Over $100,984.5 Million Revenue Expected in Global IoT in Logistics Market by 2030

The mushrooming requirement of higher efficiency in logistics all over the world and the rapid growth of the e-commerce industry are the major factors propelling the advancement of the global internet of things (IoT) in logistics market. Due to these factors, the market is expected to reach a valuation of $100,984.5 million by 2030, progressing at a CAGR of 13.2% between 2020 and 2030.

However, the COVID-19 pandemic has caused severe disruptions in the logistics sector across the world. This is ascribed to the fact that many countries around the world imposed complete lockdowns, including closing off all industrial operations in March 2020 in order to reduce the spread of the infection and enforce isolation and social distancing norms. As a result, there was a huge rise in labor shortage, inconsistent delivery of shipments, and major disruptions in the global supply chain, which, in turn, affected the progress of the IoT in logistics market all over the globe.

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On the basis of application, the market is categorized into inventory tracking and warehousing, location management, blockchain for supply chain management, predictive analytics, fleet management, and self-driving vehicles. Out of these, the blockchain for supply chain management division will progress at the fastest rate in the market in the coming years. This is because of the fact that blockchain has a huge potential of replacing the conventionally used methods in supply chain management that use the distributed ledger technology. The adoption of blockchain technology in logistics sector would significantly improve the logistics operations by making them sustainable and ethical.

Under the vertical segmentation of the IoT in logistics market, the main categories are food and beverage, automotive, real estate, retail, aerospace and defense, oil and gas, and healthcare. Amongst these divisions, the retail one recorded the highest market growth in the last few years. This is ascribed to the huge demand for technological innovations and developments in the logistics services from the e-commerce firms for keeping up with the rising customer demands for e-commerce services and deliveries.

Globally, the IoT in logistics market was dominated by North America during the past several years. This is attributed to the existence of major retail firms in the region such as Amazon.com Inc. and Walmart Inc. and the resultant surge in the demand for efficient and effective logistics solutions and services. However, the market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the future years, on account of the high population levels in various APAC nations such as India and China. These highly populous countries have huge customer bases for logistics solutions and services. In addition to this, the rising disposable income of the people in these countries, on account of the rapid economic growth of these nations, will make the market very lucrative in the APAC region in the upcoming years.

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The major players operating in the IoT in logistics market such as Robert Bosch GmbH, Cisco Systems Inc., Intel Corp., IBM Corp., AT&T Inc., Oracle Corp, Honeywell International Inc., SAP SE, Microsoft Corp., and Qualcomm Inc. are increasingly getting into partnerships with one another for improving and expanding their presence in the market. For example, AT&T Inc and Nokia Corp. started a partnership with each other in November 2019 for developing an innovation studio in Munich, Germany that will support the increasing incorporation of both next-generation and current generation internet of things solutions

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How is Increasing Vehicle Sales Driving Automotive Repair Software Market?

Because of increasing the disposable income, rapid urbanization, swift economic growth in emerging economies, and technological advancements, the number of vehicles on roads has risen significantly on roads all across the globe. For example, approximately 91.3 million motor vehicles were sold worldwide in 2019. Over the last ten years, the affordability of vehicles has increased considerably. 

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Moreover, due to technological advancements autonomous and connected cars have also started emerging in the markets. Owing to this surging number of vehicles on roads, the number of auto repair shops has also taken a hike. The smooth functioning of vehicles depends a lot upon their proper maintenance. If a vehicle is not maintained on a regular basis, it is highly likely that its functioning will take a hit. 

Attributed to these reasons, the global automotive repair software market generated revenue of $1,264.2 million in 2019 and is predicted to advance at a 10.3% CAGR during the forecast period (2020–2030). Maintenance, repair, and service are the major kinds of this software, among which, the demand for repair solutions is expected to be the highest in the coming years. This is because of the increased adoption of auto repair software for automobile repair and diagnostics. 

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Therefore, auto repair shops are of great importance to the automotive industry. Now that the number of vehicles has risen, the operations and processes in these shops have also become more complex. There is a growing need for improving efficiency, which is why several auto repair shops are making use of auto repair software. This software is capable of automating the day-to-day aspects of managing an auto repair shop, thereby simplifying the operational processes.

Hence, These solutions provide valuable insights from colored diagram for wiring, experienced technicians, and repair information provided by the automaker for ease of understanding.

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Over $9.0 Billion Revenue Expected in Global Chiller Market by 2024

Due to the rising temperature, the demand for chillers is expected to surge across the world in the coming years. Since the last few decades, there has been a significant rise in the global temperature on account of global warming. Global warming is mainly caused by the greenhouse gas (GHG) emissions into the atmosphere. According to the National Aeronautics and Space Administration (NASA), the global average temperature increased by almost 0.90 ⁰Celsius from 1951—1980 to 2017. Due to the rising temperatures across the world, the demand for various cooling systems such as chillers will increase tremendously in future.

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The other major factor propelling the demand for chillers is the soaring requirement of cooling equipment in several industrial applications. Chillers are mainly used in industries for the controlled cooling of factory machinery and other products. This equipment is widely used in chemical processing, pharmaceutical formulation, food & beverage processing (including dairies and breweries), power supplies and power generation stations, welding, paper and cement processing, and X-ray diffraction. In the food processing industry, chillers are highly sought after on account of the huge requirement of efficient cooling systems in the various applications and processes of the food processing industry. 

Due to the above-mentioned factors, the revenue generated from the sales of chillers around the world is expected to rise from $7.1 billion to $9.5 billion from 2018 to 2024. The global chiller market is predicted to advance at a CAGR of 4.9% during the forecast period (2019—2024). There are numerous types of chillers used in industries — screw, centrifugal, absorption, reciprocating, and scroll chillers. Amongst these the screw chiller recorded the highest usage in 2018, owing to the huge number of construction projects launched in North America and Asia-Pacific (APAC) in the last few years. 

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The surging adoption of R32 refrigeration is one of the major trends presently being witnessed in the chiller market. The R32 refrigerant is being increasingly used in a plethora of industrial applications on account of its numerous advantages over the conventionally used R22 refrigerant such as its ability to reduce the energy consumption by almost 10% and its ability to convey heat more efficiently. Furthermore, the R32 chillers have much lower Global Warming Potential (GWP) than the R22 and R410A refrigerants-based chillers and thus, emit lower amounts of greenhouse gases into the atmosphere than the other chillers.

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Automotive Cybersecurity Market Share: In-Depth Coverage And Various Important Aspects by 2030

Valued at $1,152.7 million in 2019, the global automotive cybersecurity market is predicted to attain a valuation of $7,280.2 million by 2030, advancing at a CAGR of 18.5% between 2020 and 2030. The main factors fuelling the growth of the market are the incorporation of artificial intelligence (AI) in level 4 and level 5 autonomous cars, integration of advanced safety features in automobiles, and the implementation of mandatory government regulations for the incorporation of safety features in vehicles in several countries around the world.

Based on vehicle type, the automotive cybersecurity market is categorized into commercial vehicles and passenger cars. Of these, the commercial vehicles bifurcation is predicted to register faster growth in the market in the coming years. This is because of the increasing incorporation of cloud-based solutions by vehicle fleet owners across the world. In addition to this, the governments of many countries are enacting strict regulations for the integration of safety features in commercial vehicles, which is, in turn, powering the progress of the category in the market. The adoption of fleet cybersecurity solutions helps the owners in getting real-time information about connected vehicles in the central control unit, which, in turn, assists in organizing and safeguarding various confidential information such as driver data.

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Under the application segmentation of the automotive cybersecurity market, the major categories are infotainment, advanced driver assistance system (ADAS) and safety system, powertrain, telematics, and body electronics. Out of these categories, the infotainment division held the major market share in the past. Apart from providing information, the infotainment systems also provide entertainment content through built-in hardware and software, thereby enhancing the driver and passenger experience. The consumers can pair their smartphones with these systems for accessing the features of the smartphone, which subsequently increases the demand for in-vehicle cybersecurity solutions for various infotainment applications in order to safeguard and protect the passenger data.

Geographically, the automotive cybersecurity market is predicted to exhibit the highest CAGR in the Asia-Pacific (APAC) region in the forthcoming years. The rapid advancement of the market in this region is because of the soaring automotive production and the rising disposable income of people in the various developing nations of APAC such as China and India. Furthermore, the increasing public awareness about the cybersecurity solutions developed by several original equipment manufacturers (OEMs), rapid technological advancements, and enactment of strict government policies regarding data security and vehicular safety are predicted to cause huge expansion of the market in the region in the upcoming years.

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The COVID-19 pandemic has negatively impacted the progress of the global automotive cybersecurity market primarily on account of the imposition of strict lockdowns in several countries and the subsequent disruption in supply chain and logistics, falling imports and exports of goods, declining availability of raw materials, reducing demand for automobiles, shutting down of OEM factories and manufacturing plants, and decreased output.

The major players operating in the automotive cybersecurity market such as Harman International Industries Inc.,Continental AG, Trillium Secure Inc., Vector Informatik GmbH,Visteon Corporation, Robert Bosch GmbH, NXP Semiconductors N.V., Aptiv Plc, DENSO CORPORATION, and Honeywell International Inc. are increasingly focussing on getting into strategic partnerships with each other and mergers for increasing their available resources and technical expertise in order to improve the quality of their product and service offerings.

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E-Mobility Services Market Analysis, Competitive Share and Growth Forecast to 2030

P&S Intelligence cites the rising concerns for the environment and electric vehicles’ (EV) low cost of ownership as the primary reasons behind people shifting to electric mobility. As a result, the global e-mobility services market is projected to witness a massive 40.7% CAGR between 2020 and 2030, to reach $78,898.3 million by 2030.

The COVID-19 epidemic is impacting the e-mobility services market negatively, as the lockdowns initiated in numerous countries have led to almost no demand for public transportation services.

Last-mile connectivity, daily commuting, occasional commuting, and others are the various categories under the commuting pattern segment. Among these, daily commuting is expected to grow the fastest in the coming years, due to the increasing demand for shared mobility services for daily commuting purposes, especially by the younger, college- and office-going population. In addition, several initiatives have been taken around the world to bring down the number of personal vehicles in operation.

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The various categories under the service type category of the e-mobility services market are ride-hailing, two-wheeler sharing,car rental, and carsharing. In the near future, the ride-hailing category would experience the highest CAGR, as numerous ride-hailing giants, including Beijing Xiaoju Technology Co. Ltd. and Uber Technologies Inc., are deploying EVs in their fleets.

Asia-Pacific (APAC) held the largest share in the electric mobility services marketbetween 2014 and 2019, and it will continue doing so throughout the next decade. This is ascribed to government concerns regarding air pollution, rising disposable income, and increasing popularity of the shared mobility concept. Due to the rapid industrialization and urbanization in Japan, China,and India, the pollution level in these countries is rising, creating a need for reducing the emission of greenhouse gases. Due to these reasons, governments are taking numerous initiatives to reduce the vehicle ownership rate, such as reserving road lanes for shared EVs.

To gain a stronger foothold in the electric mobility services market, by targeting a larger user base, companies are launching new services. For instance, Lyft Inc. introduced its e-bikes in California and rebranded its bike-sharing system, Ford GoBike, to Bay Wheels, in June 2019. A new locking system has been provided to help users park the bikes at docking stations and safely lock them.

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In the same vein, in January 2020, EVs were introduced by Grab Holdings Inc. in its GrabCar Electric ride-hailing service, which is available at the Soekarno-Hatta Airport in Indonesia. The fleet, which was electrified with the introduction of 20 Ioniq electric cars manufactured by Hyundai Motor Co., is expected to be expanded to 500 in just one year.

The major global e-mobility services market players are Bird Rides Inc., Neutron Holdings Inc.,Cityscoot SAS, Donkey Republic ApS,Uber Technologies Inc., ANI Technologies Pvt. Ltd.,Grab Holdings Inc., Beijing Xiaoju Technology Co. Ltd.,Enterprise Holdings Inc., and car2go N.A. LLC.

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How is Digital Pathology Important when it comes to Managing Chronic Diseases?

The prevalence of chronic diseases, including cancer, around the world has been increasing rapidly. According to the World Health Organization, cancer is among the leading causes of death, second-leading to be precise, globally, and led to about 8.8 million deaths in 2015. In addition to this, approximately 70% increase is expected to be witnessed in the number of new of cancer cases over the next two years. Like cancer, there are a number of chronic diseases which still cannot be cured and can only be managed with proper medication.

In such cases, early detection of the disease is the key to get effective treatment for the management of the disease. Because of this, the demand for advanced technologies that can provide faster and more accurate and efficient diagnosis is rising. As per a report by P&S Intelligence, the global digital pathology market size is projected to advance at a significant pace in the years to come. The process of digitizing glass slides by making use of a whole slide image scanner for analyzing the digital images by utilizing an image viewer, such as a mobile device or computer monitor, is referred to as digital pathology.

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This can be attributed to the growing burden of chronic diseases, including cancer, hepatitis A and B, and the need for critical monitoring during the treatment for such diseases. This is made possible due to the precise consultations offered by digital pathology services. Other than disease diagnosis, training & education, teleconsultation, and drug discovery are also among the major applications of digital pathology. Among all these, the demand for digital pathology is expected to increase considerably for teleconsultation in the coming years.

The geriatric population especially is widely utilizing teleconsultation services, as they make the management of chronic diseases easy and reduce the number of hospital visits. Other than this, the demand for this technology is also predicted to rise substantially for disease diagnosis in the near future because of the increasing incidence of bacterial and viral diseases. Geographically, North America is predicted to emerge as the largest digital pathology market in the years to come. This is owing to the rising healthcare expenditure and supportive government initiatives about the development of technologically innovative systems in the region.

In conclusion, the demand for digital pathology technology is growing because of the surging prevalence of chronic diseases and increasing geriatric population.

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

In 2018, the global silicon on insulator market generated a revenue of $684.8 million and is predicted to attain $2,285.5 million by 2024, witnessing a 22.7% CAGR during the forecast period (2019–2024). On the basis of product, radio-frequency front-end module (RF FEM) is predicted to register the highest CAGR during the forecast period. This is because of the increasing number of 5G development projects in several countries, such as Japan, Qatar, Mexico, the U.S., China, and South Korea.

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On the basis of application, the SOI market was dominated by the automotive sector in 2018. This is primarily attributed to the rising investments by automotive giants such as Bayerische Motoren Werke (BMW) AG, Audi AG, and Robert Bosch GmbH. For example, Audi AG announced that the company is focusing on integrating fully depleted silicon on insulator (FD-SOI) with devices or sensors that will be utilized in autonomous cars. This will result in the growing demand for SOI-based wafers, which will further drive the market.

Other key factors driving the growth of this category include the type’s relatively high performance with the integration of RF functionality and higher cost-efficiency as compared to bulk complementary metal-oxide-semiconductor and fin field-effect transistor. A key trend in the SOI market is the miniaturization of devices and reduction in the cost of manufacturing chipsets for accelerating their adoption. 

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The demand for miniaturization is increasing due to the rising requirement for smaller assemblies in specific applications and the need for cutting material costs by using smaller parts that function similarly to large parts.Miniaturization has resulted in the emergence of small devices, which are majorly being deployed in consumer electronics and automotive applications including navigation control, infotainment systems, and collision detection.

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