Automotive Industry Installing Safety Systems to Mitigate Road Accidents

The World Health Organization (WHO) estimates that nearly 1.3 million human lives are lost due to road traffic crashes worldwide. To reduce the incidences of road accidents and related deaths, the WHO has initiated a package of six strategies — Save LIVES. The components of this initiative are speed management, leadership, infrastructure design, vehicle safety standards, enforcement of traffic laws, and survival after a crash. The vehicle safety standards of this initiative mandate the installation of seat belts, child restraint anchorage points, anti-lock braking devices, and electronic stability control.

Thus, the increasing global concerns regarding the high prevalence of road accident fatalities will help the automotive safety system market prosper during 2020–2030. Apart from the international organizations, governments of various countries are also mandating the incorporation of vehicle safety features in passenger cars and commercial vehicles to reduce road accident cases. In the coming years, the burgeoning demand for passenger cars, especially luxury cars, owing to the mounting disposable income of people, will create a huge requirement for vehicle safety features worldwide.

Automotive Safety System Market

Active and passive safety systems being integrated into conventional and autonomous vehicles are offered by Robert Bosch GmbH, BYD Auto Co. Ltd., BorgWarner Inc., Continental AG, Bayerische Motoren Werke (BMW) AG, Magna International Inc., DENSO Corp., and Infineon Technologies AG. These companies are engaged in the development of hardware and software of the vehicle safety systems. In the upcoming years, they will be involved in the largescale development and distribution of safety software, owing to the surging adoption of automotive internet of things (IoT) solutions, advanced driver assistance systems (ADAS), connected vehicle technology, and vehicle telematics in the automotive industry. 

According to P&S Intelligence, North America led the automotive safety system market in the preceding years, due to the implementation of stringent vehicle safety regulations in the U.S. and Canada. For instance, the National Highway Traffic Safety Administration (NHTSA) issues Federal Motor Vehicle Safety Standards (FMVSS) to implement vehicle safety laws from the U.S. Congress. These laws enable the U.S. Department of Transportation (DoT) to achieve its mission to reduce and prevent vehicle crashes. 

Thus, the escalating need to reduce road accident cases and the increasing implementation of vehicle safety regulations will encourage the integration of safety systems in automobiles.  

Read More

Burgeoning Vehicle Production Propelling Automotive Transmission System Demand

The International Organization of Motor Vehicle Manufacturers (OICA) estimates that 77,621,582 vehicles were produced globally in 2020, of which 21,787,126 units were commercial vehicles and 55,834,456 units were cars. Thus, the burgeoning production and sales of vehicles, especially in the Asia-Pacific (APAC) and North American regions, is projected to fuel the integration of automotive transmission systems in vehicles in the near future.

Moreover, the rapid technological advancements and the surging disposable income of people in developing countries will also help the automotive transmission market prosper in the forthcoming years. For instance, the Reserve Bank of India (RBI) data reveals that the gross national disposable income and net national disposable income of India grew from INR 1,92,62,652 crore in the financial year (FY) 2018–2019 to INR 2,06,30,319 crore in the FY 2019–2020 and INR 1,72,83,028 crore in the FY 2018–2019 to INR 1,85,11,719 crore in the FY 2019–2020, respectively.

Automotive Transmission Market Report

The leading manufacturers of manual transmission systems and automatic transmission systems, such as dual-clutch transmission (DCT), automated manual transmission (AMT), and continuously variable transmission (CVT), include DENSO Corporation, Faurecia S.A., TRW Automotive Holdings Corp., Hitachi Automotive Systems, Continental AG, Hyundai Mobis Co. Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, BASF SE, Aisin Seiki Co. Ltd., Yazaki Corp., Sumitomo Electric Industries, Johnson Controls Inc., Lear Corp., Toyota Boshoku Corp., Magna International Inc., Delphi Automotive PLC, and JTEKT Corp.

According to P&S Intelligence, the APAC region leads the automotive transmission market, wherein China is the leading user of automotive transmission systems. The dominance of China can be attributed to the largescale automobile production and extensive demand for personal vehicles. The OICA states that China manufactured 5,231,161 commercial vehicles and 19,994,081 cars in 2020. Additionally, the mounting disposable income and accelerating urbanization in India and Thailand will also facilitate the adoption of automotive transmission systems in the region. 

Thus, the soaring automobile sale and production and the growing customer preference for enhanced comfort and smooth driving options will augment the usage of automotive transmission systems in the upcoming years.  

Read More

COVID-19 To Propel Personal Protective Equipment Demand Globally

International organizations and governments of several countries have implemented stringent regulations regarding occupational health and safety at workplaces, owing to which the manufacturing, construction, oil and gas, chemical and pharmaceutical, food and beverage, and transportation companies are using personal protective equipment (PPE) in abundance. For instance, the International Labor Organization (ILO) mandates the use of PPE items for workers who are exposed to hazardous substances. The working environment surveillance suggested by the ILO involves the identification and assessment of environmental reasons that might affect the health of the workers, such as the state of PPE equipment.

Personal Protective Equipment Market

To adhere to the occupational health and safety standards of the ILO, employers are providing PPE products for hand protection, hearing protection, respiratory protection, fall protection, and head, eye, and face protection along with protective clothing. According to the ILO, employers must consult workers or their representatives on suitable PPE items as per the nature of work and type and level of risks attached to the work. Apart from employers, workers should also ensure the proper usage of PPE kits to avoid any damage.

Moreover, the surging cases of COVID-19 cases have been facilitating the personal protective equipment market in the last one-and-a-half years. Coronavirus spread at the speed of lightning, and the only way to break the chain is the use of PPE items, such as surgical masks, examination gloves, gowns, N95 masks, surgical gloves, and face shields, by patients, frontline workers, and healthy people across the world. As there is no cure for this virus yet, people need to be cautious and use masks before stepping out of their house and while providing care to COVID patients.

With the rapid spread of coronavirus, PPE manufacturers, such as 3M Company, Uvex Safety Group, Alpha Pro Tech Limited, Honeywell, Rock Fall Limited, Ansell Ltd., JAL Group Italia SRL, Avon Rubber PLC, and JAL Group Italia SRL, are focusing on ramping up the production of PPE kits, surgical masks, surgical gloves, gowns, and examination gloves, for the medical fraternity and basic PPE items, such as masks, for civilians, to contain the spread of this virus. Additionally, the resurgence in the growth of the manufacturing sector is fueling the production of protective clothing, as this industry has high chances of fatalities.

Furthermore, the Asia-Pacific (APAC) personal protective equipment market is expected to witness considerable growth in the foreseeable future owing to the upcoming third wave of COVID-19 pandemic in countries such as India and expanding manufacturing sector in India, China, and Japan. The ongoing pandemic has severely affected the region in the last two years, and it is being projected that novel variants, such as Delta+, will affect more people in the coming years. For instance, the second wave of COVID-19 in India impacted millions of people. and the Delta variant will impact more people in the upcoming months, if precautions are not taken.

Thus, the growing incidence of COVID-19 and expanding manufacturing sector will accelerate the adoption of PPE products in the forthcoming years.

Read More

Asia-Pacific GIS Market To Prosper in Coming Years

The global geographic information system (GIS) market value stood at $8,185.9 million in 2020, and it is predicted to exhibit a CAGR of 11.6% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will reach a value of $24,607.7 million by 2030. 

The major factors fueling the expansion of the market are the surging investments being made in the GIS technology, abundant availability of cloud technology and spatial data, and burgeoning requirement for GIS solutions in the transportation sector. Geographically, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the GIS market in the coming years. 

This is ascribed to the growing urbanization rate and burgeoning need for geographic information systems in regional countries, such as India and China. Moreover, the governments of the regional countries have extensively used GIS solutions for various military applications in recent years in order to improve homeland security and infrastructure. The GIS market is highly consolidated in nature and the players are actively focusing on product launches and mergers and acquisitions in order to bolster their presence in the industry. 

For example, Hexagon AB completed the acquisition of Immersal Oy, which is a provider of visual positioning and spatial mapping solutions which are used in augmented reality (AR) applications, in July 2021. With the help of this acquisition, the company started providing onsite deep insights, thereby improving the field of view with the aid of superimposed digital information.

Amongst these, the government sector held the largest share in the market in the past, as it extensively used GIS for several applications, such as information and data collection on natural calamities, urban and rural planning, and community planning. Besides developed nations, the governments of developing countries are also making huge investments in data-based and digital GIS technologies for rural and urban planning, optimal natural resource usage, and public health improvement.

Hence, the demand for GIS solutions will soar in the coming years, primarily because of their surging requirement in the transportation sector.

Read More

Toughening Emission Control Laws Fueling Injector Nozzle Demand

An injector nozzle is used to inject the prescribed volume of fuel inside the combustion chamber after receiving a signal from electronic sensors in the automobile. The fuel enters the nozzle at a high pressure, which is then passed through extra thrust into the engine cylinder. The fuel is injected in the nozzle in the form of spray. As injector nozzles help in reducing emission from the engine and maintaining the engine performance, nozzle shape, injector sac, injector seat, and size of the nozzle hole are precisely monitored while making them.

Automakers around the world are increasingly installing injector nozzles in their offerings to comply with the toughening vehicle emission standards, owing to which, the injector nozzle market will prosper in the upcoming years. For instance, the Euro 6 standards caused a sharp reduction in nitrogen oxides (NOx) emission from light-duty vehicles from 2.0 g/kWh to 0.4 g/kWh in steady-state testing and from 2.0 g/kWh to 0.46 g/kWh in transient testing. 

According to P&S Intelligence, the North American injector nozzle market advanced at the highest rate in the preceding years due to the huge requirement for domestic vehicles in the region. Moreover, the toughening emission laws of the U.S. will also encourage the integration of injector nozzles in automobiles in the region. For instance, the U.S. Environmental Protection Agency (EPA) has laid down the Heavy-Duty Highway Engine: Clean Fuel Fleet Exhaust Emission Standards and Phase 1 Greenhouse Gas Emission Standards and Fuel Efficiency Standards for Medium- and Heavy-Duty Engines and Vehicles to reduce emission from medium- and heavy-duty vehicles.

In the coming years, the demand for injector nozzles is expected to soar in Asia-Pacific (APAC). This will be due to the surging vehicle demand, lowering the production cost of automobile parts, and increasing implementation of stringent emission norms. For instance, according to the OICA, 19,994,081 cars and 5,231,161 commercial vehicles were manufactured in China in 2020. Furthermore, the implementation of emission norms, such as Bharat Stage VI (BS-VI) in India, is resulting in the large-scale installation of injector nozzles in vehicles in the region.

Thus, the increasing implementation of stringent vehicle emission norms and booming automobile sales and production will create a huge requirement for injector nozzles worldwide.  

Read More

Surging Carbon Emissions Driving Electric Aircraft Sales

With the surging air pollution levels and rising carbon emissions, the governments of many countries are focusing on promoting the adoption of electric aircrafts. Moreover, the increasing implementation of regulatory environment regulations and carbon emission policies in several countries is also fueling the demand for electric aircrafts. For instance, Norway is aiming to deploy aircrafts powered by electricity in order to mitigate the emission of greenhouse gases by 2040. In addition, the Government of Norway wants aircraft manufacturing companies to manufacture a 30-seat airliner powered by electric motors, that can be officially launched by 2025. 

Similarly, a JetBlue Airways, Zunum Aero, and Boeing Co. backed startup announced in May 2018 that it intends to launch its first hybrid-electric plane by 2022. Furthermore, the rising number of airline passengers is also positively impacting the worldwide requirement for aircrafts that are easier to maneuver, safer, and create less noise. Besides these factors, the lower cost of ownership of electric aircrafts is also fueling the expansion of the global electric aircraft industry. 

Electric Aircraft Market Report | P&S Intelligence 

Geographically, the deployment of these aircrafts is expected to rise considerably in North America in the forthcoming years, with the U.S. predicted to become the largest electric aircraft market in the upcoming years. The Environmental Protection Agency (EPA) has recently laid down regulations pertaining to the emission of greenhouse gases by aircrafts. Moreover, the increasing research activities and rapid technological advancements are also expected to fuel the demand for electric aircrafts in the country in the upcoming years. 

With the enactment of such strict regulations by the governments of other countries, the sales of electric aircrafts are surging sharply. This is also encouraging original equipment manufacturers (OEMs) to penetrate newer markets in both developing and developed nations. In addition, the burgeoning requirement for the adoption of fuel cells in electric aircrafts, advent of technologically advanced battery parts and materials, and emergence of next-generation asynchronous propeller technology in order to cater to the needs of consumers are predicted to push up the sales of electric aircrafts in the coming years. 

Hence, it can be safely said that the demand for electric aircrafts will rise enormously in the coming years, mainly because of the burgeoning need for environment-friendly aircrafts all over the world. 

Read More

Increasing Internet Penetration Driving Marketing Automation Market Expansion

From $4,438.7 million in 2020, the global marketing automation market revenue is predicted to surge to $14,180.6 million by 2030. As per the forecast of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 12.3% from 2020 to 2030 (forecast period). The market is being propelled by the growing adoption of digital marketing, soaring use of social media platforms, and increasing adoption of marketing automation software by small and medium enterprises (SMEs) across the world.

With the growing penetration of the internet, both large and small and medium enterprises are increasingly focusing on adopting digital marketing to stay ahead of the competition. Moreover, they are incorporating automation tools for advertising their products and services on various channels, such as social media, web, and email, and improving the lead nurturing process. 

Additionally, global digital ad spending is predicted to surpass $450.7 billion by the end of 2021, accounting for over 50% of the total ad expenditure. Germany, the U.K., Japan, China, and the U.S. are some of the top digital marketing investors around the world. Another major marketing automation market growth driver is the growing adoption of automation software by SMEs. 

Currently, SMEs, whose number stands at 4 million across the globe, hold a large number of shares in various enterprises around the world. As per the World Bank, they represent around 90% of the businesses and over 50% of the employees. The mushrooming number of SMEs is predicted to push up the requirement for automated marketing operations. Depending on deployment, the market is divided into on-premises and cloud categories.

This market research report provides a comprehensive overview of the market

• The 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

Read More