Connected Ship Market Is Predicted To Reach $9.1 Billion By 2027

The global connected ship market size is expected to reach USD 9.1 billion by 2027, registering a CAGR of 5.4% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to the increasing penetration of internet across the shipping and logistics industry across the globe.

The market is largely influenced by the rapid rise in cross border shipping, which in turn has generated a high demand for connected ships. Emphasis of major economies towards globalization to strengthen free trade agreements like NAFTA (North American Free Trade Agreement), TPSEP (Trans-Pacific Strategic Economic Partnership), Southeast Asian Nations Free Trade Area (AFTA) will drive the market.

The growth and progress in trading and logistics is expected to drive the market. Also, the factors such as shale gas evolution, rising export and import of chemicals, recovering petrochemical industry are positively influencing market growth. Also, container transportation is increasingly adopted globally to transport goods. It acts as a major driver for the cargo shipping market in the both - developed and developing countries.

The volume of international seaborne trade in 2016 was recorded at 10289.0 Mn tons and increased to 10702.0 Mn tons in the year 2017. This year on year rise in seaborne trade is also expected to significantly impact the market of connected ships in the upcoming years. The rising sea borne transport has compelled the manufacturers to invest in research and development on technology enhancement such as connected vessel technology, while enabling the exchange of information through a single network to make it more secure and safe. The adoption of connected ship solution allows stack owners to obtain real time position of shipment, operation control of the ship, and vessel traffic management. The applications of industrial IoT are using an enormous amount of available data, cloud services, as well as business analytics and enterprise mobility capabilities to analyze and optimize the shipping operations.

Government initiatives especially in emerging economies such as China and India, are focused towards digitalization of the vessel to achieve tracking as well for security purposes. Also, growing chemical industry in these countries is expected to positively impact market growth. Also, to attract more business the governments have been observed to be restructuring trade policies and infrastructure which is anticipated to boost the market over the forecast period.

Europe captured a significant share in the market owing to presence of key manufacturers in the region. U.K., Germany, and France are among the top five countries with the highest volume of parcel shipments in the region. However, Asia Pacific is expected to witness highest CAGR over the forecast period, owing to remarkable growth in the e-commerce sector and increasing internet penetration.

Full Research Report On Connected Ships Market Visit Here: https://www.grandviewresearch.com/industry-analysis/connected-ship-market

Further key findings from the report suggest:

• The market is anticipated to witness a substantial growth registering a CAGR of 5.4%, on account of the growing emphasis towards marine tourism
• Sports connected Type segment is anticipated to witness high CAGR over the forecast period ascribing to its increasing adoption in both personal as well as sports applications.
• 20ft to 50ft length connected ships in the connected ships length segment is expected to witness higher growth than other segments owing to its low operational, maintenance and fuel consumption.
• Asia Pacific is anticipated to witness high CAGR in the connected ships market over the forecast period owing to government initiatives to boost marine tourism coupled with the rising disposable income of middle-class population in the region.
• The market is oligopolistic in nature, dominated by key players in the market namely General Electric Company; Nikon Corporation; Olympus Corporation; Mistras Group, Inc.

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Grand View Research has segmented the global connected ships market on the basis of ship type, installation type, application, and region:

Connected Ships Type Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Defense

Connected Ships Installation Type Outlook (Revenue, USD Million, 2016 - 2027)

• Onboard
• Onshore

Connected Ships Application Outlook (Revenue, USD Million, 2016 - 2027)

• Vessel traffic management
• Fleet operations
• Fleet health operations

Connected Ships Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Electric Vehicle Communication Controller Market Size, Share & Trends Analysis Report By 2026

The global electric vehicle communication controller (EVCC) market size is expected to reach USD 436.5 million by 2026, registering a CAGR of 32.5% from 2020 to 2026, according to a new report by Grand View Research, Inc. The market is driven by increasing adoption of electric vehicles (EV) and advancements in charging solutions. Prominent companies in the market, including Tesla, Inc. and LG INNOTEK, are focusing on development of advanced charging technology. Furthermore, rising demand for fast charging technology is fueling market growth.

On-going developments in wireless charging technology for EVs and associated safety concerns are significantly contributing to the growing demand for EVCC. Various Original Equipment Manufacturers (OEMs) and automotive manufacturers have established partnerships for the development of EVCC and incorporating EVCC in wireless charging technology. For instance, Enide, AB Volvo, Continental AG, and HELLA GmbH & Co. KGaA have collaborated on the UNPLUGGED project aimed at development of wireless charging technology. Rise in the number of EVs is fueling the demand for Vehicle-to-Grid (V2G) technology, through which the automobiles can recharge their battery and simultaneously send back electric energy into the grid, when there is a surge in demand. Increasing adoption of EVCC in the development of V2G technology is accelerating market growth.

Governments in countries such as U.S., China, and Germany are collaborating with various academic institutions such as Sandia National Laboratories and the University of Delaware for the development of V2G technology. Furthermore, the growing Public-Private Partnerships for the development of EVCC are expected to propel the market. In May 2012, the University of Delaware, Exelon Corporation, various OMEs, and the U.S. government established the Mid-Atlantic Grid Interactive Car Consortium (MAGICC) that focused on the development of EVCC for V2G. The MAGICC project was funded USD 200,000 by the Delaware Green Energy fund, USD 250,000 by Exelon Corporation, and USD 150,000 from Google LLC for R&D.

Full Research Report On Electric Vehicle Communication Controller Market Visit Here: https://www.grandviewresearch.com/industry-analysis/electric-vehicle-communication-controller-evcc-market

Further key findings from the report suggest:

• The Supply Equipment Communication Controller (SECC) communication controller segment is expected to grow significantly owing to rising need for safety while ensuring fast charging
• The wireless charging technology segment is anticipated to register the highest CAGR over the forecast period owing to numerous benefits offered, such as full autonomy and convenience for EV passengers
• The Battery Electric Vehicle (BEV) segment is anticipated to grow significantly over the next few years owing to growing initiatives by OEMs toward the development of EVCC for charging stations in cities
• The commercial segment is expected to grow remarkably over the forecast period owing to rise in the adoption of EVCC in the fleet of logistic and public transport agencies
• The Asia Pacific market is expected to grow significantly over the forecast period owing to increasing national standards for EV charging interfaces and communications protocols set by the National Energy Administration, China
• Key players in the electric vehicle communication controller market are ABB, Ltd.; BYD Auto; Efacec; Ficosa; LG INNOTEK; Mitsubishi Electric; Robert Bosch LLC; Schneider Electric; Tesla, Inc.; and Vector.

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Grand View Research has segmented the electric vehicle communication controller market based on system, charging type, electric vehicle type, application, and region:

EVCC System Outlook (Revenue, USD Thousand, 2015 - 2026)

• Vehicle Based Communication Controller
• Supply Equipment Communication Controller (SECC)

EVCC Charging Type Outlook (Revenue, USD Thousand, 2015 - 2026)

• Wired Charging
• Wireless Charging

EVCC Electric Vehicle Type Outlook (Revenue, USD Thousand, 2015 - 2026)

• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

EVCC Application Outlook (Revenue, USD Thousand, 2015 - 2026)

• Passenger Vehicle
• Commercial Vehicle

EVCC Regional Outlook (Revenue, USD Thousand, 2015 - 2026)

• North America
• U.S.
• Canada
• Europe
• Netherlands
• U.K.
• France
• Norway
• Germany
• Asia Pacific
• China
• Japan
• South Korea
• Latin America
• Brazil
• Middle East & Africa (MEA)

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Marine Fuel Injection System Market Size Is Predicted To Reach $6.3 Billion By 2027

The global marine fuel injection system market size is expected to reach USD 6.30 billion by 2027, registering a CAGR of 3.36% over the forecast period, according to a new study conducted by Grand View Research, Inc. Marine fuel injection system is a combination of several components that include injectors, pumps, and valves. These components form a vital part in the entire propulsion system of the ship and are responsible for maintaining the adequate supply of the fuel in the combustion chamber for efficient functioning of the engine.

These systems require frequent replacements or repairs when used for marine applications. In addition, the shipbuilding companies are required to abide by the stringent emission regulations imposed by the government of their respective nations. Therefore, proper and efficient functioning of these systems is required to maintain the engine efficiency.

The product suppliers across the globe are undertaking strategic initiatives to develop innovative products with better efficiency and enhanced engine performance. Moreover, growing concern with regards to emission regulation is also making component suppliers to improvise their product offerings.

Full Research Report On Marine Fuel Injection System Market Visit Here: https://www.grandviewresearch.com/industry-analysis/marine-fuel-injection-system-market

Marine Fuel Injection System Market Report Highlights

• A rise in the global seaborne trade is one of the major factors driving the market growth
• Fuel injector segment is expected to account for the largest market share during the forecast period owing to the short lifespan of these components
• Commercial application segment led the market in 2018 and is expected to maintain its dominance throughout the forecast years owing to widespread usage of cargo/container ships
• Asia Pacific is anticipated to be the largest regional market followed by Europe owing to increasing demand for personal watercrafts in countries including Australia and China
• The key companies in the market include Caterpillar, Inc.; Rolls-Royce Plc; Yanmar Co. Ltd.; Woodward, Inc.; and Liebherr International AG

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Marine Fuel Injection System Market Segmentation

Grand View Research has segmented the global marine fuel injection system market on the basis of component, application, and region:

Marine Fuel Injection System Component Outlook (Revenue, USD Million, 2016 - 2027)

• Fuel Injector
• Fuel Pump
• Fuel Valve
• Electronic Control Unit (ECU)
• Others

Marine Fuel Injection System Application Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Passenger Cruise
• Bulk Carrier & Container Ships
• Tankers
• Others
• Defense
• Submarines
• Aircraft Carriers
• Destroyers
• Frigates

Marine Fuel Injection System Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Public Cloud Market Size Is Predicted To Reach $596.0 Billion By 2027

The global public cloud market size is expected to reach USD 596.0 billion by 2027, expanding at a CAGR of 14.6% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Owing to the high scalability and reduced operational costs offered by cloud services in the wake of digital transformation of industries, the market is witnessing rapid growth. Moreover, enterprises across the globe are gradually adopting public cloud technology to rapidly build, test, and release quality software products.

The public cloud is a multi-tenant environment, which offers rapid elasticity and high scalability with capability to consume resources on a pay-per-use basis. Governments and institutions are planning gradually to completely integrate its conventional systems with these computing technologies. As a part of the IT Modernization effort, U.S Federal Government had initiated Cloud Smart Strategy in October 2018 to improve citizen-centric services, accessibility, and maintain cybersecurity. Moreover, adoption of the technology is rapidly gaining importance among Small and Medium Enterprise (SMEs) sector due to the cost competitiveness offered in the market.

Currently, most of the enterprises of varying sizes, are revamping from traditional to digital mode of business. The transformation is likely to create potential market for public cloud owing to its benefits such as reduced Total Cost of Ownership (TCO), agility, and flexibility. IBM Corporation states that around 89% of IT professionals expect to move business-critical workloads to cloud, which are driven by the growth in digitization.

Government organizations are also this technology services for storage, disaster recovery, risk compliance management, and identity access management applications. In October 2019, amidst corporate hostility, Microsoft Corporation was awarded the U.S Department of Defense contract, Joint Enterprise Defense Infrastructure (JEDI) worth USD 10 billion.

Full Research Report On Public Cloud Market Visit Here: https://www.grandviewresearch.com/industry-analysis/public-cloud-market

Public Cloud Market Report Highlights

• Infrastructure as a Service segment is predicted to expand at the highest CAGR over the forecast period owing to elimination of capital expense, increased scalability and reliability, better security, and fast data accessibility
• Amazon.com Inc.; Microsoft Corporation; Alibaba Group Holding Ltd.; Google LLP.; and IBM Corporation are some of the key IaaS vendors in the market, however there are around 160 startups that are also competing in the IaaS domain
• Small and medium enterprise is anticipated to be the fastest growing segment owing to reduced costs for IT hardware and software, improved processing capacity and elasticity of storage, and greater mobility of access to data and service. The growth in adoption of technology among SMEs in emerging economies such as India, Brazil, Vietnam, and the Philippines is likely to boost the market growth over the forecast period
• The manufacturing end use segment is expected to expand at the fastest CAGR over the forecast period. The industry report asserts that executive management in manufacturing, high-tech, and telecommunications are likely to adopt cloud based services completely. Moreover, the industries report that digital services such as public cloud provides around 25% of the total inputs to manufacture a finished product
• Asia Pacific is expected to emerge as the fastest-growing region owing to the increasing focus of SMEs and large enterprise to enhance their digital initiatives. The presence of large companies such as IBM with their establishment of cloud computing centers in China, India, South Korea, and Vietnam is likely to boost the growth

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Public Cloud Market Segmentation

Grand View Research has segmented the global public cloud market based on service, enterprise size, end use, and region:

Public Cloud Service Outlook (Revenue, USD Billion, 2016 - 2027)

• Infrastructure as a service (IaaS)
• Platform as a service (PaaS)
• Software as a service (SaaS)

Public Cloud Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2027)

• Large Enterprise
• Small & Medium Enterprise

Public Cloud End-Use Outlook (Revenue, USD Billion, 2016 - 2027)

• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Manufacturing
• Energy & Utilities
• Healthcare
• Media & Entertainment
• Government & Public Sector
• Others

Public Cloud Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa (MEA)

List of Key Players of Public Cloud Market:

• Adobe Inc.
• Alibaba Group Holding Limited
• Microsoft Corporation
• Oracle Corporation
• Amazon.com Inc.
• Google LLC
• IBM Corporation
• Salesforce.com Inc.
• Workday, Inc.
• SAP SE

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Automotive Axle Market Size Is Estimated To Reach $64.79 Billion By 2027

The global automotive axle market size is estimated to reach USD 64.79 billion by 2027, expanding at a CAGR of 1.1% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing demand for luxury and hybrid vehicles, coupled with growing demand for long trailers to minimize transportation cost, is anticipated to drive the market for automotive axle over the forecast period. Besides, rising penetration of lift axles in Heavy Commercial Vehicles (HCVs) for better fuel efficiency has resulted in significant market growth.

Rapidly growing e-commerce industry across the globe has been putting pressure on the transportation and logistics industry with extreme focus on the road freight transport. Therefore, long trailers are devoted to keep pace with the changing transportation industry landscape. These trucks can be used to transport goods over thousands of miles. Long trailers have the capability to carry higher volumes of goods per journey as compared to standard trucks, which reduces the overall transportation cost, thus improving the profit margins of the logistic service providers. A long trailer has 6 axles on an average for even load distribution. Hence, growing demand for trailer trucks across the logistics sector is anticipated to directly influence the demand for automotive axles over the forecast period.

Besides, growing demand for All Wheel Drive (AWD) and Four Wheel Drive (FWD) vehicles as well as continuous growth in the overall vehicle production have surged the demand for the drive axle. AWD vehicles has witnessed significant demand from China, U.S., European countries, and Japan over the past few years. In 2017, more than 10% of all cars and around two-third of all trucks sold in U.S. were equipped with AWD systems. Moreover, rise in production of commercial vehicles, mainly in North America and Europe, is anticipated to boost the demand for drive axles over the forecast period.

Asia Pacific is anticipated to emerge as the most lucrative regional market for automotive axle over the forecast period. The growth is mainly attributed to increasing automotive production across countries, such as China and India. In 2018, China alone accounted for over 23% of the world’s total vehicle production. Besides, presence of prominent automotive axle manufacturers, such as Hyundai Transys, Inc.; Korea Flange Co. Ltd.; and Somboon Advance Technology Public Co. Ltd., is driving the market in the region. These manufacturers supply automotive axles to some of the prominent OEMs, including Hyundai, Kia, General, Motors, Mitsubishi, Toyota, and ISUZU, thus augmenting the regional market growth over the forecast period.

Full Research Report On Automotive Axle Market Visit Here: https://www.grandviewresearch.com/industry-analysis/automotive-axle-market

Automotive Axle Market Report Highlights

• On the basis of type, the drive axle segment is expected to expand at a volume-based CAGR of 1.6% from 2020 to 2027. Increasing demand for AWD and FWD vehicles is anticipated to boost the segment growth over the forecast period
• Based on application, the rear axle segment is projected to expand at the highest CAGR over the forecast period and is anticipated to reach USD 24.87 billion by 2027. This is attributed to increasing production of commercial vehicles across developed and emerging countries, such as U.K., Canada, France, India, and South Korea
• By vehicle type, the passenger car segment held the dominant share of 67.9% based on volume in 2019. The share is projected to decrease over the forecast period owing to increasing demand for electric vehicles across the globe
• Asia Pacific accounted for 50.5% share of the overall revenue in 2019 and is anticipated to record a shipment of 118.3 million units by 2027. This is attributed to increasing production of vehicles in countries, such as India, China, Japan, and Australia
• Key competitors in the automotive axle industry include ZF Friedrichshafen AG; Daimler AG; Dana Incorporated; and American Axle & Manufacturing Inc.

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Automotive Axle Market Segmentation

Grand View Research has segmented the global automotive axle market based on type, application, vehicle type, and region:

Automotive Axle Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)

• Drive
• Dead
• Lift

Automotive Axle Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)

• Front
• Rear

Automotive Axle Vehicle Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Automotive Axle Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of the World (RoW)

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com