How is Increasing Number of Healthcare Institutions Driving Hospital Lighting System Market?

The number of healthcare institutions around the world is growing rapidly because of the growing geriatric population, rising prevalence of chronic diseases, and surging patient base. As per the American Hospital Association, in 2016, the number of hospitals in the U.S. was approximately 15,908.

In addition to this, to provide better facilities to patients, the demand for technologically advanced facilities is increasing. Healthcare service providers are focusing on modifying the hospital environment for minimizing stress of visitors, improving conditions for both patients and staff, and reducing errors.

One way of improving the hospital environment is using efficient lighting systems due to which the requirement for hospital lighting systems is on the rise. According to a report by P&S Intelligence, the global hospital lighting system market generated a revenue of $5,328.1 million in 2017 and is further projected to grow at a CAGR of 6.4% in the coming years.

Several applications of hospital lighting system include examination rooms, operating rooms, clean rooms, entrance, carparks, waiting rooms & common rooms, diagnostic & imaging rooms, corridors & staircases, and patient rooms/ward rooms. Among all these applications, the largest demand for hospital lighting systems was created for patient rooms/ward rooms, as proper installation of lighting systems has a positive effect on the health of the patient by restoring the body’s circadian rhythm.

At the present time, the energy consumption in hospitals is on the rise. However, in order to take care of this situation, the government initiatives to improve energy efficiency in hospitals are increasing as well.

Global Hospital Lighting System Market Segmentation

By Product

• Surface Mounted
• Recessed
• Wall Mounted
• Hanging
• Others (Emergency Lights, Exit Lights, and Step Lights)

By Technology

• Light Emitting Diode (LED)
• Induction
• Fluorescent
• Incandescent

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Growing Trend for Car Security Systems in Market

The increase in vehicle sales, customer’s preference for sophisticated and reliable vehicle security systems and government regulations are the major growth drivers for the global car security systems market. The growing consumer awareness about sophisticated vehicle security features, and vehicle security regulations are the other factors driving the growth of the global market. Owing to the worldwide increase in the production and sales of cars, the global car security systems market is anticipated to witness extraordinary growth during the forecast period. The increasing demand for engine start security and keyless access systems, and growing use of smart mobile applications in vehicle security systems are some of the opportunities, which are expected to give a major boost to the growth of the global market for car security systems in the future.

Car security systems are the systems used to protect the vehicle and prevent the car from getting stolen. Due to the highest population in developing countries, such as China and India, the car sales are also increasing, which is also driving the growth of the global car security systems market.  Western Europe is anticipated to be the second largest market and is likely to show strong potential for car security system in the near future. Car security system has become mandatory for newly produced cars in some of the Western European countries, such as the U.K. and Finland. The German market of car security systems is driven by the compulsory integration of security systems, such as alarms, immobilizers, and remote keyless entry in the cars. North America is poised to show strong growth opportunities for the car security system market, especially in the United States. According to federal bureau of investigation (FBI), in 2013, 699,594 motor vehicles were reported to be stolen in the U.S.  The growing vehicle thefts is a major factor, driving the growth of the global vehicle security systems market.

However, high cost of car security systems and failure of vehicle security systems are some of the factors restraining the growth of the market. The different types of anti-theft security systems are used by vehicle manufacturers; for example, General Motors have a system called content theft deterrent (CTD) system, which starts an alarm if the doors are opened without the key. However, the system does not prevent a thief from driving the car away. As compared to aftermarket anti-theft systems, the factory installed security systems are more reliable and have less probability to misbehave. Another concern with some of the aftermarket anti-theft systems is the durability of the Chinese electronics used in the anti-theft module. The aftermarket systems are mostly equipped with recycled chips or other components of poor quality, which fail in an year or two, while the system starts to cause problems. 

Mitsubishi Electric Corporation, Robert Bosch GmbH, HELLA KGaA Hueck & Co., Lear Corporation, Tokai Rika Co. Ltd., ALPS ELECTRIC CO. LTD., Delphi Automotive LLP are some of the competitors in the global car security systems market.

Market Segmentation:
By Type

• Alarm
• Immobilizer
• Remote Keyless Entry (RKE)
• Central Locking System

By Technology

• Global Positioning System (GPS)
• Face Detection System(FDS)
• Real Time Location System (RTLS)
• Global System for Mobile Communication (GSM)
• Radio Frequency Identification (RFID)
• Others

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Optical Metrology Effectively Tackling the Riddle of Precise Measurements

The global optical metrology market is being driven by the increasing requirement for precise measurements and product assessments in the semiconductor, oil and gas, and manufacturing sectors. Generating revenue of $1,989.2 million in 2017 according to a P&S Intelligence study, the domain is expected to advance with a CAGR of 6.5% during the forecast period 2018–2023.

Optical metrology, in this regard, provides the solution in various avatars, including 3D laser scanners that dominated the productsegmentation of optical metrology market, which also includes video measuring machines and laser micrometery, with more than 70.0% revenue share in 2017.

Coming to the global scenario, North America led the domain in the historical period 2013–2017 in terms of revenue generation, accounting for more than 30.0% market share. It is a universally accepted truth that technology helps make life easier, but on the downside, it makes machines and associated components complicated. As conventional measurement techniques have proved ineffective due to the rising complexities in machines, firms have sought an answer to the riddle of exact measurements and assessments.

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Owing to the growing automotive, aerospace, and defense industries, particularly in the U.S., the adoption rate of this technology for precise measurements grew. However, the future revenue and sales CAGRs of the optical metrology market are expected be the highest in Asia-Pacific, owing to the rapidly expanding automotive industries in China and India.

Thus, it is clear that, as machines and tools keep becoming more complex, optical metrology will be used even more in the coming years.

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Asia Low-Speed Electric Vehicle Market Players, Competition, Situation & Trends Research Report

Stringent government regulations on emissions coupled with the rising demand for cleaner air is driving the growth of the Asia low-speed electric vehicle market. An electric vehicle is the one that utilizes an electric motor for propulsion instead of an internal combustion engine, hence producing no carbon emission. The ‘low-speed’ aspect here concerns the vehicle speed, which ranges between 25 kmph and 50 kmph. On the basis of product, the market can be categorized as two-wheeler, three-wheeler, and four-wheeler. As per a P&S Intelligence study, by 2025, the market for these vehicles will reach 71.8 million units in terms of sales.

In 2017, two-wheelers registered the highest sales in terms of volume (over 75.0%), primarily owing to urbanization in the region and cost-effectiveness of the models. As urbanization increased, more people required modes for short-distance commute, and since electric two-wheelers were easily affordable, these were bought heavily. The reason for their low cost was the rise in use of lithium ion (Li-ion) battery, which is smaller and cheaper than the sealed lead acid (SLA) battery. Preference for li-ion batteries also increased on account of the harmful effects associated with the improper disposal of SLA variants.

Of all two-wheelers, scooters led the low-speed electric vehicle market in Asia-Pacific (APAC) during the historical period in terms of sales and revenue. Their popularity can be attributed to their cost-effectiveness compared to electric bikes, in addition to features such as top speed up to 50 kmph and high comfort level during long-distance journeys. Taking note of these two developments, market players are coming up with improved Li-ion battery-powered electric scooters.

For instance, in 2018, Hero Electric Vehicles Pvt. Ltd. unveiled its Speed NYX e5 electric scooter, which has a top speed of 40 kmph and can run up to 60 km after a full charge. Two-wheelers are predicted to be the most popular product type in the Asia-Pacific (APAC) low-speed electrical vehicle (LSEV) market during the forecast period 2018–2025 as well, three-wheelers will follow. This is substantiated by the fact that the sales of three-wheelers in APAC have increased steadily during the historical period. Favorable government policies toward electrification of public transport systems greatly helped in this regard.

A citable example would be India, where the government, under its FAME-India electric mobility scheme, is encouraging the adoption of electric vehicles by offering subsidies. Since three-wheelers are an essential mode of daily commute in countries, including India and China, these policies and resulting sales of such products are expected to advance the Asia-Pacific (APAC) low-speed electric vehicle market. Manufacturers are increasing their production capacities to meet the growing demand within these countries.

Talking of the overall future sales CAGR, that of four-wheelers is expected to be the highest during the forecast period. Due to rising congestion on city streets, a need is being felt for cars that are compact, freeing up more road space, as well as easily maneuverable. This is where micro cars come in, which, coupled with government focus on reducing emissions, are leading to the development of battery-operated four-wheelers. Though the low-speed EV market in Asia-Pacific (APAC) for micro cars is still small, development of advanced batteries, which can be charged quickly, is expected to aid in its progress.

Therefore, it becomes clear that growing pollution levels will result in increased LSEV sales in APAC.

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Electric Bike(E-Bike) Market is Set to Boom In Near Future

Due to government initiatives toward the adoption of eco-friendly vehicles in the form of tax concessions, rapid urbanization, growing concern for carbon emission, and low maintenance cost of electric vehicles, the market for electric two wheelers is growing. The e-bike market and e-scooter market size is projected to grow to $13,864.0 million by 2025, increasing at a 7.3% CAGR during the forecast period (2018–2025).

The domain has been segmented by product, battery type, voltage, technology, and geography. As the name suggests, the market, based on the product, is divided into scooter and motorcycle. In 2017, the scooter category dominated the market by holding the largest share in terms of value (over 95.0%). The reason for this was the easy availability of a variety of e-scooter models and their low cost. However, during the forecast period, the demand for electric motorcycles is expected to increase, thus leading to the electric scooter and motorcycle market growth.

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Similarly, the technology segment of the electric scooter and motorcycle industry is categorized into plug-in and battery. Of the two, the plug-in category, due to its easy operability and low cost, had higher sales volume share (more than 95.0%) in the market. On a global ground, Asia-Pacific (APAC) accounted for the largest revenue share (more than 90.0%) in 2017. China, due to its rapid urbanization and large population, accounted for the major share in APAC. While China will still lead the market during the forecast period, India is projected to be the fastest growing.

Across the globe, rising carbon emissions have been a great concern for every environmentalist and government. This concern has resulted in a rise in e-vehicle sales, thus leading to the growth of the e-scooter and motorcycle market. Furthermore, electric scooters and motorcycles have been appreciated by various governments across the world as an efficient and reliable light motor vehicle alternative. In several countries, governments are offering tax concessions to encourage people to adopt eco-friendly vehicles, such as the Government of India under its FAME scheme.

The global electric scooter and motorcycle sector is quite fragmented, where the top five players held less than 35.0% share of the total revenue.  All of the five major players — Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Yadea Technology Group Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., and AIMA Technology Co. Ltd. — are based in China. Other market players who have an impressive regional presence are Mahindra GenZe, Vmoto Limited, Hero Electric Vehicles Pvt. Ltd., Energica Motor Company S.p.A., GOVECS AG, BMW AG, and Ampere Vehicles Pvt. Ltd.

With increasing global warming levels, the need and demand of eco-friendly products, such as electric scooters and motorcycles, is expected to rise, thus leading to the growth of the market.

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Expanding Helicopter Business in Globally- Business Outlook

The increasing demand for technologically advanced helicopters and aging helicopter fleet and anti-terrorism initiatives are two of the factors contributing to the growth of the helicopters market. The market is predicted to advance at a CAGR of 3.4% during the forecast period (2017–2023). Based on type, the market is bifurcated into military and civil helicopters. Of these, during the historical period (2013–2016), the military bifurcation led the market in terms of revenue, and it is expected to continue leading it during the forecast period.

This is attributed to its high value-to-volume ratio, growing demand from the developing countries in Asia-Pacific (APAC), and surging adoption of advanced defense equipment. The military helicopter bifurcation is further divided into light, medium, and heavy. Out of these, during 2013–2016, the heavy division dominated the helicopters market in terms of revenue, and it is predicted to maintain its dominance during 2017–2023. Heavy military helicopters are helicopters with a maximum takeoff weight greater than 8,500 kg. These helicopters are widely used for transport, logistics, and utility operations in the military.

Based on region, the helicopters market is categorized into North America, APAC, Latin America (LATAM), Europe, and Middle East & Africa. Among these, during the 2013–2016 period, North America dominated the market, and it is expected to continue dominating it during 2017–2023. The retirement of old-generation helicopters is predicted to offer huge opportunities to the market in North America. The developing countries of LATAM and APAC, mainly, China, India, and Brazil, are projected to generate a high demand for civil helicopters for tourism, law enforcement, and medical services.

Owing to the several advancements in the technology of the engine, airframe, and mission systems, helicopters have become more resilient, efficient in harsh environments, and safe to fly. Furthermore, due to the improved capabilities pertaining to territorial surveillance, crime prevention, and natural disaster assistance, the demand for civil helicopters is also on the rise. Military helicopters are also predicted to be equipped with various technological developments with the advent of tilt rotorcrafts and compound helicopters that can offer better operational efficiency.

Some of the upgraded technologies that are being introduced in the helicopters market include computation structural dynamics modelling, fly by wire controls, health and usage monitoring systems, advanced condition-based maintenance (CBM), and advanced turbine engine programs. In recent years, it has been witnessed that the application of helicopters has increased across various sub-industries, including air ambulance, aerial services, and medical services. In addition, due to the rising demand for high-performance helicopters from the oil and gas sector, the market is observing significant growth.

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Furthermore, the market in the U.S. is witnessing growth due to the global war against terrorism. Conflicts in nations such as Afghanistan and Iraq have been encouraging the U.S. military to buy new helicopters and upgrade the existing ones at the same time. In the U.S., in 2018, the government announced an increase of $54.0 billion in the defense budget, adding a considerable amount for procuring new aircraft such as helicopters. Thus, the surged budget acts as a key driver for the growth of the helicopters sector.

Thus, the replacement of aging helicopters, increasing anti-terrorism initiatives, and accelerating demand for technologically better helicopters are some of the factors contributing to the growth of the market.

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E-Rickshaw (Three-Wheeler) Market Demand in Indian Region, Business Outlook, 2014-2024

According to P&S Intelligence, the Indian electric rickshaw market is estimated to witness a sale of 935.5 thousand e-rickshaws by 2024. The market has seen significant growth in the recent past owing to rising government incentives, environmental awareness, and implementation of stringent regulations to control air pollution. In addition, the increasing affordability of e-rickshaws and a relative increase in investments by manufacturers for the designing and development of more efficient and affordable variants are estimated to boost the market growth.

Passenger carrier and load carrier are the two categories when the Indian e-rickshaw market is segmented on the basis of vehicle type. Of these, passenger carriers dominated the market in 2018, accounting for over 95.0% revenue share and are expected to continue holding the larger share in the near future as well. The reason for their dominance would be the growing requirement for public transportation, rising demand for low-cost shared mobility, and the increasing urban population in the country.

E-rickshaws with 1,000–1,500 W motor power held the largest share in the Indian electric rickshaw sector in the past. A large number of e-rickshaws in the country are equipped with a 1,000–1,500 W motor, as it provides benefits in the form of low operational costs. However, with increasing demand for quality products and the entry of organized players, the demand for vehicles with higher motor power is predicted to increase in the future.

Similarly, e-rickshaws with a battery capacity less than 101 Ah led the Indian e-rickshaw market in the historical period. The reason for this was the market monopoly of unorganized local players, most of whom manufacture low-cost e-rickshaws with less-than-101-Ah battery capacity. Coming to the battery type, the SLA battery is presently preferred as these are initially cheaper than Li-ion ones. But, manufacturers are increasing the installation of Li-ion batteries, as SLA variants are harmful if not disposed of properly.

Specifically talking about the Indian electric rickshaw sector on a regional ound, Delhi held the largest share in 2018. It is a major market, where sales picked up rapidly after 2013. Due to the increasing levels of air pollution in the capital, the state government announced a $446 (₹ 30,000) subsidy on the procurement of such rickshaws in 2016, leading to an increase in their demand, which further pushed the market growth.

The Indian electric rickshaw market is currently dominated by small, unorganized local players, who together registered around 85.0% of the total e-rickshaw sales in 2018. The major market players include Kinetic Green Energy and Power Solutions Ltd., Terra Motors Corporation, Lohia Auto Industries, Hero Electric Vehicles Pvt. Ltd., Saera Electric Auto Pvt. Ltd., and Clean Motion India.

India Electric Rickshaw Market Segmentation
By Vehicle

• Passenger Carrier
• Load Carrier

By Motor Power

• <1,000 W
• 1,000–1,500 W
• >1,500 W

By Battery Capacity

• <101 Ah
• >101 Ah

By State

• Madhya Pradesh
• Uttar Pradesh
• Delhi
• West Bengal
• Rajasthan
• Bihar
• Haryana
• Chhattisgarh
• Uttarakhand
• Punjab
• Jharkhand
• Assam
• Tripura
• Rest of India

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Multiscreen TV and Video Market Projected to Have a Stable Growth in Coming Future

The growing demand for flexible access to rich multimedia and entertainment experiences on consumer’s own time, schedule, and device, has increased the market penetration of the multiscreen TV and video market globally , in the past few years.

The rising penetration of internet services and advancement of data streaming capacity, over wireless network, has boosted up the global media and entertainment infrastructure.

The advanced and improved functionalities, such as, popular programming, play and pause functionality, highly interactive, and personalized service, along with  high picture quality of  multiscreen TV and video, offer superior entertainment experience over traditional television.
Cable TV was the largest market segment of multiscreen TV and Video market in 2014.

It is also expected to be one of the dominant segments, over the forecast period. IPTV/OTT segment is expected to be the fastest growing market segment, during the forecast period, attributed to increasing mobility, and rising internet penetration in the developing countries of Asia Pacific region.

North America was the largest multiscreen TV and video market in 2014, followed by Europe. The market dominance of the developed regions, can be attributed to the well spread wired and wireless communication infrastructure.

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The growing use of multiscreen TV and video has led to shift from traditional TVs to other multimedia devices, such as smartphones, tablets, laptops, and other network enabled devices, which can connect to TVs.

Some of the competitors in the multiscreen TV & video market are AT&T Inc., Beijing Gehua CATV Network Co. Ltd, British Sky Broadcasting, China Telecom Corporation Limited, Cox Communications, DirecTV, Jiangsu Yuanyang Cable Co. Ltd., Time Warner Cable, UPC Broadband, and Virgin Media plc.

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Growing Requirement to Store Healthcare Data to Augment Healthcare Cognitive Computing Market Growth

Technological advancements in the healthcare industry, the increasing burden of chronic diseases, and a spur in the adoption of third computing platforms are driving the healthcare cognitive computing market. It valued at $1,722.0 million in 2017 and it is expected to advance at a 34.0% CAGR during the forecast period (2018–2024). Cognitive computing refers to the creation of human thinking in a computerized model via pattern recognition, data mining, and natural language processing.

The increasing partnerships among leading players are trending in the healthcare cognitive computing market. For research related to chronic diseases, the cognitive computing technology is widely being employed. This has been made possible by the increasing collaborations among manufacturing companies and research institutes. For instance, NVIDIA Corporation and Nuance Communications Inc. announced in November 2017 that they were planning to equip healthcare data scientists and radiologists with machine learning. This partnership was aimed at improving patient care by highlighting key clinical findings.

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The major contributing factor in the growth of the healthcare cognitive computing market is the technological advancements in the healthcare industry. The increase in clinical trials and drug discovery has resulted in the demand for data consolidation and advanced data analytics. The cognitive computing technology has been included to simplify doctors’ task of understanding patients’ conditions and devising a suitable treatment plan. These technologies have already been adopted by many hospitals in developed countries, such as Alder Hey Children’s Hospital, in collaboration with Roald Dahl Foundation, in 2016.

The healthcare cognitive computing market is segmented by geography, technology, end user, and deployment model. Based on end user, the categories are healthcare payers, healthcare providers, medical device companies, and pharmaceutical companies. In 2017, with a contribution of $767.2 million, the largest end user of these technologies was the healthcare providers category. This was mainly due to the implementation of advanced technologies and increasing patient pool across various regions.

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The deployment model segment of the market includes the on-premises and cloud categories. The larger category in the market in 2017 was cloud computing, which is expected to exhibit a 34.5% CAGR during the forecast period. The rapid growth can be attributed to cloud’s ability to store high amounts of data in a cost-effective manner, in turn, becoming accessible to even smaller hospitals to provide the best services possible.

Thus, the market is slated to experience growth during the forecast period as the demand for storing and organizing huge amounts of healthcare data is on the rise.

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Aerospace Titanium Blisk Market Growing and Demanding with CAGR of +3.7%

Increasing demand for military and commercial aircraft, in addition to the growing preference for high-strength and low-weight titanium-based blisks, has been driving the global aerospace titanium blisk market. Additionally, reduction in titanium prices is resulting in the production of cost-effective blisks, thus supporting their adoption and market growth worldwide. The market, according to P&S Intelligence, was valued at $3,988.3 million in 2017 and is expected to progress at a CAGR of 3.7% during the forecast period (2018–2023), reaching $4,945.4 million by 2023.

An integral component of several machines or engines, blisks are a combination of a rotor shaft and attached blades. The aerospace titanium blisk market has been segmented by application, diameter, and region. Talking about the application segment, it is further divided into commercial, military, general aviation, and others (experimental and model aircraft). Among all these categories, the commercial category held the largest revenue and sales volume shares in 2017, due to significant growth in cargo and passenger flow throughout the world, which required more commercial aircraft than before.

According to the International Air Transport Association (IATA), the number of passengers taking commercial flights increased from 2,452 million in 2007 to 4,093 million in 2017. Thus, significant growth in passenger count, over the years, has resulted in the increased demand for commercial aircraft. Subsequently, the demand for titanium blisks has also been high across the world. North America, owing to its heavy demand for business jets, held the largest aerospace titanium blisk market share, accounting for revenue worth $1,735.6 million in 2017.

Yet another reason for the aerospace titanium blisk market growth has been the reduction in the prices of titanium blisks, achieved via adoption of advanced manufacturing techniques. The utilization of additive manufacturing techniques, such as direct energy deposition and power bed fusion, has greatly helped reduce material wastage and enhance designing capabilities. These new techniques have helped manufacturers overcome several constraints associated with computer numerical control (CNC) machining, including chipping and design complexities.

Besides, these techniques help in reducing the burden from the middle of the disk as well as from the blades and creating a web-like structure to save raw materials, which further reduces the weight and cost of the product. Another way the price of titanium blisks can be reduced is linear friction welding. It is a production process that uses friction to create heat in order to join two components permanently and produce a single piece. This helps in removing manufacturing complexities and reducing the cost incurred during the process.

The cost of raw material itself plays a major part in determining the cost of the finished product. It is anticipated that with the fall in the price of titanium, the market will witness increased demand for titanium blisks. Besides increasing awareness about the advantages of titanium-based blisks, such as greater resilience, reduced weight, and minimal maintenance compared to traditional bladed disks, is expected to drive the aerospace titanium blisk market globally.

Thus, it can be concluded that fall in titanium prices will help drive the demand for titanium blisks for use in aircraft combustion engines. Furthermore, the rise in aircraft production is expected to support the aerospace titanium blisk market growth in the near future.

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How Economic Prosperity is Contributing in Growth of RF Transceiver Market?

The global radio frequency transceiver market was valued at $9.8 billion in 2018 and is further predicted to grow with a CAGR of 11.6% during the forecast period (2019–2024). The various factors positively affecting the growth of the market include the rising adoption of internet of things (IoT) and growing demand for mobile devices.

On the basis of application, the RF transceiver market is categorized into embedded modules, routers, mobile devices, add-on cards, and others (customized devices and gaming). The application of mobile devices held the largest share of the market during the historical period (2014–2018) and is expected to dominate the market during the forecast period as well.

A transceiver is a device, in which both transmitter and receiver are combined on an integrated circuit board, to enable wireless communication. This is attributed to the rising population around the world, which is becoming increasingly dependent on mobile communication technology. This category is also predicted to grow at the fastest pace during the forecast period.

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The growing demand for mobile devices is also a key driving factor of the RF transceiver market. The usage of smartphones has increased significantly since 2016–2017 due to advanced multimedia features, fast 3G/4G LTE multimode connectivity, and enhanced location awareness.

Furthermore, digitalization and the increasing internet penetration are also leading to the rising adoption of smartphones, which is further expected to increase in the coming years with the upcoming roll-out of the 5G network. Therefore, the demand for RF transceivers is predicted to increase with the rising production of mobile devices.

RF Transceiver Market Segmentation

Market Segmentation by Design

• Single Chip Transceiver
• Standalone Chip Transceiver

Market Segmentation by Type

• 5G Transceiver
• 4G Transceiver
• 3G Transceiver
• 2G Transceiver

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How is growing R&D investments in Drug Discovery and Development Driving Synthetic Biology Market?

The need for advanced and innovative drug discovery and development has increased considerably as the prevalence of various diseases, such as neurological disorders, immunological disorders, infectious diseases, and cancer is rising. Due to this, several biopharmaceutical and pharmaceutical companies are becoming more inclined toward the development of new and more effective biopharmaceutical drugs. This in turn, has been made possible because of the growing research and development investments in drug discovery and development. Since synthetic biology provides innovative solutions for drug discovery, its demand is surging as well. Using synthetic biology, living organisms are genetically developed for required functions in research laboratories. The field derives input from molecular and cell biology, biochemistry, bioinformatics, mathematics, and evolutionary systematics. Synthetic biology elucidates disease mechanisms and target identification, along with providing avenues to design and discover novel biopharmaceuticals and small chemotherapeutic molecules.

According to a research conducted by the P&S Intelligence, the global synthetic biology market is expected to generate a revenue of $23.8 billion and advance at a CAGR of 35.4% in the near future. Among several reasons for the growth of this market is the increasing geriatric population. According to the United Nations Department of Economic and Social Affairs, the population of people aged 60 years and above is rising at a high rate; the number rose from 9.2% in 1990 to 11.7% in 2013 and is further predicted to reach 21.1% by 2050. People aged 60 years and above are more prone to illness because of low immunity and metabolic rate, due to which diseases such as cancer and immunological diseases affect elderly people more severely. The treatment of such diseases requires more effective biotherapeutics and synthetic biology helps achieve the same by enabling designing of novel strategies for the treatment as well as production of cheap drugs.

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The segments of the field of synthetic biology are technology and tool. Among these, synthetic biology technology was the most in demand during 2011–2014. Synthetic biology has become more significant due to the utilization of several innovative and advanced technologies which are used in the field of life sciences for developing biological systems and bio-based products, designing, and redesigning. The two foundational technologies applied by synthetic biology are DNA synthesis and DNA sequencing. DNA synthesis provides the ability to design new, synthetic biological systems and parts and DNA sequencing helps understand the components of natural biological systems. Synthetic biology technology is further bifurcated into enabling and enabled.

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Geographically, North America dominated the global market, among all the regions in 2014; and it is expected to grow with a CAGR of 35.2% during the period 2015 – 2020. However, the Asian market is expected to witness fastest growth, with a CAGR of 39.8% during the forecast period.

The key companies operating in the global synthetic biology market include E. I. du PONT de Nemours and Company, Amyris Inc., GenScript USA Inc., Intrexon Corporation, Thermo Fisher Scientific Inc., Synthetic Genomics Inc., Royal DSM, Novozymes A/S, New England Biolabs Inc., and Integrated DNA Technologies Inc.

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US Electric Bus Market is Fastest Growing and Demanding with CAGR of 23.9% during 2019–2024

The U.S. electric bus market generated revenue worth $445.7 million in 2018 and is projected to register a CAGR of 23.9% during 2019–2024. Among vehicles, hybrid electric vehicles held the largest share in the market during the historical period.

Advanced hybrid electric buses are currently being deployed by many transit agencies in the U.S. Moreover, public and private investments over the last two decades have facilitated development of the technology used in these buses to the point where it has become viable and competitive with respect to an internal combustion engine (ICE). This has supported the dominance of this category in the US electric bus market.

Growing preference for depot charge buses is the key trend observed in the U.S. electric bus market. Battery electric buses are currently offered in two models. One is a short-range bus that uses small on-board batteries for traction, which are charged en route. The other is an extended-range bus that is equipped with larger on-board batteries, which undergo slow overnight charging. In the past, the majority of the buses procured in the country were on-route charge buses; however, recent procurement orders have majorly been for depot charge buses. This is due to the similar operational characteristics of these buses as those of conventional diesel buses. Furthermore, with improving battery technology, the range of depot charge buses is improving, enabling longer route coverage.

Segmentation Analysis of U.S. Electric Bus Market

• Battery electric buses are registering faster growth in demand across the country, primarily due to the support of federal and state governments (in form of subsidies and grants) for the adoption of zero-emission buses. Furthermore, plug-in hybrids may not play any significant role in the near future in the U.S. electric bus market, mainly due to their manufacturing complexity, high cost, and tailpipe emissions.
• Electric buses with length more than 40 feet are expected to remain the larger category in the market during 2019–2024. This is primarily due to the difference in fuel mileage in diesel hybrid and diesel buses, which favors hybrid technology for longer articulated buses.
• Electric buses that run on lithium-ion batteries are gaining popularity and witnessing considerable growth in demand in the U.S. electric bus market. Lithium-ion batteries are safer than other batteries in the market and are, therefore, more preferred for large-sized electric buses. Furthermore, falling prices of these batteries, coupled with their advantages such as lower maintenance cost, smaller size, lighter weight, higher energy density, and lower self-discharge over nickel–metal hydride batteries, are supporting the market growth in this category.
• During the forecast period, inductive charging is expected to be the fastest-growing category in the U.S. electric bus market, as it facilitates faster charging, thus reducing the range anxiety of operators. Owning to this factor, several charging system manufacturers are collaborating with electric bus makers and public transit authorities to boost the adoption of these systems in the country.

Competitive Landscape of U.S. Electric Bus Market
The U.S. electric bus market is currently in its nascent phase, with the presence of few key manufacturers. Some of the major battery electric bus manufacturers in the country are Proterra Inc., BYD Motors Inc., and NFI Group Inc. Furthermore, key hybrid electric bus manufacturers in the market are GILLIG LLC and NFI Group Inc.

In April 2019, Allison Transmission Inc. unveiled new ABE series, the first e-axle advanced ultra-low floor electric bus powertrain system at the Advanced Clean Advanced Clean Transportation Expo. Furthermore, in December 2018, NFI Group Inc. announced that it was awarded a contract for seven 40-foot battery electric Xcelsior Charge heavy-duty transit buses by the Victor Valley Transit Authority (VVTA).

Some other notable players operating in the U.S. electric bus market are Blue Bird Corporation, GreenPower Motor Company Inc., COBUS Industries GmbH, ElDorado National California Inc. and Nova Bus Corporation.

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CNG and LPG Vehicle Market Growing due to Strict Emission Norms

The compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicle market is being driven by government initiatives for their adoption, low operational costs of such vehicles, and strict emission control norms across the world. In 2015, 45,952.4 thousand units of such vehicles were sold, and the sales are projected to grow at a 10.1% CAGR during the forecast period (2016–2022) to ultimately number 88,947.1 thousand. As such vehicles produce less emissions compared to gasoline (petrol) alternatives, these are predicted to witness increasing popularity and adoption.

When segmented by vehicle type, the market is categorized into passenger car, bus, and light & heavy-duty truck. During the historical period (2012–2015), passenger cars dominated the LPG and CNG vehicle market in terms of the total units sold. The reason behind this was the strict emission norms in North America and Europe that are helping curb gasoline vehicle sales and promoting clean-fuel vehicle adoption. The U.S. Environmental Protection Agency (EPA) had set the maximum permissible limit of carbon emissions from passenger cars for 2016 at 225 grams per miles (g/mi).

As per plans, the emissions are to come down to 143 g/mi in the country by 2025. Similarly, in Europe, during 2006–2012, the emission from cars decreased by 160 grams per kilometer (g/km), and it has to come down further to 95 g/km by 2020. Therefore, such strict regulatory framework across the world led to the high sales of LPG and CNG-powered passenger cars during the historical period. Owing to similarly stringent emission norms, light and heavy-duty trucks are expected to witness the fastest growth in the CNG and LPG vehicle market in the forecast period.

The implementation of these norms has not only compelled people to service their old vehicles to meet them, but also promoted clean energy. Governments in several countries are running campaigns to create awareness on the rising pollution levels and ways to tackle them by adoption LPG and CNG as vehicle fuels.

Apart from raising awareness, several countries are taking initiatives to promote clean fuel-driven vehicles. For instance, in Italy, people who use LPG for their vehicles get an excise tax reduction of 58 cents/liter more than that given for gasoline and 47 cents/liter more than that given for diesel. 

Another factor leading to the market growth is the adoption of clean fuel-driven buses. Though CNG and diesel buses cost almost the same, the former emit far lesser amounts of carbon. With the growing number of personal vehicles, a large number of which are still petrol or diesel fueled, the need to reduce pollution is prompting many governments to promote mass transit driven by clean fuels. For instance, in Delhi, India, all buses, whether government or private-owned, must be CNG powered.

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Further, the Russian government announced plans in 2013 to increase the proportion of natural gas-fueled buses to 50.0% of the total buses in the country. As a result of such initiatives and the above-mentioned emission norms, Europe dominated the CNG and LPG vehicle market in 2015. However, Asia-Pacific is projected to grow at a massive pace during the forecast period and overtake Europe in terms of total vehicle sales by 2019.

Therefore, the need to save the atmosphere from harmful emissions will continue to raise the demand for LPG and CNG-fueled vehicles.

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How is Internet Popularity Leading Asia-Pacific Networking Equipment Market to Prosperity

In 1990, less than 1% of the global population had access to the internet, which has drastically increased to more than 47% in 2018, as per the World Bank. With the majority of the population of the world concentrated in the Asia-Pacific (APAC) region, it is home to a greater number of internet users compared to others.

Access to the internet has helped in bringing people closer by providing a smooth communication channel; however, it has also made people prone to numerous cyber-crimes. As the internet ecosystem in emerging economies is still underdeveloped as compared to developed nations, it has been found that companies in APAC are 80% more likely to be targeted by hackers.

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Physical networking devices that are used for communication and interaction between electronic devices over an established network are collectively referred to as networking equipment. The equipment helps in combining, switching, splitting, boosting, and directing the information flow over a computer network.

Therefore, to avoid such incidents in the future, governments in the APAC region are increasingly investing in cyber security by deploying various network security products, such as intrusion detection systems, firewalls, e-mail security systems, and application security systems.

According to a P&S Intelligence study, the APAC networking equipment market is predicted to reach $42,753.4 million in the near future, advancing at an 11.3% CAGR. The networking equipment comprises the following types of devices: bridges, routers, repeaters/boosters/range extenders, switches, access points, security devices, storage devices, modems, cables, and network interface cards (NIC)/ adaptors.

In the past, the highest demand was for routers due to an increasing requirement for high-speed data transmission from consumers. Routers deliver data packets to the destination network by receiving them, analyzing the internet protocol destination, and transmitting the data packets within or to another network.

APAC Networking Equipment Market Segmentation

Market Segmentation by Type

• Router
  • By type
    • Wired
    • Wireless
  • By maximum speed
    • 150 Mbps
    • 300 Mbps
    • 450 Mbps
    • 600 Mbps
    • Above 600 Mbps
  • By end user
    • Government and transportation
    • Commercial
    • Telecom/ISP
    • Data center
    • Residential
• Switch
  • By type
    • Managed
    • Unmanaged
  • By number of ports
    • Less than 5
    • 5–16
    • 17–24
    • 25–48
    • Above 48
  • By end user
    • Government and transportation
    • Commercial
    • Telecom/ISP
    • Data center
    • Residential

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How is Rising Need for Advanced Tires Driving European Automotive Tire Market?

In the present scenario, vehicles have a lifespan ranging between 11.1 and 12 years; the life span rose from 10.5 years in 2015 to 12 years in 2018. This has happened due to technological advancements, increasing government regulations, and growing competition between automakers. These factors have resulted in the improvement of the vehicle’s reliability and longevity over the years. This, in turn, has also led to people buying more small crossover vehicles and keeping their old vehicles longer than before, all across the world, including Europe. In addition to all this, the mileage of vehicles has increased significantly, due to which the chances of wear and tear of the tires have also risen. All these factors are driving the demand for tires in Europe.

In 2018, the European automotive tire market generated revenue of $20,037.8 million and is expected to witness a CAGR of 4.5% in the coming years. The tires for several types of vehicles are categorized into two types on the basis of design: radial and bias. The configuration of radial tires comprises overlapping steel belts under the tread and perpendicular polyester plies, which offer high integrity, ensure longer life, and facilitate smoother rides. Bias tires consist of internally crisscrossed nylon cord plies at a 30-to-45-degree angle to the tread center line, providing the tire with a rugged and tough build, in addition to increasing the sidewall puncture resistance. The demand for radial tires was more during 2014–2018 and is projected to increase significantly in the near future as well.
Due to the changing consumer preference in the European region, the need for advanced tires is increasing. The major qualities required in a tire presently are low rolling resistance for improved fuel efficiency, low wear and tear for enhanced tire durability, and better grip for increased safety quotient. In order to cater to these requirements, the automotive tire industry is witnessing the development and innovation of advanced products. For example, the speed and reliability of the tires have enhanced with the development of ultra-high-performance tires.

What are the factors impacting the growth of this market?

1. High tire replacement rate is a major driver observed in the European automotive tire market

2. Private labeling of tires offers ample opportunities in the European automotive tire market

High tire replacement rate has led to the growth of the European automotive tire market. Due to various technological advancements in recent years, average lifespan of vehicles has significantly increased. The average lifespan of the vehicles increased from 10.5 years in 2015 to 12 years in 2018. Factors such as growing competition among automakers and rising government regulations have led to the improvement of the vehicle’s longevity and reliability over the years.

Private labeling in the European automotive tire market offers various growth opportunities to tire manufactures. Private labeling primarily means production of tires by one company, followed by their sales under the brand of another company. Some of the tire manufacturers are involved in private labeling to meet the market demand for their products and optimize their bottom-line profits, with selling tires at high margins at high volumes. Few OEMs also maximize their production capacity by adding private labeling to their operations, which is carried out under the supervision of experts with extensive experience in manufacturing similar products. It helps them to focus on brand management, while stressing little about issues pertaining to manufacturing operations.

The field of tire manufacturing has been witnessing several advancements, such as the development of new elastomers and polymers, for overcoming the shortage and fluctuation of the prices of natural rubber. Some of the other advancements include the usage of improved grades of silica, nanotechnology, carbon black and nanocellulose, reinforced filler technology, and dual fillers.

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European automotive tire market was consolidated in nature
The European automotive tire market was consolidated with four major players, namely Compagnie Générale des Établissements Michelin, Bridgestone Europe NV/SA, The Goodyear Tire & Rubber Company, and Continental AG, together accounted for over 70% of the market share in 2018. Compagnie Générale des Établissements Michelin is the largest player in the market, due to the existence of an extensive dealer network across all European countries as well as the presence of a loyal customer base in France. The other major players operating in the market are Cooper Tire & Rubber Company, Pirelli & C. S.p.A., Yokohama Tire Corporation, Hankook Tire Company Limited, Nokian Renkaat Oyj, Apollo Tyres Limited, and Sumitomo Rubber Industries Limited.

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Advancements in Technology Augmenting Molecular Cytogenetics Market Growth

The global molecular cytogenetics market accumulated $1.8 billion revenue in 2017, and it is projected to attain a CAGR of 9.9% during the forecast period (2018–2023). The increasing popularity of pharmacogenomics in drug development and personalized disease management, advancements in cytogenetic techniques, and employment of these techniques in detecting chromosomal abnormalities are influencing the market growth. With the growing number of cytogenetic abnormalities, cases of cancer, and drugs becoming redundant in the treatment of diseases, a more robust technique is needed for determining the cause of and managing such conditions.

Molecular cytogenetics is the branch of genetics that deals with the study of chromosomal structure, its location and function within a cell, and the detection of genetic diseases. It utilizes techniques such as comparative genomic hybridization (CGH), fluorescence in situ hybridization (FISH), immunohistochemistry (IHC), and karyotyping in various applications of biology and medicine. The market is segmented by technology, application, end-user, geography, and offering. On the basis of technology, the market is subdivided into FISH, IHC, CGH, karyotyping, and others. The market for FISH is expected to grow at a CAGR of 10.1% during the forecast period.

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The CGH subdivision is further classified into standard CGH and array-based CGH, of which array-based CGH held 55.4% share in the molecular cytogenetics market in 2017. In the application segment, the market has genetic disorders, cancer, and personalized medicine as its categories. In 2017, cancer was the largest application of molecular cytogenetics, accumulating a market share of 41.9%. This is credited to the increasing prevalence of cancer and the growing focus of research groups on developing diagnostic tools for it and other genetic disorders.

The global molecular cytogenetics market is being driven by a number of factors, one being the rising cases of cancer. Cancer as a disease involves numerous mutations, which are either disease-specific or could vary from one individual to another. Molecular cytogenetics techniques such as single nucleotide polymorphism (SNP), CGH, FISH, and genomic expression profiling are not only helping researchers in identifying cancer-specific biomarkers, but are also helping doctors in providing better diagnosis, prognosis and treatment to patients.

Secondly, the advancements in molecular cytogenetic techniques have revolutionized the field of diagnostics. The automation of the cytogenetic analysis process has played a major role in the development of molecular cytogenetics by reducing manual involvement and increasing cost and time-effectiveness. Reduced manual handling of such processes has minimized the risk of errors, thus providing accurate results. It is further predicted to present the possibility of widening the range of molecular cytogenetic testing, hence increase the scope of the molecular cytogenetics market during the forecast period.

Thus, the market is set to grow during the forecast period owing to the advancements in technology in the field of biology and medicine. 

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Carsharing Market Revenue and Industry Expansion Strategies

The carsharing market generated a revenue of $5,571.2 million in 2018 and is estimated to progress at a CAGR of 11.0% during the forecast period (2019–2025), owing to advancements in technology, which are helping make the access to shared mobility services easy. The growing demand for convenient and cost-effective mobility services, coupled with government policies encouraging the use of carsharing programs, is the key factor driving the growth of the market. In simple terms, carsharing is a short–term rental service offered to customers at a certain charge.

Based on car type, the global carsharing market is categorized into luxury, executive, and economy cars. Among these, in 2018, in terms of volume, the economy category held the largest share in the market. This is attributed to the high fuel economy of these cars, which stimulates their demand for carsharing services. Furthermore, the rising gasoline prices and increasing environmental concerns are expected to push the demand for these cars across the globe in the coming years, as these cause less impact on the environment and are cost-effective.

Further, on the basis of fuel type, the global carsharing market is bifurcated into fuel-based and electric cars. Of these, in terms of volume, fuel-based cars dominated the market in the historical period (2014–2018) and are further projected to continue leading it with more than 95.0% share in 2025. However, growing initiatives toward vehicle electrification and environment protection are predicted to result in decreased gasoline usage during the forecast period. In addition, owing to low maintenance cost, electric cars are anticipated to observe increased adoption in the market for carsharing.

Carsharing services are extremely useful for the general public, especially for daily commuters, as without owning and maintaining cars, they can reach their destination. For users, these services are available day and night throughout the year, allowing them to use a car from anywhere, anytime. Besides, with the help of the carsharing company’s mobile app, commuters can directly avail the services and easily rent the car of their choice. The apps offer the necessary details and every assistance to users, so that they have a good commuting experience. Hence, mobile apps, providing easy access to cars as well as all the information related to the service, are taking the carsharing market ahead.

Introduction of mobility as a service observed as a key trend in the market

Furthermore, carsharing helps save the expenditure on owned cars, fuel, maintenance, parking, and insurance. Carsharing services require users to pay only on the basis of the time and distance the car is being driven for, along with an initial registration cost. Also, other expenses, such as those for maintenance, insurance and fuel, are borne by the carsharing service providers. Due to benefits associated with sharing services, such as cost-efficiency and easy availability, the global carsharing market is expected to grow.

Hence, with the increasing inclination of people toward convenient mobility services, the global market for carsharing is witnessing a boost.

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