Cold-end Exhaust System Aftermarket Worth $6.04 Billion By 2025

 The global Cold-End Exhaust System Aftermarket size is expected to reach USD 6.04 billion by 2025, according to a new report by Grand View Research, Inc. Stringent government regulations & emission norms, complemented by sophisticated technology incorporations in the automobile exhaust component fabrication, are expected to boost the market growth. The increasing acceptance of electric vehicles, as well as semi-autonomous and autonomous cars in the years to come, is further anticipated to bolster the market growth.

Regional regulatory authorities, such as the Japanese Automobile Sport Muffler Association (JASMA) and the U.S. Environmental Protection Agency, spectate and regulate the noise emission intensities concomitant with the present-day automotive resonators and mufflers in the automotive exhaust system.

The market can be categorized based on vehicle types into passenger cars and commercial vehicles. The growth in the disposable income of consumers in the emerging markets is expected to have a positive impact on the growth rate of passenger cars. The improving infrastructure, coupled with the modern lifestyle across the globe, is expected to fuel the sales of passenger cars. The rising trade activities of goods and materials via road transportation is expected to fuel the demand for light and heavy commercial vehicles.

The market is expected to witness pioneering developments with the introduction of chemicals and new metals that provide weight reduction and cost-efficiency in automobiles. The nano-on-nano-technology is expected to ripple in the market owing to benefits rendered by the technique. It helps in slowing down the degradation rate of metals in automotive exhaust components.

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Further key findings from the report suggest:

• The factors expected to impel the market growth over the forecast period include the increasing awareness regarding the effects of automotive noise pollution, stringent government regulations, and a steady rise in the automobile sale
• Issues pertaining to high R&D expenditures are expected to hinder market growth over the forecast period.
• The European region dominated the cold-end exhaust system aftermarket, accounting for the largest global market share (in terms of revenue) in 2015
• The key industry participants include Eberspächer Exhaust Aftermarket GmbH & Co. KG, Flowmaster, Inc., Calsonic Kansei Corporation, Bosal Group, Magneti Marelli S.p.A., and MagnaFlow

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Automotive Chip Market Worth $56.24 Billion By 2025 | CAGR: 10.7%

The global Automotive Chip Market size is expected to reach USD 56.24 billion by 2025, according to a study conducted by Grand View Research, Inc., exhibiting a CAGR of 10.7% during the forecast period. Rising awareness regarding energy-efficient lighting systems and burgeoning sales of luxury vehicles equipped with navigation and infotainment systems are creating an upswing in the demand for automotive chips.

Spiraling demand for commercial and passenger vehicles is driving the automotive chip market. Automotive chip enhances a vehicle’s security system and in-vehicle infotainment system. It also ensures the safety and comfort of occupants including the driver. For instance, the SYNC technology of Ford enables the driver to make hands-free phone calls and lets them control the entire navigation and infotainment system using their voice. These benefits are expected to stoke the growth of the market. However, complex and expensive technology and network challenges in developing economies are estimated to hinder the growth of the market over the forecast period.

In the North America region, the automotive chip market is likely to expand at a CAGR of 9.2% over the forecast period. Prominent vendors in the market include Microchip Technology Inc.; Texas Instruments Incorporated; Robert Bosch GmbH; NXP Semiconductors; and Infineon Technologies AG.  

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Automotive Chip Market Report Highlights

• Soaring demand for connectivity and safety features is one of the key trends boosting the market growth
• The passenger car vehicle type segment is anticipated to emerge as the fastest-growing segment owing to the burgeoning demand for SUVs
• On the basis of application, the body electronics segment is poised to hold a prominent position in the market throughout the forecast period due to increasing digitization of vehicles and rising awareness among individuals regarding vehicle electronic accessories
• The safety application type segment is likely to post the highest CAGR during the same period due to the continuous strengthening of vehicle safety standards
• Some of the key companies in the market are Microchip Technology Inc.; Texas Instruments Incorporated; Robert Bosch GmbH; NXP Semiconductors; and Infineon Technologies AG.

 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.

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Aircraft Seat Actuation Systems Market: Industry Size, Share, Demand, Analysis & Forecast, 2024

 The global Aircraft Seat Actuation Systems Market size is expected to reach USD 656.9 million by 2024, according to a new study by Grand View Research, Inc., registering a CAGR of 14.1% during the forecast period. The market is anticipated to witness significant growth owing to rising demand for lightweight seats in airplanes. In addition, increasing need for aircraft seats with optimized strength-to-weight ratio is expected to promote market growth.

Market players are using lighter materials to decrease overall weight of airplanes. The weight of an aircraft impacts its fuel efficiency, which is known to contribute to more than one-third of fleet operating costs.

The industry is anticipated to gain substantially owing to rise in demand for developing lighter and More Electric Aircraft (MEA). Lighter aircraft facilitate in achieving high fuel efficiency and subsequently help in minimizing operational costs. In addition, rise in disposable income among general public across the globe is contributing significantly in propelling demand for premium air travel. The market foresees several growth opportunities in the Asia Pacific and Latin America regions owing to presence of several emerging economies such as India, China, South Korea, and Brazil.

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Further key findings from the study suggest:

• By passenger class, economy plus is expected to be a key segment, exhibiting the highest CAGR of 15.2% over the forecast period. This can primarily be attributed to growing need for cost-efficient and economical travel fares
• On the basis of mechanism, the linear segment accounted for 71.7% of the global revenue in 2015. Benefits of outboard flap control offered by linear actuator seating systems, especially in business jets, are predicted to fuel demand for linear systems
• By actuator type, the electro-mechanical segment is anticipated to report the fastest growth, registering a CAGR of 14.3% over the forecast period. This can be attributed to benefits such as reduced component count, integrated design, and extended reliability of these actuators
• The European regional market accounted for 34.7% of the global revenue in 2015, owing to rise in disposable consumer incomes among European nations
• The North America market is projected to expand at a CAGR of 14.2% from 2016 to 2024, owing to growing demand for business jets, rising trade-related activities, and growth in travel and leisure activities
• Key industry participants include B/E Aerospace, Inc. (U.S.); Buhler Motor GmbH (Germany); C & M Electric Actuators; Crane Aerospace & Electronics (Taiwan), Inc. (U.S.); ITT Corporation (U.S.); and Zodiac Aerospace Group (France). Industry vendors are emphasizing on offering high-end features and comfortable seating capabilities to offer convenience to users.

 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.

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Auto catalyst Market: Key Players and Future Scope, 2025

The global Auto Catalyst Market size is expected to reach USD 16.15 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing awareness along with stringent emission control rules being implemented by various governments across different regions is expected to drive market over the forecast period. 

The global production of automobiles has been increasing in the last ten years due to the growing disposable income level, especially in the emerging markets of China, India, Russia, and Brazil. However, as the growth of auto catalyst market is directly proportional to advances in automotive sector, the rise in the production of automobiles is expected to have a positive impact on product market in the coming years.

Diesel cars accounted for a significant share in automotive markets of Asia and Europe in 2016. High fuel efficiency offered by diesel-powered engines is the primary driver that has triggered their demand in comparison to fuel efficiency offered by gasoline engines. The growing biodiesel market is expected to further boost the demand for diesel-powered vehicles in the market.

The use of diesel engines is likely to lead to the growing demand for diesel oxidation catalyst, diesel particulate filters, and other oxidation catalysts required to lower the emission levels of a vehicle. The price of catalysts for diesel-powered vehicles is four times higher in comparison to the price for gasoline engines. This factor, in turn, is anticipated to increase the revenue of market.

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Further key findings from the report suggest:

• The global autocatalyst demand was 114,492.5 thousand units in 2016 and is expected to register a CAGR of 3.4% from 2017 to 2025
• LDV-Gasoline emerged as the largest application segment in 2016 and is estimated to generate revenue of USD 6,429.6 million by 2025
• Global LDV-Diesel demand in the U.S. was USD 435.6 million in 2016 and is anticipated to witness a highest growth over the next eight years
• The growth of this market is directly proportional to the growth of the global automotive industry
• Diesel cars accounted for a major share in automotive markets for Asia and Europe in 2016
• Some of the key players in the operating in the global market include BASF SE, Johnson Matthey, Umicore S.A., and DCL International, Inc.

 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.

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Automotive Catalytic Converter Market: Current Scenarios and Upcoming Trends, 2024

 The global Automotive Catalytic Converter Market size is expected to reach USD 272.95 billion by 2024 according to a new report by Grand View Research, Inc.

In 2015, the global automotive industry experienced a relatively strong growth and profitability, with annual sales reaching pre-recession levels, especially in the U.S., China, India, Japan, and South Korea. This is anticipated to favorably impact the global automotive catalytic converter market over the forecast period. Stringent emission norms by governments and regulatory authorities worldwide have further strengthened industry growth.

Catalytic converters are constituted of precious metals such as platinum, palladium, or rhodium. These metals are used as catalysts and are enclosed in a muffler-like package, which is attached at the exhaust end. Researchers are increasingly working towards the development of advanced catalytic converters that extensively reduce the toxicity of the exhaust emissions as well as improve vehicle fuel efficiency.

However, high R&D costs pertaining to the development of innovative and efficient converters is expected impede industry growth over the next eight years. Moreover, increasing adoption of hybrid and electric vehicles is expected to challenge market growth.

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Further key findings from the report suggest:

• Three-way oxidation-reduction catalytic converters have a value addition over their two-way catalyst counterparts as they perform three simultaneous chemical conversions. They carry out the oxidation of carbon monoxide & un-burnt hydrocarbons to water &carbon dioxide, along with the conversion of oxides of nitrogen to nitrogen &oxygen. Three-way type converters accounted for over 35% of the industry share and are expected to maintain their dominance over the forecast period.
• Diesel oxidation catalyst converters are exclusively used in diesel engine vehicles and are expected to witness a steady demand over the forecast period. They are equipped with diesel particulate filters in order to eliminate particulates from the exhaust emissions. Manufacturers and associations have stepped up their R&D activates to develop new, innovative products such as the four-way catalytic converter.
• Platinum tends to be a good oxidation catalyst as a result of which it was extensively used in such automobile components in the past. However, on account of the high cost associated with platinum, it is increasingly being replaced by palladium and rhodium. Rhodium exhibits greater efficiency towards the removal of toxic exhaust emissions and is thereby expected to witness a surge in demand over the next eight years. Rhodium accounted for over 40% of the industry demand and is presumed to continue its dominance over the forecast period.
• Stringent emission standards such as the Bharat Stage V & VI in India that are based on the European Standards EuroV and EuroVI have made installation of catalytic converters obligatory for automobile assemblers. This is done to inhibit the issue of harmful exhaust emissions. Europe dominated the global automotive catalytic converter industry contributing to over 30% of the global revenue in 2015. The presence of several prominent automotive manufacturers in Europe is expected to generate a steady demand in the region over the forecast period.
• Key industry participants include BASF Catalysts, Faurecia, Magneti Marelli, SMPE and Tenneco. Vendors are gradually adopting innovative distribution strategies such as e-commerce retailers and offer online catalogs apart from directly supplying to automobile assemblers.

 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.

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Dump Truck Market: Key Growth Drivers, Challenges, Leading Key Players Review

The global Dump Trucks Market size is expected to reach USD 72.4 billion by 2025 at an 8.6% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Growing construction and mining activities, increased government spending on sustainable infrastructure, and technological advancements propelling demand for advanced dump trucks are anticipated to drive the market. The demand for these vehicles is linked to rising population, urbanization, and infrastructure developments. Increasing construction and mining activities in Asia Pacific, especially in India, China, and Australia, will drive the market over the forecast period.

The use of coal and other minerals for industrial applications is likely to increase over the next decade, thereby complementing the growth of the mining industry, which is further expected to drive the market. Autonomous haul trucks have the potential to improve performance, reduce cost, and improve safety to overcome challenges at mining sites. Also, electric and advanced dump trucks are in great demand owing to global concerns over reduction of carbon emission from passenger and commercial vehicles. Therefore, governments of various countries have made it mandatory for automotive manufacturers to comply with emission standards to reduce their carbon footprint. This, along with numerous R&D activities for integration of advanced battery technologies, is likely to augment demand of electric dump trucks over the forecast period.

Such factors are pushing automotive OEMs and technology companies to develop vehicles that are cost-effective and aid in emission reduction. For instance, Komatsu America Corp. announced the launch of a 400-ton haul truck with an electric drive system. The product has significant features like enhanced productivity, high power performance, superior operating comfort, and improved safety. Additionally, it eliminates fuel consumption and hence contributes to reduction in carbon emission.

Asia Pacific accounted for the largest revenue share in 2018 owing to large-scale mining activities in the region. China being one of the largest producers of coal in the world, accounted for the majority share in the global dump truck market. Mining dump trucks are used to haul, transport, and deliver raw material from one site to the other. North America will register the highest CAGR owing to construction activities that make use of these vehicles for hauling of heavy materials, land moving, and carrying construction and demolition waste.

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Dump Truck Market Report Highlights

• The global market is expected to develop at a CAGR of 8.6% from 2019 to 2025 and reach USD 72.4 billion by 2025. Rising construction activities due to increased investments in infrastructure will drive the market over the forecast period
• Based on type, rear dump trucks dominated the market and the segment is expected to continue the trend over the forecast period, registering a CAGR of 7.9%
• Asia Pacific held the largest share in the overall dump truck market and accounted for USD 28.2 billion in 2018. Increasing construction and mining activities in the region, especially in India, China, and Australia, is anticipated to drive the market through 2025
• Key players include AB Volvo, Komatsu Ltd., Daimler AG, and Caterpillar. These companies accounted for the majority share in the overall market in 2018.

 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.

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Software Defined Radio Market Analysis Report by End Use and Region

The global Software Defined Radio Market size is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Rising demand for efficient transmission devices influences SDR applications. The commercial growth of software defined radio is driven by the re-configurability and interoperability of SDR for different applications. The Europe market is projected to grow at a significant rate, and would primarily be driven by the increasing need for data centers to fix issues pertaining to data flow. The software defined radio market is flourishing due to an increase in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players through the forecast period.

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Further key findings from the report suggest:

• Cognitive radio is projected to emerge as the fastest-growing segment over the forecast period as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
• Software is expected to register the highest CAGR over the forecast period. This is attributed to the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
• Ground-based SDR systems are witnessing a surge in demand owing to the implementation of ground station receiver with Single Antenna Interference Cancellation (SAIC) technique
• UHF band frequency segment is expected to register a significant CAGR over the forecast period owing to its increasing usage in aerospace and satellite communications
• Commercial is anticipated to emerge as the fastest-growing end use segment owing to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
• The Asia Pacific market is anticipated to witness significant growth owing to the adoption of SDRs by government agencies for the development of communication networks such as Government Radio Network (GRN) by the Chinese government in the city of Beijing
• The key players in the software defined radio market include Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

 

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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.

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Parking Management Market | Global Analysis by Key Players and Industry Overview

The global Parking Management Market size is expected to reach USD 6,899.4 million by 2025, registering a CAGR of 9.4% from 2019 to 2025, according to a new report by Grand View Research, Inc. The increasing public sector funding and favorable government initiatives are expected to strengthen the market growth. The demand for carpark management solutions is expected to be high in the commercial and government application segments owing to various features such as tow management, ticketing, payment processing, and citation tracking offered by these solutions through a single platform.

Furthermore, image recognition, machine learning, tracking, and speed monitoring capabilities offered by these solutions are expected to enhance a consumer's experience. The growing automation of services due to the adoption of analytics and big data and the rising demand for improved mobility among service consultants are expected to propel the growth of the market. The market is expected to gain traction owing to the development of systems with sophisticated features such as auto-payment options and voice guidance (enabled through mobile phone apps).

An increasing number of vehicles is negatively influencing the availability of carparks and is consequently fueling the demand for implementing intelligent solutions for managing carparks across the globe. The need for the development of carpark facilities that do not necessitate the use of gate arms and have a minimal negative impact on the environment is further expected to drive the growth of the market. The growing smartphone penetration is expected to benefit the market as carpark management applications use features such as Near-Field Communication (NFC), camera, and GPS to identify vacant spots.

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Further key findings from the study suggest:

• The system integration & deployment segment is anticipated to register the highest CAGR of 10.7% from 2019 to 2025. This can be attributed to the increasing focus of facility providers on the use of new technologies
• The parking reservation management segment is expected to register the highest CAGR of 11.1% from 2019 to 2025 as these solutions help reduce the time required to locate vacant carpark spaces
• The on-street segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing favorable government initiatives
• The government application segment is expected to continue dominating the market over the forecast period due to increasing government investments for developing advanced carpark systems
• North America dominated the market in 2018 owing to the growing focus of automobile manufacturers in the U.S. and Canada on developing systems for efficiently managing carpark spaces
• The key players in the parking management market include 3M, Amano Corporation, Cubic Corporation, IBM Corporation, Kapsch TrafficCom, Siemens, SKIDATA AG, Swarco, T2 Systems, and Xerox Corporation.

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.

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Material Handling Equipment Market Analysis by BEUMER Group; Intelligrated Systems Inc.; Kion Group AG

The global Material Handling Equipment Market size is expected to reach USD 41.18 billion by 2025, at a CAGR of 6.8% over the forecast period according to a study conducted by Grand View Research, Inc. Rising growth of e-commerce industry, rapid industrialization, and automation in manufacturing sector are some of the factors expected to positively impact the growth.

Rising penetration of advanced technologies such as Artificial Intelligence (AI), Radio Frequency Identification (RFID), and Internet of Things (IoT), among others is also anticipated to power the market growth. For instance, in April 2016, Hyster-Yale Materials Handling, Inc., announced the launch of Yale A-WARE. Yale A-WARE is a location-based truck performance control solution that uses RFID tags to control speed and monitor lifts and acceleration restrictions. These RFID tags are deployed in warehouse storage aisles, which are read by a RFID sensor mounted on the truck. The sensor reads the tag and triggers the pre-defined lift and speed settings at which the truck can operate.

Materials handling equipment are extensively used in several manufacturing industries, such as automotive, food and beverage, and pharmaceutical. For instance, chemical industries usually face inefficient or disorganized storage. This issue can be resolved with storage and handling systems that are highly specific or customized toward the load. Furthermore, the growing disposable income coupled with rising penetration of internet has made online shopping convenient. This has urged the need to set up more warehouses, which would indirectly spur the material handling equipment sales across the e-commerce industry.

Furthermore, these equipment are also used in warehouses for managing the storage and transportation of good and products. It improves productivity by enhancing logistics at warehouses and manufacturing plants. These products offer cost-effective, process efficient, and an accurate method for the swift transition of goods across the manufacturing plants and warehouses, thereby driving the market growth. However, high initial costs and real-time technical challenges coupled with lack of awareness are some of the challenges affecting the growth.

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Further key findings from the study suggest:

• The industrial trucks segment accounted for a significant market share in 2018. However, automated storage and retrieval systems are anticipated to witness the highest growth over the forecast period. This is accredited to the varied uses of automated solutions across several applications such as conveyor systems, robotic delivery systems, and automated guided vehicles to speed up the task to be carried out
• Additionally, benefits such as enhanced work efficiency and reduced human efforts are some of the major factors expected to augment the sales of automated storage and retrieval systems over the forecast period
• Europe held a market share of over 30.0% in terms of revenue in 2018. However, Asia Pacific is anticipated to witness significant growth over the forecast period, attributed to the rising industrial and infrastructural activities in developing countries such as India and Japan. Additionally, growing e-commerce industry is also expected to spur product sales
• The material handling equipment market is highly consolidated and characterized by high competition with the presence of major global players such as BEUMER Group; Intelligrated Systems Inc.; Kion Group AG; Toyota Industries Corporation; and Murata Machinery Ltd.; among others. These players engaged in mergers and acquisitions and collaborations or partnerships to enhance their market presence and to expand their product portfolio

 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.

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