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Showing posts from July, 2022

Thermal Systems Market Projected to reach $41.7 billion by 2027

The   thermal system market   is projected to reach USD 41.7 billion by 2027 from USD 37.6 billion in 2022, at a CAGR of 2.1%. The growing stringency in emission regulations, rising demand of mid & full size SUV and luxury vehicle with enhanced cabin comfort will drive the thermal systems market. Moreover, rising adoption of electric & hybrid vehicles and the advancements in semi-autonomous and autonomous vehicles would bring tremendous growth potential in the thermal systems market Growing stringency of emission regulations for on-highway & off-highway vehicles and rising demand for cabin comfort applications will drive the thermal system market in coming years. The passenger Car segment would lead the thermal systems market during the forecast period As estimated, the ICE passenger car segment would be the largest market for thermal systems. The stringent emission norms prompt the demand for advanced engine and exhaust technologies that require efficient thermal systems.

Automotive Lightweight Material Market Projected to reach $99.3 billion by 2025

  The global  Automotive Lightweight Material Market  is projected to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing stringency of vehicle emission and fuel economy regulations and growing government initiatives for vehicle weight reduction are expected to drive the growth of the automotive lightweight material market. “Metals to be the largest segment, By Material Type ” Metals is estimated to be the largest segment in the automotive lightweight material market. Aluminum has the highest demand among metals, followed by HSS. The use of lightweight materials such as aluminum and HSS is higher in developed regions such as Europe and North America compared to developing regions such as Asia Oceania and RoW. Initially, the normal heavy steels would be replaced with light metals such as HSS that are available in abundance. Also, the usage of lightweight materials is high in plug-in hybrid and electric vehicles. Ma

Automotive Pressure Sensors Market Predictions Exhibit Massive Growth 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 technolo

Robotaxi Market Projected to reach 1,445,822 units by 2030, at a CAGR of 136.8%

  The global   robotaxi market   size is projected to grow from 617 units in 2021 to 1,445,822 units by 2030, at a CAGR of 136.8%. Factors such as The rising concerns over road safety, emissions, and the increasing demand for ride-hailing services have led to the growth of the market. Autonomous vehicles also help in optimizing cost to the fleet operator. Newer business models like mobility as a service would provide another sustainable and profitable revenue stream in the future. “Asia Pacific is expected to be the largest market during the forecast period.” Rapid testing of autonomous vehicles, presence of numerous technology providers and ride-hailing companies, and plans to deploy robotaxi fleets for mass usage are the key factors driving the market in China. The Asia Pacific region comprises emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automotive. The key drivers for the robotaxi market in China are the growi

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 its scope

All Wheel Drive Market worth $53.8 billion by 2027

  The report  " All Wheel Drive Market  by System (Automatic, Manual), Vehicle Type (Passenger & Commercial Vehicle), EV Type (BEV, PHEV), Component (Power Transfer Unit, Differential, Propeller Shaft, Transfer Case, Final Drive Unit) and Region - Global Forecast to 2027" , size is projected to reach USD  53.8 billion by 2027, from an estimated value of USD  35.9 billion in 2022, at a CAGR of 8.4%. Browse 205 market data Tables and 47 Figures spread through 209 Pages and in-depth TOC on  “All Wheel Drive Market” The growth is influenced by factors such as growth in the demand for AWD vehicles such as SUVs, MUVs& premium cars, strengthening emission norms and growing awareness of vehicle safety are considered to be the largest drivers of the all wheel drive market. The rapid urbanization and growing standard of living are expected to lead to the demand for high-end vehicles such as AWD vehicles and hence are expected to propel the demand for AWD systems during the

Automotive Communication Technology Market Projected To Witness Vigorous Expansion By 2025

  The report  “ Automotive Communication Technology Market  by Bus Module (LIN, CAN, FlexRay, MOST, and Ethernet), Application (Powertrain, Body Control & Comfort, Infotainment & Communication, and Safety & ADAS), Vehicle Class, and Region – Global Forecast to 2025″ , The automotive communication technology market is estimated to be USD 6.78 billion in 2018 and is projected to reach USD 19.99 billion by 2025, at a compound annual growth rate (CAGR) of 16.7% during the forecast period. Increase in government mandates and industry norms to reduce emission and improve the safety of vehicles and rising number of electronic systems in passenger cars are the key drivers for the automotive communication technology market. Asia Pacific to hold the largest share of automotive communication technology market in 2025 Asia Pacific is projected to be the largest market for automotive communication technology from 2018 to 2025. The market growth in the region can be attributed to factors

Usage-Based Insurance Market Witness to grow $66.8 billion by 2026, at a CAGR of 27.7%

  The Usage-Based Insurance Market is projected to reach USD 66.8 billion by 2026 from an estimated USD 19.6 billion in 2021, growing at a CAGR of 27.7% during the forecast period. The increasing adoption of telematics and connected car services is expected to drive the usage-based insurance market. The rolling out of various UBI packages in countries such as India, South Africa is expected to further drive its popularity. UBI providers can work directly with OEMs to capitalize on the increasing trend of connected cars in developed as well as developing regions. UBI service providers can also provide customized plans for embedded systems that can give incentives to connected car owners to choose UBI policies. Manage-how-you-drive or MHYD is estimated to be the fastest-growing usage-based insurance market. MHYD is an extended version of PHYD, which provides feedback to drivers on improvement areas besides just ranking them on driving behavior. This model is ideal for young drivers

Fuel Cell Powertrain Market Projected to reach 3,797 million by 2025, at a CAGR of 70.0%.

  The global   Fuel Cell Powertrain Market   size is projected to grow from USD  268 million in 2020 to USD  3,797 million by 2025, at a CAGR of 70.0%. Increasing government initiatives for the development of hydrogen infrastructure and rapid technological changes in the automotive industry for fuel efficient systems are likely to boost the Fuel Cell Powertrain Market.   The key factor that is expected to rise the adoption of fuel cell vehicles is increasing investing in alternative sources of energy, such as fuel cells by goverments worldwide. Along with the development of fuel cell technology, it is important to create a robust infrastructure that can cater to the needs of hydrogen-powered transportation. In addition to this factor, FCEVs offer a high driving range, fast refueling, noiseless operation, and zero emission of greenhouse gases and air pollutants. Hence, their use is ideal for transportation and automotive applications. The key components of fuel cell powertrain are desig

Automotive Motors Market worth $28.7 billion by 2027

  The report " Automotive Motors Market  by EV Motor Type (Brushless, Brushed, Traction, Induction, Stepper), ICE Motor Type, Vehicle Type (PC, LCV, HCV), Electric Vehicle Type, Application, Function (Performance, Safety, Comfort) and Region - Global Forecast to 2027 ", published by MarketsandMarkets™, The global Automotive Motors Market for ICE vehicles is projected to grow from USD 23.0 billion in 2022 to USD 28.7 billion by 2027, at a CAGR of 4.5%. Factors such as recovering sales of automobiles around the world, along with the increasing fuel prices, increasing demand for better fuel efficiency in automobiles and growing demand for low emission transport will boost the demand for use of automotive motors in ICE vehicles and EVs. The growing demand for safety and comfort features in automobiles along with government regulations for increased safety in automobiles will further boost demand for the Automotive Motors Market. Download PDF Brochure @ https://www.marketsand

Electric Vehicle Charging Station Market Surge Towards Outstanding Growth 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

Garage Equipment Market Trends, Outlook and Forecast to 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

Driving Simulator Market Trends, Indication and Forecast to 2025

  The global Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The base year for the report is 2019, and the forecast period is from 2020 to 2025. Factors such as substantial production vehicles, increasing demand for trained pilots, significant investments in autonomous vehicles, and growing norms for road safety to drive the driving simulator market during the forecast. In the driving simulator market, by simulator type, the advanced driving simulator segment is expected to capture the largest market share during the forecast period. This can be attributed due to its technologies, such as 360º viewing angle and motion platform, for a realistic experience. Since testing of technologically updated vehicle dynamics requires an augmented environment for analysis and research, advanced driving simulators help in developing intelligent highway designs and human behavior studies. Download PDF Brochure @ https://ww

Military Truck Market: An Emerging Market with Attractive Growth Opportunities

  The   Military Truck Market   is projected to reach 20,171 units by 2027 from 15,677 units in 2019, at a CAGR of 3.2%. The growth of the market is driven by the increased number of army personnels, rise in the defense budget, and high demand for transportation of military equipment. The leading players in the military truck market are Oshkosh Corporation (US), Rheinmetall AG (Germany), IVECO S.p.A., (Italy), TATRA TRUCKS A.S., (Czech Republic), Arquus (France), Textron Inc., (US), General Dynamics (US), and Mitsubishi Heavy Industries (Japan) among others. These companies have developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth market. To know about the assumptions considered for the study  download the pdf brochure Oshkosh Corporation (US) is a leading player in the military truck market. The subsidiary of the company, Oshkosh Defense, has been designing, manufacturing,