The Stevia Market is expected to account for around 15% of the overall sweetener market by 2020.

Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the global stevia market in its recent report titled, “Global Stevia Market – Market Analysis and Opportunity Assessment, 2014 - 2020”. According to the report, the global stevia market is projected to grow at a single-digit CAGR during the forecast period, accounting for US $ 565.2 Mn by 2020. Shifting consumer preference for natural sweeteners is a major factor driving growth of this market. Additionally, stevia extracts are finding increasing application in soft drinks and juices, ice creams and various other products. This is attributed to its high-intensity natural sweetness properties. Due to these factors, share of the stevia market is expected to account for around 15% of the overall sweetener market by 2020.

The global stevia market is sub-segmented on the basis of type into liquid, powdered and leaf form. The powdered stevia sub-segment is projected to account for around 65.4% share of the total stevia market by 2020, owing to ease of availability and use. The liquid stevia sub-segment on the other hand, is expected to record a CAGR of around 9.0% during the forecast period.

Browse Full: "Stevia Market - Global (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East & Africa) Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-stevia-market

All forms of stevia extracts are extensively used in end-use industries such as dairy, bakery, confectionery, beverages, packaged food, snacks and others. Increasing introduction of products with stevia-based sweetener ingredients in various end-use industries is expected to bolster growth of the global stevia market by 2020. Increasing popularity of such products owing to growing modern retail, urbanization, awareness and health concerns and changing preferences among consumers are major factors driving growth of this market.

Apart from application in the food and beverages industry, introduction of products with stevia-based sweeteners across end-use industries such as bakery and confectionery is expected to bolster growth of the global stevia market by 2020. Furthermore, the global stevia market is driven by the need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, increasing product visibility in urban areas and approval by the U.S. Food and Drug Administration (FDA) for rebaudioside A as an ingredient in food products in European countries.

FMI analyst Vipassa K sheds light on why stevia extracts will become a mainstream ingredient in the global food and beverages industry in the near future. “Increasing demand for alternatives to synthetic or artificial sweeteners due to health concerns, coupled with rising demand for plant-based sweeteners is projected to fuel growth of the stevia market over the next five to six years,” she said.

Inquire Before buying the Report @ http://www.futuremarketinsights.com/askus/REP-GB-38

Furthermore, use of stevia extracts with other ingredients such as monk fruit as a blend to be used in various food and beverage products and increasing consumer preference for products with natural ingredient is a key trend expected to drive growth of the stevia market at a significant single-digit CAGR during the forecast period.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.

Contact

3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: Future Market Insights

Produced Water Treatment Systems Market is estimated to Grow at a robust CAGR of 6.1% during the forecast period.

Future Market Insights (FMI) announces the release of its new research report titled “Global Produced Water Treatment Systems: Market Analysis and Opportunity Assessment 2014–2020". FMI forecasts that growth in the global produced water treatment systems market will open up opportunities for mobile rental system operators and companies that rent out equipment specific to this industry in the near future. This report provides a detailed collation of market data, and offers a snapshot of 2013 market conditions. According to this report, the market for produced water treatment systems is estimated to grow at a robust CAGR of 6.1% during the forecast period.

Offering some insight into the geographical distribution of the market, AbhishekS. said, “North America is the dominant regional segment in the global produced water treatment systems market, thanks largelyto the high revenue generated by the U.S.The North American market accounts forover one-third of the global market.”North America’s share in the global market is expected to increase during the forecast period.Markets in Asia Pacific and Europeare also expected to expand during the forecast period.

Browse Full "Produced Water Treatment Systems Market - Global (North America, Europe, Asia Pacific, MEA and Latin America) Market Size, Market Segments, Share, Growth, Trends and Forecast 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/produced-water-treatment-market

Stringent environmental norms governing the disposal of produced waterin North America are responsible for the dominant market share of this region.Treatment of produced water is mandatory in North America and Europe, resulting in these regions accounting for higher market shares compared to others.

Produced water reinjection is becoming the norm in the petroleum industry. In 2014 alone, 201.4 billion barrels of produced water were generated from oil and gas wells across the globe. Of these, 136.9 Bn barrels were disposed of, and over 65Bn barrels were re-injected into oil fields, both onshore and offshore.According to Abhishek, the increased generationof produced water is due to the fact that pre-existing oil wells areageing.

“As oil wells become older, oil production begins to drop and more produced water is re-injected to help sustain production,”Abhishek stated, adding, “Produced water volumes are expected to rise to over 340Bn barrels by 2020.” Reinjection of produced water, in both onshore and offshore wells, is expected to grow at a double-digit CAGR from 2014 to 2020.Consequently, American oil wells, most of which are old, will be the prime drivers of the market till 2020.

Three types of technology are used in produced water treatment systems: primary, secondary and tertiary. Of these, the secondary treatment systems held the dominant share in the market in 2013. However, tertiary treatment systems are expected to grow at the fastest CAGR during the forecast period. The technology used to treat saline produced water generated offshore will also emerge as a strong contender in the near future.

Refining research query: http://www.futuremarketinsights.com/askus/REP-GB--86

The emergent technology in the produced water treatment systems market will have to be more sophisticated, or customised todealwith produced water that is more contaminated. Consequently, the leading players in the global produced water treatment systems market are opting for patented, tertiary and innovative technologies. This is a key trend likely to drive growth of the global produced water treatment systems market.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services which are personalised in nature. FMI delivers a complete packaged solution, combining current market intelligence, statistical anecdotes, technology inputs, valuable insights into market growth patterns, a bird’s-eye view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.

Contact

3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com

Website: Future Market Insights

Digital Transformation Market - Global market segments, market dynamics, market size, market trends, opportunity, share and forecast 2020

Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the Middle East and North Africa (MENA) digital transformation market in its recent report titled “MENA Digital Transformation Market – Market Analysis and Opportunity Assessment, 2014 – 2020”. The MENA IT market is anticipated to grow at a single-digit CAGR during the forecast period. In contrast, the MENA digital transformation market is expected to expand at a double-digit CAGR from 2014 to 2020. The contribution of the MENA digital transformation market to the overall MENA IT market is likely to increase from 10% to 16% by 2020, witnessing an increase of 600 BPS.

Growth of the MENA digital transformation market is mainly driven by increasing need for enhanced customer experience at all levels of customer interaction points and improvised process transparency in enterprises across the countries in this region. Moreover, countries such as the UAE, Saudi Arabia and Lebanon are increasingly introducing eGovernment and smart city initiatives, with the objective to transform themselves into digitally-enabled countries. This is further supporting growth of the MENA digital transformation market.

Browse Full "Digital transformation market - Saudi Arabia, Qatar, UAE, Oman, Kuwait, - North Africa, GCC (Gulf Cooperation Council), other Middle Eastern countries, MENA" Report at http://www.futuremarketinsights.com/reports/details/mena-digital-transformation-market

Summing up drivers behind growth of the market, FMI analyst Vineet Kumar sheds light on why digital transformation will become mainstream technology in MENA in the near future. “Digital transformation across all verticals has become increasingly relevant due to increasing emphasis on enterprise mobility and smart technology enablement. Furthermore, digital transformation technologies are transforming organization’s business models, value chains, ecosystem as well as revolutionizing interactions with customer through online platforms, social media and mobile devices”, he said.

This report covers two types of digital transformation offering, namely digital services and digital software. Digital services accounted for over half of the MENA digital transformation market share in 2014; however, this is expected to decrease by 70 BPS by 2020.

“Growing Internet penetration and social media usage in the Middle East and North Africa is expected to drive the demand for digitalization of software and services at a double digit CAGR between 2014 and 2020”, Vineet Kumar said while commenting on the increasing deployment of advanced technologies in small/medium sized businesses across MENA region.

This report also covers the 10 types of end-user verticals in the MENA digital transformation market. Among the end-user verticals, banking, financial services and insurance (BFSI) and public sectors dominated with over 40% share of the MENA digital transformation market in 2013. Service, retail, energy and utility sectors are the other major sub-segments among the end-user verticals. However, the media & entertainment sector is anticipated to exhibit the fastest CAGR during the forecast period, followed by the retail sector. This growth is attributed to the shift from print to digital media, increasing penetration of smartphones and changing consumer buying habits.

Ongoing infrastructural modernisation across major GCC and North African countries in MENA region in terms of digitisation is increasing the acceptance of digital software and digital services; not only by large- and medium-, but also by small-sized enterprises. Currently, Saudi Arabia is dominating the market with over one-third share of the overall MENA digital transformation market, followed by the UAE and Algeria, which account for over 10% share each. However, among all the GCC countries, the digital transformation market in Qatar is expected to grow at a significant double-digital CAGR over the forecast period.

Key players in the MENA digital transformation market continue to innovate by including advanced features into digital technology solutions. Additionally, major participants such as IBM, Accenture and Deloitte have been focusing on mergers and acquisitions at a global level in order to expand their geographical presence and enhance customer base.

Helping in making final purchase: http://www.futuremarketinsights.com/askus/REP-GB-39

Advanced technology adoption, changing consumer buying pattern and product innovation are some of the trends in MENA region. Presence of cloud computing, big data analytics and enterprise mobility is gradually gaining traction in MENA region.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.

Contact

3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: Future Market Insights 

Construction Chemical Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Future Market Insights (FMI) released a new report titled “India Construction Chemical Market – Market Analysis and Opportunity Assessment, 2014-2020”. According to the report, the Indian economy has grown impressively during the last decade; doubling at least during this time. Infrastructure development, and consequently the construction sector were given prime focus during this period. Value-wise, the contribution of the construction sector to India’s GDP increased from 6.1% in 2002–03 to around 6.9% in 2006–07, and is further estimated to account for approximately 9% in 2015. Furthermore, growth in the construction sector has remained healthy, and during the last five year has been growing at a Y-o-Y of over 10%.

Focus on physical infrastructure was quite apparent with the government initiated high-investment programmes such as National Highways Development Programme (NHDP) and Pradhan Mantri Gram SadakYojana (PMGSY). Private companies on the other hand concentrated on industrial, commercial and residential infrastructure during this time. Major investment coupled with rapid growth in the construction sector and demand for sustainable construction considerably increased the demand for construction chemicals. Despite the fact that the use of construction chemicals increases the cost of a project, it also renders multi-fold benefit to the structures and consequently the investors.

Browse the full "India Construction Chemical Market Analysis & Opportunity Assessment, 2014 - 2020" report at http://www.futuremarketinsights.com/reports/details/india-construction-chemical-market

Various initiatives and regulations catalysed the Indian construction chemicals market such as projects funded by Asian Development Bank (ADB) mandating the use of construction chemicals under stipulated guidelines. The concept of green buildings, promoted by the Indian government, is another critical factor spurring the demand for construction chemicals in India.

The construction chemicals market in the country reached US $ 528 Mn in 2012, as a result of the cumulative impact of economic and infrastructure development, demand for commercial and residential spaces, government initiatives and vertical growth in urban India. The market is estimated to be worth around US $ 728 Mn in 2014, reporting a Y-o-Y growth of 17.4% over 2013. Admixtures, flooring chemicals, waterproofing compounds, adhesives and sealants and repair and rehabilitation are five major segments in the industry. Of these, admixture is the largest segment, accounting for around 40% of the total market in terms of value. The market for admixtures is projected to surpass US $ 800 Mn by 2020, registering an average growth rate of 17.5%. However, waterproofing compounds is projected to register the highest growth rate of 22.6% throughout the forecast period. Among all segments, growth in repair and rehabilitation is anticipated to remain low, as the concept of renovation of old constructions is yet to pick up pace in Indian cities.

Essien Jae, lead consultant at FMI said, “Demand for construction chemicals in India is subject to variations across various sectors and regions. In 2013, construction chemicals consumption in industrial & public infrastructure construction amounted to around US $ 378 Mn, which was roughly 60% of the total market. The commercial and residential sector accounted for the remaining contribution of the total construction chemicals market value.” He further added, “The concept of using construction chemicals has been limited to Western and Southern India, but is gradually picking up in Northern India, especially for construction activities in the National Capital Territory (NCT) of Delhi”.

Quick response time: India Construction Chemical Market

In terms of competition, the participants in the Indian construction chemicals market are large multinational players, medium and large domestic players and regional players. The large multinational players account for the largest market share, followed by major domestic players and regional players. As entry barriers are very low, small or regional players have entered the market and currently account for a fairly decent market share.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports, and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

Email: sales@futuremarketinsights.com
Website: Future Market Insights

Oral Care Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Future Market Insights (FMI) in its latest offering, “BRICS Oral Care - Market Analysis and Opportunity Assessment, 2014–2020”, provides in-depth analysis and strategic recommendations on the BRICS (Brazil, Russia, India, China and South Africa) oral care market. Personal care includes categories such as skin care, hair care, cosmetics, oral care and toiletries. The global oral care market represents 15% of the personal care market in 2014, and is expected to account for almost 20% of the overall market by 2020. Organised retailing, rising per capita income, increasing consumer spending on personal care products and consumer preferences for value-added products are some of the factors contributing to growth of the BRICS personal care market. The BRICS region represents a major segment of the global market.FMI forecasts that the overall oral care market in BRICS will grow at a moderate single-digit CAGR between 2014 and 2020.

Product-wise, the BRICS oral care market is broadly segmented into primary oral care and secondary oral care products. The primary oral care products segment comprises toothpaste and toothbrush. The secondary oral care products segment includes dental floss, mouthwash, denture care and others. The others segment includes whitening strips, dental chewing gums and mouth fresheners.

Browse the full "Oral Care Market - BRICS Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report at http://www.futuremarketinsights.com/reports/details/brics-oral-care-market-opportunity-assessment

“Increasing consumer awareness with regard to better oral hygiene is the primary driver of the overall BRICS oral care market. Furthermore, dentist recommendations for adoption of various-related products is projected to lead to a shift in consumer preference from basic oral care products to secondary oral care products in the coming years,” said Vipassa.K

Growing awareness about better oral hygiene opens up ample opportunities for international players operating in the BRICS oral care market to introduce enhanced and innovative products, further increasing competition among the players in this region. This has led key players to adopt various approaches to increase product visibility in modern retail formats, coupled with branding and advertisement to sustain in the competitive oral care market in BRICS. As a result, demand for secondary oral care products in BRICS is expected to increase considerably between 2018 and 2020.

Product-wise, toothpaste, in the primary oral care product segment currently dominates the BRICS oral care market and is expected to grow substantially between 2014 and 2020. This growth can be attributed to the fact that the BRICS region consists of emerging nations and awareness of basic oral hygiene is currently growing rapidly, supported by product launches in the region. Hence, consumers are demonstrating greater demand for primary oral care products such as toothpaste and toothbrush, as compared to that for secondary oral care hygiene products in these nations.

Furthermore, dentist recommendations will add to the rising consumer awareness about secondary oral hygiene products towards the end of the forecast period. This will result in growing preference for mouthwash, thereby driving the demand for this product category among the expanding middle-class population in the BRICS. Thus, secondary products in the BRICS oral care market such as mouthwash and dental floss will demonstrate an above-average annual growth percentage.

Some other factors such as adoption of digital marketing and introduction of product variants at affordable prices are also expected to contribute to growth of the BRICS oral care market. Research results reveal that in 2013, the top key distribution channels, which are general merchandise retailers and direct selling, accounted for around 50% share of the BRICS oral care market.

Providing samples and summaries: Oral Care Market

Players in the BRICS oral care market are widening their distribution channels and strengthening partnerships across the value chain to enhance profitability and increase adoption of oral care products in the region.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

Email: sales@futuremarketinsights.com
Website: Future Market Insights

Bio-based Biodegradable Plastics Market - Global (Western Europe, North America, Asia-Pacific, Latin America, Eastern Europe and Middle East & Africa (MEA)) Market Size and Forecast, 2012-2020

Bio-based Biodegradable Plastics Market Trend, Size, Share, Opportunity, Growth and Forecast : Global Industry Analysis, Overview, Research and Development 2014-2020 | Future Market Insights

London, January 13, 2015 : London-based market research and consulting firm, Future Market Insights (FMI), in its latest report titled “Global Bio-based Biodegradable Plastics Market Analysis and Opportunity Assessment, 2014-2020”, states that the global bio-based biodegradable plastics market is expected to demonstrate a double-digit CAGR during forecast period 2014-2020.

Global penetration of biodegradable and bio-based biodegradable plastics is currently significantly lower in comparison to traditional fossil fuel-based plastics. Of the 300 Mn metric tonnes of plastics consumed in 2013, biodegradable plastics accounted for 0.21% of the total consumption. The total consumption of bio-based biodegradable plastics was 591,000 metric tonnes in 2013, accounting for 0.1% share of the total global plastics consumption.

Essien Jae, Lead Consultant at FMI said, “Consumption of bio-based biodegradable plastics is substantially low compared to fossil fuel-based plastics, but this is expected to grow rapidly over the next five years. By 2020, the total revenue of the global bio-based biodegradable plastics market is expected to grow two and half times as compared to 2014”.

Read the full report at@ Global Biodegradable Plastics Market

Regional Bio-based Biodegradable Plastics Markets to Demonstrate an Impressive CAGR till 2020
Europe leads the global bio-based biodegradable plastics market, followed by North America. The two major markets contributed approximately 70% to the global bio-based biodegradable plastics market revenue in 2014. The European bio-based biodegradable plastics market is relatively mature due to early adoption of these materials compared to other regions.

North America is the second-largest market and is estimated to demonstrate robust double-digit growth between 2014 and 2020. On the other hand, the bio-based biodegradable plastics market in Latin America is expected to demonstrate the highest growth rate at a CAGR of 22.6%, followed by Asia Pacific at a CAGR of 20.7% in terms of value. The cumulative market share of Latin America and Asia Pacific is anticipated to improve by around 400 basis points by the end of the forecast period.

Japan is another prominent market for bio-based biodegradable plastics, characterized by product innovation through substantial investments into R&D activities. “Manufacturers in the bio-based biodegradable plastics market in Japan are consistently introducing new products, and creating a trend that is being followed by manufacturers in developed markets such as the U.S., Germany and France. The bio-based biodegradable plastics market in Japan is projected to demonstrate a slightly sluggish growth rate as compared to other APAC countries during the forecast period”, said Essien Jae.

In terms of application, the packaging sector accounts for the largest share of the global bio-based biodegradable plastics market and is largely driven by Europe. Other key application sectors include fibres, agriculture and medical.

On the basis of product type, the market is broadly segmented into polyester, starch blends, poly lactic acid (PLA), poly hydroxyalkanoates (PHA) and cellulose. However, apart from the abovementioned types, there are other product types, which were cumulatively estimated to account for around 20% of the overall market value in 2014. Polyester and PLA product types are estimated to dominate the global bio-based biodegradable plastics market, as both types were cumulatively estimated to account for over 60% of the total market value in 2014.

For Any Query on This Report Ask Us: Global bio-based biodegradable Plastics market size, growth, trends, forecast over 2015-2020, Market by product (Polyster, starch blends, poly lactic acid (PLA), poly hydroxyalkanoates (PHA) and cellulose), By Application (Packaging, fibres, Agriculture and medical), by Regions (Western Europe, North America, Asia-Pacific, Latin America, Eastern Europe, Middle East & Africa (MEA)). (http://www.futuremarketinsights.com/reports/askus/global-biobased-biodegradable-plastics-market)

Further more, the starch-blend segment of the bio-based biodegradable plastics market is expected to demonstrate a slightly sluggish CAGR compared to polyester and PLA throughout the forecast period.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.

Contact 

Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268 
Email: sales@futuremarketinsights.com
Website: Future Market Insights 

Increasing adoption of technology will continue to fuel the Asia Pacific automotive telematics market during 2014 - 2020, says Future Market Insights

London, December 29, 2014: Future Market Insights (FMI) with sharp focus on emerging regions delivers key insights about the Asia Pacific automotive telematics market in its recent report titled, “Asia Pacific Automotive Telematics Market Analysis and Opportunity Assessment, 2014 - 2020”. According to this report, the global telematics market is expected to expand at a single-digit CAGR during forecast period 2014–2020. On the other hand, Asia Pacific will demonstrate the fastest growth in the global automotive telematics market at a double-digit CAGR during the forecast period. During this period, the contribution of the telematics market in the Asia Pacific region to the overall market is projected to increase from 26% to 30%, reflecting an increase of 400 BPS.

This growth is attributed to high penetration of technologies and steadily increasing GDP. Moreover, Asia Pacific benefits from the presence of established vendors in the commercial vehicle telematics market, which includes PeopleNet, FleetMatics, Trimble, Telogis and Omnitracs. Furthermore, over 42% of the world’s Internet users in Asia (2013), combined with hundreds of millions of 4G users, will fuel growth of the Asia Pacific automotive telematics market during the forecast period.

FMI lead consultant, Nikhil Kaitwade, sheds light on why Asia Pacific will emerge the fastest growing market in the near future. “Telematics in the automotive industry has become increasingly relevant with a palpable emphasis on safety and security globally. New business models combined with increased technology adoption and remote vehicle diagnostics is fuelling growth of the Asia Pacific automotive telematics market,” he said.

The three key technologies that will drive the Asia Pacific automotive telematics market are:

Embedded Technology – Currently, this segment dominates the Asia Pacific automotive telematics market. Greater ease of assembly, ease of troubleshooting, reliability of components and fall in cost of electronic parts are factors driving demand for automotive embedded systems in this region. Increasing use of cloud-based telematics will also influence the Asia Pacific automotive telematics embedded technology market segment. FMI projects that this segment will display a double-digit CAGR during the forecast period.

Tethered Technology – The tethered technology segment in the Asia Pacific automotive telematics market will demonstrate the lowest growth at a single-digit CAGR during forecast period 2014–2020.

Smartphone Technology – Price advantages and growing smartphone penetration will fuel growth of the smartphone technology segment in the Asia Pacific automotive telematics market. FMI anticipates that evolving smartphone technology will witness the highest CAGR in double digits during the forecast period.

Currently, North America dominates the global automotive telematics market, followed by Europe. High penetration of the aforesaid technologies in Asia Pacific combined with saturation of European and North American markets will continue to fuel growth of the Asia Pacific automotive telematics market.


Elaborating on this trend, Kaitwade further stated, “In order to differentiate their product offerings, automotive OEMs are integrating telematics technologies into vehicles they manufacture.”

In addition, the expanding safety and security end-user segment and increasing prominence of social media in Asia Pacific will drive the automotive telematics market in the region. The safety and security end-user segment is anticipated to dominate the Asia Pacific automotive telematics market between 2014 and 2020 due to increasing consumer focus on safety and security aspects. Growing prominence of social media in the Asia Pacific region will also contribute to the growth of infotainment segment during the forecast period.

Browse the full "Asia Pacific Automotive Telematics Market Opportunity & Assessment, 2014 - 2020"

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports, and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

Contact

Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268

Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com