Industries

The automotive industry defines life on board as the time occupants will spend on board a future connected and automated vehicle. Level 4 automated driving will transform how vehicles are designed, from the inside out. With minimum-to-no driving activity involved, vehicle control systems such as steering, braking, and accelerating will be hidden aw...

The overall commercial vehicle volume in ASEAN is expected to reach 1.7 million units by 2030, growing at a CAGR of 7.9% between 2020 and 2030. The region has experienced rapid industrialization, moving away from agriculture and toward manufacturing of electrical and electronic components and machinery. Post the pandemic, there has been a revival i...

Technological and digital trends are transforming the oil and gas industry. Main players commonly choose operational technologies (OTs) to carry out the automation of their oil and gas processes; however, newer technologies, such as AI, IoT, and robotics are starting to gain more relevance in the industry. Oil and gas companies adopted automati...

16 Dec 2021  |  Global  |  Mega Trends

Global Air Cargo Growth Opportunities

Increased Focus on Digitalization, Sustainable Operations, and Building Resilient Supply Chains will be the Key to Enhancing Future Growth Potentia

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This study analyzes the impact of the COVID-19 pandemic on the air cargo industry. It also examines the growth in air cargo between 2020 and 2022 and identifies the trends driving this growth. The impact of past crises on global trade has also been presented. The study also highlights the leading stakeholders in the industry, such as carriers, air ...

16 Dec 2021  |  North America  |  Mega Trends

Trends and Growth Opportunities in Module-less (Cell to Pack) Battery Structure

Reduction on Modules Directly Results in Price Reduction by 25 to 30%

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Leading battery manufacturers (e.g., BYD, CATL, and LG Chem) and original equipment manufacturers (OEMs) (e.g.,BYD, Daimler, and VW) are now looking at next-generation battery technology that focuses on module-less battery pack technology, which integrates cells directly into the pack without having to package it into modules. In the module-les...

15 Dec 2021  |  North America  |  Mega Trends

North American Technological Advances in Trailer Growth Opportunities

Innovative Aero Devices, Smart Trailers, and Trailer Electrification Shape the Market by 2030

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The North American trailer market plays a vital role in the transportation sector. Nearly 75% of all Class 8 trucks are tractors. Each tractor requires a trailer to haul goods. More than 250,000 trailers are produced each year against an average of 162,000 tractors over the same period. The average trailer to tractor ratio ranges between 1.4–1.8,...

With the increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving, there has been a corresponding increase in the need for sensors used in such applications. This study examines the use of light detection and ranging (LiDAR) sensors in the automotive industry. The LiDAR is a sensing system that will become an integral...

15 Dec 2021  |  Global  |  Mega Trends

Growth Opportunities in the Global Wind Services Market

Increasing Adoption of Digital Technologies and Technological Innovations to Drive the Global Wind Services Market

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Continued concerns over increasing carbon emissions and the need to mitigate climate change have forced governments to accelerate investments in renewable energy. Wind and solar energy, in particular, are expected to play a crucial role in the global race toward decarbonization. Over the last ten years, wind energy capacity additions have gained mo...

15 Dec 2021  |  Global  |  Mega Trends

North American and European Tire Pressure Monitoring System Growth Opportunities

Regulations Mandating Safety Assistance Features and the Impact of Connected Tire Telematics Technology Propel Growth

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The tire pressure monitoring system (TPMS) has been a part of vehicles’ active safety assistance features for over a decade because it improves vehicle performance and safety. TPMS is essential to monitor tire condition parameters such as inflation pressure, temperature, tire wear, and vehicle performance parameters (e.g., fuel economy, safety, a...