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billion in 2020 to 200 billion in 2030, says Frost & Sullivan. March 4, 2021 – Frost & Sullivan’s recent analysis, Future of Connected Living , reveals that the device-to-person ratio will exceed 20 to 1 by 2030 as the world enters the era of hyperconnectivity and catapults organizations’ digital transformation. .
To learn more, please access: Growth Opportunities in the BaaS Market, 2024-2030 and Growth Opportunities for Electric Vehicle Battery Salvaging in Europe and the United States, 2024-2030 , or contact sathyanarayanak@frost.com for information on a private briefing. Such regulatory support is poised to boost market prospects.
By 2030, projections suggest that over 25 million Chinese electric cars will be sold annually, marking a monumental growth trajectory. Here are some of the key areas we explore: Seizing Growth Opportunities for Chinese Electric Cars How can you capitalize on the immense opportunities in a rapidly evolving EV ecosystem?
As companies across consumer segments jump on this trend to expand their reach, the metaverse will become a nearly $750 billion market opportunity by 2030. Expand the services model beyond traditional capabilities and provide clients with unique revenue models in the metaverse as services will play a crucial role in the metaverse ecosystem.
Given these numbers, the country is expected to have around 68 cities with population of more than 1 million by 2030. The smart cities vision is to use digital technologies to provide integrated services to its citizens through the free flow of information, and to usher in an era of good governance. Smart City ICT Infrastructure .
According to Frost & Sullivan, the shared mobility market barely registered in 2021, but by 2025, there will be around 33,000 robotaxis and 16,000 shuttles, and by 2030, and there will be 204,000 shuttles, and 595,000 robotaxis. Shared Partnership Ecosystem. Why is Europe Moving Quickly?
Our research projects global diesel penetration in the heavy-duty trucking industry to reduce to almost 60% from current levels of 93% by 2030. Step Towards Developing a Favorable Hydrogen Ecosystem. In turn, this will require coordinated efforts between governments and the private sector to develop a favorable hydrogen ecosystem.
San Antonio, TX– July 05, 2022 – Citizens’ evolving requirements, rapid urbanization and digitalization are encouraging governments to adopt a digitized governance model. billion more people by 2030. For further information on this analysis, please click here. The global urban population will contain 1.25
Surging investments target 200,000 fuel cell electric vehicle (FCEV) units by 2030. The rapid advance of hydrogen-based, fuel cell electric vehicles (FCEVs) has been the result of government support, R&D investments, stronger supply chains, and the active participation of both private and public sector. of global sales by 2030.
Which industry best practices is your organization implementing to unlock success in the dynamic commercial and public security ecosystem? billion globally by 2030. This urgency is highlighted by the staggering rise in spending on Operational Technology (OT) cybersecurity solutions, soaring from $5.27
The theme for World Environment Day – 5 th June 2021 is ecosystem restoration and the day will also celebrate the launch of the United Nations Decade on Ecosystem Restoration 2021-2030. Customer awareness and activism is pushing up the Environment, Social and Governance (ESG) agenda within industry.
With the EU committed to more than halving its GHG emissions by 2030, it has become imperative for automakers to balance revenues with regulatory compliance, and economics with environmental considerations. In order to pursue this objective, there are plans to operate about 6 battery giga factories in Europe by 2030. 3 GTX, and the ID.2
billion by 2030, surpassing the pre-pandemic level by 2025. From a regional perspective, Asia-Pacific is expected to remain the largest revenue contributor in 2030, while North America will be the fastest-growing region. For further information on this analysis, Global Airline Digitalization Growth Opportunities, please visit: [link].
The global fuel cell trucks market is estimated to register 142,858 unit sales by 2030 , with China accounting for 63.9% Regional governments and energy departments are encouraging fuel cell truck adoption through incentives, tax credits and funding. of total global sales. They also are availing demonstration project scenarios.
Accounting for the need to have both near-term and long-term visibility, monthly data intelligence updates are backed with forecast projections till 2030. As disruption sweeps across the mobility ecosystem, stakeholders need to remain competitive, become more agile, and make more focused future investments. About Frost & Sullivan.
China is a key participant in the global EV ecosystem: Europe : 1.7 The automotive hotspot’s connected vehicles ecosystem now rivals North America’s, with an expanding network of cities offering robo-taxi services, and passenger vehicles with digital interfaces. million EV units (2023) North America : 1.46 annual growth rate.
billion in revenue by 2030 from $8.15 China will remain the largest market in terms of revenue potential for digital grid solutions through 2030. As a result, the market is likely to garner $9.21 billion in 2020, an uptick at a moderate compound annual growth rate of 1.2%. About Frost & Sullivan.
Venkatesan added: “Additionally, the manufacturing industry will increasingly rely upon an ecosystem of technology experts, system integrators, and service enablers to achieve agility and customization. In fact, more than 45% of manufacturing applications are expected to implement robotics-as-a-service (RaaS) by 2030.”.
This massive sector is supported by an intricate and evolving partner ecosystem of various organizations, including exploration and production (E&P) companies, service providers, technology partners, regulators, and logistics firms. From the outset, the oil and gas ecosystem was inherently collaborative.
Beyond 2030, AR and VR will merge, allowing users access to the total reality-virtuality continuum. Its ability to connect 1 million devices for every square kilometer will make 5G the backbone for UI devices and overall connected ecosystems.”. The global augmented/virtual reality (AR/VR) market is expected to reach $661.40
The global push towards decarbonizing transport, efforts at realizing affordable production, and a fast-evolving ecosystem are poised to open up exciting growth opportunities for hydrogen powered, fuel cell electric vehicles (FCEVs) in the passenger vehicles segment. China is currently the world’s largest hydrogen producer.
Though the government is currently pushing for the use of electric vehicles (EVs) and aiming to cut down on its oil imports, it has no plans to completely ban the use of petrol- and diesel-powered vehicles soon. The government would initially support the transition of two-wheelers and three-wheelers to EVs in a phased manner.
billion by 2030. As the share of utilities’ budget for digital solutions continues to increase to support grid modernization and grid-hardening initiatives, so does the interest of ecosystem players to develop robust interoperable digital platforms to advance in the energy transition. The Rise of Energy Services.
million by 2030 in North America and Europe. From 2023 to 2030, eScooter sharing is anticipated to outpace bike-sharing revenues, potentially accounting for 60% of the micromobility market. By 2030, North America’s micromobility fleet is expected to represent only 21% of Europe’s, indicating room for significant expansion.
Market participants to focus on diversifying supply chains, developing user-centric intelligent features, and collaborating with local governments to bridge infrastructure gaps. million units by 2030. Key Industry Trends China’s accelerated development of the EV ecosystem is prompting significant shifts within the automotive industry.
billion by 2030. With safety at the forefront, cities will increasingly implement stricter mandates governing kick scooter use and leverage technology to develop supporting infrastructure. Rapid market expansion will be reinforced by sustainability imperatives and public-private partnerships.
Policy initiatives to strengthen electric vehicle (EV) ecosystem align with US government’s focus on clean transport and domestic manufacturing expansion. Policy Impetus is Key Government support has been a major growth driver for EV markets, worldwide.
With over 15 years of experience in both the private and development sectors, his expertise extends to strategy and innovations, finance and governance, as well as mentoring and training. His expertise spans project management, product strategy, business intelligence, and more, making him a versatile asset in any business context.
The multi-cloud infrastructure market surged past $8 billion in 2022 and anticipates a robust 28% compound annual growth rate from 2023 to 2030. Major players like Google, IBM, and Oracle are arming themselves with cutting-edge tools for seamless migration and ecosystem management.
Furthermore, the following are spurring transformative change in the global semiconductor ecosystem: The rise of wide bandgap (WBG) semiconductors is accelerating due to the increased use of electric vehicles (EVs), which demand more efficient and high-performance power semiconductors.
These include a lack of supportive government regulations and incentives for foreign players, as well as inconsistent enforcement of mandates across different regions. Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030. However, the industry faces several challenges.
These include a lack of supportive government regulations and incentives for foreign players, as well as inconsistent enforcement of mandates across different regions. Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030. However, the industry faces several challenges.
These include a lack of supportive government regulations and incentives for foreign players, as well as inconsistent enforcement of mandates across different regions. Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030. However, the industry faces several challenges.
Due to a clutch of factors— government policy support, tax subsidies, incentives, evolving customer demands, the entry of Chinese, South Korean, and Japanese EV OEMs, and the availability of more economical models—EV sales experienced significant regional growth in 2023. Ecosystem partnerships will be crucial to developing the EV market.
Therefore, while silicon semiconductors will continue to dominate for the next three to four years, Frost & Sullivan projects that they will be overtaken by SiC and GaN semiconductors over 2027 to 2030. billion by 2030. The US CHIPS and Science Act 2022 will reinforce the development of domestic semiconductor manufacturing.
To learn more, please access: Global Two-wheeler Growth Outlook 2024 , Strategic Analysis of Battery Chemistries in Electric Two-wheelers and Growth Opportunities , Growth Opportunities for Electric Vehicle Battery Salvaging in Europe and the United States, 2024 to 2030 , or contact sathyanarayanak@frost.com for information on a private briefing.
Frost & Sullivan’s research highlights that the MaaS market in Europe and North America is set to be close to $20 billion by 2030. This will be challenging in a complex, sprawling ecosystem with multiple participants. Growth impetus for MaaS will come from smart city initiatives anchored in public–private partnerships.
A recent budget statement from the Finance Ministry shows government spending is pegged at 1.11 These trends indicate the kingdom’s diversification objectives through numerous policy efforts under Vision 2030 are being fulfilled. trillion riyals (US$ 296 billion) and revenue at 1.12 trillion riyals (US$ 298 billion). growth in Q2 2022.
Advances in precision agriculture, electrification, automation/robotics, and autonomous tractors, paralleled by new business models such as digital advisory, online marketplaces, P2P renting and leasing are set to shake up the global agricultural tractor ecosystem. s acquisition of Raven and AFS Connect.
Not only are governments enforcing these targets through legally binding systems, but consumers are becoming increasingly aware of the environmental impact of their actions, pressing companies to incorporate sustainable practices to maximize profit and sales. A carbon credit represents a ton of CO2 released into the global atmosphere.
The German multinational conglomerate upholds the idea of zero emission and going fully climate neutral by 2030. This was true even for the government, which implemented various digital transformation and could even conduct matrimonial services through video calls due to the lockdowns,” he said. and completely electrified its fleet.
Early glimpses of a hydrogen fuel cell electric vehicle ecosystem taking shape. Focused expansion of charging and refuelling infrastructure, improved production and distribution, and enhanced government support will be critical to fast-tracking the creation of an enabling ecosystem.
between 2022-2030. Another aspect of collaboration will require OEMs to work with ecosystem stakeholders, including governments and insurance companies to establish regulatory clarity. For instance, ACC will steadily penetrate MD and HD segments, while PCC will be leveraged in highway applications.
billion investment from 2025 to 2030 and the launch of close to 40 new offerings. Charging infrastructure will be unable to keep pace, even as governments proactively support the shift to clean mobility. ” The five-year strategic plan which focuses on decarbonizing mobility in the region envisages a €5.6 YoY growth in 2024.
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