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North American Autonomous Car Market its Future Outlook and Trends – Auto Tech Business Blog. With the surging demand for safe and efficient driving options and advancements in electric and connected car technologies, the demand for autonomous cars is growing rapidly in North America.
Moreover, the federal and the state governments in the region are enacting policies for promoting the adoption of these cars. Every year, the region is witnessing the enactment of a large number of legislations regarding autonomous vehicles. For instance, in the U.S., 15 states enacted as many as 18 autonomous vehicle related legislations, while 29 states passed autonomous vehicle related policies in 2018. Besides the aforementioned factors, the mushrooming popularity of connected cars is also fueling the demand for autonomous cars in the region. These cars are equipped with advanced systems and features such as traffic and collision warnings, real-time traffic monitoring, road side assistance, and smartphone connectivity with vehicle. Like this: Like Loading... Uncategorized. Booming E-Commerce Industry Fueling Two-Wheeler Logistics Market Growth.
The global two-wheeler logistics market revenue stood at $57,260.0 million in 2020, and it is predicted to rise to $355,631.2 million by 2030.
According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 20.0% from 2020 to 2030 (forecast period). The major factors driving the expansion of the market are the cost-effectiveness and convenience of these services, surging e-commerce industry, and incorporation of the real-time tracking technology. In 2020, e-commerce sales accounted for nearly 16% of all retail sales across the world, registering an increment of around 19% from 2019. Further, this share is predicted to rise to 18% by 2021. ResearchNews2021: Electric Vehicle Component Market Key Trends And Opportunity Areas by Leading Players. The increasing implementation of favorable government policies regarding electric vehicle deployment in several countries is positively impacting the worldwide demand for electric vehicle components.
The governments of many countries are also providing financial incentives in the form of tax exemptions and purchase rebates for augmenting the sales of electric vehicles. For example, in the U.S., an Internal Revenue Service (IRS) tax credit of $2,500 to $7,500 is provided on the purchase of a new electric vehicle by the federal government. Automotive World News 2021: Electric Bus Market to Record CAGR of 48.8% and Increase in Revenue by 2025. With the rapid deterioration of the environment and the escalating air pollution levels, owing to the large-scale usage of oil and gas-powered vehicles, the Indian government is enacting policies for facilitating the adoption of electric vehicles, including electric buses, in the country.
For instance, the Ministry of Heavy Industry and Public Enterprise announced the eligibility criteria for electric passenger vehicles, two- and three-wheelers, and buses, as per which, the manufacturers and buyers of these vehicles will be able to avail the various benefits of the FAME II (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) in March 2019. Additionally, the government announced the plan for the deployment and procurement of 5,585 electric buses all over the country in August 2019, which when completed is predicted to result in savings of 1.2 billion liters of fuel. How Is Autonomous Vehicle Deployment Supporting Driving Simulator Market Growth? Factors such as the burgeoning demand for vehicles, soaring number of research and development (R&D) initiatives in the domain of advanced driver-assistance systems (ADAS), and surging demand for skilled drivers, owing to the high road accident rate, will facilitate the driver simulator market during the forecast period (2020–2030).
According to P&S Intelligence, the market revenue stood at ~$2 billion in 2020. Moreover, the surging need for skilled commercial vehicle drivers for logistics services will support the market growth in the foreseeable future. In recent years, the advent of autonomous vehicles has become a prominent market trend. Automakers across the world are heavily investing in the development of components, such as sensors and processors, that are installed in autonomous vehicles. Why will Demand for Automated Valet Parking Technology Soar in North America in Coming Years? ~ Prescient & Strategic Intelligence. The mushrooming requirement for hassle-free, user-friendly, and more efficient parking systems is fueling the demand for automated valet parking technology.
Because of the increasing road congestion, people are finding it very difficult to find proper parking spaces, which is consequently leading to increased cost, time, and distance of the parked vehicle from the destination point of the user. Owing to this factor, the popularity of the automated valet parking technology is surging, which is fueling the expansion of the global automated valet parking technology market. Furthermore, the industry is predicted to exhibit rapid expansion from 2020 to 2030 (forecast period). Additionally, this technology assists in freeing up and optimizing the available parking space, which is enabling people to find proper vehicle parking spots. Thailand Micromobility Market- Rising Environmental Concerns Aiding Market Growth – Auto Tech Business Blog. Factors such as the burgeoning demand for efficient transportation systems and increasing availability of cost-effective micromobility services are expected to drive the Thailand micromobility market at a robust CAGR, of 98.7%, during the forecast period (2021–2030).
According to P&S Intelligence, the market was valued at $11.8 million in 2020 and it is expected to generate $15,102.1 million revenue by 2030. Moreover, the soaring air pollution levels and rising traffic congestion will also augment the demand for micromobility services in the country. At present, the demand for micromobility services in Thailand is driven by the escalating demand for efficient transportation systems to bridge the first- and last-mile connectivity. First- and last-mile refers to the distance that commuters have to cover between a transportation hub to their point of origin or destination. Like this: Like Loading... Why Are Countries Legalizing Cannabidiol (CBD)? » Businesstrendnews.
Current Market Point: Baby Diaper Market Assess the Trends, Opportunities and Competition in the Market. The number of working women across the globe has been rising rapidly, as people are becoming more aware regarding equal rights and providing equal opportunities for both men and women.
For example, as per the World Bank, between 1990 and 2013, the percentage of women in workforce increased by 4% in 60 nations. How Is Rising Number of Trade Routes Driving Reefer Container Market Growth? A number of factors, such as the burgeoning demand for pharmaceutical drugs, rising number of trade routes, and flourishing e-commerce sector, are expected to drive the reefer container market at a CAGR of 8.0% during the forecast period (2020–2030).
According to P&S Intelligence, the market size is projected to surge from 3,169.2 thousand twenty-foot equivalent units (TEU) in 2019 to 7,063.3 thousand TEU by 2030. Moreover, the advent of real-time tracking technology has also contributed to the market growth, worldwide. The increasing number of trade routes is creating an extensive demand for reefer containers across the world. A single trade route includes long-distance arteries, which are further connected to smaller networks of non-commercial and commercial transportation routes. The trade routes are logistical networks of pathways and stoppages that allow transportation of goods to near and distant markets. Automotive Infotainment Market Size, Demand, and Business Analysis, 2030 - Market Research - Nyack, NY. The burgeoning requirement for human machine interface (HMI) systems and booming sales of passenger vehicles are fueling the demand for automotive infotainment systems across the world.
For instance, Nissan has announced it has started the development of self-driving cars for replacing human requirement for operating the vehicle. These systems provided various advantages such as improved scheduling and routing, reduced operating costs, and enhanced driver productivity. According to the India Brand Equity Foundation (IBEF), the production of automobiles in India grew at a CAGR of 2.36% from FY16 to FY20 and reached 26.36 million units in FY20. Electric Car Market Analyzed With Trends And Opportunities - Article Cluster. According to the International Energy Agency (IEA), 2.3 million electric cars were sold across the world, in 2020. High volume sales of electric vehicles (EVs) can be attributed to the stringent government emission norms, on account of the rising environmental pollution concerns.
Over the last decade, greenhouse gas (GHG) levels have significantly surged due to the vast number of fossil fuel-based automobiles operating on global roads. Commercial Electric Vehicle Market is Poised to Drive Accelerated Expansion in Coming Years: PS Intelligence. The World Bank estimates that nearly 35% of the Indian population and 87% of Brazil’s population resided in urban areas in 2020. The World Bank also states that 185,081,850 people and 481,980,330 people resided in urban areas in Brazil and India, respectively, in 2020. Thus, the high urbanization rate here will augment the production and adoption of commercial electric vehicles (EVs), owing to the increasing air pollution levels caused due to conventional commercial vehicles. Moreover, the improving operational efficiency and declining cost of batteries will fuel the commercial electric vehicle market at a robust CAGR of 13.3% during 2018–2025. The market was valued at $144.5 billion in 2017, and it is projected to generate $362.7 billion revenue by 2025.
Why is Use of Electric Vehicles and Robotics Surging in Mining Operations? ~ Prescient & Strategic Intelligence. The mushrooming requirement for automated systems in mining operations is fueling the use of electric vehicles and robotics in the mining sector. Historically, the mining industry has been a highly labor-intensive industry. However, with rapid technological advancements, the increasing implementation of government regulations aimed at promoting workforce safety, and the hurdles and obstacles associated with finding skilled workers, the adoption of automation is rising in the industry.
Besides, the rapid digital transformation and the surging incorporation of advanced technologies are also providing lucrative growth opportunities to mining companies. Moreover, many mining companies are increasingly focusing on enhancing production, improving efficiency, making the overall work environment less hazardous and safer, and reducing the overall cost. Automotive Telematics Market Outlook For Germany - Market Research - Nyack, NY. The people of Germany are increasingly adopting automotive telematics solutions due to the increasing preference for smooth road traffic and safe driving alternatives. Road traffic, grave injuries, and mortality are a few unfavorable outcomes of road transportation, the major cause of which is human error.
Failure to pay attention, speeding, and keeping a risky distance from the vehicle in front are primarily responsible for road accidents. The Federal Statistical Office (Destatis) reveals that 1,281 people lost their lives in the first half of 2020 in Germany due to such issues. As a result, the Government of Germany has been supporting the deployment of telematics solutions in vehicles by implementing several regulations.
Japan Micromobility Market - Rising Environmental Concerns Aiding Market Growth. The Japanese micromobility market reached a value of $39.4 million in 2020, and it is predicted to demonstrate a CAGR of 78.7% from 2021 to 2030 (forecast period). According to the estimates of P&S Intelligence, a market research organization based in India, the market will generate a revenue of $11,663.0 million by 2030. The market is being driven by the soaring concerns being raised over the rising air pollution levels and transportation costs, surging need for efficient transportation systems for commuting short distances, and increasing demand for lesser road congestion.
Current Market Point: U.A.E. Fragrance Market to See Massive Growth by 2030. The U.A.E. fragrance market revenue stood at $720.2 million in 2020 and it is predicted to demonstrate a CAGR of 8.3% from 2020 to 2030 (forecast period). Demand for Electric Two Wheelers will Skyrocket in the Europe in the Future Years – Mobility World. Revenue Explosion Expected in Global Automotive Busbar Market Between 2021 and 2030 ~ Prescient & Strategic Intelligence.
The global automotive busbar market reached a value of $17.4 million in 2020, and it is predicted to progress at a CAGR of 24.6% between 2021 and 2030. Electric Scooter and Motorcycle Market Revenue, Trend and Forecast to 2025 - Market Research - Nyack, NY. Automotive World News 2021: Taiwan Micromobility Market Future Estimations Till 2030. The Taiwanese micromobility market is expected to advance at an exceptional CAGR of 61.3% during the forecast period (2021–2030), due to the increasing need to reduce traffic congestion and air pollution, mounting public focus on curtailing transportation costs, and burgeoning demand for efficient transportation systems for short distance commute in the country. According to P&S Intelligence, the market was valued at $47.3 million in 2020, and it is expected to generate $5,981.6 million revenue by 2030. Surging Vehicle Production Driving Worldwide Demand for Automotive Clutches ~ Prescient & Strategic Intelligence.
Razor Market Growth, Trends and Demand Forecast to 2030 - Write on Wall "Global Community of writers" Color Cosmetics Demand Expected to Shoot Up in U.A.E. in Coming Years. A number of factors, such as the growing disposable income of people, rising public consciousness regarding physical appearance, escalating demand for organic color cosmetic products, booming population of working women, soaring number of digital marketing channels and influencers, and mounting investments in advertising and marketing campaigns are expected to drive the U.A.E. color cosmetics market at a CAGR of 7.6% during the forecast period (2020–2030). The market was valued at $370.6 million in 2020, and it is projected to generate $769.7 million revenue by 2030. Color cosmetics demand in the U.A.E. is currently driven by the increasing consciousness about physical appearance among people.
The U.A.E.’s populace, especially young working females, is opting for eye shadow palettes, hair color products, nail paints, and lipsticks to enhance their physical appearance. In recent years, product launches have become a prominent trend in the U.A.E. color cosmetics market. ResearchNews2021: Nutricosmetics Market is Poised to Drive Accelerated Expansion in Coming Years: P&S Intelligence. Automotive World News 2021: How Are Technological Advancements Strengthening Logistics Industry? ResearchNews2021: Electric Vehicle Communication Controller Market Hit Almost $553 Million Figure By 2024. Automotive Thermoplastics Market Set to Exhibit Tremendous Growth in Coming Years. Increasing Car Sales Facilitating Car Security System Demand. Electric Bus Market Demand Expected to Shoot Up in India in Coming Years.
Automotive World News 2021: E-Mobility Services Market to Witness Robust Growth in Coming Years. Demand for Automated Valet Parking Booming Globally – Mobility World. Autonomous Commercial Vehicle Market Trends, Growth Demand, Opportunities & Forecast To 2030 – Auto Tech Business Blog. Why is Start–Stop Technology Market Blossoming in China? What are Key Factors Driving the Growth of India Two-Wheeler Sharing Market? Why will U.S. Animal Healthcare Market Boom in Future? U.S. Shower Glass Door Market is Slated to Grow Rapidly in the Forthcoming Years with Top Leading Players. ResearchNews2021: Surging Tourist Footfall Fueling Shower Glass Door Demand in Mexico. Boom Expected in Helicopters Market in Future. India Shared Mobility Market to Witness Robust Growth in Coming Years » Businesstrendnews. ResearchNews2021: U.A.E E-Commerce Automotive Aftermarket to Record CAGR of 14.8% and Increase in Revenue by 2025. North America To Dominate Meat Substitutes Market during 2021–2030 ~ Prescient & Strategic Intelligence.
Electric Massager Equipment Market Statistics, Development and Growth 2030. My Trending Stories Console. Asia-Pacific Autonomous Commercial Vehicle Market Set for Rapid Expansion in Future – Business News Blog 2020. Increasing Ethnic Cuisine Popularity Steering Sauces Consumption in U.S. Growing Trend of Eating Out Driving Demand for Frozen Bakery Items ~ Prescient & Strategic Intelligence. Why will Use of Truck Platooning Soar in North America in Coming Years? ~ Prescient & Strategic Intelligence. Asia-Pacific Fuel Cell Electric Vehicle Market To Boom in Near Future. Electric Car Market Set for Prosperity in Future.
India Electric Vehicle Battery Swapping Market Analyzed With Trends And Opportunities By 2030. Automated Valet Parking Technology Market Set to Exhibit Tremendous Growth in Coming Years – Auto Tech Business Blog. Peer-to-Peer Carsharing Demand Expected to Shoot Up in Asia-Pacific in Coming Years » Businesstrendnews. India Electric Bike Market Hit Almost 1,080.5 Thousand Units Figure By 2025. Electric Bike Industry Set to Exhibit Tremendous Growth in Coming Years – Business News Blog 2020. Hybrid and Electric Vehicle Battery Market its Future Outlook and Trends – Mobility World. India Electric Rickshaw Market to Record CAGR of 33.3% and Increase in Revenue by 2025. What are Main Factors Responsible for Surge in Global Baby Food Market? Demand for Organic Personal Care Products Booming Globally. Automotive Differential Industry Size 2020-2030 Key Trends And Opportunity Areas by Leading Players – Mobility World.
Automotive Diagnostic Scan Tools Market its Future Outlook and Trends. Automotive World News 2021: How Are Technological Improvements Driving Automotive Data Logger Market? ResearchNews2021: Automotive Lithium-Ion Battery Market to Grow at a Healthy 15.9% Value CAGR Throughout 2024. Connected Motorcycle Market Demand, Investment Feasibility and Forecast to 2030 » Businesstrendnews. Battery Swapping Technology for Electric Two- and Three-Wheelers.
Current Market Point: Kick Scooter Market Set for Prosperity in Future. What is the Potential Demand for Baby Food. Saudi Arabia Color Cosmetics Market to Witness Robust Growth in Coming Years - Write on Wall "Global Community of writers" ResearchNews2021: Demand for Dairy Alternatives Booming Globally. Electric Rickshaw Battery Market Set to Exhibit Tremendous Growth in Coming Years. Scooter Sharing Market Opportunities, Growth, Challenges, Business Trends and Forecast 2025. Global Razor Market- Pre & Post COVID-19 Impact Analysis, Key Players and Growth Analysis » Businesstrendnews. U.S. Beauty Products Market to Witness Robust Growth in Coming Years. What is Biggest Trend Currently Witnessed in Automotive LiDAR Market? » Businesstrendnews. Electric Vehicle Component Market Evolving Opportunities with Top Key Players, 2025 -
Electric Off-Highway Vehicles Market Size, Status, Top Players, Trends in Upcoming Years. Truck Platooning Market Predicted to Surge in Coming Years. Surging Vehicle Production Driving Worldwide Demand for Automotive Clutches ~ Prescient & Strategic Intelligence. Demand for Shared Mobility Surging in India. Demand for Electric Scooters and Motorcycles will Surge Sharply in North America. ResearchNews2021: Technological Advancements Propelling Fuel Cell Vehicle Market Growth. Organic Trace Minerals Market Analyzed With Trends And Opportunities By 2030 » Businesstrendnews.
Facial Care Market to Witness Robust Growth in Coming Years. On-Board Charger Market Outlook and Opportunities in Grooming Regions. In-Vehicle Connectivity Demand Propelling Automotive Data Logger Market Growth. Push Toward Eco-Friendly Mobility Fueling CNG & LPG Vehicle Sales. Demand for Automatic SPRs – Industry Quantitative Analysis, Current and Future Trends » Businesstrendnews. Current Market Point: COVID-19 Impact on the Automotive Tire Market. What are Key Factors Driving the Growth of Automotive Ultrasonic Sensors?
Automotive Turbocharger Market: What are the Key Growth Factors? – Mobility World. Tremendous Growth Expected in Global Automotive Battery Market in Coming Years – Current Market Point. Automotive World News 2021: V2V Communication Market: What are the Key Growth Factors? Rising Autonomous Vehicle Demand To Boost Power Liftgate Market Growth ~ Prescient & Strategic Intelligence. India Electric Vehicle Battery Swapping Market - Pre & Post COVID-19 Impact Analysis, Key Players and Growth Analysis. Automated Valet Parking Technology Market its Future Outlook and Trends – Auto & Transportation World. Increasing Enactment of Strict Emission Norms Fueling Drive By Wire Market Growth ~ Prescient & Strategic Intelligence. India Interior Design Market Progresses for Huge Profits During 2021 to 2030.
Sharp Surge Expected in Frozen Bakery Market in Coming Years. ADAS Features Enhancing Vehicles’ Safety and Comfort Quotient. Rising EV Sales Driving Indian Electric Vehicle Supply Equipment Market Growth.