Automotive&TransportationWorld

The global second-life automotive lithium-ion battery market attained a valuation of $430.0 million in 2019 and is predicted to exhibit a CAGR of 23.1% between 2020 and 2030. As per the forecast of P&S Intelligence, a market research company based in India, the market would generate a revenue of $7,392.0 million by 2030. The rising usage of electric vehicles (EVs) around the world and the highly costly battery recycling process are the main factors driving the advancement of the market. Request to Get the Sample Report: Furthermore, the governments of several countries are increasingly enacting various initiatives and regulations for promoting the usage of electric vehicles. This is also boosting the sales of the second-life automotive lithium-ion batteries around the world. Based on type, the second-life automotive lithium-ion battery market is classified into lithium ferro phosphate (LFP), lithium-ion manganese oxide (LMO), lithium–titanate oxide (LTO), lithium–nickel–manganese–c...

  The  German automotive telematics market  is predicted to attain a revenue of $7,748.0 million by 2030, increasing from $1.408.2 million in 2019, progressing at a 16.5% CAGR during the forecast period (2020–2030), according to the report by P&S Intelligence. The market is registering growth due to the extensive government support, in terms of regulation and policy formulation, for integrating such systems in automobiles, and rising preference for a safer driving alternative. On the basis of product type, the market is divided into integrated, embedded, and tethered. Out of all these, the embedded division held the major share of the market in the past, owing to the regulatory policies in the EU that mandating the use of telematics systems. In addition to this, the division is also growing due to the rising demand for cloud-based services and increasing requirement for optimizing cost of service plans. The integrated division is expected to register the highest CAGR ...

The global anode material market  for automotive lithium-ion (Li-ion) battery  is predicted to generate a revenue of $1,348.6 million by 2030, increasing from $707.2 million in 2019, progressing at a 5.7% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The reducing prices of anode materials and rising sales of electric vehicles are the major driving factors of the market. In terms of type, the market is divided into silicon compound, amorphous carbon, lithium-titanate oxide (LTO), artificial graphite, and natural graphite. Out of these, the artificial graphite division held the major share of the anode material for automotive Li-ion battery market in 2019, and is predicted to retain its dominance during the forecast period as well. This material has a number of advantages over other anode materials, including better recycling performance, improved power output and/or energy density, and lower cost. The LTO division is projected to progress...

As per an article on Bloomberg, the number of electric buses in operation in the U.S. rose from 300 in 2018 to 650 in 2019, and by 2045, this number would increase to more than 35,000!As per the International Energy Agency (IEA), carbon emissions in the country stood at 4,766.4 million tonnes of carbon dioxide equivalent (Mt of CO 2 e) in 2019, the second-highest in the world, after China. Moreover, as per the Environmental Protection Agency (EPA), the transportation sector of the country is the largest carbon emitter, accounting for 28% of all emissions in 2018. This is why the federal, state, and county governments are trying to electrify their public transport with the addition of electric buses. P&S Intelligence considers this to be the most important factor that would drive the  U.S. electric bus charging station market  from $20.9 million in 2018 to $184.5 million by 2025, at a monumental 37.1% CAGR between 2019 and 2025 (forecast period). Just like conventional bu...

The need for increasing safety and security of vehicles, for the sake of both drivers and pedestrians, is increasing day by day all over the globe, including the U.S. As per the Association of Safe International Road Travel, over 38,000 people die in crashes every day on roadways in the U.S. In addition to this, about 4.4 million people are injured enough to need medical intervention. The country suffers from 50% more road crash deaths among all high-income countries, which further increases the cost of dealing with these situations. Because of these factors, the auto manufacturers are increasingly involved in coming up with advanced solutions that can increase the safety of vehicles. Request to Get the Sample Report@   https://www.psmarketresearch.com/market-analysis/us-adas-market/report-sample One such solution is the integration of advanced driver assistance systems (ADAS) in cars. ADAS is utilized for describing the different safety features that are being integrated in vehicl...

As the incidence of road accidents are growing, the need for safer travelling option is rising as well all across the globe, including North America. Governments of countries in the region are focused upon introducing efficient mobility options for increasing the safety quotient on roads. Most of the time, a road accident occurs because of negligence on the part of the driver. If the person driving the vehicle isn’t attentive enough, is drinking and driving, or is using mobile phone or some other object while driving, the situation may become severe. Ascribed to this, the research and development activities in North America are becoming more and more inclined towards developing autonomous cars. Since these cars are self-driving, they can facilitate enhanced driving experience and make roads safer for both the passengers and pedestrians. Governments are also taking initiatives for ensure that the deployment and further development of autonomous vehicles is steady and quick. Moreover, th...

The need for cost-effective mobility solutions is increasing across the globe. Youngsters these days are becoming more and more inclined towards making use of alternative mobility options rather than buying personal vehicles. As people are becoming more aware regarding the negative impacts of fuel-based vehicles on the environment, they are shifting towards more eco-friendly solutions. Ascribed to this, the adoption of peer-to-peer (P2P) carsharing services has increased considerable across the globe. Under this service, car owners are able to rent their personal vehicles to other people in their area. In addition to being a cost-effective and convenient solution for users, P2P carsharing services enable car owner to generate additional revenue, thereby aiding them in recovering the car’s cost of ownership. Users of these services can book vehicles as per their requirement, and need to pay for services on the basis of distance and time taken, in addition initial registration cost. Thes...

What helps a vehicle move smoothly on the road? It is not the engine, the shock absorbers, or the tightly welded/bolted metal frame; it is actually the humble tire! With continuous driving, the tire experiences significant wear and tear, just like any other component of an automobile. Another reason for the high demand for these components is the rising average age of vehicles. With automobiles being used for longer periods than before, the tire replacement rate is also going up. For instance, in the U.S., an automobile was driven for around 10.2 years on an average in 2010, but by 2018, the average age of vehicles had risen to 11.5 years. The key reasons behind this has been the fierce competition in the auto sector, which is impelling vehicle manufacturers to offer better and more-durable automobiles to customers. In addition, several stringent government regulations have also been implemented in this regard in the country. Owing to all these factors, the  U.S. automotive tire ...

 One of the biggest factors responsible for the surge in the demand for electric vehicle components in India is the increasing sales of electric vehicles in the country. According to various reports and surveys, there were sales of 447.7 thousand electric three-wheelers, 2,000 electric passenger cars, and 32.4 thousand electric two-wheelers in India in 2019. The main factors fuelling the ballooning sales of electric vehicles in the country are the presence of favorable government policies and the declining air quality in the country, due to the pollution caused by the fossil-fuel powered vehicles. There has been a massive rise in carbon emissions in India over the last few years, owing to the large-scale usage of the fossil-fuel powered vehicles (nearly 40% of the total emissions are being caused by the transport sector) and this has led to the enactment of strict emission control laws in the country by the government. As per the Under the Faster Adoption and Manufacturing of (Hyb...