Automotive&TransportationWorld

The global  telematics marke t  is expected to grow from an estimated $26,314.4 million in 2015, and reach $140,100.0 million by 2022, growing at a CAGR of 28.5% during 2016 – 2022. The growth of the global telematics market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The use of telematics has been constantly increasing in insurance sector for tracking the driving conditions to calculate precise vehicle insurance premium. North America dominated the global market; however Asia-Pacific is estimated to grow at the highest pace during the forecast period. The high cost of telematics equipment and hacking threats are the key restraints in the global market. The poor internet infrastructure in the developing countries is also hindering the adoption of telematics. The information and data in the public...

Global armored vehicles market worth USD24.8 billion in 2016 As per the research, the global market for armored vehicles is likely to grow from USD24.8 billion in 2016 to USD36.6 billion by 2023. With increasing security concerns in the Asia-Pacific region and rising political disputes across the globe, the demand for armored vehicles is expected to gain traction during the forecast period. The increasing demand for light or medium-sized armored vehicles for combat operations has resulted in the widespread adoption of wheeled-type armored vehicles. This is expected to further propel the demand for armored vehicles during the forecast period. Armored vehicles is projected to reach USD36.6 billion by 2023, growing at a CAGR of 5.8% during the forecast period (2017 – 2023). As per the findings of research, the defense sector emanated the largest demand for armored vehicles. The segment is expected to exhibit similar trends during the forecast period. Active mine system is...

Global adaptive cruise control market worth $15,290.0 million in 2023 As per the research, the global adaptive cruise control market high is likely to grow from $4,767.0 million in 2016 to $15,290.0 million by 2023. The rapidly growing automotive industry especially in emerging economies of India, China, Brazil is generating significant demand for vehicle fitted with adaptive cruise control. Increasing number of road accident and awareness to safety systems is also driving the market. Vehicle safety regulations and initiatives by various associations and trade unions are backing the increasing installations of adaptive cruise control (ACC) systems in vehicles. Governments and associations across the globe have been increasingly formulating multi-dimensional policies toward vehicle and passenger safety, increasing fuel efficiency and improving overall performance of the vehicle. Insights on market segments As per the findings of research, the global adaptive cruise ...

The  U.S. electric bus market  size is projected to reach $1,948.5 million by 2024, registering a CAGR of 18.5% during the forecast period, according to P&S Intelligence. The growth of the market is primarily driven by several federal, regional, and state grants and incentive programs. In addition, low cost of ownership, coupled with low maintenance cost of electric bus, specially battery electric bus (BEB) is expected to benefit the market during the forecast period. Insights on market segments Based on vehicle type, the U.S. electric bus market has been categorized into BEB, plug-in hybrid electric bus (PHEB), and hybrid electric bus (HEB). HEB dominated the market in the historical period. However, the market for BEBs is expected to witness the fastest growth during the forecast period. Falling battery price, coupled with increasing range of these buses, supports their adoption in transit fleet. On the basis of charging type, the U.S. electric bus market is cate...

The  European electric two-wheeler sharing market  is projected to reach $597.2 million by 2025, registering a CAGR of 35.0% during the forecast period according to P&S Intelligence. Technological advancement needed for efficient fleet management and vehicle sharing systems, rising concerns over emissions of greenhouse gas, and greater convenience in using two-wheeler sharing services are the key factors driving the growth of the European market. Insights on market segments Base on vehicle, the European electric two-wheeler sharing market is categorized into scooter/moped and kick scooter. The electric scooter/moped sharing service dominated the European market during the historical period. This service is in operation in Europe since the last five years. Considerable number of players are offering this service in different countries of the region. However, many new kick scooters sharing service providers have entered the European market in the recent years, owing ...

The global automotive fastener market is expected to observe an extensive growth in the coming years, owing to shift in focus toward lightweight vehicles and increase use of electronics such as carputers, ignition systems, in-car entertainment systems, and telematics in automobiles. In addition, high production of automobiles across major economies of the world is further expected to benefit the market, during the forecast period. Also, the development of more superior materials and cutting-edge automotive technologies resulting in more advance automotive fasteners is certainly boosting the market. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-fastener-market/report-sample On the basis of material type, the automotive fastener market has been categorized into stainless steel, plastic, and aluminum. Among these, the market for plastic fasteners is expected to have a significant growth in the coming years, mainly due to the grow...

The global automotive navigation systems market is anticipated to witness considerable growth during the forecast period on account of the rising concerns toward the problem of traffic congestion, increasing customer preference for improved in-dash navigation features such as 3D maps, and increasing production of automobiles equipped with navigation systems. In addition, the rising demand for autonomous vehicles is expected to contribute to the market growth, as navigation constitutes an important feature in autonomous vehicle technology. On the basis of vehicle type, the automotive navigation systems market has been categorized into passenger and commercial vehicles. Between the two, the passenger vehicle category held the larger market share during the historical period, owing to the increased passenger vehicle production witnessed globally in recent years. The total production of passenger cars increased from approximately 72 million units in 2016 to around 73 million units i...

The global automotive air conditioner compressor market is anticipated to observe extensive growth in the coming years mainly due to the swift rise in the production of automobiles across major economies and the increasing installation of advanced comfort features in economy cars. Additionally, rise in disposable income, increase in urbanization, and growing trend of automation in automobiles are expected to boost the market growth in the near future. Automotive air conditioner compressors have witnessed various technological advancements, such as less power consumption and reduced size, in recent years. This has further increased their demand in the automotive industry and supported their market growth, globally. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-air-conditioner-compressor-market/report-sample On the basis of vehicle, the automotive air conditioner compressor market is categorized into passenger cars, light commercia...

The global automotive alloy market observed significant evolution during the historical period. Major factors propelling the development of the market include research and development for improving fuel efficiency, stringent emission norms, and growing governments’ legislations for reduction in complete vehicle weight. In addition, rapid urbanization, increasing vehicle production, growing demand for automobiles, regulations related to fuel efficiency, and improvement in driving dynamics are further boosting the evolution of the market. Automotive alloys are used in manufacturing of powertrain, chassis, and exterior and interior parts of commercial and passenger vehicles to reduce their weight and increase fuel efficiency. The automotive alloy market has been segmented on the basis of type, sales channel, vehicle type, and geography. Based on region, the automotive alloy market has been categorized into North America, Europe, Asia-Pacific (APAC), and rest of the world. APAC is...

Carsharing market  is projected to reach $10,846.9 million by 2025, advancing at a CAGR of 11.0% during the forecast period, according to P&S Intelligence. Favorable government regulations for carsharing services, growing concerns over environmental emissions, increasing demand for more convenient and cost-effective mobility solutions, and advancements in technology are the key factors driving the growth of the market. Moreover, carsharing services are extremely convenient for daily commuters, primarily office-goers and students, as they can enjoy driving to their required destination without having the hassles of owning and maintaining their own cars. Thus, the factor of greater convenience associated with such services continues to boost their demand and impact the carsharing market positively. What are the factors impacting the growth of this market? With countries around the world emphasizing carsharing model over car ownership to minimize traffic congestion and ...

Autonomous Vehicle Market Overview The global autonomous vehicle market has observed considerable technological development in the recent years, due to which the demand for these vehicles are gaining pace. Rising focus on vehicle safety backed by governments’ regulations to incorporate safety features in vehicle will aid the growth of the market. In addition, growing vehicle sharing market, coupled with increasing customers’ requirement for ease in driving is further expected to benefit the growth of the market. Based on advanced driver-assistance system ( ADAS ), the autonomous vehicle market has been classified into adaptive cruise control, automatic emergency braking, automatic parking, and others. Among these, the market for vehicle with automatic emergency braking system is projected to grow at the highest rate during the forecast period, owing to governments’ mandates regarding implementation of automatic emergency braking system. For instance, in the U.S., the National Highw...

The global automotive 3D printing market is expected to observe an extensive growth in the coming years, due to factors such as reduction in lead time in production, low operational cost, design flexibility, proficient use of raw materials, and ease of customization. In addition, continuous technological advancements, growing manufacturers’ focus on product quality, and growing demand for precision machined components are expected to benefit the market. Apart from this, availability of entry-level low-cost 3D printers is anticipated to have a positive impact on the market’s growth. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-3d-printing-market/report-sample On the basis of component, the automotive 3D printing market is categorized into technologies, materials, and services. During the forecast period, the market is anticipated to witness the fastest growth in the category of technologies. The category is further classified i...

The  North American electric scooters and motorcycles market  is likely to reach $675.7 million by 2024, with a CAGR of 28.4%, according to P&S Intelligence. Emergence of electric scooter sharing fleet, government policies and incentives, development in battery technology, and low maintenance cost are the key factors driving the growth of the market. Emergence of electric scooter sharing fleet is responsible for the growth of the North American electric scooters and motorcycles market. Many new sharing service providers have started to deploy electric scooters and kick scooters in their fleet. Further, the    availability of smart charging stations and application of these vehicles in food and beverages delivery services are opening up new opportunity for the growth in the market. Insights into market segments On the basis of battery, the North American electric scooters and motorcycles market is categorized into lead acid- and li-ion-ba...

The  Indian electric rickshaw battery market  is anticipated to reach $722.3 million by 2024, registering a CAGR of 13.4% during the forecast period, according to P&S Intelligence. The market growth is primarily driven by proliferation of electric rickshaws in many cities coupled with increasing average age of these vehicles. Initially, the electric rickshaw market has been majorly operated by unorganized and local players with a collective share of about 80% in 2016, which offered substandard quality electric rickshaws with average life of around 1.8 years. However, after GST rollout, the number of organized original equipment manufacturers (OEMs) grew, offering better-quality products with increased average battery life of around eight months. Thus, the increased battery life of electric rickshaws in the country is sequentially propelling the growth of the market. Insights into the market segments On the basis of vehicle, the Indian electric rickshaw battery mark...