Stringent government regulations, requirement for compliance with emission standards, and increasing consumer inclination towards innovative safety technologies are transforming automobile industry. Rising public spending has resulted in increased automobile sales and road traffic, thereby enhancing the probability of accidents, property loss, and fatalities. 

The power distribution component market is expected to exceed $140bn by 2025, as reported in the latest study by Global Market Insights. Growing demand for refurbishment and retrofitting of existing electrical setup along with fiscal and regulatory restructuring across the large-scale industries will boost the global power distribution component market. 

Robust advancements in technology have led to a rise in the deployment of IT-based solutions, impelling GPU as a service market. Nowadays, GPUs (graphics processing units) are being predominantly integrated with the CPU (central processing unit) in self-driving cars, artificial intelligence, and high processing power computing, subject to consumer demands for the installation of graphics in their systems. 

The elevator Market will likely surpass $130bn by 2025. Elevators are one of the major transit mediums which facilitates urban flow by transporting goods and population vertically within a building. Hence, advancements in the construction industry would augment the growth in global lift market. 

Asia Pacific is estimated to be the most lucrative region for AI in education market, estimated to grow at a CAGR of over 51%. The digitalisation and supportive government initiatives in the region have a noteworthy impact on the growth of the market. For instance, in 2015, the Japanese government launched Japan Revitalisation Strategy, which focuses on the development of advanced robots equipped with AI and machine learning technology. 

  The Smart Speaker Market is expected to witness a significant growth due to the increasing penetration of smart homes across the globe. Several factors, such as growing need to increase consumer convenience and growing network connectivity, will drive the demand. 

The Endpoint Security Market growth is attributed to the rise in the incidents of massive cyber attacks on government and private IT networks around the world, potentially threatening national security and the privacy of critical public information. Due to frequent cyber-attacks, such as Shadow Brokers, WannaCry, and Petya, government and private organisations are increasingly deploying security solutions to protect their IT infrastructure.

According to a new research report by the market research and strategy consulting firm, Global Market Insights, the automotive lighting market will grow at a CAGR of over five percent from 2018 to 2024.

The latest report by Global Market Insights has found that the automotive electronics control unit (ECU) market size is set to exceed $50bn by 2023. Incorporation of various electronic technologies such as safety, advanced control, communication, and security to enhance vehicle functionalities will drive the automotive electronics control unit market size. Connected navigation and telematics systems require embedded software to manage an inc...

Demand for automotive electronics is expected to rise thanks to the increasing adoption of safety features such as alcohol ignition interlocks, emergency call systems and mishap data recorder systems. Increasing adoption by original equipment manufacturers of high-volume conventional implementations is also likely to modify the regulatory framework.