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Frost & Sullivan expects the overall light commercial vehicle (LCV) market to reach 2.4 million units by 2032. This market is on track to achieve a compound annual growth rate (CAGR) of 2.9% between 2023 and 2032. Electric vehicle (EV) penetration will increase to reach 60.0% during this period, up from 6.9% in 2023. The overall size of the LCV ...

In the personal care industry, over the last couple of years, the industry trend is moving from clean, green and natural ingredients (green beauty) to blue beauty which not only focuses on checking the ingredients and packaging that can be harmful to oceans, but also harvesting of marine-derived ingredients such as micro-algae and seaweed. These ma...

Since the advent of stem cells reprogramming after the discovery of the differentiation factors that allow the creation of human induced pluripotent stem cells, researchers all around the world are strongly committed to develop novel methods to design and build human stem cells. Indeed, there is an increasing demand for the more efficient product...

The rise in demand for high quality protein is driving up livestock production, which can lead to increased pressures in land and water use, possible resource scarcity and even increase in green house gas emissions. Red meat, being a popular choice of protein can potentially cause health issues on regular consumption. In addition, there is a growin...

The impact of the COVID-19 pandemic continues to reverberate in the Internet of Things (IoT) space. This Frost & Sullivan reforecast of the cellular IoT connections market indicates that there will be more than 3.46 billion active cellular IoT connections by 2026 (globally). In 2020, growth declined to 13.5%, with Asia-Pacific accounting for a larg...

Additive Manufacturing is one of the rapidly growing technologies being adopted for designing, rapid prototyping and manufacturing of new components. With the advent of smart manufacturing and Industry 4.0, the technological advantages enabled by additive manufacturing have allowed it to be adopted by diverse sectors across the manufacturing indust...

Saturated air traffic demand in developed regions where aviation penetration is high creates the need for an adjacent market. Globally, the COVID-19 pandemic has forced governments and aviation stakeholders to rethink their strategies and mitigate risks associated with their dependence on international travel and tourism. Airports are considered st...

13 Jul 2022  |  Global  |  Market Research

Global Self-healing Materials (SHMs) in Automotive Growth Opportunities

Future Growth Potential to Reduce Maintenance Costs and Increase Components’ Lifetime Drives Market to US$3 Billion by 2024

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Frost & Sullivan provides insights into the use of self-healing materials (SHMs) in the automotive industry specific to cars by defining these materials and listing the types of mechanisms available. This study covers SHM application areas in the automotive industry with a timeline for commercialization. The report also compares various competitors...

The premium economy seating class was introduced in the 1990s. Essential components are extra seat width, generous recline, and upgraded soft product offerings. Since the gulf between economy and business class prices and services is quite large, the premium economy class is seen as a more affordable solution with sufficient perks. During the p...