The global vehicle control unit (VCU) market is forecasted to grow at 17.1% CAGR to reach $10.4 billion in 2027 from $2.1 billion in 2019. Advancement in-vehicle electronics technologies are going to drive the market which will create opportunities for players in the market to expand their revenue and market.
The U.S is one of the Biggest Market for Automotive industry. As per Mordor intelligence, there will be 20 million autonomous vehicles by 2030 in operation in the U.S. There is a lot of competition in front of US automobile players. European and Japanese players like Audi, Toyota, and BMW are
The North American market is the largest automotive ancillary market followed by the APAC region. Patent filings in the US automotive ancillary industry have been following an uprising trend since 2010 after a dip due to the 2008 recession. Growing demand for high energy density batteries, low copper brake pads,
Stringent regulations by government and increasing environmental awareness of consumers are shifting demand toward propulsion systems other than ICEs. Though green propulsion is going to be the future, due to a sense of security and control, consumers’ preferences are still aligned to internal combustion engines. Automakers, hence, are working on
Foreign vehicle manufacturers are producing and selling more vehicles than their American domestic counterparts. Not only has this, their imports and contribution to the patent filing been increasing as well. In the last 5 years, domestic automotive players are contributing less than 45% in the total patent filings. Meanwhile, the
Automotive Industry has always welcomed emerging technologies with open arms. In recent years, the industry has adopted new technologies at a never-seen-ever-before rate. After AI and Big Data Analytics, the industry has been exploring IoT and Blockchain. The industry has been completely transformed by technology and we are going to
Life Cycle of the cannabis plant goes under various growth stages in between germination to harvesting. To understand the technological development, we divided the sub-tech area into the following three-part: Cannabis plant Deregulation of cannabis brought new opportunities to the Agribusiness of the USA and other geographies. The pot growers
Patent filings in most of the technological aspects of Cannabis have taken an upward surge from 2014 onwards. This would be in line with the start of Cannabis being legalized in different areas. Now, as Cannabis is being integrated into different product lines, innovation in areas such as Sensory Technologies,
The cannabis plant contains more than 113 cannabinoids including the CBD and THC. Scientists have identified more than 550 chemicals in cannabis in general including components like terpenes. Different extraction techniques are being used to concentrate chemicals of interest. Companies are aggressively researching in the extraction of cannabinoids especially in
Currently, a combination of marijuana cannabinoids including delta-9-tetrahydrocannabinol (THC) and cannabidiol (CBD) is used as a drug to treat muscle spasticity in patients with Multiple Sclerosis (MS). Earlier there wasn’t any cure for multiple sclerosis but a combination therapy using THC and CBD results in amelioration of EAE and interestingly
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