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(Bloomberg) -- Chancellor Angela Merkel urged Germans to do more to rein in the coronavirus to avoid the “worst-case scenario” of an overburdened health care system.Speaking in parliament Thursday after extending a partial lockdown until at least Dec. 20, Merkel said restrictions will likely remain in place until early January. On a more upbeat note, she said it’s possible that a vaccine for the virus will be available before Christmas.“We undoubtedly have some difficult months ahead of us again,” Merkel told lawmakers on Thursday.Merkel and the leaders of Germany’s 16 states agreed late Wednesday to tighten limits on private gatherings but kept schools and most businesses operating to help limit the impact on the economy. Merkel’s Chief of Staff, Helge Braun, told RTL there’s even a chance that restrictions will remain in place until March if the disease isn’t reined in.There’s no sign of that happening at the moment. Germany registered a record increase in new coronavirus cases during the 24 hours through Thursday morning, bringing the total to just under 1 million. Fatalities, meanwhile, have exceeded 300 for three straight days, the first time that’s occurred since the start of the pandemic.With infection rates surging, German authorities this month ordered restaurants, gyms and cinemas to close. Nations like France and Britain imposed tougher restrictions, and with outbreaks there easing, officials are cautiously moving to loosen curbs ahead of the Christmas holidays.French President Emmanuel Macron said Tuesday that he will gradually lift a nationwide lockdown from Saturday, while restrictions in the U.K. will be eased over Christmas to allow as many as three households to meet indoors.By contrast, Germany’s restrictions have yielded little progress in slowing the spread of the disease. Infection levels are still nearly three times the government’s target rate, and people with the disease in intensive care are at record levels.”The case numbers have stagnated at far too high a level,” Merkel said. She wants the seven-day incidence per 100,000 citizens to come down to around 50 -- and stay there -- before restrictions can be loosened. It was at 140 on Wednesday, according to the latest report from the RKI public health institute.The chancellor and state premiers will revisit the country’s restrictions on Dec. 15.An extension of the partial lockdown isn’t likely enough to reach the target rate by Christmas, according to the Ifo research institute. A more rapid decrease would require tougher measures for schools, retailers or both, the group said.The costs for the shutdown -- including reimbursing affected businesses for most of their lost revenue -- continue to mount. Financial support in December is expected to total as much as 20 billion euros ($23.8 billion), according to people familiar with the negotiations. That could more than double total aid since early November to some 34 billion euros.Merkel said that ultimately, German citizens will determine how successful the country is in tackling the health crisis. “It’s in our hands. We are not powerless,” she said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Intrauterine Contraceptive Devices (IUD) Market will grow by USD 597.40 mn during 2020-2024
Disney said Thursday it will cut 32,000 jobs in 2021, primarily from its US theme parks division, an increase from layoffs announced in September.
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Newspapers around the world have paid tribute to Diego Maradona after the former World Cup winner died yesterday. All over the world, newspapers have honoured the former Argentina captain, with French newspaper L’Equipe’s front page carrying the headline: “God is dead”. Italy’s La Gazzetta dello Sport carries the words: “The death of the God of football”.
Dublin, Nov. 26, 2020 (GLOBE NEWSWIRE) -- The "Rail Wheel and Axle - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Souring Financials of Railway Operators Crushes Railway Fleet Expansion Plans. Rail Wheel & Axle Sales Plummets by -7.1% The global market for Rail Wheel & Axle is expected to slump by -7.1% in the year 2020 and thereafter recover to reach US$4.2 billion by the year 2027, trailing a post COVID-19 CAGR of 4.4% over the analysis period 2020 through 2027. The COVID-19 outbreak and associated restrictions on travel and movement have severely impacted transport connectivity across regions. The pandemic prompted various countries to close borders for passenger transport as well as impose varying bans on freight transport. The impact of COVID-19 pandemic on train operators around the global has already been severe. To contain the spread of the virus, countries all over the world, restricted the passenger and freight transport along their borders. Economic conditions have a direct correlation to movement of goods & the rail freight sector is the barometer of economic conditions. Border shutdowns and travel restrictions imposed worldwide are expected to reduce global merchandize trade by over 28% in the year 2020. With global supply chains disrupted, rail transport of petroleum products, coal, chemicals, minerals & metals etc. stands massively impacted. With the world in a steep recession at -4.9% GDP, consumer demand & manufacturing remains muted killing all hopes of a quick rebound in trade, logistics & transport. In addition, passenger rail transport services have also been severely impacted with all non-essential travel plans put on hold. Diminished rail traffic numbers is a common thread cutting across countries worldwide. Lockdowns and interstate restrictions have interrupted rail movement. Virus led recession coupled with the decline in manufacturing output additionally is triggering huge traffic losses. Feeling the repercussions of the disruptions is upstream locomotive manufacturing including rail wheel and axle. Across countries, railroads are downsizing and closing yards as idle locomotives push up revenue losses. Freight operators are coming under pressure due to the low margins within the transport sector. For instance, a potential re-introduction of lockdowns in the anticipation of resurgence of the coronavirus in autumn may result in 40% decline in the passenger traffic for the year 2020, while the freight transport throughout the European continent is expected to fall by 20%. COVID-19 outbreak is having significant impact on freight transportation and logistics industries, as increasing costs and shrinking capacity having a considerable impact on the industry activity. In the US, for instance, rail intermodal traffic declined by about 50% during the Q1 2020. With the global supply chains coming under the impact of the virus outbreak, there will be significant impact on shippers in terms of capacity and pricing. In Post-COVID-19 period, railways are nevertheless expected to bounce back. The travel mode is anticipated to gain from resurgence in domestic tourism market post-COVID-19 phase. Rail is likely to be considered by a large number of customers for regional travel to neighboring destinations. Rail is expected to provide a perfect option compared the slow sea travel and expensive flights. In contrast to airlines that are anticipated to face tax hikes by various governments, railways are expected to benefit from several initiatives. Rail is likely to benefit significantly from technological advances such as the Hyper loop intended to reduce travel time along with rising popularity of rail holidays. The concept of rail holidays is also anticipated to erode the share of cruise industry. The COVID-19 pandemic is slated to accelerate the transition of passengers from other modes to rail in the coming years. In addition, the consistent focus on curbs on carbon emissions by the year 2050 is expected to drive more passengers to pay more attention to trains. The trend is likely to gain traction from the availability of more high-speed trains in China and Europe for business and leisure activities, which is estimated to reduce air traffic growth rate. Already second half of 2020 is beginning to witness increasing number of freight trains running between Europe and China. Freight trains along with container count registered a notable growth during the third quarter of 2020. The gains registered for rail freight are credited to its distinct advantages over other modes. While the use of less manpower requires fewer quarantine checks, considerably higher load capacity makes rail freight transport a more effective option than road transport. In addition, railway border crossing is relatively easier and effective, which reduces the risk of spreading COVID-19. The pandemic caused major disruptions for landlocked countries that are affected by high transportation cost. The use of international rail freight transport is expected to help these countries in minimizing disruptions and recover quickly in the post-COVID-19 scenario. In addition, rail freight transport is being extensively used for transportation of medical supplies along with other essential products to several European countries. Operators of rail transport are proactively implementing desirable measures for mitigating the impact of the outbreak. While Russian Railways has announced an Emergency Response Center for supporting shippers and pushing coordination across different components of the transportation chain, Turkish Railways is pursuing transport of specific goods with Iran without any human contact. On the other hand, Uzbekistan Railways has come up with a software solution to process and provide customers with preliminary electronic information related to goods transferred by rail. Competitors identified in this market include, among others: * Amsted Rail * ArcelorMittal SA * Bharat Forge Limited * Bombardier, Inc. * Bonatrans Group A.S. * CAF USA Inc. * Comsteel * CRRC Sifang Co., Ltd. * Kolowag * Lucchini RS SpA * Maanshan Iron & Steel Co., Ltd. * Nippon Steel & Sumitomo Metal Corporation * Rail Wheel Factory * Semco India (P) Ltd. * Simmons Machine Tool Corporation * United Metallurgical Company (OMK) * VELTRUP Technik Philippines,Inc.Key Topics Covered: 1\. MARKET OVERVIEW * Impact of COVID-19 Pandemic and Looming Economic Recession * Rail Freight Transportation Comes Under Pressure Due to COVID-19 Pandemic * Railways to Bounce Back in Post-COVID-19 Era * Amidst COVID-19 Pandemic, Potential Opportunities Emerge in International Rail Travel * Rail Wheel and Axle: An Introduction * Evolution of the Railroad Wheel * Global Market Outlook & Prospects * Asian Economies to Offer Lucrative Growth Opportunities * Competition * Select Innovations in Rail Wheels * Recent Market Activity2\. FOCUS ON SELECT PLAYERS 3\. MARKET TRENDS & DRIVERS * Increase in New Railway Projects and Consequent Rise in Locomotive and Bogie Production Drives Demand for Rail Wheel and Axle * A Snapshot of Select Major Ongoing & Upcoming Projects Focused on Rail Freight Transport * Rise in Rail Passenger and Freight Traffic Translates into Market Growth * Development of Urban Rail Transport Infrastructure Presents Growth Prospects for Rail Wheel & Axle Market * A Snapshot of Select Upcoming Metro Rail Projects * Expanding Metro Train Network Drives Demand for Metro Train Wheels * With Rail Freight Transport Being Indispensable for the Global Logistics Chain, Long-term Network Expansion Initiatives Bode Well for the Market * World Trade Flows Determine Growth Dynamics of Rail Freight Transport Market, Setting Trends in the Rail Wheel Axle Market * Development of Europe-Asia Railway Line and Resultant Rise in Trade Flows Augurs Well for the Market * Growing Electrification of Rail Lines in Developing Economies Presents Growth Opportunity * Imperative Need to Replace Aging Diesel Locomotives to Reduce Emissions Supports Market Growth * Smart Urban Spaces and Emphasis on Smart Railway Infrastructure: Potential for Growth * As Governments Focus on Development of High-Speed Trains and Bullet Trains, Rail Wheel and Axle Market to Benefit * Aftermarket Segment Poised to Benefit from Growing Demand for Rail Wheel Machining * Advent of Solar Powered Trains Emerges as a Potential Driving Factor * R&D Efforts of Manufacturers Focused on Development of Lightweight Rail Wheels & Axles * Rail Operators Bet on Advanced Vibration Sensors to Detect Wheel Flats * Laser Triangulation Sensors Offer Compelling Option to Measure Lateral Positions of Rail Bogie Wheels * Bayesian DLM Presents Effective Option for Real-Time Detection of Wheel Defects in High-Speed Trains * With Few Countries Moving Towards Alternative Rail Technologies Such as Maglev, Challenges Ahead for Rail Wheel & Axle Market4\. GLOBAL MARKET PERSPECTIVE For more information about this report visit https://www.researchandmarkets.com/r/lm83v5Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
during the forecast period. Market growth is attributed to the rising per capita income in developed and developing countries and technological advancements introduced in the in-vitro diagnostic devices.New York, Nov. 26, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "In-Vitro Diagnostics Market by Product & Service, Technology, Application End User - Global Forecast to 2025" - https://www.reportlinker.com/p04436645/?utm_source=GNW By technology, within the IVD market, immunoassays segment holds the largest share in the forecast period. Based on technology, the in vitro diagnostics market has been segmented into immunoassays, clinical chemistry, molecular diagnostics, microbiology, hematology, urinalysis, coagulation and others.Immunoassays accounted for the largest share of the market in 2019. Significant market share can be associated with increasing investments of leading players such as Roche Diagnostics, Danaher Corporation, Abbott Laboratories, and others in developing superior quality immunoassays. These immunoassays are highly reliable and provide healthcare professionals with an accurate diagnosis that positively impacts the segmental growth. By application, the oncology segment is expected to grow at the fastest rate during the forecast period (2020-2025) Based on application, the in vitro diagnostics market has been segmented into infectious disease, oncology, diabetes, cardiology, drug testing, HIV/AIDS, auto-immune diseases, nephrology and others.The oncology segment is predicted to have higher growth rate as compared to other applications due to increasing prevalence of cancer in developed as well as developing countries. According to WHO, cancer is the second leading cause of death and there is an exponential increase in the number of cancer cases since past few years. This scenario proves beneficial for the segment growth as it increases the demand for efficient diagnostic tests, thereby, surging the overall industry growth. North America to hold the largest share. North America is expected to account for the largest share of the global in vitro diagnostics market in 2019.The large share of this region can primarily be attributed to the presence of a well-established base of IVD companies, high investments in the IVD devices and software, and increasing R&D expenditure. On the other hand, the APAC is expected to witness the highest CAGR during the forecast period due to the large number of research activities, low cost of operations in APAC countries, and large elderly population base. The breakdown of primary participants is mentioned below: • By Company Type: Tier 1–30%, Tier 2–45%, and Tier 3–25% • By Designation: C-level–35%, Director Level–25%, and Others–40% • By Region: North America–35%, Europe–30%, the Asia Pacific–15%, Latin America–10%, Middle East & Africa – 10% Research Coverage: The report analyzes the various in vitro diagnostics products and their adoption patterns in different appliactions.It aims at estimating the market size and future growth potential of the global in vitro diagnostics market for different segments such as by products and services, technology, application, end-users and regions. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments. Reasons to Buy the Report The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market. This report provides insights on the following pointers: • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global in vitro diagnostics market • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the global in vitro diagnostics market • Market Development: Comprehensive information on lucrative emerging regions, by products and services, application, technology, end-users. • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global in vitro diagnostics market • Competitive Assessment: In-depth assessment of market shares, growth strategies, and services offered by leading players in the global in vitro diagnostics market Read the full report: https://www.reportlinker.com/p04436645/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001
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AS Nordecon and its group company Nordecon Betoon OÜ (brand name NOBE) as joint bidders entered into contract with Öpiku Majad OÜ for construction of Alma Tomingas office building in Ülemiste City located at Sepise 7, Tallinn. The building will have 11 ground and one underground floor with total closed net area of 22,400 sqm and will meet the requirements of the LEED Gold certificate.The cost of the works is over 22 million euros plus value added tax and the works will be completed by the end of 2022.Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Sweden, Finland and Ukraine. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2019 was 234 million euros. Currently Nordecon Group employs close to 710 people. Since 18 May 2006 the company's shares have been quoted in the main list of the Nasdaq Tallinn Stock Exchange.Andri Hõbemägi Nordecon AS Head of Investor Relations Tel: +372 6272 022 E-mail: email@example.com www.nordecon.com
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(Bloomberg) -- Oil fell from an eight-month high as the dollar recovered, while disparities in demand set the stage for OPEC+’s key policy meeting next week.Futures in New York dropped 1.6%, with the dollar erasing earlier declines to trade higher. After stellar gains so far this month, both West Texas Intermediate and Brent crude futures settled technically overbought on Wednesday, a sign that a possible reversal had been on the cards.Oil has jumped around 27% this month as signs that Covid-19 vaccines are imminent boosted expectations for a swift recovery in energy demand next year. However, while there are indications that Asian consumption remains healthy, Europe is still lagging. On Wednesday, Germany extended a partial lockdown to curb the spread of coronavirus for at least three more weeks.“Great news on the vaccines, but it will be months until they are widely available,” said Spencer Welch, vice president of oil markets and downstream consulting at IHS Markit Ltd. “The oil market still has plenty of time left at sub-$50 a barrel, including most of 2021.”Crude’s rapid price gains this month pose a headache for OPEC+ as it considers whether to postpone a planned increase in output, as they lend weight to arguments from some members demanding to pump more. In the latest sign of rifts within the group, Iraq’s deputy leader said that OPEC should take members’ economic and political conditions into account when deciding production quotas rather than adopting a “one-size-fits-all” approach.See also: Iraq Voices Frustration With OPEC Days Before Crunch MeetingIn what could be a harbinger of better U.S.-Chinese relations, President Xi Jinping broke his silence on Joe Biden’s election win. The Chinese leader sent the U.S. president-elect a message that he hopes to “manage differences” and focus on cooperation between the world’s two largest economies. Any easing of tensions would likely support economic growth and aid energy demand.U.S. crude inventories fell by 754,000 barrels last week, Energy Information Administration data showed on Wednesday. Supplies at the storage hub in Cushing, Oklahoma, also shrank. But there were some bearish data points: gasoline stockpiles rose by more than 2 million barrels and oil production ticked higher.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Dublin, Nov. 26, 2020 (GLOBE NEWSWIRE) -- The "Smart Appliance Market by Technology, Solutions, Applications and Services 2020 - 2025" report has been added to ResearchAndMarkets.com's offering. This report evaluates the smart appliance marketplace including technologies, companies, solutions, products, and services. The report includes an analysis of leading companies and their strategies and offerings. The report evaluates the use of converged AI and IoT systems/solutions known as AIoT to enable intuitive and value-added human-to-machine smart appliance interactions. The report also provides market projections with forecasts covering the period 2020 to 2025 for all major aspects of the smart appliance market including technologies, solutions, applications, and services. Related to Connected Home technologies, smart appliances leverage the Internet of Things (IoT) and are connected to the Cloud and control infrastructure such as utilities/smart grid to enable more efficient and more productive use of electricity. Smart appliances include thermostats, clothes washers, dryers, microwaves, hot water heaters, and refrigerators. Smart appliances rely upon various communications technologies including Wi-Fi, ZigBee, Z-Wave, Bluetooth, and NFC, as well as IoT and related operating systems for consumer command and control such as iOS, Android, Azure, Tizen. Implementation and operation is becoming increasingly easy for end-users, facilitating rapid growth in the Do-it-Yourself (DIY) segment. Smart grid integrators play an important role defining smart appliance standards through transferring knowledge, testing efficiency, and optimizing systems and networks that would communicate with both utilities and smart appliances. These companies and other entities ensure intelligent appliances receive real-time data from the AMI system to control or modulate their operation. One of the important areas to consider within the smart appliances market is the convergence of AI and IoT, which is also known as the Artificial Intelligence of Things or AIoT. Currently, many AIoT use cases are very retail product-oriented, many of which focus on cognitive computing in consumer appliances. Sharp refers to AIoT as "People-Oriented IoT = AIoT" for "more responsive technology" as part of what they refer to as the "Smart Life". They provide examples of smart homes in which the system learns how its occupants like to live through interaction with smart appliances and housing equipment.Select Report Findings: * AIoT in home automation market will reach $8.77B globally by 2025 * Smart appliances are evolving to embrace the "as a service" product model * Combined AI and IoT solutions will drive significant smart appliance market value * Leading smart appliance vendors are focusing on cloud-based services and improved user interfaces * The DIY segment for smart home/appliance integration is expected to exceed 50% of the total market by 2027Key Topics Covered: 1\. Executive Summary 2\. Smart Appliances Market Overview 2.1 Smart Appliance Characteristics 2.2 Smart Appliance Market Definition 2.3 Role of Smart Grid Integrators 2.4 Role of Utilities and the Smart Grid 2.5 Smart Appliance Applications 2.6 Smart Appliance Value Chain Analysis 2.7 Designing Smart Appliance Experience 2.8 Context Aware Smart Automation 2.9 Smart Appliance Data Analytics 2.10 Smart Appliances within the Larger Ecosystem 2.11 The Need for Smart Collaboration 2.12 The Need for Companion Capabilities 2.13 Smart Appliance Benefits 2.14 Do It Yourself Case Study 3\. Smart Appliance Market Forces and Driver Analysis 3.1 Energy Consumption Continually Increases 3.2 Mobile Application Control and Automation 3.3 Global Housing Market and Economic Factors 3.4 Global Climate and Energy Consumption 3.5 Dynamic Pricing Model Strategies 3.6 Digital Consumerization and Lifestyle Transformation 3.7 High Capital Investment 3.8 Demand vs. Supply Factors 3.9 Competitive Pressures 3.10 Smart City Growth and Development 3.11 Artificial Intelligence 3.12 Waste Reduction Initiatives 3.13 Home Safety and Security 3.14 Home Security and Do-it-Yourself Trend 3.15 Healthcare Integration 3.16 Smart Grid Integration 3.17 Government Subsidies 4\. Smart Appliance Companies, Products, and Services 4.1 General Electric 4.1.1 Overview 4.1.2 Products and Offerings 4.2 LG Electronics 4.2.1 Overview 4.2.2 Products and Offerings 4.3 Panasonic Corporation 4.3.1 Overview 4.3.2 Products and Offerings 4.4 Samsung Electronics 4.4.1 Overview 4.4.2 Products and Offerings 4.5 Whirlpool Corporation 4.5.1 Overview 4.5.2 Products and Offerings 4.6 Electrolux 4.6.1 Overview 4.6.2 Products and Offerings 4.7 Philips 4.7.1 Overview 4.7.2 Products and Offerings 4.8 Bosch Hausgerate GmbH 4.8.1 Overview 4.8.2 Products and Offerings 4.9 Haier 4.9.1 Overview 4.9.2 Products and Offerings 4.10 Miele 4.10.1 Overview 4.10.2 Products and Offerings 4.11 Indesit 4.11.1 Overview 4.11.2 Products and Offerings 5\. Smart Appliance Market Analysis and Forecasts 5.1 Smart Appliances Revenue Analysis 5.2 Global Smart Appliances Market 2020 - 2025 5.3 Smart Appliances by Type 2020 - 2025 5.3.1 Smart Home Appliances by Type 2020 - 2025 5.3.2 Smart Industrial Appliances by Type 2020 - 2025 5.3.3 Smart Office Appliances by Type 2020 - 2025 5.3.4 Smart Appliances by Communication Technology 2020 - 2025 5.3.5 Smart Appliances by Connectivity Protocol 2020 - 2025 5.3.6 Smart Appliances by End User 2020 - 2025 5.3.7 Smart Appliances by Solutions and Services 2020 - 2025 5.3.8 Smart Appliances by Managed Services 2020 - 2025 5.3.9 Smart Appliances by Support and Maintenance Services 2020 - 2025 5.3.10 Smart Appliances by Region 2020 - 2025 5.4 Smart Lawn and Yard Equipment by Revenue and Units 2020 - 2025 5.5 Smart Lawn and Yard Equipment by Type 2020 - 20256\. Conclusions and Recommendations 6.1 Recommendations for Appliance Manufacturers 6.2 Recommendations for Technology and Service Providers 6.3 Recommendations for Lawmakers and Regulators 6.4 Recommendations for Retailer Value Chain 7\. Appendix: AIoT in Smart AppliancesFor more information about this report visit https://www.researchandmarkets.com/r/k42ly6Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
The augmented reality (AR) market is projected to grow from USD 15. 3 billion in 2020 to USD 77. 0 billion by 2025; it is expected to grow at a CAGR of 38. 1% from 2020 to 2025. The increasing demand for AR devices and applications in healthcare, rising investments in AR market, and growing demand for AR in retail and e-commerce sectors due to COVID-19 are the key factors driving the AR market growth.New York, Nov. 26, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Augmented Reality and Virtual Reality Market with COVID-19 Impact Analysis by Offering, Device Type, Application And Geography - Global Forecast to 2025" - https://www.reportlinker.com/p05353246/?utm_source=GNW The virtual reality (VR) market is projected to grow from USD 6.1 billion in 2020 to USD 20.9 billion by 2025; it is expected to grow at a CAGR of 27.9% from 2020 to 2025. The availability of affordable VR devices, growing adoption of HMDs in different industries, advancement of technologies and growing digitization, penetration of HMDs in gaming and entertainment sectors after COVID-19, and high investments in VR market are the key factors driving the VR market growth. Security and privacy issues associated with AR and VR, and health issues associated with excessive usage of AR and VR are some of the major restraints. Consumer application is expected to maintain its market dominance during forecast period for augmented reality The consumer application is expected to hold the largest share of the AR market in 2020; it is also expected to dominate the market during the forecast period.The consumer sector includes gaming and entertainment applications, in which AR is used in games for creating 3D visual objects in the real world. The high growth of the gaming and sports & entertainment sector boosts the growth of the AR market for the consumer application. Enterprise application is expected to grow at the highest CAGR during forecast period in virtual reality VR is used in the industrial vertical mainly for the training of personnel, providing information about the industrial facility, remodeling and redesigning, and industrial simulations.HMDs are used in industrial applications for designing, training, and simulation. Through HMDs, industrial users can be trained quickly and effectively, as they can learn real-life practices through the fully immersive and interactive virtual world. The use of HMDs is expected to grow in several areas of the industrial vertical in the coming years. North America holds a significant share of the market in 2020 Key players in the AR & VR market, such as Google (US), PTC (US), Microsoft (US), Oculus (US), and Apple (US), are based in North America, which is the key factor contributing to the growth of the AR & VR market in the region. The growing use of smartphones, increasing adoption of smart electronic devices, and surging demand for AR & VR technology in healthcare applications are the major factors boosting the North American AR & VR market’s growth. APAC is expected to lead the AR & VR market by 2025 due to the high demand for AR & VR devices in the region and the emergence of local manufacturers in China providing these devices at a low cost. Market players based in APAC are likely to grow through the growing use of HMDs in the healthcare and enterprise sectors. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the augmented reality and virtual reality marketspace. The break-up of primary participants for the report has been shown below: • By Company Type: Tier 1 – 15%, Tier 2 – 50%, and Tier 3 – 35% • By Designation: C-level Executives – 45%, Directors – 35%, and Others – 20% • By Region: North America –45%, APAC– 35%, Europe – 12%, and RoW – 8% The report profiles key players in the augmented reality and virtual reality market with their respective market ranking analysis.Prominent players profiled in this report are Google (US), Sony (Japan), Samsung Electronics (South Korea), Microsoft (US), HTC (Taiwan), Oculus (US), PTC (US), Seiko Epson (Japan), Lenovo (China), Wikitude (Austria), Magic Leap (US), Blippar (UK), Upskill (US), MAXST (South Korea), EON Reality (US), Vuzix (US), CyberGlove Systems (US), Leap Motion (US), and Sixense Enterprises (US). Apart from these, Nintendo (Japan), Psious (Spain), Marxent Labs (US), Inglobe Technologies (Italy), Meta Company (US), Niantic (US), Augment (France), Mindmaze (Switzerland), Firsthand Technology (US), Worldviz (US), Virtuix (US), Survios (US), Intel (US), RealWear (US), Merge Labs (US), SpaceVR (US), Virtually Live (Switzerland), Xiaomi (China), Panasonic (Japan), Dynabook Americas (US), Optinvent (France), WayRay (Switzerland), Scope AR (US), Continental (Germany), Visteon (US), Talespin (US), Craftars (Romania), Scanta (US), Appentus Technologies (India), and BIDON Games Studio (Ukraine) have also been profiled. Research Coverage: This research report categorizes the augmented reality and virtual reality market on the basis of technology, offering, device type, application, and geography.The report describes the major drivers, restraints, challenges, and opportunities pertaining to the augmented reality and virtual reality market and forecasts the same till 2025 (including analysis of COVID-19 impact on the market). Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the augmented reality and virtual reality ecosystem. Key Benefits of Buying the Report The report would help leaders/new entrants in this market in the following ways: 1\. This report segments the augmented reality and virtual reality market comprehensively and provides the closest market size projection for all subsegments across different regions. 2\. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. 3\. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions. 4\. The analysis of the top 25 companies, based on the strength of the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players. 5\. Patent analysis and technological trends that will shape the market in the coming years have also been covered in this report. Read the full report: https://www.reportlinker.com/p05353246/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. 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