Electronics Intelligence

  Middle East Movies & Entertainment Industry Overview The Middle East movies and entertainment market size was valued at USD 1.86 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028.The market is anticipated to be driven by the increasing popularity of 3D movies that give the audience an experience of Virtual Reality (VR). The introduction of new marketing and distribution platforms such as IPTV, digital newspapers, DTH, and digital cable, as well as the online sales of music and movies, is anticipated to boost industry progress. Major players have adopted strategies like regional expansions and distribution partnerships to venture into untapped markets. A number of these players have now been focusing on the production of regional content to establish a strong connection with the audience in these markets. The trend of diversifying content for cinema and television creations is gaining much traction in the market. Comp...

  Electric Kick Scooters Industry Overview The global electric kick scooters market size was valued at USD 2.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2021 to 2028. Kick scooters have emerged as a cost-effective urban commute option in recent times. This is attributed to the sleek design and the ease of use they offer. Rapid developments in the electric scooter sharing industry are also expected to generate growth opportunities for the kick scooters market over the forecast period. Countries such as France, Spain, Germany, and the U.S. have recorded a significant rise in the adoption of kick scooters over the last couple of years, a trend expected to continue over the next few years. Additionally, electric scooter sharing start-ups are collaborating with top manufacturers in the market to expand their customer base and enhance their product offerings in the market. Low-cost transportation, lesser parking space requirement, g...

  Household Refrigerators And Freezers Industry Overview The global household refrigerators and freezers market size was valued at USD 81.90 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. Increasing consumer preference for smart equipment in an attempt to simplify daily food storage tasks is the primary factor responsible for the promising growth prospects of the market over the forecast period. Furthermore, factors, such as the increasing purchasing power of consumers, rise in the number of nuclear families, growing popularity of modular kitchen spaces, and changing dietary preferences, are driving the market. Refrigerators mounted with freezers are equipped with heat pumps and thermally insulated compartments built to keep food and beverage items cool and fresh for a comparatively long time. Owing to these benefits, the appliance has become an everyday necessity across households globally. The intense competition in t...

  Automotive Transmission Industry Overview The global automotive transmission market size was valued at USD 152.32 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The COVID-19 pandemic has negatively impacted the automobile industry, leading to sluggish growth of the automotive transmission market as a result of declined automotive sales or new requirements. On the other hand, technological advancements and the evolution of transmission systems as per performance requirements across several vehicle types, including Heavy Commercial Vehicles (HCVs) and passenger cars, are expected to drive the market growth over the forecast period. Automotive OEMs are adopting advanced systems, such as Automated Manual Transmission (AMT), with minimized fuel consumption and CO2 emissions without compromising on performance. Rapid technological advancements in automotive transmission manufacturing are expected to boost the market growth. ...

  Body Armor Industry Overview The global body armor market size was valued at USD 2.32 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. Technological proliferation is steadily transforming the armor industry. Over recent years, there has been a continuous rise in demand for innovative techniques such as liquid armor, dragon skin, and DEFCON. The demand for modular tactical vests and double-sided combat uniforms is on the rise due to their enhanced protection. Technological advancements and the increasing availability of lightweight armors globally are expected to drive market growth over the forecast period. For instance, Kevlar vests' liquid armor is an enhanced technology innovated at the U.S. Army Research Laboratory to safeguard soldiers' lives. These armors are flexible and light, allowing soldiers to move more and with ease while running or aiming their weapons. It turns into a rigid material once the bullet kn...

  B2C E-commerce Industry Overview The global B2C e-commerce market size was valued at USD 3.67 trillion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration. The increasing technological adoption accompanied by the easy availability of smartphones has enabled the e-commerce sector to be more reachable and efficient. The increasing use of social networks is further driving the demand for online purchasing of various products and services. The market is expected to witness high growth over the forecast period mainly due to growing digital dependency and the convenience of shopping on online platforms. It has evolved amid a busy lifestyle and an overabundance of options available to shop from the comfort of home. Convenience is the major factor driving the growth of the overall online shopping industry. Customers ...

  Application Server Industry Overview The global application server market size was valued at USD 15.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.2% from 2021 to 2028. The COVID-19 pandemic has moderately triggered market growth, owing to the fall in end-users spending on new servers and changes in demand from various groups of IT buyers globally. Application servers leverage the latest software delivery models, evolving methodologies for developing mobile applications, and open-source software to ensure an optimal experience while running various apps on smartphones and tablets and accessing various cloud-based applications. The growing preference for using mobile apps in line with the proliferation of smartphones and the continued rollout of high-speed internet networks are expected to drive the growth. Rapid improvements in mobile device technologies and wireless networks have opened immense opportunities for expanding the scope o...

  ATM Industry Overview The global ATM market size reached USD 20.18 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. Automated teller machines (ATMs) offer a reliable easy interface for cash withdrawal and features such as ease of fund transfer, withdrawal, deposit, and 24x7 availability of cash. With advancements in technology, customers seek secure, faster, more convenient, and reliable means of accessing cash, favoring the widespread adoption of ATMs globally. Furthermore, improved security measures, including biometric and one-time password authentication systems to prevent fraud, and the advent of Smart ATMs for users with special needs contribute to market growth. The increase in demand for automation in the banking sector in several developed and emerging countries is also expected to fuel the demand for ATMs. The COVID-19 pandemic has significantly disrupted ATM manufacturing operations and supply chains, impact...