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

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

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

To receive a free sample copy of Electric Bike and Scooter Market report

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

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

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

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

Read More

Expanding Helicopter Business in Globally- Business Outlook

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

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

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

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

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

Request Sample on Helicopter Business Report

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

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

Read More

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

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

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

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

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

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

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

India Electric Rickshaw Market Segmentation
By Vehicle

• Passenger Carrier
• Load Carrier

By Motor Power

• <1,000 W
• 1,000–1,500 W
• >1,500 W

By Battery Capacity

• <101 Ah
• >101 Ah

By State

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

Read More

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

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

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

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

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

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

Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/multiscreen-tv-video-market/report-sample

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

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

Read More

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.

To Learn More About this Report at: http://bit.ly/2qAEfOd

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.

Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=healthcare-cognitive-computing-market

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.

Read More

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.

Curious? Need more details? The request a sample of the “Aerospace Titanium Blisk Market".

Read More

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.

Request Sample Copy of Report ::  https://www.psmarketresearch.com/market-analysis/rf-transceiver-market/report-sample

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

Read More