GAC Motor Delivers 550,000 GAC-made masks to International Distribution Partners in 26 Countries

Goodwill spreads as the partners donate GAC-made masks to local medical institutions

GUANGZHOU, China, June 1, 2020 /PRNewswire/ — The 550,000 masks that GAC Motor began shipping overseas in early April have arrived in 26 countries for local employees, distribution partners, and customers. Some partners spread the goodwill by donating part of the masks to organizations in need of medical supplies such as local medical institutions.

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Goodwill spreads as the partners donate GAC-made masks to local medical institutions

GUANGZHOU, China, June 1, 2020 /PRNewswire/ — The 550,000 masks that GAC Motor began shipping overseas in early April have arrived in 26 countries for local employees, distribution partners, and customers. Some partners spread the goodwill by donating part of the masks to organizations in need of medical supplies such as local medical institutions.

Experience the interactive Multichannel News Release here: https://www.prnasia.com/mnr/gacmotor_202005.shtml

GAC Motor received strong support from overseas employees and partners to support the COVID-19 prevention and control in China at the early stage of the epidemic. At the end of February, GAC Group, the parent company of GAC Motor, transformed and set up mask production lines for long-term prevention and control. As the outbreak spread, overseas employees and partners were also experiencing masks shortages. GAC Motor decided to help them in return with GAC-made masks. 

Goodwill never stops. After receiving the masks, the partners decided to pass on the goodwill and donate part of the masks to local medical institutions. CIG Motors, GAC Motor’s partner in Nigeria, donated 50,000 medical surgical masks and other supplies to local health facilities. Impofactor CA, the representative company of GAC Motor in Ecuador delivered 30,000 masks to the National Emergency Operations Committee to support the fight against COVID-19, and supported the Cañar Red Cross to carry out rapid testing of COVID-19 at home with GAC MOTOR’s vehicles. Its exclusive distributor in Panama Grupo Auto Comercial donated 10,000 masks to the local children’s hospital and the Instituto Nacional de Medicina Física y Rehabilitación. In Bolivia, about 10,000 GAC-made masks were sent to the government of Santa Cruz, which will distribute them to hospitals and health centers in the city.

With the assistance from GAC Motor headquarters, overseas dealers have also taken actions to fight against the epidemic and ensure continuity of business operations, including strictly implemented daily disinfection, temperature checks and other epidemic prevention measures. They also shared car care and cleaning tips to reduce the risk of exposure to COVID-19 for consumers. 

The company considers the health and safety of customers and employees a top priority. To this end, its parent company GAC Group has signed a strategic cooperation agreement with the Guangzhou Institute of Respiratory Health to jointly build an engineering technology center and production base for respiratory infection prevention and control. One of the focuses of the facility will be researching and developing disinfection, infection prevention and control technology for cars, which is expected to be applied to GAC MOTOR’s products in the future and provide enjoyable experience of mobility for the company’s global consumers.

For more information, please visit:

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GAC MOTOR provides face masks to its overseas partners.

 

GAC masks arrive at dealer shops in UAE.

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IDTechEx Research – How is COVID-19 Shaping the Future Mobility Landscape

BOSTON, May 29, 2020 /PRNewswire/ — During the COVID-19 outbreak, the automotive industry has been hit hard by shutdowns of factories and sales around the world. The pandemic has slowed down global car sales and is shifting consumer behaviours in travel. Over the long term, COVID-19 could have a lasting impact on the mobility landscape.

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BOSTON, May 29, 2020 /PRNewswire/ — During the COVID-19 outbreak, the automotive industry has been hit hard by shutdowns of factories and sales around the world. The pandemic has slowed down global car sales and is shifting consumer behaviours in travel. Over the long term, COVID-19 could have a lasting impact on the mobility landscape.

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As the pandemic spreads, social distancing has become the theme of 2020, which has been having a huge impact on mobility behaviours, especially for shared mobility. In the past few months, we have seen a significant drop in the operation and usage of public transportation. The same happened to mobility-as-a-service (MaaS) such as ride-hailing. According to Lyft, its ride-hailing business was down 70% year over year in April 2020. People are switching mobility preferences towards those that make them feel less vulnerable to infection, such as private driving, walking or cycling. At least in the short term, we will see an increase in private driving miles for those who already own a car. For those who cannot afford a car, alternative mobility modes, such as micromobility and car sharing, that have less risks than public transport can have some opportunities if service providers apply strict disinfection measures. Such measures could include, for example, frequent disinfection of vehicles, safety guidance and updates, restriction on the number of passengers per vehicle or even free sanitizers to passengers.

In the mid and longer term, the pandemic could cause some dramatic shifts in future mobility. Autonomous driving can provide a valuable mobility solution in the new world where social distancing awareness continues. During the pandemic, autonomous driving tests and pilots have been suspended due to lockdowns. However, autonomous mobility could experience even faster development as the world recovers from the COVID-19 crisis. In China, as the mobility industry is slowly recovering, we have also seen many autonomous driving companies resume tests and pilots across the country. Tech giant Baidu launched a free robotaxi service in the city of Changsha in April, which allows all users in the city to hail a free ride via its popular search engine app Baidu and navigation app Baidu Maps. Unlike ride-hailing which suffers a lot during the pandemic, robotaxis which do not require a driver in the future can support physical distancing and thus greatly complement public transport as well as private driving.

As the world recovers from the COVID-19 crisis, significant shifts will happen in both the supply and demand sides of mobility. The pandemic has caused a heavy blow to the world of MaaS and the industry players need to think about new norms and better understand the opportunities for MaaS. The pandemic could accelerate the development of autonomous driving as people would like to be prepared for the future. The autonomous car and robotaxi market will be worth $2.5 trillion per year by 2040, according to research by IDTechEx on Autonomous Cars and Robotaxis 2020-2040.

Autonomous driving requires a full technology stack of hardware such as sensors and computing platforms, as well as non-hardware components including AI software and high-definition maps – which are completely different from the traditional automotive approach. As the autonomous driving technologies mature, as well as the scale ramps up, the cost of self-driving systems is expected to drop significantly over the next decade. The latest report from IDTechEx, «Autonomous Cars and Robotaxis 2020-2040«, builds a detailed technology roadmap and a granular market forecast for autonomous mobility. It offers an in-depth analysis of key enabling technologies including lidars, radars, cameras, AI software, HD maps, teleoperation, cybersecurity, and 5G & V2X. Key technology trends as well as market players are presented for each of these enabling technologies.

For more information on this report, please visit www.IDTechEx.com/Autonomouscars or for the full portfolio of Electric Vehicles and Robotics research available from IDTechEx please visit www.IDTechEx.com/Research.

IDTechEx guides your strategic business decisions through its Research, Consultancy and Event products, helping you profit from emerging technologies. For more information on IDTechEx Research and Consultancy, contact research@IDTechEx.com or visit www.IDTechEx.com.

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Titanium Mobility App Paves the New Way in Car Rental

LONDON, May 28, 2020 /PRNewswire/ — Titanium Mobility is a newly launched whitelabel app by Car Rental Gateway. This app gives a possibility to fully digitise car rental service and through that provides customers with contact-free and frictionless rental…

LONDON, May 28, 2020 /PRNewswire/ — Titanium Mobility is a newly launched whitelabel app by Car Rental Gateway. This app gives a possibility to fully digitise car rental service and through that provides customers with contact-free and frictionless rental experience. It has a built-in ability to interact with different cloud services enabling full rental flow from booking and accessing the car to payments and billing.

Car Rental Gateway’s new white-label app is a promise for a better future in car rental

«Our new whitelabel app is a promise for a better future in car rental,» says Martin Kallasmaa, Car Rental Gateway’s Commercial Director. «It makes renting a car contactless and gives customers the freedom to go anywhere they need to without any hassle. This is exactly the solution that the market needs right now—flexible, efficient, and smart. It has every potential to bring exponential growth and revenue for all integrated parties.»

Although there has been a rapid shift towards digitisation across the different industries, the core essence of the car rental service has remained the same for decades. This comfortably settled business landscape has provided very little incentive for change. Many rental operators are using the same processes they have been using for the last 40 years. That is to say until now.

COVID-19 has brought with it travel bans and the necessity to avoid human contact. This has made crowded rental desks and long queues disappear but the possibility to have access to rental cars is also quite limited. This is due to the fact that the majority of rental companies do not have any or have a limited number of smart rental offers that ensure contactless rental process.

While more enthusiastic rental providers have started developing their own apps and working on keyless offers, these changes help overcome some of the shortages present in the industry right now, but also give rise to some new challenges. Let’s say that you are a frequent traveller who visits different locations. To be able to book a car, you should have full knowledge of all global and regional rental providers out there and having this knowledge download each and every provider’s application to your phone. Even worse, you still need to operate between these apps to get the booking that would best suit your needs.

The abundance of available rental applications is due to the fact that rental companies are holding onto their identities and branding. That is understandable as they have worked hard to build their image. At the same time, they need access to the global markets—this is where the comparison and booking sites come in. Those sites have the capability to offer more language and personalisation options in a scale unthinkable to a single car rental provider. Car Rental Gateway’s whitelabel app can consolidate the operators on the market into a unified customised service line. This means that the customers will be dealing with only one contact throughout their rental journey and will have a dedicated, real live person at their service. While car rental brokers with their e-commerce competencies would be able to take care of customer service and the whole rental journey, the car rental operators could focus on their area of expertise—a well maintained rental fleet.

The team behind Car Rental Gateway has been steering e-commerce solutions in car rental distribution software since 2001. Their experience lies in bringing together mobility providers and travel distributors, including online travel agents, comparison sites, airlines, and car rental brokers. They are considered to be one of the leading global technology providers in the industry—they have built the core platform for Rentalcars.com, the biggest online broker in the market, and provide Expedia with unified data and connectivity with all major car rental operators available.

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United Kingdom
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Automotive Composites Market Revenue to Surpass USD 5.5 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Delaware, May 28, 2020 /PRNewswire/ — According to latest report «Automotive Composites Market by Fiber (Glass, Carbon, Natural), Resin (Thermoset, Thermoplastic), Manufacturing Process (Compression, Injection, Resin Transfer Moulding), Application (Interior, Exterior, Structural & Powertrain), Regional Outlook, Competitive Market Share & Forecast 2026», by Global Market Insights, Inc., the <a target="_blank"…

SELBYVILLE, Delaware, May 28, 2020 /PRNewswire/ — According to latest report «Automotive Composites Market by Fiber (Glass, Carbon, Natural), Resin (Thermoset, Thermoplastic), Manufacturing Process (Compression, Injection, Resin Transfer Moulding), Application (Interior, Exterior, Structural & Powertrain), Regional Outlook, Competitive Market Share & Forecast 2026», by Global Market Insights, Inc., the market valuation of automotive composite will cross $5.5 billion by 2026. Growing use of composites to reduce vehicle weight will primarily propel the market demand.

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Automotive composites are light weight structures used in the manufacturing of several interior, exterior, and other auxiliary applications in vehicle. Rising adoption of hybrid and electric vehicles globally in line with governmental initiatives and support for enhancing the environmental quality will surge the automotive composites market size.

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Glass fiber segment dominates the market in 2019 and is anticipated to grow at the CAGR of around 6% from 2020 to 2026, led by high stiffness and relative strength over other fibers. Further, high heat resistance, low dielectric constant and cost effective nature these fibers will positively influence the product sales over the study period.

Injection manufacturing process segment in the automotive composites market accounts a fair share of over 15% in 2019 and is estimated to grow at significant rate till 2026. This is because it is considered to be a cost-effective solution for large-scale molding projects. Further, less energy usage coupled with less floor spacing will induce significant growth potential toward the revenue generation.

Automotive composites find usage in interior, exterior, structural and powertrain and other applications such as fenders, tail gate, and lift gate. Here, composites application for structural and powertrains account for one third of the industry due to extensive deployment of glass and carbon fiber for the structural components including chassis and body panels. Thus, introduction of lightweight materials for these components, will induce immense potential to the market growth.

Europe automotive composites market is likely to witness a growth of around 7% during the forecast period, owing to high demand from the countries including Spain, Germany, France, and the UK. Established automobile industry along with mandatory regulations to reduce CO2 emissions in vehicles will further contribute significantly toward the revenue generation in the market.

Prominent companies in the market include Cytec Solvay Group, Hexcel Corporation, Johns Manville Corporation, Toray Industries, Teijin Ltd., Mitsubishi Rayon Co., Ltd., and Owens Corning as key participants. Industry leaders are focusing on technology advancement, merger & acquisitions, and geographic expansion strategies in the long run.

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Table of Contents (ToC) of the report:

Chapter 3    Automotive Composites Market Insights
3.1    Industry segmentation
3.2    Industry landscape, 2016 – 2026
3.3    Industry ecosystem analysis
3.3.1    Raw material suppliers
3.3.2    Manufacturers
3.3.3    Profit margin analysis
3.3.4    Distribution channel analysis
3.3.4.1    End-users
3.3.4.2    E-commerce
3.3.5    Application
3.3.6    Vendor matrix
3.4    Pricing analysis
3.4.1    By region
3.5    Cost structure analysis
3.5.1    R&D cost
3.5.2    Manufacturing & equipment cost
3.5.3    Raw material cost
3.5.4    Others
3.6    Technology landscape
3.6.1    Carbon fiber reinforced thermoplastic composites (CFRTP) technology
3.6.2    Predictive engineering tools
3.7    COVID-19 impact on automotive composites industry
3.8    Regulatory landscape
3.8.1    U.S.
3.8.1.1    The National Highway Traffic Safety Administration (NHTSA)
3.8.1.2    California Standards
3.8.2    Europe
3.8.2.1    European Commission
3.8.3    APAC
3.8.3.1    China Emission Standards
3.8.3.2    Japan
3.8.3.3    India
3.8.3.4    South Korea
3.8.4    LATAM
3.8.4.1    Brazil
3.8.5    MEA
3.8.5.1    South Africa
3.9    Industry impact forces
3.9.1    Growth drivers by region
3.9.2    Industry pitfall & challenges
3.10    Innovation & sustainability
3.11    Growth potential analysis
3.12    Porter’s analysis
3.13    Competitive landscape, 2019
3.13.1    Company market share
3.13.1.1    Top players analysis
3.13.2    Strategy dashboard
3.13.3    List of manufacturing plants
3.14    PESTLE analysis

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About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Digital Retailing and Vehicle Leasing to Propel Automotive Recovery Path, Says Frost & Sullivan

Mobility verticals such as EV, vehicle rental, and connectivity solutions unlock new opportunities for OEMs

SANTA CLARA, Calif., May 27, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Automotive Industry, 2020, presents the impact of the pandemic on the automotive sector under three scenarios—gradual containment, severe pandemic, and global emergency—resulting in outcomes ranging from steady recovery to recession….

Mobility verticals such as EV, vehicle rental, and connectivity solutions unlock new opportunities for OEMs

SANTA CLARA, Calif., May 27, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Automotive Industry, 2020, presents the impact of the pandemic on the automotive sector under three scenarios—gradual containment, severe pandemic, and global emergency—resulting in outcomes ranging from steady recovery to recession. Under the severe pandemic scenario, original equipment manufacturers (OEMs) will try to capitalize on China’s early recovery from the pandemic, while overall economic relief measures in the U.S., Germany, France, and the U.K. will provide the necessary boost to the market in the post-recovery period.

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For further information on this analysis, please visit: http://frost.ly/44c

«Major Asian vehicle manufacturing countries such as China, Japan, and South Korea, which accounted for 40% of global vehicle production in 2019, are on the recovery curve. The other two major automotive manufacturing powerhouses, the U.S. and Germany, are expected to resume production partially by mid-June,» said Vigneshwaran Ramesh, Automotive & Transportation Senior Research Analyst at Frost & Sullivan. «Additionally, risk mitigation strategies such as offering financial flexibility and support to the entire ecosystem, including to dealers, suppliers and customers, will help OEMs of the world to revive.»

Vignesh added: «The impact of the pandemic on the automotive sector will unlock new opportunities for other mobility verticals such as electric vehicles (EV), vehicle leasing, and connectivity solutions. EV sales will experience a medium impact as China will revive fastest from the pandemic with manufacturing plants returning to normal. Further, new vehicle leasing for the corporate segment is expected to sustain moderate growth, owing to the demand for greater flexibility and short-term contracts, whereas OEMs will emphasize connectivity services to enhance their revenue stream.»

To tap into opportunities in this COVID-19 recovery era, consider the following growth prospects:

  • OEMs and dealers should focus on digital retailing and empower customers on their online journeys.
  • With the rise of eCommerce, light commercial vehicle (LCV) leasing and rental solutions are gaining traction, especially during the pandemic.
  • With increasing epidemic outbreaks (SARS, MERS, and COVID), OEMs can ramp up connectivity services, emphasizing the need for health, wellness and wellbeing services within the vehicle.
  • Contactless and touchless business concepts will leverage aftermarket opportunities, helping on-demand service models gain further momentum.

COVID-19 Growth Impact Assessment for the Automotive Industry, 2020 is part of Frost & Sullivan’s global  Automotive & Transportation Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

COVID-19 Growth Impact Assessment for the Automotive Industry, 2020 

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Automotive Piston Market Worth $2.2 Billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 27, 2020 /PRNewswire/ — According to the new market research report «Automotive Piston Market by Component (Piston, Piston Ring, Piston Pin), Material (Steel, Aluminum), Coating Type (Dry Film Lubricants, Thermal Barriers, Oil Shedding), Piston Shape, Vehicle & Fuel…

CHICAGO, May 27, 2020 /PRNewswire/ — According to the new market research report «Automotive Piston Market by Component (Piston, Piston Ring, Piston Pin), Material (Steel, Aluminum), Coating Type (Dry Film Lubricants, Thermal Barriers, Oil Shedding), Piston Shape, Vehicle & Fuel Type, Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Piston Market is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Factors such as fuel shift towards gasoline passenger cars & especially towards GDI engines and the demand for lightweight piston components are projected to create a potential need for automotive pistons in the coming years.

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Passenger Car Segment is estimated to hold the largest share in Automotive Piston Market

The passenger car segment is estimated as the largest market for automotive piston as this type of vehicle contributes to >60% of the global vehicle production. According to the ACEA, passenger car production hit 66 million in 2018; this figure is expected to go beyond 70 million by 2024–2025, with the Asia Pacific and North America being the leading regions. All these factors will increase the demand for piston from the passenger car segment in the coming years.

The gasoline segment is estimated to the largest growing segment in the Automotive Piston Market

Gasoline vehicle has the highest penetration in passenger and light-duty vehicles. Whereas, the usage of gasoline in heavy commercial vehicles is virtually zero. The overall market share of gasoline engines, irrespective of vehicle type, is expected to be ~75% in 2020. Owing to the new emission regulations, the demand for gasoline vehicles is estimated to increase in the coming years. Also, as gasoline vehicles require less maintenance as compared to diesel vehicles, their application is rising in the passenger car segment. Therefore, piston systems for gasoline vehicles account for a larger share of the market, and this trend is expected to continue during the forecast period.

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Asia Pacific: The largest Automotive Piston Market

China, Japan, South Korea, and India are the largest vehicle producers globally. These countries accounted for 49% of the global vehicle production in 2019 (China alone accounted for 30% of the global vehicle production in 2019). The demand for 3-cylinder and 4-cylinder engines is high in the Asia Pacific as it is a major hub for small car production. The key OEMs in this region include Brilliance Auto, Shanghai Automotive Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Hawtai Motor Group, and Honda Motor Co., Ltd. Hence, the Asia Pacific is the largest market for automotive pistons. The Asia Pacific contributed to 37% of the demand for pistons, in terms of value, in 2019. Some of the top-selling models in 2019 in China and Japan were Volkswagen Lavida, Nissan Sylphy, Haval H6, Nissan Note, Toyota Prius and Aqua, and Nissan Serena.

Major players like Dana and Lydall are investing and increasing their footprint in the Asia Pacific market. For instance, in 2018, Dana inaugurated a plant that would manufacture thermal management products for conventional and new-energy vehicles in Yancheng, China. The rising penetration of such companies in Asia Pacific will drive the overall market.

The Automotive Piston Market is dominated by global players and comprises several regional players as well. The key players in the automotive piston industry are MAHLE GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Rheinmetall Automotive AG (Germany), Tenneco Inc. (US), and Art Metal Mfg. Co. Ltd. (Japan).

Browse Related Reports:

Automotive Fuel Injection Systems Market by Technology (Port Fuel, Gasoline Direct, & Direct Diesel), Fuel Type (Gasoline & Diesel), Region (APAC, Europe, North America, & RoW), Vehicle Type (PC, LCV, & HCV), and by Component – Trends & Forecast to 2020

Automotive Engine and Engine Mounts Market by Fuel Type (Gasoline, Diesel, Natural Gas, & Hybrid), Engine Size, Engine Type (L4, L6, V6, and V8), Engine Mounts, Vehicle Type (PC, LCV, HCV, and Two-Wheeler), & by Region – Global Trends & Forecast to 2020

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Automotive Wheel Market Revenue to Exceed USD 120 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Delaware, May 27, 2020 /PRNewswire/ — According to latest report «Automotive Wheel Market by Material (Aluminum, Steel, Magnesium, Carbon Fiber), Product (Regular, High Performance), End-use (OEM, Aftermarket), Vehicle (Passenger Cars, LCV, Heavy Trucks, Buses & Coaches, Trailers), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026», by Global Market Insights, Inc., the <a target="_blank"…

SELBYVILLE, Delaware, May 27, 2020 /PRNewswire/ — According to latest report «Automotive Wheel Market by Material (Aluminum, Steel, Magnesium, Carbon Fiber), Product (Regular, High Performance), End-use (OEM, Aftermarket), Vehicle (Passenger Cars, LCV, Heavy Trucks, Buses & Coaches, Trailers), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026», by Global Market Insights, Inc., the market valuation of automotive wheel will cross $120 billion by 2026. Growing demand for lightweight and corrosion resistant wheels will drive the industry growth.

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Ongoing innovations to enhance vehicle performance, reduce vehicle downtime, and cost-effectiveness will support automotive wheel market growth. The development of distinct forms of alloys including aluminum, steel, and magnesium to provide improved heat conduction and aesthetics over conventional steel wheels are among the major industry trends. Moreover, advancements in handling capabilities of lighter wheels by reducing unwanted mass, permitting suspension to follow the terrain more carefully, and improving grip will drive product demand.

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Heavy trucks vehicle segment in the automotive wheel market will foresee steady growth over the study timeframe with rapid industrialization and urbanization. Environmental regulations governing the fuel emission levels is escalating the utilization of lighter wheels without compromising strength and rigidity. Development of materials for bearing high load carrying capacities coupled with increased freight demand will provide a positive outlook for the market.

Carbon fiber segment will witness around 6% gains through 2026 owing to high tensile strength, stiffness, and lower weight of carbon fibers. Carbon fiber wheel offers improved braking, acceleration, and consistent performance compared to aluminum wheels. Increasing production of fuel-efficient cars utilizing carbon fiber wheel is fueling the market growth.

North America automotive wheel market size is anticipated to observe more than 6% CAGR during the forecast period impelled by presence of multiple wheel manufacturers including Wheel Pros, U.S. Wheel Corporation, Superior Industries and Maxion wheels. The industry players are acquiring manufacturers to strengthen their regional presence.

Shifting consumer preferences towards customized wheels available at lower prices is driving the automotive wheel aftermarket growth. High quality products conforming with the standards enforced by OEM ensuring the reliability and functionality of the products is gaining a higher visibility. Further, increasing demand for vehicles with improving economic conditions in developed and emerging nations is boosting the industry expansion.

Major automotive wheel market players include Maxion Wheels, Ronal Group, Titan International, Inc., Zhejiang Wanfeng Auto Wheel, Borbet GmbH, Topy Industries Limited, and Superior Industries International, Inc. Product innovation and portfolio expansion will be the key strategies for industry players to enhance their market share.

Industry players are constantly focusing on enhancing their production facilities and upgrading their solutions to differentiate their services from competitors. Additionally, OEMs are adopting several cost reduction initiatives, such as opting for low-cost processes and establishing new commercial partnerships, to increase profitability.

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Table of Contents (ToC) of the report:

Chapter 3  Automotive Wheel Market Insights

3.1 Industry segmentation

3.2 Industry landscape, 2016 – 2026

3.2.1 COVID-19 impact on industry landscape

3.3 Industry ecosystem analysis

3.3.1 Component suppliers

3.3.2 Manufacturers

3.3.3 Distribution chain analysis

3.3.3.1 Distributors

3.3.3.2 E-commerce

3.3.4 End users

3.3.4.1 OEM

3.3.4.2 Aftermarket

3.3.5 Profit margin analysis

3.3.6 Value chain disruptions due to COVID-19

3.3.7 Vendor matrix

3.4  Technology landscape

3.4.1 Casting technology

3.4.1.1 Low Pressure Die Casting (LPDC)

3.4.1.2 High Pressure Die Casting (HPDC)

3.4.1.3 Gravity casting

3.4.2 Flow forming technology

3.4.3 Forging technology

3.4.4 High Light Technology (HLT)

3.5 Regulatory landscape

3.6 Industry best practices and key buying criteria

3.6.1 Need recognition

3.6.2 Information search

3.6.3 Evaluation of alternatives

3.6.4 Purchase decision

3.6.5 Post purchase behaviour

3.7 Global automotive production overview

3.7.1 Production data

3.7.2 Automotive production, by country (

3.7.2.1 Passenger cars

3.7.2.2 Commercial Vehicles

3.8 Differentiation in paint layering overview

3.9 Automotive wheel paint layering, by material

3.9.1 Aluminum

3.9.2 Steel

3.9.3 Magnesium

3.9.4 Carbon

3.10 Automotive wheel consumption scenario

3.11 Pricing analysis, 2019 (including COVID-19 impact)

3.11.1  Regional pricing

3.11.1.1 North America

3.11.1.2 Europe

3.11.1.3 Asia Pacific

3.11.1.4 Latin America

3.11.1.5 Middle East & Africa

3.11.2 Cost structure analysis, 2019

3.11.2.1 Raw material cost

3.11.2.2 Labor cost

3.11.2.3 Other raw material cost

3.11.2.4 Energy & Utilities cost

3.12 Industry impact forces

3.12.1 Growth drivers

3.12.2 Industry pitfall and challenges

3.13 Innovation & sustainability

3.13.1 MICHELIN ACORUS technology

3.13.2 One-piece, super light, hollow carbon fiber wheel technology

3.14 Growth potential analysis, 2019

3.15 Porter’s analysis

3.16 Competitive landscape, 2019

3.16.1 Global company market share analysis, 2019

3.16.2 Company performance analysis, 2019

3.17 Strategy dashboard

3.18 PESTLE analysis

3.19 COVID-19 impact on automotive industry

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Electric Coolant Pump Market Worth $662 Million by 2027 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 26, 2020 /PRNewswire/ — According to the new market research report «Electric Coolant Pump Market by Type (Sealed, Sealless), Sealless (Electrical, Magnetic), Power Output (<100W, >100W), Vehicle Type (PV, 48V, CV, BEV, PHEV), Communication Interface (LIN, CAN, PWM), Application and Region – Global Forecast to…

CHICAGO, May 26, 2020 /PRNewswire/ — According to the new market research report «Electric Coolant Pump Market by Type (Sealed, Sealless), Sealless (Electrical, Magnetic), Power Output (<100W, >100W), Vehicle Type (PV, 48V, CV, BEV, PHEV), Communication Interface (LIN, CAN, PWM), Application and Region – Global Forecast to 2027«, published by MarketsandMarkets™, the global Electric Coolant Pump Market size for electric vehicles is projected to reach USD 662 million by 2027 from an estimated USD 227 million in 2020 at a CAGR of 16.5% during the forecast period.

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The growth of Electric Coolant Pump Market size is influenced by factors such as stringency in emission norms, increasing sales of electric vehicles, and turbocharged engines. Additionally, rising sales of electric vehicles, continuous developments in pump specifications like power output, and growing collaborations between electric coolant manufacturers and OEMs are also driving its growing popularity. Therefore, the Electric Coolant Pump Market is expected to witness significant growth in the future.

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48V is expected to be the largest market in the vehicle voltage segment

According to MarketsandMarkets analysis, the 48V Electric Coolant Pump Market is estimated to be the largest during the forecast period. 48V vehicle architecture is growing in popularity due to increasing sales of 48V vehicles and MHEVs. As 48V vehicles employ more number of electric coolant pumps than 12V vehicles, increasing sales of 48V vehicles is expected to drive the electric coolant pump volume market. Also, as 48V hybrid systems register reduced emissions, this vehicle architecture is finding its adoption in various vehicle models. Thus, with the growing popularity of 48V vehicle architecture, the electric coolant pump is expected to witness an evident growth in the future.

The commercial vehicles segment is expected to grow with the highest CAGR in electric vehicle use segment

Commercial vehicles are expected to witness significant growth during the forecast period. The growing demand for electrified buses and trucks is boosting the demand for electric coolant pumps globally. Additionally, increasing sales and availability of various electric pick-up vehicles such as Toyota RAV4, Chrysler Pacifica Hybrid, and Toyota Highlander driven by government subsidies is anticipated to propel commercial vehicles Electric Coolant Pump Market. Also, the growing adoption of 48V vehicle architecture owing to various technical advantages is expected to impact the Electric Coolant Pump Market significantly. As various electric coolant pump manufacturers are focusing on developing high-powered electric coolant pumps (suitable for commercial vehicles), commercial vehicles are expected to register a noticeable growth.

Asia Pacific region is expected to lead the market during the forecast period.

Asia Pacific is estimated to be the largest market for the Electric Coolant Pump Market with China (global hub) and Japan (an important automotive hub) holding a significant share in the market. The growing popularity of BEVs and hybrid turbocharged engines is expected to give China a considerable boost in the Electric Coolant Pump Market. The introduction of BS-VI emission norms in India is a crucial factor expected to drive the Electric Coolant Pump Market growth in the forecast period. The presence of prominent players and the growing availability of hybrid vehicle models will support the Electric Coolant Pump Market. Additionally, the presence of key players like Aisin Seiki Co., Ltd, Johnson Electric, GMB Corporation, etc. is expected to create favorable opportunities for the Electric Coolant Pump Market.

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The Electric Coolant Pump Market is dominated by globally established players such as Rheinmetall Automotive AG (Germany), Robert Bosch GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), and MAHLE GmbH (Germany).

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Automotive Pumps Market by Type (Fuel Pump, Water Pump, Vacuum Pump, Fuel Injection Pump, Steering Pump, & Headlight Washer Pump), Technology, Displacement, Vehicle Type (PC, LCV, HCV), EV (BEV, HEV, PHEV, FCEV), Region – Global Forecast to 2027

Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V, ICE, BEV, HEV, PHEV, Vehicle Type, and Region – Global Forecast to 2027

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Semi-Autonomous Bus Market Worth 71,682 Units by 2025 & Autonomous Bus Market Worth $ 2,773 Million by 2030 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 25, 2020 /PRNewswire/ — According to the new market research report «Semi-Autonomous & Autonomous Bus Market by Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, ADAS Features, Sensor, and…

CHICAGO, May 25, 2020 /PRNewswire/ — According to the new market research report «Semi-Autonomous & Autonomous Bus Market by Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, ADAS Features, Sensor, and Region – Global Forecast to 2030″, published by MarketsandMarkets™, the Semi-Autonomous Bus Market size is projected to grow from 23,613 units in 2020 to reach 71,682 units by 2025, at a CAGR of 24.9%. On the other hand, the global Autonomous Bus Market size is projected to grow from USD 791 million in 2024 to reach USD 2,773 million by 2030, at a CAGR of 23.2%.

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The growth of the Semi-Autonomous Bus Market can be attributed to the increasing road accidents, the need for efficient bus operations and demand for ADAS features in the buses. Government bodies across the world have started regulating the safety standards in buses to reduce fatalities in road crashes. The increasing need for passenger and pedestrian safety, efficient public transport, reduction in CO2 emission, and advanced features have compelled OEMs to design and develop semi-autonomous and autonomous public transport solutions. Countries such as the US, Canada, China, Japan, UK, and Germany have already permitted the testing and trials of such innovative bus technologies.

Factors such as shortage of drivers and increasing research and development in technologies such as V2X, 5G, connected buses, and ADAS will drive the market for autonomous buses in the forecast. The pandemic COVID-19 might affect the overall bus industry, as people will avoid using crowded public transport options for some time, resulting in the declined demand for buses.

North America is expected to lead the global market in the initial period of forecast

The North American region is projected to account for the largest share of the global Semi-Autonomous Bus Market during the forecast period. It is home to OEMs, such as New Flyer, Gillig, Novabus, Bluebird, Thomas Built Buses, and Proterra, that are offering advanced buses in the region. The region is dominated by modern buses having ADAS features as standard or optional. OEMs in the country have been providing many semi-autonomous driving features such as AEB, BSD, and ACC. Also, the region is home to many technology companies that are exploring the autonomous driving technology with testing and trials across the region.

The shuttle segment is expected to be the largest market during the forecast

The shuttle segment is expected to dominate the Autonomous Bus Market, as these are already commercialized. Many companies such as Navya, EasyMile, and Local Motors have developed self-driving shuttles. Successful pilot programs of autonomous shuttles across the world are indicating that shuttles could be a practical solution to the gaps in traditional public transport. For instance, EasyMile, a French autonomous shuttle provider, claims to have deployed the most number of such shuttles globally than any other company. Also, Navya, 2getthere, Local Motors, and Sensible4 are some of the companies that have developed, tested, and are offering autonomous shuttles. On the other hand, commercialization of intercity or intracity buses would take time due to challenges such as highway operation, long-distance, city traffic, lack of infrastructure (intracity coaches might require separate lane in the city and highway conditions), and government regulations.

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Asia Pacific is expected to be the fastest-growing market during the forecast period

The Asia Pacific region comprises countries, such as China, Japan, and South Korea, which have a technologically advanced automotive industry. The Chinese bus company, King Long, developed a self-driving shuttle with the autonomous platform by Baidu and started first-ever volume production of these shuttles in June 2018. As China, Japan, and South Korea are capable of adopting such technology and produce on mass-level, the region will have a significant market share in the Autonomous Bus Market. Apart from these testing and trials, the area is heavily dependent on buses as the public transport medium. Thus, recent developments in autonomous technologies and quick adoption of the technology would help the Asia Pacific market to grow rapidly.

The global Semi-Autonomous Bus Market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). All the companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position. On the other hand, EasyMile (France), Navya (France), 2getthere (Netherlands), and Local Motors (US) are some of the companies that are focusing on developing autonomous buses/shuttles.

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Electric Bus Market by Propulsion Type (BEV, PHEV, and FCEV), Application (Intercity and Intra-city), Consumer Segment (Fleet Operators and Government), Range, Length of Bus, Power Output, Battery Capacity, Component, and Region – Global Forecast to 2027

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Automotive Software Market Worth $37.0 Billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 22, 2020 /PRNewswire/ — According to the new market research report «Automotive Software Market by Application (ADAS & Safety, Connected Services, Autonomous Driving, HMI, V2X, Infotainment), Software Layer (OS, Middleware, Application), EV Application (Charging,…

CHICAGO, May 22, 2020 /PRNewswire/ — According to the new market research report «Automotive Software Market by Application (ADAS & Safety, Connected Services, Autonomous Driving, HMI, V2X, Infotainment), Software Layer (OS, Middleware, Application), EV Application (Charging, Battery, V2G), Vehicle and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Software Market size is projected to grow from USD 16.9 billion in 2020 to USD 37.0 billion by 2025, at a CAGR of 16.9%.

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The market is driven by factors such as the rising demand for fuel-efficient vehicles, growing safety concerns, and the high adoption rate of advanced electrical and electronic components in vehicles. In addition, increasing focus on driving comfort and in-cabin experience coupled with high-end infotainment would fuel the demand for automotive software during the forecast period.

The ADAS & safety system segment is expected to be the largest application of the automotive software market

The ADAS & safety systems are meant to benefit consumers and protect them from potential hazards. It contributes toward improving the overall safety of the driver as well as passengers. It includes the application of communication technology in ADAS features such as adaptive cruise control, blind-spot detection, lane departure warning, automatic emergency braking, and park assist. It also includes basic safety systems such as adaptive cruise control (ACC), anti-lock braking system (ABS), tire pressure monitoring system (TPMS), vehicular communication system, and electronic stability control. The industry is focusing on producing advanced software platforms for ADAS systems with a higher level of abstraction, which allows flexible integration of algorithms and sensors. Moreover, priority is on creating software with algorithms that can more accurately predict the various possibilities without any slowdown or data overload.

The adoption of the ADAS & safety system has increased due to increasing demand for safety & security concerns along with the government mandates. For instance,  the regulatory bodies of the US and EU are mandating forward-collision warning systems and autonomous emergency braking systems in all vehicles by 2020. This is supporting the growth of automotive software for the application.

The application software segment is expected to be the fastest-growing among software layers in the automotive software market

Application software supports the architecture and customized functionalities of the vehicle. It consists of several applications and software layers, which allow the execution of tasks as per the application.   Application software consists of three layers—ports of the software layer, port interfaces application, and software layer. Automotive software supports the following applications: ADAS and safety, body control and safety, powertrain management, infotainment, communication, vehicle management, and autonomous driving. With the changing demands of passengers and OEMs, new and advanced applications are expected to penetrate the market, which will drive the market for application software.

There has been an increasing inclination of users toward high-tech software applications. OEMs are offering advanced applications such as HMI, keyless entry, and auto-park assist, which create the demand for advanced software to be used in new automotive systems. This, in turn, is expected to drive the growth of the application software market.

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Asia Pacific is expected to be the largest Automotive Software Market by 2025

One of the key drivers for the Asia Pacific market is the increased demand for connected services, particularly in China, Japan, and South Korea. The tech-savvy population in these countries demands a better and connected driving experience. Moreover, it is the largest market since it has the majority of vehicle production, which is further exported to other regions.  Although, Asia Pacific has lower penetration of automotive software than North America and Europe currently; however, market size is larger due to more massive vehicle production.

The software market in the region has shown a significant dip in 2020 because of COVID-19, as it interrupted the test and development of new software technologies in the market. Asia-Pacific is the most hit region as China is the largest producer of the automobile, and all the production process has stopped because of the pandemic. It is expected that the market will have a short-term effect because of the pandemic and register a high again in 2021 because of the inclination of the passenger to use high-end technology and connectivity solution in their vehicle.

The Automotive Software Market is dominated by global players such as Robert Bosch (Germany), NXP Semiconductors (Netherland), Renesas Electronics (Japan), BlackBerry Limited (Canada), and NVIDIA (US). These companies have adopted strategies of new product development, expansion, collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive software industry.

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Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region – Global Forecast to 2028

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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