USD 6.7 BN MARKET OPPORTUNITY IS OPENING UP IN LIGHTWEIGHTING MARKET
Download PDFDISRUPTION - EVS, FCVS, FLYING TAXI AND GROWING DEMAND FOR FUEL EFFICIENT VEHICLES WILL DISRUPT THE MATERIAL MARKET AND PAVE THE WAY FOR LIGHTWEIGHTING MATERIALS
Evs, FCvs, flying taxi and growing demand for fuel efficient vehicles will disrupt the material market and pave the way for lightweighting materials
Growing Environment concern and demand for fuel efficient vehicles and alternative source of energy
Lightweighting: Changes in Landscape of Future Composites Application Market
Lightweighting: Changes in Landscape of Future Composites Application Market
TOP Lightweighting Market GROWTH STORIES
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WHY DO COMPANIES NEED HELP TO GROW?
ABSENCE OF ORIGINAL RESEARCH:
- Complex and overlapping markets for library prep and target enrichment kits, hence difficult to calculate market potential and TAM
- Insufficient secondary research for strategic decisions
INTELLIGENCE IS NOT DEMOCRATISED:
- Client unmet needs need to be understood by all market facing employees for new product development and vendor selection.
- Limited knowledge about upcoming technologies and growing applications such as ride sharing, battery technologies/chemistry,
GROWTH PROGRAM DESIGN AND EXECUTION:
- Lack of GTM knowledge and practice in competitive intel, pricing and product features
SOME UNKNOWNS & ADJACENCIES
- Adoption levels of electric vehicles is low as compared to ICE. Currently it ranges between 5-10% globally, however, in some countries it is approaching 15% - 20%. As electric vehicle help reduces vehicle emission, it is getting push from the governments also
- Currently, Battery Electric Vehicles (BEVs) in the passenger car segment are largely sold for personal transportation.
- Increasing focus on electric commercial transportation drives the adoption of electric trucks and electric buses. Government investments in public transportation to offer huge opportunity for electric buses
- Adjacent markets such as electric vehicle components, electric vehicle battery, and electric vehicle charging stations and required services to provide immense growth opportunities
- Battery technology is changing rapidly and introduction of new battery technology such as Sodium Ion, Lithium-Air, and Solid-state batteries is expected to disrupt the EV market.
GROWTH PROBLEMS ENCOUNTERED BY Lightweighting Market COMPANIES
Customer prioritization and assessing unmet needs:
- What are the disruptions in our clients' businesses? How can we support them for our own growth?
- Who are the most potential customers going forward? Should we prioritize personal mobility or shared mobility?
- What are the key unmet needs of customers? Who are the key stakeholders in different settings? Do vendor selection criteria differ by settings? Which new product features should be added to the existing products?
Where to Play:
- Which electric vehicle type and drive type should we focus on? Should it be battery electric vehicle or any other?
- Which regions should we place our bets on? Should we continue with developed countries or do developing countries offer more growth opportunities?
Building a compelling Right to Win (RTW):
- For M&A, which are the right targets for us? Should we target battery manufacturers or components manufacturers? Should we enter new markets directly or through partners?
- How can we differentiate from top players? What is their right-to-win vs ours?
OBSTACLES TO GROWTH FOR CURRENT PLAYERS
- Not able to keep pace with fast evolving electric vehicle industry - New technologies are emerging leading to decreasing cost of batteries and higher adoption of EVs
- Many start-ups and emerging companies eating up market share of established companies
- Limited clarity on unmet needs, hence requirements for product features
- Limited clarity on relevant vs redundant sequencing services for the future
- Unclear picture about the regulatory scenario
KEY UNCERTAINTIES/ PERSPECTIVES WHICH INDUSTRY LEADERS SEEK ANSWERS TO:
KEY QUESTIONS OF Lightweighting Market COMPANIES
- What sequencing services will be relevant and redundant in the next 5 years?
- Can genetic sequencing become affordable for routine testing, or will it continue being used for specific diseases?
- What is the level of sensitivity that will be required for advanced genetic sequencing?
- How can companies optimize the manufacturing processes to be more agile and efficient to achieve a more seamless workflow?
- What regulatory policies can help strategize and achieve volumetric scale-up?
- What can be done to train more people into performing and analyzing advanced sequencing techniques on crops and microorganisms?
KEY QUESTIONS OF COMPANIES IN ADJACENT MARKETS
- What are the regulations surrounding data privacy and security?
- Which machine learning approaches can be used to address data limitations so that AI models do not lead to misleading insights or faulty predictions?
- How are companies handling machine bias?
- When can a 100% AI integration into genomics be expected?
- What will be the impact of automation on genomics market?
What is driving change
in your business
- Product life cycles getting shorter.
- Ecosystems getting converged.
- Newer technologies and new use-cases disrupting.
- New markets, new geographies, new clients, competition and partners.
Are changes only impacting you or your clients and their clients as well?
The trial will be a guided tour by our representative to help you discover the shift in revenue sources of your clients and clients' clients that will impact your revenue. This is your opportunity to unlock the research IP worth $100 million
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INDICATIVE LIST OF OTHER PROJECTS EXECUTED FOR Lightweighting Market COMPANIES:
- STUDY
- NGS Library Prep, Target Enrichment, Sample Prep Automation & Bioinformatics Market Assessment
- Market Assessment & End-user Perception Analysis Study for Flow Cytometry Reagents
- LIMS Market Assessment & Competitive Landscape Study
- IVD Competitive Intelligence Study
- Lab Informatics Market Assessment
- NGS Library Prep, Target Enrichment & Bioinformatics Market Assessment
- Life Sciences research Platform Market Analysis
- Agriculture and Animal Genomics Market Assessment
- Insights on Library Prep Process – End user Analysis
- Target Enrichment & Library Prep Market Analysis
- Assessment of Private Clinical Laboratories
- NGS Sequencing Services Market Assessment & Competitive Landscape
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impacting you and
your clients
Lightweighting Market COMPANIES
JENNIFER PRESTON
Global Market Intelligence & Strategy Director
Thermo Fisher CMD
https://www.thermofisher.com/in/en/home.html
MarketsandMarkets offers a unique combination of expertise and dedicated engagement model. The Analysts and Client Services team at MarketsandMarkets is extremely supportive and flexible, the analytical capabilities are commendable. The business insights were very detailed and aligned well with our expectations which we have been using to make strategic decisions. We were thoroughly impressed with their approach and continue to partner on revenue impact.
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