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Motor Vehicle Sensors Market with a progressive 12.6% CAGR from 2012 to 2018

Motor vehicle sensors are the sensing devices that detect the variation or change in any parameter that is to be monitored in a motor vehicle. The global sensors market is witnessing a surge in growth, fuelled by demand for motor vehicle sensors, which in present economic scenario is the most fertile end use market for the sensor manufacturers. It provides strong base for the global sensors market growth. The motor vehicle sensors market has witnessed an upsurge over the past few years with the increased usage of sensors in safety and control applications. Rising emphasis on vehicle fuel efficiency and powertrain performance is resulting in increase in demand for different sensors such as accelerometer sensors, reverse parking sensors, and pressure sensors among others.

Sensors in motor vehicles find applications in different electrical and electronic systems designed for better comfort and safety. Motor vehicle manufacturers are now-a-days making use of advanced technology and electronic elements to provide fuel-efficiency, eco-friendliness, and safety. Estimates suggest that the increasing demand for electronically controlled systems on vehicles will consequently contribute to the growth of the automotive sensor market. On an average, each motor vehicle comprises 30 electronic systems and over 100 sensors. With the advancements made in automotive technologies, many parameters have been developed, with all aimed towards improving the safety and driving experience. There are different types of sensors available for monitoring the variations in these parameters, resulting in market growth multiplication.

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Some of the important applications of sensors in motor vehicles include engine and drivetrain applications, safety and security applications, emission control applications and other smaller applications. Among all, sensors with safety and security applications, is the fastest growing segment in the global motor vehicle sensors market. The need for better safety and security is currently pushing the market demand for these sensors.

Based on product type, global motor vehicle sensors market can be categorized into physical property sensors, process variable sensors, proximity and positioning sensors, chemical property sensors, and others. The sensors in the motor vehicles used for measuring physical properties such as force, motion, vibration, and speed among others are termed as physical property sensors. It is the largest product segment in motor vehicle sensors market.

Geographically, Asia Pacific is the base of many automobile manufacturers and as a result is the largest consumer of motor vehicle sensors. It alone accounts for near about fifty percent market share of the global motor vehicle sensors market. China, which is the largest economy in the region, is also the world’s largest automotive production market. Owing to large population base and low production cost, Asia Pacific region is seeing surge in new production bases by global manufacturers. China and India individually produced more than 10 million vehicles in the year 2011.

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Eyeing the lucrative growth opportunities, many players are venturing in the market. As a result, the global market for motor vehicle sensors has become highly fragmented with large number of players holding small market share Players such as Bosch, Denso, Valeo are among the leading players in the global motor vehicle sensors market Other important players engaged in motor vehicle sensors manufacturing include Continental, Delphi, Hitachi, and Analog Devices, among others.

Synthetic Aperture Radar Market expected to reach $4.21 Billion by 2021, at a CAGR of 11.75% from 2017 to 2022

Synthetic Aperture Radar

The report “Synthetic Aperture Radar Market by Frequency Band (X, L, C, S, K/Ku/Ka, UHF/VHF), Component (Receiver, Transmitter, Antenna), Platform (Airborne, Ground), Application Area (Defense, Commercial), Mode (Multimode, Single mode), and Region – Global Forecast to 2022“, The synthetic aperture radar market is projected to grow from USD 2.41 Billion in 2017 to USD 4.21 Billion by 2022, at a CAGR of 11.75% from 2017 to 2022.

Browse 109 Market Data Tables and 43 Figures spread through 168 Pages and in-depth TOC on “Synthetic Aperture Radar Market – Global Forecast to 2022”

Early buyers will receive 10% customization on this report.

With the growing demand for multi-temporal satellite imagery and up-to-date situational awareness in disaster situations, the need for robust change detection methods is constantly increasing. Various building/infrastructure damage detection methods have been introduced in recent years, which are expected to drive the synthetic aperture radar market between 2017 and 2022.

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Based on frequency band, the X band segment is projected to lead the synthetic aperture radar market during the forecast period.

Based on frequency band, the X band segment is expected to lead the synthetic aperture radar market during the forecast period. The X band synthetic aperture radars are used for defense surveillance, weather forecasting, agriculture, and analysis of wind movement on the ocean surface. They also offer medium-resolution mapping as well as ground surveillance, as they are used in unmanned vehicles.

Based on application area, the commercial segment of the synthetic aperture radar market is projected to witness the highest growth during the forecast period.

Based on application area, the commercial segment is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the use of commercial SAR radars in land applications (geology and agriculture), infrastructure management (such as surface movement monitoring), etc.

Based on mode, the multimode segment of the synthetic aperture radar market is projected to witness the highest growth during the forecast period.

Based on mode, the multimode segment of the synthetic aperture radar market is projected to grow at the highest rate during the forecast period. Synthetic aperture radars operate in different imaging modes by controlling the antenna radiation pattern. Synthetic aperture radars using multimode are in huge demand due to their ability to capture images based on application requirement.

The North American region is expected to lead the synthetic aperture radar market during the forecast period.

The North American region is expected to lead the synthetic aperture radar market during the forecast period. The growth of the North America synthetic aperture radar market can be attributed to the increased demand for radar systems in surveillance activities. In addition, the US military is replacing its legacy radars with highly advanced synthetic aperture radars, which is fueling the growth of the synthetic aperture radar market in the region.

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Key Market Players

Major companies profiled in the synthetic aperture radar market report are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), etc.

Don’t miss out on business opportunities in Synthetic Aperture Radar Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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Electric wheelchair Market to Rise at 19.20% CAGE between 2014 and 2020

Global electric wheelchair market was valued at USD 1.23 billion in 2013, growing at an estimated CAGR of 19.2% over the forecast period from 2014 to 2020. Electric wheelchairs are the battery supported wheelchairs which reduce the user’s dependence on any external human assistance for movement. They are electricity powered and are supported with multiple functionalities such as controlling Wi-Fi and Bluetooth operated gadgets, operating smart appliances in a house, and so on. Fuelled by the various technological advancements in several developed and developing countries across the globe, mobility solutions are evolving continuously and gaining popularity worldwide. Electric wheelchairs utilize high end digital technology for providing better performance and efficiency.

The global electric wheelchair market is segmented on the basis of geography which includes North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). The RoW region comprises of Middle East, Africa and South America. The global market for electric wheelchairs is primarily driven by growing elderly population and need for effective solutions in various indoor and outdoor applications High degree of technological advancements in developed and developing countries such as the U.S., the U.K., France, Germany, China, Japan, South Korea is also contributing to the growth of electric wheelchair market globally.

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Based on the geographical segmentation, North America accounted for the largest market for electric wheelchairs in 2013 and the region is expected to continue its dominance throughout the forecast period till 2020. The region’s dominance is primarily attributed to the advancements in technology in countries such as the U.S. and Canada. Moreover, consumer awareness and affinity towards new technology is further contributing to the growth of the electric wheelchair market in North America. Europe and Asia Pacific followed North America in the global electric wheelchair market to collectively account for more than 40% of the global market revenue share. The regional market in Europe is primarily driven by increasing mobility solutions productions and increase in disposable income in the region.

Coupled with the rapidly increasing elderly population and improving infrastructural facilities in the Asia Pacific nations, the region is expected to boost demand for the electric wheelchairs significantly over the forecast period from 2014 to 2020. The countries such as China, South Korea, Japan, Australia and India are expected to generate market opportunities over the forecast period. The Rest of the World (RoW) electric wheelchair market is being stimulated by the advancing economies especially in the Middle East and Africa. Moreover, the developing infrastructure and affordability of advanced technological products are expected to offer lucrative opportunities of growth in the region over the forecast period.

The electric wheelchair market is segmented on the basis of product types which include front wheel drive electric wheelchairs, center wheel drive electric wheelchairs, rear wheel drive electric wheelchairs, standing electric wheelchairs and others. Among all, independent mobility solutions with modern technological functionalities for regular indoor and outdoor activities are the primary objective for the electric wheelchair manufacturers. The rear wheel drive electric wheelchairs segment is analyzed to be the second fastest growing electric wheelchair segment after the front wheel drive electric wheelchairs segment in the global market. The standing wheelchair segment is expected to attain a significant growth during the forecast period from 2014 to 2020.

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The major players in the global market for electric wheelchairs have been profiled on the basis of recent developments, business strategies and financial overview among others. The Key players in the global electric wheelchair market profiled in the report include Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Ltd., Permobil Corporation, Handicare Group A.B., Drive Medical Ltd., Ottobock Healthcare Deutschland GmbH, Hoveround Corporation and Medort among others.

Distribution Automation Market to Rise to US$17,677.2 mn by 2019

Global Distribution Automation Market: Snapshot

The global distribution automation market is likely to grow at an exponential rate during the forecast period 2013 – 2019, due to the rise in need for automation from utilities sector. Increasing demand from commercial sector which includes hospitals, hotels, offices, and data centers is predicted to augment the global distribution automation by increasing the sales of the product. Adoption of distributed automation solution is mainly because to avoid power outrage in these places. Distribution automation system is a set of communication technologies, sensors, and intelligent processors that allows to monitor and coordinate the distribution assets of electricity. Distribution automation system is an integral part of smart grid systems as it is known to provide benefits of efficient and reliable operations within the grid.

According to a recent report, published by Transparency market Research, the global distribution automation market anticipated to expand at whooping CAGR of 8.3% during the forecast period. The value of the market is predicted to be worth at US$17677.2 mn by the end of the assessed period.

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The global distribution automation market is classified on the basis of end users, product and region. On the basis of product type the market is segregated into monitoring and control devices, power quality and efficiency devices, and switching and power reliability. Amongst the pack monitoring and control devices segment held 36.1% of the market. These devices are used to detect any faulty present in the smart grid coupled with reducing the time take for restoration from hours to few minutes. These functions have helped the monitoring and control devices to grow significantly. On the other hand it has been noticed that power quality and efficiency segment is likely to become the fastest growing segment particular in Europe and North America, owing to monitor, alarm and control on power in various power quality events.

On the basis of end use segment, the market is bifurcated into commercial segment, industrial segment, and residential segment. The industrial end user segmented held the major share in terms of revenue which accounted for 51.3% of the total revenue in the DV market. Islanding operation, load shedding, power quality improvement, energy efficiency, and self-healing functionality is anticipated to increase the sales of the market product. On the other hand, residential segment is likely to expand at a stupendous CAGR of 12.0% due to the required for improved reliability b declining the number and duration of outages. Another factor helping the segment to grow is that it helps in reducing the electricity bills by reducing the electricity bills.

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On the basis of geography the market is segmented into North America, Europe, RoW, and Asia Pacific. Europe played a major role in generating revenues in the global market. Operating cost and saved maintenance is considered to be the major driver behind Europe’s performance. North America on the other hand is focusing on deploying AMI deployment. India and China are testing their capabilities by investing more on equipment design. Rise in demand for green technology accompanied with China government’s heavy investment in renewable energy technology is helping the region to grow. On the flip side absence of standardization in communication infrastructure and technology accompanied with modernization of existing switchgears are factors which are deterring the growth of the market.

Optical Imaging Camera Market Emerging Industry Trends & Global Future Forecasts by 2017-2025

Invisible gaseous hydrocarbons are being emitted from petrochemical plants. These may be poisonous and can cause health issues in case of exposure for a long period of time. Other gases can be explosives, highly flammable, and most of the emitted gases out of these plants can have a negative impact on the environment when these gases enter in larger quantities. Hence these gas leak detection is extremely important. Optical imaging camerascan be used to visualize gas leaks in actual time. Other than real time visualization, the optical imaging camera also has the ability to record both the visual light video and thermal video footage. It is difficult to identify leaks in unforeseen areas, so the use of optical gas imaging cameras will help ensure the safety of working personnel on the plants as well as the occupants of the surrounding areas. Optical imaging camera has the ability to visually detect gases and sniffer is used to quantify the leak. These optical imaging cameras have high sensitivity mode which can visually detect even smaller leaks from about 70m, this enables the operator to perform inspection functions even from safe distances. Image subtraction video processing technique is used in high sensitivity mode that efficiently enhances the thermal sensitivity of the camera. High sensitivity mode (HSM) feature is an exceptional feature included in all FLIR Systems, FLIR GF- optical imaging camera series. Optical Imaging cameras are ergonomically designed, these cameras have direct access buttons, rotating handle, tiltable viewfinder and LCD screen. Some of the key features of optical imaging cameras includes embedded GPS data in reporting, trace leaks to source and verification of repair. Nowadays, the new optical imaging cameras embeds GPS data into the image allowing workers to track exact location of the leak and also these cameras are made compact and lightweight to prevent back and arm strain problems to workers.

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Key drivers for the optical imaging camera market includes higher inspection frequency and performing inspection for gas leakage from safe distances. High inspection frequency leads to lesser time for gas detection that ultimately helps to find leaks that decrease profits. It also significantly helps to improve work and environment safety. Other factors which could further drive the optical imaging camera market is rapid industrialization in emerging countries and strict regulatory compliances for emission control. However there are some restraining factors for the optical imaging camera market. Challenges such as increase in raw materials price or economic slowdown in emerging countries can affect the optical imaging camera market.

Optical Imaging Camera market can be segmented as by gas type, by application and by region. By gas type, optical imaging camera market can be segmented into methane/natural gas, ammonia, hydrocarbons or olefins, ethyl alcohol and others. By application, Optical Imaging camera market can be segmented into Oil & Gas, Nuclear Power, Food and Oil Industries and others.

Geographically, Optical Imaging camera can be segmented into following regions North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. North America is the most dominated among other regions due to immense industrialization and generation of electricity through nuclear power.

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Key Players in the Optical Imaging Camera includes FLIR Systems Inc, EyeCGas, OPGAL, Inspectahire, IR Cameras LLC, The Sniffers, Infrared Cameras Inc, Opto Engineering, Optics Balzers, Electro-Optical Imaging Inc, Edmund Optics Ltd, ZWO Company and others. FLIR Systems Inc. is the market leader in the optical imaging market and offers various types of optical imaging cameras that can detect13 different type of gases. These companies are continuously investing in research and development to add new features and enhance efficiency of optical imaging cameras. These major players are continuously focusing on improving organic as well inorganic growth.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Automotive Dashboard Market to Witness Study Growth through 2017-2025

Automotive Dashboard Market: Overview

Dashboard to an automotive is what a control panel is to a computer, located just in front of the driver. It is an all in one indicator things happening in the automotive. Dashboards have been a part of every automotive since the beginning. It displays instrumentation and controls for the vehicle’s operation. A simple dashboard has a steering wheel and indicators for speed, fuel level, and oil pressure. With the advancements in technology, newly introduced dashboards currently also incorporate an array of gauges, and controls as well as information, climate control, and entertainment systems. It may also include tachometer, speedometer, fuel gauge, odometer, gearshift position indicator, turn indicators, seat belt warning light, engine-malfunction lights, parking-brake warning light,  indicators for low fuel, low tire pressure and faults in the airbag,  low oil pressure, entertainment equipment and information systems and much more.

Automotive Dashboard Market: Dynamics

High demand for automotive is the key driving factor for automotive dashboard market because no automotive can be manufactured without a dashboard. The demand for passenger vehicles is typically high in APEJ, attributed to increases in per capita income. People these days are also into styling up their personal vehicles, owing to this the automotive dashboard aftermarket has spurred in recent years. One significant example of this is Chevrolet offering both exterior and interior cosmetic upgrades.

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The touch screen has been trending in the automotive dashboard market lately. Tesla has completely changed the game with their soon launching Tesla 3 by eliminating the cluster of controls, gauges and integrating everything into one touch screen.

Automotive Dashboard Market: Regional Outlook

The global automotive dashboard market is divided geographically into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). North America is a major region in automotive dashboard market regarding application and revenue sharing. Followed by North America, Europe, and Latin America are expected to grow relatively at a higher CAGR during the forecast period since the use of automotive dashboard in high demand, owing to the booming automotive industry. The global automotive dashboard market in Japan is well established and expected to grow at average CAGR over the forecast period. The growth of automotive dashboard market in Asia-Pacific is very high due to many developing countries in this region. Overall, the global market for automotive of automotive dashboard market is expected to grow significantly by the end of forecast period. Automotive of automotive dashboard market in Asia-Pacific is rapidly growing due to developing economic conditions, huge population, significant investment market and more consumption. MEA is expected to expand at sluggish growth rate due to lack of technology advancement in this region. Overall the global automotive dashboard is projected to grow at a decent pace during the forecast period.

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Key manufacturers of the automotive dashboard are focusing on product development including enabling wider industrial applications with the help of their R&D department. According to Mr.David DeGraaf, president of Faurecia Clean Mobility North America French supplier, the company invested US$ 64 million for installation of a digital manufacturing system in a new factory in Columbus. Continued investments and advancements in technology will drive the automotive dashboard market during the forecast period.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Digital Wallet Market Emerging Trends and Strong Application Scope by 2025

Wallet in general refers to a purse or folding case for holding money and personal information safely. Digital or electronic wallet is referred to an internet or electronic based payment system that stores both financial value as well as personal identity related information in a mobile or computer. This helps an individual in making electronic transactions and purchasing items by a computer or a smartphone from a virtual store. Bank account of an individual can also be linked to the digital wallet along with the driver’s license, loyalty card or other ID documents that are stored on phone. These digital wallets are increasingly being made not just for normal financial transactions but also for authentication of the holder’s credentials having both software as well as information component. The software related to these wallets provide security by encrypting personal information for the real transactions. Mostly, digital wallets are stored, easily self-maintained and are fully compatible with most e-commerce web sites. The information component is actually a database of user-input information with server-side digital wallets being used for enhanced security, efficiency, and added utility increasing the overall satisfaction of purchase. This further helps in promoting a cashless economy has seen immense growth in these years. The global market for digital wallet has been segmented on the basis of type, application and geography. Based on type the market has been segmented into open, closed and semi-closed wallets. In addition to this, retail, healthcare, IT and education among others formed the major application areas of this market.

Global digital wallet market geographically has been segmented into Europe, Asia Pacific, North America, Latin America and Middle East and Africa.

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Application of digital wallets is growing as one can access these wallets at any point of time without depending on ATM counters as it accessed with computers or mobiles that forms a major driver for this market globally. Along with this, use of digital wallets also reduces the chances of card theft that may put at stake anyone’s information and money. This technology is especially helpful for the ones not having a proper bank account as it comes in handy in case of handling big payments. Besides all these features, usage of e-wallets further reduces the cost related to banking transactions. Moreover, these wallets are especially helpful for e-commerce sites as well as customers as it saves time to fill up the forms thereby acting as another major driver for this market. With all the following factors that boosts the demand for this market, it is the presence of certain restraints that pose challenges in the market growth and implementation. One such major factor being the technological dependency that poses challenges for the full-term application of this technology. Lack of information about its benefits along with cyber related crimes are a few other restraints for this market.  Considering all these drivers and restraints, it is the growing government focus on promoting cashless economy is likely to provide numerous opportunities for this market in the coming years.

Geographically, North America followed by Europe formed some of the major regions contributing to the market growth. Advent of cashless transactions along with easier and safe access to information has been some of the major drivers for this market in all these regions. Asia Pacific is another major region of this market further accounting for one of the highest growth globally. Internet penetration along with rise in cash less transactions has been some of the major reasons contributing to the rise in demand of this market.

Some of the key players present in the global digital wallet market include Apple (The U.S.), Samsung Corporation (The U.S.), Google Inc. (The U.S.) and Microsoft Corporation (The U.S.) among others.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Luxury Apparels Market to Exhibit 13.2% CAGR by 2016-2024

Luxury Apparels Market: Snapshot

Since the historic times, only the rich could afford luxury apparels. Reserved for the elite class, the luxury apparels market has boasted an esteemed clientele comprising the high net worth individuals. However, over the years several designers and fashion brands have started reaching out the broader range of customers through affordable products. Big brands such as Louis Vuitton, Prada, and Versace are expanding to developing economies, which has not only improved their geographical reach but also won them a newer consumer base. The research report states that the opportunity in the global luxury apparels market will be worth US$60,793.7 mn by the end of 2024 from US$1,8842.69 mn in 2015. Between the years of 2016 and 2024, the global market is expected to expand at a CAGR of 13.2%. The increasing affordability of luxury apparels is attributable to the mass production of goods, which has transformed the 19th-century ways of dress making.

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Consumer Preference Tilts toward Cotton due to Increasing Global Temperatures

On the basis materials, the global luxury apparels market is segmented into leather, cotton, denim, silk, and others. The report indicates that cotton dominates the global market as it held a share of 35.87% in 2015. The preference for cotton due to its convenience in hot and humid weather in regions such as Asia Pacific and the Middle East and Africa has triggered a monumental demand. The material has become ubiquitous in the clothing and fashion industry due to high terrific absorbency, comfort, and breathable nature of the fiber. Furthermore, high cotton production in India and China have also made Asia Pacific a frontrunner in the global market.

The leather is the next emerging segment in the global market. This material is being preferred due to its durability and ability adapt to myriad designs that characterize high fashion. The expensive nature of leather also makes it fit for luxury brands, who work on the premise of premium pricing of the exceptionally high quality of products. Furthermore, silk is also gaining a significant momentum due to smooth texture, softness, and the elegance it bestows to the overall design. The remarkable production of silk in India and China has also once again lent an impetus to the luxury apparels market of Asia Pacific.

Asia Pacific Emerges as Leading Segment as International Brands Garner New Consumers

In terms of regions the global luxury apparels market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Rest of the World. Presently, Europe has a strong footing in the global market due to the presence of several luxury brands and houses that have been in the business for several decades. However, analysts predict that Asia Pacific will undergo a radical shift in demand towards luxury apparels over the coming years. This demand will be dictated due to rising disposable incomes, changing lifestyles, improving standards of living, and the presence of several international brands in the emerging countries of Asia Pacific. The penetration of e-commerce is also likely to drive the growth of the global market in the coming few years.

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Some of the key players operating in the global luxury apparels market are Kering, Versace, Prada, Dolce and Gabbana, Burberry Group Inc, LVMH Moet Hennessy Louis Vuitton SE, Giorgio Armani S.p.A. These players hold a dominant share in the overall market. The other prominent players in the market are Ermenegildo Zegna, Kiton, Ralph Lauren Corporation, and Hugo Boss AG.

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