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Automotive Relay Market Projected to reach $21.8 billion by 2027

  The report  “ Automotive Relay Market  by Type (PCB, Plug-In, High Voltage, Protective, Signal, Time), Ampere (5A-15A, 16A-35A, >35A), Application, Vehicle Type, EV Relay Type (Main, Precharge, Quick Charge, Normal, HV), 48V Relay, and Region – Global Forecast to 2027″  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 increasing demand for safety, luxury, and comfort and increasing electric vehicle sales will drive the growth of the automotive relay market. HEV is estimated to hold the largest share in the electric vehicle relay market Increased tail pipe emissions have triggered stringent emission and fuel efficiency regulations. There would be an increased focus from OEMs on electric vehicles to curb these emissions. The power supply circuit of electric vehicles must be equipped with high voltage DC relays with very strong arc extinguishing abilities of the safety interruption eq...

Automotive Engine Encapsulation Market Projected to reach $6.30 Billion by 2025

 The report “ Automotive Engine Encapsulation Market by Product Type (Engine Mounted & Body Mounted), Material Type (Carbon Fibre, Glasswool, PA, PP & PU), Vehicle Class (Economic, Mid-Priced & Luxury), Fuel Type (Diesel & Gasoline) and Region – Global Forecast to 2025″, The automotive engine encapsulation market is projected to grow at a CAGR of 6.13% during the forecast period, from USD 4.16 Billion in 2018 to USD 6.30 Billion by 2025. The growing demand for silent vehicles, the stringent emission norms for the automotive industry, and the rise in demand for fuel-efficient, aerodynamically efficient, and stylish vehicles, are collectively expected to drive the automotive engine encapsulation market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222969700 Body mounted encapsulations is estimated to grow at the fastest rate in the automotive engine encapsulation market Body mounted encapsulation is projected to be the fastest-grow...

Acoustic Vehicle Alerting System Market Projected to reach $5,619 million by 2027

  The report  “ Acoustic Vehicle Alerting System Market  by Propulsion Type, Vehicle Type, Electric Two-Wheeler (E-Scooter/Moped, E-Motorcycle), Sales Channel (OEM, Aftermarket), Mounting Position (Integrated, Separated), and Region – Global Forecast to 2027″ , The acoustic vehicle alerting system market is projected to reach USD 5,619 million by 2027 from an estimated USD 425 million in 2019 considering the installation of AVAS in passenger car and commercial vehicle, at a CAGR of 38.1% during the forecast period. The growth of acoustic vehicle alerting system market is influenced by factors such as government mandates, increasing sales of electric vehicles, and rising emphasis on commuter safety these factors are expected to drive the growth of the market. Therefore, the acoustic vehicle alerting system market is expected to witness a significant increase in the future. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20863691 E-Moto...

Automotive Data Logger Market Likely to reach $4.4 billion by 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 ...

Driving Simulator Market to Estimated to reach $2.1 billion by 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. Increasing demand for skilled drivers due to high road accident rates, growing air traffic, upcoming high-speed train projects, and significant R&D investments in autonomous vehicles are primarily driving the demand for driving simulators. The driving simulator market has witnessed growth in developing as well as developed countries. The advanced training simulator segment in end user will be leading the driving simulator market during the forecast period 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 deve...

Fuel Cell Powertrain Market Emerging Trends, and Industry Outlook to 2025

  The report  “ Fuel Cell Powertrain Market  by Components (Fuel Cell System, Drive System, Battery System, Hydrogen Storage System, & Others), Vehicle Type (PCs, LCV, Trucks, Buses), Power Output, Drive Type, H2 Fuel Station and Region – Global Forecast to 2025″ , size is projected to grow from USD  268 million in 2020 to USD  3,797 million by 2025, at a CAGR of 70.0%. Fuel cell powertrain is a driving system in which energy stored as hydrogen gets converted into electricity by way of a fuel cell. Unlike an ICE powertrain system, a fuel cell powertrain does not produce harmful tailpipe emissions. The US Department of Energy states that the application of fuel cell powertrain helps increase energy security and also strengthens economies. The various components of a fuel cell powertrain system are the battery, battery pack, DC/DC converter, electric traction motor, fuel cell stack, fuel cell filter, fuel tank, power electronica controller, thermal system, and...

Automotive Wiring Harness Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026

  The global Automotive Wiring Harness Market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced features in vehicles, and growing penetration of electric vehicles are the major factors driving the growth of the automotive wiring harness market . However, a projected recovery in Q1-Q2 of 2021 in vehicle production supports the growth of the automotive wiring harness market. According to the OICA (Organisation Internationale des Constructeurs d'Automobiles), passenger car production hit 55.83 million in 2020, with the Asia Pacific and North America estimated to be the leading regions. The economic growth in China, India, and Brazil has improved consumer lifestyle, which, in turn, has impacted the sales of passenger cars, electric vehicles, and premium vehicles. With an increase in disposable income, the demand for premium vehicles has increa...