Why will Demand for Dry Shampoo Surge in Asia-Pacific in Future?

Dry shampoo refers to the shampoo that cleans hair and reduces hair greasing without requiring water. It is mainly available in two forms all over the world namely aerosol spray and powder. Dry shampoo works by absorbing the oil present in the hair and the scalp. It makes the hair look fresh and shiny.With the growth of the fashion industry and rising fashion consciousness among people, the sales of dry shampoo are climbing all over the world. 

Moreover, the emergence of advanced formula-based hare care solutions has made dry shampoo extremely popular among hair stylists and models. This is because the excessive usage of chemical hair stylers and conventional wet shampoo causes scalp issues and makes the hair dry and brittle, which subsequently leads to hair fall. As a result, hair stylists and individuals are increasingly preferring products such as dry shampoo that eliminate the requirement for excessive hair washing. 

As per the findings of Unilever, around 83% of the women residing in the U.S. skip hair wash at least once during a week. Besides this, dry shampoo allows people to reduce the time taken for hair cleaning and styling. This is why dry shampoo is the ideal hair cleaning product for people who are frequently traveling. This product is also rapidly becoming highly sought after among the working-class people.

This is because working-class individuals, usually, don’t have enough time on their hands for elaborate and thorough hair washing and styling procedures due to the hectic nature of their jobs. Moreover, they need regular hair cleaning because of dirt and pollution and frequent traveling from one place to another. The advent of innovative dry shampoo products such as tinted dry shampoo, glitter dry shampoo, and dry shampoo texture sprays is further boosting the worldwide popularity of dry shampoo. 

Apart from the aforementioned factors, the aggressive advertising campaigns being launched by the dry shampoo producing companies and the growth of the e-commerce industry are also propelling the sales of dry shampoo across the world. This is, in turn, driving the progress of the global dry shampoo market. According to the forecast of P&S Intelligence, a market research firm based in India, the market would exhibit explosive growth in the forthcoming years. 

Historically, the sales of dry shampoo products have been observed to be the highest in North America. However, in the coming years, the demand for these products is predicted to be the highest in the Asia-Pacific (APAC) region. This would be because of the development of anti-hair fall and anti-dandruff dry shampoo, the growth of retail stores, and the rising adoption of advanced hair care products by the people of the APAC countries.

Hence, it can be safely concluded that the sales of dry shampoo would soar all over the world in the years to come, mainly because of the growing requirement for advanced hair care products, the rising need for dry hair cleaning solutions, and the surging fashion consciousness among people across the world. 

U.S. ADAS Market: What are the Key Growth Factors?

The need for increasing safety and security of vehicles, for the sake of both drivers and pedestrians, is increasing day by day all over the globe, including the U.S. As per the Association of Safe International Road Travel, over 38,000 people die in crashes every day on roadways in the U.S. In addition to this, about 4.4 million people are injured enough to need medical intervention. The country suffers from 50% more road crash deaths among all high-income countries, which further increases the cost of dealing with these situations. Because of these factors, the auto manufacturers are increasingly involved in coming up with advanced solutions that can increase the safety of vehicles. 

One such solution is the integration of advanced driver assistance systems (ADAS) in cars. ADAS is utilized for describing the different safety features that are being integrated in vehicles to enhance driving experience by decreasing the severity and number of vehicle crashes. The system can warn the driver and further intervene for helping the driver to remain in control of the vehicle in case the possibility of an accident arises. In addition to this, if the accident cannot be avoided, ADAS can ensure that its severity is decreased. 

Attributed to such advantages, the U.S. ADAS market is expected to grow at a substantial rate in the near future. ADAS can be integrated in medium & heavy commercial vehicles, passenger cars, and light commercial vehicles. The system consists of a number of sensors, including laser sensor, ultrasonic senor, radar sensor, light detection and ranging sensor, and infrared sensor. Out of all these, the demand for radar sensors is predicted to be the highest in the coming years, which can be ascribed to the increasing applications in autonomous and connected vehicles and reducing cost of these sensors. 

ADAS includes a number of systems for making sure that the safety of vehicles is improved, such as adaptive front-lighting system, tire-pressure monitoring system, lane departure warning systems (LDWS), drowsiness monitoring system, adaptive cruise control system, parking assist system, and blind spot detection system. Out of all these, the demand for LDWS systems is projected to increase considerably in the years to come. The system is designed for alerting the driver when vehicle is leaving a detected lane and if the turn signal is not activated. This ensures that passengers and driver remain safe from crashes, such as striking a car in the adjacent lane. 

In addition to this, introduction of innovative products by key companies in the domain and strict government regulations in the country are further expected to drive the demand for LDWS. Other than this, the U.S. ADAS market is predicted to grow in the coming years because of the emergence of multifunctional sensors in the market. The companies in the domain are further entering into partnerships and joint ventures for developing advanced systems. 

Hence, the demand for safety of roads is leading to the growing adoption of ADAS in the U.S. 

Driving Simulator Market Key Trends And Opportunity Areas by Leading Players

 Factors such as the burgeoning demand for vehicles, soaring number of research and development (R&D) initiatives in the domain of advanced driver-assistance systems (ADAS), and surging demand for skilled drivers, owing to the high road accident rate, will facilitate the driver simulator market during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at ~$2 billion in 2020. Moreover, the surging need for skilled commercial vehicle drivers for logistics services will support the market growth in the foreseeable future.

In recent years, the advent of autonomous vehicles has become a prominent market trend. Automakers across the world are heavily investing in the development of components, such as sensors and processors, that are installed in autonomous vehicles. Nowadays, automotive original equipment manufacturers (OEMs) are using driving simulators to test the performance and capabilities of these components and features, as driving simulator systems deliver excellent testing competence in realistic surroundings. The rapid advancements being made in the autonomous technology will drive the demand for driving simulators in the coming years. 

At present, the driving simulator market is moderately consolidated in nature due to the presence of few players, such as Cruden B.V., MTS System Corp., Ansible Motion Ltd., NVIDIA Corp., AutoSim AS, OKTAL SYDAC, CAE Inc., Mechanical Simulation Corp., Dallara Group Srl, and Moog Inc. Nowadays, these players are focusing on product launches to gain a competitive edge in the market. For instance, in July 2020, Anthony Best Dynamics Ltd. introduced a static driving simulator that delivers high levels of driver immersion.

Categories under the simulator type segment of the driving simulator market are advanced simulator, compact simulator, and full-scale simulator. Among these, the compact simulator category generated the highest revenue in 2020, and it is expected to retain its dominance throughout the forecast period. This can be credited to the wide application base of compact simulators in off-highway and commercial vehicles. Besides, the lower cost of such driving simulators as compared to advanced and full-scale simulators will also facilitate the growth of this category during the forecast period. 

Geographically, North America held the largest share in the driving simulator market in 2020, due to the surging number of vehicles on North American roads. Moreover, the rising implementation of stringent government regulations for road safety and traffic control facilitates the market growth in the region. Additionally, the increasing advancements being made in the driving simulator technology, to prevent potential failures that might lead to driver injuries, are also contributing to the market growth in the region.

Whereas, Asia-Pacific (APAC) is expected to demonstrate the fastest growth in the driving simulator market during the forecast period. This can be primarily attributed to the implementation of stringent road safety regulations in South Korea and Japan. Moreover, the burgeoning passenger vehicle sales, on account of the improving lifestyle, booming population, and soaring number of metro cities in APAC, will contribute to the regional market growth in the forthcoming years. 

Thus, the increasing adoption of autonomous vehicles and booming need for enhanced driving experience will facilitate the market growth in the forecast years.  

India Interior Design Market to Witness Robust Growth in Coming Years

The Indian interior design market revenue stood at $22,939.7 million in 2020, and it is predicted to rise significantly from 2021 to 2030 (forecast period). The market is being driven by the increasing real estate activities, mushrooming population, surging disposable income of people, soaring implementation of government initiatives for promoting and developing real estate, and rapid urbanization in the country. As per Invest India, India’s construction sector grew by 5.6% from 2016 to 2020, as compared to the 2.9% growth rate it exhibited between 2011 and 2015.

Furthermore, the real estate sector in the country attracted investments worth $5 billion in 2020. Additionally, the construction sector in the country is predicted to become the third largest in the world by 2025. These are primarily credited to the policies of the central government and the launch of real estate development programs by various state governments. Thus, with the surge in the real estate sector and increasing construction activities, the demand for interior designing services will shoot up in India in the coming years. 

Besides, the surging disposable income of people is also propelling the growth rate of the Indian interior design market. Depending on end use, the market is divided into residential and commercial categories. Between these, the commercial category is predicted to contribute higher revenue to the market in the coming years. This is attributed to the booming commercial real estate sector in the country. Additionally, with the changing work culture in the country, the interiors of offices and commercial spaces are becoming very important. 

The players operating in the industry are focusing on collaborations in order to provide advanced interior designing solutions to their clients. For instance, Signify N.V. entered into a partnership with Livspace (Home Interior Designs E-Commerce Pvt. Ltd.) in August 2019. This partnership made the lighting products developed by Signify N.V. available to the architects and interior designers of India who are designing and decorating homes on the Livspace platform. 

Hence, the market will grow substantially in the coming years, mainly because of the booming real estate sector, rising disposable income of people, and rapid urbanization in the country.

Memory Market for Autonomous and Connected Vehicles to Witness Robust Growth in Coming Years

The growing requirement for a better driving experience is one of the major factors fueling the demand for memory solutions for autonomous and connected vehicles across the world. The surging number of commercial vehicles and passenger cars in several countries is resulting in various problems such as the high incidence of road accidents, long traffic jams, and the lack of availability of proper parking spaces, especially in the developing countries such as China, Indonesia, and India. 

For example, 1.35 million deaths are caused all over the world because of road accidents every year, according to the findings of the World Health Organization (WHO). Moreover, 93% of these deaths occur in low- and middle-income countries, that account for as much as 60% of the global vehicle fleet, according to the WHO. Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity features are very useful for tackling these issues and improving the overall driving experience. 

This is why many automobile manufacturing companies are increasingly integrating these features in their vehicles. Apart from these factors, the increasing deployment of electric vehicles (EVs) is also positively impacting the global demand for memory systems for autonomous and connected vehicles across the world. This is, in turn, driving the advancement of the global memory market for autonomous and connected vehicles. The market reached a valuation of $4,310.8 million in 2019.

Geographically, the memory market for autonomous and connected vehicles registered the highest growth in North America in the past years and this trend will continue in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is credited to the burgeoning sales of connected and autonomous vehicles, on account of the surging disposable income of people, and the increasing number of automotive technology developing companies in this region. 

Hence, it can be said with full surety that the demand for memory solutions for autonomous and connected vehicles will soar all over the world in the future years, mainly because of the growing deployment of electric vehicles and the rising requirement for a better and safer driving experience.  

Plant-Based Protein Market is Poised to Drive Accelerated Expansion in Coming Years: P&S Intelligence

The global plant-based protein market reached a revenue of $11,104.3 million in 2020 and it is predicted to advance at a CAGR of 9.2% from 2020 to 2030 (forecast period). According to the estimates of the market research company, P&S Intelligence, the market will attain a value of $26,721.3 million by 2030. The major factors driving the market are the growing intolerance of people to animal protein, surging customers’ expenditure, and rising public awareness about healthy plant-based foods.

The rise in customer spending and rapid improvements in the living standards of people are pushing up the sales of plant-based proteins across the globe. As per the World Bank, the total expenditure of customers rose from $49.33 trillion in 2010 to $64.130 trillion in 2019. Furthermore, the growing popularity of the vegan lifestyle, owing to its eco-friendliness, is also positively impacting the worldwide demand for plant-based proteins. Besides, the increasing incidence of animal protein intolerance among people, especially in Western countries, is also propelling the expansion of the plant-based protein market.

Geographically, North America contributed the highest revenue to the plant-based protein market in the past. This was because of the growing preference of people for natural ingredients in the food and beverage industry and surging concerns being raised over the rising prevalence of obesity in the region. In the coming years, the market is expected to exhibit the fastest growth in the Asia-Pacific (APAC) region, owing to the growing population of vegetarians, rising income of people, and soaring requirement for protein among people in the region.

Hence, it can be safely said that the demand for plant-based proteins will surge sharply in the upcoming years, mainly because of the growing disposable income of people, rising popularity of the vegan lifestyle, and increasing intolerance of people toward animal protein across the world.

North American Autonomous Car Market to Witness Robust Growth in Coming Years

With the surging demand for safe and efficient driving options and advancements in electric and connected car technologies, the demand for autonomous cars is growing rapidly in North America. Moreover, the federal and the state governments in the region are enacting policies for promoting the adoption of these cars. Every year, the region is witnessing the enactment of a large number of legislations regarding autonomous vehicles. For instance, in the U.S., 15 states enacted as many as 18 autonomous vehicle related legislations, while 29 states passed autonomous vehicle related policies in 2018.

Besides the aforementioned factors, the mushrooming popularity of connected cars is also fueling the demand for autonomous cars in the region. These cars are equipped with advanced systems and features such as traffic and collision warnings, real-time traffic monitoring, road side assistance, and smartphone connectivity with vehicle. As connected cars must be equipped with V2I and V2V connectivity, which is extremely necessary for vehicle autonomy, the adoption of autonomous technology is easier in these cars than in conventional cars.

Due to the above-mentioned factors, the demand for autonomous cars is soaring in North America, as a result of which, the revenue of the North American autonomous car market is expected to rise to $52.3 billion by 2030. Furthermore, the market will advance at a CAGR of 17.1% from 2023 to 2030, as per the estimates of the market research company, P&S Intelligence. When autonomy is taken into consideration, autonomous cars are categorized into fully and semi-autonomous cars.

In North America, the popularity of autonomous cars was found to be higher in the U.S. in the past years. This was because of the inclination of customers for more-advanced cars (level 2 autonomy) in the country. In addition to this, the country is home to a large number of original equipment manufacturers (OEMs), who are rapidly manufacturing new models equipped with advanced automation systems and features, which is also boosting the demand for autonomous cars.

Thus, due to the soaring popularity of connected cars, surging requirement for greater vehicle safety, and the increasing implementation of supportive policies regarding autonomous car deployment by various governments, the sales of autonomous cars will boom in North America in the coming years.