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Following the news that the Qatar Investment Authority (QIA) and Volkswagen (VW) are planning to put electric autonomous vehicles on Doha roads in 2022; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “This announcement makes sense for both Volkswagen and Qatar. For Volkswagen, it moves the advanced technologies […]
Bleak outlook for natural gas output expected for Northwest Europe
Natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle to offset overall declines, according to GlobalData, a leading data and analytics company. The company’s report, ‘2019 Northwest Europe Upstream Development Outlook – Surge in New-Build Oil and Gas Project […]
Pharma executives have faith in AI to solve the R&D optimization puzzle, says GlobalData
The global pharmaceutical industry spends a significant amount of revenue on research and development (R&D) activities that are failing to deliver projected returns. A recent survey by GlobalData, a leading data and analytics company, has revealed that digital transformation with artificial intelligence (AI) at the forefront is seen as a major step forward towards enhancing […]
Honda needs a rethink to boost profitability, says GlobalData
Following reports that Honda is considering internal reorganisation to improve operations; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Honda needs to change in order to be globally competitive. It is at a natural disadvantage compared to major rivals Toyota and Nissan because of its smaller scale, and […]
Direct bookings, sustainability, accommodation sharing and personalization to characterize lodging industry in 2020, says GlobalData
As 2019 draws to a close, Nick Wyatt, Head of R&A, Travel and Tourism at leading data and analytics company GlobalData, looks at the key trends that will shape the lodging industry in 2020, ranging from sustainability to a push for direct bookings: A push for direct bookings “The relationship between hotels and online travel […]
Diagnosed prevalent cases of chronic heart failure to reach 32 million by 2028 in the 8MM, says GlobalData
Nearly 40% of all diagnosed prevalent cases of Chronic Heart Failure (CHF) in the eight major markets (8MM*) occur in the elderly population, and this is estimated to increase by a further 40% by 2028. The major drivers for this trend include increasing life expectancy, early diagnosis of heart failure (HF) by improved screening and […]
Aircraft issues, sustainability, regulation, consolidation and long haul low-cost profit problems to shape airline industry in 2020, says GlobalData
This year has been an eventful one in the airline industry. As 2019 draws to a close, Nick Wyatt, Head of R&A, Travel and Tourism at leading data and analytics company GlobalData, a, looks at the key trends that will shape the industry in 2020, ranging from aircraft issues to consolidation: Aircraft issues “This has […]
Fixed broadband service revenue in Latin America to reach US$28.1bn in 2024 in Latin America, says GlobalData
Total fixed service revenue will reach US$35.3bn by the end of 2019, representing flat growth over 2018 due to ongoing fixed-voice revenue losses. Over the next five years, fixed broadband service revenue will grow at a CAGR of 4.3%, from US$22.8bn in 2019 to US$28.1bn in 2024. Growth will be mainly driven by the increased […]
Ocean LNG leads global long-term LNG contracted capacity signed by purchasing companies in 2019, says GlobalData
Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019, with almost 47% of the global contracted capacity, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Long-Term LNG Contracts Review, 2019 – Golden Pass […]
Automotive electrification comes at a jobs cost, says GlobalData
Following the news that Volkswagen’s Audi is to cut one in ten jobs to fund the shift to electric vehicles (EVs); Graeme Roberts, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Audi has announced a EUR300m spend to retool its Ingolstadt and Neckarlsum factories to produce EVs, which is good […]
Rising Visegrad 4 automotive industry wages are squeezing margins but could ease, says GlobalData
Relentless pressure on workforce availability, and in some cases governmental decrees, is continuing to drive up wages in Visegrad 4 countries* in Central and Eastern Europe, says GlobalData, a leading data and analytics company. Visegrad 4 countries are continuing to reap the benefits of a manufacturing boom in the past few years as a significant […]
Hyundai looks to Southeast Asia for growth as global market falters, says GlobalData
Following the news that Hyundai Motor has today (26th November 2019) signed a memorandum of understanding (MOU) with the Indonesian Government to build a vehicle manufacturing plant near Jakarta; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “With a population of 267 million, Indonesia has huge potential for car […]
Black Friday can provide a good deal for the savvy shopper, says GlobalData
Following today’s news (Tuesday 26th November) that a Which? report has discussed whether Black Friday is just hype with few real offers available; Zoe Mills, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Consumers are increasingly savvy to the deals offered by retailers, and are more accustomed to shopping around […]
Irish wine sector to reach $1.6bn by 2023, says GlobalData
The Irish wine sector is expected to grow from €1.19bn ($1.42bn) in 2018 to reach €1.36bn ($1.6bn) by 2023, with sparkling wines set to be the fastest-growing category between 2018 and 2023 says GlobalData, a leading data and analytics company. GlobalData’s report ‘Ireland Wine’ notes that still wine led the Irish wine sector in 2018, […]
Global medical marijuana market set to reach US$3.2bn by 2025, says GlobalData
Marketed and approved medical marijuana products generated sales of at least $50m across the US, the 5EU*, Canada, Israel and Australia in 2018. The actual value of this market is expected to be far greater, growing at a compound annual growth rate (CAGR) of 81.3% to reach $3.2bn by 2025, according to GlobalData, a leading […]
3D printing emerging as transformative technology for power sector, reveals GlobalData
3D printing is steadily opening up opportunities for the power industry, with applications such as renewable energy, conventional power and battery energy storage. The technology is expected to further enhance manufacturing with the invention of larger printers, and advances in 3D-printing technology are set to revolutionize the nuclear power industry as scientists take advantage of […]
Tesla pickup truck could secure the brand’s long-term success, says GlobalData
Ahead of tonight’s reveal of the Tesla pickup truck (Thursday 21 November); Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on this pivotal model: “Tesla has battled for more than 15 years to achieve consistent profit. No one will question the central role that the company’s ground-breaking electric […]
Aston Martin places its bets on China’s economy for new DBX success, says GlobalData
Following the news that Aston Martin is entering a new segment with its Wales-made DBX luxury crossover; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “The stakes are very high for Aston Martin with this model, which takes the company into a new segment and – the company […]
Increasing emphasis placed on asset management in oil and gas operations, says GlobalData
In view of the increasing competition and narrowing margins among oil and gas companies, asset management is obtaining greater relevance in enhancing operational efficiencies, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Asset Management in Oil & Gas’, discusses the growing necessity to implement a comprehensive asset management strategy […]
European car market outlook is weak, despite October’s jump, says GlobalData
Following the release of the European Automobile Manufacturers’ Association’s (ACEA) EU car market figures for October; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his view: “Growth recorded in October for the EU’s car market looks healthy at first glance. However, much of that growth reflects changes to the EU’s […]