Carsharing is used by huge numbers of people in major urban areas. Many customers find it difficult to own a car, so they use car-sharing services to save money, create good use of the cars, and enjoy more perks. By 2050, the UN estimates that there will be at least…

Compared to $14.4 billion in 201 in 2019, the e-bike market is expected to generate $25.9 billion by 2025, growing at a 10.3% CAGR between 2020 and 2025. During the past year, the pedal-assist category of the propulsion type had the biggest volume share of the market. The increasing integration…

Automotive, healthcare, retail, manufacturing, and banking, financial services, and insurance (BFSI) companies around the world are increasingly adopting cloud computing platforms, as they offer hosted data storage solutions, which help organizations in substantial cost savings. Cloud computing serves as an ideal platform for deep learning algorithms, as the architecture provides…

The rising incidence of road accidents all over the world is pushing up the global demand for advanced vehicular safety systems such as advanced driver assistance systems (ADAS). Moreover, the governments and regulatory authorities in several countries are enacting strict policies aimed at promoting vehicle safety. In many developed nations…

Under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME I) scheme implemented in 2015, the Indian government had sanctioned $130 million (INR 895 crore) to incentivize electric vehicles (EVs) in the country. Further, in 2019, the government launched the FAME II scheme with a budgetary allocation of…

More than 90% of the road accidents globally are caused due to human error. This alarming statistic is propelling the requirement for driving simulators in the transportation and government sectors. In addition, the rising requirement for logistics and shared mobility services is leading to a strong need for trained drivers…

The wearable AI devices market is witnessing an increase in its revenue because of people’s rising disposable income, increasing popularity of wearable consumer electronics, surging purchases of wearable AI devices for healthcare purposes, technological advancements in consumer electronics, and booming requirement for AR/VR headsets. Such consumer electronics generally feature advanced…

From $155.4 billion in 2021, the Western European heavy ground transportation vehicles market size is set to reach $271.5 billion by 2030 with a CAGR of 6.4%. This is attributed to the introduction of advanced automotive technology, rapid urbanization, and rise in the scale of trade among regional nations. …

The military sector of developing countries, such as India and China, is focusing on replacing its aging helicopter fleet, owing to which aerospace companies from the West are introducing their offerings in such countries. The replacement of old helicopters with new ones will help in reducing terrorism activities on international…