Automotive Seats Market worth $60.0 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 16, 2020 /PRNewswire/ — According to the new market research report «Automotive Seats Market by Type & Technology (Heated-Powered, Heated-Ventilated, Heated-Memory, Heated-Ventilated-Memory, Heated-Ventilated-Memory-Massage), Trim & Frame Material, Component,…

CHICAGO, Oct. 16, 2020 /PRNewswire/ — According to the new market research report «Automotive Seats Market by Type & Technology (Heated-Powered, Heated-Ventilated, Heated-Memory, Heated-Ventilated-Memory, Heated-Ventilated-Memory-Massage), Trim & Frame Material, Component, Vehicle (ICE, Electric, OHV) and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Seats Market is projected to grow to USD 60.0 billion by 2025 from USD 51.9 billion in 2020, at a CAGR of 2.9%. Factors such as Inclination of consumers towards more comfort and luxury features would drive the automotive seat market.

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Browse in-depth TOC on «Automotive Seats Market»

164 – Tables
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Passenger Car Segment is estimated to hold the largest share in Automotive Seat Market

Owing to the higher production of passenger cars compared to all vehicle types, automotive seats in this segment lead the market. The trend of automotive seats is different in each region. For instance, Asia Oceania, which contributes ~54% to the total passenger car segment, is dominated by the small/economy car segment since the second row of these cars is equipped with bench seats due to their compactness. As consumers in this segment in this region are price-sensitive, the adoption of innovative seating technology is limited here compared to the Americas and Europe.

Powered and combination of powered & heated seat

While traditionally, powered seats were installed only in premium vehicles, currently, they are also being installed in most mid-end SUVs.  Demand for SUVs is increasing in Asia Oceania, especially in China, Japan, India, and South Korea. OEMs in India are launching compact SUVs in the mid-price range, which is expected to create a positive outlook for powered seats.

The hot climate in Asia Oceania results in minimal demand for heated sets in the region. Most cars sold in North America and Europe are SUVs. Therefore, the application of powered seats in these regions is expected to be higher. The adoption rate of powered & heated seats is higher in North America due to the cold climatic condition. These two are the largest markets for heated & powered seats due to the willingness of customers to pay for comfort & luxury.

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Asia Pacific: The largest automotive seat market

Owing to the large-scale production of vehicles, Asia Oceania is the largest market for automotive seats and accounted for ~50% of the market in 2019. India, Indonesia, and Thailand logged an annual growth of approximately 3%, 7%, and 6% in vehicle production between 2017 to 2018. The demand for SUVs has significantly increased, especially in China, owing to the improving economic environment, low crude oil prices, and rising per capita income. OEMs in India are launching cost-effective, compact SUVs in the mid-price range to attract buyers. This increasing demand for SUVs will lead to demand for various combinations such as 60/40, 40/20, 40/20/40 for second/third row seating.  SUVs are equipped with powered, memory, massage, and heated seats to provide comfort to the passenger and driver. In terms of material, synthetic leather is more widely used since it is more flexible in terms of configuration, is available in more colors, and is cheaper than genuine leather. Therefore, it is the preferred choice of OEMs, especially in Asia Oceania.

The Automotive Seats Market is dominated by global players and comprises several regional players as well. The key players in the automotive seat industry are Adient Plc (US), Lear Corporation (US), Faurecia (France), Toyota Boshoku Corporation (Japan), and Magna International (Canada).

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Automatic Number Plate Recognition System Market is expected to expand at an impressive CAGR of almost 10% over the 2020-2030: PMR

NEW YORK, Oct. 16, 2020 /PRNewswire/ — Automatic number plate recognition (ANPR) systems can detect, recognize, and analyze vehicles. The video analytics software built into recognition technology also monitors in real-time, without distraction, and adds significant advantages in live-monitored and incident analysis operations. Video analytics allows improving operational performance and increased monitoring. Also, video analytics motion detection can be used to record onsite and general vehicle…

NEW YORK, Oct. 16, 2020 /PRNewswire/ — Automatic number plate recognition (ANPR) systems can detect, recognize, and analyze vehicles. The video analytics software built into recognition technology also monitors in real-time, without distraction, and adds significant advantages in live-monitored and incident analysis operations. Video analytics allows improving operational performance and increased monitoring. Also, video analytics motion detection can be used to record onsite and general vehicle movement, improve security for operators and users, provide road rule enforcement, and facilitate automated control of vehicle barriers, gates, and bollards. Increasing number of vehicle thefts is also boosting the growth of the automatic number plate recognition (ANPR) system market.

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As per a PMR report, the global ANPR system market generated a revenue of US 2.2 Bn in 2019, and is expected to expand at an impressive CAGR of almost 10% over the forecast period (2020-2030).

Key Takeaways from ANPR System Market Study

  • The ANPR software segment is expected to gain significant share in the automatic number plate recognition system market, due to increasing automation parking.
  • ANPR applications recognize and detect vehicle numbers automatically when they are in view of CCTV cameras, which drives market growth.
  • The mobile ANPR sensors segment is expected to hold a prominent share in the automatic number plate recognition system market, owing to increased demand for mobiles to identify and tag vehicle citation for expired parking.
  • Increasing adoption of (ANPR systems in commercial vehicle parking is anticipated to result in significant dominance of North America in the automatic number plate recognition system market.
  • With COVID-19-related lockdowns and restrictions in place, increased need to monitor traffic, people, and various locations is leading to heightened demand for ANPR systems.

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«With increasing adoption of ANPR cameras for smart cities for parking management and traffic surveillances, demand for ANPR systems is increasing rapidly. These systems are used for vehicle identification, faster traffic management, smart parking, and prevention of car thefts, all of which would drive market growth over the coming years,» says a PMR analyst.

Technological Advancements in Traffic Surveillance to Boost Market Growth

Adoption of ANPR systems is increasing for traffic surveillance, as these systems are used for measuring speed, and are capable of detecting traffic violations as well. ANPR cameras are primarily used for identifying stationary vehicles and capture license plate information of moving vehicles up to a speed up to 200 km/hr. ANPR cameras can also detect traffic offenses such as wrong-side directions, solid lane crossing, red light crossing, not using safety belts, exceeding speed limits, and much more.

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More Valuable Insights on Automatic Number Plate Recognition System Market

A new market research report published by Persistence Market Research (PMR) on the global automatic number plate recognition system market includes global industry analysis of 2015–2019 and opportunity assessment for 2019–2030. The report provides valuable insights on the basis of component (hardware (ANPR cameras, frame grabber cards, and triggering devices), ANPR software, and services [system integration, installation & implementation, and support & maintenance]), type (fixed ANPR and mobile ANPR), application (traffic surveillance, parking management, toll management, highway security, and others), and end user (governments [law enforcement, border control, toll booths, traffic department, and others], commercial (retail complexes, entertainment & recreational facilities, manufacturing plants, sports complexes, and others], and institutions [education campuses and business parks]), across six major regions.

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Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

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GAC MOTOR Launches All-New Luxury Flagship GA8 in the Kingdom of Saudi Arabia

RIYADH, Saudi Arabia, Oct. 16, 2020 /PRNewswire/ — GAC MOTOR, together with partner Aljomaih Automotive Company, held a special global online release on October 15th for the launch of the luxury flagship all-new GA8 in the Saudi market. Benefiting from the good reputation of GAC MOTOR, the high-end flagship model GA8 has attracted much attention as it is launched and is expected to be the best choice of luxury cars for the new Saudi elites.

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RIYADH, Saudi Arabia, Oct. 16, 2020 /PRNewswire/ — GAC MOTOR, together with partner Aljomaih Automotive Company, held a special global online release on October 15th for the launch of the luxury flagship all-new GA8 in the Saudi market. Benefiting from the good reputation of GAC MOTOR, the high-end flagship model GA8 has attracted much attention as it is launched and is expected to be the best choice of luxury cars for the new Saudi elites.

the All new GA8

This global live press conference on YouTube was co-hosted by Ahmad Albader, a well-known Saudi presenter, and Rana Jobran, a TV and radio host. Combining product videos, real-time online audience interaction and other activities.

As the new flagship car of GAC MOTOR, the all-new GA8 embodies the result of 12 years of inventiveness and intelligence of GAC MOTOR and will bring top driving experience and service to the local elite of Saudi Arabia. With a length of over 5 meters and a wheelbase of 2.9 meters, this new flagship car equipped with a third generation 390T engine brings strong power and only takes 7.8 seconds from 0 to 100km/h.

While keeping its original advantages, the new GA8 improvements on the body safety and interior environment ensures all-round safety yet deep comfort for its passengers. The GA8 is also specially equipped with G-Health seats which uses both Ultrasuede® superior suede and high-grade leather, with ventilated front row, CN95 air conditioning filter, and plasma air purifier system, which effectively isolates heat and harmful substances while keeping the fresh air inside.

Registering steady growth and product lines perfection since entering Saudi Market

With 5 showrooms in 4 big Saudi cities, GAC MOTOR has been expanding rapidly since entering Saudi Market in 2018 with Aljomaih Automotive Company.

GAC MOTOR has introduced eight models in Saudi Arabia so far, including SUVs, three-compartment sedans, and MPVs to a positive reception, as it provides the Saudi consumers with diversified and high-quality driving experience.

With a strong R&D team and intelligent manufacturing systems, GAC MOTOR has matured its global supply chain system, and established strict quality control for all parts. GAC MOTOR’s five-year or 150,000 km warranty policy also assures the consumers greatly. With such improvements, GAC MOTOR is well-positioned to create a more pleasant mobility life for consumers globally.

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Remote Vehicle Shutdown Market Size Worth USD 679.7 Million by 2027 | CAGR of 7.9%: Emergen Research

– The rising cases of theft of vehicles and surging demand for advanced automated technology to secure vehicles are driving the demand for the market.

– Market Size – USD 385.0 Million in 2019, Market Growth – CAGR of 7.9%, Market Trends – The rise in the implementation of IoT and Artificial Intelligence in vehicles.

VANCOUVER, BC, Oct. 15, 2020 /PRNewswire/ — The Global <a target="_blank"…

– The rising cases of theft of vehicles and surging demand for advanced automated technology to secure vehicles are driving the demand for the market.

– Market Size – USD 385.0 Million in 2019, Market Growth – CAGR of 7.9%, Market Trends – The rise in the implementation of IoT and Artificial Intelligence in vehicles.

VANCOUVER, BC, Oct. 15, 2020 /PRNewswire/ — The Global Remote Vehicle Shutdown Market is estimated to be worth USD 679.7 Million by 2027, according to a current analysis by Emergen Research. The rising cases of robbery in commercial vehicles entail the need for advanced technologies to protect the vehicle. Due to the robberies, the logistics industry frequently suffers massive losses, and there is an increased demand for advanced technology to prevent the robberies, which is expected to propel the market growth over the forecast period. Besides, the rapid adoption of IoT and Artificial intelligence in the vehicle to provide improved reliability and security is anticipated to further facilitate market growth over the forecast period.

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However, it is anticipated that privacy issues and the risk of automotive damage due to engines’ lockdown will restrain the market growth over the forecast years.

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Key Highlights from The Report

  • In January 2019, in partnership with LoJack, Pioneer Electronics Inc. introduced the rDrive, a connected service solution. By allowing improved accessibility, surveillance, location-based services, and in-vehicle Wi-Fi hotspots, rDrive enhances the experience of vehicle ownership and driving. This will enhance the LoJack position in the U.S.
  • Due to the growing integration of IoT, artificial intelligence, and other automation processes in the vehicle, the automatic segment is anticipated to dominate the market with a CAGR of 8.0% over the forecasted period.
  • Over the forecast period, the petrol segment is expected to dominate the market as petrol is cheaper than diesel, and cars seem to be slightly convenient to purchase and maintain.
  • Due to increasing cases of car thievery globally, the passenger car segment is expected to hold the largest market over the forecast period. Due to the increasing robbery cases in logistical vehicles, the commercial vehicle segment is estimated to rise substantially in the forecast timeframe.
  • Due to rising concerns for the safety of cars, North America is expected to hold the largest market over the forecast period. The Asia Pacific is expected to witness the fastest market growth as auto theft cases have increased rapidly in this region over the past three years.
  • Key participants include Sonic Electronix, Inc., Fleetsmart, Cobra Car Tech. Ltd., OnStar Corporation, Frotcom International, Scania AB, PassTime, EMCO Software, LoJack Corporation, and Tracker Connect (Pty) Ltd., among others.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/remote-vehicle-shutdown-market

Emergen Research has segmented the Global Remote Vehicle Shutdown Market on the basis of type, propulsion, vehicle, and region:

  • Type Outlook (Revenue, USD Million; 2017-2027)
    • Automatic
    • Manual
  • Propulsion Outlook (Revenue, USD Million; 2017-2027)
    • Electric
    • Diesel
    • Petrol
  • Vehicle Outlook (Revenue, USD Million; 2017-2027)
    • Commercial
    • Passenger
  • Regional Outlook (Revenue, USD Million; 2017-2027)
    • North America
      1.  U.S.
      2.  Canada
      3.  Mexico
    • Europe
      1.  Germany
      2.  U.K.
      3.  France
      4.  BENELUX
      5.  Rest of Europe
    • Asia Pacific
      1.  China
      2.  Japan
      3.  South Korea
      4.  India
      5.  Rest of APAC
    • Latin America
      1.  Brazil
      2.  Rest of LATAM
    • Middle East & Africa
      1.  Saudi Arabia
      2.  UAE
      3.  Rest of MEA

Find more similar research insights by Emergen Research:

Automotive Actuators Market By Vehicle Type (Passenger Cars, Commercial Vehicles), By Applications (Throttle, Seat Adjustment, Brake, Closer and Other Actuators) and By Regions Forecasts to 2027

Automotive LiDAR Market By Image Type (2D Image Type, 3D Image Type) By Technology (Solid-State LiDAR, Mechanical/Scanning LiDAR), By Vehicle Type (ICE, HEV, PHEV), By Application, By Location, and By Region, Forecasts to 2027

Automotive Refinish Coatings Market By Resin Type (Epoxy, Alkyd), By Product (Primer, Basecoat), By Technology (Water-borne Coatings, UV-cured Coatings), By Substrate (Glass, Metal), By Application (Commercial vehicles), and By Region, Forecasts to 2027

Automotive Cybersecurity Market By Vehicle Type (Passenger, Commercial, Electric Vehicle), By Security (Endpoint, Application, Wireless Network) and By Application (ADAS, Infotainment, Powertrain, Body Control, Telematics) Forecasts to 2027

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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Volvo’s Backwards Thinking: why facing rearwards is the safest way of travel for your child

GOTHENBURG, Sweden, Oct. 15, 2020 /PRNewswire/ — Volvo Cars, a global leader in car safety, recommends to seat small children up to the age of four facing rearwards inside cars, as decades of safety research demonstrate this to be the safest option of travel for small children.

 

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GOTHENBURG, Sweden, Oct. 15, 2020 /PRNewswire/ — Volvo Cars, a global leader in car safety, recommends to seat small children up to the age of four facing rearwards inside cars, as decades of safety research demonstrate this to be the safest option of travel for small children.

 

 

Backed by those decades of research, Volvo Cars safety experts see rearward-facing travel for small children as the best practice worldwide, regardless of local laws or recommendations.

«For the best protection, children up to four need to travel rearward facing in cars, simply because their neck is too weak to support the head. It is categorically the best way to protect them,» says Dr Lotta Jakobsson, senior technical specialist in Injury Prevention at Volvo Cars.

According to the American Academy of Paediatrics, car crashes continue to be the leading cause of death for children four years and older. After a rigorous study, they too recommend children sit in rearward-facing car seats as long as possible.

Volvo Cars is globally known for inventing the three-point seatbelt in 1959. But only a few years afterwards, Volvo engineers collaborated with Professor Bertil Aldman from Chalmers University on his invention of the first rearward-facing child seat concept.

Over 50 years later, despite the research and recommendations by the World Health Organisation to keep young children rear-facing , many countries still have little to no clear regulations governing child restraints in cars. Therefore Volvo Cars continues to advocate for rearward-facing child seats.

«I think the most important message to every parent is how kids are actually designed,» says Lotta Jakobsson. «The bones of the neck are weak and the head is very heavy in comparison to the rest of the body. So the best way of protecting the child is to support them behind the back and the head together, minimising the movements in the vulnerable neck. This is the principles of rearward facing seats.»

Some detractors of rearward-facing travel argue that children become carsick when their inner ear senses motion, but their eyes and muscles perceive stillness. Some parents find it hard to wrangle toddlers into rear-facing seats, while older children can also become bored easily without a view to keep them occupied.

Even with these frustrations in mind, Dr Jakobsson is adamant that rearward-facing travel should be recommended across the board.

«Unfortunately, we never know in advance when an accident will occur. In the event of a high-severity frontal impact, the rearward-facing may very well mean the difference between life or death to your child.»

Volvo Cars Media Relations
Phone: +46 31-596525
media@volvocars.com  

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Children and Volvo Cars Safety Seats

 

Children and Volvo Cars Safety Seats

 

Children and Volvo Cars Safety Seats

 

Dr Lotta Jakobsson Senior Technical Specialist

 

Volvo logo

 

 

 

North America, Europe and China Lead Vehicle-to-Everything Adoption as OEMs Partner with Mobile Network Operators

North American sales are estimated to reach US$1.12 billion by 2025, says Frost & Sullivan

SANTA CLARA, California, Oct. 15, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Strategic Analysis of the Global Vehicle-to-Everything (V2X) Market, Forecast to 2025, finds that V2X sales across the globe are projected to rise. In North America, sales are estimated to reach <span…

North American sales are estimated to reach US$1.12 billion by 2025, says Frost & Sullivan

SANTA CLARA, California, Oct. 15, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Strategic Analysis of the Global Vehicle-to-Everything (V2X) Market, Forecast to 2025, finds that V2X sales across the globe are projected to rise. In North America, sales are estimated to reach US$1.12 billion by 2025, while Europe and China are forecasted to reach US$3.29 billion and US$6.27 billion, respectively. Most regions prefer cellular vehicle-to-everything (C-V2X) over dedicated short-range communication (DSRC) because the technology will see a commercial launch in 2021 with cellular LTE-based network access as 5G is not yet fully implemented.

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For further information on this analysis, please visit: http://frost.ly/4hh

«Although the industry is mature in terms of technology, implementation is in the nascent stage. V2X is gradually gaining momentum across the globe as it offers benefits such as reduced accidents, improved road safety, better traffic management, and co-ordination for autonomous vehicles,» said Suhas Gurumurthy, Automotive & Transportation Research Analyst at Frost & Sullivan. «Currently, C-V2X emerges as the preferred option based on the natural progression of connected cars under current OEM strategies. It helps cut investment costs by utilizing existing infrastructure, while DSRC has matured over the last decade through trials on 802.11p, which has been proving its efficiency. The new 802.11bd can also tackle new challenges and makes DSRC a strong contender in this market.»

Gurumurthy added: «V2X adoption in North America is largely driven by original equipment manufacturers (OEMs), mobile network operators (MNOs), and the 5G Automotive Association (5GAA). Meanwhile, Europe will witness a smooth implementation of V2X on vehicles with a conductive, if not a completely functioning, regulatory framework. In China, on the other hand, revenue will begin for automakers once the 5G infrastructure in the country is implemented and V2X adoption strengthens.»

V2X ecosystem participants with an opportunity to tap into potential revenue streams from data platforms should:

  • Partner with MNOs to utilize 5G technology to bring V2X to the masses as the market prepares to shift from 4G to 5G.
  • Collaborate with governments, startups, and private participants to leverage each other’s strengths and develop mutually beneficial strategies, resulting in better data infrastructure and support against cyber threats.
  • Explore other convenience and comfort-related applications, such as traffic or weather information and electronic tolling collection services, beyond vehicle safety and traffic management to create additional revenue streams from the technology.
  • Target fleets and produce hybrid modules to cater to larger and diversified market segments, expanding the application of V2X in the market and widening the revenue source.

Strategic Analysis of the Global Vehicle-to-Everything (V2X) Market, Forecast to 2025 is the latest addition to Frost & Sullivan’s Automotive & Transportation research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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.

Strategic Analysis of the Global Vehicle-to-Everything (V2X) Market, Forecast to 2025

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Insights on Battery Swapping Market for Electric Two and Three Wheeler Industry: P&S Intelligence

NEW YORK, Oct. 15, 2020 /PRNewswire/ — The most important growth driver for the global electric vehicle (EV) battery swapping market for two- and three-wheeler is the expansion of the EV industry. The latter is itself a result of the strong government support in many countries for the adoption of clean-energy transportation. Countries such as China, India, and Japan are notorious for their air…

NEW YORK, Oct. 15, 2020 /PRNewswire/ — The most important growth driver for the global electric vehicle (EV) battery swapping market for two- and three-wheeler is the expansion of the EV industry. The latter is itself a result of the strong government support in many countries for the adoption of clean-energy transportation. Countries such as China, India, and Japan are notorious for their air pollution, which has prompted the government here to offer a variety of benefits to the manufacturers and buyers of EVs, according to the market research report published by P&S Intelligence.

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However, a major restraint in the adoption of EVs is their high costs, which are a result of their expensive batteries. This is ultimately boosting the EV battery swapping market for two- and three-wheeler, as by buying the battery separately, the costs of EVs reduce significantly. Moreover, the electric vehicle supply equipment (EVSE), or charging station infrastructure, is inadequate in most countries. Additionally, charging takes time, from a couple of hours to the entire night, which not everyone on a clock can afford, which further makes battery swapping a preferred option.

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Automotive has been one of the hardest-hit industries during the COVID-19 pandemic, with the sale of vehicles coming to naught in many places. This has caused a great loss to the EV battery swapping market for two- and three-wheeler, as with no EV sales, swapping businesses are witnessing ceased operations. After the pandemic ends and industry picks ups, electric three-wheeler sales are expected to be low, as most people are predicted to opt for private conveyance, which would actually benefit electric two-wheeler sales.

In the past, the subscription model bifurcation held the larger share in the EV battery swapping market for two- and three-wheeler, based on service type. The subscription swapping model allows users to take the EV battery on lease, as well as leads to low swapping expenses and, hence, long-term affordability of EVs.

The Li-ion bifurcation, on the basis of battery type, is projected to witness the higher CAGR in the battery swapping market for electric two and three-wheeler industry in the years to come. Due to their higher energy density, falling prices, and environment-friendly disposal advantages, the use of Li-ion batteries in electric two- and three-wheelers is increasing rapidly. In APAC, Europe, and North America, Li-ion batteries account for 65%, 97%, and 92% of all EV batteries in use, respectively.

Browse report with detailed COVID-19 impact analysis on EV Battery Swapping For Two- and Three-Wheeler Market: By Service Type (Pay-Per-Use Model, Subscription Model), Battery Type (Lead Acid, Li-Ion), Vehicle Type (Two-Wheeler, Three-Wheeler) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/ev-battery-swapping-two-three-wheeler-market

In the immediate future, the EV battery swapping market for two- and three-wheeler would continue to be dominated by the two-wheeler bifurcation, under segmentation by vehicle type. Electric two-wheeler manufacturers are focusing strongly on offering consumers a longer driving range, by making the vehicles compatible with the battery swapping technology. Additionally, once the lockdown is lifted, people are expected to prefer private transportation to shared mobility, for a lower risk of infection spread.

APAC has been the largest EV battery swapping market for two- and three-wheeler in the past. The huge sales of EVs in India and China and successful incorporation of the swapping technology in Taiwan have made APAC the industry leader. All these countries have a high population density, and the customer base for two-wheelers is also rather large here, as a significant chunk of the people is middle-class.

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The EV battery swapping market for two- and three-wheeler is set to boom considerably in Europe and Rest of the World. While the scooter sharing concept is quite popular in Europe, Africa is witnessing a rapidly increasing preference for the battery swapping model for keeping the EVs running.

Partnerships Paving Way for Companies to Grow in Industry

In the EV battery swapping market for two- and three-wheeler, where the challenges are plenty, owing to its largely unorganized nature, major EV manufacturers, power distribution companies (DISCOMs), government agencies, and battery swapping and charging solution providers are entering into partnerships with each other. The following are some prominent ideas behind such industry growth strategies:

  • Raising funds to develop feasible electric two-wheeler solutions
  • Securing adequate space and consistent electricity supply to carry out EV charging and battery swapping operations
  • Expanding the portfolio of the EV brands the battery swapping services are provided for
  • Getting intelligence on the most feasible areas across cities for setting up swapping stations
  • Installing charging and battery swapping infrastructure at petrol pumps and gas stations

The major players in the global EV battery swapping market for two- and three-wheeler are Amara Raja Batteries Ltd., ACME Cleantech Solutions Pvt. Ltd., BattSwap Inc., Ample, Ola Electric Mobility Pvt. Ltd., Exicom Tele-Systems Ltd., Divish Mobility Pvt. Ltd. (BatteryPool), Fortum India Pvt. Ltd., Flymove Holding Ltd., GreenPack GmbH, Gogoro Inc., Leo Motors Inc., Immotor Inc., Panasonic India Pvt. Ltd., Lithion Power Pvt. Ltd., Pushme Inc., Piaggio Vehicles Pvt. Ltd., and SUN Mobility Pvt. Ltd.

Browse More Reports

India Electric Vehicle Battery Swapping Market – https://www.psmarketresearch.com/market-analysis/india-electric-vehicle-battery-swapping-market

EV Battery Swapping Market – https://www.psmarketresearch.com/market-analysis/ev-battery-swapping-market

Automotive Lithium-Ion Battery Market – https://www.psmarketresearch.com/market-analysis/automotive-lithium-ion-battery-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:                      
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P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
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Lear Climate Change Strategy Aims for Net Zero Emissions by 2050

SOUTHFIELD, Mich., Oct. 15, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today expanded its sustainability efforts by announcing several new environmental goals, including achieving net zero emissions by 2050.

Lear further plans by 2030 to use 100% renewable energy at the company’s manufacturing facilities and reduce carbon emissions by 50%. The timeframes align with the U.N. Intergovernmental Panel on Climate Change to…

SOUTHFIELD, Mich., Oct. 15, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today expanded its sustainability efforts by announcing several new environmental goals, including achieving net zero emissions by 2050.

Lear further plans by 2030 to use 100% renewable energy at the company’s manufacturing facilities and reduce carbon emissions by 50%. The timeframes align with the U.N. Intergovernmental Panel on Climate Change to limit global warming, based on 2019 data.

«Setting the goal for Lear to achieve net zero emissions by 2050 is a significant next step that builds on actions already underway at our company,» said Ray Scott, President and CEO. «We believe designing and manufacturing products with world-class innovation and quality for our customers is compatible with protecting the environment. These efforts go hand in hand.»

To attain net zero emissions by 2050, Lear will increase renewable energy use, improve energy efficiency at facilities, expand engineering efforts for vehicle electrification and lighter weight products, and heighten sustainability requirements for its suppliers. Lear is committing to these actions with an understanding of the potential challenges that are ahead, including the availability of renewable energy, changing directives from local governments, unpredictable financial markets and long-term support from consumers for zero- or low-emission solutions.

«To achieve these goals, we will partner with our customers, suppliers and policymakers to focus on further advancing technologies that reduce carbon emissions,» Scott said. «We will also encourage our employees to contribute to creating a cleaner environment, not only while they are at work, but while they are at home, too.»

The goals to reduce Lear’s carbon footprint are just one aspect of the company’s overall environmental, social and governance (ESG) efforts, as will be highlighted in its upcoming corporate sustainability report. Other highlights include new zero deforestation and human rights policies.

About Lear Corporation

Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Our diverse team of talented employees in 39 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 166 on the Fortune 500. Further information about Lear is available at lear.com, or follow us on Twitter @LearCorporation.

Tata Elxsi selected as certified 3PL partner for Google Widevine

BANGALORE, India, Oct. 15, 2020 /PRNewswire/ — Tata Elxsi, a world leading design and technology services company, is pleased to announce its selection as a 3PL certification partner for Google Widevine, to deliver secure premium content protection for Broadcast, Media, Consumer Electronics and Automotive applications.

<img id="prnejpgd3d0left" title="Tata_Elxsi_Logo" border="0" alt="Tata_Elxsi_Logo" align="middle"…

BANGALORE, India, Oct. 15, 2020 /PRNewswire/ — Tata Elxsi, a world leading design and technology services company, is pleased to announce its selection as a 3PL certification partner for Google Widevine, to deliver secure premium content protection for Broadcast, Media, Consumer Electronics and Automotive applications.

Tata_Elxsi_Logo

This certification partnership further expands Tata Elxsi’s offerings and leadership in the broadcast, media, consumer devices and automotive domains, and enables leading brands, content distributors, OTT providers and operators with a seamless development, integration and certification service for Widevine solutions ensuring faster time-to-market for their revenue generating services.

Google Widevine enables secure premium content protection on any consumer device, utilizing free-to-use, standards-based solutions for OTT and CAS services. It has been used in over 5 Billion devices today, and is trusted by PayTV providers and broadcasters who deliver premium content over an OTT network such as Netflix, HBO, Disney, Amazon Prime, Jio, Warner Bros and more. Through this program, Google plans to scale the adoption of the Widevine CAS solutions by enabling select chosen partners for certification activities.

«In line with the trust our customers and partners have in us, we are delighted to select Tata Elxsi as a Certified 3PL Partner. Tata Elxsi’s strong ecosystem in the Broadcast, OTT, Consumer devices and Mobility markets, understanding of cloud native applications and world class user experience capabilities will help accelerate the adoption of our Widevine solutions by customers. The collaboration between the two teams has been outstanding and will continue to ensure a wonderful customer experiencesaid Brian Baker, Senior Director and head of Widevine at Google.

«This is the first time the 3PL partnership model has been instituted, and we are delighted to have been selected for this program and extend our partnership with Google and Widevine. This will accelerate the adoption of Widevine solutions by customers and their time to market for new products and revenue generating services, «said Nitin Pai, Chief Marketing and Strategy Officer, Tata Elxsi. 

About Widevine

Google Widevine enables secure premium content protection utilizing free-to-use, standards-based solutions for OTT and CAS services. Google Widevine supports the largest number of devices on the broadest number of chipsets and is currently available on 5 billion mobile, desktop, set-top box and living room devices Google Widevine is trusted by service providers and broadcasters who deliver premium content over an OTT network such as Netflix, HBO, Disney, Amazon Prime, Warner Bros, Hulu, DIRECTV and devices Intel, Samsung, Sony, Roku, LG, Qualcomm to name few.

About Tata Elxsi (www.tataelxsi.com )

Tata Elxsi is a global design and technology services Company and a part of the $100+ billion Tata Group. Tata Elxsi works with leading automotive, consumer electronics, media & entertainment providers and operators, to develop innovative products, services and applications that create consumer delight, loyalty and drive revenue growth. This is backed by over 25 years of design and engineering experience and deep specialization in video, audio and OTT engineering and service delivery, a global delivery presence and offshore development centers in India.

Media Contact
Tata Elxsi 
Hari Balan
Corporate Communications
+91-80-2297-9123
Email: media@tataelxsi.com

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Technology and Insurance Giants are Among the Newest Members of MOBI

Amazon Web Services (AWS), Hitachi America, Ltd., Reply, USAA, and others Join MOBI in Building the New Economy of Movement

LOS ANGELES, Oct. 14, 2020 /PRNewswire/ — The largest and most progressive companies in mobility continue to join MOBI, the Mobility Open Blockchain Initiative. The new community members join major automakers, smart city leaders, tech companies, startups, and other mobility stakeholders working together to accelerate the…

Amazon Web Services (AWS), Hitachi America, Ltd., Reply, USAA, and others Join MOBI in Building the New Economy of Movement

LOS ANGELES, Oct. 14, 2020 /PRNewswire/ — The largest and most progressive companies in mobility continue to join MOBI, the Mobility Open Blockchain Initiative. The new community members join major automakers, smart city leaders, tech companies, startups, and other mobility stakeholders working together to accelerate the development and adoption of blockchain-based standards for the mobility ecosystem. These standards will be the foundation for a protocol-agnostic permissioned network that will enable all stakeholders to exchange, share, and monetize mobility and transit data. 

«We are thrilled that AWS, Hitachi America, Ltd., Reply, USAA, and other mobility thought leaders see value in this technology, this community, and this vision,» said MOBI Co-founder and COO Tram Vo. «MOBI’s rapid growth is a testament to both the level of industry interest in blockchain technology and the recognition that companies of any size can benefit by collaborating to accelerate adoption.»

Companies seek to use blockchain and distributed ledger technology (DLT) to improve efficiencies and facilitate new services for valued clients and customers across the globe.

«AWS is delighted to join MOBI to work with its partners, sponsors, and affiliate members to help establish industry standards for smart mobility blockchain adoption,» said Bill Foy, Director of Automotive at Amazon Web Services, Inc. «Many of our automotive customers are working to apply blockchain and distributed ledger technologies to address mobility, supply chain, finance, and electric vehicle to grid opportunities. By participating in MOBI, AWS can help customers apply these new standards to make transportation greener, more efficient, and more affordable through collaboration with the community.»

Verifiable vehicle journeys are critical to building a trusted, intelligent, and shared mobility ecosystem. MOBI members across the mobility value chain are working together to create interoperable, scalable solutions that reimagine the business models of the future.

«The mobility industry is experiencing significant changes as connected vehicles, autonomous cars, Industry 4.0, and IoT impact the landscape. By teaming up with MOBI, we believe that the deployment of this blockchain initiative will help to create mobility ecosystems for driving innovation and enhance our core technologies to contribute in social, environmental, and economic values for our customers,» said Dr. Harsha Badarinarayan, Vice President, R&D of Hitachi America, Ltd.

The convergence of multiple rapidly maturing technologies such as AI, IoT, 5G, and blockchain, permits anything to have a secure identity, be intelligent, and securely transact with other things. New sensors, chip sets, and electronics are being developed by the industry to facilitate connected vehicle communication with other vehicles and infrastructure (CV2X). Together, these capabilities will define the future of mobility in the Smart City.    

«Blockchain technology is now mainstream alongside IoT, Cloud and AI in defining the future of our world,» said Reply CEO Tatiana Rizzante. «In MOBI we have seen the opportunity to work with forward thinking companies, governments, and NGOs in making mobility services more efficient, greener, safer and building a more transparent and trustworthy ecosystem for our customers and the entire automotive industry.»

MOBI and its members work collaboratively to accelerate these innovations and create a better mobility future. MOBI welcomes everyone to join us in building the New Economy of Movement.

About MOBI

MOBI is a nonprofit alliance of many of the world’s largest automakers, along with many startups, NGOs, transit agencies, insurers, toll road providers, smart city leaders, and technology companies working to accelerate adoption and promote standards in blockchain, distributed ledgers, and related technologies.

MOBI is creating simple blockchain-based standards to identify cars, people, businesses in order to securely exchange and monetize data, and pay for mobility services, with the goal of making transportation more efficient, affordable, greener, safer, and less congested. MOBI itself is technology and ledger agnostic. For additional information about joining MOBI, please reach out to Griffin Haskins (griffin@dlt.mobi) or visit www.dlt.mobi

Media Contact:
Kelly Clark, MOBI Communications Manager
Email: kelly@dlt.mobi | Twitter: @dltmobi