In Vitro Diagnostic (IVD) Testing Market: Competitive Dynamics & Global Industry Statistics 2025

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of “Stratview Research” on the In Vitro Diagnostic Testing Market, answers all the important questions.

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Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global In Vitro Diagnostic Testing Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2025.

The important questions the report answers are:

1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global Clinical Diagnostics Market – IVD: Highlights

In IVD market oncology is one of the most sought-after segments by the manufacturers. Non-invasive cancer testing is expected to be a hot market in 2019.  Qiagen, one of the global MNC, has been pioneering the use of liquid biopsy-based companion diagnostics as a less-invasive option to complement surgical biopsies for genomic profiling of cancers. In the infectious diseases segment, most of the currently available tests detect a single pathogen, or an antibiotic resistance gene. However, if a patient presents with general symptoms of a respiratory infection, or with symptoms of a gastrointestinal infection or some other type of infection, there are several different pathogens that may have caused the infection. However, syndromic testing is soon becoming a reality where multiple pathogens can be detected, increasing the chances of detection, bringing down the cost of testing and directly impacting the DALY of patients.

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The global clinical diagnostics market (IVD) is segmented into the following categories:

• By Product :           Instruments, Reagent
• By Technology :           Immunoassay, Clinical Chemistry and Others
• By Application :           Diabetes, Infectious diseases and Others
• By Type of Demand for Sample : Urine, Hair, Oral
• By Testing Facility :           Hospital Laboratories, Independent Clinical Laboratories and Others
• By Region :           North America, Western Europe, Asia-Pacific, Latin America, Rest of the World

Market Segments

Over the years, the market has been driven by big names of IVD such as Roche Diagnostics Limited (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Abbott Laboratories (US), and Thermo Fisher Scientific (US) who have been bending the rules of the game. However, in recent years, there are several market disruptors who are openly challenging the monopoly of these players and determined to bring down the cost of care and introduce user friendly and cost effective services and IVD equipment in the market.

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Global Automotive Safety Systems Market – Latest Trends, Forecast, and Opportunity Analysis

The Global Automotive Safety Systems Market: Highlights

The global automotive safety system market is projected to grow at a healthy CAGR of 6.7% over the next five years to reach US$ 56.1 billion in 2022, driven by increasing safety system contents per vehicle, the introduction of more stringent safety regulations, high demand for safety solutions, and an organic growth in the automobile production.

 

Global Automotive Safety Systems Market – Insights by Vehicle Type

The global automotive safety systems market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The passenger car is expected to remain the largest segment of safety systems in the global automotive industry during the forecast period of 2017 to 2022. This vehicle type is also projected to witness the fastest growth in the same period, owing to increasing penetration of safety systems, high demand for active safety systems, and an organic growth in the production of luxury cars and SUVs.

 

Global Automotive Safety Systems Market – Insights by Product Type

The global automotive safety systems market is secondly segmented based on product type as active safety systems and passive safety systems. The active safety systems market is further segmented as active cruise control, blind spot detection, drowsiness monitoring system, lane departure warning system, head-up display, night vision system, park assist, e-call telematics, tire-pressure-monitoring system, and others. Similarly, the passive safety systems market is also bifurcated into the airbag, seatbelt, steering wheel, electronic control unit, and others. Currently, passive safety system occupies the largest share in the global automotive safety systems market which is likely to be surpassed by active safety systems by 2021. An excellent growth in active safety systems market is primarily driven by increasing demand for advanced safety systems, such as tire-pressure-monitoring system and adaptive cruise control system in both developed and developing countries because of mandated government regulation and high focus on safety solutions.

 

Global Automotive Safety Systems Market – Insights by End User Type

The global automotive safety systems market is thirdly segmented based on end-user type as OEM and aftermarket. OEM’s market is likely to remain the largest end-user type during the forecast period and is expected to witness a higher growth rate in the same period, driven by increasing penetration in the newly-build vehicles across regions. All major automakers have started using active safety systems into some of their vehicles. They all have been in touch with suppliers to develop low cost advanced active safety systems for their mass volume models.

 

Global Automotive Safety Systems Market – Insights by Region

The global automotive safety systems market is finally segmented based on region as North America, Europe, Asia-Pacific, and Rest of the World. North America is projected to remain the largest active safety systems market during the forecast period whereas Asia-Pacific the largest passive safety systems market in the same period. The US remains to act as the growth engine of the North American active safety systems market whereas China and India the Asia-Pacific’s passive safety systems market. Increasing production of automobiles, increasing passive safety system contents per vehicle, mainly in China and India, and the introduction of more stringent regulations are driving the demand for passive safety systems in the Asia-Pacific region. Similarly, increasing penetration of active safety systems in the North America and Europe to address stringent government regulations regarding passenger safety is likely to drive the active safety systems market in the same period.

Continental AG, Delphi Automotive Plc, Denso Corporation, Robert Bosch GMBH, Magna International Inc., Valeo, and ZF TRW Automotive are some of the major players for the global automotive active safety system market whereas Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are in passive safety systems market. Long-term contracts and advancement in technologies are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

 

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Global Automotive Ducts Market – Latest Trends, Forecast, and Opportunity Analysis

The Global Automotive Ducts Market: Highlights

The global automotive ducts market is projected to reach an estimated value of US$ 1,825.2 million in 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the automobile production owing to rising urbanization and increasing disposable income, increasing share of SUVs in total vehicle production, and continuous replacement of traditional rubber and metal ducts with plastic ducts are some of the major factors that are proliferating the growth of ducts in the automotive industry.

Global Automotive Ducts Market – Insights by Vehicle Type

The automotive ducts market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle), and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the automotive ducts market during the forecast period of 2018 to 2023. Increasing production of passenger cars, especially SUVs, coupled with a higher demand for lighter ducts would remain the major driver of the segment over the next five years. Hatchbacks and SUVs are likely to generate a greater demand for ducts in the passenger cars segment.

 

Global Automotive Ducts Market – Insights by Application Type

Based on the application type, the automotive ducts market is segmented as HVAC (Heating, Ventilation, and Air Conditioning) ducts, under the hood ducts, and others. The HVAC ducts segment is expected to remain the most dominant application type in the automotive ducts market during the forecast period. HVAC ducts include various large-sized ducts, such as instrument panel duct, roof ducts, console ducts, and pillar ducts.

Global Automotive Ducts Market – Insights by Material Type

Based on the material type, plastic ducts segment is expected to remain the most dominant material type in the automotive ducts market during the forecast period. The segment is driven by a host of factors, such as significant weight reduction, better mechanical and chemical properties, improved temperature resistance, and good acoustic property. Foam ducts are also gaining share in the market, driven by their weight reduction and excellent acoustics.

 

Global Automotive Ducts Market – Insights by Pressure Type

Based on the pressure type, low-pressure duct is expected to remain the largest segment of the automotive ducts market during the forecast period. All the major HVAC ducts, such as instrument panel ducts, console ducts, roof ducts, and pillar ducts, mainly come in low-pressure range. On the other hand, high-pressure ducts are largely used in under the hood applications.

 

Global Automotive Ducts Market – Insights by Region

In terms of region, Asia-Pacific is expected to remain the largest automotive ducts market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. High annual automobile production is primarily driving the demand for ducts in the region. China is expected to maintain its dominance in the Asia-Pacific’s market over the next five years. The country is also the largest global market for automotive ducts. Europe is expected to remain the second largest automotive ducts market during the same period.

The supply chain of this market comprises raw material suppliers, automotive duct manufacturers, automotive OEMs, and dealers. The key raw material suppliers of ducts include BASF SE, E. I. du Pont de Nemours and Company, Royal DSM, Lanxess AG, and LyondellBasell. The key automotive duct manufacturers are MANN+HUMMEL, Continental AG, INOAC Corporation, MAHLE GmbH, Nihon Plast Co. Ltd., Sekiso Co. Ltd., Sogefi Group, Kyoraku Co. Ltd., Trocellen GmbH, and Roechling Group.  Developing lightweight automotive ducts and forming strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

 

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Global Automotive Active Grille Shutter (AGS) Market – Latest Trends, Forecast, and Opportunity Analysis

 

The Global Automotive Active Grille Shutter (AGS) Market: Highlights

Active grille shutter is an advanced mechatronic component, which performs a key function of selectively allowing or restricting airflow with an automatic opening and closing of shutters based on real-time needs. This results in reducing aerodynamic drag to an extent and improving the fuel economy of the vehicle, thereby leading to reduced CO2 emissions. The automotive industry is very keen on adopting technologies, which lead to an improvement in fuel economy and a reduction in harmful emissions.

The automotive active grille shutter market is likely to grow at an impressive double-digit rate over the next five years to reach US$ 1078.7 million in 2023. The auto industry has efficaciously been ushering in a new era of aerodynamic vehicles with a meticulous investment into advanced components that can address the changing business requirements in the most effective manner. All the major automakers have vigorously been incorporating active components in their most-renowned vehicle models with the purpose to improve the overall fuel efficiency of vehicles in order to address stringent government regulations, such as CAFE Standards and EU Commission on Carbon Emissions Reduction Targets.

 

Active grille shutter is a key component of active aerodynamic family and has been catching the automakers’ attention by offering a vast list of advantages. On an average, AGS offers signification weight reduction up to 20% and improvement in aerodynamic performance up to 30% as compared to non-AGS vehicle.  Today, AGS has successfully found its presence in both premium vehicle models as well as mass-produced vehicle models of almost all major automakers including Ford, GM, Toyota, BMW, Lincoln, Honda, Mazda, Mercedes-Benz, and Rolls Royce.

The biggest factor driving the market for AGS is an incessant increase in its penetration in the automotive industry year on year as all the major automakers are incorporating this technology in their major vehicle models. One side, major automakers are working closely with the AGS suppliers in order to make their vehicle more fuel efficient, whereas another side, AGS suppliers are working hard to quickly meet automakers’ rising demand for a well-engineered, high-quality AGS system that helps to address fuel economy standards.

AGS has a disruptive journey so far in the automotive industry and has evolved a lot with changing market needs and designs. However, to maintain the growth momentum, AGS must to adapt itself as per the new business environments including a greater incorporation of ADAS (Advanced Driver-Assistance Systems) electronics, such as auto-braking and auto cruise control; the development of new diesel and electric engines; and introduction of more stringent regulations regarding pedestrian protection and carbon emission reductions.

Development of innovative AGS solutions is an indispensable focus area of the AGS suppliers based on the requirements of auto OEMs. The market for AGS is marked by major global automotive tier players including Rochling Automotive, Magna International Inc., and Valeo SA. Also, it is expected that the excellent growth of active grill shutters may entice other players to enter the market to tap the growth potential.

 

Global Automotive Active Grille Shutter (AGS) Market – Insights by Vehicle Type

The global automotive active grille shutter market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). A passenger car is expected to remain the growth engine of the global automotive active grille shutter market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of AGS in passenger car models is likely to elevate the demand for AGS in the passenger car segment.

 

Global Automotive Active Grille Shutter (AGS) Market – Insights by Vanes Type

Based on the shutter vanes type, the automotive active grille shutter market is segmented as Horizontal Vanes and Vertical Vanes. Horizontal vane-based active grille shutter is expected to remain most dominant type in the global automotive active grille shutter market during the forecast period. Both horizontal, as well as vertical vane segments, are likely to witness healthy growth rates over the next five years.

Global Automotive Active Grille Shutter (AGS) Market – Insights by Region

Based on the regions, Europe is expected to remain the largest automotive active grille shutter market during the forecast period. Stricter emission norms of European Commission have led to a faster adoption of active grille shutter into European vehicles. Ford Focus & Fusion, BMW 5 Series & 7 Series, Renault Twingo & Talisman, Citroen C4 Picasso, and Audi Q7 are some key European models that have active grille shutters. Asia-Pacific is likely to depict the highest growth during the forecast period with China being the key source of growth.

The supply chain of this market comprises raw material suppliers, actuator suppliers, automotive active grille shutter manufacturers, automotive OEMs, and dealers, and end-users. the key raw material suppliers for automotive active grille shutter are Lanxess AG, Celanese Corporation, and BASF SE, whereas some of the major active grille shutter actuator suppliers are Hella KGaA Hueck & Co., Sonceboz SA, Johnson Electric, and Brose Fahrzeugteile GmbH & Co. KG.

The key automotive active grille shutter manufacturers are Rochling Automotive, Magna International Inc., Valeo SA, SRG Global, HBPO, and Shape Corporation. The development of integrated active grille shutters and forming strategic alliances with the automakers are the key strategies adopted by the major players to gain a competitive edge in the market.

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Global Flexible Epoxy Resin Market – Latest Trends, Forecast, and Opportunity Analysis

The Global Flexible Epoxy Resin Market Growth and Forecast:

The global flexible epoxy resin market is projected to grow at an impressive CAGR of 6.3% during the period of 2018 to 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the automobile production and construction industries, owing to rising urbanization and increasing disposable income; increasing demand for FER-based adhesives and paints & coatings in the automotive and construction industries; and excellent properties of FER, such as low viscosity with higher solids, wear resistance, prolonged flexibility, and toughness are some of the major factors that the proliferating the growth of flexible epoxy resins in various applications.

Flexible Epoxy Resin Market: by Type

The flexible epoxy resin market is segmented based on the type as Thermoplastic Modified, Elastomer Modified, Dimer Acid Modified, and Others. The Thermoplastic-modified segment is expected to remain the growth engine of the flexible epoxy resin market during the forecast period of 2018 to 2023. Increasing penetration of composite materials in the aerospace, automotive, and construction industries and an increased preference of urethane-modified FERs in the automotive and construction industries, owing to their excellent properties including low viscosity, chemical resistance, wear resistance, and mechanical properties, are driving the demand for thermoplastic-modified FERs.

Flexible Epoxy Resin Market: by Application Type

Based on the application type, the flexible epoxy resin market is segmented as Paints & Coatings, Composites, Adhesives, and Others. The paints & coatings segment is expected to remain the most dominant application type in the flexible epoxy resin market during the forecast period. Rapid urbanization and growing population along with excellent properties of flexible epoxy resins, such as improved toughness and flexibility, will continue to drive the demand for FERs in the paints & coatings segment. The composites segment is likely to witness the highest growth during the forecast period, driven by an increased penetration of composite materials in the automotive, aerospace, and construction industries; and a greater acceptance FERs with composite parts.

Flexible Epoxy Resin Market: by Region 

Asia-Pacific is expected to remain the largest flexible epoxy resin market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. High annual automobile production along with growing infrastructure activities in the developing economies, especially China and India, is primarily driving the demand for flexible epoxy resin in the region. China is expected to maintain its dominance in the Asia-Pacific’s market over the next five years. Europe and North America are the other two major flexible epoxy resin markets and will likely to exhibit healthy growth rates over the next five years.

Flexible Epoxy Resin Market: Key Players and Thier Strategies

The supply chain of this market comprises raw material suppliers, flexible epoxy resin manufacturers, formulators, dealers & distributors, and end users. The key flexible epoxy resin manufacturers are Olin Corporation, Kukdo Chemicals, Hexion, Inc., Aditya Birla Chemicals, DIC Corporation, Huntsman Corporation, and Nan Ya Plastic Corporation. Capacity expansion and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

 

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