Automotive Cyber Security Market is anticipated to exhibit a CAGR of close to 8% over the next ten years

NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as…

NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as information, navigation, safety, security, diagnostics, and entertainment has been increasing in recent years, and is projected to grow at a significant rate over the coming years. Along with this, connected cars and autonomous vehicles will be available globally in the next five to ten years.

Persistence Market Research Logo

Telematics services and connected cars require the Internet for the functioning of some key applications and transferring of data. As such, they are vulnerable to cyber-threats. Automotive cyber security is a system or technology that prevents or protects the systems of a vehicle that are susceptible to any cyber-attack. As more and more vehicles are connected to the Internet, the automotive industry is working closely with Internet service providers, software companies, and others concerned players to provide better cyber security systems to end users.

Get Sample PDF of Automotive Cyber Security Market: https://www.persistencemarketresearch.com/samples/22591

Key Takeaways from Study

  • OEMs and cyber security tech players are continuously collaborating with each other to develop advanced cyber security solutions to deal with highly sophisticated attacks.
  • Among the application, ADAS & safety systems are expected to witness high growth, owing to wide adoption in autonomous driving vehicles across the globe.
  • Among the regions, South Asia & Pacific is exhibiting a high growth rate, owing to expected rise in automobile production over the coming years
  • Infotainment systems will continue being the primary contributor to the growth of the automotive cyber security market on a global scale.
  • The market in the U.S. is projected to expand at a CAGR close to 7%, while that in the U.K. at nearly 8% through 2031.
  • Demand for automotive cyber security solutions in India is expected to surge at a CAGR of more than 13% over the next ten years.

«Rise in consumer demand for luxurious features and growing demand for passenger electric vehicles (EVs) would propel growth of automotive cyber security solutions,» says a Persistence Market Research analyst.

Also get the customized report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/22591

Continuous Rise in Number of Automotive ECUs to Drive Market Growth

The last decade has seen a phenomenal increase in the use of electronic components in automotive systems, resulting in the replacement of manual driving vehicles with autonomous vehicles. All these changes have been made possible due to the presence of Electronic Control Units (ECUs). Several types of ECUs are placed inside a vehicle to control various functions, ensuring a smooth and safe driving experience. Some automobile models running today have around 80 different ECUs present in them, and even more than 150 in luxury cars. The application of ECUs is done in a variety of systems in a vehicle, such as ADAS, infotainment, body control, and comfort system, among others, which means massive amount of information or data is been created and processed by an ECU during each drive.

There is a huge role of ECUs in enabling safety and security in every vehicles. Hardware security modules (HSMs) anchor security functions directly in the ECU’s main processors. These are combined with security software stacks to prevent unauthorized access of in-vehicle communications and vehicle control. Increasing adoption of ECUs in vehicles would also increase demand for HSMs modules, resulting in high growth in the automotive cybersecurity market. The HSM segment is expected to dominate the market, and is estimated to account for 43% of the total market value share in 2021.

Get full access of report: https://www.persistencemarketresearch.com/checkout/22591 

Impact of COVID-19 Outbreak

The COVID-19 pandemic has had a swift and severe impact on the global integrated automotive industry. Widespread impact of the pandemic has revealed a significant vulnerability in corporate supply chains. Factory closures, supply chain disruptions, and diminishing demand have all taken their toll. The impact caused global disruption in the exports of Chinese parts, large-scale manufacturing interruptions across Europe, and closure of assembly plants in the U.S

The automotive industry makes a significant contribution to the global economy. The industry’s annual turnover is equivalent to the world’s sixth-largest economy. However, amid the COVID-19 pandemic, the automotive industry faced a sharp drop in demand and investments. It is estimated that, manufacturing factory closures in Europe and North America caused around 2.2 million passenger vehicles to be removed from production schedules, at a cost of around US$ 70 billion in lost revenue for automotive and parts manufacturing companies. Moreover, as per estimates, the top 20 OEMs in the global auto sector will see profits decline by approximately US$ 100 billion in 2020.

During the outbreak, production as well as development of automotive cyber security products and solutions declined by nearly 6%-8% in Q1-Q2 2020, due to plunging production across Chinese factories, as they are one of the world’s major hardware security product manufacturers and suppliers. However, according to estimates, production has become quite stable from the last two quarters of 2020, and demand has started to gain traction again.

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for automotive cyber security market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in the market, it has been segmented on the basis of hardware (hardware security modules (HSMs), secure vehicle network gateways, trusted platform modules (TPMs), and others), software (embedded firewalls, encryption & cryptography , biometrics & authentication, and others), services (professional services [security consulting & risk assessment, integration & deployment, and support & maintenance], and managed security services); application (telematics, infotainment systems, powertrain systems, ADAS & safety systems, body control systems, and others), and vehicle (fuel-based vehicles [passenger cars and commercial vehicles] and electric vehicles [passenger cars and commercial vehicles]), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

Browse Research Release at: https://www.persistencemarketresearch.com/market-reports.asp

Browse End-to-end Market:  IT and Telecommunication

Related Reports:

About Persistence Market Research 

Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Rajendra Singh
Persistence Market Research(PMR)
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com 
Visit Our Website: https://www.persistencemarketresearch.com

 

Cision View original content:http://www.prnewswire.com/news-releases/automotive-cyber-security-market-is-anticipated-to-exhibit-a-cagr-of-close-to-8-over-the-next-ten-years-301244456.html

SOURCE Persistence Market Research Pvt. Ltd.

Cars.com Shoppers Logged a Record 30 Million Hours on the Platform Last Year, as More Americans Turn to Car Ownership

CHICAGO, March 10, 2021 /PRNewswire/ — One year from the start of a historic worldwide pandemic that changed commerce and transportation, maybe permanently, leading automotive digital marketplace and solutions provider Cars.com Inc. (NYSE: CARS) today unveiled new insights about the pandemic’s impact on car buying and selling. Shoppers logged a record 30 million hours on Cars.com over the last year as the stay-at-home economy took hold, representing a 9% increase since March…

CHICAGO, March 10, 2021 /PRNewswire/ — One year from the start of a historic worldwide pandemic that changed commerce and transportation, maybe permanently, leading automotive digital marketplace and solutions provider Cars.com Inc. (NYSE: CARS) today unveiled new insights about the pandemic’s impact on car buying and selling. Shoppers logged a record 30 million hours on Cars.com over the last year as the stay-at-home economy took hold, representing a 9% increase since March 2020.1  There were also significant jumps in first-time and urban buyers entering the auto market, reflecting a shift away from public or shared transportation and a heightened demand for the freedom and security provided by car ownership.

More Americans are prioritizing car ownership. A Cars.com national survey of over 1,500 online respondents revealed that 36% of those who purchased a new or used car since March 2020 were first-time car buyers. This trend is accompanied by accelerated purchasing timelines, growing demand for technology and safety features, and an average price increase for new and used vehicles.2

«One year ago, our world changed as we shifted to digital-first and faced significant transformations in work, travel and commerce. Americans quarantined in their homes found a new appreciation for their cars, which offered a much needed, safe escape and an extension of home during uncertain times,» said Alex Vetter, CEO of Cars.com Inc. «As the U.S. begins to open up, the durable trends we have witnessed in car shopping and selling over the last year will shape the future of automotive and ensure a strong retail environment in 2021. Our next normal demands convenient virtual experiences, online car-buying options and local home delivery.»

Cars.com tracked COVID-19’s impact on car shopping and selling since last March, observing the following significant consumer shifts:

  • Pandemic continues to advance purchasing timelines: Cars.com found nearly 60% of car buyers reported the pandemic influenced their decision to purchase a vehicle, with more than 50% buying sooner than originally planned.2 
  • Local dealers will bring it to you: At-home delivery and virtual services by local dealerships skyrocketed over the last year. Since the pandemic started, 20 million vehicles listed on Cars.com have been available for contactless, local home delivery.1
  • Urban car owners take the wheel: In the past year, 38% of car buyers were in urban areas, where the pandemic accelerated car ownership even further; 3 out of 4 city dwellers cited the pandemic as influencing their decision to buy. Urban buyers were also three times more likely to buy an EV than their suburban counterparts.2
  • New or used, cars are selling faster, and for more: Increased demand, supply challenges and a global chip shortage led to rising prices for consumers. New-vehicle average prices rose 4.8% year over year and notably sold 22 days faster on Cars.com compared to pre-pandemic. Used-vehicle average prices increased 9.7% year over year and sold five days faster on Cars.com from the same period a year ago.1
  • Tech, safety and versatility are increasingly important: Americans chose to drive more frequently and longer distances; at the same time, cars became extensions of homes and offices. Predictably, shoppers sought features that would provide more comfort, connection and peace of mind. The following features saw the largest upticks in 2020 searches1:
    • Tow Hitch +55.4% YoY
    • Cooled Seats +36.3% YoY
    • Heated Steering Wheel +34.0% YoY
    • Apple CarPlay/Android Auto +24.3% YoY
    • Rear Cross-Traffic Alert +116.5% YoY

For more information about 2021 car-buying and selling trends, visit Cars.com/news/coronavirus/.

1 Cars.com Internal Data
2 Cars.com’s survey results Feb. 19, 2021; 1,510 respondents

ABOUT CARS.COM
CARS is a leading digital marketplace and solutions provider for the automotive industry that connects car shoppers with sellers. Launched in 1998 with the flagship marketplace site Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.

In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider building solutions that future-proof dealerships with more efficient operations and connected digital experiences; FUEL, which gives dealers and OEMs the opportunity to harness the untapped power of digital video by leveraging Cars.com’s pure audience of in-market car shoppers, and DealerRater, a leading car dealer review and reputation management platform.

The full suite of CARS brands include Cars.com™, Dealer Inspire®, FUEL™, DealerRater®, Auto.com™, PickupTrucks.com™ and NewCars.com®. For more information, visit www.Cars.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/carscom-shoppers-logged-a-record-30-million-hours-on-the-platform-last-year-as-more-americans-turn-to-car-ownership-301244096.html

SOURCE Cars.com Inc.

Automotive Cyber Security Market is anticipated to exhibit a CAGR of close to 8% over the next ten years

NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as…

NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as information, navigation, safety, security, diagnostics, and entertainment has been increasing in recent years, and is projected to grow at a significant rate over the coming years. Along with this, connected cars and autonomous vehicles will be available globally in the next five to ten years.

Persistence Market Research Logo

Telematics services and connected cars require the Internet for the functioning of some key applications and transferring of data. As such, they are vulnerable to cyber-threats. Automotive cyber security is a system or technology that prevents or protects the systems of a vehicle that are susceptible to any cyber-attack. As more and more vehicles are connected to the Internet, the automotive industry is working closely with Internet service providers, software companies, and others concerned players to provide better cyber security systems to end users.

Get Sample PDF of Automotive Cyber Security Market: https://www.persistencemarketresearch.com/samples/22591

Key Takeaways from Study

  • OEMs and cyber security tech players are continuously collaborating with each other to develop advanced cyber security solutions to deal with highly sophisticated attacks.
  • Among the application, ADAS & safety systems are expected to witness high growth, owing to wide adoption in autonomous driving vehicles across the globe.
  • Among the regions, South Asia & Pacific is exhibiting a high growth rate, owing to expected rise in automobile production over the coming years
  • Infotainment systems will continue being the primary contributor to the growth of the automotive cyber security market on a global scale.
  • The market in the U.S. is projected to expand at a CAGR close to 7%, while that in the U.K. at nearly 8% through 2031.
  • Demand for automotive cyber security solutions in India is expected to surge at a CAGR of more than 13% over the next ten years.

«Rise in consumer demand for luxurious features and growing demand for passenger electric vehicles (EVs) would propel growth of automotive cyber security solutions,» says a Persistence Market Research analyst.

Also get the customized report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/22591

Continuous Rise in Number of Automotive ECUs to Drive Market Growth

The last decade has seen a phenomenal increase in the use of electronic components in automotive systems, resulting in the replacement of manual driving vehicles with autonomous vehicles. All these changes have been made possible due to the presence of Electronic Control Units (ECUs). Several types of ECUs are placed inside a vehicle to control various functions, ensuring a smooth and safe driving experience. Some automobile models running today have around 80 different ECUs present in them, and even more than 150 in luxury cars. The application of ECUs is done in a variety of systems in a vehicle, such as ADAS, infotainment, body control, and comfort system, among others, which means massive amount of information or data is been created and processed by an ECU during each drive.

There is a huge role of ECUs in enabling safety and security in every vehicles. Hardware security modules (HSMs) anchor security functions directly in the ECU’s main processors. These are combined with security software stacks to prevent unauthorized access of in-vehicle communications and vehicle control. Increasing adoption of ECUs in vehicles would also increase demand for HSMs modules, resulting in high growth in the automotive cybersecurity market. The HSM segment is expected to dominate the market, and is estimated to account for 43% of the total market value share in 2021.

Get full access of report: https://www.persistencemarketresearch.com/checkout/22591 

Impact of COVID-19 Outbreak

The COVID-19 pandemic has had a swift and severe impact on the global integrated automotive industry. Widespread impact of the pandemic has revealed a significant vulnerability in corporate supply chains. Factory closures, supply chain disruptions, and diminishing demand have all taken their toll. The impact caused global disruption in the exports of Chinese parts, large-scale manufacturing interruptions across Europe, and closure of assembly plants in the U.S

The automotive industry makes a significant contribution to the global economy. The industry’s annual turnover is equivalent to the world’s sixth-largest economy. However, amid the COVID-19 pandemic, the automotive industry faced a sharp drop in demand and investments. It is estimated that, manufacturing factory closures in Europe and North America caused around 2.2 million passenger vehicles to be removed from production schedules, at a cost of around US$ 70 billion in lost revenue for automotive and parts manufacturing companies. Moreover, as per estimates, the top 20 OEMs in the global auto sector will see profits decline by approximately US$ 100 billion in 2020.

During the outbreak, production as well as development of automotive cyber security products and solutions declined by nearly 6%-8% in Q1-Q2 2020, due to plunging production across Chinese factories, as they are one of the world’s major hardware security product manufacturers and suppliers. However, according to estimates, production has become quite stable from the last two quarters of 2020, and demand has started to gain traction again.

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for automotive cyber security market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in the market, it has been segmented on the basis of hardware (hardware security modules (HSMs), secure vehicle network gateways, trusted platform modules (TPMs), and others), software (embedded firewalls, encryption & cryptography , biometrics & authentication, and others), services (professional services [security consulting & risk assessment, integration & deployment, and support & maintenance], and managed security services); application (telematics, infotainment systems, powertrain systems, ADAS & safety systems, body control systems, and others), and vehicle (fuel-based vehicles [passenger cars and commercial vehicles] and electric vehicles [passenger cars and commercial vehicles]), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

Browse Research Release at: https://www.persistencemarketresearch.com/market-reports.asp

Browse End-to-end Market:  IT and Telecommunication

Related Reports:

About Persistence Market Research 

Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Rajendra Singh
Persistence Market Research(PMR)
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com 
Visit Our Website: https://www.persistencemarketresearch.com

Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research_Logo.jpg  

Automotive Cyber Security Market is anticipated to exhibit a CAGR of close to 8% over the next ten years

NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as…

NEW YORK, March 10, 2021 /PRNewswire/ — As per the findings of a new market research report by Persistence Market Research, the worldwide automotive cyber security market reached a valuation of around US$ 5.4 Bn in 2020, and is anticipated to exhibit a CAGR of close to 8% over the next ten years. Usage of telematics services such as information, navigation, safety, security, diagnostics, and entertainment has been increasing in recent years, and is projected to grow at a significant rate over the coming years. Along with this, connected cars and autonomous vehicles will be available globally in the next five to ten years.

Persistence Market Research Logo

Telematics services and connected cars require the Internet for the functioning of some key applications and transferring of data. As such, they are vulnerable to cyber-threats. Automotive cyber security is a system or technology that prevents or protects the systems of a vehicle that are susceptible to any cyber-attack. As more and more vehicles are connected to the Internet, the automotive industry is working closely with Internet service providers, software companies, and others concerned players to provide better cyber security systems to end users.

Get Sample PDF of Automotive Cyber Security Market: https://www.persistencemarketresearch.com/samples/22591

Key Takeaways from Study

  • OEMs and cyber security tech players are continuously collaborating with each other to develop advanced cyber security solutions to deal with highly sophisticated attacks.
  • Among the application, ADAS & safety systems are expected to witness high growth, owing to wide adoption in autonomous driving vehicles across the globe.
  • Among the regions, South Asia & Pacific is exhibiting a high growth rate, owing to expected rise in automobile production over the coming years
  • Infotainment systems will continue being the primary contributor to the growth of the automotive cyber security market on a global scale.
  • The market in the U.S. is projected to expand at a CAGR close to 7%, while that in the U.K. at nearly 8% through 2031.
  • Demand for automotive cyber security solutions in India is expected to surge at a CAGR of more than 13% over the next ten years.

«Rise in consumer demand for luxurious features and growing demand for passenger electric vehicles (EVs) would propel growth of automotive cyber security solutions,» says a Persistence Market Research analyst.

Also get the customized report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/22591

Continuous Rise in Number of Automotive ECUs to Drive Market Growth

The last decade has seen a phenomenal increase in the use of electronic components in automotive systems, resulting in the replacement of manual driving vehicles with autonomous vehicles. All these changes have been made possible due to the presence of Electronic Control Units (ECUs). Several types of ECUs are placed inside a vehicle to control various functions, ensuring a smooth and safe driving experience. Some automobile models running today have around 80 different ECUs present in them, and even more than 150 in luxury cars. The application of ECUs is done in a variety of systems in a vehicle, such as ADAS, infotainment, body control, and comfort system, among others, which means massive amount of information or data is been created and processed by an ECU during each drive.

There is a huge role of ECUs in enabling safety and security in every vehicles. Hardware security modules (HSMs) anchor security functions directly in the ECU’s main processors. These are combined with security software stacks to prevent unauthorized access of in-vehicle communications and vehicle control. Increasing adoption of ECUs in vehicles would also increase demand for HSMs modules, resulting in high growth in the automotive cybersecurity market. The HSM segment is expected to dominate the market, and is estimated to account for 43% of the total market value share in 2021.

Get full access of report: https://www.persistencemarketresearch.com/checkout/22591 

Impact of COVID-19 Outbreak

The COVID-19 pandemic has had a swift and severe impact on the global integrated automotive industry. Widespread impact of the pandemic has revealed a significant vulnerability in corporate supply chains. Factory closures, supply chain disruptions, and diminishing demand have all taken their toll. The impact caused global disruption in the exports of Chinese parts, large-scale manufacturing interruptions across Europe, and closure of assembly plants in the U.S

The automotive industry makes a significant contribution to the global economy. The industry’s annual turnover is equivalent to the world’s sixth-largest economy. However, amid the COVID-19 pandemic, the automotive industry faced a sharp drop in demand and investments. It is estimated that, manufacturing factory closures in Europe and North America caused around 2.2 million passenger vehicles to be removed from production schedules, at a cost of around US$ 70 billion in lost revenue for automotive and parts manufacturing companies. Moreover, as per estimates, the top 20 OEMs in the global auto sector will see profits decline by approximately US$ 100 billion in 2020.

During the outbreak, production as well as development of automotive cyber security products and solutions declined by nearly 6%-8% in Q1-Q2 2020, due to plunging production across Chinese factories, as they are one of the world’s major hardware security product manufacturers and suppliers. However, according to estimates, production has become quite stable from the last two quarters of 2020, and demand has started to gain traction again.

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for automotive cyber security market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in the market, it has been segmented on the basis of hardware (hardware security modules (HSMs), secure vehicle network gateways, trusted platform modules (TPMs), and others), software (embedded firewalls, encryption & cryptography , biometrics & authentication, and others), services (professional services [security consulting & risk assessment, integration & deployment, and support & maintenance], and managed security services); application (telematics, infotainment systems, powertrain systems, ADAS & safety systems, body control systems, and others), and vehicle (fuel-based vehicles [passenger cars and commercial vehicles] and electric vehicles [passenger cars and commercial vehicles]), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

Browse Research Release at: https://www.persistencemarketresearch.com/market-reports.asp

Browse End-to-end Market:  IT and Telecommunication

Related Reports:

About Persistence Market Research 

Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Rajendra Singh
Persistence Market Research(PMR)
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com 
Visit Our Website: https://www.persistencemarketresearch.com

Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research_Logo.jpg  

Forklift Market Revenue to Cross $90 Bn by 2027; Global Market Insights Inc.

SELBYVILLE, Del., March 10, 2021 /PRNewswire/ — Global Market Insights Inc. has recently added a new report on the forklift market which estimates the market valuation for forklift will…

SELBYVILLE, Del., March 10, 2021 /PRNewswire/ — Global Market Insights Inc. has recently added a new report on the forklift market which estimates the market valuation for forklift will cross US$ 90 billion by 2027. High demand for automated machines that will replace traditional manual material handling techniques will drive industry growth. The involvement of human labor for the movement of goods is time-consuming, in turn, reducing productivity. This has resulted in high demand for forklifts that ensure fast movement of pallets or goods.

There is an increasing demand for counterbalance forklifts that safely lift a wide range of weights up to 48 tons. These trucks are versatile and can be operated in both outdoor and indoor environments. These forklifts are also gaining popularity as they can be powered using both gas and diesel. They can also be powered using batteries. Counterbalanced forklifts come in a range of capacities from 2,000 to 6,000 pounds. Storage units, warehouses, and distribution units are increasingly using these forklifts for their material handling requirements. There is a high demand for electric-powered counterbalance forklifts that ensure clean operations with zero-emission.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1371 

There is an increasing demand for Class II electric motor narrow aisle trucks as they can be efficiently used in constrained spaces. This enables warehouse owners and industrial facility operators to maximize the available storage space. These trucks are used to handle pallets and move inventory in facilities. They ensure clean operations as they are powered by electric batteries. There is an increasing demand for forklifts as high maneuverability enables them to operate in narrow aisles and tight spaces. The growing adoption of forklifts in small industrial facilities will fuel the market growth.

The expanding chemical industry globally, will offer growth opportunities to the forklift market as chemical facilities adopt these machines to handle large volumes of fluids and hazardous chemicals. Employee safety is a major concern for chemical facility operators as these companies deal with explosive and harmful chemicals. This encourages them to employ forklifts that will efficiently handle the fluids. Stringent regulations regarding worker safety will further propel the demand for forklifts across the chemical industry.

The expanding industrial sector in the Middle East & Africa will offer growth opportunities to the forklift market. Government organizations in the UAE and Saudi Arabia are supporting industrial revolution with favorable initiatives. In the last decade, the contribution of the industrial sector in UAE’s GDP ranged between 11% and 14%. The government has embarked on a concerted effort to develop and sustain a prolific manufacturing and industrial sector in the UAE. Such initiatives will encourage industrial owners to replace traditional manual material handling techniques with new automated solutions. This will propel the forklift market growth.

Some major findings of the forklift market report are:

  • The incorporation of advanced technologies, such as RFID and IoT, in forklifts will fuel their adoption. These technologies enable operators to remotely control the vehicle through a software and track the exact location of the vehicle. The growing penetration of IoT across the manufacturing sector will further boost the adoption of forklifts.
  • The growing trend of warehouse automation will boost the demand for forklifts for transfer of goods in facilities. These lift trucks enable facility owners to speed up the process of material handling. It also enables them to easily place objects at large heights in racks.
  • The expanding retail & e-commerce industries will also fuel the demand for forklifts across distribution facilities. The growing popularity of online retailing has increased competition amongst market players. E-commerce companies are focusing on modernizing their distribution facilities to streamline operations. This will fuel the demand for forklifts for loading & unloading goods in trucks and stacking them in warehouses.
  • Class VII rough terrain forklifts will witness growing demand from the expanding construction sector globally. Commercial infrastructure development projects across the globe, will fuel the demand for lift trucks that can be employed in rugged outdoor environments.

Request for customization of this research report at https://www.gminsights.com/roc/1371

Partial chapters of report table of contents (TOC):

Chapter 3   Forklift Industry Insights

3.1    Industry segmentation

3.2    Impact of coronavirus (COVID-19) pandemic

3.2.1    Global outlook

3.2.2    Regional outlook

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    South America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.3.1    Component suppliers

3.2.3.2    Manufacturers

3.2.3.3    System integrators

3.2.4    Competitive landscape

3.2.4.1    Strategy

3.2.4.2    Distribution network

3.2.4.3    Business growth

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Component suppliers

3.3.3    Manufacturers

3.3.4    System integrators

3.3.5    Distribution channel analysis

3.3.6    End-use landscape

3.3.7    Vendor matrix

3.4    Technology & innovation landscape

3.4.1    Data analytics

3.4.2    Energy efficiency measures

3.4.3    Impact of IoT

3.4.4    Robotics & automation

3.4.5    Telematics & GPS technology

3.5    Regulatory landscape

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Rising expansion of e-commerce and logistic industry in North America.

3.6.1.2    Stringent emission norms drive the demand for electric forklifts in Europe

3.6.1.3    Increasing technological innovations and adoption of automation in manufacturing activities in North America and Europe

3.6.1.4    Growing automation demand from Asia Pacific

3.6.1.5    Improving industrial sector and enhancing productivity demand in South American economies

3.6.1.6    Proliferation of the aviation industry in MEA

3.6.2    Industry pitfalls & challenges

3.6.2.1    High initial investment & maintenance costs

3.6.2.2    Lack of trained operators

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Industry rivalry

3.8.2    Threat of new entrants

3.8.3    Buyer power

3.8.4    Supplier power

3.8.5    Threat of substitutes

3.9    PESTEL analysis

3.9.1    Political

3.9.2    Economic

3.9.3    Social

3.9.4    Technological

3.9.5    Environmental

3.9.6    Legal

About Global Market Insights

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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Global Market Insights, Inc.
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Global Forklift Market demand worth USD 90 by 2027
Forklift Market size is likely to cross USD 90 billion by 2027, according to a new research report by Global Market Insights Inc.

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Día Mundial del Riñon 2021: Educar, empoderar e involucrar a los pacientes

La activación de los conocimientos, habilidades y confianza de los pacientes en la augestión de la enfermedad renal mejoar la atención y la calidad de vida.

BRUSELAS, 10 de marzo de 2021 /PRNewswire/ — El 10% de la población mundial está afectada por la enfermedad renal crónica (ERC) y más de 2 millones de personas en todo el mundo reciben tratamiento con diálisis o trasplante de riñón.

El 11 de marzo de 2021, DIA MUNDIAL DEL RIÑON 2021, cuyo lema  se centra en «Salud renal para todos en todas partes: vivir…

La activación de los conocimientos, habilidades y confianza de los pacientes en la augestión de la enfermedad renal mejoar la atención y la calidad de vida.

BRUSELAS, 10 de marzo de 2021 /PRNewswire/ — El 10% de la población mundial está afectada por la enfermedad renal crónica (ERC) y más de 2 millones de personas en todo el mundo reciben tratamiento con diálisis o trasplante de riñón.

El 11 de marzo de 2021, DIA MUNDIAL DEL RIÑON 2021, cuyo lema  se centra en «Salud renal para todos en todas partes: vivir bien con la enfermedad renal«, tiene como objetivo aumentar la educación y la conciencia sobre el manejo eficaz de los síntomas y el empoderamiento del paciente, con el objetivo final de fomentar la participación significativa en la vida diaria de las personas que viven con enfermedad renal.

Lea el texto completo del comunicado de prensa aquí: https://www.worldkidneyday.org/resource/wkd-press-release-2021/.

El enfoque actual centrado en la enfermedad no refleja plenamente las prioridades y valores de los pacientes con respecto a vivir bien con la enfermedad. Las estrategias eficaces pueden ayudar a minimizar la carga de los síntomas relacionados con la ERC para mejorar la satisfacción del paciente, la calidad de vida y, en última instancia, la participación en la vida.

«Queremos enfatizar que con la identificación oportuna y el tratamiento adecuado, los pacientes con enfermedad renal pueden llevar una vida saludable y exitosa y mantener su rol y funcionamiento social en línea con sus prioridades, valores y metas. Es responsabilidad de todos mejorar la comprensión de los pacientes sobre su función y proporcionar un entorno propicio que mejore sus habilidades y les permita aprovechar al máximo el sistema de atención médica «, afirma conjuntamente Vivekanand Jha, Presidente de la Sociedad Internacional de Nefrología (ISN). y Siu-Fai Lui, presidente de la Federación Internacional de Fundaciones Renales – Alianza Mundial del Riñón (IFKF-WKA), que juntos lideran la campaña del Día Mundial del Riñón (WKD).

El Día Mundial del Riñón, el 11 de marzo de 2021, aumentará la conciencia de todos sobre sus riñones y reconocerá a los 850 millones de personas que viven con enfermedad renal en todo el mundo. Una de las formas en que el público puede participar en el Día Mundial del Riñón es mostrando su apoyo en las redes sociales mediante el hashtag #worldkidneyday.

Gentex Applauded by Frost & Sullivan for Its Comprehensive Powered Air Purifying Respiratory Solution Suite, PureFlo 3000

With its unique all-in-one approach, low total cost of ownership, and superior customer experience, the PureFlo 3000 series exceeds customer expectations

SANTA CLARA, Calif., March 10, 2021 /PRNewswire/ — Based on its recent analysis of the North American powered air purifying respiratory (PAPR) protection equipment market,

With its unique all-in-one approach, low total cost of ownership, and superior customer experience, the PureFlo 3000 series exceeds customer expectations

SANTA CLARA, Calif., March 10, 2021 /PRNewswire/ — Based on its recent analysis of the North American powered air purifying respiratory (PAPR) protection equipment market, Frost & Sullivan recognizes Gentex Corporation with the 2020 North American New Product Innovation Award. Gentex’s innovative PureFlo 3000 PAPR series enhances workplace safety by integrating protection with an unrivaled level of comfort. Features are configured to the needs of diverse industries, such as construction, food processing, light manufacturing, pharmaceutical manufacturing, welding, and healthcare. In addition, the series is optimized for settings such as smelters and nuclear power plants.

«The PureFlo 3000 offers true value through high efficiency, durability, compatibility and improved safety» said Rahul Arora, Best Practices Research Analyst at Frost & Sullivan. «Optimized for maximum mobility, the series combines respiratory with head, face, eye, and optional hearing protection for use in light-to-medium duty environments. In addition, the series eliminates snag hazards because it has no belts, hoses, or cables, and its loose-fitting design ensures it can be safely used by individuals with beards or prescription eyeglasses without requiring extensive fit testing.»

Significantly, Gentex manufactures its protective hoods from a range of disposable materials to suit different industries and applications. In addition to application versatility and user comfort, the series enables a lower total cost of ownership. For example, the PureFlo 3000 offers a pre-filter and spark arrestor to reduce hazards and extend the filter life, reduces maintenance costs, and has fewer breakable and replaceable parts.

Another customer-focused feature of the PureFlo 3000 PAPR series is its miniaturized, fast-charging lithium-ion battery that offers four to five hours of run time in high-performance environments. Gentex’s successful performance highlights its ability to leverage customer engagement to achieve greater penetration in industrial sectors. By having a finger on the pulse of customer needs, Gentex continually enhances its head top design, weight, quality, battery run time, and level of protection.

«Gentex has met the PAPR needs of a wide range of industries by uniquely offering integrated head, face, eye, and hearing protection solutions, along with respiratory protection in a single device,» noted Rahul Arora.»The company continues to set itself apart from the competition through an outstanding value proposition, wherein it leads with innovative products, is solution driven, and ensures the best customer experience.»

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

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

Contact:

Claudia Toscano
P: 210.477.8417
E: claudia.toscano@frost.com

About Gentex Corporation (Gentex)

With a history of innovation that spans over 125 years, Gentex Corporation is a leading supplier of products that advance personal protection and situational awareness for global defense forces, emergency responders, and industrial personnel operating in high-performance environments. Our portfolio includes helmet system platforms, hearing protection and communications products, and capability upgrades for defense and security forces sold under the Gentex and Ops-Core brands, as well as PureFlo industrial respiratory protection systems. Privately held, Gentex is headquartered in Carbondale, Pennsylvania, and supports its global customers through a worldwide distributor network and six other facilities in the U.S., the U.K., and Australia. Learn more at www.gentexcorp.com.

Contact:

Nora Musgjerd 
P: +1 570.282.8418
E: nmusgjerd@gentexcorp.com

Día Mundial del Riñon 2021: Educar, empoderar e involucrar a los pacientes

La activación de los conocimientos, habilidades y confianza de los pacientes en la augestión de la enfermedad renal mejoar la atención y la calidad de vida.

BRUSELAS, 10 de marzo de 2021 /PRNewswire/ — El 10% de la población mundial está afectada por la enfermedad renal crónica (ERC) y más de 2 millones de personas en todo el mundo reciben tratamiento con diálisis o trasplante de riñón.

El 11 de marzo de 2021, DIA MUNDIAL DEL RIÑON 2021, cuyo lema  se centra en «Salud renal para todos en todas partes: vivir…

La activación de los conocimientos, habilidades y confianza de los pacientes en la augestión de la enfermedad renal mejoar la atención y la calidad de vida.

BRUSELAS, 10 de marzo de 2021 /PRNewswire/ — El 10% de la población mundial está afectada por la enfermedad renal crónica (ERC) y más de 2 millones de personas en todo el mundo reciben tratamiento con diálisis o trasplante de riñón.

El 11 de marzo de 2021, DIA MUNDIAL DEL RIÑON 2021, cuyo lema  se centra en «Salud renal para todos en todas partes: vivir bien con la enfermedad renal«, tiene como objetivo aumentar la educación y la conciencia sobre el manejo eficaz de los síntomas y el empoderamiento del paciente, con el objetivo final de fomentar la participación significativa en la vida diaria de las personas que viven con enfermedad renal.

Lea el texto completo del comunicado de prensa aquí: https://www.worldkidneyday.org/resource/wkd-press-release-2021/.

El enfoque actual centrado en la enfermedad no refleja plenamente las prioridades y valores de los pacientes con respecto a vivir bien con la enfermedad. Las estrategias eficaces pueden ayudar a minimizar la carga de los síntomas relacionados con la ERC para mejorar la satisfacción del paciente, la calidad de vida y, en última instancia, la participación en la vida.

«Queremos enfatizar que con la identificación oportuna y el tratamiento adecuado, los pacientes con enfermedad renal pueden llevar una vida saludable y exitosa y mantener su rol y funcionamiento social en línea con sus prioridades, valores y metas. Es responsabilidad de todos mejorar la comprensión de los pacientes sobre su función y proporcionar un entorno propicio que mejore sus habilidades y les permita aprovechar al máximo el sistema de atención médica «, afirma conjuntamente Vivekanand Jha, Presidente de la Sociedad Internacional de Nefrología (ISN). y Siu-Fai Lui, presidente de la Federación Internacional de Fundaciones Renales – Alianza Mundial del Riñón (IFKF-WKA), que juntos lideran la campaña del Día Mundial del Riñón (WKD).

El Día Mundial del Riñón, el 11 de marzo de 2021, aumentará la conciencia de todos sobre sus riñones y reconocerá a los 850 millones de personas que viven con enfermedad renal en todo el mundo. Una de las formas en que el público puede participar en el Día Mundial del Riñón es mostrando su apoyo en las redes sociales mediante el hashtag #worldkidneyday.

SangSom Thai Rum Unlocks the New Drinking Experience with the «Bucket For 1»

In Post-Lockdown Thailand, NOT SHARING IS THE NEW CARING

BANGKOK, March 10, 2021 /PRNewswire/ — SangSom Thai Rum brand reveals the new drinking experience with the «Bucket For 1», a SangSom’s redesigned alcoholic bucket features a special lid design. This caring bucket is a part of its «Not Sharing is the New Caring» campaign aiming to ensure Thais and visitors can enjoy the new partying experience during the pandemic with consideration and social responsibility.

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In Post-Lockdown Thailand, NOT SHARING IS THE NEW CARING

BANGKOK, March 10, 2021 /PRNewswire/ — SangSom Thai Rum brand reveals the new drinking experience with the «Bucket For 1», a SangSom’s redesigned alcoholic bucket features a special lid design. This caring bucket is a part of its «Not Sharing is the New Caring» campaign aiming to ensure Thais and visitors can enjoy the new partying experience during the pandemic with consideration and social responsibility.

SangSom Thai Rum Unlocks the New Drinking Experience with the “Bucket For 1”

SangSom redesigned the iconic «Sharing Bucket», a popular alcoholic bucket at the famous full moon party in Thailand, to be a «Bucket For 1», to ensure safe partying for all shaping new behaviour under the current climate. The new design is made perfect for individuals, and has a special lid design that lets party-goers twist and turn to mark the initials to prevent mix-up. Giving a whole new meaning to responsible drinking and partying.

Thailand is one of the most successful countries in containing the pandemic, it’s also one of the first to lift its lockdown regulations. As of now, the ‘new normal’ life has resumed in the land of smiles. With people getting back together, but with some precautionary measures and new etiquette, such as the saying that ‘sharing is not caring’ anymore.

Find out more about «Bucket For 1» at https://youtu.be/JRoqsn_s3hk

Photo – https://mma.prnewswire.com/media/1453429/bucket_for_1_9march.jpg

 

SEAT shows how its big data contributes to improving road safety

– Connected cars generate dozens of gigabytes of data every day that can be used to improve infrastructures

– The new SEAT Data Office processes it in a secure, non-identifiable way to generate uses for the benefit of road safety

– VW Group brands collaborate to produce pavement condition maps with information from stability control, ABS and GPS

MARTORELL, Spain, March 10, 2021 /PRNewswire/ — Whenever we drive a connected car, dozens of gigabytes of data are generated…

– Connected cars generate dozens of gigabytes of data every day that can be used to improve infrastructures

– The new SEAT Data Office processes it in a secure, non-identifiable way to generate uses for the benefit of road safety

– VW Group brands collaborate to produce pavement condition maps with information from stability control, ABS and GPS

MARTORELL, Spain, March 10, 2021 /PRNewswire/ — Whenever we drive a connected car, dozens of gigabytes of data are generated anonymously and collected by its numerous sensors and electronic components, such as traction control, stability control, the front camera and radar. By adding this data to the information obtained from other vehicles, for example, sections of roads all over Europe that are in need of repair can be located. How does this happen? The team at the new SEAT Data Office is responsible for storing and processing this huge volume of information.

Data on the move. When you step on the accelerator or raise or lower a window, the electronic units that control them emit signals that are sent to a server in the cloud, via a 4G connection. And it’s all based on anonymised data.

Frontline observers. Data from traction control, stability control, brakes and the temperature of our vehicles tell us about all those conditions that affect tyre contact with the road, from accumulated water, ice or snow to broken or worn pavements.

A controlled environment. The data from the front cameras and sensors let us know the availability of parking spaces on the street, the flow of traffic or if there is an obstacle on the road in real time, information which is very useful for navigation and emergency services. Another example is traffic sign detection. If the car relies not only on its camera, but also on the cameras of other vehicles and coordinates with historical information, it will be able to know that at a particular point there is, for example, a STOP or a solid line, even if it is not visible at that moment for whatever reason.

Far-reaching possibilities for projects. The data analysis of connected cars is just one of the fields in which the new SEAT Data Office is working. This multidisciplinary team is also working on optimising the company’s operations by analysing the data processed by its more than 1,000 IT systems.

Video – https://youtu.be/gqYJqZlPJJA
Photo – https://mma.prnewswire.com/media/1452983/SEAT_Team.jpg
Photo – https://mma.prnewswire.com/media/1452984/SEAT_Connected_Car_Data.jpg
Photo – https://mma.prnewswire.com/media/1452985/SEAT_Data_Analysis.jpg
Logo – https://mma.prnewswire.com/media/797359/SEAT_Logo.jpg