Rising Need for Enhanced Productivity Fueling Robotic Process Automation Demand

Robotic process automation (RPA) software helps enterprises enhance work efficiency because it can run in the background round the clock, which enables the mechanization of back-end processes. The increasing adoption of this software, therefore, allows human employees to engage themselves in more-important tasks, such as client handling. Thus, the rapid digitization of businesses to enhance productivity and product and service quality will facilitate the deployment of the RPA software in the coming years. Additionally, businesses are also opting for training, professional, and implementation services for RPA solutions due to the high digitization rate.

Additionally, the burgeoning demand for virtual workforces is expected to drive the robotic process automation market at a robust CAGR of 36.3% during the forecast years (2020–2030). According to P&S Intelligence, the market was valued at $2,078.3 million in 2020, and it will generate $45,982.0 million revenue by 2030. In recent years, hefty investments have been made in emerging RPA companies and startups in order to cater to the needs of the expanding customer base. This became a prominent market trend.

Robotic Process Automation Market

Presently, the robotic process automation market is highly fragmented, due to the presence of umpteen players, such as Automation Anywhere Inc., Blue Prism Ltd., Celaton Ltd., IBM Corporation, IPsoft Incorporated, NICE Ltd., Pegasystems Inc., Redwood International Business Group B.V., UiPath Inc., and Xerox Corporation. Nowadays, the market players are focusing on product launches and partnerships to consolidate their position. For instance, in March 2020, Blue Prism Ltd. collaborated with Red Hat Inc., a U.S.-based multinational software company, to create state-of-the-art intelligent automation solutions.

In recent years, the North American region has emerged as the largest user of RPA solutions due to the high penetration of process management and automation solutions in the U.S. and Canada. In addition, the presence of numerous offshore customer service providing companies and major vendors is also accelerating the adoption of RPA solutions in the region. Moreover, the rapid adoption of the latest technologies, high IT investment, and the existence of developed IT infrastructure also offer a conducive environment for adopting such solutions.

Therefore, the mounting focus of business organizations on improved productivity and quality and rising demand for virtual workforce will accelerate the adoption of the RPA software in the forthcoming years.

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Automotive Air-Conditioning Filters Becoming Important in COVID Times

Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that 55,834,456 units and 21,787,126 units of cars and commercial vehicles, respectively, were manufactured across the world in 2020. As the sales of air conditioner filters are directly proportional to automobile production, a surge in it will create a huge requirement for them in the coming years. Moreover, the rising customer need for comfort in vehicles will fuel the integration of AC systems in automobiles.

Additionally, the surging implementation and awareness of safety and health regulations will facilitate the automotive air-conditioning filter market growth in the years to come. Such filters clean the air inside automobiles and prevent the entry of pollutants, such as mold spores, dust, smog, and pollen, into the cabin. With the mounting air pollution levels, automobile manufacturers are increasingly incorporating air-conditioning filters in their passenger cars, heavy commercial vehicles (HCVs), and light commercial vehicles (LCVs), to offer comfort to their customers.

Automotive Air-Conditioning Filter Market

At present, the automotive industry is procuring air-conditioning filters from DENSO Corporation, Hastings Premium Filters, Hengst SE & Co. KG, Scania AB, Robert Bosch GmbH, Momentum USA Inc., Baldwin Filter Inc., Freudenberg Filtration Technologies SE & Co. KG, MAHLE GmbH, Sogefi Group, ALCO Filters (Cyprus) Ltd., Donaldson Filtration Solutions, K&N Engineering Inc., Champion Laboratories Inc., ACDelco Inc., and MANN+HUMMEL GmbH. These companies are currently focusing on introducing innovative filters to boost the comfort level and keep microbes out of the vehicles, especially in these times of the pandemic.

According to P&S Intelligence, Asia-Pacific (APAC) is expected to dominate the automotive air-conditioning filter market in the upcoming years. This will be due to the increasing production of automobiles in India and China, rising disposable income of people, and developing infrastructure. For instance, the Society of Indian Automobile Manufacturers (SIAM) states that India produced 3,062,221 units of passenger vehicles and 624,939 units of commercial vehicles in financial year 2020–2021. Furthermore, as per the OICA, 19,994,081 cars and 5,231,161 commercial vehicles were manufactured in China in 2020.

Thus, the booming passenger car, LCV, and HCV sales, increasing implementation of vehicle safety and consumer health regulations, and burgeoning demand for energy-efficient HVAC solutions will fuel the installation of air-conditioning filters in automobiles.

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Surging Popularity of Lightweight Vehicles Driving Aluminum Adoption in Automotive Industry

With the burgeoning requirement for greater fuel efficiency, many automobile manufacturers are focusing on developing lightweight vehicles. Additionally, lightweight automobiles have better braking and acceleration and are easier to handle than heavier vehicles. Moreover, the weight of the amount of aluminum needed for providing the same strength as that of steel is 40% lesser than steel. Furthermore, the implementation of stringent emission regulations in several countries is also pushing up the requirement for lightweight vehicles, as these vehicles generate lower emissions. This is, in turn, driving the demand for aluminum in the automotive industry. 

Besides, 90% of the aluminum used in vehicles can be easily recycled. Owing to these factors, the global automotive aluminum market is exhibiting huge expansion. Currently, the industry is highly fragmented, with the presence of a large number of small organizations such as Alcoa Corporation, Norsk Hydro ASA, Aluminum Corporation of China Limited (Chalco), Aleris International Inc., Constellium NV, Rio Tinto plc, Novelis Inc., Kaiser Aluminum Corporation, and United Company RUSAL plc. However, in the coming years, the industry will witness the entry of several new firms that will develop innovative and advanced products. 

Automotive Aluminum Market

Aluminum is used in the manufacturing of light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and passenger cars. Out of these, the usage of aluminum is predicted to be the highest in passenger cars in the coming years. This will be because of large-scale manufacturing of passenger cars, particularly in China and India, and the soaring requirement for fuel-efficient vehicles. Extrude aluminum, rolled aluminum, and cast aluminum are the major types of aluminum used in automobiles. 

This will be because of the surging demand for lightweight cars across the world. Globally, Asia-Pacific generated the highest revenue in the automotive aluminum market in the years gone by and this trend is predicted to continue in the coming years as well. This will be because of the extensive manufacturing of passenger cars in several regional countries such as India and China and the soaring investments being made by automobile manufacturing companies for the manufacturing of automobiles in the region.

Thus, it can be said without hesitation that the demand for aluminum will surge sharply in the automotive industry in the coming years, primarily because of the soaring requirement for lightweight vehicles, on account of their greater fuel efficiency and easier handling, and the increasing implementation of stringent emission regulations by the governments of several countries in order to mitigate vehicular emissions. 

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Why are Sales of Botanical Supplements Surging Globally?

Botanical supplements refer to the dietary supplements produced from plants or parts of plants for therapeutic and medical purposes. The products made from botanicals are used for the management and prevention of several ailments and diseases and are also known as photomedicine. These supplements work as natural alternatives for hormone replacement therapies, as plants have played a major role in various treatment procedures for thousands of years. These supplements also provide natural ways to improve brain health, cognitive function, and prostate health and joint and connective tissue health. 

In recent years, the sales of these supplements have surged sharply, primarily because of the increasing health consciousness of people, rising concerns toward diet, and improved care toward preventive healthcare. Moreover, many botanical supplement producers have launched alternative therapies for relieving women from issues, such as insomnia and hot flashes menopause. Middle-aged women and geriatric people are the primary end users of botanical therapies and supplements. Natural products, such as probiotic drinks and detoxes, cranberry and herbal supplements, and fish oils are quickly becoming very popular botanical supplements across the world. 

These supplements are also classified, depending on formulation, into powders, syrups, capsules, oils, and frizzing tablets. Baby boomers, adult women, and adult men are the major end users of these supplements, while cosmetics, food and beverages, pharmaceuticals, animal feed, and agriculture are the major application areas of these supplements. Geographically, the demand for these supplements was found to be the highest in Europe during the last few years. Currently, Asia-Pacific (APAC) is quickly becoming a major region for the players operating in the botanical supplements market for potential expansion. 

This is credited to the increasing disposable income of the middle-class populace and the long-standing tradition of botanical medicine in regional countries, such as China, India, and Thailand. Natures Sunshine Products Incorporated, NaturaLife Asia Co., Proctor & Gamble, Imperial Ginseng Products Ltd., Pharmaton Natural Health Products, The Himalaya Drug Company, International Vitamin Corp., Arizona Natural Resources, Inc., and Nutraceutical International Corporation are some of the major botanical supplement producing companies all over the world. 

Hence, it can be said without any hesitation that the demand for botanical supplements will surge sharply in the coming years, mainly because of the growing health consciousness of people and their rising disposable income, the soaring incidence of chronic diseases, mushrooming requirement for natural alternatives to conventional medicines, and ballooning population of geriatric people across the world. 

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How Are Technological Developments Improving Oligonucleotides?

 A surge in research activities in synthetic biology and improvement in oligonucleotide synthesis have led to the development of advanced oligonucleotides. Recent innovations in synthesis techniques have led to the swift and cost-effective synthesis of oligomers. Moreover, the developments of novel sets of protecting amino groups, better coupling reagents, and high-throughput synthesizers have transformed the synthesis of oligonucleotides. These advancements will propel the oligonucleotide synthesis market at 10.8% CAGR during 2018–2023. At this rate, the market is expected to reach $2.8 billion by 2023 from $1.5 billion in 2017.

Read the full report - Oligonucleotide Synthesis Market Size and Demand Forecast 

In the same vein, the evolution of microarray technology has assisted the development of oligonucleotide products for therapeutic and diagnostic processes. For example, research of numerous oligonucleotides with biological ligands has led to its increased application in the diagnosis of several inherited disorders. Similarly, constant improvement in microchip-based oligonucleotide synthesis has led to the surge in throughput and decrease in cost of synthesis of oligonucleotides. Additionally, developments in technologies, such as enzymatic error correction, have led to the reduction in frequency of errors in synthesized products.

Apart from this, academic research institutes, food and beverage companies, diagnostic laboratories, forensic laboratories, and pharmaceutical and biotechnology companies use oligonucleotides for various applications. Among these end users, the diagnostic laboratories use the highest volume of oligonucleotides for diagnostic purposes, on account of their increasing applications in molecular diagnosis of inherited disorders. Besides, the academic research institutes also use these products in large quantities as probes in antisense analyses, microarray, and in-situ hybridization.

Due to widening application base, market players are focusing on improving and expanding their product portfolios. For instances, Thermo Fisher Scientific Inc., in October 2017, launched Applied Biosystems Axiom Africa Array for commercial purposes. The product was introduced for medical and population genomics to support and accelerate global health research. Thermo Fisher Scientific Inc. and The Wellcome Trust Sanger Institute combined their respective expertise in informatics and human genomic analysis to co-develop Applied Biosystems Axiom Africa Array that assists in capturing genome variation in the European, African, and Asian populace.

Thus, the continuous advancements in technologies coupled with high prevalence of life-threatening diseases that demand early diagnosis and treatment will fuel the adoption of oligonucleotides in the coming years. 

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How are Government Initiatives Propelling North American Defibrillators Market?

 One in every four deaths, i.e. 647,000 deaths in the U.S., are a result of cardiovascular diseases (CVD), according to the Centers for Disease Control and Prevention (CDC). If the heart is still beating, but in an arrhythmic pattern, a defibrillator is used to treat it. The device sends an electric shock, which neutralizes a large amount of the current coming from the heart’s natural pacemaker, to allow the sinoatrial node to resume its normal functioning. Arrhythmias can be fatal if not stopped immediately, especially ventricular fibrillation (v-fib), during which the body has no pulse

These devices come in two variants: external defibrillators and implantable cardioverter defibrillators (ICD). External ones are commonly seen at hospitals and operated by medical professionals, while ICDs are implanted inside the body, for regular cardiac care. Of these, ICDs have witnessed higher uptake, on account of the technological advancements in these instruments and rising incidence of sudden cardiac arrest (SCA). In the coming years, the external variants are predicted to witness a more rapidly increasing uptake.

Browse report overview and detailed TOC at North American Defibrillators Market Demand Forecast Report

A key trend in the region is itself the rising adoption of automated external defibrillators (AED). The government, at the national and state/province levels, is taking initiatives to install public-access defibrillators (PAD), which are mostly AEDs, for the use of general public, in situations of emergency. Areas which witness a high footfall, such as schools and colleges, train stations, airports, shopping centers, leisure centers, and malls, are being rapidly equipped with AEDs, so that if anyone suffers a heart issue, bystanders can use the device to restore their sinus rhythm, until medical help arrives.

The surging geriatric population in many North American countries is one of the major factors responsible for the growth of the North American defibrillators market. In North America, the population of geriatric people is growing at the fastest rate in the U.S. As per the report published by the Population Reference Bureau in 2018, the total number of people in the age bracket (65 years and above) in the U.S. is predicted to rise from 46 million to more than 98 million during 2014—2060. 

Hence, as people realize the importance of defibrillators, and governments keep up their efforts to make them easily accessible to the public, their uptake in North America will keep rising.

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Increasing Prevalence of Benign Prostatic Hyperplasia in American Men Driving Demand for BPH Treatment Procedures

Benign Prostatic Hyperplasia (BPH) is a medical condition in which the prostate gland becomes enlarged. The enlargement of the prostate gland causes urinary tract problems by blocking the flow of urine out of the body. This happens because the prostate gland surrounds the urethra, which is the tube that carries the urine from the urinary bladder to out of the body, and so, the enlargement of the gland squeezes or blocks the urethra, causing discomfort and problems while urinating. 

Browse detailed report with COVID-19 impact analysis at BPH Procedures Research Report

This condition is common in geriatric men, so much so, that almost half of all men in the age bracket 51—60 years suffer from it. As per many studies and reports, up to 90% of all men over the age of 80 years all over the world suffer from benign prostatic hyperplasia. This disease is commonly treated via medications, laser-based treatment, transurethral resection of the prostate (TURP), and various other energy-based treatments such as prostate artery embolization and implants.

Out of the surgical, laser-based, and UroLift procedures, the requirement for UroLift treatment procedures is predicted to rise rapidly in the U.S. in the forthcoming years. The main factors responsible for the growing popularity of these treatment procedures are the increasing aging population, lower-costs of the procedure in comparison to the other energy-based procedures, and increasing provision of insurance coverage for this procedure by many insurance companies in the country.

Out of these, the demand for green light laser-based procedures was observed to be significantly high in the U.S. during the last few years. According to many experts, the main factor responsible for the large-scale adoption of green light laser-based procedures was the fact that these procedures allow faster recovery and cause far lesser short-term side effects in comparison to the other laser-based procedures. Moreover, these procedures significantly improve the comfort level experienced by patients while urinating.

Therefore, it can be said with complete certainty that the demand for benign prostatic hyperplasia treatment (BPH) procedures will rise enormously in the U.S. in the upcoming years, because of the growing prevalence of BPH in males and the rapid advancements and innovations being made in these procedures in the country.

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Automotive Industry Installing Safety Systems to Mitigate Road Accidents

The World Health Organization (WHO) estimates that nearly 1.3 million human lives are lost due to road traffic crashes worldwide. To reduce the incidences of road accidents and related deaths, the WHO has initiated a package of six strategies — Save LIVES. The components of this initiative are speed management, leadership, infrastructure design, vehicle safety standards, enforcement of traffic laws, and survival after a crash. The vehicle safety standards of this initiative mandate the installation of seat belts, child restraint anchorage points, anti-lock braking devices, and electronic stability control.

Thus, the increasing global concerns regarding the high prevalence of road accident fatalities will help the automotive safety system market prosper during 2020–2030. Apart from the international organizations, governments of various countries are also mandating the incorporation of vehicle safety features in passenger cars and commercial vehicles to reduce road accident cases. In the coming years, the burgeoning demand for passenger cars, especially luxury cars, owing to the mounting disposable income of people, will create a huge requirement for vehicle safety features worldwide.

Automotive Safety System Market

Active and passive safety systems being integrated into conventional and autonomous vehicles are offered by Robert Bosch GmbH, BYD Auto Co. Ltd., BorgWarner Inc., Continental AG, Bayerische Motoren Werke (BMW) AG, Magna International Inc., DENSO Corp., and Infineon Technologies AG. These companies are engaged in the development of hardware and software of the vehicle safety systems. In the upcoming years, they will be involved in the largescale development and distribution of safety software, owing to the surging adoption of automotive internet of things (IoT) solutions, advanced driver assistance systems (ADAS), connected vehicle technology, and vehicle telematics in the automotive industry. 

According to P&S Intelligence, North America led the automotive safety system market in the preceding years, due to the implementation of stringent vehicle safety regulations in the U.S. and Canada. For instance, the National Highway Traffic Safety Administration (NHTSA) issues Federal Motor Vehicle Safety Standards (FMVSS) to implement vehicle safety laws from the U.S. Congress. These laws enable the U.S. Department of Transportation (DoT) to achieve its mission to reduce and prevent vehicle crashes. 

Thus, the escalating need to reduce road accident cases and the increasing implementation of vehicle safety regulations will encourage the integration of safety systems in automobiles.  

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Burgeoning Vehicle Production Propelling Automotive Transmission System Demand

The International Organization of Motor Vehicle Manufacturers (OICA) estimates that 77,621,582 vehicles were produced globally in 2020, of which 21,787,126 units were commercial vehicles and 55,834,456 units were cars. Thus, the burgeoning production and sales of vehicles, especially in the Asia-Pacific (APAC) and North American regions, is projected to fuel the integration of automotive transmission systems in vehicles in the near future.

Moreover, the rapid technological advancements and the surging disposable income of people in developing countries will also help the automotive transmission market prosper in the forthcoming years. For instance, the Reserve Bank of India (RBI) data reveals that the gross national disposable income and net national disposable income of India grew from INR 1,92,62,652 crore in the financial year (FY) 2018–2019 to INR 2,06,30,319 crore in the FY 2019–2020 and INR 1,72,83,028 crore in the FY 2018–2019 to INR 1,85,11,719 crore in the FY 2019–2020, respectively.

Automotive Transmission Market Report

The leading manufacturers of manual transmission systems and automatic transmission systems, such as dual-clutch transmission (DCT), automated manual transmission (AMT), and continuously variable transmission (CVT), include DENSO Corporation, Faurecia S.A., TRW Automotive Holdings Corp., Hitachi Automotive Systems, Continental AG, Hyundai Mobis Co. Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, BASF SE, Aisin Seiki Co. Ltd., Yazaki Corp., Sumitomo Electric Industries, Johnson Controls Inc., Lear Corp., Toyota Boshoku Corp., Magna International Inc., Delphi Automotive PLC, and JTEKT Corp.

According to P&S Intelligence, the APAC region leads the automotive transmission market, wherein China is the leading user of automotive transmission systems. The dominance of China can be attributed to the largescale automobile production and extensive demand for personal vehicles. The OICA states that China manufactured 5,231,161 commercial vehicles and 19,994,081 cars in 2020. Additionally, the mounting disposable income and accelerating urbanization in India and Thailand will also facilitate the adoption of automotive transmission systems in the region. 

Thus, the soaring automobile sale and production and the growing customer preference for enhanced comfort and smooth driving options will augment the usage of automotive transmission systems in the upcoming years.  

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COVID-19 To Propel Personal Protective Equipment Demand Globally

International organizations and governments of several countries have implemented stringent regulations regarding occupational health and safety at workplaces, owing to which the manufacturing, construction, oil and gas, chemical and pharmaceutical, food and beverage, and transportation companies are using personal protective equipment (PPE) in abundance. For instance, the International Labor Organization (ILO) mandates the use of PPE items for workers who are exposed to hazardous substances. The working environment surveillance suggested by the ILO involves the identification and assessment of environmental reasons that might affect the health of the workers, such as the state of PPE equipment.

Personal Protective Equipment Market

To adhere to the occupational health and safety standards of the ILO, employers are providing PPE products for hand protection, hearing protection, respiratory protection, fall protection, and head, eye, and face protection along with protective clothing. According to the ILO, employers must consult workers or their representatives on suitable PPE items as per the nature of work and type and level of risks attached to the work. Apart from employers, workers should also ensure the proper usage of PPE kits to avoid any damage.

Moreover, the surging cases of COVID-19 cases have been facilitating the personal protective equipment market in the last one-and-a-half years. Coronavirus spread at the speed of lightning, and the only way to break the chain is the use of PPE items, such as surgical masks, examination gloves, gowns, N95 masks, surgical gloves, and face shields, by patients, frontline workers, and healthy people across the world. As there is no cure for this virus yet, people need to be cautious and use masks before stepping out of their house and while providing care to COVID patients.

With the rapid spread of coronavirus, PPE manufacturers, such as 3M Company, Uvex Safety Group, Alpha Pro Tech Limited, Honeywell, Rock Fall Limited, Ansell Ltd., JAL Group Italia SRL, Avon Rubber PLC, and JAL Group Italia SRL, are focusing on ramping up the production of PPE kits, surgical masks, surgical gloves, gowns, and examination gloves, for the medical fraternity and basic PPE items, such as masks, for civilians, to contain the spread of this virus. Additionally, the resurgence in the growth of the manufacturing sector is fueling the production of protective clothing, as this industry has high chances of fatalities.

Furthermore, the Asia-Pacific (APAC) personal protective equipment market is expected to witness considerable growth in the foreseeable future owing to the upcoming third wave of COVID-19 pandemic in countries such as India and expanding manufacturing sector in India, China, and Japan. The ongoing pandemic has severely affected the region in the last two years, and it is being projected that novel variants, such as Delta+, will affect more people in the coming years. For instance, the second wave of COVID-19 in India impacted millions of people. and the Delta variant will impact more people in the upcoming months, if precautions are not taken.

Thus, the growing incidence of COVID-19 and expanding manufacturing sector will accelerate the adoption of PPE products in the forthcoming years.

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Asia-Pacific GIS Market To Prosper in Coming Years

The global geographic information system (GIS) market value stood at $8,185.9 million in 2020, and it is predicted to exhibit a CAGR of 11.6% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will reach a value of $24,607.7 million by 2030. 

The major factors fueling the expansion of the market are the surging investments being made in the GIS technology, abundant availability of cloud technology and spatial data, and burgeoning requirement for GIS solutions in the transportation sector. Geographically, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the GIS market in the coming years. 

This is ascribed to the growing urbanization rate and burgeoning need for geographic information systems in regional countries, such as India and China. Moreover, the governments of the regional countries have extensively used GIS solutions for various military applications in recent years in order to improve homeland security and infrastructure. The GIS market is highly consolidated in nature and the players are actively focusing on product launches and mergers and acquisitions in order to bolster their presence in the industry. 

For example, Hexagon AB completed the acquisition of Immersal Oy, which is a provider of visual positioning and spatial mapping solutions which are used in augmented reality (AR) applications, in July 2021. With the help of this acquisition, the company started providing onsite deep insights, thereby improving the field of view with the aid of superimposed digital information.

Amongst these, the government sector held the largest share in the market in the past, as it extensively used GIS for several applications, such as information and data collection on natural calamities, urban and rural planning, and community planning. Besides developed nations, the governments of developing countries are also making huge investments in data-based and digital GIS technologies for rural and urban planning, optimal natural resource usage, and public health improvement.

Hence, the demand for GIS solutions will soar in the coming years, primarily because of their surging requirement in the transportation sector.

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Toughening Emission Control Laws Fueling Injector Nozzle Demand

An injector nozzle is used to inject the prescribed volume of fuel inside the combustion chamber after receiving a signal from electronic sensors in the automobile. The fuel enters the nozzle at a high pressure, which is then passed through extra thrust into the engine cylinder. The fuel is injected in the nozzle in the form of spray. As injector nozzles help in reducing emission from the engine and maintaining the engine performance, nozzle shape, injector sac, injector seat, and size of the nozzle hole are precisely monitored while making them.

Automakers around the world are increasingly installing injector nozzles in their offerings to comply with the toughening vehicle emission standards, owing to which, the injector nozzle market will prosper in the upcoming years. For instance, the Euro 6 standards caused a sharp reduction in nitrogen oxides (NOx) emission from light-duty vehicles from 2.0 g/kWh to 0.4 g/kWh in steady-state testing and from 2.0 g/kWh to 0.46 g/kWh in transient testing. 

According to P&S Intelligence, the North American injector nozzle market advanced at the highest rate in the preceding years due to the huge requirement for domestic vehicles in the region. Moreover, the toughening emission laws of the U.S. will also encourage the integration of injector nozzles in automobiles in the region. For instance, the U.S. Environmental Protection Agency (EPA) has laid down the Heavy-Duty Highway Engine: Clean Fuel Fleet Exhaust Emission Standards and Phase 1 Greenhouse Gas Emission Standards and Fuel Efficiency Standards for Medium- and Heavy-Duty Engines and Vehicles to reduce emission from medium- and heavy-duty vehicles.

In the coming years, the demand for injector nozzles is expected to soar in Asia-Pacific (APAC). This will be due to the surging vehicle demand, lowering the production cost of automobile parts, and increasing implementation of stringent emission norms. For instance, according to the OICA, 19,994,081 cars and 5,231,161 commercial vehicles were manufactured in China in 2020. Furthermore, the implementation of emission norms, such as Bharat Stage VI (BS-VI) in India, is resulting in the large-scale installation of injector nozzles in vehicles in the region.

Thus, the increasing implementation of stringent vehicle emission norms and booming automobile sales and production will create a huge requirement for injector nozzles worldwide.  

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Surging Carbon Emissions Driving Electric Aircraft Sales

With the surging air pollution levels and rising carbon emissions, the governments of many countries are focusing on promoting the adoption of electric aircrafts. Moreover, the increasing implementation of regulatory environment regulations and carbon emission policies in several countries is also fueling the demand for electric aircrafts. For instance, Norway is aiming to deploy aircrafts powered by electricity in order to mitigate the emission of greenhouse gases by 2040. In addition, the Government of Norway wants aircraft manufacturing companies to manufacture a 30-seat airliner powered by electric motors, that can be officially launched by 2025. 

Similarly, a JetBlue Airways, Zunum Aero, and Boeing Co. backed startup announced in May 2018 that it intends to launch its first hybrid-electric plane by 2022. Furthermore, the rising number of airline passengers is also positively impacting the worldwide requirement for aircrafts that are easier to maneuver, safer, and create less noise. Besides these factors, the lower cost of ownership of electric aircrafts is also fueling the expansion of the global electric aircraft industry. 

Electric Aircraft Market Report | P&S Intelligence 

Geographically, the deployment of these aircrafts is expected to rise considerably in North America in the forthcoming years, with the U.S. predicted to become the largest electric aircraft market in the upcoming years. The Environmental Protection Agency (EPA) has recently laid down regulations pertaining to the emission of greenhouse gases by aircrafts. Moreover, the increasing research activities and rapid technological advancements are also expected to fuel the demand for electric aircrafts in the country in the upcoming years. 

With the enactment of such strict regulations by the governments of other countries, the sales of electric aircrafts are surging sharply. This is also encouraging original equipment manufacturers (OEMs) to penetrate newer markets in both developing and developed nations. In addition, the burgeoning requirement for the adoption of fuel cells in electric aircrafts, advent of technologically advanced battery parts and materials, and emergence of next-generation asynchronous propeller technology in order to cater to the needs of consumers are predicted to push up the sales of electric aircrafts in the coming years. 

Hence, it can be safely said that the demand for electric aircrafts will rise enormously in the coming years, mainly because of the burgeoning need for environment-friendly aircrafts all over the world. 

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Increasing Internet Penetration Driving Marketing Automation Market Expansion

From $4,438.7 million in 2020, the global marketing automation market revenue is predicted to surge to $14,180.6 million by 2030. As per the forecast of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 12.3% from 2020 to 2030 (forecast period). The market is being propelled by the growing adoption of digital marketing, soaring use of social media platforms, and increasing adoption of marketing automation software by small and medium enterprises (SMEs) across the world.

With the growing penetration of the internet, both large and small and medium enterprises are increasingly focusing on adopting digital marketing to stay ahead of the competition. Moreover, they are incorporating automation tools for advertising their products and services on various channels, such as social media, web, and email, and improving the lead nurturing process. 

Additionally, global digital ad spending is predicted to surpass $450.7 billion by the end of 2021, accounting for over 50% of the total ad expenditure. Germany, the U.K., Japan, China, and the U.S. are some of the top digital marketing investors around the world. Another major marketing automation market growth driver is the growing adoption of automation software by SMEs. 

Currently, SMEs, whose number stands at 4 million across the globe, hold a large number of shares in various enterprises around the world. As per the World Bank, they represent around 90% of the businesses and over 50% of the employees. The mushrooming number of SMEs is predicted to push up the requirement for automated marketing operations. Depending on deployment, the market is divided into on-premises and cloud categories.

This market research report provides a comprehensive overview of the market

• The Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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Rapid Shift to EV Will Facilitate Automotive Drivetrain Production

The International Energy Agency (IEA) predicts that global stock of battery electric vehicle (BEV) trucks, plug-in hybrid electric vehicle (PHEV) trucks, and fuel cell electric vehicle (FCEV) trucks will expand from 30,872 units in 2020 to 860,942 units by 2030, 228 units in 2020 to 900,264 units by 2030, and 3,815 units in 2020 to 26,139 units by 2030, respectively. The organization also forecasts that BEV cars and PHEV cars sales will increase from 2,008,024 units in 2020 to 14,370,678 units by 2030 and 969,034 units in 2020 to 7,761,233 units by 2030, respectively.

Thus, the rising penetration of electric vehicles, owing to the escalating need to reduce greenhouse gas (GHG) emissions, will help the automotive drivetrain market progress in the foreseeable future. The U.S. Energy Information Administration (EIA) estimates that world carbon dioxide (CO2) emissions from fossil fuel combustion increased from 36.638 billion metric tons in 2018 to 36.912 billion metric tons in 2019. As per the organization, global atmospheric CO2 concentration surged from 409.28 parts per million in 2019 to 411.74 parts per million in 2020.

In contemporary times, automobile manufacturers are using drivetrain systems developed by ZF Friedrichshafen AG, Aisin Seki Co. Ltd., American Axle & Manufacturing Inc., GKN PLC, JTEKT Corporation, Borgwarner Inc., Dana Incorporated, Showa Corporation, Magna International Inc., and Schaeffler Group. Currently, these companies are focusing on manufacturing lightweight drivetrains to improve the overall performance of vehicles. Drivetrains offered by these manufacturers are used in passenger cars, EVs, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs).

According to P&S Intelligence, the Asia-Pacific (APAC) will lead the automotive drivetrain market in the forthcoming years. This will be on account of the increasing technological advancements in the automobile industry and the surging vehicle production in the region, especially in Japan, India, South Korea, and China. For example, the Society of Indian Automobile Manufacturers (SIAM) states that 3,062,221 passenger vehicles and 624,939 commercial vehicles were manufactured in India in the financial year (FY) 2020–2021. 

Therefore, the surging production and adoption of automobiles, including EVs, will accelerate the deployment of automotive drivetrains in the foreseeable future.  

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Surge in Electric Vehicle Demand To Encourage Smart E-Drive Adoption in Future

According to the International Energy Agency (IEA), the total number of battery electric vehicle (BEV) cars and BEV vans will rise from 6,850,327 units in 2020 to 79,975,992 units by 2030 and 427,525 units in 2020 to 11,041,648 units by 2030, respectively. Furthermore, the organization also forecasts that the stock of plug-in hybrid electric vehicle (PHEV) cars and PHEV vans will expand from 3,346,713 units in 2020 to 44,355,904 units by 2030 and 8,384 units in 2020 1,959,625 units by 2030, respectively. 

The burgeoning penetration of electric vehicles (EVs) and hybrid vehicles is expected to strengthen the smart e-drive market in the foreseeable future. The rising shift toward EVs and hybrid vehicles can be primarily owed to the surging need to reduce the level of greenhouse gases (GHGs), which are largely emitted by vehicles. For example, the U.S. Environmental Protection Agency estimates that on-road vehicles emitted 1,512.7 teragrams of carbon dioxide equivalent (Tg CO2 Eq) of CO2, 32.7 Tg CO2 Eq of hydrofluorocarbons (HCFs), and 9.3 Tg CO2 Eq of nitrogen dioxide (N2O) in the U.S. in 2019.

Smart E-Drive Market Report

 

All-wheel drive (AWD), rear-wheel drive (RWD), and front-wheel drive (FWD) systems offered by Magna International Inc., Hyundai Mobis Co. Ltd., BorgWarner Inc., Robert Bosch GmbH, Continental AG, Infineon Technologies AG, GKN plc, Siemens AG, AISIN SEIKI Co. Ltd., Hitachi Ltd., Schaeffler AG, MAHLE GmbH, and ZF Friedrichshafen AG are used for e-axle and wheel drive applications. In recent years, AWD gained prominence over RWD and FWD due to the rising need for better acceleration, traction, and towing capabilities in multi-utility vehicles (MUVs) and sport-utility vehicles (SUVs). 

Globally, the European region is expected to lead the smart e-drive market in the coming years. This will be on account of the burgeoning demand for EVs and hybrid vehicles and toughening vehicle emission norms in the region. Additionally, the presence of prominent automotive original equipment manufacturers (OEMs) such as ZF Friedrichshafen AG, Robert Bosch GmbH, and Continental AG and the rapid expansion of charging infrastructure will also facilitate the adoption of smart e-drive features in European countries. 

Thus, the soaring number of EVs and hybrid vehicles and the increasing implementation of stringent emission control norms will result in the widescale usage of smart e-drive features.  

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Strong Road Safety Focus Driving Demand for Insulated Automotive Cabins

As per the United Nations (UN), the global population will increase from 7.7 billion in 2019 to 10.9 billion by 2100. This is directly resulting in the rising sale of automobiles, as more the people, the more the vehicle buyers. While vehicles fulfill the basic purpose of transporting people, comfort and luxury are also becoming important factors influencing their sales. With a higher disposable income, people are now preferring premium vehicles that offer a higher level of comfort.

Hence, P&S Intelligence expects the automotive cabin insulation market to witness robust growth in the years to come. Cabin insulation has many practical advantages, such as reducing the level of noise from the engine and outside in the passenger area of the vehicle and allowing for better temperature control. As the reduced loss of heat from the cabin during winters drives down the load on the heater and the reduced gain of heat during summers decreases the load on the air conditioner, the requirement for electrical energy comes down.

Automotive Cabin Insulation Market

This means that the auxiliary battery in a car, bus, or truck takes longer to deplete, which leads to a lower requirement for the engine to charge it continuously. This can not only reduce the consumption of fuel, but use more of whatever is being consumed into propelling the vehicle, thus improving the mileage. Even though such benefits may be small in the short run, vehicle owners usually benefit considerably over the long term. Hence, this factor may be more important for fleet owners, whose fuel expenses are a lot higher than individual vehicle owners.

As a result of all such factors, Asia-Pacific (APAC) is expected to continue to dominate the automotive cabin insulation market in the coming years. China, India, South Korea, and Japan produce the most automobiles around the world, which is why the demand for automotive components is the highest here. Further, with the rising purchasing power of people, the demand for luxury cars with insulated cabins is rising. Similarly, the public transportation sector of the region is rather large, and despite the millions of public buses, they need more to cater to their burgeoning population.

Hence, with the rising sales of buses, trucks, and luxury cars, the demand for insulating materials for the driver’s cabin will continue to increase.

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How is Adoption of Advanced Medical Devices Driving Medical Electrodes Demand?

 The International Diabetes Federation (IDF) states that around 463 million adults, aged 20–79 years, were living with diabetes in 2019. Additionally, the organization also mentions that this lifestyle-associated disease caused 4.2 million deaths in 2019, and it will affect approximately 700 million people by 2045. Additionally, the World Health Organization (WHO) estimates that cardiovascular diseases (CVDs) were responsible for nearly 17.9 million fatalities in 2019. The organization also states that cancer accounted for around 10 million deaths in 2020.

Access Report Summary - Medical Electrodes Market Growth Forecast Research Report

Thus, the increasing prevalence of chronic and lifestyle-related diseases will help the medical electrodes market progress at a CAGR of 6.7% during 2021–2025. As the patients suffering from chronic illnesses are extremely prone to several disabilities and require constant medical attention, medical professionals are using medical electrodes to offer a statistical basis for medical diagnosis and treatment to affected people. According to P&S Intelligence, the market was valued at $842.9 million in 2020 and it will generate $1,151.6 million revenue by 2025. 

In recent years, medical electrode manufacturers have introduced new products and engaged in the approval process to provide better diagnosis and avoid contamination among patients. For example, in September 2019, Johnson & Johnson introduced the Megadyne Mega Soft, a new reusable electrode, to enhance comfort and eliminate adhesive-related injuries in patients. Likewise, Nihon Kohden Corporation unveiled premium disposable gold-cup EEG electrodes in April 2020 to prevent cross-contamination among patients while maintaining high-quality EEG signals. 

In the coming years, the Asia-Pacific (APAC) region will adopt a substantial volume of medical electrodes due to the mounting healthcare expenditure, booming aging population, and surging incidence of chronic diseases. For example, the United Nations Population Fund (UNFPA) predicts that nearly 1.3 billion people in the APAC region will be aged 60 years and above by 2050. Further, the WHO estimates that CVDs accounted for approximately 27% of deaths in India in 2016. Similarly, India Against Cancer states that 7,84,821 cancer-related deaths were recorded in India in 2018. 

Thus, the rising incidence of lifestyle-associated and chronic ailments and burgeoning demand for advanced diagnostic equipment and instruments in healthcare settings will facilitate the adoption of medical electrodes globally.  

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Awareness on Autoimmune Disorders To Drive Autoimmune Disease Diagnostics Demand

 The Multiple Sclerosis International Federation (MSIF) states that 2.8 million people around the globe were living with multiple sclerosis in 2020, and this autoimmune disease affects around 1 in 3,000 people worldwide. Further, the American Lung Association estimates that approximately 200,000 new cases of sarcoidosis are recorded in the U.S. each year. Additionally, the National Organization for Rare Disorders states that 1 in 10,000 individuals around the world are affected by systemic scleroderma, and this autoimmune disorder is highly prevalent among the Australian and North American populations.

Browse In-depth Autoimmune Disease Diagnostics Market Research Report

In recent years, several researchers have discovered new biological markers or biomarkers to diagnose autoimmune diseases. For example, in August 2019, researchers at the University of Alberta discovered a new biological marker to identify the existence of myasthenia gravis, a rare autoimmune disease. This biomarker can also be utilized for formulating new personalized treatment procedures and predicting the course of the disease. Scientists around the world are also discovering biomarkers to detect multiple sclerosis, rheumatoid arthritis (RA), sarcoidosis, scleroderma, systemic lupus erythematosus (SLE), and sjögren's syndrome.

These autoimmune disease diagnostic products are used in academic institutes and research centers, hospitals, and diagnosing centers in autoantibodies and immunology, cytokine, flow cytometry, human leukocyte antigen (HLA), inflammatory marker, and routine laboratory tests. Currently, hospitals are the largest user of such products, owing to the improving healthcare infrastructure, the rising prevalence of chronic autoimmune disorders, the soaring number of awareness programs and campaigns being conducted by public and private organizations, and the increasing deployment of technologically advanced medical devices by these healthcare facilities.

Globally, the North American autoimmune disease diagnostics market generated the highest revenue during the historical period, on account of the mounting healthcare expenditure, soaring aging population, and increasing cases of autoimmune diseases in the region. Additionally, the presence of leading market players also contributes to the regional market growth. Whereas, the Asia-Pacific (APAC) market is expected to display the fastest growth throughout the forecast period, owing to the booming elderly population and mounting public awareness regarding autoimmune diseases in regional countries. 

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Why Are Athletes Taking Chlorella Powder-based Supplements?

Chlorella serves as a nutritional supplement for animals as the components of this alga help in strengthening their immune systems. The intake of chlorella powder improves the body’s immunity against fungi, viruses, and bacteria. Moreover, the vitamin A and C content of chlorella help in promoting hair growth and reducing skin problems in animals. As a result of these benefits, animal feed producers are focusing on the production of chlorella-based animal feed. Additionally, the pet food industry is also emphasizing on the introduction of chlorella-based animal supplements to enhance the immune system of pet animals.

Furthermore, chlorella serves as a nutritional supplement for humans as well. In recent years, the surging public focus on health and fitness has accelerated the consumption of chlorella-based food supplements worldwide. Due to this reason, the chlorella powder ingredient market will advance at 16.5% CAGR during 2019–2024. The market was valued at $423.7 million in 2018 and it is projected to generate $1,106.8 million revenue by 2024. This nutrient-dense alga helps in facilitating the removal of heavy metals such as mercury, lead, and cadmium and stimulating antibody production in human beings.

Chlorella Powder Ingredient Market

Chlorella-based animal feed, nutrition and protein supplements, and hair care and skincare products can be purchased from pharmacies, supermarkets/hypermarkets, online platforms, specialty stores, and convenience stores. Nowadays, manufacturers of such products are increasingly focusing on selling their offerings via e-commerce platforms. Furthermore, the rising shift of customers toward online medium is heavily contributing toward the provision of a wide product portfolio, better deals, home delivery, 24*7 hassle-free shopping experience, and easy price comparison features by e-commerce platforms. 

According to P&S Intelligence, Asia-Pacific (APAC) dominated the chlorella powder ingredient market in the preceding years. This can be attributed to the increasing public consciousness about healthy living and the accelerating demand for dietary supplements for improved health in the region. Besides, the ascending demand for natural and organic hair care and skincare products will also create a huge requirement for chlorella powder ingredients in the region in the foreseeable future. Among APAC nations, China consumes the highest quantity of this nutrition-intensive alga.

Therefore, the escalating public awareness about health and fitness and booming demand for organic and natural cosmetic products will fuel the consumption of chlorella powder ingredients in the upcoming years.  

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Boom in Immigrant Population To Drive Mattress and Accessories Demand in Canada

As per the Organization for Economic Co-operation and Development (OECD) Better Life Index, the average per capita household net-adjusted disposable income in Canada is $30,854 a year. Further, Statistics Canada states that the adjusted household disposable income of the country increased from $1,623,255,000,000 in 2019 to $1,765,305,000,000 in 2020. The rising disposable income is encouraging the people of Canada to replace their old mattresses with new mattresses and accessories to lead a comfortable life. 

Additionally, the soaring number of immigrants is expected to propel the Canadian mattress and accessories market at 1.7% CAGR during the forecast period (2019–2024). The market was valued at $2,468.7 million in 2019, and it is projected to generate $2,689.8 million revenue by 2024. Statistics Canada has recorded the entry of over 341,000 permanent residents in the country in 2019. As per the organization, more than 404,000 temporary work permits and 402,000 study permits were issued to the immigrants in Canada in 2019.

Canada Mattress and Accessories Market

Currently, mattress and accessories manufacturers in Canada are engaging in product launches and mergers and acquisitions to offer improved products to their existing and prospective customers. For example, in April 2019, DirectBed introduced the Pure Zee Mattress Collection comprising of three types of mattresses— Louise Suite, Logan Suite, and Hudson Suite. These mattresses are made of natural materials, such as latex, bio-foam, gel foam, and cool gel, and are priced between $376 (CAD 500) and $1053 (CAD 1400).

According to P&S Intelligence, the Central region accounted for the largest share in the Canadian mattress and accessories market during the historical period (2014–2019), and it will continue this trend throughout the forecast period as well, owing to the presence of a vast population in major provinces of the country, such as Quebec and Ontario. As per Statistics Canada, the population of Quebec and Ontario surged from 8,578,300 in the third quarter (Q3) of 2020 to 8,604,495 in Q3 of 2021 and 14,745,712 in Q3 of 2020 to 14,826,276 in Q3 of 2021, respectively. 

Therefore, the booming disposable income of people and the growing number of immigrants will accelerate the adoption of mattresses and accessories in Canada. 

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