Tuesday, December 11, 2018

South Korea Lithium Ion Cell and Battery Market Outlook to 2022: Ken Research


The report titled “South Korea Lithium Ion Cell and Battery Market Outlook to 2022 - by Type of Batteries (Li-NMC, LFP, LCO and Others), Power Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than 60,000 mAh) and Application Areas (Consumer Electronics, ESS/UPS, Automotive Sector, Industrial Sector and Others)” provides a comprehensive analysis on South Korea Lithium Ion Cell and Battery Market. The report covers various aspects including overview and genesis of lithium ion batteries in South Korea, South Korea lithium ion battery market size, South Korea lithium ion battery market segmentation (by Type of Batteries, Power Capacity and Application Areas) and competitive landscape of major players in the South Korean lithium ion call and battery market. The major players covered in South Korea lithium ion cell and battery market are Samsung SDI Company Limited, LG Chem Limited, SK Innovation Company Limited, Kokam Company Limited, Enertech International, Inc. and Routejade. The report also covers trends and developments, issues and challenges, regulatory framework, manufacturing process, SWOT analysis, a snapshot on Global Lithium Ion Cell and Battery Landscape, future outlook and analyst recommendations.
South Korea Lithium Ion Cell and Battery Market Size and Overview
The market for lithium ion cells and batteries in South Korea is at its early growth stage. The market is concentrated with a small number of large companies which have strong domestic as well as global presence. The market grew at a double digit growth rate during CY’2012 – CY’2017 with the surge in the growth in end user application areas such as ESS (Energy Storage System) and EVs (Electric Vehicles) as well as consumer electronics.
South Korea Lithium Ion Cell and Battery Market Segmentation
By Type of Batteries: The lithium ion cell and battery market in South Korea has been segmented by types of batteries into Li-NMC, LFP, LCO and Others. Revenue from Li-NMC has accounted for the highest share in the market because it is considered to be the safest battery and is used in a large number of applications including EVs and consumer electronics.
By Battery Capacity: The market has also been segmented by battery capacity into 0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh and More than 60,000 mAh. Of these, 3,000 – 10,000 mAh accounted for the highest share of the market by revenue due to its common usage in consumer electronics. All companies present in the market manufacture batteries of this capacity.
By Application Areas: In the market segmentation by application areas, Consumer Electronics had the highest revenue share with lithium ion batteries used in almost all portable devices including power banks, mobile phones, smartphones and laptops digital cameras. ESS/UPS category captured the second highest share followed by automotive sector and then industrial sector. Within Consumer Electronics, mobile phones accounted for the highest revenue share followed by laptops and tablets. Utility and Commercial was the leading category by revenue under ESS/UPS due to widespread usage of lithium ion batteries in large utility scale projects. Under Automotive sector, Hybrid Electric Vehicles category accounted for the highest share by revenue. Construction Equipment held the highest share in the Industrial Sector segment because of common usage of lithium ion batteries in housing and commercial construction projects.
Competitive Landscape in South Korea Lithium Ion Cell and Battery Market
The South Korean lithium ion battery market is concentrated with a few large players competing in the market. Two of these major players accounted for majority of the revenue share in the lithium ion battery market in South Korea in CY’2017. Companies compete on the basis of configuration of batteries, durability, quality, recharge cycle as well as number of applications they can cater to. Firms also invest in promotional strategies such as advertisements to increase consumer awareness of their products.
Future Outlook
The South Korean lithium ion battery market is expected to grow at a positive double digit CAGR during the forecast period. Growth in the market is expected to be driven by developments in end user applications. The consumer electronics segment is expected to contribute through increased number of mobile phone and laptop users. However, the major growth drivers the ESS and EV segment which will positively impact the market through furthered implementation and effect of the government’s Green Energy Policy as well as rising environment awareness of the population as a whole.
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Global Lithium Ion Cell and Battery Landscape
South Korea Lithium Ion Cell and Battery Market Overview
South Korea Lithium Ion Cell and Battery Market Size
South Korea Lithium Ion Cell and Battery Market Segmentation
Manufacturing Process of Lithium Ion Batteries
Trade Scenario in South Korea Lithium Ion Cell and Battery Market
Trends and Developments in South Korea Lithium Ion Cell and Battery Market
Issues and Challenges in South Korea Lithium Ion Cell and Battery Market
Regulatory Framework in South Korea Lithium Ion Cell and Battery Market
SWOT Analysis in South Korea Lithium Ion Cell and Battery Market
Cost Breakdown for Lithium Ion Battery in South Korea with Split by Manufacturing Cost
Decision Making Parameters for Buyer of Lithium Ion Cells and Batteries in South Korea
Competitive Landscape of South Korea Lithium Ion Cell and Battery Market
Company Profiles of Major Players in South Korea Lithium Ion Cell and Battery Market
South Korea Lithium Ion Cell and Battery Market Future Outlook
Brief Description of South Korea’s Green Energy Policy
Analyst Recommendations
For more information on the research report, refer to below link:-
https://www.kenresearch.com/energy-and-utilities/power/south-korea-lithium-ion-cell-battery-market/175019-103.html
Related Reports By Ken Research:-
https://www.kenresearch.com/energy-and-utilities/power/china-lithium-ion-battery-market/174223-103.html
https://www.kenresearch.com/energy-and-utilities/power/india-lithium-ion-cell-battery-market/174404-103.html
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Hong Kong Reinsurance Market Research Report and Market Outlook: Ken Research

Hong Kong Reinsurance Market
In Hong Kong, there is no implied duty to obtain the consent of reinsurers before the cedant settles the claims. Although, most of the contracts are explicit about the claims cooperation and claims control clauses. These clauses state that the insurer needs to notify the reinsurer of a claim under the underlying insurance and cooperate with the reinsurer to settle the claims. Sometimes these clauses also require the insurer to obtain reinsurer’s prior consent before settling the claim. In a reinsurance contract, it is the usual norm to include ‘follow the settlements’ clause which obliges reinsurers to follow any settlement reached by the insurer with the insured. This is legally binding as per the Hong Kong’s Court of Appeal.
According to the study Strategic Market Intelligence: Reinsurance in Hong Kong-2017 gives a comprehensive analysis of the Hong Kong reinsurance market in the review period of 2012-2016 and also on forecast period of 2016-2021. The report offers a detailed analysis of various segments of the Hong Kong reinsurance market and compares it with its counterparts. The report provides analysis on various distribution channels, risk governance and its impact on general insurance in the country. This report will help in making strategic decisions based on forecasted data and helps in identifying competitive dynamics in the general insurance market. The key competitors in the reinsurance market segment of the country are Taiping Reinsurance Company Ltd, Swiss Reinsurance Company Ltd, Peak Reinsurance Company Ltd, and Asia Capital Reinsurance Group Pte. Ltd, Hannover Ruck SE, Munich Reinsurance Company, BC Reinsurance Ltd, SCOR Reinsurance Company (Asia) Ltd, Toa Reinsurance Company, Ltd, and BE Reinsurance Ltd. The products analyzed in the report are Reinsurance, Economy and Demographics, Premium Ceded, Premium Retained, Cession Rates, Distribution channels, Reinsurance brokers, Competitive Landscape, Legislation, Compulsory insurance, Supervision and control, and Non-admitted insurance.
Recently in the news, China has agreed to provide preferential treatment to Hong Kong reinsurers. This comes under the Equivalence Assessment Framework Agreement on the Solvency Regulatory Regime between the Mainland and Hong Kong. As per this deal, if the mainland insurers cede businesses to qualify Hong Kong reinsurers, they will be applied only lower capital charges. This will thus encourage mainlanders to give priority to Hong Kong reinsurers. The new Belt and Road initiative (BRI) will give in more scope for both insurers and reinsurers, due to the different risks faced by businesses on overseas assets under this initiative.
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Dynamic Landscape Of The Latvian Insurance Market Outlook: Ken Research


According to the report analysis, ‘The Insurance Industry in Latvia, Key Trends and Opportunities to 2022’ states that some of the major companies which are recently functioning in this market more actively for attaining the highest share in the country by serving more actively with the develop strategies and policies of insurance to the buyers includes AAS BTA Baltic Insurance Company, Balcia Insurance SE, Insurance Joint Stock Company BALTA, Baltijas Apdrosin?sanas Nams Insurance Joint Stock Company, CBL Life Insurance Joint Stock Company, Insurance Joint Stock Company and several others. In addition, the market key players is forming policies differently which is majorly based on types of insurance as the market of insurance is segment into life insurance, property insurance, motor insurance, liability insurance, marine, aviation and transit insurance, personal accident and health insurance. The growth was established by the implementation of restrict insurance policies, motor insurance business line and predominantly in the group life.  Moreover, it is expected that in the coming years the health insurance market in the Latvia is gaining more attention and forecasted to dominate the highest share more significantly.
The recent scenarios and effective developments in the regulations of the region the insurance industry is signifying an efficient growth in the recent trend more actively. An insurance is like a contract between the insurer and insure which majorly present a policy in which an individual or a body who gather financial safeguard from an insurance enterprise. In Latvia, the insurance enterprise is presenting a competitive landscape as there are numerous distribution channels of supplying insurance items. Moreover, the government of the country is also playing an effective role by generating the policies and strategies which are positively and strictly applicable on the Latvia insurance market which safeguard the customer more actively. With the effective rules and regulations by the government of the region and the working of the key players leads the market growth more actively in the coming years more significantly.
Undoubtedly, in the present era the people is become more preservative related to the property loss or any other thing which results in the Latvian insurance industry. Whereas, much of the insurance sector growth has been attached to industrial improvement and expansion of the infrastructure in the forecasted period and majorly by the government’s looking Latvian strategic plan, which mainly aim to the strengthen and enlarging the country beyond the segment. In addition, it is expected that non-life insurance segment remains the highest sector in Latvian and this sector is modifying by a handful of insurance lines which involves the transport and automotive which are mandatory, and health and fire.
International Association of Insurance Supervisors, European Insurance and Occupational Pensions Authority, and Federation of European Risk Management Associations are the major supervision and control authorities which control the insurance market in Latvia. Therefore, it is expected that in the coming years the market of insurance in Latvia will grow more significantly over the recent few years.
To know more, click on the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/insurance-industry-latvia/156692-93.html
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Growing Demand Of Global Home Healthcare Devices Market Outlook: Ken Research

In the recent trend, the home healthcare devices are very innovated and profitable but the market is having many restraints and challenges. Undoubtedly, the key players of this market is doing effective job for facing the challenges and gathering the opportunities for removing the restraints which hinder the market growth for leading the market growth in the coming years more enormously. Furthermore, growing population and increasing aging populace, growing healthcare expenditure and developments in the technologies are major key drivers which drive the market growth more actively and make the market more profitable for the new investors who are going to support the market financially. While, the government of respective regions are supporting the key players of home healthcare devices which proved to be beneficial for leading the market more actively across the globe in the coming years. Not only has this, the key players of this market are adopting effective strategies and policies for making the home healthcare device more effective and useful for the growing aging population which result the market growth in a more auspicious manner.

According to the report analysis, ‘Global Home Healthcare Device Market 2014-2024: Market Size, Share, Trends, Analysis and Outlook’ states that some of the major key players which are recently functioning in this market more actively for attaining the huge market share across the globe by establishing an online platform for serving across the globe which is very much helpful for dominating the growing demand of potential buyers includes A&D Company, Ltd., Becton, Dickinson and Co., Cardinal Health Inc., DeVilbiss Healthcare LLC, Fresenius Medical Care AG & Company KGaA, Gambro, Hill-Rom Holdings Incorporated, I-FlOW, Johnson & Johnson, Kinetic Concepts, Inc.,Linde Group, Mason Medical Products, NxStage Medical Incorporated, OMRON Corporation, Permobil AB, ResMed Corporation, Smiths Group plc, Teleflex Incorporated, Wallach Surgical Devices Inc., Teleflex Incorporated and several others. Moreover, the healthcare devices market will see a fastest growth over the near future with the supplies earnings USD 40.2 billion in 2019 and USD 60.1 billion by 2024, presenting a huge CAGR than the global overall medical devices industry.
The global home healthcare device markets is segmented by type of Home Therapeutic Device (sub-markets include Home Respiratory Therapy Device, Home Dialysis Machines, Home IV Devices, and Other Home Therapeutic Devices), Home Diagnostics and Monitoring Devices (sub-markets include Home Telemedicine Patient Monitoring Systems and Home Conventional Monitors), and Home Patient Support Devices (sub-markets include Home Mobility Assist Equipment, Home Healthcare Furniture , and Bathroom Safety Equipment ). In addition, the worldwide home healthcare devices market is also split by disease succeeded into home healthcare devices for diabetes, motion impairments, respiratory diseases, sleep disorder, kidney failure, hypertension, and other diseases.

Furthermore, on the basis of region, with the effective applications the market of home healthcare devices is spread across the globe which majorly includes North America, Europe, Asia Pacific region, Latin America and the rest of world. Whereas, it is expected that the developed regions are dominate the huge market share across the globe together but with the significant development in the infrastructure in the underdeveloped region, the developing region will also account handsome amount of share across the globe. Therefore, it is expected that the market of home healthcare market will grow more significantly over the recent decades with the more investment in the research and development programs of these devices.

For more information on the research report, refer to below link:-
https://www.kenresearch.com/healthcare/medical-devices/global-home-healthcare/171677-91.html

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Advanced Technology in Industrial Robots Enhances Seamless Communication among Industrial Robots: Ken Research

Increasing demand for automation and rapid growth in industrialization fostered the use of industrial robots in food and beverages industries. Deployment of industrial robots in food & beverages industries for automating processes has led to increased efficiency, reduced human errors, and enhanced the safety of the workforce. Multiple functions are carried out by robotic arms, which reduce complexity and possibility of errors bolstering robots to deliver high-quality products and services. Therefore, the use of industrial robots helps in increasing the quality of products, enhances the capabilities of manual labor in terms of efficiency, provide better customer services, and efficiently manage processes.
According to the study “Industrial Robots for Food & Beverage Industry: Global Market 2016-2022”, it was estimated that the industrial robotics market in the food and beverage industry will experience a drastic growth over the next few years. Global population demand for clean and contamination-free production areas within food and beverage industries; thereby, driving the manufacturers to deploy industrial robots for better productivity. Japan, the US, South Korea, and Australia deploy industrial robots in huge numbers for their food and beverage companies. The world's first robotic rotary dairy was introduced in the year 2006 and since then, there has been an exponential increase in the adoption of robots in the global food and beverage industries. Palletizing segment in the food and beverage industries deploys industrial robots for automatic palletizing that increases the consistency in the loading and unloading process in the food and beverage industry. Palletizing industrial robots handle any objects such as bags, crates, drums, and cases.
Geographically, global industrial robots market for food and beverage industry is spread across the Americas, Asia-Pacific, EMEA and rest of the world. Industrialization in China, Japan, South Korea, Taiwan, and India accounts for the major contribution within the industrial robots market. The leading players within the global material handling robotics market are ABB, KUKA, Fanuc, Yaskawa, Toshiba Machine, Kawasaki Robotics, Adept Technology, Staubli International AG, Pari Robotics and Yamaha Robotics. Different types of robots are deployed based on the types of foods and beverages manufactured. Articulated robots, Cartesian robots, SCARA robots, cylindrical robots, delta robots, polar robots are the various types of robots deployed to perform multiple tasks. Robots within the food and beverage industry are utilized for palletizing, packaging, repacking, picking, placing, production, food processing. Dispensing and others large-scale processes.
With the advent of technological aspects such as Industrial Internet of Things (IIoT), artificial intelligence, and Big Data within the manufacturing facilities has ensured the establishment of seamless communication channels among various robotic machines deployed within an industry. These technological applications allow food manufacturers to monitor real-time operations, manage volumes or variants of foods manufactured and stored. Deploying industrial robots has encouraged connectivity between machines, industrial workers, and robots. The introduction of automation is essential to reduce labor-intensive production and packaging activities.
Food and beverages manufacturers have opted for advanced packaging operations to ensure seamless productivity, improved quality, and faster supply chains. Asia-Pacific is the largest revenue contributors within the industrial robotics market due to increasing preference of packaged food and the need for automation within food and beverages manufacturing facilities. Shortage of skilled labor due to rapid industrialization in developed and emerging economies in countries such as China, Japan, Germany, Russia, and France has propelled the deployment of numerous robots in various industrial operations. Robots are integrated with advanced technology which is one of the major factors driving the industrial robots market’s growth in recent years and will continue over the next few years.
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The Use of Artificial Intelligence, and Internet of Things to Support the China Connected Vehicle Market Development : Ken Research


According to study, “China Connected Vehicle Market (2018-2023)” some of the major companies that are currently working in the China connected vehicle market are Autoliv, Denso, Robert Bosch GmbH, NXP Semiconductors, ZF Friedrichshafen, Continental AG, WirelessCar.
The connected vehicles are different from the other basic primarily due to their access to the internet, which offer by their communication system. It allows the driver to connect his smartphone to the vehicle, but also the vehicle itself to connect to surrounding cars and infrastructures.
The connected vehicle market is categorized into connected car market, connected truck market, connected bus market and connected train market.Connected car market is segmented into wireless & cellular modules, fleet manager, processors, sensors, original equipment manufacturer (OEM) services and aftermarket services. The applications include of the connected vehicles include demand for the vehicle market which includes infotainment, navigation and telematics.
The market of the connected vehicles is also defined in terms of connectivity embedded, integrated and tethered. The Embedded solutions provides on road experiences for passengers and drivers. The integrated connectivity provides access tonavigation services and remote control services andthe tethered connectivity offers many internet protocol (IP) services. Based on the technology and the service of is segmented into 2G, 3G and 4G/LTE.
The Ministry of Industry and Information Technology (MIIT), the Standardization Administration of China (SAC), the Ministry of Public Security (MPS), China Association of Automobile Manufacturers (CAAM), the Ministry of Transport (MOT) and China Industry Innovation Alliance for the Intelligent and Connected Vehicles (CAICV) are some government agencies which are accountable for connecting some communication equipment in all new vehicles. These agencies offer many certificate management techniques and highly innovative encryption & methods for communication. In addition, some authorized vehicle institutions are Beijing Intelligent Vehicle Industry Innovation Centre, China Automotive Engineering Researching Institute Co., Ltd. (CAERI), Shanghai Manufacturing Industry Innovation Centre and Qiming Information Technology Company Limited, which would assist buses, trucks, roads, trains, cars and other infrastructure for communicating between smart-phones and other devices.
The market of connected vehicle is mainly driven by increasing need for connectivity among the customers. Increasing technological advancements, decreasing traffic congestion, reducing energy consumption, incorporation of internet of things (IoT) based technologies; demand for vehicle-to-vehicle (V2V) connectivity technology, improving safety and demanding for an autonomous driving experience are increasing significantly which led to the growth of the market.
The China has gain leadership in emerging the next-generation cars with autonomous driving and internet connectivity. Moreover country assumes one in every two new cars sold to be equipped with smart and at least partial independent functions in the coming years. The development of artificial intelligence, the industrial internet, 5G, smart manufacturing, use of new energy and intelligent transport and smart city management are set to develop the new range of connected vehicle market over a period of time.
In near future, country will be promoting the Intelligent Connected Vehicle (ICV), which would be able to eliminate the traffic congestion, reduces energy consumption, improve traffic safety and bringing social benefits. It is expected that China will become prominent market due to improved connectivity infrastructure and high growth in the automotive sector.
To know more, click on the link below:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/china-connected-vehicle/172086-100.html
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Europe Public Relation Robots Market Research Reports: Ken Research


Since the advent of Artificial Intelligence in our lives, employability is a factor frequently spoken about. Though there are studies and reports that show how the jobs being created have surpassed the jobs destroyed due to AI, all the discussions around AI and humanoids robots stop here and fail to proceed further. Robots cost less and are getting efficient in performing manual tasks faster than humans. Robots are much preferred since they are more productive and do not seek leave of absence often. In the field of Public Relations, robots cannot completely replace humans but will replace a fourth of the jobs in the next two decades, as per a study conducted by a group of scientists.

The report “Europe Public Relation Robots Market by Product, Application and Region 2014-2025: Growth Opportunity and Business Strategy” gives a comprehensive research of Europe public relation market for the forecast period of 2014-2025. The report contains a profound analysis and assessment generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014-2016, revenue estimates for 2017, and forecasts from 2018 till 2025. The top players in the market are AMS Technologies AG, Anybots Inc., Boston Dynamics, DST Robot Co., Ltd., Dyson Ltd, Hajime Research Institute, Hanson Robotics, Honda Motor Co., Ltd., Google Inc., Kawada Robotics, Meka Robotics, Nanjing Avatarmind Robot Technology Limited Company, Qihan Technology Co., Rethink Robotics, Inc., Robosoft Technologies Private Limited, Samsung Electronics, Softbank Robotics, Savioke, Inc., Toyota Motor Corporation and WowWee Group Limited.

Among the global players, Europe heads the race in producing service robots. They have successfully topped due to the innovation programmes encouraged by the European Union in this sector.  A part of European Union’s funds are channelized to support research, innovation and service robot awareness – raising campaigns which are conducted by the European Robotics League. Due to these initiatives, researchers, academicians and students are highly motivated to make use of these technologies to compete with each other.

The market for PR is still in its infancy and the proportion of total robots use for services as opposed to industrial is minimal but has immense scope in the next few decades. Especially in writing, the ability to craft copy to create impact is necessary at a time in future when time cannot be invested on content. Scientists have developed algorithms that help in understanding reader’s dynamics to make content a commercial success.

For more information on the research report, refer to below link:-
https://www.kenresearch.com/technology-and-telecom/it-and-ites/europe-public-relation/171699-105.html

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Increasing Technological Advancements to Drive the Connected Vehicle Market in the United States: Ken Research

Connected vehicle is a vehicle, which uses various communication technologies to communicating with each other and the world around them. It improves commute times and vehicle efficiency. Navigation system includes this vehicle functionality for dynamic route guidance. It includes various types of communications such as vehicle to vehicle (V2V), vehicle to infrastructure (V2I), vehicle to pedestrian (V2P), vehicle to cloud (V2C) and vehicle to everything (V2X). It has many advantages over new technologies such as cameras, radar, lidar and other sensors. Connected vehicles technologies have a high range of on-board vehicle equipments that provides many alerts of dangerous situations and prevent accidents.

According to study, “United States Connected Vehicle Market (2018-2023)” some of the major companies that are currently working in the United States connected vehicle market are Denso, TomTom, NXP Semiconductors, Autoliv, WirelessCar, ZF Friedrichshafen, Aptiv PLC, Robert Bosch GmbH, Airbiquity, Continental AG.

The connected vehicle market is categorized into connected car market, connected truck market, connected bus market and connected train market. Connected car market is segmented into wireless & cellular modules, fleet manager, processors, sensors, original equipment manufacturer (OEM) services and aftermarket services. On the basis of technology, the market is segmented into 2G, 3G and 4G/LTE. On the basis of application, the market is segmented into infotainment, navigation and telematics. On the basis of services, the market is segmented into safety & security, connected services and autonomous driving services. In addition, on the basis of connectivity, the market is segmented into embedded, integrated and tethered.

The market of connected vehicle is mainly driven by increasing need for connectivity among the customers. Increasing technological advancements, decreasing traffic congestion, reducing energy consumption, incorporation of internet of things (IoT) based technologies; demand for vehicle-to-vehicle (V2V) connectivity technology, improving safety and demanding for an autonomous driving experience are increasing significantly which led to the growth of the market.

The United States Department of Transportation (USDOT) and the National Highway Transportation Safety Administration are some government regulation programs, which are accountable for connecting some communication equipment in all new vehicles. USDOT offers many technologies such as Dedicated Short Range Communication (DSRC), which is wireless technology. DSRC has more privacy and security protections, which has a range of 1000 feet. In addition, the USDOT has adopted Security by Design, which develops system architecture for connected vehicles. This architecture provides more information about security concerns such as work zones, traffic signals and other parts of the connected vehicle ecosystem. Moreover the regulatory program developed Security Credential Management System (SCMS) provides secure and trusted V2I and V2V communications. The SCMS offers many certificate management techniques and highly innovative encryption & methods for communication.

Nowadays, the USDOT is working with device manufacturers (vehicle manufacturer), the state and the local transportation agencies to evaluate and technology testing as it would assist buses, trucks, roads, trains, cars and other infrastructure for communicating between smart-phones and other devices.

In 2017, 4G/LTE category was the leading category in technology segment, with more than 40 % contribution. In 2018, U.S. is the largest region with US $ 6,370 million revenue. Additionally, the connected car penetration rate is 31 %. It is expected that the United States connected vehicle market will be register a double digit growth over the forecast period. It is estimated that connected car market will be reached at US $37,350.1 million by 2023.

For more information, click on the link below:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/united-states-connected/172083-100.html

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Increase in Population Coupled with Rise in Use of Automation Techniques to Drive the Block-chain Technology Market in India: Ken Research

Blockchain Technology Market in India
A blockchain is distributed technology. It stores data or information across multiple systems to enable peer to peer transactions. It uses digital modes for payment in definite places such as restaurants, vending machines, and grocery stores.
Some elements of blockchain are nodes, ledge or block and miners etc. The essential features of blockchain technology include bundling services, verifying authenticity of documents or data, unbundling services, new legal frameworks, time stamping, sharing a distributed ledger, implementing digital signatures, new flows of value, reconciling accounts, rethinking intermediaries, decentralized governance, sharing a distributed ledger and creating or issuing digital assets etc.
According to study, “India Blockchain Technology Market (2018-2023)” some of the major companies that are currently working in the India blockchain technology market are Microsoft Corporation, Tata Communication Services, Deloitte, Wipro, 10Clouds, S-PRO, Sate Development, Consagous Technologies, Sofocle Technologies, Zebi Data India Pvt. Ltd., Krypc Technologies Pvt. Ltd., Ernst And Young India Private Limited, IBM India Pvt. Ltd., Prime chain Technologies Pvt. Ltd.
The major of the blockchain industry include disintermediation, transparency & immutability, process integrity, high-quality data, ecosystem simplification, empowered users, faster transactions, lower transaction costs, and durability & reliability etc. Apart from the major advantages are a nascent technology, large energy consumption, redundancy, uncertain regulatory status, cultural adoption, integration concerns, and control & security.
On the basis of implementation type, the blockchain technology market is segmented into development platforms, services & solution and industry-specific. On the basis of technology type, the market is segmented into the open blockchain, closed blockchain, consortium blockchain, and hybrid blockchain. On the basis of application, the market is segmented into financial and non-financial. In addition, on the basis of end users, the market is segmented into government & public, healthcare & pharmaceuticals, BFSI, transportation & logistics, and real estate.
In recent days, Andhra Pradesh has become the first state to adopt blockchain in India. This state has two main projects streamlining vehicle registrations and managing land records. The government of the state acted as a team with different blockchain start-ups such as snapper technologies. Moreover, Maharashtra, Karnataka, Telangana, and Kerala recently support blockchain and pilot projects to convey more precision to governance. This will cover the way for an India-wide rollout and convey blockchain into the conventional.
The market of blockchain technology is mainly driven by increasing adoption rate across financial institutes. Increasing urbanization, a huge population of young people, growing funds by the companies, increasing technological advancements, rising demands for the efficient transaction, mounting investments in the financial sector and government regulations are increasing appreciably which led to the growth of the market. Apart from advantages, most popular restraints factor is lack of awareness level regarding the benefits of the technology.
It is estimated that the blockchain technology market will be grown increasingly due to rising adoption among the Indian banks. All public and private companies are searching for this technology to ensuring transparency and improving efficiency. Blockchain technology in India becomes an important part of Indian businesses. It is predicted that its maximum impact area is fund transfer, digital identity, payment, and post-trade settlements. In the forecast period, the Andhra Pradesh government is planning to integrate its e-program with this technology. With all the effective strategies and development in the technology, this market is expected to grow in the coming years during the forecast period.
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