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Showing posts from February, 2022

All-terrain Vehicle Market Projected to reach $5.0 billion by 2027

  The All-Terrain Vehicle Market , by value, is projected to reach USD 5.0 billion by 2027 from an estimated USD 4.3 billion in 2022, at a CAGR of 2.7% from 2022 to 2027. The market has a promising growth potential due to factors like rising applications from farm management to enhancing military mobility operations, including ease in regulatory norms for registration across different regions of world. The growth opportunity is al so driven by factors such as rising popularity of ATVs in recreational activities, mainly worldwide championships, sports and entertainment purpose. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255821381 “Military & Defence: The fastest growing segment in terms of applications for all-terrain vehicles” Features of all-terrain vehicles like delivering the sheer enhanced mobility, versatility, responsiveness and capability needed in a range of military operations from tactical missions to base support has widen it

In-Vehicle Infotainment Market Projected to reach $ 38.4 billion by 2027, at a CAGR of 10.8%

  The In-Vehicle Infotainment Market is projected to grow from USD 20.8 billion in 2021 to USD 38.4 billion by 2027, at a CAGR of 10.8%. Government mandates on telematics and e-call services, Emergence of various technologies such as 5G and AI, and ADAS and other autonomous solutions are expected to offer promising growth opportunities in the In-vehicle infotainment market . Asia Pacific holds the largest share of the in-vehicle infotainment market during the forecast period. It witnessed higher growth in vehicle production than Europe and North America due to the availability of labor at lower wages, reduced production costs, lenient vehicle safety norms, and government initiatives for FDIs in the region in both pre-and post-COVID-19. Vehicle production is mostly driven by countries such as China, South Korea, India, and Japan, which contributes ~88% of the total production of vehicles, and these countries within the region contributed ~55% of the global vehicle production in 2021.

Trailer Assist System Market Projected to reach $182 million by 2027

  The report  " Trailer Assist System Market  by Technology (Semi-Autonomous (L3), Autonomous (L4, L5)), Component (Camera/Sensor, Software Module), Vehicle (Passenger Cars, LCV, and Trucks), User (OEM Fitted & Aftermarket), and Region - Global Forecast to 2027" , The global trailer assist system market is projected to grow from USD 82 million in 2019 to reach USD 182 million by 2027, at a CAGR of 10.5% during the forecast period. The growth of trailer assist system market is influenced by factors such as growing demand for safety and comfort features. The system makes it easier to reverse a vehicle with towing trailer attached with ease. It is a comfort and safety feature for the driver who finds it hard to reverse his vehicle with a towing trailer. Thus, the trailer assist system market is expected to witness growth in the future. OEM Fitted is expected to lead the market during the forecast period. The trailer assist system is currently limited to the OEM market

Automotive Data Logger Market Current Trends and Future Estimations to 2025

The Automotive Data Logger Market is projected to grow at a CAGR of 7.0% during the forecast period, from USD 3.1 billion in 2020 to USD 4.4 billion by 2025. The key growth drivers of this market are the higher penetration of advanced electronic components in the modern vehicle architecture and their testing that is performed prior to the vehicle’s commercialization. Market Dynamics: Driver: Rising demand for ADAS features: ADAS technologies consistently monitor a vehicle’s surroundings and driving patterns to detect potential problems at an early stage. This technology improves the driving experience while enhancing vehicle and pedestrian safety. It is becoming an integral part of modern automobiles and is being adopted in passenger cars as well as commercial vehicles. ADAS can be grouped into three major categories: those that aid the driver, those that warn the driver, and those that assist the driver in performing certain basic driving functions. Increasing demand for safe,

Auto Dimming Mirror Market Projected to reach $2.11 billion USD by 2025

  The report " Auto Dimming Mirror Market  by Fuel Type (BEV, ICE, Hybrid), Application (IRVM and ORVM), Functionality (Connected and Non-Connected), Vehicle Type (PC and LCV), and Region (Asia Pacific, Europe, North America, and RoW) - Global Forecast to 2025", The auto dimming mirror market is projected to grow at a CAGR of 3.20% during the forecast period, to reach a market size of USD 2.11 Billion by 2025. The market is primarily driven by the increasing awareness about vehicle and passenger safety and trend of integrating additional features with a rear-view mirror. Interior mirror is projected to be the largest segment of the auto dimming mirror market The interior mirror segment is projected to dominate the auto dimming mirror market, in terms of value, during the forecast period. The use of interior dimming mirrors is imperative in all types of vehicles. Passenger cars and LCVs commonly have one interior dimming mirror comprising features such as blind spot detect

Automated Parking System Market Projected to reach $3.6 billion by 2027, at a CAGR of 13.1%

  The report  “ Automated Parking System Market  by Automation Level (Semi-Automated, Fully-Automated), End-User (Commercial, Residential, Mixed-use), System (Hardware, Software), Platform , Design Model, Parking Level, Region – Global Forecast to 2027″ , is estimated to be USD 1.3 billion in 2019 and is projected to reach a market size of USD 3.6 billion by 2027, at a CAGR of 13.1% during the forecast period. The market is driven by factors such as the increasing number of vehicles across the globe, rising urbanization, and scarcity of land for parking vehicles. “Residential segment is projected to be the fastest-growing automated parking system market, by end-user type” The residential segment is estimated to be the fastest-growing market for automated parking system. High demand for automated parking system in luxury residential facilities, an increasing number of high-rise buildings, and developers’ focus to build low emission sustainable residential building are expected to drive

Automotive Steering System Market Projected to reach $36.9 billion by 2025

  The report " Automotive Steering System Market by Technology (HPS, EHPS, EPS), EPS Type (R-EPS, C-EPS, P-EPS), Pinion Type (Single, Dual), Mechanism (Collapsible, Rigid), Components (OE & Aftermarket), Vehicle Type and Region - Global Forecast to 2025" The automotive steering system market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7% from 2020 to 2025. The growth of this market is primarily driven by the increasing demand for fuel-efficient and better driving comfort vehicles. Steering Column to be the largest segment, by component. The steering column segment, by value, is estimated to lead the market as steering columns are installed in all types of steering systems, such as HPS, EHPS, and EPS. Steering columns have incorporated collapsible components to enhance driver safety. These columns crumble or slide together during the impact of a collision, with the columns shortening and absorbing the force. The growth

Electric Truck Market worth 1,413,694 units by 2030

  The report " Electric Trucks Market by Propulsion (BEV, PHEV & FCEV), Type (Light, Medium & Heavy-duty Trucks), Range (upto 200 miles & above 200 miles), Battery Type, Battery Capacity, Level of Automation, End User, Payload Capacity & Region - Global Forecast to 2030" The Electric truck market is estimated to be 69,597 units in 2021 and is projected to grow at a CAGR of 39.7% during the forecast period, to reach 1,413,694 units by 2030.   Due to the rising emissions levels and increasing prices of petroleum, along with petroleum’s limited availability, there has been a growing demand for Zero emission alternative fuel vehicles. This has been a major factor for increasing demand of EV’s in the market since the past few years. The governments of several countries are taking initiatives to promote clean sources of energy by instituting stringent emission norms and providing subsidies, tax benefits for early adoption of EV’s and other low emission vehicles t

Construction Equipment Market Projected to reach $250.4 billion by 2026

  The report " Construction Equipment Market by Type (Excavator-Crawler & Mini, Loader-Backhoe, Skid-steer, Wheel, Dozer, Dump Truck), Electric Equipment, Propulsion, Power Output, Application, Rental, Aftertreatment Device, and Region - Global Forecast to 2026"The growth of this market is fueled by increase in infrastructure investments post-COVID-19 pandemic and developments such as OEM-centric connected features. Also, growing stringency in upcoming emission regulations leading to electric and autonomous construction equipment would also drive the market for construction equipment. Compactors to contribute to the largest sales in the construction equipment market, by equipment type Road construction majorly growing in emerging economies is driving the compactor market for the compaction applications. Asia is estimated to be the largest market for compactors due to an increase in road construction in China and India. Download PDF Brochure @ https://www.marketsand

Farm Equipment Market Size, Growth, Demand, Opportunities & Forecast To 2027

The global Farm Equipment Market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the farm equipment market. However, a projected recovery in Q1-Q2 of 2021 in farm equipment production supports the growth of the farm equipment market. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164005174 The plowing & cultivating segment is estimated to lead the market in terms of value during the forecast period due to the growing requirement of plowing according to seasons, rising need for cultivators in small and large farms, and achieving better soil fertility. Asia Oceania dominates the plowing & cultivating implements market considering agriculture acti

Electric Vehicle Charging Station Market worth 14,623 thousand units by 2027

  The global Electric Vehicle Charging Station Market size is projected to grow from 2,354 thousand units in 2022 to 14,623 thousand units by 2027, at a CAGR of 44.1%. Automotive companies and component manufacturers are investing significant amounts in research and testing of EV charging technology. Factors such as rising sales of EVs around the world, along with the growing demand for zero emission transport will boost the demand for the Electric Vehicle Charging Station Market. The Electric Vehicle Charging Station Market is dominated by major charging providers including ABB (Switzerland), Shell (Netherlands), ChargePoint (US), Tesla (US), and BYD (China). They develop products and provide service offerings for the electric vehicle charging ecosystem. They have initiated partnerships to develop their EV charging technology and provide finished products and charging services to their respective customers for the Electric Vehicle Charging Station Market.   Developments in technolo

Automotive Camera Market Projected to reach $11.3 billion by 2026

  The Automotive Camera Market is projected to grow at a CAGR of 10.4% during the forecast period. It is estimated to be USD 6.8 billion in 2021 and is projected to reach USD 11.3 billion by 2026. The market growth is primarily driven by factors such as regulatory changes and increasing demand for active 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 focusin

Automotive Pressure Sensors Market Projected to reach $8.84 billion by 2025

  The report  “ Automotive Pressure Sensors Market  by Application (ABS, Airbag, TPMS, Engine, HVAC, & Transmission), Technology (MEMS, Strain Gauge, & Ceramic), Transduction (Piezoresistive, Capacitive, Optical, Resonant), Vehicle, EV, & Region – Global Forecast to 2025″ , The global automotive pressure sensors market is projected to grow at a CAGR of 9.70% from 2017 to 2025, to reach a market size of USD 8.84 Billion by 2025 from USD 4.21 Billion in 2017. The major factors driving the growth of the automotive pressure sensors market are the increasing installation of advanced driver assistance systems, stringent automotive safety and security norms introduced by the government, and rising preference of vehicle electrification among OEMs and Tier I suppliers. Engine control application holds the largest market share in 2017 The engine system, which includes the engine, exhaust, and fuel pumps, holds the largest share of the automotive pressure sensors market. With tech

EV Charging Cables Market Projected to reach $3,173 million by 2027

  The report " EV Charging Cables Market by Power Supply (AC and DC), Application (Private Charging and Public Charging), Length (2-5 Meters, 6-10 Meters, and >10 Meters), Shape (Straight and Coiled), Mode, Charging Level, and Region - Global Forecast to 2027" The global EV charging cables market is projected to grow at a CAGR of 39.5%, to reach USD 3,173 million by 2027 from an estimated USD 431 million in 2021. Factors such as increasing adoption of electric vehicles, rapid development of electric vehicle supply equipment, and increasing demand for fast charging cables would drive the growth of the market. Tier I and tier II suppliers dominate the market for EV charging cables. These suppliers have supply contracts with global OEMs and electric vehicle charging station manufacturers. Tier I suppliers include leading OEMs such as Leoni AG, TE Connectivity, Aptiv, Coroplast, and Phoenix Contact. Tier II suppliers include raw material suppliers such as suppliers of jacke

Electric Off-highway Vehicle Market Projected to reach $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-h