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The report on global interior doors market published by Market Research Future (MRFR) has communicated that the market will expand at 6% CAGR during the forecast period of 2018-2023. Several factors are contributing to the growth of the interior doors market. These factors include increasing residential and commercial renovation activities and a growth pattern observed in the construction industry.
Further, a proliferating demand for visually pleasing aesthetics and privacy among multi-family dwellings is also estimated to promote growth in the interior doors market. Moreover, the availability of interior doors in a vast variety of designs, colors, materials has enabled manufacturers to provide customized products according to the demands of the client, further augmenting the demand for interior doors. Additionally, growing disposable income in emerging economies across the globe is also likely to drive the interior doors market. Also, the growing preference for sustainable building solutions is anticipated to bolster the demand for interior doors in the global market. Market Segmentation The global interior doors system market is segmented by Market Research Future (MRFR) on the basis of door type, material, and end-use. Segmentation of the interior doors market based on door type has been made into panel, bifold, bypass, and pocket doors. The panel doors segment was the frontrunner in the market in 2017 and is projected to exhibit the largest growth rate through the forecast period. A wide range of application in residential, commercial, as well as, industrial constructions is likely to boost lucrative growth in the panel segment. Also, a wide variety of materials in panel doors including wood and glass is fueling its demand. Based on material, the global interior doors market is segmented into wood, glass, metal, fiberboard, vinyl, and fiberglass. Demand for wood-based interior doors was commanding the market in 2017. An increase in the demand for visually pleasing aesthetics and premium interior products is likely to boost the growth of the wood-based segment over the review period. The fiberboard segment is projected to garner the highest growth throughout the forecast period owing to its high mechanical strength, cost-effectiveness, and its water-resistant property. Based on end-use, the global interior doors market is segmented into residential, commercial, and industrial. Demand for interior doors is estimated to grow at the highest rate in the residential sector in Asia-Pacific and the Middle East. Easier home loan availability coupled with substantial investment opportunities in the real estate sector is estimated to push the residential segment in the foreseeable future. Detailed Regional Analysis The global interior doors market is segmented on the basis of region into Europe, Asia Pacific, North America, and Rest of the World. Asia Pacific possessed the largest market share for interior doors in 2017. Heavy investments in residential and commercial construction projects in various countries like India, Singapore, Malaysia, China, and Thailand is anticipated to boost market growth in the region. Meanwhile, the Middle East is projected to exhibit a rising demand for interior doors owing to major growth opportunities created by the hospitality industry. According to Lodging Econometrics, more than 80 hotels are likely to be built in the UAE and Saudi Arabia. Further, favorable government initiatives to diversify economic goals and fuel growth of the tourism industry are expected to bolster an ascension in the market growth in the region. Competitive landscape The global interior doors market is characterized by a considerable number of international, as well as, regional players. Companies are undertaking strategic initiatives including competitive pricing, product launches, expansions and investments, as well as, brand awareness. Key Market Players The global interior doors market boasts a presence of many noteworthy players including Artisan Hardware, Colonial Elegance Inc., Jeld-Wen Holding Inc., Masonite International Corporation, YKK AP Inc., Bayer Built WoodWorks Inc., and Marvin Cos. Industry Update 2019: Masonite has launched five different interior doors in the residential doors’ domain namely: Livingston Interior Molder Door, Wrought Iron Frame, Snap-Fit Frame, Impact-Rated Mini Blinds, and Cross Reed Glass. All these doors are designed to serve different purposes including a rustic look or a sleek modern look, privacy provision, maximizing natural light without compromising privacy, and severe weather protection.
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Golf carts market have been an important fixture of golf courses around the world as they permit ease of transportation over large distances. The insights into the industry of energy and power are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. The market is expected to see an impressive CAGR in the coming period.
The augmented popularity of golf carts due to them being easy modes of transportation and also environmentally friendly is anticipated to motivate the golf cart market. moreover, many areas that have a golf course in gated communities are using the golf carts, promoting the demand for electric golf cart market. Segmental Analysis The segmentation of the golf cart market size is conducted on the basis of seating capacity, propulsion type, application, and region. Based on the propulsion type, the golf cart market has been bifurcated into gasoline golf cart and electric golf cart. On the basis of the seating capacity, the golf cart market has been segmented into medium (6-10 seater), small (2-4 seater), and large (More than 10). Based on the application, the golf cart market has been segmented into airports, hotels & resorts, railways, multi-residential complexes, golf courses, and others. On the basis of regions, the golf cart market is segmented into North America, Europe, APAC, and other global regions. Detailed Regional Analysis The regional review of the golf cart market has been segmented into regions such as North America, Europe, APAC, and other global regions. The North American region is anticipated to possess an outstanding market share throughout the forecast period, due to the intensifying demand for mobility solutions over shorter expanses. In addition, the government initiatives to implement eco-friendly substitutes or electric golf carts in the golf courses and hotels & resorts are estimated to increase the demand over the forecast period. Competitive Analysis The restrictions 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 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 well-known contenders in the golf cart industry are STAR EV (US), Garia A/S (Denmark), Bradshaw Electric Vehicles (UK), Yamaha Golf-Car Company (US), Marshell Green Power (China), Spoleman OÜ (Estonia), Guangdong Lvtong New Energy Electric Vehicle Technology Co., LTD. (China), Polaris Industries, Inc. (US), Speedways Electric (India), E-Z-GO (US), and Autopower (India) to name a few. Industry Updates: Jan 2019 The Ocala City Council, Florida has recently voted to permit golf carts in and about downtown. The change will, however not be effective until June. It also gives residents time to get their permits and register their golf carts. Sep 2019 Dubai Airport has introduced new service on its terminals taxiDXB, which is a novel service that delivers service through the terminal by golf cart. There will at first include 15 “taxis” existing in the B Concourse of Terminal 3 and there are plans for this service to be expanded eventually. The services will be available on a first-come, first-served basis, through which the elderly and families will receive priority. Fiberglass floorings are known mostly for their easy fixing qualities and maintenance. These types of floorings have significant traction in non-residential sectors. However, the residential sector is witnessing substantial growth recently. The product is quite versatile and cost-effective, along with environment-friendly. The global fiberglass flooring market can benefit from such features and quite easily with substantial CAGR during the forecast period (2016-2022).
Fiberglass’ cushioning, its ability to use glue as adhesives have reduced the troubles regarding installation and its aesthetic value gives it an edge over its other flooring competitors. The market is reaping the benefits of increasing disposable income, especially in developing countries where due to huge population and growing urbanization, scopes are better for market expansion. Its use as backing material for luxury vinyl tiles, vinyl composite tiles, and vinyl sheets gives it a wider expanse to proliferate. Fiberglass is also durable and non-allergen owing to which a lot of people prefer this fiberglass over other components. However, the fluctuating cost of raw materials can be a big market deterrent. But its benefits can take out any long-time sluggishness. Segmentation: MRFR’s analysis of the global fiberglass floor market reveals segmentation based on the application and it has three segmentation; residential, non-residential, and industrial. The segmentation aims at providing a complete overview of the market in the coming years. The non-residential segment has substantial market coverage owing to areas such as retail stores, office buildings, hotels, theme parks, shopping malls, hospitals, cafes, and leisure centers are driving the global need considerably. The residential segment is expecting profit from emerging economies where the increasing disposable income is providing the market with opportunity. Regional Analysis: The global fiberglass flooring market, as per the detailed analysis of MRFR, includes North America, Asia Pacific (APAC), and Rest-of-the-World (RoW). This analysis enables the market in reading growth pockets comprehensively to ease the market expansion plans. In North America, the market growth is quite rapid. Several constructions and building activities are going on and due to hike in investments. At the same time, urbanization of many cities is now demanding several changes which is providing the non-residential sector substantial traction. This is bound to provide substantial market for the regional fiberglass flooring sector. The APAC market expected to reign the global market during the forecast period. The region is also the fastest growing one in terms of CAGR during the forecast period. The region is also banking on several constructions and building activities to prosper. China and India are expected to provide thrust to the regional market owing to their increasing economies is growing rapidly due to the factors such as increased construction and building activities. The presence of notable construction companies such as Unitech, DLF, Leighton Asia, and NITTOC Construction in the region can impact the market. Latin America is expected to provide the regional fiberglass flooring market substantial traction by properly using the opportunity of increasing disposable income. Several government projects such as ‘Bogota project’ regarding housing issues are expected to take the regional market forward. Competitive Landscape: Multiple companies are getting involved in the global fiberglass flooring market to benefit from the market opportunities. These companies, as profiled by MRFR, are NOX Corporation (South Korea), Mohawk Industries (U.S.), Armstrong Flooring, Inc. (U.S.), Gerflor Group (France), Shaw Industries Group, Inc. (U.S.), Milliken & Company (U.S.), Mannington Mills, Inc. (U.S.), TOLI Floor Corporation (Japan), Tarkett (France), Interface (U.S.), and Polyflor ltd (U.K). Their individual strategies to progress in the market also settle the cornerstone for market expansion. The global market for siding is expected to grow at a significant rate during the forecast period. The booming construction sector has further fueled the market demand.
The increasing urbanization and the rise in investments for renovation construction, particularly in new housing, are the prime factors that are driving the siding industry. The building renovation construction market is growing more than the expected rate. The rise in renovation construction is likely to boost the demand for siding in the global market. The market in Asia-Pacific is expected to witness the highest growth rate in the global siding market during the forecast period: MRFR By region, the global siding market is segmented as Europe, Asia-Pacific, North America, South America, and Middle East & Africa. North America held the largest market share. Home Energy Loan Program (HELP), Home renovation tax credit, and other government initiatives enable homeowners to install energy-efficient siding and have a positive impact on North America siding market. The global siding market size was valued at USD 100.1 billion in 2018, which is expected to witness 4.4% CAGR during the forecast period. The fiber cement segment is expected to occupy the largest market share of the global siding market: MRFR The global market is segmented, based on material, into vinyl, fiber cement, wood, concrete others. The fiber cement likely to dominate the global siding market. Due to their low installation cost and long-lasting service life, the fiber cement is most consumer-preferred material for siding. The residential segment is likely to hold the largest market share of the global siding market: MRFR By application, the global siding market is segmented into residential, commercial, and Industrial. The commercial sector is further categorized as hospitality, healthcare, shopping malls & centers, educational centers, office spaces, and others. The residential sector is considered to be the fastest-growing sector and is projected to capture the majority of market share in the global siding market. Furthermore, the rise in the number of home renovation products is expected to boost the demand for siding in the global market. The global exterior doors market is expected to grow at a steady 6% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global exterior doors market is mainly driven by the growing demand for exterior doors in construction projects in developing parts of the world such as Asia Pacific.
The increasing demand for IoT-enabled smart doors is likely to be a key feature of the global exterior doors market over the forecast period. Smart doors offer a much more convenient option to consumers than conventional doors, leading to their growing demand. Technological development in the IoT field is also likely to favor the development of IoT-enabled smart doors over the forecast period. Competitive Analysis: Leading players in the global exterior doors industry include Anderson Corporation, Yuanda China Holdings Limited, LIXIL Group Corporation, Hormann, Bayer Built Inc., Masonite, Pella Corporation, Marvin Windows and Doors, JELD-WEN Inc., and ASSA ABLOY. Key players in the global exterior doors market are likely to focus on product innovation to come up with a wide-ranging portfolio of doors for various end use sectors. Segmentation: The global exterior doors market is segmented on the basis of type, material, mechanism, application, and region. By type, the global exterior doors market is segmented into panel door, bypass door, bifold door, pocket door, and others. By material, the global exterior doors market is segmented into wood, glass, metal, composite, and plastic. By mechanism, the global exterior door market is segmented into swinging, sliding, folding, overhead, and others. By application, the global exterior doors market is segmented into non-residential and residential. Regional Analysis: Asia Pacific is expected to dominate the global exterior doors market over the forecast period, mainly due to the growing construction activities in the region. The increasing construction activities in Asia Pacific, mainly in Southeast Asia and East Asia, have given rise to a solid demand for other construction components, including doors. The exterior doors market is expected to exhibit solid growth in the region over the forecast period due to the increasing awareness about the importance of doors and the growing demand for exterior doors in construction activities. Residential as well as nonresidential construction have both been driven by the growing demand for industrial and civilian infrastructure in Asia Pacific, as the growing construction of new industrial plants as well as residential civil infrastructure has given rise to a solid demand for exterior doors. Residential apartments have been constructed at a rapid pace in Asia Pacific over the last few years, to accommodate the growing influx of immigrants migrating to urban centers looking for work. The increasing demand for residential construction is likely to be a major driver for the external doors market over the forecast period. Increasing disposable income and increasing prosperity have also made consumers more aware about the value of preserving one’s property, leading to an increased interest in exterior doors. The rising threat of crime and thefts in Asia Pacific is likely to drive the demand for strong exterior doors, leading to steady growth of the exterior door market over the forecast period. Increasing infrastructure construction is also likely to drive the demand from the exterior doors market over the forecast period. Industrial infrastructure such as factories, plants, and other facilities rely on exterior doors to prevent theft of industrial materials. Other civil infrastructure such as power plants and power distribution systems also rely heavily on exterior doors to protect valuable power generation and distribution infrastructure. This is likely to remain a key driver for the global exterior doors market over the forecast period. North America and Europe are also likely to retain a key share in the global exterior doors market, due to the growing demand for renovation of construction projects and the increasing need to update existing, conventional doors with modern, tech-equipped doors. This is likely to be a key driver for the global exterior doors market over the forecast period. Automotive shields function mainly to protect the interior and exterior from the excessive heat generated by engine compartment, exhaust system and turbocharger. This is also known as exhaust heat management system. The shield absorbs the temperature and reflects it back to some extent. The global automotive shielding market is expected to gain 6% CAGR over the assessment period (2018-2023). Market Research Future (MRFR), in their latest article, claimed that factors are going to impact the automotive shielding market substantially in the coming years.
Factors such as fuel efficiency, safety measures, hike in the sale of premium cars, stringent environmental regulations, and an expanding automotive sector are reasons behind the growth of the automotive shielding market. Research and development sectors are also providing thrust as better safety measure requirements are driving constant upgradation. Segmental Analysis: MRFR delves deep in the global automotive shielding market for a better look at the market scenario and understand difficulties. For that, in the study MRFR made segmentations based on the shielding type, heat application, EMI application, material type and vehicle type. Based on the shielding type the automotive shielding market includes heat shielding, and EMI shielding. The heat shielding segment is gaining traction as the perfect balance in this could enhance driver’s experience. Based on the heat application, the automotive shielding industry comprises engine compartment, exhaust system, and turbocharger. Based on the EMI application, the automotive shielding market consists electric motor, adaptive cruise control, intelligent park assist, forward collision warning, engine control module, and lane departure warning. The forward collision warning segment is gaining strength in premium cars as better safety has become a necessity for many. Based on the material type, the automotive shielding market includes metallic shield and non-metallic shield. Based on the vehicle type, the automotive shielding market includes passenger car, light commercial vehicle and heavy commercial vehicle. Among these, the passenger car segment is gaining the most traction due to its increased sale. This is a direct result of the increasing disposable income. Regional Segmentation: Going by region-specific study, the global automotive shielding market can be segmented into four major regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The report aims at a better identification of the opportunities in regions which can lead to a much better prospect for the market. Introduction of safety features is expected to take the global market forward. The APAC market owns the greater share of the global market and it is going to continue its domination during the forecast period as well. This is mainly because of the high number of manufacturing of cars in the automotive sector as global players have started showing interest in the zone. North America is following the lead and the credit goes to high vehicle and user ratio. People are buying advanced cars due to their high investment capacity. This is also true for Europe where the automotive sector is quite robust. Competitive Landscape: Major companies to invest in the global automotive shielding market are ElringKlinger AG (Germany), Laird PLC (UK), Morgan Advanced Materials (UK), Federal-Mogul Corporation (US), Henkel AG & Company, KGaA (Germany), Dana Limited (US), Schaffner Holding (Switzerland), Kitagawa Europe (Japan), Progress-WerkOberkirch AG (Germany), Autoneum (Switzerland), and others. These companies have been profiled by MRFR in their latest report on the said market. Their strategic contributions have been assessed for a better understanding of the upcoming market. In 2019, Gates launched a new series of modular hoses for aftermarket service. The component can channel cooling fluid around the vehicle to systems requiring heat reduction. Also, for these hoses, time taken to assemble parts are lesser than the conventional methods. Gates has already made a name for itself as a perfect OEM partner and its product help in clamping, shielding and connecting necessary components. The in-wheel motors market 2020 is presumed to exhibit substantial growth. The market projects immense growth opportunities on account of the thriving automotive industry. This report offered by Market Research Future (MRFR) underscores that the global in-wheel motors market is supposed to strike 20% CAGR over the assessment period.
Rising demand for efficient driving that enhances passenger experience is presumed to augment the in-wheel motors market. In-wheel motor unlocks a skidding tire which is expected to boost demand in the market. It enhances stability and traction control. These factors are supposed to drive the augmentation of the in-wheel motors market in the forthcoming years. Furthermore, the product also helps in barking torque or controlled monitoring, which is anticipated to impact the market growth favorably. The product offered different torques to different wheels. Rising awareness about the function is supposed to catalyze the growth rate of the in-wheel motors market over the next few years. It is proven to enhance the efficiency of a vehicle by 20%. Also, it helps in bringing down the propulsion price. Thus, the in-wheel motors market is supposed to witness robust growth in the near future. The product has gained much popularity and its rising awareness is presumed to lead the proliferation of the in-wheel motors market. It is extensively used in electric vehicles. Increasing shift to electric vehicles due to environmental concerns are projected to have a major impact on the in-wheel motors market. It is supposed to accelerate revenue creation in the foreseeable future. However, some of the factors that can pose challenge to in-wheel motors market growth are high cost, road shocks, etc. Also, the designing of motor-control software is a might adversely affect the installation of the product, thus, restraining expansion of the market. Market Segmentation: On the basis of motor type, the in-wheel motors market has been segmented into outer rotor type and inner rotor type. By power output, the in-wheel motors market has been segmented into 50-90 KW, up to 50 KW, and Above 90 KW. Based on vehicle type, the in-wheel motors market has been segmented into light commercial vehicles, passenger cars, and heavy commercial vehicles. On the basis of cooling type, the in-wheel motors market has been segmented into air cooling and liquid cooling. Regional Analysis: The geographical evaluation of the automotive in-wheel motors market spans across the following regional segments – North America, Asia-Pacific, Europe, and the Rest of the World (RoW). These segments are further analyzed on the basis of countries to present a detailed insight. Europe in-wheel motors market is supposed to lead on the global front. The presence of developed industry for automobiles in the industry is resumed to augment the in-wheel motors market. Also, the implementation of stringent emission laws is projected to support the growth of the market in the nearby future. Growth of the OEMs in the region is also projected to influence the in-wheel motors market greatly. In addition, APAC is also supposed to exhibit substantial growth. The strong economic development of the region is anticipated to work in favor of market growth. Increasing production of automobiles is also presumed to have a positive impact on the in-wheel motors market. Competitive Dashboard: Schaeffler AG (Germany), Tesla (US), Nissan Motors Corporation (Japan), e-Traction B.V. (Netherlands), ZIEHL-ABEGG (Germany), Printed Motors Works (UK), Elaphe Ltd (Slovenia), Protean Electric (US), NTN Corporation (Japan), and ECOmove GmbH (Germany) are the key participants of the in-wheel motors market. These players are supposed to bring innovation and new products based on the latest industry trends. This, in turn, is supposed to intensify competition and augment the in-wheel motors market. The global automotive insurance market, according to the recent report published by Market Research Future (MRFR), is touted to attain a substantial market valuation at a moderate CAGR over the review period.
Drivers and Restraints Several influential factors are driving the growth of the global automotive insurance market, such as the increasing awareness among end-use industry verticals, the advent of advanced technologies and products, and the availability of third-party insurance suppliers in emerging economies such as Brazil, India, Indonesia, Vietnam, and China to offer substantial traction for the automotive insurance market over the review period. Moreover, automotive insurance companies are likely to work with software providers to deliver big data-based solutions to fulfill the end user’s concerns and available market demand during a car-related transaction in the near future. Additionally, digital technologies and mobile internet are expected to transform the vehicle industry, consequently driving the automotive insurance market. The automotive sector is indisputably undergoing significant changes that are likely to contribute towards an increase in asset utilization, change vehicle ownership models, and enhance vehicle safety, which will eventually impact the global automotive insurance market. Furthermore, the advent of autonomous technology has made cars increasingly safer, which is expected to reduce vehicle accidents by a notable amount over the forecast period. On the other hand, an increase in on-demand transportation and the shift of liability to market players are some of the impactful factors that are slated to hamper the growth of global automotive insurance over the assessment period. Auto insurance with car key and calculatorSegmental Analysis The global market for automotive insurance is bifurcated on the basis of vehicle type and insurance type. On the basis of vehicle type, the global market for automotive insurance has been segmented into light commercial vehicles (LCV), passenger cars, and heavy commercial vehicle (HCV). On the basis of the insurance type, the global automotive insurance market has been segmented into comprehensive, third-party, third theft and fire, and others Regional Analysis On the basis of the region, the global market for automotive insurance is studied in Europe, North America, Asia-Pacific, and the rest of the world. Asia-Pacific is one of the major markets for automotive insurance and is projected to account for the largest market share in the global automotive insurance market due to the flourishing automotive industry in the region, significant vehicle sales, and the augmented consumer awareness to evade financial inconvenience during repairs and theft. The Europe automotive insurance market, on the other hand, is expected to expand progressively over the review period due to economic recovery in the past few years, with a focus on compulsory motor third-party liability insurance. North America is also assessed as one of the significant markets for automotive insurance and is estimated to register substantial growth in the global automotive insurance market due to the remarkable sales of light commercial vehicles over the review period. Competitive Analysis The major market players involved in the global automotive insurance market as identified by MRFR are RAC Motoring Services (UK), Allstate Insurance Company (US), Progressive Casualty Insurance Company (US), GEICO (US), Clements Worldwide (US), NFU Mutual (UK), ABIC Inc. (China), Zhongan Insurance (China), CPIC (China), RSA Insurance Group plc (UK), State Farm Mutual Automobile Insurance Company (US), and Zurich Insurance Group (Switzerland). The market players operating in the global insurance market are expected to increase the investments towards research and development activities and expand the competitive dynamics of the global automotive insurance market with business strategies such as mergers, acquisitions, joint ventures, and partnerships, among others. These are expected to create growth opportunities in the market over the review period. According to Market Research Future (MRFR)’s latest report, the global autonomous vehicle ECU market is projected to thrive at a moderate CAGR over the forecast period 2018 to 2023. The developmental opportunities of the automotive sector coupled with the rising demand for autonomous and semi-autonomous cars are expected to propel the expansion of the market in the forthcoming years.
According to a report published by the World Health Organization (WHO), around 1.35 million people die in road traffic crashes every year. Road safety is has raised red flags globally that has led to the enforcement of certain mandates such as the installation of advanced safety systems and anti-lock braking system (ABS). These are anticipated to expedite the growth of the autonomous vehicle ECU market as ECUs are highly utilized for controlling autonomous functions of a vehicle. In addition, the rising demand for advanced driver assisted system in vehicles is further expected to revolutionize the future trajectory of the market. The strengthening global economy has led to a shift towards the adoption of autonomous cars. This, in turn, is anticipated to augment the global autonomous vehicle ECU market over the next couple of years. Furthermore, the technological advancements in the automotive sector are poised to have a favorable influence on the expansion of the global market over the review period. Market Segmentation: By application type, the global autonomous vehicle ECU market has been segmented into autonomous vehicles and semi-autonomous vehicles. By vehicle type, the autonomous vehicle ECU market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. Regional Analysis: The global autonomous vehicle ECU market, by region, has been segmented into Europe, North America, Asia Pacific, and the Rest of the World (RoW). North America has been projected to secure the pole position in the global marketplace. The rising demand for advanced safety, comfort and convenience systems is forecasted to lead the expansion of the autonomous vehicle ECU market in the region over the next couple of years. The U.S. and Canada are anticipated to contribute significantly to the development of the regional market. In addition, the boosted sales of vehicles coupled with the increasing installation of ECUs are expected to favor the proliferation of the autonomous vehicle ECU market in the region. Europe is expected to grow substantially over the next few years owing to the boom witnessed in the automotive sector. In addition, Asia Pacific is also likely to exhibit positive growth in the upcoming years. The region has been witnessing an upsurge in demand for automobiles backed by increasing purchasing power. This, in turn, is anticipated to catalyze the expansion of the autonomous vehicle ECU market in the region. Competitive Dashboard: Some of the key players operating in the global autonomous vehicle ECU market are Bosch (Germany), Continental AG (Germany), Intel Corporation (U.S.), Hitachi, Ltd. (Japan), Nvidia Corporation (U.S.), ZF Friedrichshafen AG (Germany), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), and Autoliv Inc. (Sweden). Industry News: In February 2019, Wave Computing®, a company that is accelerating artificial intelligence (AI) from the datacenter to edge, announced the launch of its MIPS processor technology for vehicles that are equipped with Advanced Driver Assistance Systems (ADAS). In February 2019, Renesas Electronics Corporation, a Japanese semiconductor manufacturer, has announced the introduction of its microcontroller (MCU) with embedded flash that facilitates the integration of hardware-based virtualization-assisted function. The technology has been designed to accelerate automotive ECU integration. In January 2019, SafeRide Technologies, an automotive cybersecurity company, has announced the introduction of vXRay which is an anomaly detection and behavioral profiling technology for Security Operation Centers (SOC) of connected vehicles. The global automotive cyber security market is predicted to touch USD 32 Million at a 9% CAGR over the forecast period (2017-2023), reveals the latest Market Research Future (MRFR) report. Cybersecurity affects people on multitude of levels. This when applied to vehicles takes on a very vital role. Components and systems which govern safety should be protected against damage, unauthorized access, harmful attacks or anything that may interfere with the safety function. Automotive cyber security is a combined process of defense that helps to detect, correct and protect, and also recognize as well as avoid threats. Latest automotive cybersecurity vehicles are predicted to be equipped with hardware-based protection surrounding the engine control unit, network monitoring system, software implemented in cars to defense them, cloud security services, privacy for protection and correct data privacy. Cybersecurity and connectivity go hand in hand in the current technology centric world. Features and services such as entertainment, remote access, diagnostics, and navigation are turning more commonplace.
Various factors are pushing the growth of the automotive cyber security market. These factors, in accordance to the Market Research Future (MRFR) report, include growing use of e-mobility, technological developments in autonomous and semi-autonomous vehicles, growing number of cloud-based applications in automotive industries and constant innovation as well as launches of ICT technologies. Additional factors pushing the market growth include increasing cyberattack threats in the automotive and transportation systems, growing adoption of telematics services, advancement in vehicle connectivity and internet of things, preference of end users for car connectivity features, increasing investments made by start-ups for product development and collaborations between security solution providers and automakers. On the contrary, soaring price of connected vehicles and high cybersecurity system installation cost are factors that may restrict automotive cyber security market growth over the forecast period. Market Segmentation The Market Research Future report offers a wide segmental analysis of the automotive cyber security market on the basis of type, vehicle type and application type. Based on type, the automotive cyber security market is segmented into cloud, wireless, application, endpoint and network. Of these, the endpoint segment will have the largest share in the market over the forecast period. Based on vehicle type, the automotive cyber security market is segmented into commercial vehicle and passenger vehicle. Of these, the passenger vehicle segment will dominate the market over the forecast period. Based on application type, the automotive cyber security market is segmented into safety systems, powertrain, communication channels, infotainment, on board diagnostic and telematics. Of these, powertrain will lead the market over the forecast period. Regional Analysis Based on region, the automotive cyber security market report covers growth opportunities and latest trends across Asia Pacific (APAC), Europe, North America and Rest of the World (RoW). Of these, North America will remain the forerunner in the market over the forecast period. This is owing to the growing inter industry collaborations among mobile network operators and automotive manufacturers in order to maximize internet connectivity. The automotive cyber security market in the APAC region will have a healthy growth over the forecast period. With a huge number of enterprises and small and medium enterprises that are internationally recognized in this region using cloud-based cyber security, the market growth here is predicted to be strong by 2023. Increasing urbanization, increasing purchasing power and changing lifestyle are the other factors that is predicted to push the market growth in the APAC region over the forecast period. Key Players Leading players profiled in the automotive cyber security market report include Secunet AG (Germany), Escrypt Embedded Systems (Germany), NXP Semiconductors N.V. (Netherlands), Intel Corporation (U.S.), NNG Software Developing and Commercial Llc. (Hungary), Cisco Systems Inc. (U.S.), Intel Corporation (U.S.), Karamba Security (Israel), Harman International Industries, Inc. (U.S.), Argus Cyber Security (Israel), among others. June 2019- Leading automotive cybersecurity company, SafeRide Technologies has joined hands with Renault-Nissan-Mitsubishi Alliance to test their cybersecurity solutions on cars at Alliance’s Innovation Lab in Tel Aviv. |