PrmaodKr's blog

As per a report by P&S Intelligence, the global intelligent traffic camera market is expected to generate a revenue of $24,465.6 million by 2030, increasing from $10,087.8 million, advancing at an 8.5% CAGR during the forecast period (2020–2030). The market is growing due to the surging traffic congestion in developing countries and the increasing number of road accidents and growing safety and security concerns across the globe.

The AI-based clinical trials solution market was valued at about $1,327 million in 2021, which will grow at a rate of over 20%, to reach about $7,074 million by 2030.

Phase II Clinical Trials Most Demanded

The phase II category dominated the industry, with a revenue share of 51%, in the past, because of the high count of drugs and other medical technologies in the second phase of clinical validation.

The airborne detection systems for submarines market is witnessing a rapid growth in the current scenario. This industry growth has lot to do with growing defense budget as a part of the modernization of defense programme, increasing underwater threats, and conflicts and wars.

The low-speed electric vehicle market will grow at a good rate in the future. The growth of the industry is majorly driven by the increasing government support toward the acceptance of these vehicles, together with environmental concerns all over the world.

The World Health Organization (WHO) estimates that approximately 4.2 million human lives are lost due to ambient (outdoor) air pollution and 3.8 million deaths occur due to household exposure to smoke every year, globally. The WHO also states that almost all of the world’s population are exposed to air pollution levels that make them extremely vulnerable to chronic obstructive pulmonary disease (COPD), cancer, heart disease, stroke, and pneumonia. The increasing exposure to air pollution will, therefore, augment the usage of respiratory care devices in the forthcoming years.

The global neurostimulation device market will exhibit huge expansion in the coming years, as per the forecast of P&S Intelligence, a market research firm based in India. The key factors driving the progress of the market are the surging geriatric population, the rising prevalence of neurological ailments and various chronic diseases, the growing incidence of chronic pain among people, and the increasing public awareness about mental health and the various treatments available for mental disorders.

In 2021, the automated external defibrillator market was valued at $1,677.3 million. By 2030, it is expected to capture a $3,520.5 million market size, growing at an 8.6% CAGR from 2021 to 2030. The growing prevalence of CVDs is the primary driver for the market. Therefore, the key market players are focusing on utilizing the advanced AED technology to expand further.

The global diagnostic imaging systems market revenue stood at $38.9 billion in 2019, and it is predicted to grow to $70.0 billion by 2030.
According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 5.8% between 2020 and 2030. The factors driving the expansion of the market are the soaring healthcare expenditure, burgeoning requirement for diagnostic imaging procedures, rising incidence of chronic diseases, and increasing healthcare expenditure across the world.

The preference for electric vehicles has increase significantly all across the globe. This can be attributed to the surging air pollution levels, caused due to conventional ICE vehicles, rapid depletion of fossil fuels, and growing focus on renewable energy sources. Since electric vehicles can aid in curbing the emission of greenhouse gases into the atmosphere, their adoption has been increasing among people since the past few years.

The German fully autonomous vehicles market is predicted to exhibit a CAGR of 20.2% between 2020 and 2030 andattain a valuation of $28.0 billion by 2030, as per the estimates of P&S Intelligence, a market research firm. The German autonomous vehicles market is being driven by the increasing implementation of various government initiatives that encourage the deployment of autonomous vehicles in the country and the rising requirement for a more efficient and safer driving option all over the country.