DUBLIN--(BUSINESS WIRE)--The "Magnetic Tape Market - Global Drivers, Restraints, Opportunities, Trends, & Forecast up to 2022" report has been added to ResearchAndMarkets.com's offering.
The global magnetic tape market is expected to grow at a CAGR of 7.6% during the forecast period 2016-2022 to reach $6.5 billion by 2022.
The increasing concern toward data theft and loss in the enterprises is a promising growth potential for the magnetic tape market, and it has the maximum demand. The market has an advantage of bigger share coming from the US and European countries for the advanced technology. This gives North America a lead in the global magnetic tape market. Apart from this, European countries are also developing high demand, following North America, owing to the higher consumer acceptance and high demand from the financial and packaging units.
The presence of high-end electronics market and high consumer spending in North America and Europe are increasing the market of magnetic tape as well. Asia Pacific followed Europe and accounts for the third largest market for magnetic tape with heavy industrialization and the presence of big Chinese market.
Within various end-user areas, data storage is highly dominating the market in overall magnetic tape across regions owing to the high adoption rate and ease of application. Other than data storage, the packaging & labeling solutions is also increasing its market during the forecast period due to increasing investments and R&D innovations along with government interventions.
The synthetic rubber and PVC-based magnetic tapes are expected to remain as materials covering almost the complete market with significant drive coming from developing economies as well.
Some of the key players in the magnetic tape market are 3M, Toshiba Corporation, TDK Corporation, Hitachi Metals Ltd., etc.
- Synthetic Rubber
- Data Storage
- Packaging & Labeling
- Consumer Appliances
- North America
- Asia Pacific
- Rest of the World
- Industry outlook: Market trends, drivers, restraints, and opportunities
Key Topics Covered:
1 Report Outline
2 Executive Summary
3 Market Positioning
4 Market Outlook
5 Market Characteristics
6 Base Material: Market Size and Analysis
7 End-users: Market Size and Analysis
8 Regions: Market Size and Analysis
9 Companies to Watch for
10 Competitive Landscape
11 Expert's Views
- Ampex Electronics
- ECI Telecom Ltd.
- General Electric (GE)
- Hitachi Metals Ltd.,
- International Business Machines (IBM)
- Koninklijke Philips N.V.
- Sanbros Engineering Works
- TDK Corporation
- Toshiba Corporation
- Toyota Motor Corporation
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