automotivemarketreports: January 2020

Wednesday 29 January 2020

Smart Transportation Market: Industry Analysis and Outlook Report

The global Smart Transportation Market size is estimated to reach USD 285.12 billion by 2024, according to a new study by Grand View Research, Inc., registering a CAGR of 22.5% during the forecast period. Rising number of on-road vehicles and ineffective existing transport infrastructure are expected to propel the need for efficient management systems. Favorable government initiatives for building better infrastructure and smooth running of existing transport systems are expected to boost industry growth.

Increasing investments in smart city projects are anticipated to open up new avenues for growth in the coming years as smart transportation is an integral part of any smart city.

In addition, rising government focus on reducing greenhouse gas emissions and curbing alarming levels of traffic congestion is anticipated to drive industry growth over next few years. Increasing number of government mandates, such as those by the European Union (EU) and Directive on Intelligent Transport System, are also anticipated to favor the market during the forecast period.

On the flip side, need for massive capital for replacing existing infrastructure with smart technologically advanced systems is expected to hinder industry growth. Longer downtime for replacing existing systems may also pose a challenge to its growth and can affect daily commute.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/smart-transportation-market

Further key findings from the study suggest:

Key solutions available in the market include ticketing management systems, parking management systems, integrated supervision systems, and traffic management systems
Integrated supervision systems are used for reducing traffic blocks, minimizing accidents, and providing better safety measures. This segment holds high growth potential
The cloud service segment is anticipated to witness a surge in demand, owing to rising need for storage of data generated through these systems
Professional service vendors offer consulting services and may witness an increase in demand over the next few years, owing to need for services to upgrade existing infrastructure
The North America market accounted for over 27.0% of the global revenue in 2015; Asia Pacific, on the other hand, is estimated to be the fastest-growing segment, offering lucrative growth opportunities for industry players
Government initiatives to enhance transport infrastructure are expected to favor the Europe market for smart transportation. The MEA market is also likely to be driven by increasing government investments in transport infrastructure
Key industry participants include Accenture PLC; Alstom, SA; Cisco System, Inc.; Cubic Corporation; General Electric Company (GE); Indra Sistema S.A.; International Business Machine (IBM) Corporation; Kapsch; LG CNS Corporation; and Xerox Corporation.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Tuesday 28 January 2020

Automotive LiDAR Market Trends, Analysis, Outlook and Future Scope

The global Automotive Lidar Market is expected to reach USD 223.2 million by 2024, according to a new report by Grand View Research, Inc. The surging acceptance of automobile safety application arenas and sophisticated technology incorporations in automobile driving automation are expected to boost the market growth. The increasing acceptance for semi-autonomous and autonomous cars in the years to come is further anticipated to bolster the market growth.

The market can be categorized, based on application types, into Advanced Driver Assistance Systems (ADAS) & autonomous cars. The ADAS application segment is further segregated into Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The ADAS application segment is expected witness a significant growth, owing to the surging incorporation of forward-collision avoidance systems.Adaptive cruise control (ACC) is adiscretionary cruising choice for automobiles that robotically modifies the vehicle speed to retain a safe distance from vehicles ahead.The rising adoption of these systems in autonomous and semi-autonomous cars at various levels of automation is expected to draw huge ventures from the key participants, thus driving the regional market demand in the years to come.

In October 2016, Infineon Technologies AG (Germany) acquired Innoluce BV (The Netherlands), a fabless semiconductor company headquartered in Nijmegen. Infineon says it would develop chip components for high-performance LiDAR systems by utilizing Innoluce’s patented technology. This acquisition is expected to establish Infineon’s strong foothold as one of the automotive safety technologies vendors.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/automotive-lidar-market

Further key findings from the report suggest:

The global automotive LiDAR market is estimated to grow significantly over the forecast period due to the automation in the car safety technology, leading to reduced human efforts and increased efficiency
Extensive R&D by market players,updated ratings of safety agencies and the increasing awareness, among consumers, have fueled the market growth assome major automakers have already started to integrate basic AEB systems as optional and standard options into their mass-market models
The markets in the North American region including the U.S. & Canada and the European regions occupied a marginal proportion of the market share in 2015 on account of the administrative regulations mandating the installation of certain automotive safety technologies in both light weight and heavy weight vehicles in the region
The key industry participants include Robert Bosch GmbH, Denso Corporation, Velodyne LiDAR, Inc., Novariant, Inc., LeddarTech, Continental AG, and Quanergy Systems, Inc.

About Grand View Research

Thursday 23 January 2020

Automotive Brake Systems Market Size Worth $31.11 Billion By 2025

The global Automotive Brake Systems Market is expected to reach USD 31.11 billion by 2025, according to a new study by Grand View Research, Inc. The market is highly influenced by vehicle production as a brake system is an integral part of a vehicle. The rising vehicle production and sales, owing to growing disposable income, is expected to propel the market growth.

The primary objective of brake systems is to reduce vehicle speed and halt the vehicle. However, a moving vehicle is subject to numerous uncertainties. The use of advanced systems ensures vehicle halt and enables consistent vehicle control, which proves vital in avoiding an accident, thereby, ensuring optimum vehicle safety.

The increased use of electronic components is one of the key contributing factors for market growth. The use of electronic components has led to the development of technologies such as Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD). The adoption of these advanced technologies, coupled with growing popularity of vehicle safety among consumers, is presumed to drive the market. However, the high cost of integration is the primary restraining factor for the widespread adoption of advanced braking systems. Thus, a majority of these systems are integrated solely in premium and luxury vehicles.

The key factor driving the growth of the automotive brake systems market is the growing stringency in vehicle safety norms. Automotive associations across the globe are working toward improving vehicle safety. For instance, in 2016, the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (U.S.), along with 20 prominent vehicle manufacturers, have planned to incorporate Automatic Emergency Braking (AEB) systems as a standard feature in all new cars from September 2022. Similarly, in 2015, the Ministry of Road Transport and Highway (MoRTH), India, mandated the implementation of ABS in all commercial vehicles. Thus, the market is expected to grow steadily over the forecast period. However, lack of considerable efforts toward curbing counterfeiting of brake-related products is hampering the growth of the market and compromising vehicle safety.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/automotive-brake-system-market

Further key findings from the study suggest:

The disc brakes segment is projected to grow at a higher CAGR than drum brakes, owing to its enhanced braking performance and heat dissipation characteristics
The passenger cars segment is anticipated to grow at the highest CAGR of 5.9% over the forecast period, owing to the rising passenger car sales in developing economies such as China and India
The growing concerns over non-exhaust emission, caused due to brake abrasion, have propelled the need for eco-friendly brake materials
Asia Pacific is projected to account for 53.6% of the total market share by 2025, owing to increasing vehicle production and popularity of vehicle safety features
The key companies, such as Aisin Seiki Co., Ltd., Brembo S.p.A., Continental AG, and Robert Bosch GmbH, have made huge investments in R&D activities to strengthen their production capabilities

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Friday 10 January 2020

Fuel Cell Vehicles Market Trends, Growth Opportunities and Overview Report

The global Fuel Cell Vehicles Market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 33.7% CAGR during the forecast period. This rapid growth can be attributed to increase in investments by governments over the world for development and adoption of fuel cells.

Fuel cell vehicles ensure emission-free operation, which will effectively reduce the carbon footprint and significantly drive product demand over the next few years. The key factor expected to drive the industry is advancements in fuel cell technology. Ongoing advancements have helped match performance with conventional fuel vehicles, with respect to power output and user experience.

Adoption of fuel cell vehicles worldwide is expected to rise over the forecast period due to increasing awareness about reducing harmful emissions, strict environmental regulations, and growing incentives for use of clean energy.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/fuel-cell-vehicle-market

Further key findings from the report suggest:

The global fuel cell vehicles market was valued at USD 194.5 million in 2017 and is expected to exhibit a CAGR of 33.7% over the forecast years owing to growing trend of clean energy consumption
Several government initiatives and programs to encourage the use of fuel cell vehicles have led to an increase in their adoption, subsequently increasing their demand over the past few years
North America accounted for the largest market share in 2017 and is anticipated to exhibit a CAGR of over 36.0% over the forecast period. This can be attributed to massive investments by the United States Department of Energy (DoE) in development of fuel cells and improvement of infrastructure
Although the Europe fuel cell vehicles market accounted for just over 3.0% of the overall market revenue in 2017, it is anticipated to be the fastest growing region with CAGR of more than 38.0% over the forecast period

Key market players include Toyota Motor Corporation, Honda Motor Company, Ltd., and Hyundai Motor Company. Apart from these, there are several other automobile manufacturers that are in the process of launching their fuel cell vehicles.

Tuesday 7 January 2020

Automotive Aftermarket Parts Industry Analysis Report

The global Automotive Aftermarket size is expected to reach USD 486.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period. Digitalization of auto repair and component sales, complemented by advanced technology incorporations in automobile aftermarket component manufacturing, is expected to benefit market expansion. Surging reception of semi-autonomous, electric vehicles, and hybrid and autonomous cars is further expected to bolster the new component market growth in the years to come. The market can be categorized, based on replacement parts, into tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers.

Increasing vehicle penetration is driven by overall improvement of lifestyle in developing countries such as India and Brazil and is expected to drive the automobile industry. Similar surges in the auto manufacturing sector across various regions, along with increasing stringent emissions norms, are expected to drive aftermarket component sales over the forecast period.

Asia Pacific is expected to emerge as the fastest-growing regional market for automotive collision repair services over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With increasing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated to repair particular vehicles are expected to increase. The market is also expected to witness tremendous growth due to an upsurge in the number of vehicle collisions, along with inclination of owners towards repair of their automobiles.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market

Further key findings from the study suggest:

· The market is estimated to grow significantly over the forecast period, owing to an increase in number of lightweight vehicles, coupled with increasing age of the light vehicle fleet

· North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to other geographical regions

· The market is anticipated to witness a phase change owing to growing proportion of specialized auto collision repair centers that are dedicated to serving specific vehicles, such as alternate fuel powered vehicles

· Key industry participants include Magneti Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Denso Corporation.