Market News Point

 The rapidly rising sales of electric vehicles (EVs) are pushing up the requirement for electric vehicle components in India. According to many surveys, 447.7 thousand electric three-wheelers, 2,000 electric passenger cars, and 32.4 thousand electric two-wheelers were sold in the country in 2019, which, in turn, augmented the need for electric vehicle components. Furthermore, the implementation of favorable government regulations and the degrading air quality levels are boosting the sales of EVs in the country. According to experts, the transport sector contributes nearly 40% of the total carbon emissions. Request to Get the Sample Report@  https://www.psmarketresearch.com/market-analysis/indian-electric-vehicle-component-market/report-sample Additionally, the growing replacement rate of EV components and parts will cause the expansion of the EV component industry in India in the future. Due to these factors, the Indian electric vehicle component market revenue attained a val...

The increasing popularity of autonomous and luxury vehicles and the rising integration of advanced safety features in automobiles are some of the major factors fuelling the surge in the adoption of camera modules in automobiles across the world. Furthermore, the mushrooming incidence of road mishaps and accidents is boosting the growth of the insurance companies, who are in turn, promoting the incorporation of complementary metal-oxide semiconductor (CMOS) sensors such as camera module sensors having several features and affordable costs in vehicles all over the world. The increasing number of regulations and policies being implemented by the governments of several countries for mandating the adoption of multi-purpose cameras in vehicles in order to reduce the prevalence of road accidents and the growing popularity of the New Car Assessment Program (NCAP) are the other major factors boosting the demand for automotive camera modules throughout the globe. As a result, the g...

 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 simil...

The German automotive telematics market is predicted to attain a revenue of $7,748.0 million by 2030, increasing from $1.408.2 million in 2019, progressing at a 16.5% CAGR during the forecast period (2020–2030), according to the report by P&S Intelligence. The market is registering growth due to the extensive government support, in terms of regulation and policy formulation, for integrating such systems in automobiles, and rising preference for a safer driving alternative. On the basis of product type, the market is divided into integrated, embedded, and tethered. Request to Get the Sample Report: Out of all these, the embedded division held the major share of the market in the past, owing to the regulatory policies in the EU that mandating the use of telematics systems. In addition to this, the division is also growing due to the rising demand for cloud-based services and increasing requirement for optimizing cost of service plans. The integrated division is expected to register t...

The tourism industry has been witnessing significant growth since the past few years. As the disposable income of people has risen considerably, particularly in developing countries, larger number of people are now investing in travel and tourism activities. Other than this, the lifestyle patterns of people across the globe have been changing for the better as well and people now consider travelling as a defining experience in their lives. Because of this, the tourism industry has become a prominent industry all across the globe. This rise in the number of travel and tourism activities is also resulting in the growth of the global  luggage market . Luggage is an important part of travel activities and owing to the increasing disposable income of people, they are now able to afford quality luggage. The market is further registering growth due to the rise in business activities. Because of globalization, people these days are not just engaging travel activities for leisure purposes ...