Automotive&TransportationWorld

 The automotive industry has been witnessing a robust growth all across the globe, which can primarily be attributed to the rapid economic growth in developing countries, rising disposable income of people, and emergence of electric vehicles in the market. Because of all these factors, the production capacity of automobile industries has risen significantly. During the time period, 2005–2019, approximately 91.3 million motor vehicles sold worldwide, and the global automotive industry is predicted to generate a revenue of nearly $9 trillion by 2030. Moreover, about 92 million motor vehicles were produced around the world.   Ascribed to these factors, the automotive fuel injection system market is expected to advance at a substantial pace in the coming years. among heavy commercial vehicles, light commercial vehicles (LCV), and passenger cars, the largest demand for fuel injection systems in the past was created for passenger cars. This is due to the growing disposable inco...

  The increasing prevalence of road accidents around the world is an important factor driving the growth of the global  intelligent traffic camera market . The market generated $10,087.8 million revenue in 2019 and is expected to attain a value of $24,465.6 million in 2030, exhibiting a CAGR of 8.5% from 2020 to 2030. According to the World Health Organization (WHO), almost 1.3 million road crashes occur annually all over the world. This road accident rate is much higher in the developing nations such as China, India, and Brazil, on account of the poor conditions of the roads and the high population and road congestion levels. Intelligence traffic cameras help majorly in curbing the incidence of road accidents and preventing deaths caused because of these crashes by capturing videos or images sequences and conducting face recognition and motion analysis of the same. Furthermore, these systems help in monitoring the road traffic levels with the help of vehicle detection and cla...

 The production of automobiles all across the globe is rising rapidly, owing to the increasing consumer base, rising disposable income of people, and strong economic growth in emerging economies. In addition to this, automobile manufacturers are increasingly focusing on reducing the weight of vehicles in order to increase their efficiency. Owing to this, the demand for advanced automotive parts, including bearings, which are less heavy than their conventional counterparts. All parts that move in a vehicle need bearings in order to function. Automotive bearings improve the performance of vehicles, reduce friction, and bear heavy loads. Therefore, owing to the rising production of vehicles is leading to the increasing need for bearings. Automobile manufacturers are making use of advanced bearings particularly in sport utility vehicles and modern cars, as they can considerably decrease the weight of automobiles. These advanced automotive bearings have high stiffness and durability and...

As more and more people are becoming aware regarding the negative impact of petroleum and diesel-based vehicles on the environment, the adoption of electric vehicles (EV) is rising. In addition, governments of different countries are playing a significant role when it comes to encouraging the adoption of electric vehicles by offering tax rebates, subsidies and grants, and other such financial benefits to people who purchase electric vehicles. In 2019, 3,269,671 units of electric vehicles were sold, and the number is predicted to reach up to 26,951,318 units by 2030. The market for electric vehicles is expected to grow at a 21.1% CAGR during 2019–2030.  The  hybrid and electric vehicle battery market  is predicted to grow a significant pace in the years to come. The two major types of batteries which are used in EVs are nickel-metal hydride (NiMH) and lithium-ion (Li-ion). The larger demand in the coming years is predicted to be created for Li-ion batteries, which is major...

Due to increased run-time and improved remunerative prospects for shared e-mobility drivers, the demand for electric vehicle (EV) battery swapping is rising in India. The market is likely to be dominated by electric three-wheelers as these vehicles are majorly used for passenger carrier and run on an average more than 100 km a day. Since with each full charge these vehicles run less than 100 km, these are required to be charged twice or thrice a day. Battery swapping technology offers best alternative to slow charging and helps the drivers to make optimum use of the operational hours. However, commercial vehicle category is projected to grow at the fastest rate during the forecast period in the Indian EV battery swapping market. Based on service type, the pay-per-use category is expected to hold the larger share in the  Indian EV battery swapping market in 2020 ,  and is further projected to remain the dominant category during the forecast period. This can be buoyed by th...

The global used car market attained 115.2 million units in 2019 and is predicted to reach 275.3 million units by 2030, exhibiting a CAGR of 8.7% during 2020­­–2030 (forecast period). The increasing number of organized sector players such as CarGurus Inc.,CarMax Inc., and Cars24 Services Pvt. Ltd. isone of the biggest factors fueling the advancement of the market. The organized sector companies not only offer certified used cars at competitive prices but they also provide service guarantees and warranties on their vehicles.                                     Based on sector, the  used car market  is divided into unorganized and organized categories. Between the two, the organized division is predicted to exhibit faster growth in the coming years. This is credited to the higher preference of customers for ...

 There is no doubt about the fact that vehicles, in fact, the whole transportation system, has made lives of human beings comfortable and easy. While owing a car these days is not a big deal as it used to be a few years ago, some people still cannot afford to buy cars or do not want to go through the hassle of buying a car. Buying a new car doe not just include a simple payment for the automobile, but one needs to think about insurance and other maintenance cost that need to be taken care of later. The prevalence of cab services, such as Ola and Uber, has considerably made traveling easier for people who do not own a car, but if someone needs to go even further when it comes to travelling with comfort, they can also choose the option of car subscription services. The concept of car subscription is easy enough to understand, the person just needs to pay a fixed amount of sum on a monthly basis, or whatever the subscription model entails, and the service provides access to a car...

The mushrooming requirement of higher efficiency in logistics all over the world and the rapid growth of the e-commerce industry are the major factors propelling the advancement of the global internet of things (IoT) in logistics market. Due to these factors, the market is expected to reach a valuation of $100,984.5 million by 2030, progressing at a CAGR of 13.2% between 2020 and 2030. However, the COVID-19 pandemic has caused severe disruptions in the logistics sector across the world. This is ascribed to the fact that many countries around the world imposed complete lockdowns, including closing off all industrial operations in March 2020 in order to reduce the spread of the infection and enforce isolation and social distancing norms. As a result, there was a huge rise in labor shortage, inconsistent delivery of shipments, and major disruptions in the global supply chain, which, in turn, affected the progress of the IoT in logistics market all over the globe. Request to Get the Sample...

 Ever since vehicles have been developed, the concern regarding safety on roads has only increased. Manufacturers have made numerous efforts to integrate new technologies in vehicles so, that in case of an emergency, the damage can be minimized. At the most basic level, when one thinks about the safety features in cars, seatbelts and airbags come to mind. However, the technological advancements have moved far ahead, because of which technologies such as advanced driver assistance systems (ADAS) have been developed. ADAS is a vehicle-based intelligent system which can enhance road safety in terms of crash severity mitigation, protection and post-crash phases, and crash avoidance. A major component of ADAS are automotive camera sensors, which can be utilized for object detection, recognize texture, build a 3D map of the area surrounding the car, and detect signs. These sensors are basically utilized for assisting the driver in parking, manoeuvring, and assessing the vehicle performan...

 There is no doubt about the fact that vehicles, in fact, the whole transportation system, has made lives of human beings comfortable and easy. While owing a car these days is not a big deal as it used to be a few years ago, some people still cannot afford to buy cars or do not want to go through the hassle of buying a car. Buying a new car doe not just include a simple payment for the automobile, but one needs to think about insurance and other maintenance cost that need to be taken care of later. The prevalence of cab services, such as Ola and Uber, has considerably made traveling easier for people who do not own a car, but if someone needs to go even further when it comes to travelling with comfort, they can also choose the option of car subscription services. The concept of car subscription is easy enough to understand, the person just needs to pay a fixed amount of sum on a monthly basis, or whatever the subscription model entails, and the service provides access to a car. Car...

 Technological advancements and changing consumer preferences are driving the automotive fuel transfer pumps market across the world. In 2015, the market valued $49,052.6 million, and it is projected to advance at a 4.7% CAGR during the forecast period (2016–2022). Fuel transfer pumps were initially installed in vehicles to supply the fuel to the engine from the fuel tank. But with rising pollution, these are also being used to increase the fuel efficiency and performance. Several types of pumps are available in the market, including fuel supply, fuel injection, transmission oil, engine oil, and vacuum pumps. Among all, fuel supply pumps registered the highest sales and revenue in the automotive fuel transfer pumps market in 2015. Fuel supply pumps transfer the fuel from the storage tank to the engine, without which vehicles cannot move. Therefore, owing to their importance in vehicles, these dominated the market and will continue to do so during the forecast period. However, vacu...

  Valued at $1,152.7 million in 2019, the global automotive cybersecurity market is predicted to attain a valuation of $7,280.2 million by 2030, advancing at a CAGR of 18.5% between 2020 and 2030. The main factors fuelling the growth of the market are the incorporation of artificial intelligence (AI) in level 4 and level 5 autonomous cars, integration of advanced safety features in automobiles, and the implementation of mandatory government regulations for the incorporation of safety features in vehicles in several countries around the world. Based on vehicle type, the  automotive cybersecurity market  is categorized into commercial vehicles and passenger cars. Of these, the commercial vehicles bifurcation is predicted to register faster growth in the market in the coming years. This is because of the increasing incorporation of cloud-based solutions by vehicle fleet owners across the world. In addition to this, the governments of many countries are enacting strict regula...

 The decreasing costs and improving operational efficiency of Lithium-ion batteries are some of the biggest factors causing the increasing adoption of commercial electric vehicles across the world. As per the industry experts, the average cost of lithium-ion battery packs for bulk orders decreased from approximately $642/kWh in 2012 to almost $209/kWh in 2017. As batteries account for nearly 40% of the total manufacturing cost of a commercial electric vehicle, their declining prices will significantly boost the manufacturing and sales of the commercial electric vehicles . The other major factor responsible for the ballooning sales of commercial electric vehicles is the lower operational costs of these vehicles as compared to the conventionally used fossil fuels-powered vehicles. In addition to this, their numerous environmental benefits are increasing their popularity in several countries, especially the developing nations which are dealing with soaring pollution levels and environ...

According to the market research report published by P&S Intelligence, the Indian two-wheeler sharing market share was valued at $31.1 million in 2019 , which is projected to reach $94.0 million by 2025 , witnessing a CAGR of 20.2% during the forecast period (2020–2025). In the vehicle type, the motorcycle/scooter category dominated the market during the historical period. During the forecast period, the market for motorcycle/scooter sharing service is expected to witness faster growth. This is ascribed to the fact that there are many players providing motorcycle/scooter sharing, rental and bike taxi services, and their lucrative two-wheeler sharing services are making the Indian people to shift toward using shared motorcycles and scooters from using other modes of transport. The Indian two-wheeler sharing market is presently filled with various startup companies. To expand their operational areas and to increase their fleet size, they require large amount of funds. For this reas...

 The global  EV battery swapping market  share is currently at its nascent phase, but is projected to grow at a significant rate during the forecast period (2020-2030). The time required for charging an EV is a constraint as it takes a lot of time. Furthermore, it requires several charging points in order to intercept range anxiety. Suitable space, for accommodating these charging stations required, is challenging. Moreover, the availability of DC fast chargers and challenges associated with the installation is the major concern for the EV stakeholders, which is further benefitting the electric vehicle (EV) battery swapping market. Here, swapping technology plays a vital role by eliminating such issues. Swapping technology drastically decreases the waiting time through its under 3-minute interchange of batteries versus 1.5-2 hours minimum for charging solution. In September 2019, electric scooter manufacturer Gogoro Inc. launched its battery-swapping business uni...

  Owing to the burgeoning sales of automobiles, on account of the swift urbanization, soaring urban population levels, and rising income of the people, the demand for automotive human–machine interfaces (HMI) will exhibit huge growth in India in the coming years. Since the last few decades, there has been a massive increase in the urban population in the country, especially in the tier 1 and tier 2 cities. As per the census data, the urban population of the nation increased from 28.5% to 31.2% from 2001 to 2011. Powered by the above-mentioned factors, the Indian automotive HMI market attained a value of $466.9 million in 2017, and it is further expected to generate revenue of around $1,000.0 million by 2023, demonstrating a CAGR of 14.1% during the forecast period (2018–2023). Automotive HMI systems act as a bridge between the users and the vehicle, through multiple types of media, namely visual, mechanical, and acoustic. Amongst these, visual HMI systems recorded the highest usag...

T he North America electric scooters and motorcycles market attained a size of $154.8 million in 2018, and it is predicted to progress at a CAGR of 28.4% during the forecast period (2019–2024). The factors driving the growth of the market are government incentives and federal tax credits, low maintenance cost of such vehicles, and emergence of sharing services. Further, the amount of investments being made in e-two-wheeler manufacturing companies is increasing at a significant rate. Electric scooters and motorcycles are scooters and motorcycles that use rechargeable battery for moving. On the basis of type, the electric bike market in North America is divided into scooter, kick scooter, and motorcycle. Out of these, in 2018, in terms of volume, the kick scooter category dominated the market. This is ascribed to the growing usage of electric kick scooters for sharing services, as these are eco-friendly, economical, and easy to ride. Furthermore, e-kick scooters, as compared to others, ...

The cost of the various components that go into manufacturing an electrically powered automobile is continuously reducing, as a result of economies of scale. For instance, the battery price is expected to fall by more than 30% between 2018 and 2025, thus making electric vehicles (EVs) more affordable. During the same period, a 24%, 23%, 60%, 9% 6.5%, 8.6%, 8.5%, and 21% drop is predicted in the prices of motors, controllers, electric vehicle supply equipment (EVSE), thermal management systems, power distribution modules (PDMs), vehicle interface control modules (VCIMs), high-voltage cables, and DC–DC converters, respectively. As a result, the  Indian electric vehiclecomponent marke t , which reached $536.1 million in 2019, would advance at a CAGR of 22.1% between 2020 and 2030 (forecast period). Passenger Car Category To Witness Fastest Growth during 2020–2030 The fastest growth in the Indian electric vehicle component market is predicted to be experienced by the passenger ca...

Despite the continuous drop in the prices of automobiles and the emergence of low-cost vehicles, a large number of people are not inclined towards buying a private vehicles. This can be because, owning a vehicles isn’t just a one-time investment, but expenses such as parking cost, fuel cost, insurance premium, and maintenance charges also need to be taken care of during the vehicle’s life span. Attributed to these reasons, people across the globe are increasingly making use of mobility as a service (MaaS) solutions, since they are convenient and pocket-friendly mobility options. The customer only needs to pay according to the usage of the vehicle and do not need to worry about any additional expenses, which are taken care of by mobility services providers. Therefore, the customer gets to enjoy the benefits of vehicles without having to actually own it. Furthermore, because of surging environmental concerns, for which the automobile industry is highly responsible, the younger populati...

These days, home delivery of almost every product and even some services is possible. While the trend of delivering things at one’s doorstep has been around since a long time, in today’s world, people are also demanding faster delivery services. With the emergence of platforms including Amazon, Flipkart, and several other applications for delivering a variety of products, such as food items, clothes, books, groceries, furniture, and home décor, people are able to choose whatever products they like and get the desired item, at most, within a week. In order to provide better customer service, online shopping platforms have started offering one-day delivery, where the product reaches buyers within a span of 24 hours. One-day delivery and/or same-day delivery can realistically be offered to local customers, with people living in urban areas being the major beneficiaries of such services. In the retail industry, the term, on-demand logistics, is used for referring to the ability of provid...