How is Increasing Number of Healthcare Institutions Driving Hospital Lighting System Market?

The number of healthcare institutions around the world is growing rapidly because of the growing geriatric population, rising prevalence of chronic diseases, and surging patient base. As per the American Hospital Association, in 2016, the number of hospitals in the U.S. was approximately 15,908.

In addition to this, to provide better facilities to patients, the demand for technologically advanced facilities is increasing. Healthcare service providers are focusing on modifying the hospital environment for minimizing stress of visitors, improving conditions for both patients and staff, and reducing errors.

One way of improving the hospital environment is using efficient lighting systems due to which the requirement for hospital lighting systems is on the rise. According to a report by P&S Intelligence, the global hospital lighting system market generated a revenue of $5,328.1 million in 2017 and is further projected to grow at a CAGR of 6.4% in the coming years.

Several applications of hospital lighting system include examination rooms, operating rooms, clean rooms, entrance, carparks, waiting rooms & common rooms, diagnostic & imaging rooms, corridors & staircases, and patient rooms/ward rooms. Among all these applications, the largest demand for hospital lighting systems was created for patient rooms/ward rooms, as proper installation of lighting systems has a positive effect on the health of the patient by restoring the body’s circadian rhythm.

At the present time, the energy consumption in hospitals is on the rise. However, in order to take care of this situation, the government initiatives to improve energy efficiency in hospitals are increasing as well.

Global Hospital Lighting System Market Segmentation

By Product

• Surface Mounted
• Recessed
• Wall Mounted
• Hanging
• Others (Emergency Lights, Exit Lights, and Step Lights)

By Technology

• Light Emitting Diode (LED)
• Induction
• Fluorescent
• Incandescent

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Growing Trend for Car Security Systems in Market

The increase in vehicle sales, customer’s preference for sophisticated and reliable vehicle security systems and government regulations are the major growth drivers for the global car security systems market. The growing consumer awareness about sophisticated vehicle security features, and vehicle security regulations are the other factors driving the growth of the global market. Owing to the worldwide increase in the production and sales of cars, the global car security systems market is anticipated to witness extraordinary growth during the forecast period. The increasing demand for engine start security and keyless access systems, and growing use of smart mobile applications in vehicle security systems are some of the opportunities, which are expected to give a major boost to the growth of the global market for car security systems in the future.

Car security systems are the systems used to protect the vehicle and prevent the car from getting stolen. Due to the highest population in developing countries, such as China and India, the car sales are also increasing, which is also driving the growth of the global car security systems market.  Western Europe is anticipated to be the second largest market and is likely to show strong potential for car security system in the near future. Car security system has become mandatory for newly produced cars in some of the Western European countries, such as the U.K. and Finland. The German market of car security systems is driven by the compulsory integration of security systems, such as alarms, immobilizers, and remote keyless entry in the cars. North America is poised to show strong growth opportunities for the car security system market, especially in the United States. According to federal bureau of investigation (FBI), in 2013, 699,594 motor vehicles were reported to be stolen in the U.S.  The growing vehicle thefts is a major factor, driving the growth of the global vehicle security systems market.

However, high cost of car security systems and failure of vehicle security systems are some of the factors restraining the growth of the market. The different types of anti-theft security systems are used by vehicle manufacturers; for example, General Motors have a system called content theft deterrent (CTD) system, which starts an alarm if the doors are opened without the key. However, the system does not prevent a thief from driving the car away. As compared to aftermarket anti-theft systems, the factory installed security systems are more reliable and have less probability to misbehave. Another concern with some of the aftermarket anti-theft systems is the durability of the Chinese electronics used in the anti-theft module. The aftermarket systems are mostly equipped with recycled chips or other components of poor quality, which fail in an year or two, while the system starts to cause problems. 

Mitsubishi Electric Corporation, Robert Bosch GmbH, HELLA KGaA Hueck & Co., Lear Corporation, Tokai Rika Co. Ltd., ALPS ELECTRIC CO. LTD., Delphi Automotive LLP are some of the competitors in the global car security systems market.

Market Segmentation:
By Type

• Alarm
• Immobilizer
• Remote Keyless Entry (RKE)
• Central Locking System

By Technology

• Global Positioning System (GPS)
• Face Detection System(FDS)
• Real Time Location System (RTLS)
• Global System for Mobile Communication (GSM)
• Radio Frequency Identification (RFID)
• Others

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Optical Metrology Effectively Tackling the Riddle of Precise Measurements

The global optical metrology market is being driven by the increasing requirement for precise measurements and product assessments in the semiconductor, oil and gas, and manufacturing sectors. Generating revenue of $1,989.2 million in 2017 according to a P&S Intelligence study, the domain is expected to advance with a CAGR of 6.5% during the forecast period 2018–2023.

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

Coming to the global scenario, North America led the domain in the historical period 2013–2017 in terms of revenue generation, accounting for more than 30.0% market share. It is a universally accepted truth that technology helps make life easier, but on the downside, it makes machines and associated components complicated. As conventional measurement techniques have proved ineffective due to the rising complexities in machines, firms have sought an answer to the riddle of exact measurements and assessments.

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Owing to the growing automotive, aerospace, and defense industries, particularly in the U.S., the adoption rate of this technology for precise measurements grew. However, the future revenue and sales CAGRs of the optical metrology market are expected be the highest in Asia-Pacific, owing to the rapidly expanding automotive industries in China and India.

Thus, it is clear that, as machines and tools keep becoming more complex, optical metrology will be used even more in the coming years.

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Asia Low-Speed Electric Vehicle Market Players, Competition, Situation & Trends Research Report

Stringent government regulations on emissions coupled with the rising demand for cleaner air is driving the growth of the Asia low-speed electric vehicle market. An electric vehicle is the one that utilizes an electric motor for propulsion instead of an internal combustion engine, hence producing no carbon emission. The ‘low-speed’ aspect here concerns the vehicle speed, which ranges between 25 kmph and 50 kmph. On the basis of product, the market can be categorized as two-wheeler, three-wheeler, and four-wheeler. As per a P&S Intelligence study, by 2025, the market for these vehicles will reach 71.8 million units in terms of sales.

In 2017, two-wheelers registered the highest sales in terms of volume (over 75.0%), primarily owing to urbanization in the region and cost-effectiveness of the models. As urbanization increased, more people required modes for short-distance commute, and since electric two-wheelers were easily affordable, these were bought heavily. The reason for their low cost was the rise in use of lithium ion (Li-ion) battery, which is smaller and cheaper than the sealed lead acid (SLA) battery. Preference for li-ion batteries also increased on account of the harmful effects associated with the improper disposal of SLA variants.

Of all two-wheelers, scooters led the low-speed electric vehicle market in Asia-Pacific (APAC) during the historical period in terms of sales and revenue. Their popularity can be attributed to their cost-effectiveness compared to electric bikes, in addition to features such as top speed up to 50 kmph and high comfort level during long-distance journeys. Taking note of these two developments, market players are coming up with improved Li-ion battery-powered electric scooters.

For instance, in 2018, Hero Electric Vehicles Pvt. Ltd. unveiled its Speed NYX e5 electric scooter, which has a top speed of 40 kmph and can run up to 60 km after a full charge. Two-wheelers are predicted to be the most popular product type in the Asia-Pacific (APAC) low-speed electrical vehicle (LSEV) market during the forecast period 2018–2025 as well, three-wheelers will follow. This is substantiated by the fact that the sales of three-wheelers in APAC have increased steadily during the historical period. Favorable government policies toward electrification of public transport systems greatly helped in this regard.

A citable example would be India, where the government, under its FAME-India electric mobility scheme, is encouraging the adoption of electric vehicles by offering subsidies. Since three-wheelers are an essential mode of daily commute in countries, including India and China, these policies and resulting sales of such products are expected to advance the Asia-Pacific (APAC) low-speed electric vehicle market. Manufacturers are increasing their production capacities to meet the growing demand within these countries.

Talking of the overall future sales CAGR, that of four-wheelers is expected to be the highest during the forecast period. Due to rising congestion on city streets, a need is being felt for cars that are compact, freeing up more road space, as well as easily maneuverable. This is where micro cars come in, which, coupled with government focus on reducing emissions, are leading to the development of battery-operated four-wheelers. Though the low-speed EV market in Asia-Pacific (APAC) for micro cars is still small, development of advanced batteries, which can be charged quickly, is expected to aid in its progress.

Therefore, it becomes clear that growing pollution levels will result in increased LSEV sales in APAC.

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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.

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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.

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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.

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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.

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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

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