Automotive Research Reports |
The global automotive steer-by-wire system market, according to a report by Market Research Future (MRFR), has seen remarkable growth and is expected to register a CAGR of 14%.
Drivers and Restraints The growth in demand for better steering functionality in the vehicle is the primary driver for the global automotive steer-by-wire system market. The rising demand for better fuel efficiency due to a continuous increase in fuel prices and massive demand for vehicle comfortability is likely to further drive the global market in terms of both value and volume for the automotive steer-by-wire system. On the other hand, a high amount of technology is slated to limit the growth of the global automotive steer-by-wire system market. In the preliminary phase of the steer-by-wire technology, appropriate technological development is the primary concern for manufacturers as a small mistake is likely to lead to the recall of automobiles in the global market over the review period. Segmental Analysis The global market for automotive steer-by-wire system is segmented on the basis of fuel type, vehicle type, component, and region. Based on the component, the automotive steer-by-wire system market has been segmented into steering actuators, feedback motors, and angular sensors, others. Based on the propulsion type, the market has been bifurcated into electric and ICE. On the basis of vehicle type, the market for the automotive steer-by-wire system has been segmented into light commercial vehicles, heavy commercial vehicles, and passenger cars. Regional Analysis Geographically, the global market for automotive steer-by-wire systems has been studied in four major regions, namely, Europe, North America, Asia-Pacific, and the Rest of the World (RoW). Europe is touted to hold the highest revenue market share through the review period owing to the presence of crucial automotive consuming countries such as Germany, the UK, Italy, Spain, and Russia. There is a constant increase in awareness about new technologies and their availability at a lower cost by top automobile market players in Europe, which is slated to increase the demand for the latest vehicle components and technologies such as automotive steer-by-wire systems. In Asia-Pacific, the augmented demand for luxury vehicles owing to increased average disposable income and growing purchasing power of consumers are likely to improve the sales for the automotive steer-by-wire system. The Asia Pacific market for automotive steer-by-wire systems is poised to expand substantially over the review period, owing to the established automotive industry in the region. The steady rise in sales across emerging economies in the region, such as India, China, Japan, South Korea, among others, is expected to drive the demand for automotive steer-by-wire systems across the region. North America is also one of the significant regions for automotive steer-by-wire systems and is slated to reach a substantial market share over the review period. The established automotive industry is likely to contribute towards the market growth in the region. Competitive Analysis The major market players in the global automotive steer-by-wire system market include Nissan Motor Company Ltd (Japan), JTEKT Corporation (Japan), ZF Friedrichshafen AG (Germany), and Thyssenkrupp AG (Germany), Paravan GmbH (Germany), Nexteer Automotive (US), Danfoss Power Solutions, Inc. (the US), SKF (Sweden), LORD Corporation (US), and Eaton Corporation (Republic of Ireland), among others. 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 steer-by-wire system market with business strategies such as mergers, acquisitions, joint ventures, and partnerships, among others. These factors, along with the increasing technological integration and advancements being developed by market players are anticipated to create growth opportunities in the market over the review period. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis
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Automotive software system is needed to transfer information from the hardware to the display board. This is an essential feature that increases driver’s experience of the car. The global automotive software market is expected to thrive on its benefits and earn 20% revenue during the forecast period (2018-2023). Market Research Future (MRFR) asserts that the growth would also depend on the integration of electric vehicles.
Factors to improve the automotive software market are the need for safety, better navigational system, proper knowledge of the car’s state, and improved experience of the driver. High-end cars are expected to gain more due to this rise in safety concerns. The growth in demand for electric vehicles and connected vehicles can play a vital role in deciding the future for the market. However, the automotive software market could face some flacks due to lack in protocols and complexities of software employed. Segmentation: MRFR takes a segmental route to study the global automotive software market. The report contains segmentations by solutions, system, vehicle type, and propulsion. The aim of this study is to get a closer look at the global market for a better predictive analysis. Based on the solution, the automotive software market comprises autopilot software, entertainment software, navigation software, and car safety software. Recent safety demands are propelling the growth for the car safety software. At the same time, better driving experience are triggering demand for entertainment software and navigation software. Based on the system, the automotive software market consists ADAS & safety systems, powertrain systems, body control & comfort systems, communication system, infotainment systems, and telematics system. Connected vehicles are in high demand which are providing thrust for the growth of the communication system segment. Based on the vehicle type, the automotive software market consists passenger car and commercial vehicle. The passenger car segment is witnessing remarkable growth due to the rise in disposable income. People are buying cars for personal comfort which is increasing the sale of passenger cars. Based on the propulsion, the automotive software market includes ICE vehicle and electric vehicle. The electric vehicle segment is winning accolades at present and is gaining strong momentum. Regional Analysis: North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW) are regions that have been included in MRFR’s study of the global automotive software market. The study has a particular eye for identifying details about growth possibilities. The APAC market is expected to rise quite rapidly from its present dominant position. Its extraordinary growth is a result of market titans showing interest in the demographic benefits. Cheap labor, easy access to raw materials, and others are major factors that are luring in the foreign players for better analysis. The growth in sales of connected vehicles and change in automotive infrastructure are providing tailwinds to the regional market. North America and Europe are showing substantial growth due to the demand for superior safety features and high investment capacity. The second factor has triggered many in adopting high-end cars that is also playing a crucial role during the forecast period. Competitive Landscape: Influential players in the global automotive software market are trying to take lead by implementing various tactical moves. These strategies are also creating scope for the market expansion. MRFR’s analysis enlists some of them and profiled them for a better analysis of the global automotive software market. These companies are BlackBerry (Canada), NXP Semiconductors (Netherlands), Elektrobit (Germany), Renesas Electronics Corporation (Japan), Autonet Mobile, Inc. (USA), Microsoft Corporation (US), NVIDIA Corporation (US), Green Hills Software (US), Airbiquity Inc. (US), and Wind River Systems, Inc. (US). In June 2019, Renesas Electronic Corporation, a leading company in the field of supplying advanced semiconductor solutions, inked a partnership with the SAIC Volkswagen Automobile Co. The collaboration is expected to support electronic applications, particularly, for the Chinese market. Renesas’ advanced system-on-chips, microcontrollers, and software expertise are projected to bolster Volkswagen’s software module development program and system integration to stay in sync with the growing demand from the Chinese market. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis The global automotive smart antenna market is expected to grow at a robust CAGR of 7.5% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global automotive smart antenna market is analyzed in full detail in the report, which provides readers with a complete overview of the market’s leading drivers and restraints, major segments, and leading players.
Automotive smart antennas are becoming increasingly popular due to the growing demand for connected car technology and in-car infotainment. The growing demand for driver convenience and comfort has driven the need for strong infotainment units capable of providing telecommunications as well as online and radio connectivity. The increasing demand for in-car infotainment units that can dock with the driver’s phone and provide seamless connectivity with the outside world has driven the need for automotive smart antenna. The increasing demand for advanced GPS services and other wireless communication services in vehicles is likely to drive the demand from the global automotive smart antenna market over the forecast period. The growing demand for connected cars is likely to be a major driver for the global automotive smart antenna market over the forecast period. Connected car technology is estimated to make road transportation significantly smoother by enabling communication between vehicles on the road. The growing demand for autonomous cars is also likely to be a major driver for the automotive smart antenna market in this respect, as vehicle to vehicle communication is a crucial reason for the use of autonomous cars. Automotive smart antennas play a fundamentally crucial role in enabling vehicle to vehicle communication, thus driving their demand in the automotive industry. Competitive Analysis: Leading players in the global automotive smart antenna market include Laird, Kathrein SE, World Products Inc., Antenova M2M, Ace Technologies Corp., West Corporation, Hirschmann Car Communication GmbH, Continental AG, and Ficosa International S.A. In February 2019, Continental AG completed the acquisition of Kathrein Automotive GmbH. This represents a major acquisition for Continental, as Kathrein is a leading manufacturer of intelligent vehicle antennas and significantly bolsters Continental’s product lineup. Segmentation: The global automotive smart antenna market is segmented on the basis of frequency, vehicle type, sales channel, and region. By frequency, the global automotive smart antenna market is segmented into ultra-high frequency, very high frequency, and high frequency. By vehicle type, the global automotive smart antenna market is segmented into passenger cars, commercial vehicles, battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicles. By sales channel, the global automotive smart antenna market is segmented into OEMs, original equipment suppliers, and independent aftermarket sales. Regional Analysis: Asia Pacific is likely to dominate the global automotive smart antenna market over the forecast period due to the growing use of technologically advanced products in automotive applications in the region. The growing disposable income of consumers in Asia Pacific has driven the demand for technological sophistications, including wireless connectivity and infotainment systems. The growing demand for premium vehicles in Asia Pacific is likely to be a major driver for the global automotive smart antenna market over the forecast period. China and Japan have emerged as major tech leaders in the automotive industry in recent years on the back of the smooth growth of the automotive industry in these regions in recent years. This is likely to be a major driver for the automotive smart antenna market in Asia Pacific over the forecast period. Europe is also likely to play a major role in the global automotive smart antenna market over the forecast period due to the strong presence of established automotive technology developers in the region. The automotive industry is considered to have its spiritual home in Central Europe, with Germany, France, and Italy housing many of the world’s leading car manufacturers. This is likely to drive the demand from the automotive smart antenna market in Europe over the forecast period, as the demand for premium vehicles equipped with the latest in connectivity tech is relatively high in Europe. Similarly, North America is likely to play a leading role in the global automotive smart antenna market over the forecast period due to the high demand for cars and commercial vehicles equipped with technological sophistications. On the other hand, the Middle East, Africa, and Latin America are likely to exhibit relatively slow growth due to the low disposable income of consumers in these regions. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis Market Research Future (MRFR), in its latest report on the world automotive regenerative braking system market 2020 states different factors that can boost the expansion of the market. As per MRFR findings, the automotive regenerative braking system (RBS) market rise is expected to be about 11% CAGR by 2023. The high utility of automotive regenerative braking system for energy recovery mechanism in which it convert the produced heat from friction in the brakes of the vehicle into electrical energy can prompt the expansion of the market. The increased input by high-voltage batteries, followed by high demand per vehicle can bolster the expansion of the market in the years to come. This emergence of braking system can curb vehicular emissions from that of conventional vehicles can propel the expansion of the global market of automotive regenerative braking system market. The feasibility of heat transfer to power consuming system or batteries can from brakes can promote the rise of the world automotive regenerative braking system market. The automotive RBS market significant expansion can be attributed to benefits, such as high performance of vehicles, reduced wear and tear of the braking system, and replacement of conventional braking system can boost the expansion of the automobile regenerative braking system.
Segmental Analysis The segment study of the automotive regenerative braking system global market based on system type, vehicle type, and electrical vehicle. The vehicle type based segments are passenger vehicles, commercial vehicles, and two wheelers. The system type based segments of the market are hydraulics, battery, flywheel, and ultra-capacitors. The electric vehicle segment comprises hybrid electrical vehicle, battery vehicle, and plug-in hybrid electrical vehicle. The global RBS market can be driven by the high demand of fuel-efficient vehicles and the growing concern for pollution among people. In addition, the high sales of electric cars, plus the reduction in brake wear and tear can prompt the expansion of the automotive regenerative braking system. Major restraints on the market are increased overall costing and high maintenance price along with brake system overhauling. In addition, the growing demand of electric vehicles for public transport system can boost the expansion of the market. The rise of the automotive RBS market can be credited to advancements in two-wheeler RBS and high opportunities for the expansion of the automotive regenerative braking system market through the assessment period. Regional Study Geographically, the study of the regenerative braking system market is based on Europe, North America, followed by Asia-Pacific and the Rest of the World. The automotive regenerative braking system market in North America can dominate the world automotive RBS market through the review period. The presence of well-known marketers and the high penetration of electrical vehicles can prompt the expansion of North America automotive regenerative braking system in the years to come. In Asia Pacific, the automotive RBS market is likely to rise at a high growth rate in the forecast period. The increase in purchasing power of people and rapid globalization can prompt the regional market rise owing to the rise in the penetration of plug-in and hybrid electric vehicles can prompt the expansion of the market in China and Japan. Key Players MRFR profiled some important names in the automotive regenerative braking global system market. They are; ZF Friedrichshafen AG (Germany), Robert Bosch GMBH (Germany), Denso Corporation (Japan), Delphi Automotive PLC (US), Hyundai Mobis (South Korea), ADVICS North America, Inc. (US), Mazda Motor (Japan), Continental AG (Germany), TRW automotive (US, Autoliv Nissin Brake Systems Co., Ltd. (Japan), Faurecia SA (France), are among others. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis Automotive power modules refer to electric components which are used for a variety of applications in electric vehicles. Power modules provide physical containment to automotive components such as traction inverters, boosts converters, and air conditioners. Power modules are composed of metal oxide semiconductor chips that help in power generation. Additionally, they assist in the conversion of low voltage DC power to high voltage AC power from the battery, which results in the removal of excess heat. Market Research Future (MRFR) has published a new report on the global automotive power module market and has indicated a positive growth trend in the market over the forecast period of 2018-2023.
The growing severity of fuel-efficiency norms and elevating concerns about the harsh impact of mechanical systems within vehicles have resulted in such systems being replaced by electrical alternatives. This has significantly driven the market for automotive power modules. Electrical components not only enable far higher degrees of efficiency but also improve operational performance. Automotive OEMs are focused on minimizing power loss and increase power density, which leads to heightened adoption of power modules in cars. Increasing production and adoption of electric vehicles is a factor which is positively impacting the market growth. Improving charging infrastructure and growing stringency of emission standards, and spiraling demand for energy efficient battery-powered devices are other factors aiding the market growth. Conversely, the growth of the market can be deterred by the lack of standard protocols for the development of power modules. Additionally, power modules raise the overall cost of vehicles, which restrains the growth of the market. Segmentation The global automotive power modules market has been segmented based on type, vehicle type, and propulsion. By type, the automotive power modules market has been segmented into intelligent power module (IPM) and power integrated module (PIM). By vehicle type, the automotive power modules market has been segmented into passenger car and commercial vehicle. By propulsion, the automotive power modules market has been segmented into ICE vehicle and electric vehicle. The electric vehicle segment has been further segmented into battery, hybrid, and plug-in electric vehicle. Regional Analysis By region, the automotive power modules market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC). The APAC automotive power module market is likely to showcase maximum growth over the forecast period. Augmenting sale of electric vehicles across the region is a key factor motivating the growth of the market in the region. The region has established itself as a major automotive manufacturing hotspot due to which there is high demand for automotive power modules from the OEMs. Automotive OEMs in the region have directed their focus towards safety quotient of cars and increasingly incorporating such features in vehicles. The leading automotive players in the region are pouring in substantial amounts on R&D activities which have led to noteworthy developments in the power module space. Other factors substantiating the growth of the market include rising public and private investment in technology development. Europe is likely to account for an advantageous share of the global automotive power module market. Established automotive industry and the presence of various key players in the region such as Infineon Technologies (Germany), and Continental AG (Germany) are boosting the growth of the market. Competitive Landscape STMicroelectronics (Switzerland), Toshiba Corporation (Japan), Robert Bosch GmbH (Germany), Mitsubishi Electric Corporation (Japan), Rohm Semiconductor (Japan), Renesas Electronics Corporation (Japan), NXP Semiconductors (Netherlands), Continental AG (Germany), ON Semiconductor (US), Fuji Electric Co. (Japan), and Infineon Technologies (Germany) are the noteworthy players in the global automotive power modules market. Industry Updates May 2019 – Wolfspeed, a provider of the most field-tested SiC, GaN Power, and RF solutions, introduced a power module specifically designed to maximize the benefits of SiC. Dubbed as XM3, the new power module is half the weight and volume of a standard 62 mm module. It enables simple power bussing, minimizes loop inductance, and maximizes power density. The intended application of XM3 includes UPS, EV chargers, and motors and traction drives. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis The development of the automotive industry is accredited to the increased demand in automotive position sensor market. Market Research Future has presented the market report related to the automotive industry aims to analyze the current market scenario better. The automotive position sensor market is anticipated to advance at a CAGR of 8% with a valuation of USD 2 billion by 2022.
The escalation in technological development and revolutionized automotive industry through automation and digitization is expected to increase the market share significantly over the years. A position sensor is a device that detects, measures, and records the physical movement of an object and translates into translating it into signals that get suitable for processing, transmission, and control. In an automotive, a position sensor is a combined part of the vehicle that serves various applications such as light position sensors, seat position sensors, motion shaft position sensors, motor shaft position sensors and more. Driving Factors: Automotive Position Sensor MarketThe increasing and continuous developments and innovations in technology, the demand for electronic sensors for these position sensors in the automotive market is more. Hence, the market for automotive position sensors is anticipated to witness significant growth during the forecast period. In recent times, the changing focus of the automotive industry to technological trends such as electrification, autonomous driving and more has boosted the demand in the automotive position sensors market. At the same time, the manufacturer’s inclination towards integration of position sensors in vehicles portray a positive outlook of continuous growth in the automotive position sensor market. While increasing stringent government regulations regarding automobile safety and global car production have also significantly contributed to the growth of the market. In addition, growing automotive industry, especially in the developing regions, has been highly helpful in improving the subject detection and automatically improving measures in more development, which is, in turn, is expected to be the key driver for the automotive position sensor market. Rising environmental and health apprehensions have led to introducing stringent emission norms in several countries. This concern has made a rapid adoption of emission norms which eventually helped the automotive position sensors to increase, hence stimulating the automotive position sensor market over the years having a promising future in the years to come. Automotive Position Sensor Market: Market SegmentationThe automotive position sensor market has segmented on the type, vehicle type, and high end. By mode of type, the market, as in reports have been segmented into multi-axis, angular, and linear. By mode of vehicle type, the market has been segmented into high end, mid end, low end and electric. Automotive Position Sensor Market: Regional AnalysisThe regions covered in MRFR’s report on automotive position sensor market include North America, Europe, Asia-pacific and rest of the world. North American and Europe are poised to lead the market and retain its leadership over the forecast period. The presence of several leading market players in these regions are actively developing and adopting technologies to integrate with automotive position sensors is likely to drive the market significantly. Meanwhile, the Asia-Pacific region is likely showing high potential mainly due to the increase in the number of passenger vehicles operating in this region. Market Key PlayersSome of the key players in the Automotive Position sensor market are Analog Devices Inc, Avago Technologies, Bosch Sensortec GMBH, Bourns Inc, Continental Corporation, CTS Corporation, Delphi Automotive, Denso Corporation, GE Measurement & Control Solutions, Gill Sensor& Control, Hella KGAA, Infineon Technologies, NXP Semiconductors, Sensata Technologies, TRW Automotive INC, Stoneridge INC. Industry News27 November 2018 -Melexis has announced a new member to its third-generation magnetic sensor family, the MLX90378, which provides robust absolute 3D position sensing for automotive applications including transmission sensors and gear shifters. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis The rashness in driver behavior while driving has increased, prompting safety measures to reduce the probabilities of accidents. Reports that evaluate the automobile industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is anticipated to develop at an excellent CAGR while transforming the market landscape in the forecast period.
The deficiency of parking space in urban areas is expected to raise the demand for the automotive parking sensors market. The use of parking sensors is anticipated to rise following the consumer’s requirement for being able to park smoothly efficiently. Moreover, augmented technological development is expected to fuel the expansion of the automotive parking sensors market in the impending years. Segmental Analysis The analysis of the segments in the automotive parking sensors market is carried out on the basis of sales channel, type, technology, vehicle type, and region. Based on type, the automotive parking sensors market has been segmented into front parking sensors, reverse parking sensors, and others. The segmentation of the automotive parking sensors market on the basis of technology comprises of Electromagnetic sensors, Ultrasonic sensors, Infrared sensors, Laser and Others. Based on sales channel, the automotive parking sensors market has been segmented into aftermarket and OEM. Based on the vehicle type, the automotive parking sensors market is segmented into LCV, passenger cars, and HCV. The regions included in the automotive parking sensors market are Europe, North America, Asia Pacific, and the Rest of the World. Detailed Regional Analysis The regional assessment of the automotive parking sensors market comprises of regions such as Europe, North America, Asia Pacific, and the Rest of the World. The European region is projected to be responsible for a noteworthy market stake in the automotive parking sensors market globally. The market in this region is directed by chief automobile manufacturing nations such as France and Germany. Also, stringent regulations concerning pedestrian safety have induced automotive OEMs to fit in safety features such as parking sensors in vehicles.The Asia Pacific regional market is likely to develop at a peak CAGR over the forecast period. As the region is a base to developing countries such as India and China, where the demand and manufacture of automobiles is on the rise. Moreover, owing to the high population, these nations have a recurrent problem relating to constricted parking spaces, which has additionally amplified the importance of features such as parking sensors. The rising disposable incomes and surge in the middle-class population with awareness concerning pedestrian and vehicle safety have also played a vital role in the progress of the market in this region. Competitive Analysis The advancement of the market is upgraded chiefly due to the reduction in promotional and miscellaneous expenses. An intensified growth pace is observed due to the productive effect exerted by the market forces both externally and internally. The progress capability of the market is bolstered by the accretive nature of the assets available in the market. The market is projected to accomplish an absolute lead in the market place owing to improved strategies in specific areas. The absorbed expenses in the market are readily dispensed with, opening more room for the development in the market. The companies functioning in the market are persistently taking on the hindrances to progress and are forming strategies that are projected to guide to a beneficial outcome on the market’s advancement. Additionally, the deals being coined in the market are likely to additionally inspire the development of the market in the impending years. The outstanding contenders shaping the Automotive Parking Sensors Market globally are Robert Bosch GmbH (Germany), Aptiv PLC (Greece), Valeo (France), NXP Semiconductors N.V. (the Netherlands), Autoliv Inc. (Sweden), Gentex Corporation (U.S.), Denso Corporation (Japan), TGS Group (UK), Continental AG (Germany), and Murata Manufacturing Co., Ltd. (Japan). Industry Updates: Mar 2019 Volvo Cars is arranging to install cameras and additional sensors inside its cars that would observe the driver’s behavior and permit the car to intercede if a distracted or an intoxicated driver does not react to warning signals and is exposing themselves to an accident. The intercession could be in the by way of limiting the car’s speed, notifying the Volvo on Call assistance service and, as a last course of action, actively decelerating down and securely parking the car. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis The global automotive over the air updates market is expected to exhibit a strong 15% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR). The global automotive over the air updates market is analyzed fully in the report, which takes a look at the comprehensive performance figures of the market over the last few years to present a detailed review of the market’s key drivers, leading players, and dominant segments.
The automotive over the air updates market has rapidly risen in stature to become a key component of the global automotive industry over the last few years. The growing use of electronics in vehicles and the growing demand for automated electronic monitoring of the vehicle have led to a growing demand from the global automotive over the air updates market. The growing demand for autonomous and connected vehicles is likely to be a key driver for the global automotive over the air updates market over the forecast period, as autonomous and connected cars rely heavily on their software programming to ensure steady performance and safety of the car’s occupants. On the other hand, the difficulties in building a suitable software architecture for over the air updates in the automotive sector have held the market back. The risk of cybercrimes through automotive software systems is also quite high, which is likely to be a key restraint for the global automotive over the air updates market over the forecast period. Developing secure architecture of automotive over the air updates is likely to be a key avenue for players in the global automotive over the air updates market over the forecast period. Competitive Analysis: Leading players in the global automotive over the air updates market include Infineon Technologies AG, Garmin Ltd., Denso Corporation, Continental AG, Airbiquity Inc., Microsoft Corporation, NVIDIA Corporation, Delphi Automotive, Robert Bosch GmbH, and HARMAN International. In May 2019, General Motors announced that it is working on building a comprehensive software platform for its cars that can be regularly updated over the air. GM’s platform is expected to be incorporated into their automobiles by 2023. Segmentation: The global automotive over the air updates market is segmented on the basis of technology, application, propulsion, vehicle type, and region. On the basis of technology, the global automotive over the air updates market is segmented into firmware over-the-air technology (FOTA) and software over-the-air technology (SOTA). On the basis of application, the global automotive over the air updates market is segmented into electronic control unit (ECU), infotainment, safety & security, telematics control unit (TCU), and others. On the basis of propulsion, the market is segmented into ICE and electric vehicles. The electric vehicles segment is further sub-segmented into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). On the basis of vehicle type, the global automotive over the air updates market is segmented into passenger cars and commercial vehicles. Regional Analysis: Asia Pacific is expected to dominate the global automotive over the air updates market over the forecast period due to the growing automotive industry in the region. The growing demand for automotive electronics in the region is also likely to be a key driver for the automotive over the air updates market in the region over the forecast period, as the growing disposable income of consumers in this region has driven the demand for premium facilities in automobiles, including advanced automotive electronics and telematics. Moreover, the increasing demand for electric vehicles in China is also likely to be a major driver for the automotive over the air updates market in Asia Pacific over the forecast period. China has been a leader in developing electric vehicle technology in recent years, leading to growing demand for advanced software support for automotive operations. North America and Europe are also likely to be major players in the global automotive over the air updates market over the forecast period due to the presence of several leading market players in the region. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis Market Research Future (MRFR) expects the global automotive light-emitting diode (LED) lighting market to achieve an approx. CAGR of 9% during the forecast period (2016-2022). It could reach a rough valuation of USD 20 Billion by 2022.
Primary Drivers and Top Challenges The cost-effectiveness is of the most appealing qualities of an automotive LED, which boosts its demand in the market. This factor also facilitates the preference for automotive LED instead of conventional halogen automotive lamps. This aspect of the automotive LED also augments its demand in the economy cars segment, which works in favor of the market. High prevalence of automotive LED in interior automotive lighting has been noted all over the world. In terms of exterior automotive lighting, a noteworthy uptake of automotive LED has been observed in the premium and high-end vehicle segment. Besides, manufacturers are now making considerable investments in innovation centers as well as advanced technologies, further stimulating growth of the automotive LED market. Soaring demand for hybrid and electric vehicles is also elevating demand for automotive LED, as automakers are now focusing on attractive interiors which is a USP aspect of their products. Besides, governments of several countries now offer incentives for manufacturing of automotive LED in a bid to promote using energy-saving alternatives. Market Segmentation The worldwide automotive LED lighting market can be segregated on the basis of position, vehicle types and adaptive lighting. The position-wise segments covered by the report are front, rear, side and interior. The vehicle types mentioned in the report include passenger car, light commercial vehicle and heavy commercial vehicle (HCV). The adaptive lighting types are rear adaptive lighting, front adaptive lighting, and ambient adaptive lighting. Adaptive headlights note the highest demand in the market, since they are used while driving on winding roads during twilight, at night, or in low-light conditions. These headlights are able to alert the drive of any potentially dangerous situations. Regional Analysis The regional analysis of automotive LED lighting market is being studied for region such as Asia pacific, North America, Europe and Rest of the World (RoW). There is a high possibility of Europe and North America to collectively lead the LED lighting market, with respect to demand. Mounting sales of lightweight vehicles, expanding automobile industry and high focus on energy efficiency stimulates growth of the automotive LED lighting market in these regions. These regions are brimming with potential, given the introduction of latest technologies, such as organic LEDs (OLEDs) that generate homogenous light. In Europe, automakers like Jaguar are making use of automotive LED in their autonomous cars that have innovative applications. They are also trying to identify newer capabilities of automotive LED, which gives further push to market growth. Jaguar came up with a prototype autonomous vehicle that consists of two virtual eyes which makes eye contact with pedestrians so that their safety is ensured while crossing the road. Efforts of these types are providing significant boost to the automotive LED lighting market in North America as well as Europe. APAC is touted to be among the top contenders in the global automotive LED lighting market. The region provides numerous scopes to well-known participants, most of whom are based in India and China. These renowned companies can be seen harnessing the market potential in these counites and are striving to expand their business. One of the most effective ways that the players adopt to claim a better position in the market is by making considerable investments in the ever-expanding automotive industry. For instance, Lumiled and OSRAM are some of the top players that are constantly indulging in innovative marketing hacks that put them ahead of their rivals in the region. Top Vendors Top vendors in the worldwide automotive LED lighting market include Koito Manufacturing Co.Ltd (Japan), Stanley Electric Co.Ltd (Japan), Koninklijke Philips N.V. (Netherlands), Tata Motors Limited (India), Toyota Motor Corporation (Japan), Osram Licht AG (Germany), Mercedes-Benz (Germany), Zizala Lichtsysteme Gmbh (Austria), Hyundai Group (South Korea), Magneti Marelli S.P.A (Italy), among others. Note: The COVID-19 pandemic disruption is estimated to transform the XX market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the XX market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues. Read More: https://www.marketresearchfuture.com/covid-19-analysis |