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Showing posts from February, 2021

Electronic Logging Device Market to Witness Astonishing Growth by 2025

  The report  “ Electronic Logging Device Market  by Component (Display, Telematics unit), Form factor (Embedded, Integrated), New & Aftermarket Service (Entry Level, Intermediate, High-End), Vehicle Type (Truck, Bus, LCV), and Region – Global Forecast to 2025″ , The Electronic Logging Device Market is estimated to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025, at a CAGR of 4.13%. A growing need for operational efficiency in fleet-owning organizations will play a crucial role in the electronic logging device market. In addition to that, upcoming as well as existing mandates related to electronic logging devices are projected to drive the electronic logging device market. The intermediate service type is expected to be the largest market for electronic logging device market, by service type ” Intermediate services are the service package that includes entry-level services along with some add-on services. The add-on services include ELD compliance

Body Control Module Market to Witness Astonishing Growth by 2027

  The report  “ Body Control Module Market  by Functionality (High End & Low End), Component (Hardware & Software), MCU Bit Size (8 bit, 16 bit & 32 bit), Communication Protocol, Power Distribution Component, Vehicle, Electric Vehicle, and Region – Global Forecast to 2027″  The global body control module market is projected to grow at a CAGR of 2.6% to reach USD 35.7 billion by 2027 from an estimated USD 29.2 billion in 2019. The major factors driving the growth of the market are the advent of body control functions in the vehicle and increasing sales of luxury vehicle. By Functionality: High-end BCM is the fastest-growing segment of the body control module market during the forecast period High-end BCM are installed with higher configuration microcontroller and other hardware component making it capable of handling complex body control functions. These features makes it preferred choice for OEM for their high-end variants of vehicle models. People nowadays are preferri

EV Battery Market – Analysis with Ongoing Trends & Market Revenue

  The global EV Battery Market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. The base year for the report is 2020, and the forecast period is from 2021 to 2025. With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry focuses on efficiency, emission-free propulsion, and innovative technologies. The increasing adoption of electric vehicles and improved charging infrastructure (in terms of network, charging technologies, and capacity) in countries is expected to boost the EV battery market in the coming years. In the EV battery market, by material type , the lithium segment is expected to capture the largest market share during the forecast period. This can be attributed due to the use of lithium as a material in batteries undergoes several developments and supply contracts, which adds to its high penetration in the market. Panasonic is one of the major players in this ma

Automotive Differential Market- Growth, Trends, and Forecast (2020 - 2025)

  The  Automotive Differential Market  size, by value, is estimated to be USD 18.4 billion in 2020 and is projected to reach USD 23.2 billion by 2025, at a CAGR of 4.7% from 2020 to 2025. However, halt in vehicle production across the globe have impacted the automotive differential market. Despite this, owing to increase installation of automotive electronics and increasing demand for comfort features in vehicles the market is expected to recover in the last quarter of 2020. The automotive differential market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production. The increase in demand for light commercial and heavy commercial vehicles, increasing investment in infrastructure post COVID-19 pandemic is expected to boost the demand for construction equipment, and hence, the differential has led to the growth of the automotive differential market. The decreased emission limits and increased fuel efficiency limits have fueled the demand for hybrid vehicl

Automotive Engine Management System Market to Witness Astonishing Growth by 2025

  The  Automotive Engine Management System Market  is projected to grow to USD 63.2 billion by 2025 from USD 58.8 billion in 2020, at a CAGR of 1.5% during the forecast period. The demand for engine management system is primarily driven by stringent emission norms, coupled with increasing vehicle production. The engine management system industry is expected to be positively impacted by growing vehicle production across the globe as every ICE engine equipped vehicle is equipped with engine management system. The decreased emission limits and increased demand for fuel efficiency requirements have increased the focus on improvement in engine performance, which, in turn, is expected to have a significant impact on the global automotive engine management system market. For instance, Diesel passenger cars which emit more NOx as compare to gasoline powered vehicle will be witness drop in production owing to fleet level emission standards by the various governments. Hence, growth in gasoline

Electric Vehicle Charging Station to Witness Astonishing Growth by 2027

  The global  Electric Vehicle Charging Station Market  size is projected to reach 30,758 thousand units by 2027, from an estimated 2,115 thousand units in 2020, at a CAGR of 46.6%. The base year for the report is 2019, and the forecast period is from 2020 to 2027. Factors such as growing demand for energy-efficient commuting and governments supporting electric Electric vehicles and Electric Vehicle charging station through subsidies & tax rebates have compelled Vehicle Manufacturers to invest into EV which has further increased demand for EV charging stations. The electric vehicle charging station market has promising growth potential due to several factors, including the growing demand for EV’s in the market, government’s support for growth in charging infrastructure, plans to reduce fossil fuel vehicles across many countries across the world etc. The rapidly growing sales volume of Electric Vehicles in Asia Pacific, especially in China has propelled the growth of the global el

Global In-Vehicle Infotainment Market Competitive Analysis with Growth Forecast Till 2027

  The report  “ In-vehicle Infotainment Market  by Component (Display unit, Control Panel, TCU, HUD), OS (Linux, QNX, MS, Others), Service (Entertainment, Navigation, e-call, Diagnostics), Connectivity, Form, Location, Vehicle Type, Region – Global Forecast to 2027″  The global in-vehicle infotainment market is projected to reach USD 54.8 billion by 2027 from an estimated USD 24.3 billion in 2019, at a CAGR of 10.7% The growth of the global in-vehicle infotainment market is influenced by factors such as increasing demand for luxury, comfort, and convenience, coupled with the government initiatives for the safety and security of the passengers. Therefore, the in-vehicle infotainment market is expected to witness significant growth in the future. 5G connectivity is expected to grow at the fastest CAGR The in-vehicle infotainment ecosystem is growing with increasing demand for faster and seamless options like 5G connectivity. For instance, in May 2015, Verizon started 5G connectivity

Garage Equipment Market to Witness Astonishing Growth by 2027

  The report  “ Garage Equipment Market  by Type (OEM, Independent), Application (Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing), Installation (Mobile, Fixed), Function (Mechanical, Electronic), Vehicle, and Region – Global Forecast to 2027″  The global garage equipment market is projected to grow from USD 6.1 billion in 2019 to USD 10.7 billion by 2027, at a CAGR of 7.4%. The growth of the garage equipment market is driven by the rising number of on-road vehicles, sales of electric vehicles, installation of advanced features in vehicles, and high implementation of connectivity services. Passenger car is expected to be the largest segment of the market The passenger car segment is expected to be the largest market during the forecast period. The adoption of sensors and utilization of vehicle data for assisted driving and predictive maintenance have created a broader scope for automotive workshops. More timely maintenance will increase the demand

Sliding Bearing Market to Witness Astonishing Growth by 2027

  The report " Sliding Bearing Market by Railway (Locomotive, Wagon, Coach, DMU, EMU, Light Rail, Metro & High-Speed), Type (Thrust, Radial, Angular Contact & Linear), Application (Engine, Brake, Bogie, Interior & Exterior), Material & Region - Global Forecast to 2027" The Sliding Bearing Market is projected to grow at a CAGR of 6.4% during the forecast period, to reach a market size of USD 1,531 million by 2027 from USD 934 million in 2019. Increasing demand for higher efficiency, and reliability, rising metros, light rail and high-speed trains demand, and growing investments in railway projected globally are expected to fuel the sliding bearing market. Wagons segment is estimated to hold the largest share in the sliding bearing market, by railway type Freight wagons segment leads the sliding bearing market, by railway type, from 2019 to 2027 owing to its highest share in the overall railway globally. As per MarketsandMarkets analysis, the freight wagons

Integrated Traffic Systems Market to Witness Astonishing Growth by 2025

The report  “ Integrated Traffic Systems Market  by Function (traffic monitoring, traffic control, information Provision), Sensors, Hardware Type (display boards, sensors, radars, interface boards, surveillance cameras), and Region – Global Forecast to 2025″  The global integrated traffic systems market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increasing urbanization across the globe is estimated to drive the integrated traffic systems market Traffic monitoring, by function, is estimated to hold the largest market share during the forecast period Traffic monitoring is the first step to identify the pattern of traffic to choose an optimum solution for traffic flow. Traffic monitoring consists of many functions such as automatic number plate detection, vehicle detection, and journey time measurement systems. Developing countries such as India and China, are facing rapid urbanization rate which has resulted in continuous monito