Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Growing demand for connected vehicles to drive the growth of the Automotive Internet of Things Market

IoT facilitates in the conversion of massive amounts of data into useful and actionable knowledge, as well as improving transportation efficiency and vehicle safety. Increased use of IoT in the automobile sector has resulted from rising demand for better driver comfort, passenger safety, and other factors. Intelligent transportation systems, self-driving (autonomous) automobiles, smart fleet management, and other IoT applications in automotive have all seen increased demand, resulting in market development.

 

Growing demand for connected vehicles to drive the growth of the automotive IoT market

In recent years, the global Automotive Internet of Things Market has shown amazing growth. Increased demand for a safer, more efficient, and convenient driving experience, as well as government measures to reduce the frequency of road accidents, are driving demand for connected automobiles. The European Transportation Authority, for example, has forced the use of eCall. Every new automobile should have eCall functionality for emergency scenarios, according to the law. Furthermore, the government has begun enacting mandates for connectivity services. For example, under AIS-140, the Indian government has mandated connecting features for public transportation vehicles. Since April 2018, the mandate has been regulated and implemented, and it is likely to play a significant role in the integration of connected technology in passenger vehicles in the next years. Government requirements like these fuel demand for IoT-assisted linked automobiles, propelling the global automotive IoT market forward.

 

Automotive Internet of Things Market
Automotive Internet of Things Market

North America held the dominant position in the market in 2016

North America dominated the market in 2016, and it is expected to continue to do so throughout the forecast period. The United States and Canada are the region's main development engines. One of the key drivers of growth in this region is the increasing deployment of self-driving cars. Volvo, for example, said in 2017 that it will equip Uber with 24,000 self-driving cars. Furthermore, the presence of prominent firms in this region, including as Apple, Inc., AT&T Inc, Cisco Systems, Inc, and others, is another driving reason for the growth of the automotive IoT market in this region.

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