Why Are Hospitals Offering Air Ambulance Services?

Governments across the world are making numerous efforts to deploy air ambulance services in specific areas to offer better and immediate treatment to patients. For example, in August 2019, the government of Tamil Nadu, India, established air ambulance facilities to shift patients suffering from chronic diseases and people injured in road accidents at distant locations to healthcare centers located within a 200–300 km radius. Likewise, China has introduced a pilot project for offering air ambulance services to patients residing in places with no medical facilities.

Moreover, the mounting number of air ambulance fleets will drive the air ambulance services market at a 5.4% CAGR during the forecast period (2020–2030). The market was valued at $8.9 billion in 2019, and it is projected to generate around $15.9 billion revenue by 2030. Air ambulance fleets are being expanded to offer faster services in areas lacking medical care facilities and in accident-prone areas. Leading private and public hospitals are partnering with aircraft operators to provide air ambulance services to patients requiring immediate attention.

According to the P&S Intelligence, North America has emerged as the largest user of air ambulance services in the recent past due to the presence of a large number of leading service providers in the U.S. Moreover, the existence of the requisite infrastructure for such services in the U.S. will encourage their adoption in the coming years. Additionally, the surging per capita income and increasing affordability of these services will augment their usage.

The Asia-Pacific (APAC) air ambulance services market is expected to demonstrate the fastest growth during the forecast period. This will be due to the increasing affordability of these services and soaring cases of cardiovascular diseases (CVDs) requiring immediate advanced medical care in India and China. Besides, the mounting focus of service providers on collaborations, for the betterment of the healthcare industry, will contribute to the market growth in the region in the forecast years.

Thus, the surging government support for the integration of air ambulance services in the healthcare sector and expanding network of air ambulance bases will encourage the usage of such services.

Indian Electric Vehicle Supply Equipment Market to See Massive Growth by 2025

Factors such as the burgeoning demand for electric vehicles (EVs) and increasing installation of chargers and charging stations are expected to drive the Indian electric vehicle supply equipment (EVSE) market at a healthy CAGR of 54.2% during the forecast period (2019–2025). According to P&S Intelligence, the market was valued at $1,027.9 thousand in 2019, and it is projected to exceed $13,833.0 thousand revenue by 2025. Additionally, the rising environmental concerns and surging government support toward EV adoption and EVSE installation will also contribute to the market growth.

The booming demand for EVs, on account of the escalating concerns regarding high air pollution levels and increasing government initiatives in the form of subsidies and incentives on the production and adoption of such new energy vehicles, is one of the key growth drivers for the market. According to the Society of Manufacturers of Electric Vehicles (SMEV), EV sales in India rose from 129,600 units in the financial year 2018–2019 to 155,400 in the financial year 2019–2020.

Geographically, the Western region accounted for the highest share in the Indian EVSE market in 2019, due to the increasing government support for the production and adoption of EVs in the region, especially in Maharashtra and Gujarat. Moreover, the mounting per capita income in this region will also drive the demand for EVSE, owing to the booming EV demand. Additionally, the presence of leading EV and EV component manufacturers in western India will also supplement the market growth in the forecast years.

Thus, the burgeoning EV demand and increasing installation of EV charging stations will facilitate the market growth. 

Automotive LED Lighting Market Set for Prosperity in Future

As per several research studies, light-emitting diode (LED) automotive lights are up to 85% more energy efficient than incandescent and halogen lights. For vehicles powered by gasoline (petrol) and diesel, they could lead to substantial savings in fuel expenses, while for electric vehicles (EVs), they could add up to 6 miles (9.5 km) of driving range. Thus, with the increasing focus on making automobiles fuel efficient, in the face of the rising greenhouse gas (GHG) emissions from the transport sector, the demand for LED lights could rise manifold.

Therefore, P&S Intelligence expects the automotive LED lighting market value to grow significantly during 2021–2030. The key reason here would be the rising vehicle sales as a result of the economic prosperity in developing and developed countries. The improving financial health is also driving the interest, especially of the youth, in fancy car interiors, such as those made popular by the depictions of the drag racing culture in movies and TV shows. As the sleek design of LED lights and their high illumination make them perfect for setting the ambiance, their usage in vehicle interiors is surging.

Presently, the automotive LED lighting market is dominated by Asia-Pacific (APAC), which accounts for the highest production and sale of vehicles. China, India, Japan, and South Korea are the largest auto markets in the world, with Vietnam and other developing countries also becoming significant. As owning a car is considered a status symbol, youths are retrofitting theirs with innovative and dazzling LED lights, especially those inspired by the Fast and the Furious series. Moreover, with the growing shared mobility culture, even fleet operators are installing such lights in their luxury cars.

Thus, with the rising automotive sales, coupled with the strong focus on energy efficiency and GHG emission reduction, the usage of LED lights in vehicles will increase.

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Baby Food Market Demand Expected to Shoot Up in Asia-Pacific in Coming Years

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.

Baby Food Market Outlook

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 works with more than 800 companies across the world for accelerating women into leadership positions, in India, 20.3% of the women in the age group—15 years and older—were working in 2020.

This is credited to the growing public preference for buying baby food products via various e-commerce platforms over other distribution channels. Across the globe, the Asia-Pacific (APAC) region generated the highest revenue in the baby food market in 2020 and it is predicted to be the fastest growing region during the forecast period as well. This will be because of the surging population of working women, high birth rates, soaring disposable income of people, ballooning public awareness about baby food products, and increasing research and development (R&D) activities being carried out by several baby food producing companies in the region.

Hence, the sales of baby food products are certain to shoot up in the coming years, owing to the surging population of working women, growing disposable income of people, falling infant mortality rate, and rising public awareness about infant nutrition all over the world.

Electric Bus Charging Station Market Predicted to Surge in Coming Years

The growing usage of electric buses in public transport fleets in various countries is one of the major factors propelling the demand for electric bus charging stations around the world. With the enactment of the Kyoto Protocol in 192 countries in 2005, many countries are rapidly implementing policies aimed at facilitating their transition towards low carbon economies. Incentive programs such as subsidies, grants, and tax rebates are increasingly being launched by various governments for improving the electric bus charging infrastructure.

Besides the aforementioned factors, the soaring investments being made for the development of electric bus charging stations are also positively impacting the demand for these charging stations across the globe. This is, in turn, fueling the expansion of the global electric bus charging station market. As a result, the market valuation is predicted to rise from $6.6 billion in 2018 to $12.3 billion by 2025. Furthermore, the market will grow at a CAGR of 9.7% from 2019 to 2025.

Depending on type, the market is categorized into opportunity charging, inductive charging, and depot charging categories. Out of these, the depot charging category recorded the highest growth in the market in the past years. This was because of the high preference of several private and public transport agencies for overnight charging buses, on account of the fact that these buses have similar operational characteristics to the conventionally used diesel buses.

When charger is taken into consideration, the electric bus charging station market is classified into on-board and off-board chargers. Between these, the on-board charger category recorded higher growth in the market during the last few years. In the coming years, the off-board charger is predicted to exhibit faster growth in the market. This is ascribed to the fact that these chargers allow bus manufacturers to reduce the weight of the buses and provide quick charging at high power levels. 

Hence, it is safe to say that the demand for electric bus charging stations will skyrocket all over the world in the coming years, primarily because of the rising adoption of electric buses in public transport fleets and the increasing enactment of favorable government policies and regulations regarding the usage of electric buses in several countries. 

Organic Personal Care Products Market to Witness Robust Growth in Coming Years

Organic personal care products are primarily derived from natural sources, such as flowers, herbs, leaves, plant roots, essential oils, and barks. The natural components are combined with naturally occurring preservatives, emulsifiers, carrier agents, humectants, and surfactants. These natural ingredients induce anti-oxidation property and offer skin immunity to personal care products, such as skincare, oral care, and hair care products and color cosmetics. Among the various types of products, customers mostly opt for organic skincare products, due to the rising concerns regarding skincare and anti-aging.

In recent years, the increasing awareness among customers regarding advantages of organic personal care products over synthetic products has supported the progress of the organic personal care products market. Additionally, the surging population of working-class women in emerging economies, such as India, China, and Brazil, will also fuel the consumption of such products in the coming years. According to the World Bank, in 2019, around 22.26% of the female population in India, within the age group of 15–64 years, were a part of the workforce of the country.

According to P&S Intelligence, the APAC organic personal care products market will advance at the highest rate in the foreseeable future. This will be due to the soaring popularity of and concerns regarding hair and skincare products in India and China, and increasing disposable income of the people. Among APAC nations, Japan consumes organic personal care products at a considerable rate, due to the aging population that requires cosmetics in large quantities. 

Thus, the surging customer awareness about organic products and the booming women workforce will augment the usage of organic personal care products in the coming years.  

What are Key Factors Driving the Growth of Non-Sugar Sweeteners Market?

Non-sugar sweeteners are substitutes for sugar, and they have different properties than organically produced sugar. This condiment is often advised by doctors to patients suffering from diabetes and reactive hyperglycemia. As the consumption of sugar-based food products harms the health of diabetic patients, food and beverage companies are focusing on the production of sweet dishes and bakery items made from non-sugar sweeteners. In recent years, the consumption of non-sugar-sweetener-based products has significantly surged in low- and middle-income countries (LMICs) due to the rising number of diabetes patients.

Thus, the increasing cases of diabetes, especially in LMICs, will support the progress of the non-sugar sweeteners market in the foreseeable future. The International Diabetes Federation (IDF) says that around 463 million individuals within the age group of 20–79 years had diabetes in 2019, globally. Furthermore, the federation forecasts that 578 million and 700 million people within the same age group will be affected by this common disorder of the endocrine system by 2030 and 2045, respectively.

According to P&S Intelligence, the European non-sugar sweeteners market will exhibit the fastest growth in the forthcoming years due to the surging incidence of diabetes and rising awareness about healthy eating, which involves reducing the sugar intake. According to the Organisation for Economic Co-operation and Development (OECD), around 32.3 million adults in the European Union (EU) were diagnosed with diabetes in 2019. As per the IDF, 465,916,400 diabetes-related deaths were recorded in 2019. Furthermore, the IDF forecasts that 65,993,300 people within the age group of 20–79 years in Europe will be diagnosed with diabetes by 2030.

Thus, the soaring prevalence of diabetes and escalating urbanization rate will fuel the use of non-sugar sweeteners.

Automotive Simulation Market Set for Prosperity in Future

Automotive simulation is the usage of simulation software for model testing and prototyping of an automobile to ensure the complete functionality of the vehicle. In recent years, automakers have been increasingly using this software for vehicle testing because they are working on several models based on varying parameters, which need model testing before they are validated and finalized. In the coming years, advanced simulation software and related technologies will be largely used for autonomous cars, smart driving truck platooning, and fleet management.

The surging integration of simulation features in vehicles can be credited to the growing awareness about vehicle and passenger safety. Owing to this reason, the automotive simulation market will register considerable growth during 2020–2030. At present, simulation software developers and automotive original equipment manufacturers (OEMs) are actively focusing on research and development (R&D) activities to introduce advanced systems. To offer advanced solutions, OEMs are increasingly using the internet of things (IoT) technology in their safety systems.

In recent years, automation simulation software providers, such as dSPACE GmbH, The MathWorks Inc., Synopsys Inc., Dassault Systmès SE, ANSYS Inc., Siemens AG, PTC Inc., SIMUL8 Corp., and Altair Engineering Inc. have been emphasizing on partnerships and mergers and acquisitions to develop innovative technologies and improve their product performance. The technologies offered by such companies aim at enhancing safety features and offering assistance to the drivers. Moreover, with the ongoing developments in autonomous technology, simulation software will be required in abundance in the forthcoming futures.

Thus, the surging awareness about vehicle and passenger safety and mounting sales of conventional vehicles and EVs will create a huge requirement for automotive simulation software and services in the foreseeable future. 

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India E-Rickshaw and On-Demand Ride Hailing Market Expected To Reach Highest CAGR by 2030

Due to the increasing pollution levels in many towns and cities, the usage of e-rickshaws and on-demand ride-hailing services is growing rapidly in India. Moreover, the growing prevalence of various lung diseases, on account of the escalating air pollution levels, is pushing up the requirement for eco-friendly modes of transportation such as e-rickshaws and also convenient modes of traveling such as on-demand ride-hailing solutions in the country. These traveling modes are highly environment-friendly and massively reduce the road congestion levels.

This, in turn, reduces the chances of road accidents in the country. In cities such as Chandigarh, Kolkata, Ahmedabad, and Delhi-NCR, people are increasingly preferring low-speed electric vehicles, particularly e-rickshaws for traveling over the conventionally used vehicles. Moreover, the Indian government is enacting various initiatives and policies for promoting the usage of e-rickshaws in the country. Many public bodies and government organizations are rapidly announcing partnerships with each other for augmenting the deployment rate of e-rickshaws in the country.

This is driving the expansion of the Indian e-rickshaw and on-demand ride-hailing market. The increasing operations of various transportation network companies (TNC) in this domain are facilitating the rapid adoption of several advanced mobile technologies such as global positioning service (GPS)-enabled apps. These technologies are used for enabling the smooth and faster booking of rides and mitigating the various challenges that are usually present with regards to last/first mile connectivity, thereby improving the user experience. 

Hence, it can be said with full confidence that the demand for e-rickshaws and on-demand ride hailing services is rising explosively in India, mainly because of the growing requirement for environment-friendly and convenient modes of traveling especially among the daily commuters. 

Demand for Hybrid and EV Battery Booming Globally

Factors such as the advancements in lithium-ion (Li-ion) battery technology for electric vehicles (EV) and development of EV charging infrastructure will boost the hybrid and electric vehicle battery market growth during the forecast period (2016–2022). Li-ion batteries are ideal for EVs and hybrid EVs (HEVs) as they offer high energy efficiency and long life to such vehicles. In addition, these batteries do not have any memory effects on these new-energy automobiles.

In recent years, the usage of lithium–nickel–manganese–cobalt oxide (Li-NMC) batteries has become a major trend in the hybrid and electric vehicle battery market. The rising adoption of these batteries can be owed to the burgeoning demand for a higher driving range in passenger cars from a single charge. Li–NMC batteries offer a higher driving range due to their greater energy density. Moreover, the booming demand for lightweight vehicles is also augmenting the demand for these batteries worldwide.

Hybrid and EV Battery Market Outlook

At present, the market is dominated by few players. However, the growing investments in the battery production field, on account of the soaring EV and HEV sales, are expected to pave the way for new players. The surging shift toward EVs will also lead to the establishment of new battery production facilities by the existing players. For instance, in October 2014, Panasonic Corp. set up a new battery manufacturing plant for Li-ion batteries in North America. This production unit was established under its subsidiary Panasonic Energy Corporation of North America.

Asia-Pacific (APAC) held the largest share in the hybrid and electric vehicle battery market during 2012–2015 (historical period), and it is expected to retain its dominance in the forecast years. This can be attributed to the strong presence of battery manufacturers in China, South Korea, and Japan. Owing to this factor, the cost of EV batteries has been lower in APAC as compared to other regions. Moreover, the abundant quantity of raw materials, such as lithium and cobalt, in APAC also propels battery production in this region.

Thus, the increasing demand for Li–NMC batteries from EV manufacturers, owing to the high EV sales and high demand for lightweight vehicles, will facilitate the market growth in the coming years.

Meat Substitutes Market to Witness Robust Growth in Coming Years

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 plant-based foods, such as legumes, fruits, and vegetables, which emit lower amounts of greenhouse gases (GHGs) than red meat over their lifetime.

Globally, the North American meat substitutes market is expected to generate the highest revenue during the forecast period, due to the rising customer preference for meat alternatives derived from plant-based ingredients and escalating health awareness among the populace of the region. As per the Academy of Nutrition and Dietetics, vegans are less likely to develop cancer, heart disease, high blood pressure, and diabetes than meat-eaters. Moreover, the weight of vegans is nearly 20 pounds less than meat-eaters.  

Therefore, the rising concerns regarding food nutrition, sustainability, and security and increasing shift toward vegan diets will catalyze the market growth in the forthcoming years. 

COVID-19 Impact Analysis on Automotive Infotainment Market Insights on Strategies of Key Players

The burgeoning requirement for human machine interface (HMI) systems and booming sales of passenger vehicles are fueling the demand for automotive infotainment systems across the world. For instance, Nissan has announced it has started the development of self-driving cars for replacing human requirement for operating the vehicle. These systems provided various advantages such as improved scheduling and routing, reduced operating costs, and enhanced driver productivity. According to the India Brand Equity Foundation (IBEF), the production of automobiles in India grew at a CAGR of 2.36% from FY16 to FY20 and reached 26.36 million units in FY20.

Apart from this, the surging deployment of small and medium-sized cars is also propelling the sales of automotive infotainment systems. Additionally, the rapid advancements being made in wireless technologies are also fueling the development of automotive infotainment products and services. The adoption of voice interface systems in vehicles is also creating lucrative growth opportunities for the players operating in the automotive infotainment market. Automotive infotainment systems basically refer to information and entertainment systems such as software platforms, digital versatile disc (DVD) players equipped with video screens, and audio systems such as rear sear entertainment and its accessories, radio, and navigation devices like GPS.

Many original equipment manufacturers (OEMs) have began working with suppliers for developing low-cost and feature-packed infotainment systems, which are particularly priced for low to medium segment cars. Furthermore, many automobile manufacturers are providing software updation kits to their customers for saving cost and time and improving customer experience. The other major factor propelling the demand for automotive infotainment systems is the surging deployment of electric vehicles across the world, as per the observations of the market research company, P&S Intelligence.

Hence, it can be safely said that the demand for automotive infotainment systems will soar in the coming years, mainly because of the increasing deployment of electric vehicles, surging passenger car sales, and growing requirement for HMI systems in vehicles.

Antioxidants Market to Witness Robust Expansion by 2030

The increasing consumption of processed foods is driving the demand for antioxidants. As processed food items are high in carbohydrates, saturated fats, free sugars, sodium, and total fats and low in various essential nutrients such as vitamins, potassium, proteins, and fiber, their increasing consumption is responsible for several health problems such as low and high blood pressure. The rising prevalence of such health problems is fueling the demand for natural antioxidants, as these compounds protect the cells from the harmful effects of free radicals, which are present in processed foods.

Apart from the aforementioned factor, the surging popularity of healthy food items, growing public awareness about food safety, and mushrooming demand for foods that can be stored for a long period of time are also propelling the sales of antioxidants across the world. Synthetic antioxidants such as butylated hydroxyanisole (BHA) and tert-butylhydroquinone (TBHQ) are being increasingly used in the food industry for extending the shelf life of food items. Both are safe for consumption and very effective in protecting the food items from oxidation (fat rancidity and color changes).

Additionally, the increasing urbanization rate, soaring disposable income of people, and escalating working hours are also pushing up the demand for processed and fast foods, thereby powering the growth of the global antioxidants market. 

The antioxidants present in fruits help fight several kinds of health problems such as cardiovascular diseases. Moreover, the ballooning use of antioxidants in animal feed is also driving their demand in the food and beverages industry. For example, vitamin E is heavily used in the feed given to pigs. Across the globe, the sales of antioxidants will surge sharply in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of the market research company, P&S Intelligence. 

This will be a result of the changing lifestyles of consumers, growing incidence of health problems, surging disposable income of people, and burgeoning requirement for anti-aging products in the region. Due to these factors, many antioxidant producing companies across the world such as Koninklijke DSM N.V. and Nutreco N.V., are taking various steps such as announcing acquisitions with other organizations, for strengthening their industry position and catering to a large consumer pool. 

Hence, it can be safely said that the demand for antioxidants will boom in the upcoming years, primarily because of the increasing consumption of processed foods across the world.