Automotive&TransportationWorld

In the transport sector, efforts are being stepped up to encourage and impel people to adopt clean mobility. This is the primary reason for the growth of the electric scooter and motorcycle market , which is projected to reach $13,864.0 million by 2025, at a 7.3% CAGR during 2018–2025 (forecast period). Being propelled only by an electric motor and battery, instead of an internal combustion engine, burning gasoline or diesel, such two-wheelers release no harmful gases into the environment, which is why governments around the world are pushing for their usage. Between motorcycles and scooters, the latter account for higher uptake, as they are more cost-effective than the former, and a wide range of scooter models are available around the world. In addition, electric mopeds and scooters are vastly popular among women in Asia-Pacific (APAC), who are increasingly using them for daily chores, such as grocery shopping and dropping and picking up children from schools, and also for commuting ...

The increasing lifespan of automobiles is one of the major factors fuelling the demand for automotive tires throughout the world. The average life span of the vehicles across the world increased from 10.5 years to 12 years during 2010—2018, mainly on account of the increasing enactment of various regulations and policies by the governments of many countries and rising competition amongst the automobile manufacturing companies all over the world. The surging average life spans of vehicles have massively increased the mileage of the vehicles, which has in turn, amplified the incidence of wear and tear on the tires. The flourishing automotive industry, especially in the Asia-Pacific (APAC) region is another important factor responsible for the soaring sales of automotive tires throughout the world. Driven by these factors, the revenue generated from the worldwide sales of automotive tires is expected to rise from 155.3 billion to 237.2 billion from 2018 to 2024. The global automotive ti...

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. A ccording 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 classific...

According to the market research report published by P&S Intelligence, 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. 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. Request to get the sample pages of the report:   https://www.psmarketresearch.com/market-analysis/us-electric-bus-market/report-sample BEBs are currently available in two generalized models: a short-range bus with a smaller on-board battery that requires more frequent, on-route charging; and an extended range bus with a larger on-board battery that is designed to charge more slowly overnight (depot charge BEB). While many of the early buses deployed were on-route charge buses, th...

 The global acoustic vehicle alerting system market is predicted to advance at 11.9% CAGR from 2020 to 2030 and reach a valuation of $10,578.8 million by 2030. This would be because of the rising incorporation of acoustic vehicle alerting systems (AVAS) in electric vehicles including both passenger cars and two-wheelers. According to the findings of P&S Intelligence, a market research company based in India, as many as 24.7 million units of such systems were installed in electric vehicles in 2019. The increasing pollution levels in several countries, rising consumer preference for electric vehicles over the fossil fuel-powered automobiles, surging implementation of strict emission norms and regulations, and the provision of subsidies, grants, and tax rebates by the governments of various countries on electric vehicles are the main factors propelling the  acoustic vehicle alerting system market growth across the globe. Additionally, the incorporation of AVAS is incr...

The automotive industry has been registering considerable growth, which can primarily be attributed to technological advancements. Owing to this, the adoption of semi-autonomous vehicles has increases significantly as well. Since these vehicles employ automatic features, their safety and security is of the utmost priority. Governments of several countries have now mandated the integration of enhanced security features in vehicles in order to improve the safety on roads and provide the driver with better experience. From $11.5 billion in 2019, the advanced driver assistance system (ADAS) sensor market is predicted to grow to $40.8 billion in 2030, at an 11.7% CAGR between 2020 and 2030 (forecast period). Amon all sensor types, radar sensors dominated the market during 2014–2019, in value terms. During the forecast period, the light detection and ranging (LiDAR) category would observe the fastest progress, on account of the increasing sale of fully autonomous vehicles. Request to Get the...

 The automotive air suspension system market revenue is being driven by the growing disposable income, demand for luxury buses, population, and rate of urbanization. The market valued $4,963.6 million in 2015, and it is projected to progress at a 7.6% CAGR during 2016–2022 (forecast period). Air suspension systems comprise various individual components, which are integrated in vehicles to provide a smooth journey by reducing the effects of jerks as vehicles go over potholes or rough terrain. In terms of vehicle type, the market is divided into buses, light commercial vehicles, and passenger cars. Throughout the historical period, buses were the largest division in the automotive air suspension system market in value and volume terms and are predicted to retain their position during the forecast period. This is attributed to the rising pollution levels, which are impelling people to switch to public transit, which most commonly consists of buses. Request to Get the Sample Report@...

The German fully autonomous vehicles market is predicted to exhibit a CAGR of 20.2% between 2020 and 2030 andattain a valuation of $28.0 billion by 2030, as per the estimates of P&S Intelligence, a market research firm. The  German autonomous vehicles market size  is being driven by the increasing implementation of various government initiatives that encourage the deployment of autonomous vehicles in the country and the rising requirement for a more efficient and safer driving option all over the country. The German government was the first one in the entire world to authorize fully and semi-autonomous driving systems. The government announced its plans to build autonomous driving facilities and infrastructure in the country in December 2016. This was followed by an amendment to the Road Traffic Act in June 2017, which allowed drivers to give away driving controls to autonomous vehicles. As a result, there are many semi-autonomous automobiles (level 1—3) running on German ...

In 2019, the Indian electric rickshaw battery market reached a value of $385.0 million and is expected to reach $722.3 million in 2024, advancing at a 13.2% CAGR during the forecast period (2020–2024). Furthermore, 4,290.9 thousand units of electric rickshaw batteries were sold in 2019 in the country. In terms of vehicle, the load carrier division is projected to grow at a faster pace during the forecast period because of the growth of the e-commerce and low total cost of ownership of load carriers. The passenger carrier division held the larger share of Indian electric rickshaw battery market during the historical period (2014–2019), due to the greater usage of these vehicles among commuters. This mode of transportation is preferred by commuters because of its lower travel cost. In addition to this, the rising demand for public transport for last-mile connectivity and large passenger base in the country are also contributing to the division’s growth. On the basis of battery capac...

The global low-speed electric vehicle (LSEV) market generated $35.2 billion in 2017 and is expected to be valued at $68 billion by 2025, advancing at a CAGR of 8.2% during the forecast period (2018–2025), according to P&S Intelligence. Initiatives and subsidies offered by the government, growing environmental awareness, and decreasing electric vehicle battery costs are some of the reasons for the growth of the market, as such vehicles do not use fuel, hence, produce almost no carbon emissions. On the global ground, Asia-Pacific (APAC) dominated the low-speed electric vehicle market in 2017 with a contribution of more than 65.0% in revenue as well as sales volume. Here, China is leading the market in terms of the LSEV sales as well as revenue. The support from the national government and early introduction of LSEVs were the primary reasons behind China leading the market, both on the global and regional grounds. Further, large population and technological advancements also helped in...

 According to the market research report published by P&S Intelligence, the global  automotive telematics market size  valued at $27.7 billion in 2019, which is projected to reach $149.9 billion by 2030, with a CAGR of 16.6% during 2020–2030. The passenger car category dominated the market throughout the historical period, owing to the growing adoption and integration of telematics systems by passenger car manufacturers, globally. Connected cars offer advantages to users, such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) interfaces. Further, integration of telematics solutions into connected cars is highly crucial, as these cars are equipped with V2V and V2I connectivity, which are two of the primary components of telematics solutions. Moreover, features, such as smartphone connectivity within the vehicle, roadside assistance, traffic and collision warnings, automobile diagnostics, and real-time traffic monitoring, offered by connected cars, are fur...

  From $11.5 billion in 2019, the advanced driver assistance system (ADAS) sensor market is predicted to grow to $40.8 billion in 2030, at an 11.7% CAGR between 2020 and 2030 (forecast period). Amon all sensor types, radar sensors dominated the market during 2014–2019, in value terms. During the forecast period, the light detection and ranging (LiDAR) category would observe the fastest progress, on account of the increasing sale of fully autonomous vehicles. A key trend in the   Automotive ADAS sensor market   is the increasing research and development (R&D) activities in the automotive sector, which have made possible the production of better autonomous vehicles. For instance, the U.S. government sanctioned $100 million for autonomous vehicle R&D, in 2018, and supplemented it with another funding, of $60 million, the next year, for a project to test the feasibility and safety of such automobiles. The most prominent growth driver for the ADAS sensor market is the ...

Due to the surging number of road accidents, manufacturers in the automotive industry are focusing extensively on making vehicles safer and more secure. Attributed to this, vehicles are now being integrated with advanced driver-assistance systems (ADAS). These systems provide the driver with an enhanced driving experience and can significantly help in avoiding an accident. This is further leading to the rising demand for automotive radars, which are utilized for detecting the range and speed of objects near the car. The automotive radar market is projected to grow considerably in the coming years, owing to increasing number of vehicles. According to a P&S Intelligence report, the global automotive radar market generated a revenue of $5,839.0 million in 2019, and it is projected to progress at an 8.4% CAGR during the forecast period (2020–2030). Automotive radars are integrated in fully autonomous and semi-autonomous vehicles, between which, the largest demand for automotive radar...

Due to the soaring geriatric population and the rising prevalence of chronic diseases, the demand for ambulance services is surging all over the world. While the people living in the major cities have access to proper healthcare and medical facilities, the inhabitants of tier 2 and tier 3 cities, rural areas, and hilly regions often find themselves in great difficulty, especially in emergency situations, because of the lack of access to hospitals and other healthcare facilities. Across the globe, the Asia-Pacific (APAC) air ambulance services market  will be very prosperous in the forthcoming years, as per the market research firm, P&S Intelligence. This would be a result of the existence of numerous helicopter ambulance service providers and the growing prevalence of life-threatening diseases in people that require immediate medical treatment, in the region. The increasing deployment of ambulance aircrafts and helicopters in the regional countries will also cause the boom of...

The global  forklift market  generated a revenue of $33,878.7 million in 2019 and is predicted to attain a value of $42,519.4 million in 2030, advancing at a CAGR of 2.8% between 2020 and 2030. The major factors driving the advancement of the market are the development of autonomous and electric forklifts and the rapidly growing e-commerce industry across the globe. The adoption of advanced technologies such as robotics, analytics, and internet of things (IoT) by logistics organizations has significantly mitigated the problems associated with the timely and cost-efficient delivery of products. Furthermore, these firms are making huge investments in various automation technologies such as autonomous forklifts for gaining a foothold in the global forklift market. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/forklift-market/report-sample In terms of class, the forklift market is classified into multiple categories namely class ...

  Vehicles have certainly made the lives of human being easier, however, the technology has certain drawbacks as well, one of which is the increasing number of road accidents. The major cause of road accidents is human error, since drivers often fail to pay attention properly, drive vehicles at inappropriate speed, and fail to keep safe distance from vehicles moving in front. It is ascribed to such factors that the need for enhancing safety on roads and requirement for safer and more efficient driving option has been surging rapidly across the globe. Request to Get the Sample Report:   https://www.psmarketresearch.com/market-analysis/autonomous-commercial-vehicle-market/report-sample According to a report by P&S Intelligence, the global autonomous commercial vehicle market size is expected to progress at an 8.2% CAGR during the forecast period (2020–2030). In terms of vehicle autonomy, the market is bifurcated into semi-autonomous and fully-autonomous. Between wh...

  The increasing customer demand for a safer and enhanced driving experience and the introduction of advanced technologies such as the internet of things (IoT) in the automotive domain are the major factors driving the advancement of the global connected car market. The market is predicted to reach a valuation of $198,459.7 million by 2025, demonstrating a CAGR of 24.1% from 2020 to 2025. Driver assistance, vehicle safety, fleet management, mobility management, and entertainment are the main categories under the service  segmentation of the connected car market . Out of these, the mobility management division is predicted to register the fastest market growth in the coming years. This is because of the rising incorporation of shared mobility solutions and services such as ride-sharing, ride-hailing, two-wheeler sharing, and carsharing across the world. The vehicles used for shared mobility purposes must have higher operational efficiency, enhanced road safety and vehicle track...

 Owing to the numerous advantages offered by titanium-based blisks, such as low weight and high strength, they are witnessing a rising demand from the aerospace sector. These components offer as much as a 50% reduction in weight, as compared to nickel- and steel-based super alloys. Moreover, titanium has a much higher strength-to-weight ratio compared to aluminum and steel, with a density of 4.5 g/cm3. The increasing demand for higher fuel efficiency is pushing the need for a high bypass ratio, which is, in turn, fuelling the adoption of low-weight blisks. Driven by the above-mentioned factors, the revenue generated from the sales of aerospace titanium blisks increased from $3,988.3 million to $4,945.4 million, from 2017 to 2023. The global aerospace titanium blisk market is predicted to progress at a CAGR of 3.7% during the forecast period (2018–2023). Titanium blisks are used in commercial, general aviation, military and various other aerospace applications, such as in model and...