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The International Energy Agency (IEA) reveals that the global stock of plug-in hybrid vehicles (PHEVs) , battery electric vehicle (BEVs) , and fuel cell electric vehicle (FCEVs) stood at 3,346,713 units, 6, 850,327 units, and 31,225 units, respectively, in 2020. By 2030, the stock of PHEVs, FCEVs, and BEVs will rise to 44,355,904, 1,152,588, 79,975,992, respectively 2030. Whereas, the global stock of BEV and PHEV electric buses is expected to surge from 515,400 in 2020 to 3,217,713 by 2030 and 81,898 in 2020 to 358,921 by 2030, respectively. Thus, the surging adoption of EVs will augment the need for fast charging options, owing to which the wireless electric vehicle charging market will advance at a significant rate during 2020–2030. To establish a fast EV charging infrastructure, several charging station developers are focusing on investing in research and development (R&D) in wireless technology. The installation of dynamic wireless systems on EVs allows them to be charged while...

Sanitation and hygiene are the most vital aspects of baby care and shampoos and conditioners are inherent constituents of baby care. As babies are fragile and delicate, hygiene and sanitation products of adults are not recommended to be used on babies. Nowadays, parents have become very cautious about the brands of baby shampoos and conditioners, owing to the mounting awareness about the hygiene of babies. Owing to this reason, parents are now preferring to use toxin and paraben-free baby shampoo and conditioners. Moreover, the accelerating urbanization rate in populous countries, such as India and China, will steer the baby shampoo and conditioners market growth in the forthcoming years. Increasing urbanization rate in such countries has encouraged parents to amplify their focus on the nurture of their child, owing to which, they have surged their expenditure on baby care products. Additionally, the declining global infant mortality rate will also augment the use of baby shampoos and ...

With the growing deployment of electric two- and three-wheelers, on account of the increasing concerns being raised over the escalating air pollution levels, the demand for battery swapping technologies for electric two- and three-wheelers is growing rapidly. The governments of many countries are providing subsidies and various other financial incentives such as purchase rebates and tax exemptions, for promoting the deployment of electric motorcycles and scooters. For example, the Indian government has recently launched the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles II (FAME 2) scheme for promoting the use of electric vehicles in the country.  Depending on service type, the market is bifurcated into subscription model and pay-per-use model. Of these, the subscription model category dominated the market in 2019, primarily because of the various benefits of the subscription service model such as low cost per swapping, higher affordability, and battery leasi...

The global fuel cell electric vehicle market generated ~$3 billion revenue in 2020. The market is being driven by the enactment of strict carbon emission regulations, such as those regarding fuel efficiency, by various governments and organizations, and the burgeoning requirement for environment-friendly vehicles, on account of the surging concerns being raised over the escalating carbon dioxide emissions all over the world. For example, the U.S. Environmental Protection Agency (EPA) is encouraging the adoption of fuel cell electric vehicles in order to reduce carbon dioxide emissions in the country. Furthermore, the European Union has announced recently that it aims to reduce vehicular emissions by 80% by 2050 from the levels reported in 1990. The organization would achieve this objective by promoting the use of green vehicles. Besides, the mushrooming deployment of electric vehicles in several countries is also driving the growth of the fuel cell electric vehicle market. For example...

With the growing public awareness about health and fitness, rapid innovations in sensor technology, and increasing requirement for digital instruments in the smart textiles, consumer electronics, and fitness and sports industries, the demand for smart eyewear is surging sharply across the world. Smart eyewear is basically a wearable computing device, which displays information and helps people see clearly with the help of a head mounted display or optical computerized internet connected glasses, with transparent augmented reality or heads up display. Accelerometer, gyroscope, image sensors, pressure sensors, thermometers, and touch sensors are the major sensors used in smart glasses. North America is currently dominating the global smart eyewear market, as per the observations of P&S Intelligence, a market research company based in India. This is credited to the high obesity rate and the presence of a large population in the region. In the coming years, the demand for smart eyewear...

The burgeoning demand for used luxury cars and the increasing shift of buyers toward organized dealers will drive the Indian used car market at a healthy CAGR of 14.8% during the forecast period (2021–2030). The market was valued at $18.3 billion in 2020 and it is projected to generate $70.8 billion revenue by 2030. At present, India is witnessing a low penetration of luxury cars. To accelerate the adoption of these vehicles, leading luxury car manufacturers and used car dealers are expanding their operations in the country. The sector segment of the Indian used car market is divided into organized and unorganized. Under this segment, the organized sector is expected to demonstrate the faster growth during the forecast period. This will be due to the higher propensity of customers to purchase certified vehicles from established dealers. Moreover, the surging shift toward online portals of sellers and buyers in the country will also augment the growth of the organized sector in the futu...

A number of factors such as the surging use of robotics in areas affected by biological, radiological, chemical, and nuclear attacks and the burgeoning demand for autonomous systems in the commercial and defense sectors will facilitate the unmanned ground vehicles (UGVs) market growth during the forecast period (2021–2030). Moreover, the increasing government investments being made in the development of UGVs will also accelerate the market growth in the coming years. According to P&S Intelligence, the market generated a revenue of ~$3 billion in 2020. One of the key growth drivers for the market is the booming demand for UGVs from the defense sector. The surging investments being made by governments in upgrading their defense fleets and the mounting military expenditure of several countries will fuel the adoption of UGVs in the defense industry. These vehicles are used for transportation, combat support, and search and rescue operations. For example, in March 2020, HORIBA MIRA sec...

Key factors such as the soaring sales of electric vehicles (EVs) and reducing prices of electrode materials will drive the anode material for automotive lithium-ion (Li-ion) battery market at a CAGR of 5.7% during the forecast period (2020–2030). The market generated $707.2 million in 2019, and it is expected to reach $1,348.6 million by 2030 . In recent years, academic institutions and original equipment manufacturers (OEMs) have started investing in research and development (R&D) for better anode materials than the ones currently in use.  Another key factor driving the anode material for automotive lithium-ion battery market growth is the constant reduction in the prices of these materials. The anode accounts for nearly 10–18% manufacturing cost of a Li-ion battery, which is already expensive. The price of anode materials is a key factor governing the usage of batteries, as it is affected by downstream battery manufacturers and upstream raw material suppliers. Owing to this r...

A number of factors such as the burgeoning demand for autonomous vehicles and the surging adoption of electric vehicles (EVs) will support the power liftgate market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated a revenue of ~$4 billion in 2020. A power liftgate is a backdoor mechanism through which the drivers open or close the liftgate/tailgate by clicking a key on the dashboard or a handheld remote. Nowadays, automotive power liftgates are available with anti-trap and height memory functions. In recent years, the extensive use of advanced technologies by automobile manufacturers, to provide safety, comfort, and security in their premium vehicles, has become a major trend in the power liftgate market. Due to the surging adoption of navigation, security, and remote access solutions in vehicles, original equipment manufacturers (OEMs) are looking for power liftgates as a means to add value to automobiles. The power liftgate syste...

 If there’s one device which is synonymous with the information age, it is a mobile phone. A valuable possession in today’s fast paced communication driven environment, the mobile phone has undoubtedly brought people and cultures together, bridged the gap between continents, and streamlined business communication and operations. According to the observations of the International Telecommunication Union (ITU), the mobile subscription rate across the world per 100 individuals was 109 in 2019.  As this device plays a major role in ensuring that people stay connected with their loved ones, businesses run smoothly and efficiently, and customer queries are handled quickly and effectively, it needs to be protected against various accidental and liquid damages. This is why the demand for mobile handset protection is surging sharply across the world. Additionally, people are quickly realizing the need, value, and importance of handset protection, which is further boosting the demand fo...

With the growth of the manufacturing and retail industries, an efficient means to transport goods from one place to another is becoming more important every year. Similarly, the burgeoning population, which the United Nations (UN) expects to touch 10.9 billion by 2100, is propelling the need for passenger transportation. With these factors, the number of large commercial vehicles, including trucks and buses, is rising. However, these vehicles are often part or cause of road accidents because they are slightly difficult to maneuver, and drivers aren’t always able to see what is behind them. Autonomous Commercial Vehicle Market Outlook As a result, with the surging incidence of road accidents, which kill 1.35 million people each year, as per the World Health Organization (WHO), the need for making transportation safer is increasing. P&S Intelligence cites this factor while projecting an 8.2% CAGR for the autonomous commercial vehicle market during 2020 and 2030. It is now well known ...

Due to the growing population of working mothers, surging concerns being raised by parents over infant nutrition, falling infant mortality rate, soaring public awareness about innovative baby food products, and increasing urbanization rate and organized retail marketing activities, the global baby food market revenue is predicted to rise from $30.0 billion in 2020 to $53.9 billion by 2030. Furthermore, the market will progress at a CAGR of 6.1% from 2021 to 2030 (forecast period), as per the estimates of the market research firm, P&S Intelligence. As working women are actively focusing on the nutritional needs of their babies, their mushrooming population all over the world is driving the sales of baby food products. As per the Office for National Statistics (ONS), in England, the share of working mothers in the total population of mothers rose from 69% in 2013 to 74% in September 2018. Additionally, as per the data released by the Catalyst, which is a non-profit organization that...

The burgeoning requirement for technologically advanced and innovative helicopters is propelling the sales of helicopters across the world. Several technological advancements and innovations have been made in the engine, emission systems, and airframe of helicopters over the last few years. These advancements have made helicopters highly resilient, more sustainable, and better performing in various environmental conditions. Moreover, the soaring requirement for high-performance helicopters in the oil and gas industry is further boosting the sales of helicopters across the globe. These helicopters are used extensively for ferrying people from offshore rigs to the land and vice versa. The soaring usage of helicopters in several industries is boosting the sales of technologically advanced military and civil helicopters. Apart from these, the expansion of the aviation industry in developing countries is also creating lucrative growth opportunities for the players operating in the global h...

Factors such as the increasing concerns about food nutrition, security, and sustainability and mounting investments in plant-based protein sources will drive the meat substitutes market growth during the forecast period (2021–2023). According to P&S Intelligence, the market generated ~$2 billion in revenue in 2020. At present, the surging consumer preference for vegan diets has become a prominent market trend, owing to the growing public awareness of healthy eating habits, hygienic food, and weight management.  One of the key growth drivers of the market is the mounting concerns being raised over food security, nutrition, and sustainability. Food security refers to the state of having reliable access to a substantial quantity of nutritious and affordable food. As per the Climate Change and Land report of the United Nations (UN), food security may be compromised unless there is a transition away from red meat and animal protein sources, such as dairy products, eggs, and pigs to...

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 duri...