find it hard to replicate. Thus, a rise in the demand for new tires and an increase in miles travelled by vehicles are boosting the PA66 fabric cord market across the globe.

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Key Drivers of PA66 Fabric Cord Market

Rise in sale of vehicles coupled with growing per capita income and consecutive rise in miles travelled per vehicle has led to high wear of tires. Increase in number of construction activities, industrialization and trade activities has fueled the usage of commercial vehicles, thus fueling the wear of tires and the demand for new replacement tires.

Consistent rise in number on-road vehicles and congestion in urban areas have increased the number of road-traffic accidents globally. According to statistics by the European Union, more than 23,400 people lost their lives in road accidents on European roads out of which 45% were vehicle occupants. These concerns regarding the severity of a potential vehicle occupant injury during a vehicle accident has increased the adoption of automotive airbags.

The U.S. Department of Transportation stated that in 2017, airbags saved lives of 2,790 people on the streets of the U.S. Furthermore, several automakers have included airbags as a standard feature in their every vehicle model to increase their safety rating. PA66 cord is used in making the fabric of the airbag, as the fabric possesses the desired strength, heat stability, good aging characteristics, and energy absorption characteristics. Thus, increasing integration of airbags in automobiles is driving the global PA66 fabric cord market.

Challenges in PA66 Fabric Cord Market

  • Rise in demand for PA66 for the manufacture of different automotive and industrial components has led to the shortage of supply in the market and subsequently, is prompting customers to develop and opt for alternative solutions. This, in turn, is restraining the PA66 fabric cord market across globe.

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Impact of COVID-19 pandemic on PA66 Fabric Cord Market

  • The recent pandemic of COVID-19 has disrupted automotive supply chains, thus creating a shortage of raw materials and components which hampered the sale of vehicles and in-turn decreased demand of PA66 fabric cord. However, demand in global PA66 fabric cord market is expected to increase in the near future, as governments have lifted the restrictions imposed and companies have restarted their operations with precautionary measures.

Europe and North America to hold significant share of PA66 Fabric Cord Market

  • Transportation regulatory agencies in North America and Europe including U.S. National Highway Traffic Safety Administration and the European Union have mandated airbag technologies in all the vehicles sold in their respective jurisdictions. These favorable regulations have increased the application and demand for PA66, thus propelling the share held by North America and Europe in the global PA66 fabric cord market
  • The PA66 fabric cord market in Asia Pacific is anticipated expand at a high growth rate during the forecast years due to a rise in vehicle production and sale in countries such as China, India, Japan, and South Korea. This rise in sale of vehicles boosts the demand for automotive components including tires, and airbags, which in turn drives the demand for PA66 fabric cord.

Key Players Operating in PA66 Fabric Cord Market

The global PA66 fabric cord market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the PA66 fabric cord market are:

  • Cerex Advanced Fabrics, Inc.
  • FORMOSA TAFFETA CO., LTD.
  • Kolon Industries Inc.
  • KORDÁRNA Plus a.s.
  • Kordsa Teknik Tekstil A.?.
  • Oriental Industries (Suzhou) Ltd.
  • Radici Partecipazioni SpA
  • SageZander
  • SRF
  • Yaolong Spunbonded Nonwoven Technology Co., Ltd

The growth of the global haptics technology market largely hinges on to advancements in electronic manufacturing. Integration of haptic technologies with digital devices and electronic systems has created new opportunities for market growth and expansion. The use of haptics spans into a wide range of industries including entertainment, military training, and other healthcare. Haptic sensors enable users to feel a sense of touch through discrete vibrations that run in tandem with the commands on an electronic device or system. Therefore, haptics technologies have caused formidable changes to the way people electronic devices. In view of these factors, it is safe to state that the global haptics technology market would grow by leaps and bounds in the years to follow.

In this review by Transparency Market Research (TMR), several important factors that reflect the growth dynamics of the haptics technology market have been expounded. The total worth of the global haptics technology market is rising alongside advancements in sensor-based systems and technologies. In addition to this, use of these technologies for providing premium assistance to disabled persons has also generated fresh demand across the global haptics technology market. The COVID-19 crisis has had a noticeable impact on the haptics technology market, mainly because research centers and manufacturing units witnessed a major setback to growth during the phase.

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Global Haptics Technology Market: Competitive Landscape

The large companies in the global haptics technology market are focused on developing haptic technologies that can assist visually impaired persons by providing alternative visual sensations. These sensations can also be given an audio route to help people with hearing impairments. This strategy of the vendors could help them gain the confidence of smart device manufacturers. Integration of haptics technology in smart devices can be a source of humongous utility for persons with impairments.

Development of haptic devices and technologies requires core research and development on the end of manufacturers. Therefore, continuous research and development has become a salient feature of the strategies adopted by the leading vendors. Some of the key players operating in the global haptics technology market are AAC Technologies Holdings, Inc., Haption SA, Densitron Technologies Plc, Johnson Electric Group, Tactus Technology Inc., and Maxim Integrated Products, Inc.

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Global Haptics Technology Market: Key Trends

The need for providing virtual reality experiences in gaming technologies and audio-visual theatres has brought haptics under the spotlight of attention. The use of haptic technologies in video games enables manufacturers to develop responsive gaming technologies. Several gaming product manufacturers have embraced haptics as a key component of their manufacturing architecture. Furthermore, haptic technologies are also used in personal computers and mobile devices, further emphasizing on the need for increased investments in the market. Other key areas related to haptics include robotics, simulators, teleoperators, aviation, and neurorehabilitation.

Use of haptic feedback on mobile phones and other smart devices has helped in delivering in enhanced experiences to users. These haptics notes help in providing information across smart devices with the use of touch sensors. Since this information is served in textual or graphical formats, its utility for the end-users is tremendous. Over the course of the next decade, haptics technology could become a part of several other electronic devices and systems. It is projected that the global haptics technology market would move along a lucrative growth track in the times to follow. Besides, the use of the technology to provide key information on display devices has given confidence to electronic manufacturers looking to integrate haptics in their products’ architecture.

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In the current market scenario of manufacturing, an Enterprise Resource Planning (ERP) system is inadequate to manage the whole manufacturing process efficiently. A modern-day ERP system manages production at a macro level, but without the strategic functions such as planning, scheduling, bottleneck visibility, materials distribution, and ordering. Advanced planning and scheduling (APS) software is deployed to fulfill the gap in strategic management. Advance planning and scheduling (APS) software is easy to integrate with multiple systems. For instance, PlanetTogether APS offers quick and simple integration with various systems such as:

  • Infor Fourth Shift
  • SAP – All In One, Business One (Fourth Shift and Production One)
  • Microsoft ERP – AX (365 for Operations) / NAV/ GP

Integration of advanced planning and scheduling (APS) software in the manufacturing process leads to increase in system downtime initially. This can hamper the global advanced planning and scheduling (APS) software market during the short-term forecast period. In several countries of Asia Pacific, production systems are not compatible with advanced planning and scheduling (APS) software. This can increase the cost incurred to the manufacturer during deployment of compatible systems in the organization.

Global Advanced Planning and Scheduling (APS) Software Market – Dynamics

Cost Competition

Competition among players operating in the global manufacturing sector has increased strongly in the past few years. Cost and production efficiency is the key to penetrate the market specifically in Asia Pacific, due to price-conscious consumer behavior. With China being the world-leading manufacturer of inexpensive products, the need to offer products at competitive prices has increased across industries. Deployment of advanced planning and scheduling (APS) software is expected to see highest opportunity in Asia Pacific to efficiently manage strategic functions such as planning, scheduling, bottleneck visibility, materials distribution, and ordering.

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System Integration and System Downtime Hampering the Global Advanced Planning and Scheduling (APS) Software Market

North America to Dominate the Global Advanced Planning and Scheduling (APS) Software Market

In terms of region, the global advanced planning and scheduling (APS) software market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global advanced planning and scheduling (APS) software market during the forecast period, as adoption of automated technology in manufacturing industry by SMEs and large enterprises is higher in this region compared to other regions.

COVID-19 Impact on the Global Advanced Planning and Scheduling (APS) Software Market

The COVID-19 pandemic is expected to adversely impact the global advanced planning and scheduling (APS) software market for a short-term period. This is attributable to lockdown in countries of Europe, North America, and Asia Pacific regions, which hold 75%–85% share of the global manufacturing industry as well as the global advanced planning and scheduling (APS) software market. The major usage of advanced planning and scheduling (APS) software is in manufacturing across different industries. The pandemic is projected to hamper the global advanced planning and scheduling (APS) software market until the 3rd quarter of 2021, due to the shutdown of manufacturing units across the globe.

Global Advanced Planning and Scheduling (APS) Software Market – Competition Landscape

  • In January 2020, Planning Board, a stand-alone scheduling module was launched by MIE Solutions. The integration of the module adds another tool in the toolbox of scheduling components to manage a job shop.

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MIE Solutions

Established in 2007, MIE Solutions is headquartered in Garden Grove, CA (the U.S.). It is a leading provider of production control software for the entire manufacturing sector. The company offers a variety of innovative enterprise and cloud-based software products for integration of business data, allowing organizations to make informed decisions for streamlining their business processes, and resulting in maximum efficiency and immediate ROI. The company currently serves customers in North America, Australia, New Zealand, Europe, Mexico, and South Africa.

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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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By directing RF signals where they are most required, smart antennas are projected to boost 5G capacity and coverage. Smart antennas also improve 5G service mobility and application by allowing for a more consistent connection, which might be especially valuable in 5G coverage gaps. However, while switching from 5G to LTE, a 5G-enabled customer’s experience might suffer. An array of possibilities that 5G technology is likely to offer is likely to widen the scope of growth of the global 5G smart antenna market in the near future.

5G cellular networks have the potential to improve several elements of wireless communications, including IoT system scalability, mobile services, and mission-critical communications’ reliability. A portion of these advantages will be based on the advancement of 4G LTE technology, as well as the distinctive possibilities allowed by 5G New Radio (5GNR), which is based on new infrastructure that supports millimeter wave (mmWave) RAN equipment.

In urban areas, 5G antennae will be available almost everywhere, yet this is likely not to be enough. While drastically expanded coverage will undoubtedly enable a number of early 5G applications, such as fixed wireless, it will not be sufficient to sustain constant 5G mobility coverage. Technological advancements in this field is estimated to boost global 5G smart antenna market in the forthcoming years.

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5G Smart Antenna Market – Introduction
  • 5G network is expected to improve wireless communication in many aspects such as enhanced mobile services, greater scalability for IoT (Internet of Things) systems, and reliable communication for mission critical applications
  • 5G provides users with a better experience and enables massive connectivity between people, between machines, and between people and machines. For this fast connection, fast antennas are required for easy communication of data and information.
  • 5G antennas require faster data speeds. According to the International Telecommunication Union (ITU), 1Gbit/s has been set as the standard data transfer rate
Increased Speed to Drive Global 5G Smart Antenna Market
  • 5G smart antennas offer faster mobile broadband speed and extensive data transfer. It opens up new opportunities for retailers with the potential to reach speed of 10Gbps with minimal latency and pervasive connectivity.
  • Manufacturers continuously engaged in developing smart antennas to fulfill the growing needs of consumers using 5G network, equally contributes to the growth of the 5G smart antenna market
Increasing Application of 5G Smart Antennas in Automotive Industry
  • With the implementation of 5G networks, issues related to traffic congestion and collisions are likely to be sorted through 5G smart antennas used in vehicles
  • 5G smart antennas enable direct vehicle to vehicle communication by surpassing the network to avoid traffic congestions and any delays. 5G network is expected to increase the communication between vehicles and city infrastructures.
  • These applications of 5G smart antennas in the 5G network is anticipated to aid the growth of the 5G smart antenna market.

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North America to Lead the Global 5G Smart Antenna Market

  • In terms of region, the global 5G smart antenna market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America is anticipated to hold significant share of the global 5G smart antenna market during the forecast period. It is estimated to be followed by Europe due to increasing automotive applications in the region.
  • The 5G smart antenna market in Asia Pacific is projected to expand at a rapid pace, led by growth in various applications. The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high potential for the 5G smart antenna market. 

Key Players in Global Market

  • Prominent players operating in the global market are focusing on technological developments and expansions to meet the rising demand for 5G smart antennas. Key players operating in the global 5G smart antenna market include:
  • Ericsson AB
  • Huawei Technologies Co. Ltd
  • Keysight Technologies
  • Mitsubishi Electric Corporation
  • National Instruments
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co., Ltd.
  • ZTE Corporation
  • NEC Corporation
  • Nokia Corporation

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According to the report, the global NEV taxi market is projected to surpass US$ 29.2 Bn by 2031, expanding at a CAGR of 26.64% during the forecast period. NEV (New Energy Vehicle) taxi, also called electric taxi, is either fully or partially powered by electricity. The term ‘NEV’ is used by the Government of China for electric vehicles. Rising transportation pollution needs a complete solution that can curtail pollution, which is provided by a NEV taxi. The adoption of NEV taxi is also projected to reduce the running and maintenance cost of the taxi, which, in turn, is anticipated to propel the NEV taxi market during the forecast period.

Rise in concerns about tail pipe emissions has led the transportation regulatory authorities of various countries to enforce stringent laws end emission norms to control pollution levels. These regulatory transformations are encouraging automakers and customers to opt for environment-friendly vehicles, thus fueling the NEV taxi market across the globe.

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Expansion of NEV Taxi Market

Automakers are constantly revamping their electric vehicle offerings by the incorporation of latest technologies related to driver safety, vehicle autonomy, and infotainment. Furthermore, automotive component manufacturers are designing products specifically for electric vehicle application. Increase in technological advancements in electric vehicle and its components are expected to cater to most of the demands of taxi fleet operators, thus propelling the global NEV taxi market in the near future.

Based on NEV type, the hybrid electric vehicles segment dominated the global NEV taxi market. Most mega metropolitan cities have stared adopting hybrid taxis in order to curb pollution levels. Higher availability of hybrid car models for taxis, such as Toyota Prius, Toyota Prius+, Hyundai IONIQ, Toyota Camry Hybrid, Honda Clarity, Ford C-Max, and Ford Fusion are fueling the demand for hybrid electric vehicles in the market.

Based on vehicle sub-type, hatchback and sedan are lucrative and expanding segments of the NEV taxi market. The hatchback segment accounted for a prominent share of the market. This is majorly due to the higher demand for low-cost electric vehicles, supplemented with increased incentive on EV purchase. Additionally, low travelling taxi fare of the hatchback taxi is anticipated to boost the segment of the market during the forecast period. In terms of ownership, the company owned segment leads the NEV taxi market. This is primarily due to the expansion of the app-based taxi service industry around the world supplemented with the expansion of existing taxi service operators across the globe and their mergers with automakers in order to enlarge their taxi fleets.

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Regional Analysis of NEV Taxi Market

In terms of region, the global NEV taxi market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific led the global NEV taxi market, and it is anticipated to maintain its dominance during the forecast period. High market share held by the region can be primarily attributed to the expansion of the electric vehicle industry in the region, especially in China, Japan, India, and South Korea. China holds a major share of the market in Asia Pacific. The country is considered as a global leader in the electric vehicle industry, and accounts for a significant number of electric vehicles and electric charging infrastructure around the world. China held a prominent share of the market in Asia Pacific in 2020. It is projected to maintain its dominance during the forecast period. Furthermore, numerous governing bodies in countries in the region have formulated emission regulations and policies in order to curtail emission level and prompt the shift in preference from existing vehicles to NEVs. This is a prime factor that is projected to drive the NEV taxi market in Asia Pacific during the forecast period.

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NEV Taxi Market Players

Prominent players operating in the global NEV taxi market include Daimler AG, AB Volvo, BYD Auto Co., Ltd., Mahindra and Mahindra Limited, Toyota Motor Corporation, BMW AG, Ford Motor Company, Honda Motor Co., Ltd., TATA Motors, Nissan Motor Corporation, Volkswagen, General Motors Company, Hyundai Motor Company, London Electric Vehicle Company, BAIC Motor Corporation., Ltd, Changan Automobile Company Limited., Beiqi Foton Motor Co., Ltd., JAC Motors, Tesla, Inc., and Groupe Renault.

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Transparency Market Research delivers key insights on the global wavefront sensor market. In terms of revenue, the global wavefront sensor market is estimated to expand at a CAGR of ~25% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global wavefront sensor market.

A wavefront sensor is a device used for measuring the aberrations of an optical wavefront. Wavefront sensors are used in consumer, biomedical, military & defense, and industrial & manufacturing end-use industries, and in communication fields to measure the wavefront distortion in camera lenses, head-mounted displays, 3D printing, and free-space optical communication, among others. Wavefront sensors are largely used in biomedical microscopy to diagnose individual cells accurately. Thus, the demand for wavefront sensors is projected to rise across the globe in the near future with the growing trend of making novel biomedical microscopes and camera lenses to perform operations precisely, quickly, and safely. The adoption of technologically advanced, accurate wavefront sensors has increased in the military & defense sector with the introduction of new technologies and innovations, thereby creating lucrative opportunities for the global wavefront sensor market.

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The global wavefront sensor market has been broadly segmented into type and end-use industry. Based on type, the market has been divided into Shack-Hartmann wavefront sensor, wavefront curvature sensor, pyramid wavefront sensor, common path interferometer, and multilateral shearing interferometer. Based on end-use industry, the market has been segregated into consumer (head-mount displays, camera lenses, and others), biomedical (ophthalmology, biomedical microscopy, cell analysis, and others), military & defense (laser defense system, biometric security, surveillance, and others), industrial & manufacturing (precision manufacturing, machine vision, 3D printing, and others), and communication & others (free-space optical communication, sensing, and others). Among types, the Shack-Hartmann wavefront sensor segment holds significant market share and is anticipated to expand at a rapid pace during the forecast period. This can be attributed to significant use of Shack-Hartmann wavefront sensors in biomedical microscopy, biometric security, and surveillance applications.

Wavefront Sensor Market: Dynamics

The use of wavefront sensors in medical microscopy plays a vital role in scientific research studies in multiple universities across the globe. For instance, a team of scientists at the Hong Kong University of Science and Technology developed an adaptive optics two-photon excitation fluorescence microscopy for high-resolution in vivo fluorescence imaging of mouse retina by using direct wavefront sensing.

Fluorescence microscopy is useful to study the properties of organic or inorganic substances accurately and effectively. Thus, adoption of wavefront sensors in biomedical microscopy is significantly high, which is expected to drive the global wavefront sensor market during the forecast period.

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In recent decades, the semiconductor industry has undergone multiple changes; among these, miniaturization in semiconductor technology has made a significant contribution to the success of modern electronics in many fields. Digital Light Processing (DLP) is a 3D printing process, and a type of vat polymerization where a projector is used to cure photopolymer resin. DLP 3D printers have faster build speeds due to a single layer being created in one singular digital image. In September 2018, Sprybuild, a Ukrainian 3D printing startup developed and filed a patent for a new continuous DLP 3D printing technology called CPWC (Continuous Production with Wavefront Converting), which is used to build the fastest DLP 3D printers in the world. Thus, rise in the use of faster build speed DLP 3D printers has spurred the demand for wavefront sensors, which is expected to bolster the growth of the market during the forecast period.

Wavefront Sensor Market: Prominent Regions

According to regional analysis, North America is the dominant region of the global wavefront sensor market. The growth of the market in the region can be attributed to the significant manufacturing capability of players operating in the North America market to produce wavefront sensors for military & defense and biomedical applications. The U.S. has proved to be the most diversified and dynamic market. A majority of Shack-Hartmann wavefront sensors is used in the biomedical sector for biomedical microscopy and ophthalmology applications; this is anticipated to drive the wavefront sensor market in North America in the next few years.

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The U.S. held a major share of the North America wavefront sensor market, in terms of revenue, followed by Canada, in 2019. However, in terms of revenue, the market in Mexico is anticipated to expand at a substantial CAGR during the forecast period. Europe is focusing on the adoption of wavefront sensors in order to strengthen its biomedical, consumer, and industrial & manufacturing sector. Germany is home to several well-established players that design and offer wavefront sensors. Thus, rising demand for wavefront sensors in biomedical, consumer, and industrial & manufacturing sectors is anticipated to boost the wavefront sensor market in Europe during the forecast period. The wavefront sensor market in Asia Pacific is estimated to witness prominent growth during the forecast period. The market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

Wavefront Sensor Market: Key Players

Key players operating in the global wavefront sensor market include Active Optical Systems, Boston Micromachines Corporation, Canon Inc., Carl Zeiss Meditec AG, Celestron LLC, IRIS AO, Inc., Northrop Grumman Corporation, Olympus Corporation, PHASICS CORP., Raytheon Company, Sacher Lasertechnik Gmbh, and Thorlabs, Inc.

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Transparency Market Research delivers key insights on the global electrical safety products market. In terms of revenue, the global electrical safety products market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global electrical safety products market.


The global electrical safety products market is affected by several factors, including rising concerns regarding employee safety across various end-use industries and development of the power utility sector. Thus, expanding application of electrical safety products in different sectors is propelling the global market for electrical safety products.


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Electrical Safety Products Market: Prominent Regions

Asia Pacific dominates the global electrical safety products market with China in the dominating position despite market slowdown. The U.K is an attractive market in Europe, while Germany is expected to be the largest market. In South America, Mexico is opening doors for new opportunities. The electrical safety products market in Middle East & Africa is set to grow at a moderate rate due to various global events lined up in the upcoming years. The electrical safety products market is projected to be driven by increasing safety concerns coupled with large scale projects in all geographies.


Asia Pacific is the biggest and fastest growing market for electrical safety products. Asia Pacific being a mix of developed and developing countries is likely to provide better opportunities for the electrical safety products market during the forecast period. Economic growth and high demand for electricity has increased the demand for offshore exploration and production in the region.

Germany is the largest electrical safety products market in Europe and is set to maintain its dominance during the forecast period. Germany’s power grid ranks among the most reliable in the world despite rapid expansion of renewables. Germany has planned to install new transmission lines between northern and southern Germany, which is expected to be completed by 2025.


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The primary energy demand in Middle East & Africa is likely to rise at an annual rate of 1.9% through 2035, requiring a significant increase in generating capacity. The consumption of electricity in Saudi Arabia has been increasing steadily since the last few decades. The electricity market in Saudi Arabia is showing an accelerated growth rate, which can be attributed to higher consumption rates in commercial, industrial, and private sectors. Initiatives to upgrade existing infrastructure and development of smart grids is projected to drive the electrical safety products market in the region during the forecast period.


Electrical Safety Products Market: Competition Landscape

Detailed profiles of providers of electrical safety products have been given in the report to evaluate their financials, key product offerings, recent developments, and strategies. Key players operating in the global electrical safety products market are Aktywizacja, Ansell Ltd., BSD GmbH, Bulwark, Charnaud, Chicago Protective Apparel, Cintas Corporation, COFRA S.r.l., Dupont, Emdesa, Enespro PPE, Fameca/SF Electric, Hastings, Hetsa, Honeywell International, Inc., Hubbell, Lakeland Industries, MSA safety, National Safety Apparel, Novax, Oberon, OEL, Paulson Manufacturing Corporation, Pfisterer, POPGRO s.r.o., ProGARM, Rauckman, Raychem RPG Ltd., Regeltex, Schneider Electric, Secura B.C., Shanghai C&G Safety Co., Ltd., Sicame, Sofamel, Stanco Safety Products, Strata-protection, TaraSafe, Terex, Thermaxx Jackets, Tianjin Shuangan Labor Protection Rubber Co., Ltd, UVEX Safety Group Gmbh, YOTSUGI CO., LTD., and Youngstown Gloves.


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 Transparency Market Research delivers key insights on the global flexible workspace market. In terms of revenue, the global flexible workspace market was valued over US$ 6.3 Bn in 2019. It is expected to expand at a CAGR of 15.9% from 2020 to 2030, reaching US$ 31.5 Bn by the end of the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global flexible workspace market.  


The global flexible workspace market is broadly affected by several factors, including usage of premium latest infrastructural capabilities in flexible workplace or corporate houses by enterprises, and increase in awareness about flexible workspaces among enterprises. Thus, expanding application of flexible workspaces in different sectors is propelling the global market for flexible workspace.


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Flexible Workspace Market: Dynamics

The adoption of new technologies and business strategies to reduce expenses of the enterprises is a growing trend. Companies are changing their business policies to expand and consolidate their position in competitive market conditions. Companies are also increasingly adopting flexible workplaces instead of traditional workspaces. They invest in the maintenance of IT infrastructure and systems in a traditional workspace; however, flexible workspace helps companies reduce overhead cost of maintenance, enable seamless networking and connectivity, and maintain cost-effective office space as per the team size.

Startups and small & medium size enterprises are majorly adopting flexible workplace solutions to manage the initial cost of businesses and offer scalability in workplace solutions to increase their team size. Increasing awareness about flexible workspaces among enterprises is estimated to boost the demand for flexible workspace solutions during the forecast period.


Flexible Workspace Market: Prominent Regions

The flexible workspace market in North America is expected to expand during the forecast period, owing to presence of key market players, technological advancements, and growth of consumer spending in outsourced workspace solutions in the region. The flexible workspace market in Europe is projected to witness favorable growth during the forecast period, due to significant rise in industrial investment in flexible workspaces and increasing number of flexible workspace service providers in major countries such as the U.K. and Germany.


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The Asia Pacific flexible workspace market is expected to be fastest growing during the forecast period, owing to the presence of a large number of players in the flexible workspace sector and increasing adoption of flexible workspaces among small and medium size businesses.


Flexible Workspace Market: Key Players

Key players operating in the global flexible workspace market include BE Offices Limited, Bizspace Limited, Flexspace, Fora Space Ltd., IWG plc., JustCo, OfficeRnD Ltd, Servcorp Limited, Space&Co., Spaces, The Great Room Offices, The Working Capitol, Victory Offices Limited, WeWork Companies Inc., and WOTSO Limited.


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The expanding popularity of decentralized workplaces, modernization, technology advancements, and others will bring tremendous growth prospects for the intelligent virtual assistant market during the assessment period of 2020-2030.


Conversational AI has become one of the most sought-after technologies across many sectors and businesses. The utilization of artificial intelligence to enhance service offerings and provision of better speed to the clients will bring exponential growth for the intelligent virtual assistant market.

Intelligent virtual assistants, also known as digital employees and virtual agents, enable businesses or government entities to engage with customers in conversationally. The conversations are conducted by the bots but in a human-like manner. The benefits associated with intelligent virtual assistants will sow the seeds of growth.


Large companies such as Google and BMW are investing exponentially in the adoption of intelligent virtual assistants. The use of these technologies by the consumers on a large scale is prompting many companies to adopt them on a massive scale. This factor brings immense growth opportunities for the intelligent virtual assistant market.


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An intelligent virtual assistant is different from chatbots software as the bots are generally scripted and do not have the potential to understand varied intents. As compared to chatbots, intelligent virtual assistant have many features that make conversations more efficient and accurate. Thus, these aspects will bring extensive growth for the intelligent virtual assistant market.


Transparency Market Research’s (TMR’s) research report on the intelligent virtual assistant market has every component that will assist the stakeholder in understanding the current scenario. The overall market research survey on intelligent virtual assistant by TMR suggests a good growth period.

According to the TMR experts, the market for intelligent virtual assistant is prognosticated to expand at 33 percent CAGR during the assessment period of 2020-2030. In the context of valuation, the intelligent virtual assistant market will reach a valuation of US$ 50.9 bn by 2030, the end year of the forecast period, and was valued at US$ 2.9 bn in 2020.


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Popularity of Work-from-Home Mechanism and Integration across Various Applications to Boost the Growth of the Intelligent Virtual Assistant Market

With the pandemic disrupting the workplace culture and forcing the adoption of remote work around the globe, new dimensions and challenges were introduced in the overall working process. Thus, to adjust with the current situation, numerous technology types are being implemented. One of them is the intelligent virtual assistants. These assistants are helping employees and employers to connect more efficiently.


The assistants help in enhancing meeting experiences and boost productivity by automation of tasks, including note-taking, transcription, and follow-on action item management. These factors have a large impact on the growth of the intelligent virtual assistant market. The overwhelming adoption of intelligent virtual assistants across many organizations and companies will bring immense growth prospects. Furthermore, the integration of these assistants into various applications in the workplace will also invite positive growth.


Federal Agencies and Government Offices Making Use of Intelligent Virtual Assistants to Develop a Good Bond with Citizens

Often, discussing a query or problem with government officials or federal employees is difficult for the citizens of a respective country as the volume of complaints or grievances they address is extensively high. This aspect creates a sense of dissatisfaction among the citizens about the operational capabilities of the government.


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To avoid criticism from the citizens and to improve the reach of their services, many government departments are adopting intelligent virtual assistants to address the queries of the citizens at a faster pace. According to TMR’s industry analysis on intelligent virtual assistant, these factors will enhance the growth prospects to a considerable extent.


Intelligent Virtual Assistant Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global intelligent virtual assistant market. Key players profiled in the report include Amazon Web Services, Anboto Group., Apple Inc., Artificial Solutions Ltd., Baidu , CodeBaby Corp., Creative Virtual Ltd., CX Company, eGain Communications Corp., Inbenta Technologies, IntelliResponse Systems Inc., Next IT Corporation, Nuance Communications Inc., Samsung Electronics, Sony Corporation, Speaktoit Inc., Uniphore Software Solutions Pvt. Ltd., Voicebox Technologies Corp, and VoiceVault Inc.


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The global audio and video editing software market is projected to reach ~US$ 3 Bn by 2030. The audio and video editing software market is projected to expand at a CAGR of ~7% from 2020 to 2030. Increasing demand for content optimization software is driving the growth of the market.


Audio and Video Editing Software: Market Segmentation

The global audio and video editing software market has been segmented in terms of component, device, deployment, end use, and region. Based on component, the market has been segmented into solution and services. Solution is further divided into audio and video. Services has been segmented into professional and managed. Professional services is further segmentation into installation, and support & maintenance. Based on device, the market has been segmented into desktop/laptop, and mobile. Based on deployment, the market has been segmented into cloud and on-premise. In terms of end use, the market is segregated into live broadcasting, and media & entertainment. Media & entertainment has been further segmented into cinema/TV shows, news, gaming, advertisement, sports, and others.


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The global audio and video editing software market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of audio and video editing software were analyzed based on device and technology providers in the market.


Audio and Video Editing Software Market: Regional Outlook

North America is expected to dominate the audio and video editing software market during the forecast period. The audio and video editing software market in Asia Pacific is expected to witness growth. The market in Middle East & Africa, Europe, and South America is also expected to expand rapidly during the forecast period.


The report provides in-depth segment analysis of the global audio and video editing software market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the audio and video editing software market.


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Audio and Video Editing Software Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global audio and video editing software market. Key players profiled in the report include Adobe, Inc., Apple, Inc., Autodesk, Inc., Avid Technology, Inc., Corel Corporation, CyberLink Corp., HairerSoft, iZotope, Inc., MAGIX Software GmbH, Microsoft Corp., NCH Software, PreSonus Audio Electronics, Inc., Sony Corporation, and Steinberg Media Technologies GmbH.


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