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Autonomous Vehicle ECU Market is predicted to grow at progressive CAGR by 2023. The electronic control unit (ECU) is the embedded system that controls various automated functions such as engine management, transmission control, body control and infotainment system of a semi-autonomous vehicle and fully operated automated vehicles. Autonomous vehicle ECUs are widely used across various automobile segments such as light commercial vehicles, heavy commercial vehicle, and passenger cars. The demand for automotive safety systems and the growing inclination toward convenient and comfortable systems in vehicles have propelled the growth of the global autonomous vehicle ECU market.
Vehicle OEMs are developing different innovative technologies to improve safety in vehicles and automate their functions. The factors that drive the autonomous vehicle ECU market are rising road accidents due to human errors, innovation in the automated vehicle technology, and an increase in sales of vehicles in emerging economies. Furthermore, the market is growing due to an increased number of government mandates for advanced driver-assistance systems (ADAS) features and the inclusion of basic safety systems such as anti-lock braking systems (ABS), airbags. However, the growth of the market is challenged by the cybersecurity issues such as cybersecurity risk and legal challenges in autonomous vehicles. Autonomous Vehicle ECU Market Highlights On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. North America is expected to dominate the market during the forecast period. Increase in the sales of vehicles in North America and concerns regarding vehicle safety will drive them to hold the highest market share throughout the forecast period. In the future, government regulations within the North American countries are expected to become stricter, every year. This means that the manufacturers need to be aware about the regulatory requirements. The high adoption of vehicle ECU in this region is attributed to the high penetration of luxury vehicles with autonomous technologies. The availability of advanced technologies related to autonomous vehicle ECU across regions has propelled the demand in the autonomous vehicle ECU market. Asia-Pacific is expected to be the second largest market during the forecast period due to an increase in the sales of premium vehicles, rise in GDP and increased purchasing power of users. The region is home to technologically advanced automotive markets such as China and Japan, and India. The advancement of automotive technologies will result in the growth of the market during the forecast period. Key Players The key players in autonomous vehicle ECU market are Continental AG (Germany), Hitachi, Ltd. (Japan), Intel Corporation (U.S.), Nvidia Corporation (U.S.), Renesas Electronics Corporation (Japan), and ZF Friedrichshafen AG (Germany). NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Bosch (Germany), and Autoliv Inc. (Sweden) are among others. Scope of the Report This study provides an overview of the global autonomous vehicle ECU market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global autonomous vehicle ECUs market by its application, vehicle type, and region. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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automotive oil filter industry play a crucial role in the working of an ICE engine. With the growth of the automotive industry, the oil filter market is also expected to scale new heights on the global front. As per the report offered by Market Research Future (MRFR), the global oil filter market is expected to mark 5% CAGR during the evaluation period 2018 to 2023. Rising demand for automobiles is anticipated to drive the growth of the market over the next couple of years.
Oil filters facilitate the enhancement of performances of the vehicles. This, in turn, is anticipated to motivate the integration of these filters in automotive over the next few years. It is poised to boost revenue generation of the oil filter market across the assessment period. Increasing inclination towards fuel-efficient technologies is also projected to lead the growth pace of the market in the forthcoming years. In addition, increasing per capita income is likely to favor e4xpansion of the automotive industry globally. This, in turn, assures that the global oil filter market is set to remain lucrative in the years to come. Market Segmentation: By filter type, the global oil filter market has been segmented into fuel filter, hydraulic filter, engine oil filter, and others. The segments of the oil filter market, based on filter media, has been segmented into synthetic, cellulose, and other oil filter. The segmental analysis of the global oil filter market, on the basis of vehicle type, covers passenger car and commercial vehicle. On the basis of fuel type, the oil filter market has been segmented into gasoline and diesel. The segment of the global oil filter market, by sales channel, profiled in this MRFR report are OEM and aftermarket. Regional Analysis: The regional analysis of the global oil filter market identifies four key regions. These regional segments are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific is likely to dominate the growth of the market in the upcoming years. Rising investments in establishing manufacturing facilities in the region by global leaders are projected to boost the development of the market over the next few years. Increasing demand for automobiles in the region, coupled with rising disposable income, is further anticipated to expedite the growth pace of the oil filter market in the region in the years to come. Competitive Dashboard: MAHLE GmbH (Germany), MANN+HUMMEL GmbH (Germany), A.L Filter (Israel), North American Filter Corporation (U.S.), Fildex Filters Canada Corporation (Canada), Robert Bosch GmbH (Germany), Filtrak BrandT GmbH (Germany), ALCO Filters Ltd. (Cyprus), Siam Filter Products Ltd., Part. (Thailand), and Luman Automotive Systems Pvt. Ltd. (India) are some of the participants of the global oil filter market. These players are expected to invest in the development of advanced fuel-efficient technologies for gaining an edge over other competitors. Players are also projected to focus on the expansion of regional footprint for gaining edge over competitors. This, in turn, is projected to boost the competition in the oil filter market over the next couple of years. Industry News: In August 2019, Maruti Suzuki, an automobile manufacturer, has announced the introduction of its doorstep car services, ‘Service On Wheels.’ The initiative covers maintenance and servicing services. In April 2019, Plug Power Inc., an American company, has announced the launch of its newest product, ProGen 30kW engine, an addition to ProGen suite of products. In March 2019, a German luxury car manufacturer, BMW, has announced the launch of aftersales benefit program ‘BMW Joy Rewards.’ The program is launched for the customers in India. The most recent report by Market Research Future (MRFR) asserts that the global automotive throttle position sensor market 2020 is slated to acquire a considerable market valuation at a moderate CAGR over the review period.
Drivers and Restraints The influential factors accountable for the growth of the automotive throttle position sensor market are the expanding automotive infrastructure in emerging economies such as China, Norway, India, among others along with the potentiometer throttle position sensors in passenger automobiles across the globe. The stringent vehicle emission regulations such as BHARAT stage-VI, EURO-6, and US tier-2 regulations have promoted the use of advanced sensor technology, by OEMs, in countries such as Japan, India, Germany, and the US also add to its growth. the increasing demand for TPS in the automatic transmission and the rising concerns regarding engine safety are likely to contribute significantly towards the market growth. The increased buying power of consumers has also increased the demand for automobiles with enhanced security and advanced features. The adoption of advanced driver assistance system (ADAS) technology and the advent of autonomous cars are estimated to fuel the growth of the automotive sensors market in developed nations such as Germany, the US, and the UK. Sensors in passenger cars improve the performance of vehicles, enhance the safety of passengers, and reduce emissions from them. The increase in demand for safe vehicles has directly fueled the demand for automobiles in emerging economies such as China, India, and Brazil, where the penetration of cars is significantly low. The growth is, on the other hand, restrained by the standard protocols for the expansion of the throttle position sensor and the rising complications in the design of throttle sensors, which raise the overall cost of throttle sensors. Market Segmentation The global market for automotive throttle position sensor is segmented based on product type, vehicle type, sales channel, and region. On the basis of product type, the automotive throttle position sensor market has been segmented into a socket, potentiometer, and comprehensive. On the basis of vehicle type, the automotive throttle position sensor market has been segmented into a passenger car, and commercial vehicle. the passenger vehicle segment holds a significant share of the automotive position sensor market due to the higher application of the position sensors along with the high production of passenger vehicles. On the basis of the sales channel, the market has been segmented into OEM and aftermarket. Regional Overview The geographical analysis of the global automotive throttle position sensor market has been conducted in four major regions, namely North America, the Asia Pacific, Europe, and the rest of the world (comprising Latin America and the Middle East and Africa). The Asia-Pacific automotive throttle position sensor market is estimated to hold the largest market share over the assessment period, owing to growing automotive infrastructure and the demand for automotive electronics in Japan and South Korea. In North America, the stringent norms and regulatory compliance by U.S. Environment Agency will lead the automotive and sensor manufacturers to produce reliable automotive throttle position sensors. It will give rise to the demand for small dimensions, higher accuracy, and durable throttle position sensors. Europe is estimated to grow at a significant rate in the automotive throttle position sensor market during the review period due to the presence of key players, such as Infineon Technologies (Germany), Robert Bosch (Germany), and Continental AG (Germany). Competitive Landscape The essential market players identified by MRFR in the global automotive throttle position sensor market are Continental AG (Germany), Robert Bosch GmbH (Germany), Delphi Technologies (Ireland), Denso Corporation (Japan), Magneti Marelli S.p.A (Italy), HELLA GmbH & Co. (Germany), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), Sensata Technologies, Inc. (the US), and CTS Corporation (US). global vehicle analytics market is supposed to mark 24% CAGR over the forecast period 2017 to 2023.3/27/2020 The vehicle analytics market 2020 is likely to witness an upswing in terms of revenue generation. The market exhibit immense potential and is likely to exhibit robust growth over the next few years. In an assessment offered by MRFR, Market Research Future, the global vehicle analytics market is supposed to mark 24% CAGR over the forecast period 2017 to 2023. It is also estimated in the report that the valuation of the market will reach USD 4.3 Bn mark by the close of 2023.
Vehicle analytics market is gaining momentum as the demand for the product is increasing. It offers analysis of the performance of the vehicle and provides accurate information. Furthermore, it provides information and helps in decision making about the maintenance. These factors are assessed to drive the growth of the vehicle analytics market in the coming years. The increasing longevity of automobiles due to regular servicing and maintenance is also projected to drive the proliferation of the vehicle analytics market in the forthcoming years. The growth of the industry, coupled with rising electrification in the industry, is expected to boost the augmentation of the vehicle analytics market. The evolution of the automotive technology is also projected to impact the vehicle analytics market positively. Rising demand for real time data analysis is another factor leading the expansion of the vehicle analytics market. Increasing use in the BFSI sector is projected to catalyze revenue growth in the market. The insurance sector is making use of the vehicle analytics software to make decisions regarding premiums of auto insurances. It is poised to catapult the vehicle analytics market on upward trajectory. Market Segmentation On the basis of component, the vehicle analytics market has been divided into software and services. Based on deployment, the vehicle analytics market has been segmented into on premise and on demand. On the basis of application, the vehicle analytics market has been segmented into predictive maintenance, infotainment, warranty analytics, usage based insurance, road charging, dealer performance analysis, safety & security management, driver & user behavior analysis, and traffic management. On the basis of end-user, the vehicle analytics market has been segmented into travel & hospitality, service providers, automotive dealers, fleet owners, insurers, and others. Regional Analysis The geographical evaluation of the vehicle analytics market is spanned across the following regions – Europe, Asia-Pacific, North America, and the Rest of the World. A country based assessment of these regional segments is also covered in the report for providing a detailed analysis of the market. North America holds the key position in the market. It is assessed top continue its dominance in the upcoming years. It is also due to the presence of developed economies such as Canada and the U.S. that the market is poised to flourish by 2023. Technological innovations by players based out of the region are further anticipated to augment the vehicle analytics market. APAC is also expected to witness a rapid growth rate. Increasing adoption of advancing technologies in automotive industry is responsible for the growth of the vehicle analytics market in the region. Competitive Dashboard SAP SE (Germany), Microsoft Corporation (U.S.), Genetec (Canada), IBM Corporation (U.S.), CloudMade (Ukraine), Harman International Industries, Inc. (U.S.), Intelligent Mechatronic Systems (Canada), Teletrac Navman (U.S.), Agnik LLC (U.S.), Inseego (U.S.), Inquiron (U.S.), and Automotive Rentals (ARI) (U.S.) are few of the major participants of the vehicle analytics market. New technologies are being leveraged to gain edge over other participants. It is assumed to intensify competition among the players. In addition, strategies are being implemented to sustain the curve, some of these strategies are as follows, mergers & acquisitions, agreements, collaborations, etc. Market Research Future says that the outdoor sound barriers industry’s revenue is increased to USD 822 Million. Such a significant growth is likely to take place at a 4.2% CAGR during the forecast period 2019 to 2025. The study has claimed that the escalating adoption rate of precast concrete outdoor sound barrier panels owing to the cost-effectiveness is probably to create opportunities for the manufacturers.
MARKET KEY TRENDS & CHALLENGESThe experts from MRFR reveal that the market for outdoor sound barriers is reflecting a steady growth as a necessity to ease traffic noise is high on its potentials. The future of sound barriers is bright as it is one of the prime factors contributing to the market’s growth. The deep integration construction of residential and commercial buildings near highways has significantly increased the level of worth of the necessity. In no time, it has prompted a fast adoption of outdoor sound barriers products to enhance the quality of life in the surrounding. Such a factor is also considering as a pivotal factor motivating the market to expand wisely during the growth period. At the same time, the rise in construction activities and industrialization, mainly in emerging economies across the globe, has also been considered the market’s growth over time. Besides, governments are also actively focusing on introducing diverse regulations to improve their infrastructure industry that has led to the expansion of the overall construction industry. The result is that this factor would be driving the demand for outdoor noise barriers market. MARKET SEGMENTATIONAccording to MRFR’s study, the global outdoor sound barriers market has been segmented by material and application. In terms of material: Concrete, metal, wood, and others are the segments. Among these, the concrete segment occupied the largest market share in 2018 and is now probable to witness the highest CAGR during the anticipated period. The reason behind this is that concrete material is primarily used in the roads and highways for walls and panels and has good sound-absorbing qualities. Besides, they are the cheapest as compared to the other materials. In terms of application: Highways, aviation, demolition, utilities & railroad, and building construction are the segments. Among these, the segment of the highway occupied the largest market share for the outdoor sound barrier panel installations at a global level. The departments of transportation (DOTs) commonly install sound barriers in highways and roads to diminish traffic noise. Moreover, once it is installed, these outdoor sound barriers walls rarely require replacement and repair. It is one of the significant advantages over asphalt paving material products, which are not only expensive but also necessitate proper maintenance in a span of one year. REGIONAL FRAMEWORKThe global outdoor sound barrier market is also being studied among the key regions of Europe, Asia-Pacific, North America, and the Rest of the world (RoW). Among these, the region of North America occupied the largest market share in the global outdoor sound barrier market in 2018. Now it is probable to continue its leadership until 2025. It is the presence of leading manufacturers such as Coastal Precast Systems, Armtec Infrastructure, Amco Block & Precast, and Cretex Companies who are tremendously driving the growth of the highway noise barriers market in North America. Besides, the Asia-Pacific region is also anticipated to observe the fastest growth rate during the forecast period. The growth is attributed to the swift industrialization and urbanization going on in China, India, and emerging economies are anticipated to contribute significantly to the growth of the market. With this, the growth of the construction industry in the region is also helping to boost the demand for outdoor sound barriers in the region of Asia-Pacific in the forecasted period. KEY MARKET PLAYERSThe significant players in the outdoor sound barriers industry are listed as Armtec Infrastructure (Canada), ZAK Acoustic Pvt Ltd (India), Fort miller group (US), Amcon Block & Precast (US), Dynamic Precast Company (US), Evonik Industries (Germany), Coastal Precast Systems (US), Cretex Companies (US), AcoustiGaurd (Canada), Hoover Treated Wood Products (US). Heavy construction equipment refers to vehicles and machinery & equipment that are useful for applications such as earthwork operations and material handling. A detailed report on the global heavy construction equipment market is offered by Market Research Future (MRFR). It unravels that the market is prognosticated to strike a steady CAGR over the review period. Unlike its name, the product is widely used in industries such as mining, oil & gas, military, agriculture, etc. Increasing applications are anticipated to drive the growth of the heavy construction equipment market in the forthcoming years.
The rising investments in infrastructural development, especially in the developing economies, is expected to drive the proliferation of the market in the years to come. Also, increasing demand for residential and commercial spaces is poised to influence the heavy construction equipment market positively. The impact of these factors is further intensified by rapid urbanization and industrialization. Technological sophistication has led to the innovation of product lines of heavy construction equipment manufacturers. It is supposed to impact the expansion of the market rapidly over the next couple of years. Also, the ongoing trends in the construction industry such as modular construction, smart buildings, etc. are expected to unleash opportunities for the market players. In recent years, renting services for these equipment have been observed to be in high demand. The report unravels that this trend is projected to bear a favorable effect on the growth rate of the heavy construction equipment market. Market Segmentation: The type-based segments of the heavy construction equipment market are earthmoving equipment, heavy construction vehicles, material handling equipment, and others. The sub-segments of the others segment are cranes, excavator, and dozer. The segments of the heavy construction equipment market, on the basis of application, covered in this MRFR report are mining & excavation, transportation, lifting, earthmoving, material handling, and others. By end-users, the heavy construction equipment market has been segmented into oil & gas industry, military, mining, agriculture & forestry, construction industry, and others. Regional Analysis: The geographical analysis of the global heavy construction equipment market covers the following regional segments – Asia Pacific, North America, Europe, and the Rest of the World (RoW). These segments are then studied to present a country-level analysis of the global market. Asia Pacific. At present, holds more than 50% of the market share. It is presumed to continue its dominance over the assessment period. Increasing construction activities in the region owing to rapid urbanization is anticipated to drive the growth of the heavy construction equipment market in the foreseeable future. North America is likely to secure its standing at the second spot in the upcoming years. The investments in the revamp of the construction sector in the region is poised to act as a growth catalyst to market expansion. In addition, increasing shale gas exploration activities are also assessed to contribute to the development of the heavy construction equipment market. Competitive Dashboard: caterpillar, Cnh Global Nv, Doosan Infracore Ltd, Hyundai Heavy Industries Ltd, John Deere & Co., Jcb, Hitachi Construction Machinery Co. Ltd, Kobelco Construction Machinery Co. Ltd, and Komatsu Ltd. are some of the key participants of the heavy construction equipment market. Industry News: In December 2019, BEML Limited, a leading Construction & Mining Equipment manufacturer of India, has announced the launch of BE210LC, a new Hydraulic Excavator model. In December 2019, CNH Industrial and Nikola Motors have announced a joint venture for the launch of a heavy truck. In December 2019, Sany, a leading equipment manufacturer, has announced the launch of over twelve construction products at Excon 2019, a construction equipment exhibition. In December 2019, South Asia’s largest construction equipment trade fair, EXCON, has been held at Bangalore International Exhibition Centre, India. The construction aggregate market 2020 is supposed to benefit from the rising investments in the construction industry. Increasing financial activities in the industry are supposed to boost the construction aggregate market size in the upcoming years. The forecast presented by Market Research Future MRFR asserts that the global construction aggregate market is supposed to mark 5.4% CAGR over the assessment period 2019 to 2024. It is also anticipated that the valuation of revenue earned is presumed to touch a decent mark increasing from USD 337.8 Bn in 2018. The market is expected to be at an advantageous position through the assessment period due to the rising adoption of developing technologies. It has been prognosticated that the utilization of the latest technologies is set to open new growth channels in the construction aggregate industry in the coming years.
Infrastructural development in developing regions is a key driver of the construction aggregate market. Governments are investing tax money and FDIs for the development of the infrastructure of their nations. It is anticipated to boost the growth of the construction aggregate market. In addition, material innovation in the industry for carrying out the construction projects is also projected to catalyze the expansion of the construction aggregate market in the foreseeable future. Rising residential and commercial applications of the Production is poised to influence the market favorably. Increasing projects regarding the construction of commercial spaces such as airports, hotels, etc. are supposed to augment the construction aggregate market in the upcoming years. Also, rising investments in the renovation of existing properties are projected to contribute to the expansion of the market over the review period. Apart from this, increasing demand for residential spaces is poised to accelerate revenue generation. Market Segmentation On the basis of material, the segments of the construction aggregate market profiled are crushed stone, sand, gravel, M sand, and others. Among these, the crushed stone segment is anticipated to dictate the expansion of the market and account for the highest share. It has been observed that stones are heavy materials and are economic to procure. Thus, the segment is assessed to witness exponential demand. Based on application, the Segmentation of the construction aggregate market covers infrastructure, commercial, residential, and industrial. Among these, the infrastructure segment is poised to register a higher growth rate and exhibit dominance over market. The growth of the segment is anticipated to be influenced positively by rising investments by governments in nations such as China & India for infrastructural development. Regional Analysis The geographical analysis of the global construction aggregate market is offered in this assessment to present a 360-degree view of the market. It presents an analysis based on the study of the following regions – North America, Asia-Pacific (APAC), Europe, and the Rest of the World (RoW). A country-level assessment of each of these segments is also offered in this MRFR report. Asia Pacific is the most potent regional market owing to the rapid development of economy in the region. It has been assessed and highlighted in the report that the construction aggregate market in the region is supposed to benefit from massive investments in infrastructural development projects. Also, rising disposable income has fueled demand for residential properties, which is expected to lead the expansion of the regional market. Competitive Dashboard LSR Group (Russia), Martin Marietta Materials Inc. (US), HeidelbergCement AG (Germany), Cemex SAB de CV ADR (Mexico), CEPSA (Spain), Vulcan Materials Company (US), CRH plc (Ireland), ROGERS GROUP INC. (US), Adelaide Brighton Ltd (Australia), and Eurocement Group are some of the main participants of the construction aggregate market. Climate Control System for Commercial Vehicle Market – Overview
The automotive sector has shown a substantial comeback, which is evident in the developments that are being seen in the market, such as the climate control systems used in cars and other commercial vehicles. The insights into the industry of automobiles are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. Global Automotive Climate Control System market is expected to reach USD 24,853.4 million by 2023, with a CAGR of 14.92%. The development of vehicles that ensure an optimum level of cabin environment is promoting the progress of the climate control system for commercial vehicle market 2020. Moreover, the intensifying focus on fuel consumption and the consequent carbon emissions generated is expected to motivate the development of a more efficient climate control system in cars in the coming period. Segmental Analysis The segmental examination of the climate control system for commercial vehicle market has been segmented on the basis of commercial vehicle type, component type, truck type application, electric commercial vehicle type, and sales channel. Based on the sales channel, the climate control system for commercial vehicle market has been divided into aftermarket and OEMs. On the basis of the component type, the climate control system for commercial vehicle market has been segmented into condenser, compressor, coils, relays, control valves, evaporator, actuators, receiver-drier, thermostat, sensors, and others. Based on the commercial vehicle type, the climate control system for commercial vehicle market has been segmented into bus, ambulance, cargo van, minivan, trailer, and others. On the basis of truck type application, the climate control system for commercial vehicle market has been segmented into regional, long haul, and specialty. Based on the electric commercial vehicle type, the climate control system for commercial vehicle market has been segmented into full and hybrid electric vehicles. Detailed Regional Analysis The regional market assessment of the climate control system for commercial vehicle market observes that the Asia Pacific region is a profitable market for climate control systems for commercial vehicles. The financial developments in the region are having a positive influence on the sales of commercial vehicles, which is motivating the automotive climate control system market. Also, the noteworthy investment influx in the market and the institution of climate-related policies are favoring the development of the commercial and hybrid cars in the region, which is creating a favorable ground for the development of the climate control system market in the region. The European region is anticipated to emerge as an indispensable revenue pocket for the climate control systems for commercial vehicles market.Furthermore, the augmented partnership between numerous stakeholders, such as the distributors and government associations, is anticipated to produce investment openings for the manufacturers in the European region. Presently, the Americas region controls the lion’s portion of the market. The Americas region is undergoing a high demand for commercial vehicles owing to the elevated levels of the trade of goods in the region. Moreover, the trend of transforming cars into mobile homes in the US necessitates the implementation of climate control systems for vehicles which is a decisive driver of the market’s expansion in the forecast period. Competitive Analysis The upturn in the performance of domestic markets is expected to have a favorable impression on the growth of the market. The ability to successfully satisfy the demand forces will require the industry to excel in several areas. The variation of the workforce can enable the successful implementation of growth strategies in the market. It is also noted that the cooperation by the governments around the world in terms of relaxation of several barriers and the institution of constructive strategies is expected to put the market on a track for unparalleled development. The limitations in the market are constantly being studied so that breakthroughs to remove them can be undertaken. The need to keep the market practices in sync with the environmental concerns that are looming is expected to promote the overall sustainability of the market. The central players in the climate control system for commercial vehicle market are Webasto, Sanden Holdings Corporation, Valeo S.A, Denso Corporation, Eberspächer, Calsonic Kansei Corporation Mobile Climate Control, Hanon Systems, Bergstrom Inc., Red Dot Corporation, Mahle GmbH, and Wabco. The automotive industry is leveraging the developments in sensor technology to enhance vehicle performance. Car Parking Sensors Market have gained a quick mileage in the industry in a short time. Market Research Future MRFR has published a detailed report on the automotive parking sensors market for the forecast period 2018 to 2023. It reveals that the market is likely to expand at a stellar CAGR over the review period. Increasing demand for automatic cars is expected to fuel the growth of the market in the foreseeable future.
Industry leaders are focusing on the enhancement of automatic driving systems. The governments are also imposing strict regulations regarding the integration of automatic driving systems. These factors are projected to catalyze the expansion rate of the automotive parking sensors market over the next few years. In addition, the technology also ensures a higher degree of safety which is likely to raise awareness and boost sales in the years to come. Some automobile manufacturers are investing in the integration if screens along with automotive parking sensors for making it easier for the drivers. It is anticipated to influence the growth rate of the market greatly in the coming years. These sensors are becoming the next-big-thing in the industry as it facilitates optimum utilization of parking space. Rapid urbanization is one of the key drivers of the automotive parking sensors market due to restricted availability of parking spaces. In addition, high income levels have generated demand for high-end cars. This, in turn, is poised to catapult the automotive parking sensors market on its growth trajectory. Rising demand for self-driving cars is expected to uncover the potential of the market over the assessment period. Adoption of sophisticated technologies in the automotive industry is also anticipated to unleash growth opportunities for market participants dealing with parking sensors for cars. However, the integration of these technologies leads to an increase in the price of automobiles. This might pose a challenge to the participants of the automotive parking sensors market. Market Segmentation: Based on type, the automotive parking sensors market has been segmented into reverse parking sensors, front parking sensors, and others. The segments of the market, based on technology, are Ultrasonic sensors, Electromagnetic sensors, Infrared sensors, Laser and Others. By vehicle type, the automotive parking sensors market has been segmented into passenger cars, LCV and HCV. The division of the market, based on sales channel, covers OEM and aftermarket. Regional Analysis: The geographical evaluation of the global automotive parking sensors market has been offered in this MRFR report for four regions – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). The regional segments are narrowed down on the basis of countries to present a detailed analysis. Europe market is dominated by major automotive industry leaders based out of Germany and France. It is poised to account for a significant share if the global market through the evaluation period. Increasing adoption of the latest technologies by the manufacturers in the region is forecasted to drive the proliferation of the automotive parking sensors market. Asia Pacific is also prognosticated to develop rapidly owing to the growth of the automotive industry. China is investing in the development of its automotive industry which is anticipated to boost the expansion of the automotive parking sensors market in the foreseeable future. Competitive Dashboard: Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), Aptiv PLC (Greece), NXP Semiconductors N.V. (the Netherlands), Autoliv Inc. (Sweden), Valeo (France), Gentex Corporation (U.S.), TGS Group (UK) and Murata Manufacturing Co., Ltd. (Japan). Industry News: In December 2019, BMW, an automotive giant, has announced the introduction of high-tech reversing assistant for its new 1 series. Automotive Leaf Spring Market Size, Merger, Acquisition, Leading Company, Regional Analysis3/23/2020 According to a report issued by Market Research Future (MRFR), the global automotive leaf spring market is poised to acquire a significant market valuation at a moderate CAGR over the forecast period.
Drivers and Restraints The increase in demand for light commercial vehicles and the need for vehicle comfort and safety are the primary drivers of the global automotive leaf spring market during the forecast period. Moreover, the rise in the adoption of lightweight components to decrease vehicle weight is projected to increase the need for composite automotive leaf springs over the review period. On the other hand, automotive leaf springs are primarily traded from the low-cost manufacturing hubs such as Mexico and China to the higher consumption zones such as the US and Germany. therefore, the uncertainty and change in the trade policies are expected to hinder the demand for automotive leaf spring in the emerging economies in the global market during the forecast period. Segmental Analysis The global market for cloud video streaming is segmented, by Type into Parabolic, Elliptic, Semi-Elliptic, and Others. by Material, the global cloud video streaming market is bifurcated into Metal and Composite. by Sales Channel, the global cloud video streaming market is bifurcated into OEM and Aftermarket. by Vehicle Type, the global cloud video streaming market is bifurcated into Passenger Car and Commercial Vehicle. Regional Analysis The geographical analysis of the global automotive leaf spring market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa.) Asia-Pacific is expected to hold the maximum market share in terms of value and volume during the assessment period due to the presence of China, India, Japan, and South Korea. China has the maximum production and consumption of commercial vehicles. This improved the demand for automotive leaf springs and other components in China and other neighboring nations. Asia-Pacific has the top manufacturing and export of automotive leaf spring systems. North America is poised to hold the second-largest market share of the global automotive leaf spring market regarding the value and volume owing to the demand and sales of commercial vehicles. The fast growth of the e-commerce industry in the US and Canada is projected to improve the market for light commercial vehicles to guarantee the timely delivery of the products across the region. This is poised to lead the need for automotive leaf springs in the OEM and aftermarket during the review period. Europe’s automotive leaf spring market is expected to observe growth due to the presence of various developed nations and their patterns of deploying composite automotive leaf springs. Furthermore, the stringent government regulations to meet the safety and comfort standards are projected to raise the sales and demand of automotive leaf springs concerning the value and volume during the forecast period. Competitive Analysis The market players operating in the market for automotive leaf spring systems, as identified by MRFR in the global market are Sogefi SpA (Italy), LITEFLEX (US), Rassini (Mexico), IFC Composite GmbH (Germany), Hendrickson USA, L.L.C. (US), Jamna Auto Industries (India), Emco Industries(India), Benteler-SGL (Austria), and NHK Springs Co. Ltd (Japan), OlgunCelik San. Tic. A.S. (Turkey), among others. The global market for automotive leaf spring systems has a highly competitive scenario. The leading market players are expected to contribute significantly towards the automotive leaf spring market growth over the review period. The market is also expected to witness the rise of numerous entrants in the foreseeable future. Increasing research and development activities towards advanced technology integration along with strategic business tactics such as product development, mergers, acquisitions, partnerships, and joint ventures, to sustain the competitive dynamics. |