Automotive&TransportationWorld

With the surge in air pollution levels because of the large-scale usage of oil and gas-powered vehicles, the demand for electric vehicles is growing sharply in India. Moreover, the government is providing various subsidies on the purchase of different types of electric vehicles such as electric three-wheelers, buses, passenger cars, and electric two-wheelers in the country. Additionally, the government is implementing several policies for promoting the usage of electric vehicles in the country. Apart from the aforementioned factors, the government is also providing tax rebates and various financial incentives for augmenting the usage of electric vehicles in the country. This is fueling the expansion of the Indian electric vehicle market. Commercial vehicles, passenger cars, three-wheelers, and two-wheelers are the major types of electric vehicles sold in India. Amongst these, the sales of electric three-wheelers were the highest in the country in the past years, on account of their ex...

Factors such as the rising integration of intelligent, compact, lightweight electrical and electronic systems in passenger vehicles and the surging need to monitor and analyze real-time automobile data to optimize passenger and vehicle safety will boost the automotive data logger market growth during the forecast period (2021–2030). According to P&S Intelligence, the market revenue reached ~$3 billion in 2020. Nowadays, the mounting investments being made by market players in the advancement of automotive data logger systems have become a prominent market trend. Automotive Data Logger Market Outlook One of the key growth drivers for the market is the booming demand for in-vehicle connectivity features worldwide. To meet this demand, automakers are increasingly integrating in-vehicle connectivity solutions in their offerings, through partnerships with consumer electronics and software vendors. The installation of advanced features such as automotive data logger solutions enables au...

A number of factors such as the rising adoption of all-wheel-drive (AWD) vehicles, surging need for enhanced fuel efficiency and road traction, and burgeoning demand for heavy-duty and commercial vehicles will support the automotive differential market growth during the forecast period (2021–2030). According to P&S Intelligence, the market revenue stood at ~$20 billion in 2020. At present, the increasing electrification of vehicles is becoming a prominent market trend, due to the mounting focus on mitigating vehicular pollution. The burgeoning need for AWD vehicles, owing to the enhanced safety, drive control, and stability offered by them, will augment the demand for automotive differentials in the coming years. AWD systems were initially used in high-end vehicles, but due to the escalating consumer focus on vehicle safety, automakers are rapidly integrating such systems in passenger cars as well. Additionally, the surging installation of AWD systems in electric vehicles (EVs) w...

The presence of favorable government policies and measures in many European countries and cities is one of the important factors responsible for the soaring adoption of carsharing ser-vices in Europe. For instance, the Mayor of London announced, in 2018, his plans of building public parking spaces in the city that would significantly reduce the private ownership of cars and facilitate car parking in the city. Similarly, the Mayor of Paris announced, in April 2017, her plans of making the city the first post-car city in the world. Powered by the above-mentioned factors, the European car-sharing market is predicted to register huge growth in the coming years. The most widely used types of cars in the car-sharing services in the region are—luxury, executive, and economy class cars.  One of the prominent trends currently being observed in the European carsharing market is the rising deployment of electric vehicles in the carsharing fleets by the carsharing ser-vice providing companies ...

A number of factors, such as the slow charging process at charging stations, need for less time consumption in charging and lower upfront cost of electric vehicles (EVs), less availability of proper charging infrastructure, and rise in investments in the manufacturing of lithium-ion batteries, are driving the electric vehicle battery swapping market, which valued ~$150 million in 2020. The battery swapping technology acts a suitable substitute for supplying power to EVs as it eradicates the requirement of slow-charging stations.  The market is currently witnessing a trend of technological advancements. The advancements in battery swapping technologies are allowing drivers to swap the discharged batteries at a dedicated swapping center with charged ones. This enhances the EV’s uptime, while reducing its operational costs. Additionally, the increasing sales of EVs, falling prices of batteries, and improving technologies are projected to drive the need for battery swapping technologie...

The growing prevalence of road accidents in several countries has made vehicular safety a priority concern area for governments and traffic authorities. As a result, the governments of many countries are increasingly enacting stringent policies that mandate the use of advanced safety systems and features such as advanced driver assistance systems (ADASs) in automobiles. For example, in the U.S., 33 states implemented policies regarding the use of autonomous vehicles in 2017. Charge-coupled device (CCD) and complementary metal oxide semiconductor (CMOS) are the two main types of automotive camera sensors used all over the world. Between them, the usage of the CMOS sensors will rise rapidly in the future years, mainly because of their lower costs and lower power consumption rate than the CCD sensors. Moreover, the rapid technological advancements and innovations in the CMOS image sensors have greatly improved their camera performance, which is further augmenting their popularity across t...

The Indian electric scooter and motorcycle market will experience a 57.9% CAGR during the forecast period (2020–2025), on account of the high government subsidies, favorable regulatory policies, stringent emission norms, and entry of leading two-wheeler manufacturers in the country. Moreover, the rising environmental concerns, dipping lithium-ion (Li-ion) battery prices, increasing advancements in Li-ion batteries, and planned set up of manufacturing units will help the market reach grow from a sale of 152.0 thousand units in 2014to 1,080.5 thousand units by end of 2025. The regulatory environment and subsidies will go a long way in facilitating the Indian electric scooter and motorcycle market growth. The tax exemptions, financial incentives, and purchase rebate shave made these two-wheelers more viable for customers. Moreover, The government of India proposed a plan in 2019 to allow the sale of only electric two-wheelers from March 2025 onward. Moreover, the implementation of the Bha...

Due to the implementation of strict emission norms by the governments of several countries, the demand for eco-friendly vehicles has increased massively. This is driving the expansion of the global electric off-highway vehicles market. Moreover, with the enactment of these regulations, many automotive manufacturing companies are shifting their focus from internal combustion engine-powered vehicles toward automobiles having alternative powertrains. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/off-road-electric-vehicles-market/report-sample Additionally, the surging requirement for emission-free and low-noise construction machines, especially in residential areas, is also fueling the growth of the electric off-highway vehicles market. Due to these factors, the electrification of off-highway vehicles, including those used in the construction industry, is rising rapidly. This is because of the fact that the necessary technologies are rapidly becom...

Factors such as the increasing adoption of electric two-wheelers, growing concern for carbon emissions in the environment, and introduction of advanced hub motors for two-wheelers are expected to drive the growth of the two-wheeler hub motor market at a CAGR of 9.8% during the forecast period (2019–2024), in terms of revenue. With this growth rate, the market size will increase from$4,838.5 million in 2018 to $8,458.7 million by 2024. Also, the lower lifespan of hub motors as compared to two-wheelers leads to the high demand for the former in the aftermarket. The increasing demand for high-power motors is a key trend in the two-wheeler hub motor market. Key manufacturers like BMW AG, Vectrix, and Zero Motorcycles Inc. offer electric two-wheelers with a motor power more than 30 kilowatts (kW), and they have plans to launch new models of higher motor power. Besides, several original equipment manufacturers (OEMs) of conventional two-wheelers have announced plans to launch high-power ele...

From $72,499.2 million in 2019, the global connected car market is predicted to generate a revenue of $198,459.7 million by 2025. According to the estimates of P&S Intelligence, a market research firm based in India, the market would progress at a CAGR of 24.1% between 2020 and 2025. The increasing requirement for an improved driving experience and the growing adoption of the internet of things (IoT) in the automotive industry are the main factors fueling the market advancement. Connected Cra Market 2021 This is because these features greatly mitigate these problems, which, in turn, enhances the driving experience of people. Besides this factor, the increasing safety and security concerns being raised across the world over the rising incidence of road accidents are also propelling the growth of the connected car market. Advanced technologies such as automatic braking, lane assist, and advanced driver assistance systems (ADASs) considerably improve the driving experience and reduce...

 With the soaring deployment of electric vehicles in several countries, due to the escalating air pollution levels and the rapid environmental degradation, the demand for automotive human-machine interface (HMI) is growing sharply around the world. Moreover, the increasing focus on energy conservation and the surging prices of fossil fuels are massively boosting the popularity of electric vehicles all over the world. Electric vehicles are equipped with various automotive HMIs such as heads-up display, advanced infotainment systems, and rear-seat entertainment units. Automotive HMI Market Outlook Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/automotive-hmi-market/report-sample This is why the mushrooming popularity of electric vehicles is positively impacting the worldwide demand for automotive HMI systems and solutions. Besides this, the increasing requirement for safety features and systems in vehicles, due to the growing prevalence of ro...

As the adoption of electric vehicles (EVs) shoots up, the production of acoustic vehicle alerting systems (AVAS) will also surge exponentially. It is being speculated that the total number of electric cars might reach around 130 million by 2030. The rapid shift to these new-energy vehicles can be primarily owed to the rising consciousness about the high air pollution levels. To control the emission of toxic vehicular pollutants, governments and international regulatory bodies are implementing policies supporting the adoption and production of EVs. Moreover, factors such as the declining cost of several components of AVASs and introduction of new EVs will help the acoustic vehicle alerting system market progress at a high CAGR of 11.9% during the forecast period (2020–2030). For example, it is being projected that the cost of amplifiers, battery packs, copper coils, and speakers would witness a significant decline, by around 30%, by 2025 from that in 2019. In 2019, a total of 24.7 milli...

The burgeoning requirement for human machine interface (HMI) systems and booming sales of passenger vehicles are fueling the demand for automotive infotainment systems across the world. For instance, Nissan has announced it has started the development of self-driving cars for replacing human requirement for operating the vehicle. These systems provided various advantages such as improved scheduling and routing, reduced operating costs, and enhanced driver productivity. According to the India Brand Equity Foundation (IBEF), the production of automobiles in India grew at a CAGR of 2.36% from FY16 to FY20 and reached 26.36 million units in FY20. Apart from this, the surging deployment of small and medium-sized cars is also propelling the sales of automotive infotainment systems. Additionally, the rapid advancements being made in wireless technologies are also fueling the development of automotive infotainment products and services. The adoption of voice interface systems in vehicles is a...

The increasing provision of government incentives and subsidies in several countries is causing a sharp rise in the sales of e-bikes across the world. Subsidies in the form of price reductions or discounts are encouraging people to buy these bikes. For example, the Swedish government provided a subsidy of as much as 25% (or up to nearly $1,119) per e-bike to all the citizens of the country for up to three years in 2018.  E-Bike Market Outlook Because of the provision of this subsidy, more than 100,000 e-bikes were sold in 2018, registering a huge growth from the recorded sales of 67,000 e-bikes in 2017. Apart from this, the increasing concerns being raised in many countries over the escalating pollution levels are also pushing up the sales of eco-friendly modes of transportation such as e-bikes. In various countries such as Netherlands, Belgium, Germany, and Japan, people are increasingly preferring low-speed electric vehicles over the high-speed ones. Request to Get the Sample Rep...

Internet of Things (IoT) refers to an integrated system that comprises machines, people, computing devices, and other devices that allow data sharing among them, over a defined network. As the automotive sector is observing a significant technological shift, automakers across the world are integrating this technology in their vehicle models. With the surging customer preference for a convenient driving experience and seamless connectivity, automobile manufacturers are increasingly incorporating the IoT technology in their offerings. Additionally, the burgeoning need for capturing real-time information by vehicle operators and users is also augmenting the adoption of this technology worldwide. IoT in Automotive Industry  Besides, the increasing shift toward connected cars will also fuel the internet of things in automotive market during 2020–2030. Connected cars have internet access and a wireless local area network (LAN), which facilitates the cars to share their information with v...

Even though the urban population of India is rising, the overall disposable income of cities isn’t, as most of the people are coming in from rural areas, therefore are plagued by perpetually precarious finances. As a result, the demand for cost-effective commuting options, especially for short distances, has perpetually been high in the cities and increasing still. This is why electric rickshaws (e-rickshaws) have become so popular in the last 5–6 years. For every km, a person has to merely pay INR 10, at which rate, the e-rickshaw driver earns INR 50 for traveling just 1 km. India Electric Rickshaw Market Outlook Therefore, due to the cost benefits of such vehicles for commuters, as well as drivers/owners, the Indian electric rickshaw market revenue is projected to grow from $786.2 million in 2019 to $1,394.2 million by 2025 , at a robust 33.3% CAGR during 2020–2025. As per P&S Intelligence, another reason behind the increasing sale of such vehicles is the government support. Beca...