Automotive&TransportationWorld

The Global New Car Assessment Programme (Global NACP) launched by the Towards Zero Foundation aims to create a world that is free from road fatalities and serious injuries. This programme supports the democratization of vehicle safety by encouraging the adoption of advanced automotive designs and technologies across the world. Additionally, NACP also aspires to promote the deployment of vehicle safety technologies with proven effectiveness by increasing public awareness regarding such features and supporting their mandatory application. To comply with the safety standards of this programme, automakers are increasingly integrating automotive camera modules in their offerings. Additionally, the accelerating demand for autonomous and luxury vehicles will also contribute to the progress of the automotive camera module market during 2020–2030. According to the Autonomous Vehicle Implementation Predictions: Implications for Transport Planning, published by the Victoria Transportation Policy ...

According to the International Organization of Motor Vehicle Manufacturers (OICA), 53,598,846 passenger cars were sold and 55,834,456 were manufactured in 2020. The surging sales and production of vehicles are creating a huge requirement for security systems, such as immobilizers, central locking systems, alarms, and remote keyless entry (RKE) systems. The installation of these systems ensures the safety of passengers and vehicles, owing to which automakers are inking contracts with auto component companies, such as ALPS ELECTRIC CO. LTD., HELLA KGaA Hueck & Co., Delphi Automotive LLP, Robert Bosch GmbH, Mitsubishi Electric Corporation, and Tokai Rika Co. Ltd., for them. Additionally, the toughening government regulations on vehicle security will steer the car security systems market toward prosperity. For instance, the Central Motor Vehicle Rules (CMVR) of the Indian government mandate the installation of door locks in cars manufactured in the country. Furthermore, the National Hi...

The automotive fuel transfer pump is an integral part of a vehicle, as it is employed for transmission, lubrication, and transfer of the fuel to the engine. Unlike before, such pumps are now being used for the overall improvement of automobiles’ performance, especially their fuel efficiency. Pumps use electrical or mechanical energy to push the fuel into the combustion chamber of the engine. With the increasing focus on reducing the rate of environmental degradation, manufacturers are coming up with more-efficient pumps, which adhere to the vehicular emission norms of governments worldwide. Automobile manufacturers are integrating technologies such as power steering, automatic transmission, gasoline direct injection, and gasoline turbochargers, along with efficient automotive fuel transfer pumps, for enhanced the driving experience and complying with emission regulations. The sale of electrical automotive fuel transfer pumps is more than the mechanical ones. This is due to the benefit...

The increasing incorporation of artificial intelligence (AI)-driven solutions in vehicles is one of the major factors fueling the demand for automotive cybersecurity technologies across the world. The adoption of AI has played a major role in the development of level 4 and level 5 autonomous cars. Moreover, the availability of various connected services and devices has made the collection and analysis of vehicular data easier. However, this data must be securely stored and used for operating in-vehicle systems. Owing to this reason, automakers are increasingly focusing on integrating security and safety solutions in their offerings. Additionally, the rising requirement for greater vehicle safety and the increasing implementation of strict vehicle safety regulations by the governments of several countries are driving the demand for the integration of AI-powered solutions in automobiles. As these technologies are highly vulnerable to cyberattacks, their increasing adoption is fueling the...

The mushrooming requirement for hassle-free, user-friendly, and more efficient parking systems is fueling the demand for automated valet parking technology. Because of the increasing road congestion, people are finding it very difficult to find proper parking spaces, which is consequently leading to increased cost, time, and distance of the parked vehicle from the destination point of the user. Owing to this factor, the popularity of the automated valet parking technology is surging, which is fueling the expansion of the global automated valet parking technology market. Furthermore, the industry is predicted to exhibit rapid expansion from 2020 to 2030 (forecast period). Additionally, this technology assists in freeing up and optimizing the available parking space, which is enabling people to find proper vehicle parking spots. Presently, the automated valet parking technology is still in its development stage and there are various prerequisites for both parking spaces and vehicles for ...

More than 1.3 million people are killed in road accidents every year, according to the World Health Organization (WHO). Seeing this, many governments have started promoting the usage of vehicles with advanced driver assistance systems (ADAS). Such moves have picked pace especially since the realization that most of the road crashes are a result of human errors, such as driving at more than the mandated speed limit, talking on the phone or sleeping while driving, cutting tight corners, jumping red lights, and driving too close to the automobile in front. This is why P&S Intelligence predicts that the automotive LiDAR market value will increase to $14,754.7 million by 2030 from $289.3 million in 2019, at a high 26.1% CAGR during 2020–2030. This is because the light detection and ranging (LiDAR) technology is used by numerous safety systems now being integrated into automobiles, such as adaptive cruise control (ACC), blind spot detection (BSD), automatic emergency braking (AEB), and ...

Factors such as the burgeoning demand for first- and last-mile connectivity and the surging need for reduced traffic congestion in urban areas are expected to drive the Australian micromobility market at a robust CAGR of 89.5% during the forecast period (2021–2030). The market growth will also be steered by the low cost and convenience offered by micromobility solutions. According to P&S Intelligence, the market was valued at $16.9 million in 2020, and it will generate $19,185.6 million revenue by 2030. The rising need to reduce traffic congestion, which can be credited to the booming population, is augmenting the demand for micromobility services in Australia. As per the World Bank, the population of the country surged from 25,365,745 in 2019 to 25,687,041 in 2020. The surging population is exerting additional burden on transportation systems, owing to which the government and market players are encouraging the use of such solutions. Micromobility offers better connectivity to a p...

The e-commerce industry in India is witnessing substantial growth due to the rising internet penetration, the surging use of smartphones, laptops, and tablets, and the increasing number of online shopping platforms in the country. The rising popularity of online platforms is creating a notable requirement for logistics services, owing to which e-commerce companies in India are increasingly opting for digital freight matching services. Adoption of these services reduces operational costs of such companies and offers convenient delivery options. Additionally, mounting investments being made in the development of improved logistics services will also contribute to the Indian digital freight matching market prosperity during 2020–2030. Nowadays, e-commerce giants, logistics firms, and venture capitalists are heavily investing in start-ups offering digital freight matching services to cater to the rising demand for advanced logistics solutions. For example, in December 2019, Walmart, an emi...

The International Organization of Motor Vehicle Manufacturers (OICA) states that a total of 77,621,582 vehicles were manufactured in 2020. As per the OICA, India, China, Japan, Thailand, Indonesia, and South Korea produced 3,394,446 units, 25,225,242 units, 8,067,557 units, 1,427,074 units, 691,286 units, and 3,506,774 units of vehicles, respectively, in 2020. The increasing automobile production, especially in the Asia-Pacific (APAC) region, on account of the mounting investments being made by automakers in APAC nations, will fuel the demand for automotive composite materials in the foreseeable future. Additionally, the burgeoning demand for lightweight and fuel-efficient vehicles, owing to the surging concerns over rising air pollution levels and depleting fossil fuel reserves, is also expected to contribute to the progress of the automotive composite market in the upcoming years. According to the World Health Organization (WHO), nearly 99% of the people across the world breathe air ...

The mushrooming popularity of lightweight and fuel-efficient vehicles is pushing up the worldwide demand for automotive thermoplastics. This is because thermoplastic components are extensively used for reducing the weight of the automobile, which, in turn, causes a sharp rise in its fuel economy. Moreover, as thermoplastics are heavily used in various applications in the automobile industry, the expansion of this industry, owing to the burgeoning manufacturing and sales of automobiles, especially in the Asia-Pacific (APAC) region, is driving their demand across the world. According to the Organisation Internationale des Constructeurs d’Automobiles, 77,971,234 automobiles were sold all over the world in 2020. Furthermore, as per the India Brand Equity Foundation (IBEF), the automotive industry in India is predicted to witness its value rise to Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. These materials are being increasingly used in the manufacturing of several automobil...

The major factors driving the New Zealand micromobility market are the convenience and cost-effectiveness of these services, rising need to make the earth greener, and supportive government regulations for these transport solutions. As a result, the cumulative revenue garnered by the providers of these services in this island country will increase to $2,395.1 million by 2030 from $9.5 million in 2020, at a 64.3% CAGR during 2021–2030 (forecast period). These services are essentially provided on two-wheelers, mostly electric, which commuters drive themselves. E-scooters, e-mopeds, e-bikes, e-pods, scooters, and bikes are the categories of the type segment. Among these, the e-scooters category held the largest share in the New Zealand micromobility market in 2020 as these vehicles are immensely popular here. Compared to pedal-assist bikes, e-scooters are faster and more convenient as they save riders’ effort in propelling them forward. Due to the same reason, the scooters category will l...