ReleaseWire Connect

The global speech generating devices market is expected to exhibit a staggering expansion at 12.2% CAGR over the forecast period 2017 to 2022, according to a report by Fact.MR. The report anticipates the market to account for revenues worth US$ 168.6 Mn in 2017, and the market is further estimated to reach nearly US$ 300 Mn by 2022-end.

The global snacks market is anticipated to register a steady expansion, according to the latest report by Fact.MR. The report estimates market revenues to increase at a steady rate during the forecast period.

According to a recent report by Fact.MR, the global lung cancer diagnostics market is anticipated to register 7.3% CAGR throughout the forecast period 2017 to 2022.

Rising demand for products with high protein and nutritional value is reflecting positively on the global powder dietary supplements market. Governments in emerging countries such as China and India are promoting health and wellness programs, which is further leading to higher consumption of powder dietary supplements in these densely populated countries. In developed countries consumers are becoming more conscious about their physical appearance. Desires of having a lean body and an attractive personality are prompting many of the consumers in Western countries to opt for powder dietary supplements. Positive views on maintaining an active lifestyle as well as the increasing consumer awareness on healthier food products is also driving the popularity of powder dietary supplements. Fact.MR's latest report projects that the global market for powder dietary supplements will surpass US$ 36,338 Mn, registering an impressive CAGR of 8.3% during the forecast period (2017-2022).

Fact.MR, in its recent research, offers market forecast and analysis on the blood cancer diagnostics market for the period, 2017-2022. According to the research, the global blood cancer diagnostics market is projected to grow at 6.4% CAGR through 2022.

Demand for automobile is on the rise, especially in regions such as Asia Pacific and Latin America, which is reflecting positively on the global market for automotive transmission system. Increasing sales of low range and mid-range vehicles in countries such as China, India and Brazil is creating lucrative opportunities for the overall automotive industry. As per the latest report published by Fact.MR, the global market for automotive transmission system will ride at a CAGR of 5% during the forecast period (2017-2022). In addition, the introduction of next-gen cars with fully automatic and semi-automatic transmission systems is projected to favor the growth of the market over the next couple of years. Apart from premium models, such transmission systems are now available in mid and low-range segments as well. Rising concerns over energy consumption and carbon emission is prompting auto engineers to tune and update transmission systems. The focus remains on developing breakthrough transmission systems to meet regulatory norms and client expectations. In the near future, automatic transmission is likely to gain more prominence as consumer preference for comfortable driving increase.

Telematics has emerged as an important technology in the modern vehicular system. Automotive telematics has significantly boosted the functional capabilities of vehicles, making them more safe and connected. Currently, telematics is used in enhancing automotive safety, mapping and communication systems. Fact.MR's new report reveals that the global market for automotive is set to increase at a robust CAGR of 24.2% over the forecast period (2017-2022) to reach a valuation of US$ 53,280 Mn. This growth will be facilitated by factors such as rising number of internet users, introduction of sophisticates communication systems, favorable government policies, and development of high-speed broadband networks. Following takeaways from Fact.MR's report on the global automotive telematics market assert on its future prospects.

Considering the changing lifestyles of consumers, liquid dietary supplements are expected to gain inclusion into their daily diets. While some may consume them for targeted improvement in health, a majority of consumers for liquid dietary supplements will be looking towards improving their general body metabolism and avoid spending on medical treatments. The Fact.MR report on global liquid dietary supplements market projects that by the end of 2017, around US$ 29.5 Bn revenues will be amassed from sales of liquid dietary supplements in the world. The global market for liquid dietary supplements is also anticipated to witness a steady growth at a CAGR of 7.4%.

With a strong focus on fuel efficiency, and demand for low-rolling resistance tires, along with stringent environment regulations, the global market for automotive tires is likely to witness an upsurge in the near future. The market is also expected to benefit from increasing prevalence of green tires on the back of rapidly growing concerns associated with overflowing landfills of scrap tires, and inadequate recycling efforts. OEMs are now focusing on performance and efficiency of tires as imperative engineering parameters. Fact.MR offers a detailed analysis on the global automotive tire market in its recent research for the forecast period 2017 to 2022.

Rising popularity of cocoa based products such as cocoa drinks, chocolate, cocoa butter and cocoa liquor is boosting the growth of the global cocoa market. Over the recent years, demand for cocoa products, especially chocolate has surged in emerging countries such as India and China. Moreover, introduction of cocoa based health drinks and a range of new chocolate confectionary items is also driving the global consumption of cocoa. On the other hand, high cost of production and inadequate supply of cocoa are posing a major challenge to the market. Weather plays a key part in determining the quality and quantity of cocoa beans that are cultivated each year, hence unfavorable weather conditions can lead to low yield, which remains a major concern for the overall cocoa market. Fact.MR's recently published report reveals that the global market for cocoa will register a moderate CAGR of 3.3% between 2017 and 2022 to reach a valuation of US$ 40,206.9 Mn. For the last decade or so, a large number of consumers particularly in Westerns countries are opting for healthier alternatives over chocolate, many of them even quitting chocolate completely. This, in turn, is compelling manufacturers to replace chocolate with healthier ingredients in their indulgent products.