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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

RF Transceiver Market Segmentation

Market Segmentation by Design

• Single Chip Transceiver
• Standalone Chip Transceiver

Market Segmentation by Type

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

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

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

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

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

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

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

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

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

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

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

Segmentation Analysis of U.S. Electric Bus Market

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

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

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

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

Global Electric Bus Market Research Report by P&S Intelligence 

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CNG and LPG Vehicle Market Growing due to Strict Emission Norms

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

APAC Networking Equipment Market Segmentation

Market Segmentation by Type

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

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