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Smart Ports Market Is Likely to Experience a Tremendous Growth in near Future | Taiwan News | Aug. 2, 2024 05:36
Report Ocean has released a market research report on the Smart Ports industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry's regulations and policies and potential future advancements. Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bw174 Global Smart Ports Market is valued approximately at USD 1.36 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 25.0% over the forecast period 2019-2026. A smart port can be defined as an automated port which uses high-end smart technologies comprising, big data, internet of things (IoT), blockchain and artificial intelligence (AI) for enhancing performance and economic competitiveness. With these technologies, smart ports may also enhance environment sustainability. Smart ports track record and monitor data and uses them to take clearer decisions. Further, smart ports play a vital role in smart city implementation as it offers synergy with smart city ecosystem as well as helps the comprehensive digital transformation of the city. Growth in trade worldwide due to economic liberalization has led to an increase in the size of freighter ships for accommodating more cargo which is the one of the major factorfactors driving the demand for smart port around the world. For instance: it is estimated that world trade volume has grew by 3.6% in 2016 from 1.8% in 2015, as per the International Trade Forum. Also, it is forecasted that world merchandise trade volume is to grow at 3.9% in 2018, convoyed by global GDP growth of 3.1% at market exchange rates. Also, growing needs for real-time information along with rising environmental concerns are also few factorfactors responsible for high CAGR of the market over the forecast period. Moreover, supportive government initiatives toward smart infrastructure/port aided with port upgrades via retrofitting is the factor likely to offer lucrative growth opportunity to the market in the upcoming years. However, privacy & security concerns, high initial investment and limited availability of skilled staff are few factorfactors anticipated to restraining the growth of global Smart Ports market during the forecast period. Request To Download Free Sample of This Strategic Report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw174 The regional analysis of global Smart Ports market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region in terms of revenue and market share over the forecast period of 2024-2032 owing to increasing industrialization along with the availability of technology in cheap tech economies like China and Taiwan. Major market player included in this report are: Port of Rotterdam Trelleborg Royal Haskoning IBM Accenture General Electric Abu Dhabi Ports ABB Wipro Ramboll Group The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. For an in-depth analysis, you can refer sample copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw174 Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Element: Terminal Automation & Cargo Handling Port Community System Traffic Management System Smart Port Infrastructure Smart Safety & Security By Throughput Capacity: Extensively Busy (More Than 18 Million Teu) Moderately Busy (5-18 Million Teu) Scarcely Busy (Less Than 5 Million Teu) By Technology: Process Automation Internet of Things (IoT) Artificial Intelligence (AI) Blockchain By Port Type: Seaport Inland Port Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw174 By Region: North America U.S. Canada Europe UK Germany Asia Pacific China India Japan Latin America Brazil Mexico Rest of the World Furthermore, years considered for the study are as follows: Historical year - Base year - Forecast period - 2024 to 2032 Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report) @-https://reportocean.com/industry-verticals/sample-request?report_id=bw174 Target Audience of the Global Smart Ports Market in Market Study: Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors Frequently Asked Questions: - What is the market size and growth rate of the industry? Who are the major players in the market? What are the key factors driving market growth? What are the main challenges or barriers faced by market participants? Are there any regulatory or legal factors affecting the market? What are the emerging trends or opportunities in the market? How is the market segmented, and what are the characteristics of each segment? What are the pricing trends observed in the market? How does the competitive landscape look in the industry? What are the consumer preferences or buying behaviors in the market? Are there any regional or geographic variations in the market? What are the projected market forecasts for the coming years? Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bw174 About Report Ocean: Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today's competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence. Contact Information: Email:[email protected] Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States Telephone: +1 888 212 3539 (US - Toll-Free) For more information and to explore their offerings, visit their website at:https://www.reportocean.com/
[2]
Intelligent Transportation System Market Strategies Navigating Volatile Market Conditions | Taiwan News | Aug. 2, 2024 09:42
Report Ocean has released a market research report on the Intelligent Transportation System industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry's regulations and policies and potential future advancements. Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bw207 Global Intelligent Transportation System Market is valued approximately USD 21.83 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.25% over the forecast period 2019-2026. The rising demand for efficient and cost-effective transportation and goods-delivery system owing to rapid urbanization along with increased road congestion. Intelligent transportation system is the integration of modern technologies which includes internet of things, artificial intelligence and management strategies into transportation system with an aim to provide innovative services relating to different modes of transport and traffic management. Intelligent transportation system offers a cost-effective mode of travel and enhances consumer travel experience at a relatively lesser time as compared to traditional transportation services. Intelligent transportation system serves as a replacement of modern transportation services and provides an alternative solution in urban areas where traffic congestion is affecting the economic growth of the area. For instance, according to a report of global vehicular traffic by INRIX, transportation consulting firm, in 2018 in US traffic congestion cost $305 billion. Moreover, in Los Angeles, the driver spends an average of 102 hours sitting in traffic every year which cost more than $19 billion annually. Integration of artificial intelligence with transportation system along with the advancement in autonomy, data analytics and hybrid and automated electric propulsion has offered the opportunity to the service providers to tap into the potential market. The rising demand for alternate mode of transportation has led to the development of Intelligent transportation for enhanced safety and security along with promotion of green fuels which tends to increase the market share of Intelligent transportation. The need for effective management of natural resources and increase in focus on environment sustainability has fostered the market share of Intelligent transportation solutions. Moreover, favorable government initiatives and norms to reduce pollution along with the reduction in traffic congestion has led to the rising demand for Intelligent transportation market. For instance, Roads and Transport Authority (RTA) of Dubai has announced the new Intelligent transport strategy 2017-2021 with an aim to make 25 percent of the city's road trip by autonomous vehicles by 2030. Request To Download Free Sample of This Strategic Report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw207 The strategy was also aimed to execute 34 projects ranging from self-driving buses, autonomous drones and taxis along with expansion of information kiosks and pedestrian crossings. Moreover, the rising investment from private and public transportation system manufacturers towards the development of more enhanced intelligent mobility solutions tend to accelerate the market share of Intelligent transportation. However, the high initial capital investment along with the requirement of skilled workforce tends to restrain the market share of Intelligent transportation. The large amount of data generated by the transportation requires huge database where the data can be stored which hampers the market share. The regional analysis of Intelligent Transportation System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to register significant market share owing to the widespread adoption of IoT sensors in a wide range of road transport applications which includes traffic management, smart parking along with car navigation. Major market player included in this report are: Denso Corporation Kapsch TrafficCom Moxa Inc. Siemens AG Thales Group TomTom N.V. TransCore EFKON AG Hitachi, Ltd. Nuance Communications PTV Group Q-Free ASA WS Atkins PLC Xerox Corporation For an in-depth analysis, you can refer sample copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw207 The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Mode of Transport: Roadways Airways Railways By Type: ATMS ATPS ATIS APTS Other Types By Deployment mode: On-premise Cloud Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bw207 By Region: North America U.S. Canada Europe UK Germany Asia Pacific China India Japan Latin America Brazil Mexico Rest of the World Furthermore, years considered for the study are as follows: Historical year - Base year - Forecast period - 2024 to 2032 Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report) @-https://reportocean.com/industry-verticals/sample-request?report_id=bw207 Target Audience of the Intelligent Transportation System Market in Market Study: Key Consulting Companies & Advisors Large, medium-sized, and small enterprises Venture capitalists Value-Added Resellers (VARs) Third-party knowledge providers Investment bankers Investors Frequently Asked Questions: - What is the market size and growth rate of the industry? Who are the major players in the market? What are the key factors driving market growth? What are the main challenges or barriers faced by market participants? Are there any regulatory or legal factors affecting the market? What are the emerging trends or opportunities in the market? How is the market segmented, and what are the characteristics of each segment? What are the pricing trends observed in the market? How does the competitive landscape look in the industry? What are the consumer preferences or buying behaviors in the market? Are there any regional or geographic variations in the market? What are the projected market forecasts for the coming years? Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bw207 About Report Ocean: Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today's competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence. Contact Information: Email:[email protected] Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States Telephone: +1 888 212 3539 (US - Toll-Free) For more information and to explore their offerings, visit their website at:https://www.reportocean.com/
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Taiwan's semiconductor industry experiences a downturn due to global economic challenges. TSMC and other chip manufacturers report revenue declines and reduced capital expenditure plans for 2024.
Taiwan's semiconductor industry, a cornerstone of the global tech supply chain, is grappling with significant challenges as the world economy shows signs of slowing down. Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, has reported a substantial decline in revenue, signaling broader issues within the sector 1.
TSMC announced a 14.6% year-on-year decrease in revenue for October 2023, amounting to NT$243.2 billion (US$7.6 billion). This marks the fourth consecutive month of declining sales for the chip giant. The company's performance is often viewed as a barometer for the global semiconductor industry, making this downturn particularly noteworthy 1.
The slowdown is not limited to TSMC alone. Other major players in Taiwan's semiconductor ecosystem are also feeling the pinch. United Microelectronics Corp. (UMC), the world's third-largest contract chipmaker, reported a 25% year-on-year drop in revenue for October. Similarly, ASE Technology Holding Co., a leading chip packaging and testing services provider, saw its revenue decline by 8.6% compared to the same period last year 1.
Several factors are contributing to the industry's challenges:
These elements have collectively led to a decrease in orders for semiconductor manufacturers, impacting their bottom lines 1.
In response to the challenging environment, TSMC has announced a reduction in its capital expenditure plans for 2024. The company now expects to invest less than US$30 billion next year, a significant decrease from previous projections. This decision reflects a cautious approach to future investments amid uncertain market conditions 2.
Despite the current downturn, industry experts remain cautiously optimistic about the long-term prospects of Taiwan's semiconductor sector. The increasing demand for advanced chips in emerging technologies such as artificial intelligence, 5G, and autonomous vehicles is expected to drive growth in the coming years 2.
Taiwan's government has pledged support for the semiconductor industry, recognizing its crucial role in the country's economy. Meanwhile, companies are focusing on diversifying their product portfolios and exploring new markets to mitigate the impact of the current slowdown 2.
As the global economy navigates through these challenging times, Taiwan's semiconductor industry faces a critical period of adaptation and resilience. The sector's ability to weather this storm and emerge stronger will be crucial not only for Taiwan's economy but also for the global technology supply chain.
Taiwan's state-run electricity provider, Taipower, grapples with increased power consumption due to high temperatures. The company implements measures to ensure stable power supply and urges public cooperation in energy conservation.
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Taiwan faces diplomatic pressures and economic challenges while seeking new opportunities. The nation grapples with China's influence, explores trade relations, and showcases its technological prowess.
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Taiwan experiences extreme heat, setting new temperature records and causing a surge in power consumption. The heatwave impacts daily life, health, and the country's energy infrastructure.
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Taiwan experiences an unprecedented heatwave with temperatures soaring to record highs. The extreme weather conditions have led to health concerns and increased energy consumption across the island.
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Taiwan's semiconductor industry experiences a downturn due to global economic challenges. TSMC reports revenue decline, while UMC sees growth. The industry adapts to changing market conditions and emerging technologies.
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