Autonomous Car Still has a Dominant Position in the North American Market, Says Report

The North American autonomous car market is predicted to generate a revenue of $52.3 billion in 2030, witnessing a 17.1% CAGR during 2023–2030. The market is growing due to the increasing research & development activities for the development of autonomous cars, federal and state-level support ensuring growth of autonomous cars, requirement for a safe and efficient driving option, and evolution in connected and electric car technologies. Autonomous cars have different automation capabilities according to their levels, which range from 1–5.

In terms of vehicle autonomy, the North American autonomous car market is bifurcated into semi-autonomous and fully autonomous cars. Between these, the semi-autonomous cars are predicted to account for the major value share of the market during the forecast period (2019–2030). These cars are further categorized into three levels, namely level 1, level 2, and level 3, based on their automation capabilities. Among these, the level 1 semi-autonomous cars are expected to hold the largest value share of the market during the forecast period.

Autonomous Car Business in North America

When vehicle type is taken into consideration, the North American autonomous car market is divided into internal combustion engine (ICE), battery electric vehicle (BEV), hybrid electric vehicle (HEV). Among these, the market was dominated by the ICE division during the historical period, with a share of more than 85.0% in 2018, in terms of volume. The BEV division is predicted to witness the fastest growth during the forecast period because of the increasing support from governments in the form of grants and incentives and strict emission regulations.

A key driving factor of the North American autonomous car market is the evolution of electric and connected car technologies. Connected cars are integrated with different features, which are not available in traditional passenger cars, such as road side assistance, real-time traffic monitoring, smartphone connectivity with the vehicle, and traffic and collision warnings. In addition to this, connected cars offer vehicle-to-infrastructure and vehicle-to-vehicle interfaces and sensor applications. The digitization in connected cars is thus driving the growth of the market. Furthermore, it is comparatively easier to integrate autonomous technology in connected cars than traditional cars.
Another factor resulting in the growth of the North American autonomous car market is the need for a safe and efficient driving option. Various factors, including inappropriate speed, failure to pay attention, and keeping an unsafe distance from the vehicle in front, are responsible for the surging number of road crashes, which is why the demand for safer driving technology is increasing.

Autonomous and semi-autonomous cars are integrated with different features that assist the driver, thereby making it safer for the passengers, due to which the adoption of these cars is increasing.
A major trend being observed in the North American Autonomous car market is the integration of artificial intelligence (AI) in autonomous cars, especially level 4 and 5. Due to the integration of this technology, the development of driver monitoring, speech recognition, gesture recognition, eye tracking, virtual assistance, and natural language interfaces ahs been enabled. In addition to this, AI has helped in the development of the advanced driver assistance system (ADAS) that includes driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/north-america-autonomous-car-market/report-sample

Hence, the market is growing due to the evolution of connected and electric car technologies and need for an efficient and safe driving option.

Read More

How is Rising Chronic Disease Prevalence Contributing in Wound Dressing Market Growth?

With the changing environment and lifestyle, the prevalence of various life-threatening diseases is increasing, thereby driving the volume of surgeries for improving the quality of life. Further, the growing geriatric population is another major factor that results in the high number of surgeries and occurrence of various ailments, as the aged are susceptible to many diseases due to their weakened immune system. The United Nations Department of Economic and Social Affairs presented a report on World Population Aging that stated that the population aged 60 years and above would reach 2.1 billion by 2050 from 962 million in 2017. The elderly require surgeries for various conditions, such as neurological disorders, cancer, and cardiovascular diseases, which puts them at risk of developing various infections, as wound healing is slowed down in them due to impaired blood circulation and reduced collagen deposition.

A study published by P&S Intelligence reported that the wound dressing market would grow at a 7.2% CAGR in the coming years, generating a revenue of $17.3 billion, compared to $11.4 billion in 2017. Wound dressings are means of enhancing the wound healing process by absorbing the exudates, allowing gaseous exchange, providing thermal insulation, and preventing the spread of infections. Wound dressings are used for treating chronic wounds, surgical wounds, and ulcers. Wound dressings are primarily of two types — traditional and advanced. Advanced wound dressings were used more than the traditional ones due to the rising popularity of many enhanced products, such as hydrocolloids, foams, alginates, films, hydrofiber, collagen, wound contact layers, hydrogels, and superabsorbent wound dressings.

To Learn more About this report@ http://bit.ly/38H5XK3

Approximately 117 million people in the U.S. suffered from one or more chronic health conditions in 2012, reported the Centers for Disease Control and Prevention. This increase was primarily seen in the prevalence of lifestyle diseases, such as stroke, cancer, respiratory diseases, heart diseases, and even diabetes. These conditions, as they worsen over time, lead to severe complications, with surgeries being the only plausible treatment option. Diabetes leads to the occurrence of many health issues, such as diabetic foot ulcers. These ulcers, if not managed timely, may even lead to amputations and may require management by surgeries to prevent the maceration of the surrounding tissue by using appropriate products, including foams, hydrocolloids, and alginates. Postoperative care comprises wound dressing as an essential component; therefore, the growing prevalence of such diseases and volume of surgeries to treat them would aid in the advance of the wound dressing market.

Though the demand for wound dressing is expected to witness a massive across the world, the most rapid surge would be seen in Asia-Pacific (APAC). The International Diabetes Federation (IDF) estimated that about 142.7 million cases of diabetes would be reported in China by 2035. Additionally, a  Global Status Report on Road Safety mentioned that 207,551 and 261,367 fatalities were reported in India and China, respectively in 2015. In the light of these numbers, it is easy to infer why the demand for wound dressing products is expected to be the highest in the Asia-Pacific region. Other than the factors listed above, this high demand can also be attributed to the rising geriatric population, incidents of burn cases, and number of accidents in the region.

Read more: https://www.psmarketresearch.com/market-analysis/wound-dressings-market

Read More

Connected Car Technology is Changing the Auto Sector Globally

The automotive industry has been able to make new breakthroughs due to the penetration of internet of things (IoT)-based technologies. One of the major developments that have taken place because of the utilization of IoT is the emergence of innovative connectivity solutions that are used in connected cars. A connected car is equipped with internet access and possesses the ability to optimize its own operations on fixed intervals. Because of network connectivity, the car is able to share content with various devices which are lying within and outside the vehicle’s environment. IoT services have become a significant part of the connected car industry due to its swift incorporation and commercialization. The technology covers a wide range of infotainment services and advanced connected solutions for drivers. Furthermore, research and development activities, along with the design and manufacturing of connected and smart automotive hardware, are predicted to enhance the connected car technology.

As per a study conducted by P&S Intelligence, in 2017, the connected car market generated a revenue of $51,910.9 million and is expected to attain $156,145.9 million, registering a 20.7% CAGR, in the coming years. Various products & services provided by connected cars are sensors, processors, wireless & cellular modules, original equipment manufacturer (OEM) services, fleet manager, and aftermarket services. Out of these, the largest growth in demand in the near future is expected to be witnessed by the wireless & cellular modules category. This is because of the rising requirement for improved vehicle tracking and road safety, growing government regulations for improving overall vehicle efficiency, better operational efficiency in vehicles, increasing usage of IoT-based services in the vehicles, and enhanced vehicle management. 

Get a Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/connected-car-market/report-sample

Urbanization has led to the increased use of personal and commercial vehicles, which, in turn, has led to the rise in number of vehicles on the roads, especially in the emerging economies, such as Indonesia, China, and India. While it has become incredibly easy to own a car at the present time, several problems such as road blocks, scarcity of parking space, and traffic jams have also risen. Due to this, consumers are now looking for enhanced driving experience, which can be provided with advanced connected solutions, such as vehicle-to-infrastructure and vehicle-to-vehicle. Apart from this, the concern regarding safety and security is growing among the OEMs, consumers, and governments. This is further driving the demand for connected cars as they are enabled with technologies such as automatic braking, lane assist, and advanced driver-assistance system. These technologies can be of great help when it comes to decreasing traffic rule violation and reducing the prevalence of road accidents.

The applications of a connected car are telematics, navigation, and infotainment. Telematics is a device that combines informatics and telecommunication, which provides the driver with benefits such as roadside assistance and remote unlocking and locking of vehicle. A navigation system is capable of relaying directions to any desired location. Infotainment is a system which delivers entertainment and information contents.

The system comprises software and hardware products that are installed into the automobile later for improving the experience of the passenger or the driver. Among these, the largest demand during the time period 2013–2017 was created for the application of navigation.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=connected-car-market

Connected car market competitive landscape

Some of the major players operating in the global connected car market are Continental AG, Delphi Technologies PLC, DENSO Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Harman International Industries Inc., Valeo SA, and Autoliv Inc.

Read More

India Electric Rickshaw (Three-Wheeler) Market Players, Competition, Situation & Trends Research Report

From 384.0 thousand units in 2018, the Indian electric rickshaw market is predicted to grow to the production capacity of 935.5 thousand units by 2024, exhibiting a 15.9% CAGR during the forecast period (2019–2024).  The factors positively influencing the growth of the market are the declining prices of the battery and increase in supportive measures by the government, in terms of environmental policies and monetary incentives. Electric rickshaws are majorly used as load and passenger carriers.

Based on motor power, the Indian electric rickshaw market is classified into <1,000 W, 1,000–1,500 W, and >1,500 W. In 2018, with over 50.0% of revenue share, the 1,000–1,500 W classification was the largest in the market. This was attributed to the ideal cost–benefit ratio offered by vehicles fitted with batteries of this power range. The classification of >1,500 W is predicted to register the fastest growth in the forecast period, as the demand for high-speed rickshaws would continue to rise in the nation.

The Indian electric rickshaw market is categorized into Tripura, Assam, Jharkhand, Punjab, Uttarakhand, Chhattisgarh, Haryana, Bihar, Rajasthan, West Bengal, Delhi, Uttar Pradesh, and Madhya Pradesh, based on state. During the historical period (2014–2018), the largest market for these rickshaws was in Delhi. Amidst increasing air pollution, the Delhi government announced a subsidy of INR 30,000 on electric rickshaws, which helped boost their sales. However, in the forecast period, the state of Uttar Pradesh is predicted to be the largest market due to their rising demand from Tier-1,2 cities.

The Indian electric rickshaw market is observing the trend of the inclusion of solar-operated electric rickshaws. An electric rickshaw normally makes use of a nominal battery, which stores electricity from conventional outlets. A solar-powered electric rickshaw is capable of charging itself on-the-go, as it is fitted with the photovoltaic technology for collecting solar energy and converting it into electric energy to power the rickshaw. The solar-powered variants are thought to be more efficient than normal electric vehicles, and the solar panel increases the vehicle lifecycle by 10 years.

The Indian electric rickshaw market is witnessing growth due to the implementation of stringent environment-related policies to take care of the rising air pollution. One of the major causes of air pollution is the emissions from vehicles; the Indian government is taking active measures to popularize electric vehicles among people. Electric vehicles are expensive than their conventional-fuel counterparts, therefore, many subsidies and incentives are being provided to vehicle manufacturers and buyers. Based on the product model and the original equipment manufacturer, subsidies in the range of INR 25,000 and INR 61,000 are being provided under the FAME scheme.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-market/report-sample

The reduction in the prices of automobile batteries may boost the Indian electric rickshaw market. Due to their low cost, majority of the electric rickshaws in the country use sealed lead acid (SLA) batteries. Even though they seem a better choice at first, SLA batteries pose a serious threat to human health and the environment, if they are not disposed of properly. Therefore, the manufacturers are focusing on using lithium-ion batteries as an alternative to the SLA ones, as the former are safer and provide longer charge to vehicles.

Hence, the market for electric auto rickshaws in India would continue growing in the forecast period due to the rising requirement for environment-friendly transport.

Read More

1,3-Butylene Glycol Market to Provide Investment Opportunities of $178.5 Billion by 2024

The 1,3-butylene market growth in APAC is expected to be the most significant across the world during 2018–2024. This would be because of the growing demand for the chemical in the developing countries of the region. Though the healthcare expenditure here is quite low compared to Europe and North America, the large population bodes well for the healthcare and pharmaceutical industries. Additionally, China, South Korea, and Japan are among the largest markets for cosmetics across the world, which has a direct positive impact on the demand for 1,3-BG.

The population continues to grow rapidly across world, primarily in developing countries, such as India and China. More people mean more mouths to feed, which continues to drive the food and beverages sector. The rising population also translates into more individuals who need medical treatment, due to the rising prevalence of several diseases. Along with the number of people, their disposable income is also growing, which is giving them a higher spending power. They are now able to afford products and services, which earlier were a luxury, such as cosmetics. Now, there are certain raw materials that go into food, pharmaceutical, and cosmetic products, such as 1,3-butylene glycol or 1,3-BG.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/1-3-bg-market/report-sample

Owing to the growth of the above-mentioned end-use industries, the 1,3-butylene glycol market reached $127.8 million in 2017, and it is expected to further grow to $178.5 million by 2024. An organic compound, specifically an alcohol, 1,3-BG is produced using a combination of the aldol condensation and catalytic hydrogenation methods. The first method is used to convert acetaldehyde to acetaldol, whereas in the second process, the acetaldol is reacted with hydrogen in the presence of a catalyst. Pharmaceutical and industrial are the two grades, in which 1,3-BG is available. During 2013–2017, the pharmaceutical-grade product was more widely sold.

It is used as an intermediate during the production of personal care, cosmetic, food, and pharmaceutical products, owing to its better anti-bacterial action than similar compounds, including propylene glycol, glycerol, and sorbitol. In cosmetics and drugs, the compound is used for retaining moisture, preventing crystallization, and imparting fragrance. Additionally, it also helps maintain the end products’ viscosity and skin condition ability. Depending on its actual purpose, the amount of 1,3-BG used in cosmetics varies, with a higher amount required for inhibiting the growth of fungi than bacteria.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=1-3-bg-market

Earlier concentrated in Europe and North America, the pharmaceutical industry is expanding in Asia-Pacific (APAC), primarily owing to the improvements in the healthcare infrastructure and boom in the population in India and China. Additionally, with the rising disposable income across the world, the sale of cosmetic, skincare, and haircare products is also increasing. During their production, 1,3-BG lowers the requirement for preservatives with its excellent distribution coefficient, which maximizes the effectiveness of the preservatives used.

The leading manufacturers of cosmetics, such as Avon Products Inc., L’Oreal Group, Oriflame Cosmetics, and The Estée Lauder Companies Inc., are developing enhanced products, thereby driving the demand for the compound. These companies are prospering owing to the rising awareness about skin and haircare, which is driving cosmetics’ sales. Additionally, people are also becoming aware about the ingredients used in hair products, bath products, personal cleanliness products, facial makeup, skincare products, and shaving products, and how those ingredients are being manufactured. Therefore, companies that manufacture 1,3-BG via environment-friendly methods stand to benefit from this heightened awareness.

Hence, with the further increase in population and disposable income, the demand for food, beverages, drugs, and cosmetics would also grow, which would lead to a rise in 1,3-BG consumption.

Read More

Indian EVSE Market Will Generate Massive Revenue in Future

In 2019, the Indian electric vehicle supply equipment (EVSE) market generated a revenue of $1,027.9 thousand and is expected to attain a value of $13,833.0 thousand in 2025, registering a 54.2% CAGR during the forecast period (2019–2025). On the basis of type, the AC chargers accounted for the major share of the market in 2019. During the forecast period, the DC chargers are predicted to grow at the faster pace, as the government is making extensive plans for installing fast-charging stations in tier-1 cities and along the expressways and highways.

The private chargers category dominated the Indian EVSE market in 2019, due to the early adoption of these chargers in the country, higher requirement among customers for overnight charging at homes and commercial places, and low cost. The supportive government policies and initiatives is a major driving factor of the market. For example, the Faster Adoption and Manufacturing of (Hybrid & Electric) Vehicles in India (FAME) scheme was launched in India in March 2015 and was later revised in 2019 for promoting hybrid and battery electric vehicles.

Indian EVSE Market 

The increasing investments from different start-up companies, EV manufacturers, solution providers, and EVSE manufacturers is a key trend in the Indian EVSE market. For instance, in August 2019, an India-based start-up company, EV Motors India Pvt. Ltd. announced that it is aiming to install more than 6,500 charging outlets for EVs, in collaboration with ABB India Ltd. and Delta Electronics Inc., with an investment of approximately $0.2 billion (INR 14 billion). Moreover, Tata Power Co. Ltd. announced in August 2019 that it will invest $1–1.5 billion to install 500 EV charging stations across the country by 2020.

When geography is taken into consideration, the western region is predicted to dominate the Indian electric vehicle supply equipment (EVSE) market in 2019. This is ascribed to the presence of key EV and EV component manufacturers and state government support for EV adoption, primarily in Maharashtra and Gujarat. Furthermore, the high per capita income is also a key factor for the growth of this region. During the forecast period, the northern region is expected to witness the fastest growth because of the increasing government concerns regarding the poor air quality.

The Indian EVSE market is currently consolidated in nature and the key players operating in the market are ABB Ltd., Schneider Electric SE, Delta Electronics Inc., Magenta Power Pvt. Ltd., Tata Power Co. Ltd., Exicom Tele-Systems Ltd., Ather Energy Pvt. Ltd., Bharat Heavy Electricals Ltd., ANI Technologies Pvt. Ltd. (Ola), and EV Motors India Pvt. Ltd.

Curious? Need more details? The request a sample of the “Indian Electric Vehicle Supply Equipment (EVSE) Market” report.

Read More

mHealth Market Growing due to Increasing Chronic Disease Menace

The increasing usage of smartphones and connected devices and surging geriatric population, prevalence of chronic diseases, focus on patient-centric healthcare services, and demand for remote patient monitoring services are driving the adoption of mobile health (mHealth). The mHealth market generated $23.0 billion in revenue in 2017, which is predicted to grow at a CAGR of 33.5% during the forecast period (2018–2023), to ultimately reach $132.2 billion by 2023. The term refers to the provision of healthcare services via mobile phones and other telecommunication devices.

To Learn More About this Report@ http://bit.ly/38J5Ttm

Blood glucose monitors, blood pressure monitors, multiparameter monitors, electrocardiograph (ECG) monitors, sleep apnea monitors, and pulse oximeters are among the various connected devices available. Among these, blood glucose monitors are expected to experience the fastest growth in the market, at a CAGR of 31.9%, during the forecast period. This would be due to the growing prevalence of diabetes, as a result of the changing lifestyle and food habits of people across the world.

The rising incidence of chronic diseases, including diabetes, cancer, stroke, heart diseases, and chronic obstructive pulmonary disease (COPD), is one of the key mHealth market growth drivers. Patients suffering from such conditions need continuous monitoring and strict adherence to medication schedule. With mHealth devices and apps, patients can not only monitor their own condition, but also receive timely advice from their doctors, without having to go anywhere. In addition, several mHealth apps alert patients about any anomalies and drug dose time.

The availability of 3G and 4G internet is also leading to the rising adoption of smartphones, which, together with the increasing awareness on the advantages of mHealth, is driving the market. Additionally, mobile devices are increasing penetrating across developing regions; as per the 2017 African Mobile Trends Paper, 960 million people or around 80% of the African population were mobile phone subscribers. Further, the U.S. Food and Drug Administration (FDA) had claimed that around half of the total 3.4 billion smartphone and tablet users would download healthcare apps in 2018.

Therefore, as more people purchase mobile communication devices and realize their advantages in the area of health and wellbeing, the market for mHealth will keep prospering.

Read More