Automotive 48V System Market to Reach $21.00 Bn, Globally, by 2027 at 26.5% CAGR: Allied Market Research

Surge in demand for hybrid & electric vehicles and rise in adoption of 48V battery system propel the growth of the global automotive 48V system market

PORTLAND, Ore., Aug. 10, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Automotive 48V System Market by Architecture (Belt Driven, Crankshaft Mounted, Dual-Clutch…

Surge in demand for hybrid & electric vehicles and rise in adoption of 48V battery system propel the growth of the global automotive 48V system market

PORTLAND, Ore., Aug. 10, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Automotive 48V System Market by Architecture (Belt Driven, Crankshaft Mounted, Dual-Clutch Transmission-Mounted, and Transmission Output Shaft) and Vehicle Class (Entry, Mid, Premium, and Luxury): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global automotive 48V system industry generated $2.22 billion in 2019, and is estimated to reach $21.00 billion by 2027, growing at a CAGR of 26.5% from 2020 to 2027.

 

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Drivers, restraints, and opportunities

Increase in demand for hybrid & electric vehicles and 48V battery system drives the growth of the global automotive 48V system market. However, surge in sale of electric vehicle equipped with fully-powered battery and total cost of vehicle hinder the market growth. On the other hand, demand for advanced safety and comforts features and need to lower CO2 emissions present new opportunities in the coming years.

COVID-19 Scenario:

  • Automotive manufacturers have halted production activities due to lockdown imposed by the government amid the Covid-19 pandemic. Moreover, R&D activities have been stopped. There have been disruptions in supply chain.
  • As lockdown restrictions have been eased off and manufacturing activities restarted, the unavailability of skilled workers has hampered the production.

Get detailed COVID-19 impact analysis on the Automotive 48v System Market Request Here!

The belt driven segment to maintain its lead position during the forecast period

Based on architecture, the belt driven segment accounted for the highest share in 2019, holding more than two-fifths of the global automotive 48V system market, and is expected to maintain its lead position during the forecast period. This is due to a relatively low integration cost, reduced CO2 emissions, and dynamic performance offered by this architecture. However, the transmission output shaft segment is estimated to witness the highest CAGR of 30.5% from 2020 to 2027, owing to high efficiency, electric driving (creep), and four/all-wheel drive mode provided by this type of architecture.

The mid segment to continue its dominance during the forecast period

Based on vehicle class, the mid segment held nearly two-fifths of the global automotive 48V system market in 2019, and is expected to continue its dominance during the forecast period. This is attributed to reduced sales of mid-sized passenger-vehicles and increase in fleet CO2 targets. However, the entry segment would witness the fastest CAGR of 27.7% from 2020 to 2027. This is due to incorporation of innovative features and smart options such as 48v systems on cost-effective models, including entry class vehicles.

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Asia-Pacific to maintain its highest contribution by 2027, North America to grow steadily

Based on region, Asia-Pacific accounted for the highest share of more than two-fifths of the global automotive 48V system market in 2019, and is estimated to maintain its highest contribution by 2027. This is due to development of new products to meet changing consumer demands, rapid industrialization, and initiatives to switch the consumer inclination from petrol to electric or hybrid cars. However, Europe is expected to portray the largest CAGR of 27.4% from 2020 to 2027, owing to increase in adoption of fuel efficient and eco-friendly vehicles in the region along with technological advancements. Contrarily, North America would witness a CAGR of 25.5% during the forecast period.

Leading market players

  • BorgWarner Inc.
  • Robert Bosch GmbH
  • Continental AG
  • Dana Limited
  • Delphi Technologies
  • GKN (Melrose Industries PLC)
  • Lear Corporation
  • Magna International Inc.
  • MAHLE Powertrain Ltd.
  • Valeo SA

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Automotive HUD Market worth $3,372 million by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 10, 2020 /PRNewswire/ — According to the new market research report «Automotive HUD Market by Technology (AR-HUD, Conventional HUD), HUD Type (Combiner, Windshield), Vehicle Class (Economy, Mid-Segment, Luxury Car), Dimension (2D and 3D), Vehicle Type, Sales Channel (OEM, Aftermarket), and Region: Global Forecast to 2025«, published…

CHICAGO, Aug. 10, 2020 /PRNewswire/ — According to the new market research report «Automotive HUD Market by Technology (AR-HUD, Conventional HUD), HUD Type (Combiner, Windshield), Vehicle Class (Economy, Mid-Segment, Luxury Car), Dimension (2D and 3D), Vehicle Type, Sales Channel (OEM, Aftermarket), and Region: Global Forecast to 2025«, published by MarketsandMarkets™, the Automotive HUD Market is projected to reach USD 3,372 million by 2025 from USD 866 million in 2020, at a CAGR of 31.3% during the forecast period.

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Technological advancements in current generation automotive cockpit electronics along with increasing trend of connected and autonomous vehicles are further expected to drive the Automotive HUD Market. The HUD technology is evolving from a conventional HUD to augmented reality HUD. The augmented reality HUD overlays the external environment of the vehicle with virtual imagery that appears to be a part of the driving situation. This type of HUD highlights the street signs, enables advanced navigation that appears as arrows flowing over the road, and detects and illuminates the vehicles ahead to alert the driver of the distance between vehicles. This is always again expected to keep the driver alert and enhances the user experience. These advanced HUD functions are also projected to play a significant role in developing the fully autonomous driving technology.

Browse in-depth TOC on «Automotive HUD Market«

359 – Tables
70 – Figures
300 – Pages

The COVID-19 pandemic has resulted in halted production and plunging sales and has forced the key players in the global automotive field to rethink their strategies. Rescheduling the launch of models and projects, stabilizing dealer networks, managing cash carefully, and reviewing investment portfolios have affected the production and sales of passenger and commercial vehicles across the globe, which has resulted in a dip in the Automotive HUD Market in 2020 as compared to 2019. The development and implementation of safety features are expected to slow down as well.

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3D HUD segment, by technology, is estimated to be the fastest growing Automotive HUD Market during the forecast period.

The 3-D HUD technology is attractive to leading auto manufactures because it is compact, does not require eye tracking, and provides a deeper field of view than the existing HUD displays. With glasses-free 3-D technology, next-generation HUD units offer the possibility of full 3-D effects, projecting the images seen by drivers at safer distances from the windshield, therefore, causing less distraction. The 3-D AR HUD can display information at different distances depending on the driving speed (e.g., 40 m ahead when driving at 40 km/h in urban areas, 80 m ahead when driving at 80 km/h on highways).

The presence of any object can be detected with the help of 3-D projecting using sensors. This visually alerts the driver in advance, giving the driver additional time to make judgments and control the vehicle. Thus, the 3-D AR HUD is expected to reduce the accident rate and make driving safer. Currently, many HUD manufacturers, including WayRay, Continental, Visteon, and component providers, such as NVIDIA and Zecotek, are working on the development of 3-D and augmented reality HUDs. In 2018, Continental developed AR HUD with holographic projection by collaborating with DigiLens. Moreover, OEMs such as Toyota are focusing their R&D activities on 3-D HUD development. These factors will boost the growth of the 3-D HUD market.

Luxury Car segment, by vehicle class, is estimated to hold the largest market share during the forecast period.

The luxury car segment makes a major contribution to the Automotive HUD Market.  The luxury car segment includes brands like Audi, BMW, Land Rover, Mercedes Benz, and Jaguar, which are priced higher than USD 50,000. The luxury car segment integrates windshield HUD in the vehicle, as the market is less price-sensitive, which gives attractive profit margins. Many OEMs are now offering the HUD as a standard feature in premium models and their variants.

Windshield HUD’s safety-enhancing features such as LDWS, blind spot detection, navigation, and speed metrics in the driver’s field of view have made the driving experience even richer. With technological advancements in the automotive industry progressing at a rapid pace, the integration of a wider range of advanced driver assistance systems in the windshield HUD is projected by 2025. The technological innovation in the product and the safety features attached to it would increase the demand in this segment. Asia Pacific and Europe hold a major share in this segment due to the high production of luxury vehicles in these regions and the increasing demand from consumers for advanced safety and convenience in-vehicle features. Despite the high price of windshield HUDs, suppliers continue to invest heavily in full-windshield HUD systems, adding advanced features such as augmented reality.

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Europe is estimated to be the largest market for automotive HUD in 2020

Europe is expected to account for the largest market share by 2020, followed by Asia Pacific and North America. The automotive industry is one of the key industries in Europe. As per the European Commission, there are about 180 automobile facilities across the EU, and the automobile industry represents the largest investor in research & development. The European region is a hub for automotive giants and premium vehicle manufacturers. However, in recent years, it has witnessed a slump in the production of vehicles and an increase in competition from emerging markets such as Asia Pacific and the Rest of the World. The major growth drivers of the Automotive HUD Market in the region include the growing demand for technology, the rising need for safe and secure driving experience, and an increase in the development of connected cars. Germany is estimated to account for the largest share of the European Automotive HUD Market, by value and volume, during the forecast period. The market growth can be attributed to the increasing demand for advanced automotive in-vehicle electronics. The presence of key automotive players such as Continental AG enhances the market’s first mover advantage with advanced automotive applications. In addition, the German commercial vehicle market is expected to adopt augmented reality HUDs at a faster pace compared to other developed countries.

The Automotive HUD Market is dominated by globally established players such as Bosch (Germany), Continental (Germany), Denso (Japan), Visteon (US), Nippon Seiki (Japan), Panasonic (Japan), Pioneer (Japan), and Yazaki (Japan).

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ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to 2030

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Shunde of China to draw global resources for tackling core technologies

SHUNDE, China, Aug. 7, 2020 /PRNewswire/ — The Bureau of Science and Technology of Shunde district in China’s Guangdong province has globally released today the list of 20 core technologies for pillar industries that need to be tackled, to pool resources for the continuous technological breakthroughs, and obtain a number of major scientific and technological achievements and independent intellectual…

SHUNDE, China, Aug. 7, 2020 /PRNewswire/ — The Bureau of Science and Technology of Shunde district in China’s Guangdong province has globally released today the list of 20 core technologies for pillar industries that need to be tackled, to pool resources for the continuous technological breakthroughs, and obtain a number of major scientific and technological achievements and independent intellectual property rights.

The list has been made after careful research in enterprises, multidisciplinary demonstrations of experts, selections and reviews, in order to accelerate the implementation of the innovation-driven strategy and achieve the goal of high-quality development, actively explore to implement core technology research projects, encourage enterprises to break through the key technical plateau, and overcome technical problems that urgently need to be resolved in the industrial development in the district.

The first batch of 20 core technologies to be tackled are the research and industrialization of key technologies in such fields like (1) the integrated robot power wheel modules with high torque density, high power density and high integration level, (2) manufacturing of high performance and environmentally-friendly PVC pipe, (3) large-scale high-end CNC intelligent servo press, (4) low-emission domestic burner based on porous media infrared combustion technology, and (5) high precision injection molding for large diameter plastic pipe fittings.

The list includes the research and application of key technologies on (6) household appliance with new type noise reduction technology based on aerospace, military and bionics industries, (7) cross-platform visual framework, (8) BIM-based smart construction site management platform, (9) AI household appliances, (10) high speed motor in home appliance field, and (11) operation and maintenance management project based on independent intellectual property data standards.

Besides, there are (12) the research on the replacement and application of home appliance control chip, (13) key technology and equipment of high speed online intelligent vision detection for classification & color separation of ceramic tiles, (14) indirect heat dissipation system of flat heat pipe for high density electrical devices, (15) new organometallic luminescent materials for OLED display, (16) remote monitoring, health status assessment and after-sales service platform for molding machine, (17) conductive dielectric memberane of macro-molecule application in fine printed circuit board, (18) research on the key technology of the core power component of home appliances based on high performance computing, (19) key manufacturing technology of high performance PE pipe for anti-wave marine aquaculture cage, and (20) AI control system of energy and environment in industrial enterprises.       

As for Shunde, it’s located in the core hinterland of the Guangdong-Hong Kong-Macao Greater Bay Area. With rapid economic development, it has been the first place among the top 100 districts with the strongest comprehensive strength for eight consecutive years and rated as top tendemonstration counties for 11 times. In 2019, the gross regional production of Shunde was 352.32 billion, and the total industrial output of industrial enterprises above designated size exceeded 763.98 billion.

Contact: Miss Xie +86 757-22830349 / Mr.Huang +86 757-22830327

Kia Motors unveils the Sonet – an all-new smart urban compact SUV, made in India for the world

  • Sonet offers first-in-class diesel six-speed automatic, alongside a wide choice of powertrains
  • Revolutionary intelligent manual transmission for fatigue-free driving
  • Developed ground-up to set new benchmarks in design, technology, dynamics and safety
  • Kia’s latest made-in-India product for the world after Seltos
  • Offers 30+ segment-best features, and 57 UVO Connect features including voice assist
  • Bold and distinctive design reflects Kia’s powerful design DNA, for spirited…

  • Sonet offers first-in-class diesel six-speed automatic, alongside a wide choice of powertrains
  • Revolutionary intelligent manual transmission for fatigue-free driving
  • Developed ground-up to set new benchmarks in design, technology, dynamics and safety
  • Kia’s latest made-in-India product for the world after Seltos
  • Offers 30+ segment-best features, and 57 UVO Connect features including voice assist
  • Bold and distinctive design reflects Kia’s powerful design DNA, for spirited and young-at-heart consumers
  • Offered in sporty GT-Line specification, for the first time in the segment

NEW DELHI, Aug. 7, 2020 /PRNewswire/ — Kia Motors Corporation, one of the world’s largest automakers, revealed the Kia Sonet to the world today in a digital presentation. Manufactured at Kia’s production facility at Anantapur, Andhra Pradesh, the Sonet is Kia’s all-new smart urban compact SUV, and the brand’s made-in-India global product after the Seltos. The new Sonet marks Kia Motors’ entry into the burgeoning compact SUV segment, and sets new benchmarks with its first-in-class features.

The Sonet is Kia’s all-new smart urban compact SUV, and the brand’s made-in-India global product after the Seltos.

«Kia Motors continues to be recognised globally through products which offer exquisite design and world-class quality, along with ‘The Power to Surprise’. Everything about the all-new Sonet is uniquely Kia and is sure to delight both drivers and passengers,» said Ho Sung Song, President and CEO at Kia Motors Corporation. «With its aggressive and modern design language, fun-to-drive dynamics, and Kia’s latest high-tech features, the Sonet puts an exclamation point on our ambition to make Kia the brand of choice, especially among millennial and Gen Z consumers. The Sonet fills a need in the growing SUV market, in India and further afield, and will attract a wider number of consumers to the Kia brand.»

«We are extremely excited to introduce the Sonet, which is made in India for the world. After the success of the Seltos and Carnival, we are confident that Kia will revolutionise yet another market segment in India with the Sonet by addressing the unmet needs and aspirations of customers,» said Kookhyun Shim, MD and CEO at Kia Motors India. «The Kia Sonet is designed and developed to deliver a best-in-class experience in quality, design, technology, features and drivability to attract a wide spectrum of customers across segments. The Sonet will be produced at our state-of-the-art Anantapur plant to Kia’s exacting global standards, and we are sure it will be received with enthusiasm by new customers and existing fans of the brand alike.»

The all-new Sonet incorporates Kia’s DNA of emotive styling along with a premium and youthful appeal to create a strong road presence. Displaying a dynamic stance in a confident, compact body, the Sonet showcases a range of styling attributes to make it stand apart on roads around the world. This includes a fresh interpretation of Kia’s signature ‘tiger-nose’ grille, flanked by ‘heart beat’ LED DRLs, shaped like the electric pulse of a heart, with a stylish front skid plate beneath. Its sporty silhouette is enhanced by the unique design and structure of its C-pillar, matched with a wraparound rear-windscreen. The ‘heart beat’ LED tail lamps also adorn the rear.

The Sonet will be offered with multiple powertrain options to suit virtually all requirements in this segment. A choice of two gasoline engines – a versatile Smartstream 1.2-liter four-cylinder and powerful 1.0 T-GDi – and an efficient 1.5-liter CRDi diesel engine are available with a choice of five transmissions. This includes five- and six-speed manuals, an intuitive seven-speed DCT six-speed automatic, and Kia’s revolutionary new six-speed Smartstream intelligent manual transmission.

For more information on the Kia Sonet, please visit: kianewscenter.com

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Child Presence Detection System Market Worth US$ 390.3 Million by 2025

NOIDA, India, Aug. 6, 2020 /PRNewswire/ — UnivDatos Market Insights released a report titled, «Child Presence Detection System Market by Sensor Type (Pressure Sensor, Ultrasonic Sensor, Others), Sales Channel (OEM, Aftermarket), Vehicle Type (Sedan, SUV, Hatchback, Other) and Region (North America, <span…

NOIDA, India, Aug. 6, 2020 /PRNewswire/ — UnivDatos Market Insights released a report titled, «Child Presence Detection System Market by Sensor Type (Pressure Sensor, Ultrasonic Sensor, Others), Sales Channel (OEM, Aftermarket), Vehicle Type (Sedan, SUV, Hatchback, Other) and Region (North America, Europe, Asia-Pacific and Rest of World) – Current Analysis and Forecast (2019-2025).» The Child Presence Detection System Market is expected to grow at a CAGR of 34.2% from 2019-2025 to reach US$ 390.3 million by 2025.

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Market Drivers and Opportunities

Injury and death associated with vehicles remain an overwhelming challenge to society’s general health. In recent years, design safety improvements in the automotive sector have grown significantly, and yet little has been accomplished for safety in stationary vehicles. Once a car is turned off and parked under hot and humid condition, keeping its window glasses closed, the temperature inside the car increases rapidly. In the recent time, the hot air deaths of children’s have increased drastically, especially in the developed nations such as US and European countries. As the thermoregulatory system of the child is not well developed, this condition may lead to hyperthermia or heat stroke which can be fatal. Growing awareness regarding heatstroke deaths in cars is expected to fuel the growth of the child’s presence detection system market.

For a detailed analysis of the Child Presence Detection System Market browse through

https://univdatos.com/report/child-presence-detection-system-market-current-analysis-and-forecast-2019-2025

Reasons for the Increasing Demand for Child Presence Detection System

Across the world, too many children have been unintentionally left in vehicles or have got stuck into a vehicle on their own. Even the best of parents or carers can leave a child in a car unknowingly; and the result can cause serious injury or sometime death of the children’s left alone in the closed car. Vehicular hyperthermia misfortunes change the lives of parents, families, and communities forever. Based on safety organization Kids and Cars reporting, approximately 39 children die on average each year due to vehicle trapping worldwide. The data shows the severity of the problem and need to develop a system for the same. Automobile manufacturers and technology providers have joined hand to develop a system that senses the presence of a child and alert the parents of the child left along in the car. If no one attends the child, the system will make a call to parents and emergency personnel. Regulatory authorities around the world have acknowledged the need for technological solutions that can help avoid these kinds of incidents by offering child presence identification.

For a detailed analysis of the overall development in the Child Presence Detection System Market browse through

https://univdatos.com/report/child-presence-detection-system-market-current-analysis-and-forecast-2019-2025

Government and Stakeholder Initiatives

Each year, an undisclosed number of young children die of hyperthermia from being trapped in parked motor vehicles worldwide. European and US safety regulators are considering mandating child presence detection systems to avoid the deaths of unattended children in hot cars. Safety regulators and lawmakers have warned of the dangers of leaving children and infants in hot cars, further heighten awareness about the danger’s children face in and around motor vehicles. Stakeholders believe the solution to these preventable tragedies is a combination of awareness and technology. They want all cars to come fitted with a device that warns a driver if a child is left in the car. The Hot Cars Act was recently implemented in the United States that would help to prevent children from being needlessly injured or killed when left alone in vehicles.

For a detailed analysis of the government initiatives in the Child Presence Detection System Market browse through

https://univdatos.com/report/child-presence-detection-system-market-current-analysis-and-forecast-2019-2025

Global Child Presence Detection System Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Based on sensor type, the market is primarily bifurcated into

  • Pressure Sensor
  • Ultrasonic Sensor
  • Others

Ultrasonic Sensor accounted for 87% market share in 2019 and will keep dominating the market by the end of the year 2025. Ultrasonic sensors discover obstacles by emitting ultrasounds and analysing their reflections and so ultrasonic sensors are being used for child presence detection due to its high sensitivity and ability to detect child in a vehicle.

Based on the sales channel, the market is primarily segmented into

  • OEM
  • After Market

Of the two, OEMs accounted for a revenue share of nearly 63% in 2019 and is anticipated to remain dominant during the analysed period. The primary reason driving the OEMs sales is the European (Euro NCAP) and the US (NHTSA) like safety regulators that are forcing automakers to equipped cars with child presence detection or such safety monitoring system to avoid vehicle heatstroke deaths. For instance; by the 2025 model year, almost all new vehicles sold in the United States will come with electronic warnings that warn people not to leave children in the back seats, to stop heatstroke deaths.

Based on vehicle type, the market is primarily fragmented into

  • Sedan
  • SUV
  • Hatchback
  • Others

In 2019, the SUVs segment nearly contributed to 57% of the market revenue for the Child Presence Detection System. The primary reason is the increasing demand for SUVs across the world. For instance: According to SIAM, SUVs sales were 9.2 lakhs in 2017-18 against 7.6 lakhs unit in the previous year.

Child Presence Detection Market Geographical Segmentation Includes:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of World

Based on the estimation, North America leads the Child Presence Detection System Market in 2019 and was followed by Europe. This is attributed to the increased awareness regarding such systems, adequate government interventions, stakeholders’ support, and establishment of key market players in the regions. Since 1990, in the United States, a total of 940 children have lost their lives in hot cars. At the same time, the Asia-Pacific region would witness significant growth in the child presence detection system market as countries like China, Japan, and India also focusing to mandate such safety monitoring systems for vehicles in the recent future.

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The major players targeting the market includes

  • General Motors
  • Ford Motor Company
  • Volkswagen AG
  • Toyota Motor Company Ltd.
  • Hyundai Motors
  • Nissan Motors
  • Honda Motors
  • Robert Bosch
  • Autoliv Inc.
  • Delphi Automotive
  • Continental AG
  • Kia Motors

The in-detailed view of the competitive landscape includes key mergers & acquisitions, future capacities, financial overview, new product launches, new product developments, partnerships, collaborations, and other developments with company key facts.

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Technological Advancements Painting Strokes of Growth across Automotive Wheel Alignment Service Market, CAGR of ~4% between 2020 and 2030 Predicted By TMR

– The increase in purchasing power and advancements in wheel alignment technologies may serve as prominent growth generators for the automotive wheel alignment service market across the forecast period of 2020-2030

– The booming automobile sector in countries like Germany, India, Japan, and China may enable Asia Pacific and Europe to be significant…

– The increase in purchasing power and advancements in wheel alignment technologies may serve as prominent growth generators for the automotive wheel alignment service market across the forecast period of 2020-2030

– The booming automobile sector in countries like Germany, India, Japan, and China may enable Asia Pacific and Europe to be significant regional growth contributors during 2020-2030

ALBANY, N.Y., Aug. 6, 2020 /PRNewswire/ — The automotive wheel alignment service market may have a profitable run across the forecast period of 2020-2030 on the back of the entry of modern wheel alignment services and the efficiency offered by them. The rise in the adoption of computerized wheel aligners and the growing network of wheel alignment centers across the globe may serve as great growth generators for the automotive wheel alignment service market throughout the forecast period of 2020-2030.

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All these factors together have led the analysts at Transparency Market Research (TMR) to project the global automotive wheel alignment service market to expand at a CAGR of ~4% during the forecast period of 2020-2030. The global automotive wheel alignment service market is forecasted to attain a valuation of US$ 2.5 bn by 2030 end.

The benefits etched with wheel alignment such as longer tire life, reduction in damage to other parts, increased fuel efficiency, and assurance of increased safety may bring immense growth prospects for the automotive wheel alignment service market.

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Automotive Wheel Alignment Service Market: From Analysts’ Lens

The analysts at Transparency Market Research attribute the escalating influence of the automobile sector in developing regions around the world for exponential growth. The analysts also highlight the growing focus toward enhancing the comfort and safety of the driver as the main factors for increasing the growth rate of the automotive wheel alignment service market between 2020 and 2030.

The analysts further advise the market players to invest in novel technologies and product innovation as well as comply with a regulatory framework to cement their foothold in the automotive wheel alignment service market.

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Automotive Wheel Alignment Service Market: Key Findings

  • The passenger vehicle segment is anticipated to hold a prominent share across the forecast period of 2020-2030
  • On the basis of the service provider, the OEM segment is extrapolated to dominate the automotive wheel alignment service market due to the increase in the in-house testing facility
  • Asia Pacific may serve as a profitable region for the automotive wheel alignment service market during the forecast period of 2020-2030
  • Europe may garner considerable growth between 2020 and 2030

Explore 163 pages of expansive research, cutting-edge insights, and detailed projections. Analyze and discover the latest developments in the Automotive Wheel Alignment Service Market (Vehicle: Passenger Vehicle [Hatchback, Sedan, and SUV/MUV] and Commercial Vehicle [Light Commercial Vehicle and Heavy Commercial Vehicle]; and Service Provider: OEM [Dealership Authorized and Tire Manufacturers], Franchisee, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/automotive-wheel-alignment-service-market.html

Automotive Wheel Alignment Service Market: Growth Prospects

The automotive wheel alignment service market may garner greatly on the back of technological developments and innovations. Rapid urbanization and the flourishing construction industry have led to the demand for heavy-duty construction vehicles and these factors may serve as robust growth pillars for the automotive wheel alignment service market

  • Adoption of portable and wireless wheel alignment machines may bring good growth for the automotive wheel alignment service market
  • The logistics sector has seen an increase in demand due to the ballooning eCommerce sector worldwide and has resulted in the growing need for cargo vehicles, thus expanding the growth prospects of the automotive wheel alignment service market
  • The escalating sales of used vehicles are sowing the seeds of growth across the automotive wheel alignment service market

Analyze global automotive wheel alignment service market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

AutomotiveWheel Alignment Service Market: Growth Restraints

The automotive wheel alignment service market is going through the challenging times of the COVID-19 pandemic and has been affected negatively. Many manufacturing units and production facilities were shut down due to the stay-at-home orders implied by numerous countries to contain the transmission of the deadly novel coronavirus.

Furthermore, the absence of skilled labor and frequent human errors may lead to flawed wheel alignment and can cause a vehicle to function improperly, thus dampening the growth prospects of the automotive wheel alignment service market.

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Automotive Wheel Alignment Service Market: Segmentation

By Vehicle

  • Passenger Vehicle
  • Hatchback
  • Sedan
  • SUV/MUV
  • Commercial Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Service Provider

  • OEM
  • Dealership
  • Authorized Tire Manufacturers Franchisee
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East & Africa

Explore Transparency Market Research’s award-winning coverage of the Global Automotive & Transport Industry:

Automotive Alloy Wheels Market – The global automotive alloy wheels market is projected to reach US$ 24.3 Bn by 2027, expanding at a CAGR of ~6% during the forecast period. The global automotive alloy wheels market is expected to record a growth of ~6% owing to an increased demand for aesthetics appeal in vehicles. Alloy wheels are slowly replacing steel wheels, as they offer better heat dissipation, performance, and are lightweight. The global automotive alloy wheels market is mature in developed countries and is at the nascent stage in developing countries.

Automotive Steel Wheels Market – the global automotive steel wheels market is projected to reach ~US$ 13.4 Bn by 2027, expanding at a CAGR of ~3% during the forecast period. The can be attributed to the increase in production of heavy commercial vehicles and rise in usage of vehicle on off-road conditions. Moreover, expansion of automotive steel wheels market can be ascribed to the rise in urbanization in conjunction with increased construction, road infrastructure developments, and mining activities.

Automotive Testing, Inspection, and Certification Market – The global automotive testing, inspection, and certification market was valued at US$ 14.69 Bn in 2018 and is estimated to reach ~US$ 29 Bn in 2027, expanding at a CAGR of ~8% from 2019 to 2027. According to the report, the automotive testing, inspection, and certification market is likely to be driven due to stringency of regulations for testing and certification by governing authorities. The rising number of road accidents supplemented by an increasing demand for automated and technologically advanced vehicles, coupled by increased import and export among countries is boosting the demand for automotive testing, inspection, and certification services.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Celgard Successful in UK Court and is Granted Injunction Against Senior Battery Separator Imports Through Trial

CHARLOTTE, North Carolina, Aug. 6, 2020 /PRNewswire/ — Following the United Kingdom (UK) court’s grant on May 7, 2020 of an interim injunction against Shenzhen Senior Technology Material Co., Ltd. (Senior) as requested by Celgard, LLC (Celgard), a subsidiary of Polypore International, LP (Polypore), and the UK court’s May 21, 2020 order continuing the effect of the interim injunction, the UK court issued a Judgement on July 30, 2020 granting an injunction through…

CHARLOTTE, North Carolina, Aug. 6, 2020 /PRNewswire/ — Following the United Kingdom (UK) court’s grant on May 7, 2020 of an interim injunction against Shenzhen Senior Technology Material Co., Ltd. (Senior) as requested by Celgard, LLC (Celgard), a subsidiary of Polypore International, LP (Polypore), and the UK court’s May 21, 2020 order continuing the effect of the interim injunction, the UK court issued a Judgement on July 30, 2020 granting an injunction through trial and will make an order in the terms sought by Celgard that blocks Senior’s import of Battery Separators into the UK through trial. 

Celgard® dry-process coated and uncoated microporous membranes are used as separators in various lithium-ion batteries used primarily in electric drive vehicles (EDV), energy storage systems (ESS) and other specialty applications.

The court’s Judgement in favor of Celgard not only granted the injunction against Senior, it also held that Celgard had established a serious issue to be tried that Senior had used its trade secrets in developing and manufacturing battery separators and that England was the proper forum for the importation dispute. Celgard intends to fully pursue its trade secret case against Senior.

On April 30, 2020, Celgard filed an application for an urgent injunction against Senior in the High Court of Justice in London, England. On May 7, on an ex parte basis, the UK court granted an interim injunction to prevent Senior from importing certain battery separators into the UK.

Earlier, on March 2, Celgard filed a Complaint against Defendants Shenzhen Senior Technology Material Co. Ltd. (Senior-China), Shenzhen Senior Technology Material Co. Ltd. (US) Research Institute (Senior-California), Xiaomin (Steven) Zhang, Sun Town Technology, Inc., Global Venture Development, LLC, and Global Venture Development, Inc. (collectively, Global Venture) (collectively, WDNC Defendants) in the U.S. District Court for the Western District of North Carolina (WDNC) for trade secret misappropriation, unfair and deceptive trade practices and unfair competition, civil conspiracy, unjust enrichment and conversion.

Additionally, Celgard filed a Second Amended Complaint against Defendants including Shenzhen Senior Technology Material Co. Ltd. (US) Research Institute (Senior-California) and others (collectively, NDCA Defendants) for patent infringement, breach of contract and breach of implied covenant of good faith and fair dealing in the U.S. District Court for the Northern District of California (NDCA). 

The WDNC Complaint alleges the WDNC Defendants, including a former Celgard employee, Xiaomin (Steven) Zhang, now CTO of Senior-China who changed his name to Bin Wang at the request of Senior-China, purposely and unlawfully misappropriated Celgard’s trade secrets and confidential information and continue to do so. Several other violations of the law are also alleged. 

The NDCA Second Amended Complaint alleges the NDCA Defendants infringe Celgard’s United States Reissued Patent RE47,520 (the ‘520 patent), formerly United States Patent 6,432,586 (the ‘586 patent), and Celgard’s United States Patent No. 6,692,867 (the ‘867 patent). See Release.

In December 2019, Celgard filed a First Amended Complaint in the NDCA adding to the suit the Defendants Farasis,Sun Town, and Global Venture. See Release. 

In September 2019, Celgard filed suit against Senior who sells separators globally that they make in Shenzhen, China. Celgard’s Complaint alleged Senior had infringed Celgard’s U.S. ‘520 and ‘867 patents, and has unlawfully misappropriated and misused Celgard’s trade secrets and confidential information, among other violations and seeks compensation for damages. See Release.

In September 2019, Celgard successfully settled a patent infringement lawsuit against Targray International. See Release. Celgard also successfully settled two suits in June 2019, against MTI Corporation. See Release.

The UK Judgement and the successful outcome of the Targray and MTI cases further solidifies the integrity of Celgard’s intellectual property (IP) regarding coated and uncoated separators for lithium-ion batteries. Celgard will continue to prevent the unfair exploitation of its technology and IP to safeguard its assets and customers.

About Celgard and Polypore

Celgard specializes in coated and uncoated dry-process microporous membranes used as separators that are a major component of lithium-ion batteries. Celgard’s battery separator technology is important to the performance of lithium-ion batteries for electric drive vehicles, energy storage systems and other applications.

Celgard, LLC is a wholly-owned subsidiary of Polypore International, LP, an Asahi Kasei Company.

Polypore is a global company with facilities in nine countries specializing in microporous membranes used in electric and nonelectric vehicles, energy storage systems and specialty applications. Visit www.celgard.com and www.polypore.com.

Polypore International, LP

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Call for Entries now open for Lexus Design Award India 2021

– An ode to crafting a better tomorrow

  • Lexus India stands firm on its commitment to foster promising designers through the fourth edition of the Lexus Design Awards India 2021
  • The competition offers acknowledgement and elevation to winners from 10 different categories of design
  • Embracing the spirit of the new normal, the Lexus Design Award India will be conducted virtually, welcoming aspirants to showcase their talent and design
  • The most innovative entries in the Conceptual category will be shortlisted for the…

– An ode to crafting a better tomorrow

  • Lexus India stands firm on its commitment to foster promising designers through the fourth edition of the Lexus Design Awards India 2021
  • The competition offers acknowledgement and elevation to winners from 10 different categories of design
  • Embracing the spirit of the new normal, the Lexus Design Award India will be conducted virtually, welcoming aspirants to showcase their talent and design
  • The most innovative entries in the Conceptual category will be shortlisted for the global Lexus Design Awards and undergo a mentorship program by venerable names from the design industry to showcase their prototypes to a global audience at the illustrious Milan Design Week *
  • 2 Winners of the conceptual category will be invited to Lexus Design Awards at the Milan Design Week in May 2021*

BANGALORE, India, Aug. 6, 2020 /PRNewswire/ — After three successful editions, Lexus India today announces the fourth edition of its prestigious Lexus Design Award India 2021 marking their footprint in the design space by providing evolving and prominent designers a space to showcase their creativity and talent. The call for entries are open from 6th August 2020 to 6th October 2020. The annual design competition offers professionals, students and design enthusiasts across the country a chance to exhibit their originality. Lexus India will embark on a digital journey with this edition of the awards.

With the aim to craft a better tomorrow, the Lexus Design Awards India channelizes creations and designs. As the world is battling the COVID-19 pandemic which has shaken the global social and economic equilibrium to its core, the LDAI 2021 continues to build a stage for individuals in stride to make the world a better place. The awards stand on the guiding principle of ‘Design for a Better Tomorrow.’  In accordance with its previous editions, the participants will need to manifest their core ideas basis on three key principles of the Lexus brand- Anticipate, Innovate, and Captivate, along with outlining how their designs would cater to the needs of the ever-changing society.

Commenting on the commencement of the Lexus Design Award India 2021 (LDAI), PB Venugopal, President, Lexus India said, «We are delighted to announce the fourth edition of the Lexus Design Award India. Lexus India is invested in supporting design philosophy that challenges ‘Status Quo’ to look at design solutions that craft a better tomorrow. Lexus Design Awards provides a platform for the design fraternity to showcase their talent in solving challenges and captivating the hearts and minds of the consumers. The past editions have received an overwhelming response with stellar entries by the very talented Indian design community. We believe this year, we will surpass the earlier editions and are definitely looking forward to ‘Designs for a better tomorrow’.»

Entries at the Lexus Design Award India 2021 will be judged across 10 categories on the following:

A. Established Work (Client/ Self-Commissioned)

  1. Product Design
  2. Furniture Design
  3. Textile Design
  4. Craft Design
  5. Design Thinking
  6. Public Utility Design
  7. Lifestyle Accessory Design
  8. Design for Social Impact

B. Conceptual Work

  1. Student Category
  2. Open Category

The finalists from the conceptual category will receive an exclusive mentorship program led by stalwarts of the design industry. The program will allow candidates to get valuable recommendations and ideas from experts, which can greatly influence to refine their projects.

Winners from the 10 categories will be awarded the Lexus Design Award India trophies designed by Michael Foley, the renowned designer who has set a benchmark in the design space and was on the panel of mentors for LDAI 2020. The winning designs will be promoted on Lexus India’s digital space along with the Guest Experience Centers across the country. Entries from the 2 conceptual work categories (9 & 10) will also be considered for the Lexus Design Award 2021, the international Design Award held worldwide by Lexus International. The winners from the 2 conceptual work categories (9 & 10) will be invited to the Lexus Design Event, at the Milan Design Week 2021*

The winners of LDAI 2021 will be announced in early 2021. The judges & mentors for the award will encompass some of the celebrated and noted designers from India and will be announced by October 2020. 

Applications and entries for the Lexus Design Award India are now open for submissions with the deadline for the entries being – 6thOctober 2020. Details of the Lexus Design Award India 2021 can be found at www.lexusindia.co.in/en/discover-lexus/lexus-design-award-india.

Official hashtag: #LexusDesignAwardIndia

Call For Entries To The Lexus Design Award India 2021

Application period

6th August 2020 – 6th October 2020

Guiding Principle

Design for a Better Tomorrow. Anticipate. Innovate. Captivate

Project Description:

     – Name of project 
     – One Line Short Description (Within 15 words) 
     – Full Description (Within 250 words) 
     – Include information on the background of the work, production / manufacturing process, materials used for construction and any facts or details you think are needed to fully explain your work.

Judging Criteria

1. Anticipate: How does your design anticipate the user experience and ultimately benefit society? (100 words)
2. Innovate: How is your design original and innovative? (100 words)
3. Captivate: How does your design captivate people? (100 words)

Judges

To be announced by October 2020

Mentors

To be announced by October 2020

Project Visuals

Images: 2 images are mandatory; one main image of your work and one image that demonstrate how your work would function or be used. 6 additional images are optional.

Application Fee

     – There is no application fee to participate in the Lexus Design Award India 
     – Participants are allowed to submit up to 5 entries per category

Award categories

10 Category Winners

Prizes / Benefits

     – 10 Winners receive the LDAI Award 
     – Winning works are promoted by Lexus India on digital media and Lexus Guest Experience Centers 
     – Entries from 2 Conceptual work categories to be considered for Lexus Design Award 2021 
     – Winners of the 2 Conceptual work categories invited to Lexus Design Event at Milan Design Week 2021 *(Note: Only one person per entry is invited, regardless of individual or group submission.) 
     – Finalists from Conceptual Work category will be invited for mentorship – a session with mentors from diverse fields who provide guidance to help refine their projects

 

*Subject to Change. The Organizer has the right to modify, suspend or terminate Lexus Design Award India 2021 including the invitation to visit Lexus Design Event at Milan Design Week 2021.

About Lexus Design Award India

The Lexus Design Award India (LDAI) seeks to recognize and reward the best industrial design executed by Indian designers, institutions, design consultancy firms, and in-house design teams of companies. Good design is defined by LDAI as the synthesis of ergonomic, aesthetic, commercial, industrial, and scientific disciplines to create products that simplify, enrich and better human existence. Lexus, as a brand, has always stood for excellence in design, ergonomics, sustainability, technological superiority, and responsible consumption; and the LDAI will mirror these brand values.

About Lexus Design Award

First launched in 2013, the Lexus Design Award is an international design competition that targets up-and-coming creators from around the world. The award seeks to foster the growth of ideas that contribute to society by supporting designers and creators whose works can help to shape a better future. It provides a unique opportunity for the finalists to work with globally recognized designers as a mentor to create prototypes of their designs, and then exhibit them at one of the design calendar’s most important events.

About Lexus

Lexus launched in 1989 with a flagship sedan and a guest experience that helped define the premium automotive industry. In 1998, Lexus introduced the luxury crossover category with the launch of the Lexus RX. The luxury hybrid sales leader, Lexus delivered the world’s first luxury hybrid and has since sold over 1.5 million hybrid vehicles. Since its debut in India in March 2017, Lexus has redefined luxury in the world’s fastest-growing major economy and has consistently delivered exceptional design and quality to the discerning Indian guest with a portfolio of 6 vehicles, 5 of which are self-charging hybrid electric vehicles. A global luxury automotive brand with an unwavering commitment to bold, uncompromising design, exceptional craftsmanship, and exhilarating performance, Lexus has developed its lineup to meet the needs of the next generation of global luxury guests and is currently available in over 90 countries worldwide. Lexus associates/team members across the world are dedicated to crafting amazing experiences that are uniquely Lexus, and that excite and change the world.

Website: www.lexusindia.co.in

Facebook: @LexusIndia
Instagram: @lexus_india
Official Hashtag: #LexusDesignAward

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Automotive Glazing Market worth $1.7 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 6, 2020 /PRNewswire/ —  According to the new market research report «Automotive Glazing Market By Application (Sidelite, Backlite, Sunroof, Lighting, Rear Quarter Glass), Vehicle Type (Passenger Car, Light and Heavy Commercial, Off-Highway, Electric), and Region – Global Forecast To 2025«, published by MarketsandMarkets™, the global Automotive…

CHICAGO, Aug. 6, 2020 /PRNewswire/ —  According to the new market research report «Automotive Glazing Market By Application (Sidelite, Backlite, Sunroof, Lighting, Rear Quarter Glass), Vehicle Type (Passenger Car, Light and Heavy Commercial, Off-Highway, Electric), and Region – Global Forecast To 2025«, published by MarketsandMarkets™, the global Automotive Glazing Market size is estimated to be USD 1.0 billion in 2020 and is projected to reach USD 1.7 billion by 2025, at a CAGR of 9.9%.

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The market will be driven primarily because of the increase in demand for vehicle weight reduction owing to stringent emission norms. Polycarbonate weighs 50% less than glass and provides 20 times more strength which is estimated to drive the Automotive Glazing Market for polycarbonate.

Browse in-depth TOC on «Automotive Glazing Market«

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63 – Figures
251– Pages

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«Passenger car to be the largest market for automotive glazing, by vehicle type»

Passenger cars include vehicles such as hatchback, SUVs, and sedans. According to OICA, the production of passenger cars accounted for the maximum share of the total global vehicle production for all the regions including in 2020 and is expected to dominate during the forecast period. Due to the better adaptability to complex design and glass-like transparency, nearly all vehicles are equipped with polycarbonate front and rear lightings. Applications such as sunroof and rear quarter glass, which are used mainly in passenger cars, are estimated to have high potential for polycarbonate installation. With the increasing installation of sunroof and rear quarter glass applications in passenger cars and usage of polycarbonate for these applications, passenger car is estimated to be the largest segment by vehicle type.

«BEV is projected to be the fastest-growing Automotive Glazing Market for electric vehicle»

Vehicle weight reduction is the predominant criteria in BEVs. As polycarbonate usage in glazing will reduce the vehicle weight by 20–25 kg, it will have a huge impact on the BEV range. Additionally, a majority of BEVs such as Tesla Model X, Model S, Model 3, and BMW i3 fall under the premium vehicle category Premium vehicles are equipped with sunroof and rear quarter glass. These applications are estimated to garner high potential for polycarbonate glazing. Increasing sales of BEVs coupled with the increasing penetration of polycarbonate glazing applications will result in BEV being the fastest-growing segment.

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«Asia Oceania expected to be the largest Automotive Glazing Market»

Asia Oceania is the largest Automotive Glazing Market and is expected to retain its position during the forecast period. Asia Oceania has emerged as a hub for automotive production in recent years owing to increasing population and urbanization. According to OICA, Asia Oceania accounted for ~46% of the global vehicle production in 2018 because of the presence of OEMs such as SAIC, Hyundai, Toyota, Suzuki, Tata, and Honda. Manufacturers in this region are focused on developing specific solutions that address fuel efficiency mandates. As consumers in the region are showing an increased inclination toward convenience and safety, the region has witnessed higher growth than the matured markets of Europe and North America. Because of high vehicle production, the total market size is greater than North American and Europe because of which Asia Oceania is estimated to be the largest Automotive Glazing Market.

Some of the key players in the Automotive Glazing Market are SABIC (Suadi Arabia), Covestro AG (Germany), Teijin (Japan), Webasto SE (Germany), Trinseo (US), Mitsubishi (Japan), Chi Mei Corporation (Taiwan), Freeglass (Germany), KRD Sicherheitstechnik (Germany), and Idemitsu (Japan). SABIC and Covestro adopted the strategies of expansion, and new product development, to retain its leading position in the Automotive Glazing Market.

Browse Related Reports:

Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region – Global Forecast to 2025

Automotive Windshield Market by Glass Type (Laminated and Tempered), Material Type (Thermoset and Thermoplastic), Position (Front and Rear), Vehicle Type (PCs, LCVs, and HCVs), Electric Vehicle Type (HEVs, BEVs, and PHEVs), and Region – Global Forecast to 2025

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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 Sensors Market worth $40.3 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 5, 2020 /PRNewswire/ — According to the new market research report «Automotive Sensors Market by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Safety & Control, Telematics), Vehicle Type, Sales Channel, Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Sensors Market is projected to reach USD 40.3 billion by 2025 from an estimated <span…

CHICAGO, Aug. 5, 2020 /PRNewswire/ — According to the new market research report «Automotive Sensors Market by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Safety & Control, Telematics), Vehicle Type, Sales Channel, Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Sensors Market is projected to reach USD 40.3 billion by 2025 from an estimated USD 24.5 billion in 2020, it is expected to grow at a CAGR of 10.5% from 2020 to 2025. Increased global motor vehicle production, rise in demand for vehicle electrification, formulation of stringent government regulations related to emissions, and an increase in consumer demand for safety and comfort in vehicles are the major factors driving the growth of the automotive sensors market. Increasing demand for advanced driver-assistance systems (ADAS) and ongoing rapid developments in autonomous cars present growth opportunities for the automotive sensors market.

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Based on type, the image sensors segment of the automotive sensors market is projected to grow at the highest CAGR from 2020 and 2025.

Based on type, the automotive sensors market has been segmented into position sensors, speed sensors, pressure sensors, oxygen sensors, NOx sensors, inertial sensors, temperature sensors, image sensors, and other sensors. Among all these, the image sensors segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased demand for image sensors used in ADAS, active parking assistance (APA) systems, lane departure warning (LDW) systems, collision avoidance systems, and other safety systems. The rapid development of autonomous cars, which rely significantly on image sensors, has also spiked the global demand for image sensors.

Based on application, the safety and control segment of the automotive sensors market is projected to grow at the highest CAGR during the forecast period.

The automotive sensors market has been segmented into powertrain, chassis, body electronics, safety & control, exhaust, telematics, and others. The government regulations pertaining to vehicle safety, rise in demand for safe, efficient, and convenient driving experience, and increasing demand for luxury cars are some of the factors driving the growth of the automotive sensors market for safety & control applications. The advent of autonomous cars and growing demand for electric vehicles would further create opportunities for the automotive sensors market for safety & control applications.

Browse in-depth TOC on «Automotive Sensors Market«

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77 – Figures
249 – Pages         

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The automotive sensors market in APAC is projected to grow at the highest CAGR from 2019 to 2025.

The automotive sensors market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The increasing purchasing power of consumers and the rising demand for highly efficient and safe vehicles are the main factors driving the growth of the automotive sensors market in APAC. Emerging economies such as India and China are major contributors to the growth of the automotive sensors market in this region. China is leading the global automobile production, and it is expected to continue leading this production during the forecast period as well. The Government of the People’s Republic of China emphasizes the promotion and adoption of energy-efficient plug-in hybrid electric vehicles (EVs) and pure EVs.

Robert Bosch (Germany), Continental AG (Germany), Delphi Automotive (UK), Denso Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (US), Allegro Microsystems (US), Analog Devices (US), Elmos Semiconductor (Germany), CTS Corporation (US), Autoliv Inc. (Sweden), NXP Semiconductor (Netherlands), TE Connectivity (Switzerland), STMicroelectronics(Switzerland), ON Semiconductor (US), Melexis (Belgium), ZF Friedrichshafen AG (Germany), Quanergy (US), Innoviz Technologies (Israel), and Velodyne LiDAR (US) are some of the key players in the automotive sensors market.

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Temperature Sensor Market by Product Type (Thermocouples, RTDs, Thermistors, Temperature Sensor ICs, Bimetallic, Infrared, and Fiber Optic Temperature Sensors), Output, End-user Industry, and Region – Global Forecast to 2027

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