Monday 28 January 2019

Major Factors Driving the Growth of Global Automotive Telematics Market


Key Factors Driving the Asia Pacific Automotive Telematics Market
The rise in the production of vehicles, especially passenger vehicles, has boosted the demand for automotive telematics. In 2013, more than 45 million vehicles were produced in the Asia Pacific, of which more than 36 million were passenger cars, the prime application area of automotive telematics.
Internet penetration has increased globally. Growing demand for wireless technologies, such as 3G and 4G, has given a major boost to the Asia Pacific automotive telematics market. The future implementation of 5G services will further enhance the market for Asia Pacific automotive telematics.
Stringent government regulations regarding passenger safety and vehicle safety will propel the demand for automotive telematics in Asia Pacific. Moreover, governments have introduced general mandatory laws regarding the implementation of navigation devices, which is projected to further propel the demand for automotive telematics.
The many advantages of automotive telematics will give the necessary boost to the market. Automotive telematics provide preventive maintenance for vehicles and reduce their chances of wear and tear as well as wear and tear of their components by providing all information related to the vehicle.
FMI delivers key insights on the Global and Asia Pacific Automotive Telematics market in its latest report titled ‘Global Automotive Telematics Market: Industry Analysis and Opportunity Assessment 2014-2020.’ The long-term outlook on the Asia Pacific Automotive Telematics market remains positive with the market value expected to increase at a CAGR of 11.6% during the forecast period (2014-2020). Among vehicle types, the passenger vehicle segment is expected to expand at a significant CAGR in terms of value over the forecast period. The passenger vehicles segment of the Asia Pacific Automotive Telematics market is expected to hold 80% share throughout the forecast period. China is estimated to have accounted for a value share of 45.4% in the Asia Pacific Automotive Telematics market by 2014 end and is projected to be the most prominent region during the forecast period. In this report, FMI throws light on drivers and restraints likely to impact the Automotive Telematics market during this period.
Segmentation Analysis of the Asia Pacific Automotive Telematics Market
The Asia Pacific Automotive Telematics market is segmented on the basis of vehicle type, end use, technology type and channel type.
  • Passenger vehicle is projected to continue to lead the market in terms of volume and value over the forecast period. The passenger vehicle segment of the Asia Pacific Automotive Telematics market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent total incremental opportunity of US$ 6 Bn between 2014 and 2020. The commercial vehicle segment is projected to grow at a relatively higher CAGR as compared to passenger vehicle segment over the forecast period.
  • The OEM segment is projected to be the most prominent channel type in the Asia Pacific Automotive Telematics market. The OEM segment is estimated to grow at a significant CAGR of 13.2%, in terms of value, over the forecast period.
  • The market for Asia Pacific Automotive Telematics is estimated to be dominated by embedded technology, growing at a significant CAGR during the forecast period. However, the market for integrated/smartphone segment is expected to grow at a relatively higher rate of 12.6%, in terms of value, during the forecast period.
Asia Pacific Automotive Telematics Market Participants
The report highlights some of the top companies operating in the Asia Pacific Automotive Telematics market, such as Clarion Co., Ltd., Denso Corporation, Panasonic Corporation, Trimble Inc., and Harman International Industries, Inc.
To know more about Global Automotive Telematics Market@ https://www.futuremarketinsights.com/reports/sample/rep-ap-47
Regional Market Projections of the Asia Pacific Automotive Telematics Market
The Asia Pacific Automotive Telematics market in China is expected to represent significantly high incremental opportunity between 2014 and 2020. The Automotive Telematics market in China is expected to represent a total incremental opportunity of US$ 3.3 Bn between 2014 and 2020.

Wednesday 23 January 2019

Automotive Aftermarket Based on Replacement Parts, Accessories, services and Countries 2014 - 2020


Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. 

The automotive aftermarket is a secondary market, which plays a pivotal role post-sale of a vehicle, as it entails remanufacturing, manufacturing, distribution and installation of automobile components and accessories for vehicles. Components and accessories are installed post sale of a new vehicle by the dealer or service provider and this is termed as automotive aftermarket. Accessories include customized parts for convenience, safety, comfort and performance. These are designed as add-ons after vehicles are assembled by the original manufacturer. Services on the other hand include maintenance and repairs to ensure vehicles continue functioning, and providers offer options with regard to where vehicle owners can avail such offerings. 

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The replacement part segment is expected to expand at a CAGR of 9.7%, accessories at 8.9% and services at 7.3% during the forecast period. Components segment is further sub-segmented into oils & lubricants, tyres, batteries, wear & tear parts, filters, collision body parts, starters & alternators, lighting components, exhaust components and spark plugs. Among these, exhaust components and tires dominate the other segments. Demand for interior accessories is expected to register a CAGR of 8.4%, owing to increasing demand from automobile owners to enhance functionality and appearance of their vehicles, and this trend is expected to further drive overall market growth in the near future. Services is further sub-segmented into general automotive repairs and automotive transmission and other repairs.

Asia Pacific automotive aftermarket is majorly driven by growing vehicle parc, boom in vehicle sales and demand for general automotive repairs. This includes repairs and services related to transmissions, starters & alternators, brakes, lubricants, tyres, filters and batteries among others. Apart from this, increasing safety and security needs and favourable GDP growth in developing economies are major growth drivers for the ASEAN automotive aftermarket. However, despite certain technological challenges acting as growth restraints, the ASEAN automotive aftermarket is expected to experience rapid growth over the forecast period.

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This market forecast covers analysis and market value of each segment and respective sub-segment and potential of the connected automotive aftermarket in specific countries. Asia Pacific is forecast to emerge as the fastest growing market, owing to the large number of vehicles in operation and is expected to witness a steady growth during forecast period 2015–2025. 

Tuesday 22 January 2019

Asia Pacific Flexible Glass Market to Witness 36.5% CAGR from 2014 to 2020


Future Market Insights (FMI) announces the release of its latest report titled, “Asia Pacific Flexible Glass, Market Opportunity; 2014 to 2020 Forecast." According to the report, the Asia Pacific flexible glass market is expected to account for $612.7 Mn by 2020, registering a CAGR of 36.5% during the forecast period. Incorporation of flexibility threshold in displays is expected to contribute to the growth of the Asia Pacific flexible glass market over the forecast period.

In terms of application, Asia Pacific flexible glass market is mainly segmented into display and solar PV (photovoltaic). Currently, display application segment dominates the Asia Pacific flexible glass market. The display segment was valued at US$ 74.2 Mn in 2013, and is expected to reach US$ 417.3 Mn by 2020, exhibiting a CAGR of 33.4% for the forecast period. Moreover, the development of Roll2Roll process is expected to create a demand for flexible glass in solar PV application. As a result, solar PV is projected to be the fastest growing application segment for the forecast period.

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The display application is further sub-segmented as smartphones and tablets, curved TV, building mounted displays and, wearables. Among all the aforementioned sub-segments, smartphones & tablets segment is expected to dominate the market with 50.1% of the total revenue share by 2020. However, curved TV is anticipated to exhibit the highest CAGR of 37.1% during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of curved TV application segment over the forecast period.
Country-wise, the Asia Pacific flexible glass market is segmented into Japan, China, South Korea and others. Japan is the most lucrative market, followed by South Korea and China. Moreover, Japan is expected to contribute 40.0% market share to the Asia Pacific flexible glass market by 2020. The growth of South Korea market is supported by the strong presence of smartphone & TV manufacturers along with growing number of R&D centres in South Korea.

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Assessing the various factors driving this market, FMI lead analyst, Abhishek S. said, “Incorporation of flexibility threshold in displays, development of Roll2Roll process for flexible PV and growing R&D investments in flexible glass by key glass manufacturers are expected to fuel the demand for Asia Pacific flexible glass market.”

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Key players in the Asia Pacific flexible glass market are Asahi Glass Co., Ltd., Corning Inc., Schott AG and Nippon Electric Glass Company Ltd.



Why is the sales of smartphone technology outpacing the sales of other automotive telematics technologies ?



FMI delivers key insights on the Global and Asia Pacific Automotive Telematics market in its latest report titled ‘Automotive Telematics Market: Asia Pacific Industry Analysis and Opportunity Assessment 2014-2020.’ The long-term outlook on the Asia Pacific Automotive Telematics marketremains positive with the market value expected to increase at a CAGR of 11.6% during the forecast period (2014-2020). Among vehicle types, the passenger vehicle segment is expected to expand at a significant CAGR in terms of value over the forecast period. The passenger vehicles segment of the Asia Pacific Automotive Telematics market is expected to hold 80% share throughout the forecast period. China is estimated to have accounted for a value share of 45.4% in the Asia Pacific Automotive Telematics market by 2014 end and is projected to be the most prominent region during the forecast period. In this report, FMI throws light on drivers and restraints likely to impact the Automotive Telematics market during this period.

Key Factors Driving the Asia Pacific Automotive Telematics Market

The rise in the production of vehicles, especially passenger vehicles, has boosted the demand for automotive telematics. In 2013, more than 45 million vehicles were produced in the Asia Pacific, of which more than 36 million were passenger cars, the prime application area of automotive telematics.

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Internet penetration has increased globally. Growing demand for wireless technologies, such as 3G and 4G, has given a major boost to the Asia Pacific automotive telematics market. The future implementation of 5G services will further enhance the market for Asia Pacific automotive telematics.

Stringent government regulations regarding passenger safety and vehicle safety will propel the demand for automotive telematics in Asia Pacific. Moreover, governments have introduced general mandatory laws regarding the implementation of navigation devices, which is projected to further propel the demand for automotive telematics.
The many advantages of automotive telematics will give the necessary boost to the market. Automotive telematics provide preventive maintenance for vehicles and reduce their chances of wear and tear as well as wear and tear of their components by providing all information related to the vehicle.

Segmentation Analysis of the Asia Pacific Automotive Telematics Market

The Asia Pacific Automotive Telematics market is segmented on the basis of vehicle type, end use, technology type and channel type.
  • Passenger vehicle is projected to continue to lead the market in terms of volume and value over the forecast period. The passenger vehicle segment of the Asia Pacific Automotive Telematics market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent total incremental opportunity of US$ 6 Bn between 2014 and 2020. The commercial vehicle segment is projected to grow at a relatively higher CAGR as compared to passenger vehicle segment over the forecast period.
  • The OEM segment is projected to be the most prominent channel type in the Asia Pacific Automotive Telematics market. The OEM segment is estimated to grow at a significant CAGR of 13.2%, in terms of value, over the forecast period.
  • The market for Asia Pacific Automotive Telematics is estimated to be dominated by embedded technology, growing at a significant CAGR during the forecast period. However, the market for integrated/smartphone segment is expected to grow at a relatively higher rate of 12.6%, in terms of value, during the forecast period.
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Regional Market Projections of the Asia Pacific Automotive Telematics Market

The Asia Pacific Automotive Telematics market in China is expected to represent significantly high incremental opportunity between 2014 and 2020. The Automotive Telematics market in China is expected to represent a total incremental opportunity of US$ 3.3 Bn between 2014 and 2020.

Asia Pacific Automotive Telematics Market Participants

The report highlights some of the top companies operating in the Asia Pacific Automotive Telematics market, such as Clarion Co., Ltd., Denso Corporation, Panasonic Corporation, Trimble Inc., and Harman International Industries, Inc.

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Friday 18 January 2019

ASEAN Automotive Aftermarket Worth US$ 19.3 Bn by 2026

In Future Market Insights’ market report titled, “Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment, 2016-2026, poor road infrastructure and extended vehicle life have been identified as profitable factors for the growth of the automotive aftermarket in ASEAN. On account of growing out-of-warranty car parc, the US$ 19.3 Bn ASEAN automotive aftermarket is predicted to surpass US$ 48 Bn in revenues by 2026 end, increasing at a healthy CAGR of 9.6% through 2026.
Key Trends Impacting the ASEAN Automotive Aftermarket
  • Growing popularity of new, lightweight vehicle models
  • Advances in OEM technology and OEM globalisation
  • Adoption of remote vehicle diagnostic systems, growing awareness about self-inflating tyres, and widespread acceptance of electric vehicle technology
  • Online sales of automotive parts and accessories
  • Establishment of franchises in emerging countries, especially those where vehicle parc is steadily gaining traction
Segmentation Highlights: Tyres Will Remain Highest Selling Parts; Indonesia to Remain the Largest Market
By type, tyres will continue to account for the largest revenue share. In the accessories segment, the interior accessories segment – which includes steering wheels, seat covers, seat belts, liners, floor mats, liners, gauges, dash boards, and shift knobs – will reportedly hold a major share of over 66%, crossing a value of US$ 9.0 Bn by 2026 end.
By service, general automotive repair is estimated at over 86% value share during the forecast period, maintaining dominance over automotive transmission repairs. By vehicle type, passenger cars will continue to attract higher revenues compared to commercial vehicles. Indonesia will remain the largest market accounting for 35% revenue share of the market in 2026. Thailand and Malaysia, the other key markets will collectively account for over 50% revenue share of the market.
Fundamental Shift in Consumer Preference and Driver’s Choice Will Impact the Market
With driverless car technology and dashboard pyro techniques steadily gaining traction, consumers are likely to have more aftermarket channels to shop. Consumer behaviour is expected to shift from a conventional way of buying vehicle parts, accessing repair services, and selecting accessories. Moreover, evolving driver preferences also reflect a new set of revenue generation opportunities for automakers, auto part suppliers, repair shops, and accessory retailers. Consumers are increasingly becoming aware of the latest launched products and thus, will access a plethora of aftermarket product offerings to cater to their comfort, aesthetics, and infotainment-related requirements.
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Key Players Focussing on Boosting Expansion Capacity
The key players highlighted in the ASEAN automotive aftermarket include Denso Corporation, Hella KGaA Hueck & Co., Continental AG, Delphi Automotive PLC, ACDelco, Faurecia SA, Magneti Marelli SpA, Robert Bosch GmbH, Aisin Seiki Co., Ltd., and Bridgestone Corporation. Bridgestone, one of the top companies, announced expansion of its international manufacturing capabilities in Germany this year. Post-acquisition of Speedy France, the company also launched a new manufacturing plant based in Indonesia. Continental AG also opened its new production plants in India and China this year.

Tuesday 15 January 2019

Premium Passenger Car Segment to Dominate the Automotive HUD Market



FMI delivers key insights on the global automotive HUD market in its latest report titled ‘Automotive HUD Market: Global Industry Analysis and Opportunity Assessment 2015-2025.’ The long-term outlook on the global automotive HUD market remains positive with the market value expected to increase at a CAGR of 23.2% during the forecast period (2015-2025). Among product types, the combiner segment is expected to expand at a significant CAGR in terms of value over the forecast period. 

The global automotive HUD market for premium passenger cars is estimated to have been valued at US$ 91 Mn at the end of 2015. North America is estimated to have accounted for a value share of 33.2% in the global Automotive HUD market by 2015 end and is anticipated to be replaced by Western Europe as the prominent region during the forecast period. In this report, FMI throws light on drivers and restraints likely to impact Automotuve HUD market during the forecast period.

Growing Awareness and Ability to Enhance Safety and Driver Comfort will drive the Automotive HUD market

Currently, the growth is limited to the premium or luxury vehicles, but rise in consumer awareness regarding safety features associated with automotive HUD is anticipated to drive the growth of the automotive HUD market. Along with this, rise in the incidences of road accidents across the globe have tempted automakers to offer automotive HUD in their vehicles. As automotive HUD provide driving comfort and enhance safety to the occupants, the market for automotive HUD is projected to grow at a significant growth rate.

Rise in the production of vehicles, especially premium and luxury cars, has also boosted the demand for automotive HUD. In 2017, more than 97 million vehicles were produced, of which more than 73 million were passenger cars, which constitute the prime application area of automotive HUD. Rise in the sales of vehicles has also accelerated the growth of fleet on road. In 2015, the global fleet on road was about 1.2 Bn. Apart from the OEM market, the aftermarket is also anticipated to grow at a steady pace as vehicles which were not equipped with HUD systems are opting for automotive HUD systems.

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Segmentation Analysis of Automotive HUD market

The Automotive HUD market is segmented on the basis of product type, passenger car type and sales channel.
  • Premium passenger car type is projected to continue to lead the market in terms of value over the forecast period. The premium passenger car segment of the automotive HUD market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent total incremental opportunity of US$ 620.5 Mn between 2015 and 2025. The SUV segment is projected to grow at a relatively high CAGR as compared to other passenger car types over the forecast period
  • Combiner automotive HUD is projected to be the most prominent product type in the automotive HUD market. The combiner automotive HUD segment is estimated to grow at a significant CAGR of 28.9%, in terms of value, over the forecast period.
  • The market for automotive HUD is estimated to be dominated by OEM during the forecast period. However, the market for aftermarket is expected to grow at a relatively higher rate of 24.5% during the forecast period.
Regional Market Projections of Automotive HUD

The Automotive HUD market in Western Europe is expected to represent significantly high incremental opportunity between 2015 and 2025. The market of Automotive HUD in North America is expected to represent total incremental opportunity worth US$ 413.7 Mn between 2015 and 2025.

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Automotive HUD Market Participants

The report highlights some of the top companies operating in the Automotive HUD market, such as Continental AG, Delphi Automotive, Denso Corporation, Johnson Controls, MicroVision, Inc., Nippon Seiki Co., Ltd., Robert Bosch GmbH, Yazaki Corporation, Visteon Corporation and Harman International Industries Inc.

By what rate will the sale of automotive telematics for Infotainment grow during the forecast period?



FMI delivers key insights on the Global and Asia Pacific Automotive Telematics market in its latest report titled ‘Automotive Telematics Market: Asia Pacific Industry Analysis and Opportunity Assessment 2014-2020.’ The long-term outlook on the Asia Pacific Automotive Telematics marketremains positive with the market value expected to increase at a CAGR of 11.6% during the forecast period (2014-2020). Among vehicle types, the passenger vehicle segment is expected to expand at a significant CAGR in terms of value over the forecast period. The passenger vehicles segment of the Asia Pacific Automotive Telematics market is expected to hold 80% share throughout the forecast period. China is estimated to have accounted for a value share of 45.4% in the Asia Pacific Automotive Telematics market by 2014 end and is projected to be the most prominent region during the forecast period. In this report, FMI throws light on drivers and restraints likely to impact the Automotive Telematics market during this period.

Key Factors Driving the Asia Pacific Automotive Telematics Market

The rise in the production of vehicles, especially passenger vehicles, has boosted the demand for automotive telematics. In 2013, more than 45 million vehicles were produced in the Asia Pacific, of which more than 36 million were passenger cars, the prime application area of automotive telematics.

Request Sample Report@ 

Internet penetration has increased globally. Growing demand for wireless technologies, such as 3G and 4G, has given a major boost to the Asia Pacific automotive telematics market. The future implementation of 5G services will further enhance the market for Asia Pacific automotive telematics.

Stringent government regulations regarding passenger safety and vehicle safety will propel the demand for automotive telematics in Asia Pacific. Moreover, governments have introduced general mandatory laws regarding the implementation of navigation devices, which is projected to further propel the demand for automotive telematics.

The many advantages of automotive telematics will give the necessary boost to the market. Automotive telematics provide preventive maintenance for vehicles and reduce their chances of wear and tear as well as wear and tear of their components by providing all information related to the vehicle.

Segmentation Analysis of the Asia Pacific Automotive Telematics Market

The Asia Pacific Automotive Telematics market is segmented on the basis of vehicle type, end use, technology type and channel type.
  • Passenger vehicle is projected to continue to lead the market in terms of volume and value over the forecast period. The passenger vehicle segment of the Asia Pacific Automotive Telematics market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent total incremental opportunity of US$ 6 Bn between 2014 and 2020. The commercial vehicle segment is projected to grow at a relatively higher CAGR as compared to passenger vehicle segment over the forecast period.
  • The OEM segment is projected to be the most prominent channel type in the Asia Pacific Automotive Telematics market. The OEM segment is estimated to grow at a significant CAGR of 13.2%, in terms of value, over the forecast period.
  • The market for Asia Pacific Automotive Telematics is estimated to be dominated by embedded technology, growing at a significant CAGR during the forecast period. However, the market for integrated/smartphone segment is expected to grow at a relatively higher rate of 12.6%, in terms of value, during the forecast period.
Regional Market Projections of the Asia Pacific Automotive Telematics Market

The Asia Pacific Automotive Telematics market in China is expected to represent significantly high incremental opportunity between 2014 and 2020. The Automotive Telematics market in China is expected to represent a total incremental opportunity of US$ 3.3 Bn between 2014 and 2020.

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Asia Pacific Automotive Telematics Market Participants

The report highlights some of the top companies operating in the Asia Pacific Automotive Telematics market, such as Clarion Co., Ltd., Denso Corporation, Panasonic Corporation, Trimble Inc., and Harman International Industries, Inc.

Monday 7 January 2019

Demand for fuel supply pumps, vacuum pumps to grow swiftly in the automotive pumps market

Future Market Insights (FMI) delivers key insights on the global automotive pumps market in its latest report titled ‘Automotive Pumps Market: Global Industry Analysis and Opportunity Assessment 2015-2025.’ The long-term outlook on the global automotive pumps market remains positive with the market value expected to increase at a CAGR of 3.8% during the forecast period (2015-2025). Among pump types, the vacuum pump segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global automotive pumps market for passenger cars is estimated to be valued at US$ 31.5 Bn by the end of 2015.  APEJ is estimated to account for a value share of 32.8% in the global Automotive Pumps market by 2015 end and is anticipated to retain its dominance throughout the forecast period. In this report, FMI throws light on drivers and restraints likely to impact the market during this period.
Increasing Vehicle Production and Fleet on Road to Drive the Automotive Pumps Market
The production of automobiles grew rapidly in the Asia Pacific region from 42 million in 2012 to 46 million in 2015 due to the liberalization of markets, growth in wealth and size of the middle class and availability of a wide range of vehicles. In recent decades, Asia Pacific has emerged as a major region in terms of automotive production & sales and is expected to witness robust growth in the coming decade as well. The economic and income growth in large emerging markets, such as China and India, has been a primary driver for the global GDP growth and also, for automotive production and sales growth. China has contributed significantly to automotive sector’s growth in the last several years and its passenger car production has increased at a significant rate. Emergence of India as a high-growth economy is expected to make it one of the significant automotive markets in the coming years as well. As a result, the fleet on road is expected to increase significantly, which will ultimately impact the aftermarket. The growth in the vehicle production and fleet on road will ultimately result in the growth of the automotive pumps market.
Segmentation Analysis of the Automotive Pumps Market
The Automotive Pumps market is segmented on the basis of pump type, technology, vehicle type and sales channel.
  • Fuel supply pump is anticipated to continue to dominate the market in terms of value over the forecast period. The fuel supply pump segment of the automotive pumps market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 8.7 Bn between 2015 and 2025. The vacuum pump is projected to grow at a relatively high CAGR as compared to other pump types over the forecast period.
  • Electric automotive pumps is projected to be most prominent technology in the automotive pumps market. The electric automotive pumps segment is estimated to grow at a significant CAGR, in terms of value, over the forecast period. The market for electric automotive pumps is being driven by the benefits it offers over mechanical automotive pumps.
  • The market for automotive pumps is estimated to be dominated by OEM and the segment is expected to grow at a significant CAGR of 5.1% during the forecast period.
Regional Market Projections of Automotive Pumps
The Automotive Pumps market in Asia Pacific Excluding Japan (APEJ) is expected to represent significantly high incremental opportunity between 2015 and 2025. The market of Automotive Pumps in APEJ is expected to represent a total incremental opportunity of US$ 9.5 Bn between 2015 and 2025.
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Automotive Pumps Market Participants
The report highlights some of the top companies operating in the Automotive Pumps market, such as Aisin Seiki Co. Ltd., Concentric AB, Continental AG, Delphi Automotive, Denso Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Johnson Electric, JTEKT Corporation, KSPG AG, Magna International, Magneti Marelli SpA, Robert Bosch GmbH, Pricol Ltd., SHW AG, TI Automotive, and ZF TRW.

Thursday 3 January 2019

Automotive Turbochargers Market Expected to Reach US$ 22,777.0 Mn by 2028

Automotive turbochargers use the exhaust gases to drive a turbine, which leads to more fuel burning as the air compressor pushes extra oxygen or air into the cylinder. Automotive turbochargers help in achieving better fuel efficiency by increasing the pressure of the air coming in the engine. 

Furthermore, the global market for Automotive Turbochargers is expected to witness significant growth in 2018. The market will reach a value of US$ 9,589.9 Mn while growing with a Y-o-Y growth rate of 6.6 % as compared to 2017. Furthermore, the global demand for Automotive Turbochargers will also be influenced by the implementation of stricter fuel economy standards and growing demand for engine downsizing for optimum vehicle performance.

Automotive turbochargers help in increasing the power output of engines by allowing more air per intake to the combustion chamber of powertrains. As compared to naturally charged atmospheric pressure engines, automotive turbochargers are a more efficient and eco-friendly technology as they offer increased engine power without increasing piston displacement. Furthermore, automotive turbochargers producing companies are closely working with their customers through partnership programs focused on fuel economy, engine downsizing and emission control. This will further lead to significant advent of significant benefits, such as enhanced safety, lower prices, greener solutions and more comfortable drives.
Moreover, growing concerns regarding air quality and stringent emission standards for heavy-duty vehicles (trucks, buses, and coaches), light-duty vehicles (cars and vans) and other non-road mobile machinery will augment the growth of the automotive turbochargers during the forecast period. The considerable increase in the application of automotive turbochargers in internal combustion engines and significant installation across diesel and high performance spark-ignition engines is also likely to propel the growth of the Automotive Turbochargers market over the forecast period.

In the recent past, the Automotive Turbochargers market has witnessed significant developments from the competition perspective. Product innovations through the inclusion of advanced manufacturing technology and building strong relationships with car manufacturers are some of the preferred strategies opted by prominent players to sustain their position in the global Automotive Turbochargers market.

Based on actuators, the electric segment is expected to remain dominant in terms of the global Automotive Turbochargers market volume share and will account for 70.6% share by the end of 2028.

Based on product type, the variable geometry technology segment is expected to remain the dominant segment in the global automotive turbochargers market and will account for more than 69.4% of the revenue by 2028 end. On the other hand, twin turbo technology is estimated to witness substantial growth in the global automotive turbochargers market during the forecast period owing to growing energy extraction from four-cylinder profiles.
In 2017, Europe was the most attractive region in the global Automotive Turbochargers market and accounted for nearly 32.4% of the global market share. Further, being at the forefront in terms of Automotive Turbochargers production and consumption, the European region is pegged to control the global Automotive Turbochargers market in the future as well.

Honeywell International Inc. (Garret Advancing Motion), BorgWarner Inc., IHI Corporation, Cummins Inc., Bosch Mahle Turbo Systems GmbH & Co, Eaton Corporation plc, Weifang FuYuan Turbochargers Co., Ltd., Mitsubishi Heavy Industries, are some of the key players involved in the global Automotive Turbochargers market.

Augmented Reality and 3D Display Features Driving the Future of Automotive HUD Market



FMI delivers key insights on the global automotive HUD market in its latest report titled ‘Automotive HUD Market: Global Industry Analysis and Opportunity Assessment 2015-2025.’ The long-term outlook on the global automotive HUD market remains positive with the market value expected to increase at a CAGR of 23.2% during the forecast period (2015-2025). Among product types, the combiner segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global automotive HUD market for premium passenger cars is estimated to have been valued at US$ 91 Mn at the end of 2015. North America is estimated to have accounted for a value share of 33.2% in the global Automotive HUD market by 2015 end and is anticipated to be replaced by Western Europe as the prominent region during the forecast period. In this report, FMI throws light on drivers and restraints likely to impact Automotuve HUD market during the forecast period.

Growing Awareness and Ability to Enhance Safety and Driver Comfort will drive the Automotive HUD market

Currently, the growth is limited to the premium or luxury vehicles, but rise in consumer awareness regarding safety features associated with automotive HUD is anticipated to drive the growth of the automotive HUD market. Along with this, rise in the incidences of road accidents across the globe have tempted automakers to offer automotive HUD in their vehicles. As automotive HUD provide driving comfort and enhance safety to the occupants, the market for automotive HUD is projected to grow at a significant growth rate.

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Rise in the production of vehicles, especially premium and luxury cars, has also boosted the demand for automotive HUD. In 2017, more than 97 million vehicles were produced, of which more than 73 million were passenger cars, which constitute the prime application area of automotive HUD. Rise in the sales of vehicles has also accelerated the growth of fleet on road. In 2015, the global fleet on road was about 1.2 Bn. Apart from the OEM market, the aftermarket is also anticipated to grow at a steady pace as vehicles which were not equipped with HUD systems are opting for automotive HUD systems.

Segmentation Analysis of Automotive HUD market

The Automotive HUD market is segmented on the basis of product type, passenger car type and sales channel.
  • Premium passenger car type is projected to continue to lead the market in terms of value over the forecast period. The premium passenger car segment of the automotive HUD market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent total incremental opportunity of US$ 620.5 Mn between 2015 and 2025. The SUV segment is projected to grow at a relatively high CAGR as compared to other passenger car types over the forecast period
  • Combiner automotive HUD is projected to be the most prominent product type in the automotive HUD market. The combiner automotive HUD segment is estimated to grow at a significant CAGR of 28.9%, in terms of value, over the forecast period.
  • The market for automotive HUD is estimated to be dominated by OEM during the forecast period. However, the market for aftermarket is expected to grow at a relatively higher rate of 24.5% during the forecast period.
Regional Market Projections of Automotive HUD

The Automotive HUD market in Western Europe is expected to represent significantly high incremental opportunity between 2015 and 2025. The market of Automotive HUD in North America is expected to represent total incremental opportunity worth US$ 413.7 Mn between 2015 and 2025.

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Automotive HUD Market Participants

The report highlights some of the top companies operating in the Automotive HUD market, such as Continental AG, Delphi Automotive, Denso Corporation, Johnson Controls, MicroVision, Inc., Nippon Seiki Co., Ltd., Robert Bosch GmbH, Yazaki Corporation, Visteon Corporation and Harman International Industries Inc.

Important Factors Impacting the Growth of the Fire Truck Market by 2027

Rescue fire trucks are estimated to explore a slew of opportunities in terms of innovation and sal...