COVID-19 pandemic - Personal Robots Market | The demand for the Market will drastically increase in the Future

The global personal robots market is projected to reach $34,120.3 million by 2022, growing at a CAGR of 37.8% during 2016 – 2022. The study suggests that the global personal robots market is likely to grow from $3.8 billion in 2015 to $34.1 billion by 2022. 

The demand for mobile robots has been increasing due to security concerns. These robots are capable of locomotion and are not fixed to one physical location. Such robots find their application in spying, hence, are also known as spying robot.

The increase in urbanization is introducing machines, such as personal robots, in the households. Moreover, the declining price of personal robots has been encouraging the budget-conscious customers to purchase them. 

Some of the key players in the global market include Honda Motor Co. Ltd., Sony Corporation, Samsung Electronics Co. Ltd., F&P Robotics AG, ZMP Inc., Segway Inc., Neato Robotics Inc., Ecovacs Robotics Inc., Hasbro Inc., and iRobot Corporation. Some of the low-cost cleaning robots are Milagrow Black Cat MGRV002 Robotic Floor Cleaner, Philips FC8800/01 Robotic Vacuum Cleaner, Exilient ReadMaid Robotic Vacuum Cleaner, Neato XV Signature Pro Robotic Vacuum Cleaner, and O-Duster Robotic Floor Cleaner. The surging demand for such robots is an opportunity for the manufacturers in this market. 

Geographically, Europe has been the largest personal robots market, where Germany stood as the largest contributor to the regional market. In North America, the U.S. has been the major market for personal robots, whereas in Asia-Pacific, Japan has been the major contributor to the reginal revenue.

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GLOBAL PERSONAL ROBOTS MARKET

·         By Type – Cleaning Robot, Entertainment & Toy Robot, Education Robot, Handicap Assistance Robot, Companion Robot, Personal Transportation Robot, Security Robot, and Others.

·         By Region – North America, Europe, Asia-Pacific and Rest of the World (RoW).

Product launches and strategic partnerships have been the major recent developments in the global personal robots market. Samsung, Segway and F&P Robotics are some of the companies that recently introduced personal robot products. Sony, Samsung and ZMP are some of the major players to announce partnerships in this market.

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Service Integration and Management Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2023

A key driving factor of the SIAM market is the provision of service quality improvement leading to process efficiency. The adoption of SIAM results in the improvement of service quality, which encourages the companies to shift their focus from achieving the routine contractual targets to service enhancement and research & development. Due to enhanced service quality, enterprises can achieve consistency in meeting their service-level targets, including resolving problems on time and end-to-end service reliability and availability. Furthermore, improved service quality results in increased customer satisfaction, which is why organizations are adopting SIAM models.

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In terms of industry, the SIAM market is divided into banking, financial services, and insurance (BFSI), energy & utility, telecom & IT, retail & manufacturing, transportation & logistics, and others (which include healthcare, government, and life sciences). Among these, the telecom & IT industry held the largest share of the market during the historical period and is predicted to retain its position during the forecast period. The reason for this is the increased complexity of IT services and the growing number of service providers around the world.

In 2017, the global service integration and management (SIAM) market reached a value of $2,995.3 million and is projected to advance at a 9.4% CAGR during the forecast period (2018–2023). Service quality enhancement leading to process efficiency and cost efficiency and value enhancement are the major factors resulting in the growth of the market. The governance, management, and coordination of services, such as IT and business, which are provided by multiple suppliers and integration of these services for providing solo business-facing service model is referred to as SIAM.

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When service is taken into consideration, the SIAM market is categorized into integration & automation, consulting & implementation, and assessment & advisory. Out of these, the consulting & implementation category dominated the market during the historical period (2013–2017) and is further predicted to hold the largest share of the market during the forecast period. The integration & automation and assessment & advisory categories are expected to grow at a faster pace than consulting & implementation category during the forecast period.

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Why is Surgical Robotic System Market Expected to Register Huge Growth in North America in Future?

Due to the rising incidence of chronic cardiovascular diseases, on account of the sedentary lifestyle and soaring geriatric population, the adoption of surgical robotic systems is expected to boom in the healthcare settings across the world, in the coming years. Surgical robotic systems are extensively used for the treatment of multiple types of cardiovascular diseases and ailments, with minimal pain and invasion. Owing to their high precision, these systems are experiencing rising popularity in several countries around the world.

Due to the above-mentioned factor, the global surgical robotic system market size is expected to demonstrate substantial growth over the next few years. Surgical robots are controlled and managed by surgeons via computers and they perform surgeries with the help of robotic arms. A robotically assisted surgical (RAS) device is, basically, a computer-assisted surgical device that allows the surgeon to leverage advanced software for moving and controlling surgical instruments through one (minimally invasive) or multiple incisions  in the patient’s body, for a wide array of surgical procedures.

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Geographically, North America is predicted to register the highest usage of surgical robotic systems in various surgical procedures, during the forecast period. The main factors responsible for the large-scale usage of these systems in North America are the wide-scale utilization of these robotic systems for cardiovascular diagnosis and therapeutic procedures in specialty clinics and hospitals all around the world. In addition to this, many countries in the region offer the provision of insurance for robotic surgical procedures, which in turn, contribute toward the growing popularity of these surgeries.

Therefore, it can be said without any doubt that due to the rising incidence of chronic heart and cardiovascular diseases and ailments and the increasing incorporation of technologically advanced procedures in healthcare settings, the demand for surgical robotic systems will surge in the coming years.

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Business Impacts of COVID-19 on Asia-Pacific (APAC) Automotive Tire Market | Exclusive Report Analysis by P&S Intelligence

Owning a vehicle these days is, for sure, not as hard as it was sometime back. While automobiles were a luxurious item before, that is no longer the case now, thanks to the swift economic growth and increased disposable income of people, primarily in the emerging economies in Asia-Pacific (APAC). In fact, China is the leading automobile manufacturer across the globe. In 2019, the total of automobile sales in China stood at 25 million units, among which 21 million were passenger cars. Ascribed to these factors, the requirement for automotive tires in the APAC region is growing at a rapid pace.

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According to a report by P&S Intelligence, in 2018, the APAC automotive tire market witnessed a sale of 1,080.5 million units, which is projected to increase to 1,826.8 million units by 2024, progressing at a 9.1% CAGR during the forecast period (2019–2024). Among the different vehicle types, including passenger cars, medium & heavy commercial vehicles, two-wheelers, and light commercial vehicles, the largest demand for automotive tires in the region is created for passenger vehicles, owing to the large population base which purchases these.

The research offers market size of the APAC automotive tire market for the period 2014–2024.

Market Segmentation by Vehicle

Two-Wheelers

Passenger Cars

Light Commercial Vehicles

Medium and Heavy Commercial Vehicles

Market Segmentation by Design

Radial

Bias

Market Segmentation by End Use

Original Equipment Manufacturer (OEM)

Aftermarket

China is the largest APAC automotive tire market, particularly because of the fact that the country is the largest manufacturer of automobiles, as mentioned above. As per the China Association of Automobile Manufacturers, the country is projected to manufacture about 30 million passenger cars by 2020 and 35 million units by 2025. Apart from this, countries including Indonesia, Japan, India, and South Korea are also expected to create a considerable demand for automotive tires in the coming years, which is attributed to the rising per capita income of consumers, thereby resulting in the increasing consumer base in these countries.

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Hence, the requirement for tires in APAC is increasing due to the rising production of vehicles and technological advancements.

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Business Impacts of COVID-19 on GIS Market | Strategies of Major Industry Competitors

GIS vendors offer services (managed and professional), hardware, data, and software. As GIS data is extensively used for routing, modeling, mapping, reporting, and geocoding, its demand is expected to be the highest in the coming years. In addition to this, GIS data is in high demand for regional literacy mapping applications in emerging economies, including Mexico, India, Brazil, and China. 

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Moreover, GIS is registering a high demand from the water & wastewater sector, on account of the strict government regulations, including Water Law of the People’s Republic of China and America’s Water Infrastructure Act 2018, for providing safe drinking water in major countries. The smart city project projects of China, where GIS is being utilized in development and planning, are further predicted to make APAC the fastest growing GIS market in the coming years.

The demand for GIS for mapping is further projected to increase in developing countries, for utilization in urban planning applications, such as classification of land zone, water quality management, land acquisition, and environment impact and urban growth assessment. Apart from the defense & aerospace sector, industries which utilize GIS include healthcare, oil & gas exploration, telecommunications, water & wastewater, oil & gas refining, government, transportation & logistics, and engineering & business services. 

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The government sector made the most use of GIS in the past, due to the fact that the governments of Canada and the U.S. are using the tool for analyzing food production sources, in order to eradicate hunger. In addition to this, the mapping of environmental degradation and climate changes is also being carried out for reporting and monitoring the changes. The utilization of GIS is projected to grow significantly in both North America and Asia-Pacific (APAC) in the near future, due to the increasing investments in GIS-based infrastructure by governments in both the regions.

Hence, the adoption of GIS is increasing in the defense sector and for mapping applications.

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Ultraviolet (UV) Curing System Market Size to Increase by $1.0 Billion by 2024

From $9.33 trillion in 2019, the total value of the goods manufactured across the globe rose to $14.17 trillion in 2018, says the World Bank. This has been a cumulative result of the increase in investments, both domestic and foreign, advancements in technology, and growing consumer demand for various products. Talking of manufacturing technology specifically, advanced production methods not only help manufacturers cut down on their operational costs, but also increase their output. One of the trending manufacturing technologies, these days, is ultraviolet (UV) curing, wherein UV light is used to cure or dry inks, coatings, and adhesives, rather than heat or air.

Hence, with growth in manufacturing, the procurement of machines which enable UV curing is also rising. This is why the UV curing systemmarket revenue is on path to rise from $1.4 billion in 2018 to $2.4 billion by 2024, at an 8.8% CAGR between 2019 and 2024 (forecast period). In the manufacturing sector, this technique is prized because it shields the substrates from moisture, corrosion, and chemical spills. Further, as UV curing is fast, it leads to a higher output in lesser time, which helps manufacturers maximize their resources, and ultimately, the revenue.

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Market Segmentation by Type

·         Spot Curing

·         Flood Curing

·         Hand-Held Curing

·         Conveyor Curing

Market Segmentation by Technology

·         Conventional Ultraviolet (UV)

·         Ultraviolet Light-Emitting Diode (UV LED)

·         Others (Mercury Lamp and Microwave Lamp)

Market Segmentation by Pressure

·         Low

·         Medium

·         High

Market Segmentation by Application

·         Printing

·         Coating

·         Adhesive

·         Others (Water Disinfection, Substrate Assembling, and Finishing)

Market Segmentation by End User

·         Aerospace and Defense

·         Industrial Manufacturing

·         Electronics

·         Automotive

·         Healthcare

·         Others (Water Treatment Plants, Food and Beverages, Media and Entertainment, Oil and Gas, and Agriculture)

Around the world, Asia-Pacific (APAC) has been the largest UV curing system market up till now, as it is one of the largest electronics and automobile producers across the world. Incidentally, the automotive industry currently accounts for the widest usage of the UV curing technology. Additionally, the adoption of this technology is increasing in metal and plastic finishing and packaging applications in APAC, which is a result of the rapidly growing food and beverages sector here, on account of the increase in people’s disposable income. With increasing purchasing power, people in Thailand, India, Indonesia, and Vietnam are buying packaged food and electronic gadgets at a high rate.

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Hence, due to its fast and more-efficient drying ability, UV curing would be adopted by a rising number of manufacturers to increase their output.

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Smart Lighting Market by Manufacturers, Regions size and Forecast up to 2023

Since the late 19^th century, the average global temperatures have increased by around 0.9 °C, the National Aeronautics and Space Administration (NASA) says. The major reason behind is the greenhouse gases emitted by vehicles, houses, and industries, which trap the heat, but do not let it escape.

Apart from climate change, these emissions also cause respiratory issues, such as lung cancer, asthma, and chronic obstructive pulmonary disease (COPD). This is why, governments around the world are focusing on reducing these emissions, both by switching to renewable energy and adopting energy-efficient practices at homes and other places.

Thus, with the strong need to conserve electricity, so that the workload on the fossil-fuel-based power plants decreases, the smart lighting market is growing. Such lights are integrated with smart sensors and electronic circuits, which lead to a reduced power consumption.

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As per estimates, in the next 25 years, the worldwide electricity demand would jump by around 50%, and to meet it, 700 power plants, each with a capacity of around 500 MW, will have to be constructed, at a cost of $1 trillion. Thus, to ensure as few emissions as possible and also save on money, electricity saving via smart lights is becoming popular.

The smart lighting market growth would be the fastest in Asia-Pacific (APAC), on account of the enhancements in the technology.

Another reason behind the growing demand for smart lighting is the large number of initiatives being taken for the development of smart cities. As such infrastructure is specially designed to reduce the usage as well as check the wastage of energy, smart lighting is an essential component here.

With countries strongly pursuing the creation of such ecosystems, such as India under its ambitious Smart Cities Mission, the demand for smart lighting would continue rising in the coming years. Data related to CO₂ emissions, humidity, audio-video activities, and ultraviolet (UV) light is gathered by the sensors in such lights.

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