Tuesday, August 10, 2021

Automotive Adaptive Lighting Market Valuation by Size, Share, Growth, Trend, Drivers and Restraint 2020-2028

Automotive Adaptive Lighting Market


The market report on the Automotive Adaptive Lighting market published by Emergen Research includes an analysis of the key segments of the entire Automotive Adaptive Lighting market. The report aims to shed light on the prevalent business strategies and models, analyze the market trends, and investigate the growth of the market through thorough statistical analysis. The report also covers the assessment of the overall market, depending on the validated industry data obtained through primary and secondary research.

The Global Automotive Adaptive Lighting Market is projected to reach USD 3.91 billion in 2027. The continual development in automotive lighting applications, rising usage of the luxury passenger vehilces, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and extensive growth in electric cars are boosting the demand of Automotive Adaptive Lighting Market. Technological innovations associated with automotive lighting industry are anticipated to stimulate market demand. For instance, a technology known as ‘laser matrix’ is improving the safety of high-beam driving. The technology combines laser lights, digital light processing and micro mirrors into a lighting architecture that has both light and dark zones. The system automatically masks-out areas in front of the vehicle, such as on-coming cars, to avoid blinding drivers and pedestrians; and intensifies light into traffic signs or dangerous situations.

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Automotive Adaptive Lighting Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

A high focus is maintained on factors such as demand and supply, production capacity, supply chain management, distribution channel, product application and performance across different countries. The report not only offers hard to find facts about the trends and innovation driving the current and future of Automotive Adaptive Lighting business, but also provides insights into competitive development such as acquisition and mergers, joint ventures, product launches and technology advancements.

The Automotive Adaptive Lighting market offers key insights into the historical and current data with regards to Automotive Adaptive Lighting market size and volume, by evaluating the key companies, major geographies, product types, application, consumer base, and manufacturing and production pricing.

Top key Companies in Automotive Adaptive Lighting Market include are:

Magneti Marelli S.p.A, Varroc Engineering Limited, HELLA Group, SL Corporation, Stanley Electric Co., Ltd, Koito Manufacturing Co., Ltd., Valeo, Zizala Lichtsysteme GmbH, and OSRAM Light AG, among others.

The Automotive Adaptive Lighting market offers a detailed analysis of the product portfolio, key trends, applications, and a thorough value chain analysis. The report provides an in-depth analysis of the product types and applications of the Automotive Adaptive Lighting industry.

For the purpose of this report, Emergen Research has segmented into the global Automotive Adaptive Lighting Market on the basis of Product, Application, Vehicle Type, and region:

  • Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Halogen Headlight
    • Xenon Headlight
    • LED Headlight
    • Others
  • Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Exterior Lighting
      1. Headlights
      2. Fog Lights
      3. Day Time Running Lights (DRL)
      4. Taillights
      5. Sidelights
      6. Centre High-Mount Stop Light (CHMSL)
    • Interior Lighting
      1. Dashboard
      2. Glovebox
      3. Reading Lights
      4. Dome Lights
  • Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Passenger Vehicles
    • Light Commercial vehicles
    • Trucks and Buses
    • Two-wheelers
    • Others

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Region wise performance of the Automotive Adaptive Lighting industry

This report studies the global Automotive Adaptive Lighting market status and forecast, categorizes the global Automotive Adaptive Lighting market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Automotive Adaptive Lighting Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Automotive Adaptive Lighting Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Automotive Adaptive Lighting Market Segmentation & Impact Analysis

    4.1. Automotive Adaptive Lighting Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Automotive Adaptive Lighting Market indicators analysis

          4.2.2. Automotive Adaptive Lighting Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Automotive Adaptive Lighting Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Automotive Adaptive Lighting products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. Automotive Adaptive Lighting Market Revenue Share By Manufacturers

    10.2. Mergers & Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East & Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East & Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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Saturday, May 29, 2021

eHealth Market Size Worth USD 314.55 Billion by 2027 | Asia Pacific region is anticipated to grow with a significant CAGR of 23.1%

 

eHealth Market Size Worth USD 314.55 Billion by 2027

An introduction to eHealth Market Report

The global eHealth market is forecasted to be worth USD 314.55 Billion by 2027, according to a current analysis by Emergen Research. The market is witnessing increased demand in the past years, owing to the surge in the prevalence of smartphones and the emergence of advanced technologies in the medical sector. Digital health has emerged as a triumphant venture, attracting several organizations and industries from outside the healthcare domain.

The global eHealth market report is categorized based on product type, application, end-use industry, region, and competitive backdrop. Under this section, the most fundamental segments of the eHealth market have been emphasized to help the targeted readers and the companies involved in this sector make optimal business decisions and strengthen their COVID-19 preparedness. The market’s regional outlook offers actionable insights into the contribution of various regions to the growth of the eHealth market.

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The demand-supply dynamics and pricing structures of the leading regional segments have been deeply considered to assess the current and future eHealth market valuations. Moreover, this section throws light on the key growth prospects for the eHealth market during the forecast period. Hence, toward the end of the report, the competitive landscape of the eHealth market has been emphasized. The market is highly consolidated due to the presence of a large number of companies.

Knowing the trends influencing the industry performance

Stakeholders, marketing executives and business owners planning to refer a eHealth market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyse and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.

The report entails detailed information on the eHealth market players current market positions, past performances, production and consumption patterns, demand and supply graphs, sales network, distribution channels, growth opportunities, and major threats and risks associated with their development.

This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering

GE Healthcare, Allscripts, Cerner Corporation, Philips, IBM Corporation, Mckesson, Medtronic, Inc., Epic Systems, Cisco Systems, and Optum, among others.

For the purpose of this report, Emergen Research has segmented into the global eHealth Market on the basis of product and services, end-user, and region:

  • Product and Services Outlook (Revenue, USD Billion; 2017-2027)
    • eHealth Solutions
      1. Electronic Health Records/Electronic Medical Records Solutions
      2. Picture Archiving and Communication Systems & Vendor Neutral Archive Systems (PACS & VNAS)
      3. Pharmacy Information Systems
      4. Medical Apps
      5. Laboratory Information Systems (LIS)
      6. Personal Health Record & Patient Portals
      7. Chronic Care Management Apps
      8. Clinical Decision Support Systems
      9. Telehealth Solutions
      10. Healthcare Information Exchange (HIE)
      11. Radiology Information Systems (RIS)
      12. E-Prescribing Solutions
      13. Cardiovascular Information Systems
      14. Other Specialty Information Management Systems
    • eHealth Services
      1. Remote Monitoring Services
      2. Diagnosis & Consultation Services
      3. Database Management Services
      4. Treatment Services
      5. Healthcare System Strengthening Services
  • End-User Outlook (Revenue, USD Billion; 2017-2027)
    • Pharmacies
    • Healthcare Payers
    • Healthcare Consumers
    • Healthcare Providers
      1. Hospitals
      2. Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
      3. Ambulatory Care Centers
    • Others End Users

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States

Europe

China

Japan

Southeast Asia

India

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In this report, the authors have closely discerned the primary factors influencing the global eHealth market growth. The eHealth market report’s major components also include end-user landscape, solutions and services offered by the leading companies, technological innovations, critical industry-verified facts and figures, and the current as well as emerging market trends.

There are many questions the research attempts to answer:

  1. Who is currently purchasing your product or service worldwide?
  2. Who are your immediate competitors?
  3. What will be the price of the products and services across different continents?
  4. What are the trends affecting the performance of the eHealth market?
  5. What features do the customers look for when they purchase eHealth?
  6. What problems will vendors operating in the eHealth market encounter?
  7. What needs are the prominent manufacturers trying to meet by the forecast period 2026?
  8. What opportunities can prominent leaders see on the horizon?
  9. How will the competitive landscape look like between the forecast period 2019 to 2026?

Why Choose Emergen Research?

  1. Regional demand estimation and forecast
  2. Pre-commodity pricing volatility
  3. Technological updates analysis
  4. Location Quotients Analysis
  5. Raw Material Sourcing Strategy
  6. Competitive Analysis
  7. Product Mix Matrix
  8. Vendor Management
  9. Cost Benefit Analysis
  10. Supply chain optimization analysis
  11. Patent Analysis
  12. Carbon Footprint Analysis
  13. R & D Analysis
  14. Mergers and Acquisitions

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Monday, February 1, 2021

Agricultural Films: An Ecological Approach for Sustainable Agriculture

Agricultural Films Market Size Worth USD 14.96 Billion by 2027
Agricultural films, also known as plasticulture, refers to the use of plastic materials for various agricultural applications. These films are extensively used for greenhouse farming, mulching, and soil protection. Agricultural films reduce soil and seeds exposure, thereby mitigating the impact of weed, conserves soil moisture and nutrients, and decreases soil compaction. Plastics have excellent attributes, such as durability, lightweight, and remarkable property of transmitting radiant energy such as ultraviolet, near-infrared, visible, and other wavelengths. The extensive use of these films confers reduced growing time, early harvest, and a superior yield. The surging populace and the increasing demand for food are boosting the agricultural sector’s growth, in turn, augmenting the requirement for agricultural films. According to a recent analysis by Emergen Research, the Global Agricultural Films Market Size is poised to achieve a revenue of USD 14.96 Billion by 2027, expanding at an annual growth rate of 5.8%.

Agricultural films are typically used to cover greenhouses and are kept over soil or twisted around the feed. The films play a pivotal role in enhancing the equality of crops and boosting overall productivity. The growing demand to augment agriculture’s productivity to cater to the escalating food requirement has paved the way for commercializing these improved coverings. Moreover, the ever-increasing consciousness about product disposal and the hazardous environmental effects of polythene and plastics have boosted biodegradable agricultural films’ adoption over the last few years and is anticipated to propel the market’s growth for the next years.

Origin and Advancement of Agricultural Films Market

The primary use of agricultural plastic film was to make a cost-efficient version of the glasshouse. Professor E.M. Emmert designed and built the first-ever plastic greenhouse, a structure made of wood and covered in cellulose acetate film, and later shifted to compelling polyethylene film. The plastic film was then introduced in agriculture as a replacement of paper for mulching vegetables. By the early 1950s, the entire world adopted the use of agricultural films for mulching vegetables. And by 1999, plastic mulch covered nearly thirty million acres worldwide.

Since its emergence in the early 1950s, plastic films have been upgraded and developed to enhance the yield of produce, increase its size, and reduce the growth time. Recent developments in plastic films include increased durability, optical properties, and the antifog or anti-drop effect. The enhancements in the areas include UV-blocking, NIR-blocking, ultathermic, and fluorescent films.

Biodegradable agricultural films are garnering more attention in major economies across the world, owing to their increased environmentally sustainable attributes. The advancement in horticulture with the development of particle-multi layer and UV protective films to enhance agricultural productivity is forecast to bolster the product demand during the next decade. The introduction of biodegradable and bio-based polymers films is predicted to pave the way for the emergence of lucrative opportunities for the industry.

Geographical regions, such as the Middle East & Africa, are increasing their application of plastic greenhouses by 15 to 20% every year, but the growth is weak in well-developed regions like Europe. The scarcity of arable land due to the fast-paced industrialization and urbanization in the Asia Pacific region is anticipated to augment the agricultural films market’s regional growth. 

The rising demand for food production has also augmented the need for useful additives and colorants of plastics in the agricultural sector. Agricultural plastics converters require raw materials that can boost the plastics’ durability and augment crop productivity and quality. To cater to such demand, BASF has developed stabilizers and UV absorbers to extend the durability of agricultural applications, even in the presence of harsh chemicals and high UV radiation. BASF’s “ecovio® M” was explicitly developed for the application of films in farming and gardening. The product contains biobased content, is a certified compostable, and is a versatile, high-performance biopolymer.

In 2019, BASF and Tan Hung Co Masterbatch Manufacture Co. worked together to help farmers enhance their crop yield and reduce waste products. BASF’s plastic additive Tinuvin® NOR 371 was used to increase the time and durability of the greenhouse films as they can withstand weathering for nearly four years. In 2017, Yuxi Xuri Plastics Production Co. Ltd., a leading China-based manufacturer of greenhouses, adopted the plastic additive Tinuvin® XT 100 developed by BASF to create a low-density polyethylene (LDPE) film.

In March 2020, Rani Plast launched a new bale wrap, Rani Repel, which provides security to the crops against rodent and birds attack. Rani Repel is a non-toxic and natural active ingredient that is repulsive to ravens, mice, crows, and rats but does not affect the crops.

Challenges Faced and Overcome by the Industry

What serves a significant challenge for the industry is the efficient disposal of agricultural films; which can be diminished through recycling. Technologies now exist that allow the recycling of agricultural plastics into viable plastic resins that can be used in the plastics manufacturing sector. A recent development in the recycling sector is the partnership between NOVA, Calgary-based virgin plastics producer, and Revolution. Revolution will be providing NOVA Chemicals post-consumer resin for sale, and in turn, NOVA will carry out research for end-users for recycled flexible film pet food packaging. Earlier this year, NOVA also signed an annual contract with Merlin Plastics wherein NOVA will assist in producing PCR for food-contact packaging. Under the agreement, NOVA would buy nearly 30 million pounds of recycled plastics from Merlin Plastics annually.

The European Union has set rules for waste management in place which states, “each member state may introduce the ERP concept into its own legal framework in addition to deciding how to encourage manufacturers to participate in the prevention, re-use, recycling and recovery of used plastic products.” In 2018, the EU introduced a set of rules to curb plastic waste and pollution by reducing the single-use plastics and prohibiting the oxo-degradable plastics to mitigate microplastic pollution. Recently, in 2020, EY finally announced its “Circular Economy Action Plan” that includes stringent rules to reduce plastic pollution and scout the microplastics’ existence in the surrounding. It also has a sustainability policy framework for biodegradable or compostable plastics in place.

Conclusion

The escalating technological advancements in the industry, such as the production of UV blocking films, among others, to enhance agricultural productivity are forecast to add to the market growth. Moreover, the rapid utilization of nano greenhouses worldwide to boost agricultural productivity are propelling the agricultural films market growth. The government’s stringent regulations for the usage of polyethylene and plastic are promoting the adoption of biodegradable polymer films. For nearly a decade, established academic institutions and agricultural institutions have collaborated to advance the techniques and technologies for the agricultural films solutions, which has the potential to expand the scope of the market over the coming years.

Friday, January 15, 2021

Sensor Fusion: Combination of Multiple Sensors for Enhanced Measurement Estimations

 

Sensor Fusion Market size was valued at USD 4.06 Billion in 2019

Sensor Fusion, also known as multi-sensor, is the art of integrating multiple physical sensors to enhance the application and system performance. Sensors are now deployed in a broad spectrum of applications, such as smart mobile devices, automotive systems, healthcare, oil exploration, climate monitoring, and industrial controls. Sensors are used everywhere, and now the advancement in sensor technology is enabling them to mimic human beings. This is possible now because of sensor fusion technology. Sensor fusion leverages a microcontroller to combine the individual data collected from multiple sensors to get a more reliable and precise overview of the data. Sensor fusion enables context awareness, which, in turn, can extensively benefit the Internet of Things (IoT).

Sensor fusion is the ability to bring together input from multiple radars, lidars, and cameras to form a single model or a picture of the vehicle’s surrounding. The resulting model is an accurate representation as it balances the strengths of different sensors. Sensor fusion dynamically improves the lane detection performance as more sensors are used to boost the perception capability. Sensor fusion collects data from each sensor used through software algorithms to offer the most comprehensive and accurate environmental model. The escalating use of sensor fusion in consumer electronics and automotive applications is propelling the sensor fusion market’s growth. According to Emergen Research, the Global Sensor Fusion Market is forecast to attain a market valuation of USD 16.72 Billion by 2027, registering a remarkable CAGR of 19.6%.

Importance and Working of Sensor Fusion Algorithms

Sensor fusion algorithms integrate real-time sensor data that assists in reducing doubts in the object’s location and position. They combine data from several sensors to estimate the correct positions of the objects. Sensor fusions mostly rely on data from numerous same types of sensors, also known as “competitive configuration”. However, when merging data from different types of sensors, such as amalgamation of object proximity data and speedometer data, more often results in an in-depth interpretation of the object examined.

For instance, during a foggy climate, a radar sensor offers more precise data than a LiDAR sensor would. Whereas, in clear weather, LiDAR sensors’ spatial resolution is much more reliable than radar sensor. Every sensor has its own pros and cons, which is why sensor fusion algorithms take into consideration multiple types of sensors. The data from these various sensors are complementary, and the setup is typically called a complementary configuration.

Due to each sensor’s strengths and weaknesses, a robust algorithm gives preference to some critical data points over others. For instance, speed sensors are more precise than parking sensors, so those sensors are mostly preferred. The importance varies, and they generally depend on the specific use. 

Sensor fusion algorithms examine all the input data and generate output with enhanced accuracy and reliability. To measure the kinematic state of a vehicle, two equations and models are applied ‒ namely predict equation that used motion model and update equation that uses the measurement model. The motion model gives data about an object in periodic intervals, and the measurement type is more involved with the vehicle sensors’ dynamics. One of the essential foundations of these algorithms is the Kalman filter.

·       Overview of Kalman Filter

A Kalman filter refers to an equation that obtains data inputs from numerous sources and predicts unknown values, even in the case of augmented signal noise. Majorly applicable in control and navigation tech, Kalman filters confer the prediction of uncertain values more precisely than specific predictions by single measurement method.

As these algorithms are the most commonly used sensor fusion application and provide a resilient foundation for the concept, sensor fusion and Kalman filters are generally considered synonymous. Kalman filters are one of the most popular algorithms in sensor fusion and were invented by Rudolph Kalman in 1960. Now the algorithm is widely deployed in smartphones and satellites from navigation and tracking.

Factors Influencing the Growth of Sensor Fusion Market

The escalating trend of autonomous vehicle and advanced driver assistance systems (ADAS) are further augmenting the need for new radar, GNSS, lidar, and camera sensors in the vehicles. The increasing penetration of smartphones globally and the augmenting trend of micro-sized electronics are anticipated to add to traction to the market’s growth. Moreover, the growing application of fusion technologies to survey and predict environmental conditions, such as temperature, pressure, and humidity, have created an added demand for sensor fusion technologies.

The augmenting need for application-based location detection is attracting consumers and investors to invest in the technology and deploy them across the globe, thereby contributing to the market growth. The increasing advancement in ADAS and the surging use of the GPS-Inertial Measurement Unit fusion is highly beneficial for solving mounting errors. For instance, Tesla’s Autopilot automated driving feature, which is an example of ADAS, has the ability to carry out operations like maintaining the lane of the vehicle on a highway by predicting the accurate location of the vehicle from the data obtained from a forward-facing camera and steering control.

Collaborations and agreements are a common occurrence in the market and are primarily contributing to the market’s expansion. For instance, in April 2020, Foresight Autonomous Holdings Ltd., an Israel-based leader in automotive vision systems, joined forces with FLIR Systems Inc., to develop and commercialize the former’s QuadSight Vision System, which is based on sensor fusion, combined with infrared cameras of FLIR Systems to a broad spectrum of customers. In 2019, Ceva Inc. gained a controlling stake in the smart sensor technology business of Hillcrest Lab. Under the acquisition, CEVA’s intelligent sensing technology’s portfolio has the chance to expand to include CPU vision and AI processing for cameras and sound processing for microphones.

In December 2020, Himax Technologies Inc., joined forces with Edge Impulse to enable the accelerated development and deployment of the machine learning model. The AI vision and sensor fusion solution are designed for predictive maintenance, asset tracking, occupancy detection, and condition monitoring.

STMicroelectronics and Mobileye have formulated a strategy to develop EyeQ 5 system on chip in association with each other, to be deployed in 2020, to perform the function of central computer control and sensor fusion in the fully autonomous driving vehicles. Companies actively focused on developing technologies linked with IoT and smart driving are anticipated to create lucrative future opportunities. The increasing demand for monitoring and controlling utilities in home automation and the escalating development in robotics is forecast to influence the market growth due to sensor fusion technology’s wide application in mobile robot navigation.

Monday, December 28, 2020

ADAS and Autonomous Driving Components | Enabling Intelligent and Futuristic Driving

ADAS and Autonomous Driving Components Market

As the automotive sector continues to develop to chase a distant reality of fully autonomous vehicles, there is augmenting demand for Advanced Driver Assistance Systems(ADAS) from the sector. Advanced driver assistance systems (ADAS) refer to electronic systems that aid drivers in various driving-related purposes. ADAS incorporate automated technology like cameras and sensors to screen and detect obstacles or driver errors to give put proper and timely responses. The latest technological upgrades in ADAS now enable the much-needed safety features, such as Adaptive Cruise Control (ACC), Traction Stability, and Emergency Call Unit features, among others. 

The majority of road accidents happen due to human errors, and these systems play a vital role in mitigating accidents. ADAS is equipped with safety features that are designed to reduce the risks of accidents and collisions through technologies that immediately alert the driver about the impending problems, implements safety measures, and overtakes the control of the vehicles, as and when required. 

ADAS and Autonomous Driving Components: History and Trends

ADAS was first implemented about five decades ago, with the extensive adoption of anti-locking braking systems. The first-stage ADAS included blind spot information systems, anti-lock brakes, adaptive cruise control (ACC), and lane departure warning, among others. The industry is now witnessing extensive technological development and advancement. 

With increasing congestion on the roads, there has been an upsurge in the frequency of fatal accidents and injuries, thereby augmenting the demand for ADAS and autonomous technologies. According to Emergen Research, the Global ADAS and Autonomous Driving Components Market are predicted to attain a valuation of USD 118.03 billion by 2027, expanding at a remarkable CAGR of 21.9% throughout the projected timeframe. 

The rising attraction and incorporation of ADAS technology in fleet trucks and large vehicles has contributed immensely to the expansion of the market. With their rising incorporation in logistics, a large number of administrative initiatives have led to the emergence of stringent policies regarding the safety of the driver and the vehicle. This factor is anticipated to play a pivotal role in the expansion of the market. 

ADAS technology relies on data obtained from multiple data sources, such as automotive imaging, LiDAR, image processing, radar, in-car networking, and computer vision. Additional inputs from other sources such as vehicle-to-vehicle communication and vehicle-to-infrastructure communication are also possible. Modern cars are equipped with ADAS integrated into the electronics of the vehicle and the integration of these systems into a massive number of new vehicles has paved the way for partially automated driving, as of now.

Increasing development in technologies of ADAS has assisted in reducing capital expenditures and has enabled the migration of some features from high-end vehicles to mass-produced vehicles. ADAS and autonomous driving components have already become one of the rapidly growing segments in the automobile electronics. 

Advanced Features of ADAS and Autonomous Driving Components

Some of the critical components of ADAS are adaptive cruise control (ACC), automatic parking, anti-lock braking, automotive navigation system, automotive night vision, and collision avoidance system, among others. ADAS enables autonomous cars to offer self-driving features, but ADAS differs from vehicle to vehicle. 

Adaptive Cruise Control 

Adaptive Cruise Control (ACC) maintains a specific speed and space between two back-to-back vehicles. These control systems have the power to provide brake or accelerate to maintain a safe distance between two cars, automatically. Some of the advanced systems are equipped with “stop and go” features that enable the car or any other vehicle to stop and accelerate again to attain a specific speed. 

Alcohol Ignition Interlock Devices 

Alcohol ignition interlock devices restrict the driver and prevent them from starting the car in a case where the alcohol level exceeds the pre-described levels. These systems have been encouraged to be incorporated in all the new vehicles on the orders of The Automotive Coalition for Traffic Safety and the National Highway Traffic Safety Administration.

Anti-lock Braking System 

Anti-lock braking systems restore traction to the car’s tires by monitoring and regulating the pressure of the brake when the vehicle has an increased chance of skidding. Besides assisting in cases of skidding, ABS also assists drivers who might let go of vehicle control. They have now become standard in-vehicle systems. 

Significant Components of ADAS and Autonomous Driving Components

 Several other features impart a better understanding of ADAS. These components are sensors, processors, software, mapping, and actuators. Sensors used in the vehicles confer real-time and actionable data that powers the ADAS. Processors are widely used to develop everything from real-time 3D model to calculate the proximity of the other vehicles. The software incorporates machine learning and AI to enable better management of the different scenarios during driving. The capabilities of the system include mapping stores and updating the geographical location gathered through sensors to predict its exact location. Actuators in ADAS facilitate connection with other electrical systems in vehicles. The systems control everything from electric power steering to automatic acceleration and braking.

Global Market Landscape

The ADAS and Autonomous Driving Components Market is growing exponentially and is predicted to further expand during the projected timeframe. The market has extended presence in prominent geographical areas, such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America and Europe were the dominating regions of the industry due to the augmenting demand for secure and systematic vehicles. Rising government initiatives concerning the passengers’ safety and vehicles safety are driving the need for ADAS in regions.

Asia Pacific is forecast to be the fastest-growing region in the ADAS and Autonomous Driving Components Market. The regional expansion can be attributed to the augmenting production of electric vehicles in countries such as India, Japan, and China. Moreover, government initiatives to encourage the incorporation of autonomous systems in vehicles is driving the regional growth of the industry. For instance, the Ministry of Road Transport and Highways in India has decided to adopt ADAS features by 2022. Electronic Stability Control and Automatic Emergency Braking are set to be implemented in phase 1 of the plan. 

The Growing Competition in the Industry

The ADAS and Autonomous Driving Components Market is relatively competitive and is dominated by the major players such as Continental AG, ZF Friedrichshafen, Aptiv, RobertBosch, Hyundai Mobis, Denso, Magna International, Analog Devices, and Valeo. The companies and major manufacturers are actively engaged in technological advancements to develop innovative ADAS. For instance, Mobileye, an Intel company, created an extensive ADAS of active and passive systems. Passive Systems send alerts to the drivers to notify them of likely rough situations to confer enough time for a response. Active systems inform the drivers of the problem and overtake vehicles’ control depending on the situation. 

Another such development is the acquisition of Red Pine Software, an ADAS expert, by TTTech Auto, a leader in the autonomous driving safety software platform, in January 2020. The acquisition allowed TTTech Auto to augment its software development capabilities for ADAS and Automated Driving projects. 

Future of Automotive Industry

Automotive connectivity and ADAS are anticipated to be the crucial elements in shaping the future of the automotive industry as it has the potential to break the ground for fully autonomous vehicles. The growth of ADAS and autonomous drivingcomponents and rising investment and funding for R&D activities of autonomous driving have attracted several hi-tech firms, thereby creating lucrative prospects. 

The changing dynamics of consumers and major original equipment manufacturers (OEMs) and the escalating requirement of resilient security features for the enhanced shielding of drivers and passengers, and the incorporation of 5G tech for connectivity solutions in the vehicles are further anticipated to boost the industry growth over the connected timeline. Unprecedented demand for autonomous vehicles is expected to create lucrative opportunities in the future, with Tesla, Toyota, and Honda tapping into the nascent market, thereby further augmenting the demand for ADAS and autonomous driving components. 

Monday, December 14, 2020

Drivers of the Trans-Catheter Mitral Valve Implantation Market include Advancements in Techniques of Trans-Catheter Mitral Valve Implantation, Substantial Prevalence of Mitral Regurgitation, and Favorable Reimbursement Scenarios

Transcatheter Mitral Valve Implantation Market
Market Insights:

Mitral regurgitation (MR) is the most common heart valve disease, affecting around four million people in the U.S. Typically, open-heart surgeries are a standard mode of treatment for MR, although in certain cases, there are grave risks associated with the surgery.  Till now, patients have had to resort to medical treatment to deal with MR, but for patients with specific types of mitral valve dysfunction that leads to MR, clipping the mitral valve will be a good option, especially when the risks of undergoing surgery are dire. Transcatheter mitral valve implantation can help lower the incidences of heart failure and the resulting hospitalizations. It is a less invasive option for patients for whom open-heart surgery is not an option.

Untreated, MR can ultimately result in chronic heart failure, which is the leading reason for hospitalization in Europe and the U.S. It occurs when the mitral valve between two chambers of the heart cannot close completely, and the blood flow leaks backward. It involves symptoms like fatigue, shortness of breath, swollen feet, and inability to exercise or perform daily activities. This leads to increased stress on the heart, enlargement of the heart, heart dysfunction, and even heart failure. The demand for a treatment method is significantly high, which has urged companies and academia to explore the effectiveness of transcatheter mitral valve implantation and is also a major driver for the growth of the market.

The leading companies in the industry include Abbott Laboratories, Medtronic, LivaNova, Edward Lifesciences, MValve Technologies, HLT Medical, Colibri Heart Valve, Neovasc, NeoChord, Biotronik Private Limited, Transcatheter Technologies GmbH and Venus Medtech. The competitive landscape has witnessed numerous deals and developments recently.

Medtronic has partnered with the medical device company incubator, The Foundry, to build and invest in a company dedicated to working on an innovative transcatheter mitral repair (TMVr) technology. The partnership brings together The Foundry’s work in the transcatheter mitral valve repair and replacement field and Medtronic’s position in intellectual property and Structural Heart. The deal creates structured financial tranches from both the companies and gives Medtronic exclusive rights to the resulting corporation dubbed Half Moon Medical, subject to achieving some clinical and technical milestones. Half Moon was also awarded U.S. FDA approval for an early feasibility study in patients having severe and symptomatic MR.

While Half Moon awaits its first implants, another company, TidalHealth,  has achieved a medical milestone after successfully implanting MitraClip for treating MR in the heart. Delmarva’s first two implantations of MitraClip were conducted at TidalHealth Peninsula Regional in late September. The number of patients it can benefit will be a primary driver for the growth of the transcatheter mitral valve implantation market in the coming years, especially in regions like Europe and North America that have a high active patient count.

Tuesday, December 1, 2020

Increasing use of Wearable Biosensors for Real-Time, Accurate Healthcare Monitoring will Drive the Biosensors Market Growth

Biosensors Market
Market Insights:

Biosensors are analytical devices that can detect the concentration or presence of biological analytes, microorganisms, or biological structures. Biosensors have numerous applications in industries, such as medical, food, and agriculture, among others. They have also found a vital place in COVID-19 diagnosis. SD Biosensor’s STANDARD Q COVID-19 IgM/IgG Duo Test Kit for the rapid detection of SARS-CoV-2 in humoral fluid received EUA (Emergency Use Authorization) from the US FDA in April. The company has also co-developed a SARS-CoV-2 point-of-care (PoC) antigen test with Roche Diagnostics.

A potential cross-industry application that would boost both the biosensors and the wearable devices markets in the following years is the increasing use of wearable biosensors for real-time, accurate healthcare monitoring. A biosensor that can be printed directly on the skin has recently been created by a team of researchers headed by Penn State University’s Larry (Huanyu) Cheng, the most interesting use of which would possibly be for diagnosing COVID-19. The leading companies in the biosensors sphere include Abbott Laboratories, Molecular Devices Corporation, Biosensors International, Bio-Rad International, DowDuPont Inc., Pinnacle Technology, Thermo Fisher Scientific, Siemens Healthineers, TE Connectivity Corporation, and Roche Diagnostics. Both companies and scientists have been exploring the uses of biosensors, and recent years have seen rapid development on the research front.

In a major breakthrough, researchers from the  University of Virginia School of Medicine have developed a simple improvement to fluorescent biosensors prevalent in both medical and scientific research, making it easy for scientists to study biological processes, develop new treatments, explore the happenings within individual cells, and solve other problems connected to different diseases. The biosensors can detect individual targets inside a cell and illuminates them, allowing scientists to monitor and measure biological occurrences that have otherwise been impossible. Researchers Shen Zhang and Hui-wang Ai found that adding 3-aminotyrosine turned the green biosensor red, as explained in the research paper published earlier this month. They tested their enhanced biosensor on insulin-making cells in the pancreas and were able to track the effect of high levels of glucose on the cells.

This week, a team from the Albert Einstein College of Medicine and Duke University has fabricated a novel type of genetically-encoded neural biosensor operating in near-infrared light. The biosensor will help in the non-invasive study of neuron firing at deeper levels in a living brain while tracking the oxygen consumption. The researchers hope that these near-infrared biosensors will become key molecular tools to be used in animal models of human diseases and cognitive neuroscience research, which will help scientists see the mechanisms of different behavioral and emotional regulation in the brain. These developments and the subsequent advancements in the application of biosensors would be a significant driver for the growth of the biosensors market in the following years.