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E-Cigarette Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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E-Cigarette Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

E-Cigarette Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 08 Jun 2020
  • Report ID: ICT&S 0017
  • Pages:191
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

An electronic cigarette is an electronic device that simulates tobacco smoking. E-cigarettes produce an aerosol by heating a liquid that usually contains nicotine, the addictive drug in regular cigarettes, flavors, and other chemicals that help to make the aerosol. The users inhale this aerosol into their lungs. E-cigarettes are available in various shapes, such as USB drives and pens. They are known by many other names such as e-cigs, e-hookahs, mods, vape pens, vapes, tank systems, and electronic nicotine delivery systems (ENDS). It consists of main components like the mouthpiece, atomizer, battery, sensor, and solution. E-cigarettes are likely less harmful than smoking tobacco as they contain fewer toxic chemicals, in lower concentrations than cigarette smoke. However, they also contain harmful chemicals that are not found in tobacco smoke. According to a study published by Insure Insights, the e-cigarette market is anticipated to grow at a CAGR of 23.9% during the forecast period.

Top Driver: Safer Alternative for Traditional Smoking and Cost Effectiveness

The growing awareness among the young population concerning the safer alternative for traditional cigarettes is driving the market. In addition, the variety of customization options offered by vendors and improvement has resulted in wide acceptance of e-cigarettes. Advancement in technology has developed high capacity e-cigarettes that produce large quantities of vapor, thereby resulting in growing preference. Moreover, ENDS has helped many smokers quit smoking consecutively, making e-cigarettes preferred effective alternative to smoking. Besides, the cost-effectiveness of disposable models of e-cigarettes and cartridge models, which are rechargeable and contain pre-filled cartridges, makes e-cigarettes reasonably affordable and are considered to be beneficial in the long-term compared to traditional cigarette smoking.

The Rechargeable Segment Accounted for the Largest Share

Among product the segment the market is segmented into disposable, rechargeable and modular devices. The rechargeable segment held the largest share in the market and is expected to be the fastest growing segment. Rechargeable devices are can be used repeatedly, for longer durations and can be switched with different cartridges. Moreover, these devices are quite economic and are widely adopted by people. On the basis of component, the market is segmented into Atomizer, Vape Mod, Cartomizer, E-liquid. The E-liquid segment is expected to be the fastest growing segment. On the basis of distribution channel, the market is segmented into online and retail.

Surge in the Number of Market Players to Benefit North America Market

The North American region is anticipated to gain highest shares. This owes to the factor that include, the market being fragmented, and the presence of key players such as Philip Morris International Inc., JUUL Labs, Inc., and R.J. Reynolds Vapor Company is anticipated to boost the industry. The young population has adopted the new vaping devices as a safe alternative to tobacco, which, in turn, is estimated to boost the adoption of these products. Europe is expected to gain considerable growth in the coming years. The growing popularity of vaping devices has boosted remarkably in recent years. Furthermore, health bodies in the region are approving e-cigarette and vape from vendors, such as British American Tobacco Plc’s Vype and Imperial Brands Plc’s Blu as a better alternative to tobacco smoking. However, factors such as lack of awareness in the technology and stringent regulations concerning vaping in many regions are anticipated to hinder the growth.

Players to Focus on E-cigarette Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Altria Group Inc., British American Tobacco plc, Hangsen, Healthier Choices Management Corp (Ruthless Vapor Corp.), Imperial Tobacco Group, Innokin, International Vapor Group, ITC Limited, J WELL France, Japan Tobacco, Inc., Kimree, Nicotek LLC, Njoy Inc, Philip Morris International among others could be at the forefront of the competition in the global market.

British American Tobacco plc. In July 2017, British American Tobacco plc., (BAT), which is an American British multinational cigarette and also tobacco manufacturing company, had acquired Reynolds American Inc. for an estimated amount of $49 billion. Furthermore, the acquisition favored the BAT to have a stable presence in increased growth emerging markets and higher profitability developed markets.

Philip Morris International Inc.: In June 2018, Philip Morris International Inc. (PMI), which is among the Swiss-domiciled multinational cigarette and tobacco manufacturing company, had entered strategic collaboration with the company Parallax Development Corp. (Parallax). Furthermore, the agreement focused on development and commercialization of effective alternative nicotine-delivery platforms that utilizes the maximum advantage of the most advanced technologies in pulmonary medicine.

Scope of the Report

By Product

  • Disposable
  • Rechargeable
  • Modular Devices

By Component

  • Atomizer
  • Vape Mod
  • Cartomizer
  • E-liquid

By Distribution Channel

  • Online
  • Retail

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Network Forensics Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Network Forensics Market -Industry Snapshots

6.1             Overview

6.1.1          Global Network Forensics Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Network Forensics Market Analysis, by Component

7.1             Overview

7.2             Key Findings for Network Forensics Market- By Type

7.2.1          Network Forensics Market- Software

7.2.2          Network Forensics Market- Services

Chapter 8           Global Network Forensics Market Analysis, by Application

8.1             Overview

8.2             Key Findings for Network Forensics Market- By Application

8.2.1          Network Forensics Market- BFSI

8.2.2          Network Forensics Market- Government

8.2.3          Network Forensics Market- IT and Telecommunication

8.2.4          Network Forensics Market- Manufacturing

8.2.5          Network Forensics Market- Energy and Utilities

8.2.6          Network Forensics Market- Healthcare

8.2.7          Network Forensics Market- Retail

Chapter 9           Global Network Forensics Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Network Forensics Market- By End User

9.2.1          Network Forensics Market- Small and Medium Enterprises

9.2.2          Network Forensics Market- Large Enterprises

Chapter 10       Network Forensics Market Analysis by Region

10.1           Key Findings for Network Forensics Market- By region

10.2           Overview

10.2.1       Global Network Forensics Market Analysis, By Type, 2019 – 2028

10.2.2       Global Network Forensics Market Analysis, By Application, 2019 – 2028

10.2.3       Global Network Forensics Market Analysis, By End User, 2019 – 2028

10.3           Network Forensics Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Application

10.3.7       North America Market, By End User

10.4           Network Forensics Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Application

10.4.9       Europe market by, End User

10.5           Network Forensics Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Application

10.5.8       Asia Pacific Market, By End User

10.6           Network Forensics Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Application

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           IBM Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Cisco Systems

12.3           FireEye

12.4           Symantec Corporation

12.5           NETSCOUT Systems

12.6           EMC RSA

12.7           Viavi Solutions

12.8           LogRhythm

12.9           NIKSUN

12.10        Savvius

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

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