IBM’S RECENT SPIN-OFF — MOVING TOWARD A LEANER ORGANIZATION

Posted by MarketsandMarkets on Oct 30, 2020 7:52:02 PM
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Topics: Cloud & Cognitive Software, Global Business Services (GBS), Digital transformations, Technology and platform innovations, Significant growth opportunities

With the market shrinking, is Competitive Intelligence converging into Market Intelligence?

Posted by MarketsandMarkets on Jul 22, 2020 11:37:58 AM

While it may seem competitive intelligence (CI) and market intelligence (MI) are the same and they serve a similar purpose i.e., aid decision-making, but they are different in practice and make a great equation for the success of any business. In today's rapidly changing market dynamics, no business is unaffected from the developments happening in its connected ecosystems. The business world has turned into a big web with interconnected markets that are impacting each other, and it is likely to get more and more complex in the future. With the increasing complexity and competition among industries, it has become more than necessary to keep a track of not only your competitors but also where the market is headed. So, will it be okay to say that CI and MI are slowly converging? Let’s find out.

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Topics: Competitive Intelligence, Market Intelligence, market shrinking

Challenges in Competitive Intelligence and Best Practices to overcome them

Posted by MarketsandMarkets on Jul 22, 2020 10:58:34 AM

Every task comes with its own set of challenges. Creating a competitive intelligence (CI) plan can be daunting, even for experienced CI professionals. In Crayon’s SCIP report, it was found that 95% of CI professionals struggled with at least one of the following areas –

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Topics: Business Intelligence, Competitive Intelligence, Business Intelligence Market

What does the future of Competitive Intelligence look like?

Posted by MarketsandMarkets on Jul 13, 2020 2:43:36 PM

Competitive intelligence (CI) has a huge contribution to a company’s growth when implemented and executed correctly. The three key areas in which it contributes the most is revenue growth, ability to quickly adapt to market changes, and the ability to holistically impact the company. As per the SCIP survey, the foundation of CI does matter. The companies having defined KPIs for CI were more than two times as likely to see an increase in their revenues as a result of CI efforts as compared to those without defined KPIs. And the companies that saw revenue increase as a result of CI were 63% more likely to increase CI headcount and 66% more likely to increase CI budget.

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Topics: Business Intelligence, Competitive Intelligence, Business Intelligence Market

Digital Sealing – Future of Automotive Paints

Posted by MarketsandMarkets on Oct 14, 2019 6:10:19 PM

In a recent development, Audi, a German luxury automobile manufacturer, tested a new automated method of body sealing known as digital sealing at the Gyor paint shop in Hungary. Post the paint process, a final paint finish is applied using a robot-guided applicator. This robot deposits ultra-fine droplets of paste-like sealing material in areas such as weld seams. The material is of uniform composition and quality. Before the application of this sealing, the machine is preset for optimal thickness and width of material to be applied. Digital sealing not only reduces the overall weight of the paints used but also reduces wastage and time taken during the paint process.

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Topics: Automotive and Transportation, Digital Sealing, Automotive Paints

Volocopter Launches Its First Autonomous Flying Taxi

Posted by MarketsandMarkets on Oct 14, 2019 5:00:25 PM

Air Taxi of the Future

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Topics: Aerospace and Defence, Volocopter, Air Taxi Market, autonomous flying taxi

NGS Data Analysis Made Easy Through Menarini’s Cloud Based ‘Msbiosuite Bioinformatic Platform’

Posted by MarketsandMarkets on Oct 1, 2019 3:03:49 PM

On September 19, Menarini Silicon Biosystems announced the launch of new cloud-based data analysis solution, MSBiosuite. MSBiosuite automated data analysis platform processes NGS data generated from research in liquid biopsy area and formalin-fixed paraffin embedded (FFPE) tissue analysis.

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Topics: healthcare, Liquid Biopsy Market, Menarini Silicon, Next-generation sequencing (NGS)

Pfizer-Mylan Merger: The Making of The Pharma Giant

Posted by MarketsandMarkets on Oct 1, 2019 2:45:04 PM

Pfizer, Inc., is one of the world’s leading biopharmaceutical companies whose portfolio includes medicines, vaccines, and consumer healthcare products. During the last decade, the company has been focused to strengthen their global position in branded prescription drugs through internal restructuring and divestments. Similarly, Mylan NV, is a global giant that has a strong geographic presence across 165 countries and offers generics and specialty products. The company has witnessed reduced revenue in 2018 due to supply constraints in US for EpiPen, intense market competition due to alternatives, and manufacturing bottlenecks.

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Topics: Pharmaceuticals, consumer healthcare products, Pfizer-Mylan Merger

Seattle Port Clean Green Shore Power Energy Plans Underway

Posted by MarketsandMarkets on Oct 1, 2019 12:16:58 PM

The Port of Seattle in Washington, US is working on plans to extend shore power to more piers. It is the first port in North America to provide shore power in its 2 Seattle cruise berths located at Terminal 91. The port has further planned to connect shore power to other major facilities at its waterfront. The facilities located at the waterfront will be provided shore power through underwater cables to all 4 cruise berths.

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Topics: Energy and Power, shore power market, shore power, power connectivity, shore power service

Nichia and Infineon to build High-Definition Micro-LED Matrix solution for Adaptive Driving Beams

Posted by MarketsandMarkets on Sep 23, 2019 5:01:09 PM

On 18th September 2019, Japanese chemical and engineering company, Nichia Corporation, and German semiconductor major, Infineon, announced their collaboration for developing a high-definition (HD) light engine with more than 16,000 micro-LEDs for front light applications. The new device will provide high resolution light to the entire field of view of the driver. The production launch of the new HD light engine, which will be a part of Nichia’s automotive LED and laser portfolio, is planned for 2023.

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Topics: Automotive and Transportation, automotive lighting market, HD light engine, micro-LED technology, Adaptive Driving Beams, Micro-LED Matrix

Keselowski Advanced Manufacturing (Kam) and Elementum 3D Partnership to Lead Into 3D Material Innovation

Posted by MarketsandMarkets on Sep 19, 2019 6:04:37 PM

In August 2019, Keselowski Advanced Manufacturing (KAM)(US), the hybrid manufacturing company signed the partnership with Elementum 3D (US), a developer of additive manufacturing materials. Under the partnership, Elementum 3D will supply KAM with advanced materials such as Aluminum 6061- RAM2 powder.

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Topics: Electronics and Semiconductor Sector, 3d printing market, 3D printing in aerospace, Keselowski Advanced Manufacturing

Daikin (Japan) partnered with Refrigerative Supply Limited (RSL) (Canada), for providing innovative air-conditioning and refrigeration equipment

Posted by MarketsandMarkets on Sep 19, 2019 4:31:17 PM

On July 3, 2019, Daikin (Japan) partnered with Refrigerative Supply Limited (RSL), headquartered in Canada. This partnership is expected to enhance the distribution channel for Daikin in the Western Canada region. RSL will support the sales and distribution channel of Daikin product segment such as residential unitary, ductless, light commercial and Variable Refrigerant Volume (VRV), HVAC products, along with related controls and indoor air quality (IAQ) products for residential and commercial projects throughout the Western Canada region.

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Topics: Electronics and Semiconductor Sector, Daikin product, air conditioning and heating solutions, Variable Refrigerant Volume, indoor air qualit, controls and indoor air quality

Tyson Foods (US) Invested in Plant-based Seafood Producer, New Wave Foods (US)

Posted by MarketsandMarkets on Sep 13, 2019 4:31:43 PM

Introduction

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Topics: Food and Beverage, plant-based seafood, Wave Foods, Tyson Foods, plant-based meat

Digitization of Dash Hardware Controls

Posted by MarketsandMarkets on Sep 11, 2019 2:51:30 PM

Porsche AG-a Germany based automobile manufacturer specialized in high-performance sedans, SUVs and sports cars-recently introduced a button-free dashboard for its maiden electric car, Taycan. The dash, which is largely in sync with the company’s flagship 911 sports car, has been redesigned for the 21st century. The absence of buttons on the dashboard lends a fresh look to the vehicle interior and means that vehicle controls and settings can be accessed digitally. The company’s decision to swap hardware controls with digital ones would enable the automaker to introduce over-the-air updates for adding more functions.

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Topics: Automotive and Transportation, automotive industry, vehicle digitization, in-vehicle infotainment system, Automotive Digital Cockpit Market

Kohlberg Concludes the Acquisition of Bemis Healthcare Packaging - Europe

Posted by MarketsandMarkets on Sep 4, 2019 6:01:55 PM

In August 2019, Kohlberg concluded the acquisition of Bemis Healthcare Packaging - Europe, which is a manufacturer of medical packaging.

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Topics: Medical Packaging Market, healthcare flexible packaging, packaging industry, european market, European healthcare packaging market, flexible packaging

DIC Corporation Acquires the Global Pigments Business of BASF

Posted by MarketsandMarkets on Sep 4, 2019 4:41:10 PM

On 29th August 2019, DIC Corporation signed an agreement for the acquisition of BASF’s pigments business for around USD 1.3 Billion. With this acquisition, DIC Corporation is aiming at expanding its fine chemicals business and fortifying its position among the world’s largest pigments suppliers.

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Topics: Pigment, Pigment Dispersions, Organic Pigment, Inorganic Pigment market, pigment dispersions market

Harley Davidson’s Livewire Marks the Advent of high-Performance E-Motorcycle in India

Posted by MarketsandMarkets on Sep 3, 2019 5:21:38 PM

On 27th August 2019, Harley Davidson made a buzz in the Indian electric two-wheeler market by unveiling “LiveWire”, the company’s first electric motorcycle. The leading American motorcycle manufacturer recently celebrated a decade of operations in the Indian market. The company also launched the limited edition 2020 Street 750 with production restricted to 300 units only.

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Topics: Automotive and Transportation, electric scooter and motorcycle market, electric two-wheelers, electric motorcycle

Toyota to Host the Biggest Demonstration of Electric and Autonomous Driving Vehicles

Posted by MarketsandMarkets on Aug 28, 2019 11:35:32 AM

Toyota has revealed that it plans to deploy a fleet of electric and self-driving vehicles at next year's Tokyo Summer Olympics. This fleet of 3,700 vehicles is expected to feature some degree of electrification and will also include Concept-i-a self-driving pod car that will serve as the operating vehicle for the Olympic torch relay and the lead vehicle for the marathon events.

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Topics: Automotive and Transportation, electric vehicles, Semi-Autonomous and Autonomous Vehicles, Toyota, Volkswagen and Ford, Waymo and Renault-Nissan, Volvo and Uber, Toyota and BYD, Fiat-Chrysler and Hyundai, Honda and General Motors, Apple and Drive.ai

SpaceX Enters SmallSat Launch Market Offering Competitive Prices

Posted by MarketsandMarkets on Aug 27, 2019 10:47:02 AM

In August 2019, SpaceX announced a new, low-cost program, targeted at the launch of small satellites into sun-synchronous orbits. The program will adopt a rideshare approach, creating the opportunity for satellite manufacturers/owners to launch payloads weighing up to 150 kg at USD 2.25 million, and USD 4.5 million for payloads of up to 300 kg. The rocket to be used for these missions will be the Falcon 9. SpaceX plans to undertake these launches at regularly scheduled intervals.

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Topics: Aerospace and Defence, small satellites, space launch services market, SpaceX, small satellite launch market

Mitsubishi Electric Comes Up with New Gas-Insulated Switchgear Technologies for Electric Power Applications

Posted by MarketsandMarkets on Aug 26, 2019 4:46:02 PM

Mitsubishi Electric Corporation, a Japanese multinational electronics and electrical equipment manufacturing company, developed new gas-insulated GIS technologies for electric power applications.

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Topics: GIS market, Electric Power Applications, Gas-Insulated Switchgear Technologies, GIS

Reliance Jio to Enter AR/MR Market

Posted by MarketsandMarkets on Aug 22, 2019 3:52:53 PM

Recently, at its 42nd Annual General Meeting (AGM), Reliance Jio, announced the launch of HoloBoard, a mixed reality headset blended with augmented reality. The company also released a 4K-supported Jio set-top box that will offer an immersive experience in education, shopping, entertainment, and gaming.

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Topics: mixed reality, Electronics and Semiconductor Sector, AR and VR Market, augmented reality, AR, VR, and MR technology

Elmhurst 1925, One of the Oldest Milk Suppliers, Introduced Plant-based Milk Products Infused with HEMP

Posted by MarketsandMarkets on Aug 22, 2019 10:00:05 AM

Elmhurst 1925 is a US-based company that produces plant-based beverages. It manufactures and retails non-dairy plant-based milk made from nuts, and grains and seeds such as soy, oats, pea, rice, coconut, almond, cashew, hazelnut, walnut, peanut, and hemp. The company also offers plant-based milk products under unsweetened Barista and Hemp Creamers series. Although the company was established in 1925, it launched its plant-based milk products in 2017; it evolved from offering milk-based products to plant-based milk after a meeting with plant nutrition pioneer, Dr. Cheryl Mitchell. On August 14th, 2019, it announced the expansion of its Barista Editions line with a new hemp-based variant for a variety of coffee applications. The vegan product is made without artificial flavors, carrageenan, gums, oils, or other emulsifiers. In February 2019, Elmhurst 1925 launched a new unsweetened hemp creamer and an unsweetened milk oats beverage. With the rising trend of healthy lifestyles, beverage producers are shifting their offerings to products that have improved nutritional profiles. Furthermore, legalizing hemp for recreational purpose has opened opportunities for manufacturers to innovate and expand their product portfolio. The fast-growing hemp industry is facing major hindrances of stringent and complex regulatory structures. Despite these challenges, Elmhurst 1925 has harnessed the power of superfood hemp seeds, which are rich in omega-3s, protein, fiber, and other nutrients.

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Topics: hemp-based variant, Industrial Hemp Market, plant-based milk products, plant nutrition pioneer, coffee applications, superfood hemp seeds

Weatherford Integrates Microsoft’s Power BI into its Business Intelligence and Data Visualization Platform – ForeSite

Posted by MarketsandMarkets on Aug 21, 2019 5:45:10 PM

On August 6, Weatherford International plc, one of the biggest multinational oilfield service companies, announced the complete integration of Power BI, Microsoft’s business analytics service, into ForeSite, its production optimization platform, adding a powerful product in its digital oilfield offerings.

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Topics: Digital Oilfield Market, ForeSite, Data Visualization, Business Intelligence, Weatherford International

Amazon’s Drone Delivery Service-Prime Air-to Become Reality Soon

Posted by MarketsandMarkets on Aug 21, 2019 3:32:17 PM

The Federal Aviation Authority (FAA) has published a petition that Amazon Prime Air, a drone operating subsidiary of Amazon has requested an exemption to operate its customized MK27 drone for deliveries under the Part 35 air carrier certificate. The petition, if passed, will allow the company to operate a delivery system that will enable reaching packages to customers in 30 minutes or less, using unmanned aerial systems.

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Topics: Aerospace and Defence, Delivery Drones, advanced aerial delivery drones, Autonomous Last Mile Delivery Market, Amazon Prime Air

Karamba Security Partners with Cypress Semiconductor to offer Embedded Cybersecurity Solutions

Posted by MarketsandMarkets on Aug 12, 2019 2:59:41 PM

On 6th August 2019, Karamba Security (US) and Cypress Semiconductor (US) announced a partnership to enhance security hardening for the automotive industry. Both companies will use the Cypress Semper Flash in-memory compute capabilities for connected systems hardening, using standard flash memory form factors, to reduce cybersecurity risks.

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Topics: cybersecurity market, Embedded Cybersecurity Solutions, advanced cybersecurity solutions, automotive cybersecurity space, automotive cybersecurity market

Flexitarianism: The Consumption of Plant-based Food is the New Future

Posted by MarketsandMarkets on Aug 9, 2019 5:34:52 PM

Flexitarians are people who have consciously decided on cutting down the meat content in their diet, not completely but to a major extent. This conscious decision is made considering the health and environmental benefits the diet offers, which include preventive health care and animal welfare, respectively. Hence, a flexitarian diet is majorly a plant-based diet with the occasional inclusion of dairy and meat products.

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Vehicle Electrification on the Rise

Posted by MarketsandMarkets on Aug 6, 2019 3:36:37 PM

BMW, the German luxury car manufacturer, has accelerated its vehicle electrification plans by introducing the Fifth Generation Architecture, as the company calls it. With the implementation of this architecture, BMW plans to deliver 25 electrified models on roads by 2023, which is 2 years earlier than the company had planned. According to BMW, more than half of these 25 new vehicles will be fully electric.

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Topics: Vehicle Electrification Market, Vehicle Electrification, German luxury car manufacturer, Vehicle electrification technologies

Joyn Bio (US) and NewLeaf Symbiotics (US) Sealed a USD 75 Million Deal through Partnership to Expand in the Agricultural Microbial Market

Posted by MarketsandMarkets on Aug 1, 2019 1:58:51 PM

On 22nd July 2019, Joyn Bio (US) and NewLeaf Symbiotics (US) announced a long-term partnership valued up to USD 75 Million to offer innovative solutions and sustainability in the modern agriculture techniques, with a new class of microbes that would enhance the current crop protection system.

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Topics: Agricultural Microbial Market, North America agricultural microbials, NewLeaf Symbiotics, Joyn Bio, agricultural biological solutions

French Smart Port in Med Initiative: Traxens Facilitates the Digital Transition of the Port of Marseille

Posted by MarketsandMarkets on Jul 30, 2019 3:35:35 PM

Traxens, an Internet of Things (IoT) company, has joined the French Smart Port in Med initiative as an associate partner, to support the digital transition of the Port of Marseille. Some key strategic objectives of this collaboration include ensuring the economic and environmental improvement of the port and its ecosystem, creating new job opportunities, strengthening the relationship between the port and the local community, and positioning the Port of Marseille as an innovative digital port in the Mediterranean.

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Topics: Smart Port in Med initiative, Smart Port, French Smart Port

Dupont to take the lead in the Probiotics Industry by setting up a new Probiotics Fermentation Facility in New York

Posted by MarketsandMarkets on Jul 19, 2019 6:36:34 PM

DuPont (US), one of the largest players in the probiotics business, opened a new state-of-the-art probiotics fermentation unit in its New York facility on the 15th of July 2019. The company undertook this expansion to expand its probiotics capacity. The facility provides high-quality probiotics to cater to the demand from the dietary supplements and food & beverage industries.

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Topics: Probiotics Market, DuPont, Food, Beverage, and Agriculture, dietary supplements and food & beverage

Apple Buys Self-Driving Start-Up Drive.AI to Bolster Project Titan

Posted by MarketsandMarkets on Jul 19, 2019 5:04:12 PM

On 26th June 2019, Apple acquired Drive.ai—a self-driving start-up—in a move that is expected to give a massive thrust to its autonomous vehicle technology. While the acquisition terms were not made public, it is believed that Apple acquired the struggling start-up for less than USD 77 million. The acquisition bolsters Apple’s autonomous vehicle initiative—Project Titan—and will help the smartphone giant to effectively compete with rivals such as Tesla and Waymo, which have a head start over the former.

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Topics: Tesla and Waymo, autonomous vehicle technology, autonomous vehicles, Semi-Autonomous and Autonomous Vehicles, Start-Up Drive.AI, Apple’s Project Titan, acquisition bolsters Apple’s, Self-Driving Start-Up

In July 2019, Rheinmetall AG and BAE Systems plc created a joint venture with an aim to manufacture Boxer multirole fighting vehicles for the UK.

Posted by MarketsandMarkets on Jul 15, 2019 2:42:04 PM

MarketsandMarkets™ View Point:

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Topics: Aerospace and Defence, armored vehicles market, Rheinmetall AG, BAE Systems plc

Tesla Plans Long-haul Electric Planes

Posted by MarketsandMarkets on Jul 11, 2019 3:42:13 PM

In July 2019, Tesla CEO Elon Musk discussed the potential of electric airplanes. According to Musk, these planes could be viable in about five years.

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Topics: Aerospace and Defence, eVTOL Aircraft, Urban Air Mobility, Tesla Jet, Electric Aircraft Market, Aircraft Battery, Tesla electric airplane

Karro Food Group (UK) Acquired Young’s Seafood Limited to Explore Multi-protein Food Groups

Posted by MarketsandMarkets on Jul 11, 2019 10:45:51 AM

Karro Food Group, a subsidiary of the UK-based CapVest Partners, is a meat processor that has agreed to acquire Young’s Seafood Ltd. with the aim to create a new multi-protein food group.

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Topics: Food and Beverage, Young’s Seafood Limited, Protein Ingredients Market, multi-protein food, Karro Food Group (UK)

Arkema completes the acquisition of ArrMaz: A strategic deal in a series of bolt-on acquisition for revenue growth, higher profit margins, and future revenue shifts

Posted by MarketsandMarkets on Jul 9, 2019 10:58:14 AM

French specialty chemicals company, Arkema has completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining chemicals, and infrastructure.

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Topics: Chemicals, Specialty Chemicals Market, Arkema, ArrMaz

PPG Completes the Acquisition of Automotive Coatings Manufacturer, Hemmelrath

Posted by MarketsandMarkets on Jul 8, 2019 4:26:18 PM

In April 2019, PPG completed the acquisition of Hemmelrath, an automotive coatings manufacturer.

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Topics: Automotive and Transportation

GST on Electric Vehicles Reduced to 5%, Tax Benefits Up to Rs. 1.5 Lakh on EV Loan: India Union Budget 2019

Posted by MarketsandMarkets on Jul 8, 2019 3:47:26 PM

To promote EVs in India on a larger scale, the Indian government in its Union budget today (5th July 2019) announced a reduction in GST from 12% to 5% for the electric vehicles sold in India. To make EVs more affordable for Indian consumers, the Indian government will also provide an additional income tax deduction of Rs. 1.5 lakh on the interest paid on the loans taken to purchase EVs.

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Topics: Automotive and Transportation, electric vehicles market

Smith & Nephew completes acquisition of Atracsys Sàrl, a Swiss Optical tracking technology provider

Posted by MarketsandMarkets on Jul 4, 2019 5:26:53 PM
Smith & Nephew has been a major player in orthopedics & sports medicine. They pioneered advanced wound care products. However, evolving market trends relating to revenue sources of its clients (i.e. hospitals, trauma centers, & orthopedic clinics) as well as changing healthcare dynamics has provided them with unique opportunity to expand into adjacent market segments such as integrated healthcare solutions and digital surgical platforms. Leveraging their core competency in assisting hospitals/other providers to offer effective surgical outcomes coupled with their unique product portfolio; Smith & Nephew is looking to effectively harness the market potential of integrated and digital health solutions by strategic acquisition of start-ups/emerging players with novel technologies such as Atracsys sarl (July 2019) and BrainLab (June 2019).
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Topics: healthcare, Smith & Nephew, Atracsys Sàrl, Atracsys Deal

Boeing to Collaborate with Kitty Hawk in Strategic Partnership

Posted by MarketsandMarkets on Jul 3, 2019 4:21:22 PM

In June 2019, the Boeing Company and Kitty Hawk Corporation entered into a strategic partnership to work on futuristic urban air mobility.

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Topics: Aerospace and Defence, urban air mobility market

SANYO CHEMICAL INDUSTRIES, LTD. TO ESTABLISH NEW PRODUCTION FACILITY OF PERMANENT ANTISTATIC AGENTS

Posted by MarketsandMarkets on Jul 3, 2019 4:04:30 PM

Sanyo Chemical Industries, Ltd. (Thailand) announced the expansion of its production facility for permanent antistatic agents, which is scheduled to operate from April 2021, with a view to meeting the rising demand from Thailand.

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Topics: Chemicals, antistatic agents market

Offshore Wind holds the Key for Competitive, Zero Carbon, and Large-Scale Power Generation

Posted by MarketsandMarkets on Jul 1, 2019 6:22:19 PM

Power generation using wind energy has been on the rise for the past few years, particularly in offshore locations of North America, Europe, and Asia Pacific. The rise of offshore wind energy generation is attributed to the better yields due to the high offshore wind speed. A turbine in 15-mph wind speed can generate double as much energy as a turbine in 12-mph wind speed can. Offshore wind speeds are steadier than on land wind speeds because of the large open spaces at sea.

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Topics: Energy and Power, submarine cable system market, offshore support vessel market, offshore wind market

Countdown for BS6 begins..!!

Posted by MarketsandMarkets on Jul 1, 2019 6:03:43 PM

Maruti Suzuki – an Indian car manufacturer giant, recently announced to phase out production of diesel cars by next year i.e. April 2020. This announcement from Maruti Suzuki is in sync with the implementation of BS6 norms in India and mirrors emerging global trends. The company’s decision is anticipated to be majorly driven by high cost of upgrading diesel engines to BS6 norms. However, to fill this void, the company aims to shift its focus towards hybrid technology driven vehicles and compressed natural gas (CNG) vehicles.

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Topics: Automotive and Transportation, exhaust system

Mile High Labs (US) acquired the pharmaceutical facility of Sandoz Inc. in Colorado

Posted by MarketsandMarkets on Jul 1, 2019 5:51:11 PM

Mile High Labs acquired a 400,000 square foot pharmaceutical manufacturing facility of Sandoz Inc., a division of Novartis (Switzerland), in Broomfield, Colorado, with a view to meet the rising global consumer demand for CBD (Cannabidiol) in the form of tinctures, lotions, and gummies.

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Topics: Food and Beverage, industrial hemp

Should Baker Hughes, a GE company, restrict itself to the Oil and Gas sector, even in the era of IIoT?

Posted by MarketsandMarkets on Jun 27, 2019 7:25:06 PM

As per MarketsandMarkets’ analysis, based on its existing studies available on MarketsandMarkets™ Knowledge Store, Internet of Things (IoT) sensors, Artificial Intelligence (AI), and predictive maintenance are the top technologies (refer to Figure 1) that have the potential to change the future revenue mix of Baker Hughes (BHGE), a GE company. It is also evident from the recent joint venture agreement between BHGE and C3.ai, a California-based AI company.

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Topics: Information and Communications Technology, iot, IIOT

Amazon’s same-day package delivery using drones to revolutionize the e-commerce industry

Posted by MarketsandMarkets on Jun 27, 2019 5:23:12 PM

On June 5, 2019, Amazon showcased the latest version of its Prime Air delivery drone—that is set to transform last mile package delivery—at the Mars Conference in Las Vegas, US. The Prime Air delivery drone is a hybrid aircraft equipped with optical, thermal, and ultrasonic sensors. Moreover, the drone is also capable of vertical takeoff and landing along with continuous forward flight.

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Topics: Aerospace and Defence, Unmanned Aerial Vehicles, Unmanned Ground Robots

Mercedes-Benz and Telefónica Deutschland to set up the world's first 5G network for automobile production

Posted by MarketsandMarkets on Jun 24, 2019 5:36:42 PM

Mercedes-Benz Cars, in association with telecommunications company Telefónica Deutschland and network supplier Ericsson, is setting up the world’s first 5G network for automobile production in its Factory 56 in Sindelfingen, Germany. This is the first time the 5G mobile communications standard is being implemented into the running production. The 5G technology can rapidly process huge data sets. The 5G standard allows fast data transmission rates, with extremely low latency and a high level of reliability. Mercedes-Benz Cars is planning to implement such innovation in its other plants as well.

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Topics: Automotive and Transportation, robo-taxi market

TYSON FOODS, ONE OF THE LARGEST MEAT PRODUCERS GLOBALLY, ENTERED THE PLANT-BASED MEAT MARKET WITH ITS NEW BRAND, RAISED & ROOTED

Posted by MarketsandMarkets on Jun 20, 2019 7:29:43 PM

Tyson Foods is headquartered in Arkansas, US, and is engaged in offering chicken, beef, and pork, as well as prepared foods. The company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair brands. It has its presence in Central America, China, Canada, Japan, the Middle East, the European Union, South Korea, and Taiwan. On 13th June 2019, the company announced the launch of its first plant-based blended products under its new brand, Raised & Rooted, as part of its efforts to expand its protein offerings. Earlier, in April 2019, Tyson Foods ended its investment with Beyond Meat, which is engaged in manufacturing plant-based meat, to start its own brand of plant-based meat products. With the rising trend of healthy lifestyles, meat producers need to shift their offerings to products that have improved nutritional profiles. The belief among consumers that plant-based proteins are better for heart health, easier to digest, and better suited to aid weight loss than animal protein, will disrupt the animal meat market in the future. Since Tyson Foods has a major stake in traditional meat such as chicken, pork, and beef, it is more of a precautionary move rather than a strategic one to enter into the booming market of plant-based meat.

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Topics: Food and Beverage, plant-based meat market

Predictive AI Biomarker for Lung Cancer Immunotherapy by Lunit Inc. to augment growth of Companion diagnostics and cancer biomarker market

Posted by MarketsandMarkets on Jun 17, 2019 5:58:44 PM

On May 28 Lunit Inc. announced an abstract presentation of its AI precision medicine research portfolio at the American Society of Clinical Oncology (ASCO) Annual Meeting 2019. The accepted abstract highlights the feasibility of AI-based biomarker in metastatic non-small cell lung cancer, based on the H&E analysis that predicts response to immune checkpoint inhibitors (ICI).

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Topics: healthcare, Biomarkers, Companion Diagnostics

SOITEC and GLOBALFOUNDRIES Signed Long-Term Agreement on Supply of SOI WAFERS to Meet Growing Demand in 5G, IOT, and Data Center

Posted by MarketsandMarkets on Jun 17, 2019 4:37:02 PM

Many players from the semiconductor ecosystem had taken initiatives toward the development of Silicon-on-Insulator (SOI) wafers to fulfill the growing demand for cost-effective, high-performance, low power, and miniaturized electronic devices that find applications in computing and mobile, automotive, and telecom instruments. In addition, rapidly advancing technologies, such as 5G, IoT, and data centers, encourage companies to develop innovative and highly scalable products with improved performance. To gain a competitive edge over others, companies are adopting partnership and collaboration strategies. For example, GlobalFoundries, a leading semiconductor foundry, and Soitec, a specialized manufacturer of high-performance semiconductor materials, signed a long-term agreement to ensure the high-volume manufacturing and supply of 300 mm SOI wafers.

MarketsandMarkets™ View Point:

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Topics: Semiconductor and Electronics, SOI, Silicon On Insulator Market

JBT Takes Another Step Toward Strengthening Its Poultry Business with the Acquisition of Prime Equipment Group

Posted by MarketsandMarkets on Jun 14, 2019 7:10:06 PM

As per a press release of the company, on April 30, 2019, John Bean Technology (JBT) acquired Proseal, a United Kingdom based, provider of tray sealing technology for the food industry, in a deal worth USD 246 million. JBT then acquired Prime Equipment Group, a US company dealing in primary and water re-use solutions for the poultry industry, for USD 65 million on June 5, 2019. Regarding these acquisitions, JBT CEO Tom Giacomini said, “The goal of JBT is to become full line solutions provider for poultry customers with the addition of the primary processing capabilities of Prime. The areas of automation and water re-use can be addressed by deep expertise, reputation, and high-quality products and services by Prime, combined with the strategy and winning culture at JBT.” Chicago-headquartered JBT expects that in 2019, both acquisitions would add anywhere between USD 80 million and USD 85 million to its revenue. The potential lies in leveraging JBT’s global reach as Prime’s annual revenue of USD 45 million is only from the US.

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Topics: Food and Beverage, poultry processing equipment market

Raytheon and United Technologies to merge their businesses to address challenges in the fast-growing Aerospace & Defense market

Posted by MarketsandMarkets on Jun 14, 2019 6:43:58 PM

Raytheon and United Technologies are joining hands to further expand their aerospace & defense segment, making it the second-largest company in the US in the aerospace & defense segment, after Boeing in terms of revenue.

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Topics: Aerospace and Defence

Salesforce Acquisition of Tableau Can Spike Its Revenue, Provided It Prepares for Its Clients’ Revenue Shift

Posted by MarketsandMarkets on Jun 12, 2019 5:47:43 PM

Future revenue mix of most of the global companies is going to change soon. One of the major driving factors would be the revenue shift of the clients that will push them to adopt innovative solutions relevant to the constantly evolving requirements. Companies who are preparing for their clients’ future revenue shift will ride the tide, while others might find it challenging to sustain. Salesforce has taken a similar strategic initiative to acquire Tableau recently, which might be primarily driven by future revenue shift of its clients.

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Topics: Information and Communications Technology, Salesforce, Tableau

India Enters into A Deal with Israel To Acquire 100 ‘Balakot’ Spice-2000 Bombs

Posted by MarketsandMarkets on Jun 12, 2019 4:49:46 PM

The Indian Air Force (IAF) has once again sourced the highly advanced SPICE-2000 bomb from Israel to strengthen its arsenal. The SPICE-2000 bomb was earlier used in the Balakot airstrike conducted in February 2019, to neutralize Jaish-e-Mohammed (JeM) terrorists hiding in a building. The airstrike was a retaliation against a terror attack carried out by JeM in Jammu and Kashmir's Pulwama district on February 14, 2019, killing 40 Central Reserve Police Force (CRPF) soldiers. As part of a comprehensive defense strategy, the IAF awarded Israel’s Rafael Advanced Defense Systems a USD 40 million contract for the purchase of more than 100 SPICE-2000 bombs.

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Topics: Aerospace and Defence, Precision Guided Munition Market, SPICE-2000

National Instruments Sets up mmWAVE VST to Accelerate 5G Commercialization

Posted by MarketsandMarkets on Jun 11, 2019 11:36:08 AM

In the face of stiff competition, companies are trying to outdo each other to bring 5G technology to market. Testing companies, such as Rohde & Schwarz, Keysight Technologies, Fortive, National Instruments, and VIAVI Solutions, have shifted their focus toward the Internet of Things (IoT) and commercialization of 5G testing. National Instruments has set up mmWave vector signal transceiver (VST) to address the test challenges of 5G mmWave radio frequency integrated circuit (RFIC) transceivers and power amplifiers. National Instruments solutions use the mmWave vector signal transceiver (VST), which combines a radio frequency (RF) signal generator, an RF signal analyzer, and integrated switching with 1 GHz of instantaneous bandwidth at frequencies up to 44 GHz.

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Topics: Semiconductor and Electronics, Test and Measurement Equipment market, mmWAVE VST, 5G Commercialization

Cohda Wireless and Sasken Technologies announce a strategic technology partnership to ease the adoption of V2X in the connected vehicles space

Posted by MarketsandMarkets on Jun 7, 2019 4:15:45 PM

On 4th June 2019, Cohda Wireless (Australia) and Sasken Technologies (India) announced a strategic technology partnership to accelerate the adoption of V2X (vehicle-to-anything) in the connected vehicles space. The companies plan to utilize cellular or DSRC (dedicated short-range communication) technologies. Cohda Wireless is a global leader in connected autonomous vehicles technologies, whereas Sasken Technologies is a leading product engineering and digital transformation services provider. The partnership will help create a complete TCU (Telematics Control Unit) software reference design that would include Sasken's TCU software and middleware coupled with Cohda Wireless' DSRC/C-V2X (cellular V2X) stack and applications.

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Topics: Automotive and Transportation, V2X, connected vehicles

In a Revolutionary Deal, Atkins and Vertical Aerospace Collaborate to Build and Fly a Full-Scale, Fully Electric Vertical Takeoff and Landing (eVTOL) Aircraft

Posted by MarketsandMarkets on Jun 7, 2019 3:37:08 PM

THE NEED FOR EVTOL?

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Topics: Aerospace and Defence, eVTOL Aircraft

Global Biodiesel Market Industry Leaders & New Revenue Pockets

Posted by MarketsandMarkets on Jun 4, 2019 4:10:36 PM

The global biodiesel market is projected to reach USD 41.18 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel is a used as a fuel in pure form B100 or by forming blends with conventional petroleum diesel. These blends include B2, B5, and B20 that contain 2%, 5%, and 20% biodiesel, respectively. Biodiesel is environmental-friendly, non-toxic, and readily biodegradable fuel, as it is produced from natural elements such as vegetable oils, animal fats, and greases. It finds usage in end-use industries, such as automotive, power generation, marine, railway, agriculture, and mining. The growing demand for biodiesel from these end-use industries is expected to lead to its increased demand in the biodiesel market.

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Topics: Chemicals, global biodiesel market

Key players in the Biosimilars Market focus on product launches and approvals

Posted by MarketsandMarkets on Jun 4, 2019 3:27:13 PM

Biosimilars, also called as follow-on biologics, are the approved biological products that are very similar to another biological drug manufactured by another company. They are cost-effective and help in prevention and treatment of different diseases like cancer, diabetes, autoimmune diseases, and infectious diseases, among others. The global biosimilars market is expected to witness stellar growth over the coming years since it has the ability to provide good-quality products at lower costs, thereby reaching the patient population that cannot afford high-cost treatments.

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Topics: Biotechnology, biosimilars

Leading Polymer Producers and Compounders Gearing Up for Complexities Emerging Out of Material Trends, Vehicle Electrification, and Lightweighting

Posted by MarketsandMarkets on Jun 3, 2019 4:17:04 PM

BASF SE (Germany) is planning to invest USD 10 billion in China to build a new plant for engineering plastics – a strategic move to further strengthen its leading position in the polymers market as the customers producing next-gen automotive, electronics, and electrical products turn to high-performance materials manufacturers for their specific needs. China is the leading market for electric vehicles (EVs), electronics, and electrical products as the country is a key supplier of components as well as end products to the world. The customers in these industries are turning to companies such as BASF to address industry trends such as vehicle electrification, lightweighting, electrical energy saving solutions, and miniaturization of electronic devices.

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Topics: Chemicals, polymers market

GELYMAR (Chile), one of the global leaders of the Commercial Seaweeds Market made an investment of USD 15 Million to double its production capacity

Posted by MarketsandMarkets on May 30, 2019 5:35:09 PM

Gelymar is a global company involved in the extraction of Kapa II and Lambda Carrageenan. Carrageenans belong to the family of linear sulfated polysaccharides that are extracted from red edible seaweeds. The company caters to the pharmaceutical, food, and personal care industries. It operates through its four manufacturing sites located in Chile and Indonesia, along with its two product technology centers. They also have a strong worldwide distribution network in more than 50 countries. On 21st May 2019, the company completed its investment in two plants, Puerto Montt and Tierra del Fuego, to double its production capacity in southern Chile. This investment will help the company to expand itself in North America and Europe. This is due to the rising awareness about the advantages of seaweed consumption in North American and European countries, which is driving the market for commercial seaweeds. The commercial seaweeds market is dominated by the application of seaweeds in the food products such as cakes, cheese, protein drinks, ice cream, sausages, bread, and jellies; this is due to the high-nutritive values offered them.

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Topics: Food and Beverage, Commercial Seaweeds Market

Airbus to Challenge Boeing with its Extended Range A220 Aircraft

Posted by MarketsandMarkets on May 30, 2019 12:05:10 PM

Airbus recently announced that the Maximum Take-off Weight (MTOW) of its A220 aircraft is set to increase by 2,268 kilograms from 2020, resulting in an increased range of 6,200 kilometers for its A220-300 aircraft and 6,290 kilometers for its A220-100 aircraft, almost 830 kilometers more than its previously advertised range. The company also reached a major milestone of 12,000 deliveries with the delivery of its 12th A220 to Delta Airlines (US); the operator has ordered a further 40 A220-100 aircraft and 50 A220-300 aircraft.

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Topics: Aerospace and Defence, Aircraft Engines Market

Waymo firms up plans for Autonomous Car Assembly Plant in Detroit

Posted by MarketsandMarkets on May 28, 2019 5:33:38 PM

On April 23, 2019, Google announced that it has partnered with American Axle & Manufacturing Holdings Inc., to repurpose an existing facility that was most recently used as a sequencing center for a local parts supplier. The site is a facility owned by American Axle in Hamtramck, Michigan, Detroit. The goal is to begin moving into the facility by mid-2019 and prepare the site for manufacturing Level 4 (L4) autonomous vehicles. The company has planned to invest USD 13.6 million to retrofit this facility.

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Topics: Automotive and Transportation, Autonomous Vehicles Market, semi-autonomous vehicles market

Natural Refrigerants is gaining momentum over Traditional Refrigerants

Posted by MarketsandMarkets on May 28, 2019 3:34:17 PM

Refrigerants are defined as chemicals that act as a heat transfer medium in cooling equipment. They function on the principle of transferring heat by absorbing heat at low temperature and pressure and releasing it at high temperature and pressure. The market for refrigerants is expected to exhibit steady growth throughout the forecast period. The market in the developed economies of Europe and North America is expected to witness slow growth due to changing trends regarding restriction in the use of fluorocarbons under regulations of the Montreal Protocol. Hydrocarbons (HC) refrigerants are expected to gain importance in North America due to the rapid shift from fluorocarbons to HC-based refrigerants. The market in several growing economies of Asia-Pacific and the Middle East & Africa is expected to witness high growth owing to increasing spending power, growth in infrastructure industry, and growth of manufacturing of consumer appliances.

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Topics: Chemicals, refrigerants market, natural refrigerants, cold chain

Combined Cycle Power Plant – Efficient way for future Clean Power Generation

Posted by MarketsandMarkets on May 28, 2019 3:11:26 PM

In a major development GE has secured USD 1.0 Billion of project financing for the first independent combined cycle power plant in Sharjah, UAE. GE is working with co developers GE Energy Financial Services (GE EFS), Sumitomo Corporation of Japan, Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and Shikoku Electric Power Company for development of power plant project. The secured financing is from leading private financial institutions of Japan, with the Japan Bank for International Cooperation (JBIC), and Japan’s export credit agency (ECA) under the insurance cover provided by government of Japan.

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Topics: Energy and Power, Gas Turbines Market

Impact of Recycled Carbon Fibers and development of new production technologies on the Carbon Fiber Market

Posted by MarketsandMarkets on May 22, 2019 7:20:00 PM

Carbon fiber was first discovered in the 1970’s when extensive research was happening to find alternative materials for metals. Initially, carbon fibers were not widely accepted due to its limited compression strength and high price. However, today, a lot of developments have been made on carbon fiber, and its use is extensive in various end-use industries such as aerospace & defense, automotive, sporting goods, wind energy, marine, civil engineering, pipe & tank, electrical & electronics, oil & gas, 3D printing, high-speed rail, hydrogen gas storage, and others. Carbon fiber is a long, thin strand of material made from carbon. The carbon content is more than 90% for standard modulus industrial grade and almost 100% for high modulus aerospace grade.  Carbon fiber is produced from raw materials such as PAN, pitch, rayon, or other organic fibers.

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Topics: Chemicals, Carbon Fiber, Recycled Carbon Fibers

Beyond Meat Inc.: After a stellar foray of the plant-based meat producer into the public domain, what’s next?

Posted by MarketsandMarkets on May 22, 2019 5:09:38 PM

Beyond Meat Inc. forayed into the public arena, with its stock price soaring up to more than double. Burgers with no meat but taste like they do—this is what Beyond Meat is serving to the customers.

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Topics: Food and Beverage, plant-based meat market

Power-to-Gas an effective way for Renewable Energy Integration

Posted by MarketsandMarkets on May 20, 2019 1:16:33 PM

The role of renewable energy is becoming more eminent in the global energy mix. The power generated by renewable energy in 2018 accounts for more than 25% globally with total installed capacity of 2,350 GW. As integration of renewable energy keeps on increasing at an average of at least 8% year on year (International Renewable Energy Agency (IRENA)), there is a lookout for newer ways to conserve and store power generated by the renewables.

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Topics: Energy and Power, battery energy storage systems, renewable energy, power-to-gas

NTU Singapore and Volvo Unveil World’s First Full Size, Autonomous Electric Bus

Posted by MarketsandMarkets on May 17, 2019 6:02:52 PM

On 3rd March 2019, Volvo Electric Buses and Nanyang Technological University, Singapore (NTU) launched Volvo 7900, the world’s first full size, autonomous electric bus. The single deck electric bus is 12 meters long and has a full capacity of 80 passengers. The autonomous electric bus is equipped with Global Positioning System, numerous sensors, stereo video cameras for recording the surround view, and navigation controls managed by a comprehensive artificial intelligence.

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Topics: Automotive and Transportation, electric commercial vehicle

FORTSENSE, a Chinese Firm, develops world’s first In-Display Fingerprint Sensor for LCD Panels

Posted by MarketsandMarkets on May 10, 2019 7:19:12 PM

There was a time when an in-display fingerprint sensor feature was only available in premium smartphones, but nowadays, it is also available in mid-range smartphones. Usually, this feature was provided for OLED displays as LCD panels cannot transmit light. However, in most cases, OLED display panels are installed in high-end premium smartphones and very few mid-range smartphones. To overcome this challenge, a Chinese firm named Fortsense has announced the development of an in-display fingerprint sensor for LCD panels.

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Topics: Semiconductor and Electronics, display market, LCD Panels, In-Display Fingerprint Sensor

Sono Motors unveiled production design of the “Sion,” an electric car partially powered by solar panels on the vehicle

Posted by MarketsandMarkets on May 10, 2019 6:52:05 PM

On 4th March 2019, Sono Motors, a German electric vehicle start-up, unveiled an updated production design of the Sion, an electric car with full-surface integrated solar cells. These solar cells are embedded in hard-wearing and resilient polymer, which also contribute to the vehicle’s design aesthetic. The Sion is aimed at the European market. Sono Motors started registering pre-orders for Sion and has successfully recorded registrations for more than 9,000 units. The company declared that it would initiate the production of Sion in Sweden by mid-2020.

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Topics: Automotive and Transportation, solar vehicle market, electric vehicles market, solar cells

Google receives Government Approval to become First Drone Delivery Company

Posted by MarketsandMarkets on May 9, 2019 5:48:51 PM

In April 2019, Google became the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin delivering products to customers.

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Topics: Aerospace and Defence, Packaging, google, drone delivery

Firmenich set to expand its Clean Label Ingredient Business with the Acquisition of VKL SEASONING

Posted by MarketsandMarkets on May 8, 2019 3:52:08 PM

Firmenich (Switzerland) has agreed to acquire a majority stake in VKL Seasoning Pvt. Ltd (India), an Indian specialist in seasonings and flavors, on 1st May 2019, with a view to expanding its capability and customer reach in India.

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Topics: Food and Beverage, clean label ingredients market

Tesla Plans to Launch a Robotaxi Network in 2020

Posted by MarketsandMarkets on May 3, 2019 6:06:06 PM

Tesla plans to launch the first robotaxis as part of a broader vision for an autonomous ride sharing network in 2020, CEO Elon Musk said during the company’s Autonomy Day. Musk confirmed that there will be more than a million Robotaxis on road next year. Robotaxi is an upcoming megatrend in the automotive industry. It is a disruptive technology that can lead to the development of new mobility models and provide vast opportunities for infrastructure development.

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Topics: electric vehicle market, automotive industry, ride sharing market

Just Vertical, A Vertical Farming Equipment Manufacturer, Announced its Agreement with Nextech’s Aritize

Posted by MarketsandMarkets on Apr 29, 2019 5:46:31 PM

Just Vertical (Canada), a manufacturer of home-based hydroponic farming solutions, announced its agreement with NexTech’s Aritize (Canada) on the 23rd of April 2019. Just Vertical manufactures hydroponic farming units which are integrated into home furniture to minimize space requirements for farming while also seeking to maximize farming functions in a residential environment. It provides a home-based growing solution with pods, seeds, lights, and the necessary rail systems that are integrated into a single product. The partnership with NexTech’s Aritize is expected to overhaul Just Vertical’s existing infrastructure and provide augmented reality support to its website to help consumers analyze the product in a virtual space in their homes.

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Topics: Agriculture Industry, hydroponics

Stratolaunch creates History with Maiden Flight of All-Composite Space Launch Aircraft

Posted by MarketsandMarkets on Apr 29, 2019 5:30:32 PM

On April 13, 2019, Stratolaunch System Corporation has successfully completed the maiden flight of the world’s largest all-composite aircraft, the Stratolaunch. The Stratolaunch aircraft enables convenient, reliable, and affordable access to space in a manner similar to that of any other aircraft. The aircraft is a mobile launch platform, the central reinforce wing of which, can support multiple launch vehicles weighing up to 500,000 pounds. The aircraft is designed with dual fuselage and has a 385-feet wingspan, with the tail of the aircraft 50 feet above the ground.

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Topics: Aerospace and Defence, Stratolaunch, maiden flight

Nintendo strengthens its position in VR market by launching low-priced headset

Posted by MarketsandMarkets on Apr 29, 2019 4:11:42 PM

Nintendo, a Japanese multinational video game and consumer electronics company, is one of the largest video game companies. After the company failed to make an impact in the virtual reality (VR) industry with the launch of Virtual Boy, a 32-bit table-top video game console, in 1995, Nintendo reignited research into virtual reality and released the Labo VR kit on April 12, 2019. The Labo VR kit is a build-it-yourself set of cardboard goggles and controllers. With this product launch, Nintendo aims to strengthen its position in the VR market and enhance its gaming lineup.

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Topics: Semiconductor and Electronics, virtual reality market, augmented reality market

Eaton’s acquisition of Ulusoy Elektrik in Turkey is likely to gain it more business access in the Middle East and Africa region

Posted by MarketsandMarkets on Apr 26, 2019 5:39:17 PM

Eaton completed the acquisition of a controlling interest in Ulusoy Elektrik, a medium voltage product manufacturing company in Turkey, in April 2019. This transaction happened with the purchase of shares of nearly $214 million on a cash and debt free basis. With this acquisition, Eaton is likely to gain more access to electrical products market in countries within the Middle East and Africa region.

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Topics: Energy and Power, distribution transformer market, recloser market, recloser control market

Evonik, a Specialty Chemicals Company, announced its Distribution Agreement with Halchemix, Canada

Posted by MarketsandMarkets on Apr 25, 2019 1:22:52 PM

Evonik (Germany), one of the largest specialty chemicals company, announced its distribution agreement for dairy feed additive with Halchemix (Canada). Evonik has four business segments—nutrition & care, resource efficiency, performance material, and services. It offers feed additives such as amino acid and probiotics under the animal nutrition business line of nutrition and care segment. While, Halchemix is focused on well researched feed additives, including amino acids, phytase, enzymes, and water acidifiers.

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Topics: Agriculture Industry, feed additives

Renault-Nissan-Mitsubishi Alliance May Get Stronger with Upcoming Mergers

Posted by MarketsandMarkets on Apr 18, 2019 10:52:11 AM

Renault-Nissan-Mitsubishi Alliance

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Topics: Automotive and Transportation, electric vehicle market

Danaher to Solidify its Leadership in Bioprocessing - Post the Acquisition of the Biopharma Business of General Electric Life Sciences

Posted by MarketsandMarkets on Apr 15, 2019 9:54:19 PM

Danaher Corporation has entered into a definitive agreement with General Electric (GE) Company to acquire a very lucrative Biopharma business unit of GE Life Sciences. Biopharma unit of GE Life Sciences, is the leading provider of instruments, consumables, and software that support the research, discovery, process development and manufacturing workflows of biopharmaceutical drugs. The business comprises process chromatography hardware and consumables, cell culture media, single-use technologies, development instrumentation and consumables, and service.

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Topics: healthcare, Bioprocessing

Qualcomm launches QCS400 SoC series: An AI-enabled chipset with far-field voice capabilities for smart speakers

Posted by MarketsandMarkets on Apr 15, 2019 9:48:51 PM

Far-field speech and voice recognition smart speaker products such as Amazon Echo, Amazon Tap, Apple HomePod, and Google Home witnessed a high level of adoption within 2 years of their commercialization. With recent advancements in adaptive noise cancellation (ANC) and beamforming technology, Qualcomm, on March 2019, unevils AI enabled Qualcomm QCS400 SoC series designed to deliver advanced multi-mic far-field voice capability with highly responsive voice activation and beamforming technologies for smart speakers such as Google Home or the Amazon Echo. The launch of new chip help device manufacturers helps manufacturers accelerate the development and commercialization of smart and networked speakers.

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Topics: Semiconductor and Electronics, far-field speech and voice recognition

Lightweight metal alloys – The future of the transportation industry

Posted by MarketsandMarkets on Apr 11, 2019 12:22:56 PM

The pressing need of the transportation industry to produce lightweight vehicles with superior functional capabilities is driving the lightweight metal alloys penetration in the industry. CAFÉ regulations and growing demand for electric vehicles are pushing the automakers to adopt lightweight solutions. Aluminum and magnesium alloys are the most commonly used lightweight metals, followed by titanium and beryllium. Lightweight material can drastically reduce the overall weight of the vehicle, reduce CO2 emissions, improve fuel consumption, and are completely recyclable.

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Topics: Automotive and Transportation, Chemicals, lightweight metal alloys

Cresco Labs, A Multistate Cannabis Company, has agreed to acquire Origin House for USD 823 Million

Posted by MarketsandMarkets on Apr 10, 2019 7:13:59 PM

Cresco Labs (US) is a multistate cannabis company that produces cannabis plants. It is a grower, processor and retailer of cannabis and operates across the United States. Origin House (US) is a distributor and provider of brand support services in California, the world’s largest regulated cannabis market. The company delivers more than 130 branded products through over 50 brands to most licensed dispensaries. The acquisition will provide Cresco with a large portfolio of brands to work with and on the other hand, Origin House will be able to expand its geographic presence. The acquisition will help in combining the expertise of both the companies that will help them in becoming a key North American cannabis company and one of the largest cannabis brand distributors.

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Topics: Food and Beverage, cannabis market

Aircraft Sensors - A Pivotal Component Ensuring Passenger Safety and Development of Next-gen Aircraft

Posted by MarketsandMarkets on Apr 10, 2019 6:15:03 PM

On October 29, 2018, a Boeing 737 MAX 8 operated by the Indonesian airline Lion Air crashed, killing all 189 passengers and crew. Another Boeing 737 MAX 8 aircraft operated by Ethiopian Airlines crashed on March 10, 2019, killing all 157 passengers and crew. The main reason for both accidents was false data provided by faulty angle-of-attack aircraft sensors.

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Topics: Aerospace and Defence, aircraft sensors

Alstom to showcase Coradia iLint, Pendolino, and APS at the Eurasia Rail 2019 in Turkey

Posted by MarketsandMarkets on Apr 9, 2019 6:21:14 PM

Alstom, a leading player in the railway technology, would showcase its latest technologies at the Eurasia Rail from 10-12 April 2019 in Izmir, Turkey. The latest technologies include Coradia iLint, the world’s first hydrogen fuel cell powered passenger train, and Pendolino, a flexible and interoperable passenger rail solution for high-speed and conventional trains that run at a speed of up to 250 km/h. The company would also showcase services for trains, infrastructure, and rail control systems. The highly reliable APS technology reduces the light rail lines and helps in preserving the urban environment. Atlas Trainborne is another technology that offers multiple Specific Transmission Modules (STMs) for compatibility with conventional systems.

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Topics: Automotive and Transportation, rolling stock management, rolling stock management market

In a landmark deal, Centrica and TEPCO collaborate to augment demand response services for the Japanese power grid

Posted by MarketsandMarkets on Apr 2, 2019 7:47:21 PM

Tokyo Electric Power Company (TEPCO) and Centrica recently collaborated on demand response services with Centrica (a UK-based organization) likely to assist TEPCO with FlexPond, an electricity demand response platform, to ensure that TEPCO provides stable electricity distribution services in the Kyushu region. FlexPond will be delivered under an innovative commercial “software-as-a-service” (SaaS) model, which will allow utilities, like TEPCO, to use the application platform to build its own virtual power plants (VPPs) and deliver the demand side response capability through a variety of flexible generation and demand facilities.

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Topics: Energy and Power, virtual power plant market, TEPCO, flexpond

US Department Of Defense (DoD) awards USD 4.1 Billion Contract for Missile Defense System

Posted by MarketsandMarkets on Apr 1, 2019 4:44:17 PM

Over the last two decades, the US has continuously invested in technology development and deployment of layered missile defense systems for the protection of its homeland and its forces abroad. It faces threats from countries, such as North Korea, Iran, Russia, and China as these countries are deploying offensive missile systems. The US continues to make significant progress in the development and deployment of active missile defense capabilities. Some of the major missile defense systems deployed by the US include the Terminal High Altitude Area Defense (THAAD), Aegis Sea-based Missile Defense, Aegis Ashore, and Patriot Advanced Capability-3 (PAC-3) systems.

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Topics: Aerospace and Defence, missile defense system, air defense system market

ELD and digital tachograph mandate to drive revenue streams for vendors

Posted by MarketsandMarkets on Apr 1, 2019 4:34:30 PM

The US Federal Motor Carrier Safety Administration (FMCSA) mandated the use of ELD for commercial vehicles from December 18, 2017. A 2-year window, till December 16, 2019, has been provided for vehicles that already have ELDs in place to update these devices as per FMCSA’s ELD technical specifications. Electronic logging device, also known as digital tachograph in Europe, is designed to record data related to the operation of the vehicle and driver activity. The driver information mainly concerns the hours of service (HOS), breaks, and driving behavior. The fleet operators are restricted to a maximum number of hours they can drive between rest periods. According to FMCSA, the ELD mandate will result in a USD 2.44 billion savings, most of which will be attributed to the amount of time drivers will save by not having to complete and submit time logs. In 2006, a similar mandate was implemented in European countries. As per the rule, from May 2006, all new vehicles over 3.5 ton in Europe had to be equipped with a tachograph. Later, in 2016, the European Commission adopted legislation defining new technical specifications for smart tachographs.

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Topics: Automotive and Transportation, electronic logging device market

Vital strategies and technologies for efficient and effective water management

Posted by MarketsandMarkets on Apr 1, 2019 4:23:06 PM

Water is vital for both industrial and municipal use. The technology for water treatment in the industrial sector differs fundamentally from that in the municipal sector as functions vary as per specific needs of each sector. In the industrial sector, demand for water treatment varies between industries and location of the establishment. Highly customized and integrative technologies are used in treating water in the industrial sector. On the other hand, municipal water treatment requires established techniques and processes to purify water and fulfill public demand.

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Topics: Chemicals, water treatment chemicals market

Capacity expansion of organic peroxide to strengthen Nouryon’s position in North America

Posted by MarketsandMarkets on Apr 1, 2019 3:33:00 PM

Nouryon (formerly, AkzoNobel Specialty Chemicals) to double production capacity of organic peroxides at its Los Reyes site, Mexico to meet increased customer demand for polyvinyl chloride (PVC) and polyolefin in North America. The expansion is planned to be completed by the first half of 2020.

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Topics: Chemicals, organic peroxides market

Archer Daniels Midland Acquires the Ziegler Group to Expand Its Natural Flavors Business!

Posted by MarketsandMarkets on Mar 28, 2019 7:06:55 PM

Archer Daniels Midland Company (ADM) (US) completed the acquisition of the Ziegler Group (Germany), a leading player in the European flavors market producing natural citrus flavor ingredients, on March 21, 2019.

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Topics: Food and Beverage, food flavors market

Boeing 737 Max Aircraft Grounded Amid Safety Concerns

Posted by MarketsandMarkets on Mar 26, 2019 6:55:26 PM

The tragic loss of life due to the crashing of the Lion Air flight 610 in October 2018 and the Ethiopian Airlines flight 302 resulted in the global grounding of the Boeing 737 Max until the cause of the crash could be reliably identified. Globally, 371 of these aircraft have been grounded. The potential risk for Boeing could be the complete or partial cancellation of orders placed by global airlines, litigation for victims of the crashes, and compensation claims by airlines for lost revenue, presenting opportunities for rivals.

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Topics: Aerospace and Defence, Boeing

Electrification and renewables buoyancy across Europe will mandate huge grid resilience

Posted by MarketsandMarkets on Mar 25, 2019 6:37:49 PM

The European power system is set to change radically in the future owing to the drive to reduce carbon emissions. At the same time electrification of transportation and heating sector will create a perennial demand on the grid infrastructure.

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Topics: Energy and Power, utility asset management

Qlik Collaborates with DataRobot for Leveraging Advancements in Artificial Intelligence

Posted by MarketsandMarkets on Mar 20, 2019 7:18:49 PM

Qlik, a major provider of analytics and business intelligence solutions, has recently announced a partnership with DataRobot, an AI-based predictive solution provider, to implement technological advancements in predictive modeling. The collaboration would integrate machine learning (ML) capabilities of DataRobot directly into Qlik workflow solutions. The integration would enable business users to gain deeper insights from current and historical data for better predictions and informed decision-making.

MarketsandMarkets™ View Point:

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Topics: Information and Communications Technology, augmented analytics market

Azelis acquired Chemroy Canada Holdings to strengthen its position in North America

Posted by MarketsandMarkets on Mar 20, 2019 6:50:21 PM

Azelis (Belgium), a specialty chemicals and food ingredients distributor, based in Europe, announced its 100% acquisition of Chemroy Canada Holding (Ontario, Canada), a privately owned distributor of specialty chemicals and ingredients, on 12th March 2019. The transaction would place Azelis as one of Canada's leading specialty distributors. Additionally, with Chemroy’s dedicated sales force into the food and nutraceutical segments, Azelis will have high growth opportunity in these segments.

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Topics: Food and Beverage, food processing ingredients market

Volkswagen and Microsoft strategic partnership for the development of Volkswagen Automotive Cloud

Posted by MarketsandMarkets on Mar 20, 2019 6:39:50 PM

Volkswagen and Microsoft shared progress on the development of the Volkswagen Automotive Cloud. The Volkswagen Automotive Cloud is to be extended to further regions of the world and will be available in Europe, China, and the USA—the core markets for the future, full-electric, and fully connected ID model family. Volkswagen and Microsoft are also working on the first lighthouse projects for connected vehicle services. They are concentrating on communication and navigation solutions as well as personalized services: These will leverage self-learning algorithms facilitating the use of services in vehicles and offering occupants extended functions. Automated linking into telephone conferences and transfer of prepared navigation destinations will only be the first steps, which will also include the integration of Microsoft Skype and Microsoft Office.

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Topics: Automotive and Transportation, connected cars, cloud based solutions market for automotive

Greif Concludes Acquisition of Caraustar Industries – A Strategic Move to Fortify its Market Leadership in Industrial Packaging

Posted by MarketsandMarkets on Mar 15, 2019 10:34:20 AM

Greif, Inc. (US), a manufacturer of industrial packaging products and services has completed its previously announced acquisition of Caraustar Industries (US), an integrated manufacturer of 100% recycled paperboard and paperboard products.

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Topics: Packaging, industrial packaging market

Siemens acquires solar string inverter business strengthening its decentralized energy systems portfolio

Posted by MarketsandMarkets on Mar 15, 2019 9:37:53 AM

German conglomerate Siemens acquired the solar string inverter business of KACO new energy GmbH, which specializes in the field of independent and decentralized energy supply. This acquisition will strengthen the decentralized energy systems portfolio of Siemens, which will get a fresh lease of life, through this acquisition.

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Topics: Energy and Power, micro-inverter market, String Inverter Market

Airbus Helicopters Announces 43 Orders at Heli-Expo 2019 and Launches a New Version of its H145

Posted by MarketsandMarkets on Mar 13, 2019 1:56:00 PM

March 7, 2019 - Airbus Helicopters (France) concluded the Heli-Expo 2019 with 43 new orders for its major civil product range, namely the H125, H130, H135, H145, H160, H175, and H225 aircraft across the globe. Of the 43 helicopters, 49% orders were from its longstanding customer, Air Medical Group Holdings (AMGH) (US), for a mix of single-engine H125s and twin-engine H135s. Airbus also launched a new version of its H145 helicopter at the expo, resulting in orders for 10 units and 9 retrofits.

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Topics: Aerospace and Defence, Helicopters Market

Omantel Launches International Wholesale Unit for Ultra-low Latency Networking (ULTN) Services

Posted by MarketsandMarkets on Mar 13, 2019 1:31:38 PM

On 8th March 2019; Omantel, a market leader in ultra-low latency networking (ULTN), has launched an international wholesale company, Omantel International (OTI). OTI is managing Omantel’s international voice business and supports partners and customers in accessing new and existing solutions. Capitalizing on Oman’s unique geographic position, Omantel will offer ULTN services to various communication hubs in the Middle East, Asia, Africa, and Europe catalyzing the Digital Transformation globally.

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Topics: Information and Communications Technology, managed network services market

Metso Corporation, for meeting the growing global demand, plans to increase its engineering hubs in India by investing more than USD 112.30 million

Posted by MarketsandMarkets on Mar 11, 2019 5:35:03 PM

Recently, Metso Corporation has invested more than USD 112.30 million for the development of its engineering hubs in India and internationalize production plants to fulfill the increasing global demand for industrial valves. It has invested around USD 78.61 million of the total investment for the expansion of its operations in India. Metso Corporation recently acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited (RMEPL), by acquiring all shares of RMEBS controls Pvt. Ltd. (India). With this move, Metso plans to strengthen its valve network and increase its presence in new industries and application areas. About 20% sales of Metso Corporation come from Metso India, and for the last 4 years, the company has been witnessing a 50% rise in sales. The company is also establishing a new foundry in Vadodara, having the capacity to produce20,000 tonnes, and increasing the mineral equipment capacity of the Metso Park in Alwar, by 35%.

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Topics: Semiconductor and Electronics, industrial valves market

Waymo set to create a buzz in the automotive sensors business with the launch of laser-mapping sensors (LiDAR)

Posted by MarketsandMarkets on Mar 11, 2019 5:07:22 PM

On 6th March 2019, Waymo announced its entry in the automotive sensors market with the selling of laser-mapping sensors (LiDAR) to other companies. Waymo uses the same sensors in its driverless vehicles. As Waymo has a strong presence in self-driving cars, the move to foray in the LiDAR market can prove to be an effective business strategy for the company. The new sensor division will compete with Velodyne Lidar Inc, a leading player in the automotive LiDAR market.

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Topics: Automotive and Transportation, LiDAR for Automotive

BASF Fungicide “Revysol” Approved for Use in the European Market

Posted by MarketsandMarkets on Mar 8, 2019 6:35:42 PM

BASF, one of the largest chemical manufacturers, got approval for the fungicide, Revysol, for improved farm management. Revysol is the first isopropanol-azole that has been approved to be used in the European market. Revysol would be used for cereal crops, and the first usage of Revysol in cereal crops is expected by 2019–2020. Its usage would help the farmers in managing their farm more efficiently and in reducing weather-related risks. It also delivers higher and more consistent yields, which would maximize the income of the farmers.

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Topics: Food and Beverage, biopesticides, BASF, Revysol

Boeing Unveils a New Unmanned Aircraft “Boeing Airpower Teaming System” in Australia

Posted by MarketsandMarkets on Mar 4, 2019 5:41:58 PM

Boeing introduced the Boeing Airpower Teaming System, a new unmanned system which will be designed and developed by Boeing Australia with investment from the Australian Department of Defence. The unmanned aircraft model was introduced at the Australian International Airshow by the Australian Minister of Defence, Mr. Christopher Pyne. Boeing (US) and the Australian government will manufacture and demonstrate the concept aircraft. The prototype aircraft will offer major findings and insights for the development and production of Boeing Airpower Teaming System. The prototype, named Loyal Wingman, is Boeing’s biggest investment in new unmanned aircraft program outside of the US. According to Boeing, the aircraft will be integrated with advanced sensors to perform electronic warfare, intelligence, surveillance, and reconnaissance missions. The aircraft will be enabled with artificial intelligence capability to fly alongside piloted aircraft during missions.

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Topics: Aerospace and Defence, Boeing, Boeing Airpower Teaming System

Total Eren Strengthens Its Renewable Energy Foothold In South Europe

Posted by MarketsandMarkets on Mar 1, 2019 6:37:02 PM

French renewable energy company Total Eren has agreed to buy Novenergia Holding Company, a Renewable power producer, in a deal worth more than 1 billion euros. Considering Total Eren’s presence in France, Greece, and Italy, it is evident that with this deal they are gifted with a massive opportunity of expanding their presence in almost the entire Southern Europe.

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Topics: Energy and Power, renewable energy

Daimler launches eXtollo: A Microsoft Azure-based platform for data-driven innovation

Posted by MarketsandMarkets on Mar 1, 2019 5:17:43 PM

Daimler announced that it had partnered with Microsoft to successfully move its on-premises big data platform to Microsoft’s Azure cloud. The new platform “eXtollo” will be Daimler’s first major service to run on the cloud.

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Topics: Information and Communications Technology, Platform as a Service market

“TDK Corporation’s (Japan) subsidiary, TDK-Lambda, a leading company involved in designing and manufacturing of switching power supplies and peripherals, acquired Nextys (Switzerland)”

Posted by MarketsandMarkets on Mar 1, 2019 4:23:01 PM

On January 9, 2019, TDK-Lambda (Japan) completed the acquisition of Nextys, headquartered in Switzerland. This acquisition is expected to enhance the DIN rail power supplies and accessories portfolio of TDK-Lambda. Nextys, a company involved in designing and manufacturing of DIN rail power supplies and accessories that already compliments the TDK-Lambda’s solution. With the integration of Nextys power supplies and expertise, TDK-Lambda will be able to offer its products in the market such as medical equipment, semiconductor-manufacturing equipment, and renewable energy equipment, and further improving the bottom-line of its core customers.

Analysis by MarketsandMarkets™:

According to Ashish Mishra Associate Manager: Semiconductor and Electronics at MarketsandMarkets™ shares his point of view as mentioned below:

The inclusion of Nextys’ innovative products/solutions for DIN rail powered equipment to the portfolio of TDK-Lambda, the leading market player in industrial power supplies, will consolidate the prospect of development business for both players. As DIN rail power supply market is growing much faster than many other segments and the specialist expertise of the Nextys will enhance TDK-Lambda’s position as market leader in the power supplies segment. The acquisition of Nextys’ by TDK-Lambda will further strengthen its capabilities into the power supply market.

Power Supply Market:
A power supply is a device that accepts an AC power input, rectifies and filters it and then applies the resulting DC voltage to a regulator circuit that provides a constant DC output voltage. There are wide varieties of AC-DC and DC-DC power supplies that can have an output voltage from less than 1 V to thousands of volts and output power ranging from 0.1 W to thousands of watts. AC-DC and DC-DC power supply applications from verticals such as lighting, industrial, consumer electronics, and medical are driving the power supply market by integrating it in various devices such as street lighting, home lighting, wearable bands, smartphones, and patient-monitoring devices. The power supply market is estimated to grow from USD 25.00 billion in 2017 to USD 34.92 Billion by 2023, at a CAGR of 6.7% from 2018 to 2023.

Source: MarketsandMarkets™ Analysis

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Topics: Semiconductor and Electronics, power supply market

Dupont Nutrition and Health (Us) Enters into An Agreement with Lonza Specialty Ingredients (Switzerland) to Manufacture and Supply Care4u 2’-Fl

Posted by MarketsandMarkets on Mar 1, 2019 3:38:07 PM

Care4u 2’-FL is a human milk oligosaccharide (HMO). HMOs are the third-most-abundant solid component of breast milk that promote infant health by supporting digestion, building immunity, and cognitive development through changes to the microbiome. Commercially produced HMOs such as CARE4u can provide some of the health benefits of the HMOs present in human milk, helping to close an important gap between human milk and infant formula.

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Topics: Food and Beverage, infant formula ingredients market

Lyft beats Uber to be the first Ride sharing company to go public

Posted by MarketsandMarkets on Feb 28, 2019 6:20:01 PM

Lyft’s recent announcement to introduce its IPO or initial public offering is likely to help the company gain an edge over its major competitor Uber. Lyft is estimated to go public with a valuation of USD 25 billion compared to a USD 120 billion valuation of Uber. With this development, Lyft will become the first mobility startup to go public.  

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Topics: Automotive and Transportation, ride sharing market, ride hailing services

NSW Labor pledges state-owned renewable energy company to power three million homes and to cut down the state’s carbon emissions

Posted by MarketsandMarkets on Feb 21, 2019 4:00:22 PM

The New South Wales Labor party leader Michael Daley has announced that an NSW Labor government, if elected, would help supply half a million new solar systems on NSW roofs,  establish a new state-owned power company to deliver a further one gigawatt of renewable energy and storage, and deliver seven gigawatts of extra renewable energy by 2030. This will help power about three million households and cut down the state’s carbon emissions by 12%.

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Topics: Energy and Power, smart solar market, smart solar solutions

Banco Santander S.A. has Signed a Five-year Global Technology Agreement with IBM for the Faster and Deeper Digital Transformation of its Business Processes

Posted by MarketsandMarkets on Feb 20, 2019 5:40:07 PM

Banco Santander S.A. has signed a five-year global technology agreement with IBM for the faster and deeper digital transformation of its business processes.

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Topics: Information and Communications Technology, digital transformation, bfsi

Marrone Bio Innovations Receive Patent Approval for Antifungal Bacterium

Posted by MarketsandMarkets on Feb 20, 2019 3:17:45 PM

Marrone Bio Innovations, a developer and producer of biological crop protection solutions, received patent approval from the United States Patent and Trademark Office on 13th February 2019 for its MBI-110 Bacterium, which is designated as an antifungal and growth promotion composition.

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Topics: Agriculture Industry, biopesticides market, Antifungal Bacterium, MBI-110 Bacterium

Tesla makes CCS adapter standard for their model S and X vehicles in Europe

Posted by MarketsandMarkets on Feb 20, 2019 12:47:11 PM

Recently, Tesla announced that they will include CCS adapter also in their Model S and X vehicles delivered in Europe, which implies that the buyers of a new Tesla EV in Europe will have access to the Tesla Superchargers as well CCS fast chargers. It should also be noted that, in November 2018, Tesla declared that Model 3 vehicles rolled out in the European market would come with a CCS combo 2 charge port. This will be a great boost for the exponential growth of the CCS EV connector market in the coming years.

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Topics: Automotive and Transportation, EV connector market

Airbus to Take Major Step Forward in Digital Transformation in Collaboration with Dassault Systèmes

Posted by MarketsandMarkets on Feb 19, 2019 4:43:41 PM

In February 2019, Airbus and Dassault Systèmes (Paris) signed a five-year Memorandum of Agreement (MOA) to work together on 3D design, engineering, manufacturing, simulation, and intelligence applications. This will enable Airbus to take a major step towards digital transformation and create a base for a new European industrial ecosystem in aviation.

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Topics: Information and Communications Technology, digital transformation market, artificial intelligence in aviation market

Increasing Instances of Vehicle Recalls Have Boosted Demand for TIC Services in Automotive Industry

Posted by MarketsandMarkets on Feb 15, 2019 6:00:52 PM

What had initially started as a limited recall of cars in early 2013 by the key automotive manufacturers across the globe eventually became a global phenomenon until 2019. During early 2013, about 3.6 million vehicles were recalled due to the defective airbags manufactured by the Japanese Conglomerate named Takata Corporation, now Key Saftey Systems (China), led Takata to bankruptcy and eventually acquisition by a Chinese company that develops and manufactures automotive safety systems.

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Topics: Automotive and Transportation, Semiconductor and Electronics, TIC Services, Automotive TIC market

Integrated MRI-RT Systems Making Their Way in the Field Of Image-Guided Radiotherapy

Posted by MarketsandMarkets on Feb 14, 2019 5:02:31 PM

Integrated MRI-RT platforms offer precise and effective visualization of patient’s anatomical and physiological changes; that results in greater procedural accuracy and improved therapeutic outcome

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Topics: Medical Devices, Radiotherapy Market, MRI-RT Systems

A renaissance in the clean energy space

Posted by MarketsandMarkets on Feb 12, 2019 3:22:00 PM

The power generation sector is one of the important industrial sectors which contribute to the increasing carbon foot print. When it comes to power generation, the trend is shifting from non-renewable sources of energy such as coal and crude oil toward more clean and renewable sources such as wind and solar power and many others that are at nascent stage, but likely to gravitate towards commercialization. Recent developments including a major utility holding company in the U.S., viz. Xcel Energy, to phase out all its power generation assets that use non-renewable sources and committment to becoming a 100% clean energy producer has raised eyebrows. Apart from aiming toward 100% clean generation,  there is also an increasing focus toward the use of energy efficient technologies, such as battery storage (using non-lithium ion batteries), distributed generation, electric grid modernization and advanced nuclear reactors along with hydrogen, sunlight to fuels, smart cities, biological sequestration and advanced manufacturing technologies, being the top priority clean energy innovation areas, ushering in a new era of clean energy 2.0.

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Topics: Energy and Power, battery energy storage systems, advanced energy storage systems market

Microsoft Acquires AI Startup Lobe to Provide Easy Access to AI Development Capabilities

Posted by MarketsandMarkets on Feb 8, 2019 3:31:44 PM

AI giant, Microsoft (Washington, US) recently acquired the California-based, AI startup, Lobe Artificial Intelligence, Inc. With the increasing integration of AI technologies within various application across major industry verticals, there is rising demand for effective ways that will help users to integrate AI capabilities easily and effectively. This acquisition would enable Microsoft to strengthen its imperatives of putting simple and effective AI development into the hands of non-engineers and non-experts.

Lobe, a startup focusing on providing an easy-to-use visual tool that allows developers to build custom deep learning models, which would help in providing quick training to the models/algorithm and export it to app without writing any code. Lobe’s simple visual user interface enables users to effortlessly create intelligent apps that can understand hand gestures, hear music, read handwriting, and more.
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Topics: Information and Communications Technology, Artificial Intelligence as a Service

Airbus Exploring Quantum Computing Technology for Aerospace Industry

Posted by MarketsandMarkets on Feb 8, 2019 3:01:14 PM

On January 22, 2019, Airbus launched a quantum computing challenge that will the help company explore the technology that can transform the aircraft lifecycle. The possibilities of using quantum computing will help improve the overall efficiency of the aerospace industry.

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Topics: Semiconductor and Electronics, quantum computing

Automotive cyber security solutions steal the show at CES 2019

Posted by MarketsandMarkets on Feb 6, 2019 7:48:02 PM

Consumer Electronics Show (CES) is a huge annual trade show for technology enthusiasts across various sectors. CES 2019, held at Las Vegas in January, showcased modern and disruptive technologies in different sectors. A key attraction at CES 2019 for the automotive industry was the demonstration of various automotive cyber security-related products and technologies. Companies such as Karamba Security, SafeRide Technologies, Trillium Secure, ZeroDayGuard, and Upstream Security showcased their automotive cyber security solutions. Upstream Security introduced a program that can provide protection inside and outside vehicles. It also enables transformational technologies under development. SafeRide Technologies launched vXRay, a behavioral profiling and anomaly detection technology for connected vehicles’ Security Operation Centers (SOC). It can be seamlessly integrated into customers’ connected vehicles’ SOC independently of vehicle architecture or ECU sourcing. Trillium Secure offered a full-scale experience of its mobility services platform at CES 2019.

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Topics: Automotive and Transportation, Cybersecurity, automotive cybersecurity

Yanmar Launched “Smart” Tractors in Thailand to Increase Market Share in Southeast Asia

Posted by MarketsandMarkets on Feb 6, 2019 6:50:10 PM


Yanmar, one of the major Japanese farm equipment manufacturers, launched two variants of hi-tech tractors in Bangkok, Thailand on January 29, 2019. The two tractor variants—YM357A and YM351A—have engine outputs of 57 hp and 51 hp, respectively; they are fuel-efficient and can be accessed by means of a smartphone. The tractors have the SmartAssist technology, which allows operators to see the machine's operating status, receive error notifications via a smartphone, and provide customer service options in the event of breakdowns. These tractors can work for rice paddies & dry fields and haul loads.

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Topics: Food and Beverage, smart tractors, smart agriculture

Molinos Acquires General Mills’ Refrigerated Dough Business to Set Foot Into The Frozen Food Business

Posted by MarketsandMarkets on Jan 31, 2019 7:09:33 PM

Molinos Río de la Plata, Argentina’s largest branded food products company, acquired La Salteña, a company producing refrigerated doughs and fresh & dry pasta, from General Mills, Inc. for an undisclosed amount. The purchase is scheduled to be closed on the 28th of January, 2019.

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Topics: Food and Beverage, frozen bakery products, frozen food business

IBM Partners with Juniper Networks to Expand Its Reach in the Cloud Market

Posted by MarketsandMarkets on Jan 31, 2019 2:31:59 PM

IBM has entered into an agreement with Juniper Networks (Juniper), a global leader in network technology, to strengthen its cloud portfolio. In January 2019, the global IT behemoth has announced a USD 325-million deal with Juniper to assist in managing application, infrastructure, and IT services. As part of the 7-year deal, IBM will use its IBM Services Platform with Watson to help manage Juniper’s support systems including data centers, help desks, and data and voice networks.

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Topics: Information and Communications Technology, hybrid cloud

Boeing Successfully Completes the First Flight Test for its Autonomous, e-VTOL, Passenger Air Vehicle (PAV)

Posted by MarketsandMarkets on Jan 31, 2019 1:27:39 PM

Boeing NeXt, which leads Boeing’s urban air mobility division, worked together with Boeing subsidiary Aurora Flight Sciences to design and develop the electric Vertical Takeoff and Landing (eVTOL) aircraft.  The company successfully tested the aircraft’s autonomous functions and ground control systems of its autonomous Passenger Air Vehicle (PAV) on 22nd January, 2019.

MarketsandMarkets™ View Point:

The test involved vertical lift off, hover, and landing operations. Boeing has progressed from the design concept to the first flight test within one year and it will be interesting to see how the company progresses to the next stages of flight testing. The next stages will be crucial as they will test the transition from hover to forward flight. The company has a long way to begin, however, this test is a stepping stone towards establishing and commercializing the concept of urban air mobility. Boeing being one of the market leaders in the aviation industry, with its extensive experience and resources, the company is a strong prospect to turn this vision into reality.

According to Vaibhav Dixit - Associate Vice President : Aerospace & Defense, at MarketsandMarkets™, The passenger air vehicle is suitable for urban city commute. The all electric engine will help in reducing the carbon footprint and the VTOL technology will support the take-off and landing almost anywhere with greater flexibility. Assuming the favorable regulatory framework, infrastructure development, technology advancements in terms of battery capability and power to weight ratio, and social acceptance, the autonomous passenger air vehicle is expected to be commercialized by 2023.

Impact on Market

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Topics: Aerospace and Defence, Boeing, e-VTOL, Passenger Air Vehicle, Autonomous

OLED, LCD (QLED), MICRO-LED: Which Display Technology Will Pave The Way For 8k Televisions And Signage Solutions?

Posted by MarketsandMarkets on Jan 30, 2019 5:54:45 PM

Event: LG Display unveiled technologically advanced 8K OLED TV at CES 2019
On January 8, 2019, LG Display, one of the leading providers of large OLED displays, introduced a technologically advanced OLED TV with a massive 88-inch display screen and 8K resolution. The company, to strengthen its position in the display industry, is focusing on developing technologically advanced OLED display panels, primarily used for TVs. The OLED TV has advanced features such as superior picture and sound quality, a powerful processor that automatically upscales non-8K content using AI algorithms, wide-viewing angles with no image distortion irrespective of the viewing angle, and advanced 3.2.2-embedded sound system that analyzes sound source to improve and enhance sound effects. AI elements in this OLED TV provide the viewer with the most realistic experience, with improved sound quality, sharp images, and minimal blur.

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Topics: Semiconductor and Electronics, display market, digital signage market

Digital Simulation as a panacea for the Utilities Industry

Posted by MarketsandMarkets on Jan 30, 2019 4:44:13 PM

In this generation, most of the utilities are under increasing pressure for quality, reliability and security and the equivalent cost of the power that they supply to their valued customers. Real time digital simulators are an intrinsic tool for utilities in this volatile environment. Through these Digital Twins or replicas, utilities’ companies can run simulations of their equipment, and mine data and insights of these simulations. This is one of the white spaces wherein the companies can move beyond predictive maintenance and AI.

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Topics: Energy and Power, utility asset management

Tesla gets nod to deliver Model 3 in Europe

Posted by MarketsandMarkets on Jan 25, 2019 3:54:19 PM

Tesla Motors has announced that it would begin the deliveries of its long-awaited Model 3 Long Range Battery variant in Europe from February 2019. Tesla Model 3 car was initially launched in the US in July 2017. According to Tesla, “Model 3 is the best-selling car in the US in terms of revenue and the 5th best-selling car in terms of volume”. The Model 3 Long-range version delivers 338 miles under the latest Worldwide Harmonised Light Vehicle Test Procedure (WLTP) and goes from 0–62mph in 4.8 seconds. In Europe, Tesla Model 3 will be sold with a Combined Charging System (CCS) charging port, which would help access thousands of third-party fast charging stations across the region. The company has recently seen sales volumes comparable to more established players such as the German trio of Audi, BMW, and Mercedes, despite its much narrower product range.

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Topics: Automotive and Transportation, tesla, high voltage battery market

The Future lies in Predictive for the Energy & Utilities Industry

Posted by MarketsandMarkets on Jan 22, 2019 2:02:35 PM

The oil and gas industry has always been volatile, but with the recent decline in oil prices and cuts in spending, companies are exploring new vistas to improve efficiencies, performance, safety and take risk mitigation measures, at the same time optimize production. In the Utilities Industry as well, dynamic fordecasting & load management, operational efficiency augmentation, increasing government initiatives for AMI accentuate demand for predictive analytics, with highly advanced data technologies focused around solutions for preventive maintenance and production-related analytics at the core.
MarketsandMarkets™ View Point:

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Topics: Energy and Power, Predictive Analytics, Energy and Utility Analytics

FADEC Alliance signs agreement with Lufthansa Technik to provide FADEC availability services for leap engines globally.

Posted by MarketsandMarkets on Jan 22, 2019 12:29:26 PM

In Jan 2019, FADEC Alliance signed a 25-year agreement with Lufthansa Technik to provide Full Authority Digital Engine Controls (FADEC) availability services for LEAP engines globally. LEAP engines are high by-pass turbofan engines which are highly reliable and high performance, enabling 15% lower fuel consumption as well as life cycle maintenance costs in comparison to the best CFM56 engines.

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Topics: Aerospace and Defence, aircraft engine market

Top 20 technologies for 2019

Posted by MarketsandMarkets on Jan 18, 2019 7:55:34 PM

Disruptive technologies are going to shape the future, wherein the technology innovation leaders must evolve and embrace changing trends to stay ahead of the competition. It is crucial to anticipate emerging technologies to make informed business decisions and the best plans. 2018 proved to be a catalyst innovation, and this trend is expected to continue in 2019. The industry thought leaders at MarketsandMarkets™ have outlined the Top 20 Technologies that are poised to reshape industries in 2019 and beyond. Although numerous new technologies are emerging and evolving rapidly, these 20 technologies are game changers now and will be for the foreseeable future. They have the potential to be disruptive over the next few years and organizations must proactively understand them for sustainability in a competitive market.

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Topics: top 20 technologies, Disruptive technologies, Knowledge Store

CES 2019: “HTC expanding its Virtual Reality (VR) portfolio with it’s all new VIVE Pro Eye VR headset with eye-tracking technology”

Posted by MarketsandMarkets on Jan 18, 2019 7:41:11 PM

At CES 2019, HTC (Taiwan) launched the eye-tracking technology integrated VIVE Pro Eye Virtual Reality (VR) headset. Eye tracking allows users to navigate within VR apps by just looking at particular icons or places. This was the result of the partnership (signed in October 2018) between Tobii (Sweden) and HTC for developing eye-tracking technology for VR headsets.

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Topics: Semiconductor and Electronics, Eye Tracking Market

Electric Vehicles Market: A Look at the Trends and Prospects

Posted by MarketsandMarkets on Jan 18, 2019 6:15:55 PM

An electric vehicle (EV) uses one or more electric motors for propulsion. The advancements in battery technology have boosted the driving range of electric vehicles. At the global level, the sales of electric vehicles are increasing continuously, and are set to soar higher in the future.

China and the US are considered as the major markets for electric vehicles. The rising demand for electric vehicles in China is expected to help OEMs strengthen their distribution network and footprints in the global market. The country is now all set to explore market opportunities for electric vehicles in the US. In the recent news on 17th Jan 2019, Kandi Technologies Group, Inc. has announced its plans to strengthen its footprint in the US market by providing passenger electric vehicles. Kandi, which started making electric vehicles in 2013, and is hoping to ship two of its models to the US later this year. This is expected to help China become the primary global supplier for OEMs by building a business case to compete with foreign players.

The increasing environmental pollution and the threat of global warming have accentuated the need to replace petroleum-fueled vehicles with emission-free substitutes. After decades of R&D, the industry has found electric vehicles to be the best substitute of traditional-fueled vehicles.

MarketsandMarkets™ Point of View:

Ibrahim Rassiwala – Senior Research Analyst : Chemicals and Materials, at MarketsandMarkets™, shares his Point of View as mentioned below:

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Topics: Automotive and Transportation, electric vehicles, automotive industry

Advanced technological solutions and falling costs to bolster prospects in the plant breeding market

Posted by MarketsandMarkets on Jan 18, 2019 5:38:15 PM

According to the National Association of Plant Breeders, “plant breeding is the science-driven creative process of developing new plant varieties that goes by various names, including cultivar development, crop improvement, and seed improvement. Breeding involves the creation of multi-generation, genetically diverse populations on which human selection is practiced to create adapted plants with new combinations of specific desirable traits.”

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Topics: Food and Beverage, Plant Breeding

Check Point Buys Cybersecurity Startup ForceNock to Boost API Protection

Posted by MarketsandMarkets on Jan 18, 2019 4:42:22 PM

Cybersecurity pioneer, Check Point Software (California, US) recently acquired the Israel-based, web application security startup, ForceNock Security Ltd. There is growing usage of platforms built on cloud, network, mobile, endpoint, and IoT and they require compatible and easily accessible solutions that can run on any platform. This acquisition would enable Check Point to provide high-end security to its customers and strengthen its machine learning protection capabilities.

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Topics: Information and Communications Technology, Cybersecurity, ForceNock, Cognitive Security, API Protection

Volkswagen to invest USD 800 million in the production of electric vehicles

Posted by MarketsandMarkets on Jan 17, 2019 6:31:46 PM

Recently, Volkswagen announced its plan to increase investments in electric vehicles in the US. As part of the plan, Volkswagen will invest USD 800 million in the production of electric vehicles at its plant in Chattanooga and Tennessee. Additionally, the company stated that electric vehicle production would begin in 2022 and it is looking to manufacture luxury Audi vehicles in the US. Moreover, Volkswagen has plans to add electric vehicle production facilities in Germany by the end of 2019.

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Topics: Automotive and Transportation, Volkswagen, electric vehicle market

NextEra Expands its Reach to Southern U.S.

Posted by MarketsandMarkets on Jan 10, 2019 12:09:13 PM

NextEra Energy on 3rd Jan 2019 completed its $5.75 billion acquisition of Gulf Power. NextEra paid USD 4.35 billion in cash and assumed USD 1.4 billion in debt to acquire Gulf Power, according to a filing with the U.S. Securities and Exchange Commission. NextEra already owns Florida Power & Light, the state's largest utility with nearly 5 million customers. As per company officials, with an eye on the future, the deal is likely to pave the way for extending to Gulf Power's customers NextEra’s best-in-class value legacy of low bills, clean energy, high reliability and outstanding customer service.

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Topics: Energy and Power, Distributed Generation market

Increasing usage of Cannabis for Recreational Purposes is expected to be driving the growth of Cannabis

Posted by MarketsandMarkets on Jan 9, 2019 7:57:52 PM

Cannabis is a drug derived from cannabis sativa, cannabis indica, and hybrid strains. Although cannabis is composed of different cannabinoids, the two main cannabinoids that are considered to be the most active compounds are tetrahydrocannabinol (THC), the psychoactive compound, and cannabidiol (CBD), the non-psychoactive compound.

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Topics: Food and Beverage, cannabis

Tesla setting up a New Factory in China is expected to Increase the Demand for Lithium-ion Battery, infusing the growth of Battery Packaging Market

Posted by MarketsandMarkets on Jan 9, 2019 7:45:23 PM

“Tesla is setting up a new factory in China to expand its market share in this geography, with the promotion of model 3 and model y in this market. This is expected to increase the demand for lithium-ion battery, which would infuse growth in the Battery Packaging market.

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Topics: Chemicals, tesla, sustainable energy market, battery packaging market, lithium-ion battery

Innovations and technological development in the space of self-driving vehicle to boost the requirement of Automotive Software

Posted by MarketsandMarkets on Jan 9, 2019 5:33:11 PM

The launch of a self-driving vehicle has become a decisive focal point of automotive stakeholders. They have invested billions of dollars and put their best resources for completing the task of making autonomous cars a reality. Currently, a vehicle is equipped with a variety of electronic components and advanced driver assistance systems (ADAS) to sense the environment around it and exchange signals with entities outside it. The entire process of communication with external entities requires a huge amount of data that is generated and used to implement machine learning with algorithms in the computer system of the vehicle. This is how OEMs and automotive Tier I suppliers along with non-automotive players plan to make autonomous vehicles a reality. Hence, reliable automotive software is the ultimate key to implementing AI and develop semi-autonomous and autonomous cars.

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Topics: Automotive and Transportation, automotive software

Rolls-Royce to Build the World’s Fastest All-electric Aircraft by 2020

Posted by MarketsandMarkets on Jan 9, 2019 4:09:17 PM

In a move that could change the way aircraft fly, Rolls-Royce, in January 2019, announced the development of the world’s fastest zero-emission all-electric aircraft by 2020. This green aircraft will be developed under the initiative “Accelerating the Electrification of Flight (ACCEL),” which involves players, such as Rolls-Royce, the Aerospace Technology Institute, YASA, an electric motor manufacturer, and Electroflight, an aviation start-up, and is partially supported by the UK government. Rolls-Royce, in its ambitious project, is aiming to reach 300+ mph and is expected to break the record of 210 mph among all-electric airplanes set by the Siemens airplane in 2017.

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Topics: Aerospace and Defence, aircraft market

“Raven Industries (US), a leading technology company offering innovative solutions to the precision agriculture industry, completed the acquisition of AgSync, Inc. (US)”

Posted by MarketsandMarkets on Jan 8, 2019 6:07:57 PM

On January 2, 2018, Raven Industries (US) completed the acquisition of AgSync, Inc., headquartered in Indiana, US. This acquisition is expected to enhance the Slingshot platform of Raven Industries by delivering a seamless logistics solution for agriculture retailers, custom applicators, and enterprise farms. AgSync, an ag logistics software company, has expertise in precision agriculture logistic management that already compliments the Raven Slingshot solution. With the integration of AgSync’s systems and expertise, Raven Industries will be able to offer an end-to-end logistics solution in the market, improving the bottom-line of its core customers.

Analysis by MarketsandMarkets™:

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Topics: Semiconductor and Electronics, Precision Farming Market, inventory management market

McAfee teams up with Verizon to secure connected IoT devices for homes

Posted by MarketsandMarkets on Jan 8, 2019 4:12:54 PM

Cybersecurity pioneer, McAfee recently collaborated with Verizon to secure connected Internet of Things (IoT) devices throughout a home network with Verizon’s Home Network Protection (HNP). HNP is a service on Verizon’s Fios Quantum Gateway Router that automatically protects all connected devices in a home network, such as smart thermostats and smart refrigerators. This McAfee-powered solution would provide Verizon Fios customers seamless control, security from malicious websites, advanced parental controls, and user authorization and authentication.

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Topics: Information and Communications Technology, Smart Home Market, Cybersecurity, Home Network Protection, Internet of Things, IoT devices

UAE’s USD 272 Billion Investment Towards Upgrading Its Aviation Sector

Posted by MarketsandMarkets on Jan 3, 2019 6:18:06 PM

The Middle East is the world’s dynamic region when it comes to the rapid development of its resources, infrastructure, and growing its demand to the world. Once entirely dependent on the oil & gas sector, it is now home for the world’s third busiest airport with no signs of slowing down.  As per IATA, the Middle East is expected to experience robust growth at 5% with an increase in 322 million passengers a year on routes to, from, and within the region by 2036. To cater this exponential demand, the Middle East needs to overcome the fragmented airspace structure and with efficient infrastructure.

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Topics: Aerospace and Defence, FIGURE 2 UAE AIR TRAFFIC FORECAST, air traffic management market

The power of open smart city platform for increased efficiency

Posted by MarketsandMarkets on Jan 2, 2019 1:30:00 PM

On December 21, 2018, German companies SAP and Software AG announced a collaboration for the development of an open smart city platform. The platform will include the capabilities of Internet of Things (IoT), analytics, and Artificial Intelligence (AI), and will help the cities, communities, and administrative districts to design and develop their own network and intelligent services. The platform has been developed in accordance with the standards of the European Union’s Open Urban Platform initiative. The collaborative use of the open platform will ensure better data control and efficiency.

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Topics: Information and Communications Technology, smart cities, Smart Cities Market

Smart Speakers to Present Growth Opportunities in the Smart Home Market

Posted by MarketsandMarkets on Jan 2, 2019 12:58:49 PM

"Honor YOYO AI smart speaker launched in China - Resetting the smart speaker space"

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Topics: Information and Communications Technology, Smart Home Market, Smart Speakers, smart home ecosystem, smart speaker market

Varroc Group to develop product for BS-VI emission standards

Posted by MarketsandMarkets on Jan 2, 2019 12:31:15 PM

Varroc Group made an announcement to invest in the development of electronic fuel injection (EFI) system which are complaint with the upcoming Bharat Stage (BS) VI standard for two wheelers and three wheelers. To reap the market benefits based on the upcoming regulation, Varroc entered into a joint venture with Dellorto, an Italian company, for producing EFI systems and has already won a business contract from a key two-wheeler manufacturer in India. Further, it also plans to produce catalysts in partnership with Heraeus (Germany) to withstand the BS-VI requirements. These catalysts would be offered to the company’s key client—Bajaj—and some other Indian two wheeler manufacturers in the coming future.

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Topics: Automotive and Transportation, automotive emission standards, electronic fuel injection system, BS VI, three wheelers segments, two wheelers segments

Paints & Coatings Market Is Moving Toward Consolidation

Posted by MarketsandMarkets on Dec 29, 2018 4:57:23 PM

Paint is any liquid mixture that converts into solid film after it is applied to a surface in a thin layer. A coating is a covering that is applied to a surface for decorative and protective purposes. It includes all organic and inorganic coatings such as enamels, varnishes, emulsions, and bituminous coatings. The word “coating” may be used broadly to refer to any colored or clear product, and the word “paint” is used to describe a pigmented product with an organic or inorganic binder.

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Topics: Chemicals, Paints & Coatings Market, paints and coatings, automotive OEM & refinish coating industry

Blockchain In Agriculture Market (And Food Supply Chain)

Posted by MarketsandMarkets on Dec 29, 2018 4:17:43 PM

Nagesh Manepalli - Head of Research : Food, Beverage, Animal Nutrition & Agriculture, at MarketsandMarkets™, shares his Point of View. Blockchain has been acknowledged as a disruptive technology in terms of compliance, traceability and fraud control. The developments in the recent past reflects the advancements in blockchain technology with wide adoption in food and agriculture supply chain:

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Topics: Agriculture Industry, Blockchain In Agriculture, Blockchain, Food Supply Chain

3M To Acquire M*MODAL'S Technology Assets

Posted by MarketsandMarkets on Dec 26, 2018 5:05:32 PM

Rajiv Kalia - Associate Vice President : Healthcare Research, at MarketsandMarkets™, shares his Point of View as mentioned below:
On December 19, 2018, 3M announced that it had entered into a definitive agreement to acquire the technology business (with an estimated revenue of USD 200 million) of M*Modal for USD 1.0 billion. The acquisition is aimed to improve the capabilities of the revenue cycle management and population health management platforms offered by 3M. The acquisition will help 3M to further enhance clinical documentation workflows for physicians and enable them to focus on core tasks of care delivery by incorporating M*Modal’s cloud-based conversational AI solutions into existing product offerings.

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Topics: Healthcare IT, revenue cycle management market, RCM solutions

Engineering Plastics – Driven by factors such as metal replacement and new technological adaptions mainly in transportation and consumer electronics applications

Posted by MarketsandMarkets on Dec 20, 2018 7:18:34 PM

The term engineering plastics usually refers to thermoplastic materials (polymers that are pliable or moldable above a specific temperature, and upon cooling gets back to a solid state) rather than thermosetting ones (polymers that are irreversibly cured).

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Topics: Chemicals, Engineering Plastics Market, engineering plastics

Unleashing the Power of the Satellites for Enhanced Grid Efficiencies

Posted by MarketsandMarkets on Dec 20, 2018 6:20:43 PM

On 17th December 2018, India Energy Storage Alliance (IESA) and European Space Agency (ESA) jointly announced that they are studying the feasibility and the commercial viability of using data from satellites for the monitoring of power grids and for supporting the development and management of microgrids and utility operations. Potential areas of opportunity identified include asset management, two‐way communication between smart meters and grid operators, prediction of consumption or generation peaks, development of Internet of Things (IoT) services, and the enhancement of virtual power plants. IESA is collaborating with ESA and European TSOs and DSOs to promote microgrids, electric vehicles, and energy storage technologies.

MarketsandMarkets™ View Point:

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Topics: Energy and Power, microgrid market, Utility Asset Management Market

Boeing and Embraer approve terms of the strategic joint venture for commercial aviation; waiting for the Brazilian Government approval

Posted by MarketsandMarkets on Dec 20, 2018 5:58:08 PM

Boeing is expected to further expand its business aviation segment with the strategic joint venture with Embraer - one of the major business jets and light jets manufacturers.

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Topics: Aerospace and Defence, Boeing, Embraer, commercial aircraft manufacturer, aviation market, aerospace market

Guardant Health and AstraZeneca to develop companion diagnostics (CDx) and liquid biopsy tests

Posted by MarketsandMarkets on Dec 19, 2018 6:13:11 PM

On Dec 13, 2018 AstraZeneca, a global research based biopharmaceutical company, partnered with Guardant Health (US) for the development of CDx tests to commercialize AstraZeneca’s oncology portfolio including Tagrisso and Imfinzi. The CDx test is based on liquid biopsy platform supported by Guardant’s proprietary Digital Sequencing technology.

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Topics: Medical Devices, blood-based companion diagnostics, cancer therapies, liquid biopsy, healthcare, tumor mutational burden

Indoor Farming Technology ─ Strongly driven by factors such as Limited Urban Space and Higher Water Use Efficiency (WUE) requirements

Posted by MarketsandMarkets on Dec 17, 2018 4:44:32 PM

In the recent past, Indoor farming technology is gaining traction across the world. Moreover, the integration of latest technologies is bolstering the farming technology to move at a faster pace. Advance agricultural science coupled with investment flow is a perfect match to ensure the world is expected to have a new wave towards indoor farming.

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Topics: Agriculture Industry, indoor farming technology market, indoor farming technology

Hyundai Motor Group to increase annual production capacity for fuel cell systems

Posted by MarketsandMarkets on Dec 14, 2018 1:16:02 PM

Recently, Hyundai Motor Group announced “FCEV Vision 2030” plan to extend its support for the development of a hydrogen society. As part of the plan, Hyundai and Kia would increase their annual production capacity for fuel cell systems from 3,000 units at present to 700,000 units by 2030. The increased production would include 500,000 units for passenger cars and commercial vehicles, while the remaining 200,000 units are planned for other applications. The automaker also plans to supply its fuel cell systems to manufacturers of automobiles, drones, vessels, rolling stocks, and forklifts.  

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Topics: Automotive and Transportation, Automotive Fuel Cell, Automotive Fuel Cell Market

Neuromorphic Computing could play a major role in Artificial Intelligence : A recent study by Applied Brain Research

Posted by MarketsandMarkets on Dec 13, 2018 6:22:35 PM

On 6th December 2018, Applied Brain Research Inc. (Canada), a neuromorphic computing software developing company, released the results of a study that evaluated the performance of their Nengo Deep Learning Toolkit, running an audio keyword spotting deep learning network on Intel's Loihi neuromorphic research chip and compared the energy efficiency to traditional hardware.
 
The benchmarking results show that Nengo DL on Intel Loihi uses 38x less energy per inference than an architecturally identical network running on an NVIDIA Quadro K4000 GPU. The study also compared the dynamic energy cost per inference performance of the same deep network on several other platforms. In each case, the Nengo DL on Loihi network consumed significantly less power. In comparison, the NVIDIA Jetson TX1 edge GPU consumed 7.3x more energy, the Intel Xeon E5-2630 CPU consumed 8.2x more energy, and the Movidius Neural Compute Stick consumed 1.9x more energy.

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Topics: Semiconductor and Electronics, Artificial Intelligence, Neuromorphic Computing

SAP to Acquire SaaS-based CEM Provider Qualtrics for USD 8 Billion in All Cash Deal

Posted by MarketsandMarkets on Dec 11, 2018 5:37:58 PM

Amidst investor confusion, SAP is expected to further expand its CRM business with the acquisition of Qualtrics - one of the major Customer Experience Management solution providers.

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Topics: Information and Communications Technology

Acquisition of IBM’s Select Assets: Power Fuel for HCL’s Transformation?

Posted by MarketsandMarkets on Dec 8, 2018 7:01:19 PM

The Technology Industry is witnessing a major transformation especially among its established players. Fear of unknown adjacencies and urgency to leverage on known ones is driving the technology leaders’ adaptation to changes.

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Illumina to acquire Pacific Biosciences for approximately USD 1.2 billion, accelerating genomic discovery

Posted by MarketsandMarkets on Dec 6, 2018 11:39:21 AM

Illumina is expected to acquire Pacific Biosciences (PacBio) for approximately USD 1.2 billion (at a rate of USD 8 per share). This will combine Illumina’s short-read technologies with PacBio’s long-read sequencing technologies to address complex genomic applications and accelerate genomic discovery in a cost-effective manner.

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Topics: Biotechnology

IBM to Acquire Red Hat - Resetting the Cloud Landscape

Posted by MarketsandMarkets on Dec 5, 2018 10:46:40 AM

IBM signed a deal to acquire Red Hat, a major distributor of open-source software and technology, for an eye-popping USD 34 billion, on October 28, 2018. The open source, enterprise software maker will become a unit of IBM's Hybrid Cloud division. The acquisition is so far IBM's largest deal ever and the third largest in the history of US tech.

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