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Top 5 SaaS Solution Development Companies in the World: Saigon Technology Is Featured by The Vietnam Software Industry Insights

HO CHI MINH CITY, Vietnam–()–Vietnam Software Development Industry Insights has helped more than 800 startups and enterprises find the right software development outsourcing companies in Vietnam. The following article shows 5 SaaS companies in the world which are certified by customers who have used their services and reviews from reputable sites such as Tech Times (they’ve listed out the top software outsourcing companies), Tech Reviewer, The Vietnam Software Association, Clutch and Goodfirms.

Software as a Service or SaaS is a new trend in the software development industry. But, it is a trend that is gaining popularity at an unprecedented rate. SaaS-based applications and software are deployed over the cloud. This allows devices to access them from any location. With the rapid growth of SaaS mobile applications, there has been a rise in the number of SaaS solution development companies worldwide.

Here we look at 5 SaaS solution development companies in the world that you should consider.

1. TechTIQ Solutions

TechTIQ Solutions is a top software and app development company in Singapore. It focuses on delivering various IT solutions and software development services in Singapore and the world. The company aims at offering cost-effective IT solutions that allow businesses attain sustainable growth. This is mainly by ensuring that businesses engage better with their customers.

The company believes that businesses should focus more on their core competencies and leave them to handle their digital transformation journey. This enables businesses to serve their customers well and maintain a competitive edge. TechTIQ Solutions use a collaborative approach with businesses. With this approach, the company is able to offer details on digital transformation and consultancy. This helps them manage and deliver perfectly executed solutions that guarantee customer satisfaction.

TechTIQ Solutions has delivered several projects despite it being a young company. The company has offered more than 0.5 million manhours effort to many satisfied customers. Their customers are spread across different industries. These include logistics, media, banking, healthcare, transportation, etc.

The company has highly skilled experts with great knowledge and expertise in software development stacks and IoT protocols. Their technologies include RoR, PHP, Java, ReactJS, NodeJS, ASP.NET, Android, iOS and React Native app development. Besides, the company has a solid heritage of passionate software developers, IoT engineers and business analysts.

2. Saigon Technology

Saigon Technology is one of the top Vietnam-based software development companies. The company specializes in delivering cost-effective and high-quality outsourcing and agile software development solutions. Their customers are spread in different fields. These include e-business, e-finance, healthcare, logistics, media, transportation and many others.

Founded in 2012, the company now has over 100 talented software employees with world-class skills and expertise in different fields. Their area of expertise spun from AngularJS, Java, PHP, ReactJS, NodeJS, .NET CORE, Android, Ios/React Native app development services. Saigon Technology focuses on offering software development outsourcing and offshore software development services. These services are offered through two effective engagement models. This includes project/fixed price and outcome-based engagement models.

The company also helps businesses establish software development processes by selecting infrastructure and tools that adapt to specific needs. Saigon technology has a huge portfolio of completed projects from international clients, including startups and Fortune’s 500 firms. These include complex projects for large corporate clients and software product development for startups. The software outsourcing firm has proven records of successful projects and repeated customers, mainly in North America, Australia, Europe, and Singapore.

3. ScienceSoft Software Development

ScienceSoft is a software development and consulting company that focuses on delivering IT solutions for your business’s digital success. The company offers adaptable and powerful digital solutions that meet the current needs. With digital solutions, businesses are able to unlock future opportunities and maintain a competitive edge.

Since its inception in 1989, the company has made a name in delivering scalable and reliable software solutions compatible with any device, browser or OS. The company relies on its deep industry expertise to offer solutions that help businesses achieve sustainable growth. It also has a team of passionate professionals with the latest knowledge in IT advancements and solutions. This enables the tech giant to deliver custom products and solutions that suit the behavior and needs of their users.

With a team of highly skilled IT experts, the company can help transform your business. This is by delivering the latest digital capabilities that allow you to maintain the lead in the market. Some of the latest trends available in their list of services include machine learning, IoT, mixed reality and big data.

4. Intellectsoft

Intellect is a software development and digital transformation consultancy company that aims at delivering cutting-edge tech solutions. The company has delivered solutions to over 500 enterprise clients and companies experiencing complex issues in the digital transformation journey.

Established in 2007, the company has proven to be a reliable and visionary software engineering company. The company helps startups and large organizations reimagine their operations using digitalization. It has successfully delivered many projects to both local and international brands. These brands include NHS, Universal, Jaguar, Bombardier, Land Rover, Nestle, Guinness and Griffins. Some of their software services include an offshore dedicated development team, enterprise software development, testing and QA, IT consulting, UI/UX design and mobile app development.

With a team of skilled professionals, Intellectsoft helps businesses accelerate the adoption of the latest solutions and technologies. It also helps them untangle complex issues emerging from digital evolution. Whether it is a transformative business solution or a consumer-oriented app, their team of experts leads the development process from ideation to deployment.

5. ODS Group

The ODS Group is one of the top software development companies in Sydney, Australia. It focuses on delivering outsourced software development and other software development solutions, including SaaS. The company has a team of professionals with years of experience in various businesses. Thus, the firm has the capacity to improve or implement the right sales systems to increase workflow and ensure sustainable growth. The company also offers outbound activities that help identify and attract new clients. These include networking, cold calls and contacting old clients.

Final Thoughts

SaaS development is emerging as one of the valuable tools in various industries. Most top SaaS solution development companies have the capacity to develop cloud-based solutions. This helps businesses run their operations and processes better. SaaS solutions provide many benefits to businesses, including scalability, flexibility, cost-effectiveness and the latest features.


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Worldwide Freight Forwarding Industry to 2026 – Asia-Pacific is Anticipated to Witness High Growth

Dublin, June 10, 2021 (GLOBE NEWSWIRE) — The “Freight Forwarding Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to’s offering.

The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share.

Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recovering backed by the manufacturing and e-commerce industries; especially the air freight forwarding market with significant thrust during the period as reported by the International Air Transport Association (IATA) in January 2021.

Key Market Trends

Sea Freight Forwarding to experience high growth rate through the forecast period

The global sea freight forwarding market is booming, owing to the growing internet penetration, increasing purchasing power parity, developments in infrastructure (ports, containers, and ships with new technologies), and services designed particularly for the e-commerce industry.

Sea freight forwarding is preferred by several end-user industries, and several strategic partnerships are also likely to promote the growth of sea freight forwarding during the forecast period. The growing global cross border e-commerce market is also driving the less-than-container load (LCL) volume and is positively impacting the sea freight forwarding market growth.

Factors, such as the growing trade volume in European trade routes, the increasing container port throughput, and the rising number of FTAs will significantly drive sea freight forwarding market growth in this region during the forecast period.

Germany and the United Kingdom are the key markets for sea freight forwarding in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Asia-Pacific is anticipated to witness high growth through the forecast period

The global logistics industry is going through an uncertain period due to COVID-19. The Asia-Pacific market is one of the few regions that are still growing despite the pandemic.

For the freight and logistics market, Asia-Pacific is the fastest-growing region, globally. This is due to the increasing logistics in ASEAN countries and the presence of major economies, like China and India. Additionally, the high government support for the logistics sector in the region is also a factor boosting the industry growth.

China is the largest manufacturer in the region and in the world, with an increasing demand for pharmaceutical products and essentials. China reopened its factories way before other countries, as a result, it is still leading the freight forwarding market, globally.

Also, leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to trace and predict the exact delivery times. Thailand is incorporating IBM and Maersk’s blockchain project to streamline its shipment monitoring processes.

Competitive Landscape

The global freight forwarding market is made up of large number of players. However, the top 20 players dominate the market accounting for more than 50% of the total market. Leading players in the market include DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV and Expeditors International.

As the freight forwarding market is growing steadily and there exists abundant opportunity, the players need to embrace technologies, become more digitized, and increase the scale and efficiency of their operations. Having a strong network spanning across the globe is important for companies. As the industry is highly competitive and witnessing huge transformations, the companies need to develop specialized solutions to improve customer experience.

Companies are constantly under pressure to minimize cost and optimize operational efficiency. In the wake of investment shifts and diversification of global supply chains, international investors are increasingly interested in mergers and acquisitions in the ASEAN logistics market. Global logistics companies have been expanding in the ASEAN region, because of the increase in commerce and trade activities. As such, investment opportunities for the sector have been increasing accordingly.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Key Topics Covered:




4.1 Current Market Scenario
4.2 Value Chain/Supply Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Technological Trends and insights on E-Freight Forwarding Market
4.5 Insights on E-Commerce Industry in the Region (Domestic and Cross-Border)
4.6 Spotlight – Freight Transportation Costs/Freight Rates
4.7 Brief on Freight Transport Corridors
4.8 Impact of COVID-19 on the Freight Forwarding Market

5.1 Market Drivers
5.2 Market Restraints/Challenges
5.3 Market Opportunities
5.4 Industry Attractiveness – Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitute Products
5.4.3 Bargaining Power of Buyers/Consumers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry

6.1 By Mode
6.1.1 Air Freight Forwarding
6.1.2 Sea Freight Forwarding
6.2 By Geography
6.2.1 North America United States Canada Mexico
6.2.2 Europe Germany France United Kingdom Netherlands Italy Rest of Europe
6.2.3 Asia-Pacific China Japan Australia India Singapore Malaysia Indonesia Vietnam South Korea Rest of Asia-Pacific
6.2.4 South America Brazil Chile Rest of South America
6.2.5 Middle East & Africa South Africa United Arab Emirates Saudi Arabia Qatar Rest of Middle East & Africa

7.1 Overview (Market Concentration, Major Players)
7.2 Company Profiles
7.2.1 DHL Supply Chain & Global Forwarding
7.2.2 Kuehne + Nagel International AG
7.2.3 DB Schenker
7.2.4 DSV
7.2.5 Sinotrans
7.2.6 Expeditors International
7.2.7 Nippon Express Co., Ltd.
7.2.8 CEVA Logistics
7.2.9 UPS Supply Chain Solutions
7.2.10 Kerry Logistics
7.2.11 Bollore Logistics
7.2.12 C.H.Robinson Worldwide Inc.
7.2.13 GEODIS
7.2.14 Yusen Logistics/NYK Logistics
7.2.15 Agility Logistics*


9.1 Freight Volume Movement Statistics for Key Countries

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Worldwide Express Delivery Industry to 2026 – Asia Pacific to Hold a Significant Share

Dublin, June 09, 2021 (GLOBE NEWSWIRE) — The “Global Express Delivery Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to’s offering.

Growth in the global express markets has been driven by strong domestic e-commerce sales. Domestic markets have been growing more quickly than international markets in most regions, but the gap is narrowing significantly in some regions. The gap in the domestic and international market is smaller in North America and Europe. In Europe, this is primarily due to the interconnectedness of the market and the lower barriers to international trade.

Domestic markets have proved capable of seizing on the opportunities that e-commerce brings. A number of issues remain for the international market: there are higher cost and delivery time associated with international parcels. Cross-border e-commerce is boosting the international express market, particularly prevalent in regions with high cross-border e-commerce volumes, such as the Asia Pacific and Europe.

Major players operating in the express delivery services have changed their business models with deeper engagement in customer relationship in order to provide a varied range of value-added services in domestic, cross border, and inter-regional trades. These include sorting and grading of products, packaging, picking, order processing through storage, management information systems (MIS), analytics services in mobile tracking applications, logistics supply chain, online tracking of parcels, e-mail alerts and SMS, and hub-to-spoke collection centers.

Key Market Trends

Growing E-commerce sector

Asia-Pacific and North America lead the regional totals for both retail and retail eCommerce sales. As reported in June 2020, Asia-Pacific accounts for 42.3%, North America 22.9%, and Western Europe makes up 16.2% of retail sales worldwide. For eCommerce, China’s dominance means that 62.6% of all digital sales in Asia-Pacific.

E-commerce continues to radically reshape how both B2C (business-to-consumer) and B2B (business-to-business) companies serve their customers. UPS (an American multinational package delivery and supply chain management company) estimated that global e-commerce sales will hit more than USD 6.7 trillion in 2025.

FedEx (an American multinational delivery services company) constantly tests and develops solutions to meet shipper needs as online platforms mature and customer demands such as how and when they want their goods delivered change. For Example, FedEx Extra Hours program and the FedEx Sameday Bot, an autonomous urban delivery vehicle.

Asia Pacific to hold a significant share of the Global Express Delivery Market

The Asia Pacific continues to cement its position as one of the world’s most important regions for express parcels. SingPost, Japan Post, and Australia Post are all investing heavily to expand their operations in the region. In addition, a raft of Chinese operators is seeking stock market listings in order to raise capital to grow.

The Asia Pacific is anticipated to be one of the largest express delivery markets due to the rise in e-commerce across China, India, etc. It is also expected to be the fastest-growing market during the forecast period.

Key Topics Covered:




4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Government Regulations and Initiatives
4.7 Technological Trends in Industry
4.8 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)
4.9 Impact of COVID-19 on the Market (short- and longterm effects on the market and economies in the region)

5.1 By Business
5.1.1 B2B (Business-to-Business)
5.1.2 B2C (Business-to-Consumer)
5.2 By Destination
5.2.1 Domestic
5.2.2 International
5.3 By End User
5.3.1 Services (BFSI (Banking, Financial Services and Insurance))
5.3.2 Wholesale and Retail Trade (E-commerce)
5.3.3 Manufacturing, Construction, and Utilities
5.3.4 Primary Industries (Agriculture, and Other Natural Resources)
5.4 Geography
5.4.1 North America US Canada Mexico
5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.4.3 Asia Pacific India China Japan South Korea Vietnam Malaysia Thailand Rest of Asia Pacific
5.4.4 Rest of the World

6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Deutsche Post DHL Group
6.2.2 United Parcel Service Inc.
6.2.3 FedEx Corporation
6.2.4 SF Express (Group) Co. Ltd
6.2.5 FedEx
6.2.6 Nippon Express
6.2.7 Yamato Holdings Co. Ltd
6.2.8 Aramex PJSC
6.2.9 A-1 Express Delivery Service Inc
6.2.10 Hermes Europe GmbH
6.2.11 GO! Express & Logistics
6.2.12 Allied Express Transport Pty*
6.3 Other Companies (key information/overview)



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Investors prefer trading in land, shun the less profitable auto industry – VietNamNet

Vingroup has sent a dispatch to the Ha Tinh provincial People’s Committee, proposing a project on an automobile complex.

Investors prefer trading in land, shun the less profitable auto industry

The complex would include the VinFast automobile manufacturing factory and a chain of factories making car parts and hi-tech audio-video devices.

The group wants to set the automobile complex in Vung Ang Economic Zone, covering an area of 2,000 hectares.

There are large automobile centers in Vietnam, including Hanoi, Vinh Phuc, Hai Duong, Hai Phong, Quang Ninh, Ninh Binh, Quang Nam, HCM City and Binh Duong. If provincial authorities give the nod on the project, Vietnam would have one more center in Ha Tinh.

According to the Ministry of Industry and Trade (MOIT), Vietnam has great advantages in developing an automobile industry, including a large and expanding market, advantageous position for global logistics activities and a skilled labor force.

Moreover, unlike Malaysia, Thailand and Indonesia, drivers must drive in the right lane, which is an important factor for production organization and manufacturing cost.

These factors are enough to turn Vietnam into an automobile general headquarters in the future.

Analysts also believe that Vietnam’s automobile market is entering a golden period because of the rapid increase in vehicle ownership. If Vietnam can grab this opportunity, its automobile industry will develop strongly.

According to MOIT, by 2020, Vietnam’s automobile industry had reached important goals – joining global supply chains, exporting CBU (complete built unit) cars, and creating Vietnamese car brands.

However, the ministry pointed out that Vietnam’s automobile industry is facing barriers, including a low localization ratio, and uncompetitive production costs compared with CBU imports from ASEAN countries, and a small market.

In 2019, the total automobile output was 281,000 products of different kinds, while the car output was 200,000. Of these, only 11 models had output of 6,000 products a year or higher.

Since the domestic market remains small, it is difficult to develop supporting industries because the products do not have competitive prices. Meanwhile, weak supporting industries will not help reduce automobile manufacturing costs.

MOIT estimates that there are 350 enterprises related to automobile manufacturing in Vietnam, including 214 car part facilities. The figure is small compared with Thailand and Indonesia.

The car parts made in Vietnam are mostly simple and have low added value. Vietnam doesn’t have many local vendors that can satisfy requirements on quality, cost and delivery time to be able to join global supply chains.

Nguyen Minh Dong, a respected automobile expert, said that difficulties, high risks and low profits are foreseeable if investing in automobile supporting industries. Meanwhile, land prices in many localities are escalating, which makes it more profitable to trade land than to manufacture cars.

If the Government doesn’t have policies on encouraging the development of supporting industries, investors will pour money into land instead of supporting industries.

Vietnam remains a small market with 400,000 cars of different kinds a year. Of this, domestically assembled cars account for 60 percent, which is one-third of the Thai and one-fourth of Indonesian markets. The small market makes it difficult to develop the automobile industry.

Experts all agree that in order to expand the automobile industry, it is necessary to encourage people to use cars, because the industry has a close relation with households.

The auto industry has a high technology content. The industry development, for example, was prioritized in Japan and South Korea with preferential policies, which helped to turn it into a key industry of the economy, making a great contribution to helping the two economies escape the middle-income trap and become developed countries.

Only when the market gets larger will Vietnam be able to develop supporting industries which would allow it to reduce automobile manufacturing costs.

However, Vietnam still restricts car consumption with high taxes and fees, which makes them unaffordable for the majority of people.

The auto industry has a high technology content. The industry development, for example, was prioritized in Japan and South Korea with preferential policies, which helped to turn it into a key industry of the economy, making a great contribution to helping the two economies escape the middle-income trap and become developed countries.

Vietnam doesn’t have such policies.

Automobile industry centers have been arising in Vietnam, but the risks in the industry are high. If production costs continue to be uncompetitive with CBU imports from ASEAN, the domestic market will be out of reach of domestic manufacturers.

If processing and manufacturing industries cannot develop, Vietnam will depend heavily on imports. This will bring low added value and affect long-term economic growth, thus making it difficult to achieve the goal of escaping the middle-income trap and becoming a developed country. 

Tran Thuy

Vietnam automobile industry on recovery path despite Covid-19

Vietnam automobile industry on recovery path despite Covid-19

Vietnam’s rising income per capita would soon move cars from a luxury product with a passenger vehicle density of 34 per 1,000 to a more ordinary one with a density level comparable to countries in the region.

Vietnam's automobile manufacturers to develop solid-state batteries for electric cars

Vietnam’s automobile manufacturers to develop solid-state batteries for electric cars

Making solid-state batteries is a prerequisite for the development of the electric vehicle (EV) market, helping create smart cars which can run thousands of kilometers after just minutes of battery charge.


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Diabetic Care Market Size to Reach USD 41.71 Billion In 2027 | Rising Prevalence Of Diabetes Owing to Increasing Obesity and Geriatric Population is Key Factor for industry Growth, says Emergen Research

Vancouver, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — The global Diabetic Care Market is expected to reach USD 41.71 billion by 2027, according to a current analysis by Emergen Research. Increasing investments in R&D and constant new product launches are some key factors boosting global market revenue growth. 

Lifestyle changes, unhealthy eating habits, sedentary routine patterns, and rapid urbanization has increased in number of obese population. According to Centers for Disease Control and Prevention (CDC), around 94.1 million people were reported to be obese in 2017. There has been a significant increase in diabetes patients attributed to rising obesity and elderly population. As per a report by International Diabetes Federation, diabetic population worldwide is expected to reach 700 million by 2045. Thus, increasing emergence of type 1 and type 2 diabetes is escalating demand for diabetic care and treatment. Factors such as increasing government initiatives to increase awareness about dietetic care, rising number of patients requiring a daily dose of insulin, and increasing funds by government and private sectors are fueling market growth. In addition, rapidly growing research on developing novel and effective drugs for diabetes and other disorders associated with it such as stroke, kidney disease, or heart attack are fueling market growth.

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Moreover, growing awareness about diabetes monitoring devices, high demand for long-term weight reduction medications, and untapped market opportunities especially in developing countries is expected to boost revenue growth going ahead.    

Some key highlights in the report:

  • The insulin delivery devices segment revenue is expected to expand at a CAGR of 8.9% during the forecast period due to growing adoption of insulin pumps and recent advancements in insulin pump technology. 
  • The homecare segment is expected to account for high revenue growth over the forecast period owing to growing adoption of self-blood sugar level evaluation and increasing awareness about diabetes care. 
  • The hospital pharmacies segment is expected to account for significant revenue growth during the forecast period due to constant restocking, availability of wide product range, and constant increasing sale figures of diabetes devices. 
  • North America accounted for largest market share in the global diabetic care market in 2019 and is expected to sustain its dominating position during the forecast period. Growing awareness about causes of type 1 and type 2 diabetes, presence of large patient pool, and favorable reimbursement policies are some key factors surging revenue growth in this region.
  • The market in Asia Pacific is expected to register a revenue CAGR of 8.9% throughout the forecast period owing to factors such as growing prevalence of diabetes, increase in obese and elderly population, and government initiatives to create awareness about diabetic care. 
  • Some key players operating in the global diabetic care market include Medtronic plc, B. Braun, DexCom, Inc., Abbott, F. Hoffman-La Roche Ltd., Ascensia Diabetes Care Holdings AS, LifeScan, Dickinson and Company, MicroGene Diagnostic Systems Pvt. Ltd., AgaMatrix Holdings LLC and Acon Laboratories, Inc. 
  • In January 2020, a US-based diagnostic system company LifeScan signed a partnership agreement with DKSH. This partnership is expected to support distribution and logistics along with regulatory, marketing services for LifeScan in Indonesia, Hong Kong, Taiwan, Vietnam, and Malaysia. 

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For the purpose of this report, Emergen Research has segmented into the global Diabetic Care Market on the device, distribution channel, end user, and region:

Device Outlook (Revenue, USD Billion; 2017-2027)

  • Monitoring Devices
  • Insulin Pumps
  • Insulin Syringes
  • Insulin Cartridges
  • Disposable Pens
  • Jet Injectors

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

  • Hospital Pharmacies
  • Retail Pharmacies
  • Diabetes Clinics
  • Online Pharmacies
  • Others

End User Outlook (Revenue, USD Billion; 2017-2027)

  • Hospitals
  • Homecare
  • Diagnostic Centers

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends:

Regional Outlook (Revenue: USD Billion; 2017-2027)

  • North America
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

Take a Look at our Related Reports:

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Development of logistics industry needs outstanding mechanism, policy support – VietNamNet

HCM City has just approved and issued a project to develop the logistics industry in the city until 2025, with a vision to 2030 to develop logistics to become a key service industry of the city,

account for an increasingly high proportion in the structure of the gross regional domestic product (GRDP), thereby, helping the city to improve the role of the hub for domestic goods exchange and connection with the international market, contributing to reducing the rate of national logistics costs against the national GDP.

Development of logistics industry needs outstanding mechanism, policy support
Tan Cang – Cat Lai Port in Thu Duc City. (Photo: SGGP)

Small-scale logistics enterprises

The country currently has about 4,000 professional enterprises. Of which, the leading multinational logistics enterprises in the world have already been present in Vietnam. The size of Vietnam’s logistics service market is small, at about 2-4 percent of GDP, but its growth rate is extremely high, estimated to increase by 20-25 percent per year. Importantly, the Vietnamese economy is forecasted to still outperform in Southeast Asia in the next 10 years. The advantage of a coastline stretching from North to South and the fast-developing e-commerce industry are plus points for the development of logistics.

It raised the question that why, up to now, Vietnam has not fully exploited the potentials of logistics. Mr. Ha Ngoc Son, Head of the Import-Export Management Department under the Department of Industry and Trade of HCMC, explained that the team of logistics enterprises is large but not strong. Their business is quite small. Most domestic enterprises only provide basic services, services for small supply chains with little added-value or outsourcing to foreign companies, and do not have differentiated services or programs. The financial potential of Vietnamese logistics enterprises is weak, with 80 percent of established enterprises having charter capital of a few billion Vietnamese dongs. They lack separate voices with shipping lines, so they are controlled in terms of price. In the long term, price competition will no longer exist. Instead, the quality and variety of service will be the decisive factor for the development of logistics enterprises.

According to Mr. Ha Ngoc Son, the development of logistics in HCMC is facing many challenges because the infrastructure fails to meet its requirements and becomes an obstruction. The inland container depot (ICD) system has exceeded its designed capacity and five out of six ICDs in the city have decided to relocate, so they operate separately with a poor association, and domestic connectivity is weak. The level of fees of each port has not been unified. Fees and tolls remain high, and there are many other costs incurred on the road that enterprises cannot list. In the context of more and more FDI enterprises investing in logistics for e-commerce, if Vietnamese enterprises are not linked, creating a closed service system to compete with them, they will possibly lose their market share right on home ground. 

Which direction for development?

According to the project of developing the logistics industry in HCMC to 2025, with a vision to 2030, the total capital needed for the development of the logistics industry in the 2020-2030 period in HCMC is about VND95.8 trillion. Mr. Ha Ngoc Son said that the project would solve many problems not only for the city but also for the region if we developed a feasible implementation plan.

Regarding the development orientation, according to Mr. Bui Ta Hoang Vu, Director of the Department of Industry and Trade, digital transformation and information technology application should be considered as an inevitable and priority trend of the logistics industry in the 2021-2025 period, with two strategic tasks: to focus on developing logistics for the e-commerce industry and providing a service chain for import and export goods to Asian markets and transshipment to Cai Mep – Thi Vai Port to Europe and America.

Assessing the current situation of the city’s logistics industry, Mr. Le Kim Cuong, Deputy Director of Tan Cang Logistics Service Center, said that it is necessary to consider transforming the functions, turning Cat Lai Industrial Park into the logistics center of the city. It is difficult to find new land banks to develop logistics centers, but there are a few places that the city can consider the conversion. For example, there are no logistics services behind Cat Lai Port, so the city can consider the Cat Lai Industrial Park nearby. Is it possible to relocate enterprises in the industrial park to other areas to transform its functions into a logistics service center?

There was also an opinion said that HCMC should use its meager land fund to build research centers and train human resources for logistics to develop sustainably. This human resource will provide for not only HCMC but also the entire southern region. At that time, when referring to HCMC’s contribution to logistics, it will be brainpower, technology, and high-quality human resources.

With the project of developing the logistics industry in the area of HCMC, the State just builds the overall project, determines the location and the policies, while the implementation and operation are done by businesses. The centers will be built and developed completely by major infrastructure investors, and they only use a part of the centers. In each subdivision, there will be component investors who sublet to divide for partners. Therefore, to attract capital from enterprises to concentrate investment in developing the logistics industry as expected, it is necessary to have outstanding support from the State on mechanisms and policies, as well as perfecting the connection in traffic infrastructure. It is essential to work closely with provinces to form a hub in the logistics service sector, connecting regions across the country, in the context that many of the city’s key export industries tend to gradually shift to other provinces.

Dr. Tran Du Lich, a member of the Prime Minister’s Economic Advisory Group, said that if a leading ecosystem in the logistics sector was not established in HCMC, which locality would be able to do this? Therefore, the implementation needs to be considered carefully and get opinions from many dimensions so that we have a quick, successful, and correct plan. 

Seven logistics centers

Regarding technical infrastructure, based on the demand for production, circulation of goods in the region, and import and export, based on the existing land fund, the Department of Industry and Trade proposed to the People’s Committee of HCMC to build seven logistics centers.

They include Long Binh Logistics Centers, Cat Lai, Linh Trung, High-tech Park in Thu Duc City; Tan Kien Logistics Center in Binh Chanh District; Cu Chi Logistics Center in Cu Chi District; Hiep Phuoc Logistics Center in Nha Be District. It is expected that the total area of these centers is 623 hectares.

According to Mr. Ha Ngoc Son, Head of the Import-Export Management Department under the Department of Industry and Trade of HCMC, if this proposal is approved, Linh Trung Logistics Center and Cat Lai Logistics Center will be built in 2023. Linh Trung Logistics Center is adjacent to the cargo flow of Binh Duong and Dong Nai provinces. These warehouses can be considered as a funnel to pour goods to Ho Chi Minh City, passing through Linh Trung’s area is the shortest way for goods to HCMC.

Mr. Ha Ngoc Son added that the Ho Chi Minh Export Processing Zone and Industrial Park Authority and Linh Trung Industrial Park Management Board also requested the Department of Industry and Trade to advise the municipal People’s Committee to allow their participation in the center, then this area will be expanded and solve the problem of domestic logistics. 


Fresh port charges hit HCM City’s logistics

Fresh port charges hit HCM City’s logistics

Despite strong objections among businesses, Ho Chi Minh City will start collecting infrastructure and service fees at seaports from July 2021, triggering concerns over logistics cost increases.

HCM City approves 8 projects to boost industry, trading, e-commerce, exports

HCM City approves 8 projects to boost industry, trading, e-commerce, exports

The HCM City Department of Industry and Trade said eight key projects have been approved by the city government to promote the industry, trading, e-commerce, and exports and facilitate goods transport.


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GSE Industry in ASEAN Region Next Big Thing | Prominent Companies: Adelte Group S.L, Avia Equipment Pte Ltd, Cavotec SA, Guangta, IMAI Aero-Equipment MFG. CO. LTD., ITW GSE, JBT Corporation, Textron Ground Support Equipment INC, TLD, and Tronair

GSE Industry in ASEAN Region Next Big Thing | Prominent

Surge in cargo and air traffic, objective of airports on enhancing efficiency, high standards of service, and increase in leasing of equipment fuel the growth of the ASEAN ground support equipment market. Indonesia held the highest share in 2018, and is estimated to maintain its lead in terms of revenue by 2027. The ground support equipment industry suffered economic & financial losses along with uncertainties during pandemic.

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According to the report published by Allied Market Research, the ASEAN ground support equipment market generated $674.17 million in 2018, and is expected to generate $1.19 billion by 2027, witnessing a CAGR of 9.8% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, and competitive landscape.

Increase in air traffic and cargo, focus of airports on improving operational efficiency, high service standards, and leasing of ground support equipment drive the growth of the ASEAN ground support equipment market. However, high initial investment hinders the market growth. On the other hand, focus toward procurement of greener GSE and emerging usage of wireless technology present new opportunities in the coming years.

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Covid-19 Scenario:

As Covid-19 pandemic impacted all the sectors across the globe, the ground support equipment industry underwent economic & financial losses and significant uncertainties. The manufacturing activities were hindered and shortage of raw materials occurred.
Air travel had been banned to restrict the movement of people and curb the spread internationally. This resulted in cancellation in flights and declined the demand for ground support equipment. The demand is expected to get back on track as air travel restrictions are lifted off.
The report provides detailed segmentation of the ASEAN ground support equipment market based on equipment type, type, power source and country.

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Based on type, the motorized segment accounted for the highest market share, contributing to more than half of the total market share in 2018, and will maintain its lead position during the forecast period. Moreover, this segment is projected to grow at the highest CAGR of 10.2% from 2020 to 2027. The research also analyzes the non-motorized segment.

Based on power source, the electric segment contributed to the highest share, holding more than two-fifths of the total market share in 2018, and will maintain its leadership status throughout the forecast period. Moreover, this segment is expected to portray the fastest CAGR of 10.7% from 2020 to 2027.

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Based on country, Indonesia accounted for the largest share in 2018, contributing to nearly one-third of the total share, and will maintain its dominant share in terms of revenue by 2027. However, Vietnam is expected to manifest the largest CAGR of 13.2% during the forecast period.

Leading players of the ASEAN ground support equipment market analyzed in the report include Adelte Group S.L, Cavotec SA, Avia Equipment Pte Ltd, IMAI Aero-Equipment MFG. CO. LTD., Guangta, JBT Corporation, ITW GSE, TLD, Textron Ground Support Equipment Inc., and Tronair.

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ASEAN Ground Support Equipment Market to Rake $1.19 Billion by 2027 |

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Worldwide Coniferous Wood Fuel Industry to 2025 – Increase Profit Margins –


The “World – Wood Fuel (Coniferous) – Market Analysis, Forecast, Size, Trends and Insights” report has been added to’s offering.

This report has been designed to provide an in-depth survey of the global coniferous wood fuel market. It outlines the latest data sets of quantitative medium-term perspectives, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the world. The forecast displays market prospects to 2025.

Countries coverage: Worldwide – the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:

Coniferous wood fuel market size and volume;
Coniferous wood fuel market trends and prospects;
Global coniferous wood fuel production and its dynamics;
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Non-Surgical Skin Tightening Devices Market Introducing New Industry Dynamics Through Swot Analysis 2021| Alma Lasers, Ltd, Fotona d.d., Venus Concept Canada Corp

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“Non-Surgical Skin Tightening Devices Market is growing at a High CAGR during the forecast period 2021-2027. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”.

Non-Surgical Skin Tightening Devices Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

Top Key Players Profiled in this report are:

Alma Lasers, Ltd, Fotona d.d., Venus Concept Canada Corp, Sciton, Inc, EL.En. S.p.A, Lynton Lasers Ltd, Lumenis Ltd, Solta Medical Inc, Strata Skin Sciences, Cynosure, Inc, Lutronic Corporation, Cutera Inc, .

The key questions answered in this report:

  • What will be the Market Size and Growth Rate in the forecast year?
  • What are the Key Factors driving Non-Surgical Skin Tightening Devices Market?
  • What are the Risks and Challenges in front of the market?
  • Who are the Key Vendors in Non-Surgical Skin Tightening Devices Market?
  • What are the Trending Factors influencing the market shares?
  • What are the Key Outcomes of Porter’s five forces model?
  • Which are the Global Opportunities for Expanding the Non-Surgical Skin Tightening Devices Market?

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Non-Surgical Skin Tightening Devices market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Non-Surgical Skin Tightening Devices market’s trajectory between forecast periods.

Global Non-Surgical Skin Tightening Devices Market Segmentation:

Market Segmentation: By Type

Laser-based Devices
RF Devices
Ultrasound Devices

Market Segmentation: By Application

Dermatology Clinics
Beauty Clinics

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Regions Covered in the Global Non-Surgical Skin Tightening Devices Market Report 2021:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The cost analysis of the Global Non-Surgical Skin Tightening Devices Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Non-Surgical Skin Tightening Devices market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Non-Surgical Skin Tightening Devices market.

Table of Contents

Global Non-Surgical Skin Tightening Devices Market Research Report 2021 – 2027

Chapter 1 Non-Surgical Skin Tightening Devices Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Non-Surgical Skin Tightening Devices Market Forecast

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German experts’ outlook on the maritime industry

The shipbuilding industry currently sees the Chinese financing phasing out the western one, smaller ship owners opting for alternative financial schemes with shipping companies requiring state support for introduction of green fuels. Meanwhile, the world trade centre is gradually shifting from China to other Asian countries and ship owners are looking into ways towards autonomous shipping. Those issues were discussed by the market experts at the German Maritime Forum and SMM Digital.

Germany has the 4th largest merchant fleet; is the 3rd largest exporter (50% by sea); German shipping banks finance 13% of the world’s shipping bank debt; German ship owner account for 2% of the global orderbook only; Only 24 ships run on alternative fuels (#11 in the world).

Participants of the Annual German Maritime Forum and the SMM Digital discussed the current market situation and the key trends.

Financial tunes

Among the trends in shipbuilding financing is the growing share of Chinese banks and the shift of smaller ship owners to alternative ways of raising funds, such as high yield bonds, convertible debts, capital and operating leases.


Chinese containership

Capt. Alfred Hartmann, President – German Shipowners Association; Chairman – Hartmann Group, stated the decline of state financing in Germany over the recent years.

“Traditional banks involved in financing shipping sector have exited the sector due to the financial crises after 2008. Following the reduction of traditional financing, German shipowners have tuned to alternative financing sources. This was particularly difficult decade for majority of small and midsize shipowners as traditional lenders are generally focusing on large shipping clients due to regulatory management requirements. As a result, shipowners are increasingly interested in considering structures as high yield bonds, convertible debts, capital and operating leases”, he said emphisizing that almost 80% of German shipowners are small and medium size entities.

Mr. Jens Dose, Head of International Shipping – M.M. Warburg & Co., comments: “German Ship Finance has seen a dramatic change over the past few years. Many banks have left the market; the volume of ship finance has decreased substantially”.

According to Dr. Marco Albers, Head of Transport & Export Finance – DekaBank Deutsche Girozentrale, Chinese leasing is a partial solution to bridge the funding gap which resulted also from the exit of some (German) shipping banks. However, involvement of Chinese capital brings certain risks. Dr. Marco Albers shared his thoughts about challenges of dealing with Chinese leasing companies. “First of all, instead of a shipping company you get a Chinese leasing company which is usually being backed by a Chinese bank. We have the opportunity to apply regulatory base to use Chinese rating to the transaction… swap a shipping company rating to the Chinese bank rating. Have to look at the project behind a Chinese leasing structure. So the project has to stand on its own. It has to be a strong, sound company. Then we put it all together”, he explained.

Asian accent

Asian shift is observed not only in the financial sphere but also in logistics with the “center of balance” moving from China to other fast growing economies such as India, Indonesia and Vietnam. That should be attributed to the growing standard of living in China and, consequently, to production cost increase there.

Otto Schacht, Executive Vice President of Global Sea Logistics, Kuehne Nagel International AG, said that “the pandemic has proved, especially after the first lockdown in China, that some companies’ production is too dependent on only China”.  According to him, we see a trend towards India, besides Vietnam and Indonesia. “Some companies start focusing also on India. Not 90% China but 60% China and 20% India”, he said adding that Indian trade would definitely grow.

Cargo flows are also influenced by geopolitics. According to Mark Frese, CFO, Hapag-Lloyd AG, “one aspect was in before the Covid crisis – trade restrictions amid the conflict between US and China which caused some movements to Vietnam”. The expert also says that “over a couple of years we might see some trends to higher stock levels and that will have an effect on logistical structures”. Yet he believes that Far East trade lane from China to the west coast of America and from Asia to Europe will be a big part of the total network and that will stay for a very long period.

According to Christian Koopmann, Managing Director of PWL Group; President of German Shipbrokers Association (ZVDS), “There has been quite a shift to Vietnam because the standard of living has gone up in China, the cost of production has gone up. That is one of the reasons why the certain portion of production has moved to other areas”, he said adding that Asia is still the biggest and growing market.


Among the trends of global shipping is the focus on reduction of emissions from ships through transition to green fuels. That means an additional financial load on ship owners and also requires additional time for testing of new technologies.


Hydrogen-powered yacht Sinot Aqua

According to Alfred Hartmann, “Decarbonizing of shipping is a very big issue. We have to know that volume, quantity of cargo increased by 20% between 2008 and 2018 and the emission increased by 10%. EU ships are better than the previous ships with our companies having reduced carbon emissions by 25%.”

Since introduction of alternative fuels is expensive, the speaker emphasized the need for state support. “We need to have the fuel worldwide and take that fuel in any part of the world. As shipowners we are very serious, we look for that, we investigate, we invest a lot of money in that in new technology, but for the time being there’s not sufficient alternatives. So what we need: we need to invest in research and development. Not only companies but also goverments worldwide should invest in new distribution systems, availability in subsidies. When it comes to payments, the willingness is not very high to pay additional money in green shipping. We know we’ll have to decarbonize as sooner as better. But it has to come from the goverments, the society.

When speaking at the online opening press conference for SMM DIGITAL, Knut Ørbeck-Nilssen, CEO of GL – Maritime, referred to gas a bridging fuel ensuring a transition to carbon free fuels.

““Gas is certainly a bridging fuel. That is really quite a long bridge but it brings us forward to … decarbonization through bringing in e-fuels which later on will give a lot of flexibility. So gas, although not in itself the perfect solution, it certainly can be a really good pathway to decarbonization especially when you bring in the e-fuels”, said the speaker adding that exploration of different opportunities should be continued at this stage.

According to him, “methanol and ammonia has quite a bit of potential and something that certainly needs to be followed closely”.

“Hydrogen, although maybe not suitable for the deep-sea shipping segment because it takes a lot of volume,  could be a source of producing more suitable fuels to be brought onboard», said Knut Ørbeck-Nilssen.

He emphasized the need to explore a lot of different pathways as there are lots of opportunities. The expert says we should not forget that, although doing energy efficiency measures makes a lot of sense as well as being able to have the vessels in place at the right time without overspeeding to meet the contractual requirements to be at a certain port at a certain date and then sit outside at the port waiting for cargo to be loaded, there are many things to be worked on. Knut Ørbeck-Nilssen believes that in the overall context of digitalization and increased transparency there is a lot to do towards increasing the efficiency within the industry. 

“My bet would be on gas, on methanol and ammonia and then we should continue to explore a lot of other alternatives”, concluded the expert.

To man or not to man

One more trend is the development of autonomous and unmanned shipping which is also a great challenge.


Autonomous ship design by Rolls-Royce

When speaking at SMM Digital, Oskar Levander, SVP Business Concept, Kongsberg Maritime, told about various systems intended to help the crew and assist the captain. He mentioned automatic crossing, autopilot, situational awareness system, etc.

According to the speaker, “autonomy does not necessarily mean unmanned but at the same time there will be manned vessels with a certain amount of autonomy”. There can be ships with full manning that will use a certain level of advisory system to help make the ship more safe and efficient. There can be reduced manning or periodically unmanned bridge with the crew still onboard. “The next step is that you bring some shore operation into this and take this remote operation and basically give an additional advisory level to the ship or run it part time from a shore but you still have the crew onboard”, tells Oskar Levander adding that it can be applied for cargo vessels or ferries remotely operated from a shore while having crew onboard taking care of the passengers and doing the value-added activities onboard. “And then the next step is an actually unmanned ships. You can have a remote operated vessel or one with remote supervision. There are different levels of autonomy. Here we usually say that constraint autonomy is the maximum level that we see as attractive”. The expert believes that full autonomy with no crew ashore or onboard is not very likely.

Oskar Levander emphasized that the right solution depends a lot on ship type and a business case. According to him, around one third of the vessels have an economical driver to make them unmanned.

Considering the pathways to the remote and autonomous shipping, he said it is reasonable to proceed quite quickly to a high level of autonomy but start with smaller applications like tugs, ferries and smaller vessels where we already from the beginning have a very strong business case to do it. The vessels size can be gradually increased when the technology becomes more proven and reliable.  “So we start locally with small vessels where we have a good business case for it.

I think this pathway will be quicker if you have an economical incentive behind it”, said Oskar Levander.

Among the current projects in this area he named a small USV sounder, a development project Autoship for a transition to the next level of vessels size (an EU project). Kongsberg Maritime is developing a remote and autonomous Ro-Ro vessel for Asko that will transport trucks across the fiord. “Basically, there intention is to make that voyage faster, take off congestion from the road but at the same time to reduce emission. This is a full zero emission vessel which is battery powered”, told the speaker.

As Andreas Schell, CEO, Rolls-Royce Power Systems, told IAA PortNews, the autonomous shipping is a trend which is expected to intensify.

“It will not come overnight. It will rather come in phases and we have a lot of activities going on in regard of autonomous shipping. We concentrate right now to make ships ready for this. One example is an Artificial Chief Engineer on a vessel. Another aspect is a remote service as an enabler of getting into this remote activity. Another example is equipment health monitoring and we have a running prototype already”, said Andreas Schell adding that we also need a link from bridge to propeller when it comes to autonomous shipping.  “This is a part of our strategy and in December we did make an important acquisition – we announced that we acquired Servowatch Systems which is basically a company that will allow us have the latest technology in the bridge technology available”, he explained.

Cost makes all the difference

Ultimately, all these are economic issues. Introduction of alternative fuels is certainly expensive and therefore it requires state subsidies. Autonomous shipping will come at a price at least at the phase of technology development although it will later allow for cost and risk reduction. Therefore, availability of financing is an acute issue. As of today, financial institutions of China win the race supported by the entire economic strength of the country interested in attraction of customers for loading of their own production facilities. Meanwhile, China is gradually approaching the middle income trap while losing the momentum in Asia.

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