GIS Demand To Rise Substantially in Future

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. 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.

Electric Vehicles and Robotics in Mining Market Key Reasons For the Present

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. Additionally, several mining firms are leveraging the industrial internet of things (IIoT) in order to ensure a highly connected network among different stakeholders in the mining industry and allow autonomous control in various processes while building sustainable value chains. This is predicted to fuel the expansion of the global electric vehicles and robotics in mining market in the coming years.

Autonomous drilling rigs, autonomous hauling/mining trucks, underground load haul dump (LHD) loaders, and tunnelling equipment are the most widely used types of automated systems in the mining sector. Out of these, the use of autonomous hauling/mining trucks is predicted to surge sharply in the coming years. In addition, with huge investments being made in mobile robot platforms and autonomous trucks, the demand for material handling systems is predicted to soar in the forthcoming years.

Soft rock mining and hard rock mining are the major application areas of electric vehicles and robotics in the mining industry. Hard rock basically refers to several underground mining methods that are used for excavating hard minerals, such as ore containing silver, gold, copper, and iron. The use of electric vehicles and robotics was significantly high in these applications during the last few years. However, in the coming years, the adoption of electric vehicles and robotics is expected to rise at a faster pace in soft rock mining applications.

Globally, the Asia-Pacific (APAC) region will hold the largest share in the electric vehicles and robotics in mining market in the coming years, as per the estimates of the market research company, P&S Intelligence. This is ascribed to the fact that China is one of the largest producers of coal in the world, with the country accounting for around 47% of the total coal produced across the world. Indonesia and Australia are the other major coal producers in the region. The use of electric vehicles and robotics will also shoot up in the mining industry in Latin, America, Middle East, and Africa (LAMEA) in the upcoming years.

Thus, the use of electric vehicles and robotics is set to surge in mining operations in the years to come, primarily because of the growing requirement for automation in the mining sector and mushrooming demand for advanced technologies and mining techniques all over the world. 

Alloy Demand To Rise Substantially in Future

The slump induced by the COVID-19 pandemic seems to be way in the past, as automotive sales around the world have risen to 35,603,479 units in the first half of 2021, compared to 27,799,942 units during the same period last year, says Organisation Internationale des Constructeurs d’Automobiles (OICA). This is driven by the strong desire of people to own a vehicle for practical purposes and to show off their social status. However, with the continuous rise in the number of vehicles on the roads, greenhouse gas (GHG) emissions are also rising.

This is why P&S Intelligence has forecast huge growth for the automotive alloy market in the years to come. As per the International Energy Agency (IEA), the transport sector was responsible for 8.5 Gigatons of GHG emissions in 2019. Therefore, governments around the world are taking numerous measures to clean up the transport system, such as implementing stringent emission regulations, including the U.S. Environmental Protection Agency (EPA) Tier 3 norms, European Union (EU)’s Euro 6 norms, and India’s Bharat Stage VI (BS6) emission standards.

One of the best ways to reduce the emissions is to make automobiles lighter. By doing this, the load on the engine decreases, which leads to a lower consumption of fuel, thereby ultimately decreasing tailpipe emissions. Therefore, in order to comply with the stringent emission regulations, automotive original equipment manufacturers (OEMs) are replacing the traditional iron and steel in the automobile body with lightweight yet strong alloys (mixtures of different metals).

Currently, Asia-Pacific (APAC) is the largest automotive alloy market simply because it accounts for the highest production of electric and conventional automobiles. According to the OICA, China, Japan, India, and South Korea rank one, three, five, and six, respectively, on the list of countries with the highest automotive production. Further, they are also among the most-polluted countries on earth, which is why the emission regulations here are rather strict. For the same reason, their governments are doing everything they can to boost EV production and uptake.

Hence, with the rising automobile production in a world reeling under a rapidly deteriorating air quality, the usage of lightweight alloys will increase.

Chlorella Powder Ingredient Market Set to Flourish in Future

Chlorella serves as a nutritional supplement for animals as the components of this alga help in strengthening their immune systems. The intake of chlorella powder improves the body’s immunity against fungi, viruses, and bacteria. Moreover, the vitamin A and C content of chlorella help in promoting hair growth and reducing skin problems in animals. As a result of these benefits, animal feed producers are focusing on the production of chlorella-based animal feed. Additionally, the pet food industry is also emphasizing on the introduction of chlorella-based animal supplements to enhance the immune system of pet animals.

Furthermore, chlorella serves as a nutritional supplement for humans as well. In recent years, the surging public focus on health and fitness has accelerated the consumption of chlorella-based food supplements worldwide. Due to this reason, the chlorella powder ingredient market will advance at 16.5% CAGR during 2019–2024. The market was valued at $423.7 million in 2018 and it is projected to generate $1,106.8 million revenue by 2024. This nutrient-dense alga helps in facilitating the removal of heavy metals such as mercury, lead, and cadmium and stimulating antibody production in human beings.

Chlorella-based animal feed, nutrition and protein supplements, and hair care and skincare products can be purchased from pharmacies, supermarkets/hypermarkets, online platforms, specialty stores, and convenience stores. Nowadays, manufacturers of such products are increasingly focusing on selling their offerings via e-commerce platforms. Furthermore, the rising shift of customers toward online medium is heavily contributing toward the provision of a wide product portfolio, better deals, home delivery, 24*7 hassle-free shopping experience, and easy price comparison features by e-commerce platforms. 

According to P&S Intelligence, Asia-Pacific (APAC) dominated the chlorella powder ingredient market in the preceding years. This can be attributed to the increasing public consciousness about healthy living and the accelerating demand for dietary supplements for improved health in the region. Besides, the ascending demand for natural and organic hair care and skincare products will also create a huge requirement for chlorella powder ingredients in the region in the foreseeable future. Among APAC nations, China consumes the highest quantity of this nutrition-intensive alga.

Therefore, the escalating public awareness about health and fitness and booming demand for organic and natural cosmetic products will fuel the consumption of chlorella powder ingredients in the upcoming years.  

Automotive Cabin Insulation Market Set for Prosperity in Future

As per the United Nations (UN), the global population will increase from 7.7 billion in 2019 to 10.9 billion by 2100. This is directly resulting in the rising sale of automobiles, as more the people, the more the vehicle buyers. While vehicles fulfill the basic purpose of transporting people, comfort and luxury are also becoming important factors influencing their sales. With a higher disposable income, people are now preferring premium vehicles that offer a higher level of comfort.

Hence, P&S Intelligence expects the automotive cabin insulation market to witness robust growth in the years to come. Cabin insulation has many practical advantages, such as reducing the level of noise from the engine and outside in the passenger area of the vehicle and allowing for better temperature control. As the reduced loss of heat from the cabin during winters drives down the load on the heater and the reduced gain of heat during summers decreases the load on the air conditioner, the requirement for electrical energy comes down.

This means that the auxiliary battery in a car, bus, or truck takes longer to deplete, which leads to a lower requirement for the engine to charge it continuously. This can not only reduce the consumption of fuel, but use more of whatever is being consumed into propelling the vehicle, thus improving the mileage. Even though such benefits may be small in the short run, vehicle owners usually benefit considerably over the long term. Hence, this factor may be more important for fleet owners, whose fuel expenses are a lot higher than individual vehicle owners.

As a result of all such factors, Asia-Pacific (APAC) is expected to continue to dominate the automotive cabin insulation market in the coming years. China, India, South Korea, and Japan produce the most automobiles around the world, which is why the demand for automotive components is the highest here. Further, with the rising purchasing power of people, the demand for luxury cars with insulated cabins is rising. Similarly, the public transportation sector of the region is rather large, and despite the millions of public buses, they need more to cater to their burgeoning population.

Hence, with the rising sales of buses, trucks, and luxury cars, the demand for insulating materials for the driver’s cabin will continue to increase.

Why is Automotive Sensors Market Making Huge Advancements in Europe?

The burgeoning demand for advanced driver-assistance system (ADAS) sensors, rising government regulations regarding vehicle safety, and increasing vehicle electrification are expected to drive the automotive sensors market at a CAGR of 7.4% during the forecast period (2020–2030). According to P&S Intelligence, the market value stood at $25,723.8 million in 2019 and it is projected to reach $58,215.3 million by 2030. Moreover, the mounting investments being made in the development of advanced sensors are creating ample opportunities for the automotive sensors market players.

The surging demand for ADAS sensors, on account of the increasing adoption of autonomous features in vehicles, will support the market growth in the foreseeable future. Autonomous features such as speech recognition, virtual assistance, eye tracking, gesture recognition, natural language interface, and driver monitoring are highly dependent on advanced automotive sensors. Moreover, the development of the ADAS, including driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units (ECUs), also drives the demand for ADAS sensors. 

Apart from this, the soaring implementation of government regulations regarding vehicle safety will also fuel the automotive sensors market growth in the coming years. Governments of various countries have mandated the installation of vehicle safety systems, which require automotive sensors in abundance. For instance, in Europe, the European Union and the government of various countries have mandated the integration of different driving assistance features, such as advanced emergency braking, reversing camera, drowsiness and attention detection, lane-keeping assist, intelligent speed assistance, and tire pressure monitoring, in automobiles.

Geographically, Asia-Pacific (APAC) generated the highest revenue in the automotive sensors market during the historical period and it is expected to continue dominating the market throughout the forecast period. Additionally, the APAC market is also projected to exhibit the fastest growth in the coming years. This can be attributed to the presence of a large number of automobile companies and deep penetration of electric vehicles (EVs), on account of the enactment of favorable government policies and stringent emission laws, in the region.  

Thus, the mounting demand for ADAS sensors and the growing focus of governments and regulatory authorities on enhancing vehicle safety will push the market growth in the forecast years.  

Fuel Cell Vehicle Industry Future Estimations Till 2030

The implementation of strict emission norms and regulations regarding fuel-efficiency in several countries, on account of the escalating pollution levels and rapid deterioration of the environment, is positively impacting the worldwide demand for fuel cell vehicles. For example, the European Union intends to reduce vehicular emissions by as much as 80% by 2050, from the levels reported in 1990, by promoting the deployment of green automobiles. Furthermore, the U.S. Environmental Protection Act (EPA) was enacted for encouraging the adoption of fuel cell electric vehicles (FCEVs) in order to mitigate carbon dioxide emissions.

Several countries are also planning to ban the manufacturing and sales of diesel and gasoline-powered vehicles in the coming years. For example, the U.K., France, Norway, the Netherlands, and India aim to ban the manufacturing and sales of diesel and gasoline-powered vehicles in the coming years (over 2025–2040 period). These measures will support the expansion of the fuel cell vehicle market during 2019–2024. Apart from enabling environment-friendly transportation and providing higher fuel efficiency, fuel cell vehicles also provide an enhanced driving experience.

Geographically, the sales of fuel cell vehicles were observed to be the highest in North America during the last few years. The U.S. dominated the North American fuel cell vehicle market in the years gone by, as per the observations of P&S Intelligence, a market research company based in India. As the U.S. government is fully focused on stopping the manufacturing and sales of oil and gas-powered vehicles in the coming years, it is providing various financial incentives and implementing supportive policies for encouraging the adoption of new energy vehicles in the country.

Thus, it can be said with surety that the sales of fuel cell vehicles will surge in the coming years, primarily because of the growing requirement for eco-friendly vehicles and the increasing implementation of stringent emission regulations by the governments of several countries in order to reduce the emission of greenhouse gases and mitigate the escalating pollution levels.

Why will Sales of Baby Diapers Boom in Asia-Pacific in Coming Years?

With the increasing number of working women across the world, the sales of baby diapers are surging. As per the World Bank, the percentage of working women in 60 countries increased by over 6% from 1990 to 2013. This is because these diapers offer convenience to working women and help them care for their children while they are outside their homes. Moreover, these diapers provide convenience to women who return to their jobs quickly after giving birth. 

Besides the aforementioned factor, the surging disposable income of people is also fueling the sales of baby diapers across the world. Furthermore, owing to the increasing environmental concerns over the disposal of diapers, many baby diaper producing companies such as Procter & Gamble, Kimberly-Clark Corporation, Nobel Hygiene Pvt. Ltd., Kao Corporation, SVENSKA CELLULOSA AKTIEBOLAGET SCA, Bummis Inc., and Fujian Heng Group Co. Ltd. are focusing on development hybrid diapers. These diapers consist of reusable inserts, which are called g-pants, that are easily disposable and can easily absorb the baby’s waste output. 

Additionally, unlike the conventionally used diapers which are not easy to dispose of, these diapers are eco-friendly and biodegradable. Moreover, these diapers are perfume and chlorine-free and the materials used for making them are soft, breathable, and comfortable. Due to these reasons, hybrid diapers are very safe for the sensitive skin of babies and thus, they are being increasingly preferred by mothers. Thus, it is safe to say that the development of hybrid diapers is propelling the expansion of the baby diaper market. 

Geographically, the sales of baby diapers are predicted to rise tremendously in the Asia-Pacific (APAC) region in the coming years. This will be because of the growing disposable income of people, increasing birth rate, soaring research and development (R&D) investments being made by several diaper producing companies, and rising public awareness about the various benefits of baby diapers in the region.

APAC Automotive Semiconductor Market to Witness Robust Expansion by 2030

The International Energy Agency (IEA) forecasts that the stock of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in China will reach 38,570,612 units (cars) and 13,483,273 units (cars), respectively, by 2030. The IEA also predicts that the stock of BEVs (cars) and PHEVs (cars) in India will reach 7,279,298 units and 941,381 units, respectively, by 2030. The increasing sales of these vehicles will create a huge requirement for automotive semiconductors in the Asia-Pacific (APAC) region in the coming years due to their extensive use in electric vehicle (EV) batteries.

Moreover, the increasing integration of advanced mobility solutions, such as autonomous driving technology, owing to the rising awareness about vehicle safety, will fuel the APAC automotive semiconductor market growth in the foreseeable future. Autonomous driving features, such as blind-spot detection (BDS), adaptive cruise control (ACC), automatic parking system, glare-free high beam and pixel lights, automatic emergency braking system, automotive night vision system, crosswind stabilizer, lane change assistance system, and driver drowsiness detection system, work with the help of semiconductors.

According to P&S Intelligence, China and Japan dominate the Asia-Pacific automotive semiconductor market due to the expanding automobile industry of these countries. The flourishing automotive industry in China can be credited to the improving living standard and escalating disposable income of people. In the coming years, South Korea and India will also adopt a significant volume of semiconductors due to the burgeoning demand for EVs and ICE-based automobiles. For instance, according to the OICA, 3,394,446 units and 3,506,774 units of automobiles were produced in India and South Korea, respectively, in 2020.

Thus, the mounting EV and ICE-based vehicle sales and increasing integration of ADAS in such automobiles will create an extensive requirement for semiconductors in the upcoming years.