Automotive Research Reports |
As per Market Research Future (MRFR)’s assessment, the global vehicle analytics market is expected to thrive at a CAGR of 24% during the forecast period 2017 to 2023. The global market is anticipated to scale valuation of USD 4.3 Bn towards the close of the assessment period. The data generated by vehicles are used for numerous purposes such as insurance, maintenance, security, etc. Thus, the integration of artificial intelligence algorithms into the automotive industry is expected to boost the growth pattern of the vehicle analytics market.
Automotive technology is undergoing constant evolutions, and vehicle analytics is one of the latest trends anticipated to gain traction in the years to come. Industry leaders are harnessing massive data produced by vehicles and analyzing it for providing enhanced aftermarket services to the customers. This, in turn, is likely to catapult the vehicle analytics market on an upward trajectory. Also, the increasing demand for high-end vehicles is anticipated to favor the expansion of the market across the review period. BFSI sector plays a crucial role in the development of the vehicle analytics market over the next couple of years. Insurers are adopting vehicle analytics for providing and settling insurance claims. The penetration of technology in the insurance industry is forecasted to catalyze the growth of the vehicle analytics market over the next couple of years. However, the high cost of the technology is likely to check the expansion of the market in the years to come. Market Segmentation: By component, the global vehicle analytics market has been segmented into software and services. The services segment is sub-segmented into professional services and managed services. By deployment, the vehicle analytics market has been segmented into on premise and on demand. By application, the global vehicle analytics market has been segmented into predictive maintenance, traffic management, infotainment, warranty analytics, usage based insurance, road charging, dealer performance analysis, safety & security management, and driver & user behavior analysis. By end-user, the vehicle analytics market has been segmented into travel & hospitality, service providers, automotive dealers, fleet owners, insurers, and others. Regional Analysis: By region, the global vehicle analytics market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America holds the most significant market share in the global marketplace and houses a technologically advanced infrastructure for supporting market growth. The technical brilliance of the region is poised to drive the expansion of the vehicle analytics market in the region over the assessment period. Asia Pacific has been expected to exhibit the highest CAGR across the projection period. Thriving automotive industry in conjunction with increasing demand for automobiles is likely to catalyze the growth pace of the vehicle analytics market in the region. Competitive Dashboard: The important players of the global vehicle analytics market profiled in this MRFR report are SAP SE (Germany), Microsoft Corporation (U.S.), Genetec (Canada), IBM Corporation (U.S.), Intelligent Mechatronic Systems (Canada), CloudMade (Ukraine), Harman International Industries, Inc. (U.S.), Inseego (U.S.), Teletrac Navman (U.S.), Agnik LLC (U.S.), Automotive Rentals (ARI) (U.S.), and Inquiron (U.S.). Industry News: In April 2019, ICICI Bank Limited, an Indian multinational banking, and financial services company, is leveraging upon data analytics for the launch of insta car and two-wheeler loans. In April 2019, J.D. Power, a global marketing information services company, has partnered with Chicago-based artificial intelligence and IoT software company, Uptake Technologies, for boosting connected device analytics. In November 2018, Avis Budget Group, American giant dealing in vehicle rental, is set to deploy Amazon Web Services’ Connected Vehicle Solution for the development of a cutting edge data analytics platform. 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/
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The global cellular concrete market is anticipated to garner a CAGR of 5.5% during the forecast period (2017-2023), Market Research Future (MRFR) reveals in a detailed report. Cellular concrete is rapidly replacing traditional concrete materials in the construction sector due to several benefits it provides. It is a lightweight constriction material, which is made of water, Portland cement, compressed air, and foaming agent, and is also termed as aerated concrete.
Market Potential and Pitfalls The soaring demand for lightweight and strong materials in the construction industry is driving the cellular concrete market across the globe. The surging preference for eco-friendly and cost-effective constructions is fueling the market growth during the assessment period. The production of conventional concrete involves the use of coal to make clinkers, which produces unwanted greenhouse gases. Cellular concrete, on the other hand, is considered an eco-friendly product, which is produced using fly-ash, at lower time and cost than conventional cement. Such benefits are likely to create huge demand from the cellular concrete market. Cellular concrete offers high-fluidity, fire resistivity, high strength, increased durability, mold resistance, and is economical. These properties enable it to offer cost-effective construction and better performance than conventional materials. On the contrary, foam liquid concentrates used to produce cellular cement may vary from poor to exceptional. This can raise concerns regarding the quality of the product. Moreover, several foam liquid concentrates promoted in the market are not designed for the production of cellular concrete. Such factors are estimated to restrict the market growth in the foreseeable future. Global Cellular Concrete Market: Segmental Analysis The global cellular concrete market has been segmented on the basis of application and end user. By application, the cellular concrete market is segmented into road sub-bases, building material, roof insulation, concrete pipes, bridge abutment, and others. Of these, the building material segment is likely to command the largest market share. The segment will retain its position in the coming years due to its low cost, less labor, and less building time. By end user, the cellular concrete market is segmented into residential and non-residential. Of these, the non-residential segment is likely to dominate the market as governments of developing as well as developed countries are emphasizing on the development of public infrastructure. This will further accelerate the demand for cellular concrete in the non-residential segment. Regional Frontiers Geographically, the global cellular concrete market spans across the Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW). Considering the global scenario, Europe commanded the largest market share in 2016. Growth in restructuring and remodeling of homes fuel the market growth in the region. Europe is considered the hub of autoclaved aerated concrete blocks manufacturers. This further has a positive impact on the growth of the cellular concrete market in the region. Asia Pacific is estimated to register the highest CAGR, mainly due to the recent boom in construction activities. India, China, Singapore, and Japan are some of the major countries in the region, contributing to the market growth. Economic growth in APAC has allowed for a greater requirement of commercial and institutional infrastructure spaces. Major players across the world are shifting their production facilities to cater to potential markets in the APAC, due to the availability of ample raw materials and low-cost labor. This has further influenced the growth of the market in the region. Moreover, the Chinese government has issued favorable policies to reduce the proportion of down payment for second house loans and to exempt of sales tax for ordinary housing, which has encouraged the market growth in the region. North America is considered a prominent market for the cellular concrete market due to increasing residential and non-residential construction activities in the region. Industry Updates July 2019: CEMATRIX Corporation has recently announced that the company’s wholly-owned operating subsidiaries MixOnSite USA Inc. and CEMATRIX (Canada) Inc. have secured around $1.1 million in U.S. and new Canadian infrastructure contracts. Competitive Dashboard The players operating in the global cellular concrete market include Xella Group (Germany), Saint Gobain (France), Cematrix (Canada), Cellucrete (U.S.), Laston Italiana S.P.A (Italy), Litebuilt (Australia), Aerix Industries (U.S.), Cellular Concrete Technologies (U.S.), B. G. Shirke Construction Technology Pvt. Ltd (India), ACICO (Kuwait), Conco (U.S.), Broco Industries (Indonesia), CellFill, LLC (U.S.), JK Lakshmi Cement Ltd (India), and Aircrete Europe (Netherlands). 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ Market Research Future (MRFR), in its newly published research report, asserts that the global ceiling tiles industry is thriving and slated to grow exponentially over the review period, recording a substantial market valuation and a healthy 8.2% CAGR in the forecast period.
Drivers and Restraints Increased consumption in Asia is considered one of the driving factors responsible for the growth of the ceiling markets. The market is projected to be driven by increasing commercial construction activities such as office complexes, institutional buildings, and healthcare facilities across the globe. The growing demand for the product with changing consumer lifestyle, growing disposable income, and the need for thermal and acoustic insulation are likely to fuel the growth in application industries. Furthermore, the availability of innovative construction solutions that are durable and require low maintenance is expected to impact the growth favorably. Rising awareness concerning the use of eco-friendly building materials is estimated to propel the green retrofit or renovation activities of existing activities in the construction sector in developed countries from North America and Europe. In addition to this, increasing the adoption of recycling and reuse knowhows by major market players is expected to drive market growth. Segmental Analysis the global market for ceiling tiles has been segmented on the basis of installation types, products, and applications. On the basis of product, the global ceiling tiles market has been segmented as mineral wool, metal, gypsum, wood, and others. Among commodities, mineral wool accounted for the largest market share. Based on installation type, the global ceiling tiles market has been segmented as a drop-in, and glue up. In glue-up, ceiling tiles are attached precisely to the ceiling surface using adhesive. On the basis of applications, the global ceiling tiles market has been bifurcated as residential and non-residential. Non-residential is slated to lead the application segment of the market and is anticipated to grow at the fastest CAGR during the review period. Regional Analysis The geographical analysis of the global market has been conducted in four major regions, including Europe, the Asia Pacific, North America, and the rest of the world (Latin America, the Middle East, and Africa). North America region has accounted for the most significant market share in 2016, followed by Europe and the Asia Pacific. The escalating demand for low maintenance building products is fueling the growth of the market in the North America region. The U.S. is the most substantial contributor in global as well as the North America ceiling tiles market. steady development in commercial and residential structures in the U.S. is anticipated to fuel the demand for the market in the region. Moreover, consumer preference for green buildings and sustained investments in commercial real estate, have also had a positive impact on the expansion of the market. Europe is assessed as the second-largest market for ceiling tiles owing to the Rising repair and rehabilitation activities of existing infrastructure, which have considerable potential for the market in the future. Asia Pacific is slated to grow at the highest CAGR during the forecast period. China, Japan, India, and Singapore are the primary market in the Asia Pacific region. The growing residential and non-residential construction activities in the region is fueling the growth of the market. Furthermore, growing awareness about green construction among consumers is also projected to offer enormous opportunities for market growth. In the rest of the world, the Middle East and Africa region are expected to contribute significantly during the assessment period, mainly due to the changing lifestyle and development of the hotels. This is a result of the growing government initiatives related to the tourism industry in these regions. Competitive Analysis The major market players operating in the global market as identified by MRFR are Knauf (Germany), Armstrong World Industries, Inc. (U.S.), Grenzebach BSH GmbH (Germany), USG Corporation (U.S.), Rockfon (U.S.), Saint Gobain S.A. (France), Decorative Ceiling Tiles, Inc. (U.S.), SAS International (U.K.), VANS Gypsum Pvt Ltd (India), Odenwald Faserplattenwerk GmbH (Germany), Burgess CEP (U.K.)., Hunter Douglas (The Netherlands), and The ReWall Company, LLC (U.S.). 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ The development of asphalt roads and connectivity to places thanks to constant road infrastructural projects has led to high sales of cars. The automotive industry has prioritized on customer safety and has led several efforts into enhancing the efficacy of brakes. Electronic brake systems are an invention which works well with valve modulators and other components to increase brake stoppage time. The global automotive electronic brake system market report by Market Research Future (MRFR) covers trends and novel opportunities which can be insightful for automotive manufacturers.
Market Scope The global automotive electronic brake system market is expected to make inroads at 5.4% CAGR from 2018 to 2023 (forecast period), as per MRFR. High sales of commercial and passenger vehicles is the primary driver of the market. Furthermore, the need for safety measures outlined by governments for customers can be push the demand in the market. Strict government regulations for lowering CO2 emissions is likely to play a major role in the future market scenario. Rising production of electric and hybrid vehicles for meeting renewable energy targets is expected to buttress the trend. Developments of advanced braking systems such as electromagnetic braking system and anti-lock braking (ABS) system are predicted to bear positive fruit for the automotive electronic brake system market. But availability of cheap substitutes may threaten market growth. Segmentation The automotive electronic brake system market is segmented by vehicle type, component, technology, and sales channel. By vehicle type, it is segmented into passenger and commercial vehicles. By component, it is segmented into sensors, actuators, control units, and others. By technology, it is segmented into brake assistance, autonomous emergency braking, electronic stability control, and anti-lock braking systems. By sales channel, it is segmented into OEM and aftermarket. Industry News Advanced Braking Systems – Torque vectoring is a brand-new technology which transfers the engine torque to the front wheels and reducing the need to understeer. This differential has been integrated into all-wheel-drive vehicles and will be particularly useful in tough climes. Prominent manufacturers employing this technology are Mercedes and Jaguar. Furthermore, manufacturers are developing various types of brakes such as wedge and ball screw brakes with regards to changes in car designs. Hybrid and Electric Vehicles – Rising production of electric and hybrid vehicles made feasible due to energy targets of countries and supportive government policies of electric vehicle charging infrastructure is likely to be a new growth opportunity for electronic brake system manufacturers. In 2019, Continental tasted success with its MK C1 brake system which can result in energy savings and reduce carbon emissions. It even passed the Worldwide harmonized light vehicle test procedure (WLTP), a standard for measuring fuel and electricity emissions. Regional Outlook The automotive electronic brake system market covers the latest trends in braking across Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW). Among them, the APAC region is touted to exhibit a robust growth rate during the forecast period due to strict implementation of safety norms in South Korea, Japan, and others. Surge in sales of automotive vehicles, high expendable income levels of customers, and cheap workforce are other factors which can bolster the demand in electronic brake systems. North America held the largest market share in 2017 due to the presence of major automobile manufacturers and high customer awareness levels regarding safety measures. Moreover, governments of the U.S. and Canada have enforced stringent rules to curtail the number of accidents due to climatic conditions and driver sensibilities. Similarly, Europe is expected to generate a major windfall thanks to environmental regulations regarding automotive vehicle production and integration of collision avoidance systems. Key Players Major automotive braking system manufacturers covered in the market report include Haldex AB, Delphi Automotive Plc, Robert Bosch GMBH, Autoliv Inc., Knorr Bremse AG, Wabco Holdings Inc., Continental AG, Advics Group, ZF TRW Automotive, and Denso Corporation. 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ Block paving is fast gaining prominence as an aesthetic solution for surfacing. Several cities are launching plans to revamp various points in cities with block paving as these are long lasting. The global block paving market is gaining substantial lead and is expected to profit with substantial CAGR during the forecast period (2018-2023). Market Research Future (MRFR), in their latest report on the global block paving market, focused on various growth pointers that can be of great use to trigger future progress for the market.
Rapid urbanization, rising disposable income, booming residential sector, easy installation process, aesthetic features, and others are expected to increase the growth probability of the block paving market. However, in driving areas, its installation could create dangerous situations, which could dampen the block paving market’s growth prospect over the review period. Segmentation: MRFR’s analysis of the global block paving market leads to a segmentation that allows a closer look at the market. This segmentation includes material, end-use, and product. Such a segmentation is based on volume-wise and value-wise figures provided by adept analysts. Based on the materials, the block paving market can be segmented into clay, building bricks, and concrete. People look for products that are expected to be long-lasting that is why concrete and brick segments are gaining much leverage. Based on the end-use, the block paving market can be segmented into structural, hardscaping, siding, fireplace, and others. The hardscaping segment is gaining support for various changes in the residential segment’s evolution. The fireplace segment can also be considered as substantial profit provider. Based on the product, the block paving market can be segmented into pavers, glazed clay bricks, and wall block. Among these, glazed clay bricks segment has the maximum market share and pavers come in second in terms of market size. Regional Analysis: Major regions in the global block paving market report, conducted by MRFR, are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Such a region-specific peek into the market is ensures a better perspective and helps in exploring growth pockets to their fullest potential. North America’s growth in the block paving market is much higher than other regions. This has posed the market as the leader of the global market. This is due to the presence of countries like the US, and Canada, where state governments put extra emphasis on beatification of cities to make them more tourist-friendly. Such moves are providing much scope for the regional market growth. On the other hand, high investment capacity and burgeoning construction segment in the region are expected to take the regional market ahead. Europe and the Asia Pacific are next in the line to benefit much from the regional market growth. The aesthetically upgradation process helps Europe in generating much profit. On the other hand, the APAC region is slated to become the fastest growing market by the end of 2023. The regional growth in government initiatives to build up housing projects and transforming sidewalks can be seen as main traction provider. Also, the changing preferences of customers are expected to substantiate the regional block paving market growth. Competitive Landscape: Prominent companies are continuously launching their strategic moves to substantiate their claim in the block paving market. At the same time, they are also helping the global market in attaining unprecedented growth. MRFR listed these companies and profiled them for a better analysis of the global block paving market trends. These companies are Palmetto Corp, McBride Construction, Kilsaran International, Superior Asphalt Inc., Tobermore, Brett Landscaping & Building Products, Marshalls PLC, Premier Pavers and Stone, and Paving Superstore. In July 2019, Glastonbury government decided to pave their sideways Glastonbury Boulevard with block paving and the estimated cost for the project has reached USD 2 million. The project is expected to get complete by 2020. 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ Market Research Future (MRFR) in that latest “Bifold Doors Market” report states that the market is expected to expand at about 5% CAGR and is all set to attain a considerable valuation by 2023.
Market Insights Better insulation, room segregation, and elevated protection of house interiors from the fluctuating external temperatures are other benefits that are offered by bifold doors. Bifold door’s provision for door-walls systems co-exist enhances the aesthetic appeal of interiors. This is the predominating reason that is likely to propel the bifold doors market. Residential buildings, stores and shops, and restaurants are some of the places where bifold doors are deployed. First, the increase in world population is surging the residential construction count. In addition, bifold doors are gaining popularity as a home décor due to the increase in the purchasing power of people. Second, the need for doors that require minimum opening and closing space is high for stores, and are perfect replacement for doors. Hence, bifold doors are heavily deployed in shops and stores. Third, as bifold doors enhance the aesthetic appeal of the interiors, in restaurants they play a significant role in attracting customers. These factors are expected to gain immense traction for the worldwide market of bifold doors. Moreover, the demand for bifold doors is driven by increase in need for doors that offer better insulation and heat retention. As bifold doors require minimums space, and have consolidated door-wall system, its market is expected to boom in the years to come. However, the high cost of these doors due to the folding mechanism is excepted to hinder the market expansion. In addition, the high installation cost of bifold doors, higher attention while installation, and the complexity of setting do-it-yourself users are other factors that are expected to interfere the market expansion. Segmental Overview The worldwide market of bifold doors is segmented by material type and application. By material, the market is segmented into wood, PVC, aluminum, and others. The growing inclination of people towards home décor with greater aesthetic appeal is surging the use of wood for bifold doors. Aluminum is often used as fabrication material for bifold doors due the abundance of the metal. PVC is noted to be the material of choice for the making of bifold doors due to its better performance. These factors are expected to promote the market growth. By application, the market is segmented into residential and non-residential. The growing need for bifold doors in residential space, followed by business set-ups, is expected to spur the market growth. Regional Outlook The bifold Asia Pacific market is expected to grow at a quick pace in the review years. The regional market is expected to hold a considerable portion of the market. The building & construction industry in the APAC region is witnessing an outstanding growth. Alongside, an increase in the number of supportive policies from the government and stringent real-estate project approval regulations in developing economies, such as China, Indonesia, and India are likely to boost the global bifold market growth. Quick-paced urban migration is triggering the need for expanding both residential and commercial spaces. And, escalation in the disposable income of people in the APAC countries is meeting the rising need to meet the aesthetic values in construction, as the demand for bifold doors in the interiors rises. Key Players MRFR listed some of the renowned companies that are operating in the global bifold doors market. They are; JELD-WEN Inc., Andersen Corporation, Ply Gem Industries Inc., Pella Corporation, Cascade Windows Inc., Associated Windows & Conservatories, AG Millworks, AWM Building Maintenance Ltd., ATIS Group, and Brennan Enterprises Inc. 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ The global automotive flywheel market is exhibiting considerable growth. The increased manufacture of vehicles at a global level from the past few years has propelled the global flywheel market 2020 . The demand for commercial automobiles is majorly driven by increasing industrialization and expanding the service sector. Increasing demand for several elements such as aesthetics and safety, comfort and perpetual betterment of technology is the major reason for the growth of the automotive flywheel market. For enhancement of comfort factors i.e. the lessening of produced vibration within the transmission assembly, the manufacturers have innovated several technologies. The increasing demand for consumer choice for comfort in the automobiles sector is due to the increased purchasing power of people will further help in propelling the global automotive flywheel market. Technological advancement such as a reduction in weight by utilizing several materials will be a significant element driving the flywheel market.
There is fierce competition amongst the flywheel manufacturers, which plays an important role in the expansion of the flywheel market as manufacturers perpetually pay attention to evolving different characteristics to make their products unique and match the weight, transmission and speed requirements of automotive manufacturers. The increasing penetration of semi-automatic systems globally such as AMT and DCT (Automated Manual Transmission and Dual Clutch Transmission respectively) is estimated to propel the flywheel market during the review period. Global Automotive Flywheel Market Segmentation The global automotive flywheel market can be classified on the basis of material, type, transmission, vehicle type, sales channel, and region. On the basis of material, the market can be classified into maraging steel and aluminum, cast iron, and aluminum alloys. On the basis of type, the market can be classified into the dual-mass flywheel and single-mass flywheel. On the basis of transmission, the market can be classified into manual transmission, automatic transmission, and semi-automatic transmission. On the basis of vehicle type, the market has been classified into light commercial vehicles, passenger vehicles, and heavy commercial vehicles. On the basis of the sales channel, the market has been classified into aftermarket and OEM. On the basis of region, the global automotive flywheel market can be classified into North America, Asia Pacific, Europe and the Rest of the World (RoW). Among all, the APAC region is estimated to acquire the maximum market share throughout the review period. Global Automotive Flywheel Market Segmentation In terms of region, the global market for the automotive flywheel is classified into Europe, North America, Asia-Pacific and the Rest of the World (RoW). Among all the regions, Asia Pacific is likely to seize the highest revenue market share and is estimated to lead during the forecast period. Owing to the presence of nations like Japan, China, and India, where the sales of vehicles have been increasing because of the increased urbanization and increasing purchase of consumers has further affected the market for flywheels in this region. Constant advancement in technology for the lessening of the weight of flywheels will further aid in expanding the APAC market. The European market is estimated to be driven by the consumer preference for the automotive flywheel market. The North American market is likely to acquire the second-highest revenue market share and continue to flourish during the review period. Global Automotive Flywheel Key Players The most crucial entities in the global flywheel market comprise of Schaeffler AG (Germany), AISIN SEIKI Co., Ltd (Japan), American Axle & Manufacturing, Inc. (the US), Linamar Corporation (Canada), Valeo SA (France), ZF Friedrichshafen AG (Germany), LUTHRA INDUSTRIAL CORP (India), Ford Motor Company (US), and Skyway Precision, Inc. (the US), Iljin (Korea). 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ The global airless tire market 2020 has progressed significantly over the years and is currently exhibiting signs of achieving a decent growth rate of 9% during the forecast period (2019-2023), according to Market Research Future (MRFR).
Market Boosters and Top Restraints Increasing popularity of heavy commercial, as well as off-road vehicles and high deployment in the military sector, mostly developed nations of North America, has fueled the growth of the airless tires market in recent years. Accelerated demand for utility vehicles like golf carts, lawnmowers, etc., will also boost the revenue generation in the near future for airless tires. Currently, non-pneumatic tires are produced with the use of recyclable plastic or rubber, which makes them eco-friendly and raises their demand in the market. Also, the provision of several benefits including puncture-proof, rugged applications and durability can solidify the market penetration across the globe. Governments in various regions are focusing on the agricultural sector, which has ramped up the demand for agricultural machinery, leading to high demand as well as the production of airless tires. Manufacturers are constantly working on developing technologically advanced airless tires that can boost their demand and sales in the market. Market Segmentation The global market for airless tires has been studied extensively with respect to segments like type, vehicle, material, size, and sales channel. With regard to type, the market has been considered for radial and bias tires. More and more airless tire manufacturers are striving for higher production of radial tires, which is backing the substantial revenue generation in the market. The high production is the result of the product’s strong demand as radial tires offer numerous benefits like higher flexibility, better shock-absorbing ability, enhanced strength and lesser fuel consumption among others. The vehicle-based segments are HCVs, LCVs, Terrain Vehicles, Military vehicles, Two-wheelers and Utility vehicles. High deployment of airless tires in HCV has boosted the market demand at a significant rate. Also, growing infrastructure and construction activities across the globe stimulate the demand for airless tires as these can be used for rugged activities and are able to carry substantial weight. The market has been segmented into rubber and plastics, in terms of material type. Factors like better traction, durability, greater handling, high productivity fuel consumption, and riding comfort have driven the demand for rubber in the market. Depending on the tire sizes, the 21”-25” tires segment can gain high traction among LCVs and HCVs, which makes it the leading segment in the market. The sales channels are OEMs and aftermarket. OEMs are poised to be the top segment in the years ahead, on account of the rising focus of manufacturers on the process of maintaining the safety standards. Regional Analysis The airless tire industry has been regionally split into North America, Europe, Asia-Pacific, and The Rest of the World (RoW). North America shows the most promise and can bag the leading position in the global automotive airless tires market during in the given timeframe. Fast-paced adoption of advanced tires, especially in the United States (US), combined with the rising integration of advanced technologies in premium cars can boost the market growth for airless tires in the future. Europe can be a highly robust market for airless tires during the conjectured timeframe, thanks to the strict regulations implemented by the European Commission pertaining to driver’s safety as well as convenience while driving. Moreover, the emergence of low-cost chip embedded non-pneumatic tires within advanced vehicles that elevate the safety level can also escalate the growth of the regional market demand in subsequent years. Mounting demand for automotive in APAC has resulted in massive increment in automotive industries across countries like Japan, South Korea and China. The region exhibits decent growth prospects, on the back of the rising production of military and commercial vehicles that make extensive use of airless tires. The presence of prominent manufacturers also induces revenue growth in the region. Also, the rising use of airless tires bikes among the people in the region can lead to vigorous market growth in the following years. Top Players Top companies that are striving to expand their customer base in the global airless market are Hankook Tire (South Korea), Toyo Tire & Rubber Co. Ltd. (Japan), Tannus Ltd. (Korea), Sunitomo Rubber Industries (Japan), Bridgestone Corporation (Japan), Michelin (France), Pirelli (US), Cooper Tire (US), Amerityre Corporation (US), The Goodyear Tire & Rubber Company (US), to name a few. 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ 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. Follow Our LinkedIn Page: https://www.linkedin.com/showcase/ict-mrfr/ |