Automation

  A recent study conducted by the strategic consulting and market research firm   BlueWeave Consulting   revealed that the   global high-speed Camera market   was worth USD 450.2 million in the year 2020. The market is estimated to grow at a CAGR of 10.2%, earning revenue of around USD 876.6 million by the end of 2027. The growing application of high-speed cameras in various sectors such as aerospace, media & entertainment, sports, manufacturing, etc., is expected to drive the growth of the global high-speed camera market. However, high set-up costs in industrial usage may act as a barrier to the growth of the global high-speed camera market. Emerging Applications of High-Speed Cameras Favoring the Market Growth From a few thousand frames per second to millions of frames per second today, high-speed imaging has advanced vastly. Films have been displaced by digital sensors, processors, and storage media.  With technological advancements, high-speed imagi...

  A recent study conducted by the strategic consulting and market research firm   BlueWeave Consulting   revealed that the Vietnam two wheeler tire market witnessed sales of 40.4 million units in the year 2021 and this sales figures is forecast to cross 66 million units by the end of 2028. The growth of the   Vietnam two wheeler tire market   can be attributed to the increasing penetration of tire OEMs in the country, establishing their production lines to meet the domestic demand in Vietnam. Furthermore, emerging local two wheeler tire producers and increasing demand for tires for replacement purposes are anticipated to provide lucrative growth opportunities to the Vietnam two wheeler tire market in the forecast period. However, the high import tax on tires and monopoly of multinational brands may act as a huge restraining factor for the market. Growing Rent and Cab Services is Driving the Vietnam Two Wheeler Tire Market Cab services are gaining huge popularity...

  A recent study conducted by strategic consulting and market research firm   BlueWeave Consulting   revealed that the global electric scooter market is estimated to grow at a CAGR of 23% during 2022-2028. Anticipated growth in the market can be attributed to the increasing focus on carbon emissions and sustainability, which is prompting citizens to shift towards electric mobility. Additionally, favorable government initiatives and private-public investments in the establishment of new charging points at frequent locations are anticipated to present lucrative growth opportunities to the   electric scooter market   in the forecast period. Launch of New and Innovative Products Driving the Electric Scooter Market With the increasing demand for electric scooters and rising competitiveness among market players, the companies are constantly launching new products to attract buyers. They are also significantly investing in R&D activities to innovate electric scoote...

  A study, recently conducted by the strategic consulting and market research firm,  BlueWeave Consulting  revealed that the global autonomous vehicle is projected to reach USD 52.4 billion by 2027, growing at a CAGR of 14.5% during 2021-2027 (forecast period). The growth of the  global autonomous vehicle market  is driven by several factors. The elimination of accidents (due to manual errors) and the reduction of carbon dioxide emissions from autonomous vehicles are the primary factors contributing to the growth of the market. Furthermore, the lower gas and battery usage by an autonomous vehicle, as well as the high penetration of the automotive industry contribute to the overall growth of the market. However, the low customer acceptance rate and the growing threat of hackers in the driving operation have stifled the market growth. Additionally, high initial costs, combined with an increased risk of failure could limit the industry's growth to some degree. Bene...

  A recent study conducted by the strategic consulting and market research firm  BlueWeave Consulting  revealed that the  global golf cart market  was worth USD 2 billion in 2021. The data yielded by the study projects the annual revenues of the market to reach USD 2.9 billion by the end of 2028. The growth of the market is attributed to the increasing number of golf courses in countries to promote this sport as a recreational activity. Furthermore, golf courses are attracting both private and public investment, which is directly influencing its popularity, and driving the overall market growth. Furthermore, expanding the application of golf carts in commercial facilities, such as at airports or hotels, as effective transportation for short-distance travel, is also emerging as a major factor driving the market growth.    Yet, the financial crisis facing the market participants is one of the major hindrances for its growth. Rising Demand for Electric Go...