How the Automotive Radar Market Has Witnessed Substantial Growth in Coming Years?

Vehicles equipped with advanced driver-assistance systems (ADAS) require large number of radars, as these enable numerous automobile features. ADAS features like eye-tracking, virtual assistance, gesture recognition, natural language interface, virtual assistance, and speech recognition are extensively dependent on advanced radar systems. Moreover, future developments in ADAS technology will propel the installation of radar-enabled detection units in the vehicles. Owing to this reason, the automotive radar market will progress at a CAGR of 8.4% during 2020–2030. According to P&S Intelligence, the market generated revenue of $5,839.0 million in 2019.

Automakers install radars in fully autonomous vehicles and semi-autonomous vehicles, due to their wide applications in systems, such as adaptive cruise control (ACC), blind-spot detection (BSD), intelligent park assist (IPA), and autonomous emergency braking (AEB). Additionally, based on the level of autonomy, automakers install one LRR and two short- and medium-range radars in level 1 autonomous vehicles and one LRR and three short- and medium-range radars in level 2 vehicles. Whereas, level 3,4, and 5 autonomous vehicles encompass two LRRs and four short- and medium-range radars.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/automotive-radar-market/report-sample

Further, the vehicle autonomy segment of the automotive radar market is bifurcated into semi-autonomous and fully autonomous. Between the two, the fully autonomous category will witness the fastest growth in the forecast period, due to the widespread deployment of fully autonomous vehicles in the shared mobility service industry. These automobiles are largely deployed by fleet operators that offer robotaxi services. In the coming years, the procurement of autonomous vehicles will escalate at a rapid pace, on account of technological developments and high focus on safety and comfort features in the vehicles.

Thus, the growing installation of ADAS features and the rising shift toward autonomous vehicles will propel the adoption of radars in the automobile sector.

Government Initiatives Driving Popularity of EV Battery Swapping in India

The need for electric vehicles (EV) in India is dire on account of the air that is becoming more suffocating and disease-causing every year, owing to the escalating pollution levels. Realizing this grave problem, the government has launched the FAME India scheme, under which it is not only offering purchase subsidies for EVs but also bearing a large chunk of the research and development (R&D) cost. Thanks to such efforts, the sale of e-rickshaws has burgeoned in the country, especially in tier I and II cities.

As per P&S Intelligence, this inadequate availability of charging stations will be a key factor for the Indian electric vehicle battery swapping market growth in the years to come. This is because merely replacing the discharged battery with a charged one is faster and less hassle-prone than keeping an EV plugged into a charging station. Since most of the few charging stations that are available are slow-charging variants, they can take up to 8 hours to completely charge an EV battery. This has been a problem for those who have to operate their vehicle throughout the day and for long distances, such as intercity and intracity buses.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/india-electric-vehicle-battery-swapping-market/report-sample

Such EV battery swapping stations offer pay-per-use and subscription-based services, of which the subscription-based model is expected to become popular in the Indian electric vehicle battery swapping market more rapidly in the years to come. This would be because in the long run, a subscription comes out to be cheaper than paying every time the battery is swapped. With the burgeoning adoption of EVs in public transportation services, the subscription model will allow vehicle operators to cut down on their expenses, which will, in turn, help in making shared electric mobility cost-effective for commuters.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-electric-vehicle-battery-swapping-market

Hence, with governments offering their support for EV adoption and entering in partnerships to make the charging process easier, the battery swapping concept will become popular in the country.

Europe Tire Market to Expand at a Healthy Growth Rate in the Coming Years

Europe is one of the most-prosperous regions in the world, which is why vehicle sales have always been high here. Plus, the renowned automakers based in the region keep coming up with eye-pleasing and sleek cars to catch the people’s, especially the youth’s, fancy. Such factors are driving the regional automotive industry and, in turn, the demand for various auto components, including tires. Another reason the tire demand is rising in the region is the increasing average of vehicles. With automakers improving the quality of their vehicles, people are using them for longer than before.

Since the tire replacement rate is much higher than the vehicle replacement rate, P&S Intelligence expects the European tire market to grow from $20,037.8 million in 2018 to $26,327.8 million by 2024, at a 4.5% CAGR between 2019 and 2024. Apart from the engine, speed of the vehicle, and the gear which the vehicle is being driven in, the tire plays an important role in deciding the automobile’s fuel economy. Heavyweight and worn-out tires put extra pressure on the engine, which automatically leads to the consumption of more fuel than required.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/europe-automotive-tire-market/report-sample

Presently, Germany is the largest country in the European automotive tire market, on account of the long-standing presence of automakers here. This, along with the high purchasing power of individuals, has made the country the largest producer and buyer of automobiles in the continent, which naturally leads to a high demand for tires by automakers, as well as garages, repair shops, and people who like to replace them themselves. As per Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2019, 4,661,328 automobiles were produced in Germany, reflecting a high demand for tires.

Thus, with the increasing vehicle sales, the procurement of tires in the region will continue burgeoning.

North America Acid-Etched Glass Market is Slated to Grow Rapidly in the Forthcoming Years with Top Leading Players

A number of driving factors such as the soaring urban population, escalating construction activities in the commercial and residential sectors, and rising preference for high-end products will propel the North American acid-etched glass market at a 5.5% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market generated revenue of $237.3 million in 2020, and it is projected to generate $403.1 million by 2030. Additionally, the increasing preference for etched decorative glass doors and windows is also supporting market growth.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/north-america-acid-etched-glass-market/report-sample

Moreover, amplifying demand for etched decorative windows and doors is driving the North American acid-etched glass market growth. Residential and commercial users are adopting large quantity of etched glasses for decorative purposes, due to their magnifying focus on an array of gradients, shades, and textures in glass. These beautifying materials also provide several gradients and opacities to meet the varied needs of the customers. These doors and windows cut down glare, heat, and flame, enhance aesthetic quotient, provide security from external environment, prevent penetration of ultraviolet (UV) radiations, and improve lighting.

Geographically, the U.S. generated higher revenue for the North American acid-etched glass market in 2020. This is due to the surging number of government initiatives to amplify tourism and the growing construction industry in the country. The demand for the glass in this nation was met by key players like Bear Glass, OcuGlass LLC, Dillmeier Glass Company, Compagnie de Saint-Gobain S.A., Guardian Industries Holdings LLC, Cosmopolitan Glass INC., Asahi Kasei Corporation, General Glass International, and CARVART.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=north-america-acid-etched-glass-market

Thus, the growth of the tourism and hospitality industry and the surge in construction activities in the residential and commercial sectors will boost the market growth in the forecast years. 

Animal Healthcare Market to Expand at a Healthy Growth Rate in the Coming Years

Milk and meat have now become important parts of everyday meals. The demand for these products has also been increasing because of the changing lifestyle in developing countries, surging population, and rising disposable income of people. In addition to this, due to rising health concerns, people are now opting for protein-rich food, including meat, eggs, and milk. This is why, the focus on raising the production of farm animals has grown considerably across the globe. 

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/animal-healthcare-market/report-sample

However, there is a risk of transference of animal diseases to human, which is why, the emphasis on animal healthcare is also growing. As per a study by P&S Intelligence, the global animal healthcare market is predicted to reach a value of $42,926.7 million by 2023, increasing from $31,637.0 million in 2017, advancing at a 5.1% CAGR during the forecast period (2018–2023). In addition to this, the adoption of companion animals has also increased over the past few years. 

All these products are available at different distribution channels, such as pharmacies & drug stores, veterinary hospitals, veterinary clinics, retail stores, and online platforms. The largest demand for animal healthcare products was created from veterinary hospitals in the past, owing to the rising preference of pet owners for these settings. Veterinary hospitals provide overall healthcare solutions for pets unlike other veterinary facilities. In the years to come, the demand for these products is also expected to rise from online platforms because of the expanding e-commerce sector. 

Geographically, North America emerged as the major animal healthcare market in the 2017, owing to the rising spending on healthcare of animals by farm animal owners, emerging trend of pet humanization, and growing requirement for animal-based products. Other than this, the demand for animal healthcare products is also predicted to increase in the Asia-Pacific region in the coming years. The increasing requirement for animal-source food products and rising livestock population in various countries are driving the regional market. 

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=animal-healthcare-market

Hence, the demand for animal healthcare products is growing due to the increasing demand for protein-rich foods and rising trend of pet humanization.

U.S. Shower Glass Door Market Set for Lucrative Growth in Future

The U.S. is witnessing a sharp surge in the sales of shower glass doors, on account of the rising urbanization rate in the country. As per the 2018 Revision of World Urbanization Prospects by the United Nations Department of Economic and Social Affairs (UNDESA), by 2050, nearly 68% of the global population is predicted to live in various urban areas. Due to the surging urbanization rate in the country, people are heavily investing in various commercial, industrial, and residential setups.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/us-shower-glass-door-market/report-sample

This is propelling the sales of shower glass doors in the country, which is, in turn, driving the growth of the U.S. shower glass door market. As a result, the value of the market is predicted to rise from $3,188.3 million in 2019 to $6,781.9 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 7.5% from 2020 to 2030. Framed and frameless are the main two types of shower glass doors sold in the U.S.

Out of these, the single door category will register the fastest growth in the market in the future years, as per the estimates of the market research company, P&S Intelligence. The main factor powering the growth of this category in the U.S. shower glass door market is the higher preference of customers for custom-built shower glass doors over the other variants, on account of the fact that these doors make the commercial and residential units aesthetically pleasing and valuable.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=us-shower-glass-door-market

Hence, it is quite clear that the demand for shower glass doors will skyrocket in the U.S. in the future years, mainly because of their rising requirement in various residential and commercial establishments and the increasing urbanization rates all over the country. 

Electric Bus Market in U.S. to Expand at a Healthy Growth Rate in the Coming Years

The U.S. electric bus market growth will be driven, by factors such as stringent emission norms in the country, environmental benefits of electric vehicles (EVs), favorable government policies to support EVs, long-term operational cost benefits offered by these buses to transit agencies, at a CAGR of 58.4% during the forecast period (2020–2024). The market generated $469.3 million revenue in 2019 and it is projected to reach $2,675.1 million by 2024. Moreover, the declining cost and rising efficiency of automobile batteries will facilitate market growth in the foreseeable future.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/us-electric-bus-market/report-sample

Increasing availability of government funding to transit agencies for procuring zero- and low-emission vehicles, such as electric buses, is one of the key factors fueling the electric bus market in United State. For example, the Federal Transportation Administration (FTA) provided $85 million to 50 state and local governments to incorporate such vehicles in their public transportation fleets. This funding was a part of the State of Good Repair Program and Congestion Mitigation and Air Quality Improvement Program and the Low or No Emission Grant Program of the Department of Transportation (DoT).

The U.S. electric bus market is consolidated with the presence of a handful of companies. To gain from emerging opportunities, leading automobile manufacturers are focusing on winning client contracts to supply their buses to a large number of transit agencies. For instance, in August 2018, BYD Company Ltd. signed a contract with the state of Georgia to provide electric buses. Similarly, in October 2018,Proterra Inc. received an order from the Rhode Island Public Transit Authority (RIPTA) to deliver three of its 40-foot Proterra Catalyst E2 electric buses to the latter.

Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/us-electric-bus-market

Thus, with the rising subsidies and investments from the federal, state, and local governments of the U.S. to boost the adoption of EVs, the  demand for electric buses in U.S. will amplify significantly in the foreseeable future. 

Asia-Pacific Electric Car Market to Witness Comprehensive Growth By 2025

 As the air quality deteriorates and the prevalence of various lung diseases increases in the Asia-Pacific (APAC) region, the attention of governments, regulatory authorities, policymakers, and citizens is finally shifting toward the elephant in the room, that is, the large-scale usage of fossil-fuel-powered vehicles for both personal commuting and transportation of goods. The harmful emissions released from these vehicles are one of the major causes of air pollution and the rapid environmental degradation.

To combat the situation and make the air in urban areas breathable again, governments of several APAC countries are implementing policies aimed at promoting the deployment of eco-friendly modes of transport, such as electric cars. This is, in turn, fueling the advancement of the Asia-Pacific electric car market. For instance, as per industry experts, sales of electric vehicles grew in India by 32.0% or from nearly 576,000 units in 2018 to more than 760,000 units in 2019, among which 2,000 were passenger cars.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/asia-pacific-electric-car-market/report-sample

As the transport sector is one of the biggest emitters of greenhouse gases in India, the governments at both state and central levelistaking measures for promoting the usage of electric vehicles.According to various reports and surveys, in India, the transport sector alone contributes around 40% of the total carbon emissions.

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME)scheme is one such policy implemented by the Indian government for fueling the deployment of EVs in the country. This scheme was launchedby the Department of Heavy Industry in March 2015 with initial funding of $11.46 million (INR 75 crores). Under this scheme, the government intends to replace as much as 30% of the conventional oil- and gas-powered automobiles in the country with electric variants by 2030.

Electric Car Usage Highest on Chinese Roads in Asia-Pacific

In the APAC region, the sales of electric cars are currently the highest in China. Japan, South Korea, and India are the next biggest users of electric cars in APAC. The share of small electric cars is presently significantly high out of all the electric cars being sold in the region. This is primarily because of their high affordability and the cost-sensitive purchasing behavior of the people in the regional countries. Backed by the implementation of favorable government policies regarding the deployment of electric cars and the reducing prices of the batteries, the electric car industry will register huge expansion in the coming years.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=asia-pacific-electric-car-market

Hence, it can be said with utmost confidence that the sales of electric cars would shootup in Asia-Pacific (APAC) in the forthcoming years, primarily because of the escalating pollution levels in APAC countries due to the large-scale usage of oil- and gas-powered vehicles.The rapid implementation of favorable government initiatives and subsidy policies forthe utilization of these vehicles is further expected to make them popular among the masses.

India Electric Vehicle Supply Equipment Market Analysis and New Market Opportunities Explored

 The need for increasing the adoption of electric vehicles in India is extremely high, since the country is among the most polluted countries across the world. Owing to the large population and rising disposable income, the number of vehicles on roads of the country has risen drastically over the past few years. This increased utilization of vehicles that run on petroleum or diesel is one of the primary causes of surging air pollution levels in India. It is due to all these factors that the government of the country is increasingly trying encourage people to opt for electric vehicles rather than traditional fuel-based vehicles.

Moreover, as people themselves are getting aware of the rapid global warming, the sales to electric vehicles in India has risen significantly. The total sale of electric vehicles rose by 32.0% from 2018–2019, increasing from 567,000 units to more than 760,000 units. This growing demand for electric vehicles is bound to create demand for supportive infrastructure that is needed for these vehicles, which is why, the demand for electric vehicle supply equipment (EVSE) in India is increasing rapidly as well. The increasing efforts of the government of the country is the major reason behind the growth of the Indian EVSE market.  

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/india-evse-market/report-sample

These days, energy efficiency has become a common, household topic, and major companies are focusing on introducing as many energy efficient solutions as they can. This is true for the companies operating in the EVSE domain as well, where various players are investing in the development of charging stations that are powered by solar energy. India is planning on attaining a renewable energy generation capacity of 175 gigawatts (GW) by 2022, which would include 100 GW energy generated from solar energy. This is expected to open up opportunities for the companies in the EVSE domain.

The Indian Electric Vehicle Supply Equipment market is predicted to reach a value of over $13,833.0 thousand by 2025, rising from $1,027.9 thousand in 2019, and is expected to exhibit a 54.2% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into alternating current (AC) and direct current (DC), between which, the AC division accounted for the larger share of the market during the historical period (2014–2019). This is because of the fact that these chargers have lower operational and installation costs, and it is much cheaper to charge cars at AC stations.

Market Segmentation by Type

• AC
  • Level 1
  • Level 2`
• DC

Market Segmentation by Application

• Public
• Private

Market Segmentation by Region

• East
• West
• North
• South

ASEAN Electric Vehicle Market Upcoming Demands & Growth Analysis 2025

Due to the rising concerns being raised over the environmental pollution and damage caused by the oil- and gas-powered vehicles, the governments of various ASEAN (Association of Southeast Asian Nations) countries are enacting regulations for automobile manufacturing and encouraging the usage of electric vehicles, in place of the conventional oil- and gas-powered ones. Moreover, several governments are also launching schemes, in the form of subsidies and financial incentives, for fueling the deployment of electric vehicles.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/asean-electric-vehicle-market/report-sample

As the adoption of electric vehicles can massively reduce the emission of carbon dioxide, the governments of several ASEAN countries are implementing policies aimed at propelling the sales of these vehicles. Many governments are launching incentive schemes to boost the adoption of electric vehicles in transport fleets. For example, the Thailand Board of Investment (BOI) announced in April 2019 that it would reduce excise tax from 8% to 2% for automakers planning to manufacture electric vehicles in Thailand.

Furthermore, many automobile manufacturing companies are investing heavily in the manufacturing of electric vehicles in the ASEAN region. For example, Toyota Motor Corporation announced in June 2019 that it would invest around $2 billion in electric vehicle manufacturing in Indonesia. Such huge investments being made by automobile manufacturers are fueling the advancement of the ASEAN electric vehicle market, as per the observations of P&S Intelligence, a market research company based in India.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=asean-electric-vehicle-market

Hence, it is safe to say that the sales of electric vehicles would shoot-up in the ASEAN region in the forthcoming years, mainly because of the rising enactment of favorable government policies and the provision of several financial incentives by the governments of the regional countries.

CBD Oil Market to Witness the Highest Growth Globally in Coming Years

Cannabidiol (CBD), one of the key compounds found in the cannabis plant, is used for numerous medicinal purposes, as it is a non-psychoactive chemical or cannabinoid. CBD is now being used to treat chronic pain, arthritis, migraine, cancer, depression, and anxiety. Owing to the increasing incidence of such chronic diseases and lifestyle-related diseases, several countries have started legalizing marijuana for medicinal purposes. This will accelerate the CBD oil market, which, according to P&S Intelligence, valued $1,735.1 million in 2019, at a CAGR of 24.3% between 2020 and 2025.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/cbd-oil-market/report-sample

 

The legalization of CBD in the U.S. and Canada will escalate its usage in the coming years in the first place. Following the suit, several other nations, such as the U.K., South Africa, Spain, Mexico, Thailand, South Korea, Japan, and Brazil, have allowed the complete or partial sale of CBD-based products. Though the regulations in these countries vary, the cultivation of marijuana and downstream production are substantially increasing, which will, in turn, spike the interest among potential customers. The surging demand for the products will create additional jobs and fill the coffers of government and private entities.

Globally, the North American CBD oil market will witness the highest sale of the products in the coming years, on account of the legalization of marijuana for research and medical purposes and hefty investments by private players for attaining the permit for planting cannabis, stocking it, and distributing the end-products. Moreover, the extensive promotion of the compound as a natural phytocompound and lifestyle and wellness product and launch of CBD-based pharmaceuticals will boost their usage in the foreseeable future.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=cbd-oil-market

 

Thus, the legalization of CBD for medicinal and recreational purposes and surging investments in deciphering the potential uses of marijuana and hemp will widen the application base of this chemical in the future.