automotive

Automotive Headliner Market to Expand at a Staggering CAGR of ~4% By 2028

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Global value for the automotive headliner market reached ~ US$ 7.5 Bn in 2018, as disclosed by the new research study by Fact.MR. According to the report, the automotive headliner market is predicted to grow by CAGR of ~4% in the forecast period, primarily influenced by prominent players investing in manufacturing operations in the global automotive headliner market landscape.

According to the research, an increasing center of attention on new developments and demand in various types of vehicle are subsidizing to enhanced revenue generation of the automotive headliner market by the end of 2028. Rise in vehicle sales and increasing level of consumer’s awareness about advance automotive technologies will continue to prove profitable for the global market for automotive headliner in the coming future.

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Increasing Popularity of Luxury Vehicles Creating Opportunities for Key Market Players

Electric Bikes Market: A $23.83 Billion Contender by 2025

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Electric bikes are a category of vehicles, which includes two-wheel bikes that are propelled using human pedaling assisted by electrical power from a battery or propelled almost completely using electric power. Electric bikes have been used as a popular mode of transportation in many countries including China, the Netherlands, and Germany. The global electric bikes market size was valued at $16.34 billion in 2017, and is expected to reach $23.83 billion by 2025, registering a CAGR of 4.9% from 2018 to 2025.

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Addition of electric power to a bicycle provides multiple benefits of cycling, thereby significantly increasing its usability. The key benefits of electric bikes are additional power for long distance commute at higher speeds, better time usage, ability to carry additional cargo, and thrift as compared to the other modes of transport.

Motorcycle Market Expected to Experience Bolstering Sales during Forecast Period, 2017 - 2026

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Fact.MR has published a new research report titled “Motorcycle Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2026”, which ardently focuses on the growth status of the global motorcycle market in the coming years. This report highpoints that development of enhanced safety mechanisms for safeguarding drivers, merged with improved suspension systems for adding comfort are known to impact buying behavior. Furthermore, increased focus towards road-traffic infrastructure is expected to aid the bolstering growth of the motorcycle market.

According to this Fact.MR study, the motorcycle market is likely to observe steady growth during the 2017-2026 period. It is estimated that global sales of motorcycles will reach 40 million units in 2019. The contribution by leading manufacturers is fueling the global motorcycle market to expand itself and reach a wider consumer population. As a result, the target market is projected to advance at 3.8% CAGR until 2026. Development of refined safety mechanisms to lessen the frequency of accidents is one of the prime factors that is expected to bolster motorcycle sales in the near future.

Automotive Interior LED Lighting Market to Experience Significant Growth during the Forecast Period 2017 to 2022

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Soaring demand for autonomous vehicles and driver safety are anticipated to be key factors driving the adoption of automotive interior LED lighting through 2022. Fact.MR’s extensive report on the global automotive interior LED lighting market delivers key actionable insights on various dynamics including drivers, trends, and challenges shaping the market over the forecast period of 2017-2022. However, expensive installations and hot heat source, resulting in subsequent LED failure are critical factors restraining the widespread adoption of automotive interior LED lighting, translating into a sluggish CAGR of 2.9% by 2022.

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Automotive LED Light Market Projected to Augment at a Notable CAGR during the Forecast Period until 2022

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LED light, a semiconductor, releases light energy when it is activated. Compared to halogen, or, xenon light, LED lights are more durable, power saving, and efficient. LED lights offer various advantages compared to other lights, such as less CO2 emission, and long-lasting life. Automotive LED lights form an imperative part of modern automobiles. An electric voltage supplied to p & n junction of an LED via leads brings electrons together, resulting into release of light of energy.

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Automotive Smart Display Market Projected to Augment at a Notable CAGR during the Forecast Period until 2022

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The automotive smart display is a wireless touch screen display device providing distraction-free access to multimedia functions, navigation, driver safety features, real-time diagnostics of the vehicle including tire pressure, engine heat indicators, etc. Modern smart display systems also include vehicle-to-infrastructure and vehicle-to-vehicle connectivity to enhance customer experience.

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Improving safety, providing comfort, and enhancing driver experience are the priorities for the automotive sector currently. Smart display manufacturers are providing cutting-edge smart display applications. With an increase in the integration of vehicle functions in a display application, smart display manufacturers are providing LCD and TFT-LCD display panels with unique designs.

OEMs are also focusing on offering smart automotive display system for a cost-sensitive market. Along with the single-touch screen platform, manufacturers are also integrating gesture control technology in the smart display system. The focus is also on offering audible navigational assistance system and 360°video imaging technology that displays 3D view of vehicle surrounding, thereby improving safety.

Low Voltage Motors Market to Experience Significant Growth during the Forecast Period 2017 to 2022

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In order to cater to the growing demand for consumer and capital goods, manufacturers are adopting advanced technology for fast production. Several manufacturers are integrating low voltage motors with smart sensors to speed up the production rate as it enables end users to record the regular and accurate measurement of the motor’s key condition parameters. For example, ABB, a leading player in the low voltage motors market, launched a new low voltage motor equipped with smart sensor, which is designed to pick up signals from the low voltage motors that helps in recording accurate and regular measurements of the motor. Manufacturers operating in several industries are converting regular low voltage motors to connected and intelligent machines, which enables users to analyse the actual needs rather than on the basis of operating hours and time intervals during the production process. Equipped with smart technology, the low voltage motors enables manufacturers to make predictive analysis based on the data acquired, which can help in reducing the downtime by 70%, extending motor lifetime by 30%, and cutting energy consumption by around 10%.

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Automotive Cabin Air Filter Market: Future Forecast Indicates Impressive Growth Rate

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Blocking pollen, dust and particulate matter from vehicle exhaust from entering the car, automotive cabin air filter is being increasingly used in vehicles. Cabin air filter manufacturers are focusing on research and development of air filters using new material and advanced technology providing better filtration. Manufacturers are also developing charcoal lined cabin air filter. The air filter includes activated carbon that prevents odors and helps to reduce oxides of nitrogen and carbon monoxide from entering the car.

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Cabin air filters with small fibers facilitating better protection by trapping a large amount of ultrafine particles are also on a rise. Increasing number of replacement of automotive cabin air filter is driving the demand for new filters. Although replacement varies by manufacturers, general guidelines suggest replacing the air filter in every 12,000 to 15,000 miles. Development of customizable and polyurethane-based adhesive filters are also witnessing growth among manufacturers.

Demand for Hybrid Electric Vehicles Experience Considerable Boost with Broadening Product Catalogue, says Fact.MR report

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Hybrid electric vehicles are eco-friendly, include reduced emissions and reduced fuel consumption as compared to gasoline engine vehicles, hence the hybrid electric vehicles are gaining popularity across the globe. With several stringent emission policies by various countries, hybrid electric car manufacturers are focusing on developing new hybrid electric car batteries that can be recharged quickly. Data acquisition system and remote monitoring system are being implemented in the hybrid electric vehicles to locate nearby charging stations, help in navigation, etc.

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Leading market players are also focusing on improving performance and efficiency of cooling electronics in hybrid electric vehicles, as hybrid electric vehicles employ both electric motor and turbo diesel engine. High energy density and low-discharge rates make Li-ion batteries suitable for hybrid electric vehicles. However, low temperature reduces the energy of the battery, hence manufacturers are focusing on increasing capacity of Li-ion batteries in cold temperatures.

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