Increasing Need to Manage Complex Supply Chains Boosts Maritime Surveillance Market North America and Europe Is Dominating Automotive Mems Sensor Market The value of the automotive MEMS sensor market stood at USD 4,264.7 million in 2023, and this number is projected to reach USD 10,145.1 million by 2030, advancing at a CAGR of 13.3% during the projection period. This growth of the industry can be credited to the increasing severity of automotive safety guidelines, a new era of EVs, acceptance of progressive driver assistance systems, and technical improvements. According to surveys, mainstream individuals now desire four- or five-star-rated security vehicles and are ready to increase their financial plan. Furthermore, some safety features have been made compulsory under the BNVSAP safety rules in India, such as anti-lock braking systems, dual front airbags, and speed-sensing door locks. Other security features common in expansive cars are panic braking signals, rear parking sensors, impact-sensing door locks, and seatbelt pretensioners. The utilization of MEMS detector technology is increasing at an unparalleled rate because of the growing acceptance of ADAS and the constant growth of autonomous vehicles. According to the studies, ADAS-featured vehicles are being progressively sold in the U.S., China, Europe, and Japan, with India catching up too. The growing addition of MEMS sensors in hybrid and electric vehicles is one of the major drivers for the industry. such instruments are in high demand in electric vehicles as they are vital for effective power management and battery screening systems. Surging fuel efficacy and decreasing the number of contaminants released into the air are two major challenges for car engineers. The attainment of both these goals depends heavily on the powertrain's sensors, which calculate angular velocity, temperature and pressure, and other aspects of the vehicle's process. The sensors deliver relevant measurement data to the electronic control units, to make sure the vehicle works as desired and securely. An in-vehicle infotainment system is the perfect blend of software and hardware that offers the passengers and driver information or enjoyment. A safe and enjoyable driving experience can be offered by a car's infotainment system by linking with smart tech, like smartphones, sensors, and telematics devices. A touchscreen or monitor, which is characteristically located on the dashboard, offers the information and acts as the human–machine interface. Two of the largest markets for MEMS sensors in automobiles are North America and Europe. Major industrial players are actively working to raise R&D spending and this is driving the long-term growth of vehicle sales fitted with ADAS systems. The market will also be stimulated by the entry of newcomers and new tech companies into the ADAS market, a growth in sales of electric vehicles as well as robot taxis, and other unconcealed commercial vehicles. Read More: https://www.psmarketresearch.com/market-analysis/automotive-mems-sensor-market

How Does Exploitation of Shipping Container Contribute to Growing Prominence of Maritime Surveillance? The global maritime surveillance industry generates $22,254.6 million revenue, and it is projected to rise at a rate of 6.8% in the coming future and contribute to $40,386.4 million in 2030. It is due to factors such as growing maritime threats, including piracy and strict regulations for international sea trade. Japan and China are the major five ship-owning economies that constitute 50% of the world’s tonnage, acquired by companies based in Asia, that propels the maritime safety solutions industry in the APAC region. Under the technology subsegment, surveillance and tracking dominate the industry, accounting for 32.3% share, led by types of tracking software used for location monitoring and providing crucial alerts for the protection of ports, vessels, and shipping infrastructure. In addition, numerous countries in Europe and North America are adopting cutting-edge maritime security technologies. APAC is the major driver of the maritime surveillance industry, led by rising trade and maritime tensions. Ports utilize a massive range of cameras, such as fisheye, infrared, and pan-tilt-zoom cameras. For example, the Long-Range Tracking and Identification System is used by the International Maritime Organization for instantly tracking ships. The International Maritime Organization has developed a standard framework for smooth shipping activities and causes no harm to seafarers. For example, the IMO implemented GMDSS, which is a shore-to-shore, and ship-to-ship communications, for the identification of sailors and vessels in distress. The screening and scanning category holds the next-significant share of the industry, amounting to $5470.4 million revenue. These systems are crucial at ports, as they receive around 90% of the goods imported, and exported globally. Considering such a massive volume, it becomes crucial to ensure the legitimate ones are exported, due to the growing incidences of the exploitation of shipping containers due to arms, drugs, and human trafficking. Moreover, there are several mandates for the complete scanning of U.S.-bound maritime cargo for nuclear and radiological threats. U.S. CBP has taken various measures to ensure the protection of cargo containers after the terrorist attacks of 9/11. The CBP personnel are dispatched abroad for collaborating with foreign officials to detect and scan the risk-posing containers before they are loaded onto vessels. APAC is projected to experience significant growth, rising at a rate of 7.2%, and captures a massive share in the coming future, led by the rising demand for detecting maritime hazards and ensuring communication with all officials of the maritime sector, with advanced software. In addition, China updates all maritime-related military and law enforcement sectors, along with missiles, coast guard, surveillance technology, and aircraft. It is developing cutting-edge technology to counter American military technologies and deter outside engagement. Still, China is majorly investing to prepare to face the possible conflict with Taiwan. It is also making efforts to prepare for potential problems in the South and East China Seas, which fuels the demand for maritime safety systems. North America is projected to experience substantial growth in the maritime surveillance industry, in the coming future, as regional governments are concerned over maritime safety. Therefore, the maritime surveillance industry is growing due to the rising concern over smooth shipping and seafarer safety. Read More: https://www.psmarketresearch.com/market-analysis/maritime-surveillance-market