“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.
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.
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.
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™:
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.
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.
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.
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.
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.