Automotive&TransportationWorld

Owing to the rapid development of charging infrastructure for electric vehicles (EVs) and advancements in the lithium-ion (Li-ion) battery technology, the electric vehicle battery market is projected to witness significant growth in the near future. This growth will be, most importantly, a result of the large-scale adoption of hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs). The high incentives being offered on the adoption of EVs, along with the implementation of stringent emission norms, will lead to the increasing use of HEVs and BEVs. A report by the International Energy Agency (IEA) states that government policies will continue to support the growth of the EV industry. As of July 2020, plans to achieve the 100% deployment of zero-emission vehicles and the phase-out of internal-combustion-engine (ICE) vehicles by 2050 have been announced by 17 countries. Additionally, the government subsidies offered by China, Italy, and Germany have been increasing the demand ...

The constant growth of the agriculture sector, high farm mechanization rate, and burgeoning on struction activities due to the rapid urbanization will drive the Indian tractor market during the forecast period (2020–2030). Moreover, the rising investments by the major tractor manufacturers in the country will facilitate the market growth. Nearly 70% of Indians are dependent on the agriculture sector for their livelihood. The production of food crops, fruits, and vegetables requires tractors for sowing and harvesting. Owing to the vast size of the farming sector, tractors will always be significant for India. Currently, the Indian tractor market is observing the trend of small tractors for agricultural practices. Small tractors are being utilized in large numbers for activities like mowing grass, hauling, and cleaning up the piles. This helps in enhancing the efficiency of agricultural activities, as a particular tractor is designed to perform a particular task. Moreover, these tractor...

One of the biggest factors propelling the demand for advanced driver assistance systems (ADAS) in India is the rising incidence of road accidents in the country. Since the last few years, there has been a massive surge in the prevalence of road accidents and fatalities in the country, which have consequently boosted the need for the installation of ADAS in vehicles in order to improve vehicular safety. The Government of India (GOI) intends to make the integration of ADAS in passenger vehicles mandatory by 2022, in order to reduce the incidence of road accidents in the country. The other important factors responsible for the surge in the demand for ADAS in India are the soaring disposable income of people and the increasing demand for vehicles equipped with automated artificial intelligence (AI)-driven systems. Nowadays, people are preferring vehicles equipped with various types of advanced systems, mainly on account of their higher purchasing capability and the rapid technological adva...

The growing pollution levels in many countries are the primary factors fueling the popularity of electric vehicles. Moreover, the rising requirement for electric two- and three-wheelers in ride hailing and sharing services and the growing deployment of electric three-wheelers for goods and passenger transportation are pushing up the sales of electric two- and electric three-wheelers across the world. The lack of proper charging facilities and the frequent charging requirements of these vehicles pose big problems for vehicle owners. Apart from the above-mentioned factors, the high costs of electric vehicles, mainly because of the high prices of their batteries, which constitute nearly 30–50% of the total vehicle cost, are also discouraging transport agencies and individuals from buying these vehicles. At present, the prices of lithium-ion batteries are around $250/kWh and as per experts, these prices would fall to $100/kWh in the future, which would still be considerably higher than wha...

A cathode combination of one-third nickel, one-third manganese, and one-third cobalt, also known as 1–1–1, is used in a nickel-manganese-cobalt (NMC) battery due to its high energy density. Apart from NMC batteries, nickel-cobalt-aluminum (NCA) batteries are being preferred by original equipment manufacturers (OEMs) in the automobile sector because of their 1:1:1 proportion of elements, which results in a lower material cost. This is an outcome of the rapid electrification of automobiles and battery technology development, which have significantly elevated the usage of automotive lithium-ion (Li-ion) batteries. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/cathode-material-automotive-lithium-ion-battery-market/report-sample This will, in turn, increase the size of the cathode material for automotive lithium-ion battery market from $1,744.9 million in 2019 to $3,777.8 million by 2030, at a CAGR of 6.9% during 2020–2030. Currently, one of the key...

Numerous incidences of drone detection and close encounters with commercial aircraft are being observed in the Asia-Pacific (APAC) region. Cases of near misses between manned and unmanned aircraft have become frequent in the thronged airspace, resulting in various catastrophic accidents. To avoid such accidents, government agencies are making plans to safe guard airports. For example, the Bureau of Civil Aviation Security (BCAS), India, formulated a counter-drone plan to protect airports from threats posed by unmanned armed vehicles (UAVs), by using soft-skill method to entrap or jam drones instead of destroying them. Additionally, rising number of illegal and terrorist activities and increasing incidence of security contravention by unsanctioned UAVs will also fuel the APAC anti-drone market at a CAGR of 47.8% during 2018–2025. According to P&S Intelligence, the market is expected to reach $2,105 million by 2025. For example, in October 2018, a Chinese tourist took his drone insid...

A number of growth factors, such as the proliferation of electric two-wheelers in sharing services, rise in the traffic concerns in the region, focus on reducing greenhouse gas emissions, and implementation of stringent emission regulations, are expected to propel the European electric scooters and motorcycles market at a CAGR of 27.6% during the forecast period (2020–2025). According to P&S Intelligence, the market generated $284.2 million in 2019,which is projected to reach $758.5 million by 2025. The European electric scooters and motorcycles market growth is driven by the proliferation of electric scooters in sharing fleets in major European countries. This is due to the presence of several sharing service providers, with a large number of electric scooters in their fleets. For instance, France had around 2,560 electric scooters and Italy had about 1,225 scooters in their sharing fleets in 2019, which are expected to grow in the coming years. Thus, the increasing deployment of...

The U.S. government is incorporating a large number of electric buses in its transportation system, on account of increasing environmental concerns. For example, transit operators in Los Angeles and Seattle are committed toward replacing their conventional diesel buses with electric buses. These buses are used for public transport, transit services, and military application. Most of the decisions regarding the purchase of electric buses are taken by the federal or state governments. The rising demand for electric buses will increase the number of electric bus charging stations to recharge these buses. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/us-electric-bus-charging-station-market/report-sample Moreover, rapid shift toward depot charge buses from on-route charge buses will aid the U.S. electric bus charging station market to grow, with 37.1% CAGR, during 2019–2025. At this rate, the market value is expected to reach $184.5 million by 2025 ...

Automobile manufacturers are integrating human–machine interface (HMI) systems to cater to the increasing preference of customers to remain connected with the outside world, while on road. Because of the increasing in-vehicle connectivity features in infotainment systems to connect smartphones with the vehicle, automobile diagnostics, traffic and collision warnings, real-time traffic monitoring, and roadside assistance, the automotive HMI market is expected to display a CAGR of 10.8% during 2020–2030. Besides, increasing awareness about improved safety features in vehicles will increase the size of the market from $18,822.3 million in 2019 to $55,318.4 million by 2030. To increase the safety quotient, automotive producers are integrating automotive HMI solutions to assist drivers while traveling. These solutions reduce distractions while driving by offering safety features, such as voice interactions, mobile devices, and touch screens, which help the drivers in noticing and understandi...

The Indian electric bus market had a valuation of $94.3 million in 2020 and it is predicted to advance at a CAGR of 48.8% between 2021 and 2025. According to the market research company, P&S Intelligence, the market will generate a revenue of $1,364.4 million by 2025. The key factors driving the advancement of the market for electric buses in India are the increasing implementation of favorable government policies regarding electric bus deployment and the surging domestic manufacturing of electric buses in the country. Due to the rapid environmental degradation in the country, the government is enacting various policies and regulations aimed at encouraging the deployment of environment-friendly modes of transportation such as electric buses in the country. The Ministry of Heavy Industry and Public Enterprise announced the eligibility criteria for electric passenger vehicles, buses, and two- and three-wheelers to avail the various benefits sanctioned under the FAME (Faster Adoption ...

The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicle market attained sales of 56.2 million vehicles in 2019. According to the forecast of P&S Intelligence, a market research company, the market size will reach 102.3 million units by 2030. Furthermore, the market will progress at a CAGR of 5.9% between 2020 and 2030. The growing usage of clean-energy vehicles and the ability of LPG and CNG vehicles to replace traditional vehicles are the CNG and LPG vehicle main market growth drivers . Additionally, the low running costs of these vehicles are also contributing heavily toward the boom of the CNG and LPG vehicle market. Automobiles that run on LPG and CNG have lower running costs than the diesel and gasoline-based vehicles. This is because of the lower costs of LPG and CNG than diesel and gasoline. The cost of CNG ranges from around $1.50 to $2.80 per gallon in Europe, registering a reduction of as much as 40–75% in fuel cost. Depending on fuel type, the C...

The global automotive wire harness market had a valuation of $42.8 billion in 2019 and it is predicted to advance at a CAGR of 4.7% between 2020 and 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market will reach a value of $59.3 billion by 2030. The main factors driving the progress of the market are the rapid technological advancements and the mushrooming electric vehicle manufacturing in several countries around the world. With the rise in environmental degradation and the surge in air pollution levels, the global demand for environment-friendly automobiles is growing rapidly. This is fueling the rising popularity of electric vehicles, particularly battery electric vehicles (BEVs) in the U.S., China, Germany, and Japan, which is, in turn, pushing up the demand for wire harness products. Electric vehicles contain a large number of wire harnesses, on account of the fact that they have more electronic components th...

The North American electric scooters and motorcycles market generated a revenue of $164.7 million in 2020 and it is predicted to reach a valuation of $590.4 million by 2025. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 25.1% between 2021 and 2025. The growing popularity of electric scooter sharing fleets and the rising provision of tax credits on their adoption are the major factors driving the market advancement. As electric scooters and motorcycles contain fewer moving and vibrating parts, their maintenance requirements are very low. This massively reduces the demand for periodic maintenance and servicing that usually cost the owners of the conventionally used fossil fuel-powered vehicles a huge amount. Moreover, due to their lower maintenance requirements than traditional vehicles, they are increasingly being adopted by people who don’t have the time required for routine vehicle maintenance and servicing. Reque...

The increasing pollution caused because of the usage of the fuel and gas-powered vehicles is a major factor responsible for the growing popularity of various eco-friendly modes of transportation such as electric scooters and motorcycles in the Asia-Pacific (APAC) region. In addition to this, the rapid urbanization, especially in the developing nations such as China and India, is pushing up the demand for highly convenient, affordable, and environment-friendly two-wheelers such as electric motorcycles and scooters. In addition to being eco-friendly, these two-wheelers also play a major role in solving the increasing road congestion problems in the major cities of the APAC nations. Moreover, the governments of many APAC countries are rapidly enacting various policies and taking initiatives for promoting the usage of these vehicles, mainly to curtail the deteriorating air quality levels. The growing public awareness of the pollution caused by the fossil fuel-powered vehicles is also cont...

“By 2050, it is projected that India will have added 416 million urban dwellers.”, the United Nations (UN) had said in its 2018 World Urbanization Prospects report. With such an influx of people from rural areas into cities and the latter’s own increasing population, urban areas are becoming increasingly crowded. Cities like Mumbai, Delhi, and Bengaluru are already notorious for their alarming traffic congestion due to an increasing number of vehicles on the limited road area. Request to Get the Sample Report Apart from merely causing road congestion, automobiles have also made these cities some of the most polluted in the world. A CNN report published in February 2020 had said that India is home to 21 out of the 30 most-polluted cities in the world. As a result of the dual problems caused by automobiles, P&S Intelligence expects the Indian shared mobility market revenue to increase to $3,952.8 million by 2025 from $1,025.8 million in 2019, at an explosive 56.8% CAGR between 2020 a...