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Showing posts from June, 2020

What would be the demand for the plastics for electric vehicle at region/ country level?

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The Plastic for Electric Vehicle Market is projected to grow at a CAGR of 26.9% to reach a market size of USD 2,621 million by 2025 from 797 million in 2020. The stringent emission standards coupled with automakers focus on weight reduction is driving the demand of plastics in electric vehicles. Additionally, the OEMs inclination towards thermally stable plastics is further anticipated to drive the demand of plastic in electric vehicles. To cater OEM demands, the plastic suppliers are developing plastics for electric vehicles which are efficient and lighter in weight. These developments are mainly focused on light weight and high tensile strength of the platsic. For instance, BASF presented prototypes of the world's first particle foam based on polyethersulfone (PESU). The foam is characterized by its unique combination of properties like high-temperature resistance, inherent flame retardancy, and its extreme light weight, great stiffness and strength. It is therefore

What would be the impact of COVID-19 on the automotive software market?

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The global Automotive Software Market size is projected to reach USD 37.0 billion by 2025 from USD 16.9 b illion in 2020, at a CAGR of 16.9%. The growth of the market is driven by upcoming safety regulations, increase in demand for vehicle management and fuel-efficient vehicles. Increasing focus on active safety systems and car assessment programs would drive the demand for ECUs in modern vehicles. Increasing number of ECUs will drive the market for automotive software. The increasing number of accidents due to distraction and alcohol-impaired driving fatalities has become a major concern for lawmakers. In 2018, out of total 36,560 fatalities in the US, 10,511 were alcohol-impaired. Distraction affected fatalities reached 2,841 in the US in 2018, accounting for 7.8% of the total casualties for the year. Such instances have sparked the demand for advanced safety features such as driver monitoring systems, automatic emergency braking, lane departure warning, and many others. In a

What would be the regional demand for automotive piston during the forecast years?

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The global Automotive Piston Market size is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Demand for high-pressure GDI pistons, lightweight piston components, and passenger car gasoline engines would drive the global automotive piston industry.   With the engine downsizing and turbocharging, the popularity of gasoline direct injection (GDI) is increasing. GDI is being considered as one of the key components for fulfilling future emission standards. Therefore, with GDI becoming popular, the demand for high-pressure GDI pistons is expected in the automotive piston market. Globally the automotive industry is driven by legislation to reduce emissions & increase fuel efficiency. With decreased limits of pollutants in upcoming emission regulations, OEMs are working on vehicle light-weighting. In this regard, a shift from iron engine blocks to aluminum engine blocks is one of the approaches being adopted. Owing to their lig

Semi-Autonomous & Autonomous Bus Market by Level of Automation, Propulsion - Global Forecast to 2030

The global Semi-Autonomous Bus Market size is projected to reach 71,682 units by 2025, from an estimated 23,613 units in 2020, at a CAGR of 24.9%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. The semi-autonomous bus sector has witnessed rapid evolution as governments across the world are regulating advanced safety features such as AEB and BSD, and OEMs are offering buses with modern driver-assist features . The global autonomous bus market size is projected to reach USD 2,773 million by 2030, from USD 791 million in 2024, at a CAGR of 23.2%. The forecast period is from 2024 to 2030. The autonomous bus technology is the evolution in the public transport industry, as it could be a viable solution to daily commuting and public transit gaps. Also, after the global pandemic of COVID-19, many OEMs and technology companies will be looking to develop small autonomous shuttles with less seating capacity to avoid crowded bus operations. OEMs wo

COVID-19 Impact on EV and EV Infrastructure Market - Global Forecast to 2021

Post COVID-19, the global Electric Vehicle and Electric Vehicle Infrastructure Market size is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1%. The projection for 2021 is expected to be down by 34% as compared to pre-COVID estimation. The the growing trend of greener transport is the primary factor responsible for the expected advancements in this market. Electric vehicles, including BEVs, PHEVs, and FCEVs, are expected to play a major role in the future to achieve the emission targets for different countries and de-carbonization of transportation systems around the world. OEMs worldwide are investing heavily in research & testing applications leading to continuous advancements in electric vehicles and charging solutions . Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181970499 On the other hand, factors such as disruptions in the supply chain of components and automobi

What is the latest technology or innovation in the field of cylinder deactivation system?

The report  “ Cylinder Deactivation System Market  by Component, No. of Cylinders (4 & 6 and Above), Valve Actuation Method (Overhead Camshaft & Pushrod Design), Fuel Type (Gasoline & Diesel), Vehicle Type (Passenger Vehicle & LCV), and Region – Global Forecast to 2025″ , The global cylinder deactivation system market is projected to grow at a CAGR of 1.9%, to reach USD 5.1 billion by 2025 from an estimated USD 4.6 billion in 2020. Factors such as increasing stringency of vehicle emission and fuel economy norms and increasing adoption of light commercial vehicles would drive the growth of the market. By valve actuation method: Overhead cam design is the fastest-growing segment of the cylinder deactivation system market during the forecast period The overhead cam design of valve actuation is preferred to pushrod design. Thus, the market for overhead cam design is expected to grow at a rapid pace during the forecast period. The overhead cam design has a mechani

What is the market size of the side view camera system?

The report  “ Side View Camera System Market  by Camera Type (Single Camera & Multi-Camera), Component (Camera, ECU, and Display), Vehicle (Passenger Car & Commercial Vehicle), and Region (Asia Pacific, Europe, North America and RoW) – Global Forecast to 2027″  The global side view camera system market is projected to grow from USD 2 million in 2020 to USD 388 million by 2027, at a CAGR of 112.0%. The increasing luxury vehicle production drives the growth of the side view camera system market, focus on increasing vehicle safety and increasing the adoption of advanced electronic components in vehicles. Passenger car is expected to be the largest market The passenger car segment is expected to be the largest market during the forecast period. Passenger cars constitute the largest segment of the side view camera system market. Early adoption of side view camera systems in the premium passenger cars would result in increasing demand for side view camera systems for passe

What is the market size of the powertrain sensor market?

The global Powertrain Sensor Market is projected to grow at a CAGR of 2.8% to reach USD 24.7 billion by 2027, from an estimated USD 19.8 billion in 2019. Increasing adoption of powertrain sensors required for better fuel economy and decrease in carbon emissions are the primary enablers for the growth of the powertrain sensor market. However, decreasing price of powertrain sensors would restrain the growth of the powertrain sensor market during the forecast period. Key Market Players The major powertrain sensor market players include Bosch (Germany), Continental (Germany), Denso Corporation (Japan), Hella (Germany) Texas Instruments (US), and Aptiv (UK), among others. These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements. Critical Questions:

What is the market size of the automotive relay market?

The Automotive Relay Market is projected to grow to USD 21.8 billion by 2027 from USD 14.2 billion in 2019, at a CAGR of 5.5%. The automotive relay market is driven by growing end-user industries such as construction & infrastructure, mining, wind & energy, and heavy engineering. Frequently Asked Questions (FAQ): Q. What is the market size of the automotive relay market? A. The automotive relay market is projected to grow to USD 21.8 billion by 2027 from USD 14.2 billion in 2019, at a CAGR of 5.5%. Q. Who are the top players in the automotive relay market? What are their organic & inorganic strategies? A. Some of the key players in the automotive relay market are TE Connectivity (Switzerland), Omron Corporation (Japan), Panasonic (Japan), HELLA KGAA HUECK & CO. (Germany), and Fujitsu (Japan). These companies have adopted strategies such as new product developments and collaborations to sustain their market position. Q. How will 48V architecture impact th

WHAT IS THE MARKET SIZE OF THE GLOBAL ELECTRIC VEHICLES CHARGING STATIONS MARKET?

The report  " Electric Vehicle Charging Stations Market  by Charging Level (Level 1, Level 2 & Level 3), Application (Public & Private), Charging Infrastructure, Electric Bus Charging, Installation (Portable Charger & Fixed Charger), Charging Station type & Region - Global Forecast to 2027" , The global electric vehicle charging stations market is projected to grow from USD 2.5 billion in 2019 to reach USD 27.6 billion by 2027, at a CAGR of 34.7% during the forecast period. The growth of electric vehicle charging market is influenced by factors such as the growing demand for electric vehicles and the growing sensitivity of various governments toward a cleaner environment. Technological advancements in electric vehicle charging and enhanced range of distance covered by electric vehicles are some of the major factors driving the growth of electric vehicles. These vehicles require the installation of efficient charging infrastructure. Thus, the electric ve