Increasing Demand for Low-Latency Internet Driving 5G Infrastructure Market Growth

The global 5G infrastructure market revenue stood at $1.5 billion in 2020, and it is predicted to increase significantly during 2021–2030 (forecast period). The market is being driven by the growing adoption of technologies that require fast internet connection, such as artificial intelligence (AI), burgeoning requirement for low-latency internet, increasing adoption of virtual networking architecture in the telecommunications sector, and surging number of mobile data users across the world.

Furthermore, the adoption of machine-to-machine (M2M) connections in several industries is driving the installation of 5G network across the world. Additionally, the growing adoption of internet of things (IoT) applications, on account of the mushrooming popularity of augmented and virtual reality and remote and AI-controlled systems, is also fueling the growth of the 5G infrastructure market.

IoT involves the sharing of data between several machine parts over a wireless network. The data is basically collected from sensors or an input source and then used for sending the output. 5G network assists in this process and improves the reliability of the IoT devices by transmitting the data with reduced latency. Apart from the above-mentioned factor, the ballooning adoption of 5G-enabled devices is also fueling the expansion of the 5G infrastructure market.

5G network has been developed for matching the surge in data storage and catering to the robust connectivity requirements. Moreover, with the growing sales of 5G subscriptions, on account of the increasing use of 5G-enabled devices and several other devices, the demand for 5G infrastructure is rising sharply around the world.

According to the Mobile Economy 2020 published by the Global System for Mobile Communications Association (GSMA), 5G will account for 20% of all connections across the world by 2025. Furthermore, the report estimates that 5G deployment will rise rapidly in Europe, North America, and Asia in the coming years.

This market research report provides a comprehensive overview of the 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
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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Pulse Oximter Market to Generate $3,177.7 Million Revenue by 2024

Every year, an increasing number of people are suffering from diabetes, cancer, cardiovascular diseases, and chronic obstructive pulmonary disease (COPD). These chronic conditions as well as a lot many other diseases and disorders require medical intervention at some point in time. Therefore, with the increasing hospitalization rate and rising demand for healthcare, more and more medical centers are being constructed. This is, in turn, leading the growing procurement of various medical devices and instruments, such as the pulse oximeter.

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Such instruments are of several types, such as table-top, fingertip, wrist-worn, earlobe, hand-held, nose, palm/foot, and forehead. Among these, the popularity of wrist-worn variants is expected to increase the fastest in the near future, as they are more technologically advanced than others and are preferred by the elderly, at homecare settings. This is because these variants are non-invasive, safe, compact, and lightweight; additionally, they perform well on patients in all age groups, which is another reason for their rising sales.

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The sensor in these oximeters can be disposable or reusable, of which oximeters which have reusable sensors account for higher usage. This is attributed to the fact that they can be utilized for continuous as well as short-term O2 stats monitoring. In addition to these advantages, they boast a better and more stable grip in the body part they are affixed to, in comparison to the devices which have disposable sensors.

Geographically, North America witnesses the widest adoption of oximeters, owing to the presence of numerous companies which manufacture these instruments, high healthcare spending, and surging incidence of chronic diseases. In the coming years, the fastest growth in the pulse oximeter market is predicted in Asia-Pacific (APAC), as a result of the increasing geriatric population, which witnesses more frequent hospitalization than younger people. Additionally, the air pollution levels in the region are also high, which contribute in increasing the prevalence of respiratory issues.

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Why Are Net Zero Energy Buildings Being Promoted around the World?

The construction of net zero energy buildings (NZEBs) has surged across the world due to the implementation of energy efficiency plans by several governments. This is also an organizational step to reduce the dependence on conventional energy and ensure the usage of non-conventional energy at a larger scale. For instance, the California Long-Term Energy Efficiency Strategy Plan has been implemented by the California Public Utilities Commission (CPUC) to ensure that all new commercial buildings and residential buildings are NZEBs by 2030 and 2020, respectively.

Apart from local, federal, and central governments, international organizations are also supporting the construction of NZEBs, by setting up emission targets for the construction sector. Such targets have the objective of reducing the dependence on fossil fuels. For instance, the World Green Building Council has publicized plans that can help NZEBs attain 40% fewer embodied carbon emissions by 2030 and reach 100% net zero emissions by 2050. The local and international support will therefore accelerate the net zero energy buildings market at a high 15.6% CAGR during 2019–2024. The market value is expected to grow from $896.6 million in 2018 to $2,106.6 million by 2024.

In recent years, key NZEB technology and component providers like SunPower Corporation, Rockwool Group, Daikin Industries Ltd., Solatube International Inc., Xtratherm Limited, and Kingspan Group plc have started engaging in product launches and acquisitions to gain more customers. For example, Kingspan Group plc. launched three new roofing panels: KingRib 5, KingSeam, and KingRib 3, in April 2019. These panels are cost-effective and energy-efficient and utilize foamed-in-place polyisocyanurate (PIR) foam, which is free of chlorofluorocarbons (CFC) and offers an R-value of 12 for a 1.5-inch panel and an R-value of 49 for a 6-inch panel.

According to P&S Intelligence, North America dominated the market for net zero energy buildings in the past, and it will continue its dominance in the foreseeable future. This can be primarily owed to the strict targets of reducing GHG emissions and curtailing energy consumption in the region. Moreover, North America is expected to register the fastest growth in the construction of NZEBs in the coming years due to the rising penetration of this concept, especially in commercial spaces. NZEBs can decrease pollution during the construction phase of the building and ensure carbon neutrality, which can aid in attaining a net zero carbon status.

Hence, in an attempt to save the environment, local, federal, and state governments, along with international agencies, are increasingly focusing on NZEBs. In essence, the urge to eliminate GHG emissions will fuel the construction of such buildings in the coming years.

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Popularity of Two-Wheeler Logistics Services To Surge in Asia-Pacific in Future

With the rising consumer requirement for faster product delivery, the demand for two-wheeler logistics solutions is growing rapidly across the world. Moreover, customer buying behavior and expectations are changing rapidly, as they are increasingly expecting free and fast shipping along with competitive product prices. As this delivery schedule challenges the traditionally used logistics, businesses are increasingly focusing on adopting faster, more-efficient, and cheaper logistics alternatives, such as two-wheeler logistics solutions.

Two-Wheeler Logistics Market

Additionally, many service providers are focusing on speeding up their delivery processes, which is also boosting the demand for two-wheeler logistics solutions. Besides this, the expansion of the e-commerce industry and the rapid digitization in the logistics industry are also driving the popularity of the two-wheeler logistics solutions across the world. According to the United Nations Conference on Trade and Development (UNCTAD), the revenue generated from global e-commerce sales grew by 8% from 2017 and reached $25.6 trillion in 2018.

Due to the aforementioned factors, the demand for two-wheeler logistics services is rising sharply, which is, in turn, driving the growth of the global two-wheeler logistics market. Grocery delivery, food delivery, parcel delivery, and e-commerce delivery are the major services provided by two-wheeler logistics solutions. Out of these, the adoption of these solutions is predicted to rise at the fastest pace in e-commerce delivery applications across the world in the coming years. 

One of the major trends currently being witnessed in the two-wheeler logistics market is the emergence of several two-wheeler logistics solutions providing start-ups, on account of the surging investments being made by various venture capitalists in the region. For example, Mara Labs Inc. (Locus) announced in May 2019 that it has received an investment of $22 million, during its Series B funding round, from Tiger Global Management LLC and Falcon Edge Capital LP.

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Hence, it can be safely said that the demand for two-wheeler logistics solutions will shoot up in the forthcoming years, primarily because of soaring consumer demand for faster product delivery and the expansion of the e-commerce industry across the world. 

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What are Key Factors Driving the Growth of Osseointegration Implants Market?

The osseointegration implants market is being positively influenced by the increasing volume of dental implant surgeries and trauma incidents, rising prevalence of spinal cord injuries (SCIs), growing funds for research, and improved reimbursement support for surgeries. It generated a revenue of $9.9 billion in 2017 and is expected to advance at a 4.0% CAGR during the forecast period (2018–2023). Osseointegration implants are used for the treatment of hearing loss, tooth loss, and amputees. Osteoblasts and supporting tissue migrate to the pore in which the implant is placed.

Rise in new product launches in the osseointegration implants market is another trend. Companies are unveiling new and innovative products to increase their portfolio and geographical presence. For instance, the OKTAGON implant system developed by DRS International GmbH was launched by Henry Schein Inc. in September 2017 with exclusive distribution rights in the U.K. Similarly, OPRA Implant System Platform G was launched by Integrum AB in January 2017. It is used for transfemoral patients to simplify surgical procedures and improve the mechanical performance of the system.

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The largest contributor to the osseointegration implants market in 2017 in the region segment was North America. A United Nations publication, “An Aging World 2017”, mentioned that the aged population (60 years and above) in the region is expected to grow to 28.0% of total by 2050 from 22.0% in 2017. Hence, it is clear that the North American market is being driven by the increasing aged population, along with the rising volume of amputations and surging prevalence of spinal disorders.

Therefore, the market for osseointegration implants is slated to advance in the forecast period, as the incidence of SCIs and the number of amputations are witnessing an increase.

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Automated Guided Vehicles Market to Register Growth due to Need for Automation in Warehouses

The e-commerce industry is flourishing across the globe, particularly in emerging economies, including Brazil, China, and India. With the advent of online shopping platforms and hassle-free home delivery, people can now easily choose from a wide variety of things. Moreover, the disposable income of people in developed and developing countries is increasing as well, which is why they are able to spend more on different items. As the industry is witnessing growth, the need for increasing productivity and efficiency in warehouses is rising swiftly as well. Attributed to this, different companies in the e-commerce industry are increasingly making use of automated guided vehicles. 

Automated Guided Vehicles Market

Also known as self-guided vehicles, automated guided vehicles are load carriers or material handling systems which travel throughout distribution centers, warehouses, or manufacturing facilities autonomously, i.e., without a driver or operator. For example, Amazon Inc. makes use of robots called drives for delivering large stacks of products to the human workforce. The robots follow a set path in the warehouse and have the ability to detect obstacles in their path. Owing to such attributes, the global automated guided vehicles market is expected to progress at a significant pace in the years to come. 

Forklift trucks, tow vehicles, assembly line vehicles, unit load carriers, and pallet trucks are the different types of automated guided vehicles, out of which, the demand for tow vehicles was the highest in the past. This is because of the rising replacement and adoption of traditional tow vehicles in different industries. Take for example Tesla Inc., a major automaker, which has deployed these vehicles in its Gigafactory. The machine makes use of navigational beacons for making its way through the production facility. 

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Geographically, North America emerged as the largest automated guided vehicles market in the past, which can be ascribed to the rapid integration of emerging technologies, such as internet of things, augmented reality, and virtual reality, in production and inventory management processes and increasing warehouse automation rate in the region. Apart from this, the demand for these vehicles is also expected to increase in the Asia-Pacific region, owing to the expanding e-commerce industry, automotive, and consumer electronics industries. Furthermore, the growing logistics industry in the region is also driving the demand for automated guided vehicles.

Hence, the demand for automated guided vehicles is predicted to increase due to the growth of the e-commerce industry and need for automation in warehouses.  

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Expanding E-Commerce Sector in India Creating Demand for Retail Logistics Services

The expansion of the e-commerce sector in India, owing to the rising urbanization rate, surging disposable income, and changing consumption patterns of customers, is creating a huge requirement for retail logistics solutions. Besides, the vast customer base of India, escalating internet penetration, and large-scale adoption of smartphones are also strengthening the e-commerce industry. Moreover, the increasing demand from customers for prompt delivery of essential goods at their doorsteps is leading to the launch of efficient logistics services.

India Retail Logistics Market Research Report

Apart from this, the rising adoption of digital freight brokerage in logistics services will boost the Indian retail logistics market growth during 2020–2030. Digital freight brokerage services allow on-demand delivery of goods and ensure the real-time tracking of the transported goods, which offers higher security and reduces the risk of loss in transit. Logistics firms opt for these services during periods of high demand, but not on a contractual basis. This allows companies to optimize their logistics operations, thereby making such services a cost-effective alternative.

At present, retail logistics services are mostly available in the tier-1 cities of India, including Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore. This is due to the presence of a large customer base in these cities and the high purchasing power of the customers here. According to the 2011 census, the population of the National Capital Territory (NCT) of Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore was 16.7 million, 18.4 million, 14.1 million, 7.7 million, 8.6 million, and 8.5 million, respectively.

Companies involved in the development of advanced logistics solutions for retail freight include First Flight Couriers Ltd., Gati Ltd., Blue Dart Express Ltd., FedEx Corp., Transport Corporation of India Ltd., DHL International GmbH, and All Cargo Logistics Ltd. These players in the Indian retail logistics market offer online and offline services. Of the two, online services will be adopted at the higher rate in the coming years. This will be due to the flourishing e-commerce industry, increasing internet penetration, and escalating use of smartphones in the country.

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Thus, the bolstering e-commerce industry and burgeoning demand for digital freight brokerage services will lead to the adoption of retail logistics solutions in India.

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