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India E-Rickshaw and On-Demand Ride Hailing Market is Driven by the Increasing Need for Public Transportation for First-and Last-Mile Connectivity

As per a report by a market research institution, P&S Intelligence, the India e-rickshaw and on-demand ride hailing market is expected to reach more than 4 million units on the road, propelling at a 10.8% compound annual growth rate, by 2030.

India E-Rickshaw and On-Demand Ride Hailing Market - In-Depth Analysis@ https://www.psmarketresearch.c....om/market-analysis/i

In the early 2010s, E-rickshaws became increasingly popular in India as they began operating in the suburban and urban regions of Delhi-NCR, as well as towns in Bihar, West Bengal, and Uttar Pradesh. These electric-powered vehicles serve as zero tailpipe emission alternatives, providing first-/last-mile connectivity within these cities.

Moreover, the majority of e-rickshaw services in these areas were initially introduced without proper planning or as pilot projects and subsequently expanded in an unplanned manner.
The increasing pollution level in numerous cities of India, which is a serious concern for people and the government, increases the requirement for green-technology-powered automobiles for traveling.

Presently, India boasts a fleet of over one million e-rickshaws in active operation. Over the last decade, Delhi emerged as the primary industry for e-rickshaws.

A key trend observed in the India e-rickshaw and on-demand ride-hailing market is the growing collaboration between government authorities and public bodies. With the Government of India (GOI) and state authorities taking steps to regulate the use of e-rickshaws, several initiatives are being implemented through public-private partnership arrangements.

One of the primary obstacles faced by all e-rickshaw operators in India is the unavailability and inaccessibility of charging infrastructure. This challenge significantly hampers their mobility during extended working hours and longer trips.

Furthermore, it typically takes 7-10 hours to fully charge a battery to achieve an operational range of 80-110 km, which can vary depending on the battery's load and age. The absence of regulated and fast-charging stations poses a significant challenge for drivers. As a result, they are compelled to rely on services provided by unorganized players.

Intelligent Traffic Camera Market Will Grow Fastest in the APAC Region

It is stated by a market research professional at P&S intelligence, that the intelligent traffic camera market is set to reach a value of USD 24,465.6 million by 2030, advancing at a rate of 8.5% in the years to come.
The increasing population in key cities around the globe has led to an increased daily commuter count, thus responsible for congestion on the road, particularly in the peak hours.

Intelligent Traffic Camera Market Research Report @ https://www.psmarketresearch.c....om/market-analysis/i

Factors, such as the growing concerns regarding safety, increasing traffic congestion in cities, advance of ADAS and connected vehicles, snowballing initiatives of the government for competent traffic management systems, and growth of smart cities globally are providing momentum to the industry.
The market grew the fastest in the traffic management. The main reasons for this were advancements in technologies, such as the launch of AI-powered traffic management systems, including intelligent traffic cameras, for remotely accessing and controlling traffic lights at intersections, for a smooth traffic flow.
This supports in the optimization of traffic flow for walkers and bicyclists, thus offering them enhanced safety in the heavy traffic.

The 2–5 MP category dominated the industry, based on type. As these cameras offer HD resolution, they are employed for facial and license plate recognition, at a distance of 13 feet.
IP bifurcation will grow faster in the market. This has a lot to do with the increasing requirement for tech- advanced IP cameras delivering larger coverage and connectivity to the cloud.

Europe intelligent traffic camera market had the largest share in the past. The regional industry is powered by the progressions in the camera technology and its affordability, supporting its acceptance in the transportation system.