India Retail Logistics Market Expected To Reach Highest CAGR by 2030

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.

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 during periods of high demand, but not on a contractual basis. This allows companies to optimize their logistics operations, thereby making such services a cost-effective alternative.

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At present, retail logistics services are mostly available in the tier-1 cities of India, including Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore. This is due to the presence of a large customer base in these cities and the high purchasing power of the customers here. According to the 2011 census, the population of the National Capital Territory (NCT) of Delhi, Mumbai, Kolkata, Hyderabad, Chennai, and Bangalore was 16.7 million, 18.4 million, 14.1 million, 7.7 million, 8.6 million, and 8.5 million, respectively.

Companies involved in the development of advanced logistics solutions for retail freight include First Flight Couriers Ltd., Gati Ltd., Blue Dart Express Ltd., FedEx Corp., Transport Corporation of India Ltd., DHL International GmbH, and All Cargo Logistics Ltd. These players in the Indian retail logistics market offer online and offline services. Of the two, online services will be adopted at the higher rate in the coming years. This will be due to the flourishing e-commerce industry, increasing internet penetration, and escalating use of smartphones in the country.

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Thus, the bolstering e-commerce industry and burgeoning demand for digital freight brokerage services will lead to the adoption of retail logistics solutions in India.

Boom Expected in Forklift Market in Future

With the rapid advancement of the e-commerce industry, the sales of forklifts are rising sharply across the world. Due to the rising popularity of online shopping and e-commerce, delivery schedules are becoming more and more challenging. Moreover, the traditional logistics solutions are not able to cater to the mushrooming customer requirements. As a result, e-commerce companies are rapidly adopting autonomous and electric forklifts that can help them speed-up the product delivery operations.

Forklift Market

Due to the above-mentioned reason, the usage of forklifts is rising sharply in warehouses, where they are used for loading and picking goods and transporting items from one place to another. Besides this factor, the increasing adoption of advanced technologies such as robotics and industrial internet of things (IoT) by warehouses is also pushing up the demand for forklifts across the world. Moreover, with rapid advancements and innovations in technology, several e-commerce companies are making huge investments in automation solutions.

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For example, a dual-mode pantograph robotic reach truck was launched by Hyster-Yale Materials Handling Inc. in April 2019. This truck has the ability to autonomously deposit and retrieve loads from locations that are as high as 30 feet. In addition to these, this truck has double-deep storage. Due to these factors, the demand for forklifts is exploding around the world. This is, in turn, propelling the advancement of the global forklift market.

The valuation of the market is predicted to grow from $33,878.7 million in 2019 to $42,519.4 million by 2030. Furthermore, the market is predicted to advance at a CAGR of 2.8% between 2020 and 2030. There are mainly 5 types of forklifts used in warehouses- class 5, class 4, class 3, class 2, and class 1 forklifts. Out of these, the usage of the class 5 forklifts was observed to be the highest during the past few years.

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Hence, it can be said confidently that the sales of forklifts will shoot-up across the world in the upcoming years, mainly because of the rising popularity of online shopping, the boom of the e-commerce industry, and the growing demand for automation in warehouses and factories around the world.

Car Rental Market to See Massive Growth by 2024

Car rental services thrive on the convenient mobility feature offered by them. Renting a car enables individuals to enjoy the perks of owning a personal car without the need to actually buyit. Owning a private vehicle demands heavy investment that includes the vehicle cost, insurance cost, fuel cost, maintenance charges, and parking charges. Thus, the growing financial burden is expected to fuel the car rental market advance at a 7.9% CAGR during 2019–2024. At this rate, the revenue of the market will increase from $78.7 billion in 2018 to $122.6 billion by 2024.

Car Rental Market Outlook

Furthermore, the demand for rental car services has surged tremendously due to the growing digitization in this niche. Customers can now rent a car by simply making a booking on the website or mobile application of the company. These mobile apps provide assistance, intricate details, and customized rental services to users while booking the car. Additionally, the growing travel and tourism sector across the globe is propelling the demand for car rental services. Tourists are opting for driving cars themselves, rather than using public transport, to have a personalized experience.

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In 2018, Europe and North America registered the highest combined demand for rental cars due to the existence of major service companies, who charter their vehicles for longer periods at a time. According to P&S Intelligence, the North American car rental market is expected to register the highest revenue in the coming years. Moreover, the Asia-Pacific (APAC) region will also witness a notable usage of such services, on account of the rising preference for rented cars in the travel and tourism industry of the region. In APAC, Indians will supersede Japanese in using these services due to the entry of international car rental companies in the country.

Thus, the financial burden attached to owning and maintaining cars and high preference for personalized traveling experience shave led to the promotion of car rental services across the world.

China Electric Scooters and Motorcycles Market Set to Exhibit Tremendous Growth in Coming Years

In the 1950s, less than 20% of the Chinese people were urban dwellers, and by 2018, this percentage had soared to 59%, as per the World Urbanization Prospects 2018 report of the United Nations (UN). This has led to a massive rise in the number of automobiles on the roads of China, in part, making it the largest carbon emitter in the world. As a result, its government has been strongly encouraging the public to adopt electric vehicles (EV) by implementing stringent emission regulations and offering purchase subsidies and tax rebates.

P&S Intelligence says that the increasing urbanization level, which is expected to touch almost 70% by 2030, will drive the Chinese electric two-wheeler market from $7.7 billion in 2017 to $12.5 billion by 2025, at a 6.1% CAGR during 2018–2025 (forecast period). As per the Health Effects Institute and Tsinghua University, deaths in China due to high concentrations of particulate matter 2.5 (PM2.5) could touch 1.3 million by 2030, increasing by a massive 40% from 2013! 

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On the basis of product, the Chinese electric bike market is bifurcated into motorcycle and scooter. Of these, the scooter bifurcation held the larger share during 2013–2017 (historical period),owing to their lower purchase costs and more models that are available for purchase compared to motorcycles. Moreover, with the growth in the e-commerce and food and beverage industries, delivery companies are rapidly incorporating electric scooters into their fleet. Such vehicles have fewer moving parts and a simpler drivetrain than their internal combustion engine (ICE) variants, which makes them cheaper to operate and maintain.

Other reasons for the rising demand for Li-ion batteries in the Chinese electric scooters and motorcycles market are their higher energy density, which enables a longer driving range. Since one of the major factors that make many opt out of buying EVs is their short driving range, improved Li-ion batteries are expected to put an end to their hesitations. In addition, the prices of these batteries have reduced significantly in recent years, thus making EVs cost-effective for the masses. Other advantages of Li-ion batteries are their smaller size, ability to be charged up to 2,000 times compared to 400 cycles for SLA batteries, longer self-discharge periods, and faster charging ability.

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Hence, with government efforts to address the problem of air pollution, which is directly linked tourbanization, as well as the advancements in the battery technology, the adoption of electric two-wheelers will keep rising in China. 

Electric Vehicle Charging Cables Market Evolving Technology and Growth Outlook 2021 to 2030

The global electric vehicle charging cables market generated a revenue of approximately $250 million in 2020, and it will exhibit huge expansion from 2021 to 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The factors fueling the market surge are the growing deployment of electric vehicles (EVs), increasing concerns being raised over the escalating air pollution levels, and the burgeoning demand for public EV charging facilities and infrastructure.

With the soaring adoption of EVs, the governments of many countries are actively focusing on developing EV charging stations. Moreover, several governments are making huge investments for developing and installing EV charging stations in various public places. As per the International Energy Agency (IEA), the total number of EV charging points around the world increased by nearly 44% from 2017 to 2018. The development of these stations is fueling the advancement of the electric vehicle charging cables market.

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Depending on power supply, the market is divided into direct current (DC) and alternating current (AC) categories. Between these, the AC category is predicted to dominate the market in the forthcoming years. This is credited to the surging installation of charging facilities in various private settings such as homes and offices. The market is also classified, on the basis of cable shape, into coiled and straight categories. Of these, the straight category generated the higher revenue in the past years.

Furthermore, this category is predicted to hold the larger share in the market in the upcoming years. This is ascribed to the lower maintenance and operating costs and the greater ease of installation of these cables than the coiled ones. Across the globe, the Asia-Pacific (APAC) region held the largest share in the electric vehicle charging cables market in 2020, with China contributing the highest revenue to the APAC market.

Animal Healthcare Market in U.S.: What are the Key Growth Factors?

The surging prevalence of foodborne zoonotic diseases in the U.S. is creating a huge requirement for animal healthcare products. Such diseases are caused by the intake of water or food contaminated by pathogenic microorganisms, such as viruses, parasites, and bacteria. These disease-causing microorganisms enter the animal body through the gastrointestinal tract, where the initial symptoms are observed. Most common foodborne zoonotic diseases are caused by listeria, salmonella, E. coli, campylobacter, yersinia, trichinella, cryptosporidium, toxoplasma, giardia, and toxins of Clostridium perfringens, Bacillus cereus, Staphylococcus aureus, and Clostridium botulinum, which can be eliminated by certain animal healthcare products.  

U.S. Animal Healthcare Market Outlook

Additionally, the increasing domestic consumption and export of meat and milk will support the U.S. animal healthcare market growth in the coming years. For instance, according to the U.S. Meat Export Federation (USMEF), between January 2021 and May 2021, the country exported 408,896 metric tons (mt), 325,747 mt, 174,280 mt, 92,437 mt, 81,203 mt, 57,723 mt, 59,604 mt, and 56,290 mt pork to China/Hong Kong, Mexico, Japan, Canada, South Korea, Central America, South America, and the Association of Southeast Asian Nation (ASEAN) members, respectively. 

In recent years, companies operating in the U.S. animal healthcare market have been focusing on mergers and acquisitions and partnerships to capture a vast customer base. For example, in May 2018, Zoetis Inc. acquired Abaxis Inc., a veterinary point-of-care diagnostic instruments provider. Some of the other companies opting for such measures are Elanco Animal Health, C.H. Boehringer Sohn AG & Co. KG, Vetoquinol S.A, Bayer AG, HIPRA, Virbac Group, Huvepharma, Ceva Santé Animale, and Dechra Pharmaceuticals plc.

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Thus, the rising prevalence of foodborne zoonotic diseases, surging domestic consumption and exports of milk and meat, and increasing adoption of companion animals will accelerate the consumption of animal healthcare products in the U.S. in the foreseeable future.  

Acoustic Vehicle Alerting System Market 2021 to See Unstoppable Growth by 2030

As the adoption of electric vehicles (EVs) shoots up, the production of acoustic vehicle alerting systems (AVAS) will also surge exponentially. It is being speculated that the total number of electric cars might reach around 130 million by 2030. The rapid shift to these new-energy vehicles can be primarily owed to the rising consciousness about the high air pollution levels. To control the emission of toxic vehicular pollutants, governments and international regulatory bodies are implementing policies supporting the adoption and production of EVs.

Moreover, factors such as the declining cost of several components of AVASs and introduction of new EVs will help the acoustic vehicle alerting system market progress at a high CAGR of 11.9% during the forecast period (2020–2030). For example, it is being projected that the cost of amplifiers, battery packs, copper coils, and speakers would witness a significant decline, by around 30%, by 2025 from that in 2019. In 2019, a total of 24.7 million AVASs were integrated into electric two-wheelers and cars. Additionally, the market is expected to generate revenue of $10,578.8 million by 2030.

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According to P&S Intelligence, the Asia-Pacific (APAC) region will be the largest user of AVASs in the world owing to the large-scale adoption of EVs in the emerging economies of India and China. These nations view EVs as a suitable alternative to conventional vehicles and an effective way to achieve energy security, as these nations are highly dependent on oil imports for their energy requirements. The region is also home to several EV and component manufacturers, including those that provide AVASs. Among the APAC nations, China registers the highest sales of AVAS components because it is the world’s leading producer and user of EVs.

Thus, the rapid shift toward EVs and strong support of governments for developing new technologies will boost the adoption of AVAS in the foreseeable future. 

What are Key Factors Driving the Growth of Mexico Shower Glass Door Market?

The flourishing tourism and hospitality industries and increasing consumer focus on do-it-yourself (DIY) activities and home décor will drive the Mexican shower glass door market at a 6.7% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market stood at $255.7 million in 2020 and it is expected to reach $483.1 million by 2030. Moreover, the rising purchasing power of customers, on account of enhancing per capita income, will allow them to spend on luxury consumer goods, such as shower glass doors.

Mexico Shower Glass Door Market Outlook

The expanding tourism and hospitality sectors have a positive impact on the Mexican shower glass door market. The growth in these sectors has resulted in an exponential rise in the number of resorts and hotels. Owing to this reason, the adoption of shower glass doors has significantly increased. As bathrooms are an important part of the resorts and hotels, the service charges of rooms also depend on the luxury components of the bathrooms. 

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Moreover, the surging consumer interest in home decoration is also facilitating the Mexican shower glass door market growth. People of Mexico are showing immense interest in home décor, due to the escalating demand for attractive and fashionable interiors. People are focusing on installing shower doors and enclosures and initiating their home décor ideas. Besides, the rising popularity of the DIY concept has also boosted the sale of shower glass doors and enclosures and other home decoration products in the country.

The shower glass door products offered through indirect sales and direct sales channels in Mexico are produced by Megaluminio Servicios Sociedad Anónima de Capital Variable, Luxury Glass Doors, Contractors Wardrobe Inc., Soliglass S.A. de C.V., American Standard Brands, Luma ´k S.A. de C.V., Vitralum Glass Solutions Inc., Kinetic S.A. de C.V., VIGO Industries LLC, and Foshan Korra Bath Ware Co. Ltd. These market players are involved in the production of framed and frameless shower glass doors, which are being adopted in the country. 

Thus, the bolstering tourism and hospitality industries and the growing popularity of the DIY concept will augment the demand for shower glass doors in Mexico, during the forecast period.

Two-Wheeler Hub Motor Market to see 9.8% CAGR from 2019 to 2024

Factors such as the increasing adoption of electric two-wheelers, growing concern for carbon emissions in the environment, and introduction of advanced hub motors for two-wheelers are expected to drive the growth of the two-wheeler hub motor market at a CAGR of 9.8% during the forecast period (2019–2024), in terms of revenue. With this growth rate, the market size will increase from$4,838.5 million in 2018 to $8,458.7 million by 2024. Also, the lower lifespan of hub motors as compared to two-wheelers leads to the high demand for the former in the aftermarket.

Two-Wheeler Hub Motor Market

The increasing demand for high-power motors is a key trend in the two-wheeler hub motor market. Key manufacturers like BMW AG, Vectrix, and Zero Motorcycles Inc. offer electric two-wheelers with a motor power more than 30 kilowatts (kW), and they have plans to launch new models of higher motor power. Besides, several original equipment manufacturers (OEMs) of conventional two-wheelers have announced plans to launch high-power electric models in coming years. For example, Zero Motorcycles launched Zero DS ZF7.2, a dual-sport electric motorcycle, in 2018, with an additional 35.0% motor power.

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One of the prime factors improving the two-wheeler hub motor market is the increasing deployment of electric two-wheelers. The demand for these vehicles is rising due to the surging concern regarding carbon emission into the environment by conventional fuel-based vehicles. Thus, governments across the world are taking several initiatives, such as focusing on increasing the adoption of electric vehicles, to curb the increasing pollution levels. This factor boosts the demand for electric two-wheelers, which, in turn, drives the demand for two-wheeler hub motors.

Geographically, the Asia-Pacific (APAC) region held the largest revenue share in the two-wheeler hub motor market in 2018, and it is projected to maintain the same trend in coming years. This is ascribed to the highest demand for electric two-wheelers in China, due to the early adoption of these vehicles in the country and support from the government, in terms of incentives and subsidies. Also, the government is implementing restrictions on conventional vehicles to reduce pollution levels, which leads to the rapid adoption of electric two-wheelers, which, in turn, drives the demand for two-wheeler hub motors.

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Thus, the rising adoption of electric two-wheelers and growing concern for carbon emissions in the environment are expected to propel the demand for two-wheeler hub motors during the forecast period.

Demand for Shared Mobility Set to Explode in India in Coming Years

Due to the rapid environmental degradation because of the extensive usage of fossil fuel-powered vehicles, the government is increasingly implementing policies aimed at encouraging the adoption of shared mobility solutions in India. Moreover, the government is providing various financial incentives for promoting the adoption of these solutions in the country. For example, under the faster adoption and manufacturing of (hybrid) and electric vehicles (FAME) II scheme, the government launched initiatives for augmenting the deployment of electric vehicles for commercial purposes.

Shared Mobility Outlook For India

Additionally, in many urban cities such as Mumbai, Bengaluru, and Delhi & NCR region, authorities and companies are taking various initiatives for encouraging the adoption of shared mobility services in order to reduce the number of vehicles running on the roads. Besides, shared mobility solutions are more convenient and affordable for daily commuters, as they don’t require maintenance, parking, and insurance expenses, which are usually associated with private vehicle ownership.

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Due to the above-mentioned factors, the Indian shared mobility market is growing rapidly, and it is predicted to witness a surge in its value, that is, from $1,025.8 million to $3,952.8 million, from 2019 to 2025. Furthermore, the market is predicted to progress at a CAGR of 56.8% between 2020 and 2025. Depending on service type, the market is divided into ride sharing, car rental, ride hailing, two-wheeler sharing, bus/shuttle service, and carsharing categories.

The southern region will dominate the Indian shared mobility market till 2025, as per the estimates of P&S Intelligence, a market research company based in India. This will be due to the existence of several leading shared mobility service providing organizations in the southern cities such as Bengaluru, Visakhapatnam, Chennai, and Hyderabad. On the other hand, the market is expected to exhibit the highest growth rate in the eastern region in the coming years.

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Hence, it can be safely said that the demand for shared mobility services will skyrocket in India in the forthcoming years, primarily because of the surging deployment of electric vehicles, rising road congestion, growing implementation of favorable government policies, and the increasing concerns being raised over the escalating pollution levels in the country.

How is COVID-19 Situation Affecting Logistics Industry?

Nationwide lockdowns, restrictions on the borders, and operational hindrances on account of the outbreak of the coronavirus situation have disrupted the supply chain across the world. China has a deep-rooted supply chain network in most of the COVID-19-affected countries, including the U.K., the U.S., India, Hong Kong, Singapore, Japan, Spain, South Korea, Germany, and Italy. Apart from China, these nations are also involved in extensive trade of various essential and non-essential goods with one another. All these countries have had to temporarily discontinue their trading activities to contain the impact of the virus. 

Logistics Industry Growth

The COVID-19 impact on logistics industry can be mostly observed on offline logistics services. There has been a subsequent shift from physical shopping to online shopping due to the social distancing norms in the affected countries. These nations are embracing social distancing as a means to mitigate the spread of the coronavirus. This has resulted in a substantial switch to e-commerce platforms for procuring items that might have been otherwise bought from a brick-and-mortar store. Moreover, the shutdown of retail stores in the COVID-affected nations has put the brakes on offline-mode logistics services.

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As per P&S Intelligence, other logistics-dependent verticals, such as the food & beverage industry, also witnessed a substantial downfall in revenue due to the closure of cafés and restaurants. As eating outlets went into hibernation, the requirement for logistics services in this sector decreased severely. These services were used by food processing units to transport packaged food and drinks to retail outlets, as well as to move raw materials and the finished products between the source, factory, and warehouse. 

The COVID-19 impact on logistics industry is being witnessed in the major tactical changes being brought about by key service providers, such as Deutsche Post DHL, Supply Chain Solutions and Geodis, DB Schenker Logistics, Panalpina, Kuehne+ Nagel, Dsv Global Transports and Logistics, United Parcel Service (UPS), C.H. Robinson, and The Maersk Group. These companies are drafting backup policies to ensure recovery, so that when the pandemic subsides, the logistics industry is able to bounce back.

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Thus, the outbreak of the coronavirus has impacted all the logistics-associated industries owing to the social distancing and lockdown measures around the world.  

What are Main Factors Responsible for Surge in Seasonings and Spices Market?

With the growing consumption of convenience foods and ready-to-eat food items, the sales of seasonings and spices are rising sharply all over the world. Long working hours, increasing number of people who live alone, and the lack of cooking time because of busy and fast lives are the main factors pushing up the requirement for ready-to-eat foods. Moreover, these factors are also fueling the popularity of foodservice joints and establishments that can deliver fast services to customers.

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As the convenience and ready-to-eat foods are easy to prepare, they are widely preferred by working people and businesspersons over the foods that need a lot of cooking time. Furthermore, there has been a sharp surge in the sales of baked foods and confectionary products, especially in the developed nations, in the last few years. This has massively boosted the demand for seasonings and spices from industries related to confectionary products and processed foods. 

Seasonings and Spices Market

Additionally, the thriving hospitality industry and increasing tourism activities in several countries are propelling the demand for seasonings and spices. Nowadays, people are more willing than ever to try exotic and regional cuisines. Because of these factors, the sales of seasonings and spices are rising rapidly. This is, in turn, causing the boom of the global seasonings and spices market. The market valuation is predicted to grow from $21.5 billion to $30.4 billion from 2017 to 2023.

Furthermore, as per the estimates of P&S Intelligence, a market research firm based in India, the market would advance at a CAGR of 6.0% between 2018 and 2023. Between the whole and ground seasonings and spices, the demand for the former was found to be higher in the past years. This was because whole seasonings and spices were extensively used in both residential and commercial settings in the years gone by.

Globally, the seasonings and spices market will boom in Asia-Pacific (APAC) in the forthcoming years. This would be due to the increasing production of spices in various regional countries, the presence of favorable environmental conditions for spice farming, and the enactment of favorable government regulations regarding spice production in the region. For example, as per the Vietnamese Ministry of Agriculture and Rural Development, the total black pepper production in the country would grow by around 30% in the coming years. 

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Hence, it can be said with surety that the demand for seasonings and spices would shoot-up all over the world in the upcoming years, mainly because of the rising popularity of convenience and ready-to-eat food items, baked foods, and confectionary products and exotic dishes.  

Growth of the Automotive LiDAR Market in Europe

More than 1.3 million people are killed in road accidents every year, according to the World Health Organization (WHO). Seeing this, many governments have started promoting the usage of vehicles with advanced driver assistance systems (ADAS). Such moves have picked pace especially since the realization that most of the road crashes are a result of human errors, such as driving at more than the mandated speed limit, talking on the phone or sleeping while driving, cutting tight corners, jumping red lights, and driving too close to the automobile in front.

Automotive LiDar Market

This is why P&S Intelligence predicts that the automotive LiDAR market value will increase to $14,754.7 million by 2030 from $289.3 million in 2019, at a high 26.1% CAGR during 2020–2030. This is because the light detection and ranging (LiDAR) technology is used by numerous safety systems now being integrated into automobiles, such as adaptive cruise control (ACC), blind spot detection (BSD), automatic emergency braking (AEB), and lane keeping assistance system (LKAS). 

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Among these, the usage of LiDAR sensors is increasing swiftly in AEB systems, as they help prevent accidents by warning drivers if they get too close to the vehicle in front. The electronic control module of the system measures the pressure on the throttle (accelerator) to ascertain whether it is pressed or not. If the vehicle comes too close to the one in front and if the driver hasn’t yet stepped off the gas, it applies the brakes automatically. Thus, even if the AEB system cannot prevent the accident, it considerably reduces the severity of the crash.

Between passenger cars and commercial vehicles, the passenger car bifurcation dominated the automotive LiDAR market in 2019, on the basis of vehicle type. This is because more than 70% of the automobiles manufactured are passenger cars, which is why the sale of autonomous cars has been higher than autonomous commercial vehicles, which are also picking up rapidly. With people’s rising disposable income and increasing concerns for vehicle and passenger safety, the sales of level 1–3 cars are burgeoning around the world.

Presently, Europe is generating the highest demand for LiDAR sensors and LiDAR-based systems because of the strict mandates of the European Union (EU) regarding road safety. The EU has made the integration of AEB, intelligent speed assistance, and emergency stop signal systems a mandate in all commercial and passenger vehicles in member countries. Moreover, regional automakers, including Volkswagen and BMW, are undertaking extensive R&D on autonomous driving systems. In addition, several European countries have allowed the testing of fully autonomous vehicles in controlled environments.

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Hence, with the rising demand for autonomous vehicles, the requirement for autonomous LiDAR sensors is increasing.