Yash Singh

Market Research Analyst - Automotive and Transportation | P&S Market Research

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The government financial incentives such as subsidies and tax rebates on the purchase of electric ca

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NEW YORK, July 24, 2018-- According to the market research report published by P&S Intelligence, the Indian gasoline scooter and motorcycle market is projected to reach $42.4 billion by 2025. The growth ...

NEW YORK, July 24, 2018-- According to the market research report published by P&S Intelligence, the Indian gasoline scooter and motorcycle market is projected to reach $42.4 billion by 2025. The growth ...

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Global Automotive Auto Dimming Mirror Market - Size, Share, Development, Growth, and Demand Forecast to 2023

The global automotive auto dimming mirror market is expected to see substantial growth in the coming years due to increasing concerns for passenger safety, rise in production of passenger cars, and increasing demand for luxury features in passenger cars. This integration of safety features in vehicles is expected to drive the automotive auto dimming mirror market during the forecast period.

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On the basis of type, the global automotive auto dimming mirror market is segmented into connected and non-connected dimming mirror. Of the two, connected dimming mirror is expected to witness faster growth during the forecast period, due to incorporation of features such as Bluetooth connectivity, travel calculation, weather condition, navigation and temperature display.

On the basis of vehicle type, the automotive auto dimming mirror market is bifurcated into passenger car (PC) and light commercial vehicle (LCV). PC is expected to be the largest category during the forecast period, owing to its high demand coming in from emerging economies such as India and China.

On the basis of application, automotive auto dimming mirror market is categorized into inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM). IRVM is expected to hold the largest share in the industry during the forecast period, owing to its extensive usage in automobiles coupled with additional safety features incorporated in them, such as weather condition, navigation, temperature display etc.

Globally, Asia-Pacific has been the largest automotive auto dimming mirror market till now. The increasing vehicle sales, especially of passenger cars in countries such as China and India, are expected to benefit the market. In addition, the shift in preference of customers from car mileage to advanced safety features is another factor driving the growth of the market in this region.

Automotive Auto Dimming Mirror Market Dynamics

Drivers

As safety has become the prime concern of vehicle buyers, technological advancements in driver assistance system is a major factor driving the growth of automotive auto dimming mirror market. Driver assistance systems are continuously evolving over the past few years in order to provide more safety features to the drivers and passengers. Vehicle manufacturers and original equipment manufacturers (OEMs) are incorporating various features to augment the safety and ease of drivers which is leading to increased adoption of these mirrors.

Restraints

The growing use of display-based systems, such as thermographic camera as mirror to enhance safety is a major factor restraining the growth of these mirrors in the automotive industry. In addition, high installation cost, and operational and functional issues related to these mirrors are some of the other major restraints affecting the automotive auto dimming mirror market.

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Automotive Auto Dimming Mirror Market Competitive Landscape

The market is characterized by the presence of a considerable number of automotive auto dimming mirror manufacturers, and the competition among them is fierce. One of the major players in the industry is Gentax Corporation. The company manufactures and sells auto dimming mirrors and camera-based driver assistance systems for automobiles. The company supplies mirrors to several automotive companies including Ford Motor Company, Audi AG, Fiat Chrysler Automobiles NV, BMW Group, General Motors, and Rolls-Royce Holding PLC.

The other leading players in the industry include Samvardhana Motherson Reflectec Group Holdings Limited, Ficosa International, S.A., MURAKAMI CORPORATION, Magna International Inc., ICHIKOH INDUSTRIES, LTD., and Konview Electronics Corporation Limited.

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The global automotive air suspension system market was valued at $4,963.6 million in 2015, and it is

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Global CNG and LPG Vehicle Market Size, Share, Development, Growth and Demand Forecast to 2022

The global CNG and LPG market was valued at 45,952.4 thousand units in 2015, and it is expected to grow at a CAGR of 10.1% during 2016 - 2022. Increasing population and urbanization, growing demand for passenger and commercial vehicles mainly in developing economies, and stringent emission control norms across the globe are expected to drive the demand for CNG and LPG vehicles over the forecast period.

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Europe was the largest market for CNG and LPG vehicles in 2015. The major reason for the growth of the market in Europe includes high cost for diesel and stringent regulation by EU for low emission across the Europe. CNG and LPG vehicle market in South America is expected to increase at a significant rate, driven by growing automotive industry and increasing infrastructure for CNG and LPG fueling stations.

The information and data in the publication “Global CNG and LPG Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up and top down approach has been used to calculate the market size. 

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GLOBAL CNG AND LPG VEHICLE MARKET SEGMENTATION

By Fuel Type

LPG

CNG

By Vehicle Type

Passenger Car

Light & Heavy Duty Trucks

Bus

GEOGRAPHICAL SEGMENTATION

Europe

Asia-Pacific

South America

Middle East and Africa (MEA)

North America

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Global Adaptive Cruise Control Market Witness 18.3% CAGR During 2017 – 2023

As per the research, the global adaptive cruise control market high is likely to grow from $4,767.0 million in 2016 to $15,290.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of India, China, Brazil is generating significant demand for vehicle fitted with adaptive cruise control. Increasing number of road accident and awareness to safety systems is also driving the market.  

Vehicle safety regulations and initiatives by various associations and trade unions are backing the increasing installations of adaptive cruise control (ACC) systems in vehicles. Governments and associations across the globe have been increasingly formulating multi-dimensional policies toward vehicle and passenger safety, increasing fuel efficiency and improving overall performance of the vehicle.

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As per the findings of research, the global adaptive cruise control market has been segmented into technology, application, end-use and region. In 2016, radar segment accounted for the largest share in global adaptive cruise control market and garnered 33.7% share in the global market. On the other hand, lidar segment is expected to witness the fastest growth in the global adaptive cruise control market.

The major factors driving the growth of the radar and lidar is increasing adoption of adaptive cruise control system in passenger car and commercial vehicles. Passenger cars is the dominating segment in the adaptive cruise control market.

Merger and acquisition and strategic partnerships have been the major recent developments in the global adaptive cruise control market. For instance, Delphi Automotive PLC acquired Movimento, one of the leading supplier of Over-the-Air (OTA) software and data management systems for the automotive industry in Jan 2017. The acquisition of Movimento will strengthen Delphi’s presence in the vehicle connectivity market. Prior to this in Oct 2016, Denso Corporation and Toshiba Corporation entered in a partnership agreement to develop an artificial intelligence technology called Deep Neural Network-Intellectual Property (DNN-IP).

The new technology will use in image recognition systems which was earlier developed by companies individually to expand their presence in the advanced driver assistance system market. Earlier in Jan 2016, Magna International acquired one of Getrag Group of Companies. Getrag is a one of the leading suppliers of vehicle transmission systems. Magna completed the deal at the purchase price, which was $1.9 billion. Getrag serves all the major automotive giants such as BMW, Audi, Jiangling Motors, Ford, Volvo and Dongfeng.

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Global Electric Dryer Market - Growth and Development Forecast to 2023

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Asia-Pacific Industry Insights in Electric Scooters and Motorcycles Market - Demand and Forecast, 2013-2025

The growth of the market is majorly driven by the rising urbanization in the growing economies of the APAC region such as India and China, the increasing demand for the means of transport in small cities in the APAC region, and the growing environmental concern and awareness.

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On the basis of battery type, the APAC electric scooters and motorcycles market is segmented into sealed lead acid (SLA) and lithium-ion (Li-ion) batteries. Among these, the volume sales of the SLA category accounted for a larger share, accounting for 85% contribution in 2017. However, the Li-ion category is expected to grow at a faster rate when compared to the SLA category during the forecast period, owing to their light weight and longer expected life.

On the basis of technology, the APAC electric scooters and motorcycles market is segmented into plug-in and battery types. Among these, the plug-in category recorded higher sales by volume, accounting for more than 90% share in the market in 2017. The category is expected to continue its dominance in terms of size against the battery category during the forecast period as well, owing to ease of convenience and the lack of battery swapping infrastructure in the region.

Governments of various countries in the region have been trying to raise awareness among the masses to adopt eco-friendly means of transport (electric, and hybrid-electric) through their awareness programs and initiatives..

Some of the key players in the APAC electric scooters and motorcycles market are Yadea Group Holdings Ltd., AIMA Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Dongguan Tailing Electric Vehicle Co. Ltd., and VMOTO Limited.

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Global Airborne Detection Systems for Submarines Market Size, Share, Development, Growth, and Demand Forecast, 2016–2023

The market growth is primarily driven by increasing defense budget coupled with the growing number of conflicts among countries sharing sea borders. Countries, across the globe, are focusing on their defense programs and increasing their defense budget for the procurement of warfare equipment.

On the basis of type, the airborne detection systems for submarines market has been categorized into sonobuoys, dipping sonars, radars, magnetic anomaly detection (MAD) systems. Sonobuoys are estimated to hold the largest share, of 40.0%, in the market in 2017 and are expected to continue dominating the market during the forecast period as well.

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Globally, North America is estimated to hold the largest share in the airborne detection systems for submarines market in 2017, with the U.S. contributing a significant share to the market. This can be attributed to the fact that some of major manufacturers of airborne detection systems meant for submarines are based in the North American region.

With the growing focus of countries, across the world, on anti-submarine warfare (ASW) capabilities, North American countries, such as the U.S. and Canada, too are increasingly working toward enhancing their defense competency with the development and adoption of advanced detection solutions, such as airborne detection systems for submarines.

Companies in the airborne detection systems for submarines market are taking strategic measures to gain more share in the market. These strategic moves include mergers and acquisitions, business expansions, and partnerships. Ultra Electronics Holdings plc is one of the largest manufacturers in the world that supply airborne detection systems for submarines to the U.S. Department of Defense (DoD) and its allies.

Some of the other major players operating in the global airborne detection systems for submarines industry are L3 Ocean systems, ATLAS ELEKTRONIK GmbH, BAE Systems plc, Saab AB, Raytheon Company, Thales Group, Northrop Grumman Corporation, Lockheed Martin Corporation, Kongsberg Gruppen ASA, and General Dynamics Corporation.

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Global Market include High Maintenance Cost of Reefer Containers - Get Complete Industry Insights

The increasing containerization is anticipated to fuel the reefer container market growth in the future. The adoption of containers for transportation, as compared to the conventional methods of packing goods directly onto ships, is another factor expected to fuel the growth of the global reefer containers market during the forecast period. The introduction of vessel sharing programs is a major trend observed in the global reefer container market. In May 2015, Maersk Line entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.

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One of the major factors driving the growth of the global reefer container market is the continuous development of seaborne trade in the world. The manufacturers are focusing on technological advancements by introducing high tech versions of containers. The new “smart” containers have been made capable to report problems, such as temperature deviation or shocks from improper handling. Another major growth driver of the global reefer container market is the bigger size of reefer containers that transport delicate commodities.

However, some of the restraints in the global market include high maintenance cost of reefer containers and the high capital-intensive business. However, the slower economic growth in countries such as China and several European countries is expected to obstruct the growth of the global reefer containers market during the forecast period. The maintenance cost of reefer containers is very high due to the relatively high value of scrap because of the increasing steel prices in the world.

Dong Fang International Asset Management Ltd., W&K Container Inc., Maersk Container Industry A/S, TLS Offshore Containers International, SEA BOX Inc., CXIC GROUP CONTAINERS COMPANY LIMITED are some of the competitors in the global reefer container market. Due to the increased demand for more cold storage facilities, the leading cold chain companies are looking for economical and efficient methods for safe transportation of products.

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Factors Driving the Growth of the Automatic Self-Piercing Rivets Market

As per the research, the global market for automatic self-piercing rivets is likely to grow from 8.1 billion units in 2015 to 45.0 billion units by 2022. With the growth in lightweight vehicles segment and the increasing use of aluminium in the vehicle manufacturing process, the global automatic self-piercing rivets market is gaining traction. The automatic self-piercing rivets market is emerging and are widely used across various vehicle segments such as luxury, cross overs and hatchback.

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Europe accounted for the largest region in the global automatic self-piercing rivets market, where Germany contributed to the largest revenue. The U.S. was the major market in North America, whereas China contributed to the largest revenue in Asia-Pacific region. Rest of the World included Brazil as the largest market and Iran, South Africa and rest of Latin American, and Middle-East and African countries.

Europe accounted for the largest region in the global automatic self-piercing rivets market, where Germany contributed to the largest revenue. The U.S. was the major market in North America, whereas China contributed to the largest revenue in Asia-Pacific region. Rest of the World included Brazil as the largest market and Iran, South Africa and rest of Latin American, and Middle-East and African countries.

The research states that the global market for automatic self-piercing rivets had a consolidated structure in 2015, where the top three competitors accounted for a major share of the global market. Some of the key players in the global automatic self-piercing rivets market include Henrob Ltd, STANLEY Engineered Fastening, Wilhelm Bollhoff GmbH und Co. KG, TOX PRESSOTECHNIK GmbH & Co.KG, Richard Bergner Holding GmbH & Co. KG and ECKOLD AG.

Product launches and acquisitions have been the major recent developments in the global market for automatic self-piercing rivets. Stanley Engineered Fastening and Wilhelm Bollhoff GmbH und Co. KG are some of the companies that recently introduced new automatic self-piercing rivets solutions. Atlas Copco had made strategic acquisitions to expand their product portfolio in the automatic self-piercing rivets business.  

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Know Complete Industry Insights - IoT in Automobile is Major Growth Factor for Connected Car Market

Connected car market size is projected to crosss $329.3 billion by 2023, led by rapid adoption of IoT and adjacent technologies in the automobile industry. Connected car in this report refers to a vehicle that is capable of optimizing its own operations and maintenance as well as the convenience and comfort of passengers using sensors which are generally on-board and have continuous connectivity to the internet. The connectivity with network allows connected car to share content with various devices and applications inside as well as outside a vehicle’s environment.

As per the findings of research, fleet manager was the highest revenue generating product category in the global market, accounting for more than 40% in 2016. 

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In terms of application, the market is bifurcated into navigation, infotainment, and telematics, where navigation stood as the largest application area of connected cars. Navigation is also expected to be the fastest growing application of connected cars in the years to come. Connected cars are now being transformed from a simple automobile concept to advanced automotive technology in a relatively short time span.

All major automotive manufacturers across the globe, are now concentrating on developing and implementing the connected car concept into their vehicles. Over half of the connected car industry revenue in 2023 is expected to come from integrated solutions. During the forecast period, embedded will remain the second preferred connectivity solution among connected car consumers.

Introduction of internet of things (IoT) in automobile is another factor which is driving the market worldwide and presenting completely new options to the legacy concept of a car. The introduction of IoT is behind the overall growth of the global connected car market. With the rapid ongoing adoption of IoT and its adjacent technologies, the automotive industry is becoming a winner of IoT services among all industries. 

Further, companies operating in the advanced automotive sector, with the help of IoT, are offering a heap of plug-and-play connected components that rationalize the growth of connected car applications by periods and ensure seamless integration between the different components of connected car within a protected cloud environment.

Some of the major players operating in this market are Telefonica S.A., Google Inc., Bayerische Motoren Werke (BMW) Group, AT&T Inc., Intel Corporation, IBM Corporation, and Vodafone Group Plc.