European Fully Autonomous Car Market Projected to Reach 4.0 Million Units in Near Future

In the European region, about 230 people each day and approximately 83,000 people every year die due to road accidents, according to the World Health Organization. While vehicles have made life immensely easy for everyone, road traffic, deaths, and serious injuries caused because of road accidents and crashes are the ugly side of road transportation. Road accidents can be mainly attributed to human error; drivers’ failure to pay attention, keeping unsafe distance from the vehicle moving in front, and inappropriate speed are just some errors which lead to road fatalities. Because of these reasons, there is a growing need for a safer and more-efficient driving option. Autonomous cars are expected to become the go-to option for people, who want to prioritize safe road transportation, in the coming years.

Such cars can be semi-autonomous or fully autonomous: semi-autonomous cars are not self-driving but may be able to deaccelerate, accelerate, or stop without human intervention, depending on their level of automation. A fully autonomous car, however, does not require a human to drive them safely, as these vehicles have software and sensors to navigate, control, and drive themselves. In the coming years, the European autonomous car market for fully autonomous models is predicted to reach 4.0 million units, advancing with a CAGR of 37.4%, as per P&S Intelligence. The demand for commercial autonomous cars is expected to be more than that for personal ones in the near future. This would be due to the rising deployment of fully autonomous cars for commercial purposes. The car ownership scenario is also changing in the European region because of the increasing availability of shared autonomous cars.

The use of autonomous cars as mobility-as-a-service (MaaS) is projected to result in their increasing demand. Risk factors, such as those related to car crashes (as mentioned above), are quite high in traditional car sharing services. Due to this, service providers are expected to focus on the autonomous technology, and large fleet operators are predicted to be among the early adopters of fully autonomous cars. Furthermore, since the operational cost of conventional cars is higher, ride sharing services on autonomous cars will be much more cost-effective for service providers. Because of all these advantages, different car manufacturers and technology companies are increasing their focus on the development of autonomous taxis or robo-taxis. Take for instance Navya, a French start-up, which launched its first autonomous taxi in 2018. Similarly, Waymo and Alphabet have joined forces in order to introduce robo-taxi services in Europe in the near future.  

The integration of artificial intelligence (AI) in the automotive industry has made possible the development of level 4 and 5 autonomous cars. The development of several technologies, such as virtual assistance, driver monitoring, natural language interface, gesture recognition, speech recognition, and eye tracking, has been due to the penetration of AI. In addition to this, AI has also helped in the development of the advanced driver-assistance system (ADAS), which includes driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units. Thus, because of the integration of AI, the demand for autonomous cars in the European region is predicted to increase significantly in the coming years.

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U.S. Coding and Marking Systems Market to Register 7.6% CAGR in Near Future

The automobile demand in the U.S. is rising due to the availability of easy credit, decrease in gas price, and growing rate of employment. For example, as per a report published in the Los Angeles Times, in 2016, 17.5 million vehicles were sold in the country, which was higher by 0.08 million units than the 2015 sales volume. The expanding automotive industry also makes extensive use of coding and marking systems for ensuring identification and creating protection against the threat of counterfeits, which is why the demand for these systems is predicted to rise significantly. Coding and marking systems basically provide product-related details, including price, manufacturing and expiry dates, and batch number, on the packaging to the end users. Components can be tracked and identified through the various phases of the production process with the help of these systems.

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As per a research conducted by P&S Intelligence, in 2017, the U.S. coding and marking systems market generated a revenue of $558.4 million and is expected to attain a value of $860.6 million, advancing at a 7.6% CAGR, in the coming years. Various technologies used by coding and marking systems are drop-on-demand, laser coding & marking, thermal transfer overprinting, print & apply labelers, continuous inkjet, and thermal inkjet. Other technologies include hot-melt inkjet and valve jet. Among all these, the largest demand was created for the continuous inkjet technology during the time period 2013–2017. Continuous inkjet printers are best for coding and marking flat and curved surfaces, such as packages, printing on bottles, automotive and aerospace components, and others. These printers have a low cost and are easy to operate, which is why they are used by almost all industries.

Several industries that make use of coding and marking systems are shifting from conventional printing to digital printing solutions. This is because, by utilizing digital printing solutions, such as continuous inkjet, millions of characters can be printed using just a liter if ink. In addition to this, where on one hand, traditional printing solutions generate more inventory waste and are time consuming, the ink utilized in digital solutions dries quickly, which makes the whole process efficient, quick, and cost-effective. Due to these advantages of digital printing solutions over conventional printing methods, manufacturers are increasingly focusing on the development and marketing of digital coding and marking solutions.

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Moreover, since the attention toward product anti-counterfeiting and traceability is growing, the requirement for coding and marking systems is also expected to increase as they have the ability to provide a new level of supply chain tracking and visibility. Through the use of smart coding, manufacturers can protect their brand and products in a better way and can further communicate the brand message in a more attractive manner. Moreover, the technology enables manufacturers to enforce and check anti-counterfeit and diversion activities throughout the supply chain. For instance, a permanent batch code on the product is printed by making use of smart coding, where the basic batch code is enhanced by altering specific characters in the code, thereby making it difficult for unauthorized parties to copy the code.

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Automotive 3D Printing Still has a Dominant Position in the Market, Says Report

The global automotive 3D printing market is expected to observe an extensive growth in the coming years, due to factors such as reduction in lead time in production, low operational cost, design flexibility, proficient use of raw materials, and ease of customization. In addition, continuous technological advancements, growing manufacturers’ focus on product quality, and growing demand for precision machined components are expected to benefit the market. Apart from this, availability of entry-level low-cost 3D printers is anticipated to have a positive impact on the market’s growth.

On the basis of component, the automotive 3D printing market is categorized into technologies, materials, and services. During the forecast period, the market is anticipated to witness the fastest growth in the category of technologies. The category is further classified into stereolithography (SLA), selective laser sintering (SLS), electron beam melting (EBM), fused deposition modeling (FDM), laminated object manufacturing (LOM), and others. Among these, SLA is anticipated to play major role in the growth of the market in the coming years as it has enhanced speed and techniques for designing and manufacturing objects, thereby reducing prototyping time and benefiting various industries significantly.

Additionally, materials category is further divided into metals, polymers, and others. Polymers are most extensively used 3D printing materials, mainly due to their strength and flexibility properties. However, the metals are anticipated to gain traction in the near future in the automotive 3D printing market, mainly because they can withstand high pressure and temperature.

Geographically, North America was the largest automotive 3D printing market, followed by Europe and Asia-Pacific, during the historical period. The penetration of 3D printing application is highest in North America mainly due to early adoption of technologies as compared to other regions. However, Asia-Pacific is expected to lead the market during the forecast period, owing to increasing investments by public and private establishments in the region. Also, countries such as China and India are expected to invest heavily to commercialize several technologies in the automotive sector. Additionally, expiration of key patents related to 3D printing processes has impelled manufacturers and start-ups to enter the market in the region. Apart from these, decline in prices of 3D printers would also boost the demand for 3D printing.

Increasing need to manufacture complex design in the automotive sector within short span of time, coupled with increasing demand for precise machined components and high product quality is the primary factor driving the automotive 3D printing market. 3D printing process has a number of advantages over traditional manufacturing process such as shorter value chain, time and cost reduction through elimination of assembly steps, greater customization and design freedom, and minimal wastage. Additionally, at the initial stage of production, the usage of 3D printing is beneficial, as designers can early identify errors or defects from initial prototype; thus, eventually reduces overall production lead time and operational cost.

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The global automotive 3D printing market is concentrated with few major players. One of the main key players in the market is 3D Systems Corporation. The company provides 3D printing solutions with several features, including transformation workflows, design optimization, and innovation in product application. Other leading vendors in the industry are Stratasys Ltd., Autodesk In.c, Arcam AB, EnvisionTEC Inc., Höganäs AB, Optomec Inc., Ponoko Limited, Stratasys Ltd., The ExOne Company, and Voxeljet AG.

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Why are Construction Firms Turning to Polymer Concrete?

As of 2017, 189 strategic infrastructure projects in Germany were in the development phase with a total investment of $129.6 billion. Similarly, in 2014, under the ‘Make in India’ initiative, an investment of $650.0 billion was estimated for urban infrastructure development in the country for the next 20 years. Governments of the world are increasing their investments in civil construction projects, such as buildings, water reservoirs, bridges, tunnels, roads, sewer systems, railways, and airports, as the construction industry helps in creating jobs and channelizing investments. Due to the growth that the construction industry is experiencing, the use of polymer concrete is also increasing.

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Polymer concrete is a composite material which hardens into place using an epoxy binder. Various kinds of polymer resins, such as polyester, vinyl ester, and epoxy, can be used to make the materials as they allow the concrete to be poured or troweled and then hardened. Polymer concrete has many advantages over traditional concrete, including high resistance to chemical attack, abrasion, freezing, thawing, and impact and high compressive strength. Due to these reasons, the polymer concrete market is expected to grow at a CAGR of 7.1% and reach a value of $2,964.0 million in the coming years. The increasing repair and maintenance activities are one of the primary reasons behind the growing demand for the substance.

In February 2018, the President of the U.S. rolled out a plan to repair and rebuild the nation’s infrastructure, including highways, seaports, bridges, airports, and railroads, with an investment of $2.0 trillion. Similarly, out of the 600,000 bridges in the U.S. almost 40.0% were more than 50 years old and 9.1% were structurally deficient in 2016. Due to these reasons, North America accounted for more than 20.0% of the worldwide revenue for companies manufacturing the substance in 2017. The material ensures that the repairing process doesn’t take much time. For example, rapid patch polymer concrete makes sure that emergency repairs of airport runways are done quickly so that not much disruption is caused to airport operations. In addition, polymer manufacturers in the region are also trying to enhance the properties of their products, such as chemical resistance, ease of installation, and toughness, which is resulting in a surging demand for polyester concrete for infrastructure and construction industries.

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The various types of polymer concrete available are polyester, vinyl ester, and epoxy. Polyester resin is used as a binding agent instead of cement in polyester concrete, which provides flexural strength to the concrete. Vinyl ester polymer concrete is used for the chemical-resistant construction of containment areas, dikes, and sumps. In addition to having superior chemical resistance, this type of polymer concrete has low porosity, fast chemical set and less down time, and a maximum service temperature of 220-degree F. Up till now, the polymer concrete market for epoxy-based products has been the largest in terms of consumption because of their high physical strength and good bonding ability with metal surfaces and concrete. Applications which encounter high impact, chemical exposure, and heavy loads use this polymer concrete as it has superior mechanical and durable properties.

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Medical Lasers Market Studied in Detail by Focusing on Product Type, Test Type, Application, And Competitive Landscape with Top Companies

The number of surgical procedures has been on a rise due to the growing prevalence of chronic diseases. As per the data provided by the Word Bank 30,537 surgeries were performed per 100,000 people in the U.S., in 2012.

Similarly, in 2015, the number of surgeries performed in Australia was 28,907 per 100,000 residents. Since surgical procedures are critical in nature and can be fatal if not performed with utmost care, the surgeons need to be trained properly. Attributing to this, the demand for surgical simulation products and services is increasing rapidly, as they can help prevent and reduce medical errors during surgeries.

Surgical simulation involves the utilization of mechanical or electronic surgical simulators in order to represent the test conditions which resemble practical medical situations. These simulation procedures are performed for providing procedural, technical, and operational skills to medical residents and practitioners. According to a research conducted by P&S Intelligence, the global surgical simulation market generated a revenue of $254.7 million in 2017 and is projected to grow at a 15.7% CAGR in the coming years. Surgical simulation solutions include both products and services. Out of these, the larger demand during 2013–2017 was created for products and the situation is going to be the same in the near future.   

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A key trend in the surgical simulation market is the adoption of augmented reality (AR) and virtual reality (VR) technologies in surgical simulation for enhancing the efficiency of medical trainees. The companies providing surgical simulation solutions are increasingly focusing on incorporating AR and VR technologies in their offerings in order to provide high-fidelity simulation environment to the residents. For example, in December 2017, ArthroS Ankle, a VR simulator for ankle arthroscopy, was launched by VirtaMed AG; the various features of the product include authentic haptic feedback through life-like anatomic ankle model, customizable course structure for proficiency-based learning, adapted original tools, and realistic VR graphics.

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E-Cigarette Market is Anticipated to Attain a Size of $41.7 Billion by 2024, Progressing at a CAGR of 21.6%

E-cigarettes, short for electronic cigarettes, are providing smokers a safer alternative to tobacco-based products. Because the health hazards of such devices are relatively low compared to traditional ones, the global e-cigarette market is expected to grow by leaps and bounds in the coming years.

It is being estimated that the market size in 2023 will be more than thrice of what it was in 2017. Cig-a-likes, vaporizers, and vape mods are the various types of products on offer that are primarily sold through vape shops, supermarkets, online platforms, and tobacconists.

Rising awareness about the dangers of traditional smoking is the primary factor driving the growth of e-cigarette market . Electronic cigarettes are claimed to eliminate the risk of cancer, thus resulting in an increased demand among consumers.

Another factor responsible for drawing the attention of customers to e-cigarettes is the reduced production of ash, vapor, and buds. The mist created by these disappears instantly, reducing associated side-effects, while no need is felt to dump the buds and sprinkle the ash. Since traditional cigarettes are banned in public places in many countries because of the ash and smoke they produce, the electronic alternatives are being accepted with open arms.

Talking of the 2013–2017 e-cigarette market scenario, North America led the global market in terms of revenue generation, while Asia-Pacific (APAC) witnessed the fastest growth. The CAGR of the APAC region during 2018–2023 is again expected to be the highest.

Additionally, with market players increasingly focusing on bringing new and improved products and merging with or acquiring similar or related firms, the market is expected to develop further. For instance, Japan Tobacco Inc. entered the Ethiopian market in 2017 after acquiring a stake in National Tobacco Enterprise (Ethiopia) S.C., while British American Tobacco plc launched a tobacco-heating product, glo, which, despite tasting similar to tobacco, produces a lot less toxicants, vapor and smell.

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Hence, with rising awareness about the health risks of smoking, more people wanting to quit, increasing government restrictions on traditional forms of smoking, advancements in technology, and social acceptability of electronic alternatives, e-cigarettes are expected to witness a high demand, especially in developing countries.

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Automotive Refinish Coatings Market Overview, with Recent Technologies, Applications, Growth, Insights and Status

The growth in the automotive refinish coatings market is being driven by increasing recreational vehicle sales and rising disposable income. A revenue of $8,244.3 million was generated by the market in 2017, and it is projected to grow at a 5.1% CAGR during the forecast period (2017–2023). Automotive refinish coatings are applied on the body of a vehicle to restore its aesthetics. These refurnish coatings can be applied to the vehicles in various environments in contrast to paints and coatings that are applied in automotive factories.

The automotive refinish coatings market is being driven by the increasing average age of vehicles. Vehicles that were manufactured during the 2000s had a low average lifespan. Owing to technological advancements, vehicles being manufactured in present times have an increased average lifespan. For example, the average age of vehicles in the U.K. increased to 7.8 years in 2015 from 6.8 years in 2003. The demand for refinish coatings is rising, as with the increasing average age, vehicles become prone to environmental damage in the form of corrosion.

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Another contributing factor in the automotive refinish coatings market progress is the rise in the number of vehicle collisions. An increase in the vehicle collision rate has been observed due to the increasing number of vehicles on the road, which ultimately leads to congestion. In 2015, 48,923 vehicle crashes were reported in the U.S., which was 8.8% higher than the previous year. The demand for automotive refinish coatings is increasing with the growing vehicle collision incidence, as these necessitate damage repairs and refurbishing.

The growing popularity of recreational vehicles (RV), especially in the developed countries in Europe and the North America, is adding to the growth of the automotive refinish coatings market. RVs are vehicles modified to include a living space and basic home amenities. Different vehicles, such as school buses, trailers, vans, and even trucks, are used for this purpose. The Recreation Vehicle Industry Association mentioned that the sales of these vehicles have seen an exponential increase in the past 8 years. As they are mostly customized as per the customer’s liking, the demand for automotive refinish coatings is increasing.

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The segments of the automotive refinish coatings market are vehicle age, product type, auto type, resin type, and technology. The auto type segment is subdivided into commercial vehicles, cars, two-wheelers, and others. in 2017, the cars category dominated the market in terms of revenue generation by holding a share of 70.1%. This can be attributed to the rise in accidental insurance claims. The second-largest category was commercial vehicles, owing to the increasing popularity of RVs in developed nations.

Based on technology, the automotive refinish coatings market categories are UV-cured, water-borne, and solvent-borne coatings. The solvent-borne category accounted for close to 60.0% share in terms of volume in 2017, as these are more cost-effective than other technologies. Owing to the demand for eco-friendly technologies in order to comply with low volatile organic compound emission regulations, the water-borne category is expected to be the fastest growing during the forecast period.Therefore, the market for automotive refinish coatings is slated to advance during the forecast period owing to the growing number of vehicles on the road and resulting accidents.

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