down in 2016 and 2017, as the local automotive manufacturers implemented no expansion of their production capacities. In 2016, the production of transport equipment went up by 1.8% y/y to HUF 7.9tn and by another 1.8% during January-November 2017, compared to a 16.5% y/y rise in 2015 and above 20% y/y growth in 2013 and in 2014. However, the automotive production growth is expected to accelerate, mainly due to the capacity extension project of the local Mercedes-Benz plant which has intentions to build a second plant for production of passenger cars in the country by 2020. This will boost the local production capacity of the company by 80%.

The Czech Republic’s information and communication (ICT) sector generated a gross value added (GVA) of CZK 220.6bn in 2016, up by a real 1.9% y/y. The sector accounted for 4.6% of GDP in 2016, retaining its share in the period 2012-2016. The gross output of the ICT sector amounted to CZK 412.6bn or 8.6% of GDP in 2016. The sector employed 106,200 workers, accounting for 2.7% of the total employment in the country in 2016. The computer programming, consultancy and related activities subsector had the highest number of employees, accounting for 57.4% of the total employment in the sector. In respect to revenues and number of enterprises the subsector also has the highest share in the ICT sector. The mobile penetration was 117.7 subscribers per 100 inhabitants in 2016, lower than the European average of 118.2 subscriptions per 100 inhabitants.

The study on flexible packaging market has been segmented based on raw material, application, and region in terms of volume (kilo tons) and revenue (USD million) over a forecast period of seven years between 2015 and 2022. In terms of raw material, flexible packaging market has been divided into three major segments including paper, aluminum foil, bioplastics and plastics. The plastic segment includes PVC and PE wherein bioplastics include PLA. In terms of application, the market is divided into four major segments including food & beverages, pharmaceutical, cosmetic and others. The others segment includes pet food and tobacco.

The life sciences BPO market is segmented on the basis of services and geography. Services segments analyzed in this report include pharmaceutical outsourcing, medical device outsourcing, contract sales & marketing outsourcing, and others. In addition, geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.

LPG market has been broadly segmented into three categories including source, application, and region. On the basis of source, LPG can be segmented into refinery, associated gas, and non-associated gas. On the basis of application, LPG has been segmented into residential/commercial, chemical, industrial, auto fuel, and refinery.

The Montenegrin telecommunications market is well developed but small and highly saturated in the case of mobile communications. The wireline market continues to benefit from modernisation, with next-generation access networks (NGANs) facilitating the provision of complex, multi-service packages for which operators can charge a premium. However, voice usage is on the decline and the broadband market's expansion potential is hampered by low consumer spending power. The broadband services sector is a little more developed, but dependence on the ageing WiMAX technology also hampers private sector development.

Limited competition, difficult geographical terrain and a low income population have histroically combined to slow the rate of mobile growth in the market, particularly in comparison to other markets. The introduction of a third mobile operator has given some fresh impetus to the market and may drive growth prospects further. Nevertheless, the market remains at a nascent stage of development. We believe there is significant scope for growth here in organic subscriber numbers over the next few years and in terms of 3G/4G and advanced data uptake. The two dominant players, Ncell and the Nepal Doorsanchar Company Limited have carved a significant piece of the market for themselves. Challenging their powers in the market will require significant expertise, technological innovation and price competition.

Wearable technology market can be segmented based on product into wrist-wear, eye-wear, foot-wear, neck-wear, body-wear and others. Wearable technology is used for fitness & wellness, healthcare, infotainment, defense, and enterprise & industrial. Growing awareness to monitor vital health related statistics is anticipated to drive healthcare application segment over the forecast period. Some of the healthcare products available in the market include 9Solutions IPCS, Metria Wearable Sensor, PolyPower, etc.

Wave & tidal energy market has been segmented based on type and region. Based on type, the market has been segmented into wave energy and tidal energy. Based on region, the market has been segmented into North America, Europe, and Asia Pacific. The market is segmented on a regional level based on installed capacity (MW) and revenue (USD Million) with 2016 as the base year and forecast period of 8 years from 2017 to 2025.