What are Major Factors Expected to Fuel Progress of Razor Market in Asia-Pacific (APAC) in Future?

The biggest trend presently being witnessed in the razor market is rising adoption of subscription-based models all around the world, wherein the blades are delivered to the customers on a weekly or monthly basis. This strategy is being increasingly adopted by several razor blade producing companies such as Dollar Shave Club and The Proctor & Gamble Company (P&G) for attracting customers and expanding their user base. For instance, in 2017, P&G launched its on-demand service through which the customers would get the blades delivered to their homes by simply texting ‘BLADES’ on the given number.

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The global razor market is predicted to increase from $18.0 billion to $22.5 billion from 2019 to 2030, progressing at a CAGR of 2.1% during the forecast period (2020–2030). There are various types of razors available throughout the world — disposable razors, safety razors, straight razors, cartridge razors, and electric razors. Amongst these, the cartridge razors are expected to record the highest sales in the coming years, owing to the easily replaceable quality of the blades used in these products.

Globally, the Asia-Pacific (APAC) region is expected to observe the fastest growth in the usage of razor in the immediate future. This is mainly attributed to the fact that the APAC region is the most densely population region in the world and many countries in the region are observing rapid urbanization. In addition to this, the expenditure on personal care products is increasing rapidly in this region, which is in turn, boosting the sales of razors in the region.

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Hence, it can be concluded that due to the rising preference of men toward personal grooming and the increasing disposable income of the people in several countries, the demand for razors will skyrocket throughout the world in the coming years.

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How is Rising Number of Cancer Cases Driving Gene Therapy Market?

The burden of chronic diseases has only been increasing since past few years. The cases for cancer, for example, are growing rapidly. According to the American Cancer Society, from 2016–2019, the number of new cases of cancer in the U.S. increased from 1,685,210 to 1,762,450, and the cancer mortality rose from 595,690 to 606,880 during the same time period. Doubtless, a number of advancements have been made in the medical industry for developing a proper cure for cancer and other rare chronic diseases, however, the fact remains that there is a long way to go before anything certain comes to light.

The advancements regarding gene therapy though can significantly aid in getting closer to dealing properly with several chronic diseases. Gene therapy is designed for introducing genetic material into cells for compensating for abnormal genes or for making a beneficial protein. In case a mutated gene causes an essential protein to be faulty or non-existent, gene therapy may potentially be able to introducing a new copy of the gene for restoring the function of the protein. Attributed to these reasons, the gene therapy market generated revenue of $3,407.5 million in 2019 and is expected to advance at a 31.1% CAGR during the forecast period (2020–2030).

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In 2019, North America was the largest gene therapy market, which is ascribed to the rising number of cancer and rare disease cases and the presence of a large number of key companies in the region. In addition to this, various gene therapy products are getting regulatory approvals in North America. Other than this, the adoption of gene therapy is also projected to rise substantially in the Asia-Pacific because of the cost-effective labor and rising activities of major industry players.

Hence, the requirement for gene therapy is growing due to the surging prevalence of chronic diseases.

Report Coverage

·         Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis

·         Porter analysis identifies competitive forces within the market

·         Provides information on the historical and current market size and the future potential of the market

·         Provides sizes of key regional markets using yardsticks of segments

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How is Growing Adoption of Cloud Services Driving Security as a Service Market?

As the penetration of internet is increasing across the globe, the adoption of cloud-based services and solutions is growing as well. Cloud solutions don’t need physical information technology (IT) infrastructure and professionals, they result in considerable cost savings. Moreover, cloud-based solutions also allow the users to decide regarding the services they want access their data from any place with a secure connection. Owing to this, companies are switching to cloud-based solutions instead of on-premises solutions. However, cloud solutions also make data vulnerable to breaches, which, in turn, is resulting in the growing demand for security as a service (SaaS) solutions. 

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As per a report by P&S Intelligence, the global SaaS market is predicted to generate a revenue of $43.4 billion by 2030, increasing from $7.8 billion in 2019, advancing at a 17.4% CAGR during the forecast period (2020–2030). SaaS software enables the user to access an application through an internet browser, rather than having to download it on their system or business network. Types of SaaS security types are web & email security, application security, endpoint security, and database security. Among all these, the demand for database security is expected to be the highest in the coming years.

This is due to the growing popularity of cloud databases among companies, which makes data vulnerable to cyber threats, and database security solutions can aid in preventing such situations. Moreover, the demand for this security type is also increasing because of the stringent government regulations for protecting consumers’ data. The major applications of SaaS are encryption, data loss prevention, intrusion detection, identity & access management, unified threat management, and risk & compliance management. Out of these, the highest demand for SaaS solutions was created for identity & access management in the past.

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Organizations are adopting SaaS solutions for protecting cloud-based data and granting employees access privileges after consideration of their designation. A number of industries make use of SaaS solutions, including retail, banking, financial services, & insurance (BFSI), IT & technology, healthcare, and government.

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APAC Anti-Drone Market Demand, Trend, Growth Opportunities Created by COVID19 Outbreak

Compared to 36 cases in 2016, 75 cases of illegal drone or unmanned aerial vehicle (UAV) use were reported in Japan in 2017, according to the National Police Agency. In recent years, there has been a sudden surge in the usage of UAVs for personal and commercial purposes, which often ends up creating security risks, either intentionally or unintentionally. This has prompted governments across the world to regulate such devices as well as adopt countermeasures, in case the UAV is hostile. Thus, with an increase in the usage of drones, the Asia-Pacific (APAC) anti-drone market is predicted to grow to $2,105.0 million by 2025.

Among the various kinds of security risks created by unauthorized UAVs is that they often come in close contact with aircraft, which can lead to disasters. For instance, a Chinese national, on tour, led a UAV into the area manned by the Central Industrial Security Force (CISF), after breaching the security at the Taj Mahal, in October 2018. Such incidents are leading to the installation of counter-active systems to thwart any possible threat. For instance, China deployed its first anti-drone system at Guangzhou Baiyun International Airport in November 2017.

Commercial, military & defense, and government are the major end uses of such products. Among these, anti-UAVs were the most widely procured for military & defense purposes in 2017, as a result of the increasing defense budget of regional nations. Across APAC, drones are rapidly being used for illegal and terrorist activities, which has fueled the need for effective countermeasures. For instance, 26 people were arrested in China, in March 2018, on suspicions of illegally airlifting two 660-foot cables to Shenzhen from Hong Kong, on UAVs, in order to smuggle iPhones.

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The APAC anti-drone market has historically been the largest in China, as it has the highest defense budget in the world, after the U.S., which it uses to better arm its security forces. Additionally, numerous established defense and aerospace companies are headquartered in China, which is another reason for its dominance on the industry. In the coming years, the procurement for such platforms would increase at the highest pace in India, as the country is focusing on the modernization of its troops and offering its citizens and other assets an enhanced level of security.

Hence, as UAVs become more popular among criminals and terrorists, governments of APAC nations would also adopt effective measures to counter them.

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How is Need for Innovative Healthcare Information System Driving Laboratory Information System Market?

The requirement for advanced healthcare information system is increasing rapidly, which is why the need for laboratory information system (LIS) is rising as well. LIS includes a set of hardware and programs that are part of an integrated system designed for healthcare information. The system captures complex data and information which is related to medical and industrial laboratories. LIS aids in compiling the services related to treatment, care & rehabilitation, and diagnosis. The integrated healthcare system saves diagnosis time by streamlining back office operations and also aids in sharing information and discussing the treatment plan among doctors as per the patient’s need. 

The laboratory information system market size is expected to witness significant growth during the forecast period. Industrial, clinical, and drug discovery are the three applications of LIS. Among these, the largest demand for LIS was created for clinical applications in the past and the situation is projected to remain the same in the coming years as well. LIS are utilized in healthcare laboratories for clinical purposes including sequencing and molecular testing. Clinical LIS help automate all the major processes and generate accurate results efficiently. The demand for LIS for clinical applications is rising because of growing number of tests and higher cost because of the emergence of new technologies.

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The growth in molecular diagnostics is contributing significantly to the increasing demand for LIS. Molecular diagnostics is a branch of in vitro diagnostics and is based on determining nucleic acid sequencing primarily for medical applications. Sequence determination is largely performed by making use of methods that are based on hybridization of labeled DNA probes with target nucleic acid sequences. The market for molecular diagnostics is changing rapidly for the better and the novel technologies are projected to yield product line extensions and machined for point-of-care market as test automation expands. This is expected to drive the market in the coming years.

The adoption of mobile-based application sand solutions is a key trend in the laboratory information system market. Mobile devices such as tablets and smartphones play a vital role in providing personalized health solutions. Multi-functional personalized mobile information systems offer a wide range of communication and information services to both clinicians and patients through smartphones. The utilization of mobile devices also decreases the need for patients to visit clinics or hospitals every time they require a diagnosis as their problems can be diagnosed by using mobile devices. Due to these factors, new mobile systems that aid in retrieving laboratory data easily have been designed. 

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COVID-19 Outbreak Optical Metrology Market is Expected to Boom in Coming Years

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.

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

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.

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.

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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AI in Agriculture Market Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

Technological advancements are revolutionizing all industries these days, and incorporation of artificial intelligence (AI) in different industrial processes has made operations incredibly easy. AI basically refers to the simulation of human intelligence in machines which are programmed to think like humans and mimic their actions. While not all, AI systems have the ability to exhibit at least some of the behaviors that are associated with human intelligence, such as learning, planning, knowledge representation, motion, reasoning, problem solving, perception, and manipulation.

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It is because of these capabilities of AI that the technology is being widely utilized in different industries, including the agriculture. The agriculture industry is registering rapid growth, owing to the surging population all across the globe. According a P&S Intelligence report, in 2019, the global AI in agriculture market attained a value of $671.6 million and is predicted to generate a revenue of $11,200.1 million by 2030, advancing at a 30.5% CAGR during the forecast period (2020–2030).


While at one time, agricultural practices were the major occupation of people, the preference has now shifted to corporate world. However, now there is a pressing need for increasing the productivity of lands which are still being used for practicing farming in order to cater to the needs of the rapidly increasingly population. Due to this, industry is registering a rising integration of AI in different operations which can help in getting the maximum output.

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Computer vision, predictive farming, and machine learning are the major AI technologies which are being used in the agricultural sector. Among these, the machine learning technology was the most in demand in the past, as this technology plays an important role in agricultural industry with a combination of data technologies and agronomic sciences, which are increasingly being adopted by farmers and agricultural businesses across the globe.

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COVID19 Impact Analysis on Helicopters Market | Industry Share, Size, Trends and Growth Opportunities

The increasing requirement of state-of-the-art helicopters is a major factor responsible for the ballooning sales of helicopters across the world. There have been numerous innovations and technological advancements in the emission systems, engines, and airframes of helicopters over the last few years, which have made the helicopters highly resilient and more sustainable. Moreover, the various technological advancements have massively improved the performance of helicopters in different weather conditions and made them highly sought after in various industrial applications such as in the oil and gas industry, wherein, the helicopters are heavily used for transportation purposes.

Due to the above-mentioned factors, the global helicopters market is expected to register huge growth in the coming years. There are mainly two types of helicopters used across the world— military and civil helicopters. Of these, the civil helicopters are predicted to record faster growth in usage in the future years. Moreover, this category is predicted to register faster growth in the helicopters market in future. Furthermore, the light civil helicopters are expected to generate the highest revenue in the helicopters market than the intermediate, medium, and large and heavy helicopters in the upcoming years.

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Geographically, the helicopters market is predicted to register exponential growth in North America over the next few years. This is mainly ascribed to the increasing investments being made by the governments of several countries for promoting the development of helicopters equipped with modern functionalities. In addition to this, the increasing requirement of helicopters in the oil and gas industry, especially in the U.S., is further boosting the growth of the helicopters market in the region.

Therefore, it can be said with confidence that the sales of helicopters will pick up tremendously all over the world in the forthcoming years, mainly because of their mushrooming utilization in various industrial and defense applications in many countries around the world.

GLOBAL HELICOPTER MARKET, BY TYPE

• Military helicopter
  • By type
    • Heavy helicopter (>8.5t)
    • Medium helicopter (4.5t – 8.5t)
    • Light helicopter (<4.5t)
  • By application
    • Attack
    • Heavy cargo
    • Medium utility
    • Reconnaissance
    • Maritime
    • Search and Rescue
    • Light Utility
• Civil helicopter
  • By type
    • Light helicopter (<3.1t)
    • Intermediate helicopter (3.1t – 5.7t)
    • Medium helicopter (5.7t – 9.0t)
    • Large & heavy helicopter (>9.0t)

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Why is Europe Biggest In Vitro Fertilization Devices and Consumables Market?

The human birth rate has dropped drastically from 4.979 births per woman in 1960 to 1.432 per woman in 2017, says the World Bank. A number of factors, including women as well as men’s individual health and lifestyle choices, are responsible for this. For instance, women who smoke carry 50% lesser chances of conceiving. Then, there are numerous fertility-related disorders and sexually transmitted diseases (STD), which also play a part. Therefore, to up their chances of having children, people are rapidly going for in vitro fertilization (IVF), which involves fertilizing the egg outside the human body and then transplanting the embryos in the uterus.

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This is expected to propel the IVF devices and consumables market to $5.0 billion by 2023, from $1.6 billion in 2016, at a CAGR of 17.9% between 2017 and 2023. With the increasing demand for the procedure, the requirement for the various accessories, disposables, reagents, media, and instruments used for it will rise too. Among these, the highest increase in requirement would be seen for instruments in the coming years, as the preference for fast IVF procedures and easily usable equipment is increasing and the instruments are themselves undergoing advancements in their technology.

All these devices and consumables are utilized in frozen-embryo, fresh-embryo, and donor-egg IVF procedures. Of these, the fresh-embryo approach has been the most sought-after, as people are intentionally delaying pregnancy. As per the Centers for Disease Control and Prevention (CDC), the number of women becoming pregnant for the first time between 35 and 39 years of age is increasing among all ethnic groups. In eight federal districts and states in the U.S., this rate grew by 40% in the last few years.

Presently, Europeans account for the highest usage of IVF, on account of the high awareness about personal and maternal health, rapid adoption of technologically enhanced products, and high reimbursement ratios for such procedures. Additionally, PGD and three-parent IVF techniques are legally permitted in the continent, which further leads to the high consumption of associated consumables and devices. In the coming years, Asia-Pacific (APAC) is predicted to be the fastest growing IVF devices and consumables market, as a result of low fertility rates and increasing awareness on the issue.

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Automotive Sensors Market Growth Opportunities Created by Covid19 Outbreak

In 2019, the global automotive sensors market share reached a value of $25,723.8 million and is expected to generate a revenue of $58,215.3 million in 2030, witnessing a 7.4% CAGR during the forecast period (2020–2030). On the basis of application, the powertrain application accounted for the largest volume share of the market in 2019. This is because of the greater utilization of these sensors in transmission, engine, and alternator of the traditional internal combustion engine vehicles.

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The advanced driver-assistance system (ADAS) application is predicted to grow at the fastest pace during the forecast period in the automotive sensors market. At the present time, ADAS sensors find applications in level 1, 2, and 3 autonomous cars. The requirement for these sensors is projected to increase because of the introduction of level 4 and level 5 autonomous vehicles in 2023 and 2025, respectively.

The growing adoption of ADAS sensors is a major driving factor of the automotive sensors market. These sensors are becoming more and more important for vehicles due to the rising adoption of autonomous vehicles. Autonomous vehicles have various functions including eye tracking, natural language interface, driver monitoring, gesture recognition, and virtual assistance, which are highly dependent on enhanced automotive sensors. Furthermore, the development of ADAS, including driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units, is creating increasing demand for these sensors. 

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A key trend in the automotive sensors market are technological advancements. For example, the concept of sensor fusion is gaining traction in the automotive industry. The intent of this technology is to combine the best information from each of the sensor systems installed in the vehicle. In addition to this, the growing installation of electronic devices in vehicles has increased the requirement for several automobile sensors for engine management systems, heating, ventilation, & air conditioning systems, and other application areas.

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Memory Market for Autonomous and Connected Vehicles | The Era of Auto Technology!

More than 1.35 million people lose their lives in road crashes every year, says the World Health Organization (WHO). As most such mishaps are a result of human errors, the chorus for integrating advanced safety features in automobiles is growing louder. Additionally, the government in many countries is mandating the installation of automatic braking, advanced driver-assistance systems (ADAS), and lane assist features in vehicles.

As all these functionalities generate a huge volume of data, which needs to be stored efficiently, the global memory market for autonomous and connected vehicles, which valued $4,310.8 million in 2019, is predicted to grow at a CAGR of 23.9% between 2020 and 2030. This is because most connected and all autonomous vehicles would have such features, thereby creating a high demand for physical and cloud-based data storage.

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Integration of NOT-AND (NAND) Flash to Rise Fastest in Future

In the coming years, the NOT-AND (NAND) flash category is expected to witness the fastest growth, on account of the smaller size and higher data transfer rate of this memory type.

The navigation division was the most fruitful for the market, in terms of revenue, in the past, as such functionalities have witnessed a high integration rate in automobiles up till now.

North America has been and will continue being the largest memory market for autonomous and connected vehicles in the near future. This is due to the rapid increase in the number of autonomous passenger and commercial vehicles on the roads and a strong presence of memory providers and automotive technology vendors in the continent. Additionally, the high purchasing power here is already enabling people to purchase expensive vehicles with advanced memory-backed safety and connectivity features.

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Cypress Semiconductor Corporation, Macronix International Co. Ltd., Integrated Silicon Solution Inc., Everspin Technologies Inc., ATP Electronics Inc., Renesas Electronics Corporation, Swissbit AG, Western Digital Corporation, Microchip Technology Inc., SK Hynix Inc., Nanya Technology Corporation, Micron Technology Inc., Winbond Electronics Corporation, Samsung Electronics Co. Ltd., and Toshiba Corporation are the biggest organizations in the global memory market for autonomous and connected vehicles.

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How is Development of Autonomous Cars Driving Laser Diode Market?

The automotive industry has been registering significant growth over the past few years, which can majorly be attributed to the rise in people’s disposable income and strong economic growth in developing countries across the globe. In addition to this, the automotive industry is actively engaged in the development of autonomous and connected cars for providing consumers with enhanced driving experience.

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Moreover, the demand for luxury cars has also been on the rise because of the improving living standards of people in several countries. These vehicles make wide usage of laser diodes, which is why their demand is increasing as well.

Laser diodes are semiconductor devices which generate coherent, high-intensity light. These devices are quite similar to light emitting diodes (LED); however, unlike LEDs, their PN junction generate coherent radiation, which means that the light waves produced have the same phase and frequency. 

Apart from this, the demand for OPSL is also expected to increase considerably in the years to come, due to its advantages, including its unique wavelength flexibility that allows scaling and its ability to match with wavelength needs of several applications. In terms of operational mode, pulsed and continuous-wave are two types of laser diodes. 

Owing to the wide application areas of these devices, the global laser diode market is projected to grow at considerable pace in the near future. The two types of laser diodes are optically pumped semiconductor laser (OPSL) and injection laser diode (ILD). Between these two, the demand for ILD was higher in the past.

In the coming years, the demand for pulsed laser diodes is predicted to increase, owing to their high peak power and excellent power stability with temperature. Some other advantageous optical characteristics of pulsed laser diodes are the ruggedness of diodes and their small and compact size.

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How is Surging Population Driving Artificial Intelligence in Agriculture Market?

The global population is increasing at a rapid rate; for example, as per the United Nations report, the world population is expected to reach 8.6 billion by 2030, growing from 7.7 billion at the present. This surge in the population is bound to lead to the rising demand for agricultural products in the coming years. In addition to this, the arable land across the globe has decreased on account of swift urbanization and industrialization. It is because of these factors that the demand for enhanced devices and technologies in the agricultural sector is increasing. 

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The utilization of artificial intelligence (AI) has increased in the agricultural industry, like it has in many other industries, owing to the fact that this technology can help in increasing the efficiency and productivity of existing farm lands. According to a P&S Intelligence report, the global AI in agriculture market is predicted to reach a value of $11,200.1 million in 2030, increasing from $671.6 million in 2019, progressing at a 30.5% CAGR during the forecast period (2020–2030). Between product, including hardware and software, and services, including managed and professional, the demand for AI products was higher in the past. 

Furthermore, the demand for software products is predicted to increase considerably in the near future, which is because of the growing utilization of AI software in several applications in order to perform several innovative agricultural practices efficiently. Computer vision, machine learning, and predictive analysis are the major AI technologies which are being used in the agricultural sector. The demand for machine learning technology has been the highest in the past and the situation is expected to remain the same in the coming years as well. This technology, along with a combination of data technologies and agronomic sciences, plays in important role in the agriculture industry. 

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The technology is increasingly being adopted by organizations in the agricultural sector for enhancing crop productivity. The major applications of AI in agriculture industry are drone analytics, precision farming, agricultural robots, and livestock monitoring. AI is being extensively utilized for precision farming, as the technique is growing popular among farmers for generating optimum yield with limited resources. This further decreases the cost of crop production. In addition to this, the rising use of internet of things in the agriculture industry is further leading to the increasing adoption of precision farming.

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Why is Urban Air Mobility (UAM) Market Expected to Exhibit Huge Progress in Europe in Future?

Due to the increasing urban population and rising road traffic in many cities, the demand for urban air mobility solutions is increasing at a rapid rate across the world. In many cities around the world, there has been a massive surge in road congestion over the last few years and this has significantly affected the economic activities in the cities. For instance, in the U.S., the average time spent by people in traffic jams each year is 90 hours, which massively increases their commuting expenditure by more than $1,000.

It is highly unlikely that the traffic on roads will lessen, however, the need for dealing with this problem is quite urgent. One of the solutions for curbing road congestion in urban cities can be to make use of autonomous aerial mobility. Due to technological advancements, urban air mobility (UAM), which refers to on-demand, highly automated services for passengers or cargo-carrying applications, has emerged as the latest trend in the transportation sector. The technology can potentially aid in avoiding congestion in cities across the globe. 

The other major factor responsible for the increasing demand for urban air mobility solutions is the rising incidence of road accidents throughout the world, especially in the developing nations such as India, China, and Indonesia because of the soaring population levels in these countries. Powered by these factors, the global urban air mobility (UAM) market is predicted to exhibit a CAGR of 33.9% during the forecast period (2023–2030). At this, the value of the market is predicted to rise from $895.0 million in 2023 to $6,889.4 million by 2030. Such services are offered by light manned or unmanned aircraft, flying at low altitudes.

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In the coming years, North America is expected to emerge as the largest urban air mobility market in throughout the time period 2023–2030. This is due to the fact that major cities in the U.S. are registering high traffic congestion, which, in turn, would result in the rapid adoption of airport shuttle and taxi services. Apart from this, the demand for UAM services is also predicted to rise considerably in Europe in the coming years, which is ascribed to the heavy investments in the domain by France and Germany for procuring the eVTOL technology for commercial applications. 

In conclusion, the surging road congestion is driving the demand for UAM services.  

 

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Mobile VPN Market Market Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

It has been witnessed that the banking, financial services, and insurance sector spend a large portion of its revenue in mobile security services and products. Moreover, banks are aiming on protecting customers’ account details along with safeguarding the payment gateways. This has become especially important since the penetration of mobile devices in the bank-customer interaction environment. Thus, the surging need for the protection of data among companies is anticipated to offer huge growth opportunities to the mobile VPN market.



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Organizations' Increasing demand for wireless protected accessibility for critical application area surging prevalence of cyber Threats, and growing need for remote data accessibility in businesses are Strengthening the prospects for the mobile virtual private network market . In the year 2017, the market is down 5.4 million, and it is predicted to register a CAGR of 19.7% over the forecast period (2018-2023). Mobile VPN creates a private network around the public network and helps users send and receive data securely and secretly from smartphones and PCs to and from the network.

Based on end user, the mobile VPN market is classified into healthcare, utilities, telecommunications, oil and gas, government, financial, mining, and military. In 2017, among these, the telecommunications classification held more than 25.0% revenue share in the market and is predicted to maintain its lead during the forecast period. This can be ascribed to the surging smartphone penetration that is escalating the demand for secure transmission of data to and from mobile devices. However, the demand for mobile VPN is predicted to witness the highest CAGR in the healthcare sector.

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Field workers, physicians, and the medical staff are rapidly adopting these solutions to access sensitive medical records and healthcare applications via wireless networks. On the basis of distribution channel, Geographically, in 2017, North America contributed the largest revenue to the mobile VPN market, and it is also anticipated to continue leading it during the forecast period.

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How is Swift Infrastructural Development Driving Geotechnical Instrumentation and Monitoring Market?

The infrastructural development across the globe is increasing at a rapid pace. In 2017, the overall spending in the global construction industry was $11 trillion, which is predicted to increase to $13.5 trillion by the end of 2024. This growth of the construction industry is primarily being driven by development in countries including the U.S., China, and India, where China is projected to witness the fastest growth during 2019–2024.

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The reasons for this are the rising government spending on various transportation projects, such as road construction and high-speed railway lines. Since geotechnical instrumentation and monitoring is widely used for overseeing such projects, the demand for these solutions is growing as well.

A branch of geotechnical engineering, geotechnical instrumentation is used for referring to instruments which are utilized for monitoring geotechnical sites, structures, and the environment. The technology is of high importance for the success of any construction project, such as airports, dams, bridges, high-rise buildings, boreholes, seaports, deep excavation, and railways . 

Owing to these factors, the global geotechnical instrumentation and monitoring market is predicted to generate a revenue of $6.1 billion in 2024, rising from $3.1 billion in 2018, progressing at a 11.8% CAGR during the forecast period (2019–2024).

Services, hardware, including wired and wireless, and software are the major components that are offered under this technology. Out of these, the demand for services was the highest in the past, which is because of the wide adoption of these services for continuously monitoring critical structures in the energy & power sector.

In addition to this, geotechnical instrumentation and monitoring services are also being utilized for monitoring old, critical structures, including dams, on account of government regulations. This is because of the consideration of safety of wildlife and humans.

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Electric Vehicle Battery Swapping Business Scope in Indian Market – Exclusive Report Analysis by P&S Intelligence

Due to increased run-time and improved remunerative prospects for shared e-mobility drivers, the demand for electric vehicle (EV) battery swapping is rising in India. The market is likely to be dominated by electric three-wheelers as these vehicles are majorly used for passenger carrier and run on an average more than 100 km a day. Since with each full charge these vehicles run less than 100 km, these are required to be charged twice or thrice a day.

Battery swapping technology offers best alternative to slow charging and helps the drivers to make optimum use of the operational hours. However, commercial vehicle category is projected to grow at the fastest rate during the forecast period in the Indian EV battery swapping market.

Based on service type, the pay-per-use category is expected to hold the larger share in the Indian EV battery swapping market in 2020, and is further projected to remain the dominant category during the forecast period. This can be buoyed by the preference of the vehicle drivers to pay as per their usage, due to lack of fixed usage pattern of their vehicles. For instance, it is observed that electric two-wheeler riders generally do not prefer driving for longer distances. Since they do not require much battery swaps for running for short distance, majority of the drivers are expected to opt for pay-per-use model.

To gain a competitive edge over other players in the Indian EV battery swapping market, the companies are focusing on offering products and services, and working in collaborations with other market leaders to expand their reach. From the competitive landscape view, the Indian EV battery swapping service providers can boost their market share by seizing the growth opportunities presented by:

• Forming partnerships with vehicle manufacturers, battery manufacturers, and utility providers in order to deploy battery swapping technology at faster rate
• Targeting electric autos and electric buses as these holds huge potential for service expansion
• Aiming shared mobility section, including two-wheeler sharing, as majority of electric vehicles will be deployed for shared mobility and drivers would opt for battery swapping to make optimum use of the operational hours
• Focusing on cities where battery swapping service deployment is profitable, such as Bangalore, Delhi, and Nagpur and entering into emerging areas, such as Hyderabad and Ahmedabad, where battery swapping holds significant opportunities

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Some key players operating in the Indian EV battery swapping market are Ola Electric Mobility Pvt. Ltd., Lithion Power Pvt. Ltd., SUN Mobility Pvt. Ltd., Exicom Tele-Systems Ltd., Panasonic India Pvt. Ltd., and Twenty Two Motors Pvt. Ltd. (22KYMCO).

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Indian Electric Vehicle Component Market Size, Demand Outlook and Forecast 2020 due to COVID-19 Impact

The cost of the various components that go into manufacturing an electrically powered automobile is continuously reducing, as a result of economies of scale. For instance, the battery price is expected to fall by more than 30% between 2018 and 2025, thus making electric vehicles (EVs) more affordable.

During the same period, a 24%, 23%, 60%, 9% 6.5%, 8.6%, 8.5%, and 21% drop is predicted in the prices of motors, controllers, electric vehicle supply equipment (EVSE), thermal management systems, power distribution modules (PDMs), vehicle interface control modules (VCIMs), high-voltage cables, and DC–DC converters, respectively. As a result, the Indian electric vehicle component market, which reached $536.1 million in 2019, would advance at a CAGR of 22.1% between 2020 and 2030 (forecast period).

Passenger Car Category To Witness Fastest Growth during 2020–2030

The fastest growth in the Indian electric vehicle component market is predicted to be experienced by the passenger car category during the forecast period, due to the swelling numbers of such automobiles in the fleet of shared mobility firms, as a result of the continued efforts of the government and such companies for transitioning toward clean transportation.

In 2019, the original equipment manufacturer (OEM) bifurcation held larger share in the Indian electric vehicle component market for two-wheelers. This is because, currently, the purchase rate of such automobiles is higher than the part replacement rate, which is why OEMs generate higher demand for two-wheeler components.

Till 2030, the highest CAGR, of 61.7%, would be displayed by the battery management system (BMS) category, in the Indian electric vehicle component market for passenger car battery packs in India. This is because a BMS protects the battery pack, which is the most crucial and expensive component of an electric car, from damage, by making sure it is not operated beyond its safe functional area. Apart from managing and controlling its operations, a BMS also notifies car owners of the current battery status, which is why its integration is swiftly surging in electric cars.

Delhi was the largest Indian electric vehicle component market for commercial vehicles during the historical period, owing to the high pollution levels in the city, which have steadily raised the number of electric buses and trucks in the city in the last few years.

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Market Competitive Landscape Is Characterized by Partnerships

In recent years, partnerships have come to shape the competition in the Indian electric vehicle component market, as part manufacturers are using such collaborations to increase their presence in the industry.

For instance, in January 2019, Panasonic Corp. and Toyota Motor Corp. established a joint venture, with Toyota holding 51% of the stakes. The JV will be used to supply lithium-ion (Li-ion) batteries for the EVs being manufactured by Toyota, with Panasonic hoping to expand its influence in the EV component niche of the county.

Major Indian electric vehicle component market players include Exide Industries Ltd., Okaya Power Pvt. Ltd., Amara Raja Batteries Ltd., Panasonic Corp., Sparco Batteries Pvt. Ltd., Eastman Auto & Power Ltd., Robert Bosch GmbH, DENSO CORP., Contemporary Amperex Technology Co. Ltd., and CY International.

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Indian End-of-Life Vehicle and Dismantling Market Will See Strong Expansion Through 2030

India is reeling under high levels of air pollution, which is why the National Green Tribunal (NGT) and Supreme Court have passed stringent regulations, which have considerably reduced the number of years an automobile can be driven for. For instance, in Delhi/NCR, the maximum age of petrol and diesel vehicles has been brought down to 15 and 10 years, respectively.

This factor is predicted to propel the Indian end-of-life vehicle and dismantling market, which generated $3,474.0 million revenue in 2019, at a 17.2% CAGR between 2020 and 2030 (forecast period).

Ferrous-Metal Components To Contribute Highest Revenue to Market till 2030

Till 2030, the ferrous metal category would continue dominating the Indian end-of-life vehicle and dismantling market, because ferrous-metal components make up for around 70% of an average vehicle. These components can be easily extracted by using a strong magnet, and they also remain in high demand due to their easy reusability factor.

The four-wheeler division held a significant share in the Indian end-of-life vehicle and dismantling market in 2019, owing to economic growth. With an increase in their disposable income, a rising number of people in the nation are purchasing four-wheeled automobiles for personal as well as commercial use. Once they reach the end of their life, they will serve as the input for junkyards.

Maharashtra was the most productive state in the Indian end-of-life vehicle and dismantling market in the past, as the high purchasing power in the state results in a heavy sale of automobile, which, over time, are sent for scrapping. In the coming years, the NCT of Delhi division would grow the fastest in the industry, on account of its high air pollution levels, which has impelled the government to reduce the vehicles’ maximum service life.

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Market Players Taking Numerous Steps to Dominate Competition

Seeing the high demand for automobile scrapping and recycling services, in the wake of the shutting down of unorganized salvage yards by government bodies, numerous established companies have entered the Indian end-of-life vehicle and dismantling market, with a number of strategic moves.

Moreover, also in November 2019, a joint venture was founded by Suzuki Motor Corp. and Toyota Motor Corp., for setting up an automobile dismantling facility in Noida. Once operational, the unit will be able to process 2,000 vehicles in a month, after which the two Japanese automakers hope to establish more such recycling plants in the nation.

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Optical Sensor Market to Witness Growth due to Rising Demand for Consumer Electronics

Various industries which utilize optical sensors are security and surveillance, aerospace &defense, healthcare, automotive, healthcare, building automation, material handling, chemical, manufacturing, consumer electronics, and food & beverages. 

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The consumer electronics industry made the most use of optical sensors in the past, which is owing to the increasing need for energy-efficient tablets, digital displays, smartphones, televisions, and laptops, particularly in the Asia-Pacific (APAC) region, and the fast-changing technology. In addition to this, the growth of the automotive industry is also resulting in the growing adoption of optical sensors.

North America has been a major consumer of optical sensors up till now, which is due to the surging requirement for consumer electronics, growing manufacturing industry, and rising usage of fiberoptic sensors in the oil & gas industry in the region. Apart from this, due to the growing adoption of these sensors, the APAC region is projected to emerge as the fastest-growing optical sensormarket in the coming years. Moreover, the increasing demand for consumer electronics in countries including India and China is also leading to the rise in requirement for optical sensors in the region.

In conclusion, the growing adoption of building automation systems and consumer electronics is resulting in the rising need for optical sensors.

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Coronavirus Business Impact –Call Center AI Market In-depth Analysis of the Global Industry with Future Estimations

The AI-powered systems provide much more improved customer services than the conventionally employed human operators and thus, help in enhancing the customer experience. Moreover, the AI-based systems provide 24*7 assistance and availability which significantly boost customer interaction, the company’s accessibility, and the user experience. Driven by these factors, the valuation of the global call center AI market is expected to increase from $914.5 million in 2018 to more than $2,990.1 million by 2024. The market is predicted to progress at a CAGR of 22.6% during the forecast period (2019–2024).

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The biggest trend currently being witnessed in the call center AI market is the burgeoning adoption of AI enabled chatbots by many organizations. These chatbots incorporate the use of the available information such as the organization knowledge base and frequently asked questions (FAQs) in order to provide enhanced customer service. In addition to this, the chatbots help in resolving customer queries in a much shorter period of time as compared to the human operators. The chatbots can provide customer care services to multiple customers at a single time and this makes them highly useful in large enterprises. 

The technology gathers information over time in order to establish patterns that can be addressed more readily, which make the process in call centers more efficient. AI also has speech recognition abilities, which can help in simplifying the communication between companies and customers, so that questions are answered readily and lead the customer to the right department or personnel quickly.

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Different AI-based technologies which are used in call centers include automatic speech recognition (ASR), NLP, machine learning, video recognition, computer vision, and cognitive computing. Because ASR technology allows customer self-service, creates customer database with accurate insights, optimizes complex process of interactive voice response, and improves quality monitoring, its demand was the highest in the past.

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How Geriatric Population Helps Protein Expression Market Grow?

Proteins have a vast array of functions than just ‘building the body’ as taught to children in school. They speed up several metabolic functions, help the ribonucleic acid (RNA) divide and proliferate, respond to numerous external and internal stimuli, provide cells with the proper structure, and ferry molecules from one site within the body to another. Since people have gained knowledge on how proteins are produced and manipulated within the body, the artificial synthesis of these biomolecules has become possible. The process, which is known as protein expression, is also used to study the proteins themselves, apart from producing them in labs.

Thus, with the increasing research and development (R&D) activities in the disease diagnosis, pharmaceutical, and biotechnology domains, the protein expression market is well on its way to garnering huge revenue in the coming years. The study of proteins is useful for gaining a deeper knowledge on chronic diseases. Many diseases, which are not caused by an external pathogen, such as a fungus, parasite, bacteria, or virus, have genetic causes, mostly a faulty protein. Many long-term diseases, including multiple myeloma and amyloidosis, have abnormal protein as the primary cause.

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Academic research institutes, pharmaceutical and biotechnology companies, contract research organizations, and numerous other types of entities use the products and services provided for protein expression processes. Among these, pharmaceutical companies are predicted to be the largest users of these services and products in the coming years, which is coherent with the fact that among industrial, therapeutic, and research, therapy would be the largest application area of protein expression. With the increase in the incidence of chronic diseases, especially CVDs and cancer, which carry an annual mortality of 17.9 million and 9.6 million, respectively, as per the World Health Organization (WHO), drug development activities are rising fast.

Presently, the most productive protein expression market has been North America, as a result of the high prevalence of chronic diseases here. The Centers for Disease Control and Prevention (CDC) says that six in every 10 adults in the U.S. have a chronic health condition, while four in ten have at least two. Moreover, the continent is home to numerous critically acclaimed medical research centers and globally operating pharma companies, which are increasing adopting the protein expression technique for medical research, and drug discovery and mass production.

Hence, on account of the rising chronic disease prevalence and desire of the medical fraternity to understand the role of proteins here, these biomolecules will continue being artificially manufactured and analyzed.

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Air Ambulance Services Market Business Revenue Forecast (COVID19 Impact): Industry Growth, Size & Future Scope

As the number of vehicles on roads is growing, the prevalence of road crashes across the globe is also surging. There can be no doubt about the fact that the number of people owing private vehicles is quite higher than it was 10 years ago or even 5 years ago. This has resulted in the lowering of safety on roads. As per the World Health Organization, about 1.35 million people die every year because of road traffic crashes. About 20–50 million people suffer from non-fatal injuries, resulting in disability. In addition to this, these crashes cost various countries 3% of their gross domestic product. 

Attributed to these factors, the global air ambulance services market is predicted to reach a value of $15.9 billion by 2030, rising from $8.9 billion in 2019, advancing at a 5.4% CAGR during the forecast period (2020–2030). Fixed-wing and rotary-wing are the two aircraft types that are utilized for providing air ambulance services. Between these two, the demand for rotary-wing aircrafts or helicopters was higher in the past. Most of the patient transportation services take place for medium and short distances, within the city or state boundaries in a country. Characteristics including smaller landing and take-off area and hovering capabilities of these aircrafts is also leading to their rising demand. 

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Geographically, North America has been the largest air ambulance services market in the past, which is particularly attributed to the presence of a number of companies that provide air ambulance services, covering a large number of states in the region. Furthermore, the region already as associated infrastructure for these services and the high per capita income of people make these services more affordable. Apart from this, the adoption of air ambulance services is also expected to rise considerably in the coming years due to the rising prevalence of cardiovascular diseases in countries including India and China. 

Hence, the need for air ambulance services is increasing because of the surging number of road traffic crashes.   

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