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Showing posts from November, 2021

Semi-Autonomous & Autonomous Bus Market Size, Growth, Demand, Opportunities & Forecast To 2025

  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 worldwid

Fluid Transfer System Market worth $24.7 billion by 2025

  The report  " Fluid Transfer System Market  by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV and Region - Global Forecast to 2025" , The fluid transfer system market is projected to grow at a CAGR of 6.7% from 2020 to 2025, and the market size is expected to grow from USD 17.8 billion in 2020 to USD 24.7 billion by 2025. Stringency in emission norms and demand for enhanced fuel economy are projected to drive the fluid transfer system market. AC lines segment will hold the largest share of the fluid transfer system market Increase in superior cabin experience has propelled to ever-increasing the growth of the AC lines market. Today, almost all the vehicles that are manufactured are equipped with an air conditioning system. Thus, there is tough competition between automakers to provide enhanced comfort. This competiti

Automotive Power Electronics Market projected to reach USD 4.7 billion by 2025

  The global Automotive Power Electronics Market is projected to reach USD 4.7 billion by 2025, from USD 3.8 billion in 2020, at a CAGR of 4.7%. The growth of the market is driven by the growing demand for added infotainment, telematics, convenient features and stringent safety mandates for a safer driving experience. The automotive power electronics market has promising growth potential due to several factors, including increasing use of mechatronics devices inside the vehicle, increasing consumer demand for added safety and entertainment features, vehicle electrification, improving vehicle connectivity and vehicle management.   Use of modern inverters also can create new revenue pockets for Tier I and Tier II suppliers in the context of electric vehicles. . Traction inverters are crucial components of the modern electrified automotive powertrain. Advances in power electronics have enabled lower-cost inverters with high reliability, efficiency, and power density, suitable for mass

Plastics for Electric Vehicle Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

  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 particul

Electronic Logging Device Market Projected to reach USD 16.6 Billion 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

Automotive Camera Market worth $12.2 billion by 2025

  The  Automotive Camera Market  is projected to grow at a CAGR of 12.4% during the forecast period. It is estimated to be USD 6.8 billion in 2020 and is projected to reach USD 12.2 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand foractive safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars has driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments are focus

Mining Machinery Market Estimated to reach $36.2 billion by 2025

  The global Mining Machinery Market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market. The mining industry has witnessed many advancements, especially with the introduction of autonomous mining machinery. Autonomous mining trucks are capable of driving an exact route every time and help in meeting material handling capacity requirements, resulting in reduced production time, fewer chances of human error, increased safety, high production volume, and increased accuracy and repeatability. Caterpillar Inc. (US), Volvo CE (Sweden), and Komatsu Ltd. (Japan), some of the market leaders, manufacture autonomous mining trucks that are used at sites around the globe. The constant R&D efforts by mining machinery manufacturers to modern

In-Vehicle Infotainment Market Projected to Reach USD 54.8 Billion by 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

Mobility as a Service Market Projected to Reach $70.4 Billion by 2030, at a CAGR of 31.1%.

  The report  “ Mobility as a Service Market  by Service (Ride Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle Type, Operating System, Business Model and Region – Global Forecast to 2030″ , The global mobility as a service market size is projected to reach USD 70.4 billion by 2030, from an estimated USD 4.7 billion in 2020, at a CAGR of 31.1%. The growth of the global mobility as a service market is influenced by factors such as increasing urbanization and smart city initiatives, growing overall on demand mobility services, need to reduce CO2 emissions, and improved 4G/5G infrastructure and penetration of smartphones. Therefore, the mobility as a service market is expected to witness significant growth in the future. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78519888 Four-wheelers segment to hold the largest market share during the forecast period. Four-wheelers is projected to be the large

Automotive Software Market Predicted to Reach 37.0 billion by 2025 at a CAGR of 16.9%.

  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 ad

EV Battery Market Estimated to reach $67.2 billion by 2025, at a CAGR of 25.3%

  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

Electric Off-highway Vehicle Market to Hit $21.7 billion by 2025

  The global Electric Off-Highway Vehicle Market size in a pre-COVID-19 situation was projected to reach USD 8.8 b illion in 2020 from USD 21.7 b illion by 2025 (in terms of value). However, due to COVID-19, most of the OEMs have delayed new vehicle developments and launches. Considering the global financial slowdown, electric off-highway vehicle manufacturers will refrain from adding extra cost to vehicles like an electric dump truck, electric LHD, electric excavator, electric loader, electric dozer, electric lawnmower, and electric tractor by installing batteries and hybrid powertrain systems. The electric off-highway vehicle market is estimated to observe a decline post-COVID-19 due to the impact on vehicle sales and demand from the application industry. The global electric off-highway vehicle market size post-COVID-19 is estimated to be USD 6.3 billion in 2020 and projected to reach USD 17.5 billion by 2025, at a CAGR of 22.8% , driven by the upcoming emission norms for off-hig

Asia Pacific electric three-wheeler market likely to Reach $486,446 units by 2026, at a CAGR of 25.5%

  The  Asia Pacific electric three-wheeler market  is estimated to be 156,397 units in 2021 and is projected to grow to 486,446 units by 2026, at a CAGR of 25.5% during the forecast period. The automotive industry is at the cusp of technological evolution to develop zero-emission vehicles, while electric three-wheelers for daily commuting have become the steppingstone for the same. However, before deploying these as primary usages, electric three-wheelers need to have the necessary charging infrastructure and optimum performance. Electric three-wheelers are also noise-free. They are therefore expected to be the building block for the success of emission-free vehicles of the future. As of 2020, the Asia Pacific electric three-wheeler market was dominated by low-speed, affordable electric three-wheelers, having a top speed of less than 25-35 km/h. To extract more performance out of these vehicles, a bigger battery and advanced motor components are required, which will increase the over

Body Control Module Market Projected to Reach USD 35.7 billion 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

Construction & Heavy Equipment Telematics Market Witness to reach $1,498 million by 2026, at a CAGR of 17.2%

  The global Construction & Heavy Equipment Telematics Market size is projected to reach USD 1,498 million by 2026, from an estimated value of USD 676 million in 2021, at a CAGR of 17.2%. Increase in demand for telematics solutions in off-highway equipment and government mandates on safety and security of off-highway equipment are the driving factors that are expected to boost the construction and heavy equipment telematics market. As autonomous technology continues to develop and prices fall to a more affordable level, the number of autonomous off-highway equipment will grow in the coming years. Verizon (US), Trimble Inc. (US), Topcon Corporation (Japan), Hexagon AB (Sweden), and Robert Bosch GmbH (Germany), some of the market leaders, offer extensive telematics solutions in the off-highway industry. These companies have strong distribution networks at the global level and strategic partnerships with off-highway OEMs would drive the use of autonomous equipment. Download PDF B