Aircraft Fairings Market With Business Strategies And Analysis To 2028

 Aircraft Fairings | 2021 Scope Of Current And Future Industry 

The global aircraft fairings market size is expected to reach USD 1,713.1 million by 2026 according to a new study by Polaris Market Research. An aircraft fairing is an essential structure which manages and the flow of the airplane body in different directions and axes with reducing the various types of drags such as wave drag, interference drag, parasitic drag, engine cooling- drag and other types of drag. The implementation and functional characteristics play a critical role in design, certification and operational aspects of all narrow-body, wide-body, very large, regional and general aviation. These structures directly affect the performance of an airliner as compared to any other old generation airplane without these structures. In other words, airplane fairings are the smooth structures for reducing the air drag between the joints such as wings & fuselage and engine & wings during the flight.

 

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Fairings are an essential feature of all airplanes as it reduces the drag at most of the areas of airplane body, reduces the roughness of the body surface, increases the smoothness by covering the gaps between the joints of structures, provides an external outline to the aerodynamic structure of the airliner and increases the speed and its efficiency. The complexity of aerospace fairings depends on several parameters including the type of jet, design, fairing application areas, and number of fairings. For instance, General aviation airliners have lesser complex fairings, whereas long haul/commercial jets usually have more complex fairings addressing the aircraft’s application requirements.

 

According to Polaris market Research, the global market for airplane fairings has less than 90 players throughout the world, wherein top 5 major players accounted for a market share of more than 50% in 2019. Companies such as Composite Technology Research Malaysia (CTRM Aerocomposites Sdn Bhd), FACC AG, Finmeccanica-Alenia Aermacchi S.p.A., KAMAN CORPORATION, Korean Air Aerospace Division, Malibu Aerospace LLC, Royal Engineered Composites, ShinMaywa Industries Ltd., Spirit AeroSystems Inc., Strata Manufacturing (a Mubadala Investment Company), Triumph Group, Collins Aerospace (UTC Aerospace Systems) are some of the key players operating in this market. 

 

Rise in global airplanes fleet size, rising demand to streamline aerodynamic structure of jets to boost speed & accuracy, growing global commercial aircraft & general aviation deliveries, introduction of new generation carriers and increasing trend of lightweight components in order to reduce overall weight & increase the fuel efficiency by reducing operational costs, are some of the major factors acting as key drivers of this market.

 

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Among aircraft type, wide-body airplane was estimated to be the largest sub-segment in 2019 and is expected to be the largest during the forecast period as well followed by narrow-body aircraft and very large aircraft sub-segments. This is owing to increasing production and rising demand of wide-body airliner such as A320, B787, B737 and others. Moreover, Airbus anticipated that approximately 34,900 commercial airplanes (narrow-body, wide-body, and very large) will be delivered during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the growth engines for the commercial airplane segment.

 

Among material type, composites accounted for the largest share in 2019 and is expected to be the largest segment during the forecast period as well. Also, composites are expected to be the fastest growing material type for airplane fairings during the forecast period owing to increasing demand of lightweight components for airplane structures along with long endurance and less maintenance.

 

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Among manufacturing process type, prepreg layup process was estimated to be the largest sub-segment in 2019 and is projected to be most dominant during the forecast period as well. Also, its is expected to be the fastest growing manufacturing process type for aircraft fairings during the forecast period as well owing to its higher suitability for the composite fabrication and highly preferred method for complex structure for fairings parts. Higher preference towards the prepreg layup by the commercial, general aviation and regional airplane OEMs; increasing production rates of commercial jets, such as B787, A350XWB, and B737; upcoming or the new variants of existing aircraft such as Bombardier C Series and Embraer E-2 jets; and rising airplane fleet size are the major growth drivers of prepreg layup process for the manufacturing of the fairing components globally.

 

Among region, North America was estimated to be the largest region in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is growth engine of this region and accounted for more than 90% of share in the North American market in 2019. This is owing to large presence of small to mid-sized airplanes OEMs, fairing component manufacturers, raw material suppliers, & distributors. In addition, increasing production rates of the airliner models such as B737, B737 Max, B787, B797, B777x, and combat jet such as F-35 is another major factor aiding in the growth of this market in the region.

 

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Digital Therapeutics Market Overview, Trends Forecast Analysis By Top Manufactures

 Digital Therapeutics | 2021 Scope Of Current And Future Industry 

The global digital therapeutics market size is expected to reach USD 13.51 billion by 2028 according to a new study by Polaris Market Research. The report “Global Digital Therapeutics Market Share, Size, Trends, Industry Analysis Report, By Application (Diabetes, Obesity, CVD, CNS Disease, Respiratory Diseases, Smoking Cessation, Others), By End-Use (Patients, Providers, Payers, Employers, Others), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

  

The distinction between digital therapeutics is determined by patient clinical outcomes. Digital therapeutics do not use market-based health-related instruments like step and calorie-counters. It is a modern form of healthcare product that utilizes digital technologies to avoid, handle, and health ailments. Furthermore, it makes use of emerging health technology to treat the psychiatric ailment. As a result, the aforementioned factors contribute to the growth of the target market share.

 

During the year 2020, digital health went from innovation to need. As acceptance peaked, exacerbated by the COVID-19 pandemic, it swept into almost every healthcare domain. Telehealth, digital pathology, triage solutions, telemedicine, mhealth, and digital therapeutics were among the topics discussed.

 

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Omada Health, Inc., took advantage of the shortages in treatment caused by COVID-19 to offer additional help and advice through its dedicated practitioners to those whose doctor’s appointments had been postponed indefinitely.

 

Additionally, the organization assisted primary care practitioners, psychiatrists, endocrinologists, and cardiologists in converting their practices to telehealth through providing improved knowledge, psychosocial support, and an online platform.

 

Market participants such as 2Morrow, Inc., Akili Interactive Labs, Ayogo Health Inc., Better Therapeutics, Inc., Canary Health Inc., Click Therapeutics, Inc., Cognoa, Inc., Ginger, Kaia Health Software GmbH, Livongo Health Inc, Mango Health, Inc., Mindstrong Inc., Noom Health, Inc., Omada Health, Inc., Otsuka America Pharmaceutical, Inc., Pear Therapeutics, Inc., Propeller Health, WellDoc, Inc., and Wellthy Therapeutics are some of the companies operating in the market for digital therapeutics.

 

The FDA issued recommendations extending and encouraging the scope of digital health therapeutics technologies for mental health issues in response to COVID-19 and its ramifications on mental health. Another factor expected to drive demand growth is increased public and private sector initiatives. For example, Akili Interactive Labs, Inc. obtained the CE mark for EndeavorRx, its digital therapeutics software for the treatment of ADHD, in June 2020.

 

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Digital therapeutics is anticipated to rise at a steady pace in the given timeframe, due to strong internet usage and reliance on smartphones. This is due to a rise in demand for creative and innovative treatment solutions that patients can access remotely.

 

In February 2021, SilverCloud and Cerner Corporation collaborated to combine SilverCloud’s virtual mental health network with Cerner’s electronic health records. SilverCloud hoped that by doing so, it would be able to scale the delivery of evidence-based mental health services while both enhancing patient outcomes and lowering healthcare costs.

 

Polaris Market Research has segmented the digital therapeutics market report based on application, end-use, and region:

 

Digital Therapeutics, Application Outlook (Revenue – USD Billion, 2016 – 2028)

• Diabetes
• Obesity
• CVD
• CNS Disease
• Respiratory Diseases
• Smoking Cessation
• Others

Digital Therapeutics, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

• Patients
• Providers
• Payers
• Employers
• Others

 

Wireless Mesh Network Market With Business Strategies And Analysis To 2028

 Wireless Mesh Network | 2021 Scope Of Current And Future Industry 

The wireless mesh network market is anticipated to reach around $119.2 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the smart cities and warehouses segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global wireless mesh network market revenue during the forecast period.

 

The growing need for efficient and stable network performance, along with the ability of wireless mesh network to flexibly expand and increase performance has boosted growth of the wireless mesh network market. Furthermore, the rising penetration of mobile devices, and rising adoption of mobile-connected devices further support the growth of this market. Additionally, the increasing demand of wireless mesh network from small and medium enterprises has supported market growth over the years. 

 

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Increasing investments by vendors in technological advancements, growing demand for wireless broadband services, and declining costs of connected devices would accelerate the growth wireless mesh network market during the forecast period. However, data privacy and security concerns are expected to hinder market growth. Growing demand from emerging economies, increasing adoption of IoT and smart grid applications are expected to provide numerous growth opportunities in the coming years.

 

Wireless mesh networks are increasingly being used for environmental monitoring and precision agriculture. The farming industry is using automation and technology to increase profitability and reduce operating costs and the use of sensors in fields, tractors and vineyards for monitoring and management of farm operations has resulted in increased crop production and less resource wastage has also supported the wireless mesh network market growth in the recent past. Low frequency wireless mesh networks using sensor networks are deployed for environmental conditional monitoring, whereas high frequency wireless mesh networks are being used for tractor automation and precision agriculture and has increased the demand for wireless mesh network.

North America generated the highest revenue in the market in 2017, and is expected to lead the global wireless mesh network market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of IoT drive the wireless mesh network market growth in the North America. The growing demand of mobile devices, and technological advancements further support market growth in the region. The use of smart technologies in energy and utilities, industrial automation, and intelligent buildings is expected to support market growth in this region during the forecast period.

 

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The major players operating in wireless mesh network market include Ruckus Wireless, Cisco Systems, Aruba Networks, Tropos Networks, Strix Wireless Systems Pvt Ltd, Firetide, Inc., Cambium Networks, Qualcomm, Rajant Corporation, Synapse Wireless. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Mining Drills and Breaker Market Size, Recent Advancement & Scope Top Trends

 Mining Drills and Breaker | 2021 Scope Of Current And Future Industry

The global Mining Drills and Breakers market size is expected to reach USD 15,817.8 million by 2026 according to a new study by Polaris Market Research. The report “Mining Drills and Breakers Market Share, Size, Trends, Industry Analysis Report By Product Type (Drills (Rotary and Crawler), Breakers (Rock and Hydraulic)), Sales (Original Equipment, Aftermarket), Application (Mineral Mining, Coal Mining, Metal Mining); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Mining industry has witnessed a huge shift in production, exploration activities, technological advancements and many more in the recent years. This industry uses sophisticated and productive machinery with digitization in order to increase the productivity and decrease the costs. The mining industry deals with huge tasks that are related to operations and maintenance. Increase in demand for metals in various industries have accelerated the mining activities across the globe.

 

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One of the major factors driving the demand for mining drills and breakers market the development of underground and surface exploration operations. During the mining operations, drills are used to dug into the surface and breakers are used to break the rocks into smaller pieces. This in turn, has driving the growth of in demand for mining drills and breakers. Technological advancements such as use of IoT, infrared, sonic and optical cameras have also fueled the growth of this market. However, stringent government regulations pertaining to environment protection is anticipated to hamper the growth of this market in near future. China has implemented the Environmental Protection Tax Law in order to cope with the pollution caused by exploration activities.

 

Metal mining holds a major share in the global market. Increasing demand for metal across the globe has propelled the growth in demand for drills and breakers. Coal mining is also expected to exhibit rapid growth in the overall market. Asia Pacific is expected to witness exponential growth in the mining drills and breakers market over the forecast period. Rapidly growing construction market in this region is projected to fuel the growth in demand for mining drills and breakers. The market is dominated by after sales as the equipment and their parts are subject to massive wear and tear during operations. The companies operating in this market are providing repair services along with rental services.

 

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Some of the leading players in the global market include Caterpillar, Inc, Boart Longyear, Energold Drilling Corp, Doosan Corporation, Epiroc AB, Geodrill Limited, Komatsu Ltd, Metso Corporation, Furukawa Co., Ltd, and Sandvik AB. among others. The key players in this market have adopted the strategy of product differentiation with a focus on pricing and specifications. In addition to this, providing application specific breakers is also expected to bring in new opportunities for the major players in this market. In addition, partnerships to strengthen the distribution channels can prove as a major developmental strategy for the key players in this market

Biotechnology Market Global Forthcoming Developments, Business Opportunities & Future Investments

 Biotechnology | 2021 Scope Of Current And Future Industry 

 

The global biotechnology market is estimated to reach USD 2,267.77 billion by 2028 growing at a CAGR of 15.5% during the forecast period, according to a new study published by Polaris Market Research. 

 

Growing hepatitis B disease, increasing interest of horticultural items such as sugarcane, rice, beans, and wheat due from the increasing populations in economies such as U.S., China and India are expected to push the overall biotechnology market. The growth of this market is further propelled by elements such as deficiency of water, low yield of items, insect attacks, and constrained availability of agrarian land, which is promoting the companies to invest and conduct R&D activities at a broader scale. Another factor which is helping the market growth includes regenerative medicines. Existence of a huge section of businesses concentrating on the advancement of regenerative treatments is anticipated to push the market development through to 2026. Technological developments in the areas of artificial intelligence in this market is estimated to sustain progress with possible opportunities. The companies are engaged in using artificial intelligence in order to understand cancer cases, while working on the medical trials.

 

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Some of the major players operating in this market include Abbott Laboratories, Agilent Technologies, Amgen, BioGen Medical Instruments, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen, Thermo Fisher Scientific, Gilead, Celgene, Novo Nordisk A/S, Novartis AG, Sanofi Aventis, and Lonza.

 

Encouraging government policies associated with biological advancements is also propelling the growth in this market. Established economies such as United States and UK and growing economies such as China and India are investing in the biotechnology R&D initiatives. Governments are associating with private companies for expanding their research into this domain.

  

Owing to technological improvements and prevalent applications of biotechnology in healthcare is helping the market to gain a strong growth during the forecast period. Companies are constantly introducing brand-new biotechnological medicines and vaccines to deal with diagnosis and biopharmaceutical development within the healthcare sector, is approximated to push the market further towards its growth. Bioinformatics is anticipated to witness the fastest growth in the coming years. Developments in data combination tools through cloud computing platform facilitate analysis and assistance to process enormous next-generation sequencing information. These advancements are approximated to greatly boost adoption of bioinformatics tools in numerous life sciences applications in the near future. Application of nanotechnology-based products is anticipated to improve development in this sector. Reducing costs and increase in number of services related to biotechnology are expected to drive the market with profitable avenues.

 

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North American pharma and biotech organizations have experienced excellent success in last couple of years resulting in a larger market share. Universities and research institutes are also introducing various biotech-based programs which would help the market to gain its much-required traction. The Asia Pacific  market on the other hand is anticipated to grow at the most significant rate due to improving and growing healthcare infrastructure coupled with local companies in this region focusing on developing advanced medicines to cure chronic diseases such as cancer with the help of biotechnology. With strong government and federal assistance and recruitment of extremely trained researchers has made it possible for countries such as China and India to swiftly develop capacity for regenerative medication.

 

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Electric Bed Market With Business Strategies And Analysis To 2028

 Electric Bed | 2021 Scope Of Current And Future Industry 

The global electric bed market size is expected to reach USD 4.12 billion by 2028 according to a new study by Polaris Market Research. The report “Global Electric Bed Market Share, Size, Trends, Industry Analysis Report, By Product (Semi-automatic, Fully Automatic), By Application (General Bed, Intensive Care Bed, Bariatric Bed, Birthing Bed), By End-Use (Hospitals & Clinics, Reproductive Care Centers, Dentistry, Others); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The electric bed allows the patient to adjust both upper and lower body positions with a self-adjustable height feature. They help in a variety of medical complaints and rapidly increase patient’s comfort. It offers several health benefits such as chronic pain, people with poor mobility, swelling, arthritis, acid reflux, and people with frequent cases of heartburn.

 

The market is driven by rising hospital admissions, owing to the recent surge in COVID-19 cases and sports injuries across the globe and technological advancements in the hospitals. According to the market statistics published by the U.S. Center for Disease and Control (CDC), around 30 million people take part in sports-related activities in the U.S. alone. Of this, individuals aged 15 to 20 accounted for around 2 million injuries and more than 30,000 hospital admissions per year.

 

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Technological advancements by the key companies operating in the market, over the few years, have been able to expand their portfolio of smart offerings. For instance, in November 2019, China-based smart products manufacturer, Xiaomi, expanded its smart product offering named 8HMilan, which is controlled with voice commands.

 

Xiaomi smart electric product is fully equipped with high-performance motors, which could be lifted independently, any of the angle could be adjusted, seamless gear limit, 0 to 60 degree back adjustment, 0 to 30-degree leg adjustment, and one can unlock more nodes. The operator can control the operation of the product with voice commands, and buttons.

 

Market participants such as Arjo, Medline Industries, Inc., Hill-Rom Services Inc., Paramount, Gendron Inc., Stryker, Malvestio Spa, Invacare Corporation, LINET, and Midmark India Pvt. Ltd. are some of the key players operating in the concerned market. Market players in the industry are focusing on commercializing their products by emphasizing innovative features.

 

For instance, in October 2020, the U.S.-based medical equipment manufacturer introduced a new line of electric cots in the market under the brand name “ProCuity”. A portfolio of offerings under this brand is completely wireless products equipped with full-proof patient monitoring features. It helps in reducing patient falls, allows nurses to efficiently monitor cot-ridden patients, and patients can effectively rotate the cots in different positions.

 

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Polaris Market research has segmented the electric bed market report on the basis of product, application, end-use, and region:.

 

Electric Bed, Product Outlook (Revenue – USD Million, 2016 – 2028)

• Semi-automatic
• Fully-automatic

Electric Bed, Application Outlook (Revenue – USD Million, 2016 – 2028)

• General Bed
• Intensive Care Bed
• Bariatric Bed
• Birthing Bed
• Others

Electric Bed, End Use Outlook (Revenue – USD Million, 2016 – 2028)

• Hospitals & Clinics
• Reproductive Care Centers
• Dentistry
• Others

 

Tumor Ablation Market Size, Recent Advancement & Scope Top Trends

 Tumor Ablation | 2021 Scope Of Current And Future Industry 

The global tumor ablation market is anticipated to reach USD 2.4 billion by 2026 according to a new study published by Polaris Market Research. Ablation is treatment for the destruction of liver tumors without removing them. These technique is used in patients with few small tumors and when surgery is not a worthy option due to reduced liver function or poor health condition. These treatment is sometimes used in patients waiting for a liver transplant. Generally, tumor ablation is a minimally invasive surgical method to treat solid cancers. Special probes are used to freeze or burn cancers without the surgery. Ultrasound (US), Computed Tomography (CT), or Magnetic Resonance Imaging (MRI) are used to guide and position the needle probe into the tumor. The most common cancers treated by this method are lung cancer, liver cancer and kidney (renal) cancer. Other cancers can also be treated if the tumor cell are accessible to reach and of appropriate size

 

The global tumor ablation market is driven by the factors such as rising occurrence of different forms of cancer, technological advancements in the field of tumor ablation for cancer treatment, and rising awareness concerning the benefits of ablation procedures over conventional or traditional surgical procedures. Moreover, rising number of ablation centers, surgical centers, and hospitals are driving the growth of tumor ablation market globally. Additionally, the continual developments in ablation expertise, leading to the increased development of new and pioneering products that are the efficient, safe, and minimally invasive are also advancing towards significant growth of the global tumor ablation market.

 

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With the increasing geriatric population, the demand for minimally invasive surgeries (MIS) is increasing globally. Through minimally intrusive surgeries, the patients result in faster recovery in comparison to conventional invasive procedures. Therefore, the demand for minimally invasive procedures such as radiofrequency ablation and cryoablation is increasing and thereby augmenting the global market growth.

  

The global tumor ablation market is segmented on the basis of type of technology, mode of treatment, and application. On the basis of type of technology, the global tumor ablation market is segmented into Radiofrequency (RF) ablation, Microwave ablation, Cryoablation, and others. The radiofrequency ablation is estimated to dominate the global tumor ablation market owing to its design of treating target tissues without causing damage to the surrounding healthy cells. However, microwave ablation technology is expected to grow at the rapid test rate in the upcoming years, due to increasing adoption of microwave tumor ablation among healthcare specialists.

 

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On the basis of the type of technology, the global tumor ablation market is further categorized into surgical ablation, laparoscopic ablation, and percutaneous ablation.  Moreover, on the basis of application the market is segmented into liver cancer, lung cancer, kidney cancer, bone metastasis, and others. Lung cancer is anticipated to grow with the fastest rate in the forecast period due to growing prevalence of lung cancer cases and increasing private as well as government investment to develop new lung cancer ablation products.

 

Some of the key players operating in global tumor ablation market are EDAP TMS S.A., St. Jude Medical Inc., BVM Medical Ltd., SonaCare Medical LLC, AngioDynamics Inc., Boston Scientific Corp., BTG International Ltd., Integra LifeSciences Holdings Corp., and Medtronic plc. among others.

 

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Parking Management Systems Market Overview, Trends Forecast Analysis By Top Manufactures

 Parking Management Systems | 2021 Scope Of Current And Future Industry 

The worldwide Parking Management Systems market is anticipated to reach around USD 9,786 million by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

 

The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth. The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the parking management systems market.

 

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The increasing development of autonomous and semi-autonomous vehicles, and rising penetration of mobile devices boost the adoption of parking management systems. However, high costs of implementing parking management systems would restrict the market growth during the forecast period. New emerging markets, and growing adoption of smart cities would provide growth opportunities for parking management systems market in the coming years.

  

In 2017, North America accounted for the highest share in the global parking management systems market. The growing need to streamline traffic flow coupled with introduction of stringent regulations regarding vehicular safety accelerate the adoption of parking management system in the region. The high living standards and disposable income further increases the demand of luxury automobiles in the region. The increasing development of smart cities in the region, and development of autonomous vehicles would provide growth opportunities during the forecast period.

 

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The major players of the parking management systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Autonomous Cars Market With Business Strategies And Analysis To 2028

 Autonomous Cars | 2021 Scope Of Current And Future Industry 

The global autonomous truck market size is expected to reach USD 2.14 Billion by 2027 according to a new study by Polaris Market Research. The report “Autonomous Truck Market Share, Size, Trends, Industry Analysis Report By Level of Autonomy (Level1, Level2, Level3, Level4, Level5); By Sensor Type (Radar, LiDAR, Camera, Ultrasonic); By End-Use (Logistics, Construction & Manufacturing, Mining, Port); By Region – Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

A rapid growth has been seen in the shipment of autonomous vehicles in the recent past, which has significantly encouraged truck manufacturers or new entrants in the market to invest in this novel technology. An increase in labor costs will create possibilities for self-driving Truck that use methods that reduce errors and risks with minimized human input, especially in emerging markets. Moreover, shifting production capacities to developing countries and improving economic conditions would result in the growth of the Autonomous Truck market. Consequently, new entrants will have possibilities in the industry. This is expected to be a major driving factor in the global self-driving trucks market.

 

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The self-driving truck works on electricity; therefore, they are considered far more environment friendly, as compared to standard trucks. The electricity-based vehicle consumes less oil and gas and reduces fuel emissions, which in turn, contributes to the growth of the global market. However, there are certain factors that impede the market growth such of risk from hackers and increase cybercrime has limit the adoption of Autonomous Truck among consumers.

 

Artificial Intelligence comprises many applications in the automotive sector such as in autonomous driving and Advanced Driver Assistance Systems (ADAS). The replacements of sensors, networks are widely used that facilitate the services of lane detection. Furthermore, artificial intelligence enables to collect a large amount of data for mobile devices and IoT sensors to improve the storage process and data collection. Though in China, the rate of adoption of AI has propelled in recent years. Moreover, with the on-going trends, it is expected that more and more automotive manufacturers will enter the market in the near future.

 

In autonomous vehicles, the automotive manufacturers and their technology partners are engaged in the development of AI-driven systems to drive the growth of the market. These systems integrate a broad range of AI-enabled technologies, including NLP and neural networks. These technologies offer several features that increase the understanding of vehicles, enabling the safe drive with or without driver on board. With the ever-increasing demand in urban mobility and modern logistics sector, the vehicle population has been steadily growing over the past few decades. The leading automobile giants are coming up with newer self-driving features in their latest models. The respective technological developments are not confined to just communication, information technology, and data analysis; the realm of self-driving cars is also making progress at a brisk speed nowadays.

 

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The adoption of self-driving trucks has changed travel experience due to several advantageous features, such as minimum prices, high-speed, environmentally friendly nature and energy efficiency. Driving software glitches, however, are likely to hinder the growth of the market, as this software is prone to hackers. In addition, even though there’s an autonomous truck supervisor inside the vehicle, hackers can enter the software and override the controls. Thus, the growing threat from hackers and increased cybercrime are expected to limit autonomous truck industry developments in the coming years.

 

A variety of techniques in Autonomous Truck are being implemented in the market that promotes environmentally friendly service, due to increasing environmental degradation and natural resource depletion. In addition, increasing sensitivity to air pollution effects and increased congestion in traffic drive the adoption of self-driven trucks, as they are fuel effective and use much less gas & power while driving than standard cars. Michelin, a tire manufacturer based in France, developed a tire-monitoring system using telematics and predictive analytics, providing a real-time view into the performance and wearing of specific tires on individual trucks to anticipate problems before they occur.

 

 

Telepsychiatry Market Overview, Trends Forecast Analysis By Top Manufactures

  Telepsychiatry | 2021 Scope Of Current And Future Industry 

The global telepsychiatry market size is expected to reach USD 39.90 billion by 2028 according to a new study by Polaris Market Research. The report “Telepsychiatry Market Share, Size, Trends, Industry Analysis Report, By Product (In-home solutions, Forensic solutions, Routine solutions, Crisis solutions, Others); By Age Group (Adult, Pediatric & Adolescent, Geriatric); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The current ongoing pandemic of COVID-19 has impacted several market sectors, including healthcare apps. Governments all across the globe have responded to this with all essential initiatives such as lockdowns, large-scale quarantine, and social distancing, to contain the infection. This has resulted in employee layoffs, which impacted the mental health of people driving the market for telepsychiatry.

 

As per the KFF poll, more than 47 percent of U.S. citizens have reported mental health issues and it is being reported that around 21 percent was due to job loss. Moreover, according to the statistics published by the National Alliance on Mental Illness, around 43.3 percent of the U.S. population had received treatment for mental disorders, in 2018.

 

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Market participants such as InSight Telepsychiatry, MDLIVE Inc., e-Psychiatry, SOC Telemed, Advanced Telemed Services, Telemynd, American Tele-psychiatrists, Iris Telehealth, innovaTel Telepsychiatry, and Encounter Telehealth, LLC. are some of the key players operating in the market for telepsychiatry. The companies in the market are introducing innovative apps and services to perform well in the crowded market.

 

For instance, in December 2020, the U.S.-based telehealth company, MeMD introduced telepsychiatry services to manage employee’s mental health issues amid the COVID-19 pandemic. It includes the “Healthy minds first program” providing employers and their employees to assess critical mental health behaviors. The launch is on the backdrop of the report published by the Center for Prevention and Health Services, which states that mental problems and drug abuse cost employers between USD 79 to 105 each year, collectively in the form of productivity, employee absence, and disability.

 

Previously, in October 2020, Teladoc Health introduced its new service Mental Health Care, enabling its employees to access the best lot of sleep therapists, psychologists, and psychiatrists through their phones, via mobile app. This new service will expand the company’s telehealth services, particularly into niche offerings, such as telepsychiatry.

 

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Polaris Market research has segmented the telepsychiatry market report on the basis of product, age group, end-use, and region:

Telepsychiatry, Product Outlook (Revenue – USD Million, 2016 – 2028)

• In-home solutions
• Forensic solutions
• Routine solutions
• Crisis solutions
• Others

Telepsychiatry, Age Group Outlook (Revenue – USD Million, 2016 – 2028)

• Adult
• Pediatric and Adolescent
• Geriatric

Telepsychiatry, End Use Outlook (Revenue – USD Million, 2016 – 2028)

• Community Mental Health Centers
• Specialty Care Settings
• Skilled Nursing Facilities
• Homecare
• Others

Read More : https://www.medgadget.com/2021/03/telepsychiatry-market-size-is-projected-to-reach-39-9-billion-by-2028-cagr-24-9-polaris-market-research.html

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