Automotive&TransportationWorld

 In 2019, there are more than 350 million electric two- and three-wheelers in operation around the world, according to the Global EV Outlook 2020 report of the International Energy Agency (IEA). Electric scooters and motorcycles are fast becoming the preferred alternative to those with an internal combustion engine (ICE) and even cars (for shorter journeys). Since electric vehicles (EV), especially battery electric vehicles (BEV), don’t contain an ICE, they release no operational emissions, which is why they are key to solving the air pollution and other associated problems, such as climate change and global warming. This is why P&S Intelligence expects the two-wheeler hub motor market value to grow from $4,838.5 million in 2018 to $8,458.7 million by 2024 , at a 9.8% CAGR between 2019 and 2024. This is because the motor is the most-essential component of any EV, along with the battery. In electric two-wheelers, the hub motor is integrated directly on the wheel axle, which nega...

The global peer-to-peer carsharing market generated a revenue of $1,015.7 million in 2020, and it is predicted to register a CAGR of 21.7% from 2020 to 2030 (forecast period). According to the forecast of the market research organization, P&S Intelligence, the market will reach a value of $7,225.2 million by 2030. The major factors fueling the surge in the market are the increasing concerns being raised over the rising greenhouse gas emissions, rapid vehicle electrification, soaring use of carsharing services in emerging economies, increasing urban road congestion, and the low cost and high convenience of these mobility services. With the deterioration of the air quality levels, on account of the increasing emission of toxic gases from vehicles, the governments of many countries are taking initiatives for encouraging the adoption of eco-friendly mobility solutions, such as carsharing services. These services are highly effective in reducing air pollution, as their mushrooming depl...

In recent years, the sales of armored vehicles have surged sharply, primarily because of the increasing prevalence of terrorist attacks across the world. Moreover, the surging number of cross-border disputes and wars has also pushed up the requirement for these vehicles. The Asia-Pacific (APAC) region has witnessed a massive rise in the defense expenditure of several countries, such as South Korea, India, Australia, and China, over the last few years, which has also boosted the sales of armored vehicles. In addition, the increasing investments being made for the militarization of law enforcement agencies in many countries, as part of their modernization program and also for advanced counter-terrorist and combat operations are also fueling the sales of armored vehicles . Besides, the increasing incidence of armed violence, especially in various European countries, such as Russia, is also fueling the progress of the global armored vehicles market. Owing to this reason, the value of the m...

The helicopters market generated $25.3 billion in 2016, and it is projected to reach $31.8 billion by 2023 , displaying a CAGR of 3.4% during the forecast period (2017–2023). The market growth is driven by the surging demand for technologically advanced helicopters, declining accident rate, aging helicopter fleet, increasing anti-terrorism activities, and growing number of joint ventures between helicopter manufacturers. Players operating in this market have a huge potential for growth due to the frequent orders for technologically advanced helicopters from nations such as South Korea, India, and Indonesia. Helicopter Market - P&S Intelligence  Due to the increasing demand for technologically advanced helicopters, manufacturers have implemented several modifications in the engine, airframe, and emission system to make them more resilient and improve sustainability. These developments enable helicopters to perform efficiently in different environmental conditions, such as heavy ...

The World Health Organization (WHO) estimates that nearly 1.3 million deaths across the globe occur due to road traffic crashes each year. As per the WHO, 93% of the global deaths on the roads are recorded in low- and middle-income countries, even though such nations are home to 60% of the world’s automobiles. The organization further states that over 20–50 million road accident victims suffer non-fatal injuries, many of which result in disabilities among such victims. Thus, the surging incidence of fatal road accidents will help the automotive adaptive front-lighting system market prosper during 2020–2030. To prevent road crashes, automakers are deploying light-emitting diode (LED), xenon or high-intensity discharge (HID), laser, halogen, and organic light-emitting diode (OLED) adaptive front-lighting systems in their offerings. In the coming years, xenon systems will be adopted at the highest rate because they offer increased visibility of peripheral objects, such as street signs and...

The rising prevalence of road accidents, especially at night, is encouraging many automobile manufacturers to incorporate night vision systems in their offerings. According to the World Health Organization (WHO), around 1.3 million deaths are caused every year because of road accidents. Furthermore, the organization reported that road accidents are leading cause of deaths for young adults in the age group of 5–29 years and children and these crashes cost several countries as much as 3% of their gross domestic product (GDP). Automotive night vision systems have the ability to easily perceive surroundings of the vehicle beyond the range of the headlights, thereby improving the vision and perception of the driver at night or in low visibility conditions. Moreover, these systems alert the driver about obstacles and probable hazards, that are otherwise not visible, thereby improving the driving experience and vehicle safety. The adoption of these systems is currently very high in luxury and...

The mushrooming requirement for automated systems in mining operations is fueling the use of electric vehicles and robotics in the mining sector. Historically, the mining industry has been a highly labor-intensive industry. However, with rapid technological advancements, the increasing implementation of government regulations aimed at promoting workforce safety, and the hurdles and obstacles associated with finding skilled workers, the adoption of automation is rising in the industry. Besides, the rapid digital transformation and the surging incorporation of advanced technologies are also providing lucrative growth opportunities to mining companies. Moreover, many mining companies are increasingly focusing on enhancing production, improving efficiency, making the overall work environment less hazardous and safer, and reducing the overall cost. Additionally, several mining firms are leveraging the industrial internet of things (IIoT) in order to ensure a highly connected network among d...