Latest news with #PersistenceMarketResearch
Techday NZ
12-06-2025
- Automotive
- Techday NZ
Automotive cybersecurity grows as smart vehicles face new threats
The increasing integration of digital technologies in vehicles has heightened the importance and complexity of cybersecurity within the automotive sector. Modern smart vehicles rely heavily on sensors, connectivity modules, artificial intelligence, and over-the-air updates, enabling features such as autonomous driving and advanced infotainment systems. These vehicles, once considered isolated machines, now function as data-rich, internet-connected units that actively communicate with external networks and cloud infrastructure. This digital transformation has brought considerable convenience to consumers, yet has also introduced a range of cybersecurity threats. With millions of lines of code and complex interconnected systems, modern vehicles present multiple potential points of entry for attackers, increasing the scope for software vulnerabilities and risks associated with unauthorised access to vehicle systems or personal data. Threat landscape The automotive sector's expanding digital footprint has made it susceptible to attacks targeting various vehicle components. For example, Vehicle-to-Everything (V2X) communication allows cars to interact with each other and with infrastructure, but these open channels could be exploited by malicious actors. Telematics systems, which manage vehicle tracking, maintenance updates, and driver behaviour analytics, are frequent targets for data breaches. Infotainment and mobile app integration further broaden the attack surface, with their connectivity to external smart devices and the internet. Another risk area is the electronic control units (ECUs), with most modern vehicles containing over 100 such units that manage essential functions. If any of these are compromised, the integrity of the entire vehicle system may be threatened. The urgency for automotive cybersecurity frameworks is increasingly evident as the risks now extend beyond reputational or financial damage to possible impacts on road safety and human life. In this context, cybersecurity in smart vehicles is considered both a technological and public safety imperative. Market developments Demand for connected and autonomous vehicles has driven significant growth in the automotive cybersecurity market. According to Persistence Market Research, this sector is set for rapid expansion, fuelled by regulatory requirements, greater consumer awareness, and the growing surfaces for cyberattack as technology advances through the industry. The report notes that car manufacturers and Tier 1 suppliers are investing more in cyber-resilience, seeking to protect brand trust and to comply with new regulations. These include standards such as the UNECE WP.29, which mandates cybersecurity management systems throughout a vehicle's lifecycle for new vehicle types, and ISO/SAE 21434, which sets out guidelines for identifying and addressing cybersecurity risks at every stage from design and production to operation and decommissioning. Persistence Market Research's analysis highlights strategic investment trends, stating that manufacturers "are accelerating investments in cyber-resilience, emphasizing the strategic importance of cybersecurity in maintaining brand trust and compliance with evolving regulations like the UNECE WP.29 and ISO/SAE 21434 standards." Cybersecurity strategies Automotive manufacturers and technology providers are increasingly adopting a multi-layered approach to security. Key methods include establishing secure-by-design architectures, embedding cybersecurity from the earliest stages of vehicle development. This involves integrating encryption, secure boot processes, and strict access controls to create systems that are more resistant to attack. Real-time intrusion detection systems (IDS) are also used to continuously scan for irregular or suspicious activity. These solutions analyse both network traffic and system logs in order to detect anomalies and enable swift response to threats. Over-the-air (OTA) software updates have become crucial for providing prompt fixes for vulnerabilities discovered post-production, helping manufacturers to keep vehicle security measures current without requiring motorists to visit service centres. To address the risk of a compromise in any single ECU, endpoint security protocols are being instituted, combining secure gateways, isolation methods, and anomaly detection. This approach reduces the risk that a breach of one component could cascade across the entire vehicle's systems. Industry-wide collaboration is also considered essential. As highlighted by Persistence Market Research, "Automakers must collaborate with cybersecurity experts, standards bodies, and governments to share threat intelligence and develop industry-wide protocols. Public-private partnerships and information-sharing initiatives are essential to staying ahead of evolving threats." Regulatory focus Regulatory bodies globally are enforcing stricter cybersecurity requirements. Compliance is increasingly seen not only as a legal necessity but also as a means to differentiate brands on the basis of safety and trustworthiness. As the report notes, "Compliance with these standards is not just a regulatory requirement but also a competitive differentiator. Brands that prioritise cybersecurity demonstrate commitment to safety and gain consumer trust." Industry challenges The move towards enhanced cybersecurity presents several obstacles. Many vehicles on the roads today operate with legacy software or hardware lacking modern security features. There are also cost considerations, with the addition and maintenance of cybersecurity defences increasing manufacturing expenses. The skills gap is a further issue, as there is a shortage of professionals with expertise bridging both automotive technology and IT, as well as challenges relating to supply chain security, as many components are sourced from external suppliers. Future outlook As developments in electric vehicles, autonomous driving, and smart infrastructure continue, automotive cybersecurity solutions are expected to evolve accordingly. New approaches such as artificial intelligence-powered threat detection, blockchain for secure transactions, and quantum-resistant encryption are currently under exploration. Privacy and data protection features are likely to assume greater prominence as consumers become more privacy-conscious. These features are anticipated to play a significant role in influencing vehicle purchasing decisions and brand loyalty. "In the race toward autonomous and connected mobility, automotive cybersecurity is the invisible force protecting lives and infrastructure. The challenges are significant, but so are the opportunities to innovate and lead. Automakers that take proactive steps today—adopting secure-by-design principles, investing in real-time monitoring, and collaborating with cybersecurity firms—will define the future of safe, digital mobility."
Fashion Value Chain
27-05-2025
- Business
- Fashion Value Chain
Nonwoven Fabric: Transforming Fashion and the Rise of Disposable Apparel
The fashion industry is undergoing a material revolution, and nonwoven fabrics are emerging as a powerful force reshaping everything from sustainable fashion to disposable clothing. Originally used in industrial and medical settings, nonwoven materials are gaining traction in both high-end and fast fashion due to their lightweight, breathable, cost-effective, and versatile properties. What Are Nonwoven Fabrics? Unlike woven or knitted fabrics, nonwovens are engineered by bonding fibers through chemical, mechanical, or thermal processes. These fabrics can be produced rapidly—often from recycled or biodegradable fibers like cotton, bamboo, polyester, or polypropylene—making them an eco-friendlier and scalable alternative. Fashion Embraces Nonwovens Initially favored by avant-garde designers for their structural possibilities, nonwoven fabrics are now being embraced by brands focused on sustainability and affordability. Their ability to be molded, pleated, and sculpted allows for innovative fashion design, while their low resource consumption aligns with industry-wide environmental goals. Disposable Apparel: Expanding Horizons From healthcare uniforms to retail fitting room covers, disposable clothing is gaining widespread acceptance. Travel-friendly garments, spa attire, and promotional wear are examples of how nonwovens enable single-use functionality without sacrificing convenience. These garments reduce laundering needs and appeal to modern, on-the-go lifestyles. Market Outlook According to Persistence Market Research, the global nonwoven fabric market is projected to grow from US$ 55.6 billion in 2025 to US$ 80.8 billion by 2032, at a 5.5% CAGR. Growth drivers include healthcare demand, hygiene awareness, and fashion's turn toward sustainable and disposable materials. Key Fashion Applications Protective Apparel: Used in sectors like construction and healthcare for lightweight, breathable coveralls and gowns. Eco-Fashion: Biodegradable nonwovens are used in green collections that aim to reduce textile waste. Event Wear: Affordable, customizable nonwoven garments are ideal for promotional use and one-time events. Runway Innovation: Designers use nonwovens to explore bold, sculptural fashion statements in couture. Environmental Concerns & Innovation While nonwovens can be eco-friendly, synthetic versions (like polypropylene) raise concerns over microplastic pollution. To mitigate this, the industry is developing biodegradable, water-soluble, and recyclable alternatives. At the same time, smart nonwovens and hybrid materials are expanding potential uses across fashion and healthcare. Balancing Challenges and Opportunity Though often perceived as 'cheap,' nonwoven materials are breaking stereotypes as designers innovate with blends and finishes to enhance aesthetics, comfort, and durability. As fashion becomes more transparent and values-driven, nonwovens are poised to become a preferred solution for future-forward, conscious design. Conclusion From runways to retail, nonwoven fabrics are driving a paradigm shift in how clothing is conceived and consumed. Their promise of affordability, efficiency, and sustainability places them at the heart of fashion's next chapter—a chapter where fashion is no longer just woven but thoughtfully engineered for a changing world.
Techday NZ
05-05-2025
- Business
- Techday NZ
AI and robotics drive global transformation in manufacturing
The industrial automation sector is seeing increasing global adoption as manufacturers seek to enhance productivity, reduce costs, and maintain competitiveness. Over the past several decades, the manufacturing industry has shifted away from reliance on manual labour, addressing longstanding issues of inefficiency, high production costs, and inconsistent product quality. Industrial automation, through the integration of robotics, computer-controlled systems, and artificial intelligence technologies, has enabled manufacturers to achieve tasks with precision and speed while minimising human error. The growth of automation technologies contributes to the rapid expansion of the global industrial automation market. Industry forecasts suggest continued investment in automation solutions is expected as businesses aim to improve production efficiency and navigate increasingly complex market demands. Several key technologies are central to the ongoing transformation of manufacturing processes. Robotics represents a major component, initially deployed to automate repetitive tasks such as assembly and packaging. Recent developments have allowed robots to expand their roles to include quality control, material handling, and product inspection tasks. One notable advancement is the introduction of collaborative robots, or cobots, which can safely work alongside humans and contribute to increased productivity and reduced operational risks. Artificial Intelligence (AI) and Machine Learning (ML) are widely adopted to optimise decision-making and streamline processes. Using AI and ML in automation systems allows companies to leverage historical data to detect anomalies, predict equipment failures, and adapt production schedules autonomously. These capabilities enable predictive maintenance and process refinement with reduced human intervention. Industrial automation's effect on labour markets is an ongoing topic of debate, particularly regarding its implications for job security. Automated solutions often assume responsibility for repetitive, dangerous, or physically demanding tasks, subsequently altering the makeup of the manufacturing workforce. Persistence Market Research highlights that automation transforms jobs by taking over repetitive, dangerous, or physically demanding tasks. This shift allows workers to focus on more complex and value-added activities like programming, troubleshooting, and overseeing automated systems. As a result, the role of employees is evolving, helping to create a more skilled workforce. Workers need to acquire new skills to keep up with the demands of an automated environment. Manufacturers are responding by investing in training programs to upskill their workforce, ensuring that employees remain relevant as automation technologies become more advanced. While some jobs may be eliminated, automation creates new opportunities, particularly in robotics maintenance, data analysis, and automation programming. These positions require specialised knowledge and expertise, leading to a growing demand for workers with advanced technical skills. Adoption rates of industrial automation differ significantly across various regions, shaped by technological infrastructure, economic development, and government initiatives. North America, particularly the United States and Canada, maintains a strong position due to robust manufacturing sectors and significant technological investment. In Europe, countries such as Germany and the United Kingdom are prominent adopters, with initiatives like Germany's Industry 4.0 supporting the automation of production lines and strengthening the region's technological ecosystem. The Asia-Pacific region is also witnessing notable growth in automation, especially in China, Japan, and South Korea. China's efforts to bolster its status as a manufacturing leader include heavy investment in automation intended to enhance productivity and reduce dependence on low-cost labour. The region's expanding electronics and automotive sectors remain key drivers of automation uptake, where the technology can improve quality and output. Persistence Market Research notes that industrial automation will continue to be a fundamental part of the manufacturing sector, driving operational efficiency, improving product quality, and helping companies stay competitive in a globalised marketplace. Technologies like robotics, AI, IoT, and advanced control systems are playing a central role in unlocking new levels of productivity and innovation. While the shift to automation presents challenges, manufacturers can reap significant benefits by investing in technology, training, and workforce development. As demand for smarter, faster, and more efficient production processes grows, industrial automation is set to be a key factor in shaping the future of manufacturing.
Forbes
21-03-2025
- Health
- Forbes
Psychedelic Mushroom Market To Surpass $3.3B By 2031, Report Predicts
The use of psychedelic mushrooms is on the rise, and a new report confirms the expansion of the market with growing interest in psilocybin and its potential applications in therapy. Persistence Market Research announced its report on Monday. The findings show that the global psychedelic mushrooms market is on a rapid growth trajectory. The projection is based primarily on products made from three genera of mushrooms—Psilocybe, Gymnopilus, and Panaeolus—which produce psilocybin and psilocin. Researchers estimate the psychedelic mushroom market will reach a valuation of $3.3 billion by the end of 2031, a significant increase from $1.5 billion in 2024. People turn to these mushrooms to treat conditions ranging from addiction to anxiety and depression. Persistence Market Research, based in England and Wales, specializes in research studies across multiple industries. Ms. Sayali Sheth, senior consultant of food and beverage at Persistence Market Research, said the market is poised for substantial growth. 'Persistence Market Research forecasts robust growth in the Psychedelic Mushrooms Market,' Sheth told Forbes in an email. 'As per a recent research study by Persistence Market Research, the Psychedelic Mushrooms Market is on the cusp of substantial growth. The emergence of psychedelic drugs as medicines is a key terminus in mental healthcare advancements, with an upswing in successful clinical trials, positive regulatory approvals, capital investment inflow, and growing public awareness. Pharmaceutical companies are wary of the challenges in manufacturing, market access, clinical, and regulatory spaces. They are allocating resources to make psychedelics mainstream and consolidate their market position. The potential for medical advancements and product innovation presents significant opportunities for the market players in the psychedelic mushrooms sector, despite the challenges such as legal restrictions, safety concerns, and cultivation complexities.' Researchers hope the future of psychedelic mushroom-assisted therapy includes better classification of strains. 'Optimi Health Corp., in collaboration with Kwantlen Polytechnic University Applied Genomics Centre, is leveraging cutting-edge genomics technology to examine the genetics of mushrooms that contain psilocybin. This research is aimed at encouraging innovation in psychedelic drugs by improving strain identification and optimizing cultivation techniques efficiently,' Sheth said. The report projects that the market will grow at a compound annual growth rate (CAGR) of 10.3% between 2024 and 2031. Factors impacting this growth include a rising demand due to increasing research on psychedelic-assisted therapy, continually changing regulations, and growing awareness of its potential therapeutic benefits. A representative said the data was gathered from the company websites, white papers, journal articles, newspaper editorials, regulatory organizations and the Persistence Market Research database. The report lists key market players in the psychedelic mushroom industry as MindMed, Herbalife Nutrition Ltd., Atai Life Sciences, Johnson & Johnson, Compass Pathways, Cybin Inc., Revive Therapeutics, Numinus Wellness, Red Light Holland, and Axsome Therapeutics Inc. Companies like Red Light Holland are making strides in product development in this field. In April 2024, the company shipped natural psilocybin truffles from its farm in the Netherlands to Crest Labs in Canada. They explained that the psilocybin truffles from Red Light Holland are used in an experimental research study to develop a process for commercially producing a naturally sourced API. 'Industry events like the Psychedelics as Medicine conference are vital for collaboration and partnerships between researchers, therapists, and industry leaders," Sheth said. "They are promoting education about psychedelic treatments, showcasing new developments and therapeutic uses. In addition, these events attract investors looking to finance psychedelic research, along with foundations that support the development of psychedelic medicine and its integration into mainstream healthcare." One of the biggest potential advancements in psilocybin mushrooms is its effects on treatment-resistent depression. In addition, researchers recently found that psilocybin may mimic effects of a popular antidepressant drug escitalopram. Beyond its potentials in medicine, psilocybin-infused foods could open up a market in functional foods. Significant regulatory hurdles remain, while a handful of states and smaller jurisdictions in the U.S. have decriminalized mushrooms. A surge of interest in psychedelic mushroom-assisted therapy has swept the U.K. as well. 'A key challenge to psychedelic mushroom uptake might be that licensed medical providers cannot legally give patients psilocybin-containing mushrooms under federal law," Sheth said. "However, Oregon and Colorado have state-approved programs that allow patients to access these products. As a result, seriously ill patients may approach doctors with the risks and benefits associated with psychedelic mushrooms, even though these therapies are not part of standard medical care." The report is more optimistic than similar findings in 2023 on the forecast of the Psychedelic Mushroom Market and its estimated CAGR through 2032, showing a growing interest in psilocybin and its applications.
