Automotive

Automotive Lighting Market: Understanding the Key Product Segments and their Future 2019 – 2027

The automotive industry is flourishing and along with it, various other supporting industries are growing at a rapid rate. In the past recent years, demand for electronic vehicles has soared across the globe and gave the automotive industry various new avenues to grow and prosper. This growth has further augmented growth in the global automotive lighting industry. Advanced electric vehicles have different type and designs of lighting systems to attract customers and help automotive companies stand out of the league. Moreover, manufacturers focusing on improving visibility in the dark and providing better automotive lighting market functions in bad weather conditions.

Market to Witness Outstanding Growth by Rising At 5.7% CAGR

Information presented in a report published by the Transparency Market Research reveals that the global automotive lighting market is likely to witness incremental opportunity of ~ US$ 18 billion over the period of eight years from 2019 to 2027. This market is also projected to reach ~ US$ 51.8 billion by the end of 2027. With such a high incremental opportunity available in the market, the key players are projected to grow and prosper significantly in the coming years.

The report gives systematic analysis on prominent players operating in the market including Magneti Marelli S.p.A, Hella KGaA Hueck & Co, ICHIKOH INDUSTRIES LTD, General Electric Co., Hyundai Mobis, SAMSUNG ELECTRONICS Co., Ltd, Royal Phillips Electronics, and Zizala Lichtsysteme GmbH. Leading players are engaged in extensive research and adopting advanced technologies to innovate their products. This will also help them in improving their position in the market against their competitors. Competition among the players in the global automotive lighting market is projected to increase considerably during this tenure.

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This is mainly because of the presence of a large number of players that have created a fragmented vendor landscape in the market. However, few players will have a higher position, as they can invest more money in research and development activities and can even manage with fluctuating cost of raw material. One of the recent examples is ZKW who started the production of the laser-beam headlamps first in the world for the BMW i8.

Asia Pacific Considered as a Promising Investment Pocket for Manufacturers in the Automotive Lighting Market

Asia Pacific is considered as a highly crucial region for the growth of the automotive lighting market. Lucrative opportunities available for automotive manufacturers, easy access to raw material, and increasing purchasing power of people are some of the leading factors augmenting growth in Asia Pacific automotive lighting market.

Besides, the focus on improving fuel efficiency due to booming technological innovation in the automobile industry, manufacturers are also making persistent efforts in providing enhanced customer experience and high product quality. Moreover, they are also coming up with outstanding product features at a lower price range to meet buyer’s expectations. To work on all these areas, players in the lighting industry are expanding their presence mainly in China and India, as the automotive industry is growing massively in these regions. Low operating costs along with increased disposable income are other reasons for them to focus on these regions.

Automotive

Architainment Lighting Market: Industry Analysis and Detailed Profiles of top Industry Players 2020 – 2030

Architainment Lighting Market: Introduction

  • Architainment lighting are the lights used to transform architectural and theme based environments. They are essentially used near tourist places to highlight the architectural features of buildings and construction. They are also used for lighting during concerts and musical events. The architainment lighting market is segmented based on product type, light type, application, distribution channel, and region. These lights are used to set up building decorations in interior and exterior spaces of buildings and generally have longer duration warranty.  Increase in number of musical concerts and developments near tourist attractions is expected to fuel the architainment lighting market in the near future.

Growth in Usage of Lights to Add Visual Appeal to Decoration of Buildings Expected to Fuel the Global Architainment Lighting Market

  • Growth of the construction industry is expected to lead to increased usage of various types of lighting in interiors and exteriors of buildings. These lighting are generally used near architectural places to decorate and increase the visual appeal of buildings. It illuminates the architecture and transforms the aesthetical experience of buildings. Nowadays, architainment lights are used in shopping malls, airports, tourist attractions, hospitals, etc. Growth of the construction industry and renovation work is anticipated to drive the architainment lighting market in the coming years.

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Rise in Musical Concerts and Social Events to Drive the Architainment Lighting Market

  • Growing social and entertainment activities such as musical concerts, social gatherings, and media events is expected to fuel the architainment lighting market worldwide. Musical and social events are popular entertainment activity that has increased significantly, which is expected to indirectly impact the architainment lighting market globally. Also, increasing construction activities and tourism is likely to positively impact the architainment lighting market.

North America to Lead the Global Architainment Lighting Market

  • In terms of region, the global architainment lighting market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
  • Europe includes country-level analysis for the U.K., Germany, France, and Rest of Europe. North America includes Canada, the U.S., and Rest of North America. The South America architainment lighting market is segmented into Brazil, and Rest of South America. Analysis and forecast of the architainment lighting market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the architainment lighting market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
  • The market in North America is likely to witness maximum demand for architainment lighting from 2019 to 2027, followed by Europe.
  • The growth of the construction sector is a major factor driving the architainment lighting market in the Asia Pacific region.

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Automotive

Automotive Engine Air Filter Market: Rising Adoption from Small and Medium-sized Enterprises to Fuel Growth 2019 – 2027

Automotive Engine Air Filter Market: Introduction

According to the report, the global automotive engine air filter market is projected to reach ~US$ 700 Mn by 2030, expanding at a CAGR of ~2% during the forecast period. Increase in per capita income and spending power of consumers is prompting them to own vehicles, which is a key factor fueling the automotive engine air filter market globally. The adoption of automotive components that boost vehicle fuel-efficiency by automakers is anticipated to propel the demand for engine air filter and subsequently, drive the global automotive engine air filter market.

Expansion of Automotive Engine Air Filter Market

Several government organizations and regulatory bodies, worldwide, are establishing new vehicle standards and enacting stringent regulations pertaining to vehicle emission. For instance, in India, BSVI regulations is expected to be implemented from April 2020 onwards. Countries in Europe are adhering to Euro 6 vehicle standards, which mandate automakers to reduce vehicle emissions. Engine air filter provides dust-free clean air to the engine combustion chamber, enriching the air-fuel mixture, which ensures complete burning of fuel, thereby reducing vehicle emissions.

Regional Analysis of Automotive Engine Air Filter Market

In terms of region, the global automotive engine air filter market has been segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of region, Asia Pacific is likely to emerge as a highly lucrative market for automotive engine air filter, driven by the demand for passenger vehicles in countries including China, India, Indonesia, New Zealand, and Malaysia in the region. Moreover, China, in Asia Pacific, has well-established aftermarket that caters to the automotive industry. The well-established supply chain also serves the automotive industry. Moreover, collaborations among automotive engine air filter market players and automakers in Asia Pacific are further boosting the automotive engine air filter market in the region.

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Rising trends toward electric vehicles globally is likely to hamper the automotive engine air filter market. Rise in revised taxes due to Brexit is likely to hinder production and sales of automobiles in Europe, which in turn is estimated to restrain the overall automotive industry in the region.

Key Companies in Automotive Engine Air Filter Market

Prominent players operating in the global automotive engine air filter market include A. L. Filter, ALCO Filter, Baldwin Filtering Medium, Cummins, DENSO CORPORATION, Donaldson Company, Inc., Fildex Filter Canada Corp., Filtrak BrandT GmbH, K&N Engineering, MAHLE International, Mann+Hummels, Nevsky Filter, North American Filter Corp., Robert Bosch GmbH, Siam Filtering Medium, Sogefi SpA, and UFI Filter SpA.

The development of automotive components undertaken by several key players are likely to propel the automotive engine air filter market during the forecast period. For instance, major players, including Sogefi SpA and Filtrak BrandT GmbH, in the automotive engine air filter market are focused on developing cost-effective and reusable engine air filters that cater to consumer demands.

Automotive

Automotive Semiconductors Market: Overview Of Key Market Forces Propelling And Restraining Market Growth 2016 – 2024

Increasing safety systems, not only passive safety e.g. seat belts, but mainly by electronic such as air bags, anti-lock braking systems (ABS), electronic stability control (ECS), blind spot detection (BSD), adaptive cruise control (ACC) and lane change assist (LCA) among others. These all intelligent functions mentioned above require a semiconductor device to perform their function. The main function of a semiconductor is to conduct electricity easily in one direction among other more specific functions.

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Regulations regarding safety and emission will drive the market for connected components and devices in the vehicle to ensure monitoring and reporting of vehicle emission complying to the regulations set by the government. They require increasingly powerful semiconductors to ensure that vehicles’ performance is in compliance. Thus the above reason in turn is helping the market for automotive semiconductors to grow during the forecasted period from 2016 – 2024.

Moreover vehicle standards such as New Car Assessment program (NCAP) that gives safety ratings to new vehicles manufactured as star-ratings, is boosting the car manufacturers to provide more and more electronic components to provide more safety and security systems for the vehicle. Obtaining the highest level of five star rating can act as a strong selling point for the vehicles. Its achievement relies on complex and sophisticated assisted driving systems that require significant semiconductor content for these systems to function.

The major drivers of automotive semiconductors market are growing numbers of electronic devices in a car to add passenger safety features and driver assistance systems. Even connected cars concept and other electronic devices present in the car that need to coordinate with the electronic control unit (ECU) are helping the growth of automotive semiconductors market during the forecasted period.

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Based on component, the global semiconductor vehicle market is majorly driven by the discrete power segment during the forecast period from 2016 to 2024. Increasing demand for electrification of the major automobile applications such as powertrain and ABS among others is the most important factor anticipated to accelerate the demand of power components such as IGBT and MOSFET.

Again by application, telematics & infotainment segment held the largest market share in 2015. Increasing competition among various vehicle manufacturers to offer better comfort and convenience to their customers is encouraging different automobile manufacturers to use various semiconductor components for telematics and infotainment applications.

Geographically, Asia Pacific region is predicted to dominate the automotive semiconductor market during the forecast period from 2016 to 2024. Rapid technological advancement taking place in the automotive sector in Asia Pacific region in respect of increased safety, reduced fuel consumption and powertrain applications is the primary factor anticipated to drive the demand of semiconductors used in automotive.

Some of the major players operating in the automotive semiconductor market includes Infineon technologies (Germany), NXP Semiconductors N.V. (Netherlands.), Texas Instruments Inc. (U.S.), Toshiba Corporation (Japan.), Robert Bosch GmbH (Germany) and ON Semiconductor Corp. (U.S.) among others.

Automotive

Automobile Audio Equipment Market: Understanding the Key Product Segments and their Future 2017 – 2025

Automobile audio equipment is a device connected in a vehicle providing in-vehicle entertainment and information to driver and passengers. The automobile audio equipment system gives integrated support and enhanced solutions to the users and replace the need for multiple products such as navigation system, music system and others. This system provides better connectivity, security and large entertainment options. Conventional automobile audio equipment system consists only a simple AM (analog modulation) system. With the advancement, current automobile audio equipment involves FM (Frequency modulation) radio, Bluetooth telephone integration, CD (compact discs) players, navigation systems and smartphone controllers like android auto and car play.

The driving factor for global automobile audio equipment market includes improved incorporation of digitalized content with advanced audio-visual navigation system. Moreover, demand for in-vehicle entertainment systems is growing with rapid rate. The integration of Bluetooth technology, installed into a vehicle’s audio system permits easy connectivity between the user’s phone and the vehicle’s audio system. Similarly, chips and microprocessor used in audio system provides improved sound quality. Due to these features, demand for automobile audio equipment market is growing continuously and it is expected to increase enormously during the forecast period.  However, the cost required to install automobile audio equipment is very high. Additionally, the design structure of automobile audio equipment market is very complex. These factors are hampering the growth of global automobile audio equipment market.

Global automobile audio equipment market is segmented on the basis of vehicle type, connectivity and geography. Based on type of vehicle, the global automobile audio equipment market is sub segmented into premium SUVs and luxury sedans. The market for premium SUVs is estimated to grow in forecasted period due to performance pickup trucks, and MP (media player) worldwide.

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The global automobile audio equipment market includes a few established players, who principally manufacture and supply innovative audio systems and components. The competition in this market is projected to strengthen in the estimated period due to higher demand of vehicles with advanced features. Moreover, the increase in customer preference for better quality vehicle audio-graphic and navigation systems will further raise competition in the market. Some of the key players are Bose, Harman, Bang & Olufsen, Burmester Audiosysteme, Alpine Electronics, Meridian Audio, Blaupunkt, Pioneer, Bowers & Wilkins, McIntosh Laboratory, Boston Acoustics, Dynaudio and meridian audio . among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Automotive

Agricultural E-commerce Market: Granular View of The Market from Various End-Use Segments 2020 – 2030

Global Agricultural E-commerce Market: Introduction

The need for e-commerce has increased extensively, with the increasing penetration of e-commerce and digitization mode of businesses. Agricultural e-commerce offers an important opportunity for cost reduction and demand enhancement of products. In recent years, more and more smallholders in developing countries such as China have begun to sell agri products directly to consumers via online shops from a third party trade platform.

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Global Agricultural E-commerce Market – Dynamics

Cost Competition

Competition among players operating in the agricultural sector has increased strongly in the past few years. Offline sales have increased the pressure of cost, supply chain, and intermediaries within the whole ecosystem. E-commerce is an efficient tool for micro and medium size businesses. This has helped sellers to reduce the transportation cost and also enabled access to untapped markets.

Increasing Adoption by Smallholders

It is increasingly clear that e-commerce has become a new and effective way of helping smallholders gain access to the market. E-commerce has empowered smallholders to sell most of their products at a higher price than before because of the elimination of the price squeeze from intermediaries and the marketing constraints of information asymmetry. The adoption by small holders is driving the growth of the agricultural e-commerce market.

Unawareness and Poor System Infrastructure

South America and Asia Pacific which are fastest growing regions face strong technological and digital gaps within the agricultural industry. The level of awareness among farmers or small sellers and the network infrastructure to smoothly run agricultural e-commerce at remote locations is not very effective. Unawareness about agricultural e-commerce and poor network infrastructure is hampering the growth of the market.

Asia Pacific to Dominate the Global Agricultural E-commerce Market

In terms of region, the global agricultural e-commerce market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to dominate the agricultural e-commerce market during the forecast period due to its strong dominance in the agricultural industry and increasing adoption of e-commerce platforms for selling agricultural products.

COVID-19 Impact on the Global Agricultural E-commerce Market

The COVID-19 pandemic is expected to moderately impact the global agricultural e-commerce market for a short-term period. The gap within the supply chain and transportation has been affected adversely due to the lockdown in almost every region. Sudden stoppage of transportation service have led to huge losses to e-commerce platforms. It is expected that COVID-9 will impact this market till the 2020 year end.

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Automotive

Automated Floor Cleaning Equipment Market: Industry Insights, Trends and Forecast upto 2019 – 2027

Automated Floor Cleaning Equipment Market – A fully automated or semi-automated programed machine for floor cleaning purpose

  • Automated floor cleaning equipment are automatic or semi-automatic machines programmed to clean floors and rugs, among others.
  • Automated floor cleaning equipment include cordless electric brooms, scrubbers, vacuum cleaners, etc.
  • These are used for both residential and commercial purposes. Advancements in technology has increased the usage of automatic or smart cleaning equipment.
  • Moreover, the introduction of robotic floor cleaners or floor cleaning robots is anticipated to drive the floor cleaning equipment industry.               

Increase in Awareness about Cleanliness in Commercial and Public Places to Drive the Global Automated Floor Cleaning Equipment Market

  • Rise in awareness about maintaining basic hygiene and cleanliness in commercial places, which include corporate offices, shopping malls, supermarkets, multiplexes, etc., is anticipated to drive the automated floor cleaning equipment market during the forecast period. The use of automated floor cleaning equipment in public places, such as railway stations, metro stations, airports, schools, colleges, and government offices, among others, is increasing.

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Advancements in Cleaning Technology to Drive Automated Floor Cleaning Equipment Market

  • Technological advancements have positively impacted the automated floor cleaning equipment market. Major brands are likely to focus on product innovation and research & development activities to strengthen their foothold in the global automated floor cleaning equipment market. Moreover, manufacturing companies are focusing on reducing their cost of production and increasing profitability through technology upgrade.

Asia Pacific to Hold a Leading Share of Global Automated Floor Cleaning Equipment Market

  • Geographically, the global Automated Floor Cleaning Equipment market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
  • North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the Automated Floor Cleaning Equipment market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the Automated Floor Cleaning Equipment market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America Automated Floor Cleaning Equipment market is segmented into Brazil, and Rest of South America.
  • Asia Pacific dominates the market share due to growing consumer preference for automated products which has increased global sales of automated floor cleaning equipment.
  • However, Asia Pacific is anticipated to grow at a fastest CAGR growth rate during the forecast period. Rising demand of robotic consumer products is projected to drive product innovation and launches in the region.
Automotive

Automatic Waste Collection System Market: Clear Understanding of The Competitive Landscape and Key Product Segments 2019 – 2027

Automated Waste Collection System: Introduction

  • An automated waste collection system (AWCS) is used to transport waste at high speed through underground pneumatic tubes or vacuum tubes to a collection station where the waste can be sealed and compacted in containers. Additionally, AWCSs are used to dump the garbage via a hidden underground pipe network to a waste collection station, eliminating the need for space created for manual waste collection and dump bins.
  • Automated waste collection systems offer a number of aesthetic, environmental, and practical benefits over conventional waste collection systems across the world. AWCSs reduce air pollution and carbon dioxide emission.  
  • An AWCS is designed to take in a wide range of waste such as glass, large sheets of cardboard, metals, and clothes, which can be recycled at a waste point or in a recycling room.
  • Furthermore, automatic waste collection systems are integrated with vacuum technology, which enables cost-efficient and sustainable waste collection.
  • Automatic waste collection systems manages the waste by automatically segregating the waste material.  This waste management system curbs disease and pollution, which are caused by unwanted waste.

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Global Automated Waste Collection System Market: Dynamics

Global Automated Waste Collection System Market: Key Drivers and Restraints

  • Automated waste collection systems are used as a waste management option across the world for a cleaner and greener environment in the light of new legislations with respect to waste collected and transported by road. This in turn is expected to accelerate the growth of automated waste collection systems over the forecast period.
  • Local authorities and governments of developed and developing countries are focusing on proper disposal of garbage and waste piles to preserve demographic or human health and surroundings. This is expected to drive the automatic waste collection system market.
  • Furthermore, manufacturers of AWCS are moving toward state-of-the-art technologies, i.e., Internet of Things (IoT), robotics, and others, for collecting the waste. Market vendors are upgrading the sorting equipment by pairing robotics with artificial intelligence so as to lower the impurity content post sorting. This is one of the important factors boosting the demand for automated waste collection systems.  
Automotive

Automotive Closures Market: Opportunity Analysis and Industry Forecast upto 2020 – 2030

Automotive Closures Market: Introduction

  • Automotive closures are a non-structural part of the vehicle that are hinged to the body frames, such as doors, to allow entry and exit from the vehicle. Automotive closures are a critical part of the vehicle, as they contribute to vehicle safety and add functional value. Automotive closures have witnessed a significant amount of development, in terms of design, weight, and features, for the last few years.

Key Drivers of Global Automotive Closures Market

  • The global automotive closure market is primarily driven by an increase in sales of vehicle. Increased demand for commute among youth and middle income families has fueled the sales of new vehicles. Availability of zero down-payment and attractive EMI options and easy financing of subprime mortgages are boosting the ownership of vehicles, which in turn is driving the automotive closures market.
  •  Adoption of fancy hull-winged doors, electric powered tailgates, and smart doors has increased the value of closures, which in turn is boosting the market in terms of value. Rise in sales of premium vehicles and increased demand for electric and connected features in vehicles is estimated to drive the automotive closures market.
  • Rising consumer preference for fuel-efficient vehicles and increasing stringency in emission norms are driving the development of low weight automotive closures. Composite materials and plastics are being used for tailgates. Doors & bonnets are increasingly being manufactured using aluminum alloys, which is expected to further boost the market in terms of value.

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Challenges to Global Automotive Closures Market

  • Unlike most functional automotive components, automotive closures such as door, bonnet, and tailgates can be repaired for minor dent or damage. Consequently, demand for replacement in the aftermarket is largely subdued by repair work.

Passenger Vehicle to Hold Majority Share of Automotive Closures Market

  • The passenger vehicle segment is anticipated to hold a leading share of the global market owing to its higher production volumes

Powered Segment to Gain Market Share

  • The automotive industry across the globe is witnessing a major shift from manual to electric. Remote operated and digitally operated tailgates, bonnet, doors, and roof are being extensively adopted even in entry level cars. The manual segment is expected to record a significant decline during the forecast period

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Automotive

Tire Monitoring System Market: Key Players and Production Information analysis with Forecast 2019 – 2027

Global Tire Monitoring System Market – Introduction

  • Tire monitoring systems, such as tire pressure monitoring system (TPMS) and Anti-Lock Brake System (ABS), are designed to warn a vehicle owner/driver if the pressure in the tire falls below a certain pre-defined value and help maintain stability of the vehicle under various driving situations.
  • Stringent vehicle norms enacted by organizations, such as U.S. department of Transportation and National Highway Traffic Safety Administration (NHTSA), have compelled automakers to adopt various safety systems in their vehicles in order to curb road accident fatalities. This, in turn, is fueling research and development in vehicle safety systems such as TPMS and ABS.

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Passenger vehicle segment to expand significantly

  • The tire monitoring system in passenger vehicles is necessary, as maintaining optimum tire pressure is essential for safe driving. Passenger vehicles carry commuters irrespective of driving situations, which includes rain, snow, or icefall.
  • Vehicle safety, fuel-efficiency, and carbon emissions are major concerns that are addressed by various rules and regulations enacted by governments across the globe, which in turn drive the demand for effective tire monitoring systems
  • The factors mentioned above, fuel the high rate of adoption of tire monitoring systems in passenger vehicle segment, thereby driving the market for tire monitoring systems.

Lack of standards hamper global tire monitoring system market

  • Different vehicle segments use different tires and have different prescribed or suggested air pressures as per load carrying capacity. For instance, tires of a passenger vehicle have been prescribed an air pressure of 35 psi, while the tires on a light truck need to be inflated with 80 psi air pressure.
  • Regulations mandate the use of TPMS system in vehicles, and subsequently, the driver of a vehicle is warned if the air pressure falls below 25% of the manufacturers prescribe tire pressure limit. This means a light truck driver won’t be warned until the air pressure reaches 60 psi, which in turn compromises the load carrying capacity of the vehicle, thereby decreasing fuel-efficiency of the vehicle.
  • Lack of set of standards catering to different types of vehicles and varying air pressure among vehicles and load carrying capacity creates disparity between available mandatory regulations and reality.

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