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UK consumers are voicing stronger calls for diversity in insurance boardrooms, with many wanting greater representation of women and ethnic minorities in leadership roles. Despite some progress, the sector continues to lag other industries in inclusivity, and rising consumer pressure signals that diversity within decision-making ranks could soon become a critical benchmark for insurers, according […]
India consumer lending market to surpass $1 trillion in 2029, forecasts GlobalData
The consumer lending market in India is expected to a register a compound annual growth rate (CAGR) of 7.4% between 2025 to 2029 to reach $1 trillion in 2029, supported by robust economic growth, urbanization and growing consumer demand for housing, vehicles, and consumer durables, according to GlobalData, a leading data and analytics company. GlobalData’s […]
APAC automotive electric parking brake market to record 1.4% CAGR over 2025-30, forecasts GlobalData
The Asia-Pacific (APAC) automotive market is entering a new phase where electric parking brakes (EPBs) are shifting from premium options to mainstream features. As vehicle electrification accelerates across the region, EPBs are emerging as a strategic enablers for manufacturers and consumers alike — reducing packaging constraints, simplifying vehicle architectures, and aligning with broader safety and […]
Japan offshore wind capacity to reach nearly 16.7GW by 2035, forecasts GlobalData
Japan is scaling up offshore wind power at a rapid pace as part of its long-term decarbonization strategy. From a modest 59MW of capacity in 2020, the country’s offshore wind is projected to grow to 16.7GW by 2035, according to GlobalData, a leading data and analytics company. GlobalData’s report, “Japan Power Market Trends and Analysis […]
APAC automotive heated front seats market to record 1.5% CAGR over 2025-30, forecasts GlobalData
The Asia-Pacific (APAC) automotive market is entering a new phase in which comfort-centric content becoming an expectation rather than an option. As overall vehicle demand in APAC advances—led by scale in China, steady momentum in Japan, and faster expansion in India—heated front seats are emerging as a meaningful differentiator across segments with lifestyle appeal and […]
Japan general insurance industry to surpass $102 billion in 2030, forecasts GlobalData
The general insurance industry in Japan is projected to grow at a compound annual growth rate (CAGR) of 3.0%, increasing from JPY12.5 trillion ($85.4 billion) in 2025 to JPY14.5 trillion ($102.6 billion) in 2030, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Global Insurance […]
South Korea life insurance market to grow at 4.5% CAGR during 2025-30, forecasts GlobalData
The life insurance market in South Korea is projected to grow from KRW188.2 trillion ($140.2 billion) in 2025 to KRW234.3 trillion ($174.4 billion) in 2030, registering a compound annual growth rate (CAGR) of 4.5% in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Global Insurance Database indicates […]
Canada renewable power capacity to reach 70.9GW in 2035, forecasts GlobalData
Canada is advancing its clean energy transition with a strong focus on hydropower, wind, and solar, supported by federal and provincial policies aimed at achieving a net-zero electricity grid by 2050. The country has committed to phasing out coal-fired power by 2030, while accelerating deployment of non-emitting sources such as hydropower, nuclear, and renewables. Against […]
India VC funding deal value up 14% YoY during January-August 2025, finds GlobalData
India has demonstrated notable resilience and growth in venture capital (VC) funding activity from January to August 2025. The country has witnessed an increase in both deal volume and value, further solidifying itself as a key player in the global VC arena. The total number of VC deals announced in India increased by 11% during […]
APAC hybrid EV powertrains market, excluding 48V MHEV, to record 5.2% CAGR over 2025-30, forecasts GlobalData
The Asia-Pacific (APAC) hybrid electric vehicle (HEV) powertrain market, excluding 48V mild hybrids (MHEV), is projected to grow at a compound annual growth rate (CAGR) of 5.2% between 2025 and 2030. Rising consumer demand for practical alternatives to battery-electric vehicles, coupled with automakers’ focus on pragmatic decarbonization strategies, is positioning hybrids as a vital bridge […]
AI smartphones to boost UK phone sales to grow over twice as fast as electricals sector, says GlobalData
AI-enabled smartphones are set to be the key growth driver in the UK electricals sector, with sales forecast to rise at more than twice the pace of the wider sector. By offering advanced features and enhancing consumer experiences, these devices will not only accelerate upgrade cycles but also limit the appeal of secondhand platforms like […]
India’s pharma sector need to focus on market diversification to navigate challenges from US tariffs, says GlobalData
Following the news that the US will impose 100% tariffs on branded pharmaceutical products starting from 1 October 2025; Ramnivas Mundada, Director of Economic Research and Companies at GlobalData, a leading data and analytics company, offers his view: “In light of the US announcement on the imposition of 100% tariffs, the Indian pharmaceutical sector is […]
GlobalData’s AI tool predicts pharmaceutical drug approvals with 85% success rate
GlobalData’s enhanced AI-powered Likelihood of Approval (LoA) model boosts its predictive power, providing probability of a drug receiving market authorization. LONDON, 25 September 2025 – GlobalData Plc, the trusted intelligence partner to the world’s most successful organizations, today announced the significant accuracy of its upgraded predictive analytics tool “Likelihood of Approval (LoA)” model, powered by […]
Heathrow cyber-attack highlights need for parametric and preventive cyber insurance, says GlobalData
Major European airports, including Heathrow, Dublin, and Brussels, faced significant disruption following a recent cyber-attack. The incident led to dozens of cancellations, hundreds of delays, and long queues as staff were forced to use handwritten tags and manual redeployments. The recent cyber-attack highlights the need for parametric and preventive cyber insurance, even as nearly half […]
Smart grid demand to drive transmission investment to $573.7 billion by 2030, forecasts GlobalData
Growth in transmission infrastructure investment is accelerating to meet the rising smart grid demand, with the power transmission market expected to expand strongly through the 2030s. This growth is being driven by government initiatives, renewable energy integration, the need for greater grid resilience and efficiency, and adoption of technologies like smart meters, artificial intelligence (AI), […]
APAC xEV systems market to record 7.2% CAGR over 2025-30, forecasts GlobalData
The xEV systems market in the Asia-Pacific (APAC) region is entering a decisive expansion phase, underpinned by coordinated policy action and fast-maturing technology stacks. As electrified drivetrains proliferate, the region is witnessing accelerating investments in power electronics, onboard charging, and advanced thermal management. The APAC region appears positioned for significant, sustained growth through the latter […]
UK venture capital market contracts but retains global standing in 2025, finds GlobalData
The UK venture capital (VC) market has slowed in 2025, with deal volume falling by 13% and funding value dropping 17% year-on-year (YoY) during January-August 2025. While this signals a challenging investment climate, the UK continues to secure some major deals and remains one of the top five VC markets worldwide, according to GlobalData, a […]
Foton Motor’s advertising focuses on connecting with consumers through performance and local pride, reveals GlobalData
Foton Motor’s YouTube advertising campaigns from March to August 2025 featured a wide range of products. The rugged Tunland pickup truck and the eco-friendly eAUMARK electric truck are highlighted for their durability and efficiency. These advertisements also showcase innovative features, including advanced life support systems, powerful engines, and smart driving technology. In addition, the advertisements […]
Retailers prioritising convenience are poised to dominate market share gains in 2025, says GlobalData
Following the release of GlobalData’s latest report, “2025 Winners and Losers in the Global Retail Market,” which reveals that consumers are continuing to spend on retailers offering heightened levels of convenience, whether online or instore; Emily Scott, Retail Analyst at GlobalData, a leading data and analyst company, offers her view: “As consumer expectations of convenience […]
India dental implants and abutments market to grow at 6% CAGR through 2034, forecasts GlobalData
India’s dental implants and abutments market is entering a decade of structural change, driven less by sheer volume growth and more by a shift in expectations from both patients and practitioners. The conversation is moving away from affordability alone toward reliability, aesthetics, and clinical outcomes. Reflecting this shift, India’s dental implants and abutments market is […]