Tuesday 27 December 2016

Wiper System Market Analysis, Size, Share, Growth, Industry Trends and Forecasts to 2024 | Hexa Research

Global Wiper Systems market is expected to witness substantial growth over the forecast period on account of the steady increase in the production of automobiles in the developing countries. Wiper systems are used for removing dust, snow, ice, rain and debris from the windshield of an automobile especially during bad weathers preventing accidents and ensuring the safety of drivers and passengers. Nearly all the automobiles, commercial such as trucks, buses, train locomotives, and non-commercial such as household cars have wiper systems attached to their windshields. Wiper systems have developed radically over the years and have witnessed considerable technological advancements which have changed wiper system into sophisticated products offering various benefits such as durability and usage comfort to the consumers. The manufacturing of wiper systems is highly dependent on the demand for new vehicles in the market.
The future market growth is expected to arise from the improvements in product performance coupled with enhancement in aerodynamic designs, superior styling, and noiseless functioning. The wiper system market is anticipated to grow substantially owing to the demand of automotive in the global market. The improving socio-economic scenario has fueled the demand for luxury and premium vehicles owing to increasing research and development projects in the automotive industry which have eventually led to the development of wiper systems. Hatchback cars use wiper systems for rear windows and some expansive vehicles use wipers for headlamps owing to increasing demand for wiper systems.


Rising population and vehicle traffic has led to enforcement of stringent norms on the safety of drivers and passengers which are expected to increase the responsibility of manufacturers in the improvement of superior wiper systems. Research and development projects are increasing considerably in automotive industry leading to outsourcing the manufacturing to the exclusive wiper system manufacturers.

The wiper systems are categorized on the basis of functioning into, tandem system, opposed arm single arm (controlled) system, radial sweep pattern (top & bottom mount), pantograph sweep pattern (top & bottom mount) and on the basis of number of arms into, single arm system and double arm system. Components of a wiper system include wiper arms, wiper blades, jet wiper & washer and a motor that controls the movement of the wipers. The use of double armed wiper system has been growing significantly since its invention owing to its efficient functioning and thorough cleaning. The rain sensing wiper system is the new advancement in wiper system production industry which uses the electro-mechanical concept and can be manufactured at a very low cost.

Wiper system market is a very niche market and application is restricted to vehicles and other transportation automobiles. There has been a substantial increase in the manufacturing of the wiper systems as the demand for a vehicle is increasing and there is a growing awareness in the field of traffic safety norms. The usage is more in the countries with the tropical weather as the need of efficient wiper systems is substantial compared to other countries. The market is anticipated to grow eventually owing to the rising global population leading to demand vehicles and rising use of public transportation which is expected to eventually increase the demand for wiper systems across the globe.

Growing awareness for traffic safety has to the implementation of various rules and regulations such as Cap 374F Road traffic (Safety Equipment) Regulation and The Traffic Safety Act which has led to the development of technologies to reduce the cost of production and manufacture efficient functioning wiper systems.

In North America, the market is anticipated to experience sluggish growth on account of slowdown in 2013 & 2014. The wiper systems usage is restricted to cars and light trucks owing to a restrictive growth. In Central America, the market is expected to grow eventually as the purchasing power of the consumers is increasing. Same is the case of some regions in Asia-Pacific such as Japan where purchasing power is weak owing to the Europe crisis. China and India are developing economies owing to which growth is anticipated as the consumer demand is increasing. The Central American market is expected to grow considerably as the per capita income is increasing. The Middle East & African market is anticipated to become the second largest market after Asia-Pacific as the purchasing power of consumers is increasing drastically owing to the changes in Government regulations.

Key market contributors include Advanced Prototyping Inc., AlphaTherm, American Mitsuba Corporation, ASMO Manufacturing Inc., C & H Die Casting Inc., Denso Corporation, DOGA S.A., Federal-Mogul Corporation, PMP Auto Components Pvt. Ltd., Robert Bosch GmbH, Trico Products Corporation, Valeo S. A. and WEXCO Industries Inc.


About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Friday 23 December 2016

Light Vehicle Seating Market Share, Growth, Industry Trends and Forecasts, 2016 To 2024 | Hexa Research

Light Vehicle refers to the commercial carrier vehicle that does not weigh more than 3.5 tons. Safety features and enhanced comfort are the major factors for the increased demand of these light vehicle seating’s market. New designs using new materials assembly mechanisms and foams are expected to drive the market demand. Safety, comfort, and flexibility are the major drivers of this industry. Changing customer preferences have forced manufacturers to find innovative ways to cave into the rear seat rows. The seats of the vehicle are now comfortable and safer than it used to be before. Innovation and development are taking place at a faster rate in the light vehicle seating market. Rather than focusing on seating ergonomics, manufacturers are now focused on integrating fragrances, diverse seat fabrics, and added waterproof & breathable surface designs.  Changing customer needs on seating arrangement is expected to have a positive impact on market growth.
Sports vehicles are the major contributors to the market demand for light vehicle seating. The other contributors include cars and trucks. Manufacturers are also working on reducing the weight of the vehicle by reducing the weight of seating in vehicles. Major players are also innovating to integrate seat heaters thatwould provide warmth to all parts of the seat in order to satisfy customers. While there is an increase in the seat heating industry, demand for seat cooling is expected to gather momentum overthe forecast period.
The dominant region in the light vehicle seating market is Asia Pacific. The growth in this region can be attributed to the growing disposable income of population and the presence of manufacturers in this region. The demand for small cars is prominent in this region that is aiding the growth of light vehicle seating market in this region. Japan is driving market growth in this region due to the presence of major automobile manufacturers in the country. North Americais the second most dominant region owing to increased demand for automobiles in the region. The growing interest rates can hinder market growth of light vehicle seating market in this region. The growth in this region is driven by the presence of manufacturers in the U.S and the research and innovation efforts carried out by the manufacturers. The European Light Vehicle Market is also growing substantially due to increasing demand for small vehicles.
The key manufacturers in this market include LEAR Corporation, Johnson Controls, Magna International, Faurecia SA, NHK Spring Co., TS Tech Co., Tachi-S, Toyota Boshoku Corporation, Toyo Tire and Rubber Co, Ltd., Woodbridge Group, Recticel SA, Grupo Antolin Irausa S.A., Kongsberg Automotive, Sharda Motor Industries, Grammer AG, Freudenberg, Dura Automotive Systems LLC, CVG Seating, Gentherm Inc., ContiTech, Brose Fahrzeugteile GmbH & Co.KG, Aisin Seiki Co., Ltd., and Autoliv.
The market is characterized by merger and acquisition activities. Large market players are integrating backward by acquiring small manufacturers to increase their dominance. Lear Corporation was acquired by Guilford Mills for approximately USD 257 million in 2014. The European manufacturers of Light Vehicle Seating are targeting small manufacturers in China due to growing automobile market in the region. Johnson Controls earns more than USD 6 billion of revenue from the Chinese market.
Lear Corporation offers seating in various materials as well as with added advantages of smart technologies to ensure better seating experience for customers. Johnson Controls is one of the leading manufacturers of Light Vehicle Seating and servescustomers such as Volkswagen, Porsche, and Volvo. Magna International is one of the leading organizations engaged in the innovation ofseating and improving seating experience. They offer complete seating systems, mechanism solutions, seat structure solutions, and foam & trim products. The research and innovation efforts at Faurecia are targeted towardsdeveloping lightweight seat mechanisms, advanced comfort systems, and integrated systems. The Woodbridge Group manufactures light vehicle seating under the ComforTech brand. 
Browse Related Category Market Reports @
 About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Wednesday 21 December 2016

Fuel Cell Vehicles Market Size, Share, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The global fuel cell vehicles market is expected to grow at a fast pace over the next seven years owing to the stringent environment regulations by regional bodies including REACH and EPA to limit harmful emissions from vehicles which have resulted in several environmental and health problems.
Fuel cell technology for vehicles is gaining prominence globally owing to its environment-friendly and uniqueness in nature. The technology has the capability to power numerous vehicle types including the airport, passenger, power forklifts, and heavy duty tugs.
Various product features such as noise free operations and high energy efficiency & density conversion have been surging their demand in various automotive types and trend is expected to continue over the next eight years. Major automobile manufacturers have also started implementing fuel cell vehicle program to follow emission standards by aforementioned regulatory bodies.
To reduce environmental effects from vehicles emission, the U.S. Department of Energy has fixed certain standards and goals. Fuel cell vehicles are highly proficient and meet various standards, which makes them a most suitable substitute to standard fuel-based eight. This factor is expected to be one of the key drivers for industry growth over the next seven years.
Durability is one of the most important factors for consumers worldwide. There is a definite durability range set by the U.S. Department of Energy. The product is considered to meet these ranges which are expected to fuel demand over the forecast period. Increasing demand for fuel cell based automobile is also anticipated to create numerous business prospects and employment mainly in R&D field as the market is still in its developing stage.
The products are primarily employed in the transportation sector which helps in expanding energy sources and reduces environmental effects, such as lower carbon emission levels, causing less global warming and greenhouse effect and hence decrease in air pollutants. This is expected to have a positive impact on the industry over the next eight years.
As per National Research Council, there has been a reduction in greenhouse gasses emission level over the past few years owing to increasing hydrogen-based fuel cell vehicles. The study also stated that there is a collapse in oil consumption level, chiefly in the transportation sector. Reduction in oil consumption and in requirement of oil import while greenhouse emissions and minimal air pollutants will result in no climate change. Reduced dependence on oil imports will further effect into deficit trade balance, largely in emerging regions.
National Research Council mentioned that the commercialization of vehicles is expected to start in 2015, and the number of automobiles is expected to grow over 2 million by 2020. Increasing demand primarily in public transit systems is anticipated to drive the global market over the next eight years.
Global fuel cell vehicle market is segmented into forklifts, airplanes, submarines, buses, motorcycles & bicycles, trams, and boats. The buses segment is anticipated to account for majority market share followed by bicycles & motorcycles. Forklifts and airplanes are expected to grow at a substantial growth rate over the forecast period.
Geographically, the global fuel cell vehicle market is segmented into North America, Asia-Pacific, Latin America, Middle East and Africa, and Europe. North America is anticipated to witness significant growth over the next eight years owing to numerous government initiatives for the advancement of hydrogen infrastructure to encourage hydrogen fuel cell vehicles in this region. The U.S., Germany, France, the UK, and Italy are projected to account for highest growth in these regions primarily due to rising R&D endeavors by the companies and presence of large market players dedicated to the developing technology.
Asia-Pacific is expected to witness the fastest growth over the forecast period owing to government initiatives encouraging the technology mostly in emerging nations such as China, India, Vietnam, and South Korea. These are projected to account for the significant market share in the region on account of rising industrial application, economic developments and technology adoption for various industrial operations.
The Middle East & Africa is projected to see significant growth over the next eight years owing to increasing urbanization, globalization, and industrialization. The market has high potential due to growing economic development and rising purchasing power parity of consumers.
Key players dominating the global industry include Acumentrics SOFC Corporation, Altergy Systems, Automotive Fuel Cell Cooperation Corp., BIC Consumer Products, Cellkraft AB, Ballard Power Systems, Ceramic Fuel Cells Ltd. While, other significant players include BMW, Audi AG, GreenGT, Proton Power Systems PLC, Hydrogenics, Nissan, Toyota Motor Corporation, Daimler AG, Ballard, and VW Group. Manufacturers have been conducting extensive studies and research for technological developments. The market is likely to witness a considerable number of new entrants over next eight years.
Through mergers & acquisitions and strategic expansions, numerous companies have been trying to cater large customer base. Rising R&D expenditure and continuous innovation are expected to be key strategies over the next eight years to develop premium and high-value products with an optimum cost for the highly price sensitive industry.

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin : https://www.linkedin.com/company/hexa-research 

Tuesday 20 December 2016

Aircraft Engine and Equipment Market Share, Growth, Industry Trends and Forecast to 2024 | Hexa Research

The global aircraft engine and equipment market is expected to witness substantial growth over the forecast period on account of a surge in demand for advanced aircraft which is influenced by an entry of new airlines and expansion of existing airlines. Furthermore, factors such as obsolete aircraft and technology, demand for fuel efficient engines, increasing air travel, the considerable growth of emerging markets are expected to be the drivers of aircraft engines and equipment market growth. The industry manufactures aircraft engine and engine parts, fuselage, rotor, propeller, landing gear, electronic control, hydraulics and avionics systems. Aircraft engines and components comprise of about 45% of the global market.
Rising demand for private and commercial airplanes owing to changing trends in air travel, increasing population and consumer disposable income are expected to drive the market forward. World economy catalyzing urbanization and emergence of the middle class are keys to the expansion of airline industry leading to increasing demand for aircraft engines and equipment. Technological advancements along with developing innovative trends such as M601H-80 Turboprop Derivative Engine II-49 and launch of the G3-R9 II-48 market are also one of the factors anticipated to drive the market.
The focus of the industry is in the manufacturing of fuel efficient engines, leading to the manufacturing of low-cost aircraft which is expected to drive the market even further. Furthermore, recent collaborations such as Jet airways and Etihad, Avidyne Corporation, Eagle Creek Aviation Services, Inc., Edge Aviation Services, and Lone Mountain Aviation is anticipated to foster the aircraft engines and equipment market growth. However, reduction in defense expenditure is anticipated to hinder the aircraft engine and equipment market in the forecast period.
The market is further categorized on the basis of the commercial aircraft jet engine market by engine type into turbofan and turboprop. Furthermore, the commercial aircraft market is categorized on the basis of components into engine, airframe, systems, avionics, interior and landing gear. On the basis of aircraft type into large widebody, medium widebody, small widebody, narrow body, regional jets and business jets. The market is also segmented on the basis of application into civil and military. Aircraft engines and equipment market is further categorized on the basis of business sectors into integrated aero structures, engine systems, transparency systems, integrated propulsion systems, special products, wiring systems and landing gears.
Several distinctive factors are anticipated to pose a challenge for the aircraft engines and equipment industry such as the complexity of technology, its high regulatory, quality and safety requirements, the critical importance of intellectual property safety in sectors such as aircraft engine and avionics. Furthermore, the production of the industry is lower than any other industry owing to the bulky products and the high level of product design and customization. The U.S. and European standards are largely based on the global aviation standards and are accepted worldwide. Air Control Pollution Law is another regulation for conservation and safety of the environment. Rolls Royce follows the Engine Health Management to keep track of the numerous engines all over the world.
The market of Asia Pacific region is expected to grow at the substantially and at a higher rate owing to the increasing population and consumer demand and growing trade link between countries. Furthermore, growing modernization strategies and low-cost carrier supply by the Philippines is anticipated to foster Asia Pacific market. Increasing cargo, passenger hubs, deregulation and inter-regional trade are few other reasons which are anticipated to drive Asia Pacific market. The North American market is estimated to witness sluggish growth on account of the reduced expenditure on defense due to decreased involvement of the U.S. overseas. The Latin American aircraft engine and equipment industry continue to evolve on account of economic growth, market liberalization, new investments in airlines, infrastructure and liberalization market, cross-border airline consolidation and fierce competition. The market of European region is expected to grow as low-cost carriers are anticipated to drive efficiencies across the global aircraft engines and equipment industry. The market of Middle East is anticipated to grow owing to its geographical location. Furthermore, Gulf governments are leading investors in aviation projects fostering Middle Eastern aircraft engine and components market forward.
Few of the major contributors in the market include Airbus S.A.S., American Champion Aircraft Corporation, BAE Systems, Kawasaki Heavy Industries, Bell Helicopter Textron Inc., CFM International, Inc, Defense and Space Co, Fokker Aerostructures B.V., GE Aviation, Pratt & Whitney International Aero Engines, MD Helicopters Inc., Rolls-Royce, European Aeronautic, Safran, Thales, and Zodiac.
Browse Related Category Market Reports @

About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Thursday 15 December 2016

Automotive Robotics Market Analysis, Size, Growth and Forecasts, 2016 to 2024 - Hexa Research

The global automotive robotics market is predicted to grow at a CAGR surpassing 11% over the forecast period (2016-2024). The market is likely to exceed USD 16 billion by 2024. Demand for trucks, cars, buses, and off-road vehicles will drive the industry. Growth in automotive manufacturing will increase the demand for automotive robots. Investment in new production capacity of emerging markets could add to market growth. Modernization in automobile manufacturing can stand to benefit the market.

Improvements in technology, production capacity, and sustainability are expected to augment demand. Investments to enhance production capacity in fledgling markets will also play a key role.  Greater need for precision & quality control stimulates the demand for automotive robotics. The lack of skilled labor and rising wages are the other market drivers. However, high capital investment, uncertain return on investment, and lack of skilled labor for mechanical operations can inhibit industry growth.


The global automotive robotics market is split into applications, products, and regions. Applications include automated guided vehicles (AGVs), assembling, painting, welding, cutting, and dispensing, among others. Robots are deployed to find the minutest manufacturing differences in handling activities. The robot-to-robot work ensures quality and efficiency of the product.

Painting of a vehicle is an integral part of its manufacturing process. It calls for consistency and precision throughout production. When used for painting, automotive robots employ flow meters. These reduce wastage and ensure that the paint is evenly coated on the vehicle body. Companies direct their R&Ds towards enhancing productivity and reducing costs & delivery time.

Furthermore, automotive robots perform tasks, such as laser welding, machine loading, material handling, packaging, parts leaning, palletizing, pick & place, polishing, sealing, spraying, and welding. These applications can augment market demand during the forecast period.

Based on products, the global market is fragmented into Cartesian robots, articulated robots, selective compliance assembly robot arm (SCARA), and others. The articulated robots segment is projected to register the highest CAGR in the years to come. This segment will continue to dominate the global market. Activities, such as arc welding, de-assembling, cutting & milling, coating, grinding, gluing, spot welding, and handling of metal casting drive the demand for articulated robots. SCARA are primarily used for inspection of finished products, assembly cells, and tightening of screws.
Regions in the automotive robotics industry are North America, Europe, Asia Pacific, and Rest of the World (ROW). Asia Pacific is expected to witness substantial growth owing to rapid industrialization and rise in manufacturing activities. The China market will expand significantly because of government regulations and the availability of funds supporting domestic players. The country could exhibit high demand for robotics from its manufacturing sector by the end of 2017. Demand for automation in electronics and automotive industries will fuel this region. The U.S. automotive robotics industry will add to the growth of the North America market. With Germany contributing significantly to industry growth, the Europe automotive robotics market is expected to perform favorably.

Participants in the worldwide automotive robotics industry are the ABB Group, KUKA AG, Yamaha Robotics, and FANUC Corporation. These companies focus immensely on R&D to develop innovative technology. They also partake in mergers & acquisitions to enhance their market shares.


About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Monday 12 December 2016

Automotive Sunroof Market Analysis, Size, Share, Growth, Industry Trends and Forecasts, 2016 to 2024 - Hexa Research

The worldwide automotive sunroof market was valued at around USD 4.70 billion in 2014. The industry is expected to grow at nearly 10% CAGR and surpass USD 9 billion from 2016 to 2024 (forecast period). The use of smart glass in vehicles is anticipated to impel industry growth in the coming years. Rising vehicle owners and worldwide population have contributed to added market sales. Growing popularity of automotive sunroofs has also contributed to overall demand. Furthermore, the after-sales trend in the Asia Pacific region has furthered market growth.

Consumers expect more comfort in their cars, with such a roofing system. They opt for sunroofs & other luxurious features for their economy-class vehicles. Around half of all new cars sold will be fitted with sunroof systems in the years to come. These would include convertibles, full glass sliding, and retractable hardtops. Alternate fuel vehicles may encourage car manufacturers to make ‘built-in solar cell’ sunroofs, powering vehicles. Technological developments in solar roofs for EVs (Electric Vehicles) can propel the global Automotive Sunroof Market in the forecast period.


The Automotive Sunroof Market is divided into applications, products, and geographies. Products include fabric and glass. It is expected that the glass segment may continue to dominate the global market from 2016 to 2024. Glass is further divided into pop-up, inbuilt, spoiler or tilt & slide, top mount, and panoramic. The panoramic or the vista roof segment can grow at a CAGR exceeding 15% in the forthcoming years. Greater preference for bigger sunroofs contributes to its demand.

Fabric sunroofs include foldable or rag-tops and removable sunroofs. The fabric sunroof industry in Europe and North America is mainly driven by demand for foldable sunroofs. Most vehicle manufacturers provide either inbuilt or optional systems, in their mid to premium range of cars. The inbuilt glass car sunroof industry contributed to more than 40% of the total market shares in 2014. This industry may expand at over 7% CAGR till 2024. Increasing aftermarket & factory-installed product demand could stimulate the Automotive Sunroof Market.

On the basis of applications, the industry is divided into hatchback, premium cars, sedan cars, and others. The premium cars segment is popular in regions, like India, South Korea, China, and Thailand. Rising demand for luxury cars in these markets is attributed to rising disposable incomes.

Geographies in the global Automotive Sunroof Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). North America and Europe may exhibit significant growth from 2016 to 2024. The Europe sunroof industry was estimated at around USD 1.7 billion in 2014. It is projected to grow at nearly 9.5% CAGR in the coming years. A key factor driving this market is the demand for luxury vehicles in the U.K. and Germany.
The Asia Pacific sunroof market can witness a growth of over 11% CAGR till 2024. Emerging automotive manufacturing hubs in countries, like India, China, and Japan can contribute to the demand in this region.

Key players in the global Automotive Sunroof Market are Webasto, Inalfa Roof Systems, Johnan America Incorporated, Mitsuba Corp, and Inteva Products. Partnerships, new product development, and research & development, are the main business expansion strategies adopted by these companies.


About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Tuesday 6 December 2016

Driver Assistance Systems Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

Driver assistance systems market is expected to grow at a significant pace from 2016 to 2024 owing to the increased demand for premium passenger cars. Factors such as growing number of households, economic prosperity, increase in people holding driving licenses and growth in employment contributes to the increasing passenger car demand.
Furthermore, motor vehicle safety regulations and government mandates such as air bags and ABS is expected to accelerate the technological adoption. The European New Car Assessment Program requires vehicles to be equipped with emergency autonomous braking to receive highest safety rating. Asian countries such as India, China and Japan are also planning to introduce such mandates. The manufacturers are required to abide by such regulations and are expected to spur the industry demand.
Furthermore, according to Insurance Institute for Highway Safety (IIHS) approximately 1 in 5 injury crashes and 1 in 3 fatal crashes could be prevented if all vehicles are equipped with systems such as adaptive headlights, blind spot monitoring, lane departure warning and forward collision warning. Moreover, they estimated that as many as 1.9 million crashes could be mitigated or prevented each year. This growing need to reduce injuries and deaths is expected to drive the demand for such systems.
The devices were debuted on high priced cars but are now becoming increasingly available on low cost cars such as Honda Accord Hybrid Touring and Mazda 6 Grand tuning. Growing awareness about passenger, driver and pedestrian safety is expected to increase the number of users opting for these cars .As these cars offer advance features with affordable prices it is expected to benefit the market over the next eight years.
On the basis of technology, market is segmented into adaptive cruise control, automated parking, forward collision warning/prevention, lane departure warning/prevention and blind spot detection/assist. These technologies alert the user by triggering warning lights, sound and sometimes physical alerts if they sense dangerous situations. Furthermore, they can even take actions such as steering back in lane and applying breaks to avoid collision.
On the basis of sensor technology, market is segmented into radar, LiDAR, camera, infrared and ultrasonic. The assistance systems use signals from these sensors around the vehicle to support the driver and can even take over some tasks by their help.
North America is expected to witness significant growth over the forecast period owing to the presence of stringent safety regulations. For instance, it is mandatory for all passenger cars in North America and Europe to be installed with tire pressure monitoring systems. These regulations relating to pedestrian, vehicle, driver and vehicle safety compel manufacturers to include the features as default offerings.
Denso Corporation, Continental AG, Delphi Automotive PLC and Robert Bosch GmbH are the key industry players. Suppliers use product differentiation as well as strategic alliances, mergers and acquisition to gain competitive advantage.
In April 2016, Denso Corporation announced that it has formed joint venture with eSOL Co.Ltd. and NEC Communication Systems, Ltd called AUBASS CO., LTD, in Tokyo, Japan to develop basic software that can support high-quality security, high-speed data communication and high-performance microcomputers for advancing in vehicle systems used for automated driving and control actions.
In November 2014, Delphi Automotive PLC announced that it has partnered with Ottomatika, Inc. which provides advanced automated driving software to jointly develop technology to accelerate the product market.
In March 2016, Continental AG announced acquisition of Hi-Res 3D Flash LIDAR. The acquisition was aimed to enhance the company’s product portfolio for advanced driver assistance system by adding solutions to the surrounding sensors needed to achieve fully and highly automated driving.
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Sunday 4 December 2016

Automated Test Equipment (ATE) Market Size, Share, Growth, Industry Trends and Forecasts to 2024 | Hexa Research

The global automated test equipment market is anticipated to grow beyond USD 4.4 billion by 2024. The growing demands for consumer electronics are projected to drive the global market during the forecast period (from 2016 to 2024). Moreover, the needs for effective testing and rising design complexity are also expected to boost the demand during the next few years. Increased electronic devices in automobile and smartphones penetration are also said to positively impact the overall market. The automated test equipment market is categorized as applications, products, and regions.

The IT & telecommunication occupied over 50 % of the overall market in 2015 due to the proliferation of smartphones tablets, computers, etc. in the market along with the growing importance of effective communication. The automotive sector is likely to exhibit a considerable growth due to rising integration of advanced electronic devices in vehicles.

The products sector of the automated test equipment market comprises discrete, memory, and non-memory. The non-memory product sector led the market in 2015 and occupied over 75 % of the total market share. The discrete product sector is generally developed in-house as companies avoid investing in costly test tools for low-cost discrete component testing. The sector is anticipated to experience a huge growth in future.

Geographically, the APAC market for automated test equipment led the global market in 2015 occupying over 70 % of the total revenue. The region is further anticipated to continue dominating the global industry over the forecast period. This can be attributed to the rapid technological improvements and the presence of several semiconductor industries in the region. The demands in the European market are characterized by reducing semiconductor consumption as well as reducing expenditure levels of the manufacturers. The rest of the world is said to experience a significant growth over the next few years.

Some of the major companies operating in the global automated test equipment market include Advantest Corp.; LTX-Credence Corp.; and Teradyne Inc. The companies are striving towards cost-effectiveness in the manufacturing process of these devices. The development of fresh instrumentation and improving test platforms along with sustaining a close relationship with consumers are projected to be the major growth strategies.


About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com

Friday 2 December 2016

Food And Beverage Industrial Robotics Market Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The Food and Beverage Industry dominates the global sector in terms of sales and volume, and robotics is expected to play a vital role in its development. Though the consumer number for industrial robotics in food and beverage is small there has been an increase in the ordering of robotics. The growth rate of adoption of industrial robotics in food and beverage industry is expected to outpace the industrial adoption of robotics in traditional industries like automotive industry and electronics industry and is expected to be so in the forecasted period. The global industrial robotics market in food and beverages industry is expected to grow with an incredible CAGR of 29% through 2019.

Browse Details of Report @ https://www.hexaresearch.com/upcoming-research/food-beverage-industrial-robotics-market

In the food and beverage industry various factors that are driving the use of automation over human labor are, hygienic and contamination free production areas, improved speed and efficiency, reduced product damage and the changing sales patterns. Increased productivity and optimized end product are also the key drivers in the use of industrial robots. It also helps in offsetting the associated labor costs related with production, and are a necessity in the market where the competition has intensified, government regulations are becoming stringent and the retailer demands are ever increasing.

Food and beverages industry has many uses for the industrial robotics including but not limited to packaging, processing and ‘pick and place’. Retail packaging and palletizing are the most sought after uses of robotics of which, the food and beverage industry leads in the retail packaging industry globally. The associated initial investment cost in installment and maintenance, smooth adoption and social concern around use of robots over humans may act as a hindrance to quick adoption of industrial robotics.

The food and beverage industrial robotics market is segmented by application in Palletizing, ‘Packaging and Repacking’, ‘Picking and Placing’ and ‘Production and Processing’. Of these, the palletizing robotics segment holds the largest section of market with almost two of every three applications based on palletizing capability and is expected to grow even further. This is largely made possible by the easy handling of objects and the consistency with which it operates. The Packaging and Repacking segment follows the Palletizing segment in terms of applications and volume it caters to.

On the basis of product, the robotics market is segmented into following segments, Articulated robots, SCARA robots, Delta robots and Cartesian robots. The Articulated robots find most wide spread use amongst others and are expected to maintain their dominance in market share. Articulated robots offer a higher degree of flexibility, and hence are useful in packaging, picking and palletizing and are predicted to maintain their growth at the highest rate.

Segmentation of industrial robotics market based on region is done in five major zones, namely, North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. In terms of annual revenue and sales volume the Asia Pacific region leads others and is followed by European region and North American region. The Asia Pacific region is expected to grow strongest owing to the growing market potential of South Asian countries.

The industrial robotics market in food and beverage industry is well diversified with international, regional and local players, yet the majority of market share is held by a few key players. The global key players in industrial robotics market are, ABB Ltd, FANUC Corp., Kawasaki Heavy Industries Ltd., KUKA AG and YASKAWA Electric Corp. There are some other prominent vendors too like, Adept Technology, Dento Robotics, Epson Robotics, Nachi Fujikoshi Robotics Systems Inc., Pari Technology, Staubli Robotics, and Yamaha Robotics.

Intense competition in the market and growing demand is leading vendors to explore new avenues in the industrial robotics market. They are looking for new opportunities and differentiating products from their competitors and increase competitiveness by heavily depending upon R&D. Development of collaborative robots, application specific robots and increased penetration in SMEs maybe the key market drivers in the coming years.

In 2014, FANUC launched Green Collaborative Robot CR-35iA, which does not require a safety fence. These robots can work with human operators and stops when it comes in contact with humans. They are equipped with R-30iB controllers which provide intelligence and networking functions for versatile applications.

In May 2016, TM Robotics and Toshiba Machine Robotics have announced their partnership with M.A.P. services. This will give MAP access to wide range of solutions for its manufacturing and production customers. Toshiba Machine Industrial Robots offer Cartesian, 6-Axis and SCARA robots and they plan to sell top notch robots in Australia.


About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Follow us on Linkedin : https://www.linkedin.com/company/hexa-research