Automotive&TransportationWorld

The expansion of the e-commerce industry, especially in the developing countries, on account of the increasing internet and smartphone penetration, and the changing styles of logistics models are driving the demand for retail logistics across the world. As per the findings of the United Nations Conference on Trade and Development (UNCTAD), the share of online retail sales in the worldwide retail sales grew from 16% to 19% in 2020. Additionally, the organization also observed that e-commerce sales all over the world increased to $26.7 trillion in 2019, recording a rise of 4% from 2018. Furthermore, according to the India Brand Equity Foundation (IBEF), in India, the e-commerce order volume surged by 36% in the last quarter of 2020. Retail logistics is basically a sub-arm of logistics. In simple terms, it can be defined as an instrumental process of managing the merchandise flow from the supply source to customers. The retail logistics system ensures smooth flow of products to customers ...

In recent years, the deployment of electric vehicles has surged sharply, on account of the escalating air pollution levels and the implementation of stringent emission norms by the governments of several countries. This has subsequently pushed up the demand for electric vehicle charging infrastructure and facilities, which has, in turn, fueled the need for electric vehicle communication controllers. Moreover, many electric vehicle manufacturers and charging component producers are investing heavily in the development of efficient and smart battery charging devices. The organizations are focusing on leveraging the government provisions and incentives to manufacture more efficient and high-capacity electric vehicles and charging stations. For example, an investment of $15 million, which included a grant of $6 million from the Australian Renewable Energy Agency (ARENA), was made by several investors in Chargefox Pty. Ltd. in October 2018. The organization will use this investment to deplo...

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...

The growing prevalence of road accidents in Germany is increasingly becoming a matter of grave concern for both the common people and the regulatory authorities of the country. As a result, the people in the country are rapidly gravitating toward vehicles equipped with advanced safety systems such as ADASs (advanced driver assistance systems). Moreover, the high incidence of automobile crashes is massively pushing up the sales of telematics-enabled trucks, which is, in turn, fueling the demand for automotive digital services in the country.  Because of the increasing fatality rates of these road accidents, the European Commission is presently revising the safety requirements in automobiles. Many industry experts believe that the organization will soon make the installation of ADAS systems and other safety features mandatory in passenger cars. With the implementation of these strict safety regulations and the rising customer preference for vehicles equipped with safety systems, the...

The South Korean micromobility market reached a value of $120.3 million in 2020, and it will generate $11,178.5 million revenue by 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The market is being driven by the rising focus on mitigating traffic congestion in cities, burgeoning requirement for reducing air pollution and traveling expenditure, and soaring need for better first- and last-mile connectivity across the country. Due to their low cost, abundant availability, and ability to provide greater convenience than conventional transportation systems, the popularity of micromobility services is growing rapidly in South Korea. Moreover, the increasing concerns being raised over the escalating pollution and deteriorating air quality levels are also driving the requirement for micromobility services in the country. According to a study conducted in February 2017, South Korea recorded the second-worst air quality level out of all developed count...

The Taiwanese micromobility market is expected to advance at an exceptional CAGR of 61.3% during the forecast period (2021–2030), due to the increasing need to reduce traffic congestion and air pollution, mounting public focus on curtailing transportation costs, and burgeoning demand for efficient transportation systems for short distance commute in the country. According to P&S Intelligence, the market was valued at $47.3 million in 2020, and it is expected to generate $5,981.6 million revenue by 2030.  At present, the people of Taiwan are constantly searching for efficient transportation systems for commuting short distances, owing to which, the market is growing at a considerable pace. City dwellers are consistently adopting transportation systems that bridge the surging gap between first- and last-mile connectivity, owing to the vast population, excessive traffic congestion, high vehicle cost, and scarce parking space in the country. To cater to this need, micromobility ser...

The Singapore micromobility market reached a revenue of $15.8 million in 2020, and it is predicted to demonstrate a CAGR of 64.2% from 2021 to 2030 (forecast period). Furthermore, the market will attain a value of $1,817.9 million by 2030, as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the burgeoning requirement for efficient transportation systems for short-distance commute, unfavorable automobile ownership regulations in several countries, and increasing road congestion, especially in urban areas.  Singapore is a tiny country, with an area of only 728.6-square-km. As a result, the booming population and the surging number of vehicles are causing road congestion, especially in the major cities. Owing to this reason, the government is using the policy of bidding via which citizens are being granted a certificate of entitlement, which permits them to own a vehicle for only 10 years. Moreover, the cost of buying ...

Under FAME India scheme phase II, the Indian government is investing INR 10,000 crore to make electric vehicles (EV) accessible to the masses. Of this, INR 2,500 crore is being used to offer an incentive of INR 50,000 on each of the 500,000 electric rickshaws (e-rickshaw) covered in the scheme. Even otherwise, e-rickshaws have rapidly proliferated in major tier 1 and 2 cities of the country, where they are playing the all-important role of solving the problem of first- and last-mile connectivity. Due to these factors, P&S Intelligence expects the Indian electric rickshaw motor and controller market value to rise to around $86.0 million by 2024. Along with the battery, the motor and controller are the most-important parts of the e-rickshaw. The motor propels it forward, while the controller takes the energy from the battery and supplies it to the motor. This also makes them the most-expensive e-rickshaw components, which is why their sales revenue will surge rapidly with the burgeo...

There are certain diseases or health issues that require immediate attention, especially those that hit vital organs such as the brain, heart, and lungs. Some such issues are acute stroke, sudden cardiac arrest, kidney or liver failure, and external or internal trauma that leads to hypovolemic shock (loss of more than 20% of the blood inside the body). In these cases, rushing the person to an emergency care setting is vital, as sometimes, it just takes minutes for the disorder or disease to lead to death. Sometimes the issue is so severe that transporting the patient via roads, which are becoming increasingly congested, especially in developing countries, can cause more harm than benefit. As per P&S Intelligence, this will be a strong factor to take the air ambulance services market to $15.9 billion in 2030 from $8.9 billion in 2019, at a 5.4% CAGR between 2020 and 2030. This is because air transport is the fastest mode of transport: first, aircraft are fast on their own, and seco...

The World Air Quality Report 2020 states that the annual average particulate matter (PM) 2.5 concentration in India was 51.9 µg/m³ in 2020. According to this report, the highest concentration of PM 2.5 was recorded in Delhi (84.1 µg/m³), in 2020. The report further states that 22 of the top 30 most polluted cities of the world are located in India. The transportation sector is one of the largest emitters of pollutants in the country, as per the report. Furthermore, the World Bank states that 2,434,520 kilotons (kt) of carbon dioxide (CO2) were emitted in India in 2018.  Thus, the extensive emission of CO2 and PM in the country, primarily on account of the extensive usage of oil and diesel-powered vehicles, will help the Indian electric scooter and motorcycle market to progress at 57.9% CAGR during 2020–2025. The sales of electric scooters and motorcycles are expected to increase from 152.0 thousand in 2019 to 1,080.5 thousand units by 2025. Furthermore, the market is expected to g...

A number of factors such as the rising need to curtail transportation costs and mitigate air pollution, plunging cost of batteries, and burgeoning demand for efficient transportation services to bridge the gap between first- and last-mile connectivity are expected to propel the Philippines micromobility market at an exceptional CAGR of 158.6% during the forecast period (2021–2030). According to P&S Intelligence, the market revenue will surge from $1.9 million in 2020 to $13,899.7 million by 2030.   The surging public and government focus on reducing air pollution, traffic congestion, and transportation costs is expected to drive the demand for micromobility services in the Philippines. For instance, in 2020, the Philippines had an average US air quality index (USAQI) reading of 52 ³. Additionally, the abundant availability of micromobility services and their ability to provide greater convenience than conventional transportation systems are also driving their popularity in the ...