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shankar besta

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North Korea drone incursion on South Korea highlights demand for C-UAS, says GlobalData

North Korea launched a number of drones into the South Korean territory in December last year which the South Korean military struggled to intercept. The incursion highlights South Korea’s weaknesses in the counter unmanned aerial vehicles (UAVs) and the need to develop anti-drone systems, commonly referred to as C-UAS systems, alongside traditional anti-air procedures, says […]
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Vietnam life insurance industry to reach $17 billion by 2026, driven by economic recovery and endowment insurance demand, forecasts GlobalData

The life insurance industry in Vietnam is set to grow at a compound annual growth rate (CAGR) of 20.8% from VND159.2 trillion ($6.9 billion) in 2021 to VND410.3 trillion ($17 billion) in 2026 in terms of gross written premium (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance database, the Vietnamese […]
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China, South Korea, and India driving innovation in medical robotics in APAC, says GlobalData

Increased focus on medical robotic development across Asia-Pacific (APAC), mainly driven by China, South Korea, and India, will fuel innovation in the region over the next five years, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Robotics in Healthcare’, reveals that APAC has the highest patenting activity for robotics in healthcare globally. […]
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TSMC must balance geographic diversification and geopolitical relevance for long-term survival, says GlobalData

Following the news that TSMC reported solid Q4 2022 results; Josep Bori, Thematic Research Director at GlobalData, offers his view: “TSMC’s Q4 2022 results are solid despite a significant deceleration in December, but ultimately the investment case hinges on the delicate balancing act between geographic diversification and geopolitical relevance. It is always possible to have […]
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Shell leads global long-term LNG contracted capacity signed among purchasing companies in 2022, finds GlobalData

Royal Dutch Shell (Shell) dominated the global long-term LNG import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), according to GlobalData, a leading data and analytics company. GlobalData’s report, “Long-Term LNG Contracts Review Analytics by Region, Contracts and Companies, 2022,” reveals that the […]
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Dabur India’s distribution network can amplify domestic and export base for Badshah Masala’s spices, says GlobalData

Indian consumer packaged goods (CPG) company Dabur India Limited acquired a 51% equity stake in Badshah Masala Private Limited, a leading domestic producer, marketer, and exporter of powdered spices and seasonings, in January 2023. With this deal worth INR5,875.2 million ($71.2 million), Dabur India gains a foothold in the $1.5 billion* Indian packaged herbs, spices […]
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Hong Kong life insurance industry to rebound in 2023, driven by economic recovery and easing travel restrictions, says GlobalData

The Hong Kong life insurance industry is set to return to growth in 2023, after declining by 0.3% and 4.6% in 2021 and 2022, respectively, due to strict COVID-19 restrictions and economic slowdown. The recovery in the country’s life insurance market will be driven by ongoing positive economic developments and lifting of international travel restrictions, […]
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Reliance eyes to strengthen beverage portfolio with Sosyo Hajoori in India, says GlobalData

Reliance Consumer Products (Reliance), the subsidiary of Reliance Retail Ventures, has agreed to acquire 50% stake in Gujarat-based Sosyo Hajoori Beverages (Sosyo). The acquisition will strengthen Reliance’s beverage portfolio, owing to Sosyo’s expertise in different flavor formulations and homegrown flavors appealing to Indian consumers. On the other hand, Reliance’s strong distribution network and expertise will […]
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Innovative product launches to propel South Korea meat substitute market to register 6.2% CAGR through 2026, says GlobalData

The demand for meat substitutes in South Korea is set to expand at a healthy pace in the coming years, stimulated by growing health, ethical, environmental, and financial concerns among consumers. New product launches customized for local palates are also catalyzing the demand for meat alternatives. Against this backdrop, the South Korean meat substitute market […]
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