Mes: enero 2021

Aviation IoT Market Size Worth $22.51 Billion By 2028 | CAGR: 21.4%: Grand View Research, Inc.

SAN FRANCISCO, Jan. 20, 2021 /PRNewswire/ — The global aviation IoT market size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to…

SAN FRANCISCO, Jan. 20, 2021 /PRNewswire/ — The global aviation IoT market size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.4% from 2021 to 2028. The aviation industry is tectonically shifting toward automated and intelligent systems in line with the continued advances in technology. At this juncture, IoT (internet of things) devices are emerging as crucial devices for the incumbents of the aviation industry to gather real-time data and derive actionable insights.

Grand_View_Research_Logo

Key suggestions from the report:

  • Enhancement of passenger experience and modernization of the existing airport infrastructure are expected to be the crucial factors responsible for the surging deployment of IoT-compatible solutions across the aerospace industry
  • Development of an advanced Aircraft Health Monitoring System (AHMS) for monitoring aircraft operation helps predict maintenance and identify the failure of components in advance to reduce the risks and downtime of aircraft maintenance
  • Key airline operators are utilizing cloud computing technology to store the large volumes of data generated from numerous sensors, thereby opening opportunities for intercontinental airline operators to analyze the data for deriving insights
  • IoT-enabled aircraft cabins can potentially offer personalized entertainment content and some of the prime airline operators have already adopted such IFE modules to increase passenger loyalty and enhance ancillary revenues

Read 104 page research report with ToC on «Aviation IoT Market Size, Share & Trends Analysis Report By Application (Ground Operations, Passenger Experience, Aircraft Operations, Asset Management), By End-use, By Region, And Segment Forecasts, 2021 – 2028» at: https://www.grandviewresearch.com/industry-analysis/aviation-internet-of-things-market

The aviation industry is continuously adopting a digital ecosystem and is subsequently set to generate large volumes of data. The development of a more recent version of the Internet Protocol (IP), Internet Protocol version 6 (IPv6), has already improved the data handling capability and the overall functionality. The introduction of low-power terrestrial networks in L-band to support 5G connectivity is expected to further enhance the data transfer capacity, thereby encouraging the deployment of IoT-compatible devices in the aviation industry.

IoT is expected to play a critical role in weather forecasting as well as monitoring various systems of the aircraft in real-time. Monitoring the weather using advanced sensors and analyzing the gathered weather data can help airlines in making crucial decisions in real-time and choosing alternative flight routes. Similarly, deploying IoT sensors and devices inside the aircraft can help in monitoring engine performance and subsequently reducing fuel consumption and improving the profit margins.

Grand View Research has segmented the global aviation IoT market by application, end-use, and region:

  • Aviation IoT Application Outlook (Revenue, USD Million, 2016 – 2028)
    • Ground Operations
    • Passenger Experience
    • Aircraft Operations
    • Asset Management
  • Aviation IoT End-use Outlook (Revenue, USD Million, 2016 – 2028)
    • Airport
    • Airline Operators
    • MRO
    • Aircraft OEM
  • Aviation IoT Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
    • Latin America
    • Middle East & Africa (MEA)

List of Key Players of Aviation IoT Market

  • Honeywell International, Inc.
  • Tata Communication
  • Cisco Systems, Inc.
  • Huawei Technologies Co. Ltd.
  • SITAONAIR

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

  • Interactive Kiosk Market – Global interactive kiosk market size was valued at USD 26.63 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2021 to 2028.
  • Aviation Actuator Systems Market – Global aviation actuator systems market is expected to witness significant growth over the forecast period. The aviation industry has been witnessing technological advancement in aircraft models, leading to improvement in the actuator systems.
  • Aerospace and Defense Springs Market – Global aerospace and defense springs market size was valued at USD 260 million in 2018 and is expected to attain a CAGR of 5.2% over the forecast period.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter 

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

 

Aviation IoT Market Size Worth $22.51 Billion By 2028 | CAGR: 21.4%: Grand View Research, Inc.

SAN FRANCISCO, Jan. 20, 2021 /PRNewswire/ — The global aviation IoT market size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to…

SAN FRANCISCO, Jan. 20, 2021 /PRNewswire/ — The global aviation IoT market size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.4% from 2021 to 2028. The aviation industry is tectonically shifting toward automated and intelligent systems in line with the continued advances in technology. At this juncture, IoT (internet of things) devices are emerging as crucial devices for the incumbents of the aviation industry to gather real-time data and derive actionable insights.

Grand_View_Research_Logo

Key suggestions from the report:

  • Enhancement of passenger experience and modernization of the existing airport infrastructure are expected to be the crucial factors responsible for the surging deployment of IoT-compatible solutions across the aerospace industry
  • Development of an advanced Aircraft Health Monitoring System (AHMS) for monitoring aircraft operation helps predict maintenance and identify the failure of components in advance to reduce the risks and downtime of aircraft maintenance
  • Key airline operators are utilizing cloud computing technology to store the large volumes of data generated from numerous sensors, thereby opening opportunities for intercontinental airline operators to analyze the data for deriving insights
  • IoT-enabled aircraft cabins can potentially offer personalized entertainment content and some of the prime airline operators have already adopted such IFE modules to increase passenger loyalty and enhance ancillary revenues

Read 104 page research report with ToC on «Aviation IoT Market Size, Share & Trends Analysis Report By Application (Ground Operations, Passenger Experience, Aircraft Operations, Asset Management), By End-use, By Region, And Segment Forecasts, 2021 – 2028» at: https://www.grandviewresearch.com/industry-analysis/aviation-internet-of-things-market

The aviation industry is continuously adopting a digital ecosystem and is subsequently set to generate large volumes of data. The development of a more recent version of the Internet Protocol (IP), Internet Protocol version 6 (IPv6), has already improved the data handling capability and the overall functionality. The introduction of low-power terrestrial networks in L-band to support 5G connectivity is expected to further enhance the data transfer capacity, thereby encouraging the deployment of IoT-compatible devices in the aviation industry.

IoT is expected to play a critical role in weather forecasting as well as monitoring various systems of the aircraft in real-time. Monitoring the weather using advanced sensors and analyzing the gathered weather data can help airlines in making crucial decisions in real-time and choosing alternative flight routes. Similarly, deploying IoT sensors and devices inside the aircraft can help in monitoring engine performance and subsequently reducing fuel consumption and improving the profit margins.

Grand View Research has segmented the global aviation IoT market by application, end-use, and region:

  • Aviation IoT Application Outlook (Revenue, USD Million, 2016 – 2028)
    • Ground Operations
    • Passenger Experience
    • Aircraft Operations
    • Asset Management
  • Aviation IoT End-use Outlook (Revenue, USD Million, 2016 – 2028)
    • Airport
    • Airline Operators
    • MRO
    • Aircraft OEM
  • Aviation IoT Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
    • Latin America
    • Middle East & Africa (MEA)

List of Key Players of Aviation IoT Market

  • Honeywell International, Inc.
  • Tata Communication
  • Cisco Systems, Inc.
  • Huawei Technologies Co. Ltd.
  • SITAONAIR

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

  • Interactive Kiosk Market – Global interactive kiosk market size was valued at USD 26.63 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2021 to 2028.
  • Aviation Actuator Systems Market – Global aviation actuator systems market is expected to witness significant growth over the forecast period. The aviation industry has been witnessing technological advancement in aircraft models, leading to improvement in the actuator systems.
  • Aerospace and Defense Springs Market – Global aerospace and defense springs market size was valued at USD 260 million in 2018 and is expected to attain a CAGR of 5.2% over the forecast period.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter 

 

Cision View original content:http://www.prnewswire.com/news-releases/aviation-iot-market-size-worth-22-51-billion-by-2028–cagr-21-4-grand-view-research-inc-301211576.html

SOURCE Grand View Research, Inc.

Driving Simulator Market Size To Advance At 3.4% CAGR By 2027, Owing To Emergence of ADAS in Automobile and Rising Focus on R&D To Build Vehicles with Advanced Features | Million Insights

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of…

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market. Driving simulators helps in evaluating the performance of the vehicles in real-time under a controlled environment. Further, the advent of autonomous vehicles is supplementing the market growth.

These simulators help in training the new recruits and enhancing the skills of experienced operators in industries such as automobile, marine and aviation. Driving simulators are capable of offering driving lessons from basics to advance. Under this, drivers get exposure to various challenges that they might face during real-time driving. Thus, these methods help in ensuring passenger safety.

In the aviation sector, the simulators are used to train pilots of commercial aircraft, military aircraft and helicopters. In addition, simulators are gaining traction in various other industries such as gaming and motorsports. In amusement parks, bikes and cars driving simulators are increasingly used. These simulators make users more engaging.

Please click here to get the sample pdf and find more details on «Driving Simulator Market» Report 2027.

Europe accounted for the largest share in the driving simulator market seconded by North America. Matured automobile industry owing to the presence of several leading manufacturers is attributing to the growth of the region. On the other hand, APAC is likely to register the highest CAGR over the forecast years.

Further key findings from the report suggest:

  • In 2019, the full-scale simulators accounted for nearly 41% of share in the market owing to its cost-effective nature.
  • Based on the application, the research and testing category held the largest share in the market and projected to witness the fastest CAGR over the forecast duration.
  • Aviation category dominated the market among different end-users in 2019, primarily because of the rapid rise in air traffic.
  • Europe dominated the market in 2019 owing to increasing demand from the automobile industry.

Browse 80 page research report with TOC on «Global Driving Simulator Market» at: https://www.millioninsights.com/industry-reports/global-driving-simulator-market

Million Insights has segmented the global driving simulator market on the basis of simulator type, application, end use and region:

  • Driving Simulator Type Outlook (Revenue, USD Million, 2016 – 2027
    • Compact
    • Full-scale
    • Advanced
  • Driving Simulator Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Research & Testing
    • Training
    • Motor Sports & Gaming
  • Driving Simulator End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Automotive
    • Marine
    • Aviation
  • Driving Simulator Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S
      • Canada
    • Europe
      • U.K.
      • German
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

Explore more research reports on Automotive & Transport Industry by Million Insights:

  • Autonomous Vehicle Market – The global autonomous vehicle market demand is accounted for 6.7 thousand units in 2020. The market is estimated to register 63.1% CAGR over the forecast duration, 2021 to 2030. Autonomous vehicles, alternatively known as self-driving cars, are one of the major breakthroughs in the field of automotive and transportation.
  • Fuel Cell Vehicle Market – The global fuel cell vehicle market size was worth USD 194.5 million in 2017. The market is projected to ascend at a CAGR of 33.7% over the forecast duration. Growing air pollution has led to a rise in demand for alternate fuel vehicles, which, in turn, is propelling the growth of the fuel cell vehicles.
  • Automotive Metal Stamping Market – The global automotive metal stamping market size was worth USD 70.42 billion in the year 2015. The process of creating different sizes & shapes by transforming sheet metal is called automotive metal stamping. Over the years, the automotive industry relied on metals like cast iron, steel, titanium, and aluminum for assembling & manufacturing different tools, equipment, and machinery.
  • Automotive Natural Gas Vehicle (NGV) Market– The global automotive natural gas vehicle (NGV) market was accounted for 28,201.3 thousand units in 2019. It is projected to register the CAGR of around 3.5% over the forecast period, 2020-2027. Rising adverse impact of harmful gas emission is anticipated to trigger the transportation industry to seek for natural gas-fueled vehicles.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Follow Us: LinkedIn | Twitter

Driving Simulator Market Size To Advance At 3.4% CAGR By 2027, Owing To Emergence of ADAS in Automobile and Rising Focus on R&D To Build Vehicles with Advanced Features | Million Insights

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of…

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market. Driving simulators helps in evaluating the performance of the vehicles in real-time under a controlled environment. Further, the advent of autonomous vehicles is supplementing the market growth.

These simulators help in training the new recruits and enhancing the skills of experienced operators in industries such as automobile, marine and aviation. Driving simulators are capable of offering driving lessons from basics to advance. Under this, drivers get exposure to various challenges that they might face during real-time driving. Thus, these methods help in ensuring passenger safety.

In the aviation sector, the simulators are used to train pilots of commercial aircraft, military aircraft and helicopters. In addition, simulators are gaining traction in various other industries such as gaming and motorsports. In amusement parks, bikes and cars driving simulators are increasingly used. These simulators make users more engaging.

Please click here to get the sample pdf and find more details on «Driving Simulator Market» Report 2027.

Europe accounted for the largest share in the driving simulator market seconded by North America. Matured automobile industry owing to the presence of several leading manufacturers is attributing to the growth of the region. On the other hand, APAC is likely to register the highest CAGR over the forecast years.

Further key findings from the report suggest:

  • In 2019, the full-scale simulators accounted for nearly 41% of share in the market owing to its cost-effective nature.
  • Based on the application, the research and testing category held the largest share in the market and projected to witness the fastest CAGR over the forecast duration.
  • Aviation category dominated the market among different end-users in 2019, primarily because of the rapid rise in air traffic.
  • Europe dominated the market in 2019 owing to increasing demand from the automobile industry.

Browse 80 page research report with TOC on «Global Driving Simulator Market» at: https://www.millioninsights.com/industry-reports/global-driving-simulator-market

Million Insights has segmented the global driving simulator market on the basis of simulator type, application, end use and region:

  • Driving Simulator Type Outlook (Revenue, USD Million, 2016 – 2027
    • Compact
    • Full-scale
    • Advanced
  • Driving Simulator Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Research & Testing
    • Training
    • Motor Sports & Gaming
  • Driving Simulator End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Automotive
    • Marine
    • Aviation
  • Driving Simulator Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S
      • Canada
    • Europe
      • U.K.
      • German
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

Explore more research reports on Automotive & Transport Industry by Million Insights:

  • Autonomous Vehicle Market – The global autonomous vehicle market demand is accounted for 6.7 thousand units in 2020. The market is estimated to register 63.1% CAGR over the forecast duration, 2021 to 2030. Autonomous vehicles, alternatively known as self-driving cars, are one of the major breakthroughs in the field of automotive and transportation.
  • Fuel Cell Vehicle Market – The global fuel cell vehicle market size was worth USD 194.5 million in 2017. The market is projected to ascend at a CAGR of 33.7% over the forecast duration. Growing air pollution has led to a rise in demand for alternate fuel vehicles, which, in turn, is propelling the growth of the fuel cell vehicles.
  • Automotive Metal Stamping Market – The global automotive metal stamping market size was worth USD 70.42 billion in the year 2015. The process of creating different sizes & shapes by transforming sheet metal is called automotive metal stamping. Over the years, the automotive industry relied on metals like cast iron, steel, titanium, and aluminum for assembling & manufacturing different tools, equipment, and machinery.
  • Automotive Natural Gas Vehicle (NGV) Market– The global automotive natural gas vehicle (NGV) market was accounted for 28,201.3 thousand units in 2019. It is projected to register the CAGR of around 3.5% over the forecast period, 2020-2027. Rising adverse impact of harmful gas emission is anticipated to trigger the transportation industry to seek for natural gas-fueled vehicles.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Follow Us: LinkedIn | Twitter

Cision View original content:http://www.prnewswire.com/news-releases/driving-simulator-market-size-to-advance-at-3-4-cagr-by-2027–owing-to-emergence-of-adas-in-automobile-and-rising-focus-on-rd-to-build-vehicles-with-advanced-features–million-insights-301211588.html

SOURCE Million Insights

Driving Simulator Market Size To Advance At 3.4% CAGR By 2027, Owing To Emergence of ADAS in Automobile and Rising Focus on R&D To Build Vehicles with Advanced Features | Million Insights

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of…

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market. Driving simulators helps in evaluating the performance of the vehicles in real-time under a controlled environment. Further, the advent of autonomous vehicles is supplementing the market growth.

These simulators help in training the new recruits and enhancing the skills of experienced operators in industries such as automobile, marine and aviation. Driving simulators are capable of offering driving lessons from basics to advance. Under this, drivers get exposure to various challenges that they might face during real-time driving. Thus, these methods help in ensuring passenger safety.

In the aviation sector, the simulators are used to train pilots of commercial aircraft, military aircraft and helicopters. In addition, simulators are gaining traction in various other industries such as gaming and motorsports. In amusement parks, bikes and cars driving simulators are increasingly used. These simulators make users more engaging.

Please click here to get the sample pdf and find more details on «Driving Simulator Market» Report 2027.

Europe accounted for the largest share in the driving simulator market seconded by North America. Matured automobile industry owing to the presence of several leading manufacturers is attributing to the growth of the region. On the other hand, APAC is likely to register the highest CAGR over the forecast years.

Further key findings from the report suggest:

  • In 2019, the full-scale simulators accounted for nearly 41% of share in the market owing to its cost-effective nature.
  • Based on the application, the research and testing category held the largest share in the market and projected to witness the fastest CAGR over the forecast duration.
  • Aviation category dominated the market among different end-users in 2019, primarily because of the rapid rise in air traffic.
  • Europe dominated the market in 2019 owing to increasing demand from the automobile industry.

Browse 80 page research report with TOC on «Global Driving Simulator Market» at: https://www.millioninsights.com/industry-reports/global-driving-simulator-market

Million Insights has segmented the global driving simulator market on the basis of simulator type, application, end use and region:

  • Driving Simulator Type Outlook (Revenue, USD Million, 2016 – 2027
    • Compact
    • Full-scale
    • Advanced
  • Driving Simulator Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Research & Testing
    • Training
    • Motor Sports & Gaming
  • Driving Simulator End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Automotive
    • Marine
    • Aviation
  • Driving Simulator Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S
      • Canada
    • Europe
      • U.K.
      • German
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

Explore more research reports on Automotive & Transport Industry by Million Insights:

  • Autonomous Vehicle Market – The global autonomous vehicle market demand is accounted for 6.7 thousand units in 2020. The market is estimated to register 63.1% CAGR over the forecast duration, 2021 to 2030. Autonomous vehicles, alternatively known as self-driving cars, are one of the major breakthroughs in the field of automotive and transportation.
  • Fuel Cell Vehicle Market – The global fuel cell vehicle market size was worth USD 194.5 million in 2017. The market is projected to ascend at a CAGR of 33.7% over the forecast duration. Growing air pollution has led to a rise in demand for alternate fuel vehicles, which, in turn, is propelling the growth of the fuel cell vehicles.
  • Automotive Metal Stamping Market – The global automotive metal stamping market size was worth USD 70.42 billion in the year 2015. The process of creating different sizes & shapes by transforming sheet metal is called automotive metal stamping. Over the years, the automotive industry relied on metals like cast iron, steel, titanium, and aluminum for assembling & manufacturing different tools, equipment, and machinery.
  • Automotive Natural Gas Vehicle (NGV) Market– The global automotive natural gas vehicle (NGV) market was accounted for 28,201.3 thousand units in 2019. It is projected to register the CAGR of around 3.5% over the forecast period, 2020-2027. Rising adverse impact of harmful gas emission is anticipated to trigger the transportation industry to seek for natural gas-fueled vehicles.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Follow Us: LinkedIn | Twitter

Driving Simulator Market worth $2.1 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving…

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving Simulator), Training Simulator Type (Compact Simulator and Full-Scale Simulator), End User, Region – Forecast to 2025″, published by MarketsandMarkets™, the Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The growth of the Driving Simulator Market can be attributed to the increasing demand of skilled drivers due to high road accident rate, growing air traffics, upcoming high speed train projects, and significant R&D investments in autonomous vehicles.

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Browse in-depth TOC on «Driving Simulator Market»

126 – Tables
71 – Figures
220 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 171814690  

Europe is expected to be the largest Driving Simulator Market in the forecast

Europe presents a big growth opportunity for training simulators as the regulations related to safety and environment has become stringent in the region. These changes are propelling the market for the testing and development of vehicles, which will further increase the demand for advanced simulators. Apart from this, the region is home to major players like IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI-grade, and SHRail, which increases the growth opportunity of the market. For instance, in April 2018, IPG Automotive released version 7.0 of the CarMaker product family—a simulation software with new functionalities for virtual test driving. In February 2018, Rexroth supplied one of the most advanced motion platforms for a new set of Renault automotive simulators being constructed by system integrator company—AVSimulation.

Asia Pacific is expected to be the fastest-growing market during the forecast

The Driving Simulator Market is expected to show fastest growth in the Asia Pacific due to an increase in training programs, passenger traffic, and safety concerns are the major reasons for increased demand for skilled drivers, especially in India and South Korea. Also, infrastructural developments and industrialization in emerging economies like India have opened new avenues, creating several opportunities for automotive OEMs and simultaneously for driving simulators as well. In addition, the growing awareness regarding driving safety measures has triggered the demand for driving simulators. The requirement of training of new drivers updated with traffic regulations will contribute to the demand for simulators.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 171814690  

The compact simulator segment is expected to be the largest training simulator type in the forecast

Compact simulators are the most basic type of simulators. They are compact in size and can be easily transported between several sites. Compact simulators offer 3–6 DoF (degrees of freedom). They are equipped with LCD screens, a manual or automatic gearbox, a handbrake, and a real steering wheel with force-feedback. Such simulators are comparatively less expensive than full-scale simulators, making them preferable. Compact simulators are an ideal solution for automotive OEMs who use desktop technology to prepare models for a more advanced simulator (both static and dynamic).

Players in the Driving Simulator Market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.

Browse Related Reports:

ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to 2030

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/driving-simulator-market.asp  
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/driving-simulator.asp

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Driving Simulator Market worth $2.1 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving…

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving Simulator), Training Simulator Type (Compact Simulator and Full-Scale Simulator), End User, Region – Forecast to 2025″, published by MarketsandMarkets™, the Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The growth of the Driving Simulator Market can be attributed to the increasing demand of skilled drivers due to high road accident rate, growing air traffics, upcoming high speed train projects, and significant R&D investments in autonomous vehicles.

MarketsandMarkets Logo

Browse in-depth TOC on «Driving Simulator Market»

126 – Tables
71 – Figures
220 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 171814690  

Europe is expected to be the largest Driving Simulator Market in the forecast

Europe presents a big growth opportunity for training simulators as the regulations related to safety and environment has become stringent in the region. These changes are propelling the market for the testing and development of vehicles, which will further increase the demand for advanced simulators. Apart from this, the region is home to major players like IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI-grade, and SHRail, which increases the growth opportunity of the market. For instance, in April 2018, IPG Automotive released version 7.0 of the CarMaker product family—a simulation software with new functionalities for virtual test driving. In February 2018, Rexroth supplied one of the most advanced motion platforms for a new set of Renault automotive simulators being constructed by system integrator company—AVSimulation.

Asia Pacific is expected to be the fastest-growing market during the forecast

The Driving Simulator Market is expected to show fastest growth in the Asia Pacific due to an increase in training programs, passenger traffic, and safety concerns are the major reasons for increased demand for skilled drivers, especially in India and South Korea. Also, infrastructural developments and industrialization in emerging economies like India have opened new avenues, creating several opportunities for automotive OEMs and simultaneously for driving simulators as well. In addition, the growing awareness regarding driving safety measures has triggered the demand for driving simulators. The requirement of training of new drivers updated with traffic regulations will contribute to the demand for simulators.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 171814690  

The compact simulator segment is expected to be the largest training simulator type in the forecast

Compact simulators are the most basic type of simulators. They are compact in size and can be easily transported between several sites. Compact simulators offer 3–6 DoF (degrees of freedom). They are equipped with LCD screens, a manual or automatic gearbox, a handbrake, and a real steering wheel with force-feedback. Such simulators are comparatively less expensive than full-scale simulators, making them preferable. Compact simulators are an ideal solution for automotive OEMs who use desktop technology to prepare models for a more advanced simulator (both static and dynamic).

Players in the Driving Simulator Market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.

Browse Related Reports:

ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to 2030

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/driving-simulator-market.asp  
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/driving-simulator.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Driving Simulator Market worth $2.1 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving…

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving Simulator), Training Simulator Type (Compact Simulator and Full-Scale Simulator), End User, Region – Forecast to 2025″, published by MarketsandMarkets™, the Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The growth of the Driving Simulator Market can be attributed to the increasing demand of skilled drivers due to high road accident rate, growing air traffics, upcoming high speed train projects, and significant R&D investments in autonomous vehicles.

MarketsandMarkets Logo

Browse in-depth TOC on «Driving Simulator Market»

126 – Tables
71 – Figures
220 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 171814690  

Europe is expected to be the largest Driving Simulator Market in the forecast

Europe presents a big growth opportunity for training simulators as the regulations related to safety and environment has become stringent in the region. These changes are propelling the market for the testing and development of vehicles, which will further increase the demand for advanced simulators. Apart from this, the region is home to major players like IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI-grade, and SHRail, which increases the growth opportunity of the market. For instance, in April 2018, IPG Automotive released version 7.0 of the CarMaker product family—a simulation software with new functionalities for virtual test driving. In February 2018, Rexroth supplied one of the most advanced motion platforms for a new set of Renault automotive simulators being constructed by system integrator company—AVSimulation.

Asia Pacific is expected to be the fastest-growing market during the forecast

The Driving Simulator Market is expected to show fastest growth in the Asia Pacific due to an increase in training programs, passenger traffic, and safety concerns are the major reasons for increased demand for skilled drivers, especially in India and South Korea. Also, infrastructural developments and industrialization in emerging economies like India have opened new avenues, creating several opportunities for automotive OEMs and simultaneously for driving simulators as well. In addition, the growing awareness regarding driving safety measures has triggered the demand for driving simulators. The requirement of training of new drivers updated with traffic regulations will contribute to the demand for simulators.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 171814690  

The compact simulator segment is expected to be the largest training simulator type in the forecast

Compact simulators are the most basic type of simulators. They are compact in size and can be easily transported between several sites. Compact simulators offer 3–6 DoF (degrees of freedom). They are equipped with LCD screens, a manual or automatic gearbox, a handbrake, and a real steering wheel with force-feedback. Such simulators are comparatively less expensive than full-scale simulators, making them preferable. Compact simulators are an ideal solution for automotive OEMs who use desktop technology to prepare models for a more advanced simulator (both static and dynamic).

Players in the Driving Simulator Market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.

Browse Related Reports:

ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to 2030

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/driving-simulator-market.asp  
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/driving-simulator.asp

Cision View original content:http://www.prnewswire.com/news-releases/driving-simulator-market-worth-2-1-billion-by-2025–exclusive-report-by-marketsandmarkets-301211546.html

SOURCE MarketsandMarkets

HiPhi Named Exclusive Strategic Partner of 2021 Spartan Race in China

SHANGHAI, Jan. 20, 2021 /PRNewswire/ — HiPhi, Human Horizons’ premium smart all-electric vehicle brand, has been granted exclusive naming rights for the popular 2021 Spartan Race in China. With a mission to help people ‘push their limits’, the strategic partnership will seek to set a precedence for the relationship between high-end sporting events and vehicle brands by bringing the two groups together through promotional events and a range of overlapping branding…

SHANGHAI, Jan. 20, 2021 /PRNewswire/ — HiPhi, Human Horizons’ premium smart all-electric vehicle brand, has been granted exclusive naming rights for the popular 2021 Spartan Race in China. With a mission to help people ‘push their limits’, the strategic partnership will seek to set a precedence for the relationship between high-end sporting events and vehicle brands by bringing the two groups together through promotional events and a range of overlapping branding activities.

Set to be rolled out across the country throughout 2021, Human Horizons’ HiPhi X Super SUV will be present at all 2021 Spartan events.

The Spartan Race is a world-famous obstacle trail running event. Founded in 2007, events now take place in over 30 countries and have seen tens of millions of participants compete in the grueling combination of marathon and obstacle course. Initially established with the intention of providing an accessible yet challenging physical race for a wide audience, Spartan events have grown to encompass the spiritual side of making healthy choices and leading an active life.

HiPhi, Human Horizons’ premium smart all-electric vehicle brand, has been granted exclusive naming rights for the popular 2021 Spartan Race in China.

Reflecting on the partnership, Human Horizons and HiPhi Founder Ding Lei, said «The strategic cooperation between HiPhi and the Spartan Race is about much more than naming rights. The mission of helping people to achieve their best and push forward to greater heights is something we as a company also feel strongly about. The partnership is a way for us to challenge ourselves to be better and show the world our unbreakable spirit.»

Looking to further integrate the partnership, the Spartan Race is offering an exclusive ‘Aim High Training Course’ for HiPhi X customers. The course covers the skills and methods of daily training, information about the race, and an offline physical fitness training camp. The best performers will be invited to attend the Spartan Race and form a HiPhi team. In addition, the two brands have also partnered to organize the ‘HiPhi Children’s Race’, which is an opportunity for little warriors to push themselves and grow.

Set to be rolled out across the country throughout 2021, Human Horizons’ HiPhi X Super SUV will be present at all events. The vehicle will not only be there as a support vehicle for the event, it will also be used as a smart companion to athletes on their journey; helping them go further and push their own limits.

About Spartan Race

The Spartan Race originated in 2007 as an outdoor obstacle race brand founded on the premise of modernizing the military prowess of the ancient Spartans. Today, the Spartan Race holds more than 300 events in more than 30 countries around the world every year and has been attended by more than 10 million people. Since being introduced to China by the operating company, the Shengli Family in 2016, Spartan Warriors has become popular among elite athletes as well as regular people. With more and more people taking part in the Spartan Race as a way to challenge themselves, the competition is no longer just a stage for professional sportsmen. From 2016 to 2020, the Spartan Race held a total of 84 weekend events in China for over half a million participants.

(PRNewsfoto/Human Horizons)

About HiPhi

HiPhi is a premium brand created by Human Horizons and enhanced by its users. HiPhi X is an EV with a lightweight hybrid aluminum-steel construction and sustainable vegan leathers and recyclable materials which add to the sustainable nature of Human Horizons’ EV products.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hiphi-named-exclusive-strategic-partner-of-2021-spartan-race-in-china-301211582.html

SOURCE Human Horizons

NEXE Announces Plant Expansion, Doubling its Operating Footprint

VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ – NEXE Innovations Inc. («NEXE» or «the Company») (TSXV: NEXE) is pleased to announce the expansion of its research, development and manufacturing facility in Surrey, BC. The Company will be doubling its footprint from its existing approximate 10,000 sq. ft. to approximately 20,000 sq. ft.  The expansion will include increased space for laboratories, factory floor and offices.

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VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ – NEXE Innovations Inc. («NEXE» or «the Company») (TSXV: NEXE) is pleased to announce the expansion of its research, development and manufacturing facility in Surrey, BC. The Company will be doubling its footprint from its existing approximate 10,000 sq. ft. to approximately 20,000 sq. ft.  The expansion will include increased space for laboratories, factory floor and offices.

«Our company is poised for immediate growth in production capacity, research activity, and personnel,» said CEO of NEXE Darren Footz. «This expansion will accelerate our product development pipeline and allow us to rapidly increase our capacity for high-speed manufacturing. By adding the space adjacent to our current facility, we will be able to efficiently integrate the various aspects of our business and continue our progress across the board.»

The new space consists of more than 8000 sq. ft. production floor and roughly 2,000 sq. ft. of office space to be used as an innovation center for current and new product development. This plant expansion will house key equipment for manufacturing of the Company’s compostable beverage pods in both K-Cup and Nespresso formats. NEXE will also use the space for order fulfillment as part of the launch of XOMA Superfoods.

«Our research and development center will be fully integrated as part of this facility,» said Chief Scientific Officer Zachary Hudson. «Our product engineering team will be able to rapidly prototype new product designs in the labs by additive manufacturing, and immediately deploy those innovations on the production floor.»

NEXE will take possession of the additional manufacturing space on February 1st 2021, with planned expansion into additional offices on March 1st 2021.

About NEXE Innovations Inc.

NEXE Innovations Inc. is a leader in plant-based compostable technology and advanced materials innovation based in British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in existing major single-serve coffee machines. The proprietary NEXE pod is designed to reduce the significant environmental impact caused by single-serve pods (+40 billion plastic pods discarded every year). With over $35M raised (equity and government funding) to date and over five years of R&D, NEXE is well-positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond.

Social Media

https://twitter.com/nexeinnovations
https://www.facebook.com/nexeinnovations
https://www.linkedin.com/company/nexeinnovations
https://www.instagram.com/nexeinnovations

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release are forward-looking statements or information, which include the proposed use of proceeds, commercialization of the NEXE PODs, including the NEXE Nespresso Compatible Pod, and increase production capacity, create other environmentally friendly compostable packaging opportunities, development of technologies, the potential of the Company’s technology, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as «may», «expect», «estimate», «anticipate», «intend», «believe» and «continue» or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, consumer demand for and sentiment towards the Company’s products, security threats, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, litigation, increase in operating costs, the impact of COVID-19 or other viruses and diseases on the Company’s ability to operate, competition, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions.  Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release.  Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/nexe-announces-plant-expansion-doubling-its-operating-footprint-301211413.html

SOURCE Nexe Innovations Inc.