The global
market for Tire Cord is projected to reach US$6.5 billion by 2025, sustained by
stable opportunities in emerging markets as mature markets saturate in terms of
sales potential. Automotive sales in developed and developing markets are on
the opposite sides of the wave. Emerging markets will emerge as key revenue
generating pockets as global production growth transitions from mature markets
to emerging markets, a trend that will only intensify further over the
long-term. A large chunk of production growth by 2025 will emerge from China,
South Asia, Europe, South America, and Middle East and Africa. Although fraught
with volatility, there are opportunities to leverage in the dynamically
changing automotive market environment. “Innovation” will become the biggest
levers for creating value and for remaining profitable in the changing
automobile ecosystem. A strategic blend of product development/innovation, high
level of technical knowledge, and robust customer support are vital parameters for
success in the evolving future of the automotive value chain. Tire cords are
reinforcing materials for tires, designed to help tires retain their shape,
strength to support the vehicle weight. They are the unsung heroes of tire safety.
Steel cords although widely used and popular for their ability to absorb shock,
withstand high stress and stability and safety during driving are now being
replaced by lightweight rayon cord, nylon dipped cord, and polyester. Steel cords
will however continue to dominate and remain popular given the robust
penetration of radial tires which require high tensile strength. Spurred by
benefits such as high road stability; low rolling resistance; higher
retreadability; longer tire life; and higher resistance to punctures, steel
cord is used widely in the production of pneumatic radial tires. Read More…
The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
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