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Wearable Technology Market – Penetration of Smartphones to Propel the Global Wearable Technology Market

The global wearable technology market is anticipated to grow significantly in coming years. The report goes for evaluating the market size and future development capability of the wearable innovation market in light of types, items, application, and area. The report breaks down the market structure by distinguishing different sub-segments of the wearable technology market. The two primary motivations behind wearable technology are to keep a check on different substantial markers and to engage the client associated with the computerized world by synchronizing to parent electronic gadgets, for example, cell phones. Adidas, Abbott, Sony, Google, Zephyr, Medtronic, Nike, Eurotech, Suunto, and Garmin International Inc. are some of the leading players in the market.

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Some wearable gadgets can likewise process information picked up from the markers they screen and take activities, for example, medicate delivery in response. The global market for wearable technology is anticipated to be on the peak attributable to developing interest from more youthful socioeconomics and the high registering power wearable gadgets give in a generally little and minimal size. According to Transparency Market Research (TMR), the worldwide wearable technology market, was worth US$750 million of every 2012. It is relied upon to make additionally contribution in the coming times, at a robust CAGR of 40.8% within the forecast period between 2012 and 2018. The 2018 estimation of the worldwide wearable technology market is relied upon to be worth US$5.8 bn, a hop of near 800% in its 2012 share.

Developing awareness among the worldwide people with respect to their prosperity, the real driving element of the worldwide wearable technology market, is projected in the chain of importance of the market, as the medicinal and healthcare end-use segment took up an overwhelming 35.1% share in year 2012. Healthcare and fitness took after the healthcare industry part as the biggest end client of wearable electronic gadgets. Persistent glucose monitors are also a huge portion in the medicinal and social insurance industry attributable to the developing pervasiveness of diabetes in the rising economies of Latin America and Asia Pacific. Insulin delivery gadgets additionally assume a noteworthy part in the ruling of the healthcare and medical segment in the worldwide wearable technology market.

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The adoption of wearable technology is ceaselessly expanding in the U.S. with the expanding interest for wristwear/fitness wear, and wellbeing and health observing applications among others. The U.S. offers a perfect domain for development, which has encouraged gigantic progressions in the wearable technology. The presence of several main players in the American locale and the developing interest for customer gadgets, for example, wearable gadgets and gaming comforts are additionally boosting the reception of wearable technology in various end-client enterprises (which incorporates excitement and social insurance). What’s more, the developing enthusiasm for ventures and advancements in applications, for example, medicinal services, article of clothing and mold is driving the development of the wearable technology market in the America.

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Computer Aided Detection Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025

Transparency Market Research (TMR) states that EDDA Technology, Inc., Agfa-Gevaert N.V., Hologic, Inc., Fujifilm Medical Systems, Inc., and iCAD, Inc. are some of the leading players in the global computer aided detection (CAD) market. The competitive landscape is quite fragmented, reports TMR. The competition is expected to intensify in the coming years as several new players and startups are entering the market with technological upgrades. Mergers and acquisitions and technological innovation are expected to give the international players an edge over others in the near future.

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According to the report, the global computer aided detection market is projected to reach US$1115.3 mn by the end of 2025. The global market is expected to surge at CAGR of 9.8% from 2017 to 2025. The report points out that the computer aided detection technology will be predominantly used for detection and diagnosis of breast cancer in the healthcare sector. Owing to this reason, the breast cancer segment held a share of 70% in the global market in 2016 and is expected to continue on similar lines. Geographically, North America is leading the global with a share of 62%. High incidence of cancer in the region and better healthcare facilities are driving this regional segment.

The dramatic change in the levels of pollution and changes in lifestyle have, over time, led to a rise in the number of cancer cases. The high incidence of various types of cancer such as prostrate, breast, lunch, colorectal, and others has triggered a need for technologically advanced computer aided detection solutions. These are sophisticated imaging technologies have played a critical role in enabling accurate magnetic resonance imaging, mammography, ultrasound imaging, and nuclear imaging among others. This has increased the demand for CAD in multispecialty hospitals, ensuring growth of this market in coming years. The market is also being driven by exceptional advancements in digital imaging, development of efficient CAD solutions, quick integration of CAD solutions in a wide range of imaging equipment, and growing awareness among the patients about early detection of cancer.

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Medical researchers and practitioners have only been recently using medical imaging devices that are integrated with computer aided detection. The need for computational assistance came from the increasing demand for error-free detection. With technological advancement, CAD has enabled an accurate assessment of the condition that patient maybe suffering from. CAD has achieved this by increasing the sensitivity of diagnostic imaging obtained from radiological imaging devices in the practice of medical investigation and differential diagnostics. Statistics released by WHO state, there is a likelihood of a 30% rise in the number of cancer cases by 2038. The organization further reveals that one third out of these will meet a fatal end due to behavioral and dietary risks. Poor body mass index, low fruit and vegetable intake, tobacco use, alcohol use, and lack of physical activity have been identified as the key causes of cancer cases and morbidity.

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Computer Aided Detection Market: Rise in Incidence of Cancer Drives Demand for CAD

Transparency Market Research (TMR) states that EDDA Technology, Inc., Agfa-Gevaert N.V., Hologic, Inc., Fujifilm Medical Systems, Inc., and iCAD, Inc. are some of the leading players in the global computer aided detection (CAD) market. The competitive landscape is quite fragmented, reports TMR. The competition is expected to intensify in the coming years as several new players and startups are entering the market with technological upgrades. Mergers and acquisitions and technological innovation are expected to give the international players an edge over others in the near future.

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According to the report, the global computer aided detection market is projected to reach US$1115.3 mn by the end of 2025. The global market is expected to surge at CAGR of 9.8% from 2017 to 2025. The report points out that the computer aided detection technology will be predominantly used for detection and diagnosis of breast cancer in the healthcare sector. Owing to this reason, the breast cancer segment held a share of 70% in the global market in 2016 and is expected to continue on similar lines. Geographically, North America is leading the global with a share of 62%. High incidence of cancer in the region and better healthcare facilities are driving this regional segment.

The dramatic change in the levels of pollution and changes in lifestyle have, over time, led to a rise in the number of cancer cases. The high incidence of various types of cancer such as prostrate, breast, lunch, colorectal, and others has triggered a need for technologically advanced computer aided detection solutions. These are sophisticated imaging technologies have played a critical role in enabling accurate magnetic resonance imaging, mammography, ultrasound imaging, and nuclear imaging among others. This has increased the demand for CAD in multispecialty hospitals, ensuring growth of this market in coming years. The market is also being driven by exceptional advancements in digital imaging, development of efficient CAD solutions, quick integration of CAD solutions in a wide range of imaging equipment, and growing awareness among the patients about early detection of cancer.

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Medical researchers and practitioners have only been recently using medical imaging devices that are integrated with computer aided detection. The need for computational assistance came from the increasing demand for error-free detection. With technological advancement, CAD has enabled an accurate assessment of the condition that patient maybe suffering from. CAD has achieved this by increasing the sensitivity of diagnostic imaging obtained from radiological imaging devices in the practice of medical investigation and differential diagnostics.

Statistics released by WHO state, there is a likelihood of a 30% rise in the number of cancer cases by 2038. The organization further reveals that one third out of these will meet a fatal end due to behavioral and dietary risks. Poor body mass index, low fruit and vegetable intake, tobacco use, alcohol use, and lack of physical activity have been identified as the key causes of cancer cases and morbidity.

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Chip Resistor Market: Rising Digitization in Industries and Growing Application of Electronics in Automobiles to Drive Market

According to a new market research report published by Transparency Market Research , titled ‘Chip Resistor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global chip resistor market was valued at US$ 1,555.3 Mn in 2018 and is expected to expand at a CAGR of 6.14% from 2019 to 2027, to reach value of US$ 2,647.8 Mn by the end of the forecast period.

Rising digitization in industries across the globe to fuel the market

Technological advancements in sensors, robotics, data capture, connectivity, and computing power are enabling organizations to make improvements in materials to enhance the efficiency of their production, service and supply chain organizations. Furthermore, advancements in telecommunication, robotics, and software are also accelerating the level of automation in industries. These advanced systems employ chip resistors, as they are increasingly being used for efficient operation of devices for limiting the current and for measuring purposes. Thus, the rising level of digitization in industries is expected to propel the global chip resistor market during the forecast period.

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Rising application of electronics in automobiles to drive the global chip resistor market

Electronics is increasingly being applied in automobiles so as to offer the driver an enhanced experience and make automobiles safer and more intelligent. Application of electronics in automobiles is increasing with advancements in technologies in automotive electric and electronic systems. This would improve the overall system efficiency with high operating temperature, increased flexibility and reliability, and reduced overall size of the circuitry.

Advanced technologies in automobiles include advanced driver assistance systems (ADASs), electric powertrain, advanced motor control systems, engine/energy management systems, smart braking systems, electric power steering, and enhanced infotainment systems. Anti-sulfur thick films, precision thin films, current-sensing chip resistors, and chip resistor arrays are employed to limit the supply of electric current in the circuitry so as to achieve efficient operation of systems. Thus, growing application of electronics in automobiles and growth of the automobile industry across the globe are anticipated to have a positive impact on the global chip resistor

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Geofencing Market: Flourishing Transportation and Logistics Industry Worldwide Stokes Demand in Market

According to experts from TMR, the global geofencing market is expected to gain revenue worth US$2 bn by the end of 2022. Experts project this growth to occur at a meteoric CAGR of 30% during the forecast period from 2017 to 2022.

Transparency Market Research (TMR) notes that the global geofencing market is categorized by the presence of several large and small players operating in it. Thus, the competitive landscape of the market has underwent successive fragmentation. The rivalry between the potential players is likely to increase as they are creating cutting-edge solutions for addressing different needs of end-users.

Many large-scale vendors are adopting aggressive marketing strategies for strengthening their position in the global geofencing market. A key strategy adopted by players in the global geofencing market to outshine their rivals involves constant product development facilitated through technological advancements. The competition among players is further getting intensified due to the entry of several new players who are concentrating on adding new features such as geoconquesting. This is a marketing and advertisement tactic in which users are poached from rivals by sending them real-time messages on their locations. Some active tech companies operating in the global geofencing market are Thumbvista, Swirl Networks, Mobinius Technologies, Apple Inc., Mapcite, and Bluedot Innovation.

Among the various deployed networks in the market, cellular network segment accounts for a major share and is also expected to boost the global geofencing market during the forecast period.  This is because of their potentiality at facilitating various geofencing operations and rising demand for better network other than low power technology networks. Region-wise, North America is expected to account for a leading share in the global geofencing market in the coming years. This is attributed to the presence of several end-users in the region and swift development of numerous effective marketing tactics by concerned stakeholders.

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Flourishing Transportation and Logistics Industry Worldwide Stokes Demand in Market 

Through rapid employment of RFID technology and use of robust GPS network, a new technology has also emerged to create virtual geographic boundaries – geofencing. Geofencing software helps in activating a response when a GPS enabled technological device such as smartphone enters or leaves a particular area through its user. This technology comes as a solution for locating various geographical data precisely. Such USPs are majorly driving the global geofencing market. Increasing applications in certain sectors such as telematics, and child location services and rising demand for location-based services are also fueling demand in the global geofencing market.

Furthermore, growing mobility trend among enterprises operating in a wide array of industries is facilitating adoption of geofencing technology. Such factors are boosting the global geofencing market. Apart from this, growing adoption of such technologies in the transport and logistics sector, and rising demand for proximity-based marketing from retail industry are also propelling the global geofencing market.

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Tax Software Market to expand at a CAGR of 10.5% by 2026

According to a new market report published by Transparency Market Research , the global tax software market is expected to reach a value of US$ 19,513.2 Mn by 2026 on account of growing adoption of tax software and e-accounting solutions across various industries. The market is projected to expand at a CAGR of 10.5% during the forecast period from 2018 to 2026.The market in Asia Pacific is anticipated to experience healthy growth which is expected to be followed by Middle East & Africa during the forecast period.The tax software services segment is expected to see flourishing growth, owing to rising demand of tax software in various industries such as banking, retail, information technology, etc.

Rapid developments in technologies for tax management have made it possible for a range of industries to increase their number of consumers across the world. There has been a significant need for technological solutions in the taxation industry due to advance features that help in enhancing financial management of various organizations. This is likely to create strong demand for tax software in the near future. Similarly, vendors across countries such as China, India, the U.S., U.K, Germany, Finland, Singapore, and Denmark are focusing on enhancing tax management solutions aspect of the taxation industry. Public agencies as well as private companies are emphasizing on providing tax software mainly due to the benefits offered by electronic accounting, as these solutions are highly effective in improving the performance and infrastructure of organizations across regions.

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The tax software market is segmented based on component, tax type, software deployment type, end-user, industry, and geography. According to the research study, the cloud segment is anticipated to experience flourishing growth during the forecast period. This is mainly due to multiple cloud applications and adoption of cloud computing in BFSI, government, retail, IT and telecom etc. In addition to this, various end-users across regions prefer cloud based software to be the reliable solution with respect to its cost, security, and accessibility.

By 2026, commercial enterprises software is projected to cover more than 60% of the global market. Apart from this, banking, financial services and insurance (BFSI) also plays a vital role in supplementing the growth of the tax software market. Vendors are offering tax software due to the rise in need for tax management systems and a move by the governments across regions toward digitalization in the taxation industry. Furthermore, the income tax segment is likely to hold a significant share of the tax software market. In terms of new opportunities, the market in Asia Pacific is expected to witness healthy growth during the forecast period. Increasing awareness of tax software as well as adoption of advance and technological solutions in the taxation industry across countries such as Singapore, India, South Korea, Taiwan, China, Malaysia, and Thailand is expected to offer prominent opportunities to the tax software market.

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Construction Toys Market: Rising at a CAGR of 6.7% from 2017 to 2022

Strikingly, construction toys have stood the test of the time in the toy market, with their sustained demand world over primarily attributed to several cognitive and development benefits among kids. Kids playing with construction toys kids of both gender are considered to derive a number of intellectual and social benefits. Parents of preschoolers associate a variety of benefits of construction set, notable of which are improving thinking and divergent problem-solving skills, fostering spatial skills, and boosting social development. In addition, a number of research suggest that construction toys are instrumental in making kids more social-savvy and value collaboration as a part of their growth, thereby catalyzing the growth of the market.

The global construction toys market is estimated to rise from a valuation of US$6,694.7 Mn in 2017 to reach a worth of US$ 9,089.7 by 2022 end. The market is anticipated to expand at a CAGR of 6.3% during the forecast period of 2017–2022.

An in-depth insight into some of the notable factors and trends influencing the growth of the market is offered here:

The rising demand for construction toys among the parents of toddlers and children is driven by the recognition of a number of intellectual benefits these have on their learning, such as stimulating creativity and enhancing problem-solving skills. The favorable effect spatial skills promoted by the use of construction toys have led many parents to demand these for their kids. The growing adoption of construction toys is also driven by their capabilities to promote divergent thinking as opposed to convergent thinking. The demand of construction toys among teens and adolescence is attributed to their use as memorabilia and is a notable factor boosting the market. In some developing and developed countries, there is an emerging demand for transformers toys, which is expected to accentuate the construction toys market. In addition, the wide demand for traditional blocks and plates in various shapes and sizes is boosting the market.

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The rising popularity of innovative construction toys across developed nations is a key factor boosting the market. The inclination toward toys based on digital technologies and the onslaught of video games few notable trends expected to adversely affect the market to an extent. Nevertheless, the wide preference of playing with toys made with physical objects is a prominent factor bolstering the demand for construction toys.

The advent of innovative product lines for children as well as adolescents by leading toy companies is a significant trend expected to open up lucrative avenues in the construction toys market in various regions. Geographically, Asia Pacific excluding Japan (APEJ) is anticipated to be the most attractive regional market for construction toys. Currently, the regional market holds the dominant revenue share and is expected to retain its dominance throughout the forecast period. The regional market is projected to be worth US$4,109.2 Mn by the end of 2022. A number of interactive and exciting products by prominent toy makers in several countries is likely to keep the regional market thriving over the forecast period.

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Field Hockey Equipment Market: Rising Awareness of Cardiovascular Benefits Drives Interest in Field Hockey

The field hockey equipment market is likely to exhibit rapid growth in the coming years thanks to the rising popularity of field hockey and the increasing number of urban users taking an interest in the sport. The increasing televised coverage of field hockey tournaments and the consequent rise in the demand to formalize field hockey leagues in several developing countries has led to significant demand from the global field hockey equipment market. The field hockey equipment is also likely to benefit from the rising adoption of online shopping channels by urban consumers, as it has made it increasingly easy for consumers to purchase field hockey equipment.

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While field hockey is still less popular than sports such as football, the growing commercial scope of the sport is likely to lead to strong growth of the field hockey equipment market in the coming years. The rising awareness about the benefits of cardiovascular exercise is also likely to drive interest in field hockey, thus driving the global field hockey equipment market.

According to Transparency Market Research, the global field hockey equipment market had a valuation of more than US$1.6 bn in 2017. Driven by the rising institutional adoption of field hockey, the global field hockey equipment market is likely to exhibit steady growth over the 2017-2022 forecast period and is expected to reach a valuation of close to US$1.8 bn.

Field hockey shoes are likely to remain the leading revenue generator for the global field hockey equipment market in the coming years. Shoes accounted for 47.9% of the global field hockey equipment market in 2017, the segment being valued at US$772.6 mn. The shoes segment is likely to exhibit a strong 2.3% CAGR over the forecast period, rising to a valuation of US$866.5 mn. The segment’s share in the global field hockey equipment market is expected to rise to 48.1% over the forecast period, driven by the consistent product development in the footwear sector and the increasing commercial scope of sports footwear.

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The dominance of countries such as Germany, the Netherlands, and Australia on the international level has helped the field hockey equipment market in the respective regions. The Asia Pacific except Japan (APEJ) market for field hockey equipment is thus also likely to exhibit steady growth in the coming years due to rising demand from Australia as well as the increasing interest in hockey in the Indian subcontinent. The APEJ field hockey equipment market is expected to rise to a valuation of US$520.7 mn over the 2017-2022 forecast period at a solid 2.2% CAGR. Japan is also likely to emerge as a key market for field hockey equipment in the coming years, with the market expected to be valued at US$66.1 mn by 2022.

Growing awareness among the population about the cardiovascular benefits of field hockey is likely to remain a key driver for the field hockey equipment market. Field hockey is an extremely physically demanding sport and provides comprehensive physical benefits. As a result, individual as well as institutional preference for field hockey is increasing, leading to growing demand from the global field hockey equipment market. The rising availability of field hockey equipment on online shopping portals is also likely to remain a key aid for the global field hockey equipment market over the coming years due to growing preference for the convenience of online shopping shown by urban users.

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Application-to-Person (A2P) SMS and API Market to Reach US$ 93,178.2 Mn by 2026 | CAGR of 4.6%

According to a new market report published by Transparency Market Research, the global application-to-person (A2P) SMS and API market is projected to reach US$ 93,178.2 Mn by 2026. The market is expected to expand at a CAGR of 4.6% during the forecast period from 2018 to 2026. Furthermore, rise of Two-Factor Authentication (2FA) and surging mobile marketing across various industry verticals including BFSI and retail verticals are contributing majorly to the growth of the application-to-person (A2P) SMS and API market. Asia Pacific is anticipated to lead the global application-to-person (A2P) SMS and API market during the forecast period, followed by North America, Europe, Middle East & Africa, and South America. Factors such as increasing smartphone penetration, growing e-commerce industry, and transactions through internet based mobile applications are reasons for this fast growth. Within Asia Pacific, cloud API technology segment is projected to expand at the fastest rate compared to its traditional counterpart, expanding at a CAGR of 7.1%. 

Growth in mobile marketing activities by marketers and application developers

Application developers, marketers, and brands together utilize SMS service to strengthen their customer base, by updating their users with breaking news, campaign perks, location-based opportunities, and other important information. Marketers and brands prefer text messaging over other marketing initiatives, as it allows them to reconnect with customers, who have deleted their apps or have not used their apps recently.

With the growing trend of SMS marketing in banking, financing, gambling/ betting, hospitality, leisure, and advertising industries, the impact of mobile marketing activities on the A2P SMS market is currently high. Brands are likely to increase their promotional activities, due to which the impact of mobile marketing activities is expected to be high in the short and medium term of the forecast period. However, with digitalization and growing internet penetration, brand promoters are likely to shift from SMS marketing to email marketing in the long run.

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Global Application-to-Person (A2P) SMS and API Market: Scope of the Report

The global application-to-person (A2P) SMS and API market has been segmented based on technology, end-user, applications, and geography. Based on technology, the market is segmented into cloud API and traditional API.

Asia Pacific led the global application-to-person (A2P) SMS and API market, accounting for substantial share in 2017. China is the major market for application-to-person (A2P) SMS and API in the region. Application-to-person (A2P) SMS and API is also gaining popularity in other Asian countries such as Indonesia and South Korea. The market in North America, Europe, Middle East & Africa, and South America is expected to expand at a rapid pace during the forecast period.

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Monorail System Market Estimated to Exceed US$ 195 Bn, Globally, by 2026

Trains are cost-effective and considerably less polluting mode of transportation and hence, governing bodies are preferring to expand train connectivity in order to enhance train transportation. Internal combustion engine vehicles are a major source of pollution. Therefore, governing bodies are focused on increasing the adoption of other modes of transportation that are less polluting, such as trains. Monorails are a significantly less polluting and faster mode of transportation. Monorails require significantly lesser space than that of conventional trains, and hence, these are more suitable for urban areas where lack of space is a concern. Rapid urbanization occurring due to enhanced job opportunities, increase in number of on-road vehicles due to rise in per capita income, and enlarging urban areas are fueling the demand for faster, safer, and economical modes of transportation, which in turn is fueling the demand for monorail systems. Moreover, the construction of monorail systems is much easier and requires significantly lower expenditure. Consequently, governing bodies, especially across developing nations, are preferring to incorporate the monorail system in densely populated urban areas.

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In terms of type, the monorails systems market has been bifurcated into straddle monorail and suspended monorail. Suspended monorails were popular Germany and were installed in zoos, theme parks, and exhibitions. Suspended monorails are suitable for light applications, as their passenger carrying capacity is much lower than that of straddle type monorails. The cost of construction of suspended type monorail is higher than that of straddle type monorail system. Therefore, straddle type monorail systems are preferred for mass and high frequency transportation, such as urban transportation. Major number of proposed and under-construction monorail system projects are incorporating the straddle type monorail system. Consequently, the straddle monorail segment is likely to expand at a CAGR of about 23% during the forecast period.

Maglev trains are capable of achieving cruising speed of more than 500 Km per hour, which makes these trains suitable for long-distance travel. Maglev monorails utilize magnetic levitation to propel the vehicle. These monorails utilize two sets of magnets, one to lift the train and the other to propel the vehicle forward. Maglev trains are considerably fast; however, the cost and time required for construction of maglev monorail system is significantly higher than that of electric monorail system. Electric monorail systems are suitable for transporting passengers for shorter distances. The electric monorail system can have numerous stations across its track, which makes is highly suitable for urban areas. Therefore, the electric monorail system segment dominates the global monorail system market.

Incorporation of automation into trains can save up to 15% of the energy required and can have a significant positive impact on required travel time. Automated trains are proven to have reduced number of crashes and accidents and hence, preference for automated trains has been increasing over the last few years.

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Completely autonomous vehicles, which are considered as GoA3 and GoA4 trains, don’t have a driver and are more expensive than semi-autonomous trains. GoA1 and GoA2 trains are semi-autonomous trains that have automated train operation and automated train protection technology. In GoA2 trains, cruising and train stopping are automated, which enhances train safety and speed. Moreover, semi-autonomous trains are less expensive than completely autonomous vehicles. Therefore, governing bodies are preferring semi-autonomous vehicles. Developing countries and low GDP countries are adopting semi-automated monorail systems, which is primarily attributed to its lower cost. Major number of prosed monorail system projects have incorporated the GoA2 type of monorails, and hence GoA2 and semi-autonomous segments are expected to expand at a significant pace during the forecast period.

Demand for monorail systems is rising in China, India, and ASEAN countries, which is primarily attributed to the rapid urbanization in these countries. Enlarging urban area, increased migration of people from villages to urban areas due to better income opportunities, and increase in number of daily commuters are increasing the burden over mass transit systems in densely populated areas across these nations. India and ASEAN countries have a bunch of proposed monorail system projects, and hence, Asia Pacific region is estimated to hold a major share of the global monorail system market during the forecast period. Several countries across Latin America and Middle East & Africa are primarily focused on enhancing train connectivity across urban areas, which is likely to offer lucrative opportunities to the monorail system market in these regions.