Video Analytics: Focus Your Attention Where It Matters Most...!!

 

According to a new market research report titled, ‘Video Analytics Market by Component (Software & Services), Application (Facial Recognition, People Counting, ANPR, Video Telematics), End-use Industry (BFSI, Education, Healthcare, Retail, Manufacturing, Government)—Global Forecast to 2029,’ the video analytics market is expected to reach $19.3 billion by 2029 at a CAGR of 21% during the forecast period 2022­–2029.

The key function of video analytics is to automatically recognize temporal and spatial events in videos. Video analytics software are used to review the surveillance videos recorded with a video surveillance system. Video analytics surveillance system is highly efficient; it reduces the workload on security & management staff and helps capture the full value of security video by making IP camera systems more perceptive at work.

The growth of the video analytics market is primarily d riven by factors such as the growing implementation of video analytics in surveillance across different end-use industries, including banking, financial services, and insurance (BFSI), education, healthcare, retail, transportation, and manufacturing. In addition, the technological advancement in deep learning, artificial intelligence & edge computing has led to an improvement in the efficiency & accuracy of video analytics, further boosting the demand for this market.

The Impact of COVID-19 on the Video Analytics Market

In the first quarter of 2020, the world was hit by the COVID-19 pandemic. The spread of COVID-19 disease has had an unprecedented impact on public health and industrial structures, accelerating social reforms in several areas. Though the macro challenges, such as disrupted supply chains, decentralized workforce, and the provision of safe and healthy employee workspaces, were different in past recessions, the market players had to deal with these monumental challenges.

COVID-19 disease has severely impacted almost all major industries, including education, logistics & supply chain, healthcare, BFSI, retail, and manufacturing. In the second quarter of 2020, the COVID-19 pandemic spread to almost all parts of the world, forcing the governments to impose restrictions on all economic and social activities. Several governments have started adopting video analytics to monitor the situation and keep the public safe. The video analytics software are in high demand due to factors such as facial recognition, crowd management, people counting, and intrusion & access control. The adoption of video analytics has radically helped the local governments keep the spread of the virus to a minimum. This has further boosted the global demand for video analytics software.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=7274?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

In March 2021, Honeywell International, Inc. (U.S.) announced that it is working with San Diego International Airport (SAN)'s accelerator program, the Airport Innovation Lab, to test the use of advanced video analytics technology to enhance airport health and safety. Using deep-learning, artificial intelligence, and video analytics, the Honeywell Pro-Watch Video Management System (VMS) uses cameras to identify if the airport's occupants are complying with guidelines around social distancing and wearing masks. Under the recommended operating conditions, the advanced analytics provides an industry-leading level of accuracy, isolates, and reports instances of non-compliance to the airport staff.

The video analytics market is segmented based on component (software and services), deployment mode (cloud and on-premise), application (facial recognition, intrusion, & access control, object & pattern detection, people counting, crowding & flow management, automatic number plate recognition (ANPR) system, video telematics, and vehicle counting), end-use industry (BFSI, education, aerospace and defense, healthcare, manufacturing, retail, automotive, transportation & logistics, government, agriculture, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.

Based on component, in 2022, the software segment is estimated to account for the largest share of the video analytics market. The large market share of the segment can be attributed to the growing adoption of video analytics software by various end-use industries. However, the services segment is expected to grow at the highest CAGR during the forecast period due to the growing demand for managed & professional services.

Quick Buy- https://www.meticulousresearch.com/Checkout/74534023?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Based on deployment mode, in 2022, the cloud-based segment is estimated to account for the largest share of the video analytics market. The high growth of this segment is attributed to the benefits offered by cloud-based systems such as flexibility, quick & easy global real-time data access, scalability as per user demand, and technology upgradation with the latest firewall.

Based on application, the people counting segment is estimated to account for the largest share of the video analytics market in 2022. During the COVID-19 pandemic, end-use industries such as healthcare, BFSI, education, retail, and governments widely adopted video analytics for people counting. It helps these industries maintain social distancing, safeguard premises, and monitor crowd density at their places. However, the video telematics segment is expected to grow at the highest CAGR during the forecast period.

Based on end-use industry, in 2022, the BFSI segment is expected to account for the largest market share. The BFSI sector has adopted video analytics for security & surveillance of banks, surveillance of premises, face & mask detection, and monitoring of people's behavior in banks. However, the healthcare segment is expected to become the fastest growing market during the forecast period. The growing need for surveillance of hospital premises, maintaining social distancing, and keeping hospital premises safe are the major driving factors for the fast growth of this segment.

Based on geography, in 2022, North America is projected to account for the largest share of the market. This can be attributed to the increased adoption of video analytics in various end-use industries, such as healthcare, BFSI, manufacturing, and education. These industries have adopted video analytics to monitor their workforce effectively during the pandemic. However, the Asia-Pacific region is projected to have the fastest-growing CAGR during the forecast period due to the rapid adoption of emerging technologies in their planned smart city projects. Also, the healthcare, education, and manufacturing sectors are widely adopting video analytics to improve their efficiency and performance.

The report also includes an extensive assessment of the key strategic developments by leading market players over the past four years (2019–2022). The video analytics market has witnessed product launches & enhancements that enabled companies to broaden their product portfolios, partner with other key players, sign contracts with other industry players, and acquire SMEs to boost their market presence.

In July 2021, Gorilla Technology Group, Inc. (R.O.C.) partnered with Tekwind (Japan), a leading hardware distributor in Japan, to deliver Gorilla IVAR (an edge AI video analytic platform) and help expand the company’s presence in the country.

The key video analytics software players operating in the market include AllGoVision Technologies Pvt. Ltd. (India), Axis Communications AB (Sweden), Cisco Systems, Inc. (U.S.), Honeywell International, Inc. (U.S.), IBM Corporation (U.S.), IntelliVision (U.S.), Verint Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Gorilla Technology Group, Inc. (R.O.C.), i2v Systems Pvt. Ltd. (India), ADT, Inc. (U.S.), Agent Video Intelligence Ltd. (U.S.), IntuVision, Inc. (U.S.), Avigilon Corporation (Canada), Stanley Convergent Security Solutions, Inc. (U.S.), Eagle Eye Networks (U.S.), and Milestone Systems A/S (Denmark).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/video-analytics-market-5274?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

Scope of the Report:

Video Analytics Market, by Component

• Software
• Central Processing Software
• Edge Processing Software
• Services
• Managed Services
• Professional Services

Video Analytics Market, by Deployment Mode

• Cloud-based
• On-premise

Video Analytics Market, by Application

• Facial Recognition
• Intrusion & Access Control
• Object & Pattern Detection
• People Counting
• Crowding & Flow Management
• Automatic Number Plate Recognition (ANPR) System
• Video Telematics
• Vehicle Counting

Video Analytics Market, by End-use Industry

• BFSI
• Education
• Aerospace & Defense
• Healthcare
• Manufacturing Industry
• Retail
• Automotive, Transportation, and Logistics
• Government
• Agriculture
• Others (Event Management, Hospitality, Entertainment)

Video Analytics Market, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Netherlands
• Rest of Europe (RoE)
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Australia & New Zealand
• Rest of Asia-Pacific (RoAPAC)
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• UAE
• Israel
• Rest of Middle East & Africa (RoMEA)

TOP 10 COMPANIES IN VIDEO ANALYTICS MARKET

 

Related Research

Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End-User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media)—Global Forecast to 2028.

Cloud Analytics Market by Component, Type (Predictive, Prescriptive, Descriptive, Diagnostic), Deployment Mode, Industry Vertical (BFSI, Healthcare, IT, Manufacturing, Media, Retail, Education, Utilities), and Region—Global Forecast to 2028

Retail Analytics Market by Component (Software, Services), Organization Size, and Application (Finance Management, Marketing, Price Optimization, Human Resource Management, Operations Management)– Global Forecast to 2027

Live Streaming Market by Component (Platform, Services), Offering Model (B2B, B2C), Streaming Type (Audio, Video, Game), Vertical (Media & Entertainment, Education, Sports & Gaming, Government, Fitness), and Region - Global Forecast To 2028

English Language Learning Market by Methodology (Offline, Online, Blended Learning), End-User (Individual, Education, Government, Corporate Learners) - Global Forecast to 2027

Live Streaming Trend and Demand in 2023

 

According to a new market research report titled, “Live Streaming Market by Component (Platform, Services), Offering Model (B2B, B2C), Streaming Type (Audio, Video, Game), Vertical (Media & Entertainment, Education, Sports & Gaming, Government, Fitness), and Geography – Global Forecast to 2028,” published by Meticulous Research®, the live streaming market is expected to grow at a CAGR of 22.4% from 2021 to 2028 to reach $4.26 billion by 2028.

The rising popularity of live streaming technology for better brand engagement and reach to consumers, the surging popularity of e-sports and video games, growing preference for live streaming over social posts, and increasing adoption of smartphones coupled with faster internet are expected to drive the growth of the live streaming market.

Additionally, the growing need to optimize network bandwidth and increase the consumer base for live streaming content further contributes to market growth. Furthermore, the incorporation of advanced technologies in the digital media industry is the new trend in the live streaming market. However, fake traffic on live streaming sites is creating new challenges for the overall market growth. Also, connectivity and production issues may restraint the growth of this market in the approaching years to some extent.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5225?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=04-01-2023

Impact of COVID-19 on the Live Streaming Market

The COVID-19 disrupted people’s work lives, fueling significant growth in people seeking live streaming, particularly in emerging markets. The pandemic transformed live video technology into nothing short of a necessity. Healthcare, business continuity, public safety, and mental health all now depend on it. During the pandemic, live streaming was used as a workaround to isolation measures in various ways. Religious services, virtual events, and statewide town halls were all broadcasted over the Internet due to widespread stay-at-home orders. Many of these are just extensions of traditional broadcasts that benefited from the ease of use of live streaming.

Live streaming platforms, such as Zoom, Skype, Amazon Chime, BlueJeans, and Cisco WebEx, were popular in business settings. Google Hangouts, Facetime, and Houseparty were also common for personal communications during this pandemic.

But safety concerns have hit the news cycle. Incidents of ‘Zoombombing,’ during which unintended attendees join private meetings, have revealed why many enterprises choose to deploy streaming infrastructure in-house. Moreover, AI added value to video apps with voice-to-text transcription, natural language processing, and balanced sound and computer vision.

Several organizations that leveraged streaming technology for telemedicine proved instrumental in efforts to flatten the COVID-19 curve. Virtual doctor visits finally went mainstream, while live video sharing tools helped contain the spread. Another company that utilized telemedicine technology to ease the burden of social distancing was AngelEye Health. The clinical communication platform allowed families to watch their newborn baby while being cared for in the neonatal intensive care unit (NICU).

Several organizations focused on digital technologies to build a brand and showcase new services and products for producing low-cost hardware aimed at the broadcaster with live streaming at the forefront. For instance, in 2021, Innovative Systems, Inc. (U.S.) partnered with Midwest Video Solutions (U.S.) to deliver a fully hosted end‐to‐end streaming video and headend service. Also, in 2021, FilmMyMatch (U.S.) signed an agreement with JOYMO (Norway) to deliver live streaming, video management, and production services to clients across the U.K.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:  https://www.meticulousresearch.com/speak-to-analyst/cp_id=5225?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=04-01-2023

Live Streaming Market Overview

The overall live streaming market is segmented on the basis of component [(platform, services (subscription services, advertisement, and video production & content creation services)], offering model (business-to-business and business-to-consumer), streaming type (audio streaming, video streaming, and game streaming), vertical (enterprises, media & entertainment, education & e-learning industry, sports & gaming industry, government, fitness industry, religious organizations, and others), and geography. The study also evaluates industry competitors and analyses the market at the country and region levels.

Based on component, the services segment is estimated to account for the largest share of the overall live streaming market in 2021. The large share of this segment is primarily driven by the growing demand for new installation and integration of live-streaming platforms; the need for professional post-production support, up-gradation, and maintenance to help deliver content based on client specifications and provide a personalized experience to viewers; and surging demand for customer support, content creation services, and subscription services.

Based on offering model, the business-to-consumer segment is estimated to account for the largest share of the overall live streaming market in 2021. The large share of this segment is primarily driven by the rising adoption of smart devices coupled with faster internet penetration, increasing need for transmission of live content on the Internet for better brand engagement, and a surging number of social media platforms & s-commerce sites.

Based on streaming type, the video streaming segment is estimated to account for the largest share of the overall live streaming market in 2021. The large share of this segment is primarily driven by the growing use of influencers to drive new applications and attract new customers for branding and marketing, growing adoption of cloud-based solutions to increase the reach of live video content, and rising customer online data consumption and surfing behavior. However, the game streaming segment is slated to grow at the highest CAGR during the forecast period.

Quick Buy – Live Streaming Market Research Report:  https://www.meticulousresearch.com/Checkout/92415641?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=04-01-2023

Based on vertical, the media & entertainment sector is estimated to account for the largest share of the overall live streaming market in 2021. The large share of this segment is primarily driven by the growing popularity of online live video streaming, rising technological advancements, increasing consumer base for live streaming content, growing adoption of cloud-based video streaming solutions, and use of AI for increasing the reach of video content.

Based on geography, the Asia-Pacific region is estimated to account for the largest share of the overall live streaming market in 2021. The large share of this region is primarily attributed to the presence of major live streaming players along with several emerging startups in the region, surging adoption of live-streaming platforms for better brand engagement, increasing consumer base for the live streaming, and rising focus on digitalization with technological advancement in cloud computing, AI, and 5G.

The report also includes an extensive assessment of key strategies adopted by leading market participants over the past four years. The live streaming market witnessed a surge in the number of partnerships & agreements in recent years, enabling companies to broaden their product portfolios in live streaming. For instance, in 2021, Tiktok (U.S.) partnered with UFC (U.S.) to deliver exclusive live-stream content on its platform. In 2021, Scienjoy Holding Corporation (China) partnered with the Global Friendship Exchange Foundation to establish a live streaming studio and non-fungible token (NFT) art gallery in New York.

The global live streaming market is fragmented in nature. The major players operating in this market are Flux Broadcast (U.K.), Facebook Inc. (Instagram) (U.S.), Dacast (U.S.), Twitch Interactive, Inc. (U.S.), IBM Corporation (U.S.), Huya Inc. (China), Stream Hatchet SLU (Spain), Empire Video Productions, LLC (Florida), Afreecatv Corp. (South Korea), Streamshark (Australia), Dailymotion (France), Vimeo, Inc. (U.S.), Tiktok (U.S.), EventStreaming.TV (WaveFX Ltd.) (U.K.), Pluto Inc. (U.S.), Boxcast (U.S.), VosCast (U.S.), Uplynk (U.S.), and Wowza (U.S.), among others.

TOP 10 COMPANIES IN LIVE STREAMING MARKET

 

Plant-based Milk Market: Benefits, and Applications

 

According to a new market research report titled, “Plant-based Milk Market by Type (Almond Milk, Soy Milk, Coconut Milk, Oat Milk, Rice Milk), Formulation (Unflavoured, Flavoured), Distribution Channel (B2B, B2C (Modern Groceries, Convenience Store, Specialty Store, Online Retail)) - Forecast to 2029,” the market is expected to grow at a CAGR of 11.9% from 2022 to 2029 to reach $42.86 billion by 2029.

In recent years, the popularity of non-dairy or plant-based milk among health-conscious people has been rising. Plant-based milk comprises much lesser sugar compared to livestock milk. Besides, it consists of extra fiber, extra protein, and additional omega-3 fatty acids. The growing levels of lactose intolerance have propelled consumers to choose plant-based milk. Several recommendations by governments and health organizations are also directed toward effectively managing lactose intolerance, accelerating the growth of the plant-based milk market. These milk alternatives offer various nutritional benefits, such as reduced cholesterol levels, improved cardiovascular health, diabetes control, heart health, and immune system. Hence, the consumption of plant-based milk imparts several health benefits, which are expected to fuel the market growth during the forecast period.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5304?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=11-10-2022

 

Plant-based milk industry predictions in light of COVID-19

The coronavirus outbreak led to massive disruptions in travel, manufacturing, services, healthcare, and supply chains, causing havoc in the global financial markets. The crisis caused people to re-evaluate their diets in the food and beverage sector because it has underlined the link between food and health. In the space of the plant-based milk industry, COVID-19 is providing an unexpected boost. The outbreak of COVID-19 and negative associations with animal-based food created the demand for plant-based milk.

 

Plant-based milk can be generated with less dependence on labor, making it less prone to staffing scarcity than animal-based products, which are relatively labor-intensive. Further, medical studies showed that COVID-19 has overwhelmingly impacted people with underlying health conditions like diabetes, hypertension, and heart disease. Plant-based milk can help reduce the effects of the virus on at-risk people as macronutrients, micronutrients, and antioxidants are abundant. From a manufacturing and distributing point of view, this industry faced unprecedented demand from plant-based product manufacturers and consumers.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5304?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=11-10-2022

 

As a result, most food firms changed their marketing and production strategies to promote them more than other traditional healthy foods. As a result of the COVID-19 pandemic, it encouraged most consumers to shift from animal-based milk to plant-based milk due to various health and environmental concerns.

 

The global plant-based milk market is segmented based on type, formulation, distribution channel, and geography. The study also evaluates industry competitors and analyses the market at a country level.

 

Based on type, the global plant-based milk market is mainly segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and others. The almond milk segment is estimated to account for the largest share of the overall plant-based milk market in 2022. The leading position of this segment is mainly attributed to factors such as an increased number of consumers switching to nut-based lactose-free milk, changing taste preferences, and increasing general health & environmental concerns. This segment is also expected to grow at the fastest CAGR during the forecast period.

 

Based on formulation, the global plant-based milk market is mainly segmented into flavored and unflavored. The unflavored segment is estimated to account for the largest share of the overall plant-based milk market in 2022. However, the flavored segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing demand for ready-to-drink beverages.

 

Quick Buy – Plant-based Milk Market Research Report: https://www.meticulousresearch.com/Checkout/42973381?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=11-10-2022

 

Based on distribution channel, the global plant-based milk market is mainly segmented into business to business and business to customers. The business to customers segment is estimated to account for the largest share of the overall plant-based milk market in 2022. The leading position of this segment is mainly attributed to factors such as consumers' preference for brick-and-mortar grocers, the growing online retail sector, urbanization, and the rising number of supermarkets and hypermarkets. This segment is also expected to grow at the highest CAGR during the forecast period.

 

Geographically, Asia-Pacific is estimated to account for the largest share of the overall plant-based milk market in 2022. The large share of this region is primarily attributed to increased awareness about a protein-rich diet, increased health consciousness, higher adoption of technological advancements in the F&B industry, and a larger vegan & vegetarian population base. This region is also expected to grow at the highest CAGR during the forecast period.

 

The key players operating in the global plant-based milk market are Danone SA (France), Plamil Foods Ltd. (U.K.), Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Sanitarium Health Wellbeing Company (Australia), Axiom Foods (U.S.), Earth's Own Food Company Inc. (Canada), Nestlé S.A. (Switzerland), SunOpta (Canada), American Soy Products (U.S.), Alpina Foods (U.S.), and Pacific Foods of Oregon, Inc. (U.S.).

TOP 10 COMPANIES IN PLANT BASED PROTEIN MARKET

Electric scooters and two-wheelers are the Next Big Innovation.!! "Option for Fast City Communicating

 

According to a new market research report titled “Electric Scooters and Two-wheelers Market by Vehicle Type (Two-wheelers, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End-user, and Geography— Global Forecast to 2028”, published by Meticulous Research®, the electric scooters and two-wheelers market is expected to grow at a CAGR of 29.4% from 2021 to 2028 to reach $644.5 billion by 2028. By volume, this market is expected to grow at a CAGR of 21.2% from 2021 to 2028 to reach 209.0 million units by 2028.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=04-01-2023

Electric scooters and two-wheelers are used for short-distance commuting within cities and towns and courier and e-commerce delivery applications. These vehicles have a smaller battery pack and a driving range of less than 100KM per charge. These vehicles are lightweight, more efficient than conventional bikes, and can manoeuvre easily through congested streets. They serve the limited purpose of short-distance commuting.

Growth of this market is backed by the increasing adoption of electric two-wheelers and e-bikes for short commutes, rising environmental concerns, and increasing investments by ride-hailing companies in the micromobility space. Moreover, rising health awareness among millennials, increasing efforts by OEMs to produce lightweight bikes, and increasing trend towards connected e-Bikes provide significant opportunities in this market.

However, the high cost of electric two-wheelers, and e-scooters & bikes, and the short lifespan of batteries obstructs the growth of this market to some extent. Increasing theft and vandalism of e-bikes & e-scooters, poor cycling infrastructure in developing countries, and lack of regulations in electric two-wheelers and micromobility space are challenging the growth of the electric scooters and two-wheelers market.

The Impact of COVID-19 on the Electric Scooter Market

The COVID-19 pandemic has adversely hit many economies around the globe. To control the spread of this disease and avoid the related consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including electric two-wheelers and e-bikes.

The COVID-19 pandemic has an overall positive impact on the electric two-wheelers and E-bikes market worldwide. With governments worldwide encouraging people to avoid crowded public transportation systems wherever possible, people have started taking their bikes for short-distance commuting. Governments in European countries invested in widescale cycling infrastructure. According to European Cyclists' Federation, the sales of E-bikes in Europe during the COVID-19 pandemic grew by 47%. Sales of electric bicycles in the U.S. grew by 145% during the pandemic as these vehicles provide the ability to get around while remaining socially distanced from other people.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=04-01-2023

In 2020, the European electric two-wheeler market grew by 22% as COVID 19 pandemic boosted the individual mobility demand. Moreover, government initiatives are encouraging people to switch to green mobility is driving the growth in the electric two-wheeler market in Europe. For instance, in 2020, the government of the U.K. announced a GBP 2 billion (USD 2.83 billion) package for developing “pop-up bike lanes” and the widening of pavements for pedestrians and legalize the use of rental e-scooters on public roads. Although the COVID-19 pandemic has negatively affected many industries, its effect on electric scooters and two-wheelers is positive. 

Rising Environmental Concerns to Drive the Demand for Electric Scooters and Two-Wheelers Market

The climate crisis is accelerating at an unprecedented rate, and air pollution is a major issue in public health as epidemiological studies have highlighted its numerous detrimental health consequences. Air pollution has also been considered a potential environmental risk factor for neurological diseases and neuropathology. But as the technology is upgrading, the shift of paradigm from normal vehicles (which run on fuels like petroleum, CNG) to electric vehicles is increasing.

Electric two-wheelers, e-scooters & bikes for short distances can help prevent air pollution and noise pollution.  These e-scooters are part of a growing range of shared micromobility options in cities across Europe, the U.S., and Asia. The government agencies, including the EPA (Environmental Protection Agency), have started introducing limits over nitrogen oxide and carbon dioxide emissions, making all automakers follow the rules and move forward to introduce the electric two-wheelers e-scooters & bikes for short commutes.

Key Findings in the Electric Scooter Market Study:

To provide efficient analysis, Meticulous Research^® has segmented this market based on vehicle type (two-wheelers, e-scooters & bikes), power output (less than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW), battery technology (sealed lead acid, lithium-ion, lithium-ion polymer), motor type (hub motor, mid-drive motor), charging type (connector, wireless charging) end-user (government institutions, academic institutes/universities, business organizations, micromobility service providers, individuals), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa).

Based on vehicle type, the electric scooters and two-wheelers market is mainly segmented into two-wheelers and e-scooters & bikes. The two-wheelers segment accounted for the largest share of the electric scooters and two-wheelers market in 2020 by value. The large share of this segment is mainly attributed to increasing government policies for promoting electric mobility, growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, rising demand for electric two-wheelers among consumers, increasing petrol prices, and stringent emission norms. However, the e-scooters & bikes segment is expected to grow at the highest CAGR by value during the forecast period.

Based on power output, the electric scooters and two-wheelers market is segmented into less than 3.6kW, 3.6kW to 7.2kW, and 20kW to 100 kW. The less than 3.6kW segment accounted for the largest share of the electric scooters and two-wheelers market in 2020. The large share of this segment is mainly attributed to the increasing adoption of e-scooters & bikes for urban commute and recreational activities, rising initiatives by government authorities for increasing adoption of e-scooters & bikes, and increasing investments by ride-hailing companies for deploying e-scooters & bikes for micromobility. However, the 3.6kW to 7.2kW segment is expected to grow at the highest CAGR during the forecast period.

Quick Buy – Electric Scooters and Two-wheelers Market Research Report:  https://www.meticulousresearch.com/BuyNowToCheckout/1483?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=4-01-2023

Based on battery technology, the electric scooters and two-wheelers market is segmented into sealed lead-acid, lithium-ion, and lithium-ion polymer. The lithium-ion segment accounted for the largest share of the electric scooters and two-wheelers market in 2020. The large share of this segment is mainly attributed to the high energy density of lithium-ion, decreasing price of lithium-ion batteries, high energy efficiency, good high-temperature performance, and low self-discharge. However, the lithium-ion polymer segment is expected to grow at the highest CAGR during the forecast period.

Based on motor type, the hub motors segment accounted for the largest share of the electric scooters and two-wheelers market in 2020. The geared hub motors segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to better durability and speed control of geared hub motor, smaller size, and lightweight; lesser mechanical losses since heavy transmission, driveline, differential, and axles are not needed; offers higher flexibility, generates high torque at lower RPMs, and can be additionally used as brakes.

Based on end user, the business organizations segment accounted for the largest share of the electric scooters and two-wheelers market in 2020. The large share of this segment is mainly attributed to the increasing government subsidies and support to promote electric mobility across the globe, increasing use of e-scooters & bikes by courier and e-commerce delivery personnel, and the growing implementation of mobility-as-a-service. Moreover, this segment is expected to grow at the highest CAGR during the forecast period.

Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is estimated to account for the largest share of the electric scooters and two-wheelers market in 2020. However, North America is expected to witness the fastest growth by value and volume during the forecast period. The factors attributed to the high growth of this region are high growth in sales of electric bicycles in the U.S. during the pandemic, increasing investments by shared mobility players in electric scooter companies, decreasing prices of batteries in the U.S., and increasing initiatives by large two-wheeler companies in the U.S. to launch electric two-wheelers. 

The key players operating in the electric scooters and two-wheelers market are Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.), Pedego Inc. (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycles Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.). 

TOP 10 COMPANIES IN ELECTRIC SCOOTER MARKET

Scope of the Report

Electric Scooter Market, by Vehicle Type

• Two-wheelers
• E-scooters & Bikes

Electric Scooter Market, by Power Output

• Less Than 3.6kW
• 3.6kW to 7.2kW
• 20kW to 100 kW

Electric Scooter Market, by Battery Technology

• Sealed Lead Acid
• Lithium-ion
• Lithium-ion Polymer

Electric Scooter Market, by Motor Type

• Hub Motors
• Geared Hub Motors
• Gearless Hub Motors
• Mid-drive Motors

Electric Scooter Market, by Charging Type

• Connectors
• Wireless Charging

Electric Scooter Market, by End User

• Government Intuitions
• Academic institutes/Universities
• Business Organizations
• Micromobility Service Providers
• Individuals
• Other End-users

Electric Scooter Market, by Geography

• Asia-Pacific (APAC)
• China
• Japan
• South Korea
• India
• Singapore
• Thailand
• Rest of Asia-Pacific (RoAPAC)
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Netherlands
• Sweden
• Switzerland
• Norway
• Denmark
• Rest of Europe (RoE)
• North America
• U.S.
• Canada
• Latin America
• Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=04-01-2023

Related Reports:

Electric Vehicle Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component (Hardware, Software, Services), Mounting Type (Wall, Pedestal, and Ceiling), Vehicle Type, End User, and Geography - Global Forecast to 2028

North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Geography — Forecasts to 2029

North America Electric Vehicle Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component, Mounting Type, Vehicle Type, End User, and Country - Forecast to 2028

TOP 10 COMPANIES IN ALTERNATIVE PROTEIN MARKET

 

Meticulous Research^® – a leading global market research company published a research report titled “Alternative Protein Market by Type (Plant Protein [Soy, Wheat, Pea], Insect Protein [Crickets, BSF], Microbial Protein [Algae Protein, Bacterial Proteins]), Application (Food & Beverages, Animal Feed and Pet Food, Nutraceuticals)—Global Forecast to 2029”.

According to this latest publication from Meticulous Research^®, the global alternative proteins market is expected to grow at a CAGR of 12.4% from 2022–2029 to reach $36.61 billion by 2029. This market is driven by the growing population and awareness about the benefits of alternative proteins, the increasing number of venture investments in alternative protein companies, the high nutritional value of edible insects, and the environmental sustainability benefits offered by alternative proteins.

Additionally, the increasing inclination towards a vegan diet provides significant growth opportunities for alternative proteins manufacturers. However, the high cost of alternative proteins and the significant preference for animal-based products hinder the growth of this market to a notable extent.

The alternative proteins market is segmented based on type, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=4985?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=04-01-2023

Based on type, the alternative proteins market is segmented into plant proteins, insect proteins, and microbial proteins. In 2022, the plant proteins segment is estimated to account for the largest share of the alternative proteins market. The large share of this segment is mainly attributed to the growing demand from food & beverage manufacturers, the increasing vegan population, the rising number of plant-based product launches, and the large presence of plant protein manufacturers. However, the insect proteins segment is expected to grow at the highest CAGR during 2022–2029. The high growth rate of this segment is driven by the growing demand for environmentally friendly protein-rich food and the rising number of investments in edible insect farming.

Based on application, the alternative proteins market is segmented into plant protein-based applications, insect protein-based applications, and microbial protein-based applications. In 2022, the plant protein-based applications segment is estimated to account for the largest share of the alternative proteins market. The large share of this segment is attributed to the growing vegetarian and vegan population, consumers’ rising demand for clean-label products, and the increasing number of investments and expansions by plant-based product manufacturers. However, the insect protein-based applications segment is expected to record the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the high nutritional value of insects, the increasing demand for novel food products, and the increasing acceptance amongst consumers towards the consumption of insect protein.

Based on geography, the alternative proteins market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is estimated to account for the largest share of the alternative proteins market. The large market share of North America is attributed to the increasing focus on producing protein using sustainable methods due to the rising environmental concerns and ethical aspects associated with animal proteins, the increasing vegan population, the rising number of investments in alternative protein products, the increasing demand for healthy & nutritional products, and technological advancements in the food industry. However, Asia-Pacific is expected to record the highest CAGR during the forecast period. The high market growth in Asia-Pacific is attributed to the increasing awareness regarding the importance of protein-rich diets, the increasing technological advancements in the food & beverages industry, rapid economic growth, and the wide availability of raw materials.

TOP 10 COMPANIES IN ALTERNATIVE PROTEIN MARKET

The key players operating in the global alternative proteins market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group (Ireland), International Flavors & Fragrances, Inc. (IFF) (U.S.), Now Foods (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), Beneo GmbH (A Part of Südzucker AG) (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), CHS Inc. (U.S.), Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), Protix B.V. (Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), EnviroFlight, LLC (U.S.), Haocheng Mealworm Inc. (China), JR Unique Foods Ltd. (Thailand), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), Cricket Lab Limited (U.K.), DIC Corporation (Japan), Cellena Inc. (U.S.), Taiwan Chlorella Manufacturing Company (Taiwan), Cyanotech Corporation (U.S.), Bluebiotech International GmbH (Germany), Pond Technologies Holdings Inc. (Canada), E.I.D.-Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd. (China), MycoTechnology Inc. (U.S.), Enough. (U.K.), Corbion NV (Netherlands), Sun Chlorella Corporation (Japan), Plantible Foods, Inc. (U.S.), Parabel Nutritional, Inc. (U.S.), Far East Bio-Tec Co., Ltd. (Taiwan), Far East Microalgae Industries, Co. Ltd. (Taiwan), Roquette Klötze GmbH & Co. Kg (Germany), Yaeyama Shokusan Co., Ltd. (Japan), Unibio Group (Denmark), String Bio (India), Calysta, Inc. (U.S.), Angel Yeast Co., Ltd (China), and Lesaffre (France).

Key questions answered in the report-

• What are the high-growth market segments in terms of type, application, and countries?
• What is the historical market for alternative proteins across the globe?
• What are the market forecasts and estimates for the period of 2022–2029?
• What are the major drivers, restraints, and opportunities in the global alternative proteins market?
• Who are the major players in the global alternative proteins market, and what shares of the market do they hold?
• How is the competitive landscape in the global alternative proteins market?
• What are the recent developments in the global alternative proteins market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global alternative proteins market, and how do they compete with the other players?

Request Free Research Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=4985?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=04-01-2023