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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. .
The BaaS market is currently dominated by strategicpartnerships between major OEMs and battery swapping companies, focusing on developing swappable EV models. from 2024 to 2030, with the number of operational stations expected to more than double to an estimated 8,585 EV swap stations within this period.
By 2030, projections suggest that over 25 million Chinese electric cars will be sold annually, marking a monumental growth trajectory. The rise of Chinese automakers is bolstered by strategicpartnerships and joint ventures, both domestically and internationally.
The global fuel cell trucks market is estimated to register 142,858 unit sales by 2030 , with China accounting for 63.9% of total global sales. Regional governments and energy departments are encouraging fuel cell truck adoption through incentives, tax credits and funding.
Policy roadmaps for hydrogen development, reinforced by strategic stakeholder collaborations, are poised to improve access, affordability, and adoption of fuel cell electric vehicles. With an eye to reducing costs, the setting up of a robust international hydrogen supply chain by 2030 is also on the anvil.
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.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
Strategicpartnerships between telematics service providers (TSPs), original equipment manufacturers (OEMs), and other technology facilitators are delivering new value propositions for users. Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030.
Strategicpartnerships between telematics service providers (TSPs), original equipment manufacturers (OEMs), and other technology facilitators are delivering new value propositions for users. Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030.
Strategicpartnerships between telematics service providers (TSPs), original equipment manufacturers (OEMs), and other technology facilitators are delivering new value propositions for users. Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030.
Accordingly, alternate fuelled trucks (fuel cell electric, electric, natural gas) are projected to steadily increase their share of refuse hauler sales in developed markets by 2030. Simultaneously, startups are likely to trigger ecosystem disruption with niche products and solutions.
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.
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.
The company fully complies with international best practices in data center security and environmental sustainability, pledging carbon-neutral data center operations by 2030. Today, the company is on track to meet its sustainability goals, and in 2020, its first data center was awarded the Leadership in Energy and Environmental Design Gold v.4
For a start, we saw off-highway equipment manufacturers establish clear roadmaps framed by sustainability agendas, as illustrated by Komatsu’s declared intent to boost the ratio of renewable energy use by 50% from 2010 to 2030. Another big trend was the emergence of digital platforms and services aimed at improving data use.
between 2022-2030. Strategicpartnerships with technology companies and Tier I and II suppliers will accelerate ADAS functionalities. Another aspect of collaboration will require OEMs to work with ecosystem stakeholders, including governments and insurance companies to establish regulatory clarity.
Fueled by rising customer demand, the company continually expands into new markets through strategicpartnerships. Additionally, STT GDC aims to comply with global green building certifications, follow current environmental trends, and achieve carbon-neutral data center operations by 2030.
Gautham Gnanajothi, Global Research Director at Frost & Sullivan, said, “Landis+Gyr’s strategicpartnership with Vodafone and the launch of its IoT connectivity service further strengthens its eminence in communications technologies. Having avoided more than 8.5 With sales of USD 1.4
However, adoption rates are poised to take off because of beneficial policies, subsidies, incentives, and the government’s agenda of having EVs account for 30% of passenger vehicles, 70% of commercial vehicles, and 80% of two and three-wheelers by 2030. The transition to EVs will flounder without proper charging infrastructure.
The global proteomics industry is poised for significant expansion between 2024 and 2030, driven by advances in research and pharmaceutical applications. The Proteomics Ecosystem: Whos Driving Innovation? Strategicpartnerships with bioinformatics firms and academic institutions will drive next-gen proteomics innovations.
Grow rapidly in Chinas connected vehicle ecosystem. Download our comprehensive analysis, Top 10 Strategic Imperatives in Growth Opportunities in Chinese Passenger Vehicle Connected Services, Asia today. Clickhereto download You can also directly engage with our experts in a Growth Pipeline Dialog !
The future of battery materials will be defined by the ability to integrate AI-powered analytics, develop sustainable and high-performance materials, and build strategicpartnerships across industries. What are the critical forces shaping battery material innovation, and how can companies leverage these shifts for long-term growth?
To stay ahead, companies are strategically navigating critical shifts: Key EV Battery Innovations Shaping the Market Solid-State Batteries (SSBs) Representing a major leap in battery technology, SSBs offer improved energy density, safety, and lifespan. By 2030, EV demand will skyrocket forcing OEMs to rethink their battery strategies.
Strategicpartnerships, infrastructure expansion, battery swapping, battery-as-a-service (BaaS) initiatives, and a focus on innovation and affordability will spark boom in India’s e2W market. from FY 2025 to FY 2030. Despite the slowdown, the long-term outlook for India’s e2W market remains buoyant.
However, the journey to adopting PHC at scale involves navigating a complex ecosystem, building sustainable business models, and fostering strategic vendor collaborations. To understand PHC adoption challenges and discover how we assist companies in navigating the complex vendor ecosystem.
However, the journey to adopting PHC at scale involves navigating a complex ecosystem, building sustainable business models, and fostering strategic vendor collaborations. To understand PHC adoption challenges and discover how we assist companies in navigating the complex vendor ecosystem.
This transformation is not only reshaping the operational landscape of surgical practices but also creating new opportunities for growth across various sectors within the healthcare ecosystem. Download our full Global Digital Surgery Analysis for key strategic imperatives and growth opportunities. Want deeper insights?
This transformation has led to the emergence of new ecosystems, with Asian OEMs taking center stage, though they have tended to be “followers” rather than pioneers in this field. By 2030, BYD aims to handle most of its development in-house, although the company currently relies heavily on suppliers.
A critical factor in this growth will be the rising adoption of electric variants, underscored by an estimated compound annual growth rate (CAGR) of 8% in electric forklift unit sales over 2023-2030. This shift will be driven by operational advantages such as lower emissions, cost savings, and improved efficiency.
To learn more, please access: Construction and Mining Equipment Electrification Industry, Global, 2024-2035 , Electric Components Market in Off-highway Vehicles, Global, 2024-2035 , Global Forklift Growth Opportunities, Forecast to 2030 , or contact sathyanarayanak@frost.com for information on a private briefing.
To learn more, please access: Construction and Mining Equipment Electrification Industry, Global, 2024-2035 , Electric Components Market in Off-highway Vehicles, Global, 2024-2035 , Global Forklift Growth Opportunities, Forecast to 2030 , or contact sathyanarayanak@frost.com for information on a private briefing.
Organizations that invest in strategicpartnerships, innovation, and technology adoption will be best positioned for success in 2025 and beyond. AI-driven solutions, quantum computing, and integrated telehealth platforms will play a crucial role in shaping the industrys future.
However, widespread adoption will depend on the strategic alignment of regulatory frameworks, technological infrastructure, strategicpartnerships, consumer readiness, and public sector support. Mobility as a Natural Extension of Digital Ecosystems Frost & Sullivan projects the MaaF market to reach $1.24
Does your organization have the right frameworks and benchmarking tools to identify strategic growth partners in APACs evolving 5G ecosystem? Telstra prioritizes internal change initiatives and strategicpartnerships to accelerate 5G journeys for its Australian customer base.
Here, government incentives and strategicpartnerships will be critical in overcoming such financial barriers. On the other hand, Canada has seen slower adoption rates due to a less developed start-up ecosystem. Numerous start-ups have entered the market, introducing innovative business models and technology-driven solutions.
The group’s strategicpartnerships with NVIDIA, Luminar, and Google illustrate its reliance on external expertise to supplement its in-house capabilities, particularly in the field of AD and advanced driver assistance systems (ADAS). By building MB.OS
Middle East: Governments are building closed-loop battery recycling ecosystems , attracting global recyclers like Li-Cycle and Umicore. Middle East: Vision 2030 is driving generative design adoption in real estate and infrastructure. Leverage strategicpartnerships in clean energy, biotech, and smart infrastructure.
He emphasized that 95% of the infrastructure we will use in 2030 already exists today, putting immense pressure on making current systems more resilient and efficient to meet future demands. To address these challenges, Cumins showcased three key projects from the Going Digital Awards: the Bridging Kentucky Program by QK4, Inc.,
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