Automotive and Transportation

The report "Robo-Taxi Market by Application (Goods and Passenger), Level of Autonomy (L4 and L5), Vehicle (Car and Shuttle/Van), Service (Rental and Station Based), Propulsion (Electric, Hybrid, and Fuel Cell), Component, and Region - Global Forecast to 2030" The global robo-taxi market is projected to grow from 2,024 units in 2020 to reach 3,830,912 units by 2030, at a CAGR of 112.67%. The growth of the robo-taxi market is influenced by the rising demand for ride-hailing services, high R&D investments, and government focus on reducing emissions, infrastructure development, and growth of the electrification of vehicles.

Browse 44 market data Tables and 57 Figures spread through 135 Pages and in-depth TOC on "Robo-Taxi Market"

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Car is expected to grow at the fastest CAGR

The car segment is expected to be the largest and the fastest market. This is due to the testing of robo-taxis more for cars rather than big transport vehicles. Waymo recently became the first company to charge regular people for rides in self-driving “Waymo One”, which though had human backup drivers. Another example is Chrysler, which has ordered thousands of Chrysler Pacifica Hybrid minivans to Waymo. The collaboration will open a new business model for companies developing or working on robo-taxi. Uber placed an order for 24,000 Volvo XC90 SUVs for autonomous ridesharing services to scale its market share in autonomous vehicle. Additionally, the rising demand for shared mobility will also fuel the overall market demand for self-driving cars.

Passenger Transportation is expected to lead the robo-taxi market

Although, countries worldwide have already started operations for goods transportation, but passenger transportation is estimated to be the fastest and the largest growing market. This is due to the developments, testing, and deployments being more for passenger transportation compared to goods. Companies such as Uber, Lyft, DiDi, and Baidu are the major ride-hailing service providers which will boost the market demand for passenger transportation. Also, most companies are concentrating on Mobility As A Service (MAAS). For instance, the venture by e.GO Mobile AG and ZF Friedrichshafen planned to start series production of e.GO People Mover by the end of 2019 in Germany. This vehicle will be deployed as robo-taxis by transportation operator Transdev in Germany. Oxbotica, an autonomous vehicle software company and Addison Lee, a London-based private hire taxi company, partnered to launch self-driving taxis by 2021.

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Asia Pacific is expected to lead the market during the forecast period

The Asia Pacific market is the largest because of the growth in China, Japan, South Korea, and Singapore. Rising emission concerns, increasing shared mobility, focus on public transport, and high technological development in the region are driving the robo-taxi market in Asia Pacific. Companies such as DiDi, Aptiv, Baidu, Nissan, ZMP, and Hyundai are the major players present in the region. The growth is also driven by the developments in Singapore, South Korea, China, and Japan. For instance, Singapore was the first country to test robo-taxis in 2016 publicly. nuTonomy started testing robo-taxis with Renault Zoes and Mitsubishi i-MiEv vehicle. South Korean auto giant Hyundai has partnered with the US startup Aurora Tech to develop robo-taxis in South Korea. Hyundai is expected to test the service by 2021. The company will deploy fuel cell electric vehicle Nexo and compact SUV Kona electric in Sejong for driverless taxi service. The vehicles would have level 4 automation.

Key Market Players:

The self-driving taxi manufacturers include Waymo LLC (US), Aptiv (Ireland), GM Cruise (US), Ridecell, Inc (US), Uber Technologies Inc. (US), NAVYA (France), and EasyMile (France).

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The Rear-View Mirror Market for Automotive is projected to grow at a CAGR of 5.39% from 2017 to 2022, to reach a market size of USD 12.97 billion by 2022. Factors such as increasing awareness about passenger and vehicle safety and trend of integrating additional features are expected to drive the demand for smart rear-view mirrors during the forecast period.
According to Federal Motor Vehicle Safety Standards (U.S), all cars are required to have side and rear-view mirrors. The Alliance of Automobile Manufacturers has filed a petition to update these standards and allow them to replace side mirrors with cameras. If the National Highway Traffic Safety Administration (NHTSA) allows the replacement of side mirrors with the camera, it will change the landscape of the automotive mirror industry in the U.S. Changes in the European regulation allow mirrorless cars for road testing purpose. Likewise, Japanese regulators have approved the use of camera technology to replace mirrors on cars in 2017. This mixed scenario of regulations across the globe is a challenging situation for tier 1 players to form a coherent global strategy.

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The study estimates Asia-Pacific as the fastest growing market for smart rear-view mirrors during the forecast period. The market growth in this region can be attributed to increased vehicle sales and cost competitiveness for original equipment manufacturers. The demand for automotive mirrors is directly linked to the vehicle production in the region. The companies involved in the production of mirrors and their components have started focusing on the Asia-Pacific market to cater to the growing demand. Almost all top tier 1 players are present in the region, either through a joint venture or subsidiary company. Hence, the Asia-Pacific market will act as a new revenue pocket for the automotive mirror manufacturers.
The blind spot detection is projected to grow at the fastest rate owing to the inclination of governments and consumers toward additional safety attributes of vehicles. Asia-Pacific is estimated to be the fastest growing market for blind spot detection in the automotive mirror. OEMs in this region are increasingly adopting rear-view mirrors that have blind spot detection feature. North America is estimated to be the second fastest growing market for blind spot detection. On the other hand, Europe is estimated to have the largest market share, by volume, of blind spot equipped automotive mirrors.
The smart rear-view mirror is estimated to be the fastest growing segment of the rear-view mirror market, by product. The smart rear-view mirror is enriched with features and services such as telematics and integrated camera technology. Currently, OEMs offer these services in their premium vehicle models. However, these will soon be adopted in the other vehicles also. The market for smart rear-view mirror is expected to grow at the fastest rate owing to increasing adoption by OEMs.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand for increased safety and security in vehicles, and the growing inclination towards premium vehicles will likely propel the growth of the remote vehicle diagnostics market.
Browse 81 market data tables and 53 figures spread through 144 pages and in-depth TOC on “Vehicle Diagnostics Market”
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“Bluetooth to lead the remote vehicle diagnostics market, by connectivity, in terms of value”
Bluetooth technology is expected to constitute the largest segment of the remote vehicle diagnostics market, by connectivity (value). Market growth can be attributed to the advantages offered by Bluetooth connectivity, such as enabling devices and smartphones to be connected to the vehicle. The key application of Bluetooth connectivity technology in remote vehicle diagnostics is connecting the vehicle to the internet via the cellular phone to transfer and receive data from the server. 3G connectivity technology is estimated to be the second largest segment of the remote vehicle diagnostics market.
“Roadside assistance: Fastest growing segment of the remote vehicle diagnostics market, by application”
Roadside assistance is an essential application of remote vehicle diagnostics, as it provides emergency assistance services in case of a vehicle breakdown. If the vehicle breaks down, the remote vehicle diagnostics solution automatically diagnoses the cause of the vehicle failure and sends analyzed data to the server, along with the vehicle’s real-time location, for required roadside assistance. North America is estimated to lead the roadside assistance application market, in terms of volume, followed by Europe and Asia-Oceania, owing to the increasing demand for safety and security features in these regions.
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“Asia-Oceania: Fastest growing market for remote vehicle diagnostics”

The Asia-Oceania remote vehicle diagnostics market is projected to grow at the highest CAGR during the forecast period. The market is expected to grow at a high rate in countries such as India, China, Japan, and South Korea.This region has the highest vehicle production in the world, due to its sizable population and increasing disposable income. The growing population, increasing per capita income, and improving standard of living have contributed to the growth of the automotive industry in Asia-Oceania. The increasing per capita income has resulted in increasing sales of high-end vehicles among consumers. As a result, Asia-Oceania will likely be the fastest growing market for remote vehicle diagnostics. China is the key automotive market in this region, as it produces the highest number of passenger cars in the world.
The report analyzes major players in the remote vehicle diagnostics industry, including Robert Bosch GmbH (Germany), Continental AG (Germany), OnStar LLC (U.S.), Magneti Marelli S.p.A (Italy), Delphi Automotive PLC (U.K.), Softing AG (Germany), Voxx International Corporation (U.S.), Snap-On Inc. (U.S.), and Vector Informatik GmbH (Germany).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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Automotive E-tailing Market by Applications, Vehicle Type, Vendor, Components (Infotainment, Interior Accessories, Engine Components, Tires, and Electrical Products), Product Label, Technology, and Region - Global Forecast to 2021

The report "Automotive Drivetrain Market by Drive Type (AWD, RWD, FWD), Vehicle Type (Passenger car, LCV, Buses and Trucks), Electric Vehicle Drive type (BEV, PHEV, HEV), and Region - Global Forecast to 2021", The automotive drivetrain market is projected to grow at a CAGR of 6.18%, to reach a market size of USD 278.57 Billion by 2021. The market is driven by factors such as the increasing need for better acceleration, traction, and towing capabilities in vehicles and the growing demand for comfort and safety in vehicles.

Browse 69 market data tables and 49 figures spread through 140 pages and in-depth TOC on “Automotive Drivetrain Market”
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“Increasing need for better acceleration, traction, and towing capabilities in vehicles is propelling the growth of the automotive drivetrain market”
Towing capability, traction, and acceleration play a crucial role in Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs). Generally, LCVs and HCVs are equipped with Rear Wheel Drive (RWD) for better towing capability. However, in terms of traction, All-Wheel Drive (AWD) systems are more effective than conventional RWD systems. Developments in the automotive drivetrain industry could lead to advanced drivetrain technology that meets the need for better acceleration and traction. The increasing need for better acceleration and traction has compelled Tier I companies to enhance the drivetrain system. The global demand for LCVs and HCVs is increasing at a promising rate; this is expected to drive the automotive drivetrain market in the coming future.
“Growing demand for lightweight shafts to spur the growth of the automotive drivetrain market”
The heavy, rigid shafts used in Sports Utility Vehicles (SUVs)/Multi-Utility Vehicles (MUVs)/Multi-Purpose Vehicles (MPVs), LCVs, and some big saloon sedans contribute to the weight of the vehicle. The automotive industry is witnessing a growing trend of lightweight hollow shafts. The forged construction of hollow shafts, along with their drilling and heat treatment, significantly reduces the weight of the shaft without compromising its torsional stiffness. These shafts are 15% to 30% lighter than their rigid counterparts. The lightweight shafts are generally equipped in hatchbacks and small and mid-size sedans. OEMs are exhibiting a growing inclination towards lightweight hollow shafts and are using them in SUVs/MUVs/MPVs. The global trend of vehicle weight reduction will likely propel the demand for hollow shafts, as these shafts help reduce vehicle weight. Stringent emission norms and standards are also driving the market for lightweight hollow shafts, as they help reduce emissions and increase fuel efficiency.
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“Asia-Pacific to be the largest market for automotive drivetrains”
Asia-Pacific is estimated to dominate the automotive drivetrain market and is projected to grow at the highest CAGR during the forecast period. The region has emerged as a hub for alternative fuel passenger cars in recent years, with China and Japan as the frontrunners. Governments in the region are also trying to promote the sales of alternate fuel vehicles through incentives and tax deductions.
The automotive drivetrain market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Aisin Seiki Co., Ltd (Japan), American Axle & Manufacturing (U.S.), BorgWarner Inc. (U.S.), GKN plc (U.K.), Magna International Inc. (Canada), Dana Holding Corporation (U.S.), JTEKT Corporation (Japan), Showa Corporation (Japan), and Schaeffler Group (Germany).
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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The report "Automotive E-tailing Market by Applications, Vehicle Type, Vendor, Components (Infotainment, Interior Accessories, Engine Components, Tires, and Electrical Products), Product Label, Technology, and Region - Global Forecast to 2021", The E-tailing market for automotive applications is projected to grow at a CAGR of 12.53% from 2016 to 2021, to reach a market size of USD 49.07 Billion.

Browse 96 market data tables and 68 figures spread through 178 pages and in-depth TOC on “Automotive E-tailing Market”
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The major factors behind the growth of the E-tailing market for automotive applications are increasing internet penetration, higher vehicle population coupled with the higher vehicle age in different countries.

Third Party vendors are the biggest sellers in the E-tailing market for automotive applications

Third party vendors such as Amazon, Alibaba, and Ebay are the biggest players in the E-tailing market for automotive applications. Availability of broad range of products, features such as price comparison, customer reviews, and the discounts are the major factors driving the global market for online sales of automotive components.

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Online tire sales: Expected to increase in developing countries

Among various automotive components, tires are the mostly commonly sold component online. The ease of replacing a tire means that most automotive customers prefer to buy it online. The U.S., China, and Japan are countries that have large vehicle populations, which require frequent tire changes, which makes them forerunners in the online tire market.

North America holds the largest market share for E-commerce software platform market for 2016
North America is currently the largest market for e-commerce software platforms. The drivers for this growth are increased spending on e-commerce platforms by large retailers, who have invested in dedicated mobile platforms, and high internet penetration rate. In North America, the U.S. is the revenue hot spot for this market and would dominate throughout the overall forecast period.

Asia-Pacific: Projected to witness highest CAGR for E-tailing market for automotive applications

Asia-Pacific is projected to be the largest market for E-tailing market for automotive applications due to growing economies of countries such as China and India. Growth of technological infrastructure, increasing internet penetration, convenience of online shopping and existing vehicle population are the major factors for Asia-Pacific to be the fastest growing market. Additionally, countries like China, India, Japan and South Korea are more inclined towards adopting new technologies such as using internet and smartphones, which has also accounted for such huge growth in this market for automotive components online sales.
The major market players in the E-tailing market for automotive applications are Advance Auto Parts (U.S.A.), Alibaba Group Holding Limited (China), Amazon.com Inc. (U.S.A.), Delticom AG (Germany), O’Reilly Auto Parts (U.S.A.), Flipkart (India) and eBay Inc. (U.S.A.) etc. which have their presence in not only the domestic but in the international market as well.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
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sales@marketsandmarkets.com

The Driving Simulator Market is expected to grow from USD 1.7 billion in 2019 to reach USD 2.4 billion by 2025, at a CAGR of 6.32%. OEMs are investing huge amounts in research & testing application worldwide leading to continuous advancements in simulation technologies. The growing trend of using driving simulators and continued improvement in simulation are among the major factors responsible for the expected advancements in the driving simulator market. The continuous growth in research & testing of advanced components by manufacturers and OEMs in the automotive industry is further anticipated to boost the driving simulator market. In 2018, IPG Automotive introduced the RDX Test Generator that enabled early RDE tests with virtual test driving. The RDX Test Generator as an add-on for the simulation solutions of the CarMaker product enabled the straightforward generation of reproducible real driving test scenarios, taking adjustable driver behavior and traffic density into account.

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In vehicle type, the car simulator segment is estimated to be the largest driving simulator market. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the driving simulator market for car simulators.

Asia Pacific is estimated to be the fastest growing driving simulator market during the forecast period, as the region has emerged as a hub for automobile production. The growing purchasing power of consumers in this region has triggered the demand for automobiles. Cost advantages for OEMs, low automobile penetration levels, and increased vehicle production offer attractive market opportunities for OEMs to construct research facilities in this region. The Asia Pacific region is also home to key automotive OEMs such as Toyota, Honda, and Hyundai.

The North American region is the largest driving training simulator market. Technological advancements and stringent traffic regulations for driving safety have increased the use of driving training simulator market. Governments, as well as private manufacturers, are focusing on installing driving simulators to reduce the number of accidents, decrease the fuel cost, and increase the driver’s safety. Most countries have taken stringent measures to avoid the number of accidents, by installing driving simulators in various private and government driving schools.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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The report "Advanced Gear Shifter System Market for Automotive by Technology (Automatic Shifter, Shift-by-Wire), Component (CAN Module, ECU, Solenoid Actuator), Vehicle Type (Light Duty Vehicles, Commercial Vehicles), EV Type, and Region - Global Forecast to 2025" The advanced gear shifter system market for automotive is projected to grow at a CAGR of 7.91% during the forecast period, to reach USD 17.8 billion by 2025 from an estimated USD 10.5 billion in 2018.

Browse 89 market data Tables and 53 Figures spread through 123 Pages and in-depth TOC on "Advanced Gear Shifter System Market for Automotive"

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South America to be the fastest growing market and Asia Pacific to hold the largest market for advanced gear shifter system in 2025

South America is projected to be the fastest growing market for automotive advanced shifter from 2018 to 2025. The market growth in this region can be attributed to the increasing vehicle production and expansion of leading OEMs and automotive component suppliers. Asia Pacific is projected to be the largest market for automotive advanced shifter from 2018 to 2025. The market growth in the region can be attributed to factors such as increasing sales of mid-size and luxury vehicles and government initiatives regarding the use of environment-friendly electric vehicles.

Increasing sales of vehicle equipped with the automatic and automated-manual transmission market to drive the market for Shift-by-wire technology
The advanced gear shifter system market for shift-by-wire technology segment is estimated to be the largest during the forecast period. It is followed by the automatic shifter. Extensive use of shift-by-wire technology in luxury and mid-size vehicle is driving the market for shift-by-wire technology. Another factor that is driving the market for shift-by-wire technology is the significant rise in the sales of modern green vehicles in developing countries like China, India and Brazil.

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Solenoid actuator component segment for advanced gear shifter system is estimated to be the largest segment by current rating from 2018 to 2025

The advanced gear shifter system market for solenoid actuator is estimated to be the largest since it is used in most of the vehicle shifting mechanism. Increasing vehicle production equipped with automatic and semi-automatic transmission is likely to drive the growth of this segment.
The advanced gear shifter system market is dominated by a few globally established players such as ZF (Germany), Kongsberg (Norway), Dura Automotive (US), Ficosa (Spain), and Stoneridge (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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The report "Integrated Traffic Systems Market by Function (traffic monitoring, traffic control, information Provision), Sensors, Hardware Type (display boards, sensors, radars, interface boards, surveillance cameras), and Region – Global Forecast to 2025" The global integrated traffic systems market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increasing urbanization across the globe is estimated to drive the integrated traffic systems market

Browse 57 market data Tables and 42 Figures spread through 130 Pages and in-depth TOC on "Integrated Traffic Systems Market"

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Traffic monitoring, by function, is estimated to hold the largest market share during the forecast period

Traffic monitoring is the first step to identify the pattern of traffic to choose an optimum solution for traffic flow. Traffic monitoring consists of many functions such as automatic number plate detection, vehicle detection, and journey time measurement systems. Developing countries such as India and China, are facing rapid urbanization rate which has resulted in continuous monitoring of the traffic to avoid congestion and predict traffic pattern. This is estimated to lead the traffic monitoring segment to the highest market share in the integrated traffic systems market by 2025.

Sensors are estimated to be the fastest growing hardware, by hardware type, during the forecast period

Sensors are estimated to grow at the highest CAGR in traffic monitoring systems. The highest growth in the sensors market can be attributed to the application of sensors in multiple systems. Sensors are used in traffic management for gathering data and sending traffic safety warnings. Sensors play a pivotal role in controlling and managing a city’s traffic. Further, they help in providing driving assistance.

The growing demand for traffic monitoring and traffic control to increase the average speed of the traffic is propelling the demand for sensors. Moreover, the advent of connected technologies in traffic systems will act as a catalyst to the growth of the sensors market in the future.

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Europe to be the largest integrated traffic systems market
The European integrated systems market is estimated to be the largest in 2019. The significant increase in the volume of vehicular traffic over the last couple of decades and the inability of existing transport infrastructure to support the same is estimated to drive the demand for integrated traffic systems. Additinally, developed countries such the UK and Germany with a stringent focus on road safety will further drive the market.

The report analyzes all major players in the integrated traffic systems market such as Kapsch TrafficCom (Austria), Cubic (US), Swarco (Austria), Siemens (Germany), and Iteris (US).
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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The automotive wiring harness market is projected to grow at a CAGR of 5.83% during the forecast period, from an estimated market size of USD 81.17 billion in 2018 to USD 120.69 billion by 2025. The key growth drivers for the market are the rising trend of integrating advanced features for improving vehicle performance and growing demand for electric vehicles globally.

Expansion is the key strategy adopted by major players to gain traction in the automotive wiring harness market. In July 2017, Yazaki (Japan) established a new company to manufacture automotive wiring harnesses in Serbia. The new company, named Yazaki Serbia, is a wholly-owned subsidiary of Yazaki Wiring Technologies GmbH. It would principally supply wiring harnesses to European truck manufacturers. The company invested USD 27.61 million for setting up the new plant in Serbia. In November 2017, Leoni (Germany) inaugurated its third wiring system plant in Mexico to cater the demand from the consumers of North America and Asia Pacific. In September 2017, the company opened a second automotive cable manufacturing plant in Ukraine. This development by the company is valued at USD 24 million and indicates the company’s growth.

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The second most widely followed strategy by market players is new product development. In November 2017, Leoni (Germany) developed an optical fiber with new capabilities for automotive applications. This 360-degree beam optical fiber can be used for automotive ambient lighting and individual product design. Also, in August 2017, the company introduced automated production of wiring systems for automotive applications. This development may provide the company a competitive edge over its global competitors. In January 2018, Furukawa (Japan) developed a new automatic cutting and crimping equipment that is well-suited for anti-corrosion terminals. These kinds of terminals are used for aluminum wires in vehicle wire harnesses. Thus, the company can increase its customer base by offering developed terminals for automotive wiring harnesses.
Yazaki (Japan) is one of the key players in the automotive wiring harness market. The company is primarily engaged in the manufacturing of automotive wiring harnesses, meters, charging connectors, and electric wires. The company offers wiring harnesses in a unique architectural design known as the four-network system, which is further connected to the “vehicle network gateway.” The company also contributes to the development of charging devices, which enhance the performance and convenience of hybrid and electric vehicles. The company’s major customers include leading OEMs in the automotive industry, such as Audi (Germany), BMW (Germany), General Motors (US), Chrysler (US), Ford Motors (US), Hyundai (South Korea), and Toyota (Japan).

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Sumitomo Electric (Japan) is another promising player of the automotive wiring harness market. The company provides wiring harnesses of high quality and upgraded technology for electric vehicles (EVs) and ICE vehicles. It also develops high-strength aluminum wiring harnesses, which reduce the weight of the harness and improve high voltage carrying capacity. Thus, the company is ranked amongst the leading players in the global automotive wiring harness market. In November 2017, Sumitomo and GoMentum Station (US) established a partnership to develop autonomous and connected vehicle technologies. This partnership would help to introduce advanced automated vehicle technology. In addition, the company collaborated with NEC Corporation (Japan) for the planning and development of automotive components. The collaboration would help to develop transportation infrastructure systems by optimizing artificial intelligence (AI) and Internet of Things (IoT) technologies.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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The report "Thick Film Resistor Market by Industry & Resistor Type (Automotive, Electrical & Electronics & Telecommunication), Resistor Type (Thick Film & Shunt), Vehicle Type (ICE, Electric & Hybrid Vehicles) and Region - Global Forecast to 2025", is projected to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million by 2025 from USD 435 million in 2018. Factors such as increasing adoption of advanced technologies in automotive industry, increasing adoption of 4G/5G networks, and rising demand for high-performance electronic and electrical systems are expected to fuel the demand for thick film power & shunt resistors.
Browse 79 market data Tables and 47 Figures spread through 158 Pages and in-depth TOC on "Thick Film Resistor Market"

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Thick Film Resistor is estimated to hold the largest share in the market, by resistor type

Thick film power resistor is estimated to hold the largest market share in 2018. The factors driving this market are the rising demand for electronic circuits in passenger cars and commercial vehicles, consumer electronics goods, and telecommunications. Rising sales of electric and hybrid vehicles due to government regulations and incentives/tax exemptions have prompted OEMs to install more electronic devices in vehicles. Further, robust technological advancements have increased the demand for consumer electronic products such as smartphones, computers, laptops, digital, tablets, and printers, and smart televisions. Furthermore, increasing telecom subscription base and increasing internet services usage owing to reduced subscription cost have driven the demand for telecom equipment installed with thick film resistors. All these factors are expected to strengthen the thick film resistors market in the future.

Electrical & Electronics industry is estimated to be the fastest growing segment in thick film resistor market

The electrical & electronic industry is expected to be the highest growing market for thick film and shunt resistor during the forecast period. These resistors are used in consumer electronics, computer electronics and peripherals, mobiles & tablets, LED lighting, energy meters, and back-up power devices among others. As the demand for the consumer electronics has increased, the demand for the thick film power & shunt resistor is growing since electronic circuitry are fitted with these types of resistors. Also, with rising industrial automation and the growing demand for compact and efficient electronic devices, the demand for thick film and shunt resistors in the electrical & electronic industry would grow in coming years.

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Asia Oceania: The largest region for thick film power& shunt resistor market for automotive industry

The Asia Oceania region is expected to be the largest market for the thick film & shunt resistors. This region has emerged as a huge business opportunity for almost every industry. For instance, Asia Oceania held maximum share, in terms of vehicle production with around 54–56% of the global vehicle production in 2018. The factors driving the automotive market are the improving lifestyle, an increasing number of metro cities, and a steadily growing population. Limited infrastructure and increasing number of road accidents have resulted in the vehicle and road safety regulation for the installation of ADAS in vehicles in countries such as China, South Korea, and Japan. As per the insights from key industry experts, increase in industrial automation, vehicle electrification, and trend for compact electronic devices are the major reason driving the thick film power& shunt resistor market in Asia Oceania.

Additionally, the rising urbanization and upcoming smart city projects, especially in China and India, have boosted the growth of the electrical & electronics industry. This region is also projected to grow at the fastest rate owing to the continuously increasing telecom subscriber base. According to the Walsin Technology Corporation investor presentation (2018), the number of 5G connections in China and other Asia Pacific countries is expected to cross 1.5 billion by 2025. Rising e-commerce activities and increasing awareness for the benefits of real-time data are prompting the telecom providers to enhance the efficiency of their network offering, which will require more sophisticated equipment. With the increasing demand for this equipment, the market for thick film power & shunt resistors for the telecommunication industry will grow.
Some prominent players in the thick film resistor market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Bourns (US), Viking Tech Corporation (Taiwan), TT Electronics (UK).

Don’t miss out on business opportunities in Thick Film Resistor Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies
this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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The Automotive Secondary Wiring Harness Market is projected to grow at a CAGR of 11.91% during the forecast period 2017–2022, to reach at a market size of USD 22.90 Billion by 2022.

The base year for the report is 2016 and the forecast year is 2022. The objective of the study is to analyze and forecast (2017–2022) the market size, in terms of volume (units) and value (USD billion), of the automotive secondary wiring harness market. The report segments the market by application, vehicle type, electric vehicle type and region North America, Europe, Asia-Pacific, and the Rest of the World (RoW). A detailed study of various market leaders has been done and opportunity analysis has been provided in the report.

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Various secondary sources such as company annual reports/presentations, press releases, industry association publications, International Organization of Motor Vehicle Manufacturers (OICA), International Cable makers Federation (ICF), Automobile wiring harness manufacturers, Automotive Wire and Cable Manufacturers, Wiring Harness Component Suppliers, Wiring Harness Design Companies, MarkLines database, magazine articles, encyclopedias, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases have been used to identify and collect information useful for an extensive study of this market. The primary sources experts from related industries, automotive wiring harness manufacturers, and wiring harness experts have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. The bottom up approach has been used to estimate and validate the size of the automotive secondary wiring harness market. In this approach, the market size, by volume, is derived by number of secondary wires used in different vehicle types at country level. The market size, by value, is derived by multiplying the average selling price of secondary wiring harness by the number of secondary wires in each application in each vehicle type at country level.
The ecosystem of the automotive secondary wiring harness market consists of various wiring harness manufacturers such as Sumitomo Electric Industries, Ltd. (Japan), Lear Corporation. (US), Delphi Automotive LLP. (UK), Yazaki Corporation. (Japan), and Furukawa Electric Co., Ltd. (Japan) and research institutes such as International Organization of Motor Vehicle Manufacturers (OICA), International Cable makers Federation (ICF), Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

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Automotive Secondary Wiring Harness Market Target Audience
• Automobile wiring harness manufacturers
• Conducting material manufacturers
• Distributors and suppliers of insulators and conductors
• Electric vehicle manufacturers
• Industry associations and experts
• Insulators manufacturers
• Raw material suppliers

The key factors restraining the growth of the automotive secondary wiring harness market include the wiring harness corrosion and fluctuating raw material cost. The market is dominated by many international as well as domestic players such as Sumitomo Electric Industries, Ltd. (Japan), Lear Corporation. (US), Delphi Automotive LLP. (UK), Yazaki Corporation. (Japan), and Furukawa Electric Co., Ltd. (Japan).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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The global Electronic Logging Device Market, by new vehicle service and aftermarket service, is expected to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025. Major driving factors of the market is ELD mandate for fleet management in North America and in some of the Asian countries like Japan and South Korea. In Addition to that, the growing need for operational efficiency in fleet-owning organizations will also play a crucial role in market. Europe is expected to be the largest market for electronic logging device during the forecasted period because of the strictly implemented regulations related to electronic logging device.

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“Embedded electronic logging device is expected to be the largest segment of the electronic logging device market”

Embedded electronic logging device is expected to be the largest segment because of the rapid adoption of electronic logging device in developed regions, particularly in North America and Europe. Embedded electronic logging devices offer more features and are secure and reliable. However, the high cost of these systems is a limitation for many fleet owners. Integrated systems, on the other hand, are cheaper and do not require a high installation cost. Due to the increasing government regulations regarding the safety of drivers and vehicles, regulations related to ELD are expected to be implemented in the coming years in countries such as Russia, Brazil, and China. All such factors are driving the embedded electronic logging device market.

“Telematics unit is expected to hold the largest market share over the forecast period”

By component, telematics unit is estimated to be the largest segment of the electronic logging device market. Telematics unit is the standard fitment in electronic logging device and is the only core component for any electronic logging device. Telematics unit is a system mounted in a vehicle, which measures the performance of the driver as well as the vehicle. It facilitates services like calculating the driver’s hours of service; monitoring the vehicle’s condition, fuel efficiency, and tax report; and transmitting data through a GSM module. Telematics unit of an electronic logging device includes electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more. It also includes a Global System for Mobile Communication (GSM), which enables communication between the driver and the fleet owner at any place and time. It also offers other features, including e-call, breakdown assistance, vehicle theft tracking, driver monitoring, and e-toll.

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Key Questions addressed by the report

· Which type of form factor is going to dominate in electronic logging device market in the future?
· How are the industry players addressing the challenge of maintaining a balance between performance and low-cost electronic logging device?
· Which type of service package is expected to dominate the service market?
· What could be the market size of electronic logging device for new vehicle service?
· What could be the market size of electronic logging device for aftermarket service?

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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The global Integrated Traffic Systems Market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increase in vehicle ownership is projected to drive the demand for integrated traffic systems market.

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The traffic control segment is expected to be the second largest contributor to the integrated traffic system market, by function, during the forecast period.

The current limitations of road infrastructure in developed as well as developing economies have fueled the development for new and existing technologies such as integrated traffic systems. Increasing traffic and growing population in urban areas have boosted the demand for smooth and congestion-free travel from commuters and governments. Moreover, vehicle ownership ratio has increased significantly across the globe, which has led to an increasing demand for traffic control functions. Due to the limited availability of land, usage of current road infrastructure needs to be optimum. For optimum usage of road infrastructure, traffic control systems such as parking management and intelligent traffic lightings are required. As a result of these factors, the traffic control system segment is estimated to be the second largest contributor in the integrated traffic systems market.

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Surveillance camera is expected to be the fastest growing segment in the integrated traffic systems market, by hardware, during the forecast period.
The surveillance camera segment is expected to be the fastest growing market during the forecast period. The main factors driving the market include real-time traffic tracking and easily readable information. Moreover, decreasing the cost of camera systems is fueling the application of surveillance cameras in the integrated traffic systems market.

Key Market Players

The key players in the integrated traffic systems market are Kapsch TrafficCom (Austria), Cubic (US), Swarco (Austria) , Siemens (Germany), Sumitomo (Japan), Flir Systems (US), Jenoptik AG (Germany), LG CNS (Korea), and Iteris (US). Swarco is anticipated to be a dominant player in the integrated traffic systems market. Swarco adopted the strategies of new product development, supply contracts, and mergers & acquisitions to retain its leading position in the integrated traffic systems market. The company strengthened its product portfolio and increased its global presence by building customer relationships. It has also started to increase its presence in emerging markets.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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The report "Automotive Acoustic Materials Market by Type (ABS, Fiberglass, PP, PU, PVC & Textile), Component (Arch Liner, Dash, Fender & Floor Insulator, Door, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray), ICE & EV, and Region - Forecast to 2027", is projected to grow to USD 3.5 billion by 2027 from USD 2.4 billion in 2019, at a CAGR of 4.79%. The introduction of enhanced comfort and safety features is driving the acoustic materials market at a global level. Also, government regulations pertaining to vehicle noise for passenger cars and commercial vehicles would compel OEMs to increase the use of acoustic materials, which would further drive the market for automotive acoustic materials.

Browse 109 market data Tables and 47 Figures spread through 164 Pages and in-depth TOC on "Automotive Acoustic Materials Market"

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“Polyurethane and Polypropylene to be the largest segments, by material type.”

Polyurethane and polypropylene are increasingly gaining importance in the automotive acoustic materials market. Polyurethane and polypropylene materials are thus projected to lead the automotive acoustic materials market, by material type. According to secondary sources, polyurethane is porous and cracks when exposed to sunlight. Hence, it is used mostly in the interior of the vehicle and polypropylene has higher density and shock absorbing capacity, and therefore, it is used mostly for components in the exterior of the vehicle. The demand for nonwoven materials such as polyurethane and polypropylene is expected to increase in the future because of several benefits such as reduced weight, versatility, better sound absorption, improved aesthetics, and cost-effective features which are lagging in conventional materials.
“Interior to be the fastest growing market for automotive acoustic materials, by application.”
The interior cabin is one of the important applications that ultimately defines vehicle comfort. The noise coming from the powertrain system and other sources such as wind, road, and tires are the primary concerns for vehicle manufacturers. OEMs, component manufacturers, and material providers are jointly working to develop improved cabin interiors with better acoustical aspects. Various developments with respect to vehicle designs have been undertaken by OEMs. The components that absorb the unwanted sound from vehicles are headliner, floor insulators, inner dash, and door trim. Additionally, the cabin rear trim is also used in the interior application in light and heavy commercial vehicles.

The interior cabin has the fastest growing demand for acoustic materials across all types of vehicle categories owing to the large area of components such as headliners and floor insulator. According to MarketsandMarkets Analysis, the requirement of materials ranges from approximately 3.5–5 m2 for these two components. Also, the inner dash along the dashboard acts as a critical component to prevent the noise from the engine compartment. Thus, the usage of acoustic materials such as polypropylene, polyurethane, and fiberglass provides excellent noise protection in the interior cabin.

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“Asia Oceania to be the largest market for automotive acoustic materials, followed by Europe.”

The Asia Oceania region has emerged as the largest market for acoustic materials. Asia Oceania accounted for the largest global vehicle production in 2018. The region is estimated to be the largest market for automotive acoustic materials, by volume as well as value. The huge vehicle production in the region offers a tremendous growth opportunity for the acoustic materials market. China is the largest producer of vehicles in the region. Favorable investment policies coupled with the availability of cheap labor have made Asia Oceania an ideal market for automotive OEMs and acoustic material manufacturers and suppliers. The region has a higher growth potential than matured markets such as North America and Europe.

Europe is the second largest market for passenger cars, particularly for premium cars (C segment and above). The sale of premium cars is projected to show linear growth during the forecast period, thereby increasing the demand for acoustic materials in Europe.
The automotive acoustic materials market is dominated by global players and comprises several regional players as well. The key players in the automotive acoustic materials market are Dow Chemical (US), BASF (Germany), 3M (US), Covestro (Germany), Henkel (Germany), LyondellBasell (US) and Sumitomo Riko (Japan).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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The report "Baggage Handling System Market by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID) and Region - Global Forecast to 2025", The global baggage handling system market is projected to reach USD 13.7 billion by 2025 from USD 8.4 billion in 2018, at a CAGR of 7.28%.

The growing focus on improving air connectivity and the development of intermodal transport will drive the baggage handling system market. Additionally, the rising smart city projects and growing maritime industry are also expected to drive the demand for baggage handling systems. Factors such as complex architecture and high level of initial investments are restricting the growth of this market. However, an increase in passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players.

Browse 76 market data Tables and 45 Figures spread through 163 Pages and in-depth TOC on "Baggage Handling System Market"

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“Conveying and sorting to be the largest segment, by solution.”

The conveying and sorting segment is projected to lead the baggage handling system market, by solution. According to primary insights, sorting is the heart of the total baggage handling system. The exponential increase in air and marine passenger volume for domestic and international travels worldwide has encouraged baggage handling system manufacturers to find ways to improve existing baggage handling technologies with automated sorting. According to Société Internationale de Télécommunications Aéronautiques (SITA), with a rise in automation reflected in increasing use of conveyor systems, the rate of baggage mishandling reduced in 2018 compared to 2017.
“RFID system to be the fastest growing segment for baggage handling system market, by tracking technology.”

The airline industry is a customer service oriented industry, which leads to immense competition. Today, the key challenge for the airport industry is to reduce baggage mishandling. Baggage mishandling can lead to customer dissatisfaction. According to the Ministry of Civil Aviation, between November 2016 and June 2018, domestic Indian airlines received 763 grievances related to baggage—the fourth highest after complaints about flight delays, ticket fares, and check-in and boarding. In response to that, companies and authorities are focusing on the development of an effective baggage handling system. For instance, the International Air Transport Association (IATA) has been working toward ‘Resolution 753’. RFID systems have a better coverage area than barcode systems and do not need to be positioned in the line of sight for scanning. The RFID system segment is expected to show strong growth in the coming years, with Resolution 753 mandates. However, according to primary insights, Resolution 753 will never discard barcode systems completely

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“Asia Oceania to be the largest market for baggage handling systems.”

Asia Oceania is expected to provide lucrative opportunities in the baggage handling system market. Factors such as strong economic growth, increasing focus on development of smart cities, and favorable government policies for improving air connectivity have triggered the demand for baggage handling systems in the region. Due to the ever-growing air passenger traffic, China accounts for the highest market share of the total Asia Oceania baggage handling system market. Additionally, with a significant focus of the government on development of new airports, India is expected to play a key role in the baggage handling system industry in the Asia Oceania region. For instance, the Indian government plans to construct 100 new airports with an investment of about USD 60 billion in the next 10–15 years. On the other hand, Europe and the Americas have matured markets for the baggage handling systems.

The baggage handling system market is dominated by few global players and comprises several regional players as well. The key players in the baggage handling system market are Siemens (Germany), Vanderlande Industries (Netherlands), Daifuku (Japan), Pteris Global Limited (Singapore), BEUMER (Germany), and SITA (Switzerland).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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The report "Thick Film Resistor Market by Industry & Resistor Type (Automotive, Electrical & Electronics & Telecommunication), Resistor Type (Thick Film & Shunt), Vehicle Type (ICE, Electric & Hybrid Vehicles) and Region - Global Forecast to 2025", is projected to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million by 2025 from USD 435 million in 2018. Factors such as increasing adoption of advanced technologies in automotive industry, increasing adoption of 4G/5G networks, and rising demand for high-performance electronic and electrical systems are expected to fuel the demand for thick film power & shunt resistors.

Browse 79 market data Tables and 47 Figures spread through 160 Pages and in-depth TOC on "Thick Film Resistor Market by Industry & Resistor Type (Automotive, Electrical & Electronics & Telecommunication), Resistor Type (Thick Film & Shunt), Vehicle Type (ICE, Electric & Hybrid Vehicles) and Region - Global Forecast to 2025"
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Thick Film Resistor is estimated to hold the largest share in the market, by resistor type
Thick film power resistor is estimated to hold the largest market share in 2018. The factors driving this market are the rising demand for electronic circuits in passenger cars and commercial vehicles, consumer electronics goods, and telecommunications. Rising sales of electric and hybrid vehicles due to government regulations and incentives/tax exemptions have prompted OEMs to install more electronic devices in vehicles. Further, robust technological advancements have increased the demand for consumer electronic products such as smartphones, computers, laptops, digital, tablets, and printers, and smart televisions. Furthermore, increasing telecom subscription base and increasing internet services usage owing to reduced subscription cost have driven the demand for telecom equipment installed with thick film resistors. All these factors are expected to strengthen the thick film resistors market in the future.

Electrical & Electronics industry is estimated to be the fastest growing segment in thick film resistor market
The electrical & electronic industry is expected to be the highest growing market for thick film and shunt resistor during the forecast period. These resistors are used in consumer electronics, computer electronics and peripherals, mobiles & tablets, LED lighting, energy meters, and back-up power devices among others. As the demand for the consumer electronics has increased, the demand for the thick film power & shunt resistor is growing since electronic circuitry are fitted with these types of resistors. Also, with rising industrial automation and the growing demand for compact and efficient electronic devices, the demand for thick film and shunt resistors in the electrical & electronic industry would grow in coming years.

Asia Oceania: The largest region for thick film power& shunt resistor market for automotive industry
The Asia Oceania region is expected to be the largest market for the thick film & shunt resistors. This region has emerged as a huge business opportunity for almost every industry. For instance, Asia Oceania held maximum share, in terms of vehicle production with around 54–56% of the global vehicle production in 2018. The factors driving the automotive market are the improving lifestyle, an increasing number of metro cities, and a steadily growing population. Limited infrastructure and increasing number of road accidents have resulted in the vehicle and road safety regulation for the installation of ADAS in vehicles in countries such as China, South Korea, and Japan. As per the insights from key industry experts, increase in industrial automation, vehicle electrification, and trend for compact electronic devices are the major reason driving the thick film power& shunt resistor market in Asia Oceania.

Additionally, the rising urbanization and upcoming smart city projects, especially in China and India, have boosted the growth of the electrical & electronics industry. This region is also projected to grow at the fastest rate owing to the continuously increasing telecom subscriber base. According to the Walsin Technology Corporation investor presentation (2018), the number of 5G connections in China and other Asia Pacific countries is expected to cross 1.5 billion by 2025. Rising e-commerce activities and increasing awareness for the benefits of real-time data are prompting the telecom providers to enhance the efficiency of their network offering, which will require more sophisticated equipment. With the increasing demand for these equipment, the market for thick film power & shunt resistors for the telecommunication industry will grow.

Some prominent players in the thick film resistor market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Bourns (US), Viking Tech Corporation (Taiwan), TT Electronics (UK).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Electric Vehicle Supply Equipment Market by Charging Level (Level 1, Level 2 & Level 3), Application (Public, Private), Charging Infrastructure, Electric Bus Charging, Installation (Portable Charger, Fixed Charger), Charging Station, and Region - Global Forecast to 2027

The report "Blind Spot Solutions Market by Product Type (BSD, Park Assist, Backup Camera, Surround View & Virtual Pillar), Technology (Camera, radar & Ultrasonic), End Market (OE & Aftermarket), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2027" The blind spot solutions market is projected to grow from USD 10.6 billion in 2019 to reach USD 28.6 billion by 2027, at a CAGR of 13.2% during the forecast period

Browse 95 market data Tables and 54 Figures spread through 177 Pages and in-depth TOC on "Blind Spot Solutions Market"
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Europe is anticipated to lead the market during the forecast period

The automotive sector is one of the key industries in Europe. As per the European Commission, there are approximately 180 automobile facilities across the European Union, and the automobile industry is the largest investor in research & development. Europe is a hub for automotive giants and premium vehicles. The major drivers for the blind spot solutions market in Europe are the high focus on road safety, rising demand for electric and luxury vehicles, as well as the decreasing display prices, high production volume, and integration with software technologies. The region is home to leading automotive manufacturers like BMW, Audi, Mercedes-Benz, Scania, Volvo, and Volkswagen. These manufacturers are focusing their R&D activities on developing robust electric vehicles and autonomous vehicle technologies, which will boost the demand for blind spot solutions in the region. For instance, Mercedes-Benz is developing “Concept EQ,” an all-electric autonomous vehicle.

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Truck segment is projected to be the fastest growing blind spot solutions market, by vehicle type

Trucks are predominantly used for transportation of goods. For instance, as per the US Bureau of Transportation Statistics, in 2017, the trucking industry contributed to about 8.9% of the country’s GDP. China, the US, and India are the major markets for trucks. Increase in GDP, continuous development of road infrastructure, growing truck fleets, and the developing freight transport industry are the primary drivers for increasing production of trucks. In the freight transportation industry, driver safety and comfort in trucks are critical. Therefore, there will be an increasing adoption of luxury and safety features, including blind spot solutions, especially in North America and Europe. The blind spot solutions requirement in trucks is more than LCV and passenger car. This creates the need for blind spot solutions for safe trucking. Furthermore, advanced technologies such as truck platooning, electric trucks, semi-autonomous, and autonomous trucks will provide opportunities for the growth of the blind spot solutions market for trucks.

Surround view system is projected to be the fastest growing product type

The consistent improvement in driver assistance safety features because of substantial investments in R&D by OEMs has led to an increase in the camera-based safety features in vehicles. This factor has driven the vehicle manufacturers to use multiple cameras to increase the safety and integrate the driver assist features into a single unit. This has resulted in the inception of the surround view system capable of providing several drivers assist safety features for automobiles to enhance vehicle safety. The growth in semi-autonomous and autonomous levels has led to the growth of the surround view system in developed countries, while in BRIC countries, the technology is in an introductory phase.

The blind spot solutions market is dominated by global few suppliers and comprises several regional players. Some of the key vendors operating in the market are Magna (Canada), Continental (Germany), Denso (Japan), ZF Friedrichshafen (Germany), and Bosch (Germany).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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The report "Sliding Bearing Market by Railway (Locomotive, Wagon, Coach, DMU, EMU, Light Rail, Metro & High-Speed), Type (Thrust, Radial, Angular Contact & Linear), Application (Engine, Brake, Bogie, Interior & Exterior), Material & Region - Global Forecast to 2027" The Sliding Bearing Market is projected to grow at a CAGR of 6.4% during the forecast period, to reach a market size of USD 1,531 million by 2027 from USD 934 million in 2019. Increasing demand for higher efficiency, and reliability, rising metros, light rail and high-speed trains demand, and growing investments in railway projected globally are expected to fuel the sliding bearing market.

Browse 80 market data Tables and 40 Figures spread through 138 Pages and in-depth TOC on "Sliding Bearing Market "
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Wagons segment is estimated to hold the largest share in the sliding bearing market, by railway type

Freight wagons segment leads the sliding bearing market, by railway type, from 2019 to 2027 owing to its highest share in the overall railway globally. As per MarketsandMarkets analysis, the freight wagons held nearly 80% to 84% share in 2018. These wagons are installed with bogie, brakes, and coupling mechanisms which are having fitment of sliding bearings. Asia Pacific dominates the sliding bearing market, followed by the Americas as these regions have a high demand for wagons for the transport of goods and other bulk material. Railways is ideal for inter- and intra-country transport due to its safety and cost-effectiveness. Hence, the rising demand for wagons in these regions will directly influence the demand for sliding bearings.

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Brake application is projected to be the fastest growing segment in the sliding bearing market

The brake segment of the sliding bearing market, by application, is estimated to grow at the highest CAGR during the forecast period. Each type of railway, irrespective of the region, is installed either with drum or disc brakes. As per the industry insights, a single drum brake and disc brake consist of 1 and 4 units of sliding bearings, respectively. Technological advancements and the growing urbanization have resulted in the high demand for metros and high-speed trains. The high-speed trains and metros & light rails are usually installed with disc brakes to reduce the stopping distance. Thus, the growth in traditional and advanced railways would subsequently fuel the demand for sliding bearings for brake applications.

Europe is estimated to be the second largest market for sliding bearing

Europe is expected to be the second largest market for sliding bearings during the forecast period. European countries such as Germany, France, Spain, and the UK are known for promoting the usage of rapid transit systems such as EMUs, metros, and high-speed trains. The European governments are investing in the development of the railway infrastructure. Europe is a hub of global players such as Schaeffler, SKF, GGB Bearing, and IGUS. These companies are catering to the demand for sliding bearings in the regional as well as the global markets. These companies are also investing in R&D to develop non-metallic sliding bearing, which is useful in light-rails and metros. Thus, continuous efforts by the regional governments to enhance the railway infrastructure and the advancements in the technological capabilities of companies to produce sliding bearing for railway made up of composite materials are expected to provide promising growth opportunities in the European market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
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The report "All-terrain Vehicle Market by Type & Application (Sport, Entertainment, Agriculture, Military & Defense), Drive (2WD, 4WD, AWD), Engine (800cc), Fuel (Gasoline, Electric), Wheel Number, Seating Capacity, and Region-Global Forecast to 2027" The all-terrain vehicle market, by value, is projected to grow to USD 4.7 billion by 2027 from USD 3.9 billion in 2019, at a CAGR of 2.2% during the forecast period. The increasing demand for all-terrain vehicles in agriculture, military & defense, and recreation is driving the growth of the all-terrain vehicle market. Also, the increased purchasing power and spending capacity of individuals and societies for leisure and adventure vehicles would increase the sales of all-terrain vehicles, which would drive the market for all-terrain vehicles.
Browse 109 market data Tables and 48 Figures spread through 165 Pages and in-depth TOC on "All-terrain Vehicle Market"
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“Sports to be the largest segment, by Application”
The sports segment is projected to lead the all-terrain vehicle market, by application. ATVs used in sports feature energetic engines and long travel suspension for better handling experience. Riders prefer sport ATVs, especially in ATV championships. Their high-power engine and torque make them distinctive. The engine capacity of sport ATVs ranges from 100 to 1000cc. Also, sport ATVs can be modified and equipped with different accessories to design unique style and power. The shifting skills and handling features make these types of ATVs ideal for sporting activities. The increase in recreational activities in the tourism sector is driving the growth of ATV market in sports application globally.
“>800cc to be the fastest growing market for All-terrain vehicles, by Engine Type”
The >800cc engine is the fastest growing engine type segment that ultimately defines the ATV power and efficiency. A >800cc engine ATV is used in loading, transporting, and heavy activities. OEMs and manufacturers are investing heavily in the development of improved engines with better horsepower and torque. Various developments with respect to vehicle design have been undertaken by OEMs to install high power engines. Moreover, the demand for >800cc engine variant ATVs is exponentially growing due to its usage in many heavy-duty applications.
The >800cc engine has a high demand in sports, recreation, agriculture, mining, and construction. Thus, >800cc engine type is estimated to be the fastest growing market for all-terrain vehicles, by engine type.
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“Europe to be the fastest growing market for All-terrain vehicles, followed by Asia Pacific”
The European region is expected to emerge as the fastest growing market for all-terrain vehicle from 2019 to 2027. The adoption of ATV regulations in Europe would lead to increasing demand for all-terrain vehicles in the region. For instance, the change in homologation system, the EU type-approval frameworks for quadricycles (L-category), and agricultural & forestry vehicles (T-category) came into force. These regulations replaced the directive-based homologation system. As a result, the homologation of both utility and recreational All-Terrain Vehicles (ATVs) is regulated by Regulation (EU) 167/2013 (T) and Regulation (EU) 168/2013 (L). This regulatory change has directly affected the ATV market in Europe in the last 4 to 5 years. The European market is expected to grow as ATV manufacturers have already started complying with the EU requirements for ATV.
Therefore, Europe is estimated to be the fastest growing market for ATVs, particularly for utility ATVs. The sale of utility ATVs is projected to increase during the forecast period.
The all-terrain vehicle market is dominated by global players and comprises several regional players as well. The key players in the all-terrain vehicle market are Polaris Industries (US), Textron (US), Honda (Japan), Kawasaki (Japan), Suzuki (Japan), Yamaha (Japan), and BRP (Canada).
Don’t miss out on business opportunities in All-terrain Vehicle Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
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USA : 1-888-600-6441
sales@marketsandmarkets.com

Automotive safety systems play a crucial role in the automotive industry today. Stakeholders in the automotive value chain recognize the importance of driver and passenger safety and are constantly upgrading their offerings to provide fail-safe safety technologies. The increasing demand for safe, efficient, and convenient driving; rising disposable incomes in emerging economies; and growing stringency of safety regulations across the globe play a key role in driving the growth of the automotive airbags & seatbelts market.

The demand for Automotive Airbags & Seatbelts is growing at a significant pace, especially in emerging countries such as India and China. This growth in demand can be attributed to the improving road safety standards, supporting legislation, and increasing consumer awareness. The rapidly increasing vehicle population in China and India has increased the risk of road fatalities. Several countries in Europe and North America have introduced regulations that mandate the incorporation of airbags & seatbelts in passenger cars as well as commercial vehicles. For instance, in 1998, in the US, the use of airbags was made mandatory in all cars and light commercial vehicles. The law also specified that airbags should be fitted in both sides of the front seat (driver airbags as well as front passenger airbags). Also, in 2006, the European Union mandated the use of seatbelts. In 2012, they mandated the use of airbags (frontal airbags, head-protecting airbags, and side airbags).
The New Car Assessment Programme (NCAP), a car safety evaluation programme, provides ratings based on the safety performance of cars. Programmes like these have led to the adoption of safety initiatives by original equipment manufacturers, which in turn drives consumer confidence and the demand for airbags & seatbelts.

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Market Dynamics

Drivers

• Government regulations pertaining to vehicle safety
• Growing demand for safer and more efficient driving experiences

Restraints

• Increasing development of active safety systems

Opportunities

• Growing demand for electric vehicles
• Growing demand for pedestrian protection airbags

Challenges

• Maintaining the balance between cost & quality
• Recalls of multiple vehicle models for airbags and seatbelts

The global automotive airbags & seatbelts market is estimated to be USD 61.38 billion in 2018 and is projected to reach USD 135.43 billion by 2025, at a CAGR of 11.97% during the forecast period. The key players in the automotive airbags & seatbelts market are ZF Friedrichshafen (Germany), Autoliv (Sweden), DENSO Corporation (Japan), Aptive (UK), Joyson Electronic (China), Continental AG (Germany), Robert Bosch GmbH (Germany), Toshiba Corporation (Japan), Hyundai Mobis (South Korea), and Takata Corporation (Japan).

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The Auto Dimming Mirror Market was estimated to be USD 1.64 Billion in 2016 and is projected to grow at a CAGR of 3.20% during the forecast period.

The base year for the report is 2016 and the forecast period is 2017–2025. The global market is primarily driven by the increasing awareness about vehicle and passenger safety. Also, the trend of integrating additional features in rear-view mirrors has led to a rise in demand for auto dimming mirrors. OEMs have launched new variants in mirrors with advanced features for driver assistance.

Objectives of the Study:

To define, describe, and project the auto dimming mirror market by fuel type (BEV, ICE and others (hybrid))
• To define, describe, and project the market by application of mirror (outer mirrors and interior mirrors)
• To define, describe, and project the market by functionality (connected and non-connected dimming mirrors)
• To identify the market dynamics including drivers, restraints, opportunities, and challenges and analyze their impact on the auto dimming mirror market
• To analyze the competitive leadership map for the key players based on their strength of product offerings and business strategies to identify the dynamic differentiators,
innovators, visionary leaders, and emerging companies in the market

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The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for data triangulation. The study involves country-level OEM and model-wise analysis of the auto dimming mirror market in various vehicle types. This analysis involves historical trends as well as existing penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production, regulations about the minimum number of rear-view mirrors to be installed in various type of vehicles, and technological advancements in various countries. The analysis has been discussed and validated with primary respondents, which include experts from the auto dimming mirror industry, manufacturers, and suppliers. Secondary sources include associations such as International Organization of Motor Vehicle Manufacturers (OICA), American Association of Motor Vehicle Administrators (AAMVA), Automotive Component Manufacturers Association of India (ACMA), and paid databases and directories such as Factiva and Bloomberg.
The ecosystem of the auto dimming mirror market comprises manufacturers such as Gentex (US), Samvardhana Motherson Reflectec (Germany), Magna (Canada), Ficosa (Spain), Murakami (Japan), and others. These automotive manufacturers supply auto dimming mirrors to automotive OEMs such as Volkswagen (Germany), General Motors (US), and Ford Motor (US).

Auto Dimming Mirror Market Target Audience

• Auto dimming mirror manufacturers and component suppliers
• Distributors and suppliers of auto dimming mirrors
• Automotive OEMs
• Industry associations and other driver assistance systems manufacturers
• The automobile industry and related end-user industries

The auto dimming mirror market is projected to grow at a CAGR of 3.20% from 2017 to 2025, to reach a market size of USD 2.11 Billion by 2025. The increasing awareness about vehicle and passenger safety is expected to drive the demand for auto dimming mirrors. The safety of passengers and vehicles has become the prime concern for vehicle buyers. According to the global status report on road safety 2015, more than 1.2 million road traffic deaths occur each year globally. To reduce these accidents, OEMs are integrating different safety features in automotive mirrors. This integration of safety features is expected to drive this market.
The outer mirror segment is the fastest growing segment of the auto dimming mirror market, during the forecast period. The use of outer dimming mirrors is imperative in all types of vehicles. Passenger cars commonly have two outer dimming mirrors. However, in the case of LCVs, the number of outer dimming mirrors is higher than passenger cars. Outer dimming mirrors often comprise features such as blind spot detection and turn signal indicator. OEMs are increasingly offering these features in outer dimming mirrors.

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The Automotive Battery Thermal Management System Market is valued at USD 1.01 Billion in 2016 and is projected to reach USD 4.24 Billion by 2025, at a CAGR of 16.05% during the forecast period. The base year for the report is 2016 and the forecast period is 2017 to 2025.

The research methodology uses secondary sources that include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (ACEA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the market. The market for OE has been derived from forecasting techniques based on electric & hybrid vehicle sales, hybrid system penetration, and electric vehicle regulations and incentives.

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The ecosystem of the automotive battery thermal management system market consists of battery thermal management system manufacturers such as LG Chem (South Korea), Continental (Germany), GenTherm (US), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), CapTherm Systems (Canada), and others.

Target Audience

• Battery thermal management system manufacturers
• Distributors and suppliers of battery thermal management components
• Independent and authorized dealers
• Hybrid system manufacturers
• Electric vehicle manufacturers
• Industry associations and experts

The active technology of market is expected to have a higher adoption rate in the near future. Factors such as the increased efficiency, improved battery performance, and long lifespan are expected to drive the demand for active technology in the battery thermal management system market. Active technology, which uses air or liquid for heating or cooling the battery cells, has enabled the developers and manufacturers to get maximum efficiency and performance with extended battery life.

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The Electric Vehicle Supply Equipment Market is projected to reach USD 27.7 billion by 2027 from an estimated USD 2.5 billion in 2019, at a CAGR of 34.7% during the forecast period. Increasing investments made by governments across the globe to develop charging infrastructure creates opportunities for OEMs to expand their revenue stream and geographical presence. The European market is projected to experience steady growth, owing to the well-developed infrastructure for electric vehicles, while the North American market is the fastest growing market due to the innovative charging solutions. However, the high costs involved in initial investment, overhaul, and maintenance could hamper the growth of this market.

Portable charger segment is estimated to be the fastest growing market during the forecast period.

The portable charger segment is expected to be the fastest growing market. With portable chargers, EV drivers could carry the charger with them and charge the car whenever needed. Additionally, a portable charger eliminates the high cost associated with a fixed stationary charging station. Initially, portable chargers were introduced as small and light chargers that could generate sufficient power for short journeys. However, new advanced portable chargers are expected to generate the same power as a stationary charging station.

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The North American market is expected to register the fastest growth during the forecast period.

The North American market is expected to witness the fastest growth, followed by Europe and Asia Pacific. The electric vehicle supply equipment industry in the country is inclined toward innovation, technology, and development of advanced charging infrastructure. The increasing demand for reducing carbon emission and developing more advanced and fast charging stations are expected to propel the market growth. Tesla, Leviton, and ChargePoint are some of the key players in the US electric vehicle supply equipment industry

Asia Pacific is expected to be the largest market during the forecast period.

Asia Pacific is expected to be the largest market, followed by Europe. The increasing concerns of carbon emission due to existing vehicles and the efficiency in this mode of transport have led the authorities to develop a charging infrastructure network that has propelled the growth of this market. Government initiatives have encouraged the key players to develop the infrastructure for charging network.

Key Market Players

The global electric vehicle supply equipment market is dominated by major players such as Tesla (US), ABB (Switzerland), Siemens (Germany), and Bosch (Germany). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

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Critical Questions:

• Many companies are operating in the electric vehicle charging space across the globe. Do you know who the front leaders are and what strategies have been adopted by them?
• Fast paced developments in EV charging such as turbo charging, novel battery, and smart charging system by leading manufacturers are expected to change the dynamics of electric vehicle charging. How will this transform the overall market?
• The industry is focusing on quick and efficient charging of electric buses. Which leading companies are working on off-board top-down pantograph and on-board bottom-up pantograph, and what organic and inorganic strategies have been adopted by them?
• Analysis of your competition that includes major players in the electric vehicle charging ecosystem. The major players include ABB (Switzerland), BYD Auto (China), Tesla (US), Siemens (Germany), EFACEC (Germany), and Webasto (US) among others.
• Discussion on your client’s imperatives based on our existing research on electric vehicle supply equipment and its ecosystems.