Automotive Sensor Market to Reach $37.65 Billion, Globally, by 2027 at 10.2% CAGR: Allied Market Research

Increase in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, and rise in use of custom designed electronics devices fuel the growth of the global automotive sensor market.

PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Global Automotive Sensor Market by Type (Temperature Sensors, Pressure Sensors, Motion Sensors, Speed Sensors, and Gas Sensors) and Application…

Increase in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, and rise in use of custom designed electronics devices fuel the growth of the global automotive sensor market.

PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Global Automotive Sensor Market by Type (Temperature Sensors, Pressure Sensors, Motion Sensors, Speed Sensors, and Gas Sensors) and Application (Powertrain, Chassis, Body Electronics, Safety & Security, and Telematics): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global automotive sensor industry was estimated at $16.40 billion in 2019, and is anticipated to hit $37.65 billion by 2027, registering a CAGR of 10.2% from 2020 to 2027.

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Drivers, restraints, and opportunities-

Increase in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, and rise in use of custom designed electronics devices fuel the growth of the global automotive sensor market. On the other hand, high development cost of automotive sensors impedes the growth to some extent. Nevertheless, technological advancement in the automobile industry and growing automotive sector are expected to create lucrative opportunities in the near future.

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Covid-19 scenario-

  • During the first phase of the lockdown, a number of regulations were imposed on the transportation sector and accordingly, there was a significant decline in the demand for automotive sensors from the automobile vertical.
  • Also, huge disruptions in the supply chain affected the market negatively.
  • However, with the government bodies across the world coming up with several relaxations, the global market is projected to go back to its stance soon.

The temperature sensor segment to maintain the lion’s share-

Based on type, the temperature sensor segment accounted for around one-fourth of the global automotive sensor market revenue in 2019 and is anticipated to retain its dominance till 2027, owing to rise in demand for self-propelled temperature sensor in the automotive industry. Simultaneously, the gas sensor segment would grow at the fastest CAGR of 14.7% from 2020 to 2027. There has been a significant rise in the use of gas sensors in order to detect different types of harmful gases in the atmosphere. This factor has fueled the segment growth.

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The powertrain segment to dominate by 2027-

Based on application, the powertrain segment contributed to around one-fourth of the global automotive sensor market share in 2019 and is expected to rule the roost by the end of 2027. This is attributed to its better fuel economy. The body electronics segment, on the other hand, would portray the fastest CAGR of 12.7% during the study period. Increase in demand for high-end technologies such as collision avoidance, driver assistance, and premium audio systems drives the segment growth.

Asia-Pacific, followed by North America, garnered the major share in 2019-

Based on geography, Asia-Pacific, followed by North America, garnered the major share in 2019, holding nearly half of the global automotive sensor market. The same region would also manifest the fastest CAGR of 11.3% throughout the forecast period. Rapid growth of industrialization, low operating cost, and increase in population are some of the key factors responsible for the market growth in the region.

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Key players in the industry-

  • DENSO Corporation
  • Infineon Technologies AG
  • AUTOLIV INC
  • Continental AG
  • STMicroelectronics N.V
  • Valeo
  • Sensata Technologies
  • Robert Bosch
  • Delphi Automotive Company
  • NXP Semiconductor

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AirCar – The Flying Car Passed Flight Tests. Next Stop: Driving a New Market

NITRA, Slovakia, Oct. 28, 2020 /PRNewswire/ — AirCar (V5) is the latest generation flying car that transforms from road vehicle into air vehicle in less than 3-minutes. Useful for leisure and self-driving journeys, and also as a commercial taxi service, the dual mode transformation vehicle can go from driving to flying mode with the click of a button.

 

<img id="prnejpg962cleft" title="AirCar – The Flying Car…

NITRA, Slovakia, Oct. 28, 2020 /PRNewswire/ — AirCar (V5) is the latest generation flying car that transforms from road vehicle into air vehicle in less than 3-minutes. Useful for leisure and self-driving journeys, and also as a commercial taxi service, the dual mode transformation vehicle can go from driving to flying mode with the click of a button.

 

AirCar - The Flying Car Passed Flight Tests. Next Stop: Driving a New Market

 

The fifth generation flying car designed by Professor Stefan Klein completed two 1500′ AGL flights at Piestany airport in Slovakia this week. The model safely achieved two full airport patterns, including two takeoffs and landings.

Cars can be heavy, but planes must be light. The two-seat model weights 1,100kg and can carry additional load of 200kg per flight. Powered by a BMW 1.6l engine, the car-plane has an effective power output of 140HP. Estimated travel range of AirCar is 1,000km and flight consumption of 18 l/h.

AirCar takes you from ground to sky with a takeoff of 300m reaching speeds up to 200 km/h. But most importantly, the stability and controllability of the AirCar is accessible to any pilot.

«The key flight parameters confirmed all theoretical concepts and calculations that the development of the AirCar was based on. Following the completion of all required flight tests in compliance with EASA regulations, we will deliver a model with a certified ADEPT, 300HP engine within the next 6 next months,» said Professor Stefan Klein, Klein Vision’s CTO and test pilot. «The good news is, we already have a buyer,» Professor Klein added.

«With AirCar you will arrive at your destination without the hassle of getting a ride to airport and passing through commercial security, you can drive your AirCar to the golf course, the office, the mall or your hotel and park it in a normal parking space,» said Anton Zajac, Klein Vision’s co-founder, investor and pilot. 

«The wing and tail deployment/retraction mechanism is very impressive, converting the automobile into an airplane. The cockpit providing space for the driver/pilot and a passenger is very roomy and nicely styled. The overall appearance of the flying car on road and in the air is superb,» added Dr. Branko Sarh, Boeing Co. Senior Technical Fellow (ret).

Latest AirCar test flight video: https://www.youtube.com/watch?v=QAnIjwwzupI&feature=youtu.be&ab_channel=KleinVision

For more information on Klein Vision company click here, or visit www.klein-vision.com.

Notes to editors: Photography available on request.

About Klein Vision, s.r.o.

Klein Vision is a research and development company that turned professor Klein’s 30 year old dream into reality. The company developed a patented technology that made an affordable flying car a reality.

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Level 1 and 2 Autonomous Truck Sales to Reach 1.1 Million Units By 2040 in North America and Europe

OEMs will need to exhibit agile strategies to support AV technologies through alliances and acquisitions, says Frost & Sullivan

SANTA CLARA, California, Oct. 28, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Opportunities and Use Cases for Autonomous Trucking, Forecast to 2040, maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. Level 1…

OEMs will need to exhibit agile strategies to support AV technologies through alliances and acquisitions, says Frost & Sullivan

SANTA CLARA, California, Oct. 28, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Opportunities and Use Cases for Autonomous Trucking, Forecast to 2040, maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. Level 1 features are predominant in the medium and heavy commercial vehicle (MHCV) segment, with an estimated 45% penetration. The commercial launch of Level 2 features started this year. By 2030, Level 4 autonomous trucks will account for transportation of ~6.4% of general freights by ton-miles in the United States, leading to savings of $4.75 billion in annual freight costs.

Driven by the regulatory stimulus, Level 1 and Level 2 features are expected to grow exponentially to reach estimated cumulative sales of 1.1 million units (penetration of 88%) by 2040. Level 4 trucks are expected to be commercialized post-2025 in countries spearheading autonomous mobility transition with progressive government policies, innovation, infrastructure, and societal acceptance.

For further information on this analysis, please visit: http://frost.ly/4f7

«Long haul is expected to see an imminent increase in autonomous trucks after 2025, whereas progress in an urban application will be similar to that of the passenger vehicles segment,» said Jagadesh Chandran, Automotive & Transportation Research Analyst at Frost & Sullivan. «Autonomous trucks require extensive mapping and analysis of geographic, static, and dynamic traffic data along with developments in the storage and broadcast channels for cooperative and precise functioning.»

Chandran added: «Due to the COVID-19 pandemic, the trucking industry faced issues such as driver shortage and surge in commodity demand triggered by panic shopping. Autonomous trucks offer a solution to mitigate such scenarios by being safe, less human-dependent and with the capability to operate continuously for longer durations.»

OEMs and players in the trucking industry can remain competitive in the transforming landscape by tapping these growth opportunities:

  • Develop ecosystems that support Autonomous Vehicle technologies through alliances and acquisitions of players with domain expertise, as the industry faces a monetization opportunity shift from an OEM centric model to multi-stakeholder model. Invest in machine learning and artificial intelligence, research and development (R&D), support regulatory framework and infrastructure development Companies need to focus in these areas for faster commercialization of autonomous trucks.
  • Provide new solutions, such as product liability, cybersecurity, data sales, or infrastructure insurance, to help overcome current obstacles to autonomous truck deployment.
  • Collaborate with all involved stakeholder in the development of a liability framework plan for the application of autonomous trucks.
  • Develop Autonomous Vehicle businesses in uses cases that offer immediate scope for implementation and offer autonomous service solutions around freight transportation model.

Opportunities and Use Cases for Autonomous Trucking, Forecast to 2040 is the latest addition to Frost & Sullivan’s Automotive & Transportation research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

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

Opportunities and Use Cases for Autonomous Trucking, Forecast to 2040
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PAL-V World’s First Flying Car Hits The Road

Have you ever seen a flying car passing you on the highway? Now this is a real possibility!

The PAL-V Liberty has been approved for road usage and can now be spotted on the European roads.

RAAMSDONKSVEER, Netherlands, Oct. 28, 2020 /PRNewswire/ — Who hasn’t dreamed about a flying car? Taking your car for a ride in the sky?  This dream is one step closer now. After flying and driving the test prototype in 2012, PAL-V started the design of the Liberty, its commercial product. Recently…

Have you ever seen a flying car passing you on the highway? Now this is a real possibility!

The PAL-V Liberty has been approved for road usage and can now be spotted on the European roads.

RAAMSDONKSVEER, Netherlands, Oct. 28, 2020 /PRNewswire/ — Who hasn’t dreamed about a flying car? Taking your car for a ride in the sky?  This dream is one step closer now. After flying and driving the test prototype in 2012, PAL-V started the design of the Liberty, its commercial product. Recently the Liberty passed the stringent European road admission tests and now is allowed on the streets with an official license plate. This completed a rigorous and extensive drive test program carried out on test tracks since February 2020. From high-speed ovals, brake and noise pollution testing, the PAL-V is now ready to take on the roads.

 

Flying Car PAL-V Liberty Road Admission

 

Mike Stekelenburg, CTO of PAL-V, explained how he experienced this journey: «With the memories in mind of fly and drive testing our proof of concept, the PAL-V One, I was looking forward to testing the Liberty. We have been cooperating with the road authorities for many years to reach this milestone. The excitement you feel in the team is huge. It was very challenging to make a «folded aircraft» pass all road admission tests.» Stekelenburg adds: «For me, the trick in successfully making flying car is to ensure that the design complies with both air and road regulations. I feel the energy and motivation in our team to push hard for the last few milestones and get the Liberty certified for flying too.»

The PAL-V will be undergoing endurance testing for the coming months, people can witness the PAL-V on the European roads from now on.

Hans Joore, test-driver of PAL-V, states: «When I fired-up the PAL-V for the first time I got goosebumps! All the effort that we put into it came together at that crucial moment. Hearing the vehicle come to life was just magnificent and driving it was great. It’s very smooth and responsive to the steering and with a weight of just 660 kg it accelerates really well. The overall experience is like a sportscar. It feels sensational.»

Since 2015 the PAL-V Liberty design has been going through aviation certification with EASA (European Aviation Safety Agency). Finalization is expected in 2022. The PAL-V Liberty significantly benefits from the certification experience accumulated in the earlier flight test program with the PAL-V One. Over 1200 test reports need to be completed before the final 150 hours of flight testing can take place. After this the deliveries to customers will start.

PAL-V CEO, Robert Dingemanse, added: «It’s another great step forward for us, now we ‘drive’ ahead to the last milestones. In parallel we organize roadshows across Europe to demonstrate the PAL-V to customers: Where shall we meet?»

www.PAL-V.com/roadshow 

Photo – https://mma.prnewswire.com/media/1320542/PAL_V_Flying_Car.jpg

 

 

 

Passenger Car Accessories Aftermarket worth $248.41 Bn, Globally, by 2026 at 8.5% CAGR: Allied Market Research

Stringent government regulations to replace, rise in the trend of vehicle customization coupled with increase in disposable income, and high focus on the well-being of drivers fuel the growth of the global passenger car accessories aftermarket.

PORTLAND, Ore., Oct. 27, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «

Stringent government regulations to replace, rise in the trend of vehicle customization coupled with increase in disposable income, and high focus on the well-being of drivers fuel the growth of the global passenger car accessories aftermarket.

PORTLAND, Ore., Oct. 27, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Passenger Car Accessories Aftermarket by Type (External Accessories and Internal Accessories) and Application (Roof Rack, LED Lights, Body Kits, Body Covers, Alloy Wheels, Tires, Car Care Products, Window Films, Seat & Steering Covers, Electronic Accessories, Knobs, Floor Mats, Sunshades, Car Organizers, Air Fresheners, Vacuum Cleaners, Pillows & Cushions, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.» According to the report, the global passenger car accessories aftermarket industry was estimated at $128.97 billion in 2018, and is anticipated to hit $248.41 billion by 2026, registering a CAGR of 8.5% from 2019 to 2026.

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Drivers, restraints, and opportunities-

Stringent government regulations to replace or upgrade the accessories, rise in the trend of vehicle customization coupled with increase in disposable income, and high focus on the well-being of drivers fuel the growth of the global passenger car accessories aftermarket. On the other hand, decrease in global vehicle production, surge in the drift toward shared mobility, rise in raw-material prices, and high automotive import tariffs restrain the growth to some extent. However, technological advancements, growth in demand for luxurious vehicles, and untapped developing markets in Africa and Asia are expected to create lucrative opportunities in the segment.

COVID-19 scenario-

  • Disruptions in Chinese parts exports, interruptions in large scale manufacturing across Europe, and the closure of assembly plants in the United States have impacted the global passenger car accessories aftermarket badly.
  • Moreover, the global lockdown has compelled people to stay back at home. So, quite naturally, there’s been a steep fall in the zest to upgrade their cars with advanced features. However, with several government bodies coming up with relaxations on the existing restrictions, the global market is expected to recover shortly.

Get detailed COVID-19 impact analysis on the Passenger Car Accessories Aftermarket Request Here!

The external accessories segment to retain its dominance by 2026-

Based on type, the external accessories segment accounted for more than half of the global passenger car accessories aftermarket share in 2018, and is expected to rule the roost by the end of 2026. Rise in disposable income of people along with the strict vehicle acts in some of the countries are driving the growth of the segment. The internal accessories segment, on the other hand, would register the fastest CAGR of 9.2% during the study period. The fact that internal car accessories give a stylish look to the car from inside and also provides convenient and comfort features to the driver as well as co-drivers spurs the segment growth.

The tyres segment to rule the roost-

Based on application, the tyres segment contributed to nearly one-third of the global passenger car accessories aftermarket revenue in 2018, and is projected to lead trail till 2026. Installation of right tyres on cars not only allows the vehicles to get proper traction over the road but it also plays a crucial role in improving their performance. This factor has driven the segment growth. Simultaneously, the alloy wheels segment would garner the fastest CAGR of 18.6% throughout the forecast period. One of the main benefits of alloy wheels is their lightweight feature that results in better handling and reduction of the overall weight of the vehicle. This aspect has propelled the growth of the segment.

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Asia-Pacific to dominate in terms of revenue, North America to grow at a moderate rate-

Based on geography, Asia-Pacific held the major share in 2018, generating more than half of the global passenger car accessories aftermarket. The Asia-Pacific automotive motor industry is controlled by government policies that encourage sustainable manufacturing and investments in the sector. At the same time, LAMEA would register the fastest CAGR of 11.0% by 2026. Factors such as growth in IoT and rise in the demand for advanced technologies in automobiles propel the growth of the market.  However, North America would portray a CAGR of 9.3% from 2019 to 2026.

Frontrunners in the industry-

  • CEAT Limited
  • Continental Corporation
  • Michelin
  • Pirelli Tyre C S.p.A.
  • JK Tyre & Industries Limited
  • MRF Limited
  • Volkswagen AG
  • Sumitomo Rubber Industries, Ltd.
  • Visteon Corporation
  • The Yokohama Rubber Co., Ltd.
  • Hella KGaA Hueck & Co.
  • Bridgestone Corporation
  • Panasonic Corporation
  • HARMAN International
  • Ford Motor Company
  • Audi AG
  • Alpine Electronics, Inc.
  • The Goodyear Tire & Rubber Company
  • Pioneer Corporation
  • BMW Group
  • DENSO Corporation

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Automotive Accessories Market by Component (External Component (Racks, LED Lights, Body Kits, Chrome Accessories, Covers, Alloy Wheels, Window Films, Helmets, and Others) and Internal Component (Covers, Electronics Accessories, Knobs, Communication System, Mats, Fragrance, Central Locking System, Dash Kits, and Others)), Distribution Channel (Original Equipment Manufacturer and Aftersales), and Application (Passenger Cars, Commercial Vehicle, and Two-wheelers) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

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About Allied Market Research

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Humanising Autonomy delivers industry leading VRU perception on Ambarella CVflow® AI vision processors for next-gen dash cams

LONDON, Oct. 27, 2020 /PRNewswire/ — Humanising Autonomy, a predictive AI company, announced today it is working with Ambarella, Inc. (Nasdaq: AMBA) to deliver cutting edge perception and human behaviour analytics for advanced driver assistance systems (ADAS), autonomous vehicles (AVs), and consumer dash cameras. Integrating Humanising Autonomy’s HAxEdge intent prediction engine and Ambarella’s CVflow® chip range enables advanced vulnerable road user (VRU) perception in a variety of…

LONDON, Oct. 27, 2020 /PRNewswire/ — Humanising Autonomy, a predictive AI company, announced today it is working with Ambarella, Inc. (Nasdaq: AMBA) to deliver cutting edge perception and human behaviour analytics for advanced driver assistance systems (ADAS), autonomous vehicles (AVs), and consumer dash cameras. Integrating Humanising Autonomy’s HAxEdge intent prediction engine and Ambarella’s CVflow® chip range enables advanced vulnerable road user (VRU) perception in a variety of automotive cameras, with the solution available now for immediate deployment.

The solution combines Ambarella’s deep understanding of core computer vision algorithms with Humanising Autonomy’s specialised knowledge of human intent prediction, bringing an exceptional, automotive grade, ASIL B-rated camera solution to market. Device manufacturers and automakers can improve safety critical functionality of ADAS and AV systems with the HAxEdge optimized on the CVflow range of SoCs. The low-power, modular solution can be deployed for a variety of use cases including: real time intent prediction for forward collision warning, blind spot detection, automated emergency braking and adapted cruise control functionality.

Said Humanising Autonomy chief executive officer Maya Pindeus: «Ambarella and Humanising Autonomy are aligned in our missions to provide precise, accurate perception in all environments.» She continued, «Combined with the power of the CVflow chip, the HAxEdge will empower OEM, Tier 1 and device suppliers to improve safety for the driver and pedestrian alike.»

Ambarella vice president of marketing and business development Chris Day added: «This collaboration gives dash cam and automotive manufacturers easy access to leading-edge perception and human behaviour analytics optimized on a single, low-power AI vision processor for a broad range of applications and with fast time-to-market.»

Humanising Autonomy’s HAxEdge product is a state-of-the-art intent prediction engine that extracts observable and inferable behaviours from video data to predict the full range of human actions. Ambarella’s chip architecture is based on a deep understanding of core computer vision algorithms, and it includes CVflow—a dedicated vision processing engine programmed with a high-level algorithm description—which allows Ambarella’s architecture to scale performance to trillions of operations per second with extremely low power consumption.

ABOUT HUMANISING AUTONOMY

Humanising Autonomy is a predictive AI company creating a global standard that improves the way automated systems interact with people in any environment. As a critical perception technology, Humanising Autonomy’s intent prediction engine provides real-time accident and near miss prevention, improving the safety and efficiency of urban mobility systems across cities worldwide. With equal gender representation and a hugely diverse team, the company is actively hiring for both commercial and tech roles to grow and accelerate towards their vision of better interactions between people and autonomous technology worldwide. Learn more at: https://www.humanisingautonomy.com.

Contact:
Emily Taylor 
+44 (0)7308 658586 
emily@humanisingautonomy.com

Automotive Differential Market to Reach $28.57 Bn, Globally, by 2026 at 5.2% CAGR: Allied Market Research

Increasing demand for commercial vehicles and surge in automobile manufacturing have boosted demand for the global automotive differential market.

PORTLAND, Ore., Oct. 26, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Automotive Differential Market by Drive Type (Front-Wheel Drive (FWD), and Rear-Wheel Drive (RWD)), Vehicle Type…

Increasing demand for commercial vehicles and surge in automobile manufacturing have boosted demand for the global automotive differential market.

PORTLAND, Ore., Oct. 26, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Automotive Differential Market by Drive Type (Front-Wheel Drive (FWD), and Rear-Wheel Drive (RWD)), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric vehicle), and Type (Open, Locking, LSD, ELSD, and Torque Vectoring): Global Opportunity Analysis and Industry Forecast, 2019–2026.» According to the report, the global automotive differential market generated $19.16 billion in 2018, and is expected to reach $28.57 billion by 2026, witnessing a CAGR of 5.2% from 2019 to 2026.

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Prime determinants of growth

Surge in demand for commercial vehicles and significant rise in automobile manufacturing drive the global automotive differential market. However, increase in manufacturing of vehicles with in-wheel electric motors restrain the market growth. On the other hand, manufacturing of electronic limited slip differentials offers new opportunities in coming years.

The front-wheel drive (FWD) segment to maintain its lead position throughout the forecast period

Based on drive type, the front-wheel drive (FWD) segment contributed to more than half of the total share of the global automotive differential market in 2018, and is estimated to maintain its lead position throughout the forecast period. This is due to its attribute to reduce weight, production costs, and fuel consumption. However, the all-wheel drive (AWD) segment is expected to witness the highest CAGR of 6.1% from 2019 to 2026, owing to increase in power and better control than other wheel drive systems along with improved handling proficiencies on different surfaces.

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The passenger car segment to continue its dominant position in terms of revenue by 2026

Based on vehicle type, the passenger car segment held the highest market share of the global automotive differential market, contributing to more than four-fifths of the total market share in 2018, and is estimated to continue its dominant position in terms of revenue by 2026. This is due to increase in infrastructural development activities. However, the electric vehicle segment is expected to register the fastest CAGR of 13.6% from 2019 to 2026. This is attributed to increase in demand for fuel efficient vehicles and government regulations for emission reduction.

Asia-Pacific to offer lucrative opportunities, North America to grow at moderate pace

Based on region, Asia-Pacific accounted for the highest share on the basis of revenue, contributing to more than two-fifths of the global automotive differential market in 2018, and is expected to continue its highest share during the forecast period. Moreover, this region is projected to register the fastest CAGR of 6.4% from 2019 to 2026. It is a lucrative segment, owing to surge in demand for commercial vehicles and the growth of the automotive industry. However, North America held nearly one-fifth of the total market share in 2018 and is estimated to grow at moderate pace.  

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Leading market players

  • GKN
  • Eaton
  • Dana
  • ZF Friedrichshafen AG
  • Schaeffler Technologies AG & Co. KG
  • BorgWarner Inc.
  • Continental AG
  • JTEKT Corporation
  • American Axle & Manufacturing Inc.
  • Linamar Corporation

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Veoneer Honored by FCA as 2019 Supplier of the Year

STOCKHOLM, Oct. 26, 2020 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), was named FCA Electrical Supplier of the Year during the virtual 2020 North America Annual Supplier Conference and Awards program held on October 23, 2020. The FCA Supplier of the Year awards recognize companies that have shown exceptional commitment to FCA, providing innovative and quality products and services.

«We are honored to be…

STOCKHOLM, Oct. 26, 2020 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), was named FCA Electrical Supplier of the Year during the virtual 2020 North America Annual Supplier Conference and Awards program held on October 23, 2020. The FCA Supplier of the Year awards recognize companies that have shown exceptional commitment to FCA, providing innovative and quality products and services.

«We are honored to be recognized by FCA North America as the 2019 FCA Electrical Supplier of the Year award,» said says Jan Carlson, Veoneer’s Chairman, President and CEO. «We value our partnership with FCA and look forward to our continued collaboration producing some of the most innovative cars on the road while bringing new levels safest and convenience to drivers and occupants across the globe.» 

During the program, FCA recognized 31 supplier partners across a total of 19 categories.

«The transformational changes we made in 2019 built a strong foundation for the wave of product launches coming out of FCA, and today we spotlighted those suppliers who took their work to the next level,» said Martin Horneck, Head of Purchasing and Supply Chain Management, FCA – North America. «These are the `best of the best’ in our industry and they will continue playing a leading role in our collective success.»

Award recipients were determined based on an evaluation of each company’s 2019 supplier scorecard performance – a rating system that evaluates supplier performance in quality, delivery, cost and warranty – and input from FCA senior leadership.

For more information please contact:
Thomas Jönsson, EVP Communications & IR, tel +46 (0)8 527 762 27
Ray Pekar, VP Investor Relations, tel +1 (248) 794-4537

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,400 employees in 12 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/veoneer/r/veoneer-honored-by-fca-as-2019-supplier-of-the-year,c3225567

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Volkswagen Australia Introduces World’s Smallest Car Dealership Letting Australians ‘Try On’ A New Car Without Leaving Home

SYDNEY, Oct. 26, 2020 /PRNewswire/ — Like many other countries, studies show that Australians have increasingly turned to online shopping in 2020.

Volkswagen Australia has experienced these trends first-hand. Having sold over 460 cars online to the value of AUD$36 million since April, Volkswagen Australia today launched the world’s smallest car dealership, an activation that highlights the need for more choice and convenience in the way Aussies shop for cars. The miniature dealership stands…

SYDNEY, Oct. 26, 2020 /PRNewswire/ — Like many other countries, studies show that Australians have increasingly turned to online shopping in 2020.

Volkswagen Australia has experienced these trends first-hand. Having sold over 460 cars online to the value of AUD$36 million since April, Volkswagen Australia today launched the world’s smallest car dealership, an activation that highlights the need for more choice and convenience in the way Aussies shop for cars. The miniature dealership stands 28cm tall but features a new Augmented Reality (AR) experience to bring an online showroom to consumers allowing them to ‘try on’ and then fully customise and buy a new car, without leaving their home.

Hi-res assets:
http://news.medianet.com.au/volkswagen/world-smallest-car-dealership

Australian online online during COVID-19 has accelerated to 15%, up from 9%, and this is set to continue to around 25% by 2025. This increase in demand has seen Aussies not only embrace online shopping for the essentials but now also for higher value items, with Google trends showing that searches for buying cars online have doubled since lockdown and Volkswagen’s website traffic has had a record year in 2020, rising by 18% YOY.

Jason Bradshaw, Chief Customer and Marketing Officer, Volkswagen, says, «Many people wouldn’t think that Australians are prepared to buy a car online, but they are. The launch of Volkswagen’s smallest dealership and AR experience is all about making buying a car online easier and more convenient so Aussies can find, test out and then customise the perfect car for them.»

Research shows that the majority of Australians (60%) want retailers and brands to save them time when shopping, signaling that there is a growing importance for shoppers to be able to try out items digitally before they take the plunge.

AR is playing an increasingly important role in consumer shopping experiences with 1 in 2 (49%) saying they would like to use AR as part of their online purchasing to get a better feel for a product. Volkswagen’s new AR experience aims to tackle just that by helping transform the way people can shop for cars by bringing the immersive, smallest car dealership experience to Australians, wherever they are. It uses the most advanced graphics for realism while letting Aussies choose their car colour and play with what it looks like on their driveway, at the beach or supermarket, before diving inside to look at the interiors, all from the palm of their hands.

Commenting on the latest shopping trends, Anastasia Lloyd-Wallis, Consumer Behaviour Expert, Retail Doctor Group, says, «Australians love to shop online and we’re seeing this trend increase across all ages and demographics. We’re not just seeing consumers shopping for their everyday groceries and low-cost items, but we’ve seen a huge jump in people feeling comfortable to buy higher value items, including cars, online. We expect this trend to continue as more interactive and immersive experiences become available to help people do more pre-research online and feel even more comfortable that they have found the right products for them before purchase.

«In the last six months we’ve seen brands focused on finding innovative ways to stay connected with their customers which has led to a shift forward of about five years in digital innovations. These innovations are elevating online shopping experiences away from being simple transactions to become fully immersive experiences with Volkswagen’s AR experience a great example of this. Additionally, 63% of people state that they would be extremely likely to purchase a car online in the future, and innovations like this will help give people that extra layer of confidence to make those bigger ticket purchases from home.»

Features of the custom-built AR technology also include the ability to test out the lights, open and close the doors, look into and interact with the interiors for both of the new small SUVs – T-Roc and T-Cross, with more cars to follow. The experience also allows consumers to arrange a test drive or buy online – all in one place.

Jason Bradshaw continues: «During COVID-19, we’ve seen our online store also helping support our network of dealerships, particularly those in the state of Victoria, as buying online also enables a safe and contact-free way to buy cars. We’re continually looking for ways to enhance our customers shopping experiences and are excited to be able to give Australians the opportunity to «try on» our latest range of small SUVs in their own time, on their own driveway, to help them feel confident that they have found the right car for them with a brand they know and trust. This is just the first phase of the AR as we’ll continue to add more cars to the experience over time to let even more Australians try on our full range of cars.»

Visit the smallest dealership to check out the AR experience:
http://www.smallestdealership.com

Contact:
Sunil Manadavadi
+61450466311
sunil.manadavadi@thisismango.com.au

About Volkswagen

Volkswagen was born in 1937 of a desire to create a vehicle that could bring German engineering to the masses – the ‘People’s Car’ – and this is a position that it has maintained to this day.

The company hit the open road in Australia in 1953 with the arrival of its very first Beetle. Since then it’s clocked up a lot of Ks and passed many milestones -from the Passat winning Wheels Magazine car of the year way back in 1974, through to selling more than 600,000 vehicles right across the country.

Volkswagen is proud of its history in Australia and is focused on developing new models, services and technologies to help Australians enjoy their driving experience. It’s fair to say we’re far from reaching the end of the road.

In April 2020, Volkswagen launched its online store enabling Australians to build their own car, customised to their needs and preferences, book a test drive and purchase a car online. To date, over 450 cars have been sold online, worth over $36 million.

Volkswagen Group Australia was incorporated in 2001.

GWM’s POER Pickup Features 8AT for Global Launch

This Upcoming Launch Drives GWM Forward on its Internationalization Strategy

BEIJING, Oct. 26, 2020 /PRNewswire/ — GWM (601633.SS/02333.HK), a world-renowned SUV and pickup manufacturer, is entering the international mainstream pickup truck market with the launch of POER pickup in the fourth quarter of this year, also targeting to rebrand its brand image by this intelligent safety pickup. Its intelligent safety features not only stand for GWM’s forward looking to the technology…

This Upcoming Launch Drives GWM Forward on its Internationalization Strategy

BEIJING, Oct. 26, 2020 /PRNewswire/ — GWM (601633.SS/02333.HK), a world-renowned SUV and pickup manufacturer, is entering the international mainstream pickup truck market with the launch of POER pickup in the fourth quarter of this year, also targeting to rebrand its brand image by this intelligent safety pickup. Its intelligent safety features not only stand for GWM’s forward looking to the technology development trend of auto industry and perspective layout of R&D, but also prove its innovative strength of pickup models and new firm step of internationalization strategy.

The First-ever 8AT Boosts Competitiveness and Brand Image

GWM has unveiled the powertrain combination of its overseas POER pickup, which will be equipped with the same one as in China. It is available with a 2.0L petrol engine and a 2.0L diesel engine, as well as a 6MT and 8AT transmission, to meet the diverse needs of wide-ranging customers. The POER is China’s first pickup to boast 8AT, providing smoother gear shifts and faster response speed. Supplied by the world-renowned car parts maker ZF Friedrichshafen AG, the introduction of an automatic transmission is particularly important for international markets. The 8AT model thus not only enhances the competitiveness of GWM but paves the way for entering into more market segments. Moreover, 8AT complements the intelligent safety advantages of the POER, driving GWM forward in its re-branding and reshaping consumer perception of the brand.

GWM’s Technology Platform Powers Global Product Adaptability

POER is built on GWM’s P71 platform, which designs cars with a focus on safety, intelligence, lightweight, space, and scalability. It can design hundreds of vehicle models varying different sizes, power, and transmission, according to needs. Based on global standards for international markets, the P71 platform drives the core competitiveness of the POER pickup.

China’s Leading Pickup Exporter

In September, GWM exported 2,470 pickups, a 60% increase month-on-month and a 47% increase year-on-year. Demonstrating significant resilience, GWM has continued to recover and lead China’s pickup exports. From January to September of this year, GWM exported 11,648 pickups, maintaining its position as China’s largest pickup exporter for 22 consecutive years, with No.1 China pickup exporter to 45 countries around the world. GWM is entering a new era, as the launch of the POER provides a strong new impetus for growth.