Automotive Electronics Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The global automotive electronics market is estimated to be valued more than USD 290 billion by 2024. Rising premium audio system and advanced driver assistance system demands are the key factors anticipated to augment the market growth. Accident recorder systems, emergency call systems, and alcohol ignition interlocks are the technologies that are said to boost the growth in the near future. In addition, rising trend of in-vehicle infotainment is also likely to help boost the market. High complexity levels and lacking awareness about the overall subsystems’ understanding may hinder the growth. The global automotive electronics market is divided into applications and regions.

The application sector comprises body electronics, Advanced Driver Assistance System (ADAS), infotainment, safety systems, and powertrain. The regulatory boards of various economies have taken steps for integrating safety gadgets in cars and other vehicles so as to restrain the occurrence of fatalities caused by road accidents.

Some of the necessary devices utilized to ensure passenger safety are backup sensing system, airbags, on and off switches for air bags, auto dimming mirrors or electrochromatic mirror, head restraints, energy-absorbing steering system, heads-up display, passenger sensing system, and padded knee bolster.

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The ADAS application sector is projected to witness high growth during the forecast period (from 2016 to 2024). This is due to various strict safety regulations resulting in the major adoption of in-car active safety systems. Demands for in-vehicle data storage, to support sophisticated in-car features, are estimated to be the major growth driving factors for infotainment systems.

Geographically, North America dominated the global automotive electronics market in 2015. However, Asia-Pacific is anticipated to experience high growth on account of the rising needs to meet strict standards, to increase product quality, for reduced production costs, and for customized vehicle features. Developing economies including India and China are likely to positively impact the growth of the region.

The major companies operating in the global automotive electronics market include Robert Bosch GmbH; Continental AG; Denso Corp.; Delphi Automotive PLC.; TRW Automotive; Johnson Controls Inc.; and Autoliv AB. The major sustainability and growth strategies used by all such companies include creating technology partnerships with other companies in the ecosystem. Plus, automakers are anticipated to increase the intelligent electronics adoption that makes their products safe to drive and environment-friendly.

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Electric Motorcycles And Scooters Market Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The global electric motorcycles and scooters are also known as electric power two wheelers, E-bike, E-motorcycle, E-scooters or e-PWT market is predicted to have continuous growth shortly. However, the market growth was steady over the past decade. With increasing fuel price, global warming and emission standards in every major market, e-PWT is providing an alternative solution to vehicle manufacturers, gradually competing with traditional motorcycles and electric cars.

Electric motorcycles and scooters are a plug-in electric vehicle, powered by electricity which stores in rechargeable batteries. Today electric motorcycles and scooters are mostly powered by lithium-ion rechargeable batteries. Nanotechnology used in these lithium ion batteries has provided great potential for the growth of E-bike. Manufacturing companies are working on improving the battery life in conjunction with reducing the production cost, better performance, and high speed.

One of the major factors, that various countries like China, U.S. are promoting electric motorcycle and scooters. This is because E-bikes eco-friendly and leaves no carbon footprint as it doesn’t run on fuel and pollute the environment. e-PWT are low maintenance, easy manufacturing, lightweight and compact utility vehicles. Emerging countries such as Russia, India and Brazil see e-PWT as a promising alternative to the conventional mode of transport in the future.

Even with all the beneficial factors electric power, two-wheeler has a slower growth because of its high pricing compared to regular motorcycles. It has short battery life around 15 to 25 miles par charge; it needs to b recharged after a shorter range. E-bike has less resale value. The battery is replicable but has a short life in comparison to a conventional motorcycle.

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Different types of E-bikes commercially available are electric wheelchairs, electric mobility scooters, electric motorcycles, electric bicycles, electric kick scooters, electric tricycles, electric go-kart, self-balancing electric, scooters (hoverboards).

The global e-PWT market is segmented according to the power of the battery – high & low and according to the type of battery used. Lithium-ion (Li-Ion), nickel metal hydride (NiMH) and sealed –ion lead acid (SLA) are the major types available in the commercial market.

Target customers for the e-PWT are the mature customer that is people in or above 40. Grey market is interested in e-PWT as it requires less effort. In China, researchers have found that 38 % of consumers had replaced their cars with E-bike for traveling the short distance.

China is the market leader in electric motorcycles and scooters by volume. The majority of the E-bikes sellers are in China. However due to its low GDP growth, the manufacturing has reduced which is affecting the demand. Major manufacturers are moving their production facilities to neighboring lucrative markets. Due to this Asia Pacific is expected to witness a potential growth in e-motorcycle and e-scooters market. Japan, China, and India are also expected to shift towards an eco-friendly mode of transportation. Owing to the increase in traffic across the globe, coupled with low entry barriers create ample opportunities for the new players to enter the industry.

Asia Pacific electric motorcycles and scooters market dominated the industry in 2015. China Demand in China is significantly higher than other countries across the region. Western European countries like Spain, UK, and Germany promises prominent growth over the next eight years. In Asia fuel-based, low-powered motorcycles are mostly used as a mode of transportation. Whereas in North America fuel-based, high powered luxury bikes are often used for leisure than as primary transportation. Electric motorcycles and scooters are being purchased as complementary vehicles for transportation in the region.

Major players in e-motorcycle and e-scooters market are Zero Motorcycles, Light Electric Vehicle Association (LEVA), Honda Motor Co., Ltd, Green Energy Motors, Alta Motors, Polaris Industries, Inc., Polaris Industries, Lighting Motors Corporation, BMW Motorrad International, GOVECSJiangsu Xinri E-Vehicle Co., Ltd., BOXX Corp, AllCell Technologies, Greenwit Technologies (Motorino), E.T Scooters, Terra Motors, Chaowei Power, Gogoro, Peugeot Scooters, Yadea Technology Group Co, Hollywood Electrics, Harley-Davidson, iO Scooters, Yamaha Motor Co.

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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.

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Precision Gearbox Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The global precision gearbox market is expected to witness substantial growth over the forecast period on account of the growing demand from the automotive sector. The rising global population and increasing consumer disposable income have led to the demand for vehicles such as two wheelers, four wheelers. Owing to this need for new technology and innovation in the automotive industry is increasing. As there is a direct relationship between technology and automotive industry, when the demand for vehicles rises, the demand for related technologies such as gearboxes, engines, batteries, etc. also rises.

The U.S. is expected to dominate the gearbox market owing to the massive demand for motorcycles and other vehicles. Asia Pacific market is expected to grow exponentially on account of rising per capita income. The demand in Latin America and the Middle East is expected to escalate owing to the rapid adoption of the precision gearbox technology in the two markets.

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Technological advancements have led to increasing demand for industrial robots and machine tools on account of which the demand for the precision gearbox technology is increasing at a high rate. Furthermore, the rise in automotive transmission sector is also expected to have a positive impact on the gearbox market.

The main function of the precision gearbox is to give right angle change in direction where desired. It is also deployed to transmit energy from one system to the other through the mechanical process. The systems are deployed at a junction of power shaft and motor. Gearboxes can be differentiated on the basis of arrangement and construction of gears. Gearboxes provide power densities which are translated into small package size. These also provide optimum efficiency throughout the process.

The gearbox industry demands constant innovation and improvement in the technology owing to the increasing competition from new technologies such as direct drive, which are being adopted and accepted in the market on a large scale. However, the precision gearbox technology plays an integral part in many systems and industries.

Servomotors are being adopted in the market owing to the low-cost worm gear solution. Food & beverage industry, labeling and packaging industry and few others extensively use this type of gearbox. The demand in these industries is expected to rise in the forecast period leading to the growth in demand for the gearbox industry.

Servomotors are used in high accuracy application owing to its efficient functioning. It minimizes the effect of inertia with the help of 25:1 gearbox Servomotor gearbox can tackle the problem directly by escalating the motor interferes through a different mechanical component.  Precision gearboxes provide comparatively enhanced accuracy than gear reducers.

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The gearbox market can be categorized on the basis of types into internal & external, spur, helical & helical, skew, bevel, spiral bevel, hypoid, crown, worm, sun and planet, servomotor and magnetic gears. Planetary gearbox comprises of the sun gear, ring gear and planet gear.

Planetary gearbox covers entire automation industry. It is mostly used in ‘pick and place’ systems such as loading and unloading gantry robots, in packaging machinery, etc. The other several applications of the gearboxes are in mining machinery, industries which use conveyor belts, in wind energy turbines, in the automotive sector, robotic machinery in production plants, military & aerospace, medical equipment industry and rubber & plastics industry.

The precision gearbox market can also be bifurcated on the basis of backlash ratings. A low precision gearbox is when it is functioning >20 arcs per minute whereas the high precision gearbox is when it is functioning <5 arcs per minute. The ability to provide low resistance, efficient functioning and low friction makes the precision gearboxes accurate and applicable in several high accuracy applications.

The market of North America is expected to dominate the gearbox market owing to the research and development projects and growing demand in the U.S. North America is expected to contribute to the market over 40% of the global demand in the forecast period. Asia Pacific market is expected to grow at a rate owing to the growing demand and developing infrastructure and increasing use of automation in industrial sectors. On account of growing acceptance for precision gearbox technology the market of Latin America and the Middle East is expected to grow.

The key contributors to the market are Bonfiglioli Riduttori, Rexnord Corporation, Siemens AG, ABB Group, Emerson Electric Company and SEW Eurodrive Group. Few of the prominent vendors include Cone Drive Operations, David Brown Engineering, Curtis Machine Company, Oerlikon Graziano, Drive Systems, Brevini Power Transmission and Horsburgh & Scott.

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Global Bearings Market Analysis, Growth, Trends and Forecasts to 2020

Projected to grow at a CAGR of around 7%, the bearings market is to witness a significant growth over the forecast period owing to increasing use of this mechanical component for smooth and proper functioning of machineries and vehicles. It is a major product for industries with heavy machineries and automotive sector. Technological innovations coupled with R&D initiatives in this sector are to fuel the market growth over next eight years.

Bearings provide for relative motion of the machinery with low friction and no wear & tear thereby improving energy efficiency is anticipated to boost the bearings market over the forecast period. Recent advancements in seal technologies and light-weight materials are to drive the market growth in the near future. Rise in the number of travelers using public transportation and rapid industrialization in emerging countries of Asia-Pacific and Middle-East are to drive the market in the next eight years. Furthermore, innovations in advanced materials, lubricants and looking for alternate uses of bearings helped bearings market to evolve significantly over the period of time.

Increasing use of high capacity bearings in end-use industries such as wind turbines, oil & gas, aerospace, construction and railway sectors is to further fuel the market growth. High requirement for tapered edge roller components in wheel, gearboxes and ceramic coated bearings in traction motor is expected to drive the market over next eight years. In Europe, a new generation of aeronautical bearings was introduced which have high oxidative and corrosive resistance and can withstand extreme environmental conditions. Furthermore, advancements in thermoplastic lined bearings and heat & pressure resistant bearings for use in renewable sector provide opportunities in this industry.

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However, fluctuation in steel prices which is a major raw material used in manufacturing of steel poses a challenge to bearings market. Over the last few years, fluctuations in steel prices and moderate demand had a negative impact on the market. Moreover, a magnetic bearing which is a type of bearing also face challenge owing to its large size, high cost and its weight. Moreover, increasing production of global passenger and commercial vehicles is to provide opportunity in this market.

The market can be segmented on the basis of product type and application. On the basis of product type, the market can be mainly divided into plain bearings, ball bearings and roller bearings. Ball bearings market dominated the market in the near past and this trend will continue owing to smaller contact surface which reduces friction to a great extent. These bearings can be used with thrust and angular contact ball bearings as they spin very smoothly. There are other type of bearings which includes needle roller bearings, spherical roller bearings, magnetic bearings, plummer blocks, slim section bearings, sleeves, self aligning ball bearings and deep groove bearings. Deep groove bearings are simple in design, need low maintenance, non-separable and are suitable for high applications. Moreover, these bearings have a continuous raceway making them optimal for radial loads, which is also expected to drive the market in the near future.

On the basis of application, the market can consist of automotive, machinery, aerospace, railway, electronics, mining & construction equipment and agriculture sectors etc. The railway sector are anticipated to provide growth opportunities on account of bearings increasing used in metros, tramway systems, intercity trains and high speed trains. Technological improvements and various other benefits such as advanced bearing life, significant weight reduction, increased capacities to operate at increased speed and high temperature are anticipated to drive the demand of railway and aerospace sectors over the forecast period.

Asia-Pacific is anticipated to drive the market over the forecast period owing to rapid industrialization in this region especially in India and China. High industrialization in China has created significant demand for bearings in industries such as electronics, automotive and industrial equipment. Moreover, demand of bearings in developed nations such as US, Japan and Western Europe is anticipated to grow over the forecast period on account of increasing requirement for industrial equipment coupled with the rising demand for durable goods.

The major players in the market are SKF, JTEKT Corporation, NTN Corporation, Timken Company, NSK Ltd. and Schaeffler AG. These players make customized bearings and thus have dominated the market. Other players in the market are Danaher Corporation, Abm Advanced Bearing Materials LLC, Emerson Electric Co., Daido Metal Co., Ltd., Wanxiang Qianchao Company Limited, Federal-Mogul Corporation, Robert Bosch GmbH, Nachi-Fujikoshi Corporation, Cooper Roller Bearings Co., Ltd., Harbin Bearing Manufacturing Co., Ltd, RBC Bearings Incorporated and Luoyang LYC Bearing.

In June 2016, SKF had announced the consolidation of its manufacturing facilities in North America, including the closure of its sites in San Diego, California and Baltimore, Maryland to strengthen their position in North America, making them more competitive and better able to support their customers, by improving the utilization of their manufacturing assets. They also provided the foundation for investments in the further development of manufacturing processes and technologies.

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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
Website - http://www.hexaresearch.com/
Follow us on Linkedin : https://www.linkedin.com/company/hexa-research