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Showing posts from December, 2020

Hybrid and Electric Vehicle Battery Market Drivers, Opportunities, and Trends in Coming Years

  The swelling EV market will create an uninterrupted demand for EV batteries. EV manufacturers are rapidly shifting toward lithium–nickel–manganese–cobalt oxide (Li-NMC) batteries from lithium–ironphosphate (LFP) batteries because of the demand for energy-efficient passenger cars, which can cover longer distances on a single charge. The reducing price and high energy density of Li-NMC batteries have led to the increasing demand for them in recent years, a scenario that would exist in the future as well. The application segment of the  Hybrid and electric vehicle battery market  is categorized into BEV, HEV, and plug-in hybrid electric vehicle (PHEV). The BEV category dominated the market in the past due to the increasing adoption of such vehicles worldwide. The incentives and subsidies on BEVs are generally the highest, as they are the least polluting of all EVs. This will lead to a high demand for batteries, which would be aided by the fact that batteries are more ...

Opportunities for the Micromobility Market in the United States

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Taking out a car for short distances doesn’t make sense anymore, since air pollution is wreaking havoc on people. As most cars on the roads are still powered by diesel or gasoline (known as petrol in Commonwealth countries), people are shifting to lighter vehicles, such as scooters and motorcycles, since they release lower amounts of greenhouse gases. Going a step forward, many have started shunning personal vehicles altogether in favor of shared mobility. The concept of shared mobility, when applied to two-wheelers, is known as micromobility, which also includes kick scooter sharing services, apart from scooter sharing and bike (bicycle) sharing services. P&S Intelligence claims that due to the various advantages of these services, the micromobility market will grow rapidly from $3.0 billion in 2018 to $9.8 billion by 2025, at a robust 19.9% CAGR during 2019–2025. The biggest reason the concept is gaining popularity is its cost-effectiveness. Since deploying bikes, scooters, and ...

Kick Scooter Sharing Market In-depth Analysis of the Industry with Future Estimations | P&S Intelligence

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The adoption of ride sharing services has risen significantly in the past few years. As people across the globe are becoming more reluctant to buy private vehicles, owing to their high maintenance cost and negative effects on the environment, the demand for public mobility services has been rising. Mobility services, such as ride hailing and car sharing, provide customers with convenient mobility services at low prices. These services, however, have not been able to solve the problem of first and last mile connectivity. Attributed to this, the global kick scooter sharing market is expected to advance at a significant pace during the forecast period. Kick scooter sharing services aids in covering the gap of first and last mile by offering mobility services for shorter distances, less than 5 km per trip. These mobility solutions further provide convenience to consumers by offering station-less or dock-less model, thereby allowing users to drop the vehicles at any place. Request to Get t...

Opportunities for the Micromobility Market in the Future

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Taking out a car for short distances doesn’t make sense anymore, since air pollution is wreaking havoc on people. As most cars on the roads are still powered by diesel or gasoline (known as petrol in Commonwealth countries), people are shifting to lighter vehicles, such as scooters and motorcycles, since they release lower amounts of greenhouse gases. Going a step forward, many have started shunning personal vehicles altogether in favor of shared mobility. The concept of shared mobility, when applied to two-wheelers, is known as micromobility, which also includes kick scooter sharing services, apart from scooter sharing and bike (bicycle) sharing services. Request to Get the Sample Report@  https://www.psmarketresearch.com/market-analysis/micromobility-market/report-sample   P&S Intelligence claims that due to the various advantages of these services, the micromobility market will grow rapidly from $3.0 billion in 2018 to $9.8 billion by 2025, at a robust 19.9% C...

AI in Transportation Market is Expecting Major Tech Revolution in Near Future

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Burgeoning adoption of autonomous vehicles is one of the major factors propelling the demand for the incorporation artificial intelligence (AI) in transportation sector. In autonomous vehicles, AI is an important technology for autonomous driving systems, owing to its ability to allow real-time and reliable recognition of objects around the vehicle. In addition to this, the automotive industry is also witnessing soaring investments for the development and optimization of self-driving technology, by major original equipment manufacturers (OEMs). For instance, Tesla Inc. launched a sleek electric semi-truck equipped with semi-autonomous capabilities for the first time in November, 2017. Due to the above-mentioned factor, the global AI in transportation market is expected to increase its revenue from $ 1.4 billion in 2017 to $ 3.5 billion by 2023, demonstrating a CAGR of 16.5% during the forecast period (2018–2023) . AI brings with it numerous useful features and advan...

Logistics Industry is Expecting Major Tech Revolution in Near Future

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 The impact of COVID-19on the logistics industry has been quite negative, as the growth of the industry has slowed down due to the nationwide lockdown in most of the affected countries. Owing to the growth in e-commerce activities, increase in the disposable income of customers, and rapid urbanization in emerging economies, such as India and China, the logistics industry had been growing in recent years. Seeing the rising need for the transportation of goods, many new companies were entering the logistics space before the pandemic arrived. TheCOVID-19 impact analysis on the  logistics industry  reveals that trading activities between nations were discontinued to contain the spread of the virus, which disrupted the supply chain. For instance, the supply chain of China is operational across countries including India, South Korea, Japan, Hong Kong, Singapore, the U.K., Spain, Italy, and Germany, all of which are badly jolted by the pandemic. Apart from China, all t...

European Automotive Telematics Market Demands & Growth Analysis 2030

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 The  European automotive telematics market  attained a value of $7,340.3 million in 2019 and is predicted to advance at a CAGR of 16.1% between 2020 and 2030. Furthermore, according to the forecast of P&S Intelligence, a market research firm based in India, the market would generate a revenue of $37,249.8 million in 2030. The burgeoning requirement for advanced safety features in automobiles and the increasing implementation of supportive government policies are the main factors fueling the expansion of the market. Request to Get the Sample Report:   https://www.psmarketresearch.com/market-analysis/europe-automotive-telematics-market/report-sample The rising prevalence of road accidents is the biggest factor responsible for the increasing requirement for enhanced safety features and systems in vehicles. Human error is one of the leading causes of road crashes and casualties in Europe and the rest of the world. According to the Community database on Accidents o...

Memory Market for Autonomous Vehicles is Expecting Major Tech Revolution in Near Future

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One of the important technologies that have emerged over the past few is that of artificial intelligence (AI). The technology is being utilized in various industries for making processes and operations simpler. Just like other industry, AI is also being widely utilized in the automotive industry for making vehicles safer and more secure. The technology is being utilized in infotainment systems that are now serving as personal assistants, aiding the driver by offering efficient navigational support, and responding to voice commands. This increasing utilization of AI is creating wide data storage capacity. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/memory-market-autonomous-connected-vehicles/report-sample Autonomous and connected cars are generating large amounts of data, since they are extensively making use of electronic functions for providing greater efficiency, greater safety, driver assist capabilities, richer telemetric and entertainment f...