Immediate Short-Term Impact of COVID-19 Pandemic on Electric Vehicle Industry

 Due to the rising pollution and increasing public awareness about the toxic emissions released from fossil fuel-powered vehicles, the global electric vehicle market has observed a sharp surge in recent years. Moreover, the enhanced safety and comfort provided by the electric vehicles and the implementation of several favorable government initiatives in many countries have caused the rapid advancement of the market during the last few years, especially from 2014 to 2019.

Due to this expansion, the global electric car fleet in 2019 recorded a growth of over 40% from 2018 and later surpassed 7.2 million units at the end of the year. According to reports, 2.1 million units of electric vehicles were sold all over the world in 2019. Many industry experts predicted that 2020 would be an even better year for the market. However, the COVID-19 pandemic had other plans.

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According to the forecast of the market research firm, P&S Intelligence, the market would register a fall of as much as 43% from the previously expected pre-COVID forecast for 2020. Furthermore, the sales of electric vehicles would fall to only 1.8 million units in 2020, which is a considerable reduction from the global sales observed in 2019. China, which is the biggest electric vehicle market in the world, recorded a huge fall in electric vehicle sales because of COVID.

Hence, it is safe to say from the above paragraphs that the COVID-19 pandemic has significantly affected the progress of the market and as a result, the market would now fall sharply all over the world in the coming months. However, the market would rebound strongly once the COVID situation improves and start exhibiting rapid expansion throughout the world.

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How are Technological Advancements Driving Cooperative Vehicle Infrastructure System Market?

The development of technologies such as internet of things (IoT) and artificial intelligence (AI) have had a positive impact on the automotive industry, just like many other industries. These technologies are increasingly being utilized in vehicles to make them safer and more efficient in order to provide consumers with enhanced driving experience. In addition to this, the focus on development of autonomous cars has increased significantly as well. Because of strong economic growth and increasing disposable income of people, the demand for autonomous vehicles is predicted to increase considerably in the near future.

Ascribed to these factors, the global cooperative vehicle infrastructure system market is expected to grow at a substantial pace in the years to come. CVIS is provides by original equipment manufacturers (OEM) and third-party service providers. This is divided on the basis of solutions and connection hardware that are provided. The data collected via IoT is analyzed and is utilized for taking intelligent decisions regarding policy making and business. In terms of communication, the CVIS is divided into vehicle-to-everything (V2X) and vehicle-to-infrastructure (V2I), between which, the demand for V2I was higher in the past.

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Hence, the demand for CVIS is growing due to technological advancements, development of IoT and AI, rising penetration of autonomous and connected cars, and increasing focus on enhancing the safety of drivers and pedestrians.

This study covers                                           

·         Historical and the present size of the cooperative vehicle infrastructure system 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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COVID-19 Leading ToSupply Chain Constraints for Logistics Industry

The impact of COVID-19 on the logistics industry has been quite negative, as the growth of the industry has slowed down due to the nationwide lockdown in most of the affected countries. Owing to the growth in e-commerce activities, increase in the disposable income of customers, and rapid urbanization in emerging economies, such as India and China, the logistics industry had been growing in recent years. Seeing the rising need for the transportation of goods, many new companies were entering the logistics space before the pandemic arrived.

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TheCOVID-19 impact analysis on the logistics industry reveals that trading activities between nations were discontinued to contain the spread of the virus, which disrupted the supply chain. For instance, the supply chain of China is operational across countries including India, South Korea, Japan, Hong Kong, Singapore, the U.K., Spain, Italy, and Germany, all of which are badly jolted by the pandemic. Apart from China, all these nations exchange essential and non-essential items with each other; the interconnected logistics operations have been the reason the entire industry is feeling the effects of COVID-19.

To revitalize the logistics industry during the pandemic, market players are making tactical changes and framing backup policies. These measures, according to the COVID-19 impact analysis on the logistics industry, will help service providers bounce back on the recovery road, by delivering the goods that are stuck in warehouses. Major logistics companies taking such measures include Supply Chain Solutions and Geodis, Deutsche Post DHL, The Maersk Group, Panalpina, Kuehne+ Nagel, DB Schenker Logistics, Dsv Global Transports and Logistics, and C.H. Robinson.

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This slowdown, however, is temporary, and the industry is already on the recovery road, with the relaxing of the lockdowns and measures being taken by the players. As soon as the pandemic is over, transportation and trade activities will resume to their original scale, which will, in turn, revive the logistics industry.

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Why Will Governments Adopt Geographic-Information-System (GIS) to Deal with Natural Calamities?

Geographically, North America was the dominating region in the GIS in disaster management market during 2014–2019. The U.S. is expected to be the major market for GIS-enabled disaster management solutions in the near future. As mentioned in a report by P&S Intelligence, Florida, Alabama, and Georgia had to deal with more than 30 tornadoes in March 2019.

Emergency management organizations, such as the National Weather Service (NWS) of the U.S., have effectively adopted this technology to track and map the path of tornadoes, to get details about their length, magnitude, and start and endpoints. Keeping in view the changing climatic conditions and surging number of natural disasters the governments of Asia-Pacific countries are also incorporating GIS-based applications to deal with ecological uncertainties.



Countries including China, India, Japan, the Philippines, and South Korea often deal with disasters, such as floods and cyclones, which leave a long-term impact, causing huge loss of life and property. To deal with such loss and minimize the effects, government agencies are adopting the GIS technology. The focus of these countries is on the adoption of platforms that support in better understanding and responding to natural mishaps.

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The end user segment of the GIS in disaster management market is categorized into government, aerospace and defense, oil and gas, energy and utilities, healthcare, chemicals, construction, and hospitality. Of these categories, government is the largest and fastest-growing end user of the GIS technology for the mitigation of natural disasters. This is due to the governments' focus on the collection of real-time geospatial data to plan the allocation of resources and design the rescue operations in times of calamities.

All these benefits mitigate the loss of life and property to a significant extent. The increasing frequency of natural disasters, thus, requires the adoption of GIS-based technology to minimize the losses. This is even truer in present times, as geographic information systems are being used to analyze the COVID-19 impact and number and distribution of the infected.

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Anode Material for Automotive Lithium-Ion Battery Market Upcoming Demands & Growth Analysis 2030

The global anode material for automotive Li-ion battery market is predicted to generate a revenue of $1,348.6 million by 2030, increasing from $707.2 million in 2019, progressing at a 5.7% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The reducing prices of anode materials and rising sales of electric vehicles are the major driving factors of the market. In terms of type, the market is divided into silicon compound, amorphous carbon, lithium-titanate oxide (LTO), artificial graphite, and natural graphite.

Out of these, the artificial graphite division held the major share of the anode material for automotive Li-ion battery market in 2019, and is predicted to retain its dominance during the forecast period as well. This material has a number of advantages over other anode materials, including better recycling performance, improved power output and/or energy density, and lower cost. The LTO division is projected to progress at the fastest pace during the forecast period.

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Geographically, the Asia-Pacific region accounted for the largest share of the market during the historical period (2014–2019), and it is further projected to dominate the market during the forecast period. The increasing adoption of electric vehicles, owing to the enhanced government, especially in China, is leading to the growth of the regional domain. The demand for anode material in the region is also growing due to the surging environmental concerns and lower total cost of ownership for electric vehicles as compared to conventional vehicles.

Hence, the market is being driven by the increasing demand for electric vehicles and rising investments in the domain.

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Why Does Nebulizer Market Majorly Cater to Geriatric Population?

Within less than a year of being detected in December 2019, the novel coronavirus (COVID-19) had infected more than 38 million and killed over a million people till mid-October 2020, and both these counts are rising with every passing day. This has crippled the global healthcare sector, with inventories of everything, from testing kits and syringes to beds and ventilators, depleting fast. Thus, governments are making an all-out effort to procure all the necessary stuff to make patients comfortable and treat them.

As per P&S Intelligence, due to the havoc being wreaked by the COVID-19 pandemic, the nebulizer market will witness steady growth, from $765.1 million in 2019 to $1,698.1 million by 2030, at a 7.4% CAGR between 2020 and 2030. Nebulizers are used to aerosolize medication, so that it can be delivered straight into the lungs, via the nose. There are three main types of nebulizers available: mesh, pneumatic, and ultrasonic, among which people are most likely to be treated with a pneumatic variant.

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The major reasons for the increasing incidence of chronic respiratory diseases are smoking, air pollution, and genetic factors. Highlighting the big issue that air pollution has become, the WHO says, “Air pollution kills an estimated seven million people worldwide every year.” With the increasing consumption of fossil fuels at power plants, houses, industries, and automobiles, a rising amount of GHGs is being released into the atmosphere, choking up people’s lungs, taking their lives.

In the years to come, the fastest growth in the nebulizer market is set to be witnessed in the Asia-Pacific (APAC) region. Regional cities are some of the most polluted on earth, with an air quality index (AQI) of more than 200 becoming an almost-everyday occurrence in Delhi. Furthermore, as per the WHO, more than 70% of COPD deaths take place in low- and middle-income countries, a lot of which are in APAC. To make matters worse, India, China, and Japan are home to a large population of smokers, which also increases the prevalence of respiratory diseases.

Therefore, with the increasing cases of COVID-19 and other lung diseases, the demand for nebulizers will pick up.

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Europe Automotive Telematics Market to Register Robust Growth of 6.6% during 2018-2025

The European automotive telematics market attained a value of $7,340.3 million in 2019 and is predicted to advance at a CAGR of 16.1% between 2020 and 2030. Furthermore, according to the forecast of P&S Intelligence, a market research firm based in India, the market would generate a revenue of $37,249.8 million in 2030. The burgeoning requirement for advanced safety features in automobiles and the increasing implementation of supportive government policies are the main factors fueling the expansion of the market.

The rising prevalence of road accidents is the biggest factor responsible for the increasing requirement for enhanced safety features and systems in vehicles. Human error is one of the leading causes of road crashes and casualties in Europe and the rest of the world. According to the Community database on Accidents on the Roads in Europe published in 2018, in the European Union (EU) member countries, 25,600 people lost their lives in road accidents in 2016.

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Based on service, the European automotive telematics market is divided into infotainment and navigation, safety and security, remote diagnostics, insurance telematics, fleet/asset management, and vehicle-to-everything (V2X). Out of these, the safety and security category is predicted to demonstrate the highest growth rate in the market, in terms of value, in the future years. The market recorded the highest growth in Germany in the years gone by and this trend is likely to continue in the upcoming years as well.

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Hence, it can be said with full surety that the market would exhibit substantial growth in the upcoming years, mainly because of the rising requirement for advanced safety features and systems in automobiles and the growing enactment of favorable government policies and regulations regarding the integration of advanced safety features in vehicles in the region. 

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