The dynamic ecosystem of automotive industry is transforming rapidly with declining fuel prices, low industry growth rate, emergence of electric and hybrid electric vehicles, improvement in automotive credit availability, aging vehicle fleet, as well as the emergence of disruptive trends such as carpooling and ride hailing services globally. OEMs are now targeting the segment of technological accessories for the vehicles to gain market share. One such technological innovation which is gaining immense popularity among the consumers is the in-vehicle infotainment system.
Rising environment concerns have propelled the use of methods that are harmonious to nature. Agriculture sector has started implementing sustainable farming methods, which do not affect the soil adversely and promise better yield to meet the growing food demand without harming the environment. Increasing food sufficiency demand, economic boom in the Asia Pacific region and emerging technologies are driving the growth of precision agriculture and spreading its significance in sustainable development globally.
Drones have spread their utility across various industries and unmanned aerial vehicles are now being used for non-military purposes as well, such as, oil and gas pipeline surveillance, wind mill monitoring, and crime surveillance. This phenomenon has definitely changed the industrial scenario globally, but on the other hand this has led to an increase in air traffic. To tackle the problem of air traffic, the demand of UAV sense and avoid system has escalated over a few years, which prevents drones from colliding with each other, or heading towards other obstacles, causing collateral damage.