Booming Automobile Sector Boosts Expansion Avenues for Webbing Manufacturers, Webbing Market to Grow at 6% CAGR during 2019-2027: TMR

ALBANY, N.Y, Oct. 8, 2020 /PRNewswire/ — Webbing refers to sturdy fabric woven in a flat stripor tube form. This fabric is manufactured using a wide range of materials such as polypropylene, nylon, para-aramid synthetic fibers, ultra-high-molecular-weight polyethylene, carbon fibers, polyester, jute, or cotton. Depending on the material used in the manufacturing, webbing holds a wide variety of applications in several industries right from automotive parts to military apparel.

Analysts at TMR emphasize that the global webbing market is likely to grow at a CAGR of approximately 6% during assessment period of 2019 to 2027.The list of key factors that influence positively on the market growth includes increased number of technical textiles, advancement in the loom textile technology, and booming automotive industry.

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Key Findings of Webbing Market Report

  • The global webbing market is foreseen to develop at CAGR of
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MICT Subsidiary Micronet Receives Initial Orders from One of the Largest Automotive OEM Truck Manufacturers in Europe

MONTVALE, N.J., Sept. 29, 2020 /PRNewswire/ — MICT, Inc. (Nasdaq: MICT), (the “Company”), announced today that its majority-owned subsidiary Micronet Ltd. (“Micronet”) has received initial orders from a leading European truck manufacturer for units of its new SmartHub and SmartTab 8 tablets. These are the first orders received from this customer, a very significant Original Equipment Manufacturer (OEM) with tens of thousands of trucks manufactured and sold worldwide. 

These orders were received as part of a field trial conducted by the customer under a broader commercial framework agreement expected to be signed in the near future. Representing Micronet’s first potentially significant engagement with a leading OEM to provide independent telematics services, the Company believes this new engagement has significant revenue potential for Micronet, subject to timing and quantities ordered.

Commenting on this significant development, Darren Mercer, CEO of MICT, said, “We are very excited for Micronet to be

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Injector Nozzle Market Size, Share From 2020 To 2025 | Growth Forecast Analysis By Manufacturers, Type And Application

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (Heraldkeepers) —
Injector Nozzle Market is valued at USD 4667.99 million in 2018 and expected to reach USD 7206.46 million by 2025 with a CAGR of 6.40% over the forecast period.

Brandessece Market Research recently added the Injector Nozzle Market research report which offers a thorough study of the market scenario regarding the market size, share, demand, growth, trends, and forecast from 2020-2026. The report deals with the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has impacted exports, imports, demand and trends in the industry and is expected to have some economic impact on the market. The report offers a comprehensive analysis of the impact of the pandemic across the industry and provides insights into a post-COVID-19 market scenario.

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Aurora Labs Attracts Auto Manufacturers, Electronics Multinationals and Venture Capitalists in its $23 Million Series B Funding Round

TEL AVIV, Israel–(BUSINESS WIRE)–Sep 22, 2020–

Aurora Labs, founded in 2016 by Zohar Fox (CEO) and Ori Lederman (COO), announced today that it has secured $23 million in Series B funding from top automotive manufacturers, electronics and technology corporations and venture capitalists. The round was jointly led by LG Technology Ventures, the investment arm of the LG Group, and Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, majority owner of the VW group which includes Volkswagen, Audi, Porsche, Skoda and SEAT among its brands, Toyota Tsusho, a member of Toyota Group, UL Ventures, the investment arm of UL, the global safety certification company and existing investors participated in the latest round. The Series B funding was substantially oversubscribed.

The $23 million is in addition to the $11.1 million in funding raised previously from investors including Fraser McCombs Capital and MizMaa Ventures. This announcement is a follow-up to a

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