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

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

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

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136 – Tables
53 – Figures
172 – Pages

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

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

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

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

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Asia Pacific: The largest Automotive Piston Market

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

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

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

Browse Related Reports:

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

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

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

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

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

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

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

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

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

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

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

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

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Table of Contents (ToC) of the report:

Chapter 3  Automotive Wheel Market Insights

3.1 Industry segmentation

3.2 Industry landscape, 2016 – 2026

3.2.1 COVID-19 impact on industry landscape

3.3 Industry ecosystem analysis

3.3.1 Component suppliers

3.3.2 Manufacturers

3.3.3 Distribution chain analysis

3.3.3.1 Distributors

3.3.3.2 E-commerce

3.3.4 End users

3.3.4.1 OEM

3.3.4.2 Aftermarket

3.3.5 Profit margin analysis

3.3.6 Value chain disruptions due to COVID-19

3.3.7 Vendor matrix

3.4  Technology landscape

3.4.1 Casting technology

3.4.1.1 Low Pressure Die Casting (LPDC)

3.4.1.2 High Pressure Die Casting (HPDC)

3.4.1.3 Gravity casting

3.4.2 Flow forming technology

3.4.3 Forging technology

3.4.4 High Light Technology (HLT)

3.5 Regulatory landscape

3.6 Industry best practices and key buying criteria

3.6.1 Need recognition

3.6.2 Information search

3.6.3 Evaluation of alternatives

3.6.4 Purchase decision

3.6.5 Post purchase behaviour

3.7 Global automotive production overview

3.7.1 Production data

3.7.2 Automotive production, by country (

3.7.2.1 Passenger cars

3.7.2.2 Commercial Vehicles

3.8 Differentiation in paint layering overview

3.9 Automotive wheel paint layering, by material

3.9.1 Aluminum

3.9.2 Steel

3.9.3 Magnesium

3.9.4 Carbon

3.10 Automotive wheel consumption scenario

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

3.11.1  Regional pricing

3.11.1.1 North America

3.11.1.2 Europe

3.11.1.3 Asia Pacific

3.11.1.4 Latin America

3.11.1.5 Middle East & Africa

3.11.2 Cost structure analysis, 2019

3.11.2.1 Raw material cost

3.11.2.2 Labor cost

3.11.2.3 Other raw material cost

3.11.2.4 Energy & Utilities cost

3.12 Industry impact forces

3.12.1 Growth drivers

3.12.2 Industry pitfall and challenges

3.13 Innovation & sustainability

3.13.1 MICHELIN ACORUS technology

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

3.14 Growth potential analysis, 2019

3.15 Porter’s analysis

3.16 Competitive landscape, 2019

3.16.1 Global company market share analysis, 2019

3.16.2 Company performance analysis, 2019

3.17 Strategy dashboard

3.18 PESTLE analysis

3.19 COVID-19 impact on automotive industry

Browse Complete Table of Contents (ToC) @

https://www.gminsights.com/toc/detail/automotive-wheel-market

About Global Market Insights, Inc.

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

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

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

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

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

Browse in-depth TOC on «Electric Coolant Pump Market»

133 – Tables
62 – Figures
199 – Pages

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

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

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

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

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

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

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

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

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

About MarketsandMarkets™ 

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

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

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

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

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

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

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

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

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

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

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

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

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

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

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

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

Browse Related Reports:

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

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

About MarketsandMarkets™ 

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

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

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/semi-autonomous-bus-market.asp
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Automotive Software Market Worth $37.0 Billion by 2025 – Exclusive Report by MarketsandMarkets™

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

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

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241 – Pages

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

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

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

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

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

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

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

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

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

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

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

 Browse Related Reports:

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, and Region – Global Forecast to 2027

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

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Semi-Autonomous & Autonomous Truck Market Worth $3,254 Thousand Units by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 20, 2020 /PRNewswire/ — According to the new market research report «Semi-Autonomous & Autonomous Truck Market By Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, Truck Class, ADAS…

CHICAGO, May 20, 2020 /PRNewswire/ — According to the new market research report «Semi-Autonomous & Autonomous Truck Market By Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, Truck Class, ADAS Features, Sensor, and Region – Global Forecast to 2030″, published by MarketsandMarkets™, the global Semi-Autonomous Truck Market size is projected to grow from 948 thousand units in 2020 to reach 3,254 thousand units by 2025, at a CAGR of 28.0%. The global Autonomous Truck Market size is projected to grow from USD 460 million in 2024 to reach USD 1,550 million by 2030, at a CAGR of 22.4%.

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The growth of the semi-autonomous truck market can be attributed to the increasing road accidents, the need for efficient truck operations and demand for ADAS features in the trucks. Government bodies across the world have started regulating the safety standards in trucks to reduce fatalities in road crashes.

Factors such as shortage of drivers, companies eyeing a reduction in delivery & transportation cost, and increasing research and development in technologies such as V2X, 5G, connected trucks, ADAS, and platooning will drive the market for autonomous trucks in the forecast. The pandemic COVID-19 might benefit the autonomous truck market, as companies will be looking for autonomous options for delivering and shipping to the customers.

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North America is expected to lead the global market during the forecast period

North America is the technology leader in autonomous technology. The region is home to some of the leading technology developers, such as Waymo, Uber, Intel, and Embark. These companies are focusing on the development of autonomous technology. Also, in the US, the testing of autonomous vehicles has started in some states. This will create an opportunity for further development of autonomous trucks. For instance, Daimler tested its level 4 autonomous truck on the streets of Virginia, US. Also, the region is dominated by pickup trucks having advanced semi-autonomous driving features. Ford and GMC are some of the leading players offering pickup trucks in the country. Tesla will enter the market soon with its ‘Cybertruck’ having all the semi-autonomous features and an optional autonomous driving feature as well.

The last-mile delivery truck segment is expected to be the largest market during the forecast

Using autonomous last-mile delivery trucks can help companies save 40% of the total cost. Also, the shortage of human delivery driver/personnel and increasing e-commerce will be driving the autonomous truck market for last-mile delivery applications. For instance, the E-commerce giant, Amazon, has been eyeing the usage of autonomous last-mile delivery technology to cut the delivery cost and has invested in many tech companies related to it as well. Waymo and Embark are some of the companies that have involved in the development of such delivery truck technologies. Apart from this, the COVID-19 pandemic will drive the human contactless delivery of goods.

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

Asia Pacific is expected to be the fastest-growing semi-autonomous as well as in the autonomous truck market during the forecast period, owing to China and Japan’s rapid progress toward vehicle automation, especially mining and delivery trucks; and increasing safety regulations by various countries. For instance, South Korea’s Transport Ministry has made Autonomous Emergency Braking and Lane Departure Warning systems mandatory in passenger cars from January 2019 and in trucks and other vehicles from July 2021. Currently, both these systems are mandatory in more than 11-meter commercial vehicles and trucks and special vehicles weighing more than 20 tons.

Asia Pacific is expected to be a technology follower. Once a robust technology is created, the region will speedily adopt the technology. Also, Asia is the largest manufacturer of trucks and contributes more than 65% of the total number of trucks manufactured globally. Road safety concerns will further propel the growth of the autonomous truck market in the region. Also, the introduction of autonomous technologies in mining trucks would drive the Asia Pacific autonomous truck market, as China is the biggest mining country in the world

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The global semi-autonomous truck market is dominated by major players such as Continental (Germany) Bosch (Germany), Aptiv (UK), AB Volvo (Sweden), and Denso (Japan). All the companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position. On the other hand, Embark (US), Tesla (US), TuSimple (US), Caterpillar (US), and Waymo (US) are some of the companies that are focusing on developing autonomous trucks.

Browse Related Reports:

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

Semi-Autonomous and Autonomous Vehicles Market by Level of Automation (Level 1, Level 2&3 & Autonomous Vehicles), ADAS Features, Components (AI, Radar, LIDAR, Camera and Ultrasonic Sensor), Fuel Type (ICE, EV), and Region – Global Forecast to 2022 & 2030

About MarketsandMarkets™ 

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

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

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

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AUTOCRYPT Releases a Major Update to its BSM Verification V2X Technology

Enhanced hybrid V2X Technology for BSM Verification Effectively Advances the Mobility Security Standards for OBU, Network Software, and Chipset Providers

SEOUL, South Korea, May 20, 2020 /PRNewswire/ — AUTOCRYPT, a leader in transportation security technologies for connected vehicles, presented a major update to its BSM (Basic Safety Message) verification technology with an advanced version that outperforms at a minimum of 30% enhanced speed and accuracy compared to its major…

Enhanced hybrid V2X Technology for BSM Verification Effectively Advances the Mobility Security Standards for OBU, Network Software, and Chipset Providers

SEOUL, South Korea, May 20, 2020 /PRNewswire/ — AUTOCRYPT, a leader in transportation security technologies for connected vehicles, presented a major update to its BSM (Basic Safety Message) verification technology with an advanced version that outperforms at a minimum of 30% enhanced speed and accuracy compared to its major competitors. 

BSM is a packet of data that is utilized when sharing information about a vehicle’s position, heading, speed, and other critical data of the vehicle’s state and predicted path. With faster and safer verification technology, this version will be a massive release for all OBU (On-Board Unit) manufacturers, providers, including those Network Software, and Chipset providers expanding to bolster the industry’s growth ambitions with fast, powerful and reliable automotive security technologies.

With upgraded specifications, AUTOCRYPT’s hybrid mixed-mode technology applied to existing chipset hardware increased efficiency of mobility communications environment. The optimization maximized the capabilities and showed successful V2X security module test results. As a result, AUTOCRYPT is expecting to cultivate the global market with partners via activities such as OmniAir’s Plugfests and lay the foundation for automakers and Tier 1 suppliers alike. 

«The main features of this update are enhanced speed, accuracy, and portability,» said Daniel ES Kim, CEO of AUTOCRYPT. «As the market demands more reliable technology that can be deployed to various layers of OBU production, strategically tapping our resources will not only drive innovation across the entire automotive security industry but also raise performance standards and set trends globally.»

AUTOCRYPT’s V2X solutions are built upon two decades of heritage by industry experts with market-proven expertise in security. The V2X solution has been applied to all C-ITS projects in South Korea since 2016. AUTOCRYPT offers international standards-compliant automotive security solutions that can be customized to meet specific requirements across North America, Europe and the APAC region including China.

About AUTOCRYPT

As a leader in transportation security technologies, AUTOCRYPT’s mission is to enable safe transportation and mobility alike by focusing on securing connected vehicles. Initially developed in-house at Penta Security in 2007, AUTOCRYPT spun off as a separate entity in 2019, carrying over more than a decade’s worth of experience and expertise. Recognized as the «Best Auto Cybersecurity Product/Solution» by TU-Automotive, AUTOCRYPT continues to expand its global presence and offerings, providing comprehensive transportation security through a multi-layered, holistic approach. AUTOCRYPT’s solution and services are utilized throughout various projects in support of securing in-vehicle networks as well as C-ITS related technologies, including V2X, RSU-based communications, and PKI. Moreover, AUTOCRYPT enables secure EV charging through Plug&Charge (PnC), a simplified communications solution, as well as a secure mobility data platform and complementary fleet management systems. For more information on AUTOCRYPT, visit www.autocrypt.io. For partnership inquiries, email marketing@autocrypt.io.

XCMG Jumps up to Global Top Four on KHL’s Yellow Table 2020 Continuing to Lead Chinese OEM Firms

XUZHOU, China, May 19, 2020 /PRNewswire/ — With revenue of USD 11.162 billion, XCMG (SHE: 000425) has moved up to 4th place in the ranking of the world’s top 50 construction equipment manufacturers, according to the Yellow Table 2020 released by British publisher KHL Group. XCMG once again leads the growth among the Chinese manufacurer companies on the list.

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XUZHOU, China, May 19, 2020 /PRNewswire/ — With revenue of USD 11.162 billion, XCMG (SHE: 000425) has moved up to 4th place in the ranking of the world’s top 50 construction equipment manufacturers, according to the Yellow Table 2020 released by British publisher KHL Group. XCMG once again leads the growth among the Chinese manufacurer companies on the list.

XCMG Jumps up to Global Top Four on KHL’s Yellow Table 2020 Continueing to Lead Chinese OEM Firms

The top 50 companies listed in the Yellow Table 2020 represent a total revenue of over US$200 billion in 2019, a 10 percent increase compare to 2018. The latest data disclosed by KHL Group showed that while there’s been high volatility in the global construction machinery market, brands from China are becoming increasingly important sources of growth. China-based companies on the 2020 list achieved nearly USD 36 billion, which equartes to 17.7% of total revenue from 50 brands.

In 2019, the ‘Belt and Road’ Initiative fuelled China’s export of construction machinery and equipment, the global economic recovery also drove growing demand in the construction machinery market, while factors such as the high growth of domestic infrastructure investment, surge in demand for replacement equipment, and the recovery of mining industry, all contributed to the rapid yet stable development of China’s construction machinery industry.

«XCMG has always emphasized reaching the summit of Everest as the core aspiration of the company, which is shown by achieving continuous technological breakthroughs, global expansion backed by superior product quality, marketing and service. This is how we measure and have achieved our success so far,» said Wang Min, Chairman of XCMG.

XCMG now holds nearly 1,000 core technologies, 32 percent of which are breakthrough technologies. Its success in the super-tonnage equipment sector is one of the keys to it standing strong in the international market, such as the 4,000-ton crawler crane XGC88000, the world’s No.1 crane which has set multiple world records.

Chinese construction machinery brands only accounted for 2 to 5 percent of overseas sales 10 years ago, as China transforms towards quality-oriented manufacturing, the number has now increased to 30 percent.

«XCMG’s strategy amidst this industrial transformation is a focus on high quality, high efficiency, high value and sustainable. We want to create a new path that contributes to the high-quality development of the manufacturing industry and the economy,» said Wang Min.

XCMG’s new generation of «Advanced and Endurable» products have delivered excellent performance in global construction projects, such as the construction of the FIFA World Cup Qatar 2022™ stadium, the 480-kilometer Mombasa Nairobi Railway and Africa’s largest Dangote refinery project. Worldwide, XCMG now has four overseas R&D centers, 15 manufacturing bases, KD factories or joint ventures, 70 subsidiaries and offices and more than 300 dealers. It is China’s No.1 exporter of construction equipment and has held this title for 31 years in a row.

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Auto Dimming Mirror Market to Reach $2.77 Bn, Globally, by 2026 at 5.3% CAGR: Allied Market Research

Surge in demand for advanced feature and rise in need for safety in automobiles drive the growth of the global auto dimming market

PORTLAND, Oregon, May 19, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Auto Dimming Mirror Market by Application (Inside Rear-View Mirror and Outside Rear-View Mirror), Vehicle Type (Passenger Vehicle and Commercial…

Surge in demand for advanced feature and rise in need for safety in automobiles drive the growth of the global auto dimming market

PORTLAND, Oregon, May 19, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Auto Dimming Mirror Market by Application (Inside Rear-View Mirror and Outside Rear-View Mirror), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Fuel Type (ICE, Hybrid, and Electric): Global Opportunity Analysis and Industry Forecast, 2019–2026.» According to the report, the global auto dimming mirror industry was estimated at $1.86 billion in 2018 and is expected to hit $2.77 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026.

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Drivers, restraints & opportunities-

Rise in demand for advanced feature and increase in need for safety in automobiles fuel the growth of the global auto dimming mirror market. On the other hand, high cost compared to conventional mirrors curbs the growth to certain extent. However, production of cloud based auto dimming mirrors is expected to create multiple opportunities in the near future.

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The inside rear-view mirror segment to retain its dominance during the study period-

Based on application, the inside rear-view mirror segment contributed to more than half of the global auto dimming mirror market revenue in 2018, and is expected to rule the roost by 2026. The fact that inside rear-view mirror offers various features such as microphones, lighting assist, home link, driver assist, forward safety camera systems, compass, and others boosts the growth of the market. The outside rear-view mirror segment, on the other hand, would grow at the fastest CAGR of 6.1% throughout the forecast period. These mirrors are powered by interior electrochromic rear-view mirrors and also include additional features such as side blind zone indicators, turn signal indicators, and courtesy lighting. This factor has empowered the segment growth.

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The passenger vehicle segment to lead the trail by 2026-

Based on vehicle type, the passenger vehicle segment garnered the major share in 2018, holding nearly two-thirds of the global auto dimming mirror market. This is due to the fact that leading automotive manufacturers are providing auto dimming mirrors in their cars to increase safety of passengers and drivers. The commercial vehicle segment, on the other hand, would showcase the fastest CAGR of 5.8% during the estimated period, owing to increasing trading activities.

Asia-Pacific to remain lucrative in terms of revenue-

Based on geography, the Asia-Pacific region accounted for more than two-fifths of the global auto dimming mirror market share in 2018, and is projected to dominate during 2019–2026. The same province would also cite the fastest CAGR of 6.5% by the end of 2026. This is because the automobile industry giants in the region are introducing new range of vehicles with the feature of auto-dimming rear-view mirrors.

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Key players in the market-

  • Flabeg
  • Honda Lock
  • Tokairika, Co, Ltd.
  • Konview
  • Shenzhen Germid Co., Ltd.
  • Magna
  • Ficosa
  • Murakami Corporation
  • SAMVARDHANA MOTHERSON GROUP
  • Gentex corporation

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XCMG Machineries Completes Several World-Record Level Construction Projects

  • 4,000-ton XGC88000 Crawler Crane Lifts the Largest EO/EG Wash Tower in the World
  • 2,000-ton XGC28000 Hoisted Asia’s Largest Single-caliber, Fully Mobile Antenn

XUZHOU, China, May 15, 2020 /PRNewswire/ — XGC88000, the 4,000-ton crawler crane of XCMG (SHE: 000425), has set a new world record as it completed a 2,000-ton EO/EG washing tower hoisting operation for the Gulei Refining and Chemical Integration Project recently in Zhangzhou, <span…

  • 4,000-ton XGC88000 Crawler Crane Lifts the Largest EO/EG Wash Tower in the World
  • 2,000-ton XGC28000 Hoisted Asia’s Largest Single-caliber, Fully Mobile Antenn

XUZHOU, China, May 15, 2020 /PRNewswire/ — XGC88000, the 4,000-ton crawler crane of XCMG (SHE: 000425), has set a new world record as it completed a 2,000-ton EO/EG washing tower hoisting operation for the Gulei Refining and Chemical Integration Project recently in Zhangzhou, Fujian Province.

XCMG 4,000-ton Crawler Crane XGC88000 Lifts the Largest EO/EG Wash Tower in the World.

The 2,000-ton EO/EG washing tower has a diameter of 9 meters and total height of 102 meters, the specifications of which are the largest in the world. The XGC88000 welded two parts of the tower body seamlessly at a height of 50 meters (164 feet).

The docking and installation of the upper half of the tower require extremely high levels of precision, and XGC88000 was able to finely adjust the position and minimize the fluctuation to ensure the vertical deviation of the two sections was less than 20 millimeters.

The XGC88000 made its overseas debut of hoisting a 1,926-ton washing tower last year in Saudi Arabia and went on to complete a hoisting operation of 15 parts for Duqm Oil Refinery project of Oman Oil in Oman.

«XCMG is always in pursuit of reaching the higher and stronger goals, the XGC88000 has worked on a dozen of major petrochemical projects overseas and set new records one after another. The landmark achievements will further expand XCMG’s presence in the international market and inspire our company to continue to strive for excellence,» said Wang Min, Chairman of XCMG.

On April 25, XCMG’s 2,000-ton crawler crane XGC28000 successfully hoisted the main reflection surface for the 70-meter high-performance receiving antenna constructed by the National Astronomical Observatories of the Chinese Academy of Sciences (NAOC), a key equipment to receive data coming from missions on Mars. The project will be Asia’s largest single-caliber, fully mobile antenna.

Meanwhile, XCMG’s V7 mixers recently participated in the Shenzhen-Zhongshan Bridge construction, another significant infrastructure project that’s setting eight world records including the world’s largest and widest two-way eight-lane tunnel.

Furthermore, five XCP330HG (7525-18) and two XGT8020-12 tower cranes that have been working on the construction of Wenzhou-Xintian-Yangtze River Bridge, witnessing the capping of the super bridge, which is the largest two-tower single-span steel box girder suspension bridge in the Three Gorges Reservoir.

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