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Easing of regulations for AI-based medical devices to empower domestic market in Japan, observes GlobalData

With the emergence of diagnosis and medical treatment supported by artificial intelligence (AI) expected to replace the competencies of creativity and ideation in the medical device industry, Japan plans to ease regulations for AI-based devices. Subsequently, this is likely to empower the domestic medical device market, finds GlobalData, a leading data and analytics company. GlobalData’s […]
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Great Wall Motors to strengthen Chinese presence in Thailand market with affordable EV sales, says GlobalData

Following the news that Chinese automaker Great Wall Motors aims to increase electric vehicle sales in Thailand with affordable products; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Thailand’s electric vehicle (EV) market is in a ‘creation’ phase with limited products and market players. Hence, […]
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Invasive procedures remain favored option for renal stones in Australia, observes GlobalData

The non-invasive stone management procedures such as shock wave lithotripsy and Retrograde ureteropyeloscopic holmium laser lithotripsy have gained global popularity over time. Despite this, the adoption of invasive surgeries still remains significantly high in Australia due to concerns over prolonged treatment duration with the modern treatment options, says GlobalData, a leading data and analytics company. […]
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Vietnam aims to enhance its naval and air forces to safeguard its territorial sovereignty, observes GlobalData

To protect its territorial and national interest in the South China Sea territory along with the need to modernize its naval and air forces, Vietnam has increased the military expenditure of Vietnam. Subsequently, its defense acquisition expenditure is projected to grow exponentially and record a strong compound annual growth rate (CAGR) of 8.1% to reach […]
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Indian Navy’s increase in capex to enhance its maritime security besides extending benefits to Quad alliance, says GlobalData

Following the news of Indian Navy’s expenditure for FY2022-2023 announced in the union budget this week; Sourabh Banik, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the countries that are participating: “Indian Navy’s capital expenditure (capex) witnessed a significant jump of 38.4% in the revised estimates of […]
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Airtel investment in Lavelle Networks reflects growing SD-WAN market in India, reveals GlobalData

Indian telecom major Bharti Airtel’s agreement to acquire a 25% equity stake in Bengaluru-based software-defined wide area network (SD-WAN) startup, Lavelle Networks, points towards a growing market for SD-WAN (through enterprise customer offerings) in India, observes GlobalData, a leading data and analytics company. The strategic development will bolster Airtel’s network-as-a-service (NaaS) portfolio at a time […]
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Boeing inches ahead with 26 carrier-borne fighters supply deal with Indian Navy to tackle critical missions, finds GlobalData

Boeing’s F/A-18 E/F Super Hornet has emerged as the top contender to supply Indian Navy with 26 Multirole Carrier Borne Fighters (MRCBF) aircraft. The deal involves the delivery of a squadron of 18 single-seat aircraft along with eight twin-seat variants that is collectively estimated to be valued at $4.5-6bn. Boeing’s F/A-18 E/F Super Hornet complies […]
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Digital Rupee may encourage crypto-related operators to provide more jobs in India, says GlobalData

Following the announcement of India’s Finance Minister Nirmala Sitharaman in the Union Budget 2022 that Reserve Bank of India (RBI) will issue digital currency based on blockchain technology in 2022-2023;    Ajay Kumar Thalluri, Business Fundamentals Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement to leverage blockchain technology to create […]
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Driven by insurance awareness and economic recovery, life insurance industry of Indonesia to witness 8.9% CAGR in 2025, forecasts GlobalData

The life insurance industry in Indonesia is projected to grow at a compound annual growth rate (CAGR) of 8.9% from IDR173.0 trillion ($11.8bn) in 2020 to IDR265.3 trillion ($17.4bn) in 2025, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData, the Indonesian life insurance industry […]
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Biocompatible advanced materials crucial for sustainability goals across industries, finds GlobalData

To achieve sustainable development goals (SDGs) of enterprises, bio-sourced, biocompatible and biodegradable advanced materials can be transformed into sustainable and user-friendly products across multiple industries including construction, healthcare, electronics and transportation. Additionally, these materials can replicate and replace the existing products that will be crucial in achieving the aspired SDGs, says GlobalData, a leading data […]
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India’s budget deficit to narrow down to 5.3% of GDP in FY22, forecasts GlobalData

The upcoming Union Budget of India (2022-23) is expected to focus on bringing in economic reforms to ease supply-side bottlenecks, provide production-linked incentive (PLI) schemes to domestic MSME’s* sector, asset monetization and privatization. Along with this, the government needs to strike a balance between fiscal expenditure and fiscal consolidation. Against this backdrop, GlobalData, a leading data and analytics company, […]
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Renault Nissan Mitsubishi alliance to strengthen EV position with new investments in APAC, observes GlobalData

Renault-Nissan-Mitsubishi alliance is set to increase investments in electric vehicles (EVs) and launch 30 BEVs by 2030 across five common platforms. The investments in shared platforms and standardization of batteries across models will help the three brands to achieve economies of scale and enhance their competitive position in the global EV market. This alliance can […]
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Redefined strategic priorities in Indo-Pacific to drive Australia’s defense budget at 5.05% CAGR through 2026, forecasts GlobalData

Australia plans to modernize its air force and naval capabilities to safeguard its border, sea lines of communication, protect surrounding regions including Southeast Asia and the South Pacific. In addition, the increased interest and involvement in the stability of the Indo-Pacific has provided another impetus to do so. In line with this, the defense budget […]
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