Cathode Material for Automotive Lithium-Ion Battery Market Worth US$ 377.8 Mn by 2030

The global cathode material for automotive lithium-ion battery market generated a revenue of $1,744.9 million in 2019 and is predicted to advance at a CAGR of 6.9% between 2020 and 2030. The market is expected to attain a valuation of $3,777.8 million by 2030. The growing usage of electric vehicles, rapid fall in the costs of cathode materials, and the growth of the energy storage battery industry are the key factors driving the advancement of the market.

With increasing environmental degradation and the deteriorating air quality levels in several countries, the deployment of electric vehicles is increasing rapidly. This is, in turn, pushing up the requirement for lithium-ion batteries, which is subsequently causing the expansion of the cathode material for automotive lithium-ion battery market. According to many reports, over 2.1 million electric cars were sold across the globe in 2019 and this number is predicted to rise beyond 130 million by 2030.

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Geographically, the cathode material for automotive lithium-ion battery market would demonstrate the fastest growth in the Latin America, Middle East, and Africa (LAMEA) region in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This is credited to the fact that the total usage of the automotive lithium-ion batteries is predicted to rise from nearly 1.6 GWh in 2019to 7.6 GWh in 2024.

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Market Segmentation by Type

The research offers market size of the global cathode material for automotive lithium-ion battery market for the period 2014–2030.

• Lithium–Iron Phosphate (LFP)
• Lithium–Manganese Oxide (LMO)
• Lithium Nickel Cobalt Manganese/Lithium Nickel Manganese Cobalt (NMC)
• Lithium–Titanate Oxide (LTO)
• Lithium–Nickel–Cobalt–Aluminum Oxide (NCA)

Market Segmentation by Vehicle Type

• Two-Wheeler
• Passenger Car
• Commercial Vehicle

Market Segmentation by Vehicle Technology

• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)

This study covers

• Historical and the present size of the Cathode Material for Automotive Lithium-Ion Battery Market

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Recent trends and evolving opportunities for the market participants

• Historical and the present size of the market segments and understand their comparative future potential

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Why is Electric Vehicle (EV) Battery Swapping for Two- and Three-Wheeler Market Booming in Asia-Pacific?

The growing pollution levels in many countries are the primary factors fueling the popularity of electric vehicles. Moreover, the rising requirement for electric two- and three-wheelers in ride hailing and sharing services and the growing deployment of electric three-wheelers for goods and passenger transportation are pushing up the sales of electric two- and electric three-wheelers across the world. The lack of proper charging facilities and the frequent charging requirements of these vehicles pose big problems for vehicle owners.

As a result, many organizations are focusing on developing vehicles equipped with battery-swapping features. This eliminates the requirement for the ownership of batteries by the owners of the electric vehicles. Instead, the batteries are owned and supplied by the swapping service providers. The separation of the batteries from the electric vehicles reduces the costs of electric vehicles. This, in turn, makes the prices of electric vehicles either similar to or in some cases, lower than internal engine combustion (ICE) automobiles.

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Because of the aforementioned factors, the global EV battery swapping for two- and three-wheeler market is predicted to surge from 2020 to 2030. The growing popularity of electric scooter sharing service is a key factor fueling the progress of the market. These services have witnessed a sharp rise in popularity in North America in recent years. This is because these services offer better last-mile connectivity and hyper-localized services in comparison to other shared mobility services.

Across the globe, the EV battery swapping for two- and three-wheeler market is currently registering the highest growth in Asia-Pacific (APAC), as per the observations of the market research firm, P&S Intelligence. In this region, the market is presently booming in India and China, mainly because of the high population density and the high usage of two-wheelers in these countries. The market is also rapidly progressing in Taiwan, on account of the growing popularity of battery swapping in the country.

Hence, it can be said without any doubt that the market would demonstrate rapid expansion throughout the world in the forthcoming years, primarily because of the growing deployment of electric two- and three-wheelers and the rising requirement for battery swapping, on account of the lack of proper charging infrastructure and high prices of lithium-ion batteries, around the world.

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 The research offers market size of the Global EV Battery Swapping for Two- and Three-Wheeler for the period 2014–2030.

Market Segmentation by Service Type

• Pay-Per-Use Model
• Subscription Model

Market Segmentation byBattery Type

• Lead Acid
• Li-Ion

Market Segmentation by Vehicle Type

• Two-Wheeler
  • Pay-per-use model
  • Subscription model
• Three-Wheeler
  • Pay-per-use model
  • Subscription model

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Automotive Tire Market How Top Companies Adapted after COVID-19 Hit Its Business

 The increasing lifespan of automobiles is one of the major factors fuelling the demand for automotive tires throughout the world. The average life span of the vehicles across the world increased from 10.5 years to 12 years during 2010—2018, mainly on account of the increasing enactment of various regulations and policies by the governments of many countries and rising competition amongst the automobile manufacturing companies all over the world. The surging average life spans of vehicles have massively increased the mileage of the vehicles, which has in turn, amplified the incidence of wear and tear on the tires.

The flourishing automotive industry, especially in the Asia-Pacific (APAC) region is another important factor responsible for the soaring sales of automotive tires throughout the world. Driven by these factors, the revenue generated from the worldwide sales of automotive tires is expected to rise from 155.3 billion to 237.2 billion from 2018 to 2024. The global automotive tire market revenue is predicted to exhibit a CAGR of 7.7% during the forecast period (2019—2024).

Automotive tires are widely required in passenger cars, two-wheelers, medium and heavy commercial vehicles, and light commercial vehicles. Out of these vehicles, the passenger cars registered the highest demand for automotive tires in 2018. This is mainly credited to the ballooning sales of passenger vehicles all over the globe and the increasing disposable income of the people in several countries around the world. In addition to this, the rising popularity of crossover utility vehicles (CUVs) and sport utility vehicles (SUVs) are further boosting the sales of automotive tires for passenger vehicles throughout the world.

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One of the prominent trends currently being observed in the automotive tire market is the rising requirement of high-performance, next-generation tires across the world. These tires have recorded a tremendous rise in popularity amongst the automotive companies, especially in the automotive aftermarket. These tires have high fuel-efficiency and generate less noise and have been traditionally used in the luxury passenger cars in the past. However, since the last few years, these tires have been increasingly adopted in CUVs and premium SUVs, mainly on account of the high speed and reliability needs of these vehicles.

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This study covers                                                  

• Historical and the present size of the automotive tire market
• Future potential of the market through its forecast for the period 2014-2024
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Webgame Market Future Trends, Prominent Players, Covid 19 Impact and Forecast by 2030

The global webgame market is predicted to generate a revenue of $6.5 billion by 2030, rising from $3.5 billion in 2019, advancing at a 5.7% CAGR during the forecast period (2020–2030), according to a study conducted by P&S Intelligence. Other than growing use of smartphones, the rising utilization social media is also resulting in the growth of the market across the globe. At the present time, Facebook, Instagram, and Twitter are introducing various forms of social interaction.

The popularity of these was the highest during 2014–2019 as well, as they offer real-time interaction among players. Owing to their thrill of on-the-spot strategy making and fast-paced nature, real-time games are increasingly surpassing the other variants. Kantai Collection, Ikariam, Habbo Hotel, and FusionFall are some of the very popular real-time games. 

Webgames also have different genres, namely arcade, first-person shooter, sports games, MMORPG, and real-time strategy games, among which, the popularity of first-person shooter games has been increasing swiftly. These games are played from the protagonist’s viewpoint, which makes them thrilling for gamers. Moreover, these games are shorter than other variants, and hence are gaining popularity.

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Geographically, the Asia-Pacific (APAC) region emerged as the largest webgame market in the past, and the situation is likely to be the same in the coming years as well. The growing penetration of tablets, laptops, personal computers, and the internet are driving the regional domain. In conclusion, the surging penetration of smartphones and tablets and increasing utilization of social media platforms are driving the market.

This market research report provides a comprehensive overview of the webgame market

• Historical and the present size of the webgame market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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U.S. Electric Truck Market to register Robust Growth of 51.6% during 2020–2030

The U.S. electric truck market is expected to generate a revenue of $15,084.3 million by 2030, increasing from $211.5 million in 2019, and the market is expected to witness robust growth of 51.6% CAGR during the forecast period (2020–2030). The market is growing due to the increasing government support for the deployment of electric trucks in the country and the falling process of battery packs. In addition to this, electric trucks are cheaper to maintain and operate as compared to traditional diesel trucks.

On the basis of vehicle type, the U.S. electric truck market is divided into heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LTDs are predicted to account for the largest share of the market in 2030, owing to the increasing demand for pickup trucks in the country. In the U.S., LTDs accounted for more than 85% of the sales of commercial vehicles. Other than this, the HDT division is predicted to grow at the fastest pace during the forecast period.

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The rapid deployment of electric trucks in the logistics operations is also a major trend in the U.S. electric truck market. The logistics sectors itself has been registering considerable growth in the country since the past few years, owing to the expansion of the e-commerce industry. With the rising requirement for more-convenient and faster deliveries at customers’ doorsteps, the need for effective logistics has been on a rise. Various logistics companies are electrifying their fleet for making their operations optimized.

The supportive government policies are the major reason for the growth of the U.S. electric truck market. Governments on both the state and federal level have set strict targets for reducing carbon dioxide and nitrogen oxide emissions from vehicles. Moreover, in California, which is also the largest market for electric trucks in the country, vouchers and funds are being provided for the purchase of electric vehicles. Up to $20 million are supposed to be provided for the same purpose in the state till 2020.

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In conclusion, the demand for electric trucks in the U.S. is growing due to the favorable government policies and expansion of the logistics sector.

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Global Extended Reality Market Set to be Worth Over $1,000.0 Billion by 2030

The global extended reality (XR) market generated a revenue of $18.6 billion in 2019 and is predicted to attain a valuation of $1,005.9 billion by 2030. Furthermore, according to the forecast of P&S Intelligence, a market research firm based in India, the market would exhibit an explosive CAGR of 48.3% between 2020 and 2030.

The prominent factor fueling the progress of the extended reality market is the growing usage of augmented reality (AR)/virtual reality (VR), smartphones, connected devices, and 5G. Since the last few years, there has been a sharp rise in the number of smartphone users across the world and with the growing penetration of the internet and the rising spending power of people in several countries, this trend is likely to continue in the coming years as well. 

As per a report produced by the GSM Association in March 2020, as of December 2019, there were as many as 5.2 billion unique mobile subscribers in the world. This number accounted for almost 67% of the global population. Furthermore, the number of smartphone users is predicted to rise to 5.8 billion in 2025, accounting for a share of nearly 70% of the global population in that year.

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This will, in turn, massively push up the demand for AR applications in the future. The increasing partnerships and collaborations among the market players and the soaring popularity of gesture-based computing are the other major factors fueling the market boom. Thus, it is quite clear that the market will grow substantially all over the world in the years to come, primarily because of the rising usage of smartphones, growing popularity for AR/VR applications, and the rapid proliferation of AR/VR mobile applications around the world.

This market research report provides a comprehensive overview of the extended reality market

• Historical and the present size of the extended reality market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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What are Major Factors Propelling Surge of Global Second Life Electric Vehicle Battery Market?

The increasing number of electric vehicles (EVs) on the roads, owing to the presence of strict emission policies in many countries because of the increasing pollution levels caused from vehicular emissions, is one of the major factors fuelling the surging demand for second life electric vehicle batteries around the world. For instance, according to the Europe 2020 strategy, the European Union (EU) aims to reduce the carbon dioxide (CO2) emissions from vehicles by 20%, as compared to the emission levels in 1990, by 2020. Similarly, the U.S. targets to reduce the emission levels by 26–28% by 2025.

The batteries adopted in the electric vehicles are replaced very frequently (usually in every four to five years), which is significantly lesser than the complete life span of the electric vehicle itself. Moreover, the older battery, even after replacement, has almost 60—80% of its original power supplying capacity, which makes the battery highly useful in various other applications. Due to these factors, the global second life electric vehicle battery market is expected to exhibit huge growth during the forecast period (2020—2030).

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Across the world, Asia-Pacific (APAC) is predicted to observe the highest usage of second life electric vehicle batteries during the forecast period. In APAC, China is predicted to register the highest utilization of second life electric vehicle batteries during the forecast period. This is primarily credited to the rising adoption of electric vehicles in the country. In addition to this, the country aims to attain 50% share of electric vehicles in the entire domestic fleet by 2025, which will in turn, massively boost the demand for second life electric vehicle batteries in the country in the years to come.

Therefore, it can be concluded that the sales of second life electric vehicle batteries will surge throughout the globe in the upcoming years, owing to the soaring adoption of electric vehicles in many countries and the high charging capacities of the second life EV batteries which make them highly useful in several applications.

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