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Automotive Motors Market Witness to reach $25.7 billion by 2025, at a CAGR of 4.8%.

The global Automotive Motors Market size is projected to grow from USD 20.3 billion in 2020 to USD 25.7 billion by 2025, at a CAGR of 4.8%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. Rapid technological changes in the automotive industry for fuel efficient systems and governments stringent emission norms policies are likely to boost the automotive motors market. The adoption of electric power is considered to be the highest among other fuel types. This is because of government support toward EV infrastructure and fewer safety issues. Apart from passenger vehicles, now trucks and buses, are undergoing a major shift to achieve zero emissions. Manufacturers such as Daimler, AB Volvo, Yutong, and BYD are constantly developing different types of electric commercial vehicles such as buses, trucks, and vans to meet customer demand. Cities such as London, Moscow, Beijing, Paris, and Los Angeles plan to phase out their existing public transport vehicles that run on gas and diesel and replace them with electric buses. OEMs in North America and Europe have succeeded in developing full electric trucks. Also, in the US, there are more than 175,000 vehicles, and roughly 23 million vehicles worldwide, running on natural gas power. The rising need for safety features and convenience can be attributed to the ever-growing demand for automotive motors globally. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=119439985 In the automotive motors market, by EV motor type, the traction segment is projected to dominate the market during the forecast period. Traction motors usually require frequent start/stop, high rate of acceleration/deceleration, high-torque low-speed hill climbing, low-torque high-speed cruising, and very wide speed range of operation. Since these motors are extremely energy efficient , advanced in design, and are compact, it enables the drive system to be optimized to the available spaces in the vehicle. These benefits of traction motors are expected to boost their demand especially for BEV’s and HEVs. The automotive motors market players are focusing on expanding their businesses in new markets across the world. Asia Pacific is one of the potential markets for automotive motors. Economies such as China, Japan, and South Korea, have a technologically advanced automotive industry. Rising demand for vehicles in China, coupled with friendly investment regulations and economical labor costs, has pushed up the local vehicle production levels. Through joint ventures, Tier I companies are trying to establish their presence in the country. For instance, Aisin has been boosting vehicle fuel efficiency by refining manual, automatic, and continuously variable transmission technologies. For hybrid vehicles, the company has developed a 2-Motor Hybrid Transmission with Toyota Motor Corporation and a 1-Motor Hybrid Transmission independently. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=119439985
Technology
Cars
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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, GPS tracking, and alerts. These services are mostly subscribed by mid-and upper mid-sized fleet owners. Europe and North America are expected to hold the largest market for intermediate services as these regions have significant mid-and large-sized fleet operations. With the increase in fleet size, fleet owners need to have tracking services, data management, data analysis, driver hours of services, and more. To accommodate all such requirements, fleet owners prefer intermediate services. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48299833 “Display is expected to be the fastest-growing market for electronic logging device market, by component type” The display market is expected to grow at the fastest rate over the forecast period. As of now, the adoption rate of the display unit is low due to the additional cost of the electronic logging device. The display is not a standard component for electronic logging devices as it depends on the user’s requirement. Cost is the major reason for the low adoption of display in small fleet owner’s group. However, it is expected that display will have significant adoption in the future due to its benefits. A display unit consists of hardware and software that provide the fleet owners and drivers with different kinds of information and entertainment. Using the display, users can access GPS tracking, internet, hours control system, enhanced communication services, and more.

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 particularly well suited for complex-shaped components in cars, airplanes, and trains, which require excellent mechanical properties together with the ability to withstand high operating temperatures or meet stringent flame-retardant requirements. Thus, development of plastics in sync with the OEMs and the component manufacturer’s demand is anticipated to create lucrative growth opportunities. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219387183 BEV segment is estimated to be the largest and fastest growing market by vehicle type in plastics for electric vehicle market. Due to stringant emission regulation and government pushing towards electric mobility are the major factors driving the plastics for electric vehicle. Also, BEV manufacturers are working on reducing their overall weight, which will allow to increase the power of electric vehicle, and result in extend range of electric vehicle. To reduce the weight of the vehicle automotive OEMs are focusing on metal to plastic conversion and injection moulded plastic parts. Furthermore, OEMS are also, focusing on strength and safety, lower cost and suitable plastics with high temperature resistive property for battery compartment area. This trend is likely to create new opportunities for the plastic supplier, which are lighter in weight and comparatively less expensive than metal components. According to MarketsandMarkets, Asia is estimated to be the largest and fastest-growing market for plastics for electric vehicles in the forecasted period, 2020-2025. The primary reason for this growth is due to attractive government schemes and policies for promoting electric vehicle. Also, implementation of stringent emission standards like China 6a, BS-VI is expected to boost BEV sales which in turn increases demand for plastics for electric vehicle. Also, the presence of numerous players in the region paves the way for continuous developments for high temperature resistive and high performance plastics which in turn is likely to drive the plastics for electric vehicle market in the region. Thus, with increasing sales of electric vehicles globally, increasing demand for light weight materials and stringent emission norms, the plastics for electric vehicle market is expected to witness significant growth during the forecast period. Additionally, continuous developments in plastics for electric vehicle, including high tensile strength, thermally stable plastics are also likely to further fuel the demand.
Technology
News
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Usage-Based Insurance Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026

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 aged between 18 and 25 as they are new drivers. The MHYD system collects various driving behavior information such as harsh braking, sharp cornering, and overspeeding to rate the driver. The system also suggests improvements to the driver to help improve the driver's behavior and reduce insurance premiums for the driver. UBI companies can work together with telematics device manufactures, insurance companies, and OEMs to develop MHYD plans that suit the requirements of different customers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154621760 Smartphone is projected to be the fastest-growing segment of the usage-based insurance market, by technology. Using a smartphone for UBI services offers multiple advantages such as flexibility, accurate driver drive behavior information, etc. Smartphones are now equipped with an array of sensors that can collect data for telematics analysis. A smartphone is a cost-effective option for UBI services as the user is not required to purchase an external hardware device, and no vehicle installation is required. Hence, the system can be implemented quickly without any additional hardware requirements. Thus, smartphone technology is expected to witness a strong boost. According to MarketsandMarkets, Asia Pacific is estimated to be the fastest-growing market for usage-based insurance during the forecast period. Market growth in this region can be attributed to the increasing adoption of telematics and the rising trend of car-sharing and ride-hailing in developing countries such as India, Malaysia, Australia, and Japan. Japan dominates the market in 2020 and is anticipated to continue its dominance during the forecast period owing to significant developments in connected and autonomous vehicles and increasing adoption of telematics services.
Technology
News
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Automotive Data Logger Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

The Automotive Data Logger Market is projected to grow at a CAGR of 7.0% during the forecast period and is estimated to be USD 3.1 billion in 2020 and reach USD 4.4 billion by 2025. The market growth is primarily driven by factors such as the increase in the government norms related to vehicle noise and emissions which is leading to higher use of data loggers at the regulatory bodies’ and OEMs’ end, and the rising demand for sophisticated vehicles with complex architecture that is increasing its demand at the service stations’ end. Owing to the emergence of newer technologies in the automotive industry along with the growing demand for electric cars, the data logger market has started to prosper. Regional adoption of these technologies depends on governmental norms and emission regulations along with customer preference. Moreover, vehicle manufacturers are offering additional advanced features in vehicles to acquire more customers and boost profitability, thereby inflating the growth of the automotive data logger market. The automotive data logger market in the Europe region is growing at the fastest rate, followed by North America, Rest of the World, and Asia Oceania. North America is estimated to have the highest market share because of the region’s fast advancements on the technology front and the governing bodies pushing OEMs to make smarter and efficient vehicles. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88581029 The ADAS & safety segment is estimated to be the fastest growing market, in terms of value, in the automotive data logger market. The safety of the vehicle, driver, passengers, and pedestrians is the primary focus of various OEMs and regulatory boards. With the growth in the number of vehicles along with economic development, traffic on the roads is growing significantly and is likely to keep growing in the years to come. With the increasing speed of the vehicles, the roads have become more vulnerable to accidents. Accidents at high speeds could be fatal for the occupants of the vehicle as well as the surrounding vehicles and pedestrians. Hence, governments, regulatory bodies, and associations are keen on making automobiles safer for the occupants, pedestrians, and the surroundings. Stringent passenger safety regulations have been implemented in the developed countries. Developing countries such as China, Brazil, and India are currently formulating mandates for passenger safety in vehicles. These circumstances and social awareness have ensured the quick growth of the ADAS market. With this rapid growth, the chances of a system failure of these applications also increase proportionately, thus increasing the market for automotive data loggers. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=88581029 Key Market Players:

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 focusing on mandating ADAS such as an emergency braking system and lane departure warning system. These mandates are expected to drive the automotive camera market. However, the regional adoption of camera technology varies according to government norms and customer preference. Moreover, vehicle manufacturers plan to offer advanced features such as a multi camera system in vehicles to acquire more customers and boost profitability, thereby inflating the growth of the automotive camera market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125124333 Park assist segment, by application, is estimated to hold the largest market share during the forecast period. The park assist segment is estimated to be the largest segment of the automotive camera market. The government mandates and increasing penetration of camera-based features are some of the major factors driving this segment. Currently, park assist features are most commonly used in vehicles. The majority of vehicles are equipped with the digital rearview camera that assists the driver while parking a vehicle. Moreover, the US and Canadian governments have mandated the rearview camera because of its safety benefits. Canada has made rearview camera systems mandatory in new cars since May 2018. Passenger Car segment is estimated to be the fastest growing market, by vehicle type, from 2020 to 2025

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 modernize the industry will offer favorable opportunities for manufacturers and propel the autonomous mining machinery market in the coming years. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99264577 In the autonomous mining machinery segment, demand from surface mining is projected to be the highest by 2025. According to European Mineral Resources Confederation (EUMICON), autonomous mining machinery provides an improvement potential of around 40–80% over conventional machinery. This increased productivity has shifted the focus of the industry from conventional machinery to autonomous mining machinery. As a result, autonomous mining machinery is projected to witness double digit growth during the forecast period. The coal mining machinery market in Asia Oceania is projected to grow at a CAGR of 3.76% during the forecast period. According to a key industry expert, 70% of the coal mined in China is used for domestic consumption. India is the second-largest consumer of coal, after China. Asia Oceania accounts for approximately more than 70% of the world’s coal demand, making it the largest mining machinery market in 2020. Market growth in this region can be attributed to increasing domestic demand for metals such as iron, copper, and coal. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=99264577
Technology
News
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Train Battery Market to Witness Astonishing Growth by 2030

The report “Train Battery Market by Type & Technology(Lead-Acid Gel Tubular, VRLA, Conventional, Ni-Cd Sinter, Fiber, Pocket, & Li-ion), Advance Train(Autonomous, Hybrid and Fully-Battery Operated),Rolling Stock Type, Application and Region – Global Forecast to 2030″, size is projected to reach USD 257 million by 2030, from an estimated value of USD 144 million in 2020, at a CAGR of 5.9%. The growth is influenced by factors such as rapid urbanization in emerging countries and advanced economies is considered to be one of the largest drivers of infrastructure spending over the next few decades, which is expected to bolster the demand of rail expansion. The incorporation of these developments in urban rail infrastructure is expected to lead to the demand for energy storage systems and hence is expected to propel the demand for train batteries during the forecast period. The Li-ion Battery segment is expected to register the highest growth rate from 2020 to 2030. Li-Ion batteries offer various advantages over other battery types such as maintenance-free, battery health tracking, high energy density, lighter in weight, and compact in design. Developed countries are expected to increase their adoption of Lithium-Ion batteries in rail transport faster compared to emerging countries because of the regulations and the higher costs associated with adopting Lithium-Ion batteries. Also, Lithium-Ion batteries are best suited for high-speed trains and China being the largest market for high-speed trains, the demand for Lithium-Ion batteries in the region is projected to grow during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6068646 Electric locomotive is expected to grow at the highest CAGR from 2020 to 2030. Batteries for electric locomotives are powered by electricity and are faster than other types of locomotives such as diesel, electric, and hydrogen fuel cell locomotives. Electric locomotives offer enhanced acceleration, are quieter, and do not produce any steam or exhaust as in steam and diesel locomotives, they are majorly preferred over diesel engines. Additionally, battery units are majorly used in electric locomotives for auxiliary functions, leading to the growth of the overall train battery market.