Automotive Data Logger Market Will Reach USD 5,770.5 Million By 2030

The worldwide automotive data logger market achieved a valuation of USD 3,587.3 million in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. This growth trajectory is projected to lead to a market value of USD 5,770.5 million by the year 2030. 

This can be credited to the rising addition of compact, lightweight, and smart electrical and electronic systems in passenger vehicles, armed with the growing requirement for tracking and analyzing real-time car data to ensure vehicle and passenger safety.

Worldwide OEMs of automotive data logging equipment are paying more and more attention to the system enrichment that would attract more customers and offer more convenience to users. 

The breakthrough features are the swift and flexible hardware technologies, together with the enhanced and roomy dashboard customization options. For instance, in September 2019, Racelogic Ltd, an effective GNSS data logger, introduced VBOX Touch offering precision at the global level.

Regulatory bodies are the fastest-rising category, growing at a CAGR of 7.6% during the projection period. This can be ascribed to the fact that the market is going ahead in the direction of self-driving and eco-friendly vehicles. 

As a result, outdated regulations and rules must be updated, and new laws and regulations must be established. To accomplish this, regulatory bodies will need to gain a thorough understanding of the functionality of these modern vehicles, necessitating the use of data loggers at their testing facilities.

In 2023, the pre-sales category leads the automotive data logger industry, with a revenue share of approximately 75%. This is mainly because data loggers are extensively utilized in the automotive market at this stage because of their comfort of use and the comprehensibility and dependability of the gathered information.

The Controller Area Network (CAN) and Controller Area Network Flexible Data (CAN FD) categories dominated the market in 2023, capturing the largest market share of 40% based on channel. CAN and CAN FD are data communication protocols commonly utilized for transmitting sensor data and control information over two-wire connections between various components of electronic instrumentation and control systems.

During the projection period, the Asia-Pacific region is estimated to be the fastest-growing industry, growing at a CAGR of 7.8%. In the past few years, APAC has arrived as a center for the acceptance of enhanced features in automobiles. Industrialization and infrastructure growth in the region are creating many opportunities for automotive OEMs.

Additionally, with the surge in the acceptance of enhanced electric components in car architecture and during the testing of cars before their commercialization, the industry is set to experience a boom in the continent.

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Feeding Formulas Market Will Reach USD 10,963.7 Million By 2030

The global enteral feeding formulas market, valued at USD 5,781.8 million in 2023, is projected to reach USD 10,963.7 million by 2030, with an anticipated growth rate of 9.7% during 2024–2030. This growth of the market can be credited to the surge in the elderly populace and the surge in the occurrence of chronic illnesses, such as diabetes, cancer, neurological diseases, and gastrointestinal diseases.

Another reason that is propelling the development of the industry is the high occurrence of malnutrition or shortages in nutrient consumption. Patients who are undernourished or who are in danger of malnutrition can fulfill their need for nutrition by taking enteral feeding formulas mainly because they comprise all the vital nutrients, like calories, vitamins, and protein needed for everyday activities. As per the WHO, around 45% of the demises among kids below 5 years of age are linked to undernutrition. They typically happen in middle-income nations.

In 2023, standard formulas had the largest share of 35% and they are projected to lead the product segment during the projection period. This can be credited to the fact that this formula is made for grownups or kids who have normal digestion. Additionally, standard formulas can be utilized for both enteral feeding and as an oral supplement. Furthermore, standard formulas are lucrative easily obtainable, and can be utilized in hospital and homecare settings.

In 2023, gastrointestinal diseases held the highest feeding formulas industry income, of approximately USD 1.5 billion, and it is projected to lead the application segment during the projection period. This is because of the growing occurrence of gastrointestinal illnesses, which affect the GI tract from the buccal cavity to the anus. Some instances are lactose, nausea, food poisoning, and diarrhea.

During the projection period, North America is projected to continue dominating the industry with a share of approximately 55%. This is mainly because of the standardized and favorable FDA rules for these products in the U.S. The U.S. FDA has announced it would permit makers of infant formula products to use implementation discretion to surge the supply of pediatric formula throughout the nation.       

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APAC Has Significant Position in Semiconductor Chemicals Market

The size of the semiconductor chemicals market was about USD 12.5 billion in 2023, and it will power at a growth rate of 12.5% by the end of this decade, to touch a total value of USD 28.3 billion by 2030. 

Furthermore, the progressing semiconductor technologies, for example complex designs, and the evolution to smaller nodes require the expansion of new chemicals, for meeting the needs for miniaturization, competence, and performance.

The rising requirement for cutting-edge technologies and products, such as 5G, autonomous automobiles, and AI, has formed a high demand for semiconductor components that can endure high temperatures and other extreme conditions.

APAC semiconductor chemicals market has a substantial position, and it will reach a value of over USD 6 billion by 2030. This is credited to the mounting automotive sector and the increasing production of semiconductors. 

The requirement for semiconductors is one of the biggest trends, and because of it, the industry is rising at a substantial rate. This is because of their vital role of powering electronic appliances, for example smartphones, tablets, and laptops. Consequently, this trend is shaping the requirement for supreme chemicals that allow higher accuracy in the wafer fabrication process, augmented production, and cost-efficiency.

 Due to the growing use of electronic devices all over the world, the demand for semiconductor chemicals is on the rise. This trend will continue in the years to come as well.

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Imaging Chemicals Market Will Touch USD 47.0 Billion in 2030

The imaging chemicals market was USD 31.7 billion in 2023, which will touch USD 47.0 billion, with a 5.8% compound annual growth rate, by 2030.

The growth of this industry is primarily because of the different uses of these chemicals like packaging, printing, textiles, and medical diagnostics.

The growing occurrence of brain disorders, cancer, and various other illnesses boosts the need for diagnostic imaging tests, including magnetic resonance imaging, computed tomography, and X-rays. 

Furthermore, the growing acceptance of digital printing, as it is quicker and more effective compared to traditional processes, is further boosting this category expansion. The acceptance of digital printing is also rising because of the shifting customer demands.

The printing & packaging category, based on application, was the largest contributor to the imaging chemicals market. This is because of the growing need for printing and packaging across the globe. Therefore, the surging need for the different chemicals utilized for this purpose makes the industry competitive.

Therefore, the growing occurrence of chronic illnesses that need radiological studies will boost this industry during this decade.

North America was the largest contributor to the industry in 2023, with a 45% share. This can be ascribed to the existence of highly developed healthcare infrastructure in this continent, as well as the increasing customer spending on healthcare. 

In addition, the U.S. was a significant contributor to the North American industry. This is because of the use of developed healthcare technologies in this country, coupled with the rising research activities in the continent.

With the rising application of these chemicals across different sectors, the imaging chemicals industry will continuously advance in the years to come.

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Waxing Trends: Navigating the Global Wax Market

The wax market was USD 10.6 billion in 2023, which will touch USD 14.7 billion, growing at a 4.9% compound annual growth rate, by 2030.

The paraffin category is the largest contributor to the industry. This is because of the fact that paraffin wax is employed for various applications in different sectors. For example, paraffin wax is employed for coating packaging material in the packaging sector. 

In addition, it is utilized in the lubrication and electrical insulation sectors as it offers exceptional heat retention and absorption abilities.

The candles category, on the basis of application, is the largest contributor to the wax market. This is because of the growing need for aromatherapy via scented candles for relaxation and stress reduction. Furthermore, the rising trend of people selecting candles with color and fragrance, to improve room décor or ambiance, boosted the requirement for wax.

The packaging category is the second-largest contributor to the industry. Quality control is highly essential in the food sector, particularly in developed nations, where government rules are strict. Waxes possess great moisture barrier properties; therefore, they are employed in packaging to preserve the food products' quality.

Moreover, the surging utilization of cosmetic products like lotions, makeup, sunscreens, and creams by the younger populace in India, Japan, Indonesia, China, and South Korea will further boost the regional industry expansion.

With the rising need for this product across different sectors owing to its good chemical resistance, high gloss, and water repulsion, the wax industry will continuously progress in the coming years.

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Automatic Number Plate Recognition System Market is Led by North America

The automatic number plate recognition system market is estimated to generate USD 3,219.9 million in 2023, which will touch USD 6,010.8 million, propelling at a 9.5% compound annual growth rate, by 2030.

The growth of this industry is because of the increasing usage in agencies, such as parking, toll plazas, traffic management, and police force; the growing automotive sector; and the rising trend for pay-per-use roads.

Moreover, the high capital funding mainly in developing countries, coupled with the increasing acceptance of advanced systems and technology by different governments to control traffic, also boosts the industry.

In 2022, the fixed category, based on type, was the largest contributor to the industry, and it will remain the largest throughout this decade. This can be because of the increasing utilization of these systems for traffic management and the rising transformation in road infrastructure.

Moreover, this category is also driven by its high deployment in interstate areas and borders with heavy traffic, as well as the surging need for automated parking management systems.

In 2022, the government category, based on end user, led the industry, and it will remain leading throughout this decade. This can be because of the rising count of government infrastructural projects, coupled with the increasing acceptance of developed technologies by public safety agencies.

The commercial category, on the other hand, is likely to propel at a faster rate during this decade. This is mainly because of the increasing number of commercial complexes, luxury apartments, and shopping malls, where this technology is used for parking management.

In 2022, North America dominated the industry, and it will remain dominating throughout this decade. This can be because of the developments in current traffic control systems, the swift digitalization, and the increasing need for human-free involvement in traffic monitoring devices.

APAC is likely to propel at the fastest rate during this decade. This is because of the increasing urbanization rate; the easy accessibility of sensors employed in such systems; and the growing living standard along with rising per capita income.

With the rising growth in the automotive sector, the automatic number plate recognition system industry will continue to progress in the coming years.

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What Do Different Industrial Scrubbers Do for You?

Scrubbers are devices using liquid for the elimination of particulate matter or gases from an industrial exhaust or flue gas stream. This liquid entrains pollutant gases and particles for effectively washing them out of the gas flow.

Wet Industrial Scrubbers

This differs from the other scrubbers because the liquid-gas association increases the level of moisture of the gas expelled from the scrubber. The increased moisture will create a visible cloud leaving the scrubber.

Dry Industrial Scrubbers

The dry sorbent used to eliminate the acid from the gas is made of an alkaline slurry. This is basic in nature and will counteract the acid in the gas. This can be mixed with thse acid gas in two ways. 

There are two types of dry industrial scrubbers. The first method is dry sorbent injection. In this, the gas is mixed directly with the alkaline sorbent.  

Another method is the spray dryer absorbent method. In this, the polluted gas is processed through a mist of the sorbent. The sprayer lets for a good mix and effective removal of the contaminants from the gas.

Electrostatic Precipitators

Furthermore, there are also wet electrostatic precipitators helping remove high moisture gases. Some chemicals that can be removed from gas are sulfuric acid. The slurry containing the bound pollutant is rotated away from the electrostatic precipitator for removal of the contaminates and uphold an effective charged surface for removal of pollutants.

The demand for industrial scrubbers is on the rise, and will reach a value of USD 8,055 million by the end of this decade. It is because of the increasing count of manufacturing facilities resulting in the discharge of several pollutants.

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How Camouflage Coatings Can Help in Military Operations

Every other day we see in the news, the incidents of terrorism and some even more unfortunate events like the Russia- Ukraine war. Soldiers have to tackle all these murky situations.

While dealing with these situations, there are numerous ways by which soldiers disguise themselves to avoid an encounter or surprising the enemy. The most effective disguise is camouflage coating, the purpose of which is to make equipment and the soldiers less visible to enemy eyes. 

The Origin of Camouflage

The word camouflage is French and the idea it carries is that of taking something visible and rendering it invisible by making it look like something different than the actual thing.

Well, the camouflage coatings worn by soldiers comes from companies manufacturing camouflaged coatings for sale all over the world.

How Camoflauge Coatings Can Come in Handy?

Taking the Enemy by Surprise

Basically, camouflage is any material intended to fool the eyes of the enemy into not seeing your equipment, you, or your place of hiding. 

If there is a requirement of concealing your position from the eyes of the enemy, camouflage is the correct tool. 

If you do not want to revel your position before doing an all-out attack on the enemy and taking them by surprise again ,camouflage  can again come in handy

And if the enemy is unaware of your exact position in the close proximity,  camouflage coatings  will help you to reach the safety of your own lines. 

Helping in Both Offense and Defense Operations

In any defensive or offensive situation where the enemy should be visually tricked for achieving a specific objective, camouflage is essential. The right camouflage coating for the environment in which the operation is being done can prevent the enemy from finding out what are your actions, until the point it’s too late to launch any sort of counter against you.

It is because of the increasing requirement of concealing military people and their equipment from the eyes of the enemies, and the changing nature of the military because of the growing terrorism, the demand for camouflage coatings is on the rise. The total demand for these coatings will touch a value of USD 549.4 million by the end of this decade.

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Increasing Global Warming Will Drive Electric Car Market

In 2022, the electric car market registered a sale of 8.1 million units, and it is predicted to grow at a 23.8% CAGR, to reach 45 million units by 2030, as per P&S Intelligence.

In the past few years, electric vehicles have become a major area of attention for several automakers, such as General Motors, Ford Motors, and BMW AG. Moreover, the main factors that are driving the demand for battery cars include the snowballing consumer concentration in reducing their vehicles’ CO2 release, supportive government guidelines, and refining battery technology.

The improvement of electric vehicle batteries is the major factor for the lowering cost and expanding driving range of electric vehicles. New cell understandings are being studied to make electric vehicle batteries compact, and lighter, and increase the capability to store more energy, to enable such vehicles to strive against conventional fuel-based ones.

Based on volume, the U.S. is projected to witness considerable development, at a CAGR of 24.2% in the coming few years due to the growing government aid for eco-friendly automotive technologies. The vital initiatives for EVs in the country include the U.S. federal tax credit of USD 7,500 on their buying, the ZEV program in California, Corporate Average Fuel Economy standards, and other states.

In the APAC region, China is dominating the industry, with a revenue share of approximately 90% in 2022, boosted by the high output of e-cars, braced by government help and reimbursement strategies.

As electrical vehicles are costlier in comparison to traditional ICE vehicles, the Chinese 

The battery accounts for a significant share of the total price of an electric vehicle. For BEVs to become cost-effective with conventional models, the cost of the battery packs should fall under $120/kWh by 2030. Automotive lithium-ion battery pack cost was previously reduced significantly during the 2010–2016 period, to $227/kWh.

Hence, mainly because of global warming, the sales of the electric car will increase in the future as well.

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What is Age-Related Macular Degeneration?

 Age-related macular degeneration (AMD) is an eye illness that can have an adverse impact or blur your vision. It usually occurs after a person attains a certain age — the portion of the eye that controls straight-ahead vision. The macula is a portion of the retina which is the light-sensitive tissue at the back of the eye.

Age-related macular degeneration is a common disorder —it is one of the leading reasons for vision loss for older people. AMD causes partial blindness, not complete blindness, but losing the central vision will be going to make it hard to recognize any face or thing at the first glance, read, drive or do work such as household work, and cooking.

Age-related macular degeneration is an ailment that grows relatively slowly. It is possible that if you are suffering from early AMD, you would not even notice that, you losing any vision for a long time. That’s why it’s vital to get regular eye check-ups to find out if you have AMD.

Types and Stages of Age-Related Macular Degeneration

There are mainly two types of AMD dry and wet

Dry AMD - Most people suffering from AMD have dry AMD. This happens when the macula starts to deplete with age. Dry AMD happens in three stages: early, intermediate, and late. It usually progresses slowly over the period of several years. There’s no treatment for late dry AMD, but you can find ways to save your remaining vision. And if you are suffering from late dry AMD in only 1 eye, then you can take steps to guard your other eye.

Wet AMD - It is known as advanced neovascular AMD, this is not that common, and it grows at a faster pace in comparison to dry AMD. Dry AMD can turn into wet AMD. It occurs when abnormal blood vessels accumulate at the back the eye and harms the macula. But the only good thing about wet AMD is that the cure is available. 

Only a limited number of medications are licensed to cure this illness, habitually by anti-VEGFs. Such medicines require regular and uncomfortable intraocular injections, which improves the strain and source non-adherence to treatment. 

How Can you Lower the Risk for AMD?

You can lower the risk of AMD (or slow vision loss from AMD) by making these healthy choices: 

• Don’t smoke 

• Do regular physical exercise 

• Keep blood pressure and cholesterol levels in check

• Eat healthy foods, like leafy green vegetables and fish

What are the Symptoms of Macular Degeneration 

• Blur central vision., and it may be tough to read fine print or drive. Dark, blurry parts in the center of your eye vision.

• Sometimes not able to distinguish between different colors. 

Hence, as the population across the world is getting old and by 2040 around 22% of the world's population will be over 60 years. So, with the growing elderly population, AMD illness will also increase, contributing to the growth of the AMD industry. 

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How Do Government Initiatives Drive E-Rickshaw Batteries Sales in India?

Do you have ever experienced traveling on e-rickshaws? It is a convenient travel mode in metro cities to cover short distances. The nine to five workforces heavily rely on e-rickshaws to reach the metro stations at their nearby location. It is quite common to see people with office bags in the morning looking for e-rickshaws to reach metro stations, and from metro stations to reach offices. It goes the same during evenings they take e-rickshaws from nearby office locations to reach metro stations, and after their metro travel, they further take e-rickshaws to reach home.

Inexpensive Cost of E-Rickshaws

Instead of picking motor vehicles to cover such short distances, e-rickshaws are massively encouraged as a convenient travel facility. There are numerous benefits of this transport. It is extremely cheap as compared to auto-rickshaws, which can sufficiently accommodate two passengers. An e-rickshaw cost amount from Rs. 60 thousand to Rs. 1.1 lakhs, while an auto-rickshaw costs between Rs. 1.5 lakhs to Rs. 3 lakhs.

Employment Generation By E-Rickshaws

The e-rickshaws usually experience fewer maintenance issues, and hence save cost. Along, with this, the rising popularity of this travel service provides employment to a large number of people. The cycle-rickshaw drivers are massively shifting toward e-rickshaws due to higher convenience and rising preference for this travel service over cycle-rickshaws. The running cost of e-rickshaws for a distance of 2.1 to 2.3 km is only Rs. 0.4.

Environment Benefits of E-Rickshaws

The e-rickshaw pose numerous environmental benefits. It includes alleviating air and noise pollution caused by transport. Around 1,036.6 tonnes of carbon dioxide emissions can be eliminated by replacing CNG auto-rickshaws with e-rickshaws.

Government Initiatives Driving E-Rickshaw Sales

Moreover, the government initiatives encourage e-rickshaw traction. It includes National Electric Mobility Mission, 2013, FAME I and II, Pradhan Mantri Mudra Yojana, 2015, and National Urban Livelihood Mission 2013. Along with these initiatives, the electric vehicle policy of the state in the forms of loans, direct subsidies, and regulatory framework also supports the rising adoption of the e-rickshaws.

Increasing Sales of Electric Rickshaws Batteries 

In 2021, the sales of e-rickshaw batteries contributed $141.3 million in revenue and are expected to rise to $295.4 million by 2030, advancing T ~8.5% rate from 2021 to 2030. Most of the e-rickshaws sales go unregistered due to their rising popularity and unorganized manufacturing companies. Presently, the registered sales of e-rickshaws account for 15,00,000, with an additional sale of 11,000 new e-rickshaws every month.

The unorganized players sell around 10,000 e-rickshaws per month, while organized players monthly contribute to sales of 1,500 to 2,000 e-rickshaws. E-rickshaws run on electric charge provided by batteries, and hence increasing adoption of e-rickshaws lead to rising sales of electric rickshaw batteries.

Get More Details India Electric Rickshaw Battery Market Sales Analysis

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